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Tuesday, December 28, 2010

ASN Dividend Payout At 6%

Amanah Saham Nasional Berhad (ASNB) today announced an income distribution of 6 cents per unit for Amanah Saham Nasional (ASN) scheme for the financial year ending Dec 31, 2010. This year's income distribution was 0.80 sen higher from the 5.20 sen per unit declared in 2009. 

The income distribution would involve a total payment of RM89.88 million compared with the RM81.52 million paid last year. PNB chairman told reporters that ASN's performance for the year ending Dec 31, 2010 was generally better than last year in line with the encouraging performance of the country’s economy and the stock market.

Monday, December 27, 2010

Rough Ride Ahead For Rubber Glove Makers?

Rubber prices climbed to a record high on last week, putting more pressure on the margins of rubber glove manufacturers, which are already grappling with oversupply and normalising demand issues. 

May 2011 delivery contract for the commodity traded on the Tokyo Commodity Exchange rose to RM15.48 per kg on last week. Tyre-grade SMR 20 rubber traded in Malaysia rose to RM14.81 per kg while the price of latex increased to RM9.79 per kg.

Saturday, December 25, 2010

Merry Christmas and Happy New Year!

It's Christmas! What a fruitful 2010 year for KLSE and investors. May this Christmas be bright and cheerful and may the New Year begin on a prosperous note! Well, perhaps prosperous not only in investment return, but also family, friendships, relationship and career. 

The old man says: "Thinking leads to action, action leads to success, success leads to happiness." For those who succeed in KLSE for the time being, congratulations. For those who fails, try again and never give up. Happiness should be the ultimate goal we are looking for isn't it?

Thursday, December 23, 2010

Local REIT Yields Expected To Fall in 2011?

The yields of Malaysian Real Estate Investment Trusts (REITS) are expected to come down next year in view of the surplus in office buildings with the completion of new projects. The yield, which is also known as return on investment in properties, is derived by dividing rental with property value. 

President of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia, Choy Yue Kwong, said while the surplus in office buildings is expected if more developers receive the nod to build, there are very few premium-grade 'A' buildings. 

Wednesday, December 22, 2010

Timing Will Tell Right & Wrong?

Most of us are in the mood of Christmas, New Year and holidays. After working hard for a year, it's time to gather around with family, friends and relative to relax and have fun. Yes, time past very fast, Christmas and New Year are around the corner again!

Tuesday, December 21, 2010

8.75% Dividend & Bonus for ASB

Permodalan Nasional Bhd (PNB) has announced Amanah Saham Bumiputera (ASB) dividend today. Without much surprise, ASB unitholders will receive a dividend of 7.50 cents per unit this year compared with 7.30 cents declared last year. One unit is price at RM1.00.

As usual, ASB unitholders will also receive a bonus of 1.25 sen, similar to last year. Thus, the total dividend and bonus to be received is 8.75%, which is 0.2% better than last year.

Friday, December 17, 2010

Changes To Takeover Code

Good news to minority investors!

Several changes have been made by Securities Commission to the Malaysian Takeovers and Mergers Code, which now requires copanies to adopt a higher level of disclosure and makes independent directors more than just rubber stamps. The SC’s announcement on changes to the Malaysian Takeovers and Mergers Code should enhance transparency and the protection of minority shareholders, indirectly benefits us.

Thursday, December 16, 2010

Sozo Global Limited

Sozo? When I first hear this company name, it sounds very funny. It means it is crazy in cantonese. SOZO will be debut on tomorrow, which it's IPO has been oversubscribed 3.28 times by the public investors. CNOUHUA is the only KLSE China stock that is trading above the IPO price so far, which indicated a good start for China company to be listed in KLSE. 

Tuesday, December 14, 2010

Small-Cap Stocks Ruled?

Look at the market these 2 days, many of the small-cap stock prices are just went wild. But the blue chips and index are just remain steady. Do you think it is due to the charm of news and rumors trading or the market is almost at it's peak? Well, we really have to make sure most of the grandma and grandpa have not start to buy shares!

Anyway, I would like to touch on 3 companies today, namely MUDAJYA, CAREPLS and NOTION.

Friday, December 10, 2010

Stay Away From News or Rumors Trading

There are handful of stocks heating by the news and rumors and bringing profit opportunity to short-term investors recently. Majority of them involving acquisition and merger. QSR, KFC, KULIM, IJMLAND, MRCB, DRBHCOM, SUNRISE, UEMLAND, SUNWAY, SUNCITY, etc, you name it. 

Wednesday, December 8, 2010

Mudajaya Group Bhd - Part 2

Well well well, look at MUDAJYA share price today, it has dropped about 6% after I've accumulated it on last 2 weeks ago. What's the bad news that caused the share price further down?

Basically it has no bad news lately, except the 3Q10 earning is a little bit fading compare to 3Q09 due to monsoon season. Nonetheless, the upcoming quarter earnings will be expected running strong due to India IPP project phase claim and monsoon season is over. I also hope MUDAJYA can award with some projects within the country.

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