More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June.
It was the third straight monthly increase for the New York-based Conference Board's index of leading economic indicators, and another sign pointing toward the recession ending later this year.
The index rose 0.7 percent last month. Wall Street analysts polled by Thomson Reuters expected a gain of 0.4 percent. May's reading was revised up to a gain of 1.3 percent from 1.2 percent, while April was scaled back to 1 percent growth from 1.1 percent.
The group also said activity in the six-month period through June rose 2 percent, with an annual growth rate of 4.1 percent. That's the strongest rate since the first quarter of 2006.
The index is meant to project economic activity in the next three to six months.
If these conditions continue, "expect a slow recovery this autumn," said Conference Board economist Ken Goldstein.
The Conference Board's leading indicators index bottomed in March after peaking in July 2007. The decline accelerated last fall after investment bank Lehman Brothers collapsed and credit markets froze.
"We're now getting data which points to stabilization," said Josh Shapiro, chief U.S. economist at research firm MFR Inc. "The overall signal they're sending is the slide in economic activity is poised to end. The jury is still very much out in terms of what happens after that."
Many analysts expect modest economic growth in the fourth quarter after the gross domestic product posted the worst six-month performance in about 50 years at the end of 2008 and beginning of this year.
Stocks rose modestly on Wall Street. The Dow Jones industrial average added about 40 points in midday trading, and broader indices also edged up.
Seven of the Conference Board index's 10 indicators rose in June, including building permits, stock prices, manufacturers' new orders for consumer goods and positive readings on jobs. Consumer expectations, manufacturers' orders for capital goods and the real money supply weighed down the forecast.
The biggest gainer was the "interest rate spread." That's the difference between yields on 10-year Treasurys and the federal funds rate, at which banks lend to one another, which is at a record low near zero. A big difference between the two is viewed as positive because investors are willing to lend for longer periods.
A government report last week showed construction of new U.S. homes in June rose to the highest level in seven months. That was the "most positive housing report in ages," said IHS Global Insight economist Patrick Newport.
The slump in housing led the country into the longest recession since World War II. The downturn has pushed the unemployment rate to a 26-year high of 9.5 percent. The Federal Reserve expects joblessness to surpass 10 percent this year and to stay above healthy levels for years.
Mass layoffs continue across many sectors, but the pace and depth of job cuts have slowed.
Tuesday, July 21, 2009
Monday, July 20, 2009
Latest update: Bravo Public Bank and Bursa! Bravo
MALAYSIA'S third-largest lender Public Bank reported today a net profit of RM619.939 million (US$174 million) for the second quarter, up 2.1 per cent and said it expects performance for the rest of the year to remain satisfactory.
Public Bank is the first Malaysian bank to report its April-June financial results. Top lender Maybank and second-ranked CIMB Bank are scheduled to release their quarterly earnings in August.
Net profit in the first half was RM1.2 billion
MALAYSIA'S stock market owner Bursa Malaysia saw its second quarter net profit rise 22.3 per cent to RM35.02 million (US$9.83 million) from RM28.64 million a year ago.
The company said in a statement today that revenues rose to RM94.58 million from Rm85.67 million.
For the first half of the year, net profit was RM50.52 million, down from RM70.71 million.
It is to pay a dividend of 10.1 sen per share for the second quarter, down from 16.50 sen a year ago
Public Bank is the first Malaysian bank to report its April-June financial results. Top lender Maybank and second-ranked CIMB Bank are scheduled to release their quarterly earnings in August.
Net profit in the first half was RM1.2 billion
MALAYSIA'S stock market owner Bursa Malaysia saw its second quarter net profit rise 22.3 per cent to RM35.02 million (US$9.83 million) from RM28.64 million a year ago.
The company said in a statement today that revenues rose to RM94.58 million from Rm85.67 million.
For the first half of the year, net profit was RM50.52 million, down from RM70.71 million.
