Posted by rlch > 2013-03-14 21:58 | Report Abuse

NTA RM3.63, EPS 8.61sen. Why share price not moving?

Posted by rlch > 2013-03-14 22:38 | Report Abuse

Can someone takeover this company and sell the land the company possess? Dividend yield given in Star is 9.4%. Why nobody notice?

Posted by rlch > 2013-03-16 13:15 | Report Abuse

In order to maximise value for shareholders PW should consider to sell land which has appreciated substantially and exit poultry business eg in Penang mainland. Have JV with other property developers(Tambun, Asas Dunia, etc) to develop the said land.

Posted by rlch > 2013-03-26 21:21 | Report Abuse

First announcement of director open market purchase after recent revaluation of properties. Many buyers but few sellers stock.

Posted by pyramidpoh > 2013-03-28 14:12 | Report Abuse

That must some reasons behind maybe they sell the land put in their own pockets.Our companies in Malaysia often do these deceiving act are so "black" and not transparent & accountable why ppl don't want to invest in property counters.

Posted by sasopi87 > 2013-04-16 20:23 | Report Abuse

any reason it move.........

Posted by rlch > 2013-04-16 22:06 | Report Abuse

Many possibilities eg privatisation, insider keep buying or even takeover. The jewel in PW is over 100 acres land in mainland Penang which will be very much sought after once Penang 2nd bridge is completed. Compare to NTA 3.63 still cheap.

Posted by rlch > 2013-07-26 18:58 | Report Abuse

How will recent chicken price increase impact poultry stocks like PW?

Posted by rlch > 2013-10-12 22:06 | Report Abuse

Andygan, I agree with you. Time to time this company even declare generous dividend like 4 sen in 2011 which mean over 6% DY at present price. The possibilities of declaring dividend this or next year is quite high as half year PW already earn EPS 5.11 sen. This company can earn money from 2 business ie poultry which it presently does and also from selling land which has appreciated substantially over time.

Posted by Samtuckfatt > 2013-10-17 16:56 | Report Abuse

Yesterday Open high 77 cent the drop to 67, today open at 77 cent then drop to 67cent and rebounds back to 76 cent . What next tomorow ?

Posted by rlch > 2013-10-17 18:43 | Report Abuse

When can reach 80sen. If the owner can find buyer(Tambun?, Asas Dunia, Huayang, etc) for Penang land we won't see this price again.

Posted by anbz > 2013-10-18 15:13 | Report Abuse

GEM DETECTED RM 3.51 gosh this must the gem... price only under 70 cents??? why the market can't see this???
CUMMULATIVE EARNING PER SHARE for 2 latest quarter is 2.9 cents...not bad...but the nta is so so so so high...want to enter the boat ... :)

Posted by anbz > 2013-10-18 15:37 | Report Abuse

GEM DETECTED RM 3.51 gosh this must the gem... price only under 70 cents??? why the market can't see this???
CUMMULATIVE EARNING PER SHARE for 2 latest quarter is 2.9 cents...not bad...but the nta is so so so so high...want to enter the boat ... :)
---
correction 5.11 cents !!! ...

Posted by anbz > 2013-10-18 15:47 | Report Abuse

why sell? when the company has just announced to execute share buy back...hehe

Posted by anbz > 2013-10-18 16:30 | Report Abuse

don't worry...if it fall catch 1st before that guy...i believe it is the proxi fo the company that is now doing that...because the company has announced to execute share buy back...and that 80 cents man is to low...when people starting to notice PW nta of RM 3.51 ...ini sudah lebih 1 dollar usa..haha...the company will even make share buy back at RM 3.00

Posted by anbz > 2013-10-18 16:33 | Report Abuse

PE pun cantik dan rendah...cummulative 2 quarters ..ada lagi 2 quarters..mau tambah lagi dia punya nta ...kasi lagi tinggi dari 1 euro ..hehe

Posted by sephiroth > 2013-10-18 16:48 | Report Abuse

-10.28m cash

Posted by rlch > 2013-10-18 17:42 | Report Abuse

Can settle all debts and declare special dividend.

