Posted by rikki > 2015-12-05 09:51 | Report Abuse

Stone Master all set for vendor financing

Marble and granite trader has RM3.1bil worth of deals with property developers under the scheme

STONE Master Corp Bhd, a manufacturer and trader of marble and granite products, is creating ripples in the property development market.

Over the last four weeks, it has entered into framework agreements (FA) with major property developers in Malaysia to provide them with “interest-free vendor financing services”.

What is interesting is that within this short period of time, the total amount of vendor financing that it has agreed to provide now stands at a whopping RM3.1bil and counting. Stone Master is still in the process of entering into many more such agreements, sources say.

Stone Master is offering building-finishing material products and services to Malaysian property developers on vendor financing schemes that require a repayment only after the developer has completed the projects. Stone Master has tied up with a number of China companies to provide its building-finishing material products and services under this scheme.

And coupled with the trade financing offering, it is clear that Stone Master is acting as an agent to the Chinese parties coming into the Malaysian market and collecting fees from providing this service.

http://www.thestar.com.my/business/business-news/2015/12/05/stone-master-creating-ripples-in-property-stone-master-all-set-for-vendor-financing/?style=biz

Posted by rikki > 2015-12-05 10:15 | Report Abuse

Malaysia's October exports surge to RM75.8b, highest since January last year

KUALA LUMPUR: Malaysia's exports surged to RM75.8bil in October, 2015 - the highest since January last year - underpinned by the robust demand from major markets including Asean, China, the EU and the US, the Ministry of International Trade and Industry (MITI) said on Friday.

It said exports jumped 16.7% from RM64.59bil a year ago and exceeding economists expectations of a 8.4% increase. The rise in exports were mainly to China (+RM1.9bil), EU (+RM1.7bil), US (+RM1.7bil), Singapore (+RM1.1bil), and Australia (+RM789.2mil).

On a month-on-month basis, exports increased RM5.6 billion (+8.1%) from RM70.2 billion. In seasonally adjusted terms, exports rose 4.9%.

For the January to October, exports expanded by 1.5% to RM644.02bil from RM634.46bil in the previous corresponding period. The trade surplus rose 21.5% to RM76.07bil.

MITI said total trade rose 8.2% to RM139.46bil while trade surplus rose from RM1.08bil in October 2014 to RM12.16bil, making it the 216th consecutive months of trade surplus since November 1997.

Imports were slightly lower at RM63.65bil, down 0.4% from RM64.98bil a year ago.

On a on-year basis, higher imports were recorded with China (+RM1.7bil),  US (+RM1.2bil), Taiwan (+RM906.4mil), Thailand (+RM728.1mil) and EU (+RM695.8mil).

The main commodities which contributed to the rise in exports in October from a year ago were electrical and electronics (E&E) products, which contributed 34.6% to total exports, increased 22.7% or RM4.9bil to RM26.2bil.

Timber and timber-based products, which accounted for 2.8% of total exports, expanded RM468.3mil or 28.5% to RM2.1bil.

Palm oil and palm-based products, which contributed 8.1% to total exports, recorded a growth of RM330.4mil (+5.7%) to RM6.2bil. Exports of palm oil, the major commodity in this group of products increased 3.9% or RM146.1mil due to the increase in export volume (+7.7%) although average unit value fell 3.6%.

Natural rubber (0.4% of total exports), recorded an increase of RM34.1mil (+11.6%) to RM329.3mil due to the growth in both average unit value (+10.1%) and export volume (+1.3%).

http://www.thestar.com.my/business/business-news/2015/12/04/malaysia-exports-surge/?style=biz

Posted by YS Babe > 2015-12-05 14:27 | Report Abuse

tessa, awak rasa apft boleh pergi 0.34? aku nampak kat website awak.

Posted by Tessa Joseph > 2015-12-05 15:14 | Report Abuse

Kenanga :)

Posted by YS Babe > 2015-12-05 15:21 | Report Abuse

ok aku guna sebagai guideline

Posted by Tessa Joseph > 2015-12-05 15:27 | Report Abuse

IMAO this counter ada buying interest, up to...? I haven't the slightest idea. Like dulu DBHD RHB kata up to this, sekali up and up. At times kata up but no up but down. Very very susah to predict...hmmm

Posted by rikki > 2015-12-08 08:11 | Report Abuse

Support Line

GENETEC Technology shares scaled to a high of 31.5 sen during intra-day session, the best since July 2010, amid persistent bargain hunting buying. Apparently, the stochastic and the 14-day relative strength index were fast approaching the overbought area, implying the bulls may pause for air soon, with prices approaching the pretty stiff resistance of 33.5 sen and the heavy barrier of 36.5 sen, which is a historical peak set on mid-March 2010. If the bulls stop for a breather, investors can consider accumulating more, as other indicators still are positive. Initial support is seen at 29 sen, followed closely by the 14-day simple moving average of 26.5 sen.

