Friday, October 9, 2009

JOBST.KL - Share buy back


Notice of Shares Buy Back - Immediate Announcement
Date of Buy Back : 09/10/2009
Description of Shares Purchased : Ordinary Shares of RM0.20 each
No. of Shares Purchased : 17,000 shares
Minimum Price Paid For Each Share Purchased : RM 1.300
Maximum Price Paid For Each Share Purchased : RM 1.300
Total Consideration Paid : RM 22,262.23
No. of Shares Purchased Retained in Treasury : 17,000 shares
No. of Shares Which Are Proposed To Be Cancelled : 0 shares
Cumulative Net Outstanding Treasury Shares As At To-Date : 2,166,700 shares
Adjusted Issued Capital After Cancellation : 0
Date Lodged With Registrar of Company :


Submitted By:
Mr Gregory Charles Poarch
09/10/2009 06:33 PM

-My View
The management consider the share is cheap now. They're buying back their share to increase the earnings. It increase the shareholder's value.


Straits Asia Resourcessaid on Thursday the new coal loading facility at its Jembayan mine in Indonesia''s East Kalimantan province has collapsed due to heavy rain. UBS said it may cut its target price if disruptions last longer than 6 months. [ID:nSIN326650]
CreditSuisse raised its target price to S$1.25 from S$0.90 as the brokerage priced in the benefit from its Sebuku boundary resolution by extending the reserve life of that mine at the increased production rate. However the brokerage house lowered its 2009earnings estimates by 11-14 percent after the collapse of a coal loading facility at its Jembayan mine.

MAYBANK.KL - Target Price RM6.60

Pakistan’s First Financial Daily yesterday quoted Chairman of Nishat Group (major shareholder of MCB Bank), Muhammad Mansha, as saying that MCB and Maybank are planning to acquire foreign banks in UAE and Indonesia to bring Pakistan into the global financial market.


Regulatory hurdles. With regard to Indonesia’s single presence policy, Maybank is unlikely to be able to acquire another bank in Indonesia even if it aspired to do so.

Maintain NEUTRAL but have raised our TP from RM6.20 to RM6.60 after pegging a higher PBV of 1.76x on a lower COE of 9.4% but unchanged sustainable ROEs of 10.8%.

Source : OSK Research

My View:-
- Malaysia's EPF and ASB are continously support Maybank share price. Once recovery happen, those Mr. Market will speculate this stock, bring it to new high level. Trader's physiology is looking for lower price (maybank) as target. Maybank's price cheaper than PBBANK, CIMB (Not valuation)
- Maybank Singapore business, is expanding by offer higher Fixed Deposit rate compare to other singapore local bank. Beside, its credit card business, is even more aggresive by offer S$100.00 if you subscribe Maybank Credit Card.

Thursday, October 8, 2009

Singtel.STI - Singapore BUY TP S$3.60

Selling pressure on SINGTEL is not reason. Due to its defensive business, it's time to accumulate SINGTEL stock.

BUY @3.00-3.05

Enjoy the trade!

Dow ends mixed after a 2-day rally of 2.6%

After two consecutive days of 100-plus point gains, DJIA took a breather last night (-6 pts to 9725.6) as investors wait for Q3 corporate earnings reports to start rolling in the absence of any major economic news. The earnings season got off to a good start with Aluminum maker Alcoa Inc, the first of the Dow Jones constituent members to report results, beats analyst estimates to return to profitability following three losing quarters, providing a good start to the earnings season. Alcoa also expects global aluminum consumption to increase 11% in the 2H09. We expect the Dow’s mid-term positive trend to stay intact, with the next resistances being 9918pts (recent Sep 23rd high) and the psychological 10,000pts mark which is now only 274pts away. The 30-day SMA line continues to provide meaningful support at 9617pts, having been tested twice last month and proven its resilience on both occasions

News Break...

Astro pays USD250m for EPL, earnings outlook at risk

According to various news reports, Astro will pay the bulk of the estimated USD250m for the Barclays EPL rights for the next three years. The cost of the EPL is said to be nearly double the previous price paid directly to EPSN. In our view, the steep jump in content price for EPL will lead to further price hike in the next 12 months and this is unlikely to go well with subcribers. Recall that Astro recently raised its Sports package price by RM12/user in Aug09. We estimate the higher EPL cost to translate into subscription price hike of RM7-8/user.

