Timber export growth to be maintained this year, says MTC
By Tan Siew Mung / theedgemarkets.com | March 17, 2016 : 11:16 AM MYT
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KUALA LUMPUR (March 17): Malaysian Timber Council (MTC) which sees India as a new market for timber products, is expecting Malaysia's exports of timber and timber products to be maintained at current growth.

Malaysia's exports of timber and timber products in 2015 increased by 6.5% to RM22.14 million, compared to RM20.78 billion in 2014.

"The industry outlook for 2016 is quite positive...we see some growth from the United States in building construction," MTC's chief executing officer Datuk Dr. Abdul Rahim Nik said while speaking to reporters at the sidelines of MTC Marketing Seminar 2016.

"I expect we can at least maintain current growth from last year, " he added.

Nik also highlighted that the association is looking into new markets such as India for new growth, besides traditional markets.

He sees potential for the country due to its growth in middle class and demand in timber products from Malaysia.

In 2015, India imported about RM1.89 billion worth of timber and timber products from Malaysia, an increase of 6.3% compared to 2014.

He said the association planned to establish an office in India by third quarter of this year, to tap into that market.

He also said the association is looking into China, but as China is also Malaysia's competitor, Malaysia has to find its niche products to increase market share in China.

"We have to mitigate the competition from China and Vietnam by providing better quality products," he added.

150亿合约今年陆续颁发 泛婆大道照亮建筑股

财经新闻 财经

2016-03-12 10:59

1 of 2

（吉隆坡11日讯）随着砂州泛婆罗大道合约昨日颁出“配套3”工程，显示当局再次启动合约热潮，今年还会从14家竞标联营或财团中，选出9项工程配套的赢家，总值140亿至150亿令吉，激励国内建商前景。

昨天，金轮企业（KIMLUN，5171，主板建筑股）和亿强工程（ZECON，7028，主板建筑股）的联营公司，获得泛婆罗大道Serian圆环至Pantu Junction的发展和升级工程，总值14亿6077万3150令吉。

泛婆罗大道全长1089公里，其中，从三马丹（Sematan）至美里的746公里道路工程，在去年10月完成招标程序，今年会颁发10项主要工程配套。

大马研究指出，在颁发配套3后，目前由14个合格联营或财团，虎视眈眈9项配套，各长60至90公里。

在这当中，分析员相信，配套7可能会在4月底的砂州选举前推介，有传首相下月将会亲自推介。

配套7全长76公里，从Bintangor路口至Julau路口，以及从诗巫机场圆环至Salangau的Sungai Kua桥，也拥有长达1.2公里最长的桥Batang Rajang。

“我们看好砂拉越的建筑领域，除了开始释出大道合约，还有去年州政府80亿4000万令吉的预算案，拨出了59亿7000万令吉的发展开销，比去年多31.3%。”

预计今年会释出的主要工程，包括6亿令吉新木胶机场、约5亿令吉的古晋中央污水处理系统配套2，以及14亿令吉的Baleh道路工程。

“为此，我们维持对砂州建筑领域的‘增持’看法，首选股为砂拉越电缆（SCABLE，5170，主板工业产品股）、福胜利（HSL，6238，主板建筑股），以及许甲明（KKB，9466，主板工业产品股）。”

金轮合约增至14亿 3年财测上修2-25%

金轮企业赢得泛婆罗洲大道合约，将工作订单推高至14亿令吉，因而获分析员将3年财测，调高2%至25%。

根据金轮企业和亿强工程（ZECON，7028，主板建筑股）在联营公司的持股率，金轮企业所占的合约价值比例，为4.38亿令吉。

大马研究分析员表示，假设泛婆罗洲大道合约的税前盈利赚幅为5%，根据金轮企业的持股比例，相信公司在未来5年，每年可袋入550万令吉。

丰隆投行研究分析员指出，这项合约已将公司的工作订单，大幅拉高47%，录得14亿令吉，相等于1.6倍的2015财年建筑业务营业额。

“年初至今，金轮企业已赢得总值7.11亿令吉的新订单，几乎达到上财年全年的7.5亿令吉新订单规模，而且，公司今年目标再取得3亿至5亿令吉的新订单。”

分析员续称，由于目前的新订单规模，已超越原本的7亿令吉目标，因此，该行把今年的目标提高至12亿令吉，也将公司今明年财测，调涨3%至9%。

“从赢得泛婆罗洲大道合约来看，金轮企业已开始更积极地竞标基建工作订单，且公司还竞标中枢大道工程，也受邀竞标高速大道工程。”

肯纳格投行分析员指出，该行也将金轮企业今年的新订单预测，调高至11.4亿令吉，并看好公司能够达标。

“同时，我们将金轮企业今明年财测，分别调高2%和14%，至7000万令吉与8380万令吉。”

订单走强分析员改观

在马银行投行方面，分析员同样把公司的新订单预测，提高至13亿令吉，并将今年至后年每股盈利预测，分别调涨25%、8.5%及16%。

丰隆投行研究分析员说，基于依斯干达区的市场疲软，该行原本看淡金轮企业前景，但随着公司取得更强劲的订单，该行也开始转变看法。

“我们如今转为看好该股，并将评级提高至‘买入’，目标价为2.23令吉，高于早前的1.56令吉。”

至于金轮企业的建材预制业务，公司正竞标捷运第二路线（MRT2）节段箱梁供应合约，还有新加坡捷运路线与地下道系统合约。

马银行投行分析员对此表示：“虽然我们把今年的预制合约预测，提高33%，至4亿令吉，但估计明年的预制赚幅将陷入下跌，因MRT2对低赚幅预制建材的需求较高。”

