Posted by rikki > 2015-03-13 11:38 | Report Abuse

Benalec

BENALEC HOLDINGS BERHAD (“BENALEC” OR “THE COMPANY”)
UPDATES IN RELATION TO THE TERM SHEET ENTERED BETWEEN SPEKTRUM KUKUH SDN. BHD., A 70% OWNED-SUBSIDIARY OF TANJUNG PIAI MARITIME INDUSTRIES SDN. BHD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC SDN. BHD. WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC AND THE STATE SECRETARY, JOHOR (INCORPORATED) AND 1MY STRATEGIC OIL TERMINAL SDN. BHD.

1.  Introduction

Spektrum Kukuh Sdn. Bhd. (“SKSB”), a 70% owned-subsidiary of Tanjung Piai Maritime Industries Sdn. Bhd., which in turn is a wholly-owned subsidiary of Benalec Sdn. Bhd., which in turn is a wholly-owned subsidiary of Benalec, had on 12 March 2013 entered into a binding term sheet (“Term Sheet”) with The State Secretary, Johor (Incorporated) (“S.S.I.”) and 1MY Strategic Oil Terminal Sdn Bhd (“the Purchaser”) to undertake the reclamation works and sale of approximately 1,000 acres of land off the coast of Tanjung Piai, Johor Darul Ta’zim (“the Land”) for the purpose of constructing and operating a crude oil and petroleum storage facility together with a private jetty (“Project”).

(SKSB, S.S.I. and the Purchaser are collectively referred to as “the Parties”.)

 2.  Status

Further to the announcements made on 12 March 2013, 12 June 2013, 17 June 2013, 11 September 2013, 12 December 2013, 19 March 2014, 12 June 2014, 11 September 2014 and 12 December 2014 with regards to the Term Sheet, the Parties are in the midst of finalising the terms and conditions of the Sale and Purchase Agreement.

This announcement is dated 12 March 2015.

Posted by rikki > 2015-03-13 19:54 | Report Abuse

Mitrajaya

Mitrajaya to issue up to 222.63 million bonus shares

Mitrajaya Holdings Bhd ( Financial Dashboard) has proposed a bonus issue of up to 222.63 million new ordinary shares of 50 sen each, on the basis of one bonus share for every two existing ordinary shares of 50 sen each in the company, on an entitlement date to be determined and announced later.
http://www.theedgemarkets.com/my/article/mitrajaya-issue-22263-million-bonus-shares

Posted by rikki > 2015-03-14 17:11 | Report Abuse

BURSA: FBM KLCI To Stabilise At 1,780 Support Level Next Week
By Siti Radziah Hamzah KUALA LUMPUR
-- The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to stabilise at the 1,780 support level and trade f irmer next week, spurred by positive local and external economic environment. Affin Hwang Investment Bank vice-president and head of retail research Datuk Dr Nazri Khan Adam Khan said strong showing of Wall Street and Asian indices on several factors, including the US dollar retreat and broad commodities strength, would influence the local market movements next week.
He said major economic reports, including the recently released Bank Negara Annual Report 2014, were set to power Bursa Malaysia’s sentiments in the near term. “Overall, given positive external front and continuous central bank easy money policies, we feel that the FBM KLCI is likely to see a positive U-turn soon, hence any weakness should be a good buying opportunity,” he told Bernama.
The local market was traded mostly lower during the week just ended due to lack of marketmoving news. Weekly turnover increased to 13.09 billion units worth RM10.43 billion from 11.34 billion units worth RM11 billion last week. Main market volume weakened to 6.04 billion valued at RM9.11 billion from 6.29 billion shares valued at RM10.15 billion previously.

Posted by rikki > 2015-03-15 23:20 | Report Abuse

Flashback - Turbo-Mech @ RM1.23

Financial Report For Quarter Ended 31 December 2014 announced on 
16 February 2015 

Analysis of Performance :
The Group achieved revenue of RM13.62 million for the current quarter, an increase of RM0.89 million or 7% as compared to the RM12.73 million achieved during the preceding year corresponding quarter. The increase in revenue was mainly from the increase in revenue from the Singapore segment. The Group achieved gross profit of RM5.44 million during the current quarter. This represent an increase RM1.07 million or 24.5% as compared to the RM4.37 million achieved during the preceding year corresponding quarter. The gross profit margin for this quarter is 39.9% which is slightly higher than the gross profit margin of 34.3% achieved during the preceding year corresponding quarter, resulting from changes in sales mixed. For the current quarter, the Group recorded a profit after tax of RM4.5 million, an increase of RM0.74 million or 19.7% as compared against the preceding year corresponding quarter profit after tax of RM3.76 million. The increase was mainly due to the improved sales from Singapore sector.

Prospects :
The demand for petrochemical industries products are influenced by the market economic conditions. As a supplier of pumps and compressors to both upstream as well as downstream of petrochemical industries, the demand for our products and services will inevitably be affected as well.
The Company will stay focused on maintenance and services in which we should expect no significant changes in this area.

Note : Turbo-Mech has no borrowings & has a net cash/bank balances of RM47.518M as at 31 Dec 2014 (90% was in foreign currency of which 77% in SGD - Annual Report 2013 )
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1878933

Posted by tjhldg > 2015-03-15 23:25 | Report Abuse

wow ! salute bro rikki , big LIKE to you . thanksss

Posted by rikki > 2015-03-15 23:35 | Report Abuse

Bro Tj.....you are welcome....so late belum tidor kah.....wake up early 2moro & huat huat all the way.....cheers!!!

