Posted by Mark T Bird > 2015-05-23 18:20 | Report Abuse

hi tess, just came from your website :-)

Posted by rikki > 2015-05-24 21:06 | Report Abuse

BURSA: FBM KLCI To Trade Sideways Next Week.
By Azlee Nor Mahmud
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to consolidate sideways between 1,800 and 1,780 level next week, weighed down by the hawkish US Federal Reserve statement and weak global economic data.
Affin Hwang Investment Bank vice-president and head of retail research Datuk Dr Nazri Khan said the economic data included lower than expected figures on the US home sales, the US Manufacturing Purchasing Managers’ Index (PMI), the Germany Manufacturing PMI, and the French Manufacturing PMI.
On the local front, he said the monetary allocation under the 11th Malaysia Plan (11MP) and its focus on public and private investments should be a major catalyst in purchasing local stocks over the medium term. In addition, he said the 11MP and its allocation on power sector would be able to provide support for the sideway weakness.
“We also note the consumer confidence index improved five points to 94 points in the first quarter of this year, according to the Nielsen Global Survey, suggesting that Malaysian consumers are generally confident with the economic conditions despite the Goods and Services Tax implementation and rising prices,” he told Bernama.
Main market volume increased to 6.62 billion units worth RM8.97 billion against 4.57 billion shares valued at RM7.99 billion last week.
- Bernama

Posted by rikki > 2015-05-24 21:22 | Report Abuse

Greece does not have the money to make June IMF repayment: interior minister

Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail.

Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been scraping state coffers to meet debt obligations and to pay wages and pensions.

After four months of talks with its euro zone partners and the IMF, the country's leftist-led government is still scrambling for a deal that could release up to 7.2 billion euros ($7.9 billion) in remaining aid to avert bankruptcy.

http://mobile.reuters.com/article/topNews/idUSKBN0O908520150524?irpc=932

Posted by rikki > 2015-05-25 08:40 | Report Abuse

Stock To Watch

Evergreen @ 1.16 Good quarter 1 result

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=E&securityCode=5101

Posted by rikki > 2015-05-25 21:35 | Report Abuse

Grand-Flo sees better FY15 on higher contributions from property, tracking solutions segments

Tracking solutions provider and property developer Grand-Flo Bhd is expecting to see a better overall performance for its financial year ending Dec 31, 2015 (FY15) on higher revenue contribution from its property segment and its product tracking solutions, with the latter seeing better sales due to the implementation of the goods and services tax (GST).

Grand-Flo (fundamental: 1.4; valuation: 0.8) group president and managing director Derrick Tan said its first quarter ended March 31(1QFY15)'s net profit of RM5 million is already 75% of its full year FY14 net profit of RM6.67 million.

"We expect our Thai-associate company, Simat Technologies Public Company Ltd, to turn black by the end of this year," he told reporters after the group's annual general meeting today.

Furthermore, he said Grand-Flo aims for its property development segment to contribute to half of the group's revenue in the financial year ending Dec 31, 2015 (FY15) from 20% in FY14.

Grand-Flo diversified its business to include property development in 2014; it now has two on-going projects in mainland Penang - Vortex Business Park and The Glades - with gross development values of RM220 million and RM63 million, respectively.

Both projects are targeted for completion in 2017. Unbilled sales of RM78.1 million from them will be recognised till 2017.

"We will also benefit from the implementation of GST as businesses look for solutions," he said, adding that the company will target small and medium businesses, especially those in the fast moving consumer goods (FMCG) and food and beverage (F&B) industries.

Its current orderbook for the tracking solutions segment is at RM14 million.

Grand-Flo posted a net profit of RM5.03 million in 1QFY15, up 50.6% from RM3.34 million a year ago; revenue was up 91.69% at RM27.22 million compared with RM14.2 million a year ago.

This was attributable to a favourable product mix as well as contributions from the property segment in the quarter under review.

Grand-Flo reported a net profit of RM6.16 million in FY14, down 52.51% from RM12.97 million in FY13; revenue was down 4.43% at RM85.64 million compared with RM89.6 million in FY13. 

http://www.theedgemarkets.com/my/article/grand-flo-sees-better-fy15-higher-contributions-property-segment-gst-related-solutions

Posted by rikki > 2015-05-25 22:23 | Report Abuse

Bornoil - Digging for Gold

Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) 
Description CHAPTER 9.36 , PART M 
MONTHLY PRODUCTION FIGURES FOR THE MONTH OF APRIL 2015. 
1. Inventory (LDMA Gold 999.9) : 6,149.69 oz / 191.28 Kg (32.1507 oz per kg) 

2. Ores mined : 9,639 tonnes 

3. Production of Gold Dore : 34.695 oz 

4. Gold price (USD/oz) : Low USD1,182.40 to High USD1,214.00 (month of April 2015)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4749225

Posted by rikki > 2015-05-26 00:03 | Report Abuse

Bornoil - Production Sharing Contract

To share net profit after tax (“NPAT”) generated from the Mining Project, 60% BOG and 40% HDL. NPAT is calculated as follows:- Sales revenue of the gold less all project and operational costs including recoverable costs (First Advance, 50% of the Second Advance and Subsequent Advances), tributes and all taxes, duties and levies payable or accrued to any authority whether Federal, State or otherwise.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1088153

Posted by rikki > 2015-05-26 18:59 | Report Abuse

Stock To Watch

Opensys @ 0.335

Commendable Quarter Result

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4751109

Posted by rikki > 2015-05-27 08:16 | Report Abuse

Technology for a Saudi fracking boom moves closer to reality

The key to an energy boom is simple: Build a technology to get at the oil and gas that geologists already know is trapped in various subterranean, or subsea, formations.