It is to pay a dividend of 10.1 sen per share for the second quarter, down from 16.50 sen a year ago
Sunday, July 19, 2009
Stock to Watch on 20 July 2009: Public Bank and Bursa
Two big capitalised companies are due to announce their second quarter results on July 20 – Public Bank and Bursa Malaysia – which could see investors’ attention focused on the companies.
Strong earnings from the companies would underpin market sentiment, especially from Public Bank which analysts expect it to outperform its peers despite the weaker economic climate
RHB Research has maintained its outperform call and fair value of RM11.50 on Public Bank as it believes investors would switch their focus to the bank’s earnings prospects.
“With investors’ focus switching to 2010 earnings prospects, we believe its (Public Bank) 1H09 share price underperformance should reverse with upward bias in 2H09.
“Concerns (capital, dividend payout and maintaining high return on equity) that have weighed down on its 1H09 share price performance have been overplayed and are likely to be the catalyst for share price performance in 2H09,” it said in a recent report.
The strong trading volume in the second quarter and the rally should also underpin Bursa Malaysia’s earnings.
For sure, these 2 big guns will go bang bang loud. So, please watch out.
Bursa: fundamentally strong, monopoly business, record-breaking trading volume.
Public bank: one of the finest bank in Asia and Malaysia, sound management, fundamentally strong. Mr Teh, Public bank founder, is one of Malaysia best entrepreneur.
Strong earnings from the companies would underpin market sentiment, especially from Public Bank which analysts expect it to outperform its peers despite the weaker economic climate
RHB Research has maintained its outperform call and fair value of RM11.50 on Public Bank as it believes investors would switch their focus to the bank’s earnings prospects.
“With investors’ focus switching to 2010 earnings prospects, we believe its (Public Bank) 1H09 share price underperformance should reverse with upward bias in 2H09.
“Concerns (capital, dividend payout and maintaining high return on equity) that have weighed down on its 1H09 share price performance have been overplayed and are likely to be the catalyst for share price performance in 2H09,” it said in a recent report.
The strong trading volume in the second quarter and the rally should also underpin Bursa Malaysia’s earnings.
For sure, these 2 big guns will go bang bang loud. So, please watch out.
Bursa: fundamentally strong, monopoly business, record-breaking trading volume.
Public bank: one of the finest bank in Asia and Malaysia, sound management, fundamentally strong. Mr Teh, Public bank founder, is one of Malaysia best entrepreneur.
Saturday, July 18, 2009
Bursa Malaysia Berhad set to double profit in Q2
Bursa Malaysia Bhd is expected to double its net profit to over RM30mil in the second quarter from RM15.5mil in the first quarter, given the strong market trading activities in the past few months, analysts say.
The anticipated strong second-quarter performance has prompted analysts to lift their earnings forecasts for the local stock exchange operator for this year and beyond.
Bursa Malaysia is scheduled to release its financial results for the second quarter ended June 30 on Monday.
HwangDBS Vickers Research said the daily trading volume and value on the local bourse in the second quarter soared to 1.63 billion shares and RM1.49bil respectively.
In the first quarter, the average daily trading volume was 410 million shares worth RM620mil.
In addition, the average daily volume for derivatives surged 23% quarter-on-quarter and 40% year-on-year, driven by the uptrend in the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) and higher crude palm oil prices.
“As such, we expect Bursa to register a net profit of RM30mil to RM35mil in the second quarter compared with RM15.5mil in the first quarter and RM13.5mil in the fourth quarter 2008,” the brokerage said in a research note.
The renewed bullish sentiment on Bursa in the past several days was in tandem with gains in regional bourses following positive indications from the United States and major Asian economies.
Bursa-cl (call warrants) looks attractive to me. Bursa's profit is surely going to go up and its operation costs will be more or less the same. This will provide investors with higher net profit and ROI.
Bursa-cl (call warrants) looks attractive to me.
Enjoy your trading.
The anticipated strong second-quarter performance has prompted analysts to lift their earnings forecasts for the local stock exchange operator for this year and beyond.
