dow jones red...

Good good.. means monday will be green for KLSE
Since the past few weeks the KLSE trend is going opposite direction of dow Jones.

lol .... isn't klse always like that . Anyone can explain this trend ?

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Added on May 24, 2008, 8:03 pmoh ya, y not open a new thread to share only Insiders news ? We can form a new force to pull up the price....

This post has been edited by chen9wei: May 24 2008, 08:03 PM

The reason being is that when Dow is red, the funds are invested in Malaysia instead

lol, then klse would be reaching another new height.
It's not quite possible anyway... Malaysia market is like a tiny sand....

In most cases,yes,I agree that 99 % of those companies classified as PN17/GN3 are companies under financial distress and chances of delisting is high.

But,there are exceptions,some companies that have sold off their core business and are now without any core business are also given the same classifications under PN17/GN3.These companies may have lots of cash horde and can either return the excess cash to the shareholders or,use the cash to venture into other undertakings .

This type of companies are rare but they have the potential to pay high dividend/capital repayment.There is also possibility of being a takeover target,or there may be injection of new business.

One should not treat these companies as same league with the rest.It may be worthwhile to dig deeper into the cause of the classification and who knows,you may be rewarded accordingly.

If these companies were to give high dividends to its share holders, dont u think the share would drop more? They dont have a core business to support its share prices already right?

any1 know wat happen to jaks? keep dropping since last week.....

genting 5.95 lo... i wait at 5.00

It might goes beyond the 5.00 mark..

is that possible ? genting is strong counter ler..... maybe will if anuar announce to become pm

can some1 tell me how a individual foreigner investor invest in india stock market -Bombay Stock Exchange ??
i can't find a broker that provide services to buy India's stock....

Personally, I don't think that it will drop until 5.00.

If genting ever drops to 5 dollar....ill sell my life..and buy 1000 lots ^^

You have to deal with broker in India. ATM I've never seen any local brokerage agent deal with india stock market.. Maybe you can try to ask our local brokerage agent.

Local Brokerage agent deals with:
Hong Kong index
Shanghai index
US Stock market
Singapore stock market

only as far as i know...

This post has been edited by keith_hjinhoh: May 25 2008, 10:16 PM

Yes,the market price adjust after the ex date.But that''s a different issue.

My main contention is that there are also companies with sound financial health classified as PN17/GN3.

i see...can u give me some e.g? i want to goreng tmr ^^

Just to more specific.

PN17 company is not as same as GN3 company, although both potential being delisted due to violation of listing requirement.

PN17 - is towards ailing company which either in negative shareholder fund, or some financial distress or violation of rules due to financial situation.

GN3 - is towards to violation of listing rules because of having no business or core business.

Both are not in the same category.

cherroy..do u know any websites that shows the list of GN3 and PN17 counters?

here you are

for PN17
http://www.klse.com.my/website/bm/listed_c..._companies.html
APL Industries Berhad
CNLT ( Far East ) Berhad
Ekran Bhd
Foremost Holdings Bhd
Gold Bridge Engineering & Construction Berhad
Halifax Capital Berhad (formerly known as Setron (Malaysia) Berhad)
Harvest Court Industries Bhd
Idaman Unggul Berhad
Kosmo Technology Industrial Berhad
Liqua Health Corporation Berhad
Luster Industries Bhd
Mangium Industries Bhd
Merge Energy Berhad
OCI Berhad
PECD Berhad
Pilecon Engineering Berhad
Putera Capital Bhd
Satang Holdings Berhad
Seloga Holdings Berhad
Sunway Infrastructure Berhad
Syarikat Kayu Wangi Bhd
Talam Corporation Berhad
Techventure Berhad
Tenggara Oil Bhd
Time Engineering Berhad
Triplc Bhd
UBG Berhad (formerly Utama Banking Group Berhad)
Wonderful Wire & Cable Berhad
WWE Holdings Berhad

newly join PN17
ARK Resources Bhd (formerly known as Lankhorst Berhad)
Lityan Holdings Bhd
Pan Malaysian Industries Bhd


GN3
http://www.klse.com.my/website/bm/listed_c..._companies.html
eB CAPITAL BHD
MEMS Technology Berhad
NasionCom Holdings Berhad
Tamco Corporate Holdings Berhad
Wimems Corporation Berhad