Posted by rikki > 2015-03-27 20:08 | Report Abuse

The Last Of The Mohicans

Frontken @ 0.185 - The only penny stock with good FA that has not moved.


Posted by rikki > Feb 28, 2015 12:36 AM | Report Abuse X 

Stocks To Watch  
Outstanding Quarter Results  

1) Frontkn @ 0.18  
Turnover qoq increased 93% from 54.4m to 105.1m & profit 292% from loss of 2.447m to profit of 7.155m  

2) Privasia @ 0.155  
Turnover qoq increased 88% from 15.1m to 28.4m & profit 183% from 1.788m to 5.070m

Posted by rikki > Mar 17, 2015 09:05 AM | Report Abuse X

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


Quarterly rpt on consolidated results for the financial period ended 31/12/2014 announced on 27 Feb 2015

Analysis of performance:

The Group’s revenue for the current quarter and 12 months ended 31 December 2014 (“FY2014”) saw a significant increase of approximately RM50.7 million (93.1%) and RM119.2 million (62.6%) respectively compared to corresponding period of the preceding year. The improvement was mainly attributable to the better business performance by the Group’s subsidiaries in Taiwan and Malaysia.
There was a ramp up in the semi-conductor business in Taiwan due to improved outlook in this sector. In the case of Malaysia, the better performance was mainly due to the recognition of progressive revenue from the ATB project in Tanjung Bin coupled with higher revenue from both our oil and gas and semi-conductor division.
Against the same period last year, the profit before tax (“PBT”) for the current quarter and 12 months ended 31 December 2014 increased by approximately RM7.4 million and RM22.2 million respectively as a result of improved business. The disposal of investment in an associate company also contributed to the improved results in 2014 in view of the Group share of losses of RM1.3 million in the last corresponding period.

Comparison with immediate preceding quarter:

The Group’s revenue increased by 25.7% or approximately RM21.5 million during the current quarter to RM105.052 as compared to RM83.554 the immediate preceding quarter. This was mainly due to higher revenue recorded by its subsidiaries in Malaysia for its oil and gas and semi-conductor division and subsidiary in Taiwan in the semi-conductor business. The Group’s unaudited PBT increased from RM8.8 million in the immediate preceding quarter to RM9.9 million in the current quarter, in line with the improved performance of the Group during the quarter.

Prospects for the next year:

The Group continued with an improved Q4 results and saw its 12 months profit surged to RM23.2 million compared to RM0.5 million for the same period last year. The improvement in business and operating performance augur well with us and this represents an encouraging sign that the Group is on the right track of recovery from the slowdown and deferment of projects by our customers in 2013.
In 2014, our effort in focusing on the quality of our services and efficiencies so as to maintain our competitiveness for enhancing business performance has been rewarded and this was reflected in the significant improvement in profit compared to 2013. The Group’s acquisition of 45% stake in TTES Frontken Integrated Service Sdn Bhd (formally known as TTES Team & Specialist Sdn Bhd )(“TTES”)) is also starting to show the desired synergized effects to the Group and contributed positively to the Group’s result since its acquisition. The Group is confident that TTES will continue to improve its overall performance in 2015.
With the encouraging outlook in Taiwan’s semi-conductor sector, the Group is also confident that its Taiwan subsidiary will continue to deliver positive result to the Group.

The Group anticipates that the overall business conditions next year will continue to be challenging amidst global economic conditions uncertainty and slower growth in the regional economies. The Group’s ATB project in Tanjung Bin is expected to be completed and delivered to customer in 2015. Nevertheless, the Group believes with the right marketing approach, the Group business prospect in 2015 remains positive and encouraging barring unforeseen circumstances.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1888901

Note : This is not a buy or sell call.

Posted by rikki > 2015-03-28 14:08 | Report Abuse

Stock To Watch
Bornoil @ 0.815 - Shinning Star With 3 Gold Mining Contract In Hand
Bornoil-WB @ 0.685 (Exercise Price RM0.10)

Review of Performance :
The Group’s overall turnover y-o-y increased significantly from RM11.272M to RM35.598M or 215.8% due to a satisfactory completion of a oil related contract and good performances from the gold mining and related operations and continuing good performance of the fast food and franchising division.
As a result of which they have enhanced the Group’s overall profit for both the quarter and the year. Profit after tax y-o-y jumped to RM5.231M from a loss of RM354K.