We are negative on the stock: (1) Headwinds from higher content cost, slower net additions and easing ARPU will have negative impact on earnings. 53k net subcribers in 2Q10 is the lowest in 2 years. (2) Our DCF derived price target of RM3.20/share implies 5% downside from current share price.


Tenaga sued for RM107m

The power utility is being sued by Irham Niaga Sdn Bhd and Irham Niaga Logistics Sdn Bhd for wrongful repudiation of tenancy agreements. The 2 companies sue the power utility for a total of RM107m.

Dialog propose special share dividend

The group is proposing a special share dividend of 1 treasury share for every 50 shares held. According to the company, this special dividend is to commemorate the 25th anniversary of the incorporation of group’s companies.

MEMS classified as affected issuer

ACE Market-listed MEMS Tech has been classified as an affected issuer by Bursa after failure to submit a solvency declaration. The company may face suspension and possible delisting.

BAT: Increases in tobacco tax will increase illicit trade

The company views any future increases in tobacco excise tax as encouraging illicit cigarettes trading and will affect the earnings of legitimate industry players. The company hopes that the government will not increase the excise tax in the upcoming budget.


Malaysia: Foreign reserve was higher at $95.95bn as on 30 Sep compared to $93.54bn in mid Sep, on the back of appreciation of ringgit against the dollar in that period.

US: MBA mortgage applications last week increased 16.4%, reaching its highest level in four months as interest rates continued to fall toward near-record lows.

Euro: GDP fell 0.2% in 2Q compared to -2.5% in 1Q; the decline was sharper than the 0.1% fall estimated on 2 Sept, as consumer spending, investment and exports were weaker than earlier reported.

Today Update

US: Consumer credit fell by US$12bn in August

US consumer credit fell in August for a seventh straight month as banks maintained restrictive terms and job

losses made households reluctant to borrow. Consumer credit fell by US$12bn (5.8% y-o-y) to US$2.46trn.

Credit dropped by US$19bn in July, less than previously estimated. The series of declines is the longest since

1991. Economists had forecast consumer credit would drop US$10bn in August. (Bloomberg)

Global: Gold rise to record shows investors split with banks

Gold’s rally to a record shows commodity investors remain concerned that the US economic recovery will spur

inflation even as Wall Street forecasts and government bonds suggest stable prices. Bullion has jumped 18%

this year, heading for a ninth annual gain, and futures touched a record US$1,049.70 an ounce yesterday amid

rising demand for a hedge against inflation and a weaker dollar. Economists surveyed in the past month expect

US consumer prices to fall 0.5% this year, the first drop in five decades. Demand for gold is increasing as US

government debt reaches record levels and the Federal Reserve keeps interest rates near zero percent.


Wednesday, October 7, 2009

UK - Factory production slumps to lowest since 1992

UK manufacturing production unexpectedly slumped in August to the lowest level since 1992, a sign the economy is struggling to shake off the recession. Factory output dropped 1.9% from the previous month. Economists predicted a 0.3% increase. The index of manufacturing fell to 87.8, the lowest in 17 years. BOE policy makers have cautioned that the credit squeeze and weak demand at home and overseas may hamper the economy’s escape from the worst recession in at least a generation. The central bank will keep up its GBP175bn (US$280bn) asset-purchase plan this week as officials gauge the strength of the recovery. (Bloomberg)

Hong Kong - Luxury-home deals triple on mainland buyers

Luxury-home sales in Hong Kong almost tripled in September from a month earlier as mainland Chinese residents bought properties in the city. The registered sales of homes worth more than HK$10m (US$1.3m) rose to 1,351 from 500. In September 2008, 168 transactions were completed. A one-bedroom apartment in the Kowloon district sold for a record HK$24.5m. Luxury-home prices in Hong Kong climbed as much as 28% in the first nine months as low mortgage costs encouraged buyers. Prices may rise by as much as 10% in the next 6 to 12 months. (Bloomberg)

Signals from Australia’s Rate Hike

Signals from Australia’s Rate Hike

In a surprise move, Australia’s central bank raised its interest rate by 25 basis-pts to 3.25% yesterday, making it the first G-20 nation to boost its benchmark rate. This was based on its confidence that the worst is over and expectation of rising inflation risk. This step towards tightening monetary policy sends out three important signals on the global economic front.

