Jot

Billions to upgrade and modernise water infrastructure nationwide, about 5,000 million litres of water are lost daily. Well Dr Xavier Jayakumar, in comparison, many countries lose as much as 30 to 60 per cent of their treated water before it reaches customers. It is a question that has puzzled many for years. The answer might be due to aging networks which haven’t been properly managed, metering inaccuracies, theft or unmetered authorised consumption, like water used from fire hydrants.

tessa – 20 April 2019

There are 1.49 billion daily active Facebook users. 25% of Facebook users say that they never change or update their own Facebook status.  That sounds like me. However, I like PC Gaming via Facebook Gameroom,  I can play action, puzzle, fantasy, or casino games all day long for free.

tessa – 20 April 2019

It’s way cheaper to use public transportation to get around than it is to buy your own vehicle. However, our public transport system is still patchy, for this reason many urban residents still opt to use private transport instead.

tessa – 20 April 2019


RON97 petrol up again. Tomorrow, April 20, RON97 will be priced at RM2.80 per litre, up 12 sen from RM2.68 . Grrr!

tessa – 19 April 2019

Hubby, he had asked me earlier, when is Easter 2019?. I told him, 21 April Sunday.  The date is decided by a complex set of calculations based on observations of the moon. To all Christians, Wishing You A Blessed Good Friday and A Happy Easter.

tessa – 19 April 2019


Hibiscus says no impact from temporary halt at Anasuria FPSO on its financial year ending June 30, 2019. Trading of the stock was earlier halted from 9am to 10am pending the announcement. Uh. Oh. Thankfully, I am much less emotional about investing these days.

tessa – 17 April 2019

KLCI falls 0.8% on possible downgrade of market accessibility level.  Most Southeast Asian stock markets rose on Wednesday. Everybody’s talking about market access. Whatever! Nothing kills your investing enthusiasm like seeing a decline on your monthly statement.

tessa – 17 April 2019

Each day, hundreds of illegal adverts, stickers, banners, and posters such as loan shark ads are put up in many housing estates in the Klang Valley. Every district in Malaysia has its own local council. Are they doing their job? Why must our local authorities give in to the culprits? The culprits must be punished at all costs.

tessa – 17 April 2019


Malaysian stock market keeps missing out on the global rally, Bloomberg has said. It’s like going to a flea market and everything is on sale. Cheap, cheap, cheap. Damn you all!

tessa – 16 April 2019


HSPLANT appointed Datuk Mohammed Che Hussein as its independent and non-executive chairman effective May 31, replacing former Bank Negara Malaysia governor Tan Sri Ahmad Mohd Don who will step down on May 29 after being in the role for 12 years. Former CARLSBG CEO Datuk Jorgen Bornhof will also retire from his position as its independent and non-executive director as well. I have come to realize making yourself happy is most important. Because it’s like taking a vacation from real life, and real life is mostly terrible.

tessa – 13 April 2019

CCB’s chairman Haslam Grey Preeston, 42, resigned from his chairmanship effective April 30. Singaporean Eric Chan Tze Choong 49 will take over from Preeston on May 1. People leave. People die. People forget.

tessa – 13 April 2019

Sixteen people, including eight Malaysians, aged between 25 and 58 were injured after a hotel in Sadao in Songkhla province, southern Thailand caught fire on Friday. I don’t want to go to Thailand. My dream is to buy Beachfront or Waterfront 2nd home in Perak. Spend time and vacation there.

tessa – 13 April 2019


The S&P 500 closed flat as investors awaited for the start of the corporate earnings season. I wanted to say something to make my pain go away and make everything better. But, I realized that there was no answer.

tessa – 12 April 2019

Two injured in explosion and fire at Pengerang O&G facility believed to be security guards at the site. Bad news after bad news. Everything that could possibly go wrong is going wrong in Johor right now.

tessa – 12 April 2019


KGB may rise higher, says RHB Retail Research. And bam!! At 10.00 am, KGB -0.010, and the KLCI was down 5 points.

tessa – 10 April 2019


A boardroom tussle has surfaced at Seacera. Tiger executive chairman Datuk Tan Wei Lian is Seacera’s single largest shareholder with a 13.96% stake as at March 25, according to Bloomberg data. I suppose we have to leave it to the shareholders and the qualified directors have to make the decision.

