maybe , either one of these reasons causing them to drop the deal:
1) property mart already soften, value deccelerate faster than expected? (800 million as agreed for Menara Citibank)
2) difficult to obtain loan financing as banks turn cautious
3) IOI CEOs concern cannot finance debt with falling palm oil prices, falling revenue.

all I can guess of.

This post has been edited by sharesa: Nov 27 2008, 10:00 PM

thanks for the articles, from 2.44 onward up, up and away....

you can say that again

what a gory description

this piece of news made me pening .
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.

[quote=kmarc,Nov 28 2008, 06:22 PM]Wah! You really have lots of bullets.... for this month, my ammo already half gone...

Looking at resort's trend, I think Genting will follow suit - drop another 1-2 days then stabilize at a new price......
Noob question - How to check how much dividend a company was giving previously? 

If Resorts giving peanuts dividend, then I want to sell when the price goes up! 

[/quot

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Added on November 28, 2008, 7:51 pm[quote=cherroy,Nov 28 2008, 03:56 PM]
Resort is cash rich while casino and hotelier business in Genting Highland are still profitable, just may suffer some minor drop in the near future due to economy slowdown. It is still a highly profitable business.

But for Genting, it is different scenario, UK casinos are bleeding businesses until now, Singapore casino profitable issue still unknown, while need massive capital injection for the construction of it and Genting needs to raise significant amount of borrowing for it.
But in distance future, if Singapore casino indeed a very profitable business, then Genting might be better than resort.
Genting is considered a growth and high risk stock currently compared to Resort.

But Resorts has its own issue as well, cash rich but doesn't want to reward their shareholders, if the company keep on holding the cash forever, while give peanut dividend to shareholders, then those cash rich is meaningless to shareholders as well.
At the mean time,recent acquistion doesn't well received by the shareholders and market.

[/quote]

That LKThay tak guna and kiam-siap,
he should pass the baton to someone else!

This post has been edited by sharesa: Nov 28 2008, 07:51 PM

yeah....but today and yesterday's drop enough to put me in fears and tears.....

what an enlightening moment......

Thanks Viper for the info

Yes, recently bought @ 2.54, the rest average price @ 3.01

same here....at least have some peanuts. After sell Zelan, next day shoot up before closing, what luck.

Tsarena, I'm too experiencing these. I reckon at this period, market is bearish and uncertain, so our guts get shaken, then we try to sell-off fast with some gains as we feel that it will drop again.
But, if market is bullish, I think most people will hold a bit more longer for more gains.
Could be the reason why many of us are experiencing this these days.
About when to revise the plan according to situation,for my case is when I " feel" market is gonna be bullish for next few days but that is also not guaranteed.

Not only am addicted to weekdays with KLSE, am addicted to LYN too.
Weekends or Public holidays turned a no-no since I began online trading 2003.(during remisier times back in 1990s, never felt that way) I think many of us are feeling this way

with such a massive 6.3b debt, I wonder what is the effect towards the emotion of the major shareholders like Tony Fernandez?
As a public limited company, if company goes down, their shares as well as personal assets have to go and repay that debt isn't it? Big pressure...

nope, just curious about them...

malaysian market very demoralizing, will be back @ 700 or 900

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

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

Karambunai says Sabah mart still hot
By Sharen KaurPublished: 2008/11/24

Property developer and resorts operator Karambunai Corp Bhd (KCB) will launch three new projects next year worth RM1.1 billion collectively in Kota Kinabalu, Sabah.

The Sabah firm is unfazed by the global financial crisis, expecting the property market in the state to remain buoyant, chief executive officer Datuk Robin Loh Hoon Loi said.

"We are fortunate the property market is still hot and active in the state, which is busy with palm oil, petroleum and tourism activities. Because of this, there is demand for new products," Loh said.

Loh told Business Times in an interview recently that foreigners are still looking for exotic products under the Malaysia My Second Home programme and for investment purposes.

KCB has over 766ha of prime land in Kota Kinabalu with two active big developments - Nexus Karambunai in the Karambunai peninsula and Bandar Sierra township - where the new launches are scheduled to take place.

In the Karambunai peninsula, KCB will launch Amabilis, a RM400 million upscale project in Nexus Residence Karambunai, featuring 100 luxury villas; and a 26.5ha Korean Village Resort, comprising villas and condominiums with recreational facilities worth over RM400 million.

Amabilis is expected to be launched in the first quarter of 2009, in conjunction with the opening of Dillenia, a new hotel under the Nexus resort brand, encompassing 80 units of semi-detached villas and 163 units of low-rise condominiums, some of which have been sold to investors under a leaseback option.

KCB has leased back some 90 per cent of the units to complement its existing five-star, 500-room Nexus Resort Karambunai, operating since 1997.

The launch of the Korean Village Resort, which is a 30:70 joint venture between KCB and Landlovers Korea Co Ltd, is still being finalised.

In Bandar Sierra, it will launch by mid-2009 200 units of terrace and semi-detached houses and cluster homes; 416 units of walk-up apartments; and 80 units of three- and four-storey shoplots worth RM180 million, utilising 16ha.

Loh is confident that sales will be vibrant, boosted by the location and demand.

While Nexus Karambunai is world renowned, Bandar Sierra, which is about 15 minutes' drive from the city centre, has become a landmark project for Kota Kinabalu with natural demand as government offices are relocating close by, he said.