this counter worth buying during down, but it won t go that much down, because fund managers will also be nibling with this counter.. i think 1.50 to 1.55 is a GOOD BUY

DEAR TCB, good morning... any counters WAITING FOR ROTATIONAL PLAY?? example systech, opcom and others that you know off?????? i know that you does not recommend stocks, but you can use your software to scans for stocks that are already quite oversold and waiting for ROTATIONAL PLAY?? what actually i mean is looking from the past, this stocks usually undergoes rotational play when they are oversold.. the common ones

carefull guys mid caps n penny stocks started the profit taking already.. many are thinking our klci won t cross 1900 at the moment, maybe later.. careful n be alert guys

Post removed.Why?

Wentworth Insurance Company ( Can) Ltd. 13/04-14/04 Acquired 490,000 MUDAJAYA

Type of No of Ave Price
20-Apr-15 Date transaction securities Company (RM)
EPF 15/04 Disposed 681,300 BUMI ARMADA
EPF 15/04 Disposed 500,000 WCT HOLDINGS
EPF 15/04 Disposed 485,500 ALLIANCE FINANCIAL
EPF 15/04 Disposed 200,000 MBM RESOURCES
EPF 15/04 Disposed 303,600 ORIENTAL HOLDINGS
EPF 15/04 Disposed 35,000 DRB-HICOM
EPF 15/04 Disposed 37,000 AXIS REAL
EPF 15/04 Disposed 60,800 GAMUDA BERHAD
Skim Amanah Saham Bumiputera 14/04 Disposed 211,000 MISC BHD
Skim Amanah Saham Bumiputera 10/04 Disposed 496,000 MISC BHD
Aberdeen Asset Management PLC 15/04 Disposed 56,900 TASEK CORPORATION
Lembaga Tabung Angkatan Tentera 15/04 Off Market 10,000,000 BOUSTEAD HOLDINGS
Kwek Holdings (S) Pte Ltd 14/04 Off Market 38,858,000 TH HEAVY ENGINEERING
EPF 15/04 Acquired 1,040,700 PUBLIC BANK
EPF 15/04 Acquired 629,300 SIME DARBY
EPF 15/04 Acquired 385,000 IOI PROPERTIES
EPF 15/04 Acquired 500,000 WCT HOLDINGS
Kumpulan Wang Persaraan 13/04 Acquired 38,000 WCT HOLDINGS
Skim Amanah Saham Bumiputera 15/04 Acquired 1,800,000 TNB
Aberdeen Asset Management PLC 15/04-16/04 Acquired 205,800 UNITED MALACCA
Aberdeen Asset Management PLC 15/04 Acquired 330,000 ORIENTAL HOLDINGS
Wentworth Insurance Company ( Can) Ltd. 13/04-14/04 Acquired 490,000 MUDAJAYA

http://www.theedgemarkets.com/my/article/coastal-position-trade-higher-says-alliancedbs-research

OK I LIKE TO ASK ANY BIG FISHES ARE BUYING EXAMPLE DIRECTORS????

http://www.theedgemarkets.com/my/article/advancing-klci-could-be-halted-profit-taking