The fracking boom in the U.S. is the obvious example. Extracting seabed methane hydrate is another huge bet—energy-starved Japan has made that.

Saudi Arabia could be next to use new technology to get at currently trapped gigantic reserves of oil and gas. A small pilot project about to get under way is the energy market equivalent of a moonshot, but it could allow a Saudi fracking boom to move one step closer to reality.

All over the world, there are naturally fractured oil and gas reservoirs called carbonite formations, and no region has as much oil and gas trapped in carbonate formations as the Middle East. Carbonates are areas of sedimentary rock—limestone, for instance—that contain many natural cracks inside them.

Carbonite formations are estimated to hold 60 percent of the world's oil and 40 percent of the world's gas reserves. In the Middle East, roughly 70 percent of oil and 90 percent of gas reserves are trapped in the carbonite, according to oil services giant Schlumberger.

In hydraulic fracturing, water and other chemicals are injected underground through a well bore to extract oil and gas. The norm today is to use hydraulic pressure on a huge volume of undirected fluid, mostly water, to actually crack open the earth.

Extracting oil and gas trapped in carbonate formations has been done through a process known as acidization. Water mixed with hydrochloric acid (it's about an 85 percent water solution) is pumped into a well bore and then branches out into the carbonate formation and etches patterns in the rock formation—think of an image of roots underneath a tree.

But the conventional approach has some big problems. The acid may not make contact with areas of the rock formation that need to be dissolved in order to access trapped oil and gas. In other cases, the acid might just wash along the inside of the well bore and not make it out into the rock formation itself.

http://www.cnbc.com/id/102691084

Posted by rikki > 2015-05-27 11:48 | Report Abuse

Moody’s: 1MDB financial woes not sign of broad-based distress among GLCs

KUALA LUMPUR: Moody’s Investors Services says the financial troubles surrounding 1Malaysia Development Bhd (1MDB, unrated) are not a sign of broad-based distress among government-linked companies (GLCs).

It said on Wednesday that aside from 1MDB, a state-owned strategic development company, the GLCs companies have continued to service their outstanding debt.

The international ratings agency said the GLCs had been able to do so due to their solid track record of corporate governance and profitability, and no guarantees have yet to crystallise on the government's balance sheet.

http://www.thestar.com.my/Business/Business-News/2015/05/27/Moodys-1MDB-financial-woes-not-sign-of-broad-based-distress-among-GLCs/?style=biz

Posted by rikki > 2015-05-27 13:56 | Report Abuse

China April industrial profits reverse 6-month falling trend

SHANGHAI (May 27): Chinese industrial sector profits posted their first annual rise since last September, National Bureau of Statistics data showed on Wednesday, in a sign margin pressure on firms may be easing and government stimulus may be filtering into the real economy.

Industrial sector profits in April rose 2.6 percent from a year earlier, but were down 1.3 percent for the year to date, reflecting the extreme weakness of growth in the first quarter.

The statistics bureau said after the data that recent interest rate and fee cuts were boosting industrial profits, but that companies still faced weak demand and falling prices.

Analysts highlighted the recent bounce in oil prices, with the international benchmark Brent crude up close to $15 February to April, as one factor helping profits bounce back.

"The super simplistic model of Chinese corporate profits is that margin contraction or expansion aligns most closely with commodity prices, while volumes are driven more by construction activity," said Thomas Gatley, China Corporate Analyst at the economics consultancy Gavekal Dragonomics in Bejing.

"Currently we're seeing some margin pick-up coming from the bounce back in oil prices, but the underlying worry on volumes is that growth continues to grind lower and lower."

With China's credit and money supply data in April missing expectations on the one hand, and some signs of a bottom in the real estate sector on the other, analysts have been watching closely for any signs of a turnaround in the industrial sector.

http://www.theedgemarkets.com/my/article/china-april-industrial-profits-reverse-6-month-falling-trend

Posted by Mark T Bird > 2015-05-27 16:22 | Report Abuse

1MDB audited assets worth RM51.4b

KUALA LUMPUR: The total worth of 1Malaysia Development Bhd (1MDB) audited assets for the financial year ended March 31, 2014 was RM51.4 billion, the Dewan Rakyat was told on Wednesday.

The assets comprised current assets worth RM19.5 billion and non-current assets valued at RM31.9 billion, according to a written reply from the Finance Minister to a question from Wong Chen (PKR-Kelana Jaya).
It said 1MDB has solid assets, including two sites earmarked for the Tun Razak Exchange and Bandar Malaysia in the capital.

Other assets include a 94.69-hectare (234 acres) land in Penang, 13 power plants, and desalination (facilities) in five countries.

"The value of the 1MDB assets is supported by its valuation or book value, which was confirmed by an independent auditor (Deloitte)," according to the reply.

To a written question from Tony Pua Kiam Wee (DAP-Petaling Jaya), the Finance Minister said that the arrangement between 1MDB and International Petroleum Investment Corporation (IPIC) was made at 'arm's length' with the commercial terms concluded in accordance with market standards.

This is based on information submitted by 1MDB management to the Ministry of Finance.

"An appropriate announcement will be made when the final redemption option value is completed and reported in the next audited financial statements," the reply said.

Pua asked why 1MDB obtained guarantees from IPIC in the issuance of bonds totaling US$3.5 billion that set unfair conditions.

