Bought KELADI

I bought keladi maju 0.15 today. Balance sheet is strong and net profit also improving. This company selling below its NTA and book value price, sitting on net cash and paying a good dividend.

SCOMI MARINE AND MAHSING

I bought Scomi Marine 0.38 last monday and mah sing 1.77 yesterday.
Both companies fundamentaly strong and very confortable to invest in. Since i have no time to monitor market daiy, i think it is a safe bet as i dont need to monitor them everyday. Praying hard now!

Understanding capital terms

Saturday November 7, 2009

By FINTAN NG

There is always an element of risk where investing is concerned. It is just a matter of whether people take the time to read the fine print and understand the risks they are exposed to when they invest.

Most investors in financial products would have come across the terms “capital guaranteed fund” and “capital protected fund”, but whether they understand these terms well is another matter, even if these terms are explained in the prospectus.

Basically, a capital guaranteed fund is a fund where the investor’s principal is fully protected. The fund usually invests most of the money in low-risk instruments such as government bonds, with only a small amount in riskier assets. Consequently, the returns are lower.

In a capital protected fund, the protection may involve a variety of instruments, the performance of which will determine whether investors retain, lose some or all of the principal amount invested.

In many instances, capital protected products have been sold to investors, with the impression – perhaps unintentionally – that they will not lose the principal sum at maturity.

However, the fine print will inform the investor on how the banks or other financial institutions intend to protect the sum invested. In the years before the global financial crisis, this usually involve securities known as options, swaps or collateralised debt obligations (CDOs).

Unfortunately, many investors, including seasoned ones, do not understand the risks involved when such assets are used to securitise their investments.

There are those who cannot even differentiate between capital guaranteed and capital protected.

We now know that CDOs, especially those with asset-backed securities linked to subprime mortgages, were among the chief culprits in the collapse of the US financial system.

The stark reminder of what can happen when people invest their money with only half an understanding of the risks involved, hit closer to home when the financial crisis peaked more than a year ago with the bankruptcy of Lehman Brothers Holdings Inc, which also saw the near collapse of insurer American International Group Inc.

Among those affected were investors in Hong Kong and Singapore, who invested in the Lehman minibonds, which were first issued in 2002. Investors of Singapore-based DBS Group Holdings Ltd’s “high notes” as well as Merrill Lynch & Co’s “jubilee notes” were also affected.

These people invested in what is known as structured deposits or structured notes, which were capital protected not capital guaranteed.

Anecdotal evidence gleaned from news reports from last year show that often these investors do not understand what they were investing in or have been misled into believing that they had invested in risk-free products.

Most of them, whose demonstrations outside the banks were captured on television, saw a significant part of their life’s savings evaporate in the wake of the financial crisis.

One consequence of the massive losses incurred by investors last year was the banning of the term “capital protected” by the Monetary Authority of Singapore (MAS).

In a statement in early September, MAS said the ban on the term would apply to mass-market products familiar to retail investors, including structured notes, unit trusts and investment-linked life insurance policies.

According to Singapore’s Straits Times, financial institutions in Singapore now have to provide customers with simple, user-friendly ‘product highlights sheets’ and providing ‘health warnings’ on complex investments in appropriately large font.

There are those who will also post the question of how sound the financial institution providing the guarantee for capital guaranteed products are, especially since the financial services industry have seen so many banks get in trouble or go bust between July 2007 (when the subprime crisis began) and now.

One way to find out is to look at the credit rating and balance sheet of these guarantors, which are usually public information.

Otherwise, information on the guarantors are also available on the prospectus of the fund.

A website on investment education had this to say about capital guaranteed funds: “When we invest with little or no risk, we pay for it by compromising on potential returns.”

Pelikan..sigh

Just diposed Pelikan 1.47. Damn right issue. Not that i'm surprised looking at current cash flow. Time to move to the next counter, scomi marine. Bought 0.59.

Happy Deepavali

Crude rallies again

Published: Saturday October 17, 2009 MYT 9:19:00 AM

NEW YORK (AP): Oil prices finished above $78 per barrel for the first time in a year, marking the largest weekly percentage increase in the cost of crude since the height of the U.S. summer driving season.

Benchmark crude added 95 cents to settle at $78.53 a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery climbed 76 cents to settle at $76.99 on the ICE Futures exchange.

