Fund Manager is buying in on 30 Oct 2008

Fund manager is buy up KLCI after KLCI hits close to 800 point. Is this mean the crisis is over?

I personally no think so. 10 world richest man had jump in to buy share had cost the world index up but the real or fundamental problem still not solve yet.

Temporary now is a good time to come out from KLSE. This still not a sign of crisis is over.

Off Market Transactions On KLSE (30 October 2008)

Stock	Dir-Vol	Dir-Val	Av-Price
AXIS	5,500,000	467,500	0.085
ECOFIRS	4,500,000	495,000	0.11
TSH	4,192,100	4,845,310	1.156
SUNCITY-WA	3,510,300	579,200	0.165
ENVAIR	2,097,500	83,900	0.04
LEWEKO	1,948,980	643,163	0.33
SUNCITY	1,672,100	2,508,150	1.5
KURASIA	1,500,000	390,000	0.26
MALTON	1,500,000	405,000	0.27
KHIND	1,000,000	730,000	0.73
OLYMPIA	485,000	89,725	0.185
GUOCO	420,000	378,000	0.9
HLBANK	350,000	1,582,000	4.52
HEXAGON	315,600	441,840	1.4
RESORTS	300,000	735,000	2.45
OCB	230,000	121,900	0.53
VOIR	200,000	360,000	1.8
ESCERAM	197,000	22,655	0.115
TOMEI	167,200	86,944	0.52
PA	155,000	71,300	0.46
PERWAJA	114,500	92,745	0.81
MAGNA	105,000	177,450	1.69
VADS	100,000	715,000	7.15
KNUSFOR	80,000	70,400	0.88
CHINWEL	80,000	63,200	0.79
DIGI	60,000	1,132,800	18.88
WCT	40,000	50,800	1.27
AMMB	10,000	20,500	2.05

Wall Street - Shooting higher and then skidding lower in the very last minutes

Wall Street received the interest rate cut it wanted, but still turned in a baffling late-day performance yesterday, shooting higher and then skidding lower in the very last minutes of trading as some investors rushed to cash in profits after the previous session's big advance. The major indexes ended the day mixed, with the Dow Jones industrials falling 74 points — only the third time in October that the blue chips had just a double-digit close.

Analysts were divided over why the market turned around so abruptly. Some cited reports of a lacklustre profit forecast at General Electric Co — a Dow component that dropped nearly 4 per cent from its late-session high — and others contended investors were simply looking to cash in gains after the Federal Reserve's decision to lower its fed funds rate by a half-point to 1 per cent.

"It was a panic sell in the last two minutes," said Dave Rovelli, managing director of US equity trading at Canaccord Adams in New York, referring to reports that GE was aiming at 2009 profits to be little changed from 2008. The reports were subsequently called into question, and a GE spokesman said the statements were taken out of context.

Because of the last-hour confusion, it was likely that it would take the opening of trading today to get a better read on how the market feels about the Fed's rate cut and its accompanying economic statement. At the same time, the Commerce Department's expected reading on the gross domestic product for the third quarter will most likely shape trading.

Today's Market Preview (29-10-2008)

Gold hits higher

Gold just up RM3.83 in 2 trending day. This movement is bigger that share price.

KNM go down below RM 0.60

KNM is hit as low as RM 0.415 before make it back to RM 0.52 closing on 28 Oct 2008. Base on the chart, it is hard to said KNM is in what direction but we can see someone is trying hard to keep KNM above RM 0.50. Today may see a technical bound back on KNM, hope to get some profit later.

Off Market Transactions On KLSE (28 October 2008)

Stock	Dir-Vol	Dir-Val	Av-Price
TECASIA	21,840,000	982,800	0.045
AIC	2,857,000	1,285,650	0.45
ZELAN	2,000,000	2,100,000	1.05
PARKSON	1,700,000	5,610,000	3.3
LEWEKO	1,500,000	487,500	0.325
PICORP	1,444,100	642,625	0.445
LIPO	1,211,200	617,712	0.51
CHINWEL	500,000	450,000	0.9
KOBAY	480,000	237,600	0.495
SEALINK	353,400	159,030	0.45
WCT	300,000	435,000	1.45
MAYBANK	214,000	984,400	4.6
ARANK	200,000	98,000	0.49
TIMWELL	150,000	120,000	0.8
VADS	108,000	769,800	7.128
OCTAGON	100,000	74,000	0.74
YHS	78,480	79,265	1.01
ESCERAM	52,600	6,049	0.115
RANHILL	50,000	24,500	0.49
AMMB	50,000	106,000	2.12
RESORTS	50,000	111,000	2.22
EWEIN	40,000	30,600	0.765
AMTEL	24,000	12,720	0.53
YTLPOWR-WB	19,000	7,695	0.405
IOICORP	5,000	12,350	2.47
GENTING	3,000	10,800	3.6
MUDAJYA	2,800	2,940	1.05
MYCRON	500	155	0.31
UMCCA	100	468	4.68
MELEWAR	66	31	0.47

Digi just hits RM 20.80 on 28 Oct 2008

Digi price hits back to Sept 2007. With 78sen special dividend, now is a good price to buy in Digi counter.

