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Friday, October 29, 2010

Genting Singapore third quarter result 2010

Trading of Genting Singapore shares will probably be active as many investors are still very bullish on the expectation of Genting Singapore third quarter earnings.

Rival Marina Bay Sands posted strong third-quarter results, this further boosting sentiment on Genting Singapore. Las Vegas Sands Corp, the casino operator run by billionaire Sheldon Adelson, posted a better-than-expected third-quarter profit on Wednesday due to strong results at its new Singapore resort and in Macau.

Genting Singapore is expected to announce its third quarter results in early November 2010.

CIMB also said Singapore's gaming market could be worth $8 billion in 2011, 25% higher than their current estimate.

MHB Target Price Fair Value

MHB listing date 29 October 2010
Stock code : 5186
Stock name : MHB
ISIN code : MYL5186OO001

MHB fair value is RM4.00 RHB
Malaysia Marine and Heavy Engineering target price is RM4.54 OSK
MHB target price RM4.72 ECMlibra
MHB target price is $4.65 AmResearch, according to a blog visitor

Thursday, October 28, 2010

Why does China love KFC more than McDonald's?

Why does China love KFC more than McDonald's?
by Aaron Hotfelder on Jun 5th 2010 at 8:30AM
http://www.gadling.com/2010/06/05/why-does-china-love-kfc-more-than-mcdonalds/

KFC is one of the most popular fast food chains in China, with more than 2,100 locations in 450 cities. Perhaps surprisingly, McDonald's is not nearly as successful, with only about half the number of restaurants. This is the reverse of the situation in the United States, where McDonald's is often considered to be number one while KFC trails behind.

So why do the Chinese prefer KFC to McDonald's? The blog The China Expat has a few possible answers. One of them is that KFC caters better to Chinese tastes than McDonald's does. For example, KFC's menu includes Traditional Peking Chicken Rolls, Preserved Sichuan Pickle and Shredded Pork Soup, Happy French Fry Shakes (with beef, orange and Uygur barbecue spices) and for breakfast a Chinese-style porridge called congee. McDonald's caters its menu to international tastes, but not to the same extent in China.

In addition, a slick marketing campaign from KFC has some Chinese convinced that KFC is actually healthy. "Their message is that KFC is the 'new fast food,'" says the China Expat. (Does this mean KFC's appalling new "Double Down" hasn't arrived in China yet?)

Finally, and perhaps most importantly in these lean economic times, KFC has better coupons than McDonald's. The coupons are apparently so good that Chinese KFC's are occasionally mobbed by coupon-holders.


POLITEMARKET's COMMENT
I agree that McDonald taste is more international. I like it very much when i was a kid. Not really the taste, but attracted by the brand name and advertisement and want to break away from home cooking, naughty boy.

Now McDonald vs KFC? For me is 50 50.

Wednesday, October 27, 2010

Padini Target Price Fair Value Buy or Neutral

Padini Analysis Research Report.
Padini Target Price Fair Value.
Padini Holdings Berhad (7058) stock share news PEGGY Method Blog
Padini share price RM4.78
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Let us do my PEGGY method test:
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PE: P/E ratio 10.4x, Jun 2010 (EPS RM0.461)
G: Growth 13.2% per year. July 2010 - Jun 2012 (EPS RM0.591)
G: Gearing -net cash about RM0.68 per share
Y: Yield (Dividend). Gross 3.1%
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Figure got from Philip Capital Management- BUY recommendation
Padnini fair value target price is RM4.65   7 October 2010 NEUTRAL

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POLITEMARKET'S COMMENT:
PE ratio is 10.4x, not low
The Growth is 13.2% per year, ok
Gearing- Net cash
Dividend yield- normal
-
Philip Capital say despite being in the challenging fashion industry, Padini managed to carve a strong name and thrive even during the recession, recording pretax growth of 16.9% CAGR over the past 5-years.

Philip Capital say Padini is cheap.

I would say the aadvantages of buying this stock....

1.Consumer stock. As above, they still make money and grown 16.9% per year even during recession.
2.Growth. Actually I don't know how they will grow. But according to Philip, Padini’s next growth driver will be from Brands Outlet, penetrating rural areas for more sales growth. Padini’s strong branding and wide product range with emphasis on quality and affordability.
3.Net cash. With RM0.68 net cash, Company say they may buy other business or pay higher dividend. Dividend is consistently minimum 30% payout ratio. You saw what happened to Bonia recently. Announced that they will buy another apparel business and the profit will jump. Bonia share price jump because of that. If Padini do the same, profit will jump, Padini share price will jump. You jump I jump.
4. Proposed share split 1 to 5. Well, share split is just for info.


The disadvantage of buying Padini is you are not getting a very cheap stock. PE is 10.4x, 12 months later is still 9.7x. The dividend is only 3.1%. You will then have to depend very much on the growth. No growth no gain.

Philip Capital say BUY. OSK say NEUTRAL

Again, you will have to make your own decision.

Tuesday, October 26, 2010

Paul the Octopus dies- Murdered? Natural Cause?

Paul the Octopus dies
FRANKFURT: Paul the Octopus, who correctly predicting results at this year’s World Cup, died Tuesday.

Paul had reached the octopus old age of 2 1/2 years and died in his tank on Tuesday morning in an aquarium in the western German city of Oberhausen, spokeswoman Ariane Vieregge said.

Paul seemed to be in good shape when he was checked late Monday, but he did not make it through the night. He died of natural causes, Vieregge added.

“We had all naturally grown very fond of him and he will be sorely missed,” Sea Life manager Stefan Porwoll said in a statement.

The aquarium has not yet decided how best to commemorate their most famous resident, he said.

“We may decide to give Paul his own small burial plot within our grounds, and erect a modest permanent shrine,” Porwoll said.

After rising to global prominence during the World Cup in South Africa in June and July, Paul retired from the predictions business after the final between Spain and the Netherlands - the result of which he also forecast correctly - and returned to his prime role of making children happy.

The invertebrate was stepping “back from the official oracle business,” Tanja Munzig, a spokeswoman for the Sea Life aquarium in Oberhausen, told AP Television News at the time.

“He won’t give any more oracle predictions - either in football, nor in politics, lifestyle or economy,” she said. “Paul will get back to his former job, namely making children laugh.”

Paul correctly tipped the outcome of all seven of Germany’s games. He made his predictions by opening the lid of one of two clear plastic boxes, each containing a mussel and bearing a team flag.