An Energy Department report sent a ripple through the markets midweek when it revealed a huge and unexpected drawdown in gasoline supplies. Energy prices surged Friday, even though the country continues to sit on an enormous supply of petroleum.

"I think this rally is based more on hope than reality," said Michael Lynch, president of Strategic Energy & Economic Research. "There's so much oil out there that people are going to start using it for their pancakes."

Gasoline futures rose as well as the run-up over the past seven days on Nymex began to spill over into the retail market and push pump prices higher.

Demand for gasoline edged higher, more than 5 percent in the last month, but there are enormous supplies, too. The amount of gasoline in storage is still well above average for this time of year.

All one needs to do is look at oil refiners to see where the industry stands. U.S. refiners are shutting down facilities and production has thinned to levels that are usually seen only after a hurricane tears up the Gulf Coast energy complex.

Americans, as a whole, are not traveling like they used to, either because of a lost job or concern over losing one. Demand for jet fuel is down 3.5 percent over the past four weeks, according to the Energy Information Administration.

The rise in energy prices is all about the dollar, which hit a 14-month low on Thursday. Crude is bought and sold in the dollar, so it gets cheap for investors when the U.S. currency falls.

Oil prices jumped more than 9 percent during the past week as the dollar floundered. The last time crude futures rose so fast was the week of Aug. 24, when tourists crammed the highways during what's typically the busiest travel period of the year.

In other Nymex trading, heating oil added 1.16 cents to settle at $2.0297 a gallon, while gasoline for November delivery added 3.44 cents to settle at $1.9793 a gallon. Natural gas for November delivery rose 29.9 cents to settle at $4.781 per 1,000 cubic feet.

Proton

I just booked Proton's Persona SE last friday using my friend staff price scheme. can't wait. ;)

Hmm...

Bought back SAAG 0.205..woaa ~

Sigh

Disposed / Cut loss SAAG at 0.235...sigh. Btw, so busy lately...sigh again!

Bought SAAG 0.25

I bought SAAG 0.25. Praying hard now. amen
Sold TM-CI @ 0.11. No comment

Raya ... cant wait!

No mood to work today or maybe the whole week. All i think about is raya holiday.................

Sigh but Happy

Stock performance not so good, long term is the only option then..sigh, but had a nice dinner with my boss. So happy. ^_^

Update

I'm thinking to dispose my biggest holding, tgoffswa and swap to leader and affin bank next week. Not that im running out of cash, but saving for rainy day. havent decide yet but im considering this option ... if got volume la.

Tgoffswa +35.53%

Sealink +4.00%

Leader -3.87%

TM-CI +4.55%

Pelikan +33.91%

WTK -3.33%

Weekly Review

This week is worst week of the year. Not only my share performance not so good, but my relationship wih my love one also over.......... :( so sad..................... :(

update* everything doing well..back to normal..so happy. ok talk about market..sigh shanghai tak near 7%. i do not like their easy credit market..plus the stockpiling activity last few month has created a bubble in their economy. On the bright sight, i could you this issue for my negotation for next month. :) However, my stocks sure going to kaput tomorrow..aiya.!

Selamat Hari Kebangsaan Ke 52

Happy National Day ke 52. ~

Weekly Review and Salam Ramadhan

Sigh..what a lousy week..my performance was so not good.

tgoffswa 1.07 +49.79%

sealink 0.775 +3.33%

leader 0.76 -1.94%

pelikan 1.51 +31.3%

tm-ci 0.115 +4.55%

wtk 1.18 -1.67%

Salam Ramadhan..ah..luv bazaar ramadhan ~

Bye2 MNRB Hello to Leader

I have swapped my money in MNRB 3.20 for a peanut gain into Leader at 0.775 since i cannot afford to hold coma stock too long. :p Overall, leader is a good company ( based on leno's research)

Weekly Review

This week another average week to me. Hope next week, will turn out better than this week. Anyway, here's my portfolio performance.

1. Tgoffs-wa 1.09 (+43.42%)...w-o-w +3.81%

2. Mnrb 3.30 (+6.06%)...w-o-w =0.00%

3. WTK 1.26 (+5.00%)...w-o-w -3.07%

4. Pelikan 1.64 (+42.61%)..w-o-w -3.53%

Trading portfolio

1. Sealink 0.80 (+6.66%)...w-o-w +3.23%

2. TM-CI 0.125 (+13.64%)...w-o-w +8.70%

Mmm..TM-CI finally moving. Chart also looks attractve to me. thinking to add more position..is it wise to add more..not sure.

