Posted by rikki > 2015-12-15 09:14 | Report Abuse

Technical Stock To Watch - TEKSENG (7200)

http://fatta888.blogspot.my/

Posted by rikki > 2015-12-15 15:48 | Report Abuse

Datasonic bags RM318.75m contract from KDN

KUALA LUMPUR (Dec 15): Datasonic Group Bhd ( Valuation: 0.90, Fundamental: 1.75) has bagged a RM318.75 million contract from the Home Ministry (KDN) to supply Malaysian passport chips for a period of five years or 12.5 million of passport chips.

In a filing with Bursa Malaysia today, Datasonic said its wholly-owned subsidiary Datasonic Technologies Sdn Bhd (DTSB) has accepted the letter of award (LOA) from KDN for the proposed contract commencing from Dec 1, 2016 to Nov 30, 2021.

Under the terms of the LOA, DTSB is required to furnish a performance bond for RM3.19 million to KDN, with validity period commencing from Dec 1, 2016 to Nov 30, 2022.

"The contract is expected to contribute positively towards the future earnings and net assets per share of the group for the financial year ending March 31, 2016 and the financial years thereafter, for the duration of the contract and will not have any effect on the share capital and substantial shareholders’ shareholdings of Datasonic Group," said Datasonic.

As at 3.17pm, Datasonic shares were traded 13 sen or 8.6% higher at RM1.65, with 6.89 million shares exchanging hands, giving it a market capitalisation of RM2.05 billion.

http://www.theedgemarkets.com/my/article/datasonic-bags-rm31875m-contract-kdn

Posted by rikki > 2015-12-15 15:56 | Report Abuse

Stock With Momentum: Comfort Glove

GLOVE manufacturer Comfort (Fundamental: 2.1/3, Valuation: 0/3) triggered our momentum algorithm yesterday, closing 1.1% higher at 89 sen.

Last Friday, the company announced its 3QFYJan2016 results. Revenue rose 59.6% y-y to RM61.3 million while net profit surged more than 10-fold to RM7.2 million. The improved performance was mainly due to cost reduction initiatives and successful expansion plan carried out throughout this year.

Notably, Teo Soon Heng has ceased to be a substantial shareholder after disposing his stake in Keen Setup Sdn Bhd (KSSB) to Datin Goh Kim Kooi. KSSB is the second largest shareholder in the company with 68.5 million shares or a 13.8% stake, at the time of writing.

Perak-based Comfort is primarily involved in manufacturing and trading of latex gloves. Exports — mainly to Asia and the US — accounted for 88.8% of its FY2015 revenue.

Moving forward, the company has earmarked RM28.7 million for future expansion plans.

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

Posted by Mark T Bird > 2015-12-15 23:17 | Report Abuse

from tessa

https://asiagali.wordpress.com/markets/

goodnight friends!

Posted by YS Babe > 2015-12-15 23:31 | Report Abuse

terima kasih daun keladi, mark hehehe

ninja pun dok tanya aku pasal ini, nasib baik awak kasi

KUTNAIK & KUTPAI (aku pun ngantuk dah, baru balik dari penang lawat sedara sakit)

Posted by rikki > 2015-12-16 08:13 | Report Abuse

Topglove RM11.86 @ 16/12/2016

Topglov: Earnings soared!

Results Update

For QE30/11/2015, Topglov's net profit rose 24% q-o-q or 164% y-o-y to RM128 million on the back of a revenue which rose 13% q-o-q or 41% y-o-y to RM800 million. Revenue increased due to increase in sales volume of 15% y-o-y, largely attributed to nitrile glove sales which increased 54% compared with 1QFY15. PBT soared y-o-y due to increased levels of efficiency throughout the manufacturing process as a result of intense focus on automation, R&D and re-engineering, which led to enhanced quality output and substantially reduced downtime. The Group's bottom-line was also boosted by the strong US Dollar and lower raw material prices.

Valuation

Topglov (traded at RM11.90 as at 3.45pm) is now trading at a PE of 20.5 times (based on last 4 quarters' EPS of 58 sen). At this PE multiple, Topglov is fairly valued as compared to Harta & Kossan which are trading at their respective trailing PERs of 40 & 30 times..

Technical Outlook

Topglov is still in an uptrend. The current move may mirror the strong rally of 2009 when the stock rose 280% after surpassing the 20-month EMA line. If Topglov can chalk up a similar gain of 280% after surpassing the 20-month EMA line, then the potential target is RM14.00.

Conclusion

Based on satisfactory financial performance, fairly attractive valuation & positive technical outlook, Topglov is a good stock for long-term investment.

http://nexttrade.blogspot.my/

Posted by rikki > 2015-12-16 08:18 | Report Abuse

NTPM RM0.785 @ 16/12/2015

NTPM: Quarterly Earnings Soared to New High!

Result Update

For QE31/10/2015, NTPM's net profit increased by 32% q-o-q or 85% y-o-y to RM17.0 million while revenue was increased by 6% q-o-q or 11% y-o-y to RM152.6 million. Profits rose due to the increase in sales and improvement in margin. Revenue increased y-o-y mainly due to the increase in sales of personal care products.

