Hi Mosiong

going to annouce today

Posted by Mosiong Wong > Jun 8, 2017 12:46 PM | Report Abuse

New contracts won by dnex announcement soon buy now cheap

[SCGM] Change In Substantial Shareholder's Shareholding - KUMPULAN WANG PERSARAAN (DIPERBADANKAN) on 07-Jun-2017
Date of Change Type Number of Shares
05-Jun-2017 Disposed 12,900

Total no of securities after change
Direct (units) 6,024,650
Direct (%) 4.15
Indirect (units) 1,660,700
Indirect (%) 1.14
Total (units) 7,685,350
Total (%) 5.29
Date of Notice 07-Jun-2017

SCGM: “Sure Can” Growth Model
Author: HauToInvest | Publish date: Mon, 5 Jun 2017, 07:51 PM

When we consume packaged food and drinks, we seldom notice the manufacturers of the packaging and their businesses. SCGM Bhd (SCGM:KLS, stock code: 7247) are factories in Malaysia that process input materials such as PET, PP and transform them into consumer products in food packaging. SCGM is a very typical Malaysian founder-operated business that started almost from scratch to eventually listed in the main market in KLSE. Here is a nice corporate milestones captured from its annual report 2016.

http://klse.i3investor.com/blogs/hautoinvest/124726.jsp

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SCGM BHD (SCGM OR COMPANY) (I) PROPOSED BONUS ISSUE OF SHARES; AND (II) PROPOSED BONUS ISSUE OF WARRANTS COLLECTIVELY, THE "PROPOSALS")

SCGM BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description SCGM BHD (SCGM OR COMPANY)

(I) PROPOSED BONUS ISSUE OF SHARES; AND

(II) PROPOSED BONUS ISSUE OF WARRANTS

COLLECTIVELY, THE "PROPOSALS")
Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the earlier announcement in relation to the Proposals dated 28 April 2017.

On behalf of the Board, M&A Securities wishes to announce that the additional listing application and the draft circular in relation to the Proposals has been submitted to Bursa Securities.



This announcement is dated 23 May 2017.





Announcement Info
Company Name SCGM BHD
Stock Name SCGM
Date Announced 23 May 2017
Category General Announcement for PLC
Reference Number GA1-23052017-00058

Crude and natural gas prices jumped after the news with global benchmark Brent up 1.42 percent to $50.66 a barrel and U.S. West Texas Intermediate up 1.45 percent to $48.35 a barrel. U.S. natural gas prices quoted at the U.S. Henry Hub jumped 1.37 percent to $3.040 per million British thermal units.


http://www.cnbc.com/id/104509375

Crude and natural gas prices jumped after the news with global benchmark Brent up 1.42 percent to $50.66 a barrel and U.S. West Texas Intermediate up 1.45 percent to $48.35 a barrel. U.S. natural gas prices quoted at the U.S. Henry Hub jumped 1.37 percent to $3.040 per million British thermal units.

next week can go back to the last high DNEX - 0.69 and WD - 0.37 should be no problems

Hibiscus shares will resume trading tomorrow (May 30).

no news yet

hibiscus suspended maybe good news

why so hard sell and ask everyone to sell just relax n cheers

yes Chang206 hope for the best of the best for tomorrow QR

Oil prices were heading on Friday for a second week of gains on growing expectations that big crude exporters will extend output cuts to curb a persistent glut in inventories.

Brent crude was up 63 cents at $53.14 at 0813 GMT, after climbing to $53.20, its highest since April 21. U.S. benchmark crude oil was up 61 cents at $49.96 a barrel.



http://www.cnbc.com/2017/05/18/oil-prices-climb-on-hopes-output-cuts-will-be-extended.html

hope next week mother 0.70 n son 0.40

now coming back
Green on closing

Tomorrow mother 0.69 n son 0.365

let said mother TP1.00 then son 0.50 no worry just matter of time

SCGM Berhad - Proposes Bonus Issue and New Warrants
Date: 02/05/2017
Source : PUBLIC BANK

