Resorts down... maybe can stock up a bit more.

LYN also quite

Hmm.. Resorts.

Other than the 4th Qtr loss (due to impairment) and a recent ESOS (small quantity), there is no other bad news.

I wonder what's causing the downward trend for days already. Am I missing something?

In this kind of market and poor economy situation, selling can from various reason:

1. Margin selling - those can't top up the margin call, need to sell
2. UT redeemption - fund managers need to sell to raise cash for their client, no matter how they view the stock
3. FF outflow - they will sell disregard the situation because need cash back to their parent company.
4. Prospect of the company deteoriate due to severe economy situation
5. Impairment loss potentially to happen again.
6. Others stock in overseas are much more cheaper, fund switching. This is true, especially some other big name cap and well known company is much cheaper than stock here like GE, Intel, Google, Exxon etc while their dividend is much more better as well.

Just my 2 cents.

Thanks for the insight b'coz I noticed the sell volume is huge.

its extremly huge but buyers q is catching up

Including me..

about the stimulus plan for Malaysia, i predicted that later they will be short of cash in the people hand!!! in this case when short of cash they might dump their share for cash.

this i felt that for stock there is still a gap to fall.

as currently government and corporate are issuing bond that take more cash from people so is most likely cash in out Malaysia economic will be lesser

I feel no good when seeing those high order of buy 270 order with 20K of buy Q. It just signals lot of retailers are into it, which is not a very good sign most of the time.
While large players are keen on the sell side.

What we want is high Q of buy with low order number.

Resorts.. no strong support below 1.850.

so if passed 1.85 than 1.78/1.77 will we waiting

so many guys broke the rule - never catch a falling knife..




This post has been edited by Ranny: Mar 16 2009, 12:06 PM

hi guys...Tenaga is blackout..below 6.00...will it just fall again

Whoa.. KNM is considering privatisation.

This post has been edited by Freelancer: Mar 16 2009, 12:14 PM

confirm or not?

keep your bullets....for now...it not time yet.

May I know where did u got the news..what will happen to the stock price

i only know that KNM has been buying back their own shares

EPF also keep acquiring KNM as well

Just read it here

The news is blocked...not able to open it....

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Manage to see it ady

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KNM MD may consider leading buyout

KNM Group Bhd managing director Lee Swee Eng said he will consider leading a management buyout of the Malaysian oil and gas services provider as long as banks can raise the funds.

Investment bankers have approached Lee, who owns 25 per cent of KNM, and suggested he buy the remaining shares, though none has made a proposal that includes financing, he said. KNM has lost 71 per cent in the past six months in Kuala Lumpur trading, cutting its market value to RM1.31 billion (US$354 million).

“We are very undervalued,” Lee, who set up Selangor-based KNM in 1990, said in an interview on March 13. “The opportunity for privatisation is a good opportunity, but it’s the source of funding. There’s no offer on the table.”

Lee, 53, has seen the value of his stake plummet as the global recession, tumbling oil prices and a selloff by foreign investors combined to make KNM the second-worst performer on Malaysia’s benchmark index in 2008. He said he probably needs between RM1 billion and RM2 billion to fund any takeover.

This post has been edited by kingkong81: Mar 16 2009, 12:24 PM