iCapital.biz newsletter RM25 one year subscription special offer

In conjunction with the 25th anniversary of iCapital.biz, this newsletter run by Mr. Tan Teng Boo is now having a special promotion of RM25 for one year subscription (normal price: RM720), a very generous 96.5% discount!

This newsletter, available in English and Chinese language, in printed and online platform, contains detail analysis of local and regional macroeconomics observation, their view on equity markets in Kuala Lumpur, New York, Tokyo and Hong Kong, company news and analysis, several stock portfolios, trading picks, etc.

Considering the amount of effort, intelligence and skill required to produce this weekly newsletter, I believe RM25 is really value for money for all stock investors in Malaysia.

For the printed version, postage charge is free if you choose ordinary POS Malaysia service, and you will need to pay extra for other faster and/or safer delivery service.

Even if you choose the ordinary mail option, you can still access the updated content online while waiting for your printed copy to reach your doorstep.

Click here to find out more detail and online subscription to the iCapital.biz RM25/year special offer

Besides, Capital Dynamics is going to have their 2014 Investor Day on 11-12 October in Kuala Lumpur Convention Centre. You can click here for more detail and online registration to the event.

Full report for free download: ICT Job Market Outlook in Malaysia (June 2014)

Are you working in the ICT industry or as an ICT personnel in your organization? Or are you a student studying an ICT related subject now? If yes, you might be interested in this newly released  ICT Job Market Outlook in Malaysia (June 2014) by PIKOM in collaboration with Jobstreet and MDEC.

Given the orientation towards a service focus economy, the ICT Service (ICTS) segment in Malaysia is projected to register significant growth in 2014.

The ICTS segment grew at a Compound Annual Growth Rate (CAGR) of 12.4%, lifting its value-added services from RM11.77 billion in 2000 to RM59.83 billion in 2013. The ICTS segment is poised to reach the mark of RM67.99 billion in 2014 by registering a repeat annual growth rate of 12.4%. In tandem, the share of ICTS in the national Gross Domestic Product (GDP) increased from 3.3% to 6.4%, almost doubling over the period of 2000-2014.

The average monthly salary of an ICT professional in Malaysia in 2013 was RM7,152. This represents an increase of 7.2% from RM6,673 in 2012. The growth continues steadily, and this figure shows that ICT professionals in Malaysia, generally earn a higher salary in average than most other professionals.

The average salary over then past 3 years, by job category ranging from fresh graduates to senior management, is as below.

Interested to find out more detail? Click here to download the full report of ICT Job Market Outlook in Malaysia (June 2014).

Deepavali public holiday in 2014 changed from Thu 23-Oct to Wed 22-Oct

Malaysia Federal Government vide Gazette notification dated 6 December 2013 has declared 22 October 2014 (Wednesday) as the Public Holiday for Deepavali.

This superseded the earlier Gazette Notification of Deepavali which declared it to be on 23 October 2014 (Thursday).

Source references:

• Malaysian Employers Federation (MEF) Circular No. AG 7/2014
• Warta Kerajaan No. 43367 dated 6 December 2013
• Singapore Ministry of Manpower (MOM) webpage for Public Holidays 2014

Malaysian Samsung Galaxy Note 8.0 (GT-N5100) received firmware update to Android 4.4.2 (Kitkat)

After a long waiting period, the Malaysian Samsung Galaxy Note 8.0 (GT-N5100) finally received its OTA firmware update to Android 4.4.2 (Kitkat) from previous Android 4.2.2 (Jelly Bean).

The build number of this update is: KOT49H.N5100XXDNH3, with Android version 4.4.2, baseband version N5100DXDNG1. Kernel version is 3.0.31-2637964 dated Fri Aug 29 2014.

This firmware incorporates Samsung Find My Mobile service, which you can perform remote control from the website http://findmymobile.samsung.com to:

• Locate your device
• Lock your device
• Ring your device
• Retrieve call logs
• Wipe off your device
• Unlock device's screen

HTC One (M8) users get 100GB free Google Drive storage (doubled from previous 50GB)

Today, I received an email from Google Drive with title the "Changes to your Google storage plan". Its content is as below:

Huray! HTC One (M8) users' free Google Drive storage is now increased from 50GB to 100GB! This includes existing users who have already activated the free Google Drive storage and had already received 50GB free storage, now it is doubled up to 100GB too.

