http://www.theedgemarkets.com/article/khazanah-will-continue-be-managed-professionals-%E2%80%94-azmin

....As for Singapore's push for a clear Malaysian stand on the status of the high speed rail, Azmin said he will provide the answer to that in the next few weeks, "once we have firmed all things up".

Come on panic sellers you can do this...pls bring it down to 0.35

Putrajaya approves continuation of LRT3 at a final cost of RM16.63 billion today...alhamdulillah...

Tq mrcb teruskan dgn harga jatuh..makin murah makin bagus..

Tq market nasib baik sempat beli@0.575...hrp2 ada lagi gud news utk kasi down mcm ari ni..

Oklah mrt 3 canx another story for construction..hrp2 mrcb jatuh lagi...kwn2 smua sudah jatuh...

Aiya x byk jatuhlah..bosannya..

Esk cuti bos tgu rabu kasi jatuh OK..yahoo time to buy again

Kalau sampai 50-60 sen alhamdulillah tambah lagi...hari raya shopping time

tq market...pls go down again tomorrow

Tqvm market...nice falling today..penat shopping hehehe.. hrp2 esk jatuh lagi yer...

Alhamdulillah jatuhlah lagi..x sabar nak tambah...

baguslah jatuh...x heran pun jatuh...ceo dah cakap bisnes x bagus dlm interview in the star...

http://www.thestar.com.my/business/business-news/2017/07/11/moodys-sees-stiffer-deposit-competition-from-mbsb-afb-merger/

Bagus kasi down lagi senang nak beli pd harga yg amat murah....

If u r confident merger sukses n banyak patience boleh que sikit2...

Tonite is dateline for Qatar to accept Saudi Arabia group demands. Looking at AFB shareholders, Qatar Islamic Bank is facing the other 3 shareholders which is from SA group. Hopefully BNM will approve this merger quickly. Otherwise it will become big headache for everyone as SA group may ask trading partner to choose them or Qatar.QIB is already one of the biggest loser in Qatar stock exchange.

In the edge today-"Broker's report sparks speculation of Sime Darby Property-EcoWorld merger"...

IN THE EDGE TODAY....INDONESIAN INTEREST LEADS GAINS IN MBSB,DRB HICOM SHARES.. RUMOURS INDONESIAN BANKS MAY COME IN AND TAKE A STAKE IN MBSB AND BANK MUAMALAT..

In the edge today "THHE CLOSE TO SECURING RM700 MILLION CONTRACT"... as expected from Malaysian Maritime Enforcement Agency...

FROM CIMB LATEST REPORT 28/02/2016

Beats expectations convincingly

Vivocom’s FY15 net profit of RM8.4m beat our expectations by 8% as it consolidated
Neata Aluminium’s (the aluminium business) and Vivocom Enterprise’s (the construction
division) revenue and net profit. No dividends were declared, as expected.

Upcoming contracts

We understand that Vivocom is in the midst of finalising negotiations for a few potential
projects, which could be announced as early as Mar 16. This is a potential re-rating
catalyst for the stock. Year-to-date, the group has secured almost c.RM600m in new
building contracts from Coneff Corp (RM570m) and CRCC (RM116m).

More collaboration with the Chinese

We also gather that Vivocom is looking at sub-contracting its non-CRCC works to a
major Chinese contractor. The advantages are 1) the Chinese contractor will guarantee
completion, 2) this will free Vivocom’s capacity to undertake even more jobs, and 3) this
will ease working capital requirements as the Chinese contractor will fund a large portion
of the works.

Recent weakness a buying opportunity

We maintain our EPS forecasts, Add rating and SOP-based target price. We understand
that the recent share price weakness is due to the liquidation of large proprietary
positions by some retail brokerage firms. We view this as an excellent opportunity to add
Vivocom as the positive fundamentals of the stock are unchanged. Vivocom is a proxy
for the increase in Chinese FDI flows to Malaysia.

