Wednesday, December 12, 2007
I even hear it from radio, the advertisement from AKPK to ask those in debts & facing financial problem to see them for solution.
This is good to lend a hand on those in debts problem, find a workable solution for them.
But this is not the best approach, because there are already trapped by the 'DEBTS', they are in sickness already.
The best approach is to educate the financial planning skill from the young age. Just start the financial education from school level ( primary or secondary school).
A lot of social problems can be avoided if they have some 'FQ'!
THE STAR NEWS
1,600 turn to Bank Negara’s AKPK unit every month
By RASHVINJEET S. BEDI
KUALA LUMPUR: Every month, more than 1,600 individuals turn to the Credit Counselling and Debt Management Agency (AKPK) to help them overcome their financial difficulties.
The number seeking help monthly has tripled since the agency was set up 18 months.
Of the number that receives counselling, more than 25%, or 430 individuals, sign up for the Debt Management Programme, through which AKPK helps them renegotiate their loan repayment schemes with financial institutions.
AKPK chief executive Mohamed Akwal Sultan believes that more people are finding themselves in financial trouble because of poor financial knowledge.
“The sample size is small and may not be a true reflection of the nation’s problem. It is likely to be a much bigger problem,” said Akwal, adding that more people were seeking AKPK’s expertise.
AKPK is a wholly-owned subsidiary of Bank Negara that provides financial counselling and debt-management services to individuals at no cost.
Last year, 6,837 individuals sought help from the agency. This number almost tripled to 20,853 individuals up to October this year.
“Many people come to us when they are no longer able to manage their debts,” said Akwal.
Most of those who approach AKPK come from the Klang Valley and are in their 30s and 40s.
“At this age, the cost of living goes up generally because people have commitments such as family and housing payments,” said Akwal.
Other reasons contribute to their financial problems, the main causes being loss of control over the use of credit cards and poor financial planning (see chart).
As of September this year, the total household debts stood at RM351bil, with the ratio of non-performing-loans at 7%.
A non-performing loan (NPL) one that is in default or close to being in default. Many loans become non-performing after being in default for three months, although this can depend on the contract terms.
“At a single digit, the debt in Malaysia is still manageable,” said Akwal.
“The statistics show that our household indebtedness to the banking sector in Malaysia remains within prudent levels at 52.1% of the GDP,” he added.
Credit card debts alone stood at RM21.6bil, with non-payment of credit card loans amounting to RM591mil, or at an NPL ratio of 2.7%.
“If you look at (the NPL for) credit cards alone, the percentage is small. It’s not a big problem,” said Akwal.
It is for this reason that Akwal would like to promote the use of credit cards if given the opportunity.
“The credit card is like a kitchen knife. It has many uses but if you are not careful, you can cut yourself,” he said.
DR AZAM, 28, had it all: two flashy cars, a beautiful home and a flourishing career. He wore expensive clothes and lived extravagantly on credit.
He renovated his mother’s home and decorated it with expensive Italian furniture. He took a loan for the renovation and bought another house.
Without realising it, Dr Azam owed creditors RM400,000 in housing loans, hire-purchase loans and credit card debts.
Stuck, he approached the AKPK for help. Being single and with his mother being the only dependant, Dr Azam was advised to sell his house. He moved in with his mother and sold one of his cars.
In the end, Dr Azam was able to save 45% of his monthly loan payment.
BEFORE the economic crisis of 1997, Allen was a sales manager earning a five-figure monthly salary, living a comfortable life. However, the economic downturn forced his employers to shut down operations in Malaysia.
At 43, it was hard for him to find a new job. To complicate matters, his wife has a medical condition.
Allen turned to loans and credit cards to fund his lifestyle. Soon enough, creditors began hunting him and threatening bankruptcy.
Suicidal, Allen turned to odd jobs, making less than RM1,000 a month. He skipped meals to ensure his wife had something to eat.
His wife changed his mind about suicide and suggested that he seek the help of AKPK.
Allen had RM200,000 in his EPF, although he could only withdraw the money at 55.
With a debt of RM130,000, AKPK advised him to consider bankruptcy as an option, so that he would be able to settle all his debts when he turns 55.
業績無驚喜 增長放緩 2007年11月1日
Saturday, December 08, 2007
FOR LONG TERM INVESTOR, HONG KONG IS THE BEST MARKET !
The announcement by China's leadership of a tougher economic policy for 2008 shows a new consensus that more has to be done to address risks of inflation and overheating in the nation's fast-growing economy.
The new position, which formalizes a policy shift already under way over the past couple of months, was announced yesterday at the close of the annual Central Economic Work Conference chaired by President Hu Jintao.
The rise in inflation, which this year was running at 4.4% through October, has become a major concern of the leadership and has apparently trumped any worries about a slowdown in the world economy.
Although policy makers have been expressing concerns about rapid growth in bank lending and corporate investment for some time, inflation brought new worries of eroding living standards and increased social tensions.
China's inflation has so far been confined mostly to food prices, but it is a definite concern. In October, for example, cooking oil cost 34% more than a year earlier. Policy makers say their goal is to prevent such price increases from spreading throughout the economy.
In order to achieve that, a 'tight' monetary policy will be followed for 2008, a rare and significant change in the official stance. Since the middle of this year, officials had characterized China's monetary policy as 'stable-to-tight,' which itself was somewhat tougher language than the previous standard of a 'stable' monetary policy.
The new policy was announced by the central bank and the main economic-planning agency, the National Development and Reform Commission, two bodies sometimes seen to be at odds.
What form next year's tighter policy could take is uncertain, but more direct controls of bank lending seem certain to be part of the mix. In recent weeks, the central bank has been rolling out a tougher supervision system to try to ensure that commercial banks next year will adhere to often-ignored lending quotas.
If inflation doesn't retreat, some further interest-rate increases are also possible. The benchmark deposit rate, at 3.87%, is below the rate of inflation -- meaning households are effectively losing money on bank savings.
Analysts say measures taken this year have been moderate and have done relatively little to restrain economic activity. Five increases in interest rates have barely kept up with accelerating inflation, thus the cost of borrowing didn't rise, or even declined, in real terms.
The central bank has also periodically ordered commercial banks to keep more money on reserve. But such increases in the so-called reserve-requirement ratio just kept up with the flow of cash into the economy from the country's large trade surplus, and so haven't seriously restricted the funds available for lending.
Indeed, economic growth accelerated to 11.5% for the first three quarters of this year, from 11.1% in 2006, and its momentum is powerful. Most analysts expect only a very moderate slowdown next year, even taking into account the weakening U.S. economy and tighter domestic policy. The State Information Center, a Chinese government think tank, this week forecast economic growth of 10.8% for 2008.
