If the market drop so fast, then how are those big players trap or ambush small investors. kikiki

Common sense. Follow the nature law of up and down cycle..kikiki

No time to run when the black swan popped up suddenly. Be ready to hunt black swan after it has landed on earth. Kikiki

Leno is panlai in predicting the market trend based on her past experience.

first appetizer served and follow by few more before really tasting the main course. Kikiki

new bird made me laugh too. Wakaka

Reading Buffet story seems like reading motivation book. It is difficult for him buy huge volume during bull run at fair prices. I learned a lesson in year 2008 as I followed him to buy shares at the time during initial stage of bear market. Unfortunately, the share price went down further 30% after 6 months. It's obviously an entire different ball game between Buffet and us. I would rather stand sideline for another 6 months at least before joiningpthe arty again. Kikiki.

I want to collect TSH at much cheaper price. Kikiki

Forget Buffet fundamental rule No 1 & No 2.

It's naive to believe the theory of if I and you don't sell, the price would be stablished. Big boys are able to create multiple accounts selling and buying from each other to press down the prices and further force margin players to get rid of the shares. Kikiki.

It's the big players who are manipulating the market. They know well theory of herd mentality. Forget about fighting with them. We tompang their car to make money through identifying big trend. Kikiki

Malaysia is a oil and gas export country. You can imagine how good the economy would be when the price of crude oil and CPO hitting low. Some more, household debt against GDP reported 86,8% information end of year 2013.

KLSE remains one of the highest valuation in the region. Be prepared for the blue chip to crash soon.

I did not know uncle is so active in trading shares.

Nice to see that you can grab this counter at cheap price.

I want to see how long can our top 10 blue chips stand after announcing lackluster quarterly results. Wakaka

The politicians may have different agenda behind in manipulating the market. It's possible they would let the market collapse through increasing interest rate in year 2015. Being a Hero by introducing huge QE4 to bring back the bull and prepare for the presidential election in year 2016.

Don't forget this is the first time 8 out of 10 reported lower profit in the past 4years. BCCA.

8 out of top 10 biggest capitalization companies of KLSE have reported a lower profit in 2nd quarter. If this trend persist, mega sales is coming soon.

The imminent impact would probably start from PBB quarterly announcement. If the earnings fall, it may trigger re-rating of whole finance sector. Our oil and gas giant, Petgas, would announce lower profit due due soften LNG price. The bottom line of Pchem and Petdag will be effected too. These companies may create a domino effect in our market. Don't forget plantation companies is expected to post lower profit or even loss.

The main problem is earnings deteriorating of many big capitalization companies. Fundamentally and technically have shifted to negative side.

The risk is much higher than returns now. It's not worth to fight for it. Time to make use of the experience...winter is approaching and time to go hibernating.

Keep cool and watching the first round bear show. Play with kids , do house work, go for movie, tour ......

human so easy to admit incorrect decision meh. Hope for technical rebound and positive words clouded our mind. Temporary setback, time to be greedy, time to average down, long term investment. Hope....that's why gaming companies keep making money. Kikiiki.

Trend is our friend. Mega sales campaigns is on the way for the next few months. I see huge opportunity to double our investment.

Market rebound is the time to escape from trapping into crocodile swamp. Mr. Market likes to trap those intelligent investors who are trying to outsmart others by taking advantage of technical rebound. kikiki.

No indication reversal will be back soon. Take a break and stay sideline is the best.

Uncle doesn't support anymore. It's still far away target 1.76.

It's worthwhile to put more effort in collecting earnings trend of FTSE companies to time the market.

Today was even traded at much cheaper price with few lots only.

leno. We may have to face the downtrend soon but many investors may only be convinced after reading the financial results of the company. Big companies will announce its 3rd quarter results by Nov. Let's watch the show during KLSE's top 10 capitalization blue chips make the announcement. kikiki

Managed to grab some at cheap price in past 2 days. Big players are fabricating chart now. Wakaka

Lay Hong has announced a profit up of 7-fold comparing with comparing with the corresponding quarter of preceeding year. The increase in bottom line was due to higher selling price of eggs and favorable raw material price of corn & soybean. LTKM is expected to announce good results next month.

This is the second time VT trapped short term players through announcing lacklustre quarterly results this year. He is good at playing emotional game. I prefer to sit tight watching the show. Kikiki

Simon_nick. Agreed with you. I dare not to buy LTKM when I saw the price had been rising high in the past few months. I did convince myself through buying a small quantity first. My still accumulating.

This is a low liquidity counter. It is not easy to accumulate more at cheap price. I used to own Teo Seng at the price 80 cents during the period of low PER but I sold 1.15 when its volume hit sky high. Now, the price stays at 2.30. what a joke!

Main raw material consumed in the poultry industry is corn and soybean. I would expect LTKM to post higher profit as the corn and soybean prices dropped between 20% to 30% in the past 3 months.

It remains the counter traded at dirt cheap price in poultry industry.

