Investment - Stock - Share - Options - Property - Land Banking

skypark mct property cyberjaya msc sofo hotel service apartment strata office corporate

2013-02-04T10:47:00.001+08:00

skypark mct property cyberjaya msc sofo hotel service apartment strata office corporate

for more info, email shrimphead8118 (a) gmail.com
skypark mct property cyberjaya msc sofo hotel service apartment strata office corporate

TOP DIVIDEND STOCKS 2013

2013-01-24T23:27:00.001+08:00

This is not stock pick recommendation post.

These are for your reference and my notes only.

Focus on the right entry price
Be diversity

Ref :
http://investorplace.com/2013/01/best-dividend-stocks-for-2013-and-beyond-ko-pg-bdx-cvx-afl-pep/2/
http://www.istockanalyst.com/finance/story/6216667/best-dividend-stocks-for-2013-and-beyond
http://www.gurufocus.com/news/203646/best-us-dividend-stocks-for-2013

T
MO
VZ
GSK
VOD
COP
BP
ABT
WU 4%
AHGP 5.76 COAL **
ARLP 6.81 COAL **
FII 4.65 Investment
CA 4.38 Software
LMT 4.88 Aerospace/Defense **
INTC 4.14 Intel
COP 4.57 Oil Comp-Integrated
PG 3.28
JNJ 3.43
PEP 3.11
MSFT
HAS
GIS
WEC
STX

Abbott Laboratories – ABT
Autoliv – ALV
CA Inc. – CA
Campbell Soup – CPB
Chesapeake Utilities – CPK
Chevron Corp – CVX
Darden Restaurants – DRI
General Mills – GIS
Heinz – HNZ
Genuine Parts – GPC
Intel – INTC
Johnson & Johnson – JNJ
Kellogg – K
Kimberly-Clark – KMB 3.55 ***
Mattel – MAT
McDonald’s – MCD 3.51
Microsoft – MSFT
Procter & Gamble – PG
Safeway – SWY
Seagate Technology – STX
Walgreens – WAG
Western Union – WU 4%
Wisconsin Energy – WE
Exelon - EXC

Ref :
Exelon - EXC
Unlike the other names on this list, utility giant Exelon doesn't have a streak of annual dividend hikes. But its 7 percent yield is too good to ignore, especially when you consider the opportunities the company has with its extensive nuclear power production capacity and commitment to clean energy initiatives. As global warming awareness grows, Exelon should see even more demand for its fossil-fuel-free energy alternatives

Altria - MO
Investors have long looked to tobacco stocks for lucrative payouts, and the company behind the popular Marlboro brand is no exception. With 44 years of dividend increases and a 5.6 percent yield, Altria's hard to outdo on the dividend front, and even though the company faces ongoing regulatory threats and ad campaigns urging smokers to quit, the company has thrived in the past despite similar conditions

AT&T - T
The company that once dominated the telecom industry isn't the ultra-conservative stock it once was, but with a 5.3 percent dividend yield, it has the highest yield in the Dow Jones Industrial Average and has been increasing its payout for 29 straight years. Thanks to smartphone and tablet growth, the wireless network provider has plenty of room to expand and improve its offerings, all the while collecting millions of monthly bill payments from customers.

McDonald’s (NYSE:MCD) franchises and operates McDonald’s restaurants in 119 countries globally. The company has raised distributions for 36 years in a row. The stock trades at 16.50 times earnings and yields 3.50%. Check my analysis of the stock for more information.

Johnson & Johnson (NYSE:JNJ) is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. The company has raised distributions for 50 years in a row. The stock trades at 14.20 times earnings and yields 3.50%.

