KUALA LUMPUR (July 20): VS Industry Bhd’s 43.49% Hong-Kong listed associate VS International Group Ltd (VSIG) has undertaken a one-for-four rights issue totaling a minimum of 459.95 million shares, to raise a minimum of HK$102.8 million (RM56.41 million).

VS Industry said it will subscribe 200.02 million shares or 43.5% of the right shares worth HK$46.01 million (RM25.25 million).

Furthermore, VS Industry had on July 19 inked an agreement with VSIG to underwrite all the rights shares not subscribed. “The subscription to the rights issue is funded entirely via borrowing from financial institution,” VS Industry said in a Bursa Malaysia filing today.

Concurrent with the announcement, VS Industry had halted its shares from trading from 9am to 10am today.

The rights issue, amounting to 20% VSIG’s enlarged share capital, is priced at HK$0.23 apiece, which VSIG said is at a discount of 10.85% to its unaudited consolidated net tangible asset value per share as at Jan 31, 2017.

It is also at a discount to its five- and ten-day average and last traded price, VSIG said. “The Subscription Price was arrived at after arm’s length negotiations between the Company and the Underwriter, with reference to the prevailing market price of the Shares prior to the Last Trading Day,” it added.

VSIG, a plastic and electronic products manufacturer, will use the proceeds from the rights issue to repay borrowings (HK$35 million), to improve production and storage capacity (HK$44 million), and for general working capital.

As at noon market break, shares of VS Industry were up 3 sen or 1.5% at RM2.03, giving it a market capitalisation of near RM2.4 billion.

SINGAPORE: Khazanah Nasional Bhd has launched a RM$571mil to RM$581mil (US$133mil to US$136mil) block in CIMB Group Holdings Bhd in the RM6.31 to RM6.42 per share range.

The price represents up to a 1.7% discount to the pre-deal close.

Around 90.5 million shares, or 1% of the share capital, are being sold in the block. There is an undisclosed upsize option depending upon the response to the offer.

There is a 60-day lock-up on Khazanah, which owns 29.1% of CIMB.

CIMB and JP Morgan are joint book runners. - IFR

now only next q result can help to push the price up.....perhaps the boss know their business doing well so they brought some....long term counter....

Petron’s Ang sees Malaysia gold as profit jumps on expansion

(July 13): Amid a slump in the price of oil, Petron Malaysia Refining & Marketing Bhd has recorded a surge in profit that will get even better as the company initiates expansion plans, according to Chairman Ramon Ang.

Ang, 63, who is also the president of Petron Corp, the Philippines’ largest oil company, said the profit trend at its Malaysian unit will continue after it completed plant repairs and rebranding of its gas stations last year. In May, Petron Malaysia reported first-quarter profit jumped to 108.5 million ringgit (US$25.3 million), from 16.6 million ringgit a year earlier. Shares of the company gained as much as 2.3% in Kuala Lumpur, after the market opened.

“Moving forward, we believe the profit will be better,” Manila-based Ang said in an interview on Monday. Petron is part of the larger San Miguel Corp, one of the Philippines’ biggest companies, with interests ranging from energy and infrastructure to beer.

The jump in profit underscores wider margins and improved operating efficiency in the Malaysian downstream business bought from Exxon Mobil Corp for US$610 million in 2011. The company is also in the midst of finalising plans to upgrade the Malaysian refinery to meet Euro-5 and, later, Euro-6 standards for cleaner fuel, Ang said.

Operating income at parent Petron in the Philippines may reach between 2 billion pesos (US$39.5 million) to 2.5 billion pesos a month in the third quarter, signaling a turnaround for the company, according to Ang.

Petron Malaysia has surged 86% so far this year, making it the best performer on a gauge of Malaysia’s top 100 companies, while Petron has slid 3.6% during the same
period in Manila.

good analysis.....thanks to davidtslim......

if foreign investor due to US rate hike still continue throwing...next week will have another drop....plus ex-dividend and ESOS...might drop lower...long term investor might take chance to buy as much as possible...price will need to support by small investor....

something wrong with the market.....foreign fund throwing Malaysia stocks....Bursa also drop...plus ESOS some more....critical drop..

