Besides, IStone do have MOU with UTM. And UTM are one of the top engineering universities in Malaysia

Engineering and R&D for istone already proven their capability in the market. Else do you think like VS or Dyson will appoint them?

Think twice

glove counter also can make it, why can't for istone? someone vote confidently to against for share consolidated, must be reason behind.. just stay tuned

slowly but surely

let stone become gem

welcome investor94 to stone family!! let looks forward to 1.2

resistance at 0.255... lai lai.. let rocket break it

no worries.. not related at all.. let focus on istone become gem

amitabha.. tomorrow morning must be drop like knife falling

gg.com

k thanks bye!

Don't fall into the trap. Rather believe on own judgement than comment from KYY.

2. not depending on foreign worker's

looking at recent news for glove industry which affected by covid case. not I say or who say, which clearly stated on the news that their production capacity been affected. WHAT IF, i-stone providing the solution and will have double win for the company.

1. production still continue no matter how (by automation)
2. reduce relying foreign manpower

if really go through the company background, istone are more towards provicing "one dragon service" to their customer include solution solving services (customization).. most important is their R&D dept, consider istone "tulang belakang". that is whole point why AWANG invested on istone.

few months time most likely can achieve 0.5.. but agreed with survivor, just stay tuned for 1.2

people may say istone still fall under EMS categories.. but in fact there are more than that..

sit tight with seat belt.. just stay tuned

look at recent covid case at tp. do you think after this they will not try to explore for automation? able not to rely on manpower and able to run 24 hrs without problem. main, they able to solve labor issues

kick lai liao

150m for geran pendigitalan PKS dan geran automasi.. nowonder yday out of sudden so many people start sapu at 225

Manufacturing sector is not easy as ABC.. not like when you press a button and the capacity will just boost.. you need to plan, execute and continuous review and continuous pump $$ for improvement project.. only have additional capacity..

Someone think it is easy like dropping from sky

those collected few days back just waiting for handsome profit

especially at 0.92

sapu with big volume at the end.. wow !!!

short tp.. 1.15

zoom soon

Lay Hong’s net profit for its third quarter ended Dec 31, 2016 rose 107.7% to RM8.61 million, from RM4.15 million a year earlier, whereas revenue was 5.1% higher at RM171.68 million from RM163.38 million.

For the cumulative first nine months of FY17, net profit fell 17.7% to RM12.57 million from RM15.28 million, whereas revenue climbed 3.9% to RM501.61 million from RM482.68 million.

“We cannot give a definite forecast for now as contributions from our expansion activities will only be reflected in FY18. But we hope to do well mainly from the anticipated improved performances from our farming and processing segments,” Yap said.

Going forward, Lay Hong is allocating RM90 million capex for FY18, mainly for broiler- and layer-related purposes. This is more than double its capex of RM40 million in FY17.

“We see potential growth in the food processing market as well as in the demand for our functional eggs. So, such an expansion is important for us to fulfil our market obligations to our customers and partner (NHFM),” said Yap.

KUALA LUMPUR: Integrated poultry producer Lay Hong Bhd is not ruling out the mergers and acquisitions (M&A) route in expanding its business but feels it is in the group’s best interest to focus on building its own expertise.

Firstly, the group caters mainly to the domestic market. Malaysia is reportedly one of the highest poultry consumers in the world.

Based on statistics by the Veterinary Services Department, chicken/duck meat and eggs were the two most consumed livestock products per capita in Malaysia between 2005 and 2014, with eggs being the most eaten protein during the period.

In 2014, the amount of chicken/duck meat consumed by Malaysians was 47.12kg per capita compared with 30.07kg in 2005. As for chicken/duck eggs, total consumption per capita in 2014 was 328 eggs (19.67kg) versus 260 eggs (15.6kg) in 2005.

Secondly, as Lay Hong is involved in the production of fresh farm eggs as well as downstream activities — such as chicken meat processing and manufacturing of further processed products — its broilers are bred for internal production.

Its export activities are limited; the group merely distributes eggs to Singapore.

“In terms of industry consolidation [specifically M&A], Lay Hong has not been a part of such an exercise. But there is a possibility of M&A in the future besides just growing organically from [increased contributions] from our current activities as we need more raw materials,” group executive director Yap Chor How told The Edge Financial Daily.

“Consolidation is not necessarily a bad thing as consumer preferences are changing and there will be new producers who will enter the industry. Several of them might then target niche markets but Lay Hong has always been catering to the mass market and it is more natural for us to continue doing so,” Yap said.

