The Table Says It All ...


Comments

Post a Comment

Popular posts from this blog

The Tide Has Turned?

Image
The local bourse has been drifting down for weeks now with no respite in sight. As written a few weeks back, Malaysia's problems were not largely associated with the USA-China trade wars: The Problems :  We are in the midst of "house-cleaning", while we are quite prepared to be patient, a few things are noteworthy.  a)  Removing of GLC CEOs and other BN appointees from important government positions  - While I wholeheartedly support this, it also hampers all these affected GLCs to "move" or carry out projects. Nobody dares to negotiate contracts as the situation at the top is still fluid. This has to be managed FAST and QUICK. The longer we carry out this bloodletting, the longer the downtrend of the market will be. There is a very low-velocity number in the current velocity of money. b)  Tainted Companies  - Those not in the GLCs bracket but 'tainted' listed companies are affected as well. Quite a number of these company owners are currently hiding in ...
Read more

Story of Yanxi Palace vs Ruyi's Royal Love In The Palace

Image
What is probably trending over half the globe. I think about 30%-40% of the world's population is currently totally enamored by two Chinese palace intrigue dramas as Ruyi's Royal Love In The Palace (airing on online platform Tencent Video) and The Story of Yanxi Palace (which has a cumulative 11.5 billion views since its release last month).  Not only in China were these megahits but across the overseas Chinese diaspora as well. Be it Vietnam, Malaysia, Singapore, Taiwan, Australia, Canada, USA, etc... If you are not watching, ask yourself why. No right or wrong reasons here. Ruyi boasts a star-studded cast including Zhou Xun, Wallace Huo and Joan Chen.  It is based on a novel by Liu Lianzi and is a sequel to 2011's hit drama Empresses In The Palace, also based on the novel by Liu. It has drawn all the attention, and surprisingly both are based on the era of Emperor Qianlong Wang during the Qing dynasty. However, these are not pure historical pieces. The writers have tak...
Read more

Top Glove's Troubled Acquisition

Image
This has been well documented. The RM1.37bn purchase by Top Glove was completed only on April 4th this year. Secondly, the purchase was completed within 4 months. Posted on 9 July 2018 - 11:49pm Last updated on 10 July 2018 - 12:06am Lee Weng Khuen sunbiz@thesundaily.com Print PETALING JAYA:  Top Glove Corp Bhd, whose shares tumbled as much as RM3.63 or 30% on Monday, said an investigation by an independent accounting firm showed that it overpaid RM640.5 million for the acquisition of Aspion Sdn Bhd. Irregularities were discovered in certain balance sheet items of Aspion after it was taken over by Top Glove on April 4. Top Glove paid a whopping RM1.37 billion for Aspion. "From the interim report given by the independent accounting firm, there is currently an overstatement of inventory, plant and machinery in Aspion's accounts amounting to RM74.4 million. Further, the interim report also states that the acquisition price of Aspion was overstated by RM640.5 million. Therefore, ...
Read more