Mesdaq normally for those company with high growth potential and those tech companies

Hmm... The Star, had previously ran some editorial regarding to this Swiss Cash scam.

The people involved in this scam involves certain VIP.

By all means, please invest in Swiss Cash now as the founder/proprietor requires funding to post their bail and subsequent they might need to pay the legal fees as well.

Alienware, you are either too ignorant or perhaps, you are one of them. Trying to spread the con by masquerading behind the cloak of innocent and naive forum member.

From Bank Negara Website
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1299

Ref No: 09/06/01

Embargo: For immediate release
Warning on Swiss Cash or Swiss Mutual Fund

Bank Negara Malaysia and Securities Commission of Malaysia would like to inform members of the public that Swiss Mutual Fund, the company that is promoting the Swiss Cash fund, is not licensed or exempted from licensing by Bank Negara Malaysia to accept deposits nor is it licensed by the Securities Commission to carry out asset management activities or services in Malaysia. Swiss Cash fund promoted by Swiss Mutual Fund has not been approved nor endorsed by the Securities Commission.

Swiss Cash fund is an internet-based investment program promoted by Swiss Mutual Fund, a fund management company claimed to be registered overseas, and the investment opportunities in the fund is offered through the Internet and local agents.

Members of the public should only invest through parties that have been licensed by the authorities. When in doubt, the public should check with Bank Negara Malaysia, the Securities Commission or other relevant authority on the licensing status of the local or foreign company before making any investment.

Members of the public may contact the Securities Commission and Bank Negara Malaysia for enquiries on the fund:

Complaints Department, Securities Commission
Tel: 03 6204 8999
Fax: 03 6204 8991
E-mail: aduan@seccom.com.my

Bank Negara Malaysia
Tel: 03 2691 0824 / 2692 6482 / 2698 2810 / 2694 2143
Fax: 03 2698 7467
E-mail: info@bnm.gov.my

Bank Negara Malaysia
Securities Commission
5 September 2006



Bank Negara Malaysia
5 September 2006



From The Star
http://thestar.com.my/news/story.asp?file=...0816&sec=nation

Two Datuks held over Internet scam

KUALA LUMPUR: Two Datuks and six others have been placed under remand to help investigations into a get-rich-quick scheme that allegedly promised “huge returns for a minimum investment.”

The Datuks, aged 47 and 57, were produced before a magistrate’s here yesterday together with the others, aged 26 to 58, after their arrest on Monday.

Magistrate Azniza Mohd Ali ordered them to be remanded for five days, until Oct 7.

The police are investigating the case under Section 420 of the Penal Code for cheating.

The alleged scam, known as SwissCash or Swiss Mutual Fund (1948), was uncovered early last month and reported in a Malay tabloid.

Over 50,000 people have purportedly signed up for the scheme since its introduction in April last year.

The Swiss Embassy here has denied that its government had approved the scheme and also rebuffed claims that it was based in Switzerland.

SwissCash, which operates through the Internet, claims to be an “easy, fast and secure scheme.”

It claimed investors’ funds were channelled to business activities ranging from oil exploration to shipping and agriculture in the Caribbean.

Investors are required to pay a registration fee of US$30 (RM110) to join the scheme, which allegedly offers huge returns for a minimum investment of US$100 (RM370).

Those behind the scheme also claimed that investments of US$1,000 (RM3,700) or more could earn a profit of up to 300% after 15 months.

However, after the report appeared in the tabloid, the Securities Commission and Bank Negara released statements saying SwissCash had no licence to collect funds.

Prime Minister Datuk Seri Abdullah Ahmad Badawi also issued a statement calling on those duped by the scam to quickly lodge reports.

Among the scheme’s purported victims are a lawyer, a consultant, a technician and the secretary-general of a government ministry. They claimed they had been cheated of nearly RM20mil.


More follow-up by The Star

http://thestar.com.my/news/story.asp?file=...3129&sec=nation
Be wary of ‘Swiss’ website

By EDDIE CHUA

KUALA LUMPUR: If you have stumbled onto the Swiss Cash or Swiss Mutual Fund website, which is making an aggressive sales campaign here, it is best to be cautious.

