KL Market

(Click on image to enlarge)Turtle is reverting back to $ 888 saving/month starting June 2009. MUI is moving on the right track by parring down their debts from over a billion to about 600 million as at 31 March 2009. With 500 million cash on hand, they are almost in net cash position. The critical thing is they need to make money at the operational level. Odds are getting better as days go by…….
Go to Malaysian Turtle

Would Current Trade Protectionism Hinder Global Financial Recovery?This is the issue brought by UK’s prime minister, Gordon Brown, Gordon Brown urges focus on repairing world trade The prime minister said trade was the “most serious casualty” of the global financial crisis and its collapse the “most immediate issue we face”. Writing in the Wall Street Journal, Mr Brown called for renewed efforts t……
Go to Where is Ze Moola?

Some articles I was reading on the Baltic Dry Index. Freight rise is unsustainable: John KempOn the issue of the fright rise, Kemp argues that..But there are good reasons to think record ore imports, and the strength in freight rates, will not prove sustainable.Inventories at the main ports have risen almost 30 percent from 58 million tonnes to 75 million tonnes over the last three months. Stocks ……
Go to Where is Ze Moola?

My Dearest Brown Cow,I’ve yet to meet an impressive person who has needed to impress people - Dr. Brett Steenbarger That’s about sums it all, isn’t it?The need to impress. The need to tell everyone that they are good. And in the stock market, the ever need to insist that their way, the method is the best. Have you not heard the endless, endless, endless talk on Fundamental Analysis (FA) vs Technic……
Go to Where is Ze Moola?

I sometimes come across report trying to cover all bases but very unfortunately it cannot help us to make any decision. First they frightened you - beware of double top. So, don’t do anything. If you have position, should you sell? What they say however even it pull back, it may pull back to 7,500 level - around 10%In case you keep waiting and that correction is not materialize, then watch out for……
Go to Malaysian Turtle

One major investing point which many investors miss out on when considering local stocks is their market audience. That is also one of the sore points among international investors when it comes to looking at emerging market stocks. Pick any local stock, you have first look at their market size, most are just a proxy on the Malaysian market industry. That being the case, their growth would be limi……
Go to Malaysia Finance

As expected, the local media bangs the gong on AirAsia Announces Massive Profits!What can one expect when the CEO is the one doing the goating. Business Times: AirAsia has best first quarter The budget carrier’s net profit grew 26 per cent to RM203.15 million in the three months ended March 31 2009Busget carrier AirAsia Bhd (5099)is back in the black with a net profit of RM203.15 million in the fi……
Go to Where is Ze Moola?

Sino Hu Ann announced its earnings last night. As expected losses were made.I had blogged on this stock several times already.Regarding Sino Hua-AnMore On Sino Hua-AnnWho wants Sino Hua-An?Still Who Wants Huann?Sino Hua An Q3 Earnings.And the last one I wrote was Massive Losses Posted by Sino Hua-An I was more curious now on the issues I posted on that blog posting. Let me reproduce the table on t……
Go to Where is Ze Moola?

On the Financial Edge: AirAsia post net profit RM203.15m in 1Q KUALA LUMPUR: AirAsia Bhd’s earnings rose 26% to RM203.15 million in the first quarter, up 26% from RM161.28 million a year ago.It said on May 28 the higher earnings were due to higher yields, lower unit costs and one-off Rm48.53 million item gain. Revenue rose 33% to RM714.18 million from RM535.32 million.Yield rose 12% to 13.7 sen ……
Go to Where is Ze Moola?

May 28 (Bloomberg) — OPEC is likely to leave production quotas unchanged at today’s meeting in Vienna in a bet that demand will recover, pushing prices as high as $75 a barrel by year’s end, ministers said. Officials from five of the 12 members of the Organization of Petroleum Exporting Countries said before the start of today’s closed-door assembly they supported leaving output targets unc……
Go to Malaysian Turtle