Isnin, 20 Januari 2014

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Posted: 20 Jan 2014 06:56 PM PST

KUALA LUMPUR: Kenanga Research and RHB Research remain neutral on the automotive industry as they believe the just announced National Automotive Policy (NAP) 2014 initiatives will take several years to come to fruition.

In a sectorial update note, the research firm said the revised policy would have a mild impact on non-national car manufacturers given the Energy Efficient Vehicle know-how, which allows them to enjoy incentives for complete knocked down production in Malaysia.

Kenanga Research also expects a challenging operating landscape given the high penetration rate and maturity of the market.

It said Tan Chong Holdings Bhd stood as the only "buy" stock due to the strong Nissan franchise expansion and long-term regional growth story among others.

Meanwhile, RHB Research said the success of the policy would depend on whether original equipment manufacturers were sufficiently convinced to begin making more significant investments in Malaysia.

"The trickle-down impact to the auto parts industry will take time to materialise," said RHB Research.

While domestic demand will stay resilient, it noted that intense market competition and increasingly price-sensitive consumers could impact margin.

RHB Research retained its "buy" call on DRB-Hicom Bhd, Berjaya Auto Bhd and Tan Chong.

As of 10.45 am, DRB-Hicom added two sen to RM2.79, Berjaya Auto eased three sen to RM1.82 and Tan Chong was flat at RM5.60. -- BERNAMA

'DRB-HICOM a top pick in NAP play'

Posted: 20 Jan 2014 07:05 PM PST

KUALA LUMPUR: HwangDBS Research sees DRB-HICOM as a top stock pick for the automotive sector with a target price of RM3.50 given its with wide range of marques and the credible Proton turnaround plan.

Following the announcement of the NAP 2014 yesterday, the EEV tax incentives for CKD models, new manufacturing licences, various grants/loans are some of the highlights.

The NAP pledged gradual 20-30 per cent car price reduction by 2017, but with no review of the current high excise duties, while the GST to replace sales tax in 2015 may aid in lowering prices.

According to the research house, Honda has the first mover advantage.

Kredit: www.nst.com.my

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Leadership Lessons From Dr. Martin Luther King, Jr. - Reuters

Posted: 20 Jan 2014 08:41 AM PST

Today, we honor the memory of a visionary leader who changed American culture forever. As many people enjoy this long three-day weekend, take some time to really think about the leadership lessons and the legacy that Dr. King left behind.

The larger-than-life leadership lessons that Dr. King gave the world that are as important for entrepreneurs today as they were during Dr. King's life. It's a great way to remember why the banks are really closed today.

Leadership Lesson One: You Must Have Total Commitment to Your Cause

Dr. King was a visionary. He was a man who had a dream bigger than the times in which he lived. That is, after all, what real visionary leaders are all about. His "I Have A Dream" speech brought awareness and humanity to the national consciousness about civil rights in America.

Dr. King's stance on political activism in a non-violent way made him a natural leader and an inspirational figure. He led a social movement of equality during a time when he wasn't supported by most. In fact, he was threatened and despised by many. But he stayed committed to the vision he held. Sadly, his leadership and dream ultimately cost Dr. King his life.

Related: Slideshow: Inspiring Words From the March on Washington

But even when he knew his cause was unpopular and his life was in danger, King remained committed to his vision. He was arrested upwards of 25 times and assaulted at least four reported times.

Are you bringing that kind of total commitment to your cause? I'm not saying to get arrested, but are you bringing that level of intensity and dedication to your work? Dr. King also required his leadership team and followers to participate in nonviolent protest. He felt strongly that violence, even for their cause, was not just.

How are you ensuring your values sync up with your actions?

Leadership Lesson Two: Disrupting the Status Quo is Essential for Change

Dr. King is honored and revered today, but he wasn't embraced by society during his short life. However, Dr. King knew that his dream of equality (even when equality was not popular) was more important than the status quo. His actions backed his vision and he shook up the popular culture of the time. Sometimes doing things completely different is what's necessary for evolution and innovation.

These paradigm shifts are crucial in every aspect of social, cultural and technological change. The same way of thinking always wields the same results. Dr. King never accepted that just because things were a certain way, it made them the right way.

How can you shake up the status quo in your industry? How about in your corporate culture or business values? Be a leader and set the new standard by changing an outdated status quo in your life.

Leadership Lesson Three: Have A Dream... Then Communicate it and do it

"I am happy to join with you today in what will go down in history as the greatest demonstration for freedom in the history of our nation," spoke Dr. King as he began his address at the Washington Monument. Those were tall words for a leader to proclaim across an audience of over 250,000 people. But Dr. King had a dream and he couldn't be silent about it.