My friend told me to buy any counter below 5.00 during super bull run. It is still fresh in my mind. What a joke! Wakaka

Intangible Assets consists of Gaming rights, Goodwill, Computer software & patent rights.

Carrying value as at 30 Apr 2013:
- Gaming Rights 4,653,000,000
- Goodwill 809,343,000
- Computer software 1,619,000


BJCorp acquired additional shares of Btoto in order to turn the later become a subsidiary in year 2008. By recognizing revaluation surplus arising from the purchase price allocation relating to the block of equity interest prior to BToto becoming a subsidiary company of the Group, Gaming Rights 4.85 billion was taken in as Intangible Assets. If i am not mistaken, revaluation surplus comprises additional Fair Value reserve 1.17 billion and Minority Interest 3.37 billion.


Notes on GAMING RIGHTS extract from Annual Report 2008

10. SUBSIDIARY COMPANIES
(vi) On 4 February 2008, BLand increased its interest in BToto to 48.96% due to BToto’s share buy back exercise and the purchase of 1,000,020, BToto shares by Gateway Benefit Sdn Bhd, a subsidiary company of BLand. Together with the equity interest in BToto which are held by other subsidiary companies of the Group, the total equity interest held by the Group exceeded 50% and as such, BToto is regarded as a subsidiary company of BLand as well as the Group.

BLand had undertaken a purchase price allocation exercise that resulted in the identification and measurement of gaming rights which is provisionally estimated to be at RM4.85 billion included as intangible assets on the balance sheet (Note 12).

The increase in equity interests resulted in the recognition of a fair value reserve of RM1.17 billion which was recognised directly in equity (as disclosed in the Consolidated Statement of Changes in Equity and Note 22(b)), representing the revaluation surplus arising from the above purchase price allocation relating to the block of equity interest prior to BToto becoming a subsidiary company of the Group;

22. RESERVES (CONT’D)
(b) The fair value reserve arose from the increase in equity interests of the Group in BToto as disclosed in Note 10(a)(xi) whereby BToto became a subsidiary company, which resulted in the identification and recognition of gaming rights which was included
in intangible assets on the consolidated balance sheet (Note 12).

Notes on GAMING RIGHTS extract from Annual Report 2013
(ii) Gaming Rights
The costs of gaming rights (“Rights”) acquired in a business combination are their fair values at the date of acquisition. Following the initial recognition, the Rights are carried at cost less any accumulated impairment losses. The Rights comprise:

- a licence for Toto betting operations in Malaysia under Section 5 of the Pool Betting Act, 1967 (“Licence”) which is renewable annually;
- an equipment lease agreement, maintenance and repair services agreements of on-line lottery equipment with Philippine Charity Sweepstakes Office, Luzon Island, Philippines (“ELA”) expiring
in August 2015; and
- trademarks, trade dress, gaming design and processes and agency network.

The Licence has been renewed annually since 1985 while the ELA has been entered into and renewed/ extended since 1995.
The Rights with indefinite useful lives are not amortised but tested for impairment, annually or more frequently, when indications of impairment are identified. The useful lives of Rights are reviewed
annually to determine whether the indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite is made on a prospective basis.

LTKM is slowly climbing up a staircase. It moves upward step by step in a very conservative manner.

Good timing in consolidation to wipe out weak holders bought on Friday before resume heading north again.

I remain focus on its high NTA not PER. :)

Time to top up at cheap price. wakaka

What a wise decision by converting profit into capital gain to avoid being tax. This is the beauty of high NTA for BJcorp generating 'recurring income ' because it owns plenty of lands and profitable business units. It all depend on VT whether he wants BJcorp's price to fly to moon or fall into longkang. wakaka

BJcorp is able to generate cash from 'recurring income' simply through disposing its lands, listing of new assets and dilute certain portion of shares in its subsidiaries every year. wakaka

BJcorp is an NTA play counter. PER is not much relevant so long as it doesn't make huge loss. Wakaka

Treatment for the gain on placement of BJ auto shares was announced in May. The gain was credit directly to the Reserve la. That's why the Reserve increased to 1.233 billion from 1.006 billion preceding quarter.

"The Placement Shares were acquired in 2013 pursuant to the share swap of Bermaz Motor Sdn Bhd (“Bermaz”) shares held by BGroup in conjunction with the listing of BAuto. Bermaz has been in operation since 2008. Based on the carrying value of the Placement Shares as at 31 January 2014 of about RM42.0 million, the Placement is expected to realize a profit of RM188.0 million, which will be taken directly to the BCorporation Group reserves (in compliance with current accounting standards) as BAuto remains a subsidiary after the Placement "

Goreng game has just started. 20% gain is insufficient for syndicates. It won't end so fast. let's wait and see. wakaka.

Up and follow by Down and vice versa is a cycle in stock market. It is natural for BJCorp share price to go up since it had been suppressed for years . One major selling point is BJCorp owns a lot of under valued assets, a good reason for syndicates to goreng. PER is not suitable to apply in this counter. If you sit there and do nothing to watch the price goes up day by day, you would probably vomit blood. Wakaka