Is DRBHCOM still syariah compliance?

Everyone waiting for 4th quarter results. Expected to be in red.

Calvin, why DRBHCOM is missing in your list?

http://tefd.theedgemarkets.com/2017/TEP/20170529njy1be.pdf

ConnectCounty expects to benefit from vertical integration - The Edge online

National car maker eyes SUV market under partnership

Read more at http://www.thestar.com.my/business/business-news/2017/05/27/national-car-maker-eyes-suv-market-under-partnership/#mFBCY2RJuCuAs7Uu.99

The driving force behind Proton

http://www.thestar.com.my/business/business-news/2017/05/27/the-driving-force-behind-proton/

I think the 4th quarter results will still be in red but less red due to a few launches of new Proton models.

Dear experience share traders, Please help me with this question:

I don't own any ANZO mother shares at this moment. If I buy 6000 ANZO-OR (let's say at 1.5 sen per OR) and pay 20 sen to the registrar to subscribe each OR (that means RM1200), will I still entitled to 3 free warrants?

But sadly, another share I am holding (GDEX) goes the other way round. after results, EGM and ex date, it keeps on free fall.

My forecast is correct. After EGM, JHM price rally same like HAIO last time. Next Monday, after market close, ex date will be announced. Then another rally. Later, the 1 st quarter result is released, then another rally. Should ex above RM5. Cheers.

Even though net profit down 30% but at least it is not rugi.

Revenue increases but net profit drops but EPS increases. Funny results.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=V&securityCode=0102

Connect 1st quarter results. See yourself. No comment.

Big sharks performing monkey show. Purposely last 1.5 minutes key in buy Q at 0.305 (34198,00 shares).

For those who managed to buy at 30.0 sen/30.5 sen, it is a good move because it really debuts with cheap sales.

End the first day of trading shamefully with only a mere 5.5 sen premium. Closed at 30.5 sen. As a construction stock, it should perform much better.

INTA BINA - A Quality-centric Partner in Construction
Author: PublicInvest | Publish date: Mon, 15 May 2017, 09:50 AM

Inta Bina Group Bhd (IBGB) is principally involved in the construction of residential and non-residential buildings in Malaysia. The group is also involved in the provision of civil construction works that are embedded in its building construction contracts such as local infrastructure works, including road, drainage, sewerage and water reticulation works, as well as mechanical and electrical infrastructure. As a main contractor, it is involved in the day-to-day management and implementation of awarded construction projects, performing all major aspects of the construction project besides coordinating the work of all parties at the construction project sites. Going forward, IBGB intends to tender for more building construction projects of higher contract values, besides seeking opportunities to work with more government-linked property developers in Malaysia. The affordable housing segment is also another avenue of growth being targeted. We see healthy order book replenishments of c.RM300-400m per year for the next two years. Our fair value is RM0.32 based on an 11x PE multiple to its FY18 EPS of 2.9sen. The IPO is expected to raise approximately RM26.8m from the issuance of 107.1m new shares, with c.18.7% of the proceeds to be utilized as capital expenditure, purchasing machineries and equipment for business expansion.