KOBAY Technology pulled back from a steep rally peak of RM2.74 on Nov 18, the highest level since January 2002 to a low of RM2.02 late last month before bouncing off in the wake of fresh buying momentum. The trend ahead is simple. A breach of an initial resistance of RM2.45 would lead to a re-test of the recent high of RM2.74, of which a decisive breakout will signal an uptrend continuation, enroute to the RM2.95-RM3 band. On the opposite, a crack of the RM2 floor is likely to see the lower 50-day simple moving average of RM1.69 becoming vulnerable.

OPENSYS has been trapped inside a symmetrical triangle since peaking out temporarily at a 10-year high of 36.5 sen on Aug 5, last year. A positive breakout of the 33 sen would signal an uptrend continuation, enroute to the 42-sen level or the 47-sen hurdle and probably a re-test of the all-time high of 67.5 sen later. In stark contrast, a negative breakdown from the 26-sen line is likely to witness prices falling on renewed selling pressure.

- The Star Biz

Posted by rikki > 2015-12-08 12:58 | Report Abuse

Technical Stocks To Watch on 8/12/2015 – TGUAN (7034), SUCCESS (7207), EKIB (7189), FUTUTEC (7161) & TOMYPAK (7285)

http://fatta888.blogspot.my/

Posted by rikki > 2015-12-08 19:11 | Report Abuse

Consumers to pay more for electricity starting January

PUTRAJAYA (Dec 8): Consumers in Peninsular Malaysia will pay 0.73 sen per kilowatt hour (kWh) more for electricity for the next six months, beginning Jan 1, as the government reduces the rebate on power tariff to 1.52 sen per kWh, from 2.25 sen per kWh currently.

Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili said the rebate for electricity users in Sabah and Labuan will remain the same at 1.20 sen per kWh.

"The savings in fuel and other generation costs amounted to RM762.03 million for July to December 2015," Ongkili told a press conference today.

"The savings were from the decrease of liquefied natural gas prices and the increased efficiencies of power plants," he added.

http://www.theedgemarkets.com/my/article/consumers-pay-more-electricity-starting-january

Posted by rikki > 2015-12-08 19:18 | Report Abuse

Eduspec partners Singapore's CM Asia Learnings

KUALA LUMPUR (Dec 8): Education provider, Eduspec Holdings Bhd ( Valuation: 0.80, Fundamental: 2.60) will grant an exclusive distribution rights of its education products to CM Asia Learnings Pte Ltd, after signing a master distribution agreement with the Singapore’s software solutions provider.

Additionally, Eduspec will acquire a 19.35% stakes of CM Asia, upon execution of the agreement.

In a filing with Bursa Malaysia, Eduspec said it had on Dec 7, signed the agreement with CM Asia, whereby the company grants an exclusive distribution rights within the designated markets and the right to appoint resellers or distributor to distribute Science Technology Engineering Mathematics (STEM) Education Using Robotics, Stem Computer Science For Schools Program (STEM CS) and Software Development Program (SDP) to CM Asia.

A cash deposit of US$1 million or SGD1.4 million will be paid to Eduspec, within 10 days from the effective date of the agreement.

Eduspec opined the agreement is to enhance the development of the market and increase the sales of its products in the designated markets, through cooperation with CM Asia, which has processed a readily available sales network in the territory.

The agreement will contribute positively to the future earnings of the Eduspec, it said.  

Eduspec was unchanged at 31 sen today, valuing it at RM262.2 million.

http://www.theedgemarkets.com/my/article/eduspec-partners-singapores-cm-asia-learnings

Posted by YS Babe > 2015-12-08 21:42 | Report Abuse

tessa, takde technical analyzer baru ke?

Posted by Ratna NinjaGal > 2015-12-08 21:47 | Report Abuse

YS nak murah wakakakaka

Posted by YS Babe > 2015-12-08 21:49 | Report Abuse

mak ai, ade lagi awak, eduspec tu awak punya fav, aku part part eductaion aku kureng sikit hehehehe

Posted by Ratna NinjaGal > 2015-12-08 22:03 | Report Abuse

dah x minat.

