Posted by rikki > 2015-06-18 08:33 | Report Abuse

SKP Resources in position to trade higher, says AllianceDBS Research

AllianceDBS Research said SKP Resources Bhd (SKP) was in a position to trade higher and that SKP had on June 17 crossed over the RM1.08 hurdle to reach a day’s high of RM1.13 before settling at RM1.11 (up 3 sen or 2.77%).

In a its evening edition yesterday, the research house said the crossover of the RM1.08 hurdle would likely see SKP trading upward with the next upside target pegged between RM1.23 and RM1.28.

AllianceDBS Research said that risk taking traders could establish a buying position at RM1.09 on a small pullback.

“Once a buying position is established, a stop loss at RM1.06 level must be placed for risk capital protection, and this RM1.06 is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM30 (excluding brokerage) for RM140 – RM190 potential profit, you may acquire 1,000 shares with a capital amount of RM1,090 assuming buying order is filled at RM1.09,” it said

http://www.theedgemarkets.com/my/article/skp-resources-position-trade-higher-says-alliancedbs-research

Posted by rikki > 2015-06-18 16:27 | Report Abuse

Tenaga: Buying 1MDB's stake in Project 3B

The Cabinet has just approved the move by Tenaga Nasional Berhad (TNB) to buy over 1Malaysia Development Berhad (1MDB)'s stake in the Project 3B coal power plant for an undisclosed sum. For more, go here.

From Chart 1, we can see the sharp plunge in Tenaga's share price. At the time of writing, the share price has stabilized at RM12.56.

The monthly chart below shows that Tenaga's long-term uptrend has halted in the past few weeks- probably due to reports that it has to come in to help out in Project 3B. Tenaga's share prices were moving in a large expanding triangle, with immediate support at RM12.00. If the share price falls below this mark, the downtrend should begin in earnest.

With the new cost pass through regime in place, Tenaga's share price weakness may be a temporary phenomenon due to the perceived bailout of 1MDB's Project 3B.

Until the details of the purchase of Project 3B are announced, we are not sure how it would benefit or impact Tenaga. For now, I believe that Tenaga could be a good BUY if it tests the RM12.00 mark.

http://nexttrade.blogspot.com/

Posted by rikki > 2015-06-18 16:54 | Report Abuse

Frontken: Will It Get Better in 2015?

Looking at Frontken's segmental revenue, there is no doubt that Oil & Gas and Semiconductor industries contributed massively in 2014.

Through 34.9%-owned associate company Ares Green Technology (Taiwan), Frontken is able to enjoy the robust growth in the semiconductor sector in Taiwan.

While contribution from Taiwan has increased 50% YoY in 2014, the main contributor is actually from Oil & Gas sector in Malaysia, in which its revenue increased from RM18mil to RM131mil YoY.

In September 2013, Frontken was awarded a contract by ATT Tanjung Bin Sdn Bhd as the main contractor for a hydrocarbon storage and distribution facility at Tanjung Bin.

The contract is worth RM110.6mil and the proposed date of completion of the project is 11 April 2015.

This means that after the Tanjung Bin project has been completed, its O&G annual revenue will likely to shrink significantly especially when there is a slow down in O&G sector now.

While Taiwan's Ares Green is enjoying superb growth in 2014, there is a disturbing slow down in Q1 of 2015 if compared to Q4 of 2014.

Though monthly revenue in year 2015 has reduced significantly, fortunately they are still higher compared to previous year's corresponding periods.

However, if there is no "revenue spike" in Q4 of 2015, then Frontken's revenue from Taiwan in 2015 may not show significant growth.

Last year Frontken has acquired 45% stake in TTES Team & Specialist Sdn Bhd which has expertise in turbo machinery and rotating equipment engineering, technology, maintenance and technical support services.

TTES's customers are mainly in the O&G field. Its PAT in 2013 is merely RM1mil and is unlikely to contribute significantly to Frontken in the near future.

In conclusion, Frontken is a good company, but I think its FY15's financial result is unlikely to beat FY14 unless it secured another fat contract like the Tanjung Bin contract this year.

http://bursadummy.blogspot.com/

Posted by speakup > 2015-06-18 16:55 | Report Abuse

bursa dummy is real dummy. frontkn is moving up not down.

Posted by Tessa Joseph > 2015-06-19 11:08 | Report Abuse

Hi all

Updated http://superawesomedeals.com.my/
visit all pages ok, not only front page

Posted by Mark T Bird > 2015-06-19 11:12 | Report Abuse

will do
tyvm sweets and happy weekend!!

Posted by rikki > 2015-06-20 20:05 | Report Abuse

Eye on stock: Berjaya Sports Toto

A COUPLE of failed attempts to penetrate the previous major rally peak of RM4.95, set on June 21, 2007, sent Berjaya Sports Toto Bhd shares into a prolonged range-bound consolidation and subsequently an extended downward correction process, which saw prices swooned to a low of RM3.19 on May 29.

After violating the 61.8% Fibonacci retracement (FR) of RM3.20, this stock appeared frail and many people had expected it to tank deeper into the red. But a fresh bout of buying emerged unexpected to the rescue, thus lifting prices marginally higher off the ebb.

Berjaya Sports Toto was last traded at RM3.25, down one sen yesterday.

Based on the daily chart, it appears that this counter has corrected enough and now in the midst of constructing a base to heal.

Perhaps, investors can consider accumulating some, with prices flirting slightly above the 61.8% FR line and technically, viewed as an attractive entry level, if one is optimistic of the trend ahead.

Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise. It had triggered a short-term buy signal at the grossly oversold area a week ago.

Also on the rise, the 14-day relative strength index improved moderately from a reading of 41 on June 10 to settle at the 62 points level yesterday.

In addition. the daily moving average convergence/divergence histogram sustained the upward expansion against the daily signal line to keep the the buy call issued in mid-week.

Apparently, indicators are improving, implying Berjaya Sports Toto shares are likely to firm gradually in the immediate term.

Stiff resistance can be expected at the 200-day simple moving average of RM3.45, followed by the RM3.53 heavy barrier, of which a clear penetration would signal a bullish turnaround.