Posted by leslieroycarter > 2013-10-18 21:53 | Report Abuse

do not count chicken before it is hatched?

Posted by anbz > 2013-10-18 23:17 | Report Abuse

PW CONSOLIDATED BHD

VALUATION OF NON-CURRENT ASSETS INCORPORATED INTO FINANCIAL
STATEMENTS OF PW CONSOLIDATED BHD (“PW”) FOR THE
FINANCIALYEAR ENDED 31ST DECEMBER 2012


1. INTRODUCTION

Pursuant to Chapter 9, Part J, Paragraph 9.19(46) and Part H of the Appendix 9A of
the Main Market Listing Requirements, the Board of Directors of PW (“Board”)
wishes to announce that he Board had approved the incorporation of the revaluation
surplus of RM89.8 million in the consolidated financial statements of PW for the
financial year ended 31st December 2012.


2. PURPOSE OF REVALUATION

The valuation is carried out in accordance with PW’s valuation’s policy.


3. REVALUATION SURPLUS, NAME OF VALUER, DATE OF VALUATION
AND VALUE PLACED ON THE ASSETS BY VALUER

Please refer to Appendix A & B as attached.


4. EFFECT OF THE REVALUATION SUPLUS ON THE NET ASSETS PER
SHARE

The revaluation surplus of RM89.8 million will increase the net assets per share by
RM1.44 for the financial year ended 31st December 2012.


5. DOCUMENTS FOR INSPECTION

The valuation reports are available for inspection at the registered office of PW at
Suite 12A, Level 12, Menara Northam, No. 55, Jalan Sultan Ahmad Shah, 10050
Penang, during normal business hours from Mondays to Fridays (except public
holidays) for a period of three (3) months from the date of this announcement.


This announcement is dated 28th day of February 2013

Posted by anbz > 2013-10-18 23:18 | Report Abuse

APPENDIX A: REVALUATION OF PROPERTIES

Property
Description
Name of
Valuers
Net Book
Value of
Property
Valuation by
Valuers
Revaluation
Surplus/
Deficit

RM RM RM

Freehold land 565,000 925,000
360,000
Lot 1701, 1702, 1703 GM66, 3032, 3033 TP Braih
Kiri, Mk Beriah, Daerah Beriah, Perak
Building
Azmi & Co
(Perak) S/B
2,654,599 2,700,000 45,401

Freehold land 170,000 270,000
100,000
Lot 5271 & 5272 HS (M) 98-75 & HS (M) 671/72
Mukim Sungai Siput, Daerah Kuala Kangsar,
Perak
Building
Azmi & Co
(Perak) S/B
525,713 960,000 434,287

Freehold land 399,807 575,000
175,193
Lot No 5313, 5314, 5307, 5315, HS(M) 44/84,
150/76, 11/76, 306/73, Mukim Sungai Siput,
Daerah Kuala Kangsar, Perak
Building
Azmi & Co
(Perak) S/B
1,608,521 2,400,000 791,479

Lot 5309, Tp Sg Plus Jalong, MK Sg Siput, Daerah
Kuala Kangsar, Perak. Leasehold land
Azmi & Co
(Perak) S/B 85,228 210,000
124,772

Freehold land 300,000 430,000
130,000
Lot 6513 Tempat Lintang Road, Mukim Sungai
Siput, Daerah Kuala Kangsar, Perak
Building
Azmi & Co
(Perak) S/B
967,110 1,260,000 292,890

Freehold land 260,000 360,000
100,000
Lot 5020 Geran No 28391 Mukim Gunung
Semanggol, Daerah Kerian, Perak
Building
Azmi & Co
(Perak) S/B
689,307 1,065,000 375,693

Freehold land 555,000 625,000
70,000
Lot 1813, 1818, 1362, 1819, 1820 GM3065, 3067,
2739, 3068, 3069 Mukim Beriah, Daerah Kerian,
Perak
Building
Azmi & Co
(Perak) S/B
1,403,326 1,635,000 231,674

