IPO
Cash-rich China has been on a shopping spree snapping American assets. They had taken over at least 10 American iconic brands including Motorola, Waldorf Astoria, GE Appliances, Smithfield Foods and AMC Theatres. And they were about to add a 135-year-old Chicago Stock Exchange to their shopping cart – until they’re being stopped now. The […]
... written on Sep 29 2017Oil price is now at its lowest for the year 2017. The more than 5% plunge on Wednesday was the final nail in the coffin for speculators. There were high volume of trading, suggesting the speculators holding to their bullish positions were selling all out. According to John Kilduff, founding partner at energy hedge fund […]
... written on Mar 10 2017Will crude oil prices rise above US$60 a barrel this year? It’s not too much to ask considering the black gold once traded around US$120 a barrel in 2014. Before we could even think of US$60 price tag, the Brent has to breach US$58 first. So far, it hasn’t been able to do so. Analysts […]
... written on Mar 06 2017Malaysia is the first stop in a rare month-long tour of Asia by Saudi King Salman. The visit includes Indonesia, Brunei, Japan, China, Maldives and Jordan. The visit by King Salman is particularly important to Malaysian Prime Minister Najib Razak who is preparing to call for a snap national general election, rumoured to be this […]
... written on Feb 28 2017Sabah and Sarawak have been Barisan Nasional (BN) “fixed deposit” since independence in 1957, and it will remain so for the next 50-years, unfortunately. That’s a reality, not because Sabahans and Sarawakians were dumb but because majority of them were dirt poor. And they were freaking poor primarily because they were systematically denied their basic […]
... written on Jun 22 2015For a moment, we thought Alibaba could breached the US$100 a share and sent everyone on the trading floor jaw-dropping. But the stock hit its highest at US$99.70, just 30 cents of reaching the 100 bucks mark. On the first day of its listing on NYSE, Jack Ma’s baby was trading between the range of […]
... written on Sep 21 2014There’re basically three important things that happen on Friday, September 19, 2014. First, the Scottish decision whether they would get their independence after 300-years with England and other cousins making up the United Kingdom. And the results after the voting – 55% Nay and 45% Aye for an independent Scotland. So, for at least a […]
... written on Sep 20 2014China has a new super rich man – Jack Ma – the 49-year-old founder and chairman of Alibaba Group Holding Ltd. Based on Bloomberg latest compilation, Jack has a net worth of a staggering $21.8 billion (£13 billion; RM68.6 billion), making him the richest man in China instantly, dwarfing his nearest competitor, Pony Ma HuaTeng, who […]
... written on Aug 28 2014Unlike the era of the 1990s, thanks largely to 1993’s Super Bull Run, you can’t expect to make easy money at IPOs tables nowadays. During the good old days, making 100% profits via IPO was a normal story. Heck, you would probably get laughed at for trumpeting 100% profits. Even if you were very “Sui” […]
... written on Jun 12 2012The story of Facebook was full of controversies – from the moment the company’s birth to its IPO last Friday. Mark Zuckerberg, then 19-year-old, was accused of stealing Facebook’s idea, the source code and the business plan for Facebook in 2003 from Harvard seniors, Cameron and Tyler Winklevoss. And now the company which was supposed […]
... written on May 24 2012
