A Brand New Start!

Dow Jones closed at 13,176.79 Up 66.74 (0.51%)

expecting a mini rebound on KLCI on next Monday

Second one enter for V7..

Pana, good job to start v7. I also dunno what to do now... i empty my a/c liaw, now i got ZERO stock...

i will be spectator for a while.......hehehe

got new IPO oo
Aeon Credit Services (M) Bhd

u got apply ar?

wow congratz

12/12 is your day

This post has been edited by panasonic88: Nov 17 2007, 09:28 AM

will apply
but dunno can get wo

Did you guys see today TheStar Biz?
If wanna play CW, CHLIFE-C3 is the darling wor....
Whats your view on that?

Synergy to buy 60% of Sarawak Hidro

PETALING JAYA: Sime Darby Bhd says Synergy Drive Bhd has obtained the Government's approval to acquire a 60% stake in Sarawak Hidro Sdn Bhd, owner of the 2,400-megawatt Bakun dam project.

"Synergy Drive will proceed to commence negotiations with the Government of Malaysia on the terms of the acquisition,'' the company said in a statement to Bursa Malaysia yesterday.

Trading in the shares in Sime Darby, the main contractor for the RM6bil hydro-electric dam project, is currently suspended to facilitate the listing of Synergy Drive on Nov 30.

Sime Darby, Golden Hope Plantations Bhd, Kumpulan Guthrie Bhd and their subsidiaries have agreed to combine their businesses under Synergy Drive to create a conglomerate that is estimated to have a market value of more than RM60bil.

It would be the biggest company listed on Bursa Malaysia, with five core operations: plantations, property, heavy equipment, motor and power and utilities.

"With the letter of intent (LOI), we can start work with all our vendors,'' Synergy Drive chief executive Datuk Seri Ahmad Zubir Murshid said at a press briefing yesterday.

He said Synergy Drive, with its healthy balance sheet post-listing, would have the financial muscle to undertake such massive projects.

It was reported earlier that Sime Darby had expressed its intention to the Government to take up a key interest in Sarawak Hidro. It also wanted to play a leading role in the proposed undersea power cable project.

Analysts said the power and utilities business could emerge as a major contributor to Synergy Drive if it managed to secure both projects.

The 700km submarine cable is said to cost RM9bil. The project is likely to be undertaken by a consortium that may include Tenaga Nasional Bhd.

The Government, however, has yet to formally decide on the project.

Zubir said Synergy Drive hoped to bring electricity generated from Bakun to the peninsula beginning 2013, assuming the Government accepted its proposal.

Construction works on the Bakun dam were expected to be completed by 2009, Zubir said, with equipment testing and other works expected to take another year.

Sarawak Hidro was set up by the Finance Ministry to take over the Bakun dam project after it was temporarily shelved in 1997 due to the Asian economic crisis. The mega project was revived in 2000.

URL: http://biz.thestar.com.my/news/story.asp?f...23&sec=business

MPHB may offer to take Magnum private

PETALING JAYA: Multi-Purpose Holdings Bhd (MPHB) is believed to be working out an offer to take Magnum Corp Bhd private, analysts said yesterday. MPHB currently owns 55.45% of Magnum.

"One reason for MPHB's plan to own 100% of Magnum would be a conviction that it can raise Magnum's profitability after it's been taken private," they said.

MPHB has shown such interest in the numbers forecast operator (NFO) through its purchase of additional shares on the open market periodically.

Both MPHB and Magnum were suspended from trading at 10.41am yesterday. They will remain suspended till 5pm Wednesday. Shares in MPHB rose 18 sen to RM2.58 while Magnum gained four sen to RM3.08 before the suspension.

MPHB said the suspension was pending an announcement relating to "a very substantial corporate exercise involving MPHB and Magnum".

The speculated MPHB offer is believed to involve a share swap with a cash option for Magnum shareholders.

ECMLibra Avenue Research believes MPHB may undertake another corporate exercise, which might include privatisation, in view of its unsuccessful attempt barely a year ago.

