Quick glance at Most Active page, macam zero influence, super defensive dao

Looks like today's big killers are the fat bluecheat.

Panamy dividend masuk bank account

Major correction done by local fun manager?

PPB-CC looks like a good choice for punting

OSK said,

Probably due to Moody’s downgrade on European Union’s longer-term issuer rating outlook, the FBM KLCI experienced a strong selling pressure yesterday. The index retraced sharply by about 13 pts from the 1,655-pt historic high and violated the recent low of 1,643 pts.
In the next few days, should the FBM KLCI quickly rebound back above 1,643 pt-level, it will be trading sideways between 1,643 pt-level and 1,655 pt-level. Judging by yesterday’s market action, it is likely that the index may be extending the consolidation phase started since 15 Aug 2012.
Nevertheless, failure to return above 1,643 pt-level may signal further weakening of the market, possibly towards the immediate support of 1,630/1,631-pt level, or even 1,620 pt-level.
Although the selling pressure is still felt, our bullish bias for the near term remains unchanged for now. There is a possibility that the index could gap up at the opening today and close back above 1,643 pts.
From the current level, look for an immediate resistance at around 1,648 pt-level, which is the mid-point of yesterday’s “Long Black Day”. The 1,655-pt historic high would be the next major hurdle.



This post has been edited by yok70: Sep 6 2012, 04:16 PM

Is there one have any idea about PPB? Why drop so much? I bought it at RM14.16 and now.

aiya why most reit drop, but the axreit going up lol.

and knm oso go up? hehe

Wilmar outlook bad. That's why. I'm waiting at 10-11 range.

This post has been edited by yok70: Sep 6 2012, 04:20 PM

PBB's current price quite attractive.. any advice?

Local funds selling, KLCI pull-back to 1600 seen
Written by Ho Wah Foon of theedgemalaysia.com
Thursday, 06 September 2012 11:05

KUALA LUMPUR (Sept 6) – Local funds are actively selling index linked stocks for the second day running, forcing down the FBM KLCI by about 1% in mid-morning trade, according to Fong Teng Siew, the head of research for InterPacific Securities.

Fong told theedgemalaysia in a telephone interview Thursday: “Local funds are selling big cap stocks, Petronas group of companies and index-linked stocks. Probably they think that in terms of pricing and valuation, the current market is high.”

In mid-morning trade, the market fell across the board with all sectoral indices rolling in the negative territory. At 11.03 am, the FBM KLCI lost 14.81 points or 0.9% to 1626.20.

Big cap stocks that registered falls include PPB, Petgas, Petronas Dagangan PChem, AEONCR, KLK, Dutch Lady, Genting, Axiata, CIMB, Maybank and TM.

Yesterday the local funds and retail players were already net sellers, with foreign funds being net buyers, Fong noted.

“Valuation for our market is very high now, with some big cap stocks such as telcos having 30 times PEs. The last time we had such high PEs was in 1993 and after that the market crashed, but I don’t think there will be a crash this time around. A strong pull-back to just above 1600 is possible,” Fong said.

He said he is advising clients not to enter the market now as valuation is high. “But for those already in the market, they may have to hold on to their stocks for long term prospects.”

maybe local funds selling first to increase firepower to buy when ff starts selling after the parliment is dissolved?

any other reasons for today's sharp retreat?
it looks real bad today

BAT up >Rm1

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Added on September 6, 2012, 4:22 pmLong overdueee...

This post has been edited by cherroy: Sep 6 2012, 04:22 PM

suddenly thought of transmile.. last time when it go down many ppl say just hentam.. robert kuok sure no prob.. but then this time
buy or not buy?

Ingens still looking good but beware CBL bought on margin can sell anytime..

I read about it at newspaper. MD said long term on Wilmar. if go to RM10- RM11 then really a risk of lost in appreciation.

Remind me of Maybulk, too.

Another RK company.

ex price 17 but at 1 sen anything can happen

Boon3

out of jail counter, the director is well known for manipulating own counter..

PPB got another risk, is that it involved in basic needs(food) businesses that highly depending on government's price control. Therefore its China business is not doing well. Not defensive, if play with rice or sugar etc. basic needs food business. High risk actually, if the government is not yet a mature one.

US futures is moderately green. bullish