Bumi Armada unit faces RM113m claim
Tuesday, 26 May 2015

KUALA LUMPUR: Bumi Armada Bhd’s unit is facing a claim of 28.5mil euros (RM113mil) from SEA Srl over a service contract for the post trenching and backfilling services.

It said on Tuesday its unit Bumi Armada Caspian LLC had received the notice of arbitration for the Sept 28, 2012 contract for providing the services for the Filanosky field development project. The service contract value is 16.2mil euros.

“In the notice of arbitration, SEA Srl claimed approximately 28.5mil euros against Bumi Armada Caspian under the service contract,” it said.

Bumi Armada said its unit has obtained the views of its legal counsel who considers that it has good prospects of success in defending the claim.

No date has been set as yet for the arbitration hearing.

EPF keep disposing. flyup888 I think Msports can report EPS as high as Armada despite 10% of Armada price.
http://klse.i3investor.com/servlets/stk/annchsh/5210.jsp

Meaning 2 directors bought more than 5 million shares on 22nd & 25th May.
Acquired 22 May 2015 3,229,600 0.175
Acquired 25/05/2015 1,900,000 0.155

Another director buying at 17.5sen.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4750789

I3 forummers sell cheap cheap someone else pick up. Kikiki.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4750777

Director buying. Good QR coming?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4750785

If CI back to 1800, Puncak likely above RM2.70 than RM2.60 as someone here said.

Pity hng33 miss the boat.

Cantik. Beli lagi hari ini.

Those attending AGM please ask the following questions as well:
1) What FGV will do to make EPF and KWAP return as buyers of FGV share as their selling non-stop cause the sharp fall.
2) Apart from dividend can FGV reward their shareholders with MSM(sugar subsidiary) shares(eg 1 for 50) to make FGV more attractive. The reason is MSM is doing well but not FGV despite FGV is MSM major shareholder.
3) If they have nothing better to do with their cash better buy back own shares rather than spend buying unnecessary non related business.

Najib to make a three-day visit to Japan

TOKYO: Japan’s interest to participate in the high speed rail (HSR) project between Kuala Lumpur and Singapore, and the second phase of the Look East Policy is expected to be high on the agenda when Prime Minister Datuk Seri Najib Razak begins his three-day official visit to Japan Sunday. Malaysian Ambassador to Japan, Datuk Ahmad Izlan Idris said Najib will gain first hand experience of the Shinkansen high speed train when he takes a 96-minute jouney to Sendai which is located 325km from here on Tuesday. “I think this (Shinkansen) will be brought up by the Japanese Prime Minister during the bilateral talk on Monday. And they have planned a briefing for the Prime Minister as well,” he told Malaysian media covering the visit here today. Prior to embarking on the trip, Najib will be given a briefing by officials of the Japan Railway on Shinkansen and development around Tokyo station, as well a tour of the train cockpit. Early this month, Najib and his Singapore counterpart Lee Hsien Loong reaffirmed that both countries were fully committed to the success of the high speed rail (HSR) project linking the republic and Kuala Lumpur, that is expected to reduce the travel time to just 90 minutes compared to more than three hours by road now. The Shinkansen line spans 2,400 kilometres and runs across Japan. Besides Japan, other countries like China, South Korea, Spain, France and Germany are reportedly keen to participate in the project. Ahmad Izlan said that this would be Najib’s second official visit to the country where he will be accompanied by Datin Seri Rosmah Mansor and a delegation that includes Transport Minister Datuk Seri Liow Tiong Lai and Minister in the Prime Minister’s Department, Datuk Seri Idris Jala. According to him, among the agenda that are top on Malaysia’s side are the second phase of the Look East Policy, as well as looking for potential investment in biotech and green technology. “The second phase of LEP started three years ago and both sides are working on a guideline now. Since its implementation more than 30 years ago, more than 15,000 people have benefited from it and contributed to nation building,” he said. At the moment, there are about 5,500 Malaysians residing in Japan, including 2,250 students. During his visit, Najib, who is expected to arrive at 8am Sunday in Tokyo, would attend a cocktail reception with about 250 Malaysian students and community on Sunday. Ahmad Izlan said the official visit, at the invitation of Abe, was supposed to be held last December but was postponed due to the general election in Japan and the massive flood in Malaysia’s east coast states. During the visit here, Najib will have a tight schedule, with the highlight being an audience with Japan’s Emperor Akihito and Empress Michiko at the Imperial Palace on Monday. In the afternoon, Najib will attend a round table meeting with 34 captains of industries, before holding a bilateral meeting with his counterpart Shinzo Abe. Ahmad Izlan said both leaders are expected to discuss various issues and mutual cooperation to further strengthen bilateral ties between the two countries which established diplomatic ties in 1957. “Besides trade and economy issues, both leaders are expected to touch on the South China Sea, as well as Malaysia’s current chairmanship of ASEAN and how Japan can assist in achieving the Asean Economic Community (AEC). On Tuesday, Najib will deliver a keynote address at the World Islamic Economic Forum (WIEF) Roundtable before departing to Sendai to end his visit with a dialogue session with students at the Tohoku university. During the visit, Rosmah will also have a separate programme where she is expected to visit the Institute for Radiological Sciences in Chiba, and the Hiyoriyama Memorial Monument.– BERNAMA

