Very High gearing company

Rebound at EMA20

High 5 - u wait n see. Directors goreng2 sendiri

Like Rojak ancom company Berhad is an investment holding company, which provides management services to its subsidiaries. The Company's segments include Investment holding, Agricultural and industrial chemicals, Logistics, Information technology (IT), Media, Polymer and Others. The Investment holding segment is engaged in investment holding. The Agricultural and industrial chemicals segment is engaged in the manufacture, trading and sale of agricultural and industrial chemical products. The Logistics segment is engaged in ship-owning, ship-operating, transportation, container haulage, bulk cargo handling, chemicals warehousing and related services. The IT segment is engaged in the provision of IT services, and sales of computer hardware and software. The Media segment provides out-of-home advertising media services. The Polymer segment is engaged in manufacturing and marketing of polymer products. The Others segment includes trading, contracting and marketing in electrical engineering products.

Like Rojak company hahahahahaha
Ancom Berhad is an investment holding company, which provides management services to its subsidiaries. The Company's segments include Investment holding, Agricultural and industrial chemicals, Logistics, Information technology (IT), Media, Polymer and Others. The Investment holding segment is engaged in investment holding. The Agricultural and industrial chemicals segment is engaged in the manufacture, trading and sale of agricultural and industrial chemical products. The Logistics segment is engaged in ship-owning, ship-operating, transportation, container haulage, bulk cargo handling, chemicals warehousing and related services. The IT segment is engaged in the provision of IT services, and sales of computer hardware and software. The Media segment provides out-of-home advertising media services. The Polymer segment is engaged in manufacturing and marketing of polymer products. The Others segment includes trading, contracting and marketing in

Myeg already completed the acquisition of 10%


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066647

Myeg already completed the acquisition of 10%


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066647

Myeg already completed the acquisition of 10%


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066647

Myeg already completed the acquisition of 10%


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066647

Myeg already completed the acquisition of 10%


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066647

Myeg already completed the acquisition of 10%


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066647

OMG Ancom Bhd a small vendor to bid. . This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company

OMG Ancom Bhd a small vendor to bid. . This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company

OMG Ancom Bhd a small vendor to bid. . This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company

OMG Ancom Bhd a small vendor to bid. . This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company

OMG Ancom Bhd a small vendor to bid niis project. This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company

OMG Ancom Bhd a small vendor to bid. . This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company

OMG Ancom Bhd a small vendor to bid. . This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company

Ahealth very stable n fundamental

chief executive officer Datuk Heng Huck Lee (pic below) says the electronic and semiconductor industry is recovering steadily from the pandemic.

“The prospects of a worsening US-China trade conflict has compelled our customers to increase their orders.

“Our smart sensors order book is filled, and the production line is operating at near maximum capacity till year-end.

“However, the group expects a flat year because Covid-19 badly impacted the first half of this year, ” says Heng.

On the local and global technology stocks, Heng says they have picked up because of their growth potential in the short and medium term.

“We should continue to see more foreign direct investments coming into Malaysia.

“We can see more local technology companies investing in expansion, product development and technology upgrade.

“When the US-China trade war compels multinational corporations to relocate out of China, Malaysia and other Asean countries will be the choice locations due to its mature supply chain, experienced workforce and good ready infrastructure.

“Many Malaysian technology companies will continue to benefit and perform better, ” he adds.

New investments

According to Heng, the group will remain cautious when it comes to making new investments.

“The group currently is in the advanced stage of finalising with a new partner to start up a new manufacturing operation for micro-electro-mechanical systems (MEMS) sensors in Malaysia.

“We are very quite cautious and selective in what we will invest, and the MEMS segment shows very good growth potential.

“Smart devices and equipment with human-machine interfaces are adopting MEMS sensors.

“These products are widely used in connected automobiles, smart wearable devices and smart homes.

“Medical and biotechnical are also new areas adopting MEMS technology, ” he says.

According to a ReportLinker research, the global MEMS devices market is projected to reach US$113.8bil by 2027.