NTPM's net profit of RM17.0 million for QE31/10/2015 has surpassed the previous highest quarterly net profit of RM16.6 million recorded in QE31/1/2010.

Valuation

NTPM (closed at RM0.745 yesterday) is now trading at a PE of 14.6 times (based on last 4 quarters' EPS of 5.1 sen). At this PE multiple, NTPM is deemed fairly valued.

Technical Outlook

NTPM is in a long-term uptrend line, SS with support at RM0.68-0.70. Its immediate resistance is at the horizontal line at RM0.80. If it can surpass this resistance, it may go to RM0.90.

Conclusion

Based on satisfactory financial performance, fair valuation & positive technical outlook, NTPM's rating is upgraded from REDUCED to BUY.

http://nexttrade.blogspot.my/2015/12/ntpm-quarterly-earnings-soared-to-new.html

Posted by YS Babe > 2015-12-16 09:26 | Report Abuse

Wah, VS tega nih
heheheheee

Posted by Ratna NinjaGal > 2015-12-16 09:30 | Report Abuse

Wah, VSnya kok setinggi ini?
wakakakaka

Posted by rikki > 2015-12-17 08:50 | Report Abuse

Support Line

AJINOMOTO set a new record for the fourth straight session, which saw prices hitting a high of RM9.30 during intra-day session. The spike in the past few days had pushed the stochastic and the 14-day relative strength index deeper into the overbought area, suggesting correction may be around the corner. However, investors can consider accumulating on weakness, as the moving average convergence/divergence histogram remains positive. Initial support is seen at the RM8.53 level and the lower floor is anticipated at the RM7.97-RM8 band.

MALAYSIAN Resources Corp shares pulled back from a near one-year peak of RM1.52 on Nov 9 to a six-week low of RM1.20 owing to apparent profit-taking activity before bouncing off slightly amid light bargain-hunting interest. Based on the daily chart, this stock remains in short-term consolidation mode, and it will stay that way, as long as the falling 21-day simple moving average of RM1.29 continues to pressure prices. Important floor is at the RM1.15 level, of which a crack will see prices drifting lower towards the RM1.05 or 90 sen mark on extended correction process.

RENEWED buying interest lifted NTPM Holdings shares to a high of 88.5 sen during intra-day trading, the best since July last year. The stochastic and 14-day relative strength index strengthened further while the moving average convergence/divergence histogram climbed over the signal line to trigger a buy call yesterday. On the back of a promising development, prices are poised to firm in the immediate term. A breach of the 90-sen mark would lead to a re-test of the all-time peak of 97 sen, or open the windows for the bulls to explore unknown territory. Current support is envisaged at the 80-sen mark and concrete floor is seen at the 73-sen level.

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

- The Star Biz

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

Stock With Momentum: NTPM Holdings

NTPM Holdings Bhd ( Valuation: 1.10, Fundamental: 1.30) (-ve)

SHARES of NTPM (Fundamental: 1.3/3, Valuation: 1.1/3) closed 11.5% higher at 87.5 sen yesterday on heavy volume. The stock has risen by 17.4% since announcing its 2QFYApril2016 earnings results on Monday.

For 2QFY2016, revenue rose 10.5% y-y to RM152.6 million, due mainly to 15.1% sales growth for personal care products. Net profit surged 85.3% to RM17.0 million, boosted by higher sales and better profit margins from both paper and personal care products.

Penang-based NTPM commands over 55% share of Malaysia’s tissue market and is best known for its popular Premier and Royal Gold brands. The company also produces personal care products such as sanitary products (Intimate), baby and adult diapers (Diapex), and cotton products (Premier). Tissue paper products account for 70% of its revenue with the remaining from personal care products.

NTPM intends to increase its presence in Indo-China, following completion of its RM80 million manufacturing facilities in Vietnam in FY2015.

http://www.theedgemarkets.com/my/article/stock-momentum-ntpm-holdings-0

Posted by rikki > 2015-12-17 12:22 | Report Abuse

OCK bags job to build 920 telco towers in Myanmar

KUALA LUMPUR: Telecommunications network solution provider OCK Group Bhd ( Valuation: 0.80, Fundamental: 1.60), together with its Myanmar partner King Royal Technologies Co Ltd, intends to build up to 3,000 telecommunications towers in Myanmar over a five-year period.

For starters, OCK will invest US$75 million (RM323 million) to build 920 telecommunications towers for Telenor Myanmar Ltd, which will be delivered next year under a long-term “build and lease” business model.

In a statement yesterday, OCK said it and King Royal had signed a master service agreement with Telenor for the proposed project.

“With the Telenor contract, OCK is highly positive in achieving its [3,000 telecommunications towers] target,” said its group managing director Sam Ooi.

“As a progressive company, we seek to expand our services regionally, and Myanmar’s mobile phone industry has shown tremendous growth in the past year. This calls for more telecommunications towers both to cater for coverage and also for capacity,” said Ooi.

He pointed out that the Myanmar investment is part of the group’s mission in growing its recurring income. “We will continue to be on the lookout for more opportunities in the regional markets.”

