Horizon.my

Following from the previous post, we have created an FBM KLCI Table which shows you the weighted market cap of the 30 eligible counters.

It looks like Public Bank overtook Bumiputra Commerce today as the top dog in FBM KLCI.

Check out this screen shot from last week:

Similar share price and similar number of issued shares! Neck to neck competition! Of course the other company with around 3.5 billion issued shares is TM.

I notice some large stocks have hardly moved in the current rally (eg. IOI Corp Hong Leong Bank, Affin, YTL Power).

Talk about Petronas-linked companies (PETDAG, PETGAS, MISC) loosing out on the FBM KLCI shuffle may be just that only… TALK. It’s almost as if there is some sort of share price control mechanism in place. The share price is what the mighty one wants it to be. A double-edge sword indeed.

REITs are looking good, with solid follow-through buying support. And many of them are still trading well below NTA. July to August is distribution time, eg. STAREIT (half-yearly), TWRREIT (half-yearly), QCAPITA (half-yearly), ATRIUM (quarterly) UOA REIT (half-yearly) and AXREIT.

One of my favorite investment style is to invest in higher yielding stuff 1-2 months before dividend time. For example if you invest in a REIT yielding 9% that distributes income half yearly, you are almost getting three distributions (ie, close to 15% yield) in the first year.

That’s almost as good as what banks charge you on your credit card. See… anyone can be Ah Long haha!