As for the downside, the recent lows of RM3.19 will now act as the tentative base for mending course, also acting as the trailing exit. - By K.M. Lee

http://www.thestar.com.my/Business/Business-News/2015/06/20/Eye-on-stock-Berjaya-Sports-Toto/?style=biz

Posted by rikki > 2015-06-20 20:07 | Report Abuse

IFCA's property e-commerce platform to boost revenue

Property business solutions provider, IFCA MSC Bhd expects the soon-to-be-launched e-commerce platform for property companies to be a major driver for revenue growth in the future.
Chief executive officer Ken Yong Keang Cheun said the platform, slated for launch in September, would enable property companies to receive bookings and sell properties online including through smartphones and mobile Internet.
"There is an addressable market size in Malaysia which has 2,000 property companies.

"Our competitors' major income is from advertising revenue but we're talking about subscription income against advertising revenue and other revenue from the e-commerce aspect," he told reporters after the company's annual general meeting on Friday.

Yong said IFCA MSC was also planning to expand the e-commerce platform to Indonesia after the conclusion of the RM32mil acquisition of PT IFCA Consulting Indonesia.

He said the acquisition was targeted to be concluded next month.

"With a mass population, e-commerce is going to do well. So, that is our business plan going into Indonesia," he said.

Apart from Indonesia, he said the company was also eyeing China's market as part the e-commerce service expansion.

Currently, the Malaysian operation contributes about 70% to revenue while the rest comes from overseas.

On outlook, he said the company remained extremely positive on its performance projection this year based on its strong fundamentals.

"Our market leadership is still there and we have quite a number of solutions offerings," he said, adding, the e-commerce service launch would further consolidate its business as companies would turn to the service during the economic slowdown for efficiency.

For the first quarter ended March 31, 2015, IFCA MSC's net profit rocketed to RM9.7mil from RM421,000 in the same period last year, following a strong billing quarter for software implementation.

Revenue for the quarter jumped 134% to RM32mil from RM13.7mil previously. - Bernama

http://www.thestar.com.my/Business/Business-News/2015/06/19/IFCAs-property-e-commerce-platform-to-boost-revenue/?style=biz

Posted by rikki > 2015-06-20 20:19 | Report Abuse

BURSA : KL Shares To Stage An Oversold Rebound

Bursa Malaysia is expected to stage an oversold rebound next week driven by dovish Federal Reserve statement, positive global stocks performance and ringgit recovery. Affin Hwang Investment Bank Vice-President and Head of Retail Research Datuk Dr Nazri Khan said the local index were traded sideways last week but ended the week marginally higher.

The index is still being trapped in downtrend channel due to lack of fresh catalyst while key indicators are also showing lethargic signs despite being in their respective oversold region. “We continue to view that the FBMKLCI is oversold and therefore should see a mild rebound led by selected bashed down quality counters,” he told Bernama.

Last week trading session ended marginally higher, mainly led by bargain hunting gains in battered stocks such as Maybank, CIMB, Tenaga, Axiata and Airasia, he said. Foreigners finally ended its selling spree, a record year-to-date (YTD) outflow streak of 21-days and started to snap blue chips as they bought in a RM1.1 bilion worth of shares and bring the YTD Net outflows to RM7.4 billion he added.

However, he said the market is expected to remain highly volatile due to bond yield movement, concerns on China crackdown on margin lending, rising Greece debt default risk and untimely local government linked issues. He said three major local stories are expected to propel Bursa Malaysia moderately higher next week. They are -- Bank Negara’s reiteration on Malaysia’s have high monetary and financial stability to boost Ringgit and support sustainable economic growth; Ministry International Trade and Industry maintained that Malaysia will prosper
ASEAN economic integration model; and Petronas pledges on its commitment to mitigate the negative impacts on Bursa oil gas stocks which are under pressure from crunching business concession.

Weekly turnover increased to 7.72 billion units worth RM9.18 billion from 6.36 billion units worth RM7.29 billion previously. Main market volume improved to 4.91 billion units worth RM8.31 billion from 4.08 billion units worth RM6.62 billion last week.
-Bernama

Posted by Tessa Joseph > 2015-06-20 22:04 | Report Abuse

Felda...hmmm

http://superawesomedeals.com.my/

Posted by Mark T Bird > 2015-06-20 23:15 | Report Abuse

:-)

Posted by rikki > 2015-06-22 08:43 | Report Abuse

Renewed buying interest emerging in 3A, says AllianceDBS Research

AllianceDBS Research said renewed buying interest had emerged in Three-A Resources Bhd ( Financial Dashboard) (3A) and said 3A had on June 19 traded higher to settle at the day’s high of RM1.12 (up 6 sen or 5.66%).

In its evening edition last Friday, AllianceDBS Research said a crossover of the RM1.12 hurdle would likely see 3A trading upward with the next upside target pegged at / between RM1.22 and RM1.25.

The research house said risk taking traders can establish a buying position at RM1.10 on a small pullback.

“Once a buying position is established, a stop loss at RM1.07 level must be placed for risk capital protection, and this RM1.07 is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM30 (excluding brokerage) for RM120 – RM150 potential profit, you may acquire 1,000 shares with a capital amount of RM1,100 assuming buying order is filled at RM1.10,” it said

http://www.theedgemarkets.com/my/article/renewed-buying-interest-emerging-3a-says-alliancedbs-research

Posted by rikki > 2015-06-22 23:40 | Report Abuse

PUC Founder, TNB sign 21-year FiT deal

PUC Founder (MSC) Bhd, via its subsidiary MaxGreen Energy Sdn Bhd, has signed a renewable energy power purchase agreement with Tenaga Nasional Bhd (TNB) ( Financial Dashboard) to provide electricity generated from its 1-megawatt-peak (MWp) solar photovoltaic (PV) plant in Sungai Petani, Kedah for 21 years.

Under the deal, TNB will purchase the electricity generated from the solar PV plant based on a Feed-in Tariff (FiT) rate of RM1.0355 per kilowatt-hour.

In a statement today, PUC Founder said construction of the solar PV plant will start soon and is planned for operation by fourth quarter of this year. It is expected to start contributing to PUC Founder's revenue in the first quarter of 2016.

“We are committed to expand the renewable energy business as this would bring us stable and recurring income," PUC Founder group managing director Cheong Chia Chieh said in the statement.

