雲頂（GENTING，3182，主板貿服組）在新加坡、大馬和香港3地業務各有各精彩，分析員預見獅城業務將在下半年度假村全面竣工轉強，而國內業務強勁將為美國業務擴張帶來支撐，加上估值低於區域同儕，名列區域博彩股投資首選。
黃氏唯高達研究近期造訪雲頂新加坡發現，基於等候審批，聖淘沙名勝世界為數620架新電子賭桌、Equarius酒店和20間沙灘度假村計劃推介計劃從2011年第四季展延至2012年首季，而酒店房間也將在第二季全面營運後逐步釋出。
“不過，礙於錯過農曆新年旺季，可能導致聖淘沙名勝世界成長放緩，但我們相信第四季貴賓（VIP）市佔率可能增加，因濱海灣金沙（Marina Bay Sands）對信貸和泥碼（Rolling Chip）出現雙位數下跌感到憂慮。”
此外，針對貴賓客群打造的聖淘沙名勝世界西區（West Zone）整體工程進度上軌，預計隨著海洋生物公園和Equarius水上樂園預計在2012年中推介，下半年將增加10%預備空間來滿足市場旅遊需求。
獅城下半年業務加強
黃氏唯高達認為，儘管雲頂新加坡管理層對信貸擴大感到憂慮，但預見第四季撥備不會出現暴增，相信下半年業務表現將隨西區景區開業趨強。
“賺益雖可能受西區開業前開銷影響，仍將企於45%至50%水平。”
隨著變形金鋼電動遊戲推介，聖淘沙名勝世界第四季旅客人數強經增長，而農曆新年首週賭場也人潮洶湧，預計農曆新年首兩天共接待超過12萬5千名訪客，其中環球影城旅客數量暴增，酒店也宣告客滿，未來預定更排至2月杪。
大馬業務復甦
黃氏唯高達指出，雲頂新加坡常年營運現金流達13億美元，淨現金企於1億8千400萬美元，現積極放眼投資聖淘沙鄰近酒店和綜合度假村執照（若日本開放賭業，將是關鍵市場）等機會，但礙於債務負擔，最快將在2013年方有望派息。
除造訪雲頂新加坡，黃氏唯高達也在大年初四拜訪雲頂名勝世界，發現賭場人頭竄動、酒店和停車場也全面爆滿，顯示旅客量隨雲頂大馬（GENM，4715，主板貿服組）專注會員和重新整修產業後出現復甦。
紐約業務料售附加股融資
“雲頂大馬在美國邁亞米和紐約名勝世界的擴充計劃到位，但紐約業務增設賭桌和邁亞米賭場執照申請仍等候有關當局批准，並可能透過發售附加股進行融資。”
黃氏唯高達認為，雲頂大馬現手握4億1千萬美元淨現金，加上常年4億美元現金流，派息計劃將不會受到影響。
“以雲頂大馬營運紀錄和睿智管理模式來看，淨負債不會超過50%門檻，而最低投資報酬率（ROI）目標為15%。”
紐約名勝世界自2011年10月杪開業以來，已為雲頂大馬入賬1億2千400萬美元，視頻彩票終端設備（VLT）平均每日淨贏322美元，高於全年目標的300美元和紐約州博彩平均253美元水平，預計貢獻集團2012財政年16%盈利。
菲營運盈利料破2億美元
至於馬尼拉名勝世界方面，黃氏唯高達指出，隨著旅客人數從2010年首季的6千人增至現有的1萬8千至2萬人，預計2011財政年營運盈利（EBITDA）將突破2億美元，而2012財政年更有望在貴賓環節表升、新電子賭桌和新發展計劃開跑提振下，進一步成長50%。
“菲律賓賭業受區域競爭等影響不大，加上17%有效稅率利好，以及低廉雇員成本，將為碼傭（Junket Commission）提供更大的上漲空間。”
不過，黃氏唯高達認為，隨著Belle機構和Bloomsbury馬尼拉灣綜合度假村將在2012/13下半年開業，市場競爭將趨向激烈。
“但馬尼拉名勝世界可善用策略地點和母公司在亞洲長期營運的歷史優勢相抗衡，而限制賭桌和角子機數量新措施將展延新賭場開業，強化其壟斷局面。”
新郵輪運抵強化成長
挪威郵輪IPO或延續
另一方面，雲頂香港旗下50%子公司——-挪威郵輪有限公司（NCL）首次公開售股計劃（IPO）因市況不明朗展延，但黃氏唯高達預見隨著2艘新船艦運抵，上市計劃延續可能性將大大增加，短期需求金錢支援可能性不高。
“自2011財政年第二季轉虧為盈後，挪威郵輪盈利隨高淨回酬和成本緊縮持續改善，而新郵輪運抵將強化中期盈利成長前景。”
黃氏唯高達指出，雲頂新加坡現企業價值收益比（EV／EBITDA）僅9倍，較澳門同儕的13倍為低，與雲頂名列區域投資首選，而雲頂香港企業價值收益比為7.5倍，估值相對誘人，更是區域估值最便宜的博彩股。（星洲日報／財經）
Friday, February 3, 2012
Thursday, February 2, 2012
OSK Research retained its Overweight rating on the rubber gloves sector
OSK Research retained its Overweight rating on the rubber gloves sector with its top pick being Supermax with a target price of RM2.75.
