Tessa, will do!
TYVM

1MDB’s position does not reflect distress among GLCs in Malaysia: Moody’s

KUALA LUMPUR: The current 1Malaysia Development Bhd’s (1MDB) position does not indicate distress among government-linked companies in Malaysia, said Moody’s. The GLCs, it said, have continued to service their outstanding debt due to their solid track record of corporate governance and profitability, and no guarantees have yet to crystallise on the government's balance sheet. In its latest analysis, the sovereign rating agency expects companies rated to be resilient to external and domestic challenges. “Malaysia’s (A3 positive) economy is demonstrating an ability to absorb multiple headwinds such as low commodity prices, currency weakness and contingent liability risks, which is in turn supporting the credit profiles of the country's rated entities,” said Rahul Ghosh, a Moody's Vice President. “We expect Malaysia to continue demonstrating macroeconomic resilience — namely, moderating but still positive GDP growth, low inflation rates, and a sustained current account surplus — despite an adverse external environment and slower domestic consumption.” This situation should ensure a reasonably supportive backdrop for rated issuers. However, renewed commodity price slump and aggressive Fed tightening would be credit negative for rated issuers. “In the event that global commodity prices, particularly oil, correct significantly and remain depressed over the course of 2015 and 2016, Malaysia could experience both twin fiscal and current account deficits and renewed capital outflows,” he warned. On the outlook for Malaysia, Moody’s said the current assumptions point to a soft landing in the Malaysian economy. Moody's expects Malaysia’s economy to slow to 4.8 per cent in 2015 from 6.0 per cent last year, the current account surplus to narrow to 3.7 per cent of GDP from 4.6 per cent in 2014, and the fiscal deficit to improve slightly to 3.2 per cent of GDP from 3.5 per cent. “External risks will persist, but are manageable, and the external environment will remain challenging over the coming quarters, on the back of weak energy prices and the likelihood of monetary tightening in the US.” It said such an environment is likely to hurt revenues for the sovereign and energy major Petroliam Nasional Bhd (A1 stable) this year and next. Similarly, debt levels are at risk of rising for plantation companies, due to lower EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) and cash generation, as a result of weaker palm oil prices. “The majority of Moody's-rated entities will absorb adverse external conditions over the coming quarters due to their low exposure to commodity prices and exchange rate volatility.” Moody’s said private consumption growth in the country is expected to weaken in the coming quarters, in the wake of the implementation of the goods and services tax (GST) in April, as well as the high levels of household debt; both factors of which will weigh on headline economic expansion. It added the impact of a weak consumer on the banks and corporates is unlikely to prove a major credit stress.

1MDB audited assets worth RM51.4b

KUALA LUMPUR: The total worth of 1Malaysia Development Bhd (1MDB) audited assets for the financial year ended March 31, 2014 was RM51.4 billion, the Dewan Rakyat was told on Wednesday.

The assets comprised current assets worth RM19.5 billion and non-current assets valued at RM31.9 billion, according to a written reply from the Finance Minister to a question from Wong Chen (PKR-Kelana Jaya).
It said 1MDB has solid assets, including two sites earmarked for the Tun Razak Exchange and Bandar Malaysia in the capital.

Other assets include a 94.69-hectare (234 acres) land in Penang, 13 power plants, and desalination (facilities) in five countries.

"The value of the 1MDB assets is supported by its valuation or book value, which was confirmed by an independent auditor (Deloitte)," according to the reply.

To a written question from Tony Pua Kiam Wee (DAP-Petaling Jaya), the Finance Minister said that the arrangement between 1MDB and International Petroleum Investment Corporation (IPIC) was made at 'arm's length' with the commercial terms concluded in accordance with market standards.

This is based on information submitted by 1MDB management to the Ministry of Finance.

"An appropriate announcement will be made when the final redemption option value is completed and reported in the next audited financial statements," the reply said.

Pua asked why 1MDB obtained guarantees from IPIC in the issuance of bonds totaling US$3.5 billion that set unfair conditions.

