For this kind of counter, don't expect to shoot overnight one. It takes times before it rebounding strongly (typically when future doubt it clear up).

Market does concern about its massive expansion programme. If Genting wants to take Resorts private then it might not a good news for its short term share price as it involved large sum of money in stake which inevitably put more pressure on its stock price which it needs to raise more debt after 5 billions on newly Singapore Casino, several hundred millions in UK casinos.

Resorts has 5 billions+ outstanding shares, so to take it private at current 3.+ price, it needs 15-20 billion, minus the stake Genting have currently, Genting needs at least around 10 billions in cash to make it.

got any news?
my friend say can buy

good price for genting is at 5.8 i believe thats the real support level

Seems to be some resistance around 1.00 according to the charts. Probably going to stay there unless there is some news?

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Added on May 23, 2008, 2:06 pmIs that conclusion from FA or TA?

This post has been edited by howszat: May 23 2008, 02:06 PM

any new for 2nd board Kosmo?fall so much to 0.055 now...

Its from my point of view...cause at a certain point, the company would have to support its share prices. One of the reason is the loan that they have taken from the banks. If the bank loses its confidence on the shares, they would pressure the company on its loan.

This post has been edited by Mikiyo: May 23 2008, 02:41 PM

Aiks lucky I check first, thought it is RM0.72, rupanya RM0.0072.

Technical wise, ENGTEX is overbought. I'll wait for it to retrace before trading it

In V12 pages 90-100, someone post that the directors are the one who goreng..

Arghh.. here is my story. I bought Engtex last year at Nov, price at 0.74. It dropped til 0.50. Until recently tis 2months shot up to rm1 and i jz sold it at 0.935. Haizz... now rm1. Wtf.
I read abt the analysis of engtex. TA said even tho engtex is in overbought zone its momentum is so strong so they recommend to buy.

Engtex quarter report jz came out. Net profit six fold up but i don think tat is the main reason behind the rising of price.
_________________________________________
Got 1 question to ask about three-a resources bhd which is a mesday company tat is goin to b transferred to main board next month.

Title:Changes in Director's Interest
Name : Fang Chew Ham(He is the director of Three-A resources bhd)
Address : No. 1, Jalan Lang Tompok, Taman Sri Bintang, 52100 Kuala Lumpur

Descriptions
(Class & nominal value)
: Ordinary shares of RM0.20 each


Details of changes
Type of transaction Date of change No of securities Price Transacted (RM)
Transferred 16/05/2008 57,780,000

Circumstances
by reason of which change has occurred
: Transferred of shares to Fang Chew Ham Holdings Sdn. Bhd. whereby he is the director and shareholder of the company

Nature of
interest
: Direct

Direct (units) : 0
Direct (%) : 0
Indirect/deemed interest (units)
: 85,841,625
Indirect/deemed interest (%)
: 44.49
Total no of securities after change
: 85,841,625

Wat it means?


This post has been edited by SImPle PLan: May 23 2008, 05:35 PM

Engtex Group Bhd (5056.KU) - Malaysia
1st quarter ended Mar. 31:
Figures are in Ringgit (MYR).



2008 2007


Revenue 191,581,000 123,881,000
Pretax Profit 15,219,000 4,053,000
Net Profit 11,558,000 2,672,000
Earnings Per Share 5.97 Sen 1.52 Sen
Dividend Omitted Omitted


Almost 500% increase in profit

This post has been edited by dsugums: May 23 2008, 05:58 PM

Hi everyone, how is ur view on 3395 BJCORP ?

Just noticed this in Thestaronline: Vincent Tan among richest in Malaysia

Just read a book bout short selling. Kinda excited to try it out ..... Anyone know how to apply for the short selling ? Have to phone them up ?

i wasnt at home...i put my HWGB queue sell at 0.325 bought at 0.31

hmm, PN17?
Will become 2-3cts stock soon. If you want to test, can buy 250 lots say @ 0.035, then sell at 0.045 when market is healthy or syndicate is playing..

Can make bout RM300, good eh?

KLSE doesn't allow short-selling, only regulated short-selling is allowed which on certain designated stock only.

You need to arrange with investment house to borrow the shares in order to sell. It is a tedious process, even fund managers don't show interest to do it.

Do you think investment house want to borrow a few then to hundred thousand of shares to you for you to short-sell?

Short-sell only work in mature and developed market like US.

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Added on May 24, 2008, 8:34 amIf company delisted, then all money gone. That's the risk of those PN17 counter.

I find amuse and hard to understand sometimes, why so many people like those PN17 company? Treat it as a gambling like 4D may be? Sorry, no offence. Don't mean it won't make money, just the risk involved is pretty high, to me, it is more like gambling already.

This post has been edited by cherroy: May 24 2008, 08:35 AM

different ppl have different risk appetite, perhaps

i treat PN17 company like a dieseased company, wont look at it either.

I dont see KLSE is an investment place lor.. When you say investment is mean long term. However today you see ppl buy sell the share within T+3 period. Dont you see it like gambling?

thats me ^^ a gambler

well said.

T+3 can be played occasionally (but not everyday), basically is more like betting on luck.