The research outfit said the idea of privatisation was not a surprise. The exercise would give MPHB direct access to Magnum's huge cash hoard of about RM786mil (including investments).

It added that the cost of privatisation for the rest of shares in Magnum not owned by MPHB worked out to about RM1.98bil.

"Taking into account the cash reserve, it takes only RM1.19bil for MPHB to privatise Magnum and the investment could be recovered with its recurring annual free cashflow of RM300mil.

"Shareholders could be offered a minimum price of RM3.44 a share if MPHB were to choose the privatisation route in the near term," ECMLibra Avenue said.

Analysts pointed out that a second attempt at making an offer or privatisation could only come a year after the first attempt on Nov 23, 2006.

"But to ensure that a listed company is taken private successfully, the offer price must be attractive enough for minority shareholders," an analyst said.

"The NFO sector is not going to be as exciting as in the past. It's a mature, slow growth industry in this country. We still prefer the casino sector," he said.

An analyst at a foreign research house said Magnum was currently evaluating regional possibilities in the numbers forecast sector.

"Magnum intends to grow via expansion either domestically or regionally. Some of the country names being thrown around are Vietnam, Cambodia and Laos," he said.

He added that the company had been continuously looking to unlock the value of its non-core assets and taking a more proactive approach in terms of capital management.

"Magnum is still in a net cash position, estimated at RM300mil as of the third quarter (ended Sept 30)," he said.

In a filing with Bursa Malaysia yesterday, MPHB said it posted a net profit of RM47.9mil on revenue of RM806.4mil for the third quarter.

For the nine months ended Sept 30, MPHB registered a net profit of RM338.9mil on turnover of RM2.42bil.

URL: http://biz.thestar.com.my/news/story.asp?f...50&sec=business

Not necessary, as Synergy although new, but it is not new IPO, it is a 'product' of merger from old company especially those linked to merger one are all index-linked.

KLSE has not done a good job on it to explain when the inclusion of Synergy into the KLCI, it makes futures traders wonder each time and dare not to over commit or short the index.


This is not considered a good news for Synergy in the eye of foreign funds. Synergy is formed primary target is to set up a huge plantation company that to lure foreign investors as the largest palm oil plantation company in the world. Initially, there is a talk that Synergy want to concentrate on core plantation business which make it appealing to investors and want to dispose its non-core business but it seems like die-off already with the recent news.

Now, it is taking over the Hydro-dam business which original is gov funded one, it will deviate from its core business of plantationn.

The history of Sime bought over the UMBC bank turn into Sime bank history is example which investors particularly foreign funds will worry off.

Whatever, Synergy 99% will open significantly up due to CPO price.

This post has been edited by cherroy: Nov 17 2007, 11:02 AM

HAP SENG IPO share holders ... this might be a good news:

Hap Seng makes strong debut on main board

KUALA LUMPUR: Hap Seng Plantations Holdings Bhd yesterday made a strong debut on the Bursa Malaysia main board as the year's biggest listing this year in terms of market capitalisation of RM2.45bil.

The largest initial public offering (IPO) to date this year opened at RM3.20 and hit a high of RM3.34 before closing at RM3.06 for a 41 sen, or 15.5% premium over its offer price of RM2.65

It was the most active counter with 66.59 million shares traded and the second top gainer for the day.

Managing director Edward Lee Ming Foo attributed the share performance to the support and confidence of institutional and retail investors locally and overseas.

"Our recent roadshow in the US attracted a lot of interest from institutional investors, such as pension and asset management funds, and 13% of our public issue has foreign ownership," he told reporters after the listing yesterday.

He said institutional investors were impressed by Hap Seng's plantation profile because, besides producing the highest yield and the lowest cost compared with other local plantations, more than 95% of its oil palm trees had reached maturity.

"This allows the company to capitalise on the high palm oil price now compared with those that had just acquired more land and would have to wait at least seven years for their oil palm to mature," he said.

