Turnover in USD:
2015 - 141mil (RM/USD: 3.88)
2016 - 150mil (RM/USD: 4.14)
2017 - 158mil (RM/USD: 4.28)
2018 - 192mil (RM/USD: 4.03)
1Q19 - 48mil (RM/USD: 4.09)

With the current weakening RM/USD and trade war btw China and US, Liihen is expected to secure higher turnover than FY2018 which turning into better profits and dividends this year.

Funny, after QR released only say Liihen is great choice today.

半导体前景谨慎　益纳利凭优势稳成长

尽管科技领域遭到中美贸易战火的牵连，半导体市场需求也预计萎缩，但分析员普遍相信益纳利美昌（INARI，0166，主板科技股）未来可继续稳健成长。

益纳利美昌周四公布的2019财政年第3季（截至3月31日止）业绩表现逊于分析员预期。其净利按年锐减30.79%，至3819万令吉；营业额仅得2亿5632万令吉，按年滑落21.33%。

首9个月，该公司净赚1亿5432万令吉，按年下跌30.16%；营业额同样减少17.93%，至8亿8219万令吉。

营业额下滑，因为益纳利美昌脱售持股51%的CEEDTec后，这个季度少了这家子公司的营业额贡献。另一方面，传感器销售减少、产品组合改变和较高的折旧摊销费用都导致了该公司净利挫跌。

安联星展分析员指出，益纳利美昌的大客户—博通（Broadcom）主要为中国华为供应网络交换器方面的设备，而不是其智能手机的射频（RF）晶片。

“益纳利美昌的业务从未涉足网络交换器领域，因此中国华为遭美国封杀根本不会直接影响产品销售表现。”

不过，他强调，中美贸易争端升温无疑会导致全球经济放缓，而半导体行业的下滑周期也会延长。

“若中国决定对美国以牙还牙，它可以采取多种方式。而这很可能会破坏现有的科技行业供应链。我们比较担忧这对智能手机销量的影响，因为益纳利美昌的射频业务占了总营业额的45%至50%。”

5G手机有利射频业务

大马投行分析员也有相同的忧虑。他指出，中美贸易摩擦悬而未解，导致益纳利美昌的客户迟迟不下订单，进而影响了该公司的业绩表现。

同时，中美之间针对5G科技的对峙不排除会牵连更广，分析员表示短期内谨慎看待该行业的前景。

不过，达证券分析员却表示，5G科技手机在未来陆续面市，这将有利于益纳利美昌的RF业务，因为5G科技手机中会配置更多RF元素。

此外，他也指出，该公司高于行业平均水平的盈利赚幅和稳健的资产负债表，也是该公司的优势之一。

该公司正在筹备著产能拓展计划，打算在槟城峇都加湾再设一座新的厂房，预期产能会额外增加68%。

有鉴于此，他看好该公司的发展前景。

另一边厢，丰隆投行和兴业投行都指出，世界半导体贸易协会（WSTS）预期2019年半导体市场将萎缩3%，加上贸易战和英国脱欧始终充满不确定性，两名分析员都谨慎看待公司的前景。

MIDF研究分析员则表示，益纳利美昌为了抵消产品销量下跌的影响，正积极实现工业4.0和自动化，以提高营运效率。

“长远而言，我们认为该公司会获得更多的订单，并且能拓展更多元的产品，减少对射频业务的依赖。”

鉴于近期益纳利美昌的股价下跌了不少，安联星展、艾芬黄氏资本和达证券都表示目前是进场的好时机，因此给予“买进”投资评级。

https://www.orientaldaily.com.my/news/business/2019/05/24/291843

Judge on your own.

EMGS contract. To assuage concerns over its contract with EMGS, Scicom explained that it was one of 8 bidders for the EMGS contract in a tender by the then Ministry of Higher Education (MOHE). Pemandu (a government agency tasked with transforming the economy and government) had earlier conducted an impact study for MOHE on how to increase foreign students in Malaysia. MOHE had established EMGS and called for a tender to set up and operate the system. Scicom believed it won the competitive tender based on merit because it was the only tenderer that:

1) offered a revenue share model which allows the government to generate revenue to promote
Malaysia’s higher education overseas.
2) reduced the processing fee, which fell from between RM4,000 and RM12,000 charged by colleges to RM1,000. Its solution also reduced the processing time from between 3 to 6 months to less than 14 days.
3) offered a a private finance initiative (PFI) model which spared the government from any upfront
spending.

