I am clearing some at 0.450... Thank you Cuscapi.

warrant is only 18% premium now. Very tempting to buy...

Wondering hows the warrant doing? Looks interesting to buy the warrant now.

0.450 the newest resistance, once broken... 0.520 coming!

We refer to the announcements dated 10 October 2017 and 31 October 2017(“Announcements”).

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

The Board wishes to announce that the Subscription Agreements were entered by Cuscapi with the 4 investors independently and the agreement are not inter-conditional to one another.

Subsequently, UQS, being the largest investor express concerned over the issuance of additioan shares to the other 3 investors.

After engagement with UQS, Cuscapi held discussions with the other 3 investors who agreed to mutually terminate their respective subscription agreements with Cuscapi.

As a result of the above, the total gross proceed from the propose issuance will be reduced from RM79.8 million to RM53.2 million. The revised utilization of proceeds will be as follow:-

Working capital RM 6,000,000 Within one year

Business expansion RM46,500,000 Within two years

Estimated expenses RM 700,000 Within one year

This announcement is dated 2 November 2017.

huat lo BJCORP today!

Tomorrow gap up!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5590305

Lim Hooi Teik BUY & SELL on the same day.

cross 0.500 baru masuk la.

Yeah. The resistance is very strong.

0.500 very tough still...

0.500 very tough to cross still!

KWAP buying again..

Q result out Nov. Let's see if they can turn around this quater.

This left UQS (Datuk Jaya) (Eforce/MyEg related) the only one subscribing into Cuscapi. Good news what, lesser share to be issued since the 3 above terminated the agreement!

Cross 0.500 baru set next TP la.

Don't simply say limit up la... Limit up means up 30sen Max in a single day. Cuscapi wor.. Can mou?

Rm3 in the making liao...

Hoooohooooohooooohooooo

0.350 barrier very very tough to break!!

finally...

TheStar Sat, Oct 28, 2017 - 16 hours ago


AS part of efforts to enhance efficiency in collecting revenue, the Royal Malaysian Customs Department has identified 14,578 tax evasion offences between April 2015 and July 2017 as a result of non-compliance with the Goods and Services Tax (GST).

Of this, a total of 2,097 cases were prosecuted with 928 cases imposed with fines, the Government said in the Economic Report 2017/2018. To enhance compliance and optimise resources in administering the GST, the GST Electronic Information System was introduced from July this year.

The pilot project involves 1,000 selected business premises in Kuala Lumpur and Selangor. The aim of the system is to ensure that GST declarations by businesses are consistent with their sales, it said. The system involved the installation of a device at every point of sales for cash register machines located at business premises to capture and transmit real-time information on supplies transacted.

Up until the end of September this year, 454,609 business entities have registered under the GST with 34.2% of the registrants coming from the wholesale, retail trade, repair of motor vehicles and motorcycles sector. Construction made up 17.7% of registrants and manufacturing made up 12.4%.

The Government said in order to be consistent with global best practices, the GST has been scrapped since July 1 for prescribed services supplied to overseas customers in connection with goods for export; prescribed services supplied to overseas customers in free zones including licensed manufacturing warehouses; research and development services provided to overseas customers and; non-recurring engineering expenses including expenditures on tools and machinery used in the manufacturing process of goods.

Also, effective from the same date, claims on warranty repairs made by distributors to overseas manufacturers will be considered as cost recovery and not subject to the GST.

tmrw budget maybe got some kangtao from Najib for MyEg!

KUALA LUMPUR: ES Ceramics Technology Bhd, which reported its first drop in annual net profit in six years for its financial year ended May 31, 2017 (FY17), is looking at developing new ceramic formers for other dipping industries to reduce its reliance on the glove-making market.

“We want to further diversify our portfolio to include complementary new products within the dipping industry,” its chief executive officer Wong Fook Lin told reporters after the group’s annual general meeting yesterday.

This came amid declining utilisation in ES Ceramics’ Thai factory, said Wong, who did not provide an exact percentage but said that it is “rather low” at the moment.

The decline, he said, is in tandem with the decline in the group’s order book over the last few months. “Price competition among glove producers is stiff in the marketplace today. Some of our customers have taken a stand not to participate in the price war and, hence, [they] lose out on sales.”

“Their clients are also taking a wait-and-see approach [on prices before placing new orders]. All these pose an environment that is very difficult for us to operate in,” he added.

ES Ceramics saw its net profit drop 28.8% year-on-year (y-o-y) to RM6.33 million in FY17, despite revenue rising 11.06% to RM33.27 million. It attributed the lower profit margin to higher energy and material costs, as well as more competitive pricing of its products.

While emphasising that the global market demand for rubber gloves has seen single-digit growth y-o-y over the last few years, Wong is not expecting a significant rebound in the group’s performance for FY18.

