MPAY
Slow like tortoise

ALAM MARITIM

GUOCOLAND (Malaysia) Bhd director Paul Poh Yang Hong reshuffled his interest in Alam Maritim Resources Bhd when he acquired 34 million shares or a 3.68% stake in the company from Caprice Capital International Ltd, his investment vehicle. Post-acquisition, Poh also owns an indirect stake of 4.34%.

According to exchange filings on April 23, Poh first emerged as a substantial shareholder in the marine offshore service provider on June 5 when he acquired 63 million shares at RM1.35 per share. Interestingly, the counter’s share price has come down by almost half from the day he bought into Alam Maritim compared to the closing price of 68 sen at April 23.

TOP GLOVE

Australia-based Northcape Capital Pty Ltd emerged as a new substantial shareholder in Top Glove Corp Bhd on April 22. Following recent purchases, Northcape Capital now holds a 5.02% or 30.9 million shares. Northcape Capital is an investment manager that specialises in Australian and international listed equities.

Northcape Capital ceased to be a substantial shareholder on Feb 26 when it disposed of one million shares, leaving it with a 4.96% stake.

Top Glove is the world’s largest rubber glove maker. Its new factory in Klang came on-stream in February, boosting production capacity to 44.6 billion gloves per annum. It is also expected to add another 1.4 billion capacity of latex gloves and 6.2 billion capacity of nitrile gloves to bring its total capacity to 52.2 billion pieces by September next year. The counter’s share price surged by 18% to a one-year high of RM5.45 on April 23 from RM4.60 on Jan 2.

HAPPY SATURDAY!!!

GPA to change its fortunes with tie-up

GPA Holdings Bhd, suffering losses for the last three years, is looking to change its fortunes with a tie-up with the world’s largest producer of automotive batteries, Johnson Control Inc of the US.

Controlled by low-profile businessman Tan Sri Tan Hua Choon, GPA has incurred losses since FY12. The battery-maker in December entered into a partnership with US-listed Johnson Control to produce the latter’s Delkor batteries. Delkor Co Ltd, a unit of Johnson Control’s, is one of the leading comprehensive battery producers in the world.

The tie-up is part of GPA’s plans to remove its low-margin production line, expand its branding exercise and venture into batteries-trading.

With the partnership, GPA executive director David Lai Sze Pheng says, the Klang-based company expects a turnaround by the first half of FY16. As of April 22, Tan’s shareholding is 23.26%.

GPA produces two types of battery – valve-regulated, lead-acid (VRLA) batteries, usually used in devices that require large amounts of electricity storage; and seal lead acid (SLA) batteries, usually used in the automotive sector.

GPA’s export markets include China, Vietnam, India, Africa and the Middle East.


For the full story, please subscribe to Focus Malaysia.

in the annual report!

GTG

ouch!

http://www.ezytred.com/

Online Fashion Wholesale & Trading | Online Fashion Boutique
AppAsia Mall Sdn Bhd

LOL

Are you in it?

be positive!!!!!

Press Metal under selling pressure as technical outlook weakens
Friday, 24 April 2015

KUALA LUMPUR: The shares and call warrants of Press Metal skidded on Friday on selling pressure as the technical outlook weakened.

At 10.13am, PMetal was down 32 sen to RM2.92, Petal-WC fell RM1.83, PMetal-CJ 9.5 sen to 10.5 sen, PMetal-CG 8.5 sen to 14 sen and PMetal-CA 8 sen to 28.5c

The FBM KLCI was up 13.02 points or 0.71% to 1,859.10. Turnover was 595.95 million shares valued at RM425.27mil. There were 309 gainers, 222 losers and 272 counters unchanged.

Kenanga Investment Bank Research, in its technical analysis, said PMetal dropped 11.0 sen or 3.28% to close at RM3.24 on Thursday, settling below the 20-day simple moving average (SMA) line.

“Recall that we have revised our TP to RM3.73 based on ‘Symmetrical Triangle’ measurement objective. However, the share price experienced heavy profit taking and broke below its key support-turned-resistance level of RM3.31 (as well as its 50-day SMA level).

“Technically, the chart has turned less compelling with all the indicators moving south. This prompt us to take a more conservative route by locking in our gains (37% return within four-months period), despite the share price did not meet out stop-loss level of RM3.20. We might revisit the stock when the share price technical picture becomes more attractive again,” it said.

lalalala

thanks bro rikki!

:-) Oil and gas service provider Icon Offshore Bhd does not expect the remand of its chief executive officer (CEO) and chief operating officer to have any financial or operational impact to the group :-)

Tess, Thanks for the highlights!!

news?

Results in line

moving!!

moving up!

my TP 0.45!!!
hohoho

GBH, whose net profit fell 95% to RM241,000 in the financial year ended Dec 31, 2014, declared a first interim dividend of 12 sen per RM1 share on Tuesday.

GTG

Lai Lai

true! true!!

TP 0.72?

bursamaster :)))))

Yo, Bro Hit, you can ask Bro CT

I dare not say :-)

bro
my tp 0.25 :-)

Banking tycoon Tan Sri Quek Leng Chan has ceased to be a substantial shareholder in mid-cap fabricator TH Heavy Engineering Bhd (TTHE), effective yesterday (April 14).

oh my

Damansara Realty Bhd (D Bhd) made a loss for the financial year ended Dec 31, 2014, not a profit as announced in its recent quarterly unaudited results report to Bursa Malaysia.