Current Year Prospects :
The Board is optimistic of achieving a much better result in line with the corporate plans and vision in the future if there is no unforeseen circumstances that will affect our operation and planning

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1915289

Posted by rikki > Mar 11, 2015 07:59 PM | Report Abuse X

Bornoil

3rd Gold Mining Contract Since March 2014.

The Board of Borneo Oil Berhad('BOB") is pleased to announce that its wholly-owned subsidiary, Borneo Oil and Gas Corporation Sdn Bhd (“BOG”) has entered into an Exclusive Production Sharing Agreement with HDL Global Sdn Bhd ("HDL") on 11th March 2015 (“Agreement”) to carry out prospecting, exploration, mining, extraction, processing, marketing, sales and collection of sales revenue with respect to all minerals and precious metals including gold (“Mining Works”) on an exclusive basis on an area known as Blok A, SKC(H) 1/2001, Hutan Simpan Bukit Ibam, Mukin Keratong, Daerah Rompin, Pahang with a total area of 1,200 ha (2,965 acres) (“Mining Area”).

The said Mining Area was contracted to HDL by Perbadanan Kemajuan Negeri Pahang (“PKNP”) on 21st May 2010. PKNP was granted approval by the State Government of Pahang a prospecting licence to carry out large scale exploration of minerals on the Mining Area.

A Mining Lease (reference: ML 17/2009) covering an area of 187 ha (462.08 acres) located at Lot 25442, Hutan Simpanan Bukit Ibam, Mukim Keratong, Rompin, Pahang has been issued to PKNP on 9thDecember 2009.

In addition, HDL has five (5) additional mining leases under application (“New Prospecting Areas”).

Note : This is not a buy or sell call

Posted by CityTrader > 2015-03-28 14:17 | Report Abuse

Hi bro Rikki. Tq for ur hardwork to keep us updated.

Posted by rikki > 2015-03-28 14:21 | Report Abuse

hehe bro CT, long time no see....hope everyone huat huat next week
........cheers!!!

Posted by rikki > 2015-03-31 06:44 | Report Abuse

Credit Suisse buys 5% stake in Sona

Credit Suisse Group has acquired a substantial 5% stake in Sona Petroleum Bhd, the country' largest special purpose acquisition company.

"The announcement by Credit Suisse is a sign of confidence in our strategy and the Sona management, who continue to work tirelessly to comply with the regulatory requirements and timeline to complete the qualifying acquisition," said Sona in a statement yesterday.

http://m.thesundaily.my/news/1369965

Posted by rikki > 2015-03-31 07:58 | Report Abuse

Peterlabs @ 0.32 - Support Line

PETERLABS Holdings breached the historical high of 31 sen to set a new record of 32.5 during intra-day session. The positive breakout, accompanied by bigger volumes should open the windows for the bulls to continue exploring the unknown territory in the short-term. Initial support is anticipated at the 26.5-sen level.

http://www.thestar.com.my/Business/Business-News/2015/03/31/Suport-Line/?style=biz

Posted by rikki > Mar 24, 2015 10:39 AM | Report Abuse X

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

Posted by rikki > 2015-03-31 08:02 | Report Abuse

Seacera to develop project worth RM10bil in GDV

Seacera Group Bhd is expected to develop a township-concept project on a 202.34-hectare site in Hulu Langat with a gross development value (GDV) of more than RM10bil.

We think this project will be a success because our land is nearer to the city than other properties which are located further away. 

The take up is expected to be good, if the positive respond received by other developers in the area is anything to go by, he told a press conference after the companys extraordinary general meeting (EGM) here today. 

http://www.thestar.com.my/Business/Business-News/2015/03/30/Seacera-to-develop-project-worth-RM10bil-in-GDV/?style=biz

Posted by CityTrader > 2015-03-31 08:07 | Report Abuse

Gd morning bro Rikki.
I missed ur recommended stks as duno how to bookmark this link on my hp. Tq alot.

Posted by AyamTua > 2015-03-31 08:08 | Report Abuse

Good Morning my friends! GBU all...

Posted by rikki > 2015-03-31 08:29 | Report Abuse

Good morning bro CT & AT.

Plabs, in terms of recent profit if consistent with the next few quarters will push it’s PE down and potentially RM 0.40 only reflect PE of 10 times.

Eduspec is coming on strongly....cheers!!!!

Posted by happy118 > 2015-03-31 08:37 | Report Abuse

hi rikki Tq for ur hardwork to keep us updated. wat is the fair value for the stock you mentioned the abv?

