Iskandar to be three times the size of Singapore, says FT report
03 Jul 2017 12:52 PM

Iskandar Malaysia has been described as the "New Jersey” to Singapore’s “Manhattan”.
PETALING JAYA: Iskandar Malaysia is poised to become three times the size of Singapore when it is completed by its expected date of 2025, says the Financial Times (FT).

The newspaper dubbed the special economic zone as “Malaysia’s Shenzhen” because it is geared to become a manufacturing and technology hub.

It would strengthen the fortunes of both countries by giving Singapore the landmass it lacks, while allowing Malaysia to leverage on Singapore’s financial expertise.

I thought they want to collect at 55??? Ha ha ha

But analysts warn that if inventories do not draw down in earnest, it may dash the hopes of many in the industry of seeing higher prices by the end of this year.

"Typically June/July represents the seasonal peak in refinery demand for crude," said David Thompson, executive vice-president at Powerhouse, an energy-specialized commodities broker in Washington. "It gets tougher to use up all that crude as refinery utilization starts to ease off as we move past the peak of summer driving season."

A record number of motorists are expected to hit the road for the Fourth of July holiday. U.S. gasoline demand was up 0.4 percent in April from the year-ago period, the first year-over-year increase since December, according to the latest U.S. government data.

In addition, a window has opened for U.S. crude exports to Asia, after prices made it uneconomical to send U.S. supplies offshore in recent months. Robust appetite from Japanese and South Korean buyers could help soak up excess supplies.

Investors came into this year optimistic, and indeed, U.S. crude prices topped out near $55 a barrel in February in the wake of the deal struck by the Organization of the Petroleum Exporting Countries with other key producers to reduce supply by 1.8 million barrels per day (bpd) that began in January.

But OECD total oil inventories are still above 3 billion barrels due to an unexpected recovery in Libyan and Nigerian supplies and a rebound in U.S. shale production.

Several banks in the last week cut their oil price projections for the rest of the year, with analysts from Bank of America-Merrill Lynch on Friday saying the "the much trumpeted OPEC output deal has been a complete flop."

U.S. crude futures have slumped about 15 percent so far this year to about $46 per barrel, and as of Friday, ended its worst half-year performance in 19 years.

"We expect to get real clues in the next 4-5 weeks about second half 2017 oil market sentiment," Credit Suisse said in a note on Thursday.

"If stocks do not fall much next month, at the very least we would worry that bearish sentiment again would come to the fore." - Reuters

All eyes on July for US oil demand to drain glut
02 Jul 2017 3:19 PM

NEW YORK: US oil traders are hoping the sweltering days of July are also hot ones for demand, believing the new month is the last best opportunity this year to see the overhang of inventories finally subside.

Export opportunities to Asia and big U.S. summer driving demand - expected to hit a record this weekend - are seen as the primary drivers for a drawdown in stocks that have remained stubbornly above seasonal averages.

July is usually a big month for drawdowns: Over the last five years, inventories of crude oil have dropped by an average of 2.9 million barrels per week in July, according to the U.S. Energy Information Administration.

Yes, the bad news is that Dnex will be pushed up to 90cents before the next Q announcement as what they did before and those waiting to collec at 55 cents would NOT be able to make it. Bad news only for these people.

So 600000-146000= 454000 immigrants have to register with a fine or penalty. Profit of penalty belongs to whom? Immigration or Dnex?

Bila masa datang, ianya akan bergerak

Kita akan tunggu until membuktikan apa yang telah di sebut seperti di atas.

Near term TP 18cent
Middle term TP 23 cents( in 45days)
Long term TP 28 cents( in 90 days)

Ha ha ha

Just to correct the above said forummers, may be their typo error, DNEX-WD TARGET PRICE IS 55 cents. Please take note and rectify your typo errors.

EPF acquired more than 6 million shares on 22nd June. EPF holds 5.3 percent now.

Please be excited to show the value in the share price PUC

PUC Founder changes name to denote new corporate identity

By Anette Appaduray | 2017-06-29 18:58:57
KUALA LUMPUR (June 29): Integrated media services provider PUC Founder (MSC) Bhd will now be known as PUC Bhd to denote its new corporate identity, the group said today after shareholders approved the name change at the group’s annual general meeting today.

In a statement, the group said it changed its name also because its founding Chinese company PUC Founder Group is no longer its substantial shareholder.

“We are excited about this new brand as it cements our commitment to serve the Malaysian market. Over the years, the company has continuously expanded its operations and built a strong foundation in core businesses.

“We will continue to strive to deliver and build on the company’s strengths in innovative tailor-made offerings. This is in line with our vision to become a leading digital lifestyle technology services provider and contributor to the country’s larger efforts to develop a vibrant Digital Economy," said group managing director and chief executive officer Cheong Chia Chou.

The group also said the final tranche of its private placement of 55.2 million shares at RM0.14 per share was listed yesterday.

PUC shareholders also approved the adoption of a new constitution according to the Companies Act 2016 and a share buyback of up to 10% of the group’s total number of issued shares.

PUC’s shares settled half a sen or 3.45% lower at 14 sen, for a market capitalisation of RM178 million.

Thanks Vincent for the info.

Let it break 78 first.

Moving steadily

Is it? Where you read this news?

Definitely Dnex will jump start tmrow.

Don't be surprise Top Glove may synergies with Careplus to up the glove production.

Oil going up steadily.

Very influential person will be appointed and wait for the further story.

