16th May 2024 - NVDA, ARM, AAPL, SCGBHD, YTL, MYEG, SBAGAN

16th May 2024

NVDA (USD946.30)

NVDA has been floating from USD950(25th Mar) and dive to close USD762 (19th Apr), was definitely restless months for those stayer. Without doubt, selling at 950 could benefit from a handsome the USD 200 diff. Those med term investors are gonna be glad with the catch.

ARM (USD113.67) - trying a new short-term strategy

ARM has been floating from USD110 to USD130. 

I am trying a new way by buying bulk at 110 and wanna to sell at 120-130, 10 lots. With this I could make a 10%+- each months, if the floating price is at 10% diff. and by end of the year, I could get 50% of my total investment.

Well, if ARM keep repeating the floating price in between USD110-USD130. Lets see if the strategy works.

And yes, of course, in reality, ARM went to USD87(19th Apr) just when I enter at USD111.28. Thats life for me.

I re-enter again to average it at USD90 and some at USD100. My average entry price is back at USD104+- now.

AAPL - Bye bye

Apple has not being a performing counter with 2 essential reason.

- Apple loses US$115 billion in market value as regulator...

- withdrawal for EV car investment.

At this stage, even a layman would make a better guess on what next. and it came with a news of Warren selling some of his AAPL to balance his BRK.A and BRK.B portfolio.

I sold them without hesitation. and move my pawn into ARM. I would want to see more traction in the $$.

SCGBHD (MYR 0.64)

Is a good counter to stay with Malaysia government continue in pushing 5G Internet. This Kedah cable company has been exercising their project and making a good progress. I gonna stay here for a very long time. 

In my portfolio, there are some SCGBHD-WA. I am planning to get them to be realize into actual share, not by converting te warrant into share, but rather 

- buy their share at low, 

- and sell the warrant at highest possible profit

Lets see if my plan works. I still have sometime before the warrant get expired

YTL (MYR3.65)

NVDA is investing MYR20billion in msia on YTL facilities, I yet to confirm the detail of the investment. But with their YTL bull run in 2023, it gonna chase to the upper in in 2024. 

My target price for YTL is remain at MYR3.80 to 4.20. which is x5 of 1 years ago price. 

At MYR 3.65, YTL Market cap is value at 40.3Bil. However, we should always reminded tht YTL POWER is value at 42 bil too.

If any sharp drop on recent Msia market, i gonna trigger a IN on any of the second drop.

MYEG (MYR1.03)

I had trigger sold on 0.7, somewhere. A lesson learn is that do check for announcement before forgetting a share.

MYEG has enter crypto market a day after I sold the share. Okay....Next counter

Sungai Bagan - SBAGAN(MYR 6.36)

OCBC has decided to privatize Great Eastern - GE. If SBAGAN board has decide to sell all their share to allow the buying, they gonna have MYR 426mil extra cash into the book. At 6.36, their market Cap at MYR421.88M. The match just didnt add up. i went in with with the wrong math count. My Traget exit price is MYR 8.2 I am not gonna hold them long

...

At stake is Sungei Bagan's 4.763 million shares in Great Eastern that has received a voluntary offer from Oversea-Chinese Banking Corp (OCBC). Sungei Bagan's equity in Great Eastern, equivalent to 1%, has a value of S$121.93 million, or RM426.88 million, based on the price offered by OCBC for an 11.56% stake it does not own in the Singapore-based insurer for S$1.4 billion (RM4.9 billion)...

Does math play a role in investing in Share market? Both Up and Down fetch the same 50% chances if we gamble on the guesses. So what does math and experience play a role in such a volatile market? Why do experience trader still continue with their high probability earning rate?

Well, we are buying the business, not the guesses....