Posted by rikki > 2015-10-22 00:17 | Report Abuse

Next ‘VW scandal’? Dyson accuses German vacuums of test cheating

It seems Volkswagen might not be the only German brand accused of cheating on its tests.

U.K. vacuum brand, Dyson has begun legal action against German rivals Bosch and Siemens, claiming they have misled customers on the testing of their products.

http://www.cnbc.com/2015/10/21/next-volkswagen-scandal-dyson-accuses-german-vacuum-cleaners-of-test-cheating.html

Posted by rikki > 2015-10-22 08:23 | Report Abuse

Support Line

GUNUNG Capital shares were generally range-bound, attempting to build a base for recovery after finding shelter at the two-year low of 38 sen on Aug 10. Technically, prices may firm in the short term, with the daily moving average convergence/divergence (MACD) histogram returning to positive. A breach of the 200-day simple moving average of 46 sen, followed by a clear penetration of the short-term descending line of 49 sen would signal a new leg of uptrend, en route to the 60-sen mark or the 66-sen barrier. Initial support is maintained at the 38-sen floor.

HONG Leong Industries Bhd reversed from an intra-day high of RM6.10, the best level since February 2000, to settle lower owing to profit-taking activity. Despite the easier close, the MACD indicator retains the buy call, implying investors can consider accumulating more on weakness. The initial target would be to test the immediate resistance of RM6.30 while the current support is lying at the RM5.79 level.

TOP Glove Corp set new records for the fourth straight day amid extended buying interest. Technically, shares are set to advance deeper into uncharted territory on the back of the bullish reading on the MACD histogram. However, trading volumes must expand accordingly to sustain the trend ahead. Otherwise, the bulls may pause for air, with the stochastic momentum index and the 14-day relative strength index painting a growing overbought picture. Initial support is envisaged at the RM9-RM9.12 band

Posted by YS Babe > 2015-10-22 09:36 | Report Abuse

selamat pagi, heh tessa dah tukar website? lama tak datang sini. mat burung mana awak? awak beli ape? hehehehehe

Posted by Mark T Bird > 2015-10-22 09:42 | Report Abuse

LCTH, TMCLIFE

Posted by Tessa Joseph > 2015-10-22 10:01 | Report Abuse

Hi all

Yes YS suda tukar. Am into free websites now. Wordpress and Blogspot. In term of design I love Wordpress, in term of market I like Blogspot (Google). VS suda jual, waiting to jatuh sikit and beli again simpan. I bought LCTH, sebab investment bank kata can go up to 90 sen. And I read the forum here someone mentioned that the movement style like Evergreen, so I better simpan. TMCLIFE I bought yesterday, I think this counter also can simpan, healthcare good business. I also ada Bornoil, beli for the fun of it. So far tak jalan2 LOL Oh yes, pernah beli WINTONI, suda jual, still monitor though, this company ada macam macam cerita, so it can suddenly up LOL

Nice to see you again. GTG

Posted by Tessa Joseph > 2015-10-22 10:09 | Report Abuse

Oh yeah YS, I also monitor Silk, this counter ada 2 issue, toll hike and nak jual highway. Just monitor but tak beli.

Bye!

Posted by YS Babe > 2015-10-22 10:53 | Report Abuse

Sa, aku fikir aku pun nak masuk wintoni dalam watchlist aku, aku tak tau betul ke tak, tapi ada orang kata ada link dengan eco world. Macam awak cakap counter ini banyak betul cerita, sersol mat burung pun kalah hehehe

Posted by rikki > 2015-10-22 12:45 | Report Abuse

Brahim’s mulls SATS’ offer to buy inflight catering unit stake

KUALA LUMPUR (Oct 22): Brahim's Holdings Bhd ( Financial Dashboard) received an offer from Singapore-based SATS Ltd ( Valuation: 1.70, Fundamental: 2.50) to buy a 49% stake in Brahim's Airline Catering Holdings Sdn Bhd (BACH) for RM218 million.

In a statement to Bursa Malaysia today, Brahim's said the conditional binding offer involved the acquisition of 490,000 shares in BACH.

"The board will appoint the relevant advisers in due course and deliberate on the terms of the said offer and decide on the next course of action.

"Further announcements will be made once the board has made a decision on the conditional binding offer," Brahim's said.

SATS plans to pay the RM218 million to Brahim's in two portions. Brahim's said the first RM110 million portion would be paid upon completion of the transaction.

The remaining RM108 million is conditional upon certain financial targets being met, according to Brahim's.

Brahim's website indicates that BACH owns 70% in Brahim's Airline Catering Sdn Bhd (BAC), which offers catering services to 28 global airlines. These include Malaysia Airlines Bhd ( Valuation: 1.40, Fundamental: 0.80), AirAsia ( Valuation: 1.20, Fundamental: 0.20) and Cathay Pacific.

Malaysia Airlines owns the balance 30% stake in BAC.

SAT's website shows that the company extends its catering expertise to various sectors including the aviation, logistics and hotel industries.

