Sunday, November 29, 2009
Wednesday, November 25, 2009
When open the newspaper this morning, come the head line "PROTON BEATS THE ODDS"
An surge in Qtr profits for Proton is no surprise at all given the protection from Malaysian Govt.
This profits should be temporaly due to new launching of 'MPV Exora', it wouldn't surprise me if Proton's continue reporting profits in the next few quarters.
BUT it will not last long, Proton will certainly once again incurred huge losses after that mainly due to high developing cost & operating expenses, & the sad point is Proton can never compete in overseas markets.
IT HAS TO RELY ON LOCAL MARKET TO SURVIVE, IT HAS TO RELY ON GOVT PROTECTION TO SURVIVE & MAKING PROFITS IN THE EXPENSES OF MALAYSIAN'S HARD EARNED MONEY.
IT'S PROFITS ARE DERIVED FROM THE INCOME OF POOR MALAYSIAN. MAKE MALAYSIAN POORER BY SUBSIDY & SUBSIDY.
Proton beats the odds
By JAGDEV SINGH SIDHU
National carmaker’s revenue and profit up despite weak auto market
THE financial results delivered by Proton Holdings Bhd yesterday were a pleasant surprise yet somewhat of a rude shock.
The surprise was the manner in which profit and revenue grew amid a generally weaker environment for auto sales.
Backed by brisk demand for its three main models – Persona, Saga and Exora – which account for 86% of domestic sales, Proton smashed earnings expectations as it delivered on its strongest results in years.
The earnings of 14.9 sen during its second quarter was its best showing in six quarters and the second best since the final quarter of its 2006 financial year.
According to Malaysian Automotive Association data, Proton’s sales increased 9% in its second quarter compared with the previous corresponding period.
This at a time when industry volume was down about 3.5% against a year ago.
“We expect continued sales volume momentum and maintain our forecast for Proton’s sales volume to exceed the 150,000-mark for financial year 2010,’’ said UOBKayHian.
UOBKayHian in a note yesterday said it did not expect Perodua’s Alza, its MPV offering, to dent demand for Proton’s Exora.
The reason? The segment Proton is selling its MPV is less price sensitive and for those who count the ringgit and sen before buying a car, Proton had recently introduced a no-frills stripped down version of the Exora at RM57,000.
Apart from selling more cars, Proton’s earnings were also lifted by gains from previously undertaken rationalisation exercises.
The streamlining of its vendor and dealer network has led to a whole range of cost savings, some substantial over a short period of time.
“Increased efficiency across the board helped lower the average cost per unit by an estimated 3.9% quarter-on-quarter. The recent rationalisation of Proton’s dealership network has started yielding the desired results though the process has yet to be completed,’’ said CIMB Research in its note.
Proton managed to cut sales and distribution charges by 56% from the first quarter, thanks to the consolidation of its network with Edaran Otomobil Nasional Bhd.
Cost savings were also extended to administration charges and manufacturing overheads, which saw a quarter-on-quarter reduction of 7% and 6% respectively.
The company’s sales network too shrank from 278 at end-June to 265 at end-September. That reduction is still far from the planned 191 outlets Proton is looking at but it was good enough, on the back of higher demand for its vehicles, to lead to a bump in monthly sales per outlet.
During the July to September quarter, each dealer on average sold 50 cars monthly, which was a 25% improvement from the 40 cars per month average sold per dealership in the first half year.
More sales per dealer is essential in keeping its network profitable and happy.
“The shuttering of unprofitable and inefficient dealers immediately enlarged existing dealers’ trade area and coverage, which boosted sales per dealer outlet. This process is expected to continue,’’ said CIMB.
However, the rude shock from the results announcement was not how much fat Proton managed to cut. It’s the admission that there is a lot more to slash.
Proton said it can save RM530mil at the ebitda (earnings before interest, tax, depreciation and amortisation) level by financial year 2012/13 through an company-wide process re-engineering.
In short, there are a lot of efficiencies to be gained, a confession that would not surprise car watchers.
The better financial results and cost cutting saw Proton’s cash pile balloon to RM1.5bil, or RM2.32 a share. More savings expected to come in it will place Proton in good stead, considering the cash needed to fund its future plans.
For a start, Proton intends to operate like a global car company, and that means coming up with a car that will have global appeal and launching at least two models a year from the current one.
The global car would spearhead Proton’s attempt to penetrate the international market as relying on cars made for the Malaysian market would only take it so far.
Large amounts of cash too would be needed to turn subsidiary Lotus from a low priced and low volume sportscar manufacturer into one that is high priced and high volume.
Exploring green technologies like a hybrid or electric car, which Proton is already doing, will require cash, and maybe lots of it.
What sort of impact will this have on profitability?
