Insiders Selling to lock in their gains during this bull market.

Date Announced	22-May-13
Changes in Share Holdings
Company		Shrs Acquired/	Director/Substantial Shareholder	Shrs held
		(Disposed)		after Changed
ALLIANCE FINANCIAL GROUP BERHAD	AFG	(909,000)	Employees Provident Fund Board	190,793,140
		81,000
ALLIANCE FINANCIAL GROUP BERHAD	AFG	(24,400)	Mitsubishi UFJ Financial Group, Inc ("MUFG")	80,532,807
ALLIANCE FINANCIAL GROUP BERHAD	AFG	(3,400)	Mitsubishi UFJ Financial Group, Inc ("MUFG")	80,529,407
ALLIANCE FINANCIAL GROUP BERHAD	AFG	(300,000)	Employees Provident Fund Board	191,111,240
		618,100
ALLIANCE FINANCIAL GROUP BERHAD	AFG	2,900	Mitsubishi UFJ Financial Group, Inc ("MUFG")	80,532,307
AIRASIA BERHAD	AIRASIA	4,000,000	Employees Provident Fund Board	231,549,000
MALAYSIA AIRPORTS HOLDINGS BERHAD	AIRPORT	(7,700)	Employees Provident Fund Board	135,171,520
AL-`AQAR HEALTHCARE REIT	ALAQAR	1,311,400	Lembaga Tabung Haji	57,761,356
AMMB HOLDINGS BERHAD	AMBANK	(81,100)	Employees Provident Fund Board	331,972,457
		2,928,900
BENALEC HOLDINGS BERHAD	BENALEC	(2,782,000)	Kumpulan Wang Persaraan (Diperbadankan)	53,064,600
BIMB HOLDINGS BERHAD	BIMB	659,000	Employees Provident Fund Board	97,370,700
BINTULU PORT HOLDINGS BERHAD	BIPORT	(293,900)	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)	38,792,300
BOILERMECH HOLDINGS BERHAD (ACE Market)	BOILERM	(668,800)	Leong Yew Cheong	38,877,412
BURSA MALAYSIA BERHAD	BURSA	(5,800)	Mitsubishi UFJ Financial Group, Inc. ("MUFG")	27,869,258
		42,400
CIMB GROUP HOLDINGS BERHAD	CIMB	(1,354,400)	Employees Provident Fund Board	877,827,032
		1,186,000
CIMB GROUP HOLDINGS BERHAD	CIMB	(433,900)	Mitsubishi UFJ Financial Group Inc (MUFG)	794,785,177
CAPITAMALLS MALAYSIA TRUST	CMMT	(750,000)	Employees Provident Fund Board	165,943,600
DIALOG GROUP BERHAD	DIALOG	2,500,000	Employees Provident Fund Board	372,190,035
DIGI.COM BERHAD	DIGI	(1,014,600)	Employees Provident Fund Board	1,201,738,740
DOLOMITE CORPORATION BERHAD	DOLMITE	278,970	HUANG JEN SOONG	9,074,073
DRB-HICOM BERHAD	DRBHCOM	500,000	EMPLOYEES PROVIDENT FUND BOARD	146,287,600
EASTERN & ORIENTAL BERHAD	E&O	311,600	CIMB COMMERCE TRUSTEE BERHAD	59,504,000
EASTERN & ORIENTAL BERHAD	E&O	8,351,900	CIMB COMMERCE TRUSTEE BERHAD	67,855,900
FELDA GLOBAL VENTURES HOLDINGS BERHAD	FGV	342,000	EMPLOYEES PROVIDENT FUND BOARD	299,986,370
FELDA GLOBAL VENTURES HOLDINGS BERHAD	FGV	(105,000)	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)	253,079,800
GENTING PLANTATIONS BERHAD	GENP	(5,000)	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)	46,545,700
GENTING PLANTATIONS BERHAD	GENP	(200,000)	EMPLOYEES PROVIDENT FUND BOARD	116,458,200
HAP SENG CONSOLIDATED BERHAD	HAPSENG	(8,935,100)	Gek Poh (Holdings) Sdn Bhd	1,272,992,880
HAP SENG CONSOLIDATED BERHAD	HAPSENG	(8,935,100)	Hap Seng Insurance Services Sdn Bhd ["HSIS"]	108,481,780
HONG LEONG BANK BERHAD	HLBANK	80,000	Employees Provident Fund Board	260,375,772
HOCK SENG LEE BERHAD	HSL	263,400	Employees Provident Fund Board	56,128,560
