MRCB is the type of share that is news-driven. If one were to base selections on fundamentals, there are many other better companies. Its dividends, for instance, are nothing to shout about. And its PE ratio isn't exactly low enough to be compelling (In my opinion, Mudajaya is much, much better).

However, if one is more keen on price appreciation, it should be considered. It is also perceived to be politically-connected, so it tends to have advantages here. Knowing how investors/speculators tend to react upon hearing news of "x project awarded to y...", i.e. jumping in to buy and moving the price up, MRCB is a good play. For me, it's a short-term counter -- go in, wait for it to go x%, and get out immediately (but sometimes you'll have to wait a bit; like now).

Buying MRCB is also a bet that Umno/BN will do better than it did in 2008. It has gone down due to worries about the GE. BUT when things settle down (and provided BN does perform better), this is one counter that you can ride out for good capital gains. Especially when buying at the price it is at now.

The RSI has gone above 30 for the first time in over a month. Now we're starting to see an indication of the "Power" as in its name. Its movements today will definitely attract even more attention tomorrow, especially in the way it steadily added the 7 sen.

Its quarter report - The power-generating business should bring about the same more or less. But it's YES that will be of interest - a smaller loss as compared to the previous quarter will significantly improve its standing among investors and fund managers. This will get better when revenue from the `1Bestarinet contract starts to kick in.

YES will have to do better in getting new subscribers though. I would like to use it since I'm also THE OWNER of YTL Power (albeit a few lots Heheh!). But P1 offers more bang for the buck right now - offer better packages or at least match P1 and this loss-making division will turn into a real asset.

Have just seen this: Shares Buy Back of 100,000 units today. http://klse.i3investor.com/servlets/anpth/105480.jsp At 2.50 - this must be towards the close this evening. It the company continues doing this (like what YTL often does), price slides might be checked.

Indications are that it will/should be unless there's more negative news about Europe. I believe China's intention to stimulate its economy plus the meeting between German and French officials prior to the EU finance ministers' meeting on Wednesday will help improve sentiments. Most of the bad news have already been priced in, especially about Greece's and Spain's. Anything positive will spur the market to remain green although the upside will be limited.

I see. I'm with Affin - I presume the same info must be there somewhere. Haven't really looked around beyond the usual real time price info. Thanks.

jester - Yes, of course. Nowadays no need to buy a stamp to send messages:-)

Europe mostly green; DJIA at +92 (0.75%), S&P +14 (1.14%) - hope it stays this way. But with DJIA, you just never know. Been quite volatile and choppy lately - green sometimes in red and vice versa. Hopefully, the Asian markets, including us, will start having more confidence and less fear. The Germany/France and EU finance ministers' meeting is crucial. Plus China's plan to stimulate its economy. All of these will help counter the Greece/Spain fears.

JimYeoh: These are Mudajaya shares, I presume? By the way, where do you get the daily information about the major acquisitions and disposals, please? I'd only come to know of these through the broker's newsletters. But the transactions are already 2-3 days old.

cendana287@gmail.com

KLSE went up but Mudajaya is down 1 sen. It was doing okay earlier on, putting up 4 sen, but slided in the afternoon. However, this should be seen as a good opportunity to buy because we have seen how fast and high it has gone during the last run. Most of the European markets have started on a positive tone - if this continues and if the US market is positive too, then there should be more optimism this week.

Actually I'm with Affin, which also issues daily reports> But it is not as comprehensive as CIMB's. I get the latter's reports from a friend who forwards them to me every day:-)

From CIMB Investment Bank's monthly calendar that comes with their daily market report.

Doing well today - up 5 sen with reasonable high volume. Is this an indication that the heavy selling is over? Or some insider trading ahead of the 3rd Quarter report?

So many sellers at 1.94/95 so the counter is facing a lot of difficulty to go past that today. Will those buyers at 1.90 still be around when it goes lower or are they actually fake buyers as thunder_storm says and will disappear?

