KUALA LUMPUR: Most of Eastern & Oriental Bhd (E&O) shareholders rejected ECM Libra Financial Group Bhd’s two nominees to the company's board of directors.
At the AGM on Friday, Sept 30, about 75% of the voting shares present, voted against the resolutions to nominate Mahadzir Azizan and Leong Kam Weng. ECM Libra owns 6.3% of E&O shares.
Mahadzir is a director of ECM Libra, SYARIKAT TAKAFUL MALAYSIA BHD [], ECM Libra Investment Bank Bhd, Libra Invest Bhd and several other companies, and is a member of the investment committee of Amanah Raya REIT.
Leong sits on the board of directors and audit committee of TA ENTERPRISE BHD [] and TA Global Bhd.
As of Sept 22, ECM Libra holds 6.3% of E&O, making it the second largest shareholder after SIME DARBY BHD [] which owns 30%.
E&O’s AGM dragged on for about four hours as shareholders queried the board on Sime Darby’s acquisition of the 30% stake.
On Sept 9, Sime Darby bought RM766 million worth of shares from three vendors; Datuk Terry Tham, E&O’s managing director, Tan Sri Wan Azmi Hamzah and GK Goh Holdings of Singapore at a 60% premium above the market price of RM2.30 per share.
Friday, September 30, 2011
U.S. Stock Futures Decline on Economy Concerns
U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will extend its biggest quarterly drop since 2008, after reports from China and Germany added to concern the global economy is slowing.
Caterpillar Inc. (CAT), the world’s largest construction and mining-equipment maker, slipped 1.2 percent in German trading. JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) slid more than 1.4 percent. Exxon Mobil Corp. (XOM) decreased 1.5 percent as oil headed for the biggest quarterly decline in New York since 2008.
S&P 500 futures expiring in December retreated 1.2 percent to 1,142 at 7:10 a.m. in New York. Dow Jones Industrial Average contracts fell 121 points, or 1.1 percent, to 10,978.
“Those concerns are very much alive,” Veronika Pechlaner, who helps manage about $1.8 billion at Jersey, Channel Islands- based Ashburton Ltd., said in a telephone interview, referring to a slowdown in economic growth. “Now we’re going through the process of really finding out how bad it’s going to be.”
The S&P 500 yesterday rose 0.8 percent as lower-than- estimated claims for unemployment benefits helped offset losses in consumer and technology shares. The index is heading toward its fifth monthly loss, the longest falling streak since March 2008. The U.S. equity gauge has tumbled 12 percent this quarter and is down 7.7 percent for the year.
China Manufacturing
A gauge of Chinese manufacturing shrank for a third month, the longest contraction since 2009, as measures of new orders and export demand declined. The reading of 49.9 for the September purchasing managers’ index, released by HSBC Holdings Plc and Markit Economics today, was unchanged from August and compared with a preliminary 49.4 figure published last week. The gauge was below 50, the level that separates expansion from contraction, for eight months through March 2009.
In Germany, retail sales declined the most in more than four years in August as concerns about the economic impact of Europe’s sovereign debt crisis sapped consumers’ willingness to spend. Sales, adjusted for inflation and seasonal swings, slumped 2.9 from July, when they rose 0.3 percent, the Federal Statistics Office in Wiesbaden said. That’s the biggest drop since May 2007. Economists forecast a 0.5 percent decline, according to the median of 18 estimates in a Bloomberg survey.
U.S. futures extended their losses after European inflation unexpectedly accelerated to the fastest in almost three years. The euro-area inflation rate jumped to 3 percent this month from 2.5 percent in August, the European Union’s statistics office said. That’s the biggest annual increase in consumer prices since October 2008.
Consumer Spending
A Commerce Department report at 8:30 a.m. in Washington may show consumer spending in the U.S. slowed last month as growing pessimism and a lack of jobs restrained the biggest part of the economy. Purchases rose 0.2 percent after a 0.8 percent gain in July, according to the median estimate of 81 economists surveyed by Bloomberg News. The figures are also projected to show incomes rose 0.1 percent, the smallest increase in nine months.
The Institute for Supply Management-Chicago Inc.’s business barometer eased to 55 this month from 56.5 in August, according to the median forecast of economists surveyed. Readings greater than 50 signal growth. The University of Michigan’s final confidence index for the month was probably 57.8, unchanged from a preliminary reading issued two weeks ago and up from 55.7 in August, the lowest since November 2008.
Caterpillar slid 1.2 percent to $74.49 in German trading.
JPMorgan declined 1.5 percent to $30.92, while Bank of America fell 1.6 percent to $6.25. Financial companies in the S&P 500 have sunk 20 percent this quarter, the second-biggest decline among 10 major industry groups.
Exxon Mobil dropped 1.5 percent to $72.80. Oil headed for the biggest quarterly loss since the 2008 financial crisis as signs of slowing growth heightened concerns that fuel demand will suffer.
Caterpillar Inc. (CAT), the world’s largest construction and mining-equipment maker, slipped 1.2 percent in German trading. JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) slid more than 1.4 percent. Exxon Mobil Corp. (XOM) decreased 1.5 percent as oil headed for the biggest quarterly decline in New York since 2008.
S&P 500 futures expiring in December retreated 1.2 percent to 1,142 at 7:10 a.m. in New York. Dow Jones Industrial Average contracts fell 121 points, or 1.1 percent, to 10,978.
“Those concerns are very much alive,” Veronika Pechlaner, who helps manage about $1.8 billion at Jersey, Channel Islands- based Ashburton Ltd., said in a telephone interview, referring to a slowdown in economic growth. “Now we’re going through the process of really finding out how bad it’s going to be.”
The S&P 500 yesterday rose 0.8 percent as lower-than- estimated claims for unemployment benefits helped offset losses in consumer and technology shares. The index is heading toward its fifth monthly loss, the longest falling streak since March 2008. The U.S. equity gauge has tumbled 12 percent this quarter and is down 7.7 percent for the year.
China Manufacturing
A gauge of Chinese manufacturing shrank for a third month, the longest contraction since 2009, as measures of new orders and export demand declined. The reading of 49.9 for the September purchasing managers’ index, released by HSBC Holdings Plc and Markit Economics today, was unchanged from August and compared with a preliminary 49.4 figure published last week. The gauge was below 50, the level that separates expansion from contraction, for eight months through March 2009.
In Germany, retail sales declined the most in more than four years in August as concerns about the economic impact of Europe’s sovereign debt crisis sapped consumers’ willingness to spend. Sales, adjusted for inflation and seasonal swings, slumped 2.9 from July, when they rose 0.3 percent, the Federal Statistics Office in Wiesbaden said. That’s the biggest drop since May 2007. Economists forecast a 0.5 percent decline, according to the median of 18 estimates in a Bloomberg survey.
U.S. futures extended their losses after European inflation unexpectedly accelerated to the fastest in almost three years. The euro-area inflation rate jumped to 3 percent this month from 2.5 percent in August, the European Union’s statistics office said. That’s the biggest annual increase in consumer prices since October 2008.
Consumer Spending
A Commerce Department report at 8:30 a.m. in Washington may show consumer spending in the U.S. slowed last month as growing pessimism and a lack of jobs restrained the biggest part of the economy. Purchases rose 0.2 percent after a 0.8 percent gain in July, according to the median estimate of 81 economists surveyed by Bloomberg News. The figures are also projected to show incomes rose 0.1 percent, the smallest increase in nine months.
The Institute for Supply Management-Chicago Inc.’s business barometer eased to 55 this month from 56.5 in August, according to the median forecast of economists surveyed. Readings greater than 50 signal growth. The University of Michigan’s final confidence index for the month was probably 57.8, unchanged from a preliminary reading issued two weeks ago and up from 55.7 in August, the lowest since November 2008.
Caterpillar slid 1.2 percent to $74.49 in German trading.
JPMorgan declined 1.5 percent to $30.92, while Bank of America fell 1.6 percent to $6.25. Financial companies in the S&P 500 have sunk 20 percent this quarter, the second-biggest decline among 10 major industry groups.
Exxon Mobil dropped 1.5 percent to $72.80. Oil headed for the biggest quarterly loss since the 2008 financial crisis as signs of slowing growth heightened concerns that fuel demand will suffer.
一定能赚钱的八大经典定律
赚钱第一定律：你要做羊，还是做狼？
永远是10%的人赚钱，90%的人赔钱，这是市场的铁律，不论是股市，还是开公司、办企业，都不会改变。
如果人人都赚钱，那么谁赔钱，钱从何处来？
天下人不可能都是富人，也不可能都是穷人！
但富人永远是少数，穷人永远是多数！
这是上帝定的，谁也没办法。
但赚钱总是有办法，就是你去做10%的人，不要去做大多数人。
做少数富人，你需要换思想，转变观念，拥有富人的思维，就是和大多数人不一样的思维。
有人说得好：“换个方向，你就是第一。”因为大多数人都是一个方向，千军万马都一样的思维，一样的行为，是群盲，就象羊群一样。
你要做羊，还是做狼？
数英雄，论成败，天下财富在谁手？10%的人拥有90%的财富，90%的人拥有10% 的财富。你要想富，你就得研究富的办法，研究富翁的思想和行为，象富人那样做，立下雄心壮志，做出不凡的业绩，很快你就是富翁！
“富人思来年，穷人思眼前”，这就是赚钱第一定律！
赚钱第二定律：金钱遍地都是，赚钱很容易！
问苍茫大地，谁主财富！为什么他能赚钱，你不能赚钱。追根求源，想赚钱——首先你要对钱有兴趣，对钱有一个正确的认识，不然钱不会找你。钱不是罪恶，她是价值的化身，是业绩的体现，是智慧的回报。
物以类聚，钱以人分。你必须对钱有浓厚的兴趣，感觉赚钱很有意思，很好玩，你喜欢钱，钱才能喜欢你。这决不是拜金主义，而是金钱运行的内在规律，不信你看那些富翁都喜欢钱，都能把钱玩得非常了得，看看比尔盖茨，看看沃伦巴菲特，看看乔治索罗斯。
金钱遍地都是，赚钱很容易。你必须确立这样的观念。如果你觉得赚钱很难，那么赚钱真的很难。那些大富翁没有一个认为赚钱难的，反倒认为花钱太难。你要牢记，赚钱真的很容易，随便动动脑筋就能来钱。这可不是教你吹牛，这是赚大钱，当富翁的思想基础，你不得不信！
股市赚钱难吗？不难，其实股市赚钱就6个字：“低点买，高点卖”。你只要用好这6个字，保你日进斗金，富得流油。华尔街经营之神巴菲特，就是善用这6字真言的世界级大师。说句实话，用活6字真言，你可以不用看K线图，不用盯着大盘，边玩边赚钱，这叫休闲贸易！
眼见他高楼起，气得你心口疼。你仇富吗，千万别。仇富说明你还不富，说明你还有穷人思维，赚钱第一定律怎么讲的，赶快重温。
如今经济全球化车轮势不可挡，市场经济大潮波澜壮阔，中国将飞速发展，风景这边独好，我们是遇到了“千年未遇之变局”，真是生逢良时，你不赚钱，干啥？赚钱玩呗！
正确认识钱，树立正确的金钱观念，这是赚钱的第二定律！
赚钱第三定律：最简单的方法最赚钱！
天下赚钱方法千千万，但最简单的方法最赚钱。虽说条条大路通罗马，但万法归一，简单的才是最好的。
复杂的方法只能赚小钱，简单的方法才能赚大钱，而且方法越简单越赚大钱。比如.比尔盖茨只做软件，就做到了世界首富；沃伦巴菲特专做股票，很快做到了亿万富翁；乔治索罗斯一心搞对冲基金，结果做到金融大鳄；英国女作家罗琳，40多岁才开始写作，而且专写哈里波特，竟然写成了亿万富婆。
具体讲，每个行业都有赚大钱的方法：在商品零售业，沃尔玛始终坚持“天天平价”的理念，想方设法靠最低价取胜，结果做成了世界最大；在股市，沃伦巴菲特一直坚持“如果一只股票我不想持有10年，那我根本就不碰它一下”的原则炒股；在日本战败后，美国品质大师戴明博士应邀到日本给松下、索尼、本田等许多家企业讲课，他只讲了最简单的方法——“每天进步1%”，结果日本这些企业家真照着做了，并取得了神效，可以说日本战后经济的崛起有戴明博士的功劳。你说明他们的方法简单不简单？炒股赚钱也有简单的方法。现在大多数人炒股都是“不要把所有的鸡蛋放在一个篮子里”，实行“多样化”，但沃伦巴菲特告诉你“不要多样化，要把所有的鸡蛋放在一个篮子里，然后密切关注它。”炒股其实真的就这么简单。我的炒股原则是“一年操作一两次，低点买、高点卖”，集中资金买3支以内的股票，有时每年只买一支股票天津磁卡 ，结果每年都赚得钵满盆盈。我从不看K线图，也不盯大盘，只是偶尔看一眼行情，简单判断一下，就万事大吉了。世界没有免费的午餐，也没有天上掉下来的馅饼。你要研究赚钱，总结自己的简单赚钱方法，然后坚持它，不要轻易改变。现在大多数人没有主心骨，炒股太善变了，今天炒长线，明天炒短线，今天听个消息就买，明天听个消息就卖，结果六心不定，输得干干净净。这个教训要切记！
简单的方法赚大钱，复杂的方法赚小钱，这是赚钱的第三定律。
赚钱第四定律：赚大钱一定要有目标！
年年岁岁花相似，赚钱方法各不同。
但有一点是相同的，就是你要赚钱一定要有目标。
成功的道路是由目标铺成的。没有目标的人是在为有目标的人完成目标的。
有大目标的人赚大钱，有小目标的人赚小钱，没有目标的人永远为衣食发愁。你是哪类人？
没有目标，欲说还休，欲说还休，却道赚钱真忧愁！
要赚钱，你必须有赚钱的野心。野心是什么？野心就是目标，就是理想，就是梦想，就是企图，就是行动的动力！
试看天下财富英雄，都是野心家，比如洛克菲勒、比尔盖茨、孙正义等等。没有财富野心，就没有财富。
有野心不是坏事，有野心才有动力、有办法、有行动。
赚钱的野心要越大越好，这不是教你干坏事，干坏事的野心要越小越好。
从现在开始，你要立即“做梦”，当一个野心家，设定赚钱的大目标：终生目标，10年目标，5年目标，3年目标，以及年度目标。然后制定具体计划，开始果敢的行动。
万事开头难，有目标就不难，创富是从制定目标开始的。天下没有不赚钱的行业，没有不赚钱的方法，只有不赚钱的人。
“人穷烧香，志短算命。”要赚钱，你一定要有目标，一定要有野心，这是赚钱的第四定律。
赚钱第五定律：一定要用脑子赚钱
天下熙熙皆为名来，天下攘攘皆为利往。在财富时代，你一定要用脑子赚钱。
你见过谁用四肢赚大钱的？一些运动员赚钱不菲，但迈克尔乔丹说：“我不是用四肢打球，而是用脑子打球。”用四肢不用脑子只能是别人的工具，是别人大脑的奴隶，是赚不了大钱的！
用四肢只能赚小钱，用脑子才能赚大钱。
人的想像力太伟大了，爱因斯坦说过：“想象力比知识更重要”，美国通用电器公司前总裁杰克韦尔奇说过：“有想法就是英雄”。人类如果没有想像力就如同猿猴和黑猩猩。
赚钱始于想法，富翁的钱都是“想”出来的！
想当初，比尔盖茨怎么就会做软件，怎么就会搞视窗，因为他想到了，正如他自己说的“我眼光好”。亚洲首富孙正义在美国读书时没钱就发明翻译机，一下卖了一百万美元，后来开办软件银行，他的头脑和眼光也了不得。好孩子集团老板宋郑还是靠卖发明专利起家的，第一项发明卖了4万元，第二项发明别人出价 8万元要买，但他不卖，自己投入生产，结果成了世界童车大王。
现在有的人确实靠嘴巴赚了钱，但他说话之前首先必须想好说什么。也有些人企图靠耳朵赚钱，自己不动脑，到处打听消息，特别在股市里，今天听个内幕消息就买，明天听个小道消息就卖，跟风头，随大流，最后被套赔钱，现在大多数股民都这样，不知道自己的脑子是干什么的！
世界上所有富翁都是最会用脑子赚钱的，你就是把他变成穷光蛋，他很快又是富翁，因为他会用脑。洛克菲勒曾放言：“如果把我所有财产都抢走，并将我扔到沙漠上，只要有一支驼队经过，我很快就会富起来。”让我们再来看看脑白金和黄金搭档，史玉柱的东山再起启示我们，只要把脑子用活，失败了还会成功，再赚钱是不成问题的。
我郑重地告诉大家：你要赚钱你就想吧，想好了就行动，保准你有好收成。
莎仕比亚在《哈姆雷特》中讲过：“你就是把我关在胡桃盒子里，我也是无限想像空间的君主。”展开你想像的翅膀吧，赚钱的第五定律是，你一定要用脑子赚钱！
赚钱第六定律：要赚大钱一定要敢于行动！
天下财富遍地流，看你敢求不敢求。金钱多么诱人啊，但要赚大钱一定要敢于行动！
世界没有免费的午餐，也没有天上掉下来的馅饼。
不行动你不可能赚钱，不敢行动你赚不了大钱。敢想还要敢干，不敢冒险只能小打小闹，赚个小钱。
我行我富！试看天下财富英雄都是有胆有识有行动力的，想当年比尔盖茨放弃哈佛大学学业，白手起家创办微软，是何等的胆识和行动力。美国最年轻的亿万富翁迈克戴尔，在大学读书时就组装电脑卖，感到不过瘾便开办电脑公司，是何等另人钦佩。
甲骨文公司老板埃里森不仅放哈佛学业，赚取260亿美金，还回哈佛演讲，鼓动学生退学，被警察拖下讲坛。还有网易丁磊、健力宝张海、实德徐明等等，他们之所以有今天的业绩，就在于他们当初敢于冒险，敢于行动。
你敢富吗？绝大多数人不敢！其实大多数人都没想富，别说敢富。
现在人们谈论财富越来越多，但许多人说得多，做得少。
要知道：“说是做的仆人，做是说的主人”。我们许多经济学家谈财富头头是道，但他们谁富了？中国的股评家评起股来夸夸其谈，但他们谁炒股赚大钱了？如果他们能赚大钱，就不会当股评家了！所以你要炒股，千万不要相信股评家！
德国行动主义哲学家费希特说过：“行动，行动，这是我们最终目的。”要想富，快行动，不要怕，先迈出一小步，然后再迈出一大步。记住：“利润和风险是成正比的”。
赚钱第七定律：想赚大钱一定要学习赚钱！
天下聪明人很多，但为什么绝大多数聪明人都不富？在财智时代，要赚大钱一定要学习赚钱！
你学过赚钱吗？绝大多数人没有，所以绝大多数人还不会赚钱。我们在小学没学过赚钱，在中学没学过赚钱，在大学还是没学过赚钱，就连金融、财经类的大学也学不到真正赚钱的知识，看来我们的教育确实有了大问题！
聪明的穷人们啊，你们的智商很高，但你们的财商太低，你们穷得太可怜了！不过高尔基说过：“自学是没有围墙的大学”，你们可以自学赚钱知识。
人非生而知之，谁天生就会赚钱？财商和智商不同，智商有天生的成份，而财商100%需要后天学习提高。孙正义、李嘉诚、史玉柱等所有大富翁，都不是一生下来就会赚钱，但他们都有两个共同特点：一是有强烈的赚钱企图心，二是有很强的学习力，正是由于他们善于学习赚钱，所以他们超越常人，登上财富巅峰。
聪明不等于智慧，聪明赚不到钱，智慧能赚大钱。真正白手起家的富豪，学历不一定高，但一定很有智慧，他们是最善于学习赚钱的一族，他们都有学习赚钱的不凡历程，他们通过学习摸到了赚钱的规律，掌握了赚钱门道，执掌了赚钱的牛耳，成为财富英雄！
英雄起于草莽，英雄不问出处。真正的赚钱者，都是阅读者。你想当富翁吗？你想跨入财富英雄行列吗？那你就赶快学习赚钱：读赚钱书报、听赚钱讲座、向财富精英学习、向身边高人请教等等。比如，炒股你要学习沃伦巴菲特，尤其学他简单的投资理念。创业你要学习孙正义，他在两年之内读了4000本书（不知道是怎么读的）。还有李嘉诚，他为了创业专门到别的公司打工偷艺。向成功者学，像成功者那样干，增长你的智慧，提高你的财商，总结赚钱的秘笈，很快你就会富。
赚钱的第七定律是，要赚大钱一定要学习赚钱！
赚钱的第八定律：赚大钱一定要选择！
风水轮流转，今天到你家。如今金钱遍地都是，赚钱方法多如牛毛，但要赚大钱一定要选择。
选择就是命运，选择就是财富。不选择你就会迷失，财富就会与你擦肩而过。
你是命运的主宰，你是财富的上帝。在二十多年前，美国一个17岁少年，一头乱发，一身脏衣，戴着一付高度近视眼镜，但他竟选择了编写软件，创办软件公司，正是由于这一选择，才有今天的微软和今天的比尔盖茨！
亚洲首富孙正义19岁开始创业，一年之内制定了40个创业计划，但他只选择其中一个最好的计划——开办软件银行，由此登上了财富的天梯！
在市场多样化加速、越来越细分的时代，只有选择才能成功。沃尔玛只选择做商品零售，可口可乐只卖饮料，肯德基、麦当劳只卖汉堡，日本的松下、索尼、三洋只做电器。
选择的目的就是专一和专注。我国许多知名大企业现在开始走多元化的路子，包括海尔在内，其实多元化之路危机四伏，很有可能要失败，四通、飞龙、轻骑的失败就是例证。史玉柱做保健品很成功，刚一多元化就失败，现在他吸取教训，做保健品重新获得成功。
你要创业，你选择什么？根据多年对世界财富精英的分析，富豪们大多涉猎股票和地产。事实上美国和欧洲60%以上的人投资股票。
炒股也需要选择，例如选择什么投资理念和原则，选择长线还是短线，选择什么股票，是组合投资还是专一投资。
现在许多人热衷炒短线，在股市频繁进出，频繁换股，一年到头忙忙碌碌，很象操盘高手，结果不仅赚不到钱，还深套其中，既辛苦又心酸。
炒股一定要专一，就象对老婆一样。中外股市大赢家很少是短线高手，大多是长线老牛，沃伦巴菲特是其中最著名的。他告诉我们：“如果一只股票我不想持有10年，我就根本不碰它一下”；“不要多样化，要把所有鸡蛋放到一个篮子里，然后密切关注它。”我国一些庄家多年来专做几只股票，有的甚至2、3年内只炒一只股票，结果赢利甚丰。
你要炒股千万别花心，精心选择好股去爱她，她会为你下金蛋！
赚钱的第八定律是，赚大钱一定要选择！
Stocks in Europe Fall Amid Signs of Slower Growth; U.S. Index Futures Drop
European stocks fell, trimming the Stoxx Europe 600 Index’s largest weekly advance in 14 months, as reports on Chinese manufacturing and German retail sales added to concern the economy is slowing. Asian shares and U.S. index futures declined.
