Farewell 2010, Welcome 2011 !

 

Happy New Year and have a Wealthy and Healthy 2011.

No trading on 31/12/2010.

BURSA Malaysia will be closed tomorrow (31/12/10 Friday), thanks to Malaysia football team who won their very first AFF Cup last night by beating Indonesia 4:2 on aggregate.

Prime Minister declared a public holiday after the win yesterday. Therefore, Bursa will close one day earlier for 2010.

Hopefully our football team will win more tournament and more holiday to come.

Well done Harimau Muda Malaysia ! Don't stop there, continue the revival of our country football standard. Lets qualify for Olympic and also World Cup.

Malaysia Boleh !

MALAYSIA BOLEH !

Malaysia beat the odd to win their very first AFC Cup. Even though there were down 1:2 in second leg but won on aggregate of 4:2.

Again the match was dominated by Indonesian side but with good defending and some luck, Malaysian youngsters held on the 0:0 at the end of first half. Then leading 1:0 before Indonesia fought back with 2 late goals.

Malaysia should thanks their goalkeeper by saving the first half penalty kick.

Malaysia's goal was again scored by Safee Sali. He looks like late Mokhtar Dahari.

The chances of winning the tournament was well written-off after losing their first game to Indonesia 1:5. It was really a surprised to see them ending the campaign with the trophy.

The team has improved since Commonwealth Game to Asian Game, there peak at the right time.

It was against all odds to win the cup with the depleted team, with several key players injury before the start of tournament.

Hopefully FAM will continue rebuilding the team and the standard of our football. Even though we won but our standard is still long way to go, so don't stop there yet.

Europe trip for the squad was well spent, the team are young but played maturely and confidently.


These squad should be retained and further improved their game. Hopefully there will win more cups and tournament in future, or even qualified for Olympic and World Cup.



The gold medal won in SeaGame was not a fluke !

Syabas, RAJAGOPAL !!!

RM21 mil 4D Jackpot WON !

Magnum 4D Jackpot produced another multi-millionaire, or may be multiple millionaires if the winning ticket was shared by several people.

Phew, RM21 millions ! How to spend this huge money, only these winner will know.

Today first 3 winning numbers, 4474, 1756 and 2869.......

The winning ticket was bought at Limbang, Sarawak as reported in Magnum website. Jackpot 2 ticket also bought at the same place, it could be bought by same person.

If both jackpot are won by same person, oh man, he must be SO SO SO lucky.

Four more major foreign banks join MEPS

Following the announcement of Citibank to join Malaysian Electronic Payment System Sdn Bhd  (MEPS) recently. Four more major foreign banks in Malaysian also voice their intention to join MEPS next year.

There are HSBC Bank Malaysia Bhd, OCBC Bank (Malaysia) Bhd, United Overseas Bank (UOB) (Malaysia) Bhd and Standard Chartered Bank Malaysia Bhd.

Withdrawing money and balance enquiries from automated teller machines (ATM) is going to be easier and convenient to Malaysian and also travelers, especially foreigners who visiting Malaysia.

According to Bernama, currently there are 16 banks in the MEPS shared ATM Network and about 10,000 ATM machines nationwide.

Major Economic Events In Malaysia 2010

All’s well that ends well for 2010, written by Cecilia Kok, The Star Online.

THE year 2010 has definitely been a year of emerging markets, with Asia (excluding Japan) in the spotlight because of its strong growth.

What started with great expectation that the global economic recovery would take root in 2010 has not disappointed. This is despite the fact that it has not been an easy journey, with many economies still plagued with varying degree of cardiac risks.

Still, we can take heart that 2010 will close with recovery hopes intact for many economies and a convincing growth story for Asia. The latter is expected to carry through into the next few years.

StarBizWeek reflects on some of the major economic events, especially in Malaysia, over this one year, and perhaps, draw some lessons from them.

January
Bank Negara was still vigilant of the impact of external uncertainties on Malaysias economy; hence, it maintained the countrys benchmark overnight policy rate (OPR) at its historical low of 2% to encourage domestic economic activities.

February
Malaysia announced its officially out of recession, after data showed its GDP for the fourth quarter of 2009 grew 4.5% y-o-y, compared with a contraction of 1.2% y-o-y in the preceding quarter.

March
Bank Negara started interest rate normalisation process, raising the OPR to 2.25%, in a pre-emptive move to prevent the buildup of financial imbalances amid a recovering economy.

April
Malaysia saw its ringgit strengthening, reaching a two-year high against the US dollar, after it broke through the 3.19 level.

May
Bank Negara raised the OPR further to 2.5%, as Malaysias GDP for the first quarter accelerated at the fastest pace in 10 years to 10.1% y-o-y.

June
Prime Minister Datuk Seri Najib Tun Razak unveiled the 10th Malaysia Plan (10MP), covering the road map for the countrys economy over the next five years (2011-2015). Targets in the 10MP included a GDP growth rate of 6% annually, a 12.8% annual growth in private investments, and halving of the Governments fiscal deficit from an estimated 5.3% of GDP in 2010 to 2.8% of GDP in 2015.

July
Unpopular but necessary, Malaysia began its subsidy rationalisation programme. Prices of petrol and diesel were raised by five sen, LPG natural gas up 10 sen and sugar up 25 sen.

August
Ringgit hit 13-year highs against the US dollar, after Bank Negara said it would relax currency controls, and as Malaysias economy grew at a strong 8.9% in the second quarter. Leading indicators, however, pointed to slower growth ahead for the countrys economy.

September
Ringgit hit a fresh 13-year high against the US dollar, breaching the 3.10 level. Bank Negara maintained the ban on offshore ringgit trade and refrained from raising interest rates.

October
Najib unveiled Budget 2011, with strategies aimed at supporting the Governments effort to transform Malaysias economy. Economists described the budget as practical and prudent, without any major surprises.

November
RON97 petrol price in Malaysia was raised five sen to RM2.15 per litre, as the country continued its subsidy rationalisation plan.

December
Malaysia intensified its subsidy rationalisation programme. RON97 petrol price went up a further 15 sen to RM2.30 per litre; RON95 petrol and diesel both were up five sen to RM1.90 per litre; LPG was up five sen to RM1.90 per kg; and sugar up 20 sen to RM2.10 per kg.

