9th August 2011

Good morning Max sifu and comrades [You must be registered and logged in to see this image.] ... will bursa pak wu ying (no business) today? No Buyer All Seller ... [You must be registered and logged in to see this image.]

Stocks to watch: SapuraCrest, Bina Darulaman, Tanjung, HeiTech

KUALA LUMPUR: Investor sentiment at the local stock market is likely to remain nervous on Tuesday, Aug 9 and the FBM KLCI could extend its losses in line with the recent weak performance at global equity markets rattled by the downgrade of the US credit rating.

Bursa Malaysia saw RM60.65 billion erased from market capitalisation over the last two trading days, with 49.9 points erased from the KLCI following the tumble last Thursday at Wall Street, as well as S&P downgrading the US credit rating on Friday.

OSK Research director Chris Eng on Aug 8 downgraded the Malaysian market to Neutral with a lower year-end target of 1,557.

“While there is still hope for a recovery of confidence if a massive coordinated global response emerges, we believe that markets may find it difficult to reclaim their recent highs anytime soon.

“As such, we downgrade our KLCI 2012 fair value from 1,710 points to 1,466 points based on a change in the applied PER from 15.5 times to 13 times,” he said.

Meanwhile, indications are that the contagion effect from the US is likely to have far-reaching consequences, as European markets resumed their sell-off in early trade on Monday, on concerns that the US could slip into recession.

Regionally, Singapore’s Prime Minister Lee Hsien Loong said the republic’s economy was likely to expand by 5%-6% this year, indicating that the country now expects growth to come in at the lower end of its 5%-7% forecast.

With the generally tepid global sentiment, the FBM KLCI is likely to remain subdued.

Among the stocks with fresh corporate developments that could be in focus are SAPURACREST PETROLEUM BHD [], BINA DARULAMAN BHD [], TANJUNG OFFSHORE BHD [], HEITECH PADU BHD [].

SapuraCrest inked a conditional agreement to acquire Clough Limited’s marine CONSTRUCTION [] and offshore engineering operations in Australia, UK and US for a cash consideration of A$127 million (RM400 million).

The company said besides providing a global platform, the acquisition also provides an opportunity for the Group to expand its activities in subsea and deepwater segments.

It said the wider capabilities, network and asset base following the acquisition would strategically position it to tap opportunities to expand its regional footprint in the key offshore markets of Indonesia, Vietnam, Thailand, China, Australia and India, as well as Brazil.

It said the Malaysian market, which currently accounts for a substantial portion of the company’s order book, would continue to be a priority given the increasing job prospects.

Bina Darulaman’s unit, Syarikat Bina Dan Kuari Kedah Sdn Bhd landed separate contracts worth a combined RM30.61 million.

Tanjung secured a contract worth US$1.75 million (RM5.27 million) from MISC BHD [] to supply two units of waste heat recovery units (WHRU) for PM304 Cendor Field Phase 2 Development.

HeiTech was awarded a RM7.47 million contract by the government to develop an open source hospital information application system integration project.

good morn guys ...

this time i really kena very kaw kaw...market crash but airasia suspended, if tomorrow airasia open gap down 70 cents then really shiiit[You must be registered and logged in to see this image.]

$ wrote:this time i really kena very kaw kaw...market crash but airasia suspended, if tomorrow airasia open gap down 70 cents then really shiiit[You must be registered and logged in to see this image.]

hope tonight dija rebound....[You must be registered and logged in to see this image.]

hlk wrote:good morn guys ... [You must be registered and logged in to see this image.]

morn hlk.....i have no watchlist today[You must be registered and logged in to see this image.] ....no idea what to hit

$ wrote:this time i really kena very kaw kaw...market crash but airasia suspended, if tomorrow airasia open gap down 70 cents then really shiiit[You must be registered and logged in to see this image.]

max after aa come out....try not to go in anymore overnight position.....take a vacation lah....when wallstreet rally kao kao we fight again [You must be registered and logged in to see this image.]

seeing u jump into overnite position make us all worry leh [You must be registered and logged in to see this image.]

phoenix wrote:

hlk wrote:good morn guys ... [You must be registered and logged in to see this image.]

morn hlk.....i have no watchlist today[You must be registered and logged in to see this image.] ....no idea what to hit

wysiwyg ... mayb another rebound like ystd ? ...

phoenix wrote:

$ wrote:this time i really kena very kaw kaw...market crash but airasia suspended, if tomorrow airasia open gap down 70 cents then really shiiit[You must be registered and logged in to see this image.]

max after aa come out....try not to go in anymore overnight position.....take a vacation lah....when wallstreet rally kao kao we fight again [You must be registered and logged in to see this image.]

seeing u jump into overnite position make us all worry leh [You must be registered and logged in to see this image.]

that time no sign of market turbulent..how the shoot i know market become like this

really shiiting market,,,,,,,,,,,,,,,first time see dj dip like waterfalll...........

