Posted by rikki > 2015-04-11 08:01 | Report Abuse

Bro hit, congrats to you too on frontkn. Suddenly so many new ids in frontkn thread & WW3 there !!!

Posted by rikki > 2015-04-11 18:28 | Report Abuse

Bursa To Track Higher Momentum On Improved Risk Appetite
By Zairina Zainudin

Shares on Bursa Malaysia are poised to trade higher next week, boosted by positive corporate sentiment and improvement in risk appetite.

Affin Hwang Investment Bank vice-president/head of retail research Datuk Dr Nazri Khan Adam Khan said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) would remain buoyant amid a new round of recharged bullish momentum.

“FBM KLCI will maintain above the 1,830 point-level and support level of 1,800 points, before retesting the next resistance levels at 1,850 and 1,880 points,” he told Bernama.

On the external front, he said delay in the US Federal Reserve rate hike, European mega stimulus, easing tensions between Iran and Western powers, and no-loan-default of Greece would help fuel Bursa Malaysia upside next week.

For the week just ended, the local market started the week firmer, spurred by the likely delay in US’ interest rate hike, but the momentum pulled down by profit-taking activities that emerged on Wednesday.

On a Friday-to-Friday basis, the FBM KLCI gained 9.79 points to 1,844.31 from 1,834.52 last Friday. The FBM Emas Index surged 79.43 points to 12,662.46, FBMT100 Index advanced 69.66 points to 12,348.75, the FBM 70 increased 94.42 points to 13,579.17, but the FBM Ace dropped 107.74 points to 7,124.3. The Industrial Index improved 44.03 points to 3,401.12, the Finance Index eased 2.08 points to 16,325.86 and the Plantation Index trimmed 17.74 points to 7,794.55.

Weekly turnover decreased to 9.42 billion units worth RM9.26 billion from 10.94 billion units worth RM9.06 billion last week. Main market volume rose to 5.63 billion shares valued at RM8.45 billion from 4.89 billion shares valued at RM7.95 billion the previous week.
- Bernama

Posted by rikki > 2015-04-13 06:51 | Report Abuse

AllianceDBS Research 13/4/15

Technical Buy - Sealink @ 0.42
TP 0.46-0.50
Cut-Loss - 0.40

Posted by rikki > 2015-04-13 09:36 | Report Abuse

Ewein eyes next Tanjong Pinang project

Ewein Bhd ( Financial Dashboard), which is developing its first property project valued at RM800 million at Bandar Tanjong Pinang, Penang in a joint venture (JV) with Consortium Zenith BUCG Sdn Bhd (CZBUCG), is looking to bag the next parcel of land the latter will be offering for development there.

It expects the next project to be up for grabs in the second half of this year.

“We are now working closely with CZBUCG to explore the potential [development] of the next parcel of land measuring 4.29 acres (1.73ha). It will also require the approval of the Penang Island City Council on the planning permission for the proposed development,” Ewein managing director Datuk Ewe Swee Kheng told The Edge Financial Daily in an interview last week.
http://www.theedgemarkets.com/my/article/ewein-eyes-next-tanjong-pinang-project

Posted by rikki > 2015-04-13 11:46 | Report Abuse

Stocks With Momentum: Frontken @ 0.22

Frontken (Fundamental: 1.8/3, Valuation: 1.1/3) was the most actively traded stock last Friday with more than 177 million shares changing hands. It closed up 2.5 sen or 13.2% to 3-year high of 21.5 sen.

Frontken provides surface and mechanical engineering services to a wide range of heavy industries such as oil & gas, power generation and semiconductor.

For 2014, revenue saw a significant 62.6% increase to RM309.8 million. Domestic market accounted for about half of total revenue, with the balance coming from, mainly, Taiwan and Singapore.

Net profit surged to RM18.8 million, a reversal from net loss of RM2.3 million in 2013, due to stronger demand from the semiconductor industry and progressive income recognition from a hydrocarbon project in Tanjung Bin, Johor.

