January 29, 2012

Strange Foods-The Daring Kind

Yes, for those who would not squirm; brave to try extreme foods, we have some surprise for you from the four corners of the earth. For some, do not think, just eat!

Here are some of the real food oddities.

Rocky Mountain Oysters

Not for the Weak Hearted

Don't think they are the every day oysters served at prestigious french restaurants. These are different. What is so strange about oysters? Probably the fact that they're not the kind you find at the bottom of the ocean.

It is but rather a fancy name given to deep-fried testicles of a buffalo, bull or boar. Rocky Mountain oysters (also called Prairie Oysters) are well-known and regularly enjoyed, in certain parts of the United States and Canada, generally where cattle ranching is prevalent. The testicles are peeled, boiled, rolled in a flour mixture, and fried, then generally served with a nice cocktail sauce.

Haggis

Scottish Delight

This is a traditional Scottish dish, haggis is made with the minced heart, liver and lung of a sheep mixed with onion, spices, oatmeal, salt and stock, and boiled in the sheep's stomach for a few hours. Larousse Gastronomique, a popular encyclopedia of gastronomic delights, claims that haggis has "an excellent nutty texture and delicious savory flavor."

Haggis is available year-round in Scottish supermarkets and made with an artificial casing rather than a sheep's stomach. In fact some are sold in cans to be heated in a microwave before eating. Similar dishes can be found in other European countries with goat, pork or beef used instead of sheep.

Casu Marzu

Rare Living Cheese
Found in the city of Sardinia in Italy, casu marzu is a cheese that is home to live insect larvae. These larvae are deliberately added to the cheese to promote a level of fermentation that is close to decomposition, at which point the cheese's fats are broken down. The tiny, translucent worms can jump up to half a foot if disturbed, which explains why some people prefer to brush off the insects before enjoying a spoonful of the pungent cheese.So, eat with care if you do not want jumping jellybean larvae in your plate!

Fugu

Deadly Delight

Fugu is the Japanese word for the poisonous puffer fish, filled with enough of the poison tetrodotoxin to be lethal. Only specially-trained chefs, who undergo two to three years of training and have passed an official test, can prepare the fish. Some chefs will choose to leave a minute amount of poison in the fish to cause a tingling sensation on the tongue and lips as fugu can be quite bland. Perhaps the fuss of fugu is more in surviving the experience than the actual taste of the deadly fish.So, are you game?

Sannakji

Finally, we have the sannakji.

Live Tentacle Meal
With sashimi and sushi readily available the world over, eating raw seafood is no longer considered a dining adventure. This Korean delicacy, the sannakji however, is something quite different, as the seafood isn't quite dead. Live baby octopus are sliced up and seasoned with sesame oil. The tentacles are still squirming when this dish is served and, if not chewed carefully, the tiny suction cups can stick to the mouth and throat. This is not a dish for the faint hearted!

There are other stranger foods, I am sure, but we will deal with them again in another posting.

Meanwhile, happy meals to you!

January 28, 2012

Reflections of Yesteryears

Rushes of Nostalgia
I have tried my hand at writing. So far it is in the domain of short stories. Really short ones, I mean. Whatever they are, they helped to communicate a bygone era and help bring on the rushes of the nostalgic yesteryears of the 60s.

Here are the stories.

1.    Con of their Salaries

They were waiting for them. After all, it was payday at the estate and they were bound to come, as they were incorrigible gamblers. But they were suckers most of all. This was not the first time they were taken to the cleaners. Fong and his fellow conmen waited. A dim light in the distance signaled the prey had come just like clockwork.

The poker tables laid set and they started the gambling session after a flurry of greetings and backslapping. A few bouts soon and the father-and-son pair were cleaned off their monthly salaries. Operating on body language, the conmen ensured their player with the best hand took the pair down every time.

2.    The Pumpkin Man

The arrival of the pumpkin man was an event. With his long pole, straddled upon his shoulders, he was a sight to behold. All the children ran helter-skelter towards the approaching figure. They were not afraid of him. Smiling at the children, he doled out sweets to them. They all ran off after getting their share. He ambled to Kok Long’s wooden house.

Putting down his pole and the two bundles it balanced, the pumpkin man swiped his forehead of the sweat that was dripping down from his eyebrows. Kok Long saw him from a distance. This chap wanted some cash again, he murmured to himself. After their usual high-spirited greetings, they squatted on the ground and traded the latest stories of their province in Hainan Island..

THe pumpkin man then unfolded the two bundles, which displayed the fruits of his labour from his garden plot. There were many types of root vegetables and some nice looking pumpkins. Kok Long gave the pumpkin man a dollar. He was indeed so pleased that he hugged Kok Long. Whistling a tune, he left Kok Long with the pumpkins and the other vegetables on the ground.

