msia market is pretty much overvalued.. historic pe ratio of klci is 16.5. Klci pe ratio is 17.8 now, with dividend yield 2.9% (lower than FD). market crash wont be far off... pennies goreng till very high price... undervalued counters not much left...
Next year is a bullish year to break 2000 towards 2500. Buy more now.. USD index is still in the control around 80%. It is still under balance amount so QE injection is still under enable mode..The reversal is small one within these couple years ahead unless it reaches 2500.
Re: Joeylee, not too sure about 2500. This Sept, watch out, see if correction happens > or less than 10%. if it's a small one like 10% or less new bull market high this Q4, then this bull will be over by Q4. If more than 10% say like 20%, then this bull in 2015 is likely to extend. Watch Europe.
Thats why its important to see if pullback is significant or not. If yes, then maybe more qe... if no, and stock still go higher after small pullback, bull will end soon.
Still can hold it until next year. Positive movement and positive news. Do not dump it too early.Short term strategy is not good in here. Sumatec short term OK.
Malaysian billionaire Vincent Tan owned MOL Global files for US IPO
NEW YORK: Online payment company MOL Global Inc, majority-owned by Malaysian billionaire Vincent Tan, filed with U.S. regulators on Monday to raise about US$300 million in an initial public offering of American Depositary Shares.
Also known as Money Online, MOL is expanding in Southeast Asia and plans to tap Malaysian government's push to drive e-payments in preparation for a new consumption tax that kicks in next year.
Tan, one of Malaysia's richest men who made a fortune running businesses from lotteries to hotels, owns a 69.3 percent stake in the company.
MOL, which snapped up Friendster Inc - one of the earliest social networking sites - in 2009 to boost its online reach, said in January it processes an annual payment volume of over half a billion U.S. dollars.
MOL is the largest e-payment enabler for online goods and services in Southeast Asia by payment volume, according to market research firm Frost & Sullivan.
MOL is also present in India and Australia. It turned its focus to the U.S. and Brazilian markets by taking up a majority stake in Silicon Valley-based e-payment company Rixty Inc in 2012 for an undisclosed sum.
The company reported revenue of 171.5 million Malaysian Ringgit ($54 million) for 2013, a 79.4 percent rise from the previous year.
MOL's profit rose to 18.7 million Malaysian Ringgit in 2013 from 6 million a year earlier.
Citigroup, Credit Suisse, Deutsche Bank Securities and UBS Investment Bank are underwriting the IPO, the Kuala Lumpur-based company told the U.S Securities and Exchange Commission in a preliminary prospectus. (http://1.usa.gov/1jJjmql)
The company said it intends to use the proceeds from the offering to repay debt and for general corporate purposes.
The filing did not reveal how many shares the company planned to sell or their expected price. The company said it intends to list its ADSs on the Nasdaq but did not reveal its symbol in the filing.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different. ($1 = 3.1790 Malaysian Ringgits) - Reuters
WHY THIS COUNTER BCORP IS NOT MOVING LIKE OTHER COUNTERS..IS IT TRUE MANY ARE SAYING VT IS A BLOODY CROOK,...TO ME I FEEL IT IS BETTER FOR HIM TO SELL SOME PORTION OF HIS BCORP BUSINESS AND RETURN BACK THE MONEY TO INVESTORS WHO HAD BEEN LONG TIME HOLDING THIS COUNTER..SOME BOUGHT IT HIGH ABOVE 2... BE FAIR TO LONG TERM INVESTORS MA....DO NOT CHEAT INVESTORS,, IT IS BETTER TO RETURN BACK THE MONEY TO INVESTORS...ONLY SINCERE INVESTORS, WILL BE HOLDING FOR LONG TERM, EVENTHOUGH INITIALLY THEY BOUGHT HIGH, OVER RM 2, A FEW YEARS AGO.. SO PLEASE GIVE SOME TYPE OF REWARD TO THIS SINCERE INVESTORS...IF POSSIBLE RETURN BACK THEIR MONEY,, BY SELLING OFF SOME PORTION OF BJ CORP BUSINESS.. THIS COUNTER IS COMPLETELY PARALYSE, IT WON T BE MOVING UPWARDS ANYMORE
IF THE MANAGEMENT OF BJCORP CANNOT PUSH THIS COUNTER DURING BULLISH TIME, EXAMPLE NOW, THEN BETTER SELL SOME PORTION OF THE BUSINESS AND RETURN BACK THE MONEY TO INVESTORS, SO THEY CAN INVEST IN OTHER COUNTERS.. DO NOT BE SO SELLFISH, THINK ABOUT OTHERS, AND THE LONG TERM INVESTORS.. HOW LONG THIS VT WILL BE CALLED AS A CROOK...DO SOMETHING NOW, WHEN MARKET IS STILL BULLISH
THIS CUNNING CROOK,, VT IS NOT PUSHING UP THIS COUNTER.. SEE ON BURSA NOW, MANY COMPANIES DIRECTORS ARE PUSHING UP THEIR STOCKS...SO WHAT THIS VT IS WAITING FOR???
BJCORP: Notice of Shares Buy Back by a Company pursuant to Form 28A Back Date Of Buy Back From Jul 07, 2014 Date Of Buy Back To Jul 11, 2014 Total Number Of Shares Purchased (Units) 17,384,900 Minimum Price Paid For Each Share Purchased (RM) 0.465 Maximum Price Paid For Each Share Purchased (RM) 0.480 Total Amount Paid For Shares Purchased (RM) 8,265,940.11 The Name Of The Stock Exchange Through Which The Shares Were Purchased BURSA MALAYSIA SECURITIES BERHAD Number Of Shares Purchased Which Were Cancelled (Units) 0 Total Issued Capital As Diminished HASH(0xad97ff8) Date Lodged With Registrar Of Companies Jul 16, 2014 Lodged By GAN SWEE PENG
VT bought it at 0.475. How much he earns if he drop it now.. ? A piece of toothpick ? Worthy to annouce to public ? Why he need to announce ? Why he did not use internal agent to manipulate it ?
I don't think so bad Kua new low again hahaha heart attack de lo~~stick to recent trend (0.47-0.54) good enuf lo time to make repeated income which I already did it 3rd time^^
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sam2828
200 posts
Posted by sam2828 > 2014-07-13 22:07 | Report Abuse
msia market is pretty much overvalued.. historic pe ratio of klci is 16.5. Klci pe ratio is 17.8 now, with dividend yield 2.9% (lower than FD). market crash wont be far off... pennies goreng till very high price... undervalued counters not much left...