He also wanted to know the amount paid by 1MDB to redeem the options granted to a subsidiary of IPIC, Aabar Investments PJS.- Bernama

Posted by Mark T Bird > 2015-05-27 18:55 | Report Abuse

1MDB’s position does not reflect distress among GLCs in Malaysia: Moody’s

KUALA LUMPUR: The current 1Malaysia Development Bhd’s (1MDB) position does not indicate distress among government-linked companies in Malaysia, said Moody’s. The GLCs, it said, have continued to service their outstanding debt due to their solid track record of corporate governance and profitability, and no guarantees have yet to crystallise on the government's balance sheet. In its latest analysis, the sovereign rating agency expects companies rated to be resilient to external and domestic challenges. “Malaysia’s (A3 positive) economy is demonstrating an ability to absorb multiple headwinds such as low commodity prices, currency weakness and contingent liability risks, which is in turn supporting the credit profiles of the country's rated entities,” said Rahul Ghosh, a Moody's Vice President. “We expect Malaysia to continue demonstrating macroeconomic resilience — namely, moderating but still positive GDP growth, low inflation rates, and a sustained current account surplus — despite an adverse external environment and slower domestic consumption.” This situation should ensure a reasonably supportive backdrop for rated issuers. However, renewed commodity price slump and aggressive Fed tightening would be credit negative for rated issuers. “In the event that global commodity prices, particularly oil, correct significantly and remain depressed over the course of 2015 and 2016, Malaysia could experience both twin fiscal and current account deficits and renewed capital outflows,” he warned. On the outlook for Malaysia, Moody’s said the current assumptions point to a soft landing in the Malaysian economy. Moody's expects Malaysia’s economy to slow to 4.8 per cent in 2015 from 6.0 per cent last year, the current account surplus to narrow to 3.7 per cent of GDP from 4.6 per cent in 2014, and the fiscal deficit to improve slightly to 3.2 per cent of GDP from 3.5 per cent. “External risks will persist, but are manageable, and the external environment will remain challenging over the coming quarters, on the back of weak energy prices and the likelihood of monetary tightening in the US.” It said such an environment is likely to hurt revenues for the sovereign and energy major Petroliam Nasional Bhd (A1 stable) this year and next. Similarly, debt levels are at risk of rising for plantation companies, due to lower EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) and cash generation, as a result of weaker palm oil prices. “The majority of Moody's-rated entities will absorb adverse external conditions over the coming quarters due to their low exposure to commodity prices and exchange rate volatility.” Moody’s said private consumption growth in the country is expected to weaken in the coming quarters, in the wake of the implementation of the goods and services tax (GST) in April, as well as the high levels of household debt; both factors of which will weigh on headline economic expansion. It added the impact of a weak consumer on the banks and corporates is unlikely to prove a major credit stress.

Posted by rikki > 2015-05-28 14:31 | Report Abuse

Eco World optimistic about meeting RM3b FY15 sales target, RM4b in FY16

KUALA LUMPUR (May 28): Eco World Development Group Bhd ( Financial Dashboard) is still confident in achieving its sales target of RM3 billion for its financial year ending October 31, 2015 (FY15), and its target of RM4 billion in FY16.

Chief executive officer Datuk Chang Khim Wah said Eco World’s (fundamental: 0.5; valuation: 0) sales will be driven by launches of new and ongoing projects, as its developments are focused in areas with existing catchment.

“We have given the sales target of RM3 billion, and we are very optimistic [about meeting] that, it’s not an issue. And next year we have a target of RM4 billion.

“We were lucky to have bought our land banks two years ago. When we bought the land banks, they were all located very close to highways and trunk roads. Each and every project already has catchment nearby,” said Chang.

He highlighted that Eco World’s Eco Sky project at Jalan Ipoh, Kuala Lumpur, for example, is in the vicinity of a KTM station and a Tesco supermarket, while its Eco Sanctuary project will benefit from nearby catchment areas such as Kota Kemuning, Subang Jaya and Puchong.

“Every development that we have picked has all these characteristics, and we are not in any greenfield projects,” said Chang.

Chang was speaking to the media today following the opening of Eco World’s third sales gallery in the Klang Valley, for its 308.7-acre Eco Sanctuary development in Canal City, located south of Kota Kemuning.

Eco Sanctuary has a total gross development value (GDV) of RM8 billion, with Phase 1 of the development, comprising the Monterey and Terraza residential sections of the project, accounting for RM1 billion out of the total GDV.

The project is slated for launching next month, with Phase 1 to be completed around the first quarter of 2018.

At 12.30pm, Eco World fell 1 sen or 0.62% to RM1.60, bringing its market capitalisation to RM3.81 billion.
http://www.theedgemarkets.com/my/article/eco-world-optimistic-about-meeting-rm3b-fy15-sales-target-rm4b-fy16

Posted by rikki > 2015-05-29 15:54 | Report Abuse

Privasia sets up satellite hub in Cyberjaya

PETALING JAYA: Petaling Jaya: Privasia Technology Bhd, a leading player in information communication technology (ICT) outsourcing and consulting in Malaysia, is setting up a dedicated satellite hub in Cyberjaya to target more clients from the oil and gas sector.

Privasia's wholly-owned subsidiary, IPSAT Sdn Bhd (IPSAT), intends to invest RM3 million to set up the satellite hub, supported by Hughes Network Services, LLC, a global leader in broadband satellite services and solutions.

