For this kind of counter, don't expect to shoot overnight one. It takes times before it rebounding strongly (typically when future doubt it clear up).

Market does concern about its massive expansion programme. If Genting wants to take Resorts private then it might not a good news for its short term share price as it involved large sum of money in stake which inevitably put more pressure on its stock price which it needs to raise more debt after 5 billions on newly Singapore Casino, several hundred millions in UK casinos.

Resorts has 5 billions+ outstanding shares, so to take it private at current 3.+ price, it needs 15-20 billion, minus the stake Genting have currently, Genting needs at least around 10 billions in cash to make it.

KLSE doesn't allow short-selling, only regulated short-selling is allowed which on certain designated stock only.

You need to arrange with investment house to borrow the shares in order to sell. It is a tedious process, even fund managers don't show interest to do it.

Do you think investment house want to borrow a few then to hundred thousand of shares to you for you to short-sell?

Short-sell only work in mature and developed market like US.

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Added on May 24, 2008, 8:34 amIf company delisted, then all money gone. That's the risk of those PN17 counter.

I find amuse and hard to understand sometimes, why so many people like those PN17 company? Treat it as a gambling like 4D may be? Sorry, no offence. Don't mean it won't make money, just the risk involved is pretty high, to me, it is more like gambling already.

This post has been edited by cherroy: May 24 2008, 08:35 AM

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.

Because its financial result is like yo-yo. One year make big profit, one year make significant loss, so people find no clue to judge its future unless it turns to be more steady result which currently showing some.

It was a Rm5-7 counter back long time ago.

Shell is more attractive compared to Esso, just my opinion (personally got Shell shares so please bare with me, if it sounds bias)

This post has been edited by cherroy: May 26 2008, 10:34 AM

Wrong and wrong.

Esso and Shell listed in KLSE has nothing to do with its parent company. Just the parent company holds the controlling stake in them.

Business wise, their business is Malaysia based and incorporated in Malaysia and has nothing to do with their parent company. They both are refining company.

Ok, may be mis-undertanding a bit, just to avoid people has wrong perception that buying Shell or Esso in KLSE similar to buying Royal Dutch Shell, its parent company. Same does Esso, parent company is ExxonMobil.

They have nothing to do with their parent company business except the contolling stake they owned.

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.

As long as political situation is not clearing up, for sure not many FF will keen to pour big into the market.

Also one key important element on economy front that is petrol and diesel situation not knowing what gov will do.
Gov need to act fast, can't keep on dragging on this issue, as businesses need clear signal and situation to make for future planning.

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.

Axis and Atrium are having nearly net 7-8% yield now.

I more keen on Axis at 1.70 again.

Property sector is being downgraded by lot of investment banks, so won't see major upside in near term. Long term may be but short term wise much difficult.
So want to invest on property sector need to be long term.

In current bearish market, my advice to all is don't need to rush to buy stock, can take bit by bit. You don't know when it is the bottom one. Instead taking one shot (based on your fund), it is more advisable split it to several portion for different entry point to average down cost.

Just my 2 cents.

For Neo18, he has strong bullets one, so as long as his holding portfolio is giving him more than 7% yield, it is hard to convince to cut loss.
What if cut loss then stock goes back up? Although personally doesn't view any major upside in near term, still stock investment, one can't or almost impossible to time the market exactly one.

If one has continuous reload his/her bullet through steady income from core job, then as long as those good fundamental stock still intact with their financial situation, cut loss is not the priority concern.

Unless got 'bullets' constraint or in tight situation then different story.

Just my 2 cents.

Yes, Panasonic88 has a good point to make.

Stock investment is never a short term game. Only long term can see the real effect, but it doesn't mean it surely will gain, that's why stock pick is important and fundamental issues come into play.

Neo18,
Those are paper loss, not the realised one, unless you sell it/cut loss, then those losses only meaningful.

Most importantly in this bearish period, those good fundamental stocks are giving you the yield better than FD rate!.
Treat it as FD then you will sleep very well every night.
Then not much to worry about except monitor the the company stocks financial result from time to time.

A loss still a loss, what different between paper loss and realised loss is:

Realised loss - that is, just like putting the money on the table then being 'sapu', game over for this round.

Paper loss - still a loss, but you are still 'in the game', final outcome not yet known, can be better and can be worst.

In stock investment, there is impossible to not have any paper loss especially on the initial stage of investment or just after market peak down. <-- which current condition.

What matter most is how you pick a stock and whether the company can still generate enough wealth to the shareholders.

That's why it is important that those money being invested in stock market one, one should sure those are extra and won't be needed for long period of time, at least 3-5 years above.

This post has been edited by cherroy: May 27 2008, 01:44 PM

If one bought at 1.6x and now is 2.2x, still want to hold on some company that failed to submitted audited account for the 31/12 ending one? Then I salute him/her on the bravery side.

Don't mean recommend buy to sell. Judge your own, and buy/sell on your own risk.

Pubic Bank?

Tell you remiser then want to sell/buy your 'pubic' bank then.

FYI, the company submitted the extension of period for the financial reporting on 31/12 but has been rejected and is classified as PN17 company already, but someone during that time, 'goreng' it kau kau, I suspect try to unloading stake (just my guess).

This is some line published by KLSE

That's fine, if one believes it, after all it is a free market.

But personally won't touch on those company failed to report their financial report on times one, even for speculation purposes.
Those reporting losses but still properly on schedule is much much better that failed to report anything.

Just my opinion.


This post has been edited by cherroy: May 27 2008, 03:12 PM

Not all fund managers, syndicate, or hedge funds are successful in every attempt, there are plenty of fail story also. We have seen plenty of hedge fund winding up since subprime mess.

We small fish can only swim together with big shark and eat what passed by or left over. <--- this is typically on goreng stock issue. If if one swim wrongly and opposite with big shark then being eated.

Playing fundamental stock, don't need to swim with big shark, so safer.

Just my 2 cents.

Airasia become penny stock already.

Budget airliner become budget stock also.

This stock if you plan to hold and don't keen to average down or cut loss, then can forget it and don't need to see it for somewhile.

No eyes to see is right.

I think a lot of people (those only start involved in stock market since 2006-2007 onwards one) don't have this kind of experience.

It is quite norm to have this kind of downtrend in a bear market. It can make one very frustrating to see its daily price movement and eager to sell-off.