"The 1MWp solar PV plant is just the starting for us, and we want to further expand the business to 50MWp of solar PV capacity," he said, adding that the source of funds will be ranging from bank borrowings, fund raising exercise and/or internal funds.

"At the same time, we will also continue exploring other types of potential renewable energy businesses. And to manage all of these, we are providing adequate training to our employees so that we would be well prepared to handle the projects,” added Cheong.

PUC Founder (fundamental: 1.85; valuation: 1.1) shares closed down 5 sen or 3.7% at 13 sen today, bringing a market capitalisation of RM143.87 million.

http://www.theedgemarkets.com/my/article/puc-founder-tnb-sign-21-year-fit-deal

Posted by rikki > 2015-06-23 11:15 | Report Abuse

Eco World ready to replicate S P Setia’s success story

Eco World Development Group Bhd ( Financial Dashboard)
June 22, RM1.57)
Rating under review with target price (TP) to be determined: We attended Eco World Development Bhd’s (ECW) analyst briefing recently and returned with a positive view on the company. The management shared their year-to-date May 2015 sales of RM1.2 billion, which has met 40% of its financial year 2015 (FY15) sales target of RM3 billion. The outlook for the group remains convincing despite the slowdown in the property market due to buyers’ “wait and see” stance as a result of the goods and services tax implementation and tighter lending environment by banks. ECW is now ready to fly high, replicating S P Setia ( Financial Dashboard)’s success story, especially with the completion of its restructuring and fundraising exercise.

ECW’s management is confident that it may be able to rake in RM3 billion in property sales in 2015.

In-line with that, we are confident in ECW given the management’s capability in delivering its key performance index, judging by the past records and successful management of S P Setia. ECW management team is currently led by former S P Setia directors and executives with rich experience in local and international property markets. Among the prominent names that shifted to ECW are Tan Sri Liew Kee Sia (former S P Setia CEO), Datuk Chang Kim Wah, Datuk Eddy Leong Kok Wah and Tan Sri Abdul Rashid. We believe the entire group will transfer their skills in S P Setia to ECW as we gathered not only top management migrated to ECW, but also several hundred staff have already joined ECW.

Furthermore, most of ECW’s projects are earmarked for township developments and will continue to use “eco” features that were introduced by ECW’s top management during their stint in S P Setia.

Although ECW’s share price has been quite volatile of late due to hiccups in SPAC listing as well as weaker-than-expected property sales, we are positive on the company given its long-term prospect due to its aggressive expansion plan and business model, apart from its reputable management team. — M&A Securities, June 22

http://www.theedgemarkets.com/my/article/eco-world-ready-replicate-s-p-setia%E2%80%99s-success-story

Posted by rikki > 2015-06-23 22:23 | Report Abuse

Fitch places Malaysia on "negative" outlook

Fitch Ratings has placed Malaysia's sovereign rating to A-, with a “negative” outlook in its latest Asia-Pacific Sovereign Overview 2Q15 report released today.

The rating agency said the ratings reflect pressure on the sovereign’s credit profile.

“An ongoing leveraging-up of the economy, particularly in the broader public sector and households, and weakening macro fundamentals due to a widening savings investment gap.

“But the rating is balanced by reasonably strong growth rates and an external solvency position that is still strong,” said Fitch.

It noted that high dependence on commodities remains an inherent structural weakness of the credit.

It explained that goods surplus declined in the first quarter of 2015 (1Q15) from the year-ago period, on lower oil and liquified natural gas prices.

Fitch also said the Goods and Services Tax (GST) was implemented on 1 April 2015, which could be supportive of fiscal finances, but on its own is unlikely to achieve the targeted deficit reduction without the government making further spending cuts.

“Real gross domestic product (GDP) in 1Q15 rose by 5.6% year-on-year, mainly driven by strong domestic demand, as households frontloaded their expenditure as a pre-GST move.

“Contingent and off-balance sheet liabilities of the government remain a weakness in the broader public sector’s finances.

“Explicit federal government guaranteed debt at the end of 2014 stood at 16% of GDP, up from 15.4% a year ago,” it said.

Fitch said the positive sensitivities were greater confidence in the authorities’ commitment to containing direct and indirect public indebtedness.

On the negative sensitivities, Fitch said these included the emergence of sustained “twin” fiscal and external deficits, where failure to consolidate the public finances leads to the emergence of a structural current account deficit.

“A shock to interest rates or employment that is enough to impair households’ debt servicing capacity or trigger a need for sovereign support to the banking system.

“Slippage relative to the government’s fiscal targets and lack of progress on budgetary reform,” it said.

Besides Malaysia, Fitch said sovereigns across the region were seeing pressures build on growth, external finances and public finances from a combination of weaker commodity prices, the drag from a run-up in private-sector leverage, and anticipation of higher US interest rates later this year.
Fitch Rating report news just out at 3.05pm. Maintain at A-.

http://klse.i3investor.com/blogs/kianweiaritcles/78862.jsp

Posted by rikki > 2015-06-23 22:45 | Report Abuse

Genetec Tech secures RM27.3mil orders

Genetec Technology Bhd has secured new orders from its clients worth RM27.3 million. 

In a filing to Bursa Malaysia on Tuesday, Genetec said the orders were for the electronics, semiconductor, hard disk drive and car sectors.

"The tenure of the contracts normally range from three to nine months depending on the size of order and scope of work, and they are expected to contribute positively to our earnings for the financial year ending March 31, 2016," it said.- Bernama

http://www.thestar.com.my/Business/Business-News/2015/06/23/Genetec-Tech-secures-RM27mil-orders/?style=biz

Posted by rikki > 2015-06-23 22:48 | Report Abuse

VS Industry’s net profit surges nearly six-fold

VS Industry Bhd’s net profit surged close to six-fold to RM26.5mil for the third quarter ended April 30, 2015 (3Q15), from RM3.8mil a year ago supported by higher revenue from its operations.

Its revenue for the quarter increased 11.7% to RM420.1mil compared to RM375.9mil a year ago due to Malaysian operations as well as China and Indonesia plants.

“The Malaysian operations was the group's largest 3Q15 revenue contributor with RM284.1mil in sales, increasing 36.6% year-on-year compared to RM208mil in 3Q14,” the company said on Tuesday.

