Signing in for Version 28D - or is it Version 28C

This post has been edited by David_Brent: Jun 19 2009, 01:29 PM

Hope so.
My week was dreadful. I have saved my capital - but all my gains for the last month gone.
I need to know when to sell.
Monday, my MKLand was nearly 2K up - today it is barely 0.3K up.

I need to know how to control the itchy finger.
Buying at the wrong price is a very difficult problem to recover from.
Failing to sell at the right time is even worse.

I am so sorry...I hope your trading next week will help you to recover.
Going up the counters produce nice gains but the drops are vicious and it's so depressing seeing your gains or your capital evaporate.
Best of luck to you and all our fellow posters on here.

Wah! So many experts on here and so many predictions.

Guess they must all be making so much money since all are so smart

Nah.
Hartalega.
Anything else is secondary.

Wow!

There is an old saying:

"Misery loves company"

So many posters on here want to keep company with misery.

Makes them 'feel better'

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Added on June 23, 2009, 1:13 am

maybe change your nick to "Doomcake"?

We're doomed! All doomed!!

This post has been edited by David_Brent: Jun 23 2009, 01:13 AM

'if there is a time n place where "once in a lifetime opportunity" could be used... this is the time n malaysia is one of the places - without a shadow of a doubt'

Absolutely right - couldn't agree more.

I have total confidence in the counters in my portfolio; total confidence in my own judgement; total confidence in Malaysia as a home for my money.

And what is more - I also have the time (and lots of spare cash) to prove me right and guarantee me handsome long-term returns in the equities I have selected.

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Added on June 23, 2009, 1:21 amNew nick for our friend and co-poster: "Doomcake"

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Added on June 23, 2009, 1:23 amWish I had listened to your warning. You must be so smart.

This post has been edited by David_Brent: Jun 23 2009, 01:23 AM

Anyhow DOW looks like gonna hit the -200 mark soon. Tomorrow all of us might have stocks that open 2% cheaper.

No problem

Unless you believe in TEOTWAWKI - where's the problem??

Piggy Sneeze will benefit the gloves only - IMHO.
The stocks you want to buy are GSK (Tamiflu) Roche or Merck.
Problem in Malaysia is no drug companies (well - not legal, investible ones ) and drugs distribution is controlled by the 'conglomerates'.

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Added on June 23, 2009, 1:43 am"Misery LOVES company"
QED

This post has been edited by David_Brent: Jun 23 2009, 01:43 AM

At last - a voice of sanity....
Adam is back to save us!
With his crystal ball(s)

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Added on June 23, 2009, 1:47 amPiggy Sneeze is a total diversionary tactic dreamed up by the G20 to divert idiots from the real issues.
Completely agree with this co-poster.
Well said.

This post has been edited by David_Brent: Jun 23 2009, 01:47 AM

Doomed.......we're all doomed - I tell ye...............DOOMED....................

Why don't the World Bank just keep their opinions to themselves instead of rocking the boat.
It's their bloody interference caused all the red the last few days, IMHO.

Anyway: Now for the good news.
KUALA LUMPUR: AmResearch Sdn Bhd has raised its fair value for the Kuala Lumpur Composite Index (KLCI) to 1,190 points from 1,050 points by rolling over the valuation base into 2010 on a price-earnings (PE) ratio of 15 times, saying that the next leg up would be accompanied by a rebound in earnings, set against a healthy liquidity backdrop.

At a rebound of 17% in 2010, the KLCI's earnings were expected to expand by more than two times its trend-average earnings growth rate of 7% post 1998-Asian crisis, it said.

The key risk was renewed concern over inflation with an associated upturn in interest rate cycle, putting an end to net liquidity creation.

"This risk, however, is not expected to be material in the next six to nine months," it added.

AmResearch noted that the two themes for 2010 would be infrastructure spending and reflation.

"Recession should end by 4Q09 but cyclical transition towards recovery may be a fragile progression as exports are still contracting — though at a slower pace.

