tag:blogger.com,1999:blog-4920474016340790802024-02-21T13:02:42.031+08:00Roller Coaster Journey to Financial FreedomA journey full of ups and downs, twist and turns in share marketXabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-492047401634079080.post-62463355959940541022010-12-31T22:14:00.000+08:002010-12-31T22:14:01.507+08:00HAPPY NEW YEAR 2011!<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKiH6jWCaIB5ZLFZ8qnhx2oBG1FZkQj2aYJKpdwrbC-ZqVMhCLtTzkATMMaxFt6-J4mKu1LP_bLAPJDhSphza6aViZVqjPvU2eMsXTg-HLJhkWm9v0tVfeg3Y1FQFwnmChWAscpPxK1MQ/s1600/HNY2011.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKiH6jWCaIB5ZLFZ8qnhx2oBG1FZkQj2aYJKpdwrbC-ZqVMhCLtTzkATMMaxFt6-J4mKu1LP_bLAPJDhSphza6aViZVqjPvU2eMsXTg-HLJhkWm9v0tVfeg3Y1FQFwnmChWAscpPxK1MQ/s400/HNY2011.JPG" width="400" /> </a></div><div class="separator" style="clear: both; text-align: center;"><span style="color: blue; font-size: xx-small;">Numbers taken from http://www.thisnext.com </span></div><br />
Wishing everyone have a great health and wealth in 2011!<br />
<br />
<span style="font-size: x-small;">p/s: sorry for the crap design using paintbrush. </span>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-25795471844709496092010-11-29T01:35:00.000+08:002010-11-29T01:35:40.838+08:00Offshore Support Vessels (OSV) - Current Outlook<!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <w:DontGrowAutofit/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" LatentStyleCount="156"> </w:LatentStyles> </xml><![endif]--><!--[if !mso]><img src="http://img2.blogblog.com/img/video_object.png" style="background-color: #b2b2b2; " class="BLOGGER-object-element tr_noresize tr_placeholder" id="ieooui" data-original-id="ieooui" /> <style>
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<div class="MsoNormal">As three O&G support companies Coastal Contracts, Alam Maritim and Sealink highlighted in previous post involve in Offshore Support Vessels (OSV), it is important to know more about the outlook of the OSV in general. </div><div class="MsoNormal">Below best illustrated the driving force of the demand of OSV and its current scenario.</div><div class="MsoNormal"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisVZnIhAy-pBEoDe4EQg_rHmd0jSzZdc6uU_eDOddny90uNdtK3vQPvUsQ0hmiiryxmlrHu912vrm1_PC5Dhj46QIYAwcXzr53mK4K0bUvtPjCOraCvnY80uVhQu0SUXm_pu6icNk8mB8/s1600/Market+Driver.GIF" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="296" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisVZnIhAy-pBEoDe4EQg_rHmd0jSzZdc6uU_eDOddny90uNdtK3vQPvUsQ0hmiiryxmlrHu912vrm1_PC5Dhj46QIYAwcXzr53mK4K0bUvtPjCOraCvnY80uVhQu0SUXm_pu6icNk8mB8/s400/Market+Driver.GIF" width="400" /></a></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal" style="color: blue;"><span style="font-size: x-small;"> Source: P<span class="text1">resented at Tugs & Offshore Support Vessels (TOSV) Asia 2010, </span><strong> </strong></span></div><div class="MsoNormal" style="color: blue;"><span style="font-size: x-small;"><strong> Kuala Lumpur</strong><strong style="font-weight: normal;">, Oct 07 & 08, 2010 by Mantrana Maritime Advisory</strong></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">The oversupply of OSV is still the biggest issue currently which affecting the order of new OSV and the chartering rate. Latest earning reports of Alam Maritim and Tanjung Offshore which mainly deriving their earning through chartering of OSV is disappointing. Although Coastal Contracts, with shipbuilding as their main contributor, announcing a good set of quarterly earning, there are still no announcement of new order received since 2008. </div><div class="MsoNormal">So, would you still bet on these three stocks? Or which of these three would be your best bet? Please exercise your own judgment.</div>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-32590658139502737282010-11-25T22:34:00.001+08:002010-11-25T22:46:00.423+08:00Oil & Gas - Sector in Focus<div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">Would the news below stimulate the oil & gas sector?</div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><span style="color: red;">Prime Minister Datuk Seri Najib Tun Razak is expected to announce on Nov 30, new development projects as well as several entry point projects (EPPs), that will boost the oil, gas and energy sector. </span><br />
<span style="font-size: x-small;">Read more: <a href="http://www.btimes.com.my/Current_News/BTIMES/articles/20101125142859/Article/index_html#ixzz16IkVn500" style="color: #003399;">Najib to announce ETP projects on Nov 30</a> <a href="http://www.btimes.com.my/Current_News/BTIMES/articles/20101125142859/Article/index_html#ixzz16IkVn500" style="color: #003399;">http://www.btimes.com.my/Current_News/BTIMES/articles/20101125142859/Article/index_html#ixzz16IkVn500</a></span></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><span style="color: red;">Malaysia will soon become one of the world's four deepwater oil and gas (O&G)hubs, standing shoulder-to-shoulder with industry leaders like the United States, Brazil and Europe.</span><br />
<span style="color: red;">Prime Minister Datuk Seri Najib Tun Razak said the Asia-Pacific region has seen increased interest in deepwater development and Malaysia is already at the forefront of this development.</span><br />
<span style="font-size: x-small;">Read more: <a href="http://www.btimes.com.my/Current_News/BTIMES/articles/20101125164710/Article/index_html#ixzz16IpJnzN7" style="color: #003399;">'Malaysia to be a global deepwater O&G hub'</a> <a href="http://www.btimes.com.my/Current_News/BTIMES/articles/20101125164710/Article/index_html#ixzz16IpJnzN7" style="color: #003399;">http://www.btimes.com.my/Current_News/BTIMES/articles/20101125164710/Article/index_html#ixzz16IpJnzN7</a></span></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><div class="MsoNormal">After scanning few O&G support company, I found few companies still trade at 52 weeks low. Mind you, there are not loss making money companies but very much in profit. It maybe due to certain fundamental issue or they have been off the radar of investors. Below are the charts (copy from tradesignum.com) of the three companies with their previous earnings reported.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u>Coastal (Current Price: 2.31)</u></b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5DbttQSU0kUO-qTLpmpt5m2k33pee9-E8aMgYXGCu0Mf-_pr-9tgK8QSjnpkm434veOAKh4usz0gGrR7IXt-nf49RLf7QQRnFZPKgQn-vpHZ8OGVrZtv-mYivXYiCoayk0dPx9Adca6g/s1600/Coastal1.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5DbttQSU0kUO-qTLpmpt5m2k33pee9-E8aMgYXGCu0Mf-_pr-9tgK8QSjnpkm434veOAKh4usz0gGrR7IXt-nf49RLf7QQRnFZPKgQn-vpHZ8OGVrZtv-mYivXYiCoayk0dPx9Adca6g/s400/Coastal1.JPG" width="400" /></a></div><br />
<div class="MsoNormal"><u><b>Alam (Current Price: 1.14)</b></u></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPk-Q6Mz1JT8ZyHsHDBu8dbXJVJPQDaDGTvbpczOqvqsBZO4f-Rerf8LukW-JwuLbfb4ET73MmXgRuqYiiUufAiX8kppgJ2uNGF0n9wgblIBB1b9jKf8T5ivayQiRBcMKe_0AeWzHtzqY/s1600/Alam1.GIF" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPk-Q6Mz1JT8ZyHsHDBu8dbXJVJPQDaDGTvbpczOqvqsBZO4f-Rerf8LukW-JwuLbfb4ET73MmXgRuqYiiUufAiX8kppgJ2uNGF0n9wgblIBB1b9jKf8T5ivayQiRBcMKe_0AeWzHtzqY/s400/Alam1.GIF" width="400" /></a> </div> <span style="font-size: x-small;"><br />
</span></div></div></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><b><u> Sealink (Current Price: 0.615)</u></b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGRRU_cYGGYqWp0f4yaxWtA4-F4ufN2QKtBQPDY7PmefpihPcdkd977KsFLSRol7Iie1YKNW8QRYPiLTFjMeUPOOXJFzmJ4udKaQCTAt31anu2T5LrnPJLQjC7ZHZG7ALT0pBS6ugRF6M/s1600/Sealink1.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGRRU_cYGGYqWp0f4yaxWtA4-F4ufN2QKtBQPDY7PmefpihPcdkd977KsFLSRol7Iie1YKNW8QRYPiLTFjMeUPOOXJFzmJ4udKaQCTAt31anu2T5LrnPJLQjC7ZHZG7ALT0pBS6ugRF6M/s400/Sealink1.JPG" width="400" /></a></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">It would be too simplistic to decide based on the chart and earning but it do tell a small part of the story for you to continue researching it. Please do check on the business, management, balance sheet, Cash Flow, etc or seek the advise from your investment adviser.<b><u><br />