"We have been providing satellite-based services to a number of clients since end-2009, with the acquisition of IPSAT. This new in-house satellite hub, slated for completion in mid-2015 allows the group to extend our range of services to our existing and future customers, particularly in the oil and gas sector, as well as maritime, tourism and hospitality, and security sectors," Privasia CEO Puvanesan Subenthiran said in a statement yesterday.

He added that the new satellite hub gives Privasia the opportunity to pursue regional potential in South East Asia as well.

Meanwhile, the group intends to make positive headway into the domestic telecommunications sector, by providing engineering services to mobile operators.

"With these growth drivers, we are optimistic of our prospects in the current financial year," Puvanesan said.

For the first quarter ended March 31 2015 (1Q15), Privasia's net profit decreased to RM1.3 million from RM1.4 million previously, while revenue leaped 54.9% to RM21.3 million from RM13.7 million previously.

The group's outsourcing and consulting orderbook currently stands at RM141 million, which will last it till 2020.
http://www.thesundaily.my/news/1434751

Posted by rikki > 2015-05-30 10:44 | Report Abuse

Stock To Watch
SKPRes @ 1.01 - Consistent Revenue & Profit Growth

SKP's 4Q net profit up 37% on strong demand

SKP Resources Bhd, saw its net profit for the fourth quarter ended Mar 31, 2015 (4QFY15) rise 37% to RM11.31 million, from RM8.25 million a year ago, driven by strong demand in its plastic injection moulding segment.

Earnings per share improved to 1.26 sen, from 0.92 sen previously.

Group revenue was up by more than half (58%) to RM194.39 million, from RM123.29 million in 4QFY14, its filing to Bursa Malaysia today showed.

SKP Resources (fundamental: 2.1; valuation: 1.1) said the improved revenue was contributed by strong demand in its plastic injection moulding segment, as well as for value added services such as the assembly of plastic products and components for the electrical and electronics industry.

The improved quarterly earnings pulled up the company’s net profit for the cumulative 12 months (FY15) by 43% to RM42.02 million, from RM29.32 million in FY14; while revenue was up 49% at RM616.55 million, from RM412.77 million.

SKP Resources said it had marked another milestone recently, after securing a five-year RM400 million contract from its existing key customer, Dyson Ltd.

“On the back of this contract from Dyson, as well as strong order book from other existing customers, the board of directors expects [that] the group’s momentum of growth will continue, as it moves into an invigorating FY16,” it said.

SKP Resources’s counter fell two sen or 1.94% to RM1.01 today, for a market capitalisation of RM1.09 billion.
http://www.theedgemarkets.com/my/article/skps-4q-net-profit-37-strong-demand
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=S&source=M&securityCode=7155

Posted by rikki > 2015-05-30 11:23 | Report Abuse

Eye on stock: Rubberex Corp

RUBBEREX Corp (M) Bhd shares rallied from a low of 56 sen on Dec 16 last year, the worst level in three years to a 15½-month high of 77.5 sen on April 13 before the bulls take a breather.

In the wake of an apparent profit-taking, prices retreated slightly back to the 68.5 sen on April 28 on correction, followed by a brief band trading on consolidation before bouncing off on renewed bargain hunting interest.

This stock bounced to a one-month high of 74.5 sen during intra-day session but finished up two sen at 73 sen, as a frail principal market trend somewhat undermined investors’ enthusiasm.

Based on the daily chart, Ruberex appeared to be making a fresh attempt to resume the scaling after the recent correction process.

A breach of the immediate hurdle of 76 sen, followed by a decisive breakout of the 77.5-sen barrier would give investors the confirmation.

If that happens, the next upside objective would be to challenge the pretty stiff resistance of 94 sen or to test the upper heavy barrier of RM1.05 in the near term.

Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily-slow-stochastic momentum index were firming. It had issued a short-term buy at the neutral area on Thursday.

Also looking good, the daily moving average convergence/divergence histogram resumed the upward expansion against the daily trigger line to keep the bullish note. It had call for a buy on May 21.

In addition, the 14-day relative strength index spiked to a high of 62, up from the 445-point level on Monday.

On the back of improving technical indicators, Ruberex shares are poised to advance in the short term.

To the downside, trailing stop-loss exit is pegged at the 68.5-sen floor.

http://www.thestar.com.my/Business/Business-News/2015/05/30/Eye-on-stock-Rubberex-Corp/?style=biz

Posted by rikki > 2015-05-31 14:08 | Report Abuse

Stock To Watch
EATECH @ 1.01 - To double earnings for FY ending Dec 2015

We will recognise annual revenue of about RM170m to RM180m from th EPCIC contract for the next four years. This will likely double the company's earnings for the financial year ending Dec 31, 2015
- The Edge Weekly dd June 1, 2015

Prospect :

This year the Group acquired one (1) unit of fast support vessel for marine transportation services. One (I) unit of oil tanker which has been successfully converted into an FSO is expected to commence operations in June 2015. The Group also expects 9 new vessels which are under construction to be delivered in stages starting by first quarter of 2015 until the fourth quarter of 2015. The expansion of the Company’s fleet of marine vessels is expected to enhance the Company’s revenue and profitability in the near future. The Group remains focus to ensure its high utilization rate is maintained and enable us to maximize earnings from the Company’s marine vessels. In addition, the Company’s relatively long term contracts for our marine vessels provide us with a stable and recurring revenue stream. The contract value for FFD North Malay Basin is USD191.8 million for 44 months inclusive of warranty period. In view of this, the Board of Directors is optimistic that the Company would be reporting higher revenue and profitability during this financial year
- Quarter1 Financial Report

