sifuss b4 i sell pbank can sell or not? or we keep

so pessimistic?

you mean me or?....

no. i mean alivecmh & dsugums...

i didnt sell any..
still holding those tat r earning from the greeny move today...

This post has been edited by aretla: Mar 27 2008, 03:29 PM

oh ok........

keep it first lo.....the momentum is coming for dunno wat reason....if u really earn enough liao then can let go lo...i feel that funds r coming into KLCI.....

Most of the active stocks are the goreng type. I prefer to make some cash and wait in the sideline. My bluechips are still red (TM and Tenaga). Blue chips are still red mostly. The green because of maximum goreng of chowkia stocks

today if not becoz of Maybank n KLK...i think KLCI will go up a lot.....a lot of counters green including PBBANK-o1 (Foreign)....maybe they know something v dunno...or maybe it's a trap....heheheh...judge ur own....but keep some cash is a very wise move indeed if u earned some...

guess you are right ...
am not needing any cash right now might as well keep it

There are not many big players coming in. EPF, ASB and Tabung Haji has not made any major move yet. Not sure why they are staying on the sideline.

Index mostly pushed up by retail players

This post has been edited by dsugums: Mar 27 2008, 03:43 PM

these goverment institutions have been buying during the recent post-election meltdown.

They are quite active in the market already, just short of foreign fund activities.

Recent activities would be Tabung Haji on UEMBuilders.

ASB acquiring aggressively on SIME, a few millions shares.

EPF on some Pbbank and lot of TNB shares.

I believe local funds also keen on supporting/buying Maybank today as well, just my guess.

This post has been edited by cherroy: Mar 27 2008, 04:53 PM

KLCI down, dragged by Maybank

By JOSEPH CHIN

KUALA LUMPUR: The KLCI snapped its winning streak in the morning session on Thursday, dragged down by losses in Maybank, but weaker Bursa Malaysia also mirrored the losses on most Asian markets due to the weaker Wall Street.

At 12.30pm, the KLCI had fallen 5.28 points or 0.42% to 1,240.14, but off the early low of 1,230.33. The FBMEmas fell 41.49 points to 8,368.77 while the FBM Second Board eased 3.50 points to 5,804.71.

Turnover was 372.84 million shares valued at RM676.6mil. There were 240 gainers, 360 losers while 195 counters were traded unchanged.

On Wall Street, the markets closed weaker, dragged down by financial shares on concerns that bank profits would take much longer than expected to recover from the housing slump.

At the Asian markets, Shanghai's A Share Index skidded 3.79% or 143.60 points to 3,640.68, Japan's Nikkei 225 fell 119.56 points or 0.94% to 12,587.07 and Singapore's Straits Times Index lost 0.14% to 2,991.06 while South Korea's Kospi gave up 0.63% to 1,669.165. However, Hong Kong's Hang Seng Index advanced 0.41% to 22,710.35.

Light crude oil futures jumped to US$106.43 per barrel.

Crude palm oil lost RM50 to RM3,650 per tonne.

At Bursa Malaysia, sentiment was affected by selling pressure on Maybank. Maybank was the most active with 23.10 million shares done. It fell 65 sen to RM8.30, off the intra-day low of RM8. The fall in the shares shaved off 5.88 points from the 100-stock KLCI.

Maybank-CF call warrants fell 5.5 sen to 12.5 sen and Maybank-CG 1.5 sen to 5.5 sen.

Fitch Ratings said Maybank's proposed acquisition of PT Bank Internasional Indonesia for about 24.9 trillion rupiah or RM8.6bil would be beneficial in the longer term.

CIMB Equities Research said the price tag translated into 3.7 times to 4.0 times CY08-09 price/book value, which was above the two times to three times range for previous bank mergers and acquisitions in Indonesia.

However, CIMB Research believed the high valuation will be compensated by the strong growth prospects in Indonesia with it population of 224.9 million and an under-penetrated market.

"Although the valuation is on the high side, we are positive about the acquisition of BII as it will give Maybank a springboard into the high-growth Indonesian market," it said.

Other losers in the morning session were Tanjong and KL Kepong, down 50 sen each to RM16.40 and RM16.30 while United Plantations lost 30 sen to RM13. Kossan and Sarawak Oil Palms gave up 20 sen each to RM3.58 and RM5.60 respectively.

However, actively traded MRCB rose two sen to RM1.38. Penny stocks Kosmo, Liqua and Mobif rose in active trade, with Kosmo adding three sen to 18.5 sen while Liqua and Mobif gained 1.5 sen each to 22.5 sen and 24 sen respecitvely. Loss-making air cargo transporter Transmile added 25 sen to RM2.36.

