ASEAN Regional News

[Skyprince]

I've been to India 4 times, but all to the South, and u cannot find great architecture like in the North. Some Indian states are very populous, Uttar Pradesh has nearly 190 million people ( nearly same population as Brazil ) and Tamil Nadu ( 65 million-same as Thailand )
And despite being colder and less vegetative compared to South, I prefer North Indian Cuisine than South.

Among all ASEAN countries I visited, I found Thai cuisine the most familiar to Malaysian food. Khmer/Cambodian cuisine also look pretty similar to us. I found most Indonesian cuisine ( except most of Sumatra-origin ) very exotic and largely "different" from anything we can find in Malaysia. Filipino cuisine is totally another world, very hard to find any similarity at all ( except if coming from Sabah )

[CarltonHill]

Originally Posted by xxxriainxxx

My most favourite ASEAN dishes (excluding Philippine dishes):

Vietnam

Bahn Cuon

I like this one too...

[xxxriainxxx]

Originally Posted by wino

it's not really a downgrade.. it's a CYCLE, it's normal for stocks to go up and down. a stock cannot remain OVERWEIGHT forever. We had been graded overweight for a long time already.

it's just a signal for stock brokers when to buy and when to sell. Right now, it's just neutral. Don't buy, but also Don't sell. (A wait and see period)
When it's Underweight, that means they recommend a SELL OFF.

Exactly, so the writer wasn't thinking when Morgan Stanley said it will 'downgrade'. After several record highs, it's but natural that PSE is bound for another market correction. Correct?

Originally Posted by Skyprince

I've been to India 4 times, but all to the South, and u cannot find great architecture like in the North. Some Indian states are very populous, Uttar Pradesh has nearly 190 million people ( nearly same population as Brazil ) and Tamil Nadu ( 65 million-same as Thailand )
And despite being colder and less vegetative compared to South, I prefer North Indian Cuisine than South.

Among all ASEAN countries I visited, I found Thai cuisine the most familiar to Malaysian food. Khmer/Cambodian cuisine also look pretty similar to us. I found most Indonesian cuisine ( except most of Sumatra-origin ) very exotic and largely "different" from anything we can find in Malaysia. Filipino cuisine is totally another world, very hard to find any similarity at all ( except if coming from Sabah )

Sabah cuisine is very similar to Southern Mindanao. Like I said several threads ago, I am not a big fan of Sabah cuisine. Also Philippine cuisine is deeply varied - each region has its own distinct characteristic.

We're opposite though, though I love North Indian cuisine, I think I prefer the South as I enjoyed Sri Lankan cuisine immensely when I was travelling around Sri Lanka. And they said Southern Indian cuisine is similar to Sri Lankan..

When talking about Indonesian cuisine, it's difficult to put it in one single box as there's an extensive diversity of flavours and regional styles. I can't make a sweeping statement since I've only been to Yogyakarta and they are more well known for sweeter dishes.

[hakz2007]

what's the meat ingredients in that Bahn Cuon?

[xxxriainxxx]

Originally Posted by hakz2007

what's the meat ingredients in that Bahn Cuon?

ground pork... but the meat isn't that pronounced as it is overtaken by the flavours of the herbs and the deep fried shallots. I guess, you can make other substitutes.

This is a really great dish and I can eat it all day..

[xxxriainxxx]

Originally Posted by HER

PH fortifies position in booming MRO market
17-Feb-12, 9:57 PM | Eric B. Apolonio, InterAksyon.com



SINGAPORE – The Philippines is fast becoming a hub for the maintenance, repair and overhaul (MRO) business in Asia, with a French company being the latest to sign up for servicing at Clark, a former US military base-turned-economic zone north of Manila.

The growth of the low-cost carrier business model had fueled the global MRO industry, which is expected to expand 4.4 percent a year to US$65.3 billion through 2020. The industry is set to become more competitive, as MRO service providers increase their product offerings in response to airline fleet changes and expansion.

At the 2012 Singapore Airshow on Friday, Assistance Aeronautique et Aerospatiale (AAA), a French company providing on site support and technical assistance for aircraft manufacturers and MRO companies announced the formation of a partnership with a Clark-based maintenance company, Dornier Technology Inc., to provide MRO services for ATR aircraft in the region.

Headquartered in Toulouse, which is the base of the European aerospace industry, AAA has over 20 years of experience in civil, military and business jet programs for all major aircraft manufacturers, including Airbus, Dassault Aviation, Bombardier and ATR.

AAA already sought authorization from the Civil Aviation Authority of the Philippines (CAAP) for an AMO (approved maintenance organization) certificate to operate in Clark.

AAA has extensive expertise with Airbus, either as manufacturing assistance (including A380), customer support and final assembly line (Toulouse).

