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They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

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What do these stocks have in common?

Thursday, August 15, 2013

Which stocks am I referring to?

1. Marco Polo Marine
2. Yongnam Holdings Limited
3. AIMS AMP Cap Industrial REIT
4. Asian Pay Television Trust
5. Saizen Real Estate Inv Trust

They have all been upgraded by Maybank Kim Eng to 100% valuation in their list of marginable stocks.

Own any other stocks shown in the photo?


Gary said...

I owned some shares in Marco Polo Marine and Yongnam. What does 100% valuation mean?

AK71 said...

Hi Gary,

They basically assign a grade to stocks which they allow as collaterals. Clients can get up to 3.5x the valuations to get financing to buy stocks.

How the grading process works, I have no idea but, intuitively, a valuation from the brokerage probably means that they believe that is a realistic value of the stock based on a set of conditions.

JCK said...

"What do these stocks have in common?"

AK owns them ALL! ;)

AK71 said...


I certainly wasn't expecting this answer. You good! ;p

SG Young Investment said...

Haha, all the good stocks that AK has written on his blog before.

AK, you can be a financial analyst now ;)

AK71 said...

Hi SG Young Investment,

Er... I am somewhat more realistic about my abilities. I am definitely not good enough. I just like to talk to myself here in my blog. :)

Dividend Warrior said...

I am surprised to see that Rickmers got upgraded....

-_____- "

AK71 said...

Hi DW,

Well, I am not all that familiar with Rickmers but I know there are bloggers and analysts who think this shipping trust is rather well run. I think they could be right. :)

ken ken said...

Hi Ak

i have buying yongnam at a high price.
Do you think i should continue accumulate or sell it all as it keep dropping now ?

AK71 said...

Hi ken ken,

I won't advise what you should do. I am not supposed to. ;)

If I were in your shoes, I would examine the reason for investing in Yongnam in the first instance. Is that reason still valid?

Did I overpay for Yongnam back then? If I were to buy Yongnam now, would I be overpaying? If Yongnam's price is fair now, why would I want to sell at a fair price? Should I not look at buying more?

We want to buy at prices we don't want to sell at and sell at prices we don't want to buy at. :)

opal said...

Bought some APTV today at 82.5 cts.

AK71 said...

Hi opal,

A 10% yielder at that price, I believe. :)

I am keeping my powder dry for now.

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