ambil masa untuk menunjukkan keuntungan dengan projek2 Dalam pasukhas debgan sokongan sabri

Dana

Joe Ada tunai ~rm150 juta . kini pegangan syer pasukhas Oleh Joe hanya~20% :)

jangan ganggu Joe sapu lagi syer pasukhas

No doubt, it is one of the penny stocks that reported profit for 2 continuous quarters.

Depending on your risk appetite, this penny stock may continue to show profit and increase in sales.

Cabinet's decision, not LGE haha

Fun lah tomorrow

MMC Corp, Gamuda, Diversified Gateway Solutions, MCE Holdings and IHH Healthcare
Neily Syafiqah Eusoff
/
theedgemarkets.com

October 08, 2018 22:55 pm +08

KUALA LUMPUR (Oct 8): Based on corporate announcements and news flow today, companies in focus on Tuesday (Oct 9) may include: UEM Sunrise Bhd, T7 Global Bhd, Reach Energy Bhd, MMC Corp Bhd, Gamuda Bhd, Diversified Gateway Solutions, MCE Holdings Bhd and IHH Healthcare Bhd.

UEM Sunrise Bhd said its chief operating officer for development Datuk Roslan Ibrahim is relinquishing his role following his transfer to UEM Group Bhd.

The transfer was under the UEM Talent Mobility Programme to take up strategic assignments.


T7 Global Bhd, which is mainly involved in engineering and oil & gas, is venturing into retail clothing.

It is setting up a new wholly-owned subsidiary, T7 Solutions Sdn Bhd, to engage in the retail sale of articles of clothing, articles of fur, clothing accessories, footwear and other retail sale of new goods in specialised stores.

Reach Energy Bhd drilled its first exploration well on its Emir-Oil asset in the Kariman field, Kazakhstan on Oct 6.

The well is expected to confirm the larger extent of the hydrocarbon resource being exploited in the Kariman structure.

The expected success of this exploration well would increase the group’s 2P (proved and probable) reserves by "a significant amount".

MMC Corp Bhd said MMC Gamuda KVMRT (T) Sdn Bhd has not received any notice from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) or the Government pertaining to the termination of the Mass Rapid Transit Line 2 (MRT2) underground contract.

MMC and Gamuda Bhd each hold a 50% stake in MMC Gamuda KVMRT.

Pahang Princess Tengku Datuk Aishah Sultan Ahmad Shah has been appointed as the non-executive chairman of Diversified Gateway Solutions Bhd, effective today.

Tengku Aishah is also the independent non-executive chairperson of Insas Bhd, Inari Amerton Bhd and Mieco Chipboard Bhd. In addition to that, she is an independent non-executive director of WZ Satu Bhd.

MCE Holdings Bhd has partnered with Chinese electronic parts manufacturer Suzhou Prachtig Electronic Material Co Ltd to set up a framework for the consultation and exchange of information and technology.

The initial stage of the cooperation would focus on the localisation of automotive plastic parts and value-added processes to develop and supply the products in Malaysia and the rest of Asean.

MCE said the group and Suzhou Prachtig intend to incorporate a joint venture company for the purposes of carrying on the business of designing, developing, manufacturing and supplying of the products.

IHH Healthcare Bhd has tightened control on Acibadem Saglik Yatirimlari Holding AS after the latter’s shareholders converted their shares into equities in the Malaysia-based healthcare group.

IHH’s stake in Acibadem has been bumped up to 90% from 60% after the share conversion.

Acibadem’s founder Mehmet Ali Aydinlar and his wife Hatice Seher Aydinla converted an approximate 15% stake in the Turkish healthcare group into 262.2 million IHH shares.

Subsequently, Khazanah Nasional Bhd’s wholly-owned unit, Bagan Lalang Ventures Sdn Bhd, also converted their 15% stake in Acibadem for 262.2 million IHH shares.

Div is coming soon.

First and Final Dividend
MALAYSIAN RESOURCES CORPORATION BERHAD

EX-date 18 Jul 2018
Entitlement date 20 Jul 2018
Entitlement time 04:00 PM
Entitlement subject First and Final Dividend
Entitlement description First and Final Single Tier Dividend of 1.75 Sen Per Ordinary Share for the Financial Year Ended 31 December 2017
Period of interest payment to
Financial Year End 31 Dec 2017
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no SYMPHONY SHARE REGISTRARS SDN BHD
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301Petaling Jaya
Tel:0378490777
Fax:0378418151
Payment date 17 Aug 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 20 Jul 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 18 Jul 2018
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator Currency
Currency Malaysian Ringgit (MYR)
Entitlement in Currency 0.0175
Par Value (if applicable)

Later another analyst will write positively :)

Different analysts, write differently :)

Date Price Target Source
21/06/2018 4.65 PUBLIC BANK
21/06/2018 3.70 KENANGA
21/06/2018 3.50 Affin Hwang Capital