This 100GB of Google Drive storage is on top of the existing free storage of 15GB, which is shared among Gmail, Google Drive and Google+ photos.

Thanks to HTC and Google!

Updated my HTC One (M7) to Android 4.4.3 (KitKat) with Sense 6.0

My HTC One (M7) received its OTA update from Android 4.4.2 (KitKat) to Android 4.4.3 (KitKat) yesterday (24 August 2014).

It seems that this update focuses on security fixes, particularly the fix for OpenSSL vulnerabilities (Heartbleed Bug and some other bugs).

Visually, there is no noticeable change from the previous version. The Software Information section in the phone informs us that:

• Android version updated from 4.4.2 to 4.4.3
• HTC Sense version updated from 5.5 to 6.0
• Software number updated from 4.20.707.6 to 6.13.707.1
• HTC SDK API level updated from 5.69 to 6.25
• Kernel version remains as 3.4.10

Bookfest Malaysia 2014 @ KLCC

During this Hari Raya holidays, I have visited to Bookfest Malaysia 2014 held at Kuala Lumpur Convention Center, which is crowded by overwhelming people.

There are a few parking places nearby KLCC with a parking rate of RM5 per entry, including Wisma Central, and an open car park beside Avenue K shopping complex.

Venue: Hall 1-5, Kuala Lumpur Convention Center, KLCC, Kuala Lumpur.
Date: 23 July - 3 August 2014
Time: 10am - 10pm
Entrance fee: RM2.50. Free for children and elderly person.

I feel the arrangement for ticket counter, entrance and exit for this Bookfest very awkward. The ticket counter is located far away from the entrance, and the exit is located at the center in between the English section (Hall 4 & 5) and Chinese section (Hall 1 & 2).

You really can get very good discount for the books in this Bookfest, which has attracted a lot of book lovers going there. There are also lots of activities and talks ongoing everyday, which you can find the detail schedule here: http://www.bookfestmalaysia.com/event-schedule.php

This event is a good chance for you to buy some books. Remember to keep the receipt for income tax relief to be declared in April next year :)

FIFA World Cup Brazil 2014 soccer match schedule

The FIFA World Cup Brazil has just started and will last for one month until 13 July 2014.

You can look up to the schedule of all its matches in this website:
http://www.fifa.com/worldcup/matches/index.html

The time shown on the webpage is Brazil local time. Just click on "change to your time" to switch it to your local time. Remember to adjust the date yourself because the date shown on the webpage will remain as the date in Brazil.

BNM to postpone execution of 50 sen cheque processing fee from 1 April 2014 to 2 January 2015

There is insider news from local media that Bank Negara Malaysia (BNM) will soon announce a postponement of the execution of 50 sen cheque processing fee from 1 April 2014 to 2 January 2015.

About one year ago, I have written here that BNM reduced  the processing fee of Interbank GIRO (IBG) money transfer performed online via internet banking or mobile banking to 10 sen only, effective 2 May 2013.

At the same time, BNM intended to discourage the use of paper cheque by imposing a processing fee of 50 sen per cheque transaction on top of the existing 15 sen stamp duty, making the transaction per cheque to cost 65 sen to be borne by the cheque issuer. This is supposed to start soon on 1 April 2013.

Now, we are glad to hear the news that this policy will be postponed until year 2015.

In my previous article, I ended by saying that BNM really need to think through carefully before enforcing the "discouraging mechanism" of using cheque in order to get people to use electronic money transfer.

Now that after one year, we are still having a lot of questions which need clear direction, including:

• We can write cheque that honours a large amount of money transfer, such as hundreds of thousands to millions. How will this be handled in electronic transfer, which only allows a small amount of money to be transferred per day?
• We can have current account that requires 2 valid signatures on the same cheque before it is honoured. How will electronic transfer handle the requirement for co-signature?
• In certain scenario, we can make use of cheque to act as deposit/guarantee, which is kept by the recipient but will not be banked in immediately. How can electronic transfer handle this kind of requirement?

