stop thinking. especially with go-nowhere stocks like this. listen to, or watch what the market is saying -> look at the stock price. you don't have to be a genius or phd holder to read a price chart.

Post removed.Why?

look at wing tai, power root, hup seng, tune insurance and johore tin.

all going into Syed Mokhtar Al-Bukhary pocket. you still want to buy? i say boycott all the way. don't buy Proton. Don't buy Gardenia. full-stop.

you want to buy mas. seriously?

this stock is super bullish. 1 year up 86%. last 5 years up 550%. how about that.

citytrader, you're a smart guy. average up, not down! that is very good advice. averaging down leaves cash locked up in non-performing stocks, therefore causing you to miss out on other opportunities. excellent.

you guys have all made valid points. you've said it yourself, in not so many words. in addition to the strangeness of a road maintenance company going into oil and gas, you've got the governance issues. another question - why not just go for the same kind of business you have experience in - road construction and maintenance. make money, and plenty of growth in Indo too. leave o & g to the experts. do you think an accountant can become a doctor overnight?

what happened to Wigan Athletic, can happen to Parkson. relegated to penny-stocks. Metrojaya is part of mui industries. anyone want to check how that stock is doing?

now below RM4, if they don't hire the right people, RM3, then RM2 very very possible. Bursa is a cruel place. no mercy for non-performing companies.

you are right. i am wrong. congrats. keep buying and enjoying your profits! there is still absolutely no way i will EVER touch this stock. but thats me. i'm glad to miss out. more for you and everyone else to makan.

Accumulate at your own risk. The question you should all be asking is - Does Parkson have the leadership and management talent to pull off the China expansion?

The market is clearly saying "NO" - I agree

Quit China and hire a GwaiLo CEO with experience. Only then will the share turn around.

newboy. stop being a sickboy and taking pleasure from these people's suffering. do you think the market isn't aware of all these outbreaks? why hasn't the share already gone up? stop fooling yourself.

if 7106 hasn't already gone up, it won't go up, or rather not as fast as other counters. this share is a laggard. this is basic stuff man. stop trying to fool yourself.

"With regards to the collateral, the shares were worth RM 55,038,167 as of 6 May 2013 at a conversion rate of 1MYR = 3273.80 IDR." - that IS the point. the value of the shares change with the IDR rate and stock price. Not very good at all.

Why wasn't the 5o million held in trust to avoid this massive unnecessary risk???

The market knows this, that is why this stock is a laggard.

Don't be blinded by the dividend & buybacks!

this counter is fantastic as a long term investment. very competent management. why would anyone want to sell this stock?

highly unlikely to be a speedy rollout. i'm sure UMNO would like to win GE14 too.

KC, anyone can do the buy @ support sell @ resistance (buy at .40 sell at .50) but is that very rewarding?

anyone who has been following this disaster if a company know that the management are a bunch of lying a*&-holes and F*&kers.

The price has gone from a high of 8.00 to now .50. Has been in a downtrend for the last 5 years. This cat is dead and gone - roadkill

man i seriously hope you are right. by the way, has anyone else noticed that giant GAP in price on KLCI, after elections. that price-gap needs to close.

if you think this stock is on the way back up, either buy when it closes above 1.40 or at support at 1.09 - 1.10. that is if you must buy sendai (as if they aren't any other better counters to buy).

price action: - confirmed long-term downtrend, two touches at 1.40 price level, and price has rejected strongly both times. its confirmed strong resistance. unless price moves above 1.40 and closes above on daily and weekly candles, don't even begin to dream of 2.00.

and i still have stock - so i would love to be proved wrong.

yeah you're right i need to calm down, however i hate people giving bad advice. especially to newbie investors, because i had the same experience. listening to people talking cock can cost tens of thousands of dollars.

how much money have you lost Yang? must be millions with your kind of advice

only idiots talk like this - "it will fly...when the new out"

don't be a dumb dumb and by cliq. you will lose. i keep telling people - buy good counters, oldtown, power root, mbsb, apollo, wing tai, johore tin, cbip, jobstreet.

only buy cliq if you;re a professional trader/speculator

"new come out ma" is not an investment strategy

no

I can only suggest junior. Its up to you to check my info (by googling the company & doing some of your own research). Then you have to man up (take responsibility) and make the call to buy-when, buy-how much, and when to sell. That is the fun of investing. Otherwise you pay an investment advisor to help.

O, btw, if you see people taking about "fly", "hantam", "goreng", these are speculators/gamblers who don't have any idea what they are talking about and have lost shit-loads of money in the past and going-to in near future.

don;t listen to idiots like peter123. talking absolute rubbish.

all the chinese stocks are exactly like Transmile or Ekran. Do you know what I'm talking about? if not, get out of Bursa.

This management team is top class. Really takes care of minority shareholders. How good is that! Makes Kseng management look like ametuers

can theme has begun. watch the can-related counters. probably due to falling price of tin.

http://www.lme.com/metals/non-ferrous/tin/ - click on graph.

As tin price drops (due to stronger US dollar on talk of QE ending) all can counters will go up.

