tag:blogger.com,1999:blog-27852232551693494402012-02-10T18:30:48.315+08:00A financial blog provides the latest update from bloggers and collection of interesting news. 投资部落格Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.comBlogger27201100tag:blogger.com,1999:blog-2785223255169349440.post-49031511464126726722012-02-10T18:30:00.000+08:002012-02-10T18:30:48.328+08:00

Kuala Lumpur: Sime Darby Bhd, the world’s largest listed producer of palm oil, has seen the foreign shareholding in the company rise to its highest level since August 2008. Business Times understands that as at end of last month, foreigners owned 17.4 per cent of Sime Darby. The flood of foreigners scrambling for Sime Darby shares have seen its market capitalisation increased significantly.

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-22891004312938286092012-02-10T12:52:00.000+08:002012-02-10T12:52:31.705+08:00

Banking tycoon Tan Sri Quek Leng Chan has resigned as chairman and director of Hong Leong Industries Bhd, Hong Leong Group Bhd's manufacturing arm. In a filing to Bursa Malaysia Bhd, the company said the move was in line with the group's internal restructuring. The company also announced the re-designation of Datuk Kwek Leng San, previously the president and chief executive officer, to chairman

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-30394700663843888062012-02-10T06:32:00.000+08:002012-02-10T06:32:27.052+08:00

Delay in bill on gaming in Florida takes its toll on share prices PETALING JAYA: Shares of Genting Malaysia Bhd and parent Genting Bhd fell after Florida's House of Representatives committee postponed a vote on a bill to expand casino gaming in the state, putting a dent on the gaming empire's plans to expand into the sunshine state. Genting Malaysia slumped 20 sen or 4.9% to RM3.81 with 24.04

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-78304988607816087322012-02-09T16:03:00.000+08:002012-02-09T16:03:36.630+08:00

PETALING JAYA: Bursa Malaysia's trading volume swelled to 4.39 billion shares, the highest in five years, as investors and traders came back in full force yesterday after the long holidays. The number of shares traded was the second highest on record. The record in a single day stands at about 4.8 billion shares which was back in February 2007 during the last bull run of the local bourse. “

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-54072207801598592482012-02-09T06:50:00.000+08:002012-02-09T06:50:37.529+08:00

Malaysians are spending less on new clothes and out-of-home entertainment as well as switching to cheaper grocery brands and curbing telephone spending. Malaysians have started to cut down on telephone expenses as a means to manage their budget as concerns over the economy, job security and increasing food prices linger. At the same time, consumers are switching to cheaper grocery brands, the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-81633927930626573662012-02-08T06:15:00.000+08:002012-02-08T06:15:28.299+08:00

ETP projects will further lift the industry this year and next KUALA LUMPUR: More newsflow is expected from the oil and gas (O&G) industry which is likely to continue its outperformance in the calendar years 2012 and 2013 on sustained high oil prices. CIMB's O&G sector analyst Norziana Mohd Inon said in a report that the trickle-on effects of the Economic Transformation Programme (ETP), which

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-75373118503666715552012-02-07T17:45:00.000+08:002012-02-07T17:45:26.782+08:00

Kuala Lumpur: Proton Holdings Bhd’s cash reserves fell from a high of RM4 billion to a staggering low of RM600 million to help cut company losses, said its adviser Tun Dr Mahathir Mohamad. He said that Tengku Tan Sri Mahaleel Tengku Ariff had accumulated some RM4 billion when he was the chief executive officer (CEO) of the company. Of the amount, RM1.8 billion was spent on Proton’s Tanjung Malim

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-34570964058898336102012-02-03T06:02:00.000+08:002012-02-03T06:02:05.991+08:00

Reports seem to suggest that Tan Sri Vincent Tan Chee Yioun’s MOL Global owns about one per cent of Facebook. KUALA LUMPUR: Tan Sri Vincent Tan Chee Yioun’s personal wealth could increase by as much as US$500 million (RM1.52 billion) this year, thanks to the initial public offer of Facebook Inc, the world’s largest social networking service company. Reports seem to suggest that Tan’s

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-1199423087141110762012-02-02T20:41:00.000+08:002012-02-02T20:41:43.860+08:00

PUBLIC-listed companies (PLCs) may pay out less dividends this year due to global uncertainties, analysts say. The implications of the European debt crisis, state of the US economy and continued uprising in Arab states do nothing more than to contribute to the global economic uncertainties. Most analysts agree that there will be dividend payout cuts this year due to the current state of affairs

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-6603426560066911942012-01-31T22:44:00.000+08:002012-01-31T22:44:19.574+08:00

14 PER CENT JUMP: Chairman credits growth to higher income from Islamic banking business PUBLIC Bank Bhd recorded an all-time high net profit of RM3.48 billion last year, which is 14.3 per cent more than the RM3.05 billion recorded in 2010, thanks to higher income from its Islamic banking business. This is despite the bank having to contend with operational cost swelling five per cent to

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-41206982742986337192012-01-31T06:03:00.000+08:002012-01-31T06:03:11.776+08:00

Stocks in rubber glove, property, construction and sectors such as Supermax, Hua Yang, Mah Sing, UEM Land, DRB-HICOM and Muhibbah Engineering should outperform the broader market in coming weeks, says a head of research. Last week saw the blue-chip benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) in hibernation mode due to limited participation with most

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-24747989578155152552012-01-30T19:51:00.000+08:002012-01-30T19:51:31.593+08:00

If there's is a transaction involving a mall in 2012, expect the deal to be done at a handsome price. After a record number of deals valued at RM5 billion involving shopping complexes in 2011, this retail asset will continue to be on the radar of funds and real estate investment trusts (REITs) in 2012. Allan Soo, managing director of CB Richard Ellis Malaysia, said that since there are not many