At Bursa Malaysia, Brahim's shares rose as much as 28.5 sen or 42% to 96.5 sen. The stock cut gains at 94.5 sen at 11.41am for a market capitalisation of RM228.03 million.

Brahim's was the second-largest gainer across the exchange.

Posted by rikki > 2015-10-22 20:05 | Report Abuse

Wellcall Holdings Berhad - Piped-in Growth

· One of its kind. Based in Ipoh, Wellcall Holdings (WELLCAL) is the only listed company which specialises in the manufacturing and distribution of industrial rubber hoses. The company manufactures mandrel hoses as well as extrusion hoses customised for a wide variety of applications, such as automotive, abrasion and welding, and to service oil and gas industries. Recently, the company announced the completion of a new production plant to include spiral hose to cater to customers with less heavy-duty requirements.

· Growing and still expanding. The company is now commissioning two production plants and a new production plant is in the pipeline. In addition to the newly invested spiral hose production line, the new plant will also house seven new mandrel hose production lines to increase the monthly capacity of mandrel hoses from 185,000 linear metres per shift (LMS) to 279,000 LMS (i.e. +50%). Furthermore, two rubber compounding machines will be installed in this facility to allow WELLCAL to perform rubber compounding in-house, a function which is currently outsourced. While there is no guidance on the amount of cost saving, we believe this strategic move will enable WELLCAL to enjoy better margins and to have better control over the quality of their production materials.

· Easing production costs in an export-oriented business. On top of the inhouse rubber compounding capability, WELLCAL is set to enjoy better gross profit margin with the declining cost of latex for its rubber hoses. Latex prices have declined from an average of 474.1 sen/kg in FY14 to 412.0 sen/kg in FY15 (as indicated by the Malaysian Rubber Board). Additionally, WELLCAL is poised to benefit from the recent drop in the crude oil prices as well, as petrochemical is used as an additive in processing rubber compound. Moreover, only a small portion of WELLCAL’s cost of production is in USD-denominated. As such, being an export-oriented business with approximately 90% of revenue generated from export transactions in USD, we expect positive effects to WELLCAL’s income statement from the strengthening of the USD. Nonetheless, as the company has a clientele base from across most regions in the world, with larger customers from North America, other Asian countries, the Middle East and Europe, WELLCAL may need to pass on some benefits from the strong USD back to their clients especially those in Asian countries as these economies also saw their currencies depreciating against USD.

· Strong historical performance with no signs of slowing down. In the past five years, the company has recorded a revenue CAGR, PBT CAGR and average PBT margin of 13.1%, 21.7% and 20.9%, respectively. With 9M15 cumulative revenue, PBT and net profit of RM119.8m, RM37.1m and RM28.4, respectively, it is set to overtake FY14 full-year results of RM146.4m revenue, RM38.7m PBT and RM29.5m net profit. We project FY15 revenue to fall close to RM175.1m (+19.6% YoY) with net profit of RM33.6m (+13.9% YoY). We further project that FY16 revenue of RM223.4 (+27.6% YoY), PBT at RM60.1m (+36.4% YoY) and net profit at RM45.1m (+36.4% YoY). We based our high growth projections to: (i) WELLCAL tapping into spiral hose line market, (ii) increased production capacity from the new production plant, (iii) cost savings from performing in-house rubber compounding, (iv) cheaper raw material costs, and (v) strengthening of USD.

cont/

Posted by rikki > 2015-10-22 20:05 | Report Abuse

WELLCAL has been generous with dividend pay-outs exceeding 90% of annual profit after tax for the past five years, a much higher payment from its 50% minimum dividend pay-out policy. Up to now for the three quarters of FY15E, a total payout of 6.9 sen or 80.7% of 9M15 has been declared. Nonetheless, in view of the underlying expansion plan, we would not be surprised to see the dividend payouts being reduced slightly, say 80%, for the next few years. We understand that the Group may require a total of RM55.0m in capex. While we have factored in lower dividend payouts, we further consider a financing of up to RM21.0m by FY16 into our earnings model. As such, our FY15E and FY16E NDPS are estimated at 8.0 sen and 11.0 sen, representing yields of 3.4% and 4.7%.

· Not Rated, however, we believe WELLCAL should be valued within a range of RM2.30-RM2.90 (or RM2.60 on average), implying a FY16E-FY17E PER of 17.0- 18.0x, based on our FY16E-FY17E EPS of 13.6-16.0 sen. Although these valuations at a premium amongst its small cap peers, it is still not demanding, in our view, given WELLCAL’s: (i) high growth potential (15.1% CAGR from FY14 to FY17E), (ii) sustainable profit margins (20.2% average net margin for FY16E and FY17E against 19.3% between FY13 to FY15E), (iii) strong ROE of >30% in FY16E/FY17E, and (iv) decent dividend yield.

Source: Kenanga Research - 22 Oct 2015

Posted by rikki > 2015-10-22 20:10 | Report Abuse

BNM international reserves climb as at Oct 15

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves rose to RM418bil or US$94.1bil as at Oct 15 from two weeks ago.

