Since it's a quiet afternoon, may I ask a question?

Since short-selling is prohibited on the KLSE how did you guys make money during the bear market last year (and the beginning of this?).
To make money during a bear run do you just focus on dividend plays or are there other strategies?

Queuing at 1.87 now

In a note, CIMB Research said it had raised its earnings forecast for Latexx by 20% for financial year ending Dec 2009 (FY09) and some 5% for FY10 and FY11. The earnings upgrade, in turn, led CIMB to increase its fair value for Latexx shares by 5.3% or 13 sen to RM2.56.

“We maintain our outperform recommendation on Latexx, premised on the potential share price trigger of improving quarterly earnings, driven by its high utilisation rates and ongoing expansion,”CIMB said.

Oh!
That's a point....I should round up or down my OSK so that I don't end up with odd lots of OSKVI.....
Is it 5/33 or something like that??
Do you happen to know the ratio?

Got LATEXX at 1.87...

Thank you. So....if I've got 7,000 OSK I need to go to 7260 to get 1100 OSKVI - is it???

Erm....

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Added on August 4, 2009, 3:23 pmCan you 'Goreng' it up for me please, Jason?

This post has been edited by David_Brent: Aug 4 2009, 03:23 PM

Ordinarily, no.
But I have a fetish about rubber gloves...

Tot you were talking about my LATEXX

Yup...just sold my NAIM for 2.41
13.7% profit in 5 days is good enough for me

I know! I know!
I remember what you said....
But hoping to buy back in tomorrow at 2.20 or so......

How far can HARTA go?
Anyone got any idea on a fair value for this counter??

Oooohh...many thanks...

I shall accumulate more

Everything comes to him (or her) who waits....

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Added on August 4, 2009, 7:46 pmIf the EU has repealed the anti-dumping duty on imports of iron or steel tube and pipe fittings originating from Malaysia, then other steel counters should benefit as well......not just Pantech.

This post has been edited by David_Brent: Aug 4 2009, 07:46 PM

I agree. I sold NAIM today at 2.41 because it has had a good run in the last week (+14%). It may continue to rise but if there is a pull back tomorrow or Thursday I shall definitely buy it again to go with my HSL which is showing similar gains.

Not sure about that, Sky. Currently I'm holding Fajar, WCT, HSL and MRCB. Just sold Naim (as I mentioned) but looking to buy back in if it drops back.

I am holding Fajar because I think they have a good chance to get the LCCT job or part of it. Also, I think the directors are making significant efforts to increase the visibility and market liquidity of the stock - so it should attract more interest.

Exactly.

Erm....some people think that a large proportion of Mr. Najib's RM67billion stimulus package (over the next two years) is likely to end up in the pockets of the construction companies - particularly those involved in infra-structure works.

Everyone is entitled to his own opinion so thank you for sharing yours with us

My problem with Plantation/CPO stocks is:

1. Seasonality - price varies Jan-Jun/Jul-Dec
2. ROSPO certification - this will be a huge issue among consumers
3. Competition from Indonesia (world's biggest producer)
4. Growing lobby in user countries against "unsustainable" CPO
5. Price volatility
6. Unwarranted link with CO price
7. No real future for bio-fuels
8. EU/US anti-CPO legislation

Err.....that's it.........

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Added on August 4, 2009, 11:50 pmAbsolutely right!
Zeti is one of the greatest assets this country has......

This post has been edited by David_Brent: Aug 4 2009, 11:50 PM

CPO price.
The other problem with plantation counters is that they do DUMB things - like KLK doing property and owning Crabtree and Evelyn.....