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skypark mct property cyberjaya msc sofo hotel service apartment strata office corporate
This is not stock pick recommendation post.
These are for your reference and my notes only.
Focus on the right entry price
Be diversity
Ref :
http://investorplace.com/2013/01/best-dividend-stocks-for-2013-and-beyond-ko-pg-bdx-cvx-afl-pep/2/
http://www.istockanalyst.com/finance/story/6216667/best-dividend-stocks-for-2013-and-beyond
http://www.gurufocus.com/news/203646/best-us-dividend-stocks-for-2013
T
MO
VZ
GSK
VOD
COP
BP
ABT
WU 4%
AHGP 5.76 COAL **
ARLP 6.81 COAL **
FII 4.65 Investment
CA 4.38 Software
LMT 4.88 Aerospace/Defense **
INTC 4.14 Intel
COP 4.57 Oil Comp-Integrated
PG 3.28
JNJ 3.43
PEP 3.11
MSFT
HAS
GIS
WEC
STX
Abbott Laboratories – ABT
Autoliv – ALV
CA Inc. – CA
Campbell Soup – CPB
Chesapeake Utilities – CPK
Chevron Corp – CVX
Darden Restaurants – DRI
General Mills – GIS
Heinz – HNZ
Genuine Parts – GPC
Intel – INTC
Johnson & Johnson – JNJ
Kellogg – K
Kimberly-Clark – KMB 3.55 ***
Mattel – MAT
McDonald’s – MCD 3.51
Microsoft – MSFT
Procter & Gamble – PG
Safeway – SWY
Seagate Technology – STX
Walgreens – WAG
Western Union – WU 4%
Wisconsin Energy – WE
Exelon - EXC
Ref :
Exelon - EXC
Unlike the other names on this list, utility giant Exelon doesn't have a streak of annual dividend hikes. But its 7 percent yield is too good to ignore, especially when you consider the opportunities the company has with its extensive nuclear power production capacity and commitment to clean energy initiatives. As global warming awareness grows, Exelon should see even more demand for its fossil-fuel-free energy alternatives
Altria - MO
Investors have long looked to tobacco stocks for lucrative payouts, and the company behind the popular Marlboro brand is no exception. With 44 years of dividend increases and a 5.6 percent yield, Altria's hard to outdo on the dividend front, and even though the company faces ongoing regulatory threats and ad campaigns urging smokers to quit, the company has thrived in the past despite similar conditions
AT&T - T
The company that once dominated the telecom industry isn't the ultra-conservative stock it once was, but with a 5.3 percent dividend yield, it has the highest yield in the Dow Jones Industrial Average and has been increasing its payout for 29 straight years. Thanks to smartphone and tablet growth, the wireless network provider has plenty of room to expand and improve its offerings, all the while collecting millions of monthly bill payments from customers.
McDonald’s (NYSE:MCD) franchises and operates McDonald’s restaurants in 119 countries globally. The company has raised distributions for 36 years in a row. The stock trades at 16.50 times earnings and yields 3.50%. Check my analysis of the stock for more information.
Johnson & Johnson (NYSE:JNJ) is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. The company has raised distributions for 50 years in a row. The stock trades at 14.20 times earnings and yields 3.50%.
Kimberly-Clark – KMB
Consumers never stop needing personal products, and with its Kleenex tissues, Huggies diapers, and Scott paper products divisions, Kimberly-Clark offers a 3.5 percent yield and 40 years of income raises for shareholders. As billions of emerging-market consumers get the means to buy its goods, Kimberly-Clark will see more growth potential
Procter & Gamble (NYSE:PG) is focused on providing consumer packaged goods, which are sold in more than 180 countries primarily through mass merchandisers, grocery stores, membership club stores, drug stores and high-frequency stores. The company has raised distributions for 56 years in a row. The stock trades at 18.70 times earnings and yields 3.30%.
Chevron (NYSE:CVX), through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company has raised distributions for 25 years in a row. The stock trades at 8.70 times earnings and yields 3.30%.
Walgreen (NYSE:WAG), operates a drugstore chain in the United States which provides its customers with access to consumer goods and services, pharmacy, and health and wellness services in communities across America. The company has raised distributions for 37 years in a row. The stock trades at 16.50 times earnings and yields 3%. Check my analysis of the stock for more information.
Good Article
http://www.dailyfinance.com/2013/01/02/13-common-money-mistakes-to-avoid-in-2013
Out of the 13 mistakes
I think the below 10 mistakes are important :-
Carrying a credit-card balance
Being too scared to invest in stocks
Buying Mutual Fund
Buying Bond Fund
No Insurance Coverage
No Will
Having High Interest Rate Mortgage
No Retirement Fund
Shop during no sales period
Ignore Credit Rating/Scoring
SUKE , a six lane flyover, Sungai Besi – Ulu Kelang Elevated Expressway (SUKE)
Very nice map by Vincent ! Bravo!
According to Vincent drawing, it will cross OCBC … and turn to lenSeng…* Info below means that the respond for the institutional allocation is highly sought after and CIMB is seeking in more bidders overseas as well. If you guys got it, it will likely to go north :) *
Info: 30/10/09
MAXIS - Institutional tranche now over 2x covered
The institutional tranche is now over 2x covered. Asia 1on1s are being converted and quality in book is increasing. Balance of local vs Int'l demand is now 50/50. The roadshow still has Middle East, London, Europe, and USA to go with over 50x 1on1 meetings. Orders in to book prior to end of week-one (cob today) will be looked upon favorably in allocation process.
