where did u get the list of the shareholders from, viper?

Wow! How many shares of Zelan you have now?

That's why I picked up some Ramunia as trading buy.

so wirelessdude, managed to sell off your ramunia ?

2008/12/04

Valuecap will not be used to bail out politically connected individuals or GLCs, says Najib


KUALA LUMPUR, Thurs:

Deputy Prime Minister Datuk Seri Mohd Najib Tun Razak has given the assurance that the RM5 billion increase in allocation for Valuecap Sdn Bhd will not be used to bail out politically connected individuals or government-linked companies.

“I wish to give a categorical assurance that Valuecap will be used for value investing and will not be used to bail out anyone,” Najib, who is also Finance Minister, said at the 13th Malaysian Capital Market summit here.

He said Valuecap would be professionally and ethically managed with no political interference in its investment decisions.

Najib also said the creation of an Asia Monetary Fund could help the region deal with the current global financial crisis as it would help out countries with short term balance of payments and liquidity problems.

“I would just like to float the idea once again (and) let’s see the response from the other countries on it.”

Asked on the funding of the proposed monetary fund, he said the details would have to be worked out later, but it needs to be discussed in greater depth by leaders and Asian Finance Ministers.

Najib also proposed that the Securites Commission proactively look into how Malaysia can attract more portfolio investments from the Asian region, mainly China, India and Asean countries to invest into the Malaysian stock market.

“We can deepen our bilateral relationship with these countries by attracting more companies to list on Bursa Malaysia,” he said.

He said China, for instance, has enormous foreign exchange reserves which amount to larger that the combined reserves of all the Group of Seven (G-7) countries added together, which is over US$2 trillion.

“The Chinese government has encouraged Chinese companies to go abroad, hence there is potential in attracting more Chinese investments including Chinese portfolio investments into Malaysia,” he said.

Asked on the government’s growth projection of 3.5 percent for next year, Najib said that although there were lower forecasts made by others, “let us see of the development for the next one or two quarters.” “Right now it is 3.5 per cent, but it is not an embarrassment to review it,” he said.

He said that even Singapore reviewed its growth forecast four times. “Nobody really knows the problem out there or how deep the problem is, it is anybody’s guess.” He said there were no indications that Malaysia would slip into recession next year or even into a technical recession.

“But the government will monitor the situation very closely,” he said.

Asked whether the RM7 billion stimulus package was enough to achieve growth next year, Najib said” "Let us see developments because there are all kinds of views and forecasts.

“Let us not get excited about the forecast,” he said when commenting on statements made by the Malaysian Institute of Economic Research (MIER) that the government needed to spend more than RM7 billion to avoid slipping into recession.

MIER claimed that the RM7 billion stimulus package would only help to soften the blow of a global economic crisis as the magnitude of the impending crisis was too big to be contained by a stimulus package of this size. — BERNAMA

Suspended...

What about Yellow Color?

No trading

Nope, picked up. Keeping some in case MISC or other suitors decide to buy them up again.

I think the new BTS is still subject to manipulation.IOI is a case in point today,the counter was pushed up from RM3 to 3.16 just before 4.45pm and during the tcp determination(4.45pm to 4.50pm),there were still lots of buyer and seller at 3.16,but at trading at close phase(4.50 to 5 pm)there were not many trades at 3.16.

I think those unseen forces have learned the trick to influence the TCP already,the buying will come in just before 4.45pm.then there will be lots of buyer and seller at the pushed up price during 4.45 to 4.50 to influence the TCP,the moment the clock is abt to tick at 4.50,the bulk of the buyer at the pushed up price will withdraw leaving very few buyers to be matched at 4.50pm.Thus the tcp will be set at the price desired by them.

It's a gamble but might pay off handsomely.

However, I want to wait for MISC's reply before I think of getting this counter.... anyway, not much bullets to spread around...

