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01 August 2011

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01 August 2011 Empty 01 August 2011

Post by hlk Sun 31 Jul 2011, 01:21

Cash Cash Cash Cocktail Cocktail Cocktail Cash Cash Cash Dancing Dancing Dancing Cash Cash Cash Party Party Party Cash Cash Cash
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01 August 2011 Empty Re: 01 August 2011

Post by hlk Sun 31 Jul 2011, 01:23

Stocks to watch Jotech, AIC, AutoV, Chin Teck [b]

KUALA LUMPUR: The local stock market is expected to remain on tenterhooks in the week beginning Monday, Aug 1 on emerging worries of a potential double-dip global recession.

With just days before the US runs out of cash to pay all of its bills, a deadlock in reaching a consensus on the world’s largest economy’s debt ceiling has just about rattled most global markets.

Furthermore, rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns that a Greek rescue package has done little to halt the spread of Europe's debt crisis.

Given the slew of negative newsflow, trading at the local stock market could remain sluggish and the FBM KLCI could well extend its losses after dropping more than 30 points in July.

Meanhile, stocks that could be in focus on Monday are JOTECH HOLDINGS BHD [], AIC CORPORATION BHD [] and AutoV Corporation Bhd, Chin Teck PLANTATION []s and TASEK CORPORATION BHD [].

Jotech, AIC Corp and AutoV resume trade following Temasek Formation Sdn Bhd (TFSB), a special purpose company, proposing to acquire their entire interests including assets and liabilities for a total of RM696 million.

TFSB, which is owned by Jotech executive chairman Datuk Goh Tian Chuan, will then merge the companies to create a larger entity.

Under the exercise, the company is offering 18 sen for each Jotech share, RM1.80 for each AIC share and RM2.38 per AutoV share.

Based on the above, the proposed swap ratios are three new TFSB shares for every two existing Jotech shares; 15 new TFSB shares for every 1 existing AIC share and 119 new TFSB shares for every six AutoV shares.

Goh last Friday said the merger would create a larger manufacturing group with diverse customer portfolios in a wide range of industries comprising medical and life sciences, automotive industry, the electrical and electronics industry (including the semiconductor industry).

Chin Teck declared a second gross interim dividend 30 sen per share in respect of the financial year ending Aug 31, to be paid on Aug 26.

Its net profit for the third quarter ended May 31, 2011 surged to RM24.18 million from RM10.89 million a year ago. Revenue for the quarter increased to RM45.04 million from RM29.62 million in 2010.

Tasek could see continued interest after it declared a gross interim dividend of 20 sen per share for FY ending Dec 31, 2011 after its net profit for the second quarter ended June 30, 2011 rose to RM24.21 million from RM23.11 million a year earlier.
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Post by hlk Sun 31 Jul 2011, 01:31

Choppy trade ahead on KL bourse



Bursa Malaysia is likely to be choppy next week ahead of the August 2 deadline for US lawmakers to raise the debt ceiling, dealers said.

With the US debt standoff continuing to dominate investor psychology, the benchmark FTSE Bursa Malaysia KLCI was expected to test the crucial psychological level of 1,545 points.

"The ability to rebound above the 1,545 points level over the next few days will definitely be positive suggesting the 1,560 level as the next target and the end of the debt saga," a dealer said.

However, any breakdown below the 1,545 level would be the first warning sign that a major peak has been completed with more downside to come possibly towards the 1,530 level as the near-term target, an analyst said.

Affin Investment Bank Head of Retail Research Dr Nazri Khan said some support for the KLCI was expected, partly due to positive regional spillover, with foreign investors returning to the country.

He pointed out that latest trading statistics indicated that foreign equity trading in the local bourse had risen above 30 per cent for the first time after being depressed since 2009.

Nazri said the government's decision to add more measures to combat inflation, such as a new price-control mechanism and a new National Key Result Area to deal with rising cost of living, will be supportive for the local benchmark.

"We strongly believe domestic bank stocks would be able to weather the crisis given their limited exposure to US dollar denominated bonds and well capitalised position," Nazri told Bernama.

He said investors should avoid highly geared companies that are dependent on foreign credit and pick cash rich companies which can seize mergers, acquisitions or privatisation opportunities in the event of a market downturn.

For the week just ended, persistent selling pressure saw the FBM KLCI end 16.25 points lower at 1,548.81, from 1,565.06, previously.

The Finance Index lost 183.52 points to 14,811.13, the Industrial Index fell 40.16 points to 2,827.74 but the Plantation Index rose 38.09 points to 7,736.2.

The FBM Emas Index decreased 83.64 points to 10,682.79.

Total weekly volume increased to 5.13 billion shares, worth RM8.07 billion, from 4.9 billion shares, valued at RM9.24 billion, last week.

