Stock Market V13, Stock Market Chat, Traders and Investors Chit Chat
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 Jun 6 2008, 03:36 PM
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#101
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25,802 posts Joined: Jan 2003 From: Penang  
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QUOTE(kinwawa @ Jun 6 2008, 03:27 PM) so generally for consumers....everything up 40% la...everything passed on to consumers! Our PM has told us to change life-style already mah. MALAYSIA BOLEH!   Cook at home, cheaper Drive less, less petrol Don't clubbing, life healthier Sleep early (reduce eletricity usage) - it might increase Malaysia population as targetted by gov.   |
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Jun 6 2008, 04:08 PM
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#102
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25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(AdamG1981 @ Jun 6 2008, 03:42 PM) Beware of the next few months ahead. Sell when rally; NYSE short interest is VERY VERY HIGH in May. The US house loans default is rapidly increasing; not to mention the credit swap pending crisis. KLSE has local problem now, NYSE is a secondary effect for current situation.Global credit meltdown very very soon!! Added on June 6, 2008, 3:50 pm Yeah, coz all those one night standers don't have money to buy DUREX anymore. Of course up. AIDS also up Just my 2 cents. |
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Jun 6 2008, 10:02 PM
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#103
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(Jordy @ Jun 6 2008, 07:02 PM) I bought at RM10 since last year, and held until now. Finally I have decided to dispose off at RM9. TNB past and current position is not on profit but it face problem in cashflow.If I am not mistaken, Monday is payday, so I am worried of further profit taking. At times like this, better get off the boat before anything worse comes. I am ready to invest the proceeds into high yield counters. The tariff hike is only 18% and 26%, whereas the cost of gas for TNB has risen almost 100% in a year. The tariff hike is still not enough to cover for TNB's losses I am afraid. They will still have to absorb a huge portion of the total cost, which will lead to a much lower earnings for FY2008, but should recover a little FY2009. So until then, I think I would place my money into high yield counters to shield off any possible sell downs on TENAGA again. Profit is not equal to cashflow. Some little basic accounting will understand it. Company can earn tonnes of profit but ended up with negative cashflow that make the company insolvent or goes broke. So when look at financial statement, don't simply look at profit only, cashflow is also a very important figure to look at. It is because every year TNB besides paying huge amount of fuel cost, it also needs to spend 3-4 billions on capital expenditure for its infrastucture. TNB said is about its cash position, not regarding its profit condition. Without tariff increment previously, TNB cash only can 'stand' about 1 year only. That's why its share tumbles severely as everyone predict gov won't increase electricity tariff inclduing me, as petrol is the main target for increment and don't think gov dare to 'destroy' the consumers, but who's know, all come in in one shot.   But now with 20+% increase in revenue, then its cash position become neutral (remember they said neutral not positive). This post has been edited by cherroy: Jun 6 2008, 10:02 PM |
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Jun 6 2008, 11:12 PM
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#104
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Gosh, crude oil up consecutive USD 6 in two days, up more than USD12 in 2 days times. Man, this can kill the economy one or bubbling already.
DJ also tumbles after job employment show 5.5% unemployment rate, up from 5.0% from previous month. Anyway, happy holiday to all. Will only come back on Sunday evening as tomorrow early morning will go to KL and burning Rm2.70/litre petrol. At least need to spend Rm150 purely on toll and fuel for a KL trip. , not including tyre and car maintenance cost.This post has been edited by cherroy: Jun 6 2008, 11:13 PM |
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Jun 9 2008, 09:02 AM
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#105
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Jun 6 2008, 11:19 PM) no wonder my beloved KULIM keeping shooting up, approaching RM10.00 very soon two months ago it was RM 7 only ahhh cherroy is aiyor go outstation is like dat ler, everything also need to spend money... QUOTE(Darkmage12 @ Jun 7 2008, 01:58 AM) lol next month fuel increase again but i don't think will harm ur bottomless pocket Just for pre-arranged holiday trip. Nothing special. Don't know KL has changed so much since my last arrived there. 4-5 years never go there already. I did stay at KL for 3 years before. anyway where ya from? 150 on toll and fuel to KL but must roughly 150km from KL right? I mis-calculated the fuel and toll cost. It should be Rm150 on fuel alone not yet plus the toll fee. Added on June 9, 2008, 9:03 am QUOTE(Brotherjoe @ Jun 9 2008, 02:37 AM) BLUE CHIP These are not blue chips, just index linked or KLCI counters only.» Click to show Spoiler - click again to hide... « This post has been edited by cherroy: Jun 9 2008, 09:03 AM |
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Jun 9 2008, 10:24 AM
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#106