CURRENT PRICE 2.38

TARGET PRICE BY CIMB 3.02 FROM 2.62...WOW WOW

Highlights of the group meeting
OWG was represented by chairman and group CEO Dato’ Richard Koh,
executive director Datin Jean Koh and CFO Mr Chik Chan Chee.
1. The meeting centred on updates at Komtar. The original 60k sq ft of NLA
at Komtar has doubled and the space will be fully taken up by end-15. The
extra space will come from an additional floor (level 66) and new spaces
on levels 3, 4, 5 and 6. The additional capex required is c.RM30m
(bringing total capex to c.RM90m), which will be funded by borrowings.
We assume an interest rate of 7% in our interest expense estimate.
2. OWG intends to operate most of the F&B outlets at Komtar, although the
actual space to be allocated for its outlets has not been finalised. We
estimate the total space for F&B (including levels 59 and 60) to be
c.50,000 sq ft. In terms of development timeline, levels 59 and 60 will be
ready by 7 June, in time for the Annual Penang Komtar Tower Run.
Assuming OWG operates about 80% of this space (c.40,000 sq
ft), every additional RM1 in pretax profit psf could add 1% to
FY16 EPS and 1.2% to FY17 EPS.
3. Komtar will be modelled along a themed attractions-based concept; a
popular Japanese manga park and prehistoric attractions will be built.
There could be up to four attractions built at Komtar. Assuming OWG
can attract 500k visitors per attraction per year, at a blended
ticket rate of RM20 and a conservative 15% pretax margin, the
themed attractions could add 11% to FY16 and 15% to FY17 EPS.
This is a conservative estimate as Ripley’s Believe It or Not in Genting
Highlands earned between 24% and 48% in pretax margins between FY12
and FY14.
4. Management is very bullish on the potential for the tourist observation
deck on level 64, targeting 1m visitors within the first year. Management
gave two reasons for its bullishness: a) the lack of tourist attractions in
Penang. TripAdvisor lists only four main sites to visit in Penang – Kek Lok
Si Temple, Botanical Gardens, Penang Hill and the Batu Ferringhi beach,
and b) Penang Hill attracts 1.4m visitors a year, with lengthy queues and
waiting times. As such, management believes that its 1m target is
conservative. Our forecasts assume RM15 as the blended ticket rate, which
is conservative as management expects to price the tickets at a higher rate.
Our sensitivity analysis suggests that every RM1 increase in
ticket rate above RM15 could add 0.7% to FY16 EPS and 1% to
FY17 EPS.
5. In the longer term, Komtar visitation will also benefit from improved
traffic links arising from the RM27bn Penang Transport Master Plan. The
LRT project, a RM4.5bn 17.5km elevated stretch linking Komtar with the
Penang International Airport, will see construction begin next year. A
‘Penang Sky Cab’ cable car system connecting Penang Sentral in
Butterworth to the island is also expected to be completed in 2018. The
3km link is expected to take around 15 minutes to travel in each direction
and will be able to cater to 1,000 passengers per hour per direction.

I love Penang
In a recent group meeting that we organised between fund managers and
OWG’s management, we learnt that Komtar would be a themed
attractions-based destination. Its NLA has doubled and the space will be fully
taken up by end-15. We raise our FY06/16-17 EPS forecasts by 12-18% to
reflect higher rental revenue from the Komtar space and higher projected
revenue from the observation deck on level 64. Our target price is raised to
RM3.02, still based on 19x CY16 P/E (20% discount to the F&B sector target
P/E). We maintain our Add rating. Further upside could come from 1) F&B
revenue at Komtar, 2) ticket sales for the new attractions at Komtar, and 3)
additional space in Genting.
What Happened
The focus of the meeting centred on updates at Komtar. We gathered that the
original 60k sq ft of NLA at Komtar has doubled and the space will be fully
taken up by end-15. The extra space will come from an additional floor (level 66)
and new spaces on levels 3, 4, 5 and 6. Komtar will be modelled along a themed
attractions-based concept; a popular Japanese manga park and prehistoric
attractions will be built. Management is also bullish on the potential for the
tourist observation deck on level 64, targeting 1m visitors within the first year.
What We Think
We are confident that the Komtar revitalisation project will be a success. As a
tourist destination offering themed attractions, a high-rise observation deck
and a sky bar/dining under a single roof, Komtar will be another captive
market business in addition to Genting Highlands, we believe. Penang averages
5m-6m in tourist arrivals annually (local and foreign). With the help of the
Penang state tourism board in promoting Komtar, we believe that
management’s target of 1m visitors is conservative and achievable. We raise our
observation deck visitor estimate from 600k to 1m at unchanged blended
revenue of RM15/visitor, which is conservative as management expects to price
the tickets at a higher rate. In the longer term, Penang’s LRT and cable car
projects will further drive tourist traffic to Penang and, by extension, Komtar.
What You Should Do
Remain invested in the stock. Our forecasts remain conservative as we have not
factored in profit contribution from 1) its own F&B outlets in Komtar (levels 5,
59 and 60), 2) higher blended ticket rates for level 64, 3) revenue from the
themed attractions at Komtar, and 4) additional F&B revenue in Genting.