Telenor Myanmar chief financial officer Lars Erik Tellmann said the company has built more than 4,000 telecommunications towers across Myanmar to date. “We see the clear need to expand our supply chain to secure and build sites, as [the] roll-out progresses from high-density urban areas and large townships to smaller towns, villages and rural areas,” he added.

Telenor is one of the companies that was awarded the nationwide telecommunications licence from the Myanmar government. It currently operates the largest 3G network in Myanmar, and aims to bring mobile voice and data connectivity to all cities, towns and villages across the country in the coming years.

http://www.theedgemarkets.com/my/article/ock-bags-job-build-920-telco-towers-myanmar

Posted by rikki > 2015-12-17 12:29 | Report Abuse

Fitch revises Malaysian banks' outlook in 2016 to negative

KUALA LUMPUR (Dec 16): Fitch Ratings has turned the sector outlook for Malaysian banks to negative in 2016, due to greater pressure on earnings and asset quality.

The rating agency said in a climate with persistently low commodity prices, weak external demand and lacklustre domestic sentiment, that it believes there is a risk to the country's gross domestic product (GDP) growth.

Fitch also sees some borrowers facing difficulty in adjusting to the significant currency depreciation over the past 12-18 months.

"We believe these developments translate into lower loan growth and higher credit costs in the next one to two years," it said in a report on "2016 Outlook: Asia-Pacific Banks" released today.

The agency also expects the recent rise in non-performing loan (NPL) formation to continue into 2016.

"The gross impaired-loan ratio — still steady at the long-term low of 1.6% at end-October 2015 — should increase, amid a more challenging environment.

"Delinquencies over the past 12-18 months have largely been from troubled industries offshore such as the commodity sector in Indonesia, but we expect deterioration in banks’ domestic portfolios to emerge in 2016," it said.

Fitch' rating outlooks, however, remain mostly stable, despite the more challenging sector outlook, on expectation that banks’ profitability and other loss-absorption buffers will provide a sufficient cushion against the projected rise in impairment costs, broadly preserving their credit profiles, amid the anticipated downturn.

Nevertheless, Fitch warned that the ratings would face downward pressure due to extended economic weakness, where significantly higher unemployment and a potential pull-back in lending would hurt banks’ asset quality, profitability and capitalisation.

"Exports and private domestic demand are the two largest drivers of the economy. Stronger global growth leading to more robust demand for Malaysia’s exports, or a convincing rebound in business and consumer sentiment — without excessive credit growth or inflation — would reduce the risks to GDP and banks’ asset quality," it noted.

http://www.theedgemarkets.com/my/article/fitch-revises-malaysian-banks-outlook-2016-negative

Posted by rikki > 2015-12-17 12:35 | Report Abuse

Fed raises interest rates, citing ongoing US recovery

WASHINGTON: The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.

The U.S. central bank's policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, ending a lengthy debate about whether the economy was strong enough to withstand higher borrowing costs.

"With the economy performing well and expected to continue to do so, the committee judges that a modest increase in the federal funds rate is appropriate," Fed Chair Janet Yellen said in a press conference after the rate decision was announced. "The economic recovery has clearly come a long way."

The Fed's policy statement noted the "considerable improvement" in the U.S. labor market, where the unemployment rate has fallen to 5 percent, and said policymakers are "reasonably confident" inflation will rise over the medium term to the Fed's 2 percent objective.

The central bank made clear the rate hike was a tentative beginning to a "gradual" tightening cycle, and that in deciding its next move it would put a premium on monitoring inflation, which remains mired below target.

"The process is likely to proceed gradually," Yellen said, a hint that further hikes will be slow in coming.

She added that policymakers were hoping for a slow rise in rates but one that will keep the Fed ahead of the curve as the economic recovery continues. "To keep the economy moving along the growth path it is on ... we would like to avoid a situation where we have left so much (monetary) accommodation in place for so long we have to tighten abruptly."

New economic projections from Fed policymakers were largely unchanged from September, with unemployment anticipated to fall to 4.7 percent next year and economic growth hitting 2.4 percent.

The Fed statement and its promise of a gradual path represented a compromise between policymakers who have been ready to raise rates for months and those who feel the economy is still at risk from weak inflation and slow global growth.

"The Fed is going out of its way to assure markets that, by embarking on a 'gradual' path, this will not be your traditional interest rate cycle," said Mohamed El-Erian, chief economic advisor at Allianz.

Fed officials said they were confident the situation was ripe for them to make a historic turn in policy without much disruption to financial markets, which had expected the hike this week.

U.S. stocks rallied on the news, in part because the Fed made clear it would proceed slowly with further tightening. Yields on U.S. Treasuries rose, while the dollar was largely unchanged against a basket of currencies. Oil prices fell sharply before paring losses.

http://www.thestar.com.my/business/business-news/2015/12/17/fed-raises-interest-rates-citing-ongoing-us-recovery/?style=biz

Posted by rikki > 2015-12-17 15:11 | Report Abuse

Scientex's 1Q net profit doubles

KUALA LUMPUR (Dec 17): Scientex Bhd ( Valuation: 2.10, Fundamental: 2.10)'s net profit for the first quarter ended Oct 31, 2015 (1QFY16) jumped 101% to RM60.85 million from RM30.27 million a year ago on higher packaging product manufacturing revenue and property development income.

