Composite Index

KLCI to monitor 1387.66 for direction.

15 Steps to Cultivate Lifelong Learning

3) Get More Intellectual Friends
Start spending more time with people who think. Not just people who are smart. But people who actually invest much of their time in learning new skills. Their habits will rub off on you. Even better, they will probably share some of their knowledge with you.

9) Unlearn Assumptions
You can’t add water to a full cup. I always try to maintain a distance away from any idea. Too many convictions simply mean too few paths for new ideas. Actively seek out information that contradicts your worldview. (read more...)

Composite Index

The art of war teaches us to rely not on the likelihood of the enemy's not coming, but on our own readiness to receive him; not on the chance of his not attacking, but rather on the fact that we have made our position unassailable. --- Sun Tzu

Technical Note: It is important that KLCI to hold firmly above the water level of 1352.44 today (Thur) trading.

Wisdom of Jesse Livermore

(Chapter V) “The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” (read more...)

Behavioural Finance

Mental anchoring on past patterns
Almost all investors use some form of reference before making a decision. One such reference is mental anchoring — a phenomenon where people use only one set of facts or a single idea to make decisions. Mental anchoring is also used in behavioural finance to explain how investors use past standards or patterns to make decisions. The phenomenon is also known as mental reference. (read more...)

Clustering Illusion
This is the tendency to see patterns where none actually exist. A study conducted by Thomas Gilovich, showed people were easily misled to think patterns existed in random sequences. Although this may be a necessary by product of our ability to detect patterns, it can create problems. The clustering illusion can result in superstitions and falling for pseudoscience when patterns seem to emerge from entirely random events. (read more...)

Composite Index

Appear at points which the enemy must hasten to defend; march swiftly to places where you are not expected. (Sun Tzu)

Technical Note: It is important that KLCI to hold firmly above the water level of 1352.44 today (Wed) and tomorrow (Thur) trading.

Inverted Head and Shoulders

A head and shoulders bottom is a reversal pattern which occurs following an extended downtrend. This bullish pattern is named for the three lows which resemble an inverted head and shoulders pattern. The buy signal is when price breaks above the neckline. (read more...)

The Master Key Of Wisdom

"TO LIVE IS TO LEARN; TO GIVE IS TO EARN."
Each moment of your life is a moment of ultimate choice. Life is a never-ending challenge for good and for bad. Vested in you and each human being is the ability to choose the one or the other. The good pathway is Chung Doe, leading to greater harmony, balance, integrity, peace, joy, trust, honor, togetherness, and light. Travelers on the Chung Doe pathway have a clear vision of the future. They follow the straight course of principle and honor in their climb toward In Gan, the highest form of humanness. That is the ultimate objective. Since civilization the law of nature has existed and, for many centuries, masters have taught others and passed down a system of moral principles known as Moo Doe—the master key of wisdom that unlocks the gateway to extraordinary internal and external strengths (mentally and physically) and the highest level of spirituality. (read more...)

Trick or Treat for Halloween Night

Halloween, or Hallowe'en, is a holiday celebrated on the night of October 31. Traditional activities include trick-or-treating, Halloween festivals, bonfires, costume parties, visiting "haunted houses" and viewing horror films. (Source: Wikipedia)

ZenTrader Note: Make sure you have your Candy Bar ready on October 31 as it will be the most spooky Halloween Night ie Trick (no rate cut) or Treat (another deep rate cut) ...! Happy reading.

Composite Index

Technical Note: KLCI to monitor the water level of 1352.44 for direction.

Air HK contract to lift Transmile earnings

The contract is like an outsourcing activity. Transmile was leasing its aircraft and crew to Air Hong Kong to help the latter transport cargo between Hong Kong and Beijing, and vice versa, industry sources told StarBiz. They said this was a lucrative part of the air cargo business for those with idle capacity, given the shortage of cargo planes worldwide. Also, aircraft owners need not worry about load factors. (read more...)

ZenTrader Note: I think the key word here is that: "given the shortage of cargo planes worldwide ..." Happy reading.

Composite Index

Technical Note: KLCI to monitor 1352.44 & 1373.01 for direction.

Nuclear Energy

Will Malaysia accelerate plans for nuclear energy?
Malaysia should turn to nuclear energy as an alternative source of electricity as emerging economies and developed nations compete for scarce energy resources. This, according to Noramly Muslim, the chairman of the Malaysian Nuclear Licensing Board. The Malaysian government is preparing to use nuclear energy for power generation after 2020 but the plans could be accelerated. (read more...)

