I hope it's W shape la.. ho seh bo?

ho seh .. market no up LYN no business

today, most likely end up with no trading for me...

ya le ceh end of day boring tim ..... though got some action in the market geh

Today volume really good > $1bil!!! Too bad, didn't make any transaction...

All.. I mean all bourses in Asia ended high green. Ours?

What do u guys think about the TMI on tomorrow ? given that the TMI Rights Issue share at RM1.12

RESORT fail to stand @RM2

Up few sens not bad oso
However, still got confidence it will shoot up as FF might switch their US portfolio to emerging market since USD might deteriote due to the 3 trillion injection



This post has been edited by Junior83: Mar 25 2009, 07:59 AM

What like that ? Early morning still okay but very bad in the afternoon. Profit taking day ?

Company Name : LCL CORPORATION BERHAD
Stock Name : LCL
Date Announced : 24/03/2009


Type : Announcement
Subject : LETTER OF ACCEPTANCE - INTERIOR FIT-OUT WORKS FOR MENARA BUMIPUTRA-COMMERCE (" CIMB PROJECT")

Contents : INTRODUCTION

LCL Corporation Bhd ("the Company") is pleased to inform that its subsidiary company, LCL Furniture Sdn Bhd has on 16 March 2009, received a Letter Of Acceptance dated 6 March 2009 ("LA") from CIMB Bank Berhad ("CIMB")for interior fit-out works at a total contractual sum of RM7.7 million.

FINANCIAL EFFECT

The CIMB Project is expected to enhance the earnings of the Group but does not have any material effect on the net asset per share, share capital and substantial shareholders of the Group.

well, RM7.7 million only! better than nothing......

Sigh..Resorts closed below RM2 @ 1.99
Very long black candle today.

Too fast lah brot. It probably take 2-3weeks to reach that if the market condition is good.

It just mean investors are still not confidence which there are more retailers compared to fund managers are buying into the market at the moment.

Another point is that I don't see why market should go all the way just with a toxic plan announced. It can help to cure the financial mess, but it is not an instant miracle medicine.

Do company instantly getting lot of orders from overseas because the toxic plan? No
Do people get more job and unpaid leave is cancelled because of toxic plan? No
Do most people (especially electronic related) work 5 days as usual compared to 3/4 days per week because of toxic plan? No
Got OT or operators? No.

They key turning point for the economy and stock market (which usually ahead of economy 6 months or earlier) is job creation and spending power. If you don't create more job and more income which increase the spending power, those goods manufactured by factory has nowhere to go. Eventually corporate profit won't be improving so does stock market which is basically rely on corporate profit level to determine its share price.

Don't get me wrong, the plan is positive for economy and financial market. Just like I said before, the plan is good for financial company shareholders, bad for gov and taxpayers, even if it is a good plan, it is not an instant 100% surely will work.
You know confidence is something a very strange thing, sometimes, it works, sometimes it doesn't, very hard to explain. But destroy it, just matter of split second, or a few event then takes years for re-building.

Basically, the whole world need to build up confidence to spend again but not on leveraged spending just like 2-3 years ago. Now we know previous few years of spending and economy growth especially in US is just a smoke in the air, it is not real, but build on leverage which is not sustainable.
Now we just to go back the rebuilding.

M shape.. wakakakaka... who wanna guess? tomorrow a flatliner?

whatlah LA 16/3 receive LA now only announce?

I also wish Resorts go up @2.40 at the least.

Its able and possible. The volume is there. You can observe the huge volume everyday.

However, the increase has always been impaired by the huge selling which is still not subsided.

for lcl, they assume this is small fish contract, so there dun mind to announce later loh.

Any comments on Kencana?

It just released the quarter financial. Looks quite good compared to the preceding year.

As an involuntary unexpected long-term investor, I welcome any good news from LCL!!!

Anyway, I'm getting confused. Should I buy TMI's or Maybank's rights issue (for long-term investment)? Any expert opinion on this?

hehehe any shape also ok la janji bukan all the way down only if not mati gong kiu