Paulson Said to Lose 6.9% in June With Advantage Plus Fund

http://www.businessweek.com/news/2010-07-07/paulson-said-to-lose-6-9-in-june-with-advantage-plus-fund.html

Notion VTEC begins operation of HDD plant

Notion VTEC is poised to begin first-phase operations at its largest HDD manufacturing plant in Klang. The plant is being developed over 2 years at a cost of RM150m and will eventually have a production capacity of 85m 2.5-inch HDD baseplates annually from 4m baseplates currently. The first-phase entails a production capacity of 24m.

Notion VTEC begins operation of HDD plant

Notion VTEC is poised to begin first-phase operations at its largest HDD manufacturing plant in Klang. The plant is being developed over 2 years at a cost of RM150m and will eventually have a production capacity of 85m 2.5-inch HDD baseplates annually from 4m baseplates currently. The first-phase entails a production capacity of 24m.

BOUSTEAD HOLDINGS : COMPLETED JV and acquisition

It has completed the establisment of the joint venture (JV) between its wholly owend subsidar, Boustead Hotels and Resorts S/B (BHR) and Tacorp Holdigns S/B (TH) as well as the acquisition of two piece of land in Kuantan, Pahang by the JV company from TH. BHR and TH have also agreed to vary their equity structure in the JV company from 70:30 to 80:20.

Disclosure of Interest:
The author has an interest in Boustead Holding Berhad





Note:

Fundamental : Wilmar International

WRT – Wilmar International: Good news = higher share price? – We feel upside for Wilmar may be limited as we expect CPO prices to be range bound in the near term. As such we feel it might not be in the best interest of investors to buy a call warrant on Wilmar now. However for those with a greater risk appetite and possess a bullish outlook for Wilmar, we feel the most attractive Wilmar call warrant in the market at the moment is Wilmar MBLeCW101102 with an exercise price of $5.80.

Malaysia : Debt-To-GDP ratio

Berkowitz Still Sees Value in Financials

Bruce Berkowitz, whose Fairholme fund has returned close to 13% per year over the past decade while the S&P 500 has been in the red, says he’s still finding a good deal of value in one of the market’s unloved areas — financial stocks.
“Investors have lost much of their wealth from financial institutions over the past couple of years and are not prepared to risk more,” Berkowitz tells Investment News. “Meanwhile, the Great Recession has forced our surviving institutions to fortify their balance sheets and practices in preparation for continued stress. Thus, they are priced for more stress and prepared for more stress. We try to protect against the downside and let the upside take care of itself. Such is the case with our holdings in large banks and brokers.”

Berkowitz also offered advice for financial advisors, which would seem to apply to individual investors as well. “Invest with managers that have superior long-term track records during tough times and invest most of their money alongside their clients’ money — under the same terms and conditions as their clients,” he says. In addition, they should invest with those who have an “understandable strategy, one that will keep clients sane during the inevitable difficult times”.
Berkowitz says he doesn’t try to predict the future of a particular company or industry, let alone the economy as a whole. He says he instead tries to price securities and their underlying businesses “for difficult times so that we can survive those one-in-100-year catastrophes that appear to happen every decade, and prosper during more-normal times.”