Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Monday, August 19, 2013

DRB... time to buy??

We maintain BUY on DRB-HIcom Bhd, with a fair value of RM3.65/share – a 15% discount to our SOP value of RM4.31/share..>>> Source: AmeSecurities

We maintain our BUY rating and TP of RM3.60 which is based on a 20% discount to SOP... Source: HwangDBS Research - 16 Aug 2013

Saturday, June 8, 2013

Ytl engine primed!!

Thursday, June 6, 2013

Ytl haha

Tuesday, May 14, 2013

Friday, May 10, 2013

Wednesday, May 8, 2013

Dow ends above 15,000 for first time, S&P closes at record

NEW YORK (Reuters) - The Dow closed above 15,000 for the first time on Tuesday and the S&P 500 ended at another record high, extending the market's rally as more investors rushed to join the party and German industrial data beat expectations.
It was the fourth straight record close for the S&P 500. Both the Dow and the S&P 500 hit intraday record highs as well.
"People are concerned they're missing the boat if they're not fully invested in the stock market right now," said Eric Kuby, chief investment officer of North Star Investment Management Corp., in Chicago.

Read more

Tuesday, May 7, 2013

Monday, April 8, 2013

Bursa to bounce back within three months after election

KUALA LUMPUR (April 3, 2013): Bursa Malaysia, which today registered the steepest fall in 10 weeks after the announcement of the dissolution of Parliament, will bounce back within three months after the 13th general election, says an analyst.
Earlier this morning, Prime Minister Datuk Seri Najib Tun Razak announced the dissolution of the 12th Dewan Rakyat to pave the way for the 13th general election.
Affin Investment Bank Head of Retail Research Dr Nazri Khan expressed optimism that the FTSE Bursa Malaysia KLCI (FBM KLCI) would post stronger gains in the second half of this year.
"This is based on certain factors like local and foreign investors currently on a huge cash war chest and on "standby mode" ready to invest," he told Bernama.
Bourses in the Phillipines, Thailand and Indonesia are up more than 10 per cent year-to-date, suggesting that Bursa Malaysia would also play catch-up post-election, he added.
Nazri said despite the selldown seen today, Affin Investment has maintained the 1,720 level as its official target for the FBM KLCI by year-end, which means any weaknesses now are excellent opportunities to accumulate stocks.
The key index moved between a low of 1,632.28 and a high of 1,692.85 throughout the day.
Read source

Tuesday, April 2, 2013

YTL Corp

YTL Corp Records Half-Year Revenue of RM10.2 Billion (US$3.3 Billion); Net Profit Grows 34% to RM654 Million (US$212 Million)
15% Interim Dividend Declared

Kuala Lumpur, Thursday 21 February 2013
YTL Corporation Berhad announced today a 3.3% growth in revenue to RM10,194.8 million (US$3,299.3 mn) for the 6 months ended 31 December 2012, compared to RM9,868.2 million (US$3,193.6 mn) for the preceding corresponding 6 months ended 31 December 2011. Profit before taxation increased 5.8% to RM1,206.5 million (US$390.5 mn) for the first half of the financial year ending 30 June 2013, compared to RM1,140.2 million (US$369.0 mn) last year, whilst net profit attributable to shareholders increased 33.8% to RM654.4 million (US$211.8 mn) this year over RM489.2 million (US$158.3 mn) last year.
YTL Corp declared a second interim dividend of 15% or 1.5 sen per share, the book closure and payment dates for which are 14 March 2013 and 29 March 2013, respectively.
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group has achieved another strong quarter, with revenue topping RM10 billion for the half-year. Anchored by our water and sewerage operations in the UK and power generation and merchant multi-utilities activities in Singapore, the Group’s utilities division continued to drive growth. The division has also made strides in growing the subscriber base in the mobile broadband division which owns and operates the YES 4G network.
“Profit in the cement division increased due to better selling prices for cement and improved concrete sales. Meanwhile, the completion of several projects in Singapore saw lower revenue recognition in our property development division but this was offset by higher profits contributed by our investment in Starhill Global REIT, which owns prime retail and office properties in Singapore’s Orchard Road, Kuala Lumpur’s Golden Triangle and Tokyo’s upscale retail districts, as well as a retail mall in Chengdu, China, and the David Jones Building and recently-acquired Plaza Arcade in Perth.
“Bolstered by new assets, including Gaya Island Resort in Borneo and The Majestic Hotel Kuala Lumpur, a legendary property that has been newly restored and commenced operations during the quarter, the hotel division also performed well. Meanwhile, Starhill REIT, our hospitality REIT vehicle, completed its acquisition of the Sydney Harbour, Brisbane and Melbourne Marriott hotels in November 2012, further enhancing the REIT’s international portfolio.
“YTL Corp’s second interim dividend, together with the 10% dividend last quarter, brings the total cash dividend to 25% or 2.5 sen per share for the current year to date. This is one of the highest cash dividends declared for some time and is intended to reward YTL Corp’s long-term shareholders by enhancing their return on investment.”

Read source

Wednesday, February 6, 2013

DiGi Q4 earnings down 37% to RM245m on-yr on higher taxes (Update)

KUALA LUMPUR: DiGi.Com Bhd's earnings fell 37% to RM245.52mil in the fourth quarter ended Dec 31, 2012 from RM394.22mil a year ago due to a higher tax rate. It proposed a dividend of 2.5 sen a share or 25%.

It announced on Wednesday Q412's effective tax rate of 31.7% was higher than the statutory tax rate of 25.0% due mainly to the reversal of prior quarters' broadband network-related tax incentives during the current quarter under review. It said that Q412's taxation surged to RM114.20mil.

DiGi said revenue rose 5.4% to RM1.629bil from RM1.545bil while earnings per share fell to 3.16 sen to 5.07.

Its earnings for the financial year ended Dec 31, 2012 fell 3.9% to RM1.205bil from RM1.254bil in FY11.

Its revenue increased by 6.6% to RM6.361bil from RM5.964bil a year ago.

For the year under review, mobile internet customers increased from 5.2 million to 5.7 million, with mobile data revenues now accounting for 32.7% of the group's overall service revenues.

During the year, DiGi increased its capital expenditure to RM700mil in line with the progress made on the company's business transformation programme, which included modernisation of its network, information system and information technology (IS/IT) infrastructure, and distribution channels.


Fourth Interim Tax Exempt (Single-tier) Dividend 2.5 Sen
Entitlement Details:
Fourth interim tax exempt (single-tier) dividend of 2.5 sen per ordinary share
of 1 sen each for the financial year ended 31 December 2012.
Entitlement Type: Interim Dividend
Entitlement Date and Time: 22/02/2013 05:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2012
EX Date:20/02/2013
To SCANS Date:
Payment Date: 08/03/2013

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