Investors are also attracted to the company's long-term dividend policy, which is to pay 60% of annual profits, resulting in about 5% dividend yield based on yesterday's price.

"If you look at current crude palm oil price trends, there is a potential upside to the share price as well," Lee said.

Besides trimming its borrowings, Hap Seng will focus on expanding its landbank in Sabah using the listing proceeds.

"There are lots of opportunities for growth in Sabah as many plantations there are operating at higher costs and with lower yields compared with Hap Seng.

"So we may take over some of them which are not efficiently run," Lee said, adding that Hap Seng would increase its landbank by 50% within two years.

He added that it was in talks with several parties on this matter but declined to comment further.

URL: http://biz.thestar.com.my/news/story.asp?f...02&sec=business

This time hopefully can sell SAPCRES at 10% gross margin and see how GAMUDA perform

Now, it is taking over the Hydro-dam business which original is gov funded one, it will deviate from its core business of plantationn.

The history of Sime bought over the UMBC bank turn into Sime bank history is example which investors particularly foreign funds will worry off.

Whatever, Synergy 99% will open significantly up due to CPO price.

[/quote]

Betul, foreign fund fear most in our GLC, bcoz of lack of confidence in them.
Beginning of the year, objectives were clearly set, after 1st quarter, plan deviate a bit, 2nd quarter plan deviate more, 3rd quarter, almost deviate most. 4th quarter, forgot what is the initial plan oledi.

SynergyD initially target to draw foreign fund into it, selling point is "its the largest plantation in world", now get involved in big hydro dam, later dunno what liaw.

Performance wise also not so good for GLC, u can easily compared performacne of GLC bank MBB against Pbbank. Its mercedes against waja.
See telekom vs Maxiz or especially DIGI. When foreign fund see Malaysia GLC, they say u go first lah.

Look at our Proton, MAS.. is wellknown in the world for failing companies.
But guess who buy Proton, MAS shares.... i think its the $ from all forumers here....

@cherroy

what is the reasonable buy for TENAGA?

lowest for Nov 07 is RM 8.650

research house gives a "buy" call for TENAGA with the TP of 14 bucks
(from November issue The Edge)

just wondering when is the right time to go in?

This post has been edited by panasonic88: Nov 17 2007, 12:38 PM

damn fast ... v7

everyday day red, didnt login and see. just login and saw -310.24 --> sien ar this week ....



This post has been edited by ante5k: Nov 17 2007, 01:03 PM

Yeah-lor. I thought supposed to concentrate on Palm oil plantations only as earlier said. Now want to involve in damns!

---

Added on November 17, 2007, 1:10 pmmy opinion is Chlife-c3 mother share profit is really good. I queued last wk @0.17, tarak dapat, so I gave up. I worry only the volatility, what if it falls below 0.10 because market is quite bad these days.

This post has been edited by sharesa: Nov 17 2007, 01:10 PM

Im also interested in Tenaga.
I think once new tariff kicks off, it would jump RM1-2.
The problem lies within our fark up government.
The longer they held back GE, the longer Tenaga gotta wait.
I think at least 3-6months before the new tariff comes out...

May i ask is investing in IPO safe? May i know how do i purchase unit trust?

This post has been edited by nightzstar: Nov 17 2007, 04:42 PM

TNB lastest Q result only 3.89 cents, fully year earning is 95 cents, dividend 36.3cents, NTA 5.54.

Until the natural gas issue being solved, it is difficult to make a call on it, as it is totally unknown what price will Petronas wish to impose on TNB, also it involved political issue as well. I don't think it is a fair call of TP Rm14. At 95 cents earning, it is 14.7x PE which is fair only but remember future profit will go lower, even its CEO also echo on it as he said it is 'challenging' just to repeat last finanical earning result alone. Also 95 cents is not the real earning, some are come from forex gain from foreign currency debt (particularly against USD), operating income is below that. So if natural gas price reset at market price, then be prepared to have signficant lower number of earning ahead, also others fuel price are significant higher than previous year so don't think future result will be as good as tariff won't be allowed to increase before election, public known secret.

