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Justinvestor | Joined since 2016-04-15

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Stock

2016-08-17 16:37 | Report Abuse

Buy Vivo if you intend to invest mid/long term and be rewarded with bonus ( 1 for every 4 ). Share price will continue to rise with many good news pending announcement.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM2.2 bil.
- 4 Aug 2016 Announcement of a new project value RM760m.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Stock

2016-08-17 16:34 | Report Abuse

Doitanyway, Tomato915 is trying to be sacarstic. 32mil profit is magnificent.

Stock

2016-08-17 16:31 | Report Abuse

Get lost Auntie @dis. Nobody trust you. Nobody want to listen to your rubbish anymore. hahahaha

Stock

2016-08-15 10:31 | Report Abuse

Q2 profit estimated above RM22mil. Above expectation again as forecast was RM15mil. To be announced in Aug 2016

Stock

2016-08-15 10:26 | Report Abuse

Uptrend will continue. Buy cheap but don't sell cheap. Believe BUY, if not BYE BYE.

Stock

2016-08-14 17:44 | Report Abuse

martinbartesque: Last bonus issue in 2015, did warrant has bonus issue?

The answer is Yes. Warrants also entitled to bonus.

Stock

2016-08-14 17:18 | Report Abuse

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM2.2bil.
- Total project pipeline RM5.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...

Stock

2016-07-25 16:26 | Report Abuse

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

They just like many other social media users urged the public to share the image and the hashtag in order to show support for the Prime Minister.

On Twitter, one @romyirwanshah wrote: "#bestrongPM, one day Malaysians will know who you are. We support you."

His message was echoed by @asyrafmiswan who said, "Najib is innocent, #bestrongPM."

On Thursday, Najib urged all parties not to jump to conclusions on the ongoing action by the US Justice Department to seize over US$1bil (RM4.02bil) in assets allegedly linked to 1MDB.

The Prime Minister said the Government would extend its full cooperation to all international investigative bodies relating to the matter.

Stock

2016-07-25 16:25 | Report Abuse

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

Stock

2016-07-25 16:24 | Report Abuse

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

Stock

2016-07-25 16:24 | Report Abuse

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

Stock

2016-07-25 16:23 | Report Abuse

Jul 22, 2016 12:20 PM | Report Abuse

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

Stock

2016-07-25 16:06 | Report Abuse

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

Stock

2016-07-25 16:05 | Report Abuse

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

Stock

2016-07-25 15:57 | Report Abuse

KUALA LUMPUR: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak says 1Malaysia Development Berhad (1MDB) has been the subject of unprecedented politically-motivated attacks with the objective to unseat a democratically-elected head of government.

He said so many of the allegations, like the remark by former Prime Minister Tun Dr Mahathir Mohamad that RM42bil had gone missing, were later proven to be false, in this case by the bi-partisan Public Accounts Committee.

"This means that any claims relating to 1MDB must be treated with caution, follow due legal process and adhere to the principle of 'innocent until proven guilty'.

"No one should rush to judgment before allegations are proven in court," he said in response to the United States Justice Department action with regard to 1MDB, the Government-investment fund.

Salleh said the donation to the Prime Minister was a separate matter.

"After comprehensive investigations by many authorities, it has been confirmed that the funds were a donation from the Royal Family of Saudi Arabia as stated by the Foreign Minister of Saudi Arabia on 14th April," he said. – Bernama

Stock

2016-07-25 15:55 | Report Abuse

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

Stock

2016-07-25 15:54 | Report Abuse

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

Stock

2016-07-25 15:54 | Report Abuse

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

They just like many other social media users urged the public to share the image and the hashtag in order to show support for the Prime Minister.

On Twitter, one @romyirwanshah wrote: "#bestrongPM, one day Malaysians will know who you are. We support you."

His message was echoed by @asyrafmiswan who said, "Najib is innocent, #bestrongPM."

On Thursday, Najib urged all parties not to jump to conclusions on the ongoing action by the US Justice Department to seize over US$1bil (RM4.02bil) in assets allegedly linked to 1MDB.

The Prime Minister said the Government would extend its full cooperation to all international investigative bodies relating to the matter.

Stock

2016-07-25 15:52 | Report Abuse

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

Stock

2016-07-25 15:51 | Report Abuse

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

Stock

2016-07-25 15:51 | Report Abuse

Stock: [VIVOCOM]: INSTACOM GROUP BERHAD

Jul 22, 2016 12:20 PM | Report Abuse

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

Stock

2016-07-25 15:49 | Report Abuse

PETALING JAYA: The press secretary of Prime Minister Datuk Seri Najib Tun Razak and 1Malaysia Development Bhd (1MDB) have issued statements regarding the ongoing suit by the United States' Justice Department to seize over US$1bil (RM4.03bil) in assets allegedly linked to the Government-investment fund.