In its quarterly report to Bursa Malaysia today, Scientex said revenue for the quarter rose to RM550.6 million compared to RM431.07 million in 1QFY15.

Scientex said it registered "higher contribution from both the industrial and consumer packaging products as well as the contribution from the newly-acquired subsidiary SGW Ipoh".

The company said property revenue rose to RM158.6 million from RM110.8 million on contribution from its projects in Johor and Melaka.

Looking ahead, Scientex said it would focus on affordable housing to capitalise on resilient demand in the market segment.

"The group will also continue to implement better planning and deployment of resources to reduce operational costs and wastage to boost operational margins in light of rising cost pressure," Scientex said.

At 12.30pm today, Scientex shares rose 10 sen or 1.2% to RM8.70 on thin volume of 81,700 shares.

At the share price of RM8.70, the group has a market capitalisation of RM1.97 billion.

http://www.theedgemarkets.com/my/article/scientexs-1q-net-profit-doubles

Posted by YS Babe > 2015-12-17 15:49 | Report Abuse

mark, aku ikut awak, aku dah buat duit sikit, lain hari aku ikut awak jer hehehehe

Posted by Mark T Bird > 2015-12-17 15:50 | Report Abuse

congrats, sold @0.32
hohoho

Posted by YS Babe > 2015-12-17 15:52 | Report Abuse

oo awak buat lagi banyak dari aku, takpe takpe jangan tamak hehehe
mark, jom beli XOX. aku baca wall tessa semalam rasa confident lak hehehehe

Posted by Mark T Bird > 2015-12-17 15:53 | Report Abuse

okok!

Posted by Tessa Joseph > 2015-12-17 16:08 | Report Abuse

APFT suda turun why tak tangkap, I think can go back to 0.34, IMAO. XOX aso can, sooner or later goreng again...hmmm

Posted by YS Babe > 2015-12-17 16:13 | Report Abuse

Beli pun dalam seminggu buat duit, bukan cepat. Aku pindah dulu kat XOX. Nanti datang balik, kalau ada peluang dan duit aku masuk semula. Ada kat sini tak buat duit marah2 maki hamun kat forum2. Kacau orang sana kacau orang sini. Lagi marah lagi tak buat duit hehehehe

Posted by rikki > 2015-12-17 20:19 | Report Abuse

Comintel's 3Q net profit up 457.89% on strong USD

KUALA LUMPUR (Dec 17): Comintel Corporation Bhd ( Valuation: 1.50, Fundamental: 0.55) saw its net profit soar five folds or 457.89% to RM4.86 million or 3.47 sen per share in the third quarter ended Oct 31, 2015 (3QFY16), from RM871,000 or 0.62 sen per share a year ago, on higher profit margins from its manufacturing sector and the strengthening of the US dollar.

In a filing with Bursa Malaysia, Comintel said its revenue in 3QFY16 rose 31.13% to RM109.85 million, from RM83.77 million in the third quarter of financial year 2015 (3QFY15).

For the first nine months of financial year 2016 (9MFY16), the company recorded a net profit of RM7.6 million or 5.43 sen per share, from a loss of RM1.97 million.

Revenue increased 19.43% to RM267.91 million in 9MFY16, from RM224.33 million in 9MFY15.

In accompanying notes, Comintel said profitability improved on account of higher profit margins contributed by the manufacturing segment.

The company also said strengthening of the US dollar, shipment of better margin products and cost improvement initiatives, have helped to improve profit margins.

The manufacturing segment recorded an increase in revenue of RM23.2 million to RM105.2 million, due to more products shipped in 3QFY16, as well as the strengthening of the US dollar against the ringgit.

The company said its communication and system integration segment saw an increase of RM2.5 million to RM4.3 million, due to the completion of more projects in 3QFY16.

Noting that it is cautiously optimistic over its performance for the rest of the current financial year, Comintel said it foresees a strong demand for its commercial products and expects the manufacturing segment to continue to drive the group’s performance.

The company also noted the strengthening of the US dollar has contributed positively to its profitability.

Comintel also said it only expects its renewable energy sector to contribute to the group’s earnings after the second half of next year, due to technical difficulties faced with its 2 megawatt (MW) plant renewable energy plant, planned to be constructed in Kuang.

“For our green energy sector, due to some unforeseen technical issues to synchronise the engines and feedstock, supplies are not in accordance with the agreed sizes as per contract signed with the supplier; we are not expecting to commission our first 2MW advanced gasification (thermal decomposition) renewable green energy plant in Kuang by the end of this year,” the company said.

“These issues are being rectified with the suppliers now and we expect the Initial Operation Date (IOD), and the Feed in Tariff (FiT) Date to be in the first half of next year,” it added.

Comintel said it has alerted the Sustainable Energy Development Authority Malaysia (SEDA) on the problems the company is facing, seeking an extension to the IOD of the plant FiT to April 30, 2016 and May 31, 2016 respectively.