</u></b></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"></div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><div class="MsoNormal"><br />
</div> <br />
</div></div>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-91542945299215941872010-11-20T12:38:00.002+08:002010-11-20T12:39:29.974+08:00Reinsurance?<div class="MsoNormal">In my 12 years of investing, I only bought two stocks related to financial or insurance industry. The reason is that I have problem understanding their financial statement. </div><div class="MsoNormal">Lately, I try to look into <b>MNRB</b>, a reinsurance company. </div><div class="MsoNormal" style="color: blue;">According to Investopedia, Reinsurance is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement in order to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. The intent of reinsurance is for an insurance company to reduce the risks associated with underwritten policies by spreading risks across alternative institutions.</div><div class="MsoNormal">In simpler term, reinsurance is insurance bought by the insurance company to transfer part of the risk to the other parties.</div><div class="MsoNormal">After getting to know their core business, I have to bypass this company simply because it will be much harder for me to understand their business as the formula below,</div><div class="MsoNormal"><br />
</div><div class="MsoNormal" style="color: red;"><span style="font-size: large;">Reinsurance = Insurance x Insurance = Insurance<sup>2</sup></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">For those interested to know more about this business, you can read the article on reinsurance <a href="http://www.investopedia.com/articles/pf/08/reinsurance.asp">here</a>. </div><div class="MsoNormal"><br />
</div><div class="MsoNormal">After reflecting for a while, my problem may be due to the lack of knowledge from my part where the understanding of the technical term like ROE came into play as in my previous <a href="http://xabiespara.blogspot.com/2010/11/common-sense-investing.html">post</a>. </div>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-61228601489838057562010-11-18T00:55:00.000+08:002010-11-18T00:55:16.655+08:00Common sense investing<!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <w:DontGrowAutofit/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" LatentStyleCount="156"> </w:LatentStyles> </xml><![endif]--><!--[if gte mso 10]> <style>
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<div class="MsoNormal">I have a great discussion with one of my analyst friend regarding my analysis of stocks. He found that my analysis is too simplistic. He mentioned that I do not take into account those ROE, CAGR, and some other fancy terms that I myself never heard of. </div><div class="MsoNormal">From my opinion, those terms is for those analyst who want their report to be more professional so that those reader will think that they are knowledgeable and trustworthy. When I analysis myself, I want it to make sense to myself and not complicated it with those terms. I need to know how much cash or assets and liabilities, how much they earn compare to their price and their previous track records. The most important thing is that I need to be comfortable with their business. I even told him that I myself prefer reading analyst from some of the bloggers than those analyst reports. At least it make more sense to me. Picking stocks is hard, why complicated it?</div><div class="MsoNormal"><br />
</div><div class="MsoNormal" style="color: blue;"><span style="font-size: x-small;">In the meantime, I am still looking for those terms that he mentioned. Hmm…probably non-existent as he make up himself… hehe</span></div>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com2tag:blogger.com,1999:blog-492047401634079080.post-19468023294333321052010-11-08T20:27:00.004+08:002010-11-25T22:45:21.834+08:00Lottery strike for EPIC shareholders?<table class="contentpaneopen"><tbody>
<tr><td class="contentheading" width="100%">AZRB to sell 21.26% of EPIC for RM111.5m </td> <td align="right" class="buttonheading" width="100%"><a href="http://www.theedgemalaysia.com/business-news/176706-azrb-to-sell-2126-of-epic-for-rm1115m.pdf" rel="nofollow" title="PDF"></a> </td> <td align="right" class="buttonheading" width="100%"></td> <td align="right" class="buttonheading" width="100%"><br />
</td></tr>
</tbody></table><table class="contentpaneopen"><tbody>
<tr><td valign="top"><span style="font-size: x-small;"><span class="small">Written by Joseph Chin </span> </span></td> </tr>
<tr> <td class="createdate" valign="top"><span style="font-size: x-small;"> Monday, 08 November 2010 18:56 </span></td> </tr>
<tr> <td></td> </tr>
<tr> <td class="article-format" valign="top"><div class="insideArticle"><div class="moduletable-user8ad"><div id="beacon_1140297b96" style="left: 0px; position: absolute; top: 0px; visibility: hidden;"><span style="font-size: x-small;"><img alt="" height="0" src="http://203.115.197.134/edgemyopenx264/www/delivery/lg.php?bannerid=655&campaignid=507&zoneid=29&loc=http%3A%2F%2Fwww.theedgemalaysia.com%2Fbusiness-news%2F176706-azrb-to-sell-2126-of-epic-for-rm1115m.html&referer=http%3A%2F%2Fwww.theedgemalaysia.com%2F&cb=1140297b96" style="height: 0px; width: 0px;" width="0" /></span></div><noscript>&amp;amp;amp;amp;amp;amp;amp;lt;a href='http://203.115.197.134/edgemyopenx264/www/delivery/ck.php?n=a7dd229b&amp;amp;amp;amp;amp;amp;amp;amp;cb=INSERT_RANDOM_NUMBER_HERE' target='_blank'&amp;amp;amp;amp;amp;amp;amp;gt;&amp;amp;amp;amp;amp;amp;amp;lt;img src='http://203.115.197.134/edgemyopenx264/www/delivery/avw.php?zoneid=29&amp;amp;amp;amp;amp;amp;amp;amp;n=a7dd229b' border='0' alt='' /&amp;amp;amp;amp;amp;amp;amp;gt;&amp;amp;amp;amp;amp;amp;amp;lt;/a&amp;amp;amp;amp;amp;amp;amp;gt;</noscript> </div></div><div class="insideArticleCenter"></div><span style="font-size: x-small;">KUALA LUMPUR: AHMAD ZAKI RESOURCES BHD [<span class="load-quotes" id="AZRB_span"></span>] (AZRB) is selling its 21.26% stake in Eastern Pacific Industrial Corporation Bhd (EPIC) for RM111.5 million cash consideration.</span><br />
<span style="font-size: x-small;">AZRB said on Monday, Nov 8 it was selling the stake, comprising of 35.97 million shares, to Lembaga Tabung Amanah Warisan Negeri Terengganu.</span><br />
<span style="font-size: x-small;">“The proposed disposal will result in an estimated gain on disposal of approximately RM11.5 million at group level based on the financial results as at June 30, 2010,” it said.</span><br />
<span style="font-size: x-small;">AZRB said the proceeds from the proposed disposal would be used to repay borrowings and for working capital purposes.</span><br />
<div style="color: blue;"><span style="font-size: x-small;">Source: theedgedaily.com </span></div><br />
<span style="font-size: small;">The price work out to be </span><br />
<span style="font-size: small;">111.5million/35.97million = RM3.10</span><br />
<span style="font-size: small;">Current price (8th Nov 2010): RM2.09 </span><br />
<span style="font-size: x-small;"><br />
</span></td></tr>
