Agree with richDad1...........the earning still look healthy....

CAB CAKARAN CORPORATION BERHAD ("CAB" OR THE "COMPANY")

JOINT VENTURE AGREEMENT BETWEEN CABINDO POULTRY SDN BHD ("CABINDO"), A WHOLLY-OWNED SUBSIDIARY COMPANY OF CAB, AND PT TERNAK AYAM TERPADU INDONESIA ("TERNAK AYAM TERPADU")

ya...waiting split or bonus too...once split will buy more.....

China Petroleum & Chemical Corp., the world’s biggest refiner, said third-quarter profit advanced 13 percent as earnings from refining offset upstream and impairment losses.

Net income at the state-owned energy producer increased to 11.5 billion yuan ($1.7 billion) in the three months to Sept. 30, the Beijing-based company known as Sinopec said in a statement to the Hong Kong stock exchange Monday. That missed a JPMorgan Chase & Co. estimate of 12.1 billion yuan. Revenue rose 19 percent to 579.1 billion yuan.

https://www.bloomberg.com/news/articles/2017-10-30/sinopec-profit-rises-as-refining-and-chemicals-lift-earnings

long long term should be ok....this is Sunway...not any penny stock...at least the company got income...PE and price will adjusted every quarter, with dividend...should be ok...buy slowly...safer than many other counters....

perhaps will up after Q result....PE quite high and nothing to support the price....it up quite a lot already prior transfer to main board...not perform well after to main board....

Advantages of bonds
When a company issues bonds, it is generally able to lock in a long-term interest rate that is lower than the rate a bank would charge. The lower the interest rate for the borrowing company, the less the loan ends up costing.

Additionally, when a company issues bonds instead of pursuing a long-term loan, it generally has more flexibility to operate as it sees fit. Bank loans tend to come with certain operating restrictions that could limit a company's ability to grow physically and financially. For example, some banks prohibit their borrowers from making further acquisitions until their loans are repaid in full. Bonds, by contrast, do not come with operating limitations.

Finally, some long-term loans are structured to include variable interest rates, which means a company's rate could go up significantly over time. When a company issues bonds, it is able to lock in a fixed interest rate for the life of the bonds, which could be 10 years, 20 years, or more.



Advantages of long-term loans
Unlike bonds, the terms of a long-term loan can often be modified and restructured to benefit the borrowing party. When a company issues bonds, it is committing to a fixed payment schedule and interest rate, whereas some bank loans offer more flexible refinancing options.

Furthermore, obtaining a bank loan is generally less of an administrative hassle than going through the process of issuing bonds. To sell bonds to the public, the issuing company must spend time and money on advertising while taking steps to ensure that it adheres to SEC requirements. The costs of obtaining a bank loan can therefore be significantly lower than the costs involved in borrowing money through bonds.

Press Metal receives BNM approval for US$400M bond issuance

Press Metal Aluminium Holdings (Press Metal), South-East Asia’s largest aluminum producer, has received Bank Negara Malaysia's (BNM) approval for the proposed issuance of US-dollar denominated senior notes of up to US$400 mil with a five-year tenure, according to a filing with Bursa Malaysia last Friday.

Read on for more details on the bond issuance and the latest news on Press Metal.


Latest financial results

Press Metal’s latest financial results for the second quarter ended 30 Jun 2017 (2Q17) showed its core business profit increased by more than a third due to increased output and higher metal prices. Excluding the extraordinary gain of RM45.02 mil in 2Q16, its pre-tax profit showed a year-on-year growth of 35.8% to RM209.37 mil, reflecting the 31.1% jump in revenue to RM2.08 bil, which was mainly due to the additional production output generated by its Samalaju phase 2 smelting plant and the higher metal price in 2Q17.

The Press Metal group’s gearing was reduced from 1.3 to 1.1 during the last financial year, mainly contributed by an increase in its shareholders’ net worth and a reduction in its borrowings due to loan repayments.


Hike in aluminum prices

For 2Q17, the hike in aluminium prices significantly boosted Press Metal’s earnings. Aluminium prices saw a 2.8% increase from an average of US$1,852 per tonne in 1Q17 to an average of US$1,905 per tonne in 2Q17, according to an earlier article on theStar (17 Aug).

Current aluminium prices as at 13 October 2017 are US$2,133.50 per tonne (Business Insider, 13 Oct), which is approximately 12.0% higher than 2Q17 prices. This increase is fuelled by China cutting its aluminium smelting capacity to curb pollution in its bloated heavy industries (the Edge Markets, 13 Oct).


