Corporate Princess 12 : Gadang's Kok Pei Ling and sister.企业公主系列12 : 嘉登控股郭佩灵郭佩馨

 Ms Kok Pei Ling (right) and sister (left), who are the daughter of Tan Sri Dato' Kok Onn, the Managing Director cum Chief Executive Officer and a major shareholder of Gadang Holdings Bhd - (9261) (GADANG)

Ms Kok Pei Ling, aged 31, joined the Board on 2 January 2013 as an Executive Director. She has been the Company’s Chief Financial Officer since September 2009.

According to website of Gadang. Ms Kok graduated from University of Melbourne, Australia with a Bachelor of Commerce (Finance and Management) Degree in 2003.

She began her career as a consultant for Corporate Recovery and Insolvency in BDO Capital Consultants Sdn Bhd from April 2004 to June 2006. She then joined OSK Investment Bank Berhad as an Associate for Debt Capital Markets from June 2006 to May 2007. Prior to joining Gadang in September 2009, she was the Assistant Manager (Investment Banking) of OCBC Bank (M) Berhad.

Tan Sri Dato’ Kok Onn, a Malaysian, aged 62, joined the Board on 10 March 1997 as the Joint Managing Director of Gadang and was subsequently appointed as the Managing Director cum Chief Executive   Officer on 2 September 1997.

Prior to joining  Gadang,  Tan  Sri Dato’ Kok Onn was the Group Chief Executive Officer of Bridgecon. He was also the founder of Bridgecon Engineering Sdn Bhd (“BESB”), the wholly-owned subsidiary of Bridgecon. The track record of BESB was used to list Bridgecon on the Second Board of the Bursa Malaysia Securities Berhad on 16 November 1994.

Tan Sri Dato’ Kok Onn’s exposure in the construction industry began in 1972 and has been involved in the industry for more than 40 years. 

Tan Sri Dato’ Kok Onn was also the person who transformed Bridgecon from a pure  construction  company to activities involving manufacturing and supply of readymixed concrete, concrete pumping, quarrying, property and resort  development and on international aspect.

Tan Sri Dato’ Kok Onn is an Angel investor where he invested in Green Packet before other venture capital like OSK invested in the company and before it IPO. Now, Tan Sri Dato' Kok onn still a Non-Independent Non-Executive Director of Green Packet Berhad.

企业公主系列11 : 嘉登控股郭佩灵郭佩馨

嘉登控股首席財务员郭佩灵，也是嘉登控股董事经理兼首席执行员丹斯里郭安的女儿。嘉登控股（9261）23April 2014举行股东特别大会，董事经理丹斯里郭安﹝中﹞和他的2位女儿郭佩馨(﹝左)﹞及郭佩灵﹝(右)﹞齐齐亮相。

在马交所上市的嘉登主要业务包括工程与建筑。除了土木工程和一般的建筑工程，也涉及商务产业、工业产业及住宅产业建筑。

同时，嘉登也有产业投资和发展业务，及公用事业建筑与维修等。

嘉登现有工程合约总值为14亿令吉，当中59%或8亿900万令吉，来自首期捷运工程、2亿7800万令吉来自莎阿南医院，以及总值2亿5400万令吉的炼油与石油化工综合发展计划（RAPID）土木工程合约，足以支持未来3年盈收。

丹斯里郭安也是天使投资者,他在其他风险投资者如OSK还没投资已投资绿驰通讯.现在丹斯里郭安也是上市后绿驰通讯非独立非执行董事。

Corporate Princess 11 : Engtex's Ng Chuei Yeen 企业公主系列11 : 勇達集團黃翠瑩

Ng Chuei Yeen 29, is a General Manager in Engtex Properties Sdn Bhd and second daughter of Dato' Ng Hook and Datin Yap Seng Kuan, the Directors of Engtex. She has worked for the company over 6 years. Initially, her immediate superior was not her father,thus, do not required to contact directly with her father and less conflict.

Photo from : China Press Ng Chuei Yeen from a big family. Both her elder and younger sister have their own profession. Other sibling still studying. she oversee property division of the company and believed that parent would be happy that she willing to work in family business.