Here are their statements in full:


U.S. Department of Justice civil lawsuits

Prime Minister's press secretary statement

Malaysian authorities have led the way in investigations into 1MDB. The company has been the subject of multiple investigations within Malaysia, including by the Malaysian Anti-Corruption Commission, Auditor General and bi-partisan Public Accounts Committee. After comprehensive review, the Attorney General found that that no crime was committed. 1MDB is still the subject of an investigation by the Royal Malaysia Police.

We note the United States Department of Justice's civil lawsuits brought against various assets. As previously stated, the Malaysian Government will fully cooperate with any lawful investigation of Malaysian companies or citizens in accordance with international protocols.

As the Prime Minister has always maintained, if any wrongdoing is proven, the law will be enforced without exception.

Datuk Seri Tengku Sharifuddin

Press Secretary to the Prime Minister

Stock

2016-07-21 10:58 | Report Abuse

PETALING JAYA: The press secretary of Prime Minister Datuk Seri Najib Tun Razak and 1Malaysia Development Bhd (1MDB) have issued statements regarding the ongoing suit by the United States' Justice Department to seize over US$1bil (RM4.03bil) in assets allegedly linked to the Government-investment fund.

Here are their statements in full:


U.S. Department of Justice civil lawsuits

Prime Minister's press secretary statement

Malaysian authorities have led the way in investigations into 1MDB. The company has been the subject of multiple investigations within Malaysia, including by the Malaysian Anti-Corruption Commission, Auditor General and bi-partisan Public Accounts Committee. After comprehensive review, the Attorney General found that that no crime was committed. 1MDB is still the subject of an investigation by the Royal Malaysia Police.

We note the United States Department of Justice's civil lawsuits brought against various assets. As previously stated, the Malaysian Government will fully cooperate with any lawful investigation of Malaysian companies or citizens in accordance with international protocols.

As the Prime Minister has always maintained, if any wrongdoing is proven, the law will be enforced without exception.

Datuk Seri Tengku Sharifuddin

Press Secretary to the Prime Minister


Media statement by 1Malaysia Development Berhad

Issued on 21 July 2016

For immediate publication

US Attorney General Press Conference

1MDB notes a press conference led by the US Attorney General today relating to a civil court action filed by the government of the United States of America.

1MDB highlights that it is not a party to the civil suit, does not have any assets in the United States of America, nor has it benefited from the various transactions described in the civil suit.

Furthermore, 1MDB has not been contacted by the US Department of Justice or any other foreign agency in relation to their investigations.

As previously stated, 1MDB will fully cooperate with any foreign lawful authority, subject to international protocols governing such matters and the advice of the relevant domestic lawful authorities.

Stock

2016-07-21 10:56 | Report Abuse

KUALA LUMPUR: Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak says 1Malaysia Development Berhad (1MDB) has been the subject of unprecedented politically-motivated attacks with the objective to unseat a democratically-elected head of government.

He said so many of the allegations, like the remark by former Prime Minister Tun Dr Mahathir Mohamad that RM42bil had gone missing, were later proven to be false, in this case by the bi-partisan Public Accounts Committee.

"This means that any claims relating to 1MDB must be treated with caution, follow due legal process and adhere to the principle of 'innocent until proven guilty'.

"No one should rush to judgment before allegations are proven in court," he said in response to the United States Justice Department action with regard to 1MDB, the Government-investment fund.

Salleh said the donation to the Prime Minister was a separate matter.

"After comprehensive investigations by many authorities, it has been confirmed that the funds were a donation from the Royal Family of Saudi Arabia as stated by the Foreign Minister of Saudi Arabia on 14th April," he said. – Bernama

Stock

2016-07-21 10:53 | Report Abuse

The stray dog still barking? hahhahaha

Stock

2016-07-21 10:49 | Report Abuse

VIVOCOM SUMMARY - Latest Update

- Declared Bonus issue 1:4 on 12 July to reward shareholders.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.

These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil.............then they already meet the target of 3 bil.............lasting up to 2018.

Stock

2016-07-21 10:42 | Report Abuse

Each price retreat is an opportunity to buy. Q2 result which is better than expected will be coming out soon.

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2016-07-21 10:40 | Report Abuse

Thanks Richard for the above information from DATUK SERI TENGKU SARIFUDDIN
PRESS SECRETARY TO THE PRIME MINISTER

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2016-07-20 17:17 | Report Abuse

Darth, ride with the tide is ok. Never ride on the doggy Disagree. We would have sold at 22 sen. LOL.

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2016-07-20 16:31 | Report Abuse

Another new ID Professor.

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2016-07-20 15:58 | Report Abuse

price4. Yes will drop back to 20. Quickly sell now,

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2016-07-20 15:50 | Report Abuse

Disagree has lost so badly. Now creating new ID to use degrading language. Wasting his time writing nonsense. Let him be. Just ignore that dog.