Deutsche Bank AG (DBK) lost 7.1 percent as Handelsblatt reported that Germany’s biggest lender may lower its profit target. Metro AG (MEO) fell 4.2 percent after German retail sales declined the most in more than four years in August. Royal Philips Electronics NV tumbled 5.7 percent as HSBC Holdings Plc cut its earnings estimates for the company.
The Stoxx 600 fell 1.6 percent to 225.24 at 12:51 p.m. in London. The measure has rallied 4.2 percent this week as policy makers increased efforts to contain the region’s debt crisis and U.S. jobs and growth data exceeded forecasts. The gauge is still heading for the biggest quarterly decline since 2008, having plunged 18 percent since the end of June. The index has dropped 5.3 percent in September, a fifth straight month of losses.
“The situation is quite dark right now,” said Philipp Musil, who helps manage about $11 billion at Semper Constantia Privatbank AG in Vienna. “We’re very cautious about equities. All in all the figures are not good and many investors think we’re going straight into a recession.”
The MSCI Asia Pacific Index slid 0.9 percent today as a gauge of Chinese manufacturing shrank for a third month. Standard & Poor’s 500 Index futures fell 1.2 percent before reports that may show U.S. consumer spending cooled and business activity expanded at a slower pace.
Chinese Economy
In China, the reading of 49.9 for the September purchasing managers’ index, released by HSBC Holdings Plc and Markit Economics today, was unchanged from August and compared with a preliminary 49.4 figure published last week. The gauge was below 50, the level that separates expansion from contraction, for eight months through March 2009.
In the U.S., personal spending rose 0.2 percent in August after a 0.8 percent gain in July, according to the median estimate of 81 economists surveyed by Bloomberg News. The figures are also projected to show incomes rose 0.1 percent, the smallest increase in nine months. The Commerce Department’s report is due at 8:30 a.m. in Washington.
The Institute for Supply Management-Chicago Inc.’s business barometer eased to 55 this month from 56.5 in August, according to the median forecast of economists surveyed. Readings greater than 50 signal growth. The University of Michigan’s final confidence index for the month was probably 57.8, unchanged from a preliminary reading issued two weeks ago and up from August’s 55.7, the lowest since November 2008.
‘Boost Sentiment’
A stronger-than-expected Chicago ISM number “could help boost sentiment in a market that is probably positioned for further downside,” said Ben Potter, a market strategist at IG Index in Melbourne. “If economic data begins to improve, we wonder whether it may take a little bit of the focus off of the euro-zone crisis.”
European inflation unexpectedly accelerated to the fastest in almost three years in September, complicating the European Central Bank’s task as it fights the region’s worsening sovereign-debt crisis. The euro-area inflation rate jumped to 3 percent from 2.5 percent in August, the European Union’s statistics office said. That’s the biggest annual increase in consumer prices since October 2008.
Deutsche Bank Drops
Deutsche Bank slid 7.1 percent to 26.24 euros. The bank may lower its target for achieving a record 10 billion euros ($13.6 billion) in profit this year, Handelsblatt reported, citing unidentified people close to the management board.
BNP Paribas (BNP) SA and Societe Generale (GLE) SA, France’s biggest banks, fell 4.2 percent to 29.84 euros and 8.4 percent to 19.30 euros, respectively. UBS AG downgraded Societe Generale to “neutral” from “buy” and cut its price forecast on the stock to 21 euros from 35 euros, while reducing its price estimate on BNP to 31 euros from 36 euros.
Metro, Germany’s largest retailer, dropped 4.2 percent to 31.95 euros. German retail sales, adjusted for inflation and seasonal swings, slumped 2.9 from July, when they rose 0.3 percent, the Federal Statistics Office in Wiesbaden said today. Economists had forecast a 0.5 percent decline, according to the median of 18 estimates in a Bloomberg survey.
Philips slumped 5.7 percent to 13.32 euros in Amsterdam trading after HSBC cut its earnings estimates by 20 percent to 30 percent for the next two years and predicted “many challenges” for the Dutch electronics company.
Philips Falls
“Philips’ figures could certainly be better and generally more and more earnings are being revised down,” said Markus Huber, head of German sales trading at ETX Capital in London. “I wouldn’t be surprised if the company cut its forecast. Consumers might scale back in the short term because of the prevailing uncertainty.”
Luxury-goods stocks declined as the gauge of Chinese manufacturing indicated a contraction. Swatch AG slid 6.2 percent to 304.80 francs. The world’s largest watchmaker makes 33 percent of its revenue in greater China, according to Bloomberg data. Burberry Group Plc (BRBY), the U.K.’s largest luxury- goods maker, lost 5.6 percent to 1,134 pence. The company makes 33 percent of its revenue in the Asia Pacific region, Bloomberg data shows.
Bayerische Motoren Werke AG (BMW) and Daimler AG (DAI), the world’s biggest makers of luxury cars, led declines in European automakers as the industry posted the worst performance of all 19 groups in the Stoxx 600. BMW slid 6.8 percent to 49.15 euros while Daimler fell 4.3 percent to 33.32 euros. Daimler sells 10 percent of its vehicles in China, Bloomberg data show.
Lundin Petroleum AB (LUPE) surged 29 percent to 114.90 kronor in Stockholm, the biggest gain in at least 10 years, after saying its Avaldsnes prospect may contain contingent resources of 800 million to 1.8 billion barrels of recoverable oil.
Deutsche Bank AG (DBK) lost 7.1 percent as Handelsblatt reported that Germany’s biggest lender may lower its profit target. Metro AG (MEO) fell 4.2 percent after German retail sales declined the most in more than four years in August. Royal Philips Electronics NV tumbled 5.7 percent as HSBC Holdings Plc cut its earnings estimates for the company.
The Stoxx 600 fell 1.6 percent to 225.24 at 12:51 p.m. in London. The measure has rallied 4.2 percent this week as policy makers increased efforts to contain the region’s debt crisis and U.S. jobs and growth data exceeded forecasts. The gauge is still heading for the biggest quarterly decline since 2008, having plunged 18 percent since the end of June. The index has dropped 5.3 percent in September, a fifth straight month of losses.
“The situation is quite dark right now,” said Philipp Musil, who helps manage about $11 billion at Semper Constantia Privatbank AG in Vienna. “We’re very cautious about equities. All in all the figures are not good and many investors think we’re going straight into a recession.”
The MSCI Asia Pacific Index slid 0.9 percent today as a gauge of Chinese manufacturing shrank for a third month. Standard & Poor’s 500 Index futures fell 1.2 percent before reports that may show U.S. consumer spending cooled and business activity expanded at a slower pace.
Chinese Economy
In China, the reading of 49.9 for the September purchasing managers’ index, released by HSBC Holdings Plc and Markit Economics today, was unchanged from August and compared with a preliminary 49.4 figure published last week. The gauge was below 50, the level that separates expansion from contraction, for eight months through March 2009.
In the U.S., personal spending rose 0.2 percent in August after a 0.8 percent gain in July, according to the median estimate of 81 economists surveyed by Bloomberg News. The figures are also projected to show incomes rose 0.1 percent, the smallest increase in nine months. The Commerce Department’s report is due at 8:30 a.m. in Washington.
The Institute for Supply Management-Chicago Inc.’s business barometer eased to 55 this month from 56.5 in August, according to the median forecast of economists surveyed. Readings greater than 50 signal growth. The University of Michigan’s final confidence index for the month was probably 57.8, unchanged from a preliminary reading issued two weeks ago and up from August’s 55.7, the lowest since November 2008.
‘Boost Sentiment’
A stronger-than-expected Chicago ISM number “could help boost sentiment in a market that is probably positioned for further downside,” said Ben Potter, a market strategist at IG Index in Melbourne. “If economic data begins to improve, we wonder whether it may take a little bit of the focus off of the euro-zone crisis.”
European inflation unexpectedly accelerated to the fastest in almost three years in September, complicating the European Central Bank’s task as it fights the region’s worsening sovereign-debt crisis. The euro-area inflation rate jumped to 3 percent from 2.5 percent in August, the European Union’s statistics office said. That’s the biggest annual increase in consumer prices since October 2008.
Deutsche Bank Drops
Deutsche Bank slid 7.1 percent to 26.24 euros. The bank may lower its target for achieving a record 10 billion euros ($13.6 billion) in profit this year, Handelsblatt reported, citing unidentified people close to the management board.
BNP Paribas (BNP) SA and Societe Generale (GLE) SA, France’s biggest banks, fell 4.2 percent to 29.84 euros and 8.4 percent to 19.30 euros, respectively. UBS AG downgraded Societe Generale to “neutral” from “buy” and cut its price forecast on the stock to 21 euros from 35 euros, while reducing its price estimate on BNP to 31 euros from 36 euros.
Metro, Germany’s largest retailer, dropped 4.2 percent to 31.95 euros. German retail sales, adjusted for inflation and seasonal swings, slumped 2.9 from July, when they rose 0.3 percent, the Federal Statistics Office in Wiesbaden said today. Economists had forecast a 0.5 percent decline, according to the median of 18 estimates in a Bloomberg survey.
Philips slumped 5.7 percent to 13.32 euros in Amsterdam trading after HSBC cut its earnings estimates by 20 percent to 30 percent for the next two years and predicted “many challenges” for the Dutch electronics company.
Philips Falls
“Philips’ figures could certainly be better and generally more and more earnings are being revised down,” said Markus Huber, head of German sales trading at ETX Capital in London. “I wouldn’t be surprised if the company cut its forecast. Consumers might scale back in the short term because of the prevailing uncertainty.”
Luxury-goods stocks declined as the gauge of Chinese manufacturing indicated a contraction. Swatch AG slid 6.2 percent to 304.80 francs. The world’s largest watchmaker makes 33 percent of its revenue in greater China, according to Bloomberg data. Burberry Group Plc (BRBY), the U.K.’s largest luxury- goods maker, lost 5.6 percent to 1,134 pence. The company makes 33 percent of its revenue in the Asia Pacific region, Bloomberg data shows.
Bayerische Motoren Werke AG (BMW) and Daimler AG (DAI), the world’s biggest makers of luxury cars, led declines in European automakers as the industry posted the worst performance of all 19 groups in the Stoxx 600. BMW slid 6.8 percent to 49.15 euros while Daimler fell 4.3 percent to 33.32 euros. Daimler sells 10 percent of its vehicles in China, Bloomberg data show.
Lundin Petroleum AB (LUPE) surged 29 percent to 114.90 kronor in Stockholm, the biggest gain in at least 10 years, after saying its Avaldsnes prospect may contain contingent resources of 800 million to 1.8 billion barrels of recoverable oil.
热股技术点评：上升股 实达集团 阻力RM3.88
实达集团（SPSetia，8664，主板产业股）的股价趋势于9月29日间在价量扶持下，以3.78令吉高开迎市后于闭市时以3.87令吉高收，按日涨37仙或10.57%。它于昨日间的交投趋势于高开后进入一段持续反弹走势。短期上升阻力料会处于3.88-3.95令吉水平间。
29/9/11行情
闭市：3.87令吉
起落：+37仙
最高：3.89令吉
最低：3.77令吉
成交量：378682宗
本益比：15.624倍
毛周息率：5.168%
52周最高：6.93令吉
52周最低：2.97令吉
“望道號”（Logos Hope）停靠巴生港口‧民眾可參觀海上書店
（雪蘭莪‧巴生29日訊）海上書店“望道號”（Logos Hope）即日起停靠在巴生港口，直到10月23日，有興趣參觀的民眾請把握機會！
這是從2009年開始啟航的“望道號”，第一次來到馬來西亞，並在4個地方停留，即檳城（8月18日至9月27日）、巴生港口（9月29日至10月23日）、古晉（10月28日至11月14日）及亞庇（11月18日至12月4日）。
“望道號”藏書豐富，船上有5千種不同題目的書，參觀的民眾可以在船上隨意選購。除了書籍之外，船上還有售賣音樂專輯、紀念品、文具等。
婦女、家庭及社會發展部副部長王賽芝今日出席開幕儀式後在新聞發佈會上說，“望道號”的書籍價格相當公道，而且種類繁多，適合一家大小參觀。
“望道號”主管沃爾斯表示，“望道號”啟航以來至今已經吸引超過200萬人次參觀。
可申請當志工
他指出，“望道號”在檳城停留時吸引13萬3千人次參觀。
“船上總共有50萬本書冊，大多數是英文書，主要由英國和美國進口。”
他表示，“望道號”目前有5名馬來西亞籍志工，如果有人有興趣加入他們的行列，可致函www.gbaships.org；服務期最短3個月，過後可續約。
參觀資訊
日期： 9月29日至10月23日
地點： 巴生港口Glenn郵輪碼頭
收費： 成人1令吉；12歲以下孩童免費，惟必須有大人陪伴
參觀時間：
星期二至星期六：10am-10pm
星期日：3pm-10pm
星期一：休息
網站： www.gbaships.org
（星洲日報）
The Liew factor in SP Setia
KUALA LUMPUR: Tan Sri Liew Kee Sin will be a major force in deciding whether or not SP Setia Bhd accepts the offer made by Permodalan Nasional Bhd (PNB), analysts said.
And the view is Liew, who helped to build SP Setia, is likely to stay on with the company even if PNB's offer is accepted.
"His (Liew's) decision will sway whether other investors will take up the offer," Jupiter Securities head of research Pong Teng Siew said.
On Wednesday, PNB offered to gain control of the property company for RM3.90 a share and 91 sen per warrant. It also wants to keep SP Setia listed.
But this was rejected by SP Setia's board on the same day, saying the offer "fundamentally undervalues" the property developer and that it will seek rival bidders.
