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2023-08-15 14:52 | Report Abuse
Top up more CLASSITA at @0.075
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2023-08-14 16:12 | Report Abuse
Top up more CLASSITA at @0.085
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2023-08-14 07:43 | Report Abuse
Bursa Malaysia set to rebound from Monday (Aug 14) onwards on bargain hunting
Sunday, 13 Aug 2023 6:02 PM
https://www.thestar.com.my/aseanplus/aseanplus-news/2023/08/13/bursa-malaysia-set-to-rebound-from-monday-aug-14-onwards-on-bargain-hunting
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to rebound amid bargain hunting activities from Monday (Aug 14) driven by improved risk appetite in the market post-election.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is expected to trend sideways with an upside bias within the 1,450 and 1,470 range next week, with immediate resistance at 1,460 and support at 1,440.
"We believe that the trajectory of the FBM KLCI will be significantly influenced by the stability of the domestic political environment.
"Nonetheless, we reckon the possibility of bargain-hunting activities to emerge due to the cheap valuations of local equities,” he told Bernama.
Furthermore, Thong said the Brent crude oil is holding above US$85 per barrel due to the collective efforts by Saudi Arabia and Russia in reducing output.
"From our perspective, this presents a potential opportunity for short-term activity in the oil and gas stocks,” he added.
For the week just-ended, the FBM KLCI moved in a volatile trading pattern with a fair share of influence from the domestic and external factors, including the six state elections, second-quarter corporate earnings announcements, economic data from the United States (US) and China, as well as Moody's credit rating downgrade on US banks.
On a Friday-to-Friday basis, the FBM KLCI rose 11.95 points to end the week at 1,457.16 versus 1,445.21 a week earlier…
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2023-08-14 07:43 | Report Abuse
Bursa Malaysia set to rebound from Monday (Aug 14) onwards on bargain hunting
Sunday, 13 Aug 2023 6:02 PM
https://www.thestar.com.my/aseanplus/aseanplus-news/2023/08/13/bursa-malaysia-set-to-rebound-from-monday-aug-14-onwards-on-bargain-hunting
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to rebound amid bargain hunting activities from Monday (Aug 14) driven by improved risk appetite in the market post-election.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is expected to trend sideways with an upside bias within the 1,450 and 1,470 range next week, with immediate resistance at 1,460 and support at 1,440.
"We believe that the trajectory of the FBM KLCI will be significantly influenced by the stability of the domestic political environment.
"Nonetheless, we reckon the possibility of bargain-hunting activities to emerge due to the cheap valuations of local equities,” he told Bernama.
Furthermore, Thong said the Brent crude oil is holding above US$85 per barrel due to the collective efforts by Saudi Arabia and Russia in reducing output.
"From our perspective, this presents a potential opportunity for short-term activity in the oil and gas stocks,” he added.
For the week just-ended, the FBM KLCI moved in a volatile trading pattern with a fair share of influence from the domestic and external factors, including the six state elections, second-quarter corporate earnings announcements, economic data from the United States (US) and China, as well as Moody's credit rating downgrade on US banks.
On a Friday-to-Friday basis, the FBM KLCI rose 11.95 points to end the week at 1,457.16 versus 1,445.21 a week earlier…
Stock
2023-08-14 07:42 | Report Abuse
Bursa Malaysia set to rebound from Monday (Aug 14) onwards on bargain hunting
Sunday, 13 Aug 2023 6:02 PM
https://www.thestar.com.my/aseanplus/aseanplus-news/2023/08/13/bursa-malaysia-set-to-rebound-from-monday-aug-14-onwards-on-bargain-hunting
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to rebound amid bargain hunting activities from Monday (Aug 14) driven by improved risk appetite in the market post-election.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is expected to trend sideways with an upside bias within the 1,450 and 1,470 range next week, with immediate resistance at 1,460 and support at 1,440.
"We believe that the trajectory of the FBM KLCI will be significantly influenced by the stability of the domestic political environment.
"Nonetheless, we reckon the possibility of bargain-hunting activities to emerge due to the cheap valuations of local equities,” he told Bernama.
Furthermore, Thong said the Brent crude oil is holding above US$85 per barrel due to the collective efforts by Saudi Arabia and Russia in reducing output.
"From our perspective, this presents a potential opportunity for short-term activity in the oil and gas stocks,” he added.
For the week just-ended, the FBM KLCI moved in a volatile trading pattern with a fair share of influence from the domestic and external factors, including the six state elections, second-quarter corporate earnings announcements, economic data from the United States (US) and China, as well as Moody's credit rating downgrade on US banks.
On a Friday-to-Friday basis, the FBM KLCI rose 11.95 points to end the week at 1,457.16 versus 1,445.21 a week earlier…
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2023-08-14 07:40 | Report Abuse
Bursa Malaysia set to rebound from Monday (Aug 14) onwards on bargain hunting
Sunday, 13 Aug 2023 6:02 PM
https://www.thestar.com.my/aseanplus/aseanplus-news/2023/08/13/bursa-malaysia-set-to-rebound-from-monday-aug-14-onwards-on-bargain-hunting
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to rebound amid bargain hunting activities from Monday (Aug 14) driven by improved risk appetite in the market post-election.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is expected to trend sideways with an upside bias within the 1,450 and 1,470 range next week, with immediate resistance at 1,460 and support at 1,440.
"We believe that the trajectory of the FBM KLCI will be significantly influenced by the stability of the domestic political environment.