Based on the above, Scicom feels that its contract with EMGS is unlikely to be reviewed by the new government nor has it been invited by the government to be questioned. This comes at a time when the government is scrutinising any lopsided contracts undertaken by the previous administration. Scicom declined to reveal the remaining tenure of the contract but added that it has “some time to go” and has an option for 5 more years after the expiry.

http://www.zj.com.my/download/2018/Scicom-20180523-Company%20update.pdf

Nonsense accuse, Scicom won the service thru tender basis.
Maybe Party Negara think this biz so easy to earn money, looking the chance to rob biz from Scicom.

Sold at 0.80 to secure profit.

Accumulate at 0.92.

Bought at 1.30.

Good result and another 3.5 sen dividend is coming.

Key point:

为了避开关税，加上中国劳工成本日趋增高，美国和韩国的手机品牌预计会把生产基地转移至东盟国家。华为占博通（Broadcom）销量的5%左右，而益纳利美昌（INARI，0166，主板科技股）的40%至50%销量则来自博通。

“华为事件将对全球半导体领域带来短期的负面影响。然而，其他手机品牌如苹果（Apple）和三星（Samsung）可能渔翁得利。”

整体来看，他认为在中国以外的半导体业者，都有可能因为贸易战而成为潜在受惠者。不过这些利好因素并不会立即显现，因为贸易战还是会冲击市场的情绪。

他最看好益纳利美昌，并给予该股“买进”评级和1.80令吉目标价。

他认为，当5G网络正式上路后，5G手机对无线频率（RF）的需求将提高，并且带动公司的无线频率业务。

https://www.orientaldaily.com.my/news/business/2019/05/21/291450

shpg22
compare preceding quarter is giving some guide how the Company is performing. As long as they can keep such uptrend, their result shall be better than same quarter last year is not an issue.

Why worry? Gadang not afraid for open tender.

Matrix concepts to launch RM1.3 bil worth of projects this year

Matrix Concepts Bhd is targeting to launch RM1.3 billion worth of projects comprising residential and commercial developments this year.

Its chief marketing officer Lim Kok Yee said the company is confident of achieving the target, despite a recent slight slump in the property sector.

“Despite the slump, we had attained our target to launch RM1 billion worth of projects last year, and we believe the sector will improve this year,” he told a press conference after a media tour at the site of Lunaria's second phase project here today.

Lim said among projects scheduled for launch this year, include Lunaria’s third phase.

“The third phase comprises 175 units of superlink houses which will be launched this July, and is expected to complete in the next two years,” he added.

Lim said the project’s first phase consisting of 129 units of superlink houses were sold out, while the second phase comprising 232 units is almost sold out with only 40 units still unsold. — Bernama

https://www.theedgemarkets.com/article/matrix-concepts-launch-rm13-bil-worth-projects-year

No worries, Lotte get the luck from Donald Trump XD

特朗普会见乐天董事长辛东彬：感谢对美投资

乐天集团董事长辛东彬当地时间5月13日下午前往白宫拜访美国总统特朗普。约两个小时后，特朗普在推特上上传一张照片。照片中，特朗普和辛东彬董事长一行人面对面坐在白宫办公桌两侧。

此次是特朗普自2017年1月上任后首次在白宫接见韩国大企业领导人。

据韩媒5月15日报道，辛东彬董事长的白宫之行早已敲定。但与特朗普总统的会面并未确定。乐天集团相关人士表示，“白宫通知让‘去一趟’，但拜访总统则是在不久前成行的。内心非常期待，但还是没有想太多，然而最终成行之后感到非常满足”。

乐天化学5月9日在美国路易斯安那州举行了乙烷裂解炉和乙二醇工厂竣工典礼。前一天晚上，美国白宫副助理西尔维亚·梅·戴维斯拿着特朗普总统的亲笔信来到现场。亲笔信是特朗普总统意外的盛情款待。乐天集团相关人士表示，“副助理转达称‘总统非常关心乐天的工厂竣工典礼’。这是对美国重视的能源领域进行的投资，白宫也许会邀请董事长做客”。

