Vehicle Sales Up 16.8 Per Cent In April
KUALA LUMPUR, May 17 (Bernama) -- Sales of passenger cars and commercial vehicles in April increased 16.8 per cent year-on-year to 48,706 units from 41,686 units, says the Malaysian Automotive Association (MAA).
It attributed the higher sales to the rush to take delivery of the vehicles before the hike in interest rate.
However, sale of cars and commercial vehicles in April was 7,433 units, down 13.2 per cent when compared with March as production could not meet the April delivery deadline.
Sales of passenger cars in April rose to 43,661 units from 37,810 units in the corresponding month last year while that of commercial vehicles rose to 5,045 units from 3,876 units, said MAA in a statement on Monday.
Sales of passenger vehicles in the first four months of this year increased to 176,718 units from 147,111 units in the corresponding period last year.
Sales of commercial vehicles in the same period shot up to 19,403 units from 14,964 units previously.
For Jan-April period, total industry volume was up to 196,121 units from 162,075 units in the same period last year.
MAA said total vehicle production in April jumped to 49,666 units from 39,574 units in April last year.
Passenger vehicles production in April increased to 46,045 units from 36.562 units in April last year while commercial vehicles increased to 3,621 units from 3,012 units.
Passenger vehicles production in the four-month period rose to 176,686 units from 138,890 units in the same period last year while that of commercial vehicles went up to 16,127 units from 14,693 units.
For May sales forecast, sales volume is expected to be maintained at April level but higher than May last year.
-- BERNAMA
Tuesday, May 18, 2010
Friday, May 7, 2010
Sarawak Cable to raise RM9.1m from IPO
Friday May 7, 2010
Sarawak Cable plans two new products
By SHARIDAN M. ALI
sharidan@thestar.com.my
( Notes : Leader Universal own 25% of Sarawak Cable as the later being an associate)
KUALA LUMPUR: Sarawak Cable Bhd, a power cable manufacturer, aims to raise RM9.1mil from its initial public offering (IPO).
Managing director and chief executive officer Aaron Toh Chee Ching said the proceeds would be used to produce and commercialise two new products – low-voltage aerial bundled cables and low-voltage two-core twin twisted cables – by year-end.
“To boost our production capacity, we are investing in three additional machineries and equipment that will see our production capacity increase by 47%,” he said after the company’s prospectus launch yesterday.
The event was officiated by Second Minister of Planning and Resource Management and Minister of Public Utilities of Sarawak Datuk Amar Awang Tengah Ali Hassan.
Sarawak Cable’s IPO involves the sale of 19 million 50 sen shares to approved bumiputra investors and a public issue of 13 million new shares, of which six million are made available for the public and the remainder for eligible directors, employees and business associates. All shares are offered and issued at 70 sen each.
The company seeks to list on the main market of Bursa Malaysia on May 25. CIMB Investment Bank Bhd is the advisor, underwriter and placement agent.
“Post-IPO, our 50%-owned dormant subsidiary Sarawak Power Solutions Sdn Bhd will seek to venture into power-related and renewable energy industry,” said Toh.
He said that after the listing, Sarawak Energy Bhd would hold a 16% stake in Sarawak Cable.
“Our orderbook stands at RM64.2mil as at April, of which the bulk is due by year-end,” he said.
On a proforma basis, Sarawak Cable posted a profit after tax of RM8.1mil on a revenue of RM89.8mil for the financial year ended Dec 31, 2009.
Sarawak Cable plans two new products
By SHARIDAN M. ALI
sharidan@thestar.com.my
( Notes : Leader Universal own 25% of Sarawak Cable as the later being an associate)
KUALA LUMPUR: Sarawak Cable Bhd, a power cable manufacturer, aims to raise RM9.1mil from its initial public offering (IPO).
Managing director and chief executive officer Aaron Toh Chee Ching said the proceeds would be used to produce and commercialise two new products – low-voltage aerial bundled cables and low-voltage two-core twin twisted cables – by year-end.
“To boost our production capacity, we are investing in three additional machineries and equipment that will see our production capacity increase by 47%,” he said after the company’s prospectus launch yesterday.
The event was officiated by Second Minister of Planning and Resource Management and Minister of Public Utilities of Sarawak Datuk Amar Awang Tengah Ali Hassan.
Sarawak Cable’s IPO involves the sale of 19 million 50 sen shares to approved bumiputra investors and a public issue of 13 million new shares, of which six million are made available for the public and the remainder for eligible directors, employees and business associates. All shares are offered and issued at 70 sen each.
