Wow! All-done

1.Within this few weeks I have to catch up with three assignments that requires lots of reference and searching for information.Alhamudulillah it's nearing completion. As I spend time completing it, I could not let my hand free off the newspapers and magazines at the campus library reading
various sort of articles.

2.What caught my most attention was the snap-up of entire quota of ASW2020 and ASM (Amanah Saham Malaysia) by the Tionghua community in this country within few hours when the counter open.This is the example that we should follow how massive and powerful are their savings and cash reserves.In my opinion is shows how important it is to adapt self-employ concept and the importance of owning the business provided we must be discipline.It's pointless too if everyone has a business but not performing though.

3.With regard to the matter above, the Bumiputra units seems to be all-the time available.Perhaps this is the ideal and suitable issues for the Malay politicians and bussinessman need to address in the wake of global economy crisis.But seems like Malay people is hugely obsess with by-election power-tussle here and there and seeking popularity forgetting to educate and provide enough information towards the community to part-take in this sort of activities and apply.What's the problem here??

4.Well generally those Malay youngsters sorry to say are much prone to spend time at the Cybercafe, Football match hours weekly on the television, reality show smsing, loitering at the shopping malls as well as wasting money in many ways.Typically the subject on investment did not augur and well-accepted as a day-to-day basis talk.The paradigm must be change to encourage the savings habit and make Bumiputra more inclined on business.

5.I would perceived Bumiputra is now better-off then in 1970's as a whole but overhaul of mindset is needed to encourage them save and invest,acquiring tangible asset eg land,houses, gold and stocks participate actively in business programme rather then expecting and waiting for the contracts and procurement related work.

6.The 30% Bumiputra equity rules looks like slowly depleting in sectorial basis to increase our international presence and competitiveness thus my malay friend we have to be very bold and commited to get serious in business to show we are getting better provided other ethcnics too must be sincere too in the name of 1Malaysia.Because it's unfair for only Malays to sacrifice our rights all the time. In return we are hoping to be actively participate in private-sector without any discrimanation and denial.

7.I dare to speak up all the matter stated above based on my analysis and interview with the relatives and friends surrounding me so it must be seen as sincere comment towards the betterment of the nation because the present premiership has got a very clear moves to put our vision back on track after nearly 5 years of disturbances and flip-flop policies.So I am certain we will be able to carve our name internationally again step by step and see the mistake as the lesson to make sure it's not to be repeated.

Thank you.

Why PLUS Should NOT Be Privatised

courtesy : http://malaysiafinance.blogspot.com/

My opinion:

You should consider not privatising because:

a) There are already too few big caps on the Bursa that attracts foreign funds and institutional investors. Already we have lost Maxis, can you imagine a time if IOI Corp and Sime Darby were to be taken private as well. You can then relegate the relevance of Bursa to foreign funds to almost non-existent.

b) The implications of taking PLUS private may mean that future capital raising for similar projects will be harder. Investors will consider that they will be taking the bulk of the risk upfront, but when traffic goes past critical mass, governments may take them private. It will translate into higher funding cost for similar projects in the future.

c) The majority of investors does not know that PLUS is actually Asia's largest listed toll expressway operator! The biggest. Next is Jiangsu Expressway (177 HK) and Zhejiang Expressway (576 HK). That certainly has to count for something, doesn't it? There are not many things that can put Malaysia on the investment map. We can argue about the merits of Sime Darby in acquiring the other big plantation firms, but at least strategically we have the largest plantation firm in the world. Being right up there in size means being able to dictate trends and squeeze out efficiencies. I think even management of PLUS does not realise the magnitude and relevance of the company and where its at, and what it can be.

d) The users-pay model for toll roads is an important aspect to expand the infrastructure and logistics for a country. Maybe some will argue that the terms may have been a bit too generous. That is up for debate. We should really embrace global best practices by opening up future toll projects for open tender. That way, we can ensure a fairer system on the consumers.

e) Toll roads operators will always get whacked when they start to rake in good profits, and the almost annual increments grate on consumers' nerves. I will give you an example, the Sydney Harbour bridge is less than 2km to cross and I remember as a student paying 50 cents to cross the bridge, now its $3.00. Toll roads are roads that may never be built (or being built quickly) if it wasn't done as a toll road. Toll roads must never be the only way to reach a destination, there has to be a choice. But generally, users in Singapore or Australia or the US do not gripe that much because their salaries and disposable incomes almost have a more than commensurate rise with other cost of living items and incidentals - and that is the crux of the matter.

f) If the government were to take up all the funding for all toll roads and make it free for all users, governments everywhere will never get to where they are now. Taxes will have to rise substantially to fund, repair and maintain them.