Bursa Malaysia is scheduled to release its financial results for the second quarter ended June 30 on Monday.
HwangDBS Vickers Research said the daily trading volume and value on the local bourse in the second quarter soared to 1.63 billion shares and RM1.49bil respectively.
In the first quarter, the average daily trading volume was 410 million shares worth RM620mil.
In addition, the average daily volume for derivatives surged 23% quarter-on-quarter and 40% year-on-year, driven by the uptrend in the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) and higher crude palm oil prices.
“As such, we expect Bursa to register a net profit of RM30mil to RM35mil in the second quarter compared with RM15.5mil in the first quarter and RM13.5mil in the fourth quarter 2008,” the brokerage said in a research note.
The renewed bullish sentiment on Bursa in the past several days was in tandem with gains in regional bourses following positive indications from the United States and major Asian economies.
Bursa-cl (call warrants) looks attractive to me. Bursa's profit is surely going to go up and its operation costs will be more or less the same. This will provide investors with higher net profit and ROI.
Bursa-cl (call warrants) looks attractive to me.
Enjoy your trading.
We want justice! Protesters want MACC probed!
When the Nazis came for the communists,
I remained silent;I was not a communist.
When they locked up the social democrats,
I remained silent;I was not a social democrat.
When they came for the trade unionists,
I did not speak out;I was not a trade unionist.
When they came for the Jews,
I remained silent;I wasn't a Jew.
When they came for me,
there was no one left to speak out.
- Pastor Martin Niemöller (1892–1984)
Beng Hock, Good bye. I want justice!
These 2 days i have been feeling sad and at the same time feeling angry. What happen to Teoh Beng Hock (the political secretary to Selangor executive councillor Ean Yong Hian Wah)? I did not know Beng Hock personally, but i really feel the pain. I can imagine how Beng Hock's parents, fiancee and family feel at this moment. I can imagine how they feel when they see Beng Hock's picture on newspaper. It would be devastating. Moreover, Beng Hock's fiancee is 2 months pregnant, and they were to register their marriage today. I am totally lose. I surely will not believe Beng Hock would commit suicide.
Beng Hock was reportedly assisting the Malaysian Anti-Corruption Commission (MACC) in its investigations into the alleged misuse of constituency funds by several state assemblymen. His body was found on the fifth floor of Plaza Massalam in Shah Alam on Thursday, mere hours after he was interrogated by the MACC at its office on the 14th floor of the building. Ya, he was just assisting an invesitgation, he was not the suspect. MACC, please tell me what happened to this poor Beng Hock.
I want justice! I want justice! I want justice!
Datuk Seri Nazri Abdul Aziz, please shut up! I am even more disappointed when i know he say ""Jadi, dia patut balik rumah. Kita pun tak tahu dia nak terjun bangunan tu...," (Beng Hock should back home, we also did not know he wanted to jump from building).
Nazri, please shut up! You did not know whether this is a homicide or not too!
All this time, to be frank, I do not really have confident in our PDRM (Polis Diraja Malaysia) and MACC. With this case, I am totally lose confident in them. They are suppose the be neutral and they are suppose the serve our country well. Now i really do not whether they are friends or foes. PDRM and MACC seems like they have became one of BN party component.
I want Independent Police Complaints and Misconduct Commission (IPCMC)!
I want Independent Police Complaints and Misconduct Commission (IPCMC)!
I want Independent Police Complaints and Misconduct Commission (IPCMC)!
The IPCMC was a significant response to the reports of police abuse and misuse of power by various individuals and organisations to the Royal Commission.
Beng Hock, goodbye.
Beng Hock was reportedly assisting the Malaysian Anti-Corruption Commission (MACC) in its investigations into the alleged misuse of constituency funds by several state assemblymen. His body was found on the fifth floor of Plaza Massalam in Shah Alam on Thursday, mere hours after he was interrogated by the MACC at its office on the 14th floor of the building. Ya, he was just assisting an invesitgation, he was not the suspect. MACC, please tell me what happened to this poor Beng Hock.
