No more takeover target say Cocoaland ED

Jeco is benefited from paying lesser Purchase Price which was reduced by SGD2,000,000 i.e. from SGD6,000,000 to SGD4,000,000

Deed of Amendment in respect of the Sale and Purchase Agreement dated 29 January 2016 on the Acquisition of 100% equity interest in IBB Pte Ltd by Jeco (Pte) Limited, from Helgo Neugebauer for a cash consideration of SGD6,000,000


1.96

bonia up

JOHOR, Malaysia, Sept 22 (Reuters) - Some 15 km (9 miles) from the bustling port of Singapore,
a rusting tanker as big as the world's largest aircraft carriers lies idle in a muddy estuary flanked by mangrove trees on the coast of southern Malaysia.
The 340-metre (1,115 ft) "FPSO Opportunity", a hulking so-called Floating Production, Storage and Offloading (FPSO) vessel capable of drilling for oil in deep waters, is currently surplus to requirements along with scores of other rigs, tankers and support vessels in an era of cheap oil.
The fleet of mothballed giant vessels anchored around Southeast Asian waters is the physical fallout of an oil downturn heading into its third year, and a stark reminder of how badly the industry miscalculated market conditions.
"There was a misguided focus‎ on scarcity in the supply side from the early 2000s," said David Fyfe, head of research at oil and commodity trading firm Gunvor.
"As an industry, they were complacent. They thought because cost was high, prices will remain high ... (but) then there was the advent of shale. Since that period, there is a realization that there is no scarcity of oil."
The shale revolution turned the United States into one of the world's biggest oil producers, at a time when exporters in the Middle East and Russia were also pumping out record volumes, causing oil prices LCOc1 to more than halve since mid-2014 to under $50 per barrel.
The FPSO Opportunity, which has been laid up for over two years, was built in 1972 and operated by Chevron CV.N and Australia's Woodside Petroleum WPL.AX before being taken over by a Bermuda-registered FPSO Opportunity Inc in 2011. The newest owner could not be reached for comment.
NEW LANDSCAPE
The growing number of vessels anchored in the Johor river estuary is changing the landscape for the locals.
"I've been coming here to fish every day for 10 years, and never have there been more ships parked," said an angler named Aiman, sitting on an unused pipeline lying on the beach.
"It is quite intimidating to come here before dawn and to find, with the first rays of sun, another big ship has been parked here," he added, with his line dangling in the river.
And it's not just Malaysia that has become the dumping ground for idled oil equipment.
Across the Singapore Strait,in the bays of Indonesia's Batam island, over a hundred oil drilling and support vessels have been sitting idle for months, or even years. (Full Story)
While laying up ships is legal and even provides profit to specialist mothballing companies, environmental groups say the growing number adds to the risk to flora and fauna.
"The idling oil tankers risk polluting the marine environment, which a sizable population of the riverine fishermen rely on for their living," said Vincent Chow, chairman of the Malaysian Nature Society in Johor, citing the threat of dissolving paint and potential leakage of heavy metals and fuel into the sea.
COST OF DOING NOTHING
The armada of laid-up vessels shows how the shale boom caught the oil industry off guard and scuppered plans to drill for new fields.
Energy consultancy Wood Mackenzie said global exploration spending halved in 2015, while BMI Research sees capital expenditure among oil producers suffering another sharp decline this year.
Struggling drilling companies are paying to lay up rigs in the hope they will survive until demand picks up again. (Full Story)
The cost depends on size and location, and whether they are in a so-called "hot lay-up", whereby equipment is kept operational so the vessel quickly returns to service, or "cold lay-up" whereby ships can be mothballed for years.
Cold lay-up for a rig or large oil tanker costs $20,000 to $25,000 a month in Johor, said Balasubramanian Krishna, operations manager at Malaysian lay-up specialist Ocean Shipcare, while laying-up a small supply vessel costs $3,000 to $4,000 a month.
Matti Bargfried, head of marketing at maritime software company CODie, said a lay-up time of several years could make re-commissioning lengthy and costly.
"The main concern here is preservation against humidity, leakage of chemicals and condition of the hull," he said.
This means that some of the idled vessels may have to be scrapped in yards in countries such as India or Bangladesh, although shippers say the current cost of the journey may be more than their scrap value.

Several consumer goods in talks to buy malaysian based cocoaland the Wall Street Journal reported on Sept. 15. The financial terms of the deal were not disclosed, citing people familiar with the matter.
Cocoaland deserves a premium valuation due to its attractive dividend yields of 4%, debt free position, strong brand value and rising global position. Its valuations are also supported by its position as a takeover target and exporter in a defensive sector (F&B).

collecting now

2.80

Fund manager selling rhb

7.02

the one who get at 5.40 will sell. so a lot time to buy

recover

Sam Engineering & Equipm(...)'s
registered activity is in the Industrial
Machinery & Equipment industry.
The company is a mid-cap stock
currently trading at a multiple of
15.54 times earnings.
we expect the
stock price to appreciate by 1.161 in
absolute terms to reach 8.69. And, in
relation to its current level (7.5000),
we estimate a potential gain of 15.9%
over the coming year.

