Monday, February 10, 2020

Sold Gamuda-WE

I have sold Gamuda-WE. Obviously it was at a loss as the construction sector has changed fundamentally since the change of government.


Overall, the total portfolio has to be re-visited at not much due to the corona virus as this is an uncontrollable event but because of the change of government - which is a controllable event. Hence, the danger in Malaysia is not an event which is not controllable but the biggest danger in Malaysia is people.

Anyway, Genting and Genting Malaysia (despite whatever it is) now seem interesting as it has dropped because of much fear rather than true fundamentals.

9 comments:

fy said...

How's about Ekovest and WCEHB fundamental? Will it be affected as well due to this sudden changing of Government? Thanks for your advice!

felicity said...

i think these stocks are safer bet due corona. think politics not affecting this

Jeffrey8568 said...

Would you consider topping up WCEHB at current value 25¢?

felicity said...

Yup sure. why not

Fabwon said...

hi, did u bought any stocks during this sell-off?

felicity said...

Not really. nibble a little bit

Business Loan said...
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Antonio said...

Felicity, I would love to see your opinion on AirAsia given the current situation. right in the middle of their massive turnover expansion strategy + asset-light strategy, this Covid seems particularly painful and untimely. I really wonder if this might not have cut their wings for a significant time ahead.

felicity said...

Hi Antonio

It is hard to see how bad the impact is to Airasia as compared to other airlines. For sure, in terms of cash (not cashflow), Airasia is the strongest as it was lucky to have sold most of the planes. As at 31 Dec2019, it was having literally no debt. No other airlines are in that position. However the COVID-19 position is really creating difficulties to all airlines. None is spared.

The best thing for Airasia is that it is the strongest balance sheet against all airlines. The bad part is that it is a private company, as for the rest like SIA, Thai Airways, they are government backed.