Happy Chinese New Year :-)

Decent profits, but damn stingy company that doesn't rewards its shareholders with any dividends. One of the several reasons why nobody bothers with the company, despite its high NTA and profits.

Wow I'm the first here @_@!

GoInvest, you couldn't be further off about me. I'm not a 'chartist', more of a fundamental investor who also uses the chart to supplement my investment decisions. But anyway, in the end, what we do with our money is our own call. I see no point arguing about it. As I said, good luck to us all, let's see what happens next lah. Peace.

LOL, I sense a lot of anger here. But that's understandable if I have lost as much as you have. OKlah, I won't argue - do what you think it's best. Ciao!

If you say so mate. Good luck in your next venture then.

You really need to know why you invest in a stock, not go in and out blindly. Are you in for a quick profit (i.e. trader) or long-term (investor)? If you're a trader, you should have exited after a suitable stop-loss price was breached.

As pointed out early, LBALUM is not the only counter that has shed a lot recently; The price decline is mainly due to the overall market (KLCI)'s decline, caused by very weak oil prices. It's not because of LBALUM's weakening fundamentals (e.g. much lower profits etc). Another point to note is the LBALUM's trading volume (go and check the charts) - note the selldown was mainly caused by retail sellers, not institutional ones. The real investors are still holding on the stock.

Bottom line is, any stock, good or bad, would also decline when there is a market crash/selldown. The mark of a good stock is how much it goes back up when the market returns.

Up to hooi to write what he wants lah. Whether or not he really buys, who knows. Market is super-bearish now, charts are useless at this point as new lows are being breached.

The current drop is due to the overall KLSE market's poor performance. It has nothing to do with LBALUM's fundamentals. I'd just hold and ride the storm.

Yup, went back to RM0.60 as expected. Tomorrow's performance will depend on the index.

Major support of RM0.60 broken. Doesn't look good. Overall market is red now. However, do look at the trading volumes and patterns - the sellers are mostly retail and small holders. No major sellers yet. It should return back to RM0.60 (currently RM0.58). We'll see what happens tomorrow in the index.

Hi guys,

I've never attended a listed company AGM. Interested in joining one for experience and perhaps networking. Heard that some AGMs give out freebies and souvenirs as well e.g. Genting. Anyone can share their experiences? Is food provided? What's the dress code e.g. can I wear shirt and jeans :P

thanks,
Kaori-chan

NTA of 8 cents and 5 years of straight losses. Yikes. Stay away.

http://www.thestar.com.my/Business/Business-News/2014/11/28/SapuraKencana-Puncak-fall-after-removal-from-SC-Shariah-list/?style=biz

No impact indeed. Keep the faith bros.

What now? If you can hold, keep holding. Scomi ain't likely to become PN17. As correctly pointed out by some, it does have a lot of projects in the pipeline and also likely to win more big ones in the future. Scomi essentially has 2 core business: O&G and transportation (monorail/marine vessels). Right now the O&G sector is tanking badly due to the ultra-low oil prices, so not much we can do about that but wait. Hope to hear some good news on its transportation business.

If you want to go in, RM0.255 looks like a good point. It's a risk, but hey, no risk no gain. Caveat emptor.

I believe the price is dropping as there isn't much interest in this counter at the moment. LBALUM's annual dividend has already been given out, and there are no clear catalysts to poke it forward. Unless some other good news comes in (e.g. interest in the aluminium sector, solid profit increase, investor-friendly measures, M&A), it's likely the stock will remain thinly traded and floating around the RM0.60 price level.

On a technical side, the support line of RM0.625 has been broken, next support is at RM0.60. If it breaks that with volume, we will be seeing further decline.

Anyway, let's see how it goes!

Kinda sad to see some guys being so defensive, when all I did was to correctly point out that Scomi was removed from the Shariah compliant list. Whether you choose to believe it has or has no impact on its stock performance, that's up to you. Of course, shariah-compliance would only be factor to those who are concerned about status when purchasing a counter. Page 14 and 15 of the link I gave previously also clearly spells out what are the measures that can be taken by those funds who have purchased previously shariah-compliant counters. Anyway, I have no intention of wading into an argument with you guys on whether shariah-compliance has an impact on a stock or not, since the general response here is "So what who cares!". Good luck.

P.s. Next support is 25.5 cents. Hope to see a rebound from there.

i_investor -> the counters have not yet been updated on Bursa's site. However you can easily check with the Securities Commission, which updates the list (only updated today).

Here's the link:
http://www.sc.com.my/wp-content/uploads/eng/html/icm/sas/sc_syariahcompliant_141128.pdf

Heard from BFM news this morning that Scomi was removed the list of Shariah-compliant company. That may be a key reason for the price downturn.