oopps..q4 result not q3..eps increasing..woohoo

poh kong q3 results is very assuring..nav increase to 0.95.

first with mas..fail..then malindo...why..wht are they afraid

the fallen will rise again?

yes it has fallen..the fallen

you shud KC Loh..i onli tembak ajer as everyone was posting their TP...but without your rationale for scomi earlier..i would be none the wiser...so thank you.

merger is a possibility with Scomi..exciting stuff

crazy man...

my TP 60 sens

close 1.00...will it fall further?

this is it..the big announcement ..

oh come on..give us small timer a break..

hehe..dun make promises u can't keep..

consolidating..but sharp drop.

bullbear...by end of this year u think will go below 2.50?

see...high fuel jet..ouch!

haa..i dunno how they manage their inventory and buy gold in bulk from the miners...they must have a good system to be able to determine at what cost and when gold jewellery that was made when gold price was only us$700-800 and sell them to retail at current gold price of us$1600-1700. Maybe they stockpile gold and made to order...but i think most probabaly yr wife is a good negotiator when it comes to buying gold too get huge discount.

trust the auditor

putrajaya holdings...damn rich..no need to list to raise funds.

wow..wht is tomei mgt thinking paying dividend when cash flow is negative...it is unethical.

For sharing..Poh Kong is number 1 in Malaysia..good "economic moat"
PETALING JAYA: Industry executives say the stimulus measures brought on by the US Federal Reserve and European Central Bank (ECB) have yet to be fully priced into gold, despite the profit-taking that immediately followed the commodity's rally on Friday when it rose to its highest in seven months.

“Gold is not overbought at all. We think it still has room to appreciate,” said Oversea-Chinese Banking Corp Ltd analyst Barnabas Gan, who has an end-2012 target of US$1,800 to US$1,850 for bullion.

“The US dollar was prior to this our safe haven pick but with the rollout of QE3 (quantitative easing) last week we have shifted our focus to gold as the preferred store of value,” he told StarBiz.

Bullion peaked at US$1,777.51 on Friday, a day after the Federal Reserve announced its third round of quantitative easing.

Both the US central bank and ECB had since early September introduced plans for open-ended pump priming activities to rouse their economies, with the former committing to buy some US$40bil worth of mortgage-backed securities each month until its labour market improved, and the ECB saying it would purchase, without quantitative limits, sovereign bonds on the open market.

Although gold investors cashed in their gains over the past two days, spot gold yesterday briefly overtook its Friday high, climbing to US$1,779.39 per ounce. As at press time, it was up US$3 to US$1,774.25.

“Everytime there is a surge, it is followed by profit-taking. This is called a correction. But the trend we see is that prices are on an uptrend,” Poh Kong Holdings Bhd executive director Ermin Seow said at a briefing.

“Overall, the environment for gold is still quite bullish. Now that QE3 is out, many analysts believe gold can reach US$1,900, if not US$2000, by the end of the year,” Seow said, adding that Poh Kong's own forecast was a more conservative US$1,800 for this year and US$2,000 next year.

OSK Research technical analyst Mohammad Ashraf Abu Bakar also believes the underlying price trend for gold pointed upwards, though some selling was to be expected.

“The current resistance is pegged at US$1,800, the next level being US$1,900. The rally could continue for the next one month.

“The selling pressure, if you look at it, has actually not been able to keep prices down,” he said.

Factors such as ultra-low interest rates in the developed countries and sustained money printing by central banks have resulted in negative real returns for savers, spurring investors to turn to gold as a hedge against inflation.

However, OCBC's Gan noted that a caveat to this was more bad news from the eurozone, which would prompt a flight to safety to the dollar.

Meanwhile, Poh Kong's Seow said the combined sales of the country's three listed gold retailers, namely Poh Kong, Tomei Consolidated Bhd and DeGem Bhd, would likely moderate this year to the mid-teens from last year's 32% growth on the back of a high base.

An estimated 20 tonnes of gold were sold in Malaysia in 2011 worth some RM4bil, with the three players seizing RM1.5bil of the market.

Poh Kong had the largest share at 52% versus Tomei's 33% and DeGem's 15%, Seow explained.

On the outlook for Poh Kong's sales, Seow said its turnover for the first three quarters this year alone have surpassed last year's total sales.

