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EMA60SMA100
EMA20SMA40-1D
EMA4SMA6-1D
EMA4SMA5-1D
EMA15SMA22-1HR
EMA3SMA13-1HR
EMA19SMA19
CPO-FUTURES
EMA8SMA17-1D
EMA5SMA7-1HR
EMA15SMA24-1HR
EMA13SMA13-1HR
EMA12SMA12-1HR
Saturday, December 26, 2009
GOLDMINE-2
FBMCI-FUTURES
EMA60SMA100
EMA20SMA40-1D-4L
EMA4SMA6-1D-2L=4
EMA4SMA5-1D-2L=4
EMA15SMA22-1HR-2L=4
EMA3SMA13-1HR-2L=4
CPO-FUTURES
EMA8SMA17-1D-1L=1
EMA5SMA7-1HR-1L=1
EMA15SMA24-1HR-1L=1
EMA13SMA13-1HR-1L=1
EMA60SMA100
EMA20SMA40-1D-4L
EMA4SMA6-1D-2L=4
EMA4SMA5-1D-2L=4
EMA15SMA22-1HR-2L=4
EMA3SMA13-1HR-2L=4
CPO-FUTURES
EMA8SMA17-1D-1L=1
EMA5SMA7-1HR-1L=1
EMA15SMA24-1HR-1L=1
EMA13SMA13-1HR-1L=1
MANZIL
Manzil
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Question book-new.svg
This article does not cite any references or sources.
Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (March 2008)
For other uses of "Manzil", see Manzil (disambiguation).
Part of a series on the
Qur'an
Quran cover.jpg
Mus'haf
Sura · Ayah
Qur'an reading
Tajwid · Hizb · Tarteel · Qur'anic guardian · Manzil · Qari' · Juz' · Rasm · Ruku' · Sujud ·
Translations
Master List · English Translations
Origin and development
Meccan revelations · Medinan revelations
Tafsir
Persons related to verses · Justice · Asbab al-nuzul · Naskh · Biblical narratives · Tahrif · Bakkah · Muqatta'at · Esoteric interpretation
Qur'an and Sunnah
Literalism · Miracles · Science · Women
Views on the Qur'an
Shi'a · Criticism · Desecration · Surah of Wilaya and Nurayn · Tanazzulat · Qisas Al-Anbiya · Beit Al Qur'an
This box: view • talk • edit
Manzil (Arabic: منزل, plural منازل manāzil) is the word for one of seven parts of roughly equal length into which the Qur'an is divided for the purpose of reciting the entire text in one week.
They are:
1. Al-Fatihah (1) through An-Nisa' (4)
2. Al-Maida (5) through At-Tawba (9)
3. Yunus (10) through An-Nahl (16)
4. Isra' (17) through Al-Furqan (25)
5. Ash-Shuara' (26) through Ya-Seen (36)
6. As-Saffat (37) through Al-Hujarat (49)
7. Qaf (50) through An-Nass (114)
It follows this pattern:
1. The first 4 chapters
2. The next 5 chapters
3. The next 7 chapters
4. The next 9 chapters
5. The next 11 chapters
6. The next 13 chapters
7. The remaining 65 chapters.
A second meaning is a set of verses from different parts of the Qur'an which help in curing or preventing Sihr(evil magic). The collection of these verses is available in booklet form from various publishers.
[edit] As an antidote to witchcraft
The concept of sorcery or witchcraft exists in Islam. In the Qur'an verse 102 of Chapter Al-Baqara states:
And they followed what the Shaitans chanted of sorcery in the reign of Sulaiman, and Sulaiman was not an unbeliever, but the Shaitans disbelieved, they taught men sorcery and that was sent down to the two angels at Babel, Harut and Marut, yet these two taught no man until they had said, "Surely we are only a trial, therefore do not be a disbeliever." Even then men learned from these two, magic by which they might cause a separation between a man and his wife; and they cannot hurt with it any one except with Allah's permission, and they learned what harmed them and did not profit them, and certainly they know that he who bought it should have no share of good in the hereafter and evil was the price for which they sold their souls, had they but known this.[Qur'an 2:102]
In the tradition of Muhammad, he was himself once targeted by sorcerers, but he annulled their effect through the recitation of the verses of the Qur'an. According to various traditions, different parts of the Qur'an are described to have a positive effect on an individual in terms of negating and preventing the effects of witchcraft, or for general well being and becoming a better practicing Muslim. Eminent Muslim scholar of the India-Pakistan sub-continent Muhammad Zakariya al-Kandahlawi collected these verses in book form, which were already in use in his family as an antidote to witchcraft. This collection is popularly referred to as Manzil.