Posted by YS Babe > 2015-12-08 22:10 | Report Abuse

awak beli kaunter mana sekarang, dulu aku dengar awak tak habis habis dengan kaunter yang dot dot dot

Posted by Ratna NinjaGal > 2015-12-08 22:12 | Report Abuse

Hantar melalu e-mel :)

Posted by Tessa Joseph > 2015-12-08 22:18 | Report Abuse

Hi YS, Ninja, I have one today counter Ter Po Ye..eeee

Posted by YS Babe > 2015-12-08 22:19 | Report Abuse

hehehe

Posted by Mark T Bird > 2015-12-08 22:33 | Report Abuse

okok

Posted by rikki > 2015-12-09 08:59 | Report Abuse

SUPERLN (7235), MAGNI (7087) & KAWAN (7216)

http://fatta888.blogspot.my/2015/12/superln-7235-magni-7087-kawan-7216.html

Posted by rikki > 2015-12-09 14:33 | Report Abuse

Franklin Templeton: Malaysia may be among those not at risk when Fed rate hike comes

LONDON: An expected rise in U.S. interest rates will magnify differences between emerging economies in 2016, with South Korea, Mexico and Malaysia likely to prove resilient, said Franklin Templeton's star bond investor Michael Hasenstab.

Hasenstab, CIO, Templeton Global Macro, said countries such as Mexico were in a better position to raise interest rates alongside or shortly after the U.S. Federal Reserve, thanks to their relatively strong economic fundamentals.

"In our view, apprehensions about risks in places like Mexico, South Korea and Malaysia are likely to abate as these countries prove their resilience to Fed rate hikes," Hasenstab said in an emailed statement.

"However, countries with relatively weaker fundamentals, such as Turkey and South Africa, are likely to be negatively impacted by U.S. interest-rate hikes."

http://www.thestar.com.my/business/business-news/2015/12/09/franklin-templeton-hasenstab-fed-hike-to-widen-em-divergence/?style=biz

Posted by Mark T Bird > 2015-12-09 19:35 | Report Abuse

tessa likes crowd funding :-)

Posted by Tessa Joseph > 2015-12-09 19:41 | Report Abuse

aiyu you arr LOL actually a friend of mine looking for fund, so she tot of worldwide platform for funding purposes, she dunno SC also got LOL

Posted by Mark T Bird > 2015-12-09 22:17 | Report Abuse

okok

Posted by rikki > 2015-12-10 08:13 | Report Abuse

Renewed buying interest emerges in Kimlun, says AllianceDBS Research

KUALA LUMPUR (Dec 10): AllianceDBS Research said renewed buying interest had emerged in Kimlun Corporation Bhd (Kimlun) ( Valuation: 3.00, Fundamental: 1.70) and that Kimlun had on Dec 9 traded higher to RM1.45 before closing near the day’s high at RM1.44 (up 6 sen or 4.34%).

In ite evening edition yesterday, the reseach house said Kimlun continued to trade above the 20-day and 50-day moving average lines in the last 9 days.

“Following the up close on Dec 9, the stock is expected to move higher again with immediate hurdle at RM1.45 in the coming few days.

“A crossover of RM1.45 should see further price rise to the next overhead resistance zone, RM1.52 – RM1.55.

“The support is pegged at RM1.37. A fall below RM1.37 would put pressure on the stock down to the subsequent support zone, RM1.30 – RM1.33,” it said.

AllianceDBS Research said stock volume traded on Dec 9 was 1.26 million shares compared to the 3-month average volume of 220,000 shares.

The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.

It said the relative strength index indicated that the stock was currently in the neutral zone

Posted by rikki > 2015-12-10 08:17 | Report Abuse

Stock To Watch 10/12/2015 - Technical Analysis

1) FFHB @ 0.71
2) Eduspec @ 0.33
3) GHL @ 0.945
4) Tguan @ 2.78
5) Kawan @ 2.98

Posted by rikki > 2015-12-10 11:11 | Report Abuse

World-first dengue fever vaccine cleared for use in Mexico

PARIS: The first-ever vaccine against dengue fever, which affects up to 400 million people per year, has been cleared for use in Mexico, French manufacturer Sanofi said on Wednesday.

“It’s a very important moment in the history of public health,” Olivier Charmeil, head of the company’s vaccines division, told AFP, describing Dengvaxia as the “innovation of the decade”.

This vaccine could potentially become “a blockbuster” and generate more than a billion dollars in revenue for the French pharmaceutical company, Charmeil added.

It took 20 years and more than 1.5 billion euros ($1.6 billion) in research and development to create Dengvaxia.

Until now, scientists have been stumped by dengue which is caused by four separate viruses acting in concert.

The World Health Organization says dengue has become the fastest-growing mosquito-borne disease, with as many as 400 million people infected every year.

