Sold TENAGA @ RM6.50

Sold my Tenaga at RM6.50 within the same day and make some tiny gain for lunch money....market sentiment not good, CI expected to go < 1000.....

Bought Tenaga (5347) at RM6.40

Just got in Tenaga at RM6.40 this morning....selling pressure is still there, may pick more in RM5.00+ region....

What had HUAAN's IR Manager got to say ??

taddaaa.....

huaan.. dropping like flies... but their IR manager still very optimistic.... hmm.... i think should wait till volume subside before going in again....

trading at below 40c.... tat is unbelievable la...

totoNote: forwarded message attached.
Get your preferred Email name! Now you can @ymail.com and @rocketmail.com.
-----Inline Message Follows-----
Dear Y WK,

Good day.

Attached herewith is the coke and coal prices of Linyi Yehua Coking Co Ltd, a wholly-owned subsidiary of Sino Hua-An for your kind perusal. We have till July08 only. Aug08, our Chinese accountant is still compiling them. Usually by middle of
Sept we would receive the email from him. The moment i receive i will update you.

Fundamental we are intact, just that recently the steel industry in China has slowed down (usually June , July & August-summer season slower & also Beijing Olympic & on- going paralympic). Steel players are facing increasing raw material prices (especially iron ore), bcos they need to import about 50% from Brazil & Australia. Growth drivers are still there, 西部大开发(western part of China development), Sichuan reconstruction, Beijing-Shanghai hi-speed rail, Shanghai Expo 2010, shipbuilding, automobile & construction... Hope the steel players in China could negotiatiate better iron ore price after the govenment recently increased coke export duty from 25% to 40% ( China export more than 50% of global coke supply).

Red chips in Singapore are also badly hurt / poor performance. In fact ,most of them are not performing (in tandem with Shanghai index drop from 6000 + to 2400 points). Many are trading PE below 5. Feedback from a few fund managers, their appetite are on blue chip with high liquidity and they are not considering 2nd liners or 3rd liners for the time being even though their PE are highy attractive.

Thank you very much.

Best regards,
Bernard Tan
----- Original Message -----
From: y wk
To: Bernard Tan
Sent: Tuesday, September 09, 2008 1:36 PM
Subject: Re: Sino Hua-An International Berhad: Aseambankers & Kenanga Research report dated 25 August 2008 (2Q08)
Dear Mr Bernard,

Any updates on the company's coke selling prices & coal purchase prices lately?

Thank you

Regards

Bought more Genting at RM5.25

Bought more Genting at RM5.25. Applying downward averaging.......

5 ThingsYou Need to Know to Ride Out a Volatile Stock Market

1 Watching from the Sidelines May Cost You
When markets become volatile, a lot of people try to guess when stocks will bottom out.
In the meantime, they often park their investments in cash. But just as many investors are slow to recognize a retreating stock market, many also fail to see an upward trend in the market until after they have missed opportunities for gains. Missing out on these opportunities can take a big bite out of your returns. Consider that in the 12 months following the end of a bear market, a fully invested stock portfolio had an average total return of 36.8%. However, if an investor missed the first six months of the recovery by holding cash, their return would have been only 7.6%.
The table below is a hypothetical illustration showing the risk of trying to time the market.
By missing just a few of the stock market’s best single-day advances, you could put a real crimp in your potential returns.
"The market seems to be up one day and down the next. I’d rather wait before investing.”

