Great sharing myview

Thursday 07/01/2016

Company changing name to “Vivocom Intl Holdings Berhad” to reflect its emergence as a formidable regional construction group.

PETALING JAYA, Jan 7 (Bernama) -- Instacom Group Berhad has announced that, despite challenging market conditions, its recent private placement exercise saw an encouraging take up rate with strategic investors.

To recap, Instacom had previously announced that up to 10% of the issued and paid-up capital of the company will be issued under this private placement exercise.

The placement was done at 25 sen per share which represented a discount of approximately 9.71% to the five (5)-day weighted average market price of Instacom Shares up to and including 16 December 2015. The said date was the last traded day of Instacom Shares immediately preceding the price-fixing date, of RM0.2769 per Instacom share.

The success of this private placement exercise meant that Instacom had raised proceeds of RM33.75 million, further contributing to its cash balance of RM37.99 million as per the company's latest quarterly report for the financial period ended 30 September 2015.

Instacom has a strategic relationship with CRCC Malaysia, a subsidiary of China’s construction behemoth China Railway Construction Corporation Ltd, and is their in-house contractor as well as their Project Delivery Partner in Malaysia.

Its recently awarded notable projects include a RM116 million project in Gombak and two projects totaling RM378 million related to the 1Gateway project in Klang and 1Pavilion Hilltop in Mont Kiara, Kuala Lumpur.

These projects together with the company's current order book are expected to give a strong earnings visibility until end-2017 and beyond.

Growing strongly despite market turbulence

Instacom's Joint Chief Executive Officer Dato’ Seri Dr Yeoh Seong Mok expressed his pleasure with the success of the public placement exercise and “more so given that it happened at a time when the stock market is in turbulence.”

He added that the successful private placement exercise shows to the market that investors who took up the shares have confidence in the company’s bright prospects, hence the encouraging take up rate.

“Besides the projects awarded to us, CRCC has also submitted biddings for various mega projects throughout Malaysia and Indonesia worth billions. Some of these projects are currently awaiting award outcomes, being in various and some in final negotiation stages.

“As the in-house contractor and PDP for CRCC, I am confident of winning more projects from the Conglomerate in the event some of these mega projects are awarded to them,” Dato’ Seri Dr Yeoh further elaborated.

An exciting year ahead for investors and shareholders

Dato’ Seri Dr Yeoh further reassured investors and shareholders for an exciting year ahead.

“Besides the construction projects secured, Instacom’s telecommunications arm also recently secured RM29 million contracts to build towers in Sabah, Negeri Sembilan and Perak,” he said.

“Our Group’s other core business of high-end aluminium manufacturing is also currently growing strongly,” he added.

Meanwhile at its Extraordinary General Meeting, shareholders approved a change in the company’s name to “Vivocom Intl Holdings Berhad”.

The Proposed Change of Name is to strengthen the Company’s brand image and to better reflect the Company’s focus and aspiration to be a formidable regional construction group.

“EXCELLENT BUYING OPPORTUNITY”

In another development, CIMB Research has described the current share price of Instacom as an “EXCELLENT BUYING OPPORTUNITY”.

“Investors should take advantage of the current price weakness to accumulate Instacom shares. We continue to believe that Instacom is a direct proxy for increasing Chinese FDI in Malaysia,” said the research house.

CIMB has a target price of 67 sen for Instacom, giving rise to potential upside of double and beyond the current level of approximately 30 sen.

Yesterday the company was the leading performer on Bursa Malaysia with a volume of 175 million shares transacted and closing at 30 sen, up 1.5 sen from the previous day.

SOURCE : INSTACOM GROUP BERHAD

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Choo Seng Choon
Executive Director of Instacom Group Berhad
Email : sengchoon@instacom.com.my

--BERNAMA

KUALA LUMPUR: SYF Resources Bhd, which is looking to launch property projects with a total gross development value of RM500 million in Sungai Long and Semenyih in the next three to four years, plans to start paying out dividends again by 2017 at the earliest.

The furniture manufacturer last paid dividends a decade ago. SYF ventured into the property development business in 2012.

"We feel our first objective is to bring up the numbers to a respectable level. To do that, we've to plough in a lot of cash and that means we have to sacrifice the dividend," said SYF executive director Cheong Yee Kiong.

"If we pay dividend, we have to borrow. If we borrow, our gearing goes up and it eats into our profits. We feel the right time is not now. When we don't have to grow so fast anymore and we have a certain level of earnings, then we can allocate some of the cash resources for dividend," he explained.

