Delta, Omicron likely to overwhelm the healthcare systems in 2022, says WHO director

Limit up next Monday.

BBC News: Omicron up to 70% less likely to need hospital care

The Company is pleased to announce that its wholly-owned subsidiary, Century Software (Malaysia) Sdn Bhd has accepted a Letter of Award ("LOA") (Ref No. JANM.BPPP(S).400-10/4/39 JLD.2 SK.1(3)) on 15 December 2021 from the Accountant General's Department Malaysia for a contract named "Perolehan Pembangunan dan Pelaksanaan Sistem Terimaan Elektronik Kerajaan Persekutuan (iPAYMENT)" ("the Contract") for a total contract sum of RM 13,451,850.50 (inclusive of 6% Sales and Services Tax).

Hmm...director collecting shares.

https://www.cityam.com/coronavirus-blessing-in-the-sky-omicron-may-be-very-positive-news-for-the-world-if-new-covid-mutation-kills-off-more-lethal-delta-variant/

Closed my position. Thank you TG!!!

Delta variant is causing havoc in US with rapid rising cases. Time for gloves uptrend.

US, China and several countries are going through Covid recovery phase. Won't be long before the world succeed in our fight against Covid. Prepare for post pandemic boom.

Let's see where this is heading. Rising covid cases equates to more PCR testing. More testing required prior to reopening of schools, internal & external travelling.

QR out, sad story.

GST play.

Highly doubt TF will put his reputation & credibility at stake. Something is brewing.

Oil up or down, this counter will keep moving downwards. Come come.....0.08

Waiting at 0.08. Come to papa

Chart pattern don't work on goreng counter. Just overlay the chart from late 2015 to early 2016 where there is a sharp spike and compare that to recent surge, you'll see similar trend. History always repeat itself. Those who think this is the bottom, good luck.

Looks like this place is being dominated by an individual with mental issue. Better seek professional help and never skip your meds.

https://www.google.com/amp/s/www.nst.com.my/amp/business/2020/09/626587/ekovest-list-duke-q3-aims-raise-rm2bil

Just refer to chart pattern between (Sept 2015 - Jan 2016), overlay to current chart. History always repeat itself, go take a look and see if you spot any similarities.

As what optimusprimeXV said, it's only a "MOU", nothing substantial and it may not even materialize.

These so called large buy/sell lots is a strategic move to entice retail investors to buy or sell.

It's funny how people judge bottom based on 52 mil shares queue. Those buy/sell shares are controlled by operator, one click of a cancel button and it's gone, it's all a psychological game.

Good news from GDEX. Read announcement.

Oil price heading higher due to low inventory from US.

It's official! Though it was initially reported that the Disney-Fox deal would be finalized by late 2018, we recently got word that everything would be ironed out by mid-March, and 21st Century Fox has just announced that it has completed the distribution of all issued and outstanding shares in connection with the Disney acquisition.

Disney's acquisition of 21CF will become effective at 12:02 a.m. Eastern Time tomorrow, March 20, 2019.

Tax incentives is only temporary until hearing at high court on 30th May. Locked in my profit first, will wait for re-entry after result is out.

PN17 status.

KUALA LUMPUR (Feb 20): YKGI Holdings Bhd saw its net loss widen to RM122.97 million or 35.07 sen per share in the fourth quarter ended Dec 31, 2018 (4QFY18) — an amount that is almost three times more than its market capitalisation of RM47.34 million.

Australia's Crown Resorts stung by drop in Chinese spending, shares slide - https://www.cnbc.com/2019/02/20/australias-crown-resorts-shares-slide-after-fall-in-chinese-spending.html

Hmm....Australia casino not doing well. Let's wait for GENM QR.

More contract from Petronas??

The Madrid-based firm operates the well and holds a 45 percent stake, while Malaysia's Petronas owns 45 percent and Japan's MOECO the remaining 10 percent.

MADRID: A consortium led by Repsol has found new gas resources in Indonesia estimated at at least 2 trillion cubic feet, the Spanish oil and gas firm said on Tuesday, equivalent to around two years' worth of Spanish demand.

The discovery at the Sakakemang block in South Sumatra is among the 10 largest finds worldwide in the last 12 months, and the biggest in Indonesia for 18 years, Repsol said.

Hibiscus latest QR profit up 4 times. O & G sector looking good

Scomi Group Bhd and one of its subsidiary have collectively defaulted in RM315.86 million bank facilities due to Malayan Banking Bhd (Maybank).

In a filing with Bursa Malaysia today, Scomi Group said its wholly-owned subsidiary Scomi Rail Bhd received a notice of demand from Maybank for a sum of RM201.91 million, as the latter had failed to repay the bank facilities.

Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure. After a capital reduction, the number of shares in the company will decrease by the reduction amount. While the company's market capitalization will not change as a result of such a move, the float, or number of shares outstanding and available to trade, will be reduced.

The act of capital reduction may also be enacted in response to a decline in a company's operating profits or a revenue loss that cannot be recovered from a company's expected future earnings. In some capital reductions, shareholders will receive a cash payment for shares canceled, but in most other situations, there is minimal impact on shareholders

We refer to the announcements made on 2 October 2018, 11 October 2018, 12 October 2018, 23 November 2018 and 2 January 2019 in relation to the Share Capital Reduction (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the High Court of Malaya had on 13 February 2019 granted an order confirming the Share Capital Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Companies Commission of Malaysia for the Share Capital Reduction to take effect.

The effective date of the Share Capital Reduction will be announced in due course.