As the one who built the company, it is unlikely that Liew will leave SP Setia, because of sentimental reasons and the fact that no one wants him to leave.
"Since PNB wants to maintain SP Setia's listing status, Liew's stake is also protected, compared to if the company was not listed. This is his business," another analyst said.
Last night, PNB expressed its confidence in the existing management team and its intention to continue to work with them to deliver value to shareholders.
PNB now has 33.17 per cent of SP Setia, Liew holds another 11.26 per cent and SP Setia's foreign shareholding is some 21 per cent.
Meanwhile, Pong opined that it was unlikely that a management buyout could happen.
"Given the sheer size of the company, I doubt that there is anyone who can outdo the offer," Pong said.
And the view is Liew, who helped to build SP Setia, is likely to stay on with the company even if PNB's offer is accepted.
"His (Liew's) decision will sway whether other investors will take up the offer," Jupiter Securities head of research Pong Teng Siew said.
On Wednesday, PNB offered to gain control of the property company for RM3.90 a share and 91 sen per warrant. It also wants to keep SP Setia listed.
But this was rejected by SP Setia's board on the same day, saying the offer "fundamentally undervalues" the property developer and that it will seek rival bidders.
As the one who built the company, it is unlikely that Liew will leave SP Setia, because of sentimental reasons and the fact that no one wants him to leave.
"Since PNB wants to maintain SP Setia's listing status, Liew's stake is also protected, compared to if the company was not listed. This is his business," another analyst said.
Last night, PNB expressed its confidence in the existing management team and its intention to continue to work with them to deliver value to shareholders.
PNB now has 33.17 per cent of SP Setia, Liew holds another 11.26 per cent and SP Setia's foreign shareholding is some 21 per cent.
Meanwhile, Pong opined that it was unlikely that a management buyout could happen.
"Given the sheer size of the company, I doubt that there is anyone who can outdo the offer," Pong said.
PNB defends bid for SP Setia
PNB says it has considered the offer from various angles, such as market conditions, the interest of stakeholders especially the minority shareholders.
Kuala Lumpur: Permodalan Nasional Bhd (PNB) has defended its offer price for SP Setia Bhd and extended an olive branch to the board, which is resisting its bid to control the property firm.
The state-run fund manager offered RM3.90 a share and 91 sen for its warrants but the board, which includes president and chief executive Tan Sri Liew Kee Sin, said the bid fundamentally undervalues SP Setia.
PNB president and group chief executive officer Tan Sri Hamad Kama Piah Che Othman said many analysts had viewed the offer positively as it translates into a price earnings ratio of 19.8 times compared with Kuala Lumpur Property Index's 9.8 times.
"We have considered this offer from various angles, such as market conditions, the interest of stakeholders especially the minority shareholders," he said in a statement released here yesterday.
The statement explained the rationale for PNB's strong interest in the company which it regarded as a strong and well-run group with stellar performance.
SP Setia, it said, has continued to be one of the most profitable property players and is highly regarded by the investment community.
The market also views the company as having good returns po-tential, both in terms of dividend and capital gains and has outperformed the returns of the FTSE Bursa Malaysia KLCI in the past five years.
"The offer is in line with PNB's long-term strategy of enhancing its investments in the property sector ... having a strategic holding in SP Setia would further strengthen our portfolio," said Hamad Kama Piah.
He also expressed his confidence in the existing management team and PNB's wish is to work with them to continue to deliver value to shareholders.
"This is a synergistic collaboration that blends the entrepreneurial spirit of SP Setia and PNB's record as a strong and supportive long-term shareholder, which allows the management to have an undivided focus on maximising shareholders' value," he said.
PNB has been a long-term shareholder in SP Setia since 2000 and has been gradually increasing its stake to being the single largest shareholder since 2008.
Analysts have mixed views on the fair value of SP Setia, which ranges from a low of RM3.15 to a high of RM5.41.
They also don't think a rival bidder will emerge although SP Setia's board plans to look for one.
TA Securities senior property analyst Tan Kam Meng said in terms of financial muscle, only other government-linked funds will be able to compete with PNB.
"However, it makes no sense for these funds to bid since PNB has already controlled the 33 per cent stake," he said.
He added that should there be competing offers, based on SP Setia's current market value of RM6.9 billion, it would have to come from a group of investors.
"The premium offered by PNB is below our discounted free cash flow valuation of RM4.45 per share," he said.
Another analyst also said there is still a possibility of PNB raising its offer as plans to keep SP Setia listed is a recognition of its equity brand.
"PNB has the money and it is very doubtful it would allow others to outbid it," the analyst said, adding that with most analysts in favour of SP Setia's refusal to accept the offer, PNB may just relent.
Nomura research analysts Jacinda Loh and Raashi Gupta in their notes yesterday said if there is a competing party, it has to have solid enough financial backing and there is possibility it would end up not having full control.
"There are chances of a management buyout," they said.
On the chances of other major property players coming in to take over SP Setia, most analysts said it is very unlikely, given the current unfavourable economic condition.
"For a group as big as SP Setia, there is just too much cost involved," they said.
Tan said if PNB raises its offer and Liew accepts and leaves, it would be a disastrous turn of event unless PNB can find a replacement who is equally strong.
Kuala Lumpur: Permodalan Nasional Bhd (PNB) has defended its offer price for SP Setia Bhd and extended an olive branch to the board, which is resisting its bid to control the property firm.
The state-run fund manager offered RM3.90 a share and 91 sen for its warrants but the board, which includes president and chief executive Tan Sri Liew Kee Sin, said the bid fundamentally undervalues SP Setia.
PNB president and group chief executive officer Tan Sri Hamad Kama Piah Che Othman said many analysts had viewed the offer positively as it translates into a price earnings ratio of 19.8 times compared with Kuala Lumpur Property Index's 9.8 times.
"We have considered this offer from various angles, such as market conditions, the interest of stakeholders especially the minority shareholders," he said in a statement released here yesterday.
The statement explained the rationale for PNB's strong interest in the company which it regarded as a strong and well-run group with stellar performance.
SP Setia, it said, has continued to be one of the most profitable property players and is highly regarded by the investment community.
The market also views the company as having good returns po-tential, both in terms of dividend and capital gains and has outperformed the returns of the FTSE Bursa Malaysia KLCI in the past five years.
"The offer is in line with PNB's long-term strategy of enhancing its investments in the property sector ... having a strategic holding in SP Setia would further strengthen our portfolio," said Hamad Kama Piah.
He also expressed his confidence in the existing management team and PNB's wish is to work with them to continue to deliver value to shareholders.
"This is a synergistic collaboration that blends the entrepreneurial spirit of SP Setia and PNB's record as a strong and supportive long-term shareholder, which allows the management to have an undivided focus on maximising shareholders' value," he said.
PNB has been a long-term shareholder in SP Setia since 2000 and has been gradually increasing its stake to being the single largest shareholder since 2008.
Analysts have mixed views on the fair value of SP Setia, which ranges from a low of RM3.15 to a high of RM5.41.
They also don't think a rival bidder will emerge although SP Setia's board plans to look for one.
TA Securities senior property analyst Tan Kam Meng said in terms of financial muscle, only other government-linked funds will be able to compete with PNB.
"However, it makes no sense for these funds to bid since PNB has already controlled the 33 per cent stake," he said.
He added that should there be competing offers, based on SP Setia's current market value of RM6.9 billion, it would have to come from a group of investors.
"The premium offered by PNB is below our discounted free cash flow valuation of RM4.45 per share," he said.
Another analyst also said there is still a possibility of PNB raising its offer as plans to keep SP Setia listed is a recognition of its equity brand.
"PNB has the money and it is very doubtful it would allow others to outbid it," the analyst said, adding that with most analysts in favour of SP Setia's refusal to accept the offer, PNB may just relent.
Nomura research analysts Jacinda Loh and Raashi Gupta in their notes yesterday said if there is a competing party, it has to have solid enough financial backing and there is possibility it would end up not having full control.
"There are chances of a management buyout," they said.
On the chances of other major property players coming in to take over SP Setia, most analysts said it is very unlikely, given the current unfavourable economic condition.
"For a group as big as SP Setia, there is just too much cost involved," they said.
Tan said if PNB raises its offer and Liew accepts and leaves, it would be a disastrous turn of event unless PNB can find a replacement who is equally strong.
'Supermax cheaper exposure than Top Glove'
Top Glove Bhd and Supermax are the main beneficiaries of the expected fall in natural rubber latex price, says OSK Research.
In a research note today, OSK Research said it also sees Supermax as a cheaper exposure than Top Glove, since both share the closest product mix with the latter share price being three times more expensive.
"Although there is possibility of sales volume stagnating following the slowdown in the global economy, Supermax can still improve its profits by producing more higher end gloves such as dental and surgical grade gloves," it added.
OSK Research said besides producing more dental gloves, Supermax expects to ramp up its surgical glove production from 60 million pieces now to about 672 million pieces by December this year.
"We understand that there is a ready market for its product since its surgical glove is being sold five to six months forward," it added.
This surgical glove can contribute a margin of about 10-20 per cent higher compared to the basic examination glove.
"Our fair value for Supermax remains unchanged at RM5.50 and continue to like this company for its attractive valuation as well as operating in a recession resilient industry," OSK Research said. -- Bernama
In a research note today, OSK Research said it also sees Supermax as a cheaper exposure than Top Glove, since both share the closest product mix with the latter share price being three times more expensive.
"Although there is possibility of sales volume stagnating following the slowdown in the global economy, Supermax can still improve its profits by producing more higher end gloves such as dental and surgical grade gloves," it added.
OSK Research said besides producing more dental gloves, Supermax expects to ramp up its surgical glove production from 60 million pieces now to about 672 million pieces by December this year.
"We understand that there is a ready market for its product since its surgical glove is being sold five to six months forward," it added.
This surgical glove can contribute a margin of about 10-20 per cent higher compared to the basic examination glove.
"Our fair value for Supermax remains unchanged at RM5.50 and continue to like this company for its attractive valuation as well as operating in a recession resilient industry," OSK Research said. -- Bernama
OSK Research sees upside for Supermax, Top Glove
KUALA LUMPUR: OSK Research said with the expected fall in natural rubber latex price, it sees Top Glove and Supermax as the main beneficiaries.
It said on Friday, Sept 30 that it also sees Supermax as a cheaper exposure than Top Glove since they share the closest product mix and Top Glove’s share price is 3.0 times more expensive than Supermax.
“Going forward, Supermax expects to increase its higher end glove production which includes dental and surgical gloves. Maintain Buy,” it said.
It has a fair value of RM5.50 for Supermax which closed at RM2.50.
It said on Friday, Sept 30 that it also sees Supermax as a cheaper exposure than Top Glove since they share the closest product mix and Top Glove’s share price is 3.0 times more expensive than Supermax.
“Going forward, Supermax expects to increase its higher end glove production which includes dental and surgical gloves. Maintain Buy,” it said.
It has a fair value of RM5.50 for Supermax which closed at RM2.50.
Muhibbah gets RM100m shipbuilding contract from Tanjung Offshore
KUALA LUMPUR: MUHIBBAH ENGINEERING (M) BHD [] has secured a shipbuilding contract from TANJUNG OFFSHORE BHD [] to build a platform supply vessel (PSV) for a total of RM100 million.
It said on Friday, Sept 30 that its wholly owned subsidiary Muhibbah Marine Engineering Sdn Bhd had been awarded the contract by Tanjung’s unit Tanjung Kapal Services Sdn Bhd.
It said the PSV would be used to supply and support deepwater operations of oil majors in operational waters of South East Asia region on long term basis.
Muhibbah said the PSV would also be used for operations in unrestricted waters and was designed to perform transport drilling mud, cement, brine, base oil, diesel fuel and chemicals; transport of common and specialty tools; and fire fighting capabilities.
The company said the contract was expected to contribute positively to its earnings for the current and future financial years.
It said on Friday, Sept 30 that its wholly owned subsidiary Muhibbah Marine Engineering Sdn Bhd had been awarded the contract by Tanjung’s unit Tanjung Kapal Services Sdn Bhd.
It said the PSV would be used to supply and support deepwater operations of oil majors in operational waters of South East Asia region on long term basis.
Muhibbah said the PSV would also be used for operations in unrestricted waters and was designed to perform transport drilling mud, cement, brine, base oil, diesel fuel and chemicals; transport of common and specialty tools; and fire fighting capabilities.
The company said the contract was expected to contribute positively to its earnings for the current and future financial years.
非洲愛情騙子情書攻心‧8個月騙774熟女
（吉隆坡29日訊）今年首8個月，大馬共有774名女性墜入非洲騙子的愛情陷阱，被騙金額高達2千400萬令吉，或平均每人被騙3萬餘令吉。
警方揭露，受害者多為孤單熟女，寂寞的芳心容易被感人肺腑的情詩與情信攻陷，結果不自覺的踩進陷阱裡。
全國商業罪案調查總監拿督賽依斯邁披露，警方在搜查落網嫌犯的手提電腦時發現，電腦硬碟內儲藏許多白人帥哥的照片、情書、情詩以及一些能夠哄女人開心的經典對白；嫌犯卻主要是來自尼日利亞的黑人。
每日發送數百搭訕電郵
他說，這些對白、情書以及情詩都是針對一些缺少情人關愛的女性需求；騙子每天都通過面子書、Tagged以及Wayn等社交網站，向數以百計的潛在目標發送搭訕電郵。
“這些經過編排的對白已分門別類，根據不同時段如初識、熟稔以及相戀期的需求而設。”
他指出，一旦目標接受交友要求，騙徒就會通過交換照片、以及根據目標的興趣投其所好擄取芳心，之後再假藉要見面以及送禮，而騙取對方的聯絡號碼以及住家地址。
“當目標陷入騙局而不自覺時，愛情騙子就會假藉送出奢侈品，再利用執法當局扣押包裹為由，而反复詐騙對方的金錢，有些受騙者因此蒙受數十萬或上百萬令吉的損失。”
他說，當受騙者按照騙子指示將錢匯入一些指定銀行戶頭時，騙子在5分鐘之內就會將這些錢匯出國外，令受騙者損失慘重。
嫌犯利用學生身份避查
警方調查顯示，被捕的非洲愛情騙子多為只付學費卻從不上課的“大專生”，他們利用學生的身份，躲避警方偵查。
警方數據顯示，從2010年初至今年8月為止，警方共逮捕232涉嫌通過互聯網設局詐騙本地女性的尼日利亞騙子。
（星洲日報）
Stocks to watch 20110930: RHB Cap, OSK, Astino, Alam Maritim
KUALA LUMPUR: The strong flow of corporate news could provide some buying impetus to the market on Friday, Sept 30 as the third quarter draws to an end. However, again the external factors from the US and Europe would continue to influence buying interest.
On Wall Street, stocks erased early gains and the Nasdaq turned negative on Thursday as weakness in semiconductor shares weighed on the overall market and optimism over a German vote to beef up the euro zone's bailout fund faded.
The Dow Jones industrial average gained 122.72 points, or 1.11%, to 11,133.62. The Standard & Poor's 500 Index added 6.10 points, or 0.53%, to 1,157.16. But the Nasdaq Composite Index dropped 9.48 points, or 0.38%, to 2,482.10.
At Bursa Malaysia, among the stocks to watch are RHB CAPITAL BHD [] and OSK HOLDINGS BHD [], CIMB Group Holdings Bhd, ASTINO BHD [] and ALAM MARITIM RESOURCES BHD []. Eastern and Oriental Bhd will hold its shareholders’ meeting on Friday.
RHB Capital and OSK Holdings have submitted applications to Bank Negara Malaysia for approval to commence negotiations for a possible merger between the two groups. The plans were to start talks for a possible merger of businesses between the RHB banking group and OSK investment banking group.
Interestingly, MALAYAN BANKING BHD [] and CIMB had earlier indicated interest in RHB Capital but these plans were put on the backburner due to valuations.
In an unrelated development, CIMB said it was acquiring a 70% stake in SICCO Securities Public Company Ltd (SSEC) from the Siam Industrial Credit Public Company Limited (SICCO) for RM78.43 million cash.
As for Astino, its earnings surged to RM15.08 million in the fourth quarter ended July 31, 2001 from only RM1.37 million a year ago following an improvement in demand for its PVC doors and metal roof sheeting. Revenue rose 28.5% to RM115.60 million from RM89.90 million mainly due to the increase in the demand of the group’s products. Earnings per share were 11.40 sen compared with 1.08 sen.
For the financial year ended July 31, its net profit rose 69.3% to RM34.92 million from RM20.62 million a year ago. Its revenue increased 25.1% to RM419.17 million from RM334.83 million.
Alam Maritim secured two contracts to provide vessels with a total value of RM32 million. Its unit Alam Maritim (M) Sdn Bhd had received letters of contract extension from Petronas Carigali Sdn Bhd to provide two anchor handling tug supply vessels valued at RM23.32 million. Its unit also received a letter of award from Dayang Enterprise Sdn Bhd to provide one workboat valued at RM8.68 million.
TENAGA NASIONAL BHD [] (TNB) says it has no knowledge of any plan to break up the power company into three units to reform the energy sector. It said this “was never discussed with TNB and that TNB has no knowledge of this matter”.
VS Industry could see some selling pressure after it posted net losses of RM3.95 million in the fourth quarter ended July 31, 2011 following a writedown in the assets of its Indonesian subsidiary compared with net profit of RM9.28 million a year ago. For the financial year ended July 31, 2011, earnings rose 14.1% at RM27.72 million compared with RM24.29 million in FY10.
On Wall Street, stocks erased early gains and the Nasdaq turned negative on Thursday as weakness in semiconductor shares weighed on the overall market and optimism over a German vote to beef up the euro zone's bailout fund faded.
The Dow Jones industrial average gained 122.72 points, or 1.11%, to 11,133.62. The Standard & Poor's 500 Index added 6.10 points, or 0.53%, to 1,157.16. But the Nasdaq Composite Index dropped 9.48 points, or 0.38%, to 2,482.10.
At Bursa Malaysia, among the stocks to watch are RHB CAPITAL BHD [] and OSK HOLDINGS BHD [], CIMB Group Holdings Bhd, ASTINO BHD [] and ALAM MARITIM RESOURCES BHD []. Eastern and Oriental Bhd will hold its shareholders’ meeting on Friday.
