what price are you queueing axreit at? thinking of getting it also today.

i am not monitoring UEMBLDR anymore from the day i sold it
i'll never never buy that again!
and papa taught me : dun look back

That's good. Always look forwards, only learn the past.

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Added on March 4, 2008, 4:37 pm 1.64 & 1.65.

This post has been edited by cherroy: Mar 4 2008, 04:39 PM

hi...just back fr seminar......bought Genting@6.55 n some PBBANK@10.10 if drop further tomolo..might get somemore PBBANK....

Wow....you are really loaded. I still need to wait before buying Genting and Pbbank.

sometimes i really hope that i have this kind of courage & most importantly, money

congratz man, you just added two good stocks in your portfolio

i used 30% of my FD (kun choi pun) to buy them....
after seeing the interest earned fr FD..it's like only RM700 for 1 yr so little nia.....
anyway...i buy little only la....
500 unit of genting + 300 unit of PBBANk ma....

i have to sell my SAPCRES n SCOMI before i can buy more of those....

Sigh. HSI-C2 keep hovering between 0.02 and 0.025.... Make me feel like to buy at 0.02 but afraid it will down to 0.015 on next monday...... Anyone eying on this counter ?

you mean 500 lot and 300 lot??...

me. although i have sold it at lost.
i am interested to see how the price moving around.

noticed one thing,
it stays firm at 0.02 even tho there are plenty of ppl dumping the price
and it can go back to 0.025 whenever someone make a purchase

but one thing,
assuming we buy at 0.02 x 1000 lot
and we plan to sell at 0.025 x 1000 lot
i am afraid there isnt enough of buyer to buy it

he means 5 lot & 3 lot

10 lot = 1000 unit

================

which mean:

5 lot = 500 unit
3 lot = 300 unit

This post has been edited by panasonic88: Mar 4 2008, 05:12 PM

yup, pana, I afraid not enough buyer to buy from me. The volume still very thin.

thanks for explaining pana...otherwise he/she really think i'm tat loaded....
500 lot +300 lot man! hahahaha


hopefully today no more significant bad news fr US la....if not...hai....really tension tomolo
time to go home...bubye avbody....cya tomolo

MARKET TALK: KLCI Down 1%; May Fall To 1300-1310 Range - 2008-03-04 07:56:00.0


dealers say accelerated selling by foreign funds triggered by CLSA's downgrade on Malaysia late Monday. "This selldown is quite persistent. Overall, the market is still not oversold, based on charts. This basically implies that there's more downside to this market. The best strategy would be to sell into any rallies and stay out until signs of a bottoming-out emerge," says one dealer.

Salute you, even though CWs fever is over and plenty of dead body around, still you are quite keen on it.

Asian markets slide at midday

KUALA LUMPUR: Asian markets including Bursa Malaysia extended their losses for the second day this week, as investors continued to stay on the sidelines on nagging concerns about a weakening US economy and surging oil prices.

Plantation stocks were among the major losers, tracking the losses on the crude palm oil (CPO) futures, which plunged 5.8% after hitting a record high on worries that China might cap vegetable oil prices.

At 12.30pm, the KLCI was down 10.24 points or 0.77% to 1,320.37, the FBM Emas lost points 81.98 points to 8,951.06 and the FBM Second Board fell 67.84 points to 6,102.58.

Turnover was 293.90 million shares valued at RM779 million. There were 159 gainers, 440 losers while 230 counters were unchanged.

Among Asian markets, Hong Kong's Hang Seng Index fell 155.89 points or 0.66% to 23,429.09, Japan's Nikkei 225 lost 0.21% to 12,964.45, South Korea's Kospi lost 0.14% to 1,669.39 and Singapore's Straits Times Index 0.36% lower at 2,915.89.

Light crude oil was trading above the US$100 per barrel. However, United Arab Emirates Oil Minister Mohammed al-Hamli said the oil market was "adequately supplied".

According to a Reuters report, he said in Seoul that the high crude oil prices, he said was due to the weakness of the US dollar, geopolitical issued and some bottlenecks in the refinery sector.

At Bursa Malaysia, analysts said the market was undergoing attrition and advised investors to stay defensive and away from the market if the 1,320 level was breached.

They said with the run-up to polling day and also ahead of the FOMC meeting next week, investors were staying out of the market.

The major losers were BAT, sliding 75 sen to RM43.25 while DiGi.com gacve ip 50 sen to RM23. Knusford plunged 46 sen to RM1.30 but in thin volume.

Heavyweights BCHB fell 30 sen to RM10.10 and Tenaga 25 sen to RM8.70. Maybank lost five sen to RM8.90. However, Telekom rose 10 sen to RM11.30.

Kuala Lumpur Kepong gave up 20 sen to RM18.30, Asiatic 20 sen to RM8.80 and Glenealy 15 sen to RM5.20. Sime Darby lost 10 sen to RM11. However, Kwantas added 12 sen to RM4.98.

However, timber based Ta Ann jumped 30 sen to RM6.80 in active trade while wtk ADDED EIGHT SEN TO rm2.35. Other gainers were KNM, which added 15 sen to RM6.25 on its acquisition of German process equipment manufacturer Borsig for RM1.7 billion.

RHB Capital advanced eight sen to RM4.98 after the Finance Ministry gave Abu Dhabi Commercial Bank PJSC the approval to acquire a 25% stake in the banking group from the Employees Provident Fund.

URL: http://biz.thestar.com.my/news/story.asp?f...34&sec=business

Some of them are already addicted to " insomnia", quite incurable.

