Currency performance is but a true reflection of the underlying dynamics of economic growth, inflation, a country's competitiveness and revenue streams ... among others. The table below reveals all that in one go.
HKD is on a false sense of security. It is tied to the USD and will bring about havoc in its economy as it does not deserve the "low interest rate environment couple of good economic recovery", all the while the HK side has to contend with a slowing China economic engine plus a deflated shipping industry,and a flattening housing/real estate market in China". The strong USD basically causes a highly uncompetitive kick to its travel/conference industry. Its a false sense of security which translates into a housing market that is primed to go off a cliff anytime soon - what with the usually strong currency, a crackdown on corruption in China (which ay lead to cash withdrawals).
IDR - Still on a high from the recent elections with a promise to reduce corruption on all levels. Even though oil dependency has lessened, it is still a substantial portion. Hence methinks IDR has a long way to fall if oil prices stay below $70 for a few more months.
Yuan & Rupee - Both have had tough restructuring to do in their economies with India having it harder over the past two years. Unlikely to see further erosion of their currencies as they are already happily competitive with a technically undervalued currency.
Singdollar - The lack of dependency on oil will see an actual boost to Singapore via lower oil prices. However, their dependence on regional trade will hit their outlook. Currency may ease slightly going forward.
Ringgit - If you look at the ringgit vis a vis the rest, we are doing very well thank you. Oil prices is a substantial contributor to the economy, esp our budget, but thankfully our budget and the way we handle our allocations also means there are a lot of "excesses and capacity" to be cut without hurting the real economy. Too many ongoing projects to dislocate the economy. A slowdown in awarding of oil and gas packages will not be as impactful as it does not really trickle down. Still, the ringgit may weaken a bit more oil prices stay below $70 for too long.
Look at the last 4 countries on the list, its oil oil oil ... plus Russia has embargo and Ukraine issues to boot. Venezuela already devalued its currency and should need to do it again very soon. Argentina will need more money or risk defaulting again. Brazil is not out of the woods too.
p/s money is personal, currency is government ...
Sunday, 30 November 2014
Thursday, 27 November 2014
KopiSusu ... The Musical
Its about Nanyang music ... the era of 50s-60s ... Nanyang basically referring to Southeast Asia. The influence of the music from Shanghai's decadent years and HK's frolicking years meshed with the local musicality of Chinese emigrants to Southeast Asia.
Hotline: 016 238 6513
http://www.dpac.com.my/page/ticket/bookTicket/view/315.html
Hotline: 016 238 6513
http://www.dpac.com.my/page/ticket/bookTicket/view/315.html
The Road Is Long .. and Many A Winding Path
Let's be clear here, I am not criticising the planned road name changes. Just offering suggestions on why and how things could be better. It does not matter if the changes were to recognise the past rulers of our beloved country.
a) We can and we should and we have recognised many historical figures including rulers of our nation. Let's re-examine if naming roads after them is such a good alternative. Roads are meant to describe and place a location. If its too long, it adds enormous difficulty in remembering, mentioning to friends and other practical uses. It becomes impractical which defeats the purpose of naming roads. Jalan Tun Perak is great, so too Jalan Sultan Ismail or Swettenham Road or even Birch Road. But when a name gets too long, it becomes self defeating - the very intention to honour becomes an opportunity to ridicule.
b) By all means, recognise our past historical figures in other ways, such as buildings, statues, gardens, fountains, mosques, bridges ... its not so cumbersome.
c) Now when we use Waze of Google maps, before the wonderful lady can finish the instruction... "in 50 meters turn left into Jalan xxx xxx xxx..." we would have passed the exit before she can finish her instructions.
d) We seem to have a huge chip on our shoulders. We should never attempt to re-write history, it happened. A road's name need not be "all good and dandy", so what if its Jalan James Birch, whether the guy was good or bad, he was part of our history Thats where our confidence, self sufficiency in our nation's history stands on ts own ... be him/her a 'bad person historically' is besides the point. We learn and acknowledge the history, the good and bad, we cannot and should repaint history or worse, only SHOW the new generation and the future "the nice side of things about Malaysia".
