Malaysia palm output seen exceeding 20 million tons in 2018 - Minister
http://www.theedgemarkets.com/article/malaysia-palm-output-seen-exceeding-20-mil-tons-2018-%E2%80%94-minister

Palm oil may rise to Rm 2669:
http://www.theedgemarkets.com/article/palm-oil-may-rise-2669-ringgit

This morning, profit taking across the board...

It is a liquidity driven mkt currently. Most counters should benefit. In fact, this counter is trending upwards. Let's see if it can cross 60 sen.

Do not despair. I just checked the top actives. Even its peers like Trive Property Group and ANZO Holdings, etc have started to move. I see no reason why this counter should not follow the pack. It is probably clearing the contra players...

Still closed at 35 sen. It has to cross 36 sen, before it can go higher...

Wow, old man is back. This time, it broke past 78.5 sen, without his pumping up, to end at 79 sen.

We welcome him back to steer this ship, after finally triumphing his hard-fought Saparu Energy war with the big boys.

I like the current price movement. Small vol traded with an upward bias. Once the vol explodes, 1 of the 2 things could happen:
1. The operator invites punters/investors to trade the price higher;
2. The operator will distribute his shares when the price spikes up a lot, like in the previous case.

We can only tell whether it is scenario 1 or 2 on hindsight. So, it is usually safer to buy on small vol traded.

Just my humble views.

Currently, the warrant is trading at 3.5 sen. There is a 1.5 sen discount to its mother share price, if we add the warrant exercise price of 20 sen per share. For those who have extra cash to convert to mother share, of course it is a better buy. But do bear in mind the lead time to submit and process the conversion. By then, we will not know if the mother share price still remains at 25 sen.

Pls do your homework.

Expiry/Maturity of the securities

NI HSIN RESOURCES BERHAD


Instrument Category Securities of PLC
Instrument Type Warrants
Type Of Expiry Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price Cash
Exercise/ Strike/ Conversion Price Malaysian Ringgit (MYR) 0.2000
Exercise/ Conversion Ratio 1:1
Settlement Type / Convertible into Physical (Shares)
Last Date & Time of Trading 22 Jan 2018 05:00 PM
Date & Time of Suspension 23 Jan 2018 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c 02 Feb 2018 04:00 PM
Date & Time of Expiry 09 Feb 2018 05:00 PM
Date & Time for Delisting 12 Feb 2018 09:00 AM

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5653309

Today, the operator attempted to break above the recent high of 78.5 sen, but unsuccessful. Nevertheless, it still closed up 1 sen, ahead of a weekend.

Next week will be more interesting as we approach nearer to the EGM date on 15 Jan 18.

Somebody commented that it may not be a fair deal, given that it is a related party transaction. Now, we have a more objective view from the independent adviser.

(Extract of recommendation from the independent adviser KAF Investment Bank Berhad)

RECOMMENDATION(under Executive Summary):
Based on the above and the evaluation of KAF IB as a whole, we are of the opinion that the
Proposed Disposal is FAIR and REASONABLE and is NOT detrimental to the noninterested
shareholders of Comcorp. Accordingly, we recommend that the non-interested
shareholders of Comcorp to VOTE IN FAVOUR of the ordinary resolution pertaining to the
Proposed Disposal to be tabled at the forthcoming EGM of the Company.

For more details, please read up...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5655281

Old man is back. Tough fighting the Saparu Energy war with the big boys? Here, it is less crowded....

If it can close above 78.5 sen, a better sign

It breaks the recent high of 78.5 sen. A good sign...

This is a liquidity driven mkt now. Extra high trading vol. Anything is possible if the operator starts to push to offload shares collected earlier. Yesterday was a warming up session?

Independent advice circular to the non-interested shareholders of Comintel Corporation Bhd ("Comcorp") in relation to the proposed disposal of 100% equity interest in BCM Electronics Corporation Sdn Bhd, a wholly-owned subsidiary company of Comcorp, to Aurelius Holdings Sdn Bhd for a cash consideration of RM123,800,000 ("Proposed Disposal")

Please read up to make your voting decision at the EGM. Open up the attachment file:
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

This is a liquidity driven market now. Watch the vol and trade with care.

Warrant is going to expire very soon. Pls check expiry date. It is a risky short term play by the operator. If u want to catch the current fever now, mother share is preferred.

Somebody speaks like 687423. If I am not wrong, the old man did not bid up the price this time. He is still busily engaged with the Sapra Energy war with the big boys.

Do not be too sure....haha

Immediate Announcement on Shares Buy Back
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5655065

I just saw the candlestick chart. It looks nice, trending up. Hope the operator does not cheat us...