</tbody></table>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-16139446475400809942010-11-06T23:12:00.001+08:002010-11-06T23:13:37.524+08:00The Tricycle<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgs4SHzsouNYxXMfAe0IUSKodc_Du3pJMnemCuSBl3I5W7iwYsMwUUo-wzWO6jDyTXw8Tf9aR76TuCzI8XzAGy0m3gJoitiqzXp3OeP2pmHIqXIuJMhUsBzPYNM5basz5rKBAIzXULemq0/s1600/Tricycle.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgs4SHzsouNYxXMfAe0IUSKodc_Du3pJMnemCuSBl3I5W7iwYsMwUUo-wzWO6jDyTXw8Tf9aR76TuCzI8XzAGy0m3gJoitiqzXp3OeP2pmHIqXIuJMhUsBzPYNM5basz5rKBAIzXULemq0/s400/Tricycle.JPG" width="400" /> </a></div><div class="separator" style="clear: both; color: blue; text-align: center;"><span style="font-size: xx-small;">Photo taken from <span class="rg_ctlv"><span id="rg_hr">tinyfarmblog.com</span></span> </span> </div><br />
To be successful in stockmarket, the understanding macroeconomic factors is very important. For a start, we should understand three key cycles that shape the market. The explaination of the three key cycles below is taken from Malaysia Investor <a href="http://www.min.com.my/">website</a> ( alot of excellent articles there).<br />
<br />
<b>Business cycle</b><br />
A business cycle is essentially a recurring and fluctuating levels of economic activity that is experienced by an economy over a long duration and typically encompasses the following:<br />
<ul><li>Recovery <br />
- This is where the economy starts to work its way up to better financial footing after the previous recession period </li>
<li>Expansion <br />
- Here, there would be increasing growth in demand resulting from increased customer confidence </li>
<li>Peak(also known as the economic boom)<br />
- This is where demand surpasses the supply of goods and services in the market, unemployment is low and almost all the production capacity is fully utilised. During this period, we will see increasing inflation rate, which will later trigger central banks to raise interest rate when an economy is deemed to be overheated. </li>
<li>Contraction<br />
- With higher interest rate, we will start to see slow down in capital purchases and inventory build up, followed by slow down in production. This subsequently leads to increasing layoff.<br />
- Depending on the severity, during the contraction period, there could be just a slow down in economic activities or a recession, which is generally defined as negative economic growth for more than two consecutive quarters.<br />
- At the trough of this, what is typically observed are businesses restructuring and consumers clearing off debts which they accumulated earlier. After going through a consolidation period, consumers would regain their confidence and start spending. Then, the cycle begins again.</li>
</ul>However, very much like us human beings, no two business cycles are exactly the same. Even though all cycles might go through the phases described above, the length and width of the cycles are never the same but generally, the expansion period would be more gradual and longer compare to the contraction period.<br />
<b>Interest rate cycle</b><br />
This is a cycle that is closely related to the economic activities. A typical interest rate cycle consists of 4 stages:<br />
<ul><li>A series of rate hikes </li>
<li>A period of stabilisation </li>
<li>A series of rate cuts </li>
<li>A period of stabilisation</li>
</ul>Usually, when a country’s inflation rate rises due to demand-pull pressures, its central bank will raise the interest rate to fight off inflation and cool down the economy. Here, the sectors hardest hit would be banking, automotive and housing, as higher interest rates make loans more expensive. As such, consumers would cut down on purchases from these sectors resulting in the earnings of companies in these industries taking a tumble. As the effect starts to take place with the economy slowing down, the interest rate will be held steady for a while up until a stage where by the economy slow down has gone into a more serious recession. This is when central banks react to lower interest rate to boost up its country’s economic activities. After the economy recovery is in sight, the interest rates would once again, be held steady until the next cycle comes.<br />
However, there are certain times when the above does not happen. There are instances where, even though a country’s inflation goes up high, its central bank holds on to its current interest rate as the reason for the rising inflation was more due to cost-push effect, resulting from sharp increase in fuel price for example, rather than demand-pull pressure.<br />
<b>Stock market cycle</b><br />
A most prominent feature of a stock market cycle is that the stock market cycle moves in tandem with the business cycle, and the former is always ahead of the latter. Why is that so? A very simple reason really - the stock market cycle reflects the overall market expectation on the business performance. Hence, when the market expects an economic boom is coming, before it actually hits, the stock market is already on its way up. The reverse happens before a recession. Therefore, if you trace a stock market cycle, you will see that its peak precedes the actual economic boom while stock market index hits the bottom before our economy goes to its trough. As such, the stock market index functions as an excellent leading indicator for the movements in a particular business cycle.<br />
A typical stock market cycle goes through bull and bear periods. Within the bull period, it can be further classified into early bull, middle bull and late bull before reaching the peak. The same can be seen for the bear period; it consists of early bear, middle bear and late bear before hitting the bottom.<br />
<br />
For the full articles, please go this <a href="http://www.min.com.my/index.php?option=com_content&view=article&id=127%3Athree-key-cycles-that-shape-market-a-sector-trends&catid=31%3Ainvestment-products&Itemid=7&lang=en">link</a>.<br />
<br />
<span style="color: blue; font-size: x-small;">When you are not a prolific writer, what would you do? Just search around for a good article to be posted.. :)</span>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-66493079521265898012010-10-29T13:46:00.000+08:002010-10-29T13:46:48.522+08:00Tough Times Never Last, But Tough People Do!I sincerely apologize after performing David Copperfield's act for 5 months. As in any roller coaster ride, life is full for ups and downs as well but hopefully after some difficult 5 months, everything will be fine. Always reminding myself <span style="color: black;">and hopefully to the readers as well </span>that,<br />
<div style="color: red;"> 'Tough Times Never Last, But Tough People Do!' - Robert Schuller</div><div style="color: red;"><span style="color: black;">Back to my '5 months' interrupted journey to financial freedom, KLSE have been rallying to 1500. So if you are holding stocks that still stand like a rock (ex. Protasco), what would you do? </span></div>For me, I will review back the stocks and if anything changed from the initial reason of buying it. Of course, always reviewing own stock picking is important as well as there are so much that we still need to learn. Learning is an endless journey.<br />
<br />
For the time being, just enjoy as the bull charging.Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-28138192599164119162010-05-02T11:57:00.001+08:002010-05-02T11:57:46.696+08:00Protasco - Updates<table class="contentpaneopen"><tbody>
