Juz bought 1.13 . hehe

Homeriz will announce their ever outstanding Q2 on 24 july. All wood related stocks will move with strong wave.

Homeriz will announce their ever outstanding Q2 on 24 july. All wood related stocks will move with strong wave.

noted and thanks

moving now as espected not many willing to sell

bullish in chart.

Sit tight, the share available in the market is very low only. possible to revisit RM3.20 historic high by year end. .the chart shows bullish.

bad English and bad personality.

your English is very bad.

Today is T+3, all contra was well absorbed. tomorrow will continue it's uptrend.

next major resistant at 1.48

today resistant was broken with strong institutional buying.

The Star 11th july 2015

KNM’s order book currently stands at around RM4bil, including the renewable energy project, called the EnergyPark Peterborough and which is worth around RM2bil.

Hong Leong Investment Bank (HLIB) Research estimates that KNM’s earnings will grow to RM127mil in 2015 and to RM141mil on 2016.

However HLIB’s projections have yet to factor in the potential profits from Peterborough and Thailand’s renewable energy business.

“In addition, the completion of acquiring Thailand’s ethanol business should add RM22mil to KNM’s bottomline in FY16 for the first phase,” it says.

Note that KNM has not completed its purchase of the biofuel project in Thailand.

The plant is estimated to produce 200,000 litres of ethanol per day for the first phase and has a capacity of up to 400,000 litres per day.

KNM is currently bidding for over RM13bil worth of jobs of which RM4bil-RM5bil are related to the Refinery and Petrochemicals Integrated Development (Rapid) project.

HLIB notes that KNM has a good chance of securing RM400mil subcontract jobs from the planned refinery in Rapid. It also notes that KNM had won RM1.2bil worth of contracts from the Rapid project last August.

Lee Swee Eng, KNM’s chief executive officer, is the single largest shareholder of the company with a 16.74% stake.

Other shareholders of KNM include the Employees Provident Fund (1.87%) and Norges Bank (1.56%).

As for its planned bond issuance, analysts aren’t concerned about it potentially raising KNM’s gearing levels.

Maybank IB Research says a full drawdown of the latest bond would increase KNM’s debt to RM1.45bil, giving it a net gearing ratio of 0.69 times.

“It is manageable in our view.

“We understand that the bond would be done in a few tranches on per-need basis,” it says in a report.

HLIB says for the first quarter of 2015, KNM’s net debt over earnings before interest, taxes, depreciation and amortisation had fallen to 1.7 times while its interest coverage ratio improved to 7 times as of March 31.

In the past, KNM had been on the radar of many investors, but the company was hit by the 2008 global financial crisis due to cashflow problems and delays in some of its projects.Since 2013, the company has been embarking on a series of restructuring exercises and disposing of its unprofitable operations.

As at March 30, KNM has total borrowings of RM1.28bil, with 43% or RM551.34mil made up of short-term loans.

It sat on RM118mil cash as at the first quarter ended March 30 from RM208.51mil in the previous quarter.

Earnings wise, KNM’s net profit had doubled to RM39.75mil in 2014 from RM19.9mil in 2013. At its current share price of 59.5 sen, it is trading on a historical price earnings ratio of 14.3 times.

http://www.wsj.com/articles/u-s-stock-futures-rally-on-greece-deal-hopes-1436531195?ru=yahoo?mod=yahoo_itp

KUALA LUMPUR (July 10): Shares of Mieco Chipboard Bhd ( Financial Dashboard) extended gains today, rising to a seven-year high of RM1.01 as talk that the particle board maker may undertake a corporate exercise resumes, which propelled institutional money.

As at 3.51pm, the stock was traded up 4 sen or 4.35% at 96 sen, with 18.63 million shares changing hands. Its market capitalisation has surged to RM212.1 million since June 29, when it was at RM140.7 million.

It was one of the most actively traded stocks today. The counter had earlier rose as much as 9.78% to hit a seven-year high of RM1.01.

Mieco is among chipboard makers which have been enjoying the upward trend in their shares, fueled by a stronger US dollar.

A remisier said institutional funds have been buying into Mieco since June 22.

"They accounted for about 20% of the total volume transacted every day," he told theedgemarkets.com.

The remisier sees the immediate resistance level for Mieco (valuation: 0.9; fundamental: 0.65) at RM1.46.

"Should institutional funds continue to buy into the stock, it is likely to breach the level. However, we see some profit taking activity when the stock hit a high of RM1.01," he added.

A senior research analyst had earlier told theedgemarkets.com that there were takeover talk in the market about Mieco, which could have led to the recent rise in its share price.

However, an official from the company had dismissed the speculation, saying the share price movement was due to market forces.