Proton’s recent track record shows periods in which it posted better results only to slip back again. But this time around, that pattern may not be repeated.
“With management seeing sustainable margins, we expect Proton to deliver good results going forward,’’ said OSK Research in its note yesterday.
“Next year, Proton would be launching its centralised pre-delivery inspection hub, which would see its distribution cost being cut further as dealers will not be required to stock cars at their showrooms, which eliminates the rental cost for storage of cars.’’ it said.
I have bought this book; JIM ROGER- A GIFT TO MY CHILDREN.( Chinese Version)
I started to read it at night to my son, age 7, I hope he can learn some valuable advise from this Investment Guru & also improve his Chinese.
Wisdom from a wise man.
Tuesday, November 24, 2009
Suzuki, Japan’s fourth-largest automaker and known for its strength in the compact car segment, said it would invest ¥20 billion (RM762 million) for a manufacturing site including engine assembly. It plans to start production of the 1.3-litre car in the southeast province of Rayong in March 2012.
Suzuki said it would build about 10,000 cars in the first year.
Bangkok has increased tax incentives to attract global carmakers to invest in output in Thailand of small passenger vehicles with certain specifications such as fuel economy of at least 20 km/litre under its so-called “eco car” project.
Car manufacturers investing in the project would enjoy cuts of up to 90 per cent in import tariffs on foreign car parts and material used for producing the vehicles.
Thailand’s state-run Board of Investment has also offered corporate tax exemption for at least five years provided their production of such cars reaches 100,000 vehicles a year in the first five years of operations.
Other Japanese carmakers such as Toyota Motor Corp, Mitsubishi Motors Corp, Nissan Motor Co, Honda Motor Co, as well as India’s Tata Motors Ltd, plan to the take part in the eco car project. — Reuters
Tuesday, November 17, 2009
My friend told me there is one (maybe more than one) FOREX trading company using Multi Level Marketing (MLM) scheme to promote FOREX TRADING.
This is getting popular in Penang, Malaysia.
They organise seminars, classes to recruit member, you just need to open trading accounts & place your money in that trading accounts, the forex trading programme will trade for you.
They claim this Forex trading programme will make you gain from forex trade, esp trading Euro in USD.
You will get commission if you recruited a new member, you also earned commission from your down line trades.
THIS IS ANOTHER MLM SCAM (SAME LIKE SWISSCASH),
THEY SHOW YOU RESULTS FROM INTERNET FOREX TRADING, GAIN IS SO EASY !
BUT THE SCREEN THAT YOU ARE WATCHING, IS IT REAL ?
OR IT IS JUST A SHOW ? A PRE-PROGRAMME RESULTS !
SO LONG AS THE NEW MONEY (FROM MEMBERS)
CONTINUE TO POUR IN, YOUR GAIN WILL CONTINUE TO GROW.
GREED WILL MAKE YOU BELIEVE IT'S REAL, COS YOU ARE SO DESIRE TO MAKE MONEY, ESP EASY MONEY THAT COME TO YOU WITHOUT PUTTING IN ANY EFFORT.
Common sense prevail !
- Forex movement is most complex, affected by many factors, known & unknown one, even the most experience forex dealer will not guarantee you gain.
- A computer programme is just a tools, if it really can make you gain, the organiser will never go to organise seminars & seminars (work so hard) to attract your money, they will instead enjoy live in holidays while the computer making money for them.
- We have seen many MLM scam, it repeat over & over again, using different name/subject ( Cafe, Unit Trust, Farm, Feng Shui, Gold Bar, Forex etc) to attract members to inject fund into their game plan.
- Money make money is real, but not this MLM scam, it has to be Prosper through Investing in proper method. usually value appreciate in longer term.
P/S: Jim Roger said in his Book, A gift to my Children : Common Sense is not that common.
Monday, November 16, 2009
The world's economy has seen recovery in almost every parts of the world.
'Ku Shan' Mr. WB said the financial panic is OVER!
Commodities prices has started to rise again; soft & hard, precious & base metal.
Asian currency has already gone up, & will continue to strengthen against USD.
Here we have APEC, and the most important one is Asean + 3, will Asean + 3 ( ie Asean + CHINA + JAPAN + KOREA ) and +INDIA, become the critical catalyst that bring in Foreign Fund/Hedge Fund/ Hot Money into this region?
At least, now we have started to hear more & more news, rumours & insider's info that rock the market:
Bank of East Asia merge HLG & Affin Bank, TA Global go dual listing, China Concept Play, Daya transfer to main board, Director from one main board company want to Goreng his shares................... etc.
Yes! Mr Market really need SPECULATIVE NEWS to rock the market !!!!!!!!!!!!!!!!!!!!
