Upgrade to BUY (from Neutral) with an unchanged TP of
RM2.19

Awarded with Pan Borneo Highway Phase 1 construction
from Julau and Sibu Airport to Sg. Kua Bridge
• Scope of work comprises full spectrum of highway
engineering such as earth works, piling, drainage works,
road works, interchanges, bridges as well as mechanical and
electrical engineering
• Outstanding unbilled orderbook swelled to RM3.05bn

1 mdb default

4.00

Fast Food Indonesia (FAST IJ)
2015: Net Income 20% Above Our Forecast; Higher Margins From Debt Paydown
In 2016
4Q15 SSS growth of 3.4% was significantly higher than the -0.7% in 4Q14. With the
recovery in purchasing power, we expect SSS growth to further improve from 1.1%
in 2015 to 3.5% in 2016. FAST is likely to record lower interest cost in 2016 as it
retires its Rp200b debt. We expect net income to rise 15.4% in 2016 and 16.8% in
2017. FAST is trading at 17.5x 2016-17F PE, below its historical average of 26.2x.
Maintain BUY with a higher target price of Rp1,650.

Challenging outlook for FY16
1Q16 net profit of MYR4m disappointed as operating margin collapsed on
weaker revenue, exacerbated by forex translation losses. We cut FY16-18
earnings forecasts by 36%-52% on lower sensor demand and lower
USD/MYR assumption. Pegging at a lower PER multiple of 15x (from 16x;
on FY17 EPS) to account for the less sanguine near-term outlook, our
revised TP is MYR3.90 (-43%), warranting a downgrade in call to HOLD.

news out already

GEORGE TOWN: Texchem Resources Bhd plans to open 35 more restaurants nationwide this year, including Doutor Coffee, one of Japan’s biggest coffee shop chains.

Of them, 11 will be Sushi King restaurants, 10 each of Yoshinoya and Hanamaru Udon restaurants, and four Doutor Coffee outlets, Texchem founder and executive chairman Tan Sri Fumihiko Konishi said.

He declined to name the locations as they depended on the brands.

“For Sushi King, it would fit into smaller cities like Alor Setar, Kuala Terengganu, Kota Baru and Sungai Petani.

“For Yoshinoya and Hanamaru, we are looking at key cities in several states as this brand started to become part of our portfolio in 2015, but it depends on the availability of space at the malls.

“For a new brand like Doutor Coffee, we are looking at the Klang Valley to start with,” he told reporters after the group’s AGM in George Town on Monday.

Konishi said the group had applied for halal certification and expected it would be approved in June or July.

He said Texchem expected Malay patrons to increase to 50% in 2018.

“Generally, Malaysians know that Sushi King meets the halal requirement. Between 2013 to 2015, we had increased Malay customers from 17% to 30%, a very significant jump,” he said.

Meanwhile, Texchem president and group chief executive officer Brian Tan Guan Hooi said the group ventured into the aerospace industry since 2015 and it had contributed 1% to 2% of its revenue.

He said it started from an investment in the production facilities for heavy gauge and thick-gauge extrusion machines, which were used in medical life sciences products, as well as automobile and aerospace products.

“We’ve got an approval from an airplane manufacturing company to use our production of parts in the airplane galley. This marks our venture into the aerospace industry as a supplier.

“We’ve become a strategic supplier to airplane manufacturer for aircraft parts,” he said, adding that the group had allocated RM10mil to invest in machines from 2016 to 2018.

Tan declined to name the airplane manufacturer due to confidentiality clauses.

The group has invested RM3mil last year to expand its factory in Perai in order to include the manufacturing facility for the machines, he added. - Bernama

2.76

other counter you can watch is texchem, sam and yee lee

in jan 2014 the price is RM2.92

cannot mention

i know who is selling

4.21

now water crisis . better buy

as long as usd 30 per barrel I think the co still ok

52 week low is 0.88 sen high will be at 1.38

already up 68%. so watch up. all the price is in

Despite the change in leadership at Malaysia Airlines, we reiterate our
positive view on Malaysia’s tighter capacity and that the rationalized air
fare/yield environment bodes well for earnings outlook for AirAsia (AIRA MK,
BUY, TP: MYR2.71) and AirAsia X (AAX MK, BUY, TP: MYR0.35). AirAsia is
out top pick BUY in the ASEAN airlines space

Normal issue. Where good company got research like Goldis from 2.25 to 2.74 now

6.40

good company very hard to come by

yeap correct.

just buy

6.11

still buying

buy again tomorow. hopefully is down. but may not down
may go up

2.61

Director selling

Based on our estimates, the stock is worth double its value today. The share
price is a big laggard when compared to the share prices of other small-cap
contractors or other small-cap stocks in general, which have surged or even
doubled YTD. For AZRB, we apply a 50% discount to AZRB's RNAV/share of
RM2.95. The 50% discount is fair in our view and it is higher than the 10-40%
we apply to the construction stocks under our coverage. We arrive at an implied
value of RM1.48/share, which implies an upside of 103%.