She major in International Trade and Marketing in Australia, and minor in logistic. She work in a Malaysia base Australian logistic company after graduate.

She like property business and decided to joint her father company when her father decided to venture into property. Despite interested in property, she is still greenhorn in the trade and have to start from fresh. She admitted that she might not brave enough to change lane in middle if not work for her father.

Even already have more than 5 years of experience in the trade. She still feel there is something to be learn. something.

Her parent send her to New Zealand during secondary school and learn how to independent. She stay at her aunt house.

She back to Malaysia to study in a college after secondary school before head to Australia for University study. and then back to Malaysia again to work for an Australian logistic company.

She is the only person among her sibling that have opportunity to study overseas until to date. She feel it is a good experience for her to learn independent.

Excerpt and translated from : China  Press











企业公主系列11 : 勇達集團黃翠瑩

目前在勇達集團旗下房地產發展部門任職的黃翠瑩，在家族企業內上班已有將近5年時間，在工作上也還有其他的頂頭上司，並不是直接向爸爸報備，故較少直接接觸及摩擦。

　

房地產要學的還很多

黃翠瑩生長在一個大家庭，不過大姐及三妹都有本身專業，其他則仍在求學中，至今僅黃翠瑩在公司內協助父親打理房地產發展業務。

　念書時在澳洲選擇主修的科系是國際貿易及行銷，副修物流，畢業后回馬在本地一家澳洲物流公司上班。

　不過，內心深處也非常喜歡房地產業，故當爸爸決定進軍房地產發展時，她決定到爸爸公司上班，重頭學起，目前任職房地產总经理。

　她坦言，儘管對房地產業很感興趣，在此行業她完全是初出茅廬，要學的東西還非常多，若不是在爸爸公司上班，不會有勇氣轉換工作跑道。

　“即使是在此行業已有將近5年，我覺得需要學習的東西還很多，未來希望可以更上一層樓，助公司規模壯大及打響名聲后，也可在房地產也能站穩一席之位。”

　勇達集團業務生產各類喉管、閥門、水喉零件和五金材料，包括製造、批發與分銷，並且還有房產業；黃福則擔任集團董事經理一職。

海外生活養成獨立個性

現年29歲的黃翠瑩指出，目前為止自己有三分之一的人生不在馬來西亞度過，養成她自立、獨立的個性。

　“父母在我中學時期就把我送到紐西蘭求學，住在當地阿姨家中，當年年紀小，一開始到那里很不習慣，但也很快就適應，甚至非常享受當地環境。”

　她指出，中學畢業后曾短暫回馬就讀學院課程，完成后又再度出國，到澳洲留學，后來再回本地，在一家澳洲物流公司上班。

　她指出，目前為止家中姐妹只有她有機會從中學開始就出國念書，覺得是人生中一個重要的體驗，是養成她獨立個性不可忽視的成長過程。

资料来自中国报

Internet billionaires overtake traditional billionaires in Fobes top 3 richest people in China

Jack Ma's personal wealth ballooned to US$19.5bil from US$7.1bil last year after Alibaba's record breaking IPO on the New York Stock Exchange in September - AFP Photo.

Forbes has announced "China Rich" list on Tuesday.

This is first time technology sector commanding the top three spots and taking up half of the top 10 of richest people of China of Forbes.

Jack Ma, founder of e-commerce giant Alibaba, is China's richest person with a fortune of nearly US$20bil. Ma's personal wealth ballooned to US$19.5bil from US$7.1bil last year after his company's record breaking initial public offering (IPO) on the New York Stock Exchange in September, according to the magazine.

Alibaba market capitalization just overtake Walmart and become largest retailer in the world in term of market capitalization.

Robin Li, founder of Baidu, China's version of Google, ranked second with wealth of US$14.7bil. 

Pony Ma of Tencent, parent of China's most popular messaging app WeChat, sat in third place with US$14.4bil.

