Either way I failed to see how oil price and the deal are both can happen positive to Ramunia, should be either one only.

If the Sime deal is signed then Ramunia will sell its entire business to Sime plus liabilities, no longer O&G play.

If the deal doesn't go through, then it is O&G plays.

Don't mean the share won't go up. Just once signed the deal, Ramunia's business will go to Sime already, in return Ramunia has 40 million cash + 20% stake in Sime Engineering (not the listed Sime)

If market goreng due to Ramunia venture into other business etc, then different story.

Today first day new smaller tick system, it gives some impression like buying vegetable in pasar every single cent count, especially those >10.00.

The main intention is to let people to trade more.

As if the price is 10.00/10.10. Somebody might not want to let go at 10.00 and want 10.10 since it means extra 100 buck, but now can sell at 10.08. So in theory, potential more transaction can be made.

But in reality, we see little difference only due to liquidity is not that high in KLSE as well as the number of investors around.

We still see lower volume even on smaller tick system.

Having said that, see nothing wrong on it as well.

This one is more interesting.

Can keep on eye on it, especially market has been running non-stop to the upside.

If they introduce last year, then it will make a lot of money for those buying it.
People will have lot of confidence on warrant then.

Call warrant, let you buy/exercise on a specific price
Put warrant, let you sell/exercise on a specific price

So if a put warrant exercise price is 1.00, the stock sink to 0.50, the put warrant worth 0.50. The more the underlying stock goes down, the more valuable of the put warrant.

Apalah, again premium at 30-40%?

SC/KLSE should do something on call/put warrant issue.

Always issue CW/PW at 30-40% premium where got share price always move more than that degree of amount in 9 months time. (Average life-time of the structured warrant locally). Some more need to trade in the right direction.

Imagine everytime, retailers bought those warrant, always handicapped for 40% at the start while the distance of running is short only with 9 month to a year time.

It is unusual for any stock move more than 30-40% per annum on average.

Want to con, at least must give some sweet first, always con and squeeze retailer dry, where can.

Anything more than around 20% premium, actually it is not worth to trade on as hedge or as investment strategy. (except for intraday or short term contra which is different than the original purpose of warrant),

I don't have the statistic, but we have more than 100-150 CWs being issued previously, I think only a handful are worth something and only a few are higher than the selling price, the rest going down to the drain.

Market already start pricing in some recovery already, that's why we are trading at higher range of PER now, KLSE is around 18x based on few days ago one research house report.

Even in US, some stocks are trading at more than 20x PER in tandem for earning improvement for the coming quarter.

Economy recovery could be a weak one if job market or umemployment situation doesn't improve afterwards.

There is no certainty the recovery must be a strong one.

I would like 50:50, recovery surely got, but the strength of recovery is still a wild card.

The volume is kinda low since last 2 week ago, although CI keep on climbing.

It is a low volume bull which doesn't spread to second liners stock.

Market is eager to suck in money, from right issue (Maybank, Axiata worth 10 billion), pending IOI's right issue, Airasia private placement to overseas HSBC right issue etc, with lot of IPO on the pipeline.

All are taking the rising market opportunity to raise money.

Bull run must take advantage on otherwise if bear come out time, nobody want already.

From potential market armageddon, meltdown, depression, after not more than a year time, people want to have a pinned thread on IPO listing.

Should be same across the world bourses.

I knew a lot of people (local banker help them to purchase) bought Citi during 1x.xx as well (after plunged from 40-50), but they are cursing now.

Choose the wrong stock, even though market recover, your stock might not. This is the classic example we need to choose the right stock. Even market super bull, your stocks doesn't, still at square one.
That's why don't look at indices, look at your own stock. Only look indices if intend to trade on it or buying ETF based on it.

Having said that, the whole world always look at indices to judge on.

Actually if no clue about individual stocks, it is better to invest in indices instead of blindly choose a few stock. You have much better chance of gaining than choosing stocks simply. I fully agfee if want to bet on recovery, buy the index, much simpler way.

You need to consider potential dividend given which will deduct out the share price.

Generous dividend is warrant's poison because warrant exercise price won't be adjusted due to generous dividend, nor warrant will get any dividend.

Any warrant underlying target stock which give dividend should trade at lower premium due to above mentioned reason,


Yup, this one I agree.

When market hit low time, or depressed at low price, no investment house issued or little CW being issued, after market run up and hot again, issue like mad. Eventually most retailers always buy high or having high exercise price on the CW.

Investment houses are not stupid, they won't issue CW when KNM was 0.3x, but they are willing to issue when KNM now is 0.85. Somemore alll issued at 30+% premium means stock price currently need to surge more than 30% in order to breakeven your purchased CW cost in a year time.

