Sharing Article

http://www.ahyap.com/blog/defend-comply.php
Nice article on psycology tricks.

Working Life in Hire Purchase Dept

So, 3 months came pass by. 3 months working life in KL...erm...there are lots of good and bad for me to comment.

On the day when I joined the department, I was shocked by the personnels involved in the department, which was 60 least, and I came understand at the following days that this is the reasonable amount of people should be here to handle the business volume. (The problem is it takes me around 1 month to know everyone there...)

I have been assigned as an officer to incharge credit admin matters, and I am the one to take full responsibility on settlement matters, and the fact is, I gonna entertaining phone calls and attend to appealing customers and dealers for the whole working hours, and finally I can only start my mountain paperworks after 6pm, and guess what? leaving the bank at 10pm something is just a common story among most of the staffs there, as well as working overtime every saturday and public holiday.

The above is not the tough one for me, the tough thing is the people I am working with and the politic working environment. At first, everything seems fine between my close colleagues, but after some time, it is apparently two gangs breaking up between credit admin team, which is gang grouped according to races, luckily the few chinese there didn't involve in such politic, which some time make me feel embarrasing to deal with each other.

Good thing here is, there are two clerks work under my supervision, which were very hardworking and fully committed to assist me, and I feel very lucky for this as most of the clerks there did not apply the similar attitude and they will leave the bank punctually after office off hour.

Well, there are lots more story to tell but I think I will reveal these far, so that I am able to give a full and detail exposure after my employment confirmation after another 3 months more~

Mariah Carey - Forever

Those days of love are gone
Our time is through
Still I burn on and on
All of my life
Only for you
From now until

[Chorus:]
Forever and ever my darling
Forever
You will always be the only one...
You will always be the only one...

As long as I shall live
I'll hold you dear
And I will reminisce
Of our love
All through the years
From now until

[Chorus]

If you should ever need me
Unfailingly I will return to your arms
And unburden your heart
And if you should remember
That we belong together
Never be ashamed
Call my name
Tell me I'm the one you treasure

[Chorus]

Should Malaysian investors worry about the slower growth in the developed market?

Its been long time since my last post tagged as business and finance related topics. As past few days I've been informed to write an essay on the above topic in order to pass the first round assessment of my application for a unit trust research analyst position in iFast capital, I just like to give it a try despite I've been working in a bank now as I am interested to get an idea on my ability to become an analyst in investment field. Below is my essay on the topic:

Resulted from sub-prime crisis and Greece sovereign debt problem, developed countries especially Euro which leaded by US market suffering financial stagnant all the while since 2008, even though it appears sometime when there were few signals of economic recovery, but it seems can’t last long and remain stagnant still. There is no doubt that the US situation has implication on Malaysia and region stock market, however, I would like to point out that those implications may temporarily effect local investors’ psychology and sentiment in stock market, nevertheless, it will bring minimum impact towards our strong economic fundamental in the long run.

Let’s take a look at the past few months economic data and indicators, although US unemployment rate shown a significant rise in the past few months, the country’s housing data and production index also shown a dissatisfied result as well, however Malaysia’s economic indicators showed positive result, as well as stock market performed well in the same period and the FTSE KLCI index achieved 1400 points and above recently.

To strengthen the point, we may have a look at our country’s export statistics as shown in the chart below, our gap between export toward ASEAN and South countries (exclude Japan) compared to export volume to US and EU countries had became wider in recent years. This fact shows that developed countries demand are no longer a major determiner on our economic, while emerging countries have a more important role instead. In addition, there are lots of unexplored potential markets in the emerging countries (Brazil, Russia, India and China) awaiting Malaysian to explore extensive business opportunities.

Our economic health in that similar period also supported by recent profit jumping showed in most listed companies’ quarter financial reports, among those companies comprised from banking, automobile, service and else.

Another reason why Malaysian investor should take into consideration is our currency rate. As we all know, Ringgit had came to a high level against US currency at RM3.1/USD compared to previous level, and our currency had been the most impressive one among the region’s currencies, and it is optimistic to expect that Ringgit can keep strengthening against USD.

For those interested in developed market, in the short run, market may perform volatile trend due to the unstable economic environment; however, due to their strong basic fundamental, it is confident that they will rebound in the long run from the financial crisis, after all, US and EU counties had learned a lesson through the devastating financial crisis, and therefore taking action to control and tighten the financial policy.

In a nutshell, except for those who like to gain profit especially from the developed market investment in short term, otherwise Malaysian investors who invest in local market and nearby region countries should not worry about the slow growth in developed countries in the long run.

Public Bank Interview

I have been gone through the Public Bank management trainee (position tittle in the interview confirmation email) interview this early Monday, which HR people called me for that interview session in end of July. At first, the HR personnel asked me whether I am willing to involve in outdoor sales in the phone conversation and I said: "Ya, I can try it~", only then I had been confirmed an interview later, hence I assumed that they will place me in the sales line position, and indeed I had stated position as trainee credit analyst in my application email.

