Accumulated few more lots at RM1.17

Getting more interesting..

Bank Negara slams MyCC’s decision to fine PIAM and its members http://www.thestar.com.my/business/business-news/2017/03/01/bank-negara-slams-myccs-decision-to-fine-piam-and-its-members/ (Share from StockHunter)

PETALING JAYA: The General Insurance Association of Malaysia (PIAM) said it is disappointed with the Malaysia Competition Commission's (MyCC) proposed decision of a RM213.45 million penalty against the association and its 22 members, for an agreement which it said was reached on a Bank Negara Malaysia (BNM) directive.

MyCC on Tuesday said its proposed decision against PIAM and its members was due to an agreement PIAM and the Federation of Automobile Workshop Owners' Association Of Malaysia (Fawoam) for fixed trade discount rates for parts of certain vehicle makes and labour hourly rates for workshops under the PIAM Approved Repairers Scheme.

In a statement today, PIAM said the association and its members were disappointed with the proposed decision issued by MyCC, as it has always worked in the best interest of the consumer and in full compliance with the directions of its regulator, BNM.

The association noted that the agreement was reached on BNM's directive to resolve significant consumer complaints regarding repair times in the motor insurance industry.

"PIAM sincerely hopes that MyCC will reconsider its proposed decision and the imposition of the financial penalty against its members. We will be obtaining legal advice to defend its position that this was not an anti-competitive agreement," it added.

I think Tunepro handle the issue well...at least one of the first company inform their share holders..

Wait for indication of Feb production output.. normally the Q result announced on Mar over the last 3 years were poor. JT log output on Jan dropped more 4x (in term of %) more than TA.

Disposed some lots yesterday to take profit..

Still confident it will recover within short term (1st half of 2017)..

Take off is well expected as mother share momentum is still strong..

Again take opportunity bought few lots at RM1.18; today

As long as just EPF only is dumping the shares (not all the major shareholders), i will accumulate slowly when drop every 1~2 cents. As the Malakoff business visibility is there, the price down futher means more attractive dividend. The only risk is extension PPA for SEV which is set to take effect by Jun 2017 and expect a 50% reduction in capacity payments. This should factor in at present price (in fact already considered based on TP rated by below broking houses)
Here is the latest TP from few broking houses after the Q result:
RM1.33 UOBKayHian
RM1.45 TA
RM1.61 PUBLIC BANK
RM1.66 KENANGA

Bought few lots at RM1.16 to average down the cost..

Accumulated few lots at RM.52

Better wait for Feb production result, if still poorer, the price should touch rm1.2
Jan'17 production result is poorer compared to Dec/Nov/Oct '16 especially the log output. The CPO price also down on 1st Q 2017.

Strange was ASB continue buy in and added 0.5% within these 3 maths. EPF is dumping the share to press the price down (since foreign fund is not active) to open as chance for EPF S Fund to be in beside release some money for eco, other investment??? time will tell..

Still confident with Tunepro which is net cash company..Compare with AirAsia sell down previously.

Latest news from MIDF..

Recommendation. We maintain our BUY stance with an unchanged TP of RM2.18 based on FY17 sum-of-parts valuation. Our positive is on the back of the Group has (1) a first mover’s advantage of digital insurance and digital remarketing (2) dominant market share in local travel insurance with dynamic pricing on travel products, (3) various ongoing initiatives for product innovation, customer oriented and channel, and (4) undemanding valuation of PBV and PER of 2.7x and 16.9x.

Source: MIDF Research - 24 Feb 2017

Accumulated few lots..
The profit was improved compare with last Q (but no good compare with same Q last year). For me, it is good time to accumulate. The higher claims rate and poorer performance pull down the profit.

Accumulated quite some lots..I am confident with this counter as they never lost so far. The SEV will revise lower late by mid of this year should not impact the price so much. The dividend >4% is very attractive as present price already factor in all the bad news.
Malakoff seeks new overseas ventures, acquisitions http://m.thesundaily.my/node/429011

Plan to list REIT will be this year but actual ipo may early of next year. Normally to go for ipo need 9~12 months

Further bought few more lots as logistic sector expects perform better for these 2 years. Q result not on bar compared previous q but the business visibility is good + REIT booster..

Q result not bad and more projects secured, vusibility ok but price was getting lower. So, take opportunity to bought few lots..

