I cannot get into internet for 3 days already! Just got the line back 5 minutes ago.
Streamyx is so lousy under TM. Management is so poor. They have cable problems all the time, and now is problem to login into certain websites!

just as the interest rates are nearing 0%, now is 2%,
am wondering are you guys thinking of taking out your fixed deposit to buy shares?

yeah... even my xtra funds I'm still hesitating to pour into the market, because am concern that the next few quarters financial results may be worse than this time's. If so, the dividends received may not even be enough to cover the capital loss.

Uchitec sounds good though.

---

Added on February 26, 2009, 3:36 pmvery rich -lar you...


This post has been edited by sharesa: Feb 26 2009, 03:36 PM

Uchitec just announced 6c tax-exempt dividend. It had one dividend payment of 6c on Dec 2008. Learned this counter thru Kinwawa

It manufactures controller modules for electrical goods.

how nice... wish I had followed your footsteps when you first bought

---

Added on February 26, 2009, 11:49 pmthis counter sounds like another good pick!
Their financial results just released, better than last year..... dividends should be good.

This post has been edited by sharesa: Feb 26 2009, 11:49 PM

whether it's time to dig out the fixed deposits for shares:
2 sides of an opinion, interesting as a food for thought

This post has been edited by sharesa: Feb 27 2009, 07:54 AM

If you intend to buy other counters that you think may rise(no guarantee), then you should sell KNM now.
But , if you sell KNM now @ 0.37, then, buy back around 0.33 - 0.37, you will lose out on commission + other charges.
Unless you predict its gonna drop till 0.20, then buy back around that price if you feel it will rise back.
Otherwise, hold on to it.
Juz my opinion.

talking about the only 0.1% growth, I was suspecting probably 0% growth in last quarter 2008, but that will mean recession ringing in our ears in next quarter! Play with numbers.

some repair on damages in progress

[quote=espree,Mar 4 2009, 02:20 PM]

---

Added on March 4, 2009, 1:59 pm

Aiya, local bank also got lar, as same as ordinary opening account process.

[/quote]

I have some pounds, do you think I can open fd for my money?

[/quote]
you can open FD for Pounds using MYR , as the bank will do the exchange using the board rate. Not using your own Pounds directly.

good for you with successful switches,

who can predict whether a counter can go up? All shares have potential to go up or down.
Up to us to analyse.

congrats
belanja, belanja......

Can RM50 billion ward off recession? Maybe not
KUALA LUMPUR, March 10 – The Malaysian government is set to announce its largest ever stimulus package of more than RM50 billion this afternoon.

But even the administration concedes that this infusion of cash, tariff cuts, retraining grants may not be enough to stave off a recession this year.

Sources told the Malaysian Insider that in addition to the RM10 billion to be spent by the government to stimulate the economy, today’s package could also include tax and tariff cuts, suspension of employer contributions to several funds, all of which will add more than RM40 billion of liquidity to the market.

The government hopes that this stabilization package will reduce the cost of doing business and encourage employers to retrench workers only as a last resort. As many as 200,000 Malaysians are expected to be laid off work in 2009, as companies in the manufacturing and logistics sectors hit by falling demand close their shutters.

The mini-budget will be presented at a special Cabinet meeting today before Finance Minister Datuk Seri Najib Tun Razak tables it in Parliament this afternoon.

Perhaps as important as the numbers and the size of the budget will be stark scenario that Najib will sketch today. The government has maintained for months that the Malaysia will still experience growth despite the global slowdown.

As recently as a month ago, the official position was that the growth would still be around the 3.5 per cent announced by Najib when he unveiled the first RM7billion stimulus package.

But privately, Ministry of Finance and Economic Planning Unit officials have revised growth figures since January to between 0.5 per cent and 1.5 per cent on the back of worsening economic data from Malaysia’s main trading partners and export nations.

Since then, the news around the world has become worse. On Monday, the World Bank said that the world is on track to post its worst performance since the Great Depression, with developing countries bearing much of the economic pain.

“The global economy is likely to shrink this year for the first time since World War II,” the bank said, noting that global industrial production, by the middle of 2009, could be as much as 15 per cent lower than in 2008.

Based on those projections, world trade is on track to record its largest decline in 80 years, with the sharpest losses expected in East Asia.

The World Bank, which helps finance the debt of developing nations, says the financial crisis will have long-term implications for them.

