Also, watch MTouche. It too has the inklings of a warrant play.

Jacqueline Lee Fei Fei, a corporate lawyer, is a common significant shareholder in all of these 3 companies: SMTrack, INIX and MQTech.

Inix and SMTrack performance are impressive. Currently Inix is limit up at 79s now, with SMTrack at 49s, up 21s. MQTech is at 22.5s, up 0.5s.

The connection could spur a run on MQTech. If so, the 30sen target looks like sap sap sway.

Diego2020 anyone know why Inix hit record high?
10/08/2020 11:47 AM

I think it could be a warrant play. It is the same with XOX. Warrants for both counters are at a discount.

XOX is up 3 sen to 30 sen, and KGroup hasn't moved at 11.5

KGroup moving !!!

The Sun paper had said KGroup has 248.6m shares converted from IRCPS at a price of 5s for RM6.22m. KGroup had actually converted 248.6m IRCPS into 124.3m ordinary shares (at a conversion rate of 2 for 1), paying a total of RM6.2m or 5s for each ordinary share.

KGroup had previously before the movement control order period, subscribed up to almost 400 million XOX PA at 2.5s a share. So, there is still a balance of about 150m IRCPS or 75m ordinary shares to take up upon conversion.

Giving XOX a value of 25sen as an example (currently last traded at 26.5s), the new shares have increased the value of the company by about RM25m (124.3m shares x 20s each). Together with the balance of 75m shares, the total value enhanced by their investment in XOX, is RM40m, or over 885m shares, 4.5s per share.

All in all, it Is now reported that the exercise is "...bringing its total shareholding of XOX to 347.9 million shares representing 17.83% of the paid up-capital of XOX."

The current NBV of KGroup before the above exercise is 11.47. Looks like the revised figure would be more in the region of 15s, more with the new foray. We'll have to wait and see if the share price catches up with the latest development..

29/07/2020 2:36 PM

July 29, 2020 11:53 am +08
Bernama / Bernama

XOX, Key Alliance most active in morning session

KUALA LUMPUR (July 29): XOX Bhd and Key Alliance Group Bhd were the most actively traded counters on Bursa Malaysia in the morning session after Key Alliance raised its stake in XOX to become the single largest stakeholder in the mobile virtual network operator yesterday.

At 10.20am, XOX slipped one sen to 27 sen with 28.90 million shares traded, while Key Alliance was unchanged at 10 sen with 19.16 shares transacted.

In a statement yesterday, Key Alliance said it is converting 248.6 million preference shares in XOX to mother shares for RM6.2 million, bringing its total shareholding of XOX to 347.9 million shares representing 17.83% of the paid up-capital of XOX.

The information communications technology (ICT) provider said the board felt this is an opportune time to increase its stake, given the recent developments in XOX's rapid moves to capture different revenue streams, which fit synergistically with Key Alliance's cloud, data centre and Internet of Thing (IoT) forays.

"The investment in XOX has paid off, with the moves towards artificial intelligence (AI) vending machines, micro financing and now its potential partnership with foreign telcos for the 5G programme all being positives to increase revenue streams going forward, capitalising on the subscriber base," it said.

With the group's recent expansion plans well documented to branch into the medical devices industry, Key Alliance said the strategic ownership of XOX has provided the group with a clear opportunity to move into cloud-based digital healthcare solutions utilising XOX's e-wallet capabilities, as well as the connectivity, computing and storage capacity provided by Key Alliance's data centre and cloud services.

https://www.theedgemarkets.com/article/xox-key-alliance-most-active-morning-session

Key Alliance is KGroup, not K1

XOX is currently at 27.5s

The Sun paper this morning says KGroup has 248.6m shares converted from IRCPS at a price of 5s for RM6.22m. Following this, KGroup is now the largest shareholder of XOX with 17.83% stake.

At 33.5s, the L4QP/E is only 13.49!

Looks like their masks are not your ordinary run-of-the-mill ones.

Best protection against Covid-19

The Star Metro News
Thursday, 02 Jul 2020

PROLEXUS has launched its new revolutionary anti-virus protective mask ProXmask90V that could provide optimal protection against Covid-19.

