ViVOCOM has reached fibonacci 23.6% level at 0.255 now falling back.....bye bye rebound game....

VIVOCOM FALLING .... bye bye koikoipuipui........FALLING.........

will keep blocking 0.255

Oopssss weekly chart has MA crossover downtrending.......daily not even confirmed rebound and falling back.....

Already reached fibonacci 23.6% level at 0.255 now falling back.....bye bye rebound game....

FALLING..........

yawn......

VIVOCOM Intl Holdings Bhd, an ACE Market-listed construction company that made its name after securing the bulk of its work contracts from China Railway Construction Corp Ltd (CRCC), may see the early retirement of its CEO Datuk Seri Dr Yeoh Seong Mok, according to sources.

Vivocom’s share price came under selling pressure after market talk spread of Yeoh’s impending departure as he is said to be the point man for dealings with state-owned CRCC, a state-owned engineering and construction giant.

“It is not just an intention, he (Yeoh) was determined to go. It is just a matter of time before he tenders [his letter] to the board,” a source tells The Edge.

Yeoh was appointed joint CEO on Nov 2, 2015, after Vivocom, then known as Instacom Group Bhd, acquired an additional 43.6% stake in Neata Aluminium (M) Sdn Bhd — an aluminium window and door manufacturer — boosting its shareholding in the latter to 78.6%.

Neata in turn owns 100% of Vivocom Enterprise Sdn Bhd, a construction outfit founded by Yeoh.

Since his appointment, Yeoh has been widely seen as a white knight for beleaguered Instacom. He was the key person who channelled construction subcontracts from CRCC to the group.

Yeoh become sole CEO on May 25 following the resignation of Anne Kung Soo Ching.

“It will disrupt Vivocom’s long-term plan in achieving RM3 billion construction revenue by 2018 as the bulk of the company’s contracts were secured through his relationship with CRCC,” says another source.

“It will also be a challenge for Vivocom to achieve its target of RM600 million in revenue this year as construction works are progressing slower than expected,” he adds.

When contacted, Vivocom executive director Choo Seng Choon did not refute market talk of Yeoh’s early retirement.

“[There is] no issue in terms of business development. He (Yeoh) is 60 and it is not wrong for him to have a retirement plan since he is in that age group already. However, I have not received anything official,” Choo replied via a text message.

“No one is indispensable, including me,” he added.

Last month, Choo was reported as saying that the company was aiming for RM3 billion in order book replenishment per annum until 2018. Vivocom, he added, was targeting RM600 million in revenue from the construction segment this year, RM2.1 billion for 2017, and RM3 billion by 2018.

Choo remains confident of achieving these targets, pointing out that the group’s partners do not only consist of CRCC.

One example, he says, is the letter of intent to cooperate that Vivocom entered into with Zhonghe Huaxing Development (M) Sdn Bhd on May 30 for future collaboration purposes.

Zhonghe Huaxing is a subsidiary of China Nuclear Industry Huaxing Construction Company Ltd, which is in turn is controlled by state-owned China Nuclear Engineering Group Corp, a conglomerate with expertise in the construction of military and civil infrastructure as well as commercial development in China and abroad.

Yeoh, who is believed to be travelling abroad, could not be contacted at press time.

Sources say Yeoh, who turns 60 in October, may step down early to focus on his role as senior director of project management advisory firm WY Consultancy & Development Sdn Bhd (WYCD).

WYCD, formerly known as William Consulting Sdn Bhd, was founded by Yeoh’s 34-year-old son William Yeoh in 2012.

WYCD is wholly owned by Cekap Air Sdn Bhd, which principally provides hydraulic mechanical and electrical engineering services for water supply and treatment.

Notably, EA Holdings Bhd, controlled by CEO Mohammad Sobri Saad, acquired a 20% stake in Cekap for RM47.04 million in July last year.

Vivocom CEO may step down early

http://www.theedgemarkets.com/my/article/vivocom-ceo-may-step-down-early?type=corporate

By The Edge Malaysia / The Edge Malaysia | July 11, 2016 : 6:00 PM MYT
12/07/2016 07:29

vivocomfans, that's old news..............................