SCGM has proposed to undertake two corporate exercises, a bonus and a new warrant issue, to increase trading liquidity and raise new capital for the group. It plans to issue 48.4m new shares on the basis of one bonus share for every three existing shares held and also 19.3m warrants on the basis of two free warrants for every 15 existing shares held. We welcome the move as both exercises resolve the current thin liquidity issue and also strengthen its balance sheet for working capital purposes in the future. Pending the completion of both exercises, we continue to rate the company with an Outperform call and TP of RM4.26.
• Issuance of 1-for-3 bonus issue. Management has proposed a bonus issue of 48.4m new shares on the basis of one bonus share for every three existing shares held. Given the positive prospects, we believe the higher liquidity could boost share prices.
• Issuance 2-for-15 new warrants. It also plans to issue 19.3m warrants on the basis of two free warrants for every 15 existing shares held. The warrants will have a tenure of three years, exercisable any time during the period. The proposed issuance of warrants is expected to raise about RM70-80m in gross proceeds upon full exercise, and will will be used to finance its additional working capital especially when the new manufacturing plant in Kulai is operational.
• Subject to approvals. Both corporate exercises are subject to the approvals of i) Bursa Malaysia and ii) shareholders at an extraordinary general meeting. Both proposals are expected to be completed by 2H 2017.
• Valuation impact. While the proposed issuance of new warrants will dilute its EPS in the near-term, it will nevertheless be cushioned by the additional earnings contribution from the new manufacturing plant in Kulai, which is expected to increase its extrusion capacity from 36m kg/year to 62.6m kg/year. The plant is expected to be operational by June 2019. The market price and our target price will be adjusted accordingly post the bonus issue meanwhile.

Source: PublicInvest Research - 2 May 2017

SCGM proposes 1-for-3 share bonus issues
April 28, 2017 21:13 pm MYT

KUALA LUMPUR (April 28): Thermos-vacuum form plastic packaging manufacturer SCGM Bhd has proposed a bonus issue of 48.4 million new shares on the basis of one bonus share for every three existing shares, to reward shareholders.
In a filing with Bursa Malaysia today, SCGM also proposed a bonus issue of 19.36 million warrants on the basis of two free warrants for every 15 existing share.
The illustrative exercise price for the three-year tenure warrant is RM4.05, which represents a premium of about 29.39% to the theoretical ex-bonus price of RM3.13 per share, based on the five days-weighted average market price of SCGM shares up to and including April 27 this year.
Full exercise of these warrants are estimated to be capable to raise some RM78.4 million, which would be utilised as additional working capital for SCGM’s daily operation.
SCGM’s current share base is 145.2 million shares, and will enlarge to 193.60 million shares, subsequent to the bonus issue of new shares.
The group’s share base would expand up to 212.96 million shares, assuming full exercise of all warrants.
These two corporate exercises require shareholders’ approval, and is expected to be completed within two months.
SCGM’s share price fell four sen or 0.98% to close at RM4.05 today, giving it a market capitalisation of RM588.06 million. Year-to-date, the counter has risen 20.5%.
http://www.theedgemarkets.com/article/scgm-proposes-1for3-share-bonus-issues

DNEX (4456)
Price/现价 : 0.505
Target price/目标价: 0.57 / 0.80
Cut loss/止损价 : 0.435
**Syariah
Sector/领域: Trading / Services from RHB DD 25.04.17

dnex coming

Oil prices rose more than 1 percent on Thursday, on track for a fourth straight day of gains, but analysts remained cautious about record-high U.S. crude inventories.
Brent crude futures gained 58 cents, or 1.07 percent, to $54.94 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 1.08 percent, or 55 cents a barrel to $51.70. WTI touched a session high of $51.82 a barrel on Thursday.

