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Many happy faces but Dow is still below 12,000 level

There were many happy faces who long the stocks especially in the last hours of trading when all the major indexes had gains of almost 3 percent. Dow Jones alone shot up more than 330 points. In a widely expected rate decision, the central bank reported that "economic activity expanded in the second [...]

MMC overpaying SATS, Albukhary sucking money out

On paper the proposal to inject Senai Airport Terminal Services Sdn Bhd (SATS) into MMC Corp Berhad looks yummy. Besides container haulage company JP Logistics Sdn Bhd, the MMC Group’s two main ports - Port of Tanjung Pelepas (in southwest Johor) and Johor Port (in Pasir Gudang) could provide the [...]

U.S. auto sales tumbled, Proton to develop hybrid car?

One of the biggest items on the table for next week is definitely the FOMC meeting and its policy announcement slated for Aug 5th at 2:15 ET. The Bernanke boys are expected to do nothing and let the rate unchanged at 2.00 percent. There’re hundreds of companies that would be releasing their earnin [...]

Twilight Zone is zapping people and money away

One of the reasons that have gotten foreign investors flabbergasted yet amusing at the same time was how the Malaysian government enjoys playing the game of “Now you see it; now you don’t”. Get real, the ruling government basically has no time to manage the country’s economy with the naughty [...]

Maybank’s losses before it can even make a penny

I was having lunch appointment with my fellow friends from Singapore the other day and the conversation somehow found its way to the topic of politics and economy. While Malaysia celebrated its’ highest annual inflation rate (7.7 percent) in 27-year last month thanks to the government’s fuel hik [...]

Perdana V6, Mercedes Benz, Camry or Accord?

The latest fiasco about the Proton Perdana versus Mercedes Benz was really the much awaited dessert after the heavy meal of Anwar’s sodomy conspiracy. Already people are getting sick and tired of the sodomy case and without Anwar’s DNA, the part-2 of the supposedly Indiana Jones thriller will no [...]

Nuclear Plant – Tenaga’s new Toy worth RM10 billion?

Tokyo Stock Exchange suspended its stock index futures and options trading from 9:21 am to 1:45 pm after hit by computer system glitch, thanks to programming mistake by Fujitsu. Tokyo Stock Exchange’s managing director Yoshinori Suzuki immediately told reporters that the trading house is consideri [...]

Gamuda and IJM Corp on their way to Merge soon?

Gamuda Berhad’s (KLSE: GAMUDA, stock-code 5398) was as good as dead the moment it’s Managing Director Lin Yun Ling threw in the towel and cashed-out from the company he co-founded. Of course the stock would not die the same way as junk stock PECD Berhad (KLSE: PECD, stock-code 5093) but the impa [...]

Stop beating around the bush and Call a Spade a Spade

There’re many ways to skin a cat and in the case of ambitious Anwar Ibrahim, the de-facto opposition leader whose chance of becoming the next Prime Minister is now or never, his marketing plan to topple the ruling government of half a century was inviting troubles. The ruling government might be o [...]

Local stocks are temporary Game Over, eyes on GOOG

Just before the election early this year lots of beautiful numbers were being trumpeted to the investors about how rosy the economy was, never mind how serious was the U.S. subprime crisis back then. The incredible Malaysia was immune from almost all other external factors, so went the marketing tal [...]


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