Can also. Total for the year is Rm1.15.

Genting is having its technical rebound after recent sell off. Don't know sustain or not, I think it much depends on how its financial result now.

This post has been edited by cherroy: May 29 2008, 10:35 AM

Just read Resorts financial result. Lastest Q result earning is 5.09 cents, annualised 20.36 cents, at current share price of 3.20, PE is about 15.7. Not cheap though nor expensive, a fair price.

Either way is bleak, no escape route at the moment. Quite correct. Stock market won't tumble without any reason, if future is bright and good ahead, do you think Genting share would fall from more than 8.00 to now less than 6.00? Market will take care of itself and it is a future discount mechanism ie. current stock price is reflecting 6 month to 1 year ahead situation.

But gov only tell half of the story, as oil price keep on surging, Petronas is making tons of money from it which Malaysia should benefit from it. You have more subsidy paying out but you are still earning more from the source of it. So breakeven only for the gov if gov is using its resources more properly, less wastage. Please don't buy a screw driver that cost Rm200 will do.

Until now, Malaysia is a net exported of oil (not yet as net importer but projected to be in next 5 years if production and consumption level as same as predicted).

Don't get me wrong, I know it is not sustainable in long run with high subsidy around. Just to highlight the half story issue.

This post has been edited by cherroy: May 29 2008, 01:45 PM

One reason for private consumption increment is because of massive paid rise for gov servant. Those salary increment is being spent out and circulate in the economy system. That's one of the reason why 7.1% is achieved.

But it affects the gov budget deficit over the long run as more and more gov servant being hired. We have more than 1 millions people are working under gov or gov related agencies with total population of 20+ million (including kids, retired people)

When they reached the mandatory take-over (owning more than 90%) then it will trigger automatically all remaning shareholders have to sell their shares to the party that privatise it disregard the reamaning 10% shareholders' wish.

So by right, they will send the cheque for the privatisation offer and debit your shares in the CDS. But I have no experience regarding it. So don't know whether existing shareholders need to do anything, may be Iklatmy can give out more accruate information about privatisation deal.
By right on paper, shareholders don't need to do anything.

Oppss, sorry didn't remember, will check back. Thanks.

Somebody just make a wrong transaction in F&N, key in mistaken or what.
Spotted because F&N is in my 'favourite page' list.

This stock is around Rm9.00, somebody just sold 160 lots at 7.95. Force-sell also not like that mah. Those who bought instantly 10K+. Now back to 8.95.

This post has been edited by cherroy: May 29 2008, 02:36 PM

Because it was done one shot at 160 lots. So even you Q at 8.50 with 10 lots, you still will get done at 7.95, because the sellers key in 7.95, unless the buy Q at that time is more than 160 lots then it will be done at the best buyer price, if not (buy Q less than seller order) it will match the seller's wish price.

Just found one interesting issue, the Genting buyer's withdraw at least 5000 lots on each Q at 5.90 and 5.85, previously more than 13-15K+ one, now all less than 10K.

This post has been edited by cherroy: May 29 2008, 02:59 PM

Then tell me which counter you are going to sell next time.

There are a lot of people purposely Q in those low liquidity low volume counter that haven't many sellers and buyers between one, they always Q like when last done is 9.00 then buyer Q at 7.95 (like F&N) case, or last done 7.50, Q 6.45. etc. It is like 'fishing' game.

This is not once this has happened, it happened many many times. Once it is become severe on one case, that some one mistakenly key in more than 1000 lots, wrong price with wrong lot! causing several hundred K of cost.

That's why online trading portal doesn't allow retailers to have direct connection which all online trading orders are being routed to broking server first then only re-direct to KLSE trading system. There is a limit of the online trading site that allow one to key in how many lot also. More than that or credit limit, it doesn't allow it to go through. As they afraid someone mistakenly key in it. Even when we type sometime talk about 1,000 share then become 1000 lots.

Your busuk stocking is on risk now.
Market turns 'sour'.

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Added on May 29, 2008, 3:37 pmActually too many small fish buying is not a good sign le. Need big block one.

This post has been edited by cherroy: May 29 2008, 03:37 PM

Small fishes eat, eat, eat then 2000 lots finished, but sellers put another 5,000 on the tables, like that small fish surely 'mati kenyang' later on.

Wah like that also can.

Never mind, still valid good reason mah, delay flight mean don't doing job properly.

You need to take first class flight on MAS or SIA, then rib-eye steak plus some good wine will be served.

Because big players are watching and responding everytime. Not everyone will put in buy/sell Q when they want to buy/sell.

Big seller want to sell, will fill up the sell Q everytime the seller's Q is finished or nearly finished. Like that they can sell in much better price without depressing the share price too much. If someone early in the morning put up 50k lots want to sell, buyers all 'cabut' and mostly Q at lower side, not many want to take the seller liao.

Big buyers want to buy also won't straight away put 20-30K Q in the buyer side, only buy when there is enough seller then take it. Like that they can can prevent price move too significantly with too big block selling/buying.

You don't know how much they got in their card (whether buy or sell, still the same) which is the reason why they don't want to put it all on the Q. If all put in the Q, then exposed already.

LOL, playing FKLI meh.

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Added on May 29, 2008, 5:37 pmCurrently DJ also not moving big in either side. Also on low volume mood.

This post has been edited by cherroy: May 29 2008, 05:37 PM

The thin volume with price creep up, not that good le. But its result does raise lot of concern, although not as bad as some anticipated, but still is a poor Q, that's why dropping so much recently esepcially after news/result of Genting International came out from Singapore.

Still it is considered a technical rebound at the moment, but with right timing, still can make a few peanut out of it.
Need some good volume with price incremental to confirm its bottom at 5.75, otherwise, might just stuck at around 6 level.

No. A bit too late to pick up. Hesistation when 5.75, (when I asked time 2 days ago said lost clue a bit), cost the opportunites loss. Learn another lesson, sometimes don't hesistate.

Also, found out the buyer Q always 'fake' one, often withdraw one. Its footing not strong yet, seller Q is solid but buyer Q not yet known.

May be below 6.00 will pick. Not my main target, just for some peanut fun, as you know, I like my holding stock to have at leat more than 5-6% dividend yield one.

Just simple compile of big cap latest rsult. Only Pbbank, PPB and others plantation stocks are reporting good result, others quite disappointing around.

This post has been edited by cherroy: May 30 2008, 10:39 AM

LOL, where got? Genting is like saving account interest rate only.

Whenever CEO or MD of a company sells its own company, it won't be a good sign.

No. Contract is calculated based on the whole day total.

Let say you buy 1 lots 10 times in one day. They will calculate as one contract of 10 lots. So only 1 contract with 1 min commission applied. The buyer cost is not as you taught.