This announcement is dated 13 February 2019.

https://www.klsescreener.com/v2/news/view/486038

GEORGE TOWN (Jan 17): Cities are better off investing in a BRT (bus rapid transit) system than an MRT (mass rapid transit) system, especially when budget is a concern, said an international transport systems organisation director.

“For US$1 billion (RM4.1 billion), you can build 426km of BRT corridor or 40km LRT or 14km elevated metro or 7km underground subway,” said the Institute for Transportation and Development Policy country director for Indonesia, Yoga Adiwinarto at a talk titled “The Need for Sustainable and Equitable Mobility in Cities” here yesterday.

Citing the BRT system in Jakarta, he said it cost US$1.1 billion and covers 225km, carrying 700,000 passengers per day; and the Transjakarta BRT took only 12 months to construct.

In contrast, the Jakarta MRT, slated for completion in March, requires RM1.4 billion, covers merely 16km, took 10 years’ planning and four years to build and is expected to cater for only 135,000 passengers per day.

https://www.klsescreener.com/v2/news/view/481806

Proton Holdings Bhd's indirect wholly-owned subsidiary Proton Automobiles China Ltd (PACL) has been slapped with a civil suit in China's Guangdong High People’s Court by a former Chinese partner, claiming RMB860.61 million (RM522.91 million).

PACL and another unit Perusahaan Otomobil Nasional Sdn Bhd (PONSB) were named as defendants in the civil complaint served by Goldstar Heavy Industrial Co Ltd. The two companies have to appear in court on July 9.

Buy volume increased.

This news was released 2 days ago so ain't sure still relevant.
http://www.theborneopost.com/2019/01/09/genting-msia-outdoor-theme-park-should-be-operational-by-2020/

Sapura Energy Bhd plans to obtain financing facilities from local and foreign financial institutions and/or its Austrian partner OMV Aktiengesellschaft (OMV AG) for between US$350 million (RM1.46 billion) and US$550 million (RM2.29 billion) to repay part of its debt and for working capital.

Sapura Energy said it may be required to provide corporate guarantees, undertakings and/or securities for half of the financing facilities to be obtained by SEB Upstream Sdn Bhd (SUP).

In a filing with Bursa Malaysia today, Sapura Energy said the proposed financial assistance will enable SUP — a joint venture between it and OMV — to obtain the financing facilities.

The SUP Group will use US$350 million to partially repay the amount owing by it to Sapura Energy of US$890 million (RM3.7 billion) and and the rest for working capital.

Boost Apps is also under PUC

Look at the big picture. Pictureworks

China levies anti-dumping tariffs on chemical imports from Taiwan, Malaysia, US - https://www.cnbc.com/2018/12/28/china-anti-dumping-tariffs-on-chemicals-from-taiwan-malaysia-us.html

Hitting 0.05 soon.

The Board of Directors of GENM wishes to announce that Genting Spain PLC (“GSP”) has been incorporated in Malta on 10 December 2018. Genting Malta Limited and Genting Casinos UK Limited, both indirect wholly-owned subsidiaries of GENM, hold 99.99% (59,999 ordinary shares of €1 each) and 0.01% (1 ordinary share of €1 ) in GSP respectively.

None of the Directors and/or major shareholders of the Company and/or persons connected with them is deemed interested in the aforesaid incorporation.

The aforesaid incorporation is not expected to have any effect on the net assets and earnings per share of the GENM group for the financial year ending 31 December 2018.

This announcement is dated 12 December 2018.

https://www.klsescreener.com/v2/news/view/468140

KUALA LUMPUR (Dec 11): Vortex Consolidated Bhd is taking over a mixed development project in Kajang with a gross development value (GDV) of more than RM340 million, in line with its business diversification into the property sector.

It is doing this by acquiring an 85% stake in a loss-making private property firm, Paris Dynasty Land Sdn Bhd, for a nominal cash consideration of RM100.

Voretex — formerly known as SKH Consortium Bhd — said in a filing today that Paris Dynasty owns a 2.8-acre piece of freehold land and the existing property development project, The Louvre, on the land.

The Louvre comprises 30 units of lifestyle retail shoplots and a block of 34-storey serviced apartment housing a total of 498 units, of which 56% and 17% of retail and residential units, respectively, are taken up.

Construction work commenced in March 2015 and is currently 20.2% completed.

The project's GDV is estimated at RM341.81 million while gross development costs are estimated at RM285.34 million.

Vortex said the purchase consideration was arrived at on a willing-buyer willing-seller basis, after taking into account Paris Dynasty’s accumulated losses and its cash flow management in handling the contractors, suppliers, lenders, as well as the management of slow progress in the development project.

“With the new investor’s involvement, they believe the development project could be better managed. Retaining a shareholding of 15% would also enable the vendor (Paris Dynasty) to share the expected profits from the development project in future compared to the current conditions which may not be favorable to the vendor.

“The development project would contribute positively to the future earnings of Vortex Group and improve the financial position of Vortex Group via additional revenue and earnings contribution from the development project as well as reduce Vortex Group’s dependency on the existing business,” read the filing.

Vortex said the acquisition, which is expected to be completed in the fourth quarter of its financial year ending March 31, 2019, will reduce its earnings per share by 0.16 sen.

However, it is expected to have a positive impact on the future earnings of the group once the potential benefits from the development project is materialised over the project period, it said.

Vortex proposed to diversify its business to include property development and property investment in August, to reduce reliance on its existing business in the ICT and construction sectors.

Its shares settled unchanged at nine sen at market close today, for a market capitalisation of RM54.89 million.

@badboybad, it's shown on my Kentrade platform. The tab can be configured.

Check out the IDSS volume, 6 mil.

JAKS released a bold statement. Take it with a pinch of salt.
https://www.klsescreener.com/v2/news/view/465464