7th March 2012 Wednesday

US EURO BIG FALL...

Dow closed at 12,759.15 -203.66 -1.57%
Nasdaq 2,910.32 -40.16 -1.36%
S&P 500 1,343.35999 -20.97 -1.54%
FTSE 100 5,765.80 -109.02 -1.86%
DAX 6,633.11 -233.35 -3.40%
CAC 40 3,362.56 -124.98 -3.58%


How about BOLEH-LAND!

....I think will drop......

morning....
still got some positions in DRB CF CH....E&O CB....
haiz....do I CL?

Good morning Max sifu and comrades [You must be registered and logged in to see this image.]

kppl80 wrote:morning....
still got some positions in DRB CF CH....E&O CB....
haiz....do I CL?

Heavy position or small play only bro?

Market Thoughts

US stocks closed sharply lower last night, with the Dow posting its first triple-digit decline in 2012, fueled by fears over a Greek default and amid economic growth concerns. Similarly, European markets extended losses on rumors, later denied by Athens, that Greece would have to push back Thursday's deadline for agreeing a debt swap with private creditors, and avert a default that would endanger debt-laden Italy and Spain.

The FBM KLCI recently rallied but failed to break its resistance and all-time high of 1597 points. The bearish sentiment on Greece would overspill into the local market and the KLCI's immediate support is seen at 1530 points.

Malaysia News & Highlights

Takaful Malaysia nears deal on Indonesian stake sale
Syarikat Takaful Malaysia Bhd (Takaful Malaysia) is close to selling a stake in its Indonesian unit to a local partner to expand its distribution network in the republic. Group managing director Datuk Hassan Kamil said the insurer will consider issuing new shares as well. (Source: Business Times)

PPB sets 3-year capex of RM507m to boost growth
PPB Group Bhd has put aside some RM507 million as capital expenditure (capex) for this year till 2014. The bulk of the capex will go to its grains trading and flour and feed milling businesses managed by its wholly-owned subsidiary FFM Bhd. (Source: Business Times)

Petronas, BASF seal RM4b pact
Petronas and BASF have taken the next step forward towards realising the announced RM4 billion investment that will expand their partnership in Malaysia. The partnership involves projects at their existing ventures in Kuantan and at a new site within Petronas' proposed Refinery and Petrochemical Integrated Development (Rapid) complex in Pengerang, Johor. These projects are to be implemented between 2015 and 2018. (Source: Business Times)

Gamuda-MMC clears technical evaluation for MRT
MMC-Gamuda Joint Venture Sdn Bhd, Japan-based Taiseh Corp and one of the two Chinese bidders, either Sinohydro or China Railway Engineering Corp are understood to have cleared the technical evaluation stage for the tunnelling works, for the Klang Valley Mass Rapid Transit’s Sungai Buloh-Kajang line. (Source: The Edge)

SapuraCrest Petroleum secures US$54m contract from Petronas Carigali
SapuraCrest Petroleum Bhd has secured a US$54 million contract from Petronas Carigali Sdn Bhd to provide a tender rig including a mobilisation fee. The company said the contract was for 12 months starting April 1 with an option to extend for another 12 months. (Source: The Edge)

CEO to park 73 of his privately-owned properties worth RM1.1bil into Dijaya
Tan Sri Danny Tan Chee Sing, the substantial shareholder and group chief executive officer of Dijaya Corp Bhd, will inject 73 of his privately-held properties with a market value of RM1.1bil for approximately RM948.7mil into Dijaya Corp, making it one of the largest related party transactions in Malaysia. (Source: The Star)

YTL Comms to break even
YTL Communications Sdn Bhd, which is part of YTL Corp Bhd, is moving closer to profitability with the launch of its Unlimited Super Postpaid Plans, its chief executive officer Wing K. Lee said. The company is targeting to get 500,000 subscribers for the new plans by the end of this year, bringing its total Yes subscribers close to a million, which is the break-even figure for the company. (Source: The Star)

Kimlun wins UM Land apartment contract
Kimlun Corp Bhd has secured a contract worth RM68.29mil from United Malayan Land Bhd (UM Land) for the construction of apartments and ancillary buildings in Johor Bahru. (Source: The Star)

Today can collect some cheap counter..... Lol

WinningHeart wrote:

kppl80 wrote:morning....
still got some positions in DRB CF CH....E&O CB....
haiz....do I CL?

Heavy position or small play only bro?

200 - 500 lots...

Foreign News

S&P 500 Posts Its Worst Drop of Year; Commodities Fall, Treasuries Climb
Stocks fell a third day, with the Standard & Poor’s 500 Index posting its worst drop of the year, and commodities slid after a report showed Europe’s economy contracted and as investors watched developments in a Greece debt-swap deal. U.S. Treasuries and the yen gained. The S&P 500 slid 1.5 percent, the most since Dec. 8, to 1,343.36 at 4 p.m. in New York, while the Dow Jones Industrial Average tumbled 203.66 points to 12,759.15. Gold, silver and copper futures lost at least 1.9 percent. The yen gained versus all 16 major peers and 10-year Treasury note yields fell six basis points to 1.95 percent.