He also wanted to know the amount paid by 1MDB to redeem the options granted to a subsidiary of IPIC, Aabar Investments PJS.- Bernama

hi tess, just came from your website :-)

no-good market days :( tomorrow Friday :(

market red red sea

Huat Ah !!!

Foreign funds tip-toeing into Bursa with net buying of nearly RM45mil

KUALA LUMPUR: Foreign funds were nibbling on Bursa Malaysia on Monday with net buying at RM44.80mil while local institutions were also seen actively trading with net buying at RM2.9mil.

According to BIMB Securities Research retail investors were doing otherwise and were reducing their stockholdings with net selling at -RM48.7mil.

On the performance of the FBM KLCI on Monday, it said the 30-stock index traded sideways throughout the session but the last minute rally sent the index to end 11.58 points higher, closing at 1,823.50 lifted by O&G and power counters.

“We expect the index to remain positive today as we still maintain our 2015 target at 1,850 for now, driven by strong buying interest from foreign investors. Expect to see immediate resistance at 1,830,” it said.

BIMB Research said European stocks ended higher, after positive developments in Greece’s long-standing debt crisis and a weakening of the euro against the dollar.

Wall Street also closed higher S&P 500 and Dow industrials both finishing the day at record levels as the Fed hinted that interest-rate hike will delay until 2016. The DJIA and S&P500 gained 0.14% and 0.3% respectively to end at 18,298.88 and 2,129.20 respectively.

In Asia, key indexes closed mostly higher as investors looking ahead to U.S. housing data and minutes of the Federal Reserve’s April meeting due this week. The Nikkei 225 added 0.3% on weaker yen. Meanwhile Hong Kong closed negative on profit taking. Star

WooHoo!

:-)

There's no need to run. :)

I'll keep my fingers crossed.

http://www.sharetisfy.com/2015/04/biohldg-0179-ipo-bioalpha-strong-backup.html

Girls... Happy weekend!!

GTG

website : http://www.bioa.net/profile.asp

aha those were the days, ys biohldg

US confirms duties on imported steel nails from Malaysia, others
The U.S. Department of Commerce confirmed import duties on steel nails from South Korea, Malaysia, Oman, Taiwan and Vietnam after finding they were being sold below cost in the United States. Anti-dumping duties ranged as high as 323.99% for goods from Vietnam, which was also found to be providing unfair government subsidies to its domestic
industry and is being subjected to separate anti-subsidy duties. Mid Continent Steel & Wire, the largest bulk pallet nail manufacturer in the United States, lodged the complaint. A final decision from the International Trade Commission is due by June 27, 2015. Reuters

whoa!!

thanks tess :)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4730297

director buying shares and warrants?

Yee Lee added it had successfully secured the exclusive distributorship of Red Bull Gold, Red Bull Less Sugar and Red Bull Bottle energy drinks in Malaysia, which is expected to contribute positively to the group's future profitability.

GTG

red red everywhere :(

AffinHwang IB vice president and head of retail research Datuk Dr Nazri Khan said that Bursa Malaysia should stabilise and take a sideway track this week, after being squeezed by negative global economic data, Greece funding stalemate and bearish statement from USA Federal Reserve on asset valuation.

He said any weakness however should be cushioned by positive momentum from ringgit (w-o-w up 4.2% to 3.5650), brent oil price (w-o-w up 3.8% to USD69.20), the tabling of 11th Malaysian Economic Plan and the upcoming Malakoff mega IPO.

GTG

next week?

Average TP 1.80 :)

Perwaja

Abu Sahid tells StarBizWeek: “I don’t know the deal… It is a memorandum of understanding (MoU), so I won’t know if it’s a done deal. But if it’s good for the company, why not? Datuk Alan Ong sits on Maju Holdings Sdn Bhd’s board. He is a smart guy. He knows what to do.”

Tessa, haha you got there first!