Designed and engineered with its ProX technology, the ProXmask90V is marketed as being able to inactivate 99.9% of SARS-CoV-2 that causes Covid-19, other coronaviruses as well as influenza viruses and bacteria.

The anti-virus technology in the mask fabric, developed with an European textile chemical manufacturer, features the presence of active positive charges on the fabric – as binding sites for viruses.

Upon contact with the fabric, the virus cells that are negatively charged are neutralised, leading to rapid destruction of its glycoprotein layers.

During the testing stage, the treated fabric was contaminated with a known concentration of SARS-CoV-2. The measurement that followed showed a reduction of over 99.9% of SARS-CoV-2 on the fabric relative to the inoculum control.

The mask also comes with a water repellency feature and is fitted with an innovative self-developed microfiltration structure, which captures and deactivates viruses and bacteria down to a microscopic scale of 1,000 times smaller than a millimetre.

ProXmask90V is engineered to deliver a five-layer protection through the application of advanced textile technology. It is manufactured by Honsin Apparel Sdn Bhd, a subsidiary of Prolexus, with its manufacturing licence approved by the Malaysian Investment Development Authority (MIDA).

“ProXmask90V is washable and reusable up to 60 times,” said Prolexus innovation and development manager Dr Harintharavimal Balakrishnan.

https://www.thestar.com.my/metro/metro-news/2020/07/02/best-protection-against-covid-19

https://www.prolexus.com.my/prox-products-proxmask

PP done at 5.87sen with 70.69million shares listed today.

OLED is produced by LG.
QLED is Samsung's.

At the current price of RM1.60, the PE is 40x.

SKPRES-WA at 31s is trading at a discount of 7.88% to its mother which is trading at 82.5s.
Its exercise price is 45s and it still has 819 days to expiry!

i think with MP Corp, we were aware of the protagonists, and their reputation, behind the company.

Unlike Transmile, it doesn't appear there is a deliberate intent to defraud or mislead here.

Sometimes we don't take in enough of what we already know and act accordingly on it. The blame therefore lies in ourselves.

I do not think we should stoop so low as to be calling someone they do not belong here. This is totally unacceptable and is totally out of order!

Also, we should stop making personal attacks which are uncalled for. I believe there have been instances in the past when many have made money from Calvin's calls.

Empathy should be the order of the day instead saying the obvious and gloating at someone's mistake.

Let's learn from this, and move forward ...

Not wanting to be left behind, RHB has increased their TP to 4.50 from 3.60, beating AMMB's 4.00 MIB's 4.35 and Ken's 3.80.

RHB's executive summary is as follows:

Berjaya Auto - Another Leg Up Thanks To Abenomics

Berjaya Auto (BAuto) is a beneficiary of Japan’s policy to competitively devalue the JPY. Every 10 sen change in JPY/MYR could impact net profit by about MYR5m. Domestic Mazda sales are on track to meet our FY15 sales target while the eagerly-anticipated Mazda 2 B-segment competitor is on schedule for a Jan 2015 launch together with the CKD Mazda 3. Reiterate BUY with a revised TP of MYR4.50 (38.5% upside).

Weaker JPY means better margins. The JPY has depreciated 5.8% against the MYR since mid-October, exacerbated by the Bank of Japan’s expanded monetary stimulus programme last week. We estimate a 10 sen change in the JPY/MYR exchange rate could impact BAuto’s net profit by MYR5m. We revised our JPY100/MYR exchange rate assumptions to MYR3.05 and MYR2.80 for FY15 and FY16 respectively (from MYR3.25), in line with our latest house exchange rate forecasts.

Weaker JPY also means more competitive vehicle pricing. The weaker JPY also gives BAuto an advantage in vehicle pricing negotiations as Mazda Motor Corp can now offer more competitive pricing to BAuto in MYR terms without sacrificing its profit margin.

New model launches on schedule. BAuto will kick off 2015 with a bang, introducing both the Mazda 2 (assembled in Thailand) and the complete knock down (CKD) Mazda 3 next January. Other new Mazda models in the pipeline in 2015 include the facelift Mazda 6 and CX-5,before the debut of the CX-3 baby SUV towards end-2015. We are conservatively forecasting a FY14-17 3-year volume sales CAGR of 38.2%, driven by a strong new model pipeline and a supportive principal.