Kimberly-Clark – KMB
Consumers never stop needing personal products, and with its Kleenex tissues, Huggies diapers, and Scott paper products divisions, Kimberly-Clark offers a 3.5 percent yield and 40 years of income raises for shareholders. As billions of emerging-market consumers get the means to buy its goods, Kimberly-Clark will see more growth potential

Procter & Gamble (NYSE:PG) is focused on providing consumer packaged goods, which are sold in more than 180 countries primarily through mass merchandisers, grocery stores, membership club stores, drug stores and high-frequency stores. The company has raised distributions for 56 years in a row. The stock trades at 18.70 times earnings and yields 3.30%.

Chevron (NYSE:CVX), through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company has raised distributions for 25 years in a row. The stock trades at 8.70 times earnings and yields 3.30%.

Walgreen (NYSE:WAG), operates a drugstore chain in the United States which provides its customers with access to consumer goods and services, pharmacy, and health and wellness services in communities across America. The company has raised distributions for 37 years in a row. The stock trades at 16.50 times earnings and yields 3%. Check my analysis of the stock for more information.

13 common mistake in Money Management

2013-01-24T22:26:00.003+08:00

Good Article
http://www.dailyfinance.com/2013/01/02/13-common-money-mistakes-to-avoid-in-2013

Out of the 13 mistakes

I think the below 10 mistakes are important :-

Carrying a credit-card balance
Being too scared to invest in stocks
Buying Mutual Fund
Buying Bond Fund
No Insurance Coverage
No Will
Having High Interest Rate Mortgage
No Retirement Fund
Shop during no sales period
Ignore Credit Rating/Scoring

Sungai Besi – Ulu Kelang Elevated Expressway (SUKE)

2012-04-06T00:21:00.005+08:00

SUKE , a six lane flyover, Sungai Besi – Ulu Kelang Elevated Expressway (SUKE)

Very nice map by Vincent ! Bravo!

View Suke Expressway in a larger map

Featured in Jenice Lee Blog also http://jenice-lee.blogspot.com/2012/03/suke-expressway.html

Those interested can view the project plan at Carrefour Ampang dan Menara MPAJ until 22 Feb 2012.

RESIDENTS of Bukit Manda’rina Second Enclave, Cheras kena lottery! All the best in the objection to the project. Hope MPAJ will listen and do something about it.
http://thestaronline.com/news/story.asp?sec=central&file=/2012/3/3/central/10822546

According to Vincent drawing, it will cross OCBC … and turn to lenSeng…
http://g.co/maps/esqv2

Malaysia Property Market Outlook 2011 and beyond

2010-11-02T19:07:00.003+08:00

The big picture

http://hubpages.com/hub/Malaysia-Political-and-Economic-for-2011-and-Beyond

some good links for us to read and understand better our Malaysia market outlook

http://www.alantanblog.com/property/why-properties-price-would-not-drop.html

http://www.alantanblog.com/property/property-market-outlook-for-2010-for-malaysia.html

http://biz.thestar.com.my/news/story.asp?file=/2010/2/17/business/5559315&sec=business

http://www.rehda.com/bulletin/10/bulletin-1007.pdf

http://www.rehda.com/resources/misc/MH%203.pdf page 11

http://turtleinvestor888.blogspot.com/2010/09/commentary-on-osk-research-property.html

http://www.fdic.gov/regulations/laws/federal/2007/07c04test1ag.pdf

http://www.horlic.com/understanding-property-market-cycle-first-before-analyze-the-indicators-to-buy-sell-or-hold/

http://www.greenenergyinvestors.com/lofiversion/index.php/t7430.html

http://www.theedgemalaysia.com/in-the-financial-daily/174647-4q-market-outlook-be-vigilant-analysts-say.html

Catalyst for property price appreciation at todays’ prices:-

–Cost push factors; price increase due to inflationary pressure, material cost increase, increase in utilities charges, contribution, green legislation and crude oil prices, removal of subsidies

–Healthy liquidity in the banking system

–Reasonable mortgage rates currently at historical low fueling buying appetite

–Higher land prices due to depleting land bank that is well serviced

–Political stability and good governance

–Rapid improvement in income (USD 7,000 in 2010 to USD 15,000 in 2020)

–Continuous population growth

–Urbanization

–Inflow of migration through talent recruitment and residency status

–Affluence and higher expectations by younger populace demanding better property and lifestyle product

–Governments’ accommodative policies and favorable incentives to stimulate market (MM2H, Iskandar Region’s special status, RPGT, etc)

–Holding power is key to capital gains and right leverage can result in attractive recurring income with positive carry over borrowing rates.