Posted by CityTrader > 2015-03-31 13:00 | Report Abuse

Plabs - TP 0.34/0.36, final upleg to go
Nice - TP 0.26/0.30, final upleg to go.
CAP - TP0.46/0.54 unless it breaks down below 0.33
Esceram - TP0.395/0.47 unless it breaks down below 0.27.
Mieca - TP0.885/1.05
MPI - TP8.80.

Above are my own holding portfolio.. Enjoy trading .. Cheers

Posted by CityTrader > 2015-03-31 16:55 | Report Abuse

LCTH hit my TP1 445. Next 470

DSGB TP155/160

Posted by tsy88 > 2015-04-01 12:56 | Report Abuse

CityTrader - Lcth looking good. All the way up!! Cheers....? I bought Nice. Hoping it will reach your aforesaid Tp.

Posted by rikki > 2015-04-01 22:02 | Report Abuse

Europe's bulls run...but for how long?

After an indifferent start, Europe's equity markets posted stellar gains on the first day of the brand new trading quarter, with many analysts predicting further upside for the region in the next three months.

The pan-European Euro Stoxx 600 index clocked gains of around 17 percent in the first quarter -- its best quarterly percentage gain since the third quarter of 2009 and the best first-quarter gain since 1998.

http://www.cnbc.com/id/102553011

Posted by rikki > 2015-04-01 22:14 | Report Abuse

Super Enterprise

Super Enterprise Holdings Bhd, which manufactures product decorating and labelling solutions and sells labelling machines, has attracted interest from NASDAQ-listed Multi-Color Corp (MCC).

Super Enterprise (fundamental: 2.5; valuation: 1.8) said in a filing today that it has received a non-binding indication of interest from MCC dated March 27, 2015 to “explore a potential transaction” involving its shares.

MCC requires, among others, a due diligence to be satisfactorily completed before it can proceed to the stage of making a definitive offer involving the shares of Super Enterprise, if applicable,” Super Enterprise said in a statement, adding it has agreed for MCC to undertake a due diligence exercise.

The scope of due diligence would include the operations of Super Enterprise and its subsidiaries, customers, suppliers and financials of the group - The Edge Market dated April 1, 2015

Posted by rikki > 2015-04-02 19:09 | Report Abuse

Doubts over U.S. growth cool dollar rally

The U.S. dollar lost ground on Thursday, the last trading day of the week for many markets ahead of Easter, after disappointing economic data on Wednesday raised doubts over the growth outlook ahead of key jobs data due Friday.

Although non-farm payrolls are expected to show an increase of 245,000 jobs in March, according to economists polled by Reuters, Wednesday's data hit U.S. equities and reinforced concerns that the dollar's recent rally has weighed on exports.

Thursday's pullback in the U.S. dollar index .DXY, which is still up some 8 percent year-to-date, gave a boost to emerging-market stocks .MSCIEF -- trading at a one-month high -- as main emerging currencies strengthened against the dollar.

http://mobile.reuters.com/article/idUSKBN0MT01T20150402?irpc=932

Posted by rikki > 2015-04-03 10:31 | Report Abuse

Stock To Watch

Ecowld-WA @ 0.74 ( Exercise Price RM2.08 )

Eco World Development Group Bhd - Restructuring in the home stretch

Target RM2.60 (Stock Rating: ADD)

Eco World's 1QFY10/15 net profit was broadly in line with expectations and made up 8% of our full-year forecast. New sales amounted to only RM440m in 1Q but should meet the full-year target of RM3bn as sales pick up in future quarters due to new launches. The group will be launching four new projects this year - Eco Terrace, Eco Tropics, Eco Business Park 3 and Eco Sanctuary. We retain our EPS forecasts, Add recommendation and target price basis of 10% discount to RNAV. Eco World remains one of our top picks in the property sector, with the completion of the restructuring exercise, strong sales in upcoming quarters and landbanking as key catalysts.

1Q results in line

1QFY15 was broadly in line with expectations even though net profit met only 8% of our full-year forecast. We expect future quarters to be much stronger, driven by strong unbilled sales which stand at RM3.06bn currently. Eco World did not declare interim dividends, in line with expectations.