g) Looking at the positive side, at least Malaysia has not sold any tollways to foreign infrastructure operators like Macquarie Infrastructure. That company has bought over power plants, tollways, airports, etc... and there has not been a single positive feedback from consumers. Costs and annual hikes have been even more prohibitive when its sold and managed by independent companies.

h) The main gripe has more to do with rising cost of living that does not match the earnings power and growth of normal Malaysians. I have argued before that local salaries are depressed by virtue of the rise in foreign workers and Malaysia's addiction to subsidise for almost every thing. We subsidise fuel/gas, have controlled prices on many goods, we subsidise too many things, which prevents our salaries from rising and our grand plan is not strong enough to continually move our industries further up the value chain. Then you have these tollways which gets their guaranteed increments year in year out.

Consider how much it cost to travel on the NSE in 1995, when graduates pay was around RM2,000-2,200 ... and you compare today the cost of traveling on the NSE. 14 years later and graduates starting pay is still around RM2,200-2,500. That is the crux of the problem.

The government and politicians are fighting the wrong battle by taking PLUS private to appease the general public. The correct battle is to reduce foreign workers, reduce subsidies for fuel/gas and electricity for companies, and trash out the inefficient and ineffective industries we have been shouldering (such as auto). The quite inefficient allocation of resources by having huge taxes and duties on car imports just to protect the failing local auto makers should be scrapped. Malaysia is still in the top 3 places on earth where it is costliest to buy a car - that robs the people of a lot of purchasing power. Think better strategically, and you will find the public not so opposed to the toll rates. If your Toyota only cost you RM50,000 and not RM98,000 - I think many of those who rant and vent their anger at tolls would be placated.

We are addressing the wrong issue, we are getting angry at the wrong issue. Its not toll rates but our purchasing power and inefficient allocation of resources. Until then, we will keep fighting the wrong battles and getting angry at the wrong things. Get the big picture right once and for all.

The collapse of US Dollar

The hottest topic on globalization; seems that the world refuse to admit. Check out the video.
We got to be offensive in tackling economy crisis that seems to be depleting each and everyone
like unemployment,foreclosure and the falls of big bank as a whole.

What the solution?

You may leave the idea on the comment box to encourage discussion..

Thank you.

Uncomfortable Updates

1.Of lately we are seeing so many theories popping out of the smart people in many
fields be it science,political,social and legal aspects to reflect
intellectuality,diversities and popularity, I guess?

2.The fact is we are seeing rapid negative pivotal changes in many areas especially
today's youth on accepting,adapting and adjusting towards unconventional doctrines
blindly,indulging in abnormal activities in the name of modern societies as well
as deliberately undermining important obligations towards the family,religion and
societies.Anyway I am not a pious person too in giving such views but I do see the
importance of it as an individual.

3. The civilian of today tend to take offensive and impulsive methodology to conduct
things for as long the evil and horrific dreams becomes reality.No doubt one day
it will not be possible too see civilian becoming soldiers out of nowhere.I feel
those who trumpeting for extreme rights take for granted on their public speaking
skills.I'm jealous over it.Sigh.
In this case,I do admire Westerners as well as Singaporeans to some extent
for preserving national, social and culture values highly although among
themselves internally have the differences in ideas but still portraying solid
unity.

4.Domestically aren't those acts be seen as the threat? We often look things in a
short-term manner by demanding dissolution of certain rules, amending this and that
obstructively without considering the rattling effects of social and
cultural sensitivities after all!!

5. We need to Remember!! That our country is only 52 years old and
would require strong and muscular level of intensity to propel ahead and seriously
have not enough time to 'tickle' each other in meeting the needs of globalization
and fast changing world!

KLSE STOCK PICKING

Let's go something different this time;

a) I just wish to add some spice over the rally on KLSE up to 925 point on April 6 2009 whereby
certain fundamentally stocks has been left behind in terms of valuation due to missing
brokerage coverage i guess.Judging from the situation i am overweight on property-related
stocks.

The stock mention is

GLOMAC (5020) trading at RM0.53 with P/E ratio of 4.2 times - had GDV of RM3 billion

as compared to

MahSing (8583) trading at RM1.66 with P/E ration of 11.2 times -had GDV of of RM3.8 billion

b) As for the construction sectors Zelan could probably seen on the rise and fair value was set to
90 Sen by the brokerage company and the stock tracker recorded higher and higher buying
volume.If I got the chance I wish I can get accumulate Zelan as it has been strongly link to
MMCorp and IJM.

c) MayBulk seems to be building solid base over the short-term as well due to 30 sen Final
dividend pay-out

*The comment stated is for the information and doesnt' recommend buy/sell.All risk are at your sole discretion.