•Key Risks to derailment of property price appreciation:-

–Political instability

–Supply much greater than demand

–Prolong and protracted economic downturn in developed economies.

–Protracted low mortgage rate that promotes unhealthy speculation

–Mass Migration (both quantity and quality of migrants) that lead to vacancies and mass disposal of properties

–Credit tightening and more stringent vetting by banks

–Unfavorable government legislation and inconsistent policies

–Ageing population

–Wrong product, wrong pricing, wrong location and wrong timing of property launches

–Accept that property cycle goes through a 7-10 year cycle of ups and downs but be comforted that unlike stocks/shares/commodities/derivatives, value do not evaporate overnight!

Maxis IPO - Book Building, Private Placement, Institutional Tranche Status

2009-11-02T10:10:00.001+08:00

* Info below means that the respond for the institutional allocation is highly sought after and CIMB is seeking in more bidders overseas as well. If you guys got it, it will likely to go north :) *

Info: 30/10/09

MAXIS - Institutional tranche now over 2x covered

The institutional tranche is now over 2x covered. Asia 1on1s are being converted and quality in book is increasing. Balance of local vs Int'l demand is now 50/50. The roadshow still has Middle East, London, Europe, and USA to go with over 50x 1on1 meetings. Orders in to book prior to end of week-one (cob today) will be looked upon favorably in allocation process.

Maxis IPO - Comments, Reviews, Analysis

2009-11-02T09:55:00.001+08:00

MAXIS

Response to Maxis Bhd’s share sale, Malaysia’s largest initial public offering (IPO), is said to be tepid thus far, with asking prices said to be near the lower end of the RM4.80 and RM5.50 price range that book-runners are indicating, with one or two are at RM5.20, but very few are willing to pay that much.

LTH had publicly declared his fund would not pay more than RM5.20 apiece for Maxis shares. The fund manager is picking up Maxis shares “for benchmarking purposes”.

The final retail and institutional price for the Maxis shares are to be fixed by Nov 10 2009, after the conclusion of the book-building exercise on Nov 9 2009.

Shares of the country’s leading mobile operator are set to debut again on the Main Market in a little over three weeks on Nov 19 2009.

Some 91% of the shares are slated for institutions, while 150 million shares or 6.7% of the total offered shares are for the general public. Retailers are expected to get about 5% to 10% discount on the institutional price.

************************

What’s NEXT! … Oct 2009

As Maxis’s bookbuilding for the institutional portion of its IPO kicks off, PNB is said to be taking up 20% of the 862 million shares set aside for bumiputera institutional funds. The rest of the shares are expected to go to familiar names such as LTH and KWSP, in particular, is said to be fond of telecommunications stocks.

Sources say EPF is also eyeing a portion but a smaller one than PNB’s.

At the moment, all the funds are going in at RM4.80, which is the strike price for the cornerstone funds. Thus, other mutual funds will be expected to pay higher than that. This represents the lower end of the range that had been reported where the price was expected to fall between Rm4.80 – RM5.50.

Also in the mix, it is leant, are foreign funds such Franklin Templeton Asset Management, which is expected to pay slightll more than Rm5 per share with the intention of taking up between 1% and 2% of the allotted institutional shares.

The common is that Maxis looks expensive even at RM4.80. This is based on the fact that it is only the Malaysian operation that is being listed and that competition in the local telecommunications sector is tough.

However, there is no shortage of suitors, with around two third of the institutional shares taken up even before the book opened on 23^rd Oct 2009. This is because even though it is expensive at RM4.80, the price is acceptable compared to earlier suggested RM6.00.

