trading near its support of 0.1. it is important to monitor the price vol action near this 0.1level to determine whether this support level will hold.

base on daily chart 23/3

Units of Carimin Petroleum Bhd, Dayang Enterprise Holdings Bhd, Deleum Bhd, Petra Energy Bhd, and Sapura Energy Bhd had today been awarded contracts by Petronas Carigali Sdn Bhd to provide maintenance, construction and modification services at its offshore facilities in peninsular Malaysia, Sabah and Sarawak.

Petronas said the five companies will carry out engineering and maintenance services, which include topside major maintenance as well as facilities improvement projects for a five-year period from September 2017, with an option to extend an additional year.

Units of Carimin Petroleum Bhd, Dayang Enterprise Holdings Bhd, Deleum Bhd, Petra Energy Bhd, and Sapura Energy Bhd had today been awarded contracts by Petronas Carigali Sdn Bhd to provide maintenance, construction and modification services at its offshore facilities in peninsular Malaysia, Sabah and Sarawak.

Petronas said the five companies will carry out engineering and maintenance services, which include topside major maintenance as well as facilities improvement projects for a five-year period from September 2017, with an option to extend an additional year.

Units of Carimin Petroleum Bhd, Dayang Enterprise Holdings Bhd, Deleum Bhd, Petra Energy Bhd, and Sapura Energy Bhd had today been awarded contracts by Petronas Carigali Sdn Bhd to provide maintenance, construction and modification services at its offshore facilities in peninsular Malaysia, Sabah and Sarawak.

Petronas said the five companies will carry out engineering and maintenance services, which include topside major maintenance as well as facilities improvement projects for a five-year period from September 2017, with an option to extend an additional year.

Units of Carimin Petroleum Bhd, Dayang Enterprise Holdings Bhd, Deleum Bhd, Petra Energy Bhd, and Sapura Energy Bhd had today been awarded contracts by Petronas Carigali Sdn Bhd to provide maintenance, construction and modification services at its offshore facilities in peninsular Malaysia, Sabah and Sarawak.

Petronas said the five companies will carry out engineering and maintenance services, which include topside major maintenance as well as facilities improvement projects for a five-year period from September 2017, with an option to extend an additional year.

Units of Carimin Petroleum Bhd, Dayang Enterprise Holdings Bhd, Deleum Bhd, Petra Energy Bhd, and Sapura Energy Bhd had today been awarded contracts by Petronas Carigali Sdn Bhd to provide maintenance, construction and modification services at its offshore facilities in peninsular Malaysia, Sabah and Sarawak.

Petronas said the five companies will carry out engineering and maintenance services, which include topside major maintenance as well as facilities improvement projects for a five-year period from September 2017, with an option to extend an additional year.

Hovid Bhd managing director David Ho Sue San and private equity group TAEL Partners Ltd have managed to accumulate 645.23 million shares or a 78.61% stake in the company at the closing date of acceptance.

Hovid said 368.43 million shares or 44.89% of its total share capital have been received by the joint offerors up to 5pm today, bringing their shareholding to 78.61%, from 276.80 million shares or a 33.72% stake on Oct 9 last year when the offer document was despatched.

Hovid said the joint offerors received additional acceptances of 7.74 million shares or 0.94% stake after 5pm today. These acceptances are subject to verification.

Hovid Bhd managing director David Ho Sue San and private equity group TAEL Partners Ltd have managed to accumulate 645.23 million shares or a 78.61% stake in the company at the closing date of acceptance.

Hovid said 368.43 million shares or 44.89% of its total share capital have been received by the joint offerors up to 5pm today, bringing their shareholding to 78.61%, from 276.80 million shares or a 33.72% stake on Oct 9 last year when the offer document was despatched.

Hovid said the joint offerors received additional acceptances of 7.74 million shares or 0.94% stake after 5pm today. These acceptances are subject to verification.

