Posted by Tessa Joseph > 2015-10-30 11:38 | Report Abuse

No idea, I read that benny jupiter says maybe the money for icon, media says for sapres, one for the kapal, one for the education, if I equinas I kasi the money to icon, but I am not equinas LOL You decide what's best for you to buy :)

Posted by YS Babe > 2015-10-30 16:50 | Report Abuse

aku suka tengok market rancak balik

Posted by Tessa Joseph > 2015-10-30 16:57 | Report Abuse

A friend whatsapp it seems like si polan dapat konsesi hospital shah alam, according to the sender so kecoh right now. I am in a state of shock LOL

Posted by YS Babe > 2015-10-30 16:57 | Report Abuse

La sape? public listed company ke?

Posted by Tessa Joseph > 2015-10-30 17:00 | Report Abuse

Yup. Dunno where that fella want to campak, ada 2 public listed company but I think the water one. He in there more people sakit. I sure don't want to go there LOL

Posted by YS Babe > 2015-10-30 17:02 | Report Abuse

hehehe aku rasa aku sape hehehe

Posted by Mark T Bird > 2015-10-30 18:50 | Report Abuse

TRIPLC :) PUNCAK ALAM :-)

Posted by Tessa Joseph > 2015-10-30 19:35 | Report Abuse

Mark, my friend kasi info shah alam, I so terkejut. Puncak alam ka? I see, must be BOT then, something he so familiar with...hmmm

Posted by YS Babe > 2015-10-30 23:05 | Report Abuse

kalau keluar undi tak percaya pada PM, semua tu hilang kan ke

ini ada berita terbaru aku baca

TRIplc appoints Yusof Badawi as new MD

KUALA LUMPUR (Oct 30): TRIplc Bhd ( Valuation: 1.50, Fundamental: 0.80) has appointed Yusof Badawi as its new managing director (MD) replacing Zainal Abidin Ismail who has retired.

Zainal Abidin's retirement and Yusof's redesignation from deputy MD to MD takes effect on Nov 1.

Prior to his appointment, Yusof was the chief executive officer/executive director of Merge Energy Bhd ( Valuation: 1.70, Fundamental: 1.80) from year 2003 to year 2011. He was also the executive director of Syarikat Bekalan Air Selangor Sdn Bhd from year 2011 to year 2015.

Yusof has 29 years of experience in the construction industry at various levels including at Senior Management and Board level and has been actively involved in management and implementation of various construction, infrastructure, housing development, waterworks and infrastructure maintenance project.

Meanwhile, Zainal Abidin, 60, was appointed to the board of TRIplc on Jan 1, 2011. He was the MD of construction company Pembinaan Era Dinamik Sdn Bhd prior to his appointment at TRIplc.

Zainal Abidin has over 37 years of working experience in civil engineering works, building works and property development. He began his career with Felcra in 1976 as a technical assistant.

TRIplc shares closed one sen or 0.65% lower at RM1.54, with a market capitalisation of RM100.27 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

KUTNAIK kutpai
HEHEHEHE

Posted by Mark T Bird > 2015-10-30 23:23 | Report Abuse

ahaks when the time comes you just go for johor stocks!

Goodnight friends

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

I like this house... always so happening.... Must come and merry this house always

Posted by rikki > 2015-10-31 09:22 | Report Abuse

MRCB on a roll

Its expansion drive has not gone unnoticed, but raises concerns on gearing

IF a list of stocks in vogue is to be made, Malaysian Resources Corp Bhd (MRCB) can count itself as one among them. The property and infrastructure construction company has recently come into focus for its expansion drive at a time when market sentiment is soft.

On Wednesday, it surprised the market with three job wins worth RM4.8bil – giving it long-term earnings visibility and moving it into the bigger league of business.

These comprise two contracts to upgrade facilities at the National Sports Complex (NSC) in Bukit Jalil for RM1.6bil and to develop a commercial project named Kwasa Utama in the Kwasa Damansara township for RM3.1bil.

It has also proposed a 70:30 joint venture (JV) with Cyberview Sdn Bhd to develop 53.4 acres of land in Cyberjaya, Selangor, in a project called Cyberjaya City Centre (CCC), with its 70% stake amounting to RM269.5mil.

MRCB has been on a roll of late. Earlier in September, it was awarded the RM9bil LRT3 construction project in a JV with George Kent Bhd that has a potential of about RM500mil in management fees alone. Expectations are that more new awards could be coming its way next year, say analysts.