RHB Capital and OSK Holdings have submitted applications to Bank Negara Malaysia for approval to commence negotiations for a possible merger between the two groups. The plans were to start talks for a possible merger of businesses between the RHB banking group and OSK investment banking group.
Interestingly, MALAYAN BANKING BHD [] and CIMB had earlier indicated interest in RHB Capital but these plans were put on the backburner due to valuations.
In an unrelated development, CIMB said it was acquiring a 70% stake in SICCO Securities Public Company Ltd (SSEC) from the Siam Industrial Credit Public Company Limited (SICCO) for RM78.43 million cash.
As for Astino, its earnings surged to RM15.08 million in the fourth quarter ended July 31, 2001 from only RM1.37 million a year ago following an improvement in demand for its PVC doors and metal roof sheeting. Revenue rose 28.5% to RM115.60 million from RM89.90 million mainly due to the increase in the demand of the group’s products. Earnings per share were 11.40 sen compared with 1.08 sen.
For the financial year ended July 31, its net profit rose 69.3% to RM34.92 million from RM20.62 million a year ago. Its revenue increased 25.1% to RM419.17 million from RM334.83 million.
Alam Maritim secured two contracts to provide vessels with a total value of RM32 million. Its unit Alam Maritim (M) Sdn Bhd had received letters of contract extension from Petronas Carigali Sdn Bhd to provide two anchor handling tug supply vessels valued at RM23.32 million. Its unit also received a letter of award from Dayang Enterprise Sdn Bhd to provide one workboat valued at RM8.68 million.
TENAGA NASIONAL BHD [] (TNB) says it has no knowledge of any plan to break up the power company into three units to reform the energy sector. It said this “was never discussed with TNB and that TNB has no knowledge of this matter”.
VS Industry could see some selling pressure after it posted net losses of RM3.95 million in the fourth quarter ended July 31, 2011 following a writedown in the assets of its Indonesian subsidiary compared with net profit of RM9.28 million a year ago. For the financial year ended July 31, 2011, earnings rose 14.1% at RM27.72 million compared with RM24.29 million in FY10.
Thursday, September 29, 2011
PNB launches takeover of S P Setia
KUALA LUMPUR: S P Setia Bhd, the country’s second largest property firm by market capitalisation, is the latest to be swept off the private property sector with the takeover offer by its parent Permodalan Nasional Bhd (PNB).
It is the second transaction in the real estate industry related to PNB, after Sime Darby Bhd’s proposed acquisition of 30% stake in Penang-based Eastern & Oriental Bhd just last month. PNB owns 48.1% in Sime.
Trading in S P Setia shares was suspended yesterday to facilitate the exercise, but the stock rallied nearly 13% or 40 sen to RM3.50 on heavy trading just the day before, ahead of the news. The exercise confirmed an exclusive front-page report in The Edge Financial Daily yesterday.
In a notice yesterday, PNB extended a conditional takeover to acquire for cash all S P Setia shares at RM3.90 per share and warrants at 91 sen per unit.
Meanwhile, in response, S P Setia said it will invite counter bids from other parties as it views the offer by PNB “fundamentally undervalues” the developer.
“The board has met to consider the offer and is of the view, based on external valuations of the company by investment analysts published before receipt of the offer, that the offer fundamentally undervalues the company”, it said in a statement to Bursa Malaysia.
“The board will also be writing to the offeror to enquire whether they are interested in revising the offer price upwards to reflect a price which is closer to the fair value of S P Setia,” it added.
The company said the decisions were taken at an emergency board meeting convened yesterday with the unanimous vote of all board members present save for Tan Sri Wan Mohd Zahid Mohd Noordin who is an interested director.
It said Wan Mohd Zahid and Datuk Noor Farida Mohd Ariffin, both deemed connected to the offeror, will abstain from deliberating and voting at all the relevant board meetings in relation to the offer.
S P Setia plans to appoint an independent adviser in relation to the offer, and advised shareholders not to take any action until receipt of the independent advice circular.
The offer is conditional upon PNB receiving more than 50% of the voting shares of S P Setia. It currently has a 33.17% stake in the property developer. It was launched after PNB and parties acting in concert acquired a total of 3.07 million shares from the open market on Tuesday at prices ranging from RM3.16 to RM3.50 per share. This raised their stake from 32.99% to 33.17%, triggering the general offer.
The purchases accounted for 41% of that day’s trading volume of 7.4 million shares.
PNB can easily achieve the threshold if the Employees Provident Fund, which controls a 13.42% stake and Kumpulan Wang Persaraan (KWAP) which holds 5%, accept the offer, as it would end up with 51.59%.
This could also mean that PNB may not even need the nod of other shareholders, including that of Tan Sri Liew Kee Sin’s. Liew owns 11.26% of S P Setia.
As at Aug 31, before the recent market sell-off, S P Setia had a foreign shareholding of 21%. With the exit of foreign investors and uncertainties over the company’s future leadership and management direction, analysts say many of them could be inclined to accept PNB’s offer.
If the proposal goes through, this could effectively turn S P Setia, an epitome of successful entrepreneurial drive, to a government-linked entity.
While PNB intends to keep S P Setia listed post-takeover, the big question remains: will Liew exit and will its management be revamped?
Liew has declined to give a statement on the matter.
A MIDF property analyst said this is a concern given S P Setia’s reputation today is owed to the current management of the company.
“Investors’ decision (on whether to hold onto S P Setia shares) will very much depend on whether or not the management will be the current guys.
“Because if you look at S P Setia’s current products like Setia Alam and its landbank; they need that kind of management to achieve such a reputation that was built over years and years,” he said.
Affin Investment Bank property analyst Isaac Chow said although the offer price translates into a marginal premium to S P Setia’s estimated real net asset value of RM4, it can present a good opportunity for investors to cash out against a dismal market outlook.
“We are just curious on the future plans and direction of the company,” he added.
The proposal follows PNB and parties-in-concert’s acquisition. The offer price is at a premium of 11.4% to S P Setia’s closing price of RM3.50 on Tuesday, a 21% premium to the five-day volume weighted average price (VWAP) and a 15% premium to the one-month VWAP of S P Setia shares.
The offer price for the warrants translates into a premium of about 98% to Tuesday’s closing price and 116% to the five-day VWAP.
With net assets per share of RM1.81 as at July 31, the RM3.90 offer translates to a price-to-book ratio of 2.15 times.
For the nine months to July 31, S P Setia chalked up net profit of RM245.5 million, or 14.6 sen per share, on the back of RM1.6 billion in revenue.
PNB is no stranger to the real estate scene given its holdings in both listed and unlisted entities. S P Setia is possibly its biggest investment in the sector so far.
The few PNB listed property firms that have been de-listed include Island & Peninsular Bhd, Austral Enterprises Bhd and Pelangi Bhd.
In the event PNB plans to consolidate its property firms, including S P Setia, the merged entity can possibly become the country’s largest property group by market capitalisation.
S P Setia will be the latest to join the foray of acquisitions led by the government-linked companies in private property sector.
Last year, government-linked UEM Land Bhd acquired Sunrise Bhd to create the country’s largest property development company by market capitalisation.
By comparison, Sunrise, which was acquired at RM2.80 plus a 20 sen dividend to shareholders, was priced at 1.32 times its net assets per share of RM2.28 as at Sept 30, 2010, before the takeover was announced.
50%股东批准轻而易举 国投敌意收购实达？
（吉隆坡29日讯）大股东国民投资机构（PNB）收购实达集团（SPSETIA，8664，主板产业股）的献议，要达到50%股东批准的门槛可说是轻而易举，分析员认为该举动可视为敌意收购。
黄氏唯高达研究分析员认为，由于能轻易获得至少50%股权的股东接受，国投对实达集团的收购献议，可视为一项敌意收购。
目前，国投持有实达集团的7.93%股权，此外，土著信托基金、公积金局，以及公务员退休基金，则分别持有20.68%、13.42%、5%，因此，官联基金的持股权总和已达47.03%。
“国投的3.90令吉强制性全面收购献议，主要是从市况趋弱时吸取好处。”
他说，随着雇员公积金局和公务员退休基金（KWAP）共联合持股18%，要获的50%股权股东接受这献议的可能性很高。
目前，实达集团总裁兼总执行长丹斯里刘启盛持股11.26%，外资持股权为21%。
分析员指出，国投的献购价比5.11令吉实际净资产价值低24%，从而在现有的弱市中吸取好处。
“相对于最后闭市价，这献购价的溢价为11%，低于大马产业市场过去私有化和并购活动的14%至31%溢价区间。”
他补充，一旦成功收购实达集团，后者将会成为国投整合旗下所有产业发展业务的工具。
分析员：RM3.90献购价合理
虽然实达集团认为大股东国民投资机构3.90令吉的献购价太低，不过，大部分分析员都认为价格合理。
不过，一旦收购成功，甚至撤换实达集团现有管理层，将对该产业集团的基本价值及品牌造成很大的冲击。
国投昨日正式提出每股3.90令吉以及每凭单91仙的收购献议，惟实达集团董事部认为公司的基本面被低估，将要求国民投资机构考虑上调献购价，以及找寻其他更有竞争力的替代收购献议。
根据侨丰投资研究分析员，以每股3.90令吉的献购价，实达集团的市值是大约69亿4000万令吉，而国投将需要46亿3800万令吉来收购它尚未持有的股权。
溢价11.4%
相对于实达集团在9月28日每股3.50令吉闭市价，该献购价的溢价为11.4%。
分析员说：“这献购价相当大方。3.90令吉相等于2012财年2.25倍的账面价值比例（PBV），稍微超越实达集团过去5年的2.22倍平均账面价值比例。”
“这献购价也等于2012财年每股盈利的23.1倍本益比，超越市场的18.04倍本益比预测，以及实达集团的19.28倍5年历史本益比。”
同时，该献购价只比分析员的3.97令吉目标价低约1.76%；整体上，他认为该价格很合理，投资者应该接受这献议。
股票流通率料降
“随着实达集团认为该献购价低估公司的价值，我们不排除国投再调高献购价，以及其他方面提出更高价收购献议的可能性。”
同样认为该献购价合理的艾芬投资研究分析员说：“我们看好实达集团强劲的管理层、股票品牌和策略性地库之际，我们相信3年的产业上涨周期可能已见顶。”
“投资者或许应该接受这个献议，以便以0.98倍实际净资产价值（RNAV）来释放公司的价值，然后使用这资金来投资其他上市发展商，尤其是股价和估值受现有负面市况严重冲击的公司。”
丰隆投资研究分析员则预计，一旦国投或其他方成功全面收购但维持实达集团的上市地位，实达集团的股票流通量已无法维持在之前的水平，这促使投资者找寻其他投资选择。
刘启盛团队去留引关注
肯南嘉投资研究分析员指出，一旦这收购计划成功进行，而实达集团现有由刘启盛领导的管理团队退出，该集团的基本价值和品牌将大幅萎缩。
他解释道：“实达集团主要卖点一直是其管理团队，及有能力将非主要地段，转化为繁荣的产业发展热点。”
“目前，管理层的去向还不明确，因一切依国投对该公司的未来发展计划而定。对此，我们正找寻进一步的指标。”
控制权引发竞争
此外，他也相信，即使现有管理团队继续任职，一旦国投持有大部分股权（如超过51%），实达集团控制权事宜仍是另一问题。
实达股价涨逾10%
国投收购献议，激励实达集团股价周四全日攀升超过10%。
实达集团在周三暂停交易，今天恢复交易时，早盘以3.78令吉，涨28仙或8%报开，之后更数度增长10.86%或38仙至3.88令吉，最终以3.87令吉，扬10.57%或37仙结束早盘交易。
周四闭市时，该股报3.87令吉，起37仙或10.57%，成交量达3786万8200股。
热股技术点评:下跌股 依恩奥RM1.33支撑
依恩奥的股价趋势经于9月28日间在卖压下陷入回调走势中，开始调整了，它的日线股价趋势跌破1.45令吉支撑后以1.43令吉报收，按日跌5仙或3.38%。它的短期股价趋势或会于1.33-1.42令吉间取得应有的支撑。
欧债危机影响出口 我国商品空运量跌20%
（槟城29日讯）欧洲金融及债券市场局势动荡，当地商家看淡市场减少对商品的入口连带影响市场放缓，我国的空运业也受冲击，今年截至首8个月我国整体空运量下滑20%。
欧洲商家因该区域多国陷入国家债务违约减少进口商品，不仅对大马的空运业造成打击，也殃其他国家的空运业者。
马航订4机拓市场
由于欧洲市场空运量受影响，作为我国空运业巨头的马航子公司马航货运（MASKargo），已计划配合向空中巴士（Airbus）公司订购的4架空巴A330-200F型客机，在2012年4月悉数交机后，将积极开拓亚洲、东南亚，以及俄罗斯和周边国家的空运市场。
马航货运有限公司（营业管理与商业联盟）高级副总裁贾马鲁丁于昨晚在槟城马航货运中心迎接从日本成田国际机场运载18吨货物首次飞抵峇六拜槟城国际机场的该公司新订空巴A330-200F货机后，在记者会上受询时这么指出。
在场者尚包括马航货运（货运操作）高级副总裁依布拉欣莫哈末及北马区高级营业经理阿末洛曼。
业绩料比去年逊色
贾马鲁丁说，虽然马航货运的欧洲空运量保持，不过由于从今年1月至8日全马的空运量因受欧洲市场放缓而滑跌20%，今年平淡无奇的业绩表现料将比2010年全年逊色。
他说，尽管美国不是马航货运的主要市场，但该公司仍积极寻找新商机，包括看好接下来的圣诞节及元旦新年，欧美市场将会恢复买气，届时空运需求量有望上升。
报道：陈富全
[南洋商报]
欧洲商家因该区域多国陷入国家债务违约减少进口商品，不仅对大马的空运业造成打击，也殃其他国家的空运业者。
马航订4机拓市场
由于欧洲市场空运量受影响，作为我国空运业巨头的马航子公司马航货运（MASKargo），已计划配合向空中巴士（Airbus）公司订购的4架空巴A330-200F型客机，在2012年4月悉数交机后，将积极开拓亚洲、东南亚，以及俄罗斯和周边国家的空运市场。
马航货运有限公司（营业管理与商业联盟）高级副总裁贾马鲁丁于昨晚在槟城马航货运中心迎接从日本成田国际机场运载18吨货物首次飞抵峇六拜槟城国际机场的该公司新订空巴A330-200F货机后，在记者会上受询时这么指出。
在场者尚包括马航货运（货运操作）高级副总裁依布拉欣莫哈末及北马区高级营业经理阿末洛曼。
业绩料比去年逊色
贾马鲁丁说，虽然马航货运的欧洲空运量保持，不过由于从今年1月至8日全马的空运量因受欧洲市场放缓而滑跌20%，今年平淡无奇的业绩表现料将比2010年全年逊色。
他说，尽管美国不是马航货运的主要市场，但该公司仍积极寻找新商机，包括看好接下来的圣诞节及元旦新年，欧美市场将会恢复买气，届时空运需求量有望上升。
报道：陈富全
[南洋商报]
可导致失忆和脑水肿 吃催熟水果会精神错乱
（槟城29日讯）吃水果原是有益健康的，不过市面上充斥催熟的水果，却可能令消费者付出精神错乱，甚至失忆和脑水肿的代价。
孕妇吃后会生怪胎
槟城消费人协会揭露，国内不少水果贩和批发商都任意使用有毒的化学品来催熟各种水果。其中，有关化学品可引发神经疾病，造成麻刺感、麻痹及周围神经病症，孕妇吃了用臭电催熟的水果，可能生下畸形的孩子。
该会主席莫哈末依里斯指出，根据该会调查，国人正在食用含有微量砒霜和磷的臭电（碳化钙）水果，这是因为水果贩和批发商都任意使用臭电催熟各种水果，如香蕉、芒果、黄梨和木瓜等，一些农民及贩商更在接受该会调查时承认此事。
“据一位农民说，他用200克臭电来催熟30公斤芒果。
他用报纸把臭电包住，连同芒果放进一个箱子。
“一个卖炸香蕉的小贩说，他向农民买便宜的生香蕉，把香蕉和一些臭电石放进一个箱子，所有的香蕉会在24小时内成熟。”
他是在周四召开的记者会上这样说，不过他拒绝透露更多调查的细节，仅表示全国各地都发生类似事情。
槟消协：农产品勿重量不重质
莫哈末依里斯透露，槟城消费人协会早在36年前，即1975年，就已向当局提起这项广泛危害健康的问题，惟农业部及原产部和卫生部没有采取任何行动。
印度禁臭电催熟水果
“农业部及原产业部不应只专注提高生产率，也应关注农产品安全。生产更多农产品但不安全又有什么用呢？农业部及原产业部应停止鼓励农民采用农药、化肥和其他化学品。”
他说，其他国家是禁止用臭电催熟水果的，其中，印度的“预防食品掺杂法令”禁止使用臭电催熟水果，违法者可判坐牢六个月和罚款，但在我国却被任意使用。
与会上，他也说，该会除了呼吁卫生部和农业部与原产业部禁止使用臭电外，也声明民众绝对有权利就卫生部及农业部不采取行动，起诉当局。
消费人须注意以下各点
1. 不要选择外表美的水果，它可能对健康不利。颜色均匀的水果，如一梳颜色均匀的香蕉，很可能就是人工催熟的。
2. 水果要完全洗干净才吃。把水果放在水龙头底下冲洗几分钟，以便洗净所有的化学品。
3. 不买非生产季节的水果，因为很可能是人工催熟的。
4. 吃芒果和木瓜，要先去皮才切成小片。
如何辨认催熟水果
1. 果皮色泽美、果肉柔软，但味道比较差。
2. 存放期比较短。
3. 人工催熟的香蕉，外皮虽然是黄色，果肉却还没熟，或还是生涩的。
以农立业:病病不要来
橡树的拉丁学名 Hevea brasiliensis，油棕 Elceis guineensis。第二个字的种名，顾名思义，橡树最早在南美洲巴西发现，油棕最早则在非洲几内亚发现。
橡树和油棕自然生长在森林内陆或河岸，经过若干年的研究和开发乃成了今日推进世界文明的一股无形力量－－植物的经济力量。
橡胶和油棕在它们的原产地，开始时正常生长，到有规模的商业种植后，病菌大量繁殖、适应、变化、从普通的真菌变成可怕作物杀手。
