Marc Faber : prostitutes and beer are the only products still produced in the US

Marc Faber : "The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer, it will go to India. If we purchase fruits and vegetables it will go to Mexico, Honduras and Guatemala . If we purchase a good car, it will go to Germany and Japan. If we purchase useless crap, it will go to Taiwan. In short, none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US . I’ve been doing my part....."

Jim Rogers Video Interview ~ The 12 Banks of Death

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to centralize the issue of their money, 1st by inflation and then by deflation, the banks & corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."- Thomas Jefferson 

Zheng Tong Auto - A good buy in Hong Kong Exchange

Reason:
1)Automobile industry and car dealership business are BOOMING industry in China/HongKong.
2) Strong uptrend in FY2013.


Rating
Strong Buy for long term
 

2012 : A Dream Work Life Balance

Goals:
1) USD 1 million investment capital
2) Achieve 25% annual compounded return over 10 years.
3) Continue drive successful investment portfolio and strategy in contrarian investing.

Good Quote

Life is like a camera. Just focus on what's important and capture the good times, develop from the negatives and if things don't work out, just take another shot.

SJM Holdings (0880) - Cotai, Macau

SJM Holdings (880) said the Macau government has approved its plan to develop a casino resort in the Cotai area.

EBOOK : The Intelligent Investor - Benjamin Graham

Hi All Readers,

If you're looking for this ebook, you can contact us by post your email at comment session.



Thanks.

Investment Review : Altera, Agilent, Danaher

A Precious Message to Reader....

"Forget about advanced/core technology in technology company. Nowadays, we're talking about ROIC, Merger & Acqusition strategy to grow company working capital..."

Let's see what happen in these 4 companies.

Stock Performance from April 2001 - Oct 2012 

No. 1 ---- Danaher -  315.54%

No. 2 -----Altera -      58.6%

No.3 ------Agilent -    27.55%

No. 4 ------Intel -     - 13.14%

Business Description 

Danaher - Investment Holding Company - Focus on Merger & Acquisition in Technology Company with leveraged buyout. 

Altera - FPGA Chips, SoC manufacturer

Agilent  - Test & Measurement, Life science analysis 

Intel - Intel Processor

Conclusion:-

1) If you spend your investment capital in Intel/Altera/Agilent, you can't beat inflation. 

2) The technology company CEO is not a good investor. Don't trust them ! 

3) If you hold any technology company share, you should sell it as soon as possible.

4) Future is about Investment and how to beat inflation over long term.

Sept 2012 : Export Slump !

The economic indicator is telling us, the economy downtrend is happening. :)

Wilmar International Limited : A good buy ?

Market Cap : S$19.91B
Total Brokers : 26

Rating
14/26 : Hold
 6/26  : Strong Sell
 2/26  : Sell

Financial Briefs :
BRIEF: For the six months ended 30 June 2012, Wilmar International Limited revenues increased 7% to $21.49B. Net income decreased 52% to $373M. Revenues reflect Merchandising & Refinery segment increase of 6% to $17.21B, Sugar segment increase of 27% to $1.3B. Net income was offset by Finance costs increase of 54% to $322.8M (expense), Other Operating Expenses increase of 77% to $99.3M (expense).

Comments :
For me, bad rating, mean good chance to buy quality share like Wilmar International.

Question : Is this a good time to accumulate Wilmar International Limited share? Price range?
The best/value buy is S$1.50-S$2.50. Current market price is S$3.00. We have to wait this share drop another 18-20%.




 

Foxconn’s Indonesia Plans May Hit Infrastructure Pothole

JAKARTA –While electronics giant Foxconn Technology Group is thinking of coming to Indonesia for the country’s inexpensive workforce, analysts say it will also have to consider the country’s outdated infrastructure before it starts making iPads and other gadgets here.


More...

Altera 2nd Quarter Results

Altera (ALTR +12.19% to $34.41) reported 2Q sales of $464.8M, up 21% QoQ and down 15% YoY. Net income was $162.7M or $0.50 per diluted share compared with net income of $115.8M or $0.35 per diluted share in the 1Q and $214.6M or $0.65 per diluted share in the 2Q of 2011.