The Manzil comprises the following verses of the Quran:
* Surah Al-Fatihah (chapter 1): verses 1 to 7
* Surah Al-Bakarah (chapter 2): verses 1 to 5, 163, 255 to 257, and 284 to 286
* Surah Al-Imran (chapter 3): verses 18, 26 and 27
* Surah Al-A'araf (chapter 7): verses 54 to 56
* Surah Al-Israa (chapter 17): verses 110 and 111
* Surah Al-Muminoon (chapter 23): verses 115 to 118
* Surah Al-Saaffaat (chapter 37): verses 1 to 11
* Surah Al-Rehman (chapter 55): verses 33 to 40
* Surah Al-Hashr (chapter 59): verses 21 to 24
* Surah Al-Jinn (chapter 72): verses 1 to 4
* Surah Al-Kaafiroon (chapter 109): verses 1 to 6
* Surah Al-Ikhlas (chapter 112): verses 1 to 4
* Surah Al-Falaq (chapter 113): verses 1 to 5
* Surah Al-Naas (chapter 114): verses 1 to 6
The entire manzil is prescribed to be read one or three times in one sitting. This may be performed once or twice a day, in the latter case once in the morning and once in the evening.
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Question book-new.svg
This article does not cite any references or sources.
Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (March 2008)
For other uses of "Manzil", see Manzil (disambiguation).
Part of a series on the
Qur'an
Quran cover.jpg
Mus'haf
Sura · Ayah
Qur'an reading
Tajwid · Hizb · Tarteel · Qur'anic guardian · Manzil · Qari' · Juz' · Rasm · Ruku' · Sujud ·
Translations
Master List · English Translations
Origin and development
Meccan revelations · Medinan revelations
Tafsir
Persons related to verses · Justice · Asbab al-nuzul · Naskh · Biblical narratives · Tahrif · Bakkah · Muqatta'at · Esoteric interpretation
Qur'an and Sunnah
Literalism · Miracles · Science · Women
Views on the Qur'an
Shi'a · Criticism · Desecration · Surah of Wilaya and Nurayn · Tanazzulat · Qisas Al-Anbiya · Beit Al Qur'an
This box: view • talk • edit
Manzil (Arabic: منزل, plural منازل manāzil) is the word for one of seven parts of roughly equal length into which the Qur'an is divided for the purpose of reciting the entire text in one week.
They are:
1. Al-Fatihah (1) through An-Nisa' (4)
2. Al-Maida (5) through At-Tawba (9)
3. Yunus (10) through An-Nahl (16)
4. Isra' (17) through Al-Furqan (25)
5. Ash-Shuara' (26) through Ya-Seen (36)
6. As-Saffat (37) through Al-Hujarat (49)
7. Qaf (50) through An-Nass (114)
It follows this pattern:
1. The first 4 chapters
2. The next 5 chapters
3. The next 7 chapters
4. The next 9 chapters
5. The next 11 chapters
6. The next 13 chapters
7. The remaining 65 chapters.
A second meaning is a set of verses from different parts of the Qur'an which help in curing or preventing Sihr(evil magic). The collection of these verses is available in booklet form from various publishers.
[edit] As an antidote to witchcraft
The concept of sorcery or witchcraft exists in Islam. In the Qur'an verse 102 of Chapter Al-Baqara states:
And they followed what the Shaitans chanted of sorcery in the reign of Sulaiman, and Sulaiman was not an unbeliever, but the Shaitans disbelieved, they taught men sorcery and that was sent down to the two angels at Babel, Harut and Marut, yet these two taught no man until they had said, "Surely we are only a trial, therefore do not be a disbeliever." Even then men learned from these two, magic by which they might cause a separation between a man and his wife; and they cannot hurt with it any one except with Allah's permission, and they learned what harmed them and did not profit them, and certainly they know that he who bought it should have no share of good in the hereafter and evil was the price for which they sold their souls, had they but known this.[Qur'an 2:102]
In the tradition of Muhammad, he was himself once targeted by sorcerers, but he annulled their effect through the recitation of the verses of the Qur'an. According to various traditions, different parts of the Qur'an are described to have a positive effect on an individual in terms of negating and preventing the effects of witchcraft, or for general well being and becoming a better practicing Muslim. Eminent Muslim scholar of the India-Pakistan sub-continent Muhammad Zakariya al-Kandahlawi collected these verses in book form, which were already in use in his family as an antidote to witchcraft. This collection is popularly referred to as Manzil.