Other gainers were Ranhill, up 22 sen to RM1.73 while Petra Perdana added 20 sen to RM8.65 while Gamuda's strong earnings saw its share price rising 18 sen to RM3.32.

URL: http://biz.thestar.com.my/news/story.asp?f...55&sec=business

seems like market today are GOOOOOOOOOOOD

aiya
should hav go in maybank when its -0.750
anyone to comment on tomoro?

27-03-2008: Maybank shares dive after BII purchase

Email us your feedback at fd@bizedge.com

KUALA LUMPUR: Shares in Malaysia's biggest lender, Malayan Banking Bhd (Maybank), tumbled to a 3-1/2-year low on Thursday after it offered to buy Bank Internasional Indonesia (BII) for US$2.7 billion (RM8.64 billion).

Maybank surprised investors on Wednesday by saying it would pay US$1.5 billion for 56% of Indonesia's sixth-largest lender -- a 23% premium to Tuesday's share price -- and would offer to buy out the bank's minority shareholders for US$1.2 billion.

"The price tag... was more than 50% higher than we assumed for a mediocre franchise," Citigroup said in a note, downgrading Maybank to a sell from a buy. It slashed Maybank's target price to RM8.38 a share from RM10.63.

Maybank shares fell as much as 11% to RM8 a share in the first few minutes of trade, its lowest level since August 2004. At 0126 GMT, the stock fetched RM8.35.

The offer price represented 4.6 times book value, expensive even when compared with Chinese banks that trade at between 3.3 and 5.4 times book value, according to Reuters data. -- Reuters

http://203.115.192.58/cms/content.jsp?id=c...8f1fa0-a47e0801

This post has been edited by ankw: Mar 27 2008, 05:57 PM

if tomorrow still goes up i think i will get married soom hahah

New IPO: JF TECHNOLOGY BERHAD ("JF TECH")

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Added on March 27, 2008, 7:48 pmMaybank falls 10.6% on concerns of RM8.6bil acquisition

By Joseph Chin

KUALA LUMPUR: Malayan Banking Bhd's share price fell as much as 10.6% or 95 sen in early trade on Thursday on some investors' concerns that it was paying a high price of RM8.6 bil for a 100% stake in PT Bank Internasional Indonesia Tbk.

It opened at RM8.40, down 55 sen. Within the first hour of trade, there were 14.81 million shares done at prices ranging from RM8 to RM8.45.

At 10am, it was trading at RM8.45, down 50 sen or 5.6%.

The KLCI fell points to 12.18 points to 1,233.24 as investors locked in gains, uninspired by the weak closing on Wall Street. US financial shares slid when concerns resurfaced that bank profits will take much longer than expected to recover from the housing slump. The Dow Jones industrial average closed down 109.74 points, or 0.88%, at 12,422.86.

On Maybank, OSK Investment Research said in a note to clients that the acquisition price was not cheap as based on the acquisition price.

"We must admit that the acquisition price is not cheap as based on the acquisition price, BII is essentially priced at 4.45 times and 61.5 times FY07 BPS and EPS, respectively, or 4.26 times and 33.0 times FY08 BPS and EPS," it said.

However, it always believed that Maybank should expand its overseas presence in order to mitigate the saturated domestic market share.

"We believe the Indonesia banking sector offers more upside in the long-run as per the ratio of total outstanding loans-to-nominal GDP. However, due to the potential near-term profitability dilution, we have lowered our fair value to RM10.80 but maintain our BUY call," it said.

On Wednesday, Maybank announced it wanted to take over Sorak Holdings Ltd, which has a 55.7% stake in PT Bank International Indonesia Tbk (BII), from Fullerton Financial Holdings and Kookmin Bank for RM4.8bil cash. It will later make a general offer for all BII shares it does not own. Starbiz reported that to some people, Maybank's move to pay RM8.6bil, or 4.6 times book value, indicated how desperately the group wanted BII, Indonesia's sixth biggest bank.

The valuation is among the highest in the industry. The offer price is about 20% above Jakarta Stock Exchange-listed (JSE) BII's market price. The book value of 4.6 times is about double the average valuation among Indonesia's publicly traded banks.

The top four banks listed on JSE are currently trading at about 3.9 times. BII's net profit has been declining since 2004. For the year ended Dec 31, 2007, the bank's net profit fell to 404.7 billion rupiah (RM142mil) from 633.7 billion rupiah (RM222.3mil) in 2006.

URL: http://biz.thestar.com.my/news/story.asp?f...20&sec=business

This post has been edited by David83: Mar 27 2008, 07:48 PM

sound like u oledi earn a lot...

hey...wanna ask where can i get the KLSE online software??i had lost it when i reformat my pc....the software is check price online d