HAP SENG PLANTATIONS HOLDINGS BERHAD	HSPLANT	(2,916,000)	Gek Poh (Holdings) Sdn Bhd	424,240,000
HAP SENG PLANTATIONS HOLDINGS BERHAD	HSPLANT	(2,916,000)	Hap Seng Consolidated Berhad	424,240,000
ICAPITAL.BIZ BERHAD	ICAP	129,200	City of London Investment Management Company Ltd	12,781,900
IGB CORPORATION BERHAD	IGB	(175,100)	Employees Provident Fund Board (EPF)	92,544,122
		193,400
IHH HEALTHCARE BERHAD	IHH	1,043,900	Employees Provident Fund Board	530,355,000
IJM CORPORATION BERHAD	IJM	(123,300)	Kumpulan Wang Persaraan (Diperbadankan)	102,766,280
		200,000
IJM CORPORATION BERHAD	IJM	(500,000)	Employees Provident Fund Board	154,793,489
		100,000
IJM LAND BERHAD	IJMLAND	(174,200)	Employees Provident Fund Board	75,870,300
KUALA LUMPUR KEPONG BERHAD	KLK	31,500	Employees Provident Fund Board	162,743,138
MAH SING GROUP BERHAD	MAHSING	175,000	Employees Provident Fund Board ("EPF")	103,001,960
MAH SING GROUP BERHAD	MAHSING	(3,000,000)	Kumpulan Wang Persaraan (Diperbadankan)	57,173,866
MAH SING GROUP BERHAD	MAHSING	(3,100,000)	Kumpulan Wang Persaraan (Diperbadankan)	-
MAXIS BERHAD	MAXIS	2,019,000	Employees Provident Fund Board ("EPF Board")	478,710,400
MALAYAN BANKING BERHAD	MAYBANK	(5,698,000)	EMPLOYEES PROVIDENT FUND BOARD	874,025,124
MBM RESOURCES BHD	MBMR	(500,000)	EMPLOYEES PROVIDENT FUND BOARD	58,401,891
		170,000
MICROLINK SOLUTIONS BERHAD (ACE Market)	MICROLN	3,000	Insas Berhad	7,852,400
MICROLINK SOLUTIONS BERHAD (ACE Market)	MICROLN	3,000	Insas Plaza Sdn Bhd	7,852,400
MISC BERHAD	MISC	(34,300)	Employees Provident Fund Board	426,309,958
MISC BERHAD	MISC	(811,700)	Employees Provident Fund Board	426,442,158
MISC BERHAD	MISC	(97,900)	Employees Provident Fund Board	426,344,258
MK LAND HOLDINGS BERHAD	MKLAND	(8,700,000)	KASI A/L K L PALANIAPPAN	268,134,415
MNRB HOLDINGS BERHAD	MNRB	(255,200)	AMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA	101,423,000
METRONIC GLOBAL BERHAD	MTRONIC	(8,000,000)	Ling Yew Kong	37,355,000
NESTLE (MALAYSIA) BERHAD	NESTLE	(32,200)	Employees Provident Fund Board	23,404,200
NESTLE (MALAYSIA) BERHAD	NESTLE	(1,200)	Employees Provident Fund Board	23,403,000
NESTLE (MALAYSIA) BERHAD	NESTLE	(5,000)	Employees Provident Fund Board	23,398,000
NYLEX (MALAYSIA) BERHAD	NYLEX	227,800	Pacific & Orient Berhad	85,356,388
NYLEX (MALAYSIA) BERHAD	NYLEX	227,800	Chan Thye Seng	85,356,388
NYLEX (MALAYSIA) BERHAD	NYLEX	227,800	Mah Wing Holdings Sdn Bhd	85,356,388
NYLEX (MALAYSIA) BERHAD	NYLEX	227,800	Mah Wing Investments Limited	85,356,388
ORIENTAL HOLDINGS BERHAD	ORIENT	2,100	Aberdeen International Fund Managers Limited	46,725,100
ORIENTAL HOLDINGS BERHAD	ORIENT	36,100	Aberdeen International Fund Managers Limited	46,761,200
ORIENTAL HOLDINGS BERHAD	ORIENT	2,100	Aberdeen Asset Management Asia Limited	54,222,700
ORIENTAL HOLDINGS BERHAD	ORIENT	36,100	Aberdeen Asset Management Asia Limited	54,258,800
ORIENTAL HOLDINGS BERHAD	ORIENT	2,100	Aberdeen Asset Management PLC and its subsidiaries	66,145,200