When it comes to forced selling, the price will definitely slide. The brokers will just be trying to liquidate the outstanding contracts, not looking for the best price. So, whatever "Buy" bid come up, they will sell into it. This will lead to the price going lower, of course.

But there's also the possibility that fund managers are at the sidelines and watching SKPetro closely; waiting to scoop up shares when it reach x level. If this happens, forget about it going below 1.90. And if it goes past 2.00, it might not come back down again. This 2.00 is an important psychological factor.

By the way, take into consideration of the contra buyers who are looking to sell. Transaction + 3 days from its listing last Thursday is coming up tomorrow, so there's a possibility the price might not move up much since there will be a lot of selling.

Jester - That's the risk we'll have to take. The index *is expected* to drop below 1,500 - at least that's what some analysts say. But one can't count out the possibility that it might be in the opposite direction. Right now the worries are about Greece, Spain etc... external matters. However, there are indications that the ECB will do something. And China has mentioned today about stimulating its economy. So, all is not lost yet although we should be cautious.

Anyway, when it comes to SKPetro, its movements aren't index or market related yet. After the merger, it is still trying to find its footing price-wise; trying to find the equilibrium. It might go down further, OR it might get above 2.00 and may never come back. This is where we have to make our own individual decisions.

My own strategy is this - buy some now at this price while holding to the rest of the capital in case it goes down further (to buy more at a certain level). If it does go up, then I'll benefit, although not fully. At the same time, if it goes down, I still have some gunpowder dry to be utilised.

It is always possible there are vested interests in these reports. Not just by Kenanga but also the other investments banks. That said, these reports are useful in that someone is doing the hard work of compiling the facts and figures for us and undertaking an analysis. I would read them but I feel we should form our own judgements since it's *our money* that will be put on the line.

SILK has been sliding down over the past few weeks.If it gets near 30 sen, might be worth taking a risk and hold. After all, this is a highway concession AND oil & gas with the latter bringing in the bulk of the revenue. The problem is its debt - a good portion goes to servicing loans.

Yes, it would probably be lower than the previous. Especially when MRCB can't collect the toll at the EDL yet and having to pay interest costs for building it. The lack of news impetus is what that has been bringing it down over the past couple of months, mostly, besides worries of the General Election. If there is news about the EDL and the Sg. Buloh land, investors will be interested again.

One thing that we should bear in mind is this: Facebook IS NOT Google. Or like it. FB and the underwriters - plus some analysts - highlight the *hope* that it could turn out to be like Google... hence the justification of the US$100 billion market capitalisation. Then there's the 900 million users. But what use is this if it can't monetise the huge number of users? Same as Twitter - huge user base but how to monetise?

Last Friday, investors seem to have doubts too. FB would have gone below the IPO price had the underwriters not supported the price. But how long can they continue doing so? My own opinion is this - the $38 price is way, way too high. Wouldn't be surprised if it were to drop to $20 in a few months, especially when the `lock up' shares come to the market. FB and the underwriters were too greedy pricing the IPO at its very maximum.

If one really wants to buy US tech stocks, what's there to dislike about Apple and Google? These company are already making big money and will continue to do so. Facebook? For now, there is only *the hope*.

Let's see how the Nikkei and Hang Seng starts tomorrow. Mudajaya has gone down so much - 13 sen last Friday - and there *should* be a rebound.

joseph2321 - As Namoyaki said, YTL Power is not for short-term traders... *usually*. However, one can also get lucky - especially at this price. Right now it's all a question of the big seller (YTL Corp?) - if it has finished unloading, there's a great chance of YTLP going up. This is the main reason why the price has come down so far.

What can you fault with this company?...it is a defensive stock (utility) that gives quarterly dividends. At this current price, the yield is around 8%, which attracts fund managers.

gijoe - Thanks for putting this opinion here.