During the interview, two ladies interviewers asked me what field which I intended to work in, and I straightly told them credit analyst work although I assumed they planned to place me in the sales line, and following that the interview conversation is all about the technical knowledge on 5C approach, financial statement understanding and problem solving skill in credit analysis process, which they didn't even touch much on sales matters.

Next, I have been asked about my varsity extra-curriculum activities and requested to elaborate on it as well. They also asked me the qualities that a credit analyst should possessed. And finally is some HR standard questions such as preference working location, got own transport or not and else, after that my interview session ended and they said will inform me within 2-3 weeks if I am shortlisted. Frankly speaking, I personally did not feel that I performed very good in the interview but indeed just ok only, and I expected the chance get shortlisted not that pretty high.

Well, to my superb surprise, they called me the next day to ask me if I am able to work in KL, I said yes. The following day, they said confirmed my employment status as graduate trainee in Taman Maluri Public Bank, one of their Cheras's branches, processing personal loan, i.e. hire purchase and mortgage loan and can start working next week if my medical checkup can pass through within this week. During the two days, my hand and leg just shivering uncontrollable, because things happen really out of my expectation~!!!

What I can say is, Public Bank HR is extremely efficient in my case. By the way, my medical check-up report had come out today, thus next week will be the starting of my banking career and a new milestone in my lifetime, cheerio~!!!

Two Diaries

Jul 30, 2010

Today is my last day in FMM Perak, after a 3 months working experience here, I did learn a lot from my superiors and colleagues, despite this is not my field of specialization. On top of that, I appreciate the relationship and rapport build between all of us; it is hardly any word to describe how I am enjoying the working environment here and appreciation of every careful guidance, tolerance and patient of my superiors and colleagues on me, though it is ironic that I am still going to leave the organization due to salary and future career prospect consideration.

And to my surprise, today my executive, Ms. Nicole Choe had personally spring me for a delicious meal, my assistant manager had also gifted me a branded ball pen, and yet I received a nice looking tie gifted by all FMM Perak staffs, wow~ haha. Furthermore, all colleagues had secretly planned a farewell party for me. Frankly speaking, I do have bad concern on the peanut allowance earlier, but today it is completely different things in my mind, it is so….I don’t know what to say already….haha…just feel so touch~^^

I would like to have my appreciation words to every staff in FMM Perak here:

Mr. Louis (Branch Manager)
Although he seems strict sometimes, but actually he is very concerning towards his subordinates, after all, sometimes it may appear that he is easy going and friendly people as well. He had given lots of useful and precious advices on my career development, especially interviewed techniques and career improvement skills which I will always keep in mind and benefit from those advices in life-long process.

Mr. Mahinder (Assistant Manager)
Also my industrial supervisor, he is cool, yeah, and though I do not have lots of interaction and conversation with him (since he is cool), but I know that he is a very nice person, and I did learn a lot from him as well. I would like to say thank you to him for everything and also, of course, the branded ball pen~haha~

Ms. Nicole Choe (Executive)
This is the only superior I have lots of interaction with, very talkative, friendly, and easy going young lady. She is the one which I had learned the most from her; personally felt that she treated me as though I am her younger brother style. Thank you for her caring, mentoring and motivating during my industrial training, and I never forget she was the one who always ask me to do lots of public speaking to introduce courses’ trainers and announcements to trainees. In the end, thank you for everything and of course, thank you for spending a lamb chop for me~hehe~

Ms. Jessie Yang (Executive)
Leng Nui (pretty) Executive, though did not have much interaction with her as well since we have completely unrelated job scope, but she is nice and did give some useful advice to me as well. And I will not forget her delicious cakes which she had spend earlier.

Kak Eda and Ms. Charlotte
The two secretariats in FMM which I had coordinated a lot of work with them together, nice and patient seniors, and help me solve a lot of problems during my internship period.

Kak Ita and Ms. Angeline
Another two secretariats which are less work coordination with me, despite that, they are also nice colleagues without doubt if I have to work with them.

The working experience in here shall me one of my precious memory in my lifetime, THANK YOU FMM~!!!

Aug 8, 2010

Today is my convocation, a day which I have been officially declared as a graduate from USM, with a Bachelour Degree of honour in Management (Finance). Here, I would like to say thank you to every lecturer and friend which had appeared in my 3 years varsity life, without you all, it is definitely a boring journey, and I sincerely apologize to anyone if I had disturbed your feeling or make you feel bad during that time.

First and foremost, my deepest appreciation for my family members who had supported me all the way, especially my dear mother, there is impossible that I can pay you back everything throughout all my life for your achievement.

Great gratitude towards these lecturers: Dr. Anees Ali, Yg Bahagia Datin Joriah and Mr. Loke, which they had helped me a lot in my academic and career.

