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 Stock Market V11, Stock Market talk

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cherroy
post Mar 28 2008, 05:54 PM

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QUOTE(kinwawa @ Mar 28 2008, 05:09 PM)
when i started...i dun bother to queue one coz i will be very tension...i dunno i get o not...dunno when need to transfer money...dunno if drop a lot then how....so many things to think...but as time goes by...i have become more patient...if cant get....then try next time lo....i seldom jump in so fast unlike last time....hmmm...maybe Cherroy influenced me esp when he likes to wait n wait n wait for his Genting at 6.5 when it was 7.xx....n everyone of us was like...aiyoh..so low....where got chance la! hahahhaha

Cherroy sifu..thanks for ur indirect guidance n help tat i have become wiser...hehehee
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Don't call be sifu lah, as I am not that good nor my investment all are making money one, I have fair share of losing money experience as well. Just more olders than most of you and longer in the market. smile.gif
cherroy
post Mar 28 2008, 11:23 PM

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QUOTE(aretla @ Mar 28 2008, 05:58 PM)
btw.. u r satisfy with de 6-7% return annually for the REIT investment?  hmm.gif
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Why not? Instead putting in FD of 3.7%, I can get 6-7% and now with some reit price going down, the yield mostly become more than 7% net (after deducting witholding tax, if not witholding tax, gross yield is around 8-9%)

Reit is not like ordinary stock. You can't treat it as normal stock.
cherroy
post Mar 28 2008, 11:36 PM

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QUOTE(aretla @ Mar 28 2008, 11:27 PM)
Final gross dividend of 15.0 sen per share and a special gross dividend of 10.0
sen per share on 400,000,000 ordinary shares, less income tax of 26%.


is tat mean u need to have 400,000,000 shares only entitled for the dividend??
Final Dividend of RM0.075 sen per RM0.50 share less Malaysian Income Tax and
Special Dividend of RM0.225per RM0.50 share less Malaysian Income Tax.


tis one also.. means is 15 sens dividend total right?
*
No, it just mean that are 400 millions shares outstanding in the market that entitled for the dividend.

0.075 + 0.225 = 0.25 less 26% = 18.5 cents net.

= 30 cents less 26% = 22.2 cents.

Thanks lklatmy for highlighting my mistake.

This post has been edited by cherroy: Mar 29 2008, 12:08 AM
cherroy
post Mar 29 2008, 12:06 AM

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QUOTE(aretla @ Mar 28 2008, 11:39 PM)
so wat does the per RM0.50 shares means?
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0.50 is the par value of the shares.

Just like you have 1 millions paid up capital, you can either issue with 2 million shares of Par value of 0.50 or 1 million shares of 1.00 each. If you issued Par value of 0.50 will ended more shares in the market. That's the different.


QUOTE(lklatmy @ Mar 28 2008, 11:45 PM)
0.30,fren. Too many figures today?
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opppss, sorry for my mistake, probably dealing with too many figure. biggrin.gif

Thanks.
cherroy
post Mar 29 2008, 10:27 AM

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QUOTE(dsugums @ Mar 29 2008, 10:25 AM)
Ehh, how come the online trading is active now (both Maybank and HLB)?

Market is down by -228.04  ohmy.gif

Is certain counters allowed to trade on weekends?  hmm.gif
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Probably they are running or testing with mock run to test their software, nothing to do with the real trade, just try out.
It is quite norm for some online trading portal to do the mock run during weekend to test their software and compatibility issue with clients.
cherroy
post Mar 29 2008, 06:30 PM

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QUOTE(dsugums @ Mar 29 2008, 06:05 PM)
Got a questions to those who are accomplished traders.

Is it wise or better to declare your trading profits as personal income or register a business and file it as company tax?

With personal tax, cannot get much deductions and need to pay more tax. Where as for business, can whack a lot of things in expenses to reduce tax  smile.gif

Can we register our company as share trading and others?  brows.gif
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Dude,
Capital gain (includingin stock market) is tax exempted in Malaysia. No difference as individual or businesses.

