http://www.bursamalaysia.com/market/listed-companies/company-announcements/5110013

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5109097

Why the revenue is so small and still losses?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5103393

2 quarters make profit.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5099645

Reference is made to the Company’s announcements dated 8 July 2015, 9 July 2015, 19 February 2016, 11 March 2016, 7 April 2016 and 8 April 2016 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the Board has on 23 May 2016 fixed the issue price for 86,671,000 Placement Shares at RM0.05 each.

This issue price represents a premium of approximately 24.38% to the five (5)-day volume weighted average market price of the ABT Shares up to and including 20 May 2016 of RM0.0402.

This announcement is dated 23 May 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5095129

Why this company has so many litigations?

This company's Bursa Msia announcement are mostly litigation by lenders/creditors for the past 1 year but no mention of plan to clear its debts.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5070565

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5064465

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5064561

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5064821

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5020557

http://www.theborneopost.com/2016/02/29/gold-prices-to-continue-upward-trend-experts/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5009857

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5007801

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5003933

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5000469

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4999525

http://www.theedgemarkets.com/my/article/sc-reprimands-xox-founders-and-aminvestment-bank-unrealistic-profit-forecasts?utm_source=dlvr.it&utm_medium=facebook

http://www.theedgemarkets.com/my/article/sumatec-seeks-financing-gas-pipeline-construction-kazakhstan

http://www.theborneopost.com/2016/01/28/brighter-prospects-for-gold-in-2016-prices-set-to-recover/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4981493

The Proposed Par Value Reduction will result in the elimination of the accumulated losses of ABT at the Company level. The excess after such elimination shall be transferred to the retained earnings account of the Company, which may be utilised in such manner as the Board deems fit and as permitted by relevant and applicable laws in Malaysia and the Articles of Association of ABT such as paying up unissued shares to be issued to the shareholders of ABT, distributed as dividends and/or set-off against accumulated losses in the future, if any.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4980317

Bornoil latest news!

http://www.theborneopost.com/2016/01/19/bornoil-continues-to-see-gold-inventory-rising/

LABUAN: Borneo Oil Berhad (BornOil) is fast reinventing itself as a proxy for Malaysia’s gold industry.

In an announcement to Bursa Malaysia, the company said that its gold inventory currently stands at some 11,898 ounce (or 370 kg).

Based on gold price per ounce of US$1,090 (RM4.43 per dollar), this then translates into an inventory valued at approximately US$12,97 million or RM57.45 million.

As at last Friday, BornOil issued capital stands at some 2.924 billion shares, giving rise to less than two sen per gold backing.

“Our goal is to further increase our gold backing per share,” said BornOil executive director Raymond Teo.

“We are optimistic that gold prices would soon be heading upwards.”

CNN reported last week that one of US’ top money managers has predicted that gold prices would spike.

Gold would spike to US$1,400 an ounce, according to Jeff Gundlach, the CEO of big bond house DoubleLine Capital, giving rise to a gain of about 30 per cent from gold’s current price of US$1,090.

Gundlach thinks gold recently hit a bottom.

It has been rallying since the beginning of the year as investors look for safe havens in the stock market sell-off, reported CNN.

Lately, Gundlach’s predictions have been spot on, CNN further reported.

He was one of the first to predict the sharp oil price crash in the fall of 2014 and then the junk bond turbulence of 2015.

Gundlach believed that global problems would probably cause gold to rally, especially in emerging markets. At BornOil’s end, Teo said that the company’s entry into gold-mining last year couldn’t have been better timed.

“With the weakening ringgit, the exchange rate has worked in our favour as direct cost of production has gone down (since production is incurred in Ringgit).”

To date, BornOil had signed exclusive production sharing agreements to carry out mining works at five sites on 1,500ha in Pahang.

These mining arrangements do not carry any acquisition cost as infrastructure and development facilities were already in place.

“As a result, BornOil saved on a great deal of capital expenditure in terms of infrastructure and pre-mining preparations,” said Teo. — Bernama


Read more: http://www.theborneopost.com/2016/01/19/bornoil-continues-to-see-gold-inventory-rising/#ixzz3xe7AwKnj

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4978809

Mr & Mrs Koon have their points and views on letters written by the applicants.

Instead of sharing their letters in public/blog (although their personal detail is masked, they may be demoralised by public comments/views), suggest to reply them individually with your wise advice. Although they may not get your scholarship, they are blessed by your moral support and encouragement as they believed you are a person of Wisdom.

God Blessed you and family with wisdom and good health.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4977093

bought back 4 mil shares today!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4975637

Yesterday, bought back another 1.0 mil shares. Total 5.2% in treasury shares, at least stabilise or support the share price unlike many counters drop badly.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4973093

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4974281

Last 2 days, buy back another 21,240,000 shares. Now with total 5.17% in treasury shares is large sum.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4972345

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4970729

Guess the stock is undervalue, it keeps buy back almost everyday...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4970001

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4966289

As at Christmas eve 2015, since recent right issue exercise Bornoil bought back 123.5 mil shares represent about 4.3% of its issued shares. keep it up Bornoil...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4966289

http://www.theedgemarkets.com/my/article/sumatecs-ex-md-returns-helm-firm

LATEST NEWS, CORPORATE
Sumatec's ex-MD returns to helm the firm

KUALA LUMPUR (Dec 30): Sumatec Resources Bhd's non-executive director Chan Yok Peng has been re-designated as the managing director (MD) of the company effective Jan 4, 2016.

