Lowyat.NET: Latest topics by BYS

Does The Performance Of An IPO Depend On Advisers?

BYS — Thu, 28 Apr 2011 00:26:08 +0800

Anyone agree that the IPO performance depend on the strength of its IPO listing advisers? Please share your
thoughts. Thanks.

Based on my quick analysis, concludes that IPOs listed by AmInvest is the best!

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Link to Research on IPO Performance

http://beyondsolutionmalaysia.blogspot.com...-depend-on.html

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Paramount Corporation Berhad - Attractive?

BYS — Thu, 21 Apr 2011 00:03:54 +0800

Using Bloomberg (as of 18 April 2011), based on the following strict criteria:
+ Stocks listed on Bursa Malaysia exchange
+ PE of stock to be relatively less than of its sector average PE
+ PB of stock to be relatively less than of its sector
+ 5 years average PE of the stock < 10
+ 5 years average PB of the stock < 1
+ 1 year EPS growth > average sector 1 year EPS growth
+ 5 years average ROE > average 5 years average ROE of the sector

I found Paramount Corporation Berhad, Yokohoma and UOA REIT.

Do you guys believe that Paramount Corp is overvalued or undervalued? Please share your thoughts here, thanks.

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Visit us at Beyond Solution Malaysia for interesting business insights!

http://beyondsolutionmalaysia.blogspot.com...ion-berhad.html
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Is Malaysian Market Overvalued?

BYS — Wed, 13 Apr 2011 23:27:01 +0800

Do you think guys think the market is currently overvalued?

I do not think so, done quick analysis. Malaysian market seems to be slightly higher than average PE
of other stock exchanges but its average dividend yield is above the average of other stock exchanges.

List of comparable exchanges shown below:
http://beyondsolutionmalaysia.blogspot.com...overvalued.html

Hedging With Negative Beta Stocks

BYS — Wed, 06 Apr 2011 23:49:35 +0800

In finance, the Beta (β) of a stock or portfolio is a number describing the relation of its returns with that of the financial market as a whole.[1]

An asset has a Beta of zero if its returns change independently of changes in the market's returns. A positive beta means that the asset's returns generally follow the market's returns, in the sense that they both tend to be above their respective averages together, or both tend to be below their respective averages together. A negative beta means that the asset's returns generally move opposite the market's returns: one will tend to be above its average when the other is below its average.[2]

Therefore, we can hedge our portfolio risk in falling stock markets by choosing stocks with negative beta. As the market returns will be negative (due to market downturn), stocks with negative beta should theoretically generate positive returns.

The following table is list the of stocks with negative beta, listed on Bursa Malaysia:
http://beyondsolutionmalaysia.blogspot.com...eta-stocks.html

Merger - ECM Libra & Kenanga (The Edge)

BYS — Sat, 02 Apr 2011 16:41:42 +0800

KUALA LUMPUR, April 2 — Investment banks ECM Libra Financial Group and K&N Kenanga Holdings Bhd are exploring a merger, business weekly The Edge reported today, citing unnamed sources.

The report said parties related to the shareholders of both firms were exploring the possibility of ECM being sold to K&N Kenanga.
“Unlike ECM Libra, not all of the substantial shareholders of Kenanga want to exit,” said an industry observer.

The report said ECM’s single largest shareholder Azman Hashim wanted to sell his 23.5 per cent stake in the investment bank.

Azman, who also owns a 16.7 per cent stake in Malaysia’s fifth-largest bank by assets, AMMB Holdings Bhd , recently rejected market talk that he planned to sell his stake in the lender.
ECM, K&N and Azman were not immediately available for comment. — Reuters

Key Observations:
http://beyondsolutionmalaysia.blogspot.com...-ecm-libra.html