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Dari Dow Jones Newswire
DJ Malaysia's New Leader Faces Elections Test
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TAIPING, Malaysia (AFP)--Malaysia's premier Najib Razak faced a critical test Tuesday, as voters cast ballots in three by-elections seen as a referendum on support for his new leadership.
Najib, who was sworn into power last week, has announced an ambitious agenda to reform the ruling party UMNO, which represents majority Muslim Malays, and repair ties with the nation's ethnic Chinese and Indian minorities.
His pledges will be put to the test in the three votes, which will provide a snapshot of the public mood, and show whether UMNO has been able to claw back support after a disastrous showing in general elections a year ago.
The headline vote will be held in Bukit Gantang in northern Perak state, near the former tin mining town of Taiping, where a seat in national parliament is up for grabs.
The other votes are for seats in state parliaments - one in the northern state of Kedah and another in Sarawak on Borneo island that until now has been a stronghold of the UMNO-led Barisan Nasional coalition.
"Collectively, these three contests will illustrate whether Najib and his newly elected team have the support of the Malaysian people," said Bridget Welsh, a Southeast Asian specialist at Johns Hopkins University.
The three constituencies represent a spectrum of Malaysian voters, including rural Malays that have been UMNO's bedrock, as well as ethnic Chinese and Indians who shifted to the opposition in the March 2008 elections.
"Given the national representativeness of these constituencies, (whoever) emerges as victor in at least two of these contests will have the potential to secure the majority in the next elections," Welsh said in an analysis.
Political observers say the three-member opposition alliance has a good chance of winning in Bukit Gantang, where Barisan Nasional in January orchestrated the controversial ouster of Perak's opposition state government.
The vote in a remote part of Sarawak is expected to be a tough fight, and the election in Bukit Selambau is complicated by the presence of 13 independent candidates who might leach support from the main parties.
Ismail Saffian, the Barisan Nasional candidate in Bukit Gantang, reiterated the government's cautious hopes for victory.
"Based on my observation I have confidence that I can win, I have met the voters and the response is good. But it's going to be a tough fight," he said as he cast his vote at a schoolhouse polling booth.
Outside the voting center, dozens of police including riot squads equipped with tear gas and rifles stood guard between rivals camps of hundreds of supporters who cheered and shouted slogans.
"I always vote for Barisan Nasional, because it is the party that will ensure the future of my children and grandchildren. And I don't want the country to be in chaos," said 74-year-old voter Fatimah Osman.
Among others though there were calls for change, and for the Barisan Nasional to be punished for the ouster of the Perak state government, which was toppled when defections upset the delicate balance of power.
"This government is full of corruption. Perak now has an illegal government," said opposition supporter Sahra Mat Noor, 61.
"This will be a stiff competition, but god willing if there is no cheating, we will win."
The votes are also an important test of whether the opposition, which has won two by-elections in the past year, can continue working together effectively despite wide policy differences between the three members.
In the coastal fishing village of Kuala Sepeteng, where almost 50% of voters are ethnic Chinese, there was strong support for the opposition candidate who is from the Islamic party PAS.
"I voted for PAS, my four family members also voted for PAS, the opposition is strong here, we want a change," said Beh Lin Huat, a 55-year-old trader.
Results aren't expected until late Tuesday.
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access ... 19NeQW%2F7rA%3D%3D. You can use this link on the day this article is published and the following day.
[ Last edited by kirawang at 7-4-2009 14:49 ] |
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HARI NIH BIRTHDAY BOSS. LUPA LAK
HAPPY BIRTHDAY BOSSSSSSSSSSSSSSS...SEMOGA PANJANG UMUR...BERTAMBAH MURAH REZEKI...LEH BELANJA KITA ORANG SELALU 
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Reply #1799 Jelita's post
kak jel.. umur bos yg ke brp ni?
hoyeh.... happy birthday bro kirawang....
moga sihat sokmo & berjaya duplicate lebih ramai top producers univest.. chaiyok! |
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Originally posted by singamerah at 7-4-2009 23:31 
kak jel.. umur bos yg ke brp ni?
hoyeh.... happy birthday bro kirawang....
moga sihat sokmo & berjaya duplicate lebih ramai top producers univest.. chaiyok!
