KUALA LUMPUR (July 25): Ajiya Bhd’s net profit for the second quarter ended May 31, 2017 (2QFY17) surged nearly five times to RM1.62 million from RM325,000 a year ago, on higher foreign currency translation gain.

Its quarterly revenue, however, fell 11% to RM90.48 million from RM101.15 million a year ago, mainly due to weak market conditions and stiff competition in the construction sector which affected the demand for the group’s products, said Ajiya in a filing with Bursa Malaysia today.

Ajiya registered a higher foreign currency translation gain of RM1.91 million compared with RM486,000 in the same quarter last year.

For the cumulative six months of FY17, its net profit rose three times to RM10.66 million from RM3.42 million a year ago, though revenue slid 5% to RM184.32 million from RM194.79.

Going forward, the group said it is is strongly poised to leverage the government's efforts to provide affordable housing to the low and middle-income group, based on its long-term strategy to be a total solutions provider through its building solution, Ajiya Green Integrated Building Solutions (AGIBS).

“Our traditional business of providing building materials such as our metal and glass products will put us in good stead as part of being a total solutions provider. In the same vein, our traditional business will merge well with our new business venture,” said Ajiya.

“The signing of the Memorandum of Understanding (MoU between Ajiya and Syarikat Perumahan Negara Bhd (SPNB) is a step in the right direction,” Ajiya added.

It inked the MOU with SPNB on July 14 to implement AGIBS in the development of housing projects under SPNB.

Shares in Ajiya closed unchanged at 82.5 sen today for a market capitalisation of RM251.28 million.

Price drop before qr out

http://klse.i3investor.com/m/blog/kianweiaritcles/126148.jsp

”讲股之～原油价格下跌，PetronM和HengYuan完蛋？！”

Good sharing for those understand mandarin..

It might drop further without any catalyst.
No bad news means good news to me

market sentiment bad and all panic selling
I'll ride with the wave...

Director dispose at 0.14 and wife acquired at 0.135 on the same day....

http://www.thestar.com.my/business/business-news/2017/05/15/petron-expanding-oil-refineries-in-malaysia-philippines/

KUALA LUMPUR: Philippines's Petron Corp. is expanding its oil refineries in Malaysia and the Philippines to increase efficiency levels and production, a news report said.

“Expansion of oil refinery in Malaysia is a big investment… The refinery will be expanded to produce petrochemicals and aromatics from 80,000 to 150,000 barrels a day,” Petron president and chief operating officer Ramon Ang was quoted saying by the Manila Standard.

Recall that Petron acquired Esso Malaysia’s Port Dickson refinery and fuel retail network in Malaysia in 2011.

“Here [in the Philippines], we will also expand from 180,000 [barrels per day] to 270,000 [barrels per day],” Ang said.

Petron owns an oil refinery in Bataan province with a capacity of 180,000 barrels a day.

The company started full commercial operations of the US$2-billion upgraded refinery in 2016, enabling the company to produce more high-margin fuels and petrochemicals.

Dividend

KUALA LUMPUR (May 5): Uzma Bhd has proposed to place new shares to third party investors to be identified later to raise up to RM50.62 million mainly for capital expenditure and future developments and/or investments.

The remaining proceeds will be used for bank borrowings repayment (29.63%), working capital (9.63%) and estimated expenses relating to the proposed private placement (1.48%), said in a bourse filling today.

The private placement will involve up to 29.09 million new shares or 10% of its total number of issued shares, at an issue price to be determined and announced later, said Uzma.

As at April 21, Uzma has a share capital of RM145.47 million comprising 290.94 million shares.

Uzma said the issue price of each tranche of the placement shares shall be based on the volume weighted average market price (VWAMP) of Uzma Shares for the five market days immediately prior to the Price-Fixing Date, with a discount of not more than 10%.

For illustrative purposes, the five-day VWAMP of Uzma Shares up to and including May 4, 2017 is RM1.8329 per share, said Uzma.

“The illustrative issue price of RM1.74 per placement Share represents a discount of not more than 10% to the five-day VWAMP of Uzma Shares,” said Uzma.

Subject to the relevant approvals being obtained and barring any unforeseen circumstances, the company expects the proposed private placement to be completed by the third quarter of 2017.

Shares in Uzma closed up four sen or 2.27% to RM1.80 for a market capitalisation of RM523.68 million.

No one wants to subscribe for iculs.

Cancellation of esos does it mean director foresee it won't break 0.12? Eng... A Point need to ponder....

Spm53, mind to share what so special about Cheung?

Just declare their first interim dividend.

Another round of esos... Dilute eps.

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=5197

Eason10, share buy back passed by the shareholders

Outcome of Meeting
The Board of Directors of Focus Lumber Berhad ("the Company") wishes to announce that all the resolutions tabled at the Twenty-Fifth Annual General Meeting of the Company held on 21 May 2015 were duly passed by the shareholders.

http://www.theedgemarkets.com/my/article/focus-lumber-grossly-oversold-says-hlib-research

Ivotrade, your comment yest exactly right!

http://www.founder.com.my/index.php/media-room/media-releases/year-2015/

Thanks harryt30

Harryt30, what will be your tp for this counter?

Hope revenue up and share price will up too. This counter is testing everybody's patience

Puc expects FIT will start to contribute additional 1mil revenue in their quarter 4 financial report.

http://www.nanyang.com/node/693095?tid=462