The central bank said on Thursday the reserves position was sufficient to finance 8.8 months of retained imports and was 1.2 times the short-term external debt.

The reserves were higher than those at Sept 30 when they were at RM415.1bil (US$93.3bil).

BNM had then explained the decline in reserves level in US dollar terms as at Sept 30 from the prior two weeks was mainly due to the quarterly adjustment for foreign exchange revaluation changes.

The reserves position was sufficient to finance 8.6 months of retained imports and was 1.2 times the short-term external debt.

If compared with Sept 15, BNM’s international reserves had increased by RM57.9bil in ringgit terms from RM360.1bil but lower in US dollar terms by US$1.2bil to US$95.3bil. The reserves position then was sufficient to finance 7.3 months of retained imports and was 1.1 times the short-term external debt.

Posted by rikki > 2015-10-23 08:22 | Report Abuse

Draghi warns on China, hints at further QE to come in December

ECB President Mario Draghi signaled on Thursday that the central bank is prepared to undertake another large stimulus package to tackle the lackluster growth seen in the euro zone.

"It was not a wait-and-see, but it was a work-and-assess. We are ready to act if needed, we are open to a whole menu of monetary policy instruments," Draghi said at the ECB's governing council meeting

http://www.cnbc.com/2015/10/22/european-central-bank-keeps-rates-at-record-lows.html

Posted by Hitman > 2015-10-23 08:26 | Report Abuse

I also monitor WINTONI...YS, apa cerita Wintoni & Eco?..

Posted by rikki > 2015-10-23 12:45 | Report Abuse

Malaysia's fiscal consolidation trend will remain intact this year, says Moody’s

KUALA LUMPUR (Oct 23): Malaysia's fiscal consolidation trend will remain intact this year due to the implementation of the Goods and Services Tax and the reduction of energy subsidies, according to Moodys’ Investors Service.

In a pre-budget commentary on Malaysia, Moody’s said the key question regarding the positive outlook on Moody's A3 rating is whether Malaysia's government can muster the political will to sustain the trend of fiscal consolidation that it initiated in 2010.

The rating agency said the administration faces a balancing act between its stated commitment to work towards a balanced budget and providing support to an economy that is facing major headwinds to growth.

“The government has successfully charted these waters before.

“In the wake of losing its popular mandate in the 2013 elections, fiscal reform actually accelerated, with the government announcing its decision to implement the goods and services tax during the 2014 budget announcement in October 2013.

“It also effectively removed fuel subsidies when global oil prices fell last year.

Moody’s however said given expected pressures on revenues next year due to low oil prices, it is unclear whether the government will cut spending to a sufficient degree to maintain that trend.

http://www.theedgemarkets.com/my/article/malaysias-fiscal-consolidation-trend-will-remain-intact-year-says-moody%E2%80%99s

Posted by rikki > 2015-10-24 00:29 | Report Abuse

Gadang wins RM375mil contract from Petronas

KUALA LUMPUR: Gadang Holdings Bhd has clinched a RM375.13mil contract from Petroliam Nasional Bhd’s (Petronas) subsidiary PRPC Utilities and Facilities Sdn Bhd.

The property and construction player told Bursa Malaysia that the letter of award given to its unit Gadang Engineering (M) Sdn Bhd was to undertake a project known as “Utilities, interconnecting, offsite (U10) facilities: Procurement, construction and commissioning of civil & infrastructure works at interconnecting sleepers amd utilities area 2 (Package 14-0301)” at Pengerang, Johor.

The contract, to span 31 months, is expected to contribute positively to the Gadang group’s earnings for the financial year ending May 31, 2016 onwards.

None of the directors or major shareholders of Gadang or persons connected with them has any interest, whether direct or indirect in the contract.

In June last year Gadang had won a contract (Package 18C) from Petronas Refinery and Petrochemical Corp Sdn Bhd with an estimated value of RM350mil. The contract was to be completed in September this year.

Gadang shares shed 2 sen to close at RM1.46 on Friday.

Posted by rikki > 2015-10-24 16:46 | Report Abuse

Eye on stock; SMRT Holdings

A MASSIVE rally pushed SMRT Holdings Bhd to a new all-time high of 94.5 sen on Aug 15 last year.

Thereafter, prices retraced to the near 200-day simple moving average (SMA) of 53.5 sen in a short correction process owing to apparent profit-taking, followed by a spike in the wake of fresh buying interest.

However, a futile attempt to beat the historical peak triggered another bout of liquidation pressure and this time round, selling was more persistent and as a result, the shares dropped all the way to a near three-year low of 17 sen on Aug 25.

SMRT re-tested this ebb once again a week later on Sept 3 to form a short-term “double bottom” pattern before bouncing off on renewed buying momentum, which saw prices mended to a high of 37 sen during intra-day session yesterday.

