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 Stock Market V13, Stock Market Chat, Traders and Investors Chit Chat

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aretla
post Jun 4 2008, 10:16 PM

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how to live???
my salary need how many years onli can increase 40%??
where is the income that generated by our petroleum????
our fuel price is now almost the same as our neighbour countries alr.. but they dont have petroleum in their land!!!!! we do!!!!! vmad.gif mad.gif bruce.gif bruce.gif vmad.gif
aretla
post Jun 4 2008, 10:43 PM

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QUOTE(panasonic88 @ Jun 4 2008, 10:30 PM)
i am not selling, even tho expecting further paper loss.

just take it as part of the cycle.

but will scout for under-valued dividend stocks.
*
looking forward ur scout report tongue.gif
aretla
post Jun 4 2008, 11:18 PM

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sigh... looks like i jump into stock market investment not in a right time.... should keep the cash with me...
2008 tis a funny year of malaysia.....
aretla
post Jun 4 2008, 11:52 PM

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QUOTE(cherroy @ Jun 4 2008, 11:24 PM)
They will impose a windfall tax similar to palm oil company as long as their return in asset is more than 9% on those IPP. Aka if you make more money, it would be punished by gov and impose tax on you, if below, then gov wouldn't impose the windfall tax.
Simple term, a punishment for making too much money.
A bad news for those IPPs.
*
YTLPOWER <2.00 maybe??

sigh... the paper loss gonna increase like no end liao....
aretla
post Jun 5 2008, 09:27 AM

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pana pana..
how's ur scout report progress??? tongue.gif
aretla
post Jun 5 2008, 10:41 PM

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haihz.. no bullet to shot le...
so sad....


Added on June 5, 2008, 10:54 pm
QUOTE(alivecmh @ Jun 5 2008, 10:40 PM)
DJIA surge almost over 100!!, HOW klse will react tomorrow ? technical rebound or continue today tsunami?
*
cont drop cool2.gif

This post has been edited by aretla: Jun 5 2008, 10:54 PM
aretla
post Jun 6 2008, 08:00 AM

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August... another round of fuel rise...
September... dunno will reli change gov as anwar said onot...

considering to sell all shares now...
keep the cash...
wait untill all settle down only come back...

aretla
post Jun 6 2008, 09:57 AM

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dont think today rebound can last for long...
dunno when gov will throw out bomb again...

aretla
post Jun 7 2008, 12:08 PM

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monday klse got holiday?
aretla
post Jun 8 2008, 11:47 AM

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QUOTE(AdamG1981 @ Jun 7 2008, 07:13 PM)
No, if you have bought blue chips, high dividend counters, you can continue to hold. In fact, you should try to average if these counters are down a little. I don't see a bloodbath again on Monday because seems like the rally of commodities, (oil, palm oil, soybean, corn) is here to stay for a bit.

However, if you have purchased penny stocks, for instance, AirAsia, you should sell and cut loss.
is gamuda and resort considered bluechip?? sweat.gif
aretla
post Jun 9 2008, 12:19 PM

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QUOTE(cherroy @ Jun 9 2008, 11:18 AM)
I can tell, this round inflation is much more severe than 1997.  sweat.gif
*
then should we sell all stakes now to keep cash???
aretla
post Jun 9 2008, 01:48 PM

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QUOTE(Brotherjoe @ Jun 9 2008, 01:14 PM)
Looking at Gamuda..
How many shares does FMR LLC & FIL Limited has on Gamuda? Disposing the shares like there is no ending..
*
they still have 124,162,160 shares on hand....i believe they wanna throw bit by bit until all sold sweat.gif
aretla
post Jun 10 2008, 11:30 AM

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after bonus shares is given... is the share price of the counter will be revised?
take an example now... VS is giving out a 4:1 bonus share..ex-date 12/6/08..
the price now is 2.98...
so after the ex-date.. how's the price will be revised?

thanks for answering in advanced. smile.gif
aretla
post Jun 10 2008, 12:12 PM

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QUOTE(aretla @ Jun 10 2008, 11:30 AM)
after bonus shares is given... is the share price of the counter will be revised?
take an example now... VS is giving out a 4:1 bonus share..ex-date 12/6/08..
the price now is 2.98...
so after the ex-date.. how's the price will be revised?

thanks for answering in advanced. smile.gif
*
anyone? thanks

QUOTE(goognio @ Jun 10 2008, 12:10 PM)
Anyone knows why Ranhill drop so much for the past 2 weeks  cry.gif
*
their quarter result performs badly...
aretla
post Jun 11 2008, 12:26 AM

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bloody hk today.....
klci heading to nowhere....
it wont go up... juz waiting for another bomb to cont dipping...
aretla
post Jun 11 2008, 08:07 AM

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wao.... cheap selling SIME today??

Sime Darby sacks CFO
By HANIM ADNAN

KUALA LUMPUR: Sime Darby Bhd on Monday sacked its chief financial officer (CFO) and another senior executive following an in-depth inquiry into RM120mil losses from crude palm oil (CPO) futures trading.

The services of group CFO Razidan Ghazalli and group vice-president (1) of downstream and biofuel Muhamad Mohan Kittu Abdullah were terminated with immediate effect.

In a statement yesterday, Sime Darby said the trading losses at Golden Jomalina Food Industries Bhd, a subsidiary of Golden Hope Plantations Bhd (GHope), were discovered in August 2007, several months before the merger of GHope, Kumpulan Guthrie Bhd and Sime Darby.

Shortly after the losses were discovered, KPMG Forensic was engaged to conduct an investigative review of the futures trading operations at Golden Jomalina.