“Many institutions that have provided financial intermediation for developing country clients have virtually disappeared. Developing countries that can still access financial markets face higher borrowing costs, and lower capital flows, leading to weaker investment and slower growth in the future,” the bank said.

Government sources said that the administration did not paint the worst case scenario as done by Singapore and several other countries because the structure of the Malaysian economy is different from their neighbour down south and not as exposed to the gyrations of the global economy.

In addition, until recently, there was little evidence that recession would visit Japan and several other markets for Malaysian goods and services so quickly and in such a devastating fashion.

And most importantly, the consensus among Prime Minister Datuk Seri Abdullah Ahmad Badawi, Najib and other members of the Cabinet was that bad news should be managed well to prevent a plunge in consumer spending.

A senior government official told The Malaysian Insider: “The view was that Malaysians are by nature a pessimistic group and could overreact, making the recession a self-fulfilling prophecy.”

Not everyone in the government agreed with this approach but as long as Abdullah and Najib kept to this line, others followed suit, regardless of how ridiculous it made them sound.

Despite efforts by some bloggers to paint Najib as a renegade who has been prepared to call a spade a spade in this economic crisis, he was very much part of the team that believed in staying on message.

Only in recent weeks has he signalled a willingness to paint a dire picture of the Malaysian economy. But even then, he and other ministers have been reluctant to admit the possibility of the economy entering negative territory.

At a briefing for senior editors last night, Najib sketched a gloomy scenario for Malaysia in 2009 and said that recession was a possibility, given the waves of continuous bad news from around the world.

Today, the country’s next prime minister will paint this dark picture for the rest of the country. His job in the coming weeks and months will be to convince Malaysians that his administration has the tools and ideas to alleviate the pain and suffering on main street.

Singapore's Lee Kuan Yew just mentioned today that their GDP may hit -10%. They have been transparent and realistic!
Unlike us, -0.1% and +0.1% seems like an illusion.

tomorrow, Construction, plantation and property stocks should be up.

they will advertise in newspapers.
Recently there was a 5 year 5% goverment bond for above 50 years old.

Published: Wednesday March 11, 2009 MYT 11:54:00 AM
KLCI rebound likely not sustainable
By Fintan Ng


KUALA LUMPUR: The KLCI rebound in morning trade Wednesday may not be sustainable going forward as fundamentals are still weak despite the announcement of an RM60 billion stimulus package yesterday.

AmResearch Sdn Bhd said the stimulus package “is not likely to trigger a re-pricing of growth expectations anytime soon given elevated aversion to risk”.

It said the package would mitigate some concern over a deepening of an impending recession further out.

HwangDBS Vickers Research Sdn Bhd said the KLCI rebound “will probably be less forceful after falling less than its regional peers in recent weeks”.

It added that much would also depend on the reaction to the package, as investors digest the probable implications on individual industries such as construction, property and banking.

Meanwhile, the region’s main indices were in positive territory after a strong close on Wall Street yesterday after Citigroup Inc chief executive officer Vikram Pandit said the bank was “having its best quarter since the third quarter of 2007”.

At 11.15am, the KLCI was up 0.56% to 860.01 while Singapore’s Straits Times Index rose 1.76% to 1,511.94.

Tokyo Nikkei 225 advanced 4.01% to 7,338.16 and Hong Kong’s Hang Seng Index climbed 3.83% to 12,141.41.

Shanghai’s A share index was up 0.69% to 2,173.56 while Seoul’s Kospi Indx rose 2.81% to 1,122.86.

At Bursa Malaysia, 190 counters were up, 113 were down and 201 others were traded unchanged. There were 152.18 million shares traded with a total value of RM210.18 million.

Among active stocks, BCHB and UEM Land were unchanged at RM6.20 and 72.5 sen respectively. MRCB was up 1 sen to 84 sen while TM International rose 10 sen to RM2.65.

MISC was 20 sen higher at RM8.45 while its foreign tranche rose 10 sen to RM8.30. IJM was up 14 sen to RM3.76, Tanjong fell 20 sen to RM14.40 and United Plantation dropped 10 sen to RM10.70.

Crude palm oil 3-month futures was down RM1 per tonne to RM1,994. Nymex crude oil in electronic trade was 11 cents higher at US$45.82 per barrel.

Spot gold fell US$3.09 to US$895.06 per ounce.

The ringgit was quoted at 3.686.

So far , the news reported yes. Be prepared to wait a long queue!