13?
no bad this number.

Sold all my free Hektar RI at 0.145. Lazy to go Post office do all the RI thing, very the sien one.

Euro is green too. Only we, singapore and taiwan in red.

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Added on September 6, 2012, 4:04 pmI wait Axreit at 2.85, follow by 2.80.

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

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

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

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.

Compare to wilmar, PPB business more diversified. And I like its bread business, doing very well actually. In such a short time, now already in profit.

Bank Muamalat Malaysia Bhd's (BMMB) net profit for the first quarter ended June 30, 2012 rose 41.6 per cent to RM45.2
million from RM32.0 million posted a year ago.

In a statement today, the company said its revenue grew 14.5 per cent to RM255.6 million compared to last year's RM223.3 million.

The bank also declared a higher financing income of RM148.3 million due to increased financing growth.

Meanwhile, year-on-year, BMMB's customer deposits increased to RM15.8 billion while saving deposits improved 29.1 per cent over the same period.



Its key capital ratios remain higher than the industry level, with Core Capital Ratio and Risk Weighted Capital Ratio at 13.6 per cent and 18.9 per cent, respectively, above the minimum regulatory requirement.

Chief Executive Officer Datuk Mohd Redza Shah Abdul Wahid said: "The growth is encouraging despite being in a competitive market and we are on track to surpass the RM10 billion financing mark in the next quarter.

"While we are pleased with our first quarter progress, we will continue to place great emphasis on strengthening our balance sheet to position the bank towards long-term sustainable growth." -- Bernama

Read more: Bank Muamalat Q1 net profit rises to RM45.2m http://www.btimes.com.my/Current_News/BTIM.../#ixzz25gvMiLjI

1700 or 1500?

Actually, Maybank did raise year end target to 1620 from previous 1565, still the same PE 13.3x. Which means, q earnings actually beats Maybank's expectation.
And for CIMB, they keep the same 1650 at 13.3x.

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Added on September 6, 2012, 11:50 pmI like good lucky numbers.
Lets hit there before pulling back for GE show.

This post has been edited by yok70: Sep 6 2012, 11:50 PM

Ya, local funs prefer red. So be it.

Ron97 up 30 sens, good stock this one.

Bank is economy.


Attached File(s)
 Banks_cimb_070912.pdf ( 1.01mb ) Number of downloads: 31

looks like 1600 coming.

CSL has passed the 6 months period. Now still trading at PE 6x, still trading above its IPO price. If it able to sustain that for another 3-6 months, there is possibility of other redchips to be re-rating....perhaps at least craw back to their IPO price? Only time will tell. Those shoes companies, even at 3x, could gain 100% or more at current price.

This post has been edited by yok70: Sep 7 2012, 10:26 AM

I'm accounting idiot. But my guess is it's some kind of "balance sheet tricks"? I don't know.
However, the overall feelings of it is the same feel as Sky said. They just make it "more effective", so that they no need all sorts of endless meetings before any decision made for the funding. And I also don't think there will be really that "unlimited". Just that there's no on paper limit, which is pointless also since it took months and months to just make one number after tens of meetings. They drag it too long already, now they really want to make a faster move, be it to solve the problem or prolong it or whatever. At least, do something and see how it goes. I guess that's the spirit of it.

True. But on the other hand, cutting debt is really not an easy job. Look at the Euro countries now, people are on the street. The instability of the country cannot do any help to its rebuild of economy. And debt interest is hanging them, no matter how luxury they are and have been, they(or to say, their citizens) still need times to adjust themselves. Need to give them time. Say we, normal office workers, easily spend $10 for one meal nowadays. If want them to spend just $3 per meal, can they survive? Of course they can, can fat also. But can they accept it just because the government "requested" them to do so? I don't think so. They will be on the street "fighting for their rights". People are confused nowadays? No, they are not. They know what they are doing. But they are greedy. They have been trained to be greedy, either by the government, or the reality of the society. Those who has a good mind, are very rare.

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Added on September 7, 2012, 12:26 pmI just met an American friend who's very angry for Romney's aggressive speech that put America as super Empire country where all other countries (especially China) are losers etc. This is Romney, the fake joker. If he won, can start selling all US shares already, sure die.

This post has been edited by yok70: Sep 7 2012, 12:26 PM

Cannot just blame the government. If they don't like the government, they can vote against it and change government. They voted for the government because they like what they get, the luxury lifestyle. Euro is not like China which citizen has no option to vote.
And I'm not saying Euro people are greedy, I am saying ALL PEOPLE in the world nowadays are greedy, because of the nature of our society.

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Added on September 7, 2012, 1:17 pmToday has 2,539,800 CMMT shares listed as management fees payment at price of 1.604.
Looks like may expect some selling down in coming days....

This post has been edited by yok70: Sep 7 2012, 01:17 PM

This is interesting. So soon airplane no need use crude oil anymore?


Attached File(s)
 Regional_Plantation_Looking_Beyond_Palm_Oil_20120907_OSK.pdf ( 276.11k ) Number of downloads: 59

Lets see what Maybank said regarding ECB case.


Attached File(s)
 Regional_Market_Strat_20120907_MIB_1977.pdf ( 397.33k ) Number of downloads: 41