Vivocom Intl Holdings Bhd
FY15 surpasses expectations
■ FY15 core net profit of RM8.4m came in 8% above our full-year forecast. No
dividends were declared, as expected.
■ Has won c.RM600m in contracts YTD. We expect project wins to accelerate.
■ Potential collaboration with another major Chinese contractor, which will address
concerns about capacity constraints and execution risk.
■ No change in EPS forecasts and SOP-based target price.
■ Recent share price weakness is an excellent buying opportunity. Add maintained

Instacom Group
Proxy play for Chinese FDI in Malaysia
We deem 9M15 core net profit of RM6.2m in line, at 80% of our f ■ ull-year estimate as
4Q could be slightly weaker qoq due to Neata corporate advisory expenses.
■ No interim dividend was declared, as expected.
■ Announces 10% private placement of new shares
■ A potential re-rating catalyst is positive newsflow on contract wins from CRCC.
■ Maintain FY15 EPS forecast and Add rating but lower FY16-17 EPS by 9% and our
SOP-based target price to adjust for enlarged share capital post-placement.

Expect stronger 4Q15
We deem 9M15 core net profit of RM6.2m in line. 4Q15 core net profit could be slightly
weaker qoq due to corporate advisory expenses for the Neata asset injection exercise.
Recall that the injection of Neata group into Instacom took place in two stages: 1)
acquisition of 35% stake in Neata in Jan 2015 for RM59m (via issuance of 309m new
Vivo shares at RM0.19/share), and 2) acquisition of another 43.6% in Nov 2015 for
RM74m (via issuance of 606m new Vivo shares at RM0.10/share and RM13m cash).

Placement of new shares to fund working capital quickly
Instacom also announced a 10% private placement of new shares. The 234m new
shares to be issued at an assumed average placement price of 30 sen would raise
RM70m in fresh funds. Instacom needs to raise working capital funding quickly to enable
it to take advantage of new orders from CRCC. Although Instacom’s gearing is very low,
fresh equity capital is necessary as bank borrowings would take too long to process (3-6
months), given that CRCC’s new projects for Instacom are ready to be awarded.

Explosive two-year EPS CAGR of 437%
We forecast a whopping FY15-17F FD EPS CAGR of 437%, underpinned by the
RM2.0bn in outstanding construction billings, as well as additional contract wins in 2016,
which we estimate at RM3bn. We believe that Instacom is constrained by working
capital funding, not labour or machinery, as it has over 2,000 workers on its payroll and
China Railway Construction Corporation Ltd (CRCC) typically provides machinery/raw
material sourcing support.

Still undiscovered, with massive re-rating potential
We believe that Instacom has massive P/E re-rating potential, given its large valuation
gap with its construction peers. It still trades at FY17 FD P/E of 4.6x, at a massive 66%
discount to the sector average FY17 P/E of 13.5x. We think that this is unjustified, given
its estimated FY15-17 EPS CAGR of 437%. We adjust downwards our EPS and target
price to take into account the dilution of share base from the placement.

Proxy play for Chinese FDI flows into Malaysia
The recent sale of Edra Global Energy to China General Nuclear Power Corporation
(CGN), the Chinese government’s interest to bid for the 486-acre Bandar Malaysia
development and the High-Speed Rail project has ignited interest in proxy plays for
increasing Chinese investments in Malaysia. We see Instacom as a prime beneficiary of
this emerging investment theme.


NEW TP AFTER RESULT BY CIMB TODAY------>RM0.67

NEW TP BY AFFIN:RM2.60

Seeks to privatise NCB

We believe MMC Corporation’s (MMC) move to privatise NCB
enhances its ports portfolio. However, it comes at a heavy price tag.
In the longer term, MMC would be able to consolidate its position as
a key player in the ports industry and capture better operational
synergies. In the short term MMC would have a more leveraged
balance sheet and incur higher finance costs.

MMC to trigger MGO for raising stake in NCB

Yesterday, MMC announced it intends to acquire a 53.4% stake in NCB
from Permodalan Nasional Berhad and AmanahRaya Trustees Berhad for
RM1.1bn (RM4.40/NCB share) via debt. This would bring MMC’s stake in
NCB from 30.1% to 83.5% thus triggering a mandatory general offer
(MGO). MMC does not intend to maintain NCB’s listing status.