Forecasts and risks. We lift our FY15 and FY16 net profit forecasts by 5% and 15.3% respectively after updating our JPY/MYR assumptions. We also introduce our FY17 forecast. Key risks to our recommendation are: i) unfavorable forex trends, ii) supply chain disruption, iii) weaker consumer discretionary spending, and iv) irrational price competition.

Maintain BUY. BAuto is attractive for its undemanding valuations of just 9.2x FY16 coupled with a 3-year FY14-17 EPS CAGR of 34.2%. Applying a PEG of 0.4x suggests a target P/E of 13.7x (from 12.5x) applied to CY15 EPS to derive a revised TP of MYR4.50 (from MYR3.60). We believe Mazda’s strong product suite will ensure continued market share gains. BAuto is in a net cash position and highly cash-generative, which could mean higher dividends or new earnings accretive business streams.

Source: http://klse.i3investor.com/blogs/rhb/63683.jsp

Any news from this morning's AGM?

.
Results for the half year of 2014

a) Although profit for the period is up:
2Q14 3.044k vs 2Q13 1.573k up 93.5%
6M14 4,587k vs 6M13 3,583k up 28.0%

b) Basic earnings per share is down:
2Q14 0.72s vs 2Q13 1.08s down 33.3%
6M14 1.36s vs 6M13 2.46s down 44.7%

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1714865

If we use 2Q14 EPS of 0.72s as being representative of the next 2 quarters, the total EPS for the year of 2.8s, given the current price at 93.5s, would give a PE of 33.4 times. Even at an EPS of 3.0s, the PE ratio would still be over 31x.

Currently up 12s at 2.24s.
NAB at 3.46
CIMB TP at 3.96
Kenanga TP at 3.24
Another Brem and SHL ?

TSH expects FFB to hit 20% CAGR over next 3 years

Posted on 4 June 2014 - 05:40am
Ee Ann Nee
sunbiz@thesundaily.com

PETALING JAYA: TSH Resources Bhd, which fresh fruit bunch (FFB) production stood at 543,000 metric tonne in 2013, expects the group's FFB production to grow at a compounded rate of 20% over the next three years.

TSH group managing director Datuk Tan Aik Sim said FFB production in Sabah will grow a few percent each year while FFB production in Indonesia is expected to grow at a compounded rate of 20% to 30% over the next three years as a result of more planted area coming to maturity and reaching peak production age, as well as good agronomist standards.

Tan said TSH's total landbank measured 105,000ha and its unplanted areas of 55,000ha is enough to keep TSH busy for many years. In the planted areas of 50,300ha, 10,000ha is fully matured while 82% of plantation is immature and young matures which will contribute to the future production growth.

"The next two to four years will be interesting. Those young trees will come into fruition and young matured trees about five to six years will hit its peak production in two to three years," Tan told a press conference after the group's AGM here yesterday.

The group planted about 4,500ha last year and will continue its new planting at 4,000ha to 5,000ha annually to sustain growth.

"We're always on the lookout for more land in Indonesia. It's harder and harder to find good land. If we can get a few thousand hectares every year (in Indonesia) to replenish (landbank), we'll be happy," said Tan.

Tan said TSH plans to invest RM45 million to RM50 million to set up its eighth palm oil mill, which will be erected in 18 months in Sumatra with a capacity of 60 tonnes per hour. TSH currently has four mills in Sabah and three mills in Indonesia.

"Every year, we allocate a capital expenditure of RM120 million to RM150 million for plantation," he added.

Tan said (the volatility of) crude palm oil (CPO) prices are beyond control but what it can control is its management and efficiency.

"We have good yield and cost structure and that make us a competitive producer. In any downturn, we're able to sustain (the growth)," he said, adding that production cost in Sabah is RM800 per metric tonne and RM1,050 to RM1,100 per metric tonne in Indonesia, which has younger trees.

The average CPO price was RM2,251 per metric tonne in 2013 and a better CPO outlook for 2014 is expected, premised on better domestic biodiesel consumption in Indonesia and Malaysia.

"We don't think CPO prices will go below the RM2,000 level and it will get better, especially with the El-Niño effects and CPO price is expected to appreciate," said Tan.

