V10 is coming

Gamuda selling is quite stubborn, keep on coming up one.

TFP (Mesdaq) is a poor fella, listing on wrong day.

Recently IPO become a losing game liao.

This post has been edited by cherroy: Feb 22 2008, 04:45 PM

The sellers just back from friday's prayers, could be caught in traffic jam just now.


They call to boycott this stock for Year 2008 ( just read )

---

Added on February 22, 2008, 4:45 pmWhile a potential M&A deal could be an upside risk, we reiterate Gamuda as a top stock to avoid for 2008,"

This post has been edited by SKY 1809: Feb 22 2008, 04:45 PM

ah i know where you got that source from
from morganmarket.com right, i read about that this morning too

========

anyway, reportin' in

Catwoman not challenging Spidey, but teaming.
Need to change the Feng Shui animal for better luck ahead keh-keh.

gamuda will close <4.00 liao....

haha your catwoman eyes very "tajam" oh

i seriously feeling sleepy la
why market has yet to call it a day

hope gamuda has got nothing to do with accounting irregularity

oh please, not another TRANMIL or MEGAN...
GAMUDA used to be my favourite counter.

Another Black Friday.......

Notice that contruction stocks, political linked stocks (like MRCB, Tebrau) all being hit hard in recent 2 days drop.

yaya.....r they cashing to get some fund for GE????

. Bought another 1k lots of HSI-c2 at 0.025, last min bounce back to 0.03.

GE cash out and CPO downtrend, offload lor.

Money needed to print banner, poster ...etc

wow alivecmh, did you see the magical moment on HSI-C2?

very last second before 5PM, someone pushed it up with volume = 1

fuiyo!

dreams_achiever reporting in..
the first 100 version for LYN stock market thread..yahoo..

wonder whether next monday will be good day or not.
depend whether tonight DJ will closed as BLACK FRIDAY or not..

you..you buying again! *speechless*

very sensitive issue. Got projects but cannot appoint your own sub contractors, how to make money ?

Last time, Ali BaBa and now Baba Ali.

This post has been edited by SKY 1809: Feb 22 2008, 05:13 PM

wah...u c...last 10 mins the volume surged so much!!!!

Erm..buying 1K lots at 0.025. from brokerage fees, u did loss quite alot from normal fees.
minimum fees is RM28. ur normal cost is ard RM12++

Everyday last 10 min like that one.

Ya lo, I wondering how those ppl knows that buying 100 shares can push up the stock price by 1 bit at last min.

Wil not buy anymore hsi-c2 from now on cause i used up all my budget that allocate for this counter

This post has been edited by alivecmh: Feb 22 2008, 05:21 PM

Contract note is accumulated one for the whole day, the fella bough 1 lot (x100) doesn't necessary only buy 1 lot only, may be already bought some for today, then last minute take 1 lot to make it close 'higher'.

It is quite a norm now in KLSE to make last minute transaction to make it closed a little bit higher.

Silly Question here, How tat fella knows that 1 lot can make it higher ? Is there a way to estimate ?

Oh...i mean volume of post in our forum in last 10 min so much......till now V10 liao! hehehehe
Njoy ur weekends ppl!

Today many many post especially when the market about to close

Wah, I'm like so late for V10. Congrats!

Do Not worry. There are no free gifts for early birds.

Hi，everyone here,just to inform you before hand,this practice of making last minute one lot transaction thing to influence the closing price will soon be thing of the past.

Bursa is now in the final stage of testing a new trading system known as Bursa Trade.One of the salient point of the system is that there will be a pre-opening and pre-closing price determination process based on supply and demand. The pre-closing price determined will be the closing price for the day and all tradings done after that (for a duration of about 10 minutes)will be based on that price.So,it will be very difficult and costly to influence the closing price since the supply and demand will be transparent to all market participants.If one try to push up the closing price by putting in a large buying order,there is a possibility that a lot of sellers will take advantage and sell to the buyer.The whole mechanism is more complex than what I explained here and if you would like to know more,the details are available in the Bursa website under "Bursa Trades".

The new trading system is expected to go live in April.

