When the elephants fight, would palm oil benefit ? I think Wilmar is a must BUY counter now.

(A) Archer Daniels Midland (ADM)
(B) Bunge Limited
(C) Cargill
(D) Louis Dreyfus Group
Wilmar
Yihai Kerry
Toepfer International
COFCO 中粮
中储粮 SinoGrain
来宝集团

以ADM、邦基、嘉吉和路易·达孚为首的国际粮商，早已控制了南美大豆和美国大豆，巴西、阿根廷和美国是世界上三个最主要的大豆生产国。跨国粮商控制了中国的大豆压榨能力后，就形成了原料在国外、加工在中国的布局。

2000年，美国ADM与新加坡丰益公司投资组建了中国最大的粮油集团——益海集团，2006年，丰益国际以27亿美元收购了嘉里粮油，并与其在中国的子公司益海集团合并为庞大的益海嘉里集团。

利用丰富的国际贸易经验和资金优势，目前四大跨国粮商垄断了中国80%的进口大豆资源。据业内人士透露，跨国粮商对中国油脂加工业的渗透还在继续，并且开始向小麦、玉米等领域，以及流通领域渗透。

我国现有97家大型大豆加工企业中，有64家具有外资背景，实际加工能力超过5000万吨，占国内总量的85%。据统计，内资大豆油脂加工企业实际大豆压榨量占全国的比重迅速下降，而外资企业却从9.0%快速提高到了48.0%。

美国等国家从原料上也对中国进行了一场没有硝烟的战争。由于进口大豆价格远低于国内大豆，迫于成本压力，国内企业纷纷采购进口大豆。

据了解，美国、巴西等大豆出口大国大力扶持大豆的发展。从20世纪90年代开始，美国政府每年都拿出190多亿美元补贴大豆。农业机械化使其生产成本较低，加上有政府补贴，其成本远低于我国国内。

由于大豆种植面积减少，而需求量持续上升，因此，我国对进口大豆的依存将长期存在。

2001年中国开放大豆市场，到2007年中国进口大豆总量达到4600万吨，当年全球大豆贸易量仅7500万吨，中国大豆产量仅1400万吨。在加工环节，在国内90多家主要榨油企业中，已经有64家变成了外资独资或合资.

http://www.howvc.com/Html/economy/industryresearch/48322065706.html
http://economy.enorth.com.cn/system/2009/05/26/004052694.shtml
http://mnc.people.com.cn/GB/10177252.html
http://www.cnffi.com/zqsd/2009/1117/131902.html
http://www.cnffi.com/rice/ricenews/2009/0724/101415.html
http://wiki.mbalib.com/wiki/%E4%B8%AD%E7%B2%AE%E9%9B%86%E5%9B%A2
http://my.icxo.com/?uid-244207-action-viewspace-itemid-152855
http://www.yihaikerry.net.cn/
http://www.cnyouzhi.com/
http://blog.icxo.com/

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Emerging-market stocks fell for a second day, Treasuries jumped and credit default swaps surged as Dubai’s attempt to delay debt repayments unnerved investors. European stocks pared declines.

Is Dubai debt concern the last straw for a double dip ?

Markets have been moving due to liquidity with recovery story, i reckon recovery is not on track, but merely restocking that push up the figures.....

If things get worst, make sure you get out from the market ....

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TWST: Do you see any challenges ahead for investors that they should be wary of now?

Mr. Farr: There are always challenges. The market appears to be discounting a normal cyclical recovery in earnings in 2010. This might happen but it might not too given the fact that the U.S. consumer accounts for 70% of GDP and the U.S. consumer has only slightly less debt as a percentage of income as he/she had at the peak in 2007. This raises the question of "Where will actual demand come from once the government stops propping things up?" This only increases our comfort with the large, stable companies that are typically found in our Large Cap Growth portfolios.Two additional risks that I would mentioned. The first is emotional risk, or the risk of making investment decisions emotionally rather than dispassionately. One of my long-standing rules about investing is, if it feels bad, do it. Forget everything you learned in the 70s, if it feels bad, do it. It felt really bad to be buying in March and that's precisely what you should have been doing. It certainly doesn't feel good to be selling right now. I think you probably should be trimming some positions right now, but the best market moves are counter-intuitive when it comes to your emotions. The other risk right now that I think is quite significant is policy risk. Government's involvement in the economy has gotten to a nearly unprecedented level as a result of the historic measures required by the government to keep the U.S. financial system from imploding last year. It's very difficult to judge by any sort of historical norms the influence of all the types of intervention that the Fed, Treasury and Congress have provided to the markets. One thing that we do know is that the government has a lot of debt and that deficits appear to be only getting larger and larger. This can't continue forever. There is a lot of policy risk out there and it's very difficult to judge the cleanest, most conservative ways forward.

http://finance.yahoo.com/news/LARGE-CAP-GROWTH-INVESTING-twst-1066962796.html?x=0&.v=1

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LTH has been accumulating since October.

23/10/2009 Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
16/10/2009 Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
13/10/2009 Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
12/10/2009 Notice of Interest Sub. S-hldr (29A) - Lembaga Tabung Haji

source: Bursa Malaysia

As at 22/10, LTH shareholding is standing at 19,743,200 shares, which is around 6%

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Virtonomics is an online multiplayer business simulation game. Reviewers say that Virtonomics is a "browser game that stands out among others. It is unique in its kind". Virtonomics combines logical and business gaming, business and real economy simulation and economic strategy.

Many business schools and universities recommend Virtonimics as a unique business training simulator for modeling various business strategies and tactics, solving business cases, as well as a unique business community where you can find new business partners and potential employers.

You can start playing for free. "Virtonomics" is for anyone who is interested in economy, business and finance, anyone who enjoys playing online computer games and meeting interesting people. If you want to get a better understanding on how things work in real business Virtonomics could be the best online strategy game for you. You can start your own business and gain management, marketing and other skills. Play online and get the insights on running your own company in an outstanding business simulation browser game.


The main goal in «Virtonomics» is to create a successful business. Players take control of a small business enterprise with aspirations to expand their business by going into trade, production, science research, mining, agriculture and foreign exchange market.

To manage your corporation you'll have to hire and train employees, regulate sales and supplies, monitor your competitors, improve quality of your products, promote your brands, and take part in auctions, amongst other things.

Find out more at http://virtonomics.com/

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