At an indicative price of rm4.80 to RM5.50 the valuation seems more palatable. Even so, at RM4.80, the institutional portion of the shares – equivalent to 27.67% of maxis’ paid up capital – is worth a cool RM9.94 billion. Assuming the average price placed out to institutional investors while the retail offering stands at 174.8 million shares.

The lure of the lower price aside, the institutional funds know that it would be foolhardy to not include Maxis in their list of investments. The scarcity of shares in which MAXIS Communications Bhd will still hold 70% of the company post listing, ensures intense bidding among institutions.

So, in its current (Oct 2009) position, how much is MAXIS worth to an investor? You can price MAXIS as either a growth stock or a dividend stock.

If it were priced as growth stock, in terms of PER, investors would compare it to what is currently (Oct 2009) listed on the local bourse. Take DIGI, which is currently priced at about 15 times PER. At 15 times PER, Maxis is worth about RM4.50.

If MAXIS is priced as dividend stock, it is worth about RM4.00. This is because DIGI has about 6% dividend yield and a payout ratio of almost 90%. Based on that, if MAXIS gives a dividend of 27 sen based on a 90% payout ratio, the stock will have a yield of 6.8% and therefore, will be worth about RM4.00.

These theories are based on local terms because DIGI is a pure Malaysian player as well.

But if u priced the stock on regional terms, where the average PER is close to 10 to 11 times, the price would be close to RM3.30. These are other companies in the region that give a higher dividend yield of, say 10%.

*************************

Its Prospects … dated Sept 2009

Saudi Telecom Co (STC) has a 25% stake in Binariang GSM Sdn Bhd, the parent company of Maxis.

Two years ago (2007), MAXIS was taken private in a RM39 billion exercise.

By relisting MAXIS, Ananda gains big time on three counts …

· He is relisting only his Malaysian teleco assets whereas the MAXIS he took private in 2007 included international assets.

· Through a series of deft pre-IPO restructuring, Binariang, which he controls privately, will raise billions in cash that will enable him to retire virtually all the debt he and Binariang had taken to privatize MAXIS if he chose to. In short, Binariang will be able to pay the bulk of its debts and still end up controlling 70% of the relisted MAXIS

· Ananda will score brownie points with Najib, who is also finance minister and who wants to put Bursa back on the radar screen of international fund managers the way Malaysia was in the 1990s. To achieve this, Bursa needs more profitable big companies.

At the same time, Binariang need to restructure its debts. Binariang has three denominated debts of RM21 billion and US dollar denominated debt paper of US$900 million. Sources say Binariang needed to shore up its balance sheet to continue to enjoy a debt rating of AA (2) and A (3) respectively for the ringgit and US dollar debts.

The say Binariang needed to inject more money into its Indian telco Aircel Cellular Ltd, but it would have been difficult for it to borrow unless it restructured its existing debt. They also say the global financial crisis meant bank borrowings had become more difficult and expensive.

It was a combination of the financial crisis, which made the US dollar borrowing expensive, and Maxis’ Indian operations requiring capital to expand market share that led to the restructuring of Maxis and listing of its Malaysian arm.

The Indian operation is key to Ananda’s realizing his dream to have a cellular mobile empire with strong presence across Asia.

When Maxis was taken private in 2007, it was primarily because the listed company would incur massive debt due to its operations in India and Indonesia, something that would damp its share price performance. Moreover, the cash being paid as dividends could be used to fund expansion.

Binariang later sold a 51% interest in its Indonesian arm PT Natrindo Telepon Seluler to STC, leaving it and Maxis with Aircel as its major overseas investment.

To compete aggressively, Aircel needs more capital, an asset not all shareholders of Binariang may be comfortable with.

The biggest shareholder of Binariang is Ananda, with a37% stake, followed by Harapan Nusantara Sdn Bhd, with 30%. STC holds 25% equity stake while Shield Estate NV, a vehicle linked to Ananda has 8%.