Many economists also expect China to allow its currency to strengthen at a faster pace next year, in part because a stronger currency helps combat inflation by making imports cheaper. The yuan has risen about 5.5% against the U.S. dollar this year, but the effect of that gain has so far been limited because the dollar itself has been sharply declining against other currencies.
Wednesday, November 28, 2007
Tongher testing strong support of RM3.36-40
Tongher has just announced its results for QE30/9/2007 . Its net profit declined by 38% q-o-q or 26% y-o-y to RM15.2 million while its turnover of RM139 million is slightly lower than that recorded in QE30/6/2007 but 58% higher than that reported in the same quarter last year. The poor performance was attributed to lower demand for its products, which coupled with higher raw material costs, has resulted in a drop in its profit margin.
The share price has dropped back since making its high of RM4.53 recorded on October 1st. The sharp price run-up in September & October preceded the bonus issue of 1:3, which went ex on October 16. Since then, the share price has corrected back about 22% (based on yesterday's closing price of RM3.52). In this morning session, the share price dropped 12 sen to close at RM3.40. This is very near the strong horizontal support of RM3.36-40 level, where a rebound may happen. If this support is violated, then the share price may test its uptrend line support at RM3.06-10 level. The uptrend line support could be a entry level for this very well-managed company.
Based on the last 4 quarters' EPS of 61 sen, Tongher is now trading at a trailing PE of 5-6 times. We do not know what's Tongher's future EPS will be, but assuming that it is 30% lower than the last 4 quarters' EPS, Tongher could be earning about 43 sen per share. Thus, at the price of RM3.40, it may be trading at a future PE of 8 times. Even at this adjusted earning, Tongher is still an attractive stock. Watch this stock closely.
TONGHER IS A LONG TERM GROWTH STOCK, TO ACCUMULATE ON DIP WHEN MARKET IN CORRECTION MODE IS A GOOD IDEA.
Saturday, November 24, 2007
百盛上季多賺45% 符預期 (明報) 11月 24日 星期六 05:05AM
Friday, November 23, 2007
Monday, November 19, 2007
MPSP BUILDING IN BANDAR PERDA. BUKIT MERTAJAM, PENANG.
Another good example of how public fund is wasted in constructing a high rise 'WHITE ELEPHANT'
Do we need a high rise building like this one for a small town district council ?
Sunday, November 18, 2007
Traffic jam in Penang Bridge, before Toll Plaza.
Traffic Jam in Penang Bridge, after Toll Plaza.
The above is the common scene in Penang Bridge, hundreds of cars stuck in traffic jam in Penang bridge, millions of dollar is wasted in petrol consumption. This is caused by the failure of Federal & State Government in providing an efficient Public Transport System in Penang.
Saturday, November 17, 2007
20 years ago, Penang is the leading state in Malaysia, it has the most beautiful beach of Batu Ferringi and tourism is doing go. Today, 20 years later, the tourism industry is dead as well as the dirty beach. Penang is lagging behind the other states in Malaysia.
Same goes to the Country -Malaysia.
Today, 20 years later, Tolls all over the KL, Traffic jams all over the badly maintained roads, all towns occupied by foreign workers ( Legal & illegal), quality of higher education deterioriate, lousy public services, bad securities etc....
Same goes to the stock exchange - Bursa Malaysia.
Today, 20 years later, all quality & the rich investors has gone to Hong Kong (Hang Seng), Singapore (The Strait Time), China ( Shanghai).
All popular unit trust funds now launch new funds for overseas markets.
Now even the small fish like me start to invest in HK & Singapore via OSK.
What you can see now the Bursa Malaysia has difficulty in attracting the retail & foreign investors, WHERE IS THE VOLUME !? ( Maybe KWSP will be the one to rescue Bursa)
Tuesday, November 13, 2007
The latest export statistic indicated that Malaysia export is not growing compare to last year. Wheres the other Asian Countries (South Korea, Singapore, Vietnam, Thailand, China ) has shown strong growth for the same period.
Our export will be very ugly if we exclude the Petrol & Palm Oil export.
ICAP say we are losing in competitiveness.
The outlook for Malaysia Economy is not optimistic anymore!
THEN what company we should invest in Malaysia ?
I will focus on those Company that have substantial oversea business, and proven tract record.
AND avoid those Company than only focus on Local Market.
Friday, November 02, 2007
But this time is different, US drop 366 point, share market everywhere drop 2-3%, we KLCI only drop 11 points or less than 1%. VERY IMPRESSIVE!
IS THIS A INDICATOR THE KLCI WILL RESUME BROAD BASE RALLY IN COMING WEEKS ?
I HOPE SO!
Monday, October 29, 2007
Even Malaysia has a lot of price control items, ie price was cap/controlled by Govt so to prevent the price of daily goods to go higher. BUT now we have seen the Govt has lose control on the price, all price has gone UP & UP.
What we have seen now, the increasing price trend, is not a short term trend, it probably will continue for the next 20 years.
The end results of this long boom is the wider gap between the rich & the poor. THE RICH become very rich, THE POOR become even poorer.
If you are a salary earner, and SALARY is your only source, you will soon find it barely enough to cover your daily expenses. THE HIGH COST OF LIVING WILL BECOME HIGHER EVERY YEAR.
THE ONLY SOLUTION TO THIS IS TO SAVE ENOUGH MONEY FROM YOUNG AGE. GROW YOUR SAVING BY INVESTING. (if not, it's highly chance you can't save any money after you have family with kids)
THEN YOU WILL BEAT " THE LONG BOOM"
Thursday, October 18, 2007
The price of LionD surged to 3.10 from 1.58 ex-price on 9th Oct after it split from Parkson.
The price went down thereafter for 6 consecutive days and closed 1.65 today.
It is scary to watch the selling pressure keep pushing down the price.
However, this is the right time to look at the value of LIONDIV.
LionD now is pure Steel counter, the main Biz is DRI plant next to Megasteel. As per TTB of Icap, the fair value for DRI alone worth RM3.00 (ie 10 x EPS of 0.30 per share)
LionD owned RM500 mil redeemable convertable loan stock of Parkson from the split exercise. This alone worth 1,000 mil (if convert to 125 mil parkson shares at Mkt price of RM8.00), equivalent to RM1.35 per shares.
LionD also owned certain % shares of Megasteel, LionInd.
AND it is CASH RICH after disposing certain % of Parkson China before the split exercise.
