Went to cherating on weekend.. saw some village ppl fish netting there and caught some small fish. Got puffer fish oso.

Lowyat888 post this yesterday.
Look to sell into this bear market rally
http://www.btimes.com.my/Current_News/BTIM...alad16/Article/[/url]

Nowdays most profit from swing trade.. cant hold long. profit not much coz timing exit normally too fast.

US futures looks bad -100++..

My Jupiter remiser recommend buy on Gamuda.. at 1.89 - 1.90. More on TA call.. decide buy on own risk o...


This post has been edited by viper88: Feb 17 2009, 01:50 PM

I only play with my own cash. Playing margin is very risky.
Invest/trade within own means.

Me Jupiter remiser said watch Gamuda price.. if fall to 1.89-1.90 can grab some.
March stimulus plan will give good boost in contruction sector and Gamuda is tipped to gain from it.
Zelan oso stand good chance to rise if theres positive news on construction sector.

I sold off some of my Zelan stock.. made only peanuts..
Still have alot in hand.. average price 0.80.

This post has been edited by viper88: Feb 17 2009, 07:01 PM

Lionind seems attractive for swing trade.. any1 grab today?
Reecent high about 0.68 - 0.79++

US futures up.. seems there will be a technical rebound tonight.

Ya.. Zelan strong support is at 0.79 - 0.80. Lionind strong support around 0.65 -0.66.

I aim for both Zelan and Lionind. These 2 counters good for swing trade.. buy at low price den sell for profit.
I bought Zelan at 0.795 and lionind at 0.66.

You bought any Zelan shares today when drop?

Any1 have news on Huaan?
Suddenly the buy que at 0.225 up so much..
Its report coming out soon.. end of Feb. The profit should be lower coz demand less.. hmm.

Lionind at 0.66 now.
Zelan 0.805

Us Future +20...

Wa.. u really got big balls.

Ya... KLSE so weak.... Lionind oso drop till 0.64.. luki i sold off fast yesterday and make peanuts agin..

KLSE -9.88 ... Down counter 321 Up only 149 unchg - 193..

Alot stock going down...no energy to chiong... like tat not weak den i dunno wat to say liao..

Stimulus plan will only annouce next mth 10 mac..still far away. After annouce ady. den only can see got effect onot.
Nowdays US market keep dropping, KLSE also affected... all bleeding n weak....
Construction sector quite week coz not many new projects...

US futures up 100++ ady..

You bought Zelan also?

Osk oso get hit badly...
Only my defensive counter MPHB still holding well....

This post has been edited by viper88: Feb 23 2009, 03:52 PM

I chk its current NTA.. is 0.75. maybe will grab some slowly.

Dang.. this week alot company report sux....

OSK drop below 0.90..
Resort oso drop..
Zelan oso drop..
MPHB still holding..

I only have Zelan... paper lost ady.. zzz

Ya.. its Q4 result is bad.. lost 100 million + tats why its share drop today. No detail report where the losses incurred...
either from contruction material price increase or etcs..

Zelan lowest few mths back about 0.75.. Today drop hit 0.76. back to square one where it start to climb last time..

Huaan, Lionind oso drop alot.....
Steel counter really get hit also.. lucky i disposed Lionind earlier...

This post has been edited by viper88: Feb 27 2009, 03:13 PM

Friday, February 27, 2009
Zelan slides to lowest since 2003

ZELAN Bhd, a Malaysian builder, fell to the lowest in more than five years after the company reported a loss in the fiscal third quarter as costs exceeded its budget for contracts in the Middle East.
Shares of the company dropped 3.8 per cent to 76.5 sen at 12:30 pm, set for the lowest since September 23, 2003. It’s also the worst performer on the benchmark Composite Index.
The losses “came in as a massive surprise against both consensus and our” earnings estimates, AmResearch Sdn Bhd said in a report today. “The operating environment remains challenging amid intensifying competition.

Zelan, part of Malaysia’s MMC Corp, reported a loss of RM127.9 million (US$35 million) in the fiscal third quarter ended Dec. 3.

Ya.. went up back to 0.80 in big volumes den settle at 0.775.
I guess EPF or some big fund manager buying in alot coz Zelan price get bashed up badly today.
Its NTA is about 1.45 Jupiter - 1.37 CIMB

I bought some at 0.76 today.. but very little only..now average price is 0.798.

Any1 sapu at 0.74 just now?

News on Zelan from Bloomberg

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

ZELAN Bhd, a Malaysian builder, fell to the lowest in more than five years after the company reported a loss in the fiscal third quarter as costs exceeded its budget for contracts in the Middle East.

