Maybank IB Research Recommended: Buy
Target Price: MYR 2.55
The QoQ growth was driven by: (i) higher vessel utilisation (+4-ppt to 93%)
(ii) full 3-months/maiden contributions from two new 300pax accommodation work barges (iii) lower admin costs.
^^^^^Expect to deliver a 41% 2-year net profit CAGR (2013-15).
Top Pick for the OSV sector. It has a very visible earnings growth profile, improving balance sheet and GO angle to boot. ^^^^^

HLIB Research Recommended: Buy
Target Price: MYR 2.18
YoY, PBT margin improved ^^^^^from 21% to 27%^^^^^
Expect stronger 2H due to full contribution from Perdana Protector and Perdana Resolute.

RHB Research Recommended:Buy
Target Price: MYR 2.20
Perdana Petroleum’s (Perdana) posted 1HFY14 revenue of MYR175.8m (+36.9% y-o-y), supported by higher utilisation rates and an expansion in Perdana’s fleet to 17 working vessels in 2Q14, vs 14 in 2Q13.
^^^^^^On a quarterly basis, core earnings came in at MYR22.6m, up 102.2% y-o-y and 11.1% q-o-q. 1HFY14 net core earnings of MYR42.9m came in at 47.1%/44.3% of our/consensus estimates.^^^^^^

Expect earnings to pick up in future quarters for the fully
sold Capers as progress billings have reached 70% - on track for
completion by end-2014,
a) ~RM400m total sales from Capers);

The MRT2 Circle Line will form a complete circle from Ampang to East Sentul.

Ripe for re-rating for its Sentul’s land price for MRT2.

YTL Land owns ~170 acres in KL City, comprising of Sentul (119 acres), KLCC-Bukit Bintang (5 acres), KL Sentral (5 acres), and Pantai Dalam (38 acres). Sentul is positioned to be an outer ring transportation hub.

YTL Land is probably the only major property developer that has a
sizeable landbank left in KL city, large enough to extend into the next property cycle. Its Sentul project has a total GDV of RM13.3bn based on a future valuation of RM1,000 psf compared to current prices of RM800 psf. This will give it a GDV to market cap ratio of 17.3x.

Valued at RM4bn $$$$$$$$$$The Crown jewel Bukit Jalil city project$$$$$$$$
======Pavilion 2 shopping mall more details likely to be released end 3Q.

HOHUP is on track to achieve strong earnings growth for FY14-15. The company’s turnaround plans had been well-executed with 1QFY14 net profit of
RM11.3m, already accounted for 50% of FY13 net profit and could further surpriseon the upside as development of its crown jewel in Bukit Jalil materializes.
Earnings from this development could sustain the company until 2022.

Strong earnings growth ahead. During its AGM in June, HOHUP anticipates a
double-digit growth in profits for FYE Dec 2014, driven mainly by its property segment, which will contribute between 60% and 70% to the group.

Hong Leong Investment Bank 06082014 ++++Trading idea: Imminent rebound.
Risk Profile: Low Risk

Log prices have increased by 10-15% due to export ban by Myanmar since 1st April, 2014. Ta Ann 2nd quarter earning is looking good.

1H14 production log came in at 254,483m3, 38% higher than 1H13.

To recap, Ta Ann Tasmania Pty Ltd has entered into an agreement with the Australian Government in June 2013 to reduce its peeler wood supply entitlement held under the contract with Forestry Tasmania.

In return, the Australian Government had agreed to compensate Ta Ann with A$28.6 million.

The first tranche of A$22.3 million was already paid in 2013 while the second tranche of A$6.3 million is expected to be paid by September 1, 2014 and this will be a boost to third quarter 2014 earnings.

Ta Ann is undervalued at 13.5x FY15 PER compared to the average mid-cap plantation companies valuation of 16x. It is a laggard among planters.

Net cash per share RM 0.405.
Debt free company.
Special dividend for FYE 2014???????????

List of Top 30 Holders
as at 20 February 2014
1 BOUSTEAD HOLDINGS BERHAD 161,497,448 64.999%
2 LEMBAGA TABUNG ANGKATAN TENTERA 20,250,000 8.150%
3 LEMBAGA TABUNG HAJI 12,165,000 4.896%
On 25/6/2014, Tabung Haji just appeared with 6.64% stakes...still accumulating..
BHIC might be privatised ?

On August 2010 , QL bought 11million share or 23% of Lay Hong share at the price of Rm1.05. NOW, RM2.51. Buy!

Magna Prima selling Lai Meng land?
 Property developer Magna Prima Bhd is seeking buyer for its prized parcel in
Kuala Lumpur’rs Golden Triangle – the former site of SRJK © Lai Meng – five
years after it announced the acquisition for the redevelopment. (The EdgeFinancial Weekly)

The project has an estimated GDV of A$210 million (RM653 million).

The indicative gross development cost is A$148 million with an expected profit of A$62 million.

The Istana, Melbourne, Australia
The indicative gross development cost is A$148 million with an expected profit of A$62 million. The development in Melbourne is a 25-storey block with 320 apartment units, with sizes ranging from 403sq ft to 4,458sq ft.

Construction on the Group’s maiden overseas venture
continues to progress well with more than 45% of building
works completed by the end of FY13. Sales of 240 units
(take up rates 75%) have been recorded with an approximate sales value of AUD138,368,072=Rm419,255,258 .(Annual report 2013)
The Board is targeting to complete The Istana project in third quarter of this financial year which will boost the Group's based on quarterly rpt on consolidated results for the financial period ended 31/3/2014

Net cash per share 40sen.

Yahoo.... Div :First interim single tier dividend of eight percent (8%) and a First interim single tier special dividend of two percent (2%) per ordinary declared...!!EX-date 11/06/2014 Net DY(%): above 6.4%

Yahoo.... Div 3 sen tax exempt declared...!! Net DY(%): above 6%

NOTICE IS HEREBY GIVEN THAT the single tier final dividend of 30% (RM0.03) per ordinary share of RM0.10 each in respect of the
financial year ended 31 December 2013, if so approved at the Twelfth Annual General Meeting, will be paid on 18th June 2014
to Depositors whose names appear in the Record of Depositors at the close of business on 11th June 2014.
A Depositor shall qualify for entitlement to the dividend only in respect of:-
a. shares transferred in the Depositor’s Securities Account before 4.00 p.m. on 11th June 2014 in respect of shares; and