KLCI is the worst performer in Asia, closed down by 8.38 points to 1271.48. Volume traded is 568 m shares.
IOICorp was down 35 sens to RM6.95, Sime also down by 30 sen to RM 9.30, Time was down by 13 sens to 26.5 sen.
Global sales of semiconductors in the first quarter were up 3.8 percent to US$63.4b, from a year ago. However, sales fell 5.8% from US$66.8 b in fourth quarter last year.
Transmile unit defaults on payment of US$9.6m loan as cashflow from business is insufficient to repay the loan due to underutilisation of plan.
Proton inks MOU with EON to work on possible collaboration to rationalise existing Proton-EON distribution network, service centres.
2/5 Nasimuddin Amin, 53-year-old founder, chairman and CEO of Naza group, died in Los Angeles at 1.15 am.
Time Eng trading halted this morning. It will be suspended unless it submits a revamp proposal within 8 months. The shareholders equity is equaled or below 50% of paid up capital.
Showing posts with label Time engineering. Show all posts
Showing posts with label Time engineering. Show all posts
Friday, May 2, 2008
Thursday, March 6, 2008
Market recovering
KLCI closed up 19.46 points to 1299.69, with 481 gainers leading 239 decliners. Volume was 571 million shares worth RM 1.34 billion.
January exports up 10.4% to RM53.02 billion from RM 48.03 billion year ago; imports rose 6.9% to RM 43.23 billion from RM40.43 billion. Trade surplus RM9.79 bilion.
Communications Ministry gives Telenor Asia until June 30 to cut stake in DIGI to 49%, a condition imposed since July 2001.
The Datestone Group LLC offers to buy Idaman Unggul’s unit Lambang Pertama, which has timber rights, for US $108 million.
Welli Multi falls 16.5 sen to 25.5 sen at 10.54 am; got CCM nod to extend deadline for AGM present audited financial report to March 31.
January exports up 10.4% to RM53.02 billion from RM 48.03 billion year ago; imports rose 6.9% to RM 43.23 billion from RM40.43 billion. Trade surplus RM9.79 bilion.
Communications Ministry gives Telenor Asia until June 30 to cut stake in DIGI to 49%, a condition imposed since July 2001.
The Datestone Group LLC offers to buy Idaman Unggul’s unit Lambang Pertama, which has timber rights, for US $108 million.
Welli Multi falls 16.5 sen to 25.5 sen at 10.54 am; got CCM nod to extend deadline for AGM present audited financial report to March 31.
Market recovering
KLCI closed up 19.46 points to 1299.69, with 481 gainers leading 239 decliners. Volume was 571 million shares worth RM 1.34 billion.
January exports up 10.4% to RM53.02 billion from RM 48.03 billion year ago; imports rose 6.9% to RM 43.23 billion from RM40.43 billion. Trade surplus RM9.79 bilion.
Communications Ministry gives Telenor Asia until June 30 to cut stake in DIGI to 49%, a condition imposed since July 2001.
The Datestone Group LLC offers to buy Idaman Unggul’s unit Lambang Pertama, which has timber rights, for US $108 million.
Welli Multi falls 16.5 sen to 25.5 sen at 10.54 am; got CCM nod to extend deadline for AGM present audited financial report to March 31.
January exports up 10.4% to RM53.02 billion from RM 48.03 billion year ago; imports rose 6.9% to RM 43.23 billion from RM40.43 billion. Trade surplus RM9.79 bilion.
Communications Ministry gives Telenor Asia until June 30 to cut stake in DIGI to 49%, a condition imposed since July 2001.
The Datestone Group LLC offers to buy Idaman Unggul’s unit Lambang Pertama, which has timber rights, for US $108 million.
Welli Multi falls 16.5 sen to 25.5 sen at 10.54 am; got CCM nod to extend deadline for AGM present audited financial report to March 31.
Wednesday, March 5, 2008
Market still dropping
KLCI closed 33.79 points lower at 1280.23 on foreign selling, KLK(2445) dropped RM 1.60 to RM 16.60; IOICorp(1961) down 45 sen to RM 7.35; MISC(3816) down 55 sen to 8.15. There are 160 winners and 672 losers and 214 counters unchanged.
