School holiday now sure a lot of people visit I-city. Buy.

Third days most active stocks. New buyer emerge?

Adcool also better return than the cash they are holding now. PBB TP RM2.76
http://klse.i3investor.com/servlets/ptres/27399.jsp
I don't believe in TP never reach like ks55 RM1.50 and now Affin.

Everyday also high volume. Tabung Haji buying today or margin call selling over?

Oil price up today.
http://www.bloomberg.com/energy/

Downtrend over. Uptrend now onward? Buy.

Buying land is for future gain. Market value for the land is RM191 million but bought at RM93 million. Maybe in future can sell the land and make gain like KL Festival City Mall? Don't forget this year WC has bought Parkson at higher price than now. Does he want to lose his own money?

Puncak go go go..

Got people convert expiring warrant. Fair value should be above RM1.80.

No more no 1 hot stocks but price up. Better for shareholders?

Someone said TP RM3.50. Good buy now for 40% upside.

Parkson just bought land for 93million cash. Very cash rich company wonder how much cash balance left and how long share buy back to continue.

Don't sell please. 2014 no dividend but 2013 got dividend. Maybe 2015 to continue dividend? Many local stocks are worse for not paying dividend.

Palm oil hits near 1-month high on monsoon disruption
http://www.theedgemarkets.com/my/article/palm-oil-hits-near-1-month-high-monsoon-disruption

Palm oil hits near 1-month high on monsoon disruption
http://www.theedgemarkets.com/my/article/palm-oil-hits-near-1-month-high-monsoon-disruption

Posted by James Teo > Dec 25, 2014 02:46 PM | Report Abuse

So , it means ....?

Fear of Ekuinas selling(after 6 months lockup period) due to recent fall of Icon is not true. So is the drop due to Icon CEO Jamal Yusof(5.02% stake) selling? Media does not report neither is Bursa.

Proton, Perodua to command 52% market share next year - MAI
http://www.theedgemarkets.com/my/article/proton-perodua-command-52-market-share-next-year-mai

Put in fridge now until next month EGM for RM1 special dividend confirmation news or surprise news from Rozali.

Ekuinas: No plans to unload Icon stake
BY HAMISAH HAMID - 25 DECEMBER 2014 @ 12:02 AM

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) is not planning to sell its 42.3 per cent stake in oil and gas services provider Icon Offshore Bhd any time soon.

The government-linked private equity firm yesterday said it would only dispose of the stake at the end of its horizon period, which is typically between three and five years.

“As a private equity firm with an investment horizon of between three to five years, Ekuinas’ efforts on creating value for Icon Offshore are part of an ongoing process in our aim to transform the company into an industry leader,” it said in response to Business Times query.

Icon Offshore has been under heavy selling since Monday, bucking the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) uptrend this week.

At the end of morning session yesterday, Icon Offshore was down 1.5 sen lower to 73 sen. This is more than 60 per cent fall from its initial public offering (IPO) price of RM1.85.

The stock settled the day one sen lower at 73.5 sen and was among the top three actively traded with 35.27 million shares traded.

Icon Offshore made its debut on Bursa Malaysia’s Main Market on June 25 with a premium of RM2.10 over its RM1.85 IPO price and closed at RM1.91.

Ekuinas said it would
only divest its stake in Icon
Offshore when it believes the value of its investment has been maximised.

“Having facilitated its listing on Bursa Malaysia in June 2014, our focus now is more towards aggressively growing the business further and increasing profits to strengthen its position as the largest pure-play offshore support vessel company in the country and among the largest in the region,” it said.

For the third quarter ended September 30 2014, Icon Offshore’s net profit declined 16.89 per cent to RM18.95 million on the back of a 22.7 per cent drop in revenue to RM79.75 million.

Posted by volks2 > Dec 24, 2014 09:21 PM | Report Abuse

More to come! Stay tuned

RM1.50?

Parkson to acquire land for mixed developments in Malacca
http://www.theedgemarkets.com/en/article/parkson-acquire-land-mixed-developments-malacca

Low volume. No share buy back today?

Why no buying support from Tabung Haji at lower price? They are the one buying at higher price.

Moving up last 2 days. Good news meaning what? Land sale to Ecoworld confirmed or dividend coming?

If they blame it on CPO price please show to them what is CPO price during IPO and now and compare FGV IPO price and now.

Wah Parkson still got a lot of money.

Who is willing to sell at 5sen if they will incur huge loss? Ding Peng-Peng even bought at 40sen this year.

Problem for BDB is they bought a piece of land recently more than entire market capitalization. Now no money ask for your money.

If Ekuinas don't sell who sell at low price now? Someone cut loss?

