Assalamualaikum w.b.t.,

Hidup di dunia yang sementara ini banyak mengabui mata kita tentang matlamat kehidupan yang sebenarnya. Kita semakin terdesak dengan himpitan kehidupan dan berlumba-lumba untuk mencari kehidupan yang lazimnya lebih menampakkan keduniaa semata-mata.
Apakah ada di antara pelaburan yang semakin hari semakin kurang diberikan tumpuan? Namun, apakah kita menidakkan keperluan yang perlu kita sediakan di dunia bagi persediaan akhirat? Bagaimanakah pula pelaburan di dunia yang wajar dilakukan untuk persediaan akhirat kita? Wajar rasanya kita sama-sama bincangkan dan jadikan maklumat bersama ini sebagai panduan kita merentasi dunia untuk menempah tempat yang selesa di akhirat kelak, insyaallah.

Pandangan serta komen rakan-taulan, pak-pak ustaz, profesionalis, akauntan, hartawan, dermawan, pak/mak wan dan sebagainya boleh dikongsi untuk dijadikan panduan disamping memperkuatkan ukhwah sesama kita. Sila diemailkan pandangan anda ke mryteratak@gmail.com.


Wassalam.
5/11/2009
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Pemberitahuan: Semua maklumat di blog ini adalah pandangan peribadi melainkan dinyatakan sebaliknya. Sila rujuk kepada institusi atau badan yang berkaitan untuk maklumat lebih lanjut. Sebarang rujukan dari blog ini adalah risiko sendiri.Pengarang tidak bertanggungjawab di atas sebarang masalah yang timbul disebabkan oleh bahan diblog ini.

Wednesday, December 15, 2010

Expansion in solar photovoltaic to generate RM200mil in opportunities

Thestar: Monday November 22, 2010

By DAVID TAN

GEORGE TOWN: The solar photovoltaic (PV) capacity in the country is expected to increase substantially to 11mega watt (MW) in 2011, generating about RM200mil in business opportunities for companies involved in installing solar power generation systems.
AWC Bhd managing director Azmir Merican told StarBiz that the 11MW capacity would provide for the grid-connected market in the peninsula and the off-grid market in East Malaysia, following the implementation of the feed-in tariff scheme under the Renewable Energy Law next July.
The feed-in tariffs proposed for residential buildings is around RM1.20 per kilowatt (KW) hour and for commercial properties around RM1.10 per KW hour, while the tariff to consume solar power from Tenaga Nasional Bhd (TNB) is around 32sen per KW hour for both residential and commercial properties.
AWC, a provider of engineering services and integrated facility management solutions, is listed on the Main Market. Ithad just set up a joint-venture company, AWC Solamas Sdn Bhd, with Solamas Sdn Bhd to provide solar power integrated services to tap the huge potential of the renewable energy sector in the country.
Solar panels installed by AWC Solamas
We expect the commercial and government sectors to generate the bulk of demand for solar PV system installation, as the commercial enterprises and the Government would be interested in reducing power spending to stay competitive and to save money.
A large factory, for example, would require the installation of 1MW capacity, which would cost about RM16mil to install.
The RM16mil would include the cost of designing, building, and installing the solar PV system to suit the requirements of the customer, he said.
Commenting on overseas markets, Azmir said the joint venture company would also look into providing its services in the Middle East.
The Middle East is heavily investing into solar projects, and we would like to be a part of this, he said. In Abu Dhabi, United Arab Emirates (UAE), for example, there is 1500MW capacity of concentrated solar power slated for development by 2020, and the installation for 100MW capacity has already started. The UAE has also invested about US$2bil into solar PV manufacturing.
Azmir said the company would also explore Africa, which has a large growth potential in the energy sector, and pursue opportunities in Malaysia and South-East Asia.
ETI Tech Corp Bhd, an ACE market renewable energy provider company, is targeting to sell between 500 and 1,000 sets per month of solar power generation system for off-grid applications in 2011 for the Sabah and Sarawak market.
We sold only about 60 sets this year, which generated over RM1mil in revenue, as we started the business some 18 months ago.
The off-grid solar PV market in Sabah and Sarawak is huge, as there are some 400,000 rural households which are still using diesel-generators as power systems.
ETI Tech has to date spent about RM4mil in research and development to produce lithium polymer batteries for off-grid applications in east Malaysia, ETI managing director K.K. Lee said.
Meanwhile, Gading Kencana Sdn Bhd managing director Guntor Tobeng said the company was now bidding for two 5MW solar power projects called by Johor Port in Pasir Gudang and by Tenaga Nasional Bhd for its solar farm project in Putrajaya, which would cost about RM180mil to install.
In 2012, the solar power capacity in Malaysia is expected to grow to 22MW, generating about RM400mil in business opportunities.
These business opportunities are in the supply of modules, system components, and provision of installation services to households and commercial buildings which generate solar energy for their own usage or those connected to the power grid for distribution. The capital barrier to these businesses is also very low, ranging between RM50,000 and RM3mil, Guntor said.
Based in Shah Alam, Gading Kencana is involved a providing consultancy and engineering services for renewable energy used in residential and commercial buildings.
The company has, so far this year, completed RM10mil worth of solar energy projects for rural areas in east Malaysia.

Towards a green nation and economy

Thestar: Saturday November 27, 2010

AT YOUR SERVICE
By DATUK LOO TOOK GEE
Secretary-General Energy, Green Technology and Water Ministry


In the pursuit of sustainable development, policymakers must find a way to strike a balance between economic efficiency and environmental protection.
THE global community is confronted with challenges related to the environment and climate change. As a result, many countries are promoting sustainable development by investing in green technology in the form of cleaner low-carbon transport and energy systems, “smart” electricity grids, energy efficiency, renewable energy as well as in green research and development.
Green technology signifies a global paradigm shift in which economic aspiration combines with resource productivity and conservation to spearhead sustainable development.
Under a Cabinet reshuffle in April 2009, the Energy, Green Technology and Water Ministry (Kettha) was given the mandate to promote sustainable development through the adoption of green technologies in the various economic sectors of the country.
In pushing for a low-carbon economy, the Government launched the National Green Technology Policy on July 24, 2009, which serves as the basis for all Malaysians to enjoy an improved quality of life, by ensuring that the objectives of our national development policies will continue to be balanced with environmental considerations.
The Government also hopes to create a new avenue of growth for the country from green technology, in line with the New Economic Model that was unveiled recently.
The country’s vision for a low-carbon growth trajectory will be driven by four main pillars – energy, economy, environment and society.
To strengthen the platform for our green agenda, the National Green Technology Council was established to spearhead green technology application in the country. This council is chaired by Prime Minister Datuk Seri Najib Tun Razak and supported by a steering committee and five working groups on industry, research and innovation, human capital, promotion and public awareness and transportation.
The Green Technology Policy also outlines five strategic thrusts towards implementing green technologies in the country (for details, go to www.kettha.gov.my).
In the transition to a low-carbon economy, the key issue for our policymakers is how to strike a balance between economic efficiency and environmental protection as the driver for economic growth and environmental sustainability. This needs to take into consideration the importance of promoting the notion of the environment and eco-efficiency as a business opportunity, rather than a cost item.
The following are examples of the initiatives undertaken by the ministry to address the challenges of climate change and reduce our carbon footprint:
Energy efficiency
The Malaysian Industrial Energy Efficiency Improvement Programme represents one of the main efforts undertaken to improve energy efficiency in the industrial sector. Since 2001, fiscal incentives had been introduced by the Government to promote efficient use of energy such as pioneer status, investment tax allowance, duty import exemption and sales tax exemption.
The ministry was now in the midst of finalising the Energy Efficiency Master Plan with clear goals and targets in the industrial, building and residential sectors, so as to coordinate and implement energy efficiency and conservation programmes in a systematic and holistic manner.
Renewable energy
The Government approved the Renewable Energy Policy and Action Plan in April 2010. This policy is aimed at promoting long-term sustainability by reducing our dependence on fossil fuels for electricity generation and at the same time stimulate a new growth industry for the country.
To encourage renewable energy generation in the country, the Government will be implementing the Feed-in Tariff Mechanism which allows electricity produced from such sources like biomass, biogas, mini-hydro and solar to be sold to power utilities at a fixed premium price and for a specific duration.
Green buildings
The Green Building Index (GBI) is a rating tool to grade environment-friendly buildings and the Government is providing fiscal incentives to buildings which are GBI-certified.
Owners of GBI-certified buildings are entitled to income tax exemptions, equivalent to the additional capital expenditure, to green their building. Buyers of green buildings from developers will also be exempted from stamp duty equivalent to the additional cost incurred to green their building.
Sustainable transport
To facilitate the use of electric vehicles (EV) in the country, the Government is in the process of preparing the EV Infrastructure Roadmap, which includes a fleet test programme for electric vehicles. The implementation of this fleet test will be the benchmark in developing a strategic plan and framework as well as identification of entities that will benefit the electric vehicle industry, in areas of services and new business opportunities.
Green Technology Roadmap
Under the Green Technology Roadmap, a baseline study is currently being conducted to ascertain the overall green technology applications in six sectors, namely, energy, transport, building, water and waste management, manufacturing industries and ICT applications.
Green Technology Financing Scheme
A RM1.5bil soft loan scheme called the Green Technology Financing Scheme (GTFS) was launched by the Government early this year to encourage the participation of companies and entrepreneurs in green technology. The Government bears 2% of the interest rate charged and provides a guarantee of 60% on the financing amount, with the remaining 40% being taken by banking institutions.
Green townships in Putrajaya and Cyberjaya
The ministry, together with the Malaysian Green Technology Corporation (MGTC), is developing a green township framework, a green township rating system based on the Common Carbon Metric (CCM) and carbon

Thursday, December 9, 2010

Cabinet agrees to electricity price increase

Now we need to get ready for the worst in household defisit. Rising of RON95 and cooking gas for sure will move to domino effect. How much will other good price hike? 5%? 10%? or as high as they want? What will the vehicle maintainance be in near future? Lets wait and see, next will water tariff and electricity? How about preparation for our children school? Lets make our own record then think again. Our ruling government now is really care about us, about our difficulties. You can watch daily in TV, how care was our government. Should we change new government? Think and think again!