How effective is a dream if you aren't communicating it? Do you have a vision for your company? Is it prominently displayed somewhere your staff can easily see? And do you talk about how your actions, campaigns and products back up that vision?

Dreaming without doing is for childhood. Real leaders have big dreams, take big steps to communicate them, and then they go take big actions! Dr. King's actions made him one of the great leaders of the 20th century, Time Magazine's "Man Of The Year" in 1963 and a Nobel Peace Prize winner in 1964. How do you plan to turn your dreaming into doing?

Related: Daymond John of 'Shark Tank' on the No. 1 Thing Entrepreneurs Need

Obama: Pot not 'more dangerous' than alcohol - NBCNews.com

Posted: 20 Jan 2014 09:03 AM PST

By Tom Curry, National Affairs Writer, NBC News

President Barack Obama says smoking pot isn't "more dangerous" than drinking alcohol.

"As has been well-documented, I smoked pot as a kid, and I view it as a bad habit and a vice, not very different from the cigarettes that I smoked as a young person up through a big chunk of my adult life," Obama said in a lengthy profile in the current issue of the New Yorker magazine. "I don't think it is more dangerous than alcohol."

Carolyn Kaster / AP

President Barack Obama talks about National Security Agency surveillance on Friday, Jan. 17, 2014 at the Justice Department in Washington.

Pressed by author David Remnick on the comparison, Obama said he thinks marijuana is less dangerous "in terms of its impact on the individual consumer." But he added, "it's not something I encourage, and I've told my daughters I think it's a bad idea, a waste of time, not very healthy."

Obama also told Remnick that he is troubled that "middle-class kids don't get locked up for smoking pot, and poor kids do. And African-American kids and Latino kids are more likely to be poor and less likely to have the resources and the support to avoid unduly harsh penalties."

He did caution that the movement for legalization of marijuana raises "some difficult line-drawing issues. If marijuana is fully legalized and at some point folks say, 'Well, we can come up with a negotiated dose of cocaine that we can show is not any more harmful than vodka,' are we open to that? If somebody says, 'We've got a finely calibrated dose of meth, it isn't going to kill you or rot your teeth,' are we OK with that?"

"Those who argue that legalizing marijuana is a panacea and it solves all these social problems I think are probably overstating the case," he said "There is a lot of hair on that policy. And the experiment that's going to be taking place in Colorado and Washington is going to be, I think, a challenge."

The president also weighed in on the dangers of playing football, saying that professional players "know what they're buying into" when they play the sport and risk concussions and brain damage.

When asked whether he felt "at all ambivalent about following" professional football, Obama responded by saying, "I would not let my son play pro football." He added, "but, I mean, you (Remnick) wrote a lot about boxing, right? We're sort of in the same realm."

"At this point, there's a little bit of caveat emptor," Obama said. "These guys, they know what they're doing. They know what they're buying into. It is no longer a secret. It's sort of the feeling I have about smokers, you know?"

In the piece, Obama also comments on the role he believes racial prejudice plays in American politics.

"There's no doubt that there's some folks who just really dislike me because they don't like the idea of a black President," he said. "Now, the flip side of it is there are some black folks and maybe some white folks who really like me and give me the benefit of the doubt precisely because I'm a black President."

He also argues that conservatives' preference for policies being decided by state governments can't be separated from the intertwined history of states' rights and slavery in the years leading to the Civil War and racial prejudice since then.

"You can be somebody who, for very legitimate reasons, worries about the power of the federal government—that it's distant, that it's bureaucratic, that it's not accountable—and as a consequence you think that more power should reside in the hands of state governments," he said.

But Obama said "that philosophy is wrapped up in the history of states' rights in the context of the civil-rights movement and the Civil War and (South Carolina Sen. John C.) Calhoun. There's a pretty long history there."

He urged progressives to not "dismiss out of hand arguments against my Presidency or the Democratic Party or Bill Clinton or anybody just because there's some overlap between those criticisms and the criticisms that traditionally were directed against those who were trying to bring about greater equality for African-Americans."

On the other hand, he said conservatives should see that "if I am concerned about leaving it up to states to expand Medicaid that it may not simply be because I am this power-hungry guy in Washington who wants to crush states' rights but, rather, because we are one country and I think it is going to be important for the entire country to make sure that poor folks in Mississippi and not just Massachusetts are healthy."

This story was originally published on Sun Jan 19, 2014 3:58 PM EST

Kredit: www.nst.com.my

Isnin, 20 Januari 2014