Stock market is about future potential earning, not past performance. Past performance result only good to look at it for consistently earning performance but not a good guide for future performance. Having said so, one still needs to look at past performance to see how well the company cope with different situation and economy environment.

Personally would start to interest on it if it falls below Rm8.50, (may take 1 lot first, then add on with 25 cents downwards each time) technical point of view, Rm8.40-8.60 has some strong support level but once broke with high volume then be prepared more downside, (purely on technical side). Best still if it is Rm7.50 means around 5% gross yield on it, NTA of 5.54 should be the major support, may be some say I am crazy on this level, nvm, but, just myself like to prepare for the worst each time.
Whatever, the natural gas issue also IPP contractual needed to sort out as quick as possible otherwise, its share won't have any significant upwards potential. Now, even with excess electricity power, still TNB needs to buy all the power produced by the IPP even it is excess, and pay cash to IPP. Buying IPP stocks are much better than TNB if one is really to invest in energy producers sector.

But it doesn't mean my view is surely correct, buy on your own risk and judgement. I take it as trading buy for short-mid term, not long term. Once achieve some 'ok' gain, surely 'cabut' one.

PS: always prepare to change view and assess the market situation, if US economy does fall into recession (although now not yet show sign of it),the whole equation for the market will change significantly

---

Added on November 17, 2007, 5:57 pmStocks IPO is not considered investment, it is more like 'lottery'.

But avoid IPO at market bearish time, as there are plenty of IPO stocks open below its IPO price particularly during after financial crisis 1998 and mini-bear durint 2001-2002.

Purchase UT? Go to banker or mutual funds house, as simple as that. If you are really interest in UT, give a statement out said I want to purchase UT, then surely you will receive plenty of PM or calls and queueing to serve you.

This post has been edited by cherroy: Nov 17 2007, 06:08 PM

That meant IPO is like playing 4d? I see. I am actually newbie in investment. So wanna learn from sifu here how to invest safely especially which unit trust and bonds that is suitable for me.

any news on the google-c1?

Dropping like a rock so far.

there are several thread talking about mutual fund investment(unit trust)

http://forum.lowyat.net/topic/367939
http://forum.lowyat.net/topic/437686

@cherroy

thanks for the feedback on TENAGA

wat website to see realtime share results? Other than myshareonline.com

Geez was one day away and we are on V7. Congrates...!!

Lets makes this most profitable thread in LYN... yay

After 1 week of trading really cant wait for next week to see action again... but KLCI sure abit 'lembik'

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Added on November 18, 2007, 12:03 amI'm gathering some $$ to get AEON Credit IPO... hopefully this round will get it. Do you guys think, apply fast will have higher chances? or it is equivalent to those apply last minutes?

This post has been edited by JimJimKC: Nov 18 2007, 12:03 AM

you can try klsebursamalaysia.blogspot.com


volume & luck, i'd say

they will choose random
if got it
sure u

but if market is bad during listing u will

monday will betaing profit in the momnring...u may see red in the afternoon time or weak positive. from my own point of view DJ has too many bad news and yet to stable. i would expected something bad happend next year

i read the star published new CW

misc offers 0.25

conversion 4cw = 1 misc

conversion price -=RM10

Misc close price 9.70


i familiar wif local company so i pick misc..imagine those invested farfar away like Hk..cw mostly attract retails player fighting wif big sharks...u c who win lo

MISC one of the stock that I was most interested in.
Its a very steady share without much movement, a bit like PBB. Up/Down slowly without much volume. One thing that I find it strange is the RM10 barrier. I follow it from RM7++ but found that the selling pressure is high when its reaching RM10 or breaching it.

In for V7.

Hope for the best from market today, need to sell some stuff...

spent some small fortune of time to read theedge's sunday

tanker oversupply situation looks bad

hopefully my RAMUNIA and EDEN qiong today hehehe

y IOICORP not shoot up while klk and bkawan shooting up..

