still in :)

if u follow KYY's advise earlier can make some money LOL

moving but not in it, the price a bit high 4 me

Oil jumps as Goldman Sachs boosts price forecast by a third

LONDON: Oil jumped after Goldman Sachs Group Inc. boosted a price forecast by a third and said global crude markets have probably rebalanced.

West Texas Intermediate futures added 0.6% in New York. Strong fuel demand and output cuts by OPEC have helped clear a glut six months earlier than anticipated, Goldman analysts Damien Courvalin and Jeff Currie said in a report, raising their six-month price expectation to us$82.50 a barrel from us$62.

“The rebalancing of the oil market has likely been achieved,” the analysts said.

WTI for March rose 40 cents to US$65.13 a barrel on the New York Mercantile Exchange at 9:18 a.m. London time, after adding 23 cents on Wednesday. Total volume traded was about 29% above the 100-day average. Front-month futures are still down 1.5% this week. Wednesday’s relatively small gain was spurred by the first draw in U.S. gasoline stockpiles since early November.

Brent for April settlement was at US$69.30 a barrel on the London-based ICE Futures Europe exchange, up 41 cents. The March contract expired Wednesday after rising 3 cents to $69.05. The global benchmark crude traded at a premium of US$4.36 to April WTI.

Last week, U.S. oil output surged above 10 million barrels a day for the first time in more than four decades, while nationwide stockpiles ended 10 consecutive declines, government data showed Wednesday.

The run of inventory declines -- as well as OPEC cuts and a weaker dollar -- helped send prices to a fifth month of gains in January, the longest such streak since 2011.

Still, the gain was seen spurring American drillers to pump more, prompting fears that stockpiles would once again start to build. Additionally, inventory increases were on the horizon due to seasonal refinery maintenance.

Oil-market news:
• U.S. crude stockpiles climbed 6.78 million barrels to 418.4 million barrels last week, according to government data. Contributing to the expansion was a 41,000-barrel increase in daily production as well as the biggest tranche of imported oil since August.

• U.S. gasoline inventories dropped by 1.98 million barrels, according to the data, helping ease concern over lackluster demand.

• Royal Dutch Shell Plc said improved exploration and production lifted its quarterly profit to a three-year high, while refining and trading fell short of expectations as margins shrank.

• BHP Billiton Ltd., seeking to accelerate the sale of its U.S. shale unit, is prepared to offer the assets in as many as seven packages, including three in the prized Permian Basin, according to people with knowledge of the producer’s plans. - Bloomberg
Read more at https://www.thestar.com.my/business/business-news/2018/02/01/oil-jumps-as-goldman-sachs-boosts-price-forecast-by-a-third/#BAem0Wqr6mfh1B12.99

Oil extends gains on robust OPEC compliance

TOKYO: U.S. oil prices extended gains on Thursday as OPEC's strong compliance with a supply reduction pact offset news that U.S. production topped 10 million barrels per day for the first time in nearly half a century.

NYMEX crude for March delivery rose 18 cents, or 0.3 percent, to $64.91 a barrel by 0030 GMT, after ending the last session up 0.4 percent.

London Brent crude for April delivery had yet to start trading, after settling on Wednesday up 3 cents at $68.89.

U.S. crude oil production in November surpassed 10 million barrels per day for the first time since 1970, and neared the all-time output record, the Energy Information Administration said on Wednesday.

Oil output by the Organization of the Petroleum Exporting Countries also rose in January from an eight-month low as higher output from Nigeria and Saudi Arabia offset a further decline in Venezuela and strong compliance with a supply reduction pact, a Reuters survey found.

However, adherence by producers included in the deal to curb supply rose to 138 percent from 137 percent in December, the poll found, suggesting commitment is not wavering even as oil prices hit their highest level since 2014.

U.S. crude inventories rose by 6.8 million barrels last week, after 10 straight weeks of declines, U.S. Energy Information Administration data showed on Wednesday. Analysts had expected a decrease of 126,000 barrels.

Gasoline stocks unexpectedly fell by 2 million barrels, compared with expectations in a Reuters poll for a gain of 1.8 million barrels, helping push up gasoline futures.