IHH Stages Strong Trading Debut

KUALA LUMPUR—After raising $2 billion in the world's third-largest initial public offering this year, IHH Healthcare Bhd., Asia's largest hospital operator by market value, staged a solid trading debut in Malaysia and Singapore on Wednesday.

The hospital operator's shares opened at 3.07 ringgit (97 U.S. cents) on the Malaysian stock exchange, 9.6% above their the IPO price of 2.80 ringgit, as investors scrambled to buy into what is viewed as a recession-resistant business, and ahead of the stock's inclusion in the country's benchmark index expected as soon as Aug. 1.

With 390 million shares changing hands, they closed up 10% at 3.09 ringgit, valuing the company at US$7.8 billion, the world's second-largest health-care provider by market capitalization after HCA Holdings Inc. HCA +1.50% of the U.S. at US$11.7 billion. Malaysia's benchmark 30-share FTSE Bursa KLCI index ended up 0.2% at 1635.09.

The offering adds to Malaysia's reputation as a hot spot in a tepid global IPO market after another local firm, Felda Global Ventures Holdings Bhd., 5222.KU -0.94% raised $3.3 billion last month in 2012's second-biggest share offering. Facebook Inc.'sFB +1.93% $16 billion deal tops this year's list.

The gains by IHH, which runs hospitals in Singapore, India and Turkey, were partly due to its backing by the Malaysian government and strong demand from 22 cornerstone investors, which are guaranteed large allotments in an IPO in exchange for agreeing to hold the shares for a certain period. Such investors also boosted Felda's IPO, as their presence helps calm jittery investors in a weak global market.

The cornerstone investors in the IHH offering, including the sovereign-wealth funds of Kuwait and Singapore and the investment arm of the World Bank, collectively took up close to two-thirds of the total shares that were offered.

...More

McDonald : 2Q results

McDonald's (MCD -2.88% to $88.94) posted for its 2Q a diluted EPS of $1.32 down 2% YoY ($1.38 expected) with global comparable sales up 3.7% YoY to $6.9B. The Co pointed out: "McDonald's global comparable sales remained solid for the quarter while overall results reflected the slowing global economy, persistent economic headwinds and the investments we've made to enhance restaurant operations and provide customers the everyday value they have come to expect from McDonald's. (...) As we begin the third quarter, global comparable sales for July are expected to be positive, but less than second quarter".

Jim Rogers: Water is China's Biggest Problem

Olly Ludwig: So, you don't see grounds for arguing that the China juggernaut has played out? People talk about the water-shortage issue, for example, as an inherent impediment that could become profoundly problematic and slow the whole Chinese success story down.

Jim Rogers: I guess I didn't make myself clear: China will certainly have problems as we go forward.

Olly Ludwig: But is there anything going on beyond the scope of what happened in the United States, such that the game is over? It sounds like your answer is no.

Jim Rogers: The answer is "no." That's right. But they will have many of the same problems that countries rising have.

The only thing that worries me within the China story is the water problem. If they don't solve their water problem, then there is no China story. I've been around the world and I've seen whole countries and societies disappear because the water disappeared. So if China can't solve its water problem, then there is no China story. Now, they know this too, and they're spending hundreds of billions of Dollars trying to solve their water problem. Will they be successful? I don't know.

- in Goldnews interview 10 July 2012

Marc Faber @ July 2012: The Chinese Economy Growing by maximum 3% not The Official 7.8%

