AIG Posts Profit, First Since 2007

Aug. 7 (Bloomberg) -- American International Group Inc., the insurer rescued by the U.S. government, reported its first profit in seven quarters as investment losses narrowed.
Second-quarter net income of $1.82 billion, or $2.30 a share, compares with a net loss of $5.36 billion, or a split- adjusted $41.13, a year earlier, New York-based AIG said today in a regulatory filing. Operating income, which excludes some investment results, was $2.57 a share, beating the average estimate of five analysts surveyed by Bloomberg by $1.07.

Take Profit - RCEcap @ RM0.64

RCECAP AT AN ISSUE PRICE OF RM0.5503 PER SHARE ("PRIVATE PLACEMENT")LISTING'S CIRCULAR NO. L/Q : 54098 OF 2009
Kindly be advised that the abovementioned Companys additional 71,097,134 new ordinary shares of RM0.10 each issued pursuant to the Private Placement will be granted listing and quotation with effect from 9.00 a.m., Monday, 10 August 2009.

Buy Call for MBMR (RM2.35)

FCPO vs Soybean Oil

New Era of Bursa Malaysia

Portfolio - July 2009

“Investors are getting more selective now since equities are no longer cheap,” said Manpreet Gill, Asian strategist at Barclays Wealth, which has $238 billion in assets. “A further correction is possible.”

“Speculation the central bank may take steps to rein in liquidity worried the market,” said Gabriel Gondard, deputy chief investment officer at Fortune SGAM Fund Management Co., which oversees about $7.2 billion in assets. “A lot of people were looking to take profit” after the market gains.

“I can tell you no institutions are getting in at these levels, the valuation is just crazy,” said Chris Tang, chief investment officer at Marco Polo Pure Asset Management in Hong Kong, which oversees about $120 million. “Traditionally IPOs make money, so retail investors are going to try their luck.”

“Bank lending could be tightened in the second half of the year as new lending in the first half is already close to the full-year target,” said Li Jun, Shanghai-based strategist at China Central Securities Holdings Co.

Buy or Goodbye ?!!

Crude Oil is Moving up now

Crude oil climbed to a three-week high on optimism that the U.S. economy is strengthening and that fuel consumption will rebound later this year.

Major Forex Forecasts 2009 - 2010