Tuesday, February 17, 2015
Monday, February 2, 2015
RHB Asset Management targets its AUM to reach RM58 billion this year.
Folks,
Last week, I attended a new "global equity stabiliser fund" launched by RHB Asset Management Sdn Bhd (RHBAM), in collaboration with Schroder Investment Management in Singapore.
RHBAM CEO Ho Seng Yee targets the fund to clock-in RM200 million in asset under management (AUM) by end of this year.
As at Dec 31, 2014, RHBAM's portolio is:
This year, RHBAM targets its fund to grow to RM58 billion, done through various products that it will launch this year.
Last year, RHBAM's AUM came in at RM48.54 billion, a marginal 2.9% shy of its target of achieving RM49.99 billion that it has set earlier.
Below is my video coverage of this event:
As for opportunities this year, Ho said:
Meanwhile, Ho also provided RHBAM analysis of the recent budget revision announcement that Prime Minister Najib Razak made last week. The analysis is presented below, and the copy of the slide is here.
Last week, I attended a new "global equity stabiliser fund" launched by RHB Asset Management Sdn Bhd (RHBAM), in collaboration with Schroder Investment Management in Singapore.
RHBAM CEO Ho Seng Yee targets the fund to clock-in RM200 million in asset under management (AUM) by end of this year.
As at Dec 31, 2014, RHBAM's portolio is:
This year, RHBAM targets its fund to grow to RM58 billion, done through various products that it will launch this year.
Last year, RHBAM's AUM came in at RM48.54 billion, a marginal 2.9% shy of its target of achieving RM49.99 billion that it has set earlier.
Below is my video coverage of this event:
As for opportunities this year, Ho said:
- Overall, we believe central bank will remain highly accomodative, given fragile and uneven growth path.
- Government, on the other hand, will remain committed to ensure growth engine to remain intact and hence, fiscal policy will remain expansionary in nature.
- We still believe that equity is a better asset class, given improving global growth. Meanwhile, bond should serve as a hedge should global macro headwinds persist in 2015.
Meanwhile, Ho also provided RHBAM analysis of the recent budget revision announcement that Prime Minister Najib Razak made last week. The analysis is presented below, and the copy of the slide is here.
Prasarana expects new light rail vehicle to increase ridership by 40% in 2016
Folks,
Last week, I attended an event hosted by Prasarana Malaysia Bhd, the asset owner and operator of light rail transit (LRT) and monorail.
Prasarana is expanding its service line, and it has ordered new light rail vehicles (LRVs) from China-based CSR Zhuzhou. Prasarana has committed a total investment of RM1 billion in channeling towards the purchase of these LRVs.
Prasarana said, it has bought 50 new LRVs, which has 6-car. Of this, 30 LRVs will be manufactured in China, while the remaining 20 LRVs will be manufactured in CSR Zhuzhou's plant in Perak.
The LRvs will be delivered in stages within the next two years. The first LRV was delivered on Jan 10, 2015. Details of Prasarana's LRVs are shown in the slide below. You can download the slides here.
Prasarana currently operates two LRT lines and one monorail lines, that covers a total length of 65km, which consist of 60 stations altogether.
The current ridership at each of its stations are shown in the chart below.
Prasarana is also in the midst of expanding the Ampang and Kelana Jaya lines.
The Ampang line extension will start from Sri Petaling Station and passes through Bukit Jalil, Kinrara, Puchong, and ends at Putra Heights. The extension is 18.1km long with 11 new stations. Combined with the existing line, the total length of Ampang Line after the completion of the LRT Line Extension Project will be 45.1km.
As for the Kelana Jaya extension, it will be from Kelana Jaya to Putra Heights. It will consist of 12 new stations, some of which will be integrated with KTM Komuter at Subang Jaya. Another station will also be integrated with new Bus Rapid Transit (BRT) at Sunway.
Prasarana's factsheet is shown below. You can download the document here.
