Yesterday break 0.165. May reach 0.19~0.20

First wave already happened. Ready for second wave.

KUALA LUMPUR (Jan 15): Prinsiptek Corp Bhd is developing an oil palm plantation plus a palm oil mill and other facilities in a RM2.13 billion joint venture.

In an announcement today, Prinsiptek Corp said it is teaming up with AA Strategic Marketing Sdn Bhd and TTSJ Trading Sdn Bhd for the joint venture.

The partnership will see the companies pool their expertise to develop an oil palm plantation and palm oil mill at Lawas, Sarawak; and build a port, jetty, bulking tank for palm oil, refinery and green energy plant at Sipitang Port, Sabah.

KUALA LUMPUR (Jan 15): Prinsiptek Corp Bhd is developing an oil palm plantation plus a palm oil mill and other facilities in a RM2.13 billion joint venture.

In an announcement today, Prinsiptek Corp said it is teaming up with AA Strategic Marketing Sdn Bhd and TTSJ Trading Sdn Bhd for the joint venture.

The partnership will see the companies pool their expertise to develop an oil palm plantation and palm oil mill at Lawas, Sarawak; and build a port, jetty, bulking tank for palm oil, refinery and green energy plant at Sipitang Port, Sabah.

KUALA LUMPUR (Jan 15): Prinsiptek Corp Bhd is developing an oil palm plantation plus a palm oil mill and other facilities in a RM2.13 billion joint venture.

In an announcement today, Prinsiptek Corp said it is teaming up with AA Strategic Marketing Sdn Bhd and TTSJ Trading Sdn Bhd for the joint venture.

The partnership will see the companies pool their expertise to develop an oil palm plantation and palm oil mill at Lawas, Sarawak; and build a port, jetty, bulking tank for palm oil, refinery and green energy plant at Sipitang Port, Sabah.

（吉隆坡15日讯）宏毅（PSIPTEK,7145,主板建筑组）签署联营协议，洽商开发沙巴油棕、码头和发电厂等业务，并负责总值高达21亿2600万令吉的建筑工程。

宏毅在文告中说，独资子公司Tanah Perangsang已与AA策略行销公司及TTSJ贸易公司签署联营协议。

（吉隆坡15日讯）宏毅（PSIPTEK,7145,主板建筑组）签署联营协议，洽商开发沙巴油棕、码头和发电厂等业务，并负责总值高达21亿2600万令吉的建筑工程。

宏毅在文告中说，独资子公司Tanah Perangsang已与AA策略行销公司及TTSJ贸易公司签署联营协议。

Psiptek is ready for the North. TP 0.19 to 0.20.

Psiptek 7144 already reached 0.17. TP 0.19~0.20

See whether can reach 0.19 to 0.20 today.

Psiptek counter moving north. Ready for boosting.

Psiptek is ready to flying green.

Psiptek counter is back in action.

Legendary psiptek 7145 is back in action. Stay tune.

The return of legendary psiptek 7145.

The rise of legendary stock psiptek 7145

https://www.aljazeera.com/news/2019/06/trump-uk-deal-brexit-paying-eu-50bn-190602111747730.html

Trump to UK: No-deal Brexit is better than paying EU $50bn
US president Donald Trump tells Sunday Times that UK should 'walk away' if EU does not give what it wants for Brexit.

US President Donald Trump previously said former foreign minister Boris Johnson would be a good replacement for Theresa May [File: Joshua Roberts/Reuters]
US President Donald Trump previously said former foreign minister Boris Johnson would be a good replacement for Theresa May [File: Joshua Roberts/Reuters]
US President Donald Trump has waded once again into UK's Brexit debate, urging Theresa May's successor to leave the EU with no deal.

Trump said Britain should refuse to pay its 39 billion pound ($49bn) EU divorce bill and "walk away" from Brexit talks if Brussels does not give the UK what it wants, he told the UK's Sunday Times newspaper.

Police clash with protestors for second night in Jakarta
Read more at https://www.channelnewsasia.com/news/asia/police-clash-with-protestors-for-second-night-in-jakarta-11553404

JAKARTA: Indonesian riot police fired tear gas at protesters in central Jakarta on Wednesday (May 22), as fresh clashes broke out on the streets of the capital following the announcement of official election results.