“Amid the Covid-19 crisis, the global market for MEMS devices estimated at US$58.8bil in 2020, is projected to reach a revised size of US$113.8bil by 2027, growing at a compounded annual growth rate (CAGR) of 9.9% over the period 2020-2027.

“Sensors, one of the segments analysed in the report, is projected to grow at a 10.4% CAGR to reach US$73.4bil by the end of the analysis period, ” the report says.

Globetronics share price hit RM2.36 recently, up by 8% from June.

Up up

*Rubber Products (Overweight)*

ASP Uptrend Intact
Sector Update
Maintain OVERWEIGHT on sector, with Top Glove (TOPG MK, BUY, TP: MYR28.88) as our Top Pick. Global gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. For all five gloves stocks that we cover, we raise our earnings estimates and TP due to higher ASPs assumptions. Our Top Pick is Top Glove due to its superior market cap/liquidity and its ability to raise ASP more than peers.


*Top Glove (TOPG MK, BUY, TP: MYR28.88)*
ASP Uptrend Continues
Company Update
Keep BUY with higher DCF-derived MYR28.88 TP from MYR24.80, 20% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We raise our earnings estimates and TP due to higher ASPs. Our new TP reflects 33.5x FY21F P/E (+1.8SD to the 5-year mean). The premium is justified due to its status as the biggest gloves producer globally and its ability to raise ASP more than peers.


*Hartalega (HART MK, BUY, TP: MYR21.60)*
ASP Uptrend Intact
Company Update
Maintain BUY with higher DCF-derived MYR21.60 TP from MYR19.00, 21% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP reflects 44.9x CY21F P/E or +1.6SD above its 5-year mean valuation. The premium is justified due to its highest exposure (96%) to nitrile gloves which command better ASP.


*Supermax (SUCB MK, BUY, TP: MYR18.88)*
Steeper ASP Increase At Distribution Level
Company Update
Keep BUY with higher DCF-derived MYR18.88 TP from MYR13.88, 18% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. As Supermax has its own distribution channel in US, we expect its earnings to outperform peers. Our new TP reflects 27.5x FY21F P/E. This is at 23% discount against sector average due to its smaller market cap/ liquidity.


*Comfort Gloves (CG MK, BUY, TP: MYR4.80)*
A Rising ASP Lifts All Boats
Company Update
Upgrade to BUY with new TP of MYR4.80 from MYR3.18, 40% upside with c. 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP is based on CY21F P/E of 25x – 30% discount against peers average. This is to reflect its smaller market cap/liquidity to peers. BUY for its FY21 earnings growth of 128% supported by 10% ASP increase and 14% capacity
expansion.


*Kossan (KRI MK, BUY, TP: MYR15.50)*
Factoring In Higher ASP
Company Update
Keep BUY with DCF-derived TP of MYR15.50 from MYR13.00, 22% upside plus c.1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP implies a FY21F P/E of 31.3x or 13% discount against sector average forward P/E. This is justified due to its smaller market cap and lower liquidity.

Sources :RHB Research

chief executive officer Datuk Heng Huck Lee (pic below) says the electronic and semiconductor industry is recovering steadily from the pandemic.

“The prospects of a worsening US-China trade conflict has compelled our customers to increase their orders.

“Our smart sensors order book is filled, and the production line is operating at near maximum capacity till year-end.

“However, the group expects a flat year because Covid-19 badly impacted the first half of this year, ” says Heng.

On the local and global technology stocks, Heng says they have picked up because of their growth potential in the short and medium term.

“We should continue to see more foreign direct investments coming into Malaysia.

“We can see more local technology companies investing in expansion, product development and technology upgrade.

“When the US-China trade war compels multinational corporations to relocate out of China, Malaysia and other Asean countries will be the choice locations due to its mature supply chain, experienced workforce and good ready infrastructure.

“Many Malaysian technology companies will continue to benefit and perform better, ” he adds.

New investments

According to Heng, the group will remain cautious when it comes to making new investments.

“The group currently is in the advanced stage of finalising with a new partner to start up a new manufacturing operation for micro-electro-mechanical systems (MEMS) sensors in Malaysia.

“We are very quite cautious and selective in what we will invest, and the MEMS segment shows very good growth potential.