特朗普总统特别关注乐天集团是因为页岩气。乐天化学投入31亿美元的路易斯安那工厂是以页岩气中释放出的乙烷为原料制作乙醇，成本仅为从石油中萃取石脑油为原料时的一半。乐天集团相关人士表示，“明年预计创出销售额9000亿韩元、营业利润30%”。这被评为乐天的未来增长动力之一。

而页岩气对特朗普来说也是秘密武器。美国是世界上最大的原油进口国，实际上通过页岩气开发实现了石油自给自足。同时，这也是特朗普开始对产油国底气十足地呛声的原因所在。

此外，特朗普和乐天集团还有另一桩缘分。特朗普去年联合国大会期间在乐天旗下的纽约皇宫酒店办公。当天在白宫面谈中，特朗普谈到该酒店表示，“是桩好投资。这是一家拥有优良传统的好酒店，请好好维持”。

据乐天集团称，当天特朗普和辛东彬董事长的会面共讨论了三个话题。辛东彬董事长先对乐天集团进行了说明，还对5月9日竣工典礼时派人送来亲笔信表示感谢。然后就是纽约皇宫酒店。特朗普名下有纽约曼哈顿的特朗普大厦等多家酒店和度假村。

稍晚时候，特朗普在推特上写道，“欢迎辛东彬董事长。乐天集团向路易斯安那州投资31亿美元，为美国人提供了很多就业岗位。像韩国这样的优秀合作伙伴很清楚美国经济现在运转得比任何时候都好”。

By RHB Research

Buy

Target price: 95 sen

THE financial year ending May 31, 2019 (FY19) has been relatively uneventful for Gadang, as it secured new orders amounting to RM136mil as compared to RM475mil in FY18.

The new orders comprised two Tun Razak Exchange (TRX) packages and a fire fighting facility for Rapid Pengerang.

The group’s outstanding construction order book stood at RM1.3bil compared to RM1.6bil a year ago.

The management highlighted that it has been focusing on completing existing jobs to ride out the period of uncertainty.

It is noteworthy that the upcoming completion of the Rapid contract is in June, where Gadang has submitted a variation order that could be recognised in the first half of FY20, if approved.

Gadang also announced that it is forming a pre-bid consortium with DWL Resources Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

and will take up a 10% stake in the company for RM18mil.

The group views this as a strategic move as it allows both companies to leverage on each other’s strength to improve their chances in tenders.

Additionally, Gadang noted its interest in participating in the pre-qualification tender for the East Coast Rail Link, as well as tenders for further TRX, Rapid and hospital projects in order to replenish its construction order book.

As for its property division, Gadang’s unbilled sales stood at RM93mil as at Feb 2019, down from RM134mil last year, with only one new launch in Dec 2018 – Putra Perdana which has a gross development value of RM173mil.

Gadang has also revised the joint-venture terms for its Capital City project in Johor Bahru, where it is the landowner.

The revised terms, if approved, could see the company realising RM100mil worth of contra properties as balance payment for its revised RM250mil entitlement sum.

https://www.thestar.com.my/business/business-news/2019/05/17/analyst-reports/

@Jiahui Foo, here you go

Favco announced 2nd secured contracts worth 78.3 mil.
YTD new contracts are 139.4 mil, equal to 24.8% replenish rate based on FY2018 year end outstanding order books of 563 mil.

Bought @ 1.02.

Gadang-DWL can ready to tender for ECPL project

Call for tenders for KL-SG HSR commercial advisory consultant

KUALA LUMPUR: MyHSR Corp Sdn Bhd will call for a tender for the appointment of a commercial advisory consultant (CAC) for the KL-Singapore high speed rail (HSR) project review exercise today.

According to a statement by MyHSR, the CAC tender looks to address the commercial aspects of the project in line with the Malaysian government's review.

"The appointed consultant will be required to develop a new business model that will produce the optimal project life-cycle cost, as well as, develop updated ridership forecasts, and update the benefits assessment that the project will bring to Malaysia," it said.

On Sept 5, 2018, the governments of Malaysia and Singapore agreed to suspend the KL-SG HSR project until May 31, 2020, while reviews were being conducted.

