They have been doing this for many years. You can checl their historical releasing date and advance checking can be refer to bloomberg as well.

The operating profit is so good. Its not just normal but quite good.

Another good prospect is the sewage water treatment plant which is ekovest's expertise. Not much peoples aware of this biz opportunity.

Ya. Div rise more than 50%

Operating profit grow >60% yoy
Low profit in q4 mainly due to higher tax and wihout oneoff fv gain in same quarter last year. I personally think their performance is good.

I like this company. But if they can expand their downstream biz that would be good

Every 100 changes in cpo price will increase or decrease 7% of sop profit. Yes. Production will be higher.bear in mind that sop production in 2h 16 has returned to normal. This year production increase mainly from new acquition. And will off set by low cpo price compare to last year 2h16. And the forwars contract also try to stabilize the price at 2.8K. There is a reason i said 55m last year q3 profit about 37m. Mom for july about 115%. Q117 average selling price above 3k. Q217average selling price at2.8k. I believe q3 average selling price will be at 2.7k. Strenthen in rm will have negative impact on cpo as well.

average cpo price for aug16 to dec16
2,657.39
2,845.13
2,729.65
2,914.91
3,201.71

Maybe you can revisit your previous comments as well.

Did you track sop production and selling price. Industry demand and supply also the production?

Good. TP revised upwards. To continue monitor the cpo price and the issues surrounding the plantation industry will lead you to right direction. Earning for 2H may not be higher than 1H. Especially Q3, may see some lower earnings i.e. around 55mil. Nevertheless, i would still believe the fy2017 profit will still beat maybank research report of rm183m. Good luck guy.

It was due to forward contract.

Hardly. Bcos palm oil sentiment still not that good. Wait and see how market react. But i believe analyst will revised tp upward next week

（吉隆坡18日讯）虽然科技已经上涨了两年，但我国今年回酬最高的基金经理认为，这股涨势至少会延续2年时间，归功于全球对智能汽车和手机的需求量增加。Inter-Pacific资产管理有限公司总执行长林志诚（译音）接受彭博社专访时预测，市场对汽车和手机的需求量提高，推动国内科技股攀升，这股涨势至少会延续多2年。

他解释，由于汽车越来越朝向自动性能发展，进而推动电子零件需求量日益提升。

“世界最畅销的产品不是手机，而是汽车，且后者的价值比手机高得多。”

“手机如iPhone可能有几个光二极管（LED）零件，但汽车所拥有的相关零件会更多。”

专心寻宝不看综指

另一方面，37岁的林志诚分享到，他在投资上采取集中策略，手上持股从来不会超过40家公司。基金持有的公司股权规模，占其基金投资组合的比例至少3%以上。

“从事基金经理的工作是沉闷的，若找到了投资目标公司，就买入，然后等待获利。”

林志诚提到，投资者应该忽略市场上的噪音，即使找不到任何新的投资对象公司，他也不会任意购入公司股票。

他也透露，平时都在留意和买入未来获利表现持续提升的科技和制造领域股项。

另外，与其他投资者不同，林志诚几乎没有追踪富时吉隆坡综合指数的最新走势，他宁愿将时间放在寻找新的投资对象。

“我们分析的方式（与外界）差别很大。某种意义上，我已经‘关闭’对市场近况的追踪，只是专心发掘潜在投资公司。”

“如果你问我目前的综指走势，我甚至不知道。”

从时事找灵感

此外，林志诚在选股进场时，常会从身边的事物和新闻资讯找灵感。

他指出，5月份爆发“想哭”（WannaCry）病毒勒索软件肆虐事件后，立即购入网络安全软件制造商Systech（SYSTECH，0050，创业板科技股）股票。

自今年6月份以来，Systech的股价已经飙升了65%，从5月杪的27.5仙，升至目前的45仙水平。

“大马在网络安全方面的投资，仍处于起步阶段。我们进场得早，因此才能取得良好的回酬。”

除了科技领域外，也是摩托骑士的林志诚，留意到越来越多驾驶者选择雅马哈（YAMAHA）摩托车，因此，也买入组装和销售该品牌摩托的丰隆工业（HLIND，3301，主板消费产品股）。

“自2014年以来，丰隆工业的股价几乎翻了一倍，而近期来我看到越来越多雅马哈摩托车在路上，这让我重新留意该股。”