I hope that BNM can at least come out with a list of FAQ with answers, before the cheque processing fee is imposed, be it on 1 April 2014, or 2 January 2015, or other date.

CIMB credit card Statement of Account Delivery Instructions form

Effective 1 April 2014, CIMB Bank will force all their credit card members with online CIMB Clicks account to access to their monthly credit card statements via CIMB Clicks website. The bank will no longer send out the monthly credit card statements to them.

If you are affected, and wish to receive your monthly credit card statements by email or in hardcopy by post, you need to inform CIMB by filling up the so-called Statement of Account Delivery Instructions form and fax to 03-2381 7198 or email to cardcentre@cimb.com.

If you are looking for the form, it is available here as below:

You can also click here to download the CIMB credit card Statement of Account Delivery Instructions form in PDF format (English and Bahasa Malaysia).

You will receive a Notice on CIMB Bank Credit Card eStatement and its Terms and Conditions together with you March 2014 credit card statement sent by CIMB. Click here to download the softcopy of the Notice on CIMB Bank Credit Card eStatement and its Terms and Conditions.

I wonder if CIMB Bank has any legal standing to force their credit card members to accept such change in such a short period of time using this manner. Any lawyer reader here who can give some comment?

MSWG Seminar on Privatization & Take-Over Matters

The corporate scene has witnessed a spate of privatization and take-over exercises carried out particularly over the last one year. Launching of privatizations or take-overs seem to be the trend, and many are amazed or baffled with such news reported with increasing frequency.

 

Against this backdrop, the compelling and burning questions ringing in the minds of many is why the increasing need to privatize and exit from the public domain and particularly more important to minority shareholders or the non-interested shareholders is whether the price offered to them is fair and reasonable.

As a result, the Minority Shareholder Watchdog Group (MSWG) is organizing a seminar themed "Privatization & Take-Over Matters",  to be held at MSWG Training Centre on 25 March 2014.

MSWG aims to look for a particular outcome from each of the current privatization or take-over bids in question to curb what is seen as short-term motivations, delivering a target listed issuer easily into the hands of the bidders.

The seminar will discuss and look at various matters and issues pertaining to privatization and take-over bids, including:

• Factors leading a listed company to consider a privatization or a take-over bids
• Review of legislations and regulatory rules governing privatization of listed companies
• Role of various parties and relationships in a privatization or a take-over bids
• Privatization or take-over implications: Voluntary general offer vs mandatory general offer scheme of arrangement (SOA), selective capital reduction/repayment, assets & liabilities acquisition, offerors and parties in concert
• Practical issues, and useful tips, Qs and As on case studies in question

The fee for this seminar is RM80 per seat.

Click here for more information and Registration Form of this MSWG Seminar on Privatization & Take-Over Matters.

EPF declared 6.35% dividend for FY2013

With the approval from Minister of Finance, the Employees Provident Fund (EPF, a.k.a. Kumpulan Wang Simpanan Pekerja, KWSP)  declared on 16 February 2014 for the dividend rate of financial year ending 31 December 2013 to be 6.35%, representing a dividend payout of RM31.20 billion to its members, up 13.66% over the RM27.45 billion paid in FY2012.

EPF gross investment income from Malaysian Government Securities & Equivalents and from Loans & Bonds have decreased from previous year, while the income from Equities, Money Market Instruments and Real Estate & Infrastructure have increased.

 As the EPF membership rose to more than 13 million, a total of RM4.91 billion was required to pay every 1% dividend rate for 2013. This was 10.06% higher compared with RM4.46 billion paid for every 1% dividend rate for 2012. The amount needed to pay a 1% dividend would continue to grow between 8%-9% annually.