There is no doubt that MRCB is a stock in transformation, following a new management team two years ago that saw Gapurna Sdn Bhd, a vehicle of entrepreneur Tan Sri Mohamad Salim Fateh Din, emerging as a shareholder in the once predominantly government-linked stock.

Gapurna has a 16.7% stake, while the other shareholder is the Employees Provident Fun (EPF) with 38.4%. Pilgrim fund Lembaga Tabung Haji is another major shareholder with a 10.1% interest.

The entry of Gapurna with its proactive approach has given the stock, which was plagued by legacy issues, a new lease of life.

Since then, the company has been on a restructuring mode to make it more property-centric. It divested its 30% stake in the Duta-Ulu Kelang Expressway for RM230mil, unlocked the value of its first investment property with the injection of Platinum Sentral into Quill Capita Trust Bhd for RM740mil, and bought choice land parcels in the Klang Valley such as MX1 in Kwasa Damansara and the German Embassy site for a total of RM1.08bil.

These developments have spurred a rebound in MRCB’s share price, which had been on a downtrend from the beginning of the year to hit a low of 80 sen on Aug 26. Since news on its win as the project delivery partner for the RM9bil LRT3 project, its shares have been steadily on the uptrend, gaining over 58.7% in a span of about 43 days. It touched RM1.27 at last look for a market capitalisation of RM2.25bil and trading at a price earnings of 7.32 times.

This price level is still a 24-sen discount to the consensus target price of RM1.51, according to Bloomberg information.

http://www.thestar.com.my/Business/Business-News/2015/10/31/MRCB-on-a-roll/?style=biz

Posted by rikki > 2015-10-31 09:25 | Report Abuse

Eye on stock: Gadang Holdings

GADANG Holdings Bhd had went through a round of relatively long correction phase recently (lasting 13 months) which saw its shares falling to a low of RM1.13 on Aug 25, the worst level since February, last year.

However, just when it appeared defenceless and in great danger of dipping further into the bearish area, a fresh bout of bargain-hunting interest emerged unexpectedly from the sidelines and that has helped lift prices higher. Since then, Gadang never looked back.

This stock gapped up in the morning and scaled to a five-month high of RM1.67 during intra-day session but what is more noteworthy is the positive breakout of the 15-month-old descending line recently, which indicates a bullish turnaround.

Going forward, Gadang is expected to firm on sustained bargain-hunting activity and should there be a pullback due to overbought reason, investors can consider accumulating more, provided the short-term 14-day simple moving average (SMA) line, now resting at the RM1.48 and rising, continues to support prices.

Initial resistance is envisaged at the RM1.70 mark, of which another breakthrough would pave the way for a re-test of the previous rally peak of RM2.04, set on July 24, last year.

Elsewhere, the daily slow-stochastic momentum index remained bullish despite fast reaching the overbought area. It had issued a buy at the 60% level in mid-week.

On the uptrend, the 14-day relative strength index climbed from the mid-range on Oct 20 to settle at the 81-point level yesterday.

Meanwhile, the daily moving average convergence/divergence histogram extended the upward momentum in tandem with the daily signal line to retain the bullish note. A buy call was issued on Sept 8.

Technically, indicators are painting a growing overbought condition, implying a correction may be around the corner, but we reckon there is still room for prices to advance on bullish extended-mode, as interest in Gadang still is strong.

To the downside. the trailing exit is pegged at the 21-day SMA of RM1.45. — By K.M. Lee

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

http://www.thestar.com.my/Business/Business-News/2015/10/31/Eye-on-stock-Gadang-Holdings/?style=biz

Posted by YS Babe > 2015-11-02 09:41 | Report Abuse

xox dah naik rasa macam krono lak

Posted by rikki > 2015-11-02 10:47 | Report Abuse

Stock With Momentum: Weida

WEIDA (Fundamental: 1.7/3 Valuation: 2.4/3), triggered our momentum algorithm for the first time last Friday. The stock closed 9 sen or 5.4% higher at RM1.77 on heavy volume, despite absence of significant developments.

Sarawak-based WEIDA is primarily involved in the manufacturing of polyethylene-based building materials, and construction of telecommunication towers and water & wastewater treatment plants. For FYMar2015, the manufacturing and construction segments accounted for 54.3% and 26.5% of revenue, respectively. It is also involved in property development, sewage treatment, waste management and quarry operations.

