Mulpha * alexsymbols

[rememberyou]

I really say that truth.
I really no a cheater.
trust me or no?

[new_shaun]

3.17 for 4 Lots = to a Breakeven Price of 3.224

Today Highest Price was 3.24 and Low Price 3.18

If you sell at 3.24 Today you would have make a total of around RM 66

Anyway, it is a profit already. Remember this, Tomorrow Market nobody can predict.

For me i'm a short-term investment so I would have sold it and buy again but if long-term investment try to keep the cash first for the lowest amount. Cash is KING!!!!! I rather make a average profit rather than high profit because if you cannot sell it is going to take a long time to recover.

Hope my advice help you. Good Luck in your investment.

[rememberyou]

Jupiter Securities head of research Pong Teng Siew told StarBiz that plantation companies had not been actively paying out the best dividends, particularly last year.

“Many seem to be hoarding their cash to embark on new land bank acquisitions.”

Production gain is slow in production.

Said Pong: “Planters need to grow by acquiring more land bank and progressively undertake replanting activities with high yielding clones.”

He concurred that land bank acquisition was the major strategy of local oil palm planters.

In Sabah, plantation land can fetch up to RM15,000 to RM16,000 per acre currently compared with only RM5,000 per acre in the late 1990s.

Sarawak plantation land is even higher at RM18,000 to RM20,000 per acre.

As for Indonesia, the land price is about half Sabah’s prices.

Pong said the major obstacle faced by most Malaysian plantation companies in the republic was mainly the land ownership issue despite the availability of huge tracks of plantation land.

IOI Corp group executive chairman Tan Sri Lee Shin Cheng recently said the group was keen to acquire more land in Malaysia rather than Indonesia.

“Given the current market uncertainties, we prefer to increase our land bank in Malaysia but in Indonesia, we will continue with new planting efforts,” he added.

His view was shared by Hap Seng Plantations group managing director Edward Lee Ming Foo.

Lee was quoted recently as saying that Hap Seng Plantations was looking at expanding its acreage in Sabah, where most of its plantations are located.

Planters that are still gung-ho over Indonesia’s prospects include IJM Plantations and Sime Darby.

Sime Darby group chief executive Datuk Seri Ahmad Zubir Murshid said recently the group was eyeing green field plantations in Indonesia. It will also consider buying distressed plantation companies.

[rememberyou]

3.180 

[rememberyou]

share prices are too high !! Look at IOICorp, close to 3.36 again ?? What for ?? To incur more losses to the local funds and retail traders ??
 :-*

[rememberyou]

What happen to IOICorp after reaching 3.36 ?? Drastic fall to 2.08 to incur huge losses to you all !! You are dead, totally dead after buying this **** IOICorp !! Is that right ?

[rased88]

give me  the NTA

[rememberyou]

IOICorp fell to 2.08 and just by remember that is not enough, you got to memorize it !! See how Anwar set you up !! Anwar, why fall to 2.08 ?? Why ??

[rememberyou]

IOI Decides Not To Buy MYR587M Prime Kuala Lumpur Building

KUALA LUMPUR (Dow Jones)--IOI Corp. (1961.KU) said Thursday it has decided not to proceed with its plan to acquire a building in downtown Kuala Lumpur for MYR586.7 million, in view of "adverse developments in the global economic environment."

"Due to the recent sudden adverse developments in the global economic environment which have spread to this region and impacted negatively on business sentiments, the company has, after due and careful deliberations, decided that it would be in the overall best interests of the company and its shareholders not to proceed with the proposed acquisition," IOI Corp. said in a filing with the stock exchange.

The company had in August signed an agreement with various vendors to acquire the entire 10 million shares in Inverfin Sdn. Bhd. that owns and operates Menara Citibank, a 50-story grade A office building in Kuala Lumpur.

The vendor's solicitors have written to say that IOI Corp.'s deposit of MYR73.4 million together with interest accrued thereon will be forfeited as liquidated damages for terminating the sale and purchase agreement, the company said.

"The company is seeking legal advice as to the propriety and quantum of the aforesaid forfeiture," it added

[rememberyou]

IOI Corp should better explain why it’s losing its RM73mil deposit
By P. Gunasegaram

 REALLY, listed companies should be a lot more careful before they pay a deposit for their proposed acquisitions. If they can’t complete their deals for any reason, they can lose hefty sums of money and raise needless suspicion over board integrity.

Boards of listed companies and CEOs should realise that they have a statutory duty not only to their major shareholders but also to each and every shareholder – and there are many minority shareholders to consider.

The least that listed companies should do when they abort their deals is to offer a full and fair explanation of why it was aborted, what were the events that had changed and why these things had not been anticipated in the first place.

Take the deal called off inexplicably by IOI Corp after having signed on the dotted line less than three months ago and losing over RM73mil in deposits paid in the process.

