Stocks to rise and fall...

Well, if you're superstitious we have certainly past the time of the year where its the most inauspicious day for stock investment market....so what now? bullish or bearish?
I think Greece will take the money and pass the austerity measures to pave way for continuous borrowing... Europe will not want to experience the impact of Greece's default, so is US.
Asia, basically don't care too much of Greece and if you ask me, you can't keep borrowing money to feed a broken financial system, you need to restructure and the measures are usually painful in the beginning. Afterall, the government screwed up and should have taken steps to prevent this.

Anyway, with much observation and some statistical data (courtesy of a friend) on some of the volume transactions in KLCI, I am 99% sure the stock market is poised to blow past the all time high soon. Fingers' crossed :p
Well, my personal stocks of favourite are Dialog, Perisai, YTLLand, DRBHCOM, Genting, & UEMLand

Stocks I would shun are XOX, MSM, UOA, Mclean, Gpacket. :p

Dialog a buy...

Ok, stocks have been flat for a while now and despite the negative sentiments of uncertainty due to the upcoming election, Dialog remains strongly supported ~RM2.75-2.85 range.

The proposed Petronas ~RM50 billion Refinery and Petrochemical Integrated Development (RAPID) in Pengerang, southern Johor, is expected to benefit oil and gas (O&G) players like Dialog Group Bhd and PCHEM.

Dialog, an integrated specialist in technical services in the O&G and petrochemical industry, and the company already has a major presence in Pengerang and the O&G construction segment

The company certainly stands to benefit from the RM50 billion investment by Petronas,
Dialog which already has a progressing terminal project in Pengerang has established itself a significant presence in the O&G downstream segment and has a track record of building various Petronas’ plants across the country.

Today's stock price looks cheap and definitely good for buying in anticipation of a small rally come Jul-Aug.

I remain very bullish of Dialog's 3-6 months stock price. Target RM3.40 in the next quarter.

XOX another scandal by SC?

Well, like it or not the IPO process is not simple and costly.
Also let me tell you its utter waste of resources to list a company like Mclean and XOX in particular. Despite Bursa claim to want to attract more foreign investors to Bursa, tightening of listing rules and regulations, etc... we have these 2 of late that are hypothetically a "good" for listing company but the development that surrounds them are highly questionable especially XOX whereby the company's timing in IPO, pricing, quarterly results, all were there to show Bursa does not have what it takes to prevent such companies from getting listed going forward unless, SC is willing to face the fact and revamp.
The ones losing out most are the retailers so unless we want to drive investors away from IPO, Bursa needs to change.

Why KLCI cannot move despite Goldman Sachs's call?

Well, many people always ask me why KLCI seems to be living in an isolated world and the stocks go up and down in a manner that is oblivion to the world market movement in general??
I will tell you why despite an overweight call on the malaysian equity, KLCI remains like shit.
One reason, lost of confidence in the government's leadership and credibility to lead the country with integrity, honesty and success. The perception of corrupted judiciary system, corrupted police force (not all from chief to constable, I hope) is what causes this market to behave pathetically most of the time. Even CNBC don't wanna talk about malaysia at all. Shit its damn frustrating to waste such a great nation away by having incompetent leadership. Brain drain has to be stop at all cost if we want to save this nation.
Look at the news today about evidence of police "executing" 3 youths that police claimed to be suspects of gang robbery. After reading all the info, I don't feel safe at all, let alone foreign investors. Sad day for Malaysia.
http://www.themalaysianinsider.com/malaysia/article/three-executed-while-kneeling-before-cops-says-lawyer/

DRBHCOM poised to rise?...

Ok, the Islamic banking merger with Bank Islam seems to be hitting a snag....

pos malaysia value unlocking will accelerate from here and more "news" is expected to be flowing to the public soon....

Technically speaking, the stock is looking strong and well supported at a 2.17-2.24 range.

Local institution is net buyer for a while now... more aggressive share purchase is expected from here until the month of Jul-Aug timeframe.... watch the stock closely...

Personally, I expect the stocks to reach RM3 within this year and for Q3, RM2.75 is within reach...

Mclean IPO, what happen??

Well, my previous posting that MClean price will stabilize at 29sen seems to be invalid now that this company posted a pretax los of ~RM200k. barely a month since this stock got listed.
Hell, no one would ever expected that a company who got screened and approved by SC will still post a loss ~3 weeks after IPO!!!
I have one comment for SC, the research house (Kenanga), Bankers who prepare approved the prospectus, fuck you and may you rot in hell. This is worse than broad daylight robbery, its pure CBT and those responsible should be arrested and put in jail to restore the trust of the investment community towards KLCI.
Knowing damn well that the company's financial health is not good, the IPO is still approved.
Don't fucking tell me that the company only starts to lose money after IPO?
By the grace of God I am not involved in the this stock but I cannot stand the way our government allow these irresponsible and corrupt institutions to cheat money from investors particularly the unsuspecting public who has limited access to the health of the company on its way for IPO.

With the latest quarterly report from this company, I now set the target price for Mclean to reach 9 sen.... its a SELL at all cost!!!

SC, if you have haven't lost your soul to the devil please delist this company from the exchange.