Bond Issuance

Bank Negara Malaysia's approval has been obtained for the proposed issuance of US-dollar denominated senior notes of up to US$400 mil with a five-year tenure. The issuance will be undertaken by Press Metal’s wholly-owned subsidiary Press Metal Labuan Ltd.

Press Metal further stated in its filing to Bursa Malaysia that proceeds from the proposed bonds will be used to refinance existing debts and for general corporate purposes.

On behalf of the Board of Directors of HSS, Maybank Investment Bank Berhad, wishes to announce that the Company has today entered into a heads of agreement with Datuk Ir. Teo Chok Boo, Ir. Prem Kumar A/L M.Vasudevan, and Ir. Syed Mohamed Adnan Bin Mansor Alhabshi for the proposed acquisition of the entire issued share capital of SMHB Engineering Sdn Bhd, representing 100% equity interest for a purchase consideration of RM270 million.

Kindly refer to the attached for further details.

This announcement is dated 29 September 2017.

stuck at 1.17 and 1.18...strong selling volume there...

ya..good article.....

chart and tech figures shown oversold....waiting to see the 3.00 support....

payment date is 20/9/2017....so not yet...

TRC Synergy Berhad (“the Company”) is pleased to announced that Consortium KKM-TRC had on 12 September 2017 accepted the Award from Mass Rapid Transit Corporation Sdn Bhd, in relation to the contract known as " Package DPT201 : Construction and Completion of Serdang Maintenance Depot, External Works and Other Associated Works for Project Mass Rapis Transit Laluan 2 : Sungai Buloh-Serdang-Putrajaya (SSP) (Contract No, : MRTCORP/KVMRT-SSP/DPT201/CW/023/08/2017)" for a Contract Sum of RM348,300,000.00 ("the Project").

Consortium KKM-TRC is an unincorporated joint venture between Konsortium Kontraktor Melayu Sdn Bhd (“KKM”) and Trans Resources Corporation Sdn Bhd (“TRC”). TRC is a wholly-owned subsidiary of the Company.

The Project will not have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, net assets per share and gearing of the Company and its subsidiaries ("TRC Group").

Barring unforeseen circumstances, the Board is of the opinion that the Project will contribute positively to the earnings and earnings per share of the TRC Group in the future.

None of the Directors of the Company, its substantial shareholders or person connected with Directors and substantial shareholders have any interest in the Project.

The Board, after having considered all aspects of the offer is of the opinion that the Project is in the best interest of the TRC Group.

The Letter of Acceptance available for inspection at the registered office of the Company during office hours from Monday to Friday at TRC Business Centre, Jalan Andaman Utama, 68000 Ampang, Selangor Darul Ehsan, Malaysia for a period of three (3) months from the date of this announcement.

This announcement is dated 14 September 2017.

PETRON大马 – 浅谈Q2业绩以及Q3展望

PETRONM主要从事石油产品的生产和销售，涉及石油中下游领域。其波德申炼油厂的每天产能为88,000桶，生产各种石油产品，包括汽油、柴油、煤油等等。其强大的下游业务涵盖整个大马超过570个油站。

PETRONM在Q2交出RM91m的盈利，按季下滑16%。这业绩看似符合市场的预期，但是其盈利却包含一笔RM40m的脱售油站收益。换句话说，其核心盈利只有RM50m，大幅度低于市场普遍推测的RM80-100m。由于炼油赚幅 (Crack Spread) 可以被追踪，而且油站收入也已固定在每公升5仙，因此PETRONM的盈利下滑相信是来自于库存亏损 (Inventory Loss) 。这季度的库存亏损比预算中的高出不少。

回顾今年初，原油价格在1月至3月期间稳定处于每桶USD52至USD57之间，当中没有任何的波动走势。这带动PETRONM在Q1交出RM109m的核心盈利。在今年Q2，原油价格从每桶USD55下滑至USD47，而在5月中至6月中之间有个大型的回调。在炼油赚幅以及油站收入几乎扯平的前提下，PETRONM仅在Q2交出RM50m的核心盈利。

按这来看，本专页认为原油价格的突然大跌将导致PETRONM蒙受巨大的库存亏损，反之原油价格的突然大涨将为集团带来巨大的库存收益。这可解释为何管理层曾强调，稳定的原油价格走势将有利于集团的业务，而非原油价格的暴涨。值得一提，HENGYUAN在Q2录得每桶USD1.71的库存亏损。

