Photos do the talking

Photos do the talking

Home Ministry secretary-general Datuk Seri Alwi Ibrahim who represented Deputy Prime Minister and Home Minister Datuk Seri Dr Ahmad Zahid Hamidi, witnessed the exchange of agreement document between the Immigration Department and Prestariang

Home Ministry secretary-general Datuk Seri Alwi Ibrahim witnessed the signing of an agreement between the Immigration Department and Prestariang

Immigration director-general Datuk Seri Mustafa Ibrahim and Prestariang chief executive officer Dr Abu Hasan Ismail were the signatories

These bigwigs won't be there just for show photo session, will they?

The main CPU brain behind Prestariang

The National Immigration Control System (SKIN), which will modernise the services of the Immigration Department will be able to detect the entry of individuals blacklisted by the international authorities.

Home Ministry secretary general Datuk Seri Alwi Ibrahim said SKIN, which would be fully operational by January next year, will also improve the effectiveness of the immigration's delivery system.

"A competent and efficient system is needed in addressing the issue of security, especially arrangements to enter and exit out of the country and the introduction of SKIN helps to ensure that it can be undertaken in a more systematic and effective way."

"This system is also to support the government's efforts in the United States Visa Waiver Programme (US VWP) and Preventing and Combating Serious Crime (PCSC) agreement that was sealed yesterday between Malaysia and the US," he said.

On Thursday Malaysia and the US signed an agreement to enhance cooperation in the PCSC, one of two vital documents that is an important precondition for Malaysia's participation in US VWP.

Alwi said SKIN would be installed in all immigration offices, including offices that operated in all the country's entry points and attache offices abroad.

- Bernama

I hope these photos will settle down some of my ever unsatisfied investor-friends. That is the problem. But on the good side, I always get free golf games from them. Not that I need it but it is good sign they are on the right track on stock investment. Good for them, and well, good for me too... get to learn one or two golfing skills from them.

3.00pm NY Time Wednesday, 16 December 2015

The Federal Reserve is expected to raise interest rates on today Wednesday 3.00pm NY Time [Thursday 3.00am Malaysian Time], exactly seven years after the central bank cut them to almost zero in response to the deepest recession in the post-World War II era. As this unprecedented era of easy monetary policy closes, here's a walk through seven years at zero to highlight the obstacles that policy makers navigated to restore labour-market health and enable liftoff.

1. Rates Cut to Zero - December 16, 2008

Fed officials lowered the federal funds rate into a 0 to 0.25 percent range in December 2008 as the nation's economic state deteriorated and the collapse of Lehman Brothers sent shock-waves through global financial markets. The Fed "will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability," officials said in their post-meeting statement.

2. Unemployment Peaks - October 2009

By 2009, the Fed was staring down a different kind of crisis: one of joblessness. America hemorrhaged an average of 424,000 jobs a month that year, and by October unemployment had reached 10 percent, its highest level since 1983. The broader underemployment index was even higher at 17.1 percent. 

3. Easy the World Over - 2010

By 2010, reverberations from the financial crisis were being felt around the world and central bankers were striving to mitigate the fallout. The Bank of England cut rates to 50 basis points in March 2009, where they've remained ever since, having descended from 5.75 percent in late 2007. The European Central Bank slashed its deposit facility rate to 25 basis points (it would go on to raise that rate in 2011 only to cut it again later that year). The Bank of Japan cut interest rates for the first time in seven years in 2008, among other measures. Even bigger Japanese policy changes would come in 2013 in the form of an explicit 2 percent inflation target and open-ended monetary easing commitment.

Monetary policy easing abroad aids the U.S. by supporting global growth, but lower interest rates overseas can also encourage capital to flow into higher-yielding U.S. assets, pushing up the dollar and hurting U.S. exports by making them more expensive.

4. Debt Ceiling Debacle - July 2011

Several times during the Fed's expansionary era, fiscal policy — or fiscal inaction — has gotten in the way of the recovery.  Congressional lawmakers in July 2011 allowed the nation to tiptoe to the brink of default on debt that it had already incurred by failing to agree on a higher borrowing cap for the nation. Congress ultimately came to a deal. But the spectacle  shook confidence and Standard & Poor's downgraded the U.S. credit rating, dealing a blow to the stock market and probably hurting growth.  Cuts to government spending that followed added to the economic headwinds.

5. Taper Tantrum - Summer 2013

In May 2013, then-Chairman Ben Bernanke testified to Congress that the Fed could start slowing the pace of its bond purchases later in the year, conditional on continuing good economic news. Markets went haywire at the prospect of less stimulus, with the yield on 10-year Treasury note shooting up as investors fled to safety.

6. Dollar Ascends - Summer 2014

The greenback, which has strengthened by around 21 percent since mid-2014, has become a focal point for Fed officials as liftoff approaches. Weak growth and easy monetary policies abroad are pushing money into dollar-denominated debt, and when the U.S. lifts rates that could intensify pressure on the currency to appreciate. Even if that risk doesn't stop the Fed from raising rates, currency strength will likely cause policy makers to take their time in tightening. The dollar is one factor that "means that monetary policy for the U.S. is more likely to follow a gradual path," Chair Janet Yellen told a congressional committee on Dec. 3

7. Yuan Devaluation - August 2015

U.S. officials have had to contend with a series of international developments over the past seven years, including China's surprise yuan devaluation in August. The world's second-largest economy allowed its currency to fall as its growth slackened, roiling global markets and inflicting massive losses on domestic stock prices. The decision and its fallout was seen by many as the grounds for the Fed's decision to delay liftoff in September.

