Long time I did not open thread..............

Hello CI 1800

so fast v134.....

LOL!! number three this time

me no.4

Checking in

phew phewwww

Check me in

Check-in #8. Huat AH!

apa ini???
Notice: Service Interruption

Please note that OSK188 will not be available for online trading today owing to technical issues. Do check your order status for all orders that were placed earlier in the morning before the system outage.

Meanwhile, please contact your Dealer/Remisier for immediate assistance.
We apologise for any inconvenience caused.

i got really pissed off by cimbclicks
the site is darnnnnn slow
anyone facing the same problem?

1800, are you happy?
i more happy can check in #11. I like number.

sap yee ...... yee hah .....

check in.

check in!

OnG, Property, Finance counters!
Bull run!

This post has been edited by ham_revilo: Jul 23 2013, 09:31 PM

silent reader check in..
and Good News to M2U Stocks for iPad users!!!!
check out the latest update...

now can view research reports, ta charts, news, and good till date orders..
:cheer:

https://itunes.apple.com/qa/app/m2u-stocks-...d491273619?mt=8

#18 good number!

Btw before I go mandi, just wanna say this guy Isaac Chin is one of my investment heroes ....

http://www.nextinsight.net/index.php/story...451-isaac-chin-

This post has been edited by Veda: Jul 23 2013, 11:01 PM

maybank wa, mbsb, and redtone to watch tomorrow

silent reader here, check in..

Maybank IB acts as stabilizer and bought Airasia X stocks. Then what? They will hold those stocks? Or they will sell back to the market later?

Buy n sell and the process repeats!

check in

index record high _ _ _

any thoughts on REITs?

What do you guys think about TDM??

Look at the redtone announcement, VT acquire 60k lot on 19/7 in open market............

the price should be 0.775-0.800

big player in game

Checking in!

60k lots is 6mil stocks eh, wow

TDM looking for another run today?

u interested? me still thinking

I on board few weeks ago

thx to VT, u got bout 25% paper profit?

no, 10%+ only.........

this is not fundamental attractive counter, i bought because of news

in fact, now is selling the "future" price.........not low

Silent reader check in

sap fatt sap fatt ah!!!
1810 now...8 more points to go to the magic number ^^

IGBReit attractive price now (comparing historical chart)

later Maybank IB will call for option stock - maybe PUT Warrant since they have plenty on their hand....

lol, less than 1 hour trading today, already cover back last 2 days loss

my curiosity until what extend the MGS interest rate will hike to what level, the reits will continue depress

I wonder how retail can purchase MGS to joy the ride?

need play till so tricky?

small fish will cry

?

This is IGBReit chart since listing.



Is the chart going up? No.
Is the chart showing a stock whose price is continuing to fall? Yes
Is there any IMMEDIATE indication when the stock will stop falling? No
Comparing to historical chart, why is IGBReit interesting?

What is the indicative yield at current price?

This post has been edited by Boon3: Jul 24 2013, 10:01 AM

As a stabilizing manager, the fund to purchase comes from the IPO proceeds itself, so it is basically AAX buying back itself. No loss to the stabilizing manager as they are merely agents, AAX foots the bill, later all these shares goes back to treasury.

This post has been edited by gark: Jul 24 2013, 10:01 AM

Morning Boon3,

here the yield.


Attached thumbnail(s)

If one is not lazy, one can use Uncle Google to check on past Greenshoe options performances.

This one is the first one

http://www.theedgemalaysia.com/commentary/...hoe-option.html

Thanks felix.

Is DPU of 6.38 sen an estimated figure?

This post has been edited by Boon3: Jul 24 2013, 10:05 AM

Hi gark,

I thought the stabilizing mechanism using own IB $$$, not the $$$ from the IPO listing company?

YES from Prospectus

If any IPO requires stabilizing manager on the first day itself already means it is overpriced and is going to fall sooner or later. Anyway I don't subscribe to IPO, most of it overpriced.

This post has been edited by gark: Jul 24 2013, 10:09 AM

I also agree.

From overallotment of shares by listing company if not mistaken.

I see.

However, prospectus numbers and promises is one thing. Company performing and actually doing what they promise is another thing.

So far from Bursa website: http://www.bursamalaysia.com/market/listed...ll&company=5227

IGBReit has only announced ONE dividend payment in Jan 2013 and paid in Feb 2013. DPU was only 1.83 sen.
It's now July 2013.
I believe that no other dividend has been announced.

Could this be another reason why this REIT is sliding and there's a chance that it could even go below its IPO price of 125?