Lay Hong had in January 2016 combined forces with Japanese meat packing company NH Foods Ltd to form a joint venture company called NHF Manufacturing (M) Sdn Bhd (NHFM).

Following the tie-up — Lay Hong: 49% stake, NH Foods: 51% stake — five variants of “Nippon Premium NutriPlus” frozen processed chicken products were introduced to the market.

Additionally, NHFM is building a plant with a monthly capacity of 1,000 tonnes and has set aside RM40 million capital expenditure (capex) for the plant’s construction as well as for the purchase of the land site.

The company has earmarked several plots of land around the Klang Valley and halal hubs in the region, and is in the midst of finalising a decision. The new plant, which will complement Lay Hong’s existing Tanjung Karang plant (which has a monthly capacity of 1,600 tonnes), is scheduled for completion by 2018.

NHFM’s upcoming plant will cater to the domestic and export markets, thus allowing it to market its halal-certified fully cooked products to Japan as well as other foreign and Muslim countries.

“At this point (in terms of the weakening economy), we feel that the industry is at the stage where land is getting more expensive for companies to purchase and everyone is getting more sensitive towards the current economic environment,” Yap said.

“To [operate in these difficult times] is now costlier as activities require massive investments. The big boys can invest further but there is a risk of overproducing. So the only way out is to buy out existing farms or producers,” he said.

On a lighter note, amid the bleak economy which is affecting industries across the board, Yap said the outlook for the poultry industry is still positive, backed by constant customer demand for new food products and companies’ flexibility in catering to changing taste buds.

The only risk to the sector’s resilience, however, would be the devaluation of currencies, which impacts feed and raw material prices. Still, Yap asserted that the effect is temporary.

“The industry is very resilient and still holds good potential and value. Any food-related business is a good business because you don’t run out of new product ideas — there will always be demand,” Yap said.

With that, Lay Hong is going with the flow, as it might consider producing more ready-to-eat food products in line with consumers’ growing preference for convenient meals.

Further, the group is looking to ramp-up its daily egg production capacity from 1.8 million eggs currently to three million by FY18.

“We will prepare everything from the meat to the sauces, all packaged together as a set. Time is a commodity for almost everyone these days and kitchens are in their homes just for show,” Yap quipped.

Asked about the group’s ability to sustain its earnings in FY17 amid the recent H5N1 avian influenza outbreak in Kelantan detected among backyard chickens, Yap said the situation appears to be under control.

“On our side, we do see its impact on consumer confidence but commercial farmers should not worry too much. Eggs bought from supermarkets are generally safe,” he said.

you can choose not to trust.. if don't have the trust.. just fuck off.

as I mentioned, that well is just one of it..

don't always looks at the bad side.. Don't forget Hydra energy !!

Hibiscus Petroleum’s managing director, Dr Kenneth Pereira said, “While the Sea Lion results were disappointing, we are pleased that with the recent announcement of the acquisition of Hydra Energy and their 2P (proven and probable) reserves in Western Australia we have reduced the impact of the unsuccessful Sea Lion well to the company by acquiring more reserves that are synergistic to our current business.

“With the addition of the Hydra Energy reserves coupled with West Seahorse, our Australian assets will triple to 23 – 25 million barrels of 2P/2C reserves/resources and will support the development and commercialisation of our Australian assets following completion of the Hydra acquisition.”

come on guys. starting not good doesn't mean finishing is bad and it is in trouble. lets have a check on permits VIC/P57, they just start the first well and there is more to go. hibiscus is expanding well for current being, and Lime group, Norway is doing good. off course margin call did brought out some negative response and some fucker took this opportunity to shout around.

why they doing that ??? think it probably. if they are not interested on this counter why they are still here? sorry to say that you guys are totally not responsible. everyone will have their own choice to choose which company to invest and they are smart

The latest proposal to acquire hydra energy (which can consider one of the hydrocarbon engineering solutions company, do believe the management already consider from different prospect.

like it or not, there is lot of fucker "contra looser". enough.

KUALA LUMPUR: Hibiscus Petroleum Bhd has entered a binding equity transaction term sheet to acquire the entire equity interest in Australian oil exploration and production firm Hydra Energy Holdings Pty Ltd (HEH).

In its filing with Bursa Malaysia on late Monday, the company said the acquisition would be satisfied via the issuance of new Hibiscus shares and/or in other forms to be mutually agreed to by the parties in the share sale and purchase agreement (SPA).

Hibiscus said the proposed acquisition provided it the opportunity to further strengthen its portfolio of assets and enhances its 2P/2C oil reserves/resources in Australia by an additional 15 million-17 million barrels of oil with exploration upside, to 23 million-25 million barrels of oil.

