Posted by Patrick13 > 2018-01-19 15:56 | Report Abuse

Beza, my avg cost is 1.41 now.

Posted by shortinvestor77 > 2018-01-19 15:56 | Report Abuse

Agree.

Posted by Beza > 2018-01-19 15:57 | Report Abuse

Director Yeo Ayk Ke bought at around 1.40 for 878,625 units. He is not stupid.

Posted by shortinvestor77 > 2018-01-19 15:59 | Report Abuse

I wail at 1.20 for so long. Seller seen sells till 1.31.

Posted by Patrick13 > 2018-01-19 16:05 | Report Abuse

To quote 1.20, the PE ratio needs to drop until 6. Unless some ppl are shortage of money and sell this counter, I think is hard to get 1.20.

Posted by Beza > 2018-01-19 16:09 | Report Abuse

fast fast sell down.

Posted by Beza > 2018-01-19 16:16 | Report Abuse

Waiting at 1.20. Ha! ha!

Posted by shortinvestor77 > 2018-01-19 16:17 | Report Abuse

10 more cents till 1.20.

Posted by shortinvestor77 > 2018-01-19 16:26 | Report Abuse

Seller, sell all your shares now.

Posted by limlw > 2018-01-19 16:41 | Report Abuse

dun thk it will brk d previous low

Posted by Beza > 2018-01-19 16:58 | Report Abuse

So what do you think the lowest can be?

Posted by faberlicious > 2018-01-20 07:35 | Report Abuse

Based on last year’s payout at 1.30 the yield is a mouth watering 8.46% !!!

Posted by Beza > 2018-01-23 10:42 | Report Abuse

1.20 would be more fascinating yield to come.

Posted by wolf1 > 2018-01-24 11:24 | Report Abuse

load in 60 big lots at 1.25. U can fly now.

Posted by Beza > 2018-01-24 14:59 | Report Abuse

Congras. you can sell at 1.26 now. Sure huat!!!!!!!!

Posted by Beza > 2018-01-24 15:58 | Report Abuse

Ding dong ding dong don't go down to 1.20. Waiting lah!

Posted by kevin008 > 2018-01-25 14:45 | Report Abuse

Director bought 878,625 shares RM1,232,621.99(Ard 1.40 per shares)
hopefully some good news coming haha
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5659821

Posted by shortinvestor77 > 2018-01-25 21:50 | Report Abuse

Old new, Calvin. But it is very good new, of course.

Posted by pareto_8020 > 2018-01-27 19:17 | Report Abuse

previously is mainly furniture manufacturer, now diversify into construction, first question need to ask is... whether they are competent enough to fight with other peers or not first, doubt o

Posted by shortinvestor77 > 2018-01-28 13:36 | Report Abuse

No doubt. You doubt because you don't read QR/AR and don't attend AGM.

Posted by john doe > 2018-02-06 17:52 | Report Abuse

Strong support here

Posted by shortinvestor77 > 2018-02-07 20:48 | Report Abuse

大戶少少貨就可以推低股價震倉, 引來更多沽盤幫手進一步推低股價, 這是大戶一慣的做法! 散戶也是一慣服從, 樂意地聽話, 照做止蝕!!!

Posted by shortinvestor77 > 2018-02-08 15:58 | Report Abuse

http://www.klsescreener.com/v2/news/view/340351

Posted by shortinvestor77 > 2018-02-08 15:59 | Report Abuse



BENGALURU: Most Asian currencies weakened against the U.S. dollar on Thursday as market participants adjusted positions as persistent volatility in regional equities lowered risk appetites.

Chang Wei Liang, an FX strategist with Mizuho Bank, said the broader picture ”is that of risk reduction”.

“I think a lot of people who were previously long risk, and that usually involves being long Asian currencies... might be reassessing their positions,” he said. 

Against a basket of six major currencies, the dollar was steady at 90.242, just shy of a two-week high of 90.40 touched on Wednesday.

The Thai baht was one of the region’s biggest losers, weakening about 0.7%.

“There was a speculative short dollar-baht positioning for the most of January, showing that people were expecting baht appreciation against the dollar,” Chang said. 

”But now this environment is very different from what we have seen, given the equity market volatility.”

South Korea’s won was 0.2% weaker against the dollar, while the Taiwan dollar fell 0.3% after January export growth failed to match expectations.
 