"Faster return to growth must be anchored by domestic demand via a resurgence of public spending. To ensure continuity, we expect the administration under Prime Minister Datuk Seri Najib Razak to accelerate infrastructure spending as cornerstone for growth in 2010," it said.

Recent liberalisation of steel manufacturing licences and reduction in import duties hinted of an imminent roll-out of large infrastructure projects, it said.

AmResearch said after rebounding 26% off the lows in March 2009, the KLCI was now negotiating a mid-cycle correction.

"We continue to like reflation trades — oil and gas (O&G), plantation, property and steel — given demand kicker from improved prospects of an economic recovery, a weak US dollar and ample liquidity," it said.

AmResearch said its top 10 buys were IJM Corporation Bhd, Gamuda Bhd, Ann Joo Resources Bhd, IJM Land Bhd, SapuraCrest Petroleum Bhd, Kencana Petroleum Bhd, IOI Corporation Bhd, Bumiputra-Commerce Holdings Bhd and Malaysian Bulk Carriers Bhd.

Sectorally, AmResearch said construction would deliver the strongest earnings growth of 75% in 2010, anchored by the earnings growth at Gamuda and WCT.

The research house expects earnings turnaround for the automotive sector in 2010.

"After a steep contraction of 56% in 2009, we are forecasting earnings for the auto sector to rebound strongly by 62% in 2010. We forecast a 43% earnings growth for UMW Holdings and expect Proton to return to the black at a forecast RM83 million net profit for FY11 (YE March) versus net loss of RM69 million in FY10F," it said.

On the banking sector, AmResearch expects earnings to rebound by 15% in 2010 after a 7% fall in 2009.

It retained its overweight call on commodities, particularly plantation and O&G, as it was positive on plantations given that demand from China would improve, underpinned by the festive period in 3Q09.

It said rising crude oil prices had resulted in biodiesel being attractive again, adding that this, coupled with government mandates for green fuel, would help absorb any rise in soybean or corn inventory in the US.

On the property sector, AmResearch said residential demand was returning with buying interest boosted by the low upfront entry costs embedded in the various deferred downpayment and interest-free programmes on offer from developers.

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Added on June 24, 2009, 1:17 amLike O & G

This post has been edited by David_Brent: Jun 24 2009, 01:17 AM

TP should be around 7.80 on their expected earnings

Read Mark Learn and Inwardly Digest:

OSK Research Sdn Bhd has maintained its buy call on Top Glove Corporation Bhd at RM6.50 with higher target price of RM7.40 (previously RM5.55) and said the company's 3Q09 results were above its expectation, mainly attributed to the additional buying by its customers who had kept minimal inventory, plus cost efficiency and forex gains.

"We are upgrading our FY09-10 earnings by 14%-23% in view of the improving economic outlook, which will spur demand for non-medical gloves," it said.

The research house said the 3QFY09 annualised results were within consensus but above its expectations, making up 80% and 82% of the FY09 forecasts respectively.

It said Top Glove and its peers had not lowered the selling prices on all glove ranges despite lower natural gas prices (down from RM22.06 per mmBTU to RM15 per mmBTU), as natural gas makes up about 7% of Top Glove's total cost.

"With the better revenue combined with cost efficiency and forex gain, its 3QFY09 net profit of RM42.2 million jumped 17.1% quarter-on-quarter while EBITDA margin rose by 1.2 percentage points to 18.9%, mainly contributed by the sales of a higher margin product mix," it said.

"Finally, both the 9MFY09 revenue and net profit improved by 9% and 35% respectively, thanks to higher utilisation rates and a better sales mix. Top Glove has 19 factories (13 in Malaysia, four in Thailand and two in China) with 355 production lines that produce 31.5 billion pieces of gloves per annum. We understand that its utilisation rate averages 70%-80%."

My beautiful MKLand rising from the dead and clawing it's way back up the cliff....

I think that wanting to strengthen the dollar is the least of their worries.....

I bought Fajar - but at the wrong price
Anyone else on this train?

Very low volume isn't it.
Wish Tan Sri Lim was a bit more generous with the divvy - tight-fisted old **********

What do you supect is going on?
Any conspiracy theory?