<tr><td class="contentheading" width="100%"><span style="font-size: large;"><span style="font-size: x-small;"></span><span style="font-size: small;">Protasco just declared a single tier final dividend of 5cents per share for the financial year ended 31 December 2009 bringing the total dividends to 9 cents for year 2009. Based on the current price, the dividend yield is around 9%. A good dividend yield will act as a good buffer and more importantly, putting less stress to your emotional well being if market retrace or come under pressure.</span></span></td><td class="contentheading" width="100%"></td><td class="contentheading" width="100%"><span style="font-size: large;"><span style="font-size: x-small;"></span></span></td><td class="contentheading" width="100%"><span style="font-size: large;"><span style="font-size: x-small;"></span></span></td><td class="contentheading" width="100%"><span style="font-size: large;"><span style="font-size: x-small;"></span></span></td><td class="contentheading" width="100%"><span style="font-size: large;"><span style="font-size: x-small;"></span></span></td><td class="contentheading" width="100%"><span style="font-size: large;"><span style="font-size: x-small;"></span></span></td><td class="contentheading" width="100%"></td><td class="contentheading" width="100%"></td><td class="contentheading" width="100%"></td><td class="contentheading" width="100%"></td><td class="contentheading" width="100%"></td><td class="contentheading" width="100%"></td><td class="contentheading" width="100%"><br />
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</td> </tr>
</tbody></table><div align="justify"> New updates from the HCM Engineering (Protasco's main subsidiary) website below,</div><div align="justify"><br />
</div><div align="justify"> <i><span style="font-size: large;">HCM Arabia to Complete Libya's TBW Project Ahead of Schedule <span style="font-size: x-small;">(source: HCM website) </span></span></i></div><div align="justify"><i>HCM Arabia (HCMA) is expected to complete its Tarhona-Ben Waled (TBW) road maintenance project ahead of schedule. It wants to hand it over to Libya’s Road and Bridges Authority (RBA) before the country’s 41st Al-Fatah Revolution Anniversary. </i></div><div align="justify"><i>HCMA is wholly-owned by HCM Engineering Sdn Bhd.</i></div><div align="justify"><i>In an interview, HCMA Director Dr Akram Agil said it is expected to be completed in early August 2010. The Anniversary falls on 1 September. He added that this would also put the company in a favourable position to secure a new tender to expand the 88km single carriageway to a dual carriageway.</i></div><div align="justify"><i>Dr Akram’s smile has an unmistakable positive signal…</i></div><div align="justify"><i>First, in respect of logistics, experience, base camp, staff, asphalt and quarry, HCMA is undoubtedly entrenched there. Second, it has the biggest fleet of machinery among the road players in Libya. Last count: 9 pavers, 1 CR 2200, 5 milling machines and 29 rollers.</i></div><div align="justify"><i>The TBW project started mainly using the traditional mill and pave technique. However RBA was very pleased with a 10 km-trial using the Cold In Place Recycling (CIPR) method that they asked HCMA to subsequently do another 58 km stretch using CIPR which has now been completed.</i></div><div align="justify"><i>Again it was a hit! </i></div><div align="justify"><i>The client then asked HCMA to introduce CIPR at another ongoing project. Thus the upgrading of 40km of the 90km dual carriageway Tripoli Gharian (TPG) road maintenance project will be carried out using the CIPR technique. HCMA provides technical assistance for this project. Its main contractor is Libyan Malaysian Company for Road and Construction (LMCRC). The latter is 51% owned by Libya’s Real Estate Investment Company (REICO) and 49% owned by HCM Ikhtisas. TPG is scheduled to finish in March 2011. </i></div><div align="justify"><i>HCMA General Manager, En Mohd Nasir Hassan said he believes that TBW Phase 2 project augurs well for HCM Engineering and the friendly relationship between Libya and Malaysia. Concurs Dr Akram, “ Libyans love Malaysia. It is a Muslim country which they have heard a lot. They like (former premier) (Tun) Dr Mahathir Mohamad. Many of them have also been to Malaysia as tourists and for medical treatments.” </i></div><div align="justify"><i>Working in a foreign land is not without challenges. </i></div><div align="justify"><i> Even so, En Nasir said HCMA workers have generally managed to overcome the test in Libya. He said, “Sandstorms, rain, occasional machine breakdown and language barrier are no obstacles when we approach them positively. Through mutual understanding, teamwork, ingenuity, discussions and negotiations with the parties involved amid sound relationship with the Libyans, we are proud to be associated with useful road projects for the benefits of both countries.”</i></div><div align="justify"><i>Dr Akram also attributed the workers’ adaptability to the family-like working environment which has been inculcated in Libya. Said he, “ We have regular gatherings with the site people. They have access to top management.” Besides, the Malaysian workers love Libyan food and they are also prepared to learn Arabic on-the-job. </i></div>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com1tag:blogger.com,1999:blog-492047401634079080.post-62803739580670783112010-04-25T23:14:00.000+08:002010-04-25T23:14:41.825+08:00Controlling the ControllableJust a very short post.<br />
Instead of focusing on when the market will have a correction, or will the rally last, we should focus on our own risk and expectation.<br />
We could not control the direction of market but we can control our risk and our expectation. <br />
It's all about <b style="color: red;">Controlling the Controllable</b>!Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com1tag:blogger.com,1999:blog-492047401634079080.post-58916475532561930542010-04-20T23:19:00.000+08:002010-04-20T23:19:06.144+08:00Mamee ! Double Decker, Double DeckerAfter scanning through the Putra Brand Awards 2010, I would like to announce my winner for <b><i>Xabi Branded Stock Award 2010</i></b>....<br />
<br />
The winner is..... Mamee Double-Decker Bhd !<br />
<br />
Reason 1 - Good Earnings vs Price<br />
<div class="separator" style="clear: both; text-align: center;"></div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzps7GOuoCiIZpdrwUXZxn2KfiRbSB7T3u5dpMp-asJL-azYohFNJKsjRSFF_DDu4AdJCAiKZgplukgkBOUkPn_q5AQSocR-5FUzQfkiw8Re0UbTCQWLUvWjd8SJIuqm-TBNTvc_p_RKc/s1600/Mamee+4Q09.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzps7GOuoCiIZpdrwUXZxn2KfiRbSB7T3u5dpMp-asJL-azYohFNJKsjRSFF_DDu4AdJCAiKZgplukgkBOUkPn_q5AQSocR-5FUzQfkiw8Re0UbTCQWLUvWjd8SJIuqm-TBNTvc_p_RKc/s320/Mamee+4Q09.JPG" width="320" /></a></div>Reason 2 - Good Balance Sheet (almost zero borrowings) although not comfortable with the investment.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_bO-nojFQhJLSknMebkKtb0PxVlGIUgsEoStT_Ke7kjBRlQmGzNWVBPbZKqA92HOpW8YriODvvohhHDEszznKsYHaeOYD2VyLZqoIP558lalu7Arr_83gfbU9s8woEOgInSMH5s0938o/s1600/BS%20Mamee%204Q09.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="244" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_bO-nojFQhJLSknMebkKtb0PxVlGIUgsEoStT_Ke7kjBRlQmGzNWVBPbZKqA92HOpW8YriODvvohhHDEszznKsYHaeOYD2VyLZqoIP558lalu7Arr_83gfbU9s8woEOgInSMH5s0938o/s320/BS%20Mamee%204Q09.JPG" width="320" /></a></div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDQFDVLl_fspjrc4MITlNyAHasIZNTCtdx2yD4GvOBa98fbEpqt2scGINujfgu1n_Voo_tM6YZWbk7rI7VbsvuY0ln4d5oCxB49HASa4SNMDe3tQNDR8a5zqu7vWeL04oMLd3560vhXgA/s1600/Mamee+Main+Saham.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDQFDVLl_fspjrc4MITlNyAHasIZNTCtdx2yD4GvOBa98fbEpqt2scGINujfgu1n_Voo_tM6YZWbk7rI7VbsvuY0ln4d5oCxB49HASa4SNMDe3tQNDR8a5zqu7vWeL04oMLd3560vhXgA/s320/Mamee+Main+Saham.JPG" width="320" /></a></div>Reason 3 - Dividend policy of distributing 50% of net profit. (Calculate the DY yourself)<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-FCyAA1GmVKhNNM0dnsHyGGCj2bcNOhsgMqQmmLWF8VSF000VGKNTL6B0QQ-NN8hL93ZmbAmRVKmbuuUlyzljchdKtulum1OCCSop1aAxL0VyalytvLf2wSZoQiHRIBlc_J9nHvI93TY/s1600/Dividend.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-FCyAA1GmVKhNNM0dnsHyGGCj2bcNOhsgMqQmmLWF8VSF000VGKNTL6B0QQ-NN8hL93ZmbAmRVKmbuuUlyzljchdKtulum1OCCSop1aAxL0VyalytvLf2wSZoQiHRIBlc_J9nHvI93TY/s320/Dividend.JPG" width="320" /></a></div>Reason 4 - Good Mission and Vision<br />