另一方面，市场也一度质疑盈利低于预期是否来自于炼油业务。一般普通的炼油厂构造主要由3：2：1的比例组成，而PETRONM的炼油厂就是其中之一。在每6桶提炼后的原油之中，有3桶是汽油 (Gasoline)，2桶是柴油染料 (Diesel Fuel) ，1桶是煤油 (Kerosene)。因此，只要对比新加坡期货数据，就可大约推测其炼油收益。至于HENGYUAN，其炼油厂比较复杂，可提炼非常多种不同的产品，包括机油 (Jet Oil) 、混合芳香油 (Mixed Aromatics) 等等。换句话说，影响HENGYUAN盈利表现的因素非常多，不像PETRONM般较容易推测。

展望Q3，风暴在近期袭击美国最重要的能源中心Texas，包括Shell和Exxon Mobil在内的多家油企已经关闭墨西哥的采油平台和炼油厂。墨西哥地区的石油企业生产量占全美总石油产量的三分之一，停工将导致美国原油价格上升。亚洲炼油企业是这一事故的受惠者，主要因为美国原油短缺带动炼油赚幅企高在每桶USD12.9左右，下周更有望进一步走高。

在7月至8月期间，炼油赚幅从每桶USD8飙升至目前的USD12.9，已大幅度超越Q1和Q2的USD8。此外，Brent原油价格也从7月的每桶USD47走高至目前的USD51m左右，波动幅度非常小。若9月没有大型回调，集团很大可能在Q3交出非常优越的盈利表现，甚至高于Q1的RM109m以及去年Q4的RM113m。本专页认为其盈利可达RM150m左右。

另一方面，PETRONM在Q2创造RM273m的营运现金流，比去年Q2的RM152m高。根据最新季报，集团手握RM156m的现金以及RM66m的银行贷款，已晋升为净现金的企业。值得一提，PETRONM在FY13期间一度手握RM800m的净贷款，可想而知其现金流创造能力非常强劲。相信再过不久，其手上现金将非常充裕，而明年预计可慷慨派发更高的股息。

整体来说，PETRONM的基本面几乎是无可挑剔，其目前PE也仅是7倍左右。若Q3可如预期般交出RM150m的盈利，本专页相信PETRONM的内在价值至少处于RM12以上。

对于9月份股票分析报告有兴趣的股友，可私下PM本专页，以了解详情！

#PETRONM
纯属分享！

when the price up....there are a bunches of sifu jump out talking....when price drop...there are another bunches of expert coming out to talk....everyone also stock expert nowaday....

Ya...not much counter in Malaysia can earn so high eps and declared it...so many counters declare losses every quarters...all figures can be manipulated...declare loss so can syfon some money out..the bosses are always rich but company always loss money...somemore Petron use the hard earning to pair down debt to become net cash company...what a nice effort from the management...pure fundamental counter...

technical figure everything look nice.......low PE, good margin, high ROE, high EPS.......how to find...if not up then sure someone fooling around.....

good one from UncleMau....or else those clueless people keep barking there...

bad result but still maintain the dividend.....for long term holder just looking for the dividend....should be ok..

18-Aug-2017 Acquired 5,000,000 3.310
Registered Name Koon Poh Weng
Nature of Interest Direct Interest
Consideration 3.31

Director collect at 5M share at 3.31......so high still buying...good sign...!!?

wow....very impressive result...still watching this stock yesterday night..and today busy meeting didn't able to buy....tomorrow sure open high.....congrat to those holding this...

ya SpiderLRT....use explorer able to download the report.....good..

Got profit....but this result is only for Petron Corporation Philippine.....and still unable to download the detail report to check Malaysia result.......earning per share from previous year (trailing 12 months) 0.34 to 0.85....

http://edge.pse.com.ph/companyDisclosures/form.do?cmpy_id=136#viewer

but unable to download.....still trying to download the report...

Current Year (3 Months)
Previous Year (3 Months)
Current Year-To-Date
Previous Year-To-Date

Gross Revenue
100,546
85,006
206,958
161,863
Gross Expense
94,849
79,291
192,403
150,384
Non-Operating Income
692
167
959
332
Non-Operating Expense
2,524
1,900
4,535
4,339
Income/(Loss) Before Tax
3,865
3,982
10,979
7,472
Income Tax Expense
1,206
1,461
2,765
2,193
Net Income/(Loss) After Tax
2,659
2,521
8,214
5,279
Net Income Attributable to
Parent Equity Holder
2,353
2,350
7,568
5,075
Earnings/(Loss) Per Share
(Basic)
0.13
0.13
0.56
0.3

Petron Corporation quarter result is out......finding way to download the report....