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Thestar: Thursday December 9, 2010

By DANNY YAP
danny@thestar.com.my


KUALA LUMPUR: The federal Cabinet has agreed in principle to a revision of electricity tariff but has not decided when it should take place.
Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui said an electricty tariff revision was on the cards but the Government had not decided when.
He said there were many issues that the Government needed to address before a time could be set for the revision.
Under the Government Transformation Plan, we have to roll back the subsidies, which involves so many other things, such as fuel cost and the Government has to make a decision as to when Tenaga Nasional Bhd (TNB) is allowed to make the revision and this has not be confirmed, he said after the launch of TNB Service Charter yesterday.
The TNB Service Charter has the mission to improve TNB's services to its customers.
On the water sector issue, Chin said the federal government has given the state government the nod to discuss the possibility of acquiring the four water players in Selangor.
The four water players are Puncak Niaga (M) Sdn Bhd (PNSB), Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) both of which are controlled by Puncak Niaga Holdings Bhd Syarikat Pengeluar Air Sungai Selangor Bhd (Splash) and Konsortium Abass Sdn Bhd.
Chin said a formal letter was sent to Selangor Mentri Besar Tan Sri Khalid Ibrahim two weeks ago to go ahead to discuss on the possibility of buying the water assets of the four water companies.
However, any deal made must be on a willing buyer-willing seller basis, he said, adding that it was necessary to bear in mind that there was a legitimate and existing concession agreement between the parties concerned. Chin reiterated the point that acquiring the water assets should be on a willing-buyer willing seller basis and that there was no issue of force so long as it was competitively priced.
If the state government spends too much to buy over the water assets from these companies, this is going to affect the water tariff and we should be careful about this as it may lead to higher water tariffs to consumers.

Friday, December 3, 2010

Can a higher salary guarantee better quality of life?

 Need to think about it???? Better still the rumour flying around about the disposal RON95 from the market in near future might be true.... What happen when only RON97 will be in the market? Think about it? Higher income meaning higher income tax to pay for private sectors.... Hmmm! It sounds very true now.

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Thestar: Thursday December 2, 2010

Making a Point - By Jagdev Singh Sidhu

THE price of RON 97 petrol has increased by 15 sen to RM2.30 a litre but going by the reaction people have, it's not caused much of a ripple.
Adverse reactions from previous price hikes have dissipated but that must be due to the fact that most Malaysian road users are pumping RON 95 into their vehicles compared with RON 97 before. In short, the price hike would not affect most Malaysians.
But the prices of many goods are going up and that is something most of us have to get used to. Around the world, the prices of commodities are rising and so is the everyday cost of doing business.
Higher prices would hit wallets and that got me thinking. Is a higher salary a guarantee for better quality of life? We all hear how our parents were able to own larger homes than what most people could afford.
Drive around some of the more established neighbourhoods in Kuala Lumpur and it would not surprise that many of the owners of those homes were your typical middle income earners of yesteryear.
Back then homes were cheaper and real estate inflation, which really took off in the early 1990s, had not eaten into the pay packets many were earning.
Also back then, there were no mobile phone bills, healthcare charges were not astronomical as most Malaysians had more faith in the service and the ability of doctors in the public sector.
There was also no satellite TV subscription or Internet fees to pay for and also computers were a luxury item as opposed to a necessity these days. Being a high income nation might not mean most Malaysians will be living in the lap of luxury.
Going by the target of reaching US$15,000 per capita income by the end of 2020 to qualify as a high income nation works out to slightly less than RM4,000 a month based on exchange rates today.
As urbanisation will increase over the next decade, more Malaysians will be living in cities than currently and by today's standards, RM4,000 a month is not a lot to go by in a big city like Kuala Lumpur.
Given the ever-escalating price of goods and services and the hidden costs of modern living our parents did not have the bear with in the past, notwithstanding the higher income we should be earning in the future, one wonders whether we will actually see a higher quality of life than what our folks enjoyed during their time.

Wednesday, November 24, 2010

Electricity companies thrilled and worried about electric cars

Published in thestar: Tuesday November 23, 2010 MYT 12:07:00 PM

NEW YORK: The first mass-market electric cars go on sale next month, and America's electric utilities couldn't be more thrilled - or worried.
Plugged into a socket, an electric car can draw as much power as a small house.
The surge in demand could knock out power to a home, or even a neighborhood.
That has utilities in parts of California, Texas and North Carolina scrambling to upgrade transformers and other equipment in neighborhoods where the Nissan Leaf and Chevrolet Volt are expected to be in high demand.
Not since air conditioning spread across the U.S. in the 1950s and 1960s has the power industry faced such a growth opportunity.
Last year, Americans spent $325 billion on gasoline, and utilities would love even a small piece of that market.
The main obstacles to wide-scale use of electric cars are high cost and limited range, at least until a network of charging stations is built. But utility executives fret that difficulties keeping the lights on for the first crop of buyers_and their neighbors_could slow the growth of this new niche.
"You never get a second chance to make a first impression," says Mike Rowand, who is in charge of electric vehicle planning at Duke Energy.
Auto executives say it's inevitable that utilities will experience some difficulties early on. "We are all going to be a lot smarter two years from now," says Mark Perry, director of product planning for Nissan North America.
Electric cars run on big batteries that are charged by plugging into a standard wall socket or a more powerful charging station. A combined 30,000 Nissan Leafs and Chevrolet Volts are expected to be sold over the next year. Over the next two years, Ford, Toyota and every other major automaker also plan to offer electric cars.
Governments are promoting the expensive technology as a way to reduce dependence on foreign oil, cut greenhouse gas emissions and improve air quality. Congress is offering electric car buyers a $7,500 tax credit and some states and cities provide additional subsidies that can total $8,000. The Leaf sells for $33,000 and the Volt sells for $41,000.
Electric cars produce no emissions, but the electricity they are charged with is made mostly from fossil fuels like coal and natural gas that do. Still, electric cars produce two-thirds fewer greenhouse gas emissions, on average, than a similarly sized car that runs on gasoline, according to the Natural Resources Defense Council.
Driving 10,000 miles (16,000 kilometers) on electricity will use about 2,500 kilowatt-hours, a 20 percent increase over the average annual consumption of a U.S. home. At an average utility rate of 11 cents per kilowatt-hour, that's $275 for a year of fuel, equivalent to about 70 cents per gallon (3.8 liters) of gasoline.
"Electric vehicles have the potential to completely transform our business," says David Owens, executive vice president of the Edison Electric Institute, a trade group.
Nationwide, utilities have enough power plants and equipment to power hundreds of thousands of electric cars. Problems could crop up long before that many are sold, though, because of a phenomenon carmakers and utilities call "clustering."
Electric vehicle clusters are expected in neighborhoods where:
- Generous subsidies are offered by states and localities
- Weather is mild, because batteries tend to perform better in warmer climates
- High-income and environmentally conscious commuters live
So while states like North Dakota and Montana may see very few electric cars, California cities like Santa Monica, Santa Barbara and Monrovia could see several vehicles on a block. SoCal Edison expects to be charging 100,000 cars by 2015. California has set a goal of 1 million electric vehicles by 2020.
Progress Energy is expecting electric car clusters to form in Raleigh, Cary and Asheville, North Carolina. and around Orlando and Tampa, Florida. Duke Energy is expecting the same in Charlotte and Indianapolis. The entire territory of Texas' Austin Energy will likely be an electric vehicle hot spot.
Adding an electric vehicle or two to a neighborhood can be like adding another house, and it can stress the equipment that services those houses. "We're talking about doubling the load of a conventional home," says Karl Rabago, who leads Austin Energy's electric vehicle-readiness program. "It's big."
How big depends on the size of the battery in the car, and how fast the car is charged.
When plugged into a standard 120-volt socket, the electric car will draw 1,500 watts. By comparison, a medium-sized air conditioner or a countertop microwave oven will draw about 1,000 watts.
But the car can be charged faster, and therefore draw more power, when plugged into a home charging station. The first Leafs and Volts can draw 3,300 watts, and both carmakers may boost that to 6,600 watts soon. The Tesla Roadster, an electric sports car with a huge battery, can draw 16,800 watts. That's the equivalent of 280 60-watt light bulbs.
A modest home in the San Francisco Bay area that doesn't need air conditioning might draw 3,000 watts at most.
Transformers that distribute power from the electrical grid to homes are often designed to handle fewer than a dozen. Extra stress on a transformer from one or two electric vehicles could cause it to overheat and fail, knocking out power to the block.
The "nightmare" scenario, according to Austin Energy's Rabago: People come home from work on a hot afternoon, turn on the air conditioner and the plasma television, blend some frozen cocktail, start cooking dinner on an electric stove -and plug their car into a home charging station.
An electric vehicle plugged into a standard wall socket poses a different problem. It will put less stress on a transformer, but it could trip a circuit breaker if the circuit serves other appliances. Power would go off in part of the house.
To head off problems, teams of workers at utilities are gathering information from Nissan and Chevrolet, doing customer surveys and looking at buying patterns of hybrid gas-electric cars like the Toyota Prius to try to predict where they might see clusters of electric car buyers.
They are comparing that data with maps of their systems to determine what equipment might need upgrading first in hopes of avoiding blown circuits in the neighborhoods of early buyers.
Utilities also hope to convince drivers to program their cars to charge late at night, when rates are low and most appliances are switched off.
Ted Craver, the chief executive of the parent company of SoCal Edison and a chairman of an industry electric vehicle planning association, says early buyers will likely be tolerant of a few hiccups. At the same time, he says, those are the people utilities should try hard to please. "They turn into promoters," he says.
Replacing a neighborhood transformer costs a utility between $7,000 and $9,000, according to SoCal Edison. This is work a utility will often want to do. With the approval of public utility commissions, utilities can add the cost of these kinds of upgrades to the rates they charge customers across their territory.
Utility executives hope the popularity of electric cars will grow as the vehicles' costs come down and as public charging stations are made available at malls and along highways. Momentum will gather faster, they predict, if they minimize the number of home circuits that get blown and neighborhood transformers that get fried over the next two years. But they know there will be problems.
"It's like you're about to have a baby," says Duke Energy's Rowand. "You know it's going to be good, but you also know there's going to be some throw up and some dirty diapers, and you just hope that it's something you are prepared for." - AP
Latest business news from AP-Wire

Sunday, October 31, 2010

Blowing lethal bubbles again?

Printing more money put into market or make more debt via bond issuance and force others to pay for, which one better solution? I think both are blood sucker.