It can trigger a crippling fever, along with muscle and joint pain, and there is no known cure.

The deadliest form of the disease kills 22,000 people per year, the WHO says.

Over the past half-century, dengue has become endemic in more than 100 tropical and sub-tropical countries, thanks largely to rapid urbanisation.

Sanofi Pasteur has requested authorisation to push the vaccine in 20 countries.

“We are waiting for more registrations in Asia and Latin America in the coming weeks,” said Charmeil.

Several million doses of the vaccine are ready to ship, and Sanofi expects annual production to reach 100 million doses by 2017.

A stockpile for the European Union will be shipped in early 2016 and in the United States a year later.

Clinical tests — carried out on 40,000 people from 15 countries — have found Dengvaxia can immunise two-thirds of people aged nine years and older, rising to 93 percent for dengue hemorrhagic fever, reducing the risk of hospitalisation by 80 percent.

– AFP

Posted by rikki > 2015-12-11 09:41 | Report Abuse

Eco World Berhad - Better Than Expected

Period 4Q15/12M15

Actual vs. Expectations

12M15 earnings of RM44m made up 112% of consensus and 118% of our full year estimates. This was mainly due to stronger than expected billing in 4Q15 (refer overleaf) as most projects are in full swing construction mode.

12MFY15E sales of RM3.0b was spot-on, meeting both ours and managements FY15E target at 100%. Major drivers are from Klang Valley projects (52% of sales) such as Eco Majestic and Eco Sanctuary, while Johor (40% of sales) has been picking up steam with all projects, mainly, Eco Spring & Summer and Eco Tropics.

Dividends

None as expected.

Key Results Highlights

QoQ, earnings was up by a solid 110% to RM19.7m on a strong topline which was up by 50% to RM681.9m on strong sales recognitions and EBIT margin improvements by 2.0ppt to 5.7%.

YoY-Ytd comparisons are not reflective due to changes in FYE from September to October last year, rendering 12- month comparisons redundant.

Outlook

ECOWLD is still targeting an IPO listing of EWI via the market capitalisation route by 1QCY16. To recap, the IPO aims to raise RM2.0b while ECOWLD has formally announced expressed interest to take-up a 30% stake in EWI (refer overleaf). We also hope to see more concrete details on the acquisition of the Kuala Selangor land which will entail forming partnerships for funding.

The company remains confident of achieving its sales of RM4.0b in FY16E and has also introduced its FY17E sales target of RM4.5b (refer overleaf).

Change to Forecasts

Raising FY16E earnings by 11% largely due to billings and margin assumptions for local projects. We are also raising our FY16E sales from RM3.2b to RM4.0b as we build in a bigger pipeline of launches from EWI. However, note that EWI projects are recognized on completion i.e. no significant earnings impact over FY16-17E. Unbilled sales of RM4.16b provide 2 years visibility.

Rating

Maintain OUTPERFORM

Valuation

No changes to TP of RM1.90 based on 45% discount to FD RNAV of RM3.17. Our applied RNAV discount is more bullish than our sector coverage’s average of 50% due to the group’s aggressive expansion plans, reputable management team and positioning as a township developer which will benefit from resilient demand, while the group will be one of the rare few developers to show YoY growth in 2016 sales. The stock is poised to benefit from newsflow with EWI’s upcoming listing and more concrete details on the funding of avenue partnerships for landbanks like Kuala Selangor materializes.

Risks to Our Call

(i) Balance sheet risk. (ii) Weaker-than-expected property sales. (iii) Higher-than-expected sales and administrative cost. (iv) Negative real estate policies. Tighter lending environment. Delays in EWI listing.

Source: Kenanga Research - 11 Dec 2015

Posted by rikki > 2015-12-11 12:55 | Report Abuse

Harbour-Link climbs 2.36% on multiple proposals

KUALA LUMPUR (Dec 11): Shares of integrated logistics provider Harbour-Link Group Bhd ( Valuation: 1.80, Fundamental: 1.70) climbed 2.36% on multiple proposals featuring a share split, a bonus issue and warrants it plans to execute in the second quarter of 2016 pending approvals.

At 10.40am, Harbour-Link rose seven sen to RM3.03 with 383,200 shares done for a market capitalisation of RM537.8 million.

Yesterday, Harbour-Link announced that it proposed a share split involving the subdivision of every one existing ordinary share of RM1 in the company into two new ordinary shares of 50 sen each.

It also proposed a bonus issue of up to 36.4 million new subdivided shares to be credited as fully paid-up on the basis of one bonus share for every 10 subdivided shares held by entitled shareholders on the entitlement date after the completion of the proposed share split.