Traditional industries enterpreneur, Wang Jianlin, whose main source of wealth from property, was knocked out of first place and slipped to fourth this year, the Forbes list showed.

A "challenging" year for the domestic property / real estate sector, the main source of Wang's wealth, has seen his fortune shrink to US$13.2bil from US$14.1bil last year, it said.

Li Hejun of renewable energy firm Hanergy was in fifth place with US$13bil, followed by beverage tycoon Zong Qinghou of Wahaha with US$11bil in sixth and non-ferrous metals firm Amer's Wang Wenyin with US$10bil in seventh.

Another enterpreneur in technology, Lei Jun of rapidly rising mobile phone maker Xiaomi took eighth with US$9.1bil. China's Xiaomi Inc has become the world's third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study. 

He Xiangjian, founder of home appliance maker Midea, took ninth with US$7.5bil.

Richard Liu of e-commerce site JD.com – which competes with Alibaba – was in 10th position with US$7.1bil.

When will technology enterpreneur in other country in Asean commanding the top 3 spot of richest people in their country respectively?

2014福布斯中国富豪榜：马云李彦宏马化腾称霸前三

2014福布斯中国富豪榜发布，前三甲分别是阿里巴巴马云、百度李彦宏和腾讯马化腾。

马云在今年首次摘得中国首富桂冠。电子商务巨头阿里巴巴不久前在纽约证券交易所进行破纪录的首次公开募股(IPO)，使马云赢得全世界的瞩目，其净资产也从去年的71亿美元飙升至今年的195亿美元。

阿里巴巴集团28日喜得七连涨，市值达到2506.74亿美元（约8187亿令吉），超越沃尔玛的2458.47亿美元（约8029亿令吉）。

李彦宏排名第二，净资产从去年的111亿美元增至今年的147亿美元。现年45岁的李彦宏是中国第一大搜索引擎百度的董事长。纳斯达克上市的百度股票在今年屡创新高。通过收购与内部拓展，百度巩固了无线业务，正致力于基于语音和图片识别的下一代搜索技术。

马化腾的财富从去年的102亿美元增至今年的144亿美元，排名也从去年的第五升至第三。借助网络游戏创造的丰厚利润，马化腾将腾讯公司打造成了一家科技巨头，进而又通过即时消息等各种免费服务来推广其游戏。腾讯的即时通信服务微信吸引了近4.4亿用户。过去一年中，该公司还入股物流企业华南城和电子商务公司京东商城加深在电子商务领域的涉足。

福布斯杂志社高级编辑、福布斯亚洲上海分社社长范鲁贤(Russell Flannery)表示：“中国互联网企业家的财富开始赶超诸如保罗•艾伦(Paul Allen)、埃里克•施密特(Eric Schmidt)、杨致远(Jerry Yang)和雪莉•桑德伯格(Sheryl Sandberg)等美国科技界的标志人物。”作为福布斯中国富豪榜制榜人的范鲁贤称：“这告诉我们，在一个电子商务与移动服务将更为普及的时代，中国即便一时超越不了美国，也将与美国角逐这个时代新创财富的很大一部分。”

而中国传统行业的富豪，比如房地产业，则度过了颇具挑战性的一年。在中国房地产开发商步履维艰的这一年，去年的首富、大连万达集团董事长王健林，排名下滑三个位次，降至第四名。其净资产从141亿美元缩水至132亿美元。

可再生能源企业家李河君，其净资产从去年的109亿美元增长至今年的130亿美元，排名第五。他的汉能控股专注于薄膜太阳能技术等替代能源。饮料企业娃哈哈集团董事长宗庆后的名次也有下滑，虽然其净资产保持在110亿美元不变。

小米智能手机神话的缔造者雷军也度过了一个丰收年，以91亿美元净资产实现财富大突破，夺得榜单第八席。

　根据最新行业研究报告，中国的小米科技已经成为全球第三大智能手机厂商，仅次于三星电子和苹果(106.98, -0.36,-0.34%)。小米开始销售手机仅有三年时间。

　与此同时，随着京东商城于今年5月在纳斯达克成功上市，这家在线购物网站的董事长兼CEO刘强东也以71亿美元的净资产攀升至榜单第十位。

京东商城于今年5月在美国纳斯达克挂牌上市。作为京东商城的创始人兼CEO，刘强东的个人财富也随之大幅提升，在富豪榜上的排名也由去年的98位，一跃来到了今年的第10位。

Petroleum price drop below Malaysia subsidy level

Early this month, the Malaysia government made a surprise move to cut subsidies for fuel sold at local pump stations. The move resulted in RON95 petrol and diesel prices rising 20 sen per litre to RM2.30 and RM2.20, respectively.