After his World Cup soothsaying skills were revealed, the English-born Paul was appointed as an ambassador to England’s bid to host the 2018 World Cup. He had English roots, having been hatched at Weymouth Sea Life Center on England’s south coast in 2008.

Imitators sprang up all over the world, including Mani the Parakeet in Singapore and Lorenzo the Parrot in Hannover, Germany.

The latest was a saltwater crocodile named Dirty Harry, who predicted Spain’s World Cup final win and called the result of Australia’s general election by snatching a chicken carcass dangling beneath a caricature of Prime Minister Julia Gillard.

“El Pulpo Paul” became so popular in Spain that the northwestern Spanish town of O Carballino tried to borrow him and made him an “honorary friend.”

In response to hundreds of requests to bring Paul to Spain, the Madrid Zoo asked Sea Life if it would be willing to make a deal to bring him in as a tribute to the Spanish football team’s victory, either temporarily or for good. But the German aquarium turned down that offer, too.

Paul also had an agent and Paul’s name will live on the Greek island of Zakynthos, where a permanent sea turtle rescue center funded in part by donations generated by the famous octopus is being established. - AP

Monday, October 25, 2010

The Star technical analysis

Now ChartNexus is saying that their XPertTrader on the 8th October 2010, spotted a Bullish Signal based on their Trend Trading Strategy in the STAR.
The STAR went on to RALLY 13.7% to hit a high of RM4.15!!
But that was history. The previous two that given by them Kimlun and UMW (refer to my earlier post), after many days also didn't move up.
Let us wait for few more days and see.
I think technical analysis is not that easy. Maybe I'm not that intelligent. But look at what ChartNexus alert, kimlun and UMW, also didn't move up.

DO NOT ask people to SELL shares

Warning!! Do not ask, suggest, or recommend people to SELL stocks.

Assuming you ask people to buy stock A at RM1.00, so he bought RM10,000. But later the stock collapsed and delisted. What is the worst damage? He loss RM10,000. If sell fast, then loss RM8,000 or RM7,000

But if you ask a person to sell stock A at RM1.00. If the stock go up to RM3.00, he miss out RM20,000. If seven years later, go to RM9.00, he miss out RM80,000.

Then every time he meet you in wedding dinner, reunion, or birthday party, he will tell others that because of you, including dividend he miss more than RM100,000.

What if the stock is really lousy? Then ask him to check with his remisier. What if you are a remisier, then you check with an analyst, then tell your client analyst says is bad. What if you are an analyst, then ask the person refer back to his remisier. Playing ping pong pushing responsibility.

Any recommendation by remisier or analyst that went wrong, we shouldn't keep blaming them. We can mention that the recommendation was wrong but should not keep blaming them until talking about it in every wedding dinner. We are the one that make our own decision. That is no 100% certainty.

Friday, October 22, 2010

SELL when eating NASI LEMAK

Some investors are very careful, they only invest blue-chip during crisis. Will hold for long term. So they don't check the price very often.

Assuming a person bought it at RM1.00 in year 2000 and don't bother to check the price. In 2002, one day when eating nasi lemak, from the nasi lemak newspaper wrapping, he notice that the stock price is already
RM2.00, so he sell it. Make 100% good profit for two years.

POLITE MARKET'S COMMENTS:
If a remisier buy a stock at RM1.00, he normally will sell it below RM1.20.
Why? Many remisiers told me they can NOT resist the temptation to sell,
because everyday they are looking at the prices on the screen. If today don't sell, tomorrow will sell. If not then few days later. They can't hold it for long. Their hands always itchy.

They said they let emotion to influence them. Everyday look at the price sure no patience. They told me for long-term investment, is better not to check the price so often.

Thursday, October 21, 2010

Palm Oil break RM3000

CPO price up and is more than RM3,000, first time since 2008.
Palm oil is the world’s cheapest and most consumed edible oil.

AirAsia Bigger than MAS Bhd

Compare AirAsia and Malaysian Airline System

AirAsia 2.768mil shares X RM2.58 = RM7.44 bil
MAS Bhd 3.342mil shares X RM2.28 = RM7.62 bil

Due to price movement, there was once AirAsia larger than MAS in terms of market capitalization.

If AirAsia can secure more routes, then will continue to grow.
I have not heard of any plane crash involving AirAsia.
But I always feel AirAsia is just like a bus. Landed, then fly again. Have to rush to secure a seat. Always delay.
But people got NO CHOICE, have to take AirAsia. Even the service is bad, but few hundred dollar difference.

Wednesday, October 20, 2010

TSH to plant 8,153ha with oil palm in 2010

TSH Resources Bhd will embark on planting 8,153ha with oil palm this year while it progressively acquires more green fields in Kalimantan, Indonesia.
Chairman Datuk Kelvin Tan said the group would focus on planting oil palm in its 44,416ha of unplanted landbank in Sabah and Indonesia in the next five years.
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Of the group’s total 87,352ha oil palm landbank, the total planted area was about 34,783ha, he said.
The group also has about 1,500ha of rubber plantation, 5,000ha of tree plantation and an unplanted landbank of about 33,500ha.
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The group’s total plantation landbank is about 127,352ha.
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“TSH is a profitable outfit despite having only 30% or about 13,000ha matured oil palm areas to date,” he said.
Palm oil contributes about 80% to the group’s total revenue, while the rest comes from the bio-integration, wood product and cocoa segments.
Meanwhile, group managing director Tan Aik Sim said TSH would always be on the lookout for green fields rather than brown fields in the eastern and central parts of Kalimantan “whenever the opportunity strikes.”
He said Indonesia had no labour shortage problem, larger tracts of land and relatively cheaper land prices compared with Malaysia.
“Most of our oil palm ventures in Indonesia were via joint ventures with local parties,” he added.
On crude palm oil prices, Kelvin said: “Our expectation is similar to the forecasts of the big boys in the plantation sector with the commodity trading at the RM2,500 to RM3,000 per tonne level this year.”
Although TSH is considered small in size compared with other listed plantation players, he said the group was among the more efficient planters in terms of cost of production (COP).
According to plantation analysts, the average COP among oil palm planters in the country was about RM1,200 to RM1,300 per tonne.
Source: The Star

AirAsia Upgraded

AIRASIA BHD Target Price RM2.88
MIDF Research based on FY11 EPS pegged at PER of 8.5 times, which is the mean PER of its peers.


AirAsia fair value RM3.01.
RHB based on 12x revised FY12/11 EPS, in line with Ryanair fair value PE ratio.