Fitch revises outlook on Telekom Malaysia to negative
CORPORATE NEWS
Monday, 25 Jun 2018

4:34 PM MYT

I think, a merger between TM and axiata could become a reality soon in order to compete, cost savings, synergy, etc . Any announcement on this merger will drive the price up :)

http://m.thesundaily.my/news/2018/01/03/telco-sector-neutral-tm-and-axiata-merger-still-likely

Net assets per share (NAV) RM1.73. closing price = 55.5sen.... less than 1/3 of NAV. Also, pay dividend between 2.5 and 3 sen yearly. can accumulate a bit :)

based on the 2.5% or 2.5sen for div, div yield is above 4%... :)

div is consistent yearly :)

31-Oct-2017 29-Nov-2017 DIVIDEND First and Final Dividend RM 0.025 Dividend Detail
27-Oct-2016 29-Nov-2016 DIVIDEND First and Final Dividend 2.5% Dividend Detail
29-Oct-2015 29-Dec-2015 DIVIDEND First and Final Dividend 3.0000% Dividend Detail
28-Oct-2014 29-Dec-2014 DIVIDEND First and Final Dividend 3% Dividend Detail
30-Oct-2013 27-Dec-2013 DIVIDEND First and Final Dividend 2.5% Dividend Detail
31-Oct-2012 26-Dec-2012 DIVIDEND First and Final Dividend 2.5% Dividend Detail
01-Nov-2011 28-Dec-2011 DIVIDEND Final Dividend 2% Dividend Detail
27-May-2011 08-Jun-2011 RIGHTS_ISSUE Rights Issue 2 : 5 Dividend Detail
30-Dec-2010 29-Dec-2010 DIVIDEND Final Dividend 1.5% Dividend Detail
20-Nov-2007 11-Dec-2007 DIVIDEND First and Final Dividend 1% Dividend Detail
20-Nov-2003 10-Feb-2004 DIVIDEND Final Dividend RM 0.1 Dividend Detail
23-Nov-2002 13-Feb-2003 DIVIDEND Final Dividend RM 0.035 Dividend Detail
25-Feb-2002 22-Feb-2002 OTHERS Others 1 : 2 Dividend Detail
20-Feb-2002 19-Feb-2002 BONUS_ISSUE Bonus Issue

fgv will improve ... corruption tackled, etc :)

https://www.nst.com.my/news/crime-courts/2018/06/377875/ex-felda-officers-sentenced-jail-rm476m-cbt

after GE14, share buyback non-stop :)

07-Jun-2018 07-Jun-2018 Buyback 100,000 0.625 0.635 View Detail
06-Jun-2018 06-Jun-2018 Buyback 230,000 0.610 0.635 View Detail
05-Jun-2018 05-Jun-2018 Buyback 50,000 0.600 0.610 View Detail
04-Jun-2018 04-Jun-2018 Buyback 100,000 0.605 0.610 View Detail
23-May-2018 23-May-2018 Buyback 85,600 0.590 0.600 View Detail
22-May-2018 22-May-2018 Buyback 138,100 0.600 0.615 View Detail
21-May-2018 23-May-2018 Buyback 423,700 0.590 0.635 View Detail
21-May-2018 21-May-2018 Buyback 200,000 0.630 0.635 View Detail
18-May-2018 18-May-2018 Buyback 199,400 0.630 0.640 View Detail
17-May-2018 17-May-2018 Buyback 300,000 0.625 0.640 View Detail
15-May-2018 18-May-2018 Buyback 699,400 0.605 0.640 View Detail
15-May-2018 15-May-2018 Buyback 200,000 0.605 0.620

Acquring the shares pre and post GE14, must be very good. :)


MALTON CORPORATION SDN BHD 30-May-2018 Acquired 420,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 30-May-2018 Acquired 420,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 30-May-2018 Acquired 420,000 0.000 View Detail
MALTON CORPORATION SDN BHD 28-May-2018 Acquired 500,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 28-May-2018 Acquired 500,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 28-May-2018 Acquired 500,000 0.000 View Detail
MALTON CORPORATION SDN BHD 24-May-2018 Acquired 3,100,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 24-May-2018 Acquired 3,100,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 24-May-2018 Acquired 3,100,000 0.000 View Detail
MALTON CORPORATION SDN BHD 23-May-2018 Acquired 2,180,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 23-May-2018 Acquired 2,180,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 23-May-2018 Acquired 2,180,000 0.000 View Detail
MALTON CORPORATION SDN BHD 20-Apr-2018 Acquired 300,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 20-Apr-2018 Acquired 300,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 20-Apr-2018 Acquired 300,000 0.000 View Detail
MALTON CORPORATION SDN BHD 18-Apr-2018 Acquired 530,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 18-Apr-2018 Acquired 530,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 18-Apr-2018 Acquired 530,000 0.000 View Detail
MALTON CORPORATION SDN BHD 17-Apr-2018 Acquired 100,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 17-Apr-2018 Acquired 100,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 17-Apr-2018 Acquired 100,000 0.000 View Detail
MALTON CORPORATION SDN BHD 11-Apr-2018 Acquired 30,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 11-Apr-2018 Acquired 30,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 11-Apr-2018 Acquired 30,000 0.000 View Detail
MALTON CORPORATION SDN BHD 09-Apr-2018 Acquired 630,000 0.000 View Detail
Previous1