砂州建筑合约赢家：

砂州主要承包商
股项
●砂查也马特（CMSB，2852，主板工业产品股）
●纳音控股（NAIM，5073，主板产业股）
●福胜利
●许甲明
理由：有能力各自取得一项大道配套工程，以及砂拉越再生能源走廊（SCORE）和乡村发展工程。

原料和周边领域
股项：
●昇阳船务机构（SYSCorp，5173，主板贸服股）
●民都鲁港口（BIPORT，5032，主板贸服股）
●砂拉越电缆 (SCABLE, 5170, 主板工业产品股)
理由：昇阳船务机构和民都鲁港口可从原料和资源的物流交通中获利；砂拉越电缆可提供公用事业部件，如电缆和钢柱。

其他半岛建商
股项：
●IJM（IJM，3336，主板建筑股）
●双威建筑（SUNCON，5263，主板建筑股）
●金务大（GAMUDA，5398，主板建筑股）
●马资源（MRCB，1651，主板建筑股）
●WCT控股（WCT，9679，主板建筑股）
●高峰控股（BPURI，5932，主板建筑股）
理由：虽然半岛承包商只能在联营公司持股30%，但相信能凭借专才和资源，工程份额会高于30%。

150亿合约今年陆续颁发 泛婆大道照亮建筑股

财经新闻 财经

2016-03-12 10:59

1 of 2

（吉隆坡11日讯）随着砂州泛婆罗大道合约昨日颁出“配套3”工程，显示当局再次启动合约热潮，今年还会从14家竞标联营或财团中，选出9项工程配套的赢家，总值140亿至150亿令吉，激励国内建商前景。

昨天，金轮企业（KIMLUN，5171，主板建筑股）和亿强工程（ZECON，7028，主板建筑股）的联营公司，获得泛婆罗大道Serian圆环至Pantu Junction的发展和升级工程，总值14亿6077万3150令吉。

泛婆罗大道全长1089公里，其中，从三马丹（Sematan）至美里的746公里道路工程，在去年10月完成招标程序，今年会颁发10项主要工程配套。

大马研究指出，在颁发配套3后，目前由14个合格联营或财团，虎视眈眈9项配套，各长60至90公里。

在这当中，分析员相信，配套7可能会在4月底的砂州选举前推介，有传首相下月将会亲自推介。

配套7全长76公里，从Bintangor路口至Julau路口，以及从诗巫机场圆环至Salangau的Sungai Kua桥，也拥有长达1.2公里最长的桥Batang Rajang。

“我们看好砂拉越的建筑领域，除了开始释出大道合约，还有去年州政府80亿4000万令吉的预算案，拨出了59亿7000万令吉的发展开销，比去年多31.3%。”

预计今年会释出的主要工程，包括6亿令吉新木胶机场、约5亿令吉的古晋中央污水处理系统配套2，以及14亿令吉的Baleh道路工程。

“为此，我们维持对砂州建筑领域的‘增持’看法，首选股为砂拉越电缆（SCABLE，5170，主板工业产品股）、福胜利（HSL，6238，主板建筑股），以及许甲明（KKB，9466，主板工业产品股）。”

金轮合约增至14亿 3年财测上修2-25%

金轮企业赢得泛婆罗洲大道合约，将工作订单推高至14亿令吉，因而获分析员将3年财测，调高2%至25%。

根据金轮企业和亿强工程（ZECON，7028，主板建筑股）在联营公司的持股率，金轮企业所占的合约价值比例，为4.38亿令吉。

大马研究分析员表示，假设泛婆罗洲大道合约的税前盈利赚幅为5%，根据金轮企业的持股比例，相信公司在未来5年，每年可袋入550万令吉。

丰隆投行研究分析员指出，这项合约已将公司的工作订单，大幅拉高47%，录得14亿令吉，相等于1.6倍的2015财年建筑业务营业额。

“年初至今，金轮企业已赢得总值7.11亿令吉的新订单，几乎达到上财年全年的7.5亿令吉新订单规模，而且，公司今年目标再取得3亿至5亿令吉的新订单。”

分析员续称，由于目前的新订单规模，已超越原本的7亿令吉目标，因此，该行把今年的目标提高至12亿令吉，也将公司今明年财测，调涨3%至9%。

“从赢得泛婆罗洲大道合约来看，金轮企业已开始更积极地竞标基建工作订单，且公司还竞标中枢大道工程，也受邀竞标高速大道工程。”

肯纳格投行分析员指出，该行也将金轮企业今年的新订单预测，调高至11.4亿令吉，并看好公司能够达标。

“同时，我们将金轮企业今明年财测，分别调高2%和14%，至7000万令吉与8380万令吉。”

订单走强分析员改观

在马银行投行方面，分析员同样把公司的新订单预测，提高至13亿令吉，并将今年至后年每股盈利预测，分别调涨25%、8.5%及16%。

丰隆投行研究分析员说，基于依斯干达区的市场疲软，该行原本看淡金轮企业前景，但随着公司取得更强劲的订单，该行也开始转变看法。

“我们如今转为看好该股，并将评级提高至‘买入’，目标价为2.23令吉，高于早前的1.56令吉。”

至于金轮企业的建材预制业务，公司正竞标捷运第二路线（MRT2）节段箱梁供应合约，还有新加坡捷运路线与地下道系统合约。

马银行投行分析员对此表示：“虽然我们把今年的预制合约预测，提高33%，至4亿令吉，但估计明年的预制赚幅将陷入下跌，因MRT2对低赚幅预制建材的需求较高。”

