2V1G @ nbt with Zyan & Roger Wang

It was a wonderful night at No Black Tie. It was an intimate night of heartfelt music generated by the talents of 2V1G and special guest Zyan. Zyan's and Roger's albums were available for sale as well. Their actual release is about in a week's time. So we get to buy them earlier at NBT.I have said enough about Zyan. Roger Wang is probably the best guitarist in Malaysia alongside Paul Ponnudurai. His Milestones album encapsulates his career so far. The double discs are worth its weight in gold. Brilliant and great value for posterity.If you guys were not there last night, try and beg for a seat tonight (last night) at NBT. I will be there again.I...

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Commentary On Hot Stocks

Its been a tough week for the markets. You know people are disturbed when I have readers emailing me to ask me to stop with the sea creatures mastheads, and switch back to louts flower as they made a lot of money when the lotus flower appears as masthead. Realistically, nothing much has changed an markets uptrend is intact but in a moving market it will always be susceptible to minor negative news as those will always be reason enough for people to take chips off the table. I do think its a good time to reload your guns, both for traders and fundamental longer term players as the markets whipsaw action brought quite a number of opportunities.Some...

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Carlyle Knows Where Malaysia Is

When we travel overseas, many times we get flustered when people don't even know where Malaysia is located. Usually we end up explaining its that mass of land between Thailand and Singapore. Well, fret no more, the giant private equity unit with possibly the world's most connected retired personalities, is making a bid for QSR.Ambank Research: Kulim (M) Bhd (BUY, KULIM Mk Equity), parent company of QSR Brands Bhd (QSR Mk Equity, Non-rated) which in turn has 51% control of KFC Holdings Bhd (KFC), announced that it has received a non-binding offer for the entire 100% stake in QSR from Carlyle Asia Investment Advisors Ltd, on behalf of the Carlyle...

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Dilbert@Malaysia by SDali, Part 8

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Jeffrey Cheah, Pusing-boy Masterstroke!!!

Malaysian Insider: Sunway is expected to have potential market capitalisation of over RM3.5 billion, revenue of over RM3.3 billion and assets of over RM8 billion said Cheah. This comes as UEM Land and Sunrise have proposed to merge and IJM Land and MRCB have signed an MOU to explore a merge. The Sunway founder said that the merger was due to right market conditions and the need for size rather than as a response to the latest industry developments.“I am not fearful of being taken over,” he said. “The size of the new company makes a difference rather than 2 separate entities. Size brings us opportunities. We will have access to larger markets...

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Sunway Holdings Press Release

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3.65 and 2.30

Update: The best laid plans can still be thwarted if we do not manage to grasp all the available info. I thought this would be completed within a couple of month but apparently they are projecting this to be mid-2011, which is a terribly long time as a lot of things could occur from now till then. The gap will narrow every time they go through board approval and as more concrete offers come in for how they will treat the IJM Land warrant. Have to hold I guess to get max value.Blogger Buyer said... Hi S.Dali, IJMLand will resume trading tomorrow, and since the rm3.65 is fixed, what is the expectation under this condition?? will it be only trading around 3.6 range? Pls advise Thanx in advance 5:19 PMbuyer,thats a loaded question which plenty of ppl will pay good money to know...

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IJM Land n MRCB Proposed Merger

Terms Of The Proposed Merger3.1.1 Scheme Of ArrangementThe Proposed Merger will be implemented through a scheme of arrangement underSection 176 of the Act. For the purpose of the scheme of arrangement, a newlyincorporated company will be formed (“Newco”) to facilitate the Proposed Merger.3.1.2 Exchange Of SecuritiesShares in IJM Land and MRCB will be exchanged for securities in Newco or acombination of securities in Newco and cash. The exchange will be determinedbased on RM3.65 per Share in IJM Land (“IJM Land Share”) and RM2.30 perShare in MRCB (“MRCB Share”).The exchange will also apply to IJM Land Shares to be issued from convertiblesecurities and MRCB Shares to be issued for the exercise of options granted or to begranted pursuant to MRCB’s Employee Share Option Scheme 2007.The Proposed...

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Sunway City Or Sunway Holdings? Its A Wabak!

Sigh, wrote the following last night ... was going to post, then found out both were suspended .... sigh...Following the rerating in UEM Land and Sunrise, we had the MRCB and IJM Land being suspended now pending a material disclosure. Is this rotational play? Rather not I think. Its a pivotal point for the entire market. There is a deep underlying need to rerate many of the property related counters. Its like a wabak, they are like an epidemic, its a tectonic shift one might say. You and your neighbours may be sitting a huge coal deposit for the longest time. Sunway City and Sunway Holdings have been active for the past few days. Are they headed...