As at 4.55pm, the Supermax share price was unchanged at RM2.14.
In its research report, OSK Research said the high rating on the company was premised on its attractive valuation and the fact that it operated in a recession-resilient industry.
It also said that there had been isolated cases of bird flu in Asia and that although it has not reached alarming levels, healthcare MNCs may prepare themselves by gradually stocking up rubber gloves to avoid buying them at "cut throat" price should there be a pandemic break out.
It said risks included further artificial support of rubber prices by the Indonesian and Malaysian governments, and a rising Ringgit.
It expects latex price to stay above RM7 in the shorter term.
"This is due to the uplift in sentiment for the commodity created by the Thai Government," OSK Research said.
Last week, the media reported that the Thai Cabinet had approved a plan to increase the price of locally-grown natural rubber to THB120 (RM11.84)/kg.
This is done through the Bank of Agriculture and Agricultural Cooperatives offering soft loans of THB5bn to local agricultural institutes and another THB10bn soft loan to the Rubber Estate Organization, both at zero per cent interest to help them purchase natural rubber from local rubber farmers.
The main reasons given for the intervention include the poor rubber prices arising from the global economic slowdown; the flooding crisis in Thailand which had temporarily suspended its production of automobiles and parts, and slower automotive growth in China.
China also slowed down its purchase of Thai natural rubber and instead had switched to the cheaper Indonesian rubber.
"In our view, unless the Thai Government continues to support the price of rubber in the longer run, the price would still be ultimately decided by the forces of demand and supply," OSK Research said.
As at 4.55pm, the Supermax share price was unchanged at RM2.14.
In its research report, OSK Research said the high rating on the company was premised on its attractive valuation and the fact that it operated in a recession-resilient industry.
It also said that there had been isolated cases of bird flu in Asia and that although it has not reached alarming levels, healthcare MNCs may prepare themselves by gradually stocking up rubber gloves to avoid buying them at "cut throat" price should there be a pandemic break out.
It said risks included further artificial support of rubber prices by the Indonesian and Malaysian governments, and a rising Ringgit.
It expects latex price to stay above RM7 in the shorter term.
"This is due to the uplift in sentiment for the commodity created by the Thai Government," OSK Research said.
Last week, the media reported that the Thai Cabinet had approved a plan to increase the price of locally-grown natural rubber to THB120 (RM11.84)/kg.
This is done through the Bank of Agriculture and Agricultural Cooperatives offering soft loans of THB5bn to local agricultural institutes and another THB10bn soft loan to the Rubber Estate Organization, both at zero per cent interest to help them purchase natural rubber from local rubber farmers.
The main reasons given for the intervention include the poor rubber prices arising from the global economic slowdown; the flooding crisis in Thailand which had temporarily suspended its production of automobiles and parts, and slower automotive growth in China.
China also slowed down its purchase of Thai natural rubber and instead had switched to the cheaper Indonesian rubber.
"In our view, unless the Thai Government continues to support the price of rubber in the longer run, the price would still be ultimately decided by the forces of demand and supply," OSK Research said.
Vietnam Reports 2nd Bird Flu Death In A Month
HANOI, Vietnam (AP) — A Vietnamese official on Thursday confirmed the country's second human death from bird flu in less than a month, after it went nearly two years with no reported fatalities.
Test results confirm that a 26-year-old woman died of the disease Jan. 28 after being hospitalized in southern Soc Trang province, said Truong Hoai Phong, director of the provincial health department.
The woman had recently given birth in another hospital, but her infant son tested negative for the H5N1 strain of bird flu, Phong said.
Phong said the woman had slaughtered and eaten dead chickens her family raised. He said dead and sick poultry were reported in the woman's neighborhood.
Phong said the woman's house has been disinfected and samples from poultry and people who were in contact with the woman were being tested.
The death came about two weeks after an 18-year-old duck farm worker died of the virus in another province in southern Vietnam.
The virus rarely infects humans and usually only those who come in direct contact with dead poultry, but experts fear it will mutate into a new form that passes easily from person to person.
The World Health Organization says that as of Jan. 24, there have been 344 human deaths from 583 confirmed bird flu cases around the world since 2003. About 60 of those deaths occurred in Vietnam.
Test results confirm that a 26-year-old woman died of the disease Jan. 28 after being hospitalized in southern Soc Trang province, said Truong Hoai Phong, director of the provincial health department.
The woman had recently given birth in another hospital, but her infant son tested negative for the H5N1 strain of bird flu, Phong said.
Phong said the woman had slaughtered and eaten dead chickens her family raised. He said dead and sick poultry were reported in the woman's neighborhood.
Phong said the woman's house has been disinfected and samples from poultry and people who were in contact with the woman were being tested.
The death came about two weeks after an 18-year-old duck farm worker died of the virus in another province in southern Vietnam.
The virus rarely infects humans and usually only those who come in direct contact with dead poultry, but experts fear it will mutate into a new form that passes easily from person to person.
The World Health Organization says that as of Jan. 24, there have been 344 human deaths from 583 confirmed bird flu cases around the world since 2003. About 60 of those deaths occurred in Vietnam.
Monday, January 30, 2012
Positive outlook for rubber glove sector, says analyst
KUCHING: The rubber glove sector has a positive outlook for the upcoming quarters as earnings recovery is believed to be at an early-cycle and bound to gain momentum on the back of sustained margin revival.
