Frequently Asked Questions
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Capital Dynamics Sdn Bhd is the first independent investment adviser in Malaysia. It has been described as "one of the country's most iconoclastic and critical research outfits".

Since our inception in 1988, we have remained totally independent and have been providing objective advice on Stockmarkets and Economies through i Capital.

The i Capital newsletter is its flagship product. It has been around since 1989.

In 2002, www.icapital.biz, the online version of i Capital was launched.

In October 2005, icapital.biz Berhad, a RM140 million Close-End Fund was listed on the Main Board of Bursa Malaysia. This fund is managed by Capital Dynamics Asset Management Sdn Bhd and advised by Capital Dynamics Sdn Bhd.

In 2006, Capital Dynamics achieved a major milestone when it established Capital Dynamics (S) Pte Limited in Singapore, its platform for global investing. With this, it became the first Asian-owned fund manager to invest worldwide.

In July 2007, Capital Dynamics (S) Pte Ltd launched the i Capital Global Fund.

Capital Dynamics continues to expand with Capital Dynamics (Australia) Ltd incorporated in 2008. Also a global fund manager, it aims to provide investors with access to our proven investment success.

In July 2009, Capital Dynamics (Australia) Ltd launched the i Capital International Value Fund targeting at retail investors.

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Home >FAQ >Frequently Asked Questions
  Frequently Asked Questions   

This is the place to look for answers to frequently asked questions about www.icapital.biz.

If you have a question that is not represented here, please send an email to myaccount@icapital.biz and we will try our best to answer it.

  

Our Products

1. What kind of products do you offer?

Capital Dynamics Sdn Bhd publishes the i Capital and www.icapital.biz.
  1. i Capital is a printed newsletter which is sent out every Friday.
  2. www.icapital.biz is an online investment portal, which is updated daily.
The investment reports are written in both English and Chinese and are published at the same time. Capital Dynamics Sdn Bhd also provides investment education on a systematic, integrated and comprehensive basis through i Capital Education.

2. What are the differences between i Capital, www.icapital.biz and Free Limited Contents edition?

i Capital www.icapital.biz Free Limited Contents
Fees - RM720 for 46issues
- RM1320.00 for 92issues

* Only publish 46 issues in a calendar year, because we stop publication during festive holidays
RM199 per year (yearly renewal basis)

* Subscription will be based on 1 calendar year
Not applicable
Access Free access to www.icapital.biz 72.3%discount for the access to www.icapital.biz Access to www.icapital.biz, but for limited contents only(articles without $ sign)
Contents - More value to the print version (which will not be available in www.icapital.biz).
- Contains all the analysis of i Capital and www.icapital.biz.
- Sections that are ONLY available in i Capital are:
Capital Dynamics Portfolio, a portfolio that has achieved superior performance since inception in 1991. Click here to view performance of this portfolio.
Technical analysis of stock selections, complimenting our fundamental analysis of the company to provide a holistic view.
Additional stock selections
Tracking insiders, presented in a graphical format with notes indicating the effects on the share price due to significant shareholders’ buying and selling.
Fundamentals of trading picks, to provide a different dimension.
Stop press of KLSE and major markets, showing the latest analysis on NYSE, TSE, HKSE, SGX and Bursa.
Unlimited access to all the analysis published on www.icapital.biz, including archives. Access to free contents only.

Articles that have ratings or in-depth analysis are NOT FREE.
Additional Benefits - Greater discounts compared to other categories of attendees for seminars organised by i Capital education.
- More privileges given compared to online subscribers
Discounts for seminars. None

3. How much do they cost?

4. How frequent will the contents be updated?

i Capital is a printed newsletter which is sent out every Friday.
www.icapital.biz is an online investment portal. The daily updates can be found in the center column under the heading “Today in icapital.biz” and the precious day’s analysis can be found in “Recently in icapital.biz”.

The tables below show the update frequency of both i Capital and www.icapital.biz.

