SYARIAH STOK JUGA

Member of Indices Consumer Products & Services
ISINMYL7216OO004Stock ExchangeBMListed OnMain MarketSectorConsumer Products & ServicesSub-SectorFood & BeveragesCurrencyMYRShares Per Lot100Share Issued363.486mPar Value-Paid Up Cap0.000Market Cap676.085mEntitlement-SyariahYes

Let’s explore how the High-Speed Rail (HSR) project, if restarted, could benefit Ho Hup Construction Company Bhd:

ECRL Railway Project:
Ho Hup secured two contracts for ECRL Section 6 works, totaling RM102 million in June 20201.
The ECRL project is part of Ho Hup’s mission to expand its Infrastructure division and enhance its ability to tender for new projects.
Involvement in rail infrastructure projects like ECRL provides several advantages:
Business Diversification: Participation in different rail projects diversifies Ho Hup’s portfolio and revenue streams.
Expertise: Rail projects require specialized construction skills, and Ho Hup’s experience positions it well.
Long-Term Contracts: Rail projects typically span several years, ensuring stable income.
Economic Impact: Rail infrastructure stimulates economic growth and connectivity.
Local Job Creation: Construction projects contribute to job opportunities.
Positive Reputation: Successful rail project completion enhances Ho Hup’s reputation and attracts more contracts.
Potential HSR Benefits:
If the Kuala Lumpur-Singapore High-Speed Rail (HSR) project is restarted, Ho Hup could benefit in several ways:
Contract Opportunities: Ho Hup could participate in the construction of HSR stations, tracks, and related infrastructure.
Revenue Generation: HSR projects involve substantial investment, creating revenue streams for construction companies.
Skills Enhancement: Working on a high-speed rail project would enhance Ho Hup’s expertise in large-scale transportation infrastructure.
Economic Boost: HSR stimulates economic activity, tourism, and regional development.
Collaboration: Ho Hup could collaborate with other firms in consortiums bidding for the HSR project2.
Overall Industry Outlook:
The Malaysian construction industry remains buoyant, with significant projects offered in the first quarter of this year.
Negotiations for other rail projects, such as the Penang Mutiara Light Rail Transit (LRT), are ongoing.
Progress is evident in East Malaysia, with work packages under the Pan Borneo Sabah Highway already awarded2.
In summary, Ho Hup’s involvement in rail infrastructure projects, including the potential HSR, contributes to Malaysia’s development and strengthens the company’s position in the construction sector. 🚄🏗️🌆

Let’s explore how the East Coast Rail Line (ECRL) extension and other rail projects like MRT and LRT can benefit Ho Hup Construction Company Bhd:

ECRL Extension:
The decision to extend the original ECRL alignment from 640km to 665km is a significant move.
The extension connects the ECRL to both North Port and West Port in Malaysia.
Without this extension, the ECRL had no direct connection to any port, resulting in freight cargoes having to stop at Jalan Kastam before being transported by trucks or transhipped by KTM trains.
The new alignment optimizes rail usage and ensures efficient cargo services.
For Ho Hup, involvement in ECRL construction provides business opportunities and contributes to Malaysia’s economic growth1.
MRT and LRT:
While the ECRL primarily serves as a cargo route, urban rail systems like MRT and LRT focus on passenger transportation within cities.
Ho Hup’s participation in MRT and LRT projects can have several advantages:
Business Diversification: Involvement in different rail projects diversifies Ho Hup’s portfolio and revenue streams.
Infrastructure Expertise: Rail projects require specialized construction expertise, and Ho Hup’s experience in infrastructure development positions it well.
Long-Term Contracts: MRT and LRT projects typically span several years, providing stable income for construction companies.
Economic Impact: Urban rail systems enhance connectivity, reduce traffic congestion, and boost local economies.
Local Job Creation: Construction projects create jobs and stimulate economic activity.
Positive Reputation: Successful completion of rail projects enhances a company’s reputation and attracts more contracts.
ECRL Section 6:
Ho Hup received Letters of Acceptance (LOAs) for the engineering, procurement, construction, and commissioning of ECRL Section 6 works.
These works involve the construction and completion of subgrade, drainage, and culvert components.
The project duration is 30 months, starting from June 15, 2020.
By participating in ECRL Section 6, Ho Hup contributes to Malaysia’s rail infrastructure and strengthens its position in the construction industry234.
In summary, Ho Hup’s involvement in rail projects like ECRL, MRT, and LRT not only drives business growth but also contributes to Malaysia’s development and connectivity. 🚄🏗️🌆