The Manzil comprises the following verses of the Quran:
* Surah Al-Fatihah (chapter 1): verses 1 to 7
* Surah Al-Bakarah (chapter 2): verses 1 to 5, 163, 255 to 257, and 284 to 286
* Surah Al-Imran (chapter 3): verses 18, 26 and 27
* Surah Al-A'araf (chapter 7): verses 54 to 56
* Surah Al-Israa (chapter 17): verses 110 and 111
* Surah Al-Muminoon (chapter 23): verses 115 to 118
* Surah Al-Saaffaat (chapter 37): verses 1 to 11
* Surah Al-Rehman (chapter 55): verses 33 to 40
* Surah Al-Hashr (chapter 59): verses 21 to 24
* Surah Al-Jinn (chapter 72): verses 1 to 4
* Surah Al-Kaafiroon (chapter 109): verses 1 to 6
* Surah Al-Ikhlas (chapter 112): verses 1 to 4
* Surah Al-Falaq (chapter 113): verses 1 to 5
* Surah Al-Naas (chapter 114): verses 1 to 6
The entire manzil is prescribed to be read one or three times in one sitting. This may be performed once or twice a day, in the latter case once in the morning and once in the evening.
Friday, December 25, 2009
Trend following
Trend following
From Wikipedia, the free encyclopedia
In finance, trend following is an investment strategy that tries to take advantage of long-term moves that seem to play out in various markets. The system aims to work on the market trend mechanism and take benefit from both sides of the market enjoying the profits from the ups and downs of the stock or futures markets.
Traders who use this approach can use current market price calculation, moving averages and channel breakouts to determine the general direction of the market and to generate trade signals. Traders who subscribe to a trend following strategy do not aim to forecast or predict markets or price levels; they simply jump on the trend and ride it.
Contents[hide] |
[edit] Definition
This trading method involves a risk management component that uses three elements; the current market price, equity level in an account and current market volatility. An initial risk rule determines position size at time of entry. Exactly how much to buy or sell is based on the size of the trading account and the volatility of the issue. Changes in price may lead to a gradual reduction or increase of the initial trade. On the other hand, adverse price movements may lead to an exit for the entire trade.
These systems traders normally enter in the market after the trend properly establishes itself and for this reason, they ignore the initial turning point profit.
If there is a turn contrary to the trend, these systems signal a pre-programmed exit or wait until the turn establishes itself as a trend in the opposite direction. In case the system signals an exit, the trader re-enters when the trend re-establishes.
In the words of Tom Basso, in the book Trade Your Way to Financial Freedom[1]
| “ | Let's break down the term Trend Following into its components. The first part is "trend". Every trader needs a trend to make money. If you think about it, no matter what the technique, if there is not a trend after you buy, then you will not be able to sell at higher prices..."Following" is the next part of the term. We use this word because trend followers always wait for the trend to shift first, then "follow" it. | ” |
[edit] Considerations
Price: One of the first rules of trend following is that price is the main concern. Traders may use other indicators showing where price may go next or what it should be but as a general rule these should be disregarded. A trader need only be worried about what the market is doing, not what the market might do. The current price and only the price tells you what the market is doing.
Money Management: Another decisive factor of trend following is not the timing of the trade or the indicator, but rather the decision of how much to trade over the course of the trend.
Risk Control: Cut losses is the rule. This means that during periods of higher market volatility, the trading size is reduced. During losing periods, positions are reduced and trade size is cut back. The main objective is to preserve capital until more positive price trends reappear.
Rules: Trend following should be systematic. Price and time are pivotal at all times. This technique is not based on an analysis of fundamental supply or demand factors.
Trend Following answers the questions:
- How and when to enter the market.
- How many contracts or shares to trade at any time.
- How much money to risk on each trade.
- How to exit the trade if it becomes unprofitable.
- How to exit the trade if it becomes profitable.
[edit] Example
A trader would identify a security to trade (curriencies/commodities/financials) and would come up with a preliminary strategy, such as[2]:
- Commodity: soybean oil
- Trading approach: long and short alternatively.
- Entrance: When the 50 period Simple moving average(SMA) crosses over the 100 period SMA, go long when the market opens. The crossover suggests that the trend has recently turned up.
- Exit: Exit long and go short the next day when 100 period SMA crosses over 50 period SMA. The crossover suggests that the trend has turned down.
- Stop loss: Set a stop loss based on maximum loss acceptable. For example if the recent, say 10 day, Average True Range is 0.5% of current market price, stop loss could be set at 4x0.5% = 2%.
The trader would then backtest the strategy using actual data and would evaluate the strategy. The simulator would generate estimated number of trades, the fraction of winning/losing trades, average profit/loss, average holding time, maximum drawdown and the overall profit/loss. The trader can then experiment and refine the strategy. Care must be taken, however, to avoid over-optimization.
It is possible that a large fraction (perhaps majority) of the trades may be unprofitable, but by "cutting the losses" and "letting profits run", the overall strategy may be profitable. Trend trading is most effective for a market that is quiet (relative low volatility) and trending. For this reason trend traders often focus on commodities which show a stronger tendency to trend than stocks which are more likely to be mean reverting (which favors swing traders).
[edit] Notes and references
- ^ Tharp, Van K. (1998). Trade Your Way to Financial Freedom. 83: McGraw-Hill. ISBN 0-07-064762-3.
