Inflation - Growth Fears!

The US stock markets were still suffering from uncertainty over the Federal Reserve's interest-rate plans. It's more of the same trends of the past couple of weeks. Investors are concerned that the Federal Reserve will move aggressively further with more rate hikes that will put the economy in jeopardy.

Lately, most of the US giant corporate was facing same-store sales rose at the low end of their forecast due to higher energy costs. The disappointment sparked worries about what other stocks could come under pressure from rising energy prices. This makes us start to think, 'Who else is going to be affected by higher gasoline prices during the official kickoff of driving season?

~Compiled from TheEdgeDaily.

The US scenario might effect ASIA's market indirectly as what we had experienced for the past few weeks. Watch Out! Aim correctly!

Forecast from Malaysia Research - Average Down

This is the analysis I compiled from newspapper last week. I find it pretty useful as i can start focus on certain potential shares before invest.

Hwang-DBS property fund's 500m units fully subscribed !!

The Hwang-DBS Global Property Fund's offering of 500m units, which was recently increased from 300m units, was fully subscribed two weeks after the fund size was increased. Hwang-DBS Investment Management Bhd (HDBSIM) said on May 23 that within two weeks of its debut, the fund’s offering was increased to 500m units at an issue price of 50 sen per unit. As of May 18,the global property fund was sold out and was closed to subscription after generating RM250m in sales, which was only a month after its initial launch. HDBSIM chief executive officer and executive director Teng Chee Wai said Malaysian investors were warming up again to the benefits and potential of investing in unit trusts, be it a local or a global fund. He said the fund was launched at a very busy and eventful time for the investment industry as many fund houses were putting out their products, most of which were of regional and global in nature, he said.Amid on-going interest rate hikes and market volatility, the fund was a potentially attractive investment avenue for investors seeking to outdo inflationary costs via staid bank returns.

KLSE Index Fall To 925.51 Points

Shares on India's benchmark BSE index recovered some ground on May 22 as trade resumed after an hour's halt following a more than 10% slide.
The BSE index was down 5.77% at 10,307.61 points at 12.58pm. (0728 GMT). The index had fallen 10.16% to 9,826.91 points, falling below 10,000 for the first in three months, when trading was halted at 11.55am. (0625 GMT).
The 50-share NSE index was down 6.64% at 3,031.15, recouping from a 10.79% fall to 2,896.45 when trading was suspended.
Trade will be halted for an hour if either index falls by another 5% before 2pm, according to a statement on the BSE website. If the decline occurs after 2pm, trading will be halted for the remainder of the day.
In case of a 20% fall, trading will be halted for the remainder of the day. - News from Reuters

The world index are trading in RED in the last couple of days. Could it be another economy crisis or merely investor taking precaution on the past economic crisis? Many analysis claimed the US interest rate and fall of metal price cause the index fall. KLSE traded stable in the morning session but just after the second session started the index had fall dramatically with almost all the counter in RED. Could the event in BSE index influenced the KLSE index? When will it recover? and will this the best time to buy some good share?

Iris, Patimas open limit down

Share prices of Iris Corporation Bhd and Patimas Computers Bhd opened limit-down when they resumed trading on May 16.

Iris was declared a designated counter by the regulators. Trading was hesitant at 9am with no deals done. But at 9.02am, it hit limit down, tumbling 29% or 39.5 sen to 96.5 sen. There were 1,000 shares done.

There were bids to buy 34.86 million shares at 95.5 sen and bids to buy 3.3 million shares at 96 sen.

Patimas opened at RM1.66, down 29.9% or 71 sen to RM1.66. Trading was then halted. There were bids to sell 1.16 million shares at RM1.66 sen.

Iris had proposed to issue 109.09 million shares at 66 sen apiece to acquire 31.75% or 24 million shares of Patimas Computers Bhd for RM72 million, or through cash.

~ From TheEdgeDaily

IRIS Securities Declared "Designated Securities”

Bursa Malaysia Securities Berhad (Bursa Malaysia), in consultation with the Securities Commission (SC), has decided to declare the securities of IRIS Corporation Berhad (IRIS) as “Designated Securities“ with immediate effect.
The counter has been designated due to excessive speculation and unusual patterns observed in the trading of IRIS shares.
The decision to designate has been taken in the interest of ensuring a fair and orderly market for the trading of IRIS shares. With the designation, trading in the counter continues but will require payment upfront before buying and a free balance of securities before selling.
In addition, the SC and Bursa Malaysia will be requiring further disclosures to be made by IRIS to allow for more informed decision making by investors.
Investors are advised that their investment decisions should be made on an informed basis including an assessment of the fundamentals of the company.