The Fund’s total overseas exposure constituted 20.97% of its total investment assets based on book value as at end December 2013, registering a rise from 16.98% the year before. During the year under review, the EPF had outsourced USD2.20 billion to the external fund managers for global equity mandates, while a total of RM2.25 billion and RM850 million were injected  into domestic fixed income and equity mandates respectively.

Updated my HTC One to Android 4.4.2 (KitKat) with Sense 5.5

My HTC One received its OTA update from Android 4.3 (Jelly Bean) to Android 4.4.2 (KitKat) yesterday (7 February 2014).

The Sense UI version remains as 5.5, so there is not much changes to the UI from previous version in this update.

Here are some of the noticeable changes found in this update:

• The battery bar in the battery icon changed colour from green (as in Android 4.3) to white.
• There is a new icon for the Quick Settings screen called HTC Mini+ which can configure the phone to pair up with a HTC Mini+ device.

• In Settings > Wireless & Networks, we can set the Default SMS app for the phone.

• BlinkFeed can restrict auto refresh to use WiFi only. Can also configure for offline news reading. Its menu is now accessed by swiping from left side of the BlinkFeed screen.

• New Location settings screen. The GPS toggle is controlled by the Mode setting here. Anyhow, you can still toggle GPS sensor on/off with the Quick Settings icon as it is still available as before.

• Change in Gallery app and Music app.
• Camera screen showing estimated video time and number of photos that can be taken with current storage available. The notorious purple-tint problem is still there, but seems to have improved from previous version (HTC One with Android 4.3 Jelly Bean has the worst purple-tint issue, worse than 4.2 and 4.4)
• Built in support for Google Cloud printing. You can find a new Printing item in Settings menu.

• New settings for Do Not Disturb found inside Sound settings.

• Can switch over to QWERTY keyboard from the T9 keyboard in call dialer, and vice-versa.

KFC Golden Wrap Chicken promotion set

On the way back to hometown for my Chinese New Year holiday, I stopped by Tapah R&R (Rehat & Rawat) station for dinner, and found a new menu item in KFC - the Golden Wrap Chicken (纸包鸡) with new Orleans flavour.

Golden Wrap Chicken is a Cantonese recipe, and is a famous dish of several Chinese restaurants (of Leong Ya (梁雅) family) in Seri Kembangan and Puchong, Selangor.

Last year around Chinese New Year, KFC Malaysia offerred their first Golden Wrap Chicken promotion set for a limited time, but I didn't try it.

Now, the Golden Wrap Chicken is back to KFC Malaysia and also some other places including KFC Taiwan. There is a change in its recipe too. Last year the KFC Golden Wrap Chicken is cooked together with mushrooms and corns, and this year, the corns are gone, and it has a new Orleans flavour.

The RM9.95 KFC Golden Wrap Chicken Combo set comes with 2 pieces of paper wrapped chicken and 1 large cup of Revive isotonic drink. There is another RM39.90 Golden Wrap Feast set available, which has more items.

I personally found the KFC Golden Wrap Chicken tastes even better than their fried chicken. It worth a try.

Windows XP end of life on April 2014

Microsoft has once again announced that they will terminate the technical support for Windows XP, with a firmed date on 8 April 2014.

This means that they will no longer release new bug fixes and security patches for Windows XP after the deadline. Technical assistances for Windows XP will also be ceased. They will also stop providing Microsoft Security Essentials for download on Windows XP on that date.

Anyhow, Microsoft will continue to provide updates to anti-malware signatures and engine for existing Microsoft Security Essentials running on Windows XP until 14 July 2015. This security support deadline also applies to System Center Endpoint Protection, Forefront Client Security, Forefront Endpoint Protection and Windows Intune running on Windows XP for enterprise users.

On 13 July 2010, Microsoft ended their support to Windows 2000, which was once widely used in enterprise as well as in banks' ATM machines, retailers' Point-of-Sale (POS) systems, etc. Since then, Windows XP has replaced Windows 2000 to become the de-facto standard for embedded operating system of those ATM machines, POS systems, etc.

The ATM machines, POS systems, etc. that use the stripped-down version of Windows XP known as Windows XP Embedded will still get support from Microsoft until 12 January 2016, two more years to go before the embedded OS reaches its end of life.