1Q sales of RM440m

Eco World sold RM440m worth of properties in 1Q. RM215m came from Johor (Eco Spring RM160m, Eco Tropics RM26m, Eco Botanic RM24m and Eco Business Park I RM5m) and another RM225m came from the Klang Valley (Eco Majestic RM196m, Eco Sky RM18m and Saujana Glenmarie RM12m). The sales were largely in line with expectations as Eco World is targeting to sell RM3bn worth of properties in FY15 and RM4bn in FY16. With four new projects to be launched, we believe it is on track to meet its sales target.

Restructuring exercise

Eco World's share price went ex of the 1-into-2 share split in Jan and ex of the 1-for-2 rights issue with 4 free warrants-for-5 rights shares in Mar. In Feb, the group completed the acquisition of landbank from Eco World Sdn Bhd for RM3.8bn. The only outstanding component of the restructuring exercise now is the 20% private placement, which should be completed in 2Q15. With the restructuring finally almost completed, Eco World's management can fully focus on operational issues and drive the company to greater heights.

Source: CIMB Daybreak - 20 March 2015, Full PDF Report

Posted by rikki > 2015-04-05 19:30 | Report Abuse

FBM KLCI To Continue Upside Momentum
By Farhana Ponima
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to continue its upside momentum and trade within a narrow range of 1,840 to 1,850 points next week, driven by favourable external factors.
Affin Hwang Investment Bank vice-president/ head of retail research, Datuk Dr Nazri Khan Adam Khan, said the momentum would be driven by positive global macro data, reduced geopolitical tension in Iran and broad stimulus from the European Central Bank as well as The People’s Bank of China.
The local equities market ended the first quarter of 2015 firmer on hopes that China would adopt further stimulus measures to bolster growth, supported by reduced Iran-Greece geopolitical tension.
“The FBM KLCI remains firm despite the perception that it is going to be a rough year for Bursa Malaysia given the Goods and Services Tax (GST) implementation and softening ringgit. “However, we see no negative impact from the GST implementation on investor sentiment, as proven by the consumer and properties sectors, the two most sensitive sectors to consumption tax, which gained 0.3 per cent and 0.4 per cent week-on-week, respectively,” he told Bernama. He said in fact, the GST should have a positive impact on corporate earnings and the stock market as it would reduce business cost, encourage transparent and cheaper pricing, reduce shadow economic activities and boost export.
On Fridayto-Friday basis, the FBM KLCI gained 21.15 points to 1,834.52 from 1,813.37 last Friday. Weekly turnover increased to 10.94 billion units worth RM9.06 billion from 10.21 billion units worth RM9.5 billion last week. Main market volume fell to 4.89 billion shares valued at RM7.95 billion from 6.06 billion shares valued at RM8.59 billion the previous week - Bernama

Posted by SpeedyBoy > 2015-04-05 20:51 | Report Abuse

@rikki, keep up the good work.

Posted by rikki > 2015-04-05 20:58 | Report Abuse

@speedyboy....hopefully the bull charge ahead next week....cheers!!!

Posted by rikki > 2015-04-06 08:27 | Report Abuse

MCT

GW Plastics completes book-building, offer price fixed at RM1.28 a share

GW Plastics Holdings Bhd has completed its book-building process and it has fixed the offer price at RM1.28 a share under the reverse takeover by property-based MCT Consortium Bhd. GW Plastics acquired the entire 100% of property-based MCT Consortium Bhd from the vendors Tan Sri Goh Ming Choon and Datuk Seri Tong Seech Wi for RM1.2bil cash consideration. (StarBiz)
http://klse.i3investor.com/blogs/valueinvestorresearchklse/74037.jsp

Posted by Tessa Joseph > 2015-04-06 15:55 | Report Abuse

Hi all. I have been busy lately..here there...hmmm

I have updated my website :
http://superawesomedeals.com.my/

Feel free to visit any time you like.

Malaysian news highlights

· RHB Bank may take over parent’s listing status

· Tenaga-SIPP submits high tariff for Project 4A

· IJM Land, Sime Darby join as new Malaysian consortium partners in MCKIP

· Dialog gets shareholders’ nod for Pengerang projects

· DRB-Hicom to export Volkswagen Polo, Jetta CKD units to Indonesia

· Proton, Lotus eye return to profit in FY16

· Bintulu Port gets nod for extension of concession

· IWC to gain RM1.2bn from sale of land in Johor

· Barakah bags Sabah contract

· Penang Port’s RM350m dredging plan postponed

· Protasco wins RM58m infrastructure project

· Swedish equity firm EQT eyes Cocoaland

· KWAP eyeing Magna land?