The two companies are not Swiss-registered firms.

The Swiss embassy here has warned the public that the two companies have no relation to their country.

“Sometimes, companies use the word 'Swiss' or images of the Swiss flag to associate themselves with the reputation of Swiss companies.”

The statement said the two companies are not subjected to Swiss law and therefore the public should be careful when investing in such funds.

A man, who runs a local website and claimed to have invested US$50,000 (RM189,300) in the fund, told The Star that he had obtained a return of 300% in 15 months.

He said a company that has its headquarters in the Dominican Republic manages the fund.

“The minimum investment is US$100 (RM379) while its maximum is US$100,000 (RM379,000),” he said.

“To invest in the fund, one has to pay US$30 (RM113.60), a one-time registration fee. However, the registration fee must be wired through a bank to the company in the United States.”

He said there would be a 10% return in one to three months.

“It has been so far so good as I get my returns on time,” he said.


I also notice that there is this forummer offering HYIP, High Yield Investment Product via his/her Ronnie 2U investmentlink or something like that. Any doubts about his "investment" can be refer to the articles above. Better yet, call Bank Negara Malaysia numbers above.

Alternatively, Securities Commission, www.sc.com.my, is another government agency for handling such matter. In fact, any leads that leads to prosecution will be REWARDED.

As expected, it is obviously a scam.

But I would like to warn all the members here.

If someone approach you for a investment scheme.

Please ask for,

Company registration No,
Address.

and check for the track record of the company. Normally an investment firm should get the license from Bank Negara or From oversea Central Bank.

OT: Hey I like the X'mas Emoticon!

This post has been edited by billytong: Dec 14 2006, 06:16 PM

hi guys, what do u guys think about REIT in Malaysia? worth to invest?

Reit generally generated about 6-7% yield but due to infavourable tax structured on the income distribution, it is not that popular here. (local being taxed at 15% while foreigner 20%).

So if a reit yield 6% but after tax left only 5.1% which is only slightly above FD rate, that's why reit is not so attractive here. Overseas like Singapore, the reit income is tax free (for 5 years or something like that,not sure) while others also being taxed at a much lower rate.
That's also why most of the reit traded at below IPO offer price due to lack of interest especially from foreign investors.

If gov gave tax exemption on reit, definitely this industry will have much better future.

This post has been edited by cherroy: Dec 15 2006, 08:51 AM

hmm.. I read about some economist commend about infavourable tax structure after budget 2007.

they are lowering it even further.... btw some newer REIT are offering like 8-9% now do check it out

which REIT is offering 8-9%? we invested in Hektar at institutional price of RM1.11 which, if all distributable income is paid out, would barely touch 8%.

now that its trading at 1.03-1.04 we're pretty much stuck with it. REITs have a looong way to go but its good that foreign players like CapitaLand are coming in. without asset enhancement, REAL asset enhancement, there isnt much upside

it is good t see foreign player like capitaland come in, at least it build a more challenging market, but i just want to question..how do you consider a reit is good to invest?based on the property it acquired over certain time or, im just looking for your opinion.

http://www.nareit.com/portfoliomag/default.shtml

Good web site to read about REIT and how to evaluate REIT.

Dreamer

Different people would have different views on this. Some might prefer pure commercial properties, some like retail, etc. We liked Hektar cause the management is sound and experienced and the changes they have made turned out well. They have implemented step-up rent as well as tying rental to sales.

Also, Subang Parade has 2 acres of land and Mahkota Parade 3 acres which allows for future expansion. The properties aren't dependant on any group of tenants as most contributed abt 2% each to revenue (except Parkson).

As for other REITs locally, we had invested in Axis when it first came up but gave the rest a miss. Went overseas instead.

well if you wanna try "virtual trading"
You can try google finance it has a portfolio builder
http://www.google.com/finance?q=&hl=en

Wanna know what the experts are buying?
http://www.gurufocus.com/

Hello everyone,

I do have a question here. Well, I would like to know more about Warrant.

