Sunday 28 May 2017

Kimora Lee. Bad Liar

Is the latest smash hit from Selena Gomez. Kimora Lee the fashion designer, who is married to the white guy from Goldman Sachs, who has been banned by the Singapore Government from doing banking or financial advisory business in the island state, is a denying reports that 1MDB money funded her fashion business.

Is Kimora Lee telling the truth or is she a freaking BAD LIAR. Read below and come to your own conclusions :

Kimora Lee Simmons’ fashion line at center of corruption probe

The fashion line Kimora Lee Simmons launched three years ago could become a casualty of an international investigation of corruption in Malaysia.

Simmons — who was discovered at 14 by Karl Lagerfeld — has been married for three years to Tim Leissner, the banker who left Goldman Sachs under a cloud last year after raising $6.5 billion for a Malaysian development fund.

The FBI and investigators in four other countries are tracing hundreds of millions of dollars allegedly transferred to Malaysian Prime Minister Najib Razak and his cronies.

“Goldman Sachs was paid exorbitant fees for selling the bonds,” one lawyer who has followed the case told me. “The prosecutors, if they do their job, will seek to claw back the commissions.”

It is widely believed that Leissner financed the launch of his wife’s eponymous fashion line. As Fashionista noted in 2014, “Unlike other brands that come into the designer market, Simmons has an unusually well-funded infrastructure.”

Kimora has two daughters from her marriage to hip-hop mogul Russell Simmons, a son by Djimon Hounsou and a son with Leissner.

But she is best known for two reality shows, “Kimora: Life in the Fab Lane” and “Kimora: House of Fab.”

Kimora’s fashion line — sold online and at a boutique in Beverly Hills, Calif., with tops going for $550 — can’t be profitable, no matter how beautiful her designs are, retail experts told me.

“She’s off the map. She’s not in any department stores,” one said. And Leissner might not continue to subsidize the operation.

Reps for Simmons, Leissner and Goldman Sachs did not respond to requests for comment

Wednesday 24 May 2017

1MDB. Its Five (o'clock)

Is the hit from hard rockers Aphrodite's Child, taken from the album five o'clock.

Its way past five' o clock now, but as of now five people have been jailed for the crimes committed relating to 1MDB.

Nobody in Malaysia, who has Malaysia's interest at heart, will be happy until fat boy jho Low is thrown into the jail.

Meanwhile, read the story below :

SINGAPORE (May 24): Kelvin Ang Wee Keng, a former remisier with Maybank Kim Eng, has become the fifth person convicted in Singapore for roles related to fund transfers linked to 1Malaysia Development Bhd (1MDB).

Ang, 35, pleaded guilty in court this afternoon for bribing research analyst Jacky Lee Chee Waiy with S$3,000 to speed up the preparation of a valuation report needed to support the acquisition of PetroSaudi Oil Services Limited (PSOSL).

Ang was fined S$9,000 by district judge Lim Keng Yeow – S$1,000 lower than the fine sought by prosecutors. Ang’s three weeks of remand when he was first arrested last year was taken into consideration, the judge added.

DRB Hicom . Pretty Girl

Is the massive UK hit for Maggie Lindemann.

In January, I told you this deal was going to happen this year.

Reuters has the story. Read below, the story of this pretty girl :

China's Geely takes 49.9 percent stake in Malaysia's national carmaker Proton

Chinese automaker Zhejiang Geely Holding Group on Wednesday said it would buy a 49.9 percent stake in Malaysia's national carmaker Proton from conglomerate DRB-HICOM (DRBM.KL), marking another major Chinese auto investment in Southeast Asia.

Geely, parent company of Hong Kong-based Geely Automobile Holdings Ltd (0175.HK) and Sweden's Volvo Car Group, would also acquire 51 percent of Proton unit Lotus, the companies said.

The investment comes on the back of deals worth billions of dollars signed recently between China and Malaysia, but Proton is an asset wrapped in national pride as an emblem of the country's post-independence industrialization and economic growth.

"Proton will always remain a national car and a source of pride, as Proton will still have a majority hold of 50.1 percent," Malaysia's Second Finance Minister Johari Abdul Ghani said at a press conference to announce the deal.

"Our very own much-loved brand now has a real chance in making a comeback, a huge one I hope."

No value for the deal was released, but a statement from DRB-HICOM said an agreement with Geely was expected to be signed in July.

Tuesday 23 May 2017

Orion IXL. Congratulations

Is the massive hit by Post Malone from the album stoney.

If you own, Orion IXL shares, you might be feeling a little stoney right now, with the stock falling to 38.5 Sen with some 8 million shares traded, matching it's four weeks average volume.

But congratulations, Orion IXL will be holding its EGM, after this week, and with that will come some RM15 million in gauranteed profits.