Comintel (fundamental: 0.55; valuation: 1.5) shares closed 3.5 sen lower at 37 sen today, for a market capitalization of RM51.8 million.  

http://www.theedgemarkets.com/my/article/comintels-3q-net-profit-45789-strong-usd

Posted by rikki > 2015-12-17 20:22 | Report Abuse

Gadang gets RM185m contract from Petronas

KUALA LUMPUR (Dec 17): Gadang Holdings Bhd ( Valuation: 1.80, Fundamental: 1.70) has secured civil and infrastructure works from Petroliam Nasional Bhd (Petronas) at Pengerang, Johor, worth RM185 million.

In a filing with Bursa Malaysia today, the civil engineering outfit said its wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd has been awarded with the contract by PRPC Utilities and Facilities Sdn Bhd, a subsidiary under the Petronas Group last Friday (Dec 11).

Gadang is tasked to undertake a project known as "Utilities, Interconnecting, Offsite (UIC) facilities: procurement, construction and commissioning (PCC) of civil and intrastructure works" at Storm Water East Area at Pengerang, Johor.  

The contract will commence from the date of the contract award, with a contract period of 20 months.

Gadang expects the contract to contribute positively to its earnings for the financial year ending May 31, 2016 onwards.  

Shares in Gadang closed up one sen or 0.46% at its five years high of RM2.17 today, for a market capitalisation of RM503.14 million.

http://www.theedgemarkets.com/my/article/gadang-gets-rm185m-contract-petronas

Posted by Tessa Joseph > 2015-12-17 20:29 | Report Abuse

Enjoy!

https://www.youtube.com/watch?v=bkm3LJTSCWU

Posted by YS Babe > 2015-12-17 20:36 | Report Abuse

hehehehe betul tu hehehehe

KUTNAIK AND KUTPAI nak tengok tv

Posted by rikki > 2015-12-18 11:11 | Report Abuse

CIMB Research sees Komtar theme park boosting Only World Group

KUALA LUMPUR: CIMB Equities Research expects Only World Group’s (OWG) share price to be given a boost from the proposed theme park at Komtar in Penang.

The research house said on Friday it visited Komtar recently for a progress update on the state of launch readiness.

Its earlier expectation was for a launch in two phases, which were December 2015 and February 2016.

“It appears that this has now been changed to a single grand launch on April 1, 2016 so that the project becomes a single coherent destination where all attractions and destinations are ready. As a result, we lower our FY16 EPS by 10% to account for the delay,” it said.

CIMB Research said although Komtar will be launched on a single date, the various components are still targeted to be completed in two phases.

In phase one (end-January 2016), the themed attractions 1) I Love Penang gallery, 2) Doraemon, 3) Haunted House, 4) 5D Sea Explorer and 6) Playoke will be completed.

In phase 2 (mid-Feb 16), 1) Jurassic Park, 2) Zodiac Park, 3) Mirror Maze, 4) Milliondollar Carousel and 7D Planetarium Dome will be ready.

“Our current assumption of a blended ticket rate of RM15 (@1m visitors per annum) for the observation deck is conservative. Based on comparative pricing for tickets in KL Tower and Petronas Twin Towers, Komtar could potentially earn a blended ticket rate of RM40.

“This would lift our FY16-18 EPS forecasts by 11-46% and could raise our share price valuation to RM6.95.

“We have not imputed any revenue and profit contributions from the themed attractions at Komtar in our forecasts as ticket prices have not yet been finalised,” it said.

CIMB Research said based on OWG’s historical ticket prices in Genting Highlands, an average RM30 a ticket is not unreasonable.

At pretax margin of 30%, the themed attractions division could lift FY16- 18F EPS by 10-25% and could raise our share price valuation to RM6.03.

“Komtar opening could lift OWG to RM8 If we include the upside potential both from higher ticket prices and the themed attractions, our FY16-18F EPS could rise by 16%-71%, which could lift our share price valuation to RM8.

“As with all construction projects, the biggest risk to our earnings projections is further delays in the launch of Komtar,” it added.

http://www.thestar.com.my/business/business-news/2015/12/18/cimb-research-sees-komtar-theme-park-boosting-only-world-group/?style=biz

Posted by rikki > 2015-12-19 14:32 | Report Abuse

Brahmal takes up stake in Instacom

Creador chief buys 2% in construction outfit on personal capacity

PETALING JAYA: Brahmal Vasudevan (pic), the founder and chief executive officer (CEO) of private equity firm Creador Sdn Bhd, has emerged as one of the investors who took up shares in Instacom Group Bhd via a private placement.

He acquired the 2% stake in the construction company on his own personal capacity.

Based on the placement price of 25 sen each, Brahmal would have paid about RM10mil for his portion of shares.

Shares in Instacom was last traded at 27.5 sen yesterday, giving it a market value of RM643mil. It was the most actively traded counter yesterday with 90.37 million shares transacted.

It was believed that Brahmal acquired the shares in his own personal capacity because the investment amount involved was too small for Creador to consider.

Brahmal has become as one of the most prolific investors having purchased shares in a number of relatively small, but fast growing and exciting companies.