- ^ Covel, Michael W. (2007). Trend Following. HarperCollins. ISBN 0978-0-06-124170-3
[edit] External links
- Trading Strategies: Long-Term - Trend following
- Interactive Java Applet "Investing Based on Crossings Moving Averages ... Does It Work?"
[edit] Further reading
- Brown, Kedrick (2006). Trend Trading: Timing Market Tides. John Wiley & Sons, Inc.. ISBN 0-471-98021-8.
- Covel, Michael W. (2007). Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition. Financial Times Prentice Hall (March 19, 2007). ISBN 0-13-613718-0.
- Covel, Michael W. (2009). Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets. FT Press; 1 Updated edition (February 25, 2009). ISBN 0-13-702018-X.
- Covel, Michael W. (2007). The Complete TurtleTrader: The Legend, the Lessons, the Results. Collins (October 9, 2007). ISBN 0-06-124170-9.
- Covel, Michael W. (2009). The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires. Collins Business (February 24, 2009). ISBN 0-06-124171-7.
- Faith, Curtis M. (2007). Way of the Turtle:The Secret Methods that Turned Ordinary People into Legendary Traders. McGraw-Hill. ISBN 0-07-148664-X.
- Markman, John D. (2003). Swing Trading: Power Strategies to Cut Risk and Boost Profits. ISBN 0 471 20678 4.
- Seykota, Ed (August 2006). "How to determine the trend". FAQ. http://www.seykota.com/tribe/TSP/Trends/index.htm. Retrieved 2006-08-21.
- Tate, Christopher (March 2001). The Art of Trading. ISBN 1 876627 63 8.
[edit] See also
Techniques
Related phenomena
Trade Your Way to Financial Freedom[
In the words of Tom Basso, in the book Trade Your Way to Financial Freedom[1]
| “ | Let's break down the term Trend Following into its components. The first part is "trend". Every trader needs a trend to make money. If you think about it, no matter what the technique, if there is not a trend after you buy, then you will not be able to sell at higher prices..."Following" is the next part of the term. We use this word because trend followers always wait for the trend to shift first, then "follow" it. |
GOLDMINE-1
FBMCI-FUTURES
EMA60SMA100
EMA20SMA40-1D-4L
EMA4SMA6-1D-2L=4
EMA4SMA5-1D-2L=4
EMA15SMA22-1HR-2L=4
EMA3SMA13-1HR-2L=4
CPO-FUTURES
EMA8SMA17-1D-1L=1
EMA15SMA24-1HR-1L=1
EMA13SMA13-1HR-1L=1
EMA60SMA100
EMA20SMA40-1D-4L
EMA4SMA6-1D-2L=4
EMA4SMA5-1D-2L=4
EMA15SMA22-1HR-2L=4
EMA3SMA13-1HR-2L=4
CPO-FUTURES
EMA8SMA17-1D-1L=1
EMA15SMA24-1HR-1L=1
EMA13SMA13-1HR-1L=1
The most powerful ayat (Al Baqarah – 255)
The most powerful ayat (Al Baqarah – 255)
سُوۡرَةُ البَقَرَة
ٱللَّهُ لَآ إِلَـٰهَ إِلَّا هُوَ ٱلۡحَىُّ ٱلۡقَيُّومُۚ لَا تَأۡخُذُهُ ۥ سِنَةٌ۬ وَلَا نَوۡمٌ۬ۚ لَّهُ ۥ مَا فِى ٱلسَّمَـٰوَٲتِ وَمَا فِى ٱلۡأَرۡضِۗ مَن ذَا ٱلَّذِى يَشۡفَعُ عِندَهُ ۥۤ إِلَّا بِإِذۡنِهِۦۚ يَعۡلَمُ مَا بَيۡنَ أَيۡدِيهِمۡ وَمَا خَلۡفَهُمۡۖ وَلَا يُحِيطُونَ بِشَىۡءٍ۬ مِّنۡ عِلۡمِهِۦۤ إِلَّا بِمَا شَآءَۚ وَسِعَ كُرۡسِيُّهُ ٱلسَّمَـٰوَٲتِ وَٱلۡأَرۡضَۖ وَلَا يَـُٔودُهُ ۥ حِفۡظُهُمَاۚ وَهُوَ ٱلۡعَلِىُّ ٱلۡعَظِيمُ
Al-Baqara
- Allah,
- tiada Tuhan (yang berhak disembah) melainkan Dia,
- Yang Tetap hidup,
- Yang Kekal selama-lamanya
- mentadbirkan (sekalian makhlukNya).
- Yang tidak mengantuk
- usahkan tidur.
- Yang memiliki segala yang ada di langit
- dan yang ada di bumi.
- Tiada sesiapa yang dapat memberi syafaat (pertolongan) di sisiNya melainkan dengan izinNya.