Aircel’s capital expansion programme over the next four years (2010-2013) is about RM16.4 billion and this is expected to be primarily financed via additional equity and/or debt.

In line with Aircel’s funding needs, the group (Binariang) debt load is expected to balloon to around RM25 billion in 2010 (from RM21 billion as at Dec 2008).

It was the rating rationale that gave the market the first indication of the need for Binariang to undergo a restructuring to give Aircel additional funds to accelerate expansion.

The restructuring and relisting of Maxis are being done in a manner that will solve Binariang’s balance sheet and funding woes and give the company the flexibility to expand in India and other countries without burdening shareholders.

MCB will list its Malaysian arm Maxis Bhd by divesting 30% or 2.25 billion shares to investors. MCB is wholly owned by Binariang.

Assuming the sale is done at Rm5 per share, the divestment will net MCB some RM11.3 billion and value the Malaysian assets at RM37.7 billion. This compares with the RM39 billion valuation of Maxis that included its entire Malaysian and overseas assets when it was taken private.

Also, prior to the relisting, MCB is undergoing a restructuring that will see Maxis acquiring assets from the parent (MCB) for close to Rm4 billion and also receiving a dividend payment amounting to RM4.03 billion.

As a result of the pre-listing restructuring, Maxis will owe MCB RM4.99 billion. Maxis will seek Rm5 billion long term external debt to repay the debt.

Apart from that, four subsidiaries of MCB have declared dividends to MCB to the tune of RM4.03 billion before the upcoming listing .Of this amount, some RM2.84billion was paid in cash. The remaining RM1.18 billion will be settled by Maxis from the Rm5 billion borrowing. The dividends were declared by utilizing the retained earnings of four subsidiaries, which will come under the Malaysian arm Maxis after the listing.

Apart from dividends from the four subsidiaries, Binariang also received dividends to the tune of RM290 million in respect of redeemable convertible preference shares in Maxis Broadband.

In a nutshell, even prior to the listing, MCB (which is 100% owned by Binariang) will receive Rm7.84 billion in dividends and divestment of assets arising from the prelisting restructuring. Together with the RM290 million that Binariang received for its preference shares, the total sum MCB will ;ay the holding company is more than RM8 billion.

Add the post IPO proceeds of some RM11.3 billion (assuming the sale of 30% of Maxis is done at RM5 per share) to the Rm8 billion and the total proceeds that Binariang will get are more than a whopping RM19 billion. That is not too far off the cost incurred by Ananda and Binariang when they took Maxis private.

Then, Binariang had piled on ringgit debt papers of RM21 billion that were used to buy out old Maxis’ minority shareholders.

What is the upside for Ananda and Binariang after Maxis Bhd is relisted?

When Maxis was take private, it had both the international and local businesses. Now (Sept 2009), only the local arm is being relisted and the proceeds received will almost cover the debt incurred in taking Maxis private, if the shares are sold at Rm5 and above.

Effectively, if the shares are sold at Rm5, this will value the Malaysian operations at Rm37.7 billion. When Maxis was privatized at RM15.60 per share, the company’s market capitalization stood at Rm39 billion.

Also, after taking Maxis private, STC invested a total of US$3.1 billion to take a 51% stake in Maxis Indonesian operations and a 25% stake in Binariang. This was done via an issue of new shares, which meant the money went to Binariang’s coffers, hence reducing its cost of taking the old Maxis private by some RM10 billion.

The funds from STC are said to have been channeled into Binariang‘s overseas operations. Also, STC, together with Binariang, jointly underwrote a US$900 million loan for the Indian expansion.

If Ananda can raise enough funds from the relisting to pay off the ringgit papers raised to fund the fund the privatization of Maxis, he will free Binariang from a substantial amount of debt and still end up owning 70% of a listed Maxis and 100% of MCB’s overseas arm.

But the question is, will Maxis be able to lost a Rm5 a share or more?

So far, based on reports, the valuations given to Maxis range from Rm4 to Rm6, depending on the kind of valuation method.

