The Board of Directors of Willowglen MSC Berhad (“the Company”) is pleased to announce that on 22 September 2017, the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded a contract valued equivalent to approximately RM7,266,000 by SK E&C (Singapore Branch) for the Design, Construction and Completion of North-South Transmission Cable Tunnel – Contract NS2.

The commencement date of the contract is on 22 September 2017 and will be completed by 3 June 2018. The contract is expected to contribute positively to the Group’s earnings and net assets per share for the financial years ending 31 December 2017 to 2018.

The contract is not renewable and the risk in respect of the contract is the normal business risks.

None of the directors and / or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the new contract awarded. 



This announcement is dated 25 September 2017.

which logistics company?

the above is fr the star newspaper

According to sources, the logistics company that Lay Hong was looking at has some 12 transhipment points within the Klang Valley, Penang and Johor.

“It also has a partnerships with convenience stores and has some 1,000 drop points throughout Malaysia,” said the source.

“The logistics company is in the process of constructing a 200,000 sq ft warehouse that will be ready by next September.

“Furthermore, this warehouse will also contain a cold room facility which is perfect for Lay Hong’s food delivery plans.”

http://www.theedgemarkets.com/article/ijm-corp-gets-rm451m-job-design-and-build-uob-tower-2

magnum AGM on 26 May(friday), make noise in the AGM. Ask board to pay dividend.

Mineral water producer Spritzer Bhd announced that FMR LLC, part of United States-based Fidelity Investments, has emerged as a substantial shareholder after it acquired 38,100 shares in the open market.
This boosted FMR's holdings in Spritzer to 9.25 million shares, equivalent to a 5.07% stake. FMR's share acquisition in Spritzer was part of a simple portfolio of investments, the company said.
Headquartered in Boston, Fidelity Investments is the fourth largest mutual fund in the world, with presence in eight other countries across North America, Europe, Asia and Australia.

Sugar price hike prompts CIMB Research to upgrade MSM :
sources of news : http://www.thestar.com.my/business/business-news/2017/03/02/sugar-price-hike-prompts-cimb-research-to-upgrade-msm/

知情者透露，成功食品（BJFOOD，5196，主要板貿服）已脫售蒙虧多時的肯尼羅傑斯餐廳（Kenny Rogers Roasters）。



來自內部的消息人士告訴《中國報》，成功集團（BJCORP，3395，主要板貿服）旗下成功食品，近日已脫售肯尼羅傑斯餐廳。

不過，成功集團和成功食品至今未在大馬交易所網站，作出相關公布。

《中國報》就此向成功集團查證，該公司發言人透過電郵簡短回應稱：“至今沒有最新進展，無法進一步評論。”



值得一提的是，市場早在去年就傳言，成功食品有意出售肯尼羅傑斯餐廳。

肯納格證券研究在去年的分析報告中指出，若出現買家且售價也合理，不排除成功食品會脫售肯尼羅傑斯餐廳，以免后者再拖累公司盈利表現。

成功食品截至10月底的首6個月，淨利按年跌18.5%，至1004萬令吉

累积亏损待售．普腾有79亿抵税优惠
普腾数年累积亏损数十至百亿令吉，濒临破产边缘，这也促使中国奇瑞汽车的收购更显吸引力，更鲜为人知的普腾有一笔79亿3000万令吉的抵税优惠（tax credit）。

（吉隆坡11日讯）普腾数年累积亏损数十至百亿令吉，濒临破产边缘，这也促使中国奇瑞汽车的收购更显吸引力，更鲜为人知的普腾有一笔79亿3000万令吉的抵税优惠（tax credit）。


《The Edge》周刊透视普腾财务报表发现，普腾在2016年3月31日截止财政年有79亿3千万令吉未进账抵税优惠；基于持续亏损，这笔抵税优惠可轻易超越80亿令吉。

“这巨额可让普腾享长时税务假期，并利惠母公司多元资源工业（DRBHCOM,1619,主板工业产品组），乃至潜在策略伙伴（转亏为盈时）。”

这笔巨额税务假期，是指普腾可获豁免的税务。

税务专家说，2016财政年普腾有33亿8700万令吉为未使用税务亏损，23亿3100万令吉为未吸纳资本奖掖和21亿4千万令吉未使用再投资奖掖；其中又以33亿8700万令吉未使用税亏最易变现（monetize）。

“潜在多元资源工业新伙伴可注入任何有盈利业务进入普腾，而使用该笔33余亿税亏，这与很多公司把有盈利业务注入空壳公司一样正常。”

KUALA LUMPUR: CCM Duopharma Biotech Bhd (CCMD) will deliver RM300mil of human insulin to the government over a three-year period under the Health Ministry's off-take agreement programme.

