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Essentially, with the uncertainties in Europe continuing amid a potential global slowdown in the economy, we will continue to see market volatility in the next few months. As such, we continue to advise investors to be patient and focus on Defensive counters , while looking out for opportunities to Trade. We continue to advocate Buying into Weakness when the KLCI falls towards the 1,300-pt level, focusing on Banks, O&G and Construction stocks while we advocate Selling into Strength on the same three sectors when the market rallies towards 1,500 pts. Festive Cheer in December? While we remain fairly defensive over the mid term, December may still be a bright spot amid the gloom. There is still a possibility of the traditional year-end rally and the just announced joint effort by various central banks, including the US Federal Reserve, the European Central Bank, the Bank of Japan, the Bank of England, the Swiss National Bank and the Bank of Canada to provide liquidity may just convin...

Before any of you proceed with this piece, I would like for you take 30 seconds to view Texas Governor and GOP Presidential Candidate Rick Perry's latest campaign ad. The link is below. Hail Mary The United States was founded upon the concept of universal tolerance. Tolerance of religion, tolerance of personal choice, even so far as the tolerance of intolerance. Many argue that this foundation is derived from primarily Christian values, I would argue they are basic human tenets. Regardless, our constitution and legal system are converging towards a more tolerant union. To say an ad like Mr. Perry's is intolerant would be a severe insult to its content–it is reprehensible. But beyond the shallow surface, the ad is representative of a certain class of political discourse, concentrated in America's bible belt and championed by the desperadoes of the Republican party. It is a faction that has made its aim to resurrect biblical analysis as a basis for rational litigation. To ...

In contrast, the better-than-expected results of Maybank came mainly from lower-than-expected credit cost and minority interest charged, partly offset by weaker-than-expected non-interest income. In addition, the change in accounting treatment for the recognition of profit equalisation reserve also helped lift earnings. The stronger-than-expected revenue growth of DiGi, on the other hand, came from stronger data and prepaid voice, aided by festivities, as well as improvement in consensus, were above our forecast on account of better-than-expected EBITDA margins on the back of lower other operating costs and supplies & materials expenses, as well as lower effective tax rate. During the quarter, BAT experienced stronger-than-expected industry volume growth, while earnings of Genting Plantations were boosted by stronger-than-expected increase in FFB production. The Under-performers... Sector-wise, earnings of the semiconductor, building materials, construction, motor, transportation, ...

Apple is in hot waters again with the European Union as antitrust regulators have launched a formal investigation regarding its pricing strategies in the e-book market and its possible collusion with publishers to raise e-book prices. Along with the tech giant, five major publishing houses are also listed under formal scrutiny, and they are France’s Hachette Livre, a unit of Lagardere SCA, Gemany’s Macmillan, owned by Verlagsgruppe Georg von Holtzbrinck, U.K.’s Penguin, part of Pearson Group, as well as U.S.’s Harper Collins under News Corp. and Simon & Schuster under CBS Corp. According to officials based in Brussels, the European Commission is probing into whether the six defendants “have engaged in illegal agreements or practices that would have the object or the effect of restricting competition”. The EU investigation might have “sparked from a coordinated effort years ago between Apple and [various] publishers to abolish Amazon’s then-typical $9.99 e-book pricing,” note...

Well, many people already bored with the on-going Europe debt crisis, and subsequently liquidity crisis. This is like what we have seen in 2008 when Lehman Brothers collapses, which drags down the whole financial systems globally through liquidity crisis. The different is between company and country. Maybe some of us doesn't know how this chain effects rattles the global markets. So, let us start here. The European Organisation chart of Debts The root of the problem plaguing the market right now is Europe debt crisis , where Greece and few other European countries were highly in debts. They just simply cannot generate enough revenue (taxes) to support the economy itself. So, they resorted to seek for funding via borrowing by issuing sovereign bonds to finance their day to day operations. However, the debt is piling up intensively after 2008 global financial crisis until recently. Because the government does not have money, their bonds may go into default. So, they were forced ...

Semester Wrap Up: Financial Jeopardy Date: Thursday, December 8th, 2011 Time: 12.30pm - 1:45 pm Location: Tisch 200 Join the Finance Society as we wrap up another great semester with a friendly (but competitive) game of Financial Jeopardy. Bring some friends and form a team to compete with the E-board’s winning team from last year. This event is worth 2 attendance credits (for membership and e-committee) and winners get a prize!

This past week, we were proud to host several professionals from TD Securities - the wholesale banking division of Canadian TD Bank. We had panelists come in from Banking, Sales and Trading, and Credit Divisions to share their personal experiences during the recruitment process, along with many other valuable tips. We kicked off the event with Priya and Zeena presenting our weekly market updates. They discussed some financial headlines, specifically updating us on the equity market and American Airlines’ prospects post-bankruptcy. After our updates, each of the panelists introduced themselves and their respective job segments. They began with some general recruitment tips, such as knowing the company and the job you’re interviewing for, watching out for common resume mistakes, and asking unique and pertinent questions during your interview. They lightened the mood with some brainteasers, teaching us that interviewers care more about your thinking process than the correct answer. Lastly...