砂州建筑合约赢家：

砂州主要承包商
股项
●砂查也马特（CMSB，2852，主板工业产品股）
●纳音控股（NAIM，5073，主板产业股）
●福胜利
●许甲明
理由：有能力各自取得一项大道配套工程，以及砂拉越再生能源走廊（SCORE）和乡村发展工程。

原料和周边领域
股项：
●昇阳船务机构（SYSCorp，5173，主板贸服股）
●民都鲁港口（BIPORT，5032，主板贸服股）
●砂拉越电缆 (SCABLE, 5170, 主板工业产品股)
理由：昇阳船务机构和民都鲁港口可从原料和资源的物流交通中获利；砂拉越电缆可提供公用事业部件，如电缆和钢柱。

其他半岛建商
股项：
●IJM（IJM，3336，主板建筑股）
●双威建筑（SUNCON，5263，主板建筑股）
●金务大（GAMUDA，5398，主板建筑股）
●马资源（MRCB，1651，主板建筑股）
●WCT控股（WCT，9679，主板建筑股）
●高峰控股（BPURI，5932，主板建筑股）
理由：虽然半岛承包商只能在联营公司持股30%，但相信能凭借专才和资源，工程份额会高于30%。

SCIB yes but NOT STABLE

150亿合约今年陆续颁发 泛婆大道照亮建筑股

财经新闻 财经

2016-03-12 10:59

1 of 2

（吉隆坡11日讯）随着砂州泛婆罗大道合约昨日颁出“配套3”工程，显示当局再次启动合约热潮，今年还会从14家竞标联营或财团中，选出9项工程配套的赢家，总值140亿至150亿令吉，激励国内建商前景。

昨天，金轮企业（KIMLUN，5171，主板建筑股）和亿强工程（ZECON，7028，主板建筑股）的联营公司，获得泛婆罗大道Serian圆环至Pantu Junction的发展和升级工程，总值14亿6077万3150令吉。

泛婆罗大道全长1089公里，其中，从三马丹（Sematan）至美里的746公里道路工程，在去年10月完成招标程序，今年会颁发10项主要工程配套。

大马研究指出，在颁发配套3后，目前由14个合格联营或财团，虎视眈眈9项配套，各长60至90公里。

在这当中，分析员相信，配套7可能会在4月底的砂州选举前推介，有传首相下月将会亲自推介。

配套7全长76公里，从Bintangor路口至Julau路口，以及从诗巫机场圆环至Salangau的Sungai Kua桥，也拥有长达1.2公里最长的桥Batang Rajang。

“我们看好砂拉越的建筑领域，除了开始释出大道合约，还有去年州政府80亿4000万令吉的预算案，拨出了59亿7000万令吉的发展开销，比去年多31.3%。”

预计今年会释出的主要工程，包括6亿令吉新木胶机场、约5亿令吉的古晋中央污水处理系统配套2，以及14亿令吉的Baleh道路工程。

“为此，我们维持对砂州建筑领域的‘增持’看法，首选股为砂拉越电缆（SCABLE，5170，主板工业产品股）、福胜利（HSL，6238，主板建筑股），以及许甲明（KKB，9466，主板工业产品股）。”

金轮合约增至14亿 3年财测上修2-25%

金轮企业赢得泛婆罗洲大道合约，将工作订单推高至14亿令吉，因而获分析员将3年财测，调高2%至25%。

根据金轮企业和亿强工程（ZECON，7028，主板建筑股）在联营公司的持股率，金轮企业所占的合约价值比例，为4.38亿令吉。

大马研究分析员表示，假设泛婆罗洲大道合约的税前盈利赚幅为5%，根据金轮企业的持股比例，相信公司在未来5年，每年可袋入550万令吉。

丰隆投行研究分析员指出，这项合约已将公司的工作订单，大幅拉高47%，录得14亿令吉，相等于1.6倍的2015财年建筑业务营业额。

“年初至今，金轮企业已赢得总值7.11亿令吉的新订单，几乎达到上财年全年的7.5亿令吉新订单规模，而且，公司今年目标再取得3亿至5亿令吉的新订单。”

分析员续称，由于目前的新订单规模，已超越原本的7亿令吉目标，因此，该行把今年的目标提高至12亿令吉，也将公司今明年财测，调涨3%至9%。

“从赢得泛婆罗洲大道合约来看，金轮企业已开始更积极地竞标基建工作订单，且公司还竞标中枢大道工程，也受邀竞标高速大道工程。”

肯纳格投行分析员指出，该行也将金轮企业今年的新订单预测，调高至11.4亿令吉，并看好公司能够达标。

“同时，我们将金轮企业今明年财测，分别调高2%和14%，至7000万令吉与8380万令吉。”

订单走强分析员改观

在马银行投行方面，分析员同样把公司的新订单预测，提高至13亿令吉，并将今年至后年每股盈利预测，分别调涨25%、8.5%及16%。

丰隆投行研究分析员说，基于依斯干达区的市场疲软，该行原本看淡金轮企业前景，但随着公司取得更强劲的订单，该行也开始转变看法。

“我们如今转为看好该股，并将评级提高至‘买入’，目标价为2.23令吉，高于早前的1.56令吉。”

至于金轮企业的建材预制业务，公司正竞标捷运第二路线（MRT2）节段箱梁供应合约，还有新加坡捷运路线与地下道系统合约。

马银行投行分析员对此表示：“虽然我们把今年的预制合约预测，提高33%，至4亿令吉，但估计明年的预制赚幅将陷入下跌，因MRT2对低赚幅预制建材的需求较高。”

砂州建筑合约赢家：

砂州主要承包商
股项
●砂查也马特（CMSB，2852，主板工业产品股）
●纳音控股（NAIM，5073，主板产业股）
●福胜利
●许甲明
理由：有能力各自取得一项大道配套工程，以及砂拉越再生能源走廊（SCORE）和乡村发展工程。

