Posted by kerengga > 2013-09-06 07:15 | Report Abuse

Vinvin...the co. Is looking some cash to fund their project.. Its look like they are in the midst on project negotiation.. FYI..this company project mostly from the govt. sector..hehe

Posted by vinvin > 2013-09-06 08:20 | Report Abuse

Tq kerengga for ur informations.

Posted by kerengga > 2013-09-12 10:13 | Report Abuse

its coming!...=)

Posted by FAST_5 > 2013-09-12 10:42 | Report Abuse

buy buy buy buy.. good newss.....................

Posted by tcleng > 2013-09-12 10:47 | Report Abuse

Can share the good news.. looks like today push up the price, it seems sth to announce.

Posted by Bobby31 > 2013-09-12 12:44 | Report Abuse

what news ????? nothing in the paper ...anybody have insight the only thing they have in the card now is 1) Time Enginering Share(IF jadi>>>.KAstam Software upgrade with GST systeme / maintenance IT Contract expiring soon ) 2 ? Upgrade of all the software they have implemented for Government & BAnks

So what other news

Posted by 55880955 > 2013-09-12 15:53 | Report Abuse

0.475 is one of the upside targets.

Posted by Alex Chan > 2013-09-12 15:57 | Report Abuse

alive again.....did they get time eng? or pure speculation? look at the warrants ...so overpriced...goring to the sky

Posted by 55880955 > 2013-09-12 16:00 | Report Abuse

no idea,next target is 0.51

Posted by Bobby31 > 2013-09-12 16:01 | Report Abuse

COME ON BABE ELECTRIFY YOURSELF ...proof to the world you worth 0.61 ... people better chaser or watch it

Posted by eftee > 2013-09-12 16:21 | Report Abuse

Wah really can move. Thot dead already

Posted by FAST_5 > 2013-09-12 16:34 | Report Abuse

Good news.. up up up up ...

Posted by Bobby31 > 2013-09-12 16:36 | Report Abuse

GOG BABE GO BABE TOMORROW ANOTHER 10 CENT ...TO MAKE IT ANOTHER 3 CENT ROUND IT UP 10SEN BABE gogogogogogogogogogogogogogo

Posted by Bobby31 > 2013-09-12 16:36 | Report Abuse

push it ----push it babe

Posted by FAST_5 > 2013-09-12 16:47 | Report Abuse

yes... information is correct. waiting for announcement on friday or monday... its flying 2morow... insiders already bought since yesterday..

Posted by pathew > 2013-09-12 16:59 | Report Abuse

fast 5, apa cerita? gst ah?

Posted by OSWALD > 2013-09-12 17:33 | Report Abuse

70milli0n Time

Posted by Wesley Chan > 2013-09-12 17:39 | Report Abuse

News Update: http://www.theedgemalaysia.com/business-news/254421-update-khazanah-sells-time-eng-stake-to-censof-for-rm698m.html

Posted by ProfitMan > 2013-09-12 17:40 | Report Abuse

Price jumped 8 sen. Still ok to go in tomorrow?

Posted by Alex Chan > 2013-09-12 18:05 | Report Abuse

news out

Posted by eftee > 2013-09-12 18:09 | Report Abuse

What can it do with Time? Can someone pls tell

Posted by Bobby31 > 2013-09-12 18:51 | Report Abuse

Tomorrow hopefully another RM 010. They buy Time at RM0.20 current time is RM 0.29

Business News

Home > Business > Business News

Published: Thursday September 12, 2013 MYT 5:27:00 PM
Updated: Thursday September 12, 2013 MYT 5:47:19 PM

Khazanah Nasional sells 45.03% of Time Engineering to
KUALA LUMPUR: Khazanah Nasional Bhd has divested its entire equity interest of 45.03% in TIME Engineering Berhad to Censof Holdings Bhd at 20 sen per share for RM69.8mil cash.

Khazanah said the decision was made following an extensive tender process to select a suitable new shareholder.

The divestment price was determined based on the fundamentals of TIME, reflecting the remaining concession period with the Royal Malaysian Customs Department up to September 2014 by TIME’s majority-owned subsidiary, Dagang Net Technologies Sdn Bhd (DNT), and two other subsidiaries which are operating at a loss.

It said the divestment involved a three-stage tender process through which a group of bidders were selected at each stage based on a set of evaluation criteria – price and business plan for TIME, financial track record, and experience in information and communication technology.

“Censof was selected out of the 10 interested parties based on the merit of its overall bid and a defined strategy in line with our divestment objectives for TEB, following a transparent and stringent tender process presided by an independent evaluation panel,” said Khazanah’s MD Tan Sri Azman Mokhtar.

“We believe that Censof brings with it the strong entrepreneurship and business acumen, as well as management capabilities, leadership, and the technical and financial capabilities that can take TIME to the next level of performance,” he added.

TIME’s main business is providing solutions for e-commerce, cyber security and integrated intelligent infrastructure. It ended the first half of its 2013 financial year with an earnings (before interests, tax, depreciation and amortisation) of RM14mil and pre-tax profit of RM7.08mil, while net assets stood at 11 sen per share.

The divestment is pursuant to the initiative announced by Prime Minister Datuk Sri Mohd Najib Tun Razak on Feb 9, 2012, that Khazanah and Permodalan Nasional Bhd would divest a total of 10 non-core assets to Bumiputera companies.

TIME is one of the five non-core assets identified by Khazanah for divestment under the TERAJU initiative and is the fourth company to be divested under this initiative. The divestment of STLR Sdn Bhd was successfully completed earlier this year.

