Archive for July, 2013

Shares end flat

Wednesday, July 31st, 2013

LONDON: European shares were flat yesterday as Barclays led a selloff in banks after announcing a STG5.8 billion (RM28.6 billion) rights issue and disappointing earnings, offsetting upbeat statements from France’s EDF among others. The European FTSEurofirst 300 index was flat at 1,205.99 points, off an early high of 1,211.88 points. The FTSEurofirst 300 had started […]

Market Weakness Brought On By Fitch’s Downgrade

Wednesday, July 31st, 2013

To me, its a “tell me something we don’t already know”. It is a knee jerk thingee, if ringgit weakens some more, our exporters will love Fitch even more.Maybank Investment Bank has this hot off the press research op:Fitch downgraded Malaysia’s sovereign credit rating outlook to “negative” from “stable”, although the existing high investment-grade ratings […]

Petronas to delay US$19b refinery project to 2018

Wednesday, July 31st, 2013

Petronas to delay US$ 19b refinery project to 2018 http://theedgemalaysia.feedsportal.com/c/33912/f/613038/s/2f5d248d/sc/2/l/0L0Stheedgemalaysia0N0Cindex0Bphp0Doption0Fcom0Icontent0Gtask0Fview0Gid0F2482620GItemid0F79/story01.htm L. C. Chong’s Investment and Trading Blog

Rebounds ahead of US Fed meet

Wednesday, July 31st, 2013

HONG KONG: Asian markets yesterday mostly rebounded from the previous day’s losses on bargain buying in cautious trade ahead of a closely watched policy meeting at the United States Federal Reserve. With the focus on the Fed, investors brushed off losses on Wall Street while Japanese shares enjoyed a pick-up thanks to a weakening yen. […]

Higher on bargain hunting

Wednesday, July 31st, 2013

SHARES rose 0.48 per cent yesterday as bargain hunters moved in following recent losses while dealers await a United States Federal Reserve meeting this week. The benchmark Hang Seng Index added 103.81 points to 21,953.96 on turnover of HK$ 44.63 billion. Confidence was helped by reports that China’s central bank was injecting 17 billion yuan […]

S&M Show Podcast

Wednesday, July 31st, 2013

Topics: SONA-W vs CLIQ-W; Jaguh Kampungs, the Malaysian listed companies’ reluctance to go regional or global. http://www.bfm.my/podcast.html Song Pick: The Rainbow Connection by Kermit the Frog Malaysia-Finance Blogspot

HAIO–Fundamental Analysis (31 Jul 2013)

Wednesday, July 31st, 2013

HAIO – Q4 2013 Financial Report (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1333169) on 26 Jun 2013 Analysis Report – http://lcchong.files.wordpress.com/2013/07/haio-fye-2013-estimation.pdf or more (http://lcchong.wordpress.com/knowledge-sharing/) I have updated my previous analysis on HAIO to reflect my reason of buying HAIO. The reason is the directors were buying HAIO heavily. This shows that the management of the company got high confidence on company […]

Index up 8.48 points

Wednesday, July 31st, 2013

THE Straits Times Index ended 8.48 points, or 0.26 per cent, higher to 3,245.45, taking the year-to-date performance to 2.47 per cent. The FTSE ST Mid Cap Index declined 0.04 per cent while the FTSE ST Small Cap Index slipped 0.74 per cent. The top active stocks were SingTel, which added 0.51 per cent, Kep […]

Malaysian O&G – RAPID delayed again (HwangDBS)

Wednesday, July 31st, 2013

According to Reuters, PETRONAS will delay its RM60bn Refinery and Petrochemical IntegratedDevelopment (RAPID) in Pengerang with commissioning expected in 2018 (vs 2016 initially). This is thesecond time that PETRONAS pushed back the start-up of RAPID due to issues with the water supply as well as relocation of existing villages and graves in Pengerang. The RAPID […]

Yield Remains In…

Wednesday, July 31st, 2013

Yield Remains In… http://www.facebook.com/SharesInv/posts/10151588712098736 L. C. Chong’s Investment and Trading Blog