to top up point 1,

if m not mistaken, for a share to be classified as shariah compliant, it must demonstrate its compliance with the shariah rules to the Securities Commission and not to Bursa. SC is the authority that supervises the capital market and not Bursa, Bursa is merely an exchange that facilitates the exchange of shares to ensure each trading/corporate transaction complies with the listing requirements and rules of the exchange,

Based on my search in SC, the latest list of shariah compliant stocks was last updated on 31 May 2013 (http://www.sc.com.my/data-statistics/list-of-shariah-compliant-securities-by-scs-shariah-advisory-council/).

So having said that, Caring may have yet to be able to declare itself as shariah compliant in its prospectus as it may has yet to receive the official approval from the SC (disclaim: guessing, not sure).

Additionally, since Malaysia intended to bcome world's best Islamic financial hub, there must b some encouraging factors for issuers to be shariah compliant then only more funds are flowing into the capital market to grow listed business in Malaysia. So based on such criteria, caring could be shariah compliant either in the short term or it is already is. To be ascertained, pls call Caring's CEO.

Hi all,

I wish to clarify/discuss 2 points here, being:-

1. whether Caring is shariah compliant

-Based on my search in Bursa, Caring does not appear to be a shariah compliant stock. However, this does not kill the idea that it is not shariah complaint as some of the IPO shares are allocated to Bumiputera investors and there is a possibility that Bursa has yet to update the list to classify caring as shariah compliant stock or the Company has yet to apply for it.

2. whether Tan Sri Vincent Tan will dispose off his shareholding in Caring
-Based on the prospectus (page 215), TSVT is prohibited to dispose off his shareholding within 6 months from the IPO. However, i dont discount the possibility of person acting in concert with him to dispose the shares in the open market now to gain the handsome premium now and to fry the stocks again by tml, as we can see some selling pressures today due to mixed possibilities, being, weak market sentiments and/or disposal of successful IPO subscribers.


Reference to point 2:-
http://announcements.bursamalaysia.com/EDMS/subweb.nsf/all/6BFF7477B1BBD7D148257C080006A920/$File/CARING-Page%20110%20to%20Page%20228.pdf

Hope it clarifies.

any price below 1.47 is attractive buy for me for Alam Maritim.

Yes do what directors do. Buy. But, could that be a trap for the Director to lift up the price and to sell again at a revised higher price? In view of the weak sentiments shown recently, buy on weakness is smart, but perhaps the price isnt at its lowest.

engtex is a good business. worth the try~

i sold it too fast.... Lol

LOl... up up again.... gogogo!!!

walao..... dropped to the red...

I cannot tahan u ady!!!!!

fortunebull, so giving a blowjob with a karex condom on must be very enjoying, since u can taste a hotdog with asam laksa flavor. Not even durex can make it!

Alamak... Geramny... cry die de d

Alamak... Geramny... cry die de d

this counter will only moves when its rubicone secures a long term (ie at least a 1 year contract). Perisai draw most of its earnings from rubicone but surprisingly it wasnt renewed when the existing was due. Analysts are upbeat on Perisai though.

i have sold mine. bought at 2.59 and sold at 2.97. Bye Karex and Thanks~

Will come back later

no. this is a fundamental stock, not suitable for impatience trader.

bolehla~ is just a matter of time n pace only~

ic ic. thanks!

choonhock, can u elaborate further? newbie here. TQ!

the price is too handsome for correction.

any linkage between langkawi and luster?

I like this~

The recent budget has made a tough measure on the property market, being:-

1. introduction of RPGT;
2. revision of foreign ownership from rm500k to RM1m;and
3. removal of DIBS.

Given the above, property stocks (especially those develop high-end properties) may need some corrections.

Pantech!

Lol.... i think tml will be in correction mode in view of the substantial rocketing in share price since IPO. Perhaps a small rocket at pre-opening and a "landing" on 2nd half~

Perisai is lagging behind.

According to its prospectus, it has plan to double up its manufacturing base, so by then, u may imagine~

i take this as a good fundamental stocks. dont be swayed by the short-term distractions.

hahahahahaha!

fortunebull, so can the "palm" of the glove turn into a bra? i think it is pretty cool! u just made my day

Do you use gloves (topglove) more often than condoms? if is a no, then pls buy karex!

no doubt, rubber prices, competitions, technology and quality control continues to be the constraining factors. but hey, condom man!

mililia,

In relation to your conclusion 3, i would like to remind you that one of the superior feature of Warrant is that it carries "time value", which literally means that the prevailing price of the warrant (i. RM0.170 as at me writing this post) is the market expectation that the mother will move above the exercise price in the future but before the maturity. Hence, it is not correct to say the warrant is now "over-valued/expensive". I would suggest you to test the valuation of the warrant using academic models or to judge it based on the prospects of the mother. if the prospects of the mother share is on the potential upside, the warrant, theorectically, should perform in tandam with too.

Hope it clarifies.

i bought the redtone-WA at 0.485, it is really catching my nerves~