52w 0.120 - 0.330
NTA 0.6600
P/B 0.20
RPS 36.15
PSR 0.36
Market Cap 67.4M
Shares (mil) 518.26

Stochastic(14) Oversold 20.0
Average Volume (3M) 1,224,200
Relative Volume 0.8

Let’s explore the Sabah-MM2H program, which is an exciting initiative for those considering Malaysia as their second home. Here are the key details:

Sabah-MM2H Overview:
The Sabah-Malaysia My Second Home (Sabah-MM2H) program is expected to be implemented in Sabah (one of the states in Malaysia) by next month1.
The program allows foreigners to reside in Sabah on a long-term basis.
The state government has approved several amendments to the program, and once these are gazetted, the terms and conditions will be posted on the program’s website for potential applicants1.
Sabah’s MM2H program aims to attract individuals who wish to enjoy the state’s natural beauty, cultural diversity, and warm hospitality.
Eligibility and Requirements:
The eligibility criteria and requirements for Sabah-MM2H are likely to align with the federal MM2H program but may have specific variations for Sabah.
Participants must meet financial thresholds, demonstrate liquid assets, and fulfill other conditions similar to the federal program.
The age limit for participation in Sabah-MM2H is 30 years and above2.
Participants will be allowed to sell their properties after five years, provided they reinvest in a new home valued at no less than RM600,0002.
Why Sabah-MM2H?:
Sabah offers a unique blend of pristine rainforests, stunning islands, and vibrant cultural experiences.
Participants can explore Sabah’s rich biodiversity, enjoy outdoor activities, and immerse themselves in the local culture.
The program aims to contribute to Sabah’s economic growth and promote sustainable tourism.
For more detailed and up-to-date information, I recommend visiting the official Sabah-MM2H program website1. If you’re interested in participating, keep an eye out for the official guidelines and application process once they are finalized. Sabah welcomes you to explore its natural wonders and make it your second home! 🌴🏠

For further inquiries, you can also reach out to the Sabah Tourism Board (STB) or visit the official Malaysian Immigration Department website3 .