Posted by tjhldg > 2015-03-15 23:54 | Report Abuse

cheerssss bro rikki , wish u same same ... see see dbhd and the 1 u mention here ... turbo , how the vol la esok .. share this to u also la ..

Posted by tjhldg > Mar 15, 2015 11:44 PM | Report Abuse X

Shares Investment
To
me
Mar 13 at 10:17 AM
This message contains blocked images.
While opportunities might be available to the astute investor, investors must have in their minds a specific time frame for their positions. strongly believes that the most common mistake that investors make is that they do not know the duration for which they want to hold a position.

When investing, we can execute day trades, position trades for one to two months or we can buy stocks and hold them for a few years or even longer. When most investors buy stocks, they normally do not have an idea how long they intend to hold on to their positions.

Only when we are clear about the duration, then we can apply the appropriate methods to suit the time frame we are comfortable with.

An example would be placing stop losses. We are sometimes taught in books that placing stop losses are important. This is not necessarily true. Some of the well-known investors don’t place stop losses. Investors like Warren Buffett don’t, because they are long term investors. They even average down to add to their positions when price goes cheaper. We can’t say they are wrong. They are long term investors who can hold a position for 20 years or even longer.

However for day traders, not putting a stop loss would be unimaginable. The most important thing for investors is to know what time frame suits them.

Aside from ascertaining the time frames for your positions, investors might also be keen to learn know how to identify the bottoms of an index or stock (hint: it’s not always about price!).

copy from some1 sent to me via email ... think ada points ..

copy from some1 sent to me via email ... think ada points ...

Posted by rikki > 2015-03-15 23:56 | Report Abuse

Good lesson....tq bro tj ;)

Posted by YS Babe > 2015-03-16 10:56 | Report Abuse

TJ!! aku setuju dengan emel tu! aku tak trade hari hari, kalau tak boleh dapat profit aku simpan dalam peti sejuk hehehehe, kalau takde duit aku tak beli, sementara menunggu buat duit, aku jalan2 minum2 buat kerja2, cara aku kureng stress! hehehehe KUTPAI

Posted by rikki > 2015-03-16 14:33 | Report Abuse

PUC

PUC FOUNDER (MSC) BERHAD (“PUC Founder” or the “Company”), a Bursa Malaysia ACE market listed company (Stock code : 0007) today via its subsidiary, MaxGreen Energy Sdn Bhd (“MGE”), is pleased to announce that MGE has been awarded as a Feed-in-Tariff (“FiT”) Approval Holder by the Sustainable Energy Development Authority Malaysia (“SEDA”) to develop and operate a solar photovoltaic (“PV”) plant with 1 megawatt power (“MWp”) capacity to produce electricity to be supplied to Tenaga Nasional Berhad (“TNB”).

The solar PV plant is to be set up in Sungai Petani, Kedah with a land area of 2.5 acres. TNB will sign a contract with MGE whereby the power produced will be sold to TNB at a fix rate under the FiT rates.

“Once awarded as a FiT Approval Holder, we will proceed to sign the agreement with TNB upon fulfilling the conditions imposed by SEDA and TNB. We will be supplying power to TNB which is a sustainable source of income for the Company. We capitalise on the opportunity to venture into solar PV project which is in line with our beliefs and at the same time bringing in steady stream of revenue to our Group.” said the Group Managing Director, Mr. Cheong Chia Chieh.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1903177

Posted by YS Babe > 2015-03-16 16:31 | Report Abuse

apa pasal wintoni ni hari hari pun naik dari belas belas sen sampai 40 sen lebih dah

Posted by Tessa Joseph > 2015-03-16 17:58 | Report Abuse

YS babe, ada orang main!....hmmm

Posted by YS Babe > 2015-03-16 18:33 | Report Abuse

Lama tak nampak awak sini hehehe

Posted by tsy88 > 2015-03-16 20:00 | Report Abuse

Rikki

Would like to ascertain with you on the abovementioned news that MGE has been awarded as "FIT" Approval Holder by "Seda" should be positive for Puc? In relation to its share price?

Thanking you in anticipation!!

Posted by rikki > 2015-03-16 20:05 | Report Abuse

Redtone

Sultan Ibrahim of Johor has emerged as the single largest shareholder in REDtone International Bhd with a 20.13% stake, following conversion of his warrants and irredeemable convertible unsecured loan stocks (ICULS) to ordinary shares, and the purchase of shares from the market.

In a Bursa Malaysia filing this evening, REDtone (fundamental: 2.3; valuation: 0.3) said Sultan Ibrahim had acquired 74.6 million shares in the integrated telecommunications solutions provider via a married deal.

http://www.theedgemarkets.com/my/article/sultan-johor-emerges-single-largest-shareholder-redtone

Posted by rikki > 2015-03-16 20:13 | Report Abuse

@tsy88.....yes approval was from that announced to Bursa. The share price has not moved, probably due to investors waiting for the agreement to be signed with TNB. This solar energy is also a new line of business for PUC, away from their expertise in IT.

Posted by tsy88 > 2015-03-16 20:22 | Report Abuse

Rikki- thanks for your prompt reply. Most probably will buy Puc tomorrow. Hope it does not gap up too much !!

Posted by Tessa Joseph > 2015-03-16 21:45 | Report Abuse

Quick Note SGX

The President of Singapore, in commemoration of the 50th year of Singapore’s Independence (SG50), has declared a special public holiday on 7th August 2015. There will be no trading and settlement performed on the abovementioned dates.