Frontken has a net cash position of RM28.8 million. The stock is trading at a trailing 12-month P/E of 10.6 times and 0.96 times book value of 24 sen.
http://www.theedgemarkets.com/my/article/stocks-momentum-frontken

Posted by rikki > 2015-04-14 07:55 | Report Abuse

AllianceDBS Research 14/4/15

Technical Buy - KKB @ 1.55
TP 1.72 - 1.80
Cut-Loss - 1.49

Posted by rikki > 2015-04-14 09:14 | Report Abuse

Stock To Watch - Tasco @ 3.78
TP 4.76 by RHB
Tasco - Promising Growth Outlook

Tasco is actively being invited to participate in more regi onal logistics contracts, which should propel its earnings growth further to an estimated 3-year CAGR of 17.4%. Maintain BUY with a higher TP of MYR4.76 (26% upside, 13x FY16F EPS), after raising FY15-17 earnings forecasts by 7-12%. We like Tasco for its improving ROEs of 11-13%, solid net cash position and strong earnings CAGR.

Full house. Tasco’s new Port of Tanjung Pelepas (PTP) 2-storey warehouse measuring 210,000 sqf commenced operations in late Jan2015, and we understand that utilisation space is currently full. We gather that demand at PTP is overwhelming, putting pressure on Tascoto seek more warehouse space by leasing from third parties in the interim.

Bidding for new jobs. Tasco has a client base of 80 companies which use its warehouses throughout Malaysia. Its managing director, Freddie Lim was quoted in The Edge Weekly that it is actively bidding for new jobs – receiving as many as 80-100 invitations for regional logistics contracts. The recent appointment of Tasco’s chairman and founder, Lee Check Poh as Yusen Logistics’ (Yusen) (9370 JP, NR) regional executive officer for South Asia and Oceania effective 1 Apr 2015 should propel Tasco to grow its customer base further, in our view.

Forecasts. We expect Tasco’s warehousing business to be the key topline driver, which should spur revenue contribution from its trucking division and contract logistics division. We expect these two divisions to grow by 12-20% in FY16-17, but we conservatively only expect theairfreight and sea freight divisions to grow by 2-3% over the next two years. In view of the favourable outlook for Tasco’s expansion plans, we raise our earnings projections for FY15/FY16/FY17 by 7%/12%/11% respectively.
http://klse.i3investor.com/blogs/rhb/74677.jsp

Posted by rikki > 2015-04-14 20:15 | Report Abuse

Cahya Mata bags RM308m Sarawak museum, heritage trail job

Cahya Mata Sarawak Bhd (CMSB) ( Financial Dashboard) has bagged a RM308 million contract from the Sarawak state government to build a world class museum and a heritage trail in Kuching.

In a filing with Bursa Malaysia, CMSB (fundamental: 3; valuation: 1.1) said PPES Works (Sarawak) Sdn Bhd, a subsidiary of CMS Works Sdn Bhd which in turn is a wholly-owned subsidiary of CMSB, today signed a design and build and negotiated contract with the Sarawak government for the proposed Sarawak Museum Campus and Heritage Trail project.

Under the deal, CMSB will construct a museum and an adjoining annexe building with a combined total floor space of 30,000 cu m, as well as a heritage trail in central Kuching.

The overall duration of the contract is 60 months, with completion by the first quarter of 2020.

CMSB said the project will be taken in phases to ensure that sections of the museum will always stay open to visitors.

"The Sarawak government will fund the construction of the project. The funds will be released accordingly to work progress under the conventional building industry mode of payment," it added.

The contract is expected to contribute positively to the future earnings of CMSB Group for the financial years ending Dec 31, 2015 to 2020.

http://www.theedgemarkets.com/my/article/cahya-mata-bags-rm308m-sarawak-museum-heritage-trail-job

Posted by MrNobody > 2015-04-14 20:16 | Report Abuse

very funny country. most part of the country is already a Natural Live Museum, why the need to build somemore?

why do u think foreigners orang putih come here? to see the 1900 in 2015.

Posted by rikki > 2015-04-15 08:11 | Report Abuse

Retail sales rebound signals thaw in economic activity

(Reuters) - Retail sales rose in March for the first time since November as consumers stepped up purchases of automobiles and other goods, suggesting a sharp slowdown in economic growth in the first quarter was temporary.

The Commerce Department's fairly sturdy report on Tuesday together with other data showing that producer inflation crept up last month should keep the Federal Reserve on track to start raising interest rates later this year.