ORIENTAL HOLDINGS BERHAD	ORIENT	36,100	Aberdeen Asset Management PLC and its subsidiaries	66,181,300
PANASONIC MANUFACTURING MALAYSIA BERHAD	PANAMY	2,000	Mitsubishi UFJ Financial Group,Inc ("MUFG")	6,073,000
PANASONIC MANUFACTURING MALAYSIA BERHAD	PANAMY	700	Aberdeen Asset Management PLC and its subsidiaries	8,731,800
PANASONIC MANUFACTURING MALAYSIA BERHAD	PANAMY	2,000	Aberdeen Asset Management PLC and its subsidiaries	8,733,800
PANTECH GROUP HOLDINGS BERHAD	PANTECH	(1,200,000)	GL MANAGEMENT AGENCY SDN BHD	79,895,960
PANTECH GROUP HOLDINGS BERHAD	PANTECH	(1,200,000)	DATO’’ GOH TEOH KEAN	79,895,960
PANTECH GROUP HOLDINGS BERHAD	PANTECH	(1,200,000)	DATIN LEE SOCK KEE	79,895,960
PARKSON HOLDINGS BERHAD	PARKSON	(559,300)	Kumpulan Wang Persaraan (Diperbadankan) ("KWAP")	55,968,954
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Guoco Group Limited	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	GuoLine Overseas Limited	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	GuoLine Capital Assets Limited	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Hong Leong Company (Malaysia) Berhad	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	HL Holdings Sdn. Bhd.	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Tan Sri Quek Leng Chan	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	GLL (Malaysia) Pte. Ltd.	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Pembinaan Sri Jati Sdn. Berhad	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Bedford Development Sdn. Bhd.	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	GuocoLand Limited	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	GuocoLand Assets Pte. Ltd.	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Hong Realty (Private) Limited	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Hong Leong Investment Holdings Pte. Ltd.	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Kwek Holdings Pte. Ltd.	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Kwek Leng Beng	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Davos Investment Holdings Private Limited	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Kwek Leng Kee	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	Quek Leng Chye	-
PASDEC HOLDINGS BERHAD	PASDEC	(1,750,200)	GuocoLand (Malaysia) Berhad	-
PUBLIC BANK BERHAD	PBBANK	(1,925,900)	Employees Provident Fund Board	461,040,381
		130,000
PETRONAS CHEMICALS GROUP BERHAD	PCHEM	950,000	Employees Provident Fund Board	1,012,690,800
PETRA ENERGY BERHAD	PENERGY	(1,241,000)	Lembaga Tabung Haji	22,299,412
PERISAI PETROLEUM TEKNOLOGI BHD	PERISAI	(2,005,200)	EMPLOYEES PROVIDENT FUND BOARD	61,793,000
PERISAI PETROLEUM TEKNOLOGI BHD	PERISAI	1,600,000	EMPLOYEES PROVIDENT FUND BOARD	63,393,000
PETRONAS DAGANGAN BHD	PETDAG	(80,000)	Employees Provident Fund Board	73,440,900
PETRONAS DAGANGAN BHD	PETDAG	41,900	Employees Provident Fund Board	73,482,800
PETRONAS GAS BERHAD	PETGAS	(44,000)	EMPLOYEES PROVIDENT FUND BOARD	266,966,400
		222,000
