Mike....This is the article from the edge..... Market Close KLCI rebounds on govt funds' support amid Ukraine crisis
Business & Markets 2014 Written by Chong Jin Hun of theedgemalaysia.com Monday, 17 March 2014 17:18
KUALA LUMPUR (Mar 17): The FBM KLCI erased losses in volatile trade for a 10.04-point or 0.6% rise, supported by Malaysian government-linked funds. This came amid Asian market losses as investors anxiously eyed the Ukraine's political crisis. Malaysia's KLCI settled at 1,815.16 5pm. The index had risen on gains in stocks like Public Bank Bhd and IHH Healthcare Bhd. "It is a short rebound of the KLCI ," a fund manager told theedgemalaysia.com over telephone today. The fund manager believed government-linked funds like the Employees Provident Fund and Permodalan Nasional Bhd had supported the KLCI. According to the fund manager, this contrasted with other private fund management firms which were adopting a short-term strategy of waiting for a clearer direction in the local stock market. The KLCI's gains followed a 13.74 point or 0.76% decline last Friday. Today, Bursa Malaysia saw 1.27 billion shares worth RM1.52 billion changed hands. There were 300 gainers versus 436 decliners. The top gainer was Nestle (M) Bhd while Petronas Dagangan Bhd led decliners. The most-active stock was Malaysian Airline System Bhd. Major Asian markets fell. Japan's Nikkei fell 0.35% while while Hong Kong's Hang Seng declined 0.3%. Reuters reported that Asian shares hovered around one-month lows on Monday as Western countries issued fresh warnings of more sanctions on Moscow after Crimea voted overwhelmingly to break from Ukraine to join Russia, as had been expected. Crimea's Moscow-backed leaders declared a 96-percent vote in favour of quitting Ukraine and annexation by Russia. Western powers said the referendum was illegal and they would impose sanctions quickly. President Barack Obama, rejecting the referendum result, warned Russian President Vladimir Putin that the United States was ready to impose sanctions on Moscow, in the gravest crisis in East-West relations since the Cold War.
If looking at previous 3 days volume, sum up also not even reaching today's strong 7.15M volume. Sifu mike analysis is really outstanding. Learn something new today :))
changlk03 & butter_will_fly: 1.TAFI PE is 475x and KGB PE is 60x. OMG! run for cover. U guys r kidding, lose underwear ma!!
2.SCICOM - Price based on forward PE of 13x FY14 eps of 6.8c = RM 88.4c. 3.Coastal - looks ok, and fundamentally strong. 4. Also Inari and Inariw - good
Ahaha.. so many people complain about mbb platform like me before. Wakaka.. :)))
Bro butterfly/optimus8/Sis connie/Lady hepi (I think hepi lady sound better right? Which one u like? lady hepi or hepi lady? Lol.). I think bro mikekong to hit the chances right is very high. This is my view la. Encorp today is not shooting star. Bro mikekong also explaining about the transaction done on today. Indeed, very strong support at 1.32 and 1.32 has now become the support level. If tmr able to close higher than 1.32, even though less than 1.38. The chances for Encorp to close lower than 1.32 in coming days is very unlikely ady. Current market price is traded below the nta and PE is very low right now. Price and volume has a sharp climb since the year end profit has an increased of more than 200%. On top of that, Felda is keen on taking 20% stake. Rumors again, sure goreng de lo. With these, chances for it to go lower is very slim. Volume has increased tremendously since February 2014. So if u could see these, the downside potential is very limited. Anything drop in price could be due to temporary of profit taking because of strong up surge in price for this year (is the breaking the high price for the past 5 years). But the upside potential is very huge, the ceiling is very high. A lot of growing space for it to go. Just my view only lo. If anything commented wrongly pls advise ya. Learning from one another ma. Keke.. :)
Bro optimus8. U bought Encorp also? Then Huat together la. Manage to grab some at 1.32 today. Keke.. Hope is right then. Very scare comment wrongly and brought some people go holland holidays with me. Lol.. :)
Hepi lady. I think okay gua. Bro mikeong also said okay for Encorp. If bro mikekong say not okay, better don't follow me lo. Scare will bring u go Holland. Wakaka. :)
hepitrade. cannot simply buy. bursa open for trading 258 days/year;make money slowly meh.luckily you didn't jump into FCW last week or else today burn you into black charcoal.
hepitrade. 0.08 dividend ex date 27/3/14. deduct this dividend around the support right. announcement this month 1 split 5 and after split 1 for 3 bonus. you buy 1.2k then you will get 8k. this one sure winner if you hold another 2/3 months.
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....
Posted by hepitrade > 2014-01-02 18:04 | Report Abuse
What say you, bro & sis ?