Previous reports had named him as a shareholder in Mulpha Land Bhd, SMRT Holdings Bhd, Scicom (MSC) Bhd, MyEG Services Bhd and GHL Systems Bhd.

Meanwhile, the fund he manages has taken stakes in companies such as IFCA MSC Bhd, Oldtown Bhd, Asiamet Education Group Bhd and Bonia Corp Bhd. It also has investments in Indonesia and India, two of the most attractive markets in Asia because of its large domestic market.

“Creador largely goes into companies with strong consumer business. When it is too small for the fund, sometimes Brahmal takes a position in his personal capacity,” said an investment banker familiar with the group.

Brahmal’s interest in Instacom could be driven by the company’s exciting growth prospects.

CIMB Research in recent reports named Instacom as a proxy play to the growing tide of foreign direct investment from China.

The firm has a target price of 67 sen for the stock, based on its break-up value.

Instacom’s private placement exercise would raise RM58.5mil in fresh capital for the group, which it can quickly utilise to take advantage of new orders from China Railway Construction Corp Ltd (CRCC).

It has recently proposed to change its name to Vivocom International Holdings Bhd, to reflect its transformation to a full-fledge construction company.

Vivocom is the inhouse contractor for the global Chinese construction giant. It had bagged contracts totalling more than RM350mil from CRCC Malaysia Bhd in recent months.

“We have imputed contract wins of RM3bil in 2016 into our earnings forecasts. A contract award of RM2bil-RM3bil by CRCC would meet our order book win estimate,” CIMB Research said in a note dated Dec 6.

The Government, earlier this month, has awarded the Gemas-Johor Baru electrified double tracking project to CRCC. The project is worth an estimated RM8bil.

http://www.thestar.com.my/business/business-news/2015/12/19/brahmal-takes-up-stake-in-instacom/?style=biz

Posted by rikki > 2015-12-21 22:07 | Report Abuse

Technical Ideas - 22 December 2015 - Solution (0093) | OpenSys (0040)

http://klse.i3investor.com/blogs/bursakakis/88510.jsp

Posted by rikki > 2015-12-23 00:17 | Report Abuse

Technical Ideas - 23 Dec 2015 - TGuan (7034)

http://klse.i3investor.com/blogs/bursakakis/88580.jsp

Posted by rikki > 2015-12-23 12:11 | Report Abuse

Insider Asia’s Stock Of The Day: REXIT (23/12/2015)

http://klse.i3investor.com/blogs/the_edge_insider_asia_stock/88607.jsp

Posted by rikki > 2015-12-23 12:17 | Report Abuse

US consumers lend economy a boost in November

WASHINGTON (Dec 22): US consumer spending picked up in November as households loosened their purse strings at the start of the holiday shopping season, boosting prospects for fourth quarter economic growth.

Spending rose by 0.3% last month after holding steady in October, according to data inadvertently released late on Tuesday by the Commerce Department.

http://www.theedgemarkets.com/my/article/us-consumers-lend-economy-boost-november

Posted by rikki > 2015-12-23 12:20 | Report Abuse

Magni-Tech 2Q net profit soars, pays 8 sen dividend

KUALA LUMPUR: Garments and plastic packaging products manufacturer Magni-Tech Industries Bhd saw its net profit soar 2.7 times year-on-year (y-o-y) to RM21.63 million in its second quarter ended Oct 31, 2015 (2QFY16) from RM8 million, largely due to the stronger US dollar against the ringgit during the period.

Revenue for the quarter rose 21.8% y-o-y to RM197.34 million from RM162.04 million, its filing with Bursa Malaysia yesterday showed.

The company also declared an interim dividend of five sen per share, along with a special dividend of three sen per share for the financial year ending April 30, 2016 (FY16). Both dividends are payable on Jan 26, 2016, and will go ex on Jan 7.

The group said its profit before taxation for the current quarter rose by 165%, mainly due to higher garment revenue and higher other operating income, which came about from the favourable currency exchange rate, and positive results from ongoing productivity improvement and cost-control measures.

It highlighted that its garment business was a beneficiary of the stronger greenback, which resulted in a 27.5% increase in the segment’s revenue, though that was partly offset by a 2.6% fall in revenue from its packaging business.

For the first half of its financial year (1HFY16), net profit more than doubled y-o-y to RM37.2 million from RM18.09 million, as revenue rose 15% y-o-y to RM391.16 million from RM339.28 million.

Going forward, the group expects its garments business to remain its major revenue contributor — it accounted for about 84.8% of its revenue for the financial period — and expects both its business divisions to remain profitable for the remainder of FY16.

Magni-Tech fell two sen or 0.48% to RM4.18 yesterday, which valued it at RM680.22 million.

Posted by YS Babe > 2015-12-23 16:18 | Report Abuse

tessa, mark, ninja, tj, duit, dan semua yang ada sini, SELAMAT BERCUTI!!!

Posted by Mark T Bird > 2015-12-23 20:23 | Report Abuse

YS! thank you for the gift of your friendship
hohoho

Posted by Ratna NinjaGal > 2015-12-23 20:26 | Report Abuse

YS sayang, thank you and have a happy and healthy holiday season ya!