Posted by rikki > 2015-03-17 09:05 | Report Abuse

Frontken Corp

FRONKEN Corp has recovered to within striking distance of the previous rally peak on bargain hunting interest. The trend ahead is pretty simple. A decisive breakthrough of the 20 sen hurdle would signal the resumption of an uptrend, en route to the 25 sen level, and probably the 30 sen mark later. Current support is pegged at the 15 sen line
http://www.thestar.com.my/Business/Business-News/2015/03/17/Support-Line/?style=biz

Posted by rikki > 2015-03-17 22:30 | Report Abuse

Hibiscus

The Rolvsnes oil discovery has estimated recoverable resources of some 118 million barrels (Source: Lundin Norway AS, 17 Nov 2014), which at today’s market value of about USD 4 per barrel for oil-in- the-ground in Norway, has a total value of around USD 470 million. Lime Norway’s 30 per cent stake in the licence would equate to a value of approximately USD 141 million. Rex Virtual Drilling (“RVD”) confirms the discovery and an appraisal well is planned for the second half 2015. 

Separately, drilling of the Gemini prospect has been concluded as a dry well. The well stopped at 2,269 m below sea surface at the minimum required level and to the formation targeted by the operator, where RVD had not detected any anomaly, proving its analysis correct. The cessation of the drilling took place before the depth where RVD had seen strong indication of the presence of hydrocarbons. At the time of drilling, Lime Norway’s entry was pending governmental approval and thus, it was unable to vote on deepening the well.

Hibiscus 35% stake of Lime Petroleum will approximately be USD141M x 35 x 3.70 = RM182.595M

http://rex.listedcompany.com/newsroom/20150317_200907_5WH_B89X87XM0ZDCZ03K.1.pdf

Posted by rikki > 2015-03-18 10:49 | Report Abuse

Is renewable energy ready to disrupt fossil fuels?

Prices of fossil fuels may be plumbing multi-year lows, but that's not likely to keep them from being displaced by the advance of renewable energy, especially solar, analysts said.

"Renewable energy technologies are far further advanced than many may believe: solar photovoltaic (PV) and on-shore wind have a track record of successful deployment, and costs have fallen dramatically in the past few years," Alex Thursby, chief executive of the National Bank of Abu Dhabi (NBAD), said in a report published this month. "In many parts of the world, indeed, they are now competitive with hydrocarbon energy sources."

Over the past few years, more than 50 percent of new investment in electricity generation capacity has been from renewable sources, with around $260 billion a year invested in renewable-energy technology over the past five years, said the report, which was prepared for NBAD by the University of Cambridge and PwC.

The cost of solar PV is down more than 80 percent since 2008 and modern wind turbines produce around 15 times more electricity than in the 1990s, it said.

http://www.cnbc.com/id/102510242

Posted by rikki > 2015-03-19 09:32 | Report Abuse

Yellen: Can't rule out a rate increase in June

The Federal Reserve removed 'patient' from its latest policy statementon Wednesday but said there would be no rate hike in April. Fed Chair Janet Yellen said the language change did not indicate a June rate hike was coming either, though she also said it could not be ruled out.
http://www.cnbc.com/id/102513036

Posted by rikki > 2015-03-19 13:16 | Report Abuse

Taxi fares go up immediately, express bus from April - SPAD

The Land Public Transport Commission (SPAD) today announced fare hikes for taxis, effective immediately, and that for express buses from April 1.

The fare hikes are necessary to ensure commercial viability of the industry, said SPAD chairman Tan Sri Syed Hamid Albar in a press conference today.

For taxis in the Klang Valley and Johor Bahru, distance fare will be up 38 sen per km or 43.7% to RM1.25 per km; while time fare will increase 13 sen per minute or 44.83% to 42 sen per minute. Flagfall rate remains at RM3.00.

For Teksi 1Malaysia (TEKS1M) in the Klang Valley and Johor Bahru, distance fare is up 63 sen per km or 72.41% to RM1.50 per km; while time fare is up by 21 sen per minute or 72.41% to 50 sen per minute. The flagfall rate is up RM1 or 33% to RM4.

All revised taxi fares are effective immediately and can be charged on customers once taxi operators recaliberated their meters, said SPAD chief executive officer Mohd Nur Ismal Kamal.

SPAD estimates it would take taxi drivers and operators about two months to have the meters recaliberated, before taxis could charge the new rates.

SPAD will also raise express bus fares to 11.4 sen per km, up 22.58% from 9.3 sen per km before, efffective on April 1, 2015.

On the fare hikes, Syed Hamid said: "The revision which aims to align the fares to actual operating costs, also strikes a fair balance between the welfare of passengers and the drivers as well as the operators," Syed Hamid said.

http://www.theedgemarkets.com/my/article/taxi-fares-go-immediately-express-bus-april-spad

Posted by Hitman > 2015-03-19 13:18 | Report Abuse

aiyo bro rikki, I sold already KTB..damnnn...going to hit 0.40cts..this not buy or sell call..trade at own risks..

Posted by duitKWSPkita > 2015-03-19 13:19 | Report Abuse

Congrad to all KTB passengers.........

Well done.

Posted by rikki > 2015-03-19 13:20 | Report Abuse

Bro hit, you can buy back since price just full back before morning session closed....hehehe

Posted by Hitman > 2015-03-19 14:58 | Report Abuse

Bro rikki, Frontkn moving..

