SGD went up to 2.397...last week...too crazy..

market quiet, scared of political debacles. Retailer oso out, scared sh!t may happen anytime soon. In that case will Malaysia KLSE looks like Vietnam Stock market?

wat i heard is if SAPP quit BN many foreign invester will try to pull out from msia mkt coz BN may soon take over my opposition.

In Life, there is always a turning point. It is only sooner or later.

more bumpy road ahead.

have you guys ever read about this famous Brazilian future prediction, one of his future predict about the stock market:-

"2010, 15th June: The New York Stock Exchange market will fail, cuasing an international financial crisis."

Source

sharesa, actually it did happen.

http://www.mahalo.com/Japan_Earthquake_June_14_2008

but i am not sure whether it is "conincidence" or real. but, better have some precaution lor.

waiting for 3.50 hehehehhe

Besides Gamuda and PBB, are there any other stocks that has invested heavily in Vietnam?

FKLI is discounting more than 23 points currently. Something not right. 

gamuda 2.15 lo...much lower than its 3.00 NTA....

wah! ur memory so good
havnt sell.... trap at ~3.00..haha        

You could a big shareholder. I guess.

And get nice lunch!

so freeeeeee oh, not working on next monday ka?

AGM...my impression is, mostly uncles aunties go there, for free door gift, meals, etc. then they seat there, listen listen, some half way doze off edy. and so happen, the phorographer shot it

For the buy back, you know what something people doesn't notice is that those buyback programme are making shareholders losing money (on paper) at the moment.

For example, RR is buying back its shares constantly from the market since 3.50 or so. Now share price is only 2.80, so company had bought 'expensive' shares already and if those treasury shares being sold, company actually making a loss, (I knew it won't be sold as it is not the treasury share purposes, instead company will opt to write it off).
So it is much better company use the cash pile as a dividend and rewards the shareholders as cash.

If I attend AGM, I will ask this kind of question. If company need cash pile for future expansion, then fine, but I am the one against share buyback programme, it doesn't reward the shareholders very much. As those cash still being kept in the company, and shareholders don't benefit much from it. Still got lah, as EPS will be higher due to lesser outstanding shares, just dividend is much simple and rewarding.

Selling pressure on Resorts World

KUALA LUMPUR: Resorts World Bhd remains as one of the most highly owned stock by foreigners but the escalating domestic political uncertainty and government policies will continue to spook foreign investors.

OSK Investment Research said these uncertainties were placing increasing pressure on stock price performance over the medium term.

Ina research note issued Friday, it said Resorts’ 2% decline in visitors arrivals in 1Q08 period served as a signal that operating conditions will continue to worsen, especially towards the 2H as inflationary pressures from fuel and electricity hikes set in.

“We have reduced our terminal growth rate to 3% from 4% per annum, leading us to reduce our fair value to RM2.85 and recommendation to Neutral,” it said.

OSK Research said selling pressure would likely to persist well into third quarter period.

“The probability of higher casino tax and the potentially steeper than expected drop in 2H08 earnings performance have yet to be reflected in consensus earnings estimates, which has remained largely unchanged post fuel price hike versus our 18% downgrade,” it said.

The research house said these factors, coupled with its existing high foreign shareholding level of 37%-38% placed a high degree of vulnerability on consensus earnings estimates and subsequently share price performance.

“Current implied share price valuations of 15.3 times FY08 price-to-earnings ratio (PER) relative to its historical trading range of 11x-21x indicates that the market has yet to fully priced in the abovementioned risk factors.

“On a separate note, management has been more aggressive of late in its share buyback activities, accumulating up to 10.4 million share over the past four trading days, representing roughly 8-10% of the total trading volume,” it said.

http://biz.thestar.com.my/news/story.asp?f...41&sec=business

How about 2.50? 

Analysts are quick to change their tone one, otherwise will get fired. Haha, just joking, no offence.

TP doesn't mean anything actually, it is the company fundamental aka profit that matter the most. Since I familiar with stock market, I don't bother how analysts said about TP this, TP that. What I concentrate is the company able to generate profit for me, that's all and simple. Just my preference, not necessary correct.

I had stated Resorts is not cheap at 3.50 level even based on PER alone. I don't know how they value it at 5.50 as it would imply 20x + PE which historically proven PER more than 20x is not sustainable unless profit level catch up quickly.

Having said that, it might be oppportunity in near term as market is entering bearish state, so market might overshoot on downside as well. Remember the half tank theory?