Posted by anbz > 2013-10-18 23:19 | Report Abuse

APPENDIX A: REVALUATION OF PROPERTIES ...part 2
Freehold land 3,000,000 2,900,000
(100,000)
Lot 6378 & 6379 Geran No 42500, 42501 Mukim
Hulu Selama, Perak
Building
Azmi & Co
(Perak) S/B
4,971,273 8,630,000 3,658,727

Freehold land 940,000 1,820,000
880,000
GM 815 Lot 1899, GM816 Lot 1898, GM521 Lot
3572, Mukim Sungai Tinggi, Daerah Larut &
Matang, Perak
Building
Azmi & Co
(Perak) S/B
526,381 1,080,000 553,619

Lot 10134 & 10136, Daerah Larut & Matang, MK
Batu Kurau, Geran Mukim 2787 & 2788, Perak. Freehol
d land
Azmi & Co
(Perak) S/B 272,690 300,000
27,310

Freehold land 270,000 590,000
320,000
Lot 1489, 1490 & 2378 GM No 113, 2034, 2085
Mukim of Bukit Gantang, District of Larut &
Matang, Perak
Building
Azmi & Co
(Perak) S/B
662,585 1,050,000 387,415

GM7816 & 7817 Lot 3751 & 4327 Tempat 11th
Freehold land 570,000 930,000
360,000
Mile Batu Kurau, Daerah Larut & Matang, Perak
Building
Azmi & Co
(Perak) S/B
1,025,357 1,890,000 864,643

Freehold land 870,000 1,135,000
265,000
Lot 4803 & 4804 Geran 37964 & 37965, Mk Batu
Kurau, Daerah Larut & Matang, Perak
Building
Azmi & Co
(Perak) S/B
3,713,648 4,835,000 1,121,352

Freehold land 801,893 820,000
18,107
Lot 4553, 4555, 4556, 4557, 297, 298, 299, Geran
Mukim 596, 177, 178, 179, 1101, 1102, 11036
Mukim Beriah, District of Kerian, Perak
Building
Azmi & Co
(Perak) S/B
1,408,809 1,500,000 91,192

Freehold land 1,520,000 2,000,000
480,000
Lot 1996, 1992, 1993, 2263, 2264, 2388, 654, 656,
657, 667, 666, 661, 1938 GM453, 454, 455, 456,
457, 458, 598, 599, 600, EMR4824, 4825, 4826,
4827 Mukim Bukit Gantang, District of Larut &
Matang, Perak
Building
Azmi & Co
(Perak) S/B
2,686,057 4,235,000 1,548,943

Posted by anbz > 2013-10-18 23:20 | Report Abuse

APPENDIX A: REVALUATION OF PROPERTIES ...part 3

Freehold land 460,000 750,000
290,000
Lot 663 Mukim of Bukit Gantang, Saerah Larut &
Matang, Perak
Building
Azmi & Co
(Perak) S/B


Freehold land 337,918 456,000
118,082
GM 1199, Lot No 255, Mukim 2 SPS, Penang
Building
Azmi & Co
(Penang) S/B
34,780 260,000 225,220

GM 471 (SP No 30946) Lot No 321 Mukim of
Freehold land 337,452 504,000
166,548
Junjong, Kulim, Kedah
Building
Azmi & Co
(Penang) S/B
37,826 280,000 242,174

GM 190 Lot No. 389, Mukim of Junjong, Kulim,
Freehold land 258,029 379,000
120,971
Kedah
Building
Azmi & Co
(Penang) S/B
33,937 250,000 216,063

Freehold land 290,190 416,000
125,810
1658, GM 1211 (PT 190, HS(M)178)), Mukim of
Junjong, Kulim, Kedah
Building
Azmi & Co
(Penang) S/B
160,652 410,000 249,348

