Nice affirmation by the MD . Tmr the price shld rebound upwards

Buy and Keep ......Majulah Sarawak !!!

Abang Jo supporter on stand by .....will not allow newly appointed Jo Jr. to lose face ma ...

Relax SCIB already clarifys.....no negative answers to Bursa as per letter contents. This is an organized LD however this might be a good opportunity for some to collect cheap

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Company Name SARAWAK CONSOLIDATED INDUSTRIES BERHAD
Stock Name SCIB
Date Announced 17 Jan 2024
Category General Announcement for PLC
Reference Number GA1-17012024-00025
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-16012024-00004
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description SARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR "THE COMPANY") - UNUSUAL MARKET ACTIVITY
Query Letter Contents
We draw your attention to the sharp fall in price of your Company’s shares today (“trading activity”).
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :

1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;
3. Whether you are aware of any other possible explanation to account for the trading activity; and
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.



Yours faithfully,

Bursa Malaysia Securities Berhad

Reference is made to the letter dated 16 January 2024 from Bursa Malaysia Securities Berhad (“Bursa Securities”) pertaining to the sharp fall in the price of the shares of Sarawak Consolidated Industries Berhad (“SCIB” or “the Company”) recently (“trading activity”). In accordance with Paragraph 9.11 of the Main Market Listing Requirements (“LR”) of Bursa Securities, the Board of Directors of SCIB (“the Board”), after having made due inquiries with all the Directors, major shareholders and such other relevant persons, wishes to inform that to the best of their knowledge, the following:



1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions;



The company had on 4 January 2024 received the letter of offer from the Land and Survey department of Sarawak to acquire some parcels of land measuring approximately 22 acres in size for the purpose of expanding the production capacity of the group. The management is in the midst of discussion and considering on the acceptance of this proposal. The Board believes that it would be more appropriate to release announcement(s) to Bursa Securities once the decision is made. Save for the above, the Board is not aware of any corporate development relating to the Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.



2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;



The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.



3. Whether you are aware of any other possible explanation to account for the trading activity; and



The Board is not aware of any other possible explanation to account for the trading activity.



4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.



The Company and the Board are in compliance with the LR of Bursa Securities, in particular Paragraph 9.03 of the LR of Bursa Securities on the immediate disclosure obligations.



This announcement is dated 17 January 2024.

Follow the Big Boys pattern not otherwise !

mf also cash rich now after a few rounds of PT ....his Buy Call is my Buy call.....

Now sitting on Cash funs after disposing my positions last week, might consider start collecting batches by batches from tmrw on the way down ...still waiting for mf Buy Que

Never Blame or Predict Market Outcome .....the house always wins both ways !

Hampa makan cili padi , Hampa rasa pedas !!!

Dow red red to9....buy at own risks ya...

Good time for sharksss pump and dump to trap ikan billis today

Buyer caustious .....taking profits ...Seller a lot !

Small profits better than stuck at Red Sea for a looooong time !

Siapa Micheal Kwok ? Famous ka ?

War at Red Sea Yemen ...pls trade carefully gais !

https://www.nst.com.my/property/2024/01/1000213/uem-sunrise-cautiously-optimistic-about-real-estate-demand

Expect some pull back ...ding dong price war next week ....wait for the Que from mf

profit taken today !!!

Batch 4th Buying IN

This strategic economic boost is aligned with Iskandar Malaysia's latest Comprehensive Development Plan (CDPiii) 2022-2030 and is expected to help drive the fulfilment of socio-economic goals such as job creation and increase of household income average in the region.

Badrul Hisham also said JS-SEZ can improve economic cooperation by leveraging on the existing investment momentum and this will further enrich the complementary value proposition between Malaysia and Singapore.

"We see this as a tremendous benefit for Iskandar Malaysia and its many stakeholders. IRDA will certainly optimise the opportunities from the economic zone for maximum benefit of the region towards becoming a strong and sustainable metropolis of international standing that it aims to be.

"The existing Iskandar Malaysia Investment Service Centre (IMISC), under IRDA, continues to coordinate, facilitate, and be the bridge between the investors and various approving government agencies and is ready to support the implementation of the one stop centre for JS-SEZ," he noted.

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) said with its strategic location in Asean, JS-SEZ is well positioned to connect both countries' investors and businesses as well as foreign investors to new opportunities from the increasing border trade and rapid economic growth in the region.

It added that both Malaysia and Singapore can complement and reinforce each other to achieve optimal investment returns and economic value, leveraging on both countries' strength and resources.

"Singapore has a deep talent pool and technology, strong innovation ecosystem and investment flows, while Johor has the manpower, cost advantages relative to Singapore, land resources, and connectivity with the rest of the states in Peninsular Malaysia.