- Yang Mengetahui apa yang ada di hadapan mereka
- dan apa yang ada di belakang mereka,
- sedang mereka tidak mengetahui sesuatu pun dari (kandungan) ilmu Allah melainkan apa yang Allah kehendaki (memberitahu kepadanya).
- Luasnya Kursi Allah (ilmuNya dan kekuasaanNya) meliputi langit
- dan bumi
- dan tiadalah menjadi keberatan kepada Allah menjaga serta memelihara keduanya.
- Dan Dialah Yang Maha Tinggi (darjat kemuliaanNya),
- lagi Maha Besar (kekuasaanNya). (255)
سُوۡرَةُ البَقَرَة
ٱللَّهُ لَآ إِلَـٰهَ إِلَّا هُوَ ٱلۡحَىُّ ٱلۡقَيُّومُۚ لَا تَأۡخُذُهُ ۥ سِنَةٌ۬ وَلَا نَوۡمٌ۬ۚ لَّهُ ۥ مَا فِى ٱلسَّمَـٰوَٲتِ وَمَا فِى ٱلۡأَرۡضِۗ مَن ذَا ٱلَّذِى يَشۡفَعُ عِندَهُ ۥۤ إِلَّا بِإِذۡنِهِۦۚ يَعۡلَمُ مَا بَيۡنَ أَيۡدِيهِمۡ وَمَا خَلۡفَهُمۡۖ وَلَا يُحِيطُونَ بِشَىۡءٍ۬ مِّنۡ عِلۡمِهِۦۤ إِلَّا بِمَا شَآءَۚ وَسِعَ كُرۡسِيُّهُ ٱلسَّمَـٰوَٲتِ وَٱلۡأَرۡضَۖ وَلَا يَـُٔودُهُ ۥ حِفۡظُهُمَاۚ وَهُوَ ٱلۡعَلِىُّ ٱلۡعَظِيمُ (٢٥٥)
Al-Baqara
- Allâh!
- Lâ ilâha illa Huwa (none has the right to be worshipped but He),
- the Ever Living,
- the One Who sustains
- and protects all that exists.
- Neither slumber,
- nor sleep overtake Him.
- To Him belongs whatever is in the heavens
- and whatever is on earth.
- Who is he that can intercede with Him except with His Permission?
- He knows what happens to them (His creatures) in this world,
- and what will happen to them in the Hereafter .
- And they will never compass anything of His Knowledge except that which He wills.
- His Kursî[] extends over the heavens
- and the earth,
- and He feels no fatigue in guarding and preserving them.
- And He is the Most High,
- the Most Great. [This Verse 2:255 is called Ayat-ul-Kursî.]— (255)
p/s: Ayat yang paling banyak nama Allah…MAHA HEBAT nyerrrr ALLAH…. : )
Penggunaan ayat ini sebagai ayat peninding..dan penekanan pada nama Allah ..Al Hayyul Al Qayyum..kerana ia adalah nama Allah yang paling agung.
sebenarnya …ayat ini mengingatkan aku tentang kejadian pada tahun 1982 (antara bapak, guru besar GRS 1 dan ust Ahmad)…sejak kejadian tuh…aku hafal ayat ni…sampai sekarang! Alhamdulillah!
masih snail lagi nih…alahai..camna la nih!
LCL BOSS- I PITY HIM
LCL boss: I sold 28m shares to help firm repay bank loan
Published: 2009/12/18
LCL Corp Bhd's (7177) chairman Datuk Low Chin Meng progressively sold some 28 milion shares a month before major subsidiary, LCL Furniture Sdn Bhd, defaulted in its payment of credit facilities.
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The move however, did not help steer the group away from defaulting on its loans. The group is now in PN17 status.
LCL Furniture is currently under receivership.
Low raised some RM16 million in the open market through the disposals.
While he has no plans of leaving the group, he would be compelled to adhere to the wishes of shareholders and board members, if they want him to leave. There have been no calls for him to do so yet.
With his own disposals and CIMB Islamic Bank Bhd force-selling 16 million shares belonging to him last Monday, Low no longer owns shares in the interior fit-out company he co-founded 24 years ago.
"Our company still has cash flow, its a little stream that helps us to go about with our job, it's not a cascading waterfall, which is what the banks want," LCL Corp chief executive officer Paul Lim Pang Kiam said after the group's extraordinary general meeting (EGM) in Selangor yesterday.
The EGM was convened to approve a change in auditors for the group to Messrs UHY Diong, with the resignation of Messrs Ernst & Young. The resolution was approved in the meeting, which lasted about 20 minutes.
The company is currently engaging all its lenders and creditors proactively to seek an amicable solution and a way out to resolve the critical issues, which includes a global debt- restructuring scheme.
Lim said despite the board's best efforts of proactively coming up with a debt-restructuring scheme and explaining the situation to their creditors, they could not stop LCL Furniture from going under receivership.