AmResearch estimate that the breakeven of the global crude oil price is at an average of USD84.80 per barrel if RON95 remains at RM2.30 per litre without government subsidy.

Credit Suisse concurs that if oil prices were to stay at around US$80 to US$83 per barrel on a sustained basis, the government’s petrol and diesel subsidy bill should be eliminated completely in 2015, even without further fuel subsidy reform by the Malaysian Government.

On 25 Oct 2014, The Star reported that Brent crude oil, the benchmark price for products in Europe and Asia, for instance, was quoted at US$84.71 per barrel on Wednesday.

The crony who lobby for petrol subsidy rationalisation mechanism might afraid that the project will be abolish.

Last week, Deputy Finance Minister Datuk Ahmad Maslan still talk about the mechanism. It stir debate among public and NGO (Like FOMCA etc) on how to define high income earner.

Actually, if petroleum price drop below subsidy level of USD84.80. Government able to abolish subsidy and follow market rate. Public can enjoy lower price level of international petrol price.

Then government can abolish the petrol subsidy rationalisation mechanism project and do not required to spend money on the implementation of the mechanism. The debate on who is high income earner become meaningless.

Government use to reduce subsidy when price is increasing, this is foolish and cause the down fall of Abdullah Badawi government in 2008.

In fact , Government should reduce subsidy or abolish it during the falling of petroleum price rather than the other way round. There will be less opposition and resistent during the price fall rather than price increasing.

New York Times columnist Thomas L Friedman stated that oil crash is US secret wars on Russia as US wants its Ukraine-related sanctions against Russia to have more bite. 

Characteristically, Russia has sniffed an American-led plot, with articles in the government press recalling how a sudden and sharp increase in Saudi production in 1985 caused prices to drop so low that the Soviet economy folded, followed by the Soviet state.

This mean the price drop might be prolong and Malaysia government should take this opportunity to abolish subsidy to let market force to determine petroleum price and let the public to enjoy the benefit of low petroleum price immediately.

Malaysia government also do not required to pay crony to develop and expensive biometric and Mycard petrol subsidy rationalisation mechanism.



Update : Hasan Malek: No more RON95 petrol, diesel subsidies from Dec 1

One year after Pos Malaysia international postage rate price hike

Pos Malaysia Bhd increase their international postage rate by nearly 400% on 15 May 2013. 15 Jun 2014 become first anniversary of international postage rate hike.

Pos Malaysia Bhd announced it first quarter 2015 result ended Jun 2014. Net profit drop 44% quarter on Quarter and 35% year on year to RM29million.

The weak result came on the back of weaker revenue from the group’s mail segment, which declined by 4% YoY. This quarter result comprise full quarter of 400% international postage rate price hike whereas last year comprises only half period (15 days) at new price rate, yet the company claim this was due to a higher base in the previous year that was due to volume contributions from the General Election 2013, which on 5 May 2013. It is not sure how general election contribute to higher volume, whereas the company never explain the effect of price hike. Is it contribute to lower volume by 400% price hike? Why revenue decline by 4% when price hike of 400%.

Mail segment’s operating profit fell by 59% YoY when price increase 400% YoY?

In fact, share price of Pos Malaysia Bhd drop substantially in first quarter of 2014. It is Employee Provident Fund (EPF) of Malaysia become net buyer of the counter that provide support of it share price. If not because of EPF. and rebound in second quarter, share price of Pos Malaysia Bhd should be lower than it current price.