In a sector update, AmResearch Sdn Bhd (AmResearch) analyst Low Soo Fang opined, “We reckon glove manufacturers are poised to reap higher margins from time-lag induced imperfect price adjustments from lower input costs due to easing latex price and the strengthening greenback against the ringgit exchange rate.
“As it is, quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) margins of glove manufacturers are still two to four percentage points below normalised levels, implying upside potential.
“We expect higher margins to kick-in over the next few quarters as cheaper latex costs are fully reflected in average selling prices (ASPs),” she stated.
Despite a sharp drop of over 40 per cent in latex price from an all-time high of RM10.60 per kilogramme (kg), Low saw a further easing in latex prices as imminent due to a worse-than-anticipated rubber glut and weakening demand.
This would extend support for a sustained improvement in margins for glove makers as it is the single biggest cost determinant for rubber glove manufacturers, constituting up to 56 to 62 per cent of total production costs.
Low gathered that China’s stockpile of natural rubber (NR) had been on a progressive rise since August 2011, leading to an estimated surplus of 365,600 tonnes as at end-December 2011.
Even though global rubber supply for this year was forecasted to rise by only half of 2011’s additional production of 610,000 tonnes, this would inevitably exert further downward pressure on latex prices going forward.
China’s dominance in the global automobile industry (with a 23 per cent market share) was expected to grow at a slower rate this year, in tandem with the country’s slower economic growth outlook.
The country’s vehicle sales grew a mere three per cent last year, compared with a robust 32 per cent in 2010. As the world’s automobile industry consumes about 70 per cent of global NR output, the sluggish outlook for auto sales this year would affect NR demand negatively.
With regards to glove makers’ production mix, Low commented, “In our view, the structural shift from natural rubber (NR) to nitrile gloves will continue alongside industry trends as consumers typically tend to migrate upwards along with rising disposable income.
“However, the rate of switching should become less drastic now, given softening latex price. Most encouragingly, prices of NR gloves are currently at some seven to 10 per cent discount to nitrile variants.
“NR gloves were sold at an estimated 12 per cent to13 per cent premium to nitrile gloves in 2011. The reversal in ASPs resulting in a favourable price differential should thus help NR gloves claw back some lost market share,” she stated.
The analyst raised AmResearch’s earnings forecasts by 35 to 48 per cent for Top Glove Corporation Bhd (Top Glove) and two to 10 per cent for Kossan Rubber Industries Bhd (Kossan).
She also imputed in higher utilisation rates, latex price forecast of RM5.50 to RM6 per kg as well as AmResearch’s latest in-house foreign exchange rate (US$1 = RM3.10) for both Top Glove and Kossan.
Choosing Top Glove as the top pick for the sector as the group was a prime beneficiary of easing latex prices, she pegged a fair value at RM6.15 per share (from RM3.10 per share) based on a higher fair price earnings (PE) of 19 times revised financial year 2012 (FY13) forecasted earnings.
With over 78 per cent of total production (37 billion pieces per annum) in NR gloves, Top Glove was regarded as the ‘purest’ and largest NR glove manufacturer. Based on past trends, the stock had seen an upward PE re-rating of eight to12 times during previous periods of declining latex prices.
Low also bumped up Kossan’s fair value to RM4.31 per share (from RM3.38 per share previously) based on a higher fair PE of 12.5 times revised FY12 forecasted earnings.
Read more: http://www.theborneopost.com/2012/01/20/positive-outlook-for-rubber-glove-sector-says-analyst/#ixzz1kif1Z7qS
In a sector update, AmResearch Sdn Bhd (AmResearch) analyst Low Soo Fang opined, “We reckon glove manufacturers are poised to reap higher margins from time-lag induced imperfect price adjustments from lower input costs due to easing latex price and the strengthening greenback against the ringgit exchange rate.
“As it is, quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) margins of glove manufacturers are still two to four percentage points below normalised levels, implying upside potential.
“We expect higher margins to kick-in over the next few quarters as cheaper latex costs are fully reflected in average selling prices (ASPs),” she stated.
Despite a sharp drop of over 40 per cent in latex price from an all-time high of RM10.60 per kilogramme (kg), Low saw a further easing in latex prices as imminent due to a worse-than-anticipated rubber glut and weakening demand.
This would extend support for a sustained improvement in margins for glove makers as it is the single biggest cost determinant for rubber glove manufacturers, constituting up to 56 to 62 per cent of total production costs.
Low gathered that China’s stockpile of natural rubber (NR) had been on a progressive rise since August 2011, leading to an estimated surplus of 365,600 tonnes as at end-December 2011.
Even though global rubber supply for this year was forecasted to rise by only half of 2011’s additional production of 610,000 tonnes, this would inevitably exert further downward pressure on latex prices going forward.
China’s dominance in the global automobile industry (with a 23 per cent market share) was expected to grow at a slower rate this year, in tandem with the country’s slower economic growth outlook.
The country’s vehicle sales grew a mere three per cent last year, compared with a robust 32 per cent in 2010. As the world’s automobile industry consumes about 70 per cent of global NR output, the sluggish outlook for auto sales this year would affect NR demand negatively.