In addition to that, Harbour-Link proposed a bonus issue of up to 36.4 million warrants in Harbour-Link on the basis of one warrant for every 10 subdivided shares.

http://www.theedgemarkets.com/my/article/harbour-link-climbs-236-multiple-proposals

Posted by rikki > 2015-12-11 13:22 | Report Abuse

Stock With Momentum: Thong Guan Industries

SHARE price of Thong Guan (Fundamental: 2.5/3, Valuation: 1.4/3) continued to rise after announcing its 3Q2015 earnings results last month.  The stock, one of InsiderAsia’s Top 10 picks for 2015, has risen by 51.7% year-to-date, outperforming the KLCI by 58.1%.

For 3Q2015, net profit surged 129.0% y-y to RM11.3 million, boosted by higher margin export sales which are mainly denominated in USD. Revenue, meanwhile, declined 5.0% to RM182.3 million, largely due to lower selling prices, following decline in raw materials prices.

Kedah-based Thong Guan mainly manufactures plastic packaging, including cast pallet stretch film, garbage bags and PVC food wraps. The company is a beneficiary of the stronger USD as export accounted for 78.4% of its revenue in 2014.

The stock trades at a 22.6% discount to its book value of RM3.59. The company paid dividends consistently, since 2004. For 2014, dividends totalled 7 sen per share, giving a net yield of 2.5%.

http://www.theedgemarkets.com/my/article/stock-momentum-thong-guan-industries-0


Quarter Report Ending 30th September 2015

Prospect :

The Group's 33-layer nano technology stretch film line is expected to be commissioned by the end of 2015. Marketing efforts have commenced and order enquiries are promising. The group expects the nano-layer line and its R&D centre to play an important role to lead the group forward in its effort to move up the value chain.

The food,beverage and other consumable business unit is expected to continue its steady progress with consistent effort on marketing and promotional activities.The group's venture into the noodle business will see significant contribution upon completion of its manufacturing facilities expansion at a new production site which will be operational by the first quarter of 2016. This will be a new income stream for the food division.

The relatively low crude oil price has led to lower selling prices for plastic products which leads to higher demand.The depreciation of the Malaysian Ringgit against the USD will continue to benefit the Group in terms of lower labour,electricity and other input costs as the Group's sales are mostly denominated in USD.

Barring any unforeseen circumstances, the Group is confident of the continuous progressive contributions from its business units and has chartered further growth prospects.

Posted by Mark T Bird > 2015-12-11 16:08 | Report Abuse

Hibiscus confident of better profit next year

KUALA LUMPUR: Malaysia's first special purpose acquisition company, Hibiscus Petroleum Bhd, is optimistic of better profit in the financial year ending June 30, 2016, boosted by several acquisitions.

Among its recent acquisitions were substantial interest in the Anasuria cluster in the North Sea, UK and the West SeaHorse field, Australia.

According its 2014/2015 annual report, the economic interest derived from Anasuria deal will be back dated to Jan 1, 2015 and the acquisition of the cluster is expected to be completed only in the first quarter of 2016.

For the first quarter ended Sept 30, 2015, Hibiscus posted a pre-tax profit of RM4.76mil compared with a pre-tax loss of RM9.97mil previously.

Its revenue stood at RM245,000 compared with RM2.17mil a year ago.

After considering the production cost, the company's outlook remains attractive, its Chairman, Zainul Rahim Mohd Zain told reporters after the company's Annual General Meeting here, today.

However, he cautioned that it might have to review the activities within the Anasuria cluster, if oil prices were to drop to US$30 per barrel.

"As for the West SeaHorse Field, we will look back on the activities by our Australia's assets if the oil prices were to drop below US$40 per barrel."

The integration of these two assets into Hibiscus' will be the primary objective as the two oilfields have a near term cash flow, he said.

(The Brent Crude Oil is hovering at around US$40 per barrel, while the US benchmark West Taxes Intermediate is moving at around US$37 per barrel.)

On the acquisition of Australia's Hydra Energy Holdings Pty Ltd, Zainul said the deal was important as it brought in potential financial backing from global natural resource investment, which would help in securing financing for projects.

He said the recent acquisition of a 8.4% stake in Hibiscus by UK-listed Polo Resources Ltd was expected to provide assistance to lure in more potential investors in the oil and gas sector.

Polo Resources has interests in oil and gas, gold, coal, iron ore, copper and phosphate.