AND it is most likely to undertake an M&A exercise to restructuring again the Lion Group of company.(ie LionD, LionCor & LionInd)
At today closing of 1.65, it is undervalue & unbelievably CHEAP!
Wednesday, September 26, 2007
It's easy to get rich -- but it's mighty hard to stay that way.
Want a hefty retirement nest egg? With regular savings and reasonable investment returns, even ordinary investors can garner surprising wealth.
That wealth, however, probably won't last. The fact is, it is tough to keep a nest egg intact through a long retirement, let alone preserve it for multiple generations.
Most folks, of course, reach retirement with precious little saved. But if you are determined to accumulate wealth, it isn't inordinately difficult.
Suppose your income is $60,000 and you sock away 15% of your pretax income every year for 40 years. At retirement, you would have almost $900,000. This assumes a 4% annual investment return, which might seem modest, but I am also assuming 0% inflation.
To have a good shot at earning that sort of return, eschew the foolish pursuit of market-beating performance. Instead, sit quietly with a mix of low-expense stock- and bond-index funds. That way, you will capture the underlying markets' performance without losing much to investment costs.
In truth, if you sock away 15% of your income every year, you will likely end up with far more than $900,000. The reason: If you stash savings in your employer's 401(k) plan, you might snag a matching contribution, which could be worth 50 cents for every $1 you invest.
But easy as it is to amass wealth, it's hard to hang onto. At some point, you will retire -- and that's when the math turns ugly.
Let's say you quit the work force with enough cash to cover your first year's expenses, plus you also have $1 million in stocks and bonds. You reckon your investments will clock 7% a year, while inflation runs at 3%.
That first year, your portfolio would grow to $1,070,000. If you then withdrew $40,000 to cover your second year's expenses, that would leave your portfolio up 3% at $1,030,000. In year two, you would earn 7% on that $1,030,000. That means you could withdraw $41,200 at the end of the second year -- a 3% increase from the prior year -- and still have a portfolio worth 3% more, or $1,060,900.
Result? It seems like you've achieved a neat trick. Both your portfolio and the income it generates are keeping pace with inflation.
Yet this trick isn't as neat as it seems. You can't be sure you will earn a steady 7% or that inflation will hold at 3%. Moreover, investment costs will eat into your performance and then taxes will take a bite out of whatever remains.
Maybe more important, the whole strategy overlooks a fundamental problem: Even if you could collect a stream of income that rises with inflation and even if you could maintain your portfolio's inflation-adjusted value, you aren't holding your own. Instead, you are falling behind.
How so? While the cost of living may rise with inflation, the general standard of living rises somewhat faster, as a growing economy drives up salaries, wages and other sources of personal income. Typically, incomes climb roughly two percentage points a year faster than inflation, so that if inflation runs at 3%, the general standard of living might rise 5%.
Suppose, once again, that your investments notch 7% a year. If you want both your $1 million portfolio's value and the income it generates to match the general standard of living's 5% annual increase, you would need to limit your first withdrawal to a mere $20,000.
What if you spent more freely? If you withdrew $50,000 at the end of the first year and thereafter increased annual spending at 5%, so your lifestyle kept pace with the general population, you would have a wonderful 26 years.
And then you would be broke.
Fortunately, for most retirees, that dreaded moment never arrives, because they are more cautious with their spending, so their money lasts longer than they do. In all this, there are three key lessons.
If you are retired and you feel like you aren't keeping up with the Joneses, there's a reason: You probably aren't. Even if your income is increasing with inflation, you are still falling behind most other folks.
This slippage likely won't seem like a big deal, except for those who take early retirement. If you quit the work force in your 50s, you might spend four decades in retirement -- and your standard of living could start to seem distinctly inferior.
Even if the estate tax disappeared, family fortunes will always be difficult to preserve.
If the beneficiaries try to live off the family's wealth, that wealth and the income it generates won't grow along with the general standard of living unless family members are content to spend only those gains in excess of the national growth in personal incomes. That's unlikely to happen unless the family fortune is huge or the beneficiaries are awfully parsimonious.
This highlights how valuable our 'human capital' -- our ability to earn income -- really is. While we are collecting a paycheck, our standard of living should climb as the economy expands. Once we retire, keeping up becomes far tougher -- unless we're willing to spend down our savings.
Tuesday, September 25, 2007
The Melaka State Govt is elected by it's people in Melaka, It's the state Govt's duty to implement policies that benefited it's people, to take care of it's people welfare, to encourage investment in Melaka so that the Melaka people can live a better life in the State.
But what we have seen now is how the Melaka Govt destroyed the Pig Farming Industry that owned by their peoples who have growing the business in their own land for years or decades.
This is an industry that have supported many families and also contributing to the Melaka economy.
A responsible Govt will not destroy it in the name of pollutions, if it did cause pollutions or some environmental issues, it's the responsibility or duties of the Govt to come up with solutions & support to help the Pig farmer to modernize their farms, the Govt can give soft loans ( low interest rate loan) to the pig farmer to help them modernize the farm, the Govt also can allocate a land to centralise the pig farming industry so that the pollutions can be minimize and contained.
Then only revoke the license for those who refuse to modernize their farms.
The act of existing Melaka Govt now is totally irresponsible and do not act for the welfare of the Melaka peoples. They only destroy the people's biz and hope. They are destroying Malaysia's future.
Monday, September 24, 2007
The BN has been in power for long time, years after years, and yet the Malaysia's economy, security, quality of educations, has been deteriorated.
What would it like for Malaysia 20 years later if no changes in Govt?
Can we undo all this corruption, wastage if BN continue with their power ?
Tuesday, June 26, 2007
Friday, June 22, 2007
Wednesday, June 20, 2007
It's good to see the market come alive again.
I am of the opinion that to profit from shares investment, we need 'value investing' and don't try to speculate.
Just try to understand the economy data, company's biz prospect, keep on learning the investment knowledge from all the successful investor.
It is normal for shares price to go up & come down.
Identify a good profitable company, preferable with high growth business model, BUY it when the price has drop to attractive level. SELL it only when the price has gone up to irresistible level.
You will be a successful investor when you understand the intrinsic value of a company, and take advantage of Mr. Market's irrational behaviour.