“This will facilitate the company’s advancement of the development and production phases of its Australian assets (i.e. West Seahorse and Sea Lion),” it added.

The purchase consideration for the HEH shares will be at the fair market value, which will be determined by an independent valuer.

The proposed purchase is subject to the completion of due diligence by both the vendors and Hibiscus, among others.

“In conjunction with the signing of the term sheet, the company’s largest shareholder (Hibiscus Upstream Sdn Bhd), has provided an irrevocable undertaking to vote its 17% interest in the company in favour of the proposed acquisition,” it said.

The term sheet is legally binding on the parties until the SPA is signed by the parties.

Upon signing of the term sheet, HEH and the company have entered into a period of exclusivity until the earlier of 90 days from signing of the term sheet or closing of the proposed acquisition.

Hibiscus will pay the vendors a breaking fee of US$3.5mil (RM15.3mil) if the SPA is not executed by April 30, 2016 or if its fails to obtain shareholders’ approval to complete the deal.

HEH was incorporated in Australia on July 22, 2011 and is principally involved in the exploration and production of oil and gas.

It currently holds or has signed binding agreements entitling it to the rights to working interests in seven petroleum titles located in offshore Western Australia, four of which have discoveries with 2P reserves (2P i.e. Proved plus Probable reserves).

The current remaining periods of the petroleum titles range between a year and 16 years.

Hibiscus shares had fallen 39.2% from Oct 29 to close at 36.5 sen on Nov 4. Trading was suspended from Nov 5 to 9 and will resume on Nov 11.

next quarter easily back to rm2.. remember what i told you !!! save it on yr mind !!!

another laughdieme another jocker !!!

as i told before, dont have the faith on this counter just sell whatever you have and fuck off !!! been seeing lot of bugger, same attitude like you non stop bullshit and keep buying when people panic..

dont talk big,. be polite !!!

cheers ~~~

whoever just follow the comment will just follow to one destination - HOLLAND !!

this counter is not a shot term investment, buy now keep for long term for sure you will NEVER regret. why i will say so, start from 11 million debt and now own 184 in fleet - don't forget another 300 neo is coming. WIth the recent news, Mr tony and kamaruddin is back in action. Would you think they will just let go their "EMPIRE" go away just bcz of recent GMT research ????

think twice !!!!

cheers ~~~

hahaha... talk like no tomorrow.. like he is fucking knowledge.. dont have the heart to hold it just sell it and watch aside !!!

shame on you !!!

samer, enter back to the game?

to all the supporter since 1,06 !!! all must be laughing non stop :) let celebrate...

watch out for afternoon, going to have another wave !!! let go for 2nd TP !!! rocket mode ON ~~~


cheers~~~

Samer, no more holdings?

Where is the supporter? Must be laughing calculating the $$$.. 1.30 first tp.. following by 1.50??? Hahaha.. good news coming soon.. stay tune everyone !!!

0% then business injection.. if really that happened owner gonna jump into the river... hahaha

no idea bro... if I can know when is that, I must be sapu-ing the entire sold from the directors.

what I can say is just wait for the good news, is around the corner. don't contra and you will smile all the way.. frankly speaking I just top up before the GST... good dividend and good portfolio company good return !!!

cheers~~~

directors want to sell all before GST, "laughdieme" hahaha... Mr Yeow Kheng Chew going to rejoin mr mokh team? hmm....

predicted once mr mokh appoint as CEO. those director consider pass tense... going to have new directors soon

husnia,

as I mention before, like it or not we are living in Malaysia not Singapore. every Malaysian knew what is happening. just myeg, end of the story someone promise to absorb the processing fees (RM35).

based on the track, yison and SPK is the good example. what I will say is once mr mokh start to take action, no more this price for you to grab

cheers~~~

husnia, frankly speaking I stuck at 1.26 but I can foresee the future prospect from this company once appoint mr Mokh as CEO plus after research at the company background.

Basically this company constant giving out dividend, from the business wise it has very bright future. why I will say that, nowadays all the people want the fast speed streaming internet from 2G to 3G to 4G and now LTE. our country, Malaysia only have certain area have that service. compare with other company like japan, Singapore and korea, they have the fiberoptics cable at all around.

Husnia.. sorry to say, the way you post exactly like optimusprime. Non stop negatively comment, not too sure what is yr intension.

just go through another blog at i3 forum stated there " challenge for optimusprime".

yup... there is another breaking news.. which will announce once the mr mokh done with restricting the company..


cheers~~~