Finally move away with v14 liao.

Market can continue to slide down.

Crude oil price is plunging fast after Hurricane Gustav damaging is lesser than expected on oil field.

Yam Cha, no problem.
May be go to KL time, can. Slowly wait ah, hehe.

I am at north one, that PM cancel most of the mega project.

They said next year, which is under proposal.

I don't want to see another surprise holiday coming out again. This creates a lot of havoc and messy stuff on company business and factory production side.

It is much better all are planned ahead be it want or not want to be a holiday.

So many Kaki Lang.

The 30 points rise on Friday is a last few hours jack up one.

There is no specific good point from the budget itself towards stock market. Instead the 4.8% budget deficit will ring the alarm bell in the eye of economist especially foreigners.

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Added on September 2, 2008, 4:35 pmOil is plunging fast!
Now only 106.

But it will drag down KLCI though because of plantation stocks.

This post has been edited by cherroy: Sep 2 2008, 04:35 PM

Shell price up and able to give more dividend to me.

Btw, UOAreit is starting to catch my attention.

This post has been edited by cherroy: Sep 2 2008, 04:52 PM

Without seeing the share price, Axreit is always my prefer choice. (My opinion only)

As UOAreit is now 1.06, with annualised of DPU roughly 9-9.5 cents, it becomes 8.96% gross yield and with 10% witholding next year, it carries 8.06% net yield, a more than 2x of 1 year FD rate of 3.7%.

So if below 1.00, I most probably will pick some as its NAV is 1.39 with 8.5% net yield which is pretty attractive at least for my personal prefer asset allocation.

Don't say I don't warn first, it is an extreme boring stock (5x, 10x boring than Panamy or dividend stock out there). I am aiming for the 8.5% distribution/dividend out of it only for long term. It is 2x and more better than 3.7% we are getting on FD with some more little risk on it.

The downside of UOA compared to Axreit is that UOA is heavily or almost enitrely depended on office rental space as its main source of revenue.

I hold no responsibility if go to Holland.

This post has been edited by cherroy: Sep 2 2008, 09:04 PM

The main problem of KLSE is that there is limited choice to choose from the so called big blue chips company if one excludes those GLCs company. That's why KLCI is heavily depended on the several stocks movement because this bourse simply lack of really big cap company. We might have 1000 counter or more than 500 listed company, but take the top 10 big cap company already can overweight 300-400 company at the bottom cap one.

Oil and palm oil still make up a large chunck of economy of Malaysia.

Low oil price is good for everyone except oil producing country and company. Malaysia is a oil producing country so more and less will be affected by lower oil price.

But general public and company will welcome the lower oil price as it will lesser the burden of company as well as inflation problem.

Or they mean previous year

Airasia share is under a lot of pressure after its poor lastest Q result.

Yes, its debt has been ballooning.

So Airasia with increase in capacity need to find more customers to fill up aka to maintain its load factor which has been decreasing due to more aircraft purchased.
There is old news that they messy up with fuel hedging stragtegy previously by trading with it. Something like sell the futures contract (previously bought for hedging purposes) when oil price is high around 60-80, but who's know it continued to go higher, so they are not fully hedge their fuel cost at that time.
I remember its share price plunges after this news come out. I might be wrong, just remember bit by bit only.

FKLI is discounting 25 points! compared to cash market.

Futures people are aniticipating KLCI to crash in this month of September.

Because remisers are too boring sitting until 5 pm doing nothing lately. Better take those extra time to do part time job.

Yours one pick up very fast? Mine one, at my side hasn't heard the 'too' 'too' sound yet after dialing, the remiser already say "hello". .

This post has been edited by cherroy: Sep 4 2008, 09:15 PM

Pana,
The Atrium reit yield is wrong ler. It distributed about 8.4 cents annually. So gross yield is more than 10% as lastest closing price is 0.80.

Atrium reit consist of 4 properties (warehouse), currently one lease period has expired, and renew on monthly basic (based on lastest semi-annual report received last week). Company is still in progress to negotiate for the new lease.

For Reit, there is a good website to refer, courtesy of forumers contributed it.
http://mreit.blogspot.com/

This post has been edited by cherroy: Sep 5 2008, 11:13 AM

Currently there are massive deleveraging happens around the world as well as carry trade unwinding.
So prepare for rought ride for equities market and high yield AUD and NZD sink pretty fast. Time for me to accumulate a bit out of it.

USD and JPY have been the strongest currency in recent few weeks show sign of massive deleveraging is taking place.

T-bill got 1 month, 3months, 1 year, 10 years, 30 years.

10 years is the one most trade on and most people monitoring.

As long as your asset is not RM denominated asset than basically you have already hedge against weak RM, be it in USD, AUD, Yen, GBP or global UT, ETF, gold (which I still think it is a poor investmnet even though it is rising for the last few year), US T-bill, etc.

With current state of economy and gov budget deficit situation, RM won't be a strong currency for forseeable future.

You see, even currently AUD has been plunging severely, more than 15% against USD in a month time (which is disastrous in term of forex market) but AUD just come down to around 2.80 only. Still way above my last few years of purchased price or decade ago (before 1997 crisis) around 2.2-2.3 only.
When I saw AUD plunges severely against USD, instantly think, ya can buy cheap foreign currency again, who's know RM also sink together, just degree a bit lesser (may be due to RM still highly controlled, not a freely trade currency)

I had never seen RM behave as a strong currency except prior before 1997 crisis when it is traded at 2.50 USD.

But I won't say it will go to 4.00 USD or not, but 3.50 and above is easily reachable.

Above is my opinion only.

This post has been edited by cherroy: Sep 5 2008, 09:49 PM

Yes, you have the point. YTLpower almost half of the business is overseas, so weaker RM will make YTLpower profit higher from conversion gain. But you have to look at the bond issued is in what denominated as well. Not a straight forward answer.

The problem of shorting FKLI at the moment, is that you have to paid huge massive discount to the buyer as now FKLI is trading at about 30 points discount to the cash market.
Futures market is indeed very wary about the political turmoil at the moment.