Friday, June 15, 2007
Robert W. Baird & Co.的首席投資策略師布魯斯•比特爾斯(Bruce Bittles)說﹐美國經濟看來已經高速擺脫了第一季度時的低迷狀況。但也許更重要的是﹐收益率是由全球範圍內利率的上升而推動的。
Ritholtz Research & Analytics的首席市場策略師巴里•里薩茲(Barry Ritholtz)說﹐隨著高利率開始產生影響﹐消費必需品等防御類股將在經濟走緩時表現良好﹐大型製藥和醫療保健類公司已經在利率上升和經濟走緩的背景 下表現得更加出色。與此同時﹐非消費必需品類股會受到打擊﹐因為高利率將降低家庭支出。他們將不再購買可有可無的商品。如果出現這種情況﹐沃爾瑪(Wal -Mart Stores Inc.)等公司將面臨不利局面﹐而寶潔公司(Procter & Gamble Co., 又名:寶鹼公司)的表現會更好。
紐約數據研究公司RiskMetrics研究了利率上調0.5個百分點對標準普爾500指數的影響。該公 司發現﹐在利率因通貨膨脹擔憂而走高的環境下﹐材料和能源類股可能表現不俗。基於過去12個月來的股價﹐包括化學品、紙張和玻璃製造商在內的材料類股的平 均漲幅略高於1%﹐而能源類股則上漲了2.4%。
不過﹐還應看到﹐如果利率上升是因為經濟增長強於人們預期而造成的﹐國債市場的走勢可能 受到通貨膨脹正在加劇的心理影響﹐非消費必需品類股也會表現不錯。實際上﹐經濟走強意味著消費品公司的利潤可能會繼續大幅增加。而且﹐高利率還會給這些公 司帶來額外的提振﹐因為他們創造的正現金流的利息也增加了。
這種情況令許多投資策略師認為﹐此次的利率上升與以往常常看到的結果不同。 Vantagepoint Investment Advisors LLC首席投資長韋恩•威克(Wayne Wicker)說﹐我認為這不會導致通貨膨脹﹔這是對經濟增長高於人們預料的普遍認識。
在這種情況下﹐一些應對利率上升的傳統思路可能已 經過時了。Wells Capital Management的首席投資策略師詹姆斯•鮑爾森(James Paulsen)以零售商為例稱﹐三週前情況似乎還很糟糕﹐但現在已經不是這樣了。他認為美國國債的走勢是由於經濟增長﹐而非通貨膨脹。消費品製造商過去 一般被視為是利率走高時的避險天堂﹐但這次它們可能不能從經濟增長加速以及收益增長中獲得那麼多好處了。
如 果利率是因為投資者相信經濟走強而上升的﹐那麼非消費必需品和科技等週期性行業將會受益﹐原因在於它們通常會受到個人和企業支出增加的推動。 Tiffany & Co.等奢侈品零售商和家用科技產品巨頭蘋果公司(Apple Inc.)就屬於這一類﹐另外還有醫療技術公司和電信公司。
紐約銀行(Bank of New York)首席外匯策略師邁克爾•沃爾福克(Michael Woolfolk)說﹐隨著債券價格的下跌﹐高風險高收益類型的投資將從利率走高中受益。在這種環境下那斯達克市場將有出色表現。
如 果國債收益率的上升是由於強於預期的經濟增長推動的﹐那麼利率的上升最終可能會給最初從中受益的股票帶來下行壓力。Wells Capital Management的鮑爾森說﹐目前﹐經濟強勁增長導致利率升高這一事實對消費者有利。但他說﹐從現在開始的9個月到1年內﹐高利率可能就會阻礙經濟增 長﹐消費支出也會趨於下降。
Karen Richardson / David Reilly
例 如﹐托馬斯•羅•普來斯(Thomas Rowe Price Jr.)創建的同名公司1969年推出了T. Rowe Price New Era基金。普來斯預計將發生嚴重的通貨膨脹﹐他認為自然資源公司將可以起到有效的防範作用。果不其然﹐20世紀70年代的物價暴漲使T. Rowe Price New Era基金贏得了142%的累計回報率﹐相比之下標準普爾指數只有77%的漲幅﹐通貨膨脹率也只有104%。
新澤西州Old Tappan財務規劃師馬克•威洛比(Mark Willoughby)表示﹐投資資源類公司的股票還是會承擔股市的風險﹔要想分散風險﹐應該投資商品。
加 里•戈頓(Gary Gorton)和基爾特•魯文荷斯(K. Geert Rouwenhorst)在《金融分析師期刊》(Financial Analysts Journal)發表文章稱﹐從歷史上看﹐這種投資組合的回報模式完全不同於股票和債券﹐但其長期回報率卻可同標準普爾500的回報率媲美。
商 品基金避稅效果不好﹐報稅還容易生出枝節。Barclays Global Investors認為﹐他們在紐約證交所交易的iPath Exchange Traded Notes是解決這個問題的好辦法。買Barclays Global Investors的這種產品可以獲得延遲交稅的好處。但是美國國稅局(Internal Revenue Service)可能不會認同Barclays的稅務解釋。
威洛比建議﹐把商品基金放到一個退休帳戶是最安全的辦法。他推薦了Pimco CommodityRealReturn和Oppenheimer Commodity。
貴金屬。 對這些新生基金不放心嗎？《四大投資支柱》(The Four Pillars of Investing)的作者威廉•伯恩斯坦(William Bernstein)指出﹐最好的投資對象是老式黃金-股票基金﹐例如American Century Global Gold。
你也可以不購買貴金屬類股基金﹐而是通過購買iShares Silver和streetTracks Gold等上市交易基金投資貴金屬。
（編者按﹕本文作者Jonathan Clements是《華爾街日報》個人理財專欄“Getting Going”的專欄作家）
Tuesday, June 12, 2007
韓圓升值迫使韓國公司上調產品價格或降低利潤率。過去兩年中﹐三星電子(Samsung Electronics Co.)和現代汽車(Hyundai Motor Co.)等韓國主要製造商都遇到了價格競爭力下降、經營利潤暴跌以及股價下挫等問題。
例 如﹐如果一家造船商接到了一筆價值1億美元、2010年交貨的訂單﹐它目前可能只能從買家得到1,000萬美元的預付款﹐那麼他就需要對剩餘9,000萬 美元可能遇到的匯率風險進行對沖。它會向一家銀行保證﹐如果這家銀行2010年時會付給它834億韓圓(目前折合9,000萬美元)﹐那麼它屆時就會付給 這家銀行9,000萬美元。這家銀行接到這筆生意後就會到外匯市場購買834億韓圓﹐然後將其存入專為這家造船商開立的一個帳戶。
銀行這 一購買韓圓的行為增加了市場對韓圓的需求﹐從而推高了韓圓匯率。而韓圓的不斷升值反過來又增強了造船商對其未來收入進行套期保值的意願。三星經濟研究院 (Samsung Economic Research Institute)駐首爾的經濟學家Hong Sun-young說﹐這就形成了一種惡性循環﹐對韓圓今後將會升值的預期導致了韓圓升值。但他並沒有指責那些造船商﹐稱它們的套期保值行為是非常合理 的。
韓 圓的升值對韓國其他出口商而言是個壞消息。比如﹐現代汽車去年的淨利潤下降了35%﹐主要原因就是在歐美市場的歐元和美元銷售收入兌換為韓圓後出現了縮 水。此外﹐由於日圓兌美元和歐元走低﹐面對豐田汽車(Toyota Motor Corp.)和本田汽車(Honda Motor Co.)等在海外消費者中享有更高品牌認知度的日本競爭對手的壓力﹐現代汽車一直無法提高價格。現代汽車的發言人表示﹐公司將重點開展營銷活動﹐以提高品 牌形象。
韓 圓在2004年第四季度開始大幅上揚﹐當時韓國央行停止了長期以來為保持韓圓穩定而進行的干預行為。隨著韓圓波動性的加劇﹐造船商逐步增加了對沖活動。央 行的數據顯示﹐2005年﹐以造船商為主的韓國出口商共對沖了292億美元。當年韓圓對美元的年平均匯率上升了10.5%。去年﹐對沖額增加約70%﹐達 到了493億美元﹐韓圓對美元的年平均匯率又上升了6.7%。
造船商在對沖時並不披露具體事項。但上個月﹐全球最大的造船企業現代重工業 股份有限公司(Hyundai Heavy Industries Co.)共獲得了創紀錄的33億美元的訂單, 將在2010年和2011年交付33艘船只。上月初﹐韓圓升至922韓圓兌1美元的今年最高水平。目前的匯率水平為1美元兌931韓圓。
Monday, June 11, 2007