These are:
(1) the end of aggressive interest rate cuts around the world,
(2) liquidity in global banking systems may be tightened gradually, and
(3) there are growing risks of inflationary pressure to economic growth. However, we do not see other central banks immediately taking the cue from this move, except for countries that are experiencing significant economic improvement and high inflationary pressure in the near term.

For Malaysia, we see Bank Negara Malaysia (BNM) keeping its rates steady until the end of this year and reserve room to raise rates next year.

Australia - Central bank raises rate from 49-year low

Australia’s central bank unexpectedly raised its benchmark interest rate from a 49-year low and signaled further increases in the coming months amid signs the economy is strengthening. Reserve Bank Governor Glenn Stevens increased the overnight cash rate target to 3.25% from 3% in Sydney yesterday. Only one of 20 economists surveyed by Bloomberg News forecast this move. The rest predicted no change. The local currency jumped to the highest level in 14 months as Australia became the first G-20 nation to boost borrowing costs since the start of the global financial crisis more than a year ago. Rising job vacancies, retail sales and house prices, plus surging business and consumer confidence support Stevens’ view that the “basis for such a low interest rate setting has now passed.” (Bloomberg)

HLIND.KL - Anything happen on this companY??

6:16PM HLIND Quek Leng Chye (16,000 Shares Acquired)

6:16PM HLIND Kwek Leng Beng (16,000 Shares Acquired)

6:16PM HLIND Kwek Leng Kee (16,000 Shares Acquired)

6:16PM HLIND Hong Realty (Private) Limited (16,000 Shares Acquired)

6:16PM HLIND Kwek Holdings Pte Ltd (16,000 Shares Acquired)

6:16PM HLIND Hong Leong Investment Holdings Pte. Ltd. (16,000 Shares Acquired)

6:16PM HLIND Davos Investment Holdings Private Limited (16,000 Shares Acquired)

HLIND.KL - Anything happen on this companY??

6:16PM HLIND Quek Leng Chye (16,000 Shares Acquired)

6:16PM HLIND Kwek Leng Beng (16,000 Shares Acquired)

6:16PM HLIND Kwek Leng Kee (16,000 Shares Acquired)

6:16PM HLIND Hong Realty (Private) Limited (16,000 Shares Acquired)

6:16PM HLIND Kwek Holdings Pte Ltd (16,000 Shares Acquired)

6:16PM HLIND Hong Leong Investment Holdings Pte. Ltd. (16,000 Shares Acquired)

6:16PM HLIND Davos Investment Holdings Private Limited (16,000 Shares Acquired)


OSK is offering 6 new BULL ELI today, 6 October 2009 on Bursa Malaysia Berhad (BURSA), Genting Malaysia Berhad (GENM), Genting Berhad (GENTING), IOI Corporation Berhad (IOICORP), KNM Group Berhad (KNM) and Genting Singapore Plc (GENS). Offering period: 6 October 2009 (Tuesday) to 13 October 2009 (5.00pm, Tuesday). Investors who are interested, please contact us at (03) 2162 0288 or your dealer representatives.

Tuesday, October 6, 2009

AEON - Credit Suisse Group AG BUY now

5:53PM AEON Credit Suisse Group AG (11,300 Shares Acquired)

Dialog in Focus

6:07PM DIALOG Employees Provident Fund Board (2,242,300 Shares Transacted)

6:05PM DIALOG 137,700 shares purchased

6:04PM DIALOG 1,130,000 shares purchased

Share Buy back activities from DIALOG + EPF , mean the stock is undervalued. The owner, should know the value of stock more than outsider. :)
Enjoy the profits !