With the purchase of the new LRVs, Prasara hopes to increase its ridership by 40% to 750,000 passengers daily, so says the document here (page 3). Of course, this will depend on the delivery of its trains.
Below is my video coverage of the event.
Last week, I attended an event hosted by Prasarana Malaysia Bhd, the asset owner and operator of light rail transit (LRT) and monorail.
Prasarana is expanding its service line, and it has ordered new light rail vehicles (LRVs) from China-based CSR Zhuzhou. Prasarana has committed a total investment of RM1 billion in channeling towards the purchase of these LRVs.
Prasarana said, it has bought 50 new LRVs, which has 6-car. Of this, 30 LRVs will be manufactured in China, while the remaining 20 LRVs will be manufactured in CSR Zhuzhou's plant in Perak.
The LRvs will be delivered in stages within the next two years. The first LRV was delivered on Jan 10, 2015. Details of Prasarana's LRVs are shown in the slide below. You can download the slides here.
Prasarana currently operates two LRT lines and one monorail lines, that covers a total length of 65km, which consist of 60 stations altogether.
The current ridership at each of its stations are shown in the chart below.
Prasarana is also in the midst of expanding the Ampang and Kelana Jaya lines.
The Ampang line extension will start from Sri Petaling Station and passes through Bukit Jalil, Kinrara, Puchong, and ends at Putra Heights. The extension is 18.1km long with 11 new stations. Combined with the existing line, the total length of Ampang Line after the completion of the LRT Line Extension Project will be 45.1km.
As for the Kelana Jaya extension, it will be from Kelana Jaya to Putra Heights. It will consist of 12 new stations, some of which will be integrated with KTM Komuter at Subang Jaya. Another station will also be integrated with new Bus Rapid Transit (BRT) at Sunway.
Prasarana's factsheet is shown below. You can download the document here.
With the purchase of the new LRVs, Prasara hopes to increase its ridership by 40% to 750,000 passengers daily, so says the document here (page 3). Of course, this will depend on the delivery of its trains.
Below is my video coverage of the event.
Saturday, January 24, 2015
Am I Charlie?
Folks,
Last week, my senior managing editor Azam Aris wrote in his column in The Edge Malaysia, Jan 19, 2015, about a very interesting article titled "Am I Charlie?"
The article is reproduced below, or you can download here in PDF file.
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| Source: The Edge Malaysia, Jan 19, 2005 |
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| Source: The Edge Malaysia, Jan 19, 2005 |
His piece is in stark contrast to the editor of The Malaysian Insider, the sister publication of The Edge. You can read the article (reproduced below), which was taken from here.
Je Suis Charlie
By Jahabar Sadiq
The Charlie Hebdo massacre yesterday is an assault on journalism and freedom of expression. No one has a right to curtail or censor expression – be it with a government gazette or a gun.
The 12 who were killed yesterday, including four cartoonists and their colleagues from the French satirical magazine Charlie Hebdo, were journalists penning their thoughts.
Any reply to such thoughts should not be from the business end of a gun. And if anyone thinks they are avenging or defending their faith or god or prophet by shooting and killing people, they are wrong.
Life does not work that way, no matter what religious scholars say.
Haven't they heard that the pen is mightier than the sword, that no army can stop an idea whose time has come? That an idea is like a virus, resilient and highly contagious?
If the three gunmen thought it would terrorise and end their satire – they got it wrong.
The world now knows more about Charlie Hebdo. The world now knows more that these people who profess to defend their religion cannot argue except by killing their opponents.
Their actions are pure terrorism and murder. If they are confirmed to be Muslims and say it is done in the name of Islam, they are the worst kind of Muslims – the ones who use religion to justify their bloodlust, their hate and their ignorance.
For too long around the world, Muslims have lived with their co-religionists using bullets and bombs to speak for their community and faith. No more.
We can no longer call Islam a religion of peace as long as there are these so-called Muslims who murder and maim, terrorise and tyrannise others for their perverted sense of religiosity.