It had announced on Aug 28 the effective acquisition of Menara Citibank in Kuala Lumpur for RM586.7mil through the purchase of Inverfin Sdn Bhd which owned the building. Inverfin is owned in turn by Citigroup unit Citi Holding (50%), Singapore’s CapitaLand (30%) and Amsteel Corp (20%).

On Thursday, Nov 27, IOI Corp, just a day short of three months of the earlier announcement, told Bursa Malaysia that it has decided not to proceed with the acquisition.

The reason in IOI Corp’s own words: “However, due to the recent sudden adverse developments in the global economic environment which have spread to this region and impacted negatively on business sentiments, the Company has, after due and careful deliberations, decided that it would be in the overall best interests of the Company and its shareholders not to proceed with the Proposed Acquisition.”

It further announced that the vendors were forfeiting the deposits paid of RM73.4mil together with interest and added that it was “seeking legal advice as to the propriety and quantum of the aforesaid forfeiture”.

It is instructive to note what IOI Corp said in its original acquisition announcement: “The Proposed Acquisition will provide IOI with an immediate substantial rental income stream. With its choice location at the heart of Kuala Lumpur and well served by the surrounding infrastructure and amenities, Menara Citibank is presently enjoying close to 100% occupancy rate with quality tenants consisting of multinational companies and reputable companies in their respective industries.

“In addition, the 50-storey Menara Citibank is well-maintained and well-equipped with high quality mechanical and electrical equipment and good security system. Its distinctive design and quality also distinguish itself from the competing office buildings in the vicinity.

“On the whole, the Proposed Acquisition is a strategic move which augurs well for the IOI Group as it accords the Group with the golden opportunity to own one of the few available high-rise Grade A office buildings in Kuala Lumpur with first class location and prestigious address.”

So, why is that changed in three months? Was there an exodus of tenants from Menara Citibank? Did the rental income drop? Was there a collapse in office space prices? Why is the acquisition not strategic anymore?

Why could not IOI Corp have foreseen these problems earlier? After all, the subprime crisis was already upon us. Why did it pay the deposit which it now has most likely lost if it had felt there could be problems?

IOI Corp’s explanation is poor at best and we really don’t know what it is at worst. Investors certainly expect a lot more from this company, once the darling of the stock market. And so should regulators. Minority shareholders certainly have a right to be seriously upset.

Coming so soon after its recent debacle where it reported foreign exchange losses of over RM312mil for the quarter to end-September, the latest episode will put another dent in its reputation, largely unsullied until the forex episode.

[rememberyou]

Hi All,

Anyone know about IOICORP (1961) stock?

The highest price is 8.50. Today price is 3.16.

Is it a good shock?

[Kucing]

Hi All,

Anyone know about IOICORP (1961) stock?

The highest price is 8.50. Today price is 3.16.

Is it a good shock?

Good Shock ?

[rememberyou]

Hey Kucing... if u were me.. what shall u do ? sell or keep. 4 lot .

Thanks

[Kucing]

If I were you, wait first !
Foreign selling still persist in Bursa this few weeks !

Wait patiently for one fine day when foreigner whack down the price cruelly then it is the time to sapu !!

Not only for this stock but other stocks as well !

 

[rememberyou]

why fell down so fast~

[rememberyou]

Plantation firms to buy more land
CPO price downtrend provides opening for expansion

PETALING JAYA: Cash-rich local plantation companies will actively expand their land bank within the next five years via acquisitions of green fields, existing oil palm plantations and distressed planters.

Analysts believe the current downtrend in the crude palm oil (CPO) prices would provide local planters the advantage in sourcing for more attractively priced plantation land in favourite locations like Sabah, Sarawak and Indonesia.

The commodity boom over the past five years saw many tier-one and tier-two local planters accumulating healthy cash in the range of RM450mil to over RM1.4bil.

Of late, plantation giants like IOI Corp Bhd, Sime Darby Bhd and Kuala Lumpur Kepong Bhd, which each has a cash pile of over RM1bil, have indicated strong intentions to progressively expand plantation hectarage.

Major planters like Kulim (M) Bhd, Hap Seng Plantations Bhd, IJM Plantations Bhd, Asiatic Development Bhd and Ta Ann Holdings Bhd are also in the midst of acquiring more land bank.

 

[sazlee]

If I were you, I sell it off.. keep cash..

Hi All,

Anyone know about IOICORP (1961) stock?

The highest price is 8.50. Today price is 3.16.

Is it a good shock?

[rkumar]

IOI is a good share to buy. The last time it dropped to 2.80 I bought 10 lots and sold at 3.24. When it dropped to 2.90, I bought 10 lots again and sold off at 3.16. My advise based on the pattern, IOI is cash rich and is not going to drop down below 2.80 - 2.90 again.I always park at 2.98 daily. KLCi can have a bad day, but there is persistent share buy back to prop up the share. Wait and you will be rewarded.