Distillate stockpiles, which include diesel and heating oil, fell by 1.9 million barrels, versus expectations for a 1.5 million-barrel drop, the EIA data showed. - Reuters


Read more at https://www.thestar.com.my/business/business-news/2018/02/01/oil-extends-gains-on-robust-opec-compliance/#CqKGvXjjXtsD0Ei5.99

TY BRO!

I HOPE ALL DOING WELL!

yes, too many, I wonder wheres bro FT, hitman, hotT and many more :)

tessa thinks u r the bursamaster!

ty nice 2 c u, duit isit?

Philippines extends losses; Thailand posts best month in 18 months

SINGAPORE: Philippine shares extended losses to a second session on Wednesday, pulling further away from an all-time high hit earlier this week, while Thailand ended steady, marking its best month in 1-1/2 years.

Asian stocks steadied after sliding on rising global bond yields, with MSCI's broadest index of Asia-Pacific shares outside Japan on course for a 6.6 percent monthly gain, its biggest since March 2016.

However, the U.S. Federal Reserve's monetary policy statement due later in the day kept investors on guard.

"Bond yields in the U.S. are rising, so there is a shift in funds from emerging markets back to the U.S," said Lexter Azurin from AB Capital Securities.

Foreign Institutional Investor (FII) net outflows for Philippines was $39.4 million on Tuesday, while Indonesia recorded $88.9 million net outflows. Thailand's net outflows stood at $81 million in the previous session.

Philippine shares ended 1.6 percent lower, after the previous session's 1.6 percent drop, as industrials fell, with SM Investment Corp shedding 6 percent.

The index, however, climbed 2.4 percent in January, its second straight monthly gain.

Thai shares ended flat, but rose 4.2 percent this month, its best since July 2016.

Energy stocks PTT Pcl and PTT Exploration and Production PCL gained 1.6 percent each after Royal Dutch Shell said it would sell its Bongkot gas field stake to PTT Exploration & Production for $750 million before tax.

Meanwhile, data showed Thai private consumption contracted in December from the previous month while investment rose slightly, implying that a recovery in Southeast Asia's second-largest economy is still patchy.

Indonesian shares firmed 0.5 percent, bringing the monthly gain to 3.9 percent after December's 6.8 percent surge.

Lender PT Bank Pan Indonesia climbed to a record close, while Telekom Indonesia finished 2.3 percent higher.

The index of the country's 45 most liquid stocks ended 0.2 percent higher.

Singapore shares closed 0.4 percent lower, with heavyweight Keppel Corp shedding 1.1 percent.

The index, however, gained 3.9 percent this month after a 0.9 percent decline in December.

Vietnam shares finished flat, marking a fifth consecutive monthly gain, with Petrovietnam Gas Joint Stock rising to a three-year closing high.

Malaysia was closed for a public holiday. - Reuters

Read more at https://www.thestar.com.my/business/business-news/2018/01/31/philippines-extends-losses-thailand-posts-best-month-in-18-months/#ByiMXG55CPjOHCCo.99

Ladies and Gents!

Petrol prices will be up by two sen per litre from midnight tonight while the price of diesel will go up by three sen. The new price of RON95 is RM2.31 per litre while RON97 will cost RM2.58 per litre. Diesel will be priced at RM2.34 per litre.

4. Downstream & chemicals?

In a world where some forecasters are seeing oil demand peaking as early as 2030 due to growth in electric vehicles, oil majors know they must adapt to survive.

The CEOs of Exxon and Shell both came from their downstream divisions as did Chevron’s incoming boss, raising the question of whether the companies’ boards see a long-term necessity of thinking beyond oil and gas production. BP’s upstream boss Bernard Looney on Tuesday said alternative energies will make petroleum obsolete — the only question is when.

Chemical manufacturing provides a natural hedge to energy prices because they benefit from lower input costs when oil or gas are cheap. Exxon’s chemicals division provided more than half its net income in 2016.

Meanwhile Shell and Total has been vocal about investing in renewable energy sources. Will companies increase investments in chemicals, or commit to new renewable energy ventures? — Bloomberg


Read more at http://www.themalaymailonline.com/money/article/as-oil-majors-escape-the-rout-key-questions-emerge-for-2018#SbBCXL8vHqMBd5Rb.99

As oil majors escape the rout, key questions emerge for 2018

NEW YORK, Jan 31 — For the world’s largest oil explorers, it’s a time of transition.

