I hope so... I went back into rubber stocks today, buying on weakness SuperMax, Adventa, and Latexx. At the last hour of trading selling was absorbed and other rubber stocks TopGlove, Kossan, and Harta turned positive this is a good sign. Another reason is the fact the three pharmaceuticals stocks in China went limit up of 10% today that are swine flu related. You can read about it here http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&NewsID=28443
Here is the paragraph about it if you want a quick answer but there is only two:
Biopharmaceutical stocks also ended higher. Shenzhen Neptunus Bioengineering Co Ltd<000078> surged by the daily limit of 10% to RMB 20.35. Hualan Biological Engineering Inc<002007> jumped 10% to RMB 68.19.
Good luck if you did the same!!
Monday, November 2, 2009
DJ MARKET TALK: Lityan +23.0%; New Proj Hopes Post Restructuring
0225 GMT [Dow Jones] Lityan Holdings (9075.KU) +23.0% at MYR2.14 on heavy volume of 9.84 million shares changing hands on hopes company is close to securing sizable government contract. "There are no details on the contract but people are buying on that expectation," said dealer with local brokerage. Company officials couldn't be immediately reached for comments but Lityan said last Friday eyeing MYR4.0 billion project including slice of Telekom Malaysia's (4863.KU) MYR11.0 billion HSBB (highspeed broadband) project, set for rollout over next 10 years. Lityan, which was re-listed last Friday, regularize its financial condition after internal restructuring exercise, debt restructuring and special issue of 31.5 million new shares to the pilgrim"s fund or Lembaga Tabung Haji. Pilgrim fund now substantial shareholder with 56% stake. Stock also supported by undemanding valuations; dealer notes company trading at less than 10X price earnings; tips immediate resistance at intraday high of MYR2.25.
Dow Jones Newswires
November 01, 2009 21:25 ET (02:25 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
Dow Jones Newswires
November 01, 2009 21:25 ET (02:25 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
DJ MARKET TALK: KLCI Down 0.7% Led By Finance Stks; 1230 Support
0126 GMT [Dow Jones] KLCI down 0.7% at 1234.90, after opening gap down, taking cues from weak regional markets, says dealer with local brokerage; notes finance stocks lead declines (with subindex down 0.8%). Adds support at 1230 likely to hold. Market breadth negative with losers outpacing gainers 202 to 28 with thin volume of 57 million shares traded. "While long-term trend indicators are still positive and pointing further upside, the benchmark index may undergo further consolidation this week due to externalities," says TA Research; advises investos to Buy on weakness, with focus on property, oil & gas, technology, glove and gaming sectors. Among banking stocks, CIMB (1023.KU) down 1.3% at MYR12.32, Hong Leong Bank (5819.KU) down 0.8% at MYR7.43, AMMB (1015.KU) down 2.3% at MYR4.62. Other decliners include Bursa (1818.KU) which eased 0.7% at MYR8.10, Sime Darby (4197.KU) shed 0.6% at MYR8.84 and Genting (3182.KU) dropped 1.0% at MYR7.17. (ECH)
Dow Jones Newswires
November 01, 2009 20:26 ET (01:26 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
Dow Jones Newswires
November 01, 2009 20:26 ET (01:26 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
DJ Malaysia's Maxis To Return To Bourse With IPO
KUALA LUMPUR (AFP)--Maxis, Malaysia's top mobile operator, is set to receive a warm welcome back to the bourse this month in an IPO worth around $3.43 billion, billed as the biggest in Southeast Asian history.
Maxis Berhad, controlled by reclusive Malaysian tycoon Ananda Krishnan and Saudi Telecom, is launching the initial public offering on Bursa Malaysia two years after it was taken private and delisted.
It is offering 2.25 billion, or 30%, of its shares at an indicative price of 5.20 ringgit ($1.52) which would raise MYR11.7 billion. Most of the shares will go to institutional investors.
Parent company Maxis Communications is expected to deploy the proceeds of the sale, slated for Nov. 19, on funding expansion in the booming Indian and Indonesian markets, and to reduce debt.
Economic pundits are upbeat about the listing despite the uncertain global economic outlook that has soured other recent share offerings in the region, but warn that the market remained unpredictable.
Yeah Kim Leng, chief economist with ratings agency RAM Holdings, said that Maxis' dominant position in the domestic telecoms industry had triggered an early rush to collect application forms.