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-63967651828696610422012-01-30T06:38:00.000+08:002012-01-30T06:38:06.668+08:00

IJM Corp Bhd was among the top-gaining counters yesterday after its wholly-owned subsidiary was named one of the two main contractors for the My Rapid Transit Sungai Buloh-Kajang line. Analysts reckon that winning part of the RM1.7bil project would be a major boost for the local diversified group, whose core business is in construction. It is understood that the portion of job won by IJM is

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-62351657568021619332012-01-28T09:10:00.000+08:002012-01-28T09:10:59.637+08:00

PETALING JAYA: Samling Strategic Corp Sdn Bhd (SSC) is proposing to privatise unit Samling Global Ltd (SGL) and in turn to privatise timber firm Lingui Developments Bhd and associate company Glenealy Plantations (Malaya) Bhd. Lingui and Glenealy said in separate statements to Bursa Malaysia yesterday that the privatisation exercise would be conditional, among other things, upon the approval of

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-12181329382375366092012-01-27T07:00:00.001+08:002012-01-27T07:01:14.158+08:00

THE continued demand for Apple products ranging from the iPads, iPhones and other smart gadgets is set to see more outlets opened this year nationwide. Apple premium and longest selling reseller, CG Computers Sdn Bhd, is looking at building six new Apple stores and upgrade at least four of its current ones. An investment of RM11 million has been earmarked for this purpose, the company's

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-77228454150488788602012-01-18T06:45:00.000+08:002012-01-18T06:45:08.546+08:00

SHANGHAI: China's property market slowed last year, official figures showed yesterday, as the government sought to bring down runaway housing prices amid fears of a speculative bubble. The country introduced a range of measures aimed at curbing the real estate market last year, such as bans on buying second homes in some cities, hiking minimum down-payments and introducing property taxes.

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com3tag:blogger.com,1999:blog-2785223255169349440.post-50834579038254682252012-01-17T15:37:00.000+08:002012-01-17T15:37:13.591+08:00

KHAZANAH Nasional Bhd, the country’s sovereign wealth fund, ended months of speculation after deciding that it will sell its 42.74 per cent stake in Proton Holdings Bhd to DRB-HICOM Bhd. Khazanah will sell the stake to DRB-HICOM for RM1.29 billion, or RM5.50 a share, representing a 6 per cent premium over the last traded price of RM5.18. Upon completion of the acquisition, DRB-HICOM will be

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-13025911373628913812012-01-17T06:44:00.000+08:002012-01-17T06:44:55.264+08:00

KUALA LUMPUR: Chances of a pre-Chinese New Year (CNY) rally in the stock market are slim with more selling expected later this week and even next week, analysts and fund managers say. However, while the key 30-stock FBM KLCI index may falter, small stocks may continue to garner interest. The first day of the CNY falls next Monday, which will be a shorter trading week with many in the investment

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-72219698754918983862012-01-16T06:41:00.000+08:002012-01-16T06:41:50.761+08:00

SILK Holdings Bhd recovered from the recent low of 20.5 sen on Sept 26 last year to achieve a high of 33.5 sen during intra-day session yesterday, the best in nine months on renewed bargain-hunting interest after a period of correction. Based on the daily bar chart, the stock penetrated all the moving averages on our radar screen but they fell short of giving us the confirmation that the fate of

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-49554918926015822732012-01-14T06:32:00.000+08:002012-01-14T06:32:40.599+08:00

BEIJING: Apple said yesterday that it was suspending sales of the new iPhone at its China stores after fans desperate to get their hands on it fought with security and threw eggs at an official outlet. Police detained at least two people outside the shop here yesterday when angry crowds who had queued for hours in freezing temperatures for the Chinese launch of the iPhone 4S were left furious

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-26335303989769508862012-01-13T20:16:00.000+08:002012-01-13T20:16:48.616+08:00

KUALA LUMPUR- AirAsia X will be discontinuing several of its flights to India and Europe from its Kuala Lumpur hub. Four weekly services to Mumbai will be stopped, with the last flight on Jan 31. For New Delhi, daily services will be suspended, with the last flight on March 22 and flights there in March will be reduced to four weekly services. For Europe, six weekly services to London will be

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-79163054238105301992012-01-13T06:35:00.000+08:002012-01-13T06:35:43.895+08:00

It’s finalising whether to exit from Indian, European and Christchurch services PETALING JAYA: AirAsia X (AAX) seems all set to start ticket sales for the much-awaited KL-Sydney route next week and will begin mounting flights to the Australian city by April this year, way ahead of rival Scoot. The airline is also said to be in the final stages of rationalising its route network where it would

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-48077674573112175312012-01-12T19:07:00.000+08:002012-01-12T19:07:52.133+08:00

PETALING JAYA: RHB Capital Bhd and OSK Holdings Bhd have submitted their applications to the Finance Minister via Bank Negara for relevant approvals in relation to a proposed merger. Both banks said this in separate announcements to Bursa Malaysia. According to people familiar with the matter, the proposed merger deal is likely to be done via a combination of share swap and cash, although the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-10739246685187103192012-01-12T06:37:00.000+08:002012-01-12T06:37:50.479+08:00

AMERICANS have traditionally been the most enthusiastic champions of capitalism. Yet a recent American public opinion survey found that just 50 per cent of people had a positive opinion of capitalism while 40 per cent did not. The disillusionment was particularly marked among young people aged 18 to 29, African Americans and Hispanics, those with incomes under US$30,000 (RM94,800) and

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-33784396054568008822012-01-11T05:59:00.000+08:002012-01-11T05:59:28.719+08:00

THE year 2012 will be difficult for Europe weighed down by a sovereign debt problem, but the European Union (EU) is much more than its debt problem. "It remains a tightly-knit union of 500 million inhabitants, the world's largest economy and biggest trading bloc. Its inner strength is rock solid, no matter the economic downturn and regardless of the occasional political dispute.