Crude prices are on the rise as Opec curbs production for a second year. New efficiencies have dropped the cost of drilling in America’s fertile shale basins, pushing US drillers to record output. Investors are insisting on higher returns. And companies are dealing with changing US tax rules.

The first hints showing how Big Oil — an elite clique of companies so massive their combined annual sales dwarfs the economies of all but 15 of the world’s nations — is preparing to deal with these changes will come in fourth-quarter earnings reports starting this week. First up, Royal Dutch Shell Plc, Exxon Mobil Corp and Chevron Corp.

These are the key questions investors will be asking:

1. Who gets the cash?

The question everyone is asking is what will oil companies do with the additional cash with Brent at US$70 (RM273) barrel. Will more money go to shareholders in the form of dividend increases and buybacks, or will spending pick up? The supermajors slashed expenditures during the downturn and focused on efficiency.

Some analysts are worried the companies will waver from their hard-earned financial discipline now that they are once again flush with cash.

Years of cost cuts mean explorers are starting to repair balance sheets and allay concerns about fully funding dividends. Exxon and Shell have said they are generating enough cash to cover the payouts.

Chevron may raise its dividend this week for the first time since late 2016, according to Bloomberg estimates. BP, which said it will reduce its cash breakeven to US$40 a barrel oil by the end of the decade, has some way to go as it is still paying penalties related to the 2010 Deepwater Horizon disaster.

There are many reasons for the industry to feel sunny this earnings season. It is no longer lagging the broader market. Still, there’s some catching up to do with oil’s surge. The companies are facing long-term questions about the sustainability of fossil fuels with the world increasingly focusing more on cleaner energy and electric vehicles.

2. Tax overhaul impacts?

Corporate America is cheering President Donald Trump’s tax overhaul but the impact on oil companies is likely to be more muted. US upstream operations typically aren’t big taxpayers because they invest heavily in projects over many years before turning a profit, so they won’t benefit as much as other industries.

Other provisions such as lowering deductions for interest payments and reducing the ability to amortise exploration costs also minimise the benefits.

BP and Shell said they may write off as much as US$4 billion in American tax assets as a result of the reform. But investors should be wary about reading across to other companies: Shale explorer EOG Resources Inc said it would post a one-time gain of US$2.2 billion. Exxon and Chevron have yet to comment.

3. Pushing the Permian?

US shale production, which will reach a record this year, has upended energy markets, geopolitics and major oil companies’ capital spending. Once overlooked as niche and inconsequential, the Permian Basin, the most prolific US field, is now a key part of Exxon and Chevron’s planning for the next decade.

Chevron has committed to investing US$3.3 billion in the region this year and sees production rising at least 50 per cent by the early 2020s. Exxon last year spent as much as US$6.6 billion on drilling rights in New Mexico and on Tuesday announced plans to triple output in the region by 2025. There have been few further details so investors will be looking closely for commentary around whether they will be able to reverse recent net losses at their US upstream divisions.

Shell entered the Permian six years ago with the US$1.9 billion purchase of rights to more than half a million acres from Chesapeake Energy Corp. Now, the European giant is considered a potential suitor for the Permian assets BHP Billiton Ltd is seeking to unload because Shell’s existing holdings are nearby.

Pintaras Jaya Bhd has been awarded a contract worth RM68.5 million by Bina Puri Development Sdn Bhd for works related to a mixed development in Brickfields, Kuala Lumpur.

The job scope entails piling and substructure works for a proposed development comprising 54 levels of office suites, two blocks of 63 levels of service apartments, food court, commercial lots and car parks.

In the nine months ended Dec 31, 2017 (9MFY18), Perstima's net profit slumped by 75.1% to RM9.75 million from RM39.2 million in 9MFY17, though revenue rose 15.94% to RM705.73 million from RM608.69 million.

Salcon Bhd’s indirect 60%-owned unit has secured a RM18.95 million contract from China State Construction Engineering (M) Sdn Bhd (CSCE) for a 20-month work order under a mixed development on Jalan Segambut.

