what??!!?? You Can Cook Wajik

hohoho

Asia Bioenergy Bhd UMA!

Happy CNY! I hope you have a happy and safe holiday!

legally obligated 2.5% :)

connie cheers!

Really? Haha!

Fans of PJDEV

Latest News

PJ Development Holdings Bhd’s net profit jumped 30.65% to RM32.59mil in the second quarter ended Dec 31, 2014, from RM24.94mil in the corresponding quarter a year ago due to higher earnings from the construction, property, and integrated building system units.

Revenue for the quarter slipped marginally by 0.51% to RM240.40mil compared with RM241.64mil a year ago.

“The cable division from the manufacturing and trading division recorded lower revenue and pre-tax profit as compared with the previous corresponding period due to lower revenue contribution from the government sector,” the company said in a filing with Bursa Malaysia.

Furthermore, its hotels and leisure units’ revenue fell slightly by 1.5% to RM 32.1mil from RM32.6mil a year ago because of lower occupancy rates for the current hotel industries in the market.

The company said its property unit’s revenue increased 46.8% of RM133mil in the quarter compared with RM90.7mil a year ago because of the push from the sales performance of the current property development projects.

Its construction unit’s pre-tax profit surged by 279% to RM14.8mil compared with RM3.9mil a year earlier as there was a reduction of construction cost compared with the original construction budget.

Surprising 4th quarter growth despite weak oil price

KUALA LUMPUR: Malaysia’s economy unexpectedly expanded by 5.8% in the fourth quarter of 2014, bolstered by strong domestic demand.

Economists had earlier anticipated that growth in the last quarter of 2014, which saw a steep drop in global oil prices, would be slower at 5% compared to the gross domestic product (GDP) of 5.6% recorded in the third quarter.

With the strong growth in the fourth quarter, the country’s overall GDP growth for 2014 is 6%, marginally higher than consensus expectations of 5.9%, and within the Government’s forecast growth of 5.5% and 6.5%.

Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz, who called for an unscheduled press conference to announce the fourth-quarter economic growth yesterday, said she expected the Malaysian economy to remain on a steady growth path despite the uncertainty in the global economic environment.

She said this was due to the country’s diversified economic structure supported by strong fundamentals such as low inflation, favourable employment conditions, low external debt and ample international reserves.

“Yes, of course, we are affected (by the drop in oil prices) but because we took steps to diversify our economy, diversify our exports, diversify the revenue base of the Government and so on, all this has paid off.

“Domestic demand is now the anchor and driver of growth. If we didn’t do that economic restructuring, our growth will be a lot lower. It would probably be like 2% or 3% or even less as a result of this,” she said, explaining that the press conference was held to address what she described as the misconception of the Malaysian economy being overly reliant on oil revenues.

The domestic demand was driven by strong growth in private-sector spending in the fourth quarter. Private investments grew 11.2%, up from a growth of 6.8% in the previous quarter, mainly due to capital spending in the manufacturing and services sectors.

Zeti said the manufacturing sector’s growth was supported mainly by export-oriented industries, particularly in the electrical and electronic clusters.

Surprisingly, the mining sector, on the other hand, posted a 9.6% year-on-year growth in the fourth quarter due to higher crude oil production. This is despite the decline in crude oil prices in the said quarter.

“Malaysia’s oil production increased by 13.6% year-on-year to 665,000 barrels per day during the quarter,” she said.

Moving forward, the central bank expects domestic demand to be the anchor of growth for the country. The lower fuel prices are expected to result in a higher disposable income of some RM7.5bil.

“We expect that the lower fuel prices will contribute to a higher disposable income of some RM7.5bil, which will provide some sustained growth. Meanwhile, the export performance could continue, but not at the strength that we expect,” she added.

On the household debt position, Zeti said loans growth to households grew at a slower pace of 9.9% in 2014 compared with 15% in 2010, while non-performing loans were low at 1.2% as a result of improved assessments of affordability.

She said that household debt, which currently stood at some 86% of GDP, would take quite a while to be brought down.

“Despite the outstanding debt, the loans are not going bad. Only 1.2% of total loans have gone bad. This means that all those borrowers have the ability and job security to pay back their loans,” Zeti said, adding, “The growth in personal loans has halved.”

Touching on the current account, she said it remained in surplus during the fourth quarter and was at about 4.8% of gross national income for 2014.

Zeti said the current account could narrow in 2015 due to the uncertain environment in the global economy. However, she added that there were improvements such as in the United States and United Kingdom economies, both of which were major trading partners of Malaysia, while China’s growth was stabilising in the 7% region.

