Keuro's Rights

For those who have Keuro, be prepared to allow yourself some cash to pick up the rights. Basically it is a 3 for 4 rights at issued price of RM1.08 per share. This basically means that if you have 10,000 units of Keuro, you will be entitled to 7,500 (3/4 x 10,000) of the rights shares. That also means that at RM1.08, the amount of cash needed is 7,500 x RM1.08 = RM8,100. Call your remisier on how to pick up your rights. Also, the rights comes with...

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Kaletsky Crushes Schiller in a Knockout

OK, its a WWF meant for financial nerds. Schiller has done very well for the knowledge base of financial economics, in particular in terms of assessing property price cycles. Not too long ago, actually, over the past 2 years, when share prices moved north, Schiller came up with his own share price "index", which is really a ratio with his selected denominators. It appeared to be very convincing that the current share prices (for the past 2 years...

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No Wonder MAS Was and Is in Trouble

The news statement goes like this: MAS should buy AirAsia to resolve woes: former MD KUALA LUMPUR: Former Malaysian Airline System (MAS) managing director, Tan Sri Abdul Aziz Abdul Rahman, has suggested that the ailing carrier acquire profit-making AirAsia as a strategy to resolve its financial woes and return to profitability. "(There is) no need for a merger with AirAsia X. MAS is the one that should buy over AirAsia and make it a subsidiary....

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CIMB, RHB & MBSB

Just as the market was heading towards a period of listless trading due to the World Cup and prevailing cautious sentiments, trading in three financial institutions are being suspended today, paving the way for the formation of Malaysia’s biggest bank. The trading of RHB Capital Bhd, Malaysia Building Society Bhd (MBSB) and CIMB Group Holdings Bhd are suspended today, all three told Bursa Malaysia separately yesterday.It is learnt that the three...

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