e) WE ARE NOT SHORT OF NEW ROADS, heck we are never short of new roads ... there are dozens new ones every month, all over... we are not closing down roads. Why touch Jalan Duta??? Why do we try to complicate things? Why don't we prioritise other more important stuff? What if we change the names of the top 20 major buildings every 5 years, can you see the value in that???
a) We can and we should and we have recognised many historical figures including rulers of our nation. Let's re-examine if naming roads after them is such a good alternative. Roads are meant to describe and place a location. If its too long, it adds enormous difficulty in remembering, mentioning to friends and other practical uses. It becomes impractical which defeats the purpose of naming roads. Jalan Tun Perak is great, so too Jalan Sultan Ismail or Swettenham Road or even Birch Road. But when a name gets too long, it becomes self defeating - the very intention to honour becomes an opportunity to ridicule.
b) By all means, recognise our past historical figures in other ways, such as buildings, statues, gardens, fountains, mosques, bridges ... its not so cumbersome.
c) Now when we use Waze of Google maps, before the wonderful lady can finish the instruction... "in 50 meters turn left into Jalan xxx xxx xxx..." we would have passed the exit before she can finish her instructions.
d) We seem to have a huge chip on our shoulders. We should never attempt to re-write history, it happened. A road's name need not be "all good and dandy", so what if its Jalan James Birch, whether the guy was good or bad, he was part of our history Thats where our confidence, self sufficiency in our nation's history stands on ts own ... be him/her a 'bad person historically' is besides the point. We learn and acknowledge the history, the good and bad, we cannot and should repaint history or worse, only SHOW the new generation and the future "the nice side of things about Malaysia".
e) WE ARE NOT SHORT OF NEW ROADS, heck we are never short of new roads ... there are dozens new ones every month, all over... we are not closing down roads. Why touch Jalan Duta??? Why do we try to complicate things? Why don't we prioritise other more important stuff? What if we change the names of the top 20 major buildings every 5 years, can you see the value in that???
Sunday, 23 November 2014
The Wayang Kulit Behind Oil Price Gyrations
Is there a puppet master, I mean nothing much has changed for much of 2014, so why the sudden drop in oil prices over the past two months? One can cite US production of shale oil but thats not like something happened overnight. All knew the numbers coming on from shale oil. So what gives?
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As you can see OPEC is almost toothless... not really toothless but rather that Saudi Arabia is not brandishing their big stick. So whats their motivation?
Apa Lagi Saudi Mahu?
Some cynics might say that its Saudis' way of trying to curb or trash the US shale oil's viability. That does not hold much water though nice conspiracy theory for a Hurt Locker movie script.
Much of US shale oil can cost between $50-100 per barrel just to get the oil out. That is official figures fro International Energy Agency. The IEA confirms that ONLY 4% needs oil prices to be above $80 for it to be viable, though some analyst reports put that at as high as 20%.
It is very hard to displace shale oil as their wells are much shallower, which is to say they will move to more viable wells and will only tap harder to get at shale oil till prices move back above $90.
Plus politically, it does not make sense to screw with USA while they are an important ally in the current 'war' against Islamic State.
It also does not make sense to screw with shale oil as their production costs will never be competitive against their own oil extraction cost. Saudis (and North Africa) cost per barrel is closer to $10 per barrel, though some areas may reach as high as $25 per barrel. Hence in actual fact it would make more sense for shale oil to continue as a base for oil prices, plus adding sufficiently to a resource that is limited. Its pointless to push oil to $200 per barrel, even if they can. The fallout to the global economy, and making themselves more a 'future target' for war for oil.
This Is Why Saudis Are Letting Oil Price Slip
Saudis can easily move oil prices back above $90 if they reduce their output and they can do so as they have the reserves to do so. Saudi Arabia has about 260n barrels in reserves and about 9-13m barrels a day. So what did the Saudis do in recent weeks... they actually increase their daily output by 0.5% to 9.6m a day. Strange isn't it? Not only that, the Saudis in recent weeks even offered discounts to big Asian consumers thus depressing oil price further.