丰隆工业从2014年杪的4.49令吉，攀升至目前的9.80令吉水平。

投资收益捐慈善

林志诚早前在掌管440亿令吉资产的兴业银行资产管理公司任职。

在去年12月起，担任丹斯里陈志远旗下Inter-Pacific资产管理高职，管理5000万令吉资产，因为新东家让他成立一个社会企业基金。

林志诚在投资上取得卓越的成就，但真正让他感到喜悦的，是将一半薪资，捐助国内有需要的非宗教非盈利组织。

此外，他也将在股票投资获利的20%收益，捐助作为社会企业基金。

“我不会在工作时，考虑我可以为自己赚取多少利润。”

基金回酬51%独领风骚

科技股暴涨，让Inter-Pacific动态股权基金在上半年增长46%，当中，符合回教交易的投资组合基金更增长了51%，在投资马股的246家基金公司里独领风骚。

据彭博社报道，截至今年5月杪，该基金的亮眼成就，主要因为占基金比例高达38%的科技股表现。

该基金持有的科技股，包括半导体机械制造商维视机动（VIS，0120，创业板），以及硬盘和汽车的精密零件制造商艾尔软体（ELSOFT，0090，主板科技股），两项股在今年平均增长了1.57倍。

当中，艾尔软体是该符合回教教义的基金投资组合中份额最大的投资，主要从事制造光二极管测试仪器。

维视机动已从去年杪的36.5仙，涨至目前的1.25令吉。

而艾尔软体则从1.42令吉，升至2.81令吉。

More to come (mbb)

Who attended agm

big cap pe vs small cap pe

The BM project will still sub to local construction companies. Opportunity always there. Getting so many projects but couldnt complete on time will create more problems.

Ekovest expertise. Hope they can get some from it

http://m.themalaymailonline.com/malaysia/article/pm-says-targeting-construction-of-77-sewage-treatment-plants-by-2040

http://m.themalaymailonline.com/malaysia/article/dpm-govt-mulls-possibility-of-building-houses-on-sewage-treatment-plant-are

to benefit only after 3 years may not happen in efficient market, is malaysia an efficient market? some construction cost can repackage in TL with land as security, we wouldnt know under the it materialize, we shouldnt just focus on one, there are so many on-going project, it will dilute but may also be off set against the high eps in next 3 years.

this tp is not done by analyst, analyst did not derive anything yet, and we do not how they actual fund the construction cost of950m, based on the news, they said 30% internal fund and 70% borrowing. construction also based on progessive release, only in final will be higher, if the manage to IPO the highway, that would be enough to cover the cost, cost will weigh in 2019 and onwards but at the same time the earning may be higher in 2019 from other projects, so just let the anlayst find out from the management, then we can gather the info from the report(not the way analyst analize:))

it would take years i.e. 10 to completely develop the land bank.

yes, it would dilute the eps when the cost of i.e. 70% of 950m take place,

it would take into the consideration cost, interest, when and property price and wacc and etc when derived the RNAV, is a NPV

ekovest has big plan, they planned well, if can implement well, it would be a good company, let not talking about the politic link share

even with the rnav, the discount is to be given for the comp like ekovest,

the writer could have used the simple method how the RNAV derived for the existing 6.5B of the gdv for the same locality of the land

Assuming 15% profit margins for RM9 billion GDV, Ekovest's RNAV will increase by 63 sen. TP to increase from 1.55 to 2.18

analyst will only revised the RNAV to incorporate the latest development i.e. 9b of gdv when they got the detail of the development plan from the management, otherwise they will just derive based on the land value.

developer could have been paid more if they want to buy the land after 2 3 years, so even if the construction cost is overrun by reasoable % i think its ok, this is biz you can control but may not be manageable all time

by land and keep with cash and financing is not so uncommon,

the writer is not wrong about that with the some assumption, it may not meant for the property to be launch immediately and 100% sale and etc. it could be launched after 6 or 8 years, with the adjustment of property value, rate and etc, the rnav may or may not be the same,but its about the npv of the valuation.

i think you guys may have bit confuse with the interpretation of RNAV

16b is an asset based on the land availabek to derive the potential gdv. Not project. Project is being awarded. With the existing projects property development and toll consesssion. The rnav of this company is very high. I do believe analyst will only revise upwards. The price will eventually move towards the rnav

@niki. There're i downloaded all report for jan 2017 onwards there.

niki...you can get it from bursamarketplace.com

you can get the report from bursamarketplace

Go find our yourself. Current one is 1926

LONDON, July 13 (Reuters) - Aluminium rose nearly 3 percent on Thursday as concerns over potential supply curbs in number one producer China sparked a rally in the metal.