In a filing with Bursa Malaysia today, Sumatec said Chan, 64, was the MD of the company from 2003 to 2013 and redesignated to his current post in 2013.

He started his career as a project engineer with Jurong Engineering Pte Ltd (Singapore) and later jointed the Federal Land Development Authority as an assistant mill manager before joining Esso Production Malaysia Incorporated in 1980.

Chan was involved in the construction of the RM650 million Esso Terengganu Crude Oil Terminal including the supervision of pipe coating and laying of 123 miles of 24-inch submarine pipeline from offshore Tapis Pumping Platform to Kerteh, Terengganu.

He later joined Tenaga Waja Sdn Bhd, a joint-venture of Wah Chang International of Singapore and a Malaysian bumiputra businessman, before starting his own business via Sumatec Corp Sdn Bhd in 1985.

Chan currently holds an indirect 2.08% stake in Sumatec.

In a separate filing, Sumatec said its chief executive officer Christopher Layton Dalton, 41, has resigned, following the expiry of his employment contract.

Prior to his appointment to Sumatec, he had served 16 years in the oil and gas industry with Halliburton.

Sumatec said Dalton, which owns 0.57% shares in Sumatec, has consented to be a consultant to the company to offer his service whenever needed.

Sumatec shares closed unchanged at 12.5 sen today, bringing a market capitalisation of RM437.63 million.

http://www.theborneopost.com/2015/12/30/borneo-oil-records-stellar-3qfy16/


Borneo Oil Bhd’s (Borneo Oil) earnings in the third quarter of financial year 2016 (3QFY16) jumped more than three times to RM5.26 million from RM1.47 million recorded in 3QFY15 ended October 2014.

At the same time, Borneo Oil said 3QFY16 revenue increased by 13.2 per cent year-on-year (y-o-y) to RM23.96 million from RM21.16 million.

The company in its accounts notes filed with Bursa Malaysia yesterday said the higher revenue and profit were attributed to higher contribution from its fast food and franchise operation as well as mining, energy and related operations.

“Our fast food division continue stoper form remarkably well. In addition to the contribution from our existing fast food SugarBun outlets, the opening of our new Pezzo pizza franchise chain has further contributed to the overall turnover,” said executive director Raymond Teo.

“The mining, energy & related division also performed well and we are pleased that all our revenue engines are beginning to fire on all cylinders,” he added.

“We target to finish the current financial year on a high and believe that 2015 shall mark the start of bigger things to come for Borneo Oil,” Teo further said.

Borneo Oil’s wholly-owned subsidiary SB Supply Logistics Sdn Bhd is the master licensee for the Pezzo pizza franchise.

“The expansion of the Pezzo network in has been faster than initially anticipated as a total of 32 kiosks are currently in operations,” said Teo.

“This has doubled our initial internal target of 15 kiosks and we now have plans to expand to neighbouring Pontianak, west Kalimantan and Brunei as well as in Peninsular Malaysia.”

“Our plan is to open another 65 outlets next year, including 40 in East Malaysia, 20 in Peninsular Malaysia, three in Brunei and two in west Kalimantan,” Teo further said.

The group noted the contribution from its existing fast food outlets, the opening of new Pezzo franchise chain has further contributed to the overall turnover.

Meanwhile, another subsidiary, SB Franchise Management Sdn Bhd, owns 83 franchised SugarBun restaurants in Malaysia and overseas with plans to open another 20 outlets both domestically and overseas in Sabah, West Malaysia, Australia, Solomon Islands, Myanmar and Cambodia.

Teo also said that Borneo Oil are also working to launch one or two new brands in 2016 to further expand the group’s F&B business reach.

On the group’s mining activities, Teo said that Borneo Oil “is fast reinventing our company as a proxy for the Malaysian gold mining industry.”

To date, Borneo Oil had signed exclusive production sharing agreements to carry out mining works at five sites on 1,500ha in Pahang.

Borneo Oil said its mining, energy and related division also performed satisfactory while other divisions’ performance was within expectations.

For the nine months of financial year 2016 (9MFY16) ended October 2015, Borneo Oil said turnover gained by 85 per cent y-o-y to RM89.77 million from RM48.55 million generated in 9MFY15.

The company added net profit for 9MFY16 soared by 275 per cent y-o-y to RM8.68 million from RM2.32 million in 9MFY15.

Commenting on the group’s prospects, Borneo Oil said the board is optimistic of better performances and contribution from the group’s various divisions and operations.

The company believed that with the recent successful completion of the rights issue cum warrant exercise, Borneo Oil will have the required funds and working capital for utilisation in expanding the existing business including the implementation of new projects as planned.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4960577

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4956001

Buy back 2.035 million shares in single day is not a small numbers. Getting interesting..

http://www.thestar.com.my/business/business-news/2015/12/21/borneo-oil-expanding-fastfood-operations/?style=biz

Bornoil biz is expanding.

More positive sign...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4954413

Positive sign.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4952905

Positive sign.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4947145

http://klse.i3investor.com/blogs/koonyewyinblog/87671.jsp

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4943153

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4943153

and who own Victoria Capital Sdn Bhd the new major shareholders of Bornoil?

who is the shareholders of Victoria Limited?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4940657

Appointment of prominent figure on board of the company. Good sign.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4938757

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4936869