Stocks 2010

Here are some of the counters in Malaysia that I would like to have or already having them.

These are simply my pick of stocks, I am not spreading the news for my own benefit.

SAPURA CREST, O&G (RM2.50 20/01/10)

- Huge order book RM 15.3 billion

- Competitive advantage in O&G sector

- Attracted Norway billionaire John Fredriken (Seadrill Ltd.)

PUBLIC BANK, FINANCE (RM12.08 20/01/10)

- good dividend payout

- well managed management

EVERGREEN, INDUSTRIAL PRODUCT (RM1.60)

- Fibreboard manufacturer

- top-five fibreboard makers in the world

CIMB, FINANCE (RM13.42)

- Aggresive expanding financial services across Asia

- "Good relationship" with Malaysia government

- biggest corporate activity bank in Malaysia

MRCB, Construction (RM1.61)

- KL Sentral

- Government Link Company

- Experience developer e.g. KL Sentral

Resignation

14 Jan 2010, my wife decided to resign from the company.....

I think this is a good move, even she is jobless now.... she can focus on the kids and their school and nanny for the time being.

Bosses are jumping but I think it's an important move that we can not always putting the company at the 1st place... others are important too - at least for now.

The case is not closed yet, they are still phone calls, email surrounding this issue, hopefully it will be ended peacefully.

Golden Agri-Resources Ltd (S$0.585, Maintain BUY): Executing as per its strategy

CPO pricing remains firm. After staging a nice rebound since

Oct, CPO prices have managed to remain firm above MYR2600/

ton (US$765/ton), aided by both the rising crude oil prices

(above US$80/barrel) as well as concerns that the supply of

edible oil may be affected by the El Nino phenomenon.

Nevertheless, we intend to keep our conservative US$720/ton

average selling price estimate for GAR for this year, as GAR

tends to achieve lower CPO prices vs. spot market rates, where

its average rates could be reflecting 3-month old market rates.

On the other hand, due to the recent re-rating of CPO stocks,

we are raising our valuation multiple from 14x to 16x FY10F

EPS, resulting in a fair value of S$0.66 (previous: S$0.58).

Maintain BUY.

CCY exchange rate as at 4/1/2010

CCY Exchange Rate

Exchange Rates in Malaysian Ringgits
Australian Dollar (AUD)	3.0847
British Pound (GBP)	5.4906
Chinese Yuan Renminbi (CNY)	0.4974
Euro (EUR)	4.8992
Singapore Dollar (SGD)	2.4294
US Dollar (USD)	3.3971
Rates as of 4/1/2010

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