Archive for January, 2013

Slightly lower

Thursday, January 31st, 2013

LONDON: European shares fell from two-year highs yesterday, dragged lower by concerns over earnings in the tobacco and oil services sectors, including a profit warning from Italy’s Saipem. By 1149 GMT, the FTSEurofirst 300 fell 3.23 points, or 0.3 per cent to 1,174.56, with poor economic data from Spain and Switzerland also weighing. “There is […]

Allianz to focus on retirement plans

Thursday, January 31st, 2013

KUALA LUMPUR: Insurance services provider, Allianz Life Insurance Malaysia Bhd, said retirement planning will be among the company’s main focus areas this year. Its chief executive officer, Jens Reisch, said the insurance sector must be prepared with retirement schemes as people were living longer and Asia was ageing rapidly. “Currently, there is insufficient financial education […]

‘OPR likely to stay unchanged at 3pc’

Thursday, January 31st, 2013

THE central bank is likely to leave the borrowing rates unchanged at three per cent today, according to research houses in Malaysia and Singapore. With the low inflationary pressures, research houses expect the Overnight Policy Rate (OPR) – the benchmark interest rate – to remain unchanged although the risks are on the upside in the […]

Stronger on Dow boost

Thursday, January 31st, 2013

HONG KONG: Asian markets rose yesterday after the Dow finished near its all-time closing high, with Japan’s Nikkei leading the way, fuelled by continuing weakness in the yen. Traders are keeping a close eye on the United States, where the Federal Reserve is due to end a two-day policy meeting, with analysts expecting it to […]

Risk Tolerance Only Tells Half The Story

Thursday, January 31st, 2013

  Just because you’re willing to accept a risk, doesn’t mean you always should. Risk Tolerance Only Tells Half The Story Mon, 28 Jan 2013 23:09:53 GMT L. C. Chong’s Investment and Trading Blog

Highest close in 21 months

Thursday, January 31st, 2013

SHARES ended up 0.71 per cent yesterday, hitting around 21-month highs, after the Dow closed just shy of its record finish. The benchmark Hang Seng Index added 166.89 points to 23,822.06 and#8212; its highest close since April 2011 and#8212; on turnover of HK$ 76.13 billion. Yesterday’s gain puts the index up 5.1 per cent so […]

MRT Corp awards RM19.5m contracts to Bumi contractors

Thursday, January 31st, 2013

KUALA LUMPUR: A total of 44 work packages for the Klang Valley Mass Rapid Transit (MRT) project worth RM19.5 million were awarded yesterday to Classes G1, G2 and G3 Bumiputera contractors. In announcing this, MRT Corp Sdn Bhd chief executive officer Datuk Azhar Abdul Hamid said the contracts were part of the government’s target of […]

How To Become A Dealer / Sales Trader

Thursday, January 31st, 2013

Follow up on my posting on how to become an equity analyst, this one refers to the very uncertain, multi definition role of who and what a dealer is. It depends on the securities firm, whether they are players in the institutional business.Let’s start by defining the various dealing roles:a) remisiers – you basically work […]

Mewah revives RM200m Lahad Datu refinery plan

Thursday, January 31st, 2013

MEWAH Group, Malaysia’s second biggest palm oil refiner, has revived the installation of its RM200 million refinery in Lahad Datu following the government’s decision to restructure crude palm oil (CPO) tax. Effective January 1, the export tax on CPO has been lowered to between 4.5 per cent and 8.5 per cent, from the previous average […]

ORNA – Technical Short Term Buy On Dip

Thursday, January 31st, 2013

ORNA  (Ornapaper Berhad) –  MYR0.755 (Stock Code: 5065)  (Bloomberg Code OPB MK Equity) ORNA (Ornapaper Berhad) Daily Chart (click to enlarge): ORNA  made a daily major Wave C low of MYR0.41 (16 May 2012) with grossly oversold and bullish divergent signals. We believe the stock is in a very firm daily uptrend. With all  its […]