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4745937

Posted by rikki > 2015-05-31 22:26 | Report Abuse

FBM KLCI’s Downtrend A Buying Opportunity For Quality Bluechips
By Farhana Poniman
KUALA LUMPUR -- The current downtrend in the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI), which is expected to average 1,730 points next week, presents a good buying opportunity for quality bluechips. “I recommend investors to buy construction and technology stocks as they are major benefactors of the recently announced Eleventh Malaysia Plan,” said Affin Hwang Investment Bank vice-president and head of retail research, Datuk Dr Nazri Khan. Commenting on the FBM KLCI’s performance, he said despite the setback, Malaysia’s fundamentals remained strong with low inflation and a commendable 6.0 per cent credit growth.
“Furthermore, for the past two months, the Goods and Services Tax revenue collected amounted to RM2.5 billion. This should ease the pressure on our sovereign rating,” he added. Nazri told Bernama that for the whole month of May, the FBM KLCI had shed 83 points or 4.5 per cent, due to the weakening ringgit,the global oil price slump as well as political uncertainty revolving around the 1Malaysia Development Bhd. On the external front, investor sentiment were negatively impacted following an announcement by the Federal Reserve on a possible interest rate hike this year as well as the current messy situation in Greece.
Meanwhile, on a Friday-to-Friday basis, the benchmark FBM KLCI shed 39.98 points to 1,747.52 from 1,787.5. Weekly turnover declined to 9.07 billion units worth RM11.63 billion from 10.26 billion units worth RM9.94 billion previously. Main market volume decreased to 5.19 billion units worth RM10.53 billion from 6.62 billion units worth RM8.97 billion last week.
- Bernama

Posted by rikki > 2015-06-01 08:16 | Report Abuse

Interesting personalities appear in Mulpha Land

Savvy investors Chua Sai Men and Brahmal Vasudevan have emerged as shareholders of property company Mulpha Land Bhd, according to the company’s just-released 2014 annual report.

Sai Men, who is the eldest son of veteran investor Tan Sri Chua Ma Yu, owns 3.41 million shares or 1.49% stake in Mulpha Land, while Brahmal owns 1.35 million shares or 0.59% stake in the company.

Sai Men was a cornerstone investor in some of the major initial public offerings last year. He also makes investments in selected companies such as Cypark Resources Bhd and a few oil and gas companies.

Brahmal, who is private-equity firm Creador’s founder and chief executive officer, has created a name for himself as an investor with the “golden touch”. He is seen as savvy and being able to offer value to the company.

While Creador the fund has taken stakes in Masterskill Education Group Bhd, Oldtown Bhd and Bonia Corp Bhd, Brahmal has personally taken up stakes in SRMT Holdings Bhd, Scicom (MSC) Bhd, MyEG Services Bhd and GHL Systems Bhd.

Mulpha Land, which has been undergoing a transformation of sorts, has seen its share price rise 134% on a year-to-date basis to 92.5 sen, following a restructuring exercise and a takeover offer that did not happen.

Since Mulpha Land announced plans to raise RM18.7mil through a private placement exercise on May 13, investor interest has propelled the shares up further. It is up 12.5 sen or 15.6% over the last 12 trading days.

On May 13, the property developer told Bursa Malaysia that it would undertake a private placement exercise of up to 10% of its issued share capital to finance a land acquisition, repay borrowings and as working capital.

The acquisition would be under its joint-venture entity, Mayfair Ventures Sdn Bhd. It said that based on the indicative issue price of 82 sen per placement share, the proposed exercise is expected to raise gross proceeds of up to RM18.7mil.

For the first quarter to March 31, Mulpha Land’s net loss widened to RM3.1mil from RM2.26mil previously. This was mainly due to the recognition of advertising and promotional expenses incurred for its Tropicana project.

Revenue dropped 74.27% to RM1.37mil on the back of lower sales recognised for its development project in Nibong Tebal, Penang.

Mulpha Land is now controlled by a new group of shareholders, who collectively own 50.38% of the company.

These individuals include Ghazie Yeoh Abdullah, who was appointed as Mulpha Land’s group managing director in 2013.

The other new shareholders are director Datuk Low Keng Siong and Datuk Fakhri Yassin Mahiaddin. Low and Ghazie are shareholders of Pasukan Sehati Sdn Bhd, which, in turn, owns 8.6% of Mulpha Land.

Fakhri, the son of Deputy Prime Minister Tan Sri Muhyiddin Yassin, is the ultimate controlling shareholder of Teladan Kuasa Sdn Bhd. In March Teladan Kuasa had launched a takeover offer for all the remaining shares in Mulpha Land that it did not already own for a cash consideration of 49.7 sen per share.

The GO was triggered after Mulpha International Bhd had entered into a call option agreement with Teladan Kuasa to acquire 75 million shares that represented up to a 32.85% stake in Mulpha Land.

Mulpha Land currently has projects in the Klang Valley, Penang and Kedah, with an estimated gross development value of RM1.2bil. These projects will keep it busy until 2018.

