Archive for February, 2007
Investors continue to dump Asian shares and emerging market bonds on Wednesday as a global sell-off gathered steam after Wall Street stocks shed more than 3 percent overnight. Hong Kong’s Hang Seng Index opening 3.58 percent lower. Japan’s Nikkei average was off by 3.56 percent, Australia’s benchmark S&P/ASX 200 index traded 2.39 percent lower and […]
... written on Feb 28 2007Singapore authority is seriously MAD at Genting Berhad (KLSE: GENTING, stock-code 3182) and is set to teach the junior Lim a painful lesson he’ll never forget for the rest of his life. If today’s statement is any indicator to goes by, Genting’s two affiliates Star Cruise Ltd (SIN : S21) and Genting International (SIN : […]
... written on Feb 27 2007Yesterday I wrote about my concern if the “Factors from 1997 Asia Crisis Re-Appears – A Bad Sign?” is something that we should be concern with. If an U.N. official said so, then we should at least think and digest the subject thoroughly, shouldn’t we? Ignore the political calls and cries asking you as a […]
... written on Feb 27 2007It has been quite some time since I last closed some positions to lock-in profit. While these positions were in profitable zone, somehow the inner voice kept telling me to maximize the profit and wait for a correction. The correction didn’t happen, instead new support level were established. One of such stock is Caterpillar Inc. […]
... written on Feb 27 2007An U.N. official said today from Bangkok that the same factors which led the 1997 Asia Economic Crisis have appears. The factors of inflated asset values, massive global liquidity and speculative pressure on Asian currencies are set to destabilize regional economies. The region had seen a sharp rise in hedge fund activity and credit finance […]
... written on Feb 26 2007Tons of critics were being thrown at Malaysian Prime Minister, Abdullah Badawi, since he took over the baton from Mahathir Mohamad since 2003 over his lack of actions to bring the economic of the country to higher degree. Instead he was labeled as the premier who did the opposite – increases inflation with higher fuel […]
... written on Feb 26 2007When Malaysian second largest banking group Bumiputra-Commerce Holdings Berhad (KLSE: COMMERZ, stock-code 1023) announced the suspension of its’ stock on the Kuala Lumpur Stock Exchange early today, Feb-22-2007, it raised everyone’s eyebrow. There were suspicious which is very unlikely to happen pending the announcement – that Bumiputra-Commerce was announcing another acquisition. And it would be […]
... written on Feb 22 2007From the moment Malaysian Government released some feel-good economic figures to public (from record breaking billions in stock-market volume to trillions of ringgit in so-called trade value), there were numerous doubtful opinions circling around the internet on the actual reason for such releases and all of them pointed to a single conclusion – the snap-election […]
... written on Feb 21 2007Last Thursday, Mesdaq-listed NasionCom Holdings Berhad (KLSE: NSCOM, stock-code 0073) was publicly reprimanded by the Malaysia SC (Securities Commission) for submitting inflated revenue figure in its fiscal 2005 financial statements, and was told to re-issue the accounts within a month. NasionCom has told Bursa Malaysia that it will appeal against SC’s decision. Deloitte KassimChan was […]
... written on Feb 19 2007Malaysia Stock Exchange records another impressive 10-year high-volume today, Feb-15-2007 after yesterday’s Valentine celebration. The continuous bull in U.S. stock market and the comment by Ben Bernanke definitely has helps the situation. Somehow I noticed penny stocks better known as second and third liners began to show some promising movement since Feb-14-2007. Though it’s too […]
... written on Feb 15 2007