VS Industry managing director Datuk Gan Sem Yam said its Malaysian operations secured higher sales orders and benefited from a favourable sales mix.

Meanwhile, the company noted that group’s China and Indonesia plants for the quarter registered RM116.7mil and RM18.7mil in sales respectively.

Gan said the group performance was commendable for the quarter due to its growth-centric key customers.

Going forward, he remains positive on the group’s prospects due to the strengthening US economy as consumer sentiments and jobs data improves.

“In line with this, we will continue to explore new business opportunities by increasing our customer base to sustain our growth momentum,” Gan added.

VS Industry declared a third interim single-tier dividend of 6sen per share in relations to the financial year ending July 31, 2015, which will paid to its shareholders on July 28, 2015.

Overall, the company declared a total of 12sen for the current financial year, whereby the cumulative dividend payout of RM26.1mil translating to 32.5% of its net profit for the third quarter.

VS Industry pointed out that it has a dividend policy of distributing at least 40% of the group's net profit to its shareholders.

http://www.thestar.com.my/Business/Business-News/2015/06/23/VS-Industrys-net-profit-surges-close-to-sixfold/?style=biz

Posted by paperplane2 > 2015-06-23 23:24 | Report Abuse

Is it sustainable? I always ask myself this question.

Posted by rikki > 2015-06-24 21:45 | Report Abuse

China to scrap commercial banks’ loan-to-deposit ratio

BEIJING: China is to scrap the country’s longstanding loan-to-deposit ratio requirement, the latest in a series of measures to reform the country’s commercial banking sector and get more lending into a slowing economy.

China’s cabinet, the State Council, published its decision late on Wednesday, as part of a draft amendment to the country’s 20-year-old commercial banking law.

Chinese banks at present are prohibited from lending more than 75% of their deposits, limiting their ability to offer loans and engage in other commercial activity.

The move comes as the country’s economic growth continues to slow, and as the government hastens financial reforms that have included the liberalisation of interest rates and the implementation of a deposit insurance scheme.

“The loan-to-deposit ratio is the biggest administrative restriction over banks,” said Ma Kunpeng, a Shanghai-based banking analyst at Sinolink Securities Co, after the announcement.

The removal of the restriction will “strengthen ability of financial institutions to lend more to the agriculture sector and small businesses”, the State Council said in an online statement.

Analysts said shares in Chinese banks, including top lenders Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd , would likely rise as a result.

As China steps up its financial reforms, its central bank has cut interest rates three times in the last seven months in a bid to lower borrowing costs, while giving banks more flexibility over how much they pay depositors, which has hit bank earnings as lenders face competitive pressure to pay more for deposits.

In May, China launched a long-awaited bank deposit insurance scheme, setting the stage for full liberalisation of deposit rates, which would allow banks to compete on the basis of deposit yields, seen as a key step in letting the market, not the state, set the price of capital and risk.

Last week, Bank of Communications, the country’s fifth-biggest lender, unveiled the country’s first ownership reform of state-owned banks, which aims to introduce private shareholding to help drive growth.

Even with the removal of the lending restriction, bank lending isn’t expected to increase substantially, said Li Qilin, an analyst at Minsheng Securities Co, as banks have become more risk-averse in a slowing economy.

Wednesday’s draft amendment will be submitted for approval to the Standing Committee of the National People’s Congress, China’s parliament, the cabinet said. It didn’t provide a timetable.

With credit demand weakening and banks struggling with the rising costs of deposits brought about by interest rate liberalisation, it was the “perfect time” to remove the loan-to-deposit requirement, said Ma of Sinolink Securities.

The State Council also said it would set up a 300 billion yuan (US$48bil/RM180.6bil) national insurance fund to invest in domestic and foreign funds that finance urban construction, regeneration and water projects as well as key projects in the “One Belt, One Road” initiative. - Reuters

http://www.thestar.com.my/Business/Business-News/2015/06/24/China-to-scrap-commercial-banks-loan-to-deposit-ratio/?style=biz

Posted by rikki > 2015-06-24 21:50 | Report Abuse

Encorp and Felda team up to develop new township in Malacca

Encorp Bhd plans to develop an integrated township on a 640.98-acre leasehold land in Malacca provided by its ultimate owner, the Federal Land Development Authority (Felda).

The property developer told Bursa Malaysia that it entered into a memorandum of understanding (MoU) with Felda on Wednesday for a proposed development of commercial and housing projects in Bukit Katil.

Felda will provide the land free from all encumbrances for purpose of the proposed development, and Encorp will develop the master plan and investment proposal, manage and coordinate the master planning as well as develop and construct the township.

The MoU will take effect from Wednesday (June 24) will continue in force for 12 months or until the execution of the definitive agreement, whichever is earlier, or such other extended period of time as may be mutually agreed to by the parties in writing

The MoU may be terminated by both parties without cause subject to 30 days prior written notice to the other party.

Felda owns 70.97% of Encorp through its investment arm Felda Investment Corp Sdn Bhd (FIC). FIC had emerged as a substantial shareholder in Encorp last year.

Felda chairman Tan Sri Mohd Isa Abdul Samad told StarBizWeek earlier this year that Encorp had the opportunity to leverage on a sizeable landbank located in prime areas across Malaysia that was owned by Felda.

Encorp closed 8 sen higher at RM1.13 on Wednesday.

http://www.thestar.com.my/Business/Business-News/2015/06/24/Encorp-and-Felda-team-up-to-develop-new-township-in-Malacca/?style=biz

Posted by rikki > 2015-06-25 10:58 | Report Abuse

Share valuations of world's top medical glove makers surge, all in Malaysia

Share valuations of the four biggest medical glove makers in Malaysia -in the world, in fact - have soared to historic highs, but not because of the MERS outbreak.

The median forward 12-month price-to-earnings ratio of Top Glove, Supermax, Kossan Rubber Industries and Hartalega has risen to 18, the highest ever, according to Thomson Reuters data.
The figures also show their combined revenue is expected to grow 20 percent in 2015, the most in five years.

The chief driver of sales is the ringgit's slump to nine-year lows against the dollar, making exports more competitive.

Low raw material prices will also help widen profit margins.

Analysts advocate a selective stock-picking strategy. Among the four, they see Top Glove as their top pick.

