My realized profit for My First Hang Seng Investment which is Bank Of China stood at HKD 3,810.00 which is roughly around RM1,200.00 Not bad for a start on Hang Seng

I have swapped some of earnings from Bank of China to Heng Tai Consumables (0197) at the rate of HKD 0.41 at 20000 shares.

The Per Earning Ratio (PE) for Heng Tai is around 10 to 12 and if Heng Tai drops below HKD 0.40 ill buy in another 20000 shares.

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I overheard my boss saying this statement to his friend in mandrin which translates to one mountain cannot have two tigers. What does this statement means?

In short, this statement means that in an organization or company, there can’t be two heads or two person taking charge. That is why we can’t see that many people split from a company because there is two tigers in a company which means two person who wants to take charge.

One mountain only can have one tiger in charge of it.

Hope my simply explanation on a chinese proverb can be understood by all.

For Muslims members of the Employees Provident Fund (EPF), a savings of at least RM1,300.00 in their EPF Account 1 will be able to register for the hajj with Tabung Haji (TH) beginning 3 January 2012.

Previously, EPF Members’ Hajj Registration (Pendaftaran Haji Ahli KWSP) will only allow EPF members to have a minimum RM1,300 savings with Tabung Haju in order to register their turn for the hajj. Now, Accoung 1 was choosen to ensure that more members to benefit from this facility.
Where you can register for this facility?
All Tabung Haji counters, Bank Rakyat and Bank Islam branches nationwide

What you will need to bring to register?
Bring along MyKad and their latest EPF Statement

Where can I get my EPF Statement?
EPF Branches, EPF Kiosk or online via members respective i-akaun

Is there a need of withdrawal from the EFP Savings?
No withdrawal is needed

Who is eligible?
EPF members must be a Malaysian citizen or permanent resident of the Islamic faith. They must also be below 55 years and possess a savings account with Tabung Haji. EPF Members without a Tabung Haji account may open a savings account with Tabung Haji with just a minimum of RM2

EPF members who have previously registered with Tabung Haji to perform the hajj can also opt for the facility without it affecting a change in the date of their original registration with Tabung Haji.

The facility does not expedite an early date for the hajj. Dates for the performance of the hajj will be set by Tabung Haji.

So wait no more my Muslim friends. Go ahead and register with Tabung Haji so that you can perform your hajj. All the best!

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Employees that contributes to Employees Provident Fund (EPF) will have a slight increase of contribution from their employers. Employers statutory contribution rate will be at 13% starting from January 2012.

This increase will only effect those employees that have a monthly wage not exceeding RM5,000 and 5.3 million working Malaysians will enjoy this rise from 12% to 13%

For employees who are 55 years and above and earning wages not more than RM5,000 will also benefit from the new rate as employers are required to contribute at 6.5% which is additional of 0.5% from the current 6% while the employees continue to contribute 5.5%

Summary of latest EPF contribution rates for employees monthly wage not more than RM5,000 and below 55 years of age:

Year 2011

Year 2012

Summary of latest EPF contribution rates for employees over 55 years of age up to 75 years:

Year 2011

Year 2012

I will personally get a 1% increase as I fall in the category of earning RM5,000.00 and below and below 55 years of age. How about you all?

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For me, i got a pay rise of almost 12% and also a 2 months bonus from my company. I am satisfied with my increment and also bonus for 2011 with not much complains. As we are heading towards a turbulent year of a dragon, this bonus and increment will surely help a little.

Have you got your bonus or increment? Are you satisfied? Share your views!

Gas Malaysia IPO will help Malaysian builder MMC to raise about RM750 million when listing in Bursa Malaysia. The price range for this IPO will be around RM2.20 to RM2.40

MMC said in an exchange filing yesterday that it would sell about 333.8 million shares, or 26 per cent of Gas Malaysia’s entire share capital. It said the share capital was valued at RM642 million at par.

Gas Malaysia, based on the indicative pricing, is valued at about RM3 billion.

Gas Malaysia’s offering follows the listing of offshore oil and gas service provider Bumi Armada, which raised RM2.66 billion last month from the country’s largest initial public offering this year.

The investment arm of Maybank , Malaysia’s largest lender, has been appointed the adviser for the IPO.

Malaysia’s oil and gas sector is changing rapidly as dwindling supplies of local oil and gas have pushed state oil firm Petronas and the government to take immediate steps to arrest the decline.

Petronas has accelerated its capital expenditure to RM300 billion over the next five years from RM35 billion it spent in the 2010/11 fiscal year while the government has made sector consolidation a key agenda in its 10-year plan of economic rejuvenation.

I will be going to “SHOW HAND” for this IPO hoping to reap some reward to start 2012 with a bang. It will definitely be out by 2012! Stay tune for more updates.

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Applicants will have until 10th January 2012 to register where they can do it at various locations including schools. Registration can be obtained via newspapers and also can be downloaded from Ministry of Finance website.

