QUOTE(cherroy @ Feb 2 2011, 01:48 PM)
STOCK MARKET DISCUSSION V72, CNY RALLY !!
STOCK MARKET DISCUSSION V72, CNY RALLY !!
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Feb 2 2011, 01:55 PM
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QUOTE(cherroy @ Feb 2 2011, 01:48 PM) |
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Feb 2 2011, 01:59 PM
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Feb 3 2011, 02:47 AM
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QUOTE(BboyDora @ Feb 2 2011, 04:07 PM) http://forum.lowyat.net/topic/716565 ...then you will understand why too |
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Feb 3 2011, 04:34 AM
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QUOTE(yok70 @ Jan 31 2011, 07:48 PM) .........now dump all this profit into BIMB, my favourite counter at the moment. Cheers to all & A VERY VERY VERY HAPPY CHINESE NEW YEAR TO ALL.....................yahoooooooooooooooooooooo |
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Feb 3 2011, 03:36 PM
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QUOTE(billeu @ Feb 3 2011, 01:11 PM) Takaful sector may be in for mergers source : http://www.btimes.com.my/Current_News/BTIM...icle/index_html Nama Pemegang Saham Jumlah Saham Peratus (%) Names of Shareholders Number of Shares Percentage (%) BIMB Holdings Berhad 106,183,675 65.22 Bimsec Nominees (Asing) Sdn Bhd 7,000,000 4.30 (Islamic Development Bank) Employees Provident Fund Board 6,233,020 3.83 Affin Nominees (Tempatan) Sdn Bhd 4,602,000 2.83 (Affin Fund Management Sdn Bhd for Majlis Ugama Islam Dan Adat Resam Melayu Pahang) RHB Nominees (Asing) Sdn Bhd 4,061,500 2.49 (RUSD Investment Bank Inc.) Lembaga Kemajuan Tanah Persekutuan (FELDA) 2,961,400 1.82 Majlis Agama Islam Negeri Sembilan 2,070,900 1.27 |
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Feb 3 2011, 07:32 PM
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QUOTE(dchk @ Feb 3 2011, 06:01 PM) |
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Feb 4 2011, 03:49 AM
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QUOTE(BoltonMan @ Feb 4 2011, 12:29 AM) |
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Feb 6 2011, 04:33 AM
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Price Target date: 12/01/2011 | Source: HWANGDBS KUALA LUMPUR: Hwang DBS Vickers Research has raised the Target Price for Eastern & Oriental Bhd (E&O)'' to RM1.70 (from RM1.40) based on 20% discount to RNAV of RM2.14. It said on Wednesday, Jan 12 E&O's net gearing has improved significantly to 32% (2QFY10: 79%) post-rights issue, while unbilled sales stands at a record RM605 million (2.1x FY10 property development revenue). 'Given its prime landbank, strong execution track record, and attractive valuation, we see E&O as a potential M&A/JV candidate,' it said. STP Phase 2 kicking off soon? The long-awaited 740- acre STP Phase 2 masterplan has just been submitted for approval (expected by mid-11). E&O will likely seek for a JV partner given the scale of the development (GDV RM12b) and upfront reclamation costs. Assuming a 50/50 JV, RM120psf reclamation cost and RM250psf land value, E&O’s RNAV could increase by 38% to RM2.97 (yet to include potential development profits).