The Malaysian ringgit shed 0.4%. The country’s exports rose at a much slower annual pace for a second straight month in December, data showed on Wednesday, hurt by lower commodity prices and shipment volumes.

The Singapore dollar slipped 0.1%. India’s rupee was the only gainer in the region, firming less than 0.1%.

MSCI’s broadest index of Asia-Pacific shares outside Japan  was little changed, staying near its six-week low touched on Tuesday.

The Philippine peso weakened 0.5% while the Philippine Stock Exchange’s equity index lost as much as 0.8%.

The Philippine central bank is edging closer to its first interest rate hike in over three years, but is unlikely to pull the trigger on Thursday despite a sharp pick-up in inflation, a Reuters poll showed.

Monetary tightening ”could provide a boost of confidence for PHP (peso) assets while also dampening longer-term inflation worries,” said DBS Group in a note.

China’s yuan weakened as much as 1% against the dollar, its worst intra-day drop since August 2015.

Data showed a 36.9% jump in the China’s dollar denominated imports for January, which led to a narrower trade surplus than expected. - Reuters

Posted by shortinvestor77 > 2018-02-11 13:47 | Report Abuse

https://oilprice.com/Energy/Oil-Prices/The-Oil-Bubble-Has-Burst-What-N...
Oil Price down means ringgit down. Don't need to argue . Ringgit is weakening from now onward. Oil market is always oversupply everyday. Just OPEC and Malaysia and some countries try to control the price and make it high but they eventually fail. We will see again US$30 per barrel sooner or later.

Posted by shortinvestor77 > 2018-02-11 21:13 | Report Abuse

https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Tank-As-US-Drillers-Add-Massive-Number-Of-Rigs.html

Posted by shortinvestor77 > 2018-02-11 21:53 | Report Abuse

http://www.sinchew.com.my/node/1727278

Posted by shortinvestor77 > 2018-02-11 22:17 | Report Abuse

http://www.kwongwah.com.my/?p=468911

Posted by Amit Khindriya > 2018-02-14 05:43 | Report Abuse

Holland

Posted by shortinvestor77 > 2018-02-14 09:41 | Report Abuse

QR will out in March.

Posted by shortinvestor77 > 2018-02-14 09:41 | Report Abuse

Every year is the same sell down time. Once ...

Posted by Patrick13 > 2018-03-07 09:44 | Report Abuse

Market does not give the fair valuation to Jaycorp.

Posted by Beza > 2018-03-07 11:54 | Report Abuse

One day it will.

Posted by Beza > 2018-03-07 12:22 | Report Abuse

Today, I managed to buy at 1.20.

Beza Ding dong ding dong don't go down to 1.20. Waiting lah!
24/01/2018 15:58

Posted by shortinvestor77 > 2018-03-08 21:56 | Report Abuse

KUALA LUMPUR: Furniture exports last year saw an increase of RM10.14 billion compared to RM7.58 billion in 2016.

Plantation Industry and Commodities Minister Datuk Seri Mah Siew Keong said wood products are in high demand with the export value up to 80 per cent or RM8.1 billion.

He said the increase was a very positive development, which indicated that the industry is able to contribute to the country's economy.

"Malaysian furniture is well received as we offer good quality products at reasonable prices.

"Our products are also growing in the world market, and every time I am abroad, I often get praises on the quality of our products we offer," he said after the launching of the Malaysian International Furniture Exhibition (MIFF) here today.

Also present were ASEAN Business (UBM) group managing director M Gandhi and MIFF founder and chairman Datuk Dr Tan Chin Huat.

In maintaining local product performance, Mah said the government has also developed design centres to encourage young designers to produce local products.

Prime Minister Datuk Seri Najib Razak has announced during Budget 2018, in providing financial support for Malaysian companies, RM200 million of export credit facility will be provided by EXIM Bank to local small and medium enterprises (SMEs) and RM1 billion for credit insurance for companies.

The loan facility amounting to RM100 million with 70 per cent-government surety to encourage automation among the local furniture companies will definitely boost production for export.

"I would also like to recommend for more local products to be branded as it will be more added value," he said.

On the international level, Malaysia is one of the top 10 furniture manufacturers in the world, which exports products to more than 160 countries.

Mah also expressed confidence that by 2020, Malaysia will be able to achieve the export target of RM12 billion.

"Despite the decline in the value of the ringgit in the country, it does not directly affect the demand for furniture.

"Hence, the government will continue to support the development of the furniture industry through various initiatives to ensure that it continues to grow," he said.

