Police release photograph of suspect in Najadi's murder

KUALA LUMPUR: City police have identified the main suspect behind the brutal murder of banker Hussain Ahmad Najadi.

Kuala Lumpur CID chief Senior Asst Comm Datuk Ku Chin Wah said the man, known as Sei Ngan Chai (which in Cantonese means "four-eyed guy") was still believed to be in the city.

comments : He has been identified. Who hire him ? Sure now he will ask for more money or else he will expose. And the who one who hire him will hire new hitman to hit this fellow. Does he has any evidence hid somewhere or with someone in case the fellow hire him plan to hire someone to hit him ? But what if he hire someone to force him to give out the evidence before hitting him ? Or how about the 2nd hitman decided to join the the first hitman to squeeze more money from the fellow who hire them ? Good plot for new movie ? I think I have watched these many times already.

Business Purpose is to Create a Customer

To know what a business is we have to start with its purpose. Its purpose must lie outside of the business itself. In fact, it must lie in society since business enterprise is an organ of society.

There is only one valid definition of business purpose: to create a customer.

Markets are not created by God, nature, or economic forces but by businessmen.

The ‘Want’ a business satisfies may have been felt by the customer before he was offered the means of satisfying it.
The ‘Want’ may have been unfelt by the potential customer until these became available.
There may have been ‘NO want’ at all until ‘business action’ created it – by innovation, by credit, by advertising, of by salesmanship.

It is the customer who determines what a business is.
It is the customer alone whose willingness to pay for a good or for the service converts economic resources into wealth, things into goods.

What the business thinks it produces is not of first importance – especially not to the future of the business and to its success.

Sona Petrolium ~ Africa ? Really ?

KUALA LUMPUR: Malaysia’s largest special-purpose acquisition company (SPAC) Sona Petroleum Bhd is looking at a few proposals, among them from African exploration and production vendors, to make its first qualifying asset (QA) either in the late development or production life cycle of the oil and gas (O&G) sector.

Asked whether Sona Petroleum had received proposals from African vendors, managing director Datuk Seri Hadian Hashim said “yes”, adding that the company was now going through the usual process of evaluating these proposals.

“Based on O&G numbers, Africa is a very important market. It makes up some 8% of the world’s oil reserves. Meanwhile, gas reserves make up some 7% of the world,” said Hadian.

Asked whether it would be too expensive for Sona Petroleum to buy into its QA at the current oil price of US$104 (RM336), Hadian said that he expected oil prices to stabilise closer to the US$100 (RM323) mark by year-end.

comments : Africa ? U must be kidding me ! 
notes : Sona is currently trading at 43 sen as on wed 31 aug 2013

LCTH announcement : Completion of disposal of assets for RM 29.5 million

LCTH CORPORATION BERHAD
COMPLETION OF DISPOSAL OF ASSETS BY WHOLLY-OWNED SUBSIDIARY, CLASSIC ADVANTAGE SDN BHD

Further to the Company’s announcement on 24 April 2013 and 27 May 2013, the Board of Directors of LCTH Corporation Berhad (“LCTH” or “the Company”) wishes to announce the completion of the disposal of assets by its wholly-owned subsidiary, Classic Advantage Sdn Bhd (“CASB”) to Flextronics Technology (Penang) Sdn Bhd (“FTSB”) for a total cash consideration of RM29,500,000 only on 20 June 2013 as both parties have met all the conditions precedent.


date of announcement : 20 Jun 2013
notes : LCTH currently trade at 14.5 sen as on wednesday 31 aug 2013

KPJ announcement : new bonus issue, right issue

KPJ HEALTHCARE BERHAD (“KPJ” OR THE “COMPANY”)

(I) PROPOSED BONUS ISSUE;
(II) PROPOSED RIGHTS ISSUE;
(III) PROPOSED EXEMPTION;
(IV) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
(V) PROPOSED AMENDMENTS