· Malakoff locks in cornerstones for IPO, say sources

· JCorp to list another Islamic REIT soon

Posted by rikki > 2015-04-06 15:58 | Report Abuse

Oil up more than $1 after Saudi's Asia price hike

Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region.

International benchmark Brent regained ground after tumbling as much as 5 percent on Thursday, when a preliminary nuclear deal was finally reached between world powers and Iran. More Iranian oil could enter global markets if that is followed by a comprehensive deal by June.

But analysts warned a ramp-up in exports could take months and would likely not happen before 2016.
http://www.reuters.com/article/2015/04/06/us-markets-oil-idUSKBN0MX01T20150406

Posted by Mark T Bird > 2015-04-06 16:00 | Report Abuse

Thanks Tessa! Its good to see you again!! :-)

Posted by YS Babe > 2015-04-06 16:24 | Report Abuse

Greetings!

Website Tessa tu, kalau nak tengok stocks news kena click page lain, tengok kat belah atas

saja aku kasi tau sebab ada kekawan tak perasan hehehe

Posted by rikki > 2015-04-06 17:58 | Report Abuse

KLCI scales five month high

Sustained foreign fund buying saw the FBM KLCI closing above 1,842 which was its highest close since November 2014 as the ringgit staged a rebound against the US dollar.

At 5pm, the FBM KLCI was up 8.42 points or 0.46% to 1,842.94. Turnover was nearly two billion shares valued at RM1.68bil. The broader was mixed with 393 gainers, 379 losers and 342 counters unchanged.

The ringgit firmed up against the US dollar to 3.6315 from the previous close of 3.6693.

Telekom Malaysia, MISC, Public Bank and Genting Malaysia were among the major movers of the 30-stock KLCI. The recovery of crude oil prices also underpinned oil and gas counters.

Last week, foreign funds were net buyers on Bursa Malaysia at RM203.8mil while local retail investors were net sellers at RM166.30mil. Local institutions were also net sellers at RM37.5mil, according to BIMB Securities Research.
http://www.thestar.com.my/Business/Business-News/2015/04/06/KLCI-scales-five-month-high/?style=biz

Posted by Tessa Joseph > 2015-04-06 18:59 | Report Abuse

Rikki so rajin. Mark u r welcome. Ys u r right♡

Posted by Mark T Bird > 2015-04-06 21:21 | Report Abuse

what have you been up to lately?

Posted by CityTrader > 2015-04-06 22:54 | Report Abuse

Bro Rikki, good work.
Hi Tessa, how re u ?

Posted by cherry tomato > 2015-04-06 23:07 | Report Abuse

Thanks Rikki for the update.

Posted by tjhldg > 2015-04-06 23:15 | Report Abuse

Halo bro Rikki , mark , Tessa ,kuya , cherry suka tomato... Wish all huat huat ...
Hahaha. . GU lai liauuuuuuuuuuuuuuuu
Huat aaarrrrr ....

Posted by rikki > 2015-04-07 09:21 | Report Abuse

HLIB Research starts coverage on Evergreen Fibreboard, target RM1.47

KUALA LUMPUR (April 7): Hong Leong IB Research has initiated coverage on Evergreen Fibreboard Bhd ( Financial Dashboard) with a “Buy” rating at RM1.13 with a target price of RM1.47 and said the company was one of the top 5 producers of engineered wood-based products in Asia, which main products consisting MDF and particleboard, with combined annual production capacity of more than 1.3m m³.

In a report today, the research house said it believed the strong share price performance has yet to fully reflect its true fundamentals, as we anticipate Evergreen’s earnings prospects to remain bright in the near to medium term.

“We are projecting Evergreen’s net profit in 2015 to multiply from RM200,000 in 2014, to RM64.3 million-RM86.3 million in 2015 and 2016 respectively, underpinned by: (1) Higher selling prices; (2) Higher sales mix of value added products (which yield better profit margins); and (3) Management’s ongoing efforts in streamlining its operations.