Meanwhile, Tan said MIFF saw an increase of 13 per cent of the participation with 623 exhibitors.

"Due to the overwhelming response, this event is held on a larger scale involving 18 exhibition spaces with a total area of 100,000 sq metres.

"In fact, we are proud that it has also attracted participation from 135 countries including Japan, the United States and Korea," he said.

Themed 'Design Connects People', the four-day exhibition at the Malaysian International Trade and Exhibition Center (MITEC) is now taking place until Sunday.
https://www.nst.com.my/business/2018/03/343070/furniture-exports-rm1014bil-2017

Posted by Beza > 2018-03-09 14:22 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/150254.jsp
贸易战若爆发 令吉全球最脆弱

Posted by Beza > 2018-03-16 14:11 | Report Abuse

PR1MA plans affordable homes in Sabah, GDV RM7.5b
TheStarFri, Mar 16, 2018 - 44 minutes ago


KUALA LUMPUR: Perbadanan PR1MA Malaysia (PR1MA) plans to launch affordable quality homes in Sabah with a gross development value (GDV) of RM7.5bil.

It said on Friday the PR1MA Members of Corporation (MOC) had approved the housing projects which will be below the current market prices to be built in Sabah.

This makes Sabah the state with the second highest number of PR1MA projects approved for development.
PR1MA is showcasing its 27 projects all over Malaysia, with 30,155 units during the five-day in Sabah from Thursday to Monday.

“Close to 16,000 units offered by PR1MA at the expo are priced below RM300,000, much lower than the average price of RM400,000, based on properties launched in 2017 by private developers in the west coast of Sabah,” it said.

This was according to the latest Property Development Report 2017 by Sabah Housing and Real Estate Developers Association (SHAREDA).

PR1MA will also open the agency’s first sales office in Sabah at the Aeropod, Kota Kinabalu.

Scheduled to open in August this year, it will be the central hub in planning, developing and maintaining PR1MA’s Sabah-wide projects.

PR1MA chief executive Datuk Abdul Mutalib Alias said this was the first time the agency was organising an expo of this scale in Sabah, bringing together housing agencies at both Federal and State levels.

He said through the expo, PR1MA aims to showcase the range of houses the government is offering as well as to educate Sabahans on first-time homeownership, including those in the middle- income (M40) group, who aspire to own their own homes.

Posted by Beza > 2018-03-16 14:11 | Report Abuse

See how JayCorp Construction can get a piece of cake.

Posted by Patrick13 > 2018-03-20 13:46 | Report Abuse

Newsbreak: MMC-Gamuda-George Kent consortium, CCCC joint venture shortlisted for MRT3

TWO consortiums have been shortlisted for the coveted job of constructing the RM45 billion Klang Valley Mass Rapid Transit Line 3 (MRT3).

The candidates are the MMC Corp Bhd-Gamuda Bhd-George Kent Bhd consortium and China Communications Construction Company Ltd-China Communications Construction Company (M) Sdn Bhd joint venture (CCCCJV), sources say.

According to a source privy to the matter, Prime Minister Datuk Seri Najib Razak chaired a high-level meeting last Monday to discuss the awarding of the contract. Both consortiums were chosen based on their technical capabilities.

“MMC-Gamuda-GK and CCCCJV were shortlisted because of their technical capabilities, which met the technical requirements outlined by MRT Corp,” says the source. “The financing rate was also a consideration but it was not a deal breaker. The government placed higher weightage on technical capabilities and tunnelling experience.”

The MRT3, or Circle Line, will be completely underground, running through high-density areas in central Kuala Lumpur. The government approved the project on Oct 30 last year, and a briefing for the turnkey project contractor was held on Nov 15.

On Jan 19, Mass Rapid Transit Corp Sdn Bhd announced that four consortiums had submitted bids for the turnkey contractor role.

Besides MMC-Gamuda-GK and CCCCJV, the other candidates were the Sapura Group-Top International Engineering Corp (TIEC) and Pacific Construction Group Company Ltd- Mudajaya Group Bhd-Jaycorp Engineering and Construction Sdn Bhd (JEC) consortiums.

According to another source, Sapura-TIEC had the lowest financing rate of all the candidates, at 2.3% per annum, funded by a consortium of Chinese banks. MMC-Gamuda-GK offered a financing rate of 4.7%, while CCCCJV had secured financing at a rate of 5% per annum.