"By pulling the plug, first and foremost, our reputation has been affected. This has set us back and we may have to start from (ground) zero," he said.
The board of directors of LCL group is currently working with the receivers and managers to resuscitate the company.
"We are currently also actively engaging our Dubai clients (on getting payments back on track)," Lim said.
Jobs in Dubai make up about 80 to 90 per cent of LCL Corp's revenue.
NEW ECONOMIC MODEL MUST ADDRESS WEALTH DISTRIBUTION
New economic model must address wealth distribution
Published: 2009/12/25
 |
MALAYSIA needs to address the issue of wealth distribution under its new economic model, said former international trade and industry minister Tan Sri Rafidah Aziz.
"A lot of emphasis needs to be given to the important aspect of equality.
"The new Malaysian economy must address the issue of distribution of wealth as the pursuit of high income alone will not be acceptable in the future," she said.
A race-based approach to economic governance would also not be effective in the future because meritocracy will increasingly play a more important role, she said.
"The opportunities available to all Malaysians in education for example are so persasive nowadays unlike that during the days under the New Economic Policy," she said.
Meanwhile, economist Datuk Dr Zainal Aznam Yusof in his briefing on the economic outlook, said while Vision 2020 and the high income economy are the end-objectives, the main objective is to achieve a developed country status which includes other social standards and achievements.
The member of the National Economic Advisory Council pointed out that the World Bank identified 13 countries that managed to sustain growth and per capita income from 1971 to 1997.
"Malaysia is one of the countries in this group, registering a growth rate of 7 per cent per annum," he said, noting that only six countries, excluding Malaysia, managed to lift themselves into the high income economy group.
Zainal said while knowledge and technology are inputs to the new growth model, other factors such as human capital accumulation, intangible capital, innovation, research and development are crucial elements of the growth model.
OSK: FOREIGN INVESTORS LIKELY TO RETURN TO BURSA NEXT YEAR
OSK: Foreign investors likely to return to Bursa next year
Published: 2009/12/25
Foreign interests are expected to go for key blue-chip government-linked companies and blue-chips with regional aspirations
OSK said blue-chip GLCs that had seen a lot of foreign selling previously such as CIMB, Axiata and Tenaga Nasional, would actually be among the key beneficiaries when these foreign interests return to Malaysia in a big way.
"Blue chips with regional aspirations like Genting and Hong Leong will also attract foreign interests," it said.
OSK said its three-pronged investment strategy for next year includes buying shares in firms which are likely to benefit from growing ties between Malaysia and China, the world's new growth engine.
Another is buying laggard blue-chips, including GLCs that would benefit from an increasingly performance-based culture, it said.
"Companies with regional growth endeavours will be a bonus," it said. - Bernama
FOREIGN interests are expected to return to Malaysia's equity market next year due to the announcement of the country's revitalisation and further liberalisation measures.
OSK Research, in its Investment Strategy for 2010, said foreign interests are expected to go for key blue-chip government-linked companies (GLCs) and blue-chips with regional aspirations.
It said the level of foreign shareholding in the broader Malaysian market and in blue-chips has fallen from the high in early 2007.
"It is only in a few select companies such as CIMB, that we see foreign ownership rose somewhat in the second half of 2009," it said.
"Blue chips with regional aspirations like Genting and Hong Leong will also attract foreign interests," it said.
OSK said its three-pronged investment strategy for next year includes buying shares in firms which are likely to benefit from growing ties between Malaysia and China, the world's new growth engine.
Another is buying laggard blue-chips, including GLCs that would benefit from an increasingly performance-based culture, it said.
"Companies with regional growth endeavours will be a bonus," it said. - Bernama
ANALYST: IT'LL BE A GOOD RUN IN THE FIRST HALF
Analysts: It'll be a good run in the first half
Published: 2009/12/23
The Malaysian stock market, which had a strong run this year, will likely to continue performing well in the first half of next year before faltering in the second half as investment risks heighten, analysts said.
JPMorgan Securities (Malaysia) Sdn Bhd too believes the market will be better in the first half of 2010.
"We expect Malaysia equities to sustain their strong performance in the first half," said Chris Oh, its head of research.
He said the key drivers for this are an expected rebound in economic growth of 5 per cent, the implementation of large-scale infrastructure projects and reform policy that are likely to exceed investors' low expectations, a stronger ringgit and a generally positive view on emerging market equities.
His top three stock picks for next year are Public Bank Bhd, Genting Bhd and Sime Darby Bhd.
RHB Research Institute Sdn Bhd, meanwhile, upped its end-2010 index target to 1,400 from 1,370 before.
This suggests a modest upside of about 11 per cent for next year compared to this year's strong rise of 43.2 per cent (as at December 21).
"This was a strong year because it was the first year of economic recovery. Moving forward, valuations are no longer cheap but neither are they stretched. In situations like this, the market's performance will hinge on the strength of the economic and corporate earnings recovery," its head of research Lim Chee Sing noted.
