Mercedes Vs Perdana V6: IT'S A JOKE TO PM

IF A SIMPLE GOVT POLICY FOR ALL GOVT OFFICE TO USE NATIONAL CAR (PROTON) DECIDED BUT CAN NOT BE IMPLEMENTED DUE TO RESISTANCE.

WHAT POLICIES FOR DEVELOPMENT CAN THE EXISTING GOVT IMPLEMENTED FOR THE COUNTRY !?

THIS JOKE TELL US, THE RAKYAT, THE EXITING UMNO LED GOVT IS INCAPABLE.

TOO EARLY TO BE OPTIMISTIC

The market's sentiments & prospect still weak. Not to be optimistic yet.

Yesterday we saw the Index up 30 point and market volume surge to 656 mil shares. Is this the panic buying ? Why the buyer suddenly find our market attractive ? or This is a TRAP to push up the share price for them to exit at higher price ? (for the Foreign and Local Funds, they just can't EXIT in such low volume, no buyer market)


ALMOST ALL INVESTOR or PUNTER HAS LOSE INTEREST IN BURSA,

The political uncertainty is here to stay and will not end in short term . I certainly hope it will not getting worse.
The Malaysia economy is slowing down due to Increased Inflation.
Credit tightening by Banks & Major supplier will affect cash flow for many businesses.
Consumer cut spending.

ANY BUYER FOR SHARES IN BURSA MALAYSIA ???

Just to be cautious, advisable to take a break in this 2-3 months, at least.

POLITICAL RISK 2

I have written a post in May 17th (Political Risk-Cut or Hold) to alert all on the political risk we face in Malaysia. Since then I have cut half of my stock.

Unfortunately or fortunately I have run earlier, the Political Drama turn to the ugly side, Anwar has been arrested today by Police ( or UMNO Govt).

Just to be cautious, this is NOT the End but just a Beginning for the Worse depend on the political development in next few weeks.

WILL KEADILAN MOBILISE IT'S SUPPORTER TO CHALLENGE UMNO ?
WILL THE CONFRONTATION BETWEEN UMNO & KEADILAN GETTING OUT OF CONTROL ?

The bad news for investors is; ON TOP OF OUR OWN INTERNAL PROBLEM, There is the EXTERNAL GLOBAL BEAR MARKET.

CASH IS KING .

The Value Investor is waiting for this down trend to hunt for Good Value Stock. If you apply the Concept of Margin of Safety, buy a good fundamental stock at 'CHEAP' price, you will be rewarded in the long run.

BUT YOU BETTER BE SURE THAT YOU KNOW HOW TO DETERMINE WHICH COMPANY IS A 'GOOD FUNDAMENTAL STOCK' & WHEN IT'S CONSIDER 'CHEAP'

'Most Corrupted Department'

Malaysiakini : Another senior immigration officer nabbed for corruption

Jul 12, 08 1:04pm

The Anti-Corruption Agency (ACA) has nabbed another senior Immigration Department officer to assist in their investigations into alleged graft involving the issuance of visas for foreign workers. MCPX The 54-year-old officer was brought to the court in Klang at 11.45am today and placed under five-day remand by Magistrate Zarifah Zainal Abidin. Also remanded was his 59-year-old brother-in-law for his suspected involvement as an intermediary in the scheme in Selangor. Bernama was told that the duo were picked up yesterday when the officer was at his office in Putrajaya at about 3pm while his brother-in-law in Negeri Sembilan. This comes hot on the heels after the arrest of Immigration Department director-general Wahid Don (left) and six others for similar offences. At a press conference yesterday, ACA investigations director Shukri Abdull said a director-general of government department, who is a Datuk, was detained last night at his house in Damansara. However, the Star has named the high ranking civil servant as Wahid. Meanwhile, the other six, include two businesspersons involved in the supply of foreign labour to local companies. Three of them carry Datuk titles. All seven are being investigated under Section 11(a) of the Anti-Corruption Act 1997. According to the daily, ACA officers seized approximately RM500,000 from all of them including more than RM100,000 found in Wahid’s Jalan Duta house. It reported that ACA officers had arrested Wahid at 10.30pm on Thursday, shortly after purportedly receiving some RM60,000 from a runner for a deal involving the issuance of work permits and extensions. “We are investigating them for alleged involvement in the issuance of work permits to foreign workers,” Shukri reportedly said. Prior to taking up his post at the department in October 2006, Wahid was the Registrar of Societies. The issuance of visas for foreign workers falls under the purview of the Immigration Department. The arrest is LONG OVERDUE as everyone know the IMMIGRATION DEPT is the most corrupted department for MANY years. However it's still Better Late than None! As a citizen, I HOPE the ACA will ACT on JPJ & PUSPACOM soonest possible for they are known to everyone is another 'Most Corrupted Department'