The Main Market turnover rose to 3.6 billion shares, worth RM7.84 billion, from 3.33 billion shares, valued at RM8.98 billion, previously.

Volume on the ACE Market was higher at 999.5 million, valued at RM277.46 million, from 1.040 billion shares, worth RM166.03 million, registered last week.

Warrants advanced to 494.04 million shares, valued at RM96.7 million, from 521.42 million units, worth RM90.73 million, recorded previously. -- Bernama


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Post by sun Sun 31 Jul 2011, 02:04

wow! so fast ya hlk, HUAT [You must be registered and logged in to see this image.]

cya on Monday [You must be registered and logged in to see this image.]
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01 August 2011 Empty Re: 01 August 2011

Post by hlk Sun 31 Jul 2011, 03:08

gaga wrote:wow! so fast ya hlk, HUAT [You must be registered and logged in to see this image.]

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

paiseh i wanted 2 post d news here ... Tongue
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Post by thk Sun 31 Jul 2011, 16:25

The Republican and the democrat are still locking their horns Thumbs Down
Shaky Monday Phew
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Post by hlk Sun 31 Jul 2011, 17:07

Moody's expects to affirm US rating, negative outlook

NEW YORK: The United States will likely keep its top-notch credit rating from Moody's for now, despite the "limited magnitude" of the deficit reduction plans being discussed in Washington, the ratings agency said on Friday.

But Moody's warned in a report that the confirmation of the Aaa credit will likely come with a negative outlook, meaning there is a risk of a downgrade in the medium term.

That decision will depend on the U.S. economic performance in 2012 and prospects for future deficit-reduction measures, Moody's analyst Steven Hess said.

"If we're convinced that the economy takes off in 2012 and shows very strong growth, that makes the whole process of fiscal consolidation somewhat easier," Hess told Reuters in an interview.

The report from Moody's came four days before the United States says it will run out of cash to pay all of its bills.

In Washington, the House passed a deficit plan that likely will die in the Senate, and President Barack Obama told lawmakers before the vote to stop wasting time and find a way "out of this mess."

Moody's issued the report to clarify its position on the U.S. debt situation, its Chief Risk Officer Richard Cantor said in the same interview.

"Sometimes there is confusion and all the ratings agencies are grouped together," he said.

Standard & Poor's has threatened to cut U.S. ratings in the next few months if the lawmakers fail to come up with a meaningful plan to cut the nation's deficit.

Both agencies seem to agree that deficit-reduction measures of around $4 trillion would be enough for the United States to avoid a rating downgrade.

The difference is that, while S&P has indicated it may downgrade the United States by mid-October if it doesn't see a meaningful deficit-reduction plan in place now, Moody's is willing to give the government more time before making that decision.

PRIORITIZING DEBT PAYMENTS

Moody's expects the government will continue to honor bond payments even if lawmakers fail to raise the debt ceiling before Aug. 2.

"If the debt limit is not raised before Aug. 2, we believe that the Treasury would give priority to debt service payments and could thus postpone a potential debt default for a number of days," Moody's said in its report.

"Revenues would be more than adequate for some period of time to meet those payments, although other outlays would be severely reduced as a result."

The ratings agency warned, however, that a debt default would likely lead to a rating downgrade even if it was "swiftly cured and investors suffered no permanent losses."

Lawmakers in Washington were set to work through the weekend, with a recently-passed plan by Republican House of Representatives Speaker John Boehner expected to die in the Democratic-controlled Senate on Friday night.

Wall Street on Friday ended its worst week in a year, and one equity strategist said the stock market's direction on Monday will rely on the weekend's outcome.

"It exclusively is a function of what does Congress do over the next 48 hours," said Phil Orlando, chief equity market strategist at Federated Investors. "If Speaker Boehner is able to get a deal through over the next two days, we trade higher. If we get nothing constructive and a series of more dueling press conferences we probably open lower."

Moody's noted that the first interest payment of $31 billion on U.S. Treasury debt is not due until Aug. 15.

"This is the first date that a default on bonds could occur," the report said, highlighting that, this year, August is the month when the ratio of interest payments to incoming revenues is the highest.

The agency sees less chance of a default on Aug. 4, when T-bills worth $59 billion mature because it is unlikely that the Treasury would not be able to find buyers to refinance them.