Sam Engineering & Equipm(...) has strong business growth and is
run by efficient management. The trend in Sam Engineering & Equipm(...)
fair value exchange rate against its closest rated-competitor

Financial Summary Announcement - Quarterly rpt on consolidated results for the financial period ended 30/06/2016(PARAMOUNT CORPORATION BHD) PRMS.KL - BMYS


17-Aug-2016 13:09


Company Name : PARAMOUNT CORPORATION BHD
Stock Code : 1724 (RIC : PRMS.KL)
Quarterly rpt on consolidated results for the financial period ended 30/06/2016
Financial End Date : 2016/12/31
Financial Quarter : 2nd Quarter
Financial Column Indicator : C1
Income Statement Header Code : Current Year Quarter
Financial Period from Date : 2016/06/30
Financial Period to Date : 2016/06/30
Revenue : 145306
Investment Income : 0
Other income including Interest Income : 0
Operating Profit/Loss before Int, Dep & Amo, Tax, MI and EI : 0
Interest on borrowings : 0
Depreciation and Amortisation : 0
Exceptional Items : 0
Operating Profit/Loss after Int, Dep & Amo, Tax, MI and EI : 0
Share in results of associated company : 0
Profit/Loss before Taxation, MI and EI : 32870
Taxation : 0
Profit/Loss after Taxation before deducting MI : 0
MI in respect of Profit/Loss after Taxation : 0
Pre-acquisition profit/(loss) : 0
Profit/Loss after Taxation and EI : 25541
Extraordinary Items : 0
MI in respect of EI : 0
Extraordinary Items attributable to S/Holders : 0
Profit/Loss after Taxation : 23912
Basic Net EPS (Sen) : 5.65
Diluted Net EPS (Sen) : 0.00
NTAB per share (RM) : 2.1300
Value Indicator :
Gross Dividend per share (Sen) : 2.50
Dividend description :
Remarks :
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Yee Lee’s consumer staples-focused business remains largely intact but Red Bull
sales volume may have eased yoy. Despite near-term softness in consumer
sentiment, the company’s warehouse expansion plan suggests its confidence in the
medium- to longer-term outlook. We like Yee Lee for its resilient business coupled
with an undemanding 9x 2017F PE, particularly in the current volatile market.
Maintain BUY.

7.63

no yield

look like Malaysia no hope.

7.25

will come down

will drop further

yeelee

than sell

but this company still can pay dividend at 40 sen per share for 2 years. just from the cash it have after minus the investment

no people buy

maybe not

buy until when

who is buying actually

very hard to break 8.00

too high hope will lead the price down even faster

today buy still got dividend

revise offer

sop buy shin yang land.

yeap correct

2.65

10.00

10.00

market is down....buying time

this is opportunity to buy

if there revise

the most is 2.85

Interim dividend and special dividend

The reasons for investing in SAM are as follows:

(1) SAM is owned (70%) and controlled by Temasek.

(2) SAM is trading at 13x earnings via-a-vis PEG of 0.85.

(3) It's business of manufacturing aircraft components provides the company with a wide moat as the quality of products are very high. These aircraft parts have to be of the highest quality. Berkshire Hathaway bought over Precision Castparts recently. Precision is in the same business as SAM.

(4) SAM has a RM3.5bil order book (as per article in Edge Daily). This should place SAM on a sound footing.

The reasons for investing in SAM are as follows:

(1) SAM is owned (70%) and controlled by Temasek.

(2) SAM is trading at 13x earnings via-a-vis PEG of 0.85.

(3) It's business of manufacturing aircraft components provides the company with a wide moat as the quality of products are very high. These aircraft parts have to be of the highest quality. Berkshire Hathaway bought over Precision Castparts recently. Precision is in the same business as SAM.

(4) SAM has a RM3.5bil order book (as per article in Edge Daily). This should place SAM on a sound footing.

6.86

Operating profit still plunging, down 37% yoy
Meanwhile, the group’s 9MFY6/16 operating profit declined 37.1% yoy to RM44.6m
pulling down EBIT margin by 4.1%pts to 8.8% (vs. 12.9% in 9MFY6/15). The main
earnings drag was the soft showing from its Malaysia operations (commands 80% of
9MFY6/16 PBT) where multiple discounts and promotional campaigns were launched to
push sales. We also understand that the group has not passed on the additional costs of
GST since last year, which also impacted earnings.
Consumers still spooked by higher cost of living
We continue to expect margins to come under pressure as the group continues its
aggressive promotions and campaigns to drive sales growth. Additionally, we believe
that recovery in demand for consumer discretionary products may be limited for now,
with consumers opting to spend only on necessary F&B products instead.

FY16 remains challenging
Bonia’s 9M16 core net earnings of RM20.8m came below our and
consensus expectations (69% and 61% of full-year forecasts
respectively). As expected, the gross profit margin contracted by
3.8ppts to 55.3% given the higher discounts and promotions to attract
customers and higher cost of imported goods due to the weakened
Ringgit. We cut our EPS forecasts by 12-17% by assuming lower
revenues, and maintain a SELL with a lower TP of RM0.47.

6.30