AZRB fits squarely into the category of a smaller-cap pure contractor
with decent order book growth and new recurring income assets, and
that is hugely undervalued relative to its RNAV. Longer-term recovery
prospects are underappreciated, in our view. AZRB is worth double its
market value.

After Langat 2 comes the pipes

langat 2 project still got a lot of portion.

BRIEF-AirAsia says the Founders and Tune Air not considering privatisation AIRA.KL - RTRS
30-Mar-2016 13:42
March 30 (Reuters) - AirAsia Bhd AIRA.KL:

Refers to query raised by Bursa Malaysia securities on 28 March pertaining to an article in the Edge Malaysia entitled "Tune may privatise AirAsia with China Everbright" Board wishes to inform after making due enquiries with all the co's directors, they are not aware of the reason for the article Says the Founders and Tune Air also indicated that they are not considering a privatisation at this stage. Source text for Eikon (Full Story)

Sooner or later either privatize at 2.50 to 2.80

Wait for tomorrow

maybe gtower sell

Normal wait until drop 2.20 than buy again

A recap of Seri Tanjung Pinang Phase 2 project
E&O’s 760-acre land reclamation project in Penang, the Seri Tanjung Pinang Phase 2
(STP2), is split into two packages. E&O would gain a net land area of 7.25m sqft upon
completing Package 1 (STP 2A) and 14.35m sqft from Package 2 (STP 2B & 2C). The
reclamation cost for STP 2A is about RM250 psf on average while that for STP 2B & 2C
is about RM110 psf. Reclamation work for STP 2A is slated to be completed by 2018.
Targets to secure an investor for STP 2A by Jun 2016
While E&O has obtained RM1.1bn worth of banking facilities for its reclamation project, it
wants to bring in a strategic investor to take up a stake in STP 2A, a 253-acre island that
is being reclaimed, to help with its funding requirement. Management targets to secure
the strategic investor by Jun 2016. This will be an important event to watch out for as the
selling price would set a valuation benchmark for the entire STP2 project.
Potential value of STP 2A
Land prices on the Penang island has soared in recent years due to scarcity. The latest
comparable transaction was the acquisition by a subsidiary of Ewein Bhd (EWEI MK,
NR), of which the land was transacted at RM1,300 psf. Ewein’s land is located less than
1km away from STP2. At this price, STP 2A alone is worth RM7.6bn and STP 2B & 2C
RM17.1bn before discounting for the time value of money. The undiscounted value of
E&O’s 78.8% stake in the entire STP2 would be RM19.5bn.
Upside to our RNAV
We have adopted a very conservative approach in our valuation due to the uncertainty
over E&O’s selling price for its stake in STP 2A and the timeline for the reclamation work
of STP 2B & 2C. Our valuation implies that E&O’s stake in STP2 is worth only RM2.9bn,
or RM330 psf. Our RNAV would increase by 44% if E&O manages to sell its stake at
RM500 psf, by 174% at RM1,000psf, and by 251% at RM1,300 psf.
A risk worth taking
The property sector has fallen out of favour among investors due to weak property sales.
E&O was not spared. Its share price is currently 34% below its peak in 2014, despite
gaining 18% since early Feb 2016. Its 2016 sales may even disappoint as it is targeting
the high-end segment which is lacklustre, but the potential re-rating from the sale of its
stake in STP 2A is too big to ignore. News about it selling the stake within the next few
months could re-rate the stock.

in miri same goes to sushi king outlet have to que

yeap going to.

2.56

2.56

up again today 3.31%

ADD, TP RM2.56, RM1.69 close 50% of revenue comes from its POOS
division, which focuses on production services. It should benefit from full
contributions from the Tg Baram marginal oilfield RSC and D18 Water Injection Facility
contracts in 2016.

but anyway is good result overall.

net cash flow from operations is lower than 2014

result is similar to 2014. got dividend. market is still in down mode.

MBMR has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 2.38 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

Recent Activity NULL NULL
Investor Name Value Shares
Buys NULL NULL
Affin Hwang Asset Management Berhad +1.33M +1.90M
Employees Provident Fund (EPF) +0.50M +0.92M
Bessemer Trust Company, N.A. (US) +0.17M +0.26M