Sarah must from rich family...uncle auntie all very rich....Dear Sarah...pls push higher...concentrate VS la....dont go other counter...hehe...

NKorea yet to bomb US.....but we already died here....

China urges U.S. to act 'prudently' in aluminum foil dispute

BEIJING (Reuters) - China urged the U.S. government on Thursday to act "prudently" to avoid damaging economic relations between the two countries, in a strongly worded response to Washington's preliminary decision to slap anti-dumping duties on Chinese aluminum foil.

In a statement posted on its Wechat account, the Ministry of Commerce said the United States had ignored offers of cooperation from the government and Chinese companies in making its ruling this week.

The statement, attributed to Wang Hejun, head of the Commerce Ministry's trade remedy and investigation bureau, was more strongly worded than typical responses to trade disputes with the United States.

The statement said there were no grounds to accuse China's downstream aluminum companies of benefiting from subsidies.

Washington has previously made similar claims about China's banking sector, unreasonably labeling Chinese commercial banks as public institutions, the statement also said.

The Wechat post followed news on Wednesday that China's top foil producers are preparing to launch a legal challenge to a U.S. Commerce Department ruling that would slap antidumping duties of 16.56 percent to 80.97 percent on Chinese aluminum foil imports.

China's government said it is highly concerned about the action the United States is taking to provide relief to its aluminum industry.

Washington is also investigating whether to curb aluminum imports from China under the rarely used Section 232 of the Trade Expansion Act of 1962, which allows restrictions on imports for reasons of national security.

U.S. President Donald Trump's administration is conducting a separate investigation into steel imports from China.

中國鋁業讓人霧裡看花

這是逾10年來，工業金屬市場的真理。中國的工業化及城鎮化計劃，成為金屬領域需求增長的核心推動力。但是就鋁業而言，中國對全球供應鏈的影響，卻是雙刃劍。中國除了是最大的鋁消費國，從某種程度上，也是最大的鋁生產國，佔到全球產量50%以上。
在北京看似對國內鋁生產商發起多管齊下的打擊之際，中國在鋁業的主導性角色，成為市場關注焦點。
當局已要求北京周邊地區的鋁煉廠在11月冬季供暖季減產。另外，「非法」產能也正在被關停。分析師表示，目前約有200萬噸產能「關閉」，估計還有400萬噸產能也將面臨關停的風險。
進行定期環境檢查，並要求投入新產能必須有老舊產能來置換，看上去在抑制鋁業產能過剩方面，北京終於來真的了。
全球其他地方正在密切關注。中國以半成品形式出口剩餘鋁，與川普政府發生衝突。
市場亦密切關注，全球供應因此面臨全新威脅，這是倫敦金屬交易所3個月期鋁，3年來首次持續高於每噸1900美元的原因。
但真實情況是什麼？如果關停了這麼多產能，為什麼中國的產量仍在上升？更重要的是，能否相信這些官方數據？
6月中國原鋁日產量達到創紀錄的9萬7700噸，年率化後為3570萬噸，相當於全球產量56.5%，亦創下紀錄新高。這是國際鋁業協會發佈來自中國有色金屬工業協會（CNIA）的官方數據。
中國官方數據有誤差
鋁產量的計算應該是一種直截了當的統計。官方數據是多數外界所能取得的唯一資料，但官方數字反而帶來更多問號。
問題不僅是CNIA習慣性不時大幅修正過往數據，月度數據的劇烈波動，也已成為這個數據的特色。即使容許中國運行冶煉廠數目有誤差空間，這種變化幅度仍令人難以置信。此外，一些行業專家認為，官方數據是以另一種形式悖離現實。
他們有自己的鋁產量統計，據該估計，中國6月實際日產量為10萬4000噸。4月及5月產量遭到低估的幅度差不多。如此一來，過去3個月累計的年化數字落差將約達300萬噸。最低程度而言，中國官方數據是在誤導。
官方數據中消失的部份，恰好與北京當局下令關閉的「非法」產能相呼應，耐人尋味的是，這有可能是計算中國生產的人刪除了「非法」煉廠，不論這些煉廠是否真的關門大吉。
若真是如此，清理中國煉鋁業的犧牲者，恐怕是統計數據的透明度。在市場已對中國清理產能抱持高度期待的情形下，這可能成為市場的潛在夢靨。
北京當局目前所針對的「非法」產能，指的是那些未取得完整監管及環保許可的業者。那些產能不符合這些規範就有很大詮釋及協商空間。舉例來說，估計山東信發關閉54萬噸產能，可能只是其未完整獲准開設的產能的一半左右。更重要的是，沒有人去摧毀小煉廠的產能。
「違規」生產的冶煉商，則可以重新申請許可證，理論上來說，只要他們完成了文件上的手續，就可以從新以「合法」經營者的身份開始。該過程中一個怪異的地方在於，要求所有新產能，應取代已退出市場的產能。
這種「以新換舊」政策的基礎是替換許可證，但根本不夠用。關停小冶煉廠陳舊產能，只能提供2.2萬噸的置換許可證，而實際上需要合法生產牌照的產能已達到620萬噸。
雖然今年可能會看到大量的產能退出，但其中大多數產能可能到明年次季又會回來。那時，中國的冬季取暖季將結束。
打擊「非法」產能的行動，已催生一個可供交易產能許可的市場，目前這一市場中需求看上去遠大於供應。
所有這一切發生時，正值全球對於每月更新的中國鋁產量數據越發看不清了。