tessa – 9 April 2019

MUI jumped 17.07%, or 3.5 sen to 24 sen with 13.81 million shares done. It has fallen some 11.32% in the past one year, StarBiz has said.  Now that’s more like it!

tessa – 9 April 2019


IJM, Gamuda advance on ECRL hopes. Gamuda was up 13 sen. IJM was up 12 sen. It’s amazing how a little tomorrow can make up for a whole lot of yesterday.

tessa – 8 April 2019

Seacera  is looking for a “reputable partner” to jointly develop Seacera’s 500-acre Semenyih land in Selangor. Land and water are not really separate things, but they are separate words, and we perceive through words.

tessa – 8 April 2019

BJToto saw ticket sales for Classic 4D rising 5% since measures to combat illegal operators started last September, Kenanga has said. A friend said a windfall would give him peace of mind knowing that he would be secure financially. Would winning the 4D or Lotto big jackpots help? Of course, but he can’t count on it. Yes, sometimes you should play the game. Why? To spend RM1 for fifteen minutes of dreaming is good, cheap fun. 😀

tessa – 8 April 2019

Nowadays ‘cari makan dalam KLSE also very susah’. 😦

tessa – 8 April 2019


MBM Resources may rise higher, RHB Retail Research has said. Hey GETS, how about you?

tessa – 3 April 2019

Oil hit a 2019 high, Brent above $69 a barrel on Tuesday. I like the news. I find they come in handy when I … oh, I don’t know … think.

tessa – 3 April 2019


BJASSET has disposed of 27.7 million shares or a 2.45% stake in SEM, via a director business transaction for RM1.50 per share. The key point is that I like to see directors buying and I am very seldom concerned about them selling.

tessa –  29 March 2019


Asian share markets painted red Thursday. What do you think? I’m going to paint the town red. Care to join me?

tessa –  28 March 2019

Signature may climb higher, says RHB Retail Research. Dufu Technology may rebound higher, says RHB Retail Research. Let my soul smile through my heart and my heart smile through my eyes, that I may scatter rich smiles in sad hearts.

tessa –  28 March 2019


Scomies rose 20% in active trade this morning – up 1.5 sen to 9 sen with 4.36 million shares traded. Scomies  have won two contracts worth US$150 million (RM610 million) from the Kuwait Oil Company. A contract is only as good as the people signing it.

tessa –  26 March 2019

Tak pa la, dia banyak orang kecewa. Saya pun kecewa dengan dia orang. (Never mind, many people are disappointed. I am also disappointed with them),” Dr Mahathir said. The liberal media is quick to traduce conservative politicians by pointing out their faults.  Nurul Izzah, are you happy now?

tessa –  26 March 2019


Hibiscus Petroleum will be drilling eight oil wells this year, six in Malaysia and two in the United Kingdom, which is set to increase its production volumes. Hibiscus may soon hit oil jackpot. I bought some pretty good O&G stock.

tessa –  25 March 2019

Foreign funds acquired RM86.3mil of local equities last week, the second lowest weekly foreign net inflow recorded so far this year, MIDF Research has said. I am not optimistic. We’ve witnessed some crazy swings in stock prices so far this year.

tessa –  25 March 2019


US markets rose on Friday following gains in technology counters and renewed optimism on the US-China trade deal. European stocks also advanced following a delay in Brexit.  I can say this, investor sentiments are not particularly positive around Malaysia right now.

tessa –  23 March 2019

Karex which reported plunging profits in recent quarters, still sees headwinds ahead but remains unfazed, stating that its business is a long-term venture. That depends! Not a lot of people will find condoms sexy and also religious beliefs are a totally valid reason to not use condoms.

tessa –  23 March 2019


Hong Kong billionaire 67-year-old Thomas Kwok released from jail and heads home for dim sum. Well, I love Japanese food – sushi, sashimi and miso soup.

tessa –  21 March 2019

World happiness index: Malaysia plunges from No 35 to 80 in one year. There you go…let it all slide out.

tessa –  21 March 2019

Following the negative performance in the US and Europe, the FBM KLCI could remain lackluster and hover sideways below the resistance of 1,710 points, JF Apex has said. If that’s the bad news, there’s still plenty of good news.

tessa –  21 March 2019


Tony Fernandes quits Facebook, citing New Zealand shooting. But the main problem here. Not one of nearly 200 viewers reported the video of the New Zealand mosque attack while it was happening live, Facebook has said.

