very red

take note that result is coming soon... i'm just monitoring.. no action

divvy reduce coz EPS reduced.. last year they paid almost 82% of net profit as divvy.. thats very generous imo..
and this year 1H EPS is already as good as last year's full year EPS.. so i believe divvy payout will be better..

maybe they'll declare a 4c divvy this qtr and 4c next qtr.. total to 8c.. 6.2% gross yield..

Something is better than nothing

Finance ministers from the G-20 will work next year on a system to assess the path of global current-account imbalances, German Chancellor Angela Merkel told reporters in Seoul, where she attended a summit of the leaders of the world’s largest developed and emerging economies. The G-20 are scheduled to release a joint statement later today.

A U.S. government official said the meeting also produced a consensus that exchange-rate changes are to happen gradually. The American official, speaking to reporters on condition of anonymity, said the U.S. was encouraged by progress on the Chinese currency. The International Monetary Fund can help referee the debate over lopsided trade flows, the official also said.

http://www.bloomberg.com/news/2010-11-12/g...imbalances.html

Jason,

Here's rhbs take on paramon.


Attached File(s)
 paramount_by_rhb.pdf ( 92.39k ) Number of downloads: 35

and genting singapore downgraded .

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Added on November 12, 2010, 1:03 pmFry kau2 on listing again I guess.

Petronas Chemicals Institutional IPO Priced At MYR5.20/Share - Source




KUALA LUMPUR (Dow Jones)--Petronas Chemicals Group Bhd. has priced the institutional portion of its initial share sale at MYR5.20, which is at the higher end of its guidance of between MYR4.50 and MYR5.20, a person familiar with the matter said Friday.

This means that Malaysia's biggest petrochemicals producer by volume will raise MYR12.9 billion ($4.17 billion), making it Southeast Asia's largest ever IPO, eclipsing that of Maxis Bhd. (6012.KU), which raised MYR11.2 billion last November.

"The institutional portion was priced at the top end of the range, MYR 5.20," the person said.

Petronas Chemicals is selling a total of 2.48 billion shares, 72% of which are new shares with 28% from parent Petroliam Nasional Bhd. Proceeds raised will be used to expand the business and for synergistic growth acquisitions.

Malaysian pension funds The Employees Provident Fund and Kumpulan Wang Persaraan--last month committed to taking up 18% of the IPO. Apart from the portion taken up by the pension funds, 37% will be offered to ethnic Malay investors, 33% will be for book building and 12% will be for retail investors.

Based on its enlarged share capital of 8 billion shares, Petronas Chemicals is expected to list with an initial market capitalization of up to MYR42 billion, putting it among the country's top five stocks.

Petronas Chemicals manufactures chemical compounds, fertilizers, industrial and specialty chemicals. It has an annual production capacity of 11 million metric tons and is Southeast Asia's largest producer by volume of methanol and ethylene glycol, chemicals widely used in antifreeze.

The company, which posted a net profit of MYR2.59 billion on revenue of MYR12.2 billion in the year ended March 31, is seeking to list Nov. 26 on the local stock exchange.

The bookrunners for the offer are CIMB, Deutsche Bank and Morgan Stanley, while Citigroup Inc. © and UBS AG (UBS) are co-bookrunners.

This post has been edited by GregPG01: Nov 12 2010, 01:03 PM


Attached File(s)
 genting_singapore_by_rhb.pdf ( 91.56k ) Number of downloads: 26

Master or not is it so important ? Nobody here claim to be master

Some stocks like Titan, Astro, Measat, Tanjong , Sunrise, Jerneh , Kulim, Timecom got gorenged up before the release of the actual news.

Even Panamy got gorenged before a good dividend.


So you happened to own some of these stocks, you are termed as a gorenger.

This post has been edited by SKY 1809: Nov 12 2010, 01:30 PM

Who care if goreng or not as long as make profits!

KUALA LUMPUR: MALAYAN BANKING BHD []’s earnings were RM1.028 billion in the first quarter ended Sept 30, 2010, up 16.6% from RM881.80 million a year ago.

It said on Friday, Nov 12 revenue rose to RM5 billion from RM4.56 billion. Earnings per share were 14.53 sen versus 12.46 sen.

Maybank said the net interest income increased by 9% or 146.9 million due to improvements in the group’s operations from higher net interest income margins in Malaysia arising from increases in the overnight policy rate and expansion of market in Indonesia.

It said income from Islamic Banking operations decreased by RM43.3 million or 11.3% to RM338.2 million due to higher provision for profit equalization reserves in the Islamic business but mitigated by increase in growth in assets which increased gross income in Islamic business.

This post has been edited by SKY 1809: Nov 12 2010, 01:34 PM

Good...small timer like me can start to pick up.

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Added on November 12, 2010, 1:33 pm At RM9 it is beyond my reached already.
I think I buy some things else better.


This post has been edited by DarkNite: Nov 12 2010, 01:33 PM

Tiger can use 1 or 2Q profit to eat OSK, has the capacity

Just noted that gamuda falling below 50 days. Watchout yeah for those having this counter.

Your opinion to buy or bye bye Tiger?

So many good ones around :-

KUALA LUMPUR: AMMB HOLDINGS BHD [] posted a strong set of earnings in the second quarter, with net profit at RM332.87 million, up 38.6% from RM240.15 million a year ago, boosted by an increase in interest income.

It said on Friday, Nov 12 that for the quarter ended Sept 30, revenue rose to RM1.77 billion from RM1.584 billion. Earnings per share were 11.09 sen compared with 8.29 sen. It declared an interim dividend of six sen per share.

AMMB said 2Q pre-tax profit improved to RM981.4 million from RM691.1 million reported for the corresponding period last year. The improvement in earnings for the reporting quarter was mainly attributed by increase in interest income by RM108.8 million and increase in other operating income by RM49.9 million.

Gross loans and advances expanded to RM69.0 billion to register an annual growth of 8.3%. The growth was mainly attributed to financing of finance, insurance, real estate and business activities, education and health, residential PROPERTIES [], manufacturing and CONSTRUCTION [].

Financing for purchase of transport vehicles accounted for 34.3% of total loans, followed by loans for residential properties which accounted for 16.7% of total loans.

Maybank & AMMB HOLDINGS BHD almost all time year high, got some more room to grow?

 Carlsberg_9MFY10_Results_Review_20101112_OSK.pdf ( 82.32k ) Number of downloads: 15

 TASCO_9MFY10_Results_Review_20101112_OSK.pdf ( 85.94k ) Number of downloads: 22

 CENTURY_9MFY10_Results_Review_20101112_OSK.pdf ( 84.21k ) Number of downloads: 14

 MBM_9MFY10_Results_Review_20101112_OSK.pdf ( 90.82k ) Number of downloads: 14

 Star_9MFY10_Results_Review_20101112_OSK.pdf ( 82.01k ) Number of downloads: 12

 Banks_Sector_Update_Rise_of_the_Titans_20101112_OSK.pdf ( 286.25k ) Number of downloads: 27

thanks for the research paper!

Thanks for the research reports, bro

Although I distrust OSK, at least they did issue good recommendation for my old century logistics.

today very red oh... any particular reason ah? or just correction?