I want justice! I want justice! I want justice!
Datuk Seri Nazri Abdul Aziz, please shut up! I am even more disappointed when i know he say ""Jadi, dia patut balik rumah. Kita pun tak tahu dia nak terjun bangunan tu...," (Beng Hock should back home, we also did not know he wanted to jump from building).
Nazri, please shut up! You did not know whether this is a homicide or not too!
All this time, to be frank, I do not really have confident in our PDRM (Polis Diraja Malaysia) and MACC. With this case, I am totally lose confident in them. They are suppose the be neutral and they are suppose the serve our country well. Now i really do not whether they are friends or foes. PDRM and MACC seems like they have became one of BN party component.
I want Independent Police Complaints and Misconduct Commission (IPCMC)!
I want Independent Police Complaints and Misconduct Commission (IPCMC)!
I want Independent Police Complaints and Misconduct Commission (IPCMC)!
The IPCMC was a significant response to the reports of police abuse and misuse of power by various individuals and organisations to the Royal Commission.
Beng Hock, goodbye.
Friday, July 17, 2009
Orang terakhir jumpa Teo: Saya didera SPRM...
Ahli Majlis Perbandaran Kajang, Tan Boon Hwa mencerita pengalaman perit yang dilaluinya ketika disoal siasat oleh Suruhanjaya Pencegahan Rasuah Malaysia (SPRM) Rabu lalu, berhubung dakwaan salahguna peruntukan untuk DUN di Selangor.
Tan disoal siasat oleh SPRM pada hari yang sama dengan Teoh Beng Hock - setiausaha politik exco kerajaan Selangor - yang ditemui mati, dipercayai jatuh dari bangunan pejabat SPRM jam 1.30 petang semalam.
Tan mendakwa, dua pegawai SPRM yang menyoal siasatnya, cuba mendapatkan pengakuan palsu daripadanya, dengan memaksanya menafikan telah membekalkan 1,500 ribu bendera Malaysia bagi satu majlis sambutan hari Kemerderkaan di DUN Sri Kembangan.
Sewaktu sesi soal siasat tersebut, katanya, pegawai berkenaan menggunakan teknik 'polis baik dan polis jahat' - pada mulanya bersikap baik tetapi kemudiannya bertindak kasar dan memaksanya berdiri selama empat jam dari pukul 10 malam hingga 2 pagi.
Tan berkata, ada beberapa kali dia diancam dengan keganasan fizikal, di mana seorang pegawai menuding ke dahinya dan didakwanya berkata: "Kami jangan bohong. Saya boleh pukul kami. Percayalah!".
Sewaktu disoal siasat, katanya, pegawai yang lain masuk ke bilik untuk mempersendakan kelemahannya bercakap dalam bahasa Malaysia dan memanggilnya dengan istilah yang kesat - Cina bodoh - dan bertanya sama ada dia rakyat China.
Yang paling teruk, kata Tan, ialah ancaman terhadap keluarganya yang disifatkannya sebagai satu 'penderaan mental'.
"Mereka kata, jika saya tidak cakap benar, mereka akan ambil isteri dan tiada siapa yang akan menjaga anak-anak saya. Tetapi saya tidak beralah," kata Tan dalam satu sidang akhbar di bangunan setiausaha kerajaan negeri hari ini.
http://www.malaysiakini.com/news/108712
Tan disoal siasat oleh SPRM pada hari yang sama dengan Teoh Beng Hock - setiausaha politik exco kerajaan Selangor - yang ditemui mati, dipercayai jatuh dari bangunan pejabat SPRM jam 1.30 petang semalam.
Tan mendakwa, dua pegawai SPRM yang menyoal siasatnya, cuba mendapatkan pengakuan palsu daripadanya, dengan memaksanya menafikan telah membekalkan 1,500 ribu bendera Malaysia bagi satu majlis sambutan hari Kemerderkaan di DUN Sri Kembangan.
