Will Gamuda and MMC fly tomorrow?
Announcement Details/Table Section :
We refer to our announcement dated 20 December 2010 in respect of the above matter.

Gamuda Berhad wishes to announce that MMC Corporation Berhad-Gamuda Berhad Joint Venture, a 50:50 joint venture between the two companies (“the JV�), had on 28 January 2011 received a Letter of Award from Syarikat Prasarana Negara Berhad (“SPNB�) appointing the JV as PDP for the implementation of the Klang Valley Mass Rapid Transit Project (“Project�).
The scope, terms and conditions of the appointment will be subject to:
(i)         the terms of the finalised and executed Project Agreement between the Government of Malaysia and SPNB; and
(ii)         the execution of a comprehensive and definitive agreement between the JV and SPNB.
Gamuda Berhad will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the Project.
This announcement is dated 31 January 2011.

Market close 

MAYBANK/GAMUDA/CIMB/TOP UP BIMB 

which 

Latexx Partners gets RM852m offer

BT

I got RM15K cash and What share or investment I should invest.

Any share I should look forward too.

Oil price approaching $100/barrel anytime soon, at $92 now. Fuh!

O&G theme again?

start accumulate O&G?? Dialog, Kencana and sapcres have been in the spotlight lately. KNM looks nice for trading.

Any other counter that I missed that might get attention?? if only Abdullah Badawi still PM, I'm sure scomi will shoot like no tomorrow   

Ahh silly me! Today KL holiday. Am wondering why KLSE tarak jalan.

Poor PJ still gonna work >__<

Oil price approaching $100/barrel anytime soon, at $92 now. Fuh!

O&G theme again?

Now lets see what is US action leads to.....

Save Egypt or not have both effect on everyone.

US should do like this:     

Oil price approaching $100/barrel anytime soon, at $92 now. Fuh!

O&G theme again?

Psst..  Look at our very own Malaysia TAPIS Oil price, ALREADY $101.

Brent Oil got $100 today. Only US LightSweet Crude @ 92 is lagging.

careful guys, there is a time to buy, time to ride, time to sell & time to short  for TA players la
those powderful shares in usa after new high & good earnings r not roketing much up either  it shows some underlying weakness in the leaders 

KLSE is somewhat decoupled from the NYSE. occasionally it is affected, but not as often as before. speaking from my experiences in FKLI. in times like this, you know what to do

I do  do u? we can buy puts option over in usa & no need worry about those margin call thingy
'decoupled'? the only way to test the theory, is to see wat is coming in the next few weeks/ months 
after those fun manager completed analysing the earnings report & they prepare report for the next estimates
I luv red  all I need to do now is hav patience & unwind my call options position in stages, must welcome RED RABBIT 

KLSE is somewhat decoupled from the NYSE. occasionally it is affected, but not as often as before. speaking from my experiences in FKLI. in times like this, you know what to do

Do not forget to stock up & chill more beers for the Chinese New Year




Huat ahhh!!       

Do not forget to stock up & chill more beers for the Chinese New Year




Huat ahhh!!       

Stock up Underwater Beers    alot

Hope no Kastam reading this post. 

Do not forget to stock up & chill more beers for the Chinese New Year




Huat ahhh!!       

No wonder Malaysia GDP drops, hence the share markets.

Hope you are not the next to complain about 0.05% drop in portfolio.

Thats because our PM says Higher income but so far, i see drop in income. Man must survive until our PM start to do something about it. 

If you invest in shares, you are kinda co owner of many companies.

Then, you have many businesses like O & G, Banks , tin mines, Insurance co  etc

If not, you owe charts and lines, kinda expensive to buy these lo.

for the KLSE there's no put ma right.. only way is to buy, buy, buy hahaha.

You can always short the KLCI future

Ask your broker and see  

MACD Cross Below 0 Line

MAYBANK-JA 
SPSETIA-WB
KLCI 
BURSA-CO 
YUNKONG-WA 
GENTING-CV 
DRBHCOM-CB

Cross Below 100 SMA 

MUDAJYA-CB 
TGOFFS-WB

Gap Down

BJCORP-CA 
PARKSON-CA
MEDIA-WB 
KNM-CE 
TM-CM 
PROTON-CF 
DRBHCOM-CB 
MHB-CA
MHB-CC 
AIA-C2 
GAMUDA-CO 
DRBHCOM-CC 
PETRA-WA 
SIME-JA 
IOICORP-JA 
KSL       
BORNOIL-WA 
SPSETIA-WB
Strong Volume Gainer

ALAQAR     
OLYMPIA-WA 
HEXAGON-WA 
HEVEA-WB 
HWGB-WB
TIGER-WA 
MPHB-JA 
CPO1104 
PRESTAR-WA
BURSA-CP

Why need to constantly look at Uncle Dow face, to get his  consent, afterall it is your money, not aids from Obama.

