I hang on a bit longer... will offload the ord. share once I feel tak betul...

These 2 counters start kick since morning.. now close to lunch break slow down already.
Not sure after lunch will kick harder or get kick down back.

Those interested with Steel counter. Chk today OSK research paper/
 Steel_20Sector_New_20Benchmark_20Pricing_20090401_20OSK.pdf ( 61.5k ) Number of downloads: 31


Cheers,
v_viper88

Ironically, the few times that I tried to let the profit run, it ran backwards!
normally, I'd cashed out already for peanuts profit..

Set my TP at 4.12 for MBB, see how

viper thanks for the report .. lionind looks attractive based on the report

Kencana - very boring counter. hardly moves and low volume too.

Normally sellers queue more than buyers.

Luckily you exited with profit and less tension.

US futures -91.. but our KLSE still in green zone... CI +7.
Hmm....

The set backs to steel ind are :-

1) High Gearings
2) High stock levels, write off the costs could be huge, hundred of millions.
3) Cashflow management is imp due to high gearing .

Just my 2sen.

This post has been edited by SKY 1809: Apr 1 2009, 12:08 PM

Today's gain is from maybank and maybank only.. without it leading, most of the other counters actually gain, 1, 2 bids only.

Possibly, tomorrow CI will give back some of the gains. And US unemployment data coming up on friday as well

Mmm.. decision decision, TMI went down jor

---

Added on April 1, 2009, 12:11 pmAlso, China's been buying a lot of mineral producers, and being the major producer and consumer of steel, they'll have quite a monopoly on the entire food chain of the steel industry.

Not sure how it'll effect non china based steel players.

This post has been edited by eltaria: Apr 1 2009, 12:11 PM

You should see its transaction few days back.. hit 1.23.
Kencana share price up from rM1.. so profit taking is expected.

I bought at 1.17 sold just now at 1.19.. Should have buy at 1.14 but i que at 1.13.. lol..
Will buy back if its price drop again.

This post has been edited by viper88: Apr 1 2009, 12:20 PM

if you are buying in huge chunk, sell partially into profit, at the sametime you get to lower down your cost. if MBB continue to go up, good for you, if down, you still have time to sell the remaining (as your cost is lowered already)

MBB got some big guys dumping already, possibly will start of a chain reaction of profit taking? Mm.. see if 4.0 can hold up or not, else exit at 3.98

Yup.. i didn't managed to buy at 0.605 recently.. bought at 0.617.. sold at 0.62 with peanut profit.

I feel lionind good buy if below 0.60... if can get around 0.58 +/- quite good.
Just my view only.. do own research and set own trading plan if interested in this counter.


US futures red..but CI up.. Najib team do magic show?

Is the buyers on MBB Q small fishes?

One sad fact about any analysis given out by brokers.

Very few analysts are well versed with cashflow management analysis which is very relevant in today world.

E.g Lion Ind's stock level of RM 1.8 b is a problem. Gearing could be on a very high side ( not given ).

Ann Joo is holding 10 months stock on average, a cashflow setback ?

How big is the warehouse is another cost factor. Japanese does not believe in building big warehouses. They practise JUST IN TIME management.



So a buy recommendation could change to a sell in a very short time.

Correct me if I am wrong.

This post has been edited by SKY 1809: Apr 1 2009, 01:01 PM

1 min bfr closing time 12.29, TMI have buyer bought 2000 lot value about RM462K..

Wow... so rich almost half million o..

The PE ratio used for Lionid is exceptionally low (as the figure is based on previous FY). Assuming Q3&4 no loss or profit, EPS is around 8.69, a more realistic PER should be 7.02. Then the whole scenario will be different... Just my opinion...

i guess it's time to let go now. before burn

Let go what?

Sorry.. brain not functioning well lately. Must be that lack of nicotine.

Currently we should throw PE ratio out of window, because future and near term profit for most company will be deteoriating at significantly rate which past data is no longer a good indicator already. No offence.

Now is about cashflow and net worth of the company.

It is not about earning profit or loss in current situation, the most important is to have positive and sustainable cashflow for the next 2 to 3 years.

any idea why HARTA is flying?????