South Korea scrambled fighter jets and returned fire after North Korea lobbed dozens of shells into its territory, injuring four soldiers, Yonhap News reported.
A South Korean Defense Ministry official, who declined to be identified, confirmed the shelling, without giving any further details. The military has been put on high alert and will “respond strongly” to further provocation, he said.
For more, go to Bloomberg and the UK Guardian.
9 comments:
Hi, Alex,
May i exchange blog with you?
http://stockmarkettalks.blogspot.com/
Thanks
War start ...
sell all and run away ?
HI Alex good morning
Can i ask you about IJM Land ? after the announcement of the merger with MRCB and details out in the open, this counter did not shoot up on opening. In fact it is trading at very high volume nominally up.
Why do you think this is the case and is it a good trading buy at 1.77 for the warrants as the merger values IJM Lnad at 3.65, 20% higher than last traded price. thanks, Jackie
Hi Alex,
Can you pls comment on JCY. It has drop quite a lot recently.
Thanks!
Hi Alex, any news on Genting Malaysia?
Cheers,
Jeremy
Hi Stock Market Talk
Thank you for the suggestion. I will look into this at a later date.
Hi cheer
What can I say?
My favorite line is "What if there is a war and no one comes".
Hi jackie
I am deluged by results announcement & the recent spate of M&A activities. As such, I have not addressed my mind to the IJMLand & MRCB merger nor the Sunway & Suncity privatization.
Why the big volume for IJMLand on the re-quotation day. I guess many investors have invested in the stock for various reasons- including insiders' tip- had decided to take profit on that day. The sellers found ready buyers who thought that IJMland-MRCB is a good vehicle to ride the property boom.
Investing in IJMland-WA or IJMland has its own merit. However, if you wish to make a case to buy IJMLand-WA, then you should compare it to the market price of IJMLand, not the offer price for IJMLand. On the other hand, if you are contemplating on buying IJMLand, you may compare the market price of IJMLand with the offer price for IJMLand. Only when you compare apple with apple, would your decision be well-grounded.
Finally, we must remember the offer price for IJMLand is to be settled by way of new shares to be issued by the SPV set up to undertake the merger of IJMLand & MRCB. Since there is no cash option, the whole exercise of buying IJMland now to exchange of shares of a SPV which will be made up of IJMLand & MRCB in the future, looks to me to be an exercise in frustration.
So in final analysis, you may want to get into IJMland or its warrant for trading purposes (if they have dropped sufficiently) or for long-term investment (if you buy the justification for the nerger of these 2 entities). I know my answer is rather convoluted, but then again we are dealing with convoluted matters.
Hi Lim
JCY has been knocked down badly on weakening demand for HDDs. Its results for QE30/6/2010 does not reflect the slowdown of demand. We will have to wait for the results for QE30/9/2010 which should be out before November 30. The weakness in the share price reflects market's low expectation for JCY. We will have to wait & see.
JCY recorded a low of RM0.875 on Sept 1. We should watch whether JCY could break below this low or rebound off the low. A good set of result would help to swing the sentiment in its favor.
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