PETRONAS GAS BERHAD	PETGAS	(150,900)	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)	104,779,600
		36,900
POS MALAYSIA BERHAD	POS	(300,000)	Employees Provident Fund Board	41,467,800
PRICEWORTH INTERNATIONAL BERHAD	PWORTH	(4,500,000)	Lee Kian Vui	9,648,150
SIME DARBY BERHAD	SIME	(454,400)	Employees Provident Fund Board	809,389,455
		1,249,800
SAPURAKENCANA PETROLEUM BERHAD	SKPETRO	(816,400)	Employees Provident Fund Board	679,584,689
		1,150,000
SKP RESOURCES BHD	SKPRES	(9,000,000)	DATO’’ GAN KIM HUAT	525,424,291
SKP RESOURCES BHD	SKPRES	(9,000,000)	RENOWN MILLION SDN BHD	175,246,075
S P SETIA BERHAD	SPSETIA	200,000	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)	129,158,850
S P SETIA BERHAD	SPSETIA	1,850,000	Employees Provident Fund Board	128,666,230
S P SETIA BERHAD	SPSETIA	(671,200)	Mitsubishi UFJ Financial Group, Inc ("MUFG")	133,161,400
SUNWAY REAL ESTATE INVESTMENT TRUST	SUNREIT	(845,000)	Employees Provident Fund Board	318,304,300
		250,000
TASEK CORPORATION BERHAD	TASEK	5,000	Mitsubishi UFJ Financial Group, Inc ("MUFG")	14,851,759
TH PLANTATIONS BERHAD	THPLANT	1,480,200	Employees Provident Fund Board	47,855,400
TELEKOM MALAYSIA BERHAD	TM	249,900	Employees Provident Fund Board	480,700,300
TOP GLOVE CORPORATION BHD	TOPGLOV	(809,200)	Kumpulan Wang Persaraan (Diperbadankan)	-
TRIPLC BERHAD	TRIPLC	(6,488,295)	Gempur Likas Sdn Bhd	-
TRIPLC BERHAD	TRIPLC	(6,488,295)	Ho Kim Shing	-
TRIPLC BERHAD	TRIPLC	(6,488,295)	Md Zahary Bin Malek	-
TRIPLC BERHAD	TRIPLC	4,000,000	Minat Bakti Sdn Bhd	4,000,000
TRIPLC BERHAD	TRIPLC	4,000,000	Aidil Bin Abdul Aziz	4,000,000
TRIPLC BERHAD	TRIPLC	4,000,000	Ruzlan Bin Rahmat	4,000,000
UNITED MALACCA BERHAD	UMCCA	12,800	Aberdeen Asset Management PLC and its subsidiaries ("The Group&qu	29,152,050
UNITED MALACCA BERHAD	UMCCA	7,300	Aberdeen Asset Management Asia Limited	16,112,350
UNITED MALACCA BERHAD	UMCCA	7,300	Aberdeen International Fund Managers Limited	10,912,650
UNITED MALACCA BERHAD	UMCCA	5,500	Aberdeen Asset Management Sdn Bhd	12,989,700
UNITED MALACCA BERHAD	UMCCA	20,600	Mitsubishi UFJ Financial Group, Inc("MUFG")	29,139,250
UMS-NEIKEN GROUP BERHAD	UMSNGB	150,000	Yeo Guik Hiang	4,012,400
UOA DEVELOPMENT BHD	UOADEV	600,000	EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")	79,828,200
UNITED PLANTATIONS BERHAD	UTDPLT	7,600	MITSUBISHI UFJ FINANCIAL GROUP. INC (MUFG)	24,148,000
UNITED PLANTATIONS BERHAD	UTDPLT	19,800	Aberdeen Asset Management PLC and its Subsidiaries	24,167,800
WAH SEONG CORPORATION BERHAD	WASEONG	83,200	Employees Provident Fund Board	45,142,433
WCT BERHAD	WCT	(2,500,000)	Kumpulan Wang Persaraan (DiPerbadankan)	64,933,210
WCT BERHAD	WCT	(300,000)	Employees Provident Fund Board	123,708,430
WHITE HORSE BERHAD	WTHORSE		Teo Kim Tay	12,559,015
WHITE HORSE BERHAD	WTHORSE		Teo Kim Lap	12,533,027
WHITE HORSE BERHAD	WTHORSE		Teo Swee Teng	13,498,593
YTL CORPORATION BERHAD	YTL	(3,312,300)	EMPLOYEES PROVIDENT FUND BOARD	789,297,047
YTL POWER INTERNATIONAL BHD	YTLPOWR	(3,000,000)	EMPLOYEES PROVIDENT FUND BOARD	586,482,916