23 tahun, singa...
btw, terimakasih...JUmpa kita orang, tunjukkan taring singa anda...
Jangan sorok sorok... |
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Amran, berhati hati....
kan, dah kata,,,tengok KLCI hari ni...
Dah la 2-1, UMno kalah...
Stocks extend losses to 2nd day; Dow tumbles 186
Investors send stocks lower, extending pause in four-week rally as earnings reports loom
Sara Lepro and Tim Paradis, AP Business Writer
Tuesday April 7, 2009, 5:14 pm EDT
Buzz up! Print Related:Alcoa, Inc., Citigroup, Inc., Brinker International Inc.
NEW YORK (AP) -- Investors dumped stocks for a second day Tuesday, prolonging a break from a huge four-week rally as the market girds itself for potentially grim earnings reports.
Major market barometers all fell more than 2 percent, including the Dow Jones industrial average, which lost 186 points. Trading volume was low, which can amplify swings in the market.
The selling hit a wide range of industries, from financials to energy, in an otherwise quiet day during a holiday-shortened week. The markets will be closed for Good Friday.
Analysts attributed the pullback to profit-taking after a huge advance in March that gave the Dow its best four-week performance in more than 75 years.
Dan Cook, senior market analyst at IG Markets in Chicago, said investors are naturally cautious ahead of the parade of company's quarterly results but that the low expectations could benefit stocks.
"We've already set the bar very low for these companies so it is going to be hard for to disappoint to the downside," he said.
Investors are also focused on bank earnings that get under way after the long weekend, and several pessimistic forecasts about potential loan losses have jolted the market in recent days. Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. all report next week.
"The real key is going to be bank earnings," said Joe Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wis. "Really the entire market hinges on that."
On Tuesday, the Dow dropped 186.29, or 2.3 percent, to 7,789.56. The Standard & Poor's 500 index fell 19.93, or 2.4 percent, to 815.55, while the Nasdaq composite index fell 45.10, or 2.8 percent, to 1,561.61.
Traders had been nervous ahead of a report from Alcoa Inc., the first of the 30 companies that make up the Dow to post quarterly results. The giant aluminum maker reported after the closing bell that it lost $497 million in its first quarter as prices fell for the lightweight metal. The company's loss was worse than some analysts' had forecast but still not as bad as some traders had feared.
Investors have worried this week that Alcoa's results would set the tone for dismal results to come.
Financial stocks fell for a second day. Bank stocks helped push the market to its first loss in five days on Monday after the Treasury Department delayed a program designed to help banks unload soured loans from their books and a prominent analyst said losses at banks are likely to exceed Depression-era levels.
Though investors have been more optimistic in recent weeks, buoyed by some upbeat news about the economy, many analysts have warned that the rally might not be sustainable if earnings reports come in worse than expected.
"I don't think anybody is making a bet on improvement yet," said Jon Biele, head of capital markets at Cowen & Co. "There is still a very much wait-and-see attitude that is weighing heavily on the market."
JPMorgan fell 95 cents, or 3.4 percent, to $27.25, while Wells Fargo & Co. fell 40 cents, or 2.6 percent, to $14.85. Bucking the trend, Citigroup rose 4 cents to $2.76.
Alcoa fell 12 cents, or 1.5 percent, to $7.79, weighing on other material companies. The stock rose at times in electronic trading after the closing bell. The after-hours trades aren't always an adequate gauge of investor opinion, however, because trading volume is light.
Even before Alcoa's report, traders were seeing a mix of corporate news Tuesday that hinted at how fractious trading could be in the next month as profit reports arrive.
Emerson Electric Co., which supplies technology and engineering services, lowered its profit forecast for the year because of falling demand. But the reduction wasn't far off from what Wall Street had been expecting so traders sent the stock higher for much of the session. It ended unchanged at $30.89.