In May 2014, Chinese e-commerce giant Alibaba buys a 10.35% stake in rival Singapore's national postal service provider SingPost for S$312.5m ($249m; £148m) to develop its logistics base in South-East Asia.. This cause surge in share prices of two of SingPost associates in Malaysia, Efficient  E Solutions and GD Express.

GD Express has not benefited from being associated with SingPost. Obviously, It seem it never benefited from Pos Malaysia Bhd price hike too. One of beneficiary of Pos Malaysia Bhd price hike, a 7 persons team startup, when interview by Nanyang, MD alex Chong said customer base has growth 10% to 20% to 1,200 customer but revenue has growth 180% from previous year. This mean Pos Malaysia Bhd have lost at least 90 long term customer due to price hike.These are all high volume customer with mail out high volume one a daily basis. As the base is different, it is difficult to estimate how much revenue loss in term of monetary value when a startup growth 180%.

Earlier in March 2014, rumour in the market that Tan Sri Syed Mokhtar eyeing a stake in SP Setia to leverage on it strong brand name in property market as both DRB-Hicom and Pos Malaysia Bhd have large land bank but lack a strong brand name. PNB has denied it received proposal from Syed Mokhtar to acquire it stake in SP Setia. However, the news indicated that it is still long way to go for both DRB-Hicom and Pos Malaysia Berhad to unlock value of their land bank.

Pos Malaysia Bhd has set aside more than RM150 million as capital expenditure (capex) for the financial year ended March 31, 2015 to be channeled towards new areas of postal services, information communication technology infrastructure, upgrading post offices and acquiring new vehicles.

Bursa Malaysia Securities had queried Efficient E-Solutions over the unusual market activity (UMA) in the trading of its shares after a sharp rise in its share price last week. It is surprise that UMA happen to Efficient E-Solution but not another affiliated company of Sing Post in Malaysia, GD Express. 


Previous related post : 

Singapore Post Limited benefited from recent price hike of Post Malaysia Berhad

SingPost acquisition of Axis Plaza heat up competition with Post Malaysia

Robert Kuok's family member appear on Malaysia-China (Guangdong) Economic and Trade Cooperation Conference

Low profile Robert Kuok's family appear on Malaysia-China (Guangdong) Economic and Trade Cooperation Conference in Malaysia during visit by Secretary of the Communist Party of China (CPC), Guangdong Province, Hu Chunhua to Malaysia


Hong Kong base eldest son  Beau Kuok Khoon-chen, youngest son Kuok Khoon Wah and  Singapore base nephew, Kuok Khoon Hong was seen attended the conference

Beau Kuok Khoon-chen (Right)

Yougest son  Kuok Khoon Wah  (left), de-facto PA to Rober Kuok

Kuok Khoon Hong, CEO of Wilmar International


Malaysian richest man, Hong Kong base Robert Kuok was seen as well connected to China authority. At one point, Coco-cola have to appointed Kuok's company as a bottling company in China to get the necessary approval to penetrate China market.

South China Morning Post, who headed by his daughter, Kuok Hui Kwong, has been criticised by grass root of Hong Kong for practise self-censorship for Chinese government, despite they are Malaysian.

Last year, Robert Kuok himself fly back to Malaysia to  announced his donation of RM100mil to build Xiamen University's first overseas campus in Salak Tinggi, Selangor during a lunch with Chinese President Xi Jinping when the latter visited Malaysia .

Market expected to see Robert Kuok himself attended the function this time. He never appear but send his next generation.

Photo from Nanyang

Update : Secretary of the Communist Party of China (CPC), Guangdong Province, Hu Chunhua in Putrajaya

Malaysia Silicon Valley of South East Asia

In 2012, Startup Genome ranked Singapore 17th on World startup ecosystem. Malaysia, was not on the list by the Silicon Valley Startup.

At rhe beginning of the week. CEO of Catcha Media, Patrick Grove  , when interview by The Edge Weekly, claim that while Singapore aggressive promote to become Silicon valley of South East Asia,  he claim Singapore do not have "Internet company" that have over $1billion market capitalization. But Malaysia have 3............ Jobstreet.com, iProperty.com and Myeg.com.