Thanks all my management friends for the acquaintance: Mr. Lim, Hong Seng, Chyi Fang, Kenneth, George Davidson, Morna, Mahkala, Mei Ying, Chin Yao, Khai Lang, Gan Ling, Bee Ting, Pei Tee, Jerry Chai, Kuan Ru, Wan Ting, Yi Phang, Dorris, Paul, Shahibul, Timol and else. (sorry unable to recall all people at once and the wrong name spelling that I might make…:P)

And special thanks to USM education counseling society’s activities partners for the memorable acquaintance: Yong Fang, Kai Cheong, Kim Hou, Xiao Wei, Eng Hua, Yan Fen, Foong Yee, Soo Teing, Yee Jing, Yoke Kin, San Chew, and Chin Xiang. And the same also goes towards for the dear seniors and nice juniors as well.

Of course, and also appreciate other friends from USM and others local universities: Zhu Jian, Siao Ling, Fong Yee, Yong Han, Christin Cheah, Jin Jie, Wei Lok, Ngah Yun, Justin and else~

I wish you all a very bright future and good lucks always shine on you all the ways in your future, and allow me to say one more time again:“ THANK YOU!!!!!”

Internship Experience: FMM (Week 1)

I have undergoing my practical training at Federation of Malaysia Manufacturers (FMM) Perak branch. Commonly people will think that name of “federation” always belong to a society or similar else, but actually it is not, this organization may run their operation like a society, but it is an organization which registered their existence under commission of company (COC), not commission of society (COS), and of course, a profit oriented organization.

The main role of FMM is to be the advisor (mostly the representative of member manufacturers) of both local member manufacturers and government (both central and state), hence, there are lots of meetings carried out between the above parties to solve or discuss problems, which FMM become the middle man between them. Besides, FMM will organize lots of talks, seminars, forums and else for their member manufacturers and public as well, and the participants fees would be one of the main income sources aside from member fees and annual membership fees. Another important income source for FMM is generated from their subsidiary company, FMM Institute (FMMI), where FMMI main business activity is offering courses and trainings to both FMM members and non members, and my job scope is mostly assisting FMMI function and operation.

FMM income also contributed by form selling, e.g. certificate of origin (CO) form (FMM given the authority by MITI to issue certificate which proven that a manufacturer’s exported products was at least 70% locally value created).

This is what I heard from the assistant manager during the orientation in my first day of practical training. My job scopes during the internship period, mentioned by the assistant manager, are:
1) Assist in promotion of Branch events/seminars by way of telemarketing
2) Assist in administrative duties of the branch i.e. updating of records, filing, and preparation of letters
3) Assist in sourcing out new ideas for seminars/program via government agencies webpage and newspaper
4) Assist in updating/improving the branch’s website

During this first week, I had been doing proofreading, arranging and sort documents, data key in kind of boring routine stuff… but luckily this is not the only tasks I am doing. I had been asked by my senior to help out in seeking information regarding to Perak Amanjaya Development Plan through internet (I had only know this grand plan since then, never noticed it before though a Perakian), I had also attending two meetings, which one of them was the meeting between TNB Perak and member manufacturers, another was the 1st meeting of FMM ICT resources committee, which in both meetings I required to listen and record the whole minutes, thought it is easy? Nope, absolutely not, for there are lots of technical terms and jargons throughout the meetings, which make me difficult to understand what they are discussing…sigh…I told my seniors about this and they comfort me that this is what they experienced earlier too, and convince me that this is a very good experience to learn, and I self-identify with what they said.

Well, this is what I had experienced during my 1st week practical training, sharing more in coming post.

Interview Experience: OSK

Just watch Malaysia end their title dream in Thomas Cup, which defeated by China team, no sad feeling though bad news it is, as this is an expected result when you look at the facts and status.

Back to the point, this post is my last post on my interview experience for internship job seeking. Same as OE Design as for last post had mentioned, OSK internship application also applied on JobStreet as well. Actually this job is OSK investment bank graduate associate program, which the program aim on training new blood at their investment banking front office operation.

OSK HR call me up for an interview after 1 week from my application (which they mentioned it as "interview" in both phone conversation and email, and well actually it is not for the first time), well, on that time, I am so delighted after hearing their response though it is an interview only, which I willing to spend almost RM200 (preparing documents, transport and else...) just for this interview...

The first "interview" actually is an aptitude assessment, test or whatever, the test take place at OSK main branch located at KL Ampang road, and approximately 50-60 applicants present for the test. The 1st test is comprised by 5 parts, which are English language proficiency, quantitative ability, numbering order, organizing ability and also case handling (question somewhat like given you a scenario, and your decision making on it), and all of it conducted in multiple choice question form (and honestly speaking, it is quite easy answered...compared to another aptitude test from IBM which I did try earlier). Besides, there also few personality tests and have to application form following the aptitude test, and well, that's all for how the first "interview" going.

the HR people told us to wait for another call up for interview (this one is really an interview) if being shortlisted. And the following week I had been called up for that, wow, it is such a exciting moment when I received that phone call. Again, I spent a sum of money again for this interview without hesitation. The HR told me to attend the interview punctual at 9am, but on that day, as there are few more applicants attending the interview as well, unfortunately I had been kept for waiting 2 hours and have my interview only at 11am (what the...). The interview session is 2 stages process, one following another, and each time will have 3 interviewers facing me alone. well, after waiting 2 hours impatiently, I am tired and blur, and thus I had performed quite bad at the 1st stage, which I believed that I had the interviewers have an impression of lack confident in myself. After the 1st stage, I had awake and being warm up, and the following 2nd stage go smoothly and I am satisfy with my performance though not extraordinary.