The Johor-based developer told the exchange on Wednesday that it did not record a net profit after tax of RM3.035mil; instead, it incurred a net loss after tax of RM4.505mil.

q buy 0.25

what?!!?

110%

ho ho ho

richman, what's your price target?

http://www.ablegroup.com.my/?page_id=53
c'mon baby!

:-)

Zhang Li - Top 10 real estate tycoons in China
bought a bit
GTG

Net worth $1.73 Billion
hohoho

Zhang Li?

what have you been up to lately?

Thanks Tessa! Its good to see you again!! :-)

Johan Holdings Bhd’s net losses widened to RM19.38mil in the fourth quarter ended Jan 31, 2015 from RM16.36mil a year ago, mainly due to the foreign exchange losses caused by the depreciation of the ringgit.

http://superawesomedeals.com.my/

Star

Late selling of DiGi and Sime Darby dragged the FBM KLCI into the red at the close on Tuesday on fund selling while the US dollar hit multi-year highs against the euro, yen and the ringgit also.

At 5pm, the KLCI was down 2.01 points or 0.11% to 1,789.73. Turnover was 2.538 billion shares valued at RM2.319bil. There were 457 gainers, 350 losers and 338 counters unchanged.

Key Asian markets fared worse than the KLCI with losses ranging from 0.25% to 0.94%. The ringgit weakened to 3.7040 against the US dollar from the previous close of 3.6780.

After the ringgit, the Indonesian rupiah is the worst performing emerging Asian currency so far this year, with a 5.2% loss against the dollar, Thomson Reuters data showed.

Reuters reported the US dollar hit multi-year highs against the euro and yen on Tuesday on the growing chance of the Federal Reserve hiking interest rates by mid-year, the prospect of which also hurt stocks and currencies from emerging markets.

At Bursa Malaysia, DiGi fell 16 sen to RM6.18 and erased 2.17 points from the KLCI while Axiata lost five sen to RM7.11 but TM rose five sen to RM7.15 and Maxis two sen to RM7.08.

Crude palm oil for third month delivery fell RM39 to RM2,232 per tonne. Sime Darby fell 17 sen to RM9.17 and wiped out 1.84 points from the KLCI, IOI Corp lost nine sen to RM4.55, while FGV and KLK were unchanged dat RM2.20 and RM22.22 and PPB bucked the trend to gain 18 sen to RM14.62.

Puncak Niaga fell 17 sen to RM2.53 and Puncak-WB 11 sen lower at RM1.60 after the water deal between Selangor and Putrajaya lapsed.

Among the banks, CIMB gained 15 sen to RM5.95 and pushed the KLCI up 2.207 points while HLFG added 12 sen to RM17, Maybank three sen to RM9.23, AmBank two sen to RM6.35.

Consumer stocks were mixed with BAT down 82 sen to RM67.72 but GAB added 26 sen to RM14.94 and Nestle 20 sen to RM74.20.

Crude oil prices retreated with US crude down 38 cents to US$49.62 and Brent 64 cents lower at US$57.89.

Petronas Chemicals fell six sen to RM5.15, PetDag was flat at RM18.58 and PetGas gained six sen to RM22.52.

Among the key regional markets,

Japan’s Nikkei 225 fell 0.67% to 18,665.11;

Hong Kong’s Hang Seng Index fell 0.94% to 23,896.98;

Shanghai’s Composite Index fell 0.49% to 3,286.07;

Taiwan’s Taiex fell 0.28% to 9,536.53;

South Korea’s Kospi fell 0.4% to 1,984.77 and

Singapore’s Straits Times Index lost 0.25% to 3,396.04.

Oh I see red :(

Quick Bites

-Inari Amertron Bhd’s five million shares were transacted at discount of 13.8% below the market price in an off-market deal at midday on Monday.
-EITA Resources Bhd has teamed up Shanghai STEP Electric Corporation to undertake elevator and escalator control systems outside China.

Hitman ho ho ho
GTG Lunch 2!

welcome! welcome!

It's time too work a little harder :(

Hi all!

1. Global sales of smartphones to end users totaled 1.2 billion units, up 28.4% from 2013 and represented two-thirds of global mobile phone sales, says leading IT research and advisory company Gartner, Inc.

2. The implementation of the goods and services tax (GST) come April 2015 will have some impact on the property market, said PPB Group Bhd chief operating officer (properties) Chew Hwei Yeow.

3. Property developer, MK Land Holdings Bhd, will launch two projects this year with a combined Gross Development Value of RM600mil, says group chief executive officer Lau Shu Chuan.

Cheers!
GTG!!!!

1. Port terminal operator Integrax Bhd has recommended shareholders reject the revised offer by Tenaga Nasional Bhd at RM3.25 a share.
2. Censof Holdings Bhd has fixed the issue price for the second tranche of five million shares under its private placement at 41.5 sen each.
3. Kwasa Land Sdn Bhd expects to reap RM68mil in income from the proposed property Project R3-2 in Kwasa Damasara, Sungai Buloh which will be undertaken by Impiana Land & Development Sdn Bhd.

GTG