When the local big funds started disposing the shares recently, the company seems highly risky :)

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 25-May-2018 Notice of Person Ceasing 15,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 24-May-2018 Disposed 12,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 23-May-2018 Disposed 8,944,700 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 22-May-2018 Disposed 10,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 21-May-2018 Disposed 1,121,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 21-May-2018 Notice of Person Ceasing 2,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 21-May-2018 Disposed 10,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-May-2018 Disposed 10,000,000 0.000

analyst valued it at RM1. Now, already close to 80sen.... With the political risk exposure, will only consider if 70sen or below. lowest price level was 68.5sen recently.. :)

Naga Corp and Karambunai have synergy, the customers can be rewarded by giving them free rooms, etc at karambunai resorts but Naga Corp will pay Karambunai ... reward and royalty program.

A very promising company. :)

hopefully it becomes a reality few months down the road :)

Kenanga in talks to buy Interpac
CORPORATE NEWS
Tuesday, 22 May 2018

By Izwan Idris


It will result in one of the largest stockbrokers in Malaysia

PETALING JAYA: Kenanga Investment Bank Bhd has begun talks to acquire the stockbroking business of Inter-Pacific Securities Sdn Bhd in a move that would create one of the largest stockbrokers in the country.

Kenanga Investment hopes to close the deal within six months.

“The potential acquisition would further strengthen Kenanga Investment’s leading position in the retail broking space to become the top-two largest stockbrokers in Malaysia, with a combined market share of over 10% and retail market share of about 25%,” group managing director Datuk Chay Wai Leong said in a statement yesterday.

The firm, in a separate filing with Bursa Malaysia yesterday, said Bank Negara, in a letter dated May 16, stated that it had no objection to Kenanga Investment commencing negotiations with Inter-Pacific Securities to acquire its stockbroking business-related assets, liabilities and contractual arrangements.


“The proposed acquisition will be financed by shares of Kenanga Investment and cash,” it said.

No details on the value of the deal were made available in the announcement yesterday.

“We will make further announcements as and when there are material developments pertaining to the proposed acquisition,” it added.

Kenanga Investment, founded in 1973, offers a wide range of financial services. It operates through 32 branches nationwide and boasts of the largest remisier network in the country.

Inter-Pacific Securities, meanwhile, was established in 1972 and has five branches across Kuala Lumpur, Penang and Johor Baru and a paid-up capital of RM250mil.

“Inter-Pacific Securities is a reputable and well-established independent stockbroking company, with a robust track record and strong retail focus,” Chay said.

“We are looking forward to a smooth and fruitful negotiation process, and aim to conclude within the next six months,” Chay added.

Kenanga Investment made a pre-tax profit of RM23.6mil on revenue of RM182mil in the first quarter ended March 31, 2018.

The increase was mainly due to bad debt recovery from a court case settlement and higher net brokerage and management fees income generated, the company said last week.

Its stockbroking business generated a pre-tax profit of RM11.8mil, while its investment banking activities contributed RM2.7mil.

The group said last week that it expects to perform “better” this year amid a buoyant outlook for the stock market for the rest of the year.

The daily trading value of shares on Bursa Malaysia averaged around RM4.9bil in the first quarter.

In a related development, digital equites trader Rakuten Trade Sdn Bhd announced that it has over 12,000 clients, of which over 40% were first-timers to the equity broking market in Malaysia.

Rakuten Trade managing director Kaoru Arai said almost 80% of its clients are below the age of 40 and most of them are active traders.

“The company’s growth was also due to the support received from both Kenanga Investment Bank Bhd, Rakuten Securities Inc, local regulators, business partners and Rakuten Trade employees,” he said in a statement.

Rakuten Trade is a joint venture between Japan’s Rakuten Securities Inc and Kenanga Investment.

Moving forward, Rakuten Securities president Yuji Kusunoki and Arai announced that the platform would soon launch a contra trading facility as its second product, which would complement the existing cash upfront facility.

Rakuten Trade also attributed its client appeal on its Rewards Eco System, the first of its kind in Malaysia, which offered access to three of the country’s biggest loyalty points providers, AirAsia BIG, B Infinite (part of Berjaya Group) and BonusLink, under one platform.