MAYBE MAU PRIVATISE MACAM MAMEE DULU ATAUPUN TAKEOVER OFFER MACAM OLDTOWN COFFEE... BOLEH KAYA JIKA BERLAKU ANYTIME

bALIK 20SEN++ ANYTIME... WAIT N SEE

Date Price Open High Low Volume
2024-04-26 0.130 0.135 0.135 0.130 470,300
2024-04-25 0.140 0.135 0.140 0.130 888,700
2024-04-24 0.130 0.130 0.135 0.125 967,500
2024-04-23 0.130 0.130 0.135 0.125 674,300
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
2024-04-18 0.125 0.140 0.140 0.120 5,690,700
2024-04-17 0.135 0.135 0.145 0.135 223,300
2024-04-16 0.135 0.140 0.140 0.130 1,516,900
2024-04-15 0.140 0.160 0.160 0.140 4,630,000
2024-04-12 0.165 0.165 0.165 0.160 341,000
2024-04-09 0.170 0.165 0.170 0.165 380,200
2024-04-08 0.170 0.170 0.170 0.170 110,000
2024-04-05 0.170 0.170 0.175 0.170 560,500
2024-04-04 0.170 0.170 0.175 0.170 311,900
2024-04-03 0.175 0.180 0.180 0.170 825,200
2024-04-02 0.180 0.180 0.180 0.175 417,500
2024-04-01 0.180 0.185 0.185 0.180 431,900
2024-03-29 0.185 0.195 0.195 0.180 584,500
2024-03-27 0.195 0.175 0.195 0.170 1,051,300
2024-03-26 0.175 0.190 0.190 0.175 583,800
2024-03-25 0.190 0.205 0.220 0.190 3,014,100
2024-03-22 0.190 0.180 0.190 0.170 2,744,000
2024-03-21 0.175 0.175 0.185 0.165 3,187,000
2024-03-20 0.175 0.155 0.180 0.155 8,634,900
2024-03-19 0.150 0.140 0.150 0.130 9,045,900
2024-03-18 0.135 0.125 0.135 0.120 6,905,900
2024-03-15 0.125 0.155 0.155 0.125 6,236,600
2024-03-14 0.155 0.155 0.160 0.155 511,700
2024-03-13 0.155 0.155 0.160 0.150 476,300
2024-03-12 0.155 0.155 0.155 0.150 905,900
2024-03-11 0.155 0.165 0.165 0.155 768,100
2024-03-08 0.165 0.175 0.175 0.165 239,800
2024-03-07 0.175 0.165 0.175 0.165 62,800
2024-03-06 0.165 0.170 0.175 0.165 561,600
2024-03-05 0.180 0.175 0.180 0.170 90,700
2024-03-04 0.180 0.180 0.180 0.170 92,800
2024-03-01 0.175 0.190 0.190 0.165 1,496,600
2024-02-29 0.195 0.195 0.195 0.195 0
2024-02-28 0.195 0.195 0.200 0.195 160,000
2024-02-27 0.190 0.195 0.195 0.190 150,000
2024-02-26 0.195 0.195 0.200 0.195 126,700
2024-02-23 0.200 0.205 0.205 0.195 277,500
2024-02-22 0.200 0.210 0.210 0.190 1,796,600
2024-02-21 0.215 0.215 0.215 0.210 290,600
2024-02-20 0.220 0.220 0.220 0.220 5,000
2024-02-19 0.210 0.210 0.215 0.210 64,500
2024-02-16 0.215 0.215 0.215 0.215 68,500
2024-02-15 0.210 0.215 0.215 0.210 37,000
2024-02-14 0.215 0.220 0.220 0.215 32,000
2024-02-13 0.210 0.210 0.210 0.205 87,200
2024-02-09 0.210 0.210 0.210 0.210 30,000
2024-02-08 0.210 0.210 0.210 0.210 25,000
2024-02-07 0.210 0.205 0.210 0.205 46,200
2024-02-06 0.210 0.210 0.210 0.210 0
2024-02-05 0.210 0.210 0.210 0.210 128,500
2024-02-02 0.210 0.220 0.220 0.210 542,700
2024-01-31 0.225 0.220 0.225 0.220 20,000
2024-01-30 0.220 0.225 0.225 0.220 74,000

mau terbang dAH

buy 86%
SELL 14%
9 623,700 0.130 0.135 404,700 3
30 2,003,600 0.125 0.140 110,000 2
18 2,061,200 0.120 0.145 278,000 8
10 1,277,000 0.115 0.150 275,000 7
5 1,220,600 0.110 0.155 70,000 2

cheap, less than S$20mil :) the market cap now

5169 HOHUPHO HUP CONSTRUCTION COMPANY Detailed Status Active. Member of Indices Construction
ISINMYL5169OO007Stock ExchangeBMListed OnMain MarketSectorConstructionSub-SectorConstructionCurrencyMYRShares Per Lot100Share Issued518.260mPar Value-Paid Up Cap0.000Market Cap67.373m

1.9+ reached this morning.... RM2+ next hehe

retailers saw the potential of kawan.... RM2++ coming

share buyback, powerful, rm2++ not hard hehe

[1]: https://www.hohupgroup.com.my/ ""
[2]: https://phh-groups.com/about/ ""
[3]: https://www.hohupgroup.com.my/wp-content/uploads/pdf/HHCCB-AR2021.pdf ""

**Ho Hup Construction Company Berhad**, founded in 1960 by Mr. Low Chee, has established itself as one of the largest companies in construction and related services in Malaysia. Let's delve into why Ho Hup is known for its resilience:

1. **Diverse Capabilities**: Ho Hup brings together a comprehensive range of capabilities, including **building**, **civil engineering**, **specialized intelligent building**, **trading**, and related services. Their extensive fleet of modern construction equipment further enhances their ability to tackle diverse projects¹[1].