Marc Faber : When the Chinese economy was strong 2000-2008, it drove up commodity prices and that boosted growth rates in emerging economies such as Brazil, Argentina, and the oil-producing countries in the Middle East, and central Asia, Russia and of course also Africa and Australasia. When the Chinese economy slumps, then obviously the demand for commodities goes down and these countries have less money and so they buy less and so it has a very strong multiplier effect on the global economy. Whether the US contracts or grows at 2% has no impact on commodity demand or the service industry. If China grows at 12% or only at 3%, that will have a huge impact on commodity prices. I think that the slowdown in the Chinese economy – and believe me, the Chinese economy did not grow in the second quarter by 7.8% - in my view, maximum 3% - and we have very precise statistics. The two countries where the exports were predominantly China-geared – Taiwan and South Korea and where the statistics are more reliable than what the Chinese announced in GDP growth, these countries have negative export growth on a year-on-year bases in the last month in June. If these countries have declining exports, it tells you something about the Chinese economy. We have other reliable statistics like gaming revenues in Macau and so forth. The overall revenues are still up but the junkit turnover is down. These are middle men who bring the gamblers to Macau. Their growth rate has slowed down, luxury consumption has slowed down and electricity consumption is basically flat. Steel and cement production is up maximum 2-4% year-on year and so we have some reliable statistics. Macdonalds just reported that their sales in Asia year-on-year is down more than 1%. Believe me if in a growth region, where markets are not yet saturated and where shops like MacDonalds are like prestige things for families to go and where their sales are down believe me – something is not quite right. I can see it with my own eyes. I don’t think that in Asia at the present time there is any economic growth. - in Citywire

Broker Rating : Agilent

IHH Healthcare of Malaysia Raises $2 Billion in I.P.O.

HONG KONG — IHH Healthcare, one of Asia’s biggest hospital operators, raised $2 billion selling shares in Malaysia and Singapore on Thursday in the world’s third-largest initial public offering this year. The shares priced at the top of the range after having been marketed at 2.67 ringgit to 2.85 ringgit apiece.
While global investors have shown scant appetite for huge new listings since Facebook’s botched $16 billion I.P.O. on the Nasdaq stock market in May, Malaysia has emerged as a relative bright spot.
The Southeast Asian nation was also home to the world’s second-biggest offering of the year, the $3.1 billion listing of the palm oil producer Felda Global Ventures on the Kuala Lumpur exchange in June.
IHH, owned by the Malaysian state investment firm Kazanah Nasional and the Japanese trading house Mitsui & Company, sold 2.23 billion shares, or a 27 percent stake in the company, pricing the dual offering at 2.80 Malaysian ringgit and 1.11 Singapore dollars a share, or 87 American cents a share, according to stock exchange filings.

More...
Click Link : http://dealbook.nytimes.com/2012/07/12/malaysian-hospital-firm-ihh-healthcare-raises-2-billion-in-i-p-o/

Comments:
Is IHH an investment opportunity for speculator/trader in July 2012?
Special Situation Blog forecast "IHH share price will shoot up within 15-20% on first week. This create a good opportunity for speculator/trader to profit from short term investment.

I personally missed this IHH IPO. Just watch it out.

According to Year 2012 IPO, those government link IPO-company should provide a good return on first day. Will IHH make it happen again?

Marc Faber : The World is heading toward a Major Crisis

 Marc Faber : The breaking point could be three, four, five years away. The world is heading toward a major crisis. In the meantime, central banks can continue to print money and markets might move up. Since 2009 stocks around the world have more or less doubled. But the economy hasn't performed well, and the typical household hasn't been helped. With quantitative easing, money flows into the hands of relatively few people. I am very negative about the outlook longer term. 

It is safest to buy U.S. Treasuries because the U.S. can print money. It will pay the interest. But you are earning only 1.6%, and the cost of living is increasing by about 5% a year around the world. You are getting a negative real return. - in Baron's round table June 2012

Marc Faber : The Economic Situation in the US worse than 10 years ago

Marc Faber : ...well very clearly compared to say ten , twelve years ago the financial condition of the US has deteriorated because A the medium household have lost money and B the real income are down for the majority of people in other words the medium household income is down and the debt level and as I just mentioned the unfunded liabilities are up very substantially - in a Slovak Radio interview 

Paulson Losses Grow As Europe Bet Hurts

An already very bad year is looking even worse for hedge fund industry titanJohn Paulson after a bet against Europe lost many of his funds more money last month.

For the year, one of Paulson's biggest portfolios, the Advantage Plus fund, is off 18 percent. His gold fund is down 23 percent and June's declines took a bite out of the gains in some of his other funds, according to two investors familiar with the numbers but unable to discuss them publicly.

The numbers put Paulson among the $2 trillion hedge fund industry's worst performers, a dubious distinction he first earned last year when the Advantage Plus fund lost more than half its value.

