woke up around 9am to photocopy my IC and yum cha + newspaper until around 1030am.
went back to home and check the market movement...
what a lucky day that i wake up early!!!
i saw this counter.....
heard this counter 2 years ago...
well known SCOMI group's company...
increased more than 20% from 1.15 to 1.40 in the early morning!!!
saw the announcement in HLebroking...
same news as below:
can u imagine that???
even with the current rm1.40, we can have a dividend yield of 21%!!!
7 times more than our FD rate!!!
too bad i doubt for a while on that time..
not dare to buy in directly...
so i take some time to have a look on its fundamental...
kinda growth company with kinda lots of debt...
paid 5 cents of dividend every year...
this quarter they pay out special dividend after they sold 1 of their subsidiary company!
so this special dividend wouldn't hurt it's financial position too much.
UNBELIEVABLE....
it's price move up to 1.49 in few minutes!!!
i missed the best price~1.40...
i tried my luck placing order at 1.46(3rd buying queue)
i was in the lucky batch of 1.46 after the missed out the 1st train (1.40)
highest of the day 1.59 and closed at 1.51!!!
get a gain of 3% on Friday itself (included transaction cost)
will let it go once its go up more than 1.60(giving me a return of 8% and above)
not thinking of holding this counter is because of its low cash position and too many stocks in my portfolio dy!!!
i have 6 stocks + ScomiEN in my local portfolio and 1 stock in my foreign portfolio!
not going to expand my local portfolio more than 6 stocks currently...
might do some reallocation or adjustment on the stock pick...
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