IOI T/P rm 4.90.

BUY AT YOUR OWN RISK. CHANCE OF LOSING MONEY IS HIGH.

This post has been edited by SKY 1809: Jan 13 2009, 09:30 PM


Attached File(s)
 Kenanga_Today_090113.pdf ( 60.43k ) Number of downloads: 44

Yes 90% CPO 10% Crude Oil

Up Up Up , 50sen.

Congratulation.

I do not think Government would allow T Haji to go bust.

That would be in favour of Anwar without a fight .

We are here to share info only. Not calling to buy.

Risk is always there.

Forumers like to blame others for losing money.

Sounds like Ramunia kaki.

Yen weakening .. risk appetite up

CPO - going RM 2000 by next month.

Be patient.

Chinese win either BN wins or loses.

Government to channel RM50mil straight to boards of Chinese schools
By ZULKIFLI ABD RAHMAN

Najib: Chinese Schools to get direct funding

PETALING JAYA: In an unprecedented move to provide financial assistance to Chinese schools, the Government announced that the boards of directors of Chinese schools will receive RM50mil in direct funding from financial allocation under the economic stimulus package.

Datuk Seri Najib Tun Razak said the move was part of the Barisan Nasional Government’s new policy concerning educational empowerment by channelling the money directly to school directors.

The Deputy Prime Minister said a total of 237 Chinese schools nationwide would first receive a total of RM27mil, adding that the rest would be given out in due time.

“The funding includes various payment for development, improvement works and equipment purchases.

“Religious schools have already received the money while missionary and Tamil schools will get theirs next. I will go to Sabah and Sarawak later to hand over the funds.

“All the allocations should be used by the end of the year,” he told reporters after handing over the funding to representives of Chinese schools at SJK © Chee Wen, Subang Jaya, yesterday.

Najib, who is also the Finance Minister, announced in November last year that RM200mil would be given out to Chinese, Tamil, religious and mission schools under the Government’s stimulus package.

The direct allocation was the biggest test of trust given by the Government to the boards of directors of Chinese schools, he said.

He said he had mulled over the idea with Cabinet members and had strong support from Education Minister Datuk Seri Hishammuddin Tun Hussein, and the presidents of MCA and Gerakan.

“I had always wanted to see that there should be value for money in development projects. I decided that this is the right time to present to the Cabinset the idea of direct funding for the schools,” he said.

Najib said a positive outcome of providing direct allocation to Chinese schools was that the school board members could choose the best contractors who could build at cost.

Earlier, in his speech, Najib said Malaysia practised the concept of “democratisation of education,” in which everyone should be given a minimum 11 years of quality school education.

He added that Malaysia was unique as unlike Indonesia or Thailand, Malaysians could choose his or her own type of school to go to.

“While this presents its own set of challenges and complexities, the basis of educational democracy is strong,” he added.

This post has been edited by SKY 1809: Jan 16 2009, 04:11 PM

Central Bank is expected to cut rate by 50pts on 21/1

Sometimes, losing making oneself to be more humble. Less aggressive in a way. Or 51 years old policies needed to be overhauled.

Not totally a bad thing. Look at the bright side.

This post has been edited by SKY 1809: Jan 18 2009, 12:22 AM

Yes, I agree with you.

If these things were to happen in Year 2008, and together with recently reported Billions of losses from Citigroup and Bank of America, Dow could lose easily 500 pts a day or more.

For Dow to gain 60 pts is actually a miracle. And strangely , people are selling treasury bills, and putting into riskier assets.

Too much expectations from Dow this time

This post has been edited by SKY 1809: Jan 18 2009, 12:59 AM

Maybank Investment Bank reiterates 'hold' rating on the stock

TENAGA Nasional Bhd, Malaysia’s state-run power utility, may post a quarterly loss of RM1 billion (US$280 million) after a weaker ringgit increased foreign debt costs, Maybank Investment Bank Bhd said.

The Kuala Lumpur-based electricity provider, announcing results for the three months ended November 30 today, may incur foreign-exchange losses of about RM1.4 billion for the quarter, Ong Chee Ting, an analyst at Maybank, said in a report. Tenaga made RM1.51 billion in profit a year earlier.

“While these losses are not immediate cash outflows to Tenaga, their enormity is likely to spook investors,” Ong said. Slowing demand for power in Malaysia in the global recession and higher average coal costs also weighed on earnings, he said.

Debt denominated in foreign currencies, mostly the US dollar and the Japanese yen, accounted for almost half of Tenaga’s borrowings of 22.7 billion ringgit last fiscal year. The ringgit has lost 9.2 per cent against the dollar in the past six months and declined 23 per cent against the yen.
Maybank cut its earnings forecasts for Tenaga for the years ending August 2010 and 2011 by between 22 per cent and 24 per cent. Ong reiterated his “hold” rating on the stock.

Tenaga shares rose 0.8 per cent to RM6.05 at 9:55 am on the Kuala Lumpur stock exchange. The stock is down 3.2 per cent this year compared with the 2.1 per cent gain in Malaysia’s benchmark index. - Bloomberg

Is it Ramunia better than Citigroup ( losing less in term of losses )

This post has been edited by SKY 1809: Jan 19 2009, 01:54 PM

I know PA stands for Personal Accident only

I try not to focus too much on stock market, sometimes no returns.

This post has been edited by SKY 1809: Jan 19 2009, 05:59 PM

I sold some and keep a little bit, kind of buying insurance ( black jack ).

Thanks a lot.

Gooooood Luck .

---

Added on January 19, 2009, 6:10 pmDo not put too much pressure on Adam and his crystal ball.

Otherwise it would crack.


This post has been edited by SKY 1809: Jan 19 2009, 06:10 PM

I do not think FA is perfect in Malaysia either.

WE buy on rumours and sell on news ( if there is an actual takeover ) .

The best is let the rumour be rumour until it is overbought.

Anyway, thanks for your analysis.

Good Luck.

This post has been edited by SKY 1809: Jan 19 2009, 06:44 PM

TM is strong or not depends on its ability to pay the promised dividends, failing which.....................

You sound more like a BIG FISH , probably can write a good book too.

Smaller fishes would buy from you.

This post has been edited by SKY 1809: Jan 20 2009, 02:06 PM