An unusually snowy winter undercut activity early in 2015. Labor disruptions at normally busy West Coast ports, a stronger dollar and softer global demand also have hurt growth.

"A rebound in retail sales in March provides evidence that the U.S. economy is pulling out of a soft patch seen at the start of the year. The improvement in retail sales ... adds to the likelihood of policymakers voting to hike rates this year," said Chris Williamson, chief economist at Markit in London.

Retail sales increased 0.9 percent in March, broadly in line with expectations. That was the largest gain since the same month last year and snapped three straight months of declines that had been blamed on harsh winter weather.
http://www.reuters.com/article/2015/04/14/us-usa-economy-idUSKBN0N51CQ20150414

Posted by rikki > 2015-04-15 08:18 | Report Abuse

Bye-bye USA: Investors putting money elsewhere

2015 has seen the light start to dim on the U.S. bull market and shine more brightly in some unlikely corners of the world, like Russia, Israel and Japan. European stocks have staked their claim as new world leaders, and China and Japan equities have ripped higher as well.

Investors have taken notice in a big way, giving TINA some competition by spreading their money around the world.

Funds that focus on global equities have taken in $81.5 billion this year, a pace that, if continued, would break a record for four-month inflows in the category, according to data research firm TrimTabs. Thanks to a record $7.8 billion in European funds, March inflows are at $34.8 billion, also a single-month record, with April already showing a $14.8 billion inflow total. (The totals include mutual and exchange-traded products.)
http://www.cnbc.com/id/102585800

Posted by rikki > 2015-04-15 08:28 | Report Abuse

MYEG: Time to step aside

Sometimes we can bite off more than we can chew. That's the story of MYEG, a company that obtained a license to handle the renewal of working permits for foreign workers. The government has now agreed to the award of more license instead of giving MYEG the monopoly in this business.

Given the sharp rise in MYEG share price - from RM0.50 in May 2013 to about RM3.00 recently - this negative news can end its uptrend. I see the immediate support levels at RM2.40 or RM2.20. If these two support levels fail, then it could go down to RM1.55.
http://nexttrade.blogspot.com/

Posted by connie > 2015-04-15 08:40 | Report Abuse

good morning rikki .. thanks so much for the info on MYEG :):) i was just reading this from alpha trader ..
http://klse.i3investor.com/blogs/klgemseeker/74695.jsp

Posted by YS Babe > 2015-04-15 10:04 | Report Abuse

selamat pagi semua! mark! awak dari puncak ke able group hehehe

Posted by Mark T Bird > 2015-04-15 10:18 | Report Abuse

ho ho ho

Posted by rikki > 2015-04-15 11:07 | Report Abuse

Eco World jumps 3.41% after Kenanga IB starts coverage

Shares of Eco World Development Group Bhd ( Financial Dashboard) rose at mid-morning today after Kenanga IB Research initiated coverage on the stock at RM1.77 with an “Outperform” rating and target price of RM2.05.

At 9.45am. Eco World rose 3.41% or 6 sen to RM1.82 with 2.45 million shares done.

In a note today, the research house said its targ price only offered a 16% total return albeit applying a property RNAV discount of 35% (peer average: 50%).

It said the lower-than-sector average discount was for their:(i) solid management team who were pioneers in property development, (ii) huge appetite for landbanking which will provide

strong newsflow, (iii) ability to gain market share due to right product positioning as a township player and their experience with aggressive advertising and promotion.

Kenanga IB Research said resilience was seen in Eco World’s on-going projects as take-up rates for recent launches had been strong at 80%-100% versus industry average of 50%-60% within the first 3 months of launch.

“This will result in strong earnings growth of 420%-344% in FY15E-FY16E.

“Although normalisation of PERs may take up to FY17 as property contributions are still at an early stage while net gearing is expected to remain relatively high at 0.57x-0.65x over FY15-16E, we still like the stock as a longer-term value emerging stock given their aggressive growth path and the management team.

“Expect Eco World to be a ‘must-have’ stock as we will not be surprise if it becomes a market leader,” it said.
http://www.theedgemarkets.com/my/article/eco-world-jumps-341-after-kenanga-ib-starts-coverage

Posted by rikki > 2015-04-15 11:13 | Report Abuse

hehe conie....there are many views both positive & negative on myeg. CIMB still promote as one of their top small-cap.

btw....I see great potential in ecowld-wa & I belief the share price will be able to double in less than 2 years.

