@Looiks....I agree but due to low oil price Componies r pumping more oil to get profit n in d process may end up in glut so "supply n demand" may suppress price...it is worrying!!!!

Next FYR on 31March15

http://kazakhstan.nlembassy.org/binaries/content/assets/postenweb/k/kazachstan/embassy-of-the-netherlands-in-astana-and-almaty/special-energy-issue/energyissue_june2014.pdf For the attention of @ ken2266

Oil falls as IEA warns stocks may approach all-time high

By Reuters / Reuters | February 10, 2015 : 8:55 PM MYT

LONDON (Feb 10): Brent crude fell below $58 a barrel on Tuesday after the International Energy Agency (IEA) warned that oil prices may decline as stocks continue to increase this year.

Oil stocks held by countries in the Organisation for Economic Cooperation and Development may come close to the all-time high of 2.83 billion barrels in the middle of 2015, said the IEA, which advises the West on energy policy.

"Despite expectations of tightening balances by end-2015, downward market pressures may not have run their course just yet," the IEA said in a monthly report.

http://klse.i3investor.com/servlets/ptres/27713.jsp

KUALA LUMPUR: Growing demand from China, India and Africa is expected to lift crude oil prices to between US$65-US$70 per barrel this year with the rebound expected in June.

Former Finance Minister Tun Daim Zainuddin said however, crude oil prices will not return to US$100 per barrel as previously, and US$65 to US$70 will be good enough for this year.......from Starbiz all I know Suma needs crude price of 100 to make profit the present price may lead negative report.

Our PKR leader 'A'

http://www.theedgemarkets.com/my/article/brent-crude-rally-ends-china-inflation-hits-five-year-low

Sharks r pushing price down to flush weak players so dont sell.

Why busy selling just wait for TRS to materialise d value...Datasonic is a good example.

God created all kinds of human so I feel sorry for him probably his past karma!!!

Next 4Q report on 31 March 15 going to be positive n subsequent 130m project n next TRS (Gst) going to explode.....!!!!

Lets back focus on the why its time for IRIS to be a hot super star. Its because they get the Tourist Tax Refund Scheme tender !! Look at the details of letter of awards from Kastam Diraja Malaysia. When you look at the LOA, you might be a bit blur and not sure what it mean.

Refer what the boss say here: (latest) <--

Iris and foreign partner (Global Blue) will invest RM 155,09200.00 for this TRS project and get 15% commission from GST REFUND SERVICES (its 6% refund) and IRIS get 15% from it <--
It could be total GST refund from foreigner and IRIS get 15% !!

Small investment and big return !! WHY ? Read below

After so much quick info, my logic analysis tell me, IRIS Berhad is a must buy counter.
Price still cheap, not yet reach previous high at 0.615.

1. IRIS after get TRS project, they are a super star now.
2. In coming years they are high potential switch to mainboard, usually will fried much higher when can go to mainboard, refer OCK, SMRT, REDTONE, MMODE, GDEX many more.
3. Its very cheap counter.
4. Its super growth mode counter.
5. Its have no reason to ignore this counter.
6. They might got chance to deal with ALIBABA
7. TA investment give a TP of 0.675 before they get TRS project ! Refer here: <---

My first TP 0.455 , second TP 0.50, third TP 0.615. After reach all the TP, it will become RM 1 and above!

http://www.theedgemarkets.com/my/article/ace-listed-mtouche-seals-deal-indonesian-firm-sms-app

"This forecast with low growth projected for 2015, is subject to the continuation of current oil market circumstances for a period of at least six months to the end of June 2015."
.........Gist from the above report so current oil price stays until end of June

http://www.theedgemarkets.com/my/article/opec-says-oil-price-drop-hits-other-producers-much-quicker-thought

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1872141

www.bursamalaysia.com/market/listed-companies/company-announcements/1872225

http://klse.i3investor.com/servlets/anpth/1049632.jsp

Crude palm oil for third month delivery fell RM29 to RM2,319, giving up all its earlier gains when it rose to an intra-day high of RM2,357.

CPO outlook bleak

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1871933

SINGAPORE: Brent crude oil prices slipped on Monday as a slump in Chinese imports pointed to lower fuel demand in the world's biggest energy consumer, outweighing news of falling U.S. oil rig counts and healthy U.S. economic growth.

Global benchmark Brent crude oil for March was down 10 cents at $57.70 a barrel by 0748 GMT after rising as high as $59.06 earlier in the session. U.S. crude was at $51.87 a barrel, having hit a session high of $53.40.

"It costs between US$50,000-US$60,000 (US$1=RM3.55) to set up the office which will ready by the third quarter of this year," he said.

He said currently, the company distributed and supplied its products to over 500 domestic customers and 30 overseas customers.

