Yes, Sungai Wang is going to have major renovation works done to try and compete with other malls in KL.

PE still single digit...potential still there.

KUALA LUMPUR: Star Media Group Bhd’s board of directors has given the green light for the sale of its 52.5% stake in the Singapore-listed Cityneon Holdings Ltd — a unit that is currently contributing about one-third of its revenue, according to sources familiar with the matter.

The stake sale will enable Star Media to unlock the value of its investment in the republic. The deal is expected to bring in more than RM350 million to the media group’s cash coffers, which stood at RM500 million as at Dec 31, 2016. Its borrowings were RM201.7 million.

“Star Media will see its coffers rise more than RM350 million if the deal goes through. It will take decades to earn that kind of money,” said a source from Singapore.

Last week, Star Media announced that its wholly-owned subsidiary Laviani Pte Ltd had received a notification from Bird & Bird ATMD LLP, a legal firm in Singapore expressing its client’s interest to purchase Laviani’s entire equity interest in Cityneon.

Cityneon has been one of the key contributors to Star Media’s revenue since the financial year ended Dec 31, 2015 (FY15) as the print media segment faces declining advertising revenue. The investment is seen as a wise move to diversify its earnings portfolio.

Cityneon contributed 32.2% and 25.2% of the group’s revenue and earnings before interest and tax respectively in FY16.

The stake sale may raise questions about the group’s earnings growth moving forward, some quarters said.

The company in Singapore owns the exclusive global intellectual property rights to Avengers Station and Transformers Experience, which have been a major driver of Star Media’s bottom-line growth.

Star Media shares closed unchanged at RM2.52 yesterday, with a market capitalisation of RM1.86 billion.

http://www.theedgemarkets.com/article/star-board-gives-green-light-sale-stake-cityneon-%E2%80%94-sources

PE still low at less than 7, still got room to grow.

When is the ex-date to qualify for the capital repayment?

52 week high was 0.675, so u think leh?

KUALA LUMPUR (March 7): Bumi Armada Bhd shares fell in active trade this morning after the termination of FPSO Armada Claire 4-year contract.

At 9.05am, Armada lost 15.5 sen with 14.33 million shares done.

Kenanag IB Research said following the termination of FPSO Armada Claire 4-year contract expiring in 2018, by its client Woodside Petroleum, which was announced last Friday, puts to question the sustainability of all its existing FPSO contracts as well as the four other upcoming ones which are soon to sail away by July this year.

“We downgrade the stock to Underperform from Outperform with lower target price of 80 sen from RM1.17 previously,” it said.

Why TA Securities maintain Sell at 2.15???

When it rains, everyone gets wet.

Yes, after tax.

Just received 2 sen div per share today :)

KB looks like a big fish haha

huat arr

i'm not greedy, hit my TP, will cabut...enjoy guys...

hurray, another round of capital repayment

I'm buying in....

Sold all....>20% returns (excluding the dividends)...time to move along.

http://www.theedgemarkets.com/my/article/insider-asia%E2%80%99s-stock-day-kim-loong-resources-bhd-0

received 12 sen div per share today

PE still too high.....

"The stock currently trades 10% below book value of 45 sen per share and a trailing 12 month P/E of 13.3 times." TheEdgeDigital

As long as emperor bijan in power...keep dropping.

hurray because it means opportunity to buy at low. just monitor the market situation because when it rains, everyone gets wet, even when the stock is fundamentally good.

finally below 1.00...... hurray.

I've made money from RCECAP several times already, though at times the movement may be rather stagnant, but it's sure win if you bought at a low price.

http://www.theedgemarkets.com/my/article/kim-loong-foresees-higher-dividends

what's the reason for the losses?

KMLOONG is listed as the No.1 in the Top 10 dividend counters in the latest issue of TheEdge Weekly

Plantation company Kim Loong Resources Bhd ( Financial Dashboard) saw its net profit drop 31% to RM13.73 million or 4.42 sen per share for the fourth quarter ended Jan 31, 2015, from RM19.84 million or 6.42 sen per share a year earlier, on lower revenue from its plantation operations.

Revenue for the quarter fell 8% to RM181.21 million, from RM197.33 million a year earlier, the group’s filing to Bursa Malaysia today showed.

It also declared a final single-tier dividend of 6 sen per share in respect of the year ended Jan 31, 2015, to be paid on Aug 28, 2015.

“The lower revenue and profit for the current quarter, as compared to the corresponding quarter last year, was mainly due to lower production and FFB (fresh fruit bunch) price by 10% and 12% respectively. The low production in the current quarter was broadly in line with production trend nationwide,” said Kim Loong.

Its palm oil milling operations also saw a fall in profit and revenue for the quarter.

Looks like going to become penny stock.

Depends on your objectives. If for dividends, I think is still a decent buy.

Possibly....

Woot...1.50

Already took profit. Might re-enter when I feel the time is right :)

Ammar Roshidy, when you say smart people working there but not a long term investment co, you sounded very cynical or sarcastic..lol.

Hmm...but KLSE filing on Feb 26 shows EPF bought back > 2 mil shares of ARMADA.

http://www.kimloong.com.my/page/activities/index.asp Mostly in Sabah, Sarawak & Johor.

What a sad counter

Takeover by?

What's happening?

That's why it's called hidden gem :)

http://www.thestar.com.my/Business/Business-News/2014/12/16/Bumi-Armada-to-be-taken-private-again/?style=biz

ah...so simon333 and martin55 and CBC is the same person lol.

simon333 and martin555 is the same person? lol

It was in TheEdge Daily today (you can subscribe the softcopy for free). See here: http://www.theedgemarkets.com/my and look for the InsiderAsia stock of the day.

InsiderAsia picked KMLOONG today

MIDF gives TP of 1.69

How much lower can it go? Hmmm...

Sounds like need merger news to prop up the volume.

Logic sikit lah....limit up is 30%....how can limit up to 0.50 today?