More details, The Star Online.

Merry Christmas

Ho ho ho ho ! Merry Christmas to everybody.

Top 10 Video Games

1. "Red Dead Redemption" (Rockstar, for the Xbox 360, PlayStation 3)
2. "Mass Effect 2" (Electronic Arts, for the Xbox 360)
3. "Rock Band 3" (MTV Games, for the Xbox 360, PS3, Wii)
4. "Dragon Quest IX: Sentinels of the Starry Skies" (Square Enix, for the Nintendo DS)
5. "Enslaved: Odyssey to the West" (Namco Bandai, for the Xbox 360, PS3)
6. "Nier" (Square Enix, for the Xbox 360, PS3)
7. "Dance Central" (MTV Games, for the Xbox 360)
8. "BioShock 2" (2K Games, for the Xbox 360, PS3)
9. "Darksiders" (THQ, for the Xbox 360, PS3)
10. "Fallout: New Vegas" (Bethesda Softworks, for the Xbox 360, PS3)

For more details.

Why DRBHICOM shares active and closed higher?

The deal between VW and DRBHICOM is the reason why the shares was traded actively and even closed higher. The shares soared to RM1.93, the highest since late October 2007.

Here are the news extracted from Business Times, written by Francis Fernandez.

Deal with VW sends DRB-HICOM soaring

The stock closed 15 sen higher at RM1.93 yesterday, a level unseen since late October 2007
TAN Sri Syed Mokhtar Al Bukhary's DRB-HICOM Bhd (1619)yesterday closed at its highest level in 36 months, helped by its pact with Volkswagen AG, the world's second largest carmaker, to assemble VW cars here.

That DRB-HICOM is poised to start delivering tangible gains from its past asset acquisition and restructuring exercises also boosts the stock.

Syed Mokthar owns more than 55 per cent of DRB-HICOM.

He has injected some power and banking assets, since taking over the company in 2004 to add to the group's auto business and concession-based businesses such as those from Puspakom Sdn Bhd and Alam Flora Sdn Bhd.
The stock closed 15 sen higher at RM1.93 yesterday, a level unseen since late October 2007.

DRB-HICOM is scheduled to sign an agreement with VW in Kuala Lumpur today to assemble the German marque at its plant in Pekan, Pahang.

DRB-HICOM, the country's cheapest conglomorate, beat national carmaker Proton Holdings Bhd to get the VW contract.

The group assembles some auto models for Daimler AG's Mercedes-Benz, Honda Motor Co, Isuzu Motors Ltd and Suzuki Motor Corp as well as motorcycle engines for Honda, Suzuki and Yamaha Motor Co.

Its auto division contributed about 57 per cent of the group's revenue in the fiscal year ended March 31 2010. Revenue for the year just ended stood at RM6.31 billion, a record for the company since it started trading publicly in 1992.

Analysts said DRB-HICOM is also poised to register for the third time in a row a revenue of more than RM6 billion in the financial year ending March 31 2011.

In 2009 and 2008, DRB-HICOM's revenue stood at RM6.31 billion and RM6.1 billion respectively.

Last Thursday, Hwang-DBS said its maintaining its target price of RM3.55 a share on DRB-HICOM.

"The company is awaiting a conversion of letter of intent to letter of award for 257 AV 8x8 armoured vehicles which together with other works could amount to RM8 billion. We have yet to impute this into our earnings," Hwang-DBS said in the report last week.

Earlier this month, the Singapore firm had come out with its maiden research call on DRB-HICOM. To date, it is the only brokerage that covers the company.

Valuation wise, DRB-HICOM is currently trading at a single-tier price to earnings of about 5.72 times. Bursa Malaysia's composite index which tracks the 30 blue-chip stocks on the exchange, as at the close yesterday had a price to earnings of 17.12 times.

Good year for stock market

With the end of 2010 getting closer, how was KLSE or Bursa Malaysia performance this year. Is it good or bad?

Here are the article named, "Good year for stock market" which was extracted from The Star Online and written by YVONNE TAN.

IT has been a good run for the stock market this year with the key benchmark index reaching a record high of 1,528 points on Nov 10.

Year-to-date, the FBM KLCI has yielded a return of about 29% in US dollar terms (18% for the index alone), outperforming the Dow Jones Industrial Average and some Asian markets including Japan, Hong Kong and Singapore.

“It has been another good year for Bursa even after a strong rebound in 2009,” says Danny Wong, chief executive officer at Areca Capital Sdn Bhd

Bursa Malaysia emerged as the fourth best performing Asian market in US dollar terms, while in local currency terms, the market ranked fifth in Asia.

“Compared to the start of the year when most market watchers were predicting the local index to close somewhere between 1,350 and1,450 points, the closing market level for 2010 (1,509.10 as at Dec 15) is definitely better than expected,” says Pankaj Kumar, chief investment officer at Kurnia Insurance (M) Bhd.

For foreign fund managers, the market’s gain of close to 18% this year was on top of the 11% rise of the ringgit itself during the course of the year and hence bumping up their returns for the year, he adds.

Market sentiment really picked up only in the middle of the year, driven by strong newsflow including the announcement of the Economic Transformation Programme (ETP) which was announced on Sept 21.

The ETP is a major economic programme encompassing mega projects and which is expected to propel the nation from a middle-income nation to a high-income one by 2020.

“That generated enough buzz and gave investors a reason to buy into the market as it could create a sorely needed new domestic investment cycle,” says Gan Eng Peng, head of equities at HwangDBS Investment Management Bhd.

“Secondly, political opposition faded (by mid-year), and with it a more stabilised view by domestic funds.

Thirdly, the return of foreign funds, attracted by the strong currency, decent economic outlook and the fashionable South-East Asian investment theme of the moment, this drove our market to new highs towards year-end,” Gan says.

Quantitative easing, which is basically the act of printing money to boost ailing economies, by the United States helped flood Asian markets this year as the money found its way into this part of the world in search of higher returns.

The latest “quantitative easing” by the Federal Reserve, also known as the QE2, will create US$600bil in greenback cash, likely to make their way here as well given the anaemic growth trend in Western economies.

