What's Down With JCY???

JCY is in a bear market on its own. What gives? 1) AnnouncementSubject :JCY INTERNATIONAL BERHAD ("JCY” OR “COMPANY")- Extension of Time to Obtain Completion and Compliance CertificationContents :We refer to the approval letter dated 26 January 2010 (“Approval Letter”) from the Securities Commission (“SC”) for the listing of JCY on the Main Market of Bursa Malaysia Securities Berhad. Condition 1.2 (ii) imposed by the SC in the Approval Letter states that with regards to the property located at Plot 296 (PTD 63734), Tebrau IV Industrial Area, Mukim Tebrau, 81100 Johor Bahru, Johor Darul Takzim (“Property”), JCY is to obtain the Completion and...

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Marketocracy Portfolio As At 27 August 2010

price history SMF m100 S&P 500 DJIA Nasdaq Graph Period: [7 Days] [30 Days] [90 Days] [6 Months] [1 Year] [2 Years] [3 Years][4 Years] [5 Years] [Since Inception] recent returns vs. major indexes Beating Today MTD QTD YTD SMF -0.23% -3.55% 4.16% -4.53% S&P 500 -0.77% -4.75% 1.92% -4.86% DOW -0.74% -4.59% 2.17% -4.24% Nasdaq -1.07% -6.03% 0.45% -6.63% recent returns ...

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Good Deals, Bad Deals, Win-Win Deals

The way a company handle acquisition and disposal of assets tells us a lot about management's savvy and the way they would handle corporate strategy. London Biscuits / Lay Hong / QLI like QL and London Biscuits, but following the deal, I would have to take London Biscuits off the list. I liked their expansion plans, but obviously London Biscuits had no inkling of how to leverage, improve, rebrand, strategise their acquisitions. I doubt there was any positive value add management input from London Biscuits. Since they acquired Lay Hong, which was a good deal relative to Lay Hong's NTA, nothing has changed, Lay Hong was still barely profitable...

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Tanah Pusaka by The Solianos

Readers of this blog will be aware of my strong support for Leslie from pop pop music label. His stable of artists have churned out excellent audiophile recordings by JZ8, 2V1G, Roger Wang and Gina Panizales. I have been a fan of The Solianos through the years, but mainly listening to their interpretations of jazz standards and the occasional Malay songs.Don't get me wrong, I love Gadis Idaman Ku, which was composed brilliantly by Alfonso Soliano. During a night session at No Black Tie, I heard them play Tudung Periuk, followed by Gadis Idaman Ku, and a few songs later Tanah Pusaka. It clicked in me that this is a great concept of an album. For...

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Country Market Cap As A Measure

It is popularly known that emerging markets as a percentage of total listed market cap in the world was a dismal figure. I don't have the exact number but I believe it was under 30% 10 years ago. That figure has been rising steadily as emerging markets got bigger, and more companies get listed in emerging markets. Just think, as emerging markets companies grow bigger, and thanks to the last couple of financial crisis, emerging markets have made more inroads into that equation. The other factor is the recycling of petrodollar and massive trade surpluses - much of that went into buying big banks and mining firms.It is foreseeable within the next...

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How To Spot A Good Trade Part 2

There is earnings recovery, and then there is distinctive earnings recovery. There are still a number of issues which troubles the stock but overall its a concerted recovery over the past 18 months. Time for a major rerating. Its not a business I particularly like or fancy, just a trade in rerating.A good indication of firmer footing, the company also declare a 2 sen dividend after paying nothing for sometime.I only manage to get a report by RHB Research. This was dated February 2010, and their estimates have been surpassed, plus they had a target price of RM1.80. I am sure they would be revising that a bit higher now.RHB Research: Outlook. We...

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Sell Side & Buy Side Research

I received the following article from Singapore on sell side and buy side analysts. At the end I have added a posting on the same topic.-------------------------------------- Fund managers value honest and independent analyst reports that offer a different viewpoint. But they feel that such reports are few and far between. Of course, underscoring that assessment is what they perceive to be a potential conflict of interest between sell-side research and stockbroking arms housed within a brokerage firm. One fund manager who declined to be named says that 'sell' calls are as important to him as 'buy' calls. But he feels that very often, some...

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