Posted by rikki > 2015-04-15 11:26 | Report Abuse

Benalec gains 1.85% for progress in oil storage hub project

In a note to its client today, Am Research had maintained a “buy” recommendation on Benalec with an unchanged fair value of RM1.25 a share. This pegs the stock at a 45% discount to its sum-of-parts (SOP) value.

“We foresee this latest move as a measure of Benalec's commitment to develop its 3,485-acre Tg. Piai concession into a future oil storage hub via TPIPMIP.

“Apart from power, we expect the group to be in the midst of planning for other infrastructure requirements within the industrial park. This comes as the group had earlier submitted plans to raise RM200 million via convertible bonds,” the research firm said.

Am Research also expected initial works of between 100 acres to 200 acres at Tg. Piai to commence within the next few months.

“All in all, we believe the increased level of activities will improve the visibility of TPIPMIP when attracting major international oil storage players. However, as always, the real challenge will be finding trailblazing offtakers. Negotiations with 1MY Strategic Oil Terminal is expected to be concluded by June 11,” it added.
http://www.theedgemarkets.com/my/article/benalec-gains-185-progress-oil-storage-hub-project

Posted by Tessa Joseph > 2015-04-15 11:29 | Report Abuse

Mark, now gostan, sure can ka???

Tracking Global News

IMF Kept Global Growth Forecast Unchanged, Cut Forecast For US Economy But Upgraded Europe And Japan

US Retail Sales Rebounded In March, Albeit Slower Than Expected, As Consumers Returned To Spend

Eurozone’s Industrial Production Rebounded In February, Pointing To Stronger Growth

China’s Credit Growth Moderated, But Remained Relatively Strong In March

Singapore’s Advance Real GDP Estimate Slowed Down In 1Q 2015, But MAS Kept Its Monetary Policy Stance Unchanged

Indonesia Held Main Rate Unchanged To Protect Currency

visit : http://superawesomedeals.com.my/stockmarket

Posted by Mark T Bird > 2015-04-15 11:31 | Report Abuse

110%

Posted by YS Babe > 2015-04-15 11:52 | Report Abuse

Tessa, traffic website awak ramai dari mana?

Posted by Tessa Joseph > 2015-04-15 11:55 | Report Abuse

google +, I buka untuk public, facebook too

Posted by connie > 2015-04-15 12:38 | Report Abuse

rikki ... property counters have been rosy lately !! is it THE theme to play now ??? noted with thanks on ecowld ... tan sri liew will make it happen err perhaps triple :)

Posted by rikki > Apr 15, 2015 11:13 AM | Report Abuse
hehe conie....there are many views both positive & negative on myeg. CIMB still promote as one of their top small-cap.
btw....I see great potential in ecowld-wa & I belief the share price will be able to double in less than 2 years.

Posted by rikki > 2015-04-15 20:32 | Report Abuse

New substantial shareholder emerges in Khee San 
  
Confectionery manufacturer Khee San Bhd, whose share has rallied in recent days, saw the emergence of Lim Pei Tiam @ Liam Ahat Kiat as a substantial shareholder. 

A filing with Bursa Malaysia on Wednesday showed Lim had bought 4.55 million shares or 5.18% on Monday, April 13. 

Lim is an executive director of Komarkcorp Bhd which is involved in labelling solutions. 

The share price had surged from 48.4 sen on April 6 to 56 sen on April 13. 

London Biscuits is the single largest shareholder in Khee San with a 28.58% stake or 19.72 million shares.

London Biscuits’s core businesses are cakes confectionery, sweets and candies, wafers and assorted snack confectionery. 

http://www.thestar.com.my/Business/Business-News/2015/04/15/New-substantial-shareholder-emerges-in-Khee-San/?style=biz

Posted by Mark T Bird > 2015-04-15 22:36 | Report Abuse

oh my

Damansara Realty Bhd (D Bhd) made a loss for the financial year ended Dec 31, 2014, not a profit as announced in its recent quarterly unaudited results report to Bursa Malaysia.

