any news?

apa macam, big selling force

any news for IRETEX?

exercise price is 10 sen feb of 2016

i guess will break 20 cent in few days time

yeah....

u masuk apa harga?

Ayam tua, u ada beli ke?

mother TP 32 cent, warrant TP 25 cent

now 18/ 18.5 cent already. TAKA u got holding of this share?

The Sarawak Housing and Real Estate Developers’ Association (SHEDA) has urged the government to make building materials zero-rated from the Goods and Services Tax (GST) as well as to reclassify residential properties.

SHEDA secretary-general, Sim Kiang Chiok revealed that the association has appealed to the federal government via a joint memorandum with Sabah Housing Real Estate and Developers’ Association (SHAREDA) and Real Estate and Housing Developers’ Association (REHDA) for building materials – such as bricks, cement and steel bars that do not attract sales tax – to be zero-rated from GST.

“Doing so will not add any cost to the materials, thus building costs will be less impacted by the GST,” said Sim during the GST Property Development Perspective Seminar held yesterday.

“Any increase in supply cost will naturally spillover into an increase in building costs…This is simply a case of logical progression and mathematics,” he added.

Aside from this, SHEDA also called for residential properties to be reclassified as zero-rated supply instead of exempt-rated in order that suppliers and contractors may claim input credit tax and not be forced to significantly increase the cost of building homes.

Sim explained that developers will not be able to claim back the GST imposed on building materials if residential properties are exempt-rated.

“An inability to claim back such tax will also naturally lead to higher building and development costs,” he said.

What the public does not know is that developers have to bear a significant amount of capital to successfully complete a project, said Sim.

“They have to comply with the requirements of over 14 agencies and are liable for severe penalties as well as heavy risks.”

SHEDA’s GST seminar yesterday was held to educate the public on the impact of GST on the property sector. Held in collaboration with IFCA MSC Bhd (IFCA), the seminar was facilitated by Daniel Chow, the chief financial officer (CFO) of IFCA.

The Sarawak Housing and Real Estate Developers’ Association (SHEDA) has urged the government to make building materials zero-rated from the Goods and Services Tax (GST) as well as to reclassify residential properties.

SHEDA secretary-general, Sim Kiang Chiok revealed that the association has appealed to the federal government via a joint memorandum with Sabah Housing Real Estate and Developers’ Association (SHAREDA) and Real Estate and Housing Developers’ Association (REHDA) for building materials – such as bricks, cement and steel bars that do not attract sales tax – to be zero-rated from GST.

“Doing so will not add any cost to the materials, thus building costs will be less impacted by the GST,” said Sim during the GST Property Development Perspective Seminar held yesterday.

“Any increase in supply cost will naturally spillover into an increase in building costs…This is simply a case of logical progression and mathematics,” he added.

Aside from this, SHEDA also called for residential properties to be reclassified as zero-rated supply instead of exempt-rated in order that suppliers and contractors may claim input credit tax and not be forced to significantly increase the cost of building homes.

Sim explained that developers will not be able to claim back the GST imposed on building materials if residential properties are exempt-rated.

“An inability to claim back such tax will also naturally lead to higher building and development costs,” he said.

What the public does not know is that developers have to bear a significant amount of capital to successfully complete a project, said Sim.

“They have to comply with the requirements of over 14 agencies and are liable for severe penalties as well as heavy risks.”

SHEDA’s GST seminar yesterday was held to educate the public on the impact of GST on the property sector. Held in collaboration with IFCA MSC Bhd (IFCA), the seminar was facilitated by Daniel Chow, the chief financial officer (CFO) of IFCA.

The implementation of the goods and services tax (GST) by the government starting next April will result in companies needing to upgrade their internal business and accounting system. A prime beneficiary of GST implementation is IFCA MSC Bhd (IFCAMSC), an integrated business software provider specialising in the property industry.

In its latest annual report, IFCAMSC stated that it was the first property software company to have gained certification and accreditation from the Royal Malaysian Customs on March 12.

In the first quarter (Q1) ended March 31, 2014, IFCAMSC recorded a revenue of RM13.69 mil which represented a 40% growth over the RM9.78 mil achieved in the same period in 2013. The improved revenue is due to higher billings in software sales and training/implementing services primarily in the local market, according to the statement by IFCAMSC in the notes accompanying its latest financial results.

As a result of significant higher revenue, IFCAMSC turned around from a net loss of RM510,000 in Q1 2013 to a net profit of RM420,000 in this latest quarter. IFCAMSC has a net asset value per share of 11 sen and it is sitting on a cash pile of RM28.4 mil.

IFCAMSC indicated that the outlook for the rest of this year is promising as business momentum continues to be strong across all business units. The company also pointed out that the introduction of GST in April next year is a catalyst to its local business growth due to existing as well as new customers needing an upgrade of their system to meet the GST reporting requirement.