Questions being asked throughout those interviews included request me to introduce myself, test my willingness to perform something so that see whether I am suit for their organization, and questions like "do you think you are a leader?", "what you like to see yourself in two years time?"...

After the interview, I did not received any notification from OSK, and I had expected that since the interviewers in 1st stage interview had told me to wait for their call (which implied I had little chance being shortlisted as this is the common HR people tactic). Till now, my OSK graduate associate program application status on JobStreet there had been stated as "kept for reference"...not unsuccessful, nor kept for future consideration...what is it mean huh...???

Well, I am temporary not feel like bother their action, as I am ongoing my practical training at my hometown there, which my application for that organization did not even require me to attend any interview plus RM300 allowance per month only...T.T, though this is the case, but it is a nice experience there after I have been working there, coming post I will share my experience on my practical training~

Interview Experience: OE Design

OE Design is a jewelery manufacturer which origin in Germany and set up their manufactory at Bayan Lepas of Penang island. I had applied their management trainee position via jobstreet since their job ad had encouraged finance student to apply for it.

2 weeks after the application, I had been called up for an interview. This is a pleasant interview process as the interviewer, name Ms. Khaw (sound like that...) is a very friendly lady. And throughout the hours, it is more like a conversation than an interview, she keep on asking and giving her view on my education, family, experience and else, the feeling just like a new friend eager to know more about you.

After half hour of interview (conversation), finally come to the main point, she pointed out that after refer to my resume and other information, she decided to let me handle online customer order, which the main responsibility is to inform and assure related department on the jewelery manufactured process run as customer desired (e.g how much gems, diamonds or golds to purchase, what is the design and else) and she explained and answered a lots on the job function to me as details as what I inquired.

Well, following conversation regarding on my job position learned me a lesson, which same mistake had occur in my next interview as well, which make me regret a lots. I had questioned the points which result to her consideration to let me handle the post, which I think that my stupid question had make her feel that I am not interest in the jobs bestowed to me and well actually I am not (at least is acceptable).

And the above question had end up the interview, which Ms. Khaw ask me to consider well and give her my confirmation in following week in friendly tone, where I did not even have any chance to ask further for the remuneration package and other potential benefits. And how can I consider the job post when the most important things, basic salary range~:P, undisclosed to me?

Additionally, this is a one year contract program, and I had considered other possible better job opportunities in near future, therefore, I reject OE Design in manners, and so, this is how my second interview tells.

Coming post will be on my 2 interviews in the same company~:)

Interview Experience: KWSP

It's been a month since my last post in this blog. which I am busy with internship stuff, assignments, and final exam.

I had spend almost 50% of my time on resume, cover letter, seeking company, browsing jobstreet (daily), preparing interviews...though it is trouble me a lot, but honestly speaking, those experience really benefit my career profile.

Since last post which I had stated regarding to the CIMB internship application, I had also sent my application to Public Mutual as well, but Public Mutual is dealing and respond on my application in very simple way, they just reject directly without passing here passing there, which I more prefer this kind of working style.

Since then, I lower down and loose my prefer job scope and start to sent my application elsewhere, private, government, public listed, and else. And result from this, I had sit for 4 interviews so far in one month's time, and now I had consider myself damn good in handling interview already~haha ~

Well, actually this post is my sharing on my interview experience. And my first interview is regard to KWSP permanent job application after my graduation, but not internship~:P, which KWSP had visit my campus on recruitment purpose. As time is limited and applicants are quite a number, thus the interview go along with 4 applicants each session with 2 interviewers.

The interview started by HR interviewer ask us to introduce our self (which the same thing goes to my another 3 interviews as well, therefore for my junior, remember to practice how to introduce yourself~haha). After that, interviewer look at our resume and ask us questions randomly regarding on information stated on our resume. Next, interviewers ask our understanding on "1 Malaysia" concept, lol~. and following question is our prefer KWSP division if we being hired. And finally, the interview ended with one decision making question, the case provided to us was generally like this, a train almost to arrive a railway fork, which right railway with 9 peoples ahead, and left side with 3 peoples ahead, and we have to decide which railway to pick though choose either one will sacrifice human life, and we have to clarify the reasons which contribute to our final decision.

And of course, interviewer will give us chance to ask questions before we leave. Well, this is my first interview experience, and so far for this post, coming up post will continue on my other interview experience.