If I were you, I sell it off.. keep cash..

[mohaz]

yep..agreed...it along term investment..if u in lucky,can make fast money..

[rememberyou]

YOURS ARE GREAT . THANKS 

[[v]]

seems like maybank and ioicorp is maintaining at around RM5.00 and RM3.00 respectively for past few weeks

[new_shaun]

Seem like this few days market is going up....but don't know how long will last.....Very Risky.... Anyway, don't worry so much. Just reminding you "if there is a chance for profit just make it even is low or average". that my teory to you. Remember another thing "Cash is King".

So when you wanna decide of Selling thing of this two Teory


HAve a great day Trading.

[ringgityen]

IOI is a good share to buy. The last time it dropped to 2.80 I bought 10 lots and sold at 3.24. When it dropped to 2.90, I bought 10 lots again and sold off at 3.16. My advise based on the pattern, IOI is cash rich and is not going to drop down below 2.80 - 2.90 again.I always park at 2.98 daily. KLCi can have a bad day, but there is persistent share buy back to prop up the share. Wait and you will be rewarded.

rkumar
i think parkson also another good trading buy ctr.whats ur view? thanks

[rememberyou]

Thanks ~

Notice of Shares Buy Back by a Company pursuant to Form 28A
9 Dec 2008, 17:01

[rememberyou]

why ioi can't rise up to 3.2++ ? 

[ahbah]

leno  .. the king of anus labs, now MIA, missing in action !

[rememberyou]

IOICORP 3.180 . i have 5.2 lot. sell all better or half   

thanks...

[ahbah]

DR KIM .. k.o.ed by Yuce Lee !

[ringgityen]

leno  .. the king of anus labs, now MIA, missing in action !

maybe too busy proposing dividend for us (analabs)..i hope so.

[rememberyou]

ahbah~ whats your idea ya? 

[ahbah]

No idea, try to compare ioicorp with nsop and check which one is better.

Yahorng .. strong sell now !

[rememberyou]

Just sell ioicorp 2 lot with 3.180 . 

[rememberyou]

yeah ~ ioicorp up to 3.2++ 

[rememberyou]

OILCORP can buy

[rememberyou]

IOICORP 3.220 now!! sell or keep ??

[ahbah]

leno .. the king of anus labs now missing in action,

DR KIM .... also missing in action, oredi k.o.ed by Yuce Lee !

[new_shaun]

let's see wat happen tomorrow! 2 Days of Joy

[rememberyou]

(>.".<) ...... I think IOICORP will rise tomorrow
( (oo) )

[new_shaun]

How really sure r u???

[rememberyou]

the pig dream only~~ haha

[new_shaun]

Hopefully this pig very ken one....His Dream Come True!!!! 

[rememberyou]

She is a super pig. haha... 

[new_shaun]

anyway what ur plan?? u plan to sell or leave it?? care to share?

[rememberyou]

thanks for asking~thats my pleasure to share!Actually   i am a new investor ..
i bought IOICORP 1.2lot since 4.900.

its fall down to 3.170 and i buy more 4lot. totally i have 5.2lot

todays i sell 2 lot at 3.180 ~   

i think i will keep it~ tomorrow~you idea leh ? haizz

[bourse]

leno .. the king of anus labs now missing in action,

DR KIM .... also missing in action, oredi k.o.ed by Yuce Lee !

since went they are missing?
hope they are not the victim in the recent landslide....

They might just take a few days vacation since the market so slow motion. ZZZZzzzzzzz 

[rememberyou]

aiya . she is going >.<

[rememberyou]

Forbes had chosen IOI Corp (1961) as the only Malaysia company in the list of Asia Fabulous 50 Companies. Based on the report, even tough the palm oil prices fell off recently, the reason of IOI is still on their list for the third straight year is mainly due to the reason that IOI is one of the most efficient producers, with yield per hectare about 50% higher than its rivals in Malaysia and Indonesia.
IOI is run by Lee Shin Cheng and is went for slow and steady growth. Another plus point is that IOI did not plow through rain forests and burn down peat bogs to plant more palm trees the way some of its competitors have in recent years. Well, as we know environment issue is a critical things in Europe and US. IOI is pushing for a certification of environmental sustainability that should help its sales in Europe at the expense of less conscientious competitors.

Besides, fro m this, IOI also has invested in production and distillation to help cushion the wild swings in oil prices. And as long as the world needs cooking oil, soap and the other fats and
fuels that can be extracted from palm trees, lower prices will increase demand.

Based on this report, IOI Corp is still the most efficient oil palm plantation companies with the yield of 50 percent higher than the competitor.

[rased88]

aiya sold oledi ioi-cj

[rememberyou]

(>.".<)''''''""IOICORP fall........
( (oo) )

[ahbah]

leno .. the king of anus labs now missing in action,

DR KIM .... also missing in action, oredi k.o.ed by Yuce Lee !