27 January 2010

good morn guys...dj down 2.57pts...

KUALA LUMPUR: Key regional markets including Bursa Malaysia will see
more volatile trade with more downside pressure again on Wednesday, Jan
27 after US stocks slipped late on Tuesday.
Investors’ worries about political and regulatory developments
offset solid earnings and improved consumer confidence data, according
to Reuters.
The Dow Jones industrial average shed 2.57 points, or 0.03 percent,
to 10,194.29. The Standard & Poor's 500 Index fell 4.61 points, or
0.42 percent, to 1,092.17. The Nasdaq Composite Index lost 7.07 points,
or 0.32 percent, to 2,203.73.
Based on Bloomberg data, all key regional markets are in the
negative zone as of Tuesday, year-to-date except for the FBM KLCI and
Jakarta Composite Index.
The Nikkei 225 is down 2.1% this year, Hang Seng Index a whopping
8.06%, Shanghai Composite Index 7.86% Taiwan’s Taiex 7.2% and
Singapore’s Straits Times Indexx has fallen 5.22%. FBM KLCI is
marginally higher by 0.8% and Jakarta 1.74%. (theedgemalaysia)

Stocks to watch: Hong Leong Bank, EONCap, Sime Darby, Sunrise
Stocks to watch include HONG LEONG BANK BHD [registerQuotes("HLBANK", "HLBANK_span");], EON CAPITAL BHD [registerQuotes("EONCAP", "EONCAP_span");], MULPHA INTERNATIONAL BHD [registerQuotes("MULPHA", "MULPHA_span");], REDtone, Sime Darby and SUNRISE BHD [registerQuotes("SUNRISE", "SUNRISE_span");].
Also in focus will be glove makers, whose shares have come under
selling pressure after the recent run-up despite the optimistic outlook
for the sector, REDTONE INTERNATIONAL BHD [registerQuotes("REDTONE", "REDTONE_span");] and MALAYSIAN PACIFIC INDUSTRIES [registerQuotes("MPI", "MPI_span");] Bhd (MPI).
Hong Leong Bank is maintaining its offer price of RM7.10 per share
for EONCap despite the target company's board stating that the price is
too low. The offer for the takeover ends tomorrow, with Hong Leong Bank
saying it would walk away if EONCap rejects its offer price.
The Edge FinancialDaily reports that the board of EONCap would meet again today, to decide whether to accept the offer.
Meanwhile, news report say Mulpha is showing interest in the group
and has written to Bank Negara to start talks to acquire a stake in
EONCap.
The Minority Shareholder Watchdog Group (MSWG) has come out strongly
to state that HL Bank’s offer of RM7.10 per share is not a fair price
and has called on EONCap shareholders to reject the offer.
Sime Darby Property Bhd and Sunrise Bhd have teamed up to undertake a RM1 billion project.
They will jointly develop three lots of freehold commercial land
measuring 20.95 acres in the 180-acre Bukit Jelutong with a gross
development value (GDV) of around RM1 billion.
REDtone launched its Internet Protocol TV (IPTV) channel branded as
DETV, with the initial content from Chinese state broadcaster CCTV and
expects to rake in RM6 million in revenue annually, less operational
costs with a 10,000 customer base.
REDtone believes the move is complementary to existing business of
providing broadband and telco services. REDtone posted stronger 2Q09
results of RM1.58 million in net profit from RM1.19 million in the
preceding quarter.
MPI posted an impressive set results for the second quarter ended
Dec 31, 2009, with net profit of RM25.71 million compared with net loss
of RM14.73 million a year ago as the sector's outlook improved.
Revenue rose 18% to RM346.57 million from RM293.51 million a year
ago. Earnings per share were 13.19 sen compared with loss per share of
7.56 sen. (theedgemalaysia)