原料和周边领域
股项：
●昇阳船务机构（SYSCorp，5173，主板贸服股）
●民都鲁港口（BIPORT，5032，主板贸服股）
●砂拉越电缆
理由：昇阳船务机构和民都鲁港口可从原料和资源的物流交通中获利；砂拉越电缆可提供公用事业部件，如电缆和钢柱。

其他半岛建商
股项：
●IJM（IJM，3336，主板建筑股）
●双威建筑（SUNCON，5263，主板建筑股）
●金务大（GAMUDA，5398，主板建筑股）
●马资源（MRCB，1651，主板建筑股）
●WCT控股（WCT，9679，主板建筑股）
●高峰控股（BPURI，5932，主板建筑股）
理由：虽然半岛承包商只能在联营公司持股30%，但相信能凭借专才和资源，工程份额会高于30%。

PM says Pan Borneo Highway will boost economic growth, development and unity in Sarawak

SERIAN: The Pan Borneo Highway will benefit Sarawak in terms of development, economy and unity.

Prime Minister Datuk Seri Najib Tun Razak said the project would not only be a catalyst for economic growth but a game changer that would bring huge transformations to the state’s landscape.

The RM16-billion project was also expected to create an eight-fold multiplier effect on the state’s economy, he said.

“Thirdly, if we want to be a united and developed state, we must ensure a better and effective connectivity for the people, not only in terms of telecommunications like handphone, but also in terms of mobility.

“When this highway is completed, it will be easier for Sarawakians and Malaysians in general to move around and communicate with one another.

“This will surely strengthen the spirit of unity and turn Sarawak to be more united,” Najib said when launching the construction of the 75km stretch of the Pan Borneo Highway project from Serian roundabout to Pantu junction here yesterday.

He said construction of the stretch costing about RM1.46 billion was the third and biggest package compared to the other two packages launched previously. The first package is from Telok Melano to Sematan and the second from Nyabau to Bakun intersection.

By the end of this year, 10 packages of the project would be implemented in Sarawak. The fourth package is to be launched next month, he added.

“The Pan Borneo Highway project is a gift from the federal government to Sarawak. In April 2013, I made a pledge that if BN (Barisan Nasional) is given the mandate in the 13th general election, one of our main promises is that we would implement Pan Borneo Highway for Sarawak. We honoured our promises to Sarawakians.”

Najib assured that the Pan Borneo Highway project would be implemented despite the drop in prices of oil and commodities, adding what made it more meaningful was that the highway would be without toll.

With the states in Peninsular Malaysia from Perlis to Johor seeing rapid development and changes after the construction of the North-South Highway, he believed that Sarawak too would see tremendous development from Sematan to Lawas after the Pan Borneo Highway project is completed.

“When the federal government agreed for this highway project to be implemented, I told them early that I wanted the contracts for this project, be they small or big, to be awarded only to Sarawakian companies owned by Sarawakians.”

In reiterating his commitment to Sarawak, he said the government of the day did not only have a dream for Sarawak, but also plans and vision for the people of Sarawak because Sarawakians needed to get all the benefits for being a partner in the federation.

“Don’t be influenced by the opposition – they can promise anything but they cannot deliver for the people of Sarawak. We have delivered for the people of Sarawak. I also said when we implement this project we must be fair because Sarawak has many races and ethnicities.

“We have to ensure that there is social justice in anything we do and all the ethnics will benefit from the implementation of this Pan Borneo Highway project. We want to ensure that the people of Sarawak would benefit from this.”

Among those present at the event were Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, Chief Minister Datuk Patinggi Tan Sri Adenan Satem, Deputy Chief Minister Datuk Patinggi Tan Sri Alfred Jabu, State Secretary Tan Sri Datuk Amar Mohd Morshidi Abdul Ghani, Works Minister Datuk Seri Fadillah Yusof, Human Resources Minister Datuk Seri Richard Riot, Housing Minister Datuk Amar Abang Johari Tun Openg, Infrastructure Development and Communications Minister Dato Sri Michael Manyin, Assistant Minister of Resource Planning Datuk Naroden Majais and Deputy State Legislative Assembly Speaker Datuk Roland Sagah.

（吉隆坡11日讯）由亿强工程（Zecon Bhd）和金轮企业（Kimlun Corporation Bhd）合组的财团囊获一项价值14亿6000万令吉的合约，为砂拉越泛婆罗洲大道（Pan Borneo Highway）进行部分发展与提升工作，前者股价今日随即扬升1.21%。

截至上午9时42分，亿强工程扬1仙至83.5仙，成交量达117万1400股。

亿强工程与金轮企业昨日各别向大马交易所发文告报备，两家公司均获得Lebuhraya Borneo Utara私人有限公司颁布为期4年（48个月）的得标书。

根据亿强工程与金轮企业，两家公司将成立一家联营公司，以发展泛婆罗洲大道延伸的Serian交通圈-Pantu路口。

金轮企业表示：“这家联营公司一旦正式成立，我们将与Lebuhraya Borneo Utara达至一项协议。”

金轮企业将持有这家联营公司30%股权，而亿强工程则持有其余70%股权。两家公司均预测，这项合约可为业绩带来“正面贡献”。

Measurement of final account for infrastructure works always more than actual workdone . Big project usually many loophole for contractor and consultants make money which is considered as corruption. ' You help me I help you'. Let say contractor can reduce the thickness of asphalt from 100mm thick to 80-90mm thick but claim report still based on specification of 100mm thick. Therefore there is BIG FORTUNE to make money especially MEGA PROJECT. Consultant whoever to certify the claim will just closed their eye because they are always been corrupted by contractor.Win-win and everybody make money. The money is from taxpayer they dont care.

