Its already 4AM, but i still cant sleep..my mind full of many things..i need some vacation to release it..maybe i feel lonely..HAHAHA...However i ve to wake up by 7:30AM then i ll continue to sleep again..
BEFORE THE BELL -It is critical that the benchmark index (FBM KLCI) surpasses the 1,308 level, as it will reflect confidence in the market and economy. Analysts said the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index may breach the year's high of 1,308 level.-BT
STOCK TO WATCH:-
RHBCAP
CIMB
KUB
SCOMI
BIMB
I really bullish of banking stocks at this time banking stocks are likely to continue to rise, backed by the recent interest rate increase which will translate into higher interest margins for banks..
Dare to play contra?...
It is almost 5AM..oh god i need to sleep...
1100AM: bursa is up 12.40pt to 1312.18....its above 1300 as i guess...Bull is around the corner and its time to SELL..stocks in my portfolio is running high except AIRASIA..
MAS 2.20
MAXIS 5.450
AIRASIA 1.390 (-0.40)
Sell or Buy ?....
This is why i like Najib administration...1Malaysia...hahaha
9:11PM: KLCI closed up 24.44pt to 1342.22pt...Huh wat record in 2 years.
MAS rights issue oversubscribed by 7.67%
MALAYSIAN AIRLINE SYSTEM BHD
(MAS) rights issue of 1.67 billion rights shares at RM1.60 each was oversubscribed by 7.67%.
The national carrier said on Monday, March 8 total valid acceptances and excess applications received were 1.799 billion rights shares amounting to RM2.878 billion at the close of acceptances last Wednesday.
The rights shares were issued on a one-for-one basis under MAS's plans mainly to fund acquisition of wide-body aircraft, working capital (including pre-delivery payments for new aircraft ordered), and repayment of bank borrowings.
MAS swung to the black in its fourth quarter ended Dec 31, 2009 registering a core net profit of RM28 million - excluding unrealised derivative gains of RM582 million. Its 4Q profit reduced full year net loss down to RM673 million - outperforming AmResearch's and consensus estimated FY09 net losses of RM950 million and RM800 million respectively.MAS share price closed two sen higher at RM2.19 on Monday
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