危害橡树最大的是南美洲落叶病；油棕的则是非洲镰刀菌枯萎病。
这二种病几十年来，没有侵犯移居东南亚的“至亲”，奇怪，幸运！
联国多次办工作营
对于橡树的南美落叶病我们知之甚多，因为早年马来西亚橡胶局在南美洲设有研究所，专门研究这病害，笔者幸为主持人，我们要防止病菌入侵，联合国粮农组织主办了多次工作营，让橡胶生产国了解病害的病征、受病虫感染及防治，联合国粮农组织出版了一本厚厚的橡胶南美落叶病报告，笔者有幸参与起草。
油棕的镰刀菌枯萎病在中非和西非发生，影响油棕产量。
有关枯萎病的报告来自刚果民主共和国、科特迪瓦、尼日利亚、喀麦隆、加纳等国，巴西和厄瓜多尔的棕油园也已发现。
有迹象显示镰刀菌枯萎病已在油棕种植国传染开来。病菌极可能随着受感染的种植用种籽传播。
大马油棕局从非洲引进不少油棕种籽作育种用，所幸我们尚未发现枯萎病。
有解释认为大马原有的镰刀菌品种，有抑制非洲镰刀菌的能力；另一方面，在以本地多菌制胜的情况下，非洲的品种无能为力。
镰刀菌枯萎病的菌孢子存在于空气中，在泥土里。油棕叶片可染病，树根也可染病。但实验显示，致病能力弱的本土镰刀菌先轻微的在树根致病，树根受到攻击而产生抗体防止镰刀菌枯萎病菌侵害。
无论如何，检疫部门应严格把关，防止枯萎病入侵于万一。
油棕现时有难以控制的基腐病，我们束手无策，别再来一个烫手山芋。
朱乾海博士 橡胶研究专家
[南洋商报]
橡树和油棕自然生长在森林内陆或河岸，经过若干年的研究和开发乃成了今日推进世界文明的一股无形力量－－植物的经济力量。
橡胶和油棕在它们的原产地，开始时正常生长，到有规模的商业种植后，病菌大量繁殖、适应、变化、从普通的真菌变成可怕作物杀手。
危害橡树最大的是南美洲落叶病；油棕的则是非洲镰刀菌枯萎病。
这二种病几十年来，没有侵犯移居东南亚的“至亲”，奇怪，幸运！
联国多次办工作营
对于橡树的南美落叶病我们知之甚多，因为早年马来西亚橡胶局在南美洲设有研究所，专门研究这病害，笔者幸为主持人，我们要防止病菌入侵，联合国粮农组织主办了多次工作营，让橡胶生产国了解病害的病征、受病虫感染及防治，联合国粮农组织出版了一本厚厚的橡胶南美落叶病报告，笔者有幸参与起草。
油棕的镰刀菌枯萎病在中非和西非发生，影响油棕产量。
有关枯萎病的报告来自刚果民主共和国、科特迪瓦、尼日利亚、喀麦隆、加纳等国，巴西和厄瓜多尔的棕油园也已发现。
有迹象显示镰刀菌枯萎病已在油棕种植国传染开来。病菌极可能随着受感染的种植用种籽传播。
大马油棕局从非洲引进不少油棕种籽作育种用，所幸我们尚未发现枯萎病。
有解释认为大马原有的镰刀菌品种，有抑制非洲镰刀菌的能力；另一方面，在以本地多菌制胜的情况下，非洲的品种无能为力。
镰刀菌枯萎病的菌孢子存在于空气中，在泥土里。油棕叶片可染病，树根也可染病。但实验显示，致病能力弱的本土镰刀菌先轻微的在树根致病，树根受到攻击而产生抗体防止镰刀菌枯萎病菌侵害。
无论如何，检疫部门应严格把关，防止枯萎病入侵于万一。
油棕现时有难以控制的基腐病，我们束手无策，别再来一个烫手山芋。
朱乾海博士 橡胶研究专家
[南洋商报]
年收3.2萬公斤電子廢料‧檳城舊電腦換現金券
（檳城29日訊）科技時代駕到，家家戶戶都不缺個人電腦或手提電腦，造成電子廢料與日俱增。作為舊電腦回收先鋒隊的檳州環境工作隊（PEWOG）近年更積極推動“電子廢料回收計劃”，在許多組織的響應下，檳州已達到每年3萬2000公斤的回收目標。
在週五（9月30日）中午過後，檳城人民將可享用另一個資源回收站所提供的服務，屆時，公眾可以將電子廢料換成現金，只要他們把丟棄的電子配備，如手提電腦、電腦中央處理器、滑鼠、打印機、顯示器、鍵盤、手機、電纜及電池等拿到檳城光大電子城，他們就可換取現金禮券，既環保又節省，可說是一舉兩得。
減少亂丟棄廢料量
這也顯示已有越來越多組織加入屬環保運動之一的電子廢料回收活動，不再隨地丟棄舊電腦，以致電子廢料殘餘物污染地球。
檳州環境工作隊主席王賢智醫生週四向《光明日報》指出，該工作隊是在2004年開始推行電子廢料回收計劃，以期平民百姓可以把舊電腦送到指定的回收站，從中減少電子廢料被任意丟棄的數量。
“由於當年完全沒有回收電子廢料組織，因此，該計劃在初期幾年平均每年回收到1萬1000公斤的二手電腦，突顯大眾對電子廢料處理的醒覺度。”
他說，到了後期，由於越來越多組織推行回收電子廢料活動，該工作隊每年所收到的二手電腦數量即降至8000公斤，但基於電子廢料的回收已普及化，所以，檳威兩地的舊電腦回收量陸續增至每年3萬2000公斤。
“雖然如此，工作隊卻不會因此而停歇，並堅持環保工作不能停頓的信念，以繼續開拓更多回收站，方便大眾把二手電腦送到住宅區附近的回收站。”
“只要大眾瞭解到電子廢料回收的重要性，他們就會查詢回收站的所在地，即使回收站並非設在他們的住宅區裡，他們也會把舊電腦載送到較遠處的回收站。”
他披露，該隊的電子廢料回收計劃是由州政府主催，並獲得檳島市政局、IRM電腦回收工業私人有限公司、陽光購物商場及戴爾（DELL）的支持。
“在舊電腦回收計劃下，IRM將以每公斤50仙的購物禮券回饋公眾，大眾屆時可持著禮券到陽光商場消費。”
需掌握處理廢料常識
檳州環境工作隊主席王賢智披露，雖然檳州環境工作隊有意設立更多舊電腦回收站，但必須事先進行人力培訓，讓回收站的負責人掌握處理二手電腦的常識，以免電子廢料殘餘物外泄，以致污染環境。
他也意識到社區回收站不多的問題，不過，他說，該隊在培訓人力之際面對資金短缺，以及爭取不到州政府撥款的窘境，因此，他們才會在在增設回收站時裹足不前。
新設舊電腦回收站在哪裡？
◆檳城痙攣兒童協會會所（每日上班時段開放）
◆峇央峇魯睦鄰原則計劃中心（每日上班時段開放）
◆愛蓮園睦鄰計劃中心（每月第4個週日上午10時至中午12時）
[光明日報]
European Stocks Advance After Data on U.S. Jobs, Growth Exceed Forecasts
European stocks rose, erasing earlier losses, as U.S. reports showed claims for unemployment benefits fell more than forecast last week and the economy grew faster than estimated in the second quarter.
BNP Paribas (BNP) SA and UBS AG (UBSN) led gains in banking shares, adding more than 5 percent, as German lawmakers approved an expansion of the euro-area bailout fund. Hennes & Mauritz AB (HMB) surged 6.1 percent after Europe’s second-largest clothing retailer reported earnings that beat analyst estimates.
The Stoxx Europe 600 Index climbed 1.3 percent to 230.39 at 2:58 p.m. in London, having earlier dropped as much as 0.7 percent. The measure is heading for its worst quarter since 2008, having fallen 16 percent amid concern global economic growth is slowing and policy makers are struggling to contain the European debt crisis. The gauge has dropped 3 percent this month following a 10 percent slump in August.
“U.S. data is providing a positive surprise to support a bounce in stocks,” said Daniel Weston, a portfolio adviser at Schroeder Equities GmbH in Munich. “Europe is showing glimmers of hope for political certainty.”
A report today showed a revised 1.3 percent increase in U.S. gross domestic product in the second quarter, compared with a 1 percent gain previously calculated. The median forecast of economists surveyed by Bloomberg News was for 1.2 percent growth, following a 0.4 percent increase in the first three months of the year.
Jobless Benefits
Applications for jobless benefits dropped by 37,000 in the week ended Sept. 24 to 391,000, the fewest since April, Labor Department figures showed. Economists had forecast 420,000 claims, according to the median estimate in a Bloomberg survey.
Germany’s lower house of parliament approved the expansion of the European bailout fund, the European Financial Stability Facility, today in Berlin. Lawmakers in the Bundestag voted 523 in favor of the legislation, while 85 voted against; three abstained. The legislation is set to be debated and set to a non-binding vote in the upper house, or Bundesrat, tomorrow.
“Policy makers will eventually be able to engineer an ‘orderly’ Greek default and the euro will survive,” Michala Marcussen, the Paris-based global head of economics at Societe Generale SA, wrote in a report today. “The economic costs of the alternatives are simply too high. This will require further steps down the road to fiscal federalism.”
Benchmark Indexes
National benchmark indexes climbed in every western European market, except Greece and Iceland. Germany’s DAX surged 1.7 percent, France’s CAC 40 advanced 1.8 percent and the U.K.’s FTSE 100 rose 0.4 percent.
BNP Paribas, France’s biggest bank, rallied 7.6 percent to 31.90 euros and UBS, Switzerland’s largest bank, advanced 5.1 percent to 11.57 francs. Banking shares were the best performers in the Stoxx 600 today, climbing 3.5 percent.
H&M advanced 6.1 percent to 207.80 kronor. Operating profit fell 17 percent to 4.71 billion kronor ($700 million) in the three months ended Aug. 31, Stockholm-based H&M said today. The average of 17 analyst estimates compiled by Bloomberg was 4.35 billion kronor. The gross margin narrowed to 58.6 percent from 60.5 percent a year earlier, beating the 57.8 percent average estimate.
BNP Paribas (BNP) SA and UBS AG (UBSN) led gains in banking shares, adding more than 5 percent, as German lawmakers approved an expansion of the euro-area bailout fund. Hennes & Mauritz AB (HMB) surged 6.1 percent after Europe’s second-largest clothing retailer reported earnings that beat analyst estimates.
The Stoxx Europe 600 Index climbed 1.3 percent to 230.39 at 2:58 p.m. in London, having earlier dropped as much as 0.7 percent. The measure is heading for its worst quarter since 2008, having fallen 16 percent amid concern global economic growth is slowing and policy makers are struggling to contain the European debt crisis. The gauge has dropped 3 percent this month following a 10 percent slump in August.
“U.S. data is providing a positive surprise to support a bounce in stocks,” said Daniel Weston, a portfolio adviser at Schroeder Equities GmbH in Munich. “Europe is showing glimmers of hope for political certainty.”
A report today showed a revised 1.3 percent increase in U.S. gross domestic product in the second quarter, compared with a 1 percent gain previously calculated. The median forecast of economists surveyed by Bloomberg News was for 1.2 percent growth, following a 0.4 percent increase in the first three months of the year.
Jobless Benefits
Applications for jobless benefits dropped by 37,000 in the week ended Sept. 24 to 391,000, the fewest since April, Labor Department figures showed. Economists had forecast 420,000 claims, according to the median estimate in a Bloomberg survey.
Germany’s lower house of parliament approved the expansion of the European bailout fund, the European Financial Stability Facility, today in Berlin. Lawmakers in the Bundestag voted 523 in favor of the legislation, while 85 voted against; three abstained. The legislation is set to be debated and set to a non-binding vote in the upper house, or Bundesrat, tomorrow.
“Policy makers will eventually be able to engineer an ‘orderly’ Greek default and the euro will survive,” Michala Marcussen, the Paris-based global head of economics at Societe Generale SA, wrote in a report today. “The economic costs of the alternatives are simply too high. This will require further steps down the road to fiscal federalism.”
Benchmark Indexes
National benchmark indexes climbed in every western European market, except Greece and Iceland. Germany’s DAX surged 1.7 percent, France’s CAC 40 advanced 1.8 percent and the U.K.’s FTSE 100 rose 0.4 percent.
BNP Paribas, France’s biggest bank, rallied 7.6 percent to 31.90 euros and UBS, Switzerland’s largest bank, advanced 5.1 percent to 11.57 francs. Banking shares were the best performers in the Stoxx 600 today, climbing 3.5 percent.
H&M advanced 6.1 percent to 207.80 kronor. Operating profit fell 17 percent to 4.71 billion kronor ($700 million) in the three months ended Aug. 31, Stockholm-based H&M said today. The average of 17 analyst estimates compiled by Bloomberg was 4.35 billion kronor. The gross margin narrowed to 58.6 percent from 60.5 percent a year earlier, beating the 57.8 percent average estimate.
併購價常談不攏‧產業整合難掀熱潮
（吉隆坡29日訊）市場驚恐、政策風險等利空壓低產業股的估值，股價普遍比重估淨資產值（RNAV）低15至70%，誘使買家爭相覬覦，不過，由於併購價格談判不易，新一輪整合風或不易成形。
國民投資公司昨日宣佈全面獻購實達集團（SPSETIA，8664，主板產業組），反映出產業股的賣壓過重而面對低估，為有意併吞對手的產業公司帶來良機。
部份分析員估計，在估值挫低下，產業領域可能出現併購潮。不過，也有分析員認為，近期連串計劃純屬個案，產業領域並未出現整合風。
豐隆研究指出，目前名單中產業公司的股價普遍比重估淨資產值（RNAV）低15至70%，可能引來其他業者的覬覦。
興業研究則持相反意見。該行認為，以年初馬資源（MRCB，1651，主板建筑組）和怡保置地（IJMLAND，5215，主板產業組）合併談判破裂來看，近期產業公司的整合計劃並未刮起併購風，主要以個案居多。
“產業股的估值依然以未來6個月的基本面為準，而非併購課題。”
該行指出，對投資者來說，產業股目前不算便宜，不過股權集中的公司可能吸引投資者的關注。
怡保置地全購傳言熱
“實達的獻購可能重新引發投資者對怡保置地的購興。由於怡保工程（IJM，3336，主板建筑組）在怡保置地持股高達66%，展開全面獻購的傳言甚囂塵上。”
該行維持產業領域的減碼評級，估計該領域可能比其他行業更早觸底。
“產業市場受到全球經濟展望、政策、利率、游資等條件變化的衝擊。”
實達獻購案影響大
對於實達獻購案對產業領域的影響，聯昌研究指出，粗略估計，實達控制巴生河流域和柔佛產業市場的30%分額，並在大馬首推5/95融資、3年擔保等創新措施，也積極推出新產業計劃，在銷售額和盈利方面都為國內產業公司帶來壓力，一旦股權或管理層出現變動，勢必為產業市場帶來顯著衝擊。
不過，這對其他產業公司而言不算太壞，因為投資者若脫售實達，可能改買其他產業股，而且產業公司面對的競爭也會減少。鑒於上述理由，聯昌研究建議投資者留意馬星集團（MAHSING，8583，主板產業組）和UEM置地（UEMLAND，5148，主板產業組）。
[星洲日報／財經]
SP Setia rejects PNB offer
Kuala Lumpur: SP Setia Bhd said Permodalan Nasional Bhd's (PNB) takeover offer "fundamentally undervalues" the property developer and it will seek rival bidders.
It will also ask PNB, its single biggest shareholder with 33.17 per cent, to raise its offer price.
PNB offered RM3.90 per share and 91 sen for its warrants. SP Setia shares last closed at RM3.50, while its warrants ended at 46 sen. The counters were suspended yesterday and will resume trade today.
SP Setia said it reached its decision of not accepting PNB's offer after reviewing external valuations by investment analysts.
The unanimous decisions were taken at an emergency board meeting yesterday, save for Tan Sri Dr Wan Mohd Zahid Mohd Noordin, who is an interested director.
" ... the board, in the exercise of its fiduciary duties to protect the interests of minority shareholders, has decided to seek a competing offer from other interested parties to make an offer to purchase the company's shares.
"The board will also be writing to the offeror to enquire whether they are interested in revising the offer price upwards to reflect a price which is closer to the fair value of SP Setia," it said in a statement to Bursa Malaysia.
The board is also hiring an independent adviser to advise directors and shareholders of SP Setia. It asked shareholders not to do anything until they receive the independent advice circular.
Maybank Investment Bank Bhd (Maybank IB), on behalf of PNB, had earlier yesterday made a conditional offer for the rest of SP Setia.
The condition is that it needs to have more than 50 per cent of SP Setia for the offer to take place. However, it does not plan to take the company private.
Maybank IB said that PNB and parties acting in concert (PACs), as at September 27, held 33.17 per cent stake in the company, with the top shareholder being Skim Amanah Saham Bumiputera with a 20.75 per cent stake, PNB with 8.05 per cent and Amanah Saham Wawasan 2020 with 2.02 per cent.
Property analysts contacted by Business Times were not surprised by SP Setia's rejection, saying the offer price was not compelling enough.
"The offer price minus the price for the warrants should be more than RM4.20, based on the price PNB had paid for the shares over the last six months," said one analyst.
Analysts said it was very unlikely SP Setia president Tan Sri Liew Kee Sin, who holds 11 per cent of SP Setia, will agree to the offer.
But, PNB's decision to make a less than appealing offer and retain the listing status of SP Setia could indicate that its intention was to merely raise its stake.
In an e-mail response to Business Times, an SP Setia official said Liew has decided not to make a statement for now as he waits for full details of PNB's intentions.
