FM playing up

The Sell orders are put by FM. They can Cancel it and the Sell Q will become minimum.

if boom only after 2:30pm

thank you iafx

thank you

FM forced retailer by putting high volume SELL orders at 0.69 and 0.70. Retailer who have no patient, just sell to 0.685 and FM accumulate there.

My source told me at 9:44 and 9:51 somebody bought 1,000,000 shares.

Some fund managers forcing retailer to sell to them. WHY?

Rumor Aberdeen Asset bought 1,000,000 this morning.

Few fund managers are accumulate it since early May 2013.

patient..

altobridge link to Redtone?

Time to sell, not hold.

Redtone is coming.

consider Redtone

May hit above RM1.00 soon if not election.

another huayang

panic selling.

Tambun Indah Land Bhd targets to launch at least five new projects in the first half of this year, with a total gross development value (GDV) of RM253m. All of the projects will be in Penang, where the company has been active in recent years and will continue to do so, as it taps into the growing Penang property market. The company is actively looking for new land banks in the Klang Valley and other areas where it can develop future projects, either on its own or in collaboration with joint-venture partnerships.

This will complement our existing undeveloped land bank of 300ha across Penang, which translates into a potential GDV of more than RM3.4bn that is expected to last until 2020.

Total GDV of MYR3.4b until 2020. The group has about 700 acres of land bank with total GDV of MYR3.4b until 2020. It has unbilled sales of ~MYR300m from its current GDV of MYR813m and pipeline GDV of MYR598m to be launched by end-2012. The remaining 560 acres with a GDV of MYR2.3b will be launched between 2013-2020. Its JV with land-owner Nadayu Properties has enabled the group to achieve healthy gross margins of >30% after locking-in its land cost at MYR11psf for Pearl City. Land prices in the vicinity have since risen to MYR20-25psf.

The group has net cash of MYR34.5m (11.1 sen/share) as at 30 Sep 2012. Given its strong Balance Sheet and operating cash flow, TILB is expected to pay 6 sen dividend in FY12 and 7.5 sen in 2013 (within its 40-60% DPR guidance), which translates to a net yield of 8% in FY12 and 10% in FY13.

TILB is trading at prospective FY13 PER of 4.8x, similar to its smaller-cap peers in the sector. However, it has a higher ROE and one of the highest dividend yields in the sector. It has an RNAV of ~MYR565m, which translates to a fullydiluted RNAV of MYR1.60/share. Imputing a 40% discount to its RNAV (similar to Glomac) implies a target price of MYR0.96, an upside of 28% from current levels

Should accumulate before notice by more analyst.

Shining star.
Cheapest valuation of property counter (just like Huayang in last one year).

DIVIDEND IS LIKELY TO IMPROVE SHARE PRICE AND TO ISSUE RIGHT ISSUE LATER.

cwkhor: 4:08 sold 111,800. I mistaken.

Support disappeared. Act now.

Fund manager sold 1,000,000 shares at RM1.10. Not very supportive.

Sell another 3,500,000 shares at RM1.12

HK manager is selling. Some agreements not able to reach. Act.

Clear all the selling queue, let the counter sail above RM1.20

Perisai issue RM1.10 to acquire FPSO. Perisai might also want their 10% PP at RM1.10, thus last 5 days averaged price should be around 1.23 above before discount.

Unless the market not permit the Company to do so. Then too bad.

10% private placement will issue soon and it is based on the last 5 days average price. Would you think the Company would like to issue a higher price or lower price?

Possible to reach above RM1.22 by end of December 2012.

Share price weakness due to confusing over the corporate exercise and deal is a chance to buy.

TP RM1.12

Bursabulltrader: I went to HK for meeting. Buckbackma: Sudden panic selling always wish by fund managers when they know the counter is worth more than current price.

Those panic seller afraid when saw red sea.

Panic selling!

Panic selling for last few days. HK managers made decision to accumulate another few million shares since opportunity come.

Alam is coming.

Oil and gas sector

Maintain positive: Year-to-date (YTD) more than RM8 billion worth of contracts have been awarded to locally listed oil and gas (O&G) players. In October, about RM363 million worth of new jobs were awarded, down by close to 50% month-on-month, to Bumi Armada Bhd, SapuraKencana Petroleum Bhd and Alam Maritim Resources Bhd.

With nine contracts awarded, October saw the highest number of contracts in one month for the year, a similar number to June’s. However, most contracts were for the charter of anchor handling tug supply vessels, and barges which are smallish in value.