Paulson, who earned $15 billion with his bet against the overheated housing market, has been closely watched for years as thousands of wealthy investors poured billions of dollars in new money into hedge funds.

Known for making big bets and sticking with them for a long time, Paulson now looks out of step with the industry, where the average fund gained 1.7 percent during the first half.

His assets have shrunk from $38 billion in early 2011 to about $22 billion now.


Source : gurufocus.com


Comments
We have a lot popular investors over years. But, none of them can be right on every time. From Ken Heebner, David Tepper and John Paulson. None of them can stay their extraordinary performance in Hedge Fund industry, for consistent performance.


For me, Warren Buffet is no.1 because he always stay steady and easy in his investment strategy. No speculation. 

Jim Rogers @July 2012: When things are collapsing, all sorts of strange things happen

 Oilprice.com: I read a report by the Economist Phil Verleger, who thinks that the Saudis' massive increase in oil production, along with other economic problems could cause oil prices to crash to $40 a barrel oil and $2 a gallon gasoline by November. Do you think this is a reasonable forecast, and we could see oil at these levels? 

Jim Rogers: We could see anything. We certainly saw lower prices than that back in 2008 when there was a collapse. When things are collapsing, all sorts of strange things happen. We found that out in 2008, and we will probably find out in the future, as well. If oil does go to $40, that means it'll just be setting up an even more bullish scenario for the duration of the bull market.-in Oil Price

Marc Faber @JULY 2012: The European Banks Are Sick

Marc Faber :" ...If you put one or a hundred sick banks in a union it does not change the fact that they are sick , in my view the markets are rallying because they were grossly oversold and when markets are grossly oversold especially markets of Portugal Spain Italy France then any news that is not a disaster is propels stocks higher ..." says Marc Faber , publisher of the Gloom, Boom & Doom report, talks about his strategy for European stocks and the outlook for the EU debt crisis. Faber speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg) 


Video Clip Link :
http://bloom.bg/MOshUr

Marc Faber @July 2012: We have a Spiral on the Downside

Marc Faber : We are in recession in Europe We have an economic slowdown in the U.S. and we have not really recovered in the U.S. from the lows of 2009 and we have essentially a slowdown in economic growth in Asia and we have sliding commodities prices , so the commodities producers they have less money to buy goods and so we have essentially a spiral on the downside.

Breaking News in Malaysia : Who's the man behind Petron Corp?

Answer is

Mirzan Mahathir

Profile 

Encik Mirzan Mahathir has been Non-Executive Director of Petron Corp since July 12, 2010. He is the Chairman and CEO of Crescent Capital Sdn Bhd, a Malaysian investment holding and independent strategic and financial advisory firm which he founded. He graduated with a Bachelor of Science (Honours) degree in Computer Science from Brighton Polytechnic, United Kingdom in 1982 and obtained his Masters in Business Administration from the Wharton Business School, University of Pennsylvania, USA in 1987. He worked for IBM and Salomon Brothers before striking out on his own. His core experience and skills include strategic management, investment banking and logistics. Currently, he holds directorships in several public companies in South East Asia and USA. He also serves as President of the Asian Strategy & Leadership Institute, Chairman of several charitable foundations, a member of the Wharton Business School Asian Executive Board and the Business Advisory Council of United Nations Economic and Social Commission for Asia and the Pacific.

Board of Directors - Petron Corp
Source : http://www.reuters.com/finance/stocks/companyOfficers?symbol=PCOR.PS

Comments :-
WAH !!! WE HAVE ONE MALAYSIAN IN INTERNATIONAL CORP!!! GOOD JOB!!!! MALAYSIAN BOLEH ....MALAYSIA BOLEH !

Dr Doom Nouriel Roubini Says 2013 `Storm' May Surpass 2008 Crisis

New York University Professor Nouriel Roubini discusses "greedy" bankers, the euro-zone crisis and risks facing the global economy in 2013

On Banking culture: He said, nothing has changed since the global financial crisis. Incentives of bank management is still aligned with getting superior results with cheating and immoral means. Only way to counter this is to break up these financial supermarkets. There are conflicts of interests as same banks are on the both sides of the deal and that is a fundamental problem and increases the risk. If this is not minimized financials crisis will keep on coming. People have to go to jails to change this culture which has not happened, atmost what happens is some fines is inflicted and that is not going to change the culture.

