Cold Eyes pick. Undervalue stocks

Asset are heavily undervalue.

FACB 0.61
Oriental 5.3
kimhin 1.3

Trading Update

N Korea bomshell attack, Europe debt crisis , thanksgiving holiday affected market sentiment. Market start to retrace. Still hold some cash and waiting 2nd buy for BP.

Sold Melewar 8000 @ 0.84 gain 380
Sold Dufu 16000 @ 0.41 lost 1140
Sold Cheetah 14000 @ 0.582 lost 140
Buy 39200 @ 0.53

Bought Melewar 8 lots @ 0.75

As i commented on Sg Buaya blog earlier, i do think QE2 provide liquidity to equities market,it was an important element of equities bulls. Any retracement should be a buy. Retracement in KLSE today, hence , i bought in 8 lots of Melewar @ 0.75.

Melewar is an undervalue stocks i studied before. Just sit back and relax, should release its value if Superbull come.

Genting Singapore

Number of shares 243.40 million
Converted Warrant
Current Price 2.15
Earning 3Q 188
Earing 2Q 397
Earning 1Q

After Warrant Fully converted est 10billion Stocks

Estimate Earning 4Q = 800million Dollar
EPS = 0.8/10
EPS = 0.08 Dollar

PE = 2.15/0.08
PE = 26.87

Macau Gaming Stocks

Went to Macau 2 weeks ago for holiday. It was a relax & enjoying trips. Here are some of the stocks caught my attention after coming back.

Old News - Mon Feb 1, 2010 9:29pm EST
Seemed like all the gaming stocks soars to new height. SJM Holding are now HKD 11.72 , 3 times 9 months ago.

Sands China (1928.HK), the Macau unit of Las Vegas Sands (LVS.N), rose as much as 5.24 percent to a two-week high at HK$11.64.

Wynn Macau (1128.HK), the Macau unit of Wynn Resorts (WYNN.O) advanced 3.08 percent to HK$9.70.

SJM Holdings (0880.HK), Macau gambling tycoon Stanley Ho's flagship company, gained as much as 5.22 percent to HK$4.03,

while shares of Galaxy Entertainment Group (0027.HK) rose as much as 5.06 percent to HK$3.11.

Macau casino revenue rose 63 percent from a year earlier to 14 billion patacas ($1.80 billion) in January, according to analyst reports, citing Portuguese news agency Lusa.

The growth rate surpassed the previous record set in October 2009, when casino revenue reached 12.46 billion patacas.

Gaming revenues are expected to record even stronger year-on-year growth starting in February because of the Lunar New Year holiday, analysts said.

SJM, Macau's biggest casino operator by market share, controlled 30 percent of the gambling market in January, while Sands was No.2 with 22 percent, analysts said, citing Lusa.

On Monday, Melco Crown Entertainment (MPEL.O), a joint venture between Hong Kong-listed Melco International Development Ltd. (0200.HK) and Australia's Crown Ltd (CWN.AX), soared 5.32 percent to $3.76.

Melco International rose as much as 7.32 percent to a two-week high at HK$3.37.

DJI Trending

With the Republicans making comeback in the House of Representatives and Senate in US midterm election results, the Democrats are a worried lot.

Barack Obama has to reinvent his job. He has an uphill task at hand to win public perception in economy, healthcare, military etc.

With the major election just two years away he have to really work hard. This meant for another 2 years of good time for equities bull. More and more money will be pour into banking system in order to revive economy. My point of view, any major retracement in NYSE should be a buy, next 2 years

Bought Dufu @ 0.475

I bought in 16 lots Dufu @ 0.475 today

The reason why i am buying in

1. Owner is buying 10% of the shares
2. Volume spikes, It was nearly the low @ 0.40/shares
3. FA ok, eanring is good. PE less than 8
4. Price is moving up.
5. Forecast for better Q3 results,which should be announce this month.
6. Taiwanese is very good in doing machine. I had a Taiwanese friend who ask me to do this type of machine , profit margin for machine is impresive.

P/S : Cheetah announced 3.5 cents dividen, i bought in 20 @0.585 a week ago, awaiting Q3 results.

DUFU FA

1. Recevable TR = 29255/62976 x 180 = 83.61days
2. Inventories = 27828 /120000 = 0.213 ringgit
3. TR -TP = 29255 - 19174 = 10081
4 Cash + prepaid = 4827 + 5567 = 10394
5. Loan = 13204 + 2091 + 4432 = 19727