For 1QFY2016, net profit surged 145.1% y-y to RM9.4 million on the back of a 48.7% revenue growth to RM102.9 million. This was mainly contributed by higher sales from construction and property segments. Net debt stood at RM17.5 million at end-June, compared to a net cash of RM94.6 million in FY2013.

http://www.theedgemarkets.com/my/article/stock-momentum-weida

Posted by rikki > 2015-11-02 10:49 | Report Abuse

Stock With Momentum: Eupe

Property developer Eupe (Fundamental: 1.25/3, Valuation: 1.4/3) triggered our momentum alert on active trade last Friday, closing unchanged at 85 sen.

Primarily involved in property development and construction, Eupe is a leading township developer in Sungai Petani, Kedah. The company also owns and manages the 18-hole Cinta Sayang Golf and Country Resort in Sungai Petani and built the town’s first high-end condominiums within the resort.

Eupe is venturing into the Klang Valley through joint venture with landowners. It is scheduled to launch the first tower of its Bangsar South development, ‘Novum’, this month, with the other two towers by mid-2016. The project has total gross development value (GDV) of RM550 million. Its next project — ‘The Weave’ in Cheras — with GDV of RM300 million, is expected to be launched in early-2016.

For 1HFYFeb2016, revenue fell 37.3% y-y to RM58.5 million, while net profit dropped 57% to RM1.8 million, due mainly to lower revenue from the property construction segment

http://www.theedgemarkets.com/my/article/stock-momentum-eupe

Posted by YS Babe > 2015-11-02 11:00 | Report Abuse

mark, trive tu counter ape?

Posted by Mark T Bird > 2015-11-02 11:01 | Report Abuse

ETI TECH

Posted by rikki > 2015-11-02 11:21 | Report Abuse

Sona Petroleum buying 100% of Stag Oilfield for RM215m

KUALA LUMPUR: Sona Petroleum Bhd is buying the 100% stake in the Stag Oilfield, offshore Western Australia, for US$50mil (RM215.2mil), which will be its qualifying acquisition.

It said on Monday it was buying the production licence WA-15-L and pipeline licence WA-6-PL (Stag Oilfield) and the associated assets from Quadrant Northwest Pty Ltd and Santos Offshore Pty Ltd.

Sona said the Stag Oilfield is a producing oilfield in the Dampier sub-basin of the Carnarvon Basin, offshore Western Australia and in a water depth of 50 metres and 60km offshore.

Santos owns 66.67% of Stag Oilfield while the operator Quadrant owns the remaining stake.

Sona said the purchase consideration would be satisfied in cash and funded via Sona Petroleum’s internal funds raised from its initial public offering held under a trust account (net of taxes payable) amounting to RM525.6mil as at Oct 30, 2015.

Posted by YS Babe > 2015-11-02 14:26 | Report Abuse

o tukor name kepade Trive Property Group Bhd

Posted by Mark T Bird > 2015-11-02 14:36 | Report Abuse

ahaks

0165 (XOX °)
Share consolidate 2 : 1
02-11-2015 13:39:37

Entitlement Details:
Entitlement date to determine the shareholders of XOX Bhd ("XOX" or the "Company") who will be subjected to the consolidation of two (2) ordinary shares in XOX of RM0.05 each into one (1) new ordinary share in XOX of RM0.10 each ("Share Consolidation")

Entitlement Type: Others
Entitlement Date: 20151117050000 12:00AM
Year Ending/Period Ending/Ended Date: 30-06-2016
EX Date: 13-11-2015
Payment Date: 00-00-0000

A depositor shall quantify for the entitlement in respect of:
-Securities transferred into the Depositor's Security Account Before: 20151117050000 12:00AM
in respect of ordinary transfers
-Securities bought on BMSM on a cum entitlement basic according to the Rules of the BMSB

Registrar's Name and Contact :


Remarks:
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

Submitted By:

Ref Code: N201511023200045

Posted by YS Babe > 2015-11-02 14:48 | Report Abuse

terima kasih, nasib baik aku belum masuk

Posted by Tessa Joseph > 2015-11-02 16:04 | Report Abuse

OIC reducing the number of shares...hmmm if you buy below 10 sen I think oklah, if too high dangerous also, because 2 shares = 1 share now.

Posted by YS Babe > 2015-11-02 16:10 | Report Abuse

tu ler sama macam symphony gak 10 bijik symphony jadi 1 bijik ranhill hehehe

Posted by YS Babe > 2015-11-02 16:11 | Report Abuse

awak rasa ranhill boleh naik berapa?

