I suspect our stock market would be listless for at least until end of this year.
Yesterday, when I watched Tan Sri Nor Yaakob giving a comment about our country's financial prospects, his face really GRIMACED & looked uneasy when he delivered his comments that our country's economy is doing fine & stock market shouldn't be much affected by our politics.

Still risky to go bargain hunting in wake of all these bad news. 

today SAPP holding a meeting
could this be the time-bomb?

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Added on June 20, 2008, 9:58 am
hopefully sooner for the better

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

Still long time to go (2 years) even if it will happen. 

See, in this 2 years time, KLCI from 800-900 goes to 1,500 before plunging back to now 1,200 level. Anything can happen.

So if someone tells back 2 years ago, KLCI will plunge 30% during 2008, he/she also get it right. But he/she will not buy stocks during 800 points time.

Same goes to Genting case, someone 2 years ago said Genting share will plunge 40% during 2008, yup, get it right again, from 8.++ to 5.xx (around 40%). Very good prediction. But Genting shares was around Rm 4 only nia 2 years back (around RM20+ before 1: 5 split). So he/she won't buy at RM4, because the prediction so accurate on 40% plunge.

Even sell now, also can register hefty profit.

Haha. 

Don't get me wrong, I am saying market will be bullish or bearish or anything. Just somehow need to look at different perspective sometimes.

Next Monday got the Resorts AGM, wanna hear what they say!

and the only ones asking questions would be ppl from the minority shareholder watchdog group, and this guy from sg lalang, and another guy from kg pasir.

RESORTS have been buying back their shares actively for the past few days. I'm holding 10 lots at 2.89 right now and I'm thinking of getting more. I don't think it will slide down further, and this is a good time for accumulating more around 2.80~2.90....Just my 2cents!!!

Share buyback has nothing to do with privatisation as those shares are treasury shares which is belonged to the company itself, not substantial shareholders nor any shareholders.

Privatisation normally is substantial shareholders buy from the market and eventually take it private as getting 100% of the company shares(privatisation).

So, it is half-tank empty now, sigh..what to do , have to prepare some bullets when the worst comes(@2.00 perhaps as my aim)
sigh....its really difficult to make real money in stock market, all the hard work done last year to realise my profits (about 30k), I can say its almost erased.
Now,  I can only rely on the meagre dividends.

All,

1)  I learn it from "Rich Dad, Poor Dad" of Robert Kiyosaki.

2) I lost 50% of my life savings during Internet / Telecom bubble.  So, my patient is learned through making HUGE MISTAKE.
SKY 1809,

3) When I reached USA, it was in a middle of HOUSTON OIL BURST.  Then, we had Texas Saving and Loan collapse (house price always went up?).  A few recessions.  97/98 Asian currency crisis and so on.  So, in summary, I was NEVER comfortable.

4) Many of my peers in my age group cannot FIND a job now.  Or, they have to be under-employed aka getting a lower paid job.  So, if I DO NOT SAVE this last pile of income, I will ended up with NOTHING.

Hopefully, the younger folks will learn this before it is too late.

Dreamer

hi all, lately seldom monitor liao due to 'brearish' nature....concentrate on saving bullet n waiting for a major major drop if it happens..hehehehehe.....if it go up then cant buy but can sell....so..just be patient lo......

PS: most important is nt to rush into buying with ur last pile of savings as nobody knows where's the bottom is......just remember to maintain your portion of savings no matter how 'low' the price of ur beloved stock might be -just my 2 cents-....i'ved never gone through 97/98 financial crisis, etc etc but i do value the power of savings ($$$$$) as grown up fr not-so-good-financially family.....dun lose them ($$$$$)!

I get what you mean, Dreamer, but that's provided you have no intention selling at all until your golden age. On top of that, the company has to be continually a profit-making company.
I envy that you have PBB @7 , but had I bought around 11.50 level, it would be an unrealised capital loss now.(Price may deteriorate to 7.00 level , never know)

Sometimes, we do not know when we would need to use our money even though supposed to be parked as long-term holdings.  If I had to sell PBB now @ 10.30 level, then it's immediate loss.

Oh..by the way, you give us some inspiration to keep our good shares in these turbulent times.

To Cherroy & Sky

attended Resorts AGM. Hundreds attended (3x more than last year)
1) they have no plans to distribute share dividends nor cancel
2) when asked  regarding higher cash dividend instead of share buy-backs
(they answer: maintain a 20% dividend policy. Next dividend is already higher than previously, they claim. They have plans for the cash but didn't reveal )
3) when asked about the share buy-backs @ 4+ & 3+ but value now @ 2.80+, Tan Sri seems to admit the value has gone down.

The answers are like a broken record .

The Tan Sri Lim Kok Thay is really a serious & glum man.

its hard to believe that Rosmah witnessed the event instead of Baginda's wife.

Initially, that was what I thought as well.

However, as I found out later, tax-exempt dividends (not to be confused with single-tier tax-exempt dividends) means that the dividends are being paid from tax-exempt profits of the company, hence the company pay out the full gross amount as net dividends, without charging from the S108 account balance.

From the shareholder point of view, it is still taxable.

guys,

what do u think of BURSA @ 7.65? i think of buying la