The project involves the construction of two blocks of service apartments, related facilities, one guard house, and one unit of electrical substation. Salcon said it will contribute to the company’s books in its financial years ending Dec 31, 2018 (FY18) and FY19.

Sunway Construction Group Bhd (SunCon) is forming a 49:51 joint venture (JV) with Singapore-listed Hong Leong Asia Ltd to jointly tender for the lease of a piece of land in Singapore from Singapore's Building and Construction Authority (BCA).

If successful, the two companies plan to develop the land for the manufacture and sale of precast concrete building components. SunCon said it will also benefit from the proposed JV in the long run through productivity improvement and reduced reliance on foreign workers, but did not elaborate.

WZ Satu Bhd’s net profit in the quarter ended Nov 30, 2017 (1QFY18) slumped 94% to RM497,000 from RM8.5 million a year ago, dragged by weaker results in the mining and civil engineering and construction segments, and losses incurred by its associates.

This is despite revenue rising 6% to RM138.16 million against RM130.17 million, helped by higher topline contribution from its oil and gas (O&G) division, but which was largely offset by lower revenue from other subsidiaries.

THEEDGE

COMPANIES IN THE NEWS

AmProp, AppAsia, Ecofirst, Genetec, Ikhmas Jaya, MBSB, Mudajaya, Perstima, Pintaras, Salcon, SunCon and WZ Satu

KUALA LUMPUR (Jan 30): Based on corporate announcements and news flow today, stocks in focus on Friday (Feb 2) may include: AmProp, AppAsia, Ecofirst, Genetec, Ikhmas Jaya, MBSB, Mudajaya, Perstima, Pintaras, Salcon, SunCon and WZ Satu.

Amcorp Properties Bhd’s joint-venture unit with Grosvenor Europe Investments Ltd has acquired a residential development project in the Chamberi district of Madrid, Spain.

The JV — in which Amcorp increased its capital commitment to €50 million from €35 million this month — will develop 15 exclusive apartments and two penthouses in a seven-storey building in consultation with architectural firm Cano Y Escario.

The Malaysian Institute of Accountants (MIA) has appointed AppAsia Bhd’s unit as the service provider for the development of a platform to facilitate the audit company's bank accounts confirmation process.

The contract sum and period for the platform — dubbed Electronic Bank Confirmation Platform — was not disclosed. However AppAsia said that it will fund the contract through internal funds and/or external borrowings, and that the contract will contribute to its books throughout its duration.

Ecofirst Consolidated Bhd’s net profit for the quarter ended Nov 30, 2017 (2QFY18) rose over five-fold to RM27.52 million from RM5.23 million a year ago, thanks to higher contribution from its property development division, and a land sale worth RM28.4 million.

Quarterly revenue more than tripled to RM40.43 million from RM12.07 million previously, mainly from two property development projects — Liberty @Ampang Ukay and Upper East @Tiger Lane, Ipoh.

For its half-year period ended Nov 30 (1HFY18), Ecofirst saw net profit rise almost five-fold to RM31.12 million, from RM6.56 million in 1HFY17, while revenue nearly tripled to RM85.22 million from RM29.61 million.

Genetec Technology Bhd plans to set up a consortium with China Rainbow International Investment Co Ltd (CRIIC) and India-based VBC Fertilisers & Chemicals Ltd (VBC) to develop an ammonia and urea manufacturing plant with annual capacity of 2.5 million tonnes in India.

The three companies inked a Memorandum of Understanding (MoU) with the Malay Chamber of Commerce Malaysia (MCCM). Under the MoU, Genetec will facilitate CRIIC’s participation in the project, which will provide funding totalling 30% of the project costs.

Ikhmas Jaya Group Bhd has bagged two contracts worth RM38.5 million to undertake subcontract bored piling works under the light rail transit line 3 (LRT3) project.

Its wholly-owned subsidiary Ikhmas Jaya Sdn Bhd has accepted the letters of award from Mudajaya Corp Bhd to undertake subcontract bored piling works in Zone 2 and 3 for Package GS01 — comprising works for guideway, stations, 'park and ride', ancillary buildings and other associated works for the project delivery partner MRCB George Kent Sdn Bhd.