Jumping In and Out of the Market May Cost You 10 Years Ended December 31, 2007. Period of Investment Average Annual Total Return of S&P 500 Index2

Stayed Fully Invested 5.91%
Missed the 10 Best Days 1.13%
Missed the 20 Best Days -2.55%
Missed the 30 Best Days -5.72%
Missed the 40 Best Days -8.40%

2 Dollar-Cost Averaging Makes It Easier to Cope with Volatility
Most people are quick to agree that volatile markets present buying opportunities for investors with a long-term horizon. But mustering the discipline to make purchases during a volatile market can be difficult.
You can’t help wondering, “Is this really the right time to buy?”
Dollar-cost averaging can help reduce anxiety about the investment process. Simply put, dollar-cost averaging is committing a fixed amount of money at regular intervals to an investment. You buy more shares when prices are low and fewer shares when prices are high, and over time,
your average cost per share may be less than the average price per share.
Dollar-cost averaging involves a continuous, disciplined investment in fund shares, regardless of fluctuating price levels. Investors should consider their financial ability to continue purchases through periods of low price levels or changing economic conditions. Such a plan does not
assure a profit and does not protect against loss in a declining market.

Dollar-Cost Averaging at Work
Monthly Investment Shares Purchased
Month Amount Share Price Each Month
January $500 $9.00 55.6
February $500 $10.00 50.0
March $500 $8.00 62.5
April $500 $11.75 42.6
May $500 $12.25 40.8
June $500 $9.00 55.6
Total $3,000 $60.00 307.1
AVERAGE SHARE PRICE: $10.00 ($60.00/6 purchases)
AVERAGE SHARE COST: $9.77 ($3,000/307.1)
The average cost of your shares would be $0.23 less than the average price of your shares over that period.

3 Now May Be a Great Time for a Portfolio Checkup
Is your portfolio as diversified as you think it is? Meet with your financial advisor to find out. Your portfolio’s weightings in different asset classes may shift over time as one investment performs better or worse than another.
Together with your advisor, you can re-examine your portfolio to see if you are properly diversified. You can also determine whether your current portfolio mix is still a suitable matchwith your goals and risk tolerance.

4 Tune Out the Noise and Gain a Longer-Term Perspective
Numerous television stations and websites are dedicated to reporting investment news 24 hours a day, seven days a week. What’s more, there are almost too many financial publications and websites to count. While the media provide a valuable service, they typically offer a very short-term outlook. To put your own investment plan in a longer-term perspective and bolster your confidence, you may want to look at how different types of portfolios have performed over time. As you can see below, while stocks may be more volatile, they’ve still outperformed income-oriented investments (such as bonds) over longer time periods.

Hypothetical Performance of Asset Allocation Portfolios (12/31/87–12/31/07)

100% Stocks $75,110 10.61% 38.36% -19.41%
80% Stocks 20% Bonds $69,752 10.20% 31.51% -13.48%
60% Stocks 40% Bonds $63,562 9.69% 24.66% -7.54%
40% Stocks 40% Bonds 20% Cash $54,945 8.50% 19.51% -3.31%
20% Stocks 60% Bonds 20% Cash $44,949 7.80% 17.44% -0.48%
The hypothetical asset allocation portfolios shown above are for illustrative purposes only. They do not represent the past or future portfolio composition or performance of any Franklin Templeton fund and are not intended as investment advice. We suggest working with a financial advisor to see which allocation opportunities may be right for you.

5 Believe Your Beliefs and Doubt Your Doubts
There are no real secrets to managing volatility. Most investors already know that the best way to navigate a choppy market is to have a good long-term plan and a well-diversified portfolio. But sticking to these fundamental beliefs is sometimes easier said than done. When put to the test, you sometimes begin doubting your beliefs and believing your doubts, which can lead to short-term moves that divert you from your long-term goals. To keep from falling into this trap, call your financial advisor before making any changes to your portfolio.

Cancer Update from Johns Hopkins

1. Every person has cancer cells in the body. These cancer cells do not show up in the standard tests until they have multiplied to a few billion. When doctors tell cancer patients that there are no more cancer cells in their bodies after treatment, it just means the tests are unable to detect the cancer cells because they have not reached the detectable size.

2. Cancer cells occur between 6 to more than 10 times in a person's lifetime.

3. When the person's immune system is strong the cancer cells will be destroyed and prevented from multiplying and forming tumours.

4. When a person has cancer it indicates the person has multiple nutritional deficiencies. These could be due to genetic, environmental, food and lifestyle factors.