Saturday, November 14, 2009
80% were professionals !THIS IS NOT JUST GREED! NOT THAT SIMPLE !
OUR EDUCATION SYSTEM MUST INCLUDE FINANCIAL PLANNING SUBJECTS, WE CAN'T JUST PRODUCING ENGINEERS, DOCTORS, LAWYERS WITHOUT FINANCIAL KNOWLEDGE.
SC: Swisscash victims to get back part of their money
KUALA LUMPUR: Investors in the Swisscash Internet-based investment scam will now be able to get back part of their money following a consent judgment the Securities Commission (SC) entered into with two of the defendants in the case for a sum of RM31mil.
The SC said in a press release that the Swisscash scam involved an estimated total amount of US$83mil, which was what the Kuala Lumpur High Court ordered Albert Lee Kee Sien, Kelvin Choo Mun Hoe and Dynamic Revolution Sdn Bhd to pay in a judgment on Sept 25 last year.
According to SC chairman Tan Sri Zarinah Anwar, the SC entered into a consent judgement with Lee and Amir Hassan for the settlement sum.
She said the settlement was the largest ever in the history of the prosecution of such scams, which affected thousands of investors globally and prompted cross-border investigations involving seven other jurisdictions.
The previous largest settlement amount under the SC’s jurisdiction was RM2mil for insider trading in Padiberas Nasional Bhd, which was also distributed to affected investors.
“This is a milestone payout which is made possible following a consent judgment entered into with two of the Swisscash defendants,” Zarinah said, adding that the restitution would be based on a court-sanctioned distribution plan.
She told a media briefing yesterday that investors in illegal schemes could not expect regulators to get their money back for them as a matter of course. “Swisscash is an exception, in this case the recovery was only made possible not just by extremely painstaking efforts on our part but also by the close cooperation and support that we’ve been receiving from our counterparts in the various countries,” Zarinah said.
She said investors would have to show sufficient documentary proof of their principal investment and must not have been involved as recruiters in the scam. Investors who profited from their initial investment and still made claims would have their profits deducted from the claim sum while other criteria for consideration included whether investors heed the warnings by authorities before investing.
Zarinah said the first batch of restitution payments would be made early next year following approval from the court. She said 80% of the investors were male professionals and the profile was “not so typical of this kind of scam”.
She said to-date, there were 3,000 complaints filed against the scam.
Wednesday, November 11, 2009
I am not surprise at all for the revision in offer, Media Prima is previously offered an unattractive price to take over NSTP. One to One with some warrant.
This is bad news for those dumping NSTP when the 1st offered is announced.
Now , they did it again, TO REVISE THE TERMS OF OFFER TO GIVE BETTER OFFER AFTER ALL WEAK HOLDER DUMPING THEIR SHARES.
THE INSIDER MUST BE LAUGHING!
KUALA LUMPUR: Shares of MEDIA PRIMA BHD  and The New Straits Times Press (M) Bhd were voluntarily suspended from 9am on Wednesday, Nov 11 to 5pm on Thursday.
"The request for suspension is in view that the company will be making an announcement on the revision of the terms and conditions of the proposed offer," said Media Prima.
Sunday, November 08, 2009
Saturday, November 07, 2009
The active trading volume for lower price stock in Bursa in last few days has excited many retail investor in Bursa Malaysia.
The active participation in Bursa is a good sign for Equity Market, but retail investor still need to take extra precaution as MOST of the active stock is speculative in nature & without strong fundamental to support the rise.
One of it is RED CHIPS in Malaysia.
Now we can read from the headline of major news daily that RED CHIPs is rising due to the China Concepts, esp when China's President Hu will visit Malaysia next week.
Well, as a always tell my friend that this all so call RED CHIPS China concepts stock is actual NOT SO RED la.
ALL the good china stocks will seek listing in Hong Kong, Singapore, or now even listing in China itself, because the valuation there is higher & the market is much more active than here (Malaysia).
So, why they come to Malaysia ? Because they are not so RED lo !
(Picture : Penang Heritage)
Sunday, November 01, 2009
Wednesday, October 28, 2009
To prevent 'run chicken ' if market correction is minor, I have decided to go-in in stages.
- PARKSON - Below 5.10, & 4.8O
- ICAP - Below 1.80 & 1.70
- LIONIND - Below 1.42, 1.32 & 1.22
- CSC - Below 1.10
- SURIA - Below 1.30
PARKSON is my main target, therefore I will invest more on PARKSON, ICAP & LIONIND.
(Picture: Penang Heritage )
Saturday, October 24, 2009
The prices for High End properties in Penang has reach record high level, with most of them selling above 1.0 mil a unit for landed property or even Condo.
