28 August 2013
EWM - iShares MSCI Malaysia ETF
Started to accumulate stock index ETF - EWM (iShares MSCI Malaysia ETF) at US$14.03 per unit on 27 Aug 2013.
Reasons
PE at 16.1, a little bit expensive; Price NAV ratio at 1.01, fair value; 5-year high at about 17, paid price 14.03 is not too cheap at 82.05% of it;
An intermediate correction from historical high of 17 to 13.88 in the form of three waves ABC likely close to completion;
Daily chart RSI 14 is about 20.11, oversold;
MACD also at oversold area, below or close to 1 year, 2 years, 5 years low.
I'm almost in cash position, it is time to begin to accumulate by probing buy for expected technical rebound.
Basic Information on EWM - iShares MSCI Malaysia ETF
Top 10 Holdings (52.53% of Total Assets)
Company Symbol % Assets
Malayan Banking Berhad 1155 9.67
CIMB Group Holdings Bhd 1023 7.84
Sime Darby Bhd 4197 5.72
Tenaga Nasional Berhad 5347 5.52
Genting Bhd 3182 4.49
Petronas Chemicals Group Bhd 5183 4.14
PUBLIC BANK LOCAL PBLOF 4.08
Axiata Group Bhd 6888 3.87
Digi.com Bhd 6947 3.63
Maxis Bhd 6012 3.57
Ratio
Average Price/Earnings 16.13
Average Price/Book 1.79
Average Price/Sales 2.24
Average Price/Cashflow 5.66
Reasons
PE at 16.1, a little bit expensive; Price NAV ratio at 1.01, fair value; 5-year high at about 17, paid price 14.03 is not too cheap at 82.05% of it;
An intermediate correction from historical high of 17 to 13.88 in the form of three waves ABC likely close to completion;
Daily chart RSI 14 is about 20.11, oversold;
MACD also at oversold area, below or close to 1 year, 2 years, 5 years low.
I'm almost in cash position, it is time to begin to accumulate by probing buy for expected technical rebound.
Basic Information on EWM - iShares MSCI Malaysia ETF
Top 10 Holdings (52.53% of Total Assets)
Company Symbol % Assets
Malayan Banking Berhad 1155 9.67
CIMB Group Holdings Bhd 1023 7.84
Sime Darby Bhd 4197 5.72
Tenaga Nasional Berhad 5347 5.52
Genting Bhd 3182 4.49
Petronas Chemicals Group Bhd 5183 4.14
PUBLIC BANK LOCAL PBLOF 4.08
Axiata Group Bhd 6888 3.87
Digi.com Bhd 6947 3.63
Maxis Bhd 6012 3.57
Ratio
Average Price/Earnings 16.13
Average Price/Book 1.79
Average Price/Sales 2.24
Average Price/Cashflow 5.66
Labels: ETF, Live Trading Records, plan