An ongoing tender was launched in April 2019 to appoint the technical advisory consultant (TAC), which MyHSR said has received encouraging interest from the market.

"With the appointments of both the TAC and the CAC, a comprehensive project review exercise will be completed, and a report will then be prepared and submitted to the Government, prior to the end of the suspension period in May 2020," said MyHSR.

"We encourage all firms with the relevant experience to participate in this tender as the findings of this review will help us chart the right course for this Project. We look forward to receiving similar strong support from the market for this tender.”

https://www.thestar.com.my/business/business-news/2019/05/09/call-for-tenders-for-kl-sg-hsr-commercial-advisory-consultant/

5G恐干扰气象卫星危及人命

全球多国积极建设5G电讯网络，但气象专家警告，5G网络可能严重干扰气象专家用来观察大气变化的精密仪器，继而影响天气预报，令重大风暴来袭前的警告不足，恐因此造成人命损失。

根据英国《卫报》及美国《华盛顿邮报》报导，气象卫星上的仪器记录著大气中的水蒸气、降雨、降雪、云层覆盖以及含冰量，这些都是影响天气的关键因素。不过，科学家发现，5G网路使所用的无线射频（Radio frequency, RF），可能会阻挠气象卫星对地球的观测结果。

举例来说，欧洲MetOp探测器为评估大气中的湿度，使用23.8GHz的频段，水蒸气会在这个频率释出微弱的讯号，探测器便能够全天候观察相关数据，以提供气象学家作为气候变化与风暴是否来袭的依据。然而，5G网路的频率与23.8 GHz相当接近，容易与水蒸气所释出的讯号混淆，最后导致气象观测与预测的结果失准。

英国雷丁的欧洲中期天气预报中心专家博尔曼说：“这些数据是独特的天然资讯来源，对我们的预报能力很重要，如果我们失去了这些数据，天气预报准确度将大幅恶化。”

然而，美国联邦通讯委员会仍陆续将接近23.8 GHz的频段拍卖给未来的5G网路供应商。甚至就连其他运用在气象观测的频段，像是用来研究降雨、降雪的36至37 GHz、用于测量大气温度的50 GHz以及用来分析云层和含冰量的86至92 GHz频段，也都包含在美国打算拍卖的频段中。

https://www.orientaldaily.com.my/news/international/2019/05/05/289512

Think from positive side.
The last PP was done on April of 2016. Refer to annual results, FY2016, FY2017 and FY2018 are the best consecutive results to Gadang in the past many years (profit >90m).

Bought Matrix-WA at 0.12, Nice.

提高效率·扩展出口·理建冀营收成长10%

化学品制造兼经销公司理建（LUXCHEM,5143,主板工业产品服务组）预计今年将仍具挑战，但仍乐观看待其可稳定发展，并希望可取得10%的营业额增长。

该公司董事经理邓英仕在股东大会后向《星洲财经》表示，今年公司仍面对着美元对马币的波动、原材料价格不定及中美贸易战等挑战。

“像是原油价格从50多美元增至70多美元，已加重部份原材料成本，收窄了赚幅。

若是销售价格再出现恶劣竞争，将进一步侵蚀赚幅。”

对此，他表示，只能提高业务效率及持续的扩展出口市场。

“我们希望取得10%营业额增长，再加上维持赚幅来提高盈利，不过一切还是要看市场情况而定。”

目前理建出口占总营业额约30%，剩余为国内。

东盟增长空间大邓英仕指出，该公司一直在扩展其出口至东盟市场，来取得公司收入增长。

他补充，主要原因是本地人口有限，加上他们已经营多年，市占率不太可能增长。

被问及是否考虑进军其他先进国家，邓英仕认为，先进国家的增长有限，市场供应源已稳定，相反的东盟其他国家的增长空间较大，而且他们也有一定优势。

“此外，化学品的周期性有限，若运输时间过长会出现不稳定性。”

对于是否会增加制造其他化学品，邓英仕指出，这方面的投资向来庞大，像投资人造胶可能要数百亿令吉，所以需要先进行调查，了解市场在哪里和其需求。

但他补充，他们将会探索适合的机会。

“就如之前收购Transform Master一样，若有好得机会，我们将会在考量多方面包括市占率及回报率后才采购。”