SYNDICATE PLAY AGAIN

It s ok just wait still it will benefit as a export counter due to weak ringgit

target price 56.20 from 58.00, reduced

Prices reduced to pre-GST levels
On 17 April 2015, BAT announced that it has reduced its selling prices to
pre-GST levels in order to remain competitive against JTI, which kept its
selling prices unchanged after GST was implemented. This is BAT’s second
price reduction in less than a week. The recent price competition in the
industry shows that price hikes may no longer be effective to raise profits. We
cut our FY15-17 EPS forecasts by 2-3% to factor in lower selling prices and
higher sales volume from lower loss of market share. Maintain Reduce on BAT,
with a lower DDM-based target price. The second price cut and competitive
environment are key de-rating catalysts. We prefer the brewers for dividend
yield plays.
What Happened
BAT has reduced its selling prices by RM0.30/pack to pre-GST levels, effective
17 April 2015. BAT’s premium cigarettes are now being sold for RM13.50/pack,
while its value-for-money (VFM) cigarettes are being sold for RM12/pack. This
is the second time that BAT has reduced prices in less than one week. On 1
April 2015, BAT raised its prices by RM0.50/pack due to the implementation of
GST. However, it reduced its selling prices by RM0.20/pack after two weeks to
remain competitive against PMI, which decided not to raise selling prices as
much as BAT, and JTI, which kept its selling prices at pre-GST levels.
What We Think
BAT’s decision to reduce prices again was within our expectations, as it would
lose market share if it maintained the higher selling prices.
Steeper-than-expected sales volume decline may have prompted BAT’s second
round of price cuts. Reverting to pre-GST prices means that BAT is absorbing
the GST, which will weigh on margins. Following its first price reduction a few
days ago, BAT’s premium selling price of RM13.80/pack was RM0.10 below
PMI’s but higher than JTI’s RM13.50/pack. BAT’s VFM selling price of
RM12.30/pack was also higher than JTI’s RM12/pack. Our checks today
revealed that PMI is still maintaining its premium and VFM selling prices at
RM13.90/pack and RM12.30/pack, respectively. We do not dismiss the
possibility of PMI reducing prices to protect its market share.
What You Should Do
Reduce exposure. Regulatory risks will be a constant battle for BAT, while
consumption is expected to be weak due to slower consumer spending in 2015.
In our view, the recent price competition demonstrates that it will be difficult
for BAT to raise prices to counter the persistent drop in volumes going forward.

TARGET PRICE BY CIMB AFTER EX 3.05

Bonus issue went ex
Karex’s one-for-two bonus issue went ex on 16 April 2015. Post ex, our target
price is adjusted to RM3.05, which is still pegged at 23.1x CY16 P/E (10%
premium to Hartalega’s P/E). While we still like the company’s strong
fundamentals, strong demand for its products and aggressive expansion
plans that could translate into stronger earnings in the future, we think that
Karex is fairly valued now, particularly after the dilution from its private
placement. We maintain Hold on the stock. For rubber-related stocks, we
recommend Kossan.
What Happened
Karex’s bonus issue went ex on 16 April 2015 with the issuance of 222.8m new
bonus shares on the basis of one bonus share for every two existing shares. Post
ex, our target price is adjusted to RM3.05.
What We Think
While it does not fundamentally change Karex’s prospects, the bonus issue is
likely to boost the stock’s liquidity and improve the near-term trading
sentiment. While higher liquidity should lift its share price, we think that Karex
is fairly valued for now, particularly after the dilution from its private
placement. Although we believe that the company will propose an acquisition
soon as it had just completed its private placement exercise, the target
company is likely to be a smallish company with strong growth potential.
Hence, earnings impact to its bottomline would not be substantial. We also
think contributions from new markets will not be felt so soon as it takes time
for Karex to grow its sales in a new market.
What You Should Do
We advise investors to stay on the sidelines. We believe the current share price
has factored in its strong earnings growth.

