The prices of the previous two stock pick remained pretty depressed due to the turmoil in the stock market as a result of the oil prices (Don’t say I didn’t warn you!). SMRT definitely did better than Comfort Delgro, maybe due to the fact that it is proposing a one time dividend of 6 cts per share in the coming AGM on 11 July.
Anyway, if you are looking at some good companies for a longer term investment, then these two new picks do look quite good on the charts. But as the title says, it’s the Idiot’s pick, so don’t blame me if you lose money or if it went the same way as the previous two.
Golden Agri – registered double profit as a result of high palm oil price. It is currently trading at relatively low PE, and industry outlook remain positive as demand in palm oil remains strong.
RH Energy – orders are currently picking up. With the current high oil prices, it is expected to see more oil exploration activity and the business potential is good.