"Johor and Singapore can identify mutual benefits and clearly define responsibilities in the proper planning and implementation of the JS-SEZ development framework.

"We believe that a comprehensive planning and effective implementation, especially with a high level of commitment from top leadership will ensure the success of JS-SEZ," it said in a statement.

ACCCIM stressed that it is crucial that the taskforce/committee overseeing it to have regular constructive communications, feedback and engagements with the business community, working together for ensuring the JS-SEZ success, leading to better outcomes

MORE NEWS
Malaysia-Singapore economic ties bolstered with JS-SEZ accord
KL-Singapore high speed rail, special economic zone would boost Johor's real estate market
'Strong synergy with Singapore vital'
Property developers and renewable energy players to benefit from Malaysia-Singapore leaders' pledge
"Along the way, there could be transfers of technology as their companies would be integrated with the local supply chains," Afzanizam told the New Straits Times.


Putra Business School Assoc Professor Dr Ahmed Razman Abdul Latiff opined that the creation of a special economic zone is a win-win situation for both countries.

It will ease the business and trading activities between the two countries especially with regards to talent movement, offering of services and products supply chain movement.

This is helped by the implementation of technology applications and tools such as QR code clearance system and digitisation of cargo clearance, most likely using the latest blockchain technology.


"Of course there will always be challenges and issues when embarking on this ambitious project such as cybersecurity and the rate of digitalisation adoption but once everyone realises its overall benefits, all these challenges will be addressed with greater speed and effectively handled.

"Johor will be benefiting from this special economic zone greatly and will be able to increase its contribution to the country's gross domestic product (GDP) higher than before.

"Singapore will be able to attract the best talents from Malaysia without them having to migrate there," he added.

Overall, Ahmed Razman said it is going to have a positive impact as long as it has a clear vision and is managed by professionals with a high level of governance and integrity.

Iskandar Regional Development Authority (IRDA) chief executive Datuk Dr Badrul Hisham Kassim said the formation and realisation of this zone will, no doubt, bring massive opportunities and advantages to Iskandar Malaysia as an investment destination for foreign and domestic investors and businesses.

He noted that this zone, plus the Special Financial Zone in Forest City, will not only contribute towards the region's new cumulative investment target of RM636 billion by 2030 but will have a major spillover effect on the holistic development in Iskandar Malaysia which includes the social and environmental aspects.

Economists: Johor-Singapore Special Economic Zone a 'win-win' for Malaysia, Singapore

January 11, 2024 @ 6:41pm

KUALA LUMPUR: The Johor-Singapore Special Economic Zone (JS-SEZ) should bolster trade and investment, tourism and people-to-people connectivity, as well as foster sustainable ties between Malaysia and its neighbour across the Causeway, economists said.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the zone would capitalise on each other's strengths.


Malaysia has the landmass and talent pool, as well as energy resources, especially in the renewable energy (RE) space, where Singaporean companies can tap into these resources, he noted.

"Singapore on the other hand has the technology and capability to produce high tech products and they would require a space that is economical to produce

Showtime after lunch...be prepare.. Have you advance book your tickets yet ???!!!

Sp Setia with Uems like Abang Adik sama sama Limit Up !

PM LSL & PMX
https://www.youtube.com/watch?v=2z8fG3uNBk4

Buying Limit Up in the morning !

Great News Property Investors !
https://www.channelnewsasia.com/singapore/pm-lee-hsien-loong-johor-visit-special-economic-zone-rts-link-ceremony-anwar-4036801

Great News Property Investors !
https://www.channelnewsasia.com/singapore/pm-lee-hsien-loong-johor-visit-special-economic-zone-rts-link-ceremony-anwar-4036801

11 Jan deadlines ...which is less than 48 hours !!!

Shortists rushed in to cover back ......oversolded yesterday

Report: Johor LRT planned terminals include Ikea Tebrau, and Legoland or Forest City; China firm to work with Malaysian-led consortium
Ida Lim
Tue, 9 January 2024 at 5:49 pm MYT·3-min read
Malay Mail
Malay Mail
KUALA LUMPUR, Jan 9 — Johor’s proposed Light Rail Transit (LRT) project will have at least three lines with their respective terminal stations to be located at Ikea Tebrau, at the Iskandar Puteri area (at either Legoland or Forest City), and at Senai, a report has said.

In the report released on Sunday, local news outlet Oriental Daily cited a source as saying that the entire Johor LRT project is estimated to cost RM20 billion with a total length of 30km and with 50 LRT stations.

ADVERTISEMENT

According to Oriental Daily, the source said that the Johor LRT will complement the Johor Baru-Singapore Rapid Transit System (RTS) rail service which is expected to be completed in 2026.