For example, when Company A put 'Call Warrant' onto Bursa Saham,

Exercise Price : RM2.00
Issue Price : RM 0.50
Tenure : 8 months
Exercise Ratio : 2 CW : 1 Share

So the questions are :-

1. The current A share price at the moment will be lower than RM2 ?
A : I assume 'yes'

2. If A share price increase RM0.50, the A-CW will increase RM0.50 too ?
A : I assume 'yes'

3. If A share price decrease RM0.60, the A-CW will become no value .. RM 0 ?
A : I assume 'yes'

4. I must exercise the CW in the range of 8 months it's been offered to public .. I can either buy the A share price by exercise .. or sell the CW as priced at that moment for A-CW at Bursa Saham ?
A : I assume 'yes' but it will be the company A who have to buy your CW and it might need some time for the issuer to process the exercise from CW into share.

5. I need to purchase 2 CW in order to exercise it for 1 share .. how if I only have 1 CW ?

6. Please add any other things i need to know ..

Thanks all for information. It will be an useful learning curves for myself and anyone else interested. Thank you !!

This post has been edited by WinDs: Dec 19 2006, 12:11 AM

Exercise Price : RM2.00
Issue Price : RM 0.50
Tenure : 8 months
Exercise Ratio : 2 CW : 1 Share

So the questions are :-

1. The current A share price at the moment will be lower than RM2 ?
A : I assume 'yes'
Not necessarily,the current price can be at,below or above the strike/exercise price

2. If A share price increase RM0.50, the A-CW will increase RM0.50 too ?
A : I assume 'yes'
Not necessarily,this relationship is known as Delta,Delta can be 1,>1 or<1.That is,the movements may not be in unison.

3. If A share price decrease RM0.60, the A-CW will become no value .. RM 0 ?
A : I assume 'yes'
Theroticaly yes,but in practice,there may still be time value left.So,the CW may be trading at 1 sen.

4. I must exercise the CW in the range of 8 months it's been offered to public .. I can either buy the A share price by exercise .. or sell the CW as priced at that moment for A-CW at Bursa Saham ?
A : I assume 'yes' but it will be the company A who have to buy your CW and it might need some time for the issuer to process the exercise from CW into share.

Since the tenure is 8 months,you either sell it back in the open market within the 8 months,or you exercise it at the strike price before or at expiry.If the CW is cash settled CW,then you will only receive the cash equivalent .

5. I need to purchase 2 CW in order to exercise it for 1 share .. how if I only have 1 CW ?
If you only have 1 CW,then when you exercise,you'll get half share only.If you have 1,000 CW,then on exercising,you will get 500 shares only.

6. Please add any other things i need to know ..

You should take note that most recently issued CWs are cash settled ,ie,when you request for settlement,the issuer will compare the settlement price against the strike price and pay you the difference in cash.You cannot ask for the underlying mother share.

anybody want to talk about bond? where to buy it? whats the minimum face value?

Thanks Lklatmy. That is very helpful for me i must admit.

Anyhow I've just figure out about the delta. However i am yet to understand the term ' settlement price ' and ' strike price '

So in this case, if I want to exercise the warrant, I will only make profits when

1. the A share price is at RM2.50 or more; since I pay RM0.50 for the warrant and the cash settled by current share market A price, RM2.50 - Exercise Price, RM 2.00 = RM0.50 ?

2. I sell the A-CW at a higher price than RM0.50 at the stock market

The most profit margin will be likely coming from selling A-CW at higher price but it's hard to achieve that since the warrant will be expired in a certain period which results in decreasing A-CW price as it getting nearer to the tenure deadline.

Thanks all.

Both your examples above are correct.

As for the last part concerning selling the CW at higher price to make profit and the assertion that it's hard to achieve is not totally correct,There are many CWs listed in Bursa that are way above their IPO price now.Nevertheless,IMHO,many of these CWs are grossly overpriced(out of the money) and may tumble if the market takes a correction.Holding on to these loosing CWs is the natural thing that most retail player will do in that situation and as you said,when the expiry date draws nearer,the price of the CWs will only decrease further.I think many retail players are not well verse with the characteristic of CWs and many will get badly burn 6 months from today when many of the existing CWs will be expiring.I must also add that of course,if the market suddenly turn bullish,the price of the CWs will also go up.