Hopefully, buyback more and more :)

Friday, 1 Jun 2018

5:58PM HOHUP DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:55PM HOHUP BOEY TAK KONG (51,100 units Acquired)




Tuesday, 17 Apr 2018

5:41PM HOHUP DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)



Monday, 12 Mar 2018

6:04PM HOHUP TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)

6:00PM HOHUP DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:58PM HOHUP BOEY TAK KONG (300,000 units Acquired)

if the new govt revamps, etc the tv programs, people might spend less on astro services like the new minister commented to increase internet speed and lower the price. we never know what the new govt will do for tv programs :)

52 week range, fell from 84.5sen to 41sen now. good2grab some shares :)

if ho hup starts to pay dividend, the share price will improve more speedily :)

still no action to resolve the public shareholding spread issue. wonder how long bursa malaysia allow the company to delay? :)

After the disposal of OIC previously, this company is much more steady, etc now :)

The company said the proposed disposal of OIC is an opportunity for it to monetise its investment upfront at a healthy premium over the current market price.

It will also reduce its gross gearing from 0.8 times (post drawdown of sukuk of RM300 million in April 2017) to 0.4 times and provide the opportunity to sustain dividend payout to its shareholders in the future. Part of the proceeds will be used to repay loans taken for the acquisition of Asia Integrated Facility Solutions Pte Ltd, which was completed on Dec 15, 2016.

fruitful now based on the Q1 net profit, :)

By NST Business - March 8, 2018 @ 7:09pm
KUALA LUMPUR: Rakuten Trade Sdn Bhd, a joint venture company (JVC) of Kenanga Investment Bank Bhd and Japan’s Rakuten Securities Inc. (Rakuten Sec), was named FinTech Company of the Year at the recently held Malaysia FinTech Awards 2018.

Rakuten Trade is Malaysia’s first completely online equity broker and extends trading services including the iSPEED.my app, a localised version of Japan’s leading mobile app developed by Rakuten Sec.


Its web and mobile based trading services offer clients a fully digital trading experience from account opening, execution, settlement of trade, research and trading ideas as well as rewards and financial knowledge.

“Rakuten Trade is the result of the first overseas collaboration for Rakuten Securities. Having opened its doors to Malaysians in May last year, Rakuten Trade has since grown in leaps and bounds in under a year.

"It has exceeded our expectations and is striving to continuously excel,” said Rakuten Sec president Yuji Kusunoki of the win.

The award was presented to Rakuten Trade in recognition of being a FinTech company that had successfully seized a real opportunity to change the industry, satisfied a real market need through its unique value propositions, found a balance between cost and benefits and was able to extend its products and services to successfully reach the marketplace.

Almost 90 companies were nominated for the Malaysia Fintech Awards 2018 out of which 43 were shortlisted in 13 categories.

Rakuten Trade holds a Capital Markets Services License from the Securities Commission that enables it to deal in listed securities and provide investment advice.

partnership with rakuten bears fruits :)

1Q net profit increased by 700%+ and share buyback continues, share price should rise further :)

buyback more undervalued share and distribute the treasury shares to the shareholders later like other listed companies. Profit is also rising rapidly. :)

Wednesday, 16 May 2018

6:28PM KENANGA 1Q net profit 15.436 million (increased 703.12%)

Has the share price taken into account this material litigation case? :)

MATERIAL LITIGATION
Johor Bahru High Court Summons No. JA-21NCVC-8-03/2018
On 12 April 2018, a subsidiary of the Company, namely Tebrau Bay Constructions Sdn
Bhd (“TBCSB”) was served with a Writ of Summon and Statement of Claim dated 15
March 2018 from the Inland Revenue Board of Malaysia (“IRB”) claiming for the
additional income taxes and tax penalties (“Additional Assessments”) amounted to
RM32.23 million, together with interests and other costs.
The Additional Assessments raised by IRB was in respect of years of assessment 2010,
2012 and 2014. TBCSB did not receive the notices of assessment dated 16 August 2017
but was notified via email on 24 January 2018.
TBCSB had engaged a solicitor to handle this matter and will continue to make the
necessary appeals to IRB against the Additional Assessments.

Has the share price taken into account this material litigation case as per the recent Q1, 2018 quarterly report? :)

MATERIAL LITIGATION
Johor Bahru High Court Summons No. JA-21NCVC-8-03/2018
On 12 April 2018, a subsidiary of the Company, namely Tebrau Bay Constructions Sdn
Bhd (“TBCSB”) was served with a Writ of Summon and Statement of Claim dated 15
March 2018 from the Inland Revenue Board of Malaysia (“IRB”) claiming for the
additional income taxes and tax penalties (“Additional Assessments”) amounted to
RM32.23 million, together with interests and other costs.
The Additional Assessments raised by IRB was in respect of years of assessment 2010,
2012 and 2014. TBCSB did not receive the notices of assessment dated 16 August 2017
but was notified via email on 24 January 2018.
TBCSB had engaged a solicitor to handle this matter and will continue to make the
necessary appeals to IRB against the Additional Assessments.

