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 Election coming up?, Time to buy GE counters?Any to recommend

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TSkinwawa
post Jan 6 2008, 02:39 PM, updated 18y ago

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Sunday January 6, 2008

Election fever gets hotter

By LOURDES CHARLES and MAZWIN NIK ANIS

PETALING JAYA: The general election fever just got hotter - leave for all police officers and personnel has been frozen indefinitely.

A circular was issued to that effect last month, and Inspector-General of Police Tan Sri Musa Hassan told The Star that the main reason for the freeze was to conduct dry runs for the next general election.

"We have several reasons for doing so; the main reason being that we need to have dry runs. There are many things that we need to do when the elections are called. We must be prepared."

Musa said his officers had been briefed about what needed to be done and he expressed hope they would pass the message down to the men on the ground.

Sources said that leave would only be approved for those facing emergencies, adding that Musa wanted to ensure that fewer than 10% of the 95,000-strong force were away at any one time.

The Election Commission is also getting down to serious work. Commission chairman Tan Sri Abdul Rashid Abdul Rahman reiterated that the elections are near, adding that he was "not joking" about the matter when he first spoke of it.

"In fact, I'm dead serious about it," he said in an exclusive interview.

Abdul Rashid said he was not trying to show that he had the "power" recently when he said the elections would be held soon.

"I purposely said that to remind everyone - voters and political parties alike - to be ready as the elections will be held soon.

"I just want to be fair to all. Democracy works when participation by political parties is vibrant on the ground. We would like very much to encourage as many parties to participate in the elections as possible, hence the 'warning' so that everybody can be prepared," he said.

Pressed for a more specific date, Abdul Rashid, who would be taking charge of the running of his seventh election, said:

"When I say the election is around the corner, you better believe me because it is not a joke. It is definitely not a joke. You don't joke about these things."

Abdul Rashid said the EC had been told that it was time to prepare for the elections, adding that it had already been making the necessary preparations since last year, when he issued notices to secretariats nationwide to "get cracking".

The EC chairman said Malaysians should consider themselves blessed for having good electoral practices, despite claims by some parties to the contrary.

"Some countries can't even form a government, let alone a good government. Here, due to good electoral practices, we have a legitimate government, chosen by the people.

"There have been peaceful elections; we are blessed with that," he said.

On his being the target of Bersih, Abdul Rashid said the group did not understand election laws and had demanded that certain changes be made, when the commission had no power to do so.

"We work within the framework of the law, nothing more, nothing less. The Bersih group made several demands and I told them that the things they demanded were beyond us," he said.

Abdul Rashid hoped that the next general election, which would be his last as EC chairman, would be smooth, controversy-free and successful.

This post has been edited by kinwawa: Jan 6 2008, 02:41 PM
SUSDavid83
post Jan 6 2008, 08:12 PM

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GE counters? Or GLC counters?
skiddtrader
post Jan 6 2008, 10:07 PM

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If you've noticed the past week, the KLCI index has been pushed to upwards starting with steel counters to plantation and the heavy weight KLCI counters. If you think another segment like properties is going to be pushed up on Monday and the counter is a KLCI heavy weight, you can try to speculate on it and sell it when the counter is push 5-10% higher. Always remember the mantra of "Buying on rumours and selling on news"
when speculating. The counters being pushed up will most likely faced a downward pressure when GE is announced or when GE is over. Becareful not to be trapped by the upward surge.
TopGunn
post Jan 7 2008, 02:20 AM

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QUOTE(skiddtrader @ Jan 6 2008, 10:07 PM)
If you've noticed the past week, the KLCI index has been pushed to upwards starting with steel counters to plantation and the heavy weight KLCI counters. If you think another segment like properties is going to be pushed up on Monday and the counter is a KLCI heavy weight, you can try to speculate on it and sell it when the counter is push 5-10% higher. Always remember the mantra of "Buying on rumours and selling on news"
when speculating. The counters being pushed up will most likely faced a downward pressure when GE is announced or when GE is over. Becareful not to be trapped by the upward surge.
*
I'm agreed with u.. next will be government link projects.....property share wil be the next... drool.gif
lun86
post Jan 7 2008, 09:18 AM

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PACMAS!!!:D
panasonic88
post Jan 7 2008, 09:19 AM

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like cherroy says, CI up 30 points++ on last friday, that is already a pre-GE rally rolleyes.gif
skiddtrader
post Jan 7 2008, 09:25 AM

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QUOTE(TopGunn @ Jan 7 2008, 02:20 AM)
I'm agreed with u.. next will be government link projects.....property share wil be the next... drool.gif
*
Talking about property counters, other than SPSETIA and MAHSING, what other property counters are usually popular with traders? hmm.gif
TSkinwawa
post Jan 7 2008, 10:07 AM

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QUOTE(David83 @ Jan 6 2008, 08:12 PM)
GE counters? Or GLC counters?
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errr...maybe UMNO-linked counters???hehehehhe tongue.gif
ts1
post Jan 7 2008, 10:58 AM

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putera............
TopGunn
post Jan 7 2008, 11:25 AM

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QUOTE(skiddtrader @ Jan 7 2008, 09:25 AM)
Talking about property counters, other than SPSETIA and MAHSING, what other property counters are usually popular with traders?  hmm.gif
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can think abt GAMUDA.... hmm.gif

Gamuda Receives Investment Certificate For Massive Vietnam Project


KUALA LUMPUR, Jan 2 (Bernama) -- Gamuda land Vietnam LLC, a subsidiary of Gamuda Bhd in Vietnam has been granted an Investment Certificate by the Hanoi City People's Committee to develop the Yen So Park project, located south of Hanoi city centre.