2. **National and International Projects**: Ho Hup has been significantly involved in **national projects** that have shaped Malaysia's landscape. These include iconic structures like the **Petronas Twin Towers**, the **National Sports Complex**, the **Kuala Lumpur International Airport (KLIA)**, the **Light Rail Transit System (LRT)**, and major highways¹[1]. Their contributions extend beyond Malaysia, with successful international projects in countries such as India, Madagascar, Mauritius, China, South Africa, Thailand, and Indonesia¹[1].

3. **Market Leadership**: As a market leader in Malaysia, Ho Hup plays a vital role in major engineering structures, civil engineering, dredging, road building, and infrastructure projects. Their involvement in both private and government sectors spans high-rise intelligent buildings, stadiums, airports, highways, bridges, railways, marine works, oil and gas projects, commercial developments, and deep foundation works¹[1].

4. **Transformation and Adaptation**: Ho Hup underwent a significant transformation in 2009, diversifying its activities into three main divisions: **property development**, **construction and civil engineering works**, and **ready mix**. This adaptability has contributed to its resilience over the years¹[1].

5. **Public Listing**: On 25th February 1991, Ho Hup Construction Company Berhad gained access to the main board of Bursa Malaysia through an **Initial Public Offering (IPO)**. This strategic move expanded their market share and solidified their position as a resilient player in the industry¹[1].

In summary, Ho Hup's resilience stems from its diverse capabilities, involvement in significant projects, market leadership, adaptability, and strategic decisions. 🏗️🌟

Cont'd
It’s a disturbing phenomenon if our political leaders think that our young people are that paloi (stopid) and that they must always be “guided” by those in power and their bungled policies.

Ever wonder why our education system is in one hell of a mess today?

‘NO’ TO VIOLENCE

I can agree for Sarawak to send humanitarian aid to the innocent victims of war in Gaza just as we had contributed to those affected by other calamities in different parts of the world in the past. That is the right thing to do but we should know where to draw the line.

I will conclude by stating that I’m very disturbed by our prime minister’s declaration on April 15 that “Malaysia backs Iranian drone attacks on Israel”.

Anwar has described the attack by Iran as a “legitimate act” to the “barbarous” attack by Tel Aviv.

As a Malaysian, I’m worried for my country as it seems that my prime minister has now descended into a warmonger.

I wish to declare that the prime minister does not speak for me, a Malaysian citizen, on this support for the drone attacks. I abhor violence in all its forms and intents.

Somehow, I believe that the majority of Malaysians are sober and realistic in their views about the conflict. Only a section of politicians had gone overboard because Gaza is an extremely popular issue and they know how to cash in politically on the subject.

Let me leave with these words of wisdom:

“For great men, religion is a way of making friends, small people make religion a fighting tool.” - APJ Abdul Kalam, former president of India

Francis Paul Siah
27 April 2024

COMMENT I wish to pose this very important and serious question to Prime Minister Anwar Ibrahim and his allies in the Madani government.

I’m hopeful for a reply from the ever “caring, helpful and responsible” Madani government, hopefully from its official hotshot information chief, Fahmi Fadzil. I will humbly request a clarification from the communications minister.

My key question is this: Is there an unwritten rule or order somewhere which firmly declares that all Malaysians must support Hamas and denounce Israel? Do we have a choice?

I also wish to see this narrative straightened out. If there are Malaysians who are pro-Israel and make anti-Hamas statements, are they deemed to have committed a “crime”? This is a very disturbing issue which many Malaysians want the government to clarify.

I’m aware that a man was arrested in Johor Bahru last December over his statements supporting diplomatic ties between Malaysia and Israel.