<div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvs0Vgn0xao6FJ58xR6DjFKHwPhzqVe4HcLyhmGCCwEicMnUfhjsYSKt35X7LqisRKQiQ2oamhyphenhyphenPOohD6guBYAoZhx85NZhoCAMsUlSK2Q7j-mBnGATQM8VugjZolmKLFd72Ai-SAyneM/s1600/Mamee+Vision.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvs0Vgn0xao6FJ58xR6DjFKHwPhzqVe4HcLyhmGCCwEicMnUfhjsYSKt35X7LqisRKQiQ2oamhyphenhyphenPOohD6guBYAoZhx85NZhoCAMsUlSK2Q7j-mBnGATQM8VugjZolmKLFd72Ai-SAyneM/s320/Mamee+Vision.JPG" width="320" /></a></div><br />
Reason 5 - I really like their snacks and drinks... yummyyyy<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSXdK5yyvUU-rBmMgnTOhlfs_7NG1xOvS60F4OwShEQr0M7UQZ9QyuUfI3pHDnVJofR2hYBP3oQyJb0DVLhWAcpFahQrN2VHyrlW3gfvmlVU_dYIL5RjNS__FlJUyRtLt4i8almjDR_ko/s1600/Mamee%20Photos.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="173" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSXdK5yyvUU-rBmMgnTOhlfs_7NG1xOvS60F4OwShEQr0M7UQZ9QyuUfI3pHDnVJofR2hYBP3oQyJb0DVLhWAcpFahQrN2VHyrlW3gfvmlVU_dYIL5RjNS__FlJUyRtLt4i8almjDR_ko/s320/Mamee%20Photos.JPG" width="320" /></a></div><br />
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Happy Investing!Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-52927659105556971042010-04-16T22:25:00.000+08:002010-04-16T22:25:00.191+08:00Branding<strong></strong><i>A <b>brand</b> is a name, sign, symbol, slogan or anything that is used to identify and distinguish a specific product, service or business. (Wikipedia)</i><br />
<br />
<strong>Branding</strong> is used in businesses and organizations of all sizes and types. Some companies allocate a large sum of money just for the branding purposes.<br />
Why is it important? Because Branding separate one from their competitors.<br />
When we (consumers) think of certain product, we will unconsciously associate it with certain brand and preference will be definitely given to the brand. <br />
Since branding is so important, I try to search for good businesses with good branding selling at fair price. From the below list of winners in Putra Brand Awards 2010, do we able to find it?<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUha71w9F-kzEP6UZVnR9MKxymWx_pmj9jmbQY4CHa6x5MAp4wUMWuHXdMhnvkJkwNx8Y8EWwfJlJa33U5luaPAIOe3FjFBUxqPOlJeiXmpRprtHyPc1nI18BIVNODPMb866nJ3kF6wlc/s1600/PutraBrand1.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUha71w9F-kzEP6UZVnR9MKxymWx_pmj9jmbQY4CHa6x5MAp4wUMWuHXdMhnvkJkwNx8Y8EWwfJlJa33U5luaPAIOe3FjFBUxqPOlJeiXmpRprtHyPc1nI18BIVNODPMb866nJ3kF6wlc/s320/PutraBrand1.JPG" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlZec2Lk8F4UATfvp2v88y5pYwCEnv_r40Qu26wnMsA9FH1NjKykYfdF-OmOAYzaZcimYLr8HfQ0ZrqUIBQrSoKQVL29Be0t0SYzYVQhv9rfgYjqAnu6bJdrabBTFjKEGeY1hMwWTjyBY/s1600/PutraBrand2.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlZec2Lk8F4UATfvp2v88y5pYwCEnv_r40Qu26wnMsA9FH1NjKykYfdF-OmOAYzaZcimYLr8HfQ0ZrqUIBQrSoKQVL29Be0t0SYzYVQhv9rfgYjqAnu6bJdrabBTFjKEGeY1hMwWTjyBY/s320/PutraBrand2.JPG" /></a></div> <span style="font-size: xx-small;"><i>Source: AAAA website</i></span><br />
<br />
For full list, you can visit,<br />
<a href="http://www.aaaa.org.my/v2/index.php?option=com_content&view=article&id=282:putra-brand-awards&catid=63:putra-brand-awards&Itemid=66">Putra Brand Awards 2010 </a>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-75917057519240061322010-04-10T21:57:00.001+08:002010-04-10T21:58:43.013+08:00When you have nothing to do, read books!<div class="separator" style="clear: both; text-align: center;"></div>As the market going higher, it is getting tougher to find undervalue stocks. For the time being, I would try to gain more knowledge by reading more books. <br />
For those who thinks that books are expensive, you can try to visit <b>BookXcess</b> (Amcorp Mall). You could get at least 50% cheaper than those found in other bookstore. The only downside is that the choice is limited. Recently, they moved to a larger store which is much more comfortable and significant increase of books selection as well.<br />
Before visiting their store, you could check those title available through their <a href="http://www.bookxcess.com/">website</a>.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJgkU19SzRvtfyKDiqyczMLXZkKJMT8ATAkU4eoMGZNfepxCgmupGOBHwEpyU27fiBK_5BWFlil47sUlOR_RogJkt6TXkwZwX4Bygq6WzCD5XXA8F0vaBQif2kHmdcmsgKWfvNuFXbpUg/s1600/DSC00688.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJgkU19SzRvtfyKDiqyczMLXZkKJMT8ATAkU4eoMGZNfepxCgmupGOBHwEpyU27fiBK_5BWFlil47sUlOR_RogJkt6TXkwZwX4Bygq6WzCD5XXA8F0vaBQif2kHmdcmsgKWfvNuFXbpUg/s320/DSC00688.JPG" width="320" /></a></div> <i>I purchased this hardcover book for only RM24.50. </i><br />
<br />
I learned the hard and expensive lesson of going to sharemarket without any knowledge. Please do not follow my footsteps. Instead of paying the expensive 'tuition' fees, you could purchase tons of books for your own knowledge.<br />
Even if you think that those books are worthless, at least you have tons of paper to burn rather than few pieces of worthless Contract Note. :)Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-21165493811386415582010-04-05T10:09:00.007+08:002010-04-05T20:28:27.508+08:00Palm Oil - Basic Information<meta content="text/html; charset=utf-8" http-equiv="Content-Type"></meta><meta content="Word.Document" name="ProgId"></meta><meta content="Microsoft Word 11" name="Generator"></meta><meta content="Microsoft Word 11" name="Originator"></meta><link href="file:///C:%5CDOCUME%7E1%5Cwl.lai%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C01%5Cclip_filelist.xml" rel="File-List"></link><style>
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<div class="MsoNormal" style="font-family: inherit;">When we look into the reports/news/website of palm oil plantation companies, we come across of terms like Fresh Fruit Bunch (FFB), Crude Palm Oil (CPO) and Palm Kernel (PK). They will even produce their monthly production statement for FFB, CPO and PK from the example below taken from IOI Corp website.</div><div class="separator" style="clear: both; font-family: inherit; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiBWDzNfEtHiS1rbFIGgii8jCFSXE_GW5unb4VSMZDquWzk0qmwXzjLjM1cCTQ68n0koEB_cFEgDGX83inoJpl9zxvM0IRhhOcasqZ4QjP9df8OmHI_Xy5SHiuBOyLtxn2W_j341QGW0s/s1600-h/Ex+IOI.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="304" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiBWDzNfEtHiS1rbFIGgii8jCFSXE_GW5unb4VSMZDquWzk0qmwXzjLjM1cCTQ68n0koEB_cFEgDGX83inoJpl9zxvM0IRhhOcasqZ4QjP9df8OmHI_Xy5SHiuBOyLtxn2W_j341QGW0s/s320/Ex+IOI.JPG" width="320" /></a></div><div class="MsoNormal" style="font-family: inherit;"><o:p> <span style="font-size: xx-small;"><i>Source: IOI Corp website</i></span></o:p></div><div class="MsoNormal" style="font-family: inherit;"><br />
</div><div class="MsoNormal" style="font-family: inherit;"><b>FFB, CPO and PK</b></div><div class="separator" style="clear: both; font-family: inherit; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjga7RrdjYK5xqRpqNJrm38dl2n_09MXN2Au5Iu4GkMfx0jliDl3s8Us0C-UUUL659abyM7uomTlQ6664of18mOWY1ADVzAMvaW-lrKku2ErTQ_XbEg3_qr8iHXvzSgMwdYn1iYD-i4IU/s1600-h/FFB1+-Modified+FAO+website.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjga7RrdjYK5xqRpqNJrm38dl2n_09MXN2Au5Iu4GkMfx0jliDl3s8Us0C-UUUL659abyM7uomTlQ6664of18mOWY1ADVzAMvaW-lrKku2ErTQ_XbEg3_qr8iHXvzSgMwdYn1iYD-i4IU/s320/FFB1+-Modified+FAO+website.JPG" width="320" /></a></div><div style="font-family: inherit;"><br />