根据之前报道，理建2016年收购化学产品制造商Transform Master，为前者制造乳胶化学产品。

https://www.sinchew.com.my/content/content_2048564.html

MRT3或重啓‧成本料砍半

（吉隆坡4日讯）捷运三号线（MRT3）可能在成本砍半后重启。

《The Edge》财经周刊引述消息透露，联邦政府在过去数月和金务大（GAMUDA,5398,主板建筑组）洽谈以更低的价格重启捷运三号线。

双方正讨论将捷运三号线的成本从之前的450亿令吉减少一半，即大砍225亿令吉。

捷运三号线全长40公里，是巴生河流域捷运计划下的最后一条路线。

消息说，在削减成本之后，政府相当接受捷运三号线的建议。

另一个消息则指出，洽谈在持续中，可能在今年后期完成。

一旦尘埃落定，金务大可能寻求一位伙伴以协助进行此项目。

金务大受询时拒绝置评。

金务大和M M C机构（MMCCORP,2194,主板交通物流组）曾合作展开多项大型基建项目，包括联手设计和兴建巴生河流域捷运。

据了解，政府决定重启MRT3，其中一个原因是在推出100令吉无限次乘搭月票后，捷运的乘客量大增。

https://www.sinchew.com.my/content/content_2048895.html

https://klse.i3investor.com/blogs/nanyang_stock_expert/204714.jsp

Nanyang Siang Pau call buy

http://malaysiastock.biz/Company-Announcement.aspx?id=1139267

QR is so so only.
Revenue just hovering about RM40m, difficult to pass over RM50m without capacity expansion.
Then how to bring profit up?
Good news is they bought the lands allocated in Muar Furniture Park recently, it can help them to boost revenue and profit further.

The Board of Directors of Kimlun Corporation Berhad ('KIMLUN' or 'the Company') is pleased to announce that Rexpoint Resources Sdn Bhd has awarded to Kimlun Sdn Bhd, a wholly-owned subsidiary of the Company, a contract for the main building works for 2 blocks of apartments in Selangor ('the Project'). The contract sum for the Project is Ringgit Malaysia Two Hundred and Four Million and Four Hundred Thousand Only (RM204,400,000).

The construction work is expected to be completed by end of January 2022.

The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts.

Waiting analyst call for sell and share price further slump 1st.

Extract from AR:

New factory warehouse for F&B segment has been fully constructed but pending for certificate of completion and compliance issued by the local authority. However, there is some delay in the construction of the factory building of the joint venture in Mexico, expected time of completion will be by 3rd quarter of 2019.

After this acquisition, Gadang became the 2nd largest shareholder in DWL. If look carefully the 30 largest shareholders in DWL latest AR, will see that there is one shareholder named "Green Packet Holdings Ltd" also held DWL shares about 3.44mil units or 1.73%.
Who's the Green Packet Holdings Ltd? They are the largest shareholder of Green Packet Berhad, which deemed as their ultimate holding company.
Any relationship between Green Packet Berhad and Gadang? Yeah, Kok Onn and Boey Tak Kong are the non-executive directors of Green Packet Berhad~~

Last week just engaged, today is ald officially married, expect will see the baby soon :)

乐天大腾专注印尼LINE项目·欲成东南亚顶级石化公司

乐天大腾（LCTITAN，5284，主板工业产品服务组）将专注于印尼乐天化学乙烯新厂（LINE）项目，以在2024年成为东南亚的顶级石化公司，同时亦会探索多元化产品的机会。

乐天大腾首席执行员李东雨在股东大会后接受访问时表示，该公司将致力增加产能，达至2024年东南亚区的顶级石化公司目标，而LINE项目将是关键。

此外，他指出，该公司在美国持股约40%的单乙二醇厂房项目，预计可在今年开始营运，将有助其达至目标。

根据资料显示，该公司在美国的项目总值30亿美元（约124亿令吉），预计可在今年下半年给予正面贡献，“以产能来看，目前我们在东南亚区是前三，年产能为350万公吨，若想达至第一的目标，年产能至少要超过目前的双倍。”

