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

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

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.

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

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

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

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.

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

Must remember also, there are many many people that catching the falling dagger since the 4.00 mark.

Maybulk case is different with Gamuda. Maybulk is directly because of DBI falling.

Can't blame them, if MD whom is running the business disposing his stake to just merely 1.+%, then everyone also suspect something behind.
A 1.+% stake might mean his position also in doubt when re-appointing for the MD post.

If not mistaken when I came across some articles that Citigroup was the party making a 'sell' call just before it plunging down.

Not quite remember, I might be wrong.

This counter financial result is wobbling here and there. But does show some improvement recently. Got lot of project but whether it will turn the project in profitable $$, then only time will tell.
Supposely, it involves O&G, should be very good in this industry lately. But downside is it is highly political linked stock.

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Added on February 27, 2008, 12:52 pmYup, C4 exercise price is lower than C2, C3 at 28,888. Once HSI crosses this level, it is 'in money' already. But market needs to turn into some bull run at least for HSI to reach that level.

Anyway, personally don't think the subprime and credit crisis is totally over, especially recently inflation showing some real threat already, oil>USD 100, Gold > USD 950, CPO > 3800.
Our money is shrinking fast without notice!

This post has been edited by cherroy: Feb 27 2008, 12:55 PM

Doesn't necessary will go to Holland one, especially for Sapcres, at least it is trading quite resonable cheap level.

Yes, last year, the company still making some losses in the quarterly report.

To calculate the EPS and PE on Sapcres, one needs to take into account of the potential warrant dilution (which almost 1/3 of its capital paid out) in order to justify more accurate on EPS and PE side.

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Added on February 27, 2008, 4:54 pmHK-fever or CWs frenzy is over since last year end. Many had been burned by the 'fever' so whether future, the CWs still being chased after, don't know.

This post has been edited by cherroy: Feb 27 2008, 04:55 PM

To be 'in money', HSI > exercise price of the HSI-Cx.

Only those 'in money' CWs will move according to its target exercise stock/index.

That's why HSI-C2 won't move much even though HSI up 700 points, it is still way long to go and might not able to 'in money' until its expiry data unless we saw a streak of bull run that make it potential to cross the exercise level. <-- that's the key of HSI-C2 or Cx movement. People not convince there is bull run in the place so not dare to chase after it.

Currently the trend (worldwide) is range bound only, hasn't broken through the upside (based on charting) or yet.

Market seems like waiting some economic indicators before moving to either side (up or down).

Btw, Sime reported quite disappointing financial result compared to the like other plantation stock like IOI or KLK. CPO has risen so tremendously, still increment of profit doesn't match the CPO price increment.

This post has been edited by cherroy: Feb 28 2008, 09:05 AM

Recent financial report especially on big cap GLCs one is not convincing enough, Maybank, MISC, Sime, Petgas which won't do good for the KLCI at near term.

You need strong and sterling performance of financial report to spur some bull run.

This post has been edited by cherroy: Feb 28 2008, 10:52 AM

Last time I subscribed Google-C1 IPO time, it was 100K lot, I preceive this is standard?

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Added on February 28, 2008, 1:52 pmDon't know can hit or not, you need a market huge sell-down to get this price.

This post has been edited by cherroy: Feb 28 2008, 01:52 PM

Sorry, sorry, I mean 100K shares, my mistake.

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Added on February 28, 2008, 2:20 pmCruise business is never a making busineness for Resort that's why Resort keen to dispose it or already dispose some of the stake, if not mistaken.

Yup, under the new CEO, Genting is a bit aggressive in term of their business, keep on enquiring overseas casinos especially in UK. He wants Genting to be an international player rather than confine to Malaysia only.

That's why previously I said, don't expect huge dividend from it for near term until the Singapore casino has run its operation and starting generate profit to Genting. It needs plenty of cash for to financial it.

UK casinos or western countries casinos are not the same as Asian countries one if you have been there before.

This post has been edited by cherroy: Feb 28 2008, 02:35 PM

Oppss, for Genting may be can get 6.50 in near future, 6.90 now.

Somebody just sell in one shot 1.5 million shares (1 transaction) at 7.00.

Haha, FYI, beta of Genting is higher than Pbbank, so depends what you want from it.