2008-Jan 投资终结

Genting RM7.40 购入1000units；
31-Jan-2008 股价为RM7.30；
股息RM219.00
回酬0.12%

Resorts RM3.78 购入1000units；
31-Jan-2008 股价为 RM3.90；
回酬1.65%

Tenaga RM9.40 购入1000units；
31-Jan-2008 股价为 RM9.15；
股息RM120.62
回酬-2.83%

Dlady RM12.50 购入500units；
31-Jan-2008 股价为 RM12.50；
回酬-1.49%

Shell RM11.10 购入500units；
31-Jan-2008 股价为 RM11.10；
回酬-1.49%

总回酬-1.14%
问自己，这算投资失败吗？
也许。。。
但回头看看，一月份的大马股市
托美国的“福”，大起又大落
不亏超过10%，我也该偷笑了吧？

虽然前阵子股市大平卖，但我仍决定静观其变

原因一：子弹不够

原因二：已开始不看好今年的市，迟些打算抽回部分资金，转投高股息的蓝筹

07年投资终结[Aug~Dec]

Genting RM7.40 购入1000units；
31-Dec-2007 股价为RM7.90；
回酬5.18%
股息RM219.00

Resorts RM3.78 购入1000units；
31-Dec-2007 股价为 RM3.88；
回酬1.13%

Tenaga RM9.40 购入1000units；
31-Dec-2007 股价为 RM9.60；
回酬0.62%

Dlady RM12.50 购入500units；
31-Dec-2007 股价为 RM12.70；
回酬0.09%

Shell RM11.10 购入500units；
31-Dec-2007 股价为 RM11.30；
回酬0.29%

放长线钓大鱼。。。

投资。。。再续

进场了
26-Dec Dlady RM12.50 购入500 unit
26-Dec Shell RM11.10 购入500 unit
待2007年的最后一天，再来总结账。

投资路程

投资，始于2002年。
FTEC的创伤，还历历在目。
云顶与大众的见好就收，令我错失良机。
到了2006年，我才开始活跃于投资股票。
幸亏，家人和女友都不反对我的决定。
总括来说，到2007年为止。。。投资的旅程，还真是如覆薄冰。
不得不失，是个总结。
曾经因CW而大赚，但因二月份和八月份的股市受挫，CW也成了我的致命伤。
痛定思痛之后，决定不再沾手CW了。
CW回酬虽大，但风险更高！
若不是在其他一些蓝筹股有斩获，相信战况会更惨不忍睹。
2007-Aug, 是我投资生涯的一个转折点。
我目前的投资组合
24-Aug 购入Genting 1000 unit RM7.40
27-Aug 购入Resorts 1000unit RM3.78
11-Oct 购入Tenaga 1000unit RM9.40
购入Genting 和Resorts，是因为看好其前景及其管理层。
国能，则是因为已触年度低点。
但若论回酬和股息，我看好DLady和Shell。
DLady，其ROE有着很标青的平均回酬。
从10-Y的14% 到3-Y的25%，其回酬时可获得保证的。
EPS的成长率，也从10-Y的23%增加至3-Y的67%
而2006年的DPS,也有正63仙。蛮不错的！
哈哈，说到尾。。。只是希望将来孩子可以喝免费的牛奶。
至于Shell,其平均回酬也真令人赞赏。
是10-Y的19% 到3-Y的28%。
EPS的成长率，确是难以作准。
原因，该是石油的价格起落不定，影响其年度盈余。
不过其高DPS和低PE,足以让我勇敢一试!
购入点，有待决定。。。

Follow d Phil's Way??

For previous few days, I keep on studying the way of how Phil choosing d rite share. The piority is ROE average, then follow by NTA growth, EPS growth, Revenue growth and Cash in hand growth. Off course, to me... DPS also a very important point. As the more I understand bout financial freedom, the more I believe that putting money in FD is not a smart choice. I rather choose a good fundamental share with high DPS, thought the share's price wont fluctuate a lot, but at least I can get a high pay dividend frm it. I start believing long term investment. By studying the share in detail, keeps me away frm those high PE share. Those high PE share, are those share that falls sharply when d big bear near. I notice few gd share by using above method. Later will have it posted.

Divedend Yield

Dividend yield

From Wikipedia, the free encyclopedia

The dividend yield on a company stock is the company's annual dividend payments divided by its market cap, or the dividend per share divided by the price per share. It is often expressed as a percentage.
Unlike preferred stock, there is no stipulated dividend for common stock. Instead, dividends paid to holders of common stock are set by management, usually in relation to the company's earnings. There is no guarantee that future dividends will match past dividends or even be paid at all. Due to the difficulty in accurately forecasting future dividends, the most commonly-cited figure for dividend yield is the current yield which is calculated using the following formula:

For example, take a company which paid dividends totalling $1 last year and whose shares currently sell for $20. Its dividend yield would be calculated as follows:

ROE

Return on equity

From Wikipedia, the free encyclopedia



Return on Equity (ROE, Return on average common equity, return on net worth) measures the rate of return on the ownership interest (shareholders' equity) of the common stock owners. ROE is viewed as one of the most important financial ratios. It measures a firm's efficiency at generating profits from every dollar of net assets (assets minus liabilities), and shows how well a company uses investment dollars to generate earnings growth. ROE is equal to a fiscal year's net income (after preferred stock dividends but before common stock dividends) divided by total equity (excluding preferred shares), expressed as a percentage.


But not all high-ROE companies make good investments. Some industries have high ROE because they require no assets, such as consulting firms. Other industries require large infrastructure builds before they generate a penny of profit, such as oil refiners. You cannot conclude that consulting firms are better investments than refiners just because of their ROE. Generally, capital-intensive businesses have high barriers to entry, which limit competition. But high-ROE firms with small asset bases have lower barriers to entry. Thus, such firms face more business risk because competitors can replicate their success without having to obtain much outside funding. As with many financial ratios, ROE is best used to compare companies in the same industry.

P/E ratio

P/E ratio

From Wikipedia, the free encyclopedia

The P/E ratio (price-to-earnings ratio) of a stock (also called its "earnings multiple", or simply "multiple", "P/E", or "PE") is a measure of the price paid for a share relative to the income or profit earned by the firm per share. A higher P/E ratio means that investors are paying more for each unit of income. It is a valuation ratio included in other financial ratios. The reciprocal of the P/E ratio is known as the earnings yield.
The price per share (numerator) is the market price of a single share of the stock. The earnings per share (denominator) is the net income of the company for the most recent 12 month period, divided by number of shares outstanding. The earnings per share (EPS) used can also be the "diluted EPS" or the "comprehensive EPS".

For example, if stock A is trading at $24 and the earnings per share for the most recent 12 month period is $3, then stock A has a P/E ratio of 24/3 or 8. Put another way, the purchaser of stock A is paying $8 for every dollar of earnings. Companies with losses (negative earnings) or no profit have an undefined P/E ratio (usually shown as Not applicable or "N/A"); sometimes, however, a negative P/E ratio may be shown.
By comparing price and earnings per share for a company, one can analyze the market's stock valuation of a company and its shares relative to the income the company is actually generating. Investors can use the P/E ratio to compare the value of stocks: if one stock has a P/E twice that of another stock, all things being equal, it is a less attractive investment. Companies are rarely equal, however, and comparisons between industries, countries, and time periods may be misleading.