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.

Wilmar Singapore - In focus

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


BUY 5.00-5.50

TP : SGD7.50

Good News: U.S. job losses accelerate

WASHINGTON (MarketWatch) -- Job losses accelerated in September, driving the U.S. unemployment rate to a 26-year high of 9.8% and casting a cloud over the incipient economic recovery.


-Tun Lee - I prefer bad news more than good news. So, Hopefully more bad news coming soon. Let's celebrate bad news tonight.

Current Strategy :-
1) 100% Focus on US bank stocks. Let's Chiong to stock.

Mission
1) Earn RM300k - One free house in Butterworth, Penang.


Note: Now, i'm super aggressive. If you can't take the risk, please don't follow.

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ETITECH -> Insiders trading

6:43PM ETITECH Mansor Bin Padzin (11,033,900 Shares Transacted)


6:43PM ETITECH Dennis Chuah (81,860,748 Shares Transacted)

6:43PM ETITECH Al Yousuf L.L.C (68,077,200 Shares Transacted)

6:43PM ETITECH Iqbal Yousuf Habib Al Yousuf (68,077,200 Shares Transacted)

6:43PM ETITECH Khoo Lay Tatt (800,000 Shares Transacted)

6:43PM ETITECH Lee Kah Kheng (82,646,528 Shares Transacted)

6:43PM ETITECH Dato' Ahmad Shukri Bin Tajuddin (200,000 Shares Transacted)

6:43PM ETITECH Dennis Chuah (81,860,748 Shares Transacted)

6:43PM ETITECH Yeoh Li Hua (82,646,528 Shares Transacted)

6:43PM ETITECH Khor Yee Kwang (2,760,448 Shares Transacted)

6:43PM ETITECH Lee Kah Kheng (82,646,528 Shares Transacted)

6:43PM ETITECH Iqbal Yousuf Habib Al Yousuf (68,077,200 Shares Transacted)

6:40PM ETITECH Dealings in Securities

GAMUDA.KL - In focus - TP 3.70

Vietnam's economic is rebounce. GDP 5.4%.

- In short-term, we will able to see GAMUDA share spike once the construction sector recover.
- Foreseen, most of the construction stocks in Msia are not really attractive in short-term. It would be better to buy Gamuda, because explore to Vietnam's construction/development. More developments on going.

-Sultan Lee