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Showing posts from July, 2015

Candy Law Lam's Photoshoot

Candy Law Lam,  a mother of 3, released her photoshoot book ... and first run of 3,000 copies sold out immediately. A model and sometime actress 25 years ago... she has made her comeback in movies in two memorable movies recently. She had her divorce finalised two years ago. Oh, by the way she is 50 years old ... stunning!!!









Countries Stock market's Capitalisation As A % Of GDP

Someone twitted to us during our BFM show about the veracity of the figures of a country's stock market as a percentage of GDP. Why is the figure important ... if you can strip out foreign listings and non related listings (inclusive of SPACs) and maybe some REITs that are foreign or regional in nature, you get a good grasp of how much of your economy is listed. 


The higher the figure, the higher the importance of the stockmarket in feeling and shrinking economic activity. IN a super bull, Malaysian domestic economy would flourish as most people will see a lot of funds swishing around, the same when its a bear market when restaurants business dwindles sharply. The higher the figure, the more attention will the central banks and authorities pay to major fluctuations in share markets.

China, though has a lowly figure of GDP that is listed, is important this time owing to the exuberant amount in leverage/margin.






http://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS/countries


The latest f…

Loyalty, Tolerance, Empathy, Leadership

There was a king. He had 10 wild dogs...
He used them to torture and eat all the ministers who made mistakes.

Once, one of the ministers gave an opinion which was wrong, and which the king didn’t like at all… 
So he ordered for the minister to be thrown to the dogs.

So the minister said, 
"I served you 10 years and you do this..?

Please give me 10 days before you throw me in with those dogs!"
So the king agreed… 

In those 10 days the minister went to the guard that was guarding the dogs and told him he wants to serve the dogs for the next 10 days… 

The guard was baffled… 
But he agreed… 
So the minister started feeding the dogs, cleaning them, washing them, providing all sorts of comfort to them.

When the 10 days were up… 

The king ordered that the minister be thrown in to the dogs as his punishment. 

But when he was thrown in, 

Everyone was amazed at what they saw..
They saw the dogs licking the feet of the minister!

So the king, baffled at what he saw, said:” what happened to my dogs. !!!”…

China's Baby Steps Into Capitalism

There is market support practiced by most countries financial authorities, usually with things such as circuit breakers, etc... but what the Chinese authorities have been doing is tantamount to meddling, acts of desperation, runs afoul of free market principles or proper capitalism. 


Here are the things China has done for the past 10 days to stop the sell down:

1) drop interest rat


es by 75 basis points
2) ban IPOs
3) ask state own firms not to sell shares
4) ask securities firms to buy shares (this one is so puzzling)
5) allow companies who wish to suspend their own shares, for basically any reason ... now its close to 50% of all listed companies in China having requested and being suspended from trading
6) restricted short bets on index futures

as if thats not enough, today they announce that anyone holding at least 5% shares in any listed company CANNOT sell their shares for 6 months.

BUT ... wait for it ... this one takes the cake ..."Under new rules announced last week by the country’…

Brave New World

Brave new world ... or just platforms masking as the middlemen, bringing buyer and seller of services on the one platform.