Funds flow back to Asia

Hong Kong Stocks Are Looking Hot Again as Chinese Money Pours In https://www.bloomberg.com/news/articles/2024-04-25/hong-kong-stocks-are-looking-hot-again-as-chinese-money-pours-in

I follow this rising stock, low cap revival stock

Up trend restarted?

2024-04-25 0.14 +0.01 (7.692%)
2024-04-24 0.13 0.00 (0.00%)
2024-04-23 0.13 0.00 (0.00%)
2024-04-22 0.13 +0.005 (4.00%)
2024-04-19 0.125 0.00 (0.00%)

Investors started grabbing the shares... Check it out yah

Ya lah, buyback n take it private

Uptrend restarted

Bursa Malaysia closed at a two-year high today with the key index rising 0.63 per cent, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.

MB's son among six remanded over document forgery, false claims involving RM600,000
TheEdge Wed, Apr 24, 2024 03:33pm - 20 minutes



KANGAR (April 24): The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.

Magistrate Ana Rozana Mohd Nor granted the remand order for all suspects from Wednesday to Thursday, following a request from the MACC to conduct investigations under Section 18 of the MACC Act 2009.

According to sources, two civil servants from the MB’s Office and the State Secretary's Office were also detained, along with contractors and owners of various companies.

“The suspects are believed to be owners of companies, contractors, and civil servants in the State Secretary's Administration Office and the Perlis MB’s Office.

“All six suspects, aged between 26 and 37, were detained in Perlis between 7am and 8am yesterday (Tuesday),” he said.

He said the case is being investigated relating to document forgery in making false claims when the project in question was not carried out. The project involved maintenance, repair, supply, and service works starting from 2022 until now, estimated to be worth RM600,000.

Meanwhile, in Putrajaya, a senior director of the Special Operations Division of the MACC, Datuk Azmi Kamaruzaman, confirmed the arrest.

MB's son among six remanded over document forgery, false claims involving RM600,000
TheEdge Wed, Apr 24, 2024 03:33pm - 20 minutes



KANGAR (April 24): The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.

Magistrate Ana Rozana Mohd Nor granted the remand order for all suspects from Wednesday to Thursday, following a request from the MACC to conduct investigations under Section 18 of the MACC Act 2009.

According to sources, two civil servants from the MB’s Office and the State Secretary's Office were also detained, along with contractors and owners of various companies.

“The suspects are believed to be owners of companies, contractors, and civil servants in the State Secretary's Administration Office and the Perlis MB’s Office.

“All six suspects, aged between 26 and 37, were detained in Perlis between 7am and 8am yesterday (Tuesday),” he said.

He said the case is being investigated relating to document forgery in making false claims when the project in question was not carried out. The project involved maintenance, repair, supply, and service works starting from 2022 until now, estimated to be worth RM600,000.

Meanwhile, in Putrajaya, a senior director of the Special Operations Division of the MACC, Datuk Azmi Kamaruzaman, confirmed the arrest.

Founder should take it private, relist in hongkong or spore for better value :)

MGO for ho hup? :)

Chin Hin's MGO for Signature International turns unconditional as shareholding surpasses 50%
By Hee En Qi / theedgemalaysia.com
23 Apr 2024, 10:15 pm

24, April 2024, Wednesday

*US*
US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

*EUR*
European markets closed higher Tuesday, with the U.K.’s FTSE 100 hitting a fresh intraday record high as investors built on positive momentum in the previous session.

*ASIA*
Japan’s Nikkei 225 led gains in Asia as markets in the region rose across the board, following Wall Street’s continued rally for a second straight day.

*MALAYSIA*
Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

*GOLD*
Gold prices steadied on Tuesday after hitting a more than two-week low on diminishing fears about an escalation of tensions in the Middle East, with investors awaiting key economic data for further clarity on the timeline on U.S. interest rate cuts.