The fourth quarter of calendar year 2012 (4QCY12) has kicked off on a positive note with a good number of contracts, albeit small in value. We are anticipating that many more contracts will be dished out until year-end, coupled with positive corporate exercises, which we are already seeing in early November from SapuraKencana.

The investment community’s dream of a floating production, storage and offloading (FPSO) job was not disappointed as Bumi Armada had secured an extension for its Armada Perkasa FPSO in Africa.

Contracts under the Pan Malaysia HUC (hook-up and commissioning) umbrella project, which were called for tender in July, are also being dished out. The umbrella project worth in the region of RM10 billion is made up of nine HUC contracts which will benefit many local HUC players. Key beneficiaries include Dayang Enterprise Holdings Bhd, SapuraKencana and Petra Energy Bhd.

SapuraKencana has won underwater servicing jobs worth RM700 million for a few of Petroliam Nasional Bhd’s (Petronas) O&G offshore assets. In addition, the North Malay Basin, which has seen a commitment of RM16.4 billion from Petronas and Hess Oil and Gas Sdn Bhd, is likely to see some awards being dished out.

Further north of that region is the Thai-Malaysia Joint Development Area, where we are already seeing contracts awarded. SapuraKencana recently won an engineering, procurement, construction and commissioning job for the Kamelia-A wellhead platform there.

Local exploration and production has also borne fruit, with Petronas and Sweden-based Lundin Oil striking oil off Pahang, the first strike in the state. Production is estimated to be around 20,000 barrels per day and production will likely begin in 3QCY14. The field is located in block PM307 of the Bertam field.

YTD, more than RM2 billion worth of contracts have been awarded by Petronas subsidiaries and more than RM6 billion worth of jobs by foreign-owned companies. For October, 92% of total contracts awarded were from private entities (non-Petronas sources).

We maintain our “positive” conviction on the local O&G sector, riding on the impending award of contracts to further spur the industry. With the support of Petronas’ capital expenditure commitment along with jobs in the global arena, we believe the local O&G players will likely see more action in the coming months.

— MIDF Research, Nov 12

Perisai negotiations with EOC for a stake in Lewek Arunothai for Hess' North Malay basin charter should be finalised soon, prompting a potential upgrade to our IB soon.

Future Prospects

Perisai Group with its current strategic assets which have firm contracts is expected to realize greater revenue and profit for the current financial year.

Perisai’s recent investment in a jack-up drilling rig will facilitate Perisai’s entry into the offshore drilling segment specifically in Malaysia and in the Asia Pacific region. It is also expected that this will contribute to revenue and earnings growth of Perisai Group after the planned delivery of the drilling rig in July 2014. The jack-up drilling rig would broaden Perisai’s asset offering to its clients and together with its other marine assets, expands its participation in the offshore oil and gas value chain by integrating key strategic assets within its stable capable of servicing the upstream exploration, development and production phases of offshore oil and gas development.

PERISAI RESULTS

For the financial period ended 30 September 2012, the Group generated total revenue of RM142.34million, an increase of RM87.83million as compared to RM54.51million in the corresponding period ended 30 September 2011.

The profit before tax for the current period amounted RM77.98million which represents an increase of RM66.08million as compared to RM11.90million in the corresponding period ended 30 September 2011.

For the financial quarter ended 30 September 2012, the Group generated total revenue of RM47.91million, an increase of RM27.46million as compared to RM20.45million in the corresponding quarter ended 30 September 2011.

The profit before tax for the current quarter amounted RM25.52million which represents an increase of RM29.03million as compared to a loss before taxation of RM3.51million in the corresponding quarter ended 30 June 2011.

Nice HLM.

Few thousand.

ALAM could be a sub-contractor for works to SapuraK who won the Inspection, Repair and Maintenance (IRM) contract worth RM700m from Petronas Carigali, where we foresee a rental income here for ALAM's diving assets.

However, the company is still busy with other Inspection, Repair and Maintenance (IRM) bidding as well, with each contract value ranging from RM200m-RM300m.

Besides the domestic tenders, ALAM latest JV entity in Saudi Arabia is also seeking for new works. However, investment bankers have not imputed any earnings contribution from this new JV entity given that it is still in the preliminary stage. This JV company was incorporated to undertake projects providing marine construction-related and marine services in Saudi Arabia.

We look at Perisai financial statements, share capital and etc to forecast that Perisai most probably issue some shares to acquire Levek Ar from EOC.

Reyes430. That is what i believe.

After SapuraK, Perisai, Perdana up since last few months, Alam should be the next counter after O&G sector is so positive.