all time low 1.68 broken? ah.. damned that guy... totally shit. protect his own backside, not ours... ppl first? yeah.. ppls die first

just dive, follow the light.. ops... battery finished :(

hm.. bad sentiment for Malaysian

https://www.malaysiawarrants.com.my/news?sp=todayhighlight&cid=daily:n0814:em:20150708

KUALA LUMPUR (July 7): CIMB Investment Bank Bhd advised investors to accumulate Malaysia Pacific Industries (MPI) ( Financial Dashboard) shares to capitalise on the stock's recent decline.

In a report today, CIMB analyst Mohd Shanaz Noor Azam said semiconductor manufacturer MPI's (valuation: 2.0, fundamental: 1.8) share price had fallen 8% in the last five weeks, due to weakness in the domestic market and concern about inventory build-up in the sector.

“We see the recent pullback in MPI’s share price as a good buying opportunity for investors.

“Management highlighted that FY15 growth is largely driven by stronger revenue contribution from Carsem Suzhou, which is expected to increase 27% yoy,” Mohd Shanaz said.

CIMB's report followed a recent meeting with MPI managing director Peter Yates. According to Mohd Shanaz, CIMB has an ‘add’ call for MPI shares, with a target price of RM8.50.

http://www.theedgemarkets.com/my/article/cimb-says-accumulate-mpi-shares

1.12 coming?

that's true :)

today consider red, means bear take control?

aiyo, standby? kasi taruk kao kao lar :)

this counter has wide sideways trading range.. @YiStock tq for the info but still looking for better sentiment first.. Bersih coming if they still act like this.. seems like just delaying rather than takes active actions.

another bear bar, kenneth, buy some more lar.. very attractive you know? :)

kenneth, push up the price lar, you bought too less or you sold too much?

but yesterday the support are quite strong! didnt thought this time myeg is strong, creating new pattern

wah.. need to keep so long... but OK lar.

nice push

optimistic! but i wait...

damn attractive!

http://www.theedgemarkets.com/my/article/tenaga-falls-broader-market-losses-1mdb-power-project

looks like limited downside

looks like push up again

stkoay, his wish.. might not be come true LOL

again 1.67

wait lar..

price so deep

so how.. TNB drop again today

http://www.thesundaily.my/news/1480850
Tenaga Nasional Bhd (TNB) has entered into a share sale and purchase agreement with 1Malaysia Development Bhd (1MDB) for the acquisition of a 70% shareholding in Jimah East Power Sdn Bhd (JEP) for RM46.98 million.

JEP is the special purpose vehicle company set up to develop the 2,000MW coal-fired power plant in Jimah, Negeri Sembilan, known as Project 3B. Japan's Mitsui Corp Ltd owns the remaining 30% equity interest in JEP.

TNB said the actual project development cost incurred by 1MDB was RM83.68 million as at April 17.

"Estimated project costs are about RM11.7bil which will be financed through a combination of project finance and equity.

"Any debt raised will not have an adverse impact on TNB's credit profile and consolidated gearing will remain within appropriate levels. The effects on TNB's future earnings and EPS will only be determined upon completion of the project," it said.

TNB said the project was expected to achieve its scheduled commercial operation date for Unit No. 1 and Unit No. 2 no later than June 15, 2019 and Dec 15, 2019 respectively.

TNB said it and its appointed advisors had carried out a comprehensive due diligence and risk assessment on the acquisition of the project.

"The identified risks associated to the project have been assessed and mitigated," it said.

For illustrative purposes, based on TNB's consolidated balance sheet ended Feb 28, 2015, and debt amount of RM9 billion, TNB's consolidated gearing would increase from 35% to 42%, it added.

TNB added the increased gearing was within its appropriate level of gearing.

"TNB does not assume any guarantee of 1MDB. TNB's financial obligations will only be in respect of equity funding of JEP.

"Any project liabilities incurred to date by JEP will be assumed by TNB and Mitsui proportionately and will be met by shareholders' advances, which will be reimbursed to TNB and Mitsui when JEP reaches financial close," it said.

which court case? you mean HH wins?

nice counter and movement!

consolidations,... regional effects but if you can draw lines in charts (TA) you can see it is moving between the trendlines.. waiting it reach the support trendlines

buy until lausai

omg, 1.68!

what the hell with Hohup, 1.20?

i saw few good tech counters run down today... may be China sentiments.. same category of investors, from chart, it engulfed, lets see where is the bottoms

wah upsidedown, you ask only kenneth not to sell? then we all sell lor :) what you said is true.. but suffering to hold while others running up...

haha.. a bit at a time... less than RM15k only

http://www.theedgemarkets.com/my/article/myeg-shares-structured-warrants (over valued?)

