Comments on: I gave my Virginity to Maxis – the FIRST stock that I purchased in my life.

By: kkhong

kkhong — Fri, 20 Nov 2009 13:54:41 +0000

ahmootha, how and where u buy maxis share? do u need to be a maxis user?

ahyap, what’s ur opinion about Air Asia share?

By: ahmootha

ahmootha — Mon, 16 Nov 2009 06:07:32 +0000

i just bought the recent maxis share, how to check if we are successful. appreciate advice. thanks.

By: ahyap

ahyap — Wed, 04 Jul 2007 06:23:11 +0000

ICAP is different than normal mutual funds because it is listed in the KLSE. You buy ICAP like you buy any other stock in the KLSE (such as MAYBANK, PBBANK, etc.) ICAP is listed in the newspaper under section close-end fund. There are only 2 close end funds listed in KLSE, the other one, is performing badly and is a shame.

You can know the NAV of ICAP (Net Asset Value) at icapital.biz. It is updated every Wednesday.

The price you paid for ICAP is depending on the supply and demand of the market. If you are buying open-ended mutual fund, you buy from the fund company and you sell to the fund company.

For ICAP, the number of units is fixed. You buy from the ‘market’ who is another guy who already own ICAP stocks. And when you sell, you sell to the ‘market’ – anyone who is interested. So the price will be around NAV. Sometimes higher sometimes lower.

For the last few weeks, it is trading below the NAV (The NAV as of last 27-6-2007 is 1.67) but people are selling at market from 1.60 – 1.66. A good time to buy.

By: kimtoo

kimtoo — Wed, 04 Jul 2007 06:16:13 +0000

what is the minimum amount of RM one needs to dole out to buy ICAP closed-ended fund?

By: april

april — Mon, 14 May 2007 21:10:50 +0000

Erhm.. my blog has been fixed. Yeps, I was aware that it has been hacked. Damn cacat. haha..

With limited $$$ and also news, I heard that the stock market will crash somewhere next month . I will wait until July only decide plus need to settle down with a jobless life first. Recently got skinned by my father for having addicted to share market. haha!! I bought Genting and it came down since then. Kek sei me.

By: soufulow

soufulow — Mon, 14 May 2007 15:33:06 +0000

Agree, especially for stocks in Msia. example? look at transmile.

By: Boyboycute

Boyboycute — Mon, 14 May 2007 06:41:33 +0000

Please beware of financial statement manipulation.Do double check on stock which posts beautiful EPS or insane growth.

By: soufulow

soufulow — Mon, 14 May 2007 05:04:52 +0000

April,
You said you are looking for long term investment but i feel that your mindset is more to traders style, which is short to medium term.
ICAP at its peak shouldn’t cause you any dillemma. If it does, then does it means that if a stock is in its valley and has negative NAV sounds like a good investment then? If you are trying to look into long term (and in value investing), fundamentals considerations like business earnings, industry long term trends, and margin of safety are the necessary consideration.
Just my few cents… and hey, your blog got hacked by hackers when i followed your link at http://www.aprilng.net.

By: ahyap

ahyap — Fri, 11 May 2007 07:20:31 +0000

Many people have problem with these, when they saw a stock at its peak, they are afraid because they compare it with the wrong thing, they compare it with the ‘past’ so it look like it is very expensive. However, price doesn’t equal to value. A stock selling at its peak at RM100 might still be undervalue while a stock selling for RM0.15 might be overvalue.

Tan Teng Boo has a paid newsletter and ratings for stock, he rate his own ICAP – ‘Buy Below RM1.78′. If you are holding it for long run (10 years+) you can buy now. And it doesn’t matter if it falls to RM1.50 or what. If that happens, we buy MORE. But it takes a long time for people to ‘tune’ in to this kind of investing philosophy. Everyone wants quick money.

By: april

april — Fri, 11 May 2007 04:30:19 +0000

Currently ICAP is at its peak wor. dilema again. Should I wait until the share market drop then only buy leh? Confirm will drop one within this year.. kekekeke…