RELISTING IN SYARIAH IS COMING

3.14 target price by CIMB

Gems of assets
SapuraKencana’s pipelay support vessel (PLSV) Onix is ready to be
dispatched to work for Petrobras in Brazilian waters in about a month’s time,
we learned from a meeting with the company today. Like the earlier two
PLSVs, Diamante and Topazio, Onix will be an early delivery. We expect a
steady rise in net profits from the operations in Brazil as more PLSVs are
deployed. We continue to value the stock at 15x CY16 P/E, at parity with our
target market P/E. SapuraKencana remains an Add, with shariah-compliant
status confirmation and strong order book momentum as potential re-rating
catalysts.
What Happened
SapuraKencana’s unit in Brazil, Sapura Navegacao, is set to deploy Onix in
about a month’s time, earlier than the original contract date (Figure 1). The two
earlier PLSVs, Diamante and Topazio, were also delivered earlier than
scheduled. Diamante and Topazio, which commenced operations in Jun and
Sep 2014, respectively, have been enjoying an average utilisation rate of 99%.
The monthly payments from Petrobras have been on time.
To recap, Sapura Navegacao, a 50:50 JV between SapuraKencana and Seadrill,
has two contracts with Petrobras. In Nov 2011, Sapura Navegacao secured a
5+5 US$1.4bn contract to charter and operate three PLSVs, which include
Diamante and Topazio. The second contract, which was awarded in Jun 2013,
is worth US$2.7bn. The 8+8 contract calls for the services of three additional
PLSVs, which include Onix.
What We Think
It is encouraging that Sapura Navegacao’s operations are on track. We expect
net profit contributions from SapuraKencana’s 50% share in Sapura Navegacao
to rise progressively from RM17m in FY1/15 to around RM50m in FY1/16 and
RM150m in FY1/17 as more PLSVs are rolled out. Construction of the fourth
PLSV, Esmerelda, is 80% completed.
What You Should Do
Accumulate SapuraKencana shares. A robust order backlog of RM25.7bn and
good leverage in the international market give the company an edge over its
peers. The stock’s expected return to the Securities Commission’s shariah list
next month is an added plus.

RHB given good target price of 5.71, but nobody is talking about ringgit uptrend that can affect the earnings of export related counters.. or is it too early yet to decide on this? So on which value, of the ringgit we should start deciding on this-- selling on export related counters??

Guys ringgit is getting strong, is it time to sell export related stocks? Please give oppinions, hope more will participate,, tqvm

Now the company new man is james wong, he will be paying more attention on the firing of powerplants, and do not forget about the investigation that is still going on. Both results will be known arround the same time, that will send the stock price high

Oil going up it s good for datasonic projects

Good write up, thanks

Trading Buy
IFCAMSC
IFCA MSC Berhad provides research and development of enterprise-wide business solutions. The Company, through
its subsidiaries, provides turnkey solutions. IFCA MSC also installs and provides services for computer hardware and
networks.
Our medium (3-6 months) term target price for IFCAMSC is RM1.90 hence offers an upside potential of around 40.9%
from current level.

AFFIN BANK NAZRI KHAN,,,TRADING BUY

greddym3 Synchronization is the process of matching the speed and frequency of a generator to an electric grid. Generator cannot deliver power to an electrical grid unless it is running at the same frequency as the electric grid.

usually how long this process will take weeks or months or years??

fund managers are buying

7 cents up

fortunebulz, i am searching for your e mail address, but not finding it on i3 site?

target price is under REVIEW,,,get ready guys

Meanwhile, its cement and construction materials businesses are key beneficiaries of the growing construction activities driven by the upcoming Sarawak state election, Pan Borneo Highway works and 11MP. Maintain BUY. Our MYR5.00 SOP-TP is under review pending completion of its acquisition of Sacofa S/B.


taken from above link,,looks like will be upgraded soon maybe new target price

http://klse.i3investor.com/servlets/ptres/29519.jsp

Thanks fortunebulz

BULL RUN MARKET STARTED

Post removed.Why?

ok ok always_steady let it rest

CHEERS to those who are still holding this stock

IF THIS CIMB REPORT CAME OUT DURING LUNCH TIME TODAY,,LOOKS LIKE AFTER LUNCH IT WILL ROCKET UP,,GET READY GUYS

Share price remains in uptrend
IFCA’s weekly chart shows that the stock has been in a medium-term uptrend
since mid-2014. The stock tested its support trendline (at RM1.35) before its
rally this week. This is an important trendline for the stock. Weekly MACD is
showing no signs of negative divergence while RSI is breaking past its
resistance trendline, which is medium-term positive.

SaaS sensitivity analysis
Based on our sensitivity analysis (Figure 2), every additional 200 subscribers to
the SaaS subscriber base annually (assuming subscription fees of RM5,000
monthly) in 2016 should boost IFCA’s EPS (sen) by 14.7%. Additional 800 SaaS
subscribers could boost 2016 EPS by 58%.