It will add to the US$1.7bil the Fed injected into the economy between 2008 and 2009 under the first QE.

A lot of concerns have been raised as to what will happen when economic fundamentals change and the “hot money” is pulled back from Asian markets.

However, Prime Minister Datuk Seri Najib Tun Razak said recently the flow of “hot money’’ into Malaysia had not reached an alarming rate and that the central bank had enough financial instruments to manage risks.

Stock performance

Based on information from Bloomberg, the best-performing member of the 30 index-linked counters this year up until Dec 15 in terms of price appreciation is RHB Capital Bhd.

The stock has appreciated by 60.19%, outperforming the Finance Index which inched up 25% in the same period.

Not surprising, being a financial group and therefore a proxy to the recovering economy.

According to a recent Bloomberg report, RHB Cap’s RHB Investment Bank overtook CIMB Group Holdings Bhd to become the No. 1 adviser on acquisitions of Malaysian companies for the first time since at least 2005, working on US$11.5bil of deals.

Axiata Group Bhd is second on the list, with the stock appreciating some 55% .

Axiata has telecommunication operations in the less mature mobile markets of Sri Lanka and Bangladesh and has been benefiting from a higher number of subscribers in these countries.

In contrast, Maxis Bhd which only houses its Malaysian operations made it to the top ten list of worst performing index-linked counters.

The stock has shed 1.86% from the beginning of the year until Dec 15.

Genting Bhd was third on the list, appreciating 50.1% as it enjoyed healthy contributions from its Singapore operations.

Gamuda, which is a frontrunner for the massive RM36bil mass rapid transit project, also made it to the top ten performing stocks, ending the year more than 44% higher than at the beginning.

Also on the top ten list are the two biggest banks in the country – CIMB, whose stock price appreciated some 37% and Malayan Banking Bhd, up 24%, as well as another financial group AMMB Holdings Bhd which added 33%.

Completing the list are PLUS Expressways Bhd which was up 34% following the proposed RM23bil disposal of its business to UEM Group and the Employees Provident Fund, Kuala Lumpur Kepong Bhd, a pure plantation play and beneficiary of steady crude palm oil prices – which added 29% and Petronas Dagangan Bhd, which went up 39%, thanks to its market leadership share.

Some of the other worst-performing index-linked counters this year included Sime Darby Bhd which lost more than 3.5%, no thanks to its RM2.1bil losses it suffered due to mismanagement and wrongdoings at its energy and utilities segment, and Malaysia Airlines which shed 9.64%.

The national carrier reported losses for its second quarter this year following a net profit of RM310mil, the quarter earlier due to paper loss from derivative trading stemming from its hedging policy.

However, it reversed its losses in the third quarter, due to a derivative gain.

Highlights to changes in Code on Takeovers & Mergers

Good move by Securities Commission to revise TakeOver and Merger codes, as the move helps address some of the loopholes.

 

Some of the analysts also said the revised code can strike a balance between shareholders' protection and attracting investors' funds.

Here are the highlights to changes :-

 

1. Malaysia-listed real estate investment trust (REITs) unit holders and foreign incorporated companies’ shareholders are given the same protection as shareholders of listed companies. At the moment, companies incorporated outside the country, such as some of the China listings on Bursa Malaysia are not subject to the Malaysian Code on Takeovers and Mergers.

2. Two new categories of persons acting in concert (PAC) are introduced. The first covers a company, its directors and shareholders as PAC if there is an arrangement between them that restricts the director or shareholder from making or accepting a takeover offer, or changing his or her shareholdings in the company. The second captures partners in a partnership as PAC if there is an arrangement that restricts them from making or accepting a takeover offer, or changing his or her shareholdings in the company.

3. A set of criteria for rebutting the PAC presumption is introduced. Parties who are genuinely not acting in concert are allowed to present evidence to prove that such is the case.

4. The conduct required of all parties — offerors, advisers and boards of offerees — involved in a takeover offer is clearly stated. This includes observing good standards of commercial behaviour, providing information to shareholders to enable them to make informed decisions, applying high standards of care to documents and information provided to shareholders, prohibiting activities that distort transparency and orderliness in the market, ensuring takeover offers are undertaken in accordance with time lines and prohibiting actions that could frustrate an offer.

5. A voluntary offer to be carried out with a higher acceptance threshold as a condition is allowed.

6. The settlement period in a takeover offer has been reduced from 21 days to 10 days for cash settlement and 14 days for share settlement.

7. Schemes of arrangement, compromise, amalgamation and selective capital reductions have the same effects as takeover offers, meaning they come under the SC as well. At the moment not all come under the SC.

8. A potential offeror or potential offeree is required to announce possible offers where there are unusual changes in the price of the potential offeree’s shares. Potential offerors will be prohibited from making a takeover offer within a period of six months should they deny making an offer.

9. Material changes in circumstances that occur upon the dispatch of documents or dissemination of information to shareholders by companies must be disclosed to the SC immediately.

10. Under the 2010 Code, an independent adviser who has been appointed by the board of an offeree will need to declare its independence from any conflict of interest or potential conflict of interest to the SC within three days of its appointment. No approval from the SC will be required for the appointment itself.

Why LCL Corp Bhd fell flat?

LCL Corp Bhd shares fell flat in an active trading today, Thursday, Dec 16 after it was warned by Bursa Malaysia Securities that it  faces suspension from Dec 23, 2010.

The shares price was down to 1.5 sen in the early trade. The falls definitely related to the suspension announcement.

LCL shares' 52 weeks high is 32.5 sen, on Feb, 2.

The Interior fit-out specialist risks being delisted this month if it fails to submit an appeal to the stock exchange by Dec 22.

Yesterday the company received a letter from Bursa Malaysia Securities saying:

(a) the trading in the securities of the Company will be suspended with effect from 23 December 2010; and

(b) the securities of the Company will be de-listed on 27 December 2010 unless an appeal is submitted to Bursa Securities on or before 22 December 2010 ("the Appeal Timeframe"). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

The company was badly hit by the Dubai financial crisis, faces suspension after it failed to come up with a regularisation plan.

So sad to see one of the counter that made money for me now face suspension. Hope there will come back soon and stronger.