Salute EPF for selling the shares before the confirmation :)

05-Jun-2018 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF") (a substantial shareholder) disposed 767,900 shares on 30-May-2018.
04-Jun-2018 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF") (a substantial shareholder) disposed 1,200,000 shares on 25-May-2018.

The Board of ASTRO wishes to clarify that as far as the Company is aware, after due enquiry, it has not received confirmation of any privatisation proposal.

This announcement is dated 6 June 2018.

What a huge profit for those who spread the false news! from 1.3+ to 1.8+ within a few days. Today, the share price will drop? :)

The Board of ASTRO wishes to clarify that as far as the Company is aware, after due enquiry, it has not received confirmation of any privatisation proposal.

This announcement is dated 6 June 2018.

EPF is selling, time to follow EPF... :)


05-Jun-2018 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF") (a substantial shareholder) disposed 767,900 shares on 30-May-2018.
04-Jun-2018 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF") (a substantial shareholder) disposed 1,200,000 shares on 25-May-2018.

hopefully, very soon :)

Asked about possibility of paying dividends soon, Wong said nothing has been finalised so far, but it is the board’s intention to make distribution, once the group’s cash flow turns stronger.

“We are trying our best, we need to address it very soon. If the cash flow is strong, it is our intention to return and reward the shareholders. It is definitely on our mind and we want to start around two to three sen, but again, nothing is carved in stone yet,” he said.

Don't miss this opportunity, continuous share buyback after GE14, undervalued? :)

06 Jun 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back

05 Jun 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back

04 Jun 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back


23 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back

22 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back

21 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back

21 May 2018 KENANGA INVESTMENT BANK BERHAD OTHERS
Proposed acquisition of the identified stockbroking business-related assets, liabilities and contractual arrangements of Inter-Pacific Securities Sdn Bhd ("Interpac Securities") ("Proposed Acquisition")

18 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back

17 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back


15 May 2018 KENANGA INVESTMENT BANK BERHAD Immediate Announcement on Shares Buy Back

The share countinues to rise, the ESOS will be valuable soon. ESOS is worthless unless above 63sen. :)


OTHERS Kenanga Investment Bank Berhad ("KIBB") - Offer of Options under the Employees' Shares Option Scheme of KIBB

KENANGA INVESTMENT BANK BERHAD


Type Announcement
Subject OTHERS

Description Kenanga Investment Bank Berhad ("KIBB")
- Offer of Options under the Employees' Shares Option Scheme of KIBB




Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KIBB wishes to announce that KIBB has made an offer of options under the Employees’ Share Option Scheme (“ESOS”) to the Group Managing Director of KIBB, Datuk Chay Wai Leong, to subscribe for new ordinary shares in KIBB under the ESOS. The details of such offer are as follows:

No. Description Date / Amount
1. Date of Offer of Options 31 May 2018
2. Exercise Price of Options Offered RM0.630
3. Number of Options Offered 10,000,000
4. Closing Market Price of the Shares on the Date of Offer RM0.595
5. Vesting Period of the Options Offered Annual vesting from 2019 to 2021

This announcement is dated 31 May 2018.

ESOS is worthless unless above 63sen. :)


OTHERS Kenanga Investment Bank Berhad ("KIBB") - Offer of Options under the Employees' Shares Option Scheme of KIBB

KENANGA INVESTMENT BANK BERHAD


Type Announcement
Subject OTHERS

Description Kenanga Investment Bank Berhad ("KIBB")
- Offer of Options under the Employees' Shares Option Scheme of KIBB




Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KIBB wishes to announce that KIBB has made an offer of options under the Employees’ Share Option Scheme (“ESOS”) to the Group Managing Director of KIBB, Datuk Chay Wai Leong, to subscribe for new ordinary shares in KIBB under the ESOS. The details of such offer are as follows:

No. Description Date / Amount
1. Date of Offer of Options 31 May 2018
2. Exercise Price of Options Offered RM0.630
3. Number of Options Offered 10,000,000
4. Closing Market Price of the Shares on the Date of Offer RM0.595
5. Vesting Period of the Options Offered Annual vesting from 2019 to 2021

This announcement is dated 31 May 2018.

ho hup, its share price will move up later this year? :)


Ho Hup expects a ‘fantastic’ FY18


Chester Tay

theedgemarkets.com

May 19, 2017 16:01 pm +08


KUALA LUMPUR (May 19): Ho Hup Construction Co Bhd is expecting to post a set of ‘fantastic’ results for its financial year ending Dec 31, 2018 (FY18), driven by sales from projects it will be launching at the end of this year, and receivables anticipated from its joint development with Malton Bhd.