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-14166127504440297942012-01-10T19:29:00.000+08:002012-01-10T19:29:06.138+08:00

Already judged one of football's all-time greats at just 24, Lionel Messi unsurprisingly extended his reign as the world's best player for a third year. The Barcelona and Argentina forward received the FIFA Ballon d'Or award for 2011 on Monday, beating his teammate Xavi Hernandez and Cristiano Ronaldo of Real Madrid. "It's a huge pleasure for me... and it's a huge honour," Messi said,

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-84967982358107717962012-01-10T06:07:00.000+08:002012-01-10T06:07:29.423+08:00

REVIEW: Bursa Malaysia kicked off the year 2012 on Tuesday on a soft note, with the benchmark FBM Kuala Lumpur Composite Index (FBM KLCI) easing a significant 7.13 points to 1,523.60 on profit-taking following a last minute spurt prior to the long break. Despite that, the overall sentiment was mixed. While the quality issues bore the brunt of selling, most second and lower liners managed to

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-88281074911902961492012-01-09T19:52:00.000+08:002012-01-09T19:52:28.467+08:00

Most of the volume on Bursa Malaysia will likely come from penny stocks as retailers gear up for a (pre-Chinese New Year) rally, says a dealer THE FBM KLCI will likely continue to be listless this week amid a lack of strong leads to pull it out of its sluggishness , but penny stocks and warrants are expected to remain in the spotlight, ahead of the upcoming Chinese new year. "Most of

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-16181211819789514422012-01-09T06:50:00.000+08:002012-01-09T06:50:32.818+08:00

Penny stocks may rally up to the Chinese New Year to usher in the coming of the Year of the Dragon, the mightiest of signs in the Chinese zodiac, analysts said yesterday. Penny stocks are securities that trade below the RM1 mark. "There is a good chance for penny stocks to rally up to the Chinese New Year. There is plenty of liquidity in the marketplace, coupled with low interest rates," said

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-32214267291416110982012-01-08T08:12:00.000+08:002012-01-08T08:12:47.211+08:00

LOOKING back, the gods of risk mocked investors. The fastest growing economies, India and China, had the worst performing stock markets. Both economies managed to achieve 7%-9% growth last year, but the Sensex and the A share markets were down 24.6% and 21.7% respectively. In contrast, the advanced economies were supposed to be in crisis, but the US Dow Jones Industrial Average was up 5.5%. True

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-25382718085214237712012-01-03T06:49:00.000+08:002012-01-03T06:49:19.860+08:00

Sometimes size does not matter. This was made clear in 2011's biggest winners on Bursa Malaysia, in terms of percentage. Last year was distinctly one of lower liners. Investors who had held on to the top 20 smallish counters on Bursa would have found themselves making gains ranging from 100% to 700%. While many of the penny stocks rose throughout the year, the party firmly engaged into gear in

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-71279539707299646012012-01-01T09:41:00.000+08:002012-01-01T09:41:25.601+08:00

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-26069136574158140002011-12-22T06:27:00.000+08:002011-12-22T06:27:06.748+08:00

AirAsia is abolishing the counter check-in fees for all international flights throughout its route network. All bookings made on December 22 onwards will be exempted from the RM10 per passenger for counter check-in. In a statement Wednesday, AirAsia Group Chief Executive Officer, Tan Sri Tony Fernandes said the low cost airline had recently also reduced the processing fee for the usage of

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-64093098137234922292011-12-20T06:51:00.000+08:002011-12-20T06:51:50.511+08:00

Long-haul budget carrier AirAsia X has written in to the Ministry of Transport on its plans to withdraw its services to Paris, London, Mumbai and Delhi, according to a source. It is understood that the routes are losing money and that AirAsia X could stop flying there as early as February. AirAsia X chief executive officer Azran Osman-Rani neither confirmed nor denied this. “I hereby confirm

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-74928829171051696392011-12-19T06:51:00.000+08:002011-12-19T06:51:04.988+08:00

HONG Leong Bank Bhd (HLB), which is now the country's fourth largest banking group following its merger with EON Capital Bhd, is expected to continue reaping synergies from the merger. In a report initiating coverage on the bank, Alliance Research said it believed that the market had not fully priced in the potential synergistic benefits from the merger. “We are positive that the expanded scale

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-56603297394649058012011-12-14T08:09:00.001+08:002011-12-14T08:09:47.013+08:00

The exercise is imminent ... it could be as early as this week, says a source Johor Corp Bhd (JCorp) plans to take QSR Brands Bhd private, people familiar with the matter said yesterday. The deal may also involve KFC Holdings (M) Bhd, the source said. “The exercise is imminent ... it could be as early as this week,” said a source. At least two independent sources told Business Times that a

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-43244790381679172792011-12-13T06:45:00.000+08:002011-12-13T06:45:43.745+08:00

CELCOM Axiata Bhd (Celcom) expects to invest some RM500 million if it wins a RM2 billion digital terrestrial television broadcasting (DTTB) project. Celcom chief executive officer Datuk Seri Shazalli Ramly said it expects the investment to be over three to five years. Yesterday, Celcom inked a consortium agreement with Broadcast Australia to bid for the much-awaited job. Shazalli, speaking to

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-92162684970718882792011-12-13T06:41:00.002+08:002011-12-13T06:41:35.873+08:00

Berjaya Sports Toto Bhd’s (BToto) earnings and revenue increased 62 per cent and 2 per cent respectively in the second quarter ended October 31 due to the improved performance of its primary unit Sports Toto Malaysia Sdn Bhd. The company said net profit had reached RM105.6 million, while revenue hit RM862 million in the period. Sports Toto revenue was up 1.8 per cent compared to the same