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2016-07-20 10:01 | Report Abuse

Thank you for acknowledging our victory. We already make 2 rounds and many more to come. Please stay tuned.

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2016-07-20 09:52 | Report Abuse

Pump and dump? lol. Today is rest day. Never listen to Disagree. He is a conman. He will eventually disappear from here.

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2016-07-16 20:06 | Report Abuse

VIVOCOM SUMMARY - Latest Update

- Declared Bonus issue 1:4 on 12 July to reward shareholders.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.

These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil.............then they already meet the target of 3 bil.............lasting up to 2018.

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2016-07-15 16:47 | Report Abuse

Disagree is a paid dog of Yeoh. His job is to talk rubbish, spread rumours and to create fear so as to bring down the share price.He just have to talk down the price at no cost. He has no interest at all. So who will lose if the share price comes down? The genuine shareholders and investors.

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2016-07-15 16:46 | Report Abuse

Disagree is a paid dog of Yeoh. His job is to talk rubbish, spread rumours and to create fear so as to bring down the share price.He just have to talk down the price at no cost. He has no interest at all. So who will lose if the share price comes down? The genuine shareholders and investors.

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2016-07-15 16:38 | Report Abuse

Latest updates:

Dr Yeoh have decided to remain in Vivocom. He will take up another position which is less stressful because od his health reason. It is understood that Dr Yeoh will take up this new position as Vivocom Business Relationship Director. Mr Choo who has been promoting Vivocom and working very closely with Dr Yeoh will become the new CEO of Vivocom. Let us wait for more news follow up.

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2016-07-15 16:37 | Report Abuse

Latest updates:

Dr Yeoh have decided to remain in Vivocom. He will take up another position which is less stressful because od his health reason. It is understood that Dr Yeoh will take up this new position as Vivocom Business Relationship Director. Mr Choo who has been promoting Vivocom and working very closely with Dr Yeoh will become the new CEO of Vivocom. Let us wait for more news follow up.

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2016-07-15 16:37 | Report Abuse

Disagree is a paid dog of Yeoh. His job is to talk rubbish, spread rumours and to create fear so as to bring down the share price.He just have to talk down the price at no cost. He has no interest at all. So who will lose if the share price comes down? The genuine shareholders and investors.

Stock

2016-07-15 16:37 | Report Abuse

Disagree is a paid dog of Yeoh. His job is to talk rubbish, spread rumours and to create fear so as to bring down the share price.He just have to talk down the price at no cost. He has no interest at all. So who will lose if the share price comes down? The genuine shareholders and investors.

Stock

2016-07-15 16:37 | Report Abuse

Latest updates:

Dr Yeoh have decided to remain in Vivocom. He will take up another position which is less stressful because od his health reason. It is understood that Dr Yeoh will take up this new position as Vivocom Business Relationship Director. Mr Choo who has been promoting Vivocom and working very closely with Dr Yeoh will become the new CEO of Vivocom. Let us wait for more news follow up.

Stock

2016-07-15 16:37 | Report Abuse

Latest updates:

Dr Yeoh have decided to remain in Vivocom. He will take up another position which is less stressful because od his health reason. It is understood that Dr Yeoh will take up this new position as Vivocom Business Relationship Director. Mr Choo who has been promoting Vivocom and working very closely with Dr Yeoh will become the new CEO of Vivocom. Let us wait for more news follow up.

Stock

2016-07-15 16:36 | Report Abuse

Disagree is a paid dog of Yeoh. His job is to talk rubbish, spread rumours and to create fear so as to bring down the share price.He just have to talk down the price at no cost. He has no interest at all. So who will lose if the share price comes down? The genuine shareholders and investors.

Stock

2016-07-15 16:36 | Report Abuse

Disagree is a paid dog of Yeoh. His job is to talk rubbish, spread rumours and to create fear so as to bring down the share price.He just have to talk down the price at no cost. He has no interest at all. So who will lose if the share price comes down? The genuine shareholders and investors.

Stock

2016-07-15 16:36 | Report Abuse

Dr Yeoh have decided to remain in Vivocom. He will take up another position which is less stressful because od his health reason. It is understood that Dr Yeoh will take up this new position as Vivocom Business Relationship Director. Mr Choo who has been promoting Vivocom and working very closely with Dr Yeoh will become the new CEO of Vivocom. Let us wait for more news follow up.

Stock

2016-07-15 16:36 | Report Abuse

Dr Yeoh have decided to remain in Vivocom. He will take up another position which is less stressful because od his health reason. It is understood that Dr Yeoh will take up this new position as Vivocom Business Relationship Director. Mr Choo who has been promoting Vivocom and working very closely with Dr Yeoh will become the new CEO of Vivocom. Let us wait for more news follow up.