35 cents final dividend 90% won't be changed. It is the special dividend part could be reduced.

But still company having hefty cash level. My guess on their result would be flat or slight down compared to previous.

Yup, sometimes need also stay sideline, not everyday or every week must got 'action' one.
Must also know how to protect your gain.

One has clear mind/head by seeing at the sideline eventually lead to more correct decision being made.

No use one lar, just take good care on your health, sleep early, eat well, rest well.

It is highly contagious like normal flu but it is not high fatality like Sars. Sars is more dangerous. That's why worldwide market don't react much recently to this H1N1 issue, unless it mutated into deadly virus in the future.

Only vaccine can prevent the flu, other none, only through individual immune system.

So don't worry much.

Market is built on fragile goreng sentiment without fundamental backing, any bad news even non-related can spark this kind of panic sell off as contra and intra-day players are desperate to get out.

Just like you see a bunch of flies (punters) surrounding on junk food (goreng stock), anything step over it (any bad news), then all flies fly away like mad. Just like poking a balloon.

No offence.

Next market headwind could be GM potential filing bankruptcy protection.
GM is huge compared to Chrysler, lot of jobs are in stake.

Exercise price is HSI undelying

HSI-C6 22,000
HSI-C7 13,500

Basically you bet on the index of HSI.

Every warrant information can be obtained through KLSE website.

IOI earning drop 93.8% compared to previous year Q due to forex loss and customer defaulting.
From thestar,
IOI financial result has been troubled by forex exchange related issue lately, hedge wrongly, no hedge?
Company didn't provide any details on this issue. Just last time company CFO part the company when the forex issue reported.

Might be a drag on KLCI movement on Monday.

This post has been edited by cherroy: May 16 2009, 03:09 PM

IOI has lot of foreign interest inside while EPF and PNB also hold large chunck of stake, so it is always tug of war when both party are in the market.
Foreign funds generally move in big wave so you see drastic price movement when they move in/out.

I don't know much about the Lion group company, but I don't like its enormous debt it has.

Company agreed to sell its asset and core busines at 41 cents, ended with 46 millions cash + 20% SDE shares (non-listed) ended with no core business which potential under GN3 company.

So basically company management itself see their company valued at 41 cents.

The rest I don't like to comment anymore again.

I am not suggesting anything, as short term goreng wise, any stock can go to any price.

But long term wise, you need basic fundamental to back your share price worth.

This post has been edited by cherroy: May 17 2009, 11:08 AM

Holding more counters has nothing to do with more rewarding. It is just like buying 4D, instead of buying a number you buy 100 hundred number, surely the chance of winning become bigger with hundred number, but the rest could be bleeding more than you gain.

Share price is not something blink blink just like on your computer screen, then suddenly a counter 0.30 can blink blink become 3.50.

Share price is a valuation and people willing to pay for it. Why people willing to pay for that price? Because the company business can generate profit and return to the shareholders.
Why you see some stocks over/after 10-20 years, share price is always up one?
Why you see some stocks after 20 years, still the same or even lower?

Yes, once awhile you see some junk stocks or worthless stock price sky-rcoketing as you said suddenly shoot up. But those who bought or willing to pay the price one is not looking for company profit generated, but they forsee late comers willingness to buy higher than them with no fundamental reason. Harsh word is they see more fool will pay higher price, so they can capitilise on. No offence.

Short term speculation anything can happen.
But long term wise, better study about company history, profitability etc before committing. Some company stocks even hold 20 years also no rewarding one, average on those kind of stocks will only bleed you more.

Cheers.

Another reason, they need people to convert the WB so that the company can raise money through warrant holder exercise their WB at 1.00.
TA can simply take in 470 million of cash through the exercise.

But I don't think new share will have good performance as IPO generally open below indicated price since after last year financial crisis first exploded. My opinion only.

Morning, people talk about 950 or break below 1000, now afternoon people become confidence want to goreng goreng again?

Mood so fast change liao.

You mean yourself as the meat for the lion?

Still FKLI is trading at discount, so still need to be wary a bit.

Singapore export (non-oil) for April down 19% compared to previous year of month figure.
In March export was down 17% compared to previous corresponding period.

Indian market limit up until need to close.

Capital repayment is not dividend, bare in mind.

It is just like you give me 3.80, I give you back 0.98.

That's why knowing the risk before going in is the most important part.

Do not play/goreng/speculate if you cannot afford to lose those money.

Not actually, when seeing profit or loss, you need to see where the profit and loss come from. If losses by steel company largely due to inventory writedown in value, it is still an ok result, as it doesn't affect the cashflow, but if it is operational losses then need to worry.

Among the banking sector, AMMB is the most vulnerable to NPL as everyone knows its loan quality is not that good. At current economy situation, NPL will only have one way to go, ie. up.

P/L result cannot be seen from its surface, you need to dig more into it to see the clearer picture, while market is forwards looking as always.

Having said that, short term wise market has been blind by bullishness and goreng, it can go anywhere.
But over the long term it is the financial result of individual company dictate the footing of their share price.

Market is clueless and directionless as if we said economy is recovering and booming, the answer is no, we have not yet reached that stage, we are in less bad situation, whatever data still show less bad and stabilise, it has not (or yet) turn into positive territory.
If we said economy is deteoriating, the answer is still no, worst situation is passed (seem like).

So market is waiting.


Last time KLSE didn't impose limit down or up on KLCI like current 10%, only individual stock 30%. If there was, then we will had once of limit up , KLCI surged more than 10% once before, during 1998, when KLCI plunged severely time and rebound, I can remember it was during CNY (if not mistaken), saw so many counters limit up across the board especially blue chips somemore.
But there was not something to be happy of because market has loss 70% before having this kind of rebounding or limit up.

Yup, several online site laggy, sometimes can't log in, lot of lag.