Are 2nd & 3rd string M'sian equities too cheap to ignore?

 

Beyond 5 Years : Pasdec Realizes the 5 Full Calendar Years Dream !!! {31st Dec 25}

 

The 'impossible' materializes!!! Pahang property player Pasdec, which rewarded great timing in '14, '16 & '21, breaks the tape at the 2025 finish line as scorer #115 to conquer the FIVE Full Calendar Years milestone on the final day of an extremely challenging year, mowing down another hugely improbable barrier!!!The 4 longest runs, adding up to exactly 2,000 market days or almost 5.5 years' worth, bracket the company's intermittent contributions...The current marathon has contributed $325,269.37 so far & the past 13 Centurion years has furnished $739,327.05 !

Beyond 5 Years : Sawafuji 澤藤電機 Motors the Record 🎌 Earnings AND Marathon Streak Forward on the LAST Trading Day in 🎌 !!! {30th Dec 25}

 

My solotakeover target in '25, Sawafuji Electric 澤藤電機, delivers a pair of rounds in EXITing & motoring the record to within ONE day of a most unbelievably improbable 5 full calendar years of stock trading income! Also 4 out of the last 4 market days from as the stock re-takes the baton from KOSÉコーセーwho took it from Sanken サンケン電気 , who in turn made the changeover from the saviour du jour on the 26th. Two records are broken: the number of Japanese winners in a single year reaches an unprecedented 46 while the highest ¥ earnings stand 8.08% above '23's high & 19.34% higher than last year's take. The 2025 closing prices of both prior scorers compared to their exit points add up to a ¥33,900 surplus: icing on the cake of my 1,348 consecutive day trading income achievement, on top of the Top 2 marathons adding up to 1,810 days, itself nearly 5 years' worth!!!

Beyond 5 Years : KOSÉコーセーTakes the 🎌 Record to DOUBLE '23's old High tally & 6% Above its Earnings zenith in '25 !!! {29th Dec 25}

 

Two records are re-written : doubling the old pinnacletally of '23 & hoisting the income 6% higher than the peak of 2 years prior, with KOSÉ joining fellow cosmetics player Shiseido in my winners circle on ex-dividend day : #113 since '17 & #114 in '25!

It's almost a No-Brainer to Buy Poh Kong Now!

 

I have been mystified throughout 2025 about why the price of jeweler, goldsmith & merchant Poh Kong has not tracked the price of the soaring yellow metal. Quarterly net profit has increased 6-fold since 2020 & 3-fold since 2012, yet the stock has barely doubled since 5 years & 13 years ago. Revenue outpaced this price growth somewhat by more than doubling since those two years, & dividend quantum per share has doubled since 2012 so these measures are more understandable in explaining this lack of animal spirits in the shares. However, book value, which includes the company's inventories of gold and silver, which are both rocketing in US$ terms, has soared $1.11 since 2020 & $1.57 since 2012 while the stock has only added 53c & 69c since those years respectively.

In local $ terms, the bafflement is even more stark with the gold price per ounce at around $18,500 now versus an average of $7,606 in '20 & $5,713 in '12. Silver has of course rocketed 163% since its '20 peak & is 59% above its late '11 zenith. Probabilistically, both shiny metals look like they are near a steeple top formation that was seen in 1980 & 2011 given the magnitude & stunning speed of the recent rises and this is perhaps why the two remaining local listed jewelers' prices have barely registered these appreciations in '25 [the most recent high was $1.35 in May '24 when gold was around US$2,300 an ounce]. In '12, Poh Kong belatedly rose 68% the year after gold peaked, so perhaps one can expect a more sparkling share price next year! 

On the technical chart, the MACD crossovers [ indicated in green diamonds] have a 90% accuracy in predicting price rises & bolstered by the intactness of the major uptrend line, points to a target of at least $1.60 by 1Q '26. The major downtrend line in place since its record high of $1.80 in Aug '20 seems to have been broken & minor ones seem to be pointing to at least $1.28-1.35 in the near term. 

The 2026 dividend yield is currently at a decent 2.5%, slightly inferior to the risk-free rate.

Beyond 5 Years : Sanken Electric サンケン電気 Takes the Baton to another Record 🎌 Earnings mark in '25 after Christmas !!! {26th Dec 25}

 

A day after the worldwide X'mas market break & 2 days after finally besting 2023's highest ever earnings, Sanken Denki サンケン電気 , a speculative purchase on Nov 13th while I attended the annual shareholder meeting of winner #84 Sime Darby , brings the tally to within ONE stock of doubling the old record of 23, #45 of '25 also becoming the 112nd in 101 months & the 113th overall this year! ¥ earnings also stand 3.7% above the aforementioned '23 high watermark & 14,5% above last year's earnings!

Beyond 5 Years : Takeover target Sawafuji Denki 澤藤電機 Achieves Record 🎌 Earnings in '25 before Christmas !!! {24th Dec 25}

Despite doubling thetally from '24, it's only on Christmas Eve that '25 finally surpasses '23's recordearnings, thanks to Sawafuji Electric 澤藤電機, a 117-year-old outfit that will be delisted on a takeover, my TENTH one since '19 on the 76th Anniversary of its listing...the Hino associate thus becomes the 44th/111th contributor in '25/since '17 to motor the high watermark forward!!! With 3 Japanese takeovers last year, '25 thus avoids a complete whitewash just a week before the calendar year closes out ! Merry Christmas from Japan to Me!