RHB AirAsia Fair Value
5 August 2010          RM1.88
12 August 2010        RM2.08
3 September 2010    RM2.08
30 September 2010   RM2.57
11 October 2010       RM3.01


If we don't read or follow the stock, and still having the old report, then we thought AirAsia fair value is still RM1.88.

XPertTrader Spotted Bullish Signal in UMW

According to chart nexus, XPertTrader is a special charting software that scans the entire stock market for high probability winning stocks. MACD and Moving Average are powerful indicators that experienced and savvy traders employ to profit from the stock market. Once a Bullish Signal is spotted, it alerts us to BUY. On the 19th October 2010, XPertTrader spotted a Bullish Signal based on MACD and Moving Average signal in UMW.
Watch out for the progress of UMW over the course of this week! The market waits for no one. With XPertTrader, you will be able to pick the best stocks to trade with confidence and ease!

The New XPertTrader
With Automated Stocks Screener, Rules Composer & Back-Testing, it's a complete Trading Software for your Trading Success.
The Automated Stocks Screener helps you to scan through thousands of stocks in the market for the HOTTEST STOCKS within JUST 10 minutes a day. You can sit back, relax and simply click the "Start Screening" button to look for the next winning stock.

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Market Talk.
A: That day 15 Oct said Kimlun bullish, but drop for few days. Now is UMW. You think can?
B: Wait and see. Got rebound or uptrend, we join in. Don't go in blindly.
A: We should follow the expert in chart and make money.
B: Wrong. They give you a fish, you eat for one meal. Better you learn fishing.
A: Yeah, many web sites also got teach technical analysis. But how come you don't know technical analysis?
B: errr...........
A: Talk easy.

Kimlun Buy? Bullish breakout?

A: Kimlun can buy?
B: Why?
A: On 15 October 2010, a famous charting company said they spotted a Bull Flag Pattern in Kimlun. They said a Bullish Flag Pattern forms after an explosive upward price movement. The pattern leads to the continuation of the previous uptrend. Be able to join in the strong uptrend in Kimlun.
But 18 and 19 of October, Kimlun still down.
Is this the time to jump in? I am not good in charting or technical analysis. Why still down for two days?
-
B: That is theory. Let us monitor closely. Wait for it to rebound and see whether we can join in.
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Kimlun now is RM1.43 8.00am 20 October 2010.

Tuesday, October 19, 2010

Walnut as good as Viagra

It may sound nutty, but walnuts may just be the remedy for erectile dysfunction.

Developed by a team of researchers at Universiti Malaya (UM) for the two years, a tablet containing walnut extract has shown potential as a local alternative to Viagra. One of the researchers, UM Faculty of Medicine Physiology Department lecturer Prof Dr Kim Kah Hwi, said that so far 40 volunteers had tried the tablet and responded positively.

It takes 3.3kg of walnuts to produce enough extracts for one tablet.

On its efficacy, Prof Kim said the new pill was comparable to Viagra and he claimed that it was safer as well, although a person would have to consume about 3.3kg of walnuts for the same effect as one tablet.

“It takes about an hour for the effects to set in and it will last for about four hours.

“Furthermore, because it is not a drug, it is safe for those with hypertension or diabetes, or (those) who have recently had heart bypasses,” he said, adding that some of the volunteers had undergone bypass surgeries.

Prof Kim said the active ingredient was arginine, an amino acid that is absorbed into the body and converted into nitric oxide.

“This enlarges blood vessels and enhances blood flow to the penis,” he said.

As to how he ventured into exploring walnuts to treat erectile dysfunction, he said it all began with something he read.

“I read articles about Romans and French having eaten walnuts for this purpose. I thought if it had been documented that long ago, then there surely has to be something there,” he said.

The tablet, called “N-Hanz”, also bagged the gold medal for best invention at the recent International Invention, Innovation, Industrial Design and Technology Exhibition 2007.

Prof Kim said that the tablet had been approved by the Health Ministry.

Source: The Star extract

Monday, October 18, 2010

GWPlast Target Price

GWPlast Fair Value RM0.90 RHB
GWPlast Fair Value RM0.70 TA

If you average it out is RM0.80.

Short Term or Long Term

Short Term Trading
Price goes up: Investor should take profit
Yes, normally investor takes profit
PASS.... Gain 10%-20%

Short Term Trading
Price Comes Down: Cut loss
But ended hold THEN cut loss
FAIL..... Loss 50%

Long Term Investment
Price goes up: Hold or add a bit more
But ended up took profit
FAIL.... Gain only 20%-30%

Long Term Investment
Price Comes Down: Should keep buying more
But ended buy some more, hold then cut loss
FAIL..... Loss 50%

Average out the above is NEGATIVE (Loss) -15%

POLITE MARKET'S COMMENT:
So, you need to decide whether your trade is long term or short term.

Friday, October 15, 2010

MMHE IPO oversubscribed 20 times

Malaysia Marine and Heavy Engineering's initial public offering has been oversubscribed by more than 20 times, two fund managers with direct knowledge of the matter said.
Bids for the auction far exceeded earlier estimates that placed the oversubscription rate at 15 times.

The fund managers told Reuters the final institutional price would likely be 3.80 Malaysian ringgit per share, and the retail price at 3.61 ringgit. Reuters

Cypark Target Price Fair Value

Cypark IPO listing date : 15 October 2010
Cypark fair value RM1.35 TA
CYPARK Resources Berhad target price RM1.45 RHB
Cypark target price RM1.39 RHB

Thursday, October 14, 2010

MMHE Target Price RM4.72 - Another Maxis??

MMHE IPO Analysis Research Report.
MMHE Target Price Fair Value.
PEGGY Method Blog stock share news Malaysia Marine and Heavy Engineering Bhd
MMHE share price IPO price RM3.80 (not confirm yet)
MMHE retail price RM3.61 (not confirm yet)
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Let us do my PEGGY method test: Using RM3.80 price
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PE: P/E ratio 16.3x, Mar 2011 (EPS RM0.233)
G: Growth 7.3% per year. April 2011 – March 2013 (EPS RM0.268)
G: Gearing net cash
Y: Yield (Dividend). low
-
Figure got from RHB web.

Malaysia Marine and Heavy Engineering fair value is RM4.00 RHB
Malaysia Marine and Heavy Engineering target price is RM4.54 OSK
MHB target price RM4.72 ECMlibra
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POLITEMARKET'S COMMENT:
PE ratio is 16.3x, high
The Growth is 7.3% per year, low
Gearing- cash, ok
Dividend yield- low
-
There is no dividend figure provided by RHB, saw ECM report, low dividend
With high PE and low growth, and low dividend, you want this stock at RM3.80?

