29 December 2009
09 December 2009
03 December 2009
17 November 2009
04 November 2009
03 November 2009
28 October 2009
19 October 2009
17 October 2009
15 October 2009
13 October 2009
10 October 2009
09 October 2009
07 October 2009
02 October 2009
01 October 2009
29 September 2009
28 September 2009
19 September 2009
10 September 2009
KFIMA
飞马展翅冲九霄，若无胆识莫轻骑。
若能骑马御风行，海阔天空任遨游。
I am bullish, but I may be wrong. Let's see tomorrow how this horse perform!
08 September 2009
07 September 2009
03 September 2009
25 August 2009
Puzzle 1 - Answer
17 August 2009
12 August 2009
10 August 2009
09 August 2009
RCE - Some Points to Ponder
Read this posted on 29-5-2009 by Mr Business in Cari Forum
说说RCE的风险。
1. RCE借出个人贷款和分期付款，收很高的利息。这些贷款是没有生产性的，而且客户的理财能力显然有问题，所以才会借钱，最后会不会还钱有疑问。而且，RCE的利息比市场高很多，是哪些人不去借比较底利息的贷款，却向RCE借高利息的贷款？
2. RCE基本是在做银行的生意，却没有deposit来作为资本来源，只好靠股东基金，和借贷来筹资。RCE已经借了大笔钱了，之前想发出ABS来筹资，可是现在ABS已经没什么市场，所以才又出private
placement来筹资。RCE钱紧的很，根本不会发高股息。
3. 研究员都说公务员的拖欠率很低，可是RCE的receivable和股东资金相比起来太大了，只要拖欠率提高一点，RCE的股东资金就可能亏完，进PN17。
4. RCE靠与几个koperasi合作来得到客户，这种合作关系稳固吗？我有怀疑。
5. RCE还有政策上的风险。前不久看到新闻说Angkasawan要求检讨让financial institute直接扣薪的制度。
6. RCE和大股东的关系很复杂，related party transaction很多http://cforum2.cari.com.my/viewthread.php?tid=901170&extra=page%3D1&page=71
06 August 2009
22 July 2009
FABER
Faber's price was pushed up to RM1 (highest RM1.03) at the time of posting this chart (dated 21 Jul 2009) today, with thin volume.
20 July 2009
15 July 2009
SARAWAK
2356 SARAWAK SARAWAK ENERGY BERHAD
Acquisition of 100% Shareholding in Sime Darby Power Link Sdn Bhd. Acquisition of Sime Darby Energy Sdn Bhds Entire 100% Shareholding in Sime Darby Power Link Sdn Bhd by Sarawak Energy Berhad and Tenaga Nasional Bhd Sarawak Energy Berhad (SEB) wishes to refer to the earlier announcement made on 21 January 2009 in relation to the development of the undersea High Voltage Direct Current (HVDC) transmission cable and the associated transmission lines and facilities connecting Bakun Hydroelectric Plant in Sarawak and Bentong in Pahang (Project).
SEB wishes to announce that SEB and Tenaga Nasional Berhad (TNB) have entered into a Share Sale Agreement (SSA) with Sime Darby Energy Sdn Bhd (SDESB) on 10 July 2009 in relation to the acquisition of 100% of the issued and paid-up shares in Sime Darby Power Link Sdn Bhd (SDPLSB) by SEB and TNB. SDPLSB is a special purpose vehicle established by SDESB to undertake the development and operation of transmission facilities to supply electricity from Sarawak to East Malaysia and Peninsular Malaysia. The acquisition of SDPLSB will allow SEB and TNB to gain access and leverage on the preliminary studies conducted on the Project including the on-going Environmental Impact Assessment (EIA) on the Indonesian territorial water. 77% of the undersea HVDC transmission cable is expected to transverse across indonesian territorial water.
Pursuant to the SSA, SEB and TNB will each acquire one ordinary fully paid-up share of RM1.00 each in SDPLSB from SDESB. The total purchase consideration for two ordinary fully paid-up shares of RM1.00 each, representing the entire issued and paid-up capital of SDPLSB is RM15,625,302 plus an adjustment amount to cater for additional cash advances made by SDESB to SDPLSB for the payment to the consultants as at the completion of the SSA, which will be no later than seven business days from the execution date of the SSA or such other extended
period or periods as may be mutually agreed between the parties. The total purchase consideration was arrived at on a willing buyer willing seller basis free from all encumbrances after taking into account certain costs incurred by SDPLSB to-date for undertaking the preliminary works and studies in respect of the Project, including the EIA for the undersea cable. By acquiring SDPLSB, SEB and TNB will have a time factor advantage and facilitate a seamless transition for the on-going studies and regulatory approval processes initiated by SDPLSB
some 12 months ago.
Upon completion of the SSA, SEB and TNB will each hold 50% of the issued and fully paid-up capital of SDPLSB. It is intended for the Minister of Finance Incorporated to participate the equity of SDPLSB at the appropriate juncture. For the current financial year, this transaction is not expected to have any effect on the issued and paid up capital and is not expected to have a material effect on the earnings and the net assets of SEB Group or on the shareholding
of the substantial shareholders of SEB. None of the directors or major shareholders of SEB, or persons connected with the directors or major shareholders of SEB have interest, direct or indirect in the above transaction.
This announcement is dated 10 July 2009.
10/07/2009 06:24 PM
Ref Code: 20090710GA00214
09 July 2009
Subscribe to:
Posts (Atom)