Today's buyer should know that they are buying shares of a Company that have a -ve shareholder's fund. (see above table attached in Megan's latest announcement)
The worst thing is that we are still in the dark and know nothing about Megan actual value at this moment.
The buyer who bought Megan today with the hope of getting higher price tomorrow should know well that they are merely speculating, treat BSKL as Casino online.
Why take high risk that does not come with good returns for Megan.
Sunday, June 10, 2007
You may notice i have created a link ' SS investing collection' at the right of my blog 3 weeks ago. This is where I uploaded & store the good articles, the paper cutting of my stock and the headline news.
I have just uploaded another good article written by Mr. Fong Si Ling today. For those who can't read Chinese, I summarise it as below:-
1) Being a retail investor in BSKL, we must analyse every incidence happening now, learn from mistake, try to reduce mistake.
2) Transmile's scandal teach us that being a retail investor, it's difficult to obtain all info or understand fully on what is happening on listed company. In Malaysia, it's not advisable to apply investment strategy that only focus on a few company.
3) It's also not advisable to diversify into too many company, Fong suggesting a RM1.0 mil portfolio, should invest in not less than 15 company.
4) Do not just rely on analyst recommendation, must read more company analysis report for references.
5) Do not buy stock at a price that already factor in the future projected earning. It's more pragmatic to buy at fair price or below fair price for high quality stock.
Friday, June 01, 2007
Transmile was one of the 'darling stock' before, it was the so call 'Super Brand' in Bursa Malaysia.
The share price in the last 1 year has maintained at the region of RM12-RM14. A lot of investor ( retail & institution, local & foreign) has been attracted by it's good financial results, but I believe most of them bought the shares only because 1) Robert Kuok & Foreign Investor has a stage in it 2) Strong publication and successful image projection by mass media.
Those who bought in the shares in last 1 year at around RM12-RM14 will suffer losses of nearly 50% as at today closing of RM6.00
The investment philosophy of Benjamin Graham has once again prove to us it is still relevant in this century.
It's concept of 'Value Investing' and 'Margin of Safety' must be adhere to by all 'investor'. You will not getting quick profits from practicing this concept, but you certainly will get a handsome rewards in the long term.
And the most important one is you will avoid from making 'buy decision' chasing Transmile at RM12.
Another lesson is do not make investment decision only based on news in the mass media. The Big Sharks & Crocodiles are smart in using mass media to promote for them. ( this is why I use I-Capital for independent analysis)
Thursday, May 31, 2007
The market has undergo correction, some call it base building, Muiind has come down below 30 cent due to weak sentimen and fear of China Correction. I added 5,000 Muiind at 0.295.
China has started it's long overdue correction on 30/5/07. More volatile expected in China Market. Our BSKL has lost it's momentum, although the Index has not gone down much, but most of the counter esp 2nd & 3rd liner has come down to more attractive level.
For Value Investor, maybe this is the right time to accumulate ( slowly by stages) some good counter.
For me ? I will focus on Liondiv, Lionind, Muiimd, Ornasteel & TongHerr.
