Sunday, April 25, 2010

Technical Analysis: Bolinger Band Squeeze

MAYBANK (1155)


D&O (7204)

CSCSTEL (5094)




WASEONG (5142)


Recently a lot of stock break up bolinger band squeeze.

Are you spot another potential break up stock???

Maybe you can monitor below stock,

AHealth (7090), Maybank (1155)

Do take note that it might break down as well.

Remarks:

Pls buy at your own risk & consult your broker before buy or sell!




Thursday, April 15, 2010

Tips on how to file your income tax and claim exemptions


EVERY employee when filing the tax return (Form BE) for year of assessment (YA) 2009 on April 30 has to understand the concept of income exemption, deduction and relief in order to maximise the tax benefits available under the Income Tax Act 1967 prior to paying the legally required amount of income tax.

Income Exemption
: Generally, any amount paid by the employer to the employee in relation to having or exercising an employment will be taxed. This refers to employment income such as salary, bonus, gratuity, commission, allowance, director fees and many other forms of remunerations as stated in section 13(1) of the Act.

The Government, however, would from time to time legislate through the Act or gazette order (PU(A) Orders) on the category of income paid by the employer where tax exemption will be granted. This means that such income will be excluded from the income tax computation.

In short, the phrase “income exemption” refers to employment income that is excluded from taxability.

Deduction: Employee can only deduct expenses incurred in carrying out the employee’s duties provided allowance has been received from the employer. This generally refers to travelling allowance, entertainment allowance and meal allowance.

Income tax only imposes tax on net income, ie. after deduction of the required expenses incurred in discharging the performance of the employee’s duties. The amount to be taxed is mathematically computed as follows:

With effect from YA 2008, payments by the employer to the employee in the form of child care allowance, payment of traditional medicine and maternity expenses constitute tax exempt income to the employee. The amount paid in relation to these expenses by the employer is tax deductible against his business income and yet not taxable in the hands of employees.

The relationship between the employer and the employee is illustrated in the above table.
 

If the employee incurred on his/her own child care, medical expenses on traditional medicine or maternity expenses, these expenses are not deductible from the employment income due to the followings:

● no allowance has been received from the employer on these items;

● it is not related to the carrying on of the employee’s work;

● it represents personal expenses which are not permissible under the Act.

The Act only permits the deduction of expenses provided it is incurred “wholly and exclusively” (the sole objective test) in discharging the performance of employees duties as stated in section 33 of the Act.

Tax Planning: Since the expenses are tax deductible to employer, it would be tax efficient for the employee to forgo their bonus in exchange for these benefits as child care allowance, medical expenses on traditional medicine and maternity expenses that are given by the employer to the employee are tax exempt on the employee’s hand.

Alternatively, employer may consider providing these benefits to the employee at the additional cost to the business but it gives employee loyalty to the firm in long run.

Tax relief: The Act provides a list of items deductible from any income earned by a resident individual in order to relief him/her from tax burden. These expenses are essential to provide welfare to an individual and are given to any resident individual irrespective whether he/she is earning business income, employment income or investment income. The resident individual refers to an individual who has been staying in Malaysia for at least six months.

Click
here for the complete article by tax consultant Dr Choong Kwai Fatt from the Faculty of Business, Universiti Malaya, as he takes you through the basic issues on how to file your tax returns before the April 30 deadline.

Source:
http://biz.thestar.com.my/news/story.asp?file=/2010/4/14/business/6027384&sec=business

Tuesday, April 13, 2010

Seminar: Opportunities In Foreign Markets

OSK Investment Bank Bhd, in collaboration with DMG & Partners Securities Pte Ltd and
OSK Holdings Hong Kong Ltd, proudly presents an EXCLUSIVE SEMINAR on the opportunities in foreign markets.

Date: Friday, 23 April 2010
Venue :
Wawasan Open University
Lecture Theatre 1, Level 5,
54 Jalan Sultan Ahmad Shah,
10500 Penang

5.45pm Registration & Dinner
6.30pm Welcome Remarks
6.40pm Precious Metals Trading
- Ms.Mandy Lam
Managing Director – Business Development
OSK Futures Hong Kong Limited
7:10pm Hong Kong Stock Market Outlook
- Mr.Tan Swee Koon
Research Analyst
OSK Securities Hong Kong Limited
7:40pm Singapore Stock Market Outlook
- Mr. Leng Seng Choon
Co-Head of Research
DMG & Partners Securities Pte Limited
8:20pm US Stock Market Outlook
- Mr.Tony Petrilli
CEO, ViewTrade Holdings USA
9.20pm Q & A Session

Kindly RSVP your participation by contacting your Remisers, or call Susen or Ling Ern at Tel: 04-263 4061 on or before Friday, 16 Apr 2010.

* Only registered guests will be allowed.

Saturday, April 10, 2010

KKB update...


5 reason that KKB Engineering Berhad (KKB) will BULLish…

1. 15sen 股息 (Ex - Dividend: 12 May 2010,  The payment of this First and Final Dividend is subject to the shareholders' approval at the forthcoming Thirty-Fourth Annual General Meeting to be held on 11 May 2010. ) 


2. Bonus issue (Will be confirm on forthcoming Thirty-Fourth Annual General Meeting to be held on 11 May 2010) 

3. Share split (Will be confirm on forthcoming Thirty-Fourth Annual General Meeting to be held on 11 May 2010.)

4. 1億9600萬令吉SAMALAJU水供工程

5. 砂拉越再生能源走廊(SCORE)SCORE project


From insider Acquired the stock, i am confident that dividend, bonus, share split will be confirmed on forthcoming AGM. Added, this few days are trade on support level. By next week, is should rebound.

 

Remark:

Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!