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-62881742613052237612011-12-12T06:48:00.000+08:002011-12-12T06:48:01.216+08:00

AFTER jumping from the most recent lows of 45 sen on Nov 23 to achieve an apex of 73.5 sen on Dec 5, SYF Resources Bhd shares went through a brief correction period owing to an apparent profit-taking activity, which saw prices pulling back to the 14-simple moving average of 60 sen. Thereafter, fresh bargain hunting buying emerged, lifting them to a high of 75 sen during intra-day session

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-58442220809453934692011-12-09T06:52:00.000+08:002011-12-09T06:52:32.527+08:00

Malaysia Airports releases two letters written by Tony Fernandes and Bashir Ahmad addressing the issue of the baggage handling system. MORE than an hour after posting a conciliatory message on its website, Malaysia Airports Holdings Bhd (MAHB) released two letters written by AirAsia Bhd's Tan Sri Tony Fernandes and MAHB's Tan Sri Bashir Ahmad addressing the issue of the baggage handling system (

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-31875976965954868952011-12-08T07:00:00.000+08:002011-12-08T07:00:43.933+08:00

AN ambitious plan by the Penang government to build four major roads and a tunnel to address traffic congestion in the state appears to be picking up steam, barely less than a month after it was announced. Billed as the current government's biggest infrastructure exercise since it assumed office in March 2008, the projects have been tagged at RM8 billion and reportedly conducted via

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-13589377307146327862011-11-27T08:21:00.000+08:002011-11-27T08:21:40.435+08:00

KUALA LUMPUR A recent survey found that almost half of workers in Malaysia work much longer than eight hours a day and regularly take work home. Are you among the statistics? Do you stay late or bring work home because you are a committed employee, a workaholic, or have bad time management skill? Or you simply can't help it as the workload continues to mount. In its recent findings,

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-36684129688324331322011-11-25T18:46:00.000+08:002011-11-25T18:46:57.833+08:00

KLCC Property Holdings Bhd (KLCCP) and the Qatari Investment Authority will build a new retail mall plus two towers next to the Petronas Twin Towers. The new development is set to expand the retail, office and hotel space in the KLCC development. The two new towers, one for offices and  the other a hotel, will sit on the new four-storey podium retail block (with 300,000 sq ft of retail

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com1tag:blogger.com,1999:blog-2785223255169349440.post-27573162363435909032011-11-25T06:54:00.000+08:002011-11-25T06:54:01.492+08:00

Penny stocks will survive. They survived the designation of Iris Corp Bhd, and they will survive the recent designation of Harvest Court Industries Bhd. It is easy to paint penny stocks in one brush, that they are useless and mere vehicles for a quick punt. Just like it's easy to push the buck to the regulator for letting stocks surge, with the occasional unusual market query. In all

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-57881506167709023762011-11-25T06:53:00.000+08:002011-11-25T06:53:06.832+08:00

AIRASIA Bhd will not adhere to a planned increase in airport tax scheduled to take place this month, the low cost carrier said in a statement posted on its Facebook fan page today. The carrier added that it will continue to lobby for the status quo to remain. 'Look at the queue at the immigration, space for check-in counters, quality of toilets, cleanliness of the facilities - is it really

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-13514395388452583022011-11-24T19:00:00.000+08:002011-11-24T19:00:33.712+08:00

TSH Resources Bhd aims to become a regional plantation player in the next few years by expanding its planted hectarage specifically in Indonesia. TSH chairman Datuk Dr Kelvin Tan Aik Pen said the company is on a solid financial footing and well positioned for strong earnings growth in the future. “The company has a good story to tell and share with the public and investors as it is now doing

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-63583507872047174782011-11-24T06:42:00.000+08:002011-11-24T06:42:10.474+08:00

Even as shares in designated Harvest Court Industries Bhd dipped 31% back to penny status yesterday, following the resignation of Mohd Nazifuddin Najib — son of Prime Minister Datuk Seri Najib Razak — from its board, market data showed the recent penny stock party may be winding down. While Sumatec Resources Bhd, the 10th lower liner to be queried on unusual market activity (UMA) this month

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-51695561323806675852011-11-23T18:58:00.000+08:002011-11-23T18:58:05.910+08:00

Despite a major crisis in the eurozone, John Bruton, a former “Taoiseach” (prime minister) of Ireland, believes the euro is here to stay. But he conceded that when the euro was implemented in 1990 there were some oversights. “The euro was a fair weather currency. There were problems we did not anticipate, and we do not have a provision for a lender of last resort,” said Bruton. Bruton, who

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-37340918229225905112011-11-23T18:51:00.000+08:002011-11-23T18:51:07.022+08:00

Amanah Saham Nasional Bhd (ASNB) has announced an income distribution of six sen per unit for Amanah Nasional 3 Imbang (ASN3) for the financial year ended November 30, 2010. This is the second consecutive year the ASNB is declaring the same dividend. The income distribution involves a payment of RM7.52 million, benefitting 11,500 unitholders with 125.41 million ASN3 shares. Up until November

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-33545488410142538352011-11-23T06:50:00.000+08:002011-11-23T06:50:39.028+08:00

Effective this Jan 1, those looking to borrow from banks to buy houses and cars will be subject to Bank Negara Malaysia’s (BNM) new guidelines aimed at promoting prudent, responsible and transparent retail financing practices. While much has been documented about the high borrowings of Malaysian households, little has been said about the 33% of households’ financial assets that are in the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-54543052888960752742011-11-22T06:56:00.000+08:002011-11-22T06:56:18.484+08:00