Posted by MainBesar > 2015-03-19 19:35 | Report Abuse

Im also waiting for frontkn moving... My entry price is 0.18

Posted by rikki > 2015-03-19 20:18 | Report Abuse

@MainBesar & bro Hit....hopefully frontkn really moved this time ;) However, this stock we don't have to worry even if it dropped a bit bcoz co is doing well.

Posted by rikki > 2015-03-21 21:03 | Report Abuse

Scramble for dispensing pie

The Edge said that Malaysia’s community pharmacies, also referred to as retail pharmacies, number a little over 2,000, with major names like Caring, Guardian, Watsons, Cosway and Vitacare controlling a sizeable number of stores. Others include Tigas, Aeon Wellness, Alpro, Constant, Health Lane Family and Multicare.

The Edge weekly in its latest edition has said that while the debate on dispensing separation (DS) — which will essentially divide the professional responsibilities of doctors and pharmacists — waxes hot and furious, money has been pouring into the community pharmacy industry.

It said this was no surprise as the pharmaceutical market as a whole was estimated at RM8 billion — and growing.

http://www.theedgemarkets.com/my/article/scramble-dispensing-pie

Posted by rikki > 2015-03-22 08:55 | Report Abuse

Cabinet defers increase in fares

The Land Public Transport Commission (SPAD) has found itself in a spot after being directed by the Cabinet to defer the hikes in public transport fares.

http://www.thestar.com.my/News/Nation/2015/03/22/Cabinet-defers-increase-in-fares-SPAD-disputes-speculation-new-fees-were-announced-without-approval/

Posted by rikki > 2015-03-22 19:28 | Report Abuse

Flashback - Kawan @ RM1.60
TP RM1.95 by BIMB Securities

KAWAN - Quarterly rpt on consolidated results for the financial period ended 31/12/2014 announced 26 Feb 2015

Review of performance :
For the current quarter ended 31 December 2014, the Group recorded a higher revenue of RM36.1million against RM32million in the corresponding quarter ended 31 December 2013, an increase was due to higher sales registered from all regions except Asia - excluded Malaysia. On a year-to-date basis,the Group recorded revenue of RM149.5million, an increase of 18% compared to last year RM126.4 million. The increase was due to higher sales registered from all regions.
Profit after taxation for the Group increased by 23.8 % or RM1million compared to the corresponding quarter ended 31 December 2013, mainly led by the strong consumer demand for the Group products in the current quarter. On a year-to-date basis,the Group recorded profit after tax of RM20.9million compared to RM16.1 million in the previous year. The increase of 29.8% or RM4.8million were mainly led by higher sales registered and favourable RM/USD exchange rate in the current year.

Commentary on the prospect :
The outlook for the global economy is uncertain due to the conditions in both United States and Europe. The continued volatility in USD/RM exchange rates will impact both revenue and profits. The group will monitor the developments and will continue to strengthen its efforts to improve overall efficiencies. The Board expects the performance of the group to remain profitable.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1887125

Posted by Euphoria87 

Edge Weekly 
Warrants Update: Kawan-WA may benefit from weaker ringgit 

By Ben Shane Lim / The Edge Malaysia | March 5, 2015 : 2:00 PM MYT 

KAWAN Food Bhd, which counts frozen paratha and chapatti among its bestsellers and exports about 70% of its products to the US, the UK, Australia and New Zealand, could be among the few local exporters to benefit from a weaker ringgit. 

In fact, the group saw its net profit improve 34.9% to RM5.77 million — partly lifted by exchange rate gains — in its third quarter ended Sept 30, 2014. Since last September, the ringgit has weakened even further and is currently expected to continue trading in the range of 3.5 to 3.7 against the US dollar this year. 

If the stellar showing is repeated when Kawan Food’s full-year earnings are reported by the end of this month, its shares and warrants could receive a boost. 
Closing at 52 sen last Tuesday, Kawan-WA was trading at a 5.84% discount to the mother share, which closed at RM1.54 apiece. 

Note that the exercise price of the warrants has been reduced to 93 sen from RM1.40 subsequent to a one-for-two bonus issue that saw the issuance of 90 million bonus shares and 29.23 million new warrants. 

The frozen food product manufacturer is currently consolidating its operation from Shah Alam to a new factory in Pulau Indah while at the same time expanding capacity. The new facility will allow Kawan Food to upgrade its refrigeration system and its warehousing. The move is expected to be completed in the third quarter of this year. 

This positions the warrants, which expire in July next year, relatively well to benefit from improved earnings from the move. In the near term, a catalyst for the group’s earnings would be the ringgit’s depreciation against the greenback. 

Annualising its recent nine-month earnings per share of 12.63 sen, the shares are trading at about 9.14 times earnings based on their RM1.60 close last Monday. 

This isn’t very cheap or very expensive either, considering the group is sitting on a sizeable cash pile of RM34.38 million, which works out to 18.8 sen net cash per share. 

It is worth noting that the group has announced plans to use the cash — of about RM100 million — over the next four years for expansion purposes. As the group puts its cash to use, it would be interesting to see if it can unlock more of its growth potential. 

Kawan Food’s relatively small market capitalisation of RM292.3 million may make it too small for some institutional investors. However, Lembaga Tabung Angkatan Tentera has a 4.99% stake in it. Its major shareholders are Datuk Thiam Chai Gan with a 32.8% stake and Nareshchandra Gordhandas Nagrechawho with 23.65%. 

This article first appeared in The Edge Malaysia Weekly, on February 23 - March 1, 2015.

