Patience.

I see..... why some people refer 1 lot to 1000 shares while others refer it to 100 shares....

Last time min purchase 1 lot - 1000 units. Now the new min is 100 unit per purchase or 1 lot.
New purchase system oso show 100 unit X no. of lot

For its easier to put no. units of share purchase to avoid confusion.

Cheers,
v_viper88

Yeah, it's confusing.... I just had a disagreement with my boss 2 days ago..... I said 1 lot is 100 shares and he said it was 1000 shares..... I told him it has changed but he was sure it didn't.....

Maybe he was thinking I was just a noob in stock trading.... (which I am!!! )...

This post has been edited by kmarc: Nov 22 2008, 12:00 AM

now sys already change to 1 lot = 100 unit
it just my preference to refer to 1 lot = 1000 unit

yeah... next time better put no. unit to avoid confusion...

300 x 100, so it's 30,000 shares each.

Thank you Mr Obama for a wonderful week. Special thanks goes to Paulson, Kashkari, Pandit.....you guys the best!!

Rally to 8000? Yup, i called it.

Dow Jone closed at: 8,046.42 +494.13 +6.54%

credit to AdamG1981 for the earlier of today trades on AUD/JPY @ 59.20

you made me happier with 70 pips

ps. i added another more longs at the bottom of AUD/JPY @ 58.95 at about 3.30am our time

let me know when u come down to KL, have to treat you big time

This post has been edited by bryanyeo87: Nov 22 2008, 06:04 AM

OT:
No problem, TGIF @ Curve or Chillies @ One U? Do you mind if i bring couple of hotties? LOL

lets go man, presidante magaritta on me

ps. i might go crazy and shotgun trade with too many drinks like today

OT:
Next week sure have to celebrate. I'll be down on Nov 26th; and will go out on the weekend. Club Quattro or MOS?

haha, my stock is rallying...funny...

Cheers man, have a good night.

Goodness.. celebrating already?

Yeah.. Obama chosen new Treasury guy.. good news on that part.

But.. watch out next week. fundalmentals and confidence are still weak.
Could be going for another dip.. this time.. maybe reaching below 7000.

yay! Monday can sell my Sapcres already!
Kinwawa, are you selling yours?

Congratulation to you.

Holding 1000 lots ?

Now checking, just wake up though.

Not much to shout about the financial result, EPS for Q for KLK is 25 cents, so at 8.00, with PER 8x, and with future earning going to drop, seems fair only, not very cheap though. The main attraction comes from dividend yield. So 1 year+ FD interest rate in the bag. if stock price at 8.00 after ex.

Short term (need to repay within 12 months) borrowing is about 850 millions, longer term borrowing 900 million,
cash also up to 1.1 billions, a lot of borrowing are in foreign currency like RMB, HKD, USD. (KLK has downstream operation in China, may be that's why a lot in RMB).
The company has proposed USD 300 millions bonds, which is seen to finance the repayment of the short term debt.
If no bonds, or extra borrowing being raised, cashflow will be reduced which means future dividend will be lesser, as earning expects to be drop at least 30% or more.

This kind of result won't boost stock price much, but dividend could attract some buyers.
Actually if compared both, BKawan is cheaper than KLK. FYI, BKawan is the substantial shareholder of KLK (more than 50% if not mistaken, so by holding Bkawan, indirectly you are having KLK as well. KLK profit is channelled as associated company profit in Bkawan finance book.

But Bkawan is not index linked and having low liquidity, funds managers won't touch this kind of stock, resulted low demand for this stock, while KLK is index linked and high in liquidity so there are a lot of funds managers including foreigners are in it.

So if one opt and wish to see more stock price appreciation, KLK should be the choice. But Bkawan is a cheaper alternative to access into KLK, but stock price wise, most of the time Bkawan underperforms compared to KLK.

KLK Dividend 45 cents less tax 25%, 10 cents tax exempted.
Bkawan is 9 cents less tax 25%, 40 cents single tier.

Got a question to ask the Forex players here.

What do you think of Australia currency now.. further downside or
upside against US dollars in the next 6-12 months.. say if global economy still weak & hasn't recover.

Currently, Australia interest rate is still high compared to US and Japan who have slashed theirs like crazy.

This post has been edited by danmooncake: Nov 22 2008, 09:48 AM

Oic, thanks.

News on Zealn from thestar.com.my.
As i expected, EPF and other main share holder supporting this counter.

Cheers,
v_viper88

Saturday November 22, 2008
Shares in Zelan heavily sold down
By YEOW POOI LING


PETALING JAYA: Zelan Bhd shares were heavily sold down after its chief executive officer Chang Si Fock @ Chang See Fock disposed of most of his shares in the past few days.

Yesterday, the stock fell 8% to 80 sen at the close. Chang’s 30%-owned Noble Gem Sdn Bhd has disposed of 30 million shares since Nov 11, reducing its stake in Zelan to 0.33% from 5.72% previously.

The Employees Provident Fund, however, raised its stake to almost 8% from 7.3% before. MMC Corp Bhd is the major shareholder with over 39%. Zelan is involved in the construction sector with a niche in power plants.

On Wednesday, Zelan told Bursa Malaysia that its board had allowed the contract of Chang, the company’s founding member, to lapse on Jan 31, 2009. Last week, Zelan chairman Tan Sri Abdul Halim Ali resigned from his post.

It is learnt that the Zelan board has renewed the contract of chief operating officer Khoo Boo Seong. He will be heading the management team temporarily upon Chang’s retirement.

An analyst at a local brokerage said based on previous ch anges in businesses owned by tycoon Tan Sri Syed Mokhtar Al-Bukhary, it was likely that one of his associates would be appointed for Chang’s job.

“Although it is possible that Zelan’s board may appoint an existing member of the senior management, it does seem like Syed Mokhtar prefers to have his key people to lead the team,” he said.

Sometime penny stock doesn't means fragile business, you have to check the fundamental of the company before making your decision. Any company can go insolvent, but those with high short term liabilities and little cash especially dangerous. Just me 2 cents.