opening bell price might be -20%

KLK vomits blood

Underwriter jiak ka liao,may push up to distribute leh!

cheap sales coming again.......

indeed, rolling down the stairs like big potato

IOICORP below IOIPROP liao....

end up become smash potato.....(nyum nyum>

This post has been edited by fergie1100: Sep 9 2008, 03:56 PM

Underwriters become major shareholders of company.

TA Securities and KAF....The two underwriters

Underwriters must be upset to have such a load. Should be the 1st time since the early 2000s.

a bad year to list IPO, sigh.

Vastalux Sdn. Bhd.
http://www.vastalux.com.my

Vastalux Sdn Bhd "Vastalux" was incorporated in 1995 as a 100% owned by bumiputera professional who have vast experience in coodinating and executing a multi million projects. A major strengh of Vastalux is the company's ability to provide a total services from the projects inception including full technical support for the work execution.


no wonder la...sapa mau??????

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Added on September 9, 2008, 4:21 pmno wonder my fren (working in KAF) says this yr no bonus!!!!!
previously.....twice a year.....at least 2 months bonus each time!!!!

This post has been edited by kinwawa: Sep 9 2008, 04:21 PM

i wonder who gained most from supporting IOI...

based on today business section in NST..foreign fund outflows

HLeBroking: Foreign funds outflow worrying
FOREIGN investors are moving their money out of the country at an alarming rate due to domestic political uncertainties and record inflation rate, says HLeBroking Research.

"Funds are exiting the country at a worrying rate. In the first half of 2008, a total of RM125 billion funds was withdrawn from Malaysian shores. This first half 2008 outflow has already exceeded the total outflows of RM92.3 billion for the whole of last year.

"All in all, fund outflows are increasing drastically, while fund inflows are decreasing drastically from last year," it wrote in its Traders' Brief to its retail customers yesterday.

The local research firm said the effects of the outflow of funds can be seen from the selling out of Malaysian bonds and the ringgit.

"As a result of plunging bond prices, bond yields for the three-year Malaysian Government Securities is now at the alarming 4.18 level.

"Essentially, the loss of faith of foreign investors has increased the cost of funds for Malaysia in general, making it hard for people to raise funds to finance economic activities," it added.

HLeBroking Research said one factor causing international investors to withdraw their funds from the country was the political uncertainty.

"The Kuala Lumpur Composite Index (KLCI) was sold down, with drastic changes in foreign shareholdings, while prices of bonds begin depreciating sharply, increasing yield and, at the same time, the country's cost of raising new funds," it said.

The country's inflation also rose to a 26-year high of 8.5 per cent in July, following the fuel price hike a month earlier.

"When Bank Negara Malaysia failed to raise rates to protect the ringgit, investors began discounting the value of the inflated ringgit and immediately sold down the currency.

"Putting further pressure on our currency is the widening budget deficit. In end-August, the government announced a national budget crafted with the objective to spend more money to drive the country's slowing economy.

"Unfortunately, the increase in spending comes at the expense of widening the budget deficit from 3.1 per cent to 4.8 per cent of gross domestic product," HLeBroking Research said.



Since April of this year, the steep selldown of the ringgit has led to a 57 per cent loss of gains that it made against the US dollar since 2005.

"Fortunately, rating agency Standard & Poor's recently reaffirmed the sovereign ratings of Malaysia (foreign currency: A-/A-2; local currency: A+/A-1).

"Hence, we are of the opinion that the 3.5 resistance level would hold for now," HLeBroking Research said.

very bullish market coming lor...

What happened to KNM?

Tomorrow will be a bloodshed for CI again. More housing pain from the US; and crude oil has fallen another 2 dollars, IKE has shifted. OPEC output will remain.

OT: Shorted FKLI this morning 1059 and covered back at 1053.

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Added on September 10, 2008, 2:28 amGuys who pm-ed me regarding US bonds, please check with your local brokerage if you can purchase US corporate bonds

Here's an article from CNBC regarding bonds

http://www.cnbc.com/id/26621603

There's also a short clip with Bond King PIMPCO Bill Gross.

Again, investments do carry risks. Please do your own homework before purchasing any type of financial instruments (debt/asset/derivatives).

For those who are interested in FKLI, i will be going to KL in October. We can meet somewhere and i can tell you more about FKLI in person.



This post has been edited by AdamG1981: Sep 10 2008, 02:34 AM

Need to buy ticket for this "seminar" ar?

No lar....we all friends. Apala, it's my joy if you guys make money from FKLI.

Coz then i will get free lunches, dinner at KL.

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Added on September 10, 2008, 3:47 amUpdate: Nymex oil has fallen more than 4 dollars, now trading @ low USD 102.



This post has been edited by AdamG1981: Sep 10 2008, 03:47 AM

Adam, u r not KL people ar? Where u from?
I'm so interested in FKLI but my current work doesn't allow me to trade FKLI. Need huge commitment to monitor it compare to stock trading.
Does ur "seminar" include US options trading?

I'm from the far east...

Unfortunately, US options will not be covered due to the fact that i think it's not advisable for locals to attempt to invest in options (too much risk especially in such volatile market) And the option strategies might be too complicated. Also, the timezone is different and might affect our decision making; and many of us cant afford to lose a day of sleep just to monitor.



When i advise my friends, usually i want them to make money the safest way possible. FKLI is not as volatile as the FOREX market, or the US options market. The maximum movement a day for FKLI (barring any big event) is 20-30 points.

I can tell you my experience on US options if you want, but i won't recommend it due to the reasons above.

This post has been edited by AdamG1981: Sep 10 2008, 08:42 AM

KLCI strats with more discount.....