The source also reportedly said both the LRT and the RTS would form a one-hour metropolitan area in the Johor Baru area and enable those in Johor and Singapore to enjoy a more convenient and fast public transport system while also changing the way they travel.

Oriental Daily also reported the source as saying that the Johor state government has made a preliminary decision on the location for the transportation hub — linking the Johor LRT and RTS — which is expected to be at the Taman Tasik and Danga Bay area.

People are seen queueing at 7am ahead of the opening of the Ikea Tebrau store in Johor Baru November 16, 2017. — Bernama pic
People are seen queueing at 7am ahead of the opening of the Ikea Tebrau store in Johor Baru November 16, 2017. — Bernama pic
People are seen queueing at 7am ahead of the opening of the Ikea Tebrau store in Johor Baru November 16, 2017. — Bernama pic

According to the news report, the first phase of the Johor LRT project would involve the construction of a 10km track linking the LRT’s transportation hub with the RTS’s Bukit Chagar station.

(The RTS is a 4km-long railway shuttle link between two stations, namely Bukit Chagar in Johor and the Woodlands North station in Singapore, with a capacity of 10,000 passengers per hour in each direction and expected ridership of 40,000 passengers per day.)

Oriental Daily also said it understands that the Johor LRT project will be a public-private partnership, with a consortium — led by Malaysian listed firm Nylex (Malaysia) Berhad and including Malaysian property developer LBS Bina Group Berhad and Thailand’s listed company BTS Group Holdings Limited Public Company Limited — expected to invest in the project.

(Previously, Nylex had on March 21, 2022 entered into a heads of agreement with LBS Bina, BTS, Sinar Bina Infra Sdn Bhd and Ancom Nylex Berhad to collaborate on building an LRT system connected with the RTS with an integrated property development under the transit-oriented development concept in Johor Baru. BTS Group Holdings is the majority shareholder of Bangkok Mass Transit System Public Company, which is the operator of Bangkok’s rail line BTS SkyTrain.

In the same news report, China Harbour Engineering Company Ltd’s (CHEC) Southern Pacific division’s managing director Ma Jianhua told Oriental Daily that the company is working with the Nylex-led consortium with the hope of having the first phase of the Johor LRT project implemented as soon as possible.

CHEC is a subsidiary of China Communications Construction Company Ltd, with its Malaysian unit CHEC Construction (M) Sdn Bhd established in Kuala Lumpur in 1993.

According to Oriental Daily, CHEC Construction (M) Sdn Bhd has been involved in more than 60 projects in Malaysia with a total contract value of more than RM16 billion, and with completed projects including the second Penang bridge or the Sultan Abdul Halim Mu’adzam Shah Bridge, land reclamation works at Port Klang, and works for the extension of the Ampang line for the Klang Valley’s LRT.

https://malaysia.news.yahoo.com/report-johor-lrt-planned-terminals-094908901.html

https://www.thestar.com.my/business/business-news/2024/01/09/iskandar-malaysia-sets-new-investment-target

Oversold meaning funds preparing bullets to push up soon...

best time to collect !!! thanks

Hahahahaa .....waiting for this rocket to gostan .....maybe not this year....heng oong huat arrrr everybody !

Weak holders who has sold last few weeks ago quickly rush in to get in the game...losers oni knows how to just watch and butch sidelines

lowballers wants to fpark themselves at 0.94 and below .....that most likelly will not happen...!!!

Congrats buyer , Regrets Sellers last week ...hahaha

lai lai lai .....where is all the sour grapes been hiding ????

PM ANWAR ALSO SAYS SO

https://www.youtube.com/watch?v=2z8fG3uNBk4

BUT MLAB68 SAys otherwise.....so ...?

SEZ LSL SAYS :
https://www.youtube.com/watch?v=2z8fG3uNBk4

really arrr where's the proof or facts that support your comment!!!!!? Hahahaha SAYS another sour grape lowballer who miss out the fun ......

Monday will be buying 3rd batch !

WITH SO MANY POSITIVES DEVELOPEMENT OTW .........Only way is UP UP UP !!!!!!

Johor moots Iskandar Malaysia for special economic zone with S’pore
State executive councillor Lee Ting Han says a proposal was submitted to the economy ministry, describing the development corridor as ‘ready-made to be the SEZ’.

FMT Reporters - 05 Jan 2024, 9:43pm
49
Shares
facebook sharing button Sharetwitter sharing button Tweetwhatsapp sharing button Shareemail sharing button Email




The Iskandar development corridor extends from Johor Bahru to Iskandar Puteri, Kulai and parts of Pontian. (Wikipedia pic)
PETALING JAYA: The Johor state government has submitted an official proposal for the Iskandar Malaysia region to be designated as the Johor-Singapore special economic zone.