Rapid Synergy Bhd substantial shareholder and director Datuk Dr Yu Kuan Chon has trimmed his stake in the company via open and off-market share trades. Dr Yu had sold 241,000 shares or 0.3% stake yesterday (May 5). 60,000 shares sold at RM5.75 each on the open market. Another 181,000 units were sold off market at RM5.50 each.

hohoho

rozali the Big Boss?

Luster eyes lottery outlet expansion in Phnom Penh,Cambodia in the first year,before subsequently looking into other provinces there. Trading in Yokohama Industries Bhd shares will be suspended with effect from 9am on May 13 as a prelude to a delisting. R&A Telecommunication Group Bhd has triggered the Guidance Note 3 (GN3) of the ACE Market Listing Requirements of Bursa Malaysia Securities Bhd.

Good Night!
GTG

Micro-leading technology MQTECH the company has made the entire issued and paid-up share capital at February 11, 2015 a shell company called STAR ACRES SDN BHD. STAR ACRES SDN BHD in November 25, 2014 incorporated.

Micro-leading technology MQTECH and CASH SUPPORT Sdn Bhd (CSSB) signed a tentative agreement (HOA), to the joint venture development of industrial projects in Malacca MQTECH micro collar wholly owned subsidiary of STAR ACRES Technology Sdn Bhd, will set up a joint venture company with CASHSUPPORT, in Malacca to build a theme park. Micro-leading technology and CASHSUPPORT, will respectively hold 51% and 49% stake in the joint venture company. CASH SUPPORT affiliated companies to acquire local a 10.727 acres of land leased for 50 years to develop the industrial project. Wherein the Malacca State Government has agreed to and approved CSSB is the right to alienate the beneficial owners and legal holders of the absolute domination of alienation registered four areas of land measuring about 197 acres located 格勒邦 town (KLEBANG) Central District of Malacca.


Malacca
Malacca is a city with a glorious history hidden. Although among the smallest state, but when it comes to history, Malacca is the richest. Once the phone port state ship and has developed more than 600 years of trading and cultural exchanges between East and West in the Straits of Malacca between. The end of the 15th century, Malacca has become a great trading empire, but also as the intersection of the Arabs, Indians, South American, Chinese, Portuguese, Dutch and British sailing each country. With the evolution of history, Malacca become a cultural city with stunning mixture, namely Malay, Chinese, Indian, Chittys, Baba and Nyonyas and Portuguese. This historical houses and buildings of cultural and racial melting pot of architectural design is very influence in Malacca today.
Malacca is Malaysia's most popular tourist destinations. It has developed more than 500 years of trading and cultural exchanges in the Malacca Strait. Malacca became more prominent it was included in the United Nations (unesco) UNESCO World Heritage city historic city Strait List under "Malacca" in the July 7, 2008. Such market means Malacca indirectly belongs to all the world, regardless of their location on the territory. Annual government spending a lot of money to strengthen cultural and heritage tourism in Malacca although tours are highly recommended destination to capture more visitors.
 
Heritage
According to state law in 2005 in Malaysia, including cultural heritage, tangible or intangible property, structure or component form. It may include heritage items, objects, items, artifacts, formation structure, performance, dance, song and way of life of Malaysians and contemporary history, or on land or underwater cultural heritage is a tangible form, but does not include natural heritage related Music. Heritage tourism is described as an economic activity, in order to attract tourists involving inheritance and social use of cultural assets.
 
A state benefit from the fact that "tourism" and "Government's development plan"
 


A state benefited from the fact that the tourism industry - tourism is one of the most dynamic industries in many countries around the world, Malaysia is no exception. Tourism has become the second largest contributor to the economic growth of Malaysia. Malaysia has been recognized as a world-class tourist destination, has won a list of the top ten place in Lonely Planet Lonely Planet's, and the New York Times makes the whole country as one of the top 40 places, places to visit. Tourism is a key economic zones of State and Government, which is part of one of the main sectors of the overall economic transformation program (ETP) in. By 2020, Malaysia hopes to receive 36 million tourists brought earnings of 168 billion ringgit. In the same spirit, in Melaka tourism industry has a huge potential for the country. Unique city of Malacca was given a special and multi-cultural heritage and steep, with different cultures, different races to live in harmony, religion or belief centuries long history of tradition. Heritage is not just a product of Malacca tourist market but also has the Malacca icon in Contemporary Malaysian identity. Malacca is famous because of its well-preserved culture and heritage. Malacca was officially included in the United Nations Educational, Scientific and Cultural Organization (UNESCO) as one of the World Heritage Sites (WHS). Increase the total number of passenger arrivals Malacca