他指出，LINE项目的成本预计为35亿美元（约145亿令吉），料将在2023年完成。

他补充，2017年该公司首次公开售股中集获的7亿美元（约29亿令吉）用于LINE项目，剩余部份，将通过内部筹集资金和银行贷款完成。

被问及是否会将现金流用做扩展用途，李东雨则表示，现金流主要将用做股息、增长及营运持续性。

他解释，化学业务的周期不同，加上需要派发股息于股东，所以需要强稳的现金流来维持营运正常。

据该公司2018年财报显示，乐天大腾现金流为22亿6230万令吉。

李东雨指出，油价不稳定对该公司影响甚大，其中使用的石脑油（Naphtha）与其息息相关，并占成本80%。

他表示，该公司接下来有意多元化旗下产品，探索一些高价值化学品或聚合物的机会。

他补充，大马及印尼仍是该公司的主要市场。

https://www.sinchew.com.my/content/content_2044815.html

Estimate 1Q19 result will be out on 30 Apr (next week)
If poor result release, have chance to grab lower price before the ex-dividend date on 14 May.

QR is within expectation. PBT remained at 22m for 3 individual quarter this FY.
But Q3 taxation is much higher than previous quarters.

Boustead Plantations looking to reduce gearing level to 0.2 times by 2022

PETALING JAYA (April 24): Boustead Plantations Bhd is looking to pare down its gearing ratio to 0.2 times by 2022, and achieve this target in part by selling plantation land close to urban areas.

At a press conference following its annual general meeting (AGM) today, Boustead Plantations chief executive officer (CEO) Chow Kok Choy said the group's gearing level is around 0.5 times currently, and it is looking to reduce its gearing level via the sale of its plantation land near urban areas during the next three to four years.

"We will have a gearing slightly around 0.5 times. If you are in the plantation business, your gearing should be around 0.2 to 0.3 times.

"We have land with potential property value, and we have quite a number of properties which have got potential. The plan over the next three to four years is to monetise these pieces of land," said Chow.

He added that the group is looking to sell plantation land near urban areas because costs associated with the lands' upkeep are high and that the supply of labour to harvest these pieces of land is limited.

When queried on the total land bank that the group is looking to potentially dispose of as property developments, Chow said he could not indicate the actual size of the land, but revealed it was worth between RM1 billion and RM1.2 billion.

Chow added he could not disclose the locations of the plantation plots slated for property development.

When queried as to why the group is looking to purchase more land, Chow said the purchase of more plantation land would allow it to achieve economies of scale.

"Going forward we need size, in our strategy we aim to have 100,000 hectares (ha), currently we have 93,000 ha.

"As an upstream player we are a price taker, if you are not big enough you are not going to be competitive," said Chow.

In the financial year ended Dec 31, 2018 (FY18), the group had long-term borrowings amounting to RM373.09 million, short-term borrowings of RM744.6 million, and a gearing level of 0.4 times.

The group announced on Aug 1, 2018 that it was purchasing 17 pieces of oil palm plantation land totalling 4,915.25 ha in Sabah, inclusive of a 75 tonne per hour palm oil mill for RM397 million, with the purchase being partly funded by RM350 million in bank borrowings.

At the midday break today, Boustead Plantations rose 0.63% or 0.5 sen to 79.5 sen.

Hint:

同时，大马城计划也做出了一些调整，包括增设人民公园和1万间可负担房屋，提高土著在整个计划的参与率以及优先使用本地建筑材料。

该分析员表示，已经涉及敦拉萨国际贸易中心（TRX）的建筑承包商，从中受惠的机率更大。

http://www.orientaldaily.com.my/s/287910

Gadang works happy with TRX City for the existing TRX project. It may create the potential job award for the revival of Bandar Malaysia.
2 years ago, there's TRX City issued a statement for the dimissal of IWH-CREC share sale agreement, not from MOF or government.