05/03/2015 15:21

Posted by rikki > 2015-03-22 20:04 | Report Abuse

BURSA: FBM KLCI To Trend Towards 1,830 Points
By Nurul Hanis Izmir
KUALA LUMPUR -- The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend further towards the 1,850 level next week, supported by foreign funds. “With foreign funds potentially starting to move into the local market following the US Federal Reserve’s interest rate decision, we reckon that the key index is likely to retest the 200-day moving average near the 1,830 level. “Should there be a decisive breakout from this level, we expect the key index to trend further towards the 1,850 level,” Affin Hwang Investment Bank vice president and head of retail research Datuk Dr Nazri Khan Adam Khan told Bernama.

He said following the breakout above the 1,800 psychological resistance level on Thursday, the FBMKLCI will likely get a leg up, tracking the strong showing of regional indices following the Federal Reserve’s latest dovish statement and bigger stimulus from the European Central Bank and the People’s Bank of China.

For the week just ended, local stocks staged a solid rally with a weekly FBMKLCI gain of 1.6 per cent following the Fed’s surprise statement on maintaining its near 0-0.25 per cent interest rates. For the week just ended, the FBM KLCI advanced 21.9 points to 1,803.65 from 1,781.75 last Friday. The FBM Emas Index jumped 99.19 points to 12,384.24, the FBMT100 Index soared 112.64 points to 12,079.13 and the FBM Emas Syariah Index added 25.01 points to 12,903.9. Weekly turnover decreased to 10.37 billion units worth RM10.59 billion from last week’s 13.09 billion units worth RM10.43 billion. Main market volume increased to 6.75 billion shares valued at RM9.65 billion against 6.04 billion shares valued at RM9.11 billion last week - Bernama

Posted by rikki > 2015-03-22 20:11 | Report Abuse

@SpeedyBoy....thank you....just sharing some info....can be current local/foreign news; stock to watch due to latest development or financial results and flashback on some potential stocks. You are also welcome to post here.

Posted by rikki > 2015-03-23 18:37 | Report Abuse

No bubble trouble for stocks yet: Goldman Sachs

Risky assets such as equities are not yet in bubble territory, Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer said Monday. 

Stocks received a further boost last week when the U.S. Federal Reserve indicated that interest rates would remain low for some time, even if they are lifted later this year. The Fed's key interest rate is just 0.25 percent, a level it has held since 2008 when it was cut amid the global financial crisis.
http://www.cnbc.com/id/102526236

Posted by rikki > 2015-03-23 19:03 | Report Abuse

GST Info

Goods and Services Tax (GST) will be implemented effective April 1, 2015 and the rate is fixed at 6%. Sales tax of 10% and service tax of 6% will be replaced with GST. Under GST, most of the goods and services (except basic necessities) will be charged at every stage of the supply chain – even the ones that was previously not charged with Sales and Service Tax (SST). This means we will likely be paying more to purchase or use these goods and services, which were not taxed previously.

1. Credit card

The RM50 government tax charged annually on credit cards and the RM25 fee for supplementary cards, will be abolished from April 1, 2015 when the Goods and Services Tax (GST) is implemented. Instead, the 6% GST will apply on the credit card’s annual fees – which can range from RM70 to RM1,000 or more annually, depending on the type of card.

However, there will be no GST charges if the annual fee is waived, for example for free-for-life credit cards or those with annual fees waived, with stipulated minimum spending or transactions on a monthly or yearly basis.

To reflect the changes, the GST charged will be reflected as a separate item in the credit card statement. However, purchases will be reflected as a total amount inclusive of GST. There is some good news though, loyalty points or cash rebates will be given based on the 6% GST paid when using the credit card for retail purchases.

2. Books and e-books

The standard 6% GST will be imposed on all types of books except for dictionaries, encyclopedias, newspapers, texts, references, works and religious books. These books will be zero-rated and not be subjected to GST.

Local e-book suppliers like e-sentral and MPHonline will also be charging GST whereas foreign firms such as Google Play and Apple iBookstore would not be.

3. Housing

GST will also see basic construction materials such as cement, bricks and sand being taxed the standard 6% GST rate for both residential and commercial properties. Currently, these raw materials are not taxed under the existing SST. Heavy machineries such as cranes will be taxed too. Property developers normally do not buy such heavy machineries but rent them from other contractors – and it typically is factored into the construction cost.

Steel, bricks, and sand make up 44% of the construction cost and with these being charged GST, the cost of building a property is inevitably going to increase. Property companies expect GST to result in a maximum of 2.6% increase in house prices.

When the GST is implemented in April, residential property including SoHo (small office/home office) will be exempted. However, commercial properties including SoFo (small office/flexible office) and SoVo (small office/virtual office) would be subject to the 6% GST.

4. Fuel

RON95, Diesel and LPG (liquefied petroleum gas) will be exempted from GST implementation. However, RON97 will be subjected to the new 6% GST.

5. Electricity

A household will have 6% GST charged to the electricity bill for usage above 300 units.

6. Used cars

Currently, used cars are not subjected to SST and is not a GST zero rated item either. Therefore the car industry predicts that used cars will be subjected to an extra 6% tax after the implementation of GST in April.

7. Banking services

The RM1 MEPS fee charged when we withdraw from another bank’s ATM will increase to RM1.06. No GST will be charged if you make a withdrawal from your own bank’s ATM.

