10th August 2011-MAX HAPPY BIRTHDAY!!!!

Stocks to watch: MAS, AirAsia, Al-Hadharah Boustead REIT, Berjaya Assets, Hartalega

KUALA LUMPUR: A surprise tie-up between MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) and AIRASIA BHD [] could lift dampened investor sentiment at the local bourse on Wednesday, Aug 10 after the third straight day of losses.

A total of RM22.72 billion was wiped out from the local stock market capitalization on Tuesday, reducing it to RM1,255.95 billion. For the three days since last Friday, the market lost RM83.387 billion in market capitalization in a shocking sell-off.

The outcome of the Federal Open Market Committee meeting in the US would also play a major influence on equity markets across the world, as all attention will focus on whether the Fed will step in to halt the slide with fresh moves to inject confidence into a faltering economy.

But a surprise fall in British factory output in June and a slight dip in US productivity, as well as higher than expected inflation rate in China could still weigh on investor sentiment at the regional markets.

As for the local bourse, attention will likely be on the two airlines that have inked a deal to swap shares with each other, paving way for meaningful partnership between the two divergent airlines.

Stocks to watch include MAS, AirAsia Bhd, Berjaya Assets Bhd, AL-HADHARAH BOUSTEAD REIT [], HARTALEGA HOLDINGS BHD [] and RANHILL BHD [].

Khazanah Nasional Bhd, which owns 69.5% in MAS, will take up a 10% of shares in AirAsia while Tune Air Sdn Bhd, which owns some 23% in AirAsia will hold 20.5% shares in MAS.

Although AirAsia and MAS officials said it was too early to estimate synergy gains as a result of the partnership, it is estimated that the tie-up can potentially save both airlines as much as RM1 billion annually.

Berjaya Assets posted net profit RM198.04 million in the fourth quarter ended June 30, 2011, due mainly to a favourable fair value adjustment of investment PROPERTIES [] totaling RM243.6 million. The company proposed a final gross dividend of four sen per share.

For FY ended June 30, Berjaya Assets posted net profit RM288.02 million compared to RM235.67 million a year earlier, on the back of revenue RM353.99 million.

Al-Hadharah Boustead REIT’s net profit for the second quarter ended June 30, 2011 jumped 50% to RM23.91 million from RM15.95 million a year earlier, due mainly to an increase in fixed rental income and the doubling of performance-based profit sharing.

Revenue for the quarter rose to RM27.70 million from RM18.06 million. Earnings per unit was 3.81 sen while net assets per share was RM1.43.

The fund declared an income distribution of 4 sen per unit which will be paid in September, 2011.

Hartalega Holdings Bhd plans to expand its business in China with the subscription for 70% of the registered capital of YanCheng Pharmatex Medical Equipment Co Ltd for RM319,410.

Its net profit for the first quarter ended June 30, 2011 rose 32% to RM54.77 million from RM41.61 million a year earlier, due mainly to expansion in production capacity, increase in demand, effective cost control and improvement in production processes.

Ranhill, which bucked the weak market to close 13.5 sen higher at 88 sen after its major shareholder offered to take it over at 90 sen, could see limited upside.

Ranhill said it was not considering seeking an alternative person to make a take-over offer for the offer shares.

It received the notice for the takeover offer at 90 sen per share, or a premium of 15 sen or 20% above the last traded price of 75 sen on Monday.

happy birthday to uncle max...
hope airasia's opening give you the best present you want~ [You must be registered and logged in to see this image.]

why DJ doesn't chiong up to 1000 points? [You must be registered and logged in to see this image.]

Good morning everyone ... [You must be registered and logged in to see this image.]



Happy Birthday Max Sifu [You must be registered and logged in to see this image.] ... may all your birthday wishes come true [You must be registered and logged in to see this image.]

dj 11,239.77
+429.92 (3.98%)
Aug 9 - Close

hlk wrote:dj 11,239.77
+429.92 (3.98%)
Aug 9 - Close

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

Time to bottom fish for stocks?

KUALA LUMPUR: Analysts had mixed views as to whether now is a good time to bottom fish in the stock market as global markets continued their sharp descent.

Major US stock indices plunged by between 5.5 per cent and 6.9 per cent on Monday, their first day of trade after Standard & Poor's unprecedented cut in the US credit rating by one level to AA+, leading most Asian bourses to close sharply lower for the third straight day yesterday.

This saw the local 30-stock benchmark index, FTSE Bursa Malaysia Kuala Lumpur Composite index (FBM KLCI) shedding 1.7 per cent (or 24.85 points) to close at 1,472.14, off an intra-day low of 1,423.47.

The index has lost 4.8 per cent in the last three trading days.

HwangDBS Vickers Research, in a note to clients early yesterday, noted that investors will be more inclined to sell rather than buy equities following Wall Street's extended freefall.

"Given the prevailing jittery market mood, it seems too early to bottom fish at this juncture. Capital preservation will be the priority of most investors for now," it said.

