Share market in next 5 years

- A + A KUALA LUMPUR (Aug 9): Green Packet Bhd further reduced its stake in G3 Global Bhd to 4.67%, after selling 40 million shares for RM20 million. These were the warrants that had been converted into shares by Green Packet in May this year. The company converted a total of 305.25 million warrants into shares on May 19. Bloomberg data shows that the latest 40 million shares were sold at five sen each. Earlier, on May 25, Green Packet held a 6.286% stake in G3 Global after selling 150 million shares, also through a direct business transaction. Shares in G3 Global were unchanged at four sen on Tuesday (Aug 9), with a market capitalisation of RM101.59 million. Meanwhile, Green Packet closed unchanged at 5.5 sen for a market value of RM88.17 million. Esther Lee … [Read more...] about Green Packet sells G3 Global shares for RM20 mil

Representative image Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes. The stakes are high for the July U.S. consumer prices report on Wednesday after an unexpectedly strong U.S. jobs data last week boosted expectations of a sharp interest rate increase to tackle soaring inflation. The broader Euro STOXX 600 fell 0.6%, after logging its best session in nearly two weeks on Monday, with German stocks down 0.7%. Miners and autos, among top gainers a day earlier, led declines on Tuesday. Wall Street futures pointed to slim gains. "The focus is on tomorrow's U.S. inflation numbers and whether or not they are likely to show any indication of a softening of inflationary pressures," said Michael Hewson, chief market analyst at CMC Markets. Close "Are we near the peak, and will tomorrow's CPI numbers reflect that?" … [Read more...] about Stocks stumble as caution reigns ahead of U.S. inflation data

To become truly successful at licensing your new product ideas, you must know the industry you're inventing for like the back of your hand. There's no better way of getting to know an industry than by attending its annual trade show. Between the cost of transportation, lodging, and food, it's true that expenses quickly add up. Plan ahead, because there are numerous benefits. In my opinion, these are among the most significant. 1. The inspiration you receive from checking out the new innovation. I can almost guarantee that you will walk away with new ideas for products. Trade shows are exhilarating! You will feel reenergized. 2. Face-to-face meetings. When you can connect with people in your industry with the click of a button over LinkedIn, does meeting in person still have value? Even more, I'd argue. If your goal is to build a long-term working relationship that benefit both parties, there is simply no replacement for shaking someone's hand and looking them in the … [Read more...] about 7 Reasons Product Developers Should Attend Trade Shows

Shark Tank star Aaron Krause -- the energetic inventor and founder of the bestselling sponge Scrub Daddy -- has been releasing new products at a relentless clip this year. First, there was Eraser Daddy , Scrub Daddy's take on the famous eraser material popularized by Mr. Clean. Heat-compressed and dual-sided, Eraser Daddy is designed to last longer. Two months ago, he launched Scour Daddy , which improves upon the typical scouring pad that has remained unchanged for decades. It was quickly picked up by every Walmart in the country. Next up came Screen Daddy , a circular microfiber pad for cleaning your electronic devices that you can conveniently store directly on them. It's currently available in Bed Bath & Beyond as well as Kroger stores. Last month, when Krause debuted Daddy Caddy and Sponge Caddy -- plastic containers for storing Scrub Daddy products -- they completely sold out at Bed Bath & Beyond stores. That's not it. On October … [Read more...] about Want to Invent Best-Selling Products? Innovate Like the Founder of Scrub Daddy

Share to Twitter Share to Linkedin Signet Jewelers, one of the world's largest fine jewelry retailers, said Tuesday that it has signed an agreement to acquire online fine jewelry retailer, Blue Nile, Inc., for $360 million in an all-cash transaction. Signet, in a statement, says Blue Nile delivered revenue of more than $500 million in calendar year 2021. Signet Jewelers , based in Akron, Ohio, currently owns the jewelry brands, Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, Diamonds Direct, JamesAllen.com, in the U.S.; Peoples, H. Samuel, Ernest Jones in the U.K.; and the jewelry subscription service, Rocksbox Calling it a “strategic acquisition,” Signet in its statement says that adding Blue Nile to its portfolio “accelerates Signet's efforts to expand its bridal offerings and grow its ‘Accessible Luxury’ portfolio while extending its digital leadership in the jewelry category.” The company adds that Blue Nile’s customer base is younger, more … [Read more...] about Signet Jewelers To Acquire Blue Nile For $360 Million In Cash