5 Steps to Creating a Sustainable Competitive Advantage

Whether you’re pitching investors or launching a new product, success is more likely if you can create and communicate a sustainable competitive advantage.

Being first to market isn’t enough, as someone bigger with something better will come along and leave you in the dust. And it doesn’t matter if there isn’t a product in the market that’s exactly the same as yours. If another company is solving the same pain you’re addressing, for the same customers – they are competition.

While creating a sustainable competitive advantage is not easy, the following will help ensure you get and remain ahead of the field.

1. Establish Brand Loyalty. Customers will often remain with a brand they have loyalty towards, even though the company does not offer the cheapest or most effective product. Focus on building strong relationships with your customers and delivering a great customer experience and service.

2. Patent Your Product. There has been a lot of debate recently about the true value of a patent. While patents are not a ‘cure all’, they are an important weapon in an entrepreneur’s competitive advantage arsenal.

3.  Continually Innovate. Customers like updates and upgrades. Keeping your product fresh and compatible with the market place (particularly if software), is essential.

4. Hire ‘Connected’ Team Members. If your market includes large companies and government departments, connections to key individuals within these organizations can dramatically accelerate your ability to meet and secure contracts. Try to have at least one member on your team who is ‘connected’.

5. Use Long Term Contracts and Incentives.  This step has to be executed carefully, as it can backfire. If you can establish a long term contract with your customer, then clearly they are less likely to switch to a competitor. If you only offer long terms contracts, however, and your competitors are offering short terms contracts, then you are likely to lose business.

Ideally you want to incentivize your customers to enter into a long term contract with you, possibly by providing a slight reduction in cost or a bonus. Equally, customers are more likely to be willing to enter into a long terms contract if they have just completed a successful short term contract with you.

http://www.thepitchclinic.com/entrepreneurs/5-steps-to-creating-a-sustainable-competitive-advantage

Identifying Durable Competitive Advantages by Analyzing Financial Statements.

Part one: Finding Durable Competitive Advantages by Analyzing the Income Statement

Part two: Finding Durable Competitive Advantages through the Balance Sheet

Part three: Finding Durable Competitive Advantages through the Cash Flow Statement

Reference:
The Value Investing Blog
http://www.oldschoolvalue.com/stock-valuation-spreadsheet.php

Warren Buffett and Durable Competitive Advantage

Warren Buffett repeatedly emphasizes that an investor must invest into a company that offers a durable competitive advantage. Any company that has a durable competitive advantage is likely to be able to maintain its profitability over a long period of time. Competitive advantage is meant to signify that the company must have a product or service line that is distinctively unique. However, a unique product or service does not make a company financially sound. Rather it is a durable competitive advantage that ensures that the company would be able to maintain its competitive advantage over a long period of time. The product and service must enjoy a competitive advantage such as through the existence of a brand name or through a patented, natural or regional monopoly. Firms also enjoy a competitive advantage if they offer high quality products and are able to develop customer loyalty.

Warren Buffett states that any business that enjoys a durable competitive advantage is likely to have a long history of profitability that is based on a narrow range of products or services. A company that has a competitive advantage is likely to remain in the industry for the foreseeable future. The fact that the organizations products are profitable would mean that their spending on research and development would be minimal whereas the company would also not be in need of continuous up gradation. Furthermore, a company that enjoys a high competitive advantage is likely to offer a product that has a rising or stable pattern of demand.

Any company that enjoys a high competitive advantage is likely to be in a monopolistic position within the market. This is because its unique products and services are likely to generate sales due to their high quality and distinct image. This allows the firm to increase prices while still maintain profitability and sales. This is of immense importance to shareholders as increasing sales and returns signal higher returns for the stock owners. Furthermore, competitive advantage allows a business to refrain from entering into price battles with other competitors and the company is able to dominate the market. The competitive advantage allows the firm to lead the market and generate high profits from the stable product line. Finally, the fact that the business has a durable competitive advantage would mean that it would be able to maintain the current earnings per share in the foreseeable future.