Shares of the company dropped 3.8 per cent to 76.5 sen at 12:30 pm, set for the lowest since September 23, 2003. It’s also the worst performer on the benchmark Composite Index.

The losses “came in as a massive surprise against both consensus and our” earnings estimates, AmResearch Sdn Bhd said in a report today. “The operating environment remains challenging amid intensifying competition.”

Zelan joins Malaysian contractors such as LCL Corp and WCT Bhd, which suffered losses after their jobs in the Middle East were hurt by rising costs of building materials and delays. They were among a slew of companies which ventured there to tap a building boom before the global recession set in.

Zelan, part of Malaysia’s MMC Corp, reported a loss of RM127.9 million (US$35 million) in the fiscal third quarter ended Dec. 31. Zelan didn’t provide comparative figures as its financial year-end was changed to March 31 from Jan. 31, it said in a statement yesterday.

The Kuala Lumpur-based company, with an order book of RM3.5 billion, is “highly exposed to the Middle East market,” with 62 per cent of its contracts coming from the region, AmResearch said.

The company said it will post a loss in the current financial year because of “the current financial turmoil worldwide and the increased cost of construction materials and other project expenses.” - Bloomberg
=======================================================

Previoulsy Zelan share price already drop to its lowest support price due to earlier earlier fear of Middle East project cancellation. Now financial report making losses but no project cancel the fear and panic sell is back.







This post has been edited by viper88: Feb 27 2009, 05:56 PM

Yesterday night i chk on Zelan closing transation and do some analysis.
Something is really goin on at the back for this counter Zelan ..

It seems that some1 trying to take advantage of the situation to make Zelan counter drop to its lowest and later accumulate it back.

Check its total buy and sell vol... almost the same.
Total buy & sell transaction almost 10 millions.
Last 15 mins transaction.. shoot up with big buying vol. (using the loopholes last 15 minutes buying in big)


If Zelan is making losses but there's still big buying vols goin on... what does this tell us?
Small fishes selling, big shark buying?

EPF buying to average down their earlier price
Mini budget insider news will benefit Zelan next month.
MMC accumulating Zelan from third party to privatise Zelan

I feel Zelan can buy at the range of 0.74-0.80 the lower the better as theres big support goin on the back...
Last minute can chiong up like tat is really unusual.. see Graph. I'm unable to pull out the pulse beat vol transaction rate coz already close..
Its buying rate went up so fast... just like blood pressure going to burst ady..


Next week need to monitor this counter.
All the above is just my own view. Do own research and analysis if interested to buy in this counter.

Its from Itrade CIMB stock tracker old version.
Jupiter stock tracking is even more detail.. it have summary for each price transaction done and alert on continuous buy or sell transaction.

This post has been edited by viper88: Mar 1 2009, 12:02 AM

Watchout for this stock. Wah Seong.
I received recommendation to buy this stock from Jupiter 26/2/09 and CIMB last week 27/2/09.
Ya.. Jupiter is faster and its analysis report seems better to me.
CIMB also not bad la..

This counter O&G making profit last year and solid business plan.
Have shares buy back support, EPF and Army Fund is accumulating it and theres 3 sen dividen coming on Mac ex 26/3/09.


I feel this stock have good potential for profit. So share with LYN ppl here.
Do own analysis if decided to buy this stock. Now is Bear market...trade with care.

 Wah_Seong_Corporation_Bhd.pdf ( 696.97k ) Number of downloads: 33


 research_27022009__Waseong_.pdf ( 208.69k ) Number of downloads: 23


http://www.reuters.com/article/GCA-Malaysi...441021420080324

http://biz.thestar.com.my/news/story.asp?f...85&sec=business


http://biz.thestar.com.my/news/story.asp?f...77&sec=business

This post has been edited by viper88: Mar 1 2009, 03:05 PM

Ya...after i do some chking.. i find this stocks performance quite good even last year also can make profit.
Other company Q4 results lost in millions but this Wah Seong made 37million profit in Q4, 117 million for full year 2008.

So u bought Zelan shares when it drop tat day?

LCL drop alot also but no strong support seen yet currently...


This post has been edited by viper88: Mar 1 2009, 04:47 PM

I'm still holding on Zelan. Bought abit only some at 0.70.
Last Fri bought at 0.76. Now average to 0.797.. still at paper lost.
Some ppl throwing zelan shares to push it down but later buy back in big vol at cheaper price.

From my previous experience with UEMBLDR.. its shares drop from 1.90+ to 1.60 , 1.30 . den drop all the way till 0.90++
But later slowly climb back 1.36...then UEMGRP privatise it at 1.42.

There are some similarity between Zelan and Uembldr...

Decide on ur own risk if u wanna swing trade..

This post has been edited by viper88: Mar 2 2009, 12:15 PM