Friday, December 11, 2009

Nestle replaces Parkson in FBM KLCI

 Nestle will replace Parkson Holdings in the FBM KLCI in the FTSE FBM KLCI following the semi-annual review approved by the FTSE Bursa Malaysia Index Advisory Committee yesterday. In a joint statement yesterday, PTSE group and Bursa Malaysia said that the change would take effect from 21 Dec, and the next review would take place in June 2010.

(Source: Financial Daily)

Thursday, December 10, 2009

Upheaval continues at TCW

NEW YORK (MarketWatch) -- Asset management giant TCW Group is facing trouble on several fronts after firing its chief investment officer Jeffrey Gundlach last week.


Monday, December 7, 2009

Parkson Holdings (Parkson, 5657)

Parkson stock's price is capitalized at 5.39bln compare to stock Price RM5.20. By paying this amount, it's intersting that investors get in return.

1) Business offers negative working capital, but ROE is pretty impressive.
2) Parkson is much cheaper entry into Parkson Retail Group.
3) China's economy nowdays is similiar to Japan's economy of Sixties/Korea's of the Seventies.

Special Situation Blog rate Parkson Holdings -> Undervalued.

Our Ratings:

Parkson Holdings (Parkson, 5657)

Parkson Holdings plans to open 12 news outlets next year

Department store operator Parkson Holdings Bhd plans to open 12 outlets next year in the three Asian markets that it operates in, chairman and managing director Tan Sri William Cheng said. The target exceeds the number of stores opened this year and reflects optimism that business will improve in 2010 as the global economy recovers from a recession. At least half of the upcoming stores will be set up in China, while three may be in Malaysia and the rest in Vietnam, he said. Cheng expects the group to enter a new market, Cambodia, at the end of next year. The first store to open there will be in the capital, Phnom Penh. (BT)

Sunday, December 6, 2009

Investment Style

"Contrarianism is a challenging but rewarding investment style" - Fidelity Anthony Bolton

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Anthony Bolton
Anthony Bolton left Cambridge University with a degree in engineering to start a career in the City. In 1979, aged 29, he was recruited by Fidelity, the international fund management group, as one of its first London-based investment managers, a move that proved to be the launch of a long and successful career as an investment manager. In surveys of professional investors, he is regularly voted the fund manager most respected by his peers. He will be retiring from full-time investment management at the end of 2007, while continuing to work part-time at Fidelity and spending more time on his charitable interests and his hobby, composing classical music. Anthony Bolton is married with three children and lives in Sussex.

I will post some investment strategies from Anthony Bolton in future. Please contact me if you need more information about this e-book. Thanks.