"Nonetheless, we reckon the possibility of bargain-hunting activities to emerge due to the cheap valuations of local equities,” he told Bernama.
Furthermore, Thong said the Brent crude oil is holding above US$85 per barrel due to the collective efforts by Saudi Arabia and Russia in reducing output.
"From our perspective, this presents a potential opportunity for short-term activity in the oil and gas stocks,” he added.
For the week just-ended, the FBM KLCI moved in a volatile trading pattern with a fair share of influence from the domestic and external factors, including the six state elections, second-quarter corporate earnings announcements, economic data from the United States (US) and China, as well as Moody's credit rating downgrade on US banks.
On a Friday-to-Friday basis, the FBM KLCI rose 11.95 points to end the week at 1,457.16 versus 1,445.21 a week earlier…
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2023-08-11 22:11 | Report Abuse
Everyone who got holding any EAH shares must attend this EGM to kicked out those 6 useless directors who just taking big director fees and do nothing and purposely make EAH share price dropped till it’s record lowest price of just @0.005 cent to force all small investors to sell all EAH shares at record lowest price of @0.005 to them at a hugh losses !
So we must united and work together to kicked them out and re-appoint new directors whom recommended by Ng Cheng Heng (The new big shareholder) !
After this issue been settled which those 6 useless directors has been kicked out and the new directors been appointed in new EGM, EAH’s share price definitely will be spike up to break above 50 cents !
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2023-08-11 21:51 | Report Abuse
大股东要求开特大
EA控股吁其他股东拒绝出席
星洲日报 财经 3.06pm 11/8/2023
https://www.sinchew.com.my/20230811/ea%e6%8e%a7%e8%82%a1/
*P/S: Please don’t listen to the current EAH management who wanted to squeeze small investors hard earned monies by push down the share price to record lowest price of @0.005 cent to force small investors to sell all EAH shares at record lowest price of @0.005 to them at a hugh losses !
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2023-08-10 21:27 | Report Abuse
Restoring the health of Sapura Energy
By Zuraimi Abdullah August 10, 2023
https://www.nst.com.my/amp/business/2023/08/940875/restoring-health-sapura-energy
KUALA LUMPUR: Sapura Energy Bhd, a Practice Note 17 (PN17) company, is in the final stages of completing its restructuring scheme with lenders and trade creditors.
Group chief executive officer Datuk Anuar Taib told the New Straits Times that Sapura Energy expects to wrap up the process by the end of the year.
Sapura Energy's restructuring will also entail a potential financial investment of about RM1.8 billion from a white knight, which according to Anuar will support the group's goal to preserve the industry eco-system.
Anuar also noted that the group had validated RM1.5 billion in claims from about 2,000 vendors through a Proof of Debt exercise involving trade creditors.
To address its PN17 status, he said Sapura Energy had appointed MIDF Amanah Investment Bank Bhd as principal adviser to help formulate a regularisation plan for submission to Bursa Malaysia.
The stock market regulator has granted Sapura Energy an extension of time up to Nov 30 this year to submit the plan to the relevant regulatory authorities.
"We have consistently stated that our aim in the restructuring negotiations is to ensure a fair and equitable solution to all stakeholders, including our lenders, vendors, shareholders and employees.
"We aim to restore the financial health of Sapura Energy by reducing our unsustainable debt, because we believe this is a Malaysian company worth saving. We contribute to the country through taxes, foreign exchange inflows and economic linkages in areas where we operate."
Anuar pointed out that in the last financial year alone, the group had contributed about RM72 million in taxes and RM4.2 billion in contract payments to vendors and suppliers, most of whom are Malaysians.
"We paid more than RM1 billion in wages, where 80 per cent of our talents and skilled workers are Malaysians who are likely to spend their earnings in the country. We have built an arsenal of capabilities and assets that have positioned us as a world-class competitor in the global energy sector."
He stressed that liquidating the company or breaking it up will hurt not just the shareholders and employees, but also the many Malaysian businesses and families who rely on it.
"In the same vein, it is just as important for us to resolve our overdue trade payables to vendors. Our vendors went through the same difficulties as us, with the smaller ones in an even more vulnerable position.
"Resolving our dues to them is just the right thing to do. We understand the importance of preserving the oil and gas eco-system and ensure that they too can survive and thrive in the energy transition."
On the recent audit conducted by Ernst & Young, which highlighted concerns about Sapura Energy's long-term viability as a going concern, Anuar said the finding, which was contained in its 2023 annual report was not new.
"It was also a finding posted in our FY2022 Annual Report. The findings are to be expected under the requirements of Financial Reporting Standards given our status as a PN17 company.
"This is fair, as it provides caution to investors who are thinking of buying our shares. At the same time, I'd like to emphasise that despite our financial constraints, Sapura Energy remains a going concern.
"We have shown encouraging financial results, we continued to win new contracts in Malaysia and internationally, and we have managed a stable cash position. These factors provide a good foundation for us to complete the task at hand, which is to fully implement our Reset Plan and exit the PN17 status."
Anuar reiterated that Sapura Energy aims to restore iots financial health through the debt restructuring exercise; and strengthen operations through its principle of "Bid Right and Execute with Discipline".
"The next step would be to enhance how we acquire and develop technology, talent and funding in the company, to enable us to thrive in the Energy Transition," he said.
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2023-08-10 16:48 | Report Abuse
Top up more CLASSITA at @0.095
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Stock: [CNASIA]: CN ASIA CORPORATION BHD
2023-08-22 10:49 |
Post removed.Why?