The Rat Race - Tenaga

Decision, Decision
We believe the Malaysian government is currently faced with a big headache in managing the gas price issue. On one hand, Petronas has been lobbying hard for an upward adjustment in the processed gas prices supplied to both the power sector and the industrial players. On the other hand, Tenaga, 37% owned by Khazanah, wants to make sure that any hike in gas price will be accompanied by an electricity tariff hike to protect its profit margin. Finally, there is also the welfare of the masses in the equation where the government may have to consider without being overly burdened by the changes in electricity tariffs. (Source: theedgedaily.com)

A Rate Race
A rat race is a term used for an endless, self-defeating or pointless pursuit. It conjures up the image of the futile efforts of a lab rat trying to escape whilst running around a maze or in a wheel. In an analogy to the modern city, many rats in a single maze run around making a lots of noise bumping into each other, but ultimately achieve nothing (meaningful) either collectively or individually. (Source: Wikipedia)

ZenTrader Note: Technically based on Money Flow Index the Price Action indicated that the Rat Race has found its way out and the government will have no option but to solve the root of the real problem ie to hike the electricity tariff and renegotiate the IPP contracts or else turn off the POWER once and for all. Also a stronger RM will not only help TNB's bottom line but also the government's ability to balance out the imported inflation. Tenaga (5347) is now trading at RM9.35 and it is backed by NTA of RM5.6 per share. Next Thur, Oct 25 2007 TNB will have some number to show us. The Energy Crunch, is it real or phony? I don't know but it reminded me the last Energy Crisis. At that time we were having family holiday trip in Taiwan and by 10.00pm the whole hotel will have no power supply (I think the whole city) and all the guest rooms were without TV, light, I think air-con too ... the feeling that time was that it was COOL and kind of Peaceful and a very quiet night. Happy reading.

Composite Index

Time Magazine, January 21, 1974
"Energy Crunch: Real or Phony?" An article which focuses as much on the character and history of William E. Simon, the newly-appointed "Energy Czar,"

ZenTrader Note: It is important that the market to hold firmly above 1373.01 level today (Fri) trading.

Composite Index

ZenTrader Note: It is important that the market to hold firmly above 1373.01 level today (Thur) and tomorrow (Fri) trading.

US Recession in 2007 - Third Leg of the Bear Market Likely

Debt
One of our main arguments has been that U.S. consumers are holding unsustainable levels of debt. The chart below from Ian Gordon, from The Long Wave Analyst shows private debt levels to GDP overlaid with his interpretation of the Kondratieff Wave. Without giving a lengthy description of the Kondratieff Wave, let us just say that as interest rates fall, investors are willing to take on more debt. Much of this credit is spent or used to fuel asset bubbles. Eventually bubbles exhaust themselves and deflate assets but debt is still owed. Participants must default on their debts causing loss of faith in financial institutions and subsequent depression. As you can see debt is now 300% of GNP, much higher than in 1929. (read more...)

Virgin Galactic

The Space Cowboys
The hyperentrepreneurial Branson, 56, has an unlimited appetite for outlandish promotional stunts, but launching the space-tourism industry with him on board the first Virgin Galactic flight would be tough to top. He is so confident, he plans to take his two kids, his 91-year-old dad and his 88-year-old mother with him. (read more...)

Ibrahim Sharaf to be first Emirati in space
Sharaf Travel, announced on Tuesday that they will be the UAE general sales agent for Virgin Galactic. Sharaf is paying $200,000, for the zero-gravity trip which will take place sometime in 2009. "I am confident with the leadership and vision of Sir Richard Branson and the Virgin Group’s commitment to technology, innovation, safety and customer experience, that sub-orbital flights are just a stepping stone for what will come in the future. I’m so privileged to join with many others to be a part of creating space travel history." (read more...)

ZenTrader Note: I think our very own hyperentrepreneuria Dato' Anthony Francis Fernandes of Air Asia must have already booked his space travel ticket with Virgin Galactic. Happy reading.

Composite Index

Therefore, the best warfare strategy is to attack the enemy's plans, next is to attack alliances, next is to attack the army, and the worst is to attack a walled city. (Source: SUN-TZU, THE ART OF WAR)

Technical Note: KLCI to monitor 1352.44 & 1373.01 for direction

Composite Index

Knowing the place and the time of the coming battle, we may concentrate from the greatest distances in order to fight. (Source: Sun Tzu)

ZenTrader Note: It is important that the market to hold firmly above 1373.01 level today (Tue) and tomorrow (Wed) trading.

