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Addressing the issue, which Finance Malaysia thinks was critical at a time of globalization heats up, Malaysia needs to formulate and take action immediately without much hesitation. But, before we jump into action, we need to know the root of the problem. Right? Exactly, we must find out the reason why we left behind other countries in terms of GDP per capita , which refers to the country's gross domestic products at purchasing power parity (PPP) per capita. According to Wikipedia, it was the value of all final goods and services produced within a country in a given year divided by the average population for the same year. Why not using nominal GDP to measure national wealth? Comparison of national wealth are also frequently made on the basis of nominal GDP, which does not reflect differences in the cost of living. Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the re...

In Malaysia, we can see a lot of businesses being conducted by state government. Should there be a limit to the extent that state government should involved in? Yes, we know that the state also need money to run their administrations daily operations expenses. But, would it be wise to collect revenue generated by businesses in the state, instead of relying of its own businesses? Well, doing businesses by state government itself can generate more revenue. This is the case only if the businesses were run successfully and making profits. Otherwise, the businesses' losses were barred by rakyat themselves. Why we only highlight State Government? Simply because most of the state government is making losses. In fact, only one state is making profit and still it is highly indebted. By going back to history, we know how that state wrest control of one reputable fast-food chain business, which became its cash-cow now. Then, the money from this cash-cow is spinning around within the group. ...

Listing tomorrow (March 8), Berjaya Food (BFood), through its subsidiary Berjaya Roasters, is principally involved in the development and operation of the Kenny Rogers Roasters (KRR) chain of restaurants in Malaysia. All started when Berjaya Group acquired KRR in 1993, and being the exclusive franchisee in Malaysia, operating 52 outlets nationwide. Kenny Rogers Roasters What's in BFood mind? Open 8-10 outlets per annum Emphasizes healthy food targeting increasingly heath conscious consumers What Analysts say? The IPO price was set at RM0.51 , and Berjaya Group will still be the largest shareholders after IPO with 70.91% shareholdings. OSK Research value BFood with a RM0.57 target price , based on 7.5x PE, which represents a 30% discount to its closest peer in Malaysia, QSR Brands due to its smaller revenue and earnings base. BFood intends to distribute up to 50% dividend payout. Past and projected revenue. Source: OSK, Prospectus More "food" for BFood?  Berjaya Group...

Being one of the most successful new listing this year, Benalec is consistently closing higher than its IPO price of RM1.00. Listed on the main board of Bursa Malaysia, Benalec was categorized as a construction counter with more than RM1 billion market capitalization. Company Info Incorporated since 1978 Principally involved in the provision of marine construction services mainly in the area of land reclamation and dredging, rock revetment works, shore protection works, beach nourishment, marine piling, and construction of marine structures. Providing vessel chartering on time and voyage charters as well as tow-age services to third parties. Owning a full-service shipyard to carry out any ship repair, ship maintenance, shipbuilding or fabrication works. Owning a large and diversified fleet of 91 vessels Expertise? Benalec strength lies in their ability to operate a 1-stop centre offering Total Service and Complete In-House expertise , ranging from marine construction, marine transp...

Just before CNY, Latexx surprisingly announcing that the company had accepted a non-binding takeover offer by two private equity funds. However, the deal looks unattractive with limited upside given the offer price of RM3.10 only. For your information, it is only 10.7% above the last trading price of RM2.80 only. About the offer: The offer values Latexx at 8.2x P/E only versus sector's average of 11.7x The takeover offer needs to secure a 75% shareholders' approval as lay out by the new rules With RM3.10 per share, the offer was valued as RM 852.03 million (inclusive of 55.03 million warrants) Would the deal materialize? Finance Malaysia doubt the deal will go through, given the unattractive valuations attached. Please take note that Latexx was one of the largest medical examinations gloves producers globally. By taking over at a mere 8.2x P/E, it would be a very good buy, but not a good sell at all. Another issue which sparks our interest was that the background of the tw...

To capture the feel-good sentiment of local property market, Sunway City Bhd launched its latest integrated mixed development, Sunway Nexis , located at Dataran Sunway, Petaling Jaya. It was launched following the success of Sunway Giza, which open its doors recently. The development is being undertaken by Sunway Damansara Sdn Bhd, with a gross development value (GDV) of RM 500 million . A mixed commercial development sprawling over 5.83 acres Situated at the junction of Persiaran Surian and Jalan PJU 5/1A Located within the main commercial hub in Dataran Sunway Well serviced by a number of highways including NKVE, LDP and SPRINT Modern 3 storey retail shops priced at RM4million and above A 13-storey office suites block, priced more than RM 700,000 each unit A 20-storey flexi office block Source: Sunway City Bhd, Business Times

Forget about the old fixed line internet connections anymore. We have the on-the-go broadband services, which provide almost unlimited boundaries for internet lover to surf anytime anywhere. However, you may not know a very unpleasant scenario is happening in Malaysia (at least I found out now). Although I comment about TM's monopoly status in fixed line internet connection previously, I still prefer Streamyx for its unlimited surfing, lower monthly charges, and stable connectivity. Most importantly, more than one people can online at the same time, without extra fees. Whereas, broadband cannot. Don't know #1 Recently, I moved to a new area, and hopes to subscribe for Streamyx (fixed line internet service provided by TM ). However, I was shock to found out that I cannot subscribe for Streamyx , because my area was under Maxis territory . Wow… Sounds like I am living in the battle-field, where Maxis won the game!!! The reason given was that my area's telephone line is b...

Beware, especially KL people. There is a famous " Ipoh bean sprout chicken rice " which do business in its own way - unethical . And, for your information, this restaurant have many outlets in KL. I am wondering how it can expand so rapid with the experience of mine as below:- The story... Last night, I went for dinner at this outlet in Puchong. Here is my order: One white chicken rice. And, I stressed that I want the " normal " one. One Ipoh chicken Hor Fun. However, it turned out as following: One famous " farm chicken " which cost RM1 more. One Ipoh chicken Hor Fun with beef balls (sure more expensive la...). When I confront with the waitress, who took my order. She said: "Oh... We have changed the menu , and we only have Ipoh chicken Hor Fun with beef-balls or fish-balls. Since we do not have fish balls already, I just give you beef-balls today." Picture by Rasa Malaysia After charging the bill, I complain to the manager. Because, this is not...