Executive director Datuk Seri Chee Hong Leong said for this year alone it plans to launch two projects in Sungai Long, which will have a GDV of RM100 million each.

SYF's unbilled sales currently stands at RM200 million.

"We're looking at RM500 million of GDV coming in from the property side, or about RM100 million a year. We've sufficient landbank to generate profits that we think are sustainable and we're looking at double-digit growth for the next few years," Chee told a press conference after its AGM here yesterday.

For the financial year ended July 31, 2015 (FY15), property development made up about 26% of SYF's revenue, while rubberwood furniture contributed the bulk of its revenue at 64%.

"For 2016, property will be driving the business but in the long run, we still see manufacturing as the stability factor," Chee said.

However, he cautioned that the property sector can be cyclical but added that SYF is here for the next few years and the property sector would have improved by 2018 or 2019.

"For the next four to five years, our property side will be quite stable and demand in the location that we're selling is not going to drop," said Chee.

SYF is focused in the areas of Sungai Long, Semenyih, Kajang and Cheras, with a preference for undertaking property development projects on a joint-venture basis.

"SYF is trying to be lean in the purchase of properties so that we do not gear up," said Chee, adding that the group has a gearing of 0.4 times.

I always said from the beginning, instaco wb = win big

Love2trade2, why would a multi millionaire or perhaps billionaire would just sell for a pathetic 0.05 sen profit which is just pathetic 20% gain? Pls dont think like a peanut when our head arebigger than a watermelon.

Have to attend agm to get first hand good news! Or else friday then only announce.

Richardcslim just do some donation if you dont know how to guide people. 30% profit goes to charity, 30% buy wishlist, 40% reinvest

Seacera target 1.50, hope can sell by end of january

Instaco wb target 0.16, hope can sell by next month

Syf target 0.7, hope can sell tomorrow

Genetec sold after hit my target 0.30

Richardcslim! Cheers! My rule of thumb is if you can guide people to make money then god will point you in the right direction and earn more money than people who you had guided!

Tips for instaco fans, buy seacera and hold for 2 weeks. You will reward handsomely.

Cheers myview. At last our prophecy become true. So, who is the one that mislead people in this forum?

Now is just stage 2 only already sell all?? Oh my god...you should let the profit run. Shouldnt sell all. At least keep 50% remaining

Epf not value cap

seriously weewee22??

Lets go slow and steady. There are ways or strategy or tactic to push up any kind of stock regardless of the number of share.

Instaco WB = win big

Tomorrow change of name!!! Cant wait after its become vivocom!!

need to wait till closing then only know.

Happy new year!! All the best hunterdom84

yeah tree2, i heard rumours about the other 2 PP investors, who are Tan Sri and co-operate with DS Yeoh before.

Hope vivocom can get some project from bandar malaysia

Lim Kang Ho's IWCity Secures Bandar Malaysia
Our Reporter few seconds ago
Kuala Lumpur : 1Malaysia Development Bhd (1MDB) has agreed to sell 60% of its equity‎ in Bandar Malaysia Sdn Bhd for RM7.41 billion to a consortium led by Tan Sri Lim Kang Ho's Iskandar Waterfront and China Railway Engineering Corporation (M) Sdn Bhd.

Iskandar shares are up 4.5 sen to RM1.04 a share. The stock is poised for a revaluation after the New Year, and is seen as one of the leading bull stock of January 2016.

happy new year to you too tree2. Im still holding insta WB before bonus issue until now

Hi tree2, great to see you again.

Those that dont believe in this stock just sell and move on to other stock!! in stead of comment non sense in this forum!! worst still is bad mouth about people's family. Hope i3 can banned this user based n their ip address.

weewee22, vivocom is specialize in aluminium frame window and metal structure which IWK dont have.

wait till change of name first, which is 6/1/2016, more news and contract awarded will announce. If CRCC & IWK win the Bandar Malaysia bidding, then vivocom will stand a very good chance in securing more project. This hasnt take into account yet.

Kuala Lumpur : SYF Resources Bhd, is not a stock which has a history of giving good returns for a contra trader, but this could change for a limited time only.

A window of opportunity has been opened up for the contra trader, namely because starting next week, at least three research reports are due on SFY Resources. MyBursa was told that the company's shares will be valued closer to RM1, and beyond. Also on the 7th of January, SYF will be holding its annual general meeting, with all major newspapers invited for the function.