i think contra players already fully cleared and scared off...after few days drop...now all are genuine players with holding power...hope the price stay stable and wait for result release....

Thank you, David

due to many factors......war between US vs north korea affect US dollar drop when Trump talked something negative to north korea...najib 1mdb issue...and ESOS...whole market also red...not only VS drop...

Report: 1MDB likely to miss deadline, again

Published Today 11:05 am Updated Today 11:59 am

1MDB is unlikely to meet the new deadline to pay US$628.75 million (RM2.69 billion) to Abu Dhabi’s International Petroleum Investment Co PJSC (IPIC) by noon today, according to The Edge Markets.

The new deadline - a five business day grace period - was invoked by IPIC after 1MDB failed to meet its obligation to pay the amount by July 31.

The first deadline was set in a settlement between 1MDB and IPIC in April in order to avoid an arbitration process over monies owed to IPIC.

According to The Edge Markets, failure to meet the today's deadline would result in additional interest charges to 1MDB, which is wholly-owned by the Finance Ministry.

"The tardy payment alone should not scuttle the US$1.2 billion settlement agreement between the two state-owned funds by the end of this year; as long as 1MDB is able to make the payment within a reasonable time frame.

"Thus far, 1MDB has indicated that it needs at least another month, until the end of August, to arrange for the funds to make the said payment," the report states.

1MDB was formed by the Najib administration in 2009 as a sovereign wealth fund, but the company soon courted controversy because it had little capital and relied on billions of ringgit in loans for investments.

In subsequent years, 1MDB suffered cash flow problems and IPIC came in as a white knight to help the struggling firm meet its debt obligations.


However, IPIC helped on condition that 1MDB eventually repaid it. When 1MDB defaulted, both companies opted for an arbitration tribunal in London. However, a settlement was reached in April.

At an event in Kuala Lumpur earlier today, reporters informed Prime Minister Najib Abdul Razak's minders that they wished to ask Najib about 1MDB's ability to meet the deadline by today.

When Najib left the event, he could be heard saying, "we will issue a statement later".

It is uncertain if this was the prime minister's response to requests from journalists to comment on 1MDB's payment obligation.

ya...good chance to buy more....tomorrow morning standby to collect low...

haha...every group sure got 1 or 2 fella comments contradict and negative about the share....not follow group...but sure got purchase the stock or else wont waste time comment here....

ya..this counter many contra players since last few trading days gone up.....

go go go Petron...don't let HY chase you....show your power.....

charles_cty Gentlemen:

Please be informed that Petron Corporation, San Miguel Corporation,
San Miguel Brewery Inc., Ginebra San Miguel Inc., and San Miguel Pure Foods Company
Inc. will hold a combined investors’ briefing on their 2017 First Semester Results on
August 10, 2017 at 4:00 p.m. at the Executive Dining Room, 2nd Floor, SMC Head Office
Complex, 40 San Miguel Avenue, Mandaluyong City, Metro Manila. Attached is a copy
of the invitation.

Very truly yours,

JOEL ANGELO C. CRUZ
VP - General Counsel &
Corporate Secretary

Wish all the best...!!
02/08/2017 12:54

too many contra player already......all panic buy...no worry....keep it for next week....

if next Wednesday Malaysia petrol retail price up again....Petron will go higher ahead of result announce at Philippine....

ya...agreed...pls dont spam petronm...