以农立业：请别说棕油不好
澳洲的2010棕油提案不为国会通过，想来必然如此。植物油不止十种之多，为什么只为难棕油？其实食油标签指明产地是不明智的，明显的是政治意图，而非营养考量。
标签的目的是要误导消费人，说什么生产棕油消灭了东南亚的野生动物，尤其是人猿，还有园丘的劳工法令没有改善等。标签应该提到的是棕油营养价值很高，它的维他命含量比油菜籽油、大豆油或其他植物油高；棕油的tocotrienols及β-胡萝葡素对心脏健康有帮助等。
马来西亚并没有忘记联合国1992 Rio峰会的承诺，保留50%的森林，到今天大马保留的森林为56%，即每1公顷油棕就有4公顷森林保留地，这应该是“健康”的比例吧！
保护环境约束扩张
对保护人猿及生物多元化，马来西亚一直有付出。大马油棕种植的确因为要保护环境而约束油棕种地的扩张。回想欧洲在18、19及20世纪时毁灭森林开发资源、建设国家，今天的森林保留地那有马来西亚在比例上那么多。
欧洲国家显然认为发展中国家和他们的先辈一样，在发展及工业化过程中，必然摧毁森林方能成事。
殊不知东南亚国家和欧洲国家不同，我们一方面要改善人民的生活条件，制造工作机会及人人有书读。成千上万的男男女女靠国内的油棕业而脱离了坎坷的人生。
世界上同样有千千万万的人因为棕油价廉物美而能够以棕油为粮食。
世界银行反支持声讨
另一方面，大马也责之所在，尽量保护国家的森林及野生物种。永续的意义就是延续，不中途消失，惟有这样，我们工人的工作及生活才得到保障。
国际上，世界银行似乎并不重视小园主的处境，反而支持非政府组织对油棕的声讨。
马来西亚和印尼开发新土地种油棕已快成过去，因为土地资源的问题。但非洲和南美洲，幅员广大，气候适合油棕种植，投资热已开始，如果非政府组织同样刁难，非洲落后国家欲大面积种油棕以改善民生和国家经济，将变得举步维艰。
相信世界银行不会乖离消除贫穷、发展落后国家的宗旨。
朱乾海博士 橡胶研究专家
[南洋商报]
标签的目的是要误导消费人，说什么生产棕油消灭了东南亚的野生动物，尤其是人猿，还有园丘的劳工法令没有改善等。标签应该提到的是棕油营养价值很高，它的维他命含量比油菜籽油、大豆油或其他植物油高；棕油的tocotrienols及β-胡萝葡素对心脏健康有帮助等。
马来西亚并没有忘记联合国1992 Rio峰会的承诺，保留50%的森林，到今天大马保留的森林为56%，即每1公顷油棕就有4公顷森林保留地，这应该是“健康”的比例吧！
保护环境约束扩张
对保护人猿及生物多元化，马来西亚一直有付出。大马油棕种植的确因为要保护环境而约束油棕种地的扩张。回想欧洲在18、19及20世纪时毁灭森林开发资源、建设国家，今天的森林保留地那有马来西亚在比例上那么多。
欧洲国家显然认为发展中国家和他们的先辈一样，在发展及工业化过程中，必然摧毁森林方能成事。
殊不知东南亚国家和欧洲国家不同，我们一方面要改善人民的生活条件，制造工作机会及人人有书读。成千上万的男男女女靠国内的油棕业而脱离了坎坷的人生。
世界上同样有千千万万的人因为棕油价廉物美而能够以棕油为粮食。
世界银行反支持声讨
另一方面，大马也责之所在，尽量保护国家的森林及野生物种。永续的意义就是延续，不中途消失，惟有这样，我们工人的工作及生活才得到保障。
国际上，世界银行似乎并不重视小园主的处境，反而支持非政府组织对油棕的声讨。
马来西亚和印尼开发新土地种油棕已快成过去，因为土地资源的问题。但非洲和南美洲，幅员广大，气候适合油棕种植，投资热已开始，如果非政府组织同样刁难，非洲落后国家欲大面积种油棕以改善民生和国家经济，将变得举步维艰。
相信世界银行不会乖离消除贫穷、发展落后国家的宗旨。
朱乾海博士 橡胶研究专家
[南洋商报]
Stocks to watch 20110929: S P Setia, Maybank, HELP, Adventa
KUALA LUMPUR: S P Setia Bhd would be in focus on Thursday, Sept 29 when it resumes trading after Permodalan Nasional Bhd offering RM3.90 per share under its proposed takeover exercise.
Based on the last traded price of RM3.50, this is a 40 sen premium.
PNB also offered to acquire the remaining warrants, which it does not own, at 91 sen per warrant. This is 45 sen or 97.8% above the last closing price of 46 sen.
Other stocks to watch are MALAYAN BANKING BHD [], which will hold its AGM on Thursday, HELP INTERNATIONAL CORPORATION [] Bhd, ADVENTA BHD [] and Scientex Bhd.
The Minority Shareholder Watchdog Group (MSWG) will query Maybank over the reasons for the increase in impaired loans for working capital and other financial portfolios.
Under the impaired loans, advances and financing purposes by economic purpose at group level, the total amount for the banking group was RM8.756 billion compared with RM6.186 billion a year ago.
MSWG said loans under working capital increased from RM2.8 billion (2010) to RM5.60 billion (2011) while under others, the amount increased substantially from RM239.8 million to RM491.4 million.
In HELP, its net profit for the third quarter ended July 31, 2011 slumped to RM245,000 from RM3.24 million a year earlier, due mainly to lower enrolment and higher costs incurred.
Revenue for the period rose marginally to RM23.96 million from RM23.38 million in 2010. EPS fell to 0.20 sen from 2.3 sen, while net assets per share was 85 sen.
For the nine months, net profit fell 24.9% to RM9.48 million from RM12.63 million in 2010, despite its revenue rising to RM79.63 million year-on-year from RM77.87 million.
HELP cautioned that due to the weaker US dollar and sterling pound, many Chinese students had opted to pursue their studies directly in the US and UK, adding that the trend would continue in the near future.
Adventa posted net profit of RM4.02 million in the third quarter ended July 31, 2011, down 50.9% from RM8.19 million a year ago, impacted by the weakness in the US dollar and higher raw material costs.
Its revenue rose 18.5% to RM103.58 million from RM87.38 million but this was impacted by higher operating expenses, which increased to 27.9% to RM99.69 million from RM77.95 million a year ago.
Stretch film producer and property developer Scientex posted net profit of RM20.77 million in the fourth quarter ended July 31, 2011, up 16.5% from RM17.83 million a year ago. Revenue rose 7.1% to RM205.20 million from RM191.68 million. Earnings per share were 9.66 sen compared with 8.28 sen.
For the financial year ended July 31, 2011, its earnings rose 28.1% to RM77.24 million from RM60.32 million in the previous financial year while revenue increased by 15.7% to RM804.02 million from RM694.82 million.
Based on the last traded price of RM3.50, this is a 40 sen premium.
PNB also offered to acquire the remaining warrants, which it does not own, at 91 sen per warrant. This is 45 sen or 97.8% above the last closing price of 46 sen.
Other stocks to watch are MALAYAN BANKING BHD [], which will hold its AGM on Thursday, HELP INTERNATIONAL CORPORATION [] Bhd, ADVENTA BHD [] and Scientex Bhd.
The Minority Shareholder Watchdog Group (MSWG) will query Maybank over the reasons for the increase in impaired loans for working capital and other financial portfolios.
Under the impaired loans, advances and financing purposes by economic purpose at group level, the total amount for the banking group was RM8.756 billion compared with RM6.186 billion a year ago.
MSWG said loans under working capital increased from RM2.8 billion (2010) to RM5.60 billion (2011) while under others, the amount increased substantially from RM239.8 million to RM491.4 million.
In HELP, its net profit for the third quarter ended July 31, 2011 slumped to RM245,000 from RM3.24 million a year earlier, due mainly to lower enrolment and higher costs incurred.
Revenue for the period rose marginally to RM23.96 million from RM23.38 million in 2010. EPS fell to 0.20 sen from 2.3 sen, while net assets per share was 85 sen.
For the nine months, net profit fell 24.9% to RM9.48 million from RM12.63 million in 2010, despite its revenue rising to RM79.63 million year-on-year from RM77.87 million.
HELP cautioned that due to the weaker US dollar and sterling pound, many Chinese students had opted to pursue their studies directly in the US and UK, adding that the trend would continue in the near future.
Adventa posted net profit of RM4.02 million in the third quarter ended July 31, 2011, down 50.9% from RM8.19 million a year ago, impacted by the weakness in the US dollar and higher raw material costs.
Its revenue rose 18.5% to RM103.58 million from RM87.38 million but this was impacted by higher operating expenses, which increased to 27.9% to RM99.69 million from RM77.95 million a year ago.
Stretch film producer and property developer Scientex posted net profit of RM20.77 million in the fourth quarter ended July 31, 2011, up 16.5% from RM17.83 million a year ago. Revenue rose 7.1% to RM205.20 million from RM191.68 million. Earnings per share were 9.66 sen compared with 8.28 sen.
For the financial year ended July 31, 2011, its earnings rose 28.1% to RM77.24 million from RM60.32 million in the previous financial year while revenue increased by 15.7% to RM804.02 million from RM694.82 million.
Wednesday, September 28, 2011
InsiderAsia’s model portfolio - 448
It was a blood bath for equity markets the world over. Selling pressure intensified last week on the back of mounting evidence of a global slowdown and worries that governments have little ammunition left in their arsenal to prop up flagging economies. An increasing number of market observers see rising risks of a double dip recession. Continued deterioration in the eurozone sovereign debt crisis, with no imminent solution in sight, further weighed on investor psyche.
As fear mounted, investors abandoned a broad range of risky assets — including equities and commodities — in droves and fled to the relative safety of the US dollar and Treasury bonds. Emerging markets, which are perceived to be riskier, were among the worst hit in last week’s global sell-off.
The Group of 20 major economies pledged to “take all necessary actions to preserve the stability of banking systems and financial markets” amid the sell-off. That stemmed losses, for a while.
Bellwether indices in all of the major Asian markets ended deep in the red. Hong Kong’s Hang Seng Index tumbled 9.2% while bellwether indices in Taiwan and South Korea were down by 7%-7.7%. Markets in Japan and Singapore fared slightly better, but still ended the week 3.4% and 3.2% lower respectively.
Shares on the local bourse did not escape unscathed, despite being generally viewed as a relatively defensive market. The FBM KLCI lost 65 points to finish at 1,365.9 last Friday. The sell-off was broad-based and led by big cap blue chip index heavyweights.
Last week’s 4.5% losses sent the benchmark index deeper into negative territory for the year to date, now down 10.1%, though still lagging losses registered in other key Asian markets. Reflecting the heightened selling and outflow of funds, the ringgit also fell sharply against the greenback, now trading at its lowest level this year.
On the other hand, trading volume remains comparatively low. This could have exaggerated the price decline. But we suspect not many investors are persuaded to bargain hunt, at least not in any significant way anytime soon.
Markets are likely to remain volatile given the limited visibility on the global economic front and uncertainties surrounding the evolving sovereign debt crisis in Europe.
About 808 million shares were traded last week on average compared with the average of 721 million shares transacted in the previous week.
Intensified selling pressure towards the later part of last week was largely attributed to the US Federal Reserve’s grim prognosis on the US economy, which it believes is facing “significant downside risks”. The bleak outlook more than offset any positive impact from its latest policy easing measures.
Much hope had been placed on more aggressive measures out of the two-day Fed meeting earlier in the week. However, the two main moves proposed fell short of market expectations — and were widely seen to have limited impact in terms of jump-starting the economy.
The Fed will undertake to switch some US$400 billion (RM1.27 trillion) of its short-term Treasury holdings into longer-dated bonds as well as reinvest proceeds from maturing mortgages back into that market. Both measures were aimed at stimulating mortgage refinancing and corporate investments by lowering the long-term borrowings costs.
Market observers, however, believe that the lack of demand visibility and confidence are the key reasons why businesses are not reinvesting — not the cost of borrowing. Indeed, corporate balance sheets are strong with many just contend to sit on cash piles instead of putting them to work.
The International Monetary Fund also weighed in on the grim outlook, revising down its forecast for global growth next year to 4%, down from the 4.5% estimate made barely three months ago. US growth was revised to just 1.8% from the previous forecast of 2.7%.
Last week’s data out of Europe and China added to growing evidence of slowing global demand. According to a preliminary survey, private sector activities in Germany dipped to their weakest since July 2009 while that in the 17-member eurozone contracted. A similar survey showed China’s factory output down for the third consecutive month in September.
Portfolio review
Our model portfolio marginally outperformed the benchmark index last week. Total market value for our basket of 19 stocks was down 4.09% to RM440,505, compared with the FBM KLCI’s 4.54% decline.
All but two stocks in our portfolio closed lower last week mirroring the broader market sell-off. Some of the top losers were DiGi (-6.2%), Maybank (-7%), Media Chinese International (-14.2%) and Genting (-9.4%). Al-Aqar KPJ REIT (+1.8%) and HELP International (+0.5%) were our only gainers for the week.
Including our cash holdings, for which no interest income is imputed, our total portfolio value was down by a lower 2.85% to RM940,949. Our cash holding remains quite substantial at RM200,444, accounting for about 31% of our total portfolio value. The relatively high cash holding is, primarily, for prudence’s sake — reflecting our cautious stance on the market outlook in the near term.
Last week’s losses pared our model portfolio’s cumulative returns since inception to 300.6% on our initial capital of just RM160,000. We continue to outperform the FBM KLCI, which was up by about 111.2% over the same period, by some distance.
Our total profits are substantial at RM480,949, of which RM401,644 has already been realised from previous share sales. We kept our portfolio unchanged and will continue to monitor developments in the market.
Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.
U.S. Stocks Fall, Erasing Early Gain, on Concern Over European Debt Crisis
U.S. stocks fell, after erasing earlier gains, amid concern that policy makers can’t agree on measures to contain Europe’s debt crisis.
Alcoa Inc. and DuPont Co. dropped more than 1.5 percent, leading declines in the Dow Jones Industrial Average. Bank of America Corp. and JPMorgan Chase & Co. lost at least 1 percent, as financial shares tumbled.
The S&P 500 lost 0.3 percent to 1,172.10 at 10:44 a.m. New York time, after rising as much as 0.8 percent earlier. The Dow slipped 25.20 points, or 0.2 percent, to 11,165.49.
“This is classic trading range action,” Liam Dalton, president of Axiom Capital Management Inc. in New York, which oversees $1.4 billion, said in a telephone interview. “We’re shifting emotions between fear and greed until we get some resolution as to the European situation. This market is struggling to have any continuity.”
A four-day rout last week erased $1 trillion from U.S. equities amid concern Greek insolvency is inevitable and Europe can’t contain the damage. The decline left the S&P 500 trading at 12.4 times earnings in the past 12 months, 4.4 percent below its average valuation at the lowest point during the last nine bear markets, Bloomberg data shows.
Stocks erased gains today as an official said the European Commission is resisting a push to impose bigger writedowns on banks’ holdings of Greek government debt than those agreed at a July 21 summit.
Bigger Haircuts
The commission, the European Union’s executive body, opposes ideas that are being floated by some government officials to get banks to accept bigger so-called haircuts and doesn’t want to have talks about any such attempt, the official said on condition of anonymity because the deliberations are private.
Equities trimmed a rally in the final hour of trading yesterday after the Financial Times reported that some euro-area countries are demanding that private creditors take bigger writedowns on their Greek bond holdings.
Stocks rose earlier today as a Commerce Department report showed orders for U.S. capital goods climbed in August by the most in three months, a sign business investment continues to support the recovery. Bookings for goods like computers and communications gear, excluding military hardware and aircraft, climbed 1.1 percent, the most since May. Demand for total durable goods dropped 0.1 percent, less than forecast.
The S&P 500 has been trading between about 1,100 and 1,300 since the beginning of August. The benchmark gauge for U.S. equities climbed as high as 1,363.61 on April 29, before starting a decline of as much as 18 percent through August. The index is down 6.5 percent for the year through yesterday.
Alcoa Inc. and DuPont Co. dropped more than 1.5 percent, leading declines in the Dow Jones Industrial Average. Bank of America Corp. and JPMorgan Chase & Co. lost at least 1 percent, as financial shares tumbled.
The S&P 500 lost 0.3 percent to 1,172.10 at 10:44 a.m. New York time, after rising as much as 0.8 percent earlier. The Dow slipped 25.20 points, or 0.2 percent, to 11,165.49.
“This is classic trading range action,” Liam Dalton, president of Axiom Capital Management Inc. in New York, which oversees $1.4 billion, said in a telephone interview. “We’re shifting emotions between fear and greed until we get some resolution as to the European situation. This market is struggling to have any continuity.”
A four-day rout last week erased $1 trillion from U.S. equities amid concern Greek insolvency is inevitable and Europe can’t contain the damage. The decline left the S&P 500 trading at 12.4 times earnings in the past 12 months, 4.4 percent below its average valuation at the lowest point during the last nine bear markets, Bloomberg data shows.
Stocks erased gains today as an official said the European Commission is resisting a push to impose bigger writedowns on banks’ holdings of Greek government debt than those agreed at a July 21 summit.
Bigger Haircuts
The commission, the European Union’s executive body, opposes ideas that are being floated by some government officials to get banks to accept bigger so-called haircuts and doesn’t want to have talks about any such attempt, the official said on condition of anonymity because the deliberations are private.
Equities trimmed a rally in the final hour of trading yesterday after the Financial Times reported that some euro-area countries are demanding that private creditors take bigger writedowns on their Greek bond holdings.
Stocks rose earlier today as a Commerce Department report showed orders for U.S. capital goods climbed in August by the most in three months, a sign business investment continues to support the recovery. Bookings for goods like computers and communications gear, excluding military hardware and aircraft, climbed 1.1 percent, the most since May. Demand for total durable goods dropped 0.1 percent, less than forecast.
The S&P 500 has been trading between about 1,100 and 1,300 since the beginning of August. The benchmark gauge for U.S. equities climbed as high as 1,363.61 on April 29, before starting a decline of as much as 18 percent through August. The index is down 6.5 percent for the year through yesterday.
Sapura Industrial 2Q net profit up 11.6% to RM7.21m
KUALA LUMPUR: SAPURA INDUSTRIAL BHD [] net profit for the second quarter ended July 31, 2011 rose 11.6% to RM7.21 million from RM6.46 million a year earlier, mainly due to model mix and cost improvement efforts throughout the group.
It said on Wednesday, Sept 28 that revenue for the quarter, however, slipped to RM75.93 million from RM78.72 million in 2010 due to lower volume.
Earnings per share was 9.90 sen compared to 8.87 sen a year ago, while net assets per share was RM1.10.
For the six months ended July 31, Sapura Industrial’s net profit rose to RM12.44 million from RM11.12 million in 2010, albeit on the back of lower revenue of RM142.75 million from RM152.39 million a year earlier.
On its prospects, the company said it was cautious that market conditions would continue to be challenging for the automotive sector.
“As such the group has intensified its efforts to further strengthen operational efficiency,” it said.