The Johor-based developer told the exchange on Wednesday that it did not record a net profit after tax of RM3.035mil; instead, it incurred a net loss after tax of RM4.505mil.

Posted by Hitman > 2015-04-15 22:37 | Report Abuse

Bro Mark, what is your Mqtech TP?

Posted by Mark T Bird > 2015-04-15 22:40 | Report Abuse

bro
my tp 0.25 :-)

Banking tycoon Tan Sri Quek Leng Chan has ceased to be a substantial shareholder in mid-cap fabricator TH Heavy Engineering Bhd (TTHE), effective yesterday (April 14).

Posted by Hitman > 2015-04-15 22:42 | Report Abuse

Ok bro Mark..u dont feel its going to fly like Wintoni r bro?

Posted by Mark T Bird > 2015-04-15 22:44 | Report Abuse

I dare not say :-)

Posted by Hitman > 2015-04-15 22:56 | Report Abuse

Ok.:-(

Posted by rikki > 2015-04-16 08:22 | Report Abuse

AllianceDBS Research 16/4/15

Technical Buy - SBC Corp @ 0.98
TP 1.07 - 1.12
Cut-Loss - 0.955

Posted by rikki > 2015-04-16 09:16 | Report Abuse

Eco World's RM1bil 190ha mega deal, set to be big player in Penang

Eco World Development Group Bhd will ink a deal next week with the Penang Development Corp (PDC) to purchase 190.2ha in Batu Kawan and in the process become a major property developer in the state.

Sources said Eco World, which was the only bidder for the land, would pay about RM1bil or RM50 per sq ft for the 190.2ha.

The group will sign the sale and purchase agreement with PDC at a later date, but it is learnt that the award would be handed out next week in a ceremony to be attended by Eco World chairman Tan Sri Liew Kee Sin.

According to sources, Eco World is planning a major township development on the 190.2ha that is estimated to have a gross development value of RM10bil and is expected to last several years.

“Eco World is paying over RM50 per sq ft for the leasehold land that will have a development density of 60 units per acre. Eco World will use 60.7ha for the development of the golf course and the remainder for a mixed-development project comprising 60% residential and 40% commercial properties,” sources said.

Eco World will develop a waterfront city overlooking the island, a shopping mall, hotels and serviced condominiums for the site.
http://www.thestar.com.my/Business/Business-News/2015/04/16/Eco-Worlds-mega-deal/?style=biz

Posted by Mark T Bird > 2015-04-16 10:52 | Report Abuse

Yo, Bro Hit, you can ask Bro CT

Posted by YS Babe > 2015-04-16 10:56 | Report Abuse

La HIT tanya awak bukan CT. CT tak pandang MQTECH de hehehe

Posted by YS Babe > 2015-04-16 10:59 | Report Abuse

Tessa Google Plus masih hidup lagi..aku tengok mcm boring jer. Hit kalau awak kata MQtech jadi mcm WINtoni, aku agak boleh kut hehehe

Posted by Tessa Joseph > 2015-04-16 11:12 | Report Abuse

Public OK

Posted by YS Babe > 2015-04-16 12:20 | Report Abuse

amboi amboi Mark, ablegrp hehehe

Posted by Hitman > 2015-04-16 23:10 | Report Abuse

Ys Babe, hopefully..hehe

Posted by rikki > 2015-04-17 08:01 | Report Abuse

AllianceDBS Research 17/4/15

Technical Buy - Naim @ 2.90
TP 3.10 - 3.20
Cut-Loss - 2.81

Posted by rikki > 2015-04-17 10:12 | Report Abuse

IFCA MSC rises 1.23% on firm outlook, target price upgrade

Shares of IFCA MSC Bhd ( Financial Dashboard) rose in early trade today on the back of positive outlook for the company and target price upgrade by CIMB Research.

At 9.20am, IFCA MSC was up two sen to RM1.64 with 533, 500 shares traded.

In a note April 16, CIMB Research said it recently took IFCA MSC’s management on a roadshow in Singapore and Hong Kong.

CIMB Research has maintained “Add” on IFCA MSC at RM1.63 with a higher target price of RM1.92 (from RM1.48).

The research house said it met 21 fund managers from 18 institutions.

