Horizon.my

In case you’re wondering why Bursa Malaysia is so strong despite the Dow making fresh lows each day, HLeBroking’s newsletter today provides a good glimpse of the scenario. Construction and Plantation Sector These two sectors are holding up the KLCI. Construction Stocks have been in an uptrend of late as traders buy up construction stocks [...]

How to Tell Bad News and Make your Share Price Go Up… maybe this is a better title for this article. I am talking about the 13-Feb Profit Announcement by AMMB Holdings Berhad, Malaysia’s fifth largest banking group by total assets. In that Announcement, it was obvious that the bank is increasingly negative about the Malaysia [...]

As an investor, you want to make sure that your company is not paying obscene salaries to the top execs. We’ve seen what happened at the US investment banks such as Lehmans and Merrill Lynch. Since I’ve got some bank shares, I was a little curious about what our top banking executives earn here in [...]

Here are the key highlights for Malaysia’s banking sector in December 08 based on figures published by Bank Negara. 1. Loan growth of 12.8% year-on-year, driven by business and mortgage loans. This is as the strongest showing since 1998. 2. Industry NPL ratio stood at 4.1% (down from 5.6% last year). NPL is now at [...]

I am pleased to advise that we have just added the following companies in our Bursa Malaysia company database: DRB-Hicom Berhad – Conglomerate with operations in automotice assembly/distribution, property and infrastructure development LPI Capital Berhad – Leading general insurance group in Malaysia and a subsidiary of Public Bank Berhad IJM Plantations Berhad – Niche oil [...]

In an earlier article on Free Cash Flow, I touched on some adjustments we need to make on a company’s profits to arrive at the Free Cash Flow figure. I’ve always found the standard Cash Flow Statement hard to read especially for big companies. They pack it with so much detail and it’s hardly presented from [...]

In my previous post on the Baltic Dry Index, I made a mention of Malaysian Bulk Carriers Berhad or MAYBULK. I first bought into this company in June 2006 when the share price was hovering at RM2.00 – 2.10 (pre-bonus basis). Adjusted for bonus issue, I believe it works out to be less than RM1.70 [...]

For those of you who follow MAYBULK (Malaysian Bulk Carriers Bhd), you will know that its earnings are highly dependant on something called the Baltic Dry Index. The Baltic Dry Index is a price index compiled by the Baltic Exchange in London. Each working day, the Baltic Exchange canvasses hundreds of brokers around the world [...]

For any investor on Bursa Malaysia now, this must be the million dollar question: Has the market bottomed out? I’ve just read a pretty good report by CIMB Research. Can’t say that I agree with everything they said but there are some good observations. The report looks at the six major bear markets that Malaysia experienced in [...]

Once more we are reaching the close of another year. While thinking of what to write and since it is Christmas season, it is good that I share on some biblical perspectives of money. In the Parable of the Shrewd Manager (found in Luke 16 of the Bible), Jesus says:   “No servant can serve [...]