It said on Wednesday, Sept 28 that revenue for the quarter, however, slipped to RM75.93 million from RM78.72 million in 2010 due to lower volume.
Earnings per share was 9.90 sen compared to 8.87 sen a year ago, while net assets per share was RM1.10.
For the six months ended July 31, Sapura Industrial’s net profit rose to RM12.44 million from RM11.12 million in 2010, albeit on the back of lower revenue of RM142.75 million from RM152.39 million a year earlier.
On its prospects, the company said it was cautious that market conditions would continue to be challenging for the automotive sector.
“As such the group has intensified its efforts to further strengthen operational efficiency,” it said.
SP Setia gets takeover offer notice from PNB
KUALA LUMPUR: S P Setia Bhd has received a notice of take-over offer from Permodalan Nasional Bhd, who is a major shareholder, confirming a report by The Edge FinancialDaily.
S P Setia said on Wednesday, Sept 28 that PNB had informed the company of its obligation to extend a conditional take-over offer.
Trading of the property developer’s securities was suspended from 9am to 5pm on Wednesday.
The Edge FinancialDaily said S P Setia might be taken private near the current price of RM3.50 per share.
The stock rallied nearly 13% or 40 sen on Tuesday, with volume more than doubling to 7.4 million shares from 3.38 million units the previous day.
PNB, the Employees Provident Fund and Kumpulan Wang Persaraan (KWAP) collectively hold 47%. PNB holds 28.51%, the EPF 13.39% and KWAP 5%.
S P Setia said on Wednesday, Sept 28 that PNB had informed the company of its obligation to extend a conditional take-over offer.
Trading of the property developer’s securities was suspended from 9am to 5pm on Wednesday.
The Edge FinancialDaily said S P Setia might be taken private near the current price of RM3.50 per share.
The stock rallied nearly 13% or 40 sen on Tuesday, with volume more than doubling to 7.4 million shares from 3.38 million units the previous day.
PNB, the Employees Provident Fund and Kumpulan Wang Persaraan (KWAP) collectively hold 47%. PNB holds 28.51%, the EPF 13.39% and KWAP 5%.
20年來最大宗產業收購‧國投每股3.90令吉全購實達
（吉隆坡28日訊）大馬股市經歷近期的動盪與潰跌後，重新點燃產業公司收購熱潮，國內首要政府投資機構――國民投資（PNB）宣佈以每股3令吉90仙全面獻購大馬市值第二大產業公司實達集團（SPSETIA,8664,主板產業組），締造大馬逾20年來的最大宗產業收購計劃。
國投宣佈與友好夥伴PAC（阿瑪納拉也信託公司），以總值1千零58萬2千令吉，購入實達共0.173%股權，使持股權從原有的32.993%增至33.166%，而抵觸全面獻購條例，必須以每股3令吉90仙及每張憑單91仙全購實達其餘未持有股權及憑單。
每股3.90令吉溢價11%
每憑單91仙溢價98%
3令吉90仙的獻購價比實達停牌前閉市價3令吉50仙溢價40仙或11.43%，每張憑單91仙的獻購價格，也比實達集團WB（SPSETIA-WB,8664WB,憑單）在9月27日的閉市價46仙，溢價45仙或97.83%。
根據27日的閉市價計算，實達市值為62億令吉。
實達27日創13年新高
實達股價近期走勢低迷，從4令吉62仙令吉的歷來最高峰下跌了約30%，不過該股昨天飆漲13%或40仙，創下13年新高。
該公司大股東丹斯里劉啟盛持有約12%股權。
實達在9月22日透露，在現財政年的首10個月銷售錄得23億令吉，產業銷售目標為30億令吉。
截至7月31日止的第三季，取得9千120萬令吉凈收入，增長4.6%。
29日復牌
實達股票及WB今天（28日）暫停交易，將於明日復牌。
全購計劃的附帶條件，是必須在獻購截止日期前接獲實達集團逾50%票選股權的接受水平。此條件也需獲證監會首肯。
同時，獻購者有意保留實達的上市地位。
國投重組資產前奏？
國民投資繼2年前展開旗下產業公司大合併之後，如今靜極思動，收購實達，讓管理約1千500億令吉資產的國投可以滲透大馬、澳洲及越南產業市場，同時也可能是國投進一步重組旗下產業公司的前奏。
宏利資產管理首席投資員張傑森透露，這項收購表示國投可能進行一些內部整合，把所有產業資產放在一個個體，它們也需確保核心管理仍然存在。
國投2009年曾合併旗下3間產業公司，包括半島（I＆P）、彩虹企業（Pelangi）及伯達靈花園（Petaling Garden）。
國投收購實達，是繼較早的數項產業公司並購案熱潮後之另一宗國內大型產業收購案。
森那美（SIME，4197，主板貿服組）在8月29日宣佈收購產業公司東方（E＆O，3417，主板產業組）30%股權，成交價為7億6千600萬令吉，以擴充檳城及柔佛；國營公司UEM置地（UEMLAND,5148,主板產業組）以14億令吉並購陽光（SUNRISE）；而企業家丹斯里謝富年則把旗下掌控的產業公司雙威控股及建築公司雙威建築合併，成立雙威（SUNWAY,5211,主板產業組），壯大規模競標國內外更大宗的工程項目。
產業股潰瀉後或遭覬覦
產業股近期的潰跌比大市來得慘重，引來買家覬覦，大股東本身也可能看不過眼，而有意將公司私有化，令產業股有望再掀收購熱潮。
在全球經濟不明朗化狀態加劇下，分析家預見大馬產業股將持續被拋在大市後頭。
分析員指出，產業指數近數月已落後富時綜指表現，自7月初以來急挫27%，比較富時綜指同期潰退15.9%。
對於產業市場前景，興業金融研究相信，產業發展商將對產業的推展更趨謹慎，2012年的銷售目標也不會比2011年激進，因為產業價格與交易和國內生產總值成長息息相關，而全球經濟有可能陷入雙底衰退。
惟該行認為，產業發展商近期的盈利不會受到不利衝擊。
該行維持2011年的產業交易價值取得個位數成長，因高檔住宅房產供過於求及辦公樓發展現象令人憂心。
該行把產業股評估下調至“負面”，主要因為全球經濟蒙塵及投資信心減弱，惟該行追蹤的5家產業公司當中，有3家在今年上半年取得亮麗的盈利成長。
興業金融研究尚未調整產業公司的財測，因未來盈利獲得過去2年產業高潮期的未進賬搶眼銷售支撐。
該行建議“買進”盈利來源多元化的雙威。（星洲日報／財經）
[星洲日報／財經]
CIMB Research has technical buy call on Dialog Group
KUALA LUMPUR: CIMB Equities Research has a technical buy call on DIALOG GROUP BHD [] at RM2.04 at which it is trading at a FY12 price-to-earnings of 17 times and price-to-book value of 6.9 times.
It said on Wednesday, Sept 28 the correction from its RM2.88 high was sharp. Prices tumbled to a low of RM1.79, almost reaching the 61.8% FR level, before buying support started to emerge again.
“Looking at the chart, it seems that the RM1.79 low would likely be its immediate support,” it said.
CIMB Research said buying support was picking up. MACD histogram bars were falling at a slower pace while RSI had also hooked upward. Hence, the stock should be in a rebounding mode.
“Aggressive traders may start to accumulate now. As long as prices hold above the RM1.79 low, there is a good chance that the candles may swing closer towards RM2.16 and RM2.42,” it said.
It said on Wednesday, Sept 28 the correction from its RM2.88 high was sharp. Prices tumbled to a low of RM1.79, almost reaching the 61.8% FR level, before buying support started to emerge again.
“Looking at the chart, it seems that the RM1.79 low would likely be its immediate support,” it said.
CIMB Research said buying support was picking up. MACD histogram bars were falling at a slower pace while RSI had also hooked upward. Hence, the stock should be in a rebounding mode.
“Aggressive traders may start to accumulate now. As long as prices hold above the RM1.79 low, there is a good chance that the candles may swing closer towards RM2.16 and RM2.42,” it said.
多空一线：戴乐近期上挑RM2.18
本地机构投资者9月27日入场扶盘，推高富时隆综合指数关联成份股项，尤其是重量级金融股项，这项扶盘活动使马股富时隆综合指数（FBMKLCI）大幅反弹了。
它在重量级蓝筹股项反弹下，处于一段短期技术反弹走势中，这项弹升走势，主导着富时隆综合指数于9月27日间的大幅回扬，以1339.35点高开后以1364.20点报收。
富时隆综指30只成分股，处于反弹行情中。
富时隆综指于周二间的整日波幅，介于28.20点（1339.35–1367.55点）间。它于闭市时收1364.20点，按日涨32.40点或2.43%。
依从富时隆综指30只组合股项的表现来分析，大马股市处于技术反弹走势中。
富时隆综指30只组合股项，处于短线反弹水平间，带领富时隆综指进入技术反弹走势。上升股项为658只，而下跌股项为162只。
戴乐集团（Dialog，7277，主板贸服股）于9月27日闭市时反弹了。
它于闭市时收2.04令吉，按日涨12仙或6.25%
戴乐集团股价于9月27日间，上破一道短线下降趋势线（B1:B2）。60分钟分时线平滑异同移动均线指标（MACD），于9月27日处于一道短期技术反弹趋势中。
60分钟分时线图，于9月27日进入它的短期反弹走势中。
戴乐集团的60分钟分时线趋势，或会处于一段反弹走势中，将会于近期间尝试上挑2.05-2.18令吉阻力位。
27/9/11行情
闭市：2.04令吉
起落：+12仙
最高：2.06令吉
最低：1.95令吉
成交量：110388宗
本益比：26.323倍
毛周息率：1.52%
52周最高：2.88令吉
52周最低：1.11令吉
敏源 技术分析教父
热股技术点评：上升股 云顶 RM9受阻
云顶（Genting， 3182，主板贸服股）周二以8.62令吉高开迎市，终场时上扬41仙或4.80%，报8.95令吉。从交投趋势走势来看，该股已进入一段反弹走势。9.00– 9.25令吉为短期上升阻力水平。
27/9/11行情
闭市：8.95令吉
起落：+41仙
最高：9.01令吉
最低：8.62令吉
成交量：99682宗
本益比：15.024倍
毛周息率：0.872%
52周最高：11.98令吉
52周最低：8.37令吉
U.S. Stocks Advance as Treasuries Decline
U.S. stocks rose, sending the Standard & Poor’s 500 Index to its fourth day of gains, after demand for American capital goods climbed by the most in three months and optimism grew that Europe will tame its debt crisis.
The S&P 500 advanced 0.2 percent to 1,177.31 at 9:31 a.m. New York time. The index rose 1.1 percent yesterday, paring a rally of as much as 2.8 percent in the final hour of trading.
“This is classic trading range action,” Liam Dalton, president of Axiom Capital Management Inc. in New York, which oversees $1.4 billion, said in a telephone interview. “We’re shifting emotions between fear and greed until we get some resolution as to the European situation. This market is struggling to have any continuity.”
The S&P 500 rallied 4.1 over the previous three days, paring its loss this quarter to 11 percent. Stocks are having the worst quarter on record relative to Treasuries and gold, which may force investors to buy equities to rebalance their allocations, JPMorgan’s Marko Kolanovic said last week.
$1 Trillion
A four-day rout last week erased $1 trillion from U.S. equities amid concern Greek insolvency is inevitable and Europe can’t contain the damage. The decline left the S&P 500 trading at 12.4 times earnings in the past 12 months, 4.4 percent below its average valuation at the lowest point during the last nine bear markets, Bloomberg data shows.
Futures on the VIX show investors expect the Chicago Board Options Exchange Volatility Index to remain at least 50 percent above its historical average of 20.5 through May, data compiled by Bloomberg show.
Stock futures extended gains today after a report showed orders for U.S. capital goods climbed in August by the most in three months, a sign business investment continues to support the recovery. Bookings for goods like computers and communications gear, excluding military hardware and aircraft, climbed 1.1 percent, the most since May, the Commerce Department report showed. Demand for total durable goods dropped 0.1 percent, less than forecast.
Equities rallied yesterday after Greece made progress in meeting requirements for more international aid and Germany vowed continue to support for the country. Stocks trimmed gains in the final hour after the Financial Times reported that some euro-area countries are demanding that private creditors take bigger writedowns on their Greek bond holdings.
European Commission President Jose Barroso today called for faster creation of a rescue fund and said he will press ahead with common bonds for the euro area, a proposal Germany opposes. Experts from the European Commission, European Central Bank and International Monetary Fund will return to Athens tomorrow to review the Greek government’s budget-cut plans, the commission said.
The S&P 500 advanced 0.2 percent to 1,177.31 at 9:31 a.m. New York time. The index rose 1.1 percent yesterday, paring a rally of as much as 2.8 percent in the final hour of trading.
“This is classic trading range action,” Liam Dalton, president of Axiom Capital Management Inc. in New York, which oversees $1.4 billion, said in a telephone interview. “We’re shifting emotions between fear and greed until we get some resolution as to the European situation. This market is struggling to have any continuity.”
The S&P 500 rallied 4.1 over the previous three days, paring its loss this quarter to 11 percent. Stocks are having the worst quarter on record relative to Treasuries and gold, which may force investors to buy equities to rebalance their allocations, JPMorgan’s Marko Kolanovic said last week.
$1 Trillion
A four-day rout last week erased $1 trillion from U.S. equities amid concern Greek insolvency is inevitable and Europe can’t contain the damage. The decline left the S&P 500 trading at 12.4 times earnings in the past 12 months, 4.4 percent below its average valuation at the lowest point during the last nine bear markets, Bloomberg data shows.
Futures on the VIX show investors expect the Chicago Board Options Exchange Volatility Index to remain at least 50 percent above its historical average of 20.5 through May, data compiled by Bloomberg show.
Stock futures extended gains today after a report showed orders for U.S. capital goods climbed in August by the most in three months, a sign business investment continues to support the recovery. Bookings for goods like computers and communications gear, excluding military hardware and aircraft, climbed 1.1 percent, the most since May, the Commerce Department report showed. Demand for total durable goods dropped 0.1 percent, less than forecast.
Equities rallied yesterday after Greece made progress in meeting requirements for more international aid and Germany vowed continue to support for the country. Stocks trimmed gains in the final hour after the Financial Times reported that some euro-area countries are demanding that private creditors take bigger writedowns on their Greek bond holdings.
European Commission President Jose Barroso today called for faster creation of a rescue fund and said he will press ahead with common bonds for the euro area, a proposal Germany opposes. Experts from the European Commission, European Central Bank and International Monetary Fund will return to Athens tomorrow to review the Greek government’s budget-cut plans, the commission said.
European Stocks Slide, Snapping Three-Day Rally; Man Group Sinks on Assets
European stocks fell, snapping the biggest three-day rally in 16 months, after a report that some countries are demanding private creditors take bigger writedowns on Greek bonds.
Man Group Plc (EMG) sank the most in almost three years as the world’s biggest hedge fund said assets under management will decrease. Cairn Energy Plc (CNE) slid 5 percent after abandoning an exploration well. PSA Peugeot Citroen, Europe’s second-largest carmaker, declined 1.3 percent as Goldman Sachs Group Inc. advised selling the shares.
The Stoxx Europe 600 Index slipped 0.2 percent to 229.45 at 2:54 p.m. in London after earlier rising 0.5 percent. The gauge had surged 7 percent over the past three days, the biggest rally since May 2010, amid speculation policy makers will increase efforts to contain the region’s debt crisis. The Financial Times reported late yesterday that some euro-area countries are demanding private creditors take bigger writedowns on their Greek bond holdings.
“We’re evaluating how much banks must take in additional provisions,” said Pierre Mouton, a fund manager at Notz Stucki & Cie. in Geneva, who helps oversee $7.5 billion. “The market would be able to forget all of this if the problem stops at Greece. What is stopping the market from rebounding is concern about Italy.”
National benchmark indexes fell in 9 of the 18 western European markets. Germany’s DAX Index added 0.5 percent and France’s CAC 40 Index rose 0.1 percent. The U.K.’s FTSE 100 Index retreated 0.6 percent.
Greek Aid
German Chancellor Angela Merkel said today that she’s waiting for a report from the European Union, European Central Bank and International Monetary Fund on Greece’s budget progress before deciding whether revisions are needed to the financing package agreed in July. Euro-area leaders announced 159 billion euros ($229 billion) in new aid for Greece on July 21 and cajoled bondholders into footing part of the bill.
Greek banks rallied today. National Bank of Greece SA (ETE) jumped 5.6 percent to 2.84 euros. Alpha Bank SA surged 12 percent to 1.41 euros and Piraeus Bank SA (TPEIR) soared 6.5 percent to 49 euro cents.
The EU proposed a financial-transactions tax that would take effect in 2014 and raise about 57 billion euros a year. The plan would set minimum tax rates for financial transactions throughout the 27-nation region, the European Commission said.
26% Drop
The Stoxx 600 fell 26 percent from this year’s peak in February through Sept. 22 amid concern the European debt crisis is spreading and the global economic recovery is faltering. The decline left the measure trading at 9 times estimated earnings, the cheapest since March 2009, data compiled by Bloomberg show.
Orders for U.S. capital goods climbed in August by the most in three months a sign business investment continues to support the recovery. Bookings for goods like computers and communications gear, excluding military hardware and aircraft, climbed 1.1 percent, the most since May, a Commerce Department report showed today. Demand for total durable goods dropped 0.1 percent, less than forecast.
Man Group tumbled 21 percent to 190.2 pence, the biggest drop since November 2008, after saying its assets under management will decline by $6 billion amid “suppressed” demand for investment products.
“The extreme volatility of markets in recent months has created challenging performance conditions across asset classes,” Chief Executive Officer Peter Clarke said. “This has tested investor appetite for risk.”
Cairn Slips
Cairn Energy sank 5 percent to 280.7 pence. The company said the Delta-1 exploration well off Greenland is being plugged and abandoned after failing to find hydrocarbons.
Peugeot declined 1.3 percent to 16.70 euros. The stock was cut to “sell” from “neutral” at Goldman.
SAP AG (SAP) advanced 2.4 percent to 38.76 euros. The software maker has a “very well-filled contract pipeline” and “good results” will continue even as global economic growth is slowing, Finanz und Wirtschaft reported, citing an interview with Robert Enslin, head of global sales.
