Sunday, 24 February 2013

Made in Malaysia - Must Read

Good evening to all my avid readers. As the seasonal topics is more about election, hence we might want to know some Made in Malaysia products which is quite interesting to know about.

Credit to the one who had compiled this nice and interesting Made In Malaysia stuffs.

Let's have some good read starting with the biggest amount that is up to RM 12billion - PKFZ.
Enjoy reading.

1. PKFZ RM12 billion
2. The commission paid for purchase of jets and submarines to two private companies - Perimeker Sdn Bhd and IMT Defence Sdn Bhd amounted to RM910 million.
3. Sime Darby RM964 million
4. Paya Indah Westland RM88 million
5. Pos Malaysia (transmile) RM230 million lost
6. Eurocopter deal RM1 billion wasted?
7. Terengganu Stadium Collapsed RM292 million
8. MRR2 repair cost RM70 million
9. Maybank Overpaid BII RM4 billion
10. Tourism - NYY kickback RM10 million
11. Two bailouts of Malaysia Airline System RM7.9 billion. At a time when MAS incurring losses every year, RM1.55 million used to buy three paintings to decorate its Chairman's (Munir) office.
12. Overpayment by Sport Ministry RM 8.4 million
13. London's white elephant sports complex RM 70 million
14. MATRADE repairs RM 120 million
15. Cost of new plane used by PM RM 200 million
16. InventQ irrecoverable debt RM 228 million
17. Compensation for killing crooked bridge RM 257 million
18. Loss in selling Augusta RM 510 million
19. The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM 348 million)
20. Worth of APs given out in a year RM 1.8 Billion
21. Submarines (future Muzium Negara artifacts) RM 4.1 Billion
22. PSC Naval dockyard RM 6.75 Billion
23. The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion losses (RM3.2 billion in 2008 ringgit)
24. The Maminco attempt to corner the World Tin Market in the 1980s is believed to have cost some US$500 million (RM1.6 billion)
25. Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s
26. Perwaja Steel resulted in losses of US$800 million (RM2.56 billion)
27. Use of RM10 billion public funds in the Valuecap Sdn Bhd operation to shore up the stock market
28. Banking scandal of RM700 million losses in Bank Islam
29. Wang Ehsan from oil royalty on Terengganu RM7.4 billion from 2004 – 2007
30. For the past 10 years since Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million. Hiring a Kwai-Lo CEO with a Salary of more than RM1M per annum!
31. In Advisors Fees, Mahathir was paid RM180,000, Shahrizat Abdul Jalil (women and social development affairs) RM404,726 and Abdul Hamid Othman (religious) RM549,675 per annum
32. The government has spent a total of RM3.2 billion in teaching Maths and Science in English over the past five years. Out of the amount, the government paid a whopping RM2.21 billion for the purchase of information and computer technology (ICT) equipment which it is unable to give a breakdown. Government paid more than RM6k per notebook vs per market price of less than RM3k through some new consortiums that was setup just to transact the notebook deal.
33. RM300 million to compensate Gerbang Perdana for the RM1.1 billion "Crooked Scenic Half-Bridge"
34. RM1.3 billion has been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore Scenic Bridge
35. RM100 million on renovation of Parliament building which leaks
36. National Astronaut Programme – RM 40 million
37. National Service Training Programme – yearly an estimate of RM 500 million
38. Eye of Malaysia - RM 30 million and another RM5.7 million of free tickets
39. RM 2.4 million on indelible ink
40. Samy Vellu announced in September 2006 that the government paid compensation amounting to RM 38.5 billion to 20 highway companies. RM380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone.
41. RM32 million timber export kickbacks involving companies connected to Sarawak Chief Minister and his family.
42. Putra transport system bailout which cost RM4.486 billion.
43. STAR-LRT bailout costing RM3.256 billion.
44. National Sewerage System bailout costing RM192.54 million.
45. Seremban-Port Dickson Highway bailout costing RM142 million
46. Kuching Prison bailout costing RM135 million
47. Kajian Makanan dan Gunaan Orang Islam bailout costing RM8.3 million
48. Le Tour de Langkawi bailout costing RM 3.5 Million
49. Wholesale distribution of tens of millions of shares in Bursa Malaysia under guise of NEP to cronies, children and relatives of BN leaders and Ministers worth billions of ringgits.
50. Alienation of tens of thousands of hectares of commercial lands and forestry concessions to children and relatives of BN leaders and Ministers worth tens of billions of ringgits.
51. Since 1997, Petronas has handed out a staggering 30 billion ringgit in natural gas subsidies to IPPs who were making huge profits. In addition, there were much wastages and forward trading of Petronas oil in the 1990s based on the low price of oil then. The accounts of Petronas are for the eyes of Prime Minister only.
52. RM5700 for a car jack worth RM50
53. Government-owned vehicle consumed a tank of petrol worth RM113 within a few minutes
54 A pole platform that cost RM990 was bought for RM30,000
55. A thumb drive that cost RM90 was bought for RM480
56. A cabinet that cost RM1,500 was bought for RM13,500
57. A flashlight that cost RM35 was bought for RM143
58. Expenses for 1 Malaysia campaign paid to APCO ?
59. RM17 billion subsidy to IPP
60. USD24 million Diamond Ring for Rosmah - Cancellation of Order - how much compensation?
61. CowGate . . . RM250 Million
62. Monsoon Cup . . . RM800 Million per year
63. Illicit Fund Transfers out of Malaysia (2000 - 2009): RM 1,077,000,000,000!
64. Tajudin-Danaharta settlement to cover up for Dr M and Daim

After 64 major listing, you Malaysian will know what you should do in the upcoming major event. Malaysia is in your hand.

