Friday, June 6, 2008

Initial Listing Requirement

Listing Requirements on KLSE
  1. Quantitative Requirements
  2. Qualitative Requirements
  3. Special Requirements

Quatitative Requirements

Quantitative Requirements
- listing based on Proforma Accounts can be considered provided companies within group:
o involved in same/complementary business*
o have common directors
o have common shareholders
* Bumiputra Company only needs to meet this criterion

Definition of Bumiputra Company:
  1. More than 50% of its equity is owned by Bumiputra shareholders; or
  2. At least 35% of its equity is owned by an identified Bumiputra shareholder together with certain conditions

Qualitative Requirements

  1. Business Dynamics
  2. Competition Dynamics
  3. Industry Dynamics

Special Requirements: Additional requirements for specific companies

  • Property-Development
  • Construction
  • Infrastructure Project Companies (IPC)
  • Plantation
  • Financial Services
  • Stockebroking
  • Trading/Retailing

Wednesday, June 4, 2008

Increase Fuel Price! Must or Revenge?

Government announce fix fuel price will increase RM0.78 from RM1.92 to RM2.70. It is 40.625% increment. Diesel price increase RM1. It will direct hit to lot of the businesses and influence the price of goods. First, the transports and utilities such as electric and water (which need fuel energy) price will be increase. Then this will lead other sector to increase their products prices as their cost increases.

Recently food shortage, food price spike up at least 30%-50% within 6 months. Then it is nature disaster in few regions, cause the demand of building material increase. This will push up the price of building material. Conservative predict it will increase at least 20%. Government also plan to let the fuel price free float in the market on August which will be RM4 in the current crude oil price. It means almost 100% increase in 6 months.

Since government has also announce the tariff of the electric power will increase, mean almost everything will increase. There is one problem, which is I believe no company willing to increase their stuff salary by 50%-100% in 6 month right? So if salary not even increase at least constant grow while all the things out there increase by exponential grow, lot of the labours, worker, stuff and citizens will be in trouble.

Malaysia economy is previously in the close and protected environment. Government refuse to let them compete with other people because it knows their people lack of abilities to survive. It is similar to a plants in a green house. In the green house, there is not competitors, no parasite, no virus or bacteria, enough resources etc. Suddenly this plant move to the out site open environment, it's faith will be undetermined. It is now in the uncharted territory.

Looking at other country hitting by the high oil price and food price. The country will be in the disorder situation. The security of the society will fall due to the reason that lot of people is poor and starve. The society sentiment will be worry and unhappy. Political unstable is factor come out with these kind of decision which will hit to the economy, development, society and security.

Government action to increase everything with this speed is due to the must or revenge? Since they election result out and party Barisan National lost lot of the seat, there are lots of the unhappy decisions announce one by one. Look closely for this fuel price issue, Malaysia is a nett fuel exporter, this means when crude oil price increase, country will gain more then loss with the high oil price. No matter how the citizen in the country use the oil, it will not influence the profit or loss of the country. It will just reduce the profit country can get. Now the first question is, is this Party loss other income sources to earn money when they loss their power in lot of the places?

When prime minister said increase fuel price is a must, and he promise he will still look for a way to help those who really need for the fuel subsidy. The second question is why the public transport such as bus fare still increase? Does it means these buses are also use by rich?

The rumour say government is thinking to send the fuel rebate money to those needed by postal. If this is true, third question is how are they going to control? Those money will go to which kind of "needed criteria"? (supporter, income, expenses, races, religion, etc ... doubt)

I know long term is a need to increase, but is it really a must by using this speed and methods?

The market sentiment guess will be not good. The selling pressure due to the unclear of the country future.

Monday, June 2, 2008

Another Side Of Capitalism Society

I just received this forwarded story from my friend. I didn't verify how true is this story, but I wonder why I never see this in any news before. This story is from China, but I believe similar can happen almost in every Capitalism society. This is also the side effect of the Capitalism. Corruption, supreme money power and weakening ethic lead to the society disorder.

For example, government plan to use tax payer money to increase their citizen knowledge, but the person who hold the money may misuses the money for their own purposes rather than the original intention. Those who really need it, cannot get.

Capitalism help to speed up a developpment but it comes with side effect, corruption. When the corruption is out of order, it ruins the whole capitalism system too. When the money go to the person without working for it, the value of the money will decrease. Example in a country or company, when there is two group of people, group A and group B. Group A didn't work and not productive. Group B work hard and productive. When all the money go to group A easily and group B has no opporunity in whatsoever effort with it. End up group B will either extinct or migrate. When the main development engine of the country dissapear in the country, it will no longer competitive. The high consumption and low productivity group will lead to the running out of resources. The next of the limited resources is the communities will figh for the resources. I learn this from the secondary school science.

Following is the article I received.
殷彩霞 Xia die, she was a hooker, or she was a teacher. She is the most honorable teacher in China. She uses her dirty body, wash through children's heart. A hooker's death, all children cried and attend her funeral; a school drop the national flag for her.

On the funeral of this 21years pretty teacher, headmaster read Xia's diary sadly in front of all the students, she wrote: 'Each prostitution, can help one schooless child; become a mistress once, can rescue a hopeless primary school.'....

Xia lived in a small village of province of Gan Shu 甘肃省. All ladies in this small village, no matter she is pretty or not, went to Southern part of city to earn money. Every spring time, they will come back with money and beautiful cloths. Xia didn't follow after she finished her secondary school. A lot of people don't understand what is she thinking of as she has the pretty face and body. And because of this, her father always scolds her.
When she heard the only primary school in the village needs some teachers, she volunteers herself to become a free teacher. She was a very good student in her secondary school before. Because of this, she passes through all tests easily and became the teacher of the school.