With regards to glove makers’ production mix, Low commented, “In our view, the structural shift from natural rubber (NR) to nitrile gloves will continue alongside industry trends as consumers typically tend to migrate upwards along with rising disposable income.
“However, the rate of switching should become less drastic now, given softening latex price. Most encouragingly, prices of NR gloves are currently at some seven to 10 per cent discount to nitrile variants.
“NR gloves were sold at an estimated 12 per cent to13 per cent premium to nitrile gloves in 2011. The reversal in ASPs resulting in a favourable price differential should thus help NR gloves claw back some lost market share,” she stated.
The analyst raised AmResearch’s earnings forecasts by 35 to 48 per cent for Top Glove Corporation Bhd (Top Glove) and two to 10 per cent for Kossan Rubber Industries Bhd (Kossan).
She also imputed in higher utilisation rates, latex price forecast of RM5.50 to RM6 per kg as well as AmResearch’s latest in-house foreign exchange rate (US$1 = RM3.10) for both Top Glove and Kossan.
Choosing Top Glove as the top pick for the sector as the group was a prime beneficiary of easing latex prices, she pegged a fair value at RM6.15 per share (from RM3.10 per share) based on a higher fair price earnings (PE) of 19 times revised financial year 2012 (FY13) forecasted earnings.
With over 78 per cent of total production (37 billion pieces per annum) in NR gloves, Top Glove was regarded as the ‘purest’ and largest NR glove manufacturer. Based on past trends, the stock had seen an upward PE re-rating of eight to12 times during previous periods of declining latex prices.
Low also bumped up Kossan’s fair value to RM4.31 per share (from RM3.38 per share previously) based on a higher fair PE of 12.5 times revised FY12 forecasted earnings.
Read more: http://www.theborneopost.com/2012/01/20/positive-outlook-for-rubber-glove-sector-says-analyst/#ixzz1kif1Z7qS
Friday, January 27, 2012
Indonesia: Tangerang man positive for H1N1 swine flu: Health Ministry
Via The Jakarta Post: Tangerang man positive for swine flu: Health Ministry. Excerpt:
The 18-year-old man in Tangerang, who was suspected of being infected with bird flu and who died on Wednesday, tested positive for swine flu, the Health Ministry said.
The ministry’s head of research and development, Trihono, told The Jakarta Post on Thursday that the man, known as R, had contracted H1N1, which caused a pandemic in 2009.
Trihono said, however, that it was unlikely that the man had died of swine flu. “While swine flu was deadly in 2009 and 2010, it is no longer a harmful disease.”
He added that the disease is a lot like a more common seasonal flu. “The sufferer does not even need to be isolated,” he said.
The World Health Organization announced in 2010 that the H1N1 swine-flu pandemic had passed, but made clear that “this does not mean that the H1N1 virus has gone away”.
Trihono suspected that the patient might have suffered from another, deadlier disease, which led to his death. “That disease killed him rather than the swine flu.”
Officials from Tangerang General Hospital and the regency’s health authority declined to comment on the swine-flu infection, telling the Post that only Health Ministry officials were authorized to make such comments.
The hospital’s spokesman, Achmad Muchlis, had earlier said that R had died from respiratory problems. The man, a resident from Panongan district in Tangerang, died after being treated for five days.
Mexico Ups Swine Flu Screening as Cases Increase
Three years after swine flu closed Mexico City and caused an international scare, the Mexican government and local media are at odds over the severity of this season's flu virus. Newspapers are warning of an alarming increase in cases while the government insists there is no cause for alarm.
Federal and state health officials agree there is an increase, but they say the number of cases is within the range of a normal flu season.
The Mexican health ministry, however, has listed confusing numbers on its website and it hasn't specified the rise in cases despite repeated requests from The Associated Press.
The federal education ministry said Wednesday that it was instituting screening measures in all elementary schools for the H1N1 flu strain, commonly called swine flu when the first outbreak was discovered in Mexico in March 2009. The ministry revised its message later to say screenings are in place only at schools where children exhibit symptoms.
Local media reported a handful of schools in Mexico City have closed. The education ministry said they were private schools shuttered by administrators and parents, not by official government action.
Meanwhile, the U.S. Centers for Disease Control and Prevention said Thursday that while Mexico is seeing more cases of the H1N1 virus, the U.S. is seeing more cases of a different strain, H3N2. Antibodies for both are part of this year's flu vaccine. H1N1 is now considered a seasonal flu.
"We are not aware of any unusual changes in the virus in Mexico that would be concerning," CDC spokesman Tom Skinner said in an email to The Associated Press.
Besides the contradicting statements about screenings at schools, the Mexican government has also put out conflicting statistics.
The health ministry on Sunday reported 637 cases of confirmed flu cases so far in 2012 along with 10 deaths — nine of them associated with 573 cases of H1N1.
On Jan. 15, it reported far lower numbers: 181 confirmed cases for all strains of flu and five deaths for 2012, meaning cases would have increased 250 percent in just one week.
The same health bulletin said that for all of last year, there were 870 cases of all strains of flu and 35 deaths.
The World Health Organization in 2009 declared swine flu the first global flu pandemic in 40 years after the outbreak of cases in Mexico that spring and then the strain spread to other countries.
Mexican authorities closed restaurants, schools, museums, libraries and theaters to stop the spread of the disease as initial reports suggested it was killing as many as one in 15 of those infected — a horrifying death rate that would have been more than three times higher than the devastating flu pandemic of 1918-19.