The newly launch from Mah Sing will be price 3 - 4 million per unit, after this we will see IJM, Queensbay & E&O launching their HIgh End properties that selling above 1 mil for link house, & multi millions for semi D & Villa.
For those who wish to speculate in Properties, before you cheer for this record high property price, please sit down & try to imagine the supply of this HIGH END properties in 3 years time from now, when the the projects completed in year 2012-2013.
Will the price sustainable or what is the chances of properties price continue to surge if:-
- The economy growth remained low at 3 -4 %
- The average Malaysian monthly income level remained depressed at low level of 2000-5000 monthly
- Over supply of High End properties by greedy developers.
- Every new projects only have less than 50% occupancy when completed.
Friday, October 23, 2009
In this young BULL market, if you thinking of buying a good undervalue stock in Bursa Malaysia,
Instead of paying existing market price to buy stock in Bursa, why not consider this one:-
ICAP, offer you an exposure to Equity in Bursa Malaysia by paying 10% less on Market Price.
NAV as at 21/10/2009 : 1.96
Icap market price: 1.80
Exp: if u interested in Parkson, market price is 5.15,
BUT you can buy it indirectly via Icap at a price cheaper than 5.15.( 10% discount) because Icap's biggest holding is Parkson.
Tuesday, October 13, 2009
What is 'Value Investing' & How Value Investing can make us success in Investing & make us wealthy ?
This 2 articles from 冷眼 has tell us ALL ABOUT IT. .
IT'S SIMPLE YET DIFFICULT.
Saturday, October 10, 2009
The MCA delegates has make a decision to drop Ong Tee Kiat, & Dr. Chua Sooi Lek in today's EGM.
This a the worse decision for MCA.
This may reflected the Central Delegate's disappointment over MCA effectiveness in politics.
They have voice out that they have feud up with MCA performance with the vote to drop BOTH President & Deputy President.
Even the Central Delegates has make a decision to kill MCA future in Malaysia Politics.
A decisions that confirm MCA irrelevance in Malaysia Politics.
MCA EGM: MCA delegates make dramatic decisions (Update 8)thestar.com.my, 10/10/2009
Follow the development on Twitter
KUALA LUMPUR: MCA delegates made dramatic decisions at the party EGM on Saturday.
The vote of no confidence against Datuk Seri Ong Tee Keat got through by 14 votes.
His suspended deputy, Datuk Seri Dr Chua Soi Lek, failed to be reinstated as deputy president but was voted back as a member.
Party officials said the dramatic decisions of the delegates at the EGM would mean that they now need to look at the party constitution.
Under the Constitution, a party president can only be removed by a two-thirds of the delegates' votes.
Ong told reporters that he respected the results of the EGM.
He also said that the MCA Central Committee and Presidential Council will have to discuss the results.
Results of the voting on the three resolutions:
Resolution 1: That the members of the general assembly have no confidence in the leadership of president Datuk Seri Ong Tee Keat.
Resolution 2: That the presidential council's decision on Aug 26 in accepting the recommendation of the disciplinary board and the subsequent decision of the central committee (if any) to expel or suspend Dr Chua is annulled.
Resolution 3: That Dr Chua be rightfully restored as MCA deputy president.
Earlier Saturday, of the 2,307 delegates who registered for the EGM, only 2,304 cast their votes from 10.30am to 11.55am. Three did not collect their ballot papers.
The total turnout of delegates was at 96.93% attendance rate.
Delegates had to show their party membership card and MyKad to collect the ballot papers
No photographers and reporters were allowed in the hall.
The EGM decided that only the first three resolutions be put to vote and the remaining two resolutions deemed irrelevant.
After opening the EGM, speaker Datuk Yik Phooi Hong put the suggestion to the delegates, who accepted this through the show of hands.
Resolution 4 and 5 were scrapped as no appointment of deputy president had been made as Datuk Seri Dr Chua Soi Lek was not sacked.
No disciplinary action would be taken against those who called for the EGM.
The registration process for the EGM began on Friday and closed at 10.30am Saturday.
Dr Chua, who arrived at 8.10am, told reporters that he would accept any decision made at the end of the day.
Vice-presidents Datuk Seri Liow Tiong Lai and Datuk Seri Kong Cho Ha also arrived early for the meeting.
Liow said he hoped the delegates would show maturity and make decisions in the best interests of the party.
Ong, who arrived at about 9.15am, was instantly greeted by his supporters, who cheered him on and gave him words of encouragement.
EGM guidelines state that any recount of votes would be allowed only if there was a difference of 1% of the total votes cast.
In the event of a draw, the speaker may exercise his right by casting an extra vote as provided for in Article 169 of the party constitution. But if the speaker elects not to vote, then lots would be drawn.