It said on Wednesday the government had acceped the tender offer from Biocon Sdn Bhd to manufacture and supply the insulin. Biocon had appointed its unit CCM Pharmaceuticals Sdn Bhd to be the reseller.

“The letter of award shall be for a period of three years commencing on Dec 2, 2016 until Dec 1, 2019 with a total contract value of RM300.04mil,” CCMD said.

The letter of award will allow CCM Pharmaceuticals to provide the front-end sales, marketing, distribution and support services for the supply of Biocon’s human insulin formulation to all the government's hospitals and Klinik Kesihatan.

“With an estimated 3.5 million diabetics in Malaysia, of which about 350,000 patients are treated using human insulin in government hospitals and clinics.

“Biocon and CCM Pharmaceuticals hope to improve diabetes management in the country by providing high quality and cost effective biosimilar insulins,” CCMD said.

Biocon is a unit of Biocon Biologics Ltd, UK which is in turn a wholly owned subsidiary of Biocon Ltd, India.

Read more at http://www.thestar.com.my/business/business-news/2017/01/25/ccm-duopharma-to-supply-rm300m-human-insulin

Aemulus to invest RM25mil in R&D over next 3 years.


PETALING JAYA: Aemulus Holdings Bhd plans to invest RM25mil in research and development (R&D) over the next three years following the purchase of a piece of land in the Bayan Lepas industrial estate, Penang.

Aemulus, which designs and assemble automated test equipment and test and measurement instruments, said in a filing with Bursa Malaysia that it is buying 1.62 acres in the industrial park for RM9.93mil.

It had signed a sale and purchase agreement with the Penang Development Corp to buy the land, which works out to RM140 per sq ft.

This was based on the strategic location and prevailing market value of the same in the area surrounding the land.

The move would enable Aemulus and its subsidiary to build and have its own corporate office building in Bayan Baru and Batu Maung under one roof.

With the new building, Aemulus said it could expand its R&D, attract and retent talents based on its strategic location, and enhance its supply chain management.

“Aemulus plans to invest RM25mil for the next three years in R&D in this project. The corporate office and design centre with built-up area of 50,000 sq ft are expected to be ready by December 2018,” it said.

It added that an area of 6,000 sq ft would be dedicated to its Leap-O-Pad programme.

“In line with Penang State@CAT objectives, the programme encompasses start-up accelerators, mentorship and the provision of laboratory and workspace,” it said.



the star

Tuesday, 24 January 2017 the star

NWP eyes 15%-20% rise in turnover



KUALA LUMPUR: Timber-based, NWP Holdings Bhd, is eyeing an increase of between 15% and 20% in turnover this year, driven by the continuous demand for timber and timber-based products especially from China.

Last year, turnover stood at RM13 million, said executive director Wong See Ming.

“The outlook for this segment is good and we hope to achieve the target as 80% of our exports are to China,” he told reporters after the company’s annual general meeting here yesterday.

The remaining 20% of exports go to the United States and Europe.

For the financial year ended Aug 31, 2016 (FY16), the company recorded a pre-tax loss of RM2.99mil while revenue stood at RM12.68mil.

“With the new ventures into the construction and aviation segments last year, we hope to see a better performance or turnaround for this coming FY17 compared to FY16.

“For the construction segment, we forecast between 15% and 20% margin contribution from the RM22mil condominium turnkey project in Melaka to the FY17 results,” he said, adding the project was expected for completion in two years.

The project involved a nine-storey tower block comprising 160 units of serviced suites in Pekan Klebang, Malacca.