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Thestar: Saturday October 30, 2010

By CECILIA KOK
cecilia_kok@thestar.com.my


PRINT more money, inject them into the system and the problems will ease?
Not according to experts.
Many see such course of action – commonly termed as quantitative easing, which the US Federal Reserve will likely announce next week – will only cause more headaches; to other economies first before returning to haunt its own.
Presently, the speculation is still very much over the size and pace of this fresh dose of quantitative easing by the US Federal Reserve. But at the same time, concerns are already rising in some other parts of the world over the impact of further US monetary easing on their economies.
China’s commerce minister Chen Deming, for one, had over the week explicitly voiced his annoyance over the rising challenge of an “imported inflation” that his country now faced. He was quoted by foreign news agencies blaming the way the US government had been printing money as one of the main contributors to China’s rising inflation risks, which had subsequently created further uncertainties and problems to local businesses. Chen said the US dollar issuance had gotten “out of control”.
Indeed, quantitative easing is a risky strategy. The method, which involves the central bank increasing money supply by buying bonds or other form of debts from the market so as to promote private lending and liquidity, will only depress the value of its currency and push the prices of goods and services higher, hence leading to inflationary (or sometimes, hyperinflationary) pressure.
It’s a desperate attempt, economists say.
But for the US right now, inflationary pressure is favoured over the deflationary risk that the country is currently facing. Deflation, which is the opposite of inflation, is deemed to be a bigger problem because the continuous decline in general prices in an economy could potentially create a vicious spiral of declining profits, higher unemployment and, then, depression – certainly a situation they don’t want to be caught in.
Moreover, with its hands tight (as interest rates are already near zero, and fiscal deficits have already exceeded US$1 trillion), the US government has limited option but to embark on quantitative easing to revive its “unusually uncertain” economy.
Seeking higher returns
“The Fed needs to be patient,” John Ryding, chief economist at RDQ Economics LLC in New York, said in a Bloomberg television interview on Thursday. He explained that the slow recovery of the US economy was an inevitable process; throwing more money at a slow recovery would not help it along.
Ryding reckoned that by embarking on quantitative easing, the US economy would once again be running the same policies as it did in 2003-2004, which had then led to the devastating bubbles in the credit and housing markets. The bursting of the bubbles in both these markets in 2008 was the cause of the recent global financial and economic crisis.
“We’ve now pushed the bubbles to emerging markets,” Ryding said.
Rightly so, as we’ve seen the unrelenting spikes of property prices, for instance, since the economic recovery in several emerging markets in Asia, especially China, Hong Kong, Singapore and South Korea. Stock markets in the region are also in a bull run, and Asian currencies have been appreciating as the value of the US dollar becomes depressed.
These are largely a result of a flood of cheap US cash being pumped into emerging economies in search of higher returns.
And it doesn’t stop there. Cheap US money is also chasing after commodities such as crude oil, gold and silver. As volatile as they may be, prices of these commodities have also been on the rise lately. For instance, gold prices have risen 19.5% from around US$1,120 an ounce to more than US$1,340 an ounce yesterday, while crude oil prices have breached the US$80 per barrel mark since the beginning of the month.
Paris-based International Energy Agency on Wednesday raised concern over the risks of further monetary easing by the US government inflating prices of commodities.
Its senior oil demand analyst Eduardo Lopez told a conference in Singapore: “This could bring about inflation and possibly derail the recovery.”
Emerging risks
Fitch Ratings over the week released a report warning that the widely anticipated quantitative easing by the US Federal Reserve could potentially undermine the strong recovery of emerging Asian economies. The international credit rating agency on Wednesday said that strongly performing “Emerging Asia” was facing the risk of importing inappropriately loose monetary conditions from developed markets, which in turn could lead to higher inflation and volatility in local asset markets.
The report, which analysed 11 emerging Asian markets, including Malaysia, China, India, Indonesia, Thailand, South Korea and Taiwan, said those with poorer track records of price stability, already-loose domestic monetary conditions and weaker financial systems would be more vulnerable to the risks of further global monetary easing.
With that, according to Fitch Ratings’ analysis, Vietnam emerged as the most vulnerable country, while Taiwan was the strongest of the 11, thanks to its low and stable inflation as well as well-developed financial markets.
Indonesia was found to be the third-most vulnerable, while China ranked sixth, and India, seventh, in terms of vulnerability to the risks of further global monetary easing.
Malaysia was ranked ninth. So, it’s still among the stronger and more resilient ones in the region. “It’s not easy to generalise the impact of further US monetary easing on Asian economies. Each is unique, with its own characteristics to endure the potential risks,” Citigroup Inc’s Singapore-based senior Asia-Pacific economist Kit Wei Zheng explains to StarBizWeek.
According to Kit, for most emerging Asian markets, the inflow of cheap US dollar will not be reflected directly in the general prices of goods and services; rather, the effects on asset prices will be faster and more obvious.
“While the liquidity story is driving commodity prices, that is only part of the story. Commodities prices are also driven by overall demand and supply, and global growth is not super strong, so further upside could be capped by demand disruptions,” Kit says. As it stands, Malaysia’s inflationary pressure appears to be among the most contained in the region.
“General prices remain in check since we came out of the recession,” says TA Research economist Patricia Oh.
Consumer price index last month surprisingly slowed, registering a growth of 1.8% year-on-year (y-o-y), compared with 2.1% y-o-y in the preceding month. That was partly attributed to a stronger ringgit, which mitigated the effects of rising food prices, according to Maybank Investment Research.
Inflation in the year ahead for Malaysia will most likely remain steady below 3%, economists say.
“One thing to note is that prices of most goods in Malaysia are still controlled by the Government, so in any case, the Government can still play its part in managing the inflationary expectations in the country,” Kenanga Research economist Wan Suhaimie Saidi explains. With a relatively low and stable inflation and sound and well-guarded financial system, economists believe Malaysia will be able to better withstand the risks of hot money inflow compared to most other countries in the region. But that does not mean the country can be complacent.
In a positive note, it is encouraging to know that Bank Negara has been closely monitoring the rising bubble risks in the region, and it looks ready to implement the measures when necessary to curb those negative effects on the country’s economy. We need to be on guard, as economists say, to prevent our growth plans being derailed.

Tuesday, October 26, 2010

Rising concerns over household debt and bankruptcies among young M'sians

Monday October 25, 2010

By YAP LENG KUEN

Household debt to GDP rose to 76% last year from 64% in 2008
PETALING JAYA: Rising concerns over household debt and bankruptcies among the young have prompted several suggestions on how to tackle the problem at source.
Apart from the expected curbs on property loans and possible limits on credit card usage, other steps include the creation of a personal credit scoring system, enhanced education and awareness among consumers as well as the financiers themselves.
RAM Ratings head of financial institution ratings Promod Dass said: “Based on the latest available Bank Negara statistics, household debt to gross domestic product (GDP) has marched upward from about 64% in 2008 to around 76% last year.
(Last year, this amounted to about RM389 bil).
There is rising concern over household debt and bankruptcies among the young in Malaysia
“This level is similar to that in Singapore and far lower than in Japan, the United States and Britain which are well above the 100% threshold.
“It is likely that household debt to GDP would keep escalating beyond a manageable level, if measures are not put in place, given that interest rates are still relatively low in Malaysia and credit for qualified borrowers is easily obtained,’’ said Promod.
According to CIMB Investment Bank Bhd chief economist Lee Heng Guie, property loans make up about 50% of household loans, auto (27%), personal uses (8.9%) and credit cards (6.3%).
The financial assets cover - comprising savings, investments and insurance - remain strong at 2.3 times; nevertheless, rising household debt may constrain consumption especially with any rise in interest rates and debt service costs.
“There should be more awareness on educating households on how to manage their debt,’’ said Lee.
“While authorities and the financial sector could educate potential borrowers through detailed booklets or information on websites, a more effective approach would be to require borrowers to have credit scores before they obtain loans as in some developed markets.
“In this way, borrowers will be aware about changes in their credit profile as they gear up and the impact it will likely have on their borrowing rates,” said Promod.
The Credit Counselling and Debt Management Agency (AKPK) has pointed out that during the past year, almost 50% of the 3,000 individuals who approached the agency for credit counselling each month were aged between 30-40 years.
Another 15% were in their 20s.
According to the agency, problems over car loans and credit card advances were the top two reasons young Malaysians sought credit counselling.
To Malaysian Rating Corp Bhd (MARC) vice-president and head of financial institution ratings Anandakumar Jegarasasingam, the rising level of household sector loans is “a definite concern.’’
“In fact, the household sector is the single largest sector exposure for Malaysian banks, accounting for 55% of banking sector loans at end-2009 – a very significant increase from the low 16% of banking-sector loans at end-1998,’’ he said.
Anandakumar believes that the repayment ability of the household sector is overestimated for the following reasons:

  • Considering that the bulk of household sector borrowings is for mortgages and auto financing, the distribution of household sector debt is likely to be more even among the population than the distribution of financial assets.

  • The vulnerability of the household sector’s financial asset holdings to adverse wealth and income shocks as a result of the increased proportion of market price-dependent financial assets.

  • Anecdotal evidence suggests that bankers are focusing more on the underlying collateral, especially for mortgages and auto loans. During a system-wide crisis, when defaults escalate and asset prices are depressed, the recoverable value of such collateral can diminish rather rapidly.
    According to Anandakumar, the proposed reduction of the loan-tovalue (LTV) ratio for the purchase of the third property may not be sufficient to control the level of household sector debt.
    Possible policy measures to curb the rising household sector debt include the imposition of more stringent LTV ratios for multiple home purchases within a particular time band and for properties of certain value; fixing a higher minimum income requirement to be eligible to apply for credit cards and personal loans; limiting the maximum credit limit on credit cards to the equivalent of two months’ salary as well as the number of credit cards that an individual can hold to two or three cards

  • Tuesday, September 28, 2010

    US: Consumer confidence drops to lowest since Feb.

    By ANNE D'INNOCENZIO, AP Retail Writer Anne D'innocenzio, Ap Retail Writer – 43 mins ago


    NEW YORK – Americans' view of the economy turned grimmer in September amid escalating job worries, falling to the lowest point since February.



    The downbeat report, released Tuesday, raises more fears about the tenuous U.S. economic recovery. It also further underscores the disconnect between Wall Street and Main Street; consumers' confidence fell further even as stocks rebounded in September.



    The Conference Board, based in New York, said its monthly Consumer Confidence Index now stands at 48.5, down from the revised 53.2 in August. Economists surveyed by Thomson Reuters were expecting 52.5.



    The reading marked the lowest point since February's 46.4. It takes a reading of 90 to indicate a healthy economy — a level not approached since the recession began in December 2007.



    Economists watch confidence closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong rebound.



    The index — which measures how shoppers feel about business conditions, the job market and the next six months — had been recovering fitfully since hitting an all-time low of 25.3 in February 2009, but Americans are just as downbeat as they were a year ago.



    In September 2009, the index stood at 53.4. Since then, it has mostly hovered in a tight range between the mid-40s and the high 50s. May 2010 was the peak, at 62.7.



    One portion of the index, which measures how shoppers feel now, decreased to 23.1 in September from 24.9. The other, which measures consumers' assessment of economic conditions over the next six months, fell to 65.4 from 72.0.



    "Overall, consumers' confidence in the state of the economy remains quite grim," Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement. "And, with so few expecting conditions to improve in the near term, the pace of economic growth is not likely to pick up in the coming months."



    Fears had been easing that the economy isn't heading toward a double-dip recession amid a fresh batch of economic reports. While companies aren't making lots of job offers, far fewer people are applying for unemployment, according to the latest figures from the Labor Department. And the nation's trade deficit narrowed in July, due to a bigger appetite overseas for American exports.



    September's stock rally has put the Dow Jones industrial average back to about even for 2010. But Tuesday's Conference Board's report made investors jittery. The Dow Jones industrial average fell 80 points, or 0.7 percent, to 10,733.



    Many Americans feel they're still in a recession, even though it's officially over. The National Bureau of Economic Research, the panel that determines the timing of recessions, concluded last week that the latest recession ended in June 2009 and lasted 18 months.



