Thinking to buy TAS or SCOMIMR, but finally chosen SCOMIMR. Unclepicks now owns 20,000 SCOMIMR.
A short note on MUHIBAH,
MUHIBAH quarter report was bad, reporting a loss of (2.36 sen), mainly due to cost overrun from its YEMEN LNG PROJECT. Reason given was that the project has to extend time, due to tough weather conditions. However, it's other divisions, especially crane (FAVCO), and shipyard are doing above expectation $$. Also, the Yemen project is at final completion stage. The loss should be contained in FY2009, according to report. As the risks of MUHIBAH has increased, unclepicks will not collect more, but hold on with the existing holding.
At time of blogging, US future up ~53 pts, Europe markets up 1-2%. Dubai dust clearing?
unker, 34% somimr profit is result from associates. normally this kind of stock price will be discounted at least 30% from normal, just like bkawan.
ReplyDeletehi,
ReplyDeleteso what's the future prospect of this counter?
seems that the price keep on falling recently and all technical signals including MaCD and stochastic are negative.
they will distribute their dividend soon right?
btw, i hold quite a number of this counter's share at price of .465 after being recommended here.. :)