On European Crisis: EU summit was a failure. Spain yields are still high. Reality is market was expecting much more.

Marc Faber @JULY 2012 : Bullish on Equities in Portugal Italy Spain and France

Marc Faber : In my view the markets are rallying because they were grossly oversold and when markets are grossly oversold especially markets of Portugal , Spain Italy France then any news that it is not a disaster news propels stocks higher " says Marc Faber adding that what Europe did is just a cosmetic fix that does not solve the long term problems of over indebtedness in the Eurozone , " ...in Portugal Spain Italy and France the markets are either at the lowest of March 2009 or lower and along with that companies and the banks also reasonably good companies have been dragged down and so I see value in equities regardless if the Eurozone stays or is abandoned

Marc Faber: Investing opportunities in Italy, Portugal & Spain

Dr Marc Faber is interviewed by a Slovak Radio via phone directly from Thailand,He talked about the situation in the U.S., EU and Asia, and gave his opinion on precious metals. 

Question : Yesterday (05 July) The ECB cut its base rate to a historic low and the conditions for release of collateral to banks. This will help Europe? 

Marc Faber : I do not think so. I think whatever now the government will undertake may postpone the problems but it does not solve them , and the problem is too much debt. I mean I would say how long would the Germans essentially be willing to finance the excess consumption in Spain, Italy, Greece and Portugal and so forth . And I would like to add that although the situation is not ideal in these countries and these countries are close to the lows in 2007-2008 and may even fall even lower, there are decent companies in Spain Italy and Portugal that are now relatively cheap and in which Today, in my opinion is worth investing. I see real value there.

Marc Faber @July 2012: We are still in a High Risk Environment

Q: Would you say the rally is probably short-lived and saw the best part of it play out by last week itself?

Marc Faber : This is too early to tell. Basically, we made a low in early June and at 1261 on the S&P and then we rallied and we came down again, but we didn’t test a new low. We may rebounce to around 1400 on the S&P. Don’t forget July is a month of seasonal strength and that we are coming into the election, there maybe some more money printing and fiddling with statistic sense of ours. So the market may actually rally a bit more. But it doesn’t change the global picture, which is essentially for a global economic slowdown, for an increasing number of companies that are reporting disappointing sales for forecast, for earnings. 

When there is a minor disappointment that’s what the case on Friday in the case of Nike, the stock then drops very significantly and erases essentially all the gains of the last three or six months. So we are still in a high risk environment. Eventually, I think that in the next 12 months, you will be able to buy most markets at a lower level than today. The only stocks I bought in the last 10 days are from the fresh issues in Portugal, Spain, Italy and France. - in CNBC TV 18 

Petron Malaysia to rebrand 120 stations by year-end

KUALA LUMPUR: Petron Malaysia Sdn Bhd, formerly known as Esso Malaysia Bhd (EMB), expects to further rebrand 120 stations in Malaysia by year end in line with its focus to aggressively build revenue and create efficiencies at all levels.

Last April, Philippine-based Petron Corporation, a unit of conglomerateSan Miguel Corp acquired the Malaysian businesses of oil refiner Exxon Mobil, namely 65% of EMB and Exxon Mobil units Exxon Mobil Malaysia Sdn Bhd and Exxon Mobil Borneo Sdn Bhd.

Petron Corp's unit Petron Oil and Gas International has assumed control of the three companies.

In a statement after its EGM on Monday, Petron Malaysia said all its activities were well on track after the successful transition.

On May 14, the mandatory general offer in relation to Petron Malaysia subsidiary, EMB was completed which resulted in the company owning 73.4% paid-up capital and voting shares of EMB.

Subsequently on June 15, the first phase of Petron rebranded stations was completed.

The company also said the study for the upgrade of the Port Dickson refinery was progressing well with its completion due by this year.