MAXIS
Response to Maxis Bhd’s share sale, Malaysia’s largest initial public offering (IPO), is said to be tepid thus far, with asking prices said to be near the lower end of the RM4.80 and RM5.50 price range that book-runners are indicating, with one or two are at RM5.20, but very few are willing to pay that much.
LTH had publicly declared his fund would not pay more than RM5.20 apiece for Maxis shares. The fund manager is picking up Maxis shares “for benchmarking purposes”.
The final retail and institutional price for the Maxis shares are to be fixed by Nov 10 2009, after the conclusion of the book-building exercise on Nov 9 2009.
Shares of the country’s leading mobile operator are set to debut again on the Main Market in a little over three weeks on Nov 19 2009.
Some 91% of the shares are slated for institutions, while 150 million shares or 6.7% of the total offered shares are for the general public. Retailers are expected to get about 5% to 10% discount on the institutional price.
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What’s NEXT! … Oct 2009
As Maxis’s bookbuilding for the institutional portion of its IPO kicks off, PNB is said to be taking up 20% of the 862 million shares set aside for bumiputera institutional funds. The rest of the shares are expected to go to familiar names such as LTH and KWSP, in particular, is said to be fond of telecommunications stocks.
Sources say EPF is also eyeing a portion but a smaller one than PNB’s.
At the moment, all the funds are going in at RM4.80, which is the strike price for the cornerstone funds. Thus, other mutual funds will be expected to pay higher than that. This represents the lower end of the range that had been reported where the price was expected to fall between Rm4.80 – RM5.50.
Also in the mix, it is leant, are foreign funds such Franklin Templeton Asset Management, which is expected to pay slightll more than Rm5 per share with the intention of taking up between 1% and 2% of the allotted institutional shares.
The common is that Maxis looks expensive even at RM4.80. This is based on the fact that it is only the Malaysian operation that is being listed and that competition in the local telecommunications sector is tough.
However, there is no shortage of suitors, with around two third of the institutional shares taken up even before the book opened on 23rd Oct 2009. This is because even though it is expensive at RM4.80, the price is acceptable compared to earlier suggested RM6.00.
At an indicative price of rm4.80 to RM5.50 the valuation seems more palatable. Even so, at RM4.80, the institutional portion of the shares – equivalent to 27.67% of maxis’ paid up capital – is worth a cool RM9.94 billion. Assuming the average price placed out to institutional investors while the retail offering stands at 174.8 million shares.
The lure of the lower price aside, the institutional funds know that it would be foolhardy to not include Maxis in their list of investments. The scarcity of shares in which MAXIS Communications Bhd will still hold 70% of the company post listing, ensures intense bidding among institutions.
So, in its current (Oct 2009) position, how much is MAXIS worth to an investor? You can price MAXIS as either a growth stock or a dividend stock.
If it were priced as growth stock, in terms of PER, investors would compare it to what is currently (Oct 2009) listed on the local bourse. Take DIGI, which is currently priced at about 15 times PER. At 15 times PER, Maxis is worth about RM4.50.
If MAXIS is priced as dividend stock, it is worth about RM4.00. This is because DIGI has about 6% dividend yield and a payout ratio of almost 90%. Based on that, if MAXIS gives a dividend of 27 sen based on a 90% payout ratio, the stock will have a yield of 6.8% and therefore, will be worth about RM4.00.
These theories are based on local terms because DIGI is a pure Malaysian player as well.
But if u priced the stock on regional terms, where the average PER is close to 10 to 11 times, the price would be close to RM3.30. These are other companies in the region that give a higher dividend yield of, say 10%.
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Its Prospects … dated Sept 2009
Saudi Telecom Co (STC) has a 25% stake in Binariang GSM Sdn Bhd, the parent company of Maxis.
Two years ago (2007), MAXIS was taken private in a RM39 billion exercise.
By relisting MAXIS, Ananda gains big time on three counts …
· He is relisting only his Malaysian teleco assets whereas the MAXIS he took private in 2007 included international assets.
· Through a series of deft pre-IPO restructuring, Binariang, which he controls privately, will raise billions in cash that will enable him to retire virtually all the debt he and Binariang had taken to privatize MAXIS if he chose to. In short, Binariang will be able to pay the bulk of its debts and still end up controlling 70% of the relisted MAXIS
· Ananda will score brownie points with Najib, who is also finance minister and who wants to put
At the same time, Binariang need to restructure its debts. Binariang has three denominated debts of RM21 billion and US dollar denominated debt paper of US$900 million. Sources say Binariang needed to shore up its balance sheet to continue to enjoy a debt rating of AA (2) and A (3) respectively for the ringgit and US dollar debts.
The say Binariang needed to inject more money into its Indian telco Aircel Cellular Ltd, but it would have been difficult for it to borrow unless it restructured its existing debt. They also say the global financial crisis meant bank borrowings had become more difficult and expensive.