I think because IOICORP PE is too high liao...
Other palm oil player not at 32x PE except IOICORP...

TIMWELL-Wa is the hero of the month !!! if u got 1,000,000 units...will be smiling til end of the year

but IOICORP has the top volume

KLK-CW all expired except KLK-CE, good to keep for short term

@kapitan

GENTING financial report will be out within this week

heard that you bought GENTING on last week

perhaps you would want to take up & hold

panasonic88 > since when did you get promoted to become staff?


walao eh ... digi no eye see

This post has been edited by ante5k: Nov 19 2007, 09:42 AM

how the cost overrun in sentosa being treated in account?

2 weeks ago

genting suppoprt also.... haha...

who guys got bought the tips stock code 0003 ?
today up lo. heheh
top 1 hits

ioicorp is amazing counter. have to keep it.....

goreng goreng
IE

http://biz.thestar.com.my/news/story.asp?f...22&sec=business

IOIcorp owners should read this.

wow google c-1 looks very tempting....

they gonna enter mobile advertising soon... revenues sure bloat..

how do u calculate the conversion for the google-c1? have to kira if wanna estimate when if a gud buy...

cpo may go thru a correction leh, later only buy ioi lor

ya...wat goes up...must go down later.....careful.....

so is wat goes down must come up....only for selected cases ! hahahaha

ya correct...hahahaha

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Added on November 19, 2007, 10:53 amChina rebound already...fr -ve to +ve liao

This post has been edited by kinwawa: Nov 19 2007, 10:53 AM

our KLCI also rebound

from -ve to +ve

What do you think will be the effect of this? If OPEC sells the currency US dollar might further drop and oil prices might increase.



OPEC Interested in Non-Dollar Currency
Sunday November 18, 6:46 pm ET
By Sebastian Abbot, Associated Press Writer
Ahmadinejad: OPEC Members Interested in Converting Cash Reserves Into Non-Dollar Currency


RIYADH, Saudi Arabia (AP) -- Iranian President Mahmoud Ahmadinejad said Sunday that OPEC's members have expressed interest in converting their cash reserves into a currency other than the depreciating U.S. dollar, which he called a "worthless piece of paper."
ADVERTISEMENT


His comments at the end of a rare summit of OPEC heads of state exposed fissures within the 13-member cartel -- especially after U.S. ally Saudi Arabia was reluctant to mention concerns about the falling dollar in the summit's final declaration.

The hardline Iranian leader's comments also highlighted the growing challenge that Saudi Arabia, the world's largest oil producer, faces from Iran and its ally Venezuela within the Organization of Petroleum Exporting Countries.

"They get our oil and give us a worthless piece of paper," Ahmadinejad told reporters after the close of the summit in the Saudi capital of Riyadh. He blamed U.S. President George W. Bush's policies for the decline of the dollar and its negative effect on other countries.

Oil is priced in U.S. dollars on the world market, and the currency's depreciation has concerned oil producers because it has contributed to rising crude prices and has eroded the value of their dollar reserves.

"All participating leaders showed an interest in changing their hard currency reserves to a credible hard currency," Ahmadinejad said. "Some said producing countries should designate a single hard currency aside from the U.S. dollar ... to form the basis of our oil trade."

Venezuelan President Hugo Chavez echoed this sentiment Sunday on the sidelines of the summit, saying "the empire of the dollar has to end."

"Don't you see how the dollar has been in free-fall without a parachute?" Chavez said, calling the euro a better option.

Saudi Arabia's King Abdullah had tried to direct the focus of the summit toward studying the effect of the oil industry on the environment, but he continuously faced challenges from Ahmadinejad and Chavez.

Iran and Venezuela have proposed trading oil in a basket of currencies to replace the historic link to the dollar, but they had not been able to generate support from enough fellow OPEC members -- many of whom, including Saudi Arabia, are staunch U.S. allies.