DJ M ARKET TALK: AirAsia May Slip; Privatization Unlikely - Report

--------------------------------------------------------------------------------



0018 GMT [Dow Jones] AirAsia (5099.KU) shares may face mild selling pressure on The Edge Daily report major shareholder Tune Air may not be taking low cost carrier private; cites limited financing options. Adds, investors who were initially interested in venture decided not to proceed with it. Separately, AirAsia's CEO Tony Fernandes says bookings in December, January soared after company removed fuel surcharge, according to The Malaysian Reserve; no details were provided but he expects company to perform better following move to unwind hedging positions (primarily on fuel costs) in 3Q. "Sentiment is likely to be mixed towards AirAsia. On the one hand, some investors may be disappointed that the privatization plan is off the table. On the other hand, the improved bookings may trigger some buying interest. The stock may trade within a wide range of 92.5 sen to MYR1.0 based on this newsflow," says dealer. Shares ended down 2% at 96.5 sen.(VGB)


Contact us in Kuala Lumpur. 603 2692 5254;
MarketTalk@dowjones.com


(END) Dow Jones Newswires

December 04, 2008 19:18 ET (00:18 GMT)

Copyright © 2008 Dow Jones & Company, Inc.

This post has been edited by sharesa: Dec 5 2008, 08:39 AM

My remiser told me Ramunia company may be insolvent and there
is high risk of the stock to plunge further if it turns PN17.

I have only shares abit on Zelan, more on Resorts.

Cheers,
v_viper88

Gd Morning fellow Traders!

***
what a load of hot air coming from AirAsia trying to float investors hope of a privatisation, than pulling of a stunt sayin they r not goin to prvt... pssshh...

This post has been edited by aurora97: Dec 5 2008, 08:44 AM

Yes, but they have to come out some big lots and more expensive, not the last time, cheap cheap few lots also can do the trick.
People are quick to learn and always creative, things is dead and rigid, people mind is flexible and creative.
Just barely a week old, people already start to exploit the loophole of the new system.

It still can be manipulated by pulling out or cancelling the order at 4.49.59. Haha.

But it is still a good way to close, as whenever we Q for buy or sell, those unmatched Q, we won't afraid people to 'eat or throw' one lots, causing some expensive commission incurred.

You know sometimes we Q 100 lots of 1.00 stocks to buy, then suddenly at last minute, some stupid or 'kacau' or joker fellow throw 1 lot to you, then market close. Then need to pay Rm28 min commission out of the Rm100 purchase.


This post has been edited by cherroy: Dec 5 2008, 09:07 AM

typical of a seasoned futures trader tactic, but gradually might see an operasi by Bursa against this ppl key-in trade like that cause is considered market manipulation.

anyone can do it, even u and me... i can key-in 100 lots at xyz during pre-opening, but if u gte a show cause letter u better have a reallygd explanation for doing something like becoz the penalty itself will wet ur pants.

SIME below RM5 soon

it is possible. if so, the stock may down another 30% - 50% from now.

Another suggestion Cherroy...

The dividend tread shud be pinned...

On Maybe side...
the Plantation thread... it seems alot of interest especially in plantation (prolly over-hyped)
(treads by sector, Consumer Product, Trading/Services?)

Look at the number of hits alone

---

Added on December 5, 2008, 9:14 amThinking of swapping my 2 lots of Maybank shares for 2 lots of Sime shares...

i quite a dillema...

but my bets on sime... problem is other units maybe severely affected by the downturn add on by pressure from is plantation unit .. sigh drivin me nuts deciding.

This post has been edited by aurora97: Dec 5 2008, 09:14 AM

its just a matter whose got the most bullet. example: big party got 10,000 bullets, q at ridiculous price, but 1,000 small party got 100 bullet each, q at some other ridiculous price, its 10,000 bullets vs 1,000x100=100,000 bullets, guess the small party would win eh?

as always, bullet is king!

I don't think so, it is a free market, people can key in, modified and cancelled at their wish. You can't penalise people for cancelling the order even know you know it is meant for manipulation, as it is extremely hard to prove market manipulation by someone in actual fact, even know we all knew it.

May be put up some meausre like some admin fee charges whenever cancel order or similar move.