Rabu, 16 Januari 2013

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Kenanga initiates Hai-O with 'outperform'

Posted: 16 Jan 2013 07:04 PM PST

Kenanga Research initiated coverage of multi-level marketing firm Hai-O Enterprise Berhad with an "outperform" call, citing the company's strong business prospects.

"We like Hai-O for its strong multi-level marketing business growth that will see it making a substantial growth in earnings," Kenanga said in a research note on Thursday.

Hai-O has a decent dividend yield and has been constantly liquid with a net cash position while its capital expenditure and advertising costs are low, it added.

Kenanga set a target price of RM2.90 per share for the stock. At 1013 (0213 GMT) Hai-O was down RM0.01 at RM2.48 while the benchmark composite index was down 0.02 points at 1682.62. -- Reuters

KL shares open higher

Posted: 16 Jan 2013 06:45 PM PST

Share prices on Bursa Malaysia recovered to open higher, from yesterday's losses, in tandem with gains in regional bourses, dealers said.

At 9.20 am, The FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.25 points better at 1,685.20 after opening 3.26 points higher at 1,686.21.

Elsewhere, US stocks were flat with sentiment remaining cautious in view of the soft global economic outlook while in Japan, shares recovered from yesterday's declines.

On the local front, the Finance Index gained 34.36 points to 15,433.4 and the Industrial Index perked 2.28 points to 2,811.24.

The Plantation Index rose 10.62 points to 8,101.57, FBM Emas Index increased 17.25 points to 11,462.51, FBMT100 added 16.74 points to 11,304.91, the FBM Mid 70 Index gained 26.01 points to 12,461.74 but the FBM Ace Index declined 7.94 points to 4,284.02.

Gainers led losers 139 to 80, while 167 counters were unchanged, 1,270 untraded and 23 others were suspended. Volume stood at 193.4 million shares worth RM79.2 million.

Actives, Patimas Computers was unchanged at 18 sen, Scomi Group gained one sen to 37 sen, Karambunai Corp was unchanged at 12.5 sen and D.B.E Gurney Resources rose half-a-sen to nine sen.

Maybank rose four sen to RM9.08, Sime Darby slipped two sen to RM9.57, CIMB Group declined one sen to RM7.65 and Axiata Group increased two sen to RM6.68. -- Bernama

Kredit: www.nst.com.my

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Obama calls for sweeping new gun laws - CBS News

Posted: 16 Jan 2013 09:33 AM PST

Updated: 12:24 p.m. ET

Setting the stage for what could be the most sweeping political battle over gun control in decades, President Obama today laid out a comprehensive package for reducing gun violence in America, a multi-part plan he says will not only "help prevent mass shootings" but also "reduce the broader epidemic of gun violence in this country."

Speaking to an audience that included family members of those killed a month ago in the shootings at Sandy Hook Elementary School, as well as children who wrote to Mr. Obama in the wake of recent episodes of mass violence, the president acknowledged the difficulties of pursuing stricter legislation on gun laws, but argued that he would use "whatever weight this office holds" to achieve his goals.

"Because while there is no law or set of laws that can prevent every senseless act of violence completely, no piece of legislation that will prevent every tragedy, every act of evil, if there's even one thing we can do to reduce this violence, if there's even one life that can be saved, then we've got an obligation to try," he said. "This is our first task as a society: Keeping our children safe. This is how we will be judged. And their voices should compel us to change."

The president, who was accompanied by Vice President Biden onstage, outlined a series of steps both political and administrative he says would limit access to guns and certain types of ammunition, make mental health care more attainable, and increase federal funds for both research and law enforcement. Invoking the words of children who wrote to him in the aftermath of the Sandy Hook murders, he urged Americans to demand change from Congress -- and "get them on the record" about their positions on his various proposals.

"This will not happen unless the American people demand it," he said.

Among the initiatives outlined in Mr. Obama's plan include universal background checks for gun sales, the reinstatement and strengthening of the assault weapons ban, capping ammunition magazines to a 10-round limit, banning armor-piercing ammunition, providing schools with resource officers and school counselors, putting more police officers on the streets, creating serious punishments for gun trafficking, and ensuring that health insurance plans cover mental health benefits.

The president also outlined a series of 23 executive actions he can take without congressional approval, including measures aimed at making federal background check data widely available, accessible, and maximally effective; staying ahead of the curve on the newest gun safety measures; tracing seized guns and ensuring they don't go back into the hands of dangerous gun owners; making sure schools and other institutions are equipped and prepared for the possibility of shooter situations; aggressively prosecuting gun crime; and improving mental health resources and discourse.

Any effort on behalf of the White House to push new gun laws through Congress is sure to face immense opposition from the gun lobby, which has for years wielded its formidable financial and organizing power to prevent the passage of federal laws that would tighten restrictions on gun ownership. And groups like the National Rifle Association are clearly gearing up to fight the president's recommendations: Early this morning, before Mr. Obama had even unveiled his proposals, the group released an ad calling the president an "elitist hypocrite" because his daughters have Secret Service protection.