(i) Proposed bonus issue of up to 329,766,497 new ordinary shares of RM0.50 each in KPJ (“KPJ Share(s)” or “Share(s)”) (“Bonus Share(s)”) on the basis of one (1) Bonus Share for every two (2) existing KPJ Shares held on an entitlement date to be determined later ( “Entitlement Date”) (“Proposed Bonus Issue”);

(ii) Proposed renounceable rights issue of up to 43,968,866 KPJ Shares (“Rights Share(s)”) on the basis of one (1) Rights Share for every fifteen (15) existing KPJ Shares held on the Entitlement Date together with up to 87,937,732 free detachable new warrants 2013/2018 (“New Warrant(s)”) on the basis of two (2) New Warrants for every one (1) Rights Share subscribed (“Proposed Rights Issue”);

(iii) Proposed exemption under Paragraph 16.1 of Practice Note 9 of the Malaysian Code on Take-Overs and Mergers 2010 (“Code”) to Johor Corporation (“JCorp”) and the parties acting in concert with it (“PAC(s)”) from the obligation to extend a mandatory take-over offer for the remaining KPJ Shares, Warrants 2010/2015 (as defined herein) and New Warrants not already held by them pursuant to the Proposed Rights Issue (“Proposed Exemption”);

(iv) Proposed increase in the authorised share capital of KPJ from RM500,000,000 comprising 1,000,000,000 KPJ Shares to RM750,000,000 comprising 1,500,000,000 KPJ Shares (“Proposed Increase in Authorised Share Capital”); and

(v) Proposed amendments to the Memorandum and Articles of Association (“M&A”) of KPJ (“Proposed Amendments”)

This announcement is dated on 29.7.13

notes : KPJ closed at RM 6.72 on monday 29.7.13

Spritzer 2013 Q4 Report

notes : Spritzer closed at RM 1.82 on monday 29.7.13

Oil Inventories Report

Oil Stocks

OECD commercial oil stocks rose by 11.7 mb in May, broadly in line with the five-year average.
Crude stocks showed a surplus of 13 mb, while product inventories indicated a deficit of 17.3 mb.
In terms of days of forward cover, OECD commercial stocks stood at 58.9 days.
Preliminary data for June shows that US total commercial oil stocks rose by 14.2 mb for a surplus of 48.2 mb with the five-year average.
US crude and product stocks were at 33.8 mb and 14.4 mb, respectively, both above the five-year average.

~ Issued 10 July 2013

First they object Tanda Putra, now they object New Village ...

THE nod given by the National Film Development Corporation Malayisa (Finas) for the screening of local film The New Village was highlighted by Awang Selamat in Mingguan Malaysia.

He wrote that Malaysians were too cautious over the screening of the film Tanda Putera to the extent that the movie had been put on hold several times following protests from various groups representing the Chinese community.

However, he said it was ironic for Tanda Putera, which supposedly depicted the historical facts behind the May 13 racial riots, to come under pressure for being “racist” when certain groups had managed to get away with producing The New Village.

The columnist questioned how the film could have been approved by the authorities, particularly in view of the coming Merdeka Day celebration, when it allegedly glorified the exploits of the Malayan People Anti-Japanese Army, which had ties to the Malayan Communist Party.

“Many of our security forces personnel were killed and maimed due to the communists, who are now recognised and glorified as heroes. Why does the producer of the New Village film want to re-write history?” he wrote.

The columnist said he believed that this was part of the effort to recognise the struggle of the communist party and its leaders, especially Chin Peng.

He said that it did not make sense for the film to be screened before Tanda Putera which had long been completed and which, according to him, should be shown as a way to strengthen patriotism and the need to maintain harmony.


*********************************************************
Comment : We have a very LOW CLASS mentality of politician on both sides. Anyway, who want to go to watch these two movies ? You ?

KPJ fell 62 sen to RM6.63

KUALA LUMPUR: KPJ Healthcare Bhd saw RM404.6mil erased from its market capitalisation at midday on Monday after it was ordered to pay RM70.48mil as damages in a legal suit.