He expects the 25 index stocks that RHB tracks to post average earnings growth of 15 per cent next year after a 15.7 per cent contraction this year.
He said the market was likely to be more volatile next year and urged investors to stay focused on valuations.
"Stock picking is key, shy away from speculative stocks. Always be grounded by valuations - look to companies with good growth and strong business models and managements," he said.
The sectors he thinks will be "interesting" next year are telcos, power and banks. His top three stock picks are Tenaga Nasional Bhd, Unisem Bhd and Faber Group Bhd.
Meanwhile, stock market regulator Bursa Malaysia Bhd voiced hope that local and global economic recovery would be on the cards for next year but noted that investors still seemed to be cautious. It nevertheless pledged to continue with its liberalisation efforts to attract more interest.
"Sentiment is still cautious and investors continue to stay on the sidelines, waiting for more concrete signals from the bigger economies. Despite the economic scenario, we have remained firm in our direction to liberalise and make the capital market more efficient, with changes such as the Foreign Investment Commitee deregulation and the revamp of the fund raising framework, among others
"Overall, it is our belief that in reforming to become a high performing market, this will bring in bigger investment opportunities that will contribute towards a dynamic Malaysian capital market," its chief executive officer Datuk Yusli Mohamed Yusoff told Business Times via email.
He said Bursa Malaysia would also continue efforts to attract quality listings. In a normal year where there are no adverse market conditions, one can expect to see between 30 and 40 new listings, he said.
On ongoing efforts to improve liquidity and free float, he said he was hopeful of more robust divestment activities by government holdings following a directive made by Prime Minister Datuk Seri Najib Razak.
Yusli said Bursa Malaysia's initiatives next year will revolve around ensuring diversity of products, greater liquidity, enhanced quality and better efficiency.
He hopes there will be more retail participation, which is currently low, in the mid-30s percentile.
"Education and awareness are the key and we'll continue with efforts in that direction. We've also not seen a return of foreign funds to the levels seen before the 2008 election results. I hope that foreign investors will take note of the capital market and the government's efforts to make Malaysia friendly to business and investing, and that we will see foreign funds come back to our shores," he said.
 |
OSK Investment Research is optimistic that the key stock index, the FTSE Bursa Malaysia KLCI, will hit a high of 1,345 points in either April or May. It closed at 1,255.66 on December 21.
"We think the market still has more room to grow for the next five months or so, thereafter there could be a retracement in the second half due to rising interest rates in the US and risk that 2010 corporate earnings could be disappointing," Chris Eng, its head of research told Business Times.
His advice to investors is to make money before interest rates in the US start to rise.
"We think profit-taking will take place six months before the interest rates rise in the US," he remarked.
 |
"We expect Malaysia equities to sustain their strong performance in the first half," said Chris Oh, its head of research.
He said the key drivers for this are an expected rebound in economic growth of 5 per cent, the implementation of large-scale infrastructure projects and reform policy that are likely to exceed investors' low expectations, a stronger ringgit and a generally positive view on emerging market equities.
His top three stock picks for next year are Public Bank Bhd, Genting Bhd and Sime Darby Bhd.
RHB Research Institute Sdn Bhd, meanwhile, upped its end-2010 index target to 1,400 from 1,370 before.
This suggests a modest upside of about 11 per cent for next year compared to this year's strong rise of 43.2 per cent (as at December 21).
"This was a strong year because it was the first year of economic recovery. Moving forward, valuations are no longer cheap but neither are they stretched. In situations like this, the market's performance will hinge on the strength of the economic and corporate earnings recovery," its head of research Lim Chee Sing noted.
He expects the 25 index stocks that RHB tracks to post average earnings growth of 15 per cent next year after a 15.7 per cent contraction this year.
He said the market was likely to be more volatile next year and urged investors to stay focused on valuations.
"Stock picking is key, shy away from speculative stocks. Always be grounded by valuations - look to companies with good growth and strong business models and managements," he said.
The sectors he thinks will be "interesting" next year are telcos, power and banks. His top three stock picks are Tenaga Nasional Bhd, Unisem Bhd and Faber Group Bhd.
Meanwhile, stock market regulator Bursa Malaysia Bhd voiced hope that local and global economic recovery would be on the cards for next year but noted that investors still seemed to be cautious. It nevertheless pledged to continue with its liberalisation efforts to attract more interest.
"Sentiment is still cautious and investors continue to stay on the sidelines, waiting for more concrete signals from the bigger economies. Despite the economic scenario, we have remained firm in our direction to liberalise and make the capital market more efficient, with changes such as the Foreign Investment Commitee deregulation and the revamp of the fund raising framework, among others
"Overall, it is our belief that in reforming to become a high performing market, this will bring in bigger investment opportunities that will contribute towards a dynamic Malaysian capital market," its chief executive officer Datuk Yusli Mohamed Yusoff told Business Times via email.