He further claim that we only have 8 internet public listed company in South East Asia, of which 6 are base in Malaysia.

Actually, iproperty.com, a company part own by Patrick's Catcha Media, are listed on Australia Stock Exchange despite their main operation and customer are in Malaysia. However, he only claim "internet company". In fact, if  technology/software company included, not just internet company,.Malaysia have more than 6 technology/software compaies listed on London's AIM, Singapore, Taiwan and New Zealand respectively. Of which Singapore listed's Silverlake Axis, base in Malaysia, have market capitalization of more than 1billion and it is in USD.

Connecting the East and West

Malaysia, with it multilingual talent, make it like Belgium of Asia ( Singapore claim they are Switzerland of Asia).

China's Huawei have set up base in Malaysia's PETRONAS Twin Tower KLCC, of which, Microsoft's Malaysia HQ is base in same building. Huawei expanding it R&D centre in Malaysia recently.

China's Tencent also set up a base in Malaysia to market it Wechat apps.

Partrick's Catcha's Media operate a Malaysia's MSN page. Catcha media also partner of China's Alibaba in South East Asia. It is not sure, Alibaba's Taobao South East Asia operate by Catcha, However, Catcha claim it has been offer a pre-IPO share by Alibaba recently.

Of the top 3 China's internet giant, only Baidu seem do not have present in Malaysia, despite Malaysian contribute a significant portion of search using Baidu.  Baidu oversea venture focus on Japan instead of South Eadt Asia. In fact, Malaysia can be a base for Baidu to venture into huge Indonesia market.

One difficulties is China still close it door. Malaysia still have difficulties to order from Taobao.com and setup account with Alipay until recently.

A social web co-founded by Malaysian base in Canada, Plurk.com ,which very popular in Taiwan  has been restricted by China like Facebook as China have it own renren.com. It doesn't help Malaysia Prime Minister used Facebook in stead of Plurk.com. Plurk.com leading market in Indonesia has been overtake by Facebook since then.

Malaysia have to make China to open it market to company base in Malaysia if it want to become a connecting hub between east and west.

Earlier, London AIM listed Red Media Asia Ltd, announced a reverse take over of Malaysia ACE listed  PUC Founder (MSC) BERHAD. Malaysia base Red Media will tap PUC Founder;s China ties as they will form a joint venture post merger.

The Founder Group, backed by Peking University, is involved in the development of technology for China’s IT, healthcare and pharmaceutical industries.

 

This is like Wipro in India where it also involved beauty, cosmetic healthcare and biotechnology industry.

 

According to the latest available data, the Founder Group owns five public companies listed on the stock exchanges of Shanghai, Shenzhen, Hong Kong and Malaysia, as well as over 20 sole funded enterprises and joint ventures with nearly 30,000 employees.

 

Islamic and middle east

 

Malaysia technology also well received in Middle East's Islamic country. Some company like Scan Associate and IFCA have strong present in Middle East.

 

MOL IPO

 

Malaysia expecting an IPO of MOL, a company that acquired Friendster and after selling some IP to Facebook, held some equity of Facebook.

Update : MaGIC appointed Cheryl Yeoh as first CEO

 

 

 

 

 

Water consumption in Penang was the highest in the country?

Last Wednesday, the Chief Minister said the state government had approved the request of the Penang Water Supply Corporation Sdn Bhd (PBAPP) to conduct a study on increasing water tariffs as the last resort to reduce consumption in the state, which was the highest in the country.

Lim added that water consumption in Penang was currently the highest in the country – at 295 litres per person per day last year, followed by Perlis (241 litres), Labuan (240 litres) and Perak (238 litres).

PBA share price up on news Penang plans water tariff hike last week.

 Air Itam Dam

 

But the question is how they arrived the figure of consumption at 295 litres per person per day ? Even Chief Minister Lim unable to confirm it correctness. Does Penang state government has been mislead by technocrat or NGO to provide rational of higher tariff charge of other states  in the country is anybody guess?