    People are grappling with unemployment that's stuck at nearly 10 percent as well as tight credit. And the housing market is still weak. Home prices ticked up in July for the fourth straight month, but many cities are bracing for declines in the year ahead, according to the Standard & Poor's/Case-Shiller 20-city home price index.



    The price increases were fueled by now-expired homebuyer tax credits. With the peak buying season over, a record number of foreclosures, job concerns and weak demand from buyers are pushing prices down.



    The home price index increased 0.6 percent in July from June and 3.2 percent from a year ago. Twelve cities showed monthly price gains, while Cleveland's prices were flat.



    Meanwhile, the Commerce Department reported Friday that new homes sold at the second-slowest pace on record in August. Last month's new home sales were unchanged from a month earlier at a seasonally adjusted annual sales pace of 288,000. Sales were down by 29 percent from the same month a year earlier.



    The Consumer Confidence Index, based on a random survey mailed to 5,000 households from Sept. 1 to Sept. 21, showed how consumers' fears about jobs worsened.



    Those claiming jobs are "hard to get" rose to 46.1 percent from 45.5 percent, while those stating jobs are "plentiful" decreased to 3.8 percent from 4 percent. Consumers are also more pessimistic about future employment prospects. Those expecting more jobs in the months ahead remained essentially unchanged at 14.5 percent in September, compared with 14.7 percent in August. However, those anticipating fewer jobs increased to 22.7 percent from 19.6 percent

    Wednesday, September 15, 2010

    Smarter spending and better savings

    Assalamualaikum w.b.t.,

    Artikel  dikepilkan di bawah sangat menarik untuk dikongsi. Namun saya tertanya-tanya, sebijak manakah kita boleh menguruskan kewangan secara khususnya pendapatan kita? Seorang kawan mengeluh kepada saya dengan perbelanjaan yang meningkat kini. Untuk menyambut hari raya perbelanjaan yang perlu dikeluarkan sangat tinggi malahan terpaksa mengeluarkan simpanan.Sepuluh tahun dahulu dengan RM500 sudah cukup untuk berhari raya dengan selesa. Sekarang ini, RM2000.00 masih tidak cukup lagi dengan perbelanjaan pulang ke kampung mencecah lebih RM1000.00 . Tanpa pendapatan tambahan sudah tentu ramai yang akan bergolok bergadai. Menurut kawan saya lagi, bagi keluarga yang sudah kaya-raya pastinya tidak menjadi masalah. Tetapi bagi tonggak keluarga, parah dibuatnya. Itu lah sebabnya bila masa raya, ramai yang paksa rela mengambil pinjaman peribadi sehingga ribuan juga. Baik, cuba kita lihat apa yang besar sangat belanja raya bagi setengah-setengah dari kalangan kita (merujuk kepada keluhan rakan saya), yang bercuti seminggu lamanya. Belum lagi majlis "open house" bila pulang ke Kuala Lumpur.

     1) Belanja pakaian raya untuk empat orang anak dan isteri  (RM200 x 5 = RM1000.00). Yang menariknya beliau sendiri tiada peruntukan untuk pakaian sendiri.

    2) Wang belanja raya ibu-bapa (RM500.00)

    3) Belanja dapur harian dikampung (RM50 x 10 hari = RM500)

    4) Duit raya / sadakah kepada keluarga terapat yang miskin (RM 800.00)

    5) Belanja perjalanan  (tol, minyak dsb) ke dua kampung halaman (RM70+RM200+RM150 = RM420.00)

    6) Belanja membeli beras untuk rumah ibu/bapa dan mertua (RM35 x 4 =RM140.00)

    Baik mari kita lihat berapa belanja raya beliau  = RM3360.0++

    Masya allah... patutlah beliau selalu berkata gaji RM 1350.00 sepuluh dahulu adalah lebih baik dari bergaji RM5000.00 sekarang.. Bergaji RM1350 dahulu tidak bercukai dan kos kehidupan lebih rendah, berbanding sekarang. Berkerja setahun gaji hanya dibayar untuk sebelas bulan. Katanya, yang sebulan tu buat bayar cukai pendapatan semata-mata... Gaji naik setahun di antara 2% hingga 5% setahun (kalau ada kenaikan) tetapi kos sara hidup meningkat 10% hingga 20% setahun.

     Emmm!!!... betul gak! Petrol dulu RM1.00/RM1.10. Belanja baik pulih kereta dulu cuma 30% dari kos sekarang. Ayam RM5.00/seekor ayam kampung, sekarang RM15.00/seekor ayam suntik. Zakat fitrah yang menggambarkan nilai beras RM2.50/secupak sekarang RM7.00/RM7.20 secupak. Ikan jangan cakap lea, dulu kembong RM3.00/kg sekarang RM9-RM15/kg. Dah mahal sangat terpaksa beli ikan pelaling atau selar kuning RM7.00/kg murah siket. Tak masuk perkara-perkara lain lagi. He!5 negara ku yang harmoni dan sangat makmur.

    Jadi! Bagaimana kita nak menabung? Tips yang paling baik ialah, jadilah seorang yang kedekut, jangan jadi macam kawan saya ni...

    Prinsip beliau: "Yang dibelanjakan itulah milik kita, yang tinggal adalah milik waris setelah kita pulang menghadap Allah azza' wajalla".

    Jadi, mana satu pilihan kita yang ada yea!!!

    ----

    TheStar: Sep 13, 2010


    One of the cruel ironies of life is that we only get to appreciate the true value of money after we experience a major loss of income, a career or business failure, an investment failure or a painful bankruptcy. Think about it. Prior to a life-changing experience where substantial finances are lost, money often seems very intangible and worthless.
    Things truly look their bleakest when you have to contemplate selling your house to pay off your debts or you find that you’re getting behind your monthly housing loan repayments. “Your house is your castle”, but simply put, insufficient funds will make that castle difficult to defend.
    Frugal living means smarter spending and better savings
    Making money, wise spending, smart savings, effective asset investment and debt management are lifelong living skills that take time to develop. All five are an important part of a fruitful life. Today’s world is a complicated place. As we go through life, we will potentially experience unforeseen situations caused by career failures, business failures, investment failures, debts obligations, family feuds, relationship issues, marriage failures, physical and mental health failure and financial scams. If you want to avoid these negative experiences, one defensive mechanism is to adopt a simpler approach to living; being minimalist and avoiding wastage.
    Focus on living with a purpose instead of spending time and energy living a lifestyle that is conditioned by consumerism and materialism. There are significant rewards that come when you focus on wealth creation. The first reward is not having to live in financial fear. The choice of adopting a frugal lifestyle is a wise lifestyle approach. Frugal living is not about being stingy or cheap. It is about being smart and wise with money – smart spending and saving more. There is an added bonus to living frugally – less consumption can lead to a cleaner environment, less clutter and wastage. 

    Healthy cash flow management
    When it comes to property ownership, frugal living will help you to manage your cash flow to pay for your housing loan, or even pay your housing loan’s principal faster.This leads to savings on overall interest payments to the bank.
    If you continue this good practice of frugal living, you will be able to accumulate enough cash to buy your next property, and build your wealth in property investments with lower gearing and loan exposure.
    Top five spending drivers
    If you want to venture onto the path of frugal living, you need to find out the top five drivers that make you to spend your hard-earned money. First step is to make a “conscious” financial decision to track and analyse your daily cash and credit payment expenses at the end of each day or week. Before you can discover the root of your present spending habits, you’ll need to know the spending drivers themselves

    When you start to analyse your spending patterns often and pay attention to the five spending drivers, you will be in a better position to understand, correct and ultimately control your spending behaviours.
    Smart spending
    Once you are able to categorise your spending patterns, make a conscious decision to reduce the spending by adopting the following ideas.
    - Idea #1
    Control your emotions by doing something else instead of spending money. Solve the root of the emotion by confronting those causes. You’re your own worst enemy. Recognise your weaknesses and confront them.
    - Idea #2
    Change your thought patterns and convert to positive self-talking:
    • I don’t really need it because ..........
    • It is not necessary to have it now .......... because ..........
    • There is no need to have it now .......... because ..........
    • I can wait .......... because ..........
    - Idea #3
    Manage your relationship with people or family; communicate or discuss with them how to achieve compromised spending arrangements. Negotiate. There is no need to feel that you are worse off if you don’t get to spend or invest like your friends. You are unique and special in your own way.
    - Idea #4
    Keep a strict regimen of your spending. Use cash and avoid credit cards when possible. Think out-of-the-box and find new ways to save money. Make it a part of your daily lifestyle. Constantly look for cheaper alternatives and be contented with what you already have.
    The more you practise smart spending, the better you become.
    Money not spent is saved. The 10 tips below will only work if you truly have a desire for future financial success. Be persistent and disciplined in the course of your daily actions.
    Tip #1 Saving money can be an automatic habit. One easy way to save automatically is to create bank auto-deductions from your salary account to a savings or investment account.
    Tip #2 Save more than necessary. The reward of saving comes in the form of wealth creation. Set short-term savings goals that are easily achievable. Set specific investment goals like a down payment for a new property, purchase of gold bars, purchase of company stocks, investments in unit trust/mutual funds or settle your loans and debts.
    Tip #3 Review savings regularly and during times when there are life stage changes e.g. single to married, becoming a parent, employment to retirement, employee to business owner. Conduct an annual, semi-annual or even quarterly review of your savings and investment achievements.
    Tip #4 Continue saving money by spending wisely based on a spending system that works for you. Reduce regular spending habits or behaviours by reducing spending frequencies. For example, target every two weeks instead of weekly, and look for cheaper alternatives, recycled products and multi-functional substitutes.
    Tip #5 Surround yourself with friends, colleagues and family members who you can educate and recruit to support your collective frugal spending. Create a “frugal friends and family” network!
    Tip #6 Saving and spending money are daily affairs. Be conscious of your choices when you spend your money, and your mode of payment – cash, debit card or credit card. Develop a system that allows you to limit your cash spending and credit spending. Look for discounts, vouchers and rejoice in the frugal living lifestyle.
    Tip #7 Manage your emotions and control your irrational “spend money” urges. Instead, involve yourself in activities that will either save or generate money for you.
    Tip #8 Be knowledgeable about money by reading and talking to friends and acquaintances - Be financially savvy and intelligent – and be proud of it.
    Tip #9 Be an accountant of your personal finances. Prepare a monthly cash flow budget and keep track of cash and credit spending to help you manage savings and spending. Prepare monthly net worth statements to keep track of your assets and liabilities.
    Tip #10 Conduct monthly reviews of your personal finances with your family and loved ones if they have influences on your spending and savings. Work with them to achieve your mutual financial goals.

    Saturday, August 21, 2010

    More Rumours.... Don't Believe Blindly... Do Your Homework...

    Most valueable investment gems in ramaddan is lailatul qadart nigh, prepare ourself in this month to find lailatul qadar and to make more ibadah investment for our next life as well!! Don't forget time running out now...!!!

    a. Speculative Play (Rumors Based) as at Aug 2010;
    b. List Of Sectoral Stocks;
    c. Stocks To Watch For 13th General Election;
    d. Target Price(s) Set By Research Houses After Greece 's Debt Crisis Erupted (May 2010);
    e. List Of Top 30 Equity Investments Listed on Bursa Malaysia as at March 2010;
    f. FBM KLCI Members Effective June 21, 2010


    Speculative Play (Based On Rumours) as at Aug 2010 ...