So how exactly is the durable competitive advantage beneficial to investors like Warren Buffet? Warren Buffet states that any company that enjoys a sustainable competitive advantage is likely to invest a minimal amount into research and development and new plant and equipment. This would free up cash for other investing purposes such as expansion that would allow the business to increase its sales and profitability. The availability of cash is also likely to prevent the company from taking on debt and incurring the cost associated with servicing of debt. A company that enjoys a durable competitive advantage is likely to have high amounts of free cash flow which could be passed on to shareholders in form of high return on equity.

http://www.allvoices.com/contributed-news/13233607-warren-buffett-and-a-durable-competitive-advantage

Portfolio Management

When you start investing in stocks, you will soon have a portfolio of them. And managing your portfolio is just as important as picking the right stocks in the first place. Because if you mismanage your portfolio you could be minimizing your potential returns or end up losing money! 

So always take note of your stock portfolio and here are some guidelines to help you along:

1. This one is straightforward but some beginners neglect to do this - Keep records of all your investment decisions. If you don't keep track, you won't know how much you're making or losing!
2. A portfolio of 5-8 stocks is optimum for the typical investor . Keep within a certain number so your portfolio remains manageable. Too many stocks could result in a lack of proper management and cause losses in your portfolio
3. Monitor a company's' quarterly reports and keep track of their fundamental performance
4. On top of monitoring your stock through financial reports, you should attend the Annual General Meetings (AGMs) to meet a company's management team face-to-face
5. Stay current with world and economic affairs and monitor any news on your stocks and the industry they're in

In a nutshell, managing your portfolio can be summed up in one simple sentence: sell your losers, keep your winners. Sell bad, under-performing investments and cut your losses. Stay invested in good companies and hold on to them, especially if they have good growth potential.

Because let me ask you...

Would you be happy with a 22% dividend yield year after year? That means for every $100 you invested, you're getting $22 back in passive income every year. You don't even have to do anything to make that money; you just sit and wait!

Well, that's what value investing can do for you when you hold on to a winner long enough. Read this article below and it'll show you how:

http://www.millionaireinvestor.com/3-reasons-why-value-investing-is-so-powerful

MillionaireInvestor.com

Buffett: The time to buy stocks is when nobody else wants them

In the recession of 20087 - 2009 we had the opportunity, and for those of us who did venture into that abyss, the rewards were tremendous.

Here is a quote from Warren Buffett during the 1990-1991 recession in the U.S.:

"Nevertheless, fears of a California real estate disaster similar to that experienced in New England caused the price of Wells Fargo stock to fall almost 50% within a few months during 1990.  Even though we had bought some shares at the prices prevailing before the fall, we welcomed the decline because it allowed us to pick up many more shares at the new panic prices.

Investors who expect to be ongoing buyers of investments throughout their lifetimes should adopt a similar attitude toward market fluctuations; instead many illogically become euphoric when stock prices rise and unhappy when they fall."

Lim Kit Siang - A Great Malaysian

Vote for a Better Malaysia 5.5.2013.

The campaigning is over and the stands of the various parties are disseminated by various means.

On this faithful day, let's vote for the government of our choice.

Cast your vote for a better Malaysia.

The issues that are dominant in this election, for me are:

CORRUPTION and good governance,

CRIME

Cost of living issues are very important for many Malaysians too.

VOTE FOR A BETTER MALAYSIA

Be Proactive. You must be the agent for Change

The Danger of Low Dividends

By Morgan House
April 25, 2013 

Earnings among S&P 500 companies are at an all-time high. By quite a bit, too: Operating earnings per share last year were more than 10% above the previous peak set in 2006, when the economy topped out before the recession.

Dividend payouts are also at an all-time high, but there is much less to be excited about here. Companies have been paying out a lower share of their earnings as dividends for decades, and the trend shows little sign of slowing. The dividend payout ratio is pitiful:

Source: Yale, author's calculations.

