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Provided USD do not plunge!!!!!
Eddyson ( Date: 27-Jan-2011 21:02) Posted:
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Read the last 3rd paragraph
#Stocks to watch:* Public Bank, Proton, Ramunia, Integrax
By Joseph Chin of theedgemalaysia.com - Wednesday, January 26
KUALA LUMPUR: The local� market, especially key blue chips with high foreign holdings, may have seen oversold conditions and analysts expect the market to regain its strength as there is still a lot of liquidity in the system.
On Tuesday, Jan 25, the FBM KLCI fell for a fifth consecutive day as profit taking continued to chip away more of the gains from the rally in the beginning of the year, with select blue chips and index-linked plantation-related stocks among the major losers.
Analysts said for Malaysia, there is buying opportunity for oversold counters and plantations still offer upside based on the firmer crude palm oil prices.
They said the recent profit taking by foreign funds is due to risk aversion about monetary tightening and inflation risks.
As for the US market, at some point in time it will stagnate but for Malaysia, everything is line for us, such as a stronger currency while the awarding of the marginal oil fields would create a sense of leadership among the oil and gas players, said the head of a foreign research house. However, he was more cautious in the second half.
On Wall Street, U.S. stocks erased losses in a late flurry of buying to end little changed on Tuesday as overall optimism about earnings offset disappointing results from blue chips 3M and Johnson & Johnson.
About 70% of S&P companies so far have beaten estimates, but worries about inflation cutting into profits have caused investors to jump on shares of companies that only produce spectacular results, Reuters reports.
The Dow Jones industrial average finished down 3.33 points, or 0.03 percent, at 11,977.19. The Standard & Poor's 500 Index was up 0.34 point, or 0.03 percent, at 1,291.18. The Nasdaq Composite Index was up 1.70 points, or 0.06 percent, at 2,719.25. The S&P 500 index bounced off support at 1,280 in a sign of the market's resilience despite some disappointing earnings.
At Bursa Malaysia, stocks to watch are Public Bank Bhd, Proton Holdings Bhd, Ramunia Holdings Bhd, Integrax Bhd and the Genting group.
Public Bank Bhd net profit in 4Q grew 24.8% to RM846.19 million from RM678.23 million a year earlier, beating analysts' expectations. Public Bank Bhd net profit in 4Q grew 24.8% to RM846.19 million from RM678.23 million a year earlier. Revenue rose 18.8% to RM2.97 billion from RM2.5 billion. Full-year net profit came to RM3.05 billion, up 21% from RM2.52 billion a year earlier, while revenue rose 13.6% to RM11.04 billion from RM9.72 billion.
The Edge FinancialDaily reports the government will not force a merger between Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) to kickstart the consolidation in the domestic auto industry, according to International Trade and Industry Minister Datuk Seri Mustapa Mohamed. But does it really need to when government-linked parties are already major shareholders in both companies?
Oilcorp Bhd has agreed to accept an offer from Ramunia Holdings Bhd to acquire the Pulau Indah integrated fabrication yard for RM83.8 million from the former's subsidiary Oilfab Sdn Bhd.
OilCorp's 51%-owned Oilfab accepted an offer made by Ramunia to acquire the yard, the moveable and immoveable assets.
Perak Equity Sdn Bhd and Taipan Merit Sdn Bhd have proposed to remove Harun Halim Rasip and Datuk Onn Hamzah as directors of Integrax Bhd, which does not bode well for the company.
Integrax received a special notice from Perak Equity and Taipan Meriot, which hold 24.94 million shares and 20 million shares respectively about their intention to propose the resolutions to remove Harun and Onn.
The Edge Financial Daily reports that rarely in the limelight compared with other members of the Genting Group, Genting Hong Kong Ltd (Genting HK) may have its turn at drawing attention this year.
Major corporate developments aside such as the planned listing of its 50%-owned cruise line operator NCL Corp Ltd, the group's cruise line business, coupled with casino operations in Manila, is also starting to churn out impressive returns.
Malaysian Pacific Industries Bhd (MPI) posted marginally lower earnings of RM25.29 million in the second quarter ended Dec 31, 2010 when compared with RM25.71 million a year ago. Its revenue increased 6% to RM367.59 million versus RM345.57 million. �Its earnings per share were 13.05 sen compared with 13.19 sen a year ago.
MPI said the pretax profit of RM34.84 million against RM33.06 million a year ago, despite the higher revenue was mainly due to the strengthening ringgit against the US dollar.
If can reach 0.50, be happy liao. 10 cents more means to wait even longer. Market will not be that smooth. 
Eddyson ( Date: 25-Jan-2011 20:24) Posted:
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SINGAPORE, Jan 24 - Macquarie has initiated coverage of Singapore-listed Genting Hong Kong , which operates cruise ships, with an "outperform" rating and a target price of $0.60.
STATEMENT:
Macquarie said Genting Hong Kong offers "rare exposure" to Asia's land and cruise gaming business, and three of its four ships in the region cater to casino consumers.
"Genting Hong Kong is an undercovered, yet liquid stock, exposed to the Asian gaming theme and a growing U.S. tourism market," Macquarie said in a report.