"The focus is also to push the rebranding of our service stations. We look forward to creating growth for the business and with dedicated efforts of our employees, network dealers and business partners, the company is confident of success," Petron Malaysia said. - Bernama

Comments :-

We will see Philipine-based company, to compete with Petronas Bhd in future. How good is petrol from Philippine? 

Exxon Mobil/Esso Station rebrand to Petron in progress .... 

Petron Station at KESAS highway 

San Miguel Corporation
Company Profile

Established in 1890 as a single-product brewery,San Miguel Corporation (San Miguel) is the Philippines’ largest beverage, food and packaging company. Today, the company has over 100 facilities in the Philippines, Southeast Asia, and China.

One of the country’s premier business conglomerates, San Miguel’s extensive product portfolio includes over 400 products ranging from beer, hard liquor, juices, basic and processed meats, poultry, dairy products, condiments, coffee, flour, animal feeds and various packaging products.

For generations, the Company has generated strong consumer loyalty through brands that are among the most formidable in the Philippine food and beverage industry – San Miguel Pale Pilsen, Ginebra, Monterey, Magnolia, and Purefoods. Flagship product, San Miguel Beer, holds an over 95% share of the Philippine beer market.

In addition to its leadership in the Philippine food and beverage industry, San Miguel has established a significant presence overseas. The Company’s operations extend beyond its home base of the Philippines to China (including Hong Kong), Vietnam, Indonesia, Malaysia, Thailand and Australia.

Through strategic partnerships it has forged with major international companies, San Miguel has gained access to managerial expertise, international practices and advanced technology, thereby enhancing its performance and establishing itself as a world-class company.

San Miguel’s partners are world leaders in their respective businesses. Kirin Brewery Co., Ltd. is a major shareholder of San Miguel Brewery. The Company also has successful joint venture relationships with US-based Hormel Foods Corporation, Nihon Yamamura Glass and QTel, a telecommunications company in Qatar.

In the Philippines, San Miguel’s corporate strategy is at aimed capitalizing on new growth markets through acquisitions and further enhancing its competitive position by improving synergies across existing operational lines.

The company has significantly expanded its participation in both its core businesses of food, beverage and packaging, as well as heavy industries including power and other utilities, mining, energy, tollways and airports.

Jim Rogers : Natural Gas closer to the bottom than the top

Jim Rogers : “I want to own real assets. I want to invest in companies that produce real goods. Shortages are getting worse, not better.” He would rather own natural gas at these prices than shorting the commodity. Jim Rogers thinks we’re closer to the bottom than the top in natural gas. - in ETFtrades 

Marc Faber Investment Picks for 2012

Marc Faber : I still like my January investment picks. As a group, Singapore REITS look OK. Among them I like Mapletree Commercial Trust [MCT.Singapore], Frasers Centrepoint Trust [FCT.Singapore], K-REIT Asia [KREIT.Singapore], Mapletree Logistics Trust [MLT.Singapore], Ascott Residence Trust [ART.Singapore], Cache Logistics Trust [CACHE.Singapore] and Parkway Life [PREIT.Singapore]. 

I am also warming to gold shares. Gold corrected to $1,522 last December from $1,921 in September. It rebounded to $1,795 in February and is back down around $1,600. The correction could last longer, but given that governments will print more money, gold is relatively effective as a currency. My preference is physical gold, but I would also own some gold shares, which have been decimated. Goldcorp [GG] is attractive because most of its properties are in the U.S., Canada, and Mexico. The company isn't exposed to regimes that are talking about nationalizing resources. In general, stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term. - in Barron's roundtable June 2012

Marc Faber : We are most deeply asleep at the Switch when we believe to control all Switches

Over the years, my experience has been that most investors (including myself) who lose money fail because of ‘overconfidence.’ When they buy, they are convinced that an investment will be highly profitable and seldom consider that they could be wrong. Likewise, when investors sell an asset they are sure that it no longer has a significant upside potential. Investors’ overconfidence leads to a complete lack of diversification and heavy concentration of money in a single asset class.

Investors should consider carefully that win/win transactions are far less common than win/lose transactions. Usually either the buyer or the seller makes a big mistake. Successful investing is about making sure that it is not you that makes the big mistake.