For short term quick goreng, different story.

Even if it is a bull trap, any overshoot market can last up to months time before realistic/wake up call kicking in. The gov stimulus money effect can last for months that can hold the market and businesses out there.

The major worry is not in US anymore, focus is shifting to potential China asset bubble.

Market is always undershoot and overshoot on both way.

We undershoot at March, now just a reversed trend only. Previously panic selling, now become panic buying from fund managers as it market rally they drop out, say bye bye to their job or bonuses.

Over the long term, crowded trade is always at the wrong side one. The more people bought or comment on something, the higher chance it is the opposite. Just like when oil was at USD140, all people said it is heading to USD200, nobody even say it will go back to USD70.

So if current market, there are more people pessimistic about the market then higher chance the bull still can go on.
But if current market, there are more people optimistic then higher chance bear is lurking around.

If S&P 500 company EPS drop 30%, then stock market should drop 30% as well. So if previously S&P500 is 1,500, drop 30%, then it is about 1,000, which is current market is trading, seem logical.

Stock price should always go hand in hand with EPS figure.

I don't deny market is hugely overbought and overbought again. But Asian market seems like not following the US market tightly anymore because of concern over-run on short term.

No to say I am optimistic, but one key question remains to reflect the current situation, why cash out and take the money off the table? To keep in FD with zero interest rate? That's the primary reason and situation we are facing now.

You own some good fundamental stock, even they are paying you 3-4% dividend yield, there is no reason for people to cash out unless we see deteoriation in fundamental and economy.

This issue is off the table at current situation, this issue may sound potential if posted on last year end or beginning of the year.

This is OT as well currently.

Axreit shoot 80% from the low, but I don't intend to sell as well, because even at 1.80, it still is a 7-8% yield, so sell it and keep it FD for 2.0-2.5%? Very hard decision to make.

I am not saying which way is a right way or decision to make. Just we can't say the stock has risen 200-300% then it is too expensive to hold already.

Citi drop from 50 to 1.00. But now it is 4.00, shoot up 300% so sell now or not? If after 3-5 years it may go to 7-10, then any selling is seem not wise, or it may not recover at all. Nobody knows, so only clue we can get is company earning.

I made major mistake for short sighter (after posted in BAT thread revived my memory), by selling BAT (Rothmans) which I bought at 18.50 after it surged to 25 or so. Now look back it is a stupid decision because I taught it was rising a lot and make good profit already, so eager to take the profit.

Since then I only sell if I view the economy is going to deteoriate which affecting the company earning, or company earning shows poor result, or fundamental company is not supporting the share price at existing share price level.

I always compared with FD and other alternative investment tools, as you sell your stock, your cash need to park somewhere, right?

Above issue is not applicable for goreng stock, only fundamental good stock.

Just my preference and view, so that make investment life more simple, doesn't mean it is a good strategy though.

Yup.
No one would like to see economy going down to drain.

If economy can prosper, stock price can go even higher from current point.

Investing in share is not look for cheap stock price, but you look for better future which send the stock price even higher from current point which enable you take the opportunity to gain money through better economy.

Just like you don't need to hope to buy Pbbank at 8.00 to buy so that it is cheap. As if economy can grow and Pbbank profit can grow, then it can go to 12.00 or 15.00 which based on its EPS and dividend.
Then there is no point hope to buy at 8.00, you can buy at current 10.00 which you also gain. If hope for 8.00 and never touch, you buy nothing, then economy did turn better, the share price goes to 12.00 which I bought at 10.00 gain liao, and those hope for 8.00 one gain nothing it could be forever never drop back to 8.00.

Don't get me wrong, I don't recommend buying Pbbank at 10.00, just purely stated as example and potential what could happen.

It is same for goreng stock, you don't need to look for cheap price to enter, you enter because its price can go even higher from current point.

Financial market might not received well if there is huge stimulus plan II.

As gov already run at high deficit figure 6-7% already, further more stimulus plan just means more $$ needed, which credit rating of Malaysia could be lowered due to it as well as sustainability issue.

Any stimulus plan should be having impact of creating sustainability growth across, if it is a short term boost then back to square one afterwards, then it is not worthwhile. That's why gov keep mulling on further stimulus plan, they need to see how the previously plan effect first and evaluated from it.

Efficient implementation is one of the most important part of it.

But there is highly likely, the coming budget surely got some plan ahead that aid for economy recovery/growth.

What we need now, is effective and efficiency of the running of the stimulus package.