Based on the daily chart, the worst of SMRT appeared to be over, with prices breaking out of the one-year-old bearish descending line late last month.

Adding to our optimism that SMRT may be in the infancy stage of recovery, the rising 14-day SMA and the 21-day SMA continued to support the share prices. Perhaps, investors can consider taking up a position, if one is confident of the trend ahead.Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochstic momentum index were rising. It had issued a short-term buy at the neutral area a week earlier.

The past week witnessed the 14-day relative strength index retracing back to a reading of 63 on Tuesday before ticking up to finish at the 81-point level yesterday.

Meanwhile, the daily moving average convergence/divergence histogram resumed the upward expansion against the daily trigger line to keep the bullish note. A buy signal was issued on Sept 4.

Apparently, indicators are positive, implying SMRT shares are likely to firm on follow-through interest.

A breach of the 200-day SMA of 41 sen is poised to send prices up to challenge the heavy resistance of 46 sen, of which a clear penetration may see the bulls turning more aggressive. Strong support is pegged at 30 sen-31 sen band.

http://www.thestar.com.my/Business/Business-News/2015/10/24/Eye-on-stock-SMRT-Holdings/?style=biz

Posted by rikki > 2015-10-24 17:10 | Report Abuse

TAS: The recovery begins...

Results Update

For QE31/8/2015, TAS's net profit jumped by 285% q-o-q or 60% y-o-y to RM8.7 million on the back of relatively unchanged reve nue of RM76 million. The sharp jump in bottom-line was attributed to gain from foreign exchange due to the strengthening of the USD & SGD against the MYR

Valuation

TAS (closed at RM0.51 yesterday) is now trading at a current PE of 6 times (based on annualized EPS of 9 sen). We do not know how much of the earning of QE31/8/2015 will recur as it includes a substantial forex gain. Assuming the recurring earnings accounted for 2 sen EPS out of 5 sen reported EPS, then its recurring annualized EPS would be 8 sen. At this "adjusted" EPS, TAS's PER would be 6.4 times. Thus, TAS is deemed fairly attractive.

Technical Outlook

TAS had a sharp drop from a high of RM1.50 in July 2014 to a low of RM0.40 in August this year. It was at this time that it cracked below the long-term uptrend line, SS at RM0.40. Since then, the share price has recovered above its strong resistance of RM0.50. To rise further, TAS needs to break above the intermediate downtrend line, RR at RM0.52-0.54.

Conclusion

Based on imporved financial performance, relatively attractive valuation & mildly positive technical outlook, TAS is considered a good stock for a recovery play.

http://nexttrade.blogspot.my/

Posted by rikki > 2015-10-25 09:28 | Report Abuse

Shipbuilding, Repair Industry To Generate RM6.35 Bln In GNI

KUALA LUMPUR -- The Shipbuilding and Ship Repair (SBSR) industry in Malaysia is expected to generate RM6.35 billion in Gross National Income (GNI) and provide 55,000 employment opportunities by 2020. In 2013, the industry generated a turnover of about RM8.35 billion and provided about 32,500 jobs. Minister in the Prime Minister’s Department Datuk Mah Siew Keong said the industry is gaining traction as a new growth area and the government is fully committed to positioning Malaysia as a key global maritime player by 2020.
- Bernama

Posted by DreamPredator > 2015-10-25 09:34 | Report Abuse

So, which company?

Posted by tjhldg > 2015-10-25 11:17 | Report Abuse

Thanks bro Rikki .. Salute

Posted by rikki > 2015-10-25 14:39 | Report Abuse

U are most welcome bro Tj & Coldrisks ;)

Posted by rikki > 2015-10-25 14:52 | Report Abuse

AllianceDBS Research - Technical Buy 

3A @ RM1.05
TP 1.13 - 1.15 
Cut Loss 0.99

Posted by rikki > 2015-10-26 14:45 | Report Abuse

Stocks in spotlight after unveiling of Budget 2016

PETALING JAYA: Although there are several big projects under Budget 2016, analysts say investors trying to maximise profits should bank on companies with the best track record.

According to analysts, newly-listed Sunway Construction Bhd is a frontrunner to secure a contract to expand the Bus Rapid Transit (BRT) project. It had completed the first dedicated elevated bus-lane system in Bandar Sunway here.

The Government had announced two new BRT projects which would cost RM2.5bil.

The RM1.5bil BRT project between Kuala Lumpur and Klang would be implemented next year, while RM1bil would be allocated for the BRT project in Kota Kinabalu.

Construction and infrastructure development formed the thrust in the Government’s budget to boost domestic growth amid slacking external demand.

CIMB Research noted that the total number of projects in Budget 2016 amounted to RM85bil, with the BRT line in Kota Kinabalu and the RM900mil traffic dispersal scheme in Jalan Tun Razak, Kuala Lumpur among the surprises.

With new awards expected to be given out for the ongoing Klang Valley Mass Rapid Transit and the expansion of the Light Rapid Transit, IJM Corp Bhd and Gamuda Bhd are the key beneficiaries.