Sewaktu sesi soal siasat tersebut, katanya, pegawai berkenaan menggunakan teknik 'polis baik dan polis jahat' - pada mulanya bersikap baik tetapi kemudiannya bertindak kasar dan memaksanya berdiri selama empat jam dari pukul 10 malam hingga 2 pagi.
Tan berkata, ada beberapa kali dia diancam dengan keganasan fizikal, di mana seorang pegawai menuding ke dahinya dan didakwanya berkata: "Kami jangan bohong. Saya boleh pukul kami. Percayalah!".
Sewaktu disoal siasat, katanya, pegawai yang lain masuk ke bilik untuk mempersendakan kelemahannya bercakap dalam bahasa Malaysia dan memanggilnya dengan istilah yang kesat - Cina bodoh - dan bertanya sama ada dia rakyat China.
Yang paling teruk, kata Tan, ialah ancaman terhadap keluarganya yang disifatkannya sebagai satu 'penderaan mental'.
"Mereka kata, jika saya tidak cakap benar, mereka akan ambil isteri dan tiada siapa yang akan menjaga anak-anak saya. Tetapi saya tidak beralah," kata Tan dalam satu sidang akhbar di bangunan setiausaha kerajaan negeri hari ini.
http://www.malaysiakini.com/news/108712
反贪委员会暴力逼，供站着盘问四小时，官员恫言殴打
与赵明福同一天被带往问话的加影市议员陈文华，今日挺身揭露反贪污委员会在盘问他的过程中，诉诸暴力和恐吓手段，更以种族性言论辱骂他。
陈文华是与雪州行政议员欧阳捍华政治秘书赵明福，同一天被带往雪州反贪污委员会总部协助调查。
陈文华今午在雪州大臣卡立等民联领袖的陪同下，与州政府大厦召开记者会，一一道出他被问话的数个小时历程。
陈文华表示，他是因为在去年国庆日期间，向史里肯邦安选区（欧阳捍华选区）提供总值2400令吉，为数1500支的国旗，而被反贪污委员会带往问话。
他说，在他于15日晚上9点抵达雪州反贪会总部后，官员一开始表现温和有礼，但不久后手段却转为粗暴。
据他的忆述，反贪会官员的粗暴手段包括，肃立4小时录取口供、种族性言论侮辱、恐吓要“殴打”（hantam）他，也曾说要把他孩子也带来反贪污委员会，企图逼他承认罪状。
“他们问我，到底是哪家公司供应那批国旗。我答说已不记得，但有单据存于家里。不料他们却不满说，你倒记得何时结婚，就只是这些会忘记。”
陈文华（左图）表示，他是因为在去年国庆日期间，向史里肯邦安选区（欧阳捍华选区）提供总值2400令吉，为数1500支的国旗，而被反贪污委员会带往问话。
他说，在他于15日晚上9点抵达雪州反贪会总部后，官员一开始表现温和有礼，但不久后手段却转为粗暴。
据他的忆述，反贪会官员的粗暴手段包括，肃立4小时录取口供、种族性言论侮辱、恐吓要“殴打”（hantam）他，也曾说要把他孩子也带来反贪污委员会，企图逼他承认罪状。
“他们问我，到底是哪家公司供应那批国旗。我答说已不记得，但有单据存于家里。不料他们却不满说，你倒记得何时结婚，就只是这些会忘记。”
陈文华也说，他在晚上10点开始，到凌晨2点，被官员要求肃立，眼望200公尺的前方，动也不能动地接受盘问。
“只要我动一下，就有官员向我咆哮。一直到两点为止，官员才说，‘我很可怜你，你现在可以坐在地上。’”
陈文华表示，反贪会共派出2人在室内盘问他，但在室外却有3至4人聆听，而每当他说话时，一定被室外的官员嘲笑和愚弄。
“一些官员还用手指着我的眉心，向我说，‘你是愚蠢华人，你来自中国啊？不明白马来文吗？’”
握拳做状殴打，威吓脱他衣裤
陈文华揭露，一些官员甚至质问他，是否疼爱其妻子与孩子，若爱的话，就不应该撒谎。
“我就坚决地告诉他们，我没有撒谎。官员就说，‘我现在甚至可以指示你脱掉衣服和裤子。’”
陈文华说，该些官员还恫言，反贪会可以把他的妻儿带到总部，声言这是要免去他对妻儿的牵挂。
他也表示，一些官员也拿起腰包或握拳，做状要打他，虽然并没真正动手，惟却令他饱受精神折磨。
“他们说，要看看我可以耐多久，还威吓我说，反贪会可以关我三天，看我能否受得了！”
反贪会声言不需搜查令可进屋
陈文华也忆述当日从家中被带走的情形。他说，当时反贪会的官员直闯进他家中，在没有搜查令，也没出示身份证明下，就任意搜查其电脑及文件。
