source: http://bursastreet.blogspot.com/2009/03/tm...ernational.html

this is sooo late to the party.

What is the closing price for today ?

2.35 already

that report by osk, prolly means osk bought quite a bit of TMI in the last 2 days.. hoping some fish follow on monday so they can off load.. hahaha

thanks for sharing the blog

so its the time to go in or not ?????????????

waiting for RIGHT Issue

Just be careful when you decide to jump into the boat.

What is YOUR target price and how many lots you're going invest?

Note that the current price is already not at the low level.

Do some math and decide accordingly and take into account the current economy.

bought some last wednesday at 2.25. thinking of adding some.... but as you say the price is already quite high. when is the right issue date


This post has been edited by spiderbaby: Mar 21 2009, 01:24 PM

TMI also got right issue ? That will defenitely bring down the share price. So, is it a good time to buy now or still wait ?

NST Saturday, March 21, 2009, 03.16 PM

TMI gains most in more than a month

TM International Bhd, Malaysia’s biggest publicly-traded mobile-phone operator, climbed the most in more than a month in Kuala Lumpur trading after analysts said recent declines were excessive.

TMI gained 4.9 per cent to RM2.35 at midday close on the Malaysian stock exchange, the biggest increase since Feb. 6. The benchmark Kuala Lumpur Composite Index fell 0.1 per cent.

“The stock is recovering after falling so much since the rights issue announcement,” said Ikmal Hafizi Zulkifli, an analyst at TA Securities Holdings Bhd. in Kuala Lumpur. “People are speculating on an ex-rights price of around RM2.90 so the stock” started looking attractive when it fell below that level, he said.

OSK Research Sdn late yesterday upgraded its recommendation on TMI to “trading buy” from “neutral,” saying the 27 per cent drop in the share price since Feb 26 when the company announced its RM5.25 billion (US$1.4 billion) rights offer, suggests it has “already bottomed for now.”

TMI will fix its rights price on March 27, according to the share sale terms sent to clients by the arrangers and obtained by Bloomberg. New shares will be on sale from April 15 to April 29, the document showed.

The company, about 45 per cent owned by the government’s state investment agency Khazanah Nasional Bhd, will use the proceeds to repay the RM4 billion of debt owed to its former parent, Telekom Malaysia Bhd. It will also spend about US$2 billion to refinance loans taken for an investment in a mobile-phone operator in India last year.

“In theory, there is limited scope for TMI’s share price to decline further since it would be value destructive for management given the prospects of significantly higher dilution for minorities,” Jeffrey Tan, an analyst at OSK, wrote in the report. - Bloomberg

does this mean that they will try to rise the price up so that when they set the price on march 27.
or else the price for sale on april will be low is it?

correcy me if i am wrong

Yes, they will try as much they could.
The higher the price, the higher the right issue price can be set, eventually more money can be raised.

What if stock price is low and right issue is same price with the market price, then who is going to subscribe those right issue then?

Having said that, there is certain limitation they can push up, because no individual party or parties can fight the market force.

khazanah can (i hope). they have 10 billion from the 2nd mini budget

let the force be with you.....

If this is the case, is it okay for us to buy at 2.3 now and make a quick profit?

Its worth a try seeing how TMI has been most active traded for past 2 days. No gain without risk

TMI closed at 2.35. The target price is RM2.50.

Does that mean that all the big boys will be queuing up to offload at 2.50?

If that is the case, you will prolly be able to sell it at 2.45 at best.

So your profit is 0.10 if u enter at 2.35 and exit at 2.45. Thats a 4.2% profit, before deducting charges.

Assuming you can sell 0.15 above your entry price, your profit is 6.4% before deducting charges.

Worth the risk?

Yes, highest volume for the past 2 days. Not too sure if it can sustain next week!

If those who bought at cheaper price around 2.16 -2.35 earlier and still don't sell off after the ex right issue price at 2.50, will they get more profit?

Khazanah, EPF and other big fund ppl are taking up the rights issue till fully subscribe.. since all the big shark are in for the rights issue...will the share price going up further after the rights issue complete? Or it will go down ?

If i'm not mistaken, it will go down first and up again maybe in a week time.