SHAH ALAM: The Selangor Economic Action Council (MTES) has approved several applications made by agencies and local authorities to ensure the smooth implementation of the Langat 2 water project.

Mentri Besar Mohamed Azmin Ali said the approval involved planning permission and construction work at the project site.

“MTES approved applications from the land office, Kajang Municipal Council and the Selangor Forestry Department,” he said.

Azmin was speaking to reporters after hosting the Selangor government’s Raya open house at his official residence here, yesterday.

Langat 2 is part of the Raw Water Transfer Project to treat 1.89 billion litres of raw water supplied to Selangor, Kuala Lumpur and Putrajaya until 2025.

Minister of Energy, Green Technology and Water Datuk Seri Dr Maximus Ongkili blamed the Selangor government for delaying Langat 2 by ordering agencies and local authorities to suspend approval of permits until the restructuring of the water industry was finalised. – Bernama

salty fish comes alive.

game over. wakakaka.

accumulation or distribution?

left to right, right to left

bersih rally 29 Aug, reits shares will be affected

after ex, will go down lower.

will buy more if down to 1.10. for medium term

usual norm of epf to dump a million or two when price up before ex.

after ex, go back below 1.27. no big deal

how many kena caught?

huat arrrr...selling on strength...country in crisis?

why why tell me why .... warrant price dropped but mother share up....wakakaka

Huat arrrrrrrr

Most likely on Friday.

closing today - below 1.30?

TWWREIT q result not good...shud be the same for other reits

shit got con.....

i will sell if up to 1.34

WHAT HAPPEN? can still buy?

some who bog yesterday kena trapped?

zzzzzzzzzzzzzzzzzzzzzzzzzzz

yea, this stock up from 0.67. already up 45%

real game just started? or a trap?

short sellers, kantoi. wakakaka

short sellers today go orland

buy on weakness for medium term sure win.

Think BN gomen sore with TF. ask epf to dump

below 1.30 liow. Hold tight.

Now you buy you die. wait till next week agm.

buy on rumours, sell on news...
Rumour is Engtex might get the pipe contracts. wakakakaka

zzzzzzzzzzz no more wayang kulit?

Indonesia transport ministry softens tone on airlines equity rule

JAKARTA: Indonesia's transport ministry said it would help airlines struggling to meet a deadline to improve their finances, softening its stance after concerns about the measures sent AirAsia Bhd's shares plunging to five-year lows.

Ministry officials had told reporters less than a week ago that 13 airlines including the Indonesian affiliate of troubled Malaysian budget carrier AirAsia had to repair their stretched balance sheets by the end of July or risk being shut down.

On Thursday, the ministry issued a statement saying it would "help and support" these airlines to improve their finances, but did not mention anything about shutting them down.

A spokesman told Reuters the ministry would "decide in the future" on that matter.

Worries that the Indonesian affiliate of AirAsia would be grounded heightened investor concerns about Asia's biggest low-cost carrier which has been hit in recent weeks by questions over accounting that the airline rejected.

On Wednesday, AirAsia shares fell more than 15% to five-year-lows. Its shares fell a further 2.3% on Thursday, underperforming the benchmark index which was up 0.4%.

AirAsia Group CEO Tan Sri Tony Fernandes, speaking to reporters in Singapore, welcomed the latest Indonesian statement.

"There are no financial difficulties in Indonesia," he said. "We have said that it needs funding and we are going to clean it up. But you can't arrange funding in three weeks."
Investors have frequently identified regulatory uncertainty in sectors ranging from mining to water supply as one of the key obstacles hampering the development of South-East Asia's biggest economy. - Reuters

Expect delay on Selangor water deal, Azmin blames Putrajaya - See more at: http://www.themalaysianinsider.com/malaysia/article/expect-delay-on-selangor-water-deal-azmin-blames-putrajaya#sthash.

Expect delay on Selangor water deal, Azmin blames Putrajaya - See more at: http://www.themalaysianinsider.com/malaysia/article/expect-delay-on-selangor-water-deal-azmin-blames-putrajaya#sthash.LTeeA7lj.dpuf

buy on rumours, sell on news...so on tuesday price will dropped to 70sen...wakakaka. Jaks price jacked up from 67sen to 87sen. about 33% what more you want?

