2010 challenge

i have lots to blog but never really found the words for it. However, with 2010 coming, i think i will just do what most people do. Set a artificial goal for 2010. What i see for 2010 is the fact that this year will be very defining for my career. First of all, i am at a crossroad. With the current position, i feel that i am no longer building myself up technically. I need to look for a direction where i will learn new things. That is why, i think i need to be championing a roadmap for module engineering. Right now, there just isn't anyone in ATDM with this role. The absense of a champion in that sense is really handicapping ATDM as a robust organisation. We are reacting to every generation of change adhoc. I feel its a real road there. 2010, will be started with a challenge to myself to try to work into this area.

Mentoring

1. Understanding big picture
2. Align to decision to be made.
3. Align objective to decision to be made.
4. Plan activities to support the objectives.
5. Think of lateral constraint to understand how current scheme fit into the organizational need.
6. Make sure support is available.

Ning Ning can starts to point her fingers on things she likes. She also learned to go around obtacles. I can feel that her voice cord is getting some muscles and she is clearly articulating different sounds to make her point. This is exciting time for her. Her mobility is also improving with much faster crawling and walking while holding on to support. I think she is trilled with her ability. Great.

Tomorrow is the start of my one week holiday. Thrilling. Its also thrilling that this quarter i have managed to get a GT up to speed. She still needs help to think about her approach to engineering problem. But she is getting there. Great.

public bank, ytl, airasia

Today, public bank is about 10.40 per share. It is interesting to note in this economic condition public bank has already announced a dividen payment of 30cents per share. If the company announced a 25cents dividen per share as of last year, the bank will have a very interesting dividen yield of 5.3%. This is attractive as it means that it is higher that fix deposit by about 2% point while maintaining good loan growth locally. If interest is to rise in the next two years, it means that public bank will enjoy the loan that it has captured today and turn them into significantly higher profits. I think public bank at this price is a great toll road to be capture.

On YTL, interesting to note that this company has grow its earning by 5x in the last seven years. While this is not as interesting as highly innovative companies, the growth rate is phenomenal and represents a very very interesting growth company with interest all over the world. However, this fact is not appreciated by local investor due to the low profile business YTL is in. For a P/E ratio of 12, this is a bargain for a company that grows five X in seven years. A buy. Continue to accumulate to RM 10000.

Airasia is a stock that ask questions on the investor's skill. The stock is growing great both on the high line and bottom line. The business strategy to grow anxiliarry earning to overcome high fuel cost seems to be working where this earning doubles in the last 12 months. It contributed to 29ringgit per passenger. Considering that air asia's average ticket price is 189 ringgit, this represents about 16% of the ticket revenue. With the management focus to grow this earning to 60ringgit pax, if successful airasia will have a highly innovative low cost model. This stock is dragged down by the high level of dept due to aggressive purchase of aircraft. However, looking at the recent cash flow, the company suffers a deficit of about 20millions. However, this is the slow quarter and also not all the flight to singapore has been introduced. Going forward, there will be a increase in route quality due to increase flight to Singapore. The 20millions deficit should be narrowing or eliminated. I will say a buy at 1.40.

just a thought about share market

What a 'celaka' business! I admit of being a chicken. In five years of investing, i have missed a few golden opportunities. The most recent crisis is an example. Back in December when the market was at its bottomless pit, I did not took the opportunity to buy anything, although the valuation for some companies like Top Glove, IOI Corp, Public Bank were at absurd low. Knowing that these companies had strong track record during good and bad times, it was a golden opportunity to own them. Also knowing the history of the Great Depression, where shares appreciated 30% before any sign of recovery in the general economy, i should have been prepared to make the swoop. But alas, fear of a deeper recession and the market hit even greater low freeze me in my step. Great mistake! The market has recovered almost 25% from December low. What add salt to the wound was i have amass plenty of cash for just this sort of scenario. Moral of the story, have an idea of what stocks you want to buy, at what value and when the storms hit hardest, go for them.

Its a bit of work...

Scan was good. No crack seen on indented units. Still some noise on the scans that could be mistaken as a crack by inexperience operator. Seek expert user help to use the scanner. The current girl did a good job creating the scanning recipe, so far. However, she is inexperience, untrained and in need of better mentoring. Lets hope the expert will help up.

On another note, little Ning Ning is getting strong. She can crawl well now, and learning to stand on her two feet. She enjoy standing, but it will be months before she can walk properly.

durian season. This season has been fun. I purchased these wonderful fruits early. So a month into this season, i have already wobble up more fruits than the whole of last season. The fact that there are less rain in February and March this year helps to retain more flowers on the tree. So we have lots of durian stalls mushrooming along streets in Penang. The price is still a little bit high, but who is would complain for such wonderful taste that leave your mouth feeling the joy hours after having them! So for you fellows who has not go out and get your durian this season, its time to do it.