International Speedway Corp. fell $5.81, or 23.8 percent, to $18.62 after the motor sports company reduced its full-year forecasts amid weakening economic conditions.
Not all the news was grim. Brinker International Inc., operator of the Chili's Grill & Bar restaurant chain, rose 60 cents, or 3.7 percent, to $16.85 after announcing its fiscal third-quarter results would come in ahead of Wall Street's estimates.
Bond prices rose, pushing the yield on the 10-year note to 2.90 percent from 2.93 percent late Monday.
In other trading, the Russell 2000 index of smaller companies fell 15.86, or 3.5 percent, to 431.70.
About three stocks fell for every one that rose on the New York Stock Exchange, where volume came to a light 1.26 billion shares.
The dollar was mixed against other major currencies. Gold prices rose.
Light, sweet crude fell $1.90 to settle at $49.15 a barrel on the New York Mercantile Exchange.
Overseas, Britain's FTSE 100 fell 1.6 percent, Germany's DAX index lost 0.6 percent, and France's CAC-40 fell 0.9 percent. Japan's Nikkei stock average fell 0.3 percent
[ Last edited by kirawang at 8-4-2009 07:35 ] |
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Mana pergi abe LAT
Semalam training tak datang, diam diam je..Tak inform..
Tak pernah lak macam tu,
ke kena kidnap, bawak duit banyak sangat, semalam kan komisyen day...
[ Last edited by kirawang at 8-4-2009 12:46 ] |
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Good Info..
Is this a good time to buy stocks?
Personal Investing - By Ooi Kok Hwa
THE current financial crisis is making it hard for some investors or analysts to derive the intrinsic value of a company.
Some long-term investors intend to accumulate stocks during this period.
However they are not too sure whether this is the right time to buy stocks even though the share prices of some companies are much lower than analysts’ computed intrinsic value. They wonder whether the current share prices have already factored in all the incoming bad news, like poor revenue, earnings or further write-down on inventories, debtors or other assets.
Some investors may argue that the stock prices are real and truly reflect the value of certain companies – the very low stock prices for these companies may imply that they will go bankrupt soon.
Investors always ask why different analysts compute different intrinsic values for the same listed company. Sometimes they wonder which one should they rely on. Besides, they are unable to comprehend why some analysts keep changing their intrinsic values for certain companies. It may appear that the value changes according to the market and economic situations.
Investors notice that whenever the market recovers, analysts start to revise upward the intrinsic value of some companies, much higher than their market prices.
However, whenever market sentiment turns negative, they start to revise downward the intrinsic value, much lower than the current market prices. This has created confusion among investors and they wonder why analysts cannot provide a fixed intrinsic value for each listed company.
As a result, one common question arises from most investors: can we really rely on analysts’ intrinsic value to buy stocks? Some may even argue: can we really trust analysts’ research reports?
To answer the above questions, we need to understand the meaning of intrinsic value. According to Benjamin Graham, the father of value investing, intrinsic value is the value of the company to a private owner. It is the price of a company that the owner will sell, which should reflect all the facts, including the value of its assets, earnings, dividends as well as potential future prospects.
We need to understand that it is an estimate rather than a precise number. It changes according to market valuations as well as the economic outlook. Besides, analysts’ computed intrinsic values are only valid on the research reporting dates.
They are not valid even a day later because the estimation of the intrinsic values will change whenever the market receives new information on the companies, new economic outlooks or new market conditions.
The movement of interest rates, currencies, commodities, introduction of new stimulus packages, overseas market movement can affect the estimation of the intrinsic values. Furthermore, those variables change every day. Hence, we need to be careful on the reporting dates whenever we read any research reports.
Different analysts use different methods to derive the intrinsic values. Warren Buffett suggests that the intrinsic value is derived from discounting all future free cash flows of the company to present value. He named these free cash flows as owners’ earnings. This method is commonly used in most business appraisal reports and being taught in investment valuation courses.