CIMB Research advised investors to bottomfish gradually.

"Share price weakness is an opportunity to bottom-fish, albeit gradually," it said in a report yesterday, pointing out that consolidations of 20 per cent are not uncommon in major bull markets.

CIMB's economics team has kept its estimate of a 30 per cent chance of a double-dip recession happening in the US.

"As long as the stockmarket's travails do not pull down the US economy, which would hammer Asia's exports to the US, there should be a fair chance of decoupling by Asian markets," it said.

All eyes will be on the Federal Open Market Committee, which would have met late Tuesday in the US, to see if it comes up with new steps to drive economic growth.

Losses in the region yesterday were led by Hong Kong's Hang Seng Index (down 5.7 per cent to 19,330.70), Singapore's FTSE Straits Times Index (down 3.7 per cent to 2,884) and South Korea's Kospi Index (down 3.6 per cent to 1,801.35).

Investors sold-down shares on fears that a potential recession in the US and Europe's debt woes would hamper a global economic recovery.

"Realistically speaking, it will take time for sentiment to pick up again following the latest rounds of global equities meltdown until workable measures from the governments or central bankers of these troubled nations," said Hong Leong Investment Bank.

Happy birthday Max.....wish u more healthy n more properity!....1 rep for u

US stocks in solid rebound



NEW YORK: US stocks rebounded strongly on Tuesday, with the Dow jumping nearly four per cent after plummeting on Monday on the shock of Standard & Poor's downgrade of the US credit rating.

The Dow Jones Industrial Average of 30 blue-chip stocks closed up 429.92 points, or 3.98 percent, to 11,239.77.

The broader S&P 500 climbed 53.07 points (4.74 per cent) to 1,172.53, while the tech-heavy Nasdaq jumped 124.83 points (5.29 per cent) at 2,482.52.

The rebound came after the markets had their worst day on Monday since the 2008 financial collapse: the Dow lost 5.6 per cent, the S&P 500 6.7 per cent, and the Nasdaq 6.9 per cent.

The surge came in the last hour, with the Dow 150 points in negative territory 45 minutes before the close.

It followed an announcement by the Federal Reserve that it expected to maintain interest rates at ultra-low levels for the next two years due to economic weakness.

In the immediate aftermath of that announcement, the markets sagged on the news that no new direct stimulus was in the works.

"Just as stocks threatened to break down again, the S&P 500 was able to attract support in the 1100 zone. It then climbed aggressively into the close," said analysts at Briefing.com.

All of the Dow's blue chips jumped, with Bank of America rocketing 16.74 per cent to recover much of its 20.3 per cent Monday plunge.

In addition to the overall market sell-off on Monday, the bank's drop was spurred by AIG's US$10.5 billion lawsuit over losses incurred on mortgage-backed securities sold by a Bank of America unit.

Insurer The Travelers Company added 6.4 per cent, and Alcoa 8.0 per cent.

On the Nasdaq, eBay jumped 11.6 percent, Yahoo 8.75 percent, and Apple 5.6 percent.

Already at two-year lows, US bond yields plunged after the Fed's announcement. -- AFP

still holding mrcb ...... [You must be registered and logged in to see this image.]

MAX HAPPY BIRTHDAY.....Wishing you a prosperous.....healthy.....and happy year!!!![You must be registered and logged in to see this image.]



at the same time aa will limit up [You must be registered and logged in to see this image.]

yaaaa....today max will be hosay.....air asia will rockect up.....hehehhehehehhe.....we have OKB here today!.....

good morn guys ... those loading up ystd shd b horsay liao ...

hlk wrote:good morn guys ... those loading up ystd shd b horsay liao ... [You must be registered and logged in to see this image.]

hlk dont miss boat ya [You must be registered and logged in to see this image.] i feel all boat will move

happy birthday 2 max, may all ur dreams come true ...

phoenix wrote:

hlk wrote:good morn guys ... those loading up ystd shd b horsay liao ... [You must be registered and logged in to see this image.]

hlk dont miss boat ya [You must be registered and logged in to see this image.] i feel all boat will move

but which 1 ?

morning all...thanks

aa gap down 25 cents? [You must be registered and logged in to see this image.]

$ wrote:aa gap down 25 cents? [You must be registered and logged in to see this image.]

mm opening high leh......later lah....

hlk wrote:

phoenix wrote:

hlk wrote:good morn guys ... those loading up ystd shd b horsay liao ... [You must be registered and logged in to see this image.]

hlk dont miss boat ya [You must be registered and logged in to see this image.] i feel all boat will move

but which 1 ?

mas aa priority.....

then all the bluchip tht kena slaughter the last few day

nt a goreng stock day today [You must be registered and logged in to see this image.]

phoenix wrote:

$ wrote:aa gap down 25 cents? [You must be registered and logged in to see this image.]

mm opening high leh......later lah....

don know which stupid idiot kacau kacau there

happy birthday max~ :D