The company seeks to list on the main market of Bursa Malaysia on May 25. CIMB Investment Bank Bhd is the advisor, underwriter and placement agent.
“Post-IPO, our 50%-owned dormant subsidiary Sarawak Power Solutions Sdn Bhd will seek to venture into power-related and renewable energy industry,” said Toh.
He said that after the listing, Sarawak Energy Bhd would hold a 16% stake in Sarawak Cable.
“Our orderbook stands at RM64.2mil as at April, of which the bulk is due by year-end,” he said.
On a proforma basis, Sarawak Cable posted a profit after tax of RM8.1mil on a revenue of RM89.8mil for the financial year ended Dec 31, 2009.
Thursday, May 6, 2010
News You Could Use
(paste from BB notes)
Stocks are crashing, so you turn on the television to catch the latest market news. But instead of CNBC or CNN, imagine that you can tune in to the Benjamin Graham Financial Network. On BGFN, the audio doesn't capture that famous sour clang of the market's closing bell; the video doesn't home in on brokers scurrying across the floor of the stock exchange like angry rodents. Nor does BGRN run any footage of investors gasping on frozen sidewalks as red arrows whiz overhead on electronic stock tickers.
Instead, the image that fills your TV screen is the facade of the New York Stock Exchange, festooned with a huge banner reading: "SALE! 50% OFF!" As intro music, Bachman-Turner Overdrive can be heard blaring a few bars of their old barn-burner, "You Ain't Seen Nothin' Yet." Then the anchorman announces brightly, "Stocks became more atractive yet again today, as the Dow dropped another 2.5% on heavy volume - the fourth day in a row that stocks have gotten cheaper. Tech investors fared even better, as leading companies like Microsoft lost nearly 5% on the day, making them even more affordable. That comes on top of the good news of the past year, in which stocks have already lost 50%, putting them at bargain levels not seen in years. And some prominent analysts are optimistic that prices may drop still further in the weeks and months to come."
The newscast cuts over to market strategist Ignatz Anderson of the Wall Street firm of Ketchum & Skinner, who says, "My forecast is for stocks to lose another 15% by June. I'm cautiously optimistic that if everything goes well, stocks could lose 25%, maybe more."
"Let's hope Ignatz Anderson is right," the anchor says cheerily. "Falling stock prices would be fabulous news for any investor with a very long horizon. And now over to Wally Wood for our exclusive AccuWeather forecast."
Quote from :
The Intelligent Investor by Benjamin Graham
Revised edition with commentory by Jason Zweig
Stocks are crashing, so you turn on the television to catch the latest market news. But instead of CNBC or CNN, imagine that you can tune in to the Benjamin Graham Financial Network. On BGFN, the audio doesn't capture that famous sour clang of the market's closing bell; the video doesn't home in on brokers scurrying across the floor of the stock exchange like angry rodents. Nor does BGRN run any footage of investors gasping on frozen sidewalks as red arrows whiz overhead on electronic stock tickers.
Instead, the image that fills your TV screen is the facade of the New York Stock Exchange, festooned with a huge banner reading: "SALE! 50% OFF!" As intro music, Bachman-Turner Overdrive can be heard blaring a few bars of their old barn-burner, "You Ain't Seen Nothin' Yet." Then the anchorman announces brightly, "Stocks became more atractive yet again today, as the Dow dropped another 2.5% on heavy volume - the fourth day in a row that stocks have gotten cheaper. Tech investors fared even better, as leading companies like Microsoft lost nearly 5% on the day, making them even more affordable. That comes on top of the good news of the past year, in which stocks have already lost 50%, putting them at bargain levels not seen in years. And some prominent analysts are optimistic that prices may drop still further in the weeks and months to come."
The newscast cuts over to market strategist Ignatz Anderson of the Wall Street firm of Ketchum & Skinner, who says, "My forecast is for stocks to lose another 15% by June. I'm cautiously optimistic that if everything goes well, stocks could lose 25%, maybe more."
"Let's hope Ignatz Anderson is right," the anchor says cheerily. "Falling stock prices would be fabulous news for any investor with a very long horizon. And now over to Wally Wood for our exclusive AccuWeather forecast."
Quote from :
The Intelligent Investor by Benjamin Graham
Revised edition with commentory by Jason Zweig
Malaysia 2010 Q1 GDP growth more than 10%
Thursday May 6, 2010
Malaysia's Q1 GDP growth at 10-year high
The country’s economy is likely to register growth of more than 10%
in the first three months of the year
– an achievement not seen in the last 10 years.