Malaysian Building Society Bhd (MBSB) announced a single-tier final dividend of five sen per share for the financial year ended Dec 31, 2017 (FY17), after its net profit almost tripled in the fourth quarter ended Dec 31 (4QFY17) to RM123.98 million from RM45.64 million in 4QFY16.

The higher net profit was helped by lower cost of funds and lower allowances for impairment losses, as its kitchen-sinking exercise first initiated in 4QFY14 comes to an end. This came despite revenue coming in slightly lower at RM818.27 million, versus RM819.4 million a year earlier.

For the full-year period, net profit more than doubled to RM417.13 million from RM201.41 million, while cumulative revenue retreated slightly to RM3.26 billion from RM3.27 billion.

Mudajaya Group Bhd’s wholly-owned unit has issued Green Sustainable and Responsible investment (Green SRI) Sukuk Wakalah worth RM245 million to fund its proposed 49MW solar photovoltaic (PV) plant in Kuala Kangsar, Perak.

The sukuk — rated AA-IS by Malaysian Rating Corp Bhd — has a tenure of up to 18 years from the issue date, with coupon rates between 4.96% and 6.35%, payable semi-annually.

Perusahaan Sadur Timah Malaysia Bhd (Perstima) saw its profit fall 76% in its third quarter ended Dec 31, 2017 (3QFY18) to RM3.4 million from RM14.16 million a year ago, no thanks to lower profit margins and sales volume.

Quarterly revenue, however, was up 0.4% to RM233.89 million from RM233.04 million, as higher average selling price made up for the lower sales volume.

many players don't want to play with counters QR around the corner, the result can be good or bad it doesn't matter

RHB Bank to raise interest rates on Friday
Read more at https://www.thestar.com.my/business/business-news/2018/01/30/rhb-bank-to-raise-interest-rates-on-friday/#LPl3ofeCtShOwgRE.99

Stocks sucked under by bond market breakout
Read more at https://www.thestar.com.my/business/business-news/2018/01/30/stocks-sucked-under-by-bond-market-breakout/#lOHMd6gEwlHUXmKc.99

i hope the free warrant announcement soon :)

IMAO this company good hard working company

yes friday, 2 days no bursa, public holiday thaipusam and FT day

yay i own hibiscus below I ringgit, alex thats old problem before anasuria, something got to do with investment in the norway company, if I'm not mistaken

BOUGHT. I trust AllianceDBS TP

still holding

ty 4 sharing

noted!

You guys spend most of your day researching stocks. What are some companies that you like that don't make it on the show?

IMAO if u r comfortable with the risk, stay, if u r not comfortable with the risk, cut loss, not any particular players fault, there's so many factors in stock market, yesterday I saw someone in i3 posted dropped in China market, be careful with china link stocks. I dunno how many here saw that recommendation. Then again up to u want to hold on, after all its ur money

After KFC deal not renewed, DBE Gurney registers unit for property development
http://www.theedgemarkets.com/article/after-kfc-deal-not-renewed-dbe-gurney-registers-unit-property-development

0.61

gogogo

c'mon baby we can do it!

I think market today active blue chips only. I intend to keep mine. Not selling LOL

good news Nikmon

gogogo

ty for sharing ilovehits

this website belong to my friend tessa, you can read here https://superawesomedeals.wordpress.com/selection/

just sharing

good morning!

the staff not necessarily from Puncak or TRI, from his other smaller companies, which I heard more than 30

Hard to say NO, his staffs vote YES, planted inside the meeting

Bursa to trade higher next week
http://www.themalaymailonline.com/money/article/bursa-to-trade-higher-next-week1#uZQlxISrCYcO8VxG.97

Ire-Tex CEO sacked after five months, board rejects his showcause letter reply
http://www.theedgemarkets.com/article/iretex-ceo-sacked-after-five-months-board-rejects-his-showcause-letter-reply

i think this counter up whenever GK up

ty Tessa!

yw!

on my own, no consultant :)

Tessa! long time no see, h r u?

found this online

https://themalaysianreserve.com/2018/01/16/t7-global-complete-aerospace-parts-plant/

I hope 2 :)