Skng Keong, go piss off.....look at ur own past comments.

Skng Keong, first pls apologize for calling ppl dog before you talk to someone! I've never call ppl animal... In the real world, if u were to talk this way, ppl will just put a bullet in ur head. Second, respect others who have different views than you and learn why are their views so different and persistent.

One China One Belt.....

It will become:

One China One Big Mistake because over relying on China for projects other than that mediocre only

As a managing director, he cannot say not confident.....otherwise kaput instantly

Still say me conman? Choo said he's confident to achieve order books until next 2 years....Hello everybody wake up lo.....election will be in 2018. Vivocom is going kaput........

“It is not just an intention, he (Yeoh) was determined to go. It is just a matter of time before he tenders [his letter] to the board,” a source tells The Edge.

Since his appointment, Yeoh has been widely seen as a white knight for beleaguered Instacom. He was the key person who channelled construction subcontracts from CRCC to the group.

Yeoh become sole CEO on May 25 following the resignation of Anne Kung Soo Ching.

“It will disrupt Vivocom’s long-term plan in achieving RM3 billion construction revenue by 2018 as the bulk of the company’s contracts were secured through his relationship with CRCC,” says another source.

“It will also be a challenge for Vivocom to achieve its target of RM600 million in revenue this year as construction works are progressing slower than expected,” he adds.

When contacted, Vivocom executive director Choo Seng Choon did not refute market talk of Yeoh’s early retirement.

“[There is] no issue in terms of business development. He (Yeoh) is 60 and it is not wrong for him to have a retirement plan since he is in that age group already. However, I have not received anything official,” Choo replied via a text message.

“No one is indispensable, including me,” he added.

pls read each line carefully. The answer to vivocom's direction is there already. Re-read and repeatedly until u get the real message.

Vivocom CEO may step down early

http://www.theedgemarkets.com/my/article/vivocom-ceo-may-step-down-early?type=corporate

By The Edge Malaysia / The Edge Malaysia | July 11, 2016 : 6:00 PM MYT

What trouble? I'm having fun telling truth....lol

lol finish posting ur rubbish?

see? you are nervous......just remember my ID......everything I said are published and will happen. Who am I? You've got the hints but don't wanna believe mah....that's how ur money is conned by vivocom

lol from what i know....to give bonus issues is not decided and if that happens also you should be worried even more! Do u know why? Phantom groups will have more shares by then and ammo power to push vivocom's share price to the ground. When they decided to push, u wish u better have no open positions in vivocom or any buy orders placed. It will take just 1 hour to complete the shake-off..........those who truly follows me closely are starting to awake that I'm not one to be underestimated. Anyway, vivo cheerleaders.....pls buy more and you will wish u should have listened to me. Good luck oh....hehehehe

..
Vivocom CEO may step down early

http://www.theedgemarkets.com/my/article/vivocom-ceo-may-step-down-early?type=corporate

By The Edge Malaysia / The Edge Malaysia | July 11, 2016 : 6:00 PM MYT

cknyam97, you still don't knw how to read? lol.....no matter what u post or comment so good abt vivocom, everything that I said and preached here so far WILL BECOME FACTS AND TO HAPPEN.......the CRISIS that I told you all here still have not been announced yet!!

SO you better wish u have no open positions on vivocom and any queued buy orders placed all the way below prices because all ur buy orders will be filled in a blink of an eye when that starts!!

VIVOCOM Intl Holdings Bhd, an ACE Market-listed construction company that made its name after securing the bulk of its work contracts from China Railway Construction Corp Ltd (CRCC), may see the early retirement of its CEO Datuk Seri Dr Yeoh Seong Mok, according to sources.

Vivocom’s share price came under selling pressure after market talk spread of Yeoh’s impending departure as he is said to be the point man for dealings with state-owned CRCC, a state-owned engineering and construction giant.

“It is not just an intention, he (Yeoh) was determined to go. It is just a matter of time before he tenders [his letter] to the board,” a source tells The Edge.