At 2.31pm, Hibiscus shares were trading flat at 24 sen. - Bernama

Posted by rikki > 2015-12-11 20:17 | Report Abuse

Comfort Gloves' 3Q profit up almost 11 times after expansion

KUALA LUMPUR (Dec 11): Comfort Gloves Bhd ( Valuation: 0.00, Fundamental: 2.10)'s performance in its third quarter ended Oct 31, 2015 (3QFY16) continued to show the fruits of its expansion exercise this year, when net profit came in almost 11 times higher year-on-year (y-o-y) at RM7.17 million from RM672,000 previously.

Revenue for the quarter under review rose 59.6% y-o-y to RM61.28 million from RM38.39 million, according to the company's Bursa Malaysia filing today. The company was formerly known as Integrated Rubber Corp Bhd.

"The contribution mainly resulted from (a) successful expansion plan that was carried out throughout this year," Comfort Gloves said in the explanatory notes accompanying its 3QFY16 financials.

The Perak-based glove maker also pointed out there was a quarter-on-quarter improvement in 3QFY16. In 2QFY16, Comfort Gloves netted RM4.98 million in profit on the back of RM57.34 million in revenue.

"In this quarter, the management concentrated on cost reduction in utilities and direct materials usage," the company said, noting its gross margin in 3QFY16 improved to 16.54% from the preceding quarter's 11.73%.

On a cumulative basis (9MFY16), Comfort Gloves' net profit rose a little over 10 times to RM16.26 million from RM1.59 million.

Its 9MFY16 revenue came in 51.2% higher y-o-y at RM171.2 million, from RM113.22 million previously.

Looking ahead, Comfort Gloves said it expects the demand and consumption of rubber gloves in Asia and other emerging economies to increase, on the back of rising awareness in healthcare.

As such, it expects it "will continue to capture a bigger market share in Asia and United States, which currently contribute 80% to [its] revenue".

Further, Comfort Gloves said its expansion plan will significantly improve its profitability as it did not anticipate any increase in its existing operating fixed costs, except for depreciation and maintenance expenses associated with the manufacturing facility.

"The group will maintain its strategy of developing bespoke gloves for specific uses," Comfort Gloves concluded.

Its stock has jumped 35.4% year to date to close at 88 sen today, valuing it at RM439.14 million.

http://www.theedgemarkets.com/my/article/comfort-gloves-3q-profit-almost-11-times-after-expansion

Posted by Tessa Joseph > 2015-12-12 14:50 | Report Abuse

YS, yesterday you tanya about Special Purpose Acquisition Companies (SPACs)4

The following from SC

In classifying securities of SPACs, the Shariah Advisory Council considers the following criteria:
(i) The proposed business activity should be Shariah-compliant;
(ii) The entire proceeds raised from the initial public offering should be placed in Islamic accounts; and
(iii) In the event that the proceeds are invested, the entire investment should be Shariah-compliant.

Shariah-compliant securities include ordinary shares and warrants (issued
by the companies themselves). This means that warrants are classified as
Shariah-compliant securities provided the underlying shares are also Shariah compliant.

On the other hand, loan stocks and bonds are Shariah noncompliant
securities unless they are structured based on the SAC’s approved
Shariah rulings, concepts and principles.

So its not only about judi or babi, and sadly not many Malay company under syariah compliant too, the criteria so wide and SAC very very fussy.

And sometimes bila kena tendang out of the list fund managers aso lintang pukang jual cos they manage a syariah fund for example syariah unit trust fund.

I heard Amanah Saham aso non shariah but my lecturer said ok and harus for Muslim to labur cos tolong negara LOL

Hope the above helps.. :)

Posted by YS Babe > 2015-12-12 15:46 | Report Abuse

aku harap esceram naik senayan (Isnin) ni hehehehe

https://superawesomedeals.wordpress.com/technicalanalyzer/

Posted by Ratna NinjaGal > 2015-12-12 16:00 | Report Abuse

Yo ys, you sound good. I like "ESCERAM" and I think ESCERAM moving in a good direction.

tessa, big big hugs

Posted by rikki > 2015-12-12 16:27 | Report Abuse

Prolexus to set up Vietnam ops to gain from TPPA

KUALA LUMPUR: Prolexus Bhd is making a cash call to raise up to RM62.53mil in order to set up a garment factory in Vietnam as well as a fabric mill in Johor to expand into upstream garment production.

The apparels manufacturer announced to Bursa Malaysia on Friday a proposed renounceable rights issue of up to 62.53 million new 50 sen shares in the company -- at a price to be determined later -- together with the same number of free warrants.

This will be on the basis of one rights share and one warrant for every two existing Prolexus shares held by the company’s entitled shareholders on an entitlement date to be determined and announced later.

Of the proceeds, RM22mil is allocated for the Vietnam factory (land acquisition cost, however, will be paid with internal funds) while between RM31.85mil and RM38.93mil will be for the fabric mill.