ESOS again...almost everyday....such a good boss almost everyday also reward his staff and himself...if they keep then hope for a good future....

LA also keep dropping....huge volume selling.....haih..

too many ESOS this stock...warrant drop very fast...

wow...mother highest price now....WE still long way behind...so stubborn....

today too many conversion and esos stocks....slowly it will climb up....

Very detail and informative write up...thanks sharing...

the price enter to oversold condition...and panic sell...good earning company shouldn't drop so much in few days...market is over react to the crude oil price....

when got good profit don't want to sell...keep it thinking can earn more....now drop till get nothing...really don't greedy.......when drop hope for rebound, when up hope can up more....

16-Jun-2017 Acquired 10,000,000
Registered Name Koon Poh Weng

16-Jun-2017 Acquired 10,000,000
Registered Name MADAM CHAN POH CHOO

Another 20M share purchased by shareholder, total purchase from shareholders and directors 42M share

Directors purchase is better than company share buyback...Directors showing confident at the same time company cash remained available for future expansion...

Directors are showing good confident to the company...brought 22M share at 2.70....

16-Jun-2017 Acquired 10,000,000
Registered Name Koon Poh Weng

16-Jun-2017 Acquired 6,000,000
Registered Name Koon Poh Kong

16-Jun-2017 Acquired 6,000,000
Registered Name Dato' Koon Poh Tat

kaput ady....bad market...panic sell...

park 8m at 5.39....dont let it move up....

美頁岩油噴發！下月產量料創空前高、未來續增2倍

美國頁岩油銳不可擋，估計下個月產出將打破空前紀錄，之後產量還會繼續提高，到了2020年代產出可能倍增至1,200萬桶之多。

ZeroHedge 12日報導，美國能源資訊局(EIA)估計，今年六月美國頁岩油每日產出為534.8萬桶，和2015年七月相比，出現兩位數成長。EIA估計七月份頁岩油產出將續增至547.5萬桶(圖表見此)，打破2015年三月歷史新高的546萬桶。

而這還只是開始，高盛表示，美國頁岩油的損益兩平成本價，每個月不斷降低，未來四年將追上石油輸出國組織(OPEC)成員，足以和產油成本最低的沙烏地阿拉伯、伊朗、伊拉克競爭(圖表見此)。高盛報告稱，2020年代，頁岩油產出將增至1,200萬桶。詳細來說，美國三大頁岩油產區(二疊紀盆地、鷹堡、巴肯)，加上Cana Woodford與DJ Basin，2020年為止每年產量增加80萬桶，2021~2025年間每年續增70萬桶。估計產出成長將在2030年左右觸頂。

高盛表示，面對頁岩油步步進逼，OPEC因應之道是讓油價長期處於低檔。但是沙烏地阿拉伯油品公司(Aramco)即將進行股票初次公開發行(IPO)，沙國處心積慮拉高油價，不太可能接受此種做法。

6月12日紐約商業交易所（NYMEX）7月原油期貨上漲0.6%、至每桶46.08美元。歐洲ICE期貨交易所近月布蘭特原油上漲0.3%、至每桶48.29美元。

美國頁岩油出現新突破，潛能或許更勝頁岩油主流技術–水力壓裂法(fracking)！蘊藏在頁岩淺層的重油，原本由於質地過於黏稠、岩層壓力過低，開採不易，新研發的技術不只能取出原油，成本更不到20美元。

OilPrice、Petroteq Energy新聞稿稱，美國德州的二疊紀盆地(Permian Basin)是美國頁岩油產量最豐富的地區，此區的Wardlaw油田蘊含1億桶原油，之前受限於技術，乏人問津。如今油商Petroteq Energy和Galex Energy Corp開發出新方法，能以低廉成本取得原油。

由於Wardlaw油井離地近，可採傳統的垂直挖掘法，每口油井開挖成本只需2.5萬美元，遠低於二疊紀盆地油井的平均挖掘成本500~933萬美元。不只如此，加上開挖之後的維護生產費用，每口油井成本也只要6.5萬美元，等於原油的損益兩平價為16.25美元，就算油價跌至25美元也能獲利(全文見此)。

＊編者按：本文僅供參考之用，並不構成要約、招攬或邀請、誘使、任何不論種類或形式之申述或訂立任何建議及推薦，讀者務請運用個人獨立思考能力，自行作出投資決定，如因相關建議招致損失，概與《精實財經媒體》、編者及作者無涉。

ESOS again...big amount some more...tomorrow might be another red day...but is good chance to collect...

