Aiya ya should buy MAS-OR, this is called " Ma Hou Pao".
Cos if buy yesterday at 0.09 cents, then can convert using RM 1.60. Cost only RM 1.69 ++
Today sure mas will flyyyyyyyyyyy
Written by Joseph Chin
Tuesday, 23 February 2010 06:55
KUALA LUMPUR: After a strong performance on Monday, Feb 22, investors could take profit on Tuesday following the lack of direction from the US where stocks finished flat on as investors held back before congressional testimony by Fed Chairman Ben Bernanke.
However, recent strong earnings on the local corporate scene and a recovery in the economy could help underpin sentiment.
Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz has said Malaysia is on a path to recovery and any increase in interest rates should be viewed as “normalisation” and not “tightening”.
On Wall Street, the Dow Jones industrial average dropped 18.97 points, or 0.18 percent, to end at 10,383.38. The Standard & Poor's 500 Index shed 1.16 points, or 0.10 percent, to 1,108.01. The Nasdaq Composite Index fell 1.84 points, or 0.08 percent, to 2,242.03.
Stocks to watch on Tuesday include ASTRO ALL ASIA NETWORKS PLC [], MALAYSIAN AIRLINE SYSTEM BHD [] (MAS), TELEKOM MALAYSIA BHD [] (TM) and MALAYSIAN BULK CARRIERS BHD [] (Maybulk).
Tycoon T Ananda Krishnan's Astro All Asia Networks plc has been awarded US$230 million (RM786.6 million) by arbitrators in Singapore in its protracted dispute with businessman James Riady's Lippo Group over a pay-TV partnership in Indonesia that turned sour over 18 months ago.
MAS returned to profitability for its fourth quarter ended Dec 31, 2009 posting a net profit of RM610 million.
TM posted a net profit of RM170.25 million in the fourth quarter ended Dec 31, 2009 (4Q09) compared with RM164.81 million a year ago, despite lower revenue.
For the current quarter, group revenue fell 9% to RM2.27 billion from RM2.49 billion a year ago, mainly due to lower revenue from the special project, MERS 999 (the unified emergency contact number system for the Malaysian Emergency Rescue Services). Earnings per share were 4.80 sen.
TM proposed a final gross dividend of 13 sen per share.
Despite almost a halving of charter rates for vessels, Maybulk saw a significant jump in profits for the fourth quarter ended Dec 31, 2009 (4Q09), thanks to improvement in the group's quoted investments and higher contributions from associate companies.