Gentlemen:

Please be informed that Petron Corporation, San Miguel Corporation,
San Miguel Brewery Inc., Ginebra San Miguel Inc., and San Miguel Pure Foods Company
Inc. will hold a combined investors’ briefing on their 2017 First Semester Results on
August 10, 2017 at 4:00 p.m. at the Executive Dining Room, 2nd Floor, SMC Head Office
Complex, 40 San Miguel Avenue, Mandaluyong City, Metro Manila. Attached is a copy
of the invitation.

Very truly yours,

JOEL ANGELO C. CRUZ
VP - General Counsel &
Corporate Secretary

Wish all the best...!!

ya..when the stock up definitely everyone want to chase and hope to earn big.....don't too greedy...got earning is good enough, don't care earn big and earn small...up fast fall also fast....



Posted by paperplane2016 > Jul 31, 2017 05:22 PM | Report Abuse

it is once in a life to make money with ease

vey stupid if you dare not sailang to make 30 sen if the TP is 15 and possibly 40...

my broker not allow , if allow I will hentam 1M shares

Yeah. Margin got limitation as well. Thts why, SELL HOUSE TO MARGIN! joking only, don't do that. Buy with cautious, hold and see things evolve. review the results to tell if continue to hold or buy.

Becareful on crisis tht might be looming as well. keep some cash for rainy days

KUALA LUMPUR: Shares of refiners Hengyuan and Petron Malaysia climbed to a record high on Monday as buying interest was spurred on by the climb in crude oil prices which hit a two-month high.

At 11.25am, Hengyuan had surged RM1.05 to RM7.95 with 4.83 million shares done while Petron added 37 sen to RM9.22.

The FBM KLCI rose 0.19 of a point ot 0.01% to 1,767.27 after languishing earlier. Turnover was 691.78 million shares valued at RM426.28mil. There were 236 gainers, 410 losers and 361 counters unchanged.

Oil prices hit a two-month high on Monday, lifted by a tightening US crude market and the threat of sanctions against Opec-member Venezuela, Reuters reported.

Brent crude futures, the international benchmark for oil prices, were at US$52.67 per barrel at 0247 GMT on Monday, up 15 cents or 0.3%. Prices hit US$52.76 per barrel earlier in the day, their highest since May 25.

US West Texas Intermediate (WTI) crude futures were up 16 cents, or 0.3%, at US$49.87 per barrel, the highest since June 30.

The price rises put both crude benchmarks on track for sixth consecutive session of gains.

Oil prices have risen around 10% since the last meeting of leading members by Opec and other major producers, including Russia, when the group discussed potential measures to further tighten oil markets.

"A combination of factors seems to be driving the newly found optimism. U.S. inventories are showing massive drawdowns, Saudi Arabia seems intent on playing its role as the world's swing producer (and) impending sanctions on Venezuela by the U.S. will almost certainly be oil price supportive," said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore, was quoted saying by Reuters.

The United States is considering imposing sanctions on Venezuela's vital oil sector in response to Sunday's election of a constitutional super-body that Washington has denounced as a "sham" vote.

But traders said the biggest price supporter was currently a tightening US oil market.

WA either is purposely blocked to slow it down to collect more...or too many contra players waiting to sell...high volume at 0.645 and 0.65....

VS-WA got more contra player, move slower....VS 2.2 road block gone.....flying....

me three...

The subscription will not have a material impact on its net assets, earnings or gearings of the VS Industry Group for the financial year ending July 31, 2017, it added. VS Industry also inked an agreement with VSIG to underwrite all rights shares not subscribed by other shareholders. "The proceeds raised from this proposed exercise [will] allow us to expand and enhance our manufacturing capabilities and capacities of our plants in Zhuhai, China. VSIG is currently in advanced talks to potentially secure multiple large contracts. This opens up yet another new chapter for our China operations;' said VS Industry managing director Datuk SY Gan in a statement. "We believe we are on the cusp of rapid growth over the next few years. When our new contracts materialise and start contributing to our earnings, it will elevate WIG to the next level of growth ... which will ultimately benefit VS [Industry] as well, being the largest shareholder and holding company of VSIG," he added. Gan, together with other key shareholders of VSIG, Datuk Beh Kim Ling and Datin Gan Chu Cheng, who collectively hold a 9.7% stake in VSIG, also gave their undertaking to subscribe for their respective allocations.