“Smart devices and equipment with human-machine interfaces are adopting MEMS sensors.

“These products are widely used in connected automobiles, smart wearable devices and smart homes.

“Medical and biotechnical are also new areas adopting MEMS technology, ” he says.

According to a ReportLinker research, the global MEMS devices market is projected to reach US$113.8bil by 2027.

“Amid the Covid-19 crisis, the global market for MEMS devices estimated at US$58.8bil in 2020, is projected to reach a revised size of US$113.8bil by 2027, growing at a compounded annual growth rate (CAGR) of 9.9% over the period 2020-2027.

“Sensors, one of the segments analysed in the report, is projected to grow at a 10.4% CAGR to reach US$73.4bil by the end of the analysis period, ” the report says.

Globetronics share price hit RM2.36 recently, up by 8% from June.

Wow

Malaysia's MyEG Services RM 800 million partnership with Singapore's TraceTogether
July 05, 2020
KUALA LUMPUR: Rumors are circulating about final talks of Malaysia's MYEG Services Bhd and Singapore's Government owned app TraceTogether. It pertains the development of an app with real-time monitoring of COVID-19 as well as other health and criminal hazards in a given user's vicinity. The budget is rumored to be around 800 million Ringgit Malaysia to 1 billion.

According to a statement by the Smart Nation Office under the Prime Minister’s Office in Singapore, there are about 1.8 million people who have downloaded the TraceTogether app, but "it is not enough," as the app does not currently cover the digitally excluded population including the elderly and young children who may not have smartphones. They hope to alleviate this by teaming app with Malaysia's MyEG team who have more experience in building apps that are more kid and elderly-friendly.

Another issue with Singapore's TraceTogether is that the app does not work reliably on iOS devices and can pose a significant drain on battery life, which will deter those who are using Apple devices such as the iPhone from downloading the app. The joint team hopes to solve this problem as well.

Not long ago, a research was conducted to study user acceptance of Malaysia's e-government services called MyEG via a theoretical framework. The results are compared to a similar research conducted in Singapore. The motivation and benefits derived from this research was utilized to improve the overall quality of services provided by MyEG and to enhance the efficiency as well as accountability of this e-government service.

This research was done by applying a theoretical framework known as TAM (Technology Acceptance Model) involving several factors such as intention to use, perceived ease of use, perceived usefulness, image, compatibility and trust. The research data was then validated by examining similar factors that had significance results, followed by the development of a simple prototype.

The results obtained from this research would be beneficial to enhance the level of adoption among the citizens in Malaysia as well as in Singapore (and potentially in other ASEAN countries such as Indonesia and the Philippines). The identification of the different factors influencing the acceptance levels of users can also provide a better vision on the end-user perspective for MyEG developers and lead them to achieve better results in future platform developments. In addition, this study also fills the current existing gap in e-government research of Malaysia and contributes to the literature on the public users’ perspective of e-government services.

https://www.facebook.com/2295309520749643/posts/2710603982553526/

https://www.facebook.com/2295309520749643/posts/2710603982553526/

https://www.facebook.com/2295309520749643/posts/2710603982553526/

Hahaha Let them panic selling , we will accumulate at the good price on Monday morning. I believe It will be recovered at the same day too.

Don’t bother & no issue. Will accumulating more on Monday.

Let’s fly to 2.50

QR got improvement

Tp > 1.50 resistance

KUALA LUMPUR (June 29): MNRB Holdings Bhd reported a 27.1% jump in net profit to RM132.66 million for the financial year ended March 31, 2020 (FY20) due to improved business performance.

Revenue grew to RM2.56 billion from RM2.40 billion in the previous year.

President and group chief executive officer Mohd Din Merican said its improved results were attributable to the robust performances of its operating subsidiaries, namely Malaysian Reinsurance Bhd (Malaysian Re), Takaful Ikhlas Family Bhd (Takaful IKHLAS Family) and Takaful Ikhlas General Bhd (Takaful IKHLAS General).