He said Bursa Malaysia would also continue efforts to attract quality listings. In a normal year where there are no adverse market conditions, one can expect to see between 30 and 40 new listings, he said.
On ongoing efforts to improve liquidity and free float, he said he was hopeful of more robust divestment activities by government holdings following a directive made by Prime Minister Datuk Seri Najib Razak.
Yusli said Bursa Malaysia's initiatives next year will revolve around ensuring diversity of products, greater liquidity, enhanced quality and better efficiency.
He hopes there will be more retail participation, which is currently low, in the mid-30s percentile.
"Education and awareness are the key and we'll continue with efforts in that direction. We've also not seen a return of foreign funds to the levels seen before the 2008 election results. I hope that foreign investors will take note of the capital market and the government's efforts to make Malaysia friendly to business and investing, and that we will see foreign funds come back to our shores," he said.
Thursday, December 24, 2009
THE GOLDMINE
FBMCI-FUTURES
EMA20SMA40-1D-4L
EMA4SMA6-1D-2L=4
EMA4SMA5-1D-2L=4
EMA15SMA22-1HR-2L=4
EMA3SMA13-1HR-2L=4
CPO-FUTURES
EMA8SMA17-1D-1L=1
EMA15SMA24-1HR-1L=1
EMA13SMA13-1HR-1L=1
EMA20SMA40-1D-4L
EMA4SMA6-1D-2L=4
EMA4SMA5-1D-2L=4
EMA15SMA22-1HR-2L=4
EMA3SMA13-1HR-2L=4
CPO-FUTURES
EMA8SMA17-1D-1L=1
EMA15SMA24-1HR-1L=1
EMA13SMA13-1HR-1L=1
TRADING INDICATORS-FBMKLCI AND CPO
FBMCI-FUTURES
EMA20SMA40-1D
EMA4SMA6-1D
EMA4SMA5-1D
EMA15SMA22-1HR
EMA3SMA13-1HR
CPO-FUTURES
EMA8SMA17-1D
EMA15SMA24-1HR
EMA13SMA13-1HR
EMA20SMA40-1D
EMA4SMA6-1D
EMA4SMA5-1D
EMA15SMA22-1HR
EMA3SMA13-1HR
CPO-FUTURES
EMA8SMA17-1D
EMA15SMA24-1HR
EMA13SMA13-1HR
Sunday, December 13, 2009
Saturday, December 12, 2009
Qatar, Oman buck Gulf markets’ fall
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JEDDAH - Gulf stock markets, except Qatar and Oman, fell on Monday pulled down primarily by depreciating value of real state company shares, in the case of UAE, which have been reeling from the recent debt structuring announcement by Dubai World.Concerns on the outcome of corporate results for the fourth quarter compounded the negative sentiment.Saudi Arabia’s Tadawul All Share Index (TASI) fell 0.99 percent to Close on 6,246.50 on Monday. It closed 0.33 percent up on Sunday at 6,309.05 points.All sectors ended lower, led by the insurance sector, which dropped 1.66 percent. Arab National Bank had the day’s biggest loss, down 3.64 percent to SR45, while Red Sea Housing had the biggest rise, climbing 1.58 percent to SR64.50. |
Saudi Oil Output Rises to 8.5m Barrels Per Day
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RIYADH - Saudi Arabia, the world's biggest oil supplier, raised crude production to as much as 8.5 million barrels a day as signs of a global economic recovery boost demand in Asia. Saudi Arabia is pumping 8 million to 8.5 million barrels a day, Khaled Al Buraik, executive director of state oil company Saudi Aramco, said today. Output was about 8.19 million a day last month, after falling as low as 7.86 million a day in February, according to data compiled by Bloomberg. |
Japan allocates $274 billion to stimulate economy
| ||
TOKYO: Japan announced a huge $274 billion stimulus Tuesday to jump-start a fragile recovery in the world’s second largest economy, including more than $80 billion in direct spending. The pump-priming is meant to boost a gradual return to health from Japan’s worst post-war recession, a rebound that started early this year but is now threatened by deflation and the strong yen’s impact on exports. |
UAE Shares Rebound, Shrug off Debt Woes
| ||
DUBAI - Dubai's share Index rebounded for the first time in three days of trading, and Abu Dhabi shares posted their biggest gains since March, as investors shrugged off last week's sell-off as overdone and analysts said the impact of Dubai's debt problems would
be limited. Shares in Emirates Telecom Corp., or Etisalat, the biggest telecoms operator in the UAE, soared the most in more than eight months. Stocks in Aldar Properties and Sorouh Real Estate Co., the two largest developers in Abu Dhabi, gained after they were rated “buy” in new coverage at HC Securities. |
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