Valuation does not appear cheap

The potential privatisation of NCB will not come cheap to MMC. At
RM4.40/NCB share, MMC is valuing NCB at PE of 55x (or EV/EBITDA of
12.3x) based on annualised 2015E EPS of 8 sen. In comparison,
Westports’ currently trades at 2015E PE of 26x. If the MGO is successful,
MMC would acquire the remaining 16.5% in NCB at an additional cost of
RM340m. Nonetheless, we believe NCB’s future earnings may improve
from rising container throughput and potential container tariff revisions.
Strategically, NCB would increase MMC’s presence in the central region of
Peninsular Malaysia as MMC’s ports are located in Johor.

Potential earnings erosion to MMC

We believe MMC’s 2016E earnings may erode by 6.5%, as we estimate
the higher finance costs from issuing debt of RM1.44bn to privatise NCB
will outweigh the consolidation of NCB’s earnings while assuming a
conservative 5% growth to NCB’s annualised 2015E earnings. Assuming
an interest rate of 5%, MMC would incur RM54m in additional after-tax
financing costs vs. NCB’s annualised 2015E earnings of RM37m. MMC’s
gross debt/equity will increase from 0.8x to 0.95x from this privatisation
exercise. NCB has a fairly small net debt position of RM79m.

Maintain BUY with unchanged TP of RM2.60

We maintain our BUY rating on MMC with an unchanged RNAV-based 12-
month target price to RM2.60 for now. NCB’s earnings contribution to
MMC will still be less than 10% even if NCB is privatised. Key re-rating
catalysts for the stock include further clarity on tunnelling works for MRT 2,
sustained recovery in associates (Malakoff and Gas Malaysia) and winning
new construction projects (such as high-speed rail) and/or concessions.

Alhamdulillah keep falling my dear ifca...waiting very patient for this day to come hehehehe...

SUSPENSION OF SECURITIES
DAYANG ENTERPRISE HOLDINGS BERHAD

Type Announcement
Subject SUSPENSION OF SECURITIES

Description DAYANG ENTERPRISE HOLDINGS BHD ("DAYANG" OR "THE COMPANY")
REQUEST FOR SUSPENSION OF TRADING

Dayang has today notified its associate Perdana Petroleum Berhad ("PPB") that it will be entering into a material corporate transaction involving PPB.

In view of this development, the Company has today requested for the suspension in the trading of its securities from 9.00 a.m. to 5.00 p.m. on Thursday, 14 May 2015 by which time the full details of the proposal is expected to be made available. This request for suspension is made under Paragraph 3.1(b) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.



This announcement is dated 13 May 2015.

alhamdullilah...hope better offer.....

DAYANG - Suspension of Trading
DAYANG ENTERPRISE HOLDINGS BERHAD



Kindly be advised that at the request of DAYANG, trading in the Company's securities will be suspended with effect from 9.00 a.m., Thursday, 14 May 2015 pending an announcement. Accordingly, all structured warrants relating to DAYANG will also be suspended at the same time

REQUEST FOR SUSPENSION
PERDANA PETROLEUM BERHAD



Kindly be advised that at the request of PERDANA, trading in the Company's securities will be suspended with effect from 9.00 a.m., Thursday, 14 May 2015 pending an announcement. Accordingly, all structured warrants relating to PERDANA will also be suspended at the same time.

Harga jatuh baguslah...time to accumulate...nanti naik boleh jual....as long u are confident n u know what u r doing itu sudah baik....

Great story n interview with its ceo in this week of the edge...expected corporate exercise in a year or so...their target to become full fledge islamic banking will drive their biznes...

Record year for the company
At 97% of our FY14 forecast, IFCA’s 12MFY14 core net profit was in line with
our expectations. The company declared a dividend payout ratio of 20%,
which was a positive surprise. We keep our EPS forecasts and introduce our
FY17 numbers. Our target price remains unchanged, based on 21x 2016 P/E
(in line with domestic peers). The stock remains an Add. Potential catalysts
include transfer to the Main Board and higher-than-expected China sales.