Shares of the world's biggest glove maker, which commands a 25 percent share of the market, have jumped some 11 percent in Kuala Lumpur since the company released earnings on June 17 that beat expectations.

"I think given the strong rally in Kossan prices, value has emerged more in players such as Top Glove and Supermax," said Chris Eng, head of research at Etiqa Insurance & Takaful, which manages more than 23 billion ringgit ($6.12 billion) of assets.

"Probably Top Glove presents the most value as we expect oil prices to gradually rise in coming months putting upward pressure on nitrile as well, which will disadvantage Hartalega and Kossan."

The recent outbreak of Middle East Respiratory Syndrome (MERS) in South Korea has also helped spark investor interest in the stocks, though analysts do not expect MERS to translate into a jump in glove demand with a material impact on earnings.

Malaysia-based RHB Research attributed this to the success of South Korea in containing MERS. South Korea has reported a total of 180 MERS infections as of Thursday morning, with 29 deaths.
In contrast, Severe Acute Respiratory Syndrome (SARS) in 2003 infected 8,096 people and killed 774, and driving up demand for medical gloves.

As for Ebola, which has killed more than 11,000 people in West Africa in the past year, cases have declined sharply in recent months.

http://www.thestar.com.my/Business/Business-News/2015/06/25/Share-valuations-of-worlds-top-medical-glove-makers-surge/?style=biz

Posted by rikki > 2015-06-25 22:24 | Report Abuse

SCGM proposes bonus issue, share price hits all-time high

Thermo-vacuum-formed plastic packaging products manufacturer SCGM Bhd, whose share price hit a record high today, is proposing a bonus issue of 40 million new shares on a one-for-two basis.

SCGM (fundamental: 1.5; valuation: 1.5) told Bursa Malaysia this evening that the bonus issue is the most appropriate avenue of rewarding the existing shareholders, while simultaneously enhancing its capital base.

The group also expects the proposed corporate exercise to increase its issued and paid-up share capital to a level which would be more reflective of its current scale of operations and assets employed.

SCGM noted its proposal today requires the approval from Bursa Malaysia and shareholders.

Its share price has been on the rise from RM1.81 on Jan 2 to RM3.70 today. The stock has more than doubled year to date, with a market capitalisation of RM296 million.

SCGM's net profit for the fourth financial quarter ended Apr 30, 2015 (4QFY15) has doubled to RM5.14 million or 6.42 sen, from RM2.51 million or 3.14 sen per share in 4QFY14. Cumulatively, the group's FY15 profit was RM15.65 million or 19.57 sen per share, up 36% from RM11.49 million or 14.36 sen per share in FY14.

http://www.theedgemarkets.com/my/article/scgm-proposes-bonus-issue-share-price-hits-all-time-high

Posted by rikki > 2015-06-26 19:55 | Report Abuse

Unfazed by Greece, some fund managers stay bullish on Europe

The prospect of Greece defaulting on its debt has long been viewed as the recipe for a global stock market disaster. Yet some fund managers are prospering by ignoring the risks of another financial crisis and moving more money into European stocks.

Brian Burrell, co-portfolio manager of the $11.5 billion Thornburg International Value fund, increased the percentage of European stocks such as French materials maker Compagnie de Saint-Gobain and French construction company Vinci in his portfolio by 10 percentage points since the end of 2014, making European stocks 65 percent of his total assets.

Now, he's reaping the rewards: with broad European stock markets up by 15 percent or more for the year to date, his fund is up 17.1 percent over the same time, a performance that ranks among the best international funds and leaves the 2.5 percent gain in U.S. stocks far behind.

At a time when the average international fund tracked by Lipper has dropped its holdings of European stocks by 1 percentage point, to an average of 43 percent, fund managers like Burrell that went the other way are outperforming.

Now, with Greece and the so-called "Troika" of primary creditors - the European Commission, the European Central Bank and the International Monetary Fund - once again at an impasse, several of these fund managers say that they are ready to double down on European stocks should the market start to sell-off if Greece does indeed default.

"People are starting to react to headlines, and that's when we start buying," said Michael Testorf, a co-portfolio manager of the $53.8 million RSQ International Equity fund.

REASONS FOR BULLISHNESS

Chief among their reasons for bullishness: the conviction that Greece's debt standoff, now drawn out for four years, has given Europe's financial system enough time to prepare, preventing the sort of panic that sent stocks tumbling in 2008 when Lehman Brothers fell.

At the same time, the European Central Bank has expanded its quantitative easing program to lower interest rates, helping spur economic growth and leading to an 11 percent drop in the euro against the dollar in the first quarter.

Combined with lower oil prices, the ECB now expects eurozone GDP to grow by 1.5 percentage points in 2015 and 1.9 percentage points in 2016. The eurozone economy rose by an annual rate of 1 percent in the most recent quarter.

To be sure, the significant decline in the value of the euro has eaten into the returns for some dollar-based investors. Burrell, the Thornburg fund manager, said that his portfolio had partial currency hedges in place during the early part of the first quarter, but that the fund no longer has currency hedges in place after the euro's decline.

Testorf, whose fund has been trimming its holdings of Japanese stocks to have cash available to buy European stocks on declines, is planning on increasing his holdings of Italian banks such as Intesa Sanpaolo and Banca Popolare di Milano in the event of a selloff. Both companies should benefit from increased consolidation in the Italian banking sector over the next 12 months, he said, which will give the companies more pricing power.

"We've been long-term believers in the repair of Europe, and you're starting to see it in the economic numbers. We are confident that you're going to see GDP growth of over 2 percent in the eurozone by 2016," he said.

A Greek default would also likely lead to an immediate recession in the country, muting the appeal of anti-austerity movements in Spain and Italy, he added.

Not all fund managers that have benefited from Europe's stock rally are as optimistic, however.

Michael Allison, a co-portfolio manager of the $423 million Eaton Vance Global Dividend fund, increased his stake in European stocks by 64 percent between the end of 2014 and April. Yet much of that move was timed to capture annual dividend payments, and not indicative of his long-term outlook for Europe, he said, adding that the fund has since sold some of its European holdings.

"With Greece, who knows what could happen. You could have a very unpleasant outcome for investors, and we don't try to position ourselves with macro outcomes in mind," he said.

Burrell, the Thornburg fund manager, said that he is not overly concerned that a Greek default would affect his holdings in companies such as wealth manager UBS or Telecom Italia.