5. To overcome the multiple nutritional deficiencies, changing diet and including supplements will strengthen the immune system.

6. Chemotherapy involves poisoning the rapidly-growing cancer cells and also destroys rapidly-growing healthy cells in the bone marrow, gastro-intestinal tract etc, and can cause organ damage, like liver, kidneys, heart, lungs etc.

7. Radiation while destroying cancer cells also burns, scars and damages healthy cells, tissues and organs.

8. Initial treatment with chemotherapy and radiation will often reduce tumor size. However prolonged use of chemotherapy and radiation do not result in more tumor destruction.

9. When the body has too much toxic burden from chemotherapy and radiation the immune system is either compromised or destroyed, hence the person can succumb to various kinds of infections and complications.

10. Chemotherapy and radiation can cause cancer cells to mutate and become resistant and difficult to destroy. Surgery can also cause cancer cells to spread to other sites.

11. An effective way to battle cancer is to starve the cancer cells by not feeding it with the foods it needs to multiply.

WHAT CANCER CELLS FEED ON:

a. Sugar is a cancer-feeder. By cutting off sugar it cuts off one important food supply to the cancer cells. Sugar substitutes like NutraSweet, Equal,Spoonful, etc are made with Aspartame and it is harmful. A better natural substitute would be Manuka honey or molasses but only in very sma ll amounts. Table salt has a chemical added to make it w h i te in colour. Better alternative is Bragg's aminos or sea salt.

b. Milk causes the body to produce mucus, especially in the gastro-intestinal tract. Cancer feeds on mucus. By cutting off milk and substituting with unsweetened soy milk, cancer cells are being starved.

c. Cancer cells thrive in an acid environment. A meat-based diet is acidic and it is best to eat fish, and a little chicken rather than beef or pork. Meat also contains livestock antibiotics, growth hormones and parasites, which are all harmful, especially to people with cancer.

d. A diet made of 80% fresh vegetables and juice, whole grains, seeds, nuts and a little fruits help put the body into an alkaline environment. About 20% can be from cooked food including beans. Fresh vegetable juices provide live enzymes that are easily absorbed and reach down to cellular levels within 15 minutes t o no urish and enhance growth of healthy cells. To obtain live enzymes for building healthy cells try and drink fresh vegetable juice (most vegetables including bean sprouts) and eat some raw vegetables 2 or 3 times a day. Enzymes are destroyed at temperatures of 104 degrees F (40 degrees C).

e. Avoid coffee, tea, and chocolate, which have high caffeine. Green tea is a better alternative and has cancer-fighting properties. Water-best to drink purified water, or filtered, to avoid known toxins and heavy metals in tap water. Distilled water is acidic, avoid it.

12. Meat protein is difficult to digest and requires a lot of digestive enzymes. Undigested meat remaining in the intestines become putrified and leads to more toxic buildup.

13. Cancer cell walls have a tough protein covering. By refraining from or eating less meat it frees more e nzymes to attack the protein walls of cancer cells and allows the body's killer ce lls to destroy the cancer cells.

14. Some supplements build up the immune system (IP6, Flor-ssence, Essiac, anti-oxidants, vitamins, minerals, EFAs etc.) to enable the body's own killer cells to destroy cancer cells. Other supplements like vitamin E are known to cause apoptosis, or programmed cell death, the body's normal method of disposing of damaged, unwanted, or unneeded cells.

15. Cancer is a disease of the mind, body, and spirit. A proactive and positive spirit will help the cancer warrior be a survivor. Anger, unforgiveness and bitterness put the body into a stressful and acidic environment. Learn to have a loving and forgiving spirit. Learn to relax and enjoy life.

16. Cancer cells cannot thrive in an oxygenated environment. Exercising daily, and deep breathing help to get more oxygen down to the cellular level. Oxygen therapy is another means employed to destroy cancer cells.

Received 9sen dividend from BJTOTO

Just received 4th interim dividend of 9sen from BJTOTO. BJTOTO is really a cash cow company never failed to give dividend every quarter so far. Hope to buy in more if price dip to around RM4.00, will that happen? we will wait and see. See you........

