Journey of a Kampung Investor in search of financial freedom
Consumers, fastened your seat belts as the government will most likely increase our fuel prices over the time as it has been officially announced that the proposed two tier fuel subsidy scheme based on vehicle engine capacity has been scrapped.
The two tier fuel subsidy scheme was originally set to be implemented on May 1, 2010.
A new tax will be implemented soon which is the goods and services tax (GST). It is rumored that the GST will take place somewhere around mid 2011. A new change into Malaysia tax system.
To be honest, most Malaysians are still confused about the GST. Let me share some basic knowledge that we need to know when GST is implemented in Malaysia.
Good news for iphone lovers and Digi supporters. Digi will be bringing iPhone to Malaysia! With this, Maxis one year monopoly in the providing iPhone to Malaysian is ending.
Digi strucked a deal with Apple Inc to distribute iPhone 3G and iPhone 3GS but which package they will be joining is still not yet disclose.
Gaming group Genting Singapore Ltd. (G13.SG) Thursday said its Resorts World Sentosa integrated resort will open its casino Feb. 14.
AIG is on the spotlight again. This time, AIG is paying out US$100 million in bonuses. AIG is already bleeding from their financial products division as AIG has been given a hand by the government. Not much but only US$180 billion bailout.
Although it’s US$20 million short as AIG cut on retention bonuses but paying out US$100 million is still a lot.
EON Capital BHD (EONCAP) has said no to Hong Leong Bank Bhd (HLBANK) RM4.92 billion cash offer to buy the entire assets and liabilities.
EONCAP says, HLBANK offer is too low and undervalues EONCAP. HLBANK is disappointed with the decision.
Singapore’s richest man and property tycoon Ng Teng Fong died early on Tuesday after suffering a cerebral haemorrhage on Jan 23, a spokeswoman for his family business said. He was 82.
According to the Straits Times, the self-made billionaire had a fall about 10 days ago and lapsed into a coma.
Received an email from my remisier about first phase of Sentoso IR that will open next week. Minister mentor Lee Kuan Yew also paid a visit together with Tan Sri Lim Kok Thay to the casino at Resorts World Sentosa.
The first phase of the casino will be opened on Jan 20th and seems to be in good hands.
Minister mentor Lee Kuan Yew toured the Universal studios, four theme parks and some of its hotels together with the Water World amphitheater.
Isn’t this good news for Genting SP? That’s why i am still holding my Genting SP tight tight and not letting it go what so ever.
To all Genting SP holders, fasten your seat belts for the grand opening. You will never be wrong in investing in Genting SP for medium to long term. ^^
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A new crisis is emerging and this time around it’s coming from Asia. Surprising, the problem is coming from United Arab Emirates, Dubai. Who will imagine financial problem will come from one of the oil producing country?
I told you so. I made a post on Island Red Cafe more like a ponzi to me five months ago to warn investors of not putting money into such Multi Level Marketing (MLM) plans. It is getting more rampant in Malaysia now a days where unscrupulous people try to make easy money from naive Malaysians.
Genting SP announcement for right issue did caught many investors by surprised. Genting Singapore announced that they will be having a rights issue to raise $1.63 billion.
Axiata Group Berhad (6888) the company that is incharged of Celcom in Malaysia posted a positive Q2 financial results. Axiata recorded a profit of RM526.84 million and a 6.00 earnings per share.
Lion Corporation Berhad (3581), the company under Tan Sri William Cheng is in dire straits. Lioncor 4Q earnings is shocking as they made a loss of RM 406.38 million with a loss per share of 21.39 sen.
Not only is the mother company is sick, the son Lion Diversified (2887) is also in red alert. Liondiv posted a loss of RM361.49 million. The EPS of Liondiv is at -25.97 sen.
I am really curious on the happenings of these Lions. Continuous poor results like that will only make Lioncor and Liondiv heading towards PN4 or PN17.
Kampunginvestor’s Verdict
I for once will avoid such shares as it’s not my type of company where i have trust to put my money in. Yes, i have made handsomely before on Liondiv but with such poor performances, i wouldn’t put a single penny on them.
If ever any of the Lions go up in share price, the only reason is the manipulation of pricing. Ill avoid them if i am you!
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