Instead, he's looking for signs that the European economy is truly improving before he decides to significantly increase his positions from here.

"We're in the phase where need to see fundamental growth kick in. If that happens, then these stocks are still quite compelling valuation-wise," he said.

http://www.theedgemarkets.com/my/article/unfazed-greece-some-fund-managers-stay-bullish-europe

Posted by rikki > 2015-06-30 08:14 | Report Abuse

Analysts say Greece fallout unlikely to affect Malaysia, concerned about ringgit

The fallout from Greece’s possible exit from the European Union following its debt crisis is unlikely to have a contagion effect on the Malaysian economy for now.

But the concern is more on Fitch’s credit rating of Malaysia that could impact the ringgit, which is seeing minimal effects from the Greece problem.

Areca Capital chief executive officer Danny Wong felt the risk of a contagion effect on the Malaysian economy was “quite removed”.

“There is a small chance it will affect the rest of the world. but indirectly through perhaps a programmed sell-down by fund managers due to Greece’s exit because they are overweight on developed countries and underweight on emerging markets,” he said.

Malaysia’s equity exposure was quite limited at the moment, he added. But the worry lies in possible selldown on Malaysian Government Securities (MGS) bonds.

“There’s a substantial amount of foreign holdings on MGS. If they sell down, the risk is on whether we have the reserves and funds to cushion this. Even if we have, what about the currency side? Will it go down further?” he said.

Wong thinks the impact on the direct economy would be minimal, especially since the country does not have products with exposure to Greece.

A majority of Asian markets recorded losses following the Greek government’s decision to shut its banks for a week on Sunday night, and put capital controls in place, limiting withdrawals to 60 euro a day. This ensued from the European Central Bank’s decision to cap liquidity on Greece’s bail-out plan a day before.

MIDF Research said the Greece problem would have little fundamental impact to Malaysia’s economy and the local financial market except for a negative transitory shock in the short term.

With just yesterday’s and today’s trading figures to be included, the cumulative outflow for June would exceed RM3bil.

“For 2015, last week’s selldown increased the cumulative net foreign outflow to RM8.7bil, surpassing the RM6.9bil outflow for the entire 2014,” MIDF Research said.

This was significantly higher than the RM372.4mil sold during the previous week. Foreign investors have been net sellers on Bursa Malaysia for nine consecutive weeks.

“It has been the longest stretch of foreign withdrawal since the last three months of 2013. Last week, foreign investors sold equity listed in the open market on Bursa, excluding off-market deals amounted to RM824.7mil on a net basis,” said MIDF.

The capital controls put in place by Greece will, to a degree, cause some investor aversions to risks, said Fortress Capital CEO Thomas Yong.

He said: “Although the Greece problems have limited impact on Asia, investors are watching closely for ringgit outlook downgrade by Fitch. Certainly a downgrade will be negative in terms of foreign equity flows.”

As for equity, Wong said he would “buy on any sharp selldowns”. “It’s more a sentiment issue and not really a direct impact,” he said.

On concerns that it would trigger another round of exit by foreign funds, he said: “I’m not too worried about this as we have gone through so many ups and downs. People tend to forget the long-term strategy. As a fund manager our long-term strategy doesn’t change but we might have a bit of tactical move to switch counters for risk management purposes. We are still 80% invested,” he said.

He added that a possible downgrade from Fitch was not warranted, given Malaysia’s current data and fundamentals.

“When oil price came down, there were concerns of how it will affect our trade surplus and current account with the possibility of a twin deficit. But now, almost a year since oil price started to come down, our trade surplus is still big enough to cover that. So that proves that we are not that heavily dependent on oil trade. Yes, it affected us on the budget side, but the GST and subsidy rationalisation is enough to cushion that. And now oil is above the level that was used in the revised budget level,” he said.

http://www.thestar.com.my/Business/Business-News/2015/06/30/Greece-fallout-unlikely-to-affect-Malaysia/?style=biz

Posted by rikki > 2015-06-30 18:14 | Report Abuse

Few signs of market panic as Greece nears default

Eurozone stocks, low-rated bonds and the euro weakened on Tuesday as Greece looked set to default on a repayment due to the International Monetary Fund and to plunge deeper into financial crisis.

There was little evidence of panic, however, with investors pointing to Europe's improved ability to fight financial contagion since the height of the euro debt crisis in 2011.

http://www.theedgemarkets.com/my/article/few-signs-market-panic-greece-nears-default

Posted by rikki > 2015-07-01 06:58 | Report Abuse

Fitch affirms Malaysia's credit rating at 'A-', revises outlook to stable

Fitch Ratings has revised the outlook on Malaysia’s sovereign rating to “stable” from “negative”, and affirmed the country’s long-term foreign currency Issuer Default Rating (IDR) at 'A-', with local currency IDR at 'A'.

The review is in sharp contrast to the market's expectation of a downgrade by as much as two notches on Malaysia’s credit rating, following its earlier remark in March on such a possibility because of worsening trade balance and a state investment company's struggles to meet its debt obligations.

Fear of the downgrade has dampened the equity market sentiment and sent the ringgit to near ten-year low earlier this week.

In a statement released just before midnight, Fitch said Malaysia's fiscal finances have improved since last year with the general government deficit falling from 4.6% of gross domestic product (GDP) in 2013 to 3.8% of GDP in 2014, and general government debt to GDP ratio declining from 54.7% at end-2013 to 53.9% end-2014, as per Fitch estimates.

Fitch viewed the progress on the Goods and Services Tax (GST) and fuel subsidy reform as supportive of the country's fiscal finances. A further narrowing of the deficit is forecast in 2015, despite lower oil prices.

http://www.theedgemarkets.com/my/article/fitch-affirms-malaysias-credit-rating-revises-outlook-stable

Posted by rikki > 2015-07-01 08:29 | Report Abuse

Puerto Rico more important than Greece, China: Cramer

As default looms large over Puerto Rico, CNBC's Jim Cramer said Tuesday the situation there is more important to investors than the Greek saga or the situation in China.

"Everybody had it. Rich people had Puerto Rico. Mutual funds had Puerto Rico [bonds]. A lot of hedge funds had levered up Puerto Rico because it was such a great trade. It turned out to be not so great," Cramer said on "Squawk on the Street."