Bought more HUAAN at 0.545

Have been waiting patiently for it to dip, finally got settle another batch at 0.545. At this moment of time Huaan still look attractive, will buy in more if dip below 0.45 region. This definitely not a holland trip but it neither representing a buy call from me, act at your own risk.

Hong Leong Bank FY pre-tax profit crosses RM1b

KUALA LUMPUR: Hong Leong Bank Bhd recorded a historic pre-tax profit of RM1.01bil for its financial year ended June 30, 2008, up 18% from the RM857mil a year ago.
The bank announced on Monday that after-tax profit rose by 20% year-on-year to RM742mil from RM620.8mil a year ago. Earnings per share (EPS) were 51.19 sen versus 42.4 sen a year ago.
“Total net income crossed the RM2bil mark, ending at RM2,018mil, up 14% year-on-year. This was driven by an 18% growth in net interest income, 11% growth in net income from Islamic banking and 5% growth in other operating income (non-interest income),” it said.
Returns on average shareholder funds increased to 15.3% on an annualised basis, up by 1.5% from 13.8% in FYE June 2007. Return on assets improved by 6 basis points against the same period last year to 1.0%.
For the fourth quarter, net profit was RM133.98mil versus RM172.41mil a year ago. Revenue rose to RM486.37mil versus RM459.74mil. EPS was 9.24 sen versus 11.83 sen. It proposed a 15 sen dividend per share.
On the FY financial performance, Hong Leong Bank said shareholder value creation strengthened in tandem, with returns on shareholder funds (ROSF) advancing 150 basis points to 15.3%, compared to 13.8% reported for the whole 12 months last fiscal year.
Its group managing director/chief executive Yvonne Chia said in the last four years since the group laid out its Business Transformation agenda, pre-tax profits had grown almost two-folds from RM 529mil in FY04 to over a RM1bil.
“Returns on shareholder funds are up 610 basis points from 9.2% in FY04 to 15.3%. This financial result is evidence that the efforts to step up and scale up our organic franchise in liberalising banking sector are paying off. “Our Business Transformation agenda is flexible and adaptive, but the core themes of high performance and sustainable, profitable growth remain consistent. We are on track to achieve our twin goals of a strong domestic core franchise and regional embedment,” she said.

Bought Addtional MAYBULK

Today, bought additional MAYBULK at RM3.50. The reason is simple, i'm increasing my dividend portfolio for longterm holding by increasing Maybulk shares even though i already own some of this shares many years back but no harm buying more as i expect it going to declare 10sen dividend for this qtr. First half net profit RM314million increase by 15%. At current price, PE should stood around 6sen. Quite a fair valuation and an average of 10% Dividend yielding. Of course this does not represent a buy recommendation from me, act at your own risk.

Sino Hua An (BUY)

Effective yesterday, Chinese government has raised the export tax for metallurgical coke from 25% to 40%. No impact on SHA as all of its production is sold domestically.
Share price is at historical low (-27% YTD) vs coke prices which rose 100%YTD to RMB3100/tonne. Accumulate ahead of Q308 results release (22nd Aug) on step-up earnings from new capacity.

IOICORP

Some morning news from broker house :-

IOI’s share price has fallen -30% since our SELL call on Apr08. We now raise IOI to a
HOLD (PT, RM4.80), given our expectation of a short-term technical rebound on CPO
prices, and IOI’s close predictive share price relationship to CPO. We see a short-term
arbitrage opportunity in CPO because CPO has grossly under-performed crude oil (-40%
from peak, vs. crude oil’s 20%), on very marginal changes in fundamental CPO data
points.
However, longer-term, we do not advocate a buy-and-hold strategy on plantations due to
structural issues facing crude oil (global economic slowdown; marginal supply cost of
USD60/bbl vs. USD110/bbl current price).