Not unless we condemn them for their actions. Not unless we say unequivocally that Islam does not condone these acts of terror and murder. That Islam speaks about reason, love, charity and that all life is sacred.
The time has come for us to stand up against these fringe groups who only think that death to their enemies is the only answer to keep Islam or any other religion pure and perfect.
Because they only smear it with their ideas and actions. God needs no defenders, neither does any prophet. Our actions represent our faith, our religion – and not if we kill one another.
My faith is reflected in my journalism, to inform people so that they make informed decisions. Je suis Charlie. – January 8, 2015.
* Jahabar Sadiq runs The Malaysian Insider.
See more at: http://www.themalaysianinsider.com/malaysia/article/je-suis-charlie#sthash.QhqKrmXU.dpuf
It all started with the killing of journalists who worked at Charlie Hebdo, a French satirical magazine. This incident gave rise to the hash-tag #JeSuisCharlie, and #JeSuisAhmed, depending on whose school of thought or side of opinion you choose to lean on.
You can learn more about #JeSuisAhmed by reading this piece here and here.
I find this particular tweet to be very interesting.
I am not Charlie, I am Ahmed the dead cop. Charlie ridiculed my faith and culture and I died defending his right to do so. #JesuisAhmed
— Dyab Abou Jahjah (@Aboujahjah) January 8, 2015
Advertising Disclaimers - Too Obvious?
Folks,
Thankfully, ridiculous practice such as this is still pretty much absent in Malaysia.
We do not need to be told what is "too obvious!"
Thankfully, ridiculous practice such as this is still pretty much absent in Malaysia.
We do not need to be told what is "too obvious!"
The Reign of Saudi Arabia's King Abdullah
Folks, I find this video interesting! A news coverage and a tribute to the late Saudi Arabia's king.
الفاتحة
الفاتحة
OCBC Bank economist trims Malaysia's economic growth to 4.8%
Folks,
Last week, I attended an economic outlook by a rather smart and intelligent economist from OCBC Bank, named Wellian Wiranto. He is an Indonesian, so I was told.
Wellian's full press statement can be read here.
Last week, Wellian issued a "Malaysia Monitor" report on the latest development in Malaysia's economy. His report, which is embedded below, can be downloaded here.
During his presentation at InterContinental Hotel, Kuala Lumpur, the confident Wellian told reporters that he has slashed Malaysia's economic forecast this year to 4.8% from 5.1% previously.
This is to "to reflect the effects of fiscal consolidation efforts as well as cutbacks in business investment activities."
He also said that there is a likelihood that the Bank Negara Malaysia will increase the interest rate by another 25 basis points.
This is despite assurance from Bank Negara Malaysia governor Tan Sri Zeti Akhtar Aziz, which was reported as saying last week that the current level of interest rate is accommodative.
What that would mean is anyone's guess.
The last time Bank Negara Malaysia increased the rate was in July 2014. You can read the statement here.
Below is my video coverage:
Last week, I attended an economic outlook by a rather smart and intelligent economist from OCBC Bank, named Wellian Wiranto. He is an Indonesian, so I was told.
 |
| OCBC Bank Economist, Wellian Wiranto |
Last week, Wellian issued a "Malaysia Monitor" report on the latest development in Malaysia's economy. His report, which is embedded below, can be downloaded here.
During his presentation at InterContinental Hotel, Kuala Lumpur, the confident Wellian told reporters that he has slashed Malaysia's economic forecast this year to 4.8% from 5.1% previously.
This is to "to reflect the effects of fiscal consolidation efforts as well as cutbacks in business investment activities."
He also said that there is a likelihood that the Bank Negara Malaysia will increase the interest rate by another 25 basis points.
This is despite assurance from Bank Negara Malaysia governor Tan Sri Zeti Akhtar Aziz, which was reported as saying last week that the current level of interest rate is accommodative.
What that would mean is anyone's guess.
The last time Bank Negara Malaysia increased the rate was in July 2014. You can read the statement here.
Below is my video coverage:
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