The State of the Nation: Economists revise forecasts upward as 1Q GDP hits two-year high | http://www.klsescreener.com/v2/news/view/237867

Little surprises in 1Q corporate earnings http://www.theedgemarkets.com/article/little-surprises-1q-corporate-earnings

Foreign buying stretches to 16 consecutive weeks http://www.thestar.com.my/business/business-news/2017/05/29/foreign-buying-stretches-to-16-consecutive-weeks/

http://www.sinchew.com.my/node/1647771/anzo与cmsb联营发展42亿产业

http://www.sinchew.com.my/node/1647789/木槿花1亿购沙油田过关

http://247wallst.com/commodities-metals/2017/05/24/steel-stocks-to-stay-hot-as-fundamentals-stay-strong-4-to-buy-now/

JHM stock price did not move one day after the release of the last QR. But after that it consolidated so much.

Dont mislead people. Haha

This stock has not been consolidating much this year. Most steel stocks have been consolidating this year amazingly. Buy the stock now!

Very low P/ E. Collect the stock more when the price is low. The stock price is likely to surge soon.

Seems like fake news! Be aware.

http://m.thesundaily.my/node/448465

Malaysia's Hibiscus is starting to bloom

Country's first publicly-listed E&P player making headway in region's oil and gas scene

Hibiscus Petroleum has a unique status in Malaysia as the country’s first publicly-listed exploration and production company, and is evolving into an ambitious and capable production operator.

Its short history since listing in 2011 as a Special Purpose Acquisition Company (SPAC) has been eventful, and conspicuous by the high number of asset transactions in which Hibiscus has participated.

Some did not work out, such as its proposed acquisitions of Hydra Energy and an interest in the Kitan oilfield, while its foundation project — an exploration venture in the United Arab Emirates and Oman with Lime Petroleum — is under legal dispute.

Hibiscus’ engaging managing director Kenneth Pereira says that given the oversupply of oil affecting global oil prices, Hibiscus’ decision to reduce its investment in exploration based activities seemed justifiable .

Meanwhile, the company was also busy in Australia making development plans for its West Seahorse oil asset.

Then in March last year, it completed its biggest deal yet — the US$52.5 million acquisition of a 50% joint operating interest in the Anasuria Cluster in the UK North Sea which provides net production of about 3500 barrels per day of oil.

It quickly followed up with a US$25 million agreement to buy Shell’s 50% joint operating interest in the North Sabah enhanced oil recovery project off Malaysia which is a mature oil producing asset.

On the map

The Anasuria deal has put Hibiscus on the map and, assuming the completion later this year of the North Sabah deal, the company will be on its way to meeting its mission of producing a net 20,000 bpd of oil by 2021.

The Sabah asset has four producing oilfields — St Joseph, South Furious, SF 30 and Barton — as well as the Labuan oil terminal and offshore infrastructure.

Pereira says North Sabah provides “a great opportunity to improve our operating footprint”.

If the transaction is approved by Petronas, it will represent Hibiscus’ first asset in Malaysia, but hopefully not the last.

“Malaysia is an attractive place to invest,” says Pereira, a co-founder of the company who had spent 20 years working for the Sapura Group. “There are multiple international companies here operating many production sharing contracts, I think that’s for a good reason.

“There are mature fields that present unique opportunities, which may take a different mindset to squeeze out additional barrels.

"We think it’s an exciting time, and the important thing is to remain cost competitive, to be smart and disciplined on keeping operating expenses as low as possible.” He describes Hibiscus — named after the Malaysian national flower — as a small company which is “big on ideas and imagination”.

“Our strategy since listing has been to invest in a balanced portfolio of assets, but it’s fair to say our focus is more on development and producing assets at this time.”

Hibiscus has a mandatory exploration well in Australia in a couple of years, and has infill drilling plans at Anasuria. West Seahorse is on hold for now, which is largely a capital allocation issue, adds Pereira. “First we need to focus on Anasuria (for growth) and hopefully North Sabah because they are already on stream with available capacity within the current infrastructure.”

Pereira has an experienced group of technical experts in his management team including Mark Paton, David Richards, Pascal Hos and Devarajan Indran, while he is also complimentary about his 50:50 Anasuria joint venture partner Ping Petroleum, also headquartered in Malaysia.

“Ping has roots and had connections in the North Sea, the Anasuria opportunity actually came to them, and they were seeking a partner. At that time oil was US$100-plus so we agreed to do it together, and the rest is history.”

As at the end of 2016, Hibiscus had proven and probable oil reserves of 25.7 million barrels from the Anasuria and West Seahorse assets, 60 million ringgit in the bank and zero debt.

Mid and Small Cap Research Scheme to cover 300 companies eventually http://m.thesundaily.my/node/448290

The stock may be selected for the scheme as this is a government-linked stock.

Mid and Small Cap Research Scheme to cover 300 companies eventually http://m.thesundaily.my/node/448290

Good closing. Buy Anzo. The stock is likely to move up to RM 0.24 or above tomorrow.

There are so many good things about Anzo.

1. Anzo’s managing director is optimistic about the company future prospects. If a company's managing director or CEO is optimistic about the company future prospects, it usually means the company's future prospects are VERY good as they tend to give an conservative view.

Anzo’s managing director Datuk Eddie Chai Woon Chet said the group’s current total construction order book of RM301 million to date, is expected to sustain its current momentum and meet its objective to turn profitable by FY18.

