View from the top of Wisma Genting during the morning of the company's AGM in June 2015

'I revel in each and every small success achieved every single day, because they are a counterweight to the horrors of my past.' - KC Liew

Who's supporting COSCO(S) shares???

This company recorded a loss per share that is over 80% of the value of its recently traded price, while debt on its balance sheet ballooned to S$6 billion, just as cash levels were maintained at around S$1.5 billion.

Who the heck is buying up the shares just as they threaten to fall below 30c? Why are they doing so?

Another mystery posed by the inscrutable markets!

Alcoa soars 13% on the NYSE,tempting me to take profit for my first US winner of 2016

The Results are FINALLY in...

The largest component by market value of my stock portfolio, Cycle & Carriage Bintang Bhd. reports creditable full-year results, with earnings quintupling over the previous year.

It declares its first dividend since 2012.

My Honest Assessment of my most recent Trades...

Genting (S) - Bought @ 69c mainly as a proxy for a market rebound a la 1998, and also to experience the satisfaction of buying at a much lower price than other interested investors and fund managers, even including listed Hexza Corporation, which revealed in its last AGM that this was their 3rd largest portfolio holding.


Had I known it would report a 4th quarter loss lately, I would probably have delayed my entry till March, which I felt was a safer time frame to catch a bottom.

Grade = C + (Quite a distance from its 2016 low of 66c, saved only by its subsequent rise to 72c after the bad news anticipated was removed as an overhang on the stock)


Global Oriental - Bought @ 46.5c based on a quasi double-bottom formation, but also because its cash:borrowings ratio at 30% was not too unfavorable  for a property developer.

Sold @ 48c the day after because I wanted to take some profits on a Friday heading into an unknown US stockmarket performance and weekend uncertainty.

Grade = C - (May have lost the discipline by selling early since the price action seems to suggest further upside is ahead)

Malaysia Marine & Heavy Engineering - Bought @ 91.5c last week based on a high conviction double bottom formation and its net cash balance sheet, a belief in bottoming corporate performance and also as a proxy bet on the short-term rise of crude oil.

Sold most of it @ an average of $1.0873, near the high on Thursday, after resisting the urge to take profit at 1.03 and 1.05 and even 1.00 the day before.

Grade = A+ ( On hindsight, almost a perfect entry & exit, entering just four ticks below its all-time low, and exiting less than two ticks below its weekly high, just in time for crude oil to correct 3% over the weekend).

Interesting fact: While the KL Composite Index is still languishing about 12% below its record high...

...the exchange's Industrial Index is within striking range, now at a paltry 3.5% below its own record high of 3433.31, while resting on an intact uptrend line that stretches back to that infamous low in September 1998.

The Flag predicts higher prices

My decision to go long Alcoa one day after the panic peaked in January has paid off!

                             Alcoa just after it peaked in 2007

The Shanghai Composite Index peaked in late 2007 at 6,124.044

The 2015 peak, by contrast, was 5,178.191.

The day the Hang Seng Index almost touched 32,000

October 30th 2007 - It came within a proverbial whisker, setting a high of  31,958.41 points that hasn't been exceeded until today, over eight years later.

By comparison, the Nikkei 225 touched 38,957.44 points at its apex on Dec 31st 1989, and has since only reached slightly over half that level, peaking at 20,952.71 in late June 2015.

Petronas Dagangan vaults to a new 52-week high above M$26!