The latest economic indicators show a positive trend.
Exports in March grew by 36.4% beating the market forecast of 22.4%.
Imports rose by 45.3% (forecasts were around 30%).
Malaysia's Q1 GDP growth at 10-year high
The country’s economy is likely to register growth of more than 10%
in the first three months of the year
– an achievement not seen in the last 10 years.
The latest economic indicators show a positive trend.
Exports in March grew by 36.4% beating the market forecast of 22.4%.
Imports rose by 45.3% (forecasts were around 30%).
Crude ends under $80 for the first time since mid March
SAN FRANCISCO (MarketWatch) -- Oil prices settled under $80 a barrel on Wednesday, pulled down by a stronger U.S. dollar, concerns about the political unrest in Greece and the state of other European economies, and a higher-than-expected rise in crude inventories.
Crude oil for June delivery slumped $2.77, or 3.4%, to $79.97 a barrel on the Comex division of the New York Mercantile Exchange. That is the lowest price for a most-active contract since March 15, according to FactSet Research.
Losses were deeper mid-morning and in the last hour of trading.
"People are worried that the bull market is over, that maybe we are seeing the tipping point," said Michael Lynch, president of Strategic Energy & Economic Research, in Winchester, Mass.
Macroeconomic backdrop and the falling euro at the center of their concerns dominated trading.
Investors are feeling that prices pushing towards $90 a barrel recently were not "appropriate for this point in the economic recovery," Lynch said. "People were wondering when it would be time to sell, and it looks like the sell-off is here."
The euro fell to $1.2825 but came off lows hit earlier in the session, while the dollar index /quotes/comstock/11j!i:dxy0 (DXY 83.96, -0.12, -0.14%) rose 0.9% to 84.06.
Worries about a potential debt crisis in Europe flared up again Wednesday as Moody's Investors Service placed Portugal's debt under review for a possible downgrade and violence erupted in Greece following a nationwide strike. Three people were killed after fires broke out at riots near an Athens bank. Read more on Greek violence.
The Energy Information Administration on Wednesday said crude-oil inventories rose 2.8 million barrels in the week ended April 30, which included a 1.7 million increase in inventories in Cushing, Okla., the delivery point for Nymex oil.
Analysts surveyed by Platts had expected crude stocks to increase by 1.54 million barrels.
Gasoline stockpiles rose by 1.2 million, the EIA said, when the expectation was of a modest rise of 200,000 barrels.
Refineries operated at 89.6% of their operable capacity, the EIA said. The refinery utilization rate expected by the analysts polled was 88.66%.
Gasoline futures were the worst-hit among energy products on Monday. Gasoline for June delivery declined 10 cents, or 4.4%, to $2.22 a gallon, reverting to prices last seen in late March.
Natural gas for June delivery retreated 2 cents, or 0.6%, to $3.99 per million British thermal units.
Analysts polled by Platts expect the EIA to report an increase by 80 to 84 billion cubic feet for natural gas in storage in the week ended April 30. The agency releases its weekly report on natural-gas storages Thursday at 10:30 a.m. Eastern.
Oil trimmed some its losses earlier after the April ISM nonmanufacturing index. The index came in under expectations at 55.4, unchanged with March's level, but investors took heart it didn't show an economic contraction.
News that private-sector companies added 32,000 jobs in April, according to the ADP employment report released Wednesday, did little to change oil's direction. The increase in ADP employment was in line with expectations.
Crude oil for June delivery slumped $2.77, or 3.4%, to $79.97 a barrel on the Comex division of the New York Mercantile Exchange. That is the lowest price for a most-active contract since March 15, according to FactSet Research.
Losses were deeper mid-morning and in the last hour of trading.
"People are worried that the bull market is over, that maybe we are seeing the tipping point," said Michael Lynch, president of Strategic Energy & Economic Research, in Winchester, Mass.
Macroeconomic backdrop and the falling euro at the center of their concerns dominated trading.
Investors are feeling that prices pushing towards $90 a barrel recently were not "appropriate for this point in the economic recovery," Lynch said. "People were wondering when it would be time to sell, and it looks like the sell-off is here."
The euro fell to $1.2825 but came off lows hit earlier in the session, while the dollar index /quotes/comstock/11j!i:dxy0 (DXY 83.96, -0.12, -0.14%) rose 0.9% to 84.06.