20110112_Eastern___Oriental_Update.pdf ( 123.78k )
Number of downloads: 50This post has been edited by monkeyking: Feb 6 2011, 04:39 AM |
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Feb 7 2011, 05:34 PM
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QUOTE(qcs @ Feb 7 2011, 04:47 PM) This post has been edited by monkeyking: Feb 7 2011, 05:40 PM |
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Feb 7 2011, 05:52 PM
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QUOTE(dchk @ Feb 7 2011, 06:39 PM) Brother MonkeyKing, What's your call on YTLE? Should continue buying, hold or sell? Kinda laggard the past 2 weeks. |
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Feb 9 2011, 03:07 AM
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This post has been edited by monkeyking: Feb 9 2011, 03:12 AM |
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Feb 9 2011, 04:24 AM
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Hexagon Holdings Berhad (Hexagon) is a Malaysia-based investment holding company. The Company�??s subsidiaries are engaged in plant and process engineering services, manufacturing and provision of inspection services for lead frames, installation, maintenance and support services in corporate visual identity products, and providing corporate services to related company. It has four segments: manufacturing, trading and services, engineering and investment holding. The Company�??s subsidiaries include Hexagon Tower Sdn. Bhd., Advance Metal Substrate Technology Sdn. Bhd., Hexagon Corporate Services Sdn. Bhd. and Hexagon Technical Services Sdn. Bhd. On January 14, 2009, Polymer Composite Asia Sdn. Bhd. in a joint venture agreement incorporated a company in Germany, known as Hexagon Europe GmbH. On January 15, 2009, Polymer Composite Asia Sdn. Bhd. incorporated Hexagon North America Retails Solution Corp., Hexagon Rising Holdings Ltd and Rising Hexagon Sdn. Bhd. Hexagon Holdings Bhd’s wholly owned subsidiary, Polymer Composite Asia Sdn Bhd (PCA) has accepted an RM24.8m contract from Africa-based energy company to supply, deliver and install signages. The contract commenced on Dec 14 and is for a minimum period of 1 year. Thereafter, it will be automatically continue until it is terminated by either party with 3 months notice. (Financial Daily) http://www.btimes.com.my/Current_News/BTIM...190656/Article/ Big 5 of HEXAGON Happenings in the Year 2010!! http://www.mediafire.com/?f91w1iox8tnl5du |
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Feb 9 2011, 05:17 PM
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Feb 9 2011, 05:42 PM
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QUOTE(kroegand @ Feb 9 2011, 06:32 PM) Attached File(s)
Eastern___Oriental_20110112_Update.pdf ( 123.78k )
Number of downloads: 22 |
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Feb 9 2011, 06:56 PM
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1) HUAAN IS A GOOD BUY. 2) Recent prices seem to suggest Hua-An has rock-bottomed; Hua-An's current share price valuation is highly undemanding; Hua-An has NTA of RM0.610; 3) Hua-An is back in the black with improved company outlook due to recovery of the steel industry; for example, the U.S. steel industry is currently in an extended bull run; 4) At the moment, the demand for coking coal is greater than its supply due to coal shortage (so severe parts of China recently interrupted electricity supply in the cold winter) 5) Rise in coal prices due to shortage correlates to better coke prices and improved margins, since Hua-An can pass the increment to its customers; 6) Hua-An is now purchasing and "washing" its own raw coal at greatly reduced cost; 7) Previous clamping down by the Chinese government on inefficient metallurgical coke producers will be to Hua-An's advantage (it currently has about 10% of Shandong's market share); Cool Hua-An has a reasonable management team and skilled workers (coal and coking coal are core Chinese industries); 9) Hua-An's major shareholder is Tunku Naquiyuddin (Antah) via Rock Point Alliance Pte Ltd., and not a Chinese who might dump Hua-An shares. ------------------- 1) The shortage of coal may extend and cause severity (the current problem is not expected to extend beyond the cold winter; furthermore, Hua-An's factory is strategically located near coal mines); 2) Corporate mismanagement and fraud (distrust of Chinese counters); 3) Bank of China's monetary policies of tightening money supply and raising interest rates may pressurize regional stock markets; 4) Global and local stock markets collapse in 2011 (unlikely, we are only going into the 3rd year of the up-cycle since the 2007 sub-prime mortgage crisis, so consolidation at most). Analysis Since there is no direct play on coal on the local scene at the time of writing, Hua-An is the closest alternative in terms of coking coal. China, in the past a huge net exporter of coking coal, has streamlined coking coal export...previously due to environmental issues, now due to extreme global shortage. Will not be surprised if a Chinese steel conglomerate bids for Hua-an, seemingly the current trend in Asia, namely ICVL (India) and Rio Tinto (Australia). |