Additional investigation in Mexico suggested that many people had suffered only mild illness. Those cases were not counted in initial reports, meaning the death rate was much, much lower than originally estimated.
By July 2010, the Mexican government reported nearly 76,000 cases of H1N1 and more than 1,300 deaths, the most recent accumulated statistics on its website.
The World Health Organizations estimates that flu causes 3 million to 5 million cases of severe illness worldwide every year, with about 250,000 to 500,000 deaths, primarily among the elderly and the chronically ill.
Federal and state health officials agree there is an increase, but they say the number of cases is within the range of a normal flu season.
The Mexican health ministry, however, has listed confusing numbers on its website and it hasn't specified the rise in cases despite repeated requests from The Associated Press.
The federal education ministry said Wednesday that it was instituting screening measures in all elementary schools for the H1N1 flu strain, commonly called swine flu when the first outbreak was discovered in Mexico in March 2009. The ministry revised its message later to say screenings are in place only at schools where children exhibit symptoms.
Local media reported a handful of schools in Mexico City have closed. The education ministry said they were private schools shuttered by administrators and parents, not by official government action.
Meanwhile, the U.S. Centers for Disease Control and Prevention said Thursday that while Mexico is seeing more cases of the H1N1 virus, the U.S. is seeing more cases of a different strain, H3N2. Antibodies for both are part of this year's flu vaccine. H1N1 is now considered a seasonal flu.
"We are not aware of any unusual changes in the virus in Mexico that would be concerning," CDC spokesman Tom Skinner said in an email to The Associated Press.
Besides the contradicting statements about screenings at schools, the Mexican government has also put out conflicting statistics.
The health ministry on Sunday reported 637 cases of confirmed flu cases so far in 2012 along with 10 deaths — nine of them associated with 573 cases of H1N1.
On Jan. 15, it reported far lower numbers: 181 confirmed cases for all strains of flu and five deaths for 2012, meaning cases would have increased 250 percent in just one week.
The same health bulletin said that for all of last year, there were 870 cases of all strains of flu and 35 deaths.
The World Health Organization in 2009 declared swine flu the first global flu pandemic in 40 years after the outbreak of cases in Mexico that spring and then the strain spread to other countries.
Mexican authorities closed restaurants, schools, museums, libraries and theaters to stop the spread of the disease as initial reports suggested it was killing as many as one in 15 of those infected — a horrifying death rate that would have been more than three times higher than the devastating flu pandemic of 1918-19.
Additional investigation in Mexico suggested that many people had suffered only mild illness. Those cases were not counted in initial reports, meaning the death rate was much, much lower than originally estimated.
By July 2010, the Mexican government reported nearly 76,000 cases of H1N1 and more than 1,300 deaths, the most recent accumulated statistics on its website.
The World Health Organizations estimates that flu causes 3 million to 5 million cases of severe illness worldwide every year, with about 250,000 to 500,000 deaths, primarily among the elderly and the chronically ill.
香港H5N1病毒
新华网香港1月26日电 香港特区政府渔农自然护理署发言人26日表示，日前在新界深井捡走的一只鹅尸体经多项测试后，证实对H5N1病毒测试呈阳性反应。
据介绍，该只鹅尸体于1月20日在深井青山公路13咪钓鱼湾泳滩被捡走。该处的3公里范围内没有鸡场，也没有迹象显示有人散养家禽。渔护署将继续密切监察有关情况，并加强在附近一带的巡查。
渔护署表示，将继续巡查本地活家禽农场，确保业界采取适当措施预防禽流感。渔护署呼吁市民注意个人卫生，避免接触野生雀鸟或活家禽，接触禽鸟后须立即洗手
据介绍，该只鹅尸体于1月20日在深井青山公路13咪钓鱼湾泳滩被捡走。该处的3公里范围内没有鸡场，也没有迹象显示有人散养家禽。渔护署将继续密切监察有关情况，并加强在附近一带的巡查。
渔护署表示，将继续巡查本地活家禽农场，确保业界采取适当措施预防禽流感。渔护署呼吁市民注意个人卫生，避免接触野生雀鸟或活家禽，接触禽鸟后须立即洗手
Thursday, January 26, 2012
为孩子选购储蓄户口和定期存款
孩子出世了2个月了，最近开始要替孩子储蓄了。
和老婆讨论了，一小份放入saving account,大多放入定期吧。
自己在网上看了很多comparison,好象都是Maybank 的Yippie Savings Account最好，有保险cover还有那些奖励。例如PMR,SPM等考到很好的成绩，银行都会另外加钱入户口。
http://www.maybank2u.com.my/mbb_info/m2u/public/personalDetail04.do?chCatId=/mbb/Personal/INV-Investment&programId=ACC01-SavingsAccounts&cntTypeId=0&cntKey=ACC01.07
1.20 - 2.76% p.a.
Minimum deposit:
RM1
* Eligible for protection by PIDM
Account must be opened before reaching age 18
Account must be maintained until the date of submission of Cash Award
---------------------------------------------------------------------------------
OCBC
http://www.ocbc.com.my/personal-banking/banking/MY_Banking_Deposit_Saving_YoungSaver.shtm?bcid=M1_C1_S1_P4
Effective from 12 May 2011, the interest rate for Young Savers account will be revised to the following :
The product features remain unchanged.