Financially Saudi Arabia has over $700bn in cash/bonds reserves , so they do not need the money and can stay at this status quo for a couple of years if need be. The worst country to be affected is their 'enemy' Iran, which actually needs oil to be above $120-140 for it to break even. Russia needs $100 per barrel or else its budget loses $2bn for every dollar below $100... hence for now Russia will need nearly $40bn to watch the hole in their budget this year alone.
It is also an important way to make life very tough for rogue nations in the Middle East supporting the IS as the funds are necessary to fund the war and terrorist acts.
The unfortunate nations who get steamrolled from all this include Venezuela and to a lesser extent Malaysia.
-------------------------------------------
Opec divided on oil output
BY BEN PERRY
LONDON: The Organization of Pe- troleum Exporting Countries (Opec) oil producers cartel will hold one of its toughest and most significant meetings in recent years as, faced with sliding prices, its members must contemplate whether to cut output.
Ahead of Thursday’s Opec meet- ing in Vienna, its dozen member countries are split on what direction to take after a 30% drop in crude prices since June has slashed rev- enues.Opec’s poorer members, led by Venezuela and Ecuador, have
LONDON: The Organization of Pe- troleum Exporting Countries (Opec) oil producers cartel will hold one of its toughest and most significant meetings in recent years as, faced with sliding prices, its members must contemplate whether to cut output.
Ahead of Thursday’s Opec meet- ing in Vienna, its dozen member countries are split on what direction to take after a 30% drop in crude prices since June has slashed rev- enues.Opec’s poorer members, led by Venezuela and Ecuador, have
called publicly for a cut in output, while Iran has hinted at a need to reduce production.
But the cartel’s Gulf members, led by kingpin Saudi Arabia, are rejecting calls to pump out less oil unless they are guaranteed market share in the highly competitive are- na, according to analysts.
“The minimum consensus that appears likely to be reached at Opec’s meeting is a commitment to better comply with the official production target of 30 million bar- rels per day,” Commerzbank ana- lysts said in a note to clients. — AFP
---------------------------------------------
But the cartel’s Gulf members, led by kingpin Saudi Arabia, are rejecting calls to pump out less oil unless they are guaranteed market share in the highly competitive are- na, according to analysts.
“The minimum consensus that appears likely to be reached at Opec’s meeting is a commitment to better comply with the official production target of 30 million bar- rels per day,” Commerzbank ana- lysts said in a note to clients. — AFP
---------------------------------------------
As you can see OPEC is almost toothless... not really toothless but rather that Saudi Arabia is not brandishing their big stick. So whats their motivation?
Apa Lagi Saudi Mahu?
Some cynics might say that its Saudis' way of trying to curb or trash the US shale oil's viability. That does not hold much water though nice conspiracy theory for a Hurt Locker movie script.
Much of US shale oil can cost between $50-100 per barrel just to get the oil out. That is official figures fro International Energy Agency. The IEA confirms that ONLY 4% needs oil prices to be above $80 for it to be viable, though some analyst reports put that at as high as 20%.
It is very hard to displace shale oil as their wells are much shallower, which is to say they will move to more viable wells and will only tap harder to get at shale oil till prices move back above $90.
Plus politically, it does not make sense to screw with USA while they are an important ally in the current 'war' against Islamic State.
It also does not make sense to screw with shale oil as their production costs will never be competitive against their own oil extraction cost. Saudis (and North Africa) cost per barrel is closer to $10 per barrel, though some areas may reach as high as $25 per barrel. Hence in actual fact it would make more sense for shale oil to continue as a base for oil prices, plus adding sufficiently to a resource that is limited. Its pointless to push oil to $200 per barrel, even if they can. The fallout to the global economy, and making themselves more a 'future target' for war for oil.
This Is Why Saudis Are Letting Oil Price Slip
Saudis can easily move oil prices back above $90 if they reduce their output and they can do so as they have the reserves to do so. Saudi Arabia has about 260n barrels in reserves and about 9-13m barrels a day. So what did the Saudis do in recent weeks... they actually increase their daily output by 0.5% to 9.6m a day. Strange isn't it? Not only that, the Saudis in recent weeks even offered discounts to big Asian consumers thus depressing oil price further.
