http://www.thestar.com.my/news/world/2017/05/02/trump-i-would-be-honoured-to-meet-kim-jong-un/

No worry abt war also

Cud be KG have money frm RI and synergy

Cud be also willing buyer willing seller... all possible rite

IT assets highly depreciated assets and rapidcloud margin profit dropped 67%... only KG and rapidcloud know 2016 numbers... RM2.5 mil cud be fair value... wait and see... dont forget KG diversified biz...

He bought add 130 mil... then all good news coming... he knows best... we follow his buy lo...

How abt brunei? Potential?

Rm104 mil and 5 years contracts for singapore.... Thai contract?

Earlier news for ref

http://www.thestar.com.my/business/business-news/2017/02/14/dagang-nexchange-gets-thai-border-vehicle-entry-permit-job/

Prudent managment

https://www.bloomberg.com/politics/articles/2017-04-24/trump-speaks-to-abe-xi-on-north-korea-amid-u-s-japan-drills

Saudi will support oil price all the way... benefits them a lot...

https://www.bloomberg.com/politics/articles/2017-04-22/saudi-king-restores-state-employee-bonuses-as-overhaul-broadens

Greatful since you mentioned abt ekovest... that also good example how its price uptrends since mid last year...

Co improved financial, management decided to diversify the biz aldy 2 contract in hand, mous... kkm claim... positives rite???

Who can explain jhm up frm 50 sen to rm4.40 within a year???... just trust ur own TP...

If market follow myeg PE 40+....

Rm10 mil profit frm pona project, rm2.4 mil frm Avenue contracts, 2 mous... improvement in financial for last 3 QR... then u decide...

Next time thinkfirst bf sold... PE still below 10 compared to myeg 20++... plus new contracts and oil income to be reflected next QR...

http://www.thestar.com.my/news/world/2017/04/19/as-trump-warned-north-korea-his-armada-was-headed-toward-australia/

http://www.thestar.com.my/news/world/2017/04/19/us-to-review-lifting-of-sanctions-on-iran--tillerson/

Oil up.

https://bloom.bg/2oF9MuW
China roars...

https://bloom.bg/2oF9MuW
China roars...

https://www.bloomberg.com/news/articles/2017-04-12/neuberger-nikko-say-malaysia-may-have-seen-worst-of-sell-down

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5393493

Censof shud announce on the same date. So far no announcemnt by censof.

If censof sold, it shud announce on the same date rite? So far no announcmnt by censof.

http://www.theedgemarkets.com/my/article/oil-rises-further-above-us55-libyan-field-shutdown-syria

Oil up and usd stronger

Oil also up

http://www.theedgemarkets.com/my/article/saudis-tell-opec-they-eased-cuts-pumping-10-million-barrels

Oil income in usd

KUALA LUMPUR: Iskandar Waterfront Holdings Sdn Bhd's (IWH) proposed corporate exercise with Iskandar Waterfront City Bhd (IWC) will include the former's stake in Bandar Malaysia.

IWH director and executive vice chairman Tan Sri Lim Kang Hoo had on Thursday stated that IWH has a joint venture IWH-CREC Sdn Bhd which owns a 60% stake in Bandar Malaysia.

The remaining 40% stake is held by the Ministry of Finance Incorporated.

“IWH would like to clearly state that this prime piece of city land is included in this corporate exercise.

“With the proposed listing of the IWH Group, this will provide investors with the opportunity to invest in the strategic land bank located in this prime area in the heart of Kuala Lumpur,” said Lim.

In a corporate proposal announced on Wednesday, IWH will take over the listing status of IWC through a share swap between the two.

The ratio is on the basis of one IWC share to be exchanged for one share in an enlarged IWH. The new-look IWH (Newco) will also own up to 7,400 acres of land fronting the sea between Johor Baru and Singapore.

IWH at the moment is 63%-owned by Lim Kang Hoo through his private company Credence Resources Sdn Bhd, while the remaining shares are held by Kumpulan Prasarana Rakyat Johor (KPRJ).

IWH holds a 38.34% stake in IWC that has 1,072 acres mainly located in Tebrau, Johor.

IWH, on the other hand, has 3,900 acres of waterfront land, of which 80% has been claimed.

The corporate exercise proposes that all land outside IWH that is owned by Lim and KPRJ be consolidated in exchange for new shares in the NewCo and redeemable convertible preference shares (RCPS).

The amount of land to be injected into the NewCo is 3,593 acres. Of the amount, Lim’s portion is 452 acres valued at RM2.6bil.