CIMB Internship Application...Sad...

1 week after I sent in my internship application to CIMB Principle, happy to have response from them...

CIMB Principle:

Dear Chee Fei, Thank you for your interest. We will forward your application to our Group HR to contact you for a possible internship at CIMB.

One day after the above response, felt exciting and expect good things come...

CIMB Group HR:

Hi there, I understand that you have sent in your application to CIMB-Principal for the internship position. Appreciate if you can send us your cover letter, resume and current results for processing. Do let me know if you need any further info. Thanks and have a nice day.

1 week after that...felt tension...

CIMB Group HR:

Hi there, I have forwarded your application to my colleague. She will in contact with you if you are shortlisted. Thanks.

the next day, which is today...totally breakdown...

CIMB Principle:

Dear Chee Fei, I was informed by Group HR that the internship applications are full so we are unable to accept you for the internship at CIMB. Thank you for your interest and we hope you can get a place elsewhere for your internship.

I think I dream too much, I dream too much, too much...everything gone...

Rain Man

I had just watched an years old movie tittle "Rain Man". cast by Tom Cruise and Dustin Hoffman, it is such a nice movie sincerely, simple plot, but really touching and interesting story, plus Hoffman superior acting skill as a autistic savant, I just cant' keep it myself and sincerely recommend my blog reader here to get this movie and watch it, you will never regret to watch this numerous award tittle winning including Oscar award movie, I bet it.

Rain Man is a 1988 drama film written by Barry Morrow and Ronald Bass and directed by Barry Levinson. It tells the story of an abrasive and selfish yuppie, Charlie Babbitt, who discovers that his estranged father has died and bequeathed all of his multimillion-dollar estate to his other son, Raymond, an autistic savant, of whose existence Charlie was unaware.

The film stars Tom Cruise as Charlie Babbitt, Dustin Hoffman as Raymond Babbitt, and Valeria Golino as Charlie's girlfriend, Susanna. Rain Man received overwhelmingly positive reviews at the time of its release, praising Hoffman's role and the wit and sophistication of the screenplay.

Plot: http://en.wikipedia.org/wiki/Rain_Man

Buffett criticizes corporate risk management

OMAHA, Nebraska (AP): Billionaire Warren Buffett said Saturday that CEOs and the boards that hired them should pay a steep price if their companies get into trouble with risky investments.

As part of his annual letter to Berkshire Hathaway Inc. shareholders, Buffett encouraged other corporations to develop meaningful penalties for top executives who misjudge risk so they will be more careful.

Buffett lamented that shareholders, not chief executives and directors, have borne most of the burden of company failures during the economic crisis of the past two years.

"In my view a board of directors of a huge financial institution is derelict if it does not insist that its CEO bear full responsibility for risk control," Buffett wrote. "If he's incapable of handling that job, he should look for other employment.

And if he fails at it - with the government thereupon required to step in with funds or guarantees - the financial consequences for him and his board should be severe."

Buffett told his shareholders he initiates and takes full responsibility for every derivative contract Berkshire writes. Those contracts helped deliver a largely unrealized $787 million gain in investments in 2009 after a $7.5 billion loss recorded in 2008.

Sources: http://biz.thestar.com.my/news/story.asp?file=/2010/2/28/business/20100228084734&sec=business

My Lecturer's Words

After replying lots of request from student on changing of mid term test date, finally my lecturer come out below words via email to all of us~(interesting~haha~)

Tittle: becoming an adult - sincere expression

invalid reasons: to entertain or to not entertain?
that is the question.

i normally don't. but when i decide to, all hell breaks loose.
who am i helping? am i really helping? or just "helping."

one says, "i'm just going for my break now."
another, "i'm helping out with my sister's wedding."
yet another, "i'm going back to my hometown."
and the list goes on..and on..

why should i care? should i care??
it being a study week..them being invalid reasons..
and you and i both know our duties, roles, and responsibilities..

what if i were to say, "i don't feel like conducting the midterm this semester.
i'd rather spend my nights at home with my family."
what would you do? would you entertain my decision? hell NO!! (coz if you did
you'd all get zeros).

think about it.

think about others having to change our live plans to fit YOUR schedule. who are
you? or perhaps i should say, who do you think you are??

each and everyone of us are important.
each and everyone of us have a life, family, other roles and responsibilities to
play.
not one is more important than the other.

ultimately, remember our culture.
respect the elder. respect the wiser.

and yes, growing up isn't easy. but it is time.

xxooxx

RHB Investment Bank CNY Greeting

Today received an CNY greeting email from RHB Investment Bank, kind of special greeting and I would like to share it here~ ^^

Dear Successful Registrant of RHB Knowledge-based Stock Challenge,

On behalf of the Stock Challenge team, we wish you and your loved ones in this New Lunar Year of 2010 …

¨ 12 months of renewed “Tiger-strength” in the stock markets

¨ 52 weeks of good health and mental alertness to profit from market volatilities

¨ 365 days for full of profit takings

¨ 8,760 hours of happy holiday time with your stock market winnings

¨ 525,600 minutes of “Lim Chee Sing-type” market insights

¨ 31,536,000 seconds of clicking “Buy” and “Sell” on during the stock challenge at the very best timing !

