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Malaysian stock exchange operator Bursa Malaysia will reintroduce regulated short selling on Jan-3-2007 after a gap of nearly a decade. Short-sellers borrow shares and sell them in the hope of buying them back later at a lower price. Not all the stocks listed in the Kuala Lumpur Stock Exchange (KLSE) will be eligible for short-selling. […]
... written on Dec 22 2006After the Dot-Com burst, the serious burnt investors who’re still licking their wounds sweared never to touch technology stock again while the not-so-greedy investors who managed to sell to lock-in profit or even break-even took pride in themselves for being smart or lucky enough. But since then is technology still a growth sector? Based on […]
... written on Dec 22 2006The Malaysian ringgit hit its highest level against the dollar in nearly nine years today, Friday 22-Dec-2006, helped by this week’s turmoil in Thai markets that has led some investors to switch funds to other Asian countries, according to dealers in Singapore. According to Reuters data, the ringgit (MYR) rose as far as 3.5280 per […]
... written on Dec 22 2006With a lot of giggling of their own, Good Morning America host Diane Sawyer and her colleagues unveiled the newest model in Mattel’s (NYSE : MAT, quote) long-running Elmo franchise. The new T.M.X. Elmo laughs, slaps its knee, and rolls around on the floor before righting itself. “Again,” it says. Already dozens of the new […]
... written on Dec 21 2006Berjaya Corporation Berhad, formerly known as Berjaya Group Berhad (KLSE : BJCORP, stock-code 3395) together with its Irredeemable Convertible Loan Stocks, ICULS (2005/2015) BJCORP-LC (stock-code 3395LC) triggered FinanceTwitter and MACD “Buy” signal today. Berjaya-Corp closing price is the highest since almost a year ago with very high-volume. Stochastic just crossed and RSI moved into the […]
... written on Dec 21 2006TYCOON Tan Sri Quek Leng Chan, owner of the Hong Leong Group, may emerge as a substantial shareholder of oil rig builder Kencana Petroleum Bhd (KLSE : KENCANA : stock-code 5122), sources said. According to Business Times, Quek may buy between 12 and 15 per cent of the company’s shares from existing shareholders. Kencana is […]
... written on Dec 21 2006Can you tell me which company will pay an average $622,000 per employee in compensation (bonus) per year? This is what you’re looking for after spending years in school, high school, college or university just to get that piece of paper right? So, besides choosing the right major, you better be wise in selecting which […]
... written on Dec 20 2006It’s as expected that the Thailand military appointed government has no other choice but to reverse their earlier decision to impose restrictions on foreign investments to curb speculation on the country’s baht currency. The problem here is the inability of the new government to understand the Basic-101 of economic management – by imposing such a […]
... written on Dec 20 2006Bernama today clarified that Malaysia Prime Minister Datuk Seri Abdullah Ahmad Badawi has denied buying a RM30 million boat as reported by a newspaper in Turkey recently. “The report is inaccurate. It is a lie. I don’t know where it got such facts,” he told reporters here when asked to comment on a newspaper report […]
... written on Dec 20 2006Maxis Communications Bhd (KLSE : MAXIS, stock-code 5051) has made a bid for a controlling stake in India’s Hutchison Essar (http://www.hutch.co.in/), the fourth largest mobile operator, in an effort to further stamp its presence in the Indian market, according to press reports from India. Maxis’ bid is the second made by the Malaysian company after […]
... written on Dec 19 2006