If based on EV/Ebitda, a RM5 tag is too high as it would translate to more than nine times EV/Edita. On the other had, if Maxis is positioned as a dividend play, it can fetch a higher price of about rm5 a share. But then if investor is looking at dividend play, there are other options such as DIGI and Axiata.

A New Versus Old Maxis

When Maxis or old Maxis debuted on the Main Board in July 2002 with just over three million subscribers, Malaysia mobile penetration rate was under 40%. By the time it was privatized five years ago in July 2007, Malaysia’s mobile penetration rate had gone just above 90% and its subscriber base had more than tripled.

Between 2006 and 2008, Maxis’ revenue grew 21.5% to Rm8.45 billion in FY2008 from RM6.96 billion in FY2006 even as its mobile subscriber base expanded around 18% a year in Dec 2008 from Dec 2006. Mobile revenue, which made up over 90% of Maxis group revenue, grew 20.4% to RM7.9 billion in 2008 from Rm6.5 billion in 2006.

Today (2009), Malaysia’s mobile penetration rate is already above 100% alongside regional countries. Mobile operators are now (2009) looking to services such as mobile broadband as well as value added 3G data services to grow or maintain average revenue per user numbers.

The battle for price sensitive prepaid users has also become cutthroat, with at least four active mobile virtual network operators selling rebranding mobile services rising Celcom Bhd’s network.

And it is in this scenario of a highly competitive near saturated market than Maxis Bhd or the new Maxis is seeking to list on the Main Board without its sister companies in India and Indonesia that are still in the red due to start up losses.

Given tougher market conditions, the question is. What kind of growth can Maxis deliver in the current environment?

From the growth that Maxis has delivered over the past two years under the new group CEO, the need to perform remains imperative. Maxis os after all still under AK company.

In Malaysia, Maxis is still the leading mobile operator, with its 11.25 million subscriber base, commanding 40% of the market ahead of Celcom’s 34%, Digi’s 25% and U Mobile’s 0.7%. Maxis’s revenue market share also remains the largest.

However, due to competitive pressures, Maxis’ Ebita margin fell for the six months ended June 2009. Celcom’ slide however was relatively smaller.

There are also Maxis dominance coming under threat.

Its postpaid revenue market share has slipped below the 50% mark. It is also no longer the leader in terms of prepaid ARPU. Maxis was the only one of the big time operators to lose prepaid subscriber market share in 1H2009.

Celcom has made known its intention to unseat Maxis as market leader by 2011.

In terms of mobile broadband users, Celcom has been more successful in growing its subscriber base.

Nonetheless, the fact remains that competition is getting tougher and margins are being eroded. Without the potential growth factor from markets abroad, Maxis’ valuations would likely be closely tied to its ability to generate cash and pay dividends.

At the indicative IPO price of for institutional investors is RM5.50 apiece and retail price of Rm4.95) to be fair as it would imply an equity valuation of RM37.1 billion or 16.3 times annualized 1HFY2009 earnings and nine times EV/Ebita.

The valuation is on par with the prospective PER of 14 to 16 times at which domestic and regional mobile companies are trading..

Be that as it may, the absence of the potential growth factor from markets abroad and heightening competition in a near saturated market at home mean it would be tough for the new Maxis to outshine the old Maxis.

Maxis IPO - Electronic Share Application ESA for Retail Public

2009-11-02T09:47:00.003+08:00

Malaysian Public can apply for Maxis IPO

with

1. White Form

2. or ESA ( Electronic Share Application ) thru ATM ( RM2.50 charges )

3. or Internet Share Application thru the followings :-

i. CIMB www.eipocimb.com RM2 charge if pay thru CIMB Bank Berhad, RM5 if pay thru Maybank

ii. CIM www.cimbclicks.com.my RM2 charge for applicants with CDS accounts held with CIMB and RM2.5 for applicants with CDS accounts with other ADAs.

