KL Market

The warning was there. Posted on 14th November, Saturday morning, LCL: New trouble brewing?Today, LCL posted its earnings and it was not a pretty sight!On the Edge Financial Daily: LCL posts RM25m net loss in 3QKUALA LUMPUR: LCL CORPORATION BHD posted net loss of RM25.39 million in the third quarter ended Sept 30, 2009, a stark contrast from the net profit of RM9.74 million a year ago due to conti……
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Just as I was touching down in HK, I learn of a recent HK listing that went totally apeshit!! The new listing was a company called Asian Citrus. It was not really a new listing more as the introduction of a dual listing, it was already listed on AIM in London, and this HK listing is more of a homecoming of sorts, led by CLSA Asia Pacific Markets. Now the funny thing was the company went for a 1 in……
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No time for long posts, but I will try to record down interesting observations pertaining to business and commerce. Still in HK, contrary to popular perception, this financial center has many layers to it. The ultra rich (listed company owners and property owners) basically get to enjoy all the perks. HK is a place where its good to be rich. The ultra rich population probably is just the top 1%-2%……
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I was just reading Sprott Asset Management report on the banking sector.You can read the full report here: Don’t Bank On The BanksThe table highlighted on page 3.Page 4.In Chart A we provide leverage levels for a few select banks that deserve special mention in our leverage discussion. These three banks were all bailed out by their respective governments. We’d like to draw your attention to thei……
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On Aug 26th it said it made some 28.190 million. Of course if one looks just at these numbers it looked so very impressive for it suggest an incredible earnings per same of some 12.2 sen. And the stock was trading around 1.00.But one needs to understand how and where these net profits are derived from.From the company’s earnings notes.The Group posted favourable results for the year under review c……
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Historically conglomerate generate poor returns due to lack of focus and also difficult to evaluate. One of the most popular valuation methods is Sum-Of-Parts: valuing a company by determining what its divisions would be worth if it was broken up and spun off or acquired by another company(Investopedia). However, I like simple PE approach because of its simplicity and something that man on the str……
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CSC Steel recent announced quarterly earnings was rather decent.But before I get into that, let’s review the past postings.In Feb 2009, I highlighted the massive losses posted by CSC Steel: A Look At CSC Steel Latest Quarterly Earnings. Quarterly losses announced by CSC Steel were around some 42 million.On 11th May 2009, CSC gave a profit warning saying that flat steel products used in cars and ho……
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Well, just as swiftly foreign money came into emerging markets, just as swiftly will they leave, and not even on something direct. An indirect scare out of Dubai seems to be enough reason to take the chips from the table. On Wednesday, Dubai World, the government investment company behind some of the emirate’s most ambitious projects, said it was seeking to delay repayment on a tranche of it……
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I was flabbergasted when at a social setting some of my colleagues did not know who Nat King Cole was. I said he was my all time favourite singer and probably had the best singing voice ever. He died before I was even born but talent and greatness will be discovered and rediscovered by future generations. Many people will know of the song When I Fall In love, which has probably been re-recorded to……
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Here’s another stock which I need to make a couple of comments.2nd Sep 2009, I wrote How Now For Tong Herr? which was follow up to the posting A Warning From Tong Herr?Tong Herr announced its earnings last night.I was interested. What was I expecting? What were you expecting? Here’s a past screen shot of past Tong Herr’s earnings (click here ).I was expecting profits to be around 1 million or less……
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