“We initiate coverage on Evergreen with a Buy recommendation and target price of RM1.47 (based on 10x average 2015-2016 EPS of 14.7 sen), providing an upside of 30%,” it said.

http://www.theedgemarkets.com/my/article/hlib-research-starts-coverage-evergreen-fibreboard-target-rm147

Posted by rikki > 2015-04-07 10:22 | Report Abuse

helo helo....bro tj, ct, cherry tomato, Tessa, mark, ys babe.....hope everyone riding on the super bull.....hehehe

Posted by YS Babe > 2015-04-07 10:50 | Report Abuse

suka tengok ramai sini...hehehe
tessa awak ada dengar cerita pasal MQTECH, mark kata Zhang li pun beli, dia kan ke antara the richest man kat China kan kan

Posted by Mark T Bird > 2015-04-07 10:52 | Report Abuse

Net worth $1.73 Billion
hohoho

Posted by Tessa Joseph > 2015-04-07 11:05 | Report Abuse

Hi all. Suda updated my website. Yup am busy with work...rushing here and there phew!!! Mqtech ada dengar something about big parcel land in malacca nak develop for tourism. Not sure rumours ka official ka. Happy trading to all.

Posted by Mark T Bird > 2015-04-07 11:27 | Report Abuse

Zhang Li - Top 10 real estate tycoons in China
bought a bit
GTG

Posted by YS Babe > 2015-04-07 11:38 | Report Abuse

oh gitu!
elok simpan dulu
aku kerja dulu hehehe KUTPAI

Posted by Tessa Joseph > 2015-04-07 14:46 | Report Abuse

If not mistaken I saw about it kat investlah can double check there hmmm

Posted by rikki > 2015-04-07 17:05 | Report Abuse

U.K. Services Growth Hits Seven-Month High as Economy Picks Up

U.K. services growth accelerated to a seven-month high in March as the broader economy gained momentum in the first three months of 2015.

Markit Economics said Tuesday its Purchasing Managers’ Index rose to 58.9 from 56.7 in February. Economists had forecast 57, according to the median estimate in a Bloomberg News survey. A reading above 50 indicates expansion.

The report, taken together with data last week on manufacturing and construction, suggests the economy will grow 0.7 percent this quarter after a 0.6 percent increase at the end of 2014, Markit said. Britain’s political parties are battling over claims to economic competency with less than five weeks to go before the general election.

http://www.bloomberg.com/news/articles/2015-04-07/u-k-services-growth-hits-seven-month-high-as-economy-picks-up

Posted by rikki > 2015-04-08 10:54 | Report Abuse

Encorp in talks to develop Felda land

KUALA LUMPUR: Encorp Bhd ( Financial Dashboard) is in preliminary discussions with its major shareholder Felda Investment Corp Sdn Bhd (FIC), the investment arm of the Federal Land Development Authority (Felda), to explore a collaboration in property development.

In a filing with Bursa Malaysia yesterday, Encorp (fundamental: 0.45; valuation: 1.4) said to date, no formal terms or agreement have been reached.

FIC owns 72.27% of Encorp shares.

Encorp was commenting on a news report indicating that the firm was confident of partnering Felda to develop the latter’s land bank in key urban areas within Selangor, Melaka and Johor.

The report indicated the proposed collaboration could see Encorp becoming the master developer of the Felda land.

Encorp shares closed up three sen or 2.21% at RM1.39 yesterday, giving it a market capitalisation of RM384 million.

Encorp has risen 32% this year, significantly outperforming the FBM KLCI’s 5% gain.
http://www.theedgemarkets.com/my/article/encorp-talks-develop-felda-land

Posted by rikki > 2015-04-08 18:55 | Report Abuse

Flashback - Sycal @ 0.465 ( Consistent 3 Years Of Growth )

Quarterly rpt on consolidated results for the financial period ended 31/12/2014 announced 27 Feb 2015

Material change in the Quarterly Results compared to previous quarter:-

The Group recorded revenue of RM127.2 million and gross profit of RM14.27 million for the current quarter as compared to revenue of RM118.7 million and gross profit of RM13.79 million for previous quarter. Group revenue
has increased as construction activities for the shopping malls at Taiping (completed in November 2014) and Klebang Ipoh picked up.

Review of Performance of the Company and its Principal Subsidiaries :-

The Group recorded revenue of RM402.476 million for year ended 31.12.2014 as compared to RM292.327 million recorded for 2103 whilst gross profit increased from RM31.754 million in 2013 to RM47.745 million in 2014.
Group's revenue is higher due to increased construction activities arising from contracts in Taiping and Ipoh and increased revenue from the ready-mix concrete operation.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=S&source=M&securityCode=9717
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1889277

Posted by rikki > 2015-04-08 19:20 | Report Abuse

MyEG may see competition in online renewal of foreign workers' permits

My EG Services Bhd (MyEG), whose shares have jumped more than 30% year to date, may see competition in the business of online renewal of foreign workers’ permits.