In the Klang Valley, projects under its belt include the redevelopment of two acres at the old Mulpha headquarters at Section 13, Petaling Jaya; 6 Kenny Hills; Enclave Bangsar and Tropicana. Other projects in its portfolio are Taman Bukit Punchor, Bukit Punchor Industrial Park and Taman Seri Bayu in Penang, coupled with the mixed-development township Taman Desa Aman near the Kulim High Tech Park in Kedah.

http://www.thestar.com.my/Business/Business-News/2015/06/01/Interesting-personalities-appear-in-Mulpha-Land/?style=biz

Posted by Tessa Joseph > 2015-06-01 22:39 | Report Abuse

Hi all!!! :)

You can also visit :

http://superawesomedeals.com.my/

http://superawesomedeals.com.my/newsbrief

:)

Posted by Mark T Bird > 2015-06-01 22:42 | Report Abuse

Tessa, will do!
TYVM

Posted by rikki > 2015-06-02 08:15 | Report Abuse

Support Line

Denko

DENKO Industrial shares jumped start and rallied to a high of 38 sen in early session before trimming gains to finish steadier. Technically, all the short-term indicators are painting an encouraging pictogram, implying more upside potential going forward. Heavy resistance is seen at the 54 sen-55 sen band while support is resting at the 27-sen level, followed by the 23-sen mark.

Minho

MINHO scaled to a near one-year high of RM1.11 during intra-day trading amid follow-through bargain-hunting interest. Initial resistance is envisaged at the RM1.15 level. A breach of the next upper hurdle of RM1.28 would signal a rally continuation, en route to the RM1.40 mark. Current support is seen at 96 sen. An additional floor is pegged at the 89-sen line.

OpenSys

OPENSYS trimmed early gains to close a tick higher at 44.5 sen owing to an apparent profit-taking activity. Based on the daily chart, prices are expected to face stiff resistance at the 48.5-sen barrier, of which a successful breakout would spark a rally, targeting the 55-sen mark, followed by the 63-sen barrier. Initial support is anticipated at 40-sen mark, followed closely by the 34-sen level.

The comments above do not represent a recommendation to buy or sell.

http://www.thestar.com.my/Business/Business-News/2015/06/02/Support-Line/?style=biz

Posted by rikki > 2015-06-02 08:36 | Report Abuse

Ewein incorporates subsidiary in anticipation of next Tanjong Pinang project

Ewein Bhd which is looking to bag the next parcel of land that Consortium Zenith BUCG Sdn Bhd (CZBUCG) will be offering at Bandar Tanjong Pinang, Penang for development — is incorporating a new 60%-owned subsidiary called Ewein Zenith II Sdn Bhd in anticipation of the proposed project.

The remaining 40% stake in Ewein Zenith II will be held by CZBUCG.

In a filing with Bursa Malaysia, Ewein (fundamental: 1.55; valuation: 1.4) said the board of directors of its wholly-owned subsidiary, Ewein Land Sdn Bhd, approved today to incorporate Ewein Zenith II.

"An application has been made to the Companies Commission of Malaysia today, for the said incorporation," it added.

The proposed directors of Ewein Zenith II will be Ewein managing director Datuk Ewe Swee Kheng, CZBUCG chairman Datuk Zarul Ahmad Mohd Zulkifli and Ewein director Chan Gooi Yew.

Ewein said the intended principal activities of Ewein Zenith II will be property development, construction and property investment.

According to a source close to the matter, the incorporation of Ewein Zenith II is in anticipation of Ewein bagging the next parcel of land, measuring 4.29 acres (1.73ha) at Bandar Tanjong Pinang.

“Their (Ewein) chances are getting more visible. That is why they are setting up a new subsidiary, with the purpose of managing the proposed project,” the source told theedgemarkets.com today.

In an April interview with The Edge Financial Daily, Ewe had indicated that the next property project at Bandar Tanjong Pinang was likely to be another high-rise residential development. It is understood that the second project will have a gross development value (GDV) of RM1 billion.

If successful, it would be Ewein's second project in Penang. On March 31, 2015, Ewein, through Ewein Zenith Sdn Bhd — a 60:40 JV between Ewein and CZBUCG — received planning permission from the Penang Island City Council to develop luxury serviced apartments on a 3.67-acre piece of freehold land in Bandar Tanjong Pinang.

Dubbed “City of Dreams”, the project features two blocks of 38-storey towers, housing a total of 572 units with built-ups ranging from 1,100 sq ft to 2,350 sq ft.

Ewein's shares fell 4.5 sen or 4.62% to close at 93 sen per share today, with over 2.49 million shares done, giving it a market capitalisation of RM205.66 million.
http://www.theedgemarkets.com/my/article/ewein-incorporates-subsidiary-anticipation-next-tanjong-pinang-project

Posted by duitKWSPkita > 2015-06-02 12:51 | Report Abuse

rikki and team members,

Good afternoon..... wishing everyone here a fruitful and profiting day ahead!!!!!!!!

Cheers................

Posted by Mark T Bird > 2015-06-02 15:56 | Report Abuse

Sona Petroleum Bhd and Ophir Energy Plc have mutually agreed to discontinue discussions with regards to Salamander Energy (Bualuang) Ltd's assets.

In a statement, Sona said the assets now appeared less attractive from Sonas qualifying acquisition investment perspective after due process of updating the technical and economic valuations.
However, Sona, which is Malaysia's largest special purpose acquisition company (SPAC), would continuously review alternative assets and provide an update when a target has been identified, in line with relevant regulatory requirements.

It was previously reported that Sona had proposed to acquire a stake in Salamander Energy (Bualuang) Ltd, a Thailand unit of UK-listed Salamander Energy Plc, which would see it gaining a 40 per cent ownership in two of the unit's offshore oil and gas blocks.