Cheers and Regards,

Thursday, 21 February 2013

PWRoot - Power of the Root

Power Root has posted RM8.493 million for the Q3 2012 which is almost 85% more than what the company gain in the corresponding quarter in 2011 yet the share price seems not really react on this since the day the announcement has made. However, things had been picking up then and I would believe there are more to come for Power Root in the coming days.

There is a constant share buy back from it's major shareholder before and after they posted the profit. From my perspective, there is a high chance that the group might be going to declare a good dividend as they had been doing very good for the year and i believe they will be going to do even better in the coming quarter with the launch of it's new product - Ah Huat White Coffee.

With its new product featuring Ah Huat White Coffee, I think this product will probably gain a wider acceptance attributed by the successful advertisement and i can hear Ah Huat's theme song almost from people around me every day during Chinese New Year.

While your mind is still Huat huat huat during the CNY season, let's have a look on the chart,

Market had been volatile for the past 3 months swinging for around 100 points up and down, but pwroot still able to standing strong and maintaining the upward trend. Today, pwroot is trying to break it's all time high at RM1.28. Though the volume had been low, but I would surely believe that once the volume come back, it will definitely be challenging a good resistance which is probably at RM 1.30. With the upcoming 4th quarter result which is on the line soon, and the rounding up of the financial year 2012, probably there is a huge chance for a big dividend that is looming around the corner.

Once the resistance is break, i will be expecting to see Pwroot hit RM 1.40.

Wishing you a great n prosperous year. Huat Ah !
Bone's Apprentice

Sunday, 10 February 2013

Happy Chinese New Year 2013

Would like to wish all my readers a Happy and Prosperous Chinese New Year in the year of 2013.

May you and your family be in good health and prosperity overflowing with you all time all day.

Huat huat huat....

Cheers and Best regards,

* No physical ang pao, but if you want small to big ang pao, drop me an email.

Wednesday, 6 February 2013

Fast and Furious 6

Hello to all my avid readers. It had been a long long time since I had last posted here in my blog besides some coverage that was posted by one of my students here.

Because of the recent sentiment, it had been rather hard to say which counter is going up or down and where it will be heading as political winds are rather hard on all this kind of news, and it will really takes a good and solid information to give me the courage to put a call on a counter that I foresee it will be going up.

However, I definitely know one thing will be surely going up and will be one of the greatest hit for 2013 - Fast and Furious 6

Before wasting any good precious time, let us watch some good mouth watering teaser.

Featuring in the movie, we have a new WWE Champion The Rock "Dwayne Johnson" as Commander Luke Hobbs, ever hardcore Vin Diesel as Dominic Toretto (Frankly speaking, Fast and Furious series without Dominic is not cool at all), and Paul Walker who is walking the character Brian O'Conner.

Not enough of stars? There are good and sexy babes starring Jordana Brewster as Mia Toretto, and the sudden disappearance of Michelle Rodriguez as Letty (appearing back to screen), rising star Elsa Pataky on Elena Neves and Gal Gadot sitting on Gisele Harabo.

Driving with a bang into cinema on 24th May 2013.

Be sure to get your seat belts buckle up :D

Cheers and have a Happy Chinese New Year

Tuesday, 5 February 2013

Daya - The Rare Tri-Star Mystery

Good day to all readers, as it had been a while since the last update, I do hope that everyone is still good and alive despite the current market sentiment. With Chinese New Year mood looming around recently, and the most spoke about GE13 which will definitely be the topic of Chinese New Year visits. Who will win and who will lose, then we will have to let the aunt and uncle spell it out for you during your Chinese New Year visits.

Coming back to the topic, Daya is one of the counter which is monitored closely by me. Let me zoom into the chart and see it's recent activity on price for the past 3 weeks.

There is a volume spike up on 16th Jan and the volume even triple up 3 days later and had been trading at the range between  RM 0.19 - RM 0.235. Last week, a Tri-star candlestick pattern is spotted and the price is maintaining at RM 0.215. Daya is trying to break it's resistance at RM 0.23 but as the volume still relatively low with the current sentiment, it is still good to look at it and I believe that Daya will break the RM 0.23 in coming days once the trading volume comes back into the play.

I am looking forward on Daya going upwards to RM 0.26.