Sunday, April 12, 2009

Positive HELP

Dr. Paul Chan is in the news again – this time he was featured in StarBizWeek, where he expressed confidence that the HELP International Corp Berhad is set to achieve RM100 million revenue in the fiscal year ending October 31 (Star, April 11, p SBW10). His confidence stems from “increasing student numbers, higher fees, and a plethora of new product offerings”. I do not believe HICT figures in this at all since we are still a very sick entity. Still on loss-making HELP-ICT, Dr. Chan did comment that he expects it “to return to the black within a year” (lines 78-79). My gut feeling tells me that it won't happen because we refuse to face the truth of our sickness! Anyway, from a business point of view, it is my belief that we should become a niche player.

In the EPL matches yesterday, both Liverpool and Arsenal won their respective games, the former whipping Bolton 4-0 (the scorers were Torres, 5, 33; Agger, 83; Ngog, 90); and the latter thumping Wigan 4-1 (the scorers were Walcott, 61; Silvestre, 71; Arshavin, 90; Song Billong, 90+2).

In the SPL, Celtic played to a 1-1 draw against Hearts; the solitary Celtic goal coming from Vennegoor of Hesselink (1). We are still top of the table, but Rangers is dangerously close – only one point separates the two teams after 32 games.

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