Archive for August, 2007

EPF finalizing steps to let go of RHB to KFH

This is not something new but rather to re-confirm the market’s expectation of the next subsequent steps to be taken by EPF (Employees Provident Fund) after it successfully or forcefully acquired Rashid Hussain Bhd (KLSE: RHB, stock-code 1309) of which its jewel in the form of RHB Bank attracted numerous players, both local and abroad. […]

... written on Aug 16 2007

Stock Markets Knife is falling down, Should You Buy?

Asian stocks tumbled today, Thursday, heading for their biggest daily fall since the attacks on the United States in September 2001, as persistent fears about a global credit squeeze sapped investor appetite for risky assets. The latest scare was set off by worries that Countrywide Financial, the largest U.S. mortgage lender, could face bankruptcy if […]

... written on Aug 16 2007

A Cartel of Accountants – Who will Police them?

The plan and proposal by the Securities Commission (SC) to introduce new rules that will make it mandatory for companies to choose from a select group of accounting firms when they submit rescue plans and initial public offerings (IPOs) would be a positive move to instill confidence lost from the recent accounting irregularities. However the […]

... written on Aug 16 2007

New PROTON Model with Old Design Launched

Sometimes thing will never change for the better if the cancer-cells never removed. Worst still when a national-status company couldn’t recognize the basic flaw in its designing methodology and production. Days before the country’s 50th Independence celebration, Proton Holdings Bhd (KLSE: PROTON, stock-code 5304) today launched the so-called new model, Proton Persona. But somehow I […]

... written on Aug 15 2007

Sensitivity Line is Getting Thinner – Bull beaten again

Stocks which originally were lifted in early trading on government data that indicated that inflation remains in check couldn’t sustain the fears spread across the investors in Wall Street. In mid afternoon trading, the Dow Jones industrial average fell 179.73, or 1.36 percent, to 13,056.80. The Standard & Poor’s 500 index shed 20.13, or 1.39 […]

... written on Aug 14 2007

Worst Accident in history – All Signs point to PutraJaya

Please allow FinanceTwitter to stop blogging about making money investing stocks and option trading for some minutes as a small way to extend our condolences to the families in the “worst ever” road accident in the history of Malaysia in which 20 people were killed while nine others injured.As usual, when such thing happened, you […]

... written on Aug 14 2007

Married-Deal – A Defect in Stock Transaction

What had happened last Friday was indeed an amazing but the Malaysian authorities should put in a better framework to prevent it from happening again. Everyone was wondering what actually happen when the big block of Transmile Group Berhad (KLSE: TRANMIL, stock-code 7000) shares changed hands at RM12.90 each in an off-market married deal, way […]

... written on Aug 14 2007

The right way to tackle current Subprime Crisis

The decision by Asian central banks in refraining from joining U.S. and European counterparts in pumping additional cash into their markets should be lauded and would be the correct measure to tackle the current subprime mortgage crisis in the United States. Central banks in South Korea, the Philippines, Singapore, Indonesia, India, and Malaysia have said […]

... written on Aug 13 2007

Expect more Volatility and Zig-Zag Trading Pattern

The market’s anxiety over shrinking credit remains and will continue to haunt the investors this week, and even if stocks manage gains after weeks of volatility, no one will trust (including FinanceTwitter) that they’ll stick – reported AP. There will be no fresh start on Wall Street Monday when traders and investors get back to […]

... written on Aug 13 2007

More Signs General Election is Nearing

Everyone who at least reads news in one type of media or another, be it internet, newspaper, TV or just radio can tell you the General Election is around the corner. This time it’s almost a sure bet, judging from the 360 degrees turn the way news were presented to the audience (you dude). And […]

... written on Aug 12 2007

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