According to Graham, intrinsic value can be determined by the earnings power of a company. It is the earnings capacity of a company in a normal year – the earnings that it can earn year after year during normal business conditions.
He suggested that we should use normalised earnings and normalised market valuation to derive the intrinsic value. Examining the company’s past earnings trends as well as future average expected earnings will provide us a clue to its normalised earnings. We can use historical market valuation to derive the normalised market valuation.
Hence, we notice that different investment gurus use different methods to derive the intrinsic value. This explains why different analysts compute different intrinsic values for the same company.
As long as they have reasonable basis, supported by appropriate research and investigation, we can accept those values. Nevertheless, we need to pay attention to the assumptions they used as well as the suitability of the valuation methods during that period.
Unfortunately, investors with limited financial training will have difficulties to evaluate the quality of those research reports. We suggest investors read more research reports on the same listed company before coming to a conclusion to buy or sell.
Ooi Kok Hwa is an investment adviser and managing partner of MRR Consulting. |
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Originally posted by kirawang at 8-4-2009 07:33 
Mana pergi abe LAT dan adiknya edy...
Semalam training tak datang, diam diam je..Tak inform..
Tak pernah lak macam tu,
ke kena kidnap, bawak duit banyak sangat, semalam kan komisyen day...
ada boss...
HAPPY BIRTHDAY boss...
semuga terus suksesss...
semlm ada appoinment sampai 11.30 pm
so x dapek nok menghadirkan diri..
ada simpan kek utk kawe tak? |
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Originally posted by kirawang at 8-4-2009 10:19 AM
appoinment atas ranjang lah tu...
ceh...:@
Apalah boss ni org keje condem pulak...Cuba la bagi semangat sikit.. Dah la skrg market menurun.. Kalau asyik kena condem je semangat pun menurun.. |
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Pinjan ayat Edy jap..............
Yahhhhooo...market jatuh....
[ Last edited by kirawang at 8-4-2009 11:04 ] |
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Originally posted by kirawang at 8-4-2009 10:54 AM
oh ye..ke,,betul betul kerja...Itu sudah bagus, sampai jam 11.30 malam tu...Nampaknya ada positive sign after condem. Saya akan puji time perlu dipuji dan condem time dikondem......Tak caya, ...
Condem boleh tapi apalah sampai ke ranjang pun nak sebut... Anyway tak kena puji pun takpe boss.. Kitaorg tak kisah pun . |
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............................
[ Last edited by edypublicmutual at 8-4-2009 14:49 ] |
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................................
[ Last edited by edypublicmutual at 8-4-2009 14:51 ] |
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Update terkini......... perlukah kita ambil tindakan??
FUNDAMENTALLY…
Strategy – Time to take a break. In April alone, the KLCI has rebounded by almost 5.4% to close at 920 yesterday. This long awaited rally brought much excitement to the equity markets as volume was significantly higher too. Sime Darby, Bumiputra-Commerce, IOI Corporation and Genting have outpaced the benchmark by 0.9-%pts. And with Dow Jones in consolidation mode, our market could take a break as well. Historically, whenever volume went close to hitting 1b shares or more, chances are market may have peaked and often tends to soften on profit taking soon after. Investors may use this indicator as an early sign of consolidation. Technically, we see buying opportunities (on weakness) on Public Bank and MISC, and selling on IOI Corp, Genting and Digi.com. |
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What’s Relevant
Late buying support lifted Malaysian shares from its intraday low of 913 to close only 4pts lower at 920. A volatile regional market, coupled with the anxiety over three by-elections prevented investors from taking aggressive move in the stock market. The KLCI snapped 5-day rally, led mainly by Maybank and its rights shares. Profit taking activities were widely seen but losses were cushioned by construction stocks. Selective buying of plantation stocks also helped narrow the gap after CPO futures reversed early weakness to close in the positive territory. |
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Category: Belia & Informasi
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Author
Post time 7-4-2009 05:26 PM