Key growth drivers. IBGB’s growth will be underpinned by i) government-led initiatives and spending, ii) favorable interest rate environment, iii) sustained economic growth boosting investment in properties and iv) steady population growth, sustaining the real estate construction industry’s 4.9% CAGR from 2017 to 2021.
Competitive strengths. IBGB’s strengths bank on its i) established track record, with participation in more than 110 building construction projects of various sizes, building types and contract values since 1988, ii) commitment to quality, with ISO 9001:2008 certification and decent performance in CONQUAS, QLASSIC and SHASSIC assessments, iii) established relationship with clients, which enables the group to draw in new business opportunities either through recurring business or recommendations from other prospective clients, and iv) adoption of IBS construction, with utilization of aluminium system formwork that is suitable for mass construction of buildings with repetitive design.
Key risks. Key downside risks, among others, include (i) competition in the construction industry which is especially keen, with all players fighting each other on pricing, availability of financial and manpower resources, technical expertise, operating track record and quality of workmanship, potentially leading to margin erosions, (ii) dependency on foreign workers. iii) dependency on certain major clients, with potential non performances by these clients possibly affecting the company adversely.
Company Overview
Inta Bina Group Bhd (IBGB) was incorporated in Malaysia on 11 March 2015 as a public limited company. It then completed the acquisition of Inta Bina Sdn Bhd (IBSB) on 17 March 2017 pursuant to its listing exercise. IBSB has been in the business of securing and carrying out construction contracts in 1988. As a building contractor, IBGB is principally involved in the construction of residential and non-residential buildings, solely in Malaysia. Residential buildings include bungalows, cluster houses, terrace houses, semi-detached houses, town villas, condominiums and apartments. Meanwhile, non-residential buildings encompass commercial buildings (e.g., purpose-built offices, small office or home office and shops), industrial buildings (e.g., factories) and leisure properties (e.g., hotels and clubhouses). Also, the group is involved in the provision of civil construction works that are embedded in its building construction contracts such as local infrastructure works, including road, drainage, sewerage and water reticulation works, as well as mechanical and electrical infrastructure. IBGB is led by Managing Director and Deputy Managing Director, Lim Ooi Joo and Teo Hock Choon respectively, who each have more than 30 years of working experience in the construction industry. They are responsible for providing strategic corporate direction and overseeing all the business operations which include the entire tender participation for all the projects, the award of contracts to subcontractors and purchase of machinery and equipment. This long-standing partnership has enabled the group to build good rapport with its clients via better understanding of their needs.

Business NewsHome > Business > Business News
Sunday, 14 May 2017 | MYT 1:37 PM
JF Apex Research values Inta Bina at 33 sen

KUALA LUMPUR: JF Apex Research is valuing construction company Inta Bina Group Bhd, which is seeking as listing on the ACE Market, at 33 sen a share, which 32% above its offer price of 25 sen.

It said at 33 sen a share, this was based on 10.6 times 2017F price-to-earnings ratio (PER).

“The assigned PER is within small & mid-cap range of 10 to 13 times amid prevailing booming construction sector,” it said.

JF Apex Research pointed out Inta Bina is the first construction company to be listed on the ACE Market with established track record.

Upon listing, it will have a market capitalisation of RM133.8mil. It has 25 years of track record in the domestic construction industry.

Inta Bina is primarily a building contractor and capable in constructing various types of buildings such as residential, commercial, industrial and leisure properties.

“The group is led by its managing director, Lim Ooi Joo and deputy managing director Teo Hock Choon. Both of the key personnel have more than 30 years of working experience in the construction industry.

“We believe Inta Bina has better chances to secure more contracts with the management’s hands-on experience and better understanding of their client’s requirement and needs,” it said.

Inta Bina has completed more than 110 building construction projects mainly in Klang Valley and Johor with a total sum of value more than RM2bil.

“Favourable FY17 earnings growth is underpinned by sizeable outstanding orderbook. The outstanding orderbook provides revenue visibility of 1.7 times times of FY16 revenue.

“We opine that the group could achieve revenue of RM379mil (+47.38% on-year) and RM337.1mil (-11% on-year) for FY17F and FY18F respectively on the back of RM446mil outstanding orderbook (as of March 31, 2017) in addition to our conservative new orderbook replenishment assumptions of RM260mil for FY17F and RM240mil for FY18F.

“Thus, net earnings growth is expected to grow by 32.45% to RM16.9m in FY17F before tapering off by 18.1% on-year to RM13.8mil in FY18F.

“Over the years, the group has strove to complete projects within the contract period and at the same time maintain high quality of works to build long-term rapport with its clients. Inta Bina’s clients include Gamuda, SP Setia, Eco World Development, Mah Sing, Tropicana Corporation, UEM Sunrise and other prestigious developers,” it said.

JF Apex Research pointed out that the real estate construction market growth remains resilient despite softening property market. Based on Protégé Associates’s study, the compounded annual growth rate for the real estate construction market in Malaysia for 2017-2021 is estimated to be 4.8%.

It said the growth rate is feasible which is in line with the nation’s GDP growth. Meanwhile, government’s effort to build more affordable houses may generate higher jobs for the building contractors.

After SEM-WA ex-date [with WR issue price of RM0.10 and WA exercise price of RM1), the share price of SEM will be adjusted as follows:

(2 X RM1.38 + RM1.10)/(2 + 1) = RM1.29 [an adjustment of 9 sen]

That means SEM-WR will be trading at around 9 sen. With the issue price of 10 sen, the cost price of SEM-WA is around 19 sen.

