Yup.. resort drop quite abit this morning.. but Resort special weapon not out yet.. its war chest RM 4.3B.

Here's latest CIMB research on Resort outperform TP RM3.55
[attachmentid=691435]

Dang.. just now i wanted to grab summore at 2.29 but it shoot up 2.35.

Cheers,
v_viper88

Maybe some investor panic after see Genting fall, and they oso worried about Resort commitment in buying 3 US companies ( Lim kok Teh is the director of the companies).

I queued at 2.28, will see how market react later in the evening. Maybe will grab at higher price than 2.28.. Man.. resort is RM2+ shares..
expensive leh.. my bullet run out fast.

I made little profit on lionind this morning... buy 30K unit n fast fast sell off.. 

Here's LionInd report today from Dow Jones.


November 27, 2008 22:31 ET (03:31 GMT)
Copyright © 2008 Dow Jones & Company, Inc.

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.

Sime Darby Q1 net profit up 44% to RM867m

KUALA LUMPUR: Sime Darby Bhd posted net profit of RM867mil, up 44% from RM601.27mil a year ago, boosted by plantations.

URL: http://biz.thestar.com.my/news/story.asp?f...58&sec=business

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!!!!!!

=====================
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)
======================

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

26-Sep-08    Interim 3¢
26-Jun-08     Final 3.6¢
26-Sep-07    Interim 2.88¢
25-Jun-07     Final 3¢

Before 1:5 split 
29-Sep-06    Interim 12¢
29-Jun-06     Final 14¢
30-Sep-05    Interim 10¢
04-Jul-05      Final 11¢
30-Sep-04    Interim 9¢

So dividend yield still lower than FD rate.   
By so called holding a cash rich company share. 
Company not actually kiam-siap, he is actually one of the highest paid CEO.

I chk with my remiser just now, he told me the oversea company Resort want to acquire have direct interest with their director, one of th the company is only about 2 year in operation. This
creates doubt n fear of mismanagement of the company $$$$$. Alot shareholders especially foreign shareholder sell off their share after this news out. REsort share will still volatile in the coming weeks and its next strong support level about rm2.

My remiser doubt Resort will go down too much due to its big cash. Its only a matter of time Resort will go up back.

Cheers,
v_viper88

yeah... agreed 
Lately, me too depending on my instinct ... but as you said not guaranteed... sometime there is also false instinct... 

DJ rally for 5th day...
closed at +102.43 pts  8829.04

That's the problem with trading - it becomes addictive. Almost everyone will become emotional and will lose in the end ...like going to the casinos. If you make more, you'll become more confident and trade even more each time. And if you lose, you'll also trade more to try to "make back" because your ego has been hurt.

Back in 2000, I turned $30,000 to almost $100,000 and then lost it all back ...including the initial $30,000. Sepandai-pandai tupai melompat, akhirnya jatuh juga ke tanah. Of course the good thing is I've learnt my lesson and I'm a better investor today.

I also feeel like that .... 

Me too....I pray Monday comes early since I am in stock market. Last time I could hardly wake up in the morning despites snoozing few times of my alarm, now no second delay when alarming. Then straight go to on PC to watch DJ movement. Sometimes I even woke up before my alarm time.

is a good idea, but is very hard to maintain..
dun u think so?

Better stick with those existing individual thread, as there are details information posted by forumers already.

Create another will result in cross-linked discussion, which by then dividend stock thread become like public bank thread on one day, and another day become BAT thread. Just like this thread, last 2 days, it more like Resort thread already.

Some more, one may not agree abc stock is long term stock as well etc.

This thread serves quite good for general discussion already until now. Always welcomed any idea.

Cheers.

Because the term and classification of it can be subjective, so kind of troublesome and might not agreed by others.

LYN forumers are famous for spam,   no offence, even the pinned useful link/website and must website thread which being created for sharing and reference, also being spammed. 

Cheers, appreciated for the suggestion.

I notice that Bursa does put up some good stocks for special offers almost every week.

But next week, AA might not be good. Judge your own.

The sad thing is most forumers are happy with only 2sen profit in the short term.
. Again,  I personally would disagree a 2sen profit expected from Resort World like the other forumers.

But I still respect their decisions, after all.

will airasia become the next hot stock in this thread

nope, just curious about them...

AIRASIA never distribute dividend, not in their past record.

Sorry to gatecrash but i really wonder what do you guys think of DJIA's performance for the short term. Best rally since the depression, hence there's not enough data to 'predict' what happens next. The article on CNBC.com (iirc) suggested that while 4-5 days rallies are mostly good sign, rallies of 1x% magnitute however don't always guarantee a good follow through...

buy AA for technical rebound?

This is what i am waiting for on these plantation counter.  by the time you might  see asiatic, ioi below 2.00... and that is the time to accumulate them 

One funny thing about the forumers is they expect only  their shares like YTL Power to go up, but other stocks to drop like stones.

Correct me if I am wrong.

A better way to invest in Plantation Stocks is to follow the old uncle way of investing. Just buy at your price and becomes forgetful of what you bought for the next 3 to 5 years.

Do not need  to check the weather reports ( flooding, half the Indo  sinks  and so on ) on daily basis.

Perhaps they fire the CEO this time, so you could buy at below RM 2.00

If you know how to hunt, meal is here.

BRDB
ENGTEX
INSBIO
KHSB
MMCCORP
OLYMPIA
PMCAP
PMHLDG
RANHILL

Better than just wait for dividend once or twice a year.
Trader's rewards come every few days.

Hunt at the RIGHT time, otherwise, meat oso no