 

Penang have the best water supply management of non-revenue water (NRW) at 17.6 per cent compared with the national average of 36.4 per cent,

 

NRW cannot be just classified as pipes leakages. we cannot discount possibility of water theft. Some state have more than 50% of NRW and average NRW of the country is around 37%.

It is ridiculous for a tiny state like Perlis have more than 66%of NRW. Shouldn't a small state like Perlis able to replace all it pipes if leakages is main reason for NRW? Rumors in the market claim that the state government close one eye on water theft to beneficial the people. If that is the case, why government not just announce a free water tariff for...say... first RM20.00 like in Selangor?
 

 

It is not sure whether NRW included in water consumption calculation. If  water consumption calculation included NRW. I doubt that Penang still the highest per person per day?

If the NRW of Perlis be included  as a calculation of water consumption. Then, Perlis, with 66% of NRW, will be the highest consumption water state in the country. Why NGO just targeted Penang? Because it has the lowest water tariff and other state unable to increase their water tariff if water tariff in Penang remain the same?

 

Further, Penang are a tourist and water sports destination. Does the calculation excluded consumption by tourist? tourist have to take bath after water sports etc. Further, it doesn't help if hawker and other F&B outlet need water not just to serve local but tourist as well.

It seem that Penang state government has been trapped by technocrat and NGO?

 

However, I always though that PBA have the lowest water tariff in the country because of their efficiency. It is surprise to discover that Penang state government provide seven (7) figures subsidy per year to achieve lowest water tariff in the country.

Then why share price of PBA increase after announcement of possible tariff hike! Shouldn't it just a  reduction of state government subsidy and have no impact on bottom line?

 

It seem PBA still have a lot of work to do to further lower it NRW

Profit guarantee to Catcha Media?

RHB Research issue a buy recommendation on Catcha Media on 6 Mar 2014, stating that there is market  capitalisation  mismatch between it Australian listed  27.4%-owned  iCar Asia and Malaysia
ACE listed Catcha Media. However,   iCar Asia still a loss making entity.

The Edge weekly feature Catcha Media two weeks ago base on the same analyst report from RHB .Research.

The Edge further emphasis that the valuation is excluding Catcha Media's e-commerce division, despite never expressly stated it e-commerce business under which company.

Previous media and analyst report show that Catcha Media's e-commerce business is under  Hauteavenue.com and Dealmates.com.

The report stated that Catcha Media has ceased operation of it e-commerce division

Dealmates.com funded by Intel Capital and compete with Catcha Media's partner of vendor of newly acquired says.com, Groupon.com.my. Now, issue of conflict of interest no longer arise if Catcha ceased to operate this division.

However, Catcha Media  acquired Hauteavenue.com at hefty S$5mil (RM12.3mil). I think many e-commerce operator in Malaysia like those selling on eBay and lelong.com.my might dream of any company would acquired their business at RM12.3million. In fact, many ebay seller and lelong.com.my seller are cashflow positive before international postage rate hike by Pos Malaysia Berhad compare to Hauteavenue.com, which is still a loss making entity yet still able to value at  hefty S$5mil (RM12.3mil).

Renown investor Peter Lynch said he never invest in a company if he is not a customer or consumer of that company's product. As Hauteavenue.com sell luxury product, few people want to admitted that they never bought from Hauteavenue.com before. Thus, nobody question the deal and the deal go through without much question from shareholder.

Further, Patrick Grove, founder and CEO of Catcha Media claim there is a profit guarantee of S$1.5mil (RM3.7mil) for the 12 months after the completion of the deal at the time of acquisition of Hauteavenue.com . ( Usually, profit guarantee should be 3 years in stead of just one year)


Now, if the company making loss and ceased operation. Can the vendor just run away with S$5mil (RM12.3mil). Shouldn't Catcha Media recover at least S$1.5mil (RM3.7mil) profit guarantee from the vendor of  Hauteavenue.com ( or S$4.5million if profit guarantee 3 years ) .

