Posted by sheep > 2014-06-09 00:02 | Report Abuse

monday still down. shud reach 0.175 by next week.

Posted by sheep > 2014-06-09 00:09 | Report Abuse

Published: Thursday March 6, 2014 MYT 12:00:00 AM
Updated: Thursday March 6, 2014 MYT 6:59:51 AM
Newly-appointed Chai hopes to make impact at Astral Supreme

BY INTAN FARHANA ZAINUL

PETALING JAYA: Newly-appointed executive director of Astral Supreme Bhd Datuk Eddie Chai Woon Chet has denied he has any shares in the company but lays out plans to turn around the company with a focus on construction activities.

“I don’t have any stake in Astral Supreme, I was invited by board members to come in,” he told a press conference called by the company.

The company announced five board changes yesterday and, following a special board meeting, it even retracted one resignation.

Earlier yesterday, Astral Supreme said its executive director, Cherng Chin Guan, had resigned from its board. However the company subsequently said that Cherng “has confirmed to the board that he has not tendered his resignation.”

Astral Supreme said the earlier announcement was erroneous and that the board of directors “would like to make an apology for any confusion or inconvenience caused.”

Other changes included the resignation of Ong Tai Chin as non-executive director. Ong, who ceased to be a substantial shareholder of Astral Supreme last month, was the company’s former managing director.

At the moment, the managing director position in the company was still vacant, Chai said.

Another new director to the company is Wong Kwai Wah, who is an executive director of Consortium Zenith BUCG Sdn Bhd, the company that is reportedly the developer of the proposed RM6.3bil undersea tunnel in Penang.

Chai, the son of Sabah timber tycoon Tan Sri Chai Kin Kong, said Astral Supreme’s construction unit had been invited to submit a tender for a RM600mil project by the government under the latter’s Project Perumahaan Rakyat (PPR) plans.

He added that the company was confident of winning the project.

“We have a short deadline to submit our tender, and we are confident of turning around the company via the construction arm,” he said.

Chai said the project would entail the construction of 40,000 units of apartments in Sabah, Malacca, Kelantan and Johor.

It isn’t clear on what basis Astral Supreme has been identified by the Government for this PPR project.

But last August its construction unit, Astral Supreme Construction Sdn Bhd teamed up with Zenith PMC Sdn Bhd to manage, perform and carry out feasibility studies and detailed designs for certain roadworks and the undersea tunnel between Penang island and Seberang Prai.

Astral Supreme reported a net loss of RM10.1mil for its year ended Dec 31, 2013. The company’s main business is in electronic component manufacturing.

Chai made news earlier this year when he surfaced in telecommunications company XOX Bhd. He was made managing director of XOX in January and one report speculated that the Chai family had gained control of the loss-making XOX.

Posted by Enchow Oi > 2014-06-10 12:20 | Report Abuse

new team clean up the mess for yr 2013, start 2014 afresh with + earnings.

Posted by Eskay > 2014-06-10 20:44 | Report Abuse

Now is accumulation time

Posted by John_Revolver > 2014-06-10 20:47 | Report Abuse

Why would anyone want to buy this counter?

Posted by Eskay > 2014-06-10 20:49 | Report Abuse

Because it will go up

Posted by sleepybryan > 2014-06-11 00:16 | Report Abuse

even with the 600 million possible contract the eps doesnt look so good at current price?

Posted by Enchow Oi > 2014-06-12 08:56 | Report Abuse

slow n steady, this is how this counter work. 0.08 cent is history, positive news n results will follow.

Posted by sleepybryan > 2014-06-12 10:02 | Report Abuse

the problem is what other excitement is there besides the 600 million housing contract? if it is only that then at current market price it is expensive

Posted by Enchow Oi > 2014-06-12 20:52 | Report Abuse

using 8% on 600m contract (base on earlier profit margin assumption) the return will be 48m, quite huge profit.

Posted by sleepybryan > 2014-06-15 14:04 | Report Abuse

divided by share cap is only around 1.7 cents so there needs to be something more otherwise nothing much to shout

Posted by SK Lee > 2014-06-15 18:48 | Report Abuse

I do agree with sleepybryan

Posted by sampool > 2014-06-15 19:09 | Report Abuse

this ctr... need to keep for long term.

Posted by SK Lee > 2014-06-16 08:28 | Report Abuse

At RM0.135, the downward risk is minimal as compared to the potential uptrend ....... As long as the new management brings in more projects and well manage this company going forward, the value will go up

Posted by josephjm > 2014-06-16 20:10 | Report Abuse

so slow to go up...

Posted by Enchow Oi > 2014-06-17 12:29 | Report Abuse

in local sh market particular the penny stock, performance sometime carry little weight with no gurantee sh will go up. It is perception of good news and more important goreng n goreng by syndicate timely help. just look around.

Posted by SK Lee > 2014-06-23 06:55 | Report Abuse

Will the recently ousted Dato Raymond Chan (from Harvest Court) do anything to increase his shareholding in Asuprem? He lost out to Dato Eddie Chai and gang in Harvest Court. If yes, then Asuprem will move up faster.......good money coming in ?