KNM - My heart is bleeding

KNM shares price has been going up steadily for last few days. One should be happy about it but not me, if this happen in the early or mid last month then probably I will be a happier man. But not now, i am crying in my heart.

Why so sad, the story begin when I sold it on 25/11/10 few days before ex for Share Consolidation (4 to 1). Planned to sell then buy back after ex., but my plan backfired. Right after selling, it went up 2 cents, and it never look back after that.

Even the lowest price after ex of 1.91 still higher than my selling price of 0.47 (1.91/4).

Yesterday closed at 2.33 up 16 cents, and 2.51 now......

My crying heart became bleeding heart now !

The worst is, I was eagerly to buy back at any cost now. This is bad, getting EMOTIONAL on the counter, which is a no-no in the investment rules. Should I buy back???

Why KNM up? Could be due to theme play (ONG) and also having several good news lately.

What is ABS, BAS, DOHC, etc... on a car

Whenever you noticed or somebody tell you this car has ABS, BAS, CVVT, DVVT, DOHC, and bla bla... I guess your mind will go blank or trying hard to expand to characters.


Lets have a look at some of the more common ones and see what there are doing:

ABS (Anti-lock Braking System) – a system to prevent wheels from locking up when the brake pedal is depressed fully for long periods of time. It works by pulsating the brake fluid pressure so that the wheels are momentarily (milliseconds) released. This enables the vehicle to be manoeuvred to avoid obstacles to get out of danger compared to a conventional brake system that causes the vehicle to plough straight on when all the wheels are locked up. It works exceptionally well on wet surfaces but actually increases stopping distance in the dry.

BAS (Brake Assist System) – a system that senses the need for faster stopping as in an emergency and at the same time, reduces the need for long periods of high pressure on the brake pedal. This works in tandem with ABS to shorten stopping distance in the dry.

EBD (Electronic Brakeforce Distribution) – a modern brake fluid distribution system that is activated electronically to ensure the right amount of hydraulic force is distributed to each wheel. Earlier systems were mechanical, employing springs and metallic balls which did not take into account that the brake force requirements of each wheel could be different over various road surfaces and under variable vehicle loads.

VSC (Vehicle Stability Control) – a system that uses an electronic processing unit combining the ABS, EBD, BAS, engine management system (ignition and fuel systems) and sensors on the steering wheel, speedometer and yaw (longitudinal and latitudinal movements) of the vehicle. When the system, based on preset feedbacks from the sensors and the pendulum, recognises the signs of an impending skid such as when the wheels are losing traction during cornering, it does a number of things to reduce vehicle speed automatically. It slows down the engine speed by instant fuel and ignition adjustments while at the same time, applies or releases brake pressure on the relevant wheels. Also known as ESP (Electronic Stability Programme).

ETC (Electronic Traction Control) – a system that automatically applies the brakes on the wheel that is spinning so that power can be diverted to the wheel with the best grip on the road surface. Also known as VTC (Vehicle Traction Control).

VVT (Variable Valve Timing) – a system that lengthens the inlet and/or exhaust valve opening periods to increase gas flow according to engine requirements. This system enables the engine to idle smoothly and consumes minimal fuel at low engine speeds and at the same time, provides large volumes of gas flow into and out of the combustion chambers at high engine speeds for exceptional performance. Also known as CVVT (Constantly Variable Valve Timing), VLTC (Variable Lift and Timing Control) or proprietary names like V-TEC.

CVT (Continuously Variable Transmission) – a revolutionary transmission system that uses a belt connected to a drive pulley and a driven pulley that change their respective diameters due to centrifugal forces. The pulley diameter change effects the change in “gear” ratios – like the system of gears of a racing bicycle but without the mechanical connections.

DOHC (Dual Overhead Camshafts) – a system where the inlet and exhaust camshafts (that open and close the valves) are located and driven separately. This system not only improves valve performance but enables the spark plugs to be placed centrally in the combustion chambers between the two banks of camshafts.

For more details goto star-motoring.com.

Why Olympia actively traded?

Olympia shares was actively traded at Bursa Malaysia yesterday because there are keen to buy Tanjong's gaming unit Pan Malaysian Pools Sdn Bhd.

Olympia reported the news to Bursa Malaysia yesterday, in their statement to Bursa read as:

"OLYMPIA INDUSTRIES BERHAD has expressed an interest to acquire all the equity shares in Pan Malaysian Pools Sdn Bhd from Tanjong Public Limited Company."

OLYMPIA Industries Bhd, a unit controlled by Tan Sri Yap Yong Seong. Besides Tan Sri Yap, the other big name in Olympia is Genting Bhd's Tan Sri Lim Kok Tay.

NAZA brothers quit Kumpulan Jetson

Naza brothers quit Kumpulan Jetson as directors.


The Naza brothers, Sheikh Mohd Faliq SM Nasimuddin Kamal, 25 and Sheikh Mohd Nasarudin, 27 have resigned as directors for Kumpulan Jetson Bhd, effective from 13 Dec 2010.

It was announced to Bursa Malaysia on the same day.

Why they quit? Still looking and digging for answer...

Are they too young for the corporate world? Or inexperience? Who knows?

Will Kumpulan Jetson prosper or go down-hill after their resignation? Will see..........


Previous news on Kumpulan Jetson,
- Naza brothers resign from executive positions on Jetson board
- Jetson's termination of JV a sign of brewing tussle
- Shares of Jetson ED further force-sold
- NAZA's lack of luck with listed firms
- Jetson boardroom tussle brewing

Why BJTOTO Q2 earnings fall 36%?

BToto said the decline was due to  :-

1) Higher pool betting duty
2) Higher prize payout
3) Higher finance cost.

The Q2 earning fall 36% from RM102 million last year to RM65 million in 2010.

Their revenue downed 1.3% from RM857million to RM845million this year.

Meanwhile, earnings per share were RM0.487 against RM0.762, but there managed to declare a four sen dividend per share.

BToto said, “Sports Toto, the principal subsidiary, recorded a decrease in revenue and pre-tax profit of 2.1% and 39.2% respectively as compared to previous year corresponding quarter,” it said.