Selamat Hari Raya Aidilfitri

Celebrating
Usually on the eve of the celebrations, family members, especially mothers and housewives, will be busy preparing food, cakes, sweets, biscuits and various delicacies to be served on the day of Hari Raya. Delicacies such as ketupat or rice cake and a meat cuisine called rendang are among the most famous cuisines that are served during this day. Other family members will help in other chores such as decorating and cleaning up the house. (Source: Wakipedia)

Composite Index

ZenTrader Note: It is important that the market to hold firmly above 1373.01 level today (Thur) and tomorrow (Fri) trading.

TH Global Halal or TH Global Food

8 Oct 2007: Corporate: What's Tabung Haji up to at Silver Bird
And just how significant is Silver Bird to LTH's plans to go into the food business in a big way? Is the accumulation of shares only the first step of a much bigger plan in Silver Bird? There's also talk of an eventual merger between Silver Bird and Gardenia Bakeries Sdn Bhd, and that businessman Tan Sri Syed Mokhtar Al-Bukhary may eventually come into the picture. There has been ongoing speculation that Syed Mokhtar is mulling a takeover of Padiberas Nasional Bhd (Bernas), which owns 30% of Gardenia. Bernas too want to grow its business in the halal food segment, and has been looking for acquisition targets. (read more...)

3 Sept 2007: Corporate: Wang Tak mops up Bernas shares
Wang Tak is a unit of Hong Kong-listed Lee Hing Development Ltd, whose principal activities are property investment and investment holdings, according to data from the Hong Kong registrar of companies. Market watchers say Bernas, which is looking to grow its business in the non-rice food segment, may be among prominent players in the halal food industry, in which Malaysia is looking to build a global niche. Bernas owns 30% of Gardenia Bakeries (KL) Sdn Bhd, which has the lion's share of the white bread market in Malaysia and Singapore. (read more...)

ZenTrader Note: Bernas (6866) is trading at about 7.8 times earnings and backed by NTA per share of RM2.16 and it is now trading at RM2.08! Happy reading.

Composite Index

Technical Note: KLCI to monitor 1352.44 & 1373.01 for direction.

Composite Index

Technical Note: KLCI to monitor 1352.44 & 1373.01 for direction.

Lee Kuan Yew: Myanmar crisis destabilizes ASEAN region

Sept 28, 2007: Call for EU to boycott China Olympics over Burma
"The consensus around the European Parliament is that China is the key. China is the puppet master of Burma," Mr McMillan-Scott said, according to Reuters news agency. "The Olympics is the only real lever we have to make China act. The civilized world must seriously consider shunning China by using the Beijing Olympics to send the clear message that such abuses of human rights are not acceptable," he added. (read more...)

October 6, 2007: Lee Kuan Yew: Myanmar crisis destabilizes ASEAN region
And ASEAN leaders know that if the situation in Myanmar deteriorates and continues to deteriorate, there will come a breaking point, where much more brutal force will be used to put a revolt down. So it is in the best interest of every country in ASEAN to help stabilize Myanmar. An unstable Myanmar is a time bomb. (read more...)

October 7, 2007: Security Council to meet to consider action against Myanmar
The 15-member body was to weigh a draft statement that would condemn "the violent repression of peaceful demonstrations" by Myanmar's rulers, urge them to "cease repressive measures" and release detainees as well as all political prisoners, including opposition leader Aung San Suu Kyi. (read more...)

Composite Index

Technical Note: KLCI to monitor 1373.01 for direction.

CIMB: More Banking Merger Needed

"Malaysia's banking sector has to consolidate sooner rather than later. We are still somewhat subscale, at bar one maybe," CIMB chief executive Nazir Razak told reporters. "If you wait, the doors will open and you will have the full-fledged force of global banks. It will be very difficult for (local) banks if they are subscale." Malaysia's overcrowded banking sector first underwent a major overhaul in 2001 when 54 banks and financial institutions merged into 10 anchor groups. The central bank has said it envisages further restructuring to create fewer but stronger players. (read more...)