I'll Be There - Jackson 5

You and I must make a pact, we must bring salvation back
Where there is love, I'll be there

I'll reach out my hand to you, I'll have faith in all you do
Just call my name and I'll be there

I'll be there to comfort you,
Build my world of dreams around you, I'm so glad that I found you
I'll be there with a love that's strong
I'll be your strength, I'll keep holding on

Let me fill your heart with joy and laughter
Togetherness, well that's all I'm after
Whenever you need me, I'll be there
I'll be there to protect you, with an unselfish love that respects you
Just call my name and I'll be there

If you should ever find someone new, I know he'd better be good to you
'Cause if he doesn't, I'll be there
Don't you know, baby, yeah yeah
I'll be there, I'll be there, just call my name, I'll be there

(Just look over your shoulders, honey - oo)

I'll be there, I'll be there, whenever you need me, I'll be there
Don't you know, baby, yeah yeah

I'll be there, I'll be there, just call my name, I'll be there...

Solution, Answer and Reason

Today something suddenly appear in my mind, I am questioning what is the difference between solution, answer and reason?

Look, when someone asking you why you did this, did that, and when you reply to that question, what is your reply should be? Answer or Reason? When you solving a mathematic problem, e.g. '1+1=?', the '?' should be Solution? Answer? Or when someone ask you how can you did something, then the answer should be Solution? Reason?

My view, lets look at a few cases:

A. When someone ask you why you do this on him/her (usually bad things)...

1. You decide to hide the truth in order not to hurt him/her (hiding Reason)

2. You thinking how to reply him/her (Solution)

3. And finally you came out a reply to him/her (Answer)

B. When you solving equation '1+1=?'

1. '?' is 2 (Answer)

2. Because '1+1' (Reason)~:D

3. Then the solution? The solution is '1+1=2', use brain la...:P (Solution)

C. How you did this?

1. I do it like this, like that...(Solution)

2. Why I do like this like that (Reason)

3. Answer? Give you my solution already what? (Answer)

***The above stuff just for fun, don't take it serious~LOL~

My Yearning Childhood Comics

 

Dr. Slump

Crayon Sin Chan

  

Doraemon

China Hero

  

Storm Warriors

Today accidentally saw Dr. Slump pic which emailed to me by my friend, which make me suddenly miss those childhood comics and life a lots~^^. Its been more than a decade I did not touch the above comics, which I am so addicted to them before I enter and till the end of primary school life. 

I recall that I always get punished and reprimanded by both my parents and school teachers, just because I consumed most of my time keep reading those stuff and learned to draw them, and thus ignore all my study and homework. 

But, in fact, I am quite well known in my friends group, which I am good in drawing comic, especially Hong Kong style comic, and the second reason is, I always being called by my teachers to face headmaster individually (of course not for good things)~XP~what a shame~lol~

Sincerely, if not the pressure from my family and relatives, and also the rare development opportunities of the comic field in local. Today I shall be in this field, but not business field, for this is my natural born talent and interest...sigh...

Haiz...time just past that fast, no longer a stupid child anymore, really hope that there is a chance for me to fly back to my childhood life again, even me always dream to be an adult soon at that time... :) ...

Restaurant owner Oversea Enterprise gets Bursa listing nod

KUALA LUMPUR: Oversea Enterprise Bhd, which owns and operates the Restoran Oversea chain, has received Bursa Malaysia Securities Bhd's approval to list on the ACE Market.

Oversea expects to be listed by the first quarter of 2010. OSK Investment Bank Bhd is the adviser, sponsor, underwriter and placement agent.

The group started with its pioneer Restoran Oversea outlet in Jalan Imbi, Kuala Lumpur in 1977. Since then, it has expanded to seven outlets in the Klang Valley and Ipoh. It also has a contemporary casual dining café under the "Tsim Tung" brand, and a specialty 'dim sum' outlet.

Oversea also manufactures specialty moon cakes and baked products namely egg rolls, oriental muffin and wedding biscuits, to complement its restaurant business.

Sources: http://www.theedgemalaysia.com/business-news/158762-restaurant-owner-oversea-enterprise-gets-bursa-listing-nod.html

Oversea seems to be an attractive stock, for restaurant based company, it seems that only a few listed in ACE market, nor at the main market. Another point is, it is different from other listed restaurant company such as Kentucky and etc, which Oversea offered its unique core services and side products. Additional with its famous brand name and long established experience, I believe that Oversea  can be considered a good choice to invest in it.

