The Securities Commission  (SC)  is expected to publish its semi-annual review of  Shariah-compliant securities at the end of November. Of the 169  stocks under our coverage universe,  121  are currently designated as  Shariah-compliant.  We  have  identified  three  stocks that we  believe will  be designated as non-compliant in the coming review. They are  IOI Corp, Perdana Petroleum and SapuraKencana Petroleum

SKpetro could be excluded from the list 

http://klse.i3investor.com/blogs/rhb/63244.jsp

I do remember our last 'chat' on this stock.

post #2811

As it is, you have to admit that your earlier decision to jump in this stock was rash.
Too soon.

Topping up now....  means one thing....
you are attempting to correct that previous buy....
so you top up more...
to average your price....

But if your earlier decision to buy at 380 is to be considered a mistake...
then.... what you are doing now...
is basically....
buying more of your mistake !!!
You are doubling down on your earlier mistake !

Wise move?
Never mind..... let's consider other issue...

What's the current risk now?

Well it could retest the infamous low of 316.

that's a possibility.... right?



If someone were to ask me to describe the above chart...
what would be my description?

A stock facing incredible downside pressure............

and this factor....
is driven clearly by the plunging oil prices..........

and for me....
clearly this momentum is strong........

yeah back to the initial risk assessment...

yes.... it does likely the stock retest its recent 316 low and maybe we might even see some support and the stock bounce back..... it's possible...

but would this price hold if we factor in the plunging oil prices factor?
what if 316 doesn't hold? Not possible?

the bigger chart.................



what's the next levels? 3? 280? 260?

what's the next strategy?

Buy a bit more at each level?

Do the math........ 
Such strategy will require incredible lorry loads of ringgit.....................................

how?

are you willing to take this risk?

Boon, since I already hold some unit on hand, yes...further buying some today, already average down to 3.28 today. I still have 3 chances to average down....am looking for around 3.00 to go in again, then will stop average down if drop below 2.80. Maybe I foresee the oil price is political factor driving the price lower....its a factor that control by some country. So, oil price up and down....is controllable....u know what i trying to mean ? No harm to collect and wait

What I am really trying to suggest to you is that you can easily improve your buying.

I am a trader and let me say this....
there are ways to actually improve one's buying....
it's not that difficult....
and the very first step is be patient....

For a CLEAR FALLING SHARE.....
it does one no good by trying to be early in buying...
be patient....

For now...
Ask yourself.....
What if you didn't start buying at 3.80?
So your initial buy was at 3.80.
Yesterday you bought more....
and you bought more today.....
( Gee.... how much more did you buy? I guess you must have put in a lot of money into this stock already. )

and now your cost is only 3.28.

Compare to the other alternative (which I do not agree cos I feel the downside risk is very great), one who waited could use the support line as a buying guide.... ie one could bought the share at 3.16 today.

See how much lower the alternative cost compared to your 3.28?
Well, do take these as the alternative opinions.....

Yes, admit that. Less patient. i am improving...slowly

Some positive news for Petrobras so there may be a small rebound for SKPETRO I think. Especially since everything is likely to be green tomorrow after the Republican win in the US. But overall still depends on oil prices.

http://www.bloomberg.com/news/2014-11-04/p...ine-prices.html

Some positive news for Petrobras so there may be a small rebound for SKPETRO I think. Especially since everything is likely to be green tomorrow after the Republican win in the US. But overall still depends on oil prices.

http://www.bloomberg.com/news/2014-11-04/p...ine-prices.html

Construction stocks doing well lately 

Bjauto rebounding from 3.40 

Anyone taking a look at BP plastics? The company came to my attention today while reading the edge online.  PE=14, DY=6.5, and EPS rising since 2012. Also, falling oil prices will lower the cost of raw materials (resin) to make plastics, and could benefit companies like Scientex and Bp plastics.

hi boon, what's your take on esceram? possible turnover company?

Probably a company which is improving might be a better description.

However, having said that.....
do remember that companies with smallish profit numbers, they tend to be unpredictable.
as you can see the unpredictability in Esceram.

Smallish profit numbers = companies with annual profits less than 10 million.

Yes, the past 3 years, have seen Esceram profits improve/grow at a good pace.
But as good as it is, the total profits is only 2.6 million.
Smallish laaaa.....

when times get bad, as in 2011 (if you compare 2010 with 2011), we see profits swing from 1.9 million to a loss of 5  million....

.... and valuations certainly not cheap....
for a company earning profits of around 2.6 million, should the company be worth (ie market cap) 48+ million?

But then it's an ACE stock.
LOL!
They say aces go places.... 

and with the company trading around 26 sen....
many other people will just whack and hantam the stock only..................

Hi boon.. Thanks for the reply..

The profit for fy14 could be 2.6m. But for fy15, it could be up to 4.xm considering that the first q the profit is already 1.1m.

I also think that the smallish profit is risky.I actually look into this stock before the last q report came out but didn't click the buy button.

Looking at the charts and movement, do you think this is a good stock to trade?

Construction stocks doing well lately 

Bjauto rebounding from 3.40 

Anyone taking a look at BP plastics? The company came to my attention today while reading the edge online.  PE=14, DY=6.5, and EPS rising since 2012. Also, falling oil prices will lower the cost of raw materials (resin) to make plastics, and could benefit companies like Scientex and Bp plastics.

There are also other choices.

Scientex one is complicated. Although its plastics division is one of the bigger plastic firms but then the earnings is greatly boosted by its property division.
And property is property. Market tends to discount more......

Other choices include SKPRes, SLP, Thong Guan, VS ....... (might miss out some.....)

Hi boon.. Thanks for the reply..

The profit for fy14 could be 2.6m. But for fy15, it could be up to 4.xm considering that the first q the profit is already 1.1m.

I also think that the smallish profit is risky.I actually look into this stock before the last q report came out but didn't click the buy button.

Looking at the charts and movement, do you think this is a good stock to trade?

nobody discuss bout MYEG?

Airsia trying to break from its consolidation?

Rsawit has an interesting gap up!

Poor Skpetro. No power 

BJauto returns to pickup those late comers?