ok. Titus.

http://www.klsescreener.com/v2/news/view/290607

http://www.klsescreener.com/v2/news/view/290663

Malaysia's August export growth at 21.5 pct y/y, above f'cast
Reuters Staff
* August exports +21.5 pct y/y vs Reuters poll +19.2 pct
* August imports +22.6 pct y/y vs poll forecast +21.0 pct
* Trade surplus 9.9 bln rgt vs poll forecast of 9.6 bln rgt
* Exports to China +21.2 pct y/y, U.S. +14.5 pct, EU +21.6 pct

KUALA LUMPUR, Oct 6 (Reuters) - Malaysia's exports in August grew to 21.5
percent from a year earlier, beating expectations on the back of manufacturing
sector and liquefied natural gas (LNG) exports, but were slower than the
previous month.
The export growth exceeded the 19.2 percent forecast by a Reuters poll but
was down from July's 30.9 percent growth.
The upward trend of manufactured goods exports continued in August with an
expansion of 22.3 percent year-on-year.

No worry. They are only take in potential shareholders that can help to boast up their businesses (for instance getting Sabah Pan Borneo Highway Project). Those unable to do it must step down.

Just TOP UP.

RHB Investment Bank adjusts TP from 1.18 to 1.20.
https://klse.i3investor.com/blogs/nanyang_stock_expert/134404.jsp

With the injection of Mydin Hypermarket, its total property value will be RM1.077 billion. Funds will then consider to invest. Amit can queue at RM1 and wait for a year or longer if you are interested with low risk reits.

Al-Salam Real Estate Investment Trust
(Oct 5, RM1.00)
Maintain buy recommendation with a target price (TP) of RM1.15: We are mildly positive on Al-Salam Real Estate Investment Trust’s (Al-Salam REIT) proposed acquisition of a hypermarket asset in Terengganu as the leaseback will be based on a triple net lease structure.

Al-Salam REIT has proposed to acquire Mydin Hypermarket Gong Badak building in Kuala Terengganu from its vendor, Mydin Wholesale Cash and Carry Sdn Bhd, for RM155 million in cash (excluding acquisition expenses of RM2.6 million) — 2% below the appraised market value of RM158 million.

The deal also entails a leaseback arrangement of 30 years with rental step-up (5% every two years; monthly/annual rental not disclosed) and a triple net lease structure. The acquisition will be funded by borrowings and is expected to be completed in first quarter of 2018. The vendor is primarily engaged in the operations of a hypermarket, supermarket and emporium, as well as franchising, wholesale business and mall management.

We are mildly positive on the deal as a triple net lease structure would provide stable, recurring rental income to Al-Salam REIT with low occupancy risks. Based on our ballpark calculation, assuming a net property yield of 6% and borrowing cost of 5.2%, the hypermarket asset could raise our earnings per unit and distribution per unit forecasts for FY18/FY19/FY20 by 12%/4%/6% respectively.

The purchase could increase AL-Salam REIT’s gross gearing to 0.44 times and total property value by 17% to RM1.077 billion.

We maintain our earnings forecasts pending further disclosures from Al-Salam REIT. We continue to like Al-Salam REIT for its balanced portfolio consisting of stable assets on long and triple net leases, and the Komtar JBCC mall which provides earnings upside. — MaybankIB Research, Oct 4

Young men jump!

Substantial shareholder buying.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5562441

I don't think so. One of my former colleague after getting PR can't even get a job there. He also survived and found out the same things happened to many PRs.

Employment for non citizens including PR is very difficult in AU. Do verify first.

http://www.klsescreener.com/v2/news/view/287611

中国投资合作、全长688公里的东铁计划，今年8月份已进行动土礼，预计在2024年完工。
余耀武说，该计划是政府通过中国融资550亿令吉兴建，其中85%资金由中国进出口银行提供年利3.25%的贷款，其余15%由大马银行通过回教债券集资。
http://klse.i3investor.com/blogs/kianweiaritcles/133962.jsp

http://www.klsescreener.com/v2/news/view/286925

http://www.klsescreener.com/v2/news/view/286925

http://www.klsescreener.com/v2/news/view/286925

event of Alibaba. Some more, hope for Sabah Pan Borneo Project is still bright for JayCorp to get it.

Put in great demand of furnitures soon from US of the Harricane event. And demand for carton boxes will continue to the peak in Nov 11 due to annual sale

The Board of Directors of Malayan Banking Berhad “Maybank” wishes to announce that Maybank’s wholly owned subsidiary, Etiqa International Holdings Sdn Bhd “EIH” has today, 28 September 2017, completed the acquisition of 75% shareholding in PT Asuransi Asoka Mas, a General Insurance company based in Indonesia, for a purchase consideration of IDR 207,200,000,000 (equivalent to approximately RM64,922,598.00). The acquisition of 750,000,000 shares was purchased from PT Transpacific Mutualcapita who will keep the remaining 25% shareholding in PT Asuransi Asoka Mas. All relevant approvals including those from Bank Negara Malaysia and Otoritas Jasa Keuangan of Indonesia have been obtained. This acquisition is in line with Maybank Group’s Insurance and Takaful business vision to be a leading regional insurance player.