SELL DOWN IN ASIAN MARKET

The sell down not just in Malaysia.
In fact, Malaysia is the least affected Market.
The Asian Market is being dump by Foreign Fund today, Hong Kong is the worst market today for it has the highest number of Foreign Funds.

If you are NERVOUS,
is time for you to read this book : INTELLIGENT INVESTOR .

ON 'MR. MARKET'
AND 'MARGIN OF SAFETY'

FOREIGN FUND PANIC SELLING ?

Today Bursa suspended the whole day due to 'Hardware failure'.

Market news is saying Bursa stop trading is due to FOREIGN FUND PREPARE TO SELL DOWN THE MARKET.

If this is true, then they are 'panic selling' or 'Take advantage to profit from Market'

I believe their main purpose is to take advance to profit from an unstabilised market, & they will succeed due to the following factors:-

1. The volume in Bursa Malaysia is thin. They just need to throw a portion of their shareholding to push down the Market.
2. The political uncertainty & face -off between Keadilan & Umno make market participant nervous, market confidence & sentiment is at lowest level.
3. Global bear market, Inflation fear, high Oil price scare off Investor to enter market.
   

With all this fear factors in place, this BIG SHARKS will create FEARS by throwing shares into market to push down Index. The other small players will follow to sell, Bank force selling added pressure to the Market. SHARES PRICE CONTINUE TO SLIDE.

The same person ( Foreign Funds) will wait at the bottom to pick-up good undervalue stocks.

SURE OR NOT ???

受通脹外圍影響微 4大內需股可長捧

【明報專訊】美國經濟欠佳、大陸通脹與宏調肆虐，幾乎每個產業都受影響，唯獨內需股增長依然強勁，蒙牛(2319)、雨潤(1068)、百盛(3368)、新百貨(0825)值得留意。蒙牛及雨潤所在的產業進行大整合，兩者憑藉優秀的經營能力、穩健的財力，可以趁機擴大版圖，長遠增長前景秀麗；百貨業在所有零售營運模式中最安全，擁有全國性百貨網絡的百盛和新百貨尤為穩健，股巿大調整，兩者估值愈來愈吸引。

蒙牛 有力成為行業霸主

內地奶業將進行大洗牌，奶業的行業門檻已提高，現有業者要建新廠，日產能最少要200噸奶，並要保證30%的原奶供應；現有廠房要增設生產線，每一次起碼要增加100噸(每日)，並要保證可獲75%的原奶供應，此條件小廠難以壯大，蒙牛乳業可乘機擴大版圖。

從各方面看，蒙牛都最大條件成為最後霸主︰一、經營能力業內最強。去年純利率4.39%，同業伊利去年虧損1.14 億元，光明乳業純利率僅2.59%，輸給蒙牛，表明公司有能力加價、品牌具威力。事實上，公司在液體奶的巿場佔有率，已由前年36.2%提升到40.7%；二、財力穩健，截至去年底，公司有淨現金19.47 億元人民幣。