Both Iran and Venezuela have antagonistic relationships with the U.S., suggesting their proposals may have a political motivation as well. While Tehran has been in a standoff with Washington over its nuclear program, left-wing Chavez is a bitter antagonist of Bush. U.S. sanctions on Iran also have made it increasingly difficult for the country to do business in dollars.

During Chavez's opening address to the summit on Saturday, the Venezuelan leader said OPEC should "assert itself as an active political agent." But Abdullah appeared to distance himself from Chavez's comments, saying OPEC always acted moderately and wisely.

A day earlier, Saudi Arabia opposed a move by Iran on Friday to have OPEC include concerns over the falling dollar included in the summit's closing statement after the weekend meeting. Saudi Arabia's foreign minister even warned that even talking publicly about the currency's decline could further hurt its value.

But by Sunday, it appeared that Saudi Arabia had compromised. Though the final declaration delivered Sunday did not specifically mention concern over the weak dollar, the organization directed its finance ministers to study the issue.

OPEC will "study ways and means of enhancing financial cooperation among OPEC ... including proposals by some of the heads of state and governments in their statements to the summit," OPEC Secretary General Abdalla Salem el-Badri said, reading the statement.

Iran's oil minister went a step further and said OPEC will form a committee to study the dollar's affect on oil prices and investigate the possibility of a currency basket.

"We have agreed to set up a committee consisting of oil and finance ministers from OPEC countries to study the impact of the dollar on oil prices," Gholam Hussein Nozari told Dow Jones Newswires.

Iraqi Oil Minister Hussein al-Shahristani said the committee would "submit to OPEC its recommendation on a basket of currencies that OPEC members will deal with." He did not give a timeline for the recommendation.

The meeting in Riyadh, with heads of states and delegates from 13 of the world's biggest oil-producing nations, was the third full OPEC summit since the organization was created in 1960.

Abdullah tried to take the focus off the dollar debate, announcing the donation of $300 million to set up a program to study the effect of the oil industry on the environment. Kuwait, Qatar and the United Arab Emirates also agreed to donate $150 million each to the fund, Prince Saud Al-Faisal, Saudi Arabia's foreign minister, said Sunday.

The run-up to the meeting was dominated by speculation over whether OPEC would raise production following recent oil price increases that have approached $100. But cartel officials have resisted pressure to increase oil production and said they will hold off any decision until the group meets next month in Abu Dhabi, United Arab Emirates.

They have also cast doubt on the effect any output hike would have on oil prices, saying the recent rise has been driven by the falling dollar and financial speculation by investment funds rather than any supply shortage.

During his final remarks, el-Badri stressed he was committed to supply -- but did not mention changing oil outputs.

"We affirm our commitment ... to continue providing adequate, timely, efficient, economic and reliable petroleum supplies to the world market," he said.

I got some advice from a remiser regarding 2 good counters that worth to buy,
1. hwgb (9601)
2. marco (3514)

What do u guys think ? any comment ?

Thanks

do you guys notice,

even thought KLCI is up +5 points, the loser will almost always out number the gainers!!!

pushed up by heavy weights like DIGI, KLK, AEON etc

today the whole regional market is like riding a mini roller-coaster, up & down, up & down

dizzy nia

My updates for the application for new China warrants from OSK.

Successful:
Petroch-C5 - 6,600 shares
Sinopec-C2 - 5,400 shares

Tentative listing date will be on 28th November 2007.

I think all those who has applied will be offerred the same no. of shares.

Any updates from you guys?

---

Added on November 19, 2007, 11:27 amWhat is that "Post Count problem? Click me" thingy under my avatar for? Doesn't seem to go off.

This post has been edited by Ninjitsu: Nov 19 2007, 11:27 AM

congraz, if listing day market is very positive, then you'll make money

Good performance for Sapcres today! Haha.....

my goodness, what a dum-dum share. Even positive news still stick around the same number.

congratz, two cw also bingo

the "Post Count problem? Click me" is just a guideline for newbies about which & where imposed post count. maybe you would want to read this for more info

http://forum.lowyat.net/topic/556538

The last report by S&P on marco was a strong sell
but it's warrant is a good betting tool at very cheap price and long maturity date, give me quite some profit in few turns
now my bet is on glosoft-wa

huh...

