Wednesday, February 3, 2016

Happy 8th Anniversary oh Happy 8th Anniversary

Yesterday was the day of my Anniversary.

Happy Anniversary, my dear wife.

We went outback steakhouse and eat.

Thursday, January 28, 2016

2016 Best Credit Card Malaysia oh 2016 Best Credit Card Malaysia

This guy very keng, come out the best credit card in 2016:

I don't have the top 3 credit cards.

1) Maybank 2 premier ( need to spend 80k for free membership, I will not spend so much, out)
2) American Express Platinum Credit Card (Annual fee:1st year fee-waiver RM800 (basic) )
3) AmbankWorld Master Card/VisaInfinite 

Annual Fees Waiver to me is very important.

Revise Budget 2016 highlight oh Revise Budget 2016 highlight


- The 2016 global economy expected to be more challenging and economic groweth expected to fall from 3.6% to 3.4%.

- Malaysia not alone in facing global economic challenges. Current crude oil price stands at US$31 (RM131) per barrel.

- Latest developments indicate that the global economy is at a very volatile stage and requires a proactive move to revise Budget 2016.

- We are not in a recession, neither are we in a technical recession.

- Eleven recalibrated measures announced.

- 1. EPF contributions by employees to be reduced by 3%. This is expected to increase private sector spending by RM8bil.

- 2. Tax relief of up to RM2,000 to those with income RM8,000 a month or lower. Two million taxpayers to benefit.

- 3. To reduce cost of living, Govt to liberalise APs for agricultural products including coffee beans and meats.

- 4. Domestic Trade, Cooperatives and Consumerism Ministry ordered to increase enforcement and action against unethical traders.

- 5. 30% of contributions to the human resource development fund to be utilised for skills training, including those who are unemployed.

- 6. MyBeras programme to be introduced until Dec 2016. Each hardcore poor family will be given 20kg of rice every month.

- 7. The Government will update the management system of foreign workers, with levies clustered into two categories, not including foreign maids.

- 8. Government will exercise prudent spending on supplies and services and to continue with grant rationalisation.

- 9. Development budget to focus on projects and programmes that place the people first, have high multiplier effect and reduce imports.

- 10. Development financial institutions and Government venture capital funds to increase allocations by RM6bil for benefit of start-ups and SMEs.

- 11. GLCs urged to implement initiatives to reduce the income gap between senior management and workers, to be monitored by the Economic Planning Unit.


KUALA LUMPUR: CIMB Equities Research lowered its earnings forecast for Sunway REIT due to slower office space demand outlook for the group and included loss of revenue in the third quarter of FY16 to Q2 of FY17 from the closure of Pyramid Tower East.

It said on Thursday Pyramid Tower East accounted for 4.7% of Sunway REIT’s revenue in 1HFY16 in the first half ended Dec 31, 2015.

CIMB Research retained its Hold call for Sunway REIT as it expects the office and hotel segment to remain soft in 2016. It lowered the target price from RM1.58 to RM1.50.

However, it believes the full earnings contribution from Sunway Putra Mall and positive rental reversions from its other malls will support Sunway REIT’s FY16 earnings performance. 

“Maintain Hold call, with lower DDM-based target price of RM1.50. Estimated dividend yields of 6.4%-6.9% in FY16-18 remain attractive,” it said.

The research house said Sunway REIT’s 2QFY16 core net profit increased 13% on-year to RM71.5mil, in line with a 15.7% on-year increase in revenue to RM131.9mil. 

This brought 1HFY16 core net profit to RM136mil (+7.4% on-year), which was below expectations, accounting for 47% of its full year forecast and 49% of consensus estimates. 

Sunway REIT declared a second interim DPU of 2.57 sen, which brings its cumulative 1HFY16 DPU to 4.69 sen (+3.1% on-year). This was below CIMB Research’s expectation of 9.8 sen. 

“Retail revenue continues to rise Sunway REIT’s 2QFY16 revenue growth was mainly driven by higher contribution from the retail segment thanks to its newly-refurbished Sunway Putra Mall and increased revenue (+24% on-year) from its hotel segment. 

“This was, however, slightly offset by the weaker 2QFY16 revenue from its office segment (-26.5% on-year) due to high vacancy rates for two of its office properties. In spite of the 28% on-year increase in operating expenses, 2QFY16 net property income (NPI) rose 11.8% on-year to RM97mil. 

“Hotel earnings improved, while office earnings were dampened 1HFY16 net profit growth of 7.4% yoy was mainly driven by: 1) revenue increase of +13.5% on-year for its retail segment; 2) improvement in revenue from the hotel division (+23% on-year) across all its hotels (except Sunway Hotel Seberang Jaya) and new contribution from Sunway Hotel Georgetown that offset the 23.9% on-year drop in revenue from the office segment,” it said.

Oil and Gas oh Oil and Gas by Maybank IB

Which one will you buy???


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