Recently, CIMB Bank enable one of the most wanted features in CIMB Clicks, Instant Interbank Fund Transfer. As the name imply, the fund will be available immediately in the beneficiary account.

One of the best features is, upon keying in the beneficiary account number, the name of the account holder will be displayed. So you know the money is going to be received by right person.

You will be charged RM2.00 for one times instant transfer and RM4.00 for schedule instant transfer.

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Every beginning of a new year, The Edge Malaysia, make a recommendation on the counters to Watch for that year.

Similar to year 2010, they recommend 10 counters to look for based on its fundamental and share price valuation. The selection also taking into account the stocks liquidity and long terms return.

The Edge stock picks for 2011 are

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Effective from 1st January 2011, all existing and new members of Bank Persatuan are subjected to new maximum limit of share investment. The new maximum limit was approved during Board meeting on 28th December 2009. All previous year limits are no longer applicable.

Below are the details on the new limits.

Existing members

  • Individual members allow to invest additional RM2,000 on top of existing share.
  • Co-operative members allow to invest additional RM20,000 on top of existing share.

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The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) started 2011 at the closing record of 1,533.42 points. Many analysts positive on 2011 outlooks with some targeting FBM KLCI to hit as high as 1710 points.

Below are some of the factors on the positive outlooks.

  • Early general election in 2011
  • More foreign funds coming
  • Impact on 10th Malaysia Plan (10MP) and Economic Transformation Programme (ETP)

The table below is the FBM KLCI 2011 year end target from various research houses or brokers. If you have data from other brokers, kindly leave in the comment fields below.

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K Seng Seng Corp Bhd (KSSC), a supplier of secondary stainless steel products, is schedule to be listed in Main Market on 18th January 2011. The company, was established in 1985 under the name of Vinylon Industries Sdn Bhd. On 20 June 1986, the companny name was changed to K. Seng Seng Sdn Bhd

KSSC’s IPO consists of a public issue of 20 million ordinary shares at an IPO price of RM0.57 per share with RM0.50 par value.

6 million shares will be allocated for the Malaysian public, 9 million shares for identified bumiputera investors and 5.1 million shares for eligible directors, employees and business associates of the group. On top of that 22.2 million shares will be allocated for placement to identified investors.

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