Monday, September 14, 2009
Saturday, September 12, 2009
Samgoss ( www.samgang.blogspot.com) has said most of d shares players hv read d methodology book written by warren buffet , but how many of them can really benefit (understand) from his book.
My question is have you read ? or try to read an investing book ?
If you have bought 'shares', spending thousands to invest in shares market, do you read investing book ?
Read Investing books written from Investing Guru is the fastest & easier way to learn & master the Investing knowledge. You need not to waste money & time by making mistake in share investing, avoid making mistake in investing can save you lots of money.
The Investing Guru, such as Warren Buffett, Peter Lynch and Benjamin Graham are proven GREAT investor, learning their WISDOM is the CHEAPEST & MOST EFFECTIVE way to make money in Shares Market.
IF YOU HAVE NOT MAKING MONEY IN 'SHARES MARKET', then just ask yourself a QUESTION, HAVE YOU READ AN INVESTING BOOK ON THE GREAT GURU THAT I MEANTIONED ABOVE.
Wednesday, September 02, 2009
Long awaited correction in Local & Regional market has started in this September.
This is time for us to shopping for value buy.
The correction has started, but the price has not drop to attractive level.
I am waiting for it to drop to my target price to BUY.
MY SHOPPING LIST:-
LIONIND --------- 1.20
CSC -------------BELOW 0.95
E&O ------------- BELOW 1.18
WILL MR. MARKET PANIC ENOUGH TO SELL ME THE STOCK !?
Saturday, August 29, 2009
Friday, August 28, 2009
Both has suffered big losses of few hundred millions for the 4th Qtr. (Apr-Jun'09)
LionCor NTA has reduced to 28sen only.
BUT the market seems ignore this negative news & LionCor mkt price still stood around 41 sen.
same as yesterday closing.
WHY THE MKT STILL GIVING LIONCOR 41 SEN VALUATION AGAIST IT'S NTA OF 28 SEN ONLY ?
THE WORSE IS LIONCOR IS LIKELY TO CONTINUE ITS BREEDING FOR THE NEXT 1 OR 2 QTR.
IS THERE ANY SPECIAL REASONS THAT WE DONT KNOW ?
Thursday, August 27, 2009
Which one offer the best Value, at the cheapest price !
Maybe the following statistic will tell you more:-
Steel Counter/Mkt price@27/8/09/ NTA / Price/NTA ratio / latest Qtr EPS
1) Ann Joo-- /----------2.27-------/ 1.69 /----- 1.34-------- / 0.44 sen
2) Masteel --/--------- 0.91------- / 2.02/ ------0.45------- / -1.01 sen
3) CSC----- /--------- 1.06------- / 1.88 /---- 0.56--------/ 2.53 sen
4) Kinstel ---/--------- 0.945------ / 0.81 /----- 1.17-------- / -0.86 sen
5) Choo Bee / --------1.60 -------/ 3.37 /---- 0.47-------- / 6.16 sen
6) LionCor / -----------0.41--------/ 0.28 / -----1.46 --------/ -21.39 sen
7) LionDiv / -----------0.555-------/1.83 / ------0.30-------/ -25.97 sen
8) LionInd /-----------1.59---------/3.83 /------0.42--------/ -11.07 sen
(Picture: Penang Street)
Wednesday, August 26, 2009
巴生自贸区的最初构想，是把位于我国半岛西南部的巴生港口，发展为全国货运中心和区域船只货运中心。据有关稽查报告披露，这项原本估计成本是19亿 5700万令吉的计划，若无法如期摊还贷款，到了2051年将飙升至124亿5300万令吉；同时所涉及的弊端，包括管理不当、秘密交易、利益冲突及透明 度不足等问题。
Malaysianinsider.com, KUALA LUMPUR, Aug 26 — A deepening financial scandal at a multibillion-dollar port development project is offering a behind-the-scenes look into the close ties between business and politics in Malaysia.
The mudslinging between senior politicians in the ruling coalition over the fiasco at the Port Klang Free Zone (PKFZ) is also giving Malaysians front-row seats to the strife besetting the Barisan Nasional (BN) government since it lost its two-thirds parliamentary majority in last year's general election.
“This whole thing is giving the opposition the ammunition to attack the government,” said a minister from Umno.
Like several other ruling-party politicians, this minister said the scandal — which has forced the government to bail out the project and stand by borrowings estimated to be in excess of RM10 billion — presents a major dilemma for Prime Minister Datuk Seri Najib Razak.
Unless the public spat is settled quickly and parties behind the huge losses at the scandal-ridden port project are held responsible for criminal negligence, Datuk Seri Najib's bid to revive his BN government's appeal with Malaysians is likely to face a major setback, government politicians said.
