No need talk China supermarket. Why M'sia Econsave, Tesco, Aeon not yet close?

QR last day normally is bad but Ewein case opposite?

Revenue why drop? Not bec half price double speed effect?

Not Anwar next PM like Tun M said?

TM revenue down(RM 3.5 cheap?) if you read more details but WCT below RM 1 still cheap.

Kalau duit raya Felda Settlers tak boleh dapat push FGV pun tak boleh PH boleh menang PRU15?

After QR EPF buy back?

No wonder OTB must charge RM 4500 for tips. Many hate posts in i3 or sour grape.

Stock: [VC]: VORTEX CONSOLIDATED BERHAD
May 31, 2019 11:30 AM | Report Abuse
18c here should have a support, perhaps a technical rebound later. however, we will see eventually it will break the support and dive lower, especially if the broad market turn even more bearish. those trapped inside should see the rebound can help to get you out. otherwise pray for the mercy from the sharks to goreng again in 2021.
https://klse.i3investor.com/servlets/cube/post/stockistlearner.jsp

Con bec you play contra?

Posted by tealeaf > May 31, 2019 7:56 AM | Report Abuse
this one looks like conman stock

If read latest and previous QR seasons, banking is most profitable business.

BSN inject into VC as RTO?

New chairman BOD so many banks? So VC can start new bank?

Posted by Vsctan7 > May 31, 2019 7:12 AM | Report Abuse
Newly appointed chairman: Kamari Zaman bin Juhari on 21/5
Encik Kamari started working as an Administrative Officer in Bank Negara Malaysia since 1982 while pursuing his studies concurrently. From then, he was promoted progressively to a Senior Administrative Officer and Manager of the Bank Regulation unit, Labuan offshore unit and Investment Operations and Finance Market unit within a few years time. He then retired in 2014 as the Director of Development Finance and Enterprise, a position which he had held for about 6 years since 2008. With more than 32 years of experience in the industry, he is proficient in bank regulation and specialised in SME financing access and financial inclusion whereby he actively provided strategic leadership and direction in the formulation of strategic policies to enhance access to financing for SMEs. He currently sits on boards of directors in a few organisations such as Bank Simpanan Nasional, Permodalan BSN, KL Remit Exchange Sdn Bhd, and Coopbank Pertama Berhad which he holds various position as a Chairman or a Board Member as well as in the Board Committee where some positions since 2014.

PBT(Profit before tax), NP(net profit) show improvement YOY.

Despite small loss in latest QR Parkson revenue is highest ever ie RM 1.1 billion.
https://klse.i3investor.com/servlets/stk/fin/5657.jsp

TKW pls add SapNrg div 0.5 sen ex-date 30th May.

EPF buy back.

FGV confirms in talks to sell Indonesian asset worth RM1b
https://www.theedgemarkets.com/article/fgv-confirms-talks-sell-indonesian-asset-worth-rm1b

Naim can win Sarawak road projects?

Plantation profit RM 39.8 million on CPO avg price RM 1,986 is good.

Alliance TP RM 1.75 maintain after QR?

1.19 today. 1.3 to celebrate Raya next week?

Something wrong with i3 members. Nobody give positive comments here but VC day after day still no 1 volume lately.

1.47 counter can report loss? World upside down?

If ex-KWAP CEO push FGV to RM 2.5-3 on 508(1 day before GE14) might be BN still in power?

WCT Reit listing why no news any1 know? I see Reit section profit increase latest QR.

Closing selldown bec QR out today?

Malaysia set to raise domestic palm biofuel use — trade ministry
https://www.theedgemarkets.com/article/malaysia-set-raise-domestic-palm-biofuel-use-%E2%80%94-trade-ministry

WCT 1Q net profit climbs 8.8% to RM40.32m
https://www.theedgemarkets.com/article/wct-1q-net-profit-climbs-88-rm4032m-despite-lower-revenue

Malakoff 1Q net profit up 26% on higher contributions from its coal power plants
https://www.theedgemarkets.com/article/malakoff-1q-net-profit-26-higher-contributions-its-coal-power-plants

Yes gogogo 1.2.

Q1 2019 profit up 20.4% YOY.

PRGL up 1 sen.

Lim Kian Boon(banker) can start new bank under PH?

Eugene Goh close to which politicians any1 know?

The more the grape sour the more VC rise haha.

Might be KWAP also interested in RI if price very low?

If follow Naim style should buy after RI not now.

Henry8833 After Naim right issue at around 45 sen( cannot remember exact price), share price increased more than double. If Dayang coming quarter results good, its share will fly again
21/05/2019 11:55 AM

W must come out more money to convert not VC and VC-PA.

Ah Long(moneylending) business is good future so behind VC flying?

Sorry no other counter.

Why grape so sour here? I see mother 40 sen soon haha.