</div><div class="separator" style="clear: both; font-family: inherit; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVNOOWKJd9p3A0p3pta9Bvk3aBlzgFeiTlI14BxnssOAEh_I3fTWRV8EYSNhED9XikmtJTQA7rtUQutO79gDZiwZr0VK6DvYrs-tengY_e4WBGUP6X-qBG0eOnvPdoTIqB8d-T27m2m9g/s1600-h/Inside+Fruit1+-Modified+FAO+website.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVNOOWKJd9p3A0p3pta9Bvk3aBlzgFeiTlI14BxnssOAEh_I3fTWRV8EYSNhED9XikmtJTQA7rtUQutO79gDZiwZr0VK6DvYrs-tengY_e4WBGUP6X-qBG0eOnvPdoTIqB8d-T27m2m9g/s320/Inside+Fruit1+-Modified+FAO+website.JPG" width="320" /></a></div><div class="MsoNormal" style="font-family: inherit;"><o:p> <i><span style="font-size: xx-small;">Source: FAO Documents</span></i></o:p></div><div class="MsoNormal" style="font-family: inherit;"><br />
The photos above are self-explanatory of the terms FFB, CPO and PK. Basically, Palm Oil will be extracted from the mesocarp (pulp) while Palm Kernel oil will be extracted from the kernel. The difference between both types of oil is that Palm oil normally used as cooking oil, while, Palm kernel oil mainly used for soap manufacturing. The prices for both Palm Oil and Palm Kernel Oil are different as well, though they have direct correlation.</div><div class="separator" style="clear: both; font-family: inherit; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgH64eHsy95-l89fyCTs00lP6wR-vSMpv9A5xYsjZEveNwk9ROVnOtCxCkuIEKL53b5zg5b1qS8Zck4xJ9vaIIe4zZP1oq-So8VBwZDfSI4uEhsXUU9aGJTC1lAV9yp35JMPMrpYWKjV7Q/s1600-h/Average+Crude+Palm+Oil+Price.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="351" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgH64eHsy95-l89fyCTs00lP6wR-vSMpv9A5xYsjZEveNwk9ROVnOtCxCkuIEKL53b5zg5b1qS8Zck4xJ9vaIIe4zZP1oq-So8VBwZDfSI4uEhsXUU9aGJTC1lAV9yp35JMPMrpYWKjV7Q/s400/Average+Crude+Palm+Oil+Price.JPG" width="400" /></a></div><div class="MsoNormal" style="font-family: inherit;"><o:p> <span style="font-size: xx-small;"><i> Source: MPOB website </i></span></o:p></div><div style="font-family: inherit;">The point to note is that some companies do directly sell part of the FFB produced to third party instead of processing it themselves.</div><div style="font-family: inherit;"><br />
</div><div class="separator" style="clear: both; font-family: inherit; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYI9UK1_rJ3yXNptY-5uuGAzVi9VQrW7IuyJvO2huizpVeKUQ6lnrPGtj_Wg45f5cF9QhITJ6j-jJ3yHJPLMWnuS21IxaASXviJebO7hYnmClmsjacUASMFnRuWG12SJvbWXI0TQ0_wC4/s1600-h/TDM+FFB+sold.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="121" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYI9UK1_rJ3yXNptY-5uuGAzVi9VQrW7IuyJvO2huizpVeKUQ6lnrPGtj_Wg45f5cF9QhITJ6j-jJ3yHJPLMWnuS21IxaASXviJebO7hYnmClmsjacUASMFnRuWG12SJvbWXI0TQ0_wC4/s320/TDM+FFB+sold.JPG" width="320" /></a></div><div class="MsoNormal" style="font-family: inherit;"><o:p></o:p></div><div class="MsoNormal" style="font-family: inherit;"> <i><span style="font-size: xx-small;">Source: TDM AR2008</span></i></div><div class="MsoNormal" style="font-family: inherit;">Hope this is informative for the readers.</div>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-53856403496617733332010-04-03T13:25:00.003+08:002010-04-04T19:21:44.389+08:00Dissecting TDM Bhd<span style="font-size: large;"><b>Earnings </b></span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjF4hWbPA-Q9zOHViB35XYye_tiy2OhabdJJkXN1DakS-uMtvid6_x7lm16J-RXILV5eOMG_BPk0xr_aTj1BkNaF1SUhQp5RRfa40kORMrtyBtqQWTJL55yFtnhNhhtimntL7LG7faoWN8/s1600-h/TDM%20net%20profit%20chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="235" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjF4hWbPA-Q9zOHViB35XYye_tiy2OhabdJJkXN1DakS-uMtvid6_x7lm16J-RXILV5eOMG_BPk0xr_aTj1BkNaF1SUhQp5RRfa40kORMrtyBtqQWTJL55yFtnhNhhtimntL7LG7faoWN8/s400/TDM%20net%20profit%20chart.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJCRLmeLIlcIGXrWGYV1_kYfHMrewUmzoKAosYD0szdTnOeq_dgeB3aIpdOEv6eQUGfolvB11SbnEig4uJtqSZddzloEUz6HRH9rdDERm9m_L7vT2flZGlgT54oMARljk3oE9ucR6VNZI/s1600-h/TDM%20value.GIF" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="126" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJCRLmeLIlcIGXrWGYV1_kYfHMrewUmzoKAosYD0szdTnOeq_dgeB3aIpdOEv6eQUGfolvB11SbnEig4uJtqSZddzloEUz6HRH9rdDERm9m_L7vT2flZGlgT54oMARljk3oE9ucR6VNZI/s320/TDM%20value.GIF" width="320" /></a></div><br />
TDM Bhd net profit still largely depended on Plantation Division which mean their earnings still depended much on the Crude Palm Oil (CPO) price and Fresh Fruit Bunch (FFB) production. Please do not mistaken the FFB with CPO though. I will post some palm oil information in my next post.<br />
<br />
<span style="font-size: large;"><b>Shareholders</b></span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEic56SmRSIDinDOfWihU5tVvYremJg0Bgu3C-hOcF9reqScbehJVrU_w72p5rpTsj5jPXhOA8pl2GOh2l0lOZHXKPY__L912CXIi6L3jzVLbNSqG2vnNvfg2qd_4sMBkD6EwAAs_py_uwM/s1600-h/top+shareholders+tdm1.GIF" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEic56SmRSIDinDOfWihU5tVvYremJg0Bgu3C-hOcF9reqScbehJVrU_w72p5rpTsj5jPXhOA8pl2GOh2l0lOZHXKPY__L912CXIi6L3jzVLbNSqG2vnNvfg2qd_4sMBkD6EwAAs_py_uwM/s320/top+shareholders+tdm1.GIF" width="320" /></a></div> <i><span style="font-size: xx-small;">Source: TDM AR2008</span></i><br />
<br />
As you can see from the list above, almost 70% of the share been tightly held by the state government ,thus, explaining the low daily volume of this share.<br />
<br />
For all the readers, this is not a buy or sell call. Please exercise your own judgment or seek advise from your investment adviser.<br />
I shall not be held liable if your share become like this...<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv_9ss6-SobDFqThRHL07LFzE-AELhe14XVGlrj2L61B8QcopQEcDoVBLHnMfZFPEJViHQHvalf_BSM39K_Ts7kd7VhOLWq6Uq5k5MmxbiLqiGQD68GTORVjLGuGmyMCN8sxkPGBGUERs/s1600-h/Stadium+collapse.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv_9ss6-SobDFqThRHL07LFzE-AELhe14XVGlrj2L61B8QcopQEcDoVBLHnMfZFPEJViHQHvalf_BSM39K_Ts7kd7VhOLWq6Uq5k5MmxbiLqiGQD68GTORVjLGuGmyMCN8sxkPGBGUERs/s320/Stadium+collapse.jpg" width="320" /></a></div>or like this<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKjcyr9o9Uk-XLtAOmEjAVlFc3d0mgCuVT_6kCg11GxCqjDHBF1NSIAhNMb5DtbnZyoQK70WqO4yk10eYufOSarZ32vYEBoBwOANVBMafs0sIf0nyQkZjGKUD0GiHIKzUYdASUI7lMfVY/s1600-h/umt4.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKjcyr9o9Uk-XLtAOmEjAVlFc3d0mgCuVT_6kCg11GxCqjDHBF1NSIAhNMb5DtbnZyoQK70WqO4yk10eYufOSarZ32vYEBoBwOANVBMafs0sIf0nyQkZjGKUD0GiHIKzUYdASUI7lMfVY/s320/umt4.jpg" width="320" /></a></div> <br />
Enjoy your weekend! :)Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-91127484134370451252010-03-31T18:23:00.001+08:002010-03-31T19:28:48.476+08:00TDM Bhd - Dividends Don't Lie?<div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGKHqQuz6iCpY0o_Q4qo4SDnypTGS1RDFMQxFB2rPBynzaImb29WWA2qEB4ycfKulad2f9GMcuc05U7y1K73fuM7nYru5Igk93LaEsKajmzs7zvr9fYA0shu99tPbokwZHj4lU-IHFfxY/s1600-h/Dividends+Checkbox.GIF" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGKHqQuz6iCpY0o_Q4qo4SDnypTGS1RDFMQxFB2rPBynzaImb29WWA2qEB4ycfKulad2f9GMcuc05U7y1K73fuM7nYru5Igk93LaEsKajmzs7zvr9fYA0shu99tPbokwZHj4lU-IHFfxY/s320/Dividends+Checkbox.GIF" width="320" /></a></div><br />
TDM Bhd (Current Price RM1.85) which involve in Plantation and Healthcare business declared a final dividends of 4 sen per ordinary share less 25% and 9 sen per ordinary share tax-exempted which still subject to Board approvals.<br />
Just for information, TDM have a dividend policy statement of paying out at least 30% of its consolidated annual net profit which was approved on 12th April 2009. (you can refer to TDM website). <br />
I am firm believer of Dividends Don’t Lie, but it should not be the only yardstick of stock selection. Understanding the business, balance sheet and their earnings should remain the main priority. <br />
<br />