YTL Power International Berhad

Accounting for 100% of net profit (NP) forecasts
YTL Power (YTLP) NP of RM1,038mn was 12% lower than FY07’s NP. Stripping
off one-off tax credit of RM133mn in FY07, YTLP FY08 NP would have registered
zero growth, in line with our and consensus forecasts accounting for 100% of
forecasts. YTLP declared a final DPS of 3.75sen (tax exempt), within forecasts.
We are keeping a Buy on YTLP for its achievable dividend yield of 10.6% (net).

Overseas ventures soften domestic weaknesses
For FY08, wholly owned subsidiary Wessex Water (2% growth muted by stronger
RM vs £) and 35%-associate PT Jawa Power (13% growth supported by higher
bonus) cushioned YTLP’s domestic core operations weaknesses (down 8%).
YTLP 4Q NP of RM280mn, though improved 1%QoQ, was 5%YoY weaker due to
lower contribution from Wessex Water and domestic IPP (20-24% lower).

FY09 NP should be flat
We expect flat FY09 NP of RM1,027mn. The potential improvements from
overseas ventures would likely be stripped off by the 30% windfall tax announced
by the government (June 2008). IPPs have commenced their first monthly
payment mid-August 2008. We forecast windfall levy of RM90mn for FY09.
Malaysia IPP now accounts for less than 20% of YTLP’s earnings.

On the prowl for new concessions
Despite the regulatory setback in Malaysia, YTLP is still actively bidding for
projects overseas, most recent – Senoko Power, Singapore (estimated price tag
of US$3bn). With YTLP’s current cash balance of RM9.4bn, it has sufficient
ammo for future acquisitions. Our RNAV based PO of RM2.07 offers 22% upside
potential. YTLP is trading at PE09E of 11.5x, a discount to its historical average of
15.2x.

Received Final Dividend of 4.55% T.E From HUAAN

Received 4.55% TE from Huaan. Expecting 2nd qtr result by end of this month. Hopefully profit can reach RM40 million and above else everything to stay stagnant. Can't hope for much at this juncture as the market is too slump for that. I do hope that Huaan, when they increase their production will bring brighter result to the company, this will likely to be happened much later in next year. Am crossing my figure hope the entire work according to my expectation.....be patient folk......

Received 30% Dividend From PBBANK

Just received 30% dividend declared by PBBANK. It has been very generous and consistent that PBBANK giving out dividend in recent years. PBBANK earning has been improving year after year, hope that this can be sustainable in the coming year where a slow down of economic is expected but no matter how solid a share is, when the market turn into bearish mode some how thing will get stagnant as well.
At this stage, is best to keep on collecting dividends :) Many of my stocks are fall due into paying dividend at the moment such as Bjtoto, Panamy, MNRB & Zhulian. I am happily waiting for that patiently. Till then happy trading.

A meeting with the heir apparent for the first time

Yeow Seng is the younger of the two sons. He is involved in both the plantations and property businesses, while his brother takes care solely of the properties.
He will become more involved with investor relations now that Yeo How has departed.

He completed a law degree in the UK, worked at a bank in Singapore for one year and has been working at IOI for 5 years, under the watch of both his father and Yeo How.

My view of him: he is thoughtful, humble and knows the businesses well.

Some of his views:

IOI remains relatively bullish on prices - forecasting prices of RM3,300/t for this year and 2,800-2,900 in 2009.

Previously it was selling forward aggressively, often six months forward; now, it is holding back expecting prices to rebound somewhat from here.

It has largely sold forward at RM3,000/t average to November this year.

On supply/demand, thinks supply from Indonesia is a concern, but demand should hold up due to China/India consumption.

Thinks Malaysian supply will deteriorate next year after a great 2008. Due to cycle of trees and their yields.

Believes biofuels to stay in US and Europe; won't be any change in policies.

Fertiliser costs are up 30% YoY and account for 40% of overall costs. Mostly bought from Russia and China in US$.

On the property side, he expects margins to decrease by 10% going forwards.

Surprisingly, he is seeing a pickup in Johor property sales (they have a township next to the airport).