3.    The Share Sale Lifeline

It was that time of year again. The rains beat down hard on the laterite tracks. Work at the plantation had to stop. Daily wage earners were hard-hit. Wages shrunk every year at this time. Nobody could go out to tap or to weed for most of the month. Whilst some sulked at home, others went to town to make a new pair of shirt or to buy new shoes and other domestic requirements. Tappers were busy sharpening their knives while others took this opportunity to catch up on much needed sleep.

It was the season that Indians who had shares in the National Land Cooperative Society hawked their shares. Some used them as deposits for quick loans to tide over their debts. Others sold them outright for a fraction of the price. It was during this rainy season that they go and look for saviours. The estate shopkeepers were oftentimes their targets.  If they were lucky, the share certificates would be accepted in lieu of payment for debts. If not, then they looked toward the estate staff for loans, bearing the certificates as deposits. Kok Long has been approached many a time and as he was a soft-hearted man, he had now a collection of these certificates. What is their true worth, he did not know. He only wanted to be a caretaker of the certificates until they were redeemed. Oftentimes, they remained in his hands forever. His wife also had been nagging him to get rid of them. He has been quite unsuccessful though despite his pleas to the lenders to take them back. The shopkeepers and senior staff of the estate echelon were reluctant to take the risk of holding such certificates. To this day Kok Long still own most of them but they are now re-registered under his name or that of his children.

4.    Chicken and Cakes Offerings for the Corruptibles

To the estate worker, the practice of offering gifts to their supervising boss did not amount to corruption. They were likened to appeasing the powers-to-be. A couple of days before Deepavali, the festival of the lights, tappers intending to get the favour of the supervising officer in charge of the tapping department will journey to the nearest town to buy goodies to be gift-wrapped for this estate official. They then go to the market to get a live chicken.

In the evening, they will cycle to this boss man’s home and present the gift hamper and the cackling chicken to him. That done, they prayed and hoped that this tapping supervisor will remember them when choice tapping lots became available the next time around.

5.    The Cramped Pirate Taxi "School Bus"

It was normal in those days. As only few estate children attended school in the nearby town, the only way to get to school and back were by a big black car that operated as the public conveyance. Oftentimes, ten children were cramped in the car and their faces were literary push-glued to the window screens as the vehicle swing through the narrow windy road to town.

When the vehicle turned right or left, an indicator will appear magically at either side of this huge car. It flashed yellow for sometime and then retracted, to the pleasure of the children in the car. When the car stopped, the children slowly extricated themselves, breathed easy and strolled away.

6.    The Weekly Cinema

The monthly cinema show is a sight to behold! It represents a singular pleasure to be had besides the toddy drink in an estate. Sitting through a cinema show at the hall is an event to behold!

By 5p.m., all colours of mats were placed on the floor of the hall. Some children were already there, running around and there were mothers feeding their babies while waiting for the show to start. By 7 p.m., the projector crew would arrive. They carried the equipment to the special projection floor built above the floor and stated running a wire to the front where two speaker boxes were placed. By this time, the hall is filled to the max.

At 7.30 p.m. the show of ten began with a cartoon feature and there with whoos and waahs all round. When the main feature started- an Tamil movie-everyone would clap and soon will quieten down as they get engrossed with the movie.. When the hero won a fist fight, the audience clapped and when his nemesis appeared, they booed. It was like this most of the time.

When the show end, as if by magic, all the mats disappeared. There was silence except for the projection crew, who were left to dismantle the equipment and to switch off the lights in the silent hall.

7.    The “Home Church"


Church Day for many was Sunday. People from all around would congregate in the house of the Lord for fellowship and to listen to the sermon of the week. The message was often deep and needed a great deal of reflection. The congregation then parted way until the following Sunday.

Not every one could attend church regularly. There were those who were 'most privileged' whereby the pastor would come by to their homes on another day to have fellowship with them him and their families. These sessions occur when the pastor had time to do so.

In Kok Long’s estate, there were a handful of Christians. As they found it difficult to come to church, the “church” came to them.  More often than not, the pastor was ferried to the estate by one of the members who had a car. Fellow Christians will then gather in Kok Long’s house and worship the Lord. They really felt blessed to have such a kind and understanding pastor. Hallelujah!

8.    The Chinese Opera

The Chinese opera was in town. The temple, which organized this event, was beautifully decorated and the scent of the burning joss filled the air. The famed opera troupe came from a village called Machap. As the performers were mostly owner-rubber tappers, they took time off to perform for the three days which they were hired for. Apparently the fee was relatively good.

