zu1967, since u are accountant, how much do we need to charge? kiki

no wonder up that much liao from 8c till now :)

smallpotato, i used to earn little for the son umwog ca... currently not monitor this ....

meena this is for u :)

MRCB maintained at ‘buy’

http://www.starproperty.my/index.php/articles/investment/mrcb-maintained-at-buy/

smallpotato3, u are welcome....

Govt allocates RM11mil for two new bus hubs in Shah Alam

Govt allocates RM11mil for two new bus hubs in Shah Alam

SHAH ALAM: The Federal Government has allocated RM11mil to carry out two city centre bus hubs (HABs) projects in Sections 17 and 19 here.

The projects fall under the National Key Result Area (NKRA) programme, to provide facilities and convenience for commuters using public transport.

Selangor Development Action Council chairman Datuk Seri Noh Omar said RM7mil has been allocated for the HAB project in Section 17 to build a one-storey air-conditioned terminal building at a 0.76ha site owned by the Shah Alam City Council.

"It will replace the existing bus terminal that has been in operation for over 20 years, thus, providing convenience to public bus express transport commuters, particularly students and residents around sections 2 to 24.

"The construction of the terminal will also fulfill the federal government's desire to encourage the use of public transport," he told a media conference after visiting the HAB project site, here, Monday.

The terminal at Section 17 among others will accommodate 24 ticket counters, a 300-capacity waiting room, three shop units, two surau, police station, Road Transport Department office, 13 bus compartments and six taxi compartments.

For the HAB project in Section 19, Noh said, the federal government had allocated RM4million to build a one-storey air-conditioned building on a 0.23ha site which is expected to provide facilities to 2,000 commuters daily.

He said the two HAB projects would open next month with construction works expected to start in April.

For section 17 HAB, he said, the completion period was 12 months and expected to be ready by March next year while the Section 19 HAB would take 10 months, with the scheduled completion in January, 2015, he said. - Bernama

http://www.thestar.com.my/News/Nation/2014/02/17/Shah-alam-bus-hub-rm11mil/

UMWOG buys 2 jack-up rigs for US$434mil

KUALA LUMPUR: UMW Oil & Gas Corporation Bhd (UMWOG) has bought two jack-up drilling rigs for US$434mil (RM1.44bil) from China’s Tianjin Haiheng Shipbuilding & Offshore Engineering Service Co Ltd.

In a filing to Bursa Malaysia on Wednesday, UMWOG said the purchase was made via its unit UMW Drilling 6(L) Ltd for US$217mil each.

UMWOG said the rigs would be paid using proceeds from its initial public offering and borrowings.

“The rigs are expected to be completed and handed over to UD 6 in September 2014 and in December 2014,” it said.

The group said the purchase was in line with its asset fleet expansion in Malaysia and Asia Pacific region, as well as to improve its future financial performance.

“The rigs acquisition is expected to contribute positively to the earnings and net assets of the company for the financial years 2014 and thereafter,” it said.

http://www.thestar.com.my/Business/Business-News/2014/02/12/UMWOG-buys-2-new-rigs-for-USD434mil/

SIfu, nope.. hehe.. i believe in CT.. :)

MRCB Inks Partnership with Gapurna

http://ir.chartnexus.com/mrcb/docs/media/Joint%20Media%20Release%20(Gapurna%20&%20MRCB).pdf

8FEB2014

Sifu, nope but i think Takaful FA ctr rite? expensive to me :)

pop88... miss u here.. haha...
tomorow sifu said THHE.... :)

Quek, associate, institutional funds mop up O&G outfit shares

http://www.thestar.com.my/Business/Business-News/2014/02/17/Quek-his-associate-and-two-institutional-funds-mop-up-shares-in-OG-outfit/

THHE wins job to build topside structure in Sabah for Petronas Carigali

http://www.thestar.com.my/Business/Business-News/2014/02/06/THHE-wins-Petronas-job-Company-to-build-topside-structure-in-Sabah-for-Petronas-Carigali/

THHE wins job to build topside structure in Sabah for Petronas Carigali

Petaling Jaya: TH Heavy Engineering Bhd (THHE) has received a letter of award from Petronas Carigali Sdn Bhd to build a topside structure at one of the latter’s gas development projects in Sabah.

According to filings with Bursa Malaysia, the contract is for the procurement, construction and commissioning of a topside structure for the latter’s Kinabalu Non-Associated Gas (NAG) Development Project. It said the letter of award was dated Jan 28.

THHE said that it was a one-off, 18-month contract that would contribute positively to its earnings and net asset per share for its 2014 and 2015 financial years. Industry sources said that the contract could be worth around RM250mil.

The Kinabalu NAG project comprises two fields – Kinabalu East and Kinabalu West – located about 52km from Labuan, Sabah, in water depths of 55 metres.

The Kinabalu NAG development is part of the Sabah Integrated Gas Development Project initiated by Petroliam Nasional Bhd (Petronas).

Last November, THHE’s unit, THHE Fabricators Sdn Bhd, had received a letter of award from Lundin Malaysia BV, a Swedish oil and gas (O&G) exploration and production firm, to undertake the fabrication of a wellhead platform for the Bertam field development project, which is located offshore in Pahang.

That contract is said to be worth around RM100mil and scheduled for completion in about 12 months.

According to sources, THHE’s order book currently stands at around RM400mil.

Industry sources said that given the buoyant market for O&G players, THHE is poised to win more fabrication contracts in the future.

THHE, which had exited its PN17 status in late 2012, saw the emergence of Tan Sri Quek Leng Chan as a 10% shareholder last May.

It had lost out to Malaysia Marine and Heavy Engineering Holdings Bhd and France’s Technip for the reportedly US$1bil (RM3.32bil) Petronas contract to develop Block SK316 offshore Bintulu.