810 million shares traded today valuing at RM2.12 billion.
Government inclined stock like Equine(1147) is stilling sliding 6 sen to 1.37. GLC time(4456) down 0.015 to 0.415 and Timecom(5031) is 0.52(-0.02). Many stocks are at year low prices. The question is, can they go lower?
Btoto(1562) third quarters net profit RM 98.16 million vs RM 117.34 million a year ago, revenue RM 861.5 m vs RM 771m. Declared dividend 8 sen per share; exdate April 11.
Contract value for Zelan(2283) JV’s project in UAE to build Meena Plaza raised to RM 801 million(AED 925.3 m) from RM 782 million due to higher material costs.
PT Telekomunikasi Indonesia ups Scicom stake to 25.8 million shares or 9.73% after buying 4.49 million shares from Feb 26 to 29.
FMR ups Gamuda stake to 10.93 % or 218.89 million shares, after buying 2.38 million shares on Feb 26.
810 million shares traded today valuing at RM2.12 billion.
Government inclined stock like Equine(1147) is stilling sliding 6 sen to 1.37. GLC time(4456) down 0.015 to 0.415 and Timecom(5031) is 0.52(-0.02). Many stocks are at year low prices. The question is, can they go lower?
Btoto(1562) third quarters net profit RM 98.16 million vs RM 117.34 million a year ago, revenue RM 861.5 m vs RM 771m. Declared dividend 8 sen per share; exdate April 11.
Contract value for Zelan(2283) JV’s project in UAE to build Meena Plaza raised to RM 801 million(AED 925.3 m) from RM 782 million due to higher material costs.
PT Telekomunikasi Indonesia ups Scicom stake to 25.8 million shares or 9.73% after buying 4.49 million shares from Feb 26 to 29.
FMR ups Gamuda stake to 10.93 % or 218.89 million shares, after buying 2.38 million shares on Feb 26.
Monday, February 25, 2008
Market on Feb 25
At noon, KLCI is up 1 point to 1370.48 with 193 gainers against 418 losers.
Gamuda drops further 44 sen to RM 3.48. The continued selling of Gamuda by the fund managers has affected the sentiment of the market. However, CPO went up RM 192 to RM 3895 and crude oil is priced at USD 99.56 per barrel.
Many stocks have actually come to the very bottom.
Gamuda drops further 44 sen to RM 3.48. The continued selling of Gamuda by the fund managers has affected the sentiment of the market. However, CPO went up RM 192 to RM 3895 and crude oil is priced at USD 99.56 per barrel.
Many stocks have actually come to the very bottom.
Thursday, January 31, 2008
The US and Malaysia Market
The Dow, which had been up more than 200 points after the Fed's decision, finished down 37.47 or 0.30 %, at 12,442.83.
The Fed's decision to cut rates follows an emergency rate cut last week of three-quarters of a percentage point. The central bank stepped in a the tme after global markets worldwide fell sharply amid fears that the US economy was tipping into recession and would hurt the global growth.
The rate cuts came on the same day as fresh evidence arrived that the economy had slowed significantly in the final three months of 2007.
Figures showed GDP expanded at a slight 0.6 % pace in the fourth quarter, less than half what had been expected. For all of 2007, GDP grew 2.2 %, the weakest rate since 2002.
Wednesday's move was the fifth cut the Fed made since it began making reductions in September following turmoil in the credit markets and in stocks markets.
I like to share with you what our analyst at SJ Securities Sdn Bhd has said as follows about the latest market outlook:
Officially, the US economy is not yet in recession. The active pursuit by the US Fed in managing the economy in recent times--thru monetary and fiscal expansions--indicates that the focus is on the current economy uncertainty arising from the collapse of the US subprime mortgage credit markets. Some have argued that the measures used to address the risks associated with the market uncertainty tantamount to reflating the economy. It is argued that the US Fed is concerned, and trying to avoid a repeat of the Japanese style deflationary situation happened years ago.