KLCI is on the way down to 800 point

KLCI is on the way down to 800 point! More panic selling will happen when KLCI drop below 800 point.

If you have some saving, now is the time to buy some good company to invest for long term. Company like Digi, BAT and PBBank will be target by fund manager to buy in during this sale down.

Off Market Transactions On KLSE (24 October 2008)

Stock	Dir-Vol	Dir-Val	Av-Price
WASEONG-WA	5,761,428.00	893,021.34	0.155
IPOWER	5,170,000.00	773,800.00	0.15
WASEONG-LA	4,334,141.00	10,531,962.63	2.43
COMPUGT	4,300,000.00	494,500.00	0.115
PARKSON	3,400,000.00	11,560,000.00	3.4
MELEWAR	3,066,666.00	1,533,333.00	0.5
ZELAN	3,000,000.00	3,150,000.00	1.05
HLBANK	2,500,000.00	11,950,000.00	4.78
PETRA	2,229,800.00	3,866,064.00	1.734
FRONTKN	2,000,000.00	1,020,000.00	0.51
IE	1,681,300.00	100,878.00	0.06
MEDAINC	1,500,000.00	120,000.00	0.08
LEWEKO	1,000,000.00	340,000.00	0.34
KONSORT	600,000.00	504,000.00	0.84
BJLAND	420,000.00	1,512,000.00	3.6
LIONIND	400,000.00	274,000.00	0.685
PICORP	391,200.00	183,864.00	0.47
TWS	320,000.00	736,000.00	2.3
MAEMODE	270,900.00	297,990.00	1.1
PMETAL	250,000.00	150,000.00	0.6
PRDUREN	247,300.00	114,994.50	0.465
KNM	173,000.00	102,935.00	0.595
VADS	150,000.00	1,072,500.00	7.15
BINTAI	87,800.00	35,998.00	0.41
HUAAN	40,000.00	10,400.00	0.26
GAMUDA	35,000.00	50,050.00	1.43
YIKON	10,000.00	8,000.00	0.8

Proof for RM5 billion will not go down the drain

Malaysia’s largest labour union and opposition leaders yesterday denounced government plans to inject RM5 billion into the stock market, saying they fear public funds could be misused to bail out ailing, well-connected companies.

The government earlier this week said it would double the size of state agency ValueCap Sdn Bhd to RM$10 billion to invest in stocks regarded as undervalued because many fundamentally strong companies were trading at low prices.

It has said the Employees Provident Fund (EPF) would provide a RM5 billion ringgit loan to Valuecap.

But the Malaysian Trades Union Congress, which represents some 500,000 workers, said the EPF is the custodian of people’s money and “not the ATM for the government” to bail out state-linked firms.

“This is the hard-earned money of the workers, their retirement plan. How is this bailout plan going to benefit the workers?” it said in a statement.

Opposition leader Datuk Seri Anwar Ibrahim said the additional money was merely 1 per cent of market equity and would have no impact on the bourse which has plunged by more than 37 per cent this year.

It “serves no logical purpose other than to prop up some companies in the stock market,” he told reporters in Parliament.

Lim Kit Siang, head of the opposition Democratic Action Party, said Valuecap has operated in secrecy since it was set up in 2003 and that its accounts have not been audited.

“This are the people’s money. In order to ensure that this is not a bailout...there should be a public scrutiny” of Valuecap’s accounts, he said.

The union and opposition leaders said there was no guarantee that the pension fund would profit from the loan to Valuecap given the weak market conditions.

“We want proof that this RM5 billion will not go down the drain,” the MTUC said.

The move to bolster the stock market was part of government measures to help improve sentiment and boost the economy amid the global financial downturn. The government has said it may have to cut its 5.4 per cent growth forecast for 2009

Today's Market Preview (24-10-2008)

KLCI down back to year 2006

KLCI may bounds back to above 900 when ValueCap Sdn Bhd use his RM 5b EPF money to buy up share.

With market situation still unstable, we may see selling activity take place when KLCI hit above 920 point.

Now keep Gold is better keep share.

Gold Prices hits bottom

Now is a good time to buy in Gold to make profit.