Table 1: i Capital (subscribers of i Capital gets free access to www.icapital.biz, see table 2 for more details)

Section Frequency
Section A 1(i): Malaysia Economics Weekly
Section A 1(ii): International Economics Weekly
Section A 2 (i),(ii),(iii),(iv): New York,Tokyo, Hong Kong & China Weekly
Section A3: Technical Weekly
Section A4: KLSE Conclusion & Recommendation Weekly
Section B: Stock Selection
 • Malaysian Company Analysis
 • Global Company Analysis
 • Industry Analysis

Weekly
Weekly
As and when
Section C: Capital Dynamics Portfolio Weekly (Only available in i Capital)
Section C2: i Capital Global Weekly
Section D: The CD Timer Weekly
Section D2: The 2nd Chance Weekly
Section E1(i): Corporate Announcement Weekly
Section E1(ii): Ratings Weekly
Section E2: Updates on Section H : Trading Portfolio Weekly
Section F: Directors & Significant Shareholdings Weekly
Section F: Feature of Section F Weekly (Only available in i Capital)
Section G: The Eclectic Trader Weekly
Section H: Trader's Portfolio Weekly
Section I: The Capital Dynamics' Treasures Weekly
Special analysis As and when

Table 2 : www.icapital.biz

Section Frequency
Economies
- Economic Calendar
- Malaysia
- China
- Singapore
- US
- Japan
- Europe
- Semiconductors
As and when there is/are new data
Markets
- New York Stock Exchange Weekly on Saturdays before 9a.m.
- Hong Kong Stock Exchange Weekly on Saturdays before 9a.m.
- Tokyo Stock Exchange Weekly on Saturdays before 9a.m.
- Kuala Lumpur Stock Exchange Weekly on Fridays after 5p.m.
- Technical Indicators Weekly on Fridays after 5p.m.
- China on the Move Weekly on Fridays after 5p.m.
Intelligent Investor
- Corporate News As and when there is/are update(s)
- Ratings As and when there is/are update(s) to recommendation(s)
- Tracking Insiders As and when there is/are update(s)
- Malaysian Company Analysis Weekly on Fridays after 5p.m. and/or Mondays before 9a.m.
- Global Company Analysis As and when
- Industry Analysis As and when
- Special Feature As and when
Portfolio
- Capital Dynamics Portfolio Weekly (Only available in i Capital)
- i Capital Global Weekly on Fridays after 5p.m.
- The CD Timer Weekly on Fridays after 5p.m.
- The 2nd Chance Weekly on Fridays after 5p.m.
- The Eclectic Trader Weekly on Fridays after 5p.m.
Trading Smart
- Trading Picks 2 on each market days
- Technical Indicators Weekly
- Tracking Insiders As and when there is/are updates
- The Eclectic Trader Weekly
- Corporate News As and when there is/are updates
Funds
- icapital.biz Berhad Weekly on Fridays after 5p.m.
- i Capital Global Fund Weekly on Fridays after 5p.m.
- i Capital International Value Fund Weekly on Fridays after 5p.m.

5. What does the various section represent?

SECTION A - Market Opinion
This section is based on a top-down/market-timing approach. In each issue of i Capital, Capital Dynamics will look at the major economic variables, locally and abroad, major equity markets plus some technical indicators before reaching its conclusion for the KLSE Composite index. In other words, Section A should be read in total.

SECTION B - Stock Selection
Stocks selected under this section are meant for medium and/or long-term investments. Capital Dynamics could use either a top-down/market-timing approach or a strictly bottom-up style or a combination of both when selecting stocks. When stocks are recommended under Section B, it does not mean that its price will take 1 or 2 years to move. If the price moves too fast, i Capital may recommend a sell. Or if it is still attractive after holding for a while and its price has gone up, we may still recommend holding or even buying more. Or if it declines, i Capital quotes Warren Buffett who was supposed to have said this : “If you aren’t prepared to see your stocks go down 50%, you shouldn’t own them. Be prepared for declines – and arrange your financial affairs such that you won’t have to sell out".

SECTION C - Capital Dynamics Portfolio
This section is based on a paper portfolio that is supervised by Capital Dynamics. Purchases/sales are based on the daily closing prices. The date of purchase and sale can be any day, any time. The objective of this portfolio is capital appreciation and the emphasis will be on medium and long-term investments. The investment approach used by Capital Dynamics is what we term as “intelligently eclectic”. There are no restrictions on the type of shares or stock exchanges that will be invested in. It started with RM 55,000 cash on 5 Sept 1991. The KLSE CI was 562.50 points.