Similarly, other services offered by the bank, such as money transfers (e.g. cashier’s order and demand draft), telegraphic transfers, money exchange, loan, cheque, credit card, and debit card will see 6% GST charged to its service, commission or subscription fee.

8. Tuition fees

Beginning April, 6% GST will be imposed on tuition fees, as tuition centres are not categorised under educational institutions.

9. Beauty services

The price of beauty services like manicure, and hair and facial treatments will be subjected to 6% GST too. Massage services are also chargeable with the GST if the annual turnover for such businesses is RM500,000 and above. Aside from beauty services, cosmetics and other products for skin, hair and body care will also be charged GST.

However, operators registered to implement the GST will be able to lower their costs by claiming the input tax credit for premises rental fees, electricity costs and equipment purchased to carry out the services. Input tax refers to the GST paid by businesses on the purchase of goods and services used to perform their businesses.

Beauty products sold at airports as duty-free items will not be subjected to GST.

10. Insurance fees

All insurance policies except for life insurance will be charged 6% GST from April. GST would also impact all traditional and investment-linked policies which had medical, critical illness or personal accident benefits attached.

Posted by rikki > 2015-03-24 10:39 | Report Abuse

Stock To Watch
Peterlabs @ 0.23

The renewed interest in the poultry industry would also benefit companies offering animal health care services such as SCC Holdings Bhd, Peterlabs Holdings Bhd and Sunzen Biotech Bhd,

In view of the margin expansion and post-industry consolidation phase, we now see increased livestock production. We foresee demand for animal health products increasing in tandem.

The GST that takes effect next month is unlikely to impact demand for broilers and eggs, as both are zero-rated and exempted from the tax, analysts say. As they are staple products, demand is expected to remain consistent regardless of overall consumer sentiment - The Edge Weekly dated March 23, 2015

QUARTERLY REPORT FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2014

Review of performance:
The Group registered RM15.972 million revenue for the current quarter which represents an increase of RM2.573 million or 19.20% as compared to the revenue of RM13.399 million in the previous period’s corresponding quarter. The Group registered profit before tax of RM2.005 million for the quarter under review which represents an increase of RM0.827 million or 70.20% as compared to the Group’s profit before tax of RM1.178 million reported in the previous period’s corresponding quarter. Profit before tax improved due to higher revenue recorded coupled with higher gross margin achieved.
For the current quarter, trading segment registered revenue of RM15.002 million from the external customers and RM2.286 million from inter-company transaction and reported profit before tax of RM1.775 million for the quarter under review. In the previous quarter, the group achieved revenue of RM13.864 million from the external customers and RM2.539 million from inter-company transaction and reported profit before tax of RM0.923 million for the trading segment. The significant increase in profit before tax for the trading segment for the current quarter was mainly due to higher revenue generated coupled with higher gross margin achieved in the trading segment.
The manufacturing segment registered revenue of RM0.970 million from the external customers and RM4.630 million from inter-company transaction and reported profit before tax of RM0.230 million for the quarter under review. In the previous quarter, the Group achieved revenue of RM0.201 million from external customers and RM4.338 million from inter-company transaction and reported profit before tax of RM0.123 million for the manufacturing segment. The increase in profit before tax for the manufacturing segment for the current quarter was mainly attributable to higher revenue achieved in the manufacturing segment.

Prospects :
The Group has aligned its goals to focus on the manufacturing, distribution and trading of animal health and nutrition products with the aim to further develop in the current market and pursue increased market share in the export market. The Group’s next step is to develop the business segment into the aquaculture and ruminant sector and will continue to obtain GMP compliance to achieve higher quality standards for all products. Despite the current challenging business environment, barring any unforeseen circumstances, the Board of Directors expects the performance of the Group to remain satisfactory in the future.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1889305

Posted by rikki > 2015-03-24 10:58 | Report Abuse

Stocks With Momentum: Awc @ 0.40

AWC (Fundamental: 2.8/3; Valuation: 2.4/3) saw its share price surge 3.5 sen or 9.5% to all-time high of 40.5 sen yesterday. The stock appeared to attract periodic bouts of buying interest last year before volume subsequently fizzled out.

The facilities management services provider holds a 10-year concession to manage federal government buildings in several states, which is currently on interim extension. It also provides similar services to the private sector, as well as waste collection system solutions in Malaysia, Singapore and the Middle East.

For 1HFYJun15, net profit surged 463% from RM0.9 million to RM5.0 million, mainly due to higher project income and reversal of allowance for impairment losses.

The company has a solid balance sheet with net cash of RM68 million, or 30.2 sen per share, a significant 74.5% of the current share price. The stock trades at a trailing 12-month P/E of 7.4 times and 1.07 times book. No dividend was declared in FY2014.

http://www.theedgemarkets.com/my/article/stocks-momentum-awc-0

Posted by Mark T Bird > 2015-03-24 21:50 | Report Abuse

http://superawesomedeals.com.my/

Posted by Mark T Bird > 2015-03-24 21:55 | Report Abuse

Johan Holdings Bhd’s net losses widened to RM19.38mil in the fourth quarter ended Jan 31, 2015 from RM16.36mil a year ago, mainly due to the foreign exchange losses caused by the depreciation of the ringgit.

Posted by rikki > 2015-03-24 22:41 | Report Abuse

Euro zone business activity shoots up

Business activity in the euro zone hit a 46-month high in March, according to data released on Tuesday, bolstering hopes that growth in the region is becoming more entrenched.