tessa –  20 March 2019


Every day, IB analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. My son, please take profit on Dayang after peak 200% return. Remember, the secret is to hop off the elevator on one of the floors on the way up and not ride it back down again.

tessa –  19 March 2019


TM plans to sell more buildings and landbanks to unlock the value of its assets after putting two buildings up for sale recently. I eat to relieve the financial stress. This means I’ve gained 40 pounds in four years. TM may be under financial pressure. Estate planners often recommend that homeowners transfer title to a property into a trust, which allows their heirs to avoid probate proceedings and sell a home more easily.

tessa –  18 March 2019

Maybank Kim Eng upgrades BJTOTO to buy; PT RM2.65 from RM2.45. Why people buy lotto tickets has long been argued over by economists. Visualize yourself winning at least RM1 million with a bet RM1, because winning the Jackpot is reserved for a lucky few.

tessa –  18 March 2019


Eversendai Corp Bhd has seen IJM Corp Bhd founder Koon Yew Yin dispose of his 26.18 million shares recently. Post-disposal, he owns 38.96 million shares or 4.99% of Eversendai’s shareholdings. He first became a substantial shareholder on April 28, 2017, when he acquired 45.95 million shares or a 5.937% equity interest in the group.  Turns out that millionaire investor KYY doesn’t love Eversendai either.

tessa –  16 March 2019

Boustead Holdings Bhd’s sale of its Royale Chulan Bukit Bintang Hotel in Kuala Lumpur to Singapore-based Hotel Royal Ltd for RM197 million is confirmed, just a fortnight after the Defence Ministry said the sale was not a done deal. Really, Mat Sabu?

tessa –  16 March 2019


Jacinda Ardern, New Zealand prime minister

“…This is one of New Zealand’s darkest days. Clearly, what has happened here is an extraordinary and unprecedented act of violence. Many of those directly affected by this shooting may be migrants to New Zealand, they may even be refugees here. They have chosen to make New Zealand their home. It is their home. They are us. The person who has perpetrated this violence against us is not. They have no place in New Zealand. There is no place in New Zealand for such extreme and unprecedented acts of violence.”

tessa –  15 March 2019


Perdana Petroleum Bhd shares rose 42 percent, more than any full-day gain since Oct 1. Dayang currently owns 94.8% of Perdana that provides marine support services for the O&G industry.  While Naim owns a 26.42% stake in Dayang.  Naim Holdings Bhd’s share price reached limit up today after the stock rose as much as 30 sen or 33% to its one-year high at RM1.20.

tessa –  13 March 2019


MFlour is expected to be one of the largest integrated poultry players in Malaysia in FY20F upon its poultry processing plant’s completion in Lumut in the third quarter of FY19. The difference between involvement and commitment is like flour and eggs. The chicken is involved; the flour is committed. 😀

tessa –  12 March 2019

Gobind to seek social media portal owners’ views on curbing hate speech.  Educate the masses on media ethics.

tessa –  12 March 2019


“If you borrow huge sums of money from China and then you cannot pay, when the person is a borrower, he is under the control of the lender. So, we have to be very careful about that,” Tun Dr Mahathir, who was on a two-day official visit to the Philippines, told ABS-CBN News on Thursday. Can’t argue with that. Benjamin Franklin put it this way: “Creditors have better memories than debtors.”

tessa –  8 March 2019

China Ding Yi Feng Holdings Ltd., the Hong Kong investment firm whose more than 8,500 percent surge over the past five years bested every other stock in the MSCI All-Country World Index, was halted by Hong Kong’s Securities and Futures Commission on Friday. In Malaysia, sharp rise & sharp decline, be careful ya, our regulator Bursa Malaysia will slap you. You heard me. Yeah, you. I will slap you. 😀

tessa –  8 March 2019


Zuckerberg says Facebook’s future is going big on private chats. Yeah, people care more about privacy now than ever before.

tessa –  7 March 2019

No damages should be paid to The Edge, says govt counsel. It was all about words. If words weren’t important, they wouldn’t try so hard to take them away.

tessa –  7 March 2019


Singapore, the world’s second-fastest ageing society, has reached agreement with trade unions and employers to increase the retirement age, its manpower minister said on Tuesday. The current retirement age is 62, while companies are required by law to offer eligible employees the option of continuing to work until they are 67 – the so-called re-employment age.  Let’s see, in Malaysia it is 60. In Australia there is no fixed age at which women have to retire.

