It is popularly known that when penny stocks come into play, the end of the bull market is near. However, I am still not worried at this stage yet, because markets will have a little bit more room to run. But by 13 April Friday, I will be out of all my trading Long positions.
In fact, I am already out of ICBC (Industrial & Commercial Bank of China) @ 5.47 for a 29% gain, held for 2 months.
Should markets correct, I will continue to use the opportunity to long , but this time round, I may add some pennies.
The watchlist, as recommended by Maybank
Stock
|
Last Price
|
PER
Current
|
PER
Forward
|
P/BV
|
Yield
|
Ausgroup
|
0.405
|
na
|
na
|
1.0
|
na
|
Broadway
|
0.39
|
17.7
|
6.4
|
0.7
|
4.6
|
China MingZhong
|
1.01
|
4.2
|
3.2
|
1.0
|
0.0
|
Eratat
|
0.155
|
2.2
|
2.1
|
0.6
|
4.5
|
Lian Beng
|
0.385
|
3.7
|
3.4
|
1.0
|
4.4
|
Li Heng
|
0.166
|
na
|
na
|
0.4
|
na
|
Mercator
|
0.18
|
7.1
|
14.2
|
0.5
|
7.0
|
Midas
|
0.405
|
12.1
|
10.4
|
0.8
|
2.5
|
Pacific Andes
|
0.255
|
6.3
|
5.5
|
0.6
|
4.4
|
Raffles Education
|
0.495
|
21.5
|
29.1
|
0.8
|
2.8
|
I will also be looking at Genting, since it has not really moved much during the Jan run-up.
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