A SESDAQ Gem...Yaan!

I challenge the reader to find a company which has only 61m shares in issue, listed on the hottest segment of one of the hottest markets in the hottest space in the investment universe- emerging markets.

Additionally, 38.9m of its shares are held by insider directors. Furthermore, these people have increased their already large stakes by 400,000 shares over the past three months.

There's only one reason why director-cum-insiders buy their own shares - to MAKE MONEY!

The company's name? Yaan Security Tech listed on the SGX.






















Studying the figures, this company's stock is undervalued even at today's closing(and incidentally, it's IPO price) of 21c.

I have already entered at 19.5c but added to my position at 21c today because I am very confident this stock will run very soon.

With a strong belief that the effective free float of this company is only 22m shares, I think that the only sellers are those have been holding to the IPO shares since the company's listing in May '05.

To put it in perspective, based on today's closing, one can theoretically sell their penthouse in Ardmore Park or a penthouse in one of the new developments in Marina to buy up this company, with cash left to spare.

On Bursa, I entered YTLE at 23c and was rewarded with a further rise to 24.5c at the close. Other stocks I nibbled at were BJToto, NSTP, Utusan(the latter two of the failed merger fame), Eng at a wonderfully low price of 1.90 and Kuchai at RM1.23.

Only a handful of gainers emerged in my existing portfolio, led by Courts(+6.2%) and BJCorp(+3.3%).Sumatec held steady after recent hefty gains.PacMas ,however, dropped over 4%.

In S'pore, I bought more Yaan(as mentioned), DMX, Datacraft, Autron, Zhongguo Powerplus and the newly- listed ChinaSunMEReCW070808 at 12.5c.