(IF THEY DROP TO MY TARGET PRICE )
Wednesday, May 30, 2007
這一最新消息對紐約股市週二後市的交易構成了 影響﹐紐約銀行(Bank of New York)中國企業美國存託憑證指數下跌1.5%﹐至361.82點﹐但該跌勢並不足以抵消美國股市中亞洲其他股票走強影響﹐紐約銀行亞洲分類指數仍上漲 0.3%。與此同時﹐紐約銀行新興市場美國存託憑證指數下跌0.4%。
RBC Greenwich Capital國際策略主管Alan Ruskin在研究報告中指出﹐與口頭警告相比﹐中國政府的稅率政策調整當然更具有建設性。在當前貨幣政策受到匯率因素制約的情況下﹐稅率政策是中國政府可以利用的為數不多的傳統政策工具之一。
Babson Capital Management駐哥倫比亞特區的新興市場股票組合經理Babak Minovi表示﹐他正在搜集有關中國上調證券交易印花稅稅率的細節信息﹐並補充說﹐儘管投資者在等待中國政府進一步採取緊縮性措施﹐並繼續推出既不會導 致股市崩盤又能夠給股市降溫的舉措﹐然而最新上調印花稅稅率的舉措仍有些出乎意料。
美國聯邦儲備委員會(Federal Reserve, 簡稱Fed)前主席格林斯潘(Alan Greenspan)最近對中國股市強勁上漲發出了警告﹐他表示﹐中國股市近來的表現顯然不可持續。
RBC Greenwich Capital的Ruskin表示﹐中國政府逐步推出抑制股市投機活動的措施﹐旨在避免股市硬著陸。
Isabelle Lindenmayer / Wailin Wong
Thursday, May 24, 2007
編 撰全球股市每日通訊Gartman Letter的丹尼斯•加特曼(Dennis Gartman)說﹐從七十年代在棉花期貨交易所做交易開始﹐至今數十年的痛苦經歷讓他領悟到了上面這一點。這中間發生了很多插曲﹐既有在國債交易所操盤 時在一筆交易中擊敗來自太平洋投資管理公司(Pimco)交易對手的顯赫戰績（那是在八十年代初）﹐也有數年交易積累的利潤轉眼間煙消雲散的慘痛時刻。不 過﹐眼下他坐在這裡回憶這一切時卻很輕鬆。
如何走出象牙塔後、在現實世界求得生存﹐加特曼總結出了他所謂的“貌似簡單的交易法則” (Not-So-Simple Rules of Trading)。其中有些法則與市場普遍接受的看法大相徑庭。學院派總說﹐長期而言﹐起作用的還是基本面﹔不過就短期來說﹐市場毫無理性和效率可言。
但 加特曼斷言﹐實際上﹐女裝店的老板比大多數學者更瞭解市場。假設他同時進了紅色和綠色的服裝﹐紅色的賣得好﹐綠色的賣不動﹐他該怎麼做﹖他會提高紅色服裝 的售價、進更多的貨﹐同時把綠色的服裝降價﹐以便儘快脫手。加特曼說﹐這是很自然的邏輯﹐但現實生活中股票交易員們卻經常反其道而行。
Wednesday, May 23, 2007
政 府為股市開出的各種退燒藥眼下都沒能奏效﹔而政府各級官員和市場專家對股市風險一再發出的警告只是投資者的耳旁風﹐而且煽得股市之火反而燒得更旺了﹐衡量 中國股市的CSI300指數在不到5個月的時間裡瘋狂上漲了85%。如今﹐每天的新開戶數超過25萬﹐而這僅僅才是一個開始。從本質上說﹐多數新股民都好 似一群賭徒﹐他們把股市看作一個充滿遊戲與運氣的棒球聯盟。
中 國股市一旦遭遇“高台跳水”﹐就有可能殃及北美和歐洲股市──美國投資者似乎對這一點尚未充分認識﹐甚至根本就忽略了。我希望對沖基金和其他同意這一觀點 的投資者在建倉時就已為中國股市可能出現崩盤做好了應對準備﹐尤其是對與消費者息息相關的類股﹐譬如寶潔公司(Procter & Gamble Co.)和百勝餐飲(YUM Brands)﹐因為國內股市下滑將令消費者支出突然減少﹐從而可能影響到這類公司的表現。
Thursday, May 17, 2007
In view of the uncertainties and fear of China Crash, it's good being a Small Fish, at least the small fish is flexible enough to just disposed off some of the shares easily ( can be 80-90%), walk away & sidelined for a period, enjoying the show from Shanghai.
It's not so lucky for Big Sharks, because they can't just sell and walk away. Any selling from them will cause the price drop heavily due to thin market volume. They have to take weeks to reduce their equity holding and praying Shanghai don't crash tomorrow.
An intelligent Small Fish is not necessary weak than Big Sharks if not better!
Increase the Muiind from 12,000 to 22,000 shares.
Noted their proposed purchase of Metrojaya has got all the authorities approval, the deal should be completed soon which will see Muiind earning to improved in near future.
Wednesday, May 16, 2007
In view of the uncertainties in the immediate term, I have disposed 2,000 Lionind at 1.98 and 3,000 Ornasteel at 1.46.
This has increase my cash to 34% and waiting for the right time to re-enter the market at lower price.
Saturday, May 12, 2007
The issue is not whether it's bumi or non-bumi, but to make Malaysia a better country we must make ALL decision on ' MERIT' not race, not religion.
For those not aware of this issue, below are the news:-
The extracted from The Star dated 9/5/2007.
MCA: Maybank move discriminatory
KUALA LUMPUR: Maybank has come under fire from MCA vice-president Datuk Seri Chua Soi Lek for its requirement to law firms that it must have at least three bumiputra partners, one of whom must have a 50% stake, before these firms can do any business with the bank.
Describing the move as discriminatory, he said many Malaysians had expressed their disappointment with the bank for its decision.
“On one hand, we are talking about racial integration but on the other hand, we are adopting such positions which are racial in nature,” he said.
Dr Chua, who is the Health Minister, questioned the existence of such a ruling, adding how Malaysia could compete globally if a government-linked company like Maybank still adopted such a position.
Deputy Finance Minister Datuk Dr Ng Yen Yen also questioned the bank’s move as firms that provided the best professional services should be the criteria for selection.
“We should learn to be more competitive because we are liberalising our financial services. What Maybank is doing is not in sync with what the Government is doing,” the Wanita MCA chief said.
Dr Ng said the move taken by Maybank may be an internal decision but she said the Wanita MCA regretted the action as it had no legal basis and was certainly not in line with the spirit of the Federal Constitution. Another unnamed bank was also reportedly to have made a similar decision.
She said Maybank was dealing with lawyers who were professionals and ethnic composition should not be an issue, adding that law firms should be judged on their abilities.
MCA Youth chief Datuk Liow Tiong Lai urged Datuk Seri Abdullah Ahmad Badawi to intervene as the requirement was discriminatory, adding that the bank should withdraw the ruling immediately.
He hoped Abdullah, who is the Finance Minister, would step in to resolve the issue, adding that MCA Youth was disappointed with the decision as it would tarnish the image of Malaysian companies.
The Associated Chinese Chambers of Commerce and Industry also criticised the move, saying it prevented businesses from operating freely; while Bar Council chairman Ambiga Sreenevasan said all lawyers should be judged on their merit and that the council would be writing to Bank Negara on the matter.
Friday, May 11, 2007
I have bought Megan last month (Apr) after my friend told me that it's 'Insider' tips. I did some check and find out it has high EPS and low PE. It appears cheap and I bought 20 lots the next day at 0.68.
Few days later I discovered that Megan is in huge debts position due to heavy investment in Plant and Machinery and the nature of it's biz need reinvestment every few years due to changes in technology. I feel uneasy over my investment in Megan because of the high gearing and it's biz model that always required huge reinvestment.
I decided to dispose it after 2 weeks of holding at 0.65 ( at a loss of 0.03 per share) because I recall the principle for 'Intelligent Investor' : Don't even hold a stock for ten minutes unless you are willing to own it for 10 years.