For the first quarter ended March 31, 2015 (1QFY15), Mieco returned to the black with a net profit of RM3.2 million compared with a net loss of RM3.17 million a year ago. Revenue was up 6% at RM80.28 million, from RM75.75 million in 1QFY14.

OIL up 36 cents as now,

usually this counter rally wont last long . just wayang kulit only.

i also rejected

lets see tan sri lim fulfill his 30% dividend payout policy or just talk only .

bullshit la.

buy now to expect record high dividend
==============================
The board of directors of I-Berhad announced that the company has adopted a dividend policy of paying an annual dividend of at least 30% of its profit after tax to shareholders of the company. This dividend policy shall commence for the financial year ending 31 December 2014

http://klse.i3investor.com/blogs/bfm_podcast/65216.jsp

one step nearer to transfer to main board.

Ozzie, strong support becos all the bad news already out, no more bad news,. current price is 20% discount from the peak. happy trading. :)

76 confirmed is a solid support with reboucing from the selling pressure in early morning. it is well digested with attempt to move higher. bottom fishing by sharks now. time to accumulate. follow the trend.

nickfcng, if today can close above 76 cents, it is a good sign, means the 76 is very strong support , it indicates the Islamic fund in ifca is very limited. then possible turn green next week.

Monday will continue with today's falling trend , from the chart, the down trend will continue for quite sometimes. the bear is in control.

noon will see more pressure. 70 cents phycology support.

76 cents support broken with double top in chart, the next support will be 66 cents, next week see how strong is 66 suport

the chart formed double top now, bad sign. 76 cents support can be easily broken anytime.

wait for NSC announcement

tomorrow is the D day

76 is the support , 66 the next support

pull back

support at RM1

20 MA broken ,

not foresight , but I paid for very painful experience before. . but I will renter if it drop to my expected level . it is a potential company but have to deal with current silly policies.

if Friday is bad news , next whole week will suffer heavy selling pressure by Islamic fund mgr to exit

I told u guys , they just want to run thie share, keep giving lousy news try to boost the price, then they run

Tek seng suddenly pop up to say 30% deviden ratio is meant for them to exit la. tek seng tipu punya I have observed this stock for the last half year. hopeless.

my chart showing different. going to break 20 ma support with volume. tomorrow may get cheaper sales.

The games is definitely over . it takes Iris quite some time to get a new job. the price will drift down further , like what happened to iris share price when they lost the ID card job. 2 cents opinion

price melt down lor based on those stocks ( delisted by syariah) track record

Sell immediately before other Islamic funds throw, so as to avoid selling at lower price. and never under estimate the sizes of these Islamic fund.

Syariah-compliant list to be reviewed

By FOO EU JINKUALA LUMPUR - 19 November 2014 @ 12:13 AM

SEVEN stocks could be dropped out, while five others could be added on under the Securities Commission (SC) syariah-compliance review this month, says Maybank Research.

“The SC is scheduled to release its next semi-annual list of syariah-compliant securities on November 28. From the present list of 666 syariah-compliant stocks, we focused on those with a market capitalisation of over RM300 million.

“These comprise 247 stocks which we felt was a reasonable cut-off point, and filtered the list further based on the cash/asset and debt/asset financial ratios of the individual public listed companies.

“From our analysis and channel checks, we think that seven stocks could possibly be deemed non-syariah compliant and may drop off the syariah list this month.

“They are IOI Corp, SapuraKencana (SAKP), Shell Refining Co, Perdana Petroleum, IFCA MSC, Chemical Company of Malaysia (CCM) and CLIQ Energy,” Maybank Research said yesterday.

The research house said it remains wary of potential knee-jerk price weakness should these stocks be excluded, given that the syariah funds will have to liquidate their positions if they are sitting on gains from these investments.

“We think the following five stocks could be designated as syariah-compliant in the upcoming review, namely Amway, Padini, Pantech Group, Esthetics International and SKP Resources.”

Maybank Research noted that of the 12 stocks identified, four are in its coverage namely IOI Corp, SAKP, Perdana and Padini.

“We have a “sell” call on IOI Corp and “buy” on SAKP, Perdana and Padini. The likely exclusion of IOI Corp, SAKP and Perdana from the syariah list has been highlighted in our previous company reports, as has the likely inclusion of Padini.”

Water fall lor. whatelse ?

U-turn again in noon .

assuming the 1 free 25 cent for each warrant, then the TP sld be around RM1. it is worth to take up the warrant offer. the market is hot with free warrant. IBHD warrant oredi hit 47 cents in two weeks

RM4.15 per share.

cheers. not only we look at the free warrant, we sld look at their quarterly result next week. good surprise ahead, to support the approval of warrants :)