KUALA LUMPUR: The oil and gas sector is to emerge as the "rising star" and significantly drive the Malaysian economy forward this year, Prime Minister Datuk Seri Najib Razak said today.

He said the expectation was based on the number of oil and gas projects that would be awarded when the massive RM61 billion Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, gets off the ground by year-end.

"This will have a major impact on the economy. I'm also hoping for some recovery in other commodity prices as well this year.

"I think the commodity (crude palm oil) price, according to a recent forecast made at the just-ended Palm Oil and Lauric Conference, is also expected to spiral.

"CPO prices will hover between RM2,500 and RM3,000 per tonne in the near-term," he said, adding that if the price of the golden crop were to reach RM3,000 per tonne, the commodity's performance and that the industry would be far better," he said. -- Bernama

KUALA LUMPUR: The oil and gas sector is to emerge as the "rising star" and significantly drive the Malaysian economy forward this year, Prime Minister Datuk Seri Najib Razak said today.

He said the expectation was based on the number of oil and gas projects that would be awarded when the massive RM61 billion Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, gets off the ground by year-end.

"This will have a major impact on the economy. I'm also hoping for some recovery in other commodity prices as well this year.

"I think the commodity (crude palm oil) price, according to a recent forecast made at the just-ended Palm Oil and Lauric Conference, is also expected to spiral.

"CPO prices will hover between RM2,500 and RM3,000 per tonne in the near-term," he said, adding that if the price of the golden crop were to reach RM3,000 per tonne, the commodity's performance and that the industry would be far better," he said. -- Bernama

Why volume spike today ? Something happening ?

Because SES has already been goreng before, the upside is not as huge as the parent which is largely untouched for the past few months.

Based on the current SOP valuation, the parent looks deeply undervalued.

Scomi will be the next IRIS and KNM. Stay tuned.

Everytime Unclez starts talking .... Dsonic will move hahahah. I'm expecting a massive hike the next couple of days.

Any idea when this stock will ever start moving ?

The price will fall back soon. The game has not started yet.

Why are you guys worried about the diluted EPS?

EPS is a function of Earnings divided by no. of Shares. Yes, no doubt the share base will be increased as a result of the placement, but you must bear in mind that the 100++mil proceeds raised to carry out the massive order book may also potentially contribute to much larger earnings in the near future. If both the numerator and denominator increases at the same time, wouldn't it net off each other. Or better still if the numerator increases at larger scale than the denominator, wouldn't it contribute to a higher EPS?

And c'mon, Datuk Tay is not so stupid to dilute his stake without thinking about the overall benefits. If these investors are strategic investors that may generate more business for IRIS in the near future, ain't it worth thinking ?

And besides, 8/10 private placements has historically resulted in a price uptrend.

I've faith in IRIS, lets have a good sleep and watch the show tomorrow. Cheers guys !

Upwards le ... the last time they placed to Felda it flew like rocket.

OMG .... tml price will fly !!!

Wait for the late evening play ... hehe

something is up ... stay tuned

Something is coming up today.

05/03/2014 23:13

tchaipeng: IRIS just signed a MOU with Australian Federal University to provide Agro based certifications via Stamford college today. The partnership will see expansion of iris into education in Asian and African countries in very near future.

Tchaipeng, i can't find this in the announcements. Is this gonna be announced during lunch time today?

Sit tight guys .... more good news coming.

nope ... crisis is over. Putin made money when the currency drop .... he is done for the day

evening play coming ..... stay tuned

worry not, our index is still going up.

up up up ....

late evening rally again today .... possible to end with 5 sen gain

Looking at Iris's trend. Whenever they have a huge spike, the following few days will continue to go up .....

So guys, grab your pie !!

Putin ordered his troops back to base. LOL !!

http://www.cnbc.com/id/101462413

http://www.thestar.com.my/Business/Business-News/2014/03/04/Only-a-healthy-correction-Analysts-say-conflict-in-Ukraine-not-affecting-local-bourse/

Engine has re-started :) today can up 5 sens ?

QA is coming soon. Don't wait for another drop only accumulate. Grab now guys ....

Trust me, Russia won't risk attacking Ukraine. If Russia attacks, they will risk the whole world putting economic sanctions on them. Their currency will drop to the lowest point, Inflation kicks in, shortage of raw materials etc. Now, whose on the losing end ?

Remember that US almost attacked Syria months ago? Stock market dropped, but US bowed to international pressure and withdrew its forces. What happens next ? Stock market went rocket to a new high.

Think guys. Think .....

Disregard Mikekong. Iris has no danger ahead. Uptrend rally coming ahead.

LOL James7898 obviously didn't get his facts right.

Correction is over. Next week is rally time ....