It was a combination of the financial crisis, which made the US dollar borrowing expensive, and Maxis’ Indian operations requiring capital to expand market share that led to the restructuring of Maxis and listing of its Malaysian arm.
The Indian operation is key to Ananda’s realizing his dream to have a cellular mobile empire with strong presence across
When Maxis was taken private in 2007, it was primarily because the listed company would incur massive debt due to its operations in
Binariang later sold a 51% interest in its Indonesian arm PT Natrindo Telepon Seluler to STC, leaving it and Maxis with Aircel as its major overseas investment.
To compete aggressively, Aircel needs more capital, an asset not all shareholders of Binariang may be comfortable with.
The biggest shareholder of Binariang is Ananda, with a37% stake, followed by Harapan Nusantara Sdn Bhd, with 30%. STC holds 25% equity stake while Shield Estate NV, a vehicle linked to Ananda has 8%.
Aircel’s capital expansion programme over the next four years (2010-2013) is about RM16.4 billion and this is expected to be primarily financed via additional equity and/or debt.
In line with Aircel’s funding needs, the group (Binariang) debt load is expected to balloon to around RM25 billion in 2010 (from RM21 billion as at Dec 2008).
It was the rating rationale that gave the market the first indication of the need for Binariang to undergo a restructuring to give Aircel additional funds to accelerate expansion.
The restructuring and relisting of Maxis are being done in a manner that will solve Binariang’s balance sheet and funding woes and give the company the flexibility to expand in India and other countries without burdening shareholders.
MCB will list its Malaysian arm Maxis Bhd by divesting 30% or 2.25 billion shares to investors. MCB is wholly owned by Binariang.
Assuming the sale is done at Rm5 per share, the divestment will net MCB some RM11.3 billion and value the Malaysian assets at RM37.7 billion. This compares with the RM39 billion valuation of Maxis that included its entire Malaysian and overseas assets when it was taken private.
Also, prior to the relisting, MCB is undergoing a restructuring that will see Maxis acquiring assets from the parent (MCB) for close to Rm4 billion and also receiving a dividend payment amounting to RM4.03 billion.
As a result of the pre-listing restructuring, Maxis will owe MCB RM4.99 billion. Maxis will seek Rm5 billion long term external debt to repay the debt.
Apart from that, four subsidiaries of MCB have declared dividends to MCB to the tune of RM4.03 billion before the upcoming listing .Of this amount, some RM2.84billion was paid in cash. The remaining RM1.18 billion will be settled by Maxis from the Rm5 billion borrowing. The dividends were declared by utilizing the retained earnings of four subsidiaries, which will come under the Malaysian arm Maxis after the listing.
Apart from dividends from the four subsidiaries, Binariang also received dividends to the tune of RM290 million in respect of redeemable convertible preference shares in Maxis Broadband.
In a nutshell, even prior to the listing, MCB (which is 100% owned by Binariang) will receive Rm7.84 billion in dividends and divestment of assets arising from the prelisting restructuring. Together with the RM290 million that Binariang received for its preference shares, the total sum MCB will ;ay the holding company is more than RM8 billion.
Add the post IPO proceeds of some RM11.3 billion (assuming the sale of 30% of Maxis is done at RM5 per share) to the Rm8 billion and the total proceeds that Binariang will get are more than a whopping RM19 billion. That is not too far off the cost incurred by Ananda and Binariang when they took Maxis private.
Then, Binariang had piled on ringgit debt papers of RM21 billion that were used to buy out old Maxis’ minority shareholders.
What is the upside for Ananda and Binariang after Maxis Bhd is relisted?
When Maxis was take private, it had both the international and local businesses. Now (Sept 2009), only the local arm is being relisted and the proceeds received will almost cover the debt incurred in taking Maxis private, if the shares are sold at Rm5 and above.
Effectively, if the shares are sold at Rm5, this will value the Malaysian operations at Rm37.7 billion. When Maxis was privatized at RM15.60 per share, the company’s market capitalization stood at Rm39 billion.
Also, after taking Maxis private, STC invested a total of US$3.1 billion to take a 51% stake in Maxis Indonesian operations and a 25% stake in Binariang. This was done via an issue of new shares, which meant the money went to Binariang’s coffers, hence reducing its cost of taking the old Maxis private by some RM10 billion.
The funds from STC are said to have been channeled into Binariang‘s overseas operations. Also, STC, together with Binariang, jointly underwrote a US$900 million loan for the Indian expansion.
If Ananda can raise enough funds from the relisting to pay off the ringgit papers raised to fund the fund the privatization of Maxis, he will free Binariang from a substantial amount of debt and still end up owning 70% of a listed Maxis and 100% of MCB’s overseas arm.
But the question is, will Maxis be able to lost a Rm5 a share or more?
So far, based on reports, the valuations given to Maxis range from Rm4 to Rm6, depending on the kind of valuation method.
If based on EV/Ebitda, a RM5 tag is too high as it would translate to more than nine times EV/Edita. On the other had, if Maxis is positioned as a dividend play, it can fetch a higher price of about rm5 a share. But then if investor is looking at dividend play, there are other options such as DIGI and Axiata.
