as long as dont breach 0.540, its OK, it will run up

im just hoping get back above 70cents

great news! also covers in the edge news today.

where?

push back please and get to 5.68 to confirm breakthru! best 5.70! TP 6.70

still need to make sure break 1.50

takaso continue to strive :)

chart dont lie, but it try to push back to break the pattern resistance line

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) said it has received acceptances for its general offer of Integrax Bhd shares, giving it a total of 90.2% holding in the latter.

Tenaga also said that it did not intend to maintain the listing status of Integrax and would take the necessary steps to withdraw its listing in accordance with Bursa Malaysia’s listing rules.

Meanwhile, Integrax said in a filing that it had been informed that Tenaga would seek to compulsorily acquire the remaining shares it did not own once it received acceptances totalling ninth tenth of the total shares it was seeking to buy though the general offer.

Integrax is a profitable listed port operator that has the critical role of handling up to 15 million tonnes of coal annually for TNB’s 4,100MW generation capacity in Manjung.

TNB’s plan to take the port private became easier after Amin Halim Rasip gave in to the ulitility giant to sell his 24.76% stake in Integrax at a revised general offer price of RM3.25 per share.

Amin, who is a co-founder of the Lumut-based port, had initially given TNB a good fight, only to finally bow out following Perak Corp Bhd shareholders’ approval to sell its entire 15.74% stake in Integrax.

The nominee director of TNB in Integrax, Fazlur Rahman Zainuddin, is confident that TNB would be able to successfully privatise Integrax.

“On our plan, it remains as per the offer documents, where Integrax operations remain as usual to support our Janamanjung power plant.

“Any changes are expected to be minor and will be duly announced after April 13, being the final cut-off deadline, after extension, for the remaining Integrax shareholders to accept TNB’s offer,” he told the press after an EGM yesterday, which saw shareholders’ approval on related-party transactions on the new jetty terminal usage (proposed JTUA 3) between subsidiaries of Integrax and TNB.

Integrax has entered into its third Jetty Terminal Usage Agreement (JTUA 3) for the import handling of coal for TNB’s 1,000MW power plant that is due to commence on Oct 1, 2017. The agreement terms are similar to JTUA 2 and in line with earnings projections.

TNB had initially announced the takeover offer on Jan 9 for the remaining stake it did not own in Integrax at RM2.75 a share.

The offer price was subsequently revised to RM3.25 after other major Integrax shareholders argued that the initial offer was too low.

no more power?

Kenapa Selalu Lambat? lain lain sudah shiok, see hohup.. you still Sleeping

on 3rd and 6th Apr director loads, but why so late announce?, they load at RM1.38

Integrax: TNB now in control of 90.2%

director load at what price? consider high at this price already unless they have special news to push up above 1.70

hohup in theedge mag! show times! expected good result to be announce

aiyo, doji!

broke highest resistance, now no limits, TP6!

i sell when there is u turn

past 3 cycles within 3 to 4 days job but on 31st March...it is well supported, may be foreign investor hold it

that sounds realistic but take note HH history shows it cant hold long... may be contra ppl hitting

wow

1.56 next TP?

i changed my sell q to higher price!

volume coming back, i think the news helps

tomorrow up!
http://www.thestar.com.my/Business/Business-News/2015/04/08/Takaso-Resources-in-talks-over-JV-projects/?style=biz

KUALA LUMPUR: Takaso Resources Bhd is in talks over possible joint venture (JV) projects and possible purchase of a company.

In its reply to a Bursa Malaysia query on Wednesday, it said the discussions and proposed acquisition had not been finalised.

Takaso said it would announce the details once these discussions have been finalised.

At midday, Takaso’s share price was down 1.5 sen to 53.5 sen. There were 9.92 million shares done at prices ranging from 53 sen to 54.5 sen.

still have hope?

nice chart forming

yeah, 1.70

coming thru 1 year resistance!

KUCHING: Tenaga Nasional Bhd (TNB) is poised to register another set of improved quarterly financial performance for the second quarter of financial year 2015 (2QFY15) ended February 2015. Affin Hwang Investment Bank Bhd (Affin Hwang) in a report yesterday said the electricity provider’s quarterly earnings for 2QFY15 due to be released later this month could show better numbers.
The research firm believed that the company’s 2QFY15 results could beat analysts’ forecast attributed to decent electricity demand growth and lower fuel costs arising from minimal use of oil and distillates due to good hydro power output.
Thus, the research firm projected TNB’s electricity unit sales might have increased about two per cent year-on-year (y-o-y).
With potentially higher electricity unit sales growth and better profit margins, Affin Hwang estimated that TNB’s 2QFY15 core profit before tax (PBT) to grow at a mid-single digit percentage point quarter-on-quarter (q-o-q) to between RM2.45 billion and RM2.55 billion.
On another note, Affin Hwang forecast TNB’s fuel costs to be under control in 2QFY15.
Affin Hwang observed that TNB’s generation mix of fuel had shifted substantially back to coal in 4QFY14 and it expects the positive trend to continue and translated into the company’s 2QFY15 financial results due to good hydro power output.
Additionally, the research firm also estimated that TNB might have incurred over-recoveries on fuel costs as coal prices remain benign while less liquefied natural gas (LNG) was likely used.
Hence, the research firm expects TNB to record lower fuel costs on a y-o-y basis in 2QFY15.
With potentially higher electricity sales growth and lower costs of electricity generation arising from lower fuel costs, Affin Hwang is optimistic that TNB will register another quarter of improved financial performance for the 2QFY15 ended February 2015.


Read more: http://www.theborneopost.com/2015/04/08/better-quarterly-earnings-for-tnb-in-2qfy15/#ixzz3WgiHGKdg

anyone have info on the UMA? http://www.thesundaily.my/news/1377899
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1926861

zzzzzzzzzzzzzzz

you believe RHB reports? see the TP since last year! i stuck at peak of RM1.65 due to these reports! i never trust since then...

how long?

May breakout from the ascending Triangle, which signal BUY which will take it to its immediate resistance of $1.50/$1.55 / $1.60 and possible target of $1.64. Any weakness should find immediate support at $1.36/$1.35 and strong support of $1.32. Stop Loss if $1.30 is violated

come on...

nice 6 white candles!

looking forward for disposal!

lay low today?

at least staying at 70 cents

dont understand by high vol but normal hike in pricing.. why need UMA?

too much... i dont think it is realistic

storm not yet over

http://www.theedgemarkets.com/my/article/bursa-queries-takaso-over-trading-volume-rally

never stop erecting! http://www.nst.com.my/node/79708

2.30! :)

hope it will not a fake one like in 17Mar

haha..!

why this month? anything? waiting for mbsb AGM on 25th Apr, see any news about this dating?

hippo, bimb good?