This time, there is not much risk associated with the monetary and
fiscal expansions. With the US core inflation for November at a mild
and manageable level of 0.3%, the pursuit of reflating the economy will
not be adversely inflationary. For instance, expressing an economic
equation on the monetary expansion from the huge interest rate cuts of
75 bps on 22 January, and the 50 bps cut on 30 January, will look like
this : lowering interest rates leads to dollar weakening, resulting in
imported inflation which is manageable as the mild core inflation
allowing some upside leeway.
Reflating the economy may just be the correct policy. It revives the
housing and finance industries through cheaper financing. Exports will
be higher; this will solve the trade deficits. While the downside risk
remains, reflating will arrest the current slowing 4Q GDP of 0.6% from
drooping into recession.
US markets lost 0.3%, as it focuses on the likelihood of bond
guarantors losing their AAA ratings. Meanwhile, regulators are
working towards a bailout plan for bond insurers Dow at 12,442 is
likely to dip lower as the S&P futures after market trading in the Asian
time zone, is currently down 13 pts. This translates roughly to 150 pts
on the Dow. On the chart, the pullback support is at 12,000. We
continue to maintain that the recent rebound is targeting 12,930.
Malaysian market is cushioned by market talks of the general election
in March 2008. It is on an immediate target at 1453. On the local
market, we are bullish. We are heartened to witness the mid January
2008 sold down from 1524 was halted at 1340. This is significant as the
Double Bottom at 1338 of November 2007 has not been violated,
thereby, lending credence to the expanding Diagonal Triangle scenario.
If we interpret the KLCI correctly, the chart development since October
2007 is forming an expanding Diagonal Triangle. In a Diagonal
Triangle, there are 5 rotating waves. We may have completed the 4th
wave at the recent 1340 low, leaving the current rebound to be the final
up 5th wave, with an upside at 1590.
Our bullish assessment based on the expanding Diagonal Triangle, will
be negated if the key support at 1330 is breached."
At 2.59pm, KLCI is up by 8.59 at 1392.67.
The same stock picks like Timecome, Tebrau, KUB, Time, Mulpha-wa applied.
The Fed's decision to cut rates follows an emergency rate cut last week of three-quarters of a percentage point. The central bank stepped in a the tme after global markets worldwide fell sharply amid fears that the US economy was tipping into recession and would hurt the global growth.
The rate cuts came on the same day as fresh evidence arrived that the economy had slowed significantly in the final three months of 2007.
Figures showed GDP expanded at a slight 0.6 % pace in the fourth quarter, less than half what had been expected. For all of 2007, GDP grew 2.2 %, the weakest rate since 2002.
Wednesday's move was the fifth cut the Fed made since it began making reductions in September following turmoil in the credit markets and in stocks markets.
I like to share with you what our analyst at SJ Securities Sdn Bhd has said as follows about the latest market outlook:
Officially, the US economy is not yet in recession. The active pursuit by the US Fed in managing the economy in recent times--thru monetary and fiscal expansions--indicates that the focus is on the current economy uncertainty arising from the collapse of the US subprime mortgage credit markets. Some have argued that the measures used to address the risks associated with the market uncertainty tantamount to reflating the economy. It is argued that the US Fed is concerned, and trying to avoid a repeat of the Japanese style deflationary situation happened years ago.
This time, there is not much risk associated with the monetary and
fiscal expansions. With the US core inflation for November at a mild
and manageable level of 0.3%, the pursuit of reflating the economy will
not be adversely inflationary. For instance, expressing an economic
equation on the monetary expansion from the huge interest rate cuts of
75 bps on 22 January, and the 50 bps cut on 30 January, will look like
this : lowering interest rates leads to dollar weakening, resulting in
imported inflation which is manageable as the mild core inflation
allowing some upside leeway.
Reflating the economy may just be the correct policy. It revives the
housing and finance industries through cheaper financing. Exports will
be higher; this will solve the trade deficits. While the downside risk
remains, reflating will arrest the current slowing 4Q GDP of 0.6% from
drooping into recession.