Project Cost:1,500,000,000
Assuming net profit:10%
Profit amount: 150,000,000
Project Duration: 48 months
Estimated profit per month: 3,125,000
Estimated profit per quarter: 9,375,000
Estimated net profit for ZECON 70% JV :6,562,500

KUALA LUMPUR (March 11): Zecon Bhd shares rose 1.21% in early trade today after its consortium with Kimlun Corporation Bhd clinched a RM1.46 billion contract to develop and upgrade a portion of the Pan Borneo Highway in Sarawak.

At 9.21am, Zecon was up 1 sen to 83.5 sen with 1.06 million shares done.

In separate statements to Bursa Malaysia yesterday, Zecon and Kimlun said they secured the four-year (48 month) project's letter of award from Lebuhraya Borneo Utara Sdn Bhd.

According to Zecon and Kimlun, both companies will set up a joint venture company (JVC) to develop the Serian roundabout-Pantu junction stretch of the Pan Borneo Highway.

Kimlun, which will own 30% in the JVC, said: "Upon the due incorporation of the JVC, the JVC will enter into a contract with the awarder on the project."

Zecon will own the remaining 70% in the JVC. Kimlun and Zecon said the contract was expected to "contribute positively" to their financials.

yesterday show only

Waiting for good report to pump up this counter

This stock has been Ignored for PAN BORNEO HIGHWAY

dont forget SCABLE Sarawak Cable Berhad, one of the BIG beneficiary of PAN BORNEO HIGHWAY

better than SOP

Tomorrow will up even more once published as hardcopy in the newspaper. Now many people still dont know this news. SO BUY FIRST

The spotlight was in 1st paragraph "Hong Kong flag carrier Cathay Pacific said net profit almost doubled last year as tumbling oil prices slashed fuel costs". Same apply to AA

Hong Kong flag carrier Cathay Pacific said net profit almost doubled last year as tumbling oil prices slashed fuel costs and boosted passenger numbers, although global demand dented the cargo unit.

With fuel accounting for a huge chunk of most airlines' outlay, the slump in crude since mid-2014 has provided a much-needed boost to their bottom lines.

Cathay reported a net profit of HK$6 billion (RM3.18 billion) in 2015, up 90% from HK$3.15 billion the year before and beating an average forecast of HK$5.32 billion in a Bloomberg survey.

"The group's performance in 2015 was better... the business benefited from low fuel prices," chairman John Slosar said in a statement filed to the Hong Kong Stock Exchange. He added there was a "significant reduction in fuel surcharges".

Cathay said it and subsidiary Dragonair had seen their fuel costs sink 37.8%, although that was partly offset by huge losses in its hedging exposure – when an airline locks in prices at a pre-determined level for a certain amount of time.

"Fuel hedging losses reduced the benefit of lower fuel costs," Slosar said.

The lower surcharges helped boost passenger numbers 7.9%, driven by strong economy class demand, the company said.

"Overall passenger demand remains strong and we expect to continue to benefit from low fuel prices," Cathay Chairman John Slosar said in the statement.

"We are confident of longer-term success... overall passenger demand remains strong and we expect to continue to benefit from low fuel prices," he said.

But he added competition from other airlines in the region and foreign currency fluctuations could put pressure on yield, the amount of cash earned from carrying passengers each km.

Investors were buoyed by the announcement, with the firm's shares closing up 4.93% at HK$14.04 in Hong Kong.

Aviation analyst Robert Poon, of Aspire Aviation, told AFP, "The end of fuel surcharges, translating to more affordable fares, has attracted more passengers."

In a bid to take advantage of the continuing rise in demand for air travel in Asia-Pacific, Cathay said it will be adding a dozen new Airbus A350XWB aircraft, which boast new cabins, seats and entertainment systems, to its fleet in 2016.

However, while the passenger side enjoyed a healthy year, Cathay's cargo services suffered a 9% fall as the sector faced "many challenges" in the face of a slowdown in the global economy, with European business particularly hit.

This in turn dragged on overall revenues, which were down 3.4% at HK$102.3 billion.

"Demand was strong in the first quarter of 2015... overall demand was weak for the rest of the year, particularly on European routes," Slosar said.

Financial analyst Jackson Wong, associate director of Simsen Financial group, told AFP it is "hard to predict" when cargo services can bottom out with a slowdown in China, the world's number two economy and crucial driver of global trade and growth.

China on Tuesday unveiled data showing exports plunged more than 25% last month, the sharpest fall since May 2009 at the height of the financial crisis, while imports tumbled nearly 14%. – AFP, March 9, 2016.
- See more at: http://www.themalaysianoutsider.com/business/article/cathay-pacific-net-profit-soars-thanks-to-dive-in-oil-prices#sthash.T9NWP8WN.dpuf

Still standing strong even 'DISPOSED PRESSURE' by those GIANT. Good support, growing steadily heading RM2. Cheers

Connect NO DIVIDEND RECORD but RGB have

AA landing just temporary to DROP OFF passengers whose making noise and for those claiming they are making enough good money. Say Goodbye to them. Those who still on board we will be heading to next RM2

STEADY

USD 1=MYR4.07

bought at 1.69

（吉隆坡7日訊）美國聯邦儲備局可能最快4月加息，導致美元承壓下行，馬幣連續一週走升，兌美元貨幣匯率今日繼續上揚，創1月以來高點。

截至今早9時09分，馬幣兌美元漲至4.0790，報4.0790/0850，相對於上週五的4.1175/1225。

點看全文: http://biz.sinchew.com.my/node/132572#ixzz42Bplz400
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