Some elaboration on "strike price" and "settlement price".

Strike price also known as exercise price is the reference price set by the issuer of the CW where the holder of the CW is entitle to purchase the underlying mother share, regardless of the existing market price .Eg,Maxis-CA with a strike price of RM8.11 enttles the holder of the CA to purchase from Khazanah (the Issuer),Maxis shares at RM8.11 although the current market price of Maxis is Rm10.

Settlement price is the reference price used in the process of cash settlement of CW.It is the previous day's closing price in most instances if settlement is requested before expiry of the CW.If the settlement is for CW outstanding at the point of expiry,then the settlement price is the weighted average of the last five trading days.

I have appended below the terms and conditions of Astro CW that is issued by CIMB and will be listed soon.The part concerning determination of settlement price has been highlighted in blue.




Summary of principal terms of the Astro CW

Issuer : CIMB
Guarantor : CIMB Bank Berhad (formerly known as Bumiputra-Commerce Bank Berhad)
Underlying Shares : Ordinary shares of 10 British pence each in Astro
Instrument : Up to 30,000,000 non-collateralised cash-settled call warrants over ordinary shares of Astro, exercisable American style
Exercise Ratio : 2 Astro CW : 1 Astro share
Exercise Price : RM5.55, being 100.33% of the 1-day volume weighted average market price ("VWAMP") of Astro shares on 18 December 2006 of RM5.5319
Settlement : Cash settlement only
The Astro CW give the holder the right to receive from CIMB, upon valid exercise or on Expiry Date (as the case may be), the Cash Settlement Amount, which shall be calculated as set out below, less all incidental expenses.
Cash Settlement Amount = Number of call warrants x (Closing Level - Exercise
Price) x 1/Exercise Ratio
= Number of call warrants x (Closing Level - Exercise
Price) x 1/2
Where the Closing Level will be:
(i) if exercised before the Expiry Date, the Closing Level will be the closing market price of the Astro shares on the market day immediately before the exercise date. Any Exercise Form received by the Call Warrant Registrar after 9.00 a.m. on any market day shall be deemed to have been received on the next following market day, or on Expiry Date, whichever first occurs;
(ii) if the Astro shares are delisted or suspended, the Closing Level will be the closing market price of the Astro shares on the market day immediately before the delisting or suspension; or
(iii) if exercised on the Expiry Date, the Closing Level will be the 5-day VWAMP of the Astro shares before and including the market day before the Expiry Date.
If the Cash Settlement Amount after deducting all incidental expenses is equal to or less than zero, we shall not be obliged to make any payment to the relevant warrantholder, and the Astro CW which have been exercised shall thereafter become void.
Issue price : RM0.325, being an amount equal to 11.75% of the 1-day VWAMP of Astro shares on 18 December 2006, divided by 2 (being the Exercise Ratio).
Exercise Period : Exercisable at any time for a period of 8 months from and including the issue date of the Astro CW.
Expiry Date : Date falling 8 months from and including the issue date of the Astro CW.

Merry Christmas and a happy new year to all forumers

Thank you, lklatmy. That's a brief explanation.

Merry Christmas & Happy New Year to you and others too. Let's see how the new year local bursa saham going to perform following the currency control at Thailand.

I believe it will bring more benefits to KLSE at short terms with all the funds direct into other share markets excluding Thailand. However in long run, the economic crisis back in 1997 might be coming back again. It's okey to exercise capital control I believe. However, we should ask, when is THE RIGHT TIME to exercise that. And in my opinion, it's still too early to do that. We would like to know more how US Dolar & China Yuan going to affect the economic next year, not to forget Japanese YEN too.

Thanks a lot.

Hey Iklatmy you should open one thread on warrants like you did somewhere else, that really helps

Thanks for your suggestion but I don't see many questions on WA,WB,CA,CB,ICULS,PA ect at the moment,so I will just provide a link to my article for those interested but the prerequisite is ability to read Mandarin.

http://chinese.cari.com.my/myforum/viewthr...filter%3Ddigest

BTW,please send my regards and holiday greetings to your colleague Raghbir,Peter Mah and Ong Lily,From Liew KL,their former colleague.