Meanwhile, for the aviation segment, Wong said NWP had recently acquired a 30% equity interest in Aviation A.I. Inc (AAI) for US$1.5mil.

“With the acquisition of AAI which owns a Gulfstream G-1159A aircraft, we believe it can contribute positively to our company’s future earnings as the charge for the aircraft is US$7,500 per hour,” he added.

On the contribution from each segment to the group, Wong said: “It is too early to mention, but we hope the new segments can improve our revenue going forward.” – Bernama

Shell Refining board tell shareholders to reject Malaysia Hengyuan offer
http://www.thestar.com.my/business/business-news/2017/01/19/shell-refining-board-tells-shareholders-to-reject-malaysia-hengyuan-offer/

Special dividend in the offing for AirAsia investors?

(from the star )

Maybank IB predicts windfall of 40-50 sen a share after sale of AAC

PETALING JAYA: Two days after Deutsche Bank Group called a “sell” on AirAsia Bhd that led to a slight dip in its share price, two local brokerages have issued research reports maintaining a “buy” call on the airline.

The rationale for the sell call is essentially stiff competition that will push passenger yields down over the next 12-18 months, overcapacity, the weaker ringgit and higher jet fuel prices.

It also questioned how the US$1bil price tag was derived for its leasing unit, Asia Aviation Capital (AAC) that AirAsia plans to sell in the middle of this year.

Maybank IB Research senior analyst Mohshin Alias is more bullish about AirAsia’s fortunes.

He maintains a buy on the stock and predicts a special dividend of 40-50 sen a share from the sale of AAC to investors.

“Coupled with the customary 20% dividend payout which is roughly 7 sen in 2017, AirAsia could be your biggest dividend yield stock in 2017,’’ said Mohshin.

Kenanga Research has brushed off overcapacity and other issues and has a 12-month target price of RM3.82 a share.

Its rationale was based on higher ancillary income with a target of RM60 per passenger in the long-term, healthy loads of about 85% led by strong travel demand coupled with fleet expansion.

It says even though fuel cost was rising, but it will be mitigated as AirAsia has hedged 74% of its fuel requirements for 2017 at US$59 per barrel.

Mohshin expects unit costs to improve on the entry of new Airbus A320 NEOs and believes the fourth quarter 2016 financial results to be “spectacular and says “don’t be surprised if they churn out RM400-500mil of net profit.’’

He adds that “apart from that, it is trading at only 7x 2017 PER with stellar 15% ROEs.’’

His 12 month target price is RM3.17 a share. AirAsia closed 6 sen lower in yesterday’s trading at RM2.17 a share.

Deutsche in its report said “weaker ringgit will filter through to higher costs, and higher fuel prices will also hurt. We have cut our core net profit forecast for 2017-2018 estimates by 1.3% and 16.2% over 2017-2018 estimate respectively.

As at third quarter 2016, associates in the Philippines, India and Japan were still losing money. In Indonesia, AirAsia is converting its debt into perpetual capital securities to comply with local regulations,’’ Deutsche said.

It adds that as the market becomes aware of the earnings decline that AirAsia is expected to see over 2017-2018E, we expect the stock to de-rate to the lower end of its historical valuation range.

Our target price (12 month - RM1.75 a share) is based on an adjusted EV/EBITDAR of 5 times for the Malaysian operations, which is similar to other full service carriers (Cathay Pacific and Singapore Airlines) in the region who are battling similar yield pressures.

But Deutsche also expects a lift if there is less intense competition in the market, pushing up yields to levels higher than expected, the sale of AAC resulting in a higher-than expected exceptional profit and this results in a positive sentiment lift for the stock, currencies in South-East Asia appreciating against the US dollar, especially the ringgit, and a significant decline in jet fuel prices.

Stock picks 2017

1. EKOVEST 30%
2. WCT 20%
3. SCGM 10%
4. ULICORP 10%
5. YINSON 10%
6. BJCORP 10%
7. SAPRES 10%

I received reliable sources said that no cut on 2017 special draws , they get at least 22 special draws!

any news about 2017 lottery special draws? would it be cancel or reduce?