You must take note that IGBREIT is now paying out 100% of earnings, this in the future is not sustainable...later will revert back to 90+%

Me eat first, think later what i eat...

PBBank performing good...........really king of fundamental

What's your estimate DPU from IGBReit for 2103?

check in....

YEAH!!! CI more than 1800....

ooo Redtone got show again

touched 0.83..........

check in with Gadang !

Might be some funds are shifting from Maybank to PBB.....

Maybank Indonesia faced a heavy write off aka impairment .

Indo bank Share price kinda like rp 350 compared to rp 550 when bought .....

Some more need to sell down some share portion in order to keep listed in INdonesia......

Not saying Maybank is bad, just updating my info here only.

This post has been edited by SKY 1809: Jul 24 2013, 10:45 AM

U are not running off this time

Congratulation anyway..........

PBBank is the very stable bank with steady growth in Malaysia.............because its manage by chinese but in conservative style, low bad debt.

they posted a good quarterly report yesterday

I q sell 0.83...............but i feel that it will go higher than this price

no want greedy, no guts for 100% gain

Bonds are in sliding mode across since the word "tapering" surface.

It is price of bonds go down, that sending yield higher.
You don't "enjoy" your bond, when bond yield rising.

I traded REdtone at about 40sen.........

Now it is about 100% from my trading price.........

Bond Yield is planned for a rise.

The trend is upward, just gradually maybe

you manyak hebat...........

always successfully target the 100% gain

Don't know oh... never done much research yet.

I trade REdtone on and off , rather than hold for mid term.

Not a very steady company....

This maybank always got scandal one..... Now tony pua asking for the BII shares sold at what price and to whom? Dun know they bother to answer his question or not.......

It goes underwater soon, below its IPO price

when you plan to sell ?

IGBReit is one monster reit leh.
The numbers of shares (or the number of slices of the cake) is very long hor. >3.4 Billion.
Cake have to feed many hor.

Will have impact to igb once setia eco city completed........

I stop buying redtone, too expensive

Zero balance.

just Look see look see now

Maybe and possible.

Personally, I do not like Mad Valley at all.
It's been almost 2 years since I last step foot inside that place.

Retail business is quite slow, but reit holders expect rentals to go up forever.

Hope that the golden gooses are not killed off by the high rentals.

Why? I find MV to be the best shopping mall for me lah..

Seems like no effect on Maybank's price

I also dunno why.

But it's been a while since I last stepped on MV.
I dislike shopping actually. Car parks problem and the price sometimes you can get cheaper at your local 99 speedmart.

Haha!

Yeah.. to think about it, I don't quite enjoy shopping too.

Hiding here and there in the accounts until year end..........one big action

I do not see it rise too far.
Just normalise back what it should be.

I do not see how quality bond yield can above 4-5% when there is no central banks around the world is hiking interest, nor concern about inflation.

" Quality Bonds" , not sure which ones u refer to but ( a bit long winded ) :-

(July 23): Borrowing costs for Malaysia’s Syarikat Prasarana Negara Bhd. look set to rise for its planned sukuk as a government guarantee and a drought in new issuance fail to shield the company from a global increase in yields.

The state-owned public transport operator plans to sell 1 billion ringgit ($315 million) of debt due in 10 to 15 years in August, which Asian Islamic Investment Management Bhd. predicts will have to offer a 50 basis-point premium over non-Shariah- compliant sovereign notes. Ten-year government bonds pay 3.82 percent, indicating Prasarana’s new securities may yield more than the 3.77 percent it paid for that maturity in August 2012.

The world’s biggest sukuk market is experiencing its worst year for sales since 2010, with nothing apart from Prasarana’s offering confirmed in the pipeline from local-currency issuers. Average yields on global corporate Islamic securities increased 27 basis points since the end of May to 4.18 percent amid concern an end to U.S. monetary stimulus will spur outflows from Asia, an index compiled by HSBC Holdings Plc shows.

“Even though the corporate debt market is pretty dry, investors won’t chase paper like before,” Fariza Taib, a fixed- income manager overseeing 1 billion ringgit at Kuala Lumpur- based Asian Islamic Investment, said in a July 18 interview. “Still, demand will be there from insurers and pension funds that need to manage assets and liabilities.”

Malaysia’s offerings of Islamic bonds, which pay returns on assets to comply with the Koran’s ban on interest, dropped 65 percent to 19.9 billion ringgit this year, after reaching a record 95.8 billion ringgit in 2012, data compiled by Bloomberg show. Issuance from the six-member Gulf Cooperation Council, which includes Saudi Arabia, fell 38 percent to $10.8 billion.

