Thursday, May 17, 2012

Can this dead cat bounce back


Can this dead cat bounce back ?
I doubt ! I doubt !
As a small fish and "unwanted","unexciting " , unplanned "longlonglong...................." term investor,
I better have a good night sleep and stay away as long as I or you can.

Tuesday, May 15, 2012

No election(not yet ) and the blue chips drop...

DLADY 32.30 71 -0.500


BKAWAN 18.30 403 -0.380

KLK 22.90 2,086 -0.300

SHELL 9.70 120 -0.300

NESTLE 54.60 33 -0.280

CARLSBG 10.54 1,165 -0.260

JTIASA 8.58 1,198 -0.260

TWS 9.52 2 -0.240

TSTORE 2.07 1 -0.230

TAANN 6.07 1,026 -0.230

No annoucement for the coming election and the blue chips drop like hell ............
anyone dare to catch the falling knife for a quick rebound or another slow death.....

Saturday, May 12, 2012

Election Coming !


Show of strength Umno members listening to party president Datuk Seri Najib Tun Razak (right) during the 66th anniversary celebration at the National Stadium in Bukit Jalil, Kuala Lumpur, yesterday. During the event, party leaders pledged to continue to champion the Malays and defend Islam.


 
 
http://thestar.com.my/news/story.asp?file=/2012/5/12/nation/11280380&sec=nation
 
so election will be called soon!!!!
Just a Prediction!
 
Parliament dissolving May 14 2012
Naming of Candidate 26 May
Election day 8 or 9 June



Friday, May 11, 2012

面子书首发股超额认购

http://www.nanyang.com/node/444846?tid=462
以此类推。。。。。。


面子书首发股超额认购


财经天下 2012-05-11 17:49

(纽约11日讯)消息人士透露,面子书(Facebook)即将上市发行的股票已经被超额认购。

这一全球最大的社交网络日前开始上市前的路演,试图吸引更多投资者的注意。
这位消息人士向路透社记者说,虽然面子书增长速度放缓、估值高高在上、移动用户广告营收前景并明朗,但截至目前机构投资者认购的股票数量已经超出了其计划发行量。
另一位了解IPO进展的人士告诉路透社,一家大型机构周三认购了大量的面子书股票,并要求承销商团队卖给他们更多的股票。但他拒绝透露这家机构的名称,因为目前这些细节还未公开。
面子书也拒绝发表评论。









Tuesday, May 1, 2012

Bersih 3.0: Najib the biggest loser — Koon Yew Yin


http://www.themalaysianinsider.com/sideviews/article/bersih-3.0-najib-the-biggest-loser-koon-yew-yin/
Najib the biggest loser from Bersih 3.0 by Koon Yew Yin


The Bersih 3.0 rally at Dataran Merdeka has thankfully passed without any major outbreaks of violence but there are recorded scenes which show how it could have so easily gone the other way.
A report by Aljazeera showed bloodied demonstrators and the unwarranted use of teargas and water cannons on sections of the crowd.
According to Harry Fawcett, the Aljazeera correspondent covering the event, the police were extremely heavy handed, kneeing and slapping some of the demonstrators who had broken through the barricades.
The police also busted the station’s television camera in an attempt to prevent their violent and unlawful acts from being filmed. The police also had the temerity to threaten and act harshly towards the reporters.
Forced to improvise by using Skype, Fawcett was still able to show ugly images of the country’s police and authorities which have been broadcast all over the world as well as uploaded on You Tube.
In an analysis of the aftermath, our respect and congratulations must go to the Bersih participants that congregated in Kuala Lumpur as well as in other major cities. The estimated 100,000 crowd were remarkably well behaved and acted with decorum and good sense.
It is a tribute to the political maturity of the enormous crowd converging on Dataran Merdeka from all over the country and of their commitment to peaceful political reform that they did not allow themselves to be provoked.
Despite all the official threats and coercion, despite the roadblocks placed to prevent them from reaching the venue of the rally, they still kept their cool. They showed the Barisan government and other Malaysians that they are made of sterner stuff and that they will not give in meekly to crude authoritarian intimidation.
Only one episode marred the conduct of the protesters. Footage from the police website shows a police car being overturned while a video clip on You Tube from a bystander showed the vehicle going out of control and hitting the kerb (see video).

There are conflicting accounts of this incident but you can expect the police to milk public sympathy based on this portrayal of protestor violence.

In the next few days, the government and Bersih as well as the opposition will claim success in achieving their objectives with regard to the outcome of the rally. The government will no doubt crow through the official mass media as to why they have won an important victory.

Already the police are claiming that it was the demonstrators who were responsible for the violence that took place although unofficial reports indicate that more than 60 demonstrators were beaten up.

The demonstrators have their side of the story. According to one of them in reference to the breaching of the barricades at Dataran Merdeka: “Hello PDRM don’t come and give us this crap OK! You guys partially opened the barriers making us think that we could go in, and without warning you started your tear-gassing. Worse still you ordered all the [LRT] stations to close their shutters preventing us from getting back.”
Whichever way the story is spun it is clear that the biggest loser is Prime Minister Najib Razak.

Where was the prime minister when all of this was taking place? He was in Kuching. Did he not care about what was happening in Kuala Lumpur? Apparently not.