THHE had teamed up with American partner McDermott International Inc for the bid.

THHE also has a floating production, storage and offloading vessel, which it is looking to deploy. Sources said that it was close to securing a long-term charter with a production-sharing contractor in Malaysia.

Sifu, i pick pelikan .. i thought u wait for 80c....

Takaful Malaysia's FY2013 Pre-Tax Profit Jumps To RM179.304 Million

http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=1015177

RHB Research Retains 'Overweight' On Banking Sector On Improved GDP Outlook

KUALA LUMPUR, Feb 17 (Bernama) -- RHB Research retains an "overweight" rating on the Malaysian banking sector, thanks to an expected pick-up in gross domestic product (GDP) growth this year.

"The GDP growth will be underpinned by the various Malaysian government's economic programmes," it said in a note Monday.

The research house's top pick is Malayan Banking Bhd, with a "buy" rating and a target price of RM11.40.

It also said Bank Negara Malaysia's directive issued in early February 2014, which requires local banks to set aside higher provisioning buffers, would take a toll on Public Bank Bhd.

The requirement is for collective impairment allowance and regulatory reserves of at least 1.2 per cent of loans by December 2015.

"Our analysis suggests that Public Bank, with an estimated RM1.1 billion shortfall, will be impacted the most. The impact on the other local bank does not appear to be too significant," it said.

-- BERNAMA

http://www.bernama.com.my/bernama/v7/po/newspolitics.php?id=1015227

Hong Kong shares hit 3 week high, Shanghai turns positive

http://www.kinibiz.com/story/markets/72121/hong-kong-shares-hit-3-week-high-shanghai-turns-positive.html

Sifu, tq i jot down yr TP liao.. hehe. u think tomorw morning manage jump in 935c?

Barakah banks on Gulf expansion

Barakah Offshore Petroleum Bhd, anxiously awaiting the outcome of a multibillion-ringgit Saudi Arabian contract, will expand its presence in the Gulf irrespective of whether it bags the Saudi job.

The company sees the Saudi Arabian bid as the start of its international expansion. “We are looking at increasing our overseas business, because in terms of risk, we cannot rely just on Malaysia and Petronas, although we have our roots here. We have a marketing office [in Saudi Arabia] and will continue to bid for jobs in the area, regardless of whether we win the job,” says Barakah vice-president and chief financial officer Firdauz Edmin Mokhtar.

Barakah is one of three O&G companies shortlisted for the Saudi Arabian contract, the winner of which will be announced at the end of this month, say analysts at Maybank IB Research.

The Saudi job is similar to the Petronas T&I Package A works it secured in December, with the exception of higher day rates. Higher day rates translate into better margins, and Barakah president and CEO Syed Abdul Rahim Syed Jaafar says this is a standard for jobs open for tender in the country. The job could contribute between RM50 mil and RM70 mil per annum to Barakah’s bottom line for the duration of the contract.

“Because of the higher day rates and better margins, we wish to expand in the Gulf. That was the reason we set up our offices there. This job (T&I) is what we are working towards currently but in the future there may be more,” says Syed Abdul Rahim of Barakah’s plans for the region.


For the full story, please subscribe to Focus Malaysia. - See more at: http://www.focusmalaysia.my/Mainstream/Barakah-banks-on-Gulf-expansion#sthash.JOzlXJj9.dpuf

CIMB showing signs of recovery

http://www.focusmalaysia.my/Markets/CIMB-showing-signs-of-recovery

O&G counters dominate the market as outlook seen bright

http://www.theedgemalaysia.com/first/275753-hot-stocks-oag-counters-dominate-the-market-as-outlook-seen-bright-.html

Sifu, how was yr first day of working? Got huat huat ka...... Huhu

YS congra, maica up up already.. Hehe

LIM, I no monitor HLI now..... But sifu told u to hold rite?

Ghl up up up !!!!!!!!!!!!!!!!!!! Hehe

This stock is like epf nia... Huhu

YS, mcm mcm program yer mlm nie... Ckit jer untung ari nie.... Hang ada untung ke... Hehe

tessa, yr pjd wc.... up up liao... sayang i no fund to jump in :(

bro, i q 825c when u said but browse the chart then i cancel already.... i also dunno just bit scared lo... i might be wrong..

YS sayang.... npa balik ruma? hang bkn duduk kat ruma jek? hehe

tuck2, me too im in hohup :)

LIM, now is yr turn to promote Tawin... huhu

Sifu, we all are waiting for u the THHeavy.... :)

LIM, aiyo me mcm so bad... wish to hv retracement ... sorry ya bad intention...

yalo... bila mau terbang o jetplane? tlg isi minyak ler... huhuhu

humbled yup.... :)
be happy....

tuck2, daily chart for thheavy ok rite? just weekly n mthly...ermmm

LIM, ya :'( :'(

Bro, i learn the lesson liao... im still lack of experience .. now hv to wait for retracement .... sakit hati :'(

humbled, no la... i was scared cz up many days liao.. sad lo sell my dsonic(GOLD)... i still have alot of things to learn from all sifus... lack of experience :'(

LIM, wonder why u bght HLI? this HLI like AIRPORT 1 drop then up >10c ..... i observed this 2 ctrs quite sometime liao..

tuck2, inari wa u jump in what price?

LIM, just hit and run mah..hehe

bro, erm.. knm the candles .... daily chart RSI 92% overbought liao...

bro, i sapu sikit la then.. hehe

LIM, can tell me when cn up to 315c? i wanna get out oh.....

GO GO GO DAYA !!!!!!!

wow, LIM u earn so much liao TAwin...
SIfu is yr relative then?

PELIKAN up up up !!!! daily & weekly chart sui ...haha