Dubai in trouble??!!

　　中新網11月27日電 中東阿聯酋迪拜出現債務危機，迪拜政府宣布重組旗下的主權投資公司迪拜世界，並尋求延遲6個月償還債款。

　　據香港媒體報導，迪拜世界一旦無力還債，將成為自2001年阿根廷違約以來，全球最大主權基金違約事件。外界擔心可能觸發新一輪金融風暴。

　　迪拜財政部前日宣布透過發債，從阿布扎比政府持有的兩家銀行籌集50億美元，但負債590億美元的迪拜世界未有受惠，財政部要求其債權人允許“暫停”償還債務，至少延長到明年5月30日。

　　迪拜世界最大債權人是阿布扎比商業銀行和阿聯酋NBD PJSC，其它貸款人包括匯豐控股、巴克萊銀行、萊斯銀行、蘇格蘭皇家銀行和瑞信集團等。分析指匯控等銀行可能要為此撇帳。

　　暫停償債行動將立即影響到迪拜世界旗下房地產子公司棕櫚島集團(Nakheel)一筆35億美元下月到期的伊斯蘭債券。

　　迪拜的最高財政委員會主席發表聲明說，明白市場特別是債權人的關注，但迪拜政府必須採取果斷行動，處理迪拜世界的債務負擔，並強調幹預迪拜世界的行動經過深思熟慮。

　　迪拜世界總負債達到接近600億美元，面臨破產危機。外界擔心迪拜的違約風險急升，評級機構大幅調低迪拜政府的相關資產評級，部份更降至垃圾評級。

*****

Here comes again... My current working company just brought over by Abu Dhabi.. don't know will be affected or not... haha ^_^!

Looks like Monday will see another round of drop especially on those construction and propeties company who invest in Mid East like Wct...

WoW @V@..

Sealink 3rd Q results

***** KUALA LUMPUR: SEALINK INTERNATIONAL BHD saw net profit for its third quarter (3QFY09) decline by 48% year-on-year to RM10.4 million from RM20 million. Revenue fell to RM61.6 million from RM83.3 million for the same period. According to the notes accompanying the announcement, the lower net profit was due to the timing of the sale of offshore support vessels (OSV). On a cumulative basis, for 9MFY09, Sealink reported a net profit of RM41.8 million compared to RM50.2 million from the previous year’s corresponding period. Going forward, Sealink is cautiously optimistic about the OSV industry but admitted that the road to recovery may be longer than expected. “We believe that Petronas may announce the awards for OSV contracts in the near future. These awards would be timely for the group as it has several OSVs that will be delivered in the first half of 2010,” said Sealink. Also due next year are the group’s ship repair facilities that will contribute additional revenue. *****The Edge So Q results for Sealink not so good lol.. hold / sell?.. ppl always say market trader always behave like this: if price up they active trade stock, if price drop they invest for long term.. haha.. Another OnG dai ko... Q report, no wander drop so "heong" in this few days.. ***** KUALA LUMPUR: Tanjong Offshore Bhd posted a net loss of RM10.28 million in its third quarter (3Q) ended Sept 30, compared with a net profit of RM5.08 million a year earlier, due mainly to the loss at its UK unit Citech Energy Recovery Systems UK Ltd (CERS). The company said CERS registered a net loss of £2.70 million (RM15.1 million) in the quarter and had ongoing late delivery charges payments and escalation of costs in its manufacture of waste heat recovery packages. Revenue for the quarter fell 21.3% to RM154.88 million from RM196.91 million. Loss per share stood at 4.18 sen, compared with earnings of 2.49 sen previously. "Recently, the group reshuffled the top management positions at CERS so as to have more direct involvement in the day-to-day operational matters. Moving forward, we hope to turn around the losses at CERS and register new sales for the financial year ending 2010," it said in the statement. For the nine months to September, net profit plunged 86.6% to RM2.46 million from RM18.35 million in the corresponding period of FY08, while revenue jumped 38.3% to RM513.4 million from RM371.13 million. The company said that it remained "cautiously optimistic" on prospects of the oil and gas industry in the international market . It said despite the losses registered in 3Q "we remain confident that we are able to overcome short-term losses" as the company continuously enhanced its services to the oil majors in Malaysia and overseas market. ***** Well well well... OnG... long term game, short term pain.... ^V^!!

Buy Sealink at 0.68 (Avg down)

Enter Sealink with $0.68 today! Average price is now 0.73

Initial plan was to get 90 Lots but until market close, i only able to get 61 lots. sian! haha.. Let see how it will be.

Will keep Sealink for some time until the Q report out, then decide my next step.

Why 0.68? What i'm thinking is:

1) Of cause PE low.

2) Moving around tht price for almost 2 months.

3) Low volume, should be violate 人和 theory.. but it also give confident to me on reflecting the actual situation of the company share price. I will wait for up-coming 人和 by end of Nov ^V^!

4) Average down my price.

For this stock, this is the 1st time i do average, i make it at the share price after -10% drop from my initial buying price. Will i average it again? if another 5-8% i will do another average but will not be a big amount, because i need to keep money for other good counter.. haha

current cash vs share ratio is 30:70.

Capital is small, bo huat.. haha

Good nite

Fly away (IJM-WC again!!)

Frankly speaking, IJM-WC perfomance really make me sad, it is not coming to <1.. haha Kong Fu not enough, wrong estimation... anyway, if its come below 1, i will grap again but i think she is quite strong now, still new, many ppl buy and hold to see the futher. haha

Ok, so how? look for others lo.. As i posted before, TGOFFS-WA is already near to my target price, but i found out that it mother is even attracting me!! Today close at 1.15, Pe around around 9! haha.. anyway, there are few dai ko ONG counter with PE oso <10.. OK, put this under monitoring!

another is Genting SP. the sentosa going to open soon, today closing price is SGD1.05, i beleive it is sure win but y i didn't buy ler? i oso don know! maybe she don't have solid data to prove its performance, i just thinking like all others ppl oso thinking. But market up or down is oso due to this rite?? many ppl think it will up then it will be, many ppl think it will down then i oso will be.. haha. Mark again and for monitoring!

Time to sleep! ^V^!!