Monday, January 31, 2011
Tuesday, January 25, 2011
It's Common Sense for Institutional Fund Selling_WHY NOT ?
The equity market in the region is under correction mode after a good run in the first two weeks of January.
All funds that invested in Asian has made a double digit returns for their fund.
It's common sense they took profits now for their fund to realise this good profits.
We will see those highest performing counter to be badly hit in this correction, never go in to average down as we do not know when the Fund Manager will stop dumping the shares.
Let's the selling finished their job first. Just stay sideline & wait for the market to settle down.
All funds that invested in Asian has made a double digit returns for their fund.
It's common sense they took profits now for their fund to realise this good profits.
We will see those highest performing counter to be badly hit in this correction, never go in to average down as we do not know when the Fund Manager will stop dumping the shares.
Let's the selling finished their job first. Just stay sideline & wait for the market to settle down.
Wednesday, January 19, 2011
MASTEEL + KUB = RAIL TRANSIT SYSTEM KNOW HOW ?
IN MALAYSIA, ANYTHING IS POSSIBLE, A STEEL BAR COMPANY ALSO CAN GET PROJECT FOR RAIL TRANSIT SYSTEM ! WHERE IS THE TECHNOLOGY KNOW HOW & TRACT RECORD ?
Masteel, KUB to jointly run inter-city rail transit system in Iskandar Malaysia
January 19, 2011
KUALA LUMPUR, Jan 19 – Malaysia Steel Works (KL) Bhd (Masteel) and KUB Malaysia Bhd today signed a joint-venture agreement to jointly build and operate 100km inter-city rail transit system costing RM1.23 billion at Iskandar Malaysia in Johor.
The system will also be linked to the Mass Rapid Transit line in Singapore.
Masteel and KUB will hold 60 per cent and 40 per cent stakes, respectively, in the joint-venture company, Metropolitan Commuter Network Sdn Bhd.
The proposed inter-city rail transit will have up to 25 commuter stations in major towns in the Iskandar Malaysia economic corridor in the initial stage.
“We will use the existing Keretapi Tanah Melayu rail and will add four new stations in the growth areas along KTM’s rail path,” said Masteel managing director and chief executive officer Datuk Seri Tai Hean Leng.
Tai said the project would be funded through equity and bond issue and operations of the inter-city rail transit would be based on a 25-year concession period.
Speaking at the signing ceremony, Tai said this was a major infrastructure project in Johor which would undoubtedly be the prized “jewel” of the state as it would greatly boost its connectivity and economy.
KUB managing director Datuk Mohd Nazar Samad said the project would serve KUB Group not only in the construction area, but also in the industrialised building system supply for Kempas Baru development and facility management as well being part of the company’s property, engineering and construction sector.
“Our information, communications and technology sector will also benefit from the integrated IT systems on ticketing, collection and security,” he said.
The project, to be undertaken in three phases, is expected to be completed in 24 months from project commencement.
“We hope the agreement with the government will be completed within this year and we expect to fully operate at the end-2013,” said Tai.
The project has two components: the “Build Transfer” of the rail transit infrastructure and the “Own Operate” of the inter-city train system.
“We are still having discussions to use the suitable electricity train coaches and we are looking at China and European countries,” he said.
On the socio-economic front, Tai said this project would ease traffic congestion, estimated to grow at 4.2 per cent every year along Johor and Singapore.
About 70 per cent of the construction cost of the rail transit infrastructure would be funded under the Public-Private Partnership scheme.
“With this project, we will see constant recurring income and we will be the first private train operator in Malaysia,” Tai added. – Bernama
Tuesday, January 18, 2011
寧買財務不穩的公司
周顯
【明報專訊】一家公司的財務結構究竟怎樣才算是完美？財務學的教科書不是說，要財務穩健，才叫做好的嗎？為什麼周顯大師你這「dropdead」(這個名詞不能寫中文)胡說八道，竟然支持高負債的公司呢？
如果你去經營一盤生意，當然得財務穩健，照足教科書的指示去做，但是，如果你去買一隻股票，那又是另一回事了。
朋友介紹美女給我認識，如果是高貴美麗、受過高等教育，人又清高不貪財，通常遇這種情，我會說不用介紹了。一個這樣高級的女生，會喜歡我嗎？大把名家公子可以選擇了。
同樣地，如果一個美女要找老公，我會叫她現實一點，樣偏衰、年紀偏大、孤寒、無錢，最少得挑一至兩樣，否則她將永遠當老姑婆。
優質資產能解財務問題
同樣地，一隻股票，一定有其壞處，否則股價早已飛了上天，買到了也是極大的風險。而我最喜歡選擇的，就是財務結構並不穩健，但有很優質資產在後面的那一種。
因為有優質資產，所以它就算是真的出現了財務問題，也會吸引到投資者去投入，為它解決問題。例如說，在金融海嘯時的高盛，便有巴菲特去打救。當然了，如果它沒有優質資產，那就是「聽執笠」了。
在投資市場，要發大達的機會只有三種，一種是在金融危機時買入，一種是在它轉型(turning point，例如虧轉盈，或盈利起飛，或注入資產)時買入，一種就是該公司的財務結構不穩時。我永遠都在尋找這三種機會。至於那些什麼條件都是第一流的公司，通常「值博率」都不高，還是留給the man in the street去追求吧。
Tuesday, January 11, 2011
WAITING FOR A NEGATIVE NEWS
The KLCI has been rising fast for past 1 month.
Break record high almost daily for the past 1 week !
The 2nd & 3rd liner may have room to play catch-up with the index, but I believe the market is waiting for a negative news to make a meaningful correction.
it's time to have a rest & reduce the position.
Re examine your portfolio & prepare for the shake -up.
The BULL will be stronger to chart new high after the shake-up.
(Will Foreign Fund enter Malaysia after they profit taking from Indonesia ???)
Break record high almost daily for the past 1 week !
The 2nd & 3rd liner may have room to play catch-up with the index, but I believe the market is waiting for a negative news to make a meaningful correction.
it's time to have a rest & reduce the position.
Re examine your portfolio & prepare for the shake -up.
The BULL will be stronger to chart new high after the shake-up.
(Will Foreign Fund enter Malaysia after they profit taking from Indonesia ???)
Subscribe to:
Posts (Atom)