Yeoh was appointed joint CEO on Nov 2, 2015, after Vivocom, then known as Instacom Group Bhd, acquired an additional 43.6% stake in Neata Aluminium (M) Sdn Bhd — an aluminium window and door manufacturer — boosting its shareholding in the latter to 78.6%.

Neata in turn owns 100% of Vivocom Enterprise Sdn Bhd, a construction outfit founded by Yeoh.

Since his appointment, Yeoh has been widely seen as a white knight for beleaguered Instacom. He was the key person who channelled construction subcontracts from CRCC to the group.

Yeoh become sole CEO on May 25 following the resignation of Anne Kung Soo Ching.

“It will disrupt Vivocom’s long-term plan in achieving RM3 billion construction revenue by 2018 as the bulk of the company’s contracts were secured through his relationship with CRCC,” says another source.

“It will also be a challenge for Vivocom to achieve its target of RM600 million in revenue this year as construction works are progressing slower than expected,” he adds.

When contacted, Vivocom executive director Choo Seng Choon did not refute market talk of Yeoh’s early retirement.

“[There is] no issue in terms of business development. He (Yeoh) is 60 and it is not wrong for him to have a retirement plan since he is in that age group already. However, I have not received anything official,” Choo replied via a text message.

“No one is indispensable, including me,” he added.

Last month, Choo was reported as saying that the company was aiming for RM3 billion in order book replenishment per annum until 2018. Vivocom, he added, was targeting RM600 million in revenue from the construction segment this year, RM2.1 billion for 2017, and RM3 billion by 2018.

Choo remains confident of achieving these targets, pointing out that the group’s partners do not only consist of CRCC.

One example, he says, is the letter of intent to cooperate that Vivocom entered into with Zhonghe Huaxing Development (M) Sdn Bhd on May 30 for future collaboration purposes.

Zhonghe Huaxing is a subsidiary of China Nuclear Industry Huaxing Construction Company Ltd, which is in turn is controlled by state-owned China Nuclear Engineering Group Corp, a conglomerate with expertise in the construction of military and civil infrastructure as well as commercial development in China and abroad.

Yeoh, who is believed to be travelling abroad, could not be contacted at press time.

Sources say Yeoh, who turns 60 in October, may step down early to focus on his role as senior director of project management advisory firm WY Consultancy & Development Sdn Bhd (WYCD).

WYCD, formerly known as William Consulting Sdn Bhd, was founded by Yeoh’s 34-year-old son William Yeoh in 2012.

WYCD is wholly owned by Cekap Air Sdn Bhd, which principally provides hydraulic mechanical and electrical engineering services for water supply and treatment.

Notably, EA Holdings Bhd, controlled by CEO Mohammad Sobri Saad, acquired a 20% stake in Cekap for RM47.04 million in July last year.

http://www.theedgemarkets.com/my/article/vivocom-ceo-may-step-down-early?type=corporate
By The Edge Malaysia / The Edge Malaysia | July 11, 2016 : 6:00 PM MYT

lol cknyam97, why ur digit in ur ID terbalik one? ur CKNYAM79 ID must be kena banned by i3 admin. How come? It's a surprise to me because I didn't report u at all....so i3 admin must be attentive here. Lol padan muka.......

Some of the crucial ones within are new...... nvm pls buy more, I can't wait until it finally starts then every single one of the cheerleaders will shut down.

http://www.theedgemarkets.com/my/article/vivocom-ceo-may-step-down-early?type=corporate
By The Edge Malaysia / The Edge Malaysia | July 11, 2016 : 6:00 PM MYT

axejay, that was published yesterday......Are u blind?

B4b4, that was published yesterday........

take the bulls by the horn like me.....in the virtual cyber world also u so coward? In the real world, u meh even more hypocrite and coward? lol

Be like me, hold my stance firmly and I'm still advocate sell calls.....you will see when it falls and crash.....ur faith in this company will be really shaken!

See? use new ID Skng Keong to talk cheaply and with mouthful of bad words. WHat a coward. Use your original ID mah. Penakut........lol

Kakakakaka.....ur shares will be worth less than tissue paper lol

Now one thing I request..those ignorant cheerleaders pls buy as many shares as u can. Make sure u buy it as if u think vivo is on uptrend or rebound. This will be exciting for you the ignorant ones.