BG Group Plc (BG/) climbed 3 percent to 1,257 pence after Goldman Sachs Group Inc. added the oil producer to its “conviction buy” list.
Man Group Plc (EMG) sank the most in almost three years as the world’s biggest hedge fund said assets under management will decrease. Cairn Energy Plc (CNE) slid 5 percent after abandoning an exploration well. PSA Peugeot Citroen, Europe’s second-largest carmaker, declined 1.3 percent as Goldman Sachs Group Inc. advised selling the shares.
The Stoxx Europe 600 Index slipped 0.2 percent to 229.45 at 2:54 p.m. in London after earlier rising 0.5 percent. The gauge had surged 7 percent over the past three days, the biggest rally since May 2010, amid speculation policy makers will increase efforts to contain the region’s debt crisis. The Financial Times reported late yesterday that some euro-area countries are demanding private creditors take bigger writedowns on their Greek bond holdings.
“We’re evaluating how much banks must take in additional provisions,” said Pierre Mouton, a fund manager at Notz Stucki & Cie. in Geneva, who helps oversee $7.5 billion. “The market would be able to forget all of this if the problem stops at Greece. What is stopping the market from rebounding is concern about Italy.”
National benchmark indexes fell in 9 of the 18 western European markets. Germany’s DAX Index added 0.5 percent and France’s CAC 40 Index rose 0.1 percent. The U.K.’s FTSE 100 Index retreated 0.6 percent.
Greek Aid
German Chancellor Angela Merkel said today that she’s waiting for a report from the European Union, European Central Bank and International Monetary Fund on Greece’s budget progress before deciding whether revisions are needed to the financing package agreed in July. Euro-area leaders announced 159 billion euros ($229 billion) in new aid for Greece on July 21 and cajoled bondholders into footing part of the bill.
Greek banks rallied today. National Bank of Greece SA (ETE) jumped 5.6 percent to 2.84 euros. Alpha Bank SA surged 12 percent to 1.41 euros and Piraeus Bank SA (TPEIR) soared 6.5 percent to 49 euro cents.
The EU proposed a financial-transactions tax that would take effect in 2014 and raise about 57 billion euros a year. The plan would set minimum tax rates for financial transactions throughout the 27-nation region, the European Commission said.
26% Drop
The Stoxx 600 fell 26 percent from this year’s peak in February through Sept. 22 amid concern the European debt crisis is spreading and the global economic recovery is faltering. The decline left the measure trading at 9 times estimated earnings, the cheapest since March 2009, data compiled by Bloomberg show.
Orders for U.S. capital goods climbed in August by the most in three months a sign business investment continues to support the recovery. Bookings for goods like computers and communications gear, excluding military hardware and aircraft, climbed 1.1 percent, the most since May, a Commerce Department report showed today. Demand for total durable goods dropped 0.1 percent, less than forecast.
Man Group tumbled 21 percent to 190.2 pence, the biggest drop since November 2008, after saying its assets under management will decline by $6 billion amid “suppressed” demand for investment products.
“The extreme volatility of markets in recent months has created challenging performance conditions across asset classes,” Chief Executive Officer Peter Clarke said. “This has tested investor appetite for risk.”
Cairn Slips
Cairn Energy sank 5 percent to 280.7 pence. The company said the Delta-1 exploration well off Greenland is being plugged and abandoned after failing to find hydrocarbons.
Peugeot declined 1.3 percent to 16.70 euros. The stock was cut to “sell” from “neutral” at Goldman.
SAP AG (SAP) advanced 2.4 percent to 38.76 euros. The software maker has a “very well-filled contract pipeline” and “good results” will continue even as global economic growth is slowing, Finanz und Wirtschaft reported, citing an interview with Robert Enslin, head of global sales.
BG Group Plc (BG/) climbed 3 percent to 1,257 pence after Goldman Sachs Group Inc. added the oil producer to its “conviction buy” list.
中廉價屋分配舞弊案‧黃泉安接受反貪會調查
（檳城28日訊）隨著愛國黨青年團團長劉耀輝向檳州反貪委員會舉報，指日落洞中央花園中廉價屋分配出現舞弊後，檳州反貪污委員會4名官員在週三中午前往日落洞區國會議員服務中心，向挑起這項課題的黃泉安國會議員錄取口供協助調查。
日落洞區國會議員黃泉安週三記者會上指出，他樂意與反貪會合作，並會把手中已經掌握到有關日落洞中央花園中廉價屋分配疑點的證據，提供給反貪會著手調查。
他說，日落洞中央花園中廉價屋共有195個單位，不過檳州房屋局只分配出149間，其餘46間卻下落不明，這項疑點有待反貪會著手調查。
“日前在光大三樓展出日落洞中央花園中廉價屋分配名單中，只出現149人的名字而已，其餘單位卻去向不明。”
他指出，檳州房屋局提供的48名早前原地木屋區獲賠償分配廉價屋名單，與有關發展商、檳島市政局提供受賠償名單也有出入，同樣有待查明。
根據他查詢有關名單，卻發現有一些獲分配廉價單位者年齡竟然只有二十多歲，令他感到很疑惑。
10月1辦匯報會
黃泉安將於10月1日下午2時在中路YMCA大禮堂（檳榔醫院對面）舉辦日落洞中廉屋問題匯報會。
黃泉安說，匯報對象是今年7月、8月間共223名向日落洞火箭服務中心求助的中廉價屋申請者。
他表示，主要匯報要點，包括峇都蘭樟日落洞中央花園195間中廉屋到底分配給誰；申請不到的人，下一步該怎麼辦？；申請到的人，下一步該怎麼辦？；日落洞人被分配到日落洞以外的中廉價屋，下一步該怎麼辦？；申請中廉價屋，要等多少年才合理？；你對州房屋部有甚麼意見。（光明日報）
訓練中國人假冒執法員詐騙 警搗玻檳呼叫中心
（檳城28日訊）以台灣人為首的國際詐騙集團，去年在亞洲多個國家包括大馬，架設不少個呼叫中心（Calling Center）行動室後，再聘用和教導一批中國人假冒執法人員以通過網絡電話（VOIP）技術，誘騙成千上萬中國受害者誤以為自己犯罪，而將超過20億令吉金錢匯入台灣犯罪頭目的銀行戶頭。
今年6月，中國、台灣、柬埔寨、印尼、泰國和大馬警方，在同時行動下一舉逮捕了將近600人，大多為台灣人和中國人的犯罪分子。這也是近年來，亞洲各國警方最大型的聯合行動。
在跟進調查3個月後，印尼、寮國和柬埔寨警方，再次同時行動搗毀詐騙集團架設在該國境內的呼叫中心。隨後，大馬警方在國際警方提供新一輪情報下，由武吉阿曼商業罪案調查局動員51人，於週二中午12點同時在玻璃市和檳城兩地展開一項突擊行動，成功搗毀兩間呼叫中心和一間電話詐欺訓練中心，並扣留4名台灣人。
已騙走中受害者數十億
這個詐騙集團是使用網絡電話（VOIP）撥電給中國的受害者，大多假冒警官、銀行職員或者其它執法單位官員，以誘使受害者相信他們觸犯法律，然後叫對方打電話查詢，而受害者撥打的電話會被轉線到詐騙集團24小時操作的“呼叫中心”的中央行動室，然後指示對方將金錢匯入一個指定的銀行戶頭，以解決受害者難題。
警方相信，台灣人操縱的詐騙集團，今年已經騙走中國受害者數十億令吉的金錢。
目前，警方援引在刑事法典第420條文（欺騙及不誠實的引誘移交財物），以及1998年通訊及多媒體法令第233條文（濫用互聯網平台），展開調查工作。
受訓中員工禁入考官房間
在電話詐騙訓練中心裡，受訓中的員工是不能隨便進入考官房間，違例者將被罰款人民幣500元。
由於女性員工居多，詐騙集團也特別關懷她們，並張貼告示警告男性員工不能使用女廁，同時也不允許員工將煙蒂丟入馬桶，違例者罰款500令吉。
武吉阿曼商業罪案調查局行動組助理總監羅海米指出，在訓練中心裡，受訓員工是不能發出任何聲音，必須安分坐在各自的坐位撥打和接聽考官的電話。
“詐騙集團為防止外人打擾，在訓練中心外設有電眼外，也聘用狗仔隊手持對講機在外頭看守。”
租2單位設容60人呼叫中心
武吉阿曼商業罪案調查局總監拿督賽依斯邁週三記者會指出，大馬警方在合作伙伴中國和台灣警方協助下，根據情報週二中午12點在檳城時代廣場後公寓，逮捕年齡20歲至31歲的3男1女台灣罪犯。
“警方發現，以台灣人為首的國際詐騙集團，3個月前就在檳城D’Piazza廣場以一間公司名義租下兩個單位，其中一間被架設為可容納超過60人的呼叫中心，以及一間電話詐騙訓練中心，用來栽培罪犯學習電話欺詐手段。”
他說，行動中，警方起獲6個手提電腦、20個手機、199個USB 隨身碟（USB Pen Driver），以及159張為中國多間銀行的提款卡。
“警方抵達上述兩間中心時，已經空無一人，相信在逃者不少過80人；同樣地，在玻璃市加央搗毀的呼叫中心，警方也沒發現任何罪犯。”
罪犯以旅遊簽證進入大馬
警方根據詐騙集團架設的呼叫中心行動室，相信台灣罪犯已聘用不少過80人進行電話欺詐工作。這些人多數是中國人，但以女性為主，男性只佔少數人。
賽依斯邁指出，警方相信這些人仍然躲藏在檳城某個地方，而警方已經展開追捕行動。這些人和台灣罪犯都是以旅遊簽證進入大馬。
“檳城之所以被選中為詐騙集團的大本營，相信罪犯是看中檳城國際機場飛往中國有直飛航線，方便該集團聘用的中國員工來回兩國。”今年6月，警方在沙巴阿庇破獲的詐騙集團，由沙巴國際機場飛往中國也有直飛航線。
貼中國地圖鎖定受害者居地
賽依斯邁指出，以台灣人為首的國際詐騙集團，主要詐騙目標都是中國人。
“在詐騙集團的呼叫中心行動室內，貼有一幅中國地圖，並鎖定受害者居住的地方。”他說，詐騙集團聘用中國人在大馬對中國人進行電話詐騙，主要原因是中國公安無法對付他們，但中國公安可以知會大馬警方採取行動；同樣地，詐騙集團聘用大馬人到中國對大馬人進行電話詐騙，大馬警方便需要中國公安出手相助了。
賽依斯邁指出，大馬警方破獲台灣人操縱的詐騙集團，並沒有本地重要人物涉案；反之，國際重要人物是否涉案，現階段需要國際刑警深入調查。“大馬警方並不知道這個國際詐騙集團的幕後首腦身份。”他說，出租商業單位的擁有人與警方十分合作。
為防止大馬警方盯上，詐騙集團架設呼叫中心所採用一切工具，全是山寨品，比如中國製造的網絡電話、計算機、耳機、筆記簿、筆、坐墊、桌子和椅子等，甚至安裝網絡系統都由中國籍技術員一手包辦。
在D’Piazza廣場架設的呼叫中心，詐騙集團成員甚至找人砸穿單位與單位的牆壁，打通3間單位來打造規模龐大的呼叫中心。羅海米警官說，這也是大馬有史以來偵破最大間詐騙集團的呼叫中心和訓練中心。
跨國電話詐騙集團
扣查37中台男女
與台灣電話詐騙集團有關連的案例：
今年6月9日，大馬警方在沙巴亞庇馬里納高級公寓，成功偵破跨國電話詐騙集團，共逮捕37名台灣及中國大陸男女扣查，其中10人為台灣男子，其餘為中國人。
這批詐騙集團之成員包括電訊技術人員、接線員及聯絡詐騙人員，24小時輪值班。嫌犯以旅遊證件入境，在亞庇馬里納公寓租3個單位，詐騙行動中心設在11樓，並且設有本身通訊系統，是一個有組織之詐騙集團。
這批人也冒充警察、國家銀行及法庭官員，宣稱受害者已被列入黑名單，要他們匯錢以便脫離黑名單。
據調查顯示，這個詐騙集團之成員是於今年5月26日才在上述公寓設立詐騙聯絡中心，該單位為閣樓，樓上為他們之臥室，住宿膳食在同一單位內，並聘請本地人擔任廚手，負責烹飪食物給他們食用。
擺多個招財貓財神爺
國際詐騙集團雖然是利用高科技來欺詐受害者，但集團成員卻篤信招財貓和財神爺會帶來“財運”。在呼叫中心行動室，擺放不少個招財貓和財神爺的裝飾。有者則擺放“四川辣腐”罐頭食品，或者寫上“多賺點”，自我鼓勵。
羅海米警官說，該集團成員多達80人，每人每天撥打50人，只要其中兩三人上當，算是達到任務。
只要呼叫中心工作者成功誘騙中國受害者匯錢在一個指定的銀行戶頭，台灣罪犯就會在另一個基地使用電腦進行過帳手續，將金錢轉移到另一個安全的銀行戶頭，然後才將金錢取走。
這意味，警方破獲詐騙集團的呼叫中心，身處另一個基地的台灣罪犯，也不會輕易落網。但此次警方行動，先是逮捕台灣罪犯，再搗毀呼叫中心。
疑石油氣洩漏4傷350人疏散 商場大爆炸
（梳邦再也28日訊）剛落成約一年的購物廣場地底層餐館中央液化石油氣今晨洩漏，引發大爆炸，4人被炸傷，8人一度受困，逾350人緊急疏散！
4名傷者分別是一對華裔情侶，及2名廣場保安員（分別為一名印裔及一名尼泊爾籍），案發后他們被目擊者緊急送院急救，目前情況穩定。
據知，廣場內部裝飾遭嚴重炸毀，連距離逾半公里外的辦公大樓玻璃門窗也被震碎，爆炸威力之猛烈，可想而知。
案發后，廣場內外滿目瘡痍，猶如經歷一場絕世浩劫，幸案發時間是凌晨，廣場內沒有其他顧客，如果爆炸案發生在工作時間，傷亡損失難以估計。
1公里外感受震動
這宗爆炸案于今晨約3時40分，在雪州梳邦再也帝國購物廣場（Empire Shopping Gallery）地底層（LG）泊車場發生。
據了解，廣場內部部分構造在爆炸案后倒塌造成巨響，就連1公里外的公寓居民，也可以強烈感受到震動。
有者以為發生地震，有者更以為有飛機撞入大廈，紛紛被巨響嚇醒，逃出屋外，甚至有人以為發生恐襲，梳邦再也一夜間陷入混亂。
事發后，當局緊急疏散與購物廣場連棟的帝國酒店約350名住客和員工，並封鎖整個購物廣場、酒店和商業樓，以策安全。
警方也尋找是否仍有受害者受困在內，警方也在較后封鎖附近道路，避免民眾駛近案發地點。
當局已排除恐怖襲擊的可能，目前懷疑是中央液化石油氣（LPG）洩漏。
不滿前鋒報評論 黃明志回敬爆粗短片
（吉隆坡28日訊）饒舌歌手黃明志因不滿《馬來西亞前鋒報》針對他的評論文章，昨日在YOUTUBE上載一部短片《黃明志干五毒散》，以粗口責罵該報是一份“垃圾報”。
這篇文章是由法烏芝亞撰寫，題為“不是《辣死你媽2.0》，問題是黃明志”，于本月21日刊登在《馬來西亞前鋒報》。
作者指出，即使獲得免費票，她也不會觀看黃明志的電影《辣死你媽2.0》，原因是黃明志曾做出破壞國家形象的事情。
電影沒違反法律
為了反擊，黃明志在YOUTUBE上載的短片再次強調，首相署部長拿督斯里納茲里已經表明，他的電影並沒有違反法律，因此政府才不起訴他。
另外，他在面子書寫，支持他的人如果是因為反馬來人才來支持他，他表示抱歉，他們支持錯對象了。
這篇文章是由法烏芝亞撰寫，題為“不是《辣死你媽2.0》，問題是黃明志”，于本月21日刊登在《馬來西亞前鋒報》。
作者指出，即使獲得免費票，她也不會觀看黃明志的電影《辣死你媽2.0》，原因是黃明志曾做出破壞國家形象的事情。
電影沒違反法律
為了反擊，黃明志在YOUTUBE上載的短片再次強調，首相署部長拿督斯里納茲里已經表明，他的電影並沒有違反法律，因此政府才不起訴他。
另外，他在面子書寫，支持他的人如果是因為反馬來人才來支持他，他表示抱歉，他們支持錯對象了。
頭浸熱鍋吸油噴火堆‧乩童赤手煮風油
（檳城‧大山腳28日訊）大山腳斗母宮週二晚上演“神靈附身，乩童赤手煮風油”的精彩戲碼！數名乩童們在神靈附身後，除把雙手伸入熱滾滾的油鍋中，連頭也一併入鍋，並以嘴吸滿熱油後噴向火堆，以助長火勢，叫圍觀者嘖嘖稱奇。
神靈附身，乩童赤手煮風油的戲碼，每逢九皇爺慶典都會在大山腳斗母宮上演。
這項儀式是於週二晚9時許開始進行，表演過程歷時約1小時半。乩童的精彩表演，吸引了許多前往該宮上香的善信們圍觀，目睹乩童們的危險演出，大家簡直是目瞪口呆。
儀式開始時，乩童被神靈附身，之後值年爐主在乩童指示下，上香膜拜。膜拜儀式完畢後，工作人員就開始起火，再把一桶桶油倒入鍋中煮熱。
最精彩的部份是，乩童們把雙手伸入熱油中開始煮風油，口裡還唸唸有詞。更令人意想不到的是，乩童們竟然輪流把頭浸入熱油鍋中，然後用嘴吸取鍋中熱油，再噴向火堆，火勢也愈燒愈旺。
加入草藥提煉成風油
表演結束後，民眾紛紛湧上前用油塗臉，以保平安。工作人員較後也在油鍋中加入草藥，然後把熱油提煉成風油。
大山腳斗母宮乩童組副主任黃錦光接受《光明日報》詢問時指出，該宮每年都會進行煮風油儀式，儀式完成後，鍋中的風油將會倒入瓶罐出售，所籌獲的款項將全數捐助該宮慈善金。
“每年的九皇爺慶典，煮風油表演只進行一天，一鍋油能提煉約500瓶風油，而且煮得越久越好，至少需超過24小時。至於用來提煉風油的草藥，他則不願透露。”（光明日報）
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