It's not mafan bro.
You just have to wait and wait for the right wind to blow.
Trying to trade every day no good one.

Tution fees lor.

IJM tells analysts Scomi buy “not political, not bailout”
Business & Markets 2012
Written by Ho Wah Foon of theedgemalaysia.com
Thursday, 27 September 2012 10:38
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KUALA LUMPUR (Sept 27): The management of IJM CORPORATION BHD [] yesterday held a briefing for more than 80 analysts and fund managers and told them that its move to buy up to 25.08% stake in oil and gas play SCOMI GROUP BHD [] was not political and purely business.

According to a report by CIMB researcher Sharizan Rosely, IJM managing director Datuk Teh Kean Ming said the deal marks IJM's exposure to the lucrative local oil & gas sector and rail jobs overseas.

In the exercise, IJM will subscribe to a 10% stake in Scomi for RM39.3million and another 15% via subscription of convertible bonds for RM110 million. IJM's investment in Scomi would amount to RM149.3 million, to be satisfied by its cash of RM1.9 billion.

Post-deal, IJM is expected to emerge as the single largest shareholder with a 25% stake in Scomi, with board representation in Scomi Group, Scomi Group's 42.8% associate Scomi Marine and Scomi Group's 67.4% subsidiary Scomi Engineering.

According to CIMB, the IJM management yesterday argued that its decision to acquire a stake in Scomi was "purely a business deal with no political strings attached".

It also said the investment is “timely” as it provides IJM a cheap entry into the oil & gas segment. But it acknowledged that Scomi is in need of funds to satisfy its bond repayment of RM200 million by the end of this month. This is now deferred pending this deal.

Defending its decision which did not go down well with investors, the IJM management highlighted that Scomi has been shortlisted to tender for Petronas's risk service contracts and was reportedly in the running for two marginal field jobs worth between US$600 million and US$1 billion each.

Also, Scomi is one of the three major rail car manufacturers in the world. Scomi's total outstanding order book now stands at RM2.9 billion and is good for another 2-3 years.

IJM's management explained Scomi’s reported losses in FY10-11 was largely due to impairment and forex losses and its 1H12 RM19.5 million net profit looks sustainable as the business is turning around.

But IJM also acknowledged that Scomi's management should address investors' poor perception of Scomi's execution and future prospects.

Despite the lengthy briefing, CIMB is not fully convinced by IJM.

“We are neutral to slightly negative on this exercise and takeaways from the briefing…Yesterday's briefing shed some reassurance but we are more lukewarm on this for now,” CIMB’s analyst said.

Early today, CIMB cut the target price of IJM to RM5.30 from RM6.40, but called for a “trading” buy on the stock as it had been oversold after falling 11% in the last two days.

“This move by IJM was a big surprise and may take time to attract buy-ins from investors. But reassurance comes from IJM's track record in past M&As,” the CIMB report said.

Another analyst who attended the briefing told the theedgegemalaysia.com that he is still pondering what recommendations to write as he is not fully convinced.

It has to see 6.20 first.

KLCC getting interesting also.
Can it go past 5.85?

Good for you!

2 replies?

I guess you are two times better than WB.

You are a fighter not a lover.

Kena drag to the table.

Do you study your past trades?
Do you know what are your best trades?
Do you know when these trades happened?
Do you know the market conditions when you made those trades?

I do know what a male chicken is.

Stocks can make money or not?

Oops! Did I start a little fire?
Haha! It's good that you are willing to share your experience.
What I, myself learned, I learned it mostly from the net and some books of course.
Never joined any classes at all.

Try to broaden your horizon.
Stocks itself is not bad, some say much better than Cws. Haha!

The main key is you have to be patient.

Give one example. ( Better give if not someone send their male chickens to me! LOL! )
Oh ah... TH Heavy.
Last month, not sure if you realise it, I talked with Magika about it.
TH Heavy is a PN4 stock but this PN4 stock is all dressed up already.
Reformed - just waiting to let from from jail.
Those who followed the news/announcements would have known it.
It's all just waiting for the chop and then it can be release from jail.
The theory - actually the punting theory.
Historical records would show that stocks tend to jump after it let go from jail.
Profits tend to be good.
But for TH Heavy, this stock, moved while still in jail. LOL!
Chasing it, perhaps is not a preferred choice for many.
What one could have done is just put the stock in the watchlist.
Recently market corrected.
TH Heavy corrected too.
Now if the stock was in the watchlist, what was the observation?
The stock found a decent support at 0.505.
Was 50.5 sen a decent entry for the stock?
Where was the recent high before TH Heavy? Answer: 0.615.
Is this a decent try at 0.505?
You used risk/rewards ratio a lot.
Would this sound like a decent trade?
Stock today jumped a little bit.
It's now 51/51.5 sen.

Oh, you asked me about INIX.
Why ah?
The first Goog link, wasn't nice read about INIX.
But the third or was it the fourth link was interesting.
I made small comment saying it was interesting but got no feedback from you. LOL!
Question now is INIX is now 14.5 sen.
Is there trading possibility for INIX?

Adoi!
You went in?

LOL!
All good things are known.

Whatever happen to be cautious on the 'buy on rumours sell on news'?

Any tips to share?

LOL! No medicine to cure!

---

Added on September 28, 2012, 11:13 amYou have to remember that it's almost impossible to buy at the bottoms all the time.
Same goes with selling.
The magic formula for it have not been found.



This post has been edited by Boon3: Sep 28 2012, 11:13 AM

Magika:

There was a news flash (without detail) at 12pm



Clement Hii to raise stake in SYF if price is right
Business & Markets 2012
Written by Ho Ching-Ling of www.theedgemalaysia.com
Friday, 28 September 2012 12:56
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KUALA LUMPUR (Sept 28): Datuk Seri Clement Hii said today that he will further increase his stake in furniture-maker SYF RESOURCES BHD [] if the price is right.

"I will have to look at the market. If the price and condition are right, there is no reason why I can't increase my stake," he said in response to a question by theedgemalaysia.com after SEG INTERNATIONAL BHD []'s extraordinary general meeting today.

Hii -- who is also SEGi's group managing director -- mopped up 7.75 million SYF shares on Sept 18 to raise his holdings in SYF to 15%, just three months after emerging as SYF’s substantial shareholder with a 10.01% stake on May 31.

His recent acquisitions has sparked speculation that he is keen to gain control of SYF from its executive chairman and chief executive officer, Ng Ah Chai.

Ng currently has a 23.34% stake in the company.

Responding to a question if Hii has any plans in store for SYF, Hii said "As for now, I have no plans for SYF as my contribution level is only at board level at the moment."

This post has been edited by Boon3: Sep 28 2012, 01:27 PM

That news about the new shareholder 'thinking of buying more shares flashed at 12 pm.
What time did SYF jumped up a few ticks?