Thanks for sharing your list, looks like a really diversified portfolio indeed. Personally I watch no more than 10 counters very closely because of time limitations. I quite like AMMB, Guinness and Oriental Holdings myself… Guinness is steady n generates cash, nice dividends for sure but it is not exactly cheap. Oriental is conservatively managed, sitting on a huge cash pile and have little capex requirements, their business will be affected in this downturn but they are in a great position to ride it through. It is cheap but can get cheaper, I’m watching for an opportunity here. One thing to note though is that Oriental is not a liquid stock and funds will find it hard to invest in this stock. TA is also super cheaep but I’m concerned about how they re-invest all that cash pile. There was a good article in TheEdge last week on the steel sector, I understand AnnJoo is saddled with high stock levels while Masteel did well by keeping it low. Not too sure about HapSeng but if you are after plantations exposure, it may be good to wait a bit and see if you can pick up Sime, IOIcorp or KLK for cheap.

I think i have discovered a jem. Timber stocks!!

Almost missed them completely. Read on the net of heavy fall in malaysian timber industry. Analysts favourite is TAANN.

OMG!! this counter is coming down so quick, it is trading at a 10 year low, yet it is a well renowned counter.
97% of its business is with Japan. Ha! no wonder lah. Japanese stock market has been falling steeply, so it reflects on TAANN’s performance.

Larry! what do you think of this counter.

Steel:

(A) ANNJOO

(B) MASTEEL

(C) SOUTHERN STEEL

CEMENT:

(A) LMCEMENT

(B) YTLCEMENT

AUTOS:

(A) ORIENT

(B) UMW

PROPERTIES:

(A) IOIPROP

(B) YTLLAND

(C) SUNCITY

(D) STAREIT (BUNCHED THIS WITH PROPERTIES)

FINANCE:

(A) AMMB

(B) TA ENT

FOOD AND BEVERAGE:

(A) CARLSBERG

(B) GUINESS

(C) MAMEE

(D) APOLLO

PLANTATIONS:

(A) HSPLANT

(B) HAP SENG

OIL & GAS

(A) DIALOG

(B) PETRA

INFRASTRUCTURE:

(A) YTLPOWR-WB

HOPING TO HAVE A LIST OF 30, SO AS TO HAVE A REASONABLY DIVERSIFIED PORTFOLIO.

PLEASE ADVICE.

REGARDS

GURDEV

Thanks for your reply. Reason I am seeking your advice is that as I sift through the fundamentals of many counters on the KLSE using info posted on The STAR website, I am alarmed at the number of counters that are in net debt (liabilities + long term debt that are way more than all assets put together).

Also the countless counters that are “dead” volume wise is astonishing. Therefore the great need for caution.

My favorite all along has been YTLPOWR and warrant B, but with the depreciating pound it is a little shaky these days.

Yes, AMMB looks like a very promising counter, waiting for it to come down some 10 to 20% before moving in.

Once I compile my list, I will post it to you.

Thanks for your feedback. I do read reports from Resesarch Analysts, but to blindly trust them would be foolish! so I usually try to learn as much as I can about a company and its operating landscape, and I do believe looking at its track record and cash flow would reduce risk significantly. Most analysts ignore this part.
Personally I am OK with AMMB and PETDAG, taking a 5 year view. I am still defensive coz the unemployment is on the rise worldwide. Generally I believe our market is still not cheap and palm oil counters have much downside risk. I’m starting to look into REITs in more detail and will publish articles on this soon. Do keep an eye out and feel free to comment on the blog and I will try my best to reply.

It has been very insightful to read your critical analysis of AMMB.
We share something in common, and that is we don’t blindly trust others.Ha! Ha!

I am presently compiling a list of top klse counters for purchase in the event of a market crash.

As I am not trained in this field, would greatly appreciate it, if you could mention your favorite counters.

Thanks

Gurdev Singh