But while the construction sector continued to hog the limelight, smaller companies in the technology sector are also in the running to secure lucrative projects.

A plan by the Government to launch online visa application by the middle of next year had provided opportunities for major technology solution providers.

Datasonic Group Holdings Bhd, a supplier of visa and pass system to the Immigration Department, is said to be a strong contender for the project.

Other companies that might benefit included MyEG Services Bhd, a concessionaire for the Malaysian E-Government MSC flagship application project and Scicom (MSC) Bhd, which is the sole agent of processing student visa for the Education Ministry.

The e-visa system will initially cover tourists arriving from seven countries – China, India, Myanmar, Nepal, Sri lanka, the United States and Canada.

The move is part of the Government’s strategy to attract 30.5 million tourists, expected to contribute RM103bil to the economy, next year.

Some company are also direct beneficiaries from the Government move to nurture targeted industries.

For example, aerospace companies in the maintenance, repair and overhaul (MRO) business are now eligible to apply for a suspension of the goods and services tax on imported parts.

This could benefit Destini Bhd, a defence contractor that recently saw the Government taking up a 24.75% stake in the company in September. Destini provides MRO services to the military.

Meanwhile, Alliance Research described Budget 2016 as “market neutral” and would be reviewing its end-2015 KLCI target of 1,520 for an upgrade on investors looking to a delay in the US rate hike and concerns over domestic political uncertainties.

“With the KLCI rebounding strongly over the past month, it is currently trading at its historical mean price-to-earnings valuation of 15.2 times. But earnings risk still lingers while noises from domestic politics will likely return in the months ahead. As such, we continue to advise caution going forward, selling into strengths and looking for opportunities in dips,” Alliance Research said.

It said export-oriented technology players and construction companies remained its core “buy” ideas given more visible earnings growth trajectory. Among its top picks in these sectors were Gamuda, Globetronics Technology Bhd and Muhibbah Engineering Bhd.

“With the Government’s announcement that government-linked companies and government-linked investment companies are encouraged to invest domestically, we believe beaten down big cap stocks deserve a re-look. As such, we include Public Bank Bhd, Hong Leong Bank Bhd and Tenaga Nasional Bhd into our top buy ideas,” it added.

Posted by rikki > 2015-10-27 08:19 | Report Abuse

Support Line 27/10/2015

OLDTOWN recovered moderately from the three-year lows of RM1.26 on Sept 1 in a generally range-bound trading. Technically, this stock remains in correction mode, but it has the potential to come out of the doldrums, with the moving average convergence/divergence sustaining the upward expansion against the signal line after triggering a buy signal on Sept 11. The immediate resistance is seen at the RM1.51 barrier, followed by the RM1.60 mark. A clear penetration of the upper hurdle of RM1.83 would see the bulls becoming more aggressive. Initial support is pegged at the RM1.30-RM1.31 band.

MISC shares rebounded back to within striking distance of the previous rally high of RM9.39 on April 24, as investors seek bargain buys following the recent correction. Apparently the stochastic and the 14-day relative strength index are ticking up while the moving average convergence/divergence histogram retains the buy signal, suggesting a positive breakout may be on the cards. If successful, the near-term objective would be to re-visit the historical peak of RM10.04, established on Dec 7, 2007. Support is anticipated at the RM8.96 and RM8.85, which is the 14-day and 21-day simple moving average lines respectively.

TAS Offshore mended to a six-month high of 76.5 sen during intra-day session on renewed buying momentum. Based on the daily chart, a positive breakout of the uppermost 200-day simple moving average was sighted last Friday and theoretically, it would open the windows for more scaling until extreme overbought condition kicks in. Current resistance is expected at the 80 sen-82 sen range, followed by the RM1-RM1.05 band while support is lying at the 63 sen level.

Posted by rikki > 2015-10-27 08:32 | Report Abuse

Budget 2016 boosts Sarawak shares led by KKB Engineering

PETALING JAYA: KKB Engineering Bhd leads the pack of Sarawak-based counters that reacted quite positively post-Budget 2016, adding 11 sen or 6.75% at RM1.74 at the end of trading yesterday.

The price gains seen in a majority of Sawarak-based counters, although not by double-digit was a stark contrast to the benchmark FBM KLCI that shed 4.14 points or 0.24% at 1,706.79, nearing to the resistance level of 1,700.

The state is a major beneficiary of several infrastructure and social incentives in the recently announced Budget 2016.

Following on the heels of KKB, Cahya Mata Sarawak Bhd gained 17 sen or 3.31% at RM5,30, Sarawak Plantation Bhd added 2 sen or 1.06% at RM1.90, Sarawak Oil Palms Bhd increased by 2 sen or 0.41% at RM4.88 and Shin Yang Shipping Corp Bhd climbed by a sen or 2.82% to 36.5 sen at the end of trading yesterday.

On the other hand, port operator Bintulu Port Holdings Bhd and Hock Seng Lee Bhd were traded unchanged.