2014 is a record year for the company
IFCA’s 12MFY14 revenue was up 72% yoy, supported by topline growth in the
domestic and China markets. FY14 net profit rose by an amazing 1,072%, an
indication that the company finally hit its sweet spot in 2014. IFCA also
declared its first ever final 1 sen DPS or 23% dividend payout ratio, in line with
our expectations. The company just declared a dividend payout ratio of 20%.
We believe that the dividend declared is an indication of the company’s strong
operational cashflows and balance sheet. Net cash as at end-Dec was RM49m
or RM0.11 net cash per share. Assuming all warrant holders convert their
warrants by 2016, this would boost its net cash by an additional RM14m. The
fully-diluted issued share base comprises in total 593.4m shares.

China and Malaysia continue to offer growth
In 2015, IFCA’s earnings will be driven by three factors: 1) GST software
upgrades. We estimate total domestic GST upgrades to be around RM50m, of
which only RM15m work completed in 2014, 2) migration to mobile-based
platform. Most of its customers are still on the Windows-based platform and
we expect its customers to gradually move to the mobile platform over the next
5-7 years, and 3) China sales should continue to be strong in 2015. We estimate
2014 sales growth at 80% and this year should be at least 60%. IFCA’s market
share in the property software solutions in China is still very small. It only has
100 over customers and we understand that there are 46,000 property
companies in China. IFCA is opening 8-10 new offices in China in 2015.

Main Board in 2015?
In view of the record FY14 net profit, IFCA’s 3-year cumulative net profit is
above RM20m, which is one of the conditions for a transfer to the Main Board.
If all goes well, the company should be transferred to the Main Board by
mid-2015.


4QFY14 RESULTS NOTE BY CIMB...ADD WITH SAME TP:RM1.48

Thx AT

The Board of Directors of IFCA MSC Berhad (“IFCA” or “the Company”) wishes to announce that the Company has adopted a dividend policy to pay an annual dividend of at least 20% of the net operating profit earnings per share (per the audited financial statements of the Company), rounded to the nearest whole sen number, provided that such distribution will not be detrimental to the Company’s cash flow requirements. This dividend policy shall commence for the financial year ended 31 December 2014.

The Board of Directors of IFCA MSC Berhad is pleased to propose a final dividend of 1 sen per share under the single-tier system in respect of the financial year ended 31 December 2014

The final dividend is subject to shareholders' approval at the forthcoming 17th Annual General Meeting.

Down bcoz of cny....loan growth slow as what we can see from most banking stock qtr result...down more will allow more people to add....

Alhamdulillah....:)

goodlah harga jatuh...boleh add b4 qtr result keluar...as long u r confident with ur holding oklah no need to be panic....

Last qtr cimb did produce two report-b4 and after qtr result ....TP more or less the same...unlike maybank they have one report after qtr result

keng88:TP up by CIMB to rm1.48 on 30/01/2015....wish can include all report but cannot...sorilah

Just starting on its growth path

We gather from our meeting with the fund managers and the company,
outlook for IFCA this year remains bullish. To grow its recurring
income, the company is studying software as a service (SaaS),
targeting the smaller property developers. China offers huge growth
potential for the company.

We raise our FY14-16 EPS by 16-46%to reflect stronger top-line growth.
Our higher target price is based on an unchanged 21x 2016 P/E (in line with
domestic peers). The stock remains an Add with potential catalysts such as
strong earnings growth outlook, higher-than-expected China sales and
move to the Main Board in 2015.

GST boost in 2015
To better understand the company, we recently arranged a meeting
between IFCA and a small group of fund managers. IFCA’s earnings
growth outlook will be driven by three factors: i) GST software upgrade, ii)
China, and iii) migration to mobile-based platform. In 2015, IFCA should see a short-term boost from GST software upgrades. The company estimates RM50m-60m potential GST
upgrades work (RM15m revenue was likely completed in 2014).