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Zyan, Malaysia's First Chinese Bossa Princess n The Production Team

This is a video highlighting all the critical members of ZYan's upcoming Brasileiro ~ Bossanova Chinese album. Leslie Loh being the producer and owner of the amazing pop pop music label. There is Tay Cher Siang, the leader of the brilliant jazz unit WVC and the piano man behind JZ8. Then there is arguably the most talented arranger and saxaphonist in Salvador Guerzo, better known as Ador, and very much part of the Soliano family clan. Then there is Xiong, a great performer of Spanish music, an expert in bossanova and regular performer at No Black Tie. Lastly there is Stefano Chen, who is also a respected classical tenor in his own right, and will be a featured performer in one of YTL's upcoming major musical event. and... of course the lovely Zy...

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Further Thoughts On MRCB-IJM Land

Yes, the shares have seen increased activity, however all that is still speculation in the market place. To make better sense, one has to look at the volume and activity of related shares. There was enormous buying IJM Land warrant a few days ago. Yesterday saw the activity in the mother share picking up, even surpassing the warrant's volume, which is a good sign. If it was an unfounded speculation, there would not be corresponding volume increase in the mother share.The final key has to be the trading in IJM Corp as it holds more than 60% in IJM Land. If there is some merit to the whole thing, there has to be some firm activity there. Bearing...

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Does A MRCB-IJM Land Merger Makes Sense?

Apparently the word has switched from an IJM Land privatisation to a merger with MRCB. Something along the lines of a UEM Land-Sunrise deal it seems.MRCB1.37bn sharesP/BV 2.4xNet Gearing 62%Major shareholders: EPF 42%, Public Mutual 9.6%IJM Land1.1bn sharesP/BV 1.7xNet Gearing 21%Major shareholders: IJM Corp 62.5%, GIC 7.3%MRCBThe value in MRCB due to its expected involvement/major role in the redevelopment of the federal government’s land in Sg Buloh, and a possible strong uplift to the construction order book from the 10MP rollout. MRCB has been assisting the Employees’ Provident Fund (EPF) in drawing up the masterplan for the Sg Buloh land....

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Petronas Chemical IPO

Finance Asia: Petronas Chemicals Group has raised M$12.89 billion ($4.15 billion) from the largest ever initial public offering in Malaysia and Southeast Asia, exceeding Maxis Berhad’s $3.3 billion listing at this time last year.At the moment it ranks as the fifth largest deal both in Asia and globally so far this year, but if the 15% greenshoe is exercised in full, it will raise $4.77 billion and push ahead of Samsung Life’s $4.4 billion offering to become the fourth largest – after AIA, Agricultural Bank of China and Dai-ichi Life Insurance. The deal brings the total IPO volume in Southeast Asia this year to $14.5 billion, which is more than triple last year’s volume and well ahead of the previous full-year record of $8.1 billion from 2007. Remarkably, this year has now seen record-size...

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When Cartoons Make More Sense

Here is all you need to know about present day economics. The truth and logic are laid bare. We will laugh but beneath the laughter is the stupidity of it a...

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How To Spot A Good Trade Part 6

Back in September 2010, I posted something that came from a local broker which hinted on a possible privatisation of IJM Land. Looking at the way the warrants traded with volume, I would be leaning towards a corporate exercise for IJM Land. The counter suffers from low liquidity, and current shareholders all do not want to sell at current low levels. If you judge the way SP Setia and the rest of the high flying property counters, it would be silly not to take the vehicle private. No liquidity means you cannot really raise much funds with it as no institutions would be keen to take up shares. There are not many attractive property counters left....

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My Soon To Be Fav KL Restaurant

Max Chin has graduated from Tengkat Tong Shin to Pudu and now in Solaris Dutamas, its housed in Menara Kencana Petroleum ground floor actually. The pics were taken from cumidanciki.com, apologies folks.http://cumidanciki.com/There were some detractors in early days as there were some teething problems in the first few weeks. Now all that seems to have been ironed out. The concept here is Max will serve the freshest produce he can lay his hands on, so no a la carte menu. Well, at least you will get to choose between two main courses but that's about it.The food is good to brilliant, as usual, but my previous complaints at his other two restaurants...

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Up Or Down?

After weeks of positive sentiment across all equity markets, Friday saw a pullback. Let's be fair, you cannot be all running at the same time and see no pullback. But its interesting to see what the media and experts say were the reasons for the pullback.a) China was making news all week, and on Friday the Shanghai Composite rattled world markets with a sudden 5% drop on inflation fears and the threat of tightening by the government. Is this a surprise? Of course not. What is more important is sentiment is still good and the pullback is just a breather. When you run for sometime, you have to pullback even if there were no bad news. b) US municipal...

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Dilbert@Malaysia by SDali, Part 7

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Zyan, Malaysia's First Chinese Bossa Princess

Well, Leslie Loh has done it again, the thankless task of discovering great talents and shaping their music in audiophile recording. Constantly pushing the boundaries. She is Zyan and tackling Chinese classics in the soothing bossa style is something I welcome and is sorely lacking in the market. The album should be out by end of the month. Don't forget the 2V1G gig at NBT, and I think Zyan will be the surprise guest performer. See you there!!! we don't do it very often but once we do it, it is a special occasion.2v1g is back to NBT for only the 2nd time since its inception in 2008!besides playjng a vastly new repertoire, the presentation...

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