Talk that more capacity cuts were on the way in China fed into broader-based concerns over slowing output to push prices higher, analysts said. An industry association said last month that China will launch a crackdown to curb illegal expansion of aluminium capacity.

"This is all about the looming cutback to Chinese supply growth, due to both the current investigation into illegal capacity, and in the medium to longer term the expected slowdown in Chinese capacity growth," Julius Baer analyst Carsten Menke said. "Demand is not the issue -- it's all about supply."

London Metal Exchange warehouse inventories hit their lowest since 2008 this week.

* ALUMINIUM PRICES: Three-month LME aluminium was untraded in official midday rings, but was last bid up 2.1 percent at $1,928 a tonne. Earlier it hit a peak of $1,943.

* INVENTORIES: Aluminium stocks in LME warehouses MAL-STOCKS fell another 6,525 tonnes, data on Thursday showed, taking them back towards this week's near nine-year low.

Here for us to share the informative info and share on anlyst with supporting info other thing just keep for ourself

THREE executive directors of Press Metal Bhd raised their individual stakes slightly in the integrated aluminium manufacturer, collectively acquiring 22 million shares on June 16. That day, 23 million shares changed hands in four direct deals off market at RM2.70 each, just above the RM2.68 they fetched on the open market.

The trades happened ahead of the stock’s suspension on June 19 to facilitate a proposed share swap between the company and Press Metal Aluminium Holdings Bhd as part of an internal reorganisation.

According to filings, Datuk Koon Poh Tat and Koon Poh Kong bought six million shares each while Koon Poh Weng bought 10 million. Poh Tat now holds a direct 3.21% stake in the company while Poh Kong and Poh Weng hold 2.51% and 4.15% respectively. They are also deemed interested in shares held by their respective spouses.

Press Metal’s share price rose to an all-time high of RM2.913 on April 28. Closing at RM2.68 last Tuesday, the stock was up 70.48% year to date.

The rally in the share price was likely due to its improved earnings in FY2016 ended Dec 31. The company posted a record revenue of RM6.65 billion, thanks to increased production, higher aluminium prices and the strengthening of the US dollar against the ringgit, while net profit surged 265% year on year to RM483.57 million. In 1Q2017 ended March 31, net profit rose to RM148.05 million from RM94.56 million during the same period last year.

Sugar price up. Need to restock sugar at higher price. Cost will increase. Management told the analyst. Pls check ambank research report

PMA’s entire issued and paid-up share capital of RM943,397,512 comprising 3,733,639,927 ordinary shares and 305,201,443 warrants in PMA will be admitted to the Official List of Bursa Securities in place of PMB. The listing of and quotation for the PMA Shares and PMA Warrants on the Main Market of Bursa Securities will commence at 9.00 a.m. on Monday, 10 July 2017, on a “Ready” basis pursuant to the Main Market Listing Requirements of Bursa Securities. The PMA Securities will be listed on the “Industrial Products” sector of the Main Market of Bursa Securities.

http://www.klsescreener.com/v2/news/view/249477

But china govern stop them then

They want wanda to join la

Verbally agreed. Normally will go through unless eko screw up

PETALING JAYA: Press Metal Bhd, the region’s largest aluminium smelting firm, expects to achieve a stronger financial performance this year on the back of improving prices and increased output.

“We believe the price of aluminium this year will be higher than last year, and we are positive about the production output, which is going to be more,” said chief executive officer Datuk Paul Koon Poh Keong.

Coupled with the rise in the value of the US dollar, the group is optimistic about delivering a better growth in its bottom line and top line for the year ending Dec 31, 2017 (FY17).

“If the US dollar strengthens it will definitely help us. We are comfortable with this kind of range (RM4.25 to RM4.26 against the dollar) and of course if it is at RM4.4 it will be very good for us. But we cannot expect it to be at that level all the time,” Koon told reporters after the group’s annual general meeting yesterday.

With regard to the aluminium price, Koon said it is expected to be well above the average of US$1,700 per tonne seen in FY16.

“This year it would be in the range of US$1,800 (RM7,668) to US$1,900 because we have another six months to go,” he said.