Prolexus said the plant, to be constructed near the Tien Giang province in Vietnam, was part of its strategy to capitalise on the various benefits expected under the Trans-Pacific Partnership Agreement (TPPA).

http://www.thestar.com.my/business/business-news/2015/12/12/prolexus-to-set-up-plant-in-vietnam-to-gain-from-tppa/?style=biz

Posted by duitKWSPkita > 2015-12-12 17:09 | Report Abuse

Best weekend/X'mas/December/New Year wishes to my fren rikki, YS Babe, Joseph Tessa, Mark T Bird and all...........

Wishing everyone a wonderful December in 2015.

Posted by YS Babe > 2015-12-12 17:24 | Report Abuse

Duit aku tak celebrate christmas tapi terima kasih, aku harap tahun depan kita semua buat duit banyak2.

Huat arrrr! hehehehe

Aku ucapkan selamat hari christmas dan new year 2016 pada duit dan semua gang sini dan semua seisi forum connie. Duit, awak celebrate christmas ke?

Posted by Tessa Joseph > 2015-12-12 17:49 | Report Abuse

Hey duit, happiness comes with a price tag. If you are smiling, you’ve already paid for it in past. Have a happy weekend!

Here's for you :
https://www.youtube.com/watch?v=Rcq0LqEx3-E

Posted by YS Babe > 2015-12-12 17:52 | Report Abuse

duit, mark dengan tessa duet
hehehehe

Posted by YS Babe > 2015-12-12 18:00 | Report Abuse

aku jalan jalan online, ini kisah UMNO Smartphone

So everyone’s talking about the Umno smartphone; here’s the story of its maker

KUALA LUMPUR, Dec 12 — If your universe exists on Twitter, Facebook and Whatsapp, you may already be familiar with the Umno smartphone that made its debut this week at the Malay political party’s annual general assembly.

Priced at an auspicious RM888 per unit and available in two colours: black or white, the phone’s specs boasted a 5.5-inch high-definition IPS screen, a 2GB RAM processor, 16GB of internal memory, a 2,500mAh battery that also has dual-SIM card input, a 13MP rear camera and a 5MP front-facing camera and runs on Android 5.0 Lollipop.

It’s called the Umno smartphone because it has been customised to show the Umno logo on its boot screen, lock screen and home screen. It also has a back cover with the party logo imprinted.

But you would have known all that by now. What you may not know is that was made by a Malaysian company, Chili Mobile, touted to be the country’s first customisable phone producer.

Malay Mail Online met up with the little-known local cellphone maker’s founder Abdul Rahim Mohamad last night and found out that only 2,000 units of the Umno branded smartphone was produced exclusively for the general assembly. To date, 600 units have been sold.

And here’s the surprise. Abdul Rahim said the phone is not exclusive to Umno. His company simply took advantage of their customisable platform to create a special phone for the country’s largest political party at its annual assembly in an enterprising effort to boost its sales.

“It is Umno’s convention, so I do (sic) it for Umno. If tomorrow is PAS’ convention, I will do it for PAS also.

“I’m not a politician. I am a businessman, so I take the opportunity when I can,” he said when met at his booth located on level three of the Putra World Trade Centre, where the Umno assembly is taking place.

Abdul Rahim said the Umno smartphone has been well-received by delegates there. Some have even asked him if they could customise their phones with their party division and even branch names.

“Our approach is that we can customise your phone for any organisation, clubs, co-operative. Anyone.

“You can request what brand and specifications you require and we will do it for you. You can choose the processor, memory, camera capacity, battery capacity and so on and we will make the phone for you,” he said, adding that customers can even ask for “Pekida, PAS and other logos” if they wished.

https://sg.news.yahoo.com/everyone-talking-umno-smartphone-story-maker-230000814.html

Posted by rikki > 2015-12-12 21:32 | Report Abuse

Tq abang duit, wishing u merry xmas too & wonderful dec holidays.

Posted by YS Babe > 2015-12-12 22:06 | Report Abuse

Sa, awak masih dapat TA dari citytrader ke?

Posted by Tessa Joseph > 2015-12-12 22:15 | Report Abuse

Nope. Long time no whatsapp. Those TA from my friend, stockbroker. He always hantar email. I sometimes tak larat baca. So many laaa, kenanga, rhb, hlib, affin etc etc He is my old friend. Sometimes I kongsi kongsi on my website lorr. Word of caution, you can see at the bottom of my webpage

Please use our site as a place to get ideas. We do not make any representation, warranty or assurance nor represent that all the information provided herewith is absolutely accurate or complete and it should not be relied upon as such. Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or your licensed stock broker before investing.