A New Versus Old Maxis
When Maxis or old Maxis debuted on the Main Board in July 2002 with just over three million subscribers,
Between 2006 and 2008, Maxis’ revenue grew 21.5% to Rm8.45 billion in FY2008 from RM6.96 billion in FY2006 even as its mobile subscriber base expanded around 18% a year in Dec 2008 from Dec 2006. Mobile revenue, which made up over 90% of Maxis group revenue, grew 20.4% to RM7.9 billion in 2008 from Rm6.5 billion in 2006.
Today (2009),
The battle for price sensitive prepaid users has also become cutthroat, with at least four active mobile virtual network operators selling rebranding mobile services rising Celcom Bhd’s network.
And it is in this scenario of a highly competitive near saturated market than Maxis Bhd or the new Maxis is seeking to list on the Main Board without its sister companies in India and Indonesia that are still in the red due to start up losses.
Given tougher market conditions, the question is. What kind of growth can Maxis deliver in the current environment?
From the growth that Maxis has delivered over the past two years under the new group CEO, the need to perform remains imperative. Maxis os after all still under AK company.
In
However, due to competitive pressures, Maxis’ Ebita margin fell for the six months ended June 2009. Celcom’ slide however was relatively smaller.
There are also Maxis dominance coming under threat.
Its postpaid revenue market share has slipped below the 50% mark. It is also no longer the leader in terms of prepaid ARPU. Maxis was the only one of the big time operators to lose prepaid subscriber market share in 1H2009.
Celcom has made known its intention to unseat Maxis as market leader by 2011.
In terms of mobile broadband users, Celcom has been more successful in growing its subscriber base.
Nonetheless, the fact remains that competition is getting tougher and margins are being eroded. Without the potential growth factor from markets abroad, Maxis’ valuations would likely be closely tied to its ability to generate cash and pay dividends.
At the indicative IPO price of for institutional investors is RM5.50 apiece and retail price of Rm4.95) to be fair as it would imply an equity valuation of RM37.1 billion or 16.3 times annualized 1HFY2009 earnings and nine times EV/Ebita.
The valuation is on par with the prospective PER of 14 to 16 times at which domestic and regional mobile companies are trading..
Be that as it may, the absence of the potential growth factor from markets abroad and heightening competition in a near saturated market at home mean it would be tough for the new Maxis to outshine the old Maxis.
Malaysian Public can apply for Maxis IPO
To eligible customers onlyName :
Owner of Account Number :
1. You have met the eligibility criteria for active postpaid customers of Maxis’ mobile services (other than Elite members of the Maxis One Club), and as such you are eligible to apply for 1,000 Offer Shares pursuant to the Retail Offering using the BLUE Application Form. A successful applicant will receive 1,000 Offer Shares each. Terms and conditions apply.
As an eligible postpaid customer who has made an application using the BLUE Application Form, you may still apply for the Offer Shares offered to the Malaysian public using the WHITE Application Form, Electronic Share Application or Internet Share Application.
2. However, please be advised that applicants using the BLUE and WHITE Application Forms are not allowed to submit multiple applications in the same category of application. Further, applicants who have submitted their applications using the WHITE Application Form are not allowed to make additional application using the Electronic Share Applications and Internet Share Applications.
3. You may obtain a copy of the BLUE Application Form and Maxis Prospectus from the nearest Maxis Centre / Maxis Exclusive Partners (MEPs) Centre.
4. The Retail Offering opened at 10.00 a.m. (Malaysian time) on 28 October 2009 and will close at 5.00 p.m. (Malaysian time) on 5 November 2009. The Directors of Maxis Berhad, Maxis Communications Berhad (the Selling Shareholder) and the Majority Joint Managing Underwriters (as defined in the Maxis Prospectus) may decide in their absolute discretion to extend the closing time and date for applications under the Retail Offering to any later date or dates. Any extension will be announced in a widely circulated Bahasa Malaysia and English daily newspaper in Malaysia
5. Each completed Application Form, accompanied by the appropriate remittance and legible photocopy of the relevant documents (including a copy of your recent billing statement for your subscription to Maxis’ mobile services for postpaid) may be submitted using one of the following methods:
(i) dispatched by ORDINARY POST in the official envelopes provided, to the following address:
Malaysian Issuing House Sdn Bhd (Company No. 258345-X)
27th Floor Menara Multi-Purpose
Capital Square
No. 8, Jalan Munshi Abdullah
50100 Kuala Lumpur
P.O. Box 13269
50804 Kuala Lumpur
Malaysia
(ii) DELIVERED BY HAND AND DEPOSITED in the Drop-In Boxes provided at the back portion of Menara Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur, Malaysia,
so as to arrive not later than 5.00 p.m. (Malaysian time) on 5 November 2009, or such later date or dates as the Directors of Maxis Berhad, Maxis Communications Berhad (the Selling Shareholder) and the Majority Joint Managing Underwriters (as defined in the Maxis Prospectus) in their absolute discretion may decide.
6. Enquiries in respect of the applications may be directed as follows:
Mode of application Parties to direct the enquiries
Application Forms Issuing House at telephone no. 603-2693 2075 (10 lines)
Electronic Share Application Participating Financial Institutions
Internet Share Application Internet Participating Financial Institution and Authorised Financial Institution
You may also check the status of your application on the Issuing House’s website at www.mih.com.my, or call your respective ADA at the telephone number as stated in Section 17 of the IPO Prospectus or the Issuing House at telephone no. 603-2693 2075 (10 lines) between 5 to 10 Market Days (during office hours only) after the balloting date.