Thank you for sharing the info.

Just a bit of curious, is the practice in line with other parts of the world, or sound like another "currency control " to me.

Is it in line with free market forces or buy low and sell high ?

How the investors know what are the pre determined prices of let say 1000 counters during the last 10 minutes ?

DJIA starts the day with:

12,279.99 -4.31 -0.04%

Just a bit of curious, is the practice in line with other parts of the world, or sound like another "currency control " to me.

This is already practised in many advanced countries,The new trading system is supplied by a company known as Euronet which is owned by many world reknown bourses in Europe.



Is it in line with free market forces or buy low and sell high ?

In my opinion,the new system is superior to the existing system as the true supply and demand forces will determine the pre-opening and pre-closing prices.



How the investors know what are the pre determined prices of let say 1000 counters during the last 10 minutes ?

The buyer and seller queing during the price determination process is shown in our(remisier)computer.I presume the same information will also be available to all those clients who access their broker's website for online prices.




My reply is based on Briefings and notes given by Bursa.Do correct me if I got it wrong especially our forumer who knows the new system better,DeVils,where are you?

The new system is not new to those who currently trades FKLI and FCPO,it's already in use there.

This post has been edited by lklatmy: Feb 22 2008, 11:16 PM

It is as same as the FKLI currently. The last 5 minutes of trade, all are being done in one price which is determined by supply and demand aka the system will do automatical matching for it. You can see the quantity of the queue, but you don't get the price done, only after the market close then all are being revealed and matched.

It is a good way to avoid price manipulation for higher closing price at last minute, which is widely being 'abused' now especially when you see 1 lot being done pruposely to make it close higher.

This post has been edited by cherroy: Feb 22 2008, 11:11 PM

Thank you.

I believe it is based on weighted average of " last 10 minutes " transactions. correct me if i am wrong ?

after reading this " Bursa Trade", I find it quite complicating.
I guess after implementation of this system, people are unable to make one lot transaction to influence the closing price? So, no more way to make our portfolio looking good.

---

Added on February 22, 2008, 11:38 pmBut though being 'abused' , isn't it better this way as price is closed higher?

This post has been edited by sharesa: Feb 22 2008, 11:38 PM

"
Bursa present system i think is more than 10 years old . They are coming out something like the windows "Vista."

Whether user friendly or not , it is a big question. The system is copied " from other parts of the world "

This post has been edited by SKY 1809: Feb 22 2008, 11:43 PM

hmmm.. so, you mean you also prefer the present system?

Not exactly.

But I do not want to use Vista unless XP is totally obselete. why wasting so much resources and money , and Bill Gate treat us like "a tool " for him to test or do trial run.

No,it's not the weighted average.

The new system goes briefly this way,At 4.45pm,determination of pre-closing phase will begin,all matchings will halt but buying and selling orders can continue to be input into the system and will queue at various prices.The system will at 4.50pm,determine the price where maximum buyers and sellers could match and that will be the closing prices for the day.All orders input during this phase and can be matched will be done at the determined price.

From4.50to 5 pm,this phase is known as "trading at close".During this period,all new orders can only be keyed in at the determined price and if there is a counter party available,orders will be filled.Orders input at price other than that determined will automatically be rejected by the system.

This post has been edited by lklatmy: Feb 23 2008, 12:05 AM

IC.....i'm using vista but many of my equipments incompatible with it, still 'd 'ol XP much better. Sorry, off topic liao.

---

Added on February 23, 2008, 12:02 amso, what is the benefit for retail investors? Looks like none...

This post has been edited by sharesa: Feb 23 2008, 12:02 AM

Please be informed that your query has been refer to the appropriate authority for further action,I believe that a reply will be forthcoming in due course from DeVils the forumer from Bursa.

Bursa going to take the views from retailers from this forum ? Serious, kah ?

Since when ?

Sorry, do not mean to flame you.

4.45 it starts...that means 4.40 until 4.44 fund manager push up the price la hehe

DJIA closed the day with:

12,381.02 +96.72 +0.79%

There is no direct benefit for everyone, just to avoid last minute manipulation as we had seen many many times, KLCI suddenly shoot up 5-6 points in last minute. It is just for the closing price more accurate reflecting the situation.

