Hi. Before this, i have been discussing and sharing the way to earn some income through internet. Now i would like to move one step further and discuss about my investment in the malaysia stock market. I will display and share with you all the stock that i picked and the stock that i am holding right now.

First of all, i start with the share that i just bought this morning at around 10 am. Let me have a brief explanation about this company first.

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GROUP BUISNESS
Cable & Wire
The LEADER Group (or 'the Group') is the largest cable & wire producer in Malaysia and South East Asia. In Malaysia, the name “LEADER” is synonymous with the cable and wire industry. The Group has been involved in the cable business for more than 30 years producing an extensive range of telecommunication cables such as copper and optical fibre cables, bare conductors and XLPE and PVC insulated power cables from low, medium to high voltage as well as upstream products such as copper and aluminium rods and wires.

Power Generation
The Group’s involvement in this sector of business started in 1994 when it signed the 1st Power Purchase Agreement for the 1st Independent Power Producer (IPP) plant in Cambodia to build-operate-transfer a 35MW diesel engine power plant in Phnom Penh. With our success, expertise and good track record, the Group was able to secure a 2nd IPP project in Cambodia. On 27 March 2008, LEADER signed the 2nd Power Purchase Agreement, this time to build-operate-own a 200MW coal fired power plant in the port of Sihanoukville.

Property Development
The Group’s involvement in property development began in the late 80’s. It has to date developed several major projects located mainly in Penang. These projects consist of residential, commercial or mix development ranging from shop lots, retail units, terraces houses, bungalows, condominiums and super condominiums. The business has progressively scaled down due to reduced land bank that the Group now owns.

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Now we go to some serious stuff, that is what makes me to choose this share at this current bearish market??
1. I always tell myself to only choose company which has a solid fundamental. The recent bull market has actually resulted in bunches of share which are undervalued. Leader is among one of those share that has been oversold by the market. This share has been in the watch list of some major stock broking company such as OSK, Standard & Poor’s , JF Apex Securities Bhd, ZJ Advisory and so on. Yeah, you can say that most of the time, those analysist are just bullshit. You are rite and i agree with you, but i pick up this share not because those analyst from the asshole, it is because i believe in the big potential of the company myself.

2. I have checked through the data of the company and i found nth wrong with its fundamental. its revenue and profit has been rising for the past several years. Refer to the figure below.

3. the third reason will be the simplest reason. That is this share is quite cheap. With the current price earning ration of only 4.01, it is extremely undervalued due to the recent selldown. I interpret the recent sell down as irrational as this share has minor exposure to the political uncertainty and hike in the oil price.

4. Political uncertainty does not affect this share. This company major in producing electric and telephone cable. Even if our government happened to be taken over by the opposition, TNB still need to build more transmission line to support the growth of the country. Some more, this share has no relation to the rulling party, party barisan nasional.

5. TM proceed with their high speed broadband plan which costs several billions. This means they need billions ringgit of telephone and broadband cable. Again, this is going to benefit leader as Leader Universal is the largest cable producing company not only in malaysia, but also in asean.

6. A good company is not good enough if it is not expanding. Leader is currently expanding into vietnam in power generation industry. Currently, Leader own a 35-megawatt fuel oil fired diesel engine power plant in vietnam. The more exciting thing is that Leader has also signed its 2nd Power Purchase Agreement, this time to build-operate-own a 200MW coal fired power plant in the port of Sihanoukville in Cambodia. LEADER is continuing to lead the joint venture company in all the works leading to the financial close for the project.

FORGING AHEAD
With much experience and expertise accumulated over the years, LEADER is ready to replicate our success in Cambodia to more power plants in the region and elsewhere. With in-house capability to assess, model, develop and run power plants as our forte, we are definitely gearing up for more challenging quests having made our mark as the first Malaysian developer of an overseas IPP.--Quoted from Leader Universal Webpage.

Now just wait and see whether i have made a wise decision or a bad decision. Stay Tune!!!!