29 February 2012

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

where is pak MAX?

Index is +5.xx

Kulim about to soar????

Chandra wrote:Kulim about to soar????

battle of 447...

max has no action on kulim yet?[You must be registered and logged in to see this image.]

Market Thoughts

European shares reversed losses and closed positive in choppy trading after U.S. consumer confidence readings came in better than expected. Meanwhile, US stocks logged a gain despite mixed economic reports, with the Dow finishing above 13,000 for the first time since May 2008 and the S&P closing at its best level in almost four years.

Despite the Dow and S&P 500 hitting their highest levels since 2008, the markets are not in the clear yet. The European Central Bank plans to announce today how much banks have taken out in low-cost loans, which is likely to set the tone for markets. There also is a handful of economic reports and comments from the US Federal Reserve.

On the local market, the FBM KLCI lost 2.31 points to 1556.73 points yesterday. We expect the index to remain sideways around 1560 points with a positive bias after the US markets hit their highest levels since 2008.

Malaysia News & Highlights

Oriental: No plans for privatisation
Oriental Holdings Bhd has denied news report speculating the company was embarking on a possible privatisation exercise. “We wish to deny the statements in connection with proposed privatisation and change in leadership of the company,” the company said in a filing to Bursa Malaysia yesterday. (Source: Business Times)

18 entities submit bids for 1,400MW power deals
A TOTAL of 18 entities comprising individual independent power producers (IPPs) or a consortium of IPPs have submitted bids to the Energy Commission (EC) for the supply of up to 1,400 megawatts (MW) of power to the country by 2016 and 2017. Energy Commission chairman Tan Sri Dr Ahmad Tajuddin Ali said prequalification will be carried out and the results will be known by March 19. (Source: Business Times)

AAX to axe Christchurch route next?
After announcing its withdrawal from popular European and Indian cities earlier this year, AirAsia X (AAX) is set to axe its KL-Christchurch-KL route, according to a source. “It may announce the cut as early as this week and suspend flights within the next few months,” the source added. (Source: The Star)

Genting enters banking sector
In its maiden foray into the financial sector, Genting Bhd has joined CIMB Group Holdings Bhd and two individuals as shareholders of an investment banking advisory outfit in Sri Lanka. Through wholly-owned Vista Knowledge Pte Ltd, Genting will have a 20% stake in CIMB Pte Ltd, which is 45% owned by CIMB Group via CIMB Securities International Pte Ltd. CIMB Pte Ltd's other shareholders are Alex Lovell (20%) and Reshani Dangalla (15%). (Source: The Star)

Silver Bird suspends 3 key executives
Bread and confectionary maker Silver Bird Group Bhd’s board is understood to have suspended three key executives, including managing director Datuk Jackson Tan Han Kook, executive director Derek Ching Siew Cheong and the general manager with immediate effect, pending the outcome of an internal investigation into what is alleged to be financial irregularities, sources said. (Source: The Edge)

TSM shareholders in RM159m takeover deal
Shareholders of TSM Global Bhd, who own 28.07% of the paid-up share shares, have offered to acquire all the business, including assets and liabilities, from RM159.24million or RM1.25 per share. TSM said it had received the offer letter from West River Capital Sdn Bhd- a special purpose vehicle in which TSM directors Datuk Lim Kheng Yew and Lim Tze Thean own 60:40 of West River. (Source: The Edge)

Foreign News

Dow Closes Above 13,000 for First Time Since ’08
U.S. stocks rose, sending the Dow Jones Industrial Average to its first close above 13,000 since 2008, as better-than-estimated consumer confidence data and a drop in oil bolstered optimism in the world’s largest economy. The Standard & Poor’s 500 Index increased 0.3 percent to 1,372.18 at 4 p.m. New York time, gaining for a fourth day, the longest streak since Jan. 23. The Dow advanced 23.61 points, or 0.2 percent, to 13,005.12.

Consumer Confidence Rises to One-Year High
Confidence among U.S. consumers climbed to a 12-month high in February, signaling household spending will help sustain the expansion. The Conference Board’s index increased more than forecast, to 70.8 from 61.5 in January, figures from the New York-based private research group showed today. Economists projected the gauge would climb to 63, according to the median estimate in a Bloomberg News survey.

European Investment Bank Said to Share ECB Exemption From Greek Writedowns
The European Investment Bank, owned by the 27-member bloc, is getting exemptions from Greek debt writedowns in the same way as the euro area’s central bank, according to two regional officials familiar with the matter. The European Central Bank negotiated a deal to avoid the 53.5 percent loss on principal that’s costing private investors as much as 106 billion euros ($143 billion).

Greece Gets Vote on Austerity Implementation
Greek Prime Minister Lucas Papademos secured approval of a bill on implementing austerity measures to secure a second bailout package from the European Union and International Monetary Fund in Athens today. A total of 202 lawmakers voted in favor and 80 against, Acting Parliament Speaker Grigoris Niotis said in remarks carried live on state-run Vouli TV.

(Source: Bloomberg)

o.o...ooo... Kulim start uploading?

morning i just wake up [You must be registered and logged in to see this image.]

Chandra wrote:

Wonderful World wrote:o.o...ooo... Kulim start uploading?

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

typo..unloading...discharging???

kulim ...nothing wrong just be patient..now the stock become inactive..i try find way make it active [You must be registered and logged in to see this image.]

maxims wrote:kulim ...nothing wrong just be patient..now the stock become inactive..i try find way make it active [You must be registered and logged in to see this image.]

Wahhhh index is increasing [You must be registered and logged in to see this image.]

Wonderful World wrote:

maxims wrote:kulim ...nothing wrong just be patient..now the stock become inactive..i try find way make it active [You must be registered and logged in to see this image.]

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

my avatar posting so chun..perfect number...mean kulim sure up..we got to superstitious a bit..whatever maxims said...and believe just follow guys [You must be registered and logged in to see this image.]

kulim might have big war later..stay tune[You must be registered and logged in to see this image.]

good morning!

e&o

大市已动，无中生有，远交近攻， 顺手牵羊。