The crowd milled around the stage as the temple officials gave their respective speeches. Then, one-cent coins and colored rice was thrown from the stage as part of the ceremony. Those in front, rushed to get the coins.

The musicians provided soothing classical music as the opera began. The crowd was entranced. Kids however were more tempted by the ice-cream sellers nearby. The grassland  in front of the stage was all muddy after much trampling by the eager audience.

It was Chee Kiong’s first exposure to Chinese opera and the songs, movements and gestures of the actors and actresses mesmerized him. His mother had informed him that the gestures had operatic significance in telling the story. In fact, the lead actress was so beautiful that Chee Kiong stayed behind after the show.

Waiting at the backstage, he wanted to see how she actually looked minus all that gaudy opera make-up. It was worth the waiting as she came down soon. She was really lovely and Chee Kiong had a instant crush on her. He still felt this way even today whenever he recalled his education of Chinese opera .

9.    The Encyclopedia Britannica

One cannot describe Kok Long as a gullible person, really. He first met Sia Kee Guan, at the office. It was certainly not because of the beautiful pictures he saw in the encyclopedia that made him to want to buy the set of ‘knowledge books’. He was thinking wishfully how much his children would enjoy these books, hoping that it will spur them towards learning.

The set of books cost a bomb but Kok Long was happy to be able to pay them in installments. He paid religiously every month by sending off a money order. He then bought a bookcase where he proudly displayed the books in the hall. Visitors to the house were, no doubt, impressed though in their hearts, they were thinking otherwise.

Sad to say, the books were hardly used. The children glanced through the pictures but gradually lost interest. Over the years, they all grew up and never did touch those books ever again.  It was not really a bad investment because it gave Kok Long so much false pride in ownership. On hindsight, the money could have been used to buy an acre of good rubber land.

As the years passed by, Kok Long even used a copy to prop his flagging pillow when he slept. When he moved out from the estate on retirement, the set of books, silverfish riddled, was abandoned.

10.    Grandma’s Visit

Grandma’s visit was joyfully awaited.

When news came that Grandma will be visiting, the children got all excited. They all loved Granny as she was a kind-hearted person; never a nasty word from her to anyone. She hardly visits and every visit was an occasion to celebrate.

The children saw a silhouette of a distant figure on the horizon. Granny, in the distance, appeared strong for her age and her walk was steady and firm. She carried a heavy basket in her right hand. The children screamed at the top of their voices and ran toward Granny. Mother came out of the kitchen and beamed a smile of happiness, as she has not seen her natural mother for some time.

The guest room was well made and Seng Koi led Granny to her room. Granny gave each child a present of sweets and a tee shirt. They loved their presents and kissed Granny on her cheeks. That night they had chicken for dinner and gathered around Granny to hear of her tales that pleased them no end.

Granny’s short stay was memorable.

Up to this day, even as Granny is no longer with them, the children still remembered her with quiet fondness in their hearts. They loved her and were sad to hear of her passing. She was such a dear, kind and wonderful soul; a paragon they would like to emulate.

January 24, 2012

Dinner at Perdana View

Toast and Boast?
Apart from the reunion lunch that I had with my father,this was the first dinner among friends for the lunar new year of the water dragon.

So, just before the appointed hour of 7 pm, we were at the approach to the Perdana View condominium in Damansara Perdana.

My friends, the Gans played host. We also got to meet new friends such as Jane and Monica.

After a good dinner and a glass of red wine, we adjourned to the coffee table to talk shop.

Some interesting issues did crop up. One was about why a  child from childhood days should show affinity to demonstrate his interest in the opposite sex. Instead of playing with boy toys, the preference was for Barbie dolls. As much as their parents wanted to stop the Barbie toy playing, it all came to naught. From toys it graduated to make up and soon cross-dressing. Now he is a grown up male steward of the gay kind.

Then we broached the topic of same sex marriage among females. If the one that plays the male role in the relationship is called a butch, then can we rightly labelled the other partner a bitch? Also when one of them give birth, how is the egg fertilised-inside one of their bodies or in a petri dish. Also did they procure the sperm from the sperm bank?

Need to read more on this.

Good dinner and good company.

What more can you ask for,my friends?

January 23, 2012

Homeward Bound in the Dragon Year 2012

Glorious Dragon

We started off for Malacca to see my Father at 9.45 am. Though we had planned to be ready by 8.30 am, it was akin to building castles in the sky to have that realised.

Traffic was okay and my wife took over the driving from Nilai onwards. Except for two near-driving mishaps, all turned out well. Traffic however slowed down to a crawl at the toll plaza at Ayer Keroh. We lost some 40 minutes here.

