market expectation high on Dompok's announcement. well, i think foregone conclusion since already have cabinet approval. just need to know the framework for the tax incentives! climb baby... climb! :)
not only that, now in bloomberg it seems our storage capacity maxed out! the implementation should have been immediate! Indonesia still has 3m storage capacity whilst ours will be left rotting! hmmm....
like i said, should be implemented this tax cut immediately in light of indonesian onslaught. Anyway, only 2 more months to go. Malaysian mechanism is a bit slow! go CBIP, go! :)
Darn bloomberg from my tablet, never allow copy link!
Palm oil advanced for the first time in three days after the biggest decline in almost two weeks stoked demand from importers.
The contract for December delivery gained as much as 2.2 percent to 2,486 ringgit ($813) a metric ton on the Malaysia Derivatives Exchange and was at 2,476 ringgit at 11:29 a.m. local time. Futures slumped 2.7 percent yesterday, the biggest decline for the most-active contract since Oct. 2.
Exports from Malaysia rose 16.3 percent to 768,550 tons in the first 15 days of October from the same same period a month earlier, Societe Generale de Surveillance said yesterday. Last month, futures dropped 16 percent, the biggest loss since October 2008. The most-active price touched 2,230 ringgit on Oct. 3, the lowest level since November 2009.
“The demand is fairly good around these levels,” Vijay Mehta, a director at Commodity Links Pte., said by phone from Singapore. “There was high volatility in prices in the past couple of weeks, so many consumers were staying away. Buyers are now booking their stocks.”
Rising production and stockpiles in Malaysia and Indonesia are capping gains, he said.
Reserves in Malaysia increased to a record 2.48 million tons last month, according to data from the Malaysian Palm Oil Board. That was the third increase in monthly holdings, and 46 percent above the level in June.
Soybean oil for December delivery advanced 1.2 percent to 50.63 cents a pound on the Chicago Board of Trade. Soybeans for November delivery climbed 0.7 percent to $15.025 a bushel.
Palm oil for January delivery traded on the Dalian Commodity Exchange rose 0.9 percent to 6,904 yuan ($1,101) a ton. Soybean oil for delivery in the same month increased 1.3 percent to 9,120 yuan a ton.
To contact the reporter on this story: Swansy Afonso in Mumbai at safonso2@bloomberg.net
To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net
Hi KC Loh, thanks for your comments regarding CBIP. Hopefully you are doing well. In other hand, what do you think about Glomac & IGBREIT? Appreciate your comments. If I am not mistaken, you do mentioned before you are holding Glomac, still on hand? Thanks.
No, never held glomac. It looks good on all fundamental numbers but the management is so tightly controlling its price movement and liquidity of this stock. IGBREIT should be a strong defensive stock if dividend play is in order.
The Board of Directors of the�Company is pleased to declare a second�interim tax-exempt dividend of 10% per ordinary share of RM0.50 each in respect of the financial year ending 31 December 2012.� The dividend entitlement and payment dates will be announced in due course.� This announcement is dated�1 November�2012.
Modern bikes are called plastics because of the finishings are all made of plastic.. If for entry level a kawasaki ER-6n/f will be a good one. Riding position is quite relaxed..
Thanks djhchew and jester for fast responses today.
One or two more postings for a few recommendations other than er6n? (Not that I don't appreciate ya? Hehe) and then getting back to posting CBIP stuff here!
Then i would recommend a Kawasaki ER6-n/f for an "upgrade" from kapchai.. Modern plastics are normally referred to litre bikes (>1000cc). Aggresive riding position and exceeds 300km/h anytime.. 8)
oh no.... dont think my heart can take it at that big engine capacity and definitely not that speed! one wrong turn, even if not your fault, will be disastrous!
Thanks jester, I appreciate your help and suggestion very much. I will have to upgrade my current license soon! Any idea if need to sit for the driving course again?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KC Loh
13,701 posts
Posted by KC Loh > 2012-10-09 21:00 | Report Abuse
long overdue
http://klse.i3investor.com/blogs/journeytowealth88/18881.jsp