My personally very confident on AA heading to RM2 as there is EPF GIANT SUPPORTER AND INCREDIBLE QUARTERLY REPORT.

agreed with u 'stockmanmy'

DIVIDEND HISTORY:

Financial Year: 31/12/2014
Net Profit: -428,509 Dividend: 3.0cents

Financial Year: 31/12/2013
Net Profit: 245,357 Dividend: 4.0cents

Financial Year: 31/12/2015
Net Profit: 554,198 Dividend: To be announced

AA will announce soon dividend on APRIL as per TRACK RECORD

http://www.thestar.com.my/business/business-news/2016/03/07/government-keen-on-developing-sarawak/

EPF Collecting

http://www.thestar.com.my/business/business-news/2016/03/07/government-keen-on-developing-sarawak/

THE upcoming Sarawak state election will be interesting to watch as it is the first after the changing of guard. This will be the first state election for chief minister Tan Sri Adenan Satem who took helm in 2014 from his predecessor Tun Abdul Taib Mahmud who was in rein for 33 years.

Even before the election year, the state government has thrown in sweeteners to build or enhance infrastructure in the rural and sub-urban areas. Adenan said that about RM6bil or three quarter of the annual budget will be used for the state’s development, out of which, RM2.65bil was set aside for rural development and that is 13% higher year-on-year.

As a big chunk of the money will go to physical development, construction players and building material suppliers usually appear as the direct beneficiaries.

Other sectors like plantation may not benefit directly from the state election because their earnings are more sensitive towards the price movement of CPO and timber.

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Meanwhile, prospects for oil and gas players are highly correlated to crude oil prices. This time, the number of state assembly seats has also been increased from 71 to 82. The Government has also increasingly placed more importance in the agenda of developing Sarawak.

It is evidently so when the Government announced a RM27bil allocation for the construction of the 1,663km Pan Borneo Highway during Budget 2015. And much authority to execute the project was entrusted to the state government.

Slated to be the transportation backbone of Sarawak and Sabah, the mega project is expected to generate high catalytic impact on economic growth of both states. While the idea of connecting the two states through a highway dated way back in the 1960s, the appointment of Lebuhraya Borneo Utara Sdn Bhd as the project delivery partner (for upgrading and widening of roads that stretch across 1,089km in Sarawak) has gotten the ball rolling with 10 more packages with road length of 60km to 90km up for tender in several phases this year.

The requirement of a 70% Sarawakian partner for the construction of the Pan Borneo Highway is expected to benefit local players such as Cahya Mata Sarawak Bhd (CMS), Hock Seng Lee Bhd (HSL), KKB Engineering Bhd (KKB), Sarawak Cable Bhd (SCB) and Naim Holdings Bhd.

The first two packages under the Sematan-Miri stretch are expected to be awarded soon. After which, more jobs will be awarded in June, September and November. Some of the pre-qualified contractors and consortia include CMS, Gamuda Bhd, IJM Corp Bhd, Sunway Construction Group Bhd, Naim, HSL and Zecon Bhd.

CMS, SCB and Naim could benefit from supplying building materials for the construction of the highway. On top of that, CMS and Naim are also deemed as potential beneficiaries for the construction of the infrastructure alongside HSL and KKB due to their respective expertise and track record in other projects in the state.

Conglomerate CMS is the biggest listed company in Sarawak with a market cap of RM5.3bil and is involved in the manufacturing of cement, construction and road maintenance as well as property development.

HSL, which has built 700km of roads in Sarawak, was shortlisted for the package three worth over RM1bil which spans 73km from Serian to Simunjan. Should HSL clinch the job, the potential contribution to its pre-tax earnings is estimated at RM100mil if margins are intact. On this score, it is notable that possible additional soil reinforcement work and changes in technical specifications that arise from the peat soil in Sarawak might lead to margin erosion and even cost overruns.

Steel fabricator KKB would have an edge in installing guardrails and building bridge structures as there would be intricate parts of the highway that will span over areas with rivers and ridges.

The steel fabricator’s capabilities are in inter-urban road infrastructure and downstream oil and gas. In the past five years, KKB was able to record an average pre-tax profit margin of 23%.

Meanwhile, Naim has partnered an established Peninsular Malaysia-based construction firm to bid for a slice of the project. The firm owns two quarries and three premix plants and also plans to bid for the supply of road construction materials. As the election in Sarawak heats up, listed companies based there should see some price movements too.

Based on historical numbers, pre-election jittery can lead to profit-taking activities as investors wait out the uncertainties of any possible political change. Pursuant to the 2011 election, we can also see that share prices of the companies dipped after the ruling party lost eight seats to the opposition. However, we opine that the influence of incumbent parties like Parti Pesaka Bumiputera Bersatu remains strong especially in the rural areas.

NOW USB1=MYR4.06

1. This counter share price already achieved historical low price. It is not logic for a counter with share price keep on dropping which provide finance facilities business as a ground and it is GUARANTEE profitable business.

2. A successful tycoon out of sudden acquired huge share there must be hidden potential for this counter that we cant see in the short period of month one or two. So should we wish to get very good return and successful in share market.We should follow the people who was already success.

REMEMBER THE NEW CEO FOR PETRONAS IN THE BEGINNING OF 2015? ALL OIL AND GAS COUNTER SHARE PRICE RISED TO WELCOMING NEW CEO OF PETRONAS. THEREFORE , I STRONGLY BELIEVE ALL COUNTER RELATED TO FINANCE MUST BE RISEN TOO FOR NEW BNM GAVERNOR. AS THIS MBSB COUNTER SHARE PRICE WAS REASONABLE LOW AND EASIEST TO PUSH UP

BNM: Maximum 35-year mortgage more than enough
By Chen Shaua Fui / The Edge Financial Daily | March 4, 2016 : 8:57 AM MYT
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This article first appeared in The Edge Financial Daily, on March 4, 2016.



