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 Stock market V20, Bull mali mali..

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chyaw
post Feb 10 2009, 12:50 PM

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4103 PMIND PAN MALAYSIAN INDUSTRIES BHD
PMIND-Regularisation of PN17 Company

LISTING'S CIRCULAR NO. L/Q : 52523
OF 2009
The Company has regularised its financial condition and no longer triggers any
of the criteria under Paragraph 2.1 of Practice Note No. 17/2005.
Head,Issuers Inv & Surv


06/02/2009 05:49 PM

QUOTE(David83 @ Feb 10 2009, 12:42 PM)
Any idea why PMIND is being "cooked"?
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chyaw
post Feb 11 2009, 10:32 AM

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this morning volume quite low. Want to shopping also can't really get anything...
chyaw
post Feb 12 2009, 12:35 PM

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I've finished up my this month shopping quota. Unless I can sell away my unwanted shares, I'll be hibernating for 2 weeks!!!
chyaw
post Feb 12 2009, 12:51 PM

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ANNJOO
AXREIT
CBIP
GENTING
GENTING-CN
GTRONIC
KAF
KINSTEL
KNM
LCL
LITRAK
NAIM
PETRA
PTB
QL
REDTONE
RESORTS
RESORTS-CH
SCICOM
UNISEM
ZELAN


QUOTE(panasonic88 @ Feb 12 2009, 12:43 PM)
do share what has been contained in your big basket? biggrin.gif
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chyaw
post Feb 12 2009, 01:06 PM

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I don't use basket, I use van. icon_rolleyes.gif

QUOTE(aurora97 @ Feb 12 2009, 12:55 PM)
Thats quite a big basket u have!
QL (?), Axreit (something i would want to have in my basket too)
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chyaw
post Feb 12 2009, 01:21 PM

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I got my system to monitor. So, basically is hassle free. rclxms.gif

QUOTE(panasonic88 @ Feb 12 2009, 01:08 PM)
wow 21 items! so diversify ka!

would it be hard to monitor? or you hired investment planner to watch your stocks for you laugh.gif
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chyaw
post Feb 12 2009, 01:39 PM

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My system not so simple lar! Can trigger sell and buy! And also portfolio management, scenario analysis, etc


QUOTE(Junior83 @ Feb 12 2009, 01:23 PM)
Ya, simple system indicate 2 colors only, green and red  biggrin.gif
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chyaw
post Feb 12 2009, 05:41 PM

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I think tomorrow LCL will fly. Below is the announcement.

7177 LCL LCL CORPORATION BHD
DESIGN, SUPPLY & INSTALLATION FIT-OUT WORKS (TIARA UNITED TOWER) IN DUBAI

DESIGN, SUPPLY & INSTALLATION FIT-OUT WORKS (TIARA UNITED TOWER) IN DUBAI ("THE
PROJECT")
Reference is made to the earlier announcement dated 9 January 2008 (Ref:
LC-080108-6011)whereby LCL Corporation Berhad ("LCL") via its Dubai based
company, LCL Interiors Contracting LLC ("LCLIC"),was awarded the contract of
design, supply and installation of interior Fit-out works for Tiara United
Tower, Dubai ("the Project") at a total contractual sum of AED156,000,000. LCLC
had received an advance payment of 25% amounted to AED39,000,000 and subsequent
payments were based on the monthly progress claims based on the certification
of work done.
LCLIC has on 7 February 2009 and subsequently on 10 February 2009, received
notification and further clarification from the Main Contractor, Arabtec
Construction (LLC) ("Arabtec") that the employer, Zabeel Investments ( the
owner of the Project) has decided to change the function, purpose and character
of the Project. This has resulted in change of work scope by Arabtec, thus
resulting in the omission of the complete interior-fit out works for the
Project undertaken by LCLIC.
In consequence of the above changes, LCLIC has been notified by Arabtec to
submit its final payment claim for costs, expenses and all other incidental
entitlements in respect of the Project. Taking into consideration the potential
final payment settlement from Arabtec, the above changes shall have no material
financial impact to the Group's earnings.
This announcement is dated 12 February 2009.


chyaw
post Feb 13 2009, 07:41 AM

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I think the current price of LCL already factored in these kind of contract cancellation. So, if LCL can claim back whatever that they done, it should be a good news.
Well, let's see what happen to LCL today!