Worries about a potential debt crisis in Europe flared up again Wednesday as Moody's Investors Service placed Portugal's debt under review for a possible downgrade and violence erupted in Greece following a nationwide strike. Three people were killed after fires broke out at riots near an Athens bank. Read more on Greek violence.
The Energy Information Administration on Wednesday said crude-oil inventories rose 2.8 million barrels in the week ended April 30, which included a 1.7 million increase in inventories in Cushing, Okla., the delivery point for Nymex oil.
Analysts surveyed by Platts had expected crude stocks to increase by 1.54 million barrels.
Gasoline stockpiles rose by 1.2 million, the EIA said, when the expectation was of a modest rise of 200,000 barrels.
Refineries operated at 89.6% of their operable capacity, the EIA said. The refinery utilization rate expected by the analysts polled was 88.66%.
Gasoline futures were the worst-hit among energy products on Monday. Gasoline for June delivery declined 10 cents, or 4.4%, to $2.22 a gallon, reverting to prices last seen in late March.
Natural gas for June delivery retreated 2 cents, or 0.6%, to $3.99 per million British thermal units.
Analysts polled by Platts expect the EIA to report an increase by 80 to 84 billion cubic feet for natural gas in storage in the week ended April 30. The agency releases its weekly report on natural-gas storages Thursday at 10:30 a.m. Eastern.
Oil trimmed some its losses earlier after the April ISM nonmanufacturing index. The index came in under expectations at 55.4, unchanged with March's level, but investors took heart it didn't show an economic contraction.
News that private-sector companies added 32,000 jobs in April, according to the ADP employment report released Wednesday, did little to change oil's direction. The increase in ADP employment was in line with expectations.
BNM Reserves ~ 15 Apr 10 : RM 313.1 b
The international reserves of Bank Negara Malaysia amounted to RM313.1 billion
(equivalent to USD95.7 billion) as at 15 April 2010.
The reserves position is sufficient to finance 8.8 months of retained imports
and is 4 times the short-term external debt.
(equivalent to USD95.7 billion) as at 15 April 2010.
The reserves position is sufficient to finance 8.8 months of retained imports
and is 4 times the short-term external debt.
Perodoa aims to increase Export
Perodua Aims To Increase Exports To 5 Per Cent In 3-5 Years
RAWANG, April 22 (Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) aims to increase its exports to five per cent in the next three to five years from the current two per cent, managing director Aminar Rashid Salleh said Thursday.
The company was also looking to sell 3,000 units to overseas markets this year, up from only 2,000 units car sold last year due to the global economic crisis, he said.
"We will increase gradually, because we need to tackle a few areas, particularly quality, cost and productivity," Aminar told a press conference after Perodua's line-off ceremony for 1.7 million vehicles in 17 years by Deputy Prime Minister Tan Sri Muhyiddin Mohd Yassin.
"For the long term, we would like to increase it to about 10 per cent," he said.
To date, its export markets include Brunei, Fiji, Mauritius, Nepal, Singapore, Sri Lanka, and the United Kingdom, the company's biggest export market which makes up about 40 per cent.
Aminar said Perodua's focus was still in the Asean region as it wanted to take full advantage of the Asean Free Trade Area (AFTA).
"In the future, we are looking for countries where the regulations and standards are almost similar to those in Malaysia, making it easier for us to produce our vehicles in terms of emission control and safety requirements," he said.
Currently, Perodua is carrying out a feasibility study to enter the Thai market that will be completed in the third or fourth quarter this year and it will later look at opportunities in other Asean countries.
So far, the company has shipped 26,000 completely built-up (CBU) units under its Perodua badge, while 8,000 completely knocked down (CKD) units were shipped for Daihatsu in Indonesia.
It has recorded sales of a RM24 million since it started to export CKD components in 2003 to Pakistan, Indonesia and Japan.
"We would like to increase this to at least RM50 million over the next three years," Aminar said.
Also present at the event were International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Deputy Human Resources Minister Senator Datuk Maznah Mazlan.
The 1.7 millionth vehicle, an Alza standard variant, was rolled out at a simple yet significant ceremony.
Perodua employed 10,000 workers currently while its plant has the capacity to produce up to 250,000 vehicles a year on a two-shift cycle.
-- BERNAMA
RAWANG, April 22 (Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) aims to increase its exports to five per cent in the next three to five years from the current two per cent, managing director Aminar Rashid Salleh said Thursday.
The company was also looking to sell 3,000 units to overseas markets this year, up from only 2,000 units car sold last year due to the global economic crisis, he said.
