29 January 2010

good morning...dj down again tis time its 115.7pts...haizzz...hope klci continue ystd bullish trend...

Wall St slides on tech results, global worry

NEW YORK: U.S. stocks dropped on Thursday, Jan 28 as poor outlooks from
Motorola and Qualcomm dented optimism in the TECHNOLOGY [registerQuotes("TECHNOLOGY", "TECHNOLOGY_span");] sector while worries about Greece's fiscal health dragged on sentiment, according to Reuters.

Qualcomm
Inc shares tumbled 14.2 percent to $40.48 and Motorola Inc slid 12.4
percent to $6.48 after both companies' earnings and outlooks fell short
of expectations.

"They did exactly what was supposed to happen
with the type of earnings report that they had," said Jonathan Corpina,
senior managing partner of Meridian Equity Partners in New York.

Several
bellwethers this quarter have beaten modest expectations and still have
been viewed unfavorably by the market, so these dismal reports were
viewed even more negatively.

After the closing bell, Microsoft
Corp edged up 1,7 percent to $29.64 after reporting quarterly profit
rose 60 percent, aided by solid sales of its new Windows 7 operating
system.

Also after the close, Amazon.com Inc added 2.8 percent
to $129.59 after the online retailer reported fourth-quarter results
that blew past Wall Street's profit estimates and forecast
stronger-than-expected revenue for early 2010.

Earlier, fears
that Athens will not be able to service its heavy debt unnerved
investors and prompted them to shun riskier investments, including
stocks, although the country's prime minister said it has not asked for
a bailout.

"Investors are looking headline to headline to
headline," Corpina added. "It was China and bank reform last week. It
was Obama's speech this week, and now today, it's Greece."

Stocks
added to losses during the regular session following news that U.S.
Federal Reserve Chairman Ben Bernanke was confirmed by the U.S. Senate,
causing the benchmark S&P 500 to close below the key support level
of 1,085.

"The market had already factored in that he was going
to be confirmed," said Quincy Krosby, market strategist at Prudential
Financial in Newark, New Jersey.

"It would have been a huge event had it (the confirmation) not happened."

The
Dow Jones industrial average fell 115.70 points, or 1.13 percent, to
end at 10,120.46. The Standard & Poor's 500 Index lost 12.97
points, or 1.18 percent, to 1,084.53. The Nasdaq Composite Index
declined 42.41 points, or 1.91 percent, to close at 2,179.00.

Manufacturer
3M Co, maker of Post-It notes and Scotch tape, fell 1.9 percent to
$80.75 despite reporting stronger-than-expected earnings.

The
global jitters overshadowed positive earnings from Dow component
Procter & Gamble Co, which added 1.4 percent to $61.68 after its
second-quarter earnings beat expectations and it raised its sales
outlook for the year.

Earlier on Thursday, government data
showed new orders for durable goods, or long-lasting manufactured goods
such as washing machines and refrigerators, edged higher in December,
and the number of workers filing claims for jobless benefits fell last
week, signaling that the U.S. economy remains on the path to recovery.
- Reuters

Stocks to watch: Hartalega, Mah Sing, Gadang, Sunrise

KUALA LUMPUR: Key regional markets including Bursa Malaysia are likely
to end January on a weak note as investors' sentiment continue to be
weighed down by external factors, including the US.

Investors
can expect a volatile day aain, with downside pressure on Friday, Jan
29 after US stocks dropped on Thursday, Jan 28 as poor outlooks from
Motorola and Qualcomm dented optimism in the TECHNOLOGY [registerQuotes("TECHNOLOGY", "TECHNOLOGY_span");] sector while worries about Greece's fiscal health dragged on sentiment.

The
Dow Jones industrial average fell 115.70 points, or 1.13 percent, to
end at 10,120.46. The Standard & Poor's 500 Index lost 12.97
points, or 1.18 percent, to 1,084.53. The Nasdaq Composite Index
declined 42.41 points, or 1.91 percent, to close at 2,179.00.

On
the home front, several companies have reported firmer, if not better
earnings. AmResearch also says the cyclical bull rally has not
prematurely ended and more upside for the market can be expected from a
fundamental standpoint.

Stocks to watch include HONG LEONG BANK BHD [registerQuotes("HLBANK", "HLBANK_span");] as it may have to raise capital to fund its acquisition of EON CAPITAL BHD [registerQuotes("EONCAP", "EONCAP_span");]'s (EONCap) entire assets and liabilities should it increase the offer price.

Other companies on the watchlist are HARTALEGA HOLDINGS BHD [registerQuotes("HARTA", "HARTA_span");], MAH SING GROUP BHD [registerQuotes("MAHSING", "MAHSING_span");], PETRA PERDANA BHD [registerQuotes("PETRA", "PETRA_span");], GADANG HOLDINGS BHD [registerQuotes("GADANG", "GADANG_span");], SUNRISE BHD [registerQuotes("SUNRISE", "SUNRISE_span");] and Perstima Bhd.