Sometimes a stock for the whole day trade at 10.00 then last minute with 1 lot done (due to no seller queueing) then the 1 lot done at 10.30 which eventually the closing price become 10.30 and index being calculated with 30 cents rise.
If one didn't monitor the market one, simply look at newspaper reporting, you will think: oh, great my stock up 30 cents today, in fact, it is just because of 1 lot being done.
Or someone didn't monitor the market one, then see the closing price is 10.30, then next day, straight away call the remiser to buy at 10.30, in fact, it falls back to 10.00 or 10.10 next day then person is being 'cheated' by the closing price already.

This situation particular pronounce on some low liquuidity stocks even on some blue chips stocks like Petgas, BAT etc whereby there is not many queue between sellers and buyers also.

This post has been edited by cherroy: Feb 23 2008, 09:02 AM

now I get it. Thanks for explanation Cherroy.

---

Added on February 23, 2008, 9:05 amhei........Lyn forummers' stockholdings is some percentage of whole Bursa , yunno

This post has been edited by sharesa: Feb 23 2008, 09:05 AM

Sometimes it has to be fair to everyone because share market is an equal playing field.

There is a stock called Pharma then went up about 70sen with only 1 lot done, and then suspended. Did Bursa not aware of the manipulation going on ? Did they send out any query so far ?

Someone said the minorities have to buy back UEM world co shares at a premium, is it fair also ? afterall, share price had oledi pushed up by 70sen in first place.

The damages from unseen hands and "deemed" acceptable practices are far more damaging. than a last 10 minutes action.

Share prices of listed stocks in Bursa oledi starting to come down, even if regional and us markets are doing all right.

Sorry, do not intend to flame you, just speaking out for the silent minorities.

This post has been edited by SKY 1809: Feb 23 2008, 10:02 AM

Yes, good for beginners to know. I used to fall into that trap before too. After pay 'tuition' fees, then learn lah.

Yup, minorities shareholders most of the time being 'bullied' one.

For long term investment, that's why old timers in the market often/mostly advise people to avoid political linked stocks if can and choose those sincerely looking after the minorities shareholders one. <-- a generous dividend (as much as they could based on profit) can be seen as one of the way looking after the minorities shareholders. This is why one of the reasons I bought Reit as well, as Reit needs to distribute at least 90% of their profit to the shareholders. There are some good stocks that also giving out as much as they could.

Regarding the UEM issue, still can't find a logical answer for UEMworld to offer their shareholders to buy at 15% premium. If one is the shareholder of the company, and the company owning the shares, isn't it indirectly one own those shares? shouldn't being giving out porportional to their shareholder? Instead it is now shareholders need to fork out money (some more expensive than market price) to buy those shares rather than being given.

This post has been edited by cherroy: Feb 23 2008, 11:21 AM

DJIA closed at +96.72 (0.79%), hopefully monday got technical rebound after the heavy slump in these few days.

---

Added on February 23, 2008, 10:52 amhttp://biz.yahoo.com/ap/080222/the_week_ahead.html?.v=2, In US, you can know what companies going to announce their financial report, why not here ?

Or I can get it from somewhere. Anyone to share pls ?

This post has been edited by alivecmh: Feb 23 2008, 10:52 AM

Foreign-led selling drags down KLCI

PETALING JAYA: The KL Composite Index (KLCI) lost more than 25 points yesterday, falling to 1,369.48 at the close, its lowest level in a month.

The benchmark index rebounded from a day's low of 1,354.71 but was "mirroring" the trading movement on Jan 22, when there was a market sell-off, TA Securities technical analyst Stephen Soo told StarBiz.

On Jan 22, the KLCI closed at 1,354.48 points.

According to KL-based fund managers, the market saw foreign-led selling that dragged down heavyweights Sime Darby Bhd, MISC Bhd, IOI Corp Bhd, Tenaga Nasional Bhd and MMC Corp Bhd, among others.