GM 189 Lot No 892 & GM 435 (SP No 29456) Lot
Freehold land 165,722 216,500
50,778
No 520 Mukim of Junjong, Kulim, Kedah
Building
Azmi & Co
(Penang) S/B
8,196 150,000 141,804

Lot 1770, 1771, 1772 Geran No 763, 764, 765
Mukim Sungai Batu, Daerah Bandar Baharu,
Kedah
Freehold land
Azmi & Co
(Penang) S/B
1,810,000 5,040,000 3,230,000

Freehold land 723,930 2,780,000
2,056,070
GM233 Lot 58, GM225 Lot 1106, GM213 Lot
1100, GM212 Lot 1099 Mukim of Kuala Selama,
Daerah Kuala Selama, Kedah
Building
Azmi & Co
(Penang) S/B
979,075 1,400,000 420,925

Lot No 2971 & 3693 Tempat Padang Lembu,
Mukim Gurun, Daerah Kuala Muda, Kedah
Freehold land
Azmi & Co
(Penang) S/B
250,000 530,000 280,000

Posted by anbz > 2013-10-18 23:20 | Report Abuse

APPENDIX A: REVALUATION OF PROPERTIES ...part 4
Building 1,055,023 1,710,000 65
4,977

Freehold land 400,000 605,000
205,000
Lot No 2881 GM1701 Mukim Serdang, Daerah
Bandar Baru, Kedah
Building
Azmi & Co
(Penang) S/B
901,224 1,570,000 668,776

Freehold land 960,000 1,250,000
290,000
Lot 1484 Geran No 101981, Lot 1485 held under
Suratan Hakmilik Sementara No HS(D) 22822
Bandar Sungai Karangan, Daerah Kulim, Kedah
Building
Azmi & Co
(Penang) S/B
1,737,608 3,040,000 1,302,392

Freehold land 1,400,000 1,560,000
160,000
Lot 1622 & 1623, Section 6, Town of Bkt
Mertajam, SPT Penang
Building
Azmi & Co
(Penang) S/B
360,000 410,000 50,000

GM67 Lot 1504, GM68 Lot 1505 Pekan Karangan,
Freehold land 285,000 390,000
105,000
District of Kulim, Kedah
Building
Azmi & Co
(Penang) S/B
251,991 510,000 258,009

Freehold land 610,000 775,000
165,000
Lot 5620 Geran No 7078, Lot 5621 Geran No
7079, Mukim Gurun, Daerah Kuala Muda, Kedah
Building
Azmi & Co
(Penang) S/B
1,739,124 2,345,000 605,876

GRN1738 Lot 1172, Mikim of Semiling, District of
Freehold land 490,000 805,000
315,000
Kuala Muda, Kedah
Building
Azmi & Co
(Penang) S/B
422,021 900,000 477,979

Freehold land 570,000 1,100,000
530,000
PT No 2224 No HS(D) 346/96 Mukim Gurun,
Daerah Kuala Muda, Kedah
Building
Azmi & Co
(Penang) S/B
931,870 1,360,000 428,130

GM 903 SP32753 Lot No 110, Mukim of
Freehold land 1,150,000 2,490,000
1,340,000
Karangan, Kedah
Building
Azmi & Co
(Penang) S/B
468,314 840,000 371,686

LM2 Lot 203, Mk 3, SPS, Penang
Leasehold land
Azmi & Co
337,468 1,280,000 942,532

Posted by anbz > 2013-10-18 23:21 | Report Abuse

APPENDIX A: REVALUATION OF PROPERTIES ...part 5
Building
(Penang) S/B
397,700 450,000 52,300

Lot 824, 825, 871, 873 & 877 GM264, 265, 59, 1 &
60 Mukim8, SPS Penang Freehold land
Azmi & Co
(Penang) S/B 4,794,893 6,200,000 1
,405,107

Lot 963 GM 505 Mukim 8, Daerah SPS, Penang Freehold
land
Azmi & Co
(Penang) S/B 851,968 1,700,000
848,032