ANNANDALE, Va. (MarketWatch) -- Is the stock market's rally coming to an end? Or is this week's churning action merely the pause that refreshes? The difference between a top trader and the rest of us lies in how these questions are approached. Most of us are merely reactive, getting excited in the wake of any rally and becoming discouraged whenever the market declines -- even when it declines by as little as it did on Thursday, when the Dow Jones Industrial Average(INDU 9,370, +113.59, +1.23%) dropped by just 25 points. A top trader, in contrast, relies on a set of indicators with proven track records that he or she will have identified in advance. This enables the trader to objectively determine when to sell rather than be vulnerable to emotions in the heat of the moment. It is with this contrast in mind that I turn once again to Ned Davis, the founder of the institutional research firm Ned Davis Research. I devoted a column a week ago to a discussion of the indicators on which Davis relies to determine whether we are in a secular or a cyclical bull market. ( Read my July 30 column.) (For those who don't want to take the trouble to click through to that earlier column: Davis concludes that we're in a cyclical bull market.) In recent days, Davis has turned his attention to what would signal that it was time to reduce equity exposure and go to cash. He mentioned four indicators, any one of which would likely cause him to start selling: Valuation. Davis would look to exit from stocks whenever the P/E ratio on the S&P 500's normalized earnings reaches 20. To be sure, putting this indicator into practice is a bit tricky, since it requires normalizing those earnings -- adjusting them, in other words, for where we are in the economic cycle. Nevertheless, Davis calculates that normalized earnings on the S&P 500 index(SPX 1,010, +13.40, +1.34%) currently stand at "around $60," which suggests that Davis will be looking to start exiting the market at the 1,200 level. Sentiment. Davis maintains his own sentiment index, which he calls his "Crowd Sentiment Poll." This index currently stands at 62%, according to Davis, which is just above the 61.5% level that he considers to be the lower bound of "extreme optimism." He says that, on past occasions when this index has risen above 61.5%, its eventual peak has averaged 68%. He says that reaching that level this time around would "be a sign for traders to begin selling weak performers." Internal market divergences. The indicator that Davis relies on here is one that was created three decades ago by Norman Fosback, who currently edits a newsletter called Fosback's Fund Forecaster. The indicator is called the "High Low Logic Index," which represents the lesser of new 52-week highs or new 52-week lows as a percentage of all issues traded. In Fosback's book "Stock Market Logic," he describes this indicator's rationale as follows: "Under normal conditions, either a substantial number of stocks establish new annual highs or a large number set new lows -- but not both. As the [High Low] Logic Index is the lesser of the two percentages, high readings are therefore difficult to achieve. ... When the Index attains a high level, it indicates that the market is undergoing a period of extreme divergence. ... Such divergence is not usually conducive to future rising stock prices." Fortunately for the current market, this index is solidly in bullish territory right now at 0.8%, according to Davis' calculations. He says that it would have to rise to around 2.5% before he would start looking for the exit signs. Rising interest rates. Davis has found from his research that one of the best market timing indicators in recent years has been the 26-week rate of change for investment-grade bond yields. With that rate of change currently standing at minus 12.6%, a sell signal from this indicator is not imminent. The bottom line? Only one of these four indicators is even close to flashing a warning signal right now, which is why Davis is bullish right now. But, based on my tracking of his daily hotlines in recent years, I am confident that he won't hesitate to turn neutral or even bearish when these indicators turn. Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980. From http://www.marketwatch.com/story/four-things-that-will-indicate-rally-may-be-over-2009-08-07Four warning signs
Commentary: Here are four indicators to watch for when rally may be over
By Mark Hulbert, MarketWatch
All Trader Types
Accurate Trader
If you are an accurate trader, then you tend to be quiet and very responsible in meeting your obligations even beyond the call of duty. You are also thorough, practical and very accurate. You are the type of person that I'd want keeping track of my trades and that is your strong point. Your world probably tends to be very concrete and you value harmony and co-operation. However, trading/investing ideas tend to be very abstract. In addition the trading world tends to be very solitary...
One of your Trading Strengths
If someone hands you a system that works – you can follow through with it. You like things that are proven.
One of your Trading Challenges
Thinking too much could lead to analysis paralysis which could be a constant threat.
People who fit into this category have several of the qualities that make a good trader. You tend to be practical and realistic, and decisive. You move quickly to implement decisions and these are all good for trading. You love facts and what you think is concrete. You are very good at making sure that things run smoothly. As a result, you tend to be good at organizing projects and people to get things done the most efficient way possible...
One of your Trading Strengths
You should have no problems staying with and executing a simple trading system that someone gives you and you feel confident about.
One of your Trading Challenges
You love the details of trading system analysis and development so much but you can often be working on the wrong things. Your efforts can be misguided if you are following the wrong guidelines or advice.
Generally you are a quiet and flexible observer until a problem appears and then you act quickly to find a solution. You are good at determining what makes things work and going through a large amount of information to find out what is important. This quality will help you immensely as a trader. You are not easily persuaded by anything that is not based on fact. However, if your orientation tends to be external, then you are probably a big risk taker...