“那些官员说，反贪会不需要搜查令，都可以去任何地方。”
凌晨6点看到赵明福神情疲累
陈文华续表示，他曾于估计凌晨6点左右，到茶水间喝水时，看见赵明福当时坐在那，神情显得疲累与伤心。
“我的手表和手机已全被没收，所以不知道确实时间，只从微亮的天色估计那是6点左右。”
“我在茶水间看到明福，就问他‘明福，怎么你还在这？’。明福只是头低低地向我‘嗯’了一声。”
“过了5分钟后，我上了厕所准备回去时，已经没有见到明福。”
陈文华是与雪州行政议员欧阳捍华政治秘书赵明福，同一天被带往雪州反贪污委员会总部协助调查。
陈文华今午在雪州大臣卡立等民联领袖的陪同下，与州政府大厦召开记者会，一一道出他被问话的数个小时历程。
陈文华表示，他是因为在去年国庆日期间，向史里肯邦安选区（欧阳捍华选区）提供总值2400令吉，为数1500支的国旗，而被反贪污委员会带往问话。
他说，在他于15日晚上9点抵达雪州反贪会总部后，官员一开始表现温和有礼，但不久后手段却转为粗暴。
据他的忆述，反贪会官员的粗暴手段包括，肃立4小时录取口供、种族性言论侮辱、恐吓要“殴打”（hantam）他，也曾说要把他孩子也带来反贪污委员会，企图逼他承认罪状。
“他们问我，到底是哪家公司供应那批国旗。我答说已不记得，但有单据存于家里。不料他们却不满说，你倒记得何时结婚，就只是这些会忘记。”
陈文华（左图）表示，他是因为在去年国庆日期间，向史里肯邦安选区（欧阳捍华选区）提供总值2400令吉，为数1500支的国旗，而被反贪污委员会带往问话。
他说，在他于15日晚上9点抵达雪州反贪会总部后，官员一开始表现温和有礼，但不久后手段却转为粗暴。
据他的忆述，反贪会官员的粗暴手段包括，肃立4小时录取口供、种族性言论侮辱、恐吓要“殴打”（hantam）他，也曾说要把他孩子也带来反贪污委员会，企图逼他承认罪状。
“他们问我，到底是哪家公司供应那批国旗。我答说已不记得，但有单据存于家里。不料他们却不满说，你倒记得何时结婚，就只是这些会忘记。”
陈文华也说，他在晚上10点开始，到凌晨2点，被官员要求肃立，眼望200公尺的前方，动也不能动地接受盘问。
“只要我动一下，就有官员向我咆哮。一直到两点为止，官员才说，‘我很可怜你，你现在可以坐在地上。’”
陈文华表示，反贪会共派出2人在室内盘问他，但在室外却有3至4人聆听，而每当他说话时，一定被室外的官员嘲笑和愚弄。
“一些官员还用手指着我的眉心，向我说，‘你是愚蠢华人，你来自中国啊？不明白马来文吗？’”
握拳做状殴打，威吓脱他衣裤
陈文华揭露，一些官员甚至质问他，是否疼爱其妻子与孩子，若爱的话，就不应该撒谎。
“我就坚决地告诉他们，我没有撒谎。官员就说，‘我现在甚至可以指示你脱掉衣服和裤子。’”
陈文华说，该些官员还恫言，反贪会可以把他的妻儿带到总部，声言这是要免去他对妻儿的牵挂。
他也表示，一些官员也拿起腰包或握拳，做状要打他，虽然并没真正动手，惟却令他饱受精神折磨。
“他们说，要看看我可以耐多久，还威吓我说，反贪会可以关我三天，看我能否受得了！”
反贪会声言不需搜查令可进屋
陈文华也忆述当日从家中被带走的情形。他说，当时反贪会的官员直闯进他家中，在没有搜查令，也没出示身份证明下，就任意搜查其电脑及文件。
“那些官员说，反贪会不需要搜查令，都可以去任何地方。”
凌晨6点看到赵明福神情疲累
陈文华续表示，他曾于估计凌晨6点左右，到茶水间喝水时，看见赵明福当时坐在那，神情显得疲累与伤心。
“我的手表和手机已全被没收，所以不知道确实时间，只从微亮的天色估计那是6点左右。”
“我在茶水间看到明福，就问他‘明福，怎么你还在这？’。明福只是头低低地向我‘嗯’了一声。”
“过了5分钟后，我上了厕所准备回去时，已经没有见到明福。”
Thursday, July 16, 2009
Yeah, downtrend broken!
These few days, it is not hard to notice that the downward momentum has been broken. The broad market is moving upward. Besides, to make things even sweeter, the upward momentum is supported by high volume and good fundamental news. Basically the whole world is looking at how US stock market performance. Goldman Sachs and JPmorgan better-than-anticipated quarterly result, China's economy grew faster than forecast in the second quarter and US jobless claims drop, all these positive news help to move the world market upward and I expected the upward momentum to GO ON for weeks.