Off Market Transactions On KLSE (23 October 2008)

Stock	Dir-Vol	Dir-Val	Av-Price
KNM	11,376,000	6,768,720	0.595
KURASIA	7,052,800	2,045,312	0.29
ECOFIRS	5,000,000	650,000	0.13
PETRA	2,502,000	4,828,860	1.93
ASIATIC	2,260,000	7,051,200	3.12
FOCAL	1,200,000	204,000	0.17
PELIKAN	1,196,600	2,058,152	1.72
NAGAMAS	1,000,000	600,000	0.6
UBG	700,000	1,680,000	2.4
HUAYANG	700,000	385,000	0.55
DAYA	500,000	125,000	0.25
KONSORT	420,000	382,200	0.91
MOBIF	358,800	39,468	0.11
MESB	335,000	107,200	0.32
LEADER	331,500	169,065	0.51
EVERMAS	188,200	90,336	0.48
FRB	166,200	126,312	0.76
PERWAJA	114,500	100,188	0.875
ETITECH	100,000	195,000	1.95
AMMB	10,000	21,000	2.1
WCT	5,000	7,250	1.45
FSBM	9	6	0.63

Today's Market Preview (23-10-2008)

What Had Started This Credit Crisis?

Because this credit crisis started stealthily, few people saw it coming. It’s like the old adage about boiling a frog. If you were to drop a live frog into a pot of boiling water, it would jump right out. But if you were to drop a frog into a pot of cold water and then heat the water slowly— well, the frog doesn’t realize the peril it’s in until it’s too late.

The first obvious heat for the U.S. economy’s pot of water was the subprime mortgage crisis, when thousands of risky mortgages started to go bad in 2006. Then the heat got turned up in June 2007 by the failure of a Bear Stearns hedge fund that had invested in the securitized version of these risky subprime loans. Less than a year later, in March 2008, the Fed engineered a bailout of Bear Stearns via JP Morgan. The temperature rose higher still in September 2008 as the U.S. government bailed out Fannie Mae, Freddie Mac and AIG. It also subsidized the mergers of some investment and commercial banks while letting Lehman Brothers go bankrupt. And then came the bailout bill.

But the primary heat source that came before all of these others was an overabundance of credit in the marketplace, thanks to the Fed’s easy-credit stance at the turn of the 21st century.

Off Market Transactions On KLSE (22 October 2008)

Vary low off market transaction with big drop on KLCI, not a good sign. In this few days something will happen in global share market. Today 23 Oct 2008, Australia open market with -153.4 point just think what will happen to KLCI today opening. We may see KLCI drop below 900.

Stock	Dir-Vol	Dir-Val	Av-Price
PPEDANA	1,700,000	8,296,000	4.88
MEDAINC	1,500,000	120,000	0.08
VASTALX	1,250,000	562,500	0.45
LHH	929,300	813,138	0.875
PICORP	700,000	311,500	0.445
TECFAST	670,000	67,000	0.1
EMIVEST	450,400	202,680	0.45
EVERMAS	335,500	201,300	0.6
FRB	330,000	247,500	0.75
CANONE	210,000	159,600	0.76
KONSORT	208,852	191,100	0.915
IGB	200,000	240,000	1.2
KNM	200,000	137,000	0.685
IOICORP	200,000	660,000	3.3
BCB	200,000	80,000	0.4
MAEMODE	151,100	181,320	1.2
RUBEREX	150,000	157,500	1.05
YNHPROP	100,000	130,000	1.3
AMMB	100,000	240,000	2.4
ANNJOO	57,250	79,578	1.39
ANNJOO-WB	38,900	13,421	0.345

A good time to buy Gold

At 1:19pm Gold just drop to RM88.32 per gram selling by Public Bank Gold Investment account. This is a good time to buy in Gold, In long term sure Gold price will up. The highest gold price hit RM 106.38 just 2 week ago, since now the USD 1 is around RM 3.50 and this situation will drop after US print and issue out new money.

Now US is speculate Gold price down so that it can accumulate more gold for printing more USD to help US local bank. When the speculation over, Gold price will go high again.

Short selling had just move to LIONIND from KNM

Looking opportunity to buy at the afternoon.

Today's Market Preview (22-10-2008)

Off Market Transactions On KLSE (21 October 2008)

Stock	Dir-Vol	Dir-Val	Av-Price
MALTON	5,000,000	1,400,000	0.28
PICORP	2,286,400	983,152	0.43
ANNJOO	2,261,959	3,076,264	1.36
KONSORT	1,857,700	1,746,238	0.94
ANNJOO-WB	1,130,979	226,196	0.2
SALCON-WA	1,055,000	179,350	0.17
HLBANK	1,000,000	5,250,000	5.25
PETRA	1,000,000	1,960,000	1.96
PA	950,000	475,000	0.5
CBSTECH	820,000	262,400	0.32
TECFAST	800,000	80,000	0.1
PRDUREN	500,000	215,000	0.43
BJLAND	420,000	1,512,000	3.6
SIGN	400,000	424,000	1.06
INIX	366,800	64,190	0.175
IPOWER	300,000	46,500	0.155
LATEXX	256,000	70,400	0.275
BCB	200,000	80,000	0.4
MYEG	160,000	140,800	0.88
IOICORP	120,000	401,000	3.342
ASTINO	113,300	50,985	0.45
MAEMODE	94,000	105,280	1.12
TENAGA	10,000	65,500	6.55
KNM	10,000	6,900	0.69
COMMERZ	10,000	66,000	6.6
COMPUGT	10,000	1,150	0.115
KLK	6,000	48,200	8.033

