This is typical of a thinly traded counter.

Supporting Maybank n CIMB instead.

Ikan bilis no $$$ to support. Ask those gomen funds.

Public Bank did not drop.

I think it can drop below DRP. Gomen funds just on sidelines.

This is by far the most important news. Many thanks.

If u have sold above $9 xx, u would have made $$$ instead of waiting for this DRP lah.
Looking at the heavy sell orders, I think EPF have given up defending.

Look what happened to Maybank ex-dividend.

Looking at the volume, there is some truth in MSCI rebalancing.

Thin trading counter.

This is same as saying OTT applications threaten telco's profits

The big picture is not that nice. KLCI staged a 'dead cross' on their 50 n 20 day SMA. What do you expect.
"Malaise for Malaysia's Stock Market: Just the Beginning?" -The answer is not in China. It's on the Elliott wave labeled price chart." appeared in the latest issue of 'The Elliott Wave Theorist'.
I believe the KLCI is on its wave down with short intermittent rebounds.

Sell in May n go away.

Ikan bilis where can afford such lawsuits? Maybe you bring one to the courts as a test case.

Maybe after Aug, it will be stable when gomen announce how much they want to charge for the spectrum. If gomen wants to take a huge chunk fr the telcos, there is little left to pay div for u and me.

How the CEO can control its share price?? It is the players in the stockmart. Why do you ppl want to sell n sell? Just keep it in the fridgelah.

The big picture is not that nice. KLCI staged a 'dead cross' on their 50 n 20 day SMA. What do you expect.
"Malaise for Malaysia's Stock Market: Just the Beginning?" -The answer is not in China. It's on the Elliott wave labeled price chart." appeared in the latest issue of 'The Elliott Wave Theorist'.
I believe the KLCI is on its wave down with short intermittent rebounds.

Tune has already made 2 failed attempts to breach its median line n this is the 3rd time. Failure to breach the median line again will see its price down to abt $1.30.
The lack of follow thru volume implies that its upward swing is weak.

Read this article from Theedge (already posted in this forum) : Three more signs smartphone downturn going from bad to worse

The cost of the shares to the owners if they have not increased their holdings after listing is par value ( I guess). Before listing, they divide and sub divide the shares before selling at a premium to the public. This is the practice of all companies prior to going public. Even at this low price, they are not making any loss.

That is the pointlah! It is no use bringing up legal issues as he is just giving some coffeeshop talk. I coffeeshop talk also illegal, then all forumers who posted buy and sell calls are equally caught.

Probably foreign funds which bought in earlier. We cannot sell short here. The selling pressure has not dried out yet.

Khazanah mulls selling some shares in Axiata, TNB n IHH to raise funds.

But who care about morals nowadays? If our leaders care about morals there would be no 1MDB.

If u use Elliot Waves, why do u need MACD? Elliot Waves by themselves work very well.

ARPU of Maxis rise in face of losing subscribers. It means their customers which are revenue generating did not port out. It is only one segment of customers which are not generating much revenue ported out.

Try using MACD for futures trading n you will lose yr pants. MACD is derived from moving averages. Moving averages are lagging indicators. I do not see ho MACD will give u any advantage in share trading.

finance a doctor? that is a cool $ 500,000.

get from your parents failing that, forget it.

I agree with you. I financed my child thru private university using my gains fr the stockmart.

You have charts to see for yourself whether it is worth taking the risk. Why did many ppl follow him blindly? 1 month ago, my broker recommend me to buy CMSB. At that time, CMSB was trading at $5.00 to $5.10. He said it will surely go up due to Sarawak elections. I looked at the chart and I was not convinced. As a result, I did not buy. Now everybody knows how much CMSB is trading. The trick is do your homework. Everybody in this blog is trying to make money n stock trading is a zero sum gain - Your loss is my gain.

You have charts to see for yourself whether it is worth taking the risk. Why did many ppl follow him blindly? 1 month ago, my broker recommend me to buy CMSB. At that time, CMSB was trading at $5.00 to $5.10. He said it will surely go up due to Sarawak elections. I looked at the chart and I was not convinced. As a result, I did not buy. Now everybody knows how much CMSB is trading. The trick is do your homework. Everybody in this blog is trying to make money n stock trading is a zero sum gain - Your loss is my gain.

Well no share goes up forever, I presume. Everything has a beginning n an ending. This is a fact of life. If u think of keeping this share for a long time, u are risking yr money. Keynes said "in the long term, we are all dead".

I am a subscriber of icapital n I have read Tan's views. I would also like to hear what others have to say. It is great to have an exchange of views.

