My first purchase of year 2012 is Hartalega....again. Can't find better bet, still opine that Hartalega is attractively priced. Yes, latex price is low compared to months back, however this nothing new to Hartalega. If i not mistaken the current latex price, price of latex glove is almost on par with Hartalega's nitrile glove price. Therefore customer still can choose a better product at similar price. The foundamental of Hartalega is not affected.
My portfolio beat Index for year 2011, however is still below 15% of what i targeted. As i said previously, some times i need a marathon to get satisfactory results. I still stick to what i know better in term of stocks and strategy.
Since every week, paper is publishing stock pick for year 2012 or dragon year, do I have some? Yes, my pick will be Hartalega and Allianz. I also see Jobstreet is attractive at current price although it may be affected if the economy turn bad. No matter how it still a cyclical stock. I also think that celco is able to grow further since there are so many smart phones in the market. Few years back i thought that celco is a mature and saturated industry that purely for dividend play but i think the situation is changing.
I also think that Cypark is in a good industry, landfill management and solar energy however i don't know how reliable of their management. Further more, political issue may affect the company business.
Kossan Treasury Share
3 years ago