Global stock markets rallied after China cut rates on Friday for the fifth time this year, just a day after the European Central Bank signalled that it was ready to increase the scale of its stimulus measures.

Sawarak Cable Bhd shed 4 sen or 2.61% at RM1.49, Sarawak Consolidated Industries Bhd was down by 0.5 sen or 0.67% at 7.45 sen and Naim Holdings Bhd slid by 2 sen or 0.91% at RM2.18.

Budget 2016 that was announced last Friday saw RM42mil allocated for the construction of Mukah Airport in Sarawak.

Additionally, the Sarawak Pan-Borneo highway spanning 1,090km linking Sarawak and Sabah is expected to be completed in 2021 with a total cost of RM16.1bil. The PanBorneo Highway will be toll free.

Also, the national minimum wage will be increased from RM900 to RM1,000 per month for Peninsular Malaysia and from RM800 to RM920 per month for Sabah, Sarawak and Labuan, effective from July 1, next year.

“We deem this to be negative for planters, as a higher minimum wage will raise the planters’ costs of production unless it is offset by productivity gains.

“This is because labour costs form as much as 30% to 50% of the estates total costs and some estates workers are paid the minimum wage.

“The 11% to 15% rise in minimum wage could raise costs of production for estates by 3% to5%, leading to a potential cut in earnings of pure planters by as much as 10% for a full-year impact,” said CIMB Research.

Posted by rikki > 2015-10-27 12:37 | Report Abuse

ManagePay climbs 3.57% following partnership with Fusionex

KUALA LUMPUR (Oct 27): Shares of ManagePay Systems Bhd ( Valuation: 0.00, Fundamental: 1.30) rose as high as 3.57% on the back of its partnership inked with Adv Fusionex Sdn Bhd (Fusionex) for the development of services related to big data analytics and e-payment.

At 10.26am, the stock gained as much as one sen to 29 sen before settling at 28.5 sen. A total of 4.88 million shares were traded.

Year-to-date, the stock has gained 27.27%, bucking the trend of the FBM KLCI which has declined 2.69%.

According to The Edge Research, the stock is currently trading at 3.83 times book with trailing 12-month P/E of 139.61 times.

Yesterday, ManagePay announced that it has signed a partnership agreement with Fusionex for the development of services related to big data analytics and e-payment.

ManagePay said Fusionex will provide ManagePay and its clients with data analytics, big data tools and platform support, while ManagePay will provide electronic money (e-money) and electronic wallet (e-wallet) services to clients of Fusionex.

The e-money and e-wallet services are slated to be rolled out at the end of the year.

Fusionex is a subsidiary of Fusionex International Plc which is listed on the London Stock Exchange.

The partnership will also explore the potential of a jointly developed payment gateway integrated with a big data analytics platform for ManagePay and Fusionex's clients, ManagePay said.

ManagePay group managing director and chief executive officer Chew Chee Seng had said the collaboration with Fusionex will provide deeper insights to organisations that require big data analytics for customer spending patterns or product mix trends according to market or region.

ManagePay had said the partnership is in line with its business strategy to develop a new scalable business earnings stream.

It also allows ManagePay to jump start into a broader ecosystem in cashless transactions, under the e-payment initiatives set out by Bank Negara Malaysia.

Posted by rikki > 2015-10-27 12:39 | Report Abuse

Insider Asia’s Stock Of The Day: ES Ceramicts Technology

ES Ceramicts Technology Bhd ( Valuation: 0.80, Fundamental: 2.55)

The rubber glove industry will be going through a major expansion exercise over the next five years. This comes as local glove giants aim to boost their annual production capacity, with the top four players — Top Glove, Hartalega, Kossan and Supermax — collectively announcing plans to spend over RM3 billion as part of their long term capacity expansion plans.

Top Glove will be adding annual capacity totaling 7.8 billion gloves over the next two years. Over the much longer term, Hartalega plans to add annual capacity of 28.4 billion gloves, Kossan 22.0 billion gloves and Supermax 10.8 billion gloves.

These major expansion exercises will drive demand for ceramic hand formers, which are used in the glove industry. ES Ceramics (Fundamental: 2.55/3, Valuation: 0.8/3) is one such company that focuses on producing hand formers for production of medical gloves, household gloves, surgical gloves and industrial gloves.

Earnings for FYMay2015 jumped more than two-fold to RM5.6 million, due to better sales mix of premium products and production efficiency.

Notably, it has made a comeback since recording losses in FY2011. The losses in FY2011 were due to one-off charges arising from goodwill impairments and inventories written-off, which came after it underwent an internal restructuring to improve operational efficiencies and focus on higher margin products.

Between FY2012–FY2015, revenue grew from RM19.9 million to RM25.0 million. Meanwhile, net earnings grew at a faster pace from RM1.1 million to RM5.6 million, as margins improved. Its EBITDA margins rose from 22.1% to 29.3%.