Clearly, the company is out to impress upon potential investors such as the Employees Provident Stock, that this is company, that is aiming within the next 24 months to be a RM1 billion capitalised company, helped by sustainable earnings and some neat corporate exercise.

well said myview.

Kuala Lumpur : SYF Resources Bhd, might have taken some baby steps here and there to crawl up t0 63 sen a share, its highest close in 52 weeks, but clearly these gains are a small drop, compared to what its peers have been doing throughout 2015.

Look no further than Heveaboard Bhd, the stock is up 285.54 per cent year todate at RM1.60 a share , while SYF is up year todate by only 43.18 per cent.

Clearly, SFY is no where near the top end, where the likes of Mieco and Heveaboard are now, and with the company promising that profits will double this year, and this too coming back from a year , when profits stood at record levels, the game in SYF, has now changed.

SFY must now shoot for the stars, in a game where this stock must at minimum double up from its lowest ebb of 37 sen a share, to prove that there is indeed justice in saying that before January 2016 is over, SYF will trade above RM1.01 a share.

Cheers 58671398. Working on something. Need another quarterly report to confirm before reveal

Instaco is gonna rocking up soon

Special for syf investor. Cheers padawan.

Pls mind your word desa2020. Dont simply say things that is not proven. If it is like what you said, then why they still get the funding from new government&president for this all new project. Dont say things that make yourself look stupid.

Cheers nina!!

Kuala Lumpur : Cometh the hour, cometh the man, and true to form SYF Resources Bhd have risen to the occasion, by fully selling off phase one of its Lavender Residence Project, one month before its official launch.

The first phase compromise 200 units, with each unit priced at an affordable RM500,000 a unit. MyBursa was told that all the units have been snapped up by eager buyer's looking to make a long term killing in rental income, because the project is located a mere 1,000 meters away from the main UTAR collage in Sungai Long.

Rental per apartment in the nearby area is about RM2,500 a unit, and with the first phase fully sold off, SYF which has already started pilling works, can expect to pocket some RM100 million.

In total, there will be some 1,000 units from the high rise apartment project, and SYF, MyBursa was told expects a 100 per cent take up for each of its launches, which in turn will bring in some RM85 million in profits for the company.

On the trading side, there is some 33 million shares due for their T4 settlement today, but based on the expected steep rise in SYF's profits for 2016, and with the company working on a dividend plan for the following year, it looks like the smart money will be on SYF.

If indeed, the company's shares manage to stay at this level, then expect some action soon, as a slew of research reports on SYF are expected to hit the streets soon, just in time for its annual shareholders meeting, which by the way is just 11 days away. Happy Trading!!!

if wanna win big, buy instacom wb = win big

Padawan, i give a very big like!

Merry christmas & Happy Holiday to all SYF supporter!!! All the best and looking forward to next week!! Cheers!!

Merry christmas & Happy Holiday to all instacom supporter!!! All the best and looking forward to next week!! Cheers!!

Thanks myview.

Stock will never move up in a straight line. Is everyday sunday?

How do we know if someone is suspended?

With all these catalyst in place, rm 1.00 mark is achievable before June of 2016.

So when is the righ time for bonus issue? For me personally, its January 2016. End of December which is now = window dressing, so this is the best opportunity to invite Fund Manager and there are project which worth rm500mil to launch in 2016. The Best time to launch a project from marketing point of view is during Chinese New Year. The easiest way to gather crowd with festive season mood.

If EPF and other fund are confirm to invest in SYF, even value cap might be one of them. Im sure bonus issue will be the part of the attracting offer to Fund Manager. So bonus issue in 2016 & 2017 implement of dividend policy for SYF.

Kuala Lumpur : SYF Resources, broke two barriers today, first the 58 sen hurdle and then the 60 sen level.

The research reports on SYF's analyst briefing is not out yet, and hence there is momentum left for this stock to move closer to 70 sen before it takes a break.

SYF will need one more quarter of strong growth if funds are to buy in. With that, there options to do some form of corporate exercise, perhaps even a bonus issue, if the stock can climb up to RM1 a share.

Do that, and before 2016 is over, we might be looking at a SYF with a market capitalization of RM1 billion, and value and wealth creation for its shareholders. It is still early days, but MyBursa's next big thing have more than a fair chance of being one of the top stocks in the first 5 months of 2016.