One of your Trading Strengths
You're great at analyzing details to determine what makes things work.
One of your Trading Challenges
You might have problems with self analysis which is critical to eliminating mistakes in trading.
If you are an accurate trader, then you tend to be quiet and very responsible in meeting your obligations even beyond the call of duty. You are also thorough, practical and very accurate. You are the type of person that I'd want keeping track of my trades and that is your strong point. Your world probably tends to be very concrete and you value harmony and co-operation. However, trading/investing ideas tend to be very abstract. In addition the trading world tends to be very solitary...
One of your Trading Strengths
If someone hands you a system that works – you can follow through with it. You like things that are proven.
One of your Trading Challenges
Thinking too much could lead to analysis paralysis which could be a constant threat.
Being an Artistic Trader suggests that you enjoy what's going on around you and being in the "now." You like to have your own space and work within your own time frame. In this sense you enjoy the independence of trading, although not the fixed hours of the markets. One of your strengths is your ability to be open-minded, adaptable and flexible, so if you can figure out how to apply that to trading, it will improve your chances of success...
One of your Trading Strengths
You have an ability to be open minded, adaptable and flexible within your trading.
One of your Trading Challenges
Finding and fixing mistakes are not preferred behaviors.
The Detailed Trader type suggests that you are very quiet and serious. You tend to earn your success by being thorough, methodical, systematic, organized, and dependable. You are also realistic and responsible as long as things make sense for you. You have two of the three qualities that are necessary for trading success (i.e. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). Thus, if you are willing to commit yourself, you'll probably be quite successful as a trader. However, you may need some help seeing the big picture that is necessary for trading success...
One of your Trading Strengths
You should have no problems staying with and executing a simple trading system that someone gives you and you feel confident about.
One of your Trading Challenges
You love the details of trading system analysis and development so much but you can often be working on the wrong things. Your efforts can be misguided if you are following the wrong guidelines or advice.
The Facilitative Trader type suggests that you are very quiet and serious. You tend to be very sociable and good at facilitating others as a group leader. You tend to provide inspiring leadership as you find potential in everyone and you want them to fulfill their potential. As a result, you might be a good leader of traders, but be aware that you could be stretching yourself to be an individual or solitary trader. However, you probably like to be well organized, which is quite a useful trait for a trader/investor and you do have two of the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture and connections between things. You are also decisive, orderly and able to do things sequentially).
Furthermore, you'll work at maintaining structure but you probably do not like to deal with logic and ideas, so trading system development could be a big problem for you.
One of your Trading Strengths
You bring energy, creativity and a willingness to explore new ideas to system development and trading.
One of your Trading Challenges
May have a need for external confirmation of your ideas, systems and beliefs to the detriment of developing your own system.
You tend to be optimistic, outgoing, playful, loving life, the people around you and your material comforts. You probably enjoy working with others to make things happen and are more gregarious than the other trader types, finding security in your connection with others. You also bring a logical, common sense approach to your work. And you like to things to be fun. You are highly productive and have an infectious zest for life...
One of your Trading Strengths
If you choose to trade, you would be optimistic about your chances in the markets.
One of your Trading Challenges
You will have a tendency to throw good money after bad to try to jumpstart a losing trade and turn it around.
If the markets interest you, you'll probably work to develop a logical explanation for how they work. This is because you love theoretical ideas and abstract concepts (in fact, much more so than people interactions). This can be great for trading success, if you don't get too theoretical. This type of trader profile suggests that you value knowledge above all else. As a result, you'll be constantly generating new ideas about the market or trying to disprove the ideas that you learn from others...
One of your Trading Strengths
You can quickly determine if a new style of trading or system will fit well with your personality.
One of your Trading Challenges
Your trading could dominate your time and you could become socially isolated, which in turn could upset others, particularly if you have a spouse.
Your goal is probably to understand the world, constantly absorbing new information that comes your way. You then process all of this through your intuition to quickly size up what is going on around you. This can be an excellent quality for traders and investors if you get the right information. Otherwise your decisions and conclusions may tend to be flawed. And this could be costly for you as a trader...
One of your Trading Strengths
You can quickly determine if a new style of trading or system will fit well with your personality and you get very excited about it.
One of your Trading Challenges
You want external confirmation for everything and have a strong need for a mentor.
You tend to be decisive and to the point. You'll quickly assume leadership when it is called for by the circumstances around you. You have the ability to quickly develop and implement trading systems to meet your needs. You have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). You can easily spot logical inefficiencies in the market and take advantage of them, especially if you are pointed in the right direction. You enjoy long-term planning and goal setting and seem to enjoy learning, expanding your knowledge and staying well-informed...
One of your Trading Strengths
Originality and drive; willingness to follow your ideas through to completion.
One of your Trading Challenges
Probably so logical that you don't recognize when emotions are causing you to self-destruct.
Socially Responsible traders tend to be very loyal, especially to your values and to people who are important to you. In addition, you want an external life (and a market) that is congruent with your values. However, the market is going to do what it is going to do. You tend to be quick at seeing the possibilities, meaning that you can easily find opportunities in the market. You probably deal with the market according to your personal values and how you feel at the time...
One of your Trading Strengths
Totally motivated by your values and what "feels right" to you.