Posted by Tessa Joseph > 2015-11-02 16:13 | Report Abuse

no idea, but dulu I ada ranhill, if not mistaken masa tu around 0.70 sen.:)

Posted by Tessa Joseph > 2015-11-02 16:15 | Report Abuse

YS, careful with trive, directors kena fined!

Posted by YS Babe > 2015-11-02 16:18 | Report Abuse

tak beli tapi nengok macam jalan tak jalan tu pasal aku tanya sape pulak trive ini, nak jadi macam xox ke, rupenyer hujan tengahari hehehe

Posted by rikki > 2015-11-03 07:55 | Report Abuse

Semiconductor test equipment makers see strong start

GEORGE TOWN: Semiconductor test equipment manufacturers are projecting a strong start next year, despite worries that some major chipmakers are cutting back on capital spending.

Companies such as Pentamaster Corp Bhd, MMS Venture Bhd, and Elsoft Research Bhd are already seeing “higher-than-usual” orders from clients.

Pentamaster executive chaimran CB Chuah told StarBiz that the group had so far received orders for about RM15mil worth of semiconductor test equipment to be delivered in the first quarter of 2016 to be used in the smart device segment. “We can expect the first quarter for 2016 to improve by double digit percentage improvement over last year’s same period.

“All the orders for the first quarter 2016 should come in by the end of November, when we close the order book for the first quarter.

“The first quarter is usually a weaker period,” Chuah added.

For the final quarter of 2015, the group is shipping out over RM20mil worth of test equipment.

The 2015 fiscal year should see the group’s revenue improve by about 10% over last year’s result, according to Chuah.

Elsoft chief executive officer CE Tan said for the first and second quarters 2016, the group had orders in hand currently for about RM10mil worth of test equipment to be delivered to customers in the automotive and smart device industries.

“The first quarter of 2016 should be as strong as last year same period, when we registered RM10mil in sales.Orders for the first quarter 2016 are still coming in, as the first quarter order book closes Dec 31,” he said.

Tan said the second quarter of 2015 was slow for the group.

“Orders for the second half 2015 picked up and we ended up with over RM30mil worth of test equipment for delivery to customers in the smart devices, automotive, and general lighting industries.

“Since the performance of 2014 was the best in the group’s history, we can expect to improve only slightly over the 2014 results this year,” he added.

MMS managing director TK Sia said about RM9mil worth of orders for test equipment had been received for the first quarter of 2016.

“We are still getting orders in until Dec 31, when we close our order book for the first quarter of 2016.

“The orders were largely from the automotive industry, which is expected to generate about 45% of the group’s revenue for 2016, up from 30% projected for 2015.

“The orders for smart device test equipment should come in the second half of 2016,” he said.

Posted by rikki > 2015-11-03 07:57 | Report Abuse

Prestariang unit bags RM20mil project from Higher Education Ministry

KUALA LUMPUR: Prestariang Bhd’s unit, Prestariang Systems Sdn Bhd, has secured a project worth RM20mil from the Higher Education Ministry (MOHE).

The project was for the supply of autodesk software services aligned with the industry based certification programme to public universities, polytechnics and community colleges under MOHE, over two years from Nov 2, 2015 until Nov 2, 2017, the company said in a filing with Bursa Malaysia.

“The services from Prestariang Systems to MOHE is a continuous initiative since 2006, in line with the ministry’s Higher Education Blueprint’s objectives and focuses.

“It is expected to contribute positively to the group,” it said. - Bernama

Posted by rikki > 2015-11-03 08:02 | Report Abuse

Luxchem: Earnings rose on forex gain

Results Update

For QE30/9/2015, Luxchem's net profit increased by 33% q-o-q or 118% y-o-y to RM13.0 million while revenue rose 5% q-o-q or 6% y-o-y to RM169 million. Improved bottom-line was due to higher profit before tax from the trading and manufacturing segment and higher realized forex gain due to the strengthening of USD.

Valuation

Luxchem (closed at RM1.58 last Friday) is now trading at a PER of 13.4 times (based on last 4 quarters' EPS of 11.76 sen). At this PER, Luxchem is deemed fairly attractive.

Technical Outlook

Luxchem is in an upward channel, with support at RM1.20 & resistance at RM1.70. It tested the upper line at RM1.65 last few weeks and poised to drift back down.