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Feb 9 2011, 06:59 PM
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UPDATE (@ 10/01/11) Rising coal prices around the world has minimal effect on Hua-An's raw material costs as expected. It may even be a plus. http://www.btimes.com.my/Current_News/BTIM.../6SINO/Article/ Cash Cash Costlier coal unlikely to hit Sino Hua-An By Hamisah Hamid Published: 2011/01/10 RISING international coal prices due to the floods in Australia's coal-rich state of Queensland are not likely to have a significant impact on metallurgical coke manufacturer Sino Hua-An International Bhd's (2739) plant in China. RISING international coal prices due to the floods in Australia's coal-rich state of Queensland are not likely to have a significant impact on metallurgical coke manufacturer Sino Hua-An International Bhd's (2739) plant in China. Besides getting its supply of coking coal from China domestic mines, Sino Hua-An also buys cheaper coking coal in bulk for the winter season. Vice president corporate communication and investors relations Bernard Tan said the company's metallurgical coke plant in Shandong province buys and uses most of its coking coal from mines located in Shandong, Henan and Shanxi provinces. "Every year during winter season in North Eastern China, the normal domestic coking coal pricing trend tends to increase a little as the extraction rate from the mines is usually slower than expected. "As part of Sino Hua-An's contingency plan, we usually increase our coking coal inventory during winter season by negotiating and purchasing cheaper coking coal in bulk from our raw material suppliers," he said in a statement. Sino Hua-An, the first China-based company to be listed on Bursa Malaysia, produces metallurgical coke from coal. Coke is a critical raw material in steel-making. Tan said the company's usual coking coal inventory is about 50,000 tonnes but currently, it is more than triple to 170,000 tonnes. This inventory level is enough for more than a month's use. Coal prices for delivery in March have already risen to some US$130 (RM398) a tonne, from around US$100 (RM306) a tonne at the start of December last year. The floods in Queensland, the worst in decades that has displaced hundreds of thousand people, may temporarily halt production and export of high-grade coking coal and force the international coking coal price to skyrocket to over US$300 (RM921) per tonne in the near future. At the same time, the rising crude oil price exceeding US$90 (RM276) per barrel is working in favour of Sino Hua-An. Tan said the company's two main by-products, which are crude benzene and tar oil, are oil-based. "Therefore, the rising crude oil prices also 'push' up the selling prices of our by-products accordingly," he said. Read more: Costlier coal unlikely to hit Sino Hua-An http://www.btimes.com.my/Current_News/BTIM.../#ixzz1DSQwFj00 |
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Feb 11 2011, 01:19 AM
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QUOTE(Bonescythe @ Feb 11 2011, 12:17 AM) Reports that Egypt's president is to meet protestors' demands helps stocks clamber off lows Egyptian State TV has said that Mubarak will speak to the nation Thursday night from his palace in Cairo amid growing expectations that he will step down and hand over authority to Vice-President Omar Suleiman. Investors hope that a Mubarak resignation will help ease tensions in the Arab world's most populous country and herald some calm following weeks of protests, which has at times descended into violence. "News that Mubarak may stand down has seen international markets pare their losses a tad, which were quite markedly down earlier in the day," said David Buik, markets analyst at BGC Partners. In Europe, the FTSE 100 index of leading British shares closed down 32.38 points, or 0.5 percent at 6,020.01 while Germany's DAX rose 19.38 points, or 0.3 percent, to 7,340.28. The CAC-40 in Paris ended 4.4 points higher at 4,095.14. In the U.S., the Dow Jones industrial average was down 0.1 percent at 12,227 while the broader Standard & Poor's was flat just below 1,321. Stocks in Europe and the U.S. were trading noticeably lower before the reports about Mubarak