In Singapore, they are ready to launch their first development in Sentosa, but waiting for the market to get better.

Consists of 150 high end condos. Paid S$460m for land, equivalent of S$1,360/sqf. Construction costs were S$460/sqf. Hoping to get S$2800/sqf for the 3,700 sqf units.

2nd parcel of Sentosa land cost S$1,800/sqf, which he estimates is around the current price.

Foreign shareholding in IOI is now 25-30%.

Best regards,

James Gruber

CLSA Malaysia

Malaysia strategy

Maximum political pessimism

Event
Anwar Ibrahim was charged with sodomy today. He pleaded innocent and was released on RM20,000 (US$6,000) bail and a personal bond. Anwar will be contesting the by-election in Permatang Pauh on 26 August.
Anwar said an enormous injustice is about to be perpetrated. The Prime Minister said he asked the police to go on evidence alone but added: “Another person looking for justice is the victim. You forget Saiful. You think Anwar is more important.”

Impact
We are at the point of maximum political pessimism: The perception will be one of a political crisis, especially if there are demonstrations or rallies. If so, however, we think this is more perception than reality. As we pointed out above, freedom of the press has improved and continues to improve, as has freedom of speech, and so on.
Most investors caring less and less about politics: In our recent meetings with investors, no more than a quarter of our time was spent on politics. Only about half of them were in favour of Anwar becoming the PM, and among the other half, a number of them remember Anwar pre-1998, when he was Deputy Prime Minister and Finance Minister. We are reminded of what American comedian Will Rogers said once: "The more you read and observe about this politics thing, you’ve got to admit that each party is worse than the other. The one that's out always looks the best.”
Our view remains that we do not think it matters very much who is in power but political stability is the important thing. Important items on an investor’s checklist are:
§ Freedom of press, including alternative medias.
§ Freedom of speech, including that of the opposition leader.
§ Independence of the judiciary, including recent changes.
§ Rule of law, without use of excessive force (Anwar's party, the PKR, had to apologise to a press photographer who was allegedly assaulted by a group of PKR supporters when she was covering a speech by Anwar, and the PKR Youth vice-chief has had to guarantee the safety of the media).

Outlook
Whichever way Anwar’s situation unfolds, we believe that any MPs thinking of crossing over would think twice, given the recent events. As a result, it looks highly unlikely that Anwar will be able to become Prime Minister by 16 September as he had claimed he would be. Furthermore, with Muhiyiddin Yassin withdrawing from the UMNO presidential race, it looks as if the PM is secure in UMNO; he now needs to wage battle on one rather than two fronts.

The people may also be pleasantly surprised on 29 August, Budget Day, to find their economic situation improved and therefore may be less discontent. If that is the case, the political situation will likely improve from here.

Sold YUNKONG-WA at RM0.25

Yunkong registered a 1st Half net profit of 15mil, that is an increased of 196%. Obviously this increased is indeed a positive result where it increase it EPS from a 8.02sen same quarter last year to a 11.88sen. If Yunkong retains it profit for the remaining quarters, it will bring a total of EPS to 26sen that will even enhance the PE to less than 2. Definitely a low PE base on current valuation of steel sector.

I subscribed to the right issue of Yunkong and the right issue offers a free warrant of every 2 shares to 1. As i wrote in my earlier article about Yunkong in which i recommended to take up the offer, if one opted to it then today he/she is really bearing the fruit at current trading price. I decided to unload the free warrant this morning at a price of RM0.25. Steel price is still at high level, i believed Yunkong will be benefited and able to further improve its result till year end. At current price, it is still relatively cheap where my target price is around RM0.80. However, above don't recommend a buy from me, act at your own risk. Till then happy trading......

JULY MARKET COMMENTARY

29th July 2008
“The Oil Factor”

The price of crude oil seems to be now ‘the factor’ affecting global market sentiments and a downward trend in oil prices may be the answer to a trend reversal in the current market sentiments. This month’s commentary focuses some questions on the oil factor.

