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

Wednesday, November 28, 2012

MAS falls on delayed aircraft delivery

KUALA LUMPUR: Malaysia Airlines System Bhd's (MAS) share
prices dropped 18.8 per cent or 19 sen to 81.5 sen as at 10.05 am after economists anticipated negative impacts from the delayed re-delivery of 10 ageing Boeing 737-400 aircraft.

MIDF Research said MAS originally entered into an Aircraft Sale Agreement with Bank of Utah to buy back 10 existing Boeing 737-400 aircraft at US$6.4 million (RM19.5 million) per plane to avoid the impairment charge incurred in the re-delivery conditions imposed during the lease tenure.

"But now the ageing 10 aircraft will be utilised until the end of 2014 and this will not reduce the average fleet to 7.7 years from 12.2 years as planned before," it said in a research note today.

MIDF Research said in order to strengthen its balance sheet, the national carrier has unveiled a new fourth pillar of financing comprising share price par value reduction to RM0.10 from RM1 and new rights issues with gross proceeds of RM3.1 billion.

It said the cancellation of the RM0.90 par value will give a credit of RM3 billion to partially offset the accumulated losses in the balance sheet.

The rights issuance, targeted for completion in the second quarter of financial year 2013, will be utilised to pare down debt by RM777 million with the remainder for capital expenditure and working capital requirements.

Read more: MAS falls on delayed aircraft delivery

Seller’s Remorse Will Drive Stocks Higher Through Year End: Kilburg

Friday, November 16, 2012

Wednesday, November 14, 2012

Time to Buy Telco Stocks

Source: Bernama

Digi taps into M'sians for mobile instant messaging

KUALA LUMPUR (Nov 9, 2012): DiGi Telecommunications Sdn Bhd (DiGi) is reaching out to more Malaysians who cannot live without mobile instant messaging through an exclusive offer for DG Prepaid Smart Plan subscribers effective Monday.
"From Monday, the promotion offers subscribers an extended reload validity period and unlimited free data charges when using the WhatsApp Messenger, said DiGi in a statement today.
The mobile phone operator's collaboration with WhatsApp Inc has also given DiGi a competitive advantage in enabling customers to better enjoy the most popular mobile messaging service.
Its Head of Products (Consumer and Business) Ting Shiew Han said: "Our DG Prepaid Smart Plan is the first prepaid plan in Malaysia tailored for smartphone users."
He said with every six out of 10 phones sold in Malaysia being a smartphone, DiGi was committed to deliver even better value and more convenience to customers by giving a longer validity period and more value when they sign up for the package and reload.


Saturday, November 3, 2012

SapuraKencana awarded RM836mil jobs

KUALA LUMPUR: SapuraKencana Petroleum Bhd has been awarded RM836mil worth of jobs by Petronas Carigali Sdn Bhd and HESS Exploration and Production Malaysia BV.
The award is effective from October 2012 until April 2016, with the option to extend for another year. The award is expected to contribute positively towards the earnings and net assets per share of the SapuraKencana Group for the financial years ending Jan 31, 2013 to 2017.

Read also......from The Edge

Thursday, November 1, 2012

SapuraKencana secures RM135.8m EPCC contract

KUALA LUMPUR: SapuraKencana Petroleum Bhd has secured a RM135.8mil contract from HESS Exploration and Production Malaysia B.V. to provide its services to the North Malay Basin Field.

SapuraKencana said on Thursday its Kencana HL Sdn Bhd would provide the engineering, procurement, construction and commissioning (EPCC) of the Kamelia-A wellhead platform.

The platform would be used for the early production system of the integrated gas development project.

"The award comprises the provision of EPCC of a wellhead platform for Kamelia Field, which is part of the North Malay Basin, an area located approximately 300km offshore Peninsular Malaysia. The work is expected to be completed by the first quarter of 2013," it said.


Related Posts Plugin for WordPress, Blogger...