Expect more bad news will coming out.

Dnex will drop to 50sen if the deal cancel.

China party cancel the deal to buy Silterra ?

DAGANG NeXCHANGE BERHAD - COMMENCEMENT OF ARBITRATION PROCEEDINGS AGAINST MIMASTRONICS TECHNOLOGIES COMPANY LIMITED IN RELATION TO A PROPOSED INVESTMENT IN DAGANG NeXCHANGE BERHAD'S GROUP OF COMPANIES

The Board of Directors of Dagang NeXchange Berhad (“the Company” or “DNeX”) wishes to announce that DNeX Semiconductor Sdn. Bhd. (“DNeX Semi”), a wholly-owned subsidiary of the Company, had on 17 November 2022 issued and served a Notice of Arbitration to commence arbitration proceedings against Mimastronics Technologies Company Limited (“MIMAS”) under rules 5.3 and 22.4 of the Asian International Arbitration Centre Arbitration Rules, 2021. MIMAS is wholly owned by Tethystronics Technologies Company Limited a special purpose vehicle ultimately owned by Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (Limited Partnership), which also held 40% equity interest in SilTerra Malaysia Sdn. Bhd. (“SilTerra”). SilTerra is a 60% owned subsidiary of DNeX Semi which in turn is a subsidiary of the Company.

KAB consolidated so long. Time rocket soon.

This Dark Horse is lai liao

Dairy Producer Farm Fresh Surges in Kuala Lumpur Trading Debut
Shares advance as much as 34% in early trade on Tuesday
It’s the country’s biggest initial public offering since July
ByFilipe Pacheco and Yantoultra Ngui
22 March 2022, 09:05 GMT+8
Malaysian dairy producer Farm Fresh Bhd. jumped in its trading debut in Kuala Lumpur, following the Southeast Asian country’s largest initial public offering since July.

The shares traded as high as 1.81 ringgit, after being sold at 1.35 ringgit each. The company and shareholders raised about 1 billion ringgit ($238 million) in an offering that lured a record 30 cornerstone investors including Abrdn and Franklin Templeton Asset Management (Malaysia).

The firm, which has a unit of sovereign wealth fund Khazanah Nasional Bhd. among its investors, is reviving the IPO market in Kuala Lumpur at a time of slow activity in traditional venues due to rising interest rates and Russia’s invasion of Ukraine. It’s the third company to list in the Bursa Malaysia this year and the largest since CTOS Digital Bhd. more than eight months ago.

The IPO allowed “investors to have exposure in defensive or non-cyclical stocks amid prevailing market volatility with the escalating Russia-Ukraine tensions and rising interest rate atmosphere,” analysts at JF Apex Securities Bhd wrote in a note before the shares started trading.

Outstanding Size
Farm Fresh's IPO was the largest in Malaysia in over eight months


Source: Bloomberg

Starting out producing dairy products from 60 cows imported from Australia, Farm Fresh had expanded to a network of more than 800 home dealers and 38 regional stockists as of last year, according to its website. It controls 18% of Malaysia’s ready-to-drink dairy market.

The company is set to get 301 million ringgit from the sale. It plans to use the money to build a manufacturing hub, a diary farm and processing facility in Malaysia as well as boost production in Australia and elsewhere in Southeast Asia.

“We like Farm Fresh for its strong market presence in Malaysia’s dairy industry, local and regional expansion plans. The company has a dividend policy of 25%,” Ronnie Tan, an analyst at Mercury Securities Sdn. Bhd. wrote in a note prior to the debut giving a subscribe recommendation on the shares.

CIMB Investment Bank, Maybank Investment Bank and Credit Suisse are joint global coordinators in the IPO.

Many famous big fund is cornerstone investor of FFB. Huge upside ahead

Farm Fresh will include into KLCI 30 Index soon. Target price RM2.35-RM2.50 !

Everyone is afraid Andy Hall even the fund house. They may sell first since learn from last time big losses in ATAIMS.

VS is falling knife. U dare to catch ?

The major risk is Andy Hall will throw a bomb anytime on VS.

Another ATAIMS is making. Becareful.

Maybank IB starts coverage on Hibiscus, target price RM1.70
Surin Murugiah
/
theedgemarkets.com

February 17, 2022 09:30 am +08
-A+A
KUALA LUMPUR (Feb 17): Maybank Investment Bank has initiated coverage on Hibiscus Petroleum Bhd at RM1.13 with a “Buy’ rating and target price (TP) of RM1.70 and said Hibiscus is the best play for a cyclical, rising energy price market.

In a note Tuesday (Feb 15), the research house said Hibiscus is fundamentally sound (low P&L break-even oil price; sub-USD40+/ boe), financially resilient, well-run and offers compelling growth (3-year NP CAGR of 53%) with undemanding valuations.

Maybank IB said Hibiscus, a pure upstream O&G operator is the most leveraged O&G play to capitalise on the strong energy push. FY22-24 earnings will grow by 35%- 54% for every US$10