SECTION C2 - i Capital Global
This global portfolio is supervised by Capital Dynamics. Purchases/sales are based on the daily closing prices. The date of purchase and sale can be any day. The objective of this portfolio is capital appreciation and the emphasis will be on medium and long-term investments. The investment approach used by Capital Dynamics is what we term as "intelligently eclectic". There are no restrictions on the type of shares or stock exchanges that will be invested in. It started with US$100,000,000 cash on 4 January 2007. The reporting currency will be US$.

SECTION D - The C D Timer
The objective of this portfolio is capital appreciation. The investment approach used by Capital Dynamics will be our own eclectic market timing. In terms of time, it lies somewhere between our Capital Dynamics Portfolio (Section C) and our Eclectic Trader (Section G). There are no restrictions on the type of shares or stock exchange that will be invested in. It started with RM 100,000 cash on 7 April 1994. The KLSE CI was 966.18 points. This paper portfolio is supervised by Capital Dynamics. Purchases /sales are based on daily closing prices. Purchases/sales can be made any day.

SECTION D2 - The 2nd Chance
The objective of this portfolio is capital recovery. In terms of time, we hope it would not take too long. The investment approach used by Capital Dynamics will be a mixture of our eclectic market timing and trading. There are no restrictions on the type of shares or stock exchange that will be invested in. Its funds will come from the sales of the dead ducks. The 1st part started with RM15,274.69 cash on 7th Dec 2000. The KLSE CI was 735.97 points. This paper portfolio is supervised by Capital Dynamics. Purchases /sales are based on daily closing prices. Purchases/sales can be made any day.

SECTION E – Updates
Part E1 of this Section updates our Stock Selections recommended in Section B. Part E2 updates our Trader's Portfolio in Section H.

SECTION F- Directors & Significant Shareholders
In USA, insider transactions, buying/selling by company officials or owners of 10% or more of its capital are reported to their SEC. The data are analysed and used as additional market indicators. While we do not have the exact version, following changes in directors and substantial shareholdings may reveal additional insight.

SECTION G - The Eclectic Trader
This section is an actual portfolio supervised by Capital Dynamics. There are actual trades with contracts. Purchase/sale can be made on any day. The objective of this portfolio is capital gains. The emphasis is on short-term trading. While the approach used will include technical analysis, we do not rely on them exclusively – it will be “intelligently eclectic”. There are no restrictions on the type of shares that will be invested in. We would try to hold at least 6 or more counters. But due to the relatively small sum, some counters may have higher weightings. Stop-loss or trailing-stop will be used. This portfolio started with RM50,000 cash on 1st Dec 1993. The KLSE CI was 1,015.42 points.

SECTION H - Trader's Portfolio
Shares selected under this section are based on chart/technical analysis and are meant for short-term traders. It is not intended for contra trading. Traders should note that in actual trading conditions, stop-loss targets may not be fulfilled. This section is not for the novice or the uninitiated. The arithmetic of trading or investing is not symmetrical. If you lose 50%, you need to make 100% to get back to the level of your original sum. i Capital quotes Paul Tudor Jones : “everything gets destroyed a hundred times faster than it is built up.” For new readers, please see our brief guides on technical analysis for explanation of stop-loss and trailing stop.

SECTION I - The Capital Dynamics' Treasures
This section updates the performance of the funds managed by Capital Dynamics group. Presently, this includes icapital.biz Berhad, a listed closed-end fund, i Capital Global Fund and i Capital International Value Fund, both open-end funds. For more information, send emails to cdam@cdam.biz, cdpl@icapital.biz or info@capitaldynamics.com.au. Monthly NAVs are published in www.icapital.biz.

6. How do I know which product I am most suited for?

If you can conveniently access the internet or travel a lot, then www.icapital.biz would be a convenient method of accessing our advice.

If you are a very busy person then i Capital would be the best option. This is because during office hours when you are busy, you can simply log in to our website and have a quick glimpse of the latest advice. When at home or during the weekends, or on the plane or when you are stuck in a jam then you can read the printed copy at your own leisure.

7. What do I get for the online edition, www.icapital.biz at RM199 a year?

The subscription of RM199.00 per year to www.icapital.biz allows you access to the analysis that is stated in Q4 table 2, including archives.

These analysis includes company analysis, stock market (KLSE, HKSE, NYSE and TSE) overviews and outlook, special column on China, trading picks, economic analysis, model portfolios for short-term, medium term and long term investment, dividends, significant changes in shareholdings, updates on recommendations etc.

The RM199.00 a year subscription is a very limited offer, which we hope you would take full advantage.

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