KL Market

Despite the mostly good corporate earnings, with many beating analysts’ estimates, couple with a surprising GDP perk up in 4Q2009, the markets had trouble turning around the bearish trend. Methinks it has a lot to do with the uncertainty with respect to the Volcker Rule. Although you will find pundits giving many other reasons for the current downtrend. The market got hints that Obama was mulling ……
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I’m going to borrow a lot charts from Bespoke Investment of which I regard them as one of the best source for technical analysis. Why would the market broke below its strong support despite of positive news like(1) Confirmatin of Ben Bernanke for the second term, which most will bet that he will continue to maintain “loose monetary policy”.(2) GDP growth is coming in a lot stronger. If you at the ……
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Comments from the posting MaeMode And Its Receivables Again!solomon said…With receivables 1.5x of shareholder equities and the company’s RM300 million loans, I think this company financial is very very weak.From the company cashflow statement, interest paid per quarter is RM7million x 4 quarters = RM30mil annually. The cash balance of RM31mil is only managed to pay off the one year interest.Brot……
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In our cynical world and hardened hearts all around, it was gratifying to watch a movie that lifts our senses. Its a feel good movie but never milks the audience for tears. What makes this so wonderful is its a true story. The other bit which makes it so enticing was that it was based on the book by my favourite author Michael Lewis - yes, the same guy who wrote Liar’s Poker, Moneyball and The New……
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It’s almost an year since I wrote on Malaysian AE Mode or MaeMode.21st Jan 2009, I wrote Update Again On MaeModeLet me copy and past what I wrote a year ago.—————————————Here’s an update to the posting: Would You Buy MaeMode?MaeMode announced its earnings tonight.And as you can see, the key yardsticks simply got weaker and weaker!The margins is still thin. Net debt post i……
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As I am writing this, Obama is only halfway through his State of the Union address. At a time when Americans have kind of lost track of Obama’s vision and “change” mantra, they have a kind of disconnect to the whole thing. At a time when the media cast doubts over Obama’s plans to tax the banks, impose new regulations to control them, at a time when Main Street thinks the government is losing its ……
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Had not made any update on the Baltic Dry Index for quite some time already.My last posting was on 12 Nov 2009, The Baltic Dry Index Continues To Surge But Is it Sustainable?. BDI then closed at 3748 and the posting questions the sustainability of the surge.Since then BDI had corrected quite significantly.Yesterday I noted a stronger downward movement in the index. The Index closed at 3118, down s……
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Wrote this the other day: Taking Of Hume Industries 1,2,3!I took a wild guess and assumed that Hume Industries could ring in some 30 million in earnings.Well Hume Industries reported its earnings tonight and guess what, I was little short. Hume Industries earnings came in at 34 million instead!Anyway, look at the EPS for half year, it’s 32.7 sen. How much do you think Hume Industries eps for the f……
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Life can be simple but can also be complicated when mixing up with politics. Ben Bernanke, under pressure of not going to be reappointed, is contemplating of bowing down to pressures - not doing what he believes from his studies of the great depression. He knows too early of loose monetary withdrawal will increase the chances of double dips recession. Read, he is going to tell what the market and ……
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Let’s look at the current issues scaring the equity markets:a) Stronger USD, lower commodity prices - Technically, we all want lower commodity prices, but somehow that does not work so well in equity markets. They seem to favour higher commodity prices so that bullish equity markets could continue. Its a matter of where we are in the recovery, as we have bottomed, any hike in commodity prices is d……
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