KL Market

The following table by McKinsey was highly illuminating. It puts into sparkling perspective how important private domestic consumption is to each country as a percentage of GDP. One should always strive to be more led by domestic consumption as that usually means a better grasp and control of an economy’s fortunes. China has been desperately trying to lead the world back from the diminished global……
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Shanghai Composite Index dipped into bear market(20% from 3461) briefly two weeks back and fought its way back, only 17% down on last Friday closing. The players are cautious but still bullish citing the recent correction has brought the valuation a very reasonable level — neither too expensive nor too cheap. Ahem, hello, is China market rules by the fundamentals? On the sentiment side, they thin……
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On Business Times the following news clip on Tong Herr caught my attention.Tong Herr says EC begins anti-dumping probePublished: 2009/08/29Tong Herr Resources Bhd, a Malaysian-listed maker of iron and steel bolts, is seeking legal advice after the European Union began an anti-dumping and anti-subsidy proceeding, according to a statement.The probe concerns imports of stainless steel fasteners and p……
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Morningstar ranked Pheim ASEAN Emerging Companies Growth Fund ranked No. 1 for the 1-year, 3-year, 7-year, 10-year and 14-year periods for the Morningstar Category ASEAN Equity Funds as at June 2009.First, let me say that I like CK Tan a lot, I think he is quite a brilliant fund manager. Besides being an outstanding long term outperformer, I also absolute share his view on the local market, this ……
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Taking a break without looking at stock market indices is one of toughest things for me. On and off, I still tried to peep on the TV screen to find out performance of DJIA, S&P, Shanghai Composite, Hang Seng, crude oil, gold, etc. Though ununcessfully to take a 100% break but on the overall I stayed away sucessfully from following stock market news whole of this week. Sorry for not able to sha……
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Many investors regard analyst reports with a lot of reservation and cynicism, and rightly so. Finally, somebody has dug up enough dirt and evidence. The fact that its Goldman Sachs will mean the regulators and politicians will be sharpening their knives for the kill. Goldman Sachs will get a major major fine here. When an investment bank relies so much on trading for such a huge slice of their pro……
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Posted early this month: Megasteel And Lion Corp And Lion DiversifiedI had a look at Lion Corp’s earnings. Tonight Lion Corp reported its earnings. It wasn’t good. Losses were huge. It lost some 400 million this quarter and losses this year totalled a massive one billion ringgitI had a look at the balance sheet. It’s inventories shrank. Worse still its cash balances fell to just 98 million compare……
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This has to be the article of the year, and from China’s China Daily no less http://www.chinadaily.com.cn/opinion/2009-08/04/content_8515596.htm :At a time when shamelessness is pervasive, we are often at loss as to who can be trusted. The five most trustworthy groups, according to a survey by the Research Center of the Xiaokang Magazine, are farmers, religious workers, sex workers, soldiers and s……
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Selamat Berpuasa ………..
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Saw this article on Temasek. Temasek to invest in Western banks ‘if opportunity comes’SINGAPORE: Singapore investment firm Temasek Holdings said yesterday it had not been put off investing in Western financial institutions despite suffering massive losses from the global financial crisis.It would invest in such banks “if the opportunity comes and it looks attractive, yes,” Ho Ching, chief executiv……
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