We were fortunate to meet up with my younger brothers and their families. There was great bonding and we had our traditional CNY lunch. We also met up with some nephews-Alan, William and Patrick.

My wife and I took turns to drive back home at 3.30 pm. Traffic was choke-a-block from Pedas-Rasah to Seremban.

After a short rest at the Seremban R and R area, my wife took over the wheel. We got home at almost 6.45 pm.

Altogether an eventful first day of Chinese New Year in the year of the rain dragon.

January 22, 2012

Welcoming The Water Dragon

Dragon Glory 2012
Yes, in twenty five minutes, the water dragon of 2012 will rear its head.

For many, they pray for good fortune as well as good things for their loved ones.

Some believe the Mayan year in 2012 will spell the end of the earth.

For me, I will enter the fifth cycle of the dragon and pray that this will be a good year for me, my family and my good friends.

January 19, 2012

Digi: Another Dividend for Shareholders

Yest Another Dividend
Isn't this not a good share or what?

Having some 9.9 million phone subscribers of both voice and non-voice, Digi achieved better results this time around.

Mobile data revenue exceeded 30% of the group's service revenue for the fourth quarter. Revenue fro the group upped 10.3% to 6.0 billion while EBITDA was RM2.8 billion.

Capex investment was also stepped up from RM550 million to RM660 million. This is done to step up site  roll-out and to increase capacity. Operating cash flow rose to RM2.2 billion.

Digi currently has 5.2 million active mobile internet users.

So, it is now giving out another generous interim dividend. A 6.5 % dividend for the new 1 sen par share.

Digi has been re-rated to a new target price of RM4.40 by some analysts.

When will this new Rubicon be attained or crossed?

Currently, Digi is priced at RM3.93 as it closed for the long Chinese New Year break.

Many analysts expects the Bursa to climb steadily after this long break.

Will Digi move up beyond RM4.00 in the near term? Only hindsight can tell.

Happy Chinese New Year of the Water Dragon to you!

January 18, 2012

Berjaya Foods: Sizzling Mood

Adding value in Indonesia
Yes, after a quiet start last week when it showed life after a long period of hibernation, the counter rocketed 9 sen today to touch RM1.10 after the company announced it has successfully inked a deal with the franchise holder of Kenny Rogers Restaurants (KRR) in Indonesia.

Taking over 51% of the shares of the franchise holder, PT Boga Lestari Sentosa  is definitely going to add a fat bottom-line to Berjaya Foods given Indonesia's huge population.

As Indonesia is showing more prudent economic development these days, the income of the local Indonesian will definitely improve giving them affordability to dine in KRR joints.

I think the time for a re-rating of the counter is close at hand as BJ Foods ready itself for the 4 for 5 rights issue of RM0.65 sen per share.

BJ Foods closed at a good price of RM1.09 this evening.

January 17, 2012

Mesiniaga-Superior Dividends?

Dividend Payor
If you look at the dividend trend of Mesiniaga, you will be persuaded to invest in this RM2.00 plus counter.

Let us look at the dividend track record of the company from 2003 to 2010.

2010: 20 sen less 25% tax (15%)
2009:19 sen less 25% tax (14.25%)
2008:19 sen less 26% tax(14.06%)
2007:19sen less 27% tax(13.87%)
2006:19sen less 28% tax(13.68%)
2005:19 sen less 28% tax(13.68%)
2004:13sen less 28% tax(9.36%) + 3 sen tax exempt > 12.36%
2003:13sen less 28% tax(9.36%) + 3 sen tax exempt > 12.36%

Thus it can be seen that the average dividend received is 12.36% to 15%. This will work out to 13.65 sen per share

Assuming that you have expended RM2.00 to buy 1000 shares of Mesiniaga in 2003, you would have received 13.65 sen of dividend per share per year.This will work out to RM135.50 per year times 6 years which should earn you a tidy sum of RM813.

Compared to a fixed deposit rate of say, 3%, you would have earned 6.83 sen per RM1 investment or an equivalent of 3.83% more for every ringgit invested.

If Mesiniaga can maintain its dividend policy and rate payout, then we can say that it is one great stock to derive returns from!

January 16, 2012

Standard and Poor's European Downgrade

Making Everyone Poorer!
When the news came into the market that Standard and Poor's have downgraded the credit ratings of some major European economies, everyone expected the backwash effects to overwhelm Asian markets and Wall Street.Only Germany withstood the downgrade.

As there were no illuminating news from Wall Street, today saw a swath of red ink encompassing major regional markets.

So Bursa went down more than 14 points at today's close.