Axiata Group Bhd has appointed Khazanah Nasional Bhd deputy managing director Tengku Datuk Seri Azmil Zahruddin Raja Abdul Aziz as non-independent non-executive director of the group, effective today.

He replaces Kenneth Shen, who served on the board as Khazanah's nominee since 2011.

Azmil joined Khazanah in 2011 as executive director of investments, managing investments in areas including innovation and technology as well as oversight for the fund’s offices in San Francisco and Khazanah Koridor Utara in Penang.

Paramount Corp Bhd is buying 41.41 acres of land in Cyberjaya for RM149.71 million to build a gated and guarded landed residential development.

The group’s wholly-owned subsidiary Paramount Property (Lakeside) Sdn Bhd is buying the freehold land from Makmur Asiamaju Sdn Bhd, which is jointly owned by Areca Holdings Sdn Bhd (70%) and Setia Haruman Sdn Bhd (30%).

The proposed acquisition is in line with the group strategy of replenishing its land bank at locations with strong growth potential.

T7 Global Bhd has formed a joint venture with a unit of China's largest construction and real estate conglomerate to bid for rail-related projects in Malaysia.

The JV — named T7 China Construction Third Engineering Sdn Bhd (T7CCTE) — will also take up other infrastructure and construction projects in the country.

The JV is 51%-owned by T7's subsidiary T7 Kemuncak Sdn Bhd and 49% by China Construction Third Engineering (M) Sdn Bhd — a unit of China Construction Third Engineering (M) Sdn Bhd, which is in turn a subsidiary of China State Construction Engineering Corp Ltd.

ACE Market-listed Guidance Note 3 (GN3) company G Neptune Bhd has cancelled its plan for a private placement exercise to raise some RM3 million to support its working capital.

G Neptune said it will not proceed with the exercise announced three years ago, and is looking into formulating a plan to regularise its financial condition.

G Neptune said this came after the company slipped into GN3 status, after it triggered ACE Market Listing Requirement GN3 Paragraph 2.1(a) and (b).

Top Glove Corp Bhd has signed a conditional share purchase agreement with Adventa Capital Pte Ltd to acquire the entire equity interest in glove manufacturer Aspion Sdn Bhd for RM1.37 billion.

Top Glove said RM1.23 billion of the purchase consideration will be satisfied with cash, funded entirely from a combination of conventional term loan and Islamic term financing.

The remainder RM137 million would be via the issuance of some 20.51 million new Top Glove shares at about RM6.68 apiece.

The group also plans to buy two more companies this year and is on the lookout to acquire four more companies by 2019.

This year is set to be the strongest year for AirAsia X Bhd, as co-group chief executive officer Tan Sri Tony Fernandes indicated several growth strategies of the group in a series of tweets earlier.

Firstly, reallocation plans for routes are in place, Fernandes said. The strategy would translate into reduction in costs. This involves transfer of more-than-four-hour-long routes from AirAsia Bhd to AirAsia X.

AirAsia X currently serves 26 destinations across Asia, Australia, New Zealand, the Middle East and the US.

In addition, the price just broke resistance of 0.245 reinforcing the bullishness in the recent price movement . Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the trader to push the price past this technical resistance level. However, there was a decrease in the traded volume in this breakout. Hence it is important to monitor the immediate price volume action to ascertain the validity of this breakout.

Glove-dipping line maker HLT Global Bhd wants to diversify into the rubber glove manufacturing business and has proposed to acquire a controlling stake in a glovemaker for RM33 million.

HLT has inked a heads of agreement with Suntel International Co Ltd, Kan Mei Yoong and Lee Sow Yin to acquire 55% in HL Rubber Industries Sdn Bhd.

The purchase is to be satisfied via the issuance of 113.79 million new HLT shares at 29 sen apiece — subject to a definitive agreement to be finalised later.