Freehold land 1,440,000 5,330,000
3,890,000
Lot 2628, 2647 HSD 28259, 28275 Mukim 11,
SPS Penang
Building
Azmi & Co
(Penang) S/B
411,952 520,000 108,048

Freehold land 700,000 1,960,000
1,260,000
Lot 2645, PT No. 1636-20 HSD 15601, Mukim 11,
SPS Penang
Building
Azmi & Co
(Penang) S/B
486,678 850,000 363,322

Freehold land 735,000 1,900,000
1,165,000
Lot 3894 Geran No 54238, Mukim 11, SPS
Penang
Building
Azmi & Co
(Penang) S/B
290,248 530,000 239,752

Lot 243, GM 177, Mukim 11, SPS Penag Freehold land
360,000 910,000 550,000

Geran Mukim No 742, Lot No 951, Mukim of
Freehold land 235,000 544,000
309,000
Sungai Kechil, Daerah Bandar Baharu Kedah
Building
Azmi & Co
(Penang) S/B
215,060 310,000 94,940

Freehold land 915,000 2,090,000
1,175,000
Geran Mukim No 884, 852, 853, 826, 827, 854 Lot
588, 589, 590, 54, 58, 591 Mukim 4, Daerah SPS,
Penang
Building
Azmi & Co
(Penang) S/B
234,617 350,000 115,383

Freehold land 7,900,000 17,250,000
9,350,000
Geran Mukim No. 53, 54, 55, 70, 71, 93, 59, 258,
227 Lot 78, 79, 80, 315, 316, 279, 274, 272, 278
Geran No 51891 Lot 271 Mukim 6, Daerah SPS,
Penang
Building
Azmi & Co
(Penang) S/B
979,352 1,580,000 600,648

Posted by anbz > 2013-10-18 23:22 | Report Abuse

APPENDIX A: REVALUATION OF PROPERTIES ...part 6
PM98 Lot 779 Mukim 16 SPT Penang Leasehold land
Azmi & Co
(Penang) S/B
306,892 1,230,000 923,108

Freehold land 680,000 2,210,000
1,530,000
GM213 Lot 287 Mukim 2 SPT Penang
Building
Azmi & Co
(Penang) S/B
801,600 1,094,000 292,400

GM841 Lot 407, GM842 Lot 408 Mukim 20 SPT
Freehold land 1,685,000 4,280,000
2,595,000
Penang
Building
Azmi & Co
(Penang) S/B
591,481 910,000 318,519

GM337 SP35328 Lot 539 Mukim of Junjung, Kulim
Freehold land 715,000 2,950,000
2,235,000
Kedah
Building
Azmi & Co
(Penang) S/B
1,091,719 1,590,000 498,281

GM519 Lot 571, Geran 16962 Lot 572, Geran
Freehold land 2,830,000 9,100,000
6,270,000
43767 Lot 573 Mukim 16, SPT Penang
Building
Azmi & Co
(Penang) S/B
1,223,118 1,740,000 516,882

Freehold land 420,000 1,130,000
710,000
Holding No 600 Mukim 16 SPT Penang
Building
Azmi & Co
(Penang) S/B
285,665 560,000 274,335

Freehold land 640,000 1,840,000
1,200,000
GM459 Lot 741 Mukim 16 SPT Penang
Building
Azmi & Co
(Penang) S/B
314,402 630,000 315,598

Freehold land 285,000 1,030,000
745,000
HSM 11 Lot 1058 Mukim of Junjong, Kedah
Building
Azmi & Co
(Penang) S/B
596,884 1,030,000 433,116

Industrial land 1,816,345 4,950,000
3,133,655
Plot 127 Jalan Perindustrian Buikit Minyak 7,
Taman Perindustrian Bukit Minyak, SPS Penang
Building
Azmi & Co
(Penang) S/B
4,684,932 4,930,000 245,068