Those got rich in investing in Genting or PBB long time ago ,many do not know who is Uncle Dow, Chairman Mao, maybe.  It is Kinda Malaysia Boleh lah.

Happy CNY to all.

Spsetia-WB. 
What does Gap down mean? 

---

Added on February 1, 2011, 2:23 pm

Totally agree! 
Kind of matches with Buffet's saying "good company eventually will be reflected in its share price" thingy. 

gap down means today's opening price is lower than yesterday closing price.
eg, yest close at rm1.00 but today open at rm0.90 and continue going down...
if u see the chart, there'll be a gap (10 cents) between yesterday's bar and today's bar...

OT a bit here. An inspiring article to share when market is not open today, many desperate investors (such as myself) are feeling so boring without the excitement of monitoring market. 
I think our government should really think hard hard about how to improve human capital, in order to push our country to grow.

By NICHOLAS D. KRISTOF
Published: January 8, 2011
The New York Times

Hou Yifan, the new women’s world chess champion, is the youngest person, male or female, ever to win a world championship. Ms. Hou (whose name is pronounced Ho Ee-fahn) is an astonishing phenomenon: at 16, she is the new women’s world chess champion, the youngest person, male or female, ever to win a world championship. And she reflects the way China — by investing heavily in education and human capital, particularly in young women — is increasingly having an outsize impact on every aspect of the world.

Napoleon is famously said to have declared, “When China wakes, it will shake the world.� That is becoming true even in spheres that China historically has had little connection with, like chess, basketball, rare earth minerals, cyber warfare, space exploration and nuclear research.

This is a process that Miss Hou exemplifies. Only about 1 percent of Chinese play chess, and China has never been a chess power. But since 1991, China has produced four women’s world chess champions, and Ms. Hou is the one with by far the most promise.

At this point, I have to put my sensitive male ego aside. You see, Ms. Hou gamely agreed to play me after I interviewed her. She had just flown into Beijing after winning the world championship, and she was exhausted — and she shredded me in 21 moves.

Most dispiriting, when I was teetering at the abyss near the end of the game, her coach nudged her and suggested mischievously that we should switch sides. Ms. Hou would inherit my impossible position — and the gleam in her coach’s eye suggested that she would still win.

I protested that I could survive being beaten on the chess board by a schoolgirl. But to be toyed with, like a mouse by a cat — that would be too much. Ms. Hou nodded compassionately and checkmated me a few moves later.

At 14 she became the youngest female grandmaster ever. She’s still so young that it’s unclear just how remarkable she will become.

Women in general haven’t been nearly as good at chess as men, and the world’s top women are mostly ranked well below the top men — but Ms. Hou could be an exception. She is the only female chess player today considered to have a shot at becoming one of the top few players in the world, male or female.

Cynics sometimes suggest that China’s rise as a world power is largely a matter of government manipulation of currency rates and trade rules. But China has also done an extraordinarily good job of investing in its people and in spreading opportunity across the country. Moreover, perhaps as a legacy of Confucianism, its citizens have shown a passion for education and self-improvement — along with remarkable capacity for discipline and hard work, what the Chinese call “chi ku,� or “eating bitterness.�

Ms. Hou dined on plenty of bitterness in working her way up to champion. She grew up in the boondocks, in a county town in Jiangsu Province, and her parents did not play chess. But they lavished attention on her and spoiled her, as parents of only children (“little emperors�) routinely do in China.

China used to be one of the most sexist societies in the world — with female infanticide, foot binding, and concubinage — but it turned a corner and now is remarkably good at giving opportunities to girls as well as boys. When Ms. Hou’s parents noticed her interest in a chess board at a store, they promptly bought her a chess set — and then hired a chess tutor for her.
Ye Jiangchuan, the chief coach of the national men’s and women’s teams, told me that he played Ms. Hou when she was 9 years old — and was stunned. “I saw that this kid was special,� he told me, and he invited her to move to Beijing to play with the national teams. Three years later she was the youngest girl ever to compete in the world chess championships.

It will be many decades before China can challenge the United States as the overall “No. 1� in the world, for we have a huge lead and China still must show that it can transition to a more open and democratic society. But already in discrete areas — its automobile market, carbon emissions and now women’s chess — China is emerging as No. 1 here and there, and that process will continue.

There’s a lesson for us as well. China’s national commitment to education, opportunity and eating bitterness — those are qualities that we in the West might emulate as well. As you know after you’ve been checkmated by Hou Yifan.