8. Slow Recovery

One more reason why the Fed has held rates near zero for seven years: growth just hasn't been very good. The U.S. suffered a deep contraction that wasn't matched by a robust rebound, and credit standards remained tight throughout — hindering the transmission of easy money to the real economy. The tepid pace of growth, while better than the outright recessions experienced in Europe and Japan during the last seven years, meant it took a lot longer to recover what the U.S. had lost in the crisis.

The above is one interest piece of analyst that reminds us why and where all these things started. We will know this morning 3.00am Malaysian Time whether the much waited news of interest rate hike will happen. And not to miss is the subsequent press conference by Janet Yellen at 3.30am.

Presbhd - some updates

RM1.403 billion market capitalization on the back of 484 million no. of shares issued. Yes. Presbhd is a billion-ringgit company. No small fly anymore.

Recalling my earlier post on 11.06.2014, here, the company's CEO had laid out his ambition to have his company's capitalization reaches RM1.5 billion in 2017. Can he achieves that? Let's wait and see, if you have the patience of course.

Some historical facts

On 30.04.2014, one and half year ago, the company declared 1 to 1 bonus issue and price changed from RM3.95 to RM1.99 upon ex-date. Since then, its price went roller coaster and at one point dipped to RM1.31 low for a brief period. Now, the price back to its full steam. Hitting new high RM2.96 on 09.12.2015. I dare to say very little people will ride on this stock for so long. If you have, you have make a lot of money.

Its price closed at RM2.90 on 15.12.2015

P/s: By the way, something very positive from DSonic after a long quiet period. More on that later.

Gadang - the giant coming Ep.1

Gadang

I must admit i failed in my expectation to achieve atleast 50% gain from this stock before this year is out. I deserved to be teased by my associates on this one. My response to them was I dropped my crystal ball on the floor and broke it and that's why my expectation did not materialised.

A successful businessman and most important, a happy father with two capable daughters supporting him

But I persevere. I throw a challenge to them that it will achieve my expectation and this time not 50% but 100% in two years' time before year 2017 is out ! I higher the stake and throw my hat onto the table. Any taker ?

The story started in Feb this year. Here.

Its price closed at RM2.10 on 09.12.2015

Presbhd - racing higher Part 9

Prestariang

After taken 8 months rest, it is indeed exciting to continue with this title again. Today the stock price was up 16 cents to break its all-time old high RM2.73 registered on 02.04.2015 to close at yet again another new record close RM2.85.

It is a good experience for those who have been patient and truly subscribe to the notion of long term investment. If you have been with me with this stock, I think by now you understand it is no so much of just earning the extra few cents each time the stock price hits new high but it is the discipline that you have developed to stay on course and not sway away unnecessary by the sentiments in the market place. If you are for earning for the extra few cents, you might survive this round but there is no guarantee you will survive the next storm. Investing in stock market is about long term survival when most people are knocked out halfway through. Presbhd is one example and it is a good example and making huge profit on top of it.

One may argue it takes a person with steel heart to do nothing but holding stocks when the entire market was affected by political turbulence not too long ago. Well, if it is not due to politic, it will be something else. As long as there is no serious catastrophe like 9/11, political turbulence is just part and parcel of stock market risk and you have to know how to manage it.

On the side note, year 2015 is coming to a close. I am looking out for a new stock opportunity for the new year 2016. I am confident this one will do well for next year 2016. Once everything is given go-ahead by my team (on technical aspects of course), I will share with my investing circle and later to this blog space.

Good luck.

Its price closed at RM2.85 on 07.12.2015

It has been awhile

Gadang

 

It has been awhile since my last posting. For those who follow my posting, Gadang was my first stock selection for this year in February. Here.

 

 

With the price closed at RM1.73 yesterday, a decent paper gain of 13% was achieved within 9 months. I must admit that if the timing of the purchase was made in August, the gain would have been very much better. Heck, if I could foresee that, I would be extremely wealthy as though I have a crystal ball with me. But no, certainly not crystal ball but patience and trust that are the keys for better stock investment management.

 

Its price closed at RM1.73 on 11.11.2015.

Hovid - ah Boy's story

It has been exactly one year since ah Boy holding this stock. He is really happy with his first stock investment. Rightly so. Most importantly, he started to learn the wisdom in stock investing particularly value investing. Had he been in and out from the market he would have got slaughtered during the Q4 mayhem last year. And I believe not only him, many inexperience stock players got slaughtered as well. His initial investment capital of only RM10,000 does not account much but the patience and wisdom that he learned goes a long way. With current price at RM0.53, he would have make a tidy 40% paper profit, in one year. How's that. Very much better than FD rate.

The Stories here and here.

Its price closed at RM0.535 on 27.04.2015.