Posts

Showing posts with the label Yongnam

Counters In My Watchlist - An Update

This is just an update to readers who had read about the post " Counters In My Watchlist ". So what had happened to these counters after 1 month and what is my decision moving forward? 1. Yongnam Holdings Ltd As predicted, Yongnam's share price has ranged from 0.199 to 0.210 over this 1 month. I had told many people (even during my sharing session conducted recently) , and also stated in the initial post, I doubt the share price will go below 0.199 or have a drastic fall like other counters such as Noble Group. This is mainly due to the breakdown of the number of shareholders holdings as well as the public float. If people wanted to sell, they will have done it earlier. Everyone is waiting for the breakthrough. For me, I did purchase Yongnam at 0.199. However, I should be offloading them in the next few weeks to free up some cash as my new strategy of wealth preservation is in full swing. 2. Singhaiyi Group Ltd The counter's share price has not managed...

Counters In My Watchlist

Last weekend, I scouted the whole of SGX for counters to buy. But I eventually only bought 1 counter. In fact I fully sold 3 counters while some of the counters in my portfolio were partially sold. As stated on my Facebook Page and IN, many of the counters that I came across did not react in the way I expected it to be. One example was Rowsley Ltd - a Peter Lim company. It made significant HUGE LOSSES in its latest full year financial report. But the share price did not even move decrease. Another similar example was Yongnam Holdings Ltd. As I always say, " Expect the Unexpected" . Nevertheless, I re-reviewed all the counters on SGX again and I came up with some counters that I intend to purchase. From my lists, these are the more certain targets. 1. Yongnam Holdings Ltd Prior to its recent profit guidance announcement, I actually bought some of this counter. However, on that day of the profit guidance announcement, I managed to sell all of it for 10% profit due t...