However, the deal had fallen through in January after energy giant, Ophir Energy, purchased Salamander for US$492 million (RM1.81 billion) and the purchase being conditional on Salamander cancelling the sale of the stake to Sona. - Bernama

Posted by rikki > 2015-06-02 16:15 | Report Abuse

thank you abang duit....same goes to you....:)

Posted by rikki > 2015-06-02 21:33 | Report Abuse

Sumatec’s substantial shareholder surfaces in Metronic

James Chan Yoke Peng, a close associate to tycoon Tan Sri Halim Saad, emerged as a substantial shareholder in Metronic Global Bhd, with a 5.01% equity stake.

A filing with Bursa Malaysia yesterday shows that a company named Tekad Mulia Sdn Bhd had acquired 35 million shares in Metronic (fundamental: 1.25; valuation: 0.3) at 10 sen per share through off market on May 26.

According to Companies Commission Malaysia, Tekad Mulia Sdn Bhd is owned by Chan, who is also a director in the private limited outfit.

Meanwhile, Chan is the incumbent non-independent non-executive director of Sumatec Resources Bhd (Financial Dashboard), an oil and gas company in which Halim owns a 24.5% stake.

Through Tekad Mulia, Chan had been paring down his shareholding in Sumatec (fundamental: 2.0; valuation: 0.9) from 7.9% to 2.08% in March alone, resulting in him ceasing to be the substantial shareholder in the group.

Metronic was trading at 9.5 sen per share as at 4:31pm today, up one sen or 11.76%, with 4.39 million shares changing hands, giving it a market capitalisation of RM59.36 million. Sumatec share price, on the other hand, gains 0.5 sen or 2.5% to 20.5 sen per share, with 26.06 million shares traded, valuing it at RM696.54 million.

http://www.theedgemarkets.com/my/article/sumatec%E2%80%99s-substantial-shareholder-surfaces-metronic

Posted by rikki > 2015-06-03 08:04 | Report Abuse

Stock To Watch

Cocoaland @ 2.04

Cocoaland gets takeover offer from First Pacific

Snacks and candy company Cocoaland Holdings Bhd has received an indicative non-binding proposal from First Pacific Company Ltd to acquire the business of Cocoaland including all of its assets and liabilities for RM463.32mil or RM2.70 per share.

This is the second takeover offer Cocoaland is receiving in less than two weeks.

Last week, Cocoaland’s board rejected a takeover offer from private equity firm Navis Asia VII Management Co Ltd for RM377.52mil or RM2.20 per share.

The confectionery maker said then that its board had deliberated on the proposed acquisition made on May 22, and unanimously rejected the offer.

Cocoaland was last traded at RM2.04 on Monday. The stock is up 51 sen or 33.33% on a year to date basis. It will resume trading at 9am today.

For this latest offer, Cocoaland directors Liew Fook Meng, Lau Kee Von, Liew Yoon Kee and Lau Pak Lam are deemed interested parties in the proposal.

First Pacific intends to undertake the proposal through a special purpose vehicle.

Fook Meng, who is an executive director and substantial shareholder of Cocoaland, along with certain shareholders of Leverage Success Sdn Bhd, (a substantial shareholder of Cocoaland, and referred to as the Liew Group) will acquire a stake in the proposed acquiror to be agreed upon by First Pacific and the Liew Group.

First Pacific is a Hong-Kong based investment management and holding company, having its principal business interests in telecommunications, consumer food products, infrastructure and natural resources. It is listed on the Hong Kong Stock Exchange.

Cocoaland told Bursa the proposal is conditional upon a few key things, chiefly the completion of a due diligence exercise to the satisfaction of First Pacific, on the commercial, financial, legal, tax and other affairs of Cocoaland and its subsidiaries for a period of four weeks.

Secondly, the negotiation and execution of a sale and purchase agreement for the proposal on terms and conditions are to be satisfactory to all parties.

The last condition is that Cocoaland has not paid, made or declared any dividend or distribution from the date of the proposal until the completion of the proposal.

Cocoaland told Bursa that it had agreed for a six week period of exclusivity from the date of the proposal or for an extended period agreed upon by all parties. During this period, Cocoaland will deal exclusively with First Pacific in respect of any disposal of the business and undertaking, including all the assets and liabilities, of Cocoaland or any takeover offer for Cocoaland shares.

“Cocoaland further agrees that neither it nor the management of Cocoaland will initiate or enter into any transaction, negotiation or discussion with any other party regarding such proposed disposal or takeover or respond to any approach made by any party with a view to any of the foregoing,” it said.

http://www.thestar.com.my/Business/Business-News/2015/06/03/Cocoaland-gets-takeover-offer-from-First-Pacific/?style=biz

Posted by YS Babe > 2015-06-03 09:24 | Report Abuse

Selamat pagi. Wah ECM. Sa, awak ada ECM?

Posted by Tessa Joseph > 2015-06-03 09:36 | Report Abuse

Nope. Dulu yes like years ago. They deposited Pos Malaysia shares into my cds acc - very small nos though and then something like I have 5 jadi 3. Rugi abit. But Pos Malaysia up so buat duit sedikit. Now E&O shares.

Posted by Tessa Joseph > 2015-06-03 09:44 | Report Abuse

YS careful with Biosis the regularisation plan rejected while LFE ok, approved!

GTG

Posted by Mark T Bird > 2015-06-03 09:52 | Report Abuse

aha BIOSIS not BIOHLDG
hohoho

Posted by YS Babe > 2015-06-03 10:04 | Report Abuse

ada terpandang kat website Tessa hehehe

Mark BIOHLDG tu part owner gomen.

Posted by YS Babe > 2015-06-03 10:07 | Report Abuse

Tessa mcm mana cara dia bagi?