The forensic accountants completed their report and handed it to Sime Darby this year. The issue was deliberated by the group’s board of directors at a meeting on May 28.

After having reviewed the forensic accountant's report and findings by a panel of independent directors set up by the audit committee, Sime Darby’s board determined that the persons concerned had failed to discharge their functions to the standard of care that were reasonably expected of them.

Razidan was GHope’s finance director while Muhammad Mohan was Jomalina’s general manager when the losses were racked up through futures trading between October 2006 and August 2007.

According to a Sime Darby spokesman, appropriate provisions had been made and the group would not have its future profitability affected by the past losses.

He added that measures had been taken to strengthen processes and trading parameters.

“The decision to terminate the services of the two staff members was taken after an extensive process of investigation and deliberation. While it is never a pleasant task to dismiss any personnel, the board felt that the move was necessary in the interest of accountability and to protect stakeholders of Sime Darby,” said the spokesman.

Meanwhile, industry analysts contacted by StarBiz said the RM120mil trading losses would not have an impact on their earnings forecasts on Sime Darby as the group confirmed that it already made ample provisions to account for the losses.

A plantation analyst with a bank-backed brokerage said while the revelation (of the losses) might raise concerns among investors, Sime Darby had made the right decision to make its top staff accountable for the glaring irregularities within the group’s highly diversified operations.

“The group is advocating transparency and issuing a stern warning that irrespective of the rank, none of its staff will be spared from the consequences of irregularities which can keep on cropping up in any big organisation,” the analyst said.

Another analyst concurred that it was a positive move by Sime Darby to reveal the losses rather than to cover up.

“I believe that some plantation analysts since last year have already sensed the irregularities, particularly the losses in the group’s downstream operations, attributing it to the unfeasible biodiesel operation.

“This losses were somewhat overlooked, given the good performance in the upstream plantation operation due to the higher CPO prices,” he added

This post has been edited by aretla: Jun 11 2008, 08:07 AM
aretla
post Jun 11 2008, 11:33 AM

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genting 5.55...resorts 2.96... sweat.gif
no buying yet... waiting resorts for 2.80...


Added on June 11, 2008, 11:35 amliondiv 1.42!!!!

This post has been edited by aretla: Jun 11 2008, 11:35 AM
aretla
post Jun 11 2008, 05:08 PM

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QUOTE(cherroy @ Jun 11 2008, 04:24 PM)
Today belongs to 'Lion' day, LionDiv, LionCor, LionInd, all are being 'goreng' but volume is so so only.
Something brewing behind?
*
liondiv vol should be considered high liao rite if compare to its normal trading vol....
who know the story behind?

as well as story behind resorts... the price go so low... reli privitise tis time?
aretla
post Jun 11 2008, 10:50 PM

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QUOTE(AdamG1981 @ Jun 11 2008, 08:02 PM)
The Fed Beige book is being released at 2 am tonight.. (while i be waiting for Portugal vs Czech) and the words will be scrutinized closely by investors. Right now, investors think the US economy might dodge the recession bullet, but with signs of stagflation looming, many are scared to invest their money in US equities. Also, on another note, the crude inventories is going to be released at 10:35 pm tonight, i am expecting a fall in inventories of 2 million bpd. anything highter than that, we might see a rapid spike in crude prices again.

IF both reports are indeed "scary" for the investors, we might see a fall of 200-300 points. To avoid a big drop, the FED has to convince investors that they are not planning to raise rates soon but there have been huge bets pointing to a 75 basis points increase.

Take a look at US Treasury 2 year, its now 2.09%; and US dollar has rallied to 1.54 against the Euro after Ben's gungho speech. I am afraid Malaysia will have to follow suit; as UK, US, China, Australia had all reported acclerated CPI/PPI.

US CPI / PPI this friday. FRIDAY 13TH !!!!!!!
*
walao.. sounds very scary le....
cham lo.. i got many shares in my hand now....
both KLSE and US market.... sweat.gif sweat.gif sweat.gif
aretla
post Jun 12 2008, 09:12 AM

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QUOTE(DJWC @ Jun 11 2008, 10:54 PM)
Hi aretla,

Have u thrown all the 4715 stock? How many you hold at the moment? Im scared the market will tumble down very soon.

Thanks.
*
wat is 4715? tongue.gif


Added on June 12, 2008, 9:14 am
QUOTE(AdamG1981 @ Jun 12 2008, 08:23 AM)
Nikei down almost 2%. China's CPI report is due.

KOSPI, TOPIX, Shangai Index, Bombay Sensex and DJIA will affect CI trading today. Judging from last night events, BLACK FRIDAY IS VERY LIKELY.

Word on the street is Goldman Sachs have more writedowns next week when it reports its earnings. Also, Lehmann is needing another huge capital injection which is highly dilutive to the company's shareholders. Any bank run on LEHMANN next week will see DJIA collapse almost 300-400 points.

US jobless claims & retails sales due tomorrow, CPI/PPI on Friday.

HOLD at your own risk!


Added on June 12, 2008, 8:25 am

A recession is a easier problem to handle, while a lingering inflation hurts the economy longer. Therefore, its "best" for the government to raise IR soon because the economy suffering from inflation will require very drastic measure in the near future.


Added on June 12, 2008, 8:30 amWill China raise INTEREST RATE or let YUAN appreciate more? Another RRR increase?

Tick Tock Tick Tock

Shanghai / Hang Seng to crash today?!?!
*
walao eh.. wan scare me like this meh...
if not HOLD.. hurt painly leh.... wan meh...?

This post has been edited by aretla: Jun 12 2008, 09:14 AM

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