This might be the reason why MRCB is hot recently plus some political front.
http://biz.thestar.com.my/news/story.asp?f...54&sec=business
A RM250 millions drainage project.
So whether buy on rumour, sell on news is true again, a few days time will tell.

CPO fundamental still weak, stockpiles still high and increasing. The stock pile issue I had posted during the CPO booming time as well. As long as stockpile is high, fundamentally it is weak for the price, you can't solely rely on goreng and others commodities surge to withstand and move against the basic fundamental of supply and demand, it is not sustainable.
http://www.sinchew-i.com/node/55344?tid=27

A regislation of a must on bio-diesel would definitely help the demand side of CPO, let see whether gov is actually looking serious on it or imposing the regislation.

This post has been edited by cherroy: Nov 10 2008, 09:29 PM

your AIG is giving you a whooping 20%++ of profit right now, ya?

This post has been edited by panasonic88: Nov 10 2008, 09:41 PM

1500 shares x 2.14 (bought)

Now 3.01.....

I think more than 50%

wow...damn shiok....

Long term US $50.00

eh...? Sure- kah? Baru bankrupt and got injected with money to be repaid back later-leh....

US Govt assumes all AIG liabilities under credit swaps ???

This post has been edited by SKY 1809: Nov 10 2008, 10:11 PM

aww this is insane. last checked (which was, 30 min ago huh) was 2.60, now all the way up to 3.00

AIG will never get above $25 long.. very long.

Better sell AIG when it gets above $3.50 for short now.

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Added on November 10, 2008, 10:46 pmIt is back down to 2.50.. still up 18%.. good for intra-day trade.

This post has been edited by danmooncake: Nov 10 2008, 10:46 PM

Well cant deny that fundamentally CPO is pretty weak, with china (weak sentiment) n india (just recently i believed some duty on Palm Oil). There's a glut in the system and major players in the market are squeezing the small estate holders out of the equation but refusing to process their FFB bunch or hoarding stockpiles with the hope of inflating the CPO prices. Furthermore, biodiesel efforts have been crashed becoz of CPO price and its viability.

Probably my guess is palm oil will provide a consistent but most likely perform below average in its recovery effort compared to other commodities. In terms of return is pretty small.

The one thing that Palm Oil companies compare to other companies is, they have alot of assets and when times r good they tend to hoard their cash as well. Most dividend payment are either small compared to their profit or non-existent although they made a windfall.

namely companies like KLK, whom unlike Hap Seng, Asiatic/Genting, Sime have diversed into other areas. KLK is known to be conservative and very specialised in the palm oil industry. Expecting alot of share buy backs this time around.

Shares buyback? Don't expect that.. they don't have a lot of cash.

Just my 2 cents...

but I am guessing that most plantations have very deep pockets just that they r stingy.

some use share buyback, some use ESOS scheme... i dont know but i feel personally anyway ESOS scheme is more or less use as a cover similar to share buyback.

KLK and Batu Kwn, everyone knows they r related... this jokers just accumulate shares thats all they do. They try their best not to let go or lose control of the company, not to mention buying their shares back dirt cheap when everyone is dumpin those shares.

This post has been edited by aurora97: Nov 10 2008, 11:19 PM

You never know in the long run.

Warrent Buffet may take over AIG . Now he is one of the top advisers to Obama.

This post has been edited by SKY 1809: Nov 10 2008, 11:23 PM

I run away from AIG, i was busy didnt manage to sell at 2.80..sigh, sold at 2.65 instead.

Thank you AIG, thank you, and GO manchester United! LOL

i am looking at knm might rally tomorrow a little more.
what you guys think?

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Added on November 11, 2008, 12:25 amis 12th nov the consumer spending result out?

This post has been edited by creap: Nov 11 2008, 12:25 AM

dont know whether ur talkin abt this or not...

This is an Economic Calender might be helpful.
http://biz.yahoo.com/c/ec/200846.html

~ rough day ahead for trading tomorrow.
What type of strategy u gonna deploy most likely determine by tonights reactions for the US market.

Commodities turning red so is crude oil.. ouch...

Take your profits!

Damn! AIG bull run was short..bears are back now.
AIG back down to $2.30... still up about 10% from last close.

Yeah.. no choice take your money and run now.

It is going to be another red day at Wall Street..

I've unloaded all my short positions yawnn.. time to go to bed now.



This post has been edited by danmooncake: Nov 11 2008, 02:12 AM

Surprisingly DJIA ended in RED: 8,870.54 -73.27 -0.82%

Mart to go down today.. ??? After splendid performance in the past few days...