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25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(AdamG1981 @ Jun 9 2008, 09:09 AM) Ministers said toll prices will be reviewed and may decrease in 3 months. Nowadays, single day overnight, thing can change. I don't know to trust them or not. Flip Flop BN.Yesterday said no GE, today GE. Yesterday said no increase in petrol price, will only on Aug, then next day up 40%. Today said toll price decrease then tomorrow ???. I would say if gov wants or needs to increase price then say so, not the like saying won't increase in the media then next day changing mind. It would lead to businesses hard to adapt. If businesses knew will incrase then people can prepare and make qoutation accordingly. It makes tender very hard to do. It only valid for 24 hours, haha, just joking. Just some ranting. After spending about RM200 in these 2-3 days purely only petrol. This post has been edited by cherroy: Jun 9 2008, 10:30 AM |
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Jun 9 2008, 10:35 AM
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#107
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(kinwawa @ Jun 9 2008, 10:29 AM) ya really....kena tipu many times liao...won bilif anymore.....says price based on market price...but if oil prices drop.....let's c if they will reduce our petrol prices! No time for 'Yum Cha' also, schedule is quite packed. May be next time. cherroy..come KL din contact us...v should go out yam cha ma......although price increase liao...since 'master' come to KL liao v must 'ampu ampu' sikit ma...hehehehhe btw...today volume still low.....ppl just came in to panic sell early in the money........then other ppl woke up n realized got cheap stock hence bought some (recovery)....n now..stagnant liao.....   Cheers.I am not CEO nor fund managers, no 'insider's tips' for that. Haha.  If today is straight line down then it won't be scary but it is everyday drop a bit one like current situation (drop 10 points+) then it would be more disastrous, as it might drop until you don't notice. By the time you notice, might already 20-30% already. I prefere today tumble 30-50 points kao kao, then next day can have a strong technical rebound, then like that money only can be made. Everyday drop a bit like dead fish, then no oppportunity except for long term 'kutip' on those good stocks only. This post has been edited by cherroy: Jun 9 2008, 10:38 AM |
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Jun 9 2008, 11:18 AM
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#108
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(kinwawa @ Jun 9 2008, 10:46 AM) but KLCI still ok gua ( i feel) for now...remember drop due to price increase in petrol...next day recover a bit liao....then unluckily...FRI DJ drop so much ....so today drop again lo..... Those strong one are not dropping so much, may be need to wait for more time.tat's y i feel next few days v will know how KLCI will head in future.....if recover again...prob they already accept the price increase of the petrol n takes into account its affect on biz...... but...actually ....dunno how to do also sometimes.......now looks like bad time....shd keep more cash...but at the same time looks like good opportunity at buying good stocks cheaper..... i guess...if do choose to buy...buy those really 'strong' ones.....and....dun 'speculate' anything.... The choice is only accept, but it put a lot of hell pressure on businesses to deliver in the near future. That's what stock market is more concern of. Scruntine carefully about NPL of banks in the next 2-3Q will know whether the economy can withstand the inflation situation or not. QUOTE(panasonic88 @ Jun 9 2008, 10:47 AM) TENAGA tabao jor, one day glory only, booooooooo! Remember TNB cashflow situation is neutral only, not yet positive as mentioned before. TNB future is so so only, unless oil price drop below USD100, then it might a good thing for TNB.i pity those who "chase high" and picked up at RM 9.00! With oil price keep on charging, last Friday + USD 10, in a single day  the tariff hike might ended 'square one' only.I can tell, this round inflation is much more severe than 1997. This post has been edited by cherroy: Jun 9 2008, 11:20 AM |
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Jun 9 2008, 03:51 PM
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#109
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(AdamG1981 @ Jun 9 2008, 03:45 PM) China has increased the reserve capital ratio for Chinese banks by a full percent. Luckily HSI and Shanghai index closed today. But might be a bigger bloodshed tomorrow if Lehman decides to announce its earnings tonight. We need blooooddd, as we are vampire, (to buy cheap stock and counter inflation rate).  |
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Jun 9 2008, 04:14 PM
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#110
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25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(PBB boleh @ Jun 9 2008, 04:10 PM) Actually the -19 points on the KLCI is mostly by TNB, the other stocks are relatively mild in their drops That's true, market is quiet and directionless at the moment. |
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Jun 10 2008, 03:01 PM
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#111
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(Neo18 @ Jun 10 2008, 02:28 PM) i only bought half lot value at RM 5400 because quite scared to buy too much today. Not like you previously, as you usually buy in big lots. But if it goes down to 10.50, i will buy another half lot lor  Split the purchase with several stages is a essential and good strategy in a bear market. But in bull market, it become a poor strategy, as those 'boat' will depart already. |
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Jun 10 2008, 03:26 PM
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#112