A lot of this decline over time is explained by companies using more of their free cash flow to repurchase shares. Benjamin Graham's classic 1949 book contains deep analysis and commentary on dividends, but scarcely a mention of share buybacks. That changed dramatically after the 1980s. Legg Masson has shown that from 1985 to 2011, S&P 500 dividends increased fourfold, but share buybacks increased 21-fold.  

The impact this shift has on how investors are compensated is deep. As Shawn Tully of CNNMoney pointed out earlier this year, the dividend yield on ExxonMobil (NYSE: XOM  ) is a little more than 2%, but the total yield including buybacks is north of 7%. Pfizer's (NYSE:PFE  ) dividend yields more than 3%, but with buybacks the company returns 7.6% to shareholders. Wal-Mart's (NYSE: WMT  ) total yield is about double its dividend yield.

There are mountains of evidence showing that, on average, investors are better off with dividends than share buybacks, as CEOs have a terrible history of buying back their shares at nosebleed prices.

But I think the damage of the shift toward buybacks may even be underrated. With interest rates at zero, investors have been clamoring for yield wherever they can find it. For years, that's been stocks with high dividends, whose prices have been pushed to record levels and yields down to near record lows. Shares of Verizon (NYSE: VZ  ) now yield less than 4% and Altria Group (NYSE: MO  ) , less than 5%.

These are still healthy yields, particularly compared with fixed-income alternatives -- and both companies have high dividend payout ratios. But I can't help but wonder whether companies favoring buybacks over dividends will ultimately be a disservice to companies with high dividends. The lack of yield among most stocks drives up valuations at companies that still do provide reasonable payouts, and high current valuations will eat into future returns.

Managers typically cite the desire to "enhance shareholder value" when announcing share buybacks. But never underestimate the power of unintended consequences. 

http://www.fool.com/investing/general/2013/04/25/the-danger-of-low-dividends.aspx

The 3 Cs issues of this election. Which party is addressing these issues?

The 3 top issues to be addressed in this election:

1.  Cost of Living issues
2.  Crime issues.
3.  Corruption issues.


Sadly, in every election, some choose to focus on race and other divisive issues.

http://blog.limkitsiang.com/2013/04/30/dalang-sebenar-mei-13-dibongkar-oleh-dato-mohd-tamrin-ghafar/


So, who is telling the truth?  Are you enlightened or confused?

A hilarious speaker. "A vote for DAP is a vote for PAS. A vote for MCA is a vote for Ibrahim. A vote for MIC is a vote for Zul." VOTE FREELY and WISELY.

Gary Nair at Ceramah Perdana Tmn Free School 21 Apr 2013

@ 7 min
@ 12.20 min

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Mat Sabu - Ceramah 23.04.2013

Mat Sabu - Kenapa isu perkauman dan agama di-permainkan olih pihak yang tertentu

Tun Mahathir menentang kuat RASUAH - Jangan terima rasuah

Mat Sabu juga menentang rasuah. Yang berbeza ia lah persepsi isu agama dan perkauman.

An apology is rewarded with a kiss. Change is in the air. Change for the better.

Yesterday, UMNO president Najib Razak urged Indians to forget the insulting remarks by Zulkifli, claimed that Indians had been warming up to him, and alluded to a photograph of an Indian man clad in BN shirt kissing him on the cheek. 

In the latest development, 104 members of the Shah Alam division of MIC showed their displeasure by quitting the Indians-only party.  

http://en.harakahdaily.net/index.php/headline/7104-indian-kiss-of-death-takes-its-toll-on-bn-with-exodus-from-mic.html

Here is a view of Zul’s apology 

APRIL 22, 2013

How does he imagine all this will help him go against Khalid Samad in Shah Alam and win “101 per cent” in the May 5 general election?

Khalid was the one MP who stood side by side with the Indian community after the cow-head protest in Shah Alam even when it was not the politically smart thing to do.

What did Umno do? They got the cow-head protesters to pose for pictures with their vice-president after explaining the protest against a Hindu temple in Shah Alam.

Put him where he belongs, in the garbage bin of history. 

Read more here:   http://www.themalaysianinsider.com/sideviews/article/zuls-shallow-apology-kunjuraman-karuppan/

In this video, Rafizi Ramli clarifies the difficulty of PR in accommodating Hindraf's requests in an electoral pact.