The decline in revenue was due to a lower number of draws while the drop in pre-tax profit was mainly due to the increase in pool betting duty from 6% to 8% with effect from June 1, 2010 coupled with higher prize payout compared to a year ago.

It said for the first half, the group recorded a marginal drop in revenue of 0.1% and a decrease in pre-tax profit of 32.2% when compared to the previous corresponding period.

Frankly, this is good news because my target price to buy is below RM4.00. Not an easy target !

Will take this good opportunity to buy if it goes down because of bad Q2 result.

The falls is going to be temporary and it will bounce back in long term especially with the reduction of Special Prizes winning amounts from 15 Dec onward.

Ha ha, you fall I catch !!! Is it a falling knife or gold bar !!! Will see........

How to drive in flooded road

Driving in heavy rain is a norm in our country, and sure one will force to drive through water-logged area frequently.

Mostly gone through without problem but it was a dangerous situation if it was not handle properly, you may face accident or even stuck in the middle of flood.

Here are the 10 tips to help you to drive through flooded road from Star-Motoring.

1. Assess how deep the flood water is. If there are vehicles already crossing, watch them and see how they struggle. If the flood level reaches a level higher than the bottom edge of the car door, the flood water may get into the car engine compartment. As a result, the engine may stall.


 2. Drive slowly and steadily through a flood. Try using the first gear in order to keep the car at a low speed level. Otherwise, they may create a bow wave, which often causes severe damage to cars and they are expensive to deal with.

 3. If aquaplaning takes place due to driving fast in the flood, take a light hold of the steering wheel and to lift the throttle off until the tyres manage to regain grip.

 4. Driving considerably fast through standing water may cause complete stalling, even if there is a small amount of water that gets into the engine. Those who drive a turbocharged petrol car or a car with a diesel engine should even be more careful since they are often the most vulnerable targets to stalling.

 5. Keep on revving to get the car engine running strong. You can do this by slipping the car clutch. This way, water may be prevented from entering the car exhaust to avoid stalling.

 6. Consider driving the car in the middle of the road or often known as the crown of the road. A flood is usually at its shallowest level in the middle of the road.

 7. Avoid driving in water with downed electrical or power lines - electric current passes through water easily.

 8. Watch for items travelling downstream — they can trap or crush you if you’re in their path.

 9. Test your brakes after passing through water. If they feel spongy or slack, pull over. Your car may not be safe to continue until weather conditions improve.

10. If you can’t restart your vehicle and you become trapped in rising water, immediately abandon it for higher ground. Try to open the door or roll down the window to get out of the vehicle. If you are unable to get out safely, call 999 or get the attention of a passerby or someone standing on higher ground so that they may call for help.

Always drive safely.

Want to win RM5000?

Some of the pretty face at the show, taken from TheStar Online.

 Today is Saturday, so let us not talk about share or stock market for a while.

Want to make yourself RM5000 richer?

Then you should visit Kuala Lumpur International Motor Show today. It is last day for the show.

The rules are simple, just take a picture with one or more of StarMotoring models and give them your particulars. Submit your photo to the contest site at star-motoring.com/snapforcash.

Then, get your friends to vote for your photo at the website.

Who know you may be the winner and RM5000 is yours. Senang kan ! Some more, taking picture with leng-lui leh.

Jom lets go to KLIM 2010.......

 

 

 

Unusual high volumn traded

Today as usual, logged into my account to check on share price after market closed. Discovered some unusual transactions being traded, there are a number of counters traded with huge volumn at 10 minutes before closed or 16:50 to be exact.

There are not just one or two counters but plenty of them ( I just checked a few of my favorite counters)

The buying pattern does not favor to a particular sector, like banking or just plantation. The counters involved include big-chips, mid-cap and also some penny stocks.

The following are some of the counters:-

MAYBANK  RM8.40  4684
PCHEM    RM5.41  2882
AXIATA   RM4.73 13632 
MAYBANK  RM8.40  4684
SCOMI    RM0.34  3485
CIMB     RM8.70  7962
KNM      RM2.14  2138
SIME     RM8.78  5494
IOICORP  RM5.78 11476
MPHB     RM2.22  1751
BJCORP   RM1.07  2497
BJTOTO   RM4.25  1672
GENTING RM10.80  3145 

and more.


Curious, could these be due to some institutes are buying or foreign investors are pouring money into BursaMalaysia?
 
Do leave your comment if you know anything about it, help me to clear my curiousity.

MPHB : Magnum 4D's Winning Amounts reduced

MPHB announced that their subsidiary company, Magnum obtained approval from Ministry of Finance (MoF)  to revise their Special Prizes for its 4 Digit Big Game from RM200 to RM180 per RM1 bet (Big) effective from 15 December 2010.
The revised also involved Special Prizes for 4 Digit mBox Big game.

This is really a good news to the company as the revise will have a positive impact on the earnings for Magnum and also MPHB in the coming earning reports.

Although it was just a RM20+ reduction but definitely this amount will contra-off the earlier increased in Pool Betting Duty this year.

With Magnum getting the approval, it won't be surprised to see the other two NFO also getting the same goodies.

Will analysts revise MPHB target price? Will see...

MPHB up up up......

MCs in Malaysia among highest in the region

Employees faking sickness to obtain MCs (medical certificates) has become a rampant practice in the country. The MCs rate in the country is now among the highest in the region.

According to Malaysian Employers Federation (MEF) again, employers lost over RM1 bil annually due to workers getting sick leave.

To those always on faked MC, be careful you may be sacked if company found you are abusing the MC.

Surprisingly, it was so easy to get a MC in Malaysia. May be these employees are saving their annual leaves for good used or not enough annual leaves.

Medical Certificate become Medical Cheat !

Click here to read in details from TheStar.

AirAsia X announces new KL-Christchurch route

After PARIS, next new destination for AirAsia X is NEW ZEALAND.

AirAsia X announces its latest international route from Kuala Lumpur to Christchurch, New Zealand.

From April 01, 2011 onward, AirAsia X will fly four non-stop weekly flights between the two cities.

AirAsia X is offering all-in-fare from as low as RM199 one-way from Kuala Lumpur to the new destination, Christchurch, New Zealand.

Booking period of Dec 03 to 05 and the travel period between April 01 and Nov 10, 2011.