It also noted that a possible foray into Sri Lanka's gaming sector and an initial public offering of Norwegian Cruise Line, which Genting owns 50 percent of, could be potential share price catalysts.
At 0318 GMT, shares of Genting were up 2.1 percent at $0.48, and have risen 6.7 percent so far this year.
STATEMENT:
Macquarie said Genting Hong Kong offers "rare exposure" to Asia's land and cruise gaming business, and three of its four ships in the region cater to casino consumers.
"Genting Hong Kong is an undercovered, yet liquid stock, exposed to the Asian gaming theme and a growing U.S. tourism market," Macquarie said in a report.
It also noted that a possible foray into Sri Lanka's gaming sector and an initial public offering of Norwegian Cruise Line, which Genting owns 50 percent of, could be potential share price catalysts.
At 0318 GMT, shares of Genting were up 2.1 percent at $0.48, and have risen 6.7 percent so far this year.
| 09:04:16 | 0.480 | 500 | S |
| 09:04:15 | 0.480 | 230 | S |
| 09:04:14 | 0.480 | 100 | S |
| 09:04:14 | 0.480 | 50 | S |
| 09:04:13 | 0.480 | 100 | S |
| 09:04:12 | 0.480 | 200 | S |
| 09:04:10 | 0.480 | 200 | S |
| 09:03:34 | 0.480 | 50 | S |
| 09:03:18 | 0.480 | 10 | S |
| 09:03:15 | 0.480 | 120 | S |
| 09:03:13 | 0.480 | 50 | S |
| 09:02:24 | 0.480 | 100 | S |
| 09:02:17 | 0.480 | 100 | S |
| 09:02:08 | 0.480 | 20 | S |
| 08:59:01 | 0.480 | 2,225 | S |
bishan22 ( Date: 20-Jan-2011 15:17) Posted:
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All my gain wipe off. Back to ground zero.
smallRole ( Date: 20-Jan-2011 12:16) Posted:
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Doji.....
0.465....
No hope for 0.49...
today Doji.... i will study tonight what kind of doji.... hopefully not gravestone ?
epliew ( Date: 19-Jan-2011 15:11) Posted:
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This counter has the same faith as yesterday...
This one is slow and steady, must got patience leh
watercrests ( Date: 19-Jan-2011 15:14) Posted:
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Oilment also run out liao... ;<
Today's exchange rate isn't that good either... I bought @1.31 but now @1.2808.. Sianzzz....
bishan22 ( Date: 19-Jan-2011 15:08) Posted:
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ya.... let hope it close above 0.49 otherwise doji will be a diff story.
STI must hit +20 points before this bugger can reach 0.50. Meanwhile have to put oilment on neck and wait.zzzzz.
watercrests ( Date: 19-Jan-2011 15:03) Posted:
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Any sign of hitting to 0.50 onwards bo?? Neck getting very long liao...
| 09:11:28 | 0.490 | 1 | S |
| 09:11:15 | 0.485 | 1 | B |
| 09:10:58 | 0.485 | 1 | B |
| 09:10:52 | 0.485 | 16 | B |
| 09:10:44 | 0.490 | 6 | S |
| 09:10:42 | 0.485 | 4,142 | S |
| 09:08:42 | 0.480 | 5 | B |
| 09:06:41 | 0.480 | 50 | B |
| 09:06:08 | 0.480 | 10 | B |
| 09:05:53 | 0.480 | 50 | B |
| 09:05:08 | 0.480 | 50 | B |
| 09:05:05 | 0.480 | 20 | B |
| 09:02:18 | 0.480 | 50 | B |
| 09:00:30 | 0.480 | 93 | S |
| 09:00:23 | 0.480 | 200 | S |
| 09:00:20 | 0.480 | 10 | S |
just now 1K plus selling now 4K buying.... it should break 0.5x barrier today !
09:02:18 0.480 50 B
09:00:30 0.480 93 S
09:00:23 0.480 200 S
09:00:20 0.480 10 S
09:00:17 0.480 100 S
09:00:16 0.480 100 S
09:00:07 0.480 1,922 B
09:00:02 0.485 22 S
08:59:01 0.485 564 S
| 17:05:01 | 0.480 | 1,468 | B |
| 16:59:56 | 0.485 | 6 | S |
| 16:59:25 | 0.485 | 20 | S |
| 16:58:44 | 0.485 | 25 | S |
| 16:58:10 | 0.480 | 10 | B |
| 16:57:28 | 0.480 | 10 | B |
| 16:57:27 | 0.485 | 500 | S |
| 16:56:11 | 0.480 | 10 | B |
| 16:55:58 | 0.480 | 10 | B |
| 16:54:25 | 0.480 | 6 | B |
| 16:54:23 | 0.480 | 10 | B |
| 16:54:21 | 0.480 | 10 | B |
| 16:52:32 | 0.480 | 10 | B |
| 16:51:50 | 0.480 | 3 | B |
shockyard ( Date: 17-Jan-2011 16:06) Posted:
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Hey, any idea why cheong so much ?
shockyard ( Date: 17-Jan-2011 16:16) Posted:
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someone married to genting hk with 44 million shares $0.50 at 4 pm .. see my previous post
watercrests ( Date: 17-Jan-2011 16:19) Posted:
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