Bursa Malaysia Securities has queried Scanwolf Corporation Bhd after its share price surged to a high of 92.5 sen on Tuesday.

At the end of the morning session, it was up 25 sen to 87.5 sen. There were 5.38 million shares traded at prices ranging from 64.5 sen to 92.5 sen.

The regulator had directed the plastic extrusions manufacturer and property developer to provide an explanation about the surge in share price to 92.5 sen, which was the highest since April 15.

On April 23, Scanwolf appointed PKF Covenant to conduct an investigative review on the group following the discovery of possible irregularities in implementing several development projects.

SEACERA Group Bhd’s MD Zulkarnin Ariffin increased his stake in the company by acquiring a 1.37% stake on April 29. Some 2.5 million shares were transacted at 69 sen apiece. He is currently the largest shareholder with a 20.7% direct stake and an indirect stake of 4.4%. Seacera Group is a ceramic tile manufacturer as well as a property developer.

The group is looking to develop a concept township project with a gross development value of more than RM10 bil on a 202.34ha site in Hulu Langat. It was reported that manufacturing company would develop the land either on its own or through a partnership. However, additional details of the project would be made public once the company has a concrete decision. The counter closed higher at 83.5 sen – up one and half sen – on April 29.

At Eden Inc Bhd, substantial shareholder Paramasivam Seerangam disposed of a 3.11% stake in the company, according to exchange filings dated April 27-29. The disposal leaves him with 6.42% interest in Eden. The company is diversified from production of cakes and pastries, restaurant operator, to manufacturer of electrical and engineering parts.

In an exchange filing on April 28, Pelita Niagamas Sdn Bhd emerged as a new substantial shareholder in Ge-Shen Corp Bhd. Pelita Niagamas took up a 14.3% stake or 11 million shares in the company at 68 sen per share. Pelita Niagamas is linked to Chan Choong Kong, the non-executive director in Opus Asset Management Sdn Bhd, a fund management company.

Another filing on April 27 showed that largest shareholder, Ge-Shen Resources Sdn Bhd, disposed of the same amount of shares at 68 sen. The disposal leaves it with 29% stake in the plastic component manufacturer. Ge-Shen Resources is owned by Wong Yee Keh (MD), Han Hun Kwong (executive director) and Teo Chin Swee (executive director).

waiting....

my tp 0.45
hohoho

esceram not bad huh

YS LOL!!

thanks tess for the updates

duit, welcome! welcome! 2 ladies Zzzzzz

YS, the Ramadan Effect holds that stock returns are higher and volatility lower in Muslim countries during the holy month of Ramadan.

YS When is the Start of Ramadan 2015?

tyvm sweets!!

KNM GROUP BERHAD - WARRANTS 2015/2020

MMHE
Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) net profit for the first quarter ended March 31, 2015 increased 4% to RM36.03mil, from RM34.63mil a year ago on the back of higher revenue from the group’s offshore and marine divisions.
MAXIS
Maxis Bhd’s earning rose 21% to RM410mil in the first quarter ended March 31, 2015 from the preceding quarter’s RM339mil, riding on the positive momentum from its transformation initiatives.
DiGi
DiGi.com Bhd's net profit for its first quarter ended March 31, 2015 slipped 1.2% to RM479.21mil from RM485.15mil a year ago due to seasonally higher device sales and impact from lower margins.

In sea of red ink, KNM WB flash green

why???

buy buy
hohoho

will do!

LOL

why RM1.20. next week?