Between 2004 and 2012, Khazanah divested a total of 55 assets and companies valued at RM35.7bil, with some of the assets being Proton Holdings Berhad, Pos Malaysia Berhad and Time dotcom Berhad. The divestment of TIME is the 57th divestment made by Khazanah since the start of its transformation programme in May 2004. In total, the divestments have generated gains of RM16.3bil.

Posted by OSWALD > 2013-09-12 18:59 | Report Abuse

yA hopefully - timing not right though with QE and Monday holiday

Posted by jkhoo188 > 2013-09-12 22:32 | Report Abuse

this is interesting issue as Censof is buying TEB at a forward PE of 10x, much cheaper then their own valuation. Dagang net, the star subsidiary of TEB with concession over Royal Custom of Malaysia may gain further with the implementation of GST.

Posted by Abudance > 2013-09-13 08:17 | Report Abuse

Why VDNDOF buy TIMD? Is Crndof go t linked to get IT projects?

Posted by FAST_5 > 2013-09-13 09:30 | Report Abuse

buy buy buy... gonna shoot up

Posted by Retired > 2013-09-13 09:35 | Report Abuse

Why its going down? Good news pun boleh jatuh ka..

Posted by iwan1991 > 2013-09-13 09:45 | Report Abuse

what TP

Posted by iwan1991 > 2013-09-13 09:46 | Report Abuse

someone collecting at 470

Posted by mysterious99 > 2013-09-13 09:51 | Report Abuse

agree.... passion is virtue...

Posted by Bobby31 > 2013-09-13 10:23 | Report Abuse

you are right they have summited the bidding process Tender for custom extension
First they drop the price to let somebody to collect ...than it goes up now it going down back for the same person to collect. Probably sold to us at .48 now let it drop create panic selling while they busy collect .....stop panicking people halt the transaction increase selling price all seller please

Posted by mysterious99 > 2013-09-13 10:26 | Report Abuse

Censof finally bagged the 45.03% stake in Time Engineering (“TEB”) held by Khazanah. Censof has entered into a conditional share sale and purchase agreement with Khazanah to acquire the latter’s 45.03% stake in TEB for a cash consideration of RM69.82m (or RM0.20/TEB share), subject to the approvals from Bursa Malaysia and Securities Commission Malaysia. Upon completion of the proposed acquisition, Censof will emerge as the new controlling shareholder in TEB and thus will be obliged to extend a conditional MGO (with the conditional acceptance of >50% of the total voting shares of TEB) to other TEB shareholders for a cash offer price of RM0.20/share.

Posted by kerengga > 2013-09-13 10:30 | Report Abuse

down is good..other market also down yesterday..just hold tight and accumulate more...=)

Posted by 5004100138 > 2013-09-13 10:31 | Report Abuse

Sell below market price? Let Censor to make money by selling TEB share later? So good offer.

Posted by Alex Chan > 2013-09-13 10:34 | Report Abuse

goring fail..back to 45

Posted by ProfitMan > 2013-09-13 11:31 | Report Abuse

Market will be weak today. Long weekend, uncertainties on Syrian crisis remains and Fed Reserve meeting next week. If tit drops further, might be buying opportunities.

Posted by iwan1991 > 2013-09-13 11:35 | Report Abuse

going up again??

Posted by TESSA > 2013-09-13 11:49 | Report Abuse

http://www.theedgemalaysia.com/business-news/254520-kenanga-raises-censofs-tp-to-88-sen-on-teb-acquisition-news.html

Posted by Jerry > 2013-09-13 12:51 | Report Abuse

den you buy those got bad news de loh

Posted by Lim AS > 2013-09-13 13:30 | Report Abuse

if analyst's prediction r correct , they would have made tons of $ ? How come they r still analysts? Do u believe what they r talking?

Posted by Jerry > 2013-09-13 13:35 | Report Abuse

no lah, Lim AS's analysis is the most accurate in malaysia. I believe ranking around 2-3 in the world

Posted by Lim AS > 2013-09-13 13:41 | Report Abuse

oh I see , may be I m not as sensitive n knowledgeable as the others . I m holding to my principles that when market crumbles is the best time to source good shares but yo yo market rt now is good for short kill whenever possible . Not advisable to hold any shares for long term...latest US market gain come to a stop , so what happens?

Posted by Jerry > 2013-09-13 13:57 | Report Abuse

continues gained 7 days in a row... a lil drop means nothing.

Posted by ProfitMan > 2013-09-13 17:01 | Report Abuse

Lim AS is right. Your principles are most practical and it works. I used to trade on fundamentals and technical analysis but the least complicated way is the best. Don't buy on news and take analysts' comments with a pinch of salt only. If they are such good predictor, they won't be commenting but making tons of money.

Censof at the current price is still reasonable.

Posted by Alex Chan > 2013-09-13 17:11 | Report Abuse

depends on what you call reasonable...PE 30?

Posted by ProfitMan > 2013-09-13 17:25 | Report Abuse

Is PE 30 the current PE or the forward PE after the Time deal?

Posted by Alex Chan > 2013-09-13 18:50 | Report Abuse

current...time eng has not made any profit past few years...only this year half 7 mil...remains to be seen...prudent take

Posted by ryan7642 > 2013-09-13 18:59 | Report Abuse

omg take over 45% stake with discounted price (ard 25%) from current 0.275+ wat a sweet deal to censoft untung besar lo lolll..

Posted by ProfitMan > 2013-09-13 19:43 | Report Abuse

Fair comment, Alex. As I understand, Censof has a lot of govt contracts. But, yes, prudence is the key under current market environment.

Posted by 4u2c > 2013-09-14 11:27 | Report Abuse

Yes, US market are at near high just like us.......Can it still go up ? that is the million dollar question................difficult to tell....