Apparel International Sdn Bhd, an indirect wholly-owned subsidiary of Amtek Holdings Bhd, has entered into an agreement with Crocodile International Sdn Bhd (CISB) for the disposal of its Crocodile brand inventory, accessories and retail fixed assets for about RM8 million.

The deal also involves the termination of the license agreement for distributing and retailing the "Crocodile" brand men's apparel and small leather goods in Malaysia.

The tentative sale consideration of RM8 million will be fully satisfied by CISB to Apparel International in cash.

The proposed disposal is expected to result in a loss on disposal of about RM2.2 million for Amtek.

Just two days ago, Uzma Bhd won three umbrella contracts from Petronas Carigali Sdn Bhd. Today, it announced another contract from Petronas Carigali to supply a 340K and 460K Hydraulic Workover Unit.

It was awarded to its wholly-owned subsidiary Uzma Engineering Sdn Bhd (UESB). The tenure of contract is three years starting from Dec 22, 2017 till Dec 21, 2020, with an extension option of one year.

The umbrella contract does not constitute a commitment for any specific work and the execution of the umbrella contract depends on work orders to be issued to UESB from time to time at Petronas Carigali's discretion. Hence, there is no form value for the umbrella contact.

Guidance Note 3 (GN3) company R&A Telecommunication Group Bhd has filed a court action against former director Francis Tan Hock Leong and six other parties.

This comes after the group lodged a police report against Tan on Dec 29, 2017 for attempting to withdraw a previous police report made by the group relating to unauthorised transactions worth RM4.2 million in April 2017.

R&A has filed a notice of application in the High Court against Tan, Nexgram Holdings Bhd, and Nexgram directors Mazru Mat Yusof, Helmi Faisal Fuad, Datuk Donald Lim Siang Chai, Fu Lit Fung and Zaharin Ahmad Zamani.

Ta Ann Holdings Bhd has proposed to acquire a 30.1% stake in Sarawak Plantation Bhd for RM169.9 million or RM2 a share.

The acquisition of the stake from Cermat Ceria Sdn Bhd is in line with its plan to further expand its oil palm plantation business and gain larger market access in Sarawak.

The number of passengers passing through the 39 airports Malaysia Airports Holdings Bhd (MAHB) manages in the country rose by 1.2% year-on-year (y-o-y) in December 2017.

A total of 8.99 million people travelled through the airports in Malaysia in December 2017, up from 8.89 million a year ago.

MAHB said international traffic rose 10% y-o-y to 4.82 million passengers, while domestic traffic fell 7.5% y-o-y to 4.17 million passengers.

My E.G. Services Bhd (MyEG) has been granted approval by Bank Negara Malaysia to issue electronic money via its iPayEasy e-wallet.

MyEG said its sub-subsidiary MY E.G. Alternative Payment Services Sdn Bhd (MyEG Alternative) has received a letter of approval from the central bank allowing it to issue electronic money via its designated payment instrument, with a maximum wallet limit of RM1,500 per customer.

Tiger Synergy Bhd is planning a four-into-one (4-into-1) share consolidation, and an issuance of redeemable convertible notes to raise up to RM150 million to fund its current property development projects.

The proposed share consolidation will involve the consolidation of every four existing Tiger Synergy shares into one consolidated share.

It has also inked a conditional subscription agreement with Advance Opportunities Fund 1 (AOF1) and Advance Capital Partners Asset Management Private Ltd (the discretionary investment manager of AOF1) for the proposed notes, to be issued in three tranches to AOF1.

The redeemable convertible notes, at an interest rate of 1% per annum, will be due in 2023. The first tranche's principal amount will be RM25 million, the second RM50 million and the final will be RM75 million.

Of the gross proceeds of up to RM150 million to be raised from the proposed notes, Tiger Synergy expects some RM125.28 million to be used for its ongoing property development projects, with the remainder left for working capital and to defray expenses related to the proposals.

Tan Chong Motor Holdings Bhd has secured the rights to be the exclusive distributor, assembler and after-sales service provider of King Long products in Vietnam.