Conclusion

Luxchem could be a good stock for a long-term investment in view of its good financial performance. However, the good result could be rolled back if MYR strengthens in the near future. This plus the high valuation and overhead resistance should prompt some investors to take profit on this stock. I think that would be a good idea.

http://nexttrade.blogspot.my/

Posted by rikki > 2015-11-03 08:07 | Report Abuse

Weida @ RM1.79

WEIDA (7111) made a higher highs since 6/10 and it formed the 3rd higher high on 30/10 with huge spike up in traded volume, but unfortunately it was not able to break the resistance @ MYR1.78 and closed below that level @ MYR1.77 during the session ended.

If WEIDA is trading above MYR1.78 in the next trading days, foresee it should move further high to close up the gap down formed on 29/8/2015 @ MYR1.92.

http://fatta888.blogspot.my/

Posted by YS Babe > 2015-11-03 10:06 | Report Abuse

tessa, awak ada beli icon? aku tengok ada annoucement orang petronas nak masuk ganti doktor gigi

Posted by Tessa Joseph > 2015-11-03 10:11 | Report Abuse

Hi all

YS, effective March next year, right. Anything can happen.

Posted by YS Babe > 2015-11-03 16:56 | Report Abuse

sape yang jual hibiscus berlambak lambak tu, awak ke tessa? hehehe

Posted by Tessa Joseph > 2015-11-03 17:05 | Report Abuse

Nope, tak jual pun. As a matter of fact, the minute jatuh 0.295, I quickly tanya investment banker, that was about jam 11 pagi. My friend pun tak tau, he pun tanya tanya to find out why, but he suspected margin call, someone guna shares as collateral, kena jual to service loan. Then it goes up, then Bursa keluar UMA, then Hibiscus jawab UMA and halt the trading up to 4.09, then keluar balik ok, lepas tu stuck at 0.34. My friend kata that shouldn't be the case.

Posted by Mark T Bird > 2015-11-03 18:25 | Report Abuse

Panic selling or is there something more sinister going on?

Posted by YS Babe > 2015-11-03 18:30 | Report Abuse

jgn cemas, esok oklah tu
hehehehe

aku nak masak
KUTPAI

Posted by rikki > 2015-11-04 08:25 | Report Abuse

Yongtai, VS & YSP Technical Analysis

http://fatta888.blogspot.my/

Posted by rikki > 2015-11-04 08:30 | Report Abuse

Renewed buying interest emerges in MMSV, says AllianceDBS Research

KUALA LUMPUR (Nov 4): AllianceDBS Research said renewed buying interest had emerged in MMS Ventures Bhd (MMSV) ( Valuation: 2.10, Fundamental: 3.00) and that MMSV had on Nov 3 traded higher to 72.5 sen before settling near the day ’s high at 72 sen (up 3.5 sen or 5.10%).

In its evening edition yesterday, the research house said a crossover of the 73 sen hurdle would likely see MMSV trading upward with the next upside target pegged between 81 sen and 83 sen.

It said that risk taking traders could establish a buying position at 71.5 sen on a small pullback.

The research house said once a buying position is established, a stop loss at 70 sen level must be placed for risk capital protection, and this 70 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM15 (excluding brokerage) for RM95 – RM115 potential profit, you may acquire 1,000 shares with a capital amount of RM715 assuming buying order is filled at 71.5 sen,” it said.

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

Insider Asia’s Stock Of The Day: Kawan Food

Kawan Food Bhd ( Valuation: 1.10, Fundamental: 3.00)

insiderasia-logo_theedgemarkets

Frozen food manufacturer Kawan (Fundamental: 3/3, Valuation: 1.1/3) is a beneficiary of the weaker ringgit and lower commodity prices, which should boost its margins.

The recent weakness in the ringgit is a boon for Malaysian exporters — enhancing their earnings and export competitiveness. Kawan in particular, exports well over half its products. In addition, food manufacturers like Kawan will also benefit from lower costs, as agriculture prices have fallen sharply following China’s slowdown fears.

To recap, Kawan is a leading manufacturer and exporter of frozen food in Malaysia. The company’s products, including paratha, chapatti, naan, spring roll pastry and baked breads, are sold under the brands of Kawan, KG Pastry, Veat and Passion Bake.

Exports, mainly to the US and denominated in USD, accounted for a significant 58.1% of total sales in 2014, up from 54.7% in 2013. This ratio increased further to 61.6% in 1H2015.

Kawan should also benefit from lower global commodity prices. For instance, prices of wheat — a key raw material — have fallen by 25% over the past 12-months.