Promotional seats available for booking at 7am Malaysia and noon for New Zealand.

As usual booking available online via www.airasia.com .

Jom lets go to NZ........

MAXIS : Q3 Net Profit 601m and Revenue 2.2 b

Maxis Bhd registered net profit of RM601 million and RM2.21 billion in revenue for the third quarter ended Sept 30, 2010. The net profit was higher compared to RM532 million previous year.

It declared dividend of eight sen a share.

 

Not bad for the results but the share price was down by 1 cent, it closed at RM5.29 and day high at RM5.33.

With improving net profits, hope the share price will go higher.

World Top 10 Billionaires

Rank Name Citizenship Age Net Worth ($bil) Residence 1 Carlos Slim Helu & family Mexico 70 53.5 Mexico 2 William Gates III USA 54 53.0 USA 3 Warren Buffett USA 79 47.0 USA 4 Mukesh Ambani India 52 29.0 India 5 Lakshmi Mittal India 59 28.7 UK 6 Lawrence Ellison USA 65 28.0 USA 7 Bernard Arnault France 61 27.5 France 8 Eike Batista Brazil 53 27.0 Brazil 9 Amancio Ortega Spain 74 25.0 Spain 10 Karl Albrecht Germany 90 23.5 Germany

 Do you know any of them?  Number 2 and 3 should be no problem to all.

from Forbes.com

Scomi Group Q3 results..... BAD !

               (to see more clearly, double click on the report)

Phew..., luckily didn't hold Scomi last week. I bought at 39.5 on Tuesday when market down, and sold it 40.5 on Thursday. Profit of a few ringgit. Initially, felt upset after selling but relief now.

The following are some highlight of the report,

Scomi Group Bhd's Q3 result which ended Sept'30 was not a pretty one, it was reported a net losses of RM166.48 million, compared to the net profit of RM22.97 million a year ago.

The company explained the losses were caused by lower revenue from core business and also there was a potential impairment which costs about RM52.6 million and a provision of RM109.7 million.

Turnover was down from last year's RM448.5 million to RM367.6 million. Major contributors are from oilfield services division and transport solutions division.

Loss per share was RM0.1199 compared with earnings per share of RM0.027.

Sunway Holdings + SunCity = Sunway Sdn Bhd

Sunway Holdings to be merged with SunCity.

MERGER is like a trend in Bursa Malaysia now. This is the third merger involving property related company. Before that, there are two merger between UEM Land and Sunrise, then followed by IJM Land and MRCB on Tuesday.

These third merger involving two company controlled by Tan Sri Jeffrey Cheah, there are Sunway Holdings Bhd, a construction company, and Sunway City Bhd (SunCity), a propery company and the deal worth RM4.5 billion.

Currently, Cheah is holding 46% of Sunway Holdings Bhd and 44% of SunCity. After the merger, he will hold about 44% of the new company.

Both company assets and liabilities will be acquired by a newly formed company, Sunway Sdn Bhd. After merger, Sunway Sdn Bhd will become the fourth largest property company by market size.

The new company is expected to be listed on Bursa Malaysia by middle of next year.

Sunway Sdn Bhd will be paying RM2.60 for each Sunway Holdings Bhd share and RM5.10
for each SunCity share.

Sunway will also pay RM900 million cash and Sunway shares with free warrants attached.
Both company will also undertake a capital repayment exercise to shareholders after the purchase.

If North Korea didn't bomb South Korea...

Imagine if North Korea didn't bomb South Korea yesterday, PANTECH may be closed at a higher price, could be 0.95 or above.

Another counter, MPHB with net profit up 70%, sure will shoot up to above 2.25 or 2.30 or even higher.

Now, haiiiiiiii..........

This shows timing is also crucial on investment, if the bombing occured one day later. For sure, both counters will go higher than yesterday closed. Who knows, I could be few hundreds or even thousand ringgit
richer.

I am still thinking what type of risk is this? Timing risk? Political risk? or Unnecessary risk?

Probably we could labeled it as a 'silly risk', because of their silly act which cause hardship to innocent people.

Too bad, those who killed, injured and having property damaged are the one who suffered.

Lets pray this issue will not escalate further and ended in a peaceful manner.

By the way, yesterday market down was not mainly due to Korean bombing, it also related to Ireland debts. Anyway markets are looking for reasons to sell-off for last few weeks' gain.

PANTECH Sold !

Sold all my PANTECH shares of 8800 units today at RM0.93.

Why sell and not to exercise the bonus issue? A good question, I have been thinking about these for long time.

Struggling hard to come up this decision to sell. Not easy to make because PANTECH is a good counter to hold and also provide me good return all this time.

There are three reasons why sell,

1) Take profits before ex-date. Hopefully, this is right time to take profits.

2) Will buy back again if the price is right for me, and also the company perform well.

3) Get back my capital for other investments or swap to another counter. There are a few good counters to buy. Getting back capital is my main reason to sell PANTECH, too much money in shares market is not healthy.

Am I making a right decision? I don't know, time will tell.

PANTECH will always under my radar, hope to buy it again with an attractive price and make money from it again and again.


This is a good stock, no harm done to keep close watch on it.

Which are the Investment Risks?

Investment Risks ! As we know there are risks involved in investments, do you able to identify them?

Probably you are able to name one or two but you will be amazed by this article on The Edge Malaysia, titled Understanding Investment Risk.

There are so many risks listed in the article. The writer is able to list more than 10 of them. If you are a new investor, probably you will start to worry before even begin your investments.

Here are some of risks listed?

- Market risk
- Manager risk
- Timing risk 
- Concentration risk
- Liquidity risk
- Currency risk
- Counter party risk
- Custodian risk
- Political risk
- Economic risk
- Interest rate risk
- Inflation risk and so on

Wow ! One will wonder with so many risks around then how to make money from investment !!!

Anyway, as long as you done your homework before making any investment, the risks will be reduced greatly.

To understand more on investment risks, goto Understanding Investment Risk.


"No Risk, No Gain"

Paris ! AirAsia X next new destination !

Good news from AirAsia X, after London, Australia, Japan, Korea and now Paris !

For those who doesn't know where is Paris, it is France capital. A romantic city !

