QUOTE(viper88 @ Nov 28 2008, 07:00 PM)
Dang.. been bz with work today n no time to follow up with Resort news. i just set queue buy at 2.28 but no match.
After came beck, chk my email got warning news about resorts from my remiser.
RED Alert!!!!!!
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From my view, by looking at the RSI chart, the price could be down some more and maybe could breach RM2.00. The right time to buy if the RSI break 30, but you also need to look at the market sentiment.
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0651 GMT [Dow Jones] STOCK CALL: Credit Suisse downgrades Resorts World (4715.KU) to Underperform from Outperform, cuts target price to MYR1.80 from MYR3.55. Notes Resorts plans to acquire 10% equity interest in US-based Walker Digital but "we fail to see the merits of its related party proposal and, hence, remain wary of how Resorts will invest its sizable cash pile." Adds management unable to provide assurance cash would not be spent on any more related party transactions. Although Resorts outperformed market by 18% in past 3 months, reckons corporate governance concerns could weigh down future performance. Warns foreign shareholdings relatively high, 37% as of end-September; "we think the stock could overshoot on the downside." Shares down 4.5% at MYR2.33. (PVA)
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Dun shoot now... very dangerous.... foreign shareholders 37% maybe dumping their shares.
Not sure whether this Credit Suisse trying to scares off normal shareholder to sell off their shares at a low price..
Be careful.
Cheers,
v_viper88
this piece of news made me pening . After came beck, chk my email got warning news about resorts from my remiser.
RED Alert!!!!!!
=====================
From my view, by looking at the RSI chart, the price could be down some more and maybe could breach RM2.00. The right time to buy if the RSI break 30, but you also need to look at the market sentiment.
=====================
0651 GMT [Dow Jones] STOCK CALL: Credit Suisse downgrades Resorts World (4715.KU) to Underperform from Outperform, cuts target price to MYR1.80 from MYR3.55. Notes Resorts plans to acquire 10% equity interest in US-based Walker Digital but "we fail to see the merits of its related party proposal and, hence, remain wary of how Resorts will invest its sizable cash pile." Adds management unable to provide assurance cash would not be spent on any more related party transactions. Although Resorts outperformed market by 18% in past 3 months, reckons corporate governance concerns could weigh down future performance. Warns foreign shareholdings relatively high, 37% as of end-September; "we think the stock could overshoot on the downside." Shares down 4.5% at MYR2.33. (PVA)
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Dun shoot now... very dangerous.... foreign shareholders 37% maybe dumping their shares.
Not sure whether this Credit Suisse trying to scares off normal shareholder to sell off their shares at a low price..
Be careful.
v_viper88
If there's any EGM or AGM coming, you guys should try to attend if your time permits you. The people's voice is usually great. Should voice out if we think something is not right.
But if you guys managed to sell-off with profit then its another matter.
Nov 28 2008, 07:40 PM

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