Look at Megan price today of 0.435 (she has defaulted RM47 mil bank loan & owing RM888 mil debts), This incident has reinforce my believe in 'Value Investing'
If you are interested in 'Value Investing' & wanted to be an 'Intelligent Investor', the following are some of the rules:-
1) When you invest in a stock, you are buy a biz, not a stock. Understand the biz.
2) Demand a Margin of Safety.
3) The Rule#1 is don't lose money.
4) Take advantage on the moody Mr. Market.
Thursday, May 10, 2007
渣 打銀行(Standard Chartered Bank)經濟學家王志浩(Stephen Green)稱﹐除非中國政府採取措施抑制股指進一步攀升﹐否則考慮到目前市場流動性充裕、上行動能強勁以及收益消息不斷湧現﹐上證綜合指數在未來一、兩 個月內將上探5,000點。
《上海證券報》週三還援引中國人民大學(Renmin University)金融與證券研究所(Finance and Securities Research Institute)所長吳曉求的話稱﹐中國股市存在結構性泡沫﹐某些資產的價格存在高估。
大型藍籌股中國工商銀行(Industrial & Commercial Bank of China)漲5.5%﹐至人民幣5.78元﹔中國銀行(Bank of China)漲7.8%﹐至人民幣6.10元。
寶鋼股份(Baoshan Iron & Steel)漲4.7%﹐至人民幣11.98元﹔長江電力(China Yangtze Power)漲2.9%﹐至人民幣15.04元。
分 析師們稱﹐投資者出於套利目的可能在中國首只股指期貨推出前繼續買入大型股。中國政府一再表示希望大力發展金融市場﹐引進股指期貨可能是其中方式之一。中 國證券監督管理委員會(China Securities Regulatory Commission)副主席范福春3月份曾對記者表示﹐希望在今年上半年推出股指期貨。
亞太其他股市方面﹐東京股市收盤走高﹐航運及金融類股上漲﹔不過﹐在豐田汽車公司(Toyota Motor Corp.)盤後公佈財政年度業績前﹐許多投資者都不敢輕舉妄動。日經指數收盤漲0.5%﹐至17748.12點。該指數週二下挫12.99點。
香 港股市收盤上揚﹐受亞洲其他股市的強勁表現以及上海證交所再創收盤新高共同提振。交易員預計﹐近期內恆生指數將波動於20,500至20,800點﹐因市 場均對中國大陸可能進一步推出緊縮政策而感到擔憂。但交易員表示﹐由於市場中流動性充裕﹐中期內指數有望延續漲勢。藍籌恆生指數收盤上漲138.43點﹐ 至20,844.78點﹐漲幅0.67%。
收購傳聞推動澳大利亞股市升至歷史新高﹔據稱﹐力拓(Rio Tinto)拒絕了必和必拓(BHP)提出的每股110澳元的收購提議﹐這一消息提振了兩家公司股價。此外﹐儘管聯邦預算中的稅收和支出大幅下降﹐但市場 認為﹐擴張性的聯邦預算也對股市產生了有利影響。基準S&P/ASX 200指數收盤漲36.6點﹐至6341.0點﹐漲幅0.6%﹐盤中曾創下6382.7點歷史高位。
新加坡股市收盤走高﹐交易商表示﹐主 要受地產類股走高、華僑銀行(OCBC)第一季度收益增長一倍提振。標準普爾(Standard & Poor)證券部門將海峽時報指數年底目標從3,100點上調至4,100點﹐並將新加坡股市評級從與市場一致上調至增持﹔這也給股市帶來了提振。海峽時 報指數收盤上漲13.51點﹐至3452.72點﹐漲幅0.4%。
Friday, May 04, 2007
KLSE CI has break up to all time high of 1363 point today. Wow!
But the China's correction is expected to happen soon.
Greed Vs Fear !
It's wiser to heed the warning signal from China, even though we are bullish over the longer term for Malaysia.
If your stock continue to surge in coming weeks, take profits is a better choice.
If your stock is already in correction mode, then sideline and do nothing.
The best strategy now is to wait patiently for the China's market correction, get ready your cash to buy/ accumulate your targeted stock at lower price if there is panic selling in Bursa Malaysia cause by the China factor.
Thursday, May 03, 2007
Monday, April 30, 2007
The Lionind has perform better & faster that I expected.
The KLSE is in correction mode amid fear of sharp correction on China Stock Market.
Since most of the local investors appear getting ready for the China correction, the possible impact on local market will be minimal. (hopefully)
Monday, April 23, 2007
My two major shares investment are Lionind & Muiind.
Lionind has surge to 1.95 on 23/4/07. If you have done your homework, you should notice that Lionind is a major shareholder of Liondiv, holding around 23.9% of Liondiv. It has biz in Properties & Steel also. If you are optimistic on Retail, Properties & Steel Industry, We should not underestimate the future prospect of Lionind. Is this the reason why Liondiv has increase their investment in Lionind in recent weeks?
My friend asked why I'm so positive on Muiind.
I always like to compare Muiind with Warrant ( others company's warrant).
It's not difficult to find warrants that market price are above 0.30, which is higher than the existing price for Muiind.
We all know that most 'warrant' is worthless if their exercise price + warrant's cost is more than the mother's market price. But a lot the warrant still more expensive than Muiind despite Muiind has assets & some good profit making biz.
It has incurred losses for the past quarters, but it's improving. The confidence will return if Muiind recover and making profits again in coming qtr.
We see it now as half empty, but you will see it as half full in near future. Just like the Bursa Malaysia.
Sunday, April 22, 2007
A) If buy 1000 ACB at 1.54 = RM1,540. you get 250 Parkson shares after capital reduction of 4 to 1.
B) If you use RM1,540 to buy Liondiv at 8.55, you get 180 Liondiv shares. plus another 234 Parkson shares after the demerger exercise completed.
Same amount of money (1,540), in situation of A, you only have 250 Parkson shares.
In situation of B, you will get 180 liondiv shares + 234 Parkson shares.
Which one you will choose ? Don't forget the risk involve for ACB, because it's still a company without core biz now, if the demerger exercise fail, you get nothing !
Today newspaper highlighted that more young people are using credit card as source of finance, they overspend and the amount owing to credit card company are increasing. thus there are higher number of young people are bankrupt due to credit card debts.
The above phenomena actually is a result from our existing outdated education system which totally ignore the education on finance (esp personal finance). The end results is the Country produce a lot of young people with/without excellent academic results but mostly weak in managing own finance.
ALL WE SEE & WATCH IN MASS MEDIA IS TO TELL YOU TO SPEND, SPEND & SPEND.
DO YOU NOTICE ANY INFO TO ASK U SAVE & INVEST? ALMOST NONE !
