our klci is the worst performance compare to regional market. Drop so much in the past few days but still no strong technical rebound despite of US sharp rally and mini budget. sigh

This post has been edited by alivecmh: Mar 11 2009, 10:20 AM

Ya.

Whoa.. HSI opens very strong.. almost +5%.

what i think is FF leaving ours and going into theirs, even though not that much cause i think most FF are already out.

If I'm foreign investor, I'll go to China, Hong Kong, S'pore and India stock market. M'sia market no fun at all.

But those who DID go to those country most likely got their pants burned last year, it's not always win win leh

Generally FF invest across the globe, diversification, they won't choose a particular country or only concentrate in one, just some may overweight and invest more, some underweight, little investment being made.

What I meant was investing now as their share market drop according to real market situation unlike M'sia. So, when the economy recovers, these countries stock market will shoot up more significantly.

IJM remains a sell, says AmResearch

The stock remains a "sell" at the research firm, which revised the target price to RM2.60

IJM Corp could be hurt by an accident at its building site in India last week, raising uncertainty on the project, AmResearch says.

The stock remains a "sell" at AmResearch, which revised the target price to RM2.60.

IJM Corp fell five per cent to close at RM3.04 yesterday, after losing 64.7 per cent this year. This compares with a 42.4 per cent fall in the benchmark Kuala Lumpur Composite Index this year.

IJM, which has substantial projects in India, last Friday said an accident occurred at one of its building projects in Bangalore. IJM was awarded the civil work contracts worth an equivalent of RM99 million in March 2006.
"Management revealed that the project is insured under the comprehensive 'Constractors All Risks Insurance Policy and Third Party Liability Policy'," AmResearch wrote in a note to client yesterday.

"Nevertheless, we believe sentiment on the stock could be further weighed down by lingering uncertainties surrounding the project's status and any subsequent delay in work flows," AmResearch said.

It maintained the construction firm's profit assumptions pending further updates from IJM.

An unexciting earnings outlook, weakening order flows and rising concerns over the tight balance sheet are likely to keep IJM's shares valuation compressed at fiscal 2010 and 2011 forward price-earnings ratio of between eight and nine times, AmResearch said.

Its earnings forecast for IJM in the next two years are 18 to 29 per cent lower than consensus estimates.

IJM's foreign shareholding level also remains relatively high at more than 20 per cent, the research said.

Malaysian shares with high foreign shareholding are more vulnerable in the current bearish market as overseas investors tend to sell emerging market assets to bring money home or switch to safer investments.

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

whoa i just came back from breakfast, everything is the same as this morning!

glad i didnt jump in for IOI.

market still very bearish

This post has been edited by lowyat888: Mar 11 2009, 11:54 AM

Region continue to fly

do you guys think that PBB is worth at rm 5.00?

wow, Maybulk at 2.93

Wow.. nice champ.. from 2.09 to 2.92... awesome climb within 3 months time...

Published: Wednesday March 11, 2009 MYT 11:54:00 AM
KLCI rebound likely not sustainable
By Fintan Ng


KUALA LUMPUR: The KLCI rebound in morning trade Wednesday may not be sustainable going forward as fundamentals are still weak despite the announcement of an RM60 billion stimulus package yesterday.

AmResearch Sdn Bhd said the stimulus package “is not likely to trigger a re-pricing of growth expectations anytime soon given elevated aversion to risk”.

It said the package would mitigate some concern over a deepening of an impending recession further out.

HwangDBS Vickers Research Sdn Bhd said the KLCI rebound “will probably be less forceful after falling less than its regional peers in recent weeks”.

It added that much would also depend on the reaction to the package, as investors digest the probable implications on individual industries such as construction, property and banking.

Meanwhile, the region’s main indices were in positive territory after a strong close on Wall Street yesterday after Citigroup Inc chief executive officer Vikram Pandit said the bank was “having its best quarter since the third quarter of 2007”.

At 11.15am, the KLCI was up 0.56% to 860.01 while Singapore’s Straits Times Index rose 1.76% to 1,511.94.

Tokyo Nikkei 225 advanced 4.01% to 7,338.16 and Hong Kong’s Hang Seng Index climbed 3.83% to 12,141.41.

Shanghai’s A share index was up 0.69% to 2,173.56 while Seoul’s Kospi Indx rose 2.81% to 1,122.86.

At Bursa Malaysia, 190 counters were up, 113 were down and 201 others were traded unchanged. There were 152.18 million shares traded with a total value of RM210.18 million.

Among active stocks, BCHB and UEM Land were unchanged at RM6.20 and 72.5 sen respectively. MRCB was up 1 sen to 84 sen while TM International rose 10 sen to RM2.65.

MISC was 20 sen higher at RM8.45 while its foreign tranche rose 10 sen to RM8.30. IJM was up 14 sen to RM3.76, Tanjong fell 20 sen to RM14.40 and United Plantation dropped 10 sen to RM10.70.

Crude palm oil 3-month futures was down RM1 per tonne to RM1,994. Nymex crude oil in electronic trade was 11 cents higher at US$45.82 per barrel.

Spot gold fell US$3.09 to US$895.06 per ounce.

The ringgit was quoted at 3.686.

Left the screen for a short while and noticed KLCI closed almost red for afternoon.

And Resorts back to 2.000.

KLSE lembik, FF rush to others market

notice KLSE always react lagging behind with region rebound, seen this situation many times ady

Small fishes oso found place to park their money jo --> gov bond with 5% pa

This post has been edited by Junior83: Mar 11 2009, 12:53 PM

Here's last week research paper on MMCCorp and IJM.

MMCCorp EGM for 2nd SAT valuation end of this month.

 MMC_Second_20Valuation_20for_20SATS_20_20090306_OSK.pdf ( 80.32k ) Number of downloads: 20


 IJM_20Corp_9MFY09_20Results_20Review_20090225_20OSK.pdf ( 41.04k ) Number of downloads: 20

I can bet it will be fully or overly subscribed. Somemore interest is payable every 3 month.

The size of the bond is small only 5 billion. So those want to have it, better quick to react when it is launched time.

Viper88 , thank you very much for the master piece of the latest informational report.
great summary done by osk ...