I am enclosing a report by Michael Gayed entitled “Money Illusion and Why the ‘Bond Bubble’ Must Burst.”

I wish my readers a nice, sunny, and peaceful summer.

Kind regards

Yours sincerely 

Marc Faber

Comments :-

We're looking for "July 2012 Monthly Market Commentary (MMC) " report from those subscriber. If you have, please share with us. Thanks!

Dr Marc Faber @June 2012 : Outlook for The Stock Market For the Rest of 2012

Marc Faber : Most markets peaked in May 2011. The S&P 500 fell to 1,074 by Oct. 4 from 1,370. Then we had a strong rebound with the index making a new high at 1,422. This high wasn't confirmed by other indexes, such as the Value Line Index, the Russell 2000, and the Dow Jones Transportation index. The S&P 500 is vulnerable at this level. I anticipate further weakness in the second half of the year. Corporate profits will disappoint. Some 40% of S&P 500 earnings come from overseas, and a large proportion are generated in Europe. There is no resolution to the problem in Europe because no one wants to accept austerity. The best outcome for Greece probably would be to exit the euro zone. But the new Greek drachma would depreciate by 50% to 70% against the euro. The Greeks don't want their pensions paid in a depreciating currency. Nor do they want austerity, as their pensions and government salaries would be cut by 50%. - in Barron's roundtable 2012

Marc Faber Recommends Diversification, bullish on Gold

Marc Faber :

You are asking a very good question because I have been thinking about this a lot. High quality government bonds of Germany, Switzerland, Japan and the US are at a very low level of interest rate and are no longer safe. So whereas I am not optimistic about asset prices, I think that if you take a 10-year view, then just as an example if you I have to to buy over the next 10 years and the holding period is 10 years, a US treasury note at the yield of 1.6% or I give you the opportunity to put your money in Johnson & Johnson that yields 3.5%. I happen to think that Johnson & Johnson over the next 10 years will outperform treasury norms or treasury bonds of 30 years maturity. But you live with volatility, may be the next 10 minutes or next three months or next six months treasuries may still outperform, but I believe the notion that US treasuries are safe is misplaced.

Boustead Holdings Bhd : Proposed Acquisition

It wholly owed sub-subsidiary, Boustead Building Material S/B has entered into a share sale agreement with Lembaga Tabung Angkatan Tentera (LTAT) to acquire a 97.14% stake in Johan Ceramics Bhd held by LTAT for a cash consideration of RM28.87 mln as part of its internal reorganisation plan for greater synergies.


Disclosure : Author has position in Boustead Holdings Berhad.

KFC (3492.KL) Holdings Berhad : Privatization...

KFC will be privatize soon.


Today's Volume :
9,130,000 Units  BUY RM 3.80
2,180,000 Units BUY RM3.79

Insiders are buying/accumulating for acquisition. Re-iterate higher price could happen anytime.

Penang Food : Eastern Wishes Cafe @ i-avenue, Penang

Eastern Wishes , Thai restaurant is located beside the JPJ Penang office building at i-avenue, Bayan Lepas. This is one of the best Thai Cuisine restaurant for me in Penang, Malaysia. Despite its Thai dishes which suits the local taste, its dishes also priced reasonably. It comes with a large ,arieties of choices in their menu with all of it also look tempting. After scanning the menu for quite awhile, we finally ordered few of the famous dishes there.

Cendul - RM2.80
Rating : Special/10 

Sesame Chicken - RM15 (4-5 persons)
Rating : 8.5/10

Sambal KangKong - RM10 (4-5 persons)
Rating : 8/10

Tomyam Prawn - RM19 (4-5 persons)
Rating : 9/10

Padped Chicken - RM10 (4-5 persons)
Rating : 9.5/10

Tomyam Soup - RM20 (4-5 persons)
Rating : 10/10

1-1-49, I-Avenue, 
Jalan Tun Dr. Awang, 
11900 Bayan Lepas, Pulau Pinang.