Oil prices have risen to record levels in recent weeks, with traders in London and New York paying more than $147 a barrel for crude oil at its peak on 11 July. How much has oil fallen and has this been translated to cheaper pump price for the consumers?
Since July 11th, prices have fallen, dipping more than 20% to a low of $121.34 for a barrel on 29 July. Crude oil prices affect the wholesale cost of the petrol and diesel paid for by the major retailers. The good news is a number of those firms have passed on the lower prices to motorists at their forecourts, including our neighboring country, Singapore. The wholesale price of fuel also fell substantially last week. The price of refined diesel, for example, has fallen by 8.3% since it reached an all-time high on 11 July of $1,241 per metric ton.


Why did oil prices fall?
The perception in mid July that the slowing US economy could trigger a worldwide economic slowdown had clear implications on the expected demand for oil. Countries such as India and China depend on the US, Europe and Japan as major markets for their manufactured goods and services. If demand for their goods declines, as is expected, so too will their thirst for the oil and fuel needed to produce the products. Another factor helping to cut oil prices was on the supply side, where there were indications that tensions were easing between oil-producer Iran and the US over its nuclear program. This reduced fears that the supply of crude oil from Iran could be interrupted. Traders also pointed to news that a Chevron oil pipeline in Nigeria had reopened following an attack on it in June.


Are these the only factors that determine oil prices?
No. The price of oil on the international markets is determined by a combination of forces. There are the so-called fundamental factors of supply and demand which are expected to keep prices high in the longer term. On the demand side there is the rising need for oil from the ever-expanding economies of India and China, which need more fuel oil to run their factories and more petrol for a growing number of motor vehicles. On the supply side, there are concerns that it is taking longer than before to develop new oil fields, an average of at least 10 years, so it is difficult to increase output quickly to meet increasing demand.
This is exacerbated by critical shortages of skilled oil engineers, and the limited investments made by many state-owned oil companies who control the vast majority of the world's oil production. In the even longer term, there are worries that we may be reaching the limits of the world's finite oil resources and that production could begin to fall in the decades to come.


Can these explain the sudden changes in oil prices?
Not really, and crude oil is something of a special case. Oil is traded on futures markets, making it more vulnerable to the kind of speculation that can move prices by as much as $5 a barrel in a single day. According to Dr Manouchehr Takin of the Centre for Global Energy Studies this volatility is caused by oil traders. He says that oil traders are making decisions to buy or sell oil on a minute-by-minute basis, and are much more influenced by rumors and stories than their counterparts trading shares on stock markets. "Perception is the key word here because the fundamentals of the oil market don't change every minute". It is the perception of changes in either the demand or supply of oil that drives and fans market rumors.


Is the sudden drop in prices going to keep going?
Well, it’s hard to tell though measures have been put in place for curbing of oil trades. As the US Dollar continues to strengthen, demand begins to soften, and market manipulation is under a more watchful eye of the regulators, crude oil prices can be on the way down to as much as $70 to $80 per barrel by year end. Except for any other uncontrollable disruptions e.g. tropical storms or geopolitical risks, crude oil prices seem to be heading southwards which is translated to higher consumer confidence and better margins for many sectors of the economy worldwide. Certainly, inflation which is a huge concern at this moment for many Asian economies will ease as crude oil prices fall to sub $100/barrel levels. This will translate into more corporate margins, more money in our pockets and certainly a reversal in market sentiments globally.
.

Received 4.5sen Dividend From Genting

Received dividend from Genting - 4.5sen. At this juncture, the best way dealing in bearish market is to concentrate bluechip counters that give consistent dividend. Dividend yielding of more than 7% onward is no doubt a good choice in your selection criteria. This dividend yield will provide a better yield comparing to FD rate at the same time cushion your stock price, it is the best defensive stock that one can consider holding them and lock them in long run like FD. Bluechip that given consistent dividend is a safer bet as these type of counters have solid background which is worth putting your investment money without fear......