Even resilient shares like Digi got hit and went down 3 sen.

 The big boys like BAT,Genting Berhad, GAB and Dutch Lady took wallops at their broadsides.

Interestingly shares such as Maybulk bucked the trend. What is happening here? Is Kuok taking this counter private as well? Good to watch for any developments here.

Also shares such as LPI recovered on closing to end unchanged at RM14.00 as the dividend payout of 50 sen occur on this Friday, 20th January.

Genting Cheapens!

I was in Genting Highlands last week-end and yesterday as well.
Cheapened Product

What I have noticed is there is a lot of cost cutting.

For instance, there is no longer any Milo for casino patrons. The tea once served with sugar and cream  is now without sugar and the coffee with sugar taste like it has been recycled many times over.

Then, let us look at the New Orleans Restaurant in Monte Carlo Casino.

Where in the past, you can have any numbers of refills of soup, salad and coffee, they have now put up signs that forbade any refills. Charges or surcharges are posted on the tables and well as at the place where the soup is ladled and at the salad bar;so if you are caught infringing this new condition, you pay the price-lah.

I think Genting is not being productive to maintain quality but just cheapening itself.

How sad!

January 12, 2012

Digi: The Long March

Remembered all the long marches in the world?

Long March and Suffering

Yes, the long march of Mao Tze-tung was one and it brought the country independence.

Or of the concept of 'long suffering' which Christians oftentimes  mention in living the life of a Christian with its trials and tribulations.

Going back to Digi, since it went ex-split and opened at RM3.49, the climb has been steady with its usual ups and downs. At the current price, the stock has climbed up by 40 sen.

Currently, it is trading in red ink at RM3.90 after hitting an inter-day high of RM3.95.

As it is Friday, do not expect much up side.

Digi closed down 2 sen to RM3.90.

January 10, 2012

LPI: A Great Investment Adventure

A 6 fold return
Based on the 2010 LPI Annual Report,an investor who bought 1000 shares in the company  in 1993 and kept it until this day will be in this position at the end of 2010.

Based of the price of the shares and the subsequent bonus and rights issue, that shareholder will be having RM113,875 worth of LPI shares. Add the dividends paid of RM39,750, it means that for the  shareholder  would have pocketed RM153,625 if he sold all his shareholdings on the last trading day of 2011. The rights issues quantum expended was only RM10,730 thus far. On a 17 year period, the annualised returns worked out to some 27.3% returns.

In 2010, a bonus issue of 1:2 and a rights of 1:10 at RM7.00 were issued and traded. A shareholder with 1000 shares will have to pay RM700 to get 100 shares. With the bonus issue of 500 shares thrown in, it means he will have 1,600 shares.

When the shares traded in September, from RM18.00 it went down to RM11.94 to accommodate the bonus issue. At RM12.00, this shareholder would have RM19,200. It you deduct RM700 from this value, the net benefit for the shareholder will be RM500 in September 2010.

Today at RM14.00, the worth of the shares for that shareholder will work out to RM21,400 (after deducting for the RM700 for the rights value).

An investor who bought into the share at RM18.00 cum rights would have earn RM3,700 as of today. That will work out to almost 20%. Add the special dividends when the shares go ex on 20 January, it will mean a return of 19.2% per annum. This is certainly better compared to the 3% and below fixed deposit regime in the banks today (by 6 folds!)

LPI closed 10 sen down at RM13.98.

Is LPI a great defensive stock or what?

Solid Defense
On 16 January, BNM has allowed insurance companies to increased the premiums on motor vehicles.

At this juncture, I do not know how much of motor insurance does LPI has in its portfolio. I will certainly be researching on this as it will certainly impact upon the improving profit of LPI.

When Teh Hong Piow started London Pacific Insurance (LPI), not many expect it to move up up the way it did.

In 2010, it gave  a bonus of one for every two shares held and a rights issue of RM7.00 for every 10 shares held. At that time, the share was trading at about RM13.00. It exed about RM11.80 and hovered beyond RM12.00 in a short time.

Beginning January 2011, it elevated itself to RM14 and subsequently went south by the middle of January and thereafter slid into the RM12.00-13.00 price range. There was an upsurge to RM14.00 again  during the month of July. It then went down once more right up to the RM12.00 price cohort. By October it was in the RM11.00 cohort.

From December is moved up to build a base around the RM13.00 range before the run off to RM14.00 when it touched RM14.10 yesterday(10 January 2012). This represented a 22 sen up from the day before.

Today, it is building a base above RM14.00 until the stock goes ex-50 sen special dividend on 20 January.

Good entry point or what?
 LPI is a defensive stock alright. I will trace its dividend record in the next post.