苹果加速推5G手机　益纳利美昌从中受惠

（吉隆坡19日讯）隨著苹果公司（Apple）和高通（Qualcomm）的侵权案告一段落，苹果將加速推出5G iPhone，分析员认为益纳利美昌（INARI，0166，主板科技股）將从中受惠。

大马投行分析员指出，益纳利美昌在苹果智能手机的射频（RF）设备供应链里佔一席之地，而射频设备是5G网络中的必要组件之一，所以苹果和高通和解，对该公司有利。

分析员表示，双方和解意味著苹果会加快採用5G网络的步伐，但时机因素或使苹果要等到2020年才让5G手机面市。

「从歷史记录来看，苹果在採用新科技方面总是落后于同行，比如从3G网络转向4G的时期。」

据外媒报导，苹果因专利侵权一案向高通作出一笔赔偿，並达成和解，同时双方签署为期6年的晶片组供应协议。隨后，英特尔（Intel）宣布，退出移动设备的5G调製调解器（modem）业务。

苹果原本计划从高通与英特尔两方面取得调製调解器供应。不过，由于苹果和高通之间的侵权纠纷，令前者在2018年只能完全依赖英特尔的產品。

不过，依照美国知名商业周刊《Fast Company》近期的报导，英特尔无法在限期前研发出5G调製调解器，而相关设备原定用在2020年推出的苹果5G手机上。

看好2业务前景

考虑到进度落后，也基於政治因素无法使用华为设备，苹果决定和已有成熟產品，即驍龙（Snapdragon）X50和X55的高通和解。

此外，分析员继续看好益纳利美昌，理由是射频、镭射和发光二极体（LED）业务的成长前景。

他表示，手机內部设备增加和5G网络令益纳利美昌射频业务受益，而手机的生物识別与扩增实境（AR）应用增加，亦会惠及其镭射设备业务。

他也称，各大商场对高清电子广告板的需求提高，推动该公司的LED业务成长。无论如何，该分析员目前维持益纳利美昌的盈利预测，因而保持该股的「守住」评级与1.65令吉目標价。益纳利美昌周五略跌5仙或2.73%，以1.78令吉掛收，全天成交量为1434万股。

http://www.orientaldaily.com.my/s/287582

Chart is Liihen, content is Harta

Hear Kimlun won Pan Borneo project again.

This is first contract Gadang won so far this year. Hope more to come especially from Sabah & Sarawak.

https://klse.i3investor.com/blogs/savemalaysia/202311.jsp

Maybe Gkent can win another possible LRT4 Putrajaya-Kajang other than ECRL project?

Despite a tepid year ahead due to lower sales for the radio frequency segment (RF) amid weak smartphone shipment at key end-customers, AllianceDBS Research has upgraded Inari Amertron Bhd to a “Buy” with a higher target price of RM2, from RM1.60 previously, as it views ample upside opportunities moving forward, especially from the introduction of 5G technology.

In a note today, the research firm said while the stock has corrected by 35% from its 2018 peak and its share price might still be dampened by near-term quarterly earnings weakness, this could provide the opportunity for investors to accumulate.

It added that the recovery in the radio frequency (RF) segment — tracking Broadcom’s guidance — and Inari securing new businesses for its new P34 plant in Batu Kawan, should also progressively take place towards end of second half of this year.

“Looking beyond the current transition phase, we believe investors will start to appreciate the 5G growth potential for Inari, once the technology is progressively being ramped up in new smartphone models.

“In our forecasts, we expect Inari’s radio frequency segment to grow by 15%-17% from financial years 2020 to 2021 (FY20-21), recovering from the dip in FY19. This is also partly helped by the expectations that Broadcom would regain the market share that it lost to competitors.

“This should also help to boost Inari’s valuation, which is currently trading at its mean of about 17.5 times calendar year 2020 price-earnings ratio (PER),” its analyst Toh Woo Kim wrote, adding that the higher-than-consensus PER is as he believes its valuation will re-rate, once Inari’s RF segment returns to growth trajectory.

Shares of Inari were traded unchanged at RM1.64 as of writing, for a market capitalisation of RM5.21 billion.

https://www.theedgemarkets.com/article/alliancedbs-upgrades-inari-raises-target-rm2

KUALA LUMPUR: Inari Amertron will benefit from the roll-out of the 5G network and infrastructure, UOB Kay Hian Malaysia Research says.

It said on Friday that although FY19 will be a transition year for Inari for both its existing and new businesses, the group’s medium-term outlook remains promising, underpinned by 5G.

“Besides new 5G smartphones (on multifold increase in RF filters), Inari will also benefit from the inevitable growth in 5G infrastructure with its expertise in fibre-optics chips and optoelectronics. Any share price weakness presents buying opportunity. Maintain Buy. Target price: RM1.80,” it said.