tessa –  6 March 2019

KTMB chairman Datuk Rameli Musa, who was grilled for 5 hours by the Malaysian Anti-Corruption Agency over the RM1.4mil cheque PAS reportedly paid to Sarawak Report editor Clare Rewcastle Brown, has voiced his frustration at the hoo-ha over the financial help he allegedly extended to PAS.  Most people nowadays act like a gangster, they torture rivals, sadly.

tessa –  6 March 2019


JAG Capital Holdings Sdn Bhd is now the largest shareholder of UMNO related KUB after acquiring a 31.99% stake from Anchorscape Sdn Bhd.  JAG Capital is an investment holding company linked to the family of former finance minister II Datuk Seri Johari Abdul Ghani. Companies used to remain mum on any topic deemed impolite for the dinner table,  religion, sex, & politics. It used to be you didn’t want to upset anyone. Taking a political stand may be the morally right thing for a company to do, but that doesn’t mean it won’t face consequences.

tessa – 5 March 2019

Proton to treat third national car like any other competitor. Yes indeed. Because sometimes a nemesis can go after for you for what feels like truly personal reasons. So far so good. DRB-Hicom, which holds 51.1% stake in Proton, saw a 9.3% rise in revenue to RM3.17 billion from RM2.9 billion.

tessa – 5 March 2019


Good news. Hibiscus Petroleum Bhd said its jointly-controlled operating company, Anasuria Operating Company Ltd (AOC), is on track to execute the Guillemot A GUA-P1 side-track well, which is targeted to unlock approximately 1.7 million barrels of oil from its current net proven and probable (2P) oil reserves. I’m rich! I’m rich!

tessa – 4 March 2019

British India’s Pavilion Final Sale Before Closure from 28 Feb to 17 March. It’s OK to be depressed.  People buy for their reasons, not yours.

tessa – 4 March 2019

OCR said a RM324M contract to undertake 1Malaysia Civil Servants Housing – PPA1M project in Precinct 5 Putrajaya has been cancelled. Oh no! Not again.

tessa – 4 March 2019


Armada continued to stay in the red, posting net losses of RM2.30bil in the financial year ended Dec 31, 2018 and net losses of RM1.26bil in the fourth quarter. In a statement released on Friday, it also announced Leon Harland, its chief executive officer (CEO), and executive director, will be concluding his contract of employment with the Company on May 15. Harland will be transitioning his leadership role to Gary Neal Christenson. It is a pretty good bet that if the investor community is not high on the stock and the stock has been volatile with more downs than ups, the Board of Directors took some necessary action.

tessa – 1 March 2019

Brahims has lapsed into Practice Note 17 (PN17) status. Based on the unaudited interim financial results of Brahims for the fourth quarter ended Dec 31, 2018, the shareholders’ equity of Brahims on a consolidated basis of less than RM40 million represented 25% or less of its issued capital. The stock market is in the red. It’s a little too easy to find bad news. 😦

tessa – 1 March 2019


Mohamaddin Ketapi withdraws RM80,000 allocation for hall in Semenyih, says sorry. The apology and withdrawal come just under three hours after Mohamaddin left National Crafts Day celebrations at Dewan Haji Md Silin, Beranang. But what exactly are you sorry, or need to be excused, for?

tessa – 28 Feb 2019

PLABS (0171) stakeholders want 7 directors out. The reasons being the seven directors have been drawing too high salaries and that the 10-member board is considered too big for the ACE Market-listed firm. If you replace a CEO then the new CEO certainly is not going to take the job for below-average compensation. 😦

tessa – 28 Feb 2019


DBHD falls 3.61% after civil servants housing job scrapped. It will also mean an anticipated 1,350 residential units and 45 commercial units, at a gross development cost of RM467.3 million will not materialise.

tessa – 27 Feb 2019

Muhyiddin to Nazri: If appointment of non-Malays against constitution, take us to court. Its not about that la Tan Sri,  more of  “But I never thought you’d betray your own kind by siding with them”.

tessa – 27 Feb 2019

AZRB may move higher, Magnum may climb higher, says RHB Retail Research. If the price of Hibiscus Petroleum just inch up every day without stop. How nice.

tessa – 27 Feb 2019


“There is a worrying and growing belief among policy makers and regulators, investment houses, NGOs, and many others that we are an industry with little or no future,”  Amin Nasser, the chief executive of Saudi Aramco said, in a transcript of the speech released in advance. What a pity! I think there are more politicians in favour of electric cars than against.

