Everyone is bullish this year
Don't expect bear in the meeting

The company just cancel and sell treasury share of 200k unit at 1.10
What can you conclude from this announcement?

Market sentiment is very bad
Tp cannot be very high for this risky company
Cscstel is still my cup of coffee anytime

Sell?

Net cash position from 51m reduce to 37.7m after deduct BA?

Eps very poor
Fully valued

1.65

Short ringgit?

Everyday drop
Anyone buying?

Posted by kcchongnz > Oct 18, 2016 03:55 AM | Report Abuse


1. Panamy 36 a piece, assume I will invest 10k into it, it will turn into 277 unit which has odd lot, but the klse seem to be not friendly toward odd lot. And exercise it required effort.
2. I had no idea EAH, Vivocom, KNM, Asiamedia, many company did benefit from the bonus issues, there is always good and bad company despite the bonus issues, good company with bonus issues anyone will be happy to exercise it since they could get a bargain by subscribing to the freebies.
3. Assume many stock is highly priced, it will also lead to liquidity issues, since you cannot invest 10k panamy, you will need to invest 200 unit or 7.2k or you will need to go for 300 unit 10.8k, you are short of 800, what you can do is take the loan to buy the extra unit, is it encouraging margin loan since everyone is unlikely to afford it, high price company will happy to accept your borrowed money to invest into their business.
4. For the liquidity issues, it come another big issues, banker is always unhappy about it when you invest into low liquidity share with loan money, they will always prompt you to sell it, when they feel the need.
5. None of them will be the problem if you are rich, of course who is going to afford 200k a piece of share?
6. Bonus issues may not bring any fundamental change into the company, it can bring change to the liquidity issues which is a big deal.

Bonus issues and right issues is a good way to raise fund for many company
There is many company in klse that is impossible to survive without it.
I think it create value for market outside of Dow Jones, and it work best for underdeveloped country to stimulate the economy. Imagine how can we afford to invest in the market if all the company is so expensive that it worth usd 200k to buy one share, only the rich can own the market.

As long as QE do not stop
Property booming will continue
The more higher the inflation (deflation?)
The poorer the youngster who make a living from salary
And the harder to get a new house
:(

Bank is the worst making all this brainless policy
And the abuse on the policy is so strong that it lead to severely imbalance in the monetary distribution.
The one who abuse the policy get so rich that they can own the 99% of the wealth from the QE
:(

Money base had increaed more than 10 fold since 2008
The effect of it only bring dow Jone index to 2 fold
Where is the massive money go to?

QE1,2,3,4,5 is the culprit behind the property booming, QE bring very little help to the sotck market, the reason is easy housing loan approval compare to margin loan, bank willing to give more loan to home buyer than investor

They are cheaper and also giving significantly more dividend compare to any local bank
:)

Local bank is all very expensive
That is why EPF want to diversify their fund into foreign bank

Pbbank once again claim its crown in the klse

WB2F: gotta agree with you stock market need to make 1000% each in a carefully diversified portfolio to outperform property investment.
Diversify is a nut for property investor

Four years back the average rental return of property investment is 7%, which stock can have the same result?

I hire agent to manage my house and now I don't need to work anymore
:)

"The reason we have billionaires who are still in their twenties is not because they bought investments. They created investments, called businesses, that millions of people want to buy." He compares investors to people buying tickets to a game. Businesses are the one selling the tickets to the game (i.e., shares of stock).

============
"Today, I notice people becoming instant millionaires, even billionaires, just by taking a company public through an IPO. I often wonder if the company's mission was just to make money for owners or [Venture capital and founding] investors or was the company really formed to fulfill a mission or some kind of service? I am afraid that many of these new IPOs will ultimately fail because their only mission was to make money quickly. Besides, it is in the mission of a company where the entrepreneur's spirit is found."

This guy reflect my Johor buddy who own several houses and can retire too.

Sell, hold cash and wait crash?

Johor buddy very rich
Buy one full lorry of Bpuri after bjcorpse

May be I will get some at 7.00 and get caught naked

Many get caught in Maybank after they pump pump pump now, and they think they are buying cheap how ironic :)

Low liquidity is proven to be disasterous to Lehman, EPF is always aware of the liquidity than going to "cheap" bank, no price paid is too cheap for Lehman, for Pbbank its quality is proven to be sustainable for over 30 years, no doubt it is still the strongest bank to date, it has moat that no one can duplicate, consider to be the Berkshire of the asean

In Contrast to ppbank
4/10 EPF filed for 2,085,500 unit acquired
5/10 EPF filed for 270,000 unit disposed 3,358,100 unit acquired
6/10 EPF filed for 3,262,000 unit acquired


:)
The winner is clear now

4/10 EPF filed for 65,000 unit acquired to push up the price by 10 sen
6/10 EPF filed for 1,153,600 unit dispose and price fall by 10 sen
Do the maths and you know what kind of EPF is playing with all sheep here

Thank you all for donating to EPF so that I can get consistence income from EPF every year when I retired

EPF use 300,000 unit to push up price
So they can unload 1,000,000 unit shares to all of you at high price
In the end EPF save a lot of money
:)

Look at the volume today it is now 603,700 unit, today may closed at over 1,000,000 unit shares? Who can sell so much share in a single day?

Yesterday volume alone Maybank accounted for 568,300 x 7.7=RM 4.375m
Pbbank 541,150 x 19.78 =RM10.703m

10.793m/4.375m = 2.5 times more liquidity
What a joke to Maybank

Maybank liquidity is junk rate compare to ppbank despite its market cap is bigger
Maybank is 50% less liquidate compare to ppbank, didn't expect Maybank also infected by this poor liquidity problem
1. Malaysia’s stock exchange lacks the depth and liquidity to attract global investors,
2. The average daily traded value of Bursa’s securities market declined slightly last year, falling to just over RM2 billion.
http://www.freemalaysiatoday.com/category/highlight/2016/10/11/bursa-lacks-appeal-for-foreign-investors/

I thought felicity is a girlish name

Land is optional income why try so hard

EPF push up the price to trap everyone since early this year
Still there is plenty of sheep jumping in without much clue

It was 9.00 just early this year and now it is 7.70 today? 7.00 is the next stop?
Pbbank is 18 early this year and today it is 19.78, 22 is the next stop?

May bank current market cap:77.07bn
Pbbank market cap:76.38bn
Which one is cheaper to buy??

7.00 may be I will buy one small box to speculate
:)

This bank no hope

:)

It used to be lcth and it pass the baton to the geshen next baton will be?

Will it fall like a Geshen again?

In views of election coming closer
Crude oil will be stable, no one want to see Dow Jone collapse ahead of election
And the president want to protect the country from importing goods, build a wall
:)

Price has gone up too much
No company can grow forever especially klse company mostly sustain for a short terms of 1 year

Tp = 7.00 by year end

EPF push up and sell high
:)

Johor buddy is very rich
They buy one full lorry of mpcorpse pm corpse bjcorpse