iii. Maybank www.maybank2u.com.my RM1

iv RHB www.rhbbank.com.my RM2.50

v Affin Bank www.affinonline.com NO FEES for application by their account holders

Details please see page 379 of Prospectus of Maxis IPO

Maxis IPO - Blue Form for Maxis Postpaid Customer

2009-11-02T09:45:00.001+08:00

To eligible customers only

Name :
Owner of Account Number :

1. You have met the eligibility criteria for active postpaid customers of Maxis’ mobile services (other than Elite members of the Maxis One Club), and as such you are eligible to apply for 1,000 Offer Shares pursuant to the Retail Offering using the BLUE Application Form. A successful applicant will receive 1,000 Offer Shares each. Terms and conditions apply.

As an eligible postpaid customer who has made an application using the BLUE Application Form, you may still apply for the Offer Shares offered to the Malaysian public using the WHITE Application Form, Electronic Share Application or Internet Share Application.

2. However, please be advised that applicants using the BLUE and WHITE Application Forms are not allowed to submit multiple applications in the same category of application. Further, applicants who have submitted their applications using the WHITE Application Form are not allowed to make additional application using the Electronic Share Applications and Internet Share Applications.

3. You may obtain a copy of the BLUE Application Form and Maxis Prospectus from the nearest Maxis Centre / Maxis Exclusive Partners (MEPs) Centre.

4. The Retail Offering opened at 10.00 a.m. (Malaysian time) on 28 October 2009 and will close at 5.00 p.m. (Malaysian time) on 5 November 2009. The Directors of Maxis Berhad, Maxis Communications Berhad (the Selling Shareholder) and the Majority Joint Managing Underwriters (as defined in the Maxis Prospectus) may decide in their absolute discretion to extend the closing time and date for applications under the Retail Offering to any later date or dates. Any extension will be announced in a widely circulated Bahasa Malaysia and English daily newspaper in Malaysia

5. Each completed Application Form, accompanied by the appropriate remittance and legible photocopy of the relevant documents (including a copy of your recent billing statement for your subscription to Maxis’ mobile services for postpaid) may be submitted using one of the following methods:

(i) dispatched by ORDINARY POST in the official envelopes provided, to the following address:

Malaysian Issuing House Sdn Bhd (Company No. 258345-X)
27th Floor Menara Multi-Purpose
Capital Square
No. 8, Jalan Munshi Abdullah
50100 Kuala Lumpur
P.O. Box 13269
50804 Kuala Lumpur
Malaysia

(ii) DELIVERED BY HAND AND DEPOSITED in the Drop-In Boxes provided at the back portion of Menara Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur, Malaysia,

so as to arrive not later than 5.00 p.m. (Malaysian time) on 5 November 2009, or such later date or dates as the Directors of Maxis Berhad, Maxis Communications Berhad (the Selling Shareholder) and the Majority Joint Managing Underwriters (as defined in the Maxis Prospectus) in their absolute discretion may decide.

6. Enquiries in respect of the applications may be directed as follows:

Mode of application Parties to direct the enquiries
Application Forms Issuing House at telephone no. 603-2693 2075 (10 lines)
Electronic Share Application Participating Financial Institutions
Internet Share Application Internet Participating Financial Institution and Authorised Financial Institution

You may also check the status of your application on the Issuing House’s website at www.mih.com.my, or call your respective ADA at the telephone number as stated in Section 17 of the IPO Prospectus or the Issuing House at telephone no. 603-2693 2075 (10 lines) between 5 to 10 Market Days (during office hours only) after the balloting date.