Global - Oil trades near US$70 after rising as equities gain, dollar falls

Crude oil traded little changed near US$70 a barrel in New York after rising yesterday on optimism fuel demand will increase amid improved prospects for an economic recovery in the US, the biggest energy consumer. Stocks climbed as a report from the Institute for Supply Management showed that US service industries returned to growth after 11 months of contraction. Commodities also gained as the falling dollar bolstered the appeal of raw materials as a hedge against inflation. Crude oil for November delivery was at US$70.30 a barrel, down 11 cents, in electronic trading on the NYME at 9:15 a.m. Sydney time. Yesterday, the contract gained 46 cents to settle at US$70.41. Prices have increased 57% since the start of the year. (Bloomberg)

Monday, October 5, 2009

CapitaLand (CAPL SP) BUY

Price/Tgt: S$3.67/S$4.90 Mkt Cap: S$15,584.5m Daily: Vol 27.5m 1-Yr Hi/Lo: S$4.15/S$1.69

CapitaLand announces the proposed listing of its integrated shopping mall business

CapitaLand has announced its plans to list its integrated shopping mall business under "CapitaMalls Asia Group" (CMA) to provide a transparent valuation benchmark for its retail operations and a investment vehicle for investors seeking opportunities to tap into the growth potential of Asia's rising consumer demand, affluence and spending power over the next few decades.

An initial public offering of CMA Shares at a price above CapitaLand's carrying book value and the estimated Related Transaction Costs will crystallise a gain to CapitaLand and unlock value for its Shareholders. The Offer Price has not yet been finalised.

CapitaMalls Asia will have an interest in as well as manage a Pan Asian portflio of Shopping malls comprising a total of 86 retail properties across 48 cities in five countries in Asia with a total property value of S$20.3b as at 30June 09.Of the 86 retail properties 59 are completed malls with 32 malls in China,16 in singapore,3 in Malaysia,7 malls in Japan and the remaining 29 are in various stages of development in China, India and Singapore

No Panic Selling in Indonesia Jakarta Stock Exchange? Why?

EarthQuake in Indonesia, No Trader sell? ZZZzzzzz....

Gaming Sector : High Roller Segment - Too much to bet on?

Competition of Asia’s high roller segment will heighten as operators raise commission rates and offer more freebies. The two casinos in Singapore may be hindered by tough disclosure requirements. Maintain MARKET WEIGHT.
Asian “non-captive” VIP market worth only about US$6b annually in 2008. We estimate that legalised Asian casino operators’ collective gross gaming revenue was over US$21b in 2008, with the “non-captive” VIP segment estimated to be worth only almost US$5.8b, or 50% of the US$11.3b overall VIP segment. Our definition of “non-captive” VIP revenue excludes casino earnings by the traditional junket-cum-casino operators in Macau, which we estimate to be worth US$5.5b in 2008, based on our estimated gross win in this segment of about US$3.7b in 2004 (before the entry of American casinos), and assuming that this segment’s annual growth matches the 10-year (1994-2004 period) CAGR of 12%. These junket-cum-casino operators, who dominated the Macau gaming market before gaming tycoon

Stanley Ho’s gaming monopoly gave way into six concessionaires, operate exclusively in Macau. Junket operators account for the bulk of Asia’s gaming VIP business, particularly due to their large presence in Macau, although Genting Malaysia and Australian casinos rely more on direct high roller programmes. Junket operators are predominantly an Asian phenomenon, and play the role of introducer and financier to high rollers. Typically, they have strong client connections with emerging countries like China, Indochina (Vietnam,Cambodia, Myanmar) and Southeast Asia (e.g. Thailand and Indonesia).Casinos pay junket operators commissions for bringing high-roller patronage to them; and junket commissions are typically 0.1-0.2ppt higher than outright rebates given to high rollers under the casinos’ direct high roller programmes.
Casinos raising their stakes to entice junket business. Casinos have been raising the effective commission rates for junket operators due to keen regional competition with some Australian casinos having recently joined the fray by raising effective commission rates by 0.1-0.2ppt up to 1.4-1.5%.