On the outflow of funds that is impacting the ringgit, Zeti said that Malaysia was in a better position to manage the capital flows because it had greater buffers, a wider range of tools and increased flexibility. The key, she said, was to ensure that the volatility of the flows was contained and did not spill over to the real economy. thestar

kutip!

TH Heavy Engineering Bhd has called off its proposed rights issue with bonus issue.

Muhibbah Engineering (M) Bhd has secured a US$32mil (RM116mil) contract to design and build temporary construction facilities in Pengerang, Johor.

http://www.thestar.com.my/Business/Business-News/2015/02/02/Tong-denies-allegations-he-shorted-the-ringgit/?style=biz

Bursa Malaysia will be closed on Monday & Tuesday, (02 & 03 February 2015) in conjunction with replacement of Federal Territory & Thaipusam day.

ho ho ho

EKA fell as much as 8.7% after the company announced its factory in Sarawak caught fire.

CNY rally!

TY Bro!

Good To KNOW!

Baby Feeding Bottle??

Aha i3 and Tessa's website share the same ad Zalora hahaha

Thank You, Connie. Wishing you a happy New Year. May it be all that you hope it will be! All the best!

If I'm not mistaken, Tess!

Thank you Bro skyhawk

Happy Boxing Day all!

May this Boxing Day be as happy and a cheerful as Christmas was. May the happy story continue till the New Year and take over from there too. Have a great boxing day and a wonderful new year ahead.

Hmm, not bad Tessa!
http://superawesomedeals.com.my/

Wow!!

SANTA CLAUS RALLY? :-)

Oil prices rebound in Asia

SINGAPORE: Oil prices bounced back in Asia Friday after diving to fresh lows in the previous session on expectations that OPEC is unlikely to cut production levels to counter a global supply glut.

US benchmark West Texas Intermediate (WTI) for December delivery rose 27 cents to US$74.48 while Brent crude for January gained 61 cents to US$78.10 in mid-morning trade.

WTI plunged US$2.97 in New York trade Thursday, while Brent crude for December dived US$2.46 in London on the last day of the contract.

"We are seeing a slight rise in oil prices at the moment, but the key driver is still bearish sentiment about any possible OPEC production cut," Ric Spooner, chief market analyst at CMC Markets in Sydney, told AFP.

"Rightly or wrongly, we are seeing price adjustments in anticipation of OPEC not doing anything about global oversupply, or not doing enough," he added.

Concerns about a global supply glut were exacerbated after the latest US petroleum report by the Department of Energy released Thursday showed the country produced 9.063 million barrels per day in the week ended November 7.

That marked the highest production since at least January 1983 when the department began publishing the statistics.

US crude reserves at the oil hub in Cushing, Oklahoma, closely watched by traders because they serve as reference for WTI traded in New York, jumped by 1.7 million barrels last week to 22.5 million barrels.

Dealers are largely expecting the 12-nation Organization of Petroleum Exporting Countries to decide against reducing output to stem the global supply glut, in part caused by a flood of oil extracted from shale rock in the US.

OPEC's next meeting is set for November 27 in Vienna, home to the cartel's headquarters.-- AFP

NinjaGal, What's up! How are you?

what happened to this counter? 1.04? really?

8 million more houses needed in Malaysia
Food for Thought

MY attention was captured by a news entitled “The only place where housing is easily affordable” when reading The Times, a UK paper recently.

While I had expected some light on affordable housing solutions, I was surprised to find out that Copeland is the only area in England where house prices are less than three times the average annual salary of its residents.

According to the same article that quoted a research by UK Trade Union Congress (TUC), the number of “easily affordable” local authority areas across England has fallen from 72 to just one over the last 16 years. In prime areas, house prices reach as high as 32 times the average earnings of their residents.

Frances O’ Grady, the General Secretary of TUC which represents 6.2 million working people in the UK, called for an “ambitious programme” to bring the prices of homebuilding under control.

This resonates with the earlier comments made by the governor of the Bank of England (BoE) Mark Carney who said in May that the only long-term way to effectively bring down home prices is to build more homes.

In the UK, 63.8 million people lived in 26.4 million homes in 2012. This works out to about 2.4 persons per house.

There were calls for more homes even with such healthy ratio. Australia, which has a population of 21.5 million in 2013, has 9.1 million occupied houses or 2.4 persons per house.

At the recent World Class Sustainable Cities 2014 Conference, Kerry Doss from Brisbane City Council showed a slide presentation of persons per household over the past century.

