nice breakout

.

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 29-Jun-2018 Acquired 10,000,000

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 28-Jun-2018 Acquired 15,000,000

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 26-Jun-2018 Acquired 15,000,000

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 25-Jun-2018 Acquired 20,000,000

Velesto Energy wins RM125mil offshore drilling job


CORPORATE NEWS
Tuesday, 3 Jul 2018



KUALA LUMPUR: Velesto Energy Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(VEB), formerly known as UMW Oil & Gas Corp Bhd, has secured an offshore drilling contract worth US$31.038mil (RM125mil) from Roc Oil (Sarawak) Sdn Bhd.

The contract is expected to commence in August for 11 firm wells.

“The contract is for the provision of a jack-up drilling rig to undertake drilling services for ROC,” the company said in a filing with Bursa Malaysia today.

It will assign its NAGA 4 rig for this contract.

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=all


The contract, VEB said, will contribute positively to its earnings and net assets during the contract period for the financial period ending Dec 31, 2018.


Read more at https://www.thestar.com.my/business/business-news/2018/07/03/velesto-secures-drilling-job/#vsGfPoOfuKUY7MCB.99

wa...big volume q...

accumulate....but the support already broken....

crude oil also still go down...top profit n change the company name...but the price still no up...

they just focus to win an election...but after won...they still blur n no idea what to do...make any backup plan for restructure back...see their promise for 100 days n manifesto...how..maybe will postpone...reason...our debt so high...corruption everywhere..before they no brain lor...how to count the debt n make a promise....now...if our economy go down...its will effect to all..inflasi,interest rate,no jobs,harga barang naik,kurang kuasa membeli,high living cost etc.

slowly up...

MY


TRENDING NOW
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MALAYSIACORPORATE
Priceworth log production at all-time high; extends cash option for FMU5 buy
theedgemarkets.com
/
theedgemarkets.com

June 18, 2018 20:30 pm +08

-A+A
KUALA LUMPUR (June 18): Priceworth International Bhd reported a 300% year-on-year jump in log production in May this year to a record high, thanks to contribution from its operations in the timber concession area FMU5, in Sabah.

Log production grew to 33,635.62 cubic metres from 8,375 cubic metres in the same month last year, Priceworth said in a statement. Month-on-month, it is a 2.5% improvement from April's 32,800.72 cubic metres.

In a related stock exchange filing, Priceworth said the stable production volume was mainly attributed to satisfactory weather conditions and improved efficiency in harvesting and expanding operations in FMU5.

FMU5 represents Forest Management Unit 5, and comprises a net concession area of 88,920ha of commercial class II forest in Sabah’s Trus Madi forest reserve, according to Priceworth. "We expect the production to further improve in the coming months, with increased productions from compartments 63 and 64 of FMU5," Priceworth added.

Priceworth posted a six times year-on-year jump in its net profit for the nine-month ended March 31, 2018 (9MFY18) to RM10.3 million from RM1.64 million, which it attributed to stable supply of timber from FMU5.

Meanwhile, Priceworth said it has extended its cash option to acquire timber concession area FMU5 in Sabah at a discounted RM235 million, until July 31, 2018.

"The cash options represents a discount of RM25 million on the original RM260 million purchase price for FMU5 to RM235 million, which has been valued at RM433.8 million," Priceworth said.

The forest management group inked an eight supplemental letter today to extend cash option with vendor Transkripsi Pintar Sdn Bhd. It originally inked the sale and purchase agreement to buy FMU5 in October 2016.

It is acquiring FMU5 via its Singapore unit GSR Pte Ltd, which is also acquiring sister company Sinor Sdn Bhd — Priceworth's plywood manufacturing arm. Priceworth plans to list GSR on the Singapore Exchange.


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1 year already...price dropped...

need more volume to push the price....

tri star bullish ?

slowly up...

up

tp 0.320 ...can ka?

oversold...daily tp... 0.615,0.625....support...0.535,0.48...

latest qtr got a big losses...how to do?

18 cents is a support ..
already lowest...

Kanger announces RM93.2m bamboo development project in China

KUALA LUMPUR (June 1): In an effort to industrialise and commercialise raw bamboo, Kanger International Bhd has entered into a deal to create a bamboo showroom and research centre, and develop eco-tourism, in China's Hunan province.

The group said its wholly-owned subsidiary, Shenzhen Kanger Bamboo Wood Co Ltd, today signed a bamboo industry development collaboration agreement with Jingzhou County Industrial Park Construction Investment Co Ltd (JCIPC).

"The estimated initial project size is 150 million renminbi (RM93.21 million)," Kanger said in a stock exchange filing.

Under the agreement, Shenzhen Kanger and JCIPC will set up a joint venture company on a 70:30 basis, which will focus on the manufacturing of bamboo products, processing of bamboo-related foodstuff and bamboo eco-tourism in three different phases.

"Bamboo plantation land of at least 1,600 acres will also be injected into the joint venture company by JCIPC, at a valuation to be determined later," Kanger said.

The establishment of manufacturing facilities for bamboo products is estimated to be completed by the end of 2018, the group said, with the research centre and manufacturing facilities expected to occupy some 100 acres.

"The land required by the project would be acquired by the joint venture company on a progressive basis with relevant preferential policies from the Government of Jingzhou," Kanger said, adding that any demolition work required will be carried out by JCIPC.

The group said that by leveraging on JCIPC, the joint venture company is expected to obtain policy and funding support from various Chinese government agencies, on top of having constant and cheaper supply of raw bamboo for its manufactures.

The agreement is not expected to have any immediate material effect on Kanger's net assets, earnings or gearing for its financial year ending Dec 31, 2018.

"However, the agreement is expected to contribute positively towards the future earnings of the group," it said.

Shares in Kanger closed up 1 sen or 11.77% at 9.5 sen today, leaving the group with an RM80.66 million market capitalisation.

qtr should be more better than the last...

aiyo...PN17 lg ka?

waa...super active ne...

what happen...go down

bullish pennant...

market capital also become below 1 billion...

big volume start yesterday....any movement?

crude oil dropped...

bad news also can up....

PE also drop so much....

China menambah pembelian minyak sawit dari malaysia...

saudi aramco wanna supply cut for next month ...

mother at 25.5 sen...warrant should be 5-6 sen only...now warrant is more expensive than mother...

11 Mei 2017 ...Sam­butan Ulang Tahun UMNO Ke-71... shahrir samad tak mau kasi up ka ini fgv...

up

today red....n closed more lower than yesterday...looks like wanna downtrend ....

when fbmklci go down...it up....

up2x...

up

up

when resistance breakout...it will open the bollinger band...cci,macd cross the line...

66.5 sen sold out....

waterfall...

up

resistance already broken....

mother...bullish hammer...

censof wa touch MA50... even mother n wb touch MA20...means wa more cheaper...but wa will expired soon....

still dropped

C23

they stuck at wd...

up