For 1H2015, net profit increased by an outsized 33.9% y-y to RM12.8 million, driven by stronger consumer demand and foreign exchange gains. Sales, meanwhile, rose 8.7% to RM81.6 million, due mainly to higher export sales.

Future growth will be underpinned by its capacity expansion exercise — to be completed by end-2015 — which will see overall production capacity increase by a significant 250% to 35 million kg per year.

With strong annual operating cash flows of RM27.3 million and net cash of RM32.8 million, equivalent to 16.1 sen per share; funding of the RM98.7 million capex programme should not be an issue. The company also plans to borrow RM40 million to part finance its capex.

The stock currently trades at a trailing 12-month P/E of 22.7 times and 2.9 times book. We expect earnings to grow by a three-year CAGR of 20%, which suggests its FY2017 P/E will compress to an attractive 15.1 times.

http://www.theedgemarkets.com/my/article/insider-asia%E2%80%99s-stock-day-kawan-food-0

Posted by rikki > 2015-11-04 21:17 | Report Abuse

Kwasa Land appoints Ahmad Zaki as RM257 mil project's development partner
KUALA LUMPUR (Nov 4): Ahmad Zaki Resources Bhd (AZRB) has been appointed as the development partner of Kwasa Land Sdn Bhd, to undertake a proposed residential development with an estimated gross development value (GDV) of RM257 million.

In a filing with Bursa Malaysia today, the construction outfit said its wholly-owned subsidiary Ahmad Zaki Sdn Bhd has received a letter of award (LoA) from Kwasa Land, in relation to the appointment.

According to the filing, the proposed development will sit on a 3.91-acre land in the Kwasa Damansara Township, which entails the building of 188 high-rise residential units.

The project is expected to have an estimated GDV of RM257 million.

"The LoA shall be subject to the execution of a Development Rights Agreement with Kwasa Land within 60 days of the LoA," it added.

AZRB expects the award to contribute positively to its future earnings and net assets.

Shares in AZRB closed unchanged at 64 sen, for a market capitalisation of RM306.11 million. -- theedgemarkets.com

Posted by rikki > 2015-11-05 07:59 | Report Abuse

Support Line 5/11/2015

REDTONE International hit a four-month high of 73 sen during intra-day session amid follow-through bargain hunting following the recent breakout. Apparently, the moving average convergence/divergence histogram continues to expand upward against the signal line, suggesting more scaling in the pipeline. A breach of the 75-sen barrier is likely to clear the way for the bulls to challenge the upper heavy resistance of 90-sen mark in the near term. Initial support is resting at the 70-sen line and an additional floor is pegged at the 100-day simple moving average of 67 sen.

THREE-A Resources shares reversed from an early three-month high of RM1.17 to finish a shade lower owing to an apparent profit-taking activity. In spite of the easier close, indicators still are positive. Based on the daily chart, prices are expected to face stiff challenges at the RM1.26 level, of which a clear penetration would give investors the confirmation that this stock is indeed on a new leg of uptrend, enroute to test the upper strong resistance of RM1.40. Initial support is seen at RM1.10 floor, followed closely by the RM1-RM1.03 band.

YONG Tai firmed towards the short-term descending line of 72 sen amid extended bargain hunting interest. Technically, all the short-term indicators, such as the stochastic, the 14-day relative strength index and the moving average convergence/divergence histogram are painting a pretty encouraging pictogram, implying a positive breakout may be on the cards. If successful, the medium-term target to look for would be the RM1.15 level, a heavy resistance level. Current support is seen at the 21-day simple moving average of 61.5 sen and strong floor is lying at the 58-sen mark.

http://www.thestar.com.my/Business/Business-News/2015/11/05/Support-Line/?style=biz

Posted by rikki > 2015-11-05 15:18 | Report Abuse

Bonia up 2.65% on favourable research report

KUALA LUMPUR (Nov 5): Shares of Bonia Corporation Bhd (Bonia) rose 2.65% at mid-morning today, after AllianceDBS Research said Bonia was in position to trade higher and that Bonia had on Nov 4, crossed over the 76 sen hurdle to an intraday high of 76.5 sen, before settling near the day’s low at 75.5 sen (up 1 sen or 1.34%).

At 10.54am, Bonia rose 2 sen to 77.5 sen, with 750,500 shares done.

In its evening edition yesterday (Nov 4), the research house said a crossover of the 76 sen hurdle again, would likely see Bonia trading upward with the next upside target pegged between 81 sen and 90 sen.