Posted by rikki > 2015-12-13 10:42 | Report Abuse

China economy shows signs of steadying, risks remain

China's activity data was stronger than expected in November, with factory output growth picking up to a five-month high, signalling that a flurry of stimulus measures from Beijing may have put a floor under a fragile economy.

Still, analysts believe more policy steps are needed to weather nagging headwinds from a cooling property market, risks from high domestic debt levels, and weak global demand as financial markets brace for interest rate rises by the U.S. Federal Reserve.

"Real interest rates are still high due to falling producer prices," Wang Jun, senior economist at the China Centre for International Economic Exchanges (CCIEE), a Beijing-based think-tank.

"It's still necessary to cut interest rates to support economic growth and combat deflation."

Factory output grew an annual 6.2 percent in November, data from the National Bureau of Statistics(NBS) showed, quickening from October's 5.6 percent and beating expectations of 5.6 percent.

Growth in China's fixed-asset investment, one of the main drivers of the economy, rose 10.2 percent in the first 11 months, unchanged from the gain in January-October, and higher than an expected 10.1 percent rise.

Retail sales grew an annual 11.2 percent in November - the strongest expansion this year - compared with 11.0 percent in October. Analysts had forecast 11.1 percent growth in November.

"While low base could be the factor driving the headline growth, we still have to acknowledge that China's data are illustrating signs of stabilization, albeit at a low level," said Zhao Hao, senior economist at Commerzbank in Singapore.

The data came after weak trade and inflation readings earlier this week, which underscored the persistent slack in the economy.

http://www.cnbc.com/2015/12/12/china-economy-shows-signs-of-steadying-risks-remain.html

Posted by YS Babe > 2015-12-13 20:36 | Report Abuse

rikki ngan tessa ini rajin membaca, aku baru nampak tessa update blogspot, petang tadi aku nampak tessa update superawesomedeals kat wordpress, article lain lain, news lain lain, hehehehe

KUTNAIK semua, aku Zzzzz dulu

KUTPAI kawan2

Posted by Ratna NinjaGal > 2015-12-14 09:53 | Report Abuse

masih ingat tessa, citytrader, fortunebull, freethink, tony, john, tj, firebird, hot t, shark wakakaka

Posted by YS Babe > 2015-12-14 10:07 | Report Abuse

aaaaar dulu tessa maam of the house, citytrader man of the house, freethink bro of the house, hehehehe lepas tu mereka bukak whaapps group, skrg tessa bukak blog kat google dan wordpress hehehehe

Posted by Mark T Bird > 2015-12-14 16:04 | Report Abuse

Bursa Malaysia is expected to trend sideways this week with the benchmark index trading within the 1,640 to 1,680 band, amid speculation over the Federal Reserve's (Fed) decision on US interest rate hike and low oil prices. The US Federal Open Market Committee is scheduled to meet on Dec 15-16, 2015.

**Yawn**

Posted by rikki > 2015-12-15 08:08 | Report Abuse

Support Line

EXCEL Force MSC set a new all-time high of 94.5 sen last Friday before reversing down owing to an apparent profit-taking activity yesterday. Apparently, the stochastic had issued a short-term sell signal at the overbought area. Combined with the curving down sign of the 14-day relative strength index from the top, they suggest more pullback on extended correction in the immediate term. Initial support is envisaged at the 78 sen-81 sen band and stronger floor is pegged at the 21-day simple moving average of 75 sen.

MANAGEPAY Systems shares rose to a 4½-month high of 30 sen last Thursday before slipping into range-bound consolidation mode in the wake of mild profit-taking selling. Technically, the weakening signal from the stochastic and the 14-day relative strength index suggest further correction but investors can consider accumulating more on weakness, as the moving average convergence/divergence histogram remains bullish. A clear penetration of the 32-sen barrier would lead the bulls up to the 36.5-sen level or to challenge the historical peak of 38.5 sen, set on April 25, last year. Support is lying at the 26-sen floor, followed closely by the 24-sen line.

PERSISTENT liquidation dragged Pos Malaysia shares to a low of RM2.64 during intra-day session, the worst since June 2012. The moving average convergence/divergence histogram is bearish, but the extreme oversold condition of the stochastic and the 14-day relative strength index offer a ray of hope of a relief rebound soon. Based on the daily chart, the prevailing trend is negative, as long as the declining 14-day simple moving average of RM3.25 continues to pressure prices. Current support is anticipated at the RM2.58 floor and the next, at the RM2.40-RM2.43 area.

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

- The Star Biz