"Investors can smile. The listing is likely to be successful," he told AFP, but said there were unlikely to be any hefty immediate profits.
"The market is very volatile. It is not a sure bet. But the sentiment is strong for Maxis," he said.
The listing includes only Maxis' Malaysian mobile business and excludes its ventures in India and Indonesia which remain under Maxis Communications, the unlisted parent company.
Alliance Research said Maxis remains the leading mobile operator in Malaysia in both the prepaid and postpaid segments with some 11.4 million subscriptions as at end of the first half of 2009.
Its postpaid segment commands a huge 46.4% of the local market share, but Alliance said the business had "limited growth prospects, without overseas operations."
"The new listed entity will be without its overseas operations which could offer robust growth potential going forward. Investors are left with domestic operations, in which mobile business faces limited growth," it said.
Nazir Razak, group chief executive of CIMB which is the principal adviser for the listing exercise, has said the IPO will be the biggest in Southeast Asian history.
He has defended the company's growth prospects, saying there is still plenty of potential for the group's broadband and data segments in Malaysia and that SIM card penetration is also predicted to grow.
Ananda Krishnan owns a 45% stake in Maxis Communications, while Saudi Telecom owns 25% and the remainder is held by local funds.
Apart from Maxis, Ananda--ranked by Forbes magazine as Malaysia's second-richest man--has interests in the country's pay TV operator Astro, gaming and power firm Tanjong and satellite services company Measat.
Dow Jones Newswires
October 31, 2009 23:13 ET (03:13 GMT)
Maxis Berhad, controlled by reclusive Malaysian tycoon Ananda Krishnan and Saudi Telecom, is launching the initial public offering on Bursa Malaysia two years after it was taken private and delisted.
It is offering 2.25 billion, or 30%, of its shares at an indicative price of 5.20 ringgit ($1.52) which would raise MYR11.7 billion. Most of the shares will go to institutional investors.
Parent company Maxis Communications is expected to deploy the proceeds of the sale, slated for Nov. 19, on funding expansion in the booming Indian and Indonesian markets, and to reduce debt.
Economic pundits are upbeat about the listing despite the uncertain global economic outlook that has soured other recent share offerings in the region, but warn that the market remained unpredictable.
Yeah Kim Leng, chief economist with ratings agency RAM Holdings, said that Maxis' dominant position in the domestic telecoms industry had triggered an early rush to collect application forms.
"Investors can smile. The listing is likely to be successful," he told AFP, but said there were unlikely to be any hefty immediate profits.
"The market is very volatile. It is not a sure bet. But the sentiment is strong for Maxis," he said.
The listing includes only Maxis' Malaysian mobile business and excludes its ventures in India and Indonesia which remain under Maxis Communications, the unlisted parent company.
Alliance Research said Maxis remains the leading mobile operator in Malaysia in both the prepaid and postpaid segments with some 11.4 million subscriptions as at end of the first half of 2009.
Its postpaid segment commands a huge 46.4% of the local market share, but Alliance said the business had "limited growth prospects, without overseas operations."
"The new listed entity will be without its overseas operations which could offer robust growth potential going forward. Investors are left with domestic operations, in which mobile business faces limited growth," it said.
Nazir Razak, group chief executive of CIMB which is the principal adviser for the listing exercise, has said the IPO will be the biggest in Southeast Asian history.
He has defended the company's growth prospects, saying there is still plenty of potential for the group's broadband and data segments in Malaysia and that SIM card penetration is also predicted to grow.
Ananda Krishnan owns a 45% stake in Maxis Communications, while Saudi Telecom owns 25% and the remainder is held by local funds.
Apart from Maxis, Ananda--ranked by Forbes magazine as Malaysia's second-richest man--has interests in the country's pay TV operator Astro, gaming and power firm Tanjong and satellite services company Measat.
Dow Jones Newswires
October 31, 2009 23:13 ET (03:13 GMT)
Sunday, November 1, 2009
Las Vegas Sands Corp Q3 2009 Earnings Call Transcript
Look to pick up (LVS) Las Vegas Sands on weakness, as the markets sold off after rising, going to be trading in a range here....
Still going to be buying rubber stocks, gaming stocks, on dips... The earnings will be there, buy on fear and sell the fact!!!
-Roll the bones.....
Still going to be buying rubber stocks, gaming stocks, on dips... The earnings will be there, buy on fear and sell the fact!!!
-Roll the bones.....
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