One of your Trading Challenges
Without an understanding of how to evaluate systems, you may persist in your market and trading beliefs despite the weight of objective evidence to the contrary.
You probably live in a world of ideas and strategic planning. This is because you value intelligence, knowledge, and being competent. These are great qualities for a trader/investor. In fact, you have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). You have an original mind and a great drive to implement your ideas and achieve your goals. Thus, if trading success is important to you, you'll probably find a way to achieve it...
One of your Trading Strengths
Originality and drive; willingness to follow your ideas through to completion.
One of your Trading Challenges
Probably so logical that you don't recognize when emotions are causing you to self-destruct.
You tend to focus on the details of life, seeing what needs to be done and doing it in a conscientious manner. You take your responsibilities very seriously and you are very dependable, practical and realistic. At the same time, you strongly value security and stability. You tend not to be a risk taker, but you could see yourself as an investor as long as you had a structure to work under...
One of your Trading Strengths
Your creativity often comes from flashes of insight into the nature of things or the needs of people.
One of your Trading Challenges
You have trouble taking socially adverse trades, which if you dig deep would eliminate a lot of options for you in trading.
Value Driven Traders typically need to do their own thing and trade something they deeply believe in that is self-generated. If you've listened to the media about what's important to success, then you could find yourself trading with some version of that, but with disastrous results. You tend to get your sense of meaning out of relationships, ideas, and material possessions, which suggests that you would tend to be motivated to make money. You have two out of the three characteristics that make a great trader you have the three core qualities that are essential to being a great trader (i.e. you have the ability to see the big picture, new possibilities and connections between things. And you are decisive, orderly and do things sequentially)...
One of your Trading Strengths
Can readily grasp how the markets work and develop new low-risk ideas.
One of your Trading Challenges
If you accept the status quo of society and how trading “should be done” as your understanding of the markets, then you’ll probably jump right in and make a mess of things.
I have been using dozens of top research sites, some of the notable one...
www.investors.com
www.motleyfool.com
www.moneycentral.com
www.marketwatch.com
www.morningstar.com
recently, finance.google.com
morningstar, google finance, marketwatch are best in terms of comprehensiveness and timeliness
Note : Consolidate the information, and make your OWN decision, not based on the sites recommendation.
p.s. See what the gurus buying... Eg Warren Buffett >> http://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett
The property market was bustling with robustness due to the slew of measures to boost the sector. Does that still hold in the current climate of uncertainty?
WHEN it rains, it pours. Inflation jitters, global credit tightening, stubborn high oil prices (and rising) and a looming food crisis have been major beefs weighing down global economies over many months.
As a direct consequence of battered consumer and business sentiments, companies have been snipping away at their sales forecasts, causing jitters in equity markets across the board. Such sentiments have led to a volatile and fluid environment; market pundits have not been spared from the wild swings as they vacillate between the “worst is over” and “there's still bad news in store.”
In Petaling Jaya and Kelana Jaya, prices are going between RM400 and RM450 psf, and have the further benefit of infrastructure capital. Time to buy property?
Hence we have a general undertone that is still one of restrain and uncertainty. The lowered wealth effect from equity markets heightens the defensive nature of investors.
This has obviously put a damper on Malaysia's property market, taking some shine away from its robustness last year, not least because of the slew of attractive measures to boost the sector.
The fluid political landscape in Malaysia does little to lift the cloud for investors, most of whom are evidently adopting a wait and see approach.
But interestingly, economists say that during times of inflationary pressures, real estate in fact offers a good hedge against inflation. (Inflation hedging is when the real return of an asset is independent of the rate of inflation. Generally, an asset is a complete hedge against inflation when its nominal return changes in a one-to-one relationship with inflation).
Citi Research expects, that over the long run, property rents and asset values to rise in line with inflation, but more likely with nominal gross domestic product.
Will prices slide?
“There is no way property prices are going down. Construction and labour cost is going up. Land cost is also fixed. If you have money, you have to invest, because you won't get them any cheaper,” says Hall Chadwick Asia Sdn Bhd chairman, Kumar Tharmalingam.
“For example, if you bought a home 18 months ago or if you buy that very same house today, it is likely to be more expensive now than it was 18 months ago,” says Kumar.
Wong: The demand for properties depends on perception. Real Estate and Housing Developers' Association (Rehda) president Ng Seing Liong adds: “If I were a buyer, I would buy today, because raw material prices are going up. This is the time to buy,”
“Demand on property still depends on location. On the whole, the results of the recent general election did cause some instability and led to a wait-and-see attitude among house buyers. But the undercurrent is still fairly stable,” he says.
Getting the act together
While global financial markets will continue its roller coaster ride, most property experts opine that Malaysia is fairly well insulated, Although macroeconomic fundamentals are sound, asset prices have been temporarily dampened as investors price in discounts to factor in a possible slowdown in the future.
“The subprime in the US is not really affecting us. But because of uncertainties in equity markets, this is creating a temporary gap of expectation. People are anxious that their incomes may be eroded by rising commodity prices. Banks have also started to aggressively advertise again. But house buyers are holding back until the market clears,” says Kumar.