In fact, the Prime Minister was an invisible man not only on April 28 but also throughout the entire week of official posturing on the rejection of the Bersih venue in the run-up to the rally. Hiding behind the sarong of the city mayor, Ahmad Fuad, the prime minister was guilty of an official conspiracy to have the Dataran Merdeka designated as a security site to prevent Bersih from gathering there, and therefore heightening the official rhetoric to deny and intimidate the protestors.

An activist was quoted as saying on the eve of the rally: “We appeal to the good sense and stewardship of the prime minister – as prime minister of the country, and not just of Barisan Nasional … the prime minister has the authority to overrule DBKL (Dewan Bandaraya Kuala Lumpur) and the police. All he has to do is make a phone call and allow Bersih to go on at Dataran Merdeka.”

That phone call not only did not materialize but the prime minister seems to have put his tail between his legs and headed out of the capital during a time of crisis.

What Najib should have done
Najib should not only have permitted the use of Dataran Merdeka but he should have facilitated his fellow Malaysians to attend the gathering there.

If he had any political acumen he should have instructed the various agencies of government to facilitate the rally by arranging for mobile toilets, Red Crescent assistance for the old and infirm (many thousands of elderly took part, some in wheel chairs!) and provided nasi bungkus (through his 1Malaysia Foundation) for the many poor who could ill afford to eat at the stalls.
He could have unclogged the roads and saved everyone the traffic mess caused by the police barring entry to the square.

He should have also offered to make a speech at the gathering – standing side by side with the Bersih and other rally leaders – to explain his agenda of democratic and electoral reform.

That way, he could have burnished his image in Malaysia and around the world as a reformist leader. He also would have scored political points which could have tilted the coming elections in his favour.

Instead he made a monumental political boo boo which is likely to seal his fate as the last Barisan Nasional prime minister of the country.





Sunday, March 11, 2012

HDBS; GUAN CHONG BUY!

Comments
Guan Chong; Buy; RM2.60
Price Target: RM2.80; GUAN MK
Updates from FY11 results briefing
At its post-results analyst briefing held yesterday, Guan Chong provided more information on the FY11 financial performance as well as an insight into its business outlook.

For the whole of last year, total production tonnage was 126.6 MT (+57.5% y-o-y) while sales tonnage stood at 108.9 MT (+37.5% y-o-y), led by higher output from its new plant in Batam. This lifted FY11 revenue to RM1,382.8m (+19.2%) with net profit coming in at RM123.0m (+21.6%), which was within our expectations.

This year, Guan Chong expects to grind 170k MT of beans (versus our assumption of 175k MT). We gather that the Group has already secured orders for 140k MT of its existing capacity (80k MT in Pasir Gudang and 60k MT in Batam). It is in the midst of increasing its annual grinding capacity by another 60k MT in Batam (commissioning is targeted around April/May this year), which will also widen the product range to
include cocoa powder and deodorized butter.

When the Batam plant Phase 2 expansion is completed (at a cost of RM90m, in addition to the RM60m investment already spent in Phase 1), Guan Chong would rank as the fifth largest cocoa processor in the world based on total production capacity of 200k MT. Leveraging on its growing size, it has secured three new clients (Transmar Commodity Group Ltd, ADM International Sarl and Euromar Commodities GMBH) last year and is currently in advance negotiations with two MNCs for new sales orders.

The Group has ventured downstream as part of its expansion plan, which will benefit from higher in-house consumption of cocoa ingredients too. It has recently purchased a factory near Port of Tanjung Pelepas in Johor for industrial chocolate production. After investing RM12m in the factory and with a further capex requirement of RM30m, the industrial chocolate plant capacity is expected to rise from 2.4k MT/year
currently to 10.4k MT/year by 1Q13. Nevertheless, profit contributions from this venture (which barely broke even last year) will likely be negligible in the initial years.

Meanwhile, the recent weakening of the USD against the Ringgit – from RM3.17 per USD end-Dec to RM3.01 currently – could lift the Group’s 1Q12 earnings. This is attributable to a lumpy forex translation gain arising from its USD loans (amounting to USD324.4m as at 31 Dec 11, translating to an estimated paper profit of RM52m based on the exchange rate differentials). Assuming the USD remains weak vis-àvis
the Ringgit, the reverse effects would be felt over time as Guan Chong is a net loser of a falling USD since nearly all receivables (exports account for c.95% of sales) and payables (mainly for bean purchases,c.80% of revenue) are denominated in USD.

We maintain our net profit forecasts at RM131.8m (7.2% y-o-y) in FY12 and RM149.6m (13.5% y-o-y) in FY13 (please refer to our Company Focus report dated 2 February 2012 for more details). Reiterate our Buy rating with RM2.80 TP (pegged to 8x FY12F FD EPS of 35 sen). Together with an expected dividend yield of 5.5% – based on our FY12F DPS of 12.4 sen and a final tax-exempt DPS of 2.0 sen declared in 4Q11 –this translates to a total potential return of 13.2%.

Monday, February 6, 2012

1CARE : EYES WIDE OPEN

Eyes Wide Open has written an interesting BLOG POST which lists down all the salient points which trouble the proponents of Tak Nak 1 Care , have a good read.
Related Posts with Thumbnails