    Stemlife//TMC Life, ECM, Kurnia Asia, YNHP, Baneng (PN 17), Delloyd, TimeDotCom/Time Eng, BRDB/Mieco, EPIC/AZRB, Xingquan, Sinotop, POS/Ekuinas, PLUS/Axiata/CIMB/Tenaga, P&O, Ranhill, Scomi Eng, KYM, KBB (PN17), Carotech, E&O, Sarawak Plantations, Genting Mal, Bina Puri, CIMB, BHIC, Ireka, Sime Darby, Mudajaya/Mulpha, DRB-Hicom, Cocoaland, Sapura Res, Fitters, Jetson, UEM Land, MAHB, Zelan, KEuro, Kencana, Faber, Konsort/POS, Kencana/Dialog, TGOFFs, Petra Perdana/Petra Energy, Dayang, Integrax, Proton, Gamuda, Affin, BJCorp, EForce, Malton, POS/Transmile (PN 17), GKent/Johan, LBS, MBSB, MyEG, Ramunia (PN 17), Perisai, Hiap Teck/Peruden, Vastalux, MRCB, Ingress, JAKS, Jerneh/Paramount, Fitters, Mudajaya, Bina Puri, EON Capital/HL Bank, Cocoaland, GKent, MBSB, SSteel, SapCrest/Kencana, Transmile, Gamuda/MMC Corp JV, BJCorp, Zeland, RHB Capital, POS, POS/Konsort, Kencana/Dialog, Integrax, KNM, MPHB, IJM Corp/UEM Group/MRCB, KPS/KHSB/Puncak Niaga/JAKS, Dayang/Petra Energy, Kenmark (PN17), Malton, IOI Corp, SILK


    b. List Of Sectoral Stocks …

    Construction: HSL, IJM, KKB, Gamuda, Alam Maritim, WCT, Sunway Holdings
    Gaming: Genting Bhd, Genting Mal, BJtoto, Genting Singapore
    Industrial: Supermax, Daibochi, Kossan, Top Glove, Hiap Teck, Evergreen, Salcon, Kinsteel, Lion Ind , WellCal, JAKS, APM, Ann Joo, Perwaja, Sino Huaan, Latexx
    Plantation : TH Plantations, Sime Darby, PPB, Kulim, Genting Plantations, IOICorp
    Services: Maybulk, Century Logistics, POS, JobSreet, Tenaga, MYEG, MAS, Parkson
    Oil & Gas: Kencana, Dialog, Wah Seong, Sap Crest, Perisai, Dayang, Coastal
    Technology: Eng, Notion Vtec, JCY, Unisem
    F&B: KFC, F&N, CI Holdings, Guiness, Mamee, AJI, Nestle, Carlsberg, QL, Cocoaland
    Banking/Finance: Maybank, AFG, HL Bank, Bursa
    Healthcare: Faber, KPJ
    Telcos: Axiata, MAXIS, TM
    Property Developer: Glomac Bhd, SP Setia, IJM Land , Mah Sing, Gamuda Land, KLCCP
    Autos: Tan Chong, APM
    Conglomerate: Sime Darby, BStead


    c. Stocks To Watch For 13th General Election …

    CIMB, MRCB, IJM, UEM Land, Hong Leong, Scomi, Proton, Sapura Crest, Wah Seong, MMC Corp, DRB-Hicom, Zeland, Hiap Teck, George kent, Hong Leong Ind, Johan, Mamee, Nylex, Paramount Corp, Delloyd Ventures, Daiman, Symphony, Malaysia Smelting, Tradewinds Corp, Tower REIT, Trdaewinds Plantations, Dijaya, HLG Capital, Bolton, VS Industry, Ancom, PadiBeras, YHS, Winsun Tech, TH Group


    d. Target Price(s) Set By Research Houses After Greece 's Debt Crisis Erupted ... May 2010

    1. Tan Chong: 3.95 (MIDF), 7.05 (CIMB), 6.40 (OSK)
    2. Proton: 4.67 (MBB), 5.60 (CIMB), 5.80 (MIDF), 4.85 (HDBS)
    3. APM: 4.20 (Inter-Pacific), 5.40 (AMResearch), 4.90 (HLG)
    4. Kulim: 7.32 (Inter Pacific), 7.92 (MIDF)
    5. Axiata: 3.77 (ECM), 4.80 (OSK), 4.52 (Inter Pacific), 4.95 (CIMB), 4.50 (HDBS), 6.00 (AMResearch)
    6. Sime Darby: 6.74 (OSK), 8.15 (CIMB)
    7. Maxis: 5.86 (OSK)
    8. BStead: 4.48 (ECM), 4.40 (AMResearch), 4.40 (TA)
    9. RHB Capital: 5.77 (MBB)
    10. Airasia: 2.20 (OSK), 1.90 (CIMB), 2.20 (AMREsearch), 1.20 (Nomura), 2.08 (RHB)
    11. Evergreen: 1.43 (RHB), 3.41 (Nomura)
    12. SapCrest: 1.95 (RHB), 3.02 (CIMB), 3.12 (AMResearch), 2.90 (InterPac)
    13. BJtoto: 4.37 (OSK), 4.80 (UOB Kay Hian), 4.75 (MIMB)
    14. MAsteel: 0.92 (OSK)
    15. Kossan: 10.43 (CIMB), 4.95 (Citigroup), 5.10 (MBB), 3.20 (HDBS), 3.82 (AMResearch)
    16. JCY: 2.28 (CIMB)
    17. Alam M: 2.58 (AMResarch), 1.99 (OSK)
    18. Wah Seong: 2.90 (ECM)
    19. TDM: 2.26 (Jupiter)
    20. BHIC: 4.40 (AMResearch), 4.40 (HDBS)
    21. Muhibbah: 1.35 (Kenanga)
    22. CI Holdings:3.66 (OSK)
    23. Unisem: 2.77 (Inter Pacific), 3.80 (AMResearch), 2.32 (OSK),
    24. Wellcall: 1.30 (Inter Pacific)
    25. KPJ: 4.62 (OSK), 4.25 (RHB)
    26. POS: 3.17 (Inter Pacific), 3.80 (AMResearch), 3.66 (CIMB)
    27. Gamuda: 2.74 (RHB), 3.80 (MBB), 4.35 (HDBS), 3.82 (AMResearch), 3.50 (ECM)
    28. Selangor D: 1.07 (Kenanga)
    29. HL Bank: 10.90 (AMResearch)
    30. EPIC: 1.95 (MBB), 2.19 (OSK), 2.40 (MBB)
    31. Mah Sing: 2.20 (Inter Pacific), 2.20 (Maybank), 2.10 (HLG), 1.72 (CIMB)
    32. Tasek Corp: 5.90 (CIMB)
    33. Notion: 3.38 (OSK), 3.64 (Kenanga), 4.50 (HDBS), 4.20 (MBB), 3.63 (ECM), 4.05 (CIMB), 1.85 (ECM)
    34. YNHP: 1.400 (ECM)
    35. NCB: 4.30 (OSK)
    36. QL Res: 5.10 (MBB), 4.90 (RHB), 4.16 (CIMB), 5.50 (Citigroup)
    37. Dialog: 1.40 (AMResearch), 1.30 (RHB), 1.43 (OSK)
    38. Kencana: 2.00 (AMResearch), 2.15 (CIMB), 2.06 (OSK), 1.52 (RHB)
    39. MISC: 8.88 (S&P), 8.92 (ECM),
    40. KNM: 0.68 (MBB), 0.42 (AMREsearch), 0.55 (HDBS)
    41. JobStreet: 3.30 (HDBS)
    42. Naim: 4.60 (AMResearch), 3.52 (OSK), 4.10 (Kenanga)
    43. Latexx: 5.44 (CIMB)
    44. Sunway Hl: 2.00 (ECM), 2.20 (MBB), 2.10 (HDBS), 2.0 (ECM), 2.22 (OSK)
    45. IOI Corp: 5.20 (MBB)
    46. Salcon: 0.81 (OSK)
    47. Sino Hua An:0.35 (RHB), 0.47 (OSK)
    48. MAS: 2.10 (MIDF), 3.50 (AMResearch), 2.54 (MBB), 3.00 (CIMB), 2.10 (OSK)
    49. PPB: 17.50 (HDBS)
    50. WCT: 3.03 (AMResearch), 3.60 (HDBS)
    51. Coastal: 3.66 (Kenanga)
    52. Perwaja: 1.06 (OSK)
    53. TM: 3.27 (Inter Pacific), 3.28 (OSK), 3.90 (AMResearch)
    54. YTL Corp: 8.00 (ECM)
    55. Genting Mal: 2.40 (MBB), 3.40 (Kenanga), 2.78 (ECM), 3.05 (JP Morgan), 3.70 (Nomura)
    56. Kawan Food: 1.60 (Kenanga)
    57. Top glove: 15.15 (OSK), 14.20 (MIDF), 17.90 (CIMB), 7.25 (CITI), 5.40 (HDBS), 6.25 (AMResearch)
    58. Adventa Bhd: 4.34 (RHB), 5.37 (OSK), 4.45 (CIMB)
    59. MAHB: 6.15 (HDBS), 5.83 (Kenanga), 6.10 (CIMB), 6.12 (MBB)
    60. SP Setia: 3.59 (OSK), 5.51 (CIMB)
    61. Sime Darby: 6.74 (OSK), 8.95 (TA)
    62. AOEN: 4.95 (OSK)
    63. IJM Corp: 5.01 (RHB), 6.20 (HDBS)
    64. GENP: 7.35 (AMResearch)
    65. Mamee; 3.22 (MIMB), 3.76 (Inter Pacific), 4.00 (OSK)
    66. Tanjung Offshore: 1.30 (MBB)
    67. AFG: 3.30 (AMResearch)
    68. HELP: 3.58 (OSK), 3.58 (OSK)
    69. 3A: 2.21 (AMResearch)
    70. Freight: 0.96 (HLG), 1.40 (OSK)
    71. KFC: 10.68 (MIDF)
    72. CSC Steel: 2.22 (OSK), 2.19 (AMResearch), 2.10 (RHB)
    73. KL Kepong: 18.00 (MBB)
    74. Mudajaya: 5.88 (CIMB), 7.33 (OSK)
    75. YTL Power: 2.36 (ECM)
    76. Pantech: 1.30 (TA)
    77. Tenaga: 10.00 (AmResearch), 10.00 (HDBS), 10.50 (RHB), 9.90 (OSK)
    78. Parkson: 6.75 (OSK), 6.50 (Inter Pacific), 6.60 (Citigroup)
    80. Hai-O: 4.42 (OSK), 3.63 (RHB)
    81. Perisai: 0.700 (HDBS)
    82. Petra Perdana: 1.44 (OSK), 1.92 (CIMB), 1.98 (CIMB)
    83. VI Industry: 1.52 (Kenanga)
    84. Faber: 3.56 (OSK), 3.55 (HDBS), 3.54 (RHB), 3.52 (Inter Pacific), 3.50 (MIDF), 2.90 (S&P)
    85. Glomac: 1.700 (Inter Pacific), 1.40 (AMResearch)
    86. Cocoaland: 2.18 (CIMB), 3.00 (AMResearch), 3.11 (TA)
    88. Subur: 2.60 (S&P)
    89. Bursa: 6.90 (Kenanga), 6.20 (HDBS), 7.80 (CIMB), 6.50 (MBB)
    90. UMW: 6.40 (Inter Pacific), 6.95 (ECM)
    91. TGOFFs: 1.45 (HDBS)
    92. SUNREIT: 0.97 (OSK)
    93. CBIP: 3.70 (RHB), 3.31 (AMResearch)
    94. Delloyd: 3.90 (OSK)
    95. E&O: 1.40 (HDBS)
    96. MRCB: 2.25 (HDBS), 1.96 (RHB)
    97. Suria Capital: 1.65 (CIMB)
    98. UEM Land: 2.00 (Credit Suisse)
    99. LPI: 19.23 (RHB)
    100. Scomi Group: 0.80 (AMResearch)
    101. Fajar: 1.39 (RHB), 1.40 (RHB)
    102. MPI: 8.90 (AMResearch)
    102. F&N: 15.20 (AMResearch), 12.44 (MIDF)
    103. BRDB; 1.83 (OSK)
    104. Affin: 3.55 (RHB), 3.55 (RHB)
    105. Zhuian: 3.45 (Inter Pacific)
    106. AEON: 5.42 (OSK), 5.10 (MBB)
    107. Bina Puri: 1.77 (Kenanga)
    108. KLCC: 3.70 (HDBS)
    109. Bursa: 6.90 (Kenanga)
    110. Bolton: 1.50 (HDBS)
    111. QSR: 5.47 (Nomura)
    112. Dayang: 3.00 (HDBS)
    113. Zhulian: 2.85 (HDBS)
    114. HPI: 1.60 (Kenanga), 1.80 (S&P)
    115. Genting SP: S$1.55 (JP Morgan), S$1.60 (Macquarie),
    116. GAB: 8.70 (TA)
    117. Supermax: 7.40 (Citigroup)
    118. Daibochi: 4.60 (CIMB)
    119. Genting Plantation: 6.50 (RHB)
    120 New Hoong Fatt: 2.85 (OSK)
    121. PLUS: 4.13 (ECM), 4.30 (OSK), 4.33 (RHB)
    122. P&O: 1.65 (Kenanga)
    123. AMMB: 5.60 (OSK),
    124. Ann Joo: 2.75 (MIDF), 2.47 (OSK), 2.74 (RHB), 4.20 (AMResearch)
    125. SILK: 0.46 (MIDF)
    126. TH Plantation: 1.70 (MBB)
    127. NHF: 2.80 (S&P)
    128. KKB: 2.64 (OSK)
    129. Kurnia Asia: 0.63 (RHB), 0.86 (OSK)
    130. Seacera: 0.51 (S&P)
    131. RHB Capital: 7.85 (OSK)
    132. Uchi Tech: 1.56 (CIMB)
    133. MBM Resources: 4.60 (HDBS)
    134. Maybulk: 2.70 (CIMB)
    135. Petra Energy: 1.44 (OSK)