started coming out of Egypt as investors took a pause following a week-long advance that has sent many of the world's major indexes up to their highest levels since June 2008. In the currency markets, investors had to grapple with renewed concerns over Portugal's debt mountain, which have taken a back seat over the preceding few weeks. By late afternoon London time, the euro was down 0.8 percent on the day at $1.3615. The trigger to the renewed debt crisis concerns was a sharp spike in Portugal's borrowing costs to a new euro-era high. However, widely-speculated European Central Bank intervention got the country's yields down. Figures Monday will indicate whether the ECB did indeed prop up Portugal's bonds following a two-week hiatus. The clearest indication that the ECB was back in the markets was the fall in Portugal's ten-year yield to 7.30 percent from the earlier high of 7.6 percent. Worries had eased over the past few weeks amid signs that the EU's leaders were preparing a comprehensive solution. However, the failure of EU leaders to agree anything substantial at a meeting last week reminded investors that the crisis hasn't gone away and Portugal could join Greece and Ireland in having to request a bailout to deal with its public finances. "The good news that had propelled the euro higher has started to wane and the single currency is entering into a more uncertain period," said Nick Bennenbroek, head of currency strategy at Wells Fargo Bank. Elsewhere, the Bank of England kept its benchmark rate unchanged at 0.5 percent, as largely expected despite some speculation in the markets that it might eventually raise rates earlier than expected. That speculation has supported the pound in recent weeks, particularly against the dollar. Higher rates attract investors to a currency because of better returns on interest-bearing investments. Despite recent figures showing that the British economy shrank in the final three months of 2010, there are worries within the rate-setting Monetary Policy Committee that inflation is getting too high due to sharp rises in energy and commodity costs -- in December, the annual rate of inflation spiked to 3.7 percent, way ahead of the Bank's target of 2 percent. The prevailing view in the markets is that the central bank will keep borrowing costs unchanged for a few months yet, partly because next week's updated quarterly economic forecasts from the Bank are likely to point to inflation falling back towards target over the medium-term. "Given the huge amount of uncertainty about the underlying strength of both economic growth and inflation, the Committee would be foolish to rush into a premature tightening of policy," said Roger Bootle, economic adviser to Deloitte. "Indeed, as the fog clears, it should become clear that interest rates need to remain at an ultra low level indefinitely." In the wake of the decision, the pound was 0.2 percent higher on the day at $1.6123. Earlier in Asia, Japan's Nikkei 225 stock average slipped 0.1 percent to 10,605.65 as investors shied away from big moves ahead of a long weekend, while Hong Kong's Hang Seng index slid 2 percent to 22,708.62 -- its first close below 23,000 this year. Bucking the trend was China, where investors snapped up bargains in banks and property shares following a selloff that was sparked by China's interest rate hike. The benchmark Shanghai Composite shot up 1.6 percent to 2,818.16 and the Shenzhen Composite Index for China's smaller market surged 2.9 percent to 1,220.58. Pamela Sampson in Bangkok contributed to this report. |
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Feb 12 2011, 12:59 PM
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2/11/2011 One day after Egyptian President Mubarak announced he would step down and revoked his promise, he comes through and ends his 30 year reign as leader of Egypt. Investors reacted as stocks rallied from losses to end the week on a positive note. Fear was high the Suez Canal, a massage oil passageway, would suffer operational difficulties due to the unrest. The country will be under military control until a new order can be restored. In corporate news, trendy sandwich shop Panera Bread (PNRA) reported impressive earnings, sending shares upward. ConocoPhillips (COP) announced an increase in dividends and an improved outlook, also sending shares higher. This post has been edited by monkeyking: Feb 12 2011, 01:01 PM |
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Feb 15 2011, 02:08 AM
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QUOTE(cwhong @ Feb 14 2011, 05:37 PM) |
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Feb 15 2011, 02:11 AM
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