tessa – 26 Feb 2019

Gamuda to ensure highway takeover is based on ‘market valuation norms’. Bad news for the government. Good news for the investors.  Based on shareholders of record, EPF is the largest shareholder in Gamuda holding 11.88%, followed by Amanah Saham Bumiputra 4.99%, Perak Royalty 4.79% and Kumpulan Wang Persaraan 4.14%. While the Managing Director, Datuk Lin Yun Ling, owns 3.04%.

tessa – 26 Feb 2019

Ku Li said the Pakatan leadership was busy politicking instead of fulfilling their pledges. Dear PH, are you too busy politicking, hogging the media headlines instead of engaging in development? I rest my case.

tessa – 26 Feb 2019

PublicInvest revised its target price on Dayang to RM1.16 from 80 sen previously. HLIB Research revised its target price on Wah Seong to 65 sen from 72 sen previously. ZJ Advisory a privately owned boutique financial house co-founder Lim Beng Guan sues Apex Equity.  His company, Concrete Parade holds a 4.68% stake in Apex Equity. Lim Beng Guan controls 95% stake in Concrete Parade.

tessa – 26 Feb 2019


This morning KSSC was slapped with an unusual market activity (UMA) query by Bursa Malaysia. The regulator drew attention to the “sharp rise in price” of the company’s shares recently.

tessa – 25 Feb 2019

PENERGY hit limit up after jumping 30 sen, or 71.43% to 72 sen with 847,500 shares traded. Sorry, I am not buying in this time.

tessa – 25 Feb 2019

Bursa Malaysia started Monday on a cautious note as tolled highway operators Gamuda, Litrak and IJM fell on news about the government’s move to take over the expressways. Policy positions should be based on the best available evidence, but they are often formed on personal views or moral judgements.

tessa – 25 Feb 2019

Poultry stocks start to hatch? Peep! How long does it take to hatch?

tessa – 25 Feb 2019


Singapore Has a Better Bali on Its Doorstep, Developer Says. Slow down, Kwek Leng Beng! You’re going way too fast. Langkawi, Malaysia is a better choice. Singapore is simply way too modern for Bali’s fan! And also Singapore can be quite expensive for food/hotels than compared to Malaysia.

tessa – 22 Feb 2019

Two ferry crew members smoking on board their vessels were among 20 people caught smoking in Penang by state Health Department enforcers during an anti-smoking operation. The others, including foreigners, were caught smoking in the ferry and bus terminals, the airport and the George Town heritage enclave. Can Malaysian smokers sue the government for taking away their rights?

tessa – 22 Feb 2019

 

Trading ideas: BAT, Allianz, Magnum, AMMB, Lii Hen, Oriental Food. There are many companies that aren’t worth buying at any price. Trash is trash, regardless of how much you pay for it.

tessa – 22 Feb 2019


There are days when you can never get enough caffeine, no matter how hard you try.

tessa – 21 Feb 2019

Following the bullish performance in the US and Europe, the FBM KLCI could extend its positive momentum towards the resistance of 1,740 points. And bam!! At 11.00 am, the KLCI was down 4.95 points or 0.29% to 1,721.32.

tessa – 21 Feb 2019

D&O almost doubled its 4QFY18 net profit RM12.33mil against RM6.94mil in the previous corresponding quarter, on the back of higher revenue and better gross profit margins. And bam!! Next day the share price fell.

tessa – 21 Feb 2019

Petron (formerly known as Esso Malaysia Berhad) swings into the red in 4Q18. The company posted a net loss of RM25.5mil in the fourth quarter ended Dec 31, 2018 against a net profit RM99.56mil in the same quarter a year ago. Ouch, bloody hell! Oops, excuse my French! Don’t panic. Hang in there. Okay, maybe this is taking things a little far.

tessa – 21 Feb 2019


Building owners are unable to get the rent they are seeking. Phew, what a year! The landlord came out and basically said, “You look like Malay, Indian, don’t bother applying”.

tessa – 20 Feb 2019

Termeloh Police have detained a 68-year-old man who is alleged to have insulted Prophet Muhammad on his Facebook page. Life after 60? Ew! That guy is gross.

