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.
Monday, July 06, 2009
Lion Corp, Lion Div up in active trade
The Edge:KUALA LUMPUR: Shares of Lion Corporation and Lion Diversified rose in early trade on news of a possible merger between the two companies to consolidate the steel operations.
At 9.26am, Lion Corp and Lion Diversified rose 1.5 sen each to 45.5 sen and 55 sen each. Lion Corp saw 8.1 million shares done and Lion Diversified 6.38 million units transacted.
The FBM KLCI fell 4.13 points to 1,068.56. Turnover was 76.06 million shares valued at RM34.84 million.
The Edge weekly reported that the shareholding structure of the Lion group had undergone some major changes over the last few months.
Lion Diversified now holds a 59% stake in Lion Corp, which is the holding company for various listed Lion companies. The Edge reported the development could see a merger of Lion Diversified and Lion Corp to consolidate their steel operations.
THE REAL TRANSFORMATION NEEDED BY LION GROUP IS A RESTRUCTURING EXERCISE THAT BRINGING IN A WORLD CLASS LEADING STEEL MILL AS STRATEGIC PARTNER.
THAN IT WILL BE A REAL LION. NOT A CAT!
(Picture: Penang Ferry )