Financially Saudi Arabia has over $700bn in cash/bonds reserves , so they do not need the money and can stay at this status quo for a couple of years if need be. The worst country to be affected is their 'enemy' Iran, which actually needs oil to be above $120-140 for it to break even. Russia needs $100 per barrel or else its budget loses $2bn for every dollar below $100... hence for now Russia will need nearly $40bn to watch the hole in their budget this year alone.
It is also an important way to make life very tough for rogue nations in the Middle East supporting the IS as the funds are necessary to fund the war and terrorist acts.
The unfortunate nations who get steamrolled from all this include Venezuela and to a lesser extent Malaysia.
Friday, 21 November 2014
Monday, 17 November 2014
Canto-Mando Movie Reviews
Time to bring up some movie recommendations cause there are a couple recently that piqued my interest. The first is Kung Fu Jungle, its a badly titled movie in English, sounds so much cooler in Chinese. Its a great kung fu movie but its significant for a lot more than just entertainment.
If you remember the comedy classic Kung Fu by Stephen Chow Sing Chi, where he tried (successfully) to incorporate the many popular kung fu techniques and "fantasy kung fu stuff" into a well woven comedy. In many ways its a great tribute and acknowledgement to the discipline in movie making.
Well, KFJ is like Kung Fu except that it took the more serious route, and the kung fu is a lot more realistic and authentic. Besides entertaining audiences, KFJ roped in as many as possible the HK kung fu movie stars from the late 60s, 70 and 80s and gave them roles in it. In many ways, its an excellent tribute, as the story goes about a guy wanting to be the ultimate kung fu master and he goes about it by seeking out the top masters in each genre of kung fu, but he has gone a bit cuckoo so he not only wants to beat them but kill them as well for no apparent reason.
Donnie Yen was amazing and so were his co stars.
The second recommendation is a romantic comedy. Its part 2 of Don't Go Breaking My Heart, you need not have watch the first to watch this, but it would help a lot in enjoyment. When masters such as Johnnie To and Wai Kar Fai decide to ditch their usual gangster-police-shootout hats and go into rom-com, it usually leads to pretty watchable stuff.
The interlinking relationships between the main stars were fantastic. The energy and believability, the characters all fleshed out properly and you would feel for each of them. Gao Yuan Yuan was adorable and sublime. Koo Tin Lok, Miriam Yeung and Daniel Wu were great. Storyline was solid and layered. No kiddie mushy stuff here. Great movie, watch both parts.
There is a running theme and its more for those jaded but yet still looking for love in the modern world - love is not so much determined or predestined... its in your own hands, you have to take it, grab it, or let it go. I think I can use the word "satisfying" here for a really good romantic comedy.
If you remember the comedy classic Kung Fu by Stephen Chow Sing Chi, where he tried (successfully) to incorporate the many popular kung fu techniques and "fantasy kung fu stuff" into a well woven comedy. In many ways its a great tribute and acknowledgement to the discipline in movie making.
Well, KFJ is like Kung Fu except that it took the more serious route, and the kung fu is a lot more realistic and authentic. Besides entertaining audiences, KFJ roped in as many as possible the HK kung fu movie stars from the late 60s, 70 and 80s and gave them roles in it. In many ways, its an excellent tribute, as the story goes about a guy wanting to be the ultimate kung fu master and he goes about it by seeking out the top masters in each genre of kung fu, but he has gone a bit cuckoo so he not only wants to beat them but kill them as well for no apparent reason.
Donnie Yen was amazing and so were his co stars.
The second recommendation is a romantic comedy. Its part 2 of Don't Go Breaking My Heart, you need not have watch the first to watch this, but it would help a lot in enjoyment. When masters such as Johnnie To and Wai Kar Fai decide to ditch their usual gangster-police-shootout hats and go into rom-com, it usually leads to pretty watchable stuff.