Post removed.Why?

Post removed.Why?

At the end of the day its your money. Do what ever you want.

No it won't. in 6-12 months you'll all be crying. You're better off buying a real company with proper management, financial track record and dividend track record. Buying a SPAC is for short term speculation and defiantly not for a newbie investor. To suggest this for a newbie is irresponsible!

No not CLIQ. Its speculative. Thats bad advice for a newbie investor necro. You should know better!

some found a can opener and open the can!

Buy stocks first. Not warrants! You can select any of these counters. Wing Tai, Power Root, CBIP, Johore Tin, AXREIT, Tune Insurance, Apollo, Hup Seng, Jobstreet or Daibochi

If you're new to the stock market, the biggest mistake you can ever make is to buy KNM stock or warrants. Stay away from KNM like you would stay away from Chinese "lamb" or chicken.

No stopping this bad boy!

This stock has lots of upside. Just broken out from long-term resistance (2.07 on 5 year monthly chart). So most likely will be heading to 4.00 (my personal TP). Bear in mind there is a big GAP in KLCI which needs to close. Therefore you either can wait for that to happen, then buy, OR just buy now and don't look at price until December.

very good company.

This stock has problems. Management up to some tricks. So beware.

http://cgmalaysia.blogspot.com/search/label/Protasco

Protasco: a sliver of information

I wrote before about Protasco.

It has been very quiet regarding "Protasco's Puzzling Purchase", announced in December 2012, despite an interview in which the MD said that an announcement would be made in the middle of March.

The company announced recently its audited accounts and in it can be found a sliver of information regarding the oil & gas acquisition:


At least now we know what the securities are that are held in trust against the RM 50 million deposit: PT Inovisi Infracom TBK (a company with several directors linked to Malaysian companies). If that gives enough assurance to the shareholders of Protasco is up to them to decide. A small drop in value of the shares of PT Inovisi Infracom TBK or of the Indonesian Rupee and the collateral could be worth less than the RM 50 million deposit.

I am still quite baffled why the RM 50 million itself is not held in trust, the only reason I can come up with is that the money is actually being used for an undisclosed purpose .... more at http://cgmalaysia.blogspot.com/2013/05/i-wrote-before-about-protasco.html

2.34 sweet!

2.25 this morning. Don't snooze on this one guys.

if you;re serious about playing bursa, then buy serious companies. gambling is for genting and definitely don't buy China companies anywhere but in China. Never in Canada, US, Singapore, Hong Kong or Malaysia. All have scandals, going way back. You all should know this if you play the stock market.

anybody still holding this stock need to sell NOW. If you're buying now, might as well go to Genting and play roulette. this stock is a piece of shit (so too are the "management"). Its going to go to hell. If you bought at IPO, then my sympathies, but take this as a lesson and NEVER buy Chinese companies again!

Add to that list - Apollo, KLCCP, CBIP, Tune Insurance, Johore Tin, Hup Seng, Job Street, Carlsberg, GAB even POS Malaysia (unbelievable). Imagine POS going from 3.50 to 4.50. How about that?

i fail to understand why people are so attached to Kseng? Everybody know that this share has potential. Reminds me of my parents saying I had potential. But I sucked at school. And this share sucks too. The management sucks as well. If they had half-brains this share would easily be worth 20-30 ringgit. But these guys are the most stingy buggers. And stinginess NEVER causes the share price to go up. Reminds me of YTL.

sephiroth, with all due respect, you could have bought Tasek, UMW, Aeon, Aeon Credit, Old Town, Power Root, Ax Reit, Scientix, Daibochi, Harta even AirAsia in the last 6 months and made MORE money!

Wing Tai carries 11 fashion brands in Malaysia such as Topshop, Topman, Dorothy Perkins, Warehouse, Pumpkin Patch, Wallis, Karen Millen, BCBG Maxazria, Diva, Miss Selfridge and Ben Sherman. The company has a total of 69 retail outlets (excluding Uniqlo) as of end-June 2012. Currently, Topshop, Topman and Dorothy Perkins are the top three sales contributors to the group. In the past three years, the number of stores grew from 53 stores in FY10 to 69 stores in FY12, while revenue per store climbed steadily from RM2.33m/store to RM2.43m/store over the same period. The company is expanding its retailing business aggressively, aiming to open 15 outlets in FY13 and to achieve a total of 100 stores by 2015. Besides Klang Valley, Wing Tai is looking at new market opportunities in eastern Peninsular Malaysia and East Malaysia. In addition, it is currently looking to add new fashion labels to increase its brand portfolio.

Uniqlo to boost earnings. Wing Tai has tied up with Fast Retailing Co Ltd (Uniqlo Japan) under a 45:55 joint venture (JV) agreement. Uniqlo Malaysia’s revenue is expanding rapidly with its five outlets located in Farenheit 88 Mall, Suria KLCC Mall, Mid Valley Megamall, 1 Utama Store, and Setia City Mall. It is eyeing two new outlet openings in Sunway Pyramid and Paradigm Mall by November this year.