Yup.
Wish those guys would focus on their stock price and stop patting each other on the back....

Let us hope OSK will fly to RM2. Btw

On behalf of the Board, OSK wishes to announce that the Board has determined the final basis of distribution for the Proposed Distribution in the following manner – five (5) OSKVI Shares for every thirty three (33) OSKH Shares held on the entitlement date to be determined and announced in due course.

Is this good? or Bad?

Well...it's good....
Innit?

Have a lot of non related stocks. Example OSKProp. Sien

Today's newsletter:


From: godwin.chan@osk.com.my
To: godwin.chan@osk.com.my
Subject: Daily newsletter Aug 3 2009 - The return of the bear?
Date: Mon, 3 Aug 2009 10:32:18 +0800

Good morning,



It’s a new month and traders are wondering if the bull can sustain the huge rally. The answer is very possible, and most likely that DOW AND SPX will REACH NEW HIGHS base on the following reason:

For the first time, the WEEKLY SPX chart, the 10 sma cut above 50 sma. PLEASE be aware that this CROSS OVER means a huge deal especially for the bulls.



As for FBM KLCI, the probability of reaching 1200 is ever growing due to the fact that WEEKLY we are MAKING higher LOWS and HIGHER HIGHS! PLEASE NOTE THIS!



Recommendation:

Buy on dips, as long as 1150 holds.



S1 1150

S2 1130

S1 1100



R1 1182

R2: 1200

R3: 1220



As for now, the writing is on the wall for the bear. Maybe its time to call this bear rally as a fresh new bull market.

Well...that's the problem they have, isn't it?
They can't really make much money from their core business - so they look to diversify and create share-holder value through land-banking/property. It's a hugely unimaginative thing to do - but what do you expect from a bank and from those who work there??

TA is trying to do the same thing now by splitting their property arm off and saying they are going to buy hotels.

Very sad commentary - if you think about it - that these people can't find anything better to 'invest' in than property......

Not exactly rocket science - is it??

This post has been edited by David_Brent: Aug 3 2009, 10:52 PM

SPX tops 1000 for the first time since November 5th.

not good idea actually, I can have a company with a core business and give out non-listed company share?--- > not solid base case for holding my money.

Sorry OSK, unless all the related companies are listed, I may buy OSK

Not sure I understand but - just to clarify:
I wasn't saying it was a good idea - and anyway, it doesn't stop me holding quite a substantial percentage of my portfolio in OSK shares

Big retreat coming soon....

Do you mean KLCI...btw DOW is slowly moving south now

eh i didnt receive it via email one?

Just to share something:

U.S. Stocks Rise, S&P 500 Tops 1,000 for First Time Since Nov.

By Matt Townsend

Aug. 3 (Bloomberg) -- U.S. stocks rose, sending the Standard & Poor’s 500 Index above 1,000 for the first time since November, on growing speculation the recession may be ending and an unexpected profit at Europe’s biggest bank. Oil and metals advanced, while Treasuries fell.

Equities extended gains as reports on manufacturing and construction spending topped forecasts. Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc. rallied after HSBC Holdings Plc reported first-half net income of $3.35 billion as earnings from its securities unit doubled. Ford Motor Co. jumped 8.8 percent after a government incentive program helped it achieve its first monthly U.S. sales increase since 2007.

The S&P 500 added 1.4 percent to 1,001.55 at 10:32 a.m. in New York. The Dow Jones Industrial Average rallied 113.97 points, or 1.2 percent, to 9,285.58 and the Nasdaq Composite Index increased 1.1 percent to 2,000.42.

“Earnings in some sectors have been rebounding nicely,” said Eric Teal, who oversees $5 billion as chief investment officer at First Citizens Bank in Raleigh, North Carolina. “What we need are some confirming economic data to indicate the recovery is sustainable and is on a path toward growth in the third and fourth quarters.”

The S&P 500 topped 1,000 for the first time in nine months after better-than-expected profits helped restore $3.7 trillion to U.S. stock markets since March.

Office Depot Inc., Genworth Financial Inc. and Fifth Third Bancorp. rallied sevenfold or more since the benchmark index for American equities fell to a 12-year low of 676.53 on March 9. They were among 16 companies that lost more than 90 percent after the gauge last closed above 1,000 on Nov. 4.

Flirting With 1,000

The S&P 500 remains 36 percent below its all-time high of 1,565.15 on Oct. 9, 2007. Before November, the index traded above 1,000 for five years.

Profits that surpassed analysts’ estimates at a record percentage of S&P 500 companies helped push the index to its fifth consecutive monthly gain in July. The index has risen 48 percent since March 9, its steepest advance since the 1930s, according to data compiled by Bloomberg.

Former Federal Reserve Chairman Alan Greenspan said in an interview yesterday on ABC’s “This Week” program that U.S. economic growth may resume at a rate faster than most economists forecast.

“We may very well have 2.5 percent in the current quarter,” Greenspan said in the interview. “The reason is there has been such an extraordinarily high rate of inventory liquidation that the production levels are well under consumption.”

Banks Gain

Bank of America, the largest U.S. lender, gained 3.4 percent to $15.29. New York-based Citigroup rallied 1.9 percent to $3.23. Barclays Plc joined HSBC in rallying in London after reporting earnings. Barclays jumped to a 10-month high after saying earnings at its investment bank increased to 1.05 billion pounds ($1.8 billion), helped by the thaw in credit markets since its September purchase of Lehman Brothers Holdings Inc.’s North American unit.

Ford gained 8.8 percent to $8.70 after saying it will have its first monthly U.S. sales increase since 2007 as the government’s “cash-for-clunkers” incentives boosted industrywide deliveries of new vehicles to the highest levels of this year.

http://www.bloomberg.com/apps/news?pid=206...id=aNkOcvHTM3UA

This would be explained tomorrow. As for now i am enjoying my tea and english muffins.

---

Added on August 3, 2009, 11:49 pmDue to the overwhelming requests for my newsletter and my assitance, i will try to remember who is who and sometimes forgot to add the new emails to the list.



This post has been edited by AdamG1981: Aug 3 2009, 11:49 PM

Oh man.. the USD is getting crushed.

Is ok can add me when you free? joe0088@gmail.com

I wouldn't think that the strength (or otherwise) of the USD was high on the Fed's list of priorities right now
Unless China decides to focus their attention

Up again and still going strong.

Yes

---

Added on August 4, 2009, 12:17 amYes

This post has been edited by dilla: Aug 4 2009, 12:17 AM

That's true. US Fed just wants the economy to mend and don't want the dollar to tank to banana money.
But, their massive printing action is causing it to go down more. I think they may need to raise interest rates soon.
China is also worrying about their Treasury holdings and if they decided to switch, it will cause further decay.

One thing I'm not sure..why the YEN remains strong here. Maybe Japanese govt not printing as much?

As for our Ringgit...<sigh> even with unpegged level since last year and when our economy at its highest
and USD tanking to the lowest, our Ringgit still hasn't appreciate back to pre-1997 yet.
It is dissappointing to see our purchasing power remains so low.