Stock Market Books

Showing posts with label Ramunia. Show all posts
Showing posts with label Ramunia. Show all posts

Tuesday, April 13, 2010

stock to watch from April 12, 2010

股項 代號 高 低 支持 阻力 開 閉 14日平均價

1.肯油企業(KENCANA) 5122 2.51 1.35 1.57 1.68 1.60 1.61 1.58
國際原油價格再次升破每桶80美元高峰,使沉靜逾年的油氣股受青睞。

2.戴樂集團(DIALOG) 7277 1.49 0.925 1.10 1.49 1.16 1.13 1.11
此股提供存油設施,會在油氣業發展中分一杯羹。

3.拉慕尼亞(RAMUNIA) 7206 0.735 0.18 0.36 0.43 0.39 0.37 0.34
海事重工若欲加速上市程序,可能會通過倒置收購拉慕尼亞進行上市。

4.馬化國際(MULPHA) 3905 0.67 0.29 0.46 0.52 0.495 0.49 0.47
馬化國際旗下子公司——Manta控股獲香港交易所批准在主要交易板上市。

5.馬來西亞鋼廠(MASTEEL) 5098 1.18 0.61 1.05 1.13 1.10 1.10 1.08
該公司專攻亞太市場,計劃多元化出口,為公司提供新的收入來源及提高股東價值。

Saturday, March 6, 2010

Why Ramunia can rebound?

On Feb 25, 2010, when Ramunia makes the announcement that it is being categorized under PN17, the market probably still in the dark except for some people in Ramunia.

On that day, Ramunia opens at 0.395, goes up to 0.40 and comes down to 0.39 and finally closes at 0.395. There are 873,000 shares traded on that day.

On Monday, many people were informed of Ramunia's PN17 status, therefore, many people started to liquidate this stock. It opens at 0.30 and comes down to as low as 0.18 because many people wanted just to get out of this stock. At closing, it is priced at 0.205. There are 59 million 958,700 shares traded.

On the same day, it comes out with another statement saying that the group's NTA remain positive.

It says that the diposal of the Teluk Ramunia Fabrication Yard is ongoing and is expected to be completed by April and upon completion, the group's NTA is expected to remain positive and will improve to a net cash position.

It is selling to Sime Darby Engineering Sdn Bhd for a final disposal consideration of RM 530 million cash.

A statement brings down the counter and another statement injects life into it.

The March 1's announcement is listed below:

General Announcement
Reference No CS-100301-8163B

Company Name : RAMUNIA HOLDINGS BERHAD
Stock Name : RAMUNIA
Date Announced : 01/03/2010


Type : Announcement
Subject : RAMUNIA HOLDINGS BERHAD ("RAMUNIA")


Contents : On 25 February 2010, Ramunia Holdings Berhad (“Ramunia”) made an announcement that it was an affected issuer under Practice Note No. 17 (PN17) of Bursa Malaysia’s Main Market Listing Requirement. (Reference No. CS-100225-5AB34)

The company would like to draw attention to the technical reason that Ramunia was classified under PN17. The PN17 criteria was triggered resulting from Ramunia's auditors expressing a modified opinion with emphasis on Ramunia's going concern in the Company's latest audited consolidated financial statements for the financial year ended 31 October 2009 and Ramunia's shareholders’ equity on a consolidated basis is less than 50% of the issued and paid-up share capital of Ramunia. However, the group’s NTA remain positive.

Notwithstanding Ramunia’s current PN 17 status, the disposal of the Teluk Ramunia Fabrication Yard is ongoing and is expected to be completed by April 2010.

Upon completion of their disposal, the group’s NTA is expected to remain positive and improve to a net cash position. The group has started exploring and considering options to revive and reorganize its core businesses and as part of its regularation plan to address its PN 17 status.

This announcement is dated 1 March 2010.

Wednesday, September 30, 2009

Ramunia posted net loss of RM 26 million in Q3

30/9 FBM KLCI closed 6.13 points lower at 1202.08 points. Losing stocks overwhelmed risers 466 to 199 on volume of 695 mil shares worth RM 1.05 bil.

30/9 CPO futures fell RM 2 to RM 2,103 a tonne, New York crude oil up 46 cents to US 67.17 a barrel, while gold rose US3.9 to US 996.55 an ounce.

30/9 Maybank’s chief Datuk Seri Wahid said unit Bank Internasional Indonesia plans to open 200 new braches over the next 3 years.

30/9 Wilmar International said plans to list China operations in Hong Kong had reached an advanced stage, but no decision on IPO date was made.

30/9 Malaysia and Saudi Arabia set up a RM 8.7 bil joint ventrure company that will spearhead flow of foreign direct investment from the Middle East.

29/9 Ramunia posted net loss of RM 26 mil in Q3 due to diminishing order book and lower project margins. Revenue was RM 89 mil.

29/9 Inflation to be in the region of 1 % to 2 % until end of the year, says Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz.

29/9 European markets down in morning trade with London’s FTSE 100 Index fell 0.3% while Frankfurt’s Day Index dropped 0.46%.

29/9 E& O to bolster its working cap by RM 500 mil to prepare for the launch of about RM 4 bil worth of properties in Klang Valley and Penang, says director.

29/9 Najib: In a bid to reign in fiscal deficit, Government may cut back operating expenditure without affecting efficiency; looking at targeted subsidy.

Thursday, January 24, 2008

Market Outlook

On Wednesday, the Dow closed at 12270.17, up 298.98. If you checked the news, it started with another drop at opening and loss of more than 300 points at noon, later it changed course and flied higher to close at positive 298.98.

Let me quote what our analyst from SJ Securities has said:


"It was a good thing that the US Fed reduced rates before the FOMC. Had the US Fed waited until the January 30-31 FOMC to reduce interest rate, the Dow would have collapsed by at least 700 pts, based on the sharp drop on the S&P futures the day before. Instead, the sell-off on the Dow was halted at the Double Bottom of 11634, and it recovered to close at12,270, up 2.5%. On this positive event, the Dow is likely to recover further to the October 2007 high of 12,930.

Supporting the view that oil price is heading lower, pressured by the weakening demand due to the global economic growth slowing, the oil price closed lower at USD 87. In fact US fuel demand hit an 11 week low of 20.5 mln barrels for the week ended January 11. Tonight's news on the US crude oil stockpiles is likely to indicate an estimated gaining of 1.5 mln barrels as at January 18. We had said earlier, that on the chart, oil price is technically weak as reflected on the chart pattern of Island Reversal. While it may be on USD 86 support, it is likely to go lower to USD 80.

On the local market, the share plunge to 1340 was halted as the Novermber 2007 Double Bottom of 1338. the KLCI closed at 1354. It is important for the key support at 1330 to be intact. Market will be at a weaker situation if the 1330 is violated.

Following the sharep recovery of the Dow, the KLCI is likely to recover to the price gap at 1386. It could even go as high as the 61.8% retracement of 1454. Our view is that the KLCI has bottomed at 1340, and there is a high probability for the market to take out the previous high at 1524."

At 12.18 pm, the KLCI is recorded at 1382.19(+27.71). The morning high was 1409.93 and the low was 1376.21. The 1386 gap was closed in the morning.