Police sirens blared as skirmishes broke out Wednesday evening with thousands of protesters chanting and waving Indonesian flags.

Some hurled stones and fireworks at riot police who lined up behind a razor wire barricade near the election supervisory agency building.


Read more at https://www.channelnewsasia.com/news/asia/police-clash-with-protestors-for-second-night-in-jakarta-11553404

Lower opr rate mean cheaper the loan lending rate for people to buy property.

Psiptek 7145
NTA : 0.56

FGV locates durian land
CORPORATE NEWS
Tuesday, 30 Apr 2019

image: https://www.thestar.com.my/~/media/online/2019/04/29/18/02/94760.ashx/?w=620&h=413&crop=1&hash=C2F25F1B54E1F641AEA4EA386D19D83E652D96FC

In agreement: The HoA is officially exchanged between FGV’s chief investment officer Fakhrunniam Othman (third from right) and PLS managing director Tan Sri Lim Kang Yew after the launch of Malaysia Durian Festival 2019
In agreement: The HoA is officially exchanged between FGV’s chief investment officer Fakhrunniam Othman (third from right) and PLS managing director Tan Sri Lim Kang Yew after the launch of Malaysia Durian Festival 2019

KUALA LUMPUR: Diversified plantation group FGV Holdings Bhd (FGV) has identified 1,398 ha of land that is potentially suitable for the large scale commercial planting of durian, said its group CEO Datuk Haris Fadzilah Hassan.

However, to determine the best areas for durian planting, further investigation into several factors, including the suitability of the soil, terrain and the availability of water sources for irrigation, is necessary.


Read more at https://www.thestar.com.my/business/business-news/2019/04/30/fgv-locates-durian-land/#VceMPcQ88CgOx7RZ.99

Brent reached $74.50 per barrel.

Psiptek

Liquidity
Current Ratio 2.23
Quick Ratio 1.59
Cash Ratio 0.06

Psiptek

Liquidity
Current Ratio 2.23
Quick Ratio 1.59
Cash Ratio 0.06

https://quotes.wsj.com/MY/7126/financials

https://quotes.wsj.com/MY/7126/financials

Brent now $71.95 per barrel but O & G counter still no movement. Klse index also no upwarding.

Psiptek

Market Capital (RM) 43.58m
Number of Share 348.65m
EPS (cent)* -
P/E Ratio -
ROE (%) -
Dividend (cent)^ 0.000
Dividend Yield (%) 0.00
Dividend Policy (%) 0
NTA (RM) 0.560

Psiptek

Market Capital (RM) 43.58m
Number of Share 348.65m
EPS (cent)* -
P/E Ratio -
ROE (%) -
Dividend (cent)^ 0.000
Dividend Yield (%) 0.00
Dividend Policy (%) 0
NTA (RM) 0.560

PSIPTEK

Market Capital (RM) 43.58m
Number of Share 348.65m
EPS (cent)* -
P/E Ratio -
ROE (%) -
Dividend (cent)^ 0.000
Dividend Yield (%) 0.00
Dividend Policy (%) 0
NTA (RM) 0.560

Oil Expected to Average $76+ For the Rest of 2019
by Andreas Exarheas|Rigzone Staff|Wednesday, April 10, 2019
email

Oil Expected to Average $76+ For the Rest of 2019
Analysts at Fitch Solutions Macro Research are sticking to their forecast for Brent crude to average $73 per barrel this year.
Analysts at Fitch Solutions Macro Research (FSMR) are sticking to their forecast for Brent crude to average $73 per barrel this year, a new report by the company has revealed.

“The market fundamentals have grown increasingly supportive, led by cutbacks on the supply side, but lingering concerns over the health of the global economy continue to drag on both sentiment and prices,” the analysts stated in the report, which was sent to Rigzone.

“Given price performance in the year to date, our forecast assumes an average of $76.2 per barrel for the rest of the year, which is strongly bullish compared to spot,” the analysts added.