*Oil*
Oil prices rose in early trade on Wednesday, adding to gains in the previous session, after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, and attention shifted away from hostilities in the Middle East.

*KLCI*:
1,561.64 (+14.07) (+0.91%)

*DJIA*:
38,503.69 (+263.71) (+0.69%)

*S&P 500*:
5,070.55 (+59.95) (+1.20%)

*NASDAQ*:
15,696.64 (+245.34) (+1.59%)

*FTSE*:
8,044.81 (+20.94) (+0.26%)

*NIKKEI*:
37,552.16 (+113.55) (+0.30%)

*HSI*
16,828.93 (+317.24) (+1.92%)

*HSCEI*
5,954.62 (+123.36) (+2.11%)

*SHANGHAI*
3,021.98 (-22.62) (-0.74%)

*SHENZHEN*:
1,675.05 (-11.51) (-0.68%)

*GOLD*: 2,335.70

*CRUDE OIL*: 88.38

*USD/MYR*: 4.7769

_Source: The Edge, The Star, CNBC, Reuters, MarketWatch & Bloomberg_

*Disclaimer:*
_We have compiled this material with information obtained from sources we believe to be reliable, but we do not make any representation or warranty nor accept any responsibility or liability as to its accuracy, completeness or correctness. It ppl contains general information only on investment matters and the information is subject to change. The material above should not be considered as a comprehensive statement on any matter and should not be relied upon as such. The data presented is for information purposes only and is not a recommendation to buy or sell any securities or adopt any investment strategy. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment._

KUALA LUMPUR: The ringgit rebounded in early trade Wednesday as the US dollar retreated after S&P Purchasing Managers' Index data disappoint.

At 9.05 am, the ringgit appreciated to 4.7730/7780 against the greenback from Tuesday's closing of 4.7785/7820

Adding to your investments regularly
When you see that investing in stocks actually works, you start feeling good. You might want to pour all your savings into the market.

I’m not a fan of that strategy. It will make you nervous. And nervous people become impatient.

You need to set yourself up in a way that enhances patience.

So you add smaller amounts every month. You set up automatic investments. You transfer the money to your brokerage app, and your broker does the buying for you.

It’s really simple, and it helps you let go of your investments. Just let the market do what it does.

In the long run, the market tends to rise.

Politicians are using religion to play game ;)

https://www.channelnewsasia.com/asia/malaysia-indonesia-political-islam-pas-abdul-hadi-awang-conservative-hardline-pancasila-4219911?cid=taboola_my_paid_18042023_cnamkt_businessinsider&tblci=GiDP0QfNxiFL-EpwSa2g31Y05qlrYz18l1NZvkM6UguzYyDsklIos_nAzL-6kIsc#tblciGiDP0QfNxiFL-EpwSa2g31Y05qlrYz18l1NZvkM6UguzYyDsklIos_nAzL-6kIsc

Terbaik.

https://www-timesofisrael-com.cdn.ampproject.org/c/s/www.timesofisrael.com/indonesia-agrees-to-normalize-ties-with-israel-if-it-joins-oecd-report/amp/

Indonesia ready to normalize ties with Israel as part of bid to join OECD – official
Head of economic forum said to broker deal that could see world's largest Muslim nation establish relationship in exchange for Jerusalem smoothing way into developed countries club
By JOSHUA DAVIDOVICH
11 April 2024, 9:56 am

Kawan Food Berhad's (KLSE:KAWAN) investors will be pleased with their 28% return over the last five years
Thu, 18 April 2024

$$$ https://sg.finance.yahoo.com/news/kawan-food-berhads-klse-kawan-033057456.html?client_hour_clock=24&clientlang=2

Mohd Sedek Jantan, head of wealth research and advisory and designated portfolio manager at UOB Kay Hian Wealth Advisors, said the FBM KLCI closed slightly higher today after reaching a peak of 1567.42 in the morning session, marking the highest level for this year.