This post has been edited by SKY 1809: Mar 4 2008, 06:44 PM

KLCI extends losses in early trade

BLUE chips extended their losses in early trade on March 4, dragged down by losses in heavyweights including BCHB, MISC and Tenaga in absence of strong leads to attract fresh buying interest.

At 10am, the KLCI was down 6.31 points or 0.47% to 1,324.3 in thin trade. Declining stocks beat advancers 237 to 123.

Asian markets fared better, despite the uninspiring close on Wall Street where the Dow Jones Industrial Average ended 7.49 points or 0.06% lower to 12,258.9.

Japan's Nikkei 225 rose 0.75% to 13,089.34, South Korea's Kospi added 0.25% to 1,675.97 while Singapore's Straits Times Index advanced 0.36% to 2,937.19.

At Bursa Malaysia, BAT led the losers' list, falling 50 sen to RM43.50. BCHB lost 30 sen to RM10.10, Gamuda fell 16 sen to RM3.66 while heavyweights MISC and Tenaga lost 15 sen each to RM8.60 and RM8.80.

However, KNM bucked the cautious market sentiment, rising 15 sen to RM6.25 after it announced it was acquiring German process equipment specialist Borsig for RM1.7 billion in a cash deal.

URL: http://biz.thestar.com.my/news/story.asp?f...43&sec=business

Genting still an attractive bet

PETALING JAYA: Genting Bhd's current share price weakness represents an investment opportunity, said OSK Investment Bank, which is maintaining a "buy" call on the stock with a target price of RM10.55.

This is given the group's undemanding valuation compared with that of its global casino peers, it added.

"We see an opportunity to take advantage of the current share price weakness, as the group's fundamentals and future prospects remain intact," OSK said in a note yesterday.

Backed by higher income from the leisure and hospitality, plantation and power divisions, Genting posted a 26% jump in pre-tax profit to RM3.39bil for the year ended Dec 31, 2007 (FY07).

There were also one-off gains of RM1.1bil from the dilution of shareholding in Resorts World Bhd, Genting International Plc and Star Cruises Ltd (SCL) and RM337.1mil from a gain on disposal of investment in SCL.

On the leisure and hospitality division, OSK said casino patronage grew stronger than overall visitor arrivals, which led to significant growth in both VIP and grind revenue in excess of 30% and 10% respectively.

The group, it said, planned to sustain the growth momentum of its leisure and hospitality business by introducing more non-casino entertainment activities, including concerts; rolling out more electronic gaming machines; and offering cheaper hotel room packages.

OSK said the management would actively search for gaming acquisition opportunities in the region as it believed Resorts World should not confine itself to domestic operations.

It said companies that made excessive leverage during the period of low interest rates in the US from 2001 to 2003 might now come under tremendous pressure to de-leverage their balance sheet.

"This is especially so for casino property acquisitions by highly leveraged non-casino companies, which may now be plagued with rising interest costs and under-managed casino properties.

"Resorts World, with its cash-rich balance sheet and robust free cash flow generation, is well positioned to capitalise on such opportunities," the investment bank said.

Meanwhile, OSK said Genting's plantation division was a star performer, contributing 55.4% of the group's FY07 pre-tax profit.

Asiatic Development Bhd posted higher pre-tax profit and revenue for the fourth quarter ended Dec 31, 2007 on the back of higher crude palm oil (CPO) prices, which averaged RM2,888 a tonne during the quarter and RM2,500 per tonne for FY07.

"Going forward, the management plans to lock in a greater portion of sales as the current forward CPO price of above RM3,200 per tonne is very attractive," it said.

OSK also noted that there were promising developments at Genting's three Indonesian oil fields at Anambas, North West Natuna and West Salawati, all of which are currently at the exploration stage.

Furthermore, 95%-owned Genting Oil and Gas Ltd is anticipated to see the generation of cash flow from the Indonesian Muturi production-sharing contract late this year.

OSK said when the unit sold its 45% stake in Muturi to BP Global Investments Ltd in 2001, it had retained long-term rights to a deferred share of future pre-tax monthly income from the production-sharing contract.

"We believe that contribution from the oil and gas (O&G) division could potentially rise by more than five-fold to RM212mil by FY2009/2010 as production in Muturi increases," it said.

URL: http://biz.thestar.com.my/news/story.asp?f...64&sec=business

This post has been edited by David83: Mar 4 2008, 06:48 PM

I think Genting is currently buying back its shares at about RM 6.55. Could be wrong anyway.

Note : Resort just bought back 724,800 units.

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Added on March 4, 2008, 6:55 pm Malaysia Shares End Down 1.2%; 1300-1320 Eyed

04/03/2008



KLCI ended down 1.2% at 1314.02 in thin volume, off intraday low of 1311.98. Rising concerns U.S. economy may slip into a recession, coupled with CLSA's downgrade on Malaysia late Monday weighed on investor sentiment with foreign funds leading the selloff, dealers say. Market breadth negative with decliners outpacing gainers 521 to 218. Dealers tipped benchmark index to trade in 1300 (psychological support) to 1320 range tomorrow. "The global financial system is at great risk; investors are naturally wanting to move from equity holdings into cash," says dealer, adding "we've not seen the end of bad news from the U.S.." Among decliners, Commerce-Asset (1023.KU) down 1.9% at MYR10.20, Maybank (1155.KU) down 1.7% at MYR8.80, and Public Bank (1295.KU) down 1.9% at MYR10.10. Among gainers, UEM World (1775.KU) +1.2% at MYR3.34, RHB Cap (1066.KU) +1.2% at MYR4.96 and IJM (3336.KU) +0.7% at MYR7.15. (ALE)

This post has been edited by SKY 1809: Mar 4 2008, 07:05 PM