Archive for June, 2007
How much does it costs Malaysian Stock Exchange from the recent sudden privatization of which quality companies were taken out from the listing? A whopping RM 46.3 billion has been wiped out from Bursa Malaysia’s market value in the first half of the year from the 17 firms who opted to call it quit. The […]
... written on Jun 20 2007Now that the book-cooking is over (or has it?) for Malaysian air cargo carrier Transmile Group Berhad (KLSE: TRANMIL, stock-code 7000) with angry investors voicing their frustration over what seems to be obvious cover-up by the company’s top management, not to mention the role of external auditors who amazingly could not scrutinizing the accounting numbers […]
... written on Jun 19 2007The questions from USA Network’s Burn Notice are pretty challenging to me especially when I’m making a small living investing stocks and trading options first and blogging second. What would I do if I’m stranded in an unknown city with no money or resources? I think stranded in an unknown city is always better that […]
... written on Jun 19 2007Almost forgotten to blog about the position which I closed last Friday, June-15th, on NVIDIA Corporation (Nasdaq: NVDA, stock) which I entered back in Feb 13th, 2007, just before the earning announcement. This is probably one of my longest trades so far, spanning four months since the date I decided to make a June 32.5 […]
... written on Jun 18 2007The final words are out – Malaysian air cargo carrier Transmile Group Berhad (KLSE: TRANMIL, stock-code 7000) said today the company recorded pre-tax losses for fiscal years 2005 and 2006 instead of profits as previously announced.The audit showed Transmile posted a pre-tax loss of 172 million ringgit ($49.78 million) instead of profit of 207 million […]
... written on Jun 18 2007Regular readers of this blog should have notice some minor changes to the design (or rather repositioning) particularly the header and the logo (if you can call it logo at the first place) which I made yesterday. The minor facelift is to improve and simplify the header in order not to clutter it. I realized […]
... written on Jun 17 2007This is what the Malaysia premier Abdullah Badawi envisages for 2057 – to see the nation achieve the unimaginable. He further added “But the more I think about 50 years of Merdeka, the more I start dreaming about what might be in another 50 years.” Abdullah said if Vision 2020 was about the foundation of […]
... written on Jun 15 2007Just a day after it bought the shares at a massive discount, Multi-Purpose Holdings Bhd (KLSE: MPHB, stock-code 3859) has sold a big block of shares in rubber glove maker Latexx Partners Bhd (KLSE: LATEXX, stock-code 7064). The block involved comprises 32.3 per cent stake at a slightly higher price of RM21.68 million, giving it […]
... written on Jun 15 2007The stings must have been too painful, so much so that the Malaysian government finally has to raise the bar for bumiputra contractors to be placed in the various classes following public outcry over shoddy workmanship and leakages in public buildings. Entrepreneur and Cooperative Development Minister Datuk Seri Mohamed Khaled Nordin said the Government had […]
... written on Jun 15 2007China’s Premier Wen Jiabao said monetary policy needs a “moderate tightening” to prevent the economy from overheating, Bloomberg said today. However he didn’t say when the country will do so. The People’s Bank of China has raised interest rates twice this year and ordered commercial lenders five times to set aside more money as reserves. […]
... written on Jun 14 2007