ENTREPRENEUR. I believe many entrepreneurs out there, like me, find it difficult to spell this word, let alone understand what it means. But I have to admit that it is definitely more stylish to tell your friends that you are an entrepreneur dealing in lifestyle products when you are actually selling cheap imported tee- shirts in a pasar pagi or more elegantly put... Sunday bazaar. Back in the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-45741638861718981182011-11-21T06:38:00.000+08:002011-11-21T06:38:23.897+08:00

AS the year 2011 comes near its end, the stock market will have to bid farewell to PLUS Expressways Bhd (PEB), the largest toll operator in South-East Asia which will be delisted from Bursa Malaysia next month. The corporate exercise will soon be completed, as UEM Group Bhd and the Employees Provident Fund (EPF) the joint offerors for the assets and liabilities of PEB have confirmed over the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-87256806041434501232011-11-20T06:38:00.000+08:002011-11-20T06:38:16.961+08:00

AS I write this, at least a dozen Unusual Market Activity (UMA) requests have been issued to various penny stocks, the most in any given month for as long as my memory serves. The purpose of issuing the UMA is to ask such penny-stock counters such as textile producer Maxbiz Corp, technology provider GPRO Technologies, timber company Harvest Court Industries, plastic injection mould fabricator

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-6597003462106224322011-11-19T06:38:00.000+08:002011-11-19T06:38:22.122+08:00

China's property market, a mainstay of the world's second-largest economy, has started to suffer a downturn that could have a knock-on effect on global trade in commodities, analysts warn. Housebuying demand has fallen across China after authorities, fearing a property bubble, banned second home purchases in places including Beijing, increased minimum down payments and trialled property taxes in

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-30571013748917848372011-11-18T15:05:00.000+08:002011-11-18T15:05:43.064+08:00

Malaysian Airlines aircraft parked on a tarmac at Kuala Lumpur International Airport in Sepang outside Kuala Lumpur.(File picture) - EPA Investors and analysts are basically growing tired, having waited for nearly three months now for the new team at Malaysia Airlines (MAS) to announce some definitive execution plans to turn the ailing airline around. In a report, Maybank Investment Bank

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-79017568260220567082011-11-18T12:21:00.000+08:002011-11-18T12:21:34.726+08:00

Carlsberg Brewery (M) Bhd (Nov 16, RM7.26) Maintain buy at RM7.09 with fair value of RM8.30: Carlsberg Brewery brewed a sequentially higher net profit of RM49 million for 3QFY11. Results for 9MFY11 came in well within both our, and market expectations, at 84% and 85% of full-year estimates. The group recorded a solid top line growth of 16% quarter-on-quarter (q-o-q), in line with the strong

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-53688082170539407632011-11-18T06:58:00.000+08:002011-11-18T06:58:40.993+08:00

Harvest Court Industries Bhd tumbled 30% on thin trade as trading curbs kicked in yesterday after a one-day suspension, but penny stocks continued to dominate activity on the local bourse. Yesterday’s top 20 most active were penny stocks and 70% of them ended the day with gains. “With Harvest labelled a designated stock, we expected the wind to be taken out of the sails of other penny

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-78511333428333907702011-11-18T06:57:00.000+08:002011-11-18T06:57:29.398+08:00

Toll rates on several expressways will increase by smaller amounts from 2016, once the proposed takeover of PLUS Expressways Bhd by UEM Group Bhd and the Employees Provident Fund Board (EPF) materialises. At the same time, the concession period for several expressways will be extended. This is in broad strokes the conclusion of the negotiations between the government and UEM and the EPF.

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-19236084790252468492011-11-17T19:18:00.000+08:002011-11-17T19:18:43.076+08:00

The recent sharp jump in Proton Holdings Bhd shares has given rise to speculation over a management buyout (MBO) as well as rumours of takeover proposals for the national carmaker. Proton shares have gained 83 sen since Tuesday and closed yesterday at RM3.53. On Wednesday, Proton warrants also jumped, with Proton-CG rising 4.5 sen to 13 sen while Proton-CH was up six sen to 12.5 sen at the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-64253538966362494582011-11-17T06:35:00.000+08:002011-11-17T06:35:27.427+08:00

The listing of Pavilion REIT, slated for Dec 6, will result in the realisation of a net worth of approximately RM1.69 billion for controlling shareholder Datuk Desmond Lim Siew Choon and his spouse Datin Cindy Tan Kewi Yong. Attention is shifting to Lim’s low profile, undervalued property arm Malton Bhd, as a possible privatisation candidate with the couple now flush with cash. Lim and Tan

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-37965428954267903262011-11-16T06:22:00.000+08:002011-11-16T06:22:38.600+08:00

An investment opportunity exists because it is overlooked, under-researched and/or considered boring or too risky or “exotic” by institutional investors. For example, a well-known multinational bank was in Dubai for over 60 years but funnily enough, it did not provide its customers access to Dubai’s stocks until late 2006. At that time, Dubai’s stock market had already surged 190% and Emaar

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-7364929018867018152011-11-15T18:54:00.000+08:002011-11-15T18:54:18.273+08:00

Banks might be reluctant to lend to retirees but there are ways to increase your chances of getting a loan For retirees, the best practice is to live on cash. Says Ng Chee Yong, a licensed financial planner at the financial care centre of wealth solutions provider CWA, “Whenever possible, pay with cash. A loan is taken to finance items that you cannot afford, a situation that retirees

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com1tag:blogger.com,1999:blog-2785223255169349440.post-19968220417717188922011-11-15T16:36:00.000+08:002011-11-15T16:36:17.550+08:00