Bcos he was not able to secure CREC jobs. Mdm Ang is concentrating on instacom which is a main profit contributor for Vivocom.

It is a smooth sailing stock

This baby will fly to 18 cents soon.

IWC will one day go up but do not know when. Ha ha ha

As far as I know, the process of the price going up will be gradual. Any drastic spike in the price would not be healthy.

Only Wednesday

Thanks Chang for your interpretation.

The game may come back. Midf have made the ball rolling. With the impending announcement of a new CEO, which I presume should be in relation to the on coming election, the price of VIVO should take off.

Ha ha ha this persistent and unwinding argument is better than the swing in the trading price of IWC.Thanks to all, atleast this forum is lively.

I am feeling very sad reading your blog.
However will pray that God Almighty will Bless you with good health and a long life being service to good men on the Earth.

Can guess a TP say 30 cents??

The announcement of a new CEO will result in a jump in price. Normal trend mah

Courtesy: gimmy 2u from Dnex-WD forum
Thanks gimmy2u

http://english.astroawani.com/business-videos/marketplace-dagang-nexchange-berhad-159280

http://www.thestar.com.my/business/business-news/2017/06/24/cashrich-silk-holdings/

Dr Yeoh Mok resigned today from the post.

Panic buying

NSW to be Dagang NeXchange’s key profit driver
CIMB Research
/
The Edge Financial Daily

June 23, 2017 11:39 am MYT
This article first appeared in The Edge Financial Daily, on June 23, 2017.
-A+A
Dagang NeXchange Bhd
(June 22, 58.5 sen)
Initiate add with a target price (TP) of 72 sen: Dagang NeXchange Bhd (DNeX) is a proxy for the government’s plan to roll out vehicle entry permit and road charges (VEP and RCs) at Malaysian borders, in our view.

The group diversified into energy by acquiring OGPC and Ping Petroleum Ltd in 2016.

We project financial year 2016 (FY16) to FY19 earnings per share (EPS) compound annual growth rate (CAGR) at 16%, driven by VEP and RCs at the Malaysia-Thailand border, as well as stronger earnings from OGPC and Ping Petroleum on the back of higher crude oil prices.

DNeX had a net cash position and healthy free cash flow as at end-March 2017.

We initiate coverage of DNeX with an “add” rating and sum-of-parts-based TP of 72 sen. DNeX is the exclusive operator of the National Single Window (NSW) platform, which provides trade facilitation services to the Royal Malaysian Customs Department.

We expect NSW to remain a key earnings driver, fuelled by rising transaction volume from the business-to-business (B2B) segment. Although the government’s transaction volume is expected to drop following the expiry of the platform’s exclusivity in the fourth quarter of 2018 (4Q18), DNeX expects to retain its B2B segment transaction volume due to an increase in platform stickiness driven by new value-added services.

The key facilitator of VEP and RC project implementation in 2016 and January 2017, DNeX was awarded two contracts worth RM149.3 million to develop, install and maintain the VEP and RC system and equipment for five years at the Malaysia-Singapore border in Johor.

We believe DNeX stands to benefit from the government’s plan to roll out similar projects at the remaining 15 crossing points into Malaysia. We expect the Malaysia-Thailand border VEP and RC contract to begin in 2018. Overall, we project VEP and RC services to contribute 12% to 16% of the group’s FY17 to FY18 pre-tax profit.

DNeX embarked on a new oil and gas (O&G) venture by completing the acquisition of OGPC for RM170 million in 2Q16. The group expects stronger profit contribution from OGPC in FY17 to FY18, driven by a pickup in O&G activities following higher average crude oil prices and potential new contract awards.

In addition, DNeX was the only local service provider awarded a three-year drilling and services contract by Petronas Carigali in 2016.

In 2Q16, DNeX also invested US$10 million to acquire a 30% stake in Ping Petroleum, an upstream O&G service provider with a 50% stake in the Anasuria cluster in the North Sea. The investment amount implies low entry cost of below US$2 (RM8.58) per barrel (historical average for comparable transactions).

The group projects RM22 million to RM25 million associate profit contribution from Ping Petroleum in FY17 to FY18, based on a US$50 crude oil price per barrel. We expect DNeX to record a robust FY16 to FY19 net profit CAGR of 16%, driven by resilient earnings growth in the IT services and energy segments. However, we expect the energy division to record a faster growth of about 19% per annum, driven by new contracts (versus a 13% growth for the IT division).

Hence, we expect net profit contribution from the energy division to grow from 52% in FY16 to 58% in FY19. Our TP is based on 16 times FY18 price-earnings ratio, above its historical five-year mean of 15 times, but it is still attractive, given our strong FY16 to FY19 EPS CAGR projection of 16%.

VEP and RC contract awards and higher crude oil prices are potential rerating catalysts.

Key downside risks include lower crude oil prices, a decline in NSW transaction volume post-expiry, and delays in VEP and RC contract awards. — CIMB Research, June 22

I think it is a good decision, Martin. Things are not so good with WCT

What the hell??

Trc? Where got money?

*chile

Wanda Dalian story is a child in the spine. Will move to MALTON and ultimate to WCT. This stock built its strength from the Bandar Malaysia story. Now Wanda is in real trouble. Will MALTON help them???

There will be definitely a play in IWC for the Wanda topic. Yeah yeah yeah

Ha ha ha

Do you think Wanda want to invest 10B now. Lol. May be IWC will get back to the original value of 7B. Go and beg now

Serve them well. Now need to beg CREC.

Where is it state 15c dividend?