Posted by Mark T Bird > 2015-12-23 20:32 | Report Abuse

Ninja, Bursa Malaysia Holiday
December 24, Thursday Prophet Mohammad’s Birthday
December 25, Friday Christmas

See you next week!!
hohoho

Posted by Tessa Joseph > 2015-12-23 22:33 | Report Abuse

Wishing you comfort, hope, and joy for the holidays and always :)

Posted by rikki > 2015-12-24 11:53 | Report Abuse

Multi-Code bags RM240mil contracts to supply Proton parts

KUALA LUMPUR: Multi-Code Electronics Industries (M) Bhd (MCE) expects to generate RM240mil in revenue from newly-clinched contracts to supply anti-theft systems, parking sensors and other parts for Proton cars.

The automotive electronics parts manufacturer told Bursa Malaysia that the five-year contracts also included the supply of power regulator systems, functional switches and ignition key set systems.

The supply of the parts will start in the second and third quarters of MCE’s financial year ending July 31, 2016.

The company estimated the initial investment outlay for the projects from Perusahaan Otomobil Nasional Sdn Bhd is RM1.55mil.

MCE, headquartered in Johor, began operations in 1990 to manufacture and supply car alarm systems, central locking and power window regulators. It has grown to become an original equipment manufacturer (OEM) specialising in a full spectrum of design, manufacture and supply of automotive electronics and mechatronics parts for the Malaysian and regional markets.

MCE shares gained 1 sen to close at 84 sen on Wednesday.

http://www.thestar.com.my/business/business-news/2015/12/23/multi-code-bags-rm240mil-contracts-to-supply-proton-parts/?style=biz

Posted by rikki > 2015-12-24 11:58 | Report Abuse

Rubber glove prices to go up next year

PETALING JAYA: Rubber glove producers are expected to increase product prices next year in a move to alleviate the cost of manufacturing following the latest increase in natural gas tariff, said the Malaysian Rubber Glove Manufacturers Association (Margma).

Margma estimates that this round of increase will mean an additional cost of 40 cents to 70 cents per 1,000 pieces of nitrile gloves and 30 cents to 50 cents for latex gloves.

Margma president Denis Low Jau Foo said in a statement yesterday that the 17.2% increase in the price of natural gas beginning Jan 1, 2016 comes too soon and too suddenly, with just 10 days' notice, and the quantum is too high.

It pointed out that it was only six months ago that Gas Malaysia increased the tariff by 10.27%, on July 1, 2015.

"Whist we understand the move, we are concerned that the announced quantum is too high, too sudden and a burden to us now. The 10 days' notice is too short and makes it difficult for manufacturers to manage the sudden increase in production costs as the selling prices for orders were already fixed months ahead," said Low.

He said that each manufacturer will have to adjust their pricing depending on the product type and their manufacturing costs.

Low noted that while the rubber gloves business is still robust with companies reporting good profits recently, the buyers are actually getting lower and lower price offers.

"The buyers are requesting lower prices every time there is an upward movement in the US dollar and a downward movement on commodity prices. This is resulting in profit margins being squeezed and may eventually hurt the rubber glove industry and the Malaysian economy in general," he added.

Meanwhile, HLIB Research in a separate report yesterday said any revision in the natural gas tariff will impact rubber glove manufacturers as, on average, it constitutes about 10% of total cost production.

"The final impact of the hike will actually depend on how soon rubber glove manufacturers are able to pass it to their end clients, which in our opinion, likely to be about three month lag," its analyst Nick Foo Mun Pang said.

Having anticipated the latest round of tariff increase, Foo has a neutral stance on the rubber products sector.

http://m.thesundaily.my/news/1646214

Posted by AyamTua > 2015-12-24 12:00 | Report Abuse

Merry Christmas to all AyamTua Fanatics Fans Worldwide
Ho Ho Ho

Jingle Bell Jingle All The Way...

kikiiiiikkkiiiii

Posted by rikki > 2015-12-24 12:05 | Report Abuse

Three Chinese industrial firms say they might miss bond payments

SHANGHAI (Dec 23): Three privately-owned Chinese industrial firms have said they might be unable to make bond payments due in less than a week.

Separate statements from the three unlisted firms were posted on the website of China's interbank market operator on Tuesday.

Huaian Farun Chemical Co and Huaian Jiacheng Hi-Tech Chemical Industry Co said they may be unable to make payments due Dec. 28 on a collective 350 million yuan (US$54.04 million)note maturing that day.

In their statements, both of the firms cited severe operating losses and cashflow difficulties as the reason.

Separately, Henan Sanli Carbon Products Co, a producer of graphite products and electrodes, said that due to business difficulties it was unsure if it could make payments due Dec 27 on a collective 270 million yuan note maturing that day.

In their statements, all three firms said that if they were unable to make payments, bond guarantor China Bond Insurance Co would be responsible for repayment.

During 2015, a growing number of Chinese companies have struggled to make bond payments on time. The construction, heavy industry and mining sectors remain under severe pressure from weak demand and falling factory gate prices.

Nonetheless, high-rated Chinese corporate debt has continued to perform well in the fourth quarter as falling interest rates and other monetary support have helped push down yields. That has raised concerns among analysts that some corporate bonds may be overpriced.