Cramer made his remarks a day after the U.S. territory's governor, Alejandro García Padilla, told The New York Times that, as the situation stands now, Puerto Rico cannot pay its $72 billion debt. "This is not politics, this is math," García Padilla said.

http://www.cnbc.com/id/102798297

Posted by rikki > 2015-07-01 12:25 | Report Abuse

Major Puerto Rico investor warns it stands ready to defend bonds

U.S. fund manager OppenheimerFunds, the largest holder of Puerto Rico debt among U.S. municipal bond funds, warned the island it stands ready to defend the terms of bonds it holds, a day after the governor said he wanted to restructure debt and postpone bond payments.

Puerto Rico's Governor Alejandro Garcia Padilla could be heading toward a fight with creditors unwilling to take reduced payouts as he tries to restructure the island's $73 billion debt to relieve its fiscal problems.

OppenheimerFunds, with about $4.5 billion exposure to Puerto Rico according to Morningstar, said it believed the island could repay bondholders while providing essential services to citizens and growing the economy. It said it stood ready "to defend the previously agreed to terms in each and every bond indenture."

"We are disheartened that Governor Padilla, in a public forum, has called for negotiations with other creditors, representing and including the millions of individual Americans that hold Puerto Rico municipal bonds," a spokesman for Oppenheimer said in a statement.

http://www.reuters.com/article/2015/06/30/us-usa-puertorico-idUSKCN0PA2IJ20150630

Posted by rikki > 2015-07-01 15:29 | Report Abuse

Fitch upgrade of Malaysia from negative to stable is brilliant news
Posted in Uncategorized on 01/07/2015 by J&J 35

It is a positive thing that we need after 1MDB issues. At least not because of 1MDB impacted every angles.

We do have a better appetite after this upgrade and we bought Cypark after their good result announced yesterday at RM 1.80. We will reasonably shop around after this Fitch upgrade.

Posted by Mark T Bird > 2015-07-01 22:26 | Report Abuse

Tessa, now malaysia reserve hacked
http://themalaysianreserve.com/new/

Posted by YS Babe > 2015-07-01 22:36 | Report Abuse

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setaraf dengan yang atas tu
mark apa awak buat kat malaysian reserve? ada berita bursa ke? hehehe

Posted by Mark T Bird > 2015-07-01 22:39 | Report Abuse

...secret... friend?????????
hohoho

Posted by Tessa Joseph > 2015-07-02 00:45 | Report Abuse

My fb aso they want 2 masuk...eeeee

Posted by YS Babe > 2015-07-02 09:51 | Report Abuse

tapi awak ada
http://tessajoseph.blogspot.com/

aku nampak down lagi website http://superawesomedeals.com.my/

susah juga ada website ini


Ok nak kerja KUTPAI

Posted by Tessa Joseph > 2015-07-02 10:22 | Report Abuse

yup, something to fall back on :)

Posted by Hitman > 2015-07-02 10:27 | Report Abuse

Tess, whats your fb name?

Posted by rikki > 2015-07-02 15:12 | Report Abuse

Kenanga Research maintains overweight on tech sector

Kenanga IB Research maintained its overweight recommendation on the technology sector, pointing out that the strong US dollar versus the ringgit trend and healthy global industry outlook as being in favour of the sector, despite the uncertainty GST has brought to the nation’s economy.

Its analyst Desmond Chong reported that the export-oriented earnings of local semi-conductor companies allowed them to escape the impacts of GST.

“It (the sector) is an investment merit for investors seeking refuge in the challenging local economic landscape.

“However, after two consecutive years of share price outperformance, risk-reward ratios of the local tech stocks have become less favourable. Hence, we see the bottom-fishing approach as especially apt for the sector,” said Chong.

He reported that in April 2015, global semiconductor sales maintained a strong momentum (+4.8% Year over Year – YoY), marking the 24th consecutive months of year-on-year increase.

“Outlook-wise, the Semiconductor Industry Association (SIA) expects continued growth in 2015, with World Semiconductor Trade Statistics (WSTS) sharing the same optimism, expecting the worldwide semiconductor market to grow steadily at a 2-year CAGR of 3.4% to USD359b in 2016, and further grow by 3.0% in 2017.

“Looking at another crucial indicator which tracks equipment spending (indicates the industry capacity expansion), SEMI, SIA and WSTS concurrently expect a high-single to mid-teens digit growth for the worldwide equipment sales in 2015,” he said.

Kenanga Research’s economic team was also projecting an exchange rate of UD vs MYR at a RM3.57/USD average in 2015, which is a boon for export-oriented semi-conductor companies.

“Based on our sensitivity analysis, every 1% fluctuations in the USD will impact our FY15E NPs for Unisem (M) Bhd ( Financial Dashboard), Malaysian Pacific Industries Bhd ( Financial Dashboard) and Vitrox Corporation Bhd ( Financial Dashboard) by 1%. Meanwhile, on the GST front, these players are expected to be least affected (based on the draft general guideline issued by Royal Malaysian Customs) due to their zero-rated status,” said Chong.

Looking back at the last round of the tech industry upcycle based from data by SIA, Chong warned that the last time the upcycle happened, it sustained itself for around 20 months (Nov 2009 to July 2011) before YoY growth tapered off, turning into an industry downturn.

“On our take on this current cycle, we see favourable macro factors fuelling industry growth. Note that our assumptions are premised on the continuation of gradual improvement in the global economy, with the US leading on firmer expansion of its domestic economy.

“Should there be any unforeseen adverse macro factors such as global economy slowdown, adverse currency fluctuations or a financial crisis, it could alter/deviate our positive convictions on the sectors and stock picks,” he said.

http://www.theedgemarkets.com/my/article/kenanga-research-maintains-overweight-tech-sector

Posted by rikki > 2015-07-02 20:06 | Report Abuse

Yvonne Chia among independent investors subscribing for ManagePay shares

ManagePay Systems Bhd ( Financial Dashboard) announced that it has received undertakings from independent third party investors — including former Hong Leong Financial Group Bhd (Financial Dashboard) chief executive officer Datuk Yvonne Chia and Fajarbaru Builder Group Bhd ( Financial Dashboard) chairman Tan Sri Kuan Peng Ching@Kuan Peng Soon — to subscribe for some 120.81 million placement shares at an issue price of 23 sen apiece, for a total of RM27.79 million.