Lol smalltimers will forever remain in the 99% population because they r not humble enough to learn n think tht they know it all when high hand is among the crowd already. I call this home because I love to prove until u cry when it's decided to be collapsed at an instant. Beware.

How now? Still want to dispute with me? Second time TheEdge published my stories n words. Still call me conman? Lol. One thing all of u should start to worry already by now is tht my call to sell still stands firm. I love to prove idiots to admit they r wrong in their judgement + hindsight n foresight. There's always someone higher than u and always learn from someone who's better than u. If u cannot lead a wolf pack then you must have lacked of certain qualities in u.

Lol I'm standing very firm in my preaching as always. I don't need to work in IB to get insights or to gain. I will gain whenever I wanted to

Oh i can see tht ktsk88 has been secretly paying attention to my preaching materials ya. Finally published out on TheEdge le meh. Not many ppl say TheEdge cannot be trusted? Then why bother read? B4b4 how come ah?

The link:
http://www.theedgemarkets.com/my/article/vivocom-ceo-may-step-down-early?type=corporate

To those who think Dr yeohs's resignation will not have any impact on vivocom's future. You r confident? Think again....

Sell it before collapse... World economy is still in jittery n fragile. Can't deny it so I'm awaiting market collapse. Bull run is in its 8th year so time is up for the downturn. See the real fundamentals of economy before pouring ur money I to equities

Don't be so happy oh... Vivo is still downtrending... To reverse the trend, u will need to see catalysts otherwise no chance

Wah!!! Vivo up and the cheerleaders work so hard in writing here. Lol

Still this will be short lived and I maintain my call to sell and for it to collapse! Yes regional gains uplifting most stocks doesn't mean this will continue or last.

hahahaha.....this is home!

angmo alex, if it's so good then don't sell it at all....good things are not meant to sell. Try to keep ur promise.

lol Justinvestor is agitated because he got stucked at high prices that's why he's angry at me.

Unlike you, I have one ID only.

walao....use different ID some more......

Haha not as desperate as you juggling many different ID and now telling public u sold for profit to justify urself.

why u reply me? desperate also? lol

approaching 4pm.....falling down......

http://news.asiaone.com/news/transport/hk-operator-query-company-behind-faulty-smrt-trains

The company's comments came after foreign media reported that several metro trains, jointly designed and manufactured by Japan's Kawasaki Heavy Industries and CRRC Sifang, are being shipped back from Singapore to their manufacturer due to issues including cracks in structural components and an insufficient battery system. - See more at: http://news.asiaone.com/news/transport/our-trains-singapore-are-safe-says-firm-behind-china-made-mrt-trains#sthash.CYO8rgAe.dpuf' target='_blank'>http://news.asiaone.com/news/transport/our-trains-singapore-are-safe-says-firm-behind-china-made-mrt-trains#sthash.CYO8rgAe.dpuf

"CRRC Sifang found some defects in car bodies during routine maintenance checks in Singapore in June 2013. It then recalled 26 of them to the factory for repairs. The problem was caused by a defective aluminium alloy. After thorough analysis, the problem was found not to pose a risk to safety," the company said in a statement. - See more at: http://news.asiaone.com/news/transport/our-trains-singapore-are-safe-says-firm-behind-china-made-mrt-trains#sthash.CYO8rgAe.dpuf' target='_blank'>http://news.asiaone.com/news/transport/our-trains-singapore-are-safe-says-firm-behind-china-made-mrt-trains#sthash.CYO8rgAe.dpuf

The Japanese-Chinese joint venture gained its first contract from Singapore's Land Transport Authority to provide 22 six-car trains for the North-South and East-West lines in the country in 2009 for $368 million.

SMRT Corp, the multimodal public transport operator in Singapore, ordered another 13 train sets from Kawasaki and CRRC Sifang to improve its metro rail service in 2012.

"Aged rail infrastructure, inappropriate maintenance work and various weather conditions could all cause certain damage to the metro trains," said Feng Hao, a rail transportation researcher at the National Development and Reform Commission.