tessa – 20 Feb 2019

Hibiscus shares up on strong earnings.  Only 2.86% up in early trade. Not good enough for me.  ♥ 😦

tessa – 20 Feb 2019


Hibiscus Petroleum Bhd 2Q profit jumps over four times with stronger operational performance. Yay! Great, Hibiscus!

tessa – 19 Feb 2019

In Semenyih, a motorcyclist who only wished to be known as Eddy told Sinar Harian that he found a pamphlet left on his motorcycle when he came out from the hypermarket after buying some groceries. “At first I thought it was a just a normal flyer but upon taking a closer look it was basically criticising Najib. “I read it in full and then threw it away. There is no point reading such stuff as it will not benefit anybody, I was just surprised that people will go to this extent,” he told the daily.  Wait a minute, I am confused.  What’s Najib got to do with Semenyih?

tessa – 19 Feb 2019

Police have arrested three men, aged 30, 33 and 48, believed to be involved in installing a hacking device on an ATM at Jalan Changkat Bukit Bintang last Sunday. Oh wow! A lot of things go on in our life that affects us in ways we cannot imagine.

tessa – 19 Feb 2019

Stock With Momentum: BIMB Holdings. Wow!! I keep wanting to say Hibiscus  Petroleum. Anyway, there are thousands of stocks to choose from and new ones being listed every month. No favourites. It’s a business.

tessa – 19 Feb 2019


TAS Offshore Bhd – up one sen to 30 sen. I’m not buying it. What are the chances of TAS going from 30 sen to a ringgit? In the current market, highly unlikely. Liken it to winning the lottery. ♥ 😦

tessa – 18 Feb 2019

Transport Minister’s press secretary throws a fit after the speech of his boss at the 2019 Chinese New Year Open House was not broadcast.  It is not that television networks are unaware or uninterested. But I think that tradition, that custom, of broadcasting the Minister simply outweighs the concerns.

tessa – 18 Feb 2019

Foreign investors were net sellers of Bursa equities last week, snapping the five-week buying spree on Bursa. When you think you’re done with feeling or behaving in a way that feels yucky, and then bam! There it is again.

tessa – 18 Feb 2019


MCT Bhd announced yesterday Teh Heng Chong’s appointment as chief executive officer and executive director, effective March 4, 2019. Good news for the shareholders. Right? And bam!! Next day the share price fell. Many a time, noise traders drag the share price further down.

tessa – 15 Feb 2019


Velesto Energy Berhad (formerly know as UMW Oil & Gas Corporation Berhad) has bagged a US$38mil contract extension to provide high pressure high temperature (HPHT) jack-up drilling rig and services for North Malay Basin, Malaysia. Alas, my funds have some limitations. I have to dig in, do the research and make a judgment call. To Buy or Not to Buy, THAT is the Question 😉

tessa – 13 Feb 2019


Perodua (MBMR 5983 ) has delivered over 100,000 units of its 3rd-gen Perodua Myvi since its launch in November 2017.  The company has sold nearly 3.5 million cars since 1994. I once owned a Perodua Kelisa car, which does not even have rear seat belts! Do you know that during a car accident at 30mph, a typical rear passenger is flung forward at 30mph with a force of 3.5tons? 😦 Being unbuckled in back seat is more dangerous than most think. 😦

tessa – 12 Feb 2019

Tuesday is Monday’s ugly sister. Ahhhhh Tuesday. And why does February feel like one big Tuesday? ♥ 😦

tessa – 12 Feb 2019


What’s up SCOMI? Long term, I believe in Hibiscus. Otherwise, I would only trade the name short-term.

tessa – 11 Feb 2019

I feel like a big faker because I’ve been putting my life back together, and nobody knows. hahaha 😀

tessa – 11 Feb 2019


On Friday, The Star newspaper said that Datuk Abd Aziz Sheikh Fadzir has bought 31.6% stake in the PN17 Utusan from UMNO.  The block of shares was sold at 19 sen per unit, higher than Utusan’s last closing market price of 11.5 sen.  IMAO White knight vs black knight. 😉 Imagine a firm that you don’t like tries to acquire your company – you not want them to do it – then another company that you like comes in and makes a bid – you welcome this new move – this new company/investor is called a white knight. A white knight is a friendly investor who acquires a company at a fair consideration with the support of the company’s senior management. 😀

tessa – 9 Feb 2019


 