BUT WAIT............

RHB said 1) Order replenishment is assured given the shareholding links with Petronas and MISC; 2) Margins are on the uptrend as contracts move to “fixed-cost” structure; 3) Tie-up with global strategic partners enhances technical know-how and opens up international opportunities; and 4) Turkmenistan yard will provide MMHE with exposure to Caspian Sea’s oil and gas projects.

They said MMHE should trade at higher premium than other competitors because 1) the Petronas link; 2) MMHE’S status as the largest oil and gas fabricator among the seven licensed major fabricators; and 3) MMHE’s strength as the leading fabricator for deepwater production facilities. In our view, the stock will be the most direct play for Petronas’ offshore contracts going forward.

CAUTIOUS:
Once again, this is an IPO, and the price very hard to predict.
Big company like this always trade at higher PE and higher price.
Another thing is, you try go to a broker and FEEL the atmosphere of MMHE IPO. My friends told me it is just like another Maxis. Many people are applying the IPO. If you ask me why, I don't know.

I think first day listing will trade close to RM4.00. I guess only.

Maxwell IPO

Maxwell International Holdings Berhad IPO, a China-based sports footwear designer and manufacturer will be listed on Bursa Malaysia. It will raise RM34.4 million from its initial public offering.


Chairman Jenny Li Kwai Chun said part of the proceeds would be used to improve the group''s design and development (D&D) capabilities.

"To hone our competitive edge even further, we plan to strengthen our D&D capabilities by expanding our team, as well as increasing the number of shoe designs from an average of 1,000 to 1,500 per year.

"The larger number of designs would broaden our product range and revenue base in the long run," she told reporters after signing the underwriting agreement with OSK Investment Bank Bhd in Kuala Lumpur today.

She also said the company's present focus was serving a much larger market as an original equipment manufacturer and original design manufacturer for international brands. -- Bernama and Business Times

New oil palm clone set to double palm oil yield

A new oil palm clone dubbed Wakuba oil palm ramet brand was launched on 28 September with a promise of doubling the current oil yield. Named after TSH Resources Bhd unit TSH Biotech Sdn Bhd’s five-year-old tissue-culture laboratory in Wakuba Gading, Tawau, Sabah, the new clone promises an oil yield of up to 10 tonnes per ha compared with the average current yield of about 4.5 tonnes per ha in the country.
TSH Resources chairman Datuk Kelvin Tan said the company had invested RM25mil in the laboratory, which is expected to produce 1.5 million ramets by 2015 compared with 500,000 this year.
........
At the current crude palm oil price, a smallholder with 6ha can potentially earn an incremental income of RM30,000 a year using cloned shoots, Tan added.

Meanwhile, MPOB director-general Datuk Dr Mohd BasriWahid described the synergy between the two parties and success of Wakuba ramets as a landmark achievement for the clonal industry.

Wednesday, October 13, 2010

Market Talk- PLUS and EPF

13 October 2010
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A: Read in The Star that EPF may buy PLUS EXPRESSWAYS Bhd
B: Our money.
A: But EPF paying us 5.5%. The return from PLUS is 4% only.
B: As long as PLUS profit can grow, 4 years later may exceed 5.5%.
A: Oh I see.
B: Buy PLUS better than buy other lousy counters
A: You mean?
B: Remember in 2001 EPF bought many Time Dotcom shares at RM3.30?
A: That's our money.
B: Now is penny stock.
A: Sad. I hope after EPF really bought PLUS, we just show our EPF membership card, no need to pay toll.
B: Your head (kepala engkau) !


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Tuesday, October 12, 2010

Nissan 2.88% p.a. up to 9 years

Current Nissan promotion. Crazy H.P. interest rate of 2.88% p.a. for loan tenure up to 9 years. Choose from the Sylphy, Grand Livina, Serena & X-Trail before this offer drifts away.
Promotion ends 31st October 2010. Visit your nearest Nissan showroom for more information.

Mudajaya Target Price more than 70% upside

Mudajaya Target Price kept changing and changing for the past few weeks.
11/10/2010 (Monday) OSK Mudajaya Target Price RM7.22 Buy
08/10/2010 (Friday) OSK Mudajaya Target Price RM6.00 Buy
08/10/2010 CIMB Mudajaya Target Price RM7.94 Buy
07/10/2010 OSK Mudajaya Target Price RM7.33 Buy
06/09/2010 CIMB Mudajaya Target Price RM7.94 Buy
26/08/2010 S&P Mudajaya Target Price RM5.80 Buy
09/08/2010 CIMB Mudajaya Target Price RM7.94 Buy
06/08/2010 S&P Mudajaya Target Price RM5.80 Buy
06/08/2010 CIMB Mudajaya Target Price RM4.14 Hold
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Very volatile, and good for those who want trade and make quick money.
But risky too.
Based on analysts fundamental forecast, now MudahJaya target price is
RM7.22 (OSK) and RM7.94 (CIMB). That offers more than 70% upside gain.
Analysts are expert, so in theory if the forecast is accurate, you
probably can expect more than 70% gain/profit if you buy now.
Not easy to find a stock that the target price is more than 70% upside.
But many people avoid Mudah Jaya because of too much uncertainties.
Maybe tomorrow they may cut the target price again, or revise up.
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Hiaptek Target Price Fair Value RM1.15 or RM1.63?

Hiaptek Analysis Research Report.
Hiapteck Target Price Fair Value.
PEGGY Method Blog stock share news Hiap Teck Venture Bhd (5072)
Hiaptek share price RM1.31
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Let us do my PEGGY method test:
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PE: P/E ratio 8.3x, July 2010 (EPS RM0.157)
G: Growth 3.2% per year. Aug 2010 - July 2012 (EPS RM0.167)
G: Gearing net 1.1x
Y: Yield (Dividend). Gross 1.5%
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Figure got from RHB web.
Hiap Teck target price fair value is RM1.63 RHB 1 October 2010 BUY
HiapTeck target price fair value is RM1.15 OSK 1 October 2010 Hold
-
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POLITEMARKET'S COMMENT:
PE ratio is 8.3x, ok
The Growth is 3.2% per year, low
Gearing- 1.1x high
Dividend yield- Gross 1.5%, low
-
RHB said steel have favorable outlook because concerns on oversupply in
the steel sector or industry have eased following the recent Chinese
government's measures to shut down inefficient steel mills in China and
cut power supply to steel mills.
-
But whatever good news and whatever projects, I am interested to know
what is the price, profit, and growth. Not just the word GOOD.
After saying the outlook is GOOD, but RHB only forecast average of 3.2%
growth per year for the next two years.
-
The stock got only one thing good. Low PE ratio. You can just buy the
stock because is cheap, at low PE and outperform recommendation by RHB
with Hiapteck fair value of RM1.63. But the stock offer you low growth,
low dividend and the gearing (borrowing) is high.
-
Make your own decision whether to follow RHB (RM1.31) or OSK (RM1.15)
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Monday, October 11, 2010

