kahhoeng Money is not yet collected n its already non shariah compliant, sigh
hng33SapuraKencana, Puncak fall after removal from SC Shariah list
KUALA LUMPUR: SapuraKencana Petroleum and Puncak Niaga were among the top losers in early Friday trade after they were among the 30 stocks removed from the Securities Commission’s Shariah compliant list.
However, IOI Corp was among the top gainers after it was still on the list though analysts were expecting the plantation heavyweight to be removed from the list.
At 9.46am, the FBM KLCI was down 6.2 points to 1,823.71. Turnover was 391.44 million shares valued at RM245.84mil. There were 377 gainers to 96 losers while 183 counters were unchanged.
SKPetro fell 23 sen to RM2.86 while Puncak Niaga was down 23 sen also to RM3.08.
However, plantation giant IOI Corp rose 11 sen to RM4.80.
Weighing down SapuraKencana was also the plunge in crude oil prices to below US$60. Reuters reported US crude futures tumbled nearly US$6 on Friday to the lowest since May 2010 after OPEC decided against cutting output, leaving the market with excess supply that deepened oil's months-long rout.
According to Maybank Investment Bank Research 40 stocks were added and 30 removed. There were 673 Shariah stocks in total.
Prominent removals were CCM, Shell Refining, SapuraKencana, SHL, Perdana Petroleum and Puncak Niaga.
Prominent additions were Amway, Boustead Plantations, Hap Seng Consolidated, Icon Offshore, Padini, Kian Joo, Media Chinese. The surprise was that IOI Corp was still Shariah compliant while Media Chinese is now Shariah compliant.
Superb99suddenly excluded from the list, makes all the investors lose money, now only they know....ridiculous
If want to know the detail, can visit SC website and download latest list of sharia compliant list with selection criteria
jolie2aiyah... you all so careless. After remove from Shari list, now only start asking why here, why there, ....... why, why ,,, tell me why,
You all should survey or research the market properly. ..... Like that also don't know, some more want to advise people about how good is the stock.
kahhoengjolie, what you have said is easily said, difficult to carry out. If you are investing at best a few hundred thousands, how much are you willing to use as your so-called market research? 1% 2% 5% 20%? 5% of 100 thousands is only 5000, and a mere 0.1% of 10 mln is already 50 thousands. Small fishes like us are usually conned and insulted (consulted) as needed.
hng33Ha ha, about the research and homework, i think the biggest loser will be LTH. Wonder these GLC institutional fund have done its research properly, until another GLC (SC) removed Puncak from shariah compliance list. But, at the same time, I also thanks to LTH for being lack of knowledge, force to selloff after accumulating Puncak above RM 3 since May, so that pose great opportunity for portfolio to re-enter Puncak at average cost RM 3.04 today :).
Puncak net cash proceed from water concession divestment is almost equivalent to current share price already. Puncak other assets, oil and gas (orderbook RM 2 bil), landbank, property (corporate tower), construction unit (orderbook RM 550m) and China water treatment plant, all FOC.
longterminvesthahaha, hng33 don't teach jolie, he got stuck in kps 1.94, bcos he refused to listen!
Kindly visit KPS thread back, Aunty Jolie is performing U-turn shows after she bought KPS today.....I've re-post some of her previous posting to slap her back when she is no holding KPS, keep on poisoning KPS. I think this is second episode already, its fun and free live shows.....:D)