AirAsia Bhd chief executive officer Tan Sri Tony Fernandes called off a press conference on Malaysia Airports Holdings Bhd airport tax increment, only to take to twitter to vent his frustrations. In a series of tweets which started this morning, Fernandes questioned not only the cost of the new KLIA2 terminal but also the construction of a third runway. The terminal was budgeted to cost RM2

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-68506074696068039422011-11-15T14:56:00.001+08:002011-11-15T14:56:54.334+08:00

Maybank’s chief executive officer Datuk Seri Abdul Wahid Omar says the external environment continues to pose a challenge due to the volatility in global markets. Malayan Banking Bhd’s first quarter net profit jumped 25 per cent to RM1.28 billion, driven mainly by double-digit growth in revenue from almost all its business sectors. Revenue for the three months ended September 30 2011 climbed

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-76275970783157143152011-11-15T14:06:00.001+08:002011-11-15T14:07:39.982+08:00

Harvest Court Industries Bhd and Harvest Court Industries Bhd's warrants have been declared as "designated securities" by Bursa Malaysia. This means, investors will be required to make payment upfront before buying have a free balance of securities before selling. Harvest court mother shares were untraded at RM2.13 and the warrants were untraded at RM1.81 a share.

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-43416939227561921102011-11-15T06:31:00.000+08:002011-11-15T06:31:20.497+08:00

EUROPEANS could use a little cheering up this week. One man who is trying to do that is George Soros. He knows his way around a currency crisis, of course, and he isn't usually accused of being a Pollyanna. Soros thinks it is not too late to save Europe and the euro but he warns that time is running out and that Europe's leaders must fundamentally change their strategy to succeed. Let's start

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-18128924466441461342011-11-14T19:19:00.000+08:002011-11-14T19:19:52.580+08:00

Many of this year’s initial public offering (IPO) stocks have been among Bursa Malaysia’s worst performers — but are they now worth another look? Interest certainly appears to be returning to them, as investors are starting to take notice of stocks that have fallen under the radar and are offering good bargains. In the past 1½ weeks, stocks such as UOA Development Bhd, MSM Malaysia

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-11622425894444980522011-11-14T06:16:00.000+08:002011-11-14T06:16:42.190+08:00

DUFU Technology Corp Bhd fell to an all-time low of 27 sen on August 9 on extended liquidation pressure during the previous bearish cycle. Thereafter, the shares fluctuated between a narrow range on consolidation and it lasted for three months before changing for the better in the wake of fresh bargain hunting, driving the stock to a high of 41 sen during intra-day session yesterday. Based on

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-54475518618535645252011-11-13T16:42:00.000+08:002011-11-13T16:42:41.137+08:00

With the retirement age for civil servants at 60, Malaysia is now on par with other countries in Asean. However, the retirement limit in the private sector still makes Malaysia the only Asean country where people retire below 60. ONE has to admit that most people in their 50s today don't look like those of the same age from before. Not only do they look younger but they also generally

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-1038550526897172492011-11-12T18:18:00.000+08:002011-11-12T18:18:49.529+08:00

Iskandar Malaysia is set to become a premier leisure and entertainment centre by 2013, when three projects costing more than RM1 billion come on stream in the economic region. Pinewood Iskandar Malaysia Studios, an indoor theme park and MSC Cyber City will complement two projects taking shape — Johor Premium Outlet (JPO) and Legoland. Together, they will turn the region into a

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-75467779387118813552011-11-11T06:37:00.000+08:002011-11-11T06:37:29.882+08:00

Berkshire Hathaway Inc, the multinational conglomerate operated by legendary investor and philanthropist Warren Buffett, now has a presence in Malaysia. In June, the company completed the acquisition of Southwest Greens International through its carpet manufacturing company Shaw Industries Group Inc. Southwest Greens is reputedly the only company in Malaysia to offer artificial turf for

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-33717137528243202712011-11-10T06:45:00.000+08:002011-11-10T06:45:55.474+08:00

With Fernandes, who controls AirAsia, uncharacteristically silent on the news report yesterday, many analysts do not know what to make of the idea. If analysts were stumped by the share swap between AirAsia Bhd founders and Khazanah Nasional Bhd earlier, they are rendered speechless by Tan Sri Tony Fernandes' purported super-premium carrier proposal. It was reported that the airline is to be

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-65651570229591541052011-11-09T20:35:00.000+08:002011-11-09T20:35:36.696+08:00

Demand for luxury residential properties is expected to turn cautious, given greater economic uncertainties and a tightening of credit by banks, DTZ Research said in its latest Property Times market report. In the report for Kuala Lumpur for the third quarter, the research house said there would be an increasing downside risk on prices at the higher end of the market if the conditions got worse

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-58787310241066182702011-11-09T06:43:00.000+08:002011-11-09T06:43:16.288+08:00

Harvest Court Bhd is close to acquiring a new business which involves converting agricultural waste into paper, industry sources say. The asset being injected into Harvest is believed to be a company called 1Green Enviro Sdn Bhd, which is linked to its substantial shareholder Datuk Raymond Chan, according to sources. A filing with the Companies Commission of Malaysia shows that 1Green

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-18768312911720562712011-11-08T06:44:00.000+08:002011-11-08T06:44:45.276+08:00

AFTER rebounding from the recent lows of 73.5 sen on Sept 26 to achieve a two-month high of 84 sen on Oct 28 amid fresh bargain hunting interest, Magna Prima Bhd shares turned range-bound on profit-taking activity alternated with sporadic buying momentum, undergoing consolidation. Based on the daily bar chart, the recent sideways correction appeared healthy and usually, a typical process of

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-40990352689963902312011-11-04T12:01:00.000+08:002011-11-04T12:01:44.992+08:00