The research house said that risk taking traders could establish a buying position at 75 sen, on a small pullback.

It said once a buying position is established, a stop loss at 74 sen level must be placed for risk capital protection, and this 74 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM10 (excluding brokerage) for RM60 — RM150 potential profit, you may acquire 1,000 shares with a capital amount of RM750, assuming buying order is filled at 75 sen,” it said

Posted by rikki > 2015-11-05 21:31 | Report Abuse

China enters bull market; time to dip your toe?

With the Shanghai Composite back into a technical bull market Thursday, traders and analysts have been contemplating whether the time is right to gain exposure to Chinese stocks after a rollercoaster year.

China's key Shanghai Composite trimmed gains on Thursday afternoon to close up 1.9 percent. From its low on August 26 it has now rallied 20.34 percent, entering a technical bull market. The Shanghai bourse also hit an intra-day high of 3,585 points Thursday, its highest level since August 21.

"The bulls are back in the China shop," Brenda Kelly, the head analyst at London Capital Group, told CNBC via email on Thursday.

http://www.cnbc.com/2015/11/05/china-enters-bull-market-time-to-dip-your-toe.html

Posted by YS Babe > 2015-11-06 09:43 | Report Abuse

tessa, aku copy paste kat sini hehehe

Asia Bieonergy rises 17% on fund buying

KUALA LUMPUR (Nov 5): Asia Bioenergy ( Valuation: 0.90, Fundamental: 0.60) Techology Bhd rose as much as one sen to seven sen on emerging institutional interest, after the company proposed to reduce its shares’ par value.

Remisiers said institutional investors were buying business incubator Asia Bioenergy shares as retailer investors sold the stock. At 12:30pm, Asia Bioenergy settled at 6.5 sen for a market capitalisation of RM56.3 million.

The stock saw some 18 million shares done. “Retailers were selling and some bigger funds are coming in,” SJ Securities Sdn Bhd remisier Goh Kay Chong told theedgemarkets.com.

Last month, Asia Bioenergy proposed to reduce the par value of its shares to five sen each, from 10 sen.

The firm said its shares had been transacted below the current 10 sen par value. As such, the group was unable to raise funds via new shares at market prices below the par value.

Asia Bioenergy said the lower par value of five sen would provide the company with greater flexibility to raise funds and implement corporate proposals. – Edge FD

Posted by Mark T Bird > 2015-11-06 12:26 | Report Abuse

YS, you in?

Posted by rikki > 2015-11-06 20:47 | Report Abuse

THIS is your best trading strategy: Dennis Gartman

Closely-followed investor Dennis Gartman has given CNBC his best trading strategies, with the chances of a December rate hike by the U.S. Federal Reserve looking more and more like a flip of the coin.

Gartman, editor and publisher of The Gartman Letter, has repeatedly turned cautious on stocks this year, with several sharp drops for U.S. benchmarks. Nonetheless, he reiterated his belief that we are "still in a bull market" for equities until the "trend lines are broken."

"Those who continue to try to sell it short find themselves scrambling almost all the time," he said Friday.

http://www.cnbc.com/2015/11/06/this-is-your-best-trading-strategy-dennis-gartman.html

Posted by rikki > 2015-11-07 09:26 | Report Abuse

Pestech consistent performance quarter after quarter

THE future looks bright for power turnkey contractor Pestech International Bhd, which has proven to be a consistent performer, quarter after quarter.

In its report for the final quarter ended June 30, 2015, the group said it was fortunate to have booked in a “comfortable amount” of orders to sustain and maintain its growth in the future, despite the economic uncertainty in the region.

Its shares closed up 19 sen at RM6.80 yesterday with 1.57 million shares traded between RM6.71 and RM6.81.

Its order book stood at RM723mil at the end of the quarter, and is expected to take two years to execute.

In April, Pestech’s 60%-owned subsidiary Diamond Power Ltd signed an agreement with Cambodia’s Mines and Energy Ministry and state-owned Electricite Du Cambodge for the ownership of the 230kV Kampong Cham- Kratie Transmission System project.

In July, the homegrown integrated electric power technology group announced it was teaming up with the Shandong Electrical Engineering & Equipment Group (SDEE) to develop the power infrastructure market in Cambodia.

The company said, in a filing with Bursa Malaysia, that it had signed a memorandum of understanding with the group to assist Electricite du Cambodge in upgrading its national grid operations and maintenance.

They were also tasked with improving the national grid’s efficiency and reducing the transmission lost.