CIMB Research said investor interest was strong for IFCA MSC and some were surprised that it was successful in China.

“Management spoke about its plans to launch service as a software (SaaS) in the domestic market in mid-2015.

“We raise our FY15-17 EPS forecasts by 5%-28% to reflect potential earnings from SaaS, which lifts our target price, still based on 21x 2016 P/E (in line with domestic peers).

“The stock remains an Add. Potential catalysts include higher-than-expected take-up rates for SaaS and its transfer to the Main Board in 2H15,” it said.
http://www.theedgemarkets.com/my/article/ifca-msc-rises-123-firm-outlook-target-price-upgrade

Posted by tsy88 > 2015-04-17 13:36 | Report Abuse

Rikki ... wow, Ifcamsc going up all the way after breaking high of 1.40 . No looking back. Think Tp of 1.92 given is achievable. Cheers.

Posted by rikki > 2015-04-17 18:11 | Report Abuse

tsy88, cimb very daring....revised tp twice recently......can't wait for the quarter result ;)

Posted by tsy88 > 2015-04-18 11:25 | Report Abuse

Rikki ... g

Good morning. Yeah, agree wth you. Come Monday, share prices will be a sea of red n Ifcamsc also wont be spared !!

Have a great weekend with loved ones.

Posted by rikki > 2015-04-18 11:34 | Report Abuse

Wall Street falls steeply with China, Greece fears paramount

The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.

Selling followed sharp overseas stocks declines and was broad, with all 10 major S&P 500 sectors losing ground.

Among the biggest drags, the S&P financials index was down 1.3 percent, with shares of Dow component American Express falling 4.4 percent to $77.32 after revenue missed analysts' estimates, partly due to the currency impact.

The Dow and S&P 500 both snapped two weeks of gains. For the week, the Dow was down 1.3 percent, the S&P 500 down 1 percent and the Nasdaq down 1.3 percent.

Both Honeywell International and General Electric blamed the strong dollar for lower revenue. Shares of Honeywell were down 2.1 percent at $101.70, while GE shares were down 0.1 percent at $27.25.

China's securities regulator warned investors to be cautious as Chinese shares hit seven-year highs. China allowed fund managers to lend stocks for short-selling and expanded the number of stocks investors can short.

China H-Share index futures fell 3.4 percent. Global equities lost ground as the weakness in China carried through to European and U.S. markets.

"We saw selling overseas, and that spilled over into the U.S. We've had a nice rally over the last few weeks to the upper half of the trading range, and it's moving back over," said Adam Sarhan, chief executive of Sarhan Capital in New York.

"It's still too early to tell what earnings are going to be for the quarter, but there haven't been that many upside surprises. And that's what we need to see."

The Dow Jones industrial average fell 279.47 points, or 1.54 percent, to 17,826.3, the S&P 500 lost 23.81 points, or 1.13 percent, to 2,081.18 and the Nasdaq Composite dropped 75.98 points, or 1.52 percent, to 4,931.81.

Market participants were also concerned Greece could leave the euro zone as it tries to reform its economy and deal with heavy debt. Greece dismissed reports it needed to tap remaining cash reserves to meet salary payments.

http://mobile.reuters.com/article/idUSKBN0N816320150418?irpc=932

Posted by calvintaneng > 2015-04-18 12:56 | Report Abuse

The Book says, "A Prudent person foresees the evil and hides himself (from danger)".

With China Clamping Down on Runaway Speculation, Greece Default & US Export Hammered due to Strong Dollar the inevitable correction might hit all shores.

On monday all markets might be hit in unison. But there is opportunity in crisis if you know where to find it.

Those stocks with exposure to outside influence will be more badly hit than those well protected ones.

Which are the well protected ones? Those that will Greatly Benefit from The Huge Cash Infusion of RM250 BILLIONS When BN Implements its 11MP next month in May 2015.

The secret is to find out which one that will Benefit Most from This RM250 BILLION PROJECTED SPENDING WINDFALL.

Posted by rikki > 2015-04-18 16:38 | Report Abuse

Alliance DBS considers re-rating Unisem

Semiconductor packaging and test service provider Unisem Bhd could be in for a re-rating in its valuation, according to Alliance DBS Research.