Expect the price will below 1.3 especially the Jan'17 production output (mainly timber output) was worsened compare with last 3 months!

Take opportunity to accumulate some more.. as the dividend is better than FD..

The Q result is better than last Q:
Previous Q: Revenue: 83.8mil; net profit: 19.3mil
Latest Q: Re:69 mil; net Profit: 32mil
But compare preceding year same Q is lower. Whole year is better than previous financial year.

Another new progress of CCMD

http://www.stockhut.com.my/news/255989

Good to look into this counter is present rally is still continue after consolidate.. especially next year should perform even better..

Disposed some to take profit...

Take opportunity to accumulate more..

Taliworks ‘dividend Splash’ in the works? http://m.thesundaily.my/node/426511 (Share from StockHunter)

Good for long term. For short term it is Taliwork...

Has followed Harry's FB Live & Blog for sometime, quite informative.... Anyway, buy or sell is depend on your decision & perception (the duration of short/mid/longterm may differnt among each other, achieved your TP or have a better alternative may caused you to let go your shares too).

Received world 1st halal pharmaceutical standard MS2424:2012 certification . It poised to received more orders from government hospitals and able to make inroads into the global halal pharmaceutical industry which is estimated to be worth about US$75bil.
Read more at http://www.thestar.com.my/business/business-news/2017/02/06/ccm-to-return-to-the-black/#GCJepmTFzKWMjpVE.99

Mother share is getting aggressive, hopefully WE will follow soon...

The dispute settlement is positive for long term.. good opportunity to accumulate at RM1.26

A big contrast between mother share price up but WE down.
Will further accumulate at rm1.27 or lower..

Just jump in to accumulate few lots at RM2.38
With high unbilled sales and attractive dividend. The property sector now at low and should better at 2nd half. So, good for mid term.

Disposed all after collected for few months. Thanks for the big angpow!

Take opportunity to further accumulate few lots at RM1.46
Give reasonable dividend at every q and potential special bonus when the Selangor water deal is settle soon.

Good opportunity to accumulate WE at RM1.27 or lower.. as Gamuda is still the top pick for construction sector additional bonus of Splash water settlement with Selangor Gov...

（吉隆坡17日讯）大马种植研究和諮询机构Ganling私人有限公司预测，去年厄尔尼诺现象对大马及印尼棕油產量的影响料延烧至2017上半年。

Ganling董事林亚丰在接受《彭博社》访问时指出，大马首季棕油產量料出现急跌的现象，而印尼则会在今年次季和第3季面临同样的状况。

「棕油供应紧张问题將限制棕油库存的上涨空间，这预计可支撑首季的棕油价格走势。」

他预计，大马1月份棕油產量料按月减少10%至12%，当中沙巴棕油產量跌幅最高，约按月下滑15%；同时，今年1月份棕油库存也料从去年12月份的167万公吨，降低至160万公吨。不过，林亚丰表示，雨季来临將引领棕油產量在今年下半年迈向復甦，每月料以双位数幅度成长。

「然而，2017年全年棕油產量成长將因首季棕油產量偏低而受限。」



他称，大马2017年棕油產量料从去年的1732万公吨，增长至1870万公吨，而2015年產量为1996万公吨。至于东海岸洪水事件，他觉得，这对大马棕油產量影响甚微。

印尼方面，林亚丰表示，儘管当地棕油產量在去年末季突然飆升，但相信会在今年首季回到正常水平，而厄尔尼诺现象的滯后效应料影响5月至7月的棕油產量，直至今年末季才有望恢復。

他预计，印尼2017年棕油產量达3280万公吨，回稳至2015年水平，相比2016年棕油產量预测2800万公吨。

「印尼復甦速度之所以比大马来得快，主要是因为当地棕油树龄偏低和不断扩大种植范围。」

以过去歷史来看，在经歷长时间的乾旱后，棕油產量通常会连续6个月至24个月下滑，才会恢復正常。因此，林亚丰表示，当大马2017年1月份棕油產量出现双位数跌幅，棕油价格將应声高涨。

「届时，供应收紧和强劲的外需將引领棕油价格于2月份上探至每公吨3400令吉，推高首季棕油平均价格至每公吨3200令吉。」

惟，他提醒道，在棕油產量反弹、大豆油供应充足和气候有利于油籽生產的情况下，棕油价格估计在下半年趋软，甚至于10月至11月时下探至每公吨2200令吉。

「换言之，2017年棕油平均价格將为每公吨2600令吉。」截至下午5时，大马衍生品交易所棕油期货价格为每公吨3159令吉

Hopefully BIMB will benefit from it but most important it need to deliver result..
KUALA LUMPUR: The Employees Provident Fund (EPF) says a total of RM59.03bil of the initial RM100bil fund allocated for Simpanan Shariah 2017 have been taken up and 635,037 members have switched to Simpanan Shariah, as at Dec 23, 2016.