“We are starting to get a bit more bullish on our property side; next year will be a fantastic year for us. This year, we are launching three projects, [totaling] about RM1.6 billion gross development value (GDV),” Ho Hup chief executive Datuk Derek Wong Kit Leong told reporters, after the group's annual general meeting today.

“We expect the first two quarters to be a bit quiet, [but from] the third quarter [onwards], we will be launching our final phase in Bukit Jalil, [which will have a] GDV of about RM500 million. We are also launching our Kota Kinabalu, Sabah project, [which carries a] GDV of about RM800 million, and our Kulai project (around RM300 million GDV). [That's] all happening in the third and fourth quarter this year,” he said.

At present, Ho Hup’s property development business has unbilled sales of about RM142 million, and management is targeting to achieve sales of around RM100 million for FY17, which is similar to what it achieved in FY16, said Wong.

“It [the flat sales growth forecast for FY17] is also because of timing. Our Bukit Jalil project is coming to its tail end, and we are only launching new projects in the second half of the year. Our joint development with Malton is still on-going, and next year, we will recognise more sales from there,” he said.

Last year, Wong was quoted by The Edge Malaysia Weekly in its Dec 12-18 issue as saying the integrated development it is undertaking with Malton in Bukit Jalil will be able to generate RM372 million in the next four to five years, which averages about RM75 million a year.

Under the joint-development deal, Malton will bear the entire development cost, while Ho Hup provides the land and is entitled to 18% of the estimated GDV of RM3.4 billion. The project comprises a shopping complex, shop offices, office tower, service apartments and a hotel.

Today, Wong said the parking lots for these buildings have been completed and that Malton is progressing towards building the structure. “The parking lot is completed, now they are building the structure, that is where all the billings will be recognised,” he said.

Ho Hup’s property development business contributed over 50% of its total revenue, while the remaining were derived from the construction (25%) and building materials (25%) divisions.

Wong said Ho Hup’s construction order book now amounted to RM454 million, which will keep it busy for the next three years.

“We think we can get another RM300 million to RM400 million worth of jobs this year. Our tender book is about RM4 billion right now, so 10% is no issue, they are mainly government-related projects,” he said.

“Our building materials business, ready-mixed segment, is down about 20% to 30% last year, but still profitable. Our quarry segment is looking very interesting now, because we are close to Melaka Gateway and the Southern portion of the double tracking rail electrification project as well,” he added.

Therefore, Wong expect the quarry division to perform "very well" going forward, driven by these government-initiated infrastructure projects.

Asked about possibility of paying dividends soon, Wong said nothing has been finalised so far, but it is the board’s intention to make distribution, once the group’s cash flow turns stronger.

“We are trying our best, we need to address it very soon. If the cash flow is strong, it is our intention to return and reward the shareholders. It is definitely on our mind and we want to start around two to three sen, but again, nothing is carved in stone yet,” he said.

For FY16, Ho Hup’s cash coffer (including fixed deposits) slid 0.87% to RM27.27 million, from RM27.51 million in FY15.

As at 3:01pm, Ho Hup’s share price gained six sen or 7.06% to 91 sen, giving it a market capitalisation of RM335.51 million.

:)


Ho Hup Construction Bhd will unveil property projects worth RM1.70 bln in 2018 after holding off new launches in the past few years. The group currently has a tender book of RM2.00 bln and an order book of RM400.0 mln comprising all government-related jobs over three years duration. (The Edge Daily)

Source: Mplus Research - 21 May 2018

Lembaga tabung haji continues to accumulate the counter before and after election... something good or undervalued greatly? :)

Wednesday, 23 May 2018

5:56PM EDGENTA 1Q net profit 30.503 million (increased 1.29%)


Tuesday, 22 May 2018

5:39PM EDGENTA LEMBAGA TABUNG HAJI (250,000 units Acquired)


Monday, 14 May 2018

5:22PM EDGENTA LEMBAGA TABUNG HAJI (500,000 units Acquired)

7:00AM EDGENTA General Meetings: Outcome of Meeting


Tuesday, 8 May 2018

6:22PM EDGENTA OTHERS


Wednesday, 2 May 2018

5:26PM EDGENTA LEMBAGA TABUNG HAJI (10,000 units Acquired)


Monday, 30 Apr 2018

5:39PM EDGENTA LEMBAGA TABUNG HAJI (59,500 units Acquired)


Friday, 27 Apr 2018

5:09PM EDGENTA LEMBAGA TABUNG HAJI (349,300 units Acquired)


Thursday, 26 Apr 2018

6:00PM EDGENTA OTHERS

5:59PM EDGENTA LEMBAGA TABUNG HAJI (25,600 units Acquired)