But for US, capital gain will be taxed at 15%, if not mistaken. That's why tax is also part of considering when selling a share in US. As long as you don't sell the share, on paper gain, it won't be taxed. But once you sold it, it is taxed on your profit made.
cherroy
post Mar 30 2008, 06:30 PM

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QUOTE(alivecmh @ Mar 30 2008, 05:59 PM)
What does it mean by options expiration ?
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It just like futures, when the futures/option expired, you need to clear your old position (long or shot, call or put) and start the new one if you wish to continue.

This post has been edited by cherroy: Mar 30 2008, 06:31 PM
cherroy
post Mar 31 2008, 02:51 PM

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QUOTE(achcmy @ Mar 31 2008, 02:24 PM)
Any potential listed developer haven't done that? How about See Hoy Chan? HAve they revalued their 1U new wing and Menara IBM??
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Profit arise from the asset revaluation although is also part of increase in value for the shareholders or shareholders fund aka NTA, market generally won't response too signficantly on that kind of news as it is one off with no cashflow generated.

It is the operating core business profit which matter the most and investors are scrutinising on.
cherroy
post Mar 31 2008, 03:31 PM

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Currently, it is still a 50% technical rebound since after GE result of 100 points drop.

I find strange about today market as well, volume suddenly dipping back to low one. There is no follow through action after last few days of surge suggests a purely window dressing, I might be wrong.

This post has been edited by cherroy: Mar 31 2008, 03:32 PM
cherroy
post Mar 31 2008, 03:51 PM

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QUOTE(panasonic88 @ Mar 31 2008, 03:34 PM)
is it a good sign or tsunami pre-alert?  unsure.gif
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Not a good sign, nor tsunami is coming, just my taught. Just think it is too early or pre-mature to say the down trend has finished already.
I would think market will be range bound for sometimes.
cherroy
post Mar 31 2008, 03:54 PM

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QUOTE(jongkolkhoo @ Mar 31 2008, 03:50 PM)
this morning i queue a few of kps,scomi,sapcres,kinsteel  ... all dapat.. matched.
if later drop alot .... kepala pusing.. 
have to buy alot to average down..  rclxub.gif
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If pessimistic about the market why bought so many in the first place, you are contrading yourself! tongue.gif laugh.gif

Surely get all lah in a downwards pointing market, brother.

Cheers.
cherroy
post Mar 31 2008, 03:57 PM

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QUOTE(babana @ Mar 31 2008, 03:52 PM)
jus curious...y would u guys prefer mahsing to mrcb as both are construction stocks?

imho, mrcb is more worth it as the tendency to goreng is better  brows.gif  and oso its fallen alot compared to its pre-ge price. am aiming for 1.35 for mrcb  brows.gif
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Falling more doesn't mean it has potential to go higher more. <-- this analogy sometimes people find hard to understand one. If it is true, then Transmile is better choice, drop from 14 to now 2 only. Just joking, no offence.

Instead should look on its potential to go higher due to fundamental reasons or 'goreng' reason if one likes that's still fine or make sense. But not because of it drop so much. smile.gif

This post has been edited by cherroy: Mar 31 2008, 03:59 PM
cherroy
post Mar 31 2008, 05:42 PM

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QUOTE(babana @ Mar 31 2008, 04:15 PM)
haha...okok, i guess diff ppl have diff preferences n risk tolerence level as well. i do understand dat price level shudnt be taken as a comparison cherroy...it was just a point of note  blush.gif
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Just a reminder, that's also this forum is for, sharing information and discussion.

Cheers.

QUOTE(jongkolkhoo @ Mar 31 2008, 05:06 PM)
nvm, market close liaw.. manage to buy (top up) a bit of everything at near bottom .. haha.. brows.gif
got extra 150 lots of sapcrest.. see tomorrow  sweat.gif

i buy about 30% in morning session.  rolleyes.gif
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Wah, so keen on Sapcrest. notworthy.gif

Just remind don't 'fall in love' with it or just one particular share. laugh.gif
cherroy
post Apr 1 2008, 02:40 PM

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QUOTE(skiddtrader @ Apr 1 2008, 01:35 PM)
For the financial year ended Jan 31 (FY08), Hap Seng saw its net profit balloon by 602% to RM846.9mil and revenue expand 515% to RM2.24bil compared with FY07.