US markets lost 0.3%, as it focuses on the likelihood of bond
guarantors losing their AAA ratings. Meanwhile, regulators are
working towards a bailout plan for bond insurers Dow at 12,442 is
likely to dip lower as the S&P futures after market trading in the Asian
time zone, is currently down 13 pts. This translates roughly to 150 pts
on the Dow. On the chart, the pullback support is at 12,000. We
continue to maintain that the recent rebound is targeting 12,930.
Malaysian market is cushioned by market talks of the general election
in March 2008. It is on an immediate target at 1453. On the local
market, we are bullish. We are heartened to witness the mid January
2008 sold down from 1524 was halted at 1340. This is significant as the
Double Bottom at 1338 of November 2007 has not been violated,
thereby, lending credence to the expanding Diagonal Triangle scenario.
If we interpret the KLCI correctly, the chart development since October
2007 is forming an expanding Diagonal Triangle. In a Diagonal
Triangle, there are 5 rotating waves. We may have completed the 4th
wave at the recent 1340 low, leaving the current rebound to be the final
up 5th wave, with an upside at 1590.
Our bullish assessment based on the expanding Diagonal Triangle, will
be negated if the key support at 1330 is breached."
At 2.59pm, KLCI is up by 8.59 at 1392.67.
The same stock picks like Timecome, Tebrau, KUB, Time, Mulpha-wa applied.
Tuesday, January 29, 2008
时光网Timecom
時光網（TIMECOM，5031）如果不是因為取獲3G頻譜，它不會那麼受到市場注目。
此股每年虧損，2004年凈虧8億3324萬，2005年凈虧2億3890萬令吉，2006年凈虧1億7778萬令吉。
其虧損逐年減，可算是好事。
1月25日，數碼網絡（DIGI，6947；主板基建計劃組）、時光工程（TIME，4456，主板貿易／服務組）與時光網（TIMECOM，5031，主板基建計劃組）簽署3G頻譜轉移最終協議，並有信心在6月1日前獲得有關當局批准，以正式推出3G服務。
數碼網絡是在2007年11月建議換股方式，配售2750萬新股予時光網，每股售價23令吉80仙，總值6億5450萬令吉，獻購時光網的3G頻譜服務，同時減低大股東挪威電訊持股比例至49%。
2006年12月19日，此股曾跌至66仙，之後逐漸回彈，並最終升至2007年2月21日的98仙，升幅32仙，上升64天。
之後，它又滑至2007年3月5日的0.60，跌幅38仙，下跌12天。
後來它一反彈，升至3月13日的0.945，升幅0.345，上升8天，這一次，即2007年12月18日，在同一個周期，此股的0.695水平開始回升，至到2008年1月8日的0.865，升幅17仙，上升21天。
之後它又滑至2008年1月22日的0.655，跌幅0.21仙，下跌14天。
1月23日沒有市場，1月24日此股以0.675收市，已經回彈，看來有機會回升至0.865水平，且看周一（28/1/08）開市時會否有機會？
此股每年虧損，2004年凈虧8億3324萬，2005年凈虧2億3890萬令吉，2006年凈虧1億7778萬令吉。
其虧損逐年減，可算是好事。
1月25日，數碼網絡（DIGI，6947；主板基建計劃組）、時光工程（TIME，4456，主板貿易／服務組）與時光網（TIMECOM，5031，主板基建計劃組）簽署3G頻譜轉移最終協議，並有信心在6月1日前獲得有關當局批准，以正式推出3G服務。
數碼網絡是在2007年11月建議換股方式，配售2750萬新股予時光網，每股售價23令吉80仙，總值6億5450萬令吉，獻購時光網的3G頻譜服務，同時減低大股東挪威電訊持股比例至49%。
2006年12月19日，此股曾跌至66仙，之後逐漸回彈，並最終升至2007年2月21日的98仙，升幅32仙，上升64天。
之後，它又滑至2007年3月5日的0.60，跌幅38仙，下跌12天。
後來它一反彈，升至3月13日的0.945，升幅0.345，上升8天，這一次，即2007年12月18日，在同一個周期，此股的0.695水平開始回升，至到2008年1月8日的0.865，升幅17仙，上升21天。
之後它又滑至2008年1月22日的0.655，跌幅0.21仙，下跌14天。
1月23日沒有市場，1月24日此股以0.675收市，已經回彈，看來有機會回升至0.865水平，且看周一（28/1/08）開市時會否有機會？
KLCI on Jan 29
KLCI finished up 7.96 points at 1388.50, with 787 mil shares worth RM 1.455 bil changed hands. Gainers led losers 463 to 301.