Deputy Home Minister Datuk Dr Wan Junaidi Tuanku Jaafar said on Wednesday the Government was looking for an alternative to MyEG in that area.

The move was to prevent the monopoly by MyEG of online renewal of permits for foreign workers.
http://www.thestar.com.my/Business/Business-News/2015/04/08/MyEG-may-see-competition-in-online-renewal-of-foreign-workers-permits/?style=biz

Posted by rikki > 2015-04-09 19:19 | Report Abuse

KNM bags contracts worth RM204m from Japan, Spanish groups

KNM Group Bhd ( Financial Dashboard) has secured three projects worth a combined US$56.67 million (RM204.01 million) from Japan's Toyo Group and Spanish-based Tecnidas Reunidas Group.

In a filing with Bursa Malaysia today, KNM (fundamental: 0.85; valuation: 1.8) said its wholly-owned subsidiaryKNM Process Systems Sdn Bhd was awarded a US$33.53 million contract by Toyo Group to supply columns, reactors, drums and tanks for the Pengerang Integrated Petroleum Complex Project in Johor.

The group also won a US$15.17 million contract from Tecnicas Reunidas Group to supply reactors, columns and pressure vessels for the same project.

Its third contract valued at US$7.97 million, involves supplying towers to Toyo Engineering Corp of Japan for the Turkmengas Petrochemical Complex project in Turkmenistan.

"The contract period for the three projects runs between 12 months and 18 months," said KNM.

The projects are expected to contribute positively to KNM Group's earnings for the financial years ending Dec 31, 2015, and 2016.

http://www.theedgemarkets.com/my/article/knm-bags-contracts-worth-rm204m-japan-spanish-groups

Posted by rikki > 2015-04-09 19:22 | Report Abuse

Stocks gain momentum, Europe at seven-year high

World stocks marched higher again on Thursday, drawing support from European auto sales and German trade data, while expectations that the first U.S. interest rate increase will come in the latter part of the year continue to grow.

Investors also breathed a sigh of relief as Greece confirmed it will pay a 450 million-euro loan tranche to the International Monetary Fund on Thursday, meeting a deadline and taking the immediate heat off the cash-strapped country.

http://mobile.reuters.com/article/idUSKBN0N001520150409?irpc=932

Posted by rikki > 2015-04-10 08:07 | Report Abuse

Semiconductor device market headed for sustained growth in 2015, says SEMI

The global semiconductor device market is headed for sustained growth this year, riding on the strong revenue growth last year, according to the US-based Semiconductor Equipment and Materials International (SEMI).

In a review of 2014 released in its Global Update on April 7, SEMI senior marker analysts Lara Chamness said 2014 was the second record breaking year in a row in terms of semiconductor device revenues.

She said the industry grew a robust 10% to total US$336 billion, citing the World Semiconductor Trade Statistics (WSTS).

Chamness said the strong momentum of the device market was enough to drive positive growth for both the equipment and materials markets.

“After two successive years of revenue decline, both the equipment and materials markets grew 18% and 3%, respectively last year.

“Even though the semiconductor materials market did not enjoy the same magnitude of recovery as the equipment market last year, the materials market has been larger than the equipment for the past seven years,” she said.
http://www.theedgemarkets.com/my/article/semiconductor-device-market-headed-sustained-growth-2015-says-semi

Posted by Tessa Joseph > 2015-04-10 10:12 | Report Abuse

Malakof IPO
http://superawesomedeals.com.my/ipo

Posted by Mark T Bird > 2015-04-10 15:55 | Report Abuse

:-)

Posted by rikki > 2015-04-10 19:34 | Report Abuse

Censof wins “Customs” accounting system contract

Censof Holdings Bhd has received orders worth RM2.31mil from Brilliance Information Sdn Bhd for a contract named “Financial Accounting System for the Royal Malaysian Customs Department.”

The financial management solutions firm told Bursa Malaysia on Friday that the contract given to its wholly-owned subsidiary, Century Software (M) Sdn Bhd, had a tenure of 33 months starting this month.

It includes nine months of implementation followed by two years of maintenance service. Thereafter, the maintenance service will be renewable on a yearly basis, but the time frame has yet to be determined.
http://www.thestar.com.my/Business/Business-News/2015/04/10/Censof-wins-Customs-accounting-system-contract/?style=biz