“FY20 saw Malaysian Re posting its highest net profit in five years. This was achieved despite operating in a challenging business environment in which Malaysian Re was affected by a series of large domestic fire losses and lower investment income,” he said in a statement today.

On the investment side, MNRB’s group net investment income increased 3.8% to RM360.7 million in FY20 from RM347.5 million previously, while its total assets stood at RM9.2 billion compared to RM8.7 billion in the previous financial year.

“The group’s investment income improved throughout the financial year, mainly due to the fair value gains in corporate and government bonds/sukuk.

“However, in the final quarter of the financial year, the group’s investment income was adversely affected by the volatility in the financial markets,” he said.

As for its subsidiary performance, Takaful IKHLAS recorded higher net investment income of RM261.4 million against FY19’s RM250.6 million.

Malaysian Re on the other hand, recorded lower net investment income of RM99.8 million in FY20 against the RM113.2 million previously due to a significant deterioration in the market value of equities.

“As we continue to operate our business under uncertain circumstances, we remain cautiously optimistic about establishing long-term growth for the group as a whole,” said Mohd Din.

MNRB is one of strategic companies under the portfolio of Malaysia's sovereign wealth fund Permodalan Nasional Bhd.

MNRB records 27% higher earnings for FY20 - http://www.theedgemarkets.com/article/mnrb-records-27-higher-earnings-fy20 (Share from StockHunter)

Tp 1.50

Finally Profit turn to green

Good . Make 58.8 mil within 3 months. Although no grow. But proof business sustainable

Accumulated more

Citadel12@ thanks for your stupid info. You are very rude

Citadel12@ thanks for your stupid info.

Citadel12@ thanks for your stupid info.

Buy buy

Next QR ( April to June) should be very good.

Supercomnet hits record high as orders from medical device makers soar
-A+A
Supercomnet’s main customers comprise New York Stock Exchange-listed Edwards Lifesciences Corp and Denmark-based Ambu, both of which have signed long-term agreements with the company.

KUALA LUMPUR (June 17): Shares in Supercomnet Technologies Bhd, which specialises in making wires and cables for medical devices, soared to a record high of RM1.33 in the morning session today.

At noon break, the stock had surged 26.2% or 27 sen to RM1.30. Its trading volume swelled to 38.07 million shares, substantially higher than its 200-day average trading volume of 1.95 million shares.

The Edge Malaysia weekly previously reported that Supercomnet’s wholly-owned subsidiary Supercomal Medical Products Sdn Bhd (SMP), which manufactures cables used to connect various medical devices, had seen order volume double since the Covid-19 outbreak began.

“Demand for medical cables has always been strong, but recent orders from our clients indicate that demand is picking up even further,” said Supercomnet managing director James Shiue Jong-Zone in an interview with The Edge.

The main products developed by the company include disposable medical consumables for Class 1, Class 2 and intensive care unit (ICU) usage.

Supercomnet’s main customers comprise New York Stock Exchange-listed Edwards Lifesciences Corp and Denmark-based Ambu, both of which have signed long-term agreements with the company.

Shiue highlighted that the group had been in business with its clients for more than 10 years and, on average, orders increased by 5% to 10% every year, whether or not there was a recession.

Supercomnet recorded a 55% year-on-year (y-o-y) jump in net profit to RM18.82 million for the financial year ended Dec 31, 2019 (FY19), mostly driven by its unit SMP, which is deemed the jewel in the group’s crown. Revenue grew 39% y-o-y to RM122.97 million. It will report its March quarter results for FY20 this month.


The medical device segment has been the driver of the group’s growth over the last three years, a situation Shiue does not see changing anytime soon.

The revenue contribution from the medical device segment is predicted to surpass that of the automotive segment for the first time this year from a 50:50 share in FY19.

Of the group’s immediate plans, Shiue said Supercomnet will put all its efforts into delivering orders to its clients, and it had allocated capital expenditure of about RM7 million to RM8 million for FY20.

Read also:
Supercomnet Technologies wired to medical device market growth

https://www.malaysiastock.biz/News.aspx?newsID=107148

Will accumulate more

Next QR ( April to June) should be good.

You all are right !!! Love you all

Then TP 1.70