Despite efforts to limit commission rates to 1.3% in Macau, we believe that the effective commission rates among Macau casinos still hover at the 1.4- 1.6% range, after adding other freebies (e.g. free travel, accommodation and F&B). Presently, the effective commission rates in the regional range from as low as 1.2% to as high as 1.8%, with the more remotely located (e.g. some casinos in Cambodia) or less popular casinos offering the higher end. Tighter competition could continue to squeeze margins. Competition for the VIP business will further tighten in 2010 when the two casinos in Singapore commence operations. Impact on this segment’s margins can be significant. A 0.1ppt increase in junket commissions could lower gaming revenue by 1.1-2.4% for casinos in which the VIP segment accounts for 30-66% of net gaming revenue.

China : GEELY AUTO BUY or Sell?

Recently, a lot private investors are buying GEELY AUTO. It shoot up like ROCKET!!!

Let's wait-and-see how it perform later....

COP - protect you from high inflation

I'm currrently holding Conoco Philips (COP) in US. This is the greastest stock, which you should own. It provides good dividend, low valuation now.

US is printing money, high inflation coming soon. Let's buy some to keep for future.


TP. USD65.00


O&G Sector - Super Stock - Petroleo Brasi

If you want to buy O&G sector stock, please take a look on Petroleo Brasi. This stock is currently trading @low valuation.

Recommend to buy and keep for dividend play.

Long term play.

Please email me if you need further information.

Indonesia Plantation Stock : GoldenAgri.STI

I would strongly recommend to buy GoldenAgri @35-40 cents. Low valuation on this stock protect you from downside risk.

TP. 60 cents.

Singapore : StraitAsia(AJ1) - TRADING BUY T.P 2.40

Legg Mason asset management is well supporter for StraitAsia.
I'm waiting panic selling from "KIA SU" Singaporean. Let's wait-and-see.

Good entry price : 1.50-1.60
Sell : 2.40

J.P Morgan T.P : 3.00

Don't follow J.P Morgan, must sell before the target price 3.00. :)

Enjoy your profit for Chinese New Year..!

MAYBANK.KL Trading BUY : RM7.50

EPF Malaysia is still supporting maybank stock. You will able to see this stock rebounce back to RM7.50-RM8.00.

EPF is slowly buying the share to pull it up to RM8.00. I'm not sure what they're trying to do, but i know this is a good way to make WIN-WIN situation for "Amanah Saham National"/ASN. ASN can show "We're doing well during crisis, outperform benchmark"...
Huge BUY Volume from EPF and ASN recently .... I bet we also need to support together. Let's make $$$ together :)...

Strategy :
I don't care, Just buy, short and sell after making profit.

Risk :
Very low - High dividend stock.

MYEG.KL In focus

7:01PM MYEG Wong Thean Soon (14,400,000 Shares Transacted)
7:01PM MYEG Wong Thean Soon (14,400,000 Shares Transacted)
7:00PM MYEG Asia Internet E-Services Holdings Sdn Bhd (7,200,000 Shares Disposed)
7:00PM MYEG Raja Munir Shah Bin Raja Mustapha (7,200,000 Shares Disposed)
7:00PM MYEG Raja Munir Shah Bin Raja Mustapha (7,200,000 Shares Disposed)

This is high growth small cap company. Its business model is very defensive.

TP. RM0.80

Digi to return excess cash to shareholders (FV- RM22.00)

DIGi.COM Bhd may consider returning excess cash to shareholders as an option to optimise its balance sheet, its chief executive officer Johan, Dennelind said. “We are trying to optimise our balance sheet .We started that exercise a few years ago and want our balance sheet in an optimal capital structure. (Malaysian Reserve)

Comment: This is a not a new development as management has been progressively undertaking capital management activities to right size its balance sheet. We had previously highlighted that there is room for Digi to return up to RM2.00/share assuming it closes the gap with regional comparables in terms of net gearing of 0.8-1x (net debt/EBITDA 1x) from the current minimal net gearing position. Based on our dividend forecast of RM1.35/share for FY09, Digi’s dividend yield translates into 6.2%. We are maintaining our NEUTRAL recommendation with unchanged target price of RM22.00 on concerns over the potential overhang resulting from portfolio re-balancing ahead of the imminent listing of Maxis which is also being pitched as a dividend stock.

Sunday, October 4, 2009

Wilmar Singapore - In focus

Wilmar price start down slowly because of delay on IPO in China.

BUY 5.00-5.50

TP : SGD7.50