Tuesday, July 31, 2012
Tuesday, July 24, 2012
You know what, after 50 years I think we've something to be proud of but many more things to be concern of...
Some of the low lights in Malaysia and for all who are born in this country.
1) Crime rate rocketing and police is perceive as not responsive and not proactive neither are they serious in helping civilians during the crime.
2) Country debt is all time high
3) Scandalous projects given to crony companies - all time high and all time high in amount...
4) Cost of living is sky high - at least hawker food in Penang is still manageable but quality have shrunk...
5) % of home ownership is shrinking.. 90% of the graduates today cannot buy a house...even after working for 5 years...
6) Car price is highest in the world if compared to earning per capita.
7) National infrastructure and transportation system is in a mess. its like if you don't have private vehicle, its going to be very painful and frustrating to go to work for majority of the people
8) Tax is so high that its equal to develop countries that provided medicare and lots more benefits to all its citizen and not just a particular group.
9) Education system is going backwards by 10 years... force the usage of bahasa for all students... thanks to short sighted evil unscrupulous leader with no conscience who implemented the evil scheme.
10) Oppression of civilians in a subtle manner, by taking away their rights to choose (education), to speak (freedom of speech), to retire (retirement age pushout so does the EPF withdrawal), right to protest peacefully (freedom of expression) and lastly freedom of will (you can vote but it doesn't matter as the results will likely be the same).
So what has the BN government do for us, Malaysians of all race, age, and gender? Nothing.... look at the city planning and development roadmaps(not sure they even have one)...
So what is BN doing? handling cash through the B1M program just to give temporary please the poor folks in kampung. That's what happen when you have illiterate school dropouts leading majority of the ministries in the government... what a shame. instead of teaching its people to fish, they give fish to advocate perpetual reliance on BN.
Posted by ToeBear at 2:13 AM
Wednesday, May 30, 2012
Posted by ToeBear at 10:10 AM
Well, there are many reasons why I have not been blogging of late.. busy with life, family, work, thinking of the many assets of the country being sold to only a selected few individual(s) with high network cable all the way to the top along with the antics of the government in choosing not to disclose the MAS settlement with Mr.Tajuddin. Well, if the government is doing what its elected to do that is safe guarding the interest of the country and its people's development and money, it should by all means disclose to prove the public perception wrong.
Having said that, its becoming obvious that the current government does not care what foreign investors think of Malaysian government and which perfectly justify why many fund managers refuse to invest in KLCI especially when the entire equity market is controlled by EPF, Khazanah and PNB which indirectly or directly controlled by the ruling government be it willingly or unwillingly. Therefore the question of should we still invest in KLCI arises and I think to some extend, its probably still make sense to trade the market but never to long them as its going to be a disaster once the oil dries up.
Anyway, with huge debts and uncontrolled spending in the GLCs and public sector couple with the leakages and were left unaddressed although the PAC has reveal all the serious problems of accounting and spending recorded.
In short, for the next 1-3 years probably the KLCI is still worth trading or punting if you're a season trader.... else forget it and move on to other more natural market with better liquidity and market force... for goodness sake even indonesian market is better then KLCI. I hate to say this but its a fact.
In short, the only sector worth looking at right now it perhaps financials and at most plantation.... sad but true.
Posted by ToeBear at 10:09 AM
Wednesday, February 29, 2012
Well, the lawsuit from the minority shareholder with respect to the stake sales of the 3 largest individual shareholders to Sime Darby is going to gain traction... :)
You know what, its a no brainer that the stake sale in my opinion is fishy in nature because it involves the CEO of E&O and the price is like way beyond all time high annd perhaps a level that all the minority shareholders will never ever get from their investment in E&O.
Its simple... its a political move by Sime Darby.... again I think its BN's way of wanting to get a hold of the assets that E&O has in Penang island ....primarily the large landbank it holds.
Its also a deal that pissed off ECM Libra who is left in the high and dry since there is no GO by Sime.
The minority shareholders are marginalized and by right, people should be dumping the shares because knowing if Sime can unlock more values, why the CEO himself sold his shares? and knowing that the CEO sold his shares at such a high price to a government linked company says alot about the deal.
If in anyway, somehow the lawsuit turnout to be in favour of the minority share holders, it might bump up the share price of E&O. March is coming... a good trading buy in my opinion but there are risk because the deal apparently is backed by BN hence remember its a trading buy. Just riding the news...
By the way, MBSB is charging nicely... deal coming through? :)