The majority of House Republicans, who will set the legislative agenda, have also shown little appetite for most of the new gun laws on the table.

"The assault weapons ban, the magazine limitations, does not solve the problem of gun crime," said Rep. Dave Reichert, R-Wash., a former sheriff, in an interview today with CBS News. "I think you really have to address the mental health issues and that's the first and foremost issue. And then secondly, the laws that we have in this land already need to be enforced."

Despite the obvious hurdles, some gun control advocates believe that a recent groundswell of support for stricter gun laws could exert enough pressure on moderate Republicans to force a vote in the House.

The White House has also pointed to the push for universal background checks as its central priority in this fight. Part of the reason for that, according to the administration, is what Biden called a "surprising" and near-universal emphasis on the subject in his meetings with stakeholders over the past few weeks. But many also believe the background checks could be a more palatable option for some on the right.

Reichert, though he dismissed the effectiveness of the assault weapons ban and caps on high-capacity magazines, called the idea of universal background checks "a part of the total package that should be examined that could make a difference."

"Local laws, gun crime laws, state laws and federal laws, we need to have more emphasis on enforcing those laws, holding people accountable who have committed crimes or about to commit crimes," he told CBS. "We need to gather that information and hold those people accountable that commit gun crimes."

French Troops Move North as Mali Rebels Dig In - New York Times

Posted: 16 Jan 2013 09:31 AM PST

BAMAKO, Mali — French ground troops battled armed Islamist occupiers of a desert village in central Mali on Wednesday, a Malian army colonel said, in the first direct combat between them since France launched its military operation here last week to help wrest this nation back from an Islamic jihadist expansion.

The Malian colonel, who also said his army's ground troops had joined the French forces, reported that they had ringed the village of Diabaly, which Islamist fighters had seized the day before, and were engaged in fighting to extricate them. "It's a very specialized kind of war," said the colonel, who spoke on condition of anonymity. "The town is surrounded."

The ground fighting expanded the confrontation between the Islamists and the French forces, which had been largely limited to aerial assaults since President François Hollande of France ordered an intervention in Mali last Friday to thwart a push to the south by Islamist rebels controlling the north of the country.

The Diabaly battle followed a northward push by a French phalanx of armored vehicles from the capital of Bamako to confront the Islamist expansion. It came as news reports from the region said Islamist militants from northern Mali affiliated with Al Qaeda in the Islamic Maghreb had seized a foreign-run gas field near the Algeria-Libya border, hundreds of miles away, and had seized dozens of foreign hostages in retaliation for the French intervention in Mali and for Algeria's cooperation in that effort.

The developments came soon after Defense Minister Jean-Yves Le Drian of France forecast a protracted campaign to turn back a southward thrust by the rebels from their redoubts in the northern Malian desert.

"We're in a better position than last week, but the combat continues and it will be long, I imagine," he said Wednesday on RTL radio. "Today the ground forces are in the process of deploying," he said. "Now the French forces are reaching the north."

Adm. Edouard Guillaud, the French chief of staff, told Europe 1 television that ground operations began overnight.

He accused jihadists of using civilians as human shields and said, "We refuse to put the population at risk. If there is doubt, we will not fire."

In Paris, Mr. Hollande said Wednesday that he took the decision to intervene last Friday because it was necessary. If he had not done so, it would have been too late. "Mali would have been entirely conquered and the terrorists would today be in a position of strength."

On Tuesday, witnesses in Mali reported, the insurgents had regrouped after French airstrikes and embedded themselves among the population of Diabaly, hiding in the mud and brick houses in the battle zone and thwarting attacks by French warplanes to dislodge them.

"They are in the town, almost everywhere in the town," said Bekaye Diarra, who owns a pharmacy in Diabaly, which remained under the control of insurgents. "They are installing themselves."

Benco Ba, a parliamentary deputy there, said residents were fearful of the conflict that had descended on them. "The jihadists are going right into people's families," he said. "They have completely occupied the town. They are dispersed. It's fear, " he said, as it became

clear that airstrikes alone will probably not be enough to root out these battle-hardened insurgents, who know well the harsh grassland and desert terrain of Mali.

Containing the rebels' southern advance toward Bamako is proving more challenging than anticipated, French military officials have acknowledged. And with the Malian Army in disarray and no outside African force yet assembled, displacing the rebels from the country altogether appears to be an elusive, long-term challenge.

The jihadists were "dug in" at Diabaly, Defense Minister Le Drian said Tuesday at a news conference. From that strategic town, they "threaten the south," he said, adding: "We face a well-armed and determined adversary."

Mr. Le Drian also acknowledged that the Malian Army had not managed to retake the town of Konna, whose seizure by the rebels a week ago provoked the French intervention. "We will continue the strikes to diminish their potential," the minister said.

Adam Nossiter reported from Bamako, Mali, Alan Cowell from Paris and Eric Schmitt from Washington. Reporting was contributed by Steven Erlanger and Scott Sayare from Paris, Julia Werdigier from London, and Elisabeth Bumiller from Madrid.

Kredit: www.nst.com.my
 

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