Eddy said:
My Portfolio B individual investments losses ranged from 29% to almost 40%. Portfolio B loss is at 33% level.
IPower's trading volume volatility were exceptionally high recently with some million shares involved in off market deals. Looking forward for announcements.
Goldman's stake in Pelikan stood at 8%+ and reducing. Tabung Haji already obtained 30%+ of the Pelikan. Drastic drop of the share price makes privatization and other corporate exerciseS easier if that's what in their minds.
While the Malaysia's government still hypnotizing itself the possible 5% GDP growth in 2009, many of the Asian countries already panicking about recessions and taking more pro-active measures to reduce the possible economic damages. So far, yet no useful actions being taken by BNM.
Like I mentioned in the earlier Portfolio post, the worser the situation in the shortest possible period of time the better we shall see the recovery. Dragging and bragging is NOT the way to go.
Regarding IOICorp involvement in derivatives trading, it's just a common corporate risk management practice to reduce volatility risks if they don't use it as a gambling instruments. But the situation seems so deteriorating that many of the top financial officers in the company resigned, it really put up the impressions of a gambling practice at the back.
AirAsia, Genting and Maybank are highly likely to be in trouble with their skewed level of debts and wrongly timed investments.
Who's said our real property sector is not a busting bubble? We shall see.
Lastly, DIGI and BAT are among counters not YET hitted by the turbulence. Careful, global market risks are not something that can be diverted.
I have added a Crude Oil Price dashboard on the right of this blog for easy access.
Happy Deepavali.
Transaction Costs are excluded.
1600 unit of Pelikan
Avg Buy Price = RM 2.47, Market Price = RM1.57, Unrealized Gains/(Losses) = (RM1440)
16000 unit of IPower
Avg Buy Price = RM0.190, Market Price = RM0.135, Unrealized Gains/(Losses) = (RM880)
Realized Profit/(Loss)
1. Uchitec (RM340)
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