In a filing with Bursa Malaysia this evening, ManagePay said Chia will subscribe for 20 million shares for RM4.6 million, while Kuan will subscribe for 5 million shares for RM1.15 million.

Other investors include ConnectIoT Sdn Bhd, which will subscribe for 13.8 million shares, followed by RedGiant Analytics Asia Sdn Bhd (26.47 million shares), Andrew Chia Wei Jun (12 million shares), Chu Hong Keong (8 million shares), Chin Chee Thoy (20 million shares) and Soon Kian Heng (15.55 million shares).

“The proposed private placement is conditional upon the approval being obtained from the shareholders of the company at the forthcoming extraordinary general meeting (EGM),” ManagePay said in a filing. The group has scheduled the EGM on July 14, 2015.

ManagePay also noted that should any of its outstanding warrants be exercised prior to the implementation of the private placements — which will increase its issued and paid-up capital — the group will place additional placement shares to third party investors.

As at June 19, 2015, ManagePay has 182.98 million of outstanding warrants, which carries the right to subscribe for a new share during the three-year exercise period.

Assuming that all its warrants are exercised, ManagePay’s issued and paid-up capital will increase to 585.7 million shares from 402.72 million shares currently.

To recap, ManagePay had on March 25, 2015 announced its plan to raise up to RM40.41 million by issuing up to 175.7 million shares — equivalent to 30% of its existing issued and paid-up capital — at 23 sen per share.

As at March 31, 2015, ManagePay has cash and cash equivalent of RM15.45 million.

ManagePay had said that the bulk of the proceeds raised will be used to develop its electronic money (e-money) project via online wallet and prepaid card.

ManagePay (fundamental: 1.3; valuation: 0) had also noted that it would sign strategic partnership agreements with other card service provider such as Visa, MasterCard and China’s UnionPay for its e-money project.

ManagePay’s counter has risen 75.6% from 20.5 sen on Feb 13 to its one-year high of 36 sen on May 15. It has since retreated to close at 29 sen today, with 1.83 million shares traded, giving it a market capitalisation of RM115.35 million.

http://www.theedgemarkets.com/my/article/yvonne-chia-among-independent-investors-subscribing-managepay-shares

Posted by Tessa Joseph > 2015-07-03 11:04 | Report Abuse

Hit, what's your fb name? If malu come whisper in my ears :)

Okay I have updated all pages, plus new design and layout, feel free to visit all pages at http://superawesomedeals.com.my/

Posted by YS Babe > 2015-07-03 11:47 | Report Abuse

kuning mak ai
hehehe

Posted by rikki > 2015-07-03 13:44 | Report Abuse

Jp Morgan: Fitch's rating upgrade a positive endorsement of Malaysia's reforms

Fitch Rating’s assertion of Malaysia’s credit rating at A- and rating outlook to “stable” is seen as a positive sign for the country, JP Morgan said in a statement.

The agency said Fitch’s revised sovereign rating outlook from negative to stable was an affirmation of fiscal reforms that have been taking place, such as the fuel subsidy reforms and successful introduction of the goods and services tax in April.

“Fitch’s affirmation of Malaysia’s credit rating at A- and the revised outlook from negative to stable has removed one of the equity market overhangs, in our view.

“Nevertheless, lower oil prices (even at current levels), heightened political uncertainty, and weak earnings momentum would likely remain market overhangs,” it said.

JP Morgan noted that the equity market’s earlier fear was that a potential Fitch downgrade was likely to have an impact on the ringgit and currency rates.

Given the potential reprieve on the ringgit and rates, and arguably the fiscal outlook, JP Morgan believes that property developers are interest sensitive.

“At the start of the year, we turned less negative on developers on a lack of new macro-prudential measures and potential easing of rates. Our top picks within the sector are Sunway Bhd and Eco World Development Group Bhd.

“We would also include telcos as interest sensitive. From the yield-trade perspective, Maxis Bhd and DiGi.com Bhd are less attractive compared with Telekom Malaysia Bhd and Axiata Group Bhd.”

The financial services firm noted that utility companies were also interest sensitive.

“For every 25 basis points change in rates, the impact to earnings in 2015 for Malakoff Corp Bhd, Tenaga Nasional Bhd (TNB) and YTL Power Bhd is 9%, 1% and 4% respectively, on our estimates.

“For Malakoff, 94% of debt is on fixed rates with 92% maturing in more than two years. For TNB, 99% of debt is on fixed rates, and for YTL Power, 54% of debt is on fixed rates.”

JP Morgan said TNB remained one of its top picks in Malaysia for structural reforms in returns, and has, in its view, priced in the 1Malaysia Development Bhd asset acquisition risk.

“A tactical rebound trade should, in our view, include large cap stocks that were sold down by foreign investors. For stocks under our coverage, AirAsia Bhd and IJM Bhd were sold down the most by foreign investors.

“AirAsia has stock-specific issues, leaving IJM as our preferred pick,” it said.

http://www.theedgemarkets.com/my

Posted by rikki > 2015-07-03 13:45 | Report Abuse

Tessa...i also wan to whisper ;-)

Posted by Mark T Bird > 2015-07-03 15:01 | Report Abuse

....me tooo

Posted by Tessa Joseph > 2015-07-03 15:09 | Report Abuse

LOL

Guys u need TA ULICORP?

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

click on image to view larger image

Posted by rikki > 2015-07-03 16:12 | Report Abuse

Tessa.....ulicorp, maybank still say trading buy....price really crazy dy

Posted by Tessa Joseph > 2015-07-03 17:43 | Report Abuse

yalor.. in TheEdge

Posted by Tessa Joseph > 2015-07-03 17:47 | Report Abuse

This email was forwarded to me by a friend..hmmm

Posted by YS Babe > 2015-07-03 17:50 | Report Abuse

baru lagi ke Sa?

Posted by Tessa Joseph > 2015-07-03 17:51 | Report Abuse

got it today :)

Posted by YS Babe > 2015-07-03 17:59 | Report Abuse

aku baru lawat http://superawesomedeals.com.my/
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macam aku tengah pilih juadah berbuka
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