The research house said this was in view of the firm’s rising contribution from advanced packages and strong ties with RF customers.

Unisem’s key differentiation among other companies, it said, was its investment in advanced packaging technologies such as wafer-level chip-scale packaging (WLCSP).

With the rising number of customer using WLCP, Alliance DBS said this could help the group increase its market share.

Additionally, it said Unisem was also riding on the strong growth in RF customers, US-based Skyworks Solutions and Qorvo, which contribute close to 30% of its revenue.

“The company has a strong relationship with the companies, as evidenced by the numerous best supplier awards received.

“We think it is inevitable that Skyworks and Qorvo will increase their outsourcing activities to cope with the robust demand,” said Alliance DBS in its report yesterday.

It said this was reflected in the higher capital expenditure spending by Unisem to expand its wafer bumping and WLCSP capacity.

Alliance DBS raised Unisem’s financial year 2015 (FY15) to FY16 forecast earnings by 20 to 28%. “Our FY15 to FY16 forecast revenue growth assumption (in US$ terms) is now higher at 6 to 7% compared with 4% previously,” it said, adding that this was still below management’s 8% guidance for FY15 forecast.

Alliance DBS has a “buy” call on the stock and increased Unisem’s target price-to-book (P/B) to 1.7 times (from 1.5 times) with a higher target price of RM3.05 and 14% return on equity (ROE).

Unisem’s share price closed yesterday unchanged at RM2.44 with 10.9 million shares traded, giving it a market capitalisation of RM1.6bil.

http://www.thestar.com.my/Business/Business-News/2015/04/18/Alliance-DBS-considers-rerating-Unisem/?style=biz

Posted by rikki > 2015-04-20 08:23 | Report Abuse

China makes big cut in bank reserve requirement to fight slowdown

China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.

The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective from April 20, the central bank said in a statement on its website www.pbc.gov.cn.

"Though the growth in the first quarter met the official target of around 7 percent for 2015, the slowdown in several areas, including industrial output and retail sales, has caused concern," said a report published by the official Xinhua news service covering the announcement.

The latest cut, the deepest single reduction since the depth of the global crisis in 2008, shows how the central bank is stepping up efforts to ward off a sharp slowdown in the economy.
http://www.reuters.com/article/2015/04/19/us-china-economy-rrr-idUSKBN0NA09X20150419

Posted by rikki > 2015-04-20 08:26 | Report Abuse

China surprised cut bank ratio may spur further rally
Posted in Uncategorized on 19/04/2015 by J&J 35

We suppose to expect a correction ahead for next week. A sudden move by China cut bank ratio to spur growth may revert the trend and push HSI and regional markets higher. A bull market needs liquidity and that’s the momentum now

Posted by rikki > 2015-04-20 20:38 | Report Abuse

KWAP emerges as Hovid substantial shareholder

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has emerged as a substantial shareholder in Hovid Bhd.

Filings with Bursa Malaysia on Monday showed the pension fund held 5.3% or 40.547 million shares as at April 9.

KWAP bought five million Hovid shares on April 8 from the open market and increased its stake to 38.547 million shares or 5.042%.

On April 9, it bought two million shares and raised the stake further to 40.547 million shares or 5.303%.

Hovid’s pharmaceutical division manufactures and markets more than 350 types of ethical drugs, health and dietary supplements.

http://www.thestar.com.my/Business/Business-News/2015/04/20/KWAP-emerges-as-Hovid-substantial-shareholder/?style=biz

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

Why Europe’s stock rally has a long road ahead

The potential for a "great rotation" into European stocks from bonds could be on the way, given low -- or even negative -- yields in government bond markets, one equity strategist told CNBC Monday.

"We still see, particularly in Europe, the potential for a great rotation," Neil Dwane, CIO for European Equities at Allianz Global Investors, told "Squawk Box" Europe.

"We think there's over 5 trillion euros ($5.37 trillion) now of cash and bonds that yield nothing, whereas even if you just buy a European index ETF [Exchange Traded Fund] you get a yield of 3.1 percent," he said.

A 1 trillion euro stimulus program from the European Central Bank has helped drive government bond yields lower across the euro zone.

http://www.cnbc.com/id/102600775