Posted by anbz > 2013-10-18 23:22 | Report Abuse

APPENDIX A: REVALUATION OF PROPERTIES ...part 7
Lot 311, Jalan ara Kuda, 09600 Lunas Building
Azmi & Co
(Penang) S/B 23,073 807,000
783,927

Lot 1773 & 1960 Mukim Sungai Batu, Bandar
Baharu, Kedah
Freehold land
Azmi & Co
(Penang) S/B
1,490,173 2,200,000 709,827

Lot 60 & 61 Geran Mukim No GM3944, 4293
Mukim Ayer Puteh, Daerah Pendang, Kedah Freehold la
nd
Azmi & Co
(Penang) S/B 6,000,000 9,200,000 3
,200,000

Industrial land 4,060,208 7,712,000
3,651,792
HS (D) 694 PT67 Mukim 13, SPT Penang. Plot
31 Lorong Perindustrian Bukit Minyak 9, Taman
Perindustrian Bukit Minyak, 14100 Penang
Factory Building
Azmi & Co
(Penang) S/B
8,994,052 13,000,000 4,005,948

Leasehold land 1,570,833 1,800,000
229,167
PM No 1114, 1115, 1090, 1116, 1117, 1118 Lot
2413, 2414, 2415, 2368, 2369, 2370 Mukim
Machap, Daerah Alor Gajah, Melaka
Building
Azmi & Co S/B 2,829,884 4,430,000 1,600,117

Posted by anbz > 2013-10-18 23:26 | Report Abuse

APPENDIX B: REVALUATION OF INVESTMENT PROPERTIES
Property
Description
Name of
Valuers
Cost of
Investment
Valuation by
Valuers
Revaluation
Surplus/
Deficit

RM RM RM

Freehold land 402,957 520,000
117,043
Lot 1313 Changkat Meranti, Mukim Setiawan,
Manjung, Perak
Building
Azmi & Co
(Perak) S/B
226,866 520,000 293,134

Freehold land 271,299 385,000
113,701
Lot 1255 Kampong Bharu, Mukim Lumut, Daerah
Manjung, Perak
Building
Azmi & Co
(Perak) S/B
190,000 315,000 125,000

Freehold land 312,529 350,000
37,471
PT 624 Hutan Simpan Bruas, Mukim Belanja,
Perak
Building
Azmi & Co
(Perak) S/B
372,684 1,255,000 882,316

Freehold land 322,678 370,000
47,322
Lot 12843 Mukim Sitiawan, Manjung, Perak
Building
Azmi & Co
(Perak) S/B
184,005 290,000 105,995

Freehold land 868,801 1,234,000
365,199
1/3 undivided share of Lot 1637, Geran No 38898,
Mukim 11, Daerah SPS, Penag
Building
Azmi & Co
(Penang) S/B
100,661 300,000 199,339

TS 724, Mukim 14, Permatang Tinggi, SPT Building
Azmi & Co
(Penang) S/B 21,398 240,000
218,602

Freehold land 255,000 710,000
455,000
Lot 2335, GRN 1060, Mukim 11, SPS Penang
Building
Azmi & Co
(Penang) S/B
145,369 260,000 114,631

Parcel No 1, 10th Floor Block B, Mutiara
Apartment Phase 1, Penang Apartment
Azmi & Co
(Penang) S/B 150,000 160,000
10,000

Posted by anbz > 2013-10-18 23:27 | Report Abuse

http://announcements.bursamalaysia.com/EDMS/edmswebh.nsf/all/76CA9BDD7805872148257B30005DA43D/$File/PW-RevaluationYE31Dec2012.pdf

Posted by anbz > 2013-10-19 18:27 | Report Abuse

andygan check all my promotions of PW in PMcorp room..he..calvin wants to degrade PW...instead the records showed otherwise...and about your hopes...that's is something to be discussed... :)

Posted by anbz > 2013-10-19 18:31 | Report Abuse

RM200m ...200m/60m shares = RM 3.33...pasal apa tak mau privatize...i see it can be more than that...as penang 2nd bridge is going to be opened soon
---
buy company yang olang tak mau (like PW)..tapi itu nilai tambah sudah ada dalam lekod..bukan beli stok yg olang cakap ini bagus itu bagus..tapi lekod didn't show that

Posted by anbz > 2013-10-19 18:32 | Report Abuse

ini kaunter only has 60m shares...when it shoots up..susah mau kejar

Posted by leslieroycarter > 2013-10-20 12:56 | Report Abuse

what we r interested in r facts n figures . That's it.

