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)

Payonline - Malaysia One-Stop Bill Payment Service

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Any Visa/Master Card Holders from ANY BANKs can use this site to pay bills in Malaysia.

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PayOnline provides you with a one stop solution to bill payment. It's all about :-

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Customer service from this site, is quit responsive and browsing speed is good. 

Rating on this One Stop Solution to Bill Payment by PayOnline : 10/10