2 December 2011 Friday

morning

bo lang

morn ...

Stocks to watch: Tenaga, O&G, DRB-Hicom, LonBisc

KUALA LUMPUR (Dec 2): Investors should brace for some profit taking on Friday after two straight days of gains, propelled by liquidity move by major central banks that raised hopes policymakers would take more steps to tackle the crisis.

However, the surge in share prices of some of the companies might not reflect the cautious outlook for the October-December quarter especially after the less than impressive financial results in the earlier quarter.

Nevertheless, a sentiment-driven rally could also see another trading surge in penny stocks, which had been moderately reined in after Bursa Malaysia Securities clamped down on the trading in the securities of Harvest Court Industries.

Among the stocks to watch would be Tenaga Nasional, oil and gas-related companies, DRB-HICOM BHD [] and LONDON BISCUITS BHD [].

Tenaga has received a letter from the government that provides a fuel cost sharing mechanism to address the utility’s increased cost due to the gas shortage. This could see a rerating of the stock which had been impacted by high fuel costs.

The letter provided that Tenaga, Petronas and the government would each equally share the differential cost incurred by Tenaga due to dispatching on alternative fuels and also imports, from Jan 1, 2010 until Oct 31, 2011 amounting to approximately RM3.07 billion.

Oil and gas related companies could see trading interest after Petronas president and CEO Datuk Shamsul Azhar Abbas said on Thursday the RM300 billion as capital expenditure (capex) over five years was intact.

He had also said the national oil corporation’s growth agenda remains intact to meet rising long term demand for oil and gas. This could spur interests in the oil and gas companies.

Heavy users of electricity would have to take note of Shamsul’s statement that the era of subsidised gas was over.

“Growing reliance on cheap gas discourages end-users from pursuing energy efficiency,” he said, warning that the bulk of tomorrow’s gas requirements would be derived from imports at market prices. “The days of abundant subsidised gas are effectively over,” he said.

DRB-Hicom has issued RM500 million in nominal value of Sukuk in two tranches which would be used for working capital, projects and capital expenditure. The sukuk had been accorded a final rating of AA-IS by Malaysian Rating Corporation Bhd with a stable outlook.

London Biscuits Bhd’s private placement of 10.25 million new shares of RM1 each has been fixed at RM1 per share -- or 22% above the five-days volume weighted average market price up to and including Nov 30 of 82 sen per share. The placement shares represented 10% of its paid-up share capital.

FAVELLE FAVCO BHD [] is mulling plans to manufacture cranes in China following its acquisition of a 60% stake in a Shanghai Favco Engineering Machinery Manufacturing Co Ltd for 10.8 million renminbi or RM5.33 million.

It had subscribed for 10.80 million shares of 1.0 renminbi each in Shanghai Favco.

its a fryday....

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NiJ wrote:its a fryday....

huhuhuhuhuhuhuhu

good Fryday

NiJ wrote:its a fryday....

huhuhuhuhuhuhuhu

AbuAnakMajid81 wrote:

NiJ wrote:its a fryday....

huhuhuhuhuhuhuhu

good Fryday [You must be registered and logged in to see this image.]

is not a terrible friday at least [You must be registered and logged in to see this image.]

drb tiap tiap hari ada news

watch digi..digi bb can be traded for quite some times..bb premium is close to zero

the only few stock left

the other is afg and dialog

good morning sifu and all

watch digi for sudden spike up

maxims wrote:watch digi for sudden spike up

noted, sifu, keep watching

friends, come and join us in the chatbox

this one you can't find at Investlah

mornin all, in office so will be inchatbox layan2

wonder other forum will copy BC's high tech feature

gan chan mm really work so hard

good morning sifu max and comrades!!!

Asia Stocks Rise as U.S. Manufacturing Grows
By Kana Nishizawa - Dec 2, 2011 8:14 AM GMT+0800

Asian stocks (MXAP) rose, as better-than- forecast U.S. manufacturing expansion showed the world’s largest economy is weathering concerns that Europe’s debt crisis will damp global growth.
The MSCI Asia Pacific Index rose 0.3 percent to 117.43 as of 9:11 a.m. in Tokyo, headed for a 7.8 percent gain for the week. All 10 industry groups on the measure advanced, with more than three stocks gaining for each that declined.

Cals wrote:Asia Stocks Rise as U.S. Manufacturing Grows
By Kana Nishizawa - Dec 2, 2011 8:14 AM GMT+0800

Asian stocks (MXAP) rose, as better-than- forecast U.S. manufacturing expansion showed the world’s largest economy is weathering concerns that Europe’s debt crisis will damp global growth.
The MSCI Asia Pacific Index rose 0.3 percent to 117.43 as of 9:11 a.m. in Tokyo, headed for a 7.8 percent gain for the week. All 10 industry groups on the measure advanced, with more than three stocks gaining for each that declined.

cals u in germany or what?

copyright/patent it

in out 200 lot proton ch 8 and 8.5 happy already [You must be registered and logged in to see this image.]

Bursa berserker wrote:good morning sifu max and comrades!!!

morning

ESH wrote:in out 200 lot proton ch 8 and 8.5 happy already [You must be registered and logged in to see this image.]

congrtaz, so early online, today no need work?