    e. List Of Top 30 Equity Investments Listed on Bursa Malaysia as at March 2010 ...

    1. MBB : 67.33%
    2. RHB Capital: 56.14
    3. MRCB : 41.54
    4. Media : 24.10
    5. WCT : 22.89
    6. IJM Corp : 19.85
    7. C&C : 19.09
    8. Star : 17.37
    9. Tenaga : 16.83
    10. Digi : 16.79
    11. Axiata : 16.58
    12: Shell : 16.31
    13. UMW : 16.10
    14. PBB : 16.00
    15. Petro Gas : 15.65
    16. Proton : 15.49
    17. CIMB : 15.41
    18. Dialog : 15.30
    19. AFG : 15.27
    20. Gent Pla : 15.14
    21. KL Kepong : 14.86
    22. SP Setia : 14.71
    23. Sime Dar : 14.61
    24. Unit Pla : 14.36
    25. MAS : 13.66
    26. Punk Nia : 13.53
    27. AMMB : 13.33
    28. Axis REIT : 13.23
    29. Sunrise : 13.21
    30. IOI Corp : 13.15


    f. FBM KLCI Members Effective June 21, 2010

    MBB, CIMB, Sime Darby, PBB, Maxis, MISC, Tenaga, IOI Corp, Axiata, Genting, Petronas Gas, PPB, Digi, KL Kepong, PLUS, Genting Mal, YTL Power, AMMB, YTL corp, Hong Leong Bank, RHB Capital, BAT, Telekom, Petronas Dagangan, Hong Leong Financial Group, MMC Corp, Tanjong Plc, MAS, UMW, BJtoto

    Thursday, August 19, 2010

    Check These Summay For Investment Planning

    Someone email this, don't know how accurate this info was, check your self.

    *** UNCERTAIN ***
    1.      Eastern Corridor Development Programme (Petronas-Led)
    2.      Sarawak Region Corridor
    3.      The Sabah Development Corridor
    4.      The Asia Petroleum Hub In Johor
    5.      The Solid Waste Management Play
    6.      Flow of OPEC Petrodollars
    7.      The Trans-Peninsula Pipe Project
                                                       *** UNCERTAIN ***
                                                                        
    8.      Implementation Of the Ninth Malaysia Plan
    9.      A Stronger Ringgit Regime (Further Appreciating)
    10.  Privatization And M&As Deals (The Banking Sector)
    11.  Asset Reflation Theme (Strengthening Ringgit)
    12.  Sarawak Corridor Of Renewable Energy (SCORE)
    13.  Northern Corridor Economic Region
    14.  Iskander Development Region (IDR) In South Johor
    15.  RM9 Billion LRT Extension Project
    16.  The Water Services Industry
    17.  A U-, V-, W- Or L-Shaped Global Economic Recovery (Uncertain)
    18.  Fiscal & Monetary Pump-Priming (Uncertain Due To Eurozone Debt Crisis)
    19.  The Economic Stabilization Plan, Mini Budget & Budget 2010
    20.  Interest Rate Cycle ( Uncertain Due To Eurozone Debt Crisis)
    21.  Decoupling – Emerging Economies Is Disconnected From Developed Countries (Uncertain)
    22.  Further Liberalization Of The Services/Financial Sector
    23.  The Malaysian Government’s Reform “Train”
    24.  GLCs Revamp
    25.  The ‘Third’ Link Bridge (Eastern Johor) To Singapore (Uncertain)
    26.  A ‘Third Stimulus’ Package (Uncertain)
    27.  Second Wave Privatization
    28.  Policy Announcements In March 2010 Annual Invest Malaysia Conference
    29.  10th Malaysia Plan And Capital Master Plan -> New Economic Developments Model
    30.  The 2011 Budget Speech
    31.  Sarawak State Elections, Which Is Likely To Be Held In 2010
    32.  13th General Election
    33.  RM36 Billion MRT System
    34.  The Malaysia Singapore JV Involved In KTMB Land In Singapore
    35.  Malaysia Listed As China’s QDII Destination
    36.  The Redevelopment Of Kampung Baru
    37.  The Redevelopment of Sungai Besi RMAF
    38.  The Redevelopment of Pudu Prison
    39.  The Redevelopment of RRIM
    40.  Government Backed Entities – 1MDB, Ekuiti Nasional Bhd
    41.  The Bakun Dam

    Watch List In 2010

    1.      The proposed changes to takeover rules by the SC will be announced in “a few months” from July 2010 as they are being bundled together with other investor protection initiatives;
    2.      The initial part of the Pahang-Selangor interstate water transfer project, which is the RM1.3bil tunnelling package, had been awarded in May 2009. The only portion of the project which had yet to be opened for tender was the RM4bil to RM5bil Langat 2 water treatment plant. The other portions – the Kelau dam and Semantan piping works – are opened for tender;
    3.      Minister in the PM’s Dept Datuk Seri Idris is leading a group of comprising representatives from the private and public sectors to come out with a master plan to develop a cluster of large O&G players;
    4.      The 10 MP is driven by the National Key Economic Areas of which details of implementation are expected to be unveiled only in Oct 2010. Part 2 of the NEM will be disclosed in 4Q2010;
    5.      In East Malaysia, particularly Sarawak, opportunities are expected to come from infrastructure works related to the state’s renewable energy corridor initiative where it plans to build a series of hydroelectric dams to cater for energy-intensive industries;
    6.      The 2011 Budget slated for October 15 2010;
    7.      The 2010 Umno General Assembly will be held from Oct 28-30 2010. The branch meetings would be held from May 1 to June 15 2010 while the divisional delegates’ meetings and those of the three party wings -- Youth, Wanita and Puteri -- would be held from June 16 to July 16 2010.
    8.      Malaysia and Singapore agreed to finalise the land swap decision within three months from June 2010;
    9.      The Economic Transformation Plan which includes the 12 NKEAs slated for Oct 2010;
    10.  Chief Minister Tan Sri Abdul Taib is gearing up for the state election, which must be held by July 2011, but sopped short of hinting how soon it will be held. He said all the leaders of the four Sarawak BN component parties were instructed to get ready for the Sarawak state election (due by May 2011);
    11.  The Land Public Transport Commission (SPAD) will draw up a public transport masterplan in six to 12 months from September 2010 to ensure the holistic development of public transport in the country;
    12.  PNB will conduct a study on the Government’s plan to redevelop Kampung Baru. The Kampung Baru Development Corporation, which serves as the planning and governing body for development actvities in Kampung Baru in Kuala Lumpur, is expected to be operational next year (2011);
    13.  PAAB is hoping to complete its planned acquisition of water assets in Selangor by the end of the year (2010)
    14.  The Kampung Baru Development Corporation, which serves as the planning and governing body for development actvities in Kampung Baru in Kuala Lumpur, is expected to be operational next year (2011).