Uptrend restarted

KUALA LUMPUR, April 23 — Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday thanks to buying from local and foreign institutions, said an analyst.

13sen cleared

Time Price Chg Vol
16:19:39 0.130 22,300
16:17:37 0.130 +0.005 10,000
16:00:06 0.125 -0.005 8,800
15:43:15 0.130 +0.005 100
15:24:08 0.125 -0.005 300
15:24:08 0.130 200
15:15:54 0.130 50,000
15:13:16 0.130 75,000
11:36:42 0.130 38,000
11:21:28 0.130 17,000
11:20:04 0.130 10,000
11:19:47 0.130 14,000
11:19:24 0.130 29,000
11:04:50 0.130 100,000
10:14:29 0.130 30,000
10:14:16 0.130 50,000
09:05:56 0.130 10,000
09:05:20 0.130 100,000
09:00:49 0.130 50,000
09:00:00 0.130 50,000

In Malaysia, the market saw a recovery with a +5.6% increase this year, reversing the 2.7% decline experienced in 2023. All sectors showed gains year-to-date as of March 2024, with Utilities, Property, Energy, and Construction leading the way

total share traded ~ RM65K haha semua hold for medium n long term. greatly undervalued

YTD March 2024... construction & prop sector up 16%++ respectively.. tunggu hohup UP kini haha

Bangunan hohup juga di bukit jalil :)

Indeed, Bukit Jalil is considered an expensive area in Kuala Lumpur, Malaysia. The property prices reflect its status as a sought-after residential location. Here are some insights into the property market in Bukit Jalil:
- The **median transacted price** for properties in Bukit Jalil is around **RM 555,000**, with a median price of **RM 470 per sq. ft.**¹.
- The area has seen a **median price** of **RM 933k** based on units sold in the preceding 12 months, although there has been a slight annual decline in growth of about **-2.0%**².

These figures indicate that Bukit Jalil is indeed on the higher end of the property market, which could be due to its development, amenities, and accessibility that add to its appeal for long-term investment and residence.

Hahaha#

Malaysia is a smallish Muslim-majority country, with GDP roughly that of Florida’s. With our own challenges and a weak ringgit nearing RM5 to the US$, we had best tone down our rhetoric and focus on alleviating poverty at home first.

Lebanon, Saudi Arabia and possibly even Indonesia may soon choose to go with the winning team. For Malaysia, a normalisation of Indonesia-Israel relations will test new waters.

Vt will win .. Stay + yah

#Israel, meanwhile, has made it clear that Hamas must be totally destroyed. Netanyahu’s war on Hamas has no exit

Bjfood steady with vt

NEW YORK/LONDON: Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices.

MSCI's gauge of stocks across the globe rose 6.01 points, or 0.81 per cent, to 749.29.

In a reversal of Friday's "risk off" mood, spot gold lost 2.59 per cent to US$2,328.65 an ounce, poised for its biggest one-day drop since June 2022.

On Wall Street, the Dow Jones Industrial Average rose 253.58 points, or 0.67 per cent, to 38,239.98, the S&P 500 gained 43.37 points, or 0.87 per cent, to 5,010.60 and the Nasdaq Composite gained 169.30 points, or 1.11 per cent, to 15,451.31.

Ho Hup Construction Company Berhad is actively involved in several projects in the Bukit Jalil area. Let’s explore one of their latest developments:

Flex SOVO @ Bukit Jalil
Location: Bukit Jalil City, strategically situated in the Southern Gateway of Kuala Lumpur.
Connectivity: Excellent connectivity via major highway networks and close proximity to public amenities such as Pavilion Bukit Jalil Megamall, Bukit Jalil Park, and the National Sport Centre.
Expected Completion: 2027.
Total Units: 491 units of Flex Suites.
Unit Sizes: Ranging from 376 sq. ft. to 591 sq. ft..
Tenure: Freehold.
Project Highlights:
Versatile Spaces:
Flex SOVO offers a diverse range of units designed to provide flexibility and convenience.
Whether you’re an entrepreneur, freelancer, or small business owner, these adaptable spaces can accommodate your unique requirements.
The development seamlessly integrates work, living, and leisure.
Mixed Development:
Along with the Flex SOVO units, the development also features serviced apartments and retail spaces.
This creates a dynamic environment where residents can live, work, and enjoy leisure activities within the same vicinity.
Easy Connectivity:
Flex SOVO enjoys easy access to major highways, including Bukit Jalil Highway, MEX Highway, MRR2, and Kesas Highway.
Commuting to and from Flex SOVO is effortless, ensuring seamless connectivity to the rest of the Klang Valley.
Vibrant Cityscape Amenities:
Immerse yourself in picturesque views of the Bukit Jalil cityscape.
Experience the beauty of curated biophilic design concepts.
Indulge in the tranquil 1-acre greenery facilities, creating a serene oasis within the bustling city.
Your Haven Just a Lift Ride Away:
Escape the daily grind and find solace in the amenities at your doorstep.
Take a refreshing dip in the infinity pool or push your limits at the well-equipped gym while enjoying breathtaking city views.
Unwind and recharge in style, providing the perfect reward for hard-working entrepreneurs after a productive day.
Flexible Spaces for Malleable Ideas:
Flex SOVO embodies the future of versatile living, where convenience, flexibility, and connectivity come together.
If you’re considering property investment or looking for a modern urban lifestyle experience, Flex SOVO at Bukit Jalil offers an exciting opportunity. Explore the possibilities and secure your place in this vibrant project! 🏢🌆🌟

Ho Hup Construction Company Bhd and the Pavilion Bukit Jalil development:

Bukit Jalil Development and Pavilion 2:
Ho Hup Construction Co Bhd is involved in a significant development project in Bukit Jalil, known as Pavilion 2.
This 50-acre (20.23 hectares) development is a joint venture (JV) project co-developed by Ho Hup and Malton Bhd1.
The project includes a huge shopping mall and several blocks of apartments.
The estimated gross development value (GDV) for Pavilion 2 is RM4.2 billion1.
Under the JV arrangement, Malton takes the lead and funds the development costs, while Ho Hup provides the land in exchange for an 18% share of the GDV1.
Additional Development by Ho Hup:
Apart from the 50-acre piece for the JV with Malton, Ho Hup has also independently developed an adjacent 10-acre tract in Bukit Jalil.
This 10-acre development has a GDV of RM1.2 billion1.
Ho Hup’s involvement in both projects has contributed to its growth and financial performance1.
Transformation of Bukit Jalil:
The Bukit Jalil development, including Pavilion 2, has been a major catalyst in transforming the area into a vibrant and versatile metropolis.
Backed by premium brands like Malton and the Pavilion Group, this development has significantly impacted the landscape of Bukit Jalil2.
In summary, Ho Hup’s collaboration with Malton in the Pavilion Bukit Jalil development has been instrumental in shaping the real estate landscape in the area. The combination of a shopping mall, residential apartments, and strategic location makes this project a key driver for both companies’ growth and success3. If you’re considering property investment, keeping an eye on developments like Pavilion 2 can provide valuable insights into the market trends and potential opportunities.

Sabah:

Sabah’s property market is influenced by its tourism appeal and growing economy1.
There is an increasing interest in both residential and commercial properties, with a focus on developing townships and eco-tourism projects1.
Overall, the property markets in these regions are driven by factors such as government initiatives, economic growth, tourism, and cross-border investments. Additionally, the shift from buyers to renters due to higher asking prices has sustained a robust demand in the rental market

Kuala Lumpur:

KL has recorded significant growth in average house prices over the years2.
The government’s incentives to boost the property market post-COVID-19 have helped maintain a steady increase in annual change growth.
The city’s status as the capital and a major economic hub sustains the high demand for residential properties

Johor:

Johor’s property market has seen a steady demand, particularly due to its proximity to Singapore and the development of Iskandar Malaysia.
The region has attracted both local and international investors, with a focus on affordable housing and luxury properties

iran-israel wars tak jadi, hohup flying back in stages

bjfood would go up after israel defeats the terrorist hamas hehe

Israel will take control of Rafah even if it causes a rift with the United States, a senior Israeli official said on Thursday, describing the Gazan city packed with refugees as a final Hamas bastion harbouring a quarter of the group's fighters.
Israel determined to take Rafah despite 'potential breach' with U.S ...
www.reuters.com/world/middle-east/israel-determined-take-rafah-despite-potential-breach-with-us-2024-03-21/' target='_blank'>www.reuters.com/world/middle-east/israel-determined-take-rafah-despite-potential-breach-with-us-2024-03-21/
www.reuters.com/world/middle-east/israel-determined-take-rafah-despite-pote

endgame by israel...

Recent reports indicate that Israel is moving closer to an operation in Rafah, with Israeli leaders expressing intentions to uproot Hamas in its last stronghold1. This comes amid a backdrop of widespread protests in Israel against Prime Minister Netanyahu’s leadership as the conflict with Hamas continues2. Additionally, there have been reports of a series of Israeli strikes in Rafah resulting in casualties3. It seems that these events are part of ongoing tensions and conflicts in the region.

Israel will take control of Rafah even if it causes a rift with the United States, a senior Israeli official said on Thursday, describing the Gazan city packed with refugees as a final Hamas bastion harbouring a quarter of the group's fighters.
Israel determined to take Rafah despite 'potential breach' with U.S ...
www.reuters.com/world/middle-east/israel-determined-take-rafah-despite-potential-breach-with-us-2024-03-21/' target='_blank'>www.reuters.com/world/middle-east/israel-determined-take-rafah-despite-potential-breach-with-us-2024-03-21/
www.reuters.com/world/middle-east/israel-determined-take-rafah-despite-potent

Date Price Open High Low Volume
Hari ni UP? see yah!
2024-04-22 0.130 0.125 0.135 0.120 1,828,500
2024-04-19 0.125 0.125 0.130 0.125 805,900

RSI(14) Neutral 32.3
Stochastic(14) Oversold 16.7
Average Volume (3M) 1,200,300

62% BUY
38% SELL
1 10,000 0.135 0.130 50,000 1
3 80,000 0.130 0.135 470,100 4
16 787,000 0.125 0.140 335,300 6
11 754,700 0.120 0.145 85,000 3
5 209,000 0.115 0.150 170,000 6

hopefully boleh balik 20-30sen dengan laju :)

direct biz deal: harga terendah ialah 13sen. hope for recovery yah :)

Summary from 27/05/2009 to 14/03/2024
Highest Price 1.6700 First Occurred on 30/04/2014
Lowest Price 0.1300 First Occurred on 14/03/2024
Highest Volume 21.000m First Occurred on 28/06/2011

peluang tak terhingga :)

https://www.bernama.com/en/business/news.php?id=1889993

SC mau tangkap, kerajaan madani terhebat

KUALA LUMPUR: Lim Kok Boon, a former chief executive officer of GW Plastics Holdings Bhd, and a friend have been ordered to pay a total of RM2.01 million.

The High Court on Monday ruled in favour of the Securities Commission (SC) in an insider trading civil suit filed against Lim and Cheah Mean Har.

Lim was the CEO and non-independent executive director of GW Plastics at the material time.

High Court judge Adlin Abdul Majid ordered Lim, 66, and Cheah, 47, to each pay the SC RM142,500 disgorgement, which is three times the profits gained by Cheah as a result of the insider trading breach.

Lim and Cheah were also required to pay a civil penalty of RM1 million and RM500,000 respectively the SC said in a statement.

Additionally, the court ordered Lim and Cheah to pay costs of RM200,000

and RM30,000 respectively to the SC.