Market slips as caution offsets earnings

NEW YORK: U.S. stocks slipped late on Tuesday, Jan 26 due to
trepidation over churning political and regulatory developments,
offsetting solid earnings and improved consumer confidence data,
according to Reuters..
Gains faded late as investors turned cautious before the Federal
Reserve's policy announcement and President Barack Obama's State of the
Union address on Wednesday night.
The Fed's Open Market Committee began a two-day meeting on Tuesday
against the backdrop of a Senate debate over Chairman Ben Bernanke's
reconfirmation. The meeting is expected to yield few policy shifts,
with a Fed statement on the economy and interest rates expected on
Wednesday.
"Most people expect the FOMC to leave rates unchanged. They are not
expecting a big statement at this time just because Bernanke still
hangs on the cliff," said Kenneth Polcari, managing director of ICAP
Equities in New York.
"People are much more interested in what the president is going to
say -- how his presentation is going to come across, does it look like
he is changing the message, is he going to remain true to the values
that he ran on, is he succumbing to more of a populist vote?"
The Senate is expected to vote this week on confirmation of Bernanke
for a second term as Fed chairman. Bernanke has been criticized for the
Fed's handling of the financial crisis, but Senate leaders predict he
will be confirmed.
U.S. stocks fell 5 percent in a three-day span to close out last
week after the Obama administration proposed new restrictions on large
banks.
After a lower open, stocks rose on data showing consumer confidence
rose for a third straight month in January to its highest level since
September 2008, easing concerns about individual spending.
The Dow Jones industrial average shed 2.57 points, or 0.03 percent,
to 10,194.29. The Standard & Poor's 500 Index fell 4.61 points, or
0.42 percent, to 1,092.17. The Nasdaq Composite Index lost 7.07 points,
or 0.32 percent, to 2,203.73

Who bought yesterday today start hosay............

morning guys

hlk wrote:good morn guys...dj down 2.57pts...

during bearish sentiment...again...all good news will be ignore and bad news will be amplify

the good news is surprised consumer price index and good company earning, in normal case this two factor sure will propel dow jones at least 100 to 200 points higher.

the consistent bad news is the china bank tightening measure, the obama bank regulation and bernanke appointment. only until these three factors (the biggest pull factor that overwhem all good news that pull stock down) settle the dust, i cant expect worldwide market will rebound. for now be prepare for market fruther going down. of course market conditions might change if there are new catalyst emerge, be it good or bad

bmwlover wrote:Who bought yesterday today start hosay............

i guess today start to shiver man good1

maximent wrote:

bmwlover wrote:Who bought yesterday today start hosay............

i guess today start to shiver man good1

if want to buy can buy today or anytime mah..at least no need to go through a night of worriness(yesterday when dow jones show -70 point futures), my thought lo

stock to watch genting, sime

today market will drop ..be careful..

0056 GMT [Dow Jones] KLCI likely to open lower, taking cue from some regional markets' weakness and marginally weaker U.S. stocks overnight, says dealer with local brokerage; tips index to move in tight 1278-1288 range. "Trading may be slow as investors may refrain from taking aggressive positions ahead of the FOMC meeting later tonight," says dealer. "Bank Negara's policy statement yesterday, which suggested a rate hike could come be sooner than expected, may also weigh stocks," says dealer. Thinks banking, property and construction plays are likely to fall after recent gains. KLCI closed down 1.1% at 1283.02 yesterday. (ECH)

yesterday consumer price index save the dow jones but still dj end up in red, but if there are bad news today...i expect dow jones might go holland1 say 100 points

guys wait till 10 20 minute first...if want to buy something

never buy coma stock like what investlah.com member doing, coma stock will turn out to be a big snake for they cannot run with their quantity or simply prices open gap down

ammb deep deep holland1 i like it good1

kyoong sell ur gens c1 on strength...

Greedy when other fearful................... [You must be registered and logged in to see this image.]

If HSI drop below 19000...................Congratulation to all stock trade................wait for another crisis..............

But if Market rebound................will go for another 20% bullish...........index UP.......

buy back gens-c1 0.265, get 450lot only

bmwlover wrote:Greedy when other fearful................... [You must be registered and logged in to see this image.]

i am one of the most greedy man...but be a greedy rich man...not a daring poor cowboy that go for suicide....look at ammb and maybank....or genting ot other stocks....if buy yesterday today sure po kai

ammb son , dont even dare to put price =.=

Be fearful when other greedy..............be greedy when other fearful...........Hope i can hit super dinasaur..........400% in SGX call warrant index.............

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

look at genting open 7.17 and now drop 10 cents..that's why i said wait till 10 20 minutes no need hurry..else kena trap1 trap2