Four indicators to watch for when rally may be over

2009-08-08T12:10:00.000+08:00

Four warning signs

Commentary: Here are four indicators to watch for when rally may be over

By Mark Hulbert, MarketWatch

ANNANDALE, Va. (MarketWatch) -- Is the stock market's rally coming to an end?
Or is this week's churning action merely the pause that refreshes?
The difference between a top trader and the rest of us lies in how these questions are approached. Most of us are merely reactive, getting excited in the wake of any rally and becoming discouraged whenever the market declines -- even when it declines by as little as it did on Thursday, when the Dow Jones Industrial Average(INDU 9,370, +113.59, +1.23%) dropped by just 25 points.
A top trader, in contrast, relies on a set of indicators with proven track records that he or she will have identified in advance. This enables the trader to objectively determine when to sell rather than be vulnerable to emotions in the heat of the moment.
It is with this contrast in mind that I turn once again to Ned Davis, the founder of the institutional research firm Ned Davis Research. I devoted a column a week ago to a discussion of the indicators on which Davis relies to determine whether we are in a secular or a cyclical bull market. ( Read my July 30 column.)
(For those who don't want to take the trouble to click through to that earlier column: Davis concludes that we're in a cyclical bull market.)
In recent days, Davis has turned his attention to what would signal that it was time to reduce equity exposure and go to cash. He mentioned four indicators, any one of which would likely cause him to start selling:
Valuation. Davis would look to exit from stocks whenever the P/E ratio on the S&P 500's normalized earnings reaches 20. To be sure, putting this indicator into practice is a bit tricky, since it requires normalizing those earnings -- adjusting them, in other words, for where we are in the economic cycle. Nevertheless, Davis calculates that normalized earnings on the S&P 500 index(SPX 1,010, +13.40, +1.34%) currently stand at "around $60," which suggests that Davis will be looking to start exiting the market at the 1,200 level.
Sentiment. Davis maintains his own sentiment index, which he calls his "Crowd Sentiment Poll." This index currently stands at 62%, according to Davis, which is just above the 61.5% level that he considers to be the lower bound of "extreme optimism." He says that, on past occasions when this index has risen above 61.5%, its eventual peak has averaged 68%. He says that reaching that level this time around would "be a sign for traders to begin selling weak performers."
Internal market divergences. The indicator that Davis relies on here is one that was created three decades ago by Norman Fosback, who currently edits a newsletter called Fosback's Fund Forecaster. The indicator is called the "High Low Logic Index," which represents the lesser of new 52-week highs or new 52-week lows as a percentage of all issues traded. In Fosback's book "Stock Market Logic," he describes this indicator's rationale as follows: "Under normal conditions, either a substantial number of stocks establish new annual highs or a large number set new lows -- but not both. As the [High Low] Logic Index is the lesser of the two percentages, high readings are therefore difficult to achieve. ... When the Index attains a high level, it indicates that the market is undergoing a period of extreme divergence. ... Such divergence is not usually conducive to future rising stock prices." Fortunately for the current market, this index is solidly in bullish territory right now at 0.8%, according to Davis' calculations. He says that it would have to rise to around 2.5% before he would start looking for the exit signs.
Rising interest rates. Davis has found from his research that one of the best market timing indicators in recent years has been the 26-week rate of change for investment-grade bond yields. With that rate of change currently standing at minus 12.6%, a sell signal from this indicator is not imminent.
The bottom line? Only one of these four indicators is even close to flashing a warning signal right now, which is why Davis is bullish right now.
But, based on my tracking of his daily hotlines in recent years, I am confident that he won't hesitate to turn neutral or even bearish when these indicators turn.
Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980.
From http://www.marketwatch.com/story/four-things-that-will-indicate-rally-may-be-over-2009-08-07

It is important to know what type of Trader you are!

2008-11-09T20:59:00.003+08:00

All Trader Types

Accurate Trader

If you are an accurate trader, then you tend to be quiet and very responsible in meeting your obligations even beyond the call of duty. You are also thorough, practical and very accurate. You are the type of person that I'd want keeping track of my trades and that is your strong point. Your world probably tends to be very concrete and you value harmony and co-operation. However, trading/investing ideas tend to be very abstract. In addition the trading world tends to be very solitary...

One of your Trading Strengths

If someone hands you a system that works – you can follow through with it. You like things that are proven.