Most of the retail investors are still not in the market.
Most of the retail investors are still not in the market.
Thursday, January 24, 2008
Watch out for Time
The US market might not be performing because of Soc Gen issue where the latter announced that a rogue trader has carried out a 4.9 bil euro fraud.
If the US market is down, then it might affect our Malaysian market. However, there might be selective play on our market. For example, Time might go up because of Timecom.
At the close of the market, TimeCom asked Bursa for trading suspension of its shares from 9am tomorrow pending an announcement.
The investor believed this announcement might have to do with its 3 G licence.
Almost the same time, Digi.Com also asked Bursa for its shares to be suspended from trading at 9am tomorrow.
Investors might want to look at Landmarks because it told Bursa its land on Bintan Island will be zoned for tourism with various activities including gaming.
The KLCI rose 28.87 points (+2.13%)to close at 1383.35. Rising stocks outnumbered losers 730 to 180 on volume of 1.48 bil shares worth RM 3.18 bil.
If the US market is down, then it might affect our Malaysian market. However, there might be selective play on our market. For example, Time might go up because of Timecom.
At the close of the market, TimeCom asked Bursa for trading suspension of its shares from 9am tomorrow pending an announcement.
The investor believed this announcement might have to do with its 3 G licence.
Almost the same time, Digi.Com also asked Bursa for its shares to be suspended from trading at 9am tomorrow.
Investors might want to look at Landmarks because it told Bursa its land on Bintan Island will be zoned for tourism with various activities including gaming.
The KLCI rose 28.87 points (+2.13%)to close at 1383.35. Rising stocks outnumbered losers 730 to 180 on volume of 1.48 bil shares worth RM 3.18 bil.
Tuesday, January 22, 2008
The Market will stage a strong rebound
The wires just reported that the US Federal Reserve had lowered its interest rate by 0.75% from 4.25 % to 3.5 % in an emergency move to calm the market.
I believe the markets globally will stage a strong rebound because of the oversold position in the last two days.
I believe the markets globally will stage a strong rebound because of the oversold position in the last two days.
Will the market come back?
KLCI closed 54.12 points lower(-3.8%) at 1354.48,losing stocks overwhelmed riser 962 to 68 with 1.58 billion shares worth RM 3.6 bn traded.
Europe market already staged a rebound, it is expected that the US market would also recovered.
The low of KLCI was 1340.29 and the closed of 1354.48 would mean that the KLCI already had recovered 14.19 points.
The Bursa Malaysia is closed on Wednesday because of Thaipusam, the Hindu New Year, where the devotees would celebrate by performing prayers in the temples.
Europe market already staged a rebound, it is expected that the US market would also recovered.
The low of KLCI was 1340.29 and the closed of 1354.48 would mean that the KLCI already had recovered 14.19 points.
The Bursa Malaysia is closed on Wednesday because of Thaipusam, the Hindu New Year, where the devotees would celebrate by performing prayers in the temples.
Monday, January 21, 2008
Why did the regional markets drop?
Wires reported that the regional markets fell sharly over fear of US recession;India dropped by 5.9%, Hong Kong plunged by 5.5%, Shanghai down 5.1 %, Singapore slid by 4.3% and KLCI dropped by 2.15%.
Will the markets rebound tomorrow? Techically speaking, the market is oversold, rebound should be imminent.
Will the markets rebound tomorrow? Techically speaking, the market is oversold, rebound should be imminent.
Friday, January 18, 2008
What stock did my client buy today when the market drop?
My client bought 100,000 shares of Time Engineering for 0.59 and expect the market will recover on Monday and he can take profit.
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