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Richard188^2012 Stock Investment & Contra Earn Rm 24,128.61
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« on: August 04, 2009, 10:37:40 PM » |
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Malaysian stocks, trading near a one- year high, face the risk of an “Edwardian Summer” that may end with a “crash” as shares are overvalued amid shrinking earnings, according to OSK Research Sdn Bhd.
“As with any Edwardian Summer, the longer it lasts, the more out of touch it gets with its fundamentals, and the greater the crash at the end,” OSK said in a report today. “The market is definitely overvalued.”
Investors should sell “into strength” and buy selected shares such as property developer Malaysian Resources Corp and Top Glove Corp, the world’s largest rubber glove maker, OSK said. It removed Public Bank Bhd from its top five picks.
Top Glove, the world’s biggest rubber-glove maker, gained 4.8 per cent to RM7.23 at midday, set for the largest increase since July 7.
The benchmark FTSE Bursa Malaysia KLCI Index rose 9.3 per cent last month, the steepest increase since April. The measure has risen 34 per cent this year, as the government’ stimulus plans and a RM10 billion fund set up to invest in publicly traded companies helped buoy the market.
Prime Minister Datuk Seri Najib Tun Razak, who took office on April 3, has announced stimulus plans valued at RM67 billion to revive economic growth.
OSK likened the market’s outlook to the “Edwardian Summer” in the UK during the reign of King Edward VII from 1901 to 1910. The Edwardian era was regarded as a romantic golden age of long summer afternoons, garden parties and big hats immediately prior to the First World War.
The stock index is trading above 17 times 2009 earnings, higher than the average of 15 times since 2000, OSK said. Companies in the index were trading at 15.5 times in 2006 and 2007 when earnings growth was averaging 30 per cent growth, it said.
With earnings set to shrink in 2009 and grow at only 12 per cent in 2010, the current price to earnings multiple is “excessive,” it said. -- Bloomberg
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Malaysia's Biggest Investment Forum
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« on: August 04, 2009, 10:37:40 PM » |
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user1
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« Reply #1 on: August 05, 2009, 12:20:50 PM » |
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Najib's Funds will support the current trend but stock price will become bubblish...
1Malaysia, together we unite to jack up the bubble...
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grahamsmun
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« Reply #2 on: August 05, 2009, 02:21:32 PM » |
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What are the indicators of stocks being over value ?
How to we benchmark stock valuation with other assets ?
How to we benchmark stock price with other stocks ?
A question investors need to ask in order to decide state of stock market !
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frank
Junior Member
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Posts: 3
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« Reply #3 on: August 05, 2009, 02:24:05 PM » |
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Well being one of the worst performers in SE Asia, we are over valued!
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vunkhaiyan
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« Reply #4 on: August 05, 2009, 05:00:03 PM » |
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BE patient everyone......just wait and see.......i rather maintain stabilize figure than roller cosater......
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noname88
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« Reply #6 on: August 05, 2009, 05:05:11 PM » |
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Now remember you're a naughty boy, seeking attention is your trait Don't keep on repeating what you've said Keep repeating the same statement is a nenek's trait, ok....  |
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Moolah and Poonani...
The main ingredient to complete a man....
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maximent
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« Reply #7 on: August 05, 2009, 05:08:11 PM » |
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again some bullish but some bearish..better like me..don care much else what can we do?  |
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For i spot the price i spot the profits
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Ethan
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« Reply #8 on: August 05, 2009, 05:19:14 PM » |
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Malaysia Stock Overvalued is only subject to index stock and bluechip only, value still plenty at 2nd 3rd liner.
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user1
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« Reply #9 on: August 05, 2009, 05:22:05 PM » |
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What are the indicators of stocks being over value ?
How to we benchmark stock valuation with other assets ?
How to we benchmark stock price with other stocks ?
A question investors need to ask in order to decide state of stock market !
Fund manager standard: PE of 15 during recession. You can look up in google or talk to fund managers. I know one ex-fund manager and also heard the same thing over CNBC. Don't know who set the standard but all fund managers follow this stupid rule. |
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maximent
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« Reply #10 on: August 05, 2009, 05:33:54 PM » |
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For i spot the price i spot the profits
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rite_brain
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« Reply #11 on: August 05, 2009, 05:54:16 PM » |
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typical market analysts saying:
"in the long term we are bullish, but watch out for corrections!"
how many time we heard above? lost count already
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It's an emotional warfare with....yourself
Nobody go bust by taking profit.
Strive to get rich slowly.
Let's make (more) money together!
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user1
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« Reply #12 on: August 05, 2009, 07:00:45 PM » |
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Yes, that's true. With 1Malaysia fund going to the 30 blue chips soon, MBB, AMMB, SIME will sure go up. But after that... |
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bmwlover
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« Reply #13 on: August 05, 2009, 10:29:52 PM » |
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Malaysian stocks, trading near a one- year high, face the risk of an “Edwardian Summer” that may end with a “crash” as shares are overvalued amid shrinking earnings, according to OSK Research Sdn Bhd.
“As with any Edwardian Summer, the longer it lasts, the more out of touch it gets with its fundamentals, and the greater the crash at the end,” OSK said in a report today. “The market is definitely overvalued.”
Investors should sell “into strength” and buy selected shares such as property developer Malaysian Resources Corp and Top Glove Corp, the world’s largest rubber glove maker, OSK said. It removed Public Bank Bhd from its top five picks.
Top Glove, the world’s biggest rubber-glove maker, gained 4.8 per cent to RM7.23 at midday, set for the largest increase since July 7.