2. The company's revenue jumped from RM 1,691,000 to RM 7,581,000 in the latest QR.

3. The construction sector has been booming this year. MIDF research is positive on the local construction sector.

http://www.thestar.com.my/business/business-news/2017/05/24/midf-research-positive-on-local-construction-sector/

4.Shift to an agreement from a letter of intent for the RM1.2 billion contract
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=9342

http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=7804

I sold Air Aisa a long time ago.

http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=7805

http://www.thestar.com.my/business/business-news/2017/05/23/ekovest-expects-traffic-volume-to-double-with-duke-2/
Tuesday, 23 May 2017 | MYT 8:55 PM
Ekovest expects traffic volume to double with Duke 2

KUALA LUMPUR: Ekovest Bhd sees better revenue from its infrastructure division, saying the traffic volume at its intra-city highway will double once phase two of the Duta-Ulu Klang Expressway (Duke) project is completed by end-August.

Managing director Datuk Seri Lim Keng Cheng said traffic at Duke would easily double from an existing average of 135,000 vehicles per day and at the same time alleviate traffic congestion along Jalan Pahang, especially at the roundabout.

IWC shares spike nearly 11%

http://www.thestar.com.my/business/business-news/2017/05/23/iwc-shares-spike-10pc/#Eb087M1Kgp5ua7MR.99

Buy Anzo Holdings. You are expected to gain a 100 % return in 1 or 2 months if you buy the stock this Monday.

Buy Anzo Holdings. You are likely to gain a 100 % return in 1 or two months if you buy the stock on Monday.

Top 10 Active Counters
Name Last Change
NETX 0.07 +0.005
DNEX-WD 0.335 +0.055
DNEX 0.61 +0.04
NETX-WB 0.04 +0.01
FRONTKN 0.285 +0.03
MYEG 2.14 -0.05
* ANZO 0.265 +0.01
AAX 0.51 +0.025
DRBHCOMC26 0.22 +0.025
IRIS 0.20 0.00

Buy Anzo Holdings. You are expected to gain a 100 % return in 1 or two months if you buy the stock on Monday.

Oil price was up 1.99% on Friday.

Buy Anzo Holdings. You are expected to gain a 100 % return in one or two months if you buy it on Monday.

The Dow was up 0.69% on Friday.

首季净利增35% 新鸿发股价节节涨 http://www.chinapress.com.my/20170517/首季淨利增35-新鴻發股價節節漲/
http://www.chinapress.com.my/20170517/%E9%A6%96%E5%AD%A3%E6%B7%A8%E5%88%A9%E5%A2%9E35-%E6%96%B0%E9%B4%BB%E7%99%BC%E8%82%A1%E5%83%B9%E7%AF%80%E7%AF%80%E6%BC%B2/

Buy AWC and KUB MALAYSIA

Minister calls for mandatory use of industrialised building system in construction industry
http://www.theedgeproperty.com.my/content/1135912/minister-calls-mandatory-use-industrialised-building-system-construction-industry
16/05/2017 21:33

Oil stocks are hot now. Buy oil stocks like HIBISCUS PETROLEUM.

Saudis, Russia Commit To 9-Month Oil Cuts, Goldman Sees $57 Price
Oil prices are heading higher today with the likelihood that OPEC could agree to extend production cuts into 2018.

Stellar export growth expected to continue in Q2 http://m.thesundaily.my/node/444117

Stellar export growth expected to continue in Q2 http://m.thesundaily.my/node/444117 (Share from StockHunter)

CIMB Research retains overweight on construction sector http://www.thestar.com.my/business/business-news/2017/05/08/cimb-research-retains-overweight-on-construction-sector/

Hexza

Net profit is negative for 4 consecutive quarters. I would not buy this kind of a stock.

Nexgram is a loss making company, while Ekovest is a growth company.

持130亿建筑订单．怡克伟士业绩料更佳
读者政彬问：怡克伟士前景如何？目前手上的合约价值多少？目标价是多少？


怡克伟士（EKOVEST，8877，主板建筑组）前景如何？目前手上的合约价值多少？目标价是多少？

http://www.sinchew.com.my/node/1640744/%E6%8C%81130%E4%BA%BF%E5%BB%BA%E7%AD%91%E8%AE%A2%E5%8D%95%EF%BC%8E%E6%80%A1%E5%85%8B%E4%BC%9F%E5%A3%AB%E4%B8%9A%E7%BB%A9%E6%96%99%E6%9B%B4%E4%BD%B3

Price to book: 0.74
http://www.reuters.com/finance/stocks/financialHighlights?symbol=ETEX.KL

Engtex exports pipes overseas.

Price to Book :0.45
http://www.reuters.com/finance/stocks/financialHighlights?symbol=GUHB.KL

大馬城計劃會繼續-馬股本週有望挺向1770點/
http://www.chinapress.com.my/20170507/%E5%A4%A7%E9%A6%AC%E5%9F%8E%E8%A8%88%E5%8A%83%E6%9C%83%E7%B9%BC%E7%BA%8C-%E9%A6%AC%E8%82%A1%E6%9C%AC%E9%80%B1%E6%9C%89%E6%9C%9B%E6%8C%BA%E5%90%911770%E9%BB%9E/

Ekovest is likely to consolidate on Monday.

Very good annual report

http://www.sinchew.com.my/node/1640635/亲国阵部落客驳420亿拯救说法．“1mdb资产值600

http://www.sinchew.com.my/node/1640635/亲国阵部落客驳420亿拯救说法．“1mdb资产值600亿”

http://www.straitstimes.com/asia/se-asia/after-facing-down-scandal-malaysia-pm-najib-vulnerable-on-rising-costs-as-election

No more panic selling on Monday!

http://www.enanyang.my/news/20170506/廖中莱大马城不会失败br-纯属商业抉择/

廖中莱:大马城不会失败 “纯属商业抉择” http://www.enanyang.my/news/20170506/廖中莱大马城不会失败br-纯属商业抉择/

I think optimistism among JHM investors reached the highest level. On Monday price correction will start.