Hartalega
’s net profit jumped 67% to RM37.2 million in its third quarter ended
Dec 31, 2009 (3QFY10) versus RM22.23 million a year earlier on the back
of higher sales and improved efficiency. Revenue rose 25% on-year to
RM148.6 million from RM119.06 million.

Mah Sing aims for
property sales to climb 39% to RM1 billion this year as an economic
recovery spurs home purchases in the country.

Gadang's 2Q net
profit surged 88% to RM3.52 million from RM1.87 million a year earlier
mainly due to lower cost. Its revenue fell 6.9% to RM62.37 million from
RM66.98 million.

Perstima’s 3Q net profit surged to RM20.67
million from RM1.22 million a year earlier. This was attributed to the
timing difference between the selling price and the raw material price
changes coupled with positive contribution from a subsidiary. Its
revenue fell 25% to RM210.91 million from RM281.31 million.

Sunrise
posted net profit of RM34.52 million for the second quarter (2Q) ended
Dec 31, 2009 and is upbeat for the remaining second half due to the
locked-in unbilled sales of RM714.1 million as at Dec 31, 2009.

It expects profits from these future billings to be recognised substantially over the current and the following financial year.

In
Petra Perdana, executive chairman and CEO Tengku Datuk Ibrahim Petra
took another swipe at its suspended executive director Shamsul Saad
yesterday ahead of its Feb 4 EGM, demanding that the latter shed light
on some of the issues raised. (theedgemalaysia)

morning

morning guys

is another holland1 day for klci30..but klci100 may buck the trend hopefully...such as airasia and bursa

maximent wrote:is another holland1 day for klci30..but klci100 may buck the trend hopefully...such as airasia and bursa

trade with feeling ^^

kyoong wrote:

maximent wrote:is another holland1 day for klci30..but klci100 may buck the trend hopefully...such as airasia and bursa

trade with feeling ^^

luckily u sold ur bursa yesterday to minimize exposure..hope now u know why i sell if feeling not chun haha1

local fund are selling index link bluechip..better don touch

this will be a shiiiitttt tiger year soon..now still bull year...year of bull..left another two weeks or so then all luck may gone?

hard to say fund are switching to other second liner bluechip such as airaisa or gamuda etc under klci100..i duly hope

maximent wrote:this will be a shiiiitttt tiger year soon..now still bull year...year of bull..left another two weeks or so then all luck may gone?

ok, see can get any bounce back (dead cat) or not ahhaha

i also not so understand with usa market now..but definitely those that die1 and hurt1 are those buy and hold like grahamsmun..

again plantation and finance the key driver previously now are key loser to drag down klci

look at the trade..airasia may have possibility to go up or at least breakeven

29 Jan 2010 00:33 GMT DJ MARKET TALK: KLCI Likely To Open Lower; 1260-1270 Band Eyed

0033 GMT [Dow Jones] KLCI likely to open lower, taking cues from weaker U.S., Japan stocks, says dealer with local brokerage; thinks index should continue to consolidate in 1260-1270 range. "Tech stocks may fall, taking their lead from the U.S., while finance stocks may gain after Bank Negara says loan growth for December expanded 7.8% on year." Meanwhile, TA Research notes "overnight losses in U.S. and European markets sparked by concerns Greece may default could extend a correction in the region"; adds given weak buying momentum on blue chips, KLCI may undergo base building consolidation, but lower liners appear robust with healthy rotational plays to encourage retail participation. Tips immediate support at 1262, then 1255 (December low), while resistance at 1278. KLCI ends down 0.1% at 1264.51 yesterday.(ECH)

wrong analysis most of the time

congratulation1 to lily the kiasi trader..at least u r not kena sigh1 good1

Morning...guys & gals..
wah lily was the 1st to post wor recently. [You must be registered and logged in to see this image.]

mystock wrote:Morning...guys & gals..
wah lily was the 1st to post wor recently. [You must be registered and logged in to see this image.]

u any holding

without 3 of us this forum is dead die1..cry1

maximent wrote:

mystock wrote:Morning...guys & gals..
wah lily was the 1st to post wor recently. [You must be registered and logged in to see this image.]

u any holding

i plan to go in sunrise & sunway again....

kyoong u sold 500 lots air cf?

mystock wrote:

maximent wrote:

mystock wrote:Morning...guys & gals..
wah lily was the 1st to post wor recently. [You must be registered and logged in to see this image.]

u any holding

i plan to go in sunrise & sunway again....

any potential?

sunway can go in at 1.25 only man..from the chart..sunrise not workable

wah air-cf low down premium zzzz