Asian Central Banks May Be Nearing End of Interest-Rate Cuts on Oil Risk
Central banks in Asia will probably hold off on adding monetary stimulus this week as higher oil prices combine with diminishing concern of a euro-region meltdown to make the case for preserving firepower. South Korea and New Zealand will hold interest rates when the decisions are announced tomorrow, according to all economists surveyed by Bloomberg News. Indonesia will keep its key rate unchanged at 5.75 percent the same
day after an unexpected reduction last month, 15 of 16 economists told Bloomberg, while Malaysia will maintain borrowing costs for a fifth meeting a day later.

Euro Declines to a Two-Week Low as Region’s Economy Shrinks; Aussie Falls
The euro declined to a two-week low versus the dollar after a report showed the region’s economy contracted last quarter, adding to signs the European debt crisis is hampering global growth. Australia’s dollar weakened to almost a six-week low against the dollar as Reserve Bank Deputy Governor Philip Lowe said the nation must be
alert that the currency may be too strong. The yen gained for a fifth day against the 17-nation currency as more than 20 percent of Greece’s private creditors have agreed to debt restructuring. Norway’s krone and Canada’s dollar slumped as oil prices declined to a two-week low as the European Union offered to restart talks
with Iran.

ECB Balance Sheet Is 30% Bigger Than Germany’s Economy After Lending Boom
The European Central Bank’s balance sheet surged to a record 3.02 trillion euros ($3.96 trillion) last week, 31 percent bigger than the German economy, after a second tranche of three-year loans. Lending to euro-area banks jumped 310.7 billion euros to 1.13 trillion euros in the week ended March 2, the Frankfurt- based ECB said in a statement today. The balance sheet gained 330.6 billion euros in the week. It is now more than a third bigger than the U.S. Federal Reserve’s $2.9 trillion and eclipses the 2.3 trillion-euro gross domestic product of Germany, the world’s fourth largest economy.

(Source: Bloomberg)

Bursa berserker wrote:Today can collect some cheap counter..... Lol

hahaha..indeed

crystal wrote:

Bursa berserker wrote:Today can collect some cheap counter..... Lol

hahaha..indeed

Let me know what to buy??? Haha

good morning!

Bursa berserker wrote:

crystal wrote:

Bursa berserker wrote:Today can collect some cheap counter..... Lol

hahaha..indeed

Let me know what to buy??? Haha

ok..lets fishing.

kppl80 wrote:

WinningHeart wrote:

kppl80 wrote:morning....
still got some positions in DRB CF CH....E&O CB....
haiz....do I CL?

Heavy position or small play only bro?

200 - 500 lots... [You must be registered and logged in to see this image.]

Regional seems not heavily affected by DJ & Europe falls ... maybe slowly heating up [You must be registered and logged in to see this image.]

Use WYSIWYG ... if mum sell down ... don't hesitate to CL ... can buy back lower lower anytime if see opportunity again ...

I think later Max sifu will come out and lead us [You must be registered and logged in to see this image.]

WinningHeart wrote:

kppl80 wrote:

WinningHeart wrote:

kppl80 wrote:morning....
still got some positions in DRB CF CH....E&O CB....
haiz....do I CL?

Heavy position or small play only bro?

200 - 500 lots... [You must be registered and logged in to see this image.]

Regional seems not heavily affected by DJ & Europe falls ... maybe slowly heating up [You must be registered and logged in to see this image.]

Use WYSIWYG ... if mum sell down ... don't hesitate to CL ... can buy back lower lower anytime if see opportunity again ...

I think later Max sifu will come out and lead us [You must be registered and logged in to see this image.]

Thanks man...yah...watching apec markets to see....

good morning n klci open not very good.............

crystal wrote:

Bursa berserker wrote:

crystal wrote:

Bursa berserker wrote:Today can collect some cheap counter..... Lol

hahaha..indeed

Let me know what to buy??? Haha

ok..lets fishing.

sure tangkap drb-cf .24?

haiz!....to bad!.....i'm waching drb n dayang.....[You must be registered and logged in to see this image.]

Now that is what u call the 'Bolehland', still give u a glimmer of hope initially b4 suck u dry slowly like the the dry apricot under the hot sun.

Burn, burn, BURNNNNNN!!!!!!

GreenTea wrote:good morning n klci open not very good.............

+1 for the insightful wise statement

aam wrote:

GreenTea wrote:good morning n klci open not very good.............

+1 for the insightful wise statement [You must be registered and logged in to see this image.]

+1 for crony, sudah kaya tidak lupa kawan [You must be registered and logged in to see this image.]

take a rest frm battle...lots of arrows knives flying ard nt easy [You must be registered and logged in to see this image.]

phoenix777 wrote:take a rest frm battle...lots of arrows knives flying ard nt easy [You must be registered and logged in to see this image.]

... bring ur shield then

phoenix777 wrote:take a rest frm battle...lots of arrows knives flying ard nt easy [You must be registered and logged in to see this image.]

aiyaaaa...hand very itchy.....bought drb ch at 0.215[You must be registered and logged in to see this image.]

ejam77 wrote:

phoenix777 wrote:take a rest frm battle...lots of arrows knives flying ard nt easy [You must be registered and logged in to see this image.]

aiyaaaa...hand very itchy.....bought drb ch at 0.215[You must be registered and logged in to see this image.]

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