So don't sell, and get ready for a rodeo ride, because the guy holding the ringgit Bil, is merely playing Russian roulette 😈.

Friday 12 May 2017

JJPTR. I'm The One

Currently sits at number two position on the UK top ten. The single is from DJ Khaled & Justin Bieber.

The authorities showed who is the one who can give you legitimacy, and with that a big middle finger to Gerakan which had attempted to give JJPTR some form of respectibility.

Free Malaysia Today has the story. Read below:

Some 20 officers from the federal police, Companies Commission of Malaysia and Bank Negara Malaysia stormed the JJPTR office at Perak Road here today.

At about 12.30pm, the officers rushed up to the first floor of the shoplot, ignoring questions by reporters about their presence.

Police then blocked the doors of the office, telling members of the media to “wait for Bukit Aman” to respond on the matter.

Police reportedly froze five JJPTR bank accounts following a multi-agency crackdown led by the Attorney-General’s Chambers.

Wednesday 10 May 2017

Ringgit Malaysia. Love Don't Live Here Anymore

Is a minor hit for Madonna from the massive best seller Like A Virgin album.

For Ringgit Malaysia, it seems Love Don't Live Here Anymore, as the currency hovers at 4.35 against the US dollar and 3.08 against the Singapore Dollar.

Not even, the 1MDB bond issue settlement, has managed to bring the currency below RM4 against dollar and below RM3 against the Singapore Dollar.

This has become the new normal, and the fear is now, we may never in our life time see the Ringgit below RM4, against the US Dollar. This is a scary thought for the Malaysian economy and a good pointer as to where inflation is heading to.

Pos Malaysia. See You Again

Is the massive hit from the pot smoking Wiz Khalifa and Charlie Puth.

Hong Leong Research this month has up grade Pos Malaysia's price target to RM6.08.

See You at six then....

JJPTR. Gerakan.In Case You Didn't Know

Is a current US Top 30 hit from Brett Young.

In case you didn't know, on Feb 24th this year, Bank Negara has put JJPTR under the financial consumer alert list.

What this means is that whatever JJPTR is promising people who part with their money is illegal.

Out of the blue comes GERAKAN which is part of the Barisan Nasional Government, to show the middle finger to the Barisan Nasional' appointed Governor of Bank Negara , by holding this press conference and with that giving the illegal JJPTR some form of credibility, which it does not deserve.

The star has the story. Read below :

KUALA LUMPUR: Controversial investment scheme JJPTR founder Johnson Lee has finally made an appearance in public.

He appeared at a press conference facilitated by Gerakan, which featured 100 JJPTR investors with disabilities.

At the press conference, Lee declined to take questions from the press, but returned the investments of 10 of these people, saying he would fully the refund the other 90.

Several armed policeman were at the scene here at Jalan Ipoh on Wednesday, but they did not stop Lee from leaving.

Monday 8 May 2017

IWC Bhd. Why Me

Is the massive​ hit that turned Irene Cara into a super star in the 1980's.

March 2017, superstar IWC Bhd which had hit limit up twice in that month, might be asking the same question WHY ME, now that the stock has hit limit down.

Down 92 Sen to RM2.16, IWC still have plenty of fat for a couple of more limit downs.

If the Bandar Malaysia project stays axed, then all of IWC IPO Financial projections cannot be met.

Sunday 7 May 2017

Black Beatles

Is the massive hit of 2017 for  Rae Sremmurd.

Talking about the Beatles, stocks in the USA has done something, it has not done since the Beatles first toured North America , some 53 years ago.

Clearly, there is a stock market party taking place across the globe, from the Americas to Europe and all the way to Asia, where Japan, South Korea and Taiwan are leading the charge.

The response on the Malaysian equity market has been decent,  although there is an underlying feeling, despite so many positive economic reports, the GST has robbed the nation of its heart and soul.

Here is Market Watch telling you what happened when the Beatles first toured the USA and why it is relevant today to the stock market :

The stock market just did something it hasn’t done in 53 years. As of Friday, the S&P 500 moved less than 20 points in either direction eight days in a row, the longest streak since the Beatles first visited North America.

But for all the dramatic scenarios this factoid could imply, for stocks, it may be a good omen given the historical precedent.

In 1964, the last time the S&P 500 was range-bound for this long, the stock market eventually threw off its shackles to gain 0.5% the following week and rise 1.7% one month later, according to analysts at Bespoke Investment Group.

Those may not be numbers to crow about, but Bespoke analysts stressed that the limited downside amid low volatility is remarkable.

Jonathan Krinsky, chief market technician at MKM Partners, blamed some of the market’s lethargy on investors moving to foreign assets.

The underlying trend in the U.S. is bullish, he said, but “there is some rotation out of U.S. into international stocks. Europe continues to break out and hit new highs, Asia—Japan, Korea, and Taiwan—are acting very strong