CPO Shot up more than RM150

Palm oil shot up more than RM150 within a day. Now almost RM3000.
That is a huge price increase per day. I heard Bursa Malaysia initiated
intraday margin call for those who short on the CPO futures contract and
having intraday margin call.
Many plantation counters also up, with the KLSE plantation index up
about 1.68%, outperform the KLCI index which up only 0.41%.
Many in the list of plantation counters up.
Hopefully the palm oil prices can break RM3000 and sustain for few weeks
and let people play the plantation counters.
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Banana can improve male fertility

MEN can improve their fertility by eating a banana every three days, reported Sin Chew Daily.
Quoting a Singaporean urologist, the daily reported that the fruit can increase sperm count as it contains high level of magnesium to produce sperm cells.
Taking food like cashew nuts, potato, spaghetti and seafood will also have a similar effect, according to the doctor.
He advised men to avoid drinking alcohol, smoking, taking a hot shower or spending time in a sauna as these can affect the production of sperm.
Source: The Star

Friday, October 8, 2010

Malaysia Stock Market High Dividend Yield Stock

Selected KLSE Bursa Malaysia highest dividend yield stocks.

OUTPERFORM
STOCK Share Price             Dividend Yield 2011
VSIndustry      1.42               10.80
Glomac          1.51                  9.70
Maxis              5.37                9.40
AnnJoo           2.92                 9.20
CSCSteel       1.72                 8.70
AxisREIT        2.15                8.70
QuilCapita        1.00               8.60
Paramount         4.30              7.30
Pgas               10.94               7.10
Sunway REIT  0.97                 7.00
MCIL  0.87                          6.90
Digi 24.10                             6.70
Daibochi 3.00                        6.70
Evergreen 1.54                       6.50
Hartalega 4.33                    6.20
Freight 0.97                          5.70
MediaPrima 2.11                  5.30


MARKET PERFORM
TM 3.38                            7.80
YTLPower 2.31               7.60
LPICapital 11.78                6.70
Amway 7.90                    6.60
B-Toto 4.19                    6.40
Adventa 2.39                 6.10
STAR 3.79                   6.10

These are the good dividend stocks covered by RHB. For further information, please visit RHB web.

KFC Share Price good buy? KFC Target Price RM3.61

KFC Analysis Research Report.
KFC Target Price Fair Value.
PEGGY Method Blog KFC (M) Holdings Bhd (3492) stock share news
KFC Malaysia share price RM3.18
-
Let us do my PEGGY method test:

PE: P/E ratio 16.5x, Dec 2010 (EPS RM0.193)
G: Growth 16.2% per year. Jan 2011 - Dec 2011 (EPS RM0.261)
G: Gearing net cash
Y: Yield (Dividend). Gross 2.0% ???? PLEASE CHECK 9%???

Figure got from RHB web.
KFC target price fair value is RM3.61 by RHB 30/9/10 Outperform

-
POLITEMARKET'S COMMENT:
PE ratio is 16.5x, high.
But normally consumer stocks trade at higher PE ratio. Because they are considered defensive stock where they can still make profit during good time or recession.
The Growth is 16.2%, ok.
Gearing- net cash
Dividend yield- Gross about 2% a bit low.
In RHB 30/09/2010 quarterly report, it shows KFC dividend yield is about 9%.
I think there may be mistake. Normally in previous RHB report, KFC dividend yield is about 2%, and same as S&P report. We will have to clarify with RHB.

In long term I think KFC can grow, especially now with net cash, they are venturing to overseas. They are opening two KFC outlets in India, the first halal fast food in India. Plan to open 12 outlets as part of the US$10 million project. You know the population of India is huge right.

From what I see, KFC is a long term grow. But the price already factor in. If you are patience, you may wait for the price to drop below RM3.00 to enter. But if you cannot wait or afraid you will miss out in KFC, and you don't mind low dividend (2%), then buy now and keep for long term.

Thursday, October 7, 2010

Genting Bhd is worth RM14.05? or RM16.86?

Is Genting Bhd really worth RM14.05? or RM16.80? According to OSK, Genting Bhd target price fair value is RM14.05. I am not an analyst, so I can't come out with Genting Berhad target price fair value.

But continue from my earlier article that Genting Singapore is worth RM8.28 for Genting Berhad. Let me add in other assets.

Genting Malaysia market capitalisation is about RM21 billion.
Genting Berhad own about 48%.
RM21 billlion X 48% = RM10.08 billion.
Divided by total number of Genting Berhad Shares 3.7 billion.
then it is worth RM2.72 per share.

RM8.28 + RM2.72 = RM11.00

I saw in one of RHB report, the other businesses, such as Genting Plantation, Management fees, Power, Oil & Gas, Tangguh concession and Landmarks are worth much much more than RM3.05 per share.
So add up all in is more than RM14.05

This is just the assets/businesses current market prices. Genting Singapore and other assets fair value are higher than current market price. If we take in a 20% upside for these assets fair value, then Genting Berhad target price fair value will be more than RM16.86. But most institutional investors and fund managers dislike Holding Company, they prefer direct exposure. So then we will cut 20% discount. So go back to RM14.05.

Yes, based on the above calculation, Genting Berhad is worth RM14.05, and not RM16.86. If Genting Berhad sell ALL its assets and business at fair value now, then only it is worth RM16.86.

Genting Singapore is worth RM8.28 per share for Genting

Genting Singapore total issued shares is 12,170,109,207 units.
X S$2.00 will be S$24.34 billion.
X 2.33 exchange rate will be RM56.7 billion

How many percent stake Genting Bhd have?
Genting Bhd own about 54% of Genting Singapore.

RM56.7 billion X 54% = RM30.62 billion.

Genting Bhd's stakes in Genting Singapore is worth RM30.62 billion
Divided by total number of Genting Berhad Shares 3.7 billion,
then Genting Singapore is worth RM8.28 per share.

Genting Singapore shares that Gentng Bhd own, is worth RM8.28 per share.

