Investing & Trading
Singaporeans would be “prudent” to let foreigners do the gambling at the casinos in the two new integrated resorts (IRs) as such a move will be a “sure-win” situation, as taxes levied on gambling would boost government coffers, Prime Minister Lee Hsien Loong said yesterday at the National Day Rally. Yeah, maybe PM Lee should […]
... written on Aug 31 2010The way U.S. big boys are managing (or rather firefighting) the economy is pretty amusing though. President Obama is clueless on how to drive the country out of recession while the CEOs are finding scapegoat blaming Obama squarely for the weak economy and Bernanke is literally saying “Don’t worry, we have some tools or options […]
... written on Aug 28 2010Dr. Colin Lee Soon Soo, the founder and managing director of TMC Life Sciences Bhd (KLSE: TMCLIFE, stock-code 0101) has sold all his 120.4 million shares (at RM0.52 a share) in TMC to Singapore billionaire Peter Lim Eng Hock. Interestingly Dr. Colin’s brother, Lee Soon Swee, has also disposed his 29.2 million shares to the […]
... written on Aug 22 2010McDonald’s Smoothie Chicken-Out – The popular fast-food franchiser that sells billions and billions of burgers made a sudden and silly decision in cancelling this week’s free fruit smoothie promotion. Reason given – McDonald Corp. (NYSE: MCD, stock) was worried that it would run out of the fruit drinks (how silly could that be). The fast-food […]
... written on Jul 24 2010Parkway War – Malaysia’s government investment arm, Khazanah Nasional Berhad, is fuming mad because India’s Fortis Healthcare Ltd (owned by billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh) has offered S$3.80 a share for Singapore’s Parkway Holdings Ltd, 2 cents higher than Malaysia’s S$3.78 a share offer. The Indian company already owns 25.3% in […]
... written on Jul 20 2010DIGI.com’s iPhone is finally here and Maxis is running mad, sort of. As expected DIGI.com has started the price war – again. However the packages offered by DIGI.com Berhad (DIGI : stock-code 6947), another Malaysian mobile-phone company conrolled by Norway’s Telenor ASA (OSL: TEL) which has just signed a three-year agreement to sell Apple Inc.’s […]
... written on Apr 01 2010Dow Jones is skyrocketing as we speak now, something which is expected as today is the first trading day in the New Year 2010 after the stock market closed last Friday for the celebration. Weakening dollar help push the stocks as well as commodities higher especially the black oil which has risen above $80 a […]
... written on Jan 04 2010Much has been written about how unfair it was in the Maxis relisting IPO shares allocation. To recap the horror story, existing Maxis shareholders (that’s Ananda Krishnan and his geng) agreed to give up 30% of their share for the purpose of the IPO of which a whopping 27.67% was to be allocated to institutional […]
... written on Nov 12 2009Recession may be over, at least for now, but the same cannot be said about U.S. unemployment market. The jobless rate surprisingly surpassed analysts’ estimate (of 9.9%) to a staggering 10.2% in Oct, higher than Sep’s 9.8% jobless rate. Strangely enough the stock markets, both Dow Jones and Nasdaq, didn’t take much cue from the […]
... written on Nov 09 2009Earnings season is here again and all eye-balls are watching for indicators that U.S. economy is indeed on its way to recovery. Even if the recovery is not in full-scale at least it would provide some consolation if companies’ earnings could show momentums. At the moment the important 10,000-level is what everyone is hoping to […]
... written on Oct 14 2009