Posted by jenabchen123 > 2013-10-21 10:21 | Report Abuse

TQ bro. On board already.

Posted by anbz > 2013-10-21 16:40 | Report Abuse

TP = RM 1.50

Posted by anbz > 2013-10-21 17:20 | Report Abuse

i mean near term only 1.50...yeah

Posted by calvintaneng > 2013-10-21 19:30 | Report Abuse

anbz RM1.50 is your target for PM Corp or PW Con? Did you copy the TP From PM Corp Forum?

Posted by anbz > 2013-10-21 20:07 | Report Abuse

not copy cat...i'm a copy rooster kok kok kok kok ...calvin..if only u take a look at the good side of PW con...i would not make a not so good comments against pm..what happened has happend...if your pm is so good..why my PW is not good...i put my argument well
---
i notice the lands owned by PM are only a few of them ..u can count them with your fingers..while the lands owned by PW are too many...the directors of PW have futuristic approach..well done

Posted by anbz > 2013-10-21 20:09 | Report Abuse

my friend said the 2nd bridge of penang has just been opened but not officially...u wait for PW to scream

Posted by SANG-JERO > 2013-10-22 22:07 | Report Abuse

anbz,

technically looks ok.....Calculated risk...

Posted by FreeThink > 2013-10-22 22:22 | Report Abuse

andygan = anbz

Posted by FreeThink > 2013-10-22 22:37 | Report Abuse

funny explanation...

Posted by FreeThink > 2013-10-23 00:16 | Report Abuse

andygan, why you removed most of your posting in this thread?

Posted by jenabchen123 > 2013-10-23 10:38 | Report Abuse

People queuing with higher volume at lower price hoping for bargain ......

Posted by daryltkt > 2013-10-23 16:24 | Report Abuse

no more volume.be careful,just like GP.

Posted by anbz > 2013-10-23 16:32 | Report Abuse

someone bought repeatedly at 0.685 ..many people throw at 0.685 yet this guy always come back and just tadah at 0.685

Posted by anbz > 2013-10-23 16:33 | Report Abuse

very risky plays

Posted by anbz > 2013-10-23 16:58 | Report Abuse

Every day, every year – chicken chicken chicken!
July 20, 2013
FMT LETTER: From SM Mohd Idris, via e-mail
The increase in the market price of chicken has caused dissatisfaction among Malaysian consumers. In the two weeks since the beginning of Ramadan, the dramatic rise of chicken price has become a hotly discussed issue among consumers, traders and policy makers. Previously, the price of chicken was around RM7 per kg. Now, at the Jelutong Market for example, chicken price is between RM8 to RM9 per kg. The Consumers’ Association of Penang (CAP) has received more than 50 complaints from consumers regarding this issue.
According to media reports, the link between producers, intermediaries (distributors) and retailers is one determinant of the price of chicken. Farmers and traders insist they have no choice and must conform to the market price that is sensitive to price of chicken feed, transportation costs and the cost of labour. The shortage of chicken in the market has prompted some traders to increase prices at will. This ultimately affects and burdens Malaysian consumers who have chosen chicken as their main protein source.
The Ministry of Domestic Trade, Cooperatives and Consumerism (MDTCC) has proposed to import chicken, recommended that consumers boycott buying chicken, and would announce a ceiling price on August 1, 2013 (the price control for chicken is only during the festive season). The Ministry did not clearly state the causes of the rise in chicken prices that has caused panic among consumers. The issue of increase in the price of chicken is not new. It can be said to be an annual occurrence, repetitive, synonymous with the festive season. We urge the Ministry to find a solution that is consistent and benefits both consumers and producers.
Ceiling price of chicken announced on Aug 1, 2013

