I heard of tai chi.

Cut loss.. ride the uptrend..

Oolala!
Amedia has broken the 1.10 and is now at 1.12.

Congrats yhtan!

Maybe Scomi is a good buy actually

---

Added on September 27, 2012, 10:43 amWhy u want to fight with Jib Gor

This post has been edited by SKY 1809: Sep 27 2012, 10:43 AM

Lesson learnt.. never trade going to end contract.. October contract better..

JIB GOH IF U PANAI PANAI DO THING ! PUSH UP THE MAS TO RM5 ! MY VOTE SURE GO TO YOU !

Let say MAS goes to RM5, how much can you get?

500% oh.. RM100 become RM500 lo.. i buy little.. RM100 only

Macam ni pun boleh

Horrible

The stock can't be forever up one

U need east wind, west wind and strong invisible hand to push this up

If I was you, I would take this opportunity and raise the quit target to 1.03.

trading so mafan.. have to borrow wind 1..

i better go buy a land.. become small scale farmer...

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.

now I only know that FKLI side way trend simply means that in distribution stage...

distributing september contract go for October...

now you know why i m losing money today.. sigh.. because I do not know that FKLI have distribution one..

mas is now a steal
buy?


KUALA LUMPUR: Malaysia Airlines (MAS) has signed a general terms agreement (GTA) with Airod Sdn Bhd, a subsidiary of National Aerospace and Defence Industries Sdn Bhd (Nadi), to collaborate in providing aircraft engineering and maintenance support.

In a joint statement yesterday, the two companies said the two-year partnership will enable MAS’ engineering unit and Airod to take advantage of each other’s strengths to provide cost-effective and competitive maintenance expertise for all aircraft ranging from propeller to jet-engine types.

Nadi’s executive chairman Tan Sri Ahmad Johan said the GTA will help the companies co-optimise resources and share existing facilities to undertake additional third-party aircraft maintenance work.

“This is a bold step for Malaysia to become the world’s largest independent third-party MRO (maintenance, repair and overhaul) service provider,” he said in the statement.






MAS and Airod will also explore and evaluate future business opportunities, in relation to the expertise sharing, and develop it into a profitable and viable business model.

MAS executive vice-president for engineering and maintenance Mohd Roslan Ismail said the coming together of the two leading local maintenance, repair and overhoul (MRO) organisations will not only strengthen the capacity and capability of the local MRO industry but also position Malaysia as a leading global MRO service provider.

“We are glad to share our expertise with Airod and, at the same time, tap its skills in order to improve our competitiveness in the market,” he said.

The two companies have a total manpower of 6,400, and their collaboration will allow them to handle 64 wide-body and 364 narrow-body aircraft heavy maintenance visits per year from global aircraft manufacturers such as Boeing, Airbus and ATR.

How come? Spot and next month is still moving in tandem. Just that spot month will be more sluggish till cash settlement.

--Edit--

So, if you trade against the wind today in spot or oct, still lose money.

This post has been edited by Medufsaid: Sep 27 2012, 11:14 AM

Tution fees lor.

2pts tuition fees lo...

Even sharks need to wait for the right ( strong ) wind to goreng.


Not so easy as to anytime they can goreng one.

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
A + / A - / Reset

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.

good or bad news for MAS?

sideway trend in stock means distribution after push up or accumulate...

if u look at penny stocks.. u will see that always...