Pestech said it expected the project development to cost US$92.21mil (RM352.9mil).

Kenanga Investment Bank analyst Teh Kian Yeong said Pestech was a stock to watch because its contract flow was strong and the company had consistently proven itself with its strong performance every quarter.

They have an outperform call on Pestech.

“Their tender book value is over RM1bil and they are looking to secure about RM700mil in new contracts.

“This could almost double their current order book,” he says.

Teh adds that the bulk of the group’s earnings were from their projects in the Sarawak Corridor of Renewable Energy (SCORE) and in Cambodia.

The new Build-Operate-Transfer (BOT) concession business that they secured in Cambodia, he says, would be a recurring source of income for the next 25 years,

“Once the construction is complete by 2018, they will continue to see a recurring income from managing the asset itself.

“This will give them a sustainable income for the years ahead,” he said.

Teh says the group was also looking to enter the Philippines market next, and has a good chance of success of breaking into the market.

Pestech recently changed its financial year, from 31 December to 30 June, covering 18 months from January 1, 2014 to June 30, 2015, after which it will end June 30 each year.

According to RHB Research Institute Sdn Bhd (RHB Research) analyst Ng Sem Guan, they were positive on Pestech mostly due to its business model.

They have a buy call on the group.

The group, he says, is in the right business, at the right place, and at the right time.

“They are operating in the South-East Asian region, which is still developing, at a time when there is increasing demand for power.

“If you look at their business model, they have been building their expertise locally, building transmission lines and substations.

“They then took this know-how and moved into less developed countries in the region, and they are now a big player in Cambodia,” he says.

Ng says the company was also expanding its business horizons and was stepping into rail-related infrastructure, and rail electrification.

“In railway projects, there is a lot of potential even locally, with the LRT and MRT projects, for example,” he adds.

With a strong track record in Malaysia, and having strong foothold in the Cambodian market, he said, it would be easier to enter other markets in the region as well.

He says Pestech has good prospects and that they were bullish on the group, going forward.

Although the last financial year had 18 months, due to the change in the group’s financial year, and FY16 will have only 12 months, Ng said their earnings assumptions were even higher for the next year.

This, he says, was on the back of the group’s outstanding order book that in excess of RM700mil at the moment.

In September, Pestech won its first ever 500kW substation project from Tenaga Nasional Bhd with the contract value of RM134.4mil for the Yong Peng East substation

Posted by rikki > 2015-11-07 09:29 | Report Abuse

Eye on stock: Felda Global Ventures

FELDA Global Ventures Holdings Bhd (FGV) shares touched an all-time low of RM1.18 on Aug 26 amid extended selling pressure.

Thereafter, prices turned sideways briefly on consolidation before the bulls embarked on a recovery journey in the wake of fresh bargain hunting interest, which witnessed this stock hitting a high of RM2.04 during intra-day session, the best since May.

Based on the daily chart, FGV has been trending up nicely the past couple of months, with the rising 21-day simple moving average (SMA) line supporting the trend.

However, more significantly, prices had penetrated the uppermost 200-day SMA on Thursday, also the first time in 17 months and more importantly, the breakthrough was accompanied by a bigger trading turnover

Theoretically, they suggest a bullish reversal. Going forward, prices are expected to sustain the upward thrust amid follow-through interest and should there be a pullback due to an overbought condition, it is viewed as a temporary process to avoid overheating, meaning investors can consider accumulating more on weakness, if there is any.

Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were fast reaching the top, but they show no sign of weakness just yet. A short-term buy signal was triggered late last month.

Mirroring the upward momentum, the 14-day relative strength index firmed from a reading of 52 on Oct 28 to settle at the 85-point level yesterday. In addition, the daily moving average convergence/divergence histogram expanded steadily in tandem with the daily trigger line to keep the bullish note. It has flashed a buy on Tuesday.

Technically, chart development appears pretty promising. Combined with the positive landscape on the indicators, FGV shares are poised to advance in the short term. Initial resistance is envisaged at the RM2.20-RM2.25 area. A breach of the RM2.50-RM2.55 band hurdle may clear the path for the bulls to challenge the heavy upper barrier of RM2.97-RM3 range. The recent breakout point of RM1.88 will now act as the immediate support and concrete floor is pegged at the 21-day SMA of RM1.76.

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

http://www.thestar.com.my/Business/Business-News/2015/11/07/Eye-on-stock-Felda-Global-Ventures/?style=biz