“We have anticipated that at least half of the initial RM100bil fund will be taken up and we are truly encouraged by the latest statistics. For Simpanan Shariah 2018, we have allocated RM50bil as further injection,” EPF chief executive officer Datuk Shahril Ridza Ridzuan said in a statement on Tuesday.

“We are on a good track of growing our investment in Shariah assets. About 45% of EPF’s total investment assets are already Shariah compliant and we expect to grow these assets by at least RM25bil a year on average,” he added.

Simpanan Shariah was introduced in August 2016 as an option for members who wish to convert their current conventional EPF savings to one that is managed and invested in accordance with the Shariah principles. Members who wish to switch to Simpanan Shariah 2018 may do so before Dec 24, 2017

Top Picks For logistics Segment:
TiongNam (BUY; TP: RM2.07) due to its resilient earnings and the potential valuation rerating upon its REIT listing.
Source: Hong Leong Investment Bank Research - 13 Jan 2017

Finally wccumulated few lots at RM1.55 at the down trend is limited..

Getting attractive... especially present price is getting lower despite it present frequent share buy back and potential listing of its REIT..

http://klse.i3investor.com/blogs/clf/112821.jsp
.....
UOB Kay Hian Research head Vincent Khoo is also seeing opportunity amid the bleakness.

“Yes, 2017 remains a challenging year for emerging-market equities amid rising US interest rates, and growing protectionism in the western world, while the global economic growth prospects remain lacklustre. On the home front, the ringgit continues to be besieged by a major confidence issue.

“Nevertheless, the FBM KLCI should deliver some excitement in the first-half of 2017, led by a firmer ringgit outlook, investors pricing in a potential general election (GE), and a modest realignment of corporate earnings growth to gross domestic product growth, after four consecutive years of earnings contractions,” says Khoo.
......
Khoo’s top picks include largecaps such as BIMB Holdings Bhd, Gamuda Bhd, Genting Bhd and Tenaga Nasional Bhd. For the small caps, he likes Ann Joo Resources Bhd, Bumi Armada Bhd, Hume Industries Bhd, Kerjaya Prospek Group Bhd, Kim Loong Resources Bhd, MRCB Quill Bhd and VS Industry Bhd.

As the mother share is still unchanged and the expire date for the WA is Dec2023. It is good opportunity to accumulate especially the EPF Syariah fund will in just around the corner...

Opportunity to accumulate BIMB-WA..

Good to accumulate BIMB WA again...

KUALA LUMPUR: Ahmad Zaki Resources Bhd(AZRB) saw its net profit almost double to RM8.5mil for the third quarter financial year ended  September 30, 2016  (Q3 16) driven by higher revenue and other operating income. 

In a filing with Bursa Malaysia, the construction player’s revenue for Q3 16 rose by 53% to RM271mil, primarily on the back of commendable contributions by its construction division as certain projects had shown higher progress during the period.

Besides that, the additional new projects that were awarded during the second quarter, also strengthened AZRB’s revenue for the quarter under review.

For the nine months, net profit surged 8.6% to RM18.9mil while revenue climbed by 74% to RM844mil. For Q3 16, dividend was flat at 2 sen per ordinary share and earnings per share rose by 91.3% to 1.76 sen.

Commenting on its prospects moving forward, AZRB is optimistic on enhancing its order book of its construction division, which stands at RM4.1bil at present.

The oil and gas division expects to remain steady despite the continuing prolongation of weak global oil prices and sentiments and also anticipates increasing contribution from its operations at Tok Bali Supply Base as the port continues to develop and mature.

As for the plantation division, AZRB foresees the segment to improve its overall contribution to the group despite the increasing yields and stringent cost controls being implemented.

The property division has development projects with an estimated gross development value of RM1.4bil (at the date of this report). It is planning on several residential development projects for launch in 2016 and 2017. The successful launches of these projects are expected to contribute positively to the company moving forward

Profit almost double..Godd