KINV

Buy @ $3.09

xd today (Div = 12.5ct) and dropped 15ct. But, STI -32 @ 2962 and many stocks were sold down. Buy some first to replenish my collection. May drop more tomorrow, now glad I sold so aggressively last week! Seller CP = CLSA.

Buy @ $3.24.

I was in the Q @ $3.25 and got done lower at 5pm matching. No, not my usual Jump-Q routine. I wanted to buy back some as I got carried away and sold till I was left with only 1/3 of original holdings. Will still trade if the opportunity arises. 😀

Sell @ $3.26.

Quite reluctant to sell as they'd been lots of positive news lately of their various new orders. But, as xd date (23-Apr) approaches, am also afraid of a huge drop of more than Div = 12.5ct if history repeats. STI is bullish @ 3001, +15 makes me even more reluctant to sell. But, have to remind myself PE = 18.98 ; Yield = 4.74% is no longer that attractive unless I start to view it as a Growth Stock. Will likely switch to SIA Engg.

Can see a battle on-going between 1-lot buyer and seller, with the seller being more aggressive at this point. Buyer CP = CSFB, Macquarie.

 

1:55PM

Sell @ $3.30. My magic is working again. The moment I sell, it shoots up! I'm clearing my most expensive ones @ $3.266 (Buy on 7-Feb-11) first. In this way, I can consider to buy back the moment it drops to ~$3.26! Buyer CP – DMG.

 

5:05PM

Sell @ $3.29. Tried to Jump-Q for more $3.30 sales but the Q dropped at the last minute of matching. After the earlier $3.30 sell, prices weakened to ~$3.28 and that's what made me decide to sell more.. Buyer CP – UOBKH. Looks like the 'ang-mo' CP driven buy up is sucking in the local CP ones.

One possible explanation for the buy up is that with the better EPS for FY11, even the current PE of ~19 is still 'cheap' compared to the last 2 years' average of 20-21. If so, then there may be more room to run till $3.5x! PE was even higher at 24 during FY05 – FY07.

For me, take profit first. Let others make the extra 5% – 10%. I buy back again when it drops or if it doesn't, I switch to others which offers me min. 5% Yield.

The final tally for today – sold 2/3 of my holdings. I'm ok to hold the balance or to sell. I'm also open to start buying back at $3.26 based on my accounting recognition of selling the most expensive ones today ie. $3.266, $3.24, $3.215 + the cheapest ones $2.79.