Flash euro zone composite Purchasing Manager's Index (PMI) data from Markit came in at 54.1 in March, up from 53.3 in February, marking the fastest growth in almost four years. The composite reading measures both manufacturing and services activity, with the 50-point mark separating contraction from expansion.

http://www.cnbc.com/id/102529528

Posted by rikki > 2015-03-25 08:48 | Report Abuse

Stock To Watch
Nexgram @ 0.115, Nexgram-WA @ 0.05 & Nexgram-WC @ 0.055
Quarter on quarter Revenue increased 139% from 27,832m to 66,792m & profit increased by 112% from 2,202m to 4.680m.

Quarterly rpt on consolidated results for the financial period ended 31/1/2015 announced 24 March 2015

Review of performance:

(a) Performance of the current quarter against the preceding quarter
For the current quarter ended 31 January 2015, the Group recorded revenue of RM66.8 million as compared to RM25.0 million which recorded in the previous quarter ended 31 October 2014. The significant increased in the Group’s revenue by 167.2% which mainly due to the sales from Sensorlink Group, which secured few contracts during the period.
The Group recorded a profit before taxation of RM4.7 million for the current quarter ended 31 January 2015 as compared to profit before taxation of RM1.3 million recorded in the previous quarter ended 31 October 2014.

(b) Performance of the financial year-to-date against preceding year
corresponding period The Group’s revenue of RM116.0 million in the current 9-months financial period ended 31 January 2015 as compared to RM79.9 million reported in the previous year corresponding period. The Group’s revenue increased by 45.2% was mainly due to the revenue generated from the acquisition of Sensorlink Group.
The Group recorded a profit before taxation of RM7.9 million in the current 9-months financial period ended 31 January 2015 as compared to RM5.1 million reported in the previous year corresponding period.

(c) Performance of the current quarter/ period against the preceding year corresponding quarter/ period The Group’s revenue of RM66.8 million in the current 3-months financial period ended 31 January 2015 as compared to RM27.8 million reported in the previous year corresponding period. The Group’s revenue increased by 140.3% was
mainly due to the revenue generated from the acquisition of Sensorlink Group.
The Group recorded a profit before taxation of RM4.7 million in the current 3-months financial period ended 31 January 2015 as compared to RM2.2 million reported in the previous year corresponding period.

Current year's prospect:

Nexgram Land Sdn Bhd, a wholly-owned subsidiary of Nexgram Holding Berhad is the developer for the below-mentioned projects. In December 2014,Nexgram Land Sdn Bhd and Myangkasa Bina Sdn Bhd have signed an Off-Take Agreement cum Sales & Purchase Agreement, with Gross Development Value of RM297,387,000.00 for Project 1 and RM1,147,200,000.00 for Project 2. Total Gross Development Value for both project is RM1,444,587,000.00.

Information of the property projects:

Putrajaya Project is residential development on a 5.3 acre commercial land (Malay Reserved Land) located beside Precinct 19, Putrajaya. The Development components consisting of the following:-
a) 3 blocks 20-storey serviced apartment tower of total 659 units with built-up area ranging from 850 sq ft to 1,100 sq ft.
b) 1-storey of facility floor above podium.
c) 5-storey of podium block elevated car park.
d) 10 units of retails/shops at the Ground Floor.
The expected full completion date for the project will be early of year 2019.

Cyberjaya Project is a mix commercial development on a 5.9 acres commercial land located at Persiaran Apec, Cyberjaya. The development components consisting of the following:-
a) 1 block 22-storey office tower with average built-up area of 12,500 sq ft per floor.
b) 1 block 21-stroey SOVO of total 360 unit with average built-up area of 750 sq ft per unit.
c) 1 block 23-storey Serviced Suites of total 495 unit with average built-up area of 390 sq ft per unit.
d) 19 units of retail/shops at Ground Floor with average built-up area 4,000 sq ft per unit.
e) 1 podium block with 6 storey of elevated car park.
f) 1 level of facility floor above the podium block.
g) 3 storey of basement car park.
The expected overall completion date of the project will be by end of year 2019.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1911909

Posted by rikki > 2015-03-25 17:26 | Report Abuse

Flashback - K1 @ 0.51

Quarterly rpt on consolidated results for the financial period ended 31/12/2014 announced 25 February 2015

PERFORMANCE REVIEW
(a) Current quarter compared to the corresponding quarter of last year
(4Q’14 vs 4Q’13 )
For the fourth quarter ended 31 December 2014, the Group achieved sales revenue of RM 54.2 million as compared to sales revenue of RM51.8 million for the corresponding quarter last year. The increase of 5% in sales was mainly attributed to the increased demand of mobile phone accessories and to a lesser extent, contributions from new consumer electronic products’ customers and also healthcare
devices’ customers.
The Group registered profit attributable to equity holders of the parent company of RM3.3 million as compared to the same of RM1.9 million for the corresponding quarter last year. Profit increased by 74% due mainly to the contributions from the streaming of new products with better margins and the existing products having improved margins as a result of various profit enhancement measures such as materials cost reduction and productivity improvement taken thus far. Additionally, the current quarter benefitted from not having to carry the remnants of the loss making wire-harness (household appliances) business which pulled down the profitability for the same quarter last year. Operating expenses were higher due mainly to more frequent trips overseas to manage and secure potential future business. Interest payment was reduced to an immaterial amount while on the contrary, the Group recorded interest income. In fact, as at the close of the fourth
quarter, the Group has no short and long term borrowings from the banks.
(b) Current quarter versus the preceding quarter
(4Q’14 vs 3Q’14)
Sales revenue for the fourth quarter ended 31 December 2014 at RM54.2 million was 11% higher than the preceding quarter of RM48.9 million. The increase in sales was mainly attributed to the continued ramping up of production of mobile phone accessories, particularly new product lines to tie in with new product launches and fulfilment of higher demand from the consumer electronics and health-care devices’ customers.
The Group registered profit attributable to equity holders of the parent company of RM3.3 million as compared to the same of RM3.1 million in the preceding quarter, representing a 6% increase in profitability. The profit increase was mainly due to a higher sales turnover of 11% and improved margins contributed by new product
launches.