Weak market but FGV no big drop meaning KWAP again buying?

No Media shareholders watch TV can believe? Can't you all any changes this year in TV program?

Man Group or Numeric still has shares to throw even KYY bought more.

If QR bad or drop QOQ can 1.15 maintain?

Before 31st May is a must this or next week.

Buying support still strong at 30 sen and no plunge in weak market is good sign.

Pineapple identified as alternative crop for Felda settlements
https://www.themalaysianinsight.com/s/155905

More jobs from Sarawak coastal road project
Read more at https://www.thestar.com.my/business/business-news/2019/05/20/more-jobs-from-sarawak-coastal-road-project/#8iDSgiEbxxUHwIdU.99

VORTEX CONSOLIDATED BERHAD (FORMERLY KNOWN AS SKH CONSORTIUM
BERHAD) (“VORTEX” OR “COMPANY”)
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF VORTEX AND ITS
SUBSIDIARIES (“GROUP”) TO INCLUDE MONEYLENDING BUSINESS (“PROPOSED
DIVERSIFICATION”)

1. INTRODUCTION
On behalf of the Board of Directors of Vortex (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Diversification.

2. PROPOSED DIVERSIFICATION
2.1 Details of Proposed Diversification
Vortex is an investment holding company and the Group is principally involved in the trading of information technology (“IT”) and information and communication technology (“ICT”) related products (e.g. hardware, software and accessories), as an electronic commerce provider and facilitator, provision of software development and support services, property construction and its related business, property development and property investment.
Currently, most of the Group’s revenue is derived from its IT and ICT business. In view of the increased competition in the ICT industry, the Group is constantly looking for new business opportunities to diversify its income streams in order to reduce over-reliance on one single industry. As part of its diversification plan, on 15 April 2019, Vortex announced that it had, on the same date, entered into a shares sale agreement with Choo Peng Hung and Chan Chooi Teng (collectively referred as “Vendors”) to acquire the entire equity interest in Valhalla Holdings Sdn Bhd (“VHSB”) from the Vendors for a total cash consideration of RM2,000,000 (“Acquisition of VHSB”). VHSB has yet to commence business as at 13 May 2019 (being the latest practicable date prior to this announcement) (“LPD”). It has a wholly-owned subsidiary, Valhalla Capital Sdn Bhd (“VCSB”), which had obtained a moneylending licence dated 26 October 2018 issued by Kementerian Perumahan dan Kerajaan Tempatan (Ministry of Housing and Local Government) (“Ministry”) (“Licence”) under the Moneylenders Act 1951 [Act 400](“Moneylenders Act”) to be read together with the Moneylenders (Control and Licensing)Regulations 2003. The Licence shall be valid for a period of 2 years effective from 1 November 2018 to 31 October 2020. The Licence allows VCSB to undertake any business relating to moneylending activities (save for pawn business). VCSB has yet to commence its moneylending business as at the LPD.
The Acquisition of VHSB was completed on 19 April 2019, wherein VCSB is currently an indirect wholly-owned subsidiary of Vortex and this enables Vortex to venture into moneylending business.
2 The Board expects the Proposed Diversification to contribute positively to the future earnings of the Group given the growth of Malaysian economy and loan market in Malaysia (as set out in Sections 4.1 and 4.2 of this announcement). Although the Board does not expect the Proposed Diversification to contribute any profits to the Group until the commencement of moneylending business by VCSB (which is expected to be during 4th quarter of calendar year 2019), the Board anticipates that the moneylending business will potentially contribute 25% or more of the Group’s net profits and/or result in a diversion of 25% or more of the net assets (“NA”) of the Group to an operation which differs widely from those operations previously carried on by the Group. As such, in accordance with Rule 10.13(1) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“ACE Market LR”), Vortex is required to obtain its shareholders’ approval in a general meeting for any transaction or business arrangement which might reasonably be expected to result in either of the above-mentioned situations.
Notwithstanding the Proposed Diversification, the Group remains committed to its existing businesses in IT and ICT, property construction, property development and property investment segments.

2.2 Key management personnel
The Company has appointed the following personnel, who have the relevant expertise and experience in debt capital market and risk management to spearhead the moneylending business of the Group, to the Board:
(i) Lim Kian Boon (aged 51, Malaysian)
He was appointed as an Executive Director of Vortex on 15 April 2019 and is a substantial shareholder of Vortex by virtue of his interest in Goodwill Valley Sdn Bhd (an investment holding company) pursuant to Section 8 of the Companies Act 2016.
He graduated from Emile Woolf College in 1993 after completing his professional accountancy studies and was admitted as a member of the Association of Chartered Certified Accountants, United Kingdom in 1998.
He started his career with HSBC Bank Malaysia Berhad as Regional Officer in charge of current accounts and credit administration in Kuala Lumpur and Sabah in 1994.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6162721