This is the second European destination after London.

AirAsia's long-haul low fare affiliate AirAsia X will be flying to Paris with all in fare from as low as RM499 (one way) from Kuala Lumpur to Paris from Feb,14 next year onward.

AirAsia issued a statement on Thursday, 18 Nov "AirAsia X said flights for the special offer were available for booking online from Nov 22 to 24, 2010 for the four times weekly direct flights which will commence on Feb 14, 2011 between Paris-Orly International Airport and Kuala Lumpur International Airport's Low Cost Carrier Terminal."


Travel period for the special fare is from Feb 14 to Nov 10, 2011, it said.

Wonder which is their third city in Europe ? Madrid will be fantastic, it will be cheaper to watch Real Madrid live in their stadium.

Bravo AirAsia !!!

PANTECH : Bonus, ICULS and Warrants

Finally, long awaited Pantech's bonus issue ex-date has been announced.

BONUS ISSUE:
ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING ORDINARY SHARES

ICULS:
TWO (2) ICULS FOR EVERY ONE (1) EXISTING PANTECH SHARE HELD

WARRANTS:
FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TEN (10) ICULS SUBSCRIBED FOR (“RIGHTS ISSUE”).

Currently, if you hold 5000 Pantech shares. You will have :-

PANTECH     = 1000 + 5000  = 6000 shares
ICULS           =        2 x 5000 = 10,000 units (pays RM1000)
WARRANTS                          = 1000 units   (free)

Will you exercise the offered option or sell before ex-date on 24/11/10?

Why SCOMI active on KLSE?

Scomi Group Bhd was among the most active counters on KLSE last two days.

There are news surfaced, there could be new substantial shareholders from Indonesia investors
and Middle East funds.

There are accumulating Scomi shares on the open market for sometime now. The shares could be
from Kaspadu Sdn Bhd, which has been disposing on the open market.

Kaspadu Sdn Bhd is belongs to Datuk Kamaluddin Abdullah and his partner Shah Hakim.

Lately, Scomi quarter financial results has not been encouraging.

Scomi Group said that, “operationally, the decrease was mainly attributable to lower revenue achieved by the transport solutions division and cost revisions resulting in an increase in the estimated costs to completion and reduction in the attributable profit of the monorail project”.

Change of Company Name

These is interesting, there are lots of company name being changed. Do you know which is their previous name?

Try this one, what is the previous name for Sinotop Holding Bhd? The answer is John Master Ind Bhd.

How about  Dutaland Bhd? If you have no clue, get the answer from table below, and you may look for other name.