Share to Twitter Share to Linkedin It’s a popular narrative on the Left at the moment to say that members of the Right have an unhealthy disdain for “experts.” Washington Post columnist Catherine Rampell is a notable critic on the matter, but the view here is that her criticism misses the mark. Reasonable members of the Right don’t loathe experts as much as they dislike central control. Reducing all of this to the absurd, let’s imagine for fun that the smartest individual in the United States is none other than our President, Joe Biden. In a nation populated by geniuses, Biden sitting at the top in terms of intelligence wouldn’t alter a simple truth frequently ignored by the expert reverent: there’s arguably not a fraction yet conceived that could properly convey how small Biden’s knowledge would be relative to the collective knowledge of the American people. All of which hopefully explains why markets always and everywhere beat central planning. It’s … [Read more...] about Central Planning Fails Just As Much When Conservatives Are the Planners

- A + A KUALA LUMPUR (Aug 9): Apple has partnered with Ambank, Maybank and Standard Chartered Malaysia to offer its mobile payment services to Malaysian customers. “Customers with Visa and Mastercard cards from banks including AmBank, Maybank and Standard Chartered Bank can now use Apple Pay, with American Express cards to be available with Apple Pay later this year,” the consumer electronic company announced on its website on Tuesday (Aug 9). "Merchants such as KFC, Maxis, Machines, McDonald’s, Mydin, Pizza Hut, Starbucks, U Mobile, Uniqlo, Village Grocer and Watsons — and apps and websites including Shopee, Sephora, Atome and Adidas — now offer customers the ability to pay with Apple Pay." Apple’s vice president of Apple Pay and Apple Wallet Jennifer Bailey said the company is delighted to bring Apple Pay to Malaysia, providing an easier, safer and more secure way to pay with iPhone, Apple Watch, iPad and Mac. “Our customers in Malaysia will benefit from using … [Read more...] about Apple jumps onto Malaysia’s mobile payment bandwagon

- A + A MOSCOW (Aug 9): The rouble firmed towards 60 against the U.S. dollar on Tuesday, retaining support from capital controls and high prices for oil, Russia's key export, while stock indexes were mixed as the market lacked momentum. At 0738 GMT, the rouble was 0.6% stronger against the dollar at 60.40, trading in a range between 59 and 62 for the sixth day in a row. Against the euro, the rouble firmed 1.2% to 61.48 , well above the record low of 132.42 it hit days after Moscow sent tens of thousands of troops into Ukraine on Feb. 24. The rouble is the best-performing currency so far this year as it received a boost from the capital controls Russia imposed to shield its economy and the financial system from sweeping western sanctions. However the rouble may gradually weaken in the near term given the lack of news triggers and the fact that the monthly tax payment period that usually boosts demand for the currency will only start later in August, analyst at … [Read more...] about Russian rouble firms towards 60 vs dollar, stocks mixed

- A + A KUALA LUMPUR (Aug 9): Messrs Mazars PLT has been appointed as the new external auditor of Gabungan AQRS Bhd with effect from Aug 11. Gabungan AQRS said in a bourse filing on Tuesday (Aug 9) that it is of the view that a change in auditor who has served the company for almost 12 years is necessary to heighten corporate governance. Last month, Gabungan AQRS Bhd announced that it has received a notice in writing from its former auditor Messrs BDO PLT on its resignation as auditor of the construction firm and that BDO’s term of office would end after 21 days from July 21. Gabungan AQRS said it has selected Mazars as the new external auditor based on its experience, capability and resources. The selection criteria include the experience of the firm in auditing construction and property development companies, the support services that can be offered by the firm in particular, in taxation and the availability of the firm’s resources. “Gabungan AQRS believes, … [Read more...] about Messrs Mazars PLT appointed as Gabungan AQRS’ new auditor

This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. - A + A WILL it be third time’s the charm for Jardine Cycle & Carriage Ltd, which launched yet another unconditional takeover offer for Cycle & Carriage Bintang Bhd (CCB) on July 14? Jardine’s bid to acquire the rest of the shares in CCB that it does not already own — at an offer price of RM2.70 per share — marks its third attempt at making CCB a fully owned subsidiary. As with the first two exercises, the current offer is expected to fall short, because even though it is higher than the previous offers of RM2.20 per share followed by another at RM2.40, it is still far from the RM4.65 enterprise value (EV) that the main dissenting shareholder Datuk David Goh contends it is worth. In an exclusive interview with The Edge in July last year, Goh said that the underlying value of CCB — one of the largest Mercedes-Benz dealerships in the country — was at … [Read more...] about Suspense over Jardine’s third attempt at CCB privatisation