That's the reason I don't like Genting as long term target although it is one of the fundamental strong one.

For second bridge, just premilinary work only. But the first bridge expansion work is already half way already.

Poh Kong is not a gold manufacturer (digging gold mine) one lah.

I noticed today market is quite 'funny' to monitor also.
Market goes up then lose steam, then goes up again (almost the same with previous high level) then lose steam again. <-- typical technical rebound but can't have a break through.

Telekom spin off its cellular business to TM International.
So what left in Telekom is fixed line business and broadband only.

Not actually, Asian bourses are among the hardest hit around the world. See how much STI and Nikkei has drop, from 3,700 to current 2,800 level, Nikkei from near 18,000 to less than 13,000
Meanwhile, US and Europe just drop more than 10-15% from its peak, while Asian bourses are more severe, left not much room to drop further unless Asian economy also fall into recession.

WB likes those well managed company and lesser political 'flavour' one.

Sapcres? Too tiny for him. If you keep track on his investment, often one shoot already 1 billions (USD), so the size of Sapcres is too small, buy up the whole company already. Haha.


It just shows the severity of US credit market currently that Fed is desperate to cure it. Current main problem is, after subprime 'bomb' exploded, banks and financial instituition reluctant to lend money even with each others. It is actually not lack of liquidity but lack of confidence in credit market as nobody knows who is carrying those 'bomb' and amount of it. So Fed keep on pumping liquidity (money) into the market, hope credit market will be restoring to normal conditiion and banks willing to lend again. If Banks reluctantly to lend, it is just like putting handbreak on the economy.

Fed will pump 200 billion into the financial market by allowing banks and primary mortagager borrow with thier mortgages as collateral for 28 days.

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Added on March 12, 2008, 9:13 amYou never know, FKLI is trading at 20 points discount compared to cash market currently, which might indicate something else.

A single move by Fed won't solve all the problem, it is a temporarily fix as those 200 billion loan are meant for 28 days period.
Time is the ultimate solution of subprime mess and eventually market will get through it.

KLCI is approaching its 2/3 of technical rebound of the 123 points drop on Monday, might be crucial for it to hold on, otherwise based on chart, it is still a technical rebound rather than market turn the corner.

This post has been edited by cherroy: Mar 12 2008, 09:15 AM

Sapcres was political linked, I had posted its history before.
Before it was political linked i.e. before bought by Renong group, it is indeed a good stock.

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Added on March 12, 2008, 1:46 pmNeed to look at bigger picture sometimes.
Yup, DJ up 400+ points but just prior before yesterday, DJ was down more than 200+ and 100+ and has a consecutive losses of several days, it just recoup the losses due to positive news from the Fed. Not very big deal actually. If it can pull a string of several hundred points rise consecutive for few days and rise back to 13k+ level, then it is big deal and can say market turn the corner.

Remember US market is not like ours, there are plenty of short position espeicially currently bearish trend so whenever some news that are bullish for the market, short sellers are squeezed to cover their position.

This post has been edited by cherroy: Mar 12 2008, 01:48 PM

False.

It is 50k unit of par value of Rm0.10 is being issued for its employee under the ESOS. But the ESOS subscription price is not Rm0.10. It was pre-determined by previous market average value with some discount (usually), the employee of the company are not buying at Rm0.10.

If one really interested to know the issuing price then need to check back when the ESOS is approved and when the price is detemined.

This post has been edited by cherroy: Mar 12 2008, 02:15 PM

UEMBuilders is the party that is doing the bridge expansion project, second brigde don't know.

Warrant fair price is not calculated like that especially those has long time before expire one.

It is norm for warrant price has some premium over the mothershare, as you save the cost of holding of mothershare.
Just like IJM case, you save the initial capital of Rm4.80 while getting the same effect of rise of the mothershare. Those Rm4.80 can be saved in FD to earn interest out of it if the warrant has 3-4 years to go.
Also At Rm1.60, the max you can lose is Rm1.60. But if you bought mothershare at Rm5.65, and if mothershare drop to Rm2.65, you lose Rm3.00, compared to Rm1.60 with warrant.

There is a formula to calculate the fair price of warrant as well.

This post has been edited by cherroy: Mar 12 2008, 03:07 PM

Market 'colour' starts changing liao.

Just like Pana said, once it is over, then it is over. I also had said 4239590 times already, once the particular 'goreng' season over, then no more fish is waiting you to catch, just lot of 'dead body' around.
Don't be too stubborn (no offence though) in stock market, follow the market trend. Fighting against the market is not a good strategy especially for short term trading purposes.

This post has been edited by cherroy: Mar 12 2008, 11:09 PM

TNB tariff 90% won't be reviewed as BN gov suffer major blow in election, that's why you see after election result come out, it is one of the stock suffer the most.
It is making worse by the oil price touching USD 110 which will mean high cost for diesel, coal and fuel price. Its finance result can easily turn into negative if fuel price continue to rise and without tariff increment. <-- that's the major concern and lead to share price drop so significantly.

It was around Rm4.+ back 1998. I can remember because back then, I and my family members all aim to enter at Rm5.00 but it still plunged down afterwards, some 'chicken out' after below Rm5.00.

In stock market, even you have holding power, it doesn't mean you will make money out of it over long term, especially choosing the wrong stock to hold. <-- that's why people need to study and making analysis out of it to prevent choosing the wrong stock for long term.

Also long term holding is not mean hold for 3 months or 6 months, for a really good fundamental stock, long term holding might mean holding for 3-5 years at least.

This post has been edited by cherroy: Mar 13 2008, 10:57 AM

Still eyeing, but will wait the market more stablise a bit before commit, I still feel market still too volatile and has not settle down, especially if you have read my previous post, I am not convince even though DJ was up 400+ in previous day.
But Rm 6.70, although might have some room to downside, but can consider take 1 or 2 then use average down method, if you have enough bullets then go for mid-long term.

I got plenty of patient as the most important is to have enough 'bullets'. No point shooting the bullet fast in the down trend market, one piece at a time.

In currently market situation, short term (80%) will mean losing money, as market is in down trend mood. Only can gain through some technical rebound in between, but you need to enter the low point which is hard to time one. Timing the market is the most difficult and almost impossible to do it, it depends on luck if you can get the lowest. No point searching for it.

This post has been edited by cherroy: Mar 13 2008, 11:05 AM

Believe or not, one makes better decision if monitor less on the market.

I am a little bit worry on US front as well. Believe or not, USD is in crisis now, just newspapers and media not that widely report. You see when in Asian financial crisis, currency of respective countries drop more than 50%. Now USD situation is almost the same, drop around 40-50% against Euro, 30% against Yen, and at least 20%+ against others.

Wah, this is the first time I heard people say this company management is good.
No offence.

This post has been edited by cherroy: Mar 13 2008, 02:02 PM