Skip to main content

On My Way Back

Its been a tiring 8 days in the Land of the Rising Sun ... now stuck at Changi on my way back to KL. Read The Straits Times and thought it was very funny to see UOB Kay Hian circulating a memo to thier staff on "how to do self exclusion" from the 2 integrated resorts. You can actually apply to have yourself barred from entering the two casinos, or your parents or spouse could do that for you as well, provided there are sufficient proof that you are a problem gambler.

Now, why would a top local broking house do that? Its a bit embarressing. A gentle reminder? Or do you already know of problem gamblers within your midst? Must be some over-power-hungry HR staffer trying to win brownie points.

As if you didn't already know that stocks investing is almost like going to the casino - except that we don't yell picture picture loudly ... we do yell profanities though, whether they are going up or down. Or is it that the broking house knows that more money lost at casinos will translate to less funds available for stock punting or "remisiers' collateral".

Anyways, came across The Black Swan book by Taleb again, I have one big black swan but this black swan is a positive one not a dangerous one. I think most people would have the US economy sputtering at 2%-3% growth in 2011 .... the black swan is, how about 5%-6%. Think about it.

My other early prediction in 2010 about CIMB buying Public Bank did not come true, not yet anyway ... temporarily, CIMB may have shifted its target to acquiring Affin Bank @ RM4.50 according to reliable sources. So reliable, that they had to call me up in Tokyo. Traders beware.

I checked prices yesterday with a friend and relayed the story, he said "no-la, CIMB came out with a buy report on Affin". I said, "I knew about the buy report 3 days ago, sometimes things are not so obvious, sometimes they are so obvious you forget to look a bit further.


Choong said…
Perhaps now can increase position in Gen-S, even investment bankers frequent that place...besides the usual throng of PRC gamblers ( new millionaires), money launderers...and the usual auntie / uncle gamblers .
steven said…
What happen to BIMB shares. Today plenty of sellers at $1.54. Why the sudden drop of 6 to 7 cents in 1 day & what happen to the takeover talk?
steven said…
Any hope for BIMB?
coolguyz said…
CIMB just issued a denial. What do you think of the wordings in the denial? Very fishy...

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.

My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.

I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.

My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.

Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:

p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far

I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…