Yeah....cannot do T+3 already.

Hey Pana, thanks.

According to my remisier, all those who applied were given the same number of shares. Dunno whether dats correct or not.

What does treasury shares mean?

november really not a good month

market stays red since early november, till now, sigh

total outflow of fund greater than inlow by 3 times according to theedge....


selling pressure frm maybank (30m outflow), tnb, genting , sp setia

HSI down 0.72%
Shanghai down 1.17%
Nikkei up 0.3%
Straits Times down 0.09%

Weak regional markets.

This post has been edited by Ninjitsu: Nov 19 2007, 12:18 PM

My queue for selling Genting @ 8.00 goes through...
Recover 20% of my losses last week...

Any idea when Magnum and MPHB's gonna be re-listed?

ghosh...

MAYBANK just announced a one-for-four bonus issue last friday, tho

Yeah....really not a good month. Dunno how next month will perform. Usually during Dec, stock will go up or down??

Waiting for Parliament to dissolve and election called. Then might see some upward movement.

22nd Nov (thursday)

Cool, thanks.

add on :

22nd november, U.S market close for 1 day (public holiday)

If more and more bad news coming out, I think even GE will not help the KLCI

---

Added on November 19, 2007, 12:29 pmThis Gamuda and Sapcres really sucks. Make me in breakeven point only. Guess I really have no luck in T+3.


This post has been edited by jasontoh: Nov 19 2007, 12:29 PM

What bad news?

same here, no luck for T+3 either

nowadays not good for playing contra

red day more than green day, how to play

gamuda make lose $$$$$$$. dunno wat happen to gamuda. damn

[quote=jasontoh,Nov 19 2007, 12:28 PM]
If more and more bad news coming out, I think even GE will not help the KLCI

Don't you think the gomen will jack up gomen-related counters and key index counters before the GE?

I thought I made some wise decision to buy Gamuda (on the last day red, before Dow surges 300++ pts), and Sapcres (the last minute before the announcement made), but both really give me headache as both did not advance as much as I thought, and suddenly move the opposite way

I think they will, but if the bad news are severe, then panic selling will cause the counters to go down as well

You sure gamuda making loss?? Where you read the news? I thought they are making profit??

This post has been edited by panasonic88: Nov 19 2007, 12:54 PM

yo jasontoh, your quoting format all "run" liao, lol

anyway, i editted

now you guys reminded me

i think last night i made a dream, that SAPCRES shoot up to 2.4x

My fren in HK just told me, for those in HK who bought heavily when HSI is at 30K points, they will have to hold their shares dunno till when, bcoz HSI maynot reach 30K points in near term.

I was thinking... now KLCI is at around 1400, if it comes down like HSI, also quite jialat one.

USA credit issue and bad news kept surface up, HSI and China also shake shake, Malaysia fundamental stock is heavily dependent on foreign fund one.

This situation maybe like 'boiling frog', it go down slooowly, and no body actually feels it, slooowly red a bit, but over 6 months time, only can see the market is long term in decline trend. This is the worst case for retail investor like us.
Think also a bit takut leh. U guys have same feel or not?

i read through the latest edition The Edge during lunch break

one of the interesting thing that caught my attention is MAHSING

analyst gives a "Strong Buy" tag for MAHSING, with a 12-months target price of RM 2.61

(do read up more on it in Pg 50)

If shoot to 2.4x then good la

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Added on November 19, 2007, 1:43 pmIs it? This one I've been holding for quite some time. If reach the TP, then

This post has been edited by jasontoh: Nov 19 2007, 01:43 PM

hmmm, i read that the hk share tycoons are expecting HSI to be at 33,000 levels in 2 to 3 months time (around CNY 08)

yah, buy & hold

U bought Mahsing? Sapcres? Gamuda?

SAPCRES & GAMUDA, yes

MAHSING, will put under my watch list, will go in @ a right time