SCH Undertakes First Venture Abroad To Tap Asean's Growth

2 hours ago
KUALA LUMPUR: SCH Group Bhd is undertaking its first venture abroad by opening a office in Cambodia to tap ASEAN's growth opportunities, said its Managing Director and Deputy Chairman, Lau Mong Ling.

"Cambodia is the first country in Asean we target as there are a lot of potentials for business growth.

"It is also strategically located in the centre of the other Asean countries such as Thailand, Myanmar and Laos," he told a media briefing after the company's annual general meeting on Monday.

Again ppl r confused on d RI.1) Bursa must approve d proposal. 2) 21 days notice must be given to call foe EGM for shareholers approval on RI. 3) Right now d focus is on d coming 4Q report. 4) if it is negative or not to Bursa expectations d RI may not be approved....?

Saudi hv vowed, will never cut production even if oil drops to 20 n will never see again 100 n Suma needs 100 to make profit. US is closing down some of their plants n Libya going bankrupt.Being the largest producer of oil r they still relevant in their theory or they themselves may collapse.With this kind of price can Suma show positive results in d coming FR which is due somtime this month or in March.......Any expert pls comment?

Tks for d solid info just ignore!!!!!!

Yes! To refreh d mind on d possible future pricing!!!!!

http://www.theantdaily.com/Main/Longer-wait-for-fuel-scheme-bidders

http://bursalogicanalysis.blogspot.com/2014/09/iris-ace-market-super-star-rising.html

KLCI expected to trend higher on rising risk-taking sentiment
By Surin Murugiah / theedgemarkets.com | February 7, 2015 : 12:10 PM MYT
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KUALA LUMPUR (Feb 7): The FBM KLCI is expected to trend higher next week on rising risk-raking sentiment.

At the global markets last Friday, the dollar and U.S. government debt yields jumped on Friday as a strong American labor market report raised expectations that the Federal Reserve will increase interest rates by mid-year, according to Reuters.

KLCI expected to trend higher on rising risk-taking sentiment
By Surin Murugiah / theedgemarkets.com | February 7, 2015 : 12:10 PM MYT
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KUALA LUMPUR (Feb 7): The FBM KLCI is expected to trend higher next week on rising risk-raking sentiment.

At the global markets last Friday, the dollar and U.S. government debt yields jumped on Friday as a strong American labor market report raised expectations that the Federal Reserve will increase interest rates by mid-year, according to Reuters.

KLCI expected to trend higher on rising risk-taking sentiment
By Surin Murugiah / theedgemarkets.com | February 7, 2015 : 12:10 PM MYT
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KUALA LUMPUR (Feb 7): The FBM KLCI is expected to trend higher next week on rising risk-raking sentiment.

At the global markets last Friday, the dollar and U.S. government debt yields jumped on Friday as a strong American labor market report raised expectations that the Federal Reserve will increase interest rates by mid-year, according to Reuters.

Obviously d compony would hv made provision in d earlier FR accounts to offset d liablity if any so d coming P&L account would not be affected..I am an accountant.

Next FY ending report on 31 March 2015... read d full business prospects looks positive n d material litigation shd hv no effect.Moreover d FYR is going to coincide with GST n subsequent implementation of TRS so I belief we shd be accumulating!!!!!

http://announcements.bursamalaysia.com/edms/edmswebh.nsf/all/13A6A2F5F008527848257D52005D9688/$File/ICB-1st%20Quarter%20Report%20FYE2015.pdf

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1870917

Solution: got profit run

Sharks r playing on sentiment, look at d price movement.So no TP got profit run?

http://silkyhawk.blogspot.com

Oil - CNBC.com
www.cnbc.com/id/10000846
SINGAPORE, Feb 5- Oil prices rose on Thursday, rallying a little after big losses ... SINGAPORE, Feb 5- U.S. crude edged up to near $49 a barrel in early Asian ...

Well! all r hoping for positive Q but with this kind of oil price what can we expect?????

Oil - CNBC.com
www.cnbc.com/id/10000846
SINGAPORE, Feb 5- Oil prices rose on Thursday, rallying a little after big losses ... SINGAPORE, Feb 5- U.S. crude edged up to near $49 a barrel in early Asian ...

http://www.freemalaysiatoday.com/category/business/2015/02/05/oil-picks-up-on-hopes-chinas-easing-will-spur-demand/

Saudi went into d battlefield to fight n win d battle with low price if they quit now which means they loose d battle so they may keep pumping extra oil until d next Opec meeting so d blame game goes to Opec.Of course it is a dangerous game!!!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1869761

www.bursamalaysia.com/market/listed-companies/company-announcements/1869769

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1869777