Meanwhile, TSH hopes to look at a dividend payout of 30% to 50% of its net profit in five years' time, from 20% to 30% of its net profit currently.

"We're still growing and we need over RM100 million every year for plantation and to sustain our growth going forward. In five years time, it (dividend policy) depends. Once we have a bigger base, our income is much higher and the amount we need to go into plantation is comparatively smaller, so we may pay out a little more " said Tan.

Source: http://www.thesundaily.my/news/1067723

RHB Research email of 3 june 2014 (today):

E&O (EAST MK, BUY, FV: MYR3.52)
Further Catalysts For Share Price
Company Update

We maintain our BUY rating with a higher FV of MYR3.52 on E&O. The three re-rating catalysts driving our FV upgrade are:
(i) greater management’s commitment after the recent 9.9% shares acquisition at MYR2.90/share;
(ii) acceleration of the Penang State Government’s endorsement for STP2’s masterplan; and
(iii) transacted price for the Eco Macalister land bumps up our RNAV with our new land value assumption of MYR400 psf for STP2.
.

The disposal of the 28-storey Menara PJD was completed on 21 May 2014.
This means that the much anticipated accounting of the disposal including the gain and the increase in the NAV will only take place in the next quarter, the results for which is released in August.

RHB Research upgrades TSH to Buy from Neutral
Friday May 23, 2014

KUALA LUMPUR: RHB Research has upgraded TSH Resources to a Buy rating from Neutral with a raised fair value of RM3.91 from RM3.19.

In a note on Friday, the research house said TSH 1Q results were above its expectation, making up 24% of RHB’s pre-revision forecast.

“TSH has good age profile driving long-term double-digit production growth. The strong earnings delivery also means that balance sheet de-gearing will take place at a faster rate,” it said.

It noted that TSH’s 1QFY14 core earnings came in at RM35.5mil, making up 24% of our full-year forecast and 23% of consensus.

“Earnings growth was impressive at 72% on-year, driven by a 21% growth in production and an 18% rise in realised crude palm oil (CPO) price. Wood product segment maintained its breakeven position,” it said.

With the increase in production assumption, RHB FY14 earnings forecast for TSH is raised by 4% to RM153mil, while FY15 forecast is raised by 5%.

“We value the plantation business at an unchanged 16 times P/E. With a 14% upside, we upgrade TSH to a Buy,” it said.

RHB said TSH started planting the high-yielding Wakuba material in 2013 whereby 1,000 ha was planted.

These trees will hit maturity in 2H2016. The Wakuba material promises FFB yield of 35 tonnes/ha at its peak.

“We have not factored this into our forecast,” it said.

Source: http://www.thestar.com.my/Business/Investing/2014/05/23/RHB-Research-upgrades-TSH-to-Buy-from-Neutral/

myone99, what is the source of your article?

Maybe it is because of this particular piece of announcement:

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR LIQUIDATION OF MMC BELGIUM NV FROM THE CENTRAL REGISTER FOR COMPANIES OF BELGIUM

MMC CORPORATION BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description LIQUIDATION OF MMC BELGIUM NV FROM THE CENTRAL REGISTER FOR COMPANIES OF BELGIUM

Further to the announcement dated 4 May 2005, MMC Corporation Berhad (“MMC”) wishes to announce that it has received notification on 5 May 2014 that MMC Belgium NV (“MMC Belgium”), an indirect wholly-owned dormant subsidiary, has been automatically liquidated and removed from the Central Register for Companies of Belgium.
The liquidation of MMC Belgium is not expected to have any material impact on the operations, earnings and net assets of the MMC Group for the financial year ending 2014.
None of the Directors and/or major shareholders of MMC and/or persons connected to them have any interest, direct or indirect, in the liquidation of MMC Belgium.
This announcement is dated 6 May 2014.

Announcement Info
Company Name MMC CORPORATION BERHAD
Stock Name MMCCORP
Date Announced 6 May 2014
Category General Announcement
Reference No MC-140506-41246

TSH Resources FY13 earnings double to RM153.1m (Update)
Updated: Tuesday February 25, 2014 MYT 3:30:03 PM

KUALA LUMPUR: Sabah-based TSH Resources Bhd's earnings jumped 98.7% to RM153.1mil in the financial year ended Dec 31, 2013 (FY13) from RM77.03mil in FY12 and proposed a dividend of 3.5 sen a share.