Portfolio review and...2

Just for update since a new bull is coming, would like to see which one is going to be the laggard for next few weeks.

So far,

Investment portfolio

1. Tgoffs-wa 1.05 (+38.16%)

2. Mnrb 3.30 (+6.06%)

3. WTK 1.30 (+8.30%)

4. Pelikan 1.72 (+49.57%)

Trading portfolio

1. Sealink 0.775 (+3.33%)

2. TM-CI 0.115 (+4.35%)

Off topic..my boss rrr. ..

Tanjung Offshore News

Eye on Stock

By K.M.LEE

TANJUNG Offshore Bhd rebounded from the recent lows of RM1.21 on July 9 to a peak of RM1.45 on July 16 on renewed bargain-hunting interest before turning sideways on consolidation, lasting three weeks.

Thereafter, this oil and gas-related counter charged out of the upper horizontal line of the existing rectangular box in the wake of fresh buying momentum, which witnessed prices hitting a 1½-month high of RM1.51 during intra-day session yesterday before retreating owing to an apparent profit-taking activity to close at RM1.43, down three sen.

Based on the daily bar chart, another good day early next week would reaffirmed the breakout call and thereafter, it should open the doors for more advances.

As for the indicators, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise. It triggered a short-term buy near the mid-range on Thursday.

Mirroring the uptrend, the 14-day relative strength index improved significantly from a reading of 49 on Monday to the 73 points level yesterday.

Also, the daily moving average convergence/divergence histogram resumed the upward expansion against the daily trigger line to stay bullish.

Technically, the promising reading suggests Tanjung Offshore may scale greater heights going forward. If prices can penetrate the initial resistance barrier of RM1.55, a re-test of RM1.72 level or the RM2 mark can be expected in the medium term.

Solid support is pegged at the RM1.33 mark. – By K.M. Lee

Bought TM-CI

Bought TM-CI 0.11 today. this is pure trading warrant. The mother share ia solid FBM30 counter. Somemore the maturity date is still far away (for CW) Sep 2010.

Ytlpwr-Wb ごめんね Sealink に好きになってしまった

Today i've made a decision to dispose my beloved ytlpwr-wb 0.96 and sapued sealink 0.75. There's a huge recovery in oil prices despite the hoohaa hoohaa in financial market. I hope i've made a wise decision. The mother share already reached its fair value and currently in coma state. Hope it will continue its coma state so that i can buy them again. ^

http://zlbursatheme.blogspot.com/2009/04/sealink-international-rising-with-tides.html

Portfolio review and...

I have a rather average performance, 'thanks' to my coma type of stocks. Had a discussion with IDM and the gangs in ZL Bursa Theme few days ago, yea i need one active ctr in my portfolio. Hmmm.. But, RY need to be more grateful..at least i'm sitting on paper profit. Below my portfolio based on market value. how much..im a penut only.

1) Tanjung Offshore-Wa 1.03 +35.53%

2) YTL Power-Wb 0.96 +14.29%

3) MNRB 3.26 +5.16%

4) WTK 1.29 +7.50%

5) Pelikan 1.49 +29.57%

Anyway, something interesting happenned today. Got a job offer during meeting with business partner. Luckily my boss dont understand japanese..fuh. Still ..my boss..ah ~he's the best.

MNRB

Type	:	Announcement
Subject	:	MNRB HOLDINGS BERHAD Variance between Unaudited Interim Financial Report and Audited Financial Statements for the Financial Year Ended 31 March 2009.
Contents	:	Pursuant to paragraph 9.19(34) of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of MNRB Holdings Berhad (“MNRB”) wishes to announce that the Company had recorded a positive variance of 15.9% in its consolidated net profit between the unaudited results announced to Bursa Securities on 27 May 2009 and its Audited Financial Statements for the financial year ended 31 March 2009 released to Bursa Securities on 30 July 2009. The net profit reported in the unaudited Interim Financial Report as at 31 March 2009 was RM22.7 million whereas the Audited Financial Statements reported a net profit of RM26.3 million.
Announcement Details : The reconciliation for the positive variance of 15.9% or RM3.6 million is as per Table A below:- TABLE A RECONCILIATION OF VARIANCE OF NET PROFIT BETWEEN UNAUDITED RESULTS AND THE AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2009 Audited Financial Statements Unaudited Interim Financial Report Variance on Audited results from Unaudited RM’000 RM’000 RM’000 (%) Note Profit before zakat and tax 40,457 35,396 5,061 14.3% (i) Zakat (120) (119) (1) 0.8% (ii) Tax expense (14,049) (12,590) (1,459) 11.6% (ii) Net profit 26,288 22,687 3,601 15.9% Note: (i) The increase in profit before zakat and tax was mainly due to adjustment for overprovision in management expenses by the Company and its subsidiaries (ii) The increase in zakat and tax expense was primarily as a result of the above adjustment (The above explanatory note was accidentally omitted in our earlier announcement.) This announcement is dated 30 July 2009.