Date Of Change	Prev. Company Name	Curr. Company Name	Short Name	Stock
06/10/2010	LKT INDUSTRIAL BHD	SAM ENGINEERING & EQUIPMENT (M) BHD	SAM	9822
21/09/2010	AMDB BHD	AMCORP PROPERTIES BHD	AMDB	1007
25/08/2010	TAI KWONG YOKOHAMA BHD	YOKOHAMA INDUSTRIES BHD	YOKO	9849
06/08/2010	NATURAL BIO RESOURCES BHD	POWER ROOT BHD	PWOOT	7237
16/07/2010	MINPLY HOLDINGS (M) BHD	TIGER SYNERGY BHD	TIGER	7079
10/06/2010	AV VENTURES CORPORATION BHD	AUTOV CORPORATION BHD	AOTOV	7008
04/06/2010	DREAMGATE CORPORATION BHD	RGB INTERNATIONAL BHD	RGB	0037
06/05/2010	LITYAN HOLDINGS BHD	THETA EDGE BHD	THETA	9075
01/04/2010	LITESPEED EDUCATION TECH	EDUSPEC HOLDINGS BHD	EDUSPEC	0107
17/03/2010	SEQUOIA HOLDINGS BHD	YEN GLOBAL BHD	YEN	7184
19/02/2010	D&O VENTURES BHD	D&O GREEN TECHNOLOGIES BHD	D&O	7204
22/01/2010	JOHN MASTER IND BHD	SINOTOP HOLDINGS BHD	SINOTOP	8532
11/01/2010	HING YIAP KNITTING INDUSTRIES BHD	HING YIAP GROUP BHD	HINGYAP	7722
06/01/2010	TANAH EMAS CORPORATION BHD	GOLDEN LAND BHD	GLBHD	7382
15/12/2009	TAMCO CORPORATE HOLDINGS BHD	ANCOM LOGISTICS BHD	ANCOMLB	0048
02/12/2009	GLOBAL SOFT (MSC) BHD	ARIANTEC GLOBAL BHD	AGLOBAL	0020
18/11/2009	JAVA INCORPORATED BHD	JAVA BHD	JAVA	2747
10/11/2009	SINORA INDUSTRIES BHD	INNOPRISE PLANTATIONS BHD	INNO	6262
16/10/2009	PEMBINAAN LIMBONGAN SETIA BERHAD	PLS PLANTATIONS BERHAD	PLS	9695
16/09/2009	TRANS-ASIA SHIPPING CORP BHD	TASCO BHD	TASCO	5140
15/09/2009	MIKRO BERHAD	MIKRO MSC BERHAD	MIKROMB	0112
12/08/2009	MATRIX INTERNATIONAL BHD	BERJAYA ASSETS BERHAD	BJASSET	3239
16/07/2009	SARAWAK CONCRETE INDUSTRIES BERHAD	SARAWAK CONSOLIDATED INDUSTRIES BERHAD	SCIB	9237
10/07/2009	STS TECNIC BERHAD	TECNIC GROUP BERHAD	TECNIC	9741
09/07/2009	PK RESOURCES BERHAD	NILAI RESOURCES GROUP BERHAD	NILAI	5339
08/07/2009	TECASIA GROUP BERHAD	MANGOTONE GROUP BERHAD	MTONE	0033
07/07/2009	HUNZA CONSOLIDATION BHD	MASTER PACK GROUP BHD	MASTER	7029
25/06/2009	RESORTS WORLD BHD	GENTING MALAYSIA BERHAD	GENM	4715
25/06/2009	ASIATIC DEVELOPMENT BERHAD	GENTING PLANTATIONS BERHAD	GENP	2291
17/06/2009	AWC FACILITY SOLUTIONS BERHAD	AWC BERHAD	AWC	7579
09/06/2009	FOREMOST HOLDINGS BERHAD	HOCK LOK SIEW CORPORATION BHD	HLSCORP	7098
12/05/2009	AIROCOM TECHNOLOGY BHD	PRIVASIA TECHNOLOGY BERHAD	PRIVA	0123
24/04/2009	ONLINE ONE CORPORATION BHD	GREEN OCEAN CORPORATION BHD	GOCEAN	0074
03/04/2009	TM INTERNATIONAL BHD	AXIATA GROUP BHD	TMI	6888
18/03/2009	NAIM CENDERA HOLDINGS BHD	NAIM HOLDINGS BHD	NAIM	5073
15/12/2008	MANULIFE INSURANCE (M) BHD	MANULIFE HOLDINGS BHD	MANULFE	1058
17/11/2008	WELLI MULTI CORPORATION BHD	ENERGREEN CORPORATION BHD	ENERG	8958
07/11/2008	SUNWAY INFRASTRUCTURE BHD	SILK HOLDINGS BHD	SILKHLD	5078
30/10/2008	WENG ZHENG RESOURCES BHD	WZ STEEL BHD	WZSTEEL	7245
02/09/2008	PORTRADE DOTCOM BHD	ORIENTED MEDIA GROUP BHD	OMEDIA	0018
14/07/2008	FTEC RESOURCES BHD	TECASIA GROUP BHD	TECASIA	0033
04/07/2008	MERCES HOLDINGS BHD	Y&G CORP BHD	Y&G	7003
01/07/2008	RB LAND HOLDINGS BHD	IJM LAND BHD	IJMLAND	5215
23/06/2008	ORNASTEEL HOLDINGS BHD	CSC STEEL HOLDINGS BHD	CSCSTEL	5094
17/06/2008	WCT ENGINEERING BERHAD	WCT BERHAD	WCT	9679
09/06/2008	SDKM FIBRES WIRES & CABLES BHD	SUPPORTIVE INTERNATIONAL HOLDINGS BHD	SUPPORT	7131
30/04/2008	SIN CHEW MEDIA CORPORATION BHD	MEDIA CHINESE INTERNATIONAL LIMITED	MEDIAC	5090
29/04/2008	NEXNEWS BHD	BERJAYA MEDIA BHD	BJMEDIA	6025
18/04/2008	KUALA LUMPUR CITY CORPORATION BHD	THE NOMAD GROUP BHD	NOMAD	8508
27/03/2008	SCIENTEX INCORPORATED BHD	SCIENTEX BHD	SCIENTX	4731
18/03/2008	HI-CITY BIOSCIENCE GROUP BHD	BIOSIS GROUP BHD	BIOSIS	7193
11/02/2008	ECM LIBRA AVENUE BHD	ECM LIBRA FINANCIAL GROUP BHD	ECM	2143
29/01/2008	G.A.BLUE INTERNATIONAL BHD	SEQUOIA HOLDINGS BHD	SEQUOIA	7184
14/01/2008	FAJAR BARU CAPITAL BHD	FAJARBARU BUILDER GROUP BHD	FAJAR	7047
28/12/2007	JOBSTREET CORPORATION BHD	JOBSTREET CORPORATION BHD	JOBST	0058
18/12/2007	AKN MESSAGING TECHNOLOGIES BHD	M3 TECH (ASIA) BHD	M3TECH	0017
12/12/2007	SUNWAY HOLDINGS INCORPORATED BHD	SUNWAY HOLDINGS BHD	SUNWAY	4308
10/12/2007	MYCOM BHD	DUTALAND BHD	DUTALND	3948
04/12/2007	EDARAN DIGITAL SYSTEMS BHD	EDARAN BHD	EDARAN	5036
19/10/2007	OPUS INTERNATIONAL GROUP PLC	OPUS GROUP BHD	OPUS	3549
05/10/2007	THE AYER HITAM PLANTING SYNDICATE BHD	TAHPS GROUP BHD	TAHPS	2305
25/09/2007	AMALGAMATED CONTAINERS BHD	PARKSON HOLDINGS BHD	PARKSON	5657
25/09/2007	TENCO BHD	NAGAMAS INTERNATIONAL BHD	NAGAMAS	8923
07/09/2007	MALAYSIAN PLANTATIONS BHD	ALLIANCE FINANCIAL GROUP BHD	AFG	2488
28/08/2007	POS MALAYSIA & SERVICES HOLDINGS BHD	POS MALAYSIA BHD	POS	4634
17/08/2007	JUAN KUANG (M) INDUSTRIAL BHD	TSM GLOBAL BHD	TSM	8842
13/08/2007	ZECON ENGINEERING BHD	ZECON BHD	ZECON	7028
20/07/2007	EDEN ENTERPRISES (M) BHD	EDEN INC BHD	EDEN	7471
09/07/2007	PSC IND BHD	BOUSTEAD HEAVY IND BHD	BHIC	8133
09/07/2007	RUBY QUEST BHD	ENVAIR HOLDING BHD	ENVAIR	0080
05/07/2007	ALLIANZ GENERAL INSURANCE MALAYSIA BHD	ALLIANZ MALAYSIA BHD	ALLIANZ	1163
04/07/2007	PINWEE GROUP BHD	PW CONSOLIDATED BHD	PW	7134
04/07/2007	FITTERS HOLDING BHD	FITTERS DIVERSIFIED BHD	FITTERS	9318
03/07/2007	UTAMA BANKING GROUP BHD	UBG BHD	UBG	6831
02/07/2007	DATASCAN BERHAD	CUSCAPI BHD	CUSCAPI	0051
18/05/2007	ACP INDUSTRIES BHD	MTD ACPI ENGINEERING BHD	MTDACPI	5924
17/05/2007	SATANG JAYA HOLDINGS BHD	SATANG HOLDING BHD	SATANG	7212
06/04/2007	SARAWAK ENTERPRISE CORPORATION BERHAD	SARAWAK ENERGY BHD	SARAWAK	2356
18/01/2007	SUGAR BUN CORPORATION BHD	BORNEO OIL  BHD	BORNOIL	7036