The benchmark FTSE Bursa Malaysia KLCI Index rose 9.3 per cent last month, the steepest increase since April. The measure has risen 34 per cent this year, as the government’ stimulus plans and a RM10 billion fund set up to invest in publicly traded companies helped buoy the market.
Prime Minister Datuk Seri Najib Tun Razak, who took office on April 3, has announced stimulus plans valued at RM67 billion to revive economic growth.
OSK likened the market’s outlook to the “Edwardian Summer” in the UK during the reign of King Edward VII from 1901 to 1910. The Edwardian era was regarded as a romantic golden age of long summer afternoons, garden parties and big hats immediately prior to the First World War.
The stock index is trading above 17 times 2009 earnings, higher than the average of 15 times since 2000, OSK said. Companies in the index were trading at 15.5 times in 2006 and 2007 when earnings growth was averaging 30 per cent growth, it said.
With earnings set to shrink in 2009 and grow at only 12 per cent in 2010, the current price to earnings multiple is “excessive,” it said. -- Bloomberg
If they are so good.......... Their company will be very very big liao.................. Bigger than Bershire.....(Buffet company) |
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stanleykee5
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« Reply #14 on: August 05, 2009, 10:32:01 PM » |
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wait for market adjust.. after August market may drop .. cause finish financial report ... announce to market.
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new_shaun
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« Reply #15 on: August 05, 2009, 10:34:13 PM » |
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Stanley what will u be expecting for Maybank Financial Report Annoucement?
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bmwlover
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« Reply #16 on: August 05, 2009, 10:35:58 PM » |
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Stanley what will u be expecting for Maybank Financial Report Annoucement?
I guess profit down......... Because they always get the lapsap bank.......... When temasek dont want...........the share..........dont buy........... Maybank go buy...........stuck.......... |
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stanleykee5
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« Reply #17 on: August 05, 2009, 10:44:07 PM » |
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Stanley what will u be expecting for Maybank Financial Report Annoucement?
As I remember .. The lose of buying Indonesia and Pakistan bank havent include in this year financial report yet, so maybe in this 2Q will include..cause now is good time to report lose (market hot easy cover when share price drop). I predict maybank still announce a dividend .. but dividend get may not cover the share price lose....  |
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new_shaun
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« Reply #18 on: August 05, 2009, 10:45:13 PM » |
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how about the right issue to cover the lost?
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stanleykee5
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« Reply #19 on: August 05, 2009, 10:47:44 PM » |
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how about the right issue to cover the lost?
No idea, cause EPF always support this share.. even lose money. Hehehe! |
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new_shaun
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« Reply #20 on: August 05, 2009, 10:49:52 PM » |
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hayo like that I sleep in Peace no need to worry  |
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bmwlover
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« Reply #21 on: August 05, 2009, 10:50:50 PM » |
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No idea, cause EPF always support this share.. even lose money. Hehehe!
One day all of us no EPF to withdrawn.......... |
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Quisss Sing de Cat
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« Reply #23 on: August 05, 2009, 10:53:34 PM » |
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One day all of us no EPF to withdrawn..........
then sell off your bmw lor ...  |
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bmwlover
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« Reply #24 on: August 05, 2009, 10:54:47 PM » |
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then sell off your bmw lor ... Like that very jia luck liao........ |
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« Reply #24 on: August 05, 2009, 10:54:47 PM » |
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stanleykee5
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« Reply #25 on: August 05, 2009, 10:56:06 PM » |
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One day all of us no EPF to withdrawn..........
Hehe! . Many hole they created already ...so i think few more years they will change rules .. again. Like last time Account 2 combine with Account 3. Our total asset of EPF is Billion Billion .. so change rules to limit the withdraw from account from 20% 10% x billion billion RM... hehe they can cover the hole again .. so ..at last everyone need to wait till 80 Years old only can withdraw .. but that time most people died alr.. hahahahaha |
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stanleykee5
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« Reply #26 on: August 05, 2009, 10:56:55 PM » |
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anyone want to predict when the bubble will burst....I mean small burst ........  3rd week of August |
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stanleykee5
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« Reply #27 on: August 05, 2009, 10:57:28 PM » |
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bmwlover
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« Reply #28 on: August 05, 2009, 11:03:58 PM » |
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Hehe! . Many hole they created already ...so i think few more years they will change rules .. again. Like last time Account 2 combine with Account 3. Our total asset of EPF is Billion Billion .. so change rules to limit the withdraw from account from 20% 10% x billion billion RM... hehe they can cover the hole again .. so ..at last everyone need to wait till 80 Years old only can withdraw .. but that time most people died alr.. hahahahaha
This is what Singapore CPF done............... Reason..........for you........... Because the age for our population going up.........ex..age 70 to 75................. Actually they want they money to invest............get back from their losssssss......... |
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stanleykee5
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« Reply #29 on: August 05, 2009, 11:14:50 PM » |
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really ah .. so pity if u have 500k in EPF and only can used when 75 .. hahaha can imagine Use for buy medicine ah ?? |
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bmwlover
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« Reply #30 on: August 05, 2009, 11:15:39 PM » |
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really ah .. so pity if u have 500k in EPF and only can used when 75 .. hahaha can imagine Use for buy medicine ah ?? Use for buy Diapers.....Bao Da REn............ |
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stanleykee5
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« Reply #31 on: August 05, 2009, 11:16:16 PM » |
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Use for buy Diapers.....Bao Da REn............
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