However, Sapura-TIEC was not shortlisted for the turnkey contractor role because their technical partner, Samsung C&T Corp, had yet to complete the Riyadh Metro project in Saudi Arabia.

Samsung C&T is part of a consortium led by Spanish construction group FCC and Alstom, which is building Lines 4, 5 and 6 of the Riyadh Metro. The total length of the three lines is 64.6km, with 26.6km running underground.

While Samsung C&T is not part of the Sapura-TIEC consortium, it has been named as the technical partner, as Sapura and TIEC do not have the technical capability and tunnelling experience, says the source.

TIEC is a civil engineering company owned by the Shaanxi provincial government. It was involved in the construction of the Xi’an Metro station and other public, industrial and commercial buildings in China, Asia-Pacific, South America and Africa.

“The government was being really technical with the requirements, which disqualified Sapura-TIEC and possibly Pacific-Mudajaya-JEC. Only the two shortlisted consortiums met the technical requirements, despite their financial rate being high,” says the source.

The technical requirements listed by MRT Corp stated, among other things, that the tenderer must have successfully completed civil works for either two urban metro projects worth at least RM5 billion each or one project worth at least RM10 billion on a design and build or turnkey basis.

MMC-Gamuda-GK will be funded by borrowings from local banks led by CIMB Investment Bank Bhd, to be raised by DanaInfra Nasional Bhd, says the source. CCCCJV will be funded by Chinese banks through US dollar-denominated debt, the source adds.

While the turnkey contractor role is supposed to go to only one consortium or JV, the source says the prime minister asked MRT Corp to see whether MMC-Gamuda-GK and CCCCJV could share the job.

“The PM asked MRT Corp to see whether there is a possibility, not that he wants both candidates to get the job. The contract value of RM45 billion is very big and this is a crucial project, so he doesn’t want it to be delayed or run into problems,” says the source.

Having two main contractors for a single project has been done before in Malaysia with the construction of the Petronas Twin Towers. Hazama Corp of Japan and Samsung C&T each built one of the towers.

And even though it has not been shortlisted, Sapura could still benefit from the MRT3 contract because its expertise in communications technology could give it a head start for the communications package of the line, say observers.

“If the government is serious about developing local expertise, capable local companies should be given opportunities to take part in large infrastructure projects such as this,” says an observer.

Posted by shortinvestor77 > 2018-03-20 17:14 | Report Abuse

Quietly submitted tender. Ha ha! JEC should focus on Sabah Pan-Borneo Highway Project and also PR1MA project in Sabah,which JEC surely can get.

Posted by shortinvestor77 > 2018-03-20 17:15 | Report Abuse

TQ Patrick13 for this very special new.

Posted by shortinvestor77 > 2018-03-21 06:11 | Report Abuse

Pacific-Mudajaya-JEC is not officially turned down yet.

Posted by Patrick13 > 2018-03-21 08:47 | Report Abuse

I dun think Pacific-Mudajaya-JEC can win the MRT3 award but anyway this is good try to them.

Posted by Beza > 2018-03-22 10:14 | Report Abuse

Cheap sale. Bought some at 1.18 / 1.17.

Posted by Patrick13 > 2018-03-22 10:31 | Report Abuse

Very agree that current price is undervalued. But look at other peers eg. Homeriz and Pohuat's latest poor results, I rather more conservative approach and waiting JayCorp QR release first.

Posted by Patrick13 > 2018-03-22 10:36 | Report Abuse

But hopefully JayCorp prove I'm wrong.

Posted by Beza > 2018-03-22 10:40 | Report Abuse

They incur forex loss as no hedging. But JayCorp hedges . So forex is basically no problem for JayCorp.

Posted by Patrick13 > 2018-03-22 10:52 | Report Abuse

Forex is one issue. High material cost is another issue plus renewable energy plant shut down 1-2 mths at the end of 2017 (both highlighted in last QR).

Posted by Beza > 2018-03-22 10:58 | Report Abuse

Yes, got high material cost and energy plant shut down. More demand from China (highlighted also) will increase sale volume that ease the 2 problems.

Posted by Patrick13 > 2018-03-22 11:37 | Report Abuse

Since you talk about China, I think JayCorp will benefit from carton box (China's sky blue policy) and taking advantages to get more sales directly to US actually (China furniture maker is facing shortage of woods). But again still come back to forex risk at that period even I know they did well of the hedging. Anyway, just sharing my view only.