regarding the privatisation, what if the majority shareholder (51%) say yes but the minority shareholder say no then no choice have to privatise.

eg resorts. majority shareholder 51% shares is genting group itself. privatise at rm2 * 6 billion shares = 12 billion more than half goes to genting and after privatise, the NTA (asset) all goes to genting right. alot of benefit though selling their assets after privatise.

for those who bought at higher price is not a good news for them when really privatise at Rm2 or below. Anything can happened though.

Buying shares cannot look at NTA (when the company dissolves their Assets is difficult to dispose and take a very long time(talking about years) bcos price and no buyer at difficult times)

Par value is also important for the company bcos if anything goes wrong thats the value to give back RM1,10cents, 50 cents par.

This post has been edited by lowyat888: Mar 8 2009, 06:54 PM

thanks for the explanation cherroy. at least to learn something now

Wall St may be in for another sell-off

http://biz.thestar.com.my/news/story.asp?f...86&sec=business

Mixed views on further interest rate cuts

http://biz.thestar.com.my/news/story.asp?f...16&sec=business

it takes along time to fully implement the stimulus budget. no use one

if tradein rm5000 for oldcar and jackup the new car/accessories price is just as back to nothing, just formality. just masuk their own pocket left to right.

pitch a bit here and there from the stimulus package to their own pocket. brother and sister.

always be aware anything can change for stimulus plan along the phase. delay/change etc. distribution of the $$ should take along time.

just wondering does it have so much $$ to stimulate or just say for formality and later changed due to alot of hidden things

bcos along the way people tend forget what the stimulate packages it is. forgotten the stimulus plan where the $$ will be used for and the distribution of the $$.

This post has been edited by lowyat888: Mar 10 2009, 08:07 PM

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

market still very bearish

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

its a trap and tempt investor to go in. becareful

AmInvestment eyes planters, avoids construction stocks

AMINVESTMENT Management has begun accumulating shares of well-managed Malaysian plantation companies for their more defensive qualities, but is avoiding construction shares as it expects the industry to remain depressed in the current economic downturn.

"We are looking at sectors that will provide downside protection and give us some dividends. We are looking at certain plantation stocks but not all," the company's chief investment officer of equities, Andrew Wong, said yesterday.

The fund, a unit of AmInvestment Bank, manages US$4.3 billion (US$1 = RM3.69).

In an interview with Reuters, Wong declined to discuss individual stocks, but said his portfolio is avoiding construction stocks given more pain likely in the sector.
"And I won't take risk on cyclicals yet. It's just too early (in the economic downturn)," he said.

After a battering last year, shares of planters such as Sime Darby, the world's largest grower of palm oil, and IOI Corp, another key player, have risen 6 per cent year-to-date, helped by a rebound in global crude oil prices.

Malaysia's broader market fell 2 per cent in the same period.

"We might start looking at banks again because their share prices have really dropped but not all banks because non- performing loans have not shown up yet," said Wong.

Shares in Maybank, Malaysia's largest lender, have lost 13 per cent so far this year.

AmInvestment Management invests in Asia excluding Japan.

Wong said Malaysian equities are hampered by their higher valuations vis-a-vis regional peers, and by the political bickerings in the country and the government's long-running budget deficits.

Malaysia on Tuesday unveiled new spending worth about US$16 billion over two years in an attempt to save jobs in the export-dependent Asian economy that is teetering on the edge of recession.

"I would look at Hong Kong and China first. Purely on PE values, Malaysia is not that cheap. Thailand, Singapore, Indonesia, India and Australia are all cheaper," Wong said, adding that Malaysia was trading at 12 times 2009 earnings, a big premium to other markets in the region. - Reuters

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