    Watch List In Coming Week(s)

    1.      Positive News Flow On Major Projects Awarded For Construction;
    2.      The 2Q2010 results reporting season goes full force in the second week of August 2010;
    3.      Sime Darby would be announcing its FY10 results on 26 August 2010;
    4.      Ariasia would be announcing its results on 18 August 2010;
    5.      Sino Hua-An set to announce its results on August 24 2010

    Corporate Watch List In Coming Months

    June 2010 …

    1.      Ramunia could be known by June 2010 if its bid for a US$240 million job to fabricate structures for the Suez Canal is successful. Ramunia submitted the bid since 2009. Since it disposed of its yard to Sime Darby, Ramunia has been on the lookout for new cash generating assets. Playing a key role in the restructuring of Ramunia is LTH (Pending);

    July 2010 …

    1.      On July 7 2010, the court will decide on the applications made by defendant. It had filed a suit against the company’s former directors, its unit Bukit Jalil Development and Malton’s subsidiary Pioneer Haven Sdn Bhd relating to their joint development agreement (JDA) (Pending);
    2.      Oilcorp Bhd plans to issue its annual audited financial statements for its fiscal year ended Dec 31, 2009 by the end of July 2010 upon completion of several corporate exercises (Pending);
    3.      Manta Holdings Co Ltd (MHCL), a wholly owned subsidiary of Mulpha International Bhd expects to raise HK$50 million (RM21.2mil) from its listing on the main board of the Hong Kong Stock Exchange in July 2010 (Pending);

    Aug 2010 …

    1.      Genting SP shareholders will vote on the proposed divestment of Genting UK on Aug 18 2010, while Genting Mal shareholders will have to decide on the proposed takeover at its EGM on Aug 24 2010;
    2.      The future of Integrax Bhd could be determined as the board meets on Aug 9, 2010 to discuss whether or not to go ahead with its transshipment services agreement with Vale International SA;
    3.      Sime Darby would be announcing its FY10 results on 26 August 2010. Sime Darby would like to clarify that based on its best estimate, it still expects its results for FY10 to be in the black;
    4.      With the green light given by the MoF, HLBB’s takeover offer for EONCap is subject to the approvals of the SC and shareholders of both banking groups, as well as the result of the Primus lawsuit. The board of EONCap had announced that it was taking the deal to shareholders to vote at the company’s EGM on Aug 19 2010;
    5.      Detailed list of the programmes and projects for the first two years (2011-2012) rolling plan of the 10MP and Part II of the New Economic Model;
    6.      Lawmakers intend to involve the private sector to redevelop (government prime land) a few parcels of strategic sites in the Klang Valley. Of great interest will be the 20ha landbank worth some RM2 billion along Jalan Cochrane and between 8ha and 12ha within Ampang Hilir near the KLCC. The 1,360ha within the Rubber Research Institute of Malaysia enclave in Sungai Buloh, Selangor and other potential KL sites along Jalan Stonor, Brickfields, and Bukit Ledang. A reasonable time line for award for sought after pieces of land is in Aug 2010 during the tabling of the 10MP;
    7.      EONCap will hold its EGM on Aug 19 2010 for shareholders to vote on the proposed disposal of its entire assets and liabilities to HLBB;
    8.      The government is likely to announce the award of contracts for two major public transport projects worth RM1.1 billion in Aug 2010 to Scomi Eng (Partial);
    9.      Malaysia will only announce its 2Q2010 GDP numbers on Aug 2010;
    10.  MRCB is front runner in acquiring several parcels of land in KL and Selangor, including 60.7ha in Jalan Cochrane, an 8 ½ ha tract in Jalan Ampang Hilir and another 400ha in Sungai Buloh under the purview of the Rubber Research Institute of Malaysia. Government land sales are expected to be announced in conjunction with the unveiling of the 10 MP;
    11.  B-Retail, which owns 7-Eleven Malaysia Sdn Bhd and Singer (Malaysia) Sdn Bhd, is scheduled for listing in mid-August 2010;

    Sept 2010 …
                                                         
    1.      Axiata will be announcing a dividend policy by the end of the 3Q2010;
    2.      Kencana Petroleum Bhd and Dialog Group Bhd are among nine companies shortlisted to construct an oil and gas services terminal in Malaysia’s Sabah state. Contract expected to be awarded on September or Oct 2010;
    3.      The actual transfer of assets and liabilities from EON Capital to HLB will only be done once the Kuala Lumpur High Court makes its final decision … Sept 20 to Sept 23 2010 as well as on Sept 27 and 28 2010;
    4.      Primus had filed a legal suit last month against the directors of EON Cap and three entities controlled by Rin Kei Mei and Tan Sri Tiong Hiew King for RM1.1bil in damages as it believed the price for EON Cap should be much higher than that offered by HLB. It was reported that trial dates were set on Sept 20 to 23 as well as on Sept 27 and 28 2010;
    5.      The result of Sime Darby’s forensic investigations is expected to be announced by the end of September 2010;
    6.      Sinotop’s 3Q2010 results will be announced in Nov 2010. A better result will win back investor confidence;

    Oct 2010 …

    1.      Faber’s renewal of its medical services concession will be sometime in Oct 2010;
    2.      The listing of Malaysia marine & Heavy Engineering Sdn Bhd (MMHE) – a unit of Petronas – in Oct 2010;
    3.      Industry observers do not discount the possibility of more tax or duty hikes at the Budget 2011 in October 2010

    Nov 2010 …

    1.      US Democrats midterm congressional elections in Nov 2 2010;
    2.      A Saudi-Malaysian consortium, whose member includes MAHB has prequalified to bid for work for the first phase of the expansion of Prince Mohammed Bin Abdulaziz Airport in Medina, Saudi Arabia. An award expected by the end of November 2010;
    3.      Contractors For LRT Package A are supposed to submit their tenders in August 2010. It will then need two to three months to evaluate them and hopefully start the main ground works in November 2010. Sources say IJM Corp is a strong candidate for a portion of the main civil works. As such UEM Group also stands a chance. However MRCB could turn out to be a surprise candidate;
    4.      HLBB and EONCap have given themselves a time extension to obtain the relevant approvals for their proposed transaction on the sale of the latter’s assets and liabilities to the former by Nov 30 2010, from Aug 15 2010 previously;
    5.      Bursa has extended the deadline for Ho Hup Construction Bhd by another three months to Nov 4 2010 to submit its regularisation plan

    Dec 2010 …

    State private equity fund manager Ekuiti Nasional Bhd (Ekuinas) will announce its third investment before year-end (2010). They are talking with a number of parties but have not decided on any companies or sectors. This (third investment) is to fulfil its third objective to invest in the non-core assets of either GLCs, PLCs or MNCs

    Jan 2011 …

    1.      KEURO’s  directors are of the view that approval to implement the WCE will be obtained in FY2011 ending Jan 31, 2010;
    2.      The Energy Commission (EC) hopes to identify the power company (Tenaga, MMC Corp and Jimah Power Sdn Bhd)  that will plant up an additional 1,000MW of electricity by the end of January 2011

    Few Months From Now Aug 2010 …          

    1.      The government is expected to deliberate on the outcome (Merger Between Proton & Perodua) before making recommendations to the Cabinet by year-end (2010);
    2.      Valuable feedback from discussions held between Proton Holdings Bhd and Perodua on a possible merger will be forwarded to the government. The government is expected to deliberate on the outcome before making recommendations to the Cabinet by year-end (2010);
    3.      CDRC had via its letter dated Aug 11 2010 accepted Limahsoon’s application. The CDRC had given the company six months from Aug 11 2010 to complete the proposed debt revamp;
    4.      Baneng’s debt reconstruction exercise scheduled to be completed by the end of 2010 or latest by early next year (2011) . The company has sitting on the board as an independent non-executive director Tengku Sulaiman Shah, the brother of the Sultan of Selangor;
    5.      Feasibility study on a proposed MRT system (Gamuda/MMC Corp) in KL will be completed in Sept 2010. The commission will take a look at the three-month from Sept 2010 study and submit it to the government, which will decide on the proposal;
    6.      The Indonesian bourse said it may approve the dual listing of CIMB parent company;
    7.      Scomi Engineering consortium was the second lowest bidder RM3 billion Tiradentes monorail project in Sao Paulo, Brazil., in the first round, but with their specifications complying with the requirements of the Brazilian authorities. The lowest bidder, it seems, had fallen short on certain counts;
    8.      Stamford College has decided to appeal against the rejection and had deliberated on the rejection through various meetings and had decided to appeal against Bursa Securities' decision within one month (Aug – Sept 2010);
    9.      It is understood that SC’s review of Mudajaya is still at the “surveillance” stage and has not escalated into a full investigation. A source familiar with the situation added that the SC had met with Mudajaya managing director Ng Ying Loong in early Aug 2010 and that the regulator had not contacted him since;
    10.  Scomi Eng had submitted a proposal to the Chennai’s state government about three months ago and hopefully, by year-end (2010) there will be some developments.Sources say JAKS has teamed up with a reputable local contractor to bid for the piping package worth up to RM400mil – with a result to be known by end-1H 2010 (Pending);
    11.  Linear director had undertaken to “deliver” the King Dome project to Linear, to “indemnify” Linear in the event of any loss, including refund of the cash advanced and to take over the letter of award at cost in the event Linear decides not to proceed further. A Nov 30 2010 deadline had been set. Linear is expecting itself to be out of PN17 “within 12 months” from June 2010. The company already has a turnaround plan in mind, which will be spearheaded by its new directors;
    12.  Khazanah could possibly lower its shareholding or exit altogether in the near term of about six months starting Aug 2010, including those under UEM Group. The likely assets (for divestment) are PLUS Expressways Bhd, CIMB Group Holdings Bhd, Tenaga Nasional Bhd, Time Engineering Bhd, TIME dotCom Bhd and DRB-Hicom Bhd,” said the report;
    13.  UEM Group Bhd has no plans yet to dispose of its 45% stake in Time Engineering Bhd, but will do so if there are interested parties with substantial game plan. Time Engineering had received its shareholders’ mandate in July 2009 to sell its entire stake in TdC at no less than 48 sen a share;
    14.  PJI is in process of a capital restructuring exercise which hopes to complete in six months (July 2010 – Dec 2010). It is also undergoing a management reshuffle. It has disposed two of its assets;
    15.  Transmile and TAS have obtained an order to convene a meeting of scheme creditors within the aforesaid period to seek approval for their respective schemes of arrangement. The High Court had granted Transmile a restraining order under Section 176 of the Companies Act 1965 to halt further proceedings and actions taken against the company and Transmile Air Services Sdn Bhd (TAS) for 90 days starting July 16 2010;
    16.  Petra Energy/Perdana is confident of securing a "significant chunk" of the contracts by Petronas worth RM3.2 billion of which the results will be known in six months from June 2010;
    17.  Airasia X’s IPO slated for 2H2010;
    18.  MPHB’s management was looking at re-listing Magnum end of 2010 or in 2011. The company was taken private in 2007;
    19.  Ramunia was working out its financial regularisation plan and hoped to exit the PN 17 status by the end 2010. It would be meeting its secured and unsecured creditors on May 7 2010 to work out the payment scheme. It had RM347 million in borrowings;
    20.  Sources say LBS is in talks with HK listed Jiuzhou Development Co Ltd to divest itself of equity interest to the latter. It is believed that the negotiations are in the final stage;
    21.  Petronas Carigali is expected to call a tender for its offshore topside maintenance services in the next few months (May 2010 & Beyond). Estimates the contract values for both Peninsular Malaysia and Sarawak and Sabah operations at around RM1.2 billion. Dayang is the incumbent for the SKO & SBO while Vastalux holds the PMO operations