Posted by pap9163 > 2014-06-23 21:56 | Report Abuse

This counter need super magician to turn shit into gold!

Posted by sampool > 2014-06-24 11:12 | Report Abuse

next year hot counter maybe....

Posted by Tora Tora > 2014-07-01 16:21 | Report Abuse

go..go..go.. asuprem

Posted by SK Lee > 2014-07-17 09:28 | Report Abuse

Looks like coming already....volume building up and price also slowly inching up .....

Posted by SK Lee > 2014-07-17 09:29 | Report Abuse

Been stabilizing at rm0.135 level for a long time

Posted by Share It > 2014-07-17 09:34 | Report Abuse

hope can close at 0.16 today :)

Posted by Winson Chong > 2014-07-17 10:03 | Report Abuse

Accumulate and just slowly wait this ctr to recover....high margin to go still

Posted by sampool > 2014-07-17 11:09 | Report Abuse

put $$$ in this ctr better then fd.. return higher. ;)

Posted by 0008 > 2014-07-17 13:16 | Report Abuse

Sklee , dato Raymond chan is asuprem shareholder ?
When and how may share he own ?

Posted by stainlyho37 > 2014-07-17 15:47 | Report Abuse

the penang tunnel project ..news still on going...any of u heard also ??

Posted by stainlyho37 > 2014-07-17 15:49 | Report Abuse

u see... ppl buying in wa again...!!

Posted by liar2288 > 2014-07-17 16:25 | Report Abuse

When is the expired date for asuprem-wa? Y wb up wa no follow?

Posted by SK Lee > 2014-07-17 20:28 | Report Abuse

Hi 008, I was just making a wild guess since Raymond may wanna get back at Eddie by stirring up Asuprem. My broker did informed me that Raymond has started accumulating some Asuprem shares the past two weeks.

Posted by SK Lee > 2014-07-17 20:31 | Report Abuse

My friend told me this counter will start moving again after World Cup and he is right on the spot as this counter has been moving slowly the past three trading days from RM0.135 level. Next target will be retesting RM0.18 then RM0.22

Posted by Enchow Oi > 2014-07-17 21:14 | Report Abuse

told that this counter will move up slowly n steadily to higher level with past BOD rubbish flushed out. start a new route

Posted by 0008 > 2014-07-17 21:19 | Report Abuse

Sklee , r u sure Raymond chan start buy this counter ?

Posted by 0008 > 2014-07-17 21:59 | Report Abuse

Sklee , actualy dato chai just have 300,000 share only ,
Easy to kick him out from director board .

Posted by 0008 > 2014-07-17 22:51 | Report Abuse

If dato Raymond successful to kick dato chai from
The astral supreme bhd director board , than
Dato chai will feel Malu of loser

Posted by 4u2c > 2014-07-17 23:41 | Report Abuse

Dont get caught in between......this is dangerous conter ...

Posted by SK Lee > 2014-07-18 07:07 | Report Abuse

It is a cheap penny stock with good capital appreciation potential. I have a friend who is holding close to 1.4 mil shares and he is making RM14k for every 1 sen increase ..... Any tussle for control will enhance the value....so, it's a good and cheap bet.

Posted by sampool > 2014-07-18 08:35 | Report Abuse

haha.. let the bod collect the share... as long as up up.. n company got profits is ok. 1 yr tp: 0.30

Posted by 0008 > 2014-07-18 12:05 | Report Abuse

Sklee ,I dun think Raymond chan got buy this counter ,
I think your Reminser can't trust

Posted by 0008 > 2014-07-18 13:44 | Report Abuse

This counter will drop back to 0.13-0.135

Posted by Winson Chong > 2014-07-18 16:12 | Report Abuse

Market always got up and down.....any price below 0.16 from this ctr i think definitely is a good ctr to buy and keep

Posted by 0008 > 2014-07-18 19:46 | Report Abuse

Haha , yes , got many cheat information ,
play clever !

Posted by Bu Steven > 2014-07-22 21:35 | Report Abuse

Going to fly

Posted by SK Lee > 2014-07-22 23:20 | Report Abuse

Eddie chai good buddy, Kenneth vun is being charged by SC for securities violation relating to DVM in 2006

Posted by dniap > 2014-07-25 14:59 | Report Abuse

Keeping this for a rainy day. See u at 0.18 next month :)

Posted by sheep > 2014-07-26 00:02 | Report Abuse

Bad news. Mou with zenith gone. Next week limit down

Posted by sampool > 2014-07-26 10:43 | Report Abuse

zenith project won effect to as, the profit to as i think not much...

Posted by Bu Steven > 2014-07-26 13:34 | Report Abuse

Zenith project no profitable business maybe lost money so is good not to jv

Posted by Bu Steven > 2014-07-26 13:37 | Report Abuse

Now the project at Klang will make money we can see in this quarter financial report

Posted by Bu Steven > 2014-07-26 15:06 | Report Abuse

Two years project