$ wrote:

phoenix wrote:

$ wrote:this time i really kena very kaw kaw...market crash but airasia suspended, if tomorrow airasia open gap down 70 cents then really shiiit[You must be registered and logged in to see this image.]

max after aa come out....try not to go in anymore overnight position.....take a vacation lah....when wallstreet rally kao kao we fight again [You must be registered and logged in to see this image.]

seeing u jump into overnite position make us all worry leh [You must be registered and logged in to see this image.]

that time no sign of market turbulent..how the shoot i know market become like this

yalor.....haih

whats done is done lah.....i pray you get out with minimum losses.....and when market rally we double(or more) our capital[You must be registered and logged in to see this image.]

A sign of bearish..........dont noe big crash or small crash liao..

my relative are all heavily invested in this australian stock call lynas....

avg price 1.93....now 1.7.....few days ago holding huge paper profit at 2.2

phoenix wrote:my relative are all heavily invested in this australian stock call lynas....

avg price 1.93....now 1.7.....few days ago holding huge paper profit at 2.2

die lo..CL bo?

Need miracle today ... and index counter being supported [You must be registered and logged in to see this image.]

W wrote:

phoenix wrote:my relative are all heavily invested in this australian stock call lynas....

avg price 1.93....now 1.7.....few days ago holding huge paper profit at 2.2

die lo..CL bo?

dunno leh......weekend see thm ask lor....i thk they ask remincer widraw liao....no way keep buy n hold mar[You must be registered and logged in to see this image.]

$ wrote:this time i really kena very kaw kaw...market crash but airasia suspended, if tomorrow airasia open gap down 70 cents then really shiiit[You must be registered and logged in to see this image.]

bless for you..aa should not worst like tis..

wah, all gap down again, i thk this whole week mampus lo[You must be registered and logged in to see this image.]

W wrote:

$ wrote:this time i really kena very kaw kaw...market crash but airasia suspended, if tomorrow airasia open gap down 70 cents then really shiiit[You must be registered and logged in to see this image.]

bless for you..aa should not worst like tis..

like u said ...Max...AA is very good company....no way it'll go down to 70c...maybe up 70c....[You must be registered and logged in to see this image.]

US downgrade may spark strong ringgit rally


KUALA LUMPUR: The sovereign downgrade of the US by one notch to AA+ could lead to a strong rally of the ringgit against the greenback again this year said economists.

Upside risks towards the appreciation of the ringgit have risen which could impact the competitiveness of Malaysian exports still affected by the weak demand for electrical and electronic products.

The ringgit which opened at at 2.9990/0025 versus the US dollar yesterday, traded at 3.0170/0210 at 5pm against the US dollar from 3.0091/0140 on Friday

AmResearch, which also expects the biggest impact of the first downgrade by Standard & Poor's in 70 years, to be in the currency market, pushing the ringgit towards the RM2.93 level again.

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"In the meantime, if there is a third quantitative easing, this could lead to an appreciation of the regional currencies, which could lead the ringgit to rally towards RM2.90 per dollar before settling between the RM2.80-RM2.90 range for 2011," said AmResearch director of research Manokaran Mottain.

Local rating agency RAM Holdings Bhd expects the currency to fluctuate at around RM2.90- 2.95 to the dollar for the remainder of the year.

But the upside risks have increased and thse includes a loss of confidence in the US dollar or US-centric assets which may prompt some capital flight from the US.

Jason Fong, economist with RAM, explained that if the financial volatility in the US turns out to be very significant, the impact on its external markets such as Malaysia can be substantial.

"One of the worse case scenarios would entail extensive capital flight from US-centric assets. In this scenario, there would be considerable decline in the value of the US dollar, causing an appreciation of US-denominated assets, particularly in commodities."

The US financial volatility may cause investors to put their money in safe haven assets, such as precious metals like gold.

As such, immediate domestic "paper wealth losses" should be expected in this scenario, the impact of which can flow onto borrowing costs, he warned.

The Malaysian Rating Corporation said the weak-appetite for US denominated assets will likely increase inflows of hot money into Malaysian shores as foreigners find holding Malaysian Government Securities more appealing.


Read more: US downgrade may spark strong ringgit rally [You must be registered and logged in to see this link.]

today mkt may worst than yesterday...........

Good morning everyone..

Greetings to all

tm gap down 18sen. condolences to max and bern. max should able to clear yesterday if mm not gao kan[You must be registered and logged in to see this image.] , MM all so kan.....[You must be registered and logged in to see this image.]

davidlo wrote:tm gap down 18sen. condolences to max and bern. max should able to clear yesterday if mm not gao kan[You must be registered and logged in to see this image.] , MM all so kan.....[You must be registered and logged in to see this image.]

yawor..who collect 3.98 yesterday also die jor..