The company said the results included a gain of RM601.6mil resulting from the listing of its plantation business, Hap Seng Plantations Holdings Bhd last November.


Huh?? How can proceeds from the listing of a unit or subsidiary considered revenue?
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They can revalue the book value of the subsidiaries or the previous shareholding of its subsidiary gain significantly profit due to listing after being disposed to retailers due to IPO or at IPO price.
cherroy
post Apr 1 2008, 04:31 PM

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QUOTE(panasonic88 @ Apr 1 2008, 04:24 PM)
agrees that most plantation are over-priced,

there will be a correction in between,
however, it wouldn't go down one line straight, they will always be a rebounding somewhere in between

like cantdecide said, timing is very important.
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If CPO continue to drop like today (drop a whooping >RM300), now around Rm3,000, plantation stocks have room for the downside.


Added on April 1, 2008, 4:34 pm
QUOTE(panasonic88 @ Apr 1 2008, 03:54 PM)
the news is real, but the 56 sens diviend is a misunderstand. lol

come to think of it, i havent see such great DY% before, >20%
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It is almost impossible to have dividend of more than 10% except those special one-off dividend due to special event occur. Mostly high dividend yield stock are trading at around 6-9% which is considering very good already.

This post has been edited by cherroy: Apr 1 2008, 04:34 PM
cherroy
post Apr 1 2008, 04:45 PM

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QUOTE(cantdecide @ Apr 1 2008, 04:39 PM)
Ya, it won't go down in 1 straight line.  Otherwise we might see another 'circuit breaker'.  Perhaps it is a good idea for Bursa to test out the fixes that they have put in.    tongue.gif  tongue.gif  tongue.gif

With all the hustle and bustle of CPO - especially by Malaysia government and companies - I don't think the price will go down.  Our fund managers love plantation counters very much.  They seem to always gasak all plantation counters that is available in the market.
Oh, no wonder almost all plantation counters went south.  Rupa-rupa CPO fall like a stone.  Hope it will fall further to 'correct' the price of all plantation counters.  Like to add IOICORP into my portfolio for its good management.    smile.gif  smile.gif  smile.gif
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CPO fundamentally demand and supply doesn't suggest a bullish trend for CPO even when the time it reached more than Rm4,000 time, is mainly because of speculative buying for commodities rather than because of shortage in supply. Instead, stockpile for CPO was and still in historical high.

There is not much choice for fund managers to choice the stocks in KLSE. There are only a few big cap in the KLSE, although we have more than 1,000 counters, but those really big cap one are only a handful.
cherroy
post Apr 1 2008, 04:47 PM

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QUOTE(jasontoh @ Apr 1 2008, 04:08 PM)
Then we will have happy shopping on that day smile.gif  rclxms.gif  rclxms.gif  rclxms.gif
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You will be 'scare' until 'peeing'. tongue.gif biggrin.gif

Now talk when drop 10% is good for shopping but when it actually occur, most people will be 'chicken out' already. biggrin.gif
cherroy
post Apr 1 2008, 05:41 PM

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QUOTE(panasonic88 @ Apr 1 2008, 05:02 PM)
thanks for clarifying. the 56.5 sens myth is solved.

i do hope HAPSENG will come up with another "41 sen per share less tax and a tax exempt dividend of five sen paid" in Dec 2008 tongue.gif
*
Want to bet? biggrin.gif

I bet Rm1 (anyone tongue.gif ) that it won't have or more than 41 cents special dividend. tongue.gif


Added on April 1, 2008, 5:48 pm
QUOTE(skiddtrader @ Apr 1 2008, 04:58 PM)
For the ones still unsure if Hap Seng is giving 56.5 cents or not. Here is an excerpt from the edge, which I find has the most accurate article regarding Hap Seng's recent announcements.