David Nouvelot, AAA head for China and the Philippines, said the Clark operations is the company’s eight site, after two in France, and one each in Germany, Canada, Spain, Morocco and China.

[hakz2007]

Originally Posted by xxxriainxxx

ground pork... but the meat isn't that pronounced as it is overtaken by the flavours of the herbs and the deep fried shallots. I guess, you can make other substitutes.

This is a really great dish and I can eat it all day..

Thanks

[patchay]

In terms of stocks, there'll always be upgrade and downgrade. There'll always be record highs and record lows. There'll always be inflows and outflows. So don't really care about all these!

But I always wonder how come PSE has low volume and traded value? (look at Jakarta!!) The point is based on traded volume Jakarta is extremely high, thus whenever the markets reach new highs, it would most likely see a very big amount of inflows in nominal terms.

Btw does anyone have latest info on market capitalisation and total number of listed companies?

Stock Market Volume (shares)
Market Current Volume Average Volume 30 days
Singapore 314,441,900 // 393,717,570
Kuala Lumpur 134,132,100 // 127,906,193
Bangkok 4,477,996 // 4,029,947
Jakarta 3,268,947,000 // 3,476,437,633
Manila 95,955 // 123,757
Ho Chi Minh 40,788 // 39,579

Feb 17, 2012
http://www.reuters.com/article/2012/...8DH10L20120217

As at Apr 2011, Bursa Malaysia market cap is around US$438b.

Last year's data courtesy of The Stock Exchange of Thailand Authority:

[xxxriainxxx]

The people who can answer your question will be at the stock market thread.

[patchay]

Any comments about this outlet?



Ben Tanh Market is like the no.1 attraction of Saigon.

[anakngpasig]

@patchay,

PSE market activity yesterday:
Total Volume
9,895,719,853
Total Trades
26,423
Total Value (In Thousands)
8,292,721,831
Advances
123
Declines
56
Unchanged
28

http://www.pse.com.ph/stockMarket/ma...ity.html?tab=0

btw, YTD lowest volume traded in a day was 813,019,310 while largest volume was 15,605,035,720

[SSC-Juan]

2011-2012

[patchay]

Weekender

Patchay finds out more ASEAN flavors around town. First stop - nasi lemak!
Some call this (including the Prime Minister and the ex-Prime Minister) the Best Nasi Lemak in Greater KL... and it is near my home!! So tomorrow I'm having it again...


Nasi Lemak Village Park @ Damansara Uptown, Petaling Jaya City

Their trademark Fried Chicken and high-quality santan fragrant rice.



The curry-powdered fried chicken is better than KFC.




With Beef Rendang.

image hosted on flickr


With Udang Belacan.



With Sambal Petai.



Choose your dish:



The kopitiam cafe...



Busy Busy weekend

image hosted on flickr



In the past there used to be a Filipino-cum-Western cafe near my place, including its trademark Pork Adobo. Not sure whether the restaurant is still there... but let me check out next!!?

[xxxriainxxx]

Great! I will check that out once I move to KL next year. You know I am a huge fan of Nasi Lemak.


Ben Tanh Market in Saigon reminds me of Greenhills in Manila:

[wino]

Originally Posted by xxxriainxxx

Exactly, so the writer wasn't thinking when Morgan Stanley said it will 'downgrade'. After several record highs, it's but natural that PSE is bound for another market correction. Correct?

it's normal for a business news. It's just a term they love to use.

[wino]

Originally Posted by patchay

In terms of stocks, there'll always be upgrade and downgrade. There'll always be record highs and record lows. There'll always be inflows and outflows. So don't really care about all these!

But I always wonder how come PSE has low volume and traded value? (look at Jakarta!!) The point is based on traded volume Jakarta is extremely high, thus whenever the markets reach new highs, it would most likely see a very big amount of inflows in nominal terms.

Btw does anyone have latest info on market capitalisation and total number of listed companies?


As at Apr 2011, Bursa Malaysia market cap is around US$438b.

You are forgetting the MOST IMPORTANT THING to look for at a stock market..

It's not the size at all... It's just SUPERFICIAL.

What's most important is the GROWTH!! If you look at how big Capitalization is in New York, Tokyo or Hongkong, you will be awed, but in terms of growth.. investors likely won't get excited. Actually they are losing money... in ASEAN best example is Singapore, how size of capitalization doesn't equal growth and profit.

Are Companies STILL GROWING? Are Investors MAKING PROFITS?
If you can make a list of how stock markets has grown in the last few months, or year, or decade that will be more useful.

Ever heard of the term "best performing MARKETS?" that is what investors are more keen to know.

[CrazyForID]

just watched nice movie today. and i just want to share to you guys

but only the trailer


because we rarely make a nice movie

[wino]

Since we are talking about stocks... let's take a closer look...

