Rare Pure Moments!

Yes, these are rare sights.Truly wonderful pictures! Only those opportune with a handy camera ready to shoot can catch these moments. Do you agree?

Bursa KL: Momentum Maneuver

Some doyens of the stock markets said that it is very difficult to play in the Malaysian stock market.


Reason given:no momentum.

Bursa KL used to be flushed with funds when the foreigners were playing here in droves. After suffering huge losses because of the sub-prime debacle on Wall Street, a lot of these funds went back to stave off the hemorrhaging at home. So, less than 30% of the dabbling daily comes from foreigners. The rest are from our handful of institutional buyers and some picky retail players.
Retail players are generally weak. They play by the day. Once some counters show momentum, they buy into it and await. If they make profit on that day, they liquidate. If not, they timed themselves with the hope that the counter will run. We have seen in the past 10 days such movements. Time Engineering,Red-tone,YTL-E Solutions, Ramunia and A3 galloped away. After a lull, they are becoming hot again.Some are cantering well with heavy volume particularly Time Engineering. Expect action and fun next week if Wall Street is generous.


The other counters which will likely gallop away in the near future are JAKS, KPS,KHSB,RCE and MRCB. Watch for volume as they build strong shoulders to spring off!

The Tiger Roars Again!

Malayan Banking (Maybank), the country’s biggest lender reported its first-quarter,showing net profit has risen more than half as the rebound in Asian economies boosted fee-based income and its loan book.

Maybank, with a staggering market value of US$14 billion (RM47.6 billion), posted July-September net profit of RM881.8 million compared with RM572.2 million a year ago.

The earnings were higher than the average forecast of RM720 million by four analysts surveyed by Reuters.

The lender, 65 per cent owned by government-controlled agencies, has launched an ambitious restructuring plan this year to win a place among the top five banks in Southeast Asia following a series of expensive acquisitions in 2008.

Maybank shares have gained 50 per cent this year, outperforming the 46 per cent rise in the broader market index, but lagging the more than 100 per cent gain by Malaysia’s top wheeler dealer,CIMB.

Can the tiger's roar be heard loud and clear again in the financial jungles? Can it beat down the politically-connected CIMB?

We will let them each to tell us their stories in due time.