Lim is also barred from being appointed as a director of a public listed company for a five years beginning from the date of the court judgment on April 22 this year.

The High Court found that Lim had breached section 188(3)(a) of the Capital Markets and Services Act 2007 (CMSA) when he communicated material non-public information to Cheah.

Cheah subsequently acquired GW Plastics shares on Sept 25 2017 and Sept 27 2012, and was found liable by the High Court for a breach under section 188(2)(a) of the CMSA.

"The material information was in relation to a proposed share sale agreement between GW Plastics and Scientex Packaging Film Sdn Bhd and a proposed distribution of the cash proceeds arising from the share sale agreement to the shareholders of GW Plastics.

"The information was announced by GW Plastics to Bursa Malaysia on Oct 3 2012. This decision serves as a strong deterrent against insider trading, signifying the SC's resolve to uphold market integrity," the commission said.

It added that the joint accountability of the corporate insider and the trader underscores the SC's commitment to address market misconduct and

abuses that can affect the integrity of the capital market.

Both Lim and Cheah had filed an appeal against the High Court judgment on Monday.

Banyak duit, rakyat kita

Azanis Shahila Aman

KUALA LUMPUR: The Malaysian Association of Tour and Travel Agents (Matta) said the 54th edition of the Matta Fair at the Malaysia International Trade & Exhibition Centre (Mitec) from March 22 -24 has been "exceptionally" successful.

The event surpassed expectations by attracting over 170,000 visitors and generating more than RM230 million in sales, Matta claimed.

"We have implemented a strategic plan to alleviate traffic congestion, which has been a concern during previous travel fair.

"Through the provision of shuttle services from key transportation hubs like Mitec's vicinity, KL Sentral and Sunway Putra Mall, we managed to reduce traffic-related complaints by an impressive 65 per cent.

"The overwhelming positive response to this initiative from fairgoers demonstrates the effectiveness of this approach in ensuring a smoother and more enjoyable experience for visitors," said Matta president Nigel Wong.

According to Matta, the event saw the participation of 278 exhibitors. They included 12 national tourism organisations (NTOs) and eight state tourism organisations (STOs), an indication that the Malaysian tour and travel industry remains vibrant and is expected to grow.

Domestic sales turnover amounted to more than RM31 million, indicating massive growth potential in domestic tourism which has seen significant growth post-Covid-19, it added.

Wong said Matta is working with with RapidKL to augment the transportation options available to fairgoers.

As part of these efforts, he said there will be a substantial increase in the number of buses in service, significantly reducing the waiting time intervals for attendees.

This initiative is to encourage all visitors and exhibitors to take public transportation or park their cars at Sunway Putra Mall and KL Sentral for future Matta Fairs.

"The success of Matta Fair March 2024 is a significant milestone, signaling that the tourism industry is on the last stages of recovery and is geared towards rapid growth over the next few years," Wong added.

China secured the top spot among the top 10 most popular destinations with Japan, Korea, Malaysia, Turkiye, Vietnam, Taiwan, Switzerland, Italy and United Kingdom following closely.

For domestic tourism, consumers have a preference for purchasing packages from Selangor, Sabah, Terengganu, Pahang, Kedah and Penang mainly due to the logistic considerations and diverse range of attractions.

Data also revealed that during the fair, travel packages from over 67 international destinations across North Americas, Africa, Europe, Asia and Australia were in demand

Yesterday~2mil shares traded, today, 10m shares pulak??
Wait n see :)

Flying today, see yah

NEW YORK/LONDON (Reuters) -Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices.

Ho hup is a syariah-compliant stock. in many ways, syariah investing also inherently encourages investors to practise a long term investment horizon due to its principles.

By avoiding speculative and high-risk ventures, ho hup aligns with the patient capital approach. A deliberate focus on long term sustainability contributes to the resilience of shariah stocks like ho hup in weathering short term market fluctuations hehe