Tuesday, 10 January 2017

See You At 4.60. Standard Chartered Bank. Leave The World Behind

Is the 2009 dance hit for Swedish House Mafia.

Standard Chartered Bank now says, the Ringgit, shall LEAVE the world behind and slump to 4.60 this year against the US Dollar.

All this is supposed to take place within the next five months. If Standard Chartered is accurate, then this is good news for exporters such as DuFu, Meico Chipboard, Hevea, Inari, Top Glove, Chee Wah and a host of others.

Ringgit at 4.60 is going to create a headache for construction companies, as their cost is going to shoot through the roof.

At the same time , it should help the tourism sector , though the worry is at present we are attracting mostly tourist from China , India and Singapore, but the gwailo market seems to be thinning.

Jalil Hamid. NST. Apo Kono Eh Jang

Is a 2004 hit for Ally Noor and Mastura.

Pro Mahathir blogger, the highly regarded Out Syed The Box reveals today that News Straits Times circulation has fallen to 11,000 a day.

Jalil Hamid, NST, Apo Kono eh Jang, kalau betol apa kata Outsyed The Box, NST NI dah jadi sebijik macam benang basah kuyup

US Dollar. Walk Like An Egyptian

Is a hit for the Bangles, taken from the album different light.

People are looking at the dollar in a different light, ahead of Donald Trump's first press conference this Wednesday.

This is bad news for the Malaysian Ringgit, with signs already showing that the dollar rebounding.

EURUSD traded back down below 1.0590 after hitting an overnight high of 1.0627 and remains close to January’s 1.0338 low. A break below this could take the pair back to levels last seen in early 2003.

So what has this got to do with Walk Like An Egyptian?.Well, the dollar as it stands, give or take a few cents in absolute terms, is at the strongest level since 1986, the same year, Walk like an Egyptian, was among the top selling songs.

Donald Trump. Ronald Reagan. Omen.Back From The Dead

Is a current hit for hard rockers Skillet.

Just 14 hours ago, Donald Trump posted a photo of him and the late trigger happy, Soviet Union breaking President Reagan on Twitter.

Is this an OMEN to China, that if Reagan brought down the Soviet Union, Trump, who sees himself as the back from the dead Reagan is going after China, the final bastion of communism in a very big way.

We shall soon find out, if the Donald is going to do a Ronald. Won't We!!!

1MDB. Down Under

Is the standout 1982 hit single from Men At Work, from the record breaking Business As Usual album, that saw every single from the album hitting the top ten.

It's not business as usual in Down Under, as the Australian police say, they are investigating 1MDB. Such an investigation could open a fresh can of wombs, that might involve funds lent out for investments into a DAP friendly Harvest Court Bhd, and how Malaysia ended up being the top investor in Africa, even beating mighty China.

Reuters, has the story, at least part of it. Read below :

The Australian Federal Police say they are working with international law enforcement agencies to investigate companies linked to Malaysia's scandal-hit sovereign wealth fund.

Key points:

The AFP is "aware of allegations" regarding companies associated with the fundIt did not say if it was investigating any Australian links to the scandalMore than $4.76 billion was allegedly misappropriated from the fund

1Malaysia Development Bhd (1MDB), , is the subject of money laundering investigations in at least six other countries including Switzerland, Singapore and the United States.

Civil lawsuits filed by the US Department of Justice allege more than $US3.5 billion ($4.76 billion) was misappropriated from the fund.

The lawsuits seek to seize $US1 billion ($1.36 billion) in assets allegedly siphoned off from 1MDB and diverted into luxury real estate in New York, Beverly Hills and London, valuable paintings, and a private jet.

"The AFP is aware of allegations relating to companies associated with 1MDB and have assisted our foreign law enforcement partners with their investigations in relation to a number of these matters," the AFP told Reuters.

"As the AFP continues to evaluate these allegations it would not be appropriate to provide any further comment at this time."

Coming Soon. Tadmax. Stereo Love

Is a 2009 hit for Edward Maya and Vika Jiuglina. Expect a short term stereo love for Tadmax soon.

Tadmax, insiders say should be able to come out with a private placement plan within the next six weeks.

Such a placement will also have a one for one cash call.

Since the private placement must be done at par value, it won't take an Einstein to figure it out, that the Tadmax private placement must be done at its par of 50  Sen a share.

And since there is a one for one rights issue, also at 50 Sen, Tadmax needs to trade at about 56 Sen , post Chinese New Year.

This stock has a 40 per cent upside , from its 39.5 Sen base, for the non contra player.

Monday, 9 January 2017

M&M. We Didn't Start The Fire

Is the 1989 hit for Billy Joel, taken from the album storm front.

A good kind of storm front building up in Mieco Chipboard and Magna Prima.

Both stocks are up two Sen. Mieco at RM1.52 and Magna at RM1.47. Well, We Didn't Start The Fire, but these wheels look like there is still a whole lot of spinning in it.