ABN Amro Goes Virtual
Dutch bank ABN Amro (ABN - news - Cramer's Take - Rating) became the first European bank to establish a presence in Second Life when it opened its virtual branch last week, raising the possibility of a lending service being made available in the virtual world. "Second Life is an example of a new-generation Internet site that is rapidly gaining popularity and where we want to have a presence from an early stage," Wietze Reehoorn, board member of ABN Amro, said in a statement. "It adds an extra dimension to the way in which we experience the Internet. It makes Internet-based communication with customers more direct and personal." (read more...)

ZenTrader's Note: "These Terminators were invented by Skynet (fictional), an artificially intelligent computer that, in the near future, takes over all military hardware and launches a nuclear war against humanity." Please enjoy the movie.

Composite Index

Technical Note: KLCI to monitor 1373.01 for direction.

RAM puts TM, Celcom on rating watch

While the details of the overall capital management strategy has yet to be confirmed, RAM Ratings expects that TM will have a better post-demerger balance sheet and cashflow coverage. Meanwhile, the eventual credit profile of TM International will have a material effect on the rating of Celcom and, possibly, Hijrah Pertama. RAM Ratings highlights that TM International has a more risky business profile compared to TM, given the former’s strong focus on foreign markets where the operating environments are often more challenging and competitive. Moreover, we can expect TM International to stay on an acquisitive path – and likely leverage further - given its aim to become an active and dynamic regional telecommunications player. Compounded by the heavy capital expenditure (“capex”) required in these markets, and the ensuing heftier debt burden, the credit profile of TM International is likely to be weaker compared to TM. As such, Celcom could be exposed to a weaker parent company, as well as “group risks” associated with TM International, and the fact that Celcom will no longer be under the domestic giant, TM Group. Moving forward, the proposed demerger may cause Celcom to lose the synergistic benefits from TM’s infrastructure and strong position as Malaysia’s national telecommunications company. (read more...)

ZenTrader's Note: Remember I said TM is more attractive than TMI? Also don't forget I said the new CEO must have Virtual Property in Second Life. Happy reading (tomorrow news today).

Poker King vs Casino King

Hong Leong Bank
Hong Leong Bank was founded by Mr. Lam Ting Yeu and began its operations in 1905 in Kuching, Sarawak under the name of Kwong Lee Mortgage & Remittance Company. On 3 January 1994, the Hong Leong Group Malaysia acquired MUI Bank Berhad through Hong Leong Credit Berhad and renamed it as Hong Leong Bank Berhad (HLBB). HLBB was listed on the Kuala Lumpur Stock Exchange on 17 October 1994 with its total paid?up capital enlarged to RM 470 million. Since then, the growth of the Bank has been remarkable. (Source: Wikipedia)

ZenTrader's Note: In 1989 after HUME failed to acquire MPHB which owned a commercial bank named Malaysia French Bank, Tan Sri Quek Leng Chan went to MUI Group and acquired one of the smallest bank in town named Kwong Lee Mortgate or MUI Bank and then transformed it into a Banking Giant now known as Hong Leong Bank. However, we know that the banking landscape has changed since then as BNM is now in the process of re-institulization the banking sector and many old names such as Tan Sri Rashid Hussain , Taib Family, Tan Sri Tan of Sounthern Bank have exited the banking sector. I think the MPHB for Tan Sri Quek is more important than what we think it is. If the acquisition of MPHB is as simple as finding a listed shell for his oversea casino business I think they are more sexy shell for Tan Sri to cherry pick. For example Tebrau, simple Asset Mix with no debt and no core business basically so my view is that this is one of the biggest battle Tan Sri will fight for as unlike last time they were more bank than rice shop in town. For gaming license this time, it has NOT many. The important question now is that a Banking Giant such as Tan Sri Quek planning to enter the gaming world in big way, you think Uncle Lim will NOT be watching each and every of his moves? One good thing about Gaming Sector is that CIMB's CEO Nazir Razak cannot go after it as it is prevented by his religious to touch this sector. As long as you fully pay your sin tax, no body from UMMO Linked Company will be interested in your Gaming Empire and I think Tan Sri is ready to pay TOP Dollar for this privilege. Happy reading.

Singapore and Kuala Lumpur stock exchanges closed for three days.