"It proposed a final dividend of seven sen per share less tax. This, in addition to the interim dividend of 3.5 sen per share less tax paid on Oct 26, 2007, a special interim dividend of 41 sen per share less tax and a tax exempt dividend of five sen paid on Dec 14, 2007, will bring the total dividend for the year to 56.5 sen per share. "

Business Times and The Star business news is misleading.
*
The news article perfectly correct, just 'kei poh kau choi' (Hokkien) laugh.gif to explain more, then individual become confuse themselves. It is the individual that mislead themselves, no offence.

Sometimes reading financial atricle, need to scrutinise every word carefully, not take for granted. Any misleading or misunderstanding can lead to $$$ losses, so becareful.

Cheers.

This post has been edited by cherroy: Apr 1 2008, 05:48 PM
cherroy
post Apr 1 2008, 06:16 PM

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QUOTE(skiddtrader @ Apr 1 2008, 06:10 PM)
No offence taken. I do agree that the news is "technically" correct but it's "ethically" wrong, therefore I feel it is misleading to a reader.

Kind of like telling your children there are gonna get as much as 1000 bucks as allowances in December making them happy, but actually not mentioning it takes into account the 950 bucks already given since January. So the December allowance is only 50 bucks. That was how Business Times was telling it.

It's true, that a trained eye can read between the lines and ignore all the fanfare for the cold facts, but most people will get distracted with the big numbers like "602% increase in NET profits" or "Net profit balloons" or "EPS increase by 500%".

I've learned to treat company announcements with greater skepticism and cynicism to really question their motives behind their announcements and also their agenda. As a small fry in a world of sharks, best is to keep checking your food is not bait rather then eating up every worm in the ocean.
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Yes, I do agree with you, that those non-investment savy people out there can be easily mislead in this kind of news. The news perfect and technically correct, nothing wrong, market also doesn't react to the news either. It is part of learning process to analyse the financial news.

This is the goodness of having this kind forum and forumers like you as people can ask whenever got suspicious or question.
cherroy
post Apr 2 2008, 02:13 PM

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QUOTE(naz_b_85 @ Apr 2 2008, 02:00 PM)
I gathered from some reading that the exercise is subjected to this conversion ratio correct? It's not actually a conversion ratio to the mother share but a conversion ration to be used in my exercise of the warrant in the formula as this:

Profit/loss = Number of warrants x (closing price - exercise price) X conversion ratio (in this case 0.1)

Plus after that you need to factor in the warrant price (premium price) and exercise expenses?

Is this all correct? Anyone?

Meaning if Sime closed at 12.10 at 16/7/2008 and the sime-cb exercise price is 12.00, based on the contract, the calculation is like this: ((if i bought 10000 shares or 100 lots)

Profit/loss = 10000 x (12.10 - 12.00) x 0.1 = RM 100

So, if my cost for the 10000 sime-cb share was 0.01 x 10000 = RM 100

I would have made nothing and still had to fork out abit for the expense cost???
hmm.gif not a good investment at all warrants are they?
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You don't need to fork out the 'expenses cost'. When the issuing banks taking account of the expenses incur, they will calculate together when its expire aka eg. final settlement price is 12.00 then +0.10 for the expenses. Then net settlement price become 12.10. So if the warrant exercise price is 12.10, they won't pay you a single cent. That's all. You lose all together the money of you bought warrant.

Basically you don't need to fork out extra money if even settlement price is 10.00, you just 'throw away' you bought warrant only. biggrin.gif
Who want to exercise the out of money warrant anyway?


Added on April 2, 2008, 2:19 pm
QUOTE(cantdecide @ Apr 2 2008, 12:13 PM)
OK, thanks for the info.

BTW, does anyone know why QCAPITA (Quill Capital) drop RM0.28 today?  Is it dividend distribution or something else?  Any info would be helpful as REIT is in my list.    tongue.gif  tongue.gif  tongue.gif  rclxms.gif  rclxms.gif  rclxms.gif
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Qcapital previous closing is 'fake' one. Previous last transaction suddenly buyer jumped 20+ cents to take the seller which make the closing artificially high, may be need to have some window dressing for the 1Q closing. biggrin.gif

This post has been edited by cherroy: Apr 2 2008, 02:19 PM

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