Gamuda Bhd, the country's second largest construction player, saw its shares fall for a second consecutive day, down 28 sen, or 6.67%, to RM3.92.

On Thursday, Gamuda founder Datuk Lin Yun Ling cut his stake in the company to 1.7% from 5.2%, causing a 15.67% daily drop in the counter.

This comes as regional property stocks also tumbled yesterday.

Construction counters IJM Corp Bhd and MMC fell three sen, or 3.97%, to RM7.25 and 26 sen, or 6.4%, to RM3.80 respectively.

Soo said: "For the next two weeks the market should be range-bound between 1,340 and 1,400 points.

"However, it depends on regional markets. If they rebound and trigger a rally, there is a possibility of the KLCI breaching the 1,400-point level in the next two weeks."

In the near term, Soo expects the index to range from 1,350 to 1,380 points.

The 1,340-point level was a very strong support level as it was a triple-bottom reached in intra-day trading in October, November and January, he added.

According to fund managers, another reason for foreign selling yesterday was the expectation for further rate cuts by the US Federal Reserve which would make borrowing costs in Malaysia less attractive compared with the United States.

Morgan Stanley Research, Asia/Pacific in a Jan 29 report said it expected Bank Negara to "keep rates on hold".

"However, if the growth slowdown surprises on the downside, we believe the central bank will tilt towards addressing growth concerns and the risk with regard to policy direction are skewed towards easing, particularly given that the Fed is likely to bring the target rate down further than we previously expected to 2.5%," the report said.

Regional markets were down yesterday on US recession fears as the Dow Jones Industrial Average fell more than 140 points in overnight trading to 12,284 due to weak manufacturing report from the Philadelphia Federal Reserve Bank.

Bloomberg reported that the Federal Reserve Bank of Philadelphia's general economic index fell more than forecast this month to -24, showing the margin by which more firms reported a decrease in activity instead of an increase.

Meanwhile, despite talk of foreign selling, the ringgit closed at a new high of 3.21 against the US dollar as Asian currencies rose on speculation that central banks in the region would allow currency advances to curb inflation.

The ringgit yesterday weakened against the euro and pound sterling at 2.7709/7742 and 6.3256/3311 respectively.

URL: http://biz.thestar.com.my/news/story.asp?f...83&sec=business

If FF sell our blue chips, it is not just simply because of UEM as political connected stock or gamuda's director selling shares.

These are just on the surface " stories ". You need to understand why FF want to pull out of Malaysia at this moment . Figure out for yourself.

Stocktube is a good place to know something.

This post has been edited by SKY 1809: Feb 23 2008, 07:44 PM

There is question that need to ask here:

Why there is new call warrant named as CHMOBIL-CA and CHMOBIL-CB?
I tot all foreign call warrants ended as 1,2,3... And local call warrants ended with A,B,C..
But now seem the situation is reversed..

Gamuda still dropping huhhhh

come on....go up somemore SCOMI...h.ehehe

I think scomi will not move much. Same goes to Sapcres. Just have to see how, after election.

hahhaha......with the current market condition....just wait n be patient lo....just to cheer myself up hhehehehe. If it doesn't drop much, already a blessing

Hey Guys,

Would like to know which Online Stock is better? Maybank? RHB or?

Which one should I sign up for

Thank You!

gamuda may hv heavy selldown frm foreign tranche la....MD wanna leave in 18mths maybe sooner...i guess may b due to MMC-Gamuda project..got strong objection frm malay contractors chamber wan 30% of the deal

i use zoomFinance

www.zoomfinance.com

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Added on February 25, 2008, 10:42 amwhat happen to gamuda, dropping 40cents now.



This post has been edited by Suk: Feb 25 2008, 10:42 AM

Welcome to Malaysia

My guess is if they use 1,2,3 then it can be until 9 (which will be reaching, now 7 liao) only due to alphabet limitation on the code name of the computer system, code name cannot be more than 7 alphabet, while at back (after abc-xx) can be 2 alphabet only, so C10 become 3 alphabet, so in this case, may be they have to rewrite their software just to accomodate the C10 but with ABC, they at least can use 20+ times, temporarily solve the problem.