http://www.nst.com.my/node/85298

Newbie8 3sen ex-date 27th May.

The infrastructure projects under the 11th Malaysia Plan include more schools, hospitals, roads, highways, railway lines, water and electricity supply, airports and seaports.

Pesona to benefit from 11th MP?

andychucky28 please go to Jobstreet thread and answer a question there.

If EPF can declare why forummers cannot declare?

EPF is still buying and buying. i3 forummers selling?

Just checked 1st qtr is traditionally UEM Sunrise weakest qtr hence poor result released yesterday. On the bright side revenue increased YOY.
http://klse.i3investor.com/servlets/stk/fin/5148.jsp

The Group’s KPI of achieving at least RM500m earnings in FY15 appears to be more bullish than ours. However, we reckon that in order for the group to meet their target, a strategic lumpy land sale must take place; we have not factored for this in our estimates.

traderman management has KPI for RM500m earning for FY15 which include some land sale. Don't look at latest QR only.

Greedy now for 3sen dividend next week.

VT want to buy? He know coming QR good?

Kenanga latest TP RM3.99.
http://klse.i3investor.com/blogs/kenangaresearch/77065.jsp

Puncak not bad today. Market down so many counters down Puncak still up thank to yesterday sterling result which show profit increase YOY.

Among utilities(water, electricity) stocks Puncak has lowest PE at only 3.92.
http://klse.i3investor.com/servlets/stk/fin/6807.jsp

Good news from 11MP? Najib to award project to Pesona?

Who has power to control CIMB price? EPF or retailers? Is EPF still buying?

Bought today at RM1.19 for 3 sen dividend next week.

If there is selling likely from forummers here not Leng Xingmin and Raja Perlis.

Kanger is similar to Kangar; capital for Perlis. Hence Raja Perlis bought it.

Puncak PE only 4.3.

http://www.puncakniaga.com.my/contact-us2

I believe agreement sign last year with Khalid is due to water rationing problem, otherwise Khalid also won't sign it.

Everything has gone up why water deal must lower price? Cut water supply just like TNB cut electricity if we don't pay.

Najib still in power firmly have faith in CIMB. Otherwise EPF will not continue buying.

Perhaps we should also throw egg at Bursa for allow China stocks listings if their purpose is to con our money.

Now big drop also got UMA? Previously stock big up got UMA.

My suggestion got effect. At least got free warrant if not dividend.

rlch Throw shoes at AGM for not giving dividend.
07/05/2015 11:16

I hope Ma Guoliang use the money to buy more Xinghe in open market. It might not be good for him but good for us. I can say he is better in peanut oil business than dealings in share market.(He buy high and sell low).

I have a lot of unwanted shoes. I can throw at BOD.

In Kanger thread someone suggest the following items to bring along during coming AGM:
1) Egg
2) Broom
3) Shoes(unwanted)
Msports comrades please bring along above items to be thrown during AGM.

What we want to ask during AGM? Dividend? Free warrant?

Buy more today. Good news this week?

Warrant good buy now. Convert can make money?

Rozali(major shareholder) did not sell a single Puncak share meaning he expect Puncak fair value far higher.

Water is no brainer business. Population grow so demand for water likely to increase as well.

CaoCao hng33 is now buying UEMsunrise.

Sapu now.

Good news coming? kahhoeng I think hng33 no more like(own) Puncak.

If Kanger drop due to Raja Perlis disposal, he must announce to Bursa. So far is there any announcement?

What is master agreement when Puncak sign to take over water operation?

If opposition state Penang can raise water tariff why Puncak(Selangor also opposition state) cannot?

Everything so difficult why Puncak cannot straight away increase water tariff? Perhaps Puncak management learn from TNB how to tackle rising cost as both are utilities company.