RHB Research released its Monthly Stock Watch Publication 2 days ago. It took quite a while to download as the file size was more than 13MB.
The research report is a summary of RHB Research’s views of the Bursa Malaysia stocks they cover. It’s quite an extensive list and I’m sure you’ll find some of your favorite Bursa stocks in there. (more…)
I’ve been holding Petronas Dagangan Bhd (PETDAG) shares for a few years now. PETDAG has been a stable performer in my portfolio. While it has not shot up as much as other Bursa Malaysia blue chip stocks over the last year, it also didn’t drop as much during the October 2008 market crash.
Seeing that it is going ex-dividend in early August, I decided to buy a few more shares. Much of Petronas Dagangan business is captive business. I believe it has a strong defensive “moat”, the type that Warren Buffett would be pleased with.
Looks like another controversy for Genting Group.
Its cash cow Genting Malaysia Berhad (previously Resorts World) saw almost RM1 billion wiped off its market value today as it announced the proposed acquisition of Genting Singapore PLC’s UK casino businesses for RM340 million. When will all the inter company and related party type transactions ever end?