Wednesday, October 6, 2010

Stock Share Rumours or News

With the confirmation by Khazanah top officer that MMC is bidding for UEM, then I consider it as News and Not rumours. So, this UEM case is closed.
 
UEM Group Bhd Stock Share News.
The government confirmed that MMC Corporation Bhd has made a bid for the UEM Group Bhd and a decision will be made in due course.
Source: Bernama and Business Times news 4 October 2010.
Status: CLOSED CASE

 
UEM Group Bhd Stock Share News.
UEM is not aware of any market talk of a buyout of the group by MMC Corporation Bhd. Based on media speculation reports, MMC has made an offer to buy UEM Group for RM15.6 billion. UEM Group's listed entities include Plus Expressways Bhd, Faber Group Bhd, UEM Land Holdings Bhd and Time Engineering Bhd.
Source: Bernama and Business Times news 1 October 2010.
Status: CLOSED CASE

KBUNAI Stock News.
Proposed Integrated Resort (IR) at Karambunai in Sabah could potentially
include a casino.
Source: Malaysian Insider news 22 September 2010.
-
PLUS Expressway Bhd Stock News
A weekly business newspaper reported that Khazanah Nasional Bhd may sell
its stake in the company.
Source: Bloomberg 20 September 2010.
-
IJMLand stock news
Privatization. May be privatized.
Source: Malaysia Finance Blog quoting a local broker. 20 September 2010.

-
EASTERN & ORIENTAL BERHAD (E&O) share news
Are E&O shareholders looking at privatisation?
Source: The Edge 2 August 2010.
E&O would like to clarify that the Company has not received any notice
from any of its shareholders pertaining to plans to privatise the
Company. The Company is also not aware of any such plans by any of its
shareholders.
Source: E&O and Bursa. 2 August 2010.

-
Outdated news for info only.

QL Target Price Fair Value Keep Adjusting Upward

As I mentioned in my earlier QL post that analysts will adjust QL target price fair value.

This is the latest QL Resources Bhd target price fair value:
QL Target price RM5.15 by Kenanga 6 October 2010 BUY.
QL Target price RM5.28 by OSK 6 October 2010 BUY
QL Fair value RM5.41 by RHB 5 October 2010 OUTPERFORM

Whatever the words they used, Buy or Ooutperform, is about the same.

Suncity Target Price Fair Value Analysis Research Report

SUNCITY Analysis Research Report.
SUNCITY Target Price Fair Value.
PEGGY Method Blog stock share news Sunway City Bhd (6289)
Suncity share price RM4.00
-
Let us do my PEGGY method test:
PE: P/E ratio 11.5x, Dec 2010 (EPS RM0.348)
G: Growth 17.7% per year. Jan 2011 - Dec 2011 (EPS RM0.482)
G: Gearing net cash
Y: Yield (Dividend). Gross 2.1%
Figure got from RHB web.
Suncity target price fair value is RM5.48 by RHB 30/9/10 Outperform
Suncity target price by AMMB is RM4.13  Hold 5/10/10
Suncity target price by interpac is RM4.70 BUY 6/9/10
-
-
POLITEMARKET'S COMMENT:
PE ratio is 11.5x, not low
The Growth is 17.7% per year, good
Gearing- net cash
Dividend yield- Gross 2.1%, a bit low
-
The stock is not at a bargain because PE is 11.5x.
Furthermore, the dividend is also low.
Previously they were having net gearing of more than 0.5x,
but with the listing of SUNREITS, now is net cash. Good.
-
Not much good thing at the moment, except that they are growing 17.7% per year which is good. However.....
Now that they are having net cash, they may use it to buy other businesses or more properties to develop. They may even increase the gearing to comfortable 0.2x or 0.3x to get more money for new venture.
Due to net cash, they may pay higher dividend. Recently they received cash from Sunreits and pay RM0.31 dividend to reward shareholders.
-
From what I see, the stock can grow if they can achieve 17.7% growth as per forecast. They may grow further if they are able to use the net cash wisely.

Suncity Target Price Fair Value Analysis Research Report

Amendment

Market Talk IJMLand-wa IJM Land Warrant

6 October 2010
A: Our IJMland-wa up.
B: Yeah, more than 20% in two weeks.
A: Should I sell now?
B: errrrrrrrr, I am selling mine bit by bit. 20% return.
A: Our Encorp dropping.
B: Wait lah. We wait till Great Wall Plastic (GWPH) listing. Related.
A: What do you mean by related?
B: Cantonese said OH LIU TAN TOH. OH LIU means urinate.
A: hahahaha......

----------------------
01 October 2010

A: What to buy?
B: Encorp can?
A: Why? Give me five reasons.
-
B:
1) Sarawak stock (Sarawak election).
2) Market sentiment still ok
3) Related to new GW Plastics IPO
4) Got corporate exercise rights issue
5) Chart ok.
-
A: Sure? Please don't bring me to Holland. Lose money on your IJMLand-wa
B: Then revenge loh.
------------------------------

22 September 2010
-
A: What to buy?
B: Try IJMland RM2.37.
A: Why?
B: Gamuda up, then IJMland.
A: Why like that?
B: You see lah. You can try IJMLand-Wa also at RM1.02.
-
This is market talk.

-

Tuesday, October 5, 2010

Stock Share Rumours or News

UEM Group Bhd Stock Share News.
The government confirmed that MMC Corporation Bhd has made a bid for the UEM Group Bhd and a decision will be made in due course.
Source: Bernama and Business Times news 4 October 2010.

UEM Group Bhd Stock Share News.
UEM is not aware of any market talk of a buyout of the group by MMC Corporation Bhd. Based on media speculation reports, MMC has made an offer to buy UEM Group for RM15.6 billion. UEM Group's listed entities include Plus Expressways Bhd, Faber Group Bhd, UEM Land Holdings Bhd and Time Engineering Bhd.
Source: Bernama and Business Times news 1 October 2010.


KBUNAI Stock News.
Proposed Integrated Resort (IR) at Karambunai in Sabah could potentially
include a casino.
Source: Malaysian Insider news 22 September 2010.
-
PLUS Expressway Bhd Stock News
A weekly business newspaper reported that Khazanah Nasional Bhd may sell
its stake in the company.
Source: Bloomberg 20 September 2010.
-
IJMLand stock news
Privatization. May be privatized.
Source: Malaysia Finance Blog quoting a local broker. 20 September 2010.