Under such circumstances, Feng said it is time for Chinese companies to accelerate the pace of promoting their railway standards abroad and foreign clients should also consider letting them carry out full-package services from supplying trains to installing tracks.

China Railway Corp Group, the country's railway service provider, said on Wednesday that exports of China's railway equipment and railway construction projects are proceeding well, and breakthroughs are being made in many overseas projects.

Yang Zhongmin, CRC's deputy chief engineer, said China's railway equipment and infrastructure service businesses have entered markets in Asia, Europe, North America and Africa.

Chinese companies have also made breakthroughs in the China-Laos railway, the Jakarta-Bandung high-speed railway in Indonesia and the high-speed rail project in Russia connecting Moscow to Kazan.

"The Chinese and Thai governments also reached a consensus in building the China-Thailand railway and will try to start the construction work by the end of this year," said Yang, who is also chairman of China Railway International Group, a CRC subsidiary.

- See more at: http://news.asiaone.com/news/transport/our-trains-singapore-are-safe-says-firm-behind-china-made-mrt-trains#sthash.CYO8rgAe.dpuf' target='_blank'>http://news.asiaone.com/news/transport/our-trains-singapore-are-safe-says-firm-behind-china-made-mrt-trains#sthash.CYO8rgAe.dpuf


http://news.asiaone.com/news/transport/our-trains-singapore-are-safe-says-firm-behind-china-made-mrt-trains

Just Say No to High-Speed Rail

Even with these advantages, however, the costs have been considerable. In May, state-owned China Railway Corporation, the operator of China's rail network, reported that its debt had grown 10.4 percent in the past year and now exceeded $600 billion; in 2014, roughly two-thirds of that debt was related to high-speed rail construction. That’s more than the total public debt of Greece. The company runs only one profitable line -- the massively traveled Beijing-Shanghai corridor.

Costs are set to rise further. Now that most heavily trafficked areas are served by high-speed lines, construction is expanding to China’s less-populated and less-developed western regions, in part as a de facto fiscal stimulus. The government is building lines over greater distances and across more difficult geographies. Few can hope to earn back the investment.

Doubts about the wisdom of these projects are rising. As far back as 2010, prominent voices in China had warned that binge spending on high-speed rail could lead to a debt crisis, and that the same benefits could be achieved with conventionally built lines that cost about one-third as much. Traditionally ignored, concerns about rail-related debt are now gaining weight, leading to prominent calls to break up the massive China Railway Corporation. So far, however, the government has yet to take the natural step and cancel major high-speed projects.

Where the backlash is being felt most acutely is abroad. From the earliest days of high-speed rail, China has hoped to export its technology. Those ambitions have run into major difficulties. As Caixin, China's most respected business magazine, reported last week, many of the countries to which China had hoped to sell high-speed technology are now scaling back their plans "due to huge building and operating costs."

Thailand has opted to shorten a planned, Chinese-built high-speed rail line over financing questions. Indonesia agreed to another Chinese project only after China agreed to build the line without Indonesian government money or loan guarantees. Mexico cancelled a Chinese high-speed rail project outright, ultimately citing budget constraints.

Xpress West, the private company that hoped to build a high-speed line between Las Vegas and Los Angeles, recently terminated its agreement with its Chinese partner. According to Caixin, finances were the problem, and the cancellation -- along with other setbacks -- is causing China's rail barons to rethink their overseas expansion plans.

What Chinese leaders need to admit is that no other country is quite like China. California doesn’t have the same cost advantages. Indonesia lacks a government that can run up massive, unaccountable debts. Thailand rightly believes that slow trains are just as good as fast ones. Suggestions that rail has environmental benefits over other forms of transportation have merit, but only if the trains are running full. As China's own example shows, many are not, and cannot thanks to low population densities along their routes.

This doesn’t mean high-speed rail is doomed outside of China. But if the world's leading builder is having trouble making a business case for its systems, even with the benefit of government subsidies, that case probably isn't very strong. What impressed visitors see now in China may not be the future after all.

http://www.bloomberg.com/view/articles/2016-07-07/just-say-no-to-high-speed-rail