I have Social Disease. I have to go out everyday. I always feel better when I have been out in the fresh air. If I stay home all day I start spreading rumours to my cats. hahaha 😀

tessa – 8 Feb 2019

With RM4 bil from shareholders, can Shahril turn things around at Sapura Energy? Good question. That’s not necessarily a problem; CEOs can turn around a failing business with the people they already have. 🙂

tessa – 8 Feb 2019

Teh Hong Piow has been conferred with the degree of Honorary Doctor by Sunway University. Congrats Tan Sri, love ya!

tessa – 8 Feb 2019

 

Some things in life are like ice cream, they’re only good for a while and then they melt. The trick is enjoying it and making the most of it while it’s still ice cream. No idleness, no laziness, no procrastination: just seize the moment, babe! ♥

tessa – 7 Feb 2019


Henry Adams claimed, politics is “the systematic organization of hatreds”.  I concluded that the statement was not my cup of tea. Then, there are those who hate others to make themselves feel better. Maybe the sense of hatred runs deeper than it actually appears. Whatever. 🙄 Hey, do you know a cup of black coffee about an hour before workout and your performance can improve by 11-12%. Yes, let’s do that tomorrow!. 💡

tessa – 29 Jan 2019

 

The KLCI is sliding again. Up up. Then down. Volatility largely has ruled the stock market. The question now is whether the worst is over or we’re in for more pain. If these falls continue and extend for a few more days, dear hubby of mine,  you might start to see my signs of panic creeping in. 😉

tessa – 23 Jan 2019

 


EcoWorld launches home ownership with Maybank and Public Bank. EcoWorld said that the programme offered two methods for purchasers which were the Stay2Own in partnership with Maybank’s HouzKEY or Public Bank’s Help2Own via a mortgage. It said the campaign was for its residetial properties and would be until June 30, according to the Star. Whew! This is very good news indeed.

tessa – 22 Jan 2019

 


Foreign funds acquired RM25.5mil net of local equities last week, bringing the nine-weeks of foreign net selling to an end.  I can’t say yay to that news really.  I vote nay on any resolution that damages the livelihoods of the retail investors of KLSE.

tessa – 14 Jan 2019

 


Sultan Muhammad V has stepped down as the 15th Yang di-Pertuan Agong, according to a statement from Istana Negara on Sunday, Jan 6.  A terrible thing: no one to blame. Some people love to spread gossip through their blogs. Even unintentional rumors are sometimes started by bloggers. I don’t associate with people who find such great joy in belittling others.

tessa – 6 Jan 2019

 


Even after we’ve made a decision, for whatever reason we chose that path, when we’re living with the consequences, we don’t know what the right choice was. All we know is whether we like where we are or don’t like where we are.  But we will never know if they’re the right path until we actually make a decision, right? We might mess up, we might have to deal with some bigger consequences, but we might also have made the best decision of our life. Happy new year 2019 everyone!

tessa – 2 Jan 2019

2018


I am shocked and sad . British India clothing no longer in Sunway Pyramid.  The company has not yet revealed which locations may soon be on the chopping block. For some remaining businesses in the mall, last Sunday was business as usual. Think twice before you give somebody a gift card for Christmas. If you don’t know what to get somebody, give them cash, you don’t have to worry about stores, outlets and locations shut down without prior notice.

tessa – 24 Dec 2018

 


I just heard about Adib’s passing. I’m very saddened to hear the news. 😦 Today my forest is dark. The trees are sad and all the butterflies have broken wings. Inna lillahi wa inna ilayhi raji’un إِنَّا لِلّهِ وَإِنَّـا إِلَيْهِ رَاجِعون “Surely we belong to Allah and to Him shall we return”.

tessa – 18 Dec 2018

 


Kenanga Research said in view of heightened geopolitical uncertainties coupled with poor global stocks performance as of recent, we maintain our view that the KLCI will continue its tepid trading in the short-term. I agree. The stock market, as a system, is bad. I’m not going to try to beat the market. The market is all-knowing. 😉

tessa – 17 Dec 2018

 


Here’s another tale of money from Santa, this time in Hong Kong. Several pedestrians in Hong Kong had their afternoons brightened Saturday when money seemingly began falling from the sky.  Now that’s an early Christmas present. And why didn’t it fall where I live instead?  Sometimes life isn’t fair. 😕

tessa – 16 Dec 2018

 


