The right issue is renounceable, so one can sell off the right if do not wish to subscribe.

Right issue worth = Mothershare - right issue price (RM0.30) + free warrant value.

It will be traded as same as other ordinary stocks.

Poor global market sentiment, especially towards emerging market.
Turkish Lira, Indonesia Rupiah, Argentine Peso are dropping across + no deal on Nafta, trade war etc.

This post has been edited by cherroy: Sep 3 2018, 04:34 PM

It is in oversold territory, should have some rebound short term (even if want to dive even lower).

Sime is not a plantation stock after the split.
Simeplantation is.

Flat to slight recovery is the outlook currently.

Already ex-div, lower personally may consider.

Office space lease is tough now, need better yield to compensate the risk taken.

EPF does appoint a number of third party investment firm/managers to manage their shares, and sometimes doing trading to gain some profit as well.

No, EPF doesn't run those companies, so generally they do not have insider info as well, but with their sheer size + investment firm more detailed in term of analysis, they do have advantage when trading.

Reason
1) BKawan is not index linked hence fund managers that benchmarking index won't be interested in it.

2) Low liquidity, little fund managers are in it as well as foreign funds. Hence price is easily distorted.

3) As holding company, it tends to be discounted by the market. As bulk of asset are held directly by KLK, despite revenue and profit are showed in the book of Bkawan as associated companies.

Generally, index linked stocks tends to be traded at premium, especially in KLSE.

In term of value, yes, Bkawan has "better value" on paper, due to its "cheapness" as its 47% holding of KLK at around RM24 already may worth more than Rm20 per share for BKawan.

But share price is based on demand and supply in the market, not based on what is its paper worth.

CEO, Directors bought own share is always good sign, but it doesn't mean share price must go up.

Sometimes, those bought are merely a few ten or hundred thousand shares, which is insignificant to move the market price.

Also, majority shareholders /CEO/Director bought own shares may have different strategy than ordinary investors like us.

Generally, they are more concern of controlling stake instead try to make a profit from the just merely ten or hundred thousand share purchase, unless those purchase are significant, which is another story or objective.

Airasia potential special dividend (one off) is already known (just the exact amount is not known), so the share price more and less "baked in" for it already.
Recent oil price surges is negative factor to all airliners stock.

GenM's catalyst is the opening of theme park which potential draw in more revenue.
But it has some hangover over the US casino issue, whereby it has invested more than USD400 mil. which is equivalent about RM1.5 bil, that recently received unfavourble ruling.

http://www.theedgemarkets.com/article/gent...pite-us-setback

I do not think so, as it is hard to implement as well as hard to compute, especially the gain being offset by losses and with lot of transaction..

It is not as easy as RPGT, whereby you buy and sell with 1 unit of property and RPGT can easily be tracked via S&P contract signed.

An investor/trader in the stock market can in and out within day many times, and hundred of transaction within the same stocks within a period of time with various transaction price across.
Somemore, stock price adjustment due to ex-bonuses, ex-dividend, right issue, split, using FIFO or average price to count the stock cost etc. which potential created more headache to calculate the "gain".

Other like inheritance tax, luxury tax, gambling tax make more sense the stock gain tax.

I guess market is anticipating some sort of sin tax being raised or introduced.

Recently market slide down, does make some stocks become attractive, especially from dividend pov.

Banks stock that are trading at PB 1, dividend >4.xx% provides some good reason for investors to invest in it.

Buy online or through phoning to remisier, both are same.

DCA is more applicable if
1) have really deep pocket
2) a really big blue chip company that long term prospect is still intact.

DCA is bad if
1) share price plunge due to company fundamental deteriorated.
Apply DCA in this kind of scenario, most of the time may result in more losses only.

We need to analysis why a share plunged big, it is not advisable blindly following DCA method.

It is about valuation and interest rate environment.
A PE 20 stock is cheap when treasuries yield is 1%
A PE 20 stock is expensive when treasuries yield s 3.5%

Watch the treasuries yield movement, it is one of key reason why stock market went into correction lately, especially after surging pass the 3% level and creeping up.

Previously Fed interest rate was 0.25%, and treasuries was 1.xx%, which lead to stock market rally non-stop for almost 10 years.
Now Fed has increased the interest to 2%, and treasuries yield is 3.1%.

No such thing of "fair value", it depends on economy situation.
With tax cut and high deficit of US (tax cut somemore), the only way to finance the budget is through issuing more treasuries, more treasuries, more supply.
More supply, treasuries price down, yield up.

Somemore, with red hot US economy, Fed needs to increase rate further, if not the economy may too hot and run into trouble.

Nominee account doesn't need CDS.
So technically, can, as nominee account just a trading account without CDS, but it depends on broker house own preference to allow it or not, but it doesn't make sense to have one direct and one nominee, doesn't see why it is needed to do so.

Normally only 1 CDS account is allowed for one broker house, but you can have 2, 3 or more trading accounts which linked the 1 CDS account.

Market doesn't care how much the revenue is, the one that matter is profit and dividend to shareholders.

Yes, logistic/courier business (revenue) may continue to grow tremendously due to online trading, but it cannot be said towards their profit margin due to cost pressure in term of min wages, cost of fuel etc.

Also, don't need to overhype on online business that boost logistic business.
Online business is only shifting traditional business that deliver in bulk to storehouse/department stores, to individual premise delivery model.
So those delivery service/logistic business needs to shift from deliver in bulk to deliver to individual premise.

This actually increase the cost of delivery for logistic business, as last time, you just need a big truck deliver to storehouse, with 1 driver+1 truck, then business done.
Now with individual premise delivery, logistic business may need to hire 10 driver + 10 vans to deliver as same goods as storehouse model.

From here, we can easily see it has cost pressure to logistic business, not to mention may need to adapt, or installing AI dispatching to segregate individual goods deliver address.

So, we need to see whether those cost can be passed through to customer or not for logistic businesses.
If yes, then profit rise, share price will rise.
If not, then profit may drop, share price stagnant/drop.

Share buy back /= privatisation

Share buy back -
Company use own internal fund to purchase shares in the market, which reduce the outstanding share out there, which may eventually make EPS rise due to less shares.

Privatisation -
Someone normally major shareholder wish to acquire the remaining shares that he/she doesn't own, and delisted from the stock market.

Once the mandatory privatisation kick in aka when the major shareholder managed to acquire more than 90% stake, then major shareholder is required to buy the remaining shares from the "ikan bilis" shareholders, at the price which already set prior before in the MGO.