Good News on 11/03/2011

1. Uncertain year for palm oil

PETALING JAYA: Divergent views on crude palm oil (CPO) price forecasts ranging from RM2,250 to RM4,100 per tonne this year, amid uncertainties in crude oil prices and changes in biodiesel mandates, will compel planters to be more vigilant in their operations.

The average CPO price forecast made at the recently concluded Palm and Lauric Oils Conference 2011 (POC 2011) of RM3,100 per tonne bodes well for many local oil palm firms to continue gaining reasonable profits, said United Malacca Bhd chief executive officer Dr Leong Tat Thim. The cost of production for peninsula oil palm planters is said to be about RM1,200 a tonne, while for those in Sabah and Sawarak it is about RM1,300RM1,400 and RM1,400RM2,000 respectively.
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2. Move to amend Kootu Act

PETALING JAYA: A proposal has been made to amend the Kootu Funds (Prohibition) Act 1971 to increase the penalty under the Act.

Companies Commission of Malaysia public relations unit head Mohamad Shahren Moha-mad Yusri said the proposal was made because the existing law was insufficient to eradicate kootu schemes in the future. “The proposed amendments are expected to be tabled in Parliament this month,” he said in a statement yesterday.

A DRIP-ping trend

The Dividend Reinvestment Plan (DRIP), where investors have the option to take shares, cash or a bit of both could well become a trend among public-listed companies, especially those with steady dividend payouts, say analysts.

Banks especially are expected to do this ahead of the implementation of Basel III in 2012, which will require them to have a higher amount of capital-to-loan ratio (capital adequacy ratio). "It is particularly relevant for those requiring only a little capital, which would make a rights issue an uneconomical exercise for it," Jupiter Research Sdn Bhd head of research Pong Teng Siew told Business Times.

Of the three DRIPs announced in the last year or so, two are from banks, namely Malayan Banking Bhd and AMMB Holdings Bhd while the third is Axis-REIT Managers Bhd. Maybank, the DRIP pioneer, had an overwhelming response with an 89 per cent take-up rate. AMMB has yet to announce the results of the scheme while Axis-REIT still needs to get unitholders' approval. Another analyst, who declined to be named, said sectors which give regular and strong dividend payouts such as the real estate investment trust, telecommunications and banks could well start to favour DRIP as an alternative to cash dividends.

Couple this with a decent upside potential to the stock, and shareholders themselves could take a liking to opting for dividends to take the form of shares. DRIPs so far have accorded shareholders with a discount of up to 10 per cent to the market price. "From a minority shareholder point of view, it gives them an opportunity to evaluate their standing in the company. If they are still happy with the company then they can opt to reinvest in it. It is voluntary and it accords them more choice, which is always a good thing," OSK Research Sdn Bhd research head Chris Eng said.

Read more: A DRIP-ping trend

Salam 2011

Salam to all.

For the start in 2011, why not you all try 1 tip untuk melajukan bb anda...
boleh try guide d sini tip-lajukan-broadband-anda.html  ...


best wishes for 2011.

Dare to make a difference.

Dare to make a difference. 

"AirAsia chief, (Datuk Seri) Tony Fernandes, first bought a company for RM1 and took on all its debts. He was even seen lugging the passenger's luggage to the plane. He did crazy and unusual things and started the tagline ‘Now Everybody Can Fly'. That is business unusual," he explained.

"History is littered with great people who lived mundane life like everybody. However, they managed themselves and their businesses unusually, and stayed ahead of the pack. They did things that took them to the next level of unusuality."

"While it feels safer to be in a group, you will however never stand out. To be different and unusual, you must break away from the pack. After all, the only constant apart from death is change," he said.

Read HERE.

 

Dare to fight

air fight between two tonys become more interesting...

but moral of the story one should learn is 

dont ever scared to fight white guys...

read more>>>

CPO pass RM3000 per tonne

Palm oil advanced to more than RM3,000 (US$963) a metric ton for the first time since 2008.

The most-active contract gained as much as 1.2 per cent to RM3,021 a ton on the Malaysia Derivatives Exchange. Palm oil is the world’s cheapest and most consumed edible oil.

Living within your means

“Buy with cash. Don’t spend money you don’t have. Avoid using the credit card, and opt instead for a debit card,”

“Manage your money wisely so that money does not manage you in return,”

“You have a tendency to spend whether its on food, clothes, accessories or non-necessities when you’re at the mall. Once in a while it is okay, but doing it on a regular basis means digging deeper into the kitty. These are treats that should be rationed,”

“Financial flexibility is extremely important. You never know when you may be struck by illness or when a setback happens. But if you have the financial means, you will be prepared to handle it. Similarly, when opportunity strikes, you will be ready to grab it,”

READ MORE HERE>>