As in previous years, the Ministry has introduced the enforcement of the Festive Season Price Control Scheme under the Price Control and Anti-Profiteering Act 2011 (formerly the Price Control Act 1946). Under this scheme, a number of essential items (including poultry) are identified as price-controlled goods for the festive season at the maximum price set at different levels i.e. manufacturers, wholesalers and retailers in a given period. The scheme is implemented throughout Malaysia and the price set differs according to region and district. For this year, the Ministry will announce the ceiling price for chicken and other items on August 1, 2013. The question is, by learning from past experience on price hikes, why doesn’t the Ministry ease the burden of consumers by enforcing the scheme earlier, i.e. at the onset of Ramadan? Are the issues on the causes of price increase and measures to be taken to overcome this problem discussed annually only when consumers feel the burden and begin to complain?
The Act that protects consumers from increases in prices of goods
The Price Control and Anti-Profiteering Act 2011 prohibits traders from profiteering and being unreasonable in the sale and supply of goods. Under the Act, profiteer means making profit unreasonably high. If convicted of the offence, action will be taken against the trader. In addition, the Minister responsible must establish a mechanism to address the issues of profiteering, to determine unreasonably high profit. CAP would like to get confirmation from MDTCC whether the mechanism is in place? If the mechanism is in place there is no need for the Ministry to wait until Aug 1, 2013 to enforce the price control scheme. If not, the parties concerned should justify why the mechanism has not been fixed? Is the issue of rising prices a trivial issue?
We are also aware of the role of the Price Controller as stipulated in the Price Control and Anti-Profiteering Act 2011. “The Controller may, with the approval of the Minister, by order published in the Gazette, determine the maximum, minimum or fixed price for the manufacturing, producing, wholesaling or retailing”. CAP is confident that the mechanism developed by the Ministry would certainly work well with the help of the Price Controller.
The Price Controller’s role would definitely be more effective if located in every district and every branch of the ministry and given the autonomy and authority to carry out operations and enforcement at the local level.
In addition, the Ministry should intensify cooperation with the Ministry of Agriculture and Agro-based Industry (MOA), particularly in addressing the issues of shortage and rising prices of goods during the festive season. MOA has provided an alternative to urge consumers to buy goods at the Farmers Market (FAMA – Federal Agricultural Marketing Authority). Prices here are reasonable. We also welcome the introduction of the ‘Save Kitchen Expenses” programme. We believe that if both the Ministries cooperate from the beginning and consumers are provided information, consumers will not panic when there is a shortage and the price of chicken increases.

Posted by anbz > 2013-10-23 16:59 | Report Abuse

What, besides chicken?
Why is chicken the choice for all Malaysians? In the past, before the 1970s, chicken meat was quite expensive. Some families only ate chicken once a week or once a month. Those who were poorer only ate chicken during the festive season. Currently, chicken is a cheap source of protein when compared to fish, beef, lamb, etc. Chicken is also very inclusive, because it can be enjoyed by all races in Malaysia.
As we mentioned earlier, people’s reactions show their annoyance and inability to face the sudden increase in the price of chicken. Consumers should be given more alternatives to choose food. At this time, the decision made by consumers is based on what is offered by the market, their budget, the price of substitute products and alternatives.
Communities should be encouraged to carry out small-scale farming including poultry rearing, and the government should provide assistance in terms of initial capital, land ownership, education and training. In addition, the government should rejuvenate the fisheries sector as the price of fish and marine produce are expensive, which also affects consumer choice in selecting protein sources besides chicken.
The issue of price hike of chicken and chicken shortage is just one part of a larger issue – the management of food resources in Malaysia.
The writer is president of the Consumers Association of Penang

Posted by anbz > 2013-10-23 19:40 | Report Abuse

today's volume is the highest for this year..i think