2.75 semakin kurang...makan habis akan naik tinggi....ini kali la...yakin dgn Pmetal....

akhirnya dia naik balik....keep the momentum and up to RM 3.....

hope coming qr and dividend will boost up the price..

tomorrow exercise of warrants again...

this share also goreng ady.....EPF 1 day and another day sell....up and down..

aseng

good and simple comparison...

So everyone with Pmetal share will get 1:1 new share for NEWCO?

ENTITLEMENT DATE FOR THE EXCHANGE OF ALL LISTED SECURITIES OF PRESS METAL BERHAD ("PMB" OR THE "COMPANY") WHICH ARE IN EXISTENCE ON THE ENTITLEMENT DATE ("PMB SECURITIES") WITH NEW SECURITIES IN A NEW INVESTMENT HOLDING COMPANY, PRESS METAL ALUMINIUM HOLDINGS BERHAD ("NEWCO") ("NEWCO SECURITIES"), VIA A SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 ON THE BASIS OF ONE (1) NEWCO SECURITY FOR EVERY ONE (1) EXISTING PMB SECURITY HELD ("SECURITIES EXCHANGE")
Amount 1 : 1
Ex Date 21-Jun-2017
Entitlement Date 23-Jun-2017

today is expiry day.....if buy today can't get dividend......if sell today still can get dividend...

last day to buy and get the dividend....

aseng

ya...election is coming perhaps.......feel like everyone is throwing the stock no matter what price and just want to get the money out...can make the whole market become red...maybe big funder like EPF..? to cash out and need cash to spend...

market is very very bad...something not right with Bursa...all red since last week... KLSE still maintain below 1750...but all stock drop more than 10% - 15%...

heavily oversold....RSI and MFI all indicated oversold....

That is direct purchase...acquire...if transferred it is just show transfer...
MR KOON POH WENG 30-Nov-2016 Transferred 20,000 0.000

qr out.....good result.....revenue 2,556,604,000 net profit 108,537,000 eps 40.20

Recovered Aluminium Prices, Internal Cost Measures Buoy Rusal’s Q1 Results

13 MAY 2017 BY STAFF

Russian Federation aluminium titan UC Rusal released first-quarter results on Friday. Though production numbers remained approximately level, the recovery in the aluminium market coupled with internal cost consciousness contributed to solid gains on the firm’s financial bottom line.

Rusal turned in US$2,297 million in revenue during the quarter, up 20% from US$1,194 million in the first quarter of last year, and up 13.3% quarter-on-quarter from Q4’s total of US$2,027 million. Adjusted EBITDA came in at US$475 million, a 52.2% increase year-on-year from last year’s first-quarter number of US$312 million, and up 15.3% quarter-on-quarter from Q4’s adjusted EBITDA of US$412 million.

Adjusted profit for the quarter totaled US$263 million, a staggering 874.1% explosion past last year’s Q1 total of US$27 million and a still-impressive quarter-on-quarter increase of 497.7% above Q4’s total of US$44 million.

Rusal chalks up the better financial numbers to a rise in LME prices and an increase in sales in the quarter. It also credits operational efficiency and cost discipline for internal upward pressure on bottom-line numbers in the quarter.
Production in the quarter ranged from roughly level to down slightly. Rusal turned out 910 thousand metric tons of primary aluminium in the first quarter, 0.7% off from last year’s first-quarter total of 916 thousand metric tons, and down 2.1% from Q4’s total aluminium output of 930 thousand metric tons. Alumina production totaled 1,889 thousand metric tons in Q1, up by a slight 0.9% from last year’s first-quarter production of 1,873 thousand metric tons, and down 2.6% from the prior quarter’s total of 1,939 thousand metric tons. Bauxite production for the quarter came in at 2,869 thousand metric tons, a drop of 4.7% from last year’s first-quarter harvest of 3,009 thousand metric tons, and up by 1.0% quarter-on-quarter above Q4’s total of 2,841 thousand metric tons.