As far back as 1927, Australia was already four persons per household. These made me reflect on the situation of our home country, especially since we too aspire to be a developed nation.

According to National Property Information Centre (NAPIC), we have a total of 4.7 million homes in the fourth quarter of 2013. As NAPIC does not track rural homes, we assume that only urbanites were taken into account in the survey.

This accounts for 70% of our 30 million population or 21 million people. Therefore, on average, there are 4.4 to 6.4 persons per household in our country. T

his is a poorer ratio compared with Australia in 1927. This means we need to build four million to 7.8 million more houses to match the same ratio as the UK or Australia.

While we are aware that the Government aims to build one million affordable homes over a five-year timeline since last year, we still have quite a fair bit to catch up.

This is because we have only managed to build about 73,000 residential units per year for the last three years.

Under Budget 2015, it is encouraging to note that the Government plans to build 80,000 units under PR1MA and 63,000 units under another housing programme. This will bring the total planned units to 143,000. This figure is still way too low and the Government should consider building at least 200,000 units a year to meet the vision of one million affordable homes.

There should be a constant effort to track the progress of home-building. It is important to realise the goal of housing the nation by ensuring yearly targets are met.

Some of the measures that the Government can consider were recommended in my earlier articles.

They included freeing up state land for housing, purchasing agriculture land for development, building houses in rural areas and connecting them to the cities via public transports, as well as expediting the approval process to supply more houses to the market.

In addition to supplying more affordable homes to bring down prices of homes, there are also other factors to ensure that the rakyat have a roof over their heads.

In the same-mentioned article in The Times, Frances O’ Grady commented that, “Housing affordability isn’t just about house prices; decent wages are just as important.” I think it makes good sense and generates more food for thought for our nation.

- FIABCI Asia-Pacific regional secretariat chairman Datuk Alan Tong has over 50 years of experience in property development. He is also the group chairman of Bukit Kiara Properties.

TY Bro fortunebullz.

Lembaga Tabung Haji raises stake in Brahim's
http://www.theedgemarkets.com/my/article/lembaga-tabung-haji-raises-stake-brahims

Fine bro :-)

Good Day Dudes and Divas. :-)

GTG.

PPB to sell support vessel for RM93.5m
KUALA LUMPUR: Perdana Petroleum Bhd (PPB) will dispose of a unit of offshore support vessel (OSV) to Hauston Ltd for RM93.5 million. It will be delivered to the buyer before end-November 2014. The company said the disposal is part of its fleet renewal programme as it had earlier announced the acquisition of two units of 500-men accommodation work barges. “The gain on the disposal is RM1 million and the proceeds will be channeled to the group to meet its operating expenses, repayment of bank borrowings and funding new acquisition of assets,” PPB said. - NST

Good morning, Ladies and gentlemen. Welcome on board this kaki flag flight to Bursa Malaysia...

.... We have certainly enjoyed having you on board today, we hope to see you again real soon, and thanks again for flying with kaki flag.

hahaha

:-)

goodnite ladies :-)

http://www.thestar.com.my/Business/Business-News/2014/04/24/FDIs-still-coming-in-from-US-It-remains-a-top-three-investor-in-Malaysia/

http://www.thestar.com.my/Business/Business-News/2014/04/24/Alam-Maritim-falls-after-share-placement-below-market-price/

Alam stocks -0.10 dropped after its suspension :-)

Stocks To Watch Monday

Redtone

Establishing a RM150mil tele-radiology exchange to cater for domestic and regional hospitals.

The grant from Malaysia Industrial Development Authority giving Redtone of over RM20mil to set up the exchange.

The tele-radiology exchange is expected to be operational by the third quarter of this year.

Salcon has a 36% stake in the JV, MMC 34% and AZRB 30%.

Nearly RM1b Langat 2 water treatment plant awarded to Salcon-MMC-AZRB JV

Salcon has a 36% stake in the JV, MMC 34% and AZRB 30%.

Aha

The Perodua Viva has received the "Value-For-Money Car of the Year (1.3L and below)" award for the seventh year at the Frost & Sullivan's Malaysia Award Ceremony here Wednesday night

Tessa, how's your day going so far? good, bad or okay?

YS thank you for your lovely song.

Good Night Dudes and Divas. :-)

GTG.

http://www.youtube.com/watch?v=iDkhUpBkBT4

good evening ladies and gentlemen :-)

http://www.thestar.com.my/Business/Business-News/2014/04/05/Alternative-listing-on-the-rise-Listed-companies-being-targeted-for-takeovers/