According to the police, the case was being investigated under Section 4(1) of the Sedition Act, Section 505(b) of the Penal Code for making statements conducing to public mischief. So far, we have not heard of any update regarding the case.

I know this is a controversial subject that many will avoid talking about but I believe this is an issue of great concern to Malaysians, particularly so when we are of different colour, creed and culture.

The stakes could be high if something goes awry in such a delicate setup. Malaysians are supposed to celebrate their “unity in diversity” hallmark and proudly parade it to the world but today, we seem to be drifting further and further apart.

BE PEACEMAKERS

Something is just not right somewhere.

I do wonder at times if Malaysians are now pushed to the wall and forced to partake in the Middle East conflict, having to stand with Hamas/Palestinians and praying/hoping/wishing that the Jewish race will be wiped off from the face of the earth.

Let me reiterate my stand as an individual and a Malaysian on this Middle East conflict.

My position, from day one (right from the start of this latest war in early October last year), is this and it has not changed:

If Malaysia really wants to help, let us play the peacemaker role and assist in finding solutions. By taking sides, we become part of the problem.

I find it absurd that Malaysia had also called for a ceasefire later in the conflict and also intended to join the UN peacekeeping force.

The prime minister has declared to the world that Malaysia supports Hamas. Once that stand is taken, who will listen to your ceasefire call which contradicts your earlier support for one side in the conflict? Malaysia should have called for a ceasefire at the very beginning.

I’m also not sure that sending our troops for peacekeeping duties at this stage is a good idea, especially after Malaysia has earned the wrath of powerful allies connected with the conflict.

DON’T BE BUSYBODIES

Now, allow me to stress some points, as a Sarawakian. I can say for a fact that in general, Sarawakians are poles apart from Malayans on certain issues, particularly those related to racial and religious extremism.

No, Sarawak does not want anything to do with wars and conflicts involving terrorists, violence and deaths abroad.

As far as I’m concerned, the Middle East crisis has nothing to do with us in Sarawak. If two tribes 8,000km away cannot get along and are bent on killing each other with no intention to make peace for decades, we say good luck to them.

Let us not be busybodies and poke our noses into the affairs of others.

I’m not sorry for sounding a little selfish by highlighting the Gabungan Parti Sarawak (GPS) government’s slogan of “Sarawak First” in this context.

Why, GPS leaders must have good reasons to think of “Sarawak First”, moving forward. It’s our way of telling Malaya, “Enough lah. We have been taken for a ride for too long. Time to help ourselves.”

I have not heard of even one Malay/Muslim leader in Sarawak talking about the conflict as if it were a matter of life and death for Sarawakians. Shall I say that we are more sober and focused on this matter?

No Sarawakian leader commented on the case of the American professor who was deemed to have offended Malaysia with his pro-Israel statements in his lecture at Universiti Malaya.

I like to think that we, Sarawakians, believe that our students in UM and elsewhere are intelligent enough to decipher whatever views or opinions are thrown at them. Allow them the space to think for themselves.

Dah mau surrender dah hehe Sungguh indah

A Hamas delegation will visit C airo on Monday for talks aimed at securing a ceasefire, a Hamas official told Reuters on Sunday, as mediators stepped up efforts to reach a deal ahead of an expected Israeli assault on the southern city of Rafah.

Kulai, Bukit Jalil, and Kota Kinabalu are considered good potential areas for property investment due to several reasons:

Kulai: Kulai is expected to continue being the top destination for future investments in Johor due to its strategic location1. It has a world-class smart and sustainable development called Ibrahim Technopolis (Ibtec), the data centre hub of Sedenak Tech Park and Senai Airport City1. The state has introduced the Johor Fast Lane, which aims to streamline processes, cut red tape and reduce bureaucracy, making it easier for potential investors to receive swift approval for high-impact projects in the state1.
Bukit Jalil: Bukit Jalil offers some high-rise properties with decent rental yields and a strong potential for future growth234. It is easily accessible and well connected via an existing network of highways such as Bukit Jalil Highway, KESAS Highway and Maju Expressway as well as a vast network of roads3. Other main public transportations include Rapid KL Bus and LRT services via Awan Besar station3. More investors are seen in newer non-landed developments, as they foresee a price uptrend, given the suburb’s good accessibility and potential4.
Kota Kinabalu: It’s worth noting that Kota Kinabalu, the capital of Sabah, is known for its bustling tourism industry, retirement paradise and rich natural resources. These factors contribute to its potential as a property investment hotspot. The city’s ongoing development, improving infrastructure, and increasing connectivity make it an attractive location for property investors.
In conclusion, the strategic location, good infrastructure, accessibility, and potential for future growth make Kulai, Bukit Jalil, and Kota Kinabalu good potential areas for property investment.

good4hohup hehe

Property prices in Malaysia are expected to rise due to several factors:

Economic Growth: A strong economy can lead to increased demand for property, pushing up prices11. As the economy grows, people have more disposable income and are more likely to invest in property11.
Rising Construction Costs: Increasing construction costs are a significant factor contributing to rising property prices11. The cost of building materials such as steel and cement has been increasing11. This leads to higher construction costs, which are often passed on to the buyer, resulting in higher property prices11.
Inflation: We are currently in an inflationary environment that’s at a multi-year, multi-decade high due to supply chain bottlenecks and years of negative to low-interest rates24. Inflation pushes up the value of goods, including property24.
Land Prices: Land price increases widely depending on a range of factors such as land use, local planning regulations, proximity to main centres, whether it is serviced or has the underlying infrastructure, and so on35.
Urbanisation: With the city becoming more populated, new malls, schools, and other amenities are rapidly being built43. This means that apartments and houses are being built nearer to conveniently located amenities43.
Government Policies: Government policies can also affect property prices56. For example, import restrictions on specific construction materials, long-term development plans, the increase in petrol/diesel prices and electricity tariffs, and the imposition of a goods and services tax56.
In conclusion, better economic growth, rising construction costs, inflation, land prices, urbanisation, and government policies are some of the many factors contributing to the rise in property prices in Malaysia.

better late than never, yah!

Ho Hup Construction Co Bhd, a construction and property development company in Malaysia, can improve further by focusing on several key areas:

New Property Launches: Ho Hup can accelerate its profit growth by launching new property projects1. The company has better earnings visibility from its RM1.8 billion property project launches1. The main impact will be seen as the company launches new projects in Kota Kinabalu, Kulai, and Bukit Jalil1.
Expanding Property Development Division: Ho Hup can focus on expanding its property development division to generate profit and cash flow quickly2. The company owns a 60-acre commercial tract within the freehold Bandar Bukit Jalil township in Kuala Lumpur, which has a potential gross development value (GDV) of some RM1.75 billion over the next 8 to 10 years2.
Strategic Project Launches: The company can strategically launch its projects when the timing is right. For instance, with Bandar Bukit Jalil established over the years with an existing surrounding population, the timing could be right for launching the Jalil City project2.
Partnerships with Retailers: Ho Hup is in talks with several hypermarket retailers to set up shop on a 9.2-acre site in Jalil City2. This can enhance property values and attract more buyers.
Improving Financial Performance: Ho Hup can work on improving its financial performance. In the past, the company’s net profit fell, although its quarterly revenue climbed1. By focusing on profitable projects and efficient operations, the company can aim to improve its financial performance.
In conclusion, by focusing on new property launches, expanding its property development division, launching projects strategically, partnering with retailers, and improving financial performance, Ho Hup can improve further. These strategies can help the company to grow and succeed in the competitive construction and property development industry.

The demand for higher-priced properties in Malaysia is influenced by a complex interplay of economic conditions, interest rates, inflation, construction material costs, infrastructure development, and supply and demand dynamics. It is important to note that these variables can differ greatly depending on the location and time.

many saw the potential of kawan, touched 1.91 just now.... on the way back to RM2+++

waiting for sudden surge for few sen hahaha

All markets in Asia are rising today check it out yah

Premium properties unlike for B40 are recovering :)

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