Posted by Tessa Joseph > 2015-06-03 10:14 | Report Abuse

My time, if not mistaken my 5 bijik ECM reduced to 3 bijik, kasi free 250 shares Pos Malaysia

Ok, time to work! Feel free visit http://superawesomedeals.com.my/

See you later.

Posted by rikki > 2015-06-04 08:51 | Report Abuse

Support Line

Connect

SHARES of Connectcounty Holdings scaled to a high of 26 sen during intra-day session, the best since November 2011. For now, indicators are looking pretty promising, suggesting more upside in the pipeline. A breach of the 27.5-sen barrier would propel prices up to the 33.5 sen-37.5 sen band while important support is resting on the 23-sen line.


Hup Seng

HUP Seng Industries rose to a nine-month high of RM1.14. The immediate upside objective would be to challenge the historical peak of RM1.23, set on April 18 last year, of which a positive breakout would send the bulls into unknown territory. On the other hand, a futile attempt to tear down the stiff barrier would see price retreating on correction, with RM1.02 acting as an initial support.

Scanwolf

SCANWOLF Corp eased marginally on extended consolidation. Based on the daily chart, a successful penetration of the 87-sen barrier would signal the end of the correction process, en route to re-test the all-time peak of RM1.05. On the downside, a crack of the 62-sen floor will have a negative impact on this stock going forward.

http://www.thestar.com.my/Business/Business-News/2015/06/04/Support-Line/?style=biz

Posted by rikki > 2015-06-04 10:31 | Report Abuse

KAWAN high volume persisted buying sparks ideas
Posted in Uncategorized on 03/06/2015 by J&J 35

Last few days we found Kawan has exceptional trading volumes that not seen in years. Together with major share holders disposed some stocks early in May. Sparking ideas of right issue, bonus issue, General offer or even a strong fund buy into the counter.

However, we still hold its Kawan mother share as we believe the price of the share worth more than RM 2.50 excluding the new plant contribution in 2016. Beyond that may worth RM 3.00 and above. However, we disposed some warrants at RM 1.40. We will continue to dispose warrant but hold on to its mother share.

Our target of Kawan remained with RM 2.50 before year end and RM 3.00 beyond.

Posted by rikki > 2015-06-05 09:01 | Report Abuse

IMF warns Fed should delay rate hike until 2016

The U.S. Federal Reserve should delay a rate hike until the first half of 2016 until there are signs of a pickup in wages and inflation, the International Monetary Fund said in its annual assessment of the economy on Thursday.

The fund's report comes amid signs that some rate setters at the U.S. central bank are also pushing for rate hikes to be delayed until there are clearer signs of a sustained recovery. U.S. data has been mixed and the economy shrank 0.7 percent in the first quarter.

"Based on the mission’s macroeconomic forecast, and barring upside surprises to growth and inflation, this would put lift-off into the first half of 2016," the fund said.

Fed chair Janet Yellen has insisted the economy remains on track and that a rate rise this year is on the cards, although others including Fed governor Lael Brainard, viewed as a centrist on the rate-setting committee, have raised concerns over growth.

The fund forecast that the Fed's favored measure of inflation, the personal consumption expenditures (PCE) reading, would hit the central bank's 2 percent target only in mid-2017.

"A later lift-off could imply a faster pace of rate increases following lift-off and may create a modest overshooting of inflation above the Fed’s medium-term goal (perhaps up toward 2.5 percent)," the Fund said.

"However, deferring rate increases would provide valuable insurance against the risk of disinflation, policy reversal, and ending back at
zero policy rates."

http://www.reuters.com/article/2015/06/04/us-usa-imf-idUSKBN0OK1L220150604

Posted by Mark T Bird > 2015-06-05 09:15 | Report Abuse

Tessa's website hacked!

Posted by YS Babe > 2015-06-05 09:19 | Report Abuse

Aku dah kasi tau kat Tessa, Tessa dah repot kat web hosting, Tessa kata hacker dari Izmit, Turkey

Posted by Tessa Joseph > 2015-06-05 09:28 | Report Abuse

Yup, suda repot, maybe today evening ok, by the time I buat again maybe weekend ok or maybe next week....hmmm

Posted by YS Babe > 2015-06-05 10:29 | Report Abuse

takpe Sa, pi jalan jalan dulu, market pun tak bagus

Posted by Hitman > 2015-06-05 10:38 | Report Abuse

Hi alls..Im in Izmit, Turkey now..hehehe..

Posted by Tessa Joseph > 2015-06-05 13:21 | Report Abuse

really? your IP I blocked suda
hahaha

ok my website can visit

http://superawesomedeals.com.my/

and all pages

Posted by Tessa Joseph > 2015-06-05 13:23 | Report Abuse

nasib baik web hosting cepat jugak, if not you go to my website you nampak Turkey flag, I sampai tak boleh login...hmmm

Posted by YS Babe > 2015-06-05 13:34 | Report Abuse

anak aku kata wordpress memang selalu hackers masuk

Posted by Tessa Joseph > 2015-06-05 13:38 | Report Abuse

the web hosting recommended me wordpress, they said easy buat website, so I pakai, and guna platform wordpress

Posted by YS Babe > 2015-06-05 13:40 | Report Abuse

web hosting tak ada khidmat buat kan website?

Posted by Tessa Joseph > 2015-06-05 13:42 | Report Abuse

ada, kena bayar, I buat sendiri free, I only guna their space and files storage, but for the fee I paid, consider their service good, if ada problem I hantar ticket and they get back to me ASAP