According to NetMarketShare website, Windows XP is still the world's 2nd mostly used desktop operation system in the world to date, commanding a market share of more than 28%. The top desktop operation system is Windows 7 with more than 47% market share.

If you still have any computer running on Windows XP, you can still continue to use it after 8 April 2014, but any new security vulnerability would not be fixed by Microsoft. There will still be 3rd party security and antivirus software continue to provide protection to your Windows XP computer.

If you plan for an upgrade, the most popular Windows 7 is a good choice and its end of life date is set to 14 January 2020, 6 more years to go. Of course, you can also consider the latest Windows 8 which received a lot of criticisms.

Alternatively, you might want to switch over to the Apple's world using Mac OS X as operating system. Apple iMac and MacBook has regained popularity upon the success of iPhone and iPad over the past few years.

For PC users, you can also switch over to Linux operating system. Ubuntu Desktop is a famous one and it is free. Ubuntu has a shorter end of life than Windows, whereby its Long Term Support (LTS) versions receive support from Canonical for 5 years only. However, you can always upgrade your PC to the latest version of Ubuntu for free.

For manufacturers and vendors of ATM machines, POS systems, they are most likely switching over to Linux or Android operating system, and say bye-bye to Microsoft. Android has gained its popularity as embedded system, particularly in TV boxes, car navigation systems, etc.

Lazada launches iOS app for iPhone / iPad with RM30 voucher given to downloaders

A good news for Apple mobile devices users!

Lazada, the e-commerce online shopping website in Southeast Asia (Malaysia, Indonesia, Thailand, Vietnam, Phillipines) that is established by the famous German-based international online business incubator Rocket Internet GmbH, is going to launch their Lazada iOS app for iPhone/iPad on 16 January 2014.

Lazada online shopping website at http://www.lazada.com.my was launched in Malaysia in April 2012. Initially, they faced quite a lot of hiccups and customer complaints, particularly in year 2012. My recent 2 purchases with them (one done in year 2013, one in 2014) convinced me that they have improved a lot, because I received my goods promptly with friendly email and SMS delivery status update, and the whole buying experience is good.

Lazada has already launched their Android app in June 2013. To date, the Lazada app for Android received more than 100k installs since August 2013, but yet to hit the 500k installs target.

In conjunction with the launching of Lazada iOS app, you will get a RM30 voucher if you download the app from Apple iTunes App Store and install it on your Apple mobile device.

Click the ads below to download the Lazada iOS app.



Note that the offer is valid for 3 days only for downloads between 16-18 January 2014. The RM30 voucher can only be used via the iOS app. The terms and conditions for this promo is available after you clicked on the ads above.

Lazada plans to surprise three lucky shoppers who have made a purchase through the new app by giving away three vouchers worth RM500. This lucky draw is eligible to shoppers purchasing using the app from 19 to 31 January 2014.

For Android users, you can also download the Lazada App for Android here.

If you want to shop using the Lazada e-commerce website, please click the Lazada ads on the right of this webpage.

The historical relationship between FIFA World Cup and stock market performance

The 2014 FIFA World Cup soccer tournament will take place in Brazil from 12 June until 13 July 2014. Have you wonder what will be its immediate impact to the stock market before, during, and after the tournament?

Based on historical charts of Dow Jones and KLCI from 1990 until today, I have summarized the stock market performance in US and Malaysia during the years with FIFA World Cup, for the short period of early May to end July. The FIFA World Cup normally held in summer of northern hemisphere (around June) and last for about a month.

Here is the summarized chart (click to enlarge):

Based on historical stock market performance, in the US market, there is equal chance to be sideline (yellow box), trending up (green box), or trending down (red box) before and during the FIFA World Cup tournament. After the tournament, it is very likely to go down. Historically from 1990-2010, only 2006 US market goes up after the tournament.

For the Malaysian stock market, it has high chance of going down before the tournament, sideline during the tournament, and going up after the tournament.