Plastics, packaging players to gain from capacity expansion
March 30, 2017, Thursday Adrian Lim, adrianlim@theborneopost.com

KUCHING: Plastics and packaging manufacturers are poised to benefit from their capacity expansion to enhance their revenue growth over the long-term.
The research arm of Kenanga Investment Bank Bhd (Kenanga Research) in a report yesterday said their expansions across the sector will continue to drive top-line growth in the long run.
Elaborating further, the research firm said one of the companies under its coverage, SLP Resources Bhd (SLP Resources) is expected to continue with its capacity expansion plan.
“The company is planning a new manufacturing facility to increase capacity by 58 per cent to 38,000 metric tonne (MT) by financial year 2018 (FY18) and targeting to penetrate the Chinese market in the future,” it explained in a note.
Meanwhile, another packaging company SCGM Bhd (SCGM) is renting a 20,000 square feet (sqft) facility in Kulai, Johor to house two new extrusion machines, thus increasing the company’s capacity production by 44 per cent to 36,000 MT per year in financial year 2017 (FY17) ending April 2017.
The company’s longer-term expansion plans include a new plant targeted for completion in FY19 ending April 2019 which will boost production capacity by an additional 74 per cent to 62,600 MT per year.
Furthermore, Scientex Bhd (Scientex) continued to ramp up its operations with additional capacity production at its Rawang plant and Ipoh plant by the second half of financial year 2017 (2HFY17) ending July 2017.
Scientex has also invested in a new plant in the US due in the second half of 2018 (2H18) to boost the group’s capacity and sales.
“Another company, Thong Guan Industries Bhd (Thong Guan) is constantly investing in capacity expansion and research and development (R&D) to improve sales and profit margins on existing products as well as revamping its customer base to target more multinational corporations (MNCs),” it added.
“As a result, the continued expansions by plastics and packaging manufacturers should ensure their long-term earnings growth beyond FY18.”
For the plastics and packaging manufacturers financial results for FY17 and FY18, the research firm expects strong earnings growth of 25 per cent and 33 per cent for SLP Resources, 26 per cent and 29 per cent for SCGM, 18 per cent and 19 per cent for Scientex and 12 per cent and 14 per cent for Thong Guan.
Owing to the steady expansion plans backed by strong demand for plastic products, Kenanga Research believed the plastics and packaging manufacturers are going to register strong earnings growth in the future supported by more sales from increased production.
Besides that, the research firm maintained its bullish outlook on the sector due to favourable macroeconomic fundamentals.
“The plastics and packaging sector will continue to remain resilient in the near term driven by resilient demand, allowing plastic packagers under its monitoring to embark on robust capacity expansion over the next one to two years, and product innovation, translating to strong double-digit earnings growth in FY17-18,” it said.
The prospects of the sector remain strong supported by the weak ringgit environment and low resin cost which it has accounted for in its earnings estimates for plastics and packaging manufacturers under its coverage, allowing the sector to thrive on positive market sentiment.

http://www.theborneopost.com/2017/03/30/plastics-packaging-players-to-gain-from-capacity-expansion/

Now v need to have patience for sure will go up

OLYMPIA* confirmed today that it is planning to dispose of its stake in its stockbroking unit Jupiter Securities Sdn Bhd.

AppAsia: To list online shopping business on ASX. AppAsia aims to consolidate and list its online shopping business on the Australian Securities Exchange (ASX) under AppAsia Ltd (AL) by the 3Q of this year. It said the proposed public issue would raise up to AUD6m (RM20.2m) based on the issue price of 20 cents per AL share. (StarBiz)

Waiting for QR

now waiting for Sabah Shell deal to confirm

The cost per barrel is below USD 13.00 while current oil price is above USD 50.00..

"Traders will be keenly awaiting the release today of OPEC's monthly report. If production cuts are coming through as suggested, we should see oil prices push higher," ANZ bank said on Monday.

understand today got OPEC report out

SCGM - Construction of New Plant Set To Begin
Author: PublicInvest | Publish date: Fri, 10 Feb 2017, 09:45 AM

SCGM announced that it has awarded RM54m construction contract for the new manufacturing plant in Kulai. The new plant, which is expected to be completed by end-2018, will bump up the Group’s extrusion capacity by 73% to 62.6m kg/year from the current level of 36m kg/year. Once the new capacity kicks in, it is expected to lift the company’s annual product sales by more than 50%. We maintain Outperform call with an unchanged TP of RM4.00.