It said on Tuesday the profit after tax for FY13 was the highest ever at RM224.6mil, an increase of 132% higher than the core profit after tax of RM97mil a year ago.

"This spectacular result was achieved on the back of very strong growth in fresh fruit bunches (FFB) production in 2013 and reduction in production costs, in the face of lower crude palm oil (CPO) prices registered during the year.

"This record profit after tax was contributed by core profit after tax of RM139.3mil and investment disposal gain of RM85.3mil," it said. TSH said its revenue rose 3.3% to RM1.016bil from RM983.65mil.

The company said production costs were lower due to better efficiency. This saw gross profit margin rising to 30.6% in 2013 from 25.5% a year ago.

The gross profit margin improved despite a 15% lower average crude palm oil price of RM2,251 in this year compared to RM2,650 in 2012. The effective reduction in unit production cost has been very significant over the last one year.

TSH chairman Datuk Kelvin Tan said since 2008, TSH's FFB production had been growing on average at 34.4% per annum.

"With cash from the disposal of non-core investment in Pontian United Plantation Bhd, we have a stronger platform to accelerate our new oil palm planting and acquisition of primarily greenfield plantations.

"Almost 80% of oil palm plantation trees of TSH are now immature and young matured. These young trees will continue to fuel FFB production growth. Coupled with our on-going new planting, we believe that we can sustain a double digit growth in FFB production for the next five to seven years.

"In addition, we expect our unit production cost to continuously undergo downtrend as our FFB yield increases for the next few years," Tan said.

For Q4, 2013 the core profit after-tax jumped 53% to RM50mil from the core profit after-tax of RM32.7mil a year ago.

The core profit after tax was calculated after excluding non-operating items such as currency translation difference.

Its revenue rose 6% to RM278.15mil from RM216.81mil. Its earnings per share were 3.64 sen compared with 3.72 sen.

Source: http://www.thestar.com.my/Business/Business-News/2014/02/25/TSH-Resources-FY13-earnings-double-to-RM153m/

Average CPO price in the 2013 results is RM2,251, as stated in the previous report.
Now it is 2,763. Lowest CPO price in Jan 2014 is around 2,500.
Whether it will go up or down, nobody knows; industry players seem to be optimistic.
But they would, wouldn't they?


Per Hong Leong research today:

Valuation

SOP-derived TP raised by 1 sen to RM3.13 as we updated the share prices of subsidiary and associate. Downgrade from Buy to Trading BUY following the recent share price run-up. 

Although our SOP-derived TP provides a total potential return of only 5.5% (including a projected DPS of 2.5 sen), we believe share price could potentially overshoot our TP in the short term, as TSH is one of the major beneficiaries from the recent CPO price run-up. Based on our sensitivity analysis, every RM100 rise from CPO price assumption will lift our FY15 earnings forecast and TP by 8.4% and 6.1% respectively.

Source: http://klse.i3investor.com/blogs/hleresearch/47106.jsp

p/s So, every RM100 increase in CPO price would lift HL's TP by 19sen (6.1% of RM3.13) but they didn't say what their CPO price assumption is..



Per Hwang research today:

TSH Resources; BUY; RM3.00
Price target: RM3.70 (Prev RM3.60); TSH:MK
Record high quarter

4Q13/FY13 core net profit beat our and consensus’ estimates. Stronger earnings attributed to higher FFB production and operational efficiencies. Raised FY14-16F earnings by 5-6%. Maintain BUY with RM3.70 TP.

Source: http://klse.i3investor.com/blogs/hwangdbs/47116.jsp



Per Kenanga research today:

TSH Resources - Superb FY13 But The Best Is Still To Come!

Date: 26/02/2014

Source : KENANGA
Stock : TSH Price Target : 4.10 | Price Call : BUY
Last Price : 3.00 | Upside/Downside : +1.10 (36.67%)

Period 4Q13/FY13

Actual vs. Expectations TSH Resources (TSH)’s FY13 core net profit (CNP)* of RM143m trumped consensus estimate as it came in 36% and 24% above the street’s consensus estimate of RM105m and ours at RM115m, respectively.