“The first quarter of the year marked another strong period for RUSAL,” opined Rusal’s CEO Vladislav Soloviev. “Revenue increased by 13.3% quarter-on-quarter (“QoQ”) to USD2.3 bn, with VAP sales growing +7.8% QoQ supporting our topline. Adjusted EBITDA grew by 15.3% QoQ to USD475 mln, while Adjusted EBITDA margin remained healthy at 20.7% despite the negative impact of local currency appreciation on RUR-denominated costs. As a result the Company posted a strong Recurring Net Profit of USD434 mln, almost 3-fold increase year-on-year (“YoY”).”

“In the period, the Company significantly improved its debt profile through the successful placing of a debut Eurobond tranche and Panda bond tranche,” Soloviev went on. “Our first Panda bond placing meant that RUSAL became the first overseas company with global operations outside of China to enter the Chinese bond market. Post the period end, the Company also placed its second Eurobond issue. Our success in the debt markets demonstrates the confidence the financial community has in RUSAL and further reinforces the investment case and growth strategy underpinning the Company.”

“The aluminium market remained in robust health in the first quarter, with ex-China aluminium demand growing by 3.4% in 1Q 2017 YoY,” Soloviev remarked. “Demand in China grew by 7.5% in 1Q 2017 YoY. Aluminium demand is on track to grow by 5.0% to 62.7 mln tonnes in 2017, supported by positive economic developments globally, all of which leaves RUSAL well placed for the year ahead.”

How Are Major Aluminum Producers Outside China Performing?

Costs, however, have remained a bugbear with electricity prices, transportation – principally railways, and other raw material costs rising in Q1, in part due to rising commodity prices but also due to a 6.7% strengthening of the ruble.
Nevertheless, demand growth remains robust, and supply outside China remains relatively tight with the forward market spreads not favouring the roll-over of stock and trade storage of primary metal with only a 3.5% margin over 18 months.
Much will depend on China going forward and how seriously Beijing continues to pursue its policy of clamping down on environmental non-compliance and limiting new smelter investment. Aluminum demand in China grew at 7.5% in the first quarter, according to Aluminium Insider, and it is growing at 5.0% in the rest of the world.
Prices may have slipped back of late but that was probably to be expected after the surge of enthusiasm following Beijing’s clampdown. As the realisation sinks in that China’s winter heating period closures are still six months away, some softening is to be expected.

from earning money bcome losing money....this is real life...up and down....with dividend and good qr...

some big fund selling commodities stock? all profitable qr good stocks free fall...choobee, annjoo, pmetal all drop ab-normal.

i think is purposely press down......small amount sold at 1.66 and big amount bought at 1.67... then repeat again....mayb is chance to collect low...

commodities stock all drop this 2 days.....

someone keep throwing....push down the price...

same like choobee....both also drop like no tomorrow....both steel counter....good result also drop....those bad result counter everyone rush to buy and goreng...

wa...drop like this...panic sell or wat....

Shell to sell RM13bil stake in Canadian Natural - sources

Read more at http://www.thestar.com.my/business/business-news/2017/05/24/shell-to-sell-rm13bil-stake-in-canadian-natural---sources/#pIIarOZwySYOx5lP.99

PARIS/BEIJING: Chinese automaker Geely has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom, sources said on Tuesday, beating out rival bidder PSA Group.

http://www.thestar.com.my/business/business-news/2017/05/24/chinese-carmaker-geely-to-acquire-malaysias-proton/

DRB-HICOM BERHAD

Kindly be advised that at the request of DRBHCOM, trading in the Company's securities will be suspended with effect from 9.00 a.m., Wednesday, 24 May 2017 pending an announcement.

As such, all structured warrants relating to DRBHCOM will also be suspended at the same time.

No doubt Datuk Beh is taking care the employee...ESOS at 0.70...