Not need to follow him. I said earlier some of the stocks he bought are thinly traded shares which needs a lot of long holding power. He have this capability, ikan bilis do not have.
Normally, people (including yr friends) will recommend the shares they have already bought n they will not tell you when to sell. This is my personal experience. I have a colleague who recommend shares for me to buy but will quietly sell his shares. After selling his shares, he would tell me the shares that he recommended are not that good.
Only a moron will expect him to tell you when he is about to sell. This is commonsense.

Which is why EPF is slow accumulating. They seemed to know something.

In the StarBiz today..Interview with Lundal.. He hinted that Maxis is not much affected by recent events. "I'm guessing between 3 and 5 million and I have seen over 10 to 12 years-that changesm to whichever operator has the latest promotions ...They follow all promotions..The majority of them are probably multi SIM cards and lower ARPU cards... They are promotion seekers who shift around to the lowest promotions. He means to say even if Celcom or others have grab these segment, it won't last long n these segment will hop to whichever telco which offers another lower promotion. TM's webe will grab them, I think.
"Giving certain customers certain offers happens to every industry." Only that we are not aware of it.. Financial services, airlines, most service industries...
Investment banks are known to offer lower commissions to funds than they charge the ikan bilis.
Read the whole article in the StarBiz today

Thanks Calvin for yr insights!

You got hit because u tried to catch the bottom. Nobody really knows where the bottom is. Just look at the chart of Parkson n u will know the perils of trying to catch the bottom.

Apollo, thanks for yr info. I did not track this share all along.

For the stockmart to crash, u need to have a big event like 1997/1998, Subprime crisis etc. Have u found one?

The last time Maybank dropped to 4.2xx was 1998. It give ESOS to their staff around that price. My brother (formerly a staff of Maybank) took up the ESOS n later sold the shares at $15.50. Are u a Maybank staff?

He is an individual and his ability to give scholarships has limitations. He is not the government which has unlimited money. Just respect his wishes. Those on medical studies have to find other sources of financing. I doubt you can find another Mr Koon. After all, nobody owes us a living.

Companies pay millions to buy new ideas. He gave u an idea for free BUT it is up to u to evaluate his idea n see whether it is worth taking the risk. Many a time, I saw that some of the shares he recommended are thinly traded n I did not follow his idea.

They are trying to imitate Virgin Atlantic's MVNO. IF u patronize them, u can accumulate points to exchange for some gifts like Bonus link. If u need a lot of accumulated points to exchange for just 1 ball point pen, then it doesn't have much effect.

They advise u to buy but did not tell u WHEN to buy.

Actually fr their financials. If the company has huge borrowings when compared to its capital base n reserves, it is highly leveraged. Maxis is highly leveraged. When Maxis was listed, it started borrowing to gear up its balance sheet so that it has an optimum level of debt n equity. But over-borrowing means that you have less room to maneuver if something unforseen happens like the sudden announcement by gomen to auction its spectrum.

You are damn lucky! I was about to buy when I notice its weekly chart staged a dead cross. And as a result I did not buy.

Telcos are facing challenging times 1) the new spectrum fees will be known by Aug 2) the refarming of 4G bands will take place in 2017.
Thus there is another "unknown" next year. This issue alone will affect the telco's ability to pay dividends not even taking into account the price war n competiton they are facing.
In a way, that is why we are seeing the prices of telcos dropping n is also an opportunity to buy. But we can't foresee how low they will drop before stabilizing. You must have a lot of cash in order to hold them for the long term. You must be able to stand the stress of seeing their values drop due to the vagaries of the stockmart. Which is how markets behave.

Hi Angie, Axiata is a holding company whicb holds its investment in Celcom, Robi etc. All assets n liabilites of celcom, Robi, XL etc are all added up together in the group accounts hence, it is not possible to look at Celcom's financials.
But from what I gather from our investment bank's reports (I can't recall which one as i deleted them from my pc after reading), Celcom is highly geared, meaning it has substantial bank borrowings. This is the common man's understanding of "cash rich".
Axiata derives its income from dividends received fr its investment i.e. Celcom, XL n after paying its expenses, those dividends are its profit fr which Axiata declares its dividends.

Catching the bottom is risky. With sentiment on semi conductor stocks bruised by Apple, I do not see any big upside on this stock. If u buy, u have to keep for some time. After all, no one is going to chase after semi conductor stock for some time now. The dynamics have completely changed. Besides shrinking demand, USD/MYR exchange rates have reversed.

Everything is dropping like shit. Ask yr Finance Minister what the hell is going on.