“We have been so used to being mollycoddled over the last 30 years. So the present situation confuses people especially the lower rungs of homebuyers. Among the developers, yes, there is a slowdown in the bread and butter homes, but it's marginal. There is perhaps a 10% drop across the board on the bread and butter homes of less than RM400,000,” says Kumar.
Rehda’s Ng says that the state and federal government should take more proactive measures in their approach to work together.
“Everyday we are hearing criticism from the various political parties which isn't constructive. We need to hear more positive statements,” he says.
Limited downside
Noteworthy is that Malaysia's property market has yet to strongly take off unlike Singapore and Hong Kong. In prime areas, where rental yields of 8% to 10% are easily achieved, the property's price downside risk is further protected.
Malaysia's property market is buffered as it isn't financed by international bankers, nor is it affected by foreign debt.
“Malaysian banks are in healthy financial positions. We are able to take loans up to 80%. Even the EPF helps to pay the downpayment for property purchases,” says Kumar.
Kumar says certain developers have been very innovative. Through unique landscaping and creative gardening, they are able to fetch a premium price tag although their developments are located out of the city.
“The development in Ara Damansara for instance is very clever, as it has divided its development into small plots, each with its own identity. Instead of saying they live in Subang Jaya or Section 19, PJ, they say The High, or The Swing,”
“These niche developments have a name of their own, and is a one-upmanship by the developer. This enables the developers to tweak the prices as they offer a sort of avant-garde kind of living,”
Kumar says there are new groups of homebuyers, the younger generation, who do not mind paying more for quality design.
In the condo sector, he sees pockets of excellence in Mont Kiara, KLCC, Ara Damansara, Petaling Jaya Section 16 and the Kelana Jaya area. Notable developers include Sime Darby, SP Setia, Gamuda and E&O.
“Mont Kiara is a good example of how other developers have tapped into pioneer developer Sunrise Bhd's blueprint and benefited from it. All the developers there are doing well because Sunrise has set the standard and quality. They match its quality, if not make it better. So although the place is so crowded, it has not lost its attraction,” says Kumar.
He adds that the slowdown in Malaysia's property sales has not been significant, somewhere around 10%.
“Developers have no choice but to keep the momentum going as most of them are public listed companies with earnings to deliver. If they can't sell at a previous high price, they will reduce its size or increase its value added proposition,” he says.
Wong is of the view that if a buyer has the intention to reside in a property, then the present time is the time to buy, as vacant land is scarcer especially in the prime areas.
“However, if you are buying to invest, perhaps pause for awhile, as the global situation is still uncertain. The Malaysian economy could be slightly affected by slowing exports, as the exports are currently supported by strong commodity prices. While the impact is not severe, it may slow down the economy,” he says.
Talking hi-end
One segment of the market that has certainly not been affected by inflation or credit worries is definitely the luxury and upper end property market. Because of healthy liquidity and wealth amassed, this segment continues to transact record prices.
Kumar says luxury homebuyers are typically high net worth individuals with deep pockets.
“Record prices in KL will continue to be transacted in the secondary market. One KL (a development by Datuk Chua Ma Yu) for instance, which started off at RM1,200 per sq ft (psf), recently had two transactions at RM2,000 psf. We have yet to see what kind of prices will be transacted when The Four Seasons is launched,” he says.
The Binjai and the Millenium Residence are other branded residences that may be tested with new benchmark pricing.
Currently, the average develper's selling prices of residential properties in Kuala Lumpur and its fringes range between RM1,300 and RM2,000 psf, while those in the suburbs are between RM700 and RM1,000 psf.
In the last few years, these apartments, which were sold for between RM500 and RM700 psf, have recorded price appreciation of between 70% and 120%.
“For suburbs such as Mont' Kiara and Sri Hartamas, prices start from RM650 psf and goes beyond RM1,000 psf. In Petaling Jaya and Kelana Jaya, prices are going between RM400 and RM450 psf, and have the further benefit of infrastructure capital.
“The KL City area is an AAA location. Prices will vary, but as long as we have tourism income contributing RM15bil-RM17bil a year, I don't see the property market being affected,” says Kumar.
On record prices, Ng says this is dependent on the yield that the particular property is generating. If the property is unable to command the said yield, property prices will eventually go down.
“Even if the area is a AAA location, but if it cannot get the yield required, the price will fall. The rule of thumb is that yields must be at least 5% of the property cost. Lets say you buy a property for RM1mil, therefore you should get rental of at least RM50,000 per annum. Otherwise the law of equilibrium steps in to bring the price down.”
Another area that Kumar foresees to be one of the hottest spots is the Bandar Utama, Mutiara Damansara and Damansara Perdana area. Known as the “golden mine”, the only missing ingredient is a link connecting all three townships.
“This has got to do with the stubborn old school mentality of the three developers. The linkages between Bandar Utama and Mutiara Damansara will benefit both the commercial centres of 1Utama and the Curve/Ikea/Cineplex area and Damansara Perdana.
Each has its own loyal purchasers but cross selling and ease of connections can only help both developers and Damansara Perdana in values and trade,” says Kumar.
He sees another future hot spot nearer the Shah Alam area, as many of the developers there are owners of huge tracts of landbank.
Among the developers in Shah Alam are SP Setia Bhd, Sime Darby Bhd, Island & Peninsular Bhd and IOI Corp Bhd.