Do not try to cheat for BR1M as applicants that provides false information can be charged under seksyen 193 Kanun Keseksaan (Akta 574) which carried a punishment up to 3 years of jail and also fine.

Those eligible for Bantuan Rakyat 1Malaysia (BR1M) :-

• Must be a Malaysian
• Male or female which is the head of the family with a gross monthly salary less then RM3000.00
• Senior citizens (60 years and above) and living on his/her own with a gross monthly income salary of RM3000.00
• Those receiving aid from the Welfare Department under the e-Kasih were also eligible

Documents that needed when apply for BR1M :-

• My Kad/ Police Kad/ Army Kad (Applicant & Working Dependant)
• Latest Salary Statement

Most of the information can be obtained at the Ministry of Finance site. Click on the link below to get more information about the Bantuan Rakyat 1 Malaysia :-

1. BR1M website at the Ministry of Finance
2. Press Statement from Minister of Finance II
3. Mechanism of BR1M
4. List of registration counter

You can obtain the BR1M form below :-

Download BR1M Form by clicking on the link

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I would like to take this opportunity to thank two person in particular in helping me out here.

1. Irwan
2. Owner of 1-million-dollar-blog.com

Big thanks and we are back!

Wish me luck! I have applied the soon to be listed Pavilion Reit IPO (Initial Public Offering) for 22000 shares at RM0.88 per share.

Thus far my luck with IPO ain’t that good as my 4000 shares of UOADEV which i applied is only lingering around RM1.40 to RM1.50 where my initial price i bought it was at RM2.52

I always had the impression that if we applied for IPO, our chances of making money is like 99%. Thus far as my UOADEV is underperforming since the day UOADEV is listed and i am a little skeptical about IPO.

Even during my parents time, most old timers will also agree with my statement that if you strike an IPO, surely will make money. Those were the days. If we can make a 10% to 15% on listing day, we should be thanking our lucky stars.

For Pavilion Reit IPO (, I will be hoping a 10% gain if strike but I wouldn’t want to put too much hope on it as the higher the hope, the higher the disappointment. Besides that, Pavilion Reit is a defensive stock and not an aggressive stock so the chances it will give a return more then 10% on listing day is more not likely.

Nonetheless, I have done my part with Pavilion Reit (PAVREIT) by applying 22000 shares using CIMB Clicks. How about you? Wish me luck and I wish all of you out there the same!

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Pavilion REIT or in full Pavilion Real Estate Investment Trust will make an opening to Bursa Malaysia on December 7th 2011. Part of the proceeds will be use as part payment for acquisition of the initial property portfolio and to pay for a capital loan.

The company, which is managed by Pavilion REIT Management Sdn Bhd (the Manager), expects to raise RM695.2 million from its Initial Public Offer (IPO).

Two of Pavilion REIT main assets are :-

1] Pavilion Mall
2] Pavilion Tower

The Manager’s chief executive officer Philip Ho said the total appraised value of Pavilion REIT’s initial property portfolio is RM3.5 billion.

Pavilion REIT is offering 790 million units under its IPO to retail and institutional investors at 88 sen.

Pursuant to the IPO, 755 million units will be offered to Malaysian and foreign institutional investors and selected investors at the institutional price (other than cornerstone investors).

Out of the amount, 265 million shares have been reserved for cornerstone investors namely Employees Provident Fund Board, Great Eastern Life Assurance (Malaysia), HwangDBS Investment Management, Kumpulan Wang Persaraan (Diperbadankan), Permodalan Nasional Bhd and American International Assurance Bhd.

The remaining 35 million units will be offered to the general public in Malaysia, eligible tenants of Pavilion Kuala Lumpur Mall and Pavilion Tower, directors of the Manager and its eligible employees, Urusharta Cemerlang Sdn Bhd, Capital Flagship Sdn Bhd and Kuala Lumpur Pavilion Sdn Bhd.

n 2011 & 2012, the management intended to pay 100 percent of the distributable income to the unit holders. This translates to a dividend yield of approximately 6.5 percent per annum. Distributable income is the Net Property income (NPI) minus the trust expenses such as management fee, trustee fee and borrowing cost.

The dividend yield is comparable to another local REITs such as Sunway REIT and CapitaMalls Malaysia.

CIMB, Credit Suisse and Maybank are the joint global bookrunners for the deal of the IPO.

For those who are interested in Pavilion REIT IPO, you may subscribe at ATM machines or via Internet Banking.

The retail subscription period is opened until 21st November 2011 at 5pm. Tentative balloting date is on 24th November while the allotment date is on 5th December 2011. Pavilion REIT stock name in Bursa Malaysia is “PAVREIT”.

I am going after PAVREIT and how about you all? Any comments on this new IPO that is going to be listed soon? Comments are appreciated.

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