State executive councillor Lee Ting Han confirmed that the proposal had been submitted to the economy ministry, the Straits Times reported in Singapore. He said Iskandar Malaysia was “ready-made to be the SEZ”.


Stay up-to-date by following FMT's Telegram channel
Lee, who is responsible for investment, trade and consumer affairs, said Iskandar Malaysia has the infrastructure and facilities needed for the SEZ, including highways, ports, townships and education institutions.

Malaysia and Singapore agreed in July to create a special task force to study the establishment of a Johor-Singapore SEZ, which was expected to be based in the Iskandar Malaysia region.


Just yesterday, Johor menteri besar Onn Hafiz Ghazi met with Singaporean investors to get views and feedback on the SEZ.

On Jan 14, the prime ministers of the two countries are expected to sign an agreement on setting up the zone.

Lee said: “The Iskandar growth corridor would be a good start, as the area encompasses the planned integrated development of Ibrahim Technopolis in Sedenak town, the heavy industrial area in Pasir Gudang, and the proposed special financial zone in Forest City”, the Straits Times reported.

He said the Iskandar development corridor, which extends from state capital Johor Bahru to Iskandar Puteri, Kulai and parts of Pontian, was slated to attract RM400 billion in investments from its inception up till 2023.

However, this was affected by the outbreak of Covid-19 and the ensuing travel restrictions, which had a hand in property glut in the region.

Lee said an agreement outlining the SEZ’s details is expected to be signed in the fourth quarter of this year.

Iskandar Malaysia, previously known as the Iskandar Development Region and South Johor Economic Region, was established in 2006.

In August 2022, then economic affairs minister Mustapa Mohamed said the corridor recorded a total of RM368 billion in committed investments from 2006 till June 2022, of which RM219 billion had been “realised”.

After China, Singapore is the second-largest foreign investor with RM33 billion in investments committed as of June 2023, involving sectors like manufacturing, healthcare, education, business services and industrial estate development.

Straits Times quoted a government source as saying Malaysia is aiming to attract investments in nine particular sectors, namely energy, tourism, manufacturing, logistics, health, financial services, education, digital economy and business services.

Lee said the SEZ would ease the movement of people and goods across the congested Causeway, with special treatment provided for professionals, managers, executives and technicians to get the necessary visas at a one-stop centre.

Forest City, Iskandar Puteri, Johor. Maybank Investment Bank said Forest City, which has been identified as a special financial zone and a potential high-speed rail station in Iskandar Puteri, should continue to attract buying interest in the region.

KUALA LUMPUR (Jan 5): Maybank Investment Bank has maintained its “neutral” rating of the property sector, and said that Iskandar Puteri stands a good chance as a location for the Johor-Singapore special economic zone (JSSEZ).

In a note on Thursday, the research house said while land cost in the Iskandar Puteri area is higher as compared to Sedenak, it is more mature and closer to Singapore in terms of distance.

It said even without the JSSEZ, properties in Iskandar Puteri would still be supported by resilient local demand, especially from Malaysians who are working in Singapore, and foreign investments.


Maybank IB said Forest City, which has been identified as a special financial zone and a potential high-speed rail (HSR) station in Iskandar Puteri, should continue to attract buying interest in the region.

The research house said details of the JSSEZ are due next week, and would be the sector’s focus in the first half of 2024.

“Based on our observations, the JSSEZ is likely to be located in the Sedenak or Iskandar Puteri areas.

“For property sector exposure in Johor, we like S P Setia Bhd (with a 'buy' call) for its sizeable land bank there (2,150 acres or 870.07 hectares), undemanding valuation (0.3 times price-to-book value or P/BV), and de-gearing exercise via land sale,” it said.

Maybank IB said the property sector offers trading opportunities in the first half of 2024, with the thematics being the JSSEZ, Bayan Lepas Light Rail Transit (LRT) alignment, and potential revival of the HSR.

“Our stock calls, however, are more fundamental-based. We have a 'buy' rating for S P Setia.

“Apart from its Johor exposure (2,150 acres or 15% of total gross development value), we like S P Setia for its cheap valuation (0.3 times P/BV versus the industry average of 0.6 times and UEM Sunrise Bhd's 0.8 times) and diversified product range.

“S P Setia is actively reducing its debt level by disposing of non-core land bank. Its earnings growth in the financial year ending Dec 31, 2024 will be driven by three land sales in Semenyih, Setia Alam and Johor respectively,” it said.

Iskandar Puteri stands a good chance as location for Johor-Singapore special economic zone, says Maybank IB
By Surin Murugiah / theedgemalaysia.com
05 Jan 2024, 10:26 am

I lived in Iskandar Puteri Johor
I witnessed the On going developements ...couldnt agree more !!!!!9

Nezt Week Another UP UP UP ?
Most likely will happen before more spotlight news otw