Easier for local boys to support the ( Index ) market.lol

This post has been edited by SKY 1809: Jan 21 2009, 05:20 PM

2 to 3 days. The price is quite close to the bottom.

I think they are preparing for after CNY push ( at the right time ).

CEO and EPF also buying.

This post has been edited by SKY 1809: Jan 21 2009, 05:29 PM

Obama is working on a plan to set up a National Bank to buy all toxic assets.

Malaysia cuts key interest rate to 2.5pc
Published: 2009/01/21

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MALAYSIA's central bank cut its benchmark interest rate for a second straight meeting as easing inflation allowed it to focus on sustaining economic growth amid the deepening global recession.

Bank Negara Malaysia lowered its overnight policy rate by three-quarters of a percentage point to 2.5 per cent, it said in a statement in Kuala Lumpur today. The size of the reduction was larger than all predictions in a Bloomberg News survey of 19 economists, where seven expected a quarter-point cut and the rest forecast the rate to be lowered by 50 basis points.

Malaysia’s 2009 growth will probably miss the government’s 3.5 per cent forecast, adding pressure on policy makers to boost spending and cut borrowing costs, the Malaysian Institute of Economic Research predicts. Finance Minister Datuk Seri Najib Tun Razak is planning a second stimulus package to add to a RM7 billion (US$2 billion) plan unveiled in November.

“The pace of deterioration in the global economy is creating the urgency to act more aggressively,” said Suhaimi Ilias, chief economist at Maybank Investment Bank Bhd in Kuala Lumpur. “The rate cut is aimed at ensuring impactful monetary easing together with the economic stimulus measures announced in November, with the likelihood of additional steps coming some time in this quarter.”
Demand for the Southeast Asian nation’s electronics and commodities has slumped, prompting Citigroup Inc to predict a recession this quarter. Falling orders at the Malaysian factories of companies such as Dell Inc and Intel Corp caused exports to decline the most in almost seven years in November.

Slowing Inflation

Inflation fell to a seven-month low of 4.4 per cent in December after the government cut gasoline prices seven times since late August.

Easing prices allowed Malaysia’s central bank, which avoided raising interest rates earlier last year when others were doing so to tame inflation, to join nations around the world in lowering borrowing costs in November. A quarter-point cut on November 24 was the first since 2003 and accompanied a reduction in the amount lenders need to set aside as reserves.

“International economic and financial conditions have deteriorated much more significantly in the recent period,” Bank Negara said today. “The sharper deterioration of the global economy is expected to have a greater impact on the Malaysian economy.”

Malaysia’s 2009 economic growth may slow to an eight-year low of 2.5 per cent should the government fail to effectively implement the November stimulus package, the Business Times reported January 16, citing Sulaiman Mahbob, director-general of the Economic Planning Unit.

Central banks from India to Taiwan have also lowered borrowing costs in recent months to spur growth as the US, Japan and the euro region slipped into recession. - Bloomberg

This post has been edited by SKY 1809: Jan 21 2009, 06:28 PM

The next cut would be the Power Tariff .. could be a big cut --good for the steel industries

This post has been edited by SKY 1809: Jan 21 2009, 09:11 PM

Congratulation to you.

The money for getting the house comes from Bursa

The VIP in Year 97/98 crisis could be back in town.
-----------------------------------------------------------
Daim: Spend money allocated under stimulus package quickly

BEIJING: Former finance minister Tun Daim Zainuddin has described the current global economic atmosphere as an emergency which required quick spending as a solution.

“If you do not spend, then there will not be results,” he said in an interview after a dinner hosted by the World Chinese Union at Taiwan Hotel here on Tuesday.

He is in the delegation led by MCA president Datuk Seri Ong Tee Keat on a visit to China.

He urged the Malaysian Govern­ment to act quickly and to ensure that the money allocated under its economic stimulus package be spent quickly.

Daim said fast action was needed to meet the economic challenges of the future.

“We must adjust very quickly and I am afraid we are not adjusting quickly enough,” he said.

On the economic situation for the first quarter of 2009, Daim said:

“It will be very slow and this will be for the whole year. It will take a bit of time for the economy to pick up.”

Daim, who has been coming to China since 1971, said he had seen tremendous changes in this country.

“I do not think any country in the world has changed so much as China,” he said.

On being part of the delegation, Daim said he wanted to know what was happening in China and how the country was weathering the current economic challenges.

It is understood that Daim had private discussions with the South-East Asia Division of the International Department of the Communist Party of China’s Central Committee director Zhang Xuyi and deputy director-general Ji Ping.

He was also part of the delegation which met China’s People’s Political Consultative Conference chairman Jia Qinglin.

This post has been edited by SKY 1809: Jan 22 2009, 09:35 AM

Palm Oil and Oil exports again could be the blessing of Malaysia.

China and India could be buying more this year than last year .

Still keeping a lot of Sapcres ?

Seemed like a lot of false Q by sellers

kINSTEEL W AT 40SEN, SAME AS MOTHER SHare

Mind to share, anyone

Who knows, could be big fish too.

kind of getting attention for post CNY rally.

You have Open House or something like that

Happy CNY to all. Wish the bull continues to charge after CNY.

Well, the Big Fishes are still in town.

Most likely, they would not push blue chips and stocks still selling by FF.

Just my feeling only.

Seeing is believing.

Judge your own, not liable for any of your losses.

This post has been edited by SKY 1809: Jan 23 2009, 01:56 PM

The strange thing that despite the gloomy outlooks, OIL is moving further and further North, though many like us still waiting for it to fall to US $20.

Likewise, our CPO oledi reaches bottom of rm 1,400/tonnes, while many still seeing below RM 1000/ ton.

of course, there would be economic booms and busts. The question is whether you choose to stay in the recessions for your whole life. Even there are many failures during the good economy and successes in bad time. Pubic Bank is one good example. I see many Old Town White Coffee Outlets in my areas still doing very good businesses, some operating 24 hours . It is all about the mindset.

In our life time, many opportunities could have knocked on our doors, but we do not see . and notice when it is over. How many investors took the advantage to invest in Year 97/98 Crisis ?

Talking about failure on day to day basis, you would soon become one. bcos your mind ( your CPU, ram and harddisks ) are fully stored with " HOW TO FAIL "

May the Force with each one of us ( STAR WARS ).



This post has been edited by SKY 1809: Jan 24 2009, 02:52 PM

I think they are boiling the oil for Kinstel, still not hot yet.

Just my 2sen , could be wrong anyway.

Plantation stocks shine.

I odeli have 50k Kinstel shares. RHB outweight.

Plse inform me when they are going to goreng.

Kinsteel (RM0.455). We are cutting FY12/08-09 net profit forecasts by 33.9% and 23.0% to reflect: (1)
Another potential inventory writedown, estimated at around RM90 in 4QFY12/08; and (2) Lower average selling price assumption for direct reduced iron (DRI) in FY12/09. Indicative fair value is raised by 46.9% from RM0.47 to RM0.69 based on revised 7x average FY12/09-10 fully-diluted EPS of 9.9sen. Upgrade from Underperform to Outperform.


This post has been edited by SKY 1809: Jan 30 2009, 04:59 PM

The big boss and EFP still buying.

Buy Low and sell high mah.

T/P : 69sen

Kinstel 's MD is buying 100k to 200k on alternate days.

EPF also bought 500k on 13/1/09.

Hopefully, the results should not be worse than expected.

NTA rm 1.08, PE FY 09 is 7 at 69sen.

This post has been edited by SKY 1809: Jan 30 2009, 05:33 PM