check

Titanic MISC is still sinking.deeper .......

But all the news could have been factored into the prices.

Market Efficiency Theory.

As mentioned by Guru Gark, it is better to put attention to the fundamentals of the co than the volume things, esp for new babies.

If buy and sell volumes could be fake, then transacted volumes be be faked too ( from left hand to right hand ).

How reliable is it to analyse a chart with those fake volumes and making a near perfect conclusion .

Just my thought only.

This post has been edited by SKY 1809: Apr 24 2013, 12:38 PM

I have not totally written off 3816. PE is kinda good too.

Japan ,many funds could have shifted out from China and moving into Japan.

MISC Bhd Petronas Privatisation Bid Fails
Date: 22/04/2013

News MISC announced that its major shareholder, PETRONAS had failed to meet the Acceptance Condition of 90% that is required for the delisting of MISC.

As of last Friday, the acceptance level for the Offer (RM5.50/share) stood at only 86.07%.

Comments We are surprised by the outcome as we had expected a better reception: 1) post the higher revised offer of RM5.50/share (from RM5.30/share); 2) and EPF's (the second largest shareholder) acceptance.

Given that Petronas' takeover bid has now failed, MISC will continue to be listed. However, we suspect that restructuring announcements could be on the cards; especially for the Petroleum and Chemical divisions, as we believe they were the main drivers for Petronas' bid to de-list MISC.

With the failed privatisation bid, we expect MISC's share price to weaken (the stock dropped 2.7% on Friday) as its valuations revert back to the current financial straits of the company.

Although we expect further improvement in FY13 (versus the volatile FY10-12 results), the company will still continue to be hampered by losses at both its Petroleum and Chemical divisions.

Outlook We believe that the shipping industry will continue to face tough times, especially for the Petroleum and Chemical segments, which will likely continue to be hurt by 1) volatile charter rates versus unyielding bunker costs and 2) the imbalance in the demand and supply of vessels.

Forecast Maintained at this juncture, pending further updates in its upcoming 1QFY13 results.

Rating Revert to UNDERPERFORM

Valuation We are reverting to our pre-takeover bid target price of RM4.61/share for now. Nonetheless, we will relook at our target price post 1Q13 results.

Our target price excludes the value of the assets of its Petroleum and Chemical Shipping division as we expect the divisions to remain loss-making in the near future.

However, should these divisions’ financial outlook improve or if MISC can successfully sell of these divisions, there could be an upside boost to our target price as we would need to include their NAVs into our valuation then.

Risks 1) Lower-than-expected charter rates; 2) a higher-than-expected bunker cost; and 3) Inability to pare of loss-making divisions at expected market prices.

Source: Kenanga

This post has been edited by SKY 1809: Apr 24 2013, 02:03 PM

Better wait for the chart to turn Bullish , then only u buy

maybe petronas is selling out the shares

This post has been edited by SKY 1809: Apr 24 2013, 02:55 PM

Titanic news :-

MISC's 800,000 shares crossed below market price
KUALA LUMPUR: MISC Bhd 's 800,000 shares were traded off-market at RM4.15 each on Wednesday.
According to stock market data, this was 39 sen or 8.59% below Tuesday's closing price of RM4.54.
At 4.15pm, it was down two sen to RM4.52 in regular trade.
MISC had been in focus after Petroliam Nasional Bhd launched a takeover offer for the company. However, the takeover did not get through.
As at last Friday, Petronas secured acceptances which took its stake in MISC to 86%, short of the 90% required to make the RM5.50 a share general offer unconditional.
CIMB Research said many event-driven and short-term funds had recently taken positions in MISC to play the general offer (GO) and it did not expect these shareholders to hold on to their stakes.
It pointed out Petronas would not be able to make another offer for one year. It added it was neutral on shipping overall.
"Prior to the GO, our target price for MISC was RM4.32, which is at a 30% discount to its SOP of RM6.17 to factor in the lack of catalysts to the stock and the depressed tanker cycle.
"As the GO has failed, we will likely reduce our current target price of RM5.30 back to about RM4.32. However, investors should look for a possible aggressive selloff that exposes deep value," it said.

But the co paid about rm 100m income tax, cannot be easily fake

U need to understand how the Chinamen keep their accounts first

Whether properly audited or not is another question.

MBL is also half penny stock now.

But got strong fundamentals.

This post has been edited by SKY 1809: Apr 25 2013, 01:29 PM

Kinda Worldwide from China to US, Japan and back to Indonesia.

International......

This post has been edited by SKY 1809: Apr 25 2013, 02:18 PM

BTW ot a bit,

any website to check election location, thanks.

thank u all of u

MISC still sinking

No comment on this.

Some traders odeli gave enough data to back up this stock.

Best of luck.

kinda true.

Petronas is in the list of reforms if Ubah takes place.

Someone did mention Mulpha in the previous thread , but I do not know what the story like.

Malton, long time no follow up . sori for that .

In case u know to know Tambun :-


RHB starts Tambun Indah with 'buy'
Publish date: Thu, 25 Apr 11:15 | >> Read article in News website


RHB Research started Penang-based property developer Tambun Indah Land Bhd with a 'buy' call and a fair value of RM1.28 per share, calling it the "top pick" among small caps based on a bright growth outlook.

Tambun Indah's value is underpinned by its strategic anchor landbank, capable management, solid balance sheet and attractive dividend yield, RHB said in a note on Thursday.

"Although the share price has appreciated by 57 per cent, its value will continue to be realised particularly upon the opening of the Penang Second Bridge in September this year," the research house said.

RHB in the note said it estimates "an earnings growth of 23 per cent and 25 per cent for FY13-14."

"Compared to our RM450 million sales forecast for this year, Tambun Indah has already achieved RM176.8 million in the first quarter," RHB added.

Shares of Tambun Indah were up 1.59 per cent while the benchmark index dropped 0.33 per cent.-- Reuters

This post has been edited by SKY 1809: Apr 25 2013, 03:46 PM

Feel sleepy to watch third class adv from MCA.......

Did u watch the Wake Up one

http://www.youtube.com/watch?feature=playe...d&v=mRqMCxare2A

This post has been edited by SKY 1809: Apr 30 2013, 02:49 PM

Good things come to those who wait

Love is in the A

Utube version

http://www.youtube.com/watch?feature=endsc...wZMS-ISbH4&NR=1