KUALA LUMPUR: Bank Negara Malaysia (BNM) said a maximum loan tenure of 35 years is “more than sufficient” for borrowers to settle their housing loan by their retirement age.

mortage_chart_FD_040316_theedgemarkets

It said increasing the loan tenure will further add to the cost of financing without significant improvements in the affordability of the borrowers’ monthly instalments.

In July 2013, the central bank capped the maximum loan tenure at 35 years for the purchase of residential and non-residential properties as part of its responsible financing measures.

In a statement yesterday, BNM said for a new borrower who takes a loan of RM42,000 for 35 years at 4.65% per year and can get 90% margin of financing, the equated monthly instalment (EMI) will be RM182.42. If the loan tenure is extended to 40 years, the EMI would be RM173.60. This means an additional cost of RM8.82 per month.

The total cost of financing for 35 years, meanwhile, stands at RM76,616.40. Choosing a longer tenure loan of 40 years will result in an additional cost of RM6,711.60 to a total cost of financing of RM83,328.

Recognising that the overall economic slowdown may impact housing affordability, BNM said it has been engaging the various state authorities in the issue of financing for affordable homes. The government is forecasting the Malaysian economy to grow between 4% and 4.5% this year, down from an earlier forecast of between 4% and 5%.

“The central bank, together with the state governments and the banking industry, is working to align the criteria used in approving house financing and improving the affordability of the applicants,” BNM said.

The central bank also said it is important for borrowers to disclose accurate material information about their financial position, including their credit history, when applying for house financing to ensure objective assessment by financial institutions.

“The assessment by banks on borrowers is partly to assist [the latter] in ensuring that they have the capacity to service the loan throughout its tenure. The assessment takes into account the applicant’s income after statutory deductions, expenditure on necessities and all debt obligations from banks and non-bank lenders.

“This is to ensure that borrowers can continue to service their obligations, have sufficient fi

Still among BEST COUNTER for below 0.30 with promised dividend

投資者抗拒附加股‧私下配售成新寵
Sinchew Thu, Mar 03, 2016


（吉隆坡2日訊）市場專家認為，由於傳統附加股計劃普遍受到投資者抗拒，特別是影響機構投資者及基金經理的資產分配，促使上市公司轉向私下配售新股籌措資金。

籌資較快

英特太平洋證券研究主管馮廷秀受詢時指出，私下配售新股給較少投資者，實為上市公司較快籌措資金的管道。

他表示，通常涉及私下配售新股的投資者，主要是大資本銀行、保險公司及信托及退休基金。

他指出，若是通過發行債券籌措資金，這將提高公司的風險程度。反觀私下配售則像發行“免費證券”，而投資者則要付款購買附加股，至於債券日後還是要加以償還。

私下配售新股也不會為現有股東帶來負擔，因它們是在固定數目及價格獻售給一些新的投資者。

他指出，私下配售新股不會開放給現有股東，如是按照比例獻售給現有股東的話，這就變成為附加股了。

私下配售新股計劃的其中缺陷，即是公司要籌措的資金有限，因為它涉及獻售的股票，往往不能超過現有股權的10%。

馬股趨向穩健

他表示，過去3年裡，馬股小資本股項掀起牛市，股價大幅度走高至雙倍、3倍或其至4倍，能夠迅速地籌集龐大的資金。

MIDF投行研究主管蘇基菲韓沙則表示，這股新私下配售新股風潮，顯示馬股趨向穩健。

特別是公司有能力全面配售它們的股票，證明本地股市健全的良好指標。

他指出，雖然全球股市動盪不靖，惟私下配售新股的良好接受率，反映投資者看到所收購股票的價值。

最近進行私下配售新股的公司，包括CAB機構（CAB，7174，主板消費品組）、星辰建築（FAJAR，7047，主板建築組）、長青櫼維板（EVERGRN，5101，主板工業產品組）、砂拉越電纜（SCABLE，5170，主板工業產品組）以及怡嘉控股（ECOFIRS，3557，主板產業組）等。

產業股－怡嘉控股建議私下配售最高1億零708萬股新股，以籌措2千250萬令吉資金，主要充當收購土地及擴展業務用途。（星洲日報／財經）

Accumulate more, standby goreng for new garvenor announcement

KUCHING (March 3): Sarawak targets to build 9,185 units of quality affordable homes under eight development projects by 2019.

Its Housing Minister Datuk Amar Abang Johari Tun Openg said his ministry was cooperating with the state Housing Development Commission, Perbadanan PR1MA Malaysia (PR1MA) and local developers to build them.

Speaking at a news conference at his office here today, he said the projects were in Siol Kandis (Vista Tunku with 1,877 units), Matang (Matang 1 - 912 units and Matang 2 - 448 units), and in Semenggoh (1,260 units).

He said the other two projects here would be in Petrajaya 2 (616 units) and Bintawa (1,320 units).

"The rest will be in Sibu (1,096 units) and Sungai Plan in Bintulu (1,656 units).

"They will be sold from RM100,000 to RM300,000 per unit, depending on the type but are generally 20% lower than the market prices."

Abang Johari said there was a need to build more homes as an increasing number of people were now more keen to live in the towns and cities.

"By 2025, it is envisaged that at least 60% of the state's population will be urban and 40% rural dwellers," he said.