Just pure guess, I might be wrong.

wah...all dropping again....whether US up or down....our market also tumbling.....i think GE has to end FAST! hehehhe

GAMUDA : 3.30, next

GAMUDA is going to be a very cheap stock soon..........dare to take the risK??? hehehehe

lol i didnt say i want to buy

kinwawa, PBBANK ex-date is on this wednesday oh. still have today & tomorrow to buy in order to get the dividend (the price is pretty high now, tho)

Thanks cherroy for ur kind explaination.
Noted. At first, i tot both are different for this case. Now, basically it is just same as other foreign call warrants. Only just limitation in our local bourse system.

Really Malaysia boleh..haha.

hahaha...thanks for d info! Yeah..rite now still too xpensive for me leh....after ex-date if it dropped more then i will start accumulating la....i wanna join ur gang liao! hehehehe

good good, i am collecting money to buy more PBBANK too after the exdate. hoping to buy at around 10.30 to 10.40

ohyah, calling ahchin! i am jumping off from IOI liao, take money & keep for rainy day~!

CPO at 3800! Up a whooping 120!

Man, this is shy-rocketing non-stop, won't do good for our daily life --> inflation.

This post has been edited by cherroy: Feb 25 2008, 11:35 AM

He Bought a lot of Gamuda last week at RM 4. Now no eye see.

serious huh? he told you?

Strictly P & C. can be sued for no reason.

i did mentioned shit happened at gamuda...look like uxnoputra is forcing him out

"Bargain-hunting in some blue chips, plantations and property stocks is evident, but this could just be a technical rebound"

wooo P&C, haha!
i thought he is those "safety comes first" fella
IOI, PBBANK heavyweight shares are his favourite

he didnt set a cut loss point, huh?

Are you a Reporter by profession ?

i dont see anything interesting
maybe i see the urge to have more moolah with me during crisis time like now

i catch no ball

Sign of inflation is on the way.

DJ MARKET TALK: Credit Suisse Cuts KFC Malaysia Target To MYR5.50 - 2008-02-25 03:27:00.0



0327 GMT [Dow Jones] STOCK CALL: Credit Suisse keeps Underperform call on KFC Holdings Malaysia (3492.KU), cuts target price to MYR5.50 from MYR7.00 after lowering EPS forecasts 5%-8%. Notes KFC's FY07 net profit of MYR104.3 million was inline with consensus, sales +14% on-year, but operating profit only +3% at MYR161.9 million. "We expect operating profit margins to be squeezed further in FY08 and FY09. Raw material costs continue to rise, with current spot prices for corn and soy meal being 32% and 42% higher than FY07 averages, respectively. KFC is also expanding its integrated poultry operations, where margins are thinner," analyst says in report. Stock down 3.2% at MYR6.10. (ALE)

---

Added on February 25, 2008, 12:30 pmDJ MARKET TALK: Malaysia Construction Cos Still Expensive -Citi - 2008-02-25 01:27:00.0



0127 GMT [Dow Jones] STOCK CALL: Citigroup's Choong Wai Kee says valuation multiples of Malaysian construction companies remain demanding; still too early to bottom-fish despite recent correction. In report, Choong says move by Gamuda's (5398.KU) MD Lin Yun Ling to sell almost his entire stake prompted fears industry may be peaking. Despite falling more than 20%, "Gamuda is now trading at 18X calendarized 2008 and about 11X 2009 earnings," he says. Keeps Hold call on stock with MYR4.80 target price; share down 5.1% at MYR3.72. Notes, local contractors have been aggressively venturing into Middle East, India and Vietnam due to lack of local jobs, but "execution in some projects has proven challenging, raising concerns that margins and earnings could be at risk of disappointment," he adds. (VGB)




This post has been edited by SKY 1809: Feb 25 2008, 12:30 PM

i wonder why there are still ppl jump in for GAMUDA when they know there are a lot of uncetainty in the shares

eg. HSBC Holdings are disposing since last friday

Doing projects are tough, there are a lots of things not within your calculations and controls. Costs could overrun.