-
EASTERN & ORIENTAL BERHAD (E&O) share news
Are E&O shareholders looking at privatisation?
Source: The Edge 2 August 2010.
E&O would like to clarify that the Company has not received any notice
from any of its shareholders pertaining to plans to privatise the
Company. The Company is also not aware of any such plans by any of its
shareholders.
Source: E&O and Bursa. 2 August 2010.

-
Outdated news for info only.

Genome target price fair value RM1.22 RM1.26

Genome is the short name of Malaysian Genomics Resource Centre Berhad.
Genome target price fair value is RM1.22 RM1.26.
Genome stock code is 0155.
Genome fair value is RM1.26 given by TA Securities.
Genome fair value is RM1.22 given by RHB
-
For more info, please refer to my post titled......
Malaysian Genomics Resource Centre Berhad Target Price fair Value.
-
I was wondering why Genome? I thought the short name will be MGRC
because Bloomberg Ticker is MGRC MK.
-

Paramount Corporation Berhad- Good Stock

Taken from http://blisswise.blogspot.com/2010/10/paramount-corp.html

Paramount Corp / Paramon Corp (PC) has breached its overhead resistance. It is now poised to go higher. If you are not on board the ship yet, it may not be too late to jump onto the bandwagon.

As at June 30, 2010, PC has cash and bank balances of 231.64 million. From the sale of its JIB shares, it will add more than 130 million to its coffers. With so much cash in hand and little borrowings, PC is likely to give out some goodies to its shareholders. A bonus issue and a special dividend are possibilities. PC has a small paid-up capital of only RM117,482,000. Its par value per share is RM1.

EPS for the 6 months ended 30.6.10 was 36.23 sen. And according to the management, the group's prospects for the remaining 6 months are expected to be good. Using this figure to annulize, the EPS for the year would be 72.46 sen.

PC closed at 4.52 per share last Friday. At his price, the forward PE is 6.237. This is undemanding as the average PE in the property sector is much higher. If PC is rated at a PE of 8, which I think is not unreasonable, the price goes up to 5.80. Hence, there is still money to be made from PC if you buy the stock now.

The much-talked-about Economic Transformation Programme (ETP) which includes the mass rapid transit (MRT) and the high-speed train projects which if implemented successfully would result in rapid rise in the prices of land in Malaysia. This will boost the value of PC whose core businesses are in property development, construction, and education.

Stock prices are extremely difficult to predict. So, as usual, you buy or sell at your own risk absolutely

Monday, October 4, 2010

Malaysian Genomics Resource Centre Berhad Target Price fair Value RM1.22 RM1.26

Malaysian Genomics Resource Centre fair value target price
MGRC stock share Analysis Research Report
MGRC Target Price Fair Value
- PEGGY Method Blogspot stock share news
Malaysian Genomics Resource Centre Berhad IPO Price RM1.08
-
Let us do my PEGGY method test (BASED ON RM1.08 MGRC IPO price):
PE: P/E ratio 10.9x, Jun 2010 (EPS RM0.099)
G: Growth 22% per year. July 2011 - Jun 2013 (EPS RM0.18)
G: Gearing Net Cash
Y: Yield (Dividend). Net 1.1% for year end Jun 2011
Figure I saw from the rhbresearch web
-
POLITEMARKET'S COMMENT:
PE ratio is 10.9x, not low.
The Growth is 22% per year, good
Gearing- No gearing, net cash. Good
Dividend yield- net 1.1%, low
-
The PE is not low, so not really getting a bargain.
The dividend is low. RHB said MGRC does not have any specific dividend
policy, so they have assumed a conservative net dividend payout ratio of
10%, which implies an annual yield of 1.0-1.5%.
-
But forecast growth rate average 22% per year for the next few years.
This is very good. By end of Jun 2013, the PE will then be 6x only.
-
If they can achieve the growth forecast, then can consider buying. Even
the dividend is low, because RHB already said they don't have any idea
about the dividend, and they put a conservative figure. MRRC is having
net cash.
-
Question is can they achieve what the profit forecast?
Or I rephrase it, can RHB accurately predict their profit growth?
-
I find that IPO stock very hard to predict, I always got it wrong.
Most brokers they just do a one time research on the IPO only. So when
the prices keep going down or up, you actually don't know what is
happening. Any changes in the fundamental also we are not aware.
-
Malaysian Genomics Resource Centre Berhad fair Value RM1.22 by RHB.
Malaysian Genomics Resource Centre Bhd fair value target price RM1.26 by
TA Securities Holdings Bhd.
-

BPuri Target Price Fair Value Stock Share Research

BPuri Analysis Research Report
Bina Puri Target Price Fair Value
- PEGGY Method Blogspot BPuri share stock news
Bina Puri Holdings Bhd (5932)- RM1.25
-
Let us do my PEGGY method test:
PE: P/E ratio 7.2x, Dec 2010 (EPS RM0.174)
G: Growth 13.4% per year. Jan 2011 - Dec 2011 (EPS RM0.198)
G: Gearing 100%+
Y: Yield (Dividend). Gross 3.2%
-
-
POLITEMARKET'S COMMENT:
PE ratio is 7.2x, ok.
The Growth is 13.4% per year, ok
Gearing- High- bad
Dividend yield- Gross 3.2%, normal
Figure I saw from Kenanga research
-
This stock PE is low and dividend is normal.
Got forecast growth but the forecast is just until Dec 2011
-
I focus on Three Issues on BPuri, GROWTH, GEARING, PROFIT MARGIN
Why Bpuri manage to win the new LCCT project?
Because it is a joint venture with UEM.
Why UEM want to join venture with Bina Puri.
That I don't know. Maybe they have established a close working relationship with big players. Now that they have won some big projects, already enhanced their image? And I personally believe that they do have the expertise that is why they managed to win some big projects.

Gearing.
Yes, it is high. But I am not sure whether this is due to their nature of business. They still pay reasonable dividend every year. They still make profit for the past few years even the economy was very bad during crisis in 2008.

Profit Margin
They have very huge projects that they have completed. But the profit margin is always very low. However, we can see there is some improvement on it.


Conclusion:
Avoid Bina Puri, if....
1)you think the gearing is high and you unwilling to take the risk.
2)you think the profit margin is low and there may not be any improvement
3)you think the company may not have strong growth beyond 2011


Accumulate Bina Puri, if...
1) You are not concerned on the high gearing as this is the risk to take if want to grow the company. You think their gearing will getting lower and lower.
2) You think that Bina Puri has improved significantly and will continue to win major projects. With low PE and reasonable dividend, you trust the management and you believe this stock will continue to grow.
3) You trust the expert, that is Kenanga, who have a BUY call on Bina Puri with Bina Puri target price fair value of RM1.77

Sunday, October 3, 2010

Stock Share News or Rumours?