COMMENTARY ON PROSPECTS AND TARGETS
The Group achieved sales of RM186.1 million in 2014 against the same of RM171.3 in 2013. Thus, the year-on-year sales growth is 9%. The key contributors to the sales growth were attributed to mobile phone accessories and the emerging consumer electronics and healthcare devices. As has been since the establishment of the Group in 2001, on average, more than 90% of its sales are for the export market.

For 2014, the Group exported 99% of its products/services so its performance is very dependent on the sentiment of the global economy. In this regard, the global economy, on the overall and in particular, the major ones such as US, Europe, China and Japan experienced intermittent and uncertain growth in 2014. Against such a backdrop, the Group has nevertheless performed well in growing its sales.

Moving forward, in the current year (2015), the Group anticipates to sustain and grow through tapping the existing customers in mobile phone accessories, surveillance cameras, consumer electronic products and automotive aggregates plus targeting emerging markets such as the healthcare wearables and medical devices industries. Furthermore, the Group expects to enhance its growth by leveraging on its track record in mobile phone accessories and consumer electronic products’ innovation by focusing on new customers in these sectors. The market
diversification into healthcare wearables and customer expansion will have their business challenges which the Group will attempt to resolve by relying on its technical and management experience.

Profit wise, the Group made profit attributable to equity holders of the parent company of RM11.9 million for 2014 as compared to RM1 million in 2013, representing an increase of 1,090%. The turnaround in 2013 has been extended to 2014 in a convincing manner. The significant increase in profits were attributable to the launching of new products with better margins from both existing and new customers, materials cost reduction, productivity improvement, overheads/expenses control and last but not least, sales growth.

Posted by rikki > 2015-03-25 17:30 | Report Abuse

K1 - (cont'd)

COMMENTARY ON PROSPECTS AND TARGETS(Cont’d)

Exercises such as materials cost reduction, productivity improvement and the likes to enhance profitability will continue in 2015 even though we expect improving profits based on assumed projected increased sales as the year unfolds. Nonetheless, it is good to exercise prudence in this uncertain cum volatile global economic climate, a case of uncertainty being the quick and sudden tumble of crude oil price towards the end of last year resulting in a major impact in the global economy and business landscape.

Towards the final month of last year and the beginning of this year, the US dollar has strengthened and held its strength against the Malaysian Ringgit. This works to the Group’s advantage as more than 90% of its sales remittances are denominated in US dollars. On the other hand, it will have an adverse impact on earnings if the
Malaysian Ringgit takes on the reverse role and gain strength against the US dollar. In this respect, it has been the Group’s guiding principle and practice to conduct natural hedging ie paying almost all its major suppliers in the same currency ie US dollars as its receiving remittances to mitigate the risks posed by currency
fluctuations.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1884925

Posted by dotdotdot > 2015-03-25 17:31 | Report Abuse

thanks rikki

Posted by rikki > 2015-03-25 18:30 | Report Abuse

@dotdotdot.....you are most welcome. Hope you made good money from the market :)

Posted by kc18 > 2015-03-26 00:13 | Report Abuse

Thanks rikki
M new here.your write up on various stock is really wonderful and
provide a good guideline for new investor like me.keep up the good work and is a blessing for having you around here.

Posted by rikki > 2015-03-26 08:22 | Report Abuse

@kc18.....thank you for visiting.....stock trading is like an 'art',
you keep on learning eventhough you are not able to master it. I3 is one of the best forum.

Posted by dotdotdot > 2015-03-26 08:34 | Report Abuse

same to u bro rikki, hope everyone huat huat huat from the market... hehe

Posted by rikki > 2015-03-26 20:28 | Report Abuse

Econpile

Econpile order book hits RM500m with IOI Rio City job

KUALA LUMPUR: Econpile Holdings Bhd’s order book has exceeded RM500m, which will be recognised until 2016, with the new RM54.5mil contract to undertake the sub-structure for IOI Rio City in Puchong, Selangor.

The piling and foundation specialist said on Thursday the contract, awarded by Flora Development Sdn Bhd, was to undertake the piling and related works for the IOI Rio City mixed development.

The contract is part of the IOI Rio City integrated development in Bandar Puteri Puchong which has an estimated gross development value of RM6bil over 72 acres.

Econpile executive director and group CEO Raymond Pang said with this new contract, the group’s total order book to date exceeds RM500mil.

“The unabated growth pace in the property development sector in Klang Valley points to the anticipated sustained demand for high-value developments in strategic locations, including the suburbs to the city centre.

“We believe that this market growth would be even more pronounced in the future due to an ever-growing population and increasing urbanisation,” he said. 

Pang said expects the real estate sector, comprising the building of both residential and commercial space, will continue to be active. 
http://www.thestar.com.my/Business/Business-News/2015/03/26/Econpile-order-book-hits-RM500m-with-IOI-Rio-City-job/?style=biz