"Gamuda's valuation steep, core FY08-09 P/E 19X-28X vs rivals' 12X-17X. Also, cuts FY09-10 earnings forecast 8%-9% on lower orderbook assumption (MYR2.5 billion vs previous MYR3.0 billion), lower pretax margin forecast (5% vs previous 8%) for national double-tracking project on rising material cost. "

This post has been edited by SKY 1809: Feb 25 2008, 03:18 PM

woah!! .. i stop playing the market for a few months.. what's happening with Gamuda???

hmm, looks like you have overheard from news/rumour
you are right, due to unknown reason, projects can be terminated or cancelled

/staying sideline to watch

Bad news are coming out one by one.

DJ MARKET TALK: Ho Hup May Extend Fall On Delisting Fears - 2008-02-25 00:59:00.0



0059 GMT [Dow Jones] Ho Hup Construction (5169.KU) may fall to test all-time low of 40 sen on announcement company has failed to submit 3Q07 results within stipulated timeframe (Nov. 30). If company fails to submit results by Feb. 29, trading in Ho Hup's shares will be halted the following market day. "The biggest concern now is that Bursa Securities may initiate delisting procedures. Investors are likely to dump the stock and stay on the sidelines rather than take that risk," says dealer. Shares ended down 12.5% at 42 sen Friday. (VGB)

---

Added on February 25, 2008, 1:14 pmWhat i say are basing on facts . Things that happened in the past and are happening now. No Rumours Please.

Warning oledi given by Top Gun.

---

Added on February 25, 2008, 1:24 pm



KLCI FUITURES CONTRACTS MOSTLY HIGHER AT MID-DAY
25 Feb 2008, 13:21
KLCI FUITURES CONTRACTS MOSTLY HIGHER AT MID-DAY

KUALA LUMPUR, Feb 25 (Bernama) -- The Kuala Lumpur Composite Index (KLCI)
futures contracts on Bursa Malaysia Derivatives were mostly higher at mid-day
today with investors taking the cue from Wall Street's gains last Friday,
dealers said.
At lunch break, spot month February 2008 lost one point to 1,360.0 while
March 2008 increased 0.5 of a point to 1,356.5.
Far contract month June 2008 went up 1.5 points to 1,351.0 and September
2008 gained nine points to 1,350.0.
Volume stood at 9,904 lots while open interest amounted to 38,277
contracts.
On the cash market, the underlying KLCI was one point higher at
1,370.48. -- BERNAMA






This post has been edited by SKY 1809: Feb 25 2008, 01:24 PM

I have quickly chopped off Gamuda still feel painfull..Don't try to hold with your hand if you see something uncertain falling from sky"1809". Unless you have clearer picture.


This post has been edited by TopGunn: Feb 25 2008, 01:38 PM

thank you for your advice. make a note here.

ermm, i dun quite understand the bolded part

maybe falling dagger he means??? hehehehehe......
dunno this is really panic selling, over-reacted or indeed there's a BIG prob with Gamuda......

It was a normal practice for us to do during Currency Crisis. Quite similar. Not very sure about his.

---

Added on February 25, 2008, 1:49 pmI mean do not wait for things to happen first :-

DJ MARKET TALK: MIMB Tips Gamuda As Sell Based On Charts - 2008-02-25 05:32:00.0



0532 GMT [Dow Jones] STOCK CALL: MIMB Research tips construction firm Gamuda (5398.KU) as Sell based on charts; notes stock broke its key support level of MYR4.54 on Feb 21 after peaking at its recent all-time high of MYR5.80 on Jan 14 with ample bearish divergent signals. "It remains in very firm daily and weekly downtrends with weak technical posture," MIMB says. Adds "investors would do well to Sell and dispose Gamuda on any rallies"; pegs immediate support at MYR2.90. Stock down 11.2% at MYR3.48 in active trade. (ECH)




This post has been edited by SKY 1809: Feb 25 2008, 01:49 PM

Really?? It's just a hint, normally fortune-teller will not tell you directly mah...you have to guess..When the time reach, you will know abt it...hehe..

wow immediate support at 2.90

You never contact your friend, Chin ?