Potential earnings from SaaS
Our earnings for SaaS modules are conservative. We are only looking at an
average 50 monthly subscriptions this year, rising to an average 300 in 2016.
According to industry players, the top 1,000 developers in the country handle
80% of the industry’s work. However, industry sources indicate that there are
in total 2,600 developers in the country, which we believe includes the smaller
developers.
With GST, there is a major need to automate, even with the small developers.
As such, we believe it should not be too difficult for IFCA to reach total
average 500 yearly SaaS subscriptions by 2017. SaaS is targeted at the smaller
developers. At an average 300 annual subscriptions paying RM5,000 per
month, potential revenue is RM18m annually. Its profit margin is high as its
main cost is only renting the cloud infrastructure for SaaS.
Assuming a 75% pretax profit margin, 2016 SaaS pretax profit will be around
RM13.5m (RM12.1m net profit) or a 2 sen EPS enhancement. In 2017, SaaS
revenue contribution is estimated to be RM30m, with RM22.5m pretax profit
(RM20.2m net profit) or a 3.4 sen EPS boost. Our assumptions are conservative,
targeting 500 SaaS subscriptions in 2017. If IFCA’s SaaS can hit 800
subscriptions (which is around 30% market share) by 2017, SaaS revenue could
be around RM48m, or RM36m in pretax profit (RM32.4m net profit).

Highlights from Singapore and Hong Kong roadshow
We recently took IFCA MSC’s CEO Ken Yong to meet institutional investors in
Singapore and Hong Kong. We spent one day marketing in Singapore and
another day in Hong Kong. In total, we met 21 fund managers from 18
institutions. It was Ken Yong’s first time marketing to institutional investors in
Singapore and Hong Kong.
Singapore investors
We met 11 fund managers from 11 institutions in Singapore. Generally, most of
the Singapore fund managers were familiar with IFCA MSC and some already
owned the stock, which was a positive surprise to us as we are currently the
only research house with active coverage on the stock (we initiated coverage on
IFCA in Oct-2014). IFCA CEO Ken Yong spent his time there mainly providing
the fund managers with updates on the company’s current expansion plans,
SaaS and its e-commerce portal, which will be launched later this year.
Hong Kong investors
We met 10 fund managers from 8 institutions in Hong Kong. Most of the fund
managers were new to IFCA and they were surprised that IFCA was successful
in China. Ken explained that IFCA MSC entered China 10 years ago but made a
major breakthrough in 2012 after clinching a contract (through an international
tender) from China’s Wanda Group, the country’s largest mall owner.
Some positive surprises
There were a few positive surprises from IFCA during the roadshow: i) The
company is looking to launch three software modules on the service as a
software (SaaS) by the middle of the year. SaaS basically involves renting its
software to smaller property developers. This was a positive surprise as the
company had earlier indicated plans to launch only one software module on
SaaS. The three software modules are:
1) project cost management
2) project marketing
3) standard operating procedures (SOP) for the construction sector
ii) IFCA is targeting to launch its e-commerce portal in the later part of this
year. Management said that this portal would provide value-added services to
its existing customers.
SaaS targets the smaller developers
There are currently 2,600 property companies in the country and most of the
major property developers are IFCA’s customers and SaaS allows the smaller
developers to utilise IFCA’s software modules. The company has yet to finalise
the monthly subscription fee per SaaS module but we believe it should be in the
RM5,000 range. The project cost management and project marketing software
module will be rented on a per project basis. As such, we believe SaaS will not
cannibalise existing sales to customers. For the major customers, it would be
more cost effective to acquire the software rather than renting through SaaS.
Project cost management software suitable for domestic
property market conditions
We are particularly bullish about its project cost management software module.
This module helps developers track their development cost and whether a
project is on schedule and in line with its budgets. It will highlight management
about potential delays or cost over-runs at the early stages and this software has
been very popular among the China developers when property sales slowed
over the past few years. Like China, the domestic property market is currently
going through a soft patch and, as such, we believe the property developers are
expected to focus more on managing costs.

Post removed.Why?

junior10 you are welcome

cool guys

in the past kenanga loves downgrading surging stocks to sell.. they have done before on IFCA.. they miss the boat, so to catch up, they pull down the stock, so they can go in

this is the probelm, we should have some target price now i mean a new one... hope KENANGA won t create a probelm, kenanga had done this before