In the same period, the company generated sturdy free cash flows, ranging between RM4.6–7.7 million. This has allowed it to build-up a strong balance sheet, with gearing pared from 37.0% in FY2012, to net cash of RM13.8 million as end-May 2015.

The stock trades at trailing P/E of 15.1 times, which is attractive relative to its growth, while the listed glove companies are trading at 16.0-40.4 times earnings.

Posted by rikki > 2015-10-28 20:19 | Report Abuse

UMW-OG bags jack-up drilling rig contract from Petronas Carigali

KUALA LUMPUR: UMW Oil and Gas Corp Bhd’s (UMW-OG) unit, UMW Offshore Drilling Sdn Bhd, has been awarded a contract for the provision of a jack-up drilling rig from Petronas Carigali Sdn Bhd. 

In a filing with Bursa Malaysia, UMW-OG said it would assign its UMW Naga 7 for this contract. 

“The contract is for seven firm wells with extension option of one plus one  well and the contract will commence on Oct 15, 2015,” it said.

UMW Naga 7 is a premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and a rated operating water depth of 375 feet.

UMW-OG is a Malaysian-based multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry. - Bernama

Posted by rikki > 2015-10-28 21:27 | Report Abuse

Affin Hwang: Upside bias for local stocks in Q4 on US quantitative easing bet

KUALA LUMPUR: Malaysia's stock market is expected to rise in the fourth quarter this year in anticipation of a further delay of the US rate hike due to continued weakness in the economic data, said Affin Hwang Asset Management Bhd managing director Teng Chee Wai.

Speaking at a market outlook briefing for Q4, he said the prolonged weak economic environment in the US has fuelled speculation that the Federal Reserve may be looking to introduce a new round of quantitative easing (QE).

"The weak data means a much prolonged cycle of QE and more drugs are put into the system to keep it alive," he noted.

While the revival of ValueCAP Sdn Bhd with an injection of RM20 billion could provide support to the market, he said external developments play a more significant role in influencing the fund flows

- See more at: http://m.thesundaily.my/news/1596047#sthash.40FmAyC5.dpuf

Posted by rikki > 2015-10-29 08:23 | Report Abuse

Support Line - The Star 29/10/2015

COMFORT Gloves rebounded from a 7-month low of 67 sen on Sept 2 to a high of 82.5 sen on Oct 5 on renewed bargain hunting interest before turning sideways. The trend ahead is pretty straightforward. A crack of the 76-sen floor, followed by a breakdown from the 50-day simple moving average (SMA) of 74 sen is likely to drag prices back to recent lows of 67 sen on extended correction. On the opposite, a breach of the 82.5 sen barrier would propel the shares up to the 95-sen mark. The next upside objective would be to challenge the previous major rally peak of RM1.10.

PERSTIMA shares scaled to a high of RM5.10 during intra-day session, the best since July last year on continuous buying momentum. Technically, the daily moving average convergence/divergence sustained the upward thrust against the daily signal line to stay bullish, implying there may be more advances in store. Initial resistance is expected at the RM5.15 level. A major breakout of the next hurdle of RM5.30 would see the bulls becoming more aggressive. Immediate support is seen at the RM4.85-RM4.88 range and strong floor is pegged at the 14-day simple moving average of RM4.72.

SOLUTION Engineering re-test the historical peak of 42 sen in early session before paring gains to finish at 39 sen, up 1.5 sen. Based on the daily chart, the bulls must move to the uncharted territory quickly. Otherwise, prices may fall on correction after forming a “double-top” pattern, with initial support resting at the 21-day SMA of 35 sen. A slip below the lower 200-day SMA of 30.5 sen will have a negative outlook going forward.

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

Posted by rikki > 2015-10-29 08:25 | Report Abuse

Northport operator NCB swings back to profitability

KUALA LUMPUR: NCB Holdings Bhd, which MMC Corp Bhd is eyeing to take private, returned to the black in the third quarter ended Sept 30 with a net profit of RM10.89mil against a loss of RM2.3mil a year earlier.

Announcing its unaudited interim results to Bursa Malaysia, the port operator said this was achieved on the back of 9.5% higher revenue of RM218.4mil.

Its port operations’ revenue grew 17.6% year-on-year to RM164.9mil, with pre-tax profit tripling from RM8.1mil to RM25.7mil.

In contrast, the logistics operations saw a 9.8% drop in revenue to RM53.5mil and continued to make a pre-tax loss, albeit a lower loss of RM7.7mil against RM10.6mil a year earlier.

NCB said container business, being the main contributor of revenue for port operations, recorded an increase in containers handled of 733,213 20ft equivalent units (TEUs) from 644,272 TEUs.

The loss in Q3 of last year was due partly to a 79.5% year-on-year plunge in pre-tax profit from the port operations to RM8mil. Containers handled had decreased as NCB was upgrading its wharf facilities and operating expenditure rose 19.6%. It also did not help that logistics arm Kontena Nasional widened its pre-tax loss by 88.7% to RM10.6mil.