We may have underestimated TSH’s effort to enhance its efficiency in managing cost during the tough time of low CPO prices. Note that FY13 cost of sales actually declined 4% YoY to RM705m despite revenue growing 3% YoY to RM1.02b.

Dividends As expected, a final dividend of 3.5 sen was announced (subject to approval in the Annual General Meeting).

Key Results Highlights YoY, FY13 core net profit surged 53% to RM143m. Despite having to accept lower CPO prices of RM2251/mt (-15% YoY), TSH managed to outperform its peers with superior earnings growth as its FFB volume jumped 28% to 542,951 mt.

QoQ, 4Q13 core net profit jumped 37% to RM56m due to better CPO prices (+7% to RM2392/mt) and seasonally higher FFB volume in 4Q13 (+24% to 159,721 mt).

Outlook Management expects “improved profit in the coming quarter” and we believe FY14 will be a much better year than 2013. We reiterate our view that TSH will benefit most from higher CPO prices due to its highest FFB growth potential among all planters under our coverage. Due to its young age profile, we expect TSH to deliver FFB growth of 18% in FY14E and this is much higher than peers’ average FFB growth of 10%.

Change to Forecasts FY14E earning is increased by 2% to RM204m while FY15E earning is raised by 3% to RM214m as we assumed lower general cost.

Rating Maintain OUTPERFORM TSH is still undervalued as it is only trading at 13.2x Fwd. PE despite spectacular earnings growth potential of 43% in FY14E.

Valuation We raised our TP to RM4.10 (previously: RM3.38) after applying higher Fwd. PE of 18x (from 15x) on higher FY14E EPS of 22.7 sen (previously 22.6 sen). Our new valuation of 18x has been upgraded to +1.0SD (from +0.5SD). The premium valuation reflects its good cost management and best FFB output growth potential.

Risks to our call Lower-than-expected CPO prices and FFB growth.

Source: http://klse.i3investor.com/servlets/ptres/21455.jsp

TSH Res 2013 profit jumps 132pc

KUALA LUMPUR: Sabah-based TSH Resources Berhad (“TSH”) registered the highest record profit after tax (“PAT”) of RM224.6 million for the financial year ended 31 December 2013, which was 132pc higher than the core PAT of RM97 million in the previous corresponding year.

This spectacular result was achieved on the back of very strong growth in fresh fruit bunches (FFB) production in 2013 and reduction in production costs, in the face of lower crude palm oil (CPO) prices registered during the year. This record PAT was contributed by core PAT of RM139.3 million and investment disposal gain of RM85.3 million.

In line with the decrease in production costs realized by TSH through better efficiency, the gross profit margin escalated to 30.6pc in 2013 from 25.5% in the previous year. The gross profit margin improved despite a 15pc lower average CPO price of RM2,251 in this year compared to RM2,650 in 2012. The effective reduction in unit production cost has been very significant over the last one year.

“Since 2008, TSH’s FFB production has been growing on average at 34.4pc per annum. With cash from the disposal of non-core investment in Pontian United Plantation Berhad, we have a stronger platform to accelerate our new oil palm planting and acquisition of primarily greenfield plantations,” said Chairman, Datuk Kelvin Tan.

“Almost 80pc of oil palm plantation trees of TSH are now immature and young matured.These young trees will continue to fuel FFB production growth. Coupled with our on-going new planting, we believe that we can sustain a double digit growth in FFB production for the next 5-7 years. In addition, we expect our unit production cost to continuously undergo downtrend as our FFB yield increases for the next few years,” Kelvin Tan further explained.

For the 4th quarter ended 31 December 2013 (“4Q 2013”), the core PAT of TSH jumped by 53pc to RM50.0 million as compared to the core PAT in the previous quarter (“4Q 2012”) of RM32.7 million. The Core PAT is calculated after excluding non-operating items such as currency translation difference.