---

Added on February 1, 2011, 2:42 pm

I see. Thanks!! 

China people in the past ( long time ago )  did not invest much in share markets too.

Once they know to invest , one of them  has the capacity ( pre qualified ) to take over the place of WB.

Li Lu, Hedge Fund Manager, May Help Berkshire Abroad

http://www.businessweek.com/news/2010-07-3...ire-abroad.html

I cannot imagine how interesting Asian market can become by then. In fact, China has started some moves. Last year, they started their own international rating organization as they claimed that those existing rating companies should bare a big part of responsibility on last economic recession. When their funds (unit trusts etc) increase gigantically in coming future, the power in the East will be more and more a threat to the West. Looking at the interactions on Obama vs. Hu Jintao in recent meeting in the US, we can almost see the "same table same level" situation.

Well, China is still the process of creating more wealth, whereas US hits below the belt by " printing"  lot more wealth through QE 1 & 2.

So who is the more capable.

OT a bit here. An inspiring article to share when market is not open today, many desperate investors (such as myself) are feeling so boring without the excitement of monitoring market. 
I think our government should really think hard hard about how to improve human capital, in order to push our country to grow.

By NICHOLAS D. KRISTOF
Published: January 8, 2011
The New York Times

Hou Yifan, the new women’s world chess champion, is the youngest person, male or female, ever to win a world championship. Ms. Hou (whose name is pronounced Ho Ee-fahn) is an astonishing phenomenon: at 16, she is the new women’s world chess champion, the youngest person, male or female, ever to win a world championship. And she reflects the way China — by investing heavily in education and human capital, particularly in young women — is increasingly having an outsize impact on every aspect of the world.

Napoleon is famously said to have declared, “When China wakes, it will shake the world.� That is becoming true even in spheres that China historically has had little connection with, like chess, basketball, rare earth minerals, cyber warfare, space exploration and nuclear research.

This is a process that Miss Hou exemplifies. Only about 1 percent of Chinese play chess, and China has never been a chess power. But since 1991, China has produced four women’s world chess champions, and Ms. Hou is the one with by far the most promise.

At this point, I have to put my sensitive male ego aside. You see, Ms. Hou gamely agreed to play me after I interviewed her. She had just flown into Beijing after winning the world championship, and she was exhausted — and she shredded me in 21 moves.

Most dispiriting, when I was teetering at the abyss near the end of the game, her coach nudged her and suggested mischievously that we should switch sides. Ms. Hou would inherit my impossible position — and the gleam in her coach’s eye suggested that she would still win.

I protested that I could survive being beaten on the chess board by a schoolgirl. But to be toyed with, like a mouse by a cat — that would be too much. Ms. Hou nodded compassionately and checkmated me a few moves later.

At 14 she became the youngest female grandmaster ever. She’s still so young that it’s unclear just how remarkable she will become.

Women in general haven’t been nearly as good at chess as men, and the world’s top women are mostly ranked well below the top men — but Ms. Hou could be an exception. She is the only female chess player today considered to have a shot at becoming one of the top few players in the world, male or female.

Cynics sometimes suggest that China’s rise as a world power is largely a matter of government manipulation of currency rates and trade rules. But China has also done an extraordinarily good job of investing in its people and in spreading opportunity across the country. Moreover, perhaps as a legacy of Confucianism, its citizens have shown a passion for education and self-improvement — along with remarkable capacity for discipline and hard work, what the Chinese call “chi ku,� or “eating bitterness.�

Ms. Hou dined on plenty of bitterness in working her way up to champion. She grew up in the boondocks, in a county town in Jiangsu Province, and her parents did not play chess. But they lavished attention on her and spoiled her, as parents of only children (“little emperors�) routinely do in China.

China used to be one of the most sexist societies in the world — with female infanticide, foot binding, and concubinage — but it turned a corner and now is remarkably good at giving opportunities to girls as well as boys. When Ms. Hou’s parents noticed her interest in a chess board at a store, they promptly bought her a chess set — and then hired a chess tutor for her.
Ye Jiangchuan, the chief coach of the national men’s and women’s teams, told me that he played Ms. Hou when she was 9 years old — and was stunned. “I saw that this kid was special,� he told me, and he invited her to move to Beijing to play with the national teams. Three years later she was the youngest girl ever to compete in the world chess championships.

It will be many decades before China can challenge the United States as the overall “No. 1� in the world, for we have a huge lead and China still must show that it can transition to a more open and democratic society. But already in discrete areas — its automobile market, carbon emissions and now women’s chess — China is emerging as No. 1 here and there, and that process will continue.

There’s a lesson for us as well. China’s national commitment to education, opportunity and eating bitterness — those are qualities that we in the West might emulate as well. As you know after you’ve been checkmated by Hou Yifan.