"We will increase gradually, because we need to tackle a few areas, particularly quality, cost and productivity," Aminar told a press conference after Perodua's line-off ceremony for 1.7 million vehicles in 17 years by Deputy Prime Minister Tan Sri Muhyiddin Mohd Yassin.
"For the long term, we would like to increase it to about 10 per cent," he said.
To date, its export markets include Brunei, Fiji, Mauritius, Nepal, Singapore, Sri Lanka, and the United Kingdom, the company's biggest export market which makes up about 40 per cent.
Aminar said Perodua's focus was still in the Asean region as it wanted to take full advantage of the Asean Free Trade Area (AFTA).
"In the future, we are looking for countries where the regulations and standards are almost similar to those in Malaysia, making it easier for us to produce our vehicles in terms of emission control and safety requirements," he said.
Currently, Perodua is carrying out a feasibility study to enter the Thai market that will be completed in the third or fourth quarter this year and it will later look at opportunities in other Asean countries.
So far, the company has shipped 26,000 completely built-up (CBU) units under its Perodua badge, while 8,000 completely knocked down (CKD) units were shipped for Daihatsu in Indonesia.
It has recorded sales of a RM24 million since it started to export CKD components in 2003 to Pakistan, Indonesia and Japan.
"We would like to increase this to at least RM50 million over the next three years," Aminar said.
Also present at the event were International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Deputy Human Resources Minister Senator Datuk Maznah Mazlan.
The 1.7 millionth vehicle, an Alza standard variant, was rolled out at a simple yet significant ceremony.
Perodua employed 10,000 workers currently while its plant has the capacity to produce up to 250,000 vehicles a year on a two-shift cycle.
-- BERNAMA
Auto Sales ~ Mar 10 : 56,139
Vehicle Sales In March Up 25 Per Cent
KUALA LUMPUR, April 21 (Bernama) -- Sales of passenger cars and commercial vehicles in March 2010 increased 25 per cent year-on-year to 56,139 units from 44,896 units.
This brought the January to March sales higher by 27,026 units or 22 per cent when compared with the same period of 2009.
The Malaysian Automotive Association (MAA) attributed the higher sales to continued improvement in market sentiment and consumers' confidence.
Sales of passenger vehicles in March 2010 rose to 50,533 units from 40,680 units in the corresponding month last year while that of commercial vehicles rose to 5,606 units from 4,216 units, it said in a statement on Wednesday.
Sales of passenger vehicles in the first three months of the year increased to 133,057 units from 109,301 units in the corresponding period last year.
Sales of commercial vehicles in the same period went up to 14,358 units from 11,088 units previously.
For the three-month period, total industry volume rose to 147,415 units from 120,389 units in the same period of last year.
MAA said total production of vehicles in March 2010 rose to 51,579 units from 35,950 units in March last year.
Production of passenger vehicles in March increased to 47,729 units from 32,922 units in March last year while that of commercial vehicles increased to 3,850 units from 3,028 units.
Production of passenger vehicles in the three-month period rose to 130,641 units from 102,328 units in the same period last year while that of commercial vehicles went up to 12,506 units from 11,681 units.
Going forward, MAA said that sales volume for April 2010 is expected to continue the expansionary trend in the absence of no negative developments in the economy and the automotive market.
It also expects supply to be increased to fulfill outstanding orders.
-- BERNAMA
KUALA LUMPUR, April 21 (Bernama) -- Sales of passenger cars and commercial vehicles in March 2010 increased 25 per cent year-on-year to 56,139 units from 44,896 units.
This brought the January to March sales higher by 27,026 units or 22 per cent when compared with the same period of 2009.
The Malaysian Automotive Association (MAA) attributed the higher sales to continued improvement in market sentiment and consumers' confidence.
Sales of passenger vehicles in March 2010 rose to 50,533 units from 40,680 units in the corresponding month last year while that of commercial vehicles rose to 5,606 units from 4,216 units, it said in a statement on Wednesday.
Sales of passenger vehicles in the first three months of the year increased to 133,057 units from 109,301 units in the corresponding period last year.
Sales of commercial vehicles in the same period went up to 14,358 units from 11,088 units previously.
For the three-month period, total industry volume rose to 147,415 units from 120,389 units in the same period of last year.
MAA said total production of vehicles in March 2010 rose to 51,579 units from 35,950 units in March last year.
Production of passenger vehicles in March increased to 47,729 units from 32,922 units in March last year while that of commercial vehicles increased to 3,850 units from 3,028 units.