In my humble opinions, when big companies released good quarterly financial result, this will lead to other public listed companies to releasing good quarterly financial result as well. In business world, all companies are linked together directly or indirectly.
The main problem that caused US economy crisis are housing and banking turmoil. It is good to know that the banks are getting healthier and existing/new home sales are increasing as well. Bravo.
Basically, when a clear trend is formed, it needs some big news to break it.
Although some investor (aka Guru) said that the bottom has yet to come, but i am not buying it. I am saying the bottom is already behind us. I come across a Singaporean investment Guru repeatedly saying DOW is going to return to a mere 6000 points. It is not impossible, but i think it need tonnes of C4 to bom us there.
From his blog, i think he missed most of the March-June rally, as he kept saying DOW would reach 6000 points. Luckily, it did not. Now Dow is 8600+. And yet, he still dares to give classes on trading/investing. That is why i dislike about those self-claimed investment gurus. Most of them do not trade/invest after they start teaching. Why? there is risk associated with trading/investing. Teaching does not have any risk, these gurus they are happy enough to earn thousand of dollars from each and every students for just a few classes.
For your reference (different "investment guru" from whom i mentioned above):
http://www.asiaone.com/News/Education/Story/A1Story20080829-84946.html
http://www.straitstimes.com/vgn-ext-templating/v/index.jsp?vgnextoid=74c030c735bff110VgnVCM100000430a0a0aRCRD&vgnextchannel=4e60758920e39010VgnVCM1000000a35010aRCRD
Beware, give yourself a second thought when you are considering spending thousand of dollars on a-few-day investment courses.
(Maybe)These gurus WERE good, but they ARE NOT as good as they used to be. When i first started to invest/trade, i used to admire these investment guru, but i am not anymore. They make me believe that earning money in stock market is easy, but in fact it is not. 80% of investors lose in stock market.
No matter it is doing business, investing, trading, or in real estate, earning money is never easy. It needs lots of knowledge, hard work and discipline as well.
Good luck and take care.