• Details about the new plant. Management has allocated RM125m for the new plant, which will further increase its extrusion capacity from 36m kg/year to 62.6m kg/year. The new plant is located on a 7.8-ha land (19.2 acres) in Kulai, which is 5km away from the Group’s existing premises. Construction activity is expected to be completed by end-2018. About RM11.8m has been invested for the land acquisition while the construction cost will be about RM54m. The remainder will go to the new machinery. The new plant will consist of a 3-storey office, a 2-storey factory, a 2-storey warehouse as well as ancillary building such as hostel and canteen. The new plant will accommodate i) 6 extrusion machines, ii) 10 thermo-forming machines and iii) 1 cup manufacturing machine. All these new machines are expected to arrive by July-Aug 2018.

• Funding. The RM125m capex will be funded through internally generated funds, borrowings
and proceeds from ongoing private placement. The Group currently has a net cash of RM7.1m while the ongoing private placement will raise about RM46m. We believe the remainder will derive from the external borrowings and future earnings.

• Strong pick-up in biodegradable products. In view of the regulatory bans on polystyrene foam packaging in several states effective this year, there is increasingly strong demand for the biodegradable lunch boxes and disposal hygiene cups. During the 1HFY17, the Group’s cup sales totaled RM3.4m (2QFY17: +42.8% QoQ), mainly led by the new Australia’s regulation on wine glass ban.

• Foreign labour woes. The Group has a total of 480 workers, in which foreign workers made up for 63%. The ban on hiring foreign labour last year has prompted the company to hire more local workers.

• Running at high utilization rate. The company’s current production capacity stands at 36m kg/year. The current production is running at around 33-34m kg/year, a high capacity utilization rate of 92%-94%.

Outperform call with an unchanged TP of RM4.00.

Source: PublicInvest Research - 10 Feb 2017

Thursday, 9 February 2017
SCGM set to build new facility in Kulai
KUALA LUMPUR: SCGM Bhd, a thermoform food packaging manufacturer, is set to commence construction of its new RM54mil manufacturing facility in Kulai, Johor.
The facility, spread over 7.8ha is located about 5km from the company’s existing premises, and scheduled for completion in December 2018.
In a statement yesterday, managing director Datuk Seri Lee Hock Chai said the enlarged production floor space and new machinery at the facility, would bump up the group’s extrusion capacity by 73% to 62.6 million kg per year from the current 36 million.
“As a major producer of thermoform packaging for food and beverages, SCGM has been among the key beneficiaries of higher demand in the past year with the regulatory ban on polystyrene products in Malaysia.

“We foresee a second wave of uptrend in demand along with public awareness on food safety and environmental sustainability, not only in the local market but also increasingly in the Asia-Pacific region,” he added.
Lee is optimistic that the larger production capacity accorded by the new factory would place SCGM on a steady growth path to meet current and future demand.
The group has earmarked RM125mil in total capital expenditure for the new factory, encompassing land acquisition, building construction and purchase of new machinery. – Bernama

Read more at http://www.thestar.com.my/business/business-news/2017/02/09/scgm-set-to-build-new-facility-in-kulai/#tizccdH3w54H4u5a.99

Next week at least 0.58

Hibiscus Petroleum (5199) (RM0.505): Buy
Targets: RM0.55/0.59
Cut loss: RM0.465 -

Hibiscus Petroleum could potentially do well in the near term. Aggressive traders may ride on the strong momentum now!

from CIMB - 3 Feb 2017

HIBISCS (Not Rated). HIBISCS’s shares saw active trading yesterday, amid a jump in crude oil prices (Brent US$57.00/ barrel). For the day, HIBISCS’s share price finished 3.5 sen (7.4%) higher at RM0.505. Chart-wise, HIBISCS has been on a rising trend since it broke out of the RM0.20 resistance in October. The share price had since climbed to a high of RM0.55 last month, before pulling back in recent weeks. Nevertheless, yesterday’s consolidation breakout signals a resumption of its prior uptrend. In fact, the RSI indicator has also hooked upwards into a bullish territory to reflect a pick-up in momentum. From here, we expect HIBISCS to retest the RM0.55 (R1) high, before climbing further to RM0.58 (R2) next. Downside support levels are RM0.46 (S1) and RM0.44 (R2).
Source: Kenanga Research - 3 Feb 2017

US crude settles at $53.88, rising 2% on signs Russia and OPEC are cutting output
1 Hour Ago
Reuters

http://www.cnbc.com/id/104253029

http://www.cnbc.com/id/104253029

• Crude Oil
Oil markets range-bound as supplies remain plentiful amid OPEC-led cuts
By Reuters / Reuters | February 1, 2017 : 9:54 AM MYT