While financial bailouts, such as the rescues of scandal-tainted state-owned Bank Bumiputra and tottering steelmaker Perwaja Terengganu, were common during the 22-year rule of former premier Mahathir Mohamad, analysts say the scandal at the port comes at a time when the Malaysian public is growing intolerant of such abuse.
“I think the government needs to show that there will be no cover-up because the amounts here are huge. In these tough economic times, public anger will only be on the rise,” said the Umno minister, who asked not to be named.
It will not be easy, however, to investigate the PKFZ thoroughly, argue political analysts, because key protagonists in the row are major powerbrokers in the BN government.
Datuk Seri Tiong King Sing, a senior politician Sarawak, is the majority shareholder of Kuala Dimensi, the private company that built the port project after selling the land for the construction site to the government for a huge profit.
Shortly after Kuala Dimensi was singled out in a special audit report for billing discrepancies of close to RM1 billion, Tiong hit back with allegations that his company had provided the use of a luxury jet and donated RM10 million in political funding to Transport Minister Ong Tee Keat, who has been spearheading the probe into the financial shenanigans at PKFZ.
Datuk Seri Ong, who is president of the Malaysian Chinese Association (MCA), the ruling coalition's second- most senior party, has sued Tiong and insists that he did nothing wrong. But the allegations have nevertheless hurt his standing in the MCA, where he does not enjoy widespread support and is fighting a potential challenge from his deputy Chua Soi Lek.
In an apparent bid to distance the party from Ong's troubles, MCA treasurer Tee Hock Seng has said the party did not receive any funds from Tiong. He added that MCA “party leaders are not encouraged to accept donations in their personal capacity and all donations to the party must be made directly”.
The free-trade zone project began as a joint venture between the Port Klang Authority and the promoters of the Jebel Ali Free Trade Zone in 1999 to attract foreign investments to the port.
The land from the project belonged to Kuala Dimensi, which acquired the property in the 1990s for RM96 million, or roughly RM3 per sq ft.
The land was subsequently sold to the Port Klang Authority in 2002 on a commercial basis, for RM1 billion, or roughly RM25 per sq ft, government documents show.
The port authority later awarded Kuala Dimensi sole rights to develop the free-trade zone, which has been hit by cost overruns and mismanagement. — The Straits Times
Saturday, August 22, 2009
PERMATANG PASIR, Aug 24 – Former MCA vice-president Datuk Chua Jui Meng dropped hints that embattled Datuk Seri Ong Tee Keat’s position as party president is under threat, insinuating at an ongoing conspiracy by Umno to oust him.
Chua, who quit the Chinese party to join PKR, told some 500 people in a ceramah here that many Umno leaders are unhappy with the way Ong is trying to expose the RM12 billion Port Klang Free Zone (PKFZ) scandal which, he alleged, would implicate many leaders from the dominant Malay party.
“Have you seen the prime minister coming out to defend Ong? Have you heard of the deputy prime minister defending Ong on the PKFZ scandal? Or were there any other Umno leaders, for that matter, that have defended Ong on the issue? No,” said Chua.
“This never happened before. Last time, there was this strong camarederie where leaders in Barisan Nasional (BN) would protect each other but this has not happened. The president of the second biggest BN component party is attacked and no one from Umno has come out to defend him,” added Chua,
He said the present situation, with BN component parties showing lack of cohesion and divided along racial lines, has caused disquiet among the people, especially the Chinese community.
This, coupled with widespread rumours among the ruling coalition’s inner circle that BN president Datuk Seri Najib Razak and deputy president Tan Sri Muhyiddin Yasin are dissatisfied with Ong’s presidency, preferring his deputy Datuk Seri Chua Soi Lek instead to lead the Chinese-based party, have undermined Ong’s position.
“All this shows that Ong’s claim that he is under attack, internally and externally, is true,” Chua noted.
In recent weeks, the MCA president has also found himself locked in between two battle fronts from within the party and BN.
Ong had worked hard to build up an image of being clean and transparent but his reputation is now in tatters following Datuk Seri Tiong King Sing’s allegations about a large donation and rides on private jets, and his position as party president is considered shaky with MCA deputy president’s supporters expected to push ahead with plans to call for an EGM to remove him.
Tiong is CEO of Kuala Dimensi Sdn Bhd (KDSB), the main developer of PKFZ and whose company is under investigation by Ong’s ministry. Tiong had dropped a bombshell when he claimed that he had made a RM10 million donation to Ong “for MCA party purposes”.
Ong had also confirmed that the party’s treasurer-general Tan Sri Tee Hock Seng has been called up by MACC regarding the RM10 million donation by Tiong.s
Friday, August 21, 2009
- Ask you to invest in the business, few thousands for a membership.