The interlinking relationships between the main stars were fantastic. The energy and believability, the characters all fleshed out properly and you would feel for each of them. Gao Yuan Yuan was adorable and sublime. Koo Tin Lok, Miriam Yeung and Daniel Wu were great. Storyline was solid and layered. No kiddie mushy stuff here. Great movie, watch both parts.
There is a running theme and its more for those jaded but yet still looking for love in the modern world - love is not so much determined or predestined... its in your own hands, you have to take it, grab it, or let it go. I think I can use the word "satisfying" here for a really good romantic comedy.
Saturday, 15 November 2014
So Bad, Its Good ...
“Chick Chick” by Chinese pop group Wang Rong Rollin from China I think. Its Old McDonald's Farm on acid ... Its pretty ridiculous but fun and hypnotic. A kick ass music video... I predict this will be very big globally for a few months. Being different makes people sit up and take notice as we all get jaded with what is out there. Of course some will say that its a ripping off from Ylvis' What Does The Fox Say ... if you put the two side by side, you can say some parts were similar but 'greatness' often results in copycats, and Chick Chick is a lot more fun, really makes you smile. I think this will go viral globally in a big way.
Wednesday, 12 November 2014
Apa Lagi Amerika Mahu
For my life I could not understand why the US mid term election came to be a snub against Obama... I mean although he is not a big fanfare guy, he has "righted" the many wrongs from the Bush administration, if you can call it that.
Stock markets at all time highs, gasoline low, interest rates low, did not go to war, best OECD growth, hunted and killed Osama, inflation benign, jobs up and up...
Stock markets at all time highs, gasoline low, interest rates low, did not go to war, best OECD growth, hunted and killed Osama, inflation benign, jobs up and up...
Saturday, 8 November 2014
New Board Game - How Big Is Your Pond
I blogged about this about 5 years ago. Its a fun game. As investors or banking/finance professionals in the markets, we need to get a grip and look at where we are in the whole scheme of things. No matter how"great" we are its only in a very tiny pond. Of course I am not belittling ourselves here, big pond small pond, still a pond ... but don't let it get to our heads when it comes to why we are only a small boat in a sea storm whose waves could sometimes overwhelm our tiny boat, no matter how well built it is.
As things stand, just the US markets alone is as big as the next 7 markets COMBINED: Japan, China, HK, UK Canada, France and Germany all totaled up.
Hence thats why we mainly look to the US for direction. The blog post below on how big each state's GDP is in terms of another country would show beyond a shadown of a doubt why America is the world in business, trade and finance.
Thats the first thing you learn when you step into an investment career, but do we know why. I mean, we know its big, but just how big? This map shows clearly why. It dissects out the states of the United States and correspond that to a country with the similar GDP for that state.
Its an incredible map as it puts into perspective just how important that entire economy is ... its like over 50 countries .... That may partially explain why most Americans do not travel much, they have most of what they need there. For us, we may need to travel for business, but for them traveling within a few states there is like making business contacts with a few countries.
We also give Americans a hard time when we find out how few actually travel outside of America ... but just trying to cover a few states is already like covering a few countries, and each of the states are actually quite different in their make up and essence.
As things stand, just the US markets alone is as big as the next 7 markets COMBINED: Japan, China, HK, UK Canada, France and Germany all totaled up.
Hence thats why we mainly look to the US for direction. The blog post below on how big each state's GDP is in terms of another country would show beyond a shadown of a doubt why America is the world in business, trade and finance.
Thursday, February 13, 2014
Why Global Investors Keep Looking To United States For Guidance
Thats the first thing you learn when you step into an investment career, but do we know why. I mean, we know its big, but just how big? This map shows clearly why. It dissects out the states of the United States and correspond that to a country with the similar GDP for that state.
Its an incredible map as it puts into perspective just how important that entire economy is ... its like over 50 countries .... That may partially explain why most Americans do not travel much, they have most of what they need there. For us, we may need to travel for business, but for them traveling within a few states there is like making business contacts with a few countries.
