10 child steps to make one bold move.

Remember when we were born, all we know is to cry. A new born baby is heavily dependent on parent to take good care of him. After 6 month the baby starts to turn his body, in the 7^th month the baby starts to learn to sit on the floor and in the 8^th month the baby starts to crawl and in the first year anniversary, most of toddlers probably can stand and learning to walk. As the growing process continues to accelerate, not realizing that actually the kid not only can run but can mumble a few words such as mama, papa or mumum. These is what I called a bold move which the parents who spend so much time and effort to groom the baby suddenly feel all their efforts are paid off as the toddler can call them mama and papa.

Nothing could take off in a big way if without the child steps taken place. In relation to this simple principle in life, I wish to apply it into two scenarios, self development for individual and business expansion in corporate world.

In this beloved country of Malaysia is lived on with 27 million populations. According to statistic, 30% of the population is between 20 to 45 years old which made up to approximate 8 million people. These 8 million people is deemed the working forces for the country and most likely the bread winner of their own family. In short they are the ones who make money in our society. But from our own observation on people surrounding us, you will realise some of the people could earn money easier than others, of course I m referring to the legitimate means. Let’s just apply the simple 10:90 percent rule, highly likely, 90% of the working forces approximately 7 million people is working for the remaining 1 million people? Really! Is that true do you have any statistic to support? The answer is NO! Deep in your heart, you know this is absolutely correct, you probably choose to deny it as you have not seen the real proof. To give yourself more assurance, just look people around you, how many of them is working for people and who is the unique one that is an entrepreneur! I sure you get the answer now.

Ok, ok! what is there to do with child steps? It simple, this 1 million people who have planned their child steps properly over the years and they have achieved their first bold move or multiple moves in realizing where they are now. the 7 million people are still grappling with their child steps. Going back to the first paragraph, a baby would run if he has not learned to sit, crawl, stand and walk. It is a natural progression that must take place. So there is no easy way out. Don’t not get me wrong, I m not against you working for people. In fact someone always have to work for someone. Everyone in the society is inter-linked. The only question you must ask is what are your child steps for you to progress in your career if you are working for people?

Next, how would child steps apply in business world? All of us know all private businesses are owned by the 1 million people we mentioned above. These people were successful in the planning their child steps that culminated to owing a successful business. Usually a successful business leads to more successful ones. It is true? Let’s put things in perspective, once a business reached a certain size and profitability, the owner will float its business in the stock exchange. The purpose of doing this exercise is to raise public funds for business expansion apart from enriching himself and enroll into the multi-million club. Over-night, the business owner has achieved another bold move in his life. The money he received would have not been made for another 10 years if his business is not floated.

Well, as the saying goes, easy come easy go! The entrepreneur is so excited with its new fresh funds in hand that he can play with. He could have over-confident that another bold move could be achieved in a very short span of time. Now with so much money definitely you could expand your business easily. But this timely round the child steps would have been forgotten! A detail due diligence could has not been performed or expand business to new territory which is not familiar with. After all those are public monies. We have seen many newly IPO businesses and turned bad after just a few years or public funds were used up within short span of time. So no matter how big is the business is and how advance business is, a child step methodology apply all the time. Observe company like YTL, Public Bank, Genting how often do they make a bold move? They have learned the hard way!

KLCI Rebounded @ 20110413_1230pm - Follow up

My prediction was not correct! KLCI has surged added + another 7 points. Look at the LONG candle in the white box. Beyond my prediction, Axiata and CIMB has emerged as saviour. further PChem has also traded above the resistant level of RM7.25. Look like the short term bullish trend will continue tomorrow morning.

Next question, how to improve my observation or prediction of market? if you observe the chart on the regional market, Malaysian market was closed from 1230 to 1430 local time but other regional markets are trading as indicated in the box. During this period all regional market has surged to new high which i believe is the catalyst for the Malaysian Market to surge higher when it started trading at 1430. Looking back at the KLCI chart, the KLCI move up only in the first hour of trading. Something that i missed! Hence, the learning point here is we could deploy a arbitrage strategy here in the second half trading session at KLCI. Great!

KLCI Rebounded @ 20110413_1230pm

Listed above are two 30-minute chart of KLCI and PChem. KLCI has rebounded since the opening bell after last two days of fall. Obviously KLCI's rebound foundation was grounded by the third largest counter by market cap (RM57B) ie PChem. KLCI has added +1.17 points while Pchem has contributed +2.3 points to KLCI.

As the 1230pm, PChem has reached its potential for the day?? PChem will be fighting with a window resistance created on a gap down on 20110412_0930. This is critical, window resistance rarely being broken for the first attempt. Assuming the these event does not happen after lunch, who is the next saviour to further advancement of KLCI? Lets examine the list above:

AMMB + 0.7
Tenaga + 0.5

AMMB is not a market mover without RM20B market cap
Tenaga is reasonably big RM33B, but it is not in a bullish mode.

So what is the conclusion? KLCI should be at the following mode
1. retreat from here (highly likely) or
2. maintain (likely) or
3. advance (not likely - unless a new saviour appear but who?)

Sarawak Election 2011

The Sarawak Election 2011' Poll day will be on 16 April 2011 ie this Saturday. whats the big deal, you may ask! Well it is a big deal for Malaysian Political climate. Malaysian Long-time ruling party Barisan Nasional (BN) has almost lost its simple >50% majority. Where the opposition front (Pakatan Rakyat) has convincingly denied the 2/3 majority of BN which it control for more than 2 decade under the Mahathirism era.

The next question is what is there to do with Sarawak Election? well, the sudden death to cause BN to still won a simple majority was that there were full support from Sarawak people on BN.

Well the wind of change will be blown up again! BN may not be that lucky this time! i like what Dali said in this blog that in the mind of Sarawakian "you peninsular people do it without telling me first, this time i will do it before you!" Hah! remember it may sound a little bit of kids stuff, mind u, looking at the progress in Sarawak for the last 30 years, it wont be surprise that more 70 to 80 % of population (well i dont have any support, just my guess) is still not that well politically educated. On the flip side, BN may continue to win big as Sarawakian especially those from rural area are not that difficult to buy! that explain how Taib could hold on to the political grip for the such a long period of 30 years ok!

Hopefully the wind of change in middle east in Egypt, Libya and others countries could be blown to the State of Hornbill.

Maybank Xinhua08.com

Read in the FT today, Maybank has teamed up with China Xin Hua news agency to set up a news web site. The website will display Malaysian economic news in Mandarin! what a tremendous change in terms of use of Mandarin in Malaysia.

Money and wealth can really do wonders. Imagine that the Malaysian Chinese NGO has been fighting for decades on their rights to promote and use of Mandarin has been always obstructed by various parties. However, when it is promoted by the biggest bank in Malaysia of course with concurrence of Najib, everything seems to be ok.

According to the news, Malaysia has been selected as one of the 11 QDII (Qualified Domestic Institution Investors) allowing Chinese nationals to invest abroad.

So where is Perkasa, isn't it you are suppose to oppose to this idea.

Well, a mega trend on new lingua franca in world is materialising. for the last two century, English was used as the world language. and for the last 50 years, the whole word is learning Japanese as everybody wish to do business with Japan. Now, its Mandarin's turn. Wonder when will Tamil be used as the world language! Interesting isn't!