When 1st time Xia walks into classroom, all children were shocked to see a pretty teacher. From then on, the classroom always fills with children's laughter. Classroom -- should call it a hut instead as the wall is made of sticks and cover with leaves as its ceiling. A big stone become their table and the most expensive should be the polished dark-green stone as their blackboard. With this condition, Xia taught thousands of Chinese words and knowledge to her students.

There was wild rain destroyed the classroom of the school and all students become schoolless. The headmaster visits the province's education minister for some money to repair the classroom; he comes back with nothing. Headmaster told Xia that the minister said only will give money if Xia asks for it. Xia never meets any minister before and afraid that she will make the things worst and decided to visit the minister. She walked more than 10km to the province ministry office and sit in a beautiful office in front of the minister. Minister's eyes look hungry and point to a room and said to Xia. Your money is in the room, if you want, follow me. Xia saw a big bed in the room and is the bed that she lost her virgin. Minister raped her.

Her virgin blood drops on the bed sheet and is more reddish than the color of the national flag in the room.

Xia didn't cry, all in her mind are the eyes of all the disappointed students that have no classroom.

She didn't tell anyone about the rape case after she went home.

The next day, with the money that brought back by Xia, all villagers bought some woods and repair the classroom. But whenever there was a heavy rain, the classroom still cannot be used. Xia always tells the students that province ministry department will built a good school for them. In the past half year, headmaster had visited the ministers more than 100 times and never ever gets any money from them. He is the only 1 knows what did Xia did and he can do nothing about it. New semester comes, a lot of student s cannot pay their fees and become schoolless and follow their parents to work. Xia feels sad about that.

When Xia feels that her hope of all students can go to school become hopeless, she drops all her cloths and swears to her naked body that she will use this body to exchange for the children to be able to go to school. She knows that all ladies in the village are working as a prostitute to earn the living and she knows this is a shortcut for her to earn money. She washed herself and say goodbye to headmaster, father, and school. She tights her hair as 2 ponytails and walk to the city. When she leaves, her father smile and headmaster cry....

In the colorful city, Xia is not happy at all, in her mind, there are only broken classroom and sadness and disappointed eyes of students. She walked into a Hair-Saloon, lie down on a dirty bed, and accept her 2nd dirty business. In that night, in her diary, she wrote: 'Minister can't even compare to her 1st customer. At least they pay.'

She sends all her earnings except those for her to live on to headmaster. Headmaster follows her instruction to use the money on the school. People ask about the source of the money and headmaster only answer that it was from some donation of society.
After a while, people knows about the source of money is from the teacher and many reporters would like to interview her and she just refused and the reason is that she is just a prostitute.

With the money, the school changed. First month, there is a new blackboard. Second month, there is wooden table and chair. Third month, all children has their own books. Fourth month, all children has a red tie. Fifth month, no children go to school bare leg.
On the sixth month, Xia comes back. All students welcome her happily and say 'Teacher is so beautiful'... With all student's smiling face, Xia cries... how many tear drops and how many sadness in the past 6 months... she feels worthy when she see all these.
After few days at home, she goes back to city.

Seventh month, they built a ball park. Eighth month, there is basketball. Ninth month, all students has their new pencils. Tenth month, the school has their own national flag; and students raise the national flags daily. At the eleventh month, a land-developer refuses to use condom and Xi pregnant. After abortion, she becomes the developer's mistress. After a few months, the developers dump her because he faced problem on land-value drop in Shenzhen, he didn't pay her any cent.

Xia feels tired, she thinks to go home and go back to the school, but she has yet to fulfill student's dream which are building a concrete classroom and 2 PCs for the students. Because of these, she went back to beg the developer and the developer just refuse to pay anything but only introduce a foreigner to her. Said the foreigner will pay her RMB3000 for 1 night. Think of the wild rain happen few days ago, she tiredly goes to the foreigner's hotel. She swears that she will go back to her home and school after this.

She was killed by the 3 foreigner because of raping. That time she just turned 21years old.

Xia died without fulfill her final wish, which build a concrete classroom and 2 PCs.

A hooker dies, silently, the sky of Shenzhen is still as blue as before, ministers still happily sitting in their office, many expensive cars still running on street, people happily discussing share market, house market value, car value, and movies, music and love story. Youngster try to suicide because of small matters happen between themselves.
At this time, students, teachers and few hundreds of villagers attending the funeral in this small village 'GanShu'

In the funeral, people see a black and white photo of Xia. In the photo, she has 2 pony tails and happily smiles. Headmaster open the diary of Xia and read in front of all students, she wrote: 'Each prostitution can help one schooless child; become a mistress once, can rescue a hopeless primary school...' The national flag drop to its half... Maybe, this is the ONLY national flag drop half because of a GREAT hooker in China’s history.

After I read this, I cried for 2 hours. From now on, I won't discriminate any hooker, because among them there is a Xia. Hope you will forward this mail to all forum, friends, web spaces, to let all our governments to understand when they are saying and empty-promising, when they are drinking in the pub, when they are doing dirty politics, Someone using her own power to change the world. Xia is using her sadly eye to look at all of us. Although she is just a hooker, she is cleaner and saint than any of us. In this cold and dirty society, what she gave to the students is human's 'Great Love'.