- They will pay you very high dividend every months. they claim it is a very profitable Biz.
- You entitle to recruit/introduce member, the more member you introduce, the higher money you will get.
- The company main focus is to get more members to joint them, the actual cash flow is coming from the membership fees, not the income from running the Biz.
STUDYING THE ABOVE FACTORS, IT IS NOT DIFFICULT TO GET A CONCLUSION:-
THIS IS A GET RICH QUICK SCHEME!
EVERYONE THAT JOINT THEM IS HOPING TO EARN A FORTUNE IN SHORT TIME, THEY ALWAYS BELIEVE THAT THEY WILL NOT BE THE ONE WHO LOSE MONEY.
THEY WILL TRY TO BRING IN MORE NEW MEMBERS SO THAT THEY WILL GET RICH QUICK, THOUGH THE MEMBER THEY BRINGING IN MAY BECOME THE VICTIM LATER.
A SCHEME LIKE THIS WILL NOT LAST LONG.
WHY SACRIFICE YOUR RELATIVES & FRIENDS FOR OWN BENEFITS ?
(PICTURE: GEORGETOWN, PENANG ISLAND)
Wednesday, August 19, 2009
When the economy has hit the bottom & start to recover,
When the interest rate has reach the bottom & still at the bottom,
The risky assets will now become not so risky & appear to be rewarding,
The FD is not safe anymore if the assets price rebuke the trend & turn upward. You will only getting a negative real return on your FD.
You have the following choices:-
- Buy shares, if you know how to pick a good under value stock.
- Buy 1 Malaysia Fund, if you know nothing about shares, and dare not to take risk. This is safe because it's fixed price fund at RM1.00, you will never lose & stand a better chance to earn returns higher than FD rate.
- Do nothing, remained 100% in FD & get negative real returns on your hard earned money. (Picture : Queensbay, Penang )
Friday, August 14, 2009
When young, the priority should be learn Investing, save more & Invest.
Friday, August 07, 2009
Saturday, August 01, 2009
- I oppose UMNO PAS Talk.
- Oppose to Kedah's Pas latest unreasonable decisions.
- A stronger Pas has shown it's ugly face on implementing 'islamic state'
- Encourage by various reforms measures taken by Najib, though more actions on REFORMS are needed.
His death is likely to set off yet another by-election battle between Pakatan Rakyat (PR) and Barisan Nasional (BN).
It will be the eighth by-election for either federal or state seats since last year's general election.
Penang has become a stronghold for PR especially since it is the home state of Datuk Seri Anwar Ibrahim and DAP's Lim Guan Eng is the chief minister.
But the change of leadership in the federal government and Umno has given BN a boost, with the ruling coalition looking to have gained some momentum in its rivalry with PR.
In the recent Manek Urai by-election in Kelantan, which is an even bigger stronghold of PR, the PAS candidate scraped by with a wafer-thin majority.
Mohd Hamdan was a two term state lawmaker and was the former Penang PAS commissioner.
The 63-year-old leaves a wife and six children.
A Penang government official said Mohd Hamdan's body was expected to arrive in his constituency this afternoon for prayers and burial.
In the 2008 polls, Mohd Hamdan beat Umno's Ahmad Sahar Shuib by a majority of 5,433 votes.
Thursday, July 30, 2009
CSC is an undervalue stock traded at RM1.05, offered slightly above it's par value of RM1.00.
It is well managed & cash rich STEEL counter; It is profit making company even in 1st Qtr 2009, when almost ALL Steel Counter register LOSSES.
Now we have seen the global economy started to recover, steel price & demand already increased at least 20% from it's low, CSC will definite deliver BIG PROFITS in it's coming 2nd-3rd Qtr results.
Now you only pay RM1.05 for a stock that offer at par value, get expose to Steel Sector to enjoy the uptrend in steel price, plus a CASH RICH & WELL MANAGED company.
IT IS SLOW, BUT SURELY DELIVER! ANOTHER LOW RISK HIGH RETURN COUNTER
(Picture: Penang Georgetown)
Wednesday, July 29, 2009
Thursday, July 23, 2009
KUALA LUMPUR, July 22 — Expressing concern that the recent death of Teoh Beng Hock is a sign that the Malaysian Anti-Corruption Commission (MACC) has gone “rogue”, senior Umno leader Tengku Razaleigh Hamzah said that nothing should be spared in the effort to find out the reason behind the death of the DAP political aide.
Tengku Razaleigh also hit out at the MACC for investigating minor cases while ignoring major examples of graft.
He said that Malaysians no longer feel safe or secure if mere witnesses called in to give evidence to a graft busting agency could be found dead the next day. “I feel it is very bad for a country like this. We have been independent for 50 years. Must people called up for queries end up in a coffin?” he told The Malaysian Insider.