IFCAMSC is believed to have a substantial market share in the local property software industry with household property names such as Sime Darby Bhd and SP Setia Bhd amongst its customers. - See more at: http://www.focusmalaysia.my/Markets/IFCAMSC-WA-to-benefit-from-GST#sthash.gcNHxXjq.dpuf

http://sarawak-advocates.org.my/attachments/743_GST%20Seminar_pdf%2018.06.2014.pdf

POWER !!!

18.5 cent !!!!!!!!!!!!!!!!!!

bought 11 cent 58 lot

maybe will break 40 cent

LOL

CFO already sell off, this is good news

tidur la, besok market tutup

lol rm 3.35

sumatec siapa masih holding?

lol

Take over price is rm0
.16 per share. Combine 10 inyo 1 to make ut rm 1.60

17 july got news?

yesterday mana ada buka?

lol i nak tutup pc already, SUMA is sleeping

lol ZHANG JIAN nak kena tangkap ni

PM got how many brother? i thought is CIMB's CEO

Dr. Ahmad Johari bin Tun Abdul Razak ? this guy is PM brother ?

how u know PM brother buy sumatec?

On behalf of the Board of Sumatec, M&A Securities Sdn Bhd wishes to announce that the Company, had on 11 July 2014 entered into a framework agreement with Abu Talib bin Abdul Rahman and Dr Murat Safin (collectively, the “Vendors”) for the purpose of pursuing the proposed acquisition of 100% of the issued and paid-up share capital in Borneo Energy Oil and Gas Limited from the Vendors (“Framework Agreement”) (“Proposed Acquisition”).
Further details of the Framework Agreement is provided in the attachment attached herein.
This announcement is dated 11 July 2014.

macam ada resistance kat RM .43

making of higher high

Not yet la

don't simply listen to people who didn't do any research...
check 1st before u trust them.... i go google and i found that we can use 8 LA to convert 1 mo\ther share.

I bought 100 lots at rm 0.065 yesterday

When Ire-Tex ICULS (Iretex-LA) and warrant (Iretex-WA) were first listed on June 16, confusion over the exercise and conversion terms of Iretex-LA created a big opportunity for arbitraging for the shareholders of Ire-Tex. While subsequent buying interest of Iretex-LA have narrowed the conversion discount of Iretex-LA, the ICULS is still trading at a much cheaper valuation than Iretex-WA.

When Ire-Tex ICULS (Iretex-LA) and warrant (Iretex-WA) were first listed on June 16, confusion over the exercise and conversion terms of Iretex-LA created a big opportunity for arbitraging for the shareholders of Ire-Tex. While subsequent buying interest of Iretex-LA have narrowed the conversion discount of Iretex-LA, the ICULS is still trading at a much cheaper valuation than Iretex-WA.

Feimaw, as compared with public bank remiscier, the converting of LA is totally different with what you say.

i think 6 cent is the bottom instead

Feimaw, any idea?

16 cent dropped to 6 cent !!!!!!!!!!

dono, what happen?

sold off CA at RM 0.225 500 LOT

CA UNTUNG LO IF BUY MORNING

3.32.............

Inari Amertron has proposed a 1-for-8 rights issue at an indicative price of MYR1.50. The rights shares will come with free warrants at a 1:1 ratio at a MYR2.00 exercise price. We advise investors to subscribe for the rights shares as we believe the proceeds raised (estimated at >MYR100m) will likely be used to expand its core businesses to propel earnings growth in the long run. Hence, we maintain BUY, with our FV still at MYR3.49 (or MYR3.16 ex-rights).

Salient details. The rights price of MYR1.50 represents a discount of 49.1% to its theoretical ex-rights price of MYR2.95, based on its last closing. At its existing share base of 534.8m shares, we estimate that the rights issuance could raise MYR100.3m.
Utilisation of proceeds. Management highlighted that some MYR60mof the proceeds raised will be used to expand its existing businesses, which would involve setting up new plants as well as procuring new equipment. This, in our view, would most likely cater for future growth opportunities within its radio frequency integrated circuits segment, as we have highlighted previously that existing capacity is almost fully occupied at an average utilisation rate of over 85%.
In-the-money warrants. The indicative exercise price of the warrants at MYR2.00 implies a discount of 32.2% over Inari Amertron’s theoretical ex-rights price of MYR2.95. This, in our view, would entice investors to subscribe for the rights as the warrants will be issued deep in the money.On a side note, its major shareholder Insas (INS MK, NR) has agreed to subscribe for its entitlements of the rights shares in full via Insas Technology and Insas Plaza SB.
Maintain BUY. We believe the cash call would help to expand Inari Amertron’s core businesses to propel earnings growth going forward, and advise investors to subscribe for the rights shares. Maintain BUY, with our fully-diluted FV unchanged at MYR3.49 (16x CY15F P/E). Upon completion of the proposed rights issue, our ex-rights FV would be adjusted to MYR3.16. While this may appear to offer limited upside fornow, we will revisit our model upon management’s confirmation of the potential earnings accretion from its new expansion opportunities ahead.

lee9fold bila ex-date nak right issue?