Weekday 10.30am-2.30pm, 5.30pm-9.30pm
Weekend 10.30am-3pm, 5.30pm-9.30pm 
Closed on Monday


Location (GPS): 5.333225149279452,100.29342770576477
Foursquare Link :
https://foursquare.com/v/eastern-wishes-nanyang-thai-restaurant/4cf8c4867b44224b96d0d005


Disclosure : Author has no position in this restaurant.

Bolton's blues continue as China fund drops 20 pct

LONDON, June 12 (Reuters) – Anthony Bolton's Fidelity China Special Situations fund has lost a fifth of its value since its launch in Asia in 2010, lagging the wider Chinese stock market, it was revealed in an annual report on Tuesday.

Bolton, one of the UK's best known and most successful fund managers, said in the report that he continued to believe his strategy was capable of beating the Chinese benchmark index, despite struggling so far.

The fund has suffered from heavy exposure to poorly performing small and mid-cap stocks, according to the report.

Earlier this year Bolton decided to run the fund for at least two more years, giving himself more time to turn around its poor performance.

"To date the road has been hard but my enthusiasm for this amazing country remains unabated...I strongly believe that China is not the house of cards some have suggested and it is not about to collapse," Bolton said in the fund's annual report.

"Specifically on Chinese stocks, valuations are still near their ten-year lows and sentiment has again become very negative...I continue to believe that those who stick the course in China will be amply rewarded," he said.

Among the companies Bolton likes are REXLot, which provides services to the state-owned lottery sector, Hong-Kong based property developer CSI Properties and pharmaceuticals firm Hutchison China MediTech HCM.L.

Bolton forged a reputation as one of the UK's savviest stock-pickers during 28 years managing Fidelity's flagship Special Situations fund, turning 1,000 pounds invested at the start into almost 150,000 pounds by the time he stepped down from day-to-day management in 2007.

Since its launch in April 2010, the $750 million China fund's net asset value (NAV) has fallen by 20 percent to June 11, underperforming a 17 percent drop in the benchmark MSCI China Index.

The fund's share price has fallen 26.3 percent over the same period.

(Reporting by Tommy Wilkes and Anjuli Davies; Editing by Elaine Hardcastle)

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Jim Rogers: I’m Telling You, The Economy Is Going To Be Bad Next Year (GLD, SLV, TZA, FAZ, IAU)

Commodities investor extraordinaire Jim Rogers of Rogers Holdings strongly suggests battening down the hatches, because the global economy is headed for the rocks, taking stocks with it.  To protect wealth from a deepening of the mostly Western side of the global depression, the 69-year-old Rogers is long oil, gold and other tangibles to front-run the predictable response by central banks of further money printing.  He is short equities.

“If stocks collapsed around the world I would have to buy a lot more stocks,” he told CNBC, Wednesday.  “I would buy stocks again, but I don’t see that happening. I’m telling you, the economy is going to be bad next year. Why buy stocks in the face of something like that?”

Jim Rogers 23 June 2012

Jim Rogers : The US Dollar is not a Safe Heaven

Jim Rogers : "I hope the Euro survives, The world needs something to compete with the US Dollar , the only thing I see on paper at least is the Chinese currency it could some day but right now it is a blocked currency so it is an academic conversation , I certainly hope The euro survives because if it could survive in a stronger base ..., you know right now we all relying on the US Dollar and the US Dollar is a very flawed currency , we have the largest debtor nation in the history of the world backing the US Dollar , that's not a very sound currency " 

Jim Rogers : How to Trade Operation Twist 2

Jim Rogers : This (Operation Twist) is more bad news as far as I am concerned they will continue to print more money continue to spend other people 's money and we are going to run out of other people's money before long ...yes quantitative easing would have been worse but if you look at the balance sheet for FED it continues to rise they are doing a little bit more than what they just say they are doing , somebody is creating credit somewhere and the only person that can do that in the US legally is the federal reserve .... 

Jim Roger : The Germany Taxpayer has made a mistake

JIM Roger on June 2012 :

German tax payers have made a mistake. Why should they be bailing out banks, while Greece is sitting on the beach drinking wine? So, I would let them go bankrupt; it will cause pain but a lot of other European countries had horrible pains few years ago but now they are booming. You cannot deny reality. You should take the pain and get over with it. -in NDTV 

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.