The Philippines was always consistent of being one of the best performing stock market in the WORLD for the past years. I wonder how will it do this year 2012.
We are already OFF TO A GOOD START.

Singapore, despite of lackluster performance for the last 5 years... seems to be heading off a good start this year.
while Jakarta seems to be loosing steam, will they be able to sustain the BULL RUN? (my bet is as good as yours.. )

HERE IS A QUICK SUMMARY HOW REGIONAL STOCKS HAVE BEEN PERFORMING FOR THE PAST YEARS. Let's see which markets have PROVIDED GROWTH to investors
date is based on Feb 17,2012

** Year to date means from January 1,2012
** 3 years ago, stocks are down due to the effect of US recession

Jakarta Stock Exchange Composite Index 3,976.54 (1330.61 3 years ago) (1808.441 5 years ago)
Year To Date: +4.04%
1-Year: +15.98%
3 years: +198.85%
5 years: +119.88%


Philippines Stock Exchange PSEi Index 4,880.71 (1892.23 3 years ago) (3365.53 5 years ago)
Year To Date: +11.65%
1-Year: +30.99%
3 years: +157.93%
5 years: +45.02%


Stock Exchange of Thailand SET Index - 1,129.93 (439.60 3 years ago) (693.61 5 years ago)
Year To Date: +10.46%
1-Year: +18.37%
3 years: +157.03%
5 years: 62.59%


FTSE Bursa Malaysia KLCI Index 1,557.15 (895.23 3 years ago) (1272.87 5 years ago)
Year To Date: +2.03%
1-Year: +6.34%
3 years: +73.93%
5 years: +22.33%


Singapore - FTSE Straits Times Index 3,000.59 (1651.06 3 years ago) (3229.41 5 years ago)
Year To Date: +13.49%
1-Year: +0.80%
3 years: +81.73%
5 years: -7.08%



p.s. I'm getting ready for a road trip later. might visit the thread a few times more later before i leave

[patchay]

Capital Markets

Generally I think Malaysia is more pessimist and conservative as the people really do not see good times ahead (although our economy is generally quite robust now and stock markets are relatively high, therefore it is EXPENSIVE for investors thus less yields!).

Don't be mistaken with stock markets "Growth". I think the bigger reason that we (Southeast Asian markets) are seeing these inflows right now is because developed markets are having some problems. Don't forget capital markets are very liquid and money can easily flow out like the 1997 Asian crisis and somewhere in 2001.

Once those countries come back, then money will flow back to their countries. I think the general public are well aware that things like poor corporate governance, poor balance sheet, illiquid stocks and poor reform measures are still the top things that "BIG" time investors are looking for. And frankly, Southeast Asia is lacking in that as per Bloomberg morning interviews, except for maybe Singapore and to some extent minority shareholding protection in Thailand.

As for Malaysia, our upcoming General Election is also a BIG concern.


Economy:

Frankly as what local economist have pointed out, our growth of 5.1% is quite modest, some say quite disappointing because any growth of less than 7% will not make us a high income nation (GNI per capita +US$15k) by 2020 - that is 8 more years. Our Government reported that GNI per capita as of 2011 have crossed the US$9,100 mark but not confirmed as of now as the Public do not like Praise News.

The only way to offset downside in exports and manufacturing is by increasing growth in other areas - such as Infrastructure/Construction, Public Spending including Administration Costs (such as increasing wages for civil servants) and Services Subsectors via Liberalisation. We are also lucky to have the backups of Commodity Exports to offset manufactured product exports.

The Government wants construction sector to grow 7-8% alone in 2012, but I doubt that figure unless BIG projects are carried out hastily - which is happening now in the MRT project (Proposal - Finalisation - Start Work = took less than 18 months). But we know for sure there'll be roadblocks along the way.

Our upcoming General Election is also a BIG concern.

Time is running out... and like what the Financial Times says the WORLD will not wait for us to reach high income.

[wino]

and that is why, it is MORE important to also look at LONG TERM GROWTH of stocks instead of just looking at SHORT TERM stocks trading. (when choosing a country)

just refer to the 5 years growth of the markets. Just looking at the data, you will realize which MARKETS are really consistent with REAL GROWTH.



Concerning the West, when do you think will "hot money" go back to the west? (FYI - in terms of real growth of stocks, NYSE has been stagnant for the last decade, even Tokyo's)
IMO - not gonna happen in the short term, nor even in the medium term.
So HOT MONEY is to stay in South East Asia for a while (they cannot afford to miss out). ENJOY THE "little" GROWTH while it lasts!!
It's ALL ABOUT TIMING and of course -- which MARKET TO CHOOSE.