Corporate profits to improve, says RAM

A RENEWED sense of political stability and the liberalised investment environment under Prime Minister Datuk Seri Najib Tun Razak's administration are expected to help improve corporate profits, according to Rating Agency Malaysia (RAM).

The rating agency, in its "Economic Outlook Review and Update", said recent liberalisation policies such as the removal of restrictions on foreign ownership in selected services sub-sectors and the award of additional Islamic banking licences are likely to boost investments as business sentiment and corporate profits improve.

At the beginning of the year, RAM's initial gross domestic product (GDP) growth forecast for Malaysia of 0.8 per cent to 2.1 per cent, with a base-case of 0.9 per cent, had been premised on a flat to marginally negative global growth.

With the synchronised and sharper-than expected downturn in most developed economies, a contraction in global output is now inevitable in 2009, RAM said.

"Since our GDP forecasts released in February, there have been marked downward revisions in the growth expectations of Malaysia's trading partners. In this context, we revisit the risk of a deeper export shock and its second-order impact on domestic demand in Malaysia," it said.

With the sharper-than-anticipated decline in both external and domestic demand, RAM has revised its 2009 GDP forecast for Malaysia to -3.3 per cent from its mean forecast of 0.9 per cent.

On the other hand, RAM said it has raised the nation's 2010 GDP growth projection from 3.8 per cent to 4.9 per cent as the global recession eases and benefits from aggressive monetary and fiscal stimulus measures filter.

A key consideration in RAM's revised forecast is the identification of the turning point and magnitude of the recovery in external demand.

RAM said the collapse in domestic demand in first quarter 2009 had shown closer-than-expected linkage with the export-oriented sector, through the labour market and private investment.

"A unique feature of the current global recession is its highly synchronised nature, and the fact that such downturns tend to be more pronounced while recoveries usually take longer due to the magnitude of the financial crisis and associated housing and stock-market bubbles," it said.

According to RAM, countries hit by a financial crisis are often led out of recession by exports.

Examples include Malaysia during the Asian financial crisis in 1998, and Japan after its financial crisis in the 1990s, it said.

In the present circumstances, the lack of export demand in crisis-hit countries, mainly comprising advanced economies, to push growth implies that Malaysia's recovery in 2009 and 2010 will likely be modest, the rating agency said.

Similarly, economic growth in export-driven countries is also envisaged to remain weak over the same period, it said.

With only tepid recovery now the most likely outcome for advanced economies, Malaysia's export performance in 2009 has been revised downwards to -17.4 per cent (from -5.0 per cent), before a moderate 6.4 per cent recovery in 2010. - BERNAMA

Off Topic - I Love My Boss

Sounds weird but its true...or maybe i just love my job. so confusing.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

MNRB Holdings Berhad

I bought MNRB at 3.10 today. Q below tak dapat, but i believe this company is worth holding. Currently trading below NTA value, somemore always paying to its shareholders a good dividend.Net profit also improving qoq. Have to admit im still new with insurance industry but im expecting a good return for this stock. The only thing i dislike about this counter is due to its coma state or low volume. other than that, 完璧!

Looks whats grahamsun opinion about this ctr.

grahamsmun Associate Offline Posts: 1,269

Re: YSPsah « Reply #45 on: May 11, 2009, 09:24:25 AM » Quote Not very familiar with this reinsurance industry ! MNRB use to be a blue chip of the insurance company in Msia (only 2 reinsurance co in msia). Still registering losses but the compamy balance sheet quite solvent.NTA Rm 3.9 still a discount to share price Rm 3.10.Insurance industry affected by poor investment return.Going fwd the underwritting margin had improve due to risk adverse !Investment in securities & bond will also improve.The drawback is the safe money like deposits giving low return. Medium term I am positive with MNRB.