i tot we were already xpecting market to drop more tis yr....then only recovers prob 2 half of the year?

dun monitor too much now la...unless u have loads of xtra cash n planning to enter soon

concentrate on ur job...else kena retrenched ...more freshies will b in the market soon.........

ya...more FEAR pls before mini-bull....hahahaha

STI green now...master cherroy...as always....our sifu's sifu!

wah...yawor.... <8 i sure add more

well...they r probably the first to react....the first to admit the bad shape of the economy...hence...no surprise if they r the first to recover...unlike us...always say....our economy is resilient....no prob....no recession...etc etc.....

so....r v the last to recover? hahahaha

congrats Pana! I'ved no plantation stock

selling my uchitec soon......it has risen enuf for me i guess

around 10% as of now....

no la...lucky only.....so long never 'earn' liao! hahahhaa.....my other holding all paper loss now...including pbbank....just have to hold it long term....

uchitec imho is a good stock....just tat i dowan to put too much on stock now.....will buy more when opportunies came again

tat one is manufacturing CRT...old tech....can say....just an excuse to close it since not much demand for CRT tv now also wat.....
they got lots of household items to sell one leh....

Malaysian firms hit by commodity slump, US$ rise
KUALA LUMPUR, March 5 — Malaysian companies suffered huge write-downs and impairment losses in the fourth quarter of last year as commodity prices slumped and the US dollar strengthened.

In a snapshot, Maybank-IB says 17 companies in its investment universe recognised write-offs totalling RM5.6 billion, representing 15-20 per cent of its 2008 core profit base. An estimated RM2 billion was for foreign exchange losses. The balance was for write-downs and impairment losses.

With huge outstanding debt of RM24 billion, national utility Tenaga made the biggest single write-down of RM1.4 billion on forex translation losses.

Forex losses of about RM133 million also bogged down IOI Corporation, whose performance was dented further by customer defaults of RM76 million and RM16 million in the diminution of the value of property assets for a Singapore joint venture.

Plantation companies also had their share of problems, with Kuala Lumpur Kepong suffering RM200 million of inventory losses and Hap Seng Consolidated writing down almost RM100 million on fertiliser stocks.

Huge inventory write- downs of over RM300 million were also provided for by steel makers Ann Joo and Kinsteel.

The provisions could be temporary in some cases, since they can be written-back if value is regained when the economic cycle turns or the US dollar weakens.

Phillip Capital chief investment officer Ang Kok Heng says that because of the continuing strength of the greenback, provisions for the current Q1 could remain noticeable.

In Tenaga's case, its loans increased a whopping RM2 billion over a mere three months when the greenback and yen appreciated against the ringgit, as slightly more than half of its debts are in those currencies.

Impairment charges on investments were also a factor in Q4 2008, with examples including Resorts World and Genting's RM781 million impairment charges on Star Cruises. In addition, Genting was saddled with a RM396 million impairment loss on Genting International.

Budget carrier AirAsia was another disappointment. It lost RM145 million unwinding interest rate swaps and RM281 million on fuel derivatives in Q4 — three times more than Maybank-IB anticipated.

Because of front-loading of provisions, corporate earnings were sharply reduced in Q4, as growing dividend cuts indicated companies were moving to conserve cash.

More companies, especially plantation players, could be cutting dividend payouts as earnings shrink. And a rise in cash calls is possible should the economy continue to falter, Maybank-IB says.

“But corporate Malaysia's balance sheet will remain healthy even if gross domestic product contracts this year,” it says. “The banks' capital

r u sure it will definately go up????
i think u should let ppl know bout their risk n not blatantly say things like tat...it might coz ppl to lose money
just my thought.....

almost 10% for u as well! Good trade! Aiseh...i should have bought it also....but ...boh lui after getting uchi

is it is it?? wow...what price to sell ar...still thinking...never xpect it to cont go up

who dare to buy maybank? dropped so much lately...can 'stimulus' help them????

genting tonite leh......i c genting drop so much lately..bring my frens over to contribute more to their earnings tot of going tomolo one but sat n sun all fully booked...not bad huh their biz

wow...PBBANK-o1 <8....i shall b waiting.....prob exchange my uchi for pbbank.....take a small gamble...hoping for price rebound.....

yest who says buy will gain a lot one ar????
zelan....scary la.....dunno wat is happening inside.....unless i have 'insider' news la...else dun dare to touch even if it's 10cents

kla...0.9 i sell la.....for sure...dowan too greedy la....queueing now....

just got a call by remisier.....sold all my uchi@0.90...