Restaurant Oversea Website: http://www.oversea.com.my/main.asp

EON Cap and HLB Story

The recently most interesting business news in Malaysia:

http://biz.thestar.com.my/news/story.asp?file=/2010/1/27/business/5549378&sec=business 

My observation: Usually the one which going to be takeover by other will have a share price decrease, and the one going to takeover will have share price increase, which happen to EON Cap now. Same things go to last year Media Prima takeover action on New Strait Time.

FTSE KLCI drop till 1269.70 basis point

This week FTSE KLCI unable to break the 1300 resistance line even it is so close in last week, and untill today, it had dropped till 1269.70, which had break the supporting line of 1277. And today's dropping trend is due to the share price decreased in major finance industry stocks (PPB, CIMB, and AMMB) and also planting stocks (IOI and BKAWAN).

This news will not seems interesting here as reader can get this information in any media, the interesting thing I would like to share here is, last weekend when I attending the seminar organized by RHB invest, PPB, CIMB and IOI is the few major stocks included in their recommended stocks which they said will have a chance to gain in this few weeks, haha, the message which I am going to bring out here is, don't ever believe blindly in any analysts recommendation, for market is really really unpredictable.

Anything will be a important point to determine the market trend, for example this few days downward trend is contributed by the policy of financial tightening of US and China, which scattered away lots of investors.

But if referring to Warren Buffett adverse investing strategy, is it now considered a good time to go in market? which is "greed when majority of people fear, fear when majority people greed", while we still not see the potential decrease level? lets track it~

RHB Market Chat at Gurney G Hotel

Today wake up early 7am and  ride bus to RHB organized seminar held at Gurney G Hotel. This seminar content included global market condition review by remarkable analyst, the head of RHB research institute, Mr Lim Chee Sing, and technical analyst on FBM KLCI and few picked stocks by Mr Khoo Ban Yu, the technical analyst of RHB research institute. And two more talks on the purpose to market their financial product.

Well, after attend the seminar, the conclusion is, I am just like a primary student which listening to a degree level lecture...>.<, what a shame...after about 1 and a half hour presentation with lots of chart ,figures, and facts, the only key point I get in Mr Lim's sharing is global and local economy is in a recovery trend, despite it is still remain volatile and growth slowly, other than this point, I really absorb nothing else.

As for Mr Khoo's sharing, even I can understand it more compared to Mr Lim's, but it is not far better~:P, with numerous charts and figures too, the key point is FBM KLCI will possibly stable and upward bias in the coming next 3 months, but depend on the market psychology sentiment, which the market will boost if support line is fixed at 1300 points.

One more finding in this seminar, throughout the seminar, I saw many uncles and aunts (me more likely the youngest one in that occasion) hold a pen and paper which seems to take notes throughout the seminar, but in fact, they only copy something when the both the above analysts recommend what share to pay attention at (which implied which one to buy)~:D, I wonder they pay attention on other contents or not?

Even though didn't get much from this seminar, but at least I learned that I am still much far to achieve for certain level in this field, and besides, the free breakfast and tea break there is delicious, that is enough to cover back my transportation cost~:P~

Hmm...tomorrow still have one more seminar at Gurney Hotel there, hopefully it will be more easily to be digested...haha~

New Age

New age, come with new dreams,

dreams will be converted to actions,

actions to ensure my dreams realized,

realize dreams means I did not waste my time for an age.

24, a good looking number,

but a challenging number for me,

so much things to chase for, hunt for,

so much things have to worry for, tension for,

most important, 24 a number which represents,

a entire new milestone in my life.

For those who wishes me,

friends and family,

you will always being carved in my memory diary.

Sincerely appreciate for the one used to exist during my 23 years lifetime,

I wish you all a good fortune,

and everyday will seems a nice day to you.

24, whatever happen,

I hope I can smile like the above stupid kitty,

a stupid smile that so free, so relax,

24, come on, lets cheers~!

Cheero~!!!!

Finance - Short Selling Strategy

After studying finance knowledge for about a year, there is few things that I found quite interesting. And one of them is the strategy of "short selling".

Usually we assume that when we purchase and hold an asset, we will make profit when price increase and we sell it. But actually we do able to make profit even there is a price decrease of the asset value, and more interesting, the profit large possibly more higher than simple buy low sell high (also known as "long" as inverse to "short")strategy.

Well, the theory is like this, assume we borrow an asset worth RM500, and we sold it to another party at RM500 too. And after that, the asset value dropped till RM200, and we purchase back the asset at RM200 and return it to our lender, thus, the remaining RM300, absolutely is our net profit (and more important, the above trading activities can execute without origin cost!).

It seems interesting if compared to long strategy, but, of course there are few issues that a short seller have to bear in mind when running this strategy. First, a short seller only can make profit if only the price movement is as expected. Second, even though making profit without using initial cost ( high leverage) seems interesting, but when it is in adverse way, the same effect occur that the short seller have to lost a huge margin of money too.

Therefore, a successful short seller must have the ability to predict future asset price movement precisely in order to run a successful short strategy, so it is advise that people who are not damn good in acquire or predict the first hand asset market information better not to touch this~:P, this post just a knowledge to share but not to recommend people to adopt this strategy~^^.