At midday, the shares fell 62 sen to RM6.63 with 4.09 million shares done. This saw its market capitalisation reduced from RM4.74bil (based on Friday's closing price of RM7.25 and its paid-up of 653.9 million shares) to RM4.335bil.

Its warrants, KPJ-WA fell 41 sen to RM5 and its call warrants, KPJ-CJ lost 10 sen to 11.5 sen.

Last Friday, KPJ announced that the High Court had allowed the plaintiff Dr Mohd Adnan Sulaiman's  claim against the healthcare provider and awarded RM70.48mil as damages and costs of RM150,000.

Dr Adnan had sued the  company for breaching the joint venture agreement incorporating shareholders' agreement dated May 30, 1995.

Alliance Research said the sum awarded represented 43.8% of its FY13 core net profit estimates.

"We lower our FY13 net profit estimates by 41.4% and but leave our FY13 core net profit estimates unchanged. Furthermore, we see downside risk to KPJ's dividends despite an appeal to the Court of Appeal and ample cash of RM232.9m as of 1QFY13," it said.

Alliance Research said with the recent share-price run, FY13 and FY14 P/E valuations had been stretched to 28.7 times and 27.6 times respectively which were unjustified despite a 15.1% three-year earnings CAGR.

 "Given this setback and risk of longer than expected gestation period for upcoming new hospitals, we downgrade from neutral to SELL with a higher target price of RM6.32 as we rollover valuation to FY14," it said.

Economies Update 29 Jul 2013 - Gold, Copper, Gas, Crude dropped

Asian stocks fell, with the regional benchmark retreating a fourth day, before a speech by Bank of Japan Governor Haruhiko Kuroda and monetary policy reviews from the U.S. to Europe this week. The yen held gains versus the dollar, while most metals and natural gas declined.

The MSCI Asia Pacific Index of regional equities sank 0.8 percent by 9:57 a.m. in Tokyo, headed for a 2 1/2-week low. The yen climbed 0.2 percent against the dollar, set for the strongest close since June 26 after posting the biggest jump of 16 major currencies tracked by Bloomberg last week. Malaysia’s ringgit weakened a fourth day. Standard & Poor’s 500 Index (SPX) futures were little changed after the gauge rose 0.1 percent July 26. Gold led precious metals lower, while copper dropped 0.3 percent. Natural gas futures (HIA) lost 2.3 percent.

The Federal Open Market Committee convenes July 30-31, with reports this week expected to show economic growth weakened in the second quarter and employers added fewer workers this month. The European Central Bank and Bank of England also meet this week, after both signaled earlier in the month that they will keep interest rates low. Japanese retail sales rose 1.6 percent from a year earlier in June, figures today showed, below the 2.1 percent estimate in a Bloomberg survey.

“It’s a big week with earnings reports, central bank meetings, and of course U.S. payrolls,” Nader Naeimi, Sydney-based head of dynamic asset allocation at AMP Capital Investors Ltd., which manages more than $130 billion, said by phone. “Investors will be paying a lot of attention to these and studying the implications for Fed tapering arguments. Where markets go from here depends a lot on the data and the Fed.”

Gold dropped 0.3 percent to $1,328.97 an ounce, falling a second day, while silver sank 0.5 percent, platinum lost 0.2 percent and palladium slipped 0.3 percent.

Speculation the Fed will hold back on easing stimulus is fueling wagers betting on a gold rally, with net-long positions up 26 percent as of July 23, U.S. Commodity Futures Trading Commission data show.

Copper for three-month delivery on the London Metal Exchange sank a third day, poised for the lowest close since July 10, as zinc and tin retreated at least 0.2 percent.

West Texas Intermediate crude was unchanged at $104.70 a barrel after slipping 0.8 percent July 26. Oil declined at the end of last week on speculation China’s plans to cut excess manufacturing capacity will reduce fuel consumption.

Gas futures retreated a fourth day. Contracts on rubber maturing in January declined 2.2 percent.