“It does not help that key glove makers have been expanding so aggressively over the years,” he said.

“There is a price competition because some players are hungry. Why? Maybe they have increased capacity, but utilisation has not caught up.

“The market environment will be challenging, [at least] until all this excess capacity is taken up or normalises,” he added.

On its part, ES Ceramics has diversified from producing moulds for different glove types — examination, household, industrial and specialty — to include breathing bags and balloons as well. Wong did not reveal the latest products that ES Ceramics is looking to include in its list, noting that discussion is still at its infancy stage.

“We are talking to local and overseas customers who are not alien to us,” said Wong. “While this may not significantly impact our top line, this may help improve our utilisation rate and thus margins.”

The ACE Market-listed company has put some plans on the back-burner such as its intention to diversify into product packaging or the chemical sector and its planned transfer to the Main Market as it tackles hiccups in the adoption of automation — a company agenda since 2015 — to reduce operating costs.

The real issue in implementing automation, Wong said, is human capital. “We do not have the advantage of some manufacturers who can purchase turnkey machinery [to adopt automation]. Our machinery needs to be modified and tested. For that, we need engineers.

“But some engineers are from fields that are relevant to our operations, and some are inexperienced. We have been hiring and firing, that has caused our staff costs to increase slightly, but that will stabilise when the right team is established to speed up the adoption,” he added.

“Right now, our factories are not applying automation at a significant level,” said Wong. The group is currently focusing on less critical parts of the manufacturing line to allow for more room for modifications.

“The first objective is to make sure automation can work before it is being applied across the board. Only then can we look at improving quality,” he said, without giving a timeline for the adoption to be meaningful to ES Ceramics’ financial performance.

As at end-FY17, the group’s cash and bank balances stood at RM23.69 million — up 8.96% from RM21.74 million in FY16 — with relatively no borrowings. On that note, Wong assured shareholders that the cash pile provides the company with much-needed flexibility to stand by for the aforementioned activities.

“When the need and opportunity arises, we can have an edge over our competitors if there is sufficient ammunition and room to gear up the company in order to take action,” he said.

this Mr.Lim Hooi Teik being actively buy sell buy sell for the past few months.

My entry price for this round is 0.285, sold with almost 45% profit gain. I am satisfied with the return thus far. Good luck traders!!

I am clearing position to lock in profit first!

Filling the gap of 0.410 soon. Maybe a nice rally tmrw.

lai liao...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5579349

additional listing at 2.330

Cuscapi
TheEdge Tue, Oct 24, 2017 - 1 hour ago


Cuscapi Bhd (+ve)
SHARES in technology solution provider Cuscapi Bhd (fundamental: 0.95/3, valuation: 0/3) triggered our momentum algorithm yesterday for the ninth time this year.

The stock closed half a sen or 1.47% higher at 34.5 sen, with a volume of 25.32 million shares, exceeding its 200-day average volume of 5,692,193 shares.

On Oct 10, Cuscapi proposed to issue 300 million new shares and 60 million new warrants to a group of investors, including veteran investor Tan Sri Koh Kin Lip, to raise up to RM79.8 million fresh capital. The new shares will be issued at 25 sen per share, with the warrants at eight sen each.

Of the RM79.8 million to be raised, RM70.1 million will be allocated for business expansion, according to its filing with Bursa Malaysia.

At the current share price, Cuscapi is trading at 5.75 times its book value.

directors are collecting slowly!

KESM u go promote there la! Here's is for Cuscapi players.

Not yet...

Esceram need to break 0.425 for a reversal uptrend, or else, most likely just a short technical rebound for the pre-Q result!

prudentinvestor... I see what you see too. M-Mode is time to refuel & go...

0.500 in the making now!

Banker chips increasing in scomnet, congrats Koi Koh & all other giraffes...

SHAH ALAM: Top Glove Corp Bhd will soon announce a major acquisition which will be around RM1bil, according to its chairman Tan Sri Lim Wee Chai.

“It is something good and we are 99% sure it’s in hand. We’ll announce it within the month,” he said at a press and analyst briefing at the company’s headquarters here on Tuesday.

The company that will soon be acquired by Top Glove is based in Malaysia and also produces gloves such as surgical gloves.

Top Glove said it is capitalising on mergers and acquisitons to achieve double digit growth in it revenue every year.

Top glove won't acquire esceram la... Supermax has higher chances.

Q result out end of this month. Now got a bit of show. See if the result will turn green..

Yalo... I bought only warrant after clearing the mother. Tx goodluck99

M3 wa huat liao luuuu....

Efficient is refueling for Jack Ma visit next month.

Good luck Koi Koh

Sold at 0.290. Contra from 0.235....

this one sure win one la! I am buying more!

Contra already 10% plus. Thanks again scomnet.

Gogogogo scomnet

Loss still until the last Q... Wait next Q!