Next post I try to share some famous people who are good in this strategy and how they work it.

TNB shares at 3-month low on talk of no tariffs hike

PETALING JAYA: Tenaga Nasional Bhd (TNB) shares slipped to their lowest in three months yesterday, fuelled by talk that there would be no increase in tariffs this month.

“It was that as well as a little bit of the gradual increase of natural gas and coal prices due to the cold weather factor,” said Chris Eng, head of research at OSK Investment Bank.

Natural gas and coal are the main sources for TNB’s power generation.

Shares in the national power producer shed up to 3.2% in early trade yesterday but closed 1.8% down at RM8.20.

It is understood that the subject of an increase in tariffs was not brought up at the Cabinet’s most recent meeting as widely anticipated.

A Bloomberg report yesterday quoted Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui as saying that the Government had not decided whether to raise power prices.

“Investors could have been disappointed that it (a decision on a hike) is taking longer than expected and sold off,” Eng said. “But we’re still hopeful for a hike soon.”

The market has been anticipating an increase in electricity prices this month following TNB’s higher independent power producer capacity payments to its newly-commissioned Jimah plant in Port Dickson.

The expectations of a tariff hike are also premised on the Government’s move to reduce subsidies to keep its budget deficit in check.

A tariff hike may help the Government reduce subsidy expenses but it can also lead to inflationary concerns.

TNB is now paying a subsidised gas price of RM10.70 per million British thermal units (mmbtu), which is lower than the market price of about RM12 per mmbtu.

It is learnt that TNB would only adjust the electricity tariffs based on the gas price factor, and not add on any other variables.

Electricity tariffs in Peninsular Malaysia were last adjusted on March 1 last year, reduced by an average of 3.7% following the 24% hike in July 2008.

The 3.7% tariff reduction was accompanied by a 25.2% reduction in gas prices from RM14.31 per mmbtu effective July 2008 to RM10.70 per mmbtu effective March last year.

A fund manager said yesterday’s sellers included some foreign funds. A total of 17 million shares changed hands, at least double the volume traded a day earlier.

source:
http://biz.thestar.com.my/news/story.asp?file=/2010/1/8/business/5432444&sec=business

Travel KL for Term Paper

This is not the first time, my badge have used to experienced this in our first year degree study. Know why? Because our lecturer want to do their thesis, and we, of course, the best free resources to help them finish their survey and save lots of their works~Thats why I always assume that if they are more suitable in taking economic subject, as they are damn good in economic basic phrase: getting the most from limited resources with unlimited wants and needs.

This time our far distance survey is under the financial derivatives subject, we need to do survey on fund management company registered under securities commission. The survey is based on the using of hedging strategy of those companies, whether they use it or not, why and why not, the impact and else.

As those company mostly based in KL, therefore we have to spend on transportation cost by our own~>.<~Big sacrifice huh? My group had chosen a company based in KL, located at Jalan Ismail, luckily there is a good friend living near there (Titiwangsa) can provide me accommodation.

Anyway, for me it is interesting, at least it is better than my last time  far distance survey, which me and my group mates have to travel far inside the rural areas in Pahang, which is a terrible experience by almost consuming our whole day time on riding bus to reach the destination~

This survey will be taken during the last week in this month, hopefully everything will be go smoothly, cheero~!

Finance - Financial Derivatives

The last finance major subject in USM is a difficult subject, as me myself consider this young born financial instruments as the top level knowledge in finance field with lots of complicated calculation. (even though the greatest investor Warren Buffett named it as finance destruction weapon.) Below is what we learn in coming days through this last semester.

1) Derivatives: Introduction and Overview

2) Malaysian Derivative Markets and Trading

3) Forward and Futures Markets: Pricing and Analysis

4) Stock Index Futures Contracts: Analysis and Applications

5) Interest Rate Futures: The 3-month KLOBOR Futures Contract

6) Introduction to Options

7) Option Contracts: Specification and Trading

8) Option Strategies and Payoffs

9) Option Pricing

10) Replication, Synthetics and Arbitrage

11) Options in Corporate Finance and Real Options

12) Interest Rate Swaps, FRAs and Credit Derivatives

13) Derivative Instruments and Islamic Finance

Major focus will be on futures and option, which is the 2 most common instruments in present.

My 2010

 
It is the end of a decade, 2010 a special year bringing great means to me...

2010, the year I graduate from my degree study.

2010, also represents the end of my student life.

2010, I gonna enter and start working in my desired finance professional field. 

2010, I will have my 1st real investment with my own budget.

2010, the 1st time I will live and work in KL.

2010, the 1st working experience in investment bank (hopefully, will work hard to realize it).

2010, a key year to decide whether to pursue CFA program.

Most important, 2010, no doubt, a difficult year, driving by both degree study and starting of finance world working life. However, wishing everybody a successful and prosperity 2010.

2010, Cheero~!