Already break 0.145

Prinsiptek Corp. Bhd

KEY DATA

OPEN
RM0.125

DAY RANGE
0.125 - 0.135

52 WEEK RANGE
0.095 - 0.165

MARKET CAP
RM43.58M

Prinsiptek Corp. Bhd

KEY DATA

OPEN
RM0.125

DAY RANGE
0.125 - 0.135

52 WEEK RANGE
0.095 - 0.165

MARKET CAP
RM43.58M

PSIPTEK (7145) [s]
PRINSIPTEK CORPORATION BERHAD Summary

Category : Construction - Main Market
High 0.125
Low 0.125
Volume 409,400
Volume (B/S) 87,000 / 1,539,700
Price Bid/Ask 0.125 / 0.130

52w 0.095 - 0.165
ROE 0.82
P/E 27
EPS 0.46
DPS 0.00
DY 0.00%

PTBV 0.22
RPS 13.22
PSR 1
Market Cap 43.6M
RSI(14) Neutral 46.2
Stochastic(14) Neutral 25.0
Average Volume 1,241,900
Relative Volume 0.3

PSIPTEK Financial Information
Market Capital (RM) 43.58m
Number of Share 348.65m
EPS (cent)* -
P/E Ratio -
ROE (%) -
Dividend (cent)^ 0.000
Dividend Yield (%) 0.00
Dividend Policy (%) 0
NTA (RM) 0.560

PSIPTEK Financial Information
Market Capital (RM) 43.58m
Number of Share 348.65m
EPS (cent)* -
P/E Ratio -
ROE (%) -
Dividend (cent)^ 0.000
Dividend Yield (%) 0.00
Dividend Policy (%) 0
NTA (RM) 0.560

PSIPTEK Financial Information
Market Capital (RM) 43.58m
Number of Share 348.65m
EPS (cent)* -
P/E Ratio -
ROE (%) -
Dividend (cent)^ 0.000
Dividend Yield (%) 0.00
Dividend Policy (%) 0
NTA (RM) 0.560

Brent now at $69.80 per barrel

China's US$13 trillion bond market makes global index debut
0 Comment(s)Print E-mail China Daily, April 2, 2019
Adjust font size:

Photo taken on Nov. 12, 2015 shows newly-released 100-yuan banknotes in Beijing, capital of China. [Photo/Xinhua]
Foreign capital flows to China are expected to rise from Monday after a portion of the nation's nearly-$13 trillion of onshore bonds were included in a key global index.

On Monday, China's renminbi-denominated government and policy bank securities were included in the Bloomberg Barclays Global Aggregate Index, a global fixed-income investment benchmark, which could trigger more capital inflows into the country and provide stability to currency and fund borrowers.

Global banks have predicted that the Bloomberg Barclays index inclusion will attract $700 billion to $800 billion of overseas funds for the next five years. More than 67 percent of the market participants in Asia are likely to increase their investment in Chinese onshore bonds this year, driven largely by the index inclusion, said a recent survey from Bloomberg, the US-based financial information provider.

The State Administration of Foreign Exchange said on Friday that improving convertibility of the capital account would be one of the key tasks this year so as to gradually achieve free cross-border capital flows and further open the bond market.

China's US$13 trillion bond market makes global index debut
0 Comment(s)Print E-mail China Daily, April 2, 2019
Adjust font size:

Photo taken on Nov. 12, 2015 shows newly-released 100-yuan banknotes in Beijing, capital of China. [Photo/Xinhua]
Foreign capital flows to China are expected to rise from Monday after a portion of the nation's nearly-$13 trillion of onshore bonds were included in a key global index.

On Monday, China's renminbi-denominated government and policy bank securities were included in the Bloomberg Barclays Global Aggregate Index, a global fixed-income investment benchmark, which could trigger more capital inflows into the country and provide stability to currency and fund borrowers.

Global banks have predicted that the Bloomberg Barclays index inclusion will attract $700 billion to $800 billion of overseas funds for the next five years. More than 67 percent of the market participants in Asia are likely to increase their investment in Chinese onshore bonds this year, driven largely by the index inclusion, said a recent survey from Bloomberg, the US-based financial information provider.

The State Administration of Foreign Exchange said on Friday that improving convertibility of the capital account would be one of the key tasks this year so as to gradually achieve free cross-border capital flows and further open the bond market.

