Lowyat.NET: Latest topics by techman

Android platform in Malaysia

techman — Sat, 01 May 2010 14:07:56 +0800

Read on Maxis website saying that there r goin to offer this android soon..

Would like to know Is Maxis the only Android player in malaysia?

tq tq tq

Live Candle Stick Chart for Singapore Exchange

techman — Fri, 04 Dec 2009 15:44:26 +0800

Where can I get Live Candle Stick graph for Singapore Exchange counters ?

I called ChartNexus and was told that they will only have this product in the future.

So, anyone have any idea on this?

Thanks

[addedon]December 7, 2009, 8:06 pm[/addedon]Anyone ?

Abu Dhabi to aid Dubai on "case by case" basis

techman — Mon, 30 Nov 2009 01:17:04 +0800

Got this from the edge 29 November 2009 23.54

http://www.theedgemalaysia.com/business-ne...seq-basis-.html

ABU DHABI: Abu Dhabi, wealthy capital of the United Arab Emirates (UAE), will "pick and choose" how to assist debt-laden neighbour Dubai, a senior official said last Saturday, after fears of a Dubai default sent global markets reeling.

"We will look at Dubai's commitments and approach them on a case-by-case basis. It does not mean that Abu Dhabi will underwrite all of their debts," the official in the government of the emirate of Abu Dhabi told Reuters by phone.

Dubai's crisis exploded last Wednesday when the emirate, known for flashy lifestyles and the world's tallest building, said it would delay payment on debt issued by one of its flagship firms, angering investors and sending global markets sharply lower.

Selective assistance for companies in "Dubai Inc.", a network of quasi-sovereign industries, instead of blanket assistance, would serve a rude awakening to investors who for years assumed that the conservative Abu Dhabi provided a safety net for its racier neighbour.

"Some of Dubai's entities are commercial, semi-government ones. Abu Dhabi will pick and choose when and where to assist," said the official, who declined to be identified because he is not authorised to speak to the media.

At stake is the US$59 billion (RM198.24 billion) in debt held by government controlled holding company Dubai World and its property arm Nakheel, builder of palm-shaped islands for wealthy celebrities.

Dubai delayed payment on Nakheel debt by six months in a shock announcement, which came on the eve of a long holiday.

World leaders including Britain's Gordon Brown and French premier Francois Fillon said the global economy — recovering from two years of financial crisis — was now strong enough to deal with a shock of this magnitude.

And markets began to recover last Friday after banks outside the Gulf said they were not heavily exposed to Dubai debts.

India, which receives 10%-12% of its worker remittances from the UAE, said last Saturday it would keep a close watch on the situation in Dubai but did not expect much impact on it.

In the Gulf itself, details of local banks' exposure to Dubai have begun to emerge.

Years of chasing business in Dubai's property boom means Abu Dhabi banks have built up an exposure to Dubai-based companies worth at least 30% of their loan books, senior bankers in Abu Dhabi said last Friday.

In most investors' minds, the question is not whether Abu Dhabi will support Dubai but when and how.

Abu Dhabi, which pumps 90% of the oil that make the UAE the world's third-largest oil exporter, has already provided US$15 billion in indirect support for Dubai through the UAE central bank and two private Abu Dhabi banks.

How much more support the emirate provides for its cash-strapped neighbour, however, will depend on how Dubai clarifies its stand on unresolved issues.

"Until things become clearer, it is very difficult to make any further investment decision on the bonds. Many things have to be clarified by Dubai," the official said.

The UAE central bank said it was closely watching events to ensure no harm results for the national economy, a spokesman for the central bank said on Saturday.

"The central bank is monitoring developments very carefully to ensure that there is no negative impact on the UAE economy," the spokesman told Reuters by phone.

Constitutionally, each emirate in the UAE is a separate legal entity within the loose federation, and each controls its own natural and financial resources. The federal government has no guaranteed access to those resources nor is it obliged to underwrite the liabilities of any emirate.

As part of Dubai's restructuring programme, investors have been advised of a "standstill" in repayment of flagship real estate developer Nakheel's US$3.5 billion Islamic bond, or sukuk, due for maturity on Dec. 14.

Dubai World's US$59 billion of liabilities as of August make up the majority of Dubai's total debt of US$80 billion.

International banks' exposure related to Dubai World could reach US$12 billion in syndicated and bilateral loans, banking sources told Thomson Reuters LPC.

A statement from the Dubai government is expected on Monday, when the markets reopen following an extended break for Aidiladha, a Muslim religious holiday. — Reuters

Fragile overseas stock market performance to KLCI?

techman — Fri, 27 Nov 2009 19:35:11 +0800

KLCI is closed due to holiday so as the NYSE in the states.

However, in Hong Kong's Hang Seng is operating today and it has a nearly 5% drop due to the possibility of Dubai MEGA PROJECT debt default.

In here, I would like to know, what's the impact of this toward our KLCI which will resume trading on next Monday.

Hang Seng falls almost 5pc on Dubai debt fears
(2 hrs 43 mins ago)
Hong Kong shares tumbled almost five percent today as investors were spooked after Dubai asked for a debt repayment delay for a key state-owned firm.

The benchmark Hang Seng Index fell 1,075.91 points, or 4.84 percent, to 21,134.50 on turnover worth HK$107.51 billion.

The Hong Kong loss followed a global equity slump yesterday after Dubai's shock call to suspend the debt of Dubai World fuelled anxiety about excessive public borrowing.

"Year-end window dressing has taken a rather nasty turn, with risk being furiously sold, as sentiment soured sharply,'' David Watt, Senior Currency Strategist at RBC Capital Markets, told Dow Jones Newswires.

The move has hit Hong Kong-listed banking shares as investors fret over the extent of their exposure to the unfolding debt crisis.

Financial shares were hit hard, with HSBC losing 7.59 percent and Bank of China 5.06 percent lower.

AGENCE FRANCE-PRESSE

Pls Comment..thanks n Happy holidays to all

Saving Plans from Various Insurance Co.

techman — Wed, 11 Nov 2009 13:42:54 +0800

Dear all,

I was approached by my fren who push me for this Saving plan from this XXX insurance company, and I have some doubts about this saving plan and I hope someone will help me to clear the followings doubts:

1. They claim it's an asset for yourself.
Doubts: If it's an asset, can I place this asset to bank as collateral?

2. Interest guarantee of XX.XX%
Doubts: Guarantee by who?

3. The stability of the Co.
Doubts: Even the world largest bank, Citibank, will get into trouble. If the co., (touch wood), bankrupt, what will happen to my savings?

I hope someone would clear the doubts as I would like to help my fren...

Thanks,
Techman

Octagon 7109

techman — Sun, 08 Nov 2009 18:07:35 +0800

Anyone hold shares for this counter 'Octagon 7109' ?

I have some shares on hand, bought it at RM 0.37 per share, and the last closing price is RM 0.34 (8 Nov, Fri). I am wondering on whether should I hold it as the company shares quite seems promising in the long run (6mths??) due to quite an active trading at the price of 0.335-0.340.

Any input is welcome.

Thank you.

Redtone 0032

techman — Thu, 05 Nov 2009 12:54:03 +0800

Any sifu here knows why does this counter volume and price are going on a upward trend ??? Is it advisable to invest in this counter ????