oh thanks for the advise.

still scanning...

we better go back to stock market chat otherwise it will become hardware & software Q&A liao

One moment later, you will find another article saying that the economy is GOOD, its recovering!!!!

Then two more days... you will find another 1 saying that the economy is actually still BAD...

LOL..

some reading for those that interested in Maybulk...

DJ MARKET TALK: CS Keeps Maybulk At Underperform; MYR2.10 Target

--------------------------------------------------------------------------------



0719 GMT [Dow Jones] STOCK CALL: Credit Suisse maintains Maybulk (5077.KU) at Underperform, but raises target price to MYR2.10 from MYR2.00 after upgrading FY09 and FY10 BDI forecasts by 37%, 33% to 2,400, 2,000, respectively to reflect stronger year-to-date freight rates, demand recovery in 2010. Still, warns "Maybulk's operating outlook remains poor, as newbuild vessel deliveries could put downward pressure on the BDI." Notes share price strongly correlated with BDI, with correlation coefficient of 0.8. Says stock trading at 19X FY10E P/E, above valuations of market (15X), peers (9X-15X). Shares last +1.9% at MYR3.23. (PVA)

so boring.... regional all red......!!! maybe today CI might close red also......

Economy is a bit stall on its recovery.

If compare last year, surely it is good.
But we are a bit stalling on improvement. But does mean thing turns bad. Stalling is not equal to bad. Just no more further improvement at the moment which is the likely picture of current situation.

So you have comment saying recovery, things are good because compared to recession figure, but with recent data of stalling sign because without employment situation turn better, it is very difficult for economy to run at full speed,

consumer confidence dipping
export figure stagnant
unemployment still at worry state, company is squezzing out more from existing workforce so better profit for company, eventually reflect in stock price (the source of recent rally), but cautious in hiring.
cpo stock pile become high again
petrol/gasoline margin being squeezed signal real demand of petrol has not picked up back, but crude oil going up due to speculation. Crude oil price now is not reflecting the real demand because lot of fund/hedge fund managers treat it as investment/hedging/speculation tool already, petrol/gasoline is a better picture of demand.

This post has been edited by cherroy: Nov 17 2009, 04:48 PM

The economy is on the route to recovery.
However, the stock market tends to recover faster than the momentum of actual macro economy.

my portfolio is bleeding non-stop for a month. sighhhhh.. on a brighter note, my stocks in HK is performing well. Gonna swift most of my $$ from KLSE to HKSE.

The issue is whether stock market goes too far ahead or not. Some stocks are trading at high teen number PER based on current and immediate earning ecpectation. If not FD and other investment gives almost zero interest/return, it is very hard to justify to have PER more than 20. (assume stock market bull run continue)

Do remember, cuurent better situation has a lot to do with China trllion of stimulus money, 700 billion from US, even Malaysia pumping a few ten billion, so does UK, Australia, almost every countries got stimulus package across.

The important aspect how the stimulus can pass the barton to private sector to lead the growth, which is up to anyone guess.

i noticed 7158-LR's price today paces up and down at 0.025 and 0.030
Here's the question, let say if i bought this stock at 0.025 at 500 lots and sold it at 0.03 (ignore the brokage fees and so)

bought at --> 0.025 x 50,000 = 1250
sold at --> 0.03 x 50,000 = 1500
which mean i made a profit of amount RM 250 ??

p/s: 1) i noticed the buy rates tend to be more at price 0.030, does that mean the buyers tend to buy it at higher price?
2) I read the announcement made by the company regarding the issuing of irredeemable convertable secured loan stocks, is this the one ?

Im kinda confused..perhaps anyone can explain, thanks =)

Sorry to interrupt, btw.. -.-"

This post has been edited by glengoh: Nov 17 2009, 05:02 PM

my portfolio vomit blood like nobody's business for november..... how to invest in HKSE?? or STI??

---

Added on November 17, 2009, 5:05 pmfuyoh, CI managed to close green again, but this time CIMB is not the culprit???????

This post has been edited by Neon_: Nov 17 2009, 05:05 PM

rm250 - commission/fee incurred = net profit.

1) technically yes but doesn't mean it will go up
2) yes

Another day where CI green green and yet our portfolio red red

lol raised a miserable 10 sens target.

more (bad) news on LCL

7177 LCL LCL CORPORATION BHD
SETTLEMENT AGREEMENT

SETTLEMENT AGREEMENT BETWEEN MARINA BAY SANDS PTE LTD AND LCL FURNITURE(S) PTE
LTD
INTRODUCTION
LCL Corporation Berhad ("LCL") wishes to announce that its wholly-owned
subsidiary in Singapore, LCL Furniture(S) Pte Ltd ("LCLS") has on 16 November
2009, entered into a Settlement Agreement with Marina Bay Sands Pte Ltd ("MBS")
wherein the parties hereto have mutually agreed to the termination of the
appointment of LCLS as the Trade Contractor for the design,supply, delivery,
construction and completion of all interior fit-out works in relation to
Contract Package No. 5214, 5215 & 5216 totalling SGD43.1 million ( equivalent
to RM103.4 million) referred to as the " Marina Project". Details of the
Marina Project were previously announced on 11 March 2009 ( Ref:
LC-090311-56634)
The employment of LCLS as the Trade Contractor was terminated with
retrospective effect from 13 November 2009 and the total settlement sum
amounted to SGD1,858,053 pertaining to the final account as set out in the
Settlement Agreement shall be due and payable to the LCLS in accordance
thereto.
RATIONALE
The rationale for the termination was due to inconceivable differences arising
from financial commitments with MBS which had led to the mutual termination of
the Letter Of Acceptance dated 9 March 2009.
EFFECTS OF THE TERMINATION
The termination will not have any material effect on the earnings per share,
net assets per share and gearing of LCL for the financial year ending 31
December 2009 as the Marina Project is currently at its preliminary stage of
work .
STATEMENT BY THE BOARD OF DIRECTORS
The Board of Directors of LCL is of the opinion that the termination is in the
best interest of LCL Group as per the rationale above.

okay thanks cherroy..

yea i got wat u meant but why ppl would go for 0.03 since 0.025 is transacting ? because of the queue ?? somehow i tot it is not worth buying at 0.03 as the price change is a big scale. -.-

This post has been edited by glengoh: Nov 17 2009, 05:23 PM

wow Topglove is giving special divvy.

final dividen 18%
single tier special dividend 12%

congratz Topglove shareholders

Wah!

More divvy coming.....
Topglove dividend policy was pretty mean in the past - about time they opened the wallet.....

3 hours never monitor CI really turned red... =|

wahh congrats Topglove holders..

---

suddenly all the sh*t from LCL starts to float already.... bad news coming one after another...

This post has been edited by mopster: Nov 17 2009, 05:31 PM

Yes, too large Q sometimes prompt people to buy at seller side for those eager to have/buy one.

i have the same feeling too, no more stingy, maybe company making big bucks

let's hope the samething would happen on our supermax~!