Thursday, July 15, 2010

Sold some Sunway shares. Switching to TDM and Delloyd

I sold part of my shares in Sunway. Too slow. Construction stocks are quite stagnant. There are probably too many warrants which are capping the share price.

TDM still looks good. Huge cash pile, earnings are good, might reach RM80mil this year. Earnings are more diversified, not purely on plantation alone. Looks like there is more interest in this counter now. For more info, click here.

Delloyd is quite quiet now. OSK just initiated coverage on it in July. Hopefully there is more coverage on this stock from now on. Earnings are diversified, with major contribution from automotive components manufacturing and supported by its plantation in Malaysia and Indonesia, vehicle distribution and bus manufacturing in Indonesia. Earnings growth will be good over the next few years and expected to rise 20% p.a. PER for 2010 and 2011 is at ridiculous level of 5-6x. Its website is good in my opinion and very comprehensive for investors. Click here for its website.

PS: Sorry for a mistake about Delloyd's cash position earlier if you've read my chats. Thanks Zas.

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