We also give Americans a hard time when we find out how few actually travel outside of America ... but just trying to cover a few states is already like covering a few countries, and each of the states are actually quite different in their make up and essence.
Tuesday, 4 November 2014
Low Oil Price Providing a $1.3 Trillion Fiscal Stimulus
You cannot just be focused on one side of the equation. Yes, lower oil prices may affect the revenues of oil exporting nations. It may even be a reflection of the oversupplu, maybe brought on by rogue nations milking oil for funds for war and terrorism. It could also be a strategy by OPEC to decapitate shale oil production ventures which needs oil to be safely way above $80 to make it feasible.
Whatever it is, lower oil prices will also mean savings for almost all nations, and in actual fact may go a long way to boosting demand and improve savings for reallocation of resources t
o other areas of the global economy. The report below from Bloomberg pegged stimulus at $1.1 trillion, now it should be $1.3 trillion. Thats a whole lot of QE in a different form and manner. Not all news is bad, the pendulum may swing but there is always a counter balance.
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Whatever it is, lower oil prices will also mean savings for almost all nations, and in actual fact may go a long way to boosting demand and improve savings for reallocation of resources t
o other areas of the global economy. The report below from Bloomberg pegged stimulus at $1.1 trillion, now it should be $1.3 trillion. Thats a whole lot of QE in a different form and manner. Not all news is bad, the pendulum may swing but there is always a counter balance.
--------------------------------------
The lowest oil price in four years will provide stimulus of as much as $1.1 trillion to global economies by lowering the cost of fuels and other commodities, according to Citigroup Inc.
Brent, the world’s most active crude contract, closed at $83.78 a barrel inLondon yesterday. That’s more than 20 percent below its average for the past three years, amounting to savings of about $1.8 billion a day based on current output, Citigroup estimates. Savings will climb to $1.1 trillion annually as the slide cuts costs of other commodities, leaving consumers and companies with extra cash to spend and bolstering growth, according to Ed Morse, the bank’s head of global commodities research in New York.
Crude prices are plunging amid signs that OPEC, supplier of 40 percent of the world’s oil, won’t act to eliminate a surplus as global growth slows. Combined supplies from the U.S. and Canadarose last year to the highest since at least 1965 as producers tapped stores locked in shale-rock formations and oil sands. The global economy will rebound next year, with growth quickening to 2.98 percent, the fastest since 2010, according to analyst forecasts compiled by Bloomberg.
“A reduction in oil prices also results in a reduction in prices across commodities, starting with natural gas, but also including copper, steel, and agriculture,” Morse said yesterday in an e-mailed response to questions. “All commodities are energy intensive to one degree or another.”
Commodity Prices
Regular gasoline averaged nationwide in the U.S. dropped to $3.163 a gallon, the lowest in more than three-and-a-half years, Heathrow, Florida-based motoring group AAA said on its website yesterday. The Bloomberg Commodity Index slumped to a five-year low, about 50 percent below its peak in July 2008. Copper, natural gas, coal and iron ore are all far below their peaks.
“Cheaper oil is an advantage for both consumers as well as industrial and manufacturing operations, especially as winter approaches,” Myrto Sokou, an analyst at Sucden Financial Ltd. in London, said by e-mail yesterday.
As lower energy prices help reduce commodity costs, they can push down the inflation rate. While freeing up more money for consumers, outsized declines could become a concern in places likeEurope, where policy makers are trying to stave off deflation, which can exacerbate an economic slump.
The euro area will have inflation of 0.5 percent this year, according to estimates compiled by Bloomberg. Consumer prices globally will increase by 2.47 percent in 2014, about the same as last year, the forecasts show.
Oil Analysts
Brent rebounded from the lowest level in almost four years today, rising 47 cents to $84.25 a barrel at 1:13 p.m. in New York on the ICE Futures Europe exchange.
“Lower prices, for most economies, reduce the cost of doing business and support economic growth,” the International Energy Agency said in a report Oct. 14. “Lower prices offer a cushion of sorts against an otherwise vulnerable macroeconomic backdrop.”
