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 pm
Is that conclusion from FA or TA?

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.

genting 5.95 lo... i wait at 5.00

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.

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.

expected it to fall. Hopefully not that terrible. 

Sarawak Plantation (5135) back to year high, achieved in Jan 2008.
Bull run since mid march.

err sorry, not so clear on right issues, you may give some work to our remisier, lklatmy, today should be a free-day

today fry oyster with extra chillies, wan some 

Tonight US market closed as well.

We have low volume for the last few months already. From last year around 1 billions average to now around 300-400 millions.

Low volume cannot push market beyond 1300, let alone 1500 by year end.

Also shows that FF managers are not keen putting $ in Malaysia, as our political scenario is full of surprises. Next thing you know, Dr.M join PKR.. Hahaha

The other way round
The lower it get, the more interest on it. 
Unless Genting reporting poor financial result, then situation might change then, if like that (poor financial result on this Thursday) then need to lower target price liao.

MRCB diving hard. do they lost Penang monorail project ?

ya, i'm waiting for AXIS 1.7 too.. don't worry. i got bullet to shot this month..hahaha

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Added on May 26, 2008, 5:30 pmATRIUM, i q @ 0.87 cannot get.

so decided to buy @ 0.875 lor. this counter, i just collect dividend and hope government reduce REIT tax from 20% to 10% this year

it seem like it is very quiet today at KLSE.