Benefits
* To be eligible for the awards, the account must have been opened for at least 12 months prior to the announcement of examination results, and
* The results must be submitted to OCBC within 2 weeks of the announcement of examination results.
* The cash awards for academic excellence shall be paid by the Bank at such frequency and rate determined and may be reviewed by the Bank from time to time.
Eligibility
--------------------------------------------------------------------------------
Who it's for?
Juvenile Death or TPD Benefits
In the event of the death or TPD of the Life Assured occurring before age of five (5) years, the Sum Assured payable under the Basic Life Policy shall be reduced as follows:
*Eligible for Protection by PIDM
和老婆讨论了，一小份放入saving account,大多放入定期吧。
自己在网上看了很多comparison,好象都是Maybank 的Yippie Savings Account最好，有保险cover还有那些奖励。例如PMR,SPM等考到很好的成绩，银行都会另外加钱入户口。
http://www.maybank2u.com.my/mbb_info/m2u/public/personalDetail04.do?chCatId=/mbb/Personal/INV-Investment&programId=ACC01-SavingsAccounts&cntTypeId=0&cntKey=ACC01.07
Yippie Savings Account
A savings account for children aged below 18 years, offering high interest rates up to 2.75% p.a.
Effective rate:1.20 - 2.76% p.a.
Minimum deposit:
RM1
* Eligible for protection by PIDM
Benefits
- Free coin box when you open a Yippie account with a RM250 deposit
- Cash rewards for Yippie Club members who excel in their PMR, SPM, STPM and Tertiary level exams
- Free Personal Accident Insurance coverage of up to RM70,000 for you and your child
- A chance to win fantastic prizes in various contests (if any)
Note
To enjoy these benefits, you need to maintain RM1000 in your account at all times. The higher interest rate paid is subject to only one withdrawal per month. Interest is credited twice (2) a year on 30th June and 31st December respectively. To enjoy this benefit, you will have to maintain the account for at least 6 months a year, from 1st January to 30th June and from 1st July to 31st December. If the account is not maintained for the 6-month duration as mentioned, the normal Kawanku Savings interest will apply.Who can apply
- Children below 18 years old, parents and guardians who are below 60 years of age
Interest rates
| Credit balance | Nominal rate (% p.a.) | Effective rate (% p.a.) | |
| Up to RM50,000 | 3.00 | 3.01 | |
| Above RM50,000 | 1.45 | 1.45 | |
| * With effect from 11 May 2011. Subject to change without prior notice. | |||
Required documents
For Personal/Joint accounts
- Child: Original birth certificate or MyKid
- Parents / Guardian: Original Identity Card (IC) for Malaysians and
- Passports for foreigners
- Valid Passport (if IC is produced as a Primary document)
- Valid driving licence
- Utility bills (e.g. water/electricity/telephone bills, Quit Rent, Assessment Notice) in the name and address of the customer opening the account
- Letter of employment
- Credit card
Fees & charges
- Replacement of ATM/bankcard: RM12
- Replacement of lost savings passbook: RM15 incl. stamp duty
- Replacement of savings passbook due to poor handling: RM10
- Early closure of account within 3 months of account opening: RM20
- Cash withdrawals at ATM facilities owned by other banks (MEPS charges): RM1
Academic Cash Award
The Cash Award for Academic Excellence is given for excellent grades in PMR, SPM, STPM/A-Levels and Degree level. The cash awards are as follows:| Examination | Cash award |
| PMR (7As) | RM100 per accountholder |
| SPM (8As / A+) | RM200 per accountholder |
| STPM/A-Levels (5As / 4As and MUET Grade 6) | RM300 per accountholder |
| University Degree (1st Class Honours) | RM500 per accountholder |
How to qualify
To qualify, you need to meet the following criteria:Existing account holders
Maintain RM1,000 in the account during the examination year for PMR, SPM, STPM / A-Levels until the date of submission for Cash AwardNew account holders
Open and maintain RM1,000 in the account during the examination year for PMR, SPM, STPM/A-Levels until the date of submission for Cash Award1st Class Honours Degree
At the age of 18, the accountholder must maintain RM1,000 in the accountAccount must be opened before reaching age 18
Account must be maintained until the date of submission of Cash Award
Claims
The submission for Cash Award claims is to be done at the accountholder's home branch within one (1) month from the official results announcement. The Cash Award can only be claimed once irrespective of the number of savings accounts held by the imteen accountholder.---------------------------------------------------------------------------------
OCBC
http://www.ocbc.com.my/personal-banking/banking/MY_Banking_Deposit_Saving_YoungSaver.shtm?bcid=M1_C1_S1_P4
Effective from 12 May 2011, the interest rate for Young Savers account will be revised to the following :
| Tier | Existing Interest Rate (% p.a.) | Revised Interest Rate (% p.a.) |
| Up to RM50,000 | 2.60 | 2.85 |
Above RM50,000 | 0.30 | 0.30 |
Benefits
|
|
|
|
|
* The results must be submitted to OCBC within 2 weeks of the announcement of examination results.
* The cash awards for academic excellence shall be paid by the Bank at such frequency and rate determined and may be reviewed by the Bank from time to time.