?? why? any issues with age? do i sounds like old or young? TGIF!

normal income earner, office boy :)

haha..why asking?

they always put high TP on this counter but never break 1.65.. recently never 1.55

YiStock, if on that figures, what is the TP?

like in 24 march... reversal.. lets see if real, then i wait 2.7 and 2.5

today drop some more... cis

but market sentiment still not good..http://www.bloomberg.com/news/articles/2015-07-01/no-rest-for-malaysia-investors-seek-fixes-beyond-fitch-approval

wah.. but today wait at 4:30pm again?

really rebound after 3.17

from charts, seems no more power when nearing previous high/resistance...

Timely replenishment of landbank. The acquisition will add five acres of leasehold commercial land in Kota Kinabalu, Sabah on top of Ho Hup’s existing landbank of 2.8 acres and 50.0 acres of JV development land in Bukit Jalil City with Malton. The land is surrounded by existing prime commercial properties and hotels, namely Sutera Harbour, Shangri-La Hotel, Pan Pacific Hotel and the Sutera Golf Course. Nearbyhigh-end residential developments include Oceanus and The Loft. On top of construction cost of the bus terminal and car parks, GWSB will likely incur extra coststo speed up the land title transfer. All in, however, we are positive on the investment as we expect the prospects of the development to be encouraging , given the prime location of the land. The market value of the land is MYR185m as appraised by an independent valuer. Management is in the midst of finalising the development plan of the commercial leasehold land.


Ho Hup has been actively looking for potential development projects in order to replenish its landbank. Its JV with Tribeca Real Estate Asset Management SB (Tribeca) in HHVKK (75:25) has enabled Ho Hup to diversify its landbank into a new market. Tribeca is led by Dato’ Jagan Sabapathy, who has extensive experience and network in the local property development industry. We believe that the company will continue to deploy this model by partnering with industry experts like Tribeca in it future landbank expansion.

From RHB call:

RECOMMENDED: BUY
TARGET PRICE: MYR 1.96
PRICE: MYR 1.24

Ho Hup’s 75%-owned subsidiary acquired a 70% stake in Golden Wave SB, which has an upcoming commercial development in Kota Kinabalu, Sabah with a potential GDV of MYR774m. Maintain BUY with a revised TP of MYR1.96 (58% upside, fully-diluted TP: MYR1.63), after imputing the incremental value from the new development, a higher discount rate to its RNAV, as well as an enlarged share base.
 Investment in new subsidiary. Ho Hup Construction’s (Ho Hup) 75%-owned subsidiary Ho Hup Ventures (KK) SB (HHVKK) has acquired a 70% stake in Golden Wave SB (GWSB) for a total consideration of MYR30m via internally-generated funds.
 Ventures into new market – Sabah. GWSB entered into a joint venture(JV) agreement with Dewan Bandaraya Kota Kinabalu Holdings SB (DBKK) to construct, complete and deliver a bus terminal and car parks in Kota Kinabalu, Sabah at a cost not exceeding MYR46.9m in exchange for a 5-acre commercial leasehold land adjacent to the construction site upon completion. As of end-April, construction of the bus terminal was 19%-completed and is scheduled to be completed in Jun 2016. Th land title can be immediately transferred to GWSB prior to the completion of the construction by issuing a bank guarantee in favour of DBKK. The
commercial land is to be developed into two blocks of service apartments, one block of hotel and other commercial developments with a GDV of approximately MYR774m spanning from 2015 to 2020.
 Earnings forecasts. We expect more meaningful contributions from this new development from FY16 onwards. Hence, we adjust our net earnings forecasts for FY15-17 by -0.4%/+5.0%/+12.2% respectively.The company has total unbilled sales of MYR546.5m as of May from its construction and property development, providing good earnings visibility for the next two years. In addition, Phase 2B – two blocks of service apartments under its JV with Malton Bhd (MALT MK, NR) – has received good response from buyers since its launch in June.
 Key risks include: i) weaker-than-expectation take-up rates for its property development projects, and ii) failure to replenish its orderbook.
 Maintain BUY with a revised TP of MYR1.96 (fully-diluted TP: MYR1.63). Our TP is revised to MYR1.96 (from MYR2.29) based on SOP valuation, after taking into account: i) the incremental value from the new commercial development in Kota Kinabalu, ii) a higher discount rate of 25% (from 20%) for its property development’s RNAV given a soft property demand outlook, as well as iii) an enlarged share base