    In The Near-Medium Term (No Exact Date Stated)…

    1.                  The acquisition of YNHP shares by its major shareholders and directors could be a preclude to bigger corporate moves;
    2.                  Speculation that Jerneh Asia/Paramount has firmed up the disposal of its insurance business. Market talk that the price and buyer could be announced soon;
    3.                  Palm oil mill equipment maker CBIP intends to sell its stakes in associate and JV plantation companies in Sarawak;
    4.                  BNM has given the nod for P&O to begin talks to buy a stake in insurer Pacific & Orient but there have been no discussions about a price yet;
    5.                  Bstead has obtained approval from the Securities Commission's Equity Compliance Unit to acquire a controlling interest in Pharmaniaga Bhd;
    6.                  Genting UK & SP operation saw an improved business volume in the second quarter ended June 30, 2010. Doubts remain whether Genting SP’s solid performance is sustainable once the initial euphoria wears off;
    7.                  The Naza brothers may exit Jetson Bhd, barely 12 months after they took control of the company. They are studying the options of an exit strategy;
    8.                  Kurnia Asia is reviving its plan for an insurance venture in Cambodia with a new partner. It is applying for insurance licenses in Cambodia but operations are only likely to come onstream in 2011;
    9.                  Delloyd is currently in discussions with Syarikat Prasana Nasional Bhd (SPNB) on the possibility of manufacturing a lower decked long bus;
    10.              Syed Zainal reaffirmed about a possible foreign partner for Proton, stating that the group was in discussions with various global OEMs;
    11.              Genting New York LLC’s bid to redevelop Aqueduct Racetrack and operate New York City’s first slot machine-style “racino” won support from the state Senate majority leader. The project award needs the approval of Assembly Speaker Sheldon Silver to proceed. The Manhattan Democrat hasn’t indicated publicly whether he will accept Genting;
    12.              There has been talk that TimeDotCom could be a beneficiary of its linkage Global Transit Intl Sdn Bhd, which is involved in the development of the Trans-Pacific Unity submarine cable system;
    13.              Mieco Chipboard Bhd major shareholder BRDB was still in preliminary and exploratory discussions with a Chinese party on selling its stake in Mieco to the latter. BRDB would make the appropriate announcement;
    14.              Sources say state controlled Terengganu Inc Sdn Bhd is planning to privatize its
    15.              40.13% unit EPIC. AZRB which has a 21% stake in EPIC … But Denied;
    16.              Xingquan has been actively seeking new partners for some time, is finalizing talks with at least one local party to take up a substantial stake in the company but no deal is impending at the moment;
    17.              The proposed acquisition of PT Bank Ina Perdana by Affin Bank Bhd may be the start of bigger things to come for the Malaysian bank in the Indonesian market.
    18.              Grantham Mayo Van Otterloo & Co holds a 5 per cent stake in Zeland. Zelan has 98.5 million IJM shares remaining, or a 7.31% stake. Its net asset per share stood at 83 sen as at March 31, 2010 (June 2010). Speculating Privatization Zelan But Deny in May 2008. Zelan proposed to obtain a mandate from its shareholders to dispose of up to 30 million shares in IJM translating into a 2.23% stake. As at July 15, 2010, the total borrowings of the Zelan Group stood at RM291.98 million;
    19.              A white knight may emerge for KKB. Sources say the company is planning to diversify into the property and construction sector with the appointment of chin;
    20.              It is learnt that Carotech’s lenders had two meetings in July 2010 to discuss the company’s proposed debt restructuring scheme and will likely give it the green light. Carotech has been given six months beginning 1 July 2010 to complete the exercise;
    21.              Sources say E&O’s major shareholders are believed to be considering a privatization of the property develop. They are talking to banks to finance the exercise;
    22.              The shareholders Sarawak Plantations are said to be looking to sell down their interest in the state owned company;
    23.              Speculation is rife that Ekuinas, with JV partners could be eyeing a stake in POS. Ekuinas will announce its next investment project by the end of 2010;
    24.              MMM is requesting a three-month time extension from Bursa as it is unable to meet the July 31 2010 deadline for the submission of its audited accounts for the fiscal year ended March 31, 2010;
    25.              Cocoaland was “currently in discussions and negotiations with potential partners to broaden its growth which could involve the issuance of new shares amounting to between 20% and 30% of its share capital. at discount;
    26.              Bina Puri is close to signing a JV agreement with IIB to develop some seven acres of a RM500 million mixed development in Medini, one of the five flagship zones of Iskandar Malaysia. The agreement is expected to be sealed soon;
    27.              CIMB is in the process of negotiation with the relevant authorities on how to get listed in Jakarta;
    28.              Sources say BHIC may soon get a letter of intent for its next batch of patrol vessels, which could be worth up to RM8 billion;
    29.              UEM Group Bhd is keen to bid for the RM43 billion KL MRT project;
    30.              LSE-listed Aseana Properties Ltd, a unit of Ireka Corporation Bhd, may consider returning excess cash to shareholders following the proposed disposal of properties in 1 Mont’ Kiara for RM333 million. Aseana expects to complete the proposed transaction by year-end (2010);
    31.              UEM Group were no plans yet to re-list the company or raise capital but did not rule out the possibility in future.
    32.              DRB-Hicom aims to make its banking unit, Bank Muamalat Malaysia Bhd, one of the top five Islamic banks in the country within the next two years;
    33.              Fitters’ MD Datuk Richard Wong’s had significantly increased his equity interest to over 30% of the company’s paid up capital. It plans to attract institutional investors in the near term;
    34.              Sapura Group is one of the parties interested in acquiring Khazanah Nasional Bhd’s 32% stake in POS. SapRes will of new businesses, expansion of existing businesses and or pare down the group's borrowings;
    35.              A boardroom tussle brewing between Jetson’s chairman and executive director Sheikh Mohd Nasarudin and his brother, vice-chairman andexecutive director Sheikh Mohamad Faliq Sheikh Mohamad Nasimuddin Kamal in one camp, and another faction led by Datuk Teh Kian Ann, Jetson’s managing director;
    36.              Ho Hup hoped to “complete preparation and drafting of its regularisation plan” for submission to the relevant authorities within six months from July 2010;
    37.              Haisan has approximately 11 months (July 2010 – June 2011) to submit its regularisation plan to the relevant authorities for approval;
    38.              BJToto will “very likely” give higher dividend payments in future;
    39.              The EPF said it would sell down its stake in RHB Capital to 40 per cent by the middle of 2011. EPF held a 56 per cent stake in the bank as of March 31 2010;
    40.              MMC, Zelan’s largest shareholder has stated its intention to expand the company’s coal powered independent power plant in Tanjung Bin, Johor. MMC currently holding 39.25% in the Zelan;
    41.              The deadlock in the proposed consolidation of water assets in Selangor may have been broken with all the parties close to agreeing on pricing, and ironing out the issues of operations and maintenance (O&M) … KPS/JAKS/Puncak Niaga/KHSB;
    42.              Sources say IJM Corp is a strong candidate for a portion of the LRT Extension’s main civil works. As such UEM Group also stands a chance. However MRCB could turn out to be a surprise candidate;
    43.              Speculation is rife that the company is close to finalizing its bid for the rm3 billion Westcoast Expressway (WCE), and in driver’s seat is KEURO’s largest shareholder Tan Sri Chan Ah Chye;
    44.              Airasia is going to start rewarding its shareholders by paying dividends;
    45.              Speculating BJTOTO were to declare another bumper dividend;
    46.              Tradewinds (M) Bhd will trim its stake in Padiberas Nasional Bhd (Bernas) to shed some debts;
    47.              Scomi Engineering Bhd is planning to propose a monorail system in Greater KL to support the proposed MRT project under the 10MP. Scomi International is also eyeing a major monorail construction project in Chennai;
    48.              Konsortium Logistik Bhd has expressed its interest  to bid for Khazanah Nasional Bhd's 32.2 per cent stake in Pos Malaysia Bhd;
    49.              Tenaga will bid for a RM7 billion (US$2.1 billion) government project to upgrade power plants as the economic recovery boosts electricity demand;
    50.              Interested parties have received a request from Khazanah to submit their individual profiles for consideration. It is believed the request is to kick start the divestment process for POS;
    51.              Sources say members of the consortium (Redevelopment Of RMAF base) are 1MDB, LTAT and Datuk Desmond Lim of Malton Bhd. It cannot be ascertained if Malton or Lim, through his private company, has a stake in the consortium.
    52.              Dayang and Petra Energy Bhd are seen as the frontrunners for Petroliam Nasional Bhd’s (Petronas) ongoing tender for the maintenance of its offshore platforms across Malaysia;
    53.              Gamuda-MMC JV has been bandied about for the MRT project — Gamuda Bhd and MMC Corporation Bhd. UEM Group Bhd is also keen to bid for the RM43 billion KL MRT project;
    54.              P&O has emerged as a possible acquisition target by the one of the top five general insurance companies;
    55.              MBSB plans to become a full-fledged bank. Currently (April 2010), they are just at the discussion stage and have not submitted anything official as it will require shareholders' approval first;
    56.              The new substantial shareholder at Perisai is a large oil and gas player from Singapore – Ezra. It seems unlikely that would merely maintain Ezra’s 19.9% shareholding without seeking a larger stake in Perisai;
    57.              Sources say the Shapadu group, led by Datuk Shahrani Abdullah, will take control of beleaguered Vastalux if plans to inject some of its assets into the listed company materializes. Petronas had suspended its licence but it was appealing for a reinstatement. Early April 2010, Vastalux was granted a 90 day restraining order, starting April 7, 2010, to negotiate with its creditors;
    58.              TM may consider raising its dividend payout after the current financial year ending Dec 31, 2010 (FY10) as its capital expenditure (capex) for the high-speed broadband (HSBB) project will peak in 2010;
    59.              IOI Corporation Bhd may write back the impairment loss made in the financial year ended June 30, 2009 (FY09) on a joint-venture property project in Singapore towards the end of the current financial year since the value of property has risen in the island state;
    60.              Speculation that SILK may want to spin of fits highway division to get better valuations for its oil and gas business;
    61.              Ingress’s power engineering and projects division is expecting significant progress on the Ipoh-Padang Besar double-tracking project for System Works. New awards are expected to materialize;
    62.              LCL has identified US-based KHS&S as a potential investor to regularise its financial condition. LCL will discuss, deliberate and outline the regularisation plan with the representatives from KHS&S on the details of LCL’s regularisation plan. LCL will make the necessary announcements to Bursa Securities accordingly in due course;
    63.              BJCorp has entered into a MoU with China carmaker BYD Auto Co Ltd to manufacture and market a compact car model, F0, in Malaysia. BJCorp is putting together an application to the government to assemble right-hand-drive cars by its Chinese carmaker partner BYD Auto Co Ltd here in Malaysia;
    64.              Faber declined to confirm nor deny speculation that it may be buying Pantai Holdings Bhd’s Malaysian government concession business. Pantai Holdings Bhd does not rule out selling its concession business "if the price is right"