Eligibility
|
|
 | No monthly service fee! |
Hong Leong Junior Savings Account
Instilling savings habit at a young age is a wise move. We recognize that supporting education and promoting savings improve the way people live in the communities we serve in.Who it's for?
- Children below 18 years old who wants to inculcate a good savings habit.
- Parents who wish to regularly put aside savings for special purchases and expenses for their child.
- Features & Benefits
- Eligibility
- Terms & Conditions
- High savings interest at 2.90% p.a. up to RM50,000
- Interest calculated daily and credited monthly
- Savings passbook provided to help your child keep track of their finances
- Open an account now with RM 1
- Low monthly premium - RM1.10 a day for complete protection for both adult and child.
- Covers both death and total permanent disability.
- Up to RM90,000 coverage per life; no medical examination required.
- Accumulated income fund available upon termination of policy.
- Coverage will commence immediately for death / TPD caused by accidents.
- Hassle free payment convenience through debiting your Hong Leong Junior Savings Account.
| Benefits | Junior Saver's Protection Plan | |
|---|---|---|
| 1st Life Assured | 2nd Life Assured | |
| Death (All Causes) | RM 45,000 | RM 45,000 |
| TPD (All Causes) | RM 45,000 | RM 45,000 |
| Premium | RM 33 per month | |
In the event of the death or TPD of the Life Assured occurring before age of five (5) years, the Sum Assured payable under the Basic Life Policy shall be reduced as follows:
| Age attained at Death or TPD | % Sum Assured Payable |
|---|---|
| 0 to 1 | 20% |
| 2 | 40% |
| 3 | 60% |
| 4 | 80% |
| 5 and above | 100% |
---------------------------------------------------------------------------------------------
至于Fixed Deposit,最近留意报纸，OCBC好像在这个时间有特别promotion,到31March如果定期9个月以上利息3.80%.自己还很挣扎。如果替孩子买股票，可能得到的股息还要高吧。。。。不过老婆就可能反对。雲頂1.2億售印尼2油氣公司
雲頂（GENTING，3182，主板貿服股）今日以3900萬美元(1億2110萬令吉)，將擁有兩項印尼油田生產分享合約的兩家子公司脫售予澳洲的AWE私人公司（簡稱AWE）。
雲頂宣佈，其95%子公司Swallow Creek有限公司，已經和澳洲掛牌的石油開採公司AWE私人公司簽署股票買賣協議，將擁有印尼Northwest Natuna油田及Anambas油田生產分享合約的子公司，Genting Oil Natuna私人有限公司，及Sanyen油氣私人有限公司100%股權，脫售給AWE。
Genting Oil Natuna私人有限公司，及Sanyen油氣私人有限公司均在新加坡成立，負責印尼Natuna海的油氣開採業務，分別持有Northwest Natuna油田及Anambas油田生產分享合約。
AWE將支付3900萬美元現金予Swallow Creek有限公司。Swallow Creek則將兩家子公司拖欠它的1億美元貸款及應收帳轉移給AWE。
這項收購行動預計將在2月份完成。雲頂表示，有關收購行動不會影響該集團2012財政年的淨利及淨資產水平。
在此之前，市場已經傳出這項脫售的消息，不過，雲頂股價今日並未受到激勵，而是隨著大市下滑，閉市時，雲頂下滑8仙，至10.90令吉，成交量為224萬1400股。
雲頂集團在2010年11月份以1億3650美元，將印尼Muturi油氣相關的特許經營權脫售給英國石油全球投資(BP Global Investments)，並在2007年以7億4500萬令吉，將旗下紙和包裝業務脫售予CVC。這一次脫售油氣業務，是該集團第三項非博彩業務脫售活 動。分析員認為是項脫售將可讓雲頂更專注於博彩業務。
僑豐投行分析員認為，這項脫售行動在預料之中，該集團一直在探討脫售其大馬、中國，印尼以及印度的發電與油氣業務。
分析員認為，油氣業務將動用龐大資本開銷，而該集團則難以為非核心業務（油氣業務）投入龐大的資金。
基於雲頂擴大其博彩業務在全球的版圖，分析員相信，該公司的估值將逐步追上全球業者的水平。該公司目前的本益比僅13.6倍，其他國際博彩業者的本益比平均為20倍。因此，分析員維持「買入」的建議。
雲頂宣佈，其95%子公司Swallow Creek有限公司，已經和澳洲掛牌的石油開採公司AWE私人公司簽署股票買賣協議，將擁有印尼Northwest Natuna油田及Anambas油田生產分享合約的子公司，Genting Oil Natuna私人有限公司，及Sanyen油氣私人有限公司100%股權，脫售給AWE。
Genting Oil Natuna私人有限公司，及Sanyen油氣私人有限公司均在新加坡成立，負責印尼Natuna海的油氣開採業務，分別持有Northwest Natuna油田及Anambas油田生產分享合約。
AWE將支付3900萬美元現金予Swallow Creek有限公司。Swallow Creek則將兩家子公司拖欠它的1億美元貸款及應收帳轉移給AWE。
這項收購行動預計將在2月份完成。雲頂表示，有關收購行動不會影響該集團2012財政年的淨利及淨資產水平。
在此之前，市場已經傳出這項脫售的消息，不過，雲頂股價今日並未受到激勵，而是隨著大市下滑，閉市時，雲頂下滑8仙，至10.90令吉，成交量為224萬1400股。
雲頂集團在2010年11月份以1億3650美元，將印尼Muturi油氣相關的特許經營權脫售給英國石油全球投資(BP Global Investments)，並在2007年以7億4500萬令吉，將旗下紙和包裝業務脫售予CVC。這一次脫售油氣業務，是該集團第三項非博彩業務脫售活 動。分析員認為是項脫售將可讓雲頂更專注於博彩業務。
僑豐投行分析員認為，這項脫售行動在預料之中，該集團一直在探討脫售其大馬、中國，印尼以及印度的發電與油氣業務。
分析員認為，油氣業務將動用龐大資本開銷，而該集團則難以為非核心業務（油氣業務）投入龐大的資金。
基於雲頂擴大其博彩業務在全球的版圖，分析員相信，該公司的估值將逐步追上全球業者的水平。該公司目前的本益比僅13.6倍，其他國際博彩業者的本益比平均為20倍。因此，分析員維持「買入」的建議。
我的股票Portfolio 2012.01.26
今天是华人农历新年初四，是股票市场好日子。我hold的股票大多gain.