UOB Kay Hian Research said while Inari’s utilisation rate for RF testers (42% of group revenue) is only hovering at 60-65%, the group remains committed to its key customer’s capacity expansion plan (testers are consigned by this key customer) which will see additional testing capacity being added by 2019.

“We are particularly positive on this as this implies that Inari’s RF customer is expecting a significant uptick in RF demand, likely from the imminent convergence of 5G, which would also directly benefit Inari given its niche-services in this space.

Samsung’s latest introduction of the Galaxy S10 (5G) kick-started the 5G wave, and other premium smartphone brands will have to follow suit by introducing 5G phones either by this year or latest by next year, despite 5G telecommunications infrastructure still being at its infancy stages.

While 5G phones could have a marginal earnings impact on Inari at the early stages (due to the phones’ high price points), the group’s major customer continuously consigns RF testers to Inari despite the current low utilisation rate of testers at 60-65%.

This suggests this major customer could be anticipating a sharp uptick in RF filters requirements once 5G takes off, which will require a multifold increase in RF filters for smartphones.

UOB Kay Hian Research said aside from Samsung, the US and Chinese premium smartphone players would be following suit and this would also lend strength to Inari’s RF demand.

Besides a multiple-fold increase in RF filters expected in the new 5G smartphones, Inari will also benefit from the inevitable growth in 5G infrastructure with its expertise in fibre-optics chips and optoelectronics.

The research house said time was needed for its new business with a German customer.

“For its existing operation, Inari’s new products ramp-up for this customer, that is, 2D and 3D FR sensors, health sensors, and mini LEDs are still on modest volume.

“With the recent takeover talks by private equity firms alongside lower earnings forecast mentioned in an ad-hoc statement by this customer, we also do not discount the potential slowdown in the new business development between Inari and this customer.

“Note that Inari now expects to obtain the new P34 plant’s (680,000sf) certificate of completion and compliance (CCC) in June 2019 (instead of expediting by April 2019), with the exact timing for the commencement of production still in discussion at the moment.

“All said, we believe Inari is the frontrunner to benefit from the outsourcing model by this customer should the latter adopt such modus operandi to boost its margins,” UOB Kay Hian Research said.

https://www.thestar.com.my/business/business-news/2019/04/12/rollout-of-5g-to-boost-inari-amertron-prospects-says-uob-kay-hian/

The Board of Directors of Cypark Resources Berhad ("the Company" or "CRB") wishes to announce that the Company had on 12 April 2018 received a Letter of Acceptance of Tender dated 8 April 2019 from Pasir Gudang Specialist Hospital Sdn. Bhd. (a member of KPJ Healthcare Berhad Group) ("KPJ Pasir Gudang") for the Upgrading Works of Mechanical System (Chiller System), Electrical (Genset) and Medical Gas to be rendered at the specific location of Lot Ptd 198635, Jalan Persiaran Dahlia 2, Taman Bukit Dahlia, 81700 Pasir Gudang, Johor Darul Takzim for KPJ Pasir Gudang ("the Works"). The total contract value is RM4,714,014.00 (Ringgit Malaysia: Four Million Seven Hundred Fourteen Thousand Fourteen only).

The Works have been divided into two Sections. For Section One, it is expected to be completed on 22 January 2020, which is 9 months from the date of site possession on 22 April 2019. Meanwhile, for Section Two, it is expected to be completed on 22 October 2019, which is 6 months from the date of site possession on 22 April 2019.

The Works will be carried out by CRB's Construction & Engineering Division.

The Directors of CRB are of the opinion that the Works are in the best interest of CRB and the Works are expected to contribute positively to the earnings and net assets of CRB.

None of the Directors or Major Shareholders of CRB and persons connected with them has any interest, direct or indirect, in the Works.

This announcement is dated 12 April 2019.

http://malaysiastock.biz/Company-Announcement.aspx?id=1134478

Bought 209.54 acres of freehold land with RM131 million, convert to RM14/sqft only which is damn cheap!

Bluefun师兄回来了

每季度每股盈利总额增加，我们的全年每股盈利为7.31美分。