If no premium is given to SEM-WA, then its price will be RM1.29 - RM1.00 = RM0.29 (still got a profit of 29 - 19 = 10 sen).

If SEM keeps on falling day by day, then this corporate exercise will be a failure.

After SEM-WA ex-date [with WR issue price of RM0.10 and WA exercise price of RM1), the share price of SEM will be adjusted as follows:

(2 X RM1.43 + RM1.10)/(2 + 1) = RM1.32 [an adjustment of 11 sen]

That means SEM-WR will be trading at around 11 sen. With the issue price of 10 sen, the cost price of SEM-WA is around 21 sen.

If no premium is given to SEM-WA, then its price will be RM1.32 - RM1.00 = RM0.32 (still got a profit of 32 - 21 = 11 sen).

If SEM keeps on falling day by day, then this corporate exercise will be a failure.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5429985

Q1 results is good but market sentiment is bad. Dow Jones futures drop another 90 points at the time of writing.

The Dow is down -1.16% now.

This stock is very vulnerable to risk-off sentiment. It is likely to plummet tomorrow.
=====================================================================
It will just be a short term effect. Only Donald Trump problem. Not any big financial crisis. If US were to drop a bomb in North Korea, then really die.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5428913

After 10 market days of waiting, finally Vitrox managed to complete their paper work and summit their application of bonus issues to Bursa Malaysia (even though they said they need 2 months time). Usually after 5 market days, it will be approved and we can expect a relief rally which what JHM did last time.

Ryls: No, I am still holding tightly. Just feel not happy. Yesterday's big gain almost all wipe up.

JHM moving down very fast in the second session. Now drop 10 sen already at RM4.76.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5427893

Pursuant to Paragraph 9.19(51) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ViTrox wishes to announce that the Company has on 16 May 2017 (“Offer Date”) offered the following options to its eligible Directors and employees to subscribe for new ordinary shares in the Company (“Shares”) (“Options”) under the ESOS in accordance with the ESOS by-laws of the Company:-
(a) Option price per Share is RM5.58
(b) Number of Options offered are 795,000 Shares.
(c) Market price of ViTrox’s Shares at the close of the market on the Offer Date is RM6.08.
(d) Number of Options offered to each Director and the persons connected with them - NIL
(e) The Options are vested on the Offer Date.
This announcement is dated 16 May 2017.
===================================================================
Bad news! Will hold until announcement of 1 st quarter results but will not hold until bonus issues. It will take some time for the 795,000 shares to be listed and then the eps will be diluted.

Haiz, I am holding a lot of GDEX-WB and did not buy the mother shares. Today the son stay flat while the mother rises 14 sen. Hope tomorrow until next week, it will perform better.

papaya: klkk 8wpwtmt8, For your info, 3 for 1 means every 3 shares you hold you get one bonus share. Please stop misleading others.
===================================================================
No papaya: llkk and I are correct. For every one share held, we are entitled 3 new shares. And the price after ex-date will be divided by 4.

Please do not sell your GDEX-WB. A warrant holder is entitled to all corporate exercises except dividend. GDEX-WB exercise price will be adjusted to (RM1.53/4 = RM0.38) and GDEX-WB price will be adjusted to (RM1.94/4) = RM0.49. You will still get 3 new shares for each share you are holding on ex-date.
=====================================================================
Very obvious market makers are blocking GDEX-WB from going up (to collect), just like what they are doing to GAMUDA-WE. It will have its turn to close the gap between the mother and the son.

Got to wait for the 1 st quarter result announcement and paper work preparation for bonus issues application to go up.

JHM rally after lunch hours. The power of coming bonus issues.

Unfortunately, the son does follow the mother share's rise. Hope that it will do soon to fill up the difference gap.

After SEM-WA ex-date [with WR issue price of RM0.10 and WA exercise price of RM1), the share price of SEM will be adjusted as follows:

(2 X RM1.50 + RM1.10)/(2 + 1) = RM1.37 [an adjustment of 13 sen]

That means SEM-WR will be trading at around 13 sen to 20 sen. With the issue price of 10 sen, the cost price of SEM-WA is around 23 sen to 30 sen.