"Should the Treasury be unable to find buyers for an equivalent amount, a default might occur. This scenario seems extremely unlikely, given the role of the T-bill market in both domestic and global financial markets," Moody's said. – Reuters
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01 August 2011 Empty Re: 01 August 2011

Post by hlk Sun 31 Jul 2011, 17:09

Choppy trade ahead on KL bourse

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Post by K.Y. Sun 31 Jul 2011, 17:48

See later how their vote at 1pm later, US time... The vote will before Asian markets open.
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Post by hlk Sun 31 Jul 2011, 18:28

K.Y. wrote:See later how their vote at 1pm later, US time... The vote will before Asian markets open.

hopefully good news 4 us
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Post by hlk Sun 31 Jul 2011, 18:39

Asian markets adopt a wait-and-see attitude to US debt crisis
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Post by K.Y. Sun 31 Jul 2011, 18:52

I think got good news leh...
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Post by phoenix777 Sun 31 Jul 2011, 22:37

K.Y. wrote:I think got good news leh...



give u 1 rep....hope u can give rep soon
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Post by K.Y. Sun 31 Jul 2011, 22:45

How can give rep leh? how to get one? Tomorrow market green green
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Post by hlk Sun 31 Jul 2011, 22:53

Newfound optimism emerges for deal on debt ceiling

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Post by phoenix777 Sun 31 Jul 2011, 23:06

K.Y. wrote:How can give rep leh? how to get one? Tomorrow market green green



u need 10 rep first.....then u can give rep lor....

how to get rep....

make comrades happy....post good call then u earn rep lor



my rep so low leh [You must be registered and logged in to see this image.] making money alot easier than getting rep
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Post by K.Y. Sun 31 Jul 2011, 23:14

O i c. Haha... Cant wait for tomorrow. Laugh Hey, what is ur name is Fb?
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Post by hlk Sun 31 Jul 2011, 23:17

phoenix wrote:
K.Y. wrote:How can give rep leh? how to get one? Tomorrow market green green



u need 10 rep first.....then u can give rep lor....

how to get rep....

make comrades happy....post good call then u earn rep lor



my rep so low leh [You must be registered and logged in to see this image.] making money alot easier than getting rep

don worry ur so generous soon there will more comrades able 2 gv rep ... Wink
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01 August 2011 Empty Re: 01 August 2011

Post by WinningHeart Mon 01 Aug 2011, 07:42

Good morning Max sifu and comrades ... i'm back after a busy weekend ... [You must be registered and logged in to see this image.]



Susan Jie ... +1 rep for u ... ur rep now 120 ... go go go [You must be registered and logged in to see this image.]

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Post by hlk Mon 01 Aug 2011, 07:48

Sensible move for SP Setia

Kuala Lumpur: It is cheaper to gain control of a listed company with landbank in Penang than buy large chunks of land in the island, analysts said.


Therefore, it makes sense for the likes of SP Setia Bhd to eye a stake in such companies as landbank in Penang is depleting and buying the plots there is not easy and cheap, they added.

"Having a stake in companies such as Eastern and Oriental Bhd (E&O) will directly give SP Setia access to present and future property projects in Penang," an analyst said when asked to comment on reports that major shareholders of SP Setia are keen to buy a stake in E&O.

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Post by hlk Mon 01 Aug 2011, 07:50

Winning Heart ❤ wrote:Good morning Max sifu and comrades ... i'm back after a busy weekend ... [You must be registered and logged in to see this image.]



Susan Jie ... +1 rep for u ... ur rep now 120 ... go go go [You must be registered and logged in to see this image.]

morn bern, tq ... full time fr tdy onwards ?
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Post by hlk Mon 01 Aug 2011, 07:54

morn sun
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Post by hlk Mon 01 Aug 2011, 07:58

Shaky start, strong finish likely for KL stocks
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01 August 2011 Empty Re: 01 August 2011

Post by WinningHeart Mon 01 Aug 2011, 08:07

hlk wrote:
Winning Heart ❤ wrote:Good morning Max sifu and comrades ... i'm back after a busy weekend ... [You must be registered and logged in to see this image.]



Susan Jie ... +1 rep for u ... ur rep now 120 ... go go go [You must be registered and logged in to see this image.]

morn bern, tq ... full time fr tdy onwards ?



haha .. no lar .. need to serve one month notice [You must be registered and logged in to see this image.]

last day 22 Aug ... then off for trip ... then start jobless on 1 Sep [You must be registered and logged in to see this image.]

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01 August 2011 Empty Re: 01 August 2011

Post by hlk Mon 01 Aug 2011, 08:14

Winning Heart ❤️ wrote:
hlk wrote:
Winning Heart ❤️ wrote:Good morning Max sifu and comrades ... i'm back after a busy weekend ... [You must be registered and logged in to see this image.]



Susan Jie ... +1 rep for u ... ur rep now 120 ... go go go [You must be registered and logged in to see this image.]

morn bern, tq ... full time fr tdy onwards ?



haha .. no lar .. need to serve one month notice [You must be registered and logged in to see this image.]

last day 22 Aug ... then off for trip ... then start jobless on 1 Sep [You must be registered and logged in to see this image.]

don worry klci will gv u "umemployment benefits" = ez $$ fr trading ... Tongue
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