Earlier this year, several Chinese firms warned of defaults on collective notes, which are usually issued by small firms unable to secure credit on their own.

http://www.theedgemarkets.com/my/article/three-chinese-industrial-firms-say-they-might-miss-bond-payments

Posted by rikki > 2015-12-26 00:11 | Report Abuse

Technical Ideas - 28 Dec 2015 - Mieco (5001) | Cenbond (7171)

http://klse.i3investor.com/blogs/bursakakis/88680.jsp

Posted by rikki > 2015-12-26 19:07 | Report Abuse

Bursa Malaysia likely to continue upward momentum

KUALA LUMPUR: Bursa Malaysia is likely to continue its upward momentum next week, with bargain hunting expected to push up the local index.

Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said investors are expected to begin their pre-new year shopping in the last week of 2015.

"December and January are usually the seasonal buying months for stock market investors. With the oil prices starting to rebound, we expect some early buying for next year," he told Bernama.

He said he expects the local bourse to trade at between 1,660 and 1,680 points next week.

The sentiment would also be supported by the US Federal Reserve's decision to finally increase its interest rates, which has resolved uncertainty among investors, giving them a clearer investment direction.

"Also, investors are eagerly awaiting the China stimulus package early in January, which is expected to be in a positive way," he added.

The world's second-largest economy recently concluded its annual planning meeting, pledging to be more proactive and flexible in using fiscal and monetary policy to keep growth in a "proper range".

Back home, Nazri said the movement of the ringgit moving forward and the Trans-pacific Partnership (TPP) are expected to be the key drivers for the FBM KLCI's performance.

"The ringgit should go up as commodity prices rebound," he added.

http://www.thesundaily.my/news/1647573

Posted by rikki > 2015-12-27 11:10 | Report Abuse

My Picks - Top 10 Stocks For Year 2016

http://klse.i3investor.com/blogs/bursakakis/88705.jsp

Posted by rikki > 2015-12-27 13:38 | Report Abuse

Vietnam economy grows at fastest pace in five years

HANOI - Vietnam reported that its economy grew 6.68 percent in 2015, the fastest pace in five years, helped by an expanding industrial sector and record foreign direct investment.

The annual growth rate exceeds a 6.55 percent forecast by Prime Minister Nguyen Tan Dung early this month and the official target of 6.2 percent, the government said on Saturday.

In the fourth quarter, gross domestic product (GDP) increased 7.01 percent from a year earlier, accelerating from 6.87 percent in July-September to be the year's best quarter, the General Statistics Office (GSO) said in a report.

The Southeast Asian nation's growth rate has been rising every year since 2012 as the country made reforms after being on the brink of a crisis after a property bubble burst and bad debts soared to reach 17.5 percent of total loans.

The 2015 rate "is an achievement of a five-year period but not a result of efforts of a single year," Nguyen Bich Lam, GSO head, told a media conference.

The GSO said growth has been supported by 9.4 annual percent growth in manufacturing and expansion of 10.8 percent, the highest in five years, for construction.

As of Dec. 15, actual foreign direct investment (FDI) this year was $14.5 billion, or 17.4 percent above the year-earlier figure.

http://www.cnbc.com/2015/12/26/vietnam-economy-grows-at-fastest-pace-in-five-years.html

Posted by koonbee9 > 2015-12-27 14:03 | Report Abuse

Your most great pick will be comintel corp

Posted by YS Babe > 2015-12-28 09:46 | Report Abuse

selamat pagi, ramai cuti lagi, tessa aku tau cuti sampai tahun hadapan.

AKU NAK MASAK main dengan cucu


KUTPAI ALL THE BEST
hehehehe

Posted by Ratna NinjaGal > 2015-12-28 10:31 | Report Abuse

YS, icon8888 kok femes. Galau-ness at its best.

Posted by rikki > 2015-12-28 10:37 | Report Abuse

Japan factory output drops 1 per cent on-month in November

TOKYO - Japan's factory output fell for the first time in three months in November, data showed on Monday, a sign that weak emerging market demand continues to cloud prospects for a sustained recovery in the world's third largest economy.

But manufacturers expect to increase output in the coming months, offering some relief for the Bank of Japan as it struggles to jump-start growth and accelerate inflation toward its 2 percent target.

Industrial output fell 1.0 percent in November from the previous month, more than a median market forecast for a 0.6 percent decline, trade ministry data showed.

"Factory output is moving sideways," the government said, keeping its assessment on industrial production unchanged from last month.

http://www.cnbc.com/2015/12/27/japan-factory-output-drops-1-percent-on-month-in-november.html

Posted by YS Babe > 2015-12-28 10:42 | Report Abuse

ninja, i3 ini sefesyen dari dulu, kalau dapat tip buat duit dipuja melangit, esok dapat tip tak buat duit yang femes tadi dimaki hamum tak sudah sudah, dah selalu aku tengok gitu ler fesyen i3, tu ler pasal aku jarang nak sini lama, banyak perangai kebudak budakkan, aku bela anak aku lagi baik hehehehehe