Its wholly-owned subsidiary TC Motor Vietnam Co Ltd (TCMV) entered into the exclusive distributorship agreement with Xiamen King Long United Automotive Industry Co Ltd.

The partnership with the Chinese company which specialises in the design, production and sale of various buses and coaches, will help facilitate Tan Chong’s penetration into the different bus and coach segments.

Meanwhile, apparel retailer Vertice Bhd said the MACC investigation on the Penang undersea tunnel project will not impact its progress.

It said the role of Consortium Zenith Construction Sdn Bhd — a 13.21% associate company of Vertice as the main contractor for the project will continue as previously planned.

Vertice said the financial performance of the group is also not expected to be adversely impacted by the recent reported events.

Penang-based property developer Ewein Bhd has confirmed that its group managing director Datuk Ewe Swee Kheng has been remanded by the Malaysian Anti-Corruption Commission (MACC) to facilitate and assist in the graft probe in relation to the undersea tunnel project in Penang.

The company said it does not expect the remand of the group MD to have any operational, management or financial impact on the company, as its deputy MD Chuah Poh Lim "will continue to run Ewein Group’s business as usual".

AYER Holdings Bhd, which has undergone a rebranding exercise from TAHPS Group Bhd, is in the midst of restructuring its master plan for Bukit Puchong.

The group will be looking at launching landed and non-landed properties this year, while also working on adding recreational, education and healthcare components to enhance the value of their township.

Furthermore, the next resistance level is quite far at 0.13.

This brought the price to the resistance of 0.245 where we expert a good fight between the bulls and the bears. For the upside continue, the resistance needs to be broken conclusively, preferably with high volume. The RSI indicator is giving reading in the overbrought region. While this is experted given the recent upward movement, it also give a warning that the current movement may be over-extended.

SCOMIES has been trading above its upward sloping 20-Day Moving Averange which is a good sign. Furhermore, the next resistance level is quite far at 0.175.

Base on daily chart 10 Jan D&O has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support & resistance level of D&O are 0.735 and 0.755 respectively. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% level which indicate any oversold and overbought condition respectively.

As of 9 Jan 2018, PERDANA has been on a strong downtrend as suggested by the downward sloping 20-Day and 50-Day Moving Average. With the general downward movement, the price now lies well below the resistance of 0.561.

Perdana Petroleum Bhd’s wholly-owned subsidiary Perdana Nautika Sdn Bhd has signed four time charter party agreements with its major shareholder Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary Dayang Enterprise Sdn Bhd, to supply two accommodation work barges and two anchor handling tug/supply vessels for an estimated RM41.8 million.

DIALOG has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far the support level of 2.54.

In addition, there technical level at 0.235 which may support any short- term retracement. RSI is also showing an overbought condition which may indicate some retracement may take place especially if the support level of 0.235 is broken.

CENSOF-WB has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 0.105.

AEGB has been trading above its upward sloping 20 Day Moving Average which is a good sign. The support and resistance level of AEGB are 0.225 and 0.245 respectively. Based on the indicator analysis, the counter is primed for some price weakness as indicated by the RSI being in the overbought region.

SCOMIES has been trading above its upward sloping 20-Day Moving Averange which is a good sign. In addition, there is a technical level at 0.155 which may support any short-term retracement. RSI is also showing an overbought condition which may indicate some retracement may take place especially if the support level of 0.155 is broken.

AEGB 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 0.215 reinforcing the bullishness in the recent movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher & past this resistance hence giving a higher probability of a successful breakout.

Technically, it not looking good for FPGROUP as its 20-Day Moving Averange is sloping downward & its price action is below the Moving Average line. With the general downward movement, the price now lies well below the resistence of 0.485.

The support & resistance level of SCOMIES are 0.125 & 0.175 respectively. It is oberved that MACD line of SCOMIES is above the centreline indicating some degree of strength in the price movement.