The increase in aluminium price is primarily due to the Chinese government’s move to cut its production capacity amid environmental concerns.

“They (Chinese government) are serious about curbing emission for their own benefit,” said Koon. “When the Chinese government is serious about controlling the aluminium industry’s expansion and reduce capacity, we can see the market reacting to it,” he added.

As such, while demand for aluminium is expected to grow at a healthy pace, the supply growth will face more challenges, said Koon.

“[The group’s earnings] will grow this year on these positive indications with the benefit of full production from our three smelter lines [in Sarawak] — Mukah smelter, Samalaju Phase 1 and Phase 2 — of 760,000 tonnes capacity, and higher value-added products output along with better currency exchange rate,” he added.

On expansion plans, Koon said Press Metal is continually exploring new market segments, both domestically and internationally.

“The expansion is in the pipeline, we are mindful of doing it at the right time and doing it with careful financial planning,” he said.

Press Metal’s net profit jumped 56.6% to RM148.05 million for the first quarter of FY17 from RM94.56 million a year earlier. Revenue grew 56.7% to RM2.02 billion from RM1.29 billion.

The group has declared a first interim dividend of 1.5 sen per share for FY17, payable on June 21.

Press Metal’s share price fell five sen or 1.82% to close at RM2.69 yesterday, with a market capitalisation of RM10.19 billion. Year to date, the counter has gone up by 69.18%.

（吉隆坡15日訊）隨著今年的產量增加三成和鋁價料持穩，齊力工業（PMETAL，8869，主板工業股）相信，今年應可交出不俗業績，并對2017財政年表現感到樂觀。

齊力工業首席執行員拿督管保強在今日的股東大會后向記者表示，該公司三瑪拉朱（Samalaju）第2階段廠房去年5月份開始投產，預計今年總產量將按年增加30%，若鋁價持平，營業額料可取得同步的成長。

「若排除去年因保險索賠獲得的收益，公司今年的核心淨利預計將取得成長。」

另外，管保強表示，「鋁價已獲得非常好的支撐，因為全球最大的鋁生產和消費國——中國，目前基于環保因素，已逐漸減少鋁產量以達到減排；中國也領頭巴黎氣候協定，未來將更加注重環保議題，因此鋁價可獲得強力的扶持。」

管保強透露，2016年的平均鋁價為每噸1700美元左右，而年初至今的鋁價平均為每噸1900美元，因此，管氏預測，今年鋁價平均是每噸1800至1900美元。他也認為，鋁價持穩將可支撐該公司盈利表現，因此對今年業績感到樂觀。

同時，管氏表示，短期內不會像此前般大刀闊斧的擴充，而該公司將在強化資產負債表，降低債務和改善現金流后，等待適當時機才進行擴充。

管保強透露，該公司和中國索通公司（Sunstone）聯營的碳素陽極（carbon anode）工廠，預計可在2018年下半年間啟用，屆時可確保該原料可獲得穩定供應。

詢及三瑪拉朱港口投運對該公司的貢獻，他回答說，該港口料在今年第3季啟用，屆時可降低該公司的運輸成本和增加效率，但目前仍無法提供實際上可省下成本數額。

另一邊廂，對於今年令吉回穩，管氏表示，該公司認為目前美元兌令吉走勢仍處於可接受水平。

19日起暫停交易

針對鋁產品的市場前景，管保強指出，歐美國家，甚至中國都正鼓勵製造商採用較輕的鋁合金生產汽車與火車等交通工具，而其他產品，包括電器和建築材料，也採用鋁，因此未來需求將繼續走高。

一名出席股東大會的小股東向《東方財經》透露，該公司計劃在今年杪將下游業務對營業額的貢獻，從目前的30%提高至50%。同時，該股東說，三瑪拉朱廠房的保險索賠已告一段落，但木膠（Mukah）的索賠仍在進行中，而賠償數目未詳。

另外，齊力工業管理層也透露，該公司股票料從下週一（19日）暫停交易至7月10日，以完成內部重組建議，該公司股份將以1對1比例注入新控股公司--Press MetalAluminium Holdings Bhd」（PMAHB）。

http://www.klsescreener.com/v2/news/view/245117

cheaper selling price than oldtown may not mean good profit...whether the biz model is sustainable or not shall expose over the years...we shall not underestimate the oldtown management especially with the cash reserve of 180m which can be easily to revive their f&b biz...