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Reuters reported that Malaysia’s second-largest lender, Bumiputra-Commerce Holdings Berhad (KLSE: COMMERZ, stock-code 1023), has hired PricewaterhouseCoopers to review the 2005 financial statements of its unit Southern Bank Bhd. It was one of the watch-after “hostile” takeover of Southern Bank Berhad (one of the most profitable and well-managed Chinese-based banks) by CIMB Group whose chief executive […]
... written on May 21 2007The movement in Malaysia’s ringgit currency reflects the country’s economy and its financial system, central bank chief Zeti Akhtar Aziz said on Monday – reported Reuters. The ringgit strengthened on Monday to its highest levels against the dollar in more than nine years – a decisive push through the 3.4 level that had proved a […]
... written on May 21 2007Going by the rate and quantum of super-mega-projects initiated by the current Malaysia Prime Minister, Badawi, one must have a perception that this country is indeed a very very rich kingdom with hundreds or trillion of barrels of reserve oil undersea and millions of hectares of gold-deposits yet to be prospected. You’ve heard the fantasy […]
... written on May 21 2007Are you a successful stock investor, property investor, option trader, future trader or even a successful blogger? Everyone would like to be addressed as a successful person, though the definition of successful is very subjective. Whichever category you belong to, chances are you’ve money, more like paper money (regardless of gain or loss) especially in […]
... written on May 20 2007Inflation is set to skyrocket in Malaysia again, thanks to the poor-governance in tackling the economy within the country. It seems the government doesn’t or pretends not to be aware of the basic 101 of economic administration of a country, let alone a small country such as Malaysia. After the infamous fuel-hike of 30 sen […]
... written on May 20 2007Just what is happening to the Malaysia stock market? One after another listed company is being taken private. First it was the biggest mobile service provider Maxis Communications Berhad (KLSE: MAXIS, stock-code 5051) who made the surprise announcement to take the company private by offering $15.60 per share, 20% “windfall” above the stock closing price […]
... written on May 18 2007When one looks at the stock price of Green Packet Berhad (KLSE: GPACKET, stock-code 0082) since about 3-weeks ago, one cannot help but wonders just what’s wrong with this potential technology company of Malaysia. Considering the stock price has been rising to almost 7-folds since its’ public listing about two years ago on the back […]
... written on May 18 2007This trade is perhaps one of the most satisfying trades I’ve ever experienced so far. Not only I don’t have to worry about the time-value decays but I don’t have to keep my eye too much in monitoring it because it’s one of the rare stock which appreciate over the time. I just love the […]
... written on May 17 2007Decided to lock-in profit and ring the register minutes ago on Google Inc.’s (Nasdaq: GOOG, stock) stock option after a four-days ride on the wave. Remember I said Google has been trading in the tight range of the support and resistance level or between $ 461 and $ 475 per share? You can read it […]
... written on May 17 2007Sarawak Chief Minister Abdul Taib Mahmud is suing Utusan Malaysia (a Malay daily), Malaysiakini (an independent online news portal) and two Parti Keadilan Rakyat (PKR) senior officials in Sarawak for making allegations of corrupt practices against him. The lawsuit against the PKR officials was related to the distribution of leaflets which contained articles from Malaysiakini […]
... written on May 16 2007