Pan-Electric Liquidation
Creditor banks suspended talks to rescue Pan-Electric last month, soon after Tan Koon Swan, a Malaysian businessman and political leader, was arrested as a result of Government investigations into the financial dealings of Pan-Electric. When Pan-Electric went into receivership in December after failing to meet $187 million in debt payments, the Singapore and Kuala Lumpur stock exchanges closed for three days. (Source: REUTERS)

Case Study on Pan-Electric Crisis
The Pan-Electric crisis is significant, if nothing else, as the reason the Singapore Stock Exchange (SES) was closed for the first and only time in its history. The collapse of Pan-El following its huge debts and inability to make good on forward contracts precipitated a systemic crisis that threatened the entire then-nascent stockbroking industry. (Source: MAS)

ZenTrader's Note: I think MPHB CEO's Office maybe NOT very good Feng Shui as most of their CEO will somehow involved in very big International Court Case and also keep in mind that if Mr. Surin were to do what he will do as predicted by ZenTrader's Prisoner Dilemma Theory, the implication on Thai, Singapore and Malaysia Stock Market will be very BIG! Happy reading.

ACQUISITION OF MULTI-PURPOSE HOLDINGS BERHAD: A CASE ANALYSIS

In this episode MPHB was offered RM1.13 billion for its entire paid-up capital by Hume Industries Berhad. KCB entered the scene as a white knight through an offer to buy over Koperatif Sebaguna Malaysia (KSM), a major shareholder of MPHB.

THE PREDATOR Hume Industries (Malaysia) Berhad, which all this while had kept a low profile in the corporate scene, suddenly shot into the limelight on 12 April 1989 with its proposed offer for MPHB. The RM1.13 billion bid, the biggest ever in Malaysia at that time had set the market talking, especially since it had the setting of a hostile takeover.

There was an exceptionally high trading volume of MPHB shares in both the Kuala Lumpur and Singapore stock exchanges in the last five weeks before Hume takeover announcement. At one point more than 60 million shares changed hands on a single market day. Over the heavy trading period, the MPHB share price which was previously languishing around RM1.00 moved up steadily and hurriedly to around RM1.53 by 25 April 1989. (Source: Faculty of Economics & Administration, Universiti Malaya)

ZenTrader's Note: I think the planned takeover by HUME was related to MPHB's Banking License as Hong Leong Group was one of the tycoon in Malaysia without a banking license at that time. My view is that the hottest game in town today is Casino Play so it is not a surprise the real Hidden CARD this time is the Gaming License owned by MPHB's Magnum & I think he must have a real big gaming game for all of us to play. Happy reading.

Composite Index

Technical Note: KLCI to monitor 1373.01 for direction.

The classical prisoner's dilemma

In this game, as in all game theory, the only concern of each individual player ("prisoner") is maximizing his/her own payoff, without any concern for the other player's payoff. In the classic form of this game, cooperating is strictly dominated by defecting, so that the only possible equilibrium for the game is for all players to defect. In simpler terms, no matter what the other player does, one player will always gain a greater payoff by playing defect. Since in any situation playing defect is more beneficial than cooperating, all rational players will play defect, all things being equal. (Source: wikipedia)

Composite Index

Technical Note: It is important that KLCI to hold firmly above 1339.71 level today (Wed) trading.

Game Theory: MPHB's Prisoner Dilemma

For those who have economic background should know that the optimal choice for Mr. Surin is to confess as this is the best strategy based on Prisoner Dilemma Theory.

However if Mr. Surin were to confess to Thai authority his business empire will be at risk. I think the big question here is that the block of share owned by Mr. Surin may or may not goto Poker King as someone with very experienced corporate M & A background with strong working relationship with Temasek (howcome this person sounded like CMY) maybe able to take advantage for the fact that at this stage it is very hard for Mr. Q to backoff from MPHB and the only way out is to pay top dollar for this share and by all mean this is happy ending story. However, from the Congo Trap we can see that the whole story may not be that simple and the opponent may not be friendly to Poker King as this maybe a Casino King vs Poker King and in the poker game they said if after 5 minutes if you still cannot tell who is the sucker on the table most likely you are the big sucker. Happy reading.

Quek sells his Multi-Purpose shares

If Quek is paring his stake in Multi-Purpose, it would leave him holding 14.4 million of the company's shares. However, if he were to fork out RM206.9 million to convert all his warrants into shares, he would still hold an 11.4% stake in Multi-Purpose. It should be noted that Quek bought his original block at RM1.80, which is five sen higher than the selling price of the more recent blocks of shares.

Looking at the bigger picture, these shareholding changes may just prove to be the harbinger of more significant things to come for Multi-Purpose. "This could be the sign that there is a major corporate exercise in the works," says the source.