In a statement today Gamuda said the development involved the design and construction of a RM1.5 billion sewerage treatment plant, the biggest in Vietnam catering to 50 percent of Hanoi's sewerage needs, and Vietnam's largest public park, to be completed by 2010.

The company received the Investment Certificate on December 31, 2007.

Gamuda will be also developing a new urban centre and residential townships at the location which are expected to generate a gross development value of RM8 billion over the next eight to 10 years.

It said construction works on the project has already started with an officical ground-breaking ceremony held last month at the project site.

The project is expected to begin contributing strongly to the Gamuda group's earnings with the financial year ending July 31, 2008.

-- BERNAMA



panasonic88
post Jan 7 2008, 12:34 PM

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GAMUDA, one of my favourite counter biggrin.gif

they have a lot of projects on hand, they pay good dividends too.
hexen7
post Jan 7 2008, 03:17 PM

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gamuda already moving!
TopGunn
post Jan 7 2008, 04:23 PM

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QUOTE(hexen7 @ Jan 7 2008, 03:17 PM)
gamuda already moving!
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Having study this counter in detail, price already moving fast....see how high it' can go today..... whistling.gif
ataris
post Jan 7 2008, 04:26 PM

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gamuda ? is it really viable ?
TopGunn
post Jan 7 2008, 04:45 PM

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QUOTE(ataris @ Jan 7 2008, 04:26 PM)
gamuda ? is it really viable ?
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investers are chasing for the coming dividend??? thumbup.gif

First Interim Dividend 12.5%

Entitlement Details:
First interim dividend of 12.5% per RM1.00 ordinary shares less income tax at
26%


Entitlement Type: First Interim Dividend
Entitlement Date and Time: 16/01/2008 05:00 PM
Year Ending/Period Ending/Ended Date: 31/07/2008
EX Date: 14/01/2008
To SCANS Date:
Payment Date: 30/01/2008
Interest Payment Period:
Rights Issue Price: 0.000
Trading of Rights Start On:
Trading of Rights End On:
Stock Par Value: 1.00

Share transfer book & register of members will be closed from to (both dates inclusive) for the purpose of determining the entitlements

A Depositor shall qualify for the entitlement in respect of:
- Securities transferred into the Depositor's Securities Account before 16/01/2008 04:00 PM in respect of ordinary transfers.
- Securities transferred into the Depositor's Securities Account before in respect of express transfers.
- Securities deposited into the Depositor's Securities Account before in respect of securities exempted from mandatory deposit.
- Securities not withdrawn from the Depositor's Securities Account as at .
- Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE.

Registrar's Name and Contact:
Insurban Corporate Services Sdn Bhd
149, Jalan Aminuddin Baki
Taman Tun Dr Ismail
60000 Kuala Lumpur
Tel: 03-77295529



skiddtrader
post Jan 8 2008, 10:21 AM

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QUOTE(TopGunn @ Jan 7 2008, 04:45 PM)
investers are chasing for the coming dividend??? thumbup.gif

*
Unlikely, the counter would have already taken the dividend into it's price the moment the announcement about the dividend was made. This is the pre-GE rally!! YARRRR!!!!
TSkinwawa
post Jan 8 2008, 10:31 AM

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ya.......GE rally it is! good good.....go go UEMBLDR!
TopGunn
post Jan 8 2008, 10:31 AM

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QUOTE(skiddtrader @ Jan 8 2008, 10:21 AM)
Unlikely, the counter would have already taken the dividend into it's price the moment the announcement about the dividend was made. This is the pre-GE rally!! YARRRR!!!!
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for property/contruction counter, let's guess who will be the next to goreng.....PUTRAJAYA PERDANA!!!???
beginner
post Jan 10 2008, 06:26 PM

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Tebrau, MRCB, ECM Libra, UEM, EQUINE would be the few top picks of mine if i would to go for GE play.
smile.gif
but not really that much into theme play, i still believe in fundamentals better.
hehe...
KingRichard
post Jan 10 2008, 08:25 PM

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QUOTE(TopGunn @ Jan 8 2008, 10:31 AM)
for property/contruction counter, let's guess who will be the next to goreng.....PUTRAJAYA PERDANA!!!???
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PJDEV? Someone told me it's link to najib... hmm.gif

GE aside, seems the counter has not moved very much - some analysts put tp at rm 1.20+

even then it is trading below it's NTA of rm 1.54 (not many property counters trading below it's NTA nowadays) and with a single digit PE ratio

This post has been edited by KingRichard: Jan 10 2008, 08:27 PM

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