TSH has announced a proposed first and final single tier dividend of 3.5 sen per ordinary shares for the financial year ended 31 December 2013

The above article is from today's NSTP:
Read more: TSH Res 2013 profit jumps 132pc - Latest - New Straits Times http://www.nst.com.my/business/latest/tsh-res-2013-profit-jumps-132pc-1.492769

According to The Edge article referred to above, the core underlying pretax profits for the financial year improved by 30% from RM112.6m to RM146.4m. Similarly, q-o-q results improved by 44.6%.

The Company also said that with FFB production expected to increase significantly In 2014, "the group can expect to achieve improved profit in the coming quarters."

The confidence in the performance of the company and the outlook of the business is underpinned by an increase in its dividend by 40% from 2.5s to 3.5s.

PER based on EPS of 17.89s and a share price of RM3.00, is 16.7x.

Besides sterling results, a corporate exercise to increase liquidity is also in the pipeline (pun intended).

Currently still in accumulation stage - I don't think it will go below 2.30, the lowest for the day so far.

UEMS the laggard, has rebounded! 2.37 +7

UEMS, at 2.32 is a major laggard amongst the Iskandar players. It has been forming a base for the last 10 weeks or so, giving a very strong support at around 2.30 - 2.35, with narrow Bollinger Bands. Bloomberg's current p/e ratio (ttm) for UEMS is 14.36 compared with Eco 45.8 and SP Setia 16.4.

Business Times's reminder today that Ecoworld has over 1,200ha in Iskandar with other news, has helped to continue push up the price of Eco. Also, recent announcements of land deals with Singapore and China companies have indicated that the transacted price is now at around RM1,000psf. All these news has not impacted UEMS yet and UEMS is one of the largest land owner (over 5,000ha) in Iskandar!

Thank you for sharing Icon8888. Engtex now at 1.45 +5.

Do you know how much shares AsiaBio own of Graphene Nanochem PLC?

The contracts for the sale of biofuel to Caltex, Shell and Petron were recently signed with Graphene and not AsiaBio; even the recognition of the biofuel and the manufacturing process by the US EPA was also given to Graphene. Does anybody know why, or, perhaps hazard a guess?

Also, I wonder why Goldman Sachs doesn't buy Graphene,which is quoted on the London SE, instead.

How is Graphene Nanochem PLC related to Asiabio?
Their website is down.

Yes, the trend is still intact with higher lows over the past few days. Closing today at 16s which is near the high of the day of 16.5s (with low of 13.5s) is another positive sign, and should bode well for tomorrow, if nothing untoward happens.

I can't even bear to think about the possibility of US shutting down. Markets around the world would tank, starting with the US. And it will be one big correction, if it happens.

Yet again, it is the Republications trying to play a game of brinkmanship, deliberately making life difficult for Obama.

Closing at 56s v 56.5s

Came down to 56s at 4.07pm then got pushed back up to 57s.
Looks like buyers are waiting to take the sellers.

it's 4pm now and the price is 57 v 57.5s - see if the day traders start to unwind their positions ...

OSK 27 Sep 13: TP3.23 re-rating due on current price.
Affin Research 30 Sep 13: TP2.60 (3-6mths target)

I do not think the director selling is of consequence.
The director sold 1m at 28s. On that day it had a low of 26.5s, and closed at the high of the day of 28s. Also, the volume of 16.3m was sufficiently high to absorb the selling.

Today's volume hit 23m, closing at 29s +.005s.

If you look at the price chart, you can see that it is on a solid short-term uptrend. Over the last 6 days, you see higher lows and the highs getting higher everyday, with a 0.5s increase in the closing price each day, from 25.5s to 29s.

This is a very good indicator - besides meaning that the price has increased by almost 2% per day, and is on an uptrend, it also bears the connotation that those who have bought the shares in any of the last 6 days have not lost money. So, no one had bought high and therefore lost money, and will try to cash out when the price goes back up, thus preventing it from going up further. So this counter seems pretty safe.

I think it will attempt to cross 33s soon, the exercise price of the warrants given away free.

The 98s per share would have taken into account these liabilities.

The above discussion earlier mentioned that MPCorp owes money to Amanah Raya. It probably owes money to other third parties as well. I believe these issues would have been provided for in the accounts of the company. Am I right? In the Q4 2013 results, released on 30th August 2013, the accounts reported a net asset per share of 98s.