Industry observers felt that Multi-Purpose was undervalued, given its rich asset base. Multi-Purpose saw its net assets per share increase year on year from RM1.47 to RM1.73. (read more...)

ZenTrader's Note: Statistically speaking MPHB is Positively Correlated to Magnum's Price Action. Happy reading.

Google 'to test rival to Second Life'

Google is thought to be set to trial an online virtual universe based on its popular satellite imagery software that would rival Second Life. An announcement by the university, which already has significant ties with Google, said that the project was being developed by a “major internet company” and contained hints that it would include features related to 3D-modelling and video gaming — two possible components of a new virtual world. Speculation that the new tool would be an immersive virtual world to rival Second Life and created by Google, was fuelled by a blog post this year from Michael Eisenberg, a partner at Benchmark Capital, the technology-focused venture capital group, who said he had heard “through the PhD grapevine ... Google is working on turning Google Earth into a virtual world a la Second Life.” (read more ...)

ZenTrader's Note: I think one of the key hiring factor for new TM CEO is to see whether or not he has any Virtual Property in Second Life as the RM15 Billion HSBB is Not a cheap toy and the new CEO must have expert knowledge in this Virtual World. Happy reading.

Composite Index

"Whoever is first in the field and awaits the coming of the enemy, will be fresh for the fight; whoever is second in the field and has to hasten to battle will arrive exhausted. Therefore the clever combatant imposes his will on the enemy, but does not allow the enemy's will to be imposed on him. By holding out advantages to him, he can cause the enemy to approach of his own accord; or, by inflicting damage, he can make it impossible for the enemy to draw near." (Source: SUN TZU ON THE ART OF WAR)

Technical Note: It is important that KLCI to hold firmly above 1339.71 level today (Tues) and tomorrow (Wed) trading.

Second Life: It's not a game (for TM)

By early January more than 3,000 IBM employees had acquired their own avatars, and about 300 were routinely conducting company business inside Second Life. "The 3-D Internet may at first appear to be eye candy," Palmisano writes in an e-mail interview, "but don't get hung up on how frivolous some of its initial uses may seem." He calls 3-D realms such as Second Life the "next phase of the Internet's evolution" and says they may have "the same level of impact" as the first Web explosion.

This virtual world - don't call it a game - has become a phenomenon: Second Life, which is free for casual use, has about 334,000 regular visitors. More than 2.6 million have checked it out, a figure that in mid-January was growing by about 20,000 per day.

But what's beginning to catch the attention of IBM and other huge corporations is something potentially far more profound than a new online pastime. It's the ability to use Second Life as a platform for a whole new Net - this one in 3-D and even more social than the original - with huge opportunities to sell products and services. (Source: CNN)

ZenTrader's Note: I think the Demerger Plan will give TM a Real Sexy Second Life. My view is that Mobile Phone Cycle has reached its peak level and the competition has forced many local mobile telco to expand into oversea markets for growth. My view is that the Hi Speed Broadband (HSBB) Application is more sexy story as this is the most promising sector in which corporate and ordinary users willing to pay top dollar. It will not only be used to play Online Game but I think many future business/financial/educational operation or application will be and must be HSBB enabled. So stay tune and watch how TM to transform its Second Life into a more sexy one. Happy reading.

$4 billion railway project in Republic of Congo

A group of firms led by a subsidiary of Malaysian firm Multi-Purpose Holdings (MLPM.KL: Quote, Profile , Research) is undertaking a mammoth $4 billion railway project to build 1,500 km of railway lines and refurbish an existing 500 km of track in the Republic of Congo, the Edge financial daily said on Monday. (read more...)

The Bangkok South Criminal Court yesterday approved an arrest warrant for Surin Upatkoon, a major shareholder in Kularb Kaew. Mr Surin has repeatedly failed to turn up to answer police charges that he violated the Foreign Business Act by holding shares of Kularb Kaew as a nominee for Singapore’s Temasek Holdings. (read more...)

ZenTrader's Note: Putting two news together we will not be surprised why MPHB with a cashcow in Malaysia ie Magnum decided to venture into the Land of Tarzan. I think the takeover fight will happen sooner than expected & Mr. Surin is running out of time. The USD4 Billion project in Congo I think is just a poison pill to fight back a takeover attempt by unfriendly party. Please don't forget to consult your Licensed Investment Adviser when you BUY or SELL any share in stock market. Happy reading.

Composite Index

Technical Note: KLCI to monitor 1339.71 for direction.