Yes. I'm asking you all to invest in Malaysian coins. Coins are more valuable than paper money. Why? Due to the surge in metal prices, the value of the metal in the coin is now worth more than the face value.
1 pound = 0.45359237kg = 453.59237g
From LME
price for 1 pound of copper = USD4.44
price for 1 pound of nickel = USD12.83
Weight for Malaysia 10 cent coins = 2.828g
it contains 75% Cu and 25% Ni or 2.121g Cu and 0.707g Ni
The value of Cu in the coin
= (2.121 / 453.59237) x 4.44
= USD0.02076
= MYR0.06313
The value of Ni in the coin
= (0.707 / 453.59237) x 12.83
= USD0.02000
= MYR0.06082
Total value of the 10 cent coin = MYR0.1239!
This is a profit of 23.9%!
What are you waiting for? I'm not going to use my coins anymore. They are all going into my Milo tin :p
Notes:
1. USD1 = MYR3.0410
2. Malaysia coins specs
Friday, February 18, 2011
Tua Pek Kong vs Najib
The 2011 economic prediction from Tua Pek Kong is as follows (source):
- The country’s economy will fare best in the first four months of the Lunar New Year...
- ... the second trimester would be moderate...
- ... while the remaining months would “not be that good” and businessmen will find it a challenging time.
Sounds like a downhill economy to me. Najib says GDP growth of 6%. Does that 6% includes inflation?
Previous entry for chneah huoy:
Monday, February 14, 2011
Bursa Malaysia Weekly Summary
KLCI Weekly ChartKLCI at around the uptrend support line. I'm expecting a rebound from here. Based on weekly chart, this is just a normal correction.
Sector summary:
| Malaysia | Monthly | Weekly | Daily |
| FBM KLCI | Up | Neutral (-) | Down (-) |
| Finance | Up | Neutral (-) | Down (-) |
| Construction | Up | Neutral (-) | Neutral (-) |
| Plantation | Up | Neutral (-) | Neutral (-) |
| Property | Up | Up | Up |
Thursday, February 10, 2011
Less Post
You may have noticed that as the Malaysian market gets hotter, the frequency of my post gets lower. Well, you don't need anyone to tell you what to buy in a bull market, don't you.
Anyhow, the main reason is that I'm busy with my pet project. Starting up my own company and looking for investor. Still no luck with the investor part yet.
So, expect lesser posting from now onwards. I will try my best to find time for weekly analysis.
Do you notice that junk stocks are flying now? A red flag for us to get notice.
Oh, the frustration of seeing IGB fly, after I let go to buy into YTLPowr which goes down instead! Argghh...double whammy.
Anyhow, the main reason is that I'm busy with my pet project. Starting up my own company and looking for investor. Still no luck with the investor part yet.
So, expect lesser posting from now onwards. I will try my best to find time for weekly analysis.
Do you notice that junk stocks are flying now? A red flag for us to get notice.
Oh, the frustration of seeing IGB fly, after I let go to buy into YTLPowr which goes down instead! Argghh...double whammy.
International Reserves of BNM
| Date | MYR (billion) | USD (billion) |
| 14-Jan-11 | 329.9 | 106.9 |
| 31-Jan-11 | 333.5 | 108.1 |
Source.
Looks like money continues to flow into the country. The strengthening of the Ringgit is good news for the importers but bad news for the exporters. This also benefits those company with large foreign borrowing.
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