The transaction is not expected to have any material impact on the earnings, net assets and gearing of Maybank Group for the financial year ending 31 December 2017.

The engineering and construction segment registered RM1.1 million in turnover and profit
before tax of RM0.1 million for the current quarter. Yes, you are right. Cheers!

No body know about future. We will see who is right (in Heaven or Hell).

Hold tight tight, guys. JayCorp has very good prospect. More demand for furniture and carton boxes.

Review of Performance
The Group registered a turnover of RM80.5 million for the quarter ended 31 July 2017
(“current quarter”) as compared to a turnover of RM68.1 million in the previous year
corresponding period. Profit before tax for the current quarter was at RM8.2 million as
compared to profit before tax of RM5.1 million for the previous year corresponding period.
The furniture segment continued to be the main contributor to the Group’s revenue. The
furniture segment recorded RM63.1 million and RM7.0 million in turnover and profit before
tax respectively for the current quarter. Comparatively, turnover and profit before tax for the
previous year corresponding period were RM54.6 million and RM6.2 million respectively. The
turnover and profit before tax for the current quarter were higher than the previous year
corresponding period mainly due to increased demand from overseas markets and the
strengthening of the United States Dollar (USD) against the Malaysian Ringgit (MYR).
The kiln-drying segment registered RM10.4 million in turnover and profit before tax of RM0.2
million for the current quarter compared with turnover of RM10.4 million and loss before tax
of RM1.0 million in the previous year corresponding period. The profit before tax for the
current quarter was higher than the previous year corresponding period primarily due to
lesser write down of inventories.
The carton boxes segment contributed RM10.6 million in turnover and profit before tax of
RM1.2 million for the current quarter compared with turnover of RM7.6 million and profit
before tax of RM0.4 million in the previous year corresponding period. The turnover and
profitability in this segment were higher than the previous year corresponding period due to
higher demand from internal and external customers.
The renewable energy segment contributed RM2.2 million in turnover and profit before tax of
RM0.1 million for the current quarter compared with turnover of RM2.1 million and loss
before tax of RM0.1 million in the previous year corresponding period. The improvement was
attributed to improved operational efficiency, cost control measures and higher selling price.
The engineering and construction segment registered RM1.1 million in turnover and profit
before tax of RM0.1 million for the current quarter.
B2. Quarterly Analysis
The Group recorded turnover of RM80.5 million and profit before tax of RM8.2 million for the
current quarter compared to last quarter’s turnover and profit before tax of RM78.6 million
and RM10.0 million respectively. Although there was an increase in turnover, the profit before
tax decreased due to higher raw material costs in the furniture segment and write down of
inventories in the kiln drying segment.

Buying at low is good and safe.

Keep it. Investment takes time.

Article at year 2010. After 3 years, nothing happened. After 7 years now, anything happens?

kaya if muiind sells and distribute div to you. otherwise, no way.

Three shareholders(Mr Chee Ah What, Datuk hazmat Aqbal and En Muaz)ceased to be shareholders in Jawala. As Jawala is a substantial shareholder of JayCorp, public is to be informed.

Tomorrow up again.

https://klse.i3investor.com/blogs/wesharenwetrade/133489.jsp

Esos again.

good food for thought.

http://www.enanyang.my/news/20170920/90净利派息免税br-新措施激励产托购兴/

http://www.enanyang.my/news/20170920/90净利派息免税br-新措施激励产托购兴/

Your estimation could be very wrong.

Those worry should not be here. All banks know what to do to increase their profits. What Contarian said may not be true.

Yamee!

Cheers!

Pearl City is not situated in Penang Island!

Normal substantial shareholders/family members/cronies all sucking money so that its profit margin is slim. Protasco is a real case.

secoder!

The holding company disposed.

Cold eye holds it? Huat lah!

The Best growing stock for GLCs to buy. Those retail investors can sell now. Don't talk cock without any shares here.

Resistance from NUBE a key reason for AMMB-RHB merger failure, says Deutsche Bank

Author: moneyKing | Publish Date: 14 Sep 2017, 7:27 PM

Sulhi Azman/theedgemarkets.com

September 14, 2017 17:57 pm MYT



KUALA LUMPUR (Sept 14): Resistance from a trade union was a key reason for the failure of the proposed merger between AMMB Holdings Bhd and RHB Bank Bhd, according to an analyst with Deutsche Bank AG.