Teoh was the political aide to DAP state assemblyman Ean Yong Hian Wah.
Teoh was called in last Wednesday to assist the MACC in its investigations into alleged misuse of funds by his boss. He was found dead the next day, sprawled on the roof of the adjacent building to the MACC headquarters in Shah Alam.
Police are now probing his death and the Cabinet is expected to discuss widespread calls for a Royal Commission of Inquiry into the tragedy.
Tengku Razaleigh said calls for a Royal Commission of Inquiry into Teoh’s suspicious death would be of no use if the government does not follow through on its suggestions, pointing out that the government had ignored the recommendations of previous royal commissions such as the one that investigated the V.K. Lingam case of alleged judge fixing and on improving the police force.
He even likened the sidelining of previous royal commissions to “insulting the King.”
The former finance minister also spoke out against the performance of the MACC, pointing out that it has not been as effective as its counterpart in Hong Kong at wiping out the corruption scourge.
He hit out at the commission for allegedly going after potentially minor offences but ignoring the major ones, saying that the current MACC model needs to be reviewed.“This is a question of death you know. People want to know. I want to know. How could it happen? To a witness, who is going to give evidence and he is not even a suspect over the spending of RM2,400. Some people with millions of dollars, they get away with it and are not called for investigation.
Monday, July 20, 2009
Saturday, July 18, 2009
|Astro set to restructure operations, Khazanah involved|
KUALA LUMPUR, July 18 — Malaysian tycoon Ananda Krishnan is set to restructure his premier satellite television operator, Astro All Asia Networks, in a RM9 billion transaction that will rank as the region's largest corporate exercise so far this year.
Under the proposed corporate deal, Astro's two main shareholders — the Ananda-controlled private investment company Usaha Tegas and Malaysia's state-owned Khazanah Holdings — will acquire the satellite television company's fledgling and still unprofitable international business interests.
The planned hive-off of its international business will turn the Malaysian-listed Astro into a clean entity that will house its profitable domestic operations, bankers close to the transaction told The Straits Times.
The corporate restructuring exercise, which could be announced as early day after tomorrow, will also feature a major sweetener for the company' shareholders.
The company is set to announce a one-off dividend payment of about RM1 per share, the bankers said, adding that the whole deal will value Astro at around RM9 billion.
The planned transaction is set to remove the drag on Astro's share performance, which has been bogged down by problems in its international operations.
Speculation that a restructuring is imminent has re-ignited interest in the stock in recent weeks.
Astro shares, which have been hovering at just under RM2.80 apiece for much of the year, currently trade at around RM3.50 apiece.
A windfall for shareholders is emerging as a hallmark of Ananda's large corporate manoeuvres.
When he launched his buyout of his listed mobile telecommunications company, Maxis Communications, in May 2007, he paid sharp premium for the shares held by the public in a deal valued at over RM16 billion.
According to bankers involved in the Maxis transaction, government-controlled entities such as Khazanah, Permodalan Nasional, the Muslim pilgrimage fund Tabung Haji and the two national pension funds collectively received just over RM7.5 billion for their holdings in the mobile telco.
Under the soon-to-be-announced Astro transaction, Khazanah, the state investment agency modelled along the lines of Singapore's Temasek Holdings, will receive close to RM340 million from the dividend payout, bankers with knowledge of the deal said.
Khazanah will also retain its 22 per cent interest in the listed Malaysian entity and control a roughly 33 per cent stake in the private vehicle that will house Astro international business.
Ananda's Usaha Tegas and its other affiliates will control the remainder in the yet-to-be-named private entity, the bankers said.
Over the past decade, the 71-year-old Ananda — who is ranked as one of South-east Asia's wealthiest tycoons — has emerged as a powerful force in the region's multimedia sector, with Astro and Maxis forming the cornerstones of his new-media empire.
Astro, which has invested over RM1 billion to develop its own content for the region's large Malay-language speaking population, beams its services to more than three million households currently. Bankers say the company's customer base could hit 3.5 million in the next three years.
But results from its overseas investments have been mixed.
Its foray into Indonesia, under a joint venture project with the powerful Lippo Group controlled by the Riady family, has been a disaster.
Astro is now caught in a messy legal wrangle with Lippo and has been forced to make provision for losses of just over RM1 billion for its investment in the Indonesian venture.
The company has moved into the entertainment and media markets in India, China and other parts of South-east Asia, and bankers estimate that Astro will require investment of over RM1 billion in the next three years to develop these markets. — ST
I have notice one counter that Investor can buy at cheaper price & still enjoying the potential on Astro.
Will reveal the name after I bought on Monday.