Rising Guarantees
Prasarana intends to raise 4 billion ringgit this year from sukuk to extend an overhead light railway in and around Kuala Lumpur, with a further 1 billion ringgit planned in September and 2 billion ringgit toward year-end, Mohd. Zahir Zahur Hussain, the group finance director, said in a July 17 interview.

The risk of the Federal Reserve cutting bond purchases will have a limited impact on Prasarana’s borrowing costs due to the level of local demand and state backing, Mohd. Zahir said.

Prime Minister Najib Razak’s administration is offering government guarantees for debt issuers looking to fund projects under Malaysia’s $444 billion development program to build railways, roads and power plants over the next 10 years.

Such securities totaled 147.8 billion ringgit, or 69.4 percent of gross domestic product, as of March, Chua Hak Bin, an economist in Singapore at Bank of America Merrill Lynch, said in an interview yesterday. That’s up from 68.5 percent and 64.8 percent at the end of 2012 and 2011, he said.

‘Red Flag’
At current trajectories, quasi-public debt, which includes government-guaranteed notes, will reach 72 percent by year-end and may test 80 percent in about two years, a level typically regarded as a “red flag,” Chua said.

“The rise in government-guaranteed debt isn’t a major concern as the funds raised are used for infrastructure development, which will spur growth in the economy,” Michael Chang, who oversees $1 billion as head of bonds at MCIS Zurich Insurance Bhd. in Kuala Lumpur, said in an interview yesterday. “We would probably buy the Prasarana sukuk as we still need to extend duration.”

Prasarana priced 15-year Islamic bonds at 4 percent at the previous sale in 2012. The yield has since climbed 30 basis points, or 0.3 percentage point, to 4.3 percent, the latest prices from Bursa Malaysia show. The rate on similar-maturity 5.248 percent government notes that don’t comply with religious tenets rose 27 basis points this year to 4.06 percent, the highest since March 2012, according to data compiled by Bloomberg.

Corporate Gains
The Bloomberg-AIBIM Bursa Malaysia Corporate Index, which tracks 57 local-currency Shariah-compliant bonds, climbed 2.2 percent in 2013 to 104.56. Borrowing costs on the nation’s top- rated 15-year non-Islamic notes remained stable in July, rising three basis points to 4.55 percent, a central bank gauge shows.

Global sukuk, including company debt and sovereigns, posted a loss of 0.3 percent this year, according to the HSBC/Nasdaq Dubai US Dollar Sukuk index, while JPMorgan Chase & Co.’s EMBI Global Index shows bonds in emerging markets lost 5.9 percent.

The premium investors demand to hold Shariah notes sold internationally over the London interbank offered rate narrowed 34 basis points to 183 basis points in July, after widening 38 points in June, the biggest increase since November 2011.

No Hindrance
Corporate sukuk in the Southeast Asian nation benefits from a higher degree of scarcity than for government debt, Nor Hanifah Hashim, fixed income head at Franklin Templeton Investments Malaysia, said in a July 5 e-mail.

Prasarana’s Mohd. Zahir said the company will proceed with its planned bond sale even if the Fed starts tapering its asset purchases. The company, which has total debt of 9.9 billion ringgit outstanding, according to data compiled by Bloomberg, sold 2 billion ringgit of sukuk in August 2012, receiving 3.6 billion ringgit in orders.
“In general, we prefer shorter-dated paper because yields have gone up,” Mohd Noor Hj A Rahman, chief executive officer at OSK-UOB Islamic Fund Management Bhd. in Kuala Lumpur, said in a July 19 interview. “We would only buy Prasarana sukuk if yields are attractive.”

This post has been edited by SKY 1809: Jul 24 2013, 11:41 AM

Not bad INARI & REDTONE!

Nice tip on REdtone some time back......

Check in...88 = huat huat...

Ok wat... got everything under the sky.

Then which mall you usually go ah? Or you don't like go mall one...

Bonds : Death of an asset class.

Link here...

A very technical but good analysis for bonds returns for the next 7 years, which is expected to perform below cash.

This post has been edited by gark: Jul 24 2013, 01:40 PM

got girlfriend/wife/children different story liao.... 'forced' to go shopping...

Dont bring wife shopping sure WIFE/GF/Concubine/Mistress/Female moody Temperature not stable.

Wah you so 'keng' got mistress and concubine also bring shopping ah.... Nanti kena' chop'.