蒙牛最大的成本是原奶，去年原奶價升，業界叫苦連天。券商星展唯高達指出，原奶價格過去兩個月穩定，保持在每公斤2.8至2.9元人民幣，原奶生產旺季將至(5月至8月)，預料價格會再回落，有利蒙牛。

據彭博社資料，蒙牛2008年預測巿盈率23.6倍，上周收巿報21.6元。

雨潤 料可受惠豬價回落

內地屠宰業亦將洗牌，內地生豬屠宰廠數目多規模小，少於10個刀手的屠宰場比例高達八成，衛生情參差，政府有意整頓。新《生豬屠宰條例》8月1日生效，新條例對發牌予屠宰廠有更嚴格的規定，由現時授權地方政府發牌，改為日後由省級政府處理發牌，這大大減慢新競爭者增加的速度。生產現代化、規模龐大的雨潤，可慢慢清剿弱者，擴大版圖。

去年業績顯示，雨潤的營運效益正不斷改善︰一、營運成本佔收入比例由7.1% ，下跌到6.3%；二、存貨周轉日減少13 天，應收帳周轉日減少4 天；三、產品種類由980 種增加至1170 種，能滿足更多不同需求；四、分銷渠道中，成本最高的第3方分銷商，所佔比重由41.5%下跌到34.7%；五、截至2007年底，雨潤生豬屠宰產能增加385萬頭，達1400萬頭，下游深加工肉製品年產能達21.8萬噸，較06年增加5萬噸。

雨潤截至去年底，淨現金達8.7億元，財政穩健，是擴展版圖的彈藥。豬肉價格上升，是行業一大風險。隨豬價上升，政府又採取更多政策扶助豬農，預計下半年將有更多生豬應市，8、9月時供應會顯著增加，紓緩豬價升勢，有利雨潤。據彭博社資料，雨潤2008年預測巿盈率20.4倍，上周收巿報12.7元。

新百貨百盛 風險最低

內需股中，百貨業的風險最低。公司過半以上收入來自攤位租戶，租戶要交最低租金或按收入比例抽成，現金流穩定，主要存貨及人工由租戶負責，風險更低。擁有全國性網絡的百盛和新百貨，風險就更低，因為著名品牌更願意透過其廣闊網絡，把自己的商品打入內地巿場，亦因網點多，可彌補不足。

據中期報告，截至去年底，新百貨於全國營運31間百貨店，開業不足兩年的，起碼14間以上，按照行業規律，一間營運得法的百貨公司，兩到三年便可以收支平衡，這批新店，若能大規模轉虧為盈，可為集團帶來巨大增長。

新百貨另一獨特之處，是背後有整個新世界系支持，該系內地業務網龐大，以新世界中國(0917)為例，土地儲備超過1700萬平方米，對新百貨來說，是一大幫助。最明顯的例子，是鎖定黃金地段，現時新百貨的樓面中，近40%是租自同系公司，約10％自己擁有，其餘向外租賃。

新百貨2008年預測巿盈率28倍，公司有淨現金39.32億元，從股價中剔走淨現金，公司業務巿盈率僅18倍。

百盛是本港上巿百貨股中，分店最多的，達41間，母公司金獅集團經營百貨業逾20年，基礎穩健。今年首季同店銷售較去年同期下跌近4個百分點至15.3%，巿場失望，股價不斷調整，已較高位下跌40%，2008年預測巿盈率29倍，遠較之前吸引。

A DREAM COME TRUE ?

I hope this is not just a dream:-

1) The fighting between Keadilan & Umno will be short and settled by end of the year. This political crisis have to be solved FAST enough to minimised the damaged done on Malaysia Economy.

2) A new MCA leadership must be brave enough to abandon UMNO, joint hand with Pakatan to rebuild a better Malaysia.

3) The new Malaysia Government is a pragmatic Govt that formulate policies only on MERIT, PRODUCTIVITY & EFFICIENCY.