As for KPRJ, its total land that can be injected into the Newco is 3,141 acres valued at RM1.5bil.

According to a statement issued by the group, three independent valuers undertook the valuation of the land.

Apart from Lim and KPRJ, IWH will also make an offer to the Sultan of Johor to inject his land in Johor Baru into IWH.

The Ministry of Finance Inc will also be given an offer to consolidate its 28% stake in Iskandar Waterfront Sdn Bhd, the company that holds the waterfront land under IWH, at the Newco level.

If all the parties agree to the consolidation of their assets and shares at the IWH level, then the new-look IWH will have up to 7,400 acres of land.

Upon the conclusion of the merger and restructuring, the expanded share capital of IWH is expected to be up to 4.3 billion shares, and if based on the offer price of IWC at RM1.50, the market capitalisation of the NewCo would be RM6.45bil.

The reference price for the exercise is set at IWC’s share price of RM1.50. The offer price for the share swap is a 14% premium over the 30-day volume-weighted average price of IWC shares.

Read more at http://www.thestar.com.my/business/business-news/2017/03/09/bandar-malaysia-included-in-iwh-iwc-merger-says-lim-kang-hoo/#vdJ8riRCSZJDUhlM.99

Touch 20.5

Any colour? 2/3/17 dateline.

ESTABLISHMENT OF A JOINT VENTURE WITH GREENLAND MALAYSIA REAL ESTATE OPERATOR SDN BHD (“JOINT VENTURE”)

- DISPOSAL OF THREE (3) PIECES OF LAND MEASURING IN AGGREGATE APPROXIMATELY 127.92 ACRES HELD BY TEBRAU BAY SDN BHD (“TBSB”), A WHOLLY OWNED SUBSIDIARY OF IWCITY, LOCATED IN MUKIM PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR, TO GREENLAND TEBRAU SDN BHD (“GTSB”) FOR A CASH CONSIDERATION OF RM2,373,079,016 (“DISPOSAL CONSIDERATION”) (“LAND DISPOSAL”)

(Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcements.)

Reference is made to the announcements dated 3 April 2015, 21 April 2015, 6 May 2015, 13 July 2015, 21 August 2015, 7 October 2015, 30 November 2015, 3 February 2016, 18 February 2016, 14 April 2016, 3 June 2016, 3 August 2016, 6 September 2016 and 7 October 2016 (“Announcements”).

On behalf of the Board of Directors of IWCity, AmInvestment Bank Berhad wishes to announce that the parties to the Land Disposal had agreed for a further extension of Cut-Off Date C, D, E, F and G to 2 March 2017.

This announcement is dated 17 January 2017.

No of shares : 3.234 bil
EPS : 1.71 cent
P/E ratio : 9.06
NTA : 14 cent

Not bad rite? Wait for earning increases the price shud follow...

Cud someone enlighten on the above? How price cud be up so much?

Illustration:

For example, if Mr X owns or purchases 1000 STERPRO shares (of RM0.025 par value each) on cum basis on 3 February 2017, his CDS account would still show 1000 STERPRO shares (of RM0.025 par value each) until 8 February 2017. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 STERPRO shares of RM0.025 each in his CDS account will be adjusted to 250 STERPRO shares of RM0.10 each on the night of 8 February 2017 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 250 STERPRO shares of RM0.10 each on or after the Ex-date i.e. from 6 February 2017 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 6 February 2017 until 8 February 2017, they are only entitled to sell the maximum of 25% of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.

Bloomberg - China Puts Finishing Touches to World's Biggest Steel Tie-Up in a Decade http://bloom.bg/2edAPZe

http://www.thestar.com.my/business/business-news/2016/09/24/ekovest-addresses-critics-on-highway-sale/

http://www.theedgemarkets.com/my/article/minetech-build-bridge-connecting-you-city-and-grand-saga-highway-rm161m

Order book increases frm rm80 mil to apprx rm1.6 bil aft corp exerc....

http://www.thestar.com.my/business/business-news/2016/09/14/lbs-bina-streamlines-construction-biz-under-ml-global/

If u noticed in the past, the price up starting frm friday...

Mother dropped 2.5 cents last 3 days but wb maintained... both increase today fair

http://www.thestar.com.my/business/business-news/2016/08/22/cimb-research-sees-fgv-core-net-profit-of-up-to-rm30m/

Thanks gold168... good article...

Pray hard

Feeling good richardcslim... pray hard for next week...