Friday, January 8, 2010

HOT pick stock, 11 Jan 2010

Pls click on picture to enlarge the size.

There will be TWO hot stock on 11 Jan 2010.

WHY say so??? This is due to TWO company announced will giving Bonus & Ex-date around the corner!!! 


Bonus Issue of up to 66,000,000 new ordinary shares of RM0.50 each in QL Resources Berhad ("QL")(“QL Shares”), credited as fully paid-up, on the basis of one (1) new QL Share for every five (5) existing QL Shares held ("Bonus Issue")


Bonus issue of up to 190,482,373 new ordinary shares of RM1.00 each in OSK Holdings Berhad ("OSKH" or the "Company") ("OSKH Shares") on the basis of one (1) new OSKH Share ("Bonus Share") for every four (4) existing OSKH Shares held at 5.00 p.m. on 25 January 2010


Based on announcement, OSK stock will be much attractive, the reason are as below:

1. Stock price is approximate 50% cheaper than QL (Based on 8 Jan closing price)

2. With every four (4) existing OSK share, entitle one (1) new OSK share (as QL need 5 existing share, just entitle 1 new QL share)

3. Ex-date is around the corner, 21 JAN 2010. (QL Ex-date is 26 JAN 2010)

As conclusion,, coming Monday both stock should be BULLISH. How high it can go? Which counter should you invest? It fully depend your own decision, which part is your favourite. 


Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!


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