A lot of speculative counters and 2nd liners have started to be active again these 2 days. Let's see when this counter will catch on the CNY rally fever .....

It closed at 97 sen. My assessment is spot on...

It is quietly creeping up - cleverly manovored by the operator, with low vol, while most mkt players are actively chasing the top active counters now...

Profit taking today(by contra players?). So, the operator has to bring it lower. Got to see tomorrow if the play continues...

Wow...closed at 35 sen....

I am not the operator. I cannot comment on the target price. Will see how it performs tomorrow. It closed at 15 sen. If the play continues, then it is a good sign.

For how long, it is anybody's guess...

It is riding on the CNY wave. Many penny stocks start to be played up....

Really? I will not be surprised. Mkt has started to become active again yesterday after the Dec holidays.....

It broke above 32.5 sen(recent high) yesterday to close at 33 sen. Good show...

The goreng master is a smart guy. It is easier to ride on the current CNY wave to goreng up. Less efforts needed...

It just boils down to the "superb" interplay of the 3 Chinese elements - a fantastic timing, a familiar playground and a participating crowd.

Let's see....

Dartmaster, remember my earlier posting on 22 Dec 17?

------------------------------------------------------------------------------
Lesson learnt - If a counter reports good result and the share price does not go up, we must panic-buy before the operator pushes it up.

That is a good lesson point...

It closed at 73 sen today, without buying from the old man? See if it will move higher nearer to the EGM date, also to coincide with the CNY play that is already happening to some of the active counters today...

No one thanked me. If u had looked back the past postings, u would have noticed I was the one who mentioned some collections going on, way before Carurhead2 recommended..

Haha...anyway all huat...

Oh, I see. Let's see if it goes up after all the contra/profit taking activities.

Some active counters have enjoyed CNY play today....

Down to 91 sen now. No play? Looks like operator is clearing contra players who jumped in the past few days....

The proposed disposal is subject to the approval of at least 75% in value of shareholders present and voting either in person or by proxy for the disposal at the EGM.

If u want your vote to be counted, please send back your Proxy Form if u are not attending the EGM.

Happy & Prosperous 2018!

I.will see if I can make it. If not, I can send back the proxy form.

What to do? The ship is now sailing without a captain. I just share the info that I come across. Next week, mkt will start to pick up in terms of vol and participation. I plan to cut down on my involvement here.

27 Dec 17 article..
http://www.theedgemarkets.com/article/destini-active-286-positive-tech...

DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN is one of the directors. He has been acquiring(buying) the company shares(either from the open mkt or off the mkt). More info can be found from the Bursa filing.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5652465

Please open up the link and read the attachment.

(Extracted from the attachment):
2.7 Original cost of investment in GPSB by Destini

Destini’s cost of investment in GPSB is as follows:
Date
No. of GPSB Shares
Price per GPSB Shares
Total
RM
RM
30 April 2014
2,500,000
0.68
1,700,000
3 June 2014
200,000
12.00
2,400,000
Total
2,700,000
-
4,100,000

The net book value of the investment in GPSB as at 31 December 2016 stood at RM 1.00 only.

The Proposed Disposal is expected to result in a gain on disposal of approximately RM4,100,000.00 after taking into consideration of the audited net book value of the investment in GPSB.

2.8 Utilisation of Proceeds
The proceeds from the Proposed Disposal and the Long Term Loan to be received by Destini based on the schedule as set out in Sections 2.5.1(a) and 2.5.2(a) of this Announcement, shall be utilised for working capital purposes.

3. RATIONALE FOR THE PROPOSED DISPOSAL
Destini Group is an integrated engineering solutions provider mainly involved in the aviation, marine, oil & gas and automotive industries, operating in Malaysia, Singapore, Middle East, Australia and China. The Proposed Disposal is a strategic move for Destini to remain aligned and focused on its core businesses.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DESTINI BERHAD ("DESTINI" OR "THE COMPANY") - Proposed Disposal of 51.92% Equity Interest in Green Pluslink Sdn Bhd

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5652665

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN BCM ELECTRONICS CORPORATION SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF COMINTEL CORPORATION BHD ("COMCORP"), TO AURELIUS HOLDINGS SDN. BHD. FOR A CASH CONSIDERATION OF RM123.8 MILLION

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650869

Please read up and do your homework(due diligence).

The most heart-dropping stock for today is none other than Hengyuan Refinery. It drops RM 1.66(or 9.2%), much like the Bitcoins price plunge.

Operator really knows how to pump the hearts of investors with strong external stimulus.

KLCI is up 17.71 pts today on obvious window dressing. But most penny stocks are down. Lol.

Today, it was sold down to 92 sen on low vol as many penny stocks were sold down ahead of the long weekend.

Let's wait for potential CNY play next week.