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(kinwawa @ Jun 10 2008, 03:03 PM) cannot say like tat Master Cherroy..u always teach us not to be greedy ma....if during bull market, v earn less.....at least v dun lose our money ma rite??? hehehehhehe Need to change to greedy mode when bull come. today market is sooooooooooo boring..........our thread also sleeping liao..hehehhee  |
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Jun 11 2008, 11:13 AM
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#113
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Jun 11 2008, 11:00 AM) should be time to cabut already. Volume is very thin also for a 10+% rise, so easy to push around by 'interested party'. Several millions buying already can do it. So beware.it would be a little "uncommon" if the price surged too much in a day, too obvious someone is pushing up the price, if there is no good news around. unless the wave continues tomolo. |
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Jun 11 2008, 02:26 PM
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#114
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Jun 11 2008, 02:19 PM) p/s: i checked KLSE and starbiz, but there is no announcement on the 12 sens dividend for ONASTEEL. This I can find about Onasteel. QUOTE RECOMMENDATION OF A FIRST AND FINAL DIVIDEND OF 12% OR 12 SEN PER SHARE 15 Feb 2008, 17:59 RECOMMENDATION OF A FIRST AND FINAL DIVIDEND OF 12% OR 12 SEN PER SHARE ORNASTEEL HOLDINGS BERHAD ("OHB") - RECOMMENDATION OF A FIRST AND FINAL DIVIDEND OF 12% OR 12 SEN PER SHARE LESS 26% TAX FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2007 The Board of Directors of OHB has recommended a First and Final Dividend of 12% or 12 sen per share less 26% tax for the financial year ended 31 December 2007 for payment on 11 July 2008 to the shareholders of the Company whose names appear on the Record of Depositors at the close of business on 30 June 2008 subject to the approval of the shareholders at the forthcoming Fourth Annual General Meeting of the Company, date of which would be determined and announced in due course. The higher rate of dividend recommended for the financial year ended 31 December 2007 as compared to the final dividend of 10% less 27% tax paid in corresponding period in the previous year was because of the higher profit achieved for the year. |
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Jun 11 2008, 04:24 PM
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#115
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Today belongs to 'Lion' day, LionDiv, LionCor, LionInd, all are being 'goreng' but volume is so so only.
Something brewing behind? |
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Jun 12 2008, 09:04 AM
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#116
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(dreams_achiever @ Jun 11 2008, 10:34 PM) Well, anything could happen. It's just my prediction anyway, market doesn't 100% will follow it It is difficult to sell at 1 cents either as there are plenty of Q ahead.Usually i depend on chart to build my market strategy, but seem trend is not that good now. Somemore, next week will be another turnpoint where big US investment house like Goldman & Morgan Stanley will release its quarter report. Given Lehman results not quite impressive/BAD, it will affect investor's confidence on next week report. Seem you have bought AirAsia-CD at half cent, now price is 1cent liao. Sell tommorow & can gain double fold liao..hehe... Dun be greedy wor. Sell while you still can. FYI, Airasia-CD exercise price is 1.65. So technically, Airasia needs to go up from 0.90 ot 1.66 (60-70% rise in less than 100 days) in order for the CD to worth some money. |
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Jun 12 2008, 01:29 PM
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#117
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Jun 12 2008, 12:17 PM) sendiri calculate will do, isn't? not that hard mah. Small Lion only mah (low volume) so small balls also. yahlor, the balls kecut already  Anyway, bought some Stareit today. |
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Jun 12 2008, 01:50 PM
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#118
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(ante5k @ Jun 12 2008, 01:44 PM) ... got volume today for stareit, wonder who is selling off .. I guess mostly will be foreign funds as foreign funds keep on dowgrade Malaysia market recently, as some sign of outflow can be spotted from time to time. |
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Jun 12 2008, 02:13 PM
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#119
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Jun 12 2008, 01:58 PM) cherroy, just curious how many STAREIT do you have now? Normally, take 100 lots (x100) per buy/day transaction. So today take 100 lots already. If drop further 2-3 cents, then take another few lots.  For reit, I prefer Axis Reit (Axreit), but price won't come down, so take Stareit as there will be around 3.4 cents distribution for the coming June ended financial result. Axreit also will be around 7 cents for this coming June ended result. |
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Jun 12 2008, 02:39 PM
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#120
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Jun 12 2008, 02:33 PM) thanks for the info, cherroy. Still way long before its ex-date around September, can slowly buy.one thing good about REIT, their dividend mostly are tax exempted.  i am saving money for PANAMY Still want buy Panamy? not yours already or owned by your family meh . Hehe. |
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