For the nine months to Sept 30, 2015, NCB’s net profit soared to RM29.5mil from RM5.3mil in the corresponding period last year.

Posted by rikki > 2015-10-29 08:31 | Report Abuse

MRCB announces three major deals in one day

http://www.thestar.com.my/Business/Business-News/2015/10/29/Triple-win/?style=biz

Posted by YS Babe > 2015-10-29 09:44 | Report Abuse

jeng jeng aku beli wintoni
hehehe

Posted by YS Babe > 2015-10-29 09:58 | Report Abuse

sori hit aku baru baca, awak apa khabor? awak beli apa hehehehe
wintoni, aku ada baca ex-staff SP Setia tu dok buat kacau sekarang, ada desas desus si Eco tu punya hal, Sa pulak kata dalam orang baru dalam WINTONI macam orang2 Tun M, so tak secara langsung Tun Daim

Posted by Tessa Joseph > 2015-10-29 10:01 | Report Abuse

I also masuk WINTONI lol. At first tak suka but this counter real banyak story, so intereting to play with :)

Posted by YS Babe > 2015-10-29 10:07 | Report Abuse

ada gang, hit awak pun beli ler hehehehe
sa, aku ada baca kat website, awak tak suka sapura pasal adam, adam tu siapa?

Posted by Tessa Joseph > 2015-10-29 10:13 | Report Abuse

ADAM dulu macam CELCOM, MAXIS, now ADAM under MAXIS. 017..hmmm My personal experience SAPURA real bad company, not only that one of my friend kena buang kerja up to now no kerja, not a fan of SAPURA and associates, I rather beli ICON.

ok, GTG

Posted by YS Babe > 2015-10-29 10:34 | Report Abuse

kalau daim masuk balik market, mamat kat affin tu suka sangat, rancak hehehe

Posted by Tessa Joseph > 2015-10-29 10:44 | Report Abuse

One of the new appointed guy ada link dengan sukaguam guy, sukaguam guy ada link to tun m group while larry tey suka sue sue, dulu larry tey ada same problem dengan protasco's founder...hmmm

Posted by Mark T Bird > 2015-10-29 15:34 | Report Abuse

aha saw this link
https://superawesomedeals.wordpress.com/

Posted by YS Babe > 2015-10-29 15:59 | Report Abuse

besaunyer handbag lazada kat i3 nie hehehe
mark, aku baru baca ini
https://superawesomedeals.wordpress.com/technicalanalyzer/

Posted by Ufun Junior > 2015-10-29 16:01 | Report Abuse

tolong la bantu saya bagaimana nak jadi pemain saham yang berjaya :(

Posted by YS Babe > 2015-10-29 18:30 | Report Abuse

kena banyak baca, baru boleh pilih, baca kat websites tessa, baca kat sini, semua pun baca, pun aku masih tak pandai lagi main saham hehehehe

Posted by Tessa Joseph > 2015-10-29 18:55 | Report Abuse

just sharing, not a recommendation to buy or sell stocks, anyway if bored with the stock market, there's a recipe for bengkang jagung here https://superawesomedeals.wordpress.com/foodist/
and you can visit One City with your family during the weekends https://superawesomedeals.wordpress.com/pictures/

Posted by rikki > 2015-10-30 08:23 | Report Abuse

Market Outlook as at October 29, 2015

FBMKLCI has once again dropped below the neckline of the head and shoulders top at 1680. On October 7, we had noted that the index managed to climb back above the neckline (for the chart, go here). That earlier recovery (above the neckline) meant that the prior interpretation of a market that had made a top was in doubt. However, with the index once again trading below the neckline, the interpretation that the market has made a top reassert itself.

If the two indices do not recover above their respective neckline in the next 1-2 day(s), the negative interpretation would return, i.e. the market has made a top and will likely to continue to drift lower in the weeks and months ahead. Thus, it is important that we watch the market closely and take the necessary corrective action to adjust for the latest market outlook

http://nexttrade.blogspot.my/

Posted by rikki > 2015-10-30 08:24 | Report Abuse

China ended one child policy. That’s good impact towards commodities prices and stocks markets
Posted in Uncategorized on 29/10/2015 by J&J 35

Adding few hundreds millions young babies will create a new market demand for both China and the world. More demand in everything on earth. China stocks and commodities look to be positive in next 10 to 20 years.

Posted by YS Babe > 2015-10-30 10:44 | Report Abuse

amboi amboi mrcb wa naik, ada orang main, aku tengok conversion price tinggi, aku yang tak pandai ni kata ler hehehe

Posted by Tessa Joseph > 2015-10-30 10:53 | Report Abuse

The mother susah nak pergi above 1.28

Posted by YS Babe > 2015-10-30 10:56 | Report Abuse

aku tengok caring harga tinggi, bila aku baca kat website awak yang asiagali tu, brokers suruh jual, vincent tan pun jual hehehe

Posted by YS Babe > 2015-10-30 11:28 | Report Abuse

sa, awak rasa yg dapat duit ekuinas sapres atau icon