Today's Market Preview (21-10-2008)

Malaysia economic stabilising plan

The Malaysia Government has doubled the amount of money available to buy undervalued stocks to RM10bil and will also continue with its spending to boost the country’s economy.

Finance Minister Datuk Seri Najib Tun Razak announced that these two moves were part of the Government’s plan to ensure that the economy would not be affected by the global financial crisis caused by the meltdown of banks in the United States.

“The country is not in a financial crisis and we certainly should not talk ourselves into one,” said Najib during his keynote address at the Khazanah Megatrends Forum yesterday.

However, he warned that the country should brace for a lower economic growth next year in view of the global slowdown.

Among the measures Najib touched on were:

> INJECTION of RM5bil to double the size of Valuecap Sdn Bhd that was set up by the Government in 2003 to invest in undervalued companies;

> REVIEW of some foreign investment committee guidelines to make it more attractive for foreign investors, especially in the property and commercial sectors;

> LIBERALISATION of the service sector to attract more investment and generate more local employment;

> RE-PRIORITISING projects with focus on those that can be implemented expeditiously and with high economic multiplier effects; and

> STRENGTHENING of small and medium-scale enterprises through new initiatives by financial institutions and access to special Bank Negara funds.

Najib, who is also Deputy Prime Minister, said he would give more details in Parliament on Nov 4 during his Budget winding-up speech.

On Valuecap, Najib said the funds were being pumped in given the current opportunities for value investing.

“The stock market has many fundamentally strong companies. Many companies are presently trading at attractive valuations, creating opportunities for value investing.”

On re-prioritising projects, Najib said some “lumpy projects” with little economic multiplier effects could be postponed but promised that the Government would continue with its spending.

“The planned expenditure for 2009 will continue and there will be no financial cutbacks. This position was agreed upon by the National Economic Council executive council under the chairmanship of the Prime Minister.”

He said short-term measures to tackle external financial turmoil should not come at the expense of the country’s long-term development and global competitiveness.

Najib also slammed the West who “incessantly lectured and hectored us to adhere to their advice (10 years ago during the Asian financial crisis).”

“Ironically, they have now unfortunately failed to live up to their own high standards of lending and regulatory functions they had expected of us,” said Najib.

Good price to enter KNM - RM 0.60

RM0.60 is a good price to enter KNM but not to keep long want the share on RM 0.70 sale back and wait to buy in again.

Base on the chart the bounds back sign is not yet in the chart so to invest for long term still not the time yet.

MayBank have load out the money for KNM but the money still in process, wait till all the money is in KNM sure the boss will do something.

The founder of KNM now have 26% of KNM share increase 6% during the sale down and the news saiding the forgein fund is exit from KNM but why the % still the same.

Someone is sale down the share price to have a good entry and base on the vol flow KNM is still a good company to invest. I think RM0.60 is a good entry to make profit.

Off Market Transactions On KLSE (20 October 2008)

Stock	Dir-Vol	Dir-Val	Av-Price
TECASIA	32,500,000	1,462,500	0.045
PMCAP	14,005,000	1,260,450	0.09
DOMINAN	5,612,237	1,964,283	0.35
SALCON	1,561,000	624,400	0.4
MEDAINC	1,545,000	139,050	0.09
TSH	1,510,000	2,642,500	1.75
PETRA	1,500,000	3,120,000	2.08
PICORP	1,221,600	561,936	0.46
KBB	1,000,000	385,000	0.385
SIGN	875,000	937,500	1.071
PELIKAN	785,923	1,391,084	1.77
NAKA	750,000	607,500	0.81
NAMFATT	700,000	168,000	0.24
LEWEKO	520,000	184,600	0.355
SAAG-WA	505,000	35,350	0.07
HPI	500,000	275,000	0.55
LBS	458,000	112,210	0.245
SEALINK	347,000	190,850	0.55
IPOWER	300,000	45,000	0.15
UNIMECH	145,000	100,050	0.69
ECOFIRS	129,000	18,060	0.14
AMMB	100,000	255,000	2.55
ATLAN	95,000	256,500	2.7
BINTAI	68,500	26,715	0.39
KZEN	35,200	4,224	0.12
KNM	30,000	21,450	0.715
ECM	10,000	4,250	0.425