去年投机太过火，结果亏本多。今年还是乖乖拿股息好了，虽然风水说我有偏财。是事实，因为前几天的E&O投机如果我hold到今天已经赚入RM400++了。可惜我没有hold,因为怕。结果选择hold的Supermax却没有很好。
目前股票portfolio如下。
如果你问我投机可以玩什么，我自己短期炒了Gtronic还有E&O.
Gtronic是因为短期看好它的业务，还有不错股息。不过我个人不喜欢科技股票。所以当初RM0.9买，现在RM1.00卖出。还是有的玩个人觉得。
E&O买入是因为当初看到它的volume很高。背后一定有原因的。是看时间爆发而已。说不定SIME真的决定购买公司，而且价格可能不过，所以才会爆发。如果SIME全购，我觉得不会少过RM2.00.
2012人人说是世界末日，而且灾难还有病疫多。所以我个人选择了HOLD手套股票到年尾。目前已经买入Supermax,Latexx去年hold到今天。其实手套股会反弹已经是所料之事情，因为橡胶价格跌，如果美金强势，未来业绩肯定走出低潮。这个时候加码我自己觉得适当。因为是在情况刚开始明朗。年尾可能卖出了。
另外，我之前已经看好的Huayang终于开始reflect了。做功课的人的reward是不错的。这个股票未来2年我觉得可以hold.虽然自己不看好propertystock,不过这个以中低阶层为主的developer自己很喜欢。hold少少看未来成绩。其他property stock以后会尽快sell.
去年投机太过火，结果亏本多。今年还是乖乖拿股息好了，虽然风水说我有偏财。是事实，因为前几天的E&O投机如果我hold到今天已经赚入RM400++了。可惜我没有hold,因为怕。结果选择hold的Supermax却没有很好。
目前股票portfolio如下。
如果你问我投机可以玩什么，我自己短期炒了Gtronic还有E&O.
Gtronic是因为短期看好它的业务，还有不错股息。不过我个人不喜欢科技股票。所以当初RM0.9买，现在RM1.00卖出。还是有的玩个人觉得。
E&O买入是因为当初看到它的volume很高。背后一定有原因的。是看时间爆发而已。说不定SIME真的决定购买公司，而且价格可能不过，所以才会爆发。如果SIME全购，我觉得不会少过RM2.00.
2012人人说是世界末日，而且灾难还有病疫多。所以我个人选择了HOLD手套股票到年尾。目前已经买入Supermax,Latexx去年hold到今天。其实手套股会反弹已经是所料之事情，因为橡胶价格跌，如果美金强势，未来业绩肯定走出低潮。这个时候加码我自己觉得适当。因为是在情况刚开始明朗。年尾可能卖出了。
另外，我之前已经看好的Huayang终于开始reflect了。做功课的人的reward是不错的。这个股票未来2年我觉得可以hold.虽然自己不看好propertystock,不过这个以中低阶层为主的developer自己很喜欢。hold少少看未来成绩。其他property stock以后会尽快sell.
| Buy At | Quantity | Cost | MktPrice | MktValue | Gain/Loss | Gain/Loss % | |
| PowerRoot | 0.5964 | 500 | 298.18 | 0.510 | 255.00 | (43.18) | -14.48% |
| Latexx | 2.40 | 200 | 493.15 | 1.920 | 384.00 | (109.15) | -22.13% |
| HuaYang | 1.580 | 100 | 171.05 | 1.410 | 141.00 | (30.05) | -17.57% |
| HuaYang | 1.400 | 200 | 294.00 | 1.410 | 282.00 | (12.00) | -4.08% |
| HuaYang(Bonus 1:3) | 0.000 | 100 | 0.00 | 1.410 | 141.00 | 141.00 | #DIV/0! |
| UOADev | 1.500 | 100 | 163.05 | 1.580 | 158.00 | (5.05) | -3.10% |
| UOADev | 1.453 | 100 | 159.25 | 1.580 | 158.00 | (1.25) | -0.78% |
| Supermax | 2.341 | 1000 | 2340.70 | 2.180 | 2180.00 | (160.70) | -6.87% |
| E&O | 1.700 | 2000 | 3425.00 | 1.720 | 3440.00 | 15.00 | 0.44% |
| Cash | 2482.76 | 2482.76 |
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