3rd Quarter Report on Wednesday 24 May. By the way, YTP Power didn't do too badly last Friday. Many other counters dropped quite a few sen but YTLP limited it to only 1 sen. Hopefully the heavy selling is over.

Tuesday 22 May, MRCB's First Quarter report will be announced. Hope it will be good and serve as one of the catalysts to move it up again... and stay up. Over the past few weeks, whenever it goes up a bit, many would already sell.

Tak ada lah dalam newspaper. Atas kadar 1.96 sekarang, saya pun dok tertanya jugak. Cuba tengok dalam Maybank punya link ni: http://bit.ly/JuhiKi

I think Gas Malaysia should be regarded differently. SKP is basically a merger while GM is a `real' IPO. There's a feature about it in yesterday's The Star's BizWeek - at 2.20, GM is being offered at a low PE ratio of 13 (Tokyo Gas is at PE 21). And this being a dividend stock, GM will surely attract fund managers.

Mana tahu, mungkin masih ada rezeki walau yang 2.09 tu? Yang turun sampai 1.91 kerana yang contra panik, dok cut loss. Bila dah tak ada yang tu, harga naik. Fund managers mungkin tak ambik banyak lagi sebab bimbang hal Europe. Tambah-tambah lagi main Asian markets semua jatuh hari ni. Kena tunggu Europe dengan US camana malam ni... dan perkembangan Greece, Spain masa hujung minggu.

It has gone back to 1.99. This is encouraging - has SKP found its footing?

kl foong: "born at the wrong time"... that's a very good analogy. Unfortunately for it and investors. This is a rather negative period when it comes to shares and SKP is born facing storms and uncertainties. Even the solid companies in other different industries are seeing their prices going down.

SKP has slided even further to 1.93. Does that make it a `bad' counter? I'd say no - it's the present time and circumstances that are bad.

Nobody knows what's going to happen in the future. In fact, we don't even know what the price will be at 5PM today. So, we'll have to use our own experience and judgement when it comes to buying (and selling). With SKP, I feel the price right now is okay. But I'm not discounting the fact that it might slide further.

So, in this situation, I'd say buying "some" (i.e. not committing all your capital - one-third, for instance) would be prudent. If goes up after this, then great because we'd benefit. But if it goes down and reach a certain level, we can buy some more (another one-third of allocated capital).

The thing is, SKP is a company with potential and I don't want to kick myself in the future when the price goes up. Remember Bumi Armada? Many adopted a wait-and-see when it was at 3.50 or so... and then saw it shooting towards 4.50. With a company like this, it might be wise to hold a few lots and wait, especially at this price.

Weak sentiments in the overall KLSE market - in fact, *the world* today. Besides Greece, now Spain looks to be in trouble also. This is bound to have some effect on SKP. Right now some traders are cutting losses, which further depresses the price. It's very attractive but as talk2pkc said, we might need to hold it for a while. I'm weighing whether to buy a few now. Hopefully, the downside risk has already become much less.

joseph2321: That's the million dollar question... if only we *really* know when. If one were to buy based on fundamentals alone, there's nothing wrong with now and at this price. However, there's strong selling pressure the past few weeks - it can't go up when the big boys sell every time there's a rise.

I'm also using some technical analysis to try and get the `best' time. Am looking at the MACD 26d,12d for a breakout (when the blue line crosses the red). It's not there yet. However, you should base the buy decision based on this alone although with me it's a good enough rule-of-thumb.

ragen9: Tak apa, jangan perkira sangat satu-dua sen ni. Strong support at 1.10 with fund managers buying towards the close.

I would say you have gotten it at a reasonable price. Have to take into consideration that the reference is 1.24 - and it had gone to 1.30. So 1.11 is definitely acceptable regardless of how it goes.

alntm: You got it. Now 2.11.

Going up again. Wow! A lot of action with this counter.

Sliding down to 2.13. You might get it at 2.10.