Who should be responsible if profit guarantee never executed? Can vendor just runaway with S$5mil (RM12.3mil) and unable to recover even  a small portion S$1.5mil (RM3.7mil) the CEO announced during acquisition!

Catcha Media has been selected as outsourced partner of Mavcap to managed fund invest in Startup in late 2013. It is not sure who would managed the fund? Catcha Media CEO Patrick Grove or  Khailee Ng,  Co-founder and CEO of Says.com,  a unit merged with Catcha late last year.

News report stated that now Khailee Ng  have spend a good chunk of his time as venture partner for 500 Durians, a US$10million micro fund under Silicon Valley's 500 Startups, devoted to investing in South-east Asian Startups. Khailee Ng was entrepreneur in resident for 500 startup at one point.

Report stated that Khailee have since put money behind venture such as App.io, Privy,CompStak, Supply Hog, Noonswoon, Watch Over Me (SecQ.me) and iMoney. App.io and CompStak are US base startup.

If Khailee already handful , then it seem Patrick Grove will be the one who will managed fund outsource from Mavcap. While startup who unable to get funding from traditional financial institution like Patrick Grove approach of growing startup eco-system in Malaysia. Shareholder of Catcha Media hope more corporate governance and fiduciary duty display  towards shareholder of a public listed company. Everybody understand venture investment involve high risk, but there is no gun pointing at your head to force you to announce that the deal come with a profit guarantee. However, if you voluntary announced that the risk have been taken care of. Shouldn't someone be responsible when it is not?

Taiwan Top Fashion Online Brand – Mayuki, enter Malaysia market via Lelong.com.my 台湾東京著衣进入马来西亚,创办人驚傳離婚

Online shopper in Malaysia no longer required to try to order from Taiwan and have to meet their minimum order quantity for oversea shipping, yet have to worried about the parcel being withheld by Malaysia custom if they order too many under one delivery. Malaysian now able to order from Taiwan top fashion online brand, Mayuki.com via Malaysia's Lelong.com.my under Malaysia currency. ( Both Malaysia and Taiwan are controlled currency)

Taiwan Top fashion Brand mayuki.com which have reputation for it variety of choice with reasonable price, has officially entered Malaysia market via lelong.com.my few days ago, their id on lelong is Fashion91. Mayuki.com is one of few operator from Taiwan that have successfully penetrate China's Taobao.com. Many Taiwan Ecommerce operator fail on Taobao not because of lack of business but demand so hugh that they are out of stock within 24 hours.  Mayuki.com are one of the few Ecommerce operator from Taiwan that set up a base in China and have ready stock to fulfil hugh market in China.  Base on the fact that many Taiwan Ecommerce operator unable to fulfil demand in hugh China market. it is unexpected that Mayuki.com have appetite in Malaysia market.

Meanwhile, Privately own Lelong.com.my also quietly entered Indonesian Market. Surprisingly, they do not leverage on lelong.com.my brand consider Indonesian language not entirely different from Malaysia's language.. Their Indonesian site have a new brand call zuperkilk.com.

Unlike Malaysia's lelong.com.my, which popular with electronics appliance product. Indonesian's zuperkilk.com find apparel vertical has much more potential than electronics.

Seller on Lelong.com.my more on Malaysia market whereas seller on ebay.com.my target on overseas market like UK,Australia and US. In short, ebay.com.my yet to penetrate Malaysia market.

Coincidently, few days ago Taiwan media reported that it founder, Chairman and CEO has divorce with each other since October 2013.CEO Mayuki accused her Chairman husband domestic violent whereas her father in law deny it and accused her having an extramarital affair.












台湾東京著衣进入马来西亚

台灣網購女裝第一品牌東京著衣进入马来西亚lelong.com.my. 旗下有東京著衣、Mayuki、YOCO三大品牌

创办人周品均

 

 

前几天, 台湾媒体驚傳创办人董事長鄭景太和執行長周品均，去年10月協議離婚，周品均日前淚訴遭家暴多年鄭父代子喊冤否認家暴，反控是媳婦外遇被徵信社拍到照片