Some <a href="http://xabiespara.blogspot.com/2010/03/kjmc-and-tdm-bhd.html#comments">comments</a> on this company by the readers for reference.Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com2tag:blogger.com,1999:blog-492047401634079080.post-21748101660598859462010-03-29T15:07:00.002+08:002010-03-29T16:26:24.514+08:00Healthcare business<div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBIhSKHvvg8nGW-N1s22zAC2bzbiGKIawGgW7jqN9kut_-n1CxHs2nhyphenhyphenHalQsAc3s8gqPkFFth_yJOWUszkeJAIYSjiGtVur83c14tMUxPRrwcC7_E7qqMm_MsM_XSuKDpp8b-Sc8TMpI/s1600-h/KPJ%20Patients.GIF" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBIhSKHvvg8nGW-N1s22zAC2bzbiGKIawGgW7jqN9kut_-n1CxHs2nhyphenhyphenHalQsAc3s8gqPkFFth_yJOWUszkeJAIYSjiGtVur83c14tMUxPRrwcC7_E7qqMm_MsM_XSuKDpp8b-Sc8TMpI/s320/KPJ%20Patients.GIF" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Source: Data from KPJ AR2008</td></tr>
</tbody></table><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNGYYGuS644C5PFTK3VVtwTyn43p5dGZLrfZAs1fMC9ZALlpT4NfBCxJcik9kgbkvqEnYkATW25nwwPKzlBuXdKG6f2svwgSYbH4wBBEpO91ZWJR_yoANRCbiMCVvan_yXwYI5kS-U5jM/s1600-h/TDM%20Patients.gif" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNGYYGuS644C5PFTK3VVtwTyn43p5dGZLrfZAs1fMC9ZALlpT4NfBCxJcik9kgbkvqEnYkATW25nwwPKzlBuXdKG6f2svwgSYbH4wBBEpO91ZWJR_yoANRCbiMCVvan_yXwYI5kS-U5jM/s320/TDM%20Patients.gif" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><br />
Source: Data from TDM website and Q409 report</td></tr>
</tbody></table><meta content="text/html; charset=utf-8" http-equiv="Content-Type"></meta><meta content="Word.Document" name="ProgId"></meta><meta content="Microsoft Word 11" name="Generator"></meta><meta content="Microsoft Word 11" name="Originator"></meta><link href="file:///C:%5CDOCUME%7E1%5Cwl.lai%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C01%5Cclip_filelist.xml" rel="File-List"></link><o:smarttagtype name="country-region" namespaceuri="urn:schemas-microsoft-com:office:smarttags"></o:smarttagtype><o:smarttagtype name="place" namespaceuri="urn:schemas-microsoft-com:office:smarttags"></o:smarttagtype><style>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjxrcB5xajPCUvMwChrJBIv99mCzrRKs178dOlEg86FnoLN1nRB01Jt8wQZYWU8otnbE-jCV-0tDDlQ13Gx5_QJTDeBMLAW7PLXx6ZX4fMEyJR5zClTKwDz14X2EwI3drbAYI_fyfnCqk/s1600-h/TDM+Healthcare.GIF" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="164" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjxrcB5xajPCUvMwChrJBIv99mCzrRKs178dOlEg86FnoLN1nRB01Jt8wQZYWU8otnbE-jCV-0tDDlQ13Gx5_QJTDeBMLAW7PLXx6ZX4fMEyJR5zClTKwDz14X2EwI3drbAYI_fyfnCqk/s320/TDM+Healthcare.GIF" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><br />
Source: TDM Q409 report </td></tr>
</tbody></table><div class="MsoNormal"></div><div class="MsoNormal">Not for comparison between both companies but to show the increase percentage of number of patients year-on-year.</div><div class="MsoNormal">I would like to add in the chart of healthcare cost in <st1:country-region w:st="on"><st1:place w:st="on">Malaysia</st1:place></st1:country-region> but not able to locate it thus far. Please email to me if you have any for me to upload it.</div><br />
Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-85500342550288333732010-03-28T23:14:00.002+08:002010-03-28T23:43:00.282+08:00Meaning of Deferred RevenueHave you come across the term 'deferred revenue' in liabilities column of a company's balance sheet?<br />
Here is the meaning,<br />
<br />
<div class="dictionarytermcontentcontainer"><b>What Does <i>Deferred Revenue</i> Mean?</b><br />
A liability account used to collect deposits and other cash receipts prior to the completion of the sale.<b> </b></div><div class="dictionarytermcontentcontainer"><b>Investopedia explains <i>Deferred Revenue</i></b><br />
Deferred revenue is important because it's the money a company collects before it actually delivers a product. For example, a software company sells and receives payment for a computer program before it gets delivered or installed. This doesn't get recorded as straight revenue because, if something goes wrong with the job, the money is at risk. </div><br />
<i>Source: Investopedia.com</i><br />
<br />
If you have any terms that you do not understand, you can almost able to look for it in <a href="http://www.investopedia.com/"><b>Investopedia</b></a> (Great site)Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-38321463116148263712010-03-26T21:31:00.000+08:002010-03-26T21:31:14.461+08:00KJMC and TDM BhdAnyone who pass through Kelana Jaya via LDP should notice that there is one community hospital situated at the side of the highway called Kelana Jaya Medical Centre (KJMC). As I am visiting my friend today, I found out that KJMC actually belongs to a Public Listed company called TDM Bhd.<br />
A check on the website of the TDM Bhd shows that the company actually having core business in Plantation and Healthcare. A quick glance through its latest quarterly report reveals that the earning is impressive and a healthy Balance Sheet. Need some time to digest the reports and get more information on this company. Keep in view.Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com2tag:blogger.com,1999:blog-492047401634079080.post-74499946358990006122010-03-25T21:13:00.004+08:002010-11-25T22:47:31.167+08:00Biofuel to be Mandatory?Came across the news on biofuel from The Star yesterday<b>. Which company will benefit from the implementation?</b><br />
<br />
<h1 id="story_title">Mandatory sale of biofuel to start June next year</h1><h2 id="story_byline">By WANI MUTHIAH</h2><b>BANTING:</b> The mandatory sale of biofuel will be implemented in the central region from June next year.<br />
Plantation Industries and Commodities Minister Tan Sri Bernard Dompok, who said this, added that the mandatory sale would be implemented in phases beginning in Kuala Lumpur, Selangor, Putrajaya, Negri Sembilan and Malacca, and the southern, western and northern parts of Perak, Pahang and Johor.<br />
The implementation was part of the Government’s biofuel initiative under the B5 Programme, with bio-fuel derived from blending 5% palm methyl ester with 95% diesel.<br />
Dompok, who launched Sime Darby Bhd’s biodiesel fuel Bio-N and visited its biofuel plant in Carey Island on Wednesday, said petroleum companies had requested for some time before the implementation.<br />
“They needed time to plan their facilities and capital expenditure,” said Dompok, adding that the Government would pay for the setting-up of biodiesel blending facilities at six petroleum depots in the central region.<br />
The depots, which would be fitted with in-line blending facilities, would be located in Port Klang, the Klang Valley Distribution Terminal (KVDT) in Selangor, Port Dickson, Negri Sembilan and in Tangga Batu, Malacca.<br />
An allocation of RM43.1mil would be made available for this purpose, Dompok said.<br />
Dompok said that the price of biofuel would fluctuate according to the market price of crude palm oil and diesel.<br />
“If there’s an increase in diesel price, it would be borne by the oil companies. They have agreed to take it on as operational expenditure,” said Dompok.<br />
Earlier in his speech, the minister said the Government had released the National Biofuel Policy in March 2006 in line with global developments that saw nations pursuing aggressive agendas on the production and use of biofuels to reduce dependence on fossil fuels.<br />
The policy outlined five strategic thrusts, namely the use of biofuel for transport and industry, production of biofuel for export, development of indigenous technologies and biofuels for a cleaner environment.Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-10979045302566573212010-03-23T22:14:00.000+08:002010-03-23T22:14:14.839+08:00ClarificationAfter receiving two emails asking about stock recommendation/advice, I think I need to clarify again that I am not a professionally-trained investment adviser. I am in no position to advise anyone about any stocks. Please seek advice from your professional investment adviser.<br />
Furthermore, there are a lot of books about stock investment that you can get from any bookstores. You could even get information through many good blogs around about stock investment.<br />