---

Added on February 1, 2011, 2:42 pm

I see. Thanks!! 

Haha..14 years old ord a grandmaster.When I was 14 years old, I am an still an ignorant kid that knows nothing. However, I am not sure whether this is a good example of investing in human capital. Like what we see with their other world champions, like Lin Dan and etc, they train very hard on the sports that they are supposed to be good at since young but very little emphasize is given to their formal education. For every Lin Dan, there are probably 10 others who do not make it, god knows how their life would be. Similar to this girl, whether she spend all her time playing chess only, we would not know.Chinese students in my university are amazingly smart, so smart that some of our Malaysian students who used to represent the country for various mathematics and science olympiad competition could not even compete with a "normal" Chinese students, just that the author perhaps use the wrong example for human capital development.

China in itself has an amazing macro backdrop. People are hungry, people want to make money. But, even with this growth, the government acknowledge that the people are still very poor (the majority of them, there are some ultra rich). Chinese working population will peak in 2015, they need to increase their labour efficiency soon, it is a fight of whether they get efficient first or they get old first. If they get efficient first, we will see China as the biggest economy in the world. If they get old first, then, India may be a better bet.

Political commentator tend to go with the flow so this type of article tend to appear. Yes, China is getting stronger, but, they have a lot of things to do and their own government know it. The economy is still very investment driven since the crisis, need to switch to a more consumption driven ones. Wages are predicted to increase double digits per annum for the next five years for blue collar workers, this is a good thing for the country. But,to say that China is 100% no.1, it is not that clear cut, mostly due to their demographics become older. There is always a dark horse in India which have a better macro story but they need to fixed their government which is perhaps as hard as China fixing their economic model.

BTW, with such a huge wealth creation, the next Warren Buffet should either come out of China or India.

Just matter of time b4 China can par with US. US can only try to drag the timeline unless something change inside US itself.

US financial wealth (company not the gov) is still 3x the size of China.

my opinion, not in the next 10-15 years.

from an economics POV (Solow neoclassical exogenous model), China does not have the innovation yet. it has the labour, it has the capital, but there's only a finite level of expansion that the economy can grow at with just these 2 factors.

the US still the bulk of innovation that usually explains for the residual (unexplained - apart from labour n capital) growth factors. right now you can focus on the real economic numbers, GDP, per capita income and all but these only will affect a fraction of your growth equation/factors. the unexplained bit are things you cannot see of intangible value. China is still reverse-engineering their way up, which means its still quite low on the rungs.

you can see a drift in academics as in there are slightly more chinese academics, but still 95% of the worlds innovation is probably concentrated in the US.

just my view.

Per capital income of US is USD 47K
China per capital income is around USD 8k

GDP US roughly 14 trillion
GDP China roughly 5 trillion.

The per capital income gap is still very big.

Do remember, a significant portion of China economy or GDP is contributed by US based company which use China as manufacturing base.

Btw, Malaysia per capital income is around USD 14~15k.

Yes, China has a lot of potential,
20-30 years down the road, may be, immediate next 10 years, not possible.
But one thing is that the widen income gap is not something healthy in term of economy to see.

A strong and healthy economy should close this gap as well.

very much agreed on all your points made in the 2 posts.

one more is domestic income inequality (can be measured thru Gini coefficient - but that itself has technical limitations) but just from churning through the statistics in China, it appears they still have a very big gap from poor to rich, which would take a while (around 6-10 years china speed) to resolve, and this also presents a lot of problems in inducing domestic consumption.

maybe in 2040 can see China as upcoming superpower, but .. i just feel even at 10% or an overheated/on steroids 15% GDP growth a year it still has a very long way to go to be able to catch up with the US.

(might be very wrong)

15% GDP growth can derail the economy, as inflation haunt you back, and potentially bubble bursting make the economy struggle afterwards.

haha, just making a point

The main point is Innovation as Mr. Tee said.
Look at Japan.
They have never innovated anything in their lives - probably never will.
Good at stealing, copying and improving others' ideas though.....

The other point is "value added". Right now, there is very little value added in China. Which is why the smarter operators are trying to buy or build brands. (e.g. Volvo or Haier).

It took LG/Samsung/Hyundai 30/40 years and billions of dollars of PR/Marketing to get to their worldwide status (such as it is).

China has a long way to go before it moves up the value chain - especially since there are so many quality/CSR/ethical issues.

I'd still put my money on it though...

The final half day is starting 

---

Added on February 2, 2011, 9:05 am+5 opening, +6 now 

Today half day?

just sold off genting bought yesterday for peanut gain. cannot resist its green-est.