Due to the merger, both SapuraCrest and Kencana will be delisted and combined as "Sapura Kencana Petroleum" today (17/5/2010). Under what counter number will this be? And what is the new incorporation date for this new entity?

For the first time in a few weeks, YTL Power closed strongly positive yesterday afternoon. It has gone down so much and should retrace some of its losses.

It's not limited to just Mudajaya. Many other companies also suffered a `mini-panic' in the afternoon. Traders were cutting losses instead of just keeping their cool. This, of course, brought the price lower. The opposite will happen if there's an indication of an upswing - traders will start jumping in again. But whatever, if one is a value investor who looks at fundamentals, this is one of the companies to own.

Oops! It should be "Hwang DBS and CIMB both recommended `Hold' ... and Axiata SHOT UP a huge 1.61 to 7.00!" That's why we can READ and CONSIDER these analysts' opinions but in the final analysis, it would serve us better to implement our own decisions. Congratulations to those who had bought Axiata.

HwangDBS andSHOT UP a huge 1.61 to 7.00!:-)

By the way, my comment above shouldn't be taken to mean that I'm recommending a buy - it's just my own personal observation. For all you know, it might slide further tomorrow if there is heavy selling by the big boys. Its moving average doesn't signal a "Buy" yet, although this in itself doesn't necessarily mean it will go down further.

I'm interested in YTL Power because: (1) I like its power-generating business and feel the company has enough smart people to know what to do with its YES network. (2) It gives regular dividends. (3) It's a big-cap counter (this is what the foreign fund managers buy, although it's a double-edged sword. (4) I already have some lots at 1.70-something - if it goes down to a certain price, I will buy more to average the price.

The charts say it is oversold, which means there should be some technical rebound. YTL Power seems to be like MRCB in a few ways - out of nowhere, when speculators think a bottom has been reached, they would jump in. However, both also don't seem to have backbones the past few weeks - traders would sell after getting just a few sen. Can't blame them though, in this kind of market. Often, it's better to sell and run after making a small profit... and wait for it to go down again.

Wonder what's the problem? Its power generating business is doing well enough, and YES just won the 1Bestarinet internet project for schools. This is also a company that pays dividends every quarter. But the price has been going down.

It was lethargic for the past week or so regardless of whether the general market was up or down. But there were some positive buying activities in the afternoon today. Let's see whether there is renewed interest in Hiaptek tomorrow.

I'd say SB will likely undergo a capital reduction since it doesn't have the option of calling for a rights issue. If I'm not mistaken, rights must be at least at par value and not less. Who in his right mind would want to subscribe for 50 sen/share when you can get it at 15 from the open market? Only then can it call for a rights issue. Many companies have done it this way during their restructuring. SB's NTA *is said* to be 52 sen. But a stringent auditing might reveal a figure of much less.

Anyway, speculating-wise -- regardless of the financial mess SB is in, I would say there should be *some* value left in it, no?...that it won't go totally down the drain...? Let's consider these: (1) The negative aspects are now all *mostly* known. We are just waiting to know about the exact financial situation from the current auditing. (2) What other nasty surprises could there possibly be? (3) The bad news has already been factored in its current price.

So, how much lower could it possibly go - would it go below or close to 10 sen? Your guess is as good as mine. But to me it should be at or very very near its bottom. In the event of some sort of positive news, there's a very real possibility it would rise to 20 sen and above. Percentage-wise, that would translate into some serious $$$ since it's a counter that you can easily own at least 50, 100 or more lots. I'm weighing the reward-to-risk and decide whether I would dare to take the plunge.

It's always like this for us traders - sceptical and doubtful when the price is at x (like MRCB now at 1.69)... and then kicking ourselves with that "If only I had bought!" when it goes up to its usual 2.00-plus range:-) If the Europe and US markets don't `kacau' too much and affect the sentiments here, MRCB should recover from its current oversold position very soon.