SINGAPORE (Feb 1): Oil dipped on Wednesday, weighed by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow range that has bound the market since late January.
Brent crude futures, the international benchmark for oil prices, were trading at $55.48 per barrel at 0140 GMT, down 10 cents from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $52.73 a barrel, down 8 cents.
The Organization of the Petroleum Exporting Countries (OPEC) has said it will cut production by around 1.2 million barrels per day (bpd) in the first half of 2017 in an effort to end global over-production that has dogged markets for over two years.
Other producers, including Russia, have pledged to cut another 600,000 bpd in output.
A Reuters survey published late on Tuesday showed that OPEC's output fell by over 1 million bpd in January to 32.27 million bpd between December and January.
"That's a good start...to cut production to bring the market back toward balance," said Greg McKenna, chief market strategist at futures brokerage AxiTrader.
But McKenna added that there were still "some questions about whether or not OPEC will achieve its goals" to cut even deeper and for the full period of the first half of 2017.
With uncertainty over the final outcome of OPEC's cuts and also little known so far regarding Russia's commitments to its supply reductions, crude futures have been range-bound, trading within a $2 per barrel range over the past week, and within $1.25 a barrel since Monday.
Reuters' technical commodity analyst Wang Tao said that both Brent and WTI price signals were mixed, with bullish and bearish drivers largely offsetting each other. – Reuters

http://www.theedgemarkets.com/my/article/oil-markets-range-bound-supplies-remain-plentiful-amid-opec-led-cuts?type=Corporate

LSE : POL POLO RESOURCES LIMITED ORD NPV (DI)
Last Price Today's Change Day's Range Trading Volume
7.63 +0.13 (1.73%) 7.63 - 7.63 20,000

Business Background
Polo Resources Limited is a natural resources investment company that focuses on investing in undervalued companies and projects. The Company selects, acquires and manages investments in companies and projects with growth prospects. The Company's segments include BVI/Parent, Americas, Australasia, Africa and Europe. The Company focuses on building a diversified portfolio of mineral and hydrocarbon assets. The Company's portfolio consists of an interest in gold assets, which include Blackham Resources Limited and Nimini Holdings Limited; an interest in petroleum assets, which include Hibiscus Petroleum Limited, Regalis Petroleum Limited and Equus Petroleum Plc; an interest in a coal asset, which is GCM Resources Plc; an interest in an iron and vanadium asset, which is Ironstone Resources Limited; an interest in a phosphate asset, which is Celamin Holdings NL; an interest in a copper asset, which is Weatherly International Plc, and various liquid short term investments.

OPEC and key non-OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets less than two months after agreeing to do so in efforts to push up the price of crude, Russia's energy minister said Sunday.
Alexander Novak's upbeat comments to reporters came at the end of the first meeting of a joint OPEC-non-OPEC committee set up to monitor compliance to the Dec. 10 agreement.
Back then, Russia and 10 other nations outside OPEC decided to join with the 13 members of the Organization of the Petroleum Exporting Countries to reduce the daily amount of oil on sale by 1.8 million barrels in the first six months of this year.
Novak said firm figures wouldn't be available before the end of the month on what already had been achieved. But he estimated that "close to" 1.5 million barrels a day had been cut as of late January, adding that many countries are exceeding promised reductions.
Crude oil sold for over $100 a barrel in the summer of 2014. Prices bottomed out, below $30 a barrel in January 2016 but seldom rose much above $50 for the rest of the year, prompting December's concerted action by the producers within and outside OPEC.
On Friday, benchmark U.S. crude was selling at $52.42 a barrel in New York, while a barrel of Brent crude, used to price international oils, fetched $55.49 in London.
Novak said that his country, which committed to the largest cut of 300,000 barrels a day, already had achieved trimmed production by 100,000 barrels -- double its projected target of 50,000 barrels by late January.
The announced reductions come after years of failed attempts, with individual OPEC members ignoring calls to hew to production targets in attempt to maximize sales and OPEC outsiders showing little interest in cooperating with the oil cartel.
But in the wake of the progress announced Sunday, Kuwaiti Oil Minister Issam A. Almarzooq, who chaired the meeting, spoke confidently of the agreement's ultimate success.
"We will not accept anything less than 100 percent compliance," he said.