<br />
I just wonder why would anyone asking for stock recommendation from stranger?<br />
<br />
There will be some changes to the way I blog. I will remove the simulation portfolio as well. My mistake perhaps as I am still new to blogging.Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-7177399681743571202010-03-22T20:36:00.002+08:002010-11-25T22:47:00.277+08:00Good Sign for KFima<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEEFWi9e2A5SC80M2VQ-YNwJEW4gE_hsJfrNmBLCo1MtayDjeX0BnQ95xVS8t7LhhDPSW9octpcNL2ThS7wr9ArFL_YS1vp4h-0WaYYHjOCvDAv4O3yYKjn7Uv1756EiR5sVbdyzyL1wY/s1600-h/Kfima+Trading.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEEFWi9e2A5SC80M2VQ-YNwJEW4gE_hsJfrNmBLCo1MtayDjeX0BnQ95xVS8t7LhhDPSW9octpcNL2ThS7wr9ArFL_YS1vp4h-0WaYYHjOCvDAv4O3yYKjn7Uv1756EiR5sVbdyzyL1wY/s320/Kfima+Trading.JPG" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHWXXzvax_f7Hky-ns-qWZBDGnk-oLzsZ_6zPaonvmMSrrhfEWyUs05H9IkzMexfA2ROYxHdkUnahH-QlRgwf5ur9l9UfBzkWFJIw5-q-JnRrQa-Cpw5kj_SZ863oXdB87SEaopMgl5QU/s1600-h/top30+kfima.GIF" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHWXXzvax_f7Hky-ns-qWZBDGnk-oLzsZ_6zPaonvmMSrrhfEWyUs05H9IkzMexfA2ROYxHdkUnahH-QlRgwf5ur9l9UfBzkWFJIw5-q-JnRrQa-Cpw5kj_SZ863oXdB87SEaopMgl5QU/s320/top30+kfima.GIF" /></a></div><br />
When the largest shareholder accumulating the share, it is normally presume that the share is undervalue.<br />
What do you think?Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com4tag:blogger.com,1999:blog-492047401634079080.post-88720458323312040462010-03-20T18:12:00.004+08:002010-03-20T18:15:51.841+08:00Best Buy of 2010<div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOA1xy0DmX_hIDTJVvAVlAWdAUtES28vMkjxOK2i-QRQty3GygIU42AuqFQpOWW-kXA_H1NsaJKSWQIkPa5JirHYlhDelKPMbTAOO3bTIk2bZW9p5VNUKmw-hfVa95dSEUrMjvog7o9-Y/s1600-h/DSC00685.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOA1xy0DmX_hIDTJVvAVlAWdAUtES28vMkjxOK2i-QRQty3GygIU42AuqFQpOWW-kXA_H1NsaJKSWQIkPa5JirHYlhDelKPMbTAOO3bTIk2bZW9p5VNUKmw-hfVa95dSEUrMjvog7o9-Y/s320/DSC00685.JPG" /></a></div><br />
One of my best buy in 2010,<br />
<br />
Total Price: RM13 (from Pay Less Books Warehouse Sales) <br />
PE : 0<br />
'Book' Value: Priceless<br />
<br />
<br />
<br />
<div style="color: red;"><span style="font-family: georgia,bookman old style,palatino linotype,book antiqua,palatino,trebuchet ms,helvetica,garamond,sans-serif,arial,verdana,avante garde,century gothic,comic sans ms,times,times new roman,serif;">Books are the bees which carry the quickening pollen from one to another mind. </span></div><div style="color: red;"><span style="font-family: georgia,bookman old style,palatino linotype,book antiqua,palatino,trebuchet ms,helvetica,garamond,sans-serif,arial,verdana,avante garde,century gothic,comic sans ms,times,times new roman,serif;">~James Russell Lowell</span></div><div style="color: red;"><br />
</div><div style="color: red;"><span style="font-family: georgia,bookman old style,palatino linotype,book antiqua,palatino,trebuchet ms,helvetica,garamond,sans-serif,arial,verdana,avante garde,century gothic,comic sans ms,times,times new roman,serif;">Books are the quietest and most constant of friends; they are the most accessible and wisest of counselors, and the most patient of teachers. </span></div><div style="color: red;"><span style="font-family: georgia,bookman old style,palatino linotype,book antiqua,palatino,trebuchet ms,helvetica,garamond,sans-serif,arial,verdana,avante garde,century gothic,comic sans ms,times,times new roman,serif;">~Charles W. Eliot</span></div><div style="color: red;"><br />
</div><span style="font-family: georgia,bookman old style,palatino linotype,book antiqua,palatino,trebuchet ms,helvetica,garamond,sans-serif,arial,verdana,avante garde,century gothic,comic sans ms,times,times new roman,serif;"><span style="color: red;">A man may as well expect to grow stronger by always eating as wiser by always reading. ~Jeremy Collier</span><br />
</span>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-18310946851451755362010-03-18T12:04:00.001+08:002010-03-18T12:05:04.082+08:00Capitalize on India’s Infrastructure Development?<meta content="text/html; charset=utf-8" http-equiv="Content-Type"></meta><meta content="Word.Document" name="ProgId"></meta><meta content="Microsoft Word 11" name="Generator"></meta><meta content="Microsoft Word 11" name="Originator"></meta><link href="file:///C:%5CDOCUME%7E1%5Cwl.lai%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C01%5Cclip_filelist.xml" rel="File-List"></link><o:smarttagtype name="country-region" namespaceuri="urn:schemas-microsoft-com:office:smarttags"></o:smarttagtype><o:smarttagtype name="place" namespaceuri="urn:schemas-microsoft-com:office:smarttags"></o:smarttagtype><style>
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</style><span style="font-family: "Times New Roman"; font-size: 12pt;"></span><span style="font-family: Arial;"><o:p> </o:p></span></div><div class="MsoNormal"><span style="font-family: Arial;"><o:p></o:p>With increasing priority given to infrastructure development in India, with 20,000km road earmarked to be completed in three years, it will not be a surprise if most of infrastructure companies' focus will be shifted to India. <st1:country-region w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region>, which already has one of the largest networks of road in the world, hopefully will be another market for Protasco Bhd to penetrate in.</span></div><div class="MsoNormal"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAalm8H8R3W9-H9O5EPmz12Hf2Q4ShSTA5n_s2cmNU2NZLq8GGVIbOmVod-uTt_POtlujwLm0pu3VyyNMFuVIG6kSTvYVt8DVRHHV-CU8IULCqvsiWov33sL1_qJovg82nlktr9yLicmY/s1600-h/chartindia.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAalm8H8R3W9-H9O5EPmz12Hf2Q4ShSTA5n_s2cmNU2NZLq8GGVIbOmVod-uTt_POtlujwLm0pu3VyyNMFuVIG6kSTvYVt8DVRHHV-CU8IULCqvsiWov33sL1_qJovg82nlktr9yLicmY/s320/chartindia.jpg" /></a></div><div class="MsoNormal"><span style="font-family: Arial;"> <span style="font-size: xx-small;">(Taken from HCM Engineering website)</span></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;"><span style="font-size: xx-small;"> </span>A check on the <a href="http://www.hcme.com.my/v4/index.php"> website of HCM Engineering </a> reveals that they indeed looking forward to participate in infrastructure development in India with large delegates from the company attended the India Infrastructure Forum in London on 2<sup>nd</sup> February 2010. The ability to penetrate into <st1:country-region w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region>, hopefully will be another catalyst for Protasco Bhd although it might not happen so soon.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Arial;">You can refer to my previous post below,<o:p></o:p></span></div><div class="MsoNormal"><span lang="IT" style="font-family: Arial;"><a href="http://xabiespara.blogspot.com/2010/03/protasco-bhd.html"> Protasco Bhd </a><o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Arial;"><a href="http://xabiespara.blogspot.com/2010/03/protasco-hcm-engineering-kumpulan-ikram.html"> Protasco Bhd - HCM Engineering & Kumpulan Ikram</a><o:p></o:p></span></div>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0tag:blogger.com,1999:blog-492047401634079080.post-75146572098609231672010-03-16T17:44:00.000+08:002010-03-16T17:44:03.108+08:00Berkshire Hathaway Shareholder LettersThe 2009 Berkshire Shareholder Letter had been released. As usual, a lot of wisdom from the top investor.<br />
You can find the letter from the link below,<br />
<a href="http://www.berkshirehathaway.com/letters/letters.html"> Berkshire Hathaway Shareholder Letters </a>Xabi Esparahttp://www.blogger.com/profile/08081291947955054752noreply@blogger.com0