China is huge
China has 46,000 property companies and IFCA has just slightly over 100
customers in this country. Unlike Malaysia developers who purchase the
whole software packages, China developers usually only buy one
software module at a time. So far, IFCA has only sold 2-3 modules out of
the 13 modules offered by the company, an indication of the
potential of China’s market.

Migration to mobile platform
IFCA currently has around 1,400 customers in Malaysia and we
understand only around 50 companies have moved from the
Windows platform to its new mobile app-based platform. Average software
cost for the mobile-based platform is around RM1m. If history is any
indication, it could take IFCA’s customers 5-7 years to completely
move to the mobile-based platform.

Growing its recurring
income?
IFCA is looking to grow its recurring income. One way is through software
as a service (SaaS), targeting the smaller property companies.
Management is studying the possibility of “renting” its software
online (using cloud) and subscription could be based on a monthly or
annual basis. We have not assumed any potential earnings from SaaS.
IFCA’s 9MFY14 maintenance revenue was RM14.3m, 25% of the Group’s
9MFY14 RM58m revenue............

VALUATION AND RECOMMENDATION

Up more than 100% since Oct
Since Oct 2014, IFCA’s share price has done very well, rising more than 100%
over the period. 2015 should be another good year for the company. IFCA is a
beneficiary of the GST. It is also not affected by the weak ringgit and likely
slower consumer demand ahead of the Apr 2014 GST implementation.

Target Main Board listing in 2015?
IFCA stands a good chance of meeting the financial track record of cumulative
RM20m net profit over three years in 2014. This is the condition needed to seek
a transfer to the Main Board. IFCA’s 9MFY14 net profit was RM11.9m and after
adding in FY12/13’s net profit, its cumulative 3-year net profit (excluding 4Q4)
was already RM17.1m. In 3Q14, IFCA recorded a RM8.5m net profit and we
believe 4Q14’s net profit could be as good as 3Q14’s, if not better. If all goes well,
the company hopes to transfer to the Main Board in 2015, one year earlier than
scheduled.

Dividend policy soon?
IFCA indicated that it is looking to set up a dividend policy soon. This is not
surprising in view of its strong net cash balance sheet and limited capex
spending. We believe dividend payout could be at least 20%. We have only
assumed a conservative 20% net dividend payout ratio in our forecast.

Maintain Add, target price raised
We raise our FY14-16 EPS by 16-46% to reflect expected stronger revenue
growth. Our target price also rises, based on an unchanged 21x 2016 P/E (in
line with domestic peers). The stock remains an Add with potential catalysts
that include strong earnings growth outlook, higher-than-expected China sales
and the move to the Main Board in 2015.

......some report from cimb on 30/01/2015.....:)

Sori orionpacific and others...blame google for that error hehehe n hepi trading....

KUALA LUMPUR: IFCA MSC Bhd ( Financial Dashboard) expects China, Indonesia and the domestic market to help the enterprise software solutions provider deliver “remarkable” better earnings for the financial year ending Dec 31, 2015 (FY15), with sales contracts amounting to RM130 million from the three markets.

IFCA chief executive officer Ken Yong said the group sees business growth from China leading the way this year, as it plans to open 10 new sales offices there and double the market’s contribution to the group’s revenue in FY15 to RM60 million.

IFCA currently has eight sales offices in China, which serve major companies like the Wanda and R&F groups, and contributed RM30 million in revenue for the nine-month period ended Sept 30, 2014 (9MFY14).

For 9MFY14, IFCA (fundamental: 3; valuation: 1.5) posted a net profit of RM11.95 million on revenue of RM58.05 million. Malaysia is currently its largest market, contributing 72% of its revenue for 9MFY14, while its overseas business accounted for the remaining 28% (RM16.4 million).

The group is due to release its financial results for the fourth quarter ended Dec 31, 2014, next month, and is expecting to post record earnings and revenue.

“Averaging RM4 million in sales per office in China, that number (RM60 million) is not unachievable or ambitious. To us, it is a conservative number and we are expecting very high growth from China,” Yong told The Edge Financial Daily in an interview.

He said it is IFCA’s “dream” to open over 70 offices in China in five years, but this is subject to the speed of recruiting the necessary manpower for the expansion.