UEM Group Bhd Stock Share News.
UEM is not aware of any market talk of a buyout of the group by MMC Corporation Bhd. Based on media speculation reports, MMC has made an offer to buy UEM Group for RM15.6 billion. UEM Group's listed entities include Plus Expressways Bhd, Faber Group Bhd, UEM Land Holdings Bhd and Time Engineering Bhd.
Source: Bernama and Business Times news 1 October 2010.


KBUNAI Stock News.
Proposed Integrated Resort (IR) at Karambunai in Sabah could potentially
include a casino.
Source: Malaysian Insider news 22 September 2010.
-
PLUS Expressway Bhd Stock News
A weekly business newspaper reported that Khazanah Nasional Bhd may sell
its stake in the company.
Source: Bloomberg 20 September 2010.
-
IJMLand stock news
Privatization. May be privatized.
Source: Malaysia Finance Blog quoting a local broker. 20 September 2010.

-
EASTERN & ORIENTAL BERHAD (E&O) share news
Are E&O shareholders looking at privatisation?
Source: The Edge 2 August 2010.
E&O would like to clarify that the Company has not received any notice
from any of its shareholders pertaining to plans to privatise the
Company. The Company is also not aware of any such plans by any of its
shareholders.
Source: E&O and Bursa. 2 August 2010.

-
Outdated news for info only.

Saturday, October 2, 2010

KFC Target Price Fair Value RM3.27

KFC Holdings Malaysia Target Price Fair Value RM3.27.
KFC stock price share price RM3.11
Kentucky Fried Chicken.

Replying a question.

No gearing with net cash. Due to the share split and warrant, my info on the PE and dividend is a bit outdated. I will update you again.

But I comment a bit on the growth. KFC will be opening two KFC outlets in India, the first halal fast food in India. Plan to open 12 outlets in India as part of the US$10 million project.

My question is why KFC Holdings Bhd can open KFC in India? There already got so many existing KFC in India. Why they are the first halal store?

But as KFC Holdings Bhd said it will be the first halal store, it is a very huge potential. Although the mamak percentage is low in India, but due to the large one billion population, 1% already more than 10 million.

Basing on the RHB outdated report, the PE now is quite high and dividend yield is not that attractive. The growth is more than 15% per year. With net cash in hand, KFC may continue to buy land as part of the expansion, and with increase in land value, this will be good for them. Also, with net cash, they may easily venture or buy over other businesses, profit will then increase again. I will update again if I have the updated research. The aboev KFC stock fair value is taken from RHB 30 August 2010 report.

On the personally level, I found out that my Malay and Indonesia friends prefer KFC than McDonald. For me, Mcdonald Vs KFC, KFC just of fried chicken, but McDonald got so many varieties. But they still prefer KFC.

MFlour stock share

Malaysia Flour Mills Stock.
Mflour. RM4.10

Replying question.

I don't have info on MFlour. But as you said, the PE is low. I have checked on their dividend, ok, reasonable. Got gearing, which may not be a concern as they have been paying dividend and mature industry. But I'm not sure on this.

So, the thing that you need to do is find out their Growth for the next few years and analyst MFlour target price fair value. If their earnings can grow at least 10% per year, then can consider a buy.
If less than 10%, then up to your decision. Although this stock is cheap with low PE and paying dividend, if no growth, then can be a bit hard for the price to increase. Or price may even come down if later report lower profit or negative growth.

PAMUKKALE - TURKEY Visit and Holiday

The strange and weirdly beautiful terraced pools of Pamukkale have been appreciated for over two millennia and yet still remain a little known wonder of the world. Thousands of years ago earthquakes, which are common in Turkey, created fractures that allowed powerful hot springs to bring water rich in calcium carbonate to the surface. As the water evaporated the chalky material condensed and formed layer-upon-layer of Travertine and thus slowly built up the walls over time in the same way that a stalactite forms in a cave. Apparently Pammakale means Castle of Cotton. Source: Aquiziam

Friday, October 1, 2010

Genting Singapore Target Price SUDAH POTONG, NAIK BALIK

1 October 2010
Genting Singapore target price raised to S$2.38 from S$1.85.
OCBC Investment Research. Maintained its "buy" rating.
-
30 September 2010
Macquarie Cuts Genting Singapore Target Price to S$1.75 from S$2.10.
-
27 September 2010
Deutsche Bank lifts Genting Singapore target price fair value to$2.60 from $1.93.
-
-
More info on Genting Singapore, visit my label titled Genting Singapore

Market Talk- Buy Encorp?

A: What to buy?
B: Encorp can?
A: Why? Give me five reasons.
-
B:
1) Sarawak stock (Sarawak election).
2) Market sentiment still ok
3) Related to new GW Plastics IPO
4) Got corporate exercise rights issue
5) Chart ok.
-
A: Sure? Please don't bring me to Holland. Lose money on your IJMLand-wa
B: Then revenge loh.

-

ECM StockQuest Contest

ECM StockQuest Contest.

Here are some of the weaknesses in the ECM StockQuest Contest:

1.The ECM StockQuest Contest list of counters that are available to
trade keep changing and not consistent. Participant manage to buy the
counters but unable to sell due to not allow to trade. Sometimes even
ask you to refer to guide book that you don't even know where to find.
2.They said penny stock that is less than RM1.00 is not allowed to
trade. But so many players manage to key in penny stocks.
3.System is so so so so slow.
4.Orders unable to match. Don't know how they match it.
5.Portfolio got negative quantity.
6.After bought it, not allow to sell. Tried again, then only can.
7.You have cash RM98k, but can only but RM92k. Limit mess up.
8.etc etc
-
If this is real, do you still want to use the system or trade with them?
They should make sure everything is running smoothly then only launch
it.
-
Decided not to participate.
-
But one thing good about ECM is they do call you back. That I really
appreciate. Better than OSK contest. OSK can't answer your question and
ask you post in facebook. You think everyone know how to use facebook?
-
Anyway, thanks ECM for organize the contest to make more people,
especially the younger generation to have more knowledge on trading in
stock market.
-

Bursa Malaysia Fair Value Traget Price RM15.00

http://politemarket.blogspot.com/2010/08/buy-bursa-rm1500-fair-value.html

Disclaimer

Disclaimer Clause
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This blog also is not an advice, recommendation or an invitation to buy or sell or invest in anything, eg shares, futures, derivatives, gold, etc. Consult your investment adviser before making any decisions.
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