Over Eager Reporting and Research

RHB Research found itself in a stinkhole with a stick and 10 feet of shit. Now trying to dig itself out over a silly, frivolous, dubious, unchecked commentary on the acquisition of Garuda Energy by Perisai for $70m. Apparently the same asset was sold to the same person in 2010 for just $5m. Its so easy to jump to the conclusion that this was not an arms length transaction. But again, any analyst or journalist worth his/her salt would have suspected that such a blatant mispricing would never been considered by even the most thieving of boards.Now RHB Research has scrambled out a new report saying that the previous one should be withdrwan and basically...

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Takeaways From Major Oil and Gas Seminar

For the majority of investors, we are usually not privy to some of the more important "investor meetings". There was a major event a few days ago which may explain a lot what is happening in the days and weeks ahead. (Taken from CIMB research summary).Spotlight on asset ownership & marginal fieldsAsset ownership and marginal field development were the main industry takeaways from our recent Malaysia Oil & Gas Day 1) Asset ownership: More companies are scouting for assets to achieve sustainable earnings growth. Among the six featured companies, Perisai (PPT MK, Outperform) is the most aggressive with its asset base expansion. 2) Marginal...

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Petra Perdana Looked Very Interesting

Sometimes when your fundamentals are not so rosy, you can still be attractive provided you are in the right sector. Petra Perdana (7108) is such a counter. The share desperately needs a strong and influential shareholder, and the pick up in volume and share price over the past week looked very persuasive.The bad parts: Petra Perdana reported a RM70.3m core net loss for FY10 (vs RM13.7m core net profit in FY09) due to lower vessels utilisation, decrease in charter rates, higher mobilisation cost and increase in lease rental due to 7 new deliveries of vessels in 2010, impairment losses on receivables and impairment loss on property, plant and equipment....

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Gimme A Ninja Joe Anytime

OK, this is not such a big secret but has a very cult following. Its Ninja Joe Pork Burgers. They tasted better than stuff you even get in Macau or HK, seriously. But let's get the good stuff out first then the bad stuff. .... Look at the picture above, how to go wrong: bacon, cheese and crisply fried pork chop!!!I think they are in Tropicana Mall, Mid Valley, Sunway ... why the burgers are so good: its fried to a nice crisp on the outside and still very juicy on the inside. Actually, just plain is best or black pepper, although they have a multitude of sauces.Its a Malaysian owned operation. Ninja Joe could easily be the next J & Co....

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Dilbert@Malaysia by SDali, A Compilation

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