Digi: Sight Setting

As they say, " the spirit was willing but the flesh is weak."

Targeting beyond RM4.00 on hte cards

That aptly describes the flurry of buying action on Digi when trading started this morning.

The interesting thing to note is they shot the counter price to RM3.99, a heated breath away from the psychological RM4.00 mark. What does this mean? Sight setting.

It you ever underwent military or even para military training, you would know that setting the target from the front-sight and the back-sight on an Armalite  in a straight line shoot hit the target with ease even if its 40 yards away.

And so in the case of Digi, it looks like a price assault beyond RM4.00 is on the cards.

Only thing is when.

Right now, Digi has sunk into the bowels of red ink at RM3.89.

RM3.91: A Sen up at the Close
When market closed, there was some last minute buying, bringing the stock to close at one sen up to RM3.91.

Digi's Next Rubicon

Moving closer to the RM4 level
I think it has been a long time coming.

Except for a brief jump to RM3.95, Digi has been skirting around the RM3.86 level.

The last half hour spurt today that brought it to stick at the RM3.90 is certainly noteworthy.

Will it hit RM4.00 and beyond before Chinese New Year?

Will is go beyond RM3.90?

We have to see that happen,won't we?

January 09, 2012

Top Glove-Strange but Safe Philosophy

Number One Globally!
 I attended the AGM of Top Glove this morning.

On registration, we had a door gift pack of an organiser bag, 50 pieces of thin gloves and a garden glove.

It was an interesting AGM.

As they say, you get 'educated' after every AGM you attend.

I did get educated this afternoon. Here are some of my learning points.

Interim dividends can be declared without shareholders approval but not final dividends.

Revaluation of property helps to reflect true value of assets but it cost money to do so. The worse thing is after revaluation, the asset value may drop(Remote, I guess).

So, it is Top Glove's policy not to revalue its property. They are more interested in profit and profit expansion year after year.They are interested in long term gains and not short term profits. They are interested in being the number one latex glove producer in the world.

Their current reserves can amply fund special dividends and bonus issues without resorting to asset revaluation.

So, in a sense, Top Glove is an undervalued share.

There was morning tea with light refreshment of mee-hoon,popiah,sandwiches and cookies before the meeting. Top Glove was generous and gave us guava juice and tea/coffee at the side.

For lunch, we were provided with a muhibbah lunch-table style. Food was good. We had clear Chinese soup, fried cuttlefish,chicken in coconut milk,fish fillets,stir-fried mixed vegetables and Japanese tofu. Dessert was a slice of rock melon,a strawberry and a mango pudding.

For drinks, there was a selection of rose syrup,coffee and tea.

This is one counter to watch. It was trading at RM5.00 this morning.

Felda Global Ventures Holdings IPO

Felda Global Ventures Holdings (FGV) is expected to list by April or May 2012.
IPO-Boon or Bane?
 Three foreign and two local merchant bankers are tasked with the job as to the timing of the IPO.

The FGV will involved the leasing of  only FELDA-owned land to FGV.

As Koperasi FELDA is the biggest owner of FGV, their rights on the surface seems quite protected.

According to government sources, FELDA  cannot hold on only to oil palm and rubber as their chief money earners as high prices cannot be guaranteed all the time

It added it pays for FELDA to look beyond bottom line earnings from just these two commodities and FGV is poised to go beyond this horizon by looking at other potential earning sources.

January 05, 2012

Digi: The Retailer Selldown

Retailers' Selldown?
The number of sellers and buyers were not disproportionate. The number of deals done were certainly biased towards the belligerent buyers who brought Digi slowly down by the sen.

Though the market is still riding on a positive note, that Digi could spin down despite yesterday's good closing beckons the RM64,000 question. What gives?

Digi lost a clean 6 sen to RM3.82 at its lowest and it is now trading at the RM3.83-RM3.84 range.

As the morning moves along, will there be an abatement of weak sellers?

The afternoon session was as lacklustre with bargain hunters calling the shots.

Digi lost 2 sen to RM3.86 for the week.

January 04, 2012

Digi: Is this a Solid Beginning for 2012?

Two false starts. That is what happened to Digi when trading resumed during the new year. On 3 January, it touched RM3.89 before falling back to RM3.81.

Ibex style

Then yesterday, it went out bungee jumping without a rope after touching a new high of RM3.95. Then is lost its pants to close at RM3.79.

Today, it started more somberly. Every step it took was more sure footed like a mountain ibex. From a good 2 sen start at RM3.81, it is now hovering at the RM3.85 to RM3.86 divide.

By day's end, Digi touched RM3.88 and sat there prim and proper with a 9 sen gain.