“Our visit to the National Union of Bank Employees (NUBE) reinforced our suspicion that staff issues might be a key reason for the merger to be called off,” research analyst Joshua Lee wrote in a report to clients today.

“NUBE was not consulted before the merger discussion announcement and they subsequently sent letters to the central bank, banks involved and the government. The union had two meetings with the banks before the merger was called off,” Lee added, noting that staff cost made up 53.5% and 57% of the total expenses at AMMB and RHB respectively.

Lee said his conversation with three banks — AMMB, Public Bank Bhd and Hong Leong Bank Bhd — and related parties, indicated NUBE has a “material presence” on the country’s banking operations.

He also observed that NUBE has been encouraging its members to upskill in order to stay relevant, and are attempting to unionise outsourced workers.

“That might slow down banks’ digitisation and cost reduction strategies,” Lee said.

Established under the Trade Unions Act 1959, NUBE represents around 20,000 bank employees in Malaysia.

Meanwhile, Lee also commented on Malaysia’s loans growth of 1.8% in the first half of 2017 (1H17), saying it was outpaced by the country’s economic growth of 5.7% in the same period.

“Historically, loan growth trends higher than the gross domestic product,” he said. “Our conversations with corporates indicate that many are using their internal funds for capex purposes, and are not planning major expansion that requires gearing up.”

Going forward, Lee said, “We note that banks are guiding for lumpy corporate loan pick-up in 2H17, especially from large infrastructure projects.”

“However, some corporates that we met are wary of being entangled in the ‘winner's curse’, and are happy to wait by the sidelines, until bidding rationalises,” he said, adding: “Nevertheless, they believe that supply will likely fall behind the demand generated by these infrastructure projects in the years ahead.”

As for the implementation of the new accounting standard, Lee said: “Surprisingly, banks are guiding that the impact of IFRS9 could be muted, with several guiding that there would be no impact to capital, with the likely usage of regulatory reserves.”

“Banks that have not disclosed any IFRS9 guidance have their systems in place and are currently doing back testing,” Lee added.

http://www.theedgemarkets.com/article/resistance-nube-key-reason-ammbrhb-merger-failure-says-deutsche-bank

Resistance from NUBE a key reason for AMMB-RHB merger failure, says Deutsche Bank

Author: moneyKing | Publish Date: 14 Sep 2017, 7:27 PM

Sulhi Azman/theedgemarkets.com

September 14, 2017 17:57 pm MYT



KUALA LUMPUR (Sept 14): Resistance from a trade union was a key reason for the failure of the proposed merger between AMMB Holdings Bhd and RHB Bank Bhd, according to an analyst with Deutsche Bank AG.

“Our visit to the National Union of Bank Employees (NUBE) reinforced our suspicion that staff issues might be a key reason for the merger to be called off,” research analyst Joshua Lee wrote in a report to clients today.

“NUBE was not consulted before the merger discussion announcement and they subsequently sent letters to the central bank, banks involved and the government. The union had two meetings with the banks before the merger was called off,” Lee added, noting that staff cost made up 53.5% and 57% of the total expenses at AMMB and RHB respectively.

Lee said his conversation with three banks — AMMB, Public Bank Bhd and Hong Leong Bank Bhd — and related parties, indicated NUBE has a “material presence” on the country’s banking operations.

He also observed that NUBE has been encouraging its members to upskill in order to stay relevant, and are attempting to unionise outsourced workers.

“That might slow down banks’ digitisation and cost reduction strategies,” Lee said.

Established under the Trade Unions Act 1959, NUBE represents around 20,000 bank employees in Malaysia.

Meanwhile, Lee also commented on Malaysia’s loans growth of 1.8% in the first half of 2017 (1H17), saying it was outpaced by the country’s economic growth of 5.7% in the same period.

“Historically, loan growth trends higher than the gross domestic product,” he said. “Our conversations with corporates indicate that many are using their internal funds for capex purposes, and are not planning major expansion that requires gearing up.”

Going forward, Lee said, “We note that banks are guiding for lumpy corporate loan pick-up in 2H17, especially from large infrastructure projects.”

“However, some corporates that we met are wary of being entangled in the ‘winner's curse’, and are happy to wait by the sidelines, until bidding rationalises,” he said, adding: “Nevertheless, they believe that supply will likely fall behind the demand generated by these infrastructure projects in the years ahead.”

As for the implementation of the new accounting standard, Lee said: “Surprisingly, banks are guiding that the impact of IFRS9 could be muted, with several guiding that there would be no impact to capital, with the likely usage of regulatory reserves.”

“Banks that have not disclosed any IFRS9 guidance have their systems in place and are currently doing back testing,” Lee added.

http://www.theedgemarkets.com/article/resistance-nube-key-reason-ammbrhb-merger-failure-says-deutsche-bank

Agree, Ilogical.