The Paris-based adviser to governments said in the same report that oil demand will expand by about 650,000 barrels a day this year, half the pace it anticipated in July.
Nations in the Organization of Petroleum Exporting Countries may resist cutting output in response to the slowing demand growth to try and test the prices at which some North American supply is profitable, Antoine Halff, head of the IEA’s oil industry and markets division, said.
A decline to $80 would cost OPEC $200 billion of its recent earnings of $1 trillion, Morse said in an analysis on the topic that was published yesterday in the Financial Times.
Big Chunk
Oil prices rose to a record in 2008, boosting revenues for nations including Russia as well as Middle East states such as Saudi Arabia, Kuwait and the United Arab Emirates. It also increased prices for consumers in industrialized nations.
“It is a big chunk of stimulus,” Seth Kleinman, Citigroup’s head of European energy research, said by phone from London. “The macro economic analysis of higher oil prices was always that it is essentially a wealth transfer from leveraged spending U.S. consumers to saving Middle East sovereigns, so ultimately it reduces the global velocity of money significantly and it’s a net drag. Now a price fall reverses that.”
Monday, 3 November 2014
Markets - What Was That?
Most investors were surprised by the way the local bourse performed today. Most of the popularly traded stocks went down for no reason. A look across other regional bourses saw Nikkei on holiday following its already massive gains late last week. Europe and the US both had strong closing on Friday. Only HK went down together with Malaysia today. The US dollar's strength was the only common factor. For HK its pretty bad because their currency is tied to the USD and a 7 year high for USD would curtail many areas of their economy in terms of competitiveness.
But the case couldn't be more different for Malaysia, we thrive on a weaker dollar. I guess some people just took it as an excuse to take some profit after quite a sustained run for second liners over the last week or so. I expect things to return to normal quickly.
Stocks To Watch
NiHsin - Announced that Pelaburan Mara was the 5% buyer of NiHsin at 52 sen. If you just follow what happened to PDZ and Sanichi, well the short term trend looks pretty awesone trading wise.
IFCA - Apparently corporate results is due soon and would surprise on the upside in a big way. Expect this to continue its rerating process upwards.
SMRT - A nice research report boosted interest before clipped in the heels yesterday by a strange market, This should resume its uptrend as well.
But the case couldn't be more different for Malaysia, we thrive on a weaker dollar. I guess some people just took it as an excuse to take some profit after quite a sustained run for second liners over the last week or so. I expect things to return to normal quickly.
Stocks To Watch
NiHsin - Announced that Pelaburan Mara was the 5% buyer of NiHsin at 52 sen. If you just follow what happened to PDZ and Sanichi, well the short term trend looks pretty awesone trading wise.
IFCA - Apparently corporate results is due soon and would surprise on the upside in a big way. Expect this to continue its rerating process upwards.
SMRT - A nice research report boosted interest before clipped in the heels yesterday by a strange market, This should resume its uptrend as well.
Sunday, 2 November 2014
Punography
Is punning fun, funny or despicable-showing-off ... maybe all three. Puns are funny and some say is the highest order of comedy because its literal and literally funny. You have to be somewhat well versed sufficiently in the language to find puns funny.
81 Cantonese Proverbs In One Painting
CANTONESE PROVERBS IN ONE PICTURE
阿塗(Ah To), a graphic designer and part-time cartoonist who concerns about the survival of Cantonese in Canton and Hong Kong, has just published a comic called ” The Great Canton and Hong Kong Proverbs” on Hong Kong independent media “Passion Times“. The cartoon contains illustrations of 81 Cantonese proverbs.
“The Great Canton and Hong Kong Proverbs”
In 1559, Dutch artist Pieter Bruegel created the oil painting “Netherlandish Proverbs” which illustrates many Dutch proverbs to praise the Dutch culture. In 2014, Ah To imitated the idea and created “Great Canton and Hong Kong proverbs” illustrating 81 Cantonese proverbs to propagate the Cantonese culture and defend Cantonese.
81 Cantonese Proverbs
(The 2 extra proverbs are the bonus given by the author. And audio clips only work on PC.)
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