Time for Myself


This year I have set time for myself.

From Monday to Friday, it is time for myself. To do what I want and to fulfil family obligations.

This year, I have to chart a path for my son's tertiary education and to support the growth of my daughter's career.

This year, I intend to do local travel before proceeding beyond the national borders.

This year, I intend to read more of the Bible and through it to know more about myself.

This year, I intend to see more of my parents.

As for Saturdays and Sundays, I devote these two days to teaching the students who are still under my tutelage.

As for the stocks, I must practise patience for good entries and exits.

Easier said than done but I must attempt to ensure there are more hits than misses.

Berjaya Foods: Defreeze?

A Gathering Storm
In slumber mode for a long time, Berjaya Foods finally reared its head. It started gathering buyers and there was an apparent push to RM1.05.

This is a good start for the new year given the rights issue must be completed by the first quarter of 2012.

To make the rights attractive, Berjaya foods must be sprung to at least RM1.30 to ensure full uptake.

Roasty Flavour profits
I am sure this counter is well controlled by some majority shareholders given the long dull period of inactivity which is so convenient for them to collect the stock.
Frappacino

If the buying trend does not subside, expect action on this counter. Maybe some angpow for you to spend by 20th January?

Is this an uptrend indicator?

Digi: The January Defect?

When global news turn positive,punters will play up stocks-especially day traders who will square off their position by day's end.

New benchmark at RM3.95

Also, this is driven by the more than anticipated January effect. Fund managers will have been given their war-chest to play into stocks to spin profits for their stakeholders.

And so it seems.

Yesterday, market went down marginally but today, it took off whirl-wind like pushing stocks to high heaven. Look at Genting, massive non-stop punting push the stock to beyond RM11.32. Similarly Digi shot up to no man's land of RM3.95. And then the sellers arrived to profit take all the way down until crimson colour rules these stocks.

Digi finished lower by 2 sen to RM3.79 while Genting was pruned by some 10 sen to RM11.14.

I go up, I go down
The bigger boys also had their gains trimmed such as BAT, Dutch Lady,KLK and Nestle.

Lousy day for trading. What January effect....more like a maddening January defect!

January 03, 2012

Adventa: Loss Recognition

Dismal Future?

 Despite rising revenue to RM430 million, representing an uptick of 25%,brought about by high shipments and better prices, Adventa experienced a dismal net profit of RM4.2 million in fiscal year ended October 2011. This is an 88% drop from RM35 million earned in the foregoing year.
After writing off exceptional losses of RM9.23mil, the current quarter ended Oct 31 closed with a first time quarterly loss of RM3.66mil, with pre-tax profit standing at RM5.57mil before exceptional losses.

Adventa blamed the losses to a small fire incident at one of the factories. A damaged storage unit took a hit loss of RM2.12mil in fixed assets while goods damaged came up to RM4.61mil.
“While insurance claims are processed, these are written off as a loss. In addition, an investment bond of RM2.50mil which was part of a CLOP arrangement loan five years ago was declared a total loss in October 2011 upon maturity by the trustees and this is written off in this quarter,” it said.
As at fiscal year ended Oct 31, its total borrowings rose to RM189.28mil, compared with RM130.6mil, while cash and cash equivalents dwindled down to RM13.3mil from RM41.5mil recorded previously. Last December, the group issued RM30mil in nominal value Islamic medium-term notes from the Islamic commercial papers/Islamic medium-term notes programme with a give-day tenure.
Moving forward, the group said the erratic dynamism of commodities and currencies created a difficult environment for management control in cost and sales prices.
“To find a sure formula to manage these factors well is a challenging task in view of the commodity and foreign exchange markets reacting very sensitively to news with less valuation based on fundamentals,” it said.
So, it is rough waters for Kelantan-based Adventa until better times come. Otherwise, do not expect magic here!

January 02, 2012

PPB: The Waikari Chinese Acquisitions

Waikari Sdn Bhd, a full-fledged subsidiary of Federal Flour has proposed to take a 20% interest in two Chinese-based comapanies namely-Dongguan Yihai and Yihai Zhoukou. Both are local flour millers.

Experience, Infrastructure and Customer Base

Federal Flour is 80% owned by PBB.

Penetrating China Piggyback Style

Why these investments at a lowly 20%?

According to PPB, this is to tap of the vast network of Wilmar in China especially its existing infrastructure and broad customer base. Riding on Wilmar's experience in China, PBB expect to navigate the procedural  and legal complexities and vagaries of trading in the various provinces as each apparently are governed by its own set of legal frameworks. Moreover flour consumption per capita is expected to increase in the burgeoning Chinese market. This is also in line with PBB strategy to expand its market share overseas.