“Even though USD still accounts for 39.9% of international payments according to SWIFT, its market share has declined, as the global economy has become less U.S. and USD-centric. We believe that de-dollarization is an important factor behind the addition of gold to central bank gold reserves.”

“Even though USD still accounts for 39.9% of international payments according to SWIFT, its market share has declined, as the global economy has become less U.S. and USD-centric. We believe that de-dollarization is an important factor behind the addition of gold to central bank gold reserves.”

The dollar hasn't lost its king status but its influence is surely wearing off. De-dollarization has already been in action for quite some time now as the global geopolitical space is divided into two camps, one who supports US currency as a global reserve tool and other ones are those that have turned their backs on the greenback.

Countries like China, Russia, Iran, India, and Turkey among others have taken steps towards ending the US dollar monopoly.

Now the dollar’s share in global central bank reserve is also taking a hit as it slumped to the lowest level since 2013 while Chinese yuan share has risen significantly.



According to the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) for Q4 2018 report, the US currency’s share went down from 61.9% to 61.7% in the fourth quarter, marking the tenth decline in the past 12 quarters. Meanwhile, euro, yen, and yuan each gained the share in allocated reserves.

The dollar hasn't lost its king status but its influence is surely wearing off. De-dollarization has already been in action for quite some time now as the global geopolitical space is divided into two camps, one who supports US currency as a global reserve tool and other ones are those that have turned their backs on the greenback.

Countries like China, Russia, Iran, India, and Turkey among others have taken steps towards ending the US dollar monopoly.

Now the dollar’s share in global central bank reserve is also taking a hit as it slumped to the lowest level since 2013 while Chinese yuan share has risen significantly.



According to the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) for Q4 2018 report, the US currency’s share went down from 61.9% to 61.7% in the fourth quarter, marking the tenth decline in the past 12 quarters. Meanwhile, euro, yen, and yuan each gained the share in allocated reserves.

The dollar hasn't lost its king status but its influence is surely wearing off. De-dollarization has already been in action for quite some time now as the global geopolitical space is divided into two camps, one who supports US currency as a global reserve tool and other ones are those that have turned their backs on the greenback.

Countries like China, Russia, Iran, India, and Turkey among others have taken steps towards ending the US dollar monopoly.

Now the dollar’s share in global central bank reserve is also taking a hit as it slumped to the lowest level since 2013 while Chinese yuan share has risen significantly.



According to the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) for Q4 2018 report, the US currency’s share went down from 61.9% to 61.7% in the fourth quarter, marking the tenth decline in the past 12 quarters. Meanwhile, euro, yen, and yuan each gained the share in allocated reserves.

Federal Reserve cuts growth forecast, signals no more rate hikes in 2019


The Fed pulled back from its plan to raise interest rates as Europe and China deteriorated economically and U.S. consumers and businesses showed worrying signs of lower spending. Those concerns have been amplified as companies such as FedEx predict a mediocre year and trucking volumes have declined.

The Fed’s new projections widened the already large gap between its growth estimates and those coming from the White House, which is predicting 3.2 percent this year and 3.1 percent the next. Powell declined to comment on the gulf between the outlooks, but most outside experts view the administration’s predictions as overly rosy.

Is buy season dude.

U.S. dollar drops amid rising sterling
Source: Xinhua| 2019-03-14 05:32:48|
NEW YORK, March 13 (Xinhua) -- U.S. dollar fell in late trading on Wednesday, amid big gains in the British pound.

British lawmakers voted by a margin of 43 to confirm their decision to reject any no deal Brexit on Wednesday.

In late New York trading, the euro was up to 1.1329 U.S. dollars from 1.1296 dollars in the previous session, and the British pound rose to 1.3217 dollars from 1.3084 dollars in the previous session. The Australian dollar was up to 0.7090 dollar from 0.7087 dollar.

The U.S. dollar bought 111.03 Japanese yen, lower than 111.27 Japanese yen of the previous session. The U.S. dollar was down to 1.0032 Swiss francs from 1.0069 Swiss francs, and it decreased to 1.3303 Canadian dollars from 1.3362 Canadian dollars.

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