Abang Johari noted that Prime Minister Datuk Seri Najib Tun Razak, accompanied by Chief Minister Tan Sri Adenan Satem, was expected to officiate a PR1MA housing roadshow on March 12 at the Old State Legislative Assembly Building, here.

"The roadshow will actually begin a day earlier on Friday and will be held until Sunday, 10am to 7pm," he said.

PR1MA chief executive oficer Datuk Abdul Mutalib Alias, who was present at the news conference, said it would work closely with the state government, other relevant authorities and local developers in identifying ideal sites for more PR1MA homes.

"We have so far planned to build a total of 233,380 units nationwide and of these, 75,859 units are already in the various stages of construction," he said.

Middle-income residents in the state are urged to register via the official website at www.pr1ma.my for the opportunity to own a house.

（吉隆坡3日讯）连续4年亏损，并成功在截至12月杪2012财政年转亏为盈的RGB国际（RGB International Bhd），将在3月中动用内部筹集资金，提前赎回1735万令吉的商业票据。

截至2015年12月31日，未偿还的商业票据和中期票据分别是1670万令吉（年利息7%）和1000万令吉（年利息5%）。

总营运长林道文今日在分析员汇报会上说，本月中提前赎回所有的商业票据，有助于集团节省64万令吉的利息。

自2012财年转亏为盈，取得604万令吉净利，RGB一直处于盈利。尽管净利在2013财年下滑1.2%至597万令吉，但2014财年增长逾两倍至1816万令吉。

截至去年12月杪末季，净利从299万令吉，扬42.3%至426万令吉，因营业额增15.1%至6473万令吉，同期为5625万令吉。

因此，2015财年的净利达2086万令吉，较2014财年的1853万令吉增12.6%；营业额从2亿1465万令吉，增8.6%至2亿3301万令吉，主要因为产品组合更好，以及外汇的利好影响。

林道文今日说，RGB销售与营销（SSM）业务在2015年的税前盈利增长15%，因产品组合更好与盈利赚幅增加，以及外汇的利好影响。

至于技术支援与管理（TSM）业务，税前盈利增34%，归功于所有地区的表现更好、新店的营业额贡献，以及外汇的利好影响。

该集团的目标是在2016财年售出1300台赌博机，相比2015财年的1230台。

重点将放在置换市场，尤其是菲律宾，当地的博彩市场竞争非常高。在2015财年，80%的赌博机是置换机，而余下是新机。

林道文说：“在竞争的市场中，经营者往往更频繁地更换赌博机。”

该集团的SSM业务已获得寮国和印度果阿邦的独家经销，作为当地领先的博彩方案供应商，这是RGB的新市场。

该业务也将在今年4月在越南和新加坡的当地俱乐部推出新产品。新的桌面博彩产品也将在今年第二季推出。

“正取得尼泊尔的额外经营权，以及我们将在果阿邦和越南探讨更多TSM机会。

ACCUMULATING WHILE WAITING FOR NEW GAVERNOR ANNOUNCEMENT

SPOTLIGHT MOVING TO MBSB

GOOD NEWS GORENG COMING

KUALA LUMPUR (March 3): RGB International Bhd, which managed to turn its business around in the financial year ended Dec 31, 2012 (FY12) after four consecutive losing years, is now set for early redemption of its RM17.35 million commercial paper (CP) by mid-March, using internally generated funds.

As at Dec 31, 2015, its outstanding CP and medium-term note (MTN) is RM16.7 million (with a 7% interest per annum) and RM10 million (with a 5% interest per annum) respectively.

In an analyst briefing today, its chief operating officer Datuk Steven Lim said the redemption of the entire CP by the middle of this month will help the group save RM640,000 in interest.

Since returning to profit in FY12 with a net profit of RM6.04 million, RGB had consistently been in the black. Though earnings slipped 1.2% to RM5.97 million in FY13, they more than tripled to RM18.16 million in FY14.

In its latest fourth quarter ended Dec 31, 2015 (4QFY15), the group saw its earnings rise 42.3% to RM4.26 million from RM2.99 million a year ago, as revenue improved 15.1% to RM64.73 million from RM56.25 million.

As such, its FY15 net profit improved 12.6% to RM20.86 million from RM18.53 million in FY14, while revenue rose 8.6% to RM233.01 million from RM214.65 million previously, mainly due to a better mix of products sold and favourable impact from foreign exchange rate.

Today, Lim said RGB's sales and marketing (SSM) division's 15% profit before tax (PBT) growth for 2015 is due to sales of a better product mix with better profit margin, and favourable impact from foreign exchange rates.

As for its technical support and management (TSM) division, the 34% PBT growth was attributed to better TSM performances across all regions, additional revenue contribution from new outlets and the favourable impact from foreign exchange rates.

The group is aiming to sell 1,300 units in FY16, in comparison to the 1,230 gaming machines sold in FY15.

Focus will be on the replacement market, especially in countries like the Philippines, where the gaming market's competition is very high. In FY15, 80% of the 1,230 gaming machines sold were replacement machines while the remaining were new machines.

"In competitive markets, the operators tend to change machines more frequently," Lim said of the prospect on replacement machines.

The group's SSM has been awarded exclusive aristocrat distributorship in Laos and Goa as the leading provider of gaming solutions there, which are new markets to RGB.

The division will also be launching new products to local clubs in Vietnam and Singapore in April this year. New table game products will also be introduced in the second quarter of 2016.

"Additional concessions in Nepal are in the pipeline and we will explore more TSM opportunities in Goa and Vietnam," said Lim.

But need cooling down period

Will be burst counter for today

Stable and growing counter

BELOW RM2 IT IS EXTREMELY CHEAP!!!