Assault on Fortress Digi

Today should rightly be called the assault on fortress Digi.

Desperate Sellers from Eurozone?

The number of sellers were in 1000s and they have managed to paint Digi red from the very start of trading today.

The counter touched RM3.60 and is currently trading at RM3.61-RM3.62 with 15,500 lots on offer.

What gives?

It is a definite sell-off; either  from wounded Eurozone investors or government funds liquidation?

Will there be white knights riding in for the rescue on the horizon as the afternoon comes to a close?

Well, nnone appeared and Digi fell 4 sen to RM3.62.

Tomorrow is Friday and Wall Street is crying.

Will Digi fare better tomorrow?

Johor Corp's Last Card

Talk about a bailout this year in July and Johor Corp will relived the nightmare of the impending debt that they had to pay with a bond issue.

Near Desperate Plan

Johor Corp had swallowed more than they could digest of corporate and bank loans in expansion plans and fire sale of industrial estate and land would not do for it in the long run. Biting the bullet can be really painful.


And so, they do the obvious. As expected, they used Kulim to take QSR Brands and KFC private so that they can access the dividend horde in one fell swoop.

Mother Lode

So, the Bursar was informed today of their intention officially.

The offer: QSR shares at RM6.80 a piece and KFC shares at RM4.00

Dividend Horde

And so we say good-bye to another 2 quality counters.

Sin,Sin and Win!

Look at the winners on Bursa KL today and you will see winners from two sin industry.

Let us first look at the cigarette industry largely represented by BAT and JTInternational.

Ever since Budget 2012 decided to let off these cigarette companies from new taxes, their share prices have been moving upwards ever impressively.

Sinful Leisure

After climbing to a new high of RM48.70, BAT shares again created history by closing at RM48.98, a 2 sen whisker from RM49.00.

As for JT International, it is trailing at RM7.05, up 13 sen

Going for RM50 in no time......

Now let us look at the other sin traders- GAB and Carlsberg Breweries.

The Mighty Stout

Both took pole positions today. GAB did not let up or disappoint minority shareholders, upping another 20 sen to RM13.18 while Carlsberg added 37 sen to RM8.83 today after moving up in a flurry yesterday.

Danish Brew

Seems like there will be more merriment in the air as yuletide approaches this year.