He added that the “highly scalable” nature and the low capital expenditure requirement for software companies like IFCA allow its rapid expansion in China.

Yong said IFCA is also eyeing a share of the Indonesian market in the near term through acquisition of a local firm.

He said IFCA is in talks with several Indonesian parties, but remained tight-lipped as to how advance negotiations are.

If the acquisition comes through, Indonesia will present IFCA with a new earnings growth catalyst. Most of the country’s property developers are using outdated versions of Windows-based software and a need for web-based solutions will bode well for IFCA.

In a report dated Oct 10, 2014, CIMB Research analyst Nigel Foo said IFCA’s balance sheet is cash rich, with RM29.7 million net cash or 6.5 sen net cash per share as at end-June 2014.

Foo noted that the group has 143 million outstanding warrants, which expire in 2016. If fully converted, this will raise an additional RM14.3 million cash or 7.5 sen net cash per share (fully-diluted basis) for IFCA.

Back home in Malaysia, much of IFCA’s success has also been attributed to the fact that it benefited from the goods and services tax (GST) software upgrades and training.

GST upgrades and projects accounted for 20% of the group’s revenue in 9MFY14.

“Moving beyond 2016, the GST element will probably not be there anymore, but we are not dependent on that,” said Yong, adding that the group is banking on its new suite of web/mobile-based solutions for property developers.

Till then, Yong said IFCA looks to secure around RM20 million in sales from GST software upgrades and training for FY15.

Meanwhile, IFCA’s strong earnings potential has not gone unnoticed by institutional investors, which represent some 10% of its shareholdings, said Yong.

“I looked at my shareholders list recently and was surprised to see JPMorgan Chase & Co and Merrill Lynch in it. I think we have about 20 institutional investors now. We are being recognised as a solid technology company with a clean balance sheet,” he added.

The stock has had the attention of the regulator too. Bursa Malaysia has reacted to IFCA’s growth by issuing two unusual market activity (UMA) queries — once in August 2014 and another in January 2015 after recent rises in price and volume of IFCA shares.

In reply, IFCA said it was unaware of any corporate development or report that could have account for the UMA.

IFCA’s share price has experienced a strong rally since January last year, growing more than nine-fold from eight sen on Jan 2, 2014 to end the year at 75 sen. It was one of the best performing stocks on Bursa Malaysia in 2014.

The stock rose to an intraday high of RM1.01 before easing to close down 4.52% at 95 sen last Friday, with 42.05 million shares traded, bringing a market capitalisation of RM460.5 million.

Yong also said the group is looking at establishing a dividend policy with payout ratio of 20% to 30% of its net profit this year to reward shareholders.

For everyone reading pleasure...

Kuala Lumpur on the 16th hearing) recent share price and trading volume climbing IFCA opt multimedia (IFCAMSC, 0023, GEM Technology Group) stressed that the knowledge of the causes of stock price volatility.
Bursa Malaysia today, the company issued to the unusual market activity (UMA) question, the company statement said late in responding, after asking the directors and major shareholders, they are sufficient to cause unusual for trading stocks appear reasons, Yigai know.
Friday intraday stock originally done for the first time above the price of RM1, ringgit hit a zero cents a historic intraday high, after the Exchange question, its stock price fell, the day down 4.5 cents, or 4.52 percent, to close at 95 sen.
IFCA Multimedia stock began rising in June last end of the month, June 16 close of 10.5 cents was reported.
Anyway, earlier optimistic IFCA multimedia market from April of this year's consumption tax (GST) benefit. According to CIMB Research in the report last October, the company may be obtained in 2014 and 2015 6 10000000-7 RM10 million revenue from sales and excise tax software upgrade training. (Sin Chew Daily / Finance)

Tq sellers...match @.75...waiting for @.70.....pagi2 sudah syok market...

Keep up the good work sellers....sell sell sell....:)

So cheap yellow man pls fall again hehehehe....

So tired to monitor...but if fall again surely in my watchlist....now is nov...in dec n jan sure ok...

Ifca falling ...systech also falling aisey man..wish good result out faster