Wednesday, 25 Apr 2018

5:38PM EDGENTA LEMBAGA TABUNG HAJI (70,200 units Acquired)


Tuesday, 24 Apr 2018

6:26PM EDGENTA LEMBAGA TABUNG HAJI (477,900 units Acquired)


Monday, 23 Apr 2018

6:01PM EDGENTA LEMBAGA TABUNG HAJI (4,600 units Acquired)


Friday, 20 Apr 2018

5:42PM EDGENTA LEMBAGA TABUNG HAJI (500,000 units Acquired)


Wednesday, 18 Apr 2018

6:16PM EDGENTA LEMBAGA TABUNG HAJI (57,600 units Acquired)


Tuesday, 17 Apr 2018

5:22PM EDGENTA LEMBAGA TABUNG HAJI (209,300 units Acquired)


Monday, 16 Apr 2018

5:26PM EDGENTA LEMBAGA TABUNG HAJI (302,500 units Acquired)


Friday, 13 Apr 2018

5:45PM EDGENTA LEMBAGA TABUNG HAJI (147,600 units Acquired)


Thursday, 12 Apr 2018

6:02PM EDGENTA DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

6:01PM EDGENTA LEMBAGA TABUNG HAJI (200,000 units Acquired)

5:59PM EDGENTA AZMIR MERICAN BIN AZMI MERICAN (30,000 units Acquired)


Tuesday, 10 Apr 2018

6:30PM EDGENTA General Meetings: Notice of Meeting

6:15PM EDGENTA LEMBAGA TABUNG HAJI (349,400 units Acquired)


Monday, 9 Apr 2018

6:06PM EDGENTA DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

6:03PM EDGENTA LEMBAGA TABUNG HAJI (44,200 units Acquired)


Friday, 6 Apr 2018

6:50PM EDGENTA LEMBAGA TABUNG HAJI (250,000 units Acquired)

6:28PM EDGENTA TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)

6:08PM EDGENTA DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

6:08PM EDGENTA AMIR HAMZAH BIN AZIZAN (25,000 units Acquired)

Seem good to buy, EPF started buying again? :)

EMPLOYEES PROVIDENT FUND BOARD 31-May-2018 Acquired 6,000,000
EMPLOYEES PROVIDENT FUND BOARD 30-May-2018 Acquired 1,000,000
EMPLOYEES PROVIDENT FUND BOARD 28-May-2018 Acquired 482,200

the price is moving upward?

Sime Darby Property - Within Expectations
Date: 25/05/2018

Source : PUBLIC BANK
Stock : SIMEPROP Price Target : 1.90 | Price Call : BUY
Last Price : 1.26 | Upside/Downside : +0.64 (50.79%)



Sime Darby Property’s (SDPR) 3QFY18 net profit came in at RM33.7m (>100% YoY, -75.6% QoQ) which was within our but above consensus expectations. YTD, the Group’s net profit of RM593.4m constituted 77% and 90%% of our and consensus estimates. During the third quarter, property profit was lifted by disposal gain of RM84.4m, which was offset by RM13.2m reversal of gain on compulsory land acquisition recognized in prior year. YTD profits were mainly driven by gains in disposal of Malaysia Land Development Company Berhad and the 40% stake in Seriemas Development Sdn Bhd, amounting to RM39.6m and RM278.2m respectively. Excluding the land disposal gains, property profit YTD rose 118.7% due to higher sales at Elmina West, Elmina East, Serenia City, Taman Melawati and Serenia Cove. Maintain Outperform recommendation, with TP of RM1.90, pegged at c.40% discount to our RNAV estimates.

Sold RM1.3bn in 9MFY18. For the nine months, the Group launched a total of 3,558 units with combined GDV of RM2.3bn, mainly from its flagship development in the City of Elmina, Bandar Bukit Raja and Subang Jaya. Total sales secured were RM1.3bn, mainly from City of Elmina and Bukit Raja which collectively generated RM756m or 60% of total sales. Unbilled sales as at 3QFY18 were RM1.5bn. In 4QFY18, it has plans to launch a total of 709 units which includes 337 units of mid-range properties in Elmina West which has combined GDV of RM632m.
Other divisions. Property investment was profitable in 3QFY18 due to gain on disposal of an investment asset in the United Kingdom. The property investment division netted RM6m profit as compared to RM3.5m loss a quarter ago.
Source: PublicInvest Research - 25 May 2018

uems is a regional player today :)

UEM Land-Sunrise merger allows Sunrise to be part of potential regional player, says Tong
The Editor
TheEdge

November 04, 2010 13:09 pm +08

KUALA LUMPUR: The proposed acquisition of Sunrise Bhd by UEM Land Holdings Bhd will enable Sunrise to realise its value over a shorter period of time while allowing it to be part of a potential regional player, said Sunrise executive chairman Datuk Tong Kooi Ong.

