Saturday, July 24, 2010

Alert : Malaysia could be Next Zimbabwe?

Refer to Above Table, it shows Malaysia Equities Market/Investment Capital Inflow is decreasing rapidly. What happen if your RM currency value divided by 5? Food & Oil price x5? International Fund Manager is  worrying about Malaysia Equities + Government Debt and they started to underweight Malaysia Equities to reduce their risk.

Friday, July 23, 2010

Treasury plans to sell 30% more of its Citi stake

WASHINGTON (MarketWatch) -- The Treasury Department announced Friday that it intends to sell an additional 30% of its remaining 5.1 billion Citigroup common shares. Treasury said has given its agent, Morgan Stanley, the authority to sell 1.5 billion shares. Treasury has already sold 2.6 billion Citi /quotes/comstock/13*!c/quotes/nls/c (C 4.01, -0.08, -1.96%) shares in return for $10.5 billion in gross proceeds. Treasury said the trading plan will end on Sept. 30 even if all shares have not been sold because of the blackout period set by Citi in advance of its third quarter earnings release. The government received 7.7 billion shares of Citigroup common stock last summer, the result of several bailouts of the financial-services giant

Thursday, July 22, 2010

Adolf Merckle : Successful Short Seller?

Adolf Merckle (March 18, 1934 – January 5, 2009) was a businessman, and one of the richest people in Germany.[1]

Merckle was born in Dresden, Germany into a wealthy family. Most of his wealth came from inheritance. He developed his Bohemian grandfather's chemical wholesale company into Germany's largest pharmaceutical wholesaler, Phoenix Pharmahandel. His family also owns the generic drug manufacturer Ratiopharm, and large parts of cement company HeidelbergCement as well as vehicle manufacturer Kässbohrer.

He was educated as a lawyer but spent most of his time investing. He lived in Germany with his wife and four children.

Merckle made a speculative investment based on his belief that Volkswagen shares would fall; however, in October 2008, Porsche SE's support of Volkswagen sent shares on the Xetra dax from €210.85 to over €1000 in less than two days, resulting in losses estimated in the hundreds of millions of dollars for Merckle.

In 2007 he was worth US$12.8 billion by most estimates (Forbes), and by December 2008 he was worth $9.2 billion, a loss of $3.6 billion. In 2006 he was the world's 44th richest man, dropping to 96th place by December 2008, but still one of Germany's five richest men.

Adolf Merckle committed suicide on January 5, 2009 by throwing himself in front of a train near his hometown of Blaubeuren.[2][3] It was believed that his cement company was unable to make payments on a huge loan taken out to purchase an English competitor, Hanson

Sarawak Oil Palms Bhd (SOP) - Signed deed of variation

Pursuant to the its proposed joint venture with Shin Yang Holdings S/B to develop oil palm plantations on 3,380 hectares of land in Sarawak, both companies have entered into a deed of variation to vary the terms of the share subscription agreement dated 25 Jun 2009.

Wednesday, July 21, 2010

ConocoPhilips : Quarterly Dividend

ConocoPhillips (NYSE:COP) has announced a quarterly dividend of 55 cents per share. The dividend will be payable on September 1, 2010, to stockholders of record at the close of business August 2, 2010.

ConocoPhillips (NYSE:COP) has headquarters in Houston, Texas, and is the world’s third largest integrated energy company. At the end of March 2010, and including interests worldwide, ConocoPhillips had $155 billion of assets and $179 billion of annualized revenues.

ConocoPhillips employs approximately 29,900 people worldwide.

Tuesday, July 20, 2010

China : Export Growth may slow in second Half 2010

China’s export growth may slow over the rest of the year to less than half the pace of the first six months.Weaker export growth may exacerbate a second-half slowdown in the expansion of the world’s third-biggest economy, encouraging the government to limit gains by the yuan against the dollar. (Bloomberg)