Production of passenger vehicles in the three-month period rose to 130,641 units from 102,328 units in the same period last year while that of commercial vehicles went up to 12,506 units from 11,681 units.
Going forward, MAA said that sales volume for April 2010 is expected to continue the expansionary trend in the absence of no negative developments in the economy and the automotive market.
It also expects supply to be increased to fulfill outstanding orders.
-- BERNAMA
Wednesday, April 28, 2010
Collecting Cars Stocks ~ UMW below 6.40 , MBMR below 2.80
Starting last month, I started to play with cars stocks again.
Unknown to many, cars industries are cylical in nature.
And finally few events have convinced me or at least triggered me to collect shares in 2 particular company, namely UMW & MBMR.
Wish me LUCK !
*
Unknown to many, cars industries are cylical in nature.
And finally few events have convinced me or at least triggered me to collect shares in 2 particular company, namely UMW & MBMR.
Wish me LUCK !
*
Sunday, March 7, 2010
Hobby & Side Effect
*
Every evening, I always go to padang kompleks sukan for a brisk walk. There, I saw a lot of people jog as well. Some even jogs 10 rounds everyday. And they are not young people, but 40, 50 & 60 years OLD. I said "GILA" . Instead of jog 10 rounds, couldn't it be better if they stay at home and tanam sayur instead. Body also healthy and no need to spend money to buy sayur. Maybe they have other reason to jog 10 'gila' round. Probably they plan to join Olympic , or Sea Games , or some sort of Marathon ... I ask them. They simply answer they just LOVE & ENJOY jogging 10 'gila' round. I said ... aaaaa I see. But actually I don't really see. If they are doing it for fun, why the heck they doing it so SERIOUSLY. Maybe some may think since they are old, and doing it for fun (but yet so hard), you might think you could out-run them anytimes ... but oh ... how wrong you are, because, on the contrary, they really run so fast, non-stop, pumping muscle with each strike, blazing the heat , cutting through the wind ... and believe it or not, they could qualified to enter Olympic games anytimes. And they are doing all this, knowing at the finish line there will be no gold medal, no cheques and no spectator to celebrate them.
Same like someone I know, who loves to read company Annual Report, analysing quarterly financial statement, studying the business, management, and economies, calculate the math problem ... one by one by one .... and day after day after day. Sure this 'someone' doing this 'gila' task, because s/he wants to make a LOT of MONEY in share market right ? And as surprised as you may not, s/he doing it because s/he LOVE & ENJOY them .... meaning s/he does not make money from it ? Kah kah kah ... as far as I know, s/he makes tons of money. The only thing is that 'making money' is not the objective, but just a 'side effect' of her/his hobby. This is definitely one kind of side effect that everyone wish to have, of course minus the hobby please !!
*
Every evening, I always go to padang kompleks sukan for a brisk walk. There, I saw a lot of people jog as well. Some even jogs 10 rounds everyday. And they are not young people, but 40, 50 & 60 years OLD. I said "GILA" . Instead of jog 10 rounds, couldn't it be better if they stay at home and tanam sayur instead. Body also healthy and no need to spend money to buy sayur. Maybe they have other reason to jog 10 'gila' round. Probably they plan to join Olympic , or Sea Games , or some sort of Marathon ... I ask them. They simply answer they just LOVE & ENJOY jogging 10 'gila' round. I said ... aaaaa I see. But actually I don't really see. If they are doing it for fun, why the heck they doing it so SERIOUSLY. Maybe some may think since they are old, and doing it for fun (but yet so hard), you might think you could out-run them anytimes ... but oh ... how wrong you are, because, on the contrary, they really run so fast, non-stop, pumping muscle with each strike, blazing the heat , cutting through the wind ... and believe it or not, they could qualified to enter Olympic games anytimes. And they are doing all this, knowing at the finish line there will be no gold medal, no cheques and no spectator to celebrate them.
Same like someone I know, who loves to read company Annual Report, analysing quarterly financial statement, studying the business, management, and economies, calculate the math problem ... one by one by one .... and day after day after day. Sure this 'someone' doing this 'gila' task, because s/he wants to make a LOT of MONEY in share market right ? And as surprised as you may not, s/he doing it because s/he LOVE & ENJOY them .... meaning s/he does not make money from it ? Kah kah kah ... as far as I know, s/he makes tons of money. The only thing is that 'making money' is not the objective, but just a 'side effect' of her/his hobby. This is definitely one kind of side effect that everyone wish to have, of course minus the hobby please !!
*
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