OPEC, allies make progress on production cuts, says will not accept less than '100% compliance' http://www.cnbc.com/id/104233423
http://www.cnbc.com/id/104233423

Oil prices rose about 2 percent on Friday on expectations that a weekend meeting of the world's top oil producers would demonstrate compliance to a global output cut deal.
A weekend meeting in Vienna of members of the Organization of the Petroleum Exporting Countries and some producers outside of the group, including Russia, will establish a compliance mechanism to verify producers are sticking to a deal to reduce output by 1.8 million barrels per day (bpd), OPEC's secretary general told Reuters.
http://www.cnbc.com/id/104229755

This week 0.50 then next week 0.60 take a break after CNY coming again for the QR

Valuation – fair value of RM0.60. We value Hibiscus? 50% stake in Anasuria Cluster at RM0.60 based on our DCF valuation with an 11.0% WACC. The Group currently owns and operates the field together with Ping Petroleum Limited. Our valuation has accounted for the decommissioning capex and various taxes.
Source: PublicInvest Research - 9 Jan 2017

REACH ENERGY - RETURNING TO UPTREND POSITION AFTER THE BREAKOUT OF RM0.64
Author: HLInvest | Publish date: Fri, 6 Jan 2017, 12:08 PM
• Our fundamental pick is our recently initiated oil junior, Reach Energy (refer to our report dated 4 Jan 2017) with a target price of RM0.83. Reach has graduated from SPAC and became a full-fledged oil and gas company after the completion of an acquisition into an O&G field in Kazakhstan on 26 th of November.
• Technically speaking, soon after the breakout of the RM0.64 level with high volumes, we opine that the recent correction phase has ended reinforced by a higher high formation. Also, the MACD Line has crossed above the zero level – indicating share price has potential to trend higher over the mid to long term.
• We called a technical buy on Reach Energy on 29 Dec and it has hit our LT objective target of RM0.71 (+13.8%). Following the continued bullish indicator on the stock and upside to our institutional TP of RM0.83, we revise our technical target to RM0.735-RM0.765 levels.
• On the cut loss strategy, we move our trailing stop level higher at RM0.68.
• Reach-WA is a cheaper entry which offers gearing of 5x. The implied warrant value is at 25 sen per warrant based on mother share target price of 83 sen.
Source: Hong Leong Investment Bank Research - 6 Jan 2017

REACH ENERGY - RETURNING TO UPTREND POSITION AFTER THE BREAKOUT OF RM0.64
Author: HLInvest | Publish date: Fri, 6 Jan 2017, 12:08 PM
• Our fundamental pick is our recently initiated oil junior, Reach Energy (refer to our report dated 4 Jan 2017) with a target price of RM0.83. Reach has graduated from SPAC and became a full-fledged oil and gas company after the completion of an acquisition into an O&G field in Kazakhstan on 26 th of November.
• Technically speaking, soon after the breakout of the RM0.64 level with high volumes, we opine that the recent correction phase has ended reinforced by a higher high formation. Also, the MACD Line has crossed above the zero level – indicating share price has potential to trend higher over the mid to long term.
• We called a technical buy on Reach Energy on 29 Dec and it has hit our LT objective target of RM0.71 (+13.8%). Following the continued bullish indicator on the stock and upside to our institutional TP of RM0.83, we revise our technical target to RM0.735-RM0.765 levels.
• On the cut loss strategy, we move our trailing stop level higher at RM0.68.
• Reach-WA is a cheaper entry which offers gearing of 5x. The implied warrant value is at 25 sen per warrant based on mother share target price of 83 sen.
Source: Hong Leong Investment Bank Research - 6 Jan 2017

An OPEC committee meeting to monitor compliance with the agreement is scheduled for Jan. 21-22 in Vienna.

http://www.cnbc.com/id/104197583

An OPEC committee meeting to monitor compliance with the agreement is scheduled for Jan. 21-22 in Vienna.

http://www.cnbc.com/id/104197583