Ekuinas: No plan to sell Icon stake

Wednesday, 24 December 2014
By: WONG WEI-SHEN

PETALING JAYA: Private equity firm Ekuiti Nasional Bhd (Ekuinas) has firmly said it is holding on to its investment in oil and gas (O&G) service provider Icon Offshore Bhd.

It said in a statement that it saw its current 42.3% stake in Icon as a core holding and had no plans to divest the shares.

Ekuinas added that similar to other private equity firms, it would eventually divest its investment at the end of its horizon period, which was typically between three and five years.

It said it would only divest its stake when it believed the value of its investment had been maximised.

“Given the cyclical nature of the O&G industry, Ekuinas currently sees significant long-term value in Icon and is committed to supporting the company to judiciously grow the business further and strengthen its position as the largest pure play offshore support vessel (OSV) company in the country,” it said.

StarBiz had reported yesterday that selling in Icon shares came from its promoters, namely, Ekuinas and Icon’s chief executive officer Jamal Yusof, following the end of a six-month lockup period imposed.

Ekuinas and Jamal collectively own some 52% of Icon. Ekuinas’ holding in Icon is via its unit Yayasan Ekuiti Nasional’s two entities, Sempena Focus Sdn Bhd (2.41%) and Hallmark Odyssey Sdn Bhd (42.28%). Jamal owns 5.02% of the company.

It added that it believed in the long-term potential of the O&G sector, as it was one of the core economic drivers of the economy.

Ekuinas sees the current downturn within the global O&G industry as an opportunity to invest in the sector, given the relatively low asset values prevailing in the market.

As at Monday, the stock was down 19 sen or 19.5% to 78.5 sen. Icon was the most active counter of the day, with 68.76 million shares being traded.

Yesterday, Icon shares shed a further four sen to 74.5 sen, with 61.9 million shares being done. At its current share price level, it is almost 60% lower than its initial public offering (IPO) price of RM1.85.

Ekuinas successfully listed Icon, one of its investee companies, on June 24, 2014, selling a 44% stake at 24 times price earnings ratio. This is based on its IPO price of RM1.85 and earnings per share of 7.61 sen last year.

For the third quarter ended Sept 30, 2014, Icon’s net profit was down 16.89% to RM18.95mil on the back of a 22.7% decrease in revenue to RM79.75mil.

According to an Infield Systems report, Icon is the largest pure play OSV provider in Malaysia and one of the largest in South-East Asia by fleet size.

It owns and operates 32 Malaysian-flagged vessels and has one of the youngest vessel fleets in the region, with an average age profile of five years, against South-East Asia’s industry age average of 11 years.

Can merger between Icon and Hubline happen? Both share common shareholders Lembaga Tabung Haji. Can solve OSV oversupply situation.

Avg TP RM1.60 or latest avg RM1.26. Can still trust?
http://klse.i3investor.com/servlets/ptg/5255.jsp

king7 Wa! Conman. who con who?
I was conned by the analysts high TP.(RM1.98, RM1.25,etc)

Posted by johnchong > Dec 23, 2014 04:53 PM | Report Abuse
A nice candle in formation.

Posted by johnchong > Dec 23, 2014 04:53 PM | Report Abuse
Nice hammer

Meaning tomorrow up?

I follow you HowIn for extra pocket money although not contra.

Why water tariff cannot be increased like electricity? Poor Puncak management?

If attend EGM, ask for more dividend, otherwise better keep water asset. If keep water asset, make sure no give free water, not good to shareholders.

Why Tabung Haji bought at higher price? Last purchase is on 15th Dec.

Good buy now.

http://thesun-epaper.com/tue/23122014/index.html

Benalec: Tanjong Piai job delayed on client’s request
http://www.nst.com.my/node/65123

When lower VT will come to support. Safe stock and better than place FD when oil price is yet to find its bottom.

Why delay announcing free warrant news? If announce sure shoot up.

When can close above RM2.60 and RM2.70?

Automotive sector top picks by HLG and MIDF with TP RM4 and RM4.80.
http://klse.i3investor.com/servlets/ptg/5983.jsp

Share buy back resolution approved in AGM. If in the past they have bought back Benalec above RM1 why they can't continue to buy at 60sen now? taciturn, can ask about this in tomorrow EGM if you still attend.

Very volatile stock. Who do the selling and now buying?

More stocks not giving dividend-KNM,TH Heavy, Perisai, Bornoil and many many more among today active stocks.

Why people invest in MUI,Sumatec,IFCA,PDZ,etc? Do they give dividend? At least Msports gave dividend before 2 years ago and this year gave free warrant.

Posted by myschn > Dec 22, 2014 10:46 AM | Report Abuse

This person must be staff of XDL.
I am not employee of XDL. The reason I put IR contact if you have any complain regarding XDL please contact IR people. If more people complain they will entertain our complain rather than myself or few of us.