“On an annualised basis, our full year revenue should be 20% to 25% higher than last year, Seow said, attributing this to its new outlets, growth in same store sales as well as higher gold prices.

Poh Kong is due to report its financial results for the fourth quarter ended July 31 next week.

The company may also set up shop in neighbouring countries when the Asean Economic Community comes into fruition in 2015, which would enable the duty-free flow of products within Asean, Seow added.

“At the moment we are almost 100% domestic and export very little of our gold. We are more retail-based and do not cater for export markets.

“We could tag along with our retail partners into Indonesia and Vietnam when they venture there.”

well done perisai..the mgt knows how to do business

well done poh kong...you go and start expanding..

yes...it is kertih and also office complex in sabah and sarawak is in progress..used to be managed by petronas internal facility but the buildings are expected to be transferred/ injected/managed by subsidiary klccprop. preparing for reit potentially.

Namoyaki

Latest.
KLCC property will take over the management of office properties in East Coast by end of this quarter or end of this month. More revenue from rental will go to them. Do not know how much the rental fee will be but it will cover two large office building complexes housing approx 700 staffs in Kertih. Petronas is currently the major tenant. This will boost up their revenue.

strong support at 0.88..now up by 3 sens already

yaaay

i got a friend working there doing projects..boleh korek sikit info.

i got a friend working there doing projects..boleh korek sikit info.

thank god so far..i have been consistently increasing my portfolio value steadily now giving me better returns of double digit of realised gains. I thank god for this n grateful for the kind folks in i3 for sharinh their knowledge,tips and advise. Thank u i3 community..you guys rock!

i am learning n has been trading almost 1 year...my new strategy m adopting now is to focus on shares that trades at a discount from nav,must be profitable and trading up to rm1.00 limit. So far i use all info i can gather in i3 and talking to experts to make a call to buy or sell. I am fortunate so far that the only money losi made this year so far was dabbling into drbhicom warrant which i jump in blindly due to greed n thought i can make a quick buck. Becoz of tht expensive lesson, i dun dabble in warrant anymore prefering mother shares only.

maybe they sell..coz the bought some lots at a lower price and wanting to locked in some profits..i did that three times with scomi..it was profitable man. Anyway..now oc is buying again...this counter has more upside than downside at the moment baring any unforeseen event..

Mr Market is like that...refer to Warren Buffet..he said Mr Market is there to serve you, we cannot control Mr Market. what type of investor are you? long term or short term...he said better be a long term investor than a short term investor. i still haven't decided which camp i want to be in...at the moment i buy only profit making company with share price range between 0.01 to 1.00 and the share price must be below their latest NAV value. so far i have been consistent with this approach.

ok..good management..lots of projects..give dividend.

ok ..thanks for the tip.

bro ongtkong...shhhhhhh

yaayy..got my dividend credited into my account already..edividend rocks!

Bro ammar..we all jeles with Tan Sri Bla Bla. that is why we condemn..biasaler...dengki dengan budak pandai dalam class.

guys..nav is negative based on last report...you are so brave to dive in like this...i salute you.

i would listen to osk...they are spot on about pchem shares trending lower

my source said plant shutdown due to maintainence activity will affect 3 Petchem plants in east coast next year...definitely next year revenue will be impacted for sure...this year they are 4 petchem plants are shutdown for a period of 30 days due to maintainence activity...price of pchem now is expected to be trending lower.

gas malaysia is a buy too

cheap gas price is going to be over soon. bro raymond...gas price is going to go up ..that is why petronas gas have RGT terminal being built to convert imported liquified gas into natural gas..once they have finished building the 2nd and 3rd RGT terminal in Johor and Sabah..price of gas in malaysia will more or less reflect the market rate comparable to what other South East Asia countries are paying...part of the deal with the government so that petronas gas can increase their gas price. Petronas gas is a buy

wow..air asia is really concern about the limited traffic management capability of DCA..what a good corporate citizen.blaming their flight delays on dca limited funding

betul...jual kereta sekali beli saham felda

how far can it go lower...so scary man we do not want to catch a falling knife

waaa..mas steady..air asia jatuh

wow..if it drops below RM4...a real bargain

cost of production US$35 per barrel = US$21 million. Profit > 100%

Assuming they get US$90 per barrel = US$54million