Malaysia is on the right trajectory towards becoming a high-income nation by 2020. This is based on what it has managed to achieve so far in the first year of its Economic Transformation Programme (ETP), said Datuk Seri Idris Jala, who is chief executive officer of Pemandu, the unit under the Prime Minister’s Department that oversees ETP’s implementation. Some RM10 billion in investments under

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-2221393288339488772011-11-04T06:39:00.001+08:002011-11-04T06:41:24.294+08:00

U Mobile pledges to avoid future service disruption While U Mobile Sdn Bhd's major service disruption on Monday raises concerns about the stability of its network, chief executive officer Dr Kaizad Heerjee has assured that plans are in place to avoid future recurrences. “We acknowledge that U Mobile has let down our customers as they expect better service from us. We have to redouble our

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-58544007498453027732011-11-03T15:50:00.000+08:002011-11-03T15:50:19.463+08:00

SINGAPORE: Retail investors in Singapore trying to salvage their doomed investments from the local MF Global office were left frustrated and empty-handed yesterday after they were told their trading positions were closed and their funds were frozen. Dozens of worried local investors lined up at the MF Global office throughout the day seeking to recoup their money, but all they received was a

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-68172737692420769112011-11-03T07:03:00.000+08:002011-11-03T07:03:01.082+08:00

One of my earliest memories was when my parents bought me books. It was probably my first set of books. I call it a set because the salesman came in a van and he sold us a lot of books. There were story books like Aladdin, Ali Baba and the 40 Thieves and also simple encyclopedias which had a lot of pictures. I particularly liked the one that talked about dinosaurs. In primary school,

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-69204522320698152162011-11-03T06:45:00.000+08:002011-11-03T06:45:19.521+08:00

Hong Leong Bank Bhd (HLBB) has launched a voluntary separation scheme (VSS) for its employees, some five months after its merger with EON Capital Bhd (EONCap). The merger, completed on May 6, boosted its employee count to over 11,000 from about 6,000 before. "The scheme, which is open to all permanent employees of Hong Leong Bank and MIMB (Investment Bank), is offered strictly on a voluntary

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-3246444269659299892011-11-02T15:52:00.000+08:002011-11-02T15:52:39.314+08:00

Should Asia face another financial crisis, chances are it will be more prepared to deal with it than during the 1997/98 Asian economic meltdown, Asean corporate leaders said yesterday. They, however, added that no country was completely immune to shocks or turbulence, and preparedness for any crisis came from lots of effort and hard work. Khazanah Nasional managing director Tan Sri Azman

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-53180668787957670312011-11-02T13:43:00.000+08:002011-11-02T13:43:05.995+08:00

Jerneh Asia Bhd’s major shareholder, Kuok Brothers Sdn Bhd, has launched a conditional takeover offer of the former in a move that could provide a quicker way to wind up matters at the cash-rich company that has been without a core business since last year. In a filing with Bursa Malaysia yesterday, AmInvestment Bank Bhd said Kuok Brothers is offering RM1.45 cash per share for all remaining

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-77630001915485665662011-11-02T13:41:00.000+08:002011-11-02T13:41:33.338+08:00

Malaysian hard disk drive (HDD) component manufacturers, JCY International Bhd and Dufu Technology Corp Bhd, saw a surge in buying interest in the two stocks in anticipation of major structural changes in the HDD sector following the Thai flooding. Both JCY and Dufu are expected to benefit from the improved positioning of their main customer Seagate Technology plc following the flooding in

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-41944945223602524962011-11-02T06:40:00.000+08:002011-11-02T06:40:28.417+08:00

It may not be getting as much attention from the world as China and India, but make no mistake, every business expert and economist are well aware of the economic potential of Indonesia. With renewed vigour after the 1997/98 Asian Financial Crisis, that the tiger economy is now roaring back, emerging as a star performer in the region and drawing international interest. The latest endorsement

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-68558786253623254572011-11-01T21:08:00.000+08:002011-11-01T21:08:17.907+08:00

LAS VEGAS: Even non-profit organisations like zoos are able to make more money with the use of IBM's business analytics solutions. Cincinnati Zoo, the second oldest zoo in the US and attracts between 1.2 million and 1.3 million visitors annually, has seen US$500,000 (RM1.55 million) higher revenue and efficiencies through this. Those who are using Business Analytics are experiencing a 33 per

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-83479282328361279512011-11-01T15:27:00.002+08:002011-11-01T15:27:55.293+08:00

SCOMI GROUP BHD [] is exiting its business in the US and Mexico following the proposed disposal of its drill waste management assets in those countries for US$35 million (RM107 million) as it seeks to refocus on Asia. The company said on Tuesday the assets would be disposed of to National Oilwell Varco, Inc’s subsidiaries. Scomi Group said the proposed disposals are in line with Scomi Group’s

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-41900651429048385202011-11-01T06:57:00.001+08:002011-11-01T06:57:56.001+08:00

The Employees Provident Fund (EPF) had approved 13 loans without government guarantee amounting to RM55.1 billion as at Dec 31, 2010, according to the Auditor-General’s (AG) 2010 report. Of the 13, the AG had pointed out that only one borrower who got the loan of RM21.3 billion was eligible to have the loan approved by EPF without having to procure government guarantee. It is not stated why the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-17823791932094566662011-11-01T06:56:00.000+08:002011-11-01T06:56:17.773+08:00

Rumours MBf Holdings Bhd will be taken private have begun to swirl again. The company was one the most actively traded stocks in October, with its largest shareholder and CEO Tan Sri Dr Ninian Mogan Lourdenadin acquiring MBf shares and warrants on the open market. Lourdenadin had increased his shareholding in MBf to 84.55% as at Oct 21, just shy of the 90% threshold to compulsorily acquire the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-54145389632814259652011-11-01T06:48:00.000+08:002011-11-01T06:48:04.271+08:00

