8th August 2011

8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8[You must be registered and logged in to see this image.]8

Stocks to watch: Magna Prima, Wing Tai, SapuraCrest, Kencana

KUALA LUMPUR: Key regional Asian markets are expected to remain jittery in the week ahead, starting Monday, Aug 8, in the absence of any clear indicators about the US economy and Europe’s deepening crisis.

Overnight on Wall Street, stocks closed out their worst week in more than two years on Friday, Aug 5 in a volatile session. For the week, the Dow fell 5.8%, the S&P 500 was down 7.2% and the Nasdaq was off 8.1%.

At Bursa Malaysia, there could be some bargain hunting for battered stocks which still had strong underlying fundamentals. But the buying could be restrained.

On Friday, the FBM KLCI closed down 1.45% or 22.46 points to 1,524.43 while week-on-week, the index lost 24.38 points.

A total of RM26.89 billion was wiped out from the Bursa Malaysia market capitalisation where 21 stocks hit fresh 52-week lows. Market capitalisattion was reduced to RM1.312 trillion last Friday.

For among the 30 components of the FBM KLCI, six of them hit a fresh 52-week low. They were IOI Corp Bhd, YTL Power International and YTL Corp Bhd, MISC BHD [], TENAGA NASIONAL BHD [] RM5.94 and PPB GROUP BHD [].There could be mild bargain hunting for some of these stocks which possess strong fundamentals.

Positive corporate news which could help lift sentiment are MAGNA PRIMA BHD [], Wing Tai Malaysia Bhd, SAPURACREST PETROLEUM BHD [], KENCANA PETROLEUM BHD [] and SCOMI ENGINEERING BHD [].

Magna Prima is making its foray into Australia to undertake a mixed residential and commercial project in Melbourne with an indicative gross development cost of A$148 million (RM482.18 million). The company expects to record a profit of A$62 million (RM200.32 million) from the project.

Wing Tai Malaysia expects to record a gain of RM27.63 million from the sale of two pieces of land in Seberang Perai, Penang to Aeon Co. Bhd for RM50.12 million cash consideration.

It said the two pieces of land, about 7.29 ha and 4,625 sq metres, were currently vacant and Aeon planned to build a shopping complex with car park facilities

The Edge weekly reports the River of Life project has seen two significant developments over the last two weeks, leading to renewed interest in it as well as Datuk Lim Kang Hoo's EKOVEST BHD [].

It also reported that Flonic Hi-Tec is banking on critical cleaning business. The company will now provide its customers with critical cleaning systems capable of filtering particles that are up to 10 microns in size, compared with 100 microns in precision cleaning systems.

The boards of SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd have agreed to their merger to become one of the world’s largest oil and gas service providers in terms of market capitalisation and assets.

They had accepted Integral Key Sdn Bhd’s (IKSB) RM11.85-billion offer to acquire all their assets and liabilities in a share swap. The offer shall remain open for acceptance until 5pm on Aug 15.

Fraser & Neave’s net profit for the third quarter ended June 30, 2011 rose 11.2% to RM77.85 million from RM70 million a year earlier due to strong contribution from its property and soft drinks divisions.

Its revenue for the quarter dipped to RM882.47 million from RM892.77 million due mainly to lower volume of dairy products sold in Malaysia.

It said under its soft drinks division, sales activities for Coca-Cola products will cease effective Oct 1, 2011 and, as such, the division’s revenue and profit thereafter will see an inevitable immediate reduction, it said.

Coca-Cola business makes up about 30% of the revenue of the soft drinks division for the current financial year, it said.

morn alll.....wonder wht kind of trading day will monday be good or bad???

good morn davord, phoenix n bern ...

phoenix wrote:morn alll.....wonder wht kind of trading day will monday be good or bad???

my target today is pay for my mother's glasses around 200 plus....hope i can achieve it [You must be registered and logged in to see this image.]

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

ecm so nice leh....tht day some of my trades eventhough profit after brokerage bcome lost.....bt they so nice cancel the brokerage to let me win leh [You must be registered and logged in to see this image.]



next time if small profit after fee i purposely lose abit har.....so brokerage cancel??? [You must be registered and logged in to see this image.]

phoenix wrote:

phoenix wrote:morn alll.....wonder wht kind of trading day will monday be good or bad???

my target today is pay for my mother's glasses around 200 plus....hope i can achieve it [You must be registered and logged in to see this image.]

my target today is to go ECM office open up an account [You must be registered and logged in to see this image.]

phoenix wrote:ecm so nice leh....tht day some of my trades eventhough profit after brokerage bcome lost.....bt they so nice cancel the brokerage to let me win leh [You must be registered and logged in to see this image.]



next time if small profit after fee i purposely lose abit har.....so brokerage cancel??? [You must be registered and logged in to see this image.]

Yalor ... but if i open today ... tomolo can start use liao kah? [You must be registered and logged in to see this image.]

good morning all..

Good morning everyone! Hope we have a good day

AA suspend?

hlk wrote:FBM KLCI expected to rebound

oh yeah .... strong statement from Susan Jie [You must be registered and logged in to see this image.]

Greetings to all.

Winning Heart ❤ wrote:

hlk wrote:FBM KLCI expected to rebound

oh yeah .... strong statement from Susan Jie [You must be registered and logged in to see this image.]

bern,can let it go better...for ur ammb..condolence..

Winning Heart ❤ wrote:

phoenix wrote:ecm so nice leh....tht day some of my trades eventhough profit after brokerage bcome lost.....bt they so nice cancel the brokerage to let me win leh [You must be registered and logged in to see this image.]



next time if small profit after fee i purposely lose abit har.....so brokerage cancel??? [You must be registered and logged in to see this image.]

Yalor ... but if i open today ... tomolo can start use liao kah? [You must be registered and logged in to see this image.]

3 working day.....but keep in mind ecm service very lousy so mayb 7 working day??? [You must be registered and logged in to see this image.]

K.Y. wrote:AA suspend?

sifu and thk huat liao....

K.Y. wrote:AA suspend?

some share swap between airasia and mas....both of them are suspended. [You must be registered and logged in to see this image.]

aa suspended ... i think sifu holding aa bb shd b horsay liao ...

Mas also?

mas and aa suspend till when har???

W wrote:

Winning Heart ❤ wrote:

hlk wrote:FBM KLCI expected to rebound

oh yeah .... strong statement from Susan Jie [You must be registered and logged in to see this image.]

bern,can let it go better...for ur ammb..condolence..

sorry,watch first...tempting now..

aa suspended...wa..either big ho say or big holland, i like it

thk buy mas on news but sifu buy aa bb cos want to revenge.........and hit jackpot coincidence.