QUOTE(Vv.SoViEt.vV @ Feb 12 2009, 11:08 PM)
Bad bad news.
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chyaw
post Feb 13 2009, 09:15 AM

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LCL price shoot up to 0.505!!!
chyaw
post Feb 13 2009, 09:36 AM

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Based on my analysis, the fair value is 0.6! My system starts triggering me when the price hit this figure. Of course, I won't be selling it at 0.6 (even my profit margin is 20% @ 0.60). My selling price same 0.80 (if the price is met by end of next week).

QUOTE(sampoo @ Feb 13 2009, 09:21 AM)
i personal think the fair price should be 0.8 - 1, let the market to justify.

Happy valentine
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chyaw
post Feb 13 2009, 09:45 AM

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That's why my yesterday evening post I said LCL will fly.
BTW, what happen to Genting??? Wanted to buy, but finished my this month quota already...

QUOTE(mo_meng @ Feb 13 2009, 09:43 AM)
regarding LCL why u all think it is bad news i thought the price now already adjusted for the project cancellation last time .. now if they can get back it is sure a GOOD things for them

anyway the price hovering @.5 now .. haha i got it when it is 0.475 only peanut now dun wanna sell
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chyaw
post Feb 13 2009, 10:02 AM

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LCL 0.52 already. But i think it is over heated somehow...
chyaw
post Feb 13 2009, 10:09 AM

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I'm using maybank2u. No problem to login
QUOTE(cason80 @ Feb 13 2009, 10:04 AM)
anyone having problem to login maybank2u online stock ?

i'm getting some runtime error ....
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chyaw
post Feb 13 2009, 10:25 AM

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Started playing with warrant?

QUOTE(Neo18 @ Feb 13 2009, 10:13 AM)
now i'm queing for RESORT -CJ @ 0.11!!!
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chyaw
post Feb 13 2009, 10:31 AM

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I thought you're targeting YTLPower WB??

QUOTE(Neo18 @ Feb 13 2009, 10:29 AM)
only 100 lot la.. dip my head into water..hahaha
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chyaw
post Feb 13 2009, 10:55 AM

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Target price RM1.55??? Your broker is extremely bullish about LCL...

QUOTE(SKY 1809 @ Feb 13 2009, 10:48 AM)
NEWS FROM MY BROKERS , just in case you are interested.

For reference only. Not asking you to buy.

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

LCL Corporation – RM154m Tiara Tower contract cancelled (Company Update)



Price: RM0.465

Target Price: RM1.55

Recommendation: BUY



l Zabeel Investments, owner of Tiara United Tower cancel plans for hotel. Given the current market scenario in Dubai, Zabeel has decided to alter the use of Tiara United Tower to an Office from the proposed hotel.



l As such, they have terminated the AED156m (RM154m) interior fit-out contract with LCL. LCL has received AED39m or 25% advance payment for the job and has received subsequent payments based on monthly progress claims.



l Full payment for all contract sums spent to date. Arabtec the main contractor has re quested LCL to submit the final payment claim for all cost spent to date.



l Possible upside if the building materials acquired is used for another job. We have checked that LCL has not commenced significant fabrication work and has just bought the building materials for the job. As such, if the building material is reused for other jobs, the profit margins for the new jobs will be substantially higher.



l LCL is not expected to make losses from this project. With full compensation, LCL is not expected to suffer any losses but the recognition of revenue and profit will be lower than the earlier forecast of RM1 47m.



l We are lowering FY09E net profit forecast by 13.4% to RM44.2m from RM51.1m assuming the partial loss of the contract which was scheduled to be completed in July 2009.



l We estimate that the earlier orderbook of RM954.2m is now reduced to RM807.2m with RM536m remaining unbilled. LCL is still bidding aggressively for jobs in the Middle East and its reach into Abu Dhabi and Bahrain should provide better opportunities and hedge against a slowdown in Dubai. As most the major main contractors in Dubai are adopting the same strategies, LCL would have a shorter start-up time in these new countries given the familiar main contractors that they will be dealing with.



l Maintain BUY with a lowered target price RM1.55 using the regional IFO companies’ FY09 PER of 5x and FY09E EPS of 30.9sen. LCL trades attractively at 1.7x and 1.5 x FY0 8E and FY09E PER respectively.
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chyaw
post Feb 13 2009, 11:18 AM

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Care to explain why someone want to block the price from going up???

QUOTE(panasonic88 @ Feb 13 2009, 11:11 AM)
gulp... i believe so. must be something big, blocking the price from going up.  unsure.gif
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chyaw
post Feb 13 2009, 05:01 PM

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Anyone got any good deal today?

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