Seagate benefit for JCY and Dufu Malaysian hard disk drive (HDD) component makers, which supply mainly to Seagate Technology plc, could well take pole position in the HDD industry after rival Western Digital Corp (WD) was beaten out by the flooding in Thailand. And with a global HDD shortage looming, higher prices are likely to boost margins down the entire value chain, providing some relief

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-40802101427319708082011-11-01T06:42:00.000+08:002011-11-01T06:42:22.835+08:00

Public Mutual has declared RM232 million as income distribution, ranging from 1.25 sen to 5.00 sen per unit, for eight funds for the financial year ended Oct 31, 2011, despite the current challenging market conditions. It said on Monday, that for Public Industry Fund, the income distribution was 5.00 sen per unit, Public Equity Fund (3.00 sen), Public Sector Select Fund (2.00 sen) and Public

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-65287057367368021662011-10-31T07:10:00.000+08:002011-10-31T07:10:52.144+08:00

OLYMPIA Industries Bhd recovered from the 19-month lows of 19.5 sen on Sept 26 to a high of 30 sen on Oct 19 before tripping into correction owing to an apparent profit-taking activity. During the consolidation period, this stock retraced back slightly to test the 100-day simple moving average line of 26.5 sen on Oct 25 before turning range-bound, which saw prices ending at flat at 27.5 sen

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-13806217303297914342011-10-31T06:43:00.002+08:002011-10-31T06:43:54.830+08:00

Tenaga Nasional Bhd (TNB) posted a net loss of RM453.9mil for the fourth quarter ended Aug 31 due to higher fuel costs, its second consecutive quarter of losses as widely expected by analysts. The company reported a net profit of RM555.2mil in the same corresponding period a year ago. Loss per share was 8.33 sen compared with earnings per share of 10.22 sen. Revenue, however, was 13% higher at

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-58499880684065222502011-10-28T06:50:00.001+08:002011-10-28T06:50:32.328+08:00

Yeoh Keat Seng is certainly no stranger to the local equities scene. As one of the earliest analysts in Malaysia, he has witnessed various boom-bust cycles in the last two decades. The former head of research at Merrill Lynch from 1996-2000, he later made his rounds in private banking and fund management. He was even a participant in the 2000-2001 dotcom bubble through his paid research

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-61504944995950696692011-10-28T06:47:00.002+08:002011-10-28T06:47:48.059+08:00

OSAKA: Nintendo Co Ltd said on Thursday it would make its first ever annual net loss this financial year, cutting earnings guidance for a second time as the soaring yen and weak software sales dealt fresh blows to the former games industry champion. The creator of the Super Mario franchise dominated the industry for years with its DS handheld games players and Wii home consoles, but is now

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-8580021637360716182011-10-28T06:45:00.002+08:002011-10-28T06:45:18.197+08:00

STOCKHOLM: Swedish telecom equipment maker Ericsson said yesterday it would sell its 50 per cent stake in mobile phone joint venture Sony Ericsson to Sony for e1.05 billion (RM5 billion) “Sony will acquire Ericsson’s 50 per cent stake in Sony Ericsson... making the mobile handset business a wholly-owned subsidiary of Sony,” Ericsson said in a statement. The Japanese-Swedish group was created in

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-4059278214675170632011-10-27T19:20:00.000+08:002011-10-27T19:20:23.000+08:00

Stamford College Bhd will be delisted from Bursa Malaysia after Bursa Securities rejected its application to extend further the deadline to submit its regularisation plan for approval. In a filing with the exchange, the company said its securities would be removed from Bursa Securities’ official list on Monday next week. Earlier this month, Stamford College made an application to extend the

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-36889727564693271922011-10-27T19:17:00.000+08:002011-10-27T19:17:10.368+08:00

DiGi.Com Bhd (Oct 19, RM31.76) Maintain buy at RM31.90 with target price of RM34: DiGi is expected to release its 3QFY11 results in the coming week. We are expecting 9MFY11 earnings to come in at 75% to 77% of our full-year estimates or RM846 million to RM868.5 million, translating into growth of 0.0% year-on-year for the nine months and 2.7% y-o-y for the full year. We are not worried by

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-79880114751070182242011-10-27T19:16:00.000+08:002011-10-27T19:16:43.949+08:00

Genting Malaysia Bhd (Oct 19, RM3.69) Maintain hold at RM3.50 with revised target price of RM3.72 (from RM3.70): Resorts World New York (RWNY) will open with more video lottery terminals (VLTs) and electronic table games (ETGs) than initially expected, offset by a higher-than-expected number of staff and capital expenditure. Therefore, our earnings estimates are relatively unchanged. We

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-32825141605518170832011-10-27T19:11:00.000+08:002011-10-27T19:11:13.560+08:00

CIMB Equities Research has a technical Buy on MULTI-PURPOSE HOLDINGS BHD [] at RM2.55 a share at which it is trading at a price-to-book value of 1.3 times. It said on Thursday, Oct 27 that MPHB’s share price broke out of its resistance trend line on Tuesday. Prices also tried to take out its 50-day SMA along the way. “We think the stock is ripe for a stronger rebound. If we are right, prices

Jim Chenghttp://www.blogger.com/profile/10599077470318661279noreply@blogger.com0tag:blogger.com,1999:blog-2785223255169349440.post-55105961014270075072011-10-27T06:57:00.001+08:002011-10-27T06:57:41.264+08:00

The annual Auditor-General’s report often reveals extravagant government spending that becomes a hot topic of discussion. The 2010 report is no exception. Below are a few examples of extravagance by various ministries and departments according to the AG’s report. •    The National Sports Council purchased 23 horses for RM5.66 million through negotiation without approval from the Finance

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