JAKS to jointly develop 1,200MW power plant in Vietnam

By Chen Shaua Fui / theedgemarkets.com | July 3, 2015 : 6:42 PM MYT
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KUALA LUMPUR (Jul 3): JAKS Resources Bhd ( Financial Dashboard) has requested for a suspension of trading of its securities next Monday (July 6), pending a material announcement.

Next Monday, JAKS is due to sign an agreement with a new equity partner, to jointly develop a 1,200MW coal-fired power plant in Hai Duong Province, Vietnam, which is under a build-operate-transfer contract.

In a filing with Bursa Malaysia today, JAKS said the request for suspension is made under subparagraph 3.1(b) of Practice Note No. 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities.

JAKS is primarily engaged in the integrated water works industry. It is also involved in the designing and construction of sewerage treatment facilities, as well as manufacturing of mild steel pipes and other steel products.

The company's shares have been actively traded since Wednesday, which saw 24.2 million and 28.27 million changing hands on Wednesday and Thursday, respectively. Some 33.59 million shares changed hands today.

JAKS' (fundamental: 0.65; valuation: 1.5) shares closed down 2.34% at 83.5 sen today, giving it a market capitalisation of RM374.8 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Dividend 1.3sen.

CEO still selling . might go below 0.40 Wakaka

Wow, if all warrants exercised n placement shares completed, there will huge dilution of shares. How to go up? Gonna take few years to built up business. Buy for long term

if reached 1.60, short sellers will scramble to cover their position wakakakaka

i queue to buy at 1.45. Hope to get it...

will be volatile till Greece and Fitch issues over.

haha, Khalid only want to take some credit if they really do sign next week. But Azmin could purposely delay it to next week so that Khalid's comment is non issue.

Pavilion Real Estate Investment Trust (REIT) ( Financial Dashboard)
(June 24, RM1.53)
Upgrade to buy with a higher target price of RM1.80: We expect Pavilion REIT (PavREIT) to see a rerating driven by more certainty of the Pavilion Extension (Extension) asset-injection plan (worth approximately RM806 million) in early 2017. Our preliminary assessment values the Extension at 32 sen per share, based on a dividend discount model methodology. We revise up our 2017 estimate (E) net profit by 4.5% to account for the Extension’s nine-month contribution.

Our upgrade on PavREIT is driven by our higher conviction on two counts. Firstly, the sustainability of PavREIT’s existing tenancies and secondly, the yield-accretion from management’s potential move to gear up on the financing of the acquisition of Extension. As a result, PavREIT’s 2016E to 2017E yield should improve from 5.5% to 5.6% levels before our upgrade to 6.4% to 6.6% post our upgrade, above the Malaysian REITs peer average of 6.1% to 6.2%. Notwithstanding the general threat on retail malls, that is outlet closure of less popular brands, Pavilion Mall continues to survive due to its positioning in the upper and upper middle class categories and it being a lifestyle mall.

At a potential injection price of RM3,226 psf (totalling RM806 million), the Extension is expected to further enhance Pavilion Mall’s net property income yield from 9.5% to about 10%, based on the assumption that the Extension will be able to fetch a higher average rental rate of RM27 psf versus the Pavilion Mall’s rental rate of RM22 psf currently. — AffinHwang Capital, June 23

Pavilion

This article first appeared in The Edge Financial Daily, on June 24, 2015.

I think the MTN programme will be used to fund the Pavilion Extension (Extension) asset-injection plan (worth approximately RM806 million) in early 2017.

"SC approves Pavilion REIT’s RM8bil MTN programme."

http://www.thestar.com.my/Business/Business-News/2015/06/25/SC-approves-Pavilion-REITs-RM8bil-MTN-programme/?style=biz

Why investors are so negative on this program?

meeting to sign agreement off?

short seller die kaw kaw

down. GMT report out? negative?