Yours sincerely,
GOon
In my humble opinions, when big companies released good quarterly financial result, this will lead to other public listed companies to releasing good quarterly financial result as well. In business world, all companies are linked together directly or indirectly.
The main problem that caused US economy crisis are housing and banking turmoil. It is good to know that the banks are getting healthier and existing/new home sales are increasing as well. Bravo.
Basically, when a clear trend is formed, it needs some big news to break it.
Although some investor (aka Guru) said that the bottom has yet to come, but i am not buying it. I am saying the bottom is already behind us. I come across a Singaporean investment Guru repeatedly saying DOW is going to return to a mere 6000 points. It is not impossible, but i think it need tonnes of C4 to bom us there.
From his blog, i think he missed most of the March-June rally, as he kept saying DOW would reach 6000 points. Luckily, it did not. Now Dow is 8600+. And yet, he still dares to give classes on trading/investing. That is why i dislike about those self-claimed investment gurus. Most of them do not trade/invest after they start teaching. Why? there is risk associated with trading/investing. Teaching does not have any risk, these gurus they are happy enough to earn thousand of dollars from each and every students for just a few classes.
For your reference (different "investment guru" from whom i mentioned above):
http://www.asiaone.com/News/Education/Story/A1Story20080829-84946.html
http://www.straitstimes.com/vgn-ext-templating/v/index.jsp?vgnextoid=74c030c735bff110VgnVCM100000430a0a0aRCRD&vgnextchannel=4e60758920e39010VgnVCM1000000a35010aRCRD
Beware, give yourself a second thought when you are considering spending thousand of dollars on a-few-day investment courses.
(Maybe)These gurus WERE good, but they ARE NOT as good as they used to be. When i first started to invest/trade, i used to admire these investment guru, but i am not anymore. They make me believe that earning money in stock market is easy, but in fact it is not. 80% of investors lose in stock market.
No matter it is doing business, investing, trading, or in real estate, earning money is never easy. It needs lots of knowledge, hard work and discipline as well.
Good luck and take care.
Yours sincerely,
GOon
Opcom
Opcom Holdings Berhad is a Malaysia-based investment holding company engaged in the renting of buildings and provision of management services to subsidiaries. The Company operates in three segments: manufacturing, trading and engineering services, and other operations. Manufacturing segment is engaged in the manufacture of fiber optic cables and systems. Trading and engineering services is engaged in providing network and engineering services, and general trading activities of specialty chemicals and related materials. Other operations segment is engaged in management services and investment holding activities. Its subsidiaries include Opcom Cables Sdn Bhd, Opcom Niaga Sdn Bhd and Opcom Shared Services Sdn Bhd. In July 10, 2008, the Company completed the disposal of its entire 100% equity interest in Opcom Network Technologies Sdn Bhd to Lingkaran Senada Sdn Bhd.
I don't really do my research on MESDAQ stocks. Opcom, MESDAQ stock,is recommended to me by my father. I was a bit late when i bought Opcom. By the time i bought Opcom, it already surged 100% within few days. It was because Opcom announced that it just received a huge fiber optic project.
Opcom is a strong fundamental MESDAQ company and it pays good dividend. Because of these reason I started buying Opcom 1000 shares on 24 April 2009 and 7 May 2009 respectively. I also noticed on April 2009 MESDAQ stocks move up a lot. I thought maybe the strong upward momentum (for MESDAQ) could be maintained.
In fact, the strong upward momentum did not managed to be maintained. The upward momentum became soft. It started on move sideway since mid of June 2009. Moving side way was not that bad, during the same period, my portfolio decreased 15-20% in value. It was a blessing in disguise.
I wanted to sell Opcom since last week but i did not. It is because it still did not manage to find replacement for Opcom until today. I sold all my Opcom shares at RM0.70. Including the dividend paid, I manage to gain 15% of profit. It is not a huge gain, but I am happy for this trade too because compared to other stocks in my portfolio, Opcom outperform most of them during June 2009.
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