"The acquisition will substantially enhance the capital structure and allows Sunrise to generate more sustainable earnings with possibility of new businesses," said Tong during a press conference following the announcement of the proposed acquisition on Thursday, Nov 4.

He cited Singapore-based CapitaLand Ltd, one of Asia's largest real estate companies, as an example of a successful merger that took two local players to the global stage. DBS Land and Pidemco Land merged in 2000 to form CapitaLand Ltd.

"Realistically, for me alone to try to turn Sunrise into a global player like CapitaLand would take the rest of my life. This way, it allows Sunrise to be part of a company that can compete regionally and globally," said Tong.

UEM Land had announced the proposed a conditional voluntary general offer to acquire Sunrise at RM2.80 per share or about RM1.39 billion on Thursday morning. The merged entity will have a landbank of about 12,000 acres and a combined asset base of about RM5 billion.

Tong along with Datuk Allan Lim Kim Huat and Tan Sri Tan Chee Sing have given their irrevocable undertakings to accept the offer in respect of their stakes totaling 40.3% in Sunrise.

"This is an indication by us to the shareholders and the public that we believe in the potential of this deal and that it makes sense," said Tong.

He acknowledged that the question of business "culture clashes" was foremost in his mind when the offer was first made, and stressed that it was crucial to the success of the new entity to retain the talents of both companies.

"What we will try to do is not to force a merger and allow the employees in the two companies to work parallel to one another. Over time and with more interaction, both parties will feel more comfortable. Hopefully, this will diffuse a lot of potential human issues that may arise," he added.

Also present at the press conference called by UEM Land were UEM Group Bhd group managing director and chief executive officer Datuk Izzaddin Idris and UEM Land managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim.

Izzaddin said that one of the driving factors for the acquisition is the talent theat Sunrise possesses. "We have to give recognition to Sunrise's employees for all they have achieved. We see universal values in both companies such as quality service and products. There are bound to be noises along the way but we think we can keep that minimal," he said.

Meanwhile, Wan Abdullah said the acquisition will allow UEM Land to participate in Sunrise's development in the Klang Valley, including in Mont Kiara, in the KLCC area and in Shah Alam. Sunrise, on the other hand, will be able to partake in UEM Land's developments in Nusajaya in Iskandar Malaysia, Johor.

"We are basically a township developer, and Sunrise has the expertise and proven track record in high-rises and integrated developments, so both companies will complement each other," said Wan Abdullah.

If the offer is successful, UEM Land will retain the Sunrise brand and its employees. Tong will remain as chairman of Sunrise, while Wan Abdullah will assume the position of managing director of Sunrise. Izzaddin will be appointed to the board of Sunrise.

Tong will also be named a director of UEM Land, and chair the Development Committee of both UEM Land and Sunrise.

The offer price of RM2.80 per share represents a premium of 30.4% to the one month volume weighted average price of Sunrise shares up to Nov 2, after taking into consideration the interim dividend of RM0.20 per share announced by Sunrise on Nov 3.

The proposed acquisition will be undertaken via a conditional voluntary general offer and as part of the terms, shareholders of Sunrise can elect to receive either 1.33 new UEM Land ordinary shares of RM0.50 each at RM2.10 per share, or 2.8 redeemable convertible preference shares (RCPS) at an issue price of RM1.00 per RCPS.

The RCPS are convertible into UEM Land shares at RM2.30 per share at anytime during the tenure of the RCPS, and are redeemable at 100% of their issue price only at maturity.

The offer is conditional upon UEM Land receiving acceptance of more than 50% of Sunrise shares from its shareholders. Upon successful completion of the offer, UEM Land will seek to delist Sunrise should it not have the requisite public shareholding spread to maintain its listing status on Bursa Malaysia.

The exercise is expected to be completed in the first quarter of 2011.

if u can sleep well buying this counter, go ahead, good luck :)

there are so many stocks, avoid stocks with so much uncertainty pertaining to the services offered by the company... high political risk :)

Quite recent news, Ekovest's cash flow.... = cash rich? , won't go bust, right? :)

The rationale for the exercise was to match IWC’s land bank with Ekovest’s cash flow. It was part of Lim’s plan to list Iskandar Waterfront Holdings Bhd in the future.

Lim and parties acting in concert held just above 50% in Ekovest and did not vote in the deal, which was mainly left to the minorities of the company to decide. The Employees Provident Fund (EPF) and insurance company, AIA, are among the larger institutional shareholders in Ekovest.

In the circular to shareholders, Ekovest was valued at between RM3.86 to RM4.08 per share while IWC’s fair value was at RM3.06 per share.

Read more at https://www.thestar.com.my/business/business-news/2018/03/29/ekovest-fails-to-get-shareholders-nod-for-iwc-takeover/#WFfLL73eI0erW0W0.99