This is the statement. I don't know the exact details.

OK I get it now.
They write off the accumulated losses through capital reduction on Par value

Normally, company will propose Rm0.20 left par value being aggregreated become RM1.00 back through 5:1 share reduction to make it back to RM1 par value. But on this they left it at RM0.20 par value so no shares reduction involved.

Because they want to buy more banks again.

http://biz.thestar.com.my/news/story.asp?f...58&sec=business

No lah, Cina, India, Malay = 1Malaysia bank.

Danger danger (alarm ringing), people start talk about buying warrant already.
and barber talk about Saag.

You can become editor of finance section of newspaper.

We have all template across from UMA enquiry to its answer, as well as market daily report.

CW is a joke, like ATM machine for investment houses (which withdraw from retailer account)

Market low time, issue put warrant
Market high time, issue call warrant

All with 30%+ premium, how to play everytime retailers handicapped 30% to the investment houses.

The issue of peak oil has been talking since 10 years ago, until now we haven't seen it, may be last year when oil peak around USD150, it might have a case, but with recession kick in, it plunged as deep as USD40, it just showed that peak oil is speculated, instead of real supply shortage to meet the demand.

Do remember, as society progress with emphasis of green technology, car become more fuel efficient as well as if oil price too high, it prompt other alternative resource to be used. We have various alternative resources like bio-diesel, ethanol, nuclear (for electric car) etc to replace the oil, if oil price forcing them to use.

Actually alternative resources are dictated by oil price, if oil price stay at current and low point, there is little incentive for people to introduced those alternative resources.

Also, the real demand of oil is not the real actual price right now. At current USD70, there is some % buyers are speculators, as well as those fund managers are buying (if you have bought some resources UT that invest in crude oil trade, then some of your money is actually buying oil as well!), the buying force in oil market is not solely from real demand at current situation how oil is traded.

How come no UMA from KLSE?

Bought some peanut on Daiman.

tak ala so high

10 cents/1.49 = 6.7%

after tax 5.025% only

Do not use interim dividend as judgement.

You need to use consistently yearly dividend for computation and have better picture.

Yearly,
Tanjong dividend is 90 cents
Axreit DPU is around 16 cents

Axreit is having higher dividend yield at current situation, because Axreit give all its profit as dividend (which reit must give 90%), while Tanjong is not giving full of its profit as dividend.

Front page stocks all are below 0.50, except a few like KNM still all are penny stocks.

We are penny stock market.

If RM going to fast, it will hurt exporters. Do remember, bulk of export is E&E, (electrical and electronic product) which is sensitive to pricing. If RM appreciate too much, it means Malaysia product become more expensive and will drive importer to source alternative place.

Malaysia gov earning, 50% is come from O&G, but not on export side, it is 2 different things. See the export figure breakdown will explain it all.

Malaysia economy rely heavily on E&E and export orientated product which is one of the main driving force and job provider in the countries.

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Added on October 14, 2009, 12:39 amForeign reserves increment depended on trade surplus as well as capital inflow.

As we know, there is only a few foreign participant in local stock market, so there is little inflow of capital which can result in surge of foreign reserves.

Foreign reserves doesn't represent the strength of economy recovery or not.

In fact, if domestic demand is strong, you will see foreign reserves dipping because local people have strong purchasing power to buy goods from overseas i.e. import a lot resulted a trade deficit, which happened before 1997 crisis. Since after 1997, Malaysia and Asian region countries never has a trade deficit.

Having said that, trade deficit is not good for the currency. But too high trade surplus also not good, as it just means you rely heavily on export, while your domestic demand is weak, i.e. your people have low purchasing power in other word, your people earn little.


This post has been edited by cherroy: Oct 14 2009, 12:39 AM

China has trillion of foreign currency reserves in USD. While USD has tiny foreign currency reserves (they don't need to have at all, because want USD? print it! it is their own currency)
US has negligible foreign currency reserves, which is much lower than Malaysia, because foreign currency reserves is not applicable for US and useless as every trade (with US) in the world is about USD.

But US economy is stronger and 3x larger than China due to its internal strength ie. domestic/consumer demand which make the countries economy strong.

A good and strength of economy come from balancing on both side, either one will means something is not right.


Btw,
One way to track whether foreign fund is entering KLSE or not can through BNM foreign currency reserves as well.
If there is huge inflow, you will see some jump up in foreign currency reserves figure.

Dj future up because of Intel better than expected earning which is 35 cents vs 28 cents.

Gold price never surge (instead it is dropping for them) in the eye of Japanese and Aussie people. That's the reason why gold price continue to go up, because it is cheaper than before for some.

Haha, may be they mixed up the 1:2 ratio, so 5 cents x 2 = 10 cents.

Reference price for the like WA etc (which oftern being seen at 0.005) also puzzling sometimes.

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Added on October 14, 2009, 10:09 amCan check with Bloomberg, CNBC and those financial related media, which is a good source of those information.

Intel is DJ 30 stock components

This post has been edited by cherroy: Oct 14 2009, 10:09 AM

Just watch one? 3A, triple A stock.

Don't recommend anything, just watch nia for some exciting scene.

Dual listing which is quite common nowadays.

You lower your expectation then the result will be seen better or fantastic.

Its Q earning is as same as last year Q actually 35 cents. Just expectation or guidance being lowered to 28 cents previously, so getting 35 cents become like fantastic news.