Truths Half Truths & Deceptions

Dystopian

Stocks Shares & Markets


MBSB Hitherto Whitherto?

As it turned out, all that noise on MBSB's (1171) merger with Asian Finance Bank (AFB) was a lot of hot air. That is when one consider the latter's bottom line. You can see how insignificant it is relative to MBSB's P&L or balance sheet.  So whoever told you that AFB is a good deal as it transforms MBSB into the largest islamic bank in the c...

BAT Oh Man

Yes ..... 30 bucks bang on target.  Will it go lower?  Yes pretty likely. Huge volumes today - 1.647m shares traded -which is big. As I write this, it is now calling 29.96-98. Lazard selling is bad enough. If other funds toss the butts out, yes it will get uglier. 29.90 now

Unisem's Tumble

Unisem (5005) has cratered about 30 percent since the peak this year. 37 percent if you take last August's peak. Unisem is the most sensitive within the semicond sector to a stronger Ringgit. According to CIMB, a 1 percent decline in USD will reduce its group earnings by 2.5%. Its share price therefore should move in near lock-step with the USD ...

Airport's Airpocket

I made a call on Airport (5014) early yesterday morning before the market open for trading. The stock opened down 2 sen or so and remained at those levels briefly before setting on its course downwards accelerating when Fund Mangers started to unload. I also asked those with positions in call warrants to quickly get to the bottom of what that r...

BAT Lazard's Value Trap Call

I have been a huge bear on BAT(4162) for a while now. It was trading slightly above RM60 levels when I first  called it. It was a call based on what I saw as simple economics of supply and demand. I used the experience in Singapore as the basis in arriving at that decision. So far the Malaysian market is moving more or less in the same direction...

LCTitan Preying On Judgement In Seoul

If this piece of news, which is, to be absolutely clear, lest you think it is fresh off the oven, almost a day old, still manages to take some quarters (investors) by surprise, resulting in some softness in price, I will treat the fall as an opportunity to set up a trade.   The jail term for its chairman has zilch effect on LCTitan (5284). It's...

Airport Hits A MAVCOM Air Pocket

If you are holding any of Aiport (5014) call warrants, you definitely want to read this note by CIMB. It has slashed its previous target price frlom RM10.56 to RM7.30. Why? The Operating Agreement, the cornerstone of all earnings forecasts for Airport is 'dead'. In its place are the two new frameworks - RAB and QOS. Read the file I have attached...

DRBHicom Cheap Or Fair Value

The answer to the above depends on whether one is looking at DRB as a short or long term investment.  Short term - no surprise - the headwinds are starting to rear its ugly head again and should dampen upside performance to the stock price. Dealers are complaining again. Despite the assurances and backing of the Government (2nd link in image ab...

Be Terrified

Courtesy of Joshua M Brown You are going to run into people who are so certain of what higher volatility means for the markets that it’s as if they are reciting their own name and phone number. Be terrified of their indefatigability about a topic like this. Imagine the sheer arrogance and borderline mental illness required for a person to assum...

Bonia's Carlo Rino Makes A Big LEAP

Earlier last week, Bonia Corporation announced a demerger and distribution of Carlo Rino shares with the intention of getting the latter listed on LEAP. When I first read the listing conditions for LEAP in Bursa's website, I was pretty sure that subsidiaries of PLCs will not qualify for LEAP listing. LEAP was meant as an avenue for SMEs and star...