These are the considerations during the FIFA time which might affect the stock market performance:

• Retail participants in stock market might allocate their time and money to football gambling, therefore temporary gone out of the stock market.
• In Malaysia, as FIFA held in western host country happens at mid-night, the market participants who watch the matches during mid-night might be sleeping during market opening time, or not having enough concentration to the market.
• The FIFA news will overwhelm other news, including industry and business news.

So, what will happen to the stock market this year around FIFA time? Let's wait and see.

Pro features in Timely Alarm Clock App for Android set free by Google after they acquired Bitspin

It is officially announced that Google has recently acquired Bitspin, the small Switzerland company founded by some ETH Zurich's computer science graduates.

Source: http://www.bitspin.ch/google

Bitspin produces the famous beautiful Android app called Timely Alarm Clock, which has accumulated more than 1 million downloads within a year.

Timely is available for free in Google Play store, and now its in-app purchase features are also made free. Good news to all that haven't purchased the in-app features, and bad news for those who already spent some money on the app.

Trade-in old laptop and get up to RM650 rebate for new HP Pavilion laptop purchased at Thundermatch / SNS

For the limited time period between 1 December 2013 and 31 January 2014, now we can purchase a new HP Pavilion laptop from participating outlets of ThunderMatch Technology or SNS Network by trading-in our old laptop and get a rebate of up to RM650.

The qualifying HP Pavilion products are:

• HP Pavilion 14-n060TX (Mineral Black)
• HP Pavilion Touchsmart 14-n049TX (Silver)
• HP Pavilion 14-n059TX

All the above comes with 4th gen Intel Core i5-4200U Processor, 4GB DDR RAM, 750GB HDD, and NVIDIA GeForce GT 740M display card. Their current selling price is around RM2,000.

The trade-in laptop must be:

• Maximum 6 years old
• Include the main battery and power supply adaptor
• With working harddisk
• No permanently marked or defaced
• Complete and undamaged (reasonable wear & tear is accepted)
• BIOS password unlocked

This would be a good chance for you to replace your old laptop. Beside getting the rebate of up to RM650, you will able be able to claim for income tax rebate if you haven't made such claim over the past 3 years.

 

For more information about this offer, visit to https://tradeupmypc.com/.

 

 

It is confirmed. OCBC Titanium Mastercard changed cash-back rebate terms

This has been talked about since 1-2 months ago about the Malaysian OCBC Titanium MasterCard implementing a new cash-back rebate terms and conditions effective 29 November 2013.

Well, good things would not last long, and it is now confirmed that cardholders of Malaysian OCBC Titanium MasterCard will get a less attractive cash-back rebate now.

Before the change, these are the benefits of Malaysian OCBC Titanium MasterCard which had been offered for years:

• 5% cash rebates on petrol, utility bills, groceries and restaurants.
• 1% cash rebates on other retail transactions.
• The above is capped at maximum RM50 cash rebate per billing cycle.
• Waiver of RM50 annual government service tax if spending is more than RM10,000 in the year.
• Zero annual fee if the card is swiped more than 12 times in the year.
• Free access to KLIA Plaza Premium Lounge if you swiped more than RM3,000 for air ticket and travelling packages.

This credit card had a unique round cutting at its right side.

Now, the benefits of Malaysian OCBC Titanium MasterCard has become:

• 1% cash rebates on all retail transactions.
• There is no cap on the cash rebates.
• No more waiver of RM50 annual government service tax.
• Zero annual fee with no condition.
• No more free access to Plaza Premium Lounge.

This credit card now comes with blue or pink colour, and fall back to normal card's rectangular shape.

Previously, you can easily get RM50 cash rebate per month (or RM600 cash rebate per year) by spending as low as RM1,000 per month on the card. Now, you need to swipe RM5,000 per month to get the same amount of cash rebate. On top of that, you also need to swipe another RM5,000 to offset the RM50 annual government service tax.

As a result, we can anticipate that OCBC will lost a lot of its Titanium cardholders. The OCBC Titanium MasterCard was once among the best cash-rebate credit card in the market, and now that has become a gone history.