The Chinese economy is also expected to be resilient despite the government easing of an overheated property market through interest administration.

Given the bright scenario and the realistic market penetrating strategy via taking minority equities in these local flour milling outfits, PPB expects it to offset for lower Wilmar dividends and to contribute to its bottom line, by and by.
International Bottom line Considerations
So, have a hard look at PPB and buy on weakness.

Go Go Genting!

"Go Go Genting!'. That is the sign on the sides of their buses.

Good start for 2012

I believe this must be a good year for the group sans the not too rosy reports from equity account associate Genting Manila.

Genting Singapore should continue to provide the lion share of profits with some from Genting New York. As for UK, just getting marginal profits should see the group through.

Genting Malaysia back home as well as the plantation arm should be stable earners.

With that, it is no wonder that the stock was punted up to RM11.20 at this morning session on heavy buying well beyond 34,000 million shares.

With the Dragon Year in waiting, Genting should go, go, go again.........up and up again.

January 01, 2012

Control and Command Freaks!

My DUMC senior pastor started the new year sermon by conducting an experiment on the congregation.


He distributed a rubber band to all of us.

The rubber band should be placed on your left wrist. If you have a complaint in your heart or have verbalized it, then you would have to shift it to the right wrist.

Any redemption at the end of the day will allow the rubber band to get back onto the left wrist.

I doubt many mortal can really pass this test. Not if done with absolute sincerely, and it will not be sustainable.

My reasoning?

 It is not how good we are but how we are build emotionally.

Stoic, we are not. No Man of La Manca are we!

The basic reason is a majority of us are control freaks save for a good minority of victims!

 Dealing with a control freak can take a lot out of you. The way they command attention and make demands makes it almost impossible for you to reject them except at your behest which could range from foul words to other forms of embarrassing anti-social behaviors.

They take over your will and you are rendered virtually opinionless much less a brain to work with. Soon, you've become the control freak's life-long zombie serf!

So, how does one stop this ?

Unless they are optimally incommunicado on the gray matter level, reasoning is the best way. Doesn’t work with me because the person is a freaked out savage where slave driving is the norm.  There is just no private time or private space. You are at the beck and call of King Ramses or a devilish Jezebel! You are fully stressed out by the end of the day!

Most controlling personalities have a fear of rejection or failure.  They do not know how to lose. So they become belligerent. They should be shown the psycho analyst couch pronto!

Dividend for you this 2012

Schroders predicts that 2012 will be dividend play in Asia.
Asian Dividend Performer in 2012
Why?


Returns of investments in Asian stocks have yielded 66% return on the long run for them.


Moreover both global and domestic factors will be underpinning this strategy.


As long as the Eurozone sovereign debt issue remains prickly, the forerunner of global dividend payout will no longer be Europe but gravitate towards Asian stocks.


Despite the romance with capitalisation gains, traditionally dividends has been the bedrock of long term returns globally as it reflects the actual dynamics of the economics of the day.


Schroders research has shown high dividend yielding stock has outperformed he market for the last 20 years!


The opportunity cost for entry now is low and payout should be good for yet many years to come.


So, I am going with Schroders' this year!


Look out particularly for CIMB,Maxis,Digi,GAB,BAT,Sime,MBB and other high yielding stocks in 2012 if you are playing Bursa KL.

Revel at the Urban English Carvery

Yes, at Hotel Istana, you can revel at a choice of lamb,beef and chicken roasted and be served in thin servings as your heart would desire.


The lamb was heavenly though the beef tasted ordinary. The chicken was just not up to par.

The soup was potato and leak and it was salty.


Some of the bread selections especially the garlic bread, pizza and a few pieces of crusty bread chips was great, to say the least.

The smoked salmon was noteworthy with its side dips of mustard and wasabi.

Some may like the fettucinni but I felt it was too spicy to my liking. Made in Malaysia?

There was a good choice of potatoes and I like the red Japanese ones best.

The dessert is really good especially the caramel and cheese cake.

To spice up the meal, we topped it with a maitai and a grenadine cocktail. The maitai was a little stiff but the grenadine was great!

There should have been fruits. That was sorely lacking!

All in all, the last restaurant meal we had for 2011!

Happy New Year 2012!

We reflect;we remember.

We regret;we resolve.

The new year is in, out went the old one.

Have one great year ahead, wont' you?

Here are some shots of the fire display in some major cities of the world.

Big Ben's fury
British Blowup
Manila Mabuhay!

German Glimmer

Moscow Marvel

Singapore Sky Shower

Sydney Sparkle
Surreal Sydney

Vienna Va va voom!