Days come, days go. It shouldn’t make any difference, but for some people Friday and Saturday nights are the worst . They’re the worst because the loneliness is magnified. The best you can do is hope that there is someone else like you out there, but if there is, you will never meet this person because that person doesn’t get out either. 😕 As for me, I will find comfort in the simpleness of sitting with hubby on a Saturday night with nothing else to do.

tessa – 15 Dec 2018

 


Tan Sri Khoo Kay Peng is retiring as executive chairman of MUI.  His son, Andrew  Khoo to take over. I could have been born into any family.  I was fortunate that I was born to a Perakian Malay dad with business sense.  🙂  I know the value of money, it’s everything in today’s world. Happiness can’t be bought, but show me a sad person buying a new Mercedes or BMW. The relationship between money and its owner is in how it’s handled. 🙂

tessa – 14 Dec 2018

 


Bursa down for the fifth trading day on Monday. 😕 Even without a full-blown trade war, escalating internal frictions could weigh on business confidence and growth. When I’m depressed my bedroom becomes a gloomy cave. 😕 Hey, I have no idea how I’m going to make money this month. 😦

tessa – 10 Dec 2018


 

Bumi Armada’s share price skidded to an all-time low of 15 sen on Friday on continued selling pressure. The unusual market activity saw it being queried by Bursa Malaysia. Analysts believe it is oversold (trading below its true value).  Well, the good news for investors, oversold shares typically move higher within weeks (or months at most).  🙂

tessa – 30 Nov 2018

 


Casino duty 35%. Jackpot duty 20%. Genting Malaysia Berhad sued 21st Century Fox and its soon-to-be new owner, the Walt Disney Co., for pulling out of an agreement for a Fox World theme park at its casino resort. I think we all agree the casino has been a boon to the community in terms of revenues, which has helped with many capital projects.

tessa – 28 Nov 2018

 


Yang di-Pertuan Agong Sultan Muhammad V Marries Miss Moscow 2015 in Stunning Russian Wedding made headlines. I don’t know what the fuss is all about. Some netizens very angry, some netizens very sad, which made me unhappy all day.  He is married. That’s a good thing, right?

tessa – 25 Nov 2018

 


Budget 2019. Well, there’s good news and only slightly less good news. The good news is there’s no devil. The bad news is there’s no heaven. There’s nothing for me in there. In the business world, bad news is usually good news – for somebody else. I decide to turn to my old faithful solution to all that is wrong in life. Coffee. 😕

tessa – 5 Nov 2018

 


Lunch with family. Lunch makes me feel a bit better. I don’t know what I ate, but I felt immensely better after the first mouthful. It’s nice to just be a mom and hang out with my son at lunch. 🙂

tessa – 4 Nov 2018

 


The Edge reported that  the public listed company, TMC Life Sciences Bhd has awarded a RM48.7 million contract to Putra Perdana Construction Sdn Bhd to undertake piling works for construction of the 33-storey Thomson Iskandar Medical Hub in Johor Baru. TMC said its wholly-owned subsidiary BB Waterfront Sdn Bhd has awarded the contract, which is for a period of 40 weeks, with completion by Sept 2, 2019. That’s the intriguing part and what I hope TMC will tell us.  🙂

tessa – 31 Oct 2018

 


Snippets from The Star “Umno thought it was holding a diamond, but it turned out to be glass. We respected him as our leader, lived in the same house for so many years, sleeping in the same bed. Suddenly, one morning, we woke up and bye-bye, he is married to the neighbour,” said Kok Lanas assemblyman Datuk Alwi Che Ahmad. 😕 Some says its a reverse takeover. You know a type of merger where a large private company is merged into a smaller, publicly-listed company, and by doing so, becomes one large publicly-listed entity.  😛 This is fun. Coffee, please! 😀

tessa – 30 Oct 2018

 


The news, “Three of Seacera Group Bhd’s major shareholders had been forced to to sell down their stakes in the company on the market by the banks or stock broking firms, Seacera said in a Bursa filing today”.   Yeah, how does that happen? Pledging of shares? Margin Calls? Everyone should believe in something. I believe I will have another coffee. 😕

tessa – 29 Oct 2018

 


The selling on KLSE just won’t quit 😦 Ringgit slips further as investors await Budget 2019 😦  I don’t know why I can’t build anything that works right anymore. 😕 Clearly, these times are nothing to look forward to, but fighting back can be dangerous. 😕

tessa – 26 Oct 2018

 

 

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