If no premium is given to SEM-WA, then its price will be RM1.37 - RM1.00 = RM0.37 (still got a profit of 17 sen to 24 sen).

If after some time, it reaches a premium of 20% (due to its long life-span of 10 years), then the price of SEM-WA can reach (1.2 X RM1.37) - RM1 = RM0.64. Then SEM-WA will provide a profit of 34 sen to 41 sen.

Next week Friday (26 May 2017) is the AGM/EGM and the following Monday (29 May 2017) the bonus issues ex-date will be announced; followed by 1 st quarter results on 31 May 2017. Feel like so near yet so far. Hope it could reach RM5.00.

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES VITROX CORPORATION BERHAD ("VITROX" OR THE "COMPANY") PROPOSED BONUS ISSUE OF UP TO 236,305,050 NEW ORDINARY SHARES IN VITROX ("VITROX SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING VITROX SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE")

10. APPLICATION TO THE RELEVANT AUTHORITIES
The application to the relevant authorities will be made within 2 months from the date of this announcement.
11. ESTIMATED TIME FRAME FOR COMPLETION
Barring any unforeseen circumstances and subject to all required approvals being obtained, the Proposed Bonus Issue is expected to be completed by third quarter of 2017.
This announcement is dated 2 May 2017.
==================================================================

Why Vitrox needs two months time to prepare the paper work to apply for bonus issues? JHM needs only 5 market days to make the application. And amazingly, the next day, Bursa Malaysia approve the application.

There is no bad news to make Vitrox crash 22 sen today. Buy in now.

JHM dropping in low volume. Ikan bilis can easily push the prive down 10 sen with only 200,00 (twenty lots).

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5406237

7-ELEVEN MALAYSIA HOLDINGS BERHAD (“SEM” OR “COMPANY”)
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 616,692,500 NEW WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM0.10 FOR EACH WARRANT ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN SEM (“SEM SHARES” OR “SHARES”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“ENTITLEMENT DATE”) (“PROPOSED RIGHTS ISSUE”)

9. APPLICATION TO THE RELEVANT AUTHORITIES
The Company expects to submit the applications to the relevant authorities in relation to the Proposed Rights Issue within 2 months from the date of this Announcement.
10. ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Rights Issue is expected to be completed in the 3rd quarter of 2017.
This Announcement is dated 25 April 2017.

Still waiting for 25 June 2017...

Thank you Kino Kow for the information. Last time on 22 March 2017, Gdex and Gdex-WB was actively traded up. This time hope that it will be the same.

Next Friday EGM (19 May 2017) and the Monday of the following week (22 Monday 2017) [release of ex-date], Gdex and Gdex-WB will have window dressing. After the ex-date of the bonus issues, Gdex and Gdex-WB will be penny shares. Easier to push up by market makers. Cheers!

JHM on T + 4 still manage to climb another 6 sen to RM4.76. Cheers! Next week it is free to fly.

Sold 1,000,000 mother shares at RM0.30 with a profit of RM2780. Thank you.

It cannot be the additional listing announcement of about 2 million shares which cause the massive selling today. 2 million shares are considered small amount for penny stocks.

And why the WA, WB and PA are at such a big discount compared to the mother share, just like Anzo a few days ago. Not comfortable with the big discount.

I also bought at 0.295 some time ago. Went as high as 0.325 but did not sell. When the strong support of 27970,00 shares at 0.30 was broken, I really panic. Why the operator selling so heavily. I was expecting another money losing quarter results next week. But I held on. Fortunately, it recovered at close at 0.305.

Thanks damontee, I will bargain buy 40,000 CAB-WA tomorrow.

Lets say I have 40,000 shares. After splitting, it becomes 2.5 X 40,000 = 100,000 shares. Then, 100,000 shares, they give me another 0.25 X 100,000 = 25,000 shares. My total number of shares now becomes 125,000. Please enlighten me. Am I correct?

Why today (Thursday) so many sellers. 6.19 (540,00), 6.20 (595,00), 6.21 (4965,00), 6.22 (10,00), 6.25 (210,00)? I thought it is like KESM and JHM with very low free float.

Despite today is T + 3, JHM still can close green at RM4.70 (+0.07). Let's see how is T + 4 tomorrow.

Very confusing. Sellers busy selling at RM0.305. I am afraid results might not be too favorable.