The Govt need to revamp the entire education system by introducing Financial Planning & Investment subjects in school. The current education system only teach the student on subjects like language, maths, science, history, Geography. Why no Financial Planing & Investment? This is so important and it affects our life because we all dealing in 'Cash & Money'.
Saturday, April 21, 2007
Friday, April 20, 2007
Monday, April 16, 2007
While we cheer for this, we should not be over optimistic.
A pull back is likely to happen very soon, do not chase hot stock!
BE CAUTION !!!!
Thursday, April 05, 2007
I still remember this; My friend asked my opinion when mkt dip in end Feb, she said her friend's remisier advise them to sell 'ALL' shares they owned. This particular remisier had also advise the same thing when mkt down on Thai capital control event.
Now the market has move upward again which has almost come back to the level before the Feb correction, just 10 points below the previous peak of 1280+.
A professional & responsible remisier should be able to provide better advise than 'SELL ALL' during market correction !
I really sad for those who dump their shares at the bottom price when the market dip in Feb correction.
Sunday, April 01, 2007
Even Lionind latest price at 1.60, it's still under value. It's NTA as at 31/12/06 is 3.11, it's EPS for latest half year is 0.23. It's earning is improving, we will see a big jump in it's NTA after the demerger excersice by Liondiv in mid 2007.
The financial performance for Ornasteel is good. EPS for year ended 31/12/06 is 0.19, NTA is 1.68. Dividend for year 2006 is 10 sen per share.
I'm bullish for Ornasteel and extremely bullish for Lionind.
Monday, March 26, 2007
Now the economist and financial people even predicted that we are in the century of 'Long Boom', this simply means that prices for all assets classes will go up in a faster pace in for a long period.
If you are under employment and earned less than 2,000 a month.
If you do not save a fix amount from your monthly income.
If you have no property or investment fund.
How are you going to enjoy good quality of life under the pressure of inflation.
Saturday, March 24, 2007
Tuesday, March 20, 2007
Tuesday, March 13, 2007
From 6/3/07 to 12/3/07, she has bt a total of 8.0 million shares. (refer BSKL announcement)
What is the intention ??
To support the shares price or another restructuring in the pipeline ?????????????
Thursday, March 08, 2007
This correction tell me 2 things:-
1) Bursa Malaysia is closely link to the world markets, the market sentiment and up & down will be affected by the regional market's volatility. Hence, a serious investor must be able to observe the regional markets performance.
Actually, the world index (ie NYSE, HangSeng, Nikkie, STI) has already shown weakness months before the currect correction.
2) The weak characters of our local market investors
Malaysia's investor or the retail investor tend to 'throw everything out from the window' when the market undergo correction, they sell everything base on fear & emotion rather than fundamental. This also explain why our mkt drop the most in this round of correction if compare to the others regional markets.
Wednesday, February 28, 2007
Thursday, February 22, 2007
I Capital in it's latest weekly issue raise the medium/ long term KLCI target to 2,000 point. WOW!
Maybe the best strategy is to buy a few good stock & keep it. Don't sell it so easily unless the price is irresistible. Why ? Because it's LONG TERM BULLISH!
Thursday, February 15, 2007
Wednesday, February 14, 2007
We see more counters has surpass recent height, more & more counter has cross RM1.00 in recent rally. But there are a lot of counters still below RM1.00 or below RM0.50.
Are those below 0.50 is cheap or those above 5.00 is expensive ?
Do you chase those cheap shares blindly in this 'hot-hot' market?
The concept of ' Value Investing', 'Mr.Market' & ' Margin of Safety' will help in answering above questions. You can find it in any books on Warren Buffett's investment philosophy.
Go read it now, you will be able to made good investment decision once you really understand the concept of VALUE INVESTING, MR. MARKET & MARGIN OF SAFETY.
Now the market attention has shifted to 'cheap stock', I find 'Muiind'(0.27) very attractive, it has the biz and possess many assets, it has recover from worse to better, the rewards will be fantastic if the company can give good results in the following years.
Friday, February 02, 2007
Monday, January 29, 2007
Today KLCI has resume its upward trend led by ‘Blue Chip’(1177.53), the investor may not want to left out from this rally, yet remain cautious due to fear of imminent correction.
The value investor may consider to accumulate the following ‘undervalue stock’ which downside risk is considered limited to me:-
1. Petronas Dagangan(5.20)
3. Airasia(1.45)Again, if you have lower risk appetite, it will be better to wait for another 5%-10% discount at current price.
Wednesday, January 17, 2007
Disposed 6500 Ornasteel @ 1.25 ( RM8,075),
Bought 5000 LionInd @ 1.09 ( - RM5,500 ).
Tuesday, January 02, 2007
Bad news for Silverstone & Amsteel
Bursa Malaysia Securities Berhad ("Bursa Securities") had vide its letter dated 28 December 2006 rejected the Proposed Extension ("Rejection"). Pursuant to Paragraph 8.14C of the Listing Requirements of Bursa Securities, a suspension shall be imposed on the trading of the listed securities of the Company with effect from 9.00 am. Friday, 12 January 2007 and de-listing procedures shall be commenced against the Company.
Eventhough these 2 company will appeal against the suspension decision, the price of these companies is expected to fall as investors will rush to unload their stock to cut loss & recovered their cash.
IT'S INTERESTING TO SEE HOW IS THE REACTION ON 3/1/07 FOR OTHERS LION GROUP'S COUNTER I.E LIONCOR, LIONDIV, LIONFIB & LIONIND.
In fact, the fundamental for Lioncor, Liondiv & lionind remained unchanged and is not affected by the delisting of silverstone & Amsteel.
However, their price may drop due to market sentiment as Malaysia's retail investors is more on speculative one.
If the price drop actually happen on 3 Jan 07, this will offer an opportunity for us to accumulate more. I will enter to accumulate more if Liondiv drop below 5.80 or Lionind drop below 0.92.
Monday, January 01, 2007
I have allocated RM15,000 consist of 13,500 Ornasteel shares ( worth 14,310 @ RM1.06) and cash of RM690 as the initial investment in Child's education fund. I will invest additional RM2,000 every year in the next 14 year as the additional investment fund.
If I'm success full in my investment, average 20% annual compound returns on the investment fund will get me RM373K in year of 15th. ( refer table A)
if I can get 25%, my fund will reach RM644K in year 15th.( refer table B)
I wish I will success in my investment and the money is ready for my son's education financial needs when he reach age of 18.
( I will publish in this blog for any purchase / sell in this portfolio, and the monthly movement in market value)