ONLINE STORE - salvadordali
Malaysia-Finance
by SalvadorDali
3w ago
  Do visit the online store for products created by salvadordali the blogger. Here are a few of the items available. https://salvadordali.clickasnap.shop/ https://salvadordali.clickasnap.shop ..read more
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Johor/Forest City/SG Theme Play
Malaysia-Finance
by SalvadorDali
6M ago
 I have written quite a bit on the said theme. Once you are convinced of a thematic play... it is best to use the "channel tunnel trading range" or swing trade. Pick the ones with the most beta and liquidity that suits your risk profile. Today is Friday 13th .... look at Catalyst#6 ... on October 17th is a critical coupon payment of USD15 million that Country Gardens need to pay. That sum has already been given a 30 day grace period. So take that information to your trading strategy and act accordingly. On the other hand, the upcoming Budget by PM may offer further positive newsflow to th ..read more
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Best Omakase In Town - Sushi Foo
Malaysia-Finance
by SalvadorDali
6M ago
  Have been following Chef Foo for some time now. Used to operate next to Pavillion Bukit Jalil but that shop opened at the same time when Covid started, so his business partner did not manage to hold on to the business. Now he has come full circle, with more equity, his own personal place. For omakase, it is an overused term and concept. You are only getting produce the chef has ordered, so his links to suppliers (esp from Japan) is critical. Good Japanese food is not cheap. That is why I don't get hung up with celebrity Japanese chefs. Next time you have an omakase or go to a f ..read more
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The Country Garden Factor In Forest City Revitalisation Plan
Malaysia-Finance
by SalvadorDali
7M ago
Forest City is a US100bn project. Country Garden supposedly holds a 60% stake with the rest by Esplanade Danga 88 (held by Johor state interest and the Sultan of Johor. CG missed two coupon payments totaling US22.5m last month. - Resale prices have plummeted. Units were launched and sold in 2020 for around RM1,200psf. The resale market is being done at around RM500-550psf currently. - The venture envisages accommodating 700000 residents in waterfront apartment towers on four man-made islands spanning 30 sq km (11.6 square miles) between Malaysia and Singapore. Only 9,000 people live in Fo ..read more
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Property Rally - Something Bigger Or Just A Wet Fuse?
Malaysia-Finance
by SalvadorDali
7M ago
The local stocks have been in the doldrums for the longest time. We are talking of at least 4-5 years with the exception of a big run on glove stocks during the pandemic. The market is huge and it takes a lot of factors to collide for it to mushroom into a full-blooded bull market. Malaysia has one of the highest GDP/market capitalization of stock exchange companies in the WORLD. Please wrap that around your finger. We are talking of 80 odd percent of local GDP. Every time a company starts to make RM4-6m a year, investment bankers will start shadowing those companies and groom them ..read more
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Most Deep Value Stock On Bursa?
Malaysia-Finance
by SalvadorDali
7M ago
 KSL just announced its last quarterly. It was spectacular, well not just last quarter, look at the last 5 quarters. While many property companies have been suffering, KSL has been thriving, buying land cheap, diligently adding value, ... recently opening the biggest mall in Klang, the Esplanade quietly. Apa lagi lu mau...?? Look at the NTA: RM3.33 ... current share price is around RM1.00. They have been conserving cash by not paying dividends since 2015, and wisely so as to push through the difficult years for property counters. EPS: 25.11 P/E:3.64 NTA: 3.33 Net cash company w ..read more
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Gold Reserves / GDP - Implications
Malaysia-Finance
by SalvadorDali
8M ago
  One can easily tabulate countries with the largest gold reserves but it is meaningless unless it is expressed as a benchmark against a relevant factor. GDP, or rather nominal GDP is a useful benchmark. It is the value of all goods and services from a country, with no taking into account the differing cost of living in other countries. The caveat here is that China's gold reserves are actually closer to 4,000 metric tons according to many experts' newsletters. There have been too many big "unknown" transactions over the past 2 years that can only be linked to China, even ..read more
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The Relevance of Research In Financial Markets
Malaysia-Finance
by SalvadorDali
8M ago
 In a nutshell, research in financial markets should be taken with a gargantuan truckload of salt. Recently, there's been a massive contradicting research recommendation on Mr. DIY. One house calling a SELL with a target price of RM1.29 (Affin Hwang) ... Maybank was bullish calling a BUY with a target price of RM2.40. This is expected in research in financial markets, be it stocks or interest rate movements, or economic growth predictions. Differing predictions stem from different ASSUMPTIONS on key factors. Even when these assumptions on key factors are similar, there is a nuanced emphas ..read more
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Malaysian REITs ... Beauty Contest
Malaysia-Finance
by SalvadorDali
8M ago
A friend asked me about Malaysian REITs... they all look so cheap. What gives. Looking at the above table there are only 5 REITS that trades at its NAV or higher: AME, Atrium, Axis, IGB, and Sunway. If you look at Price to Book, i.e. discount to NAV, many trade between 40%-70% discount to NAV. How should we view such investments? Discount Trap/Value Trap Most REITs do trade at a discount, that's a given, but an acceptable discount should only be between 5%-15%, anything more implies there's something more that we have missed out. Potential Factors Driving Discounts: a) an envi ..read more
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Fed, Interest Rate Differentials, The De-Dollarisation - What Gives
Malaysia-Finance
by SalvadorDali
8M ago
  The Federal Reserve finally bit the bullet and hiked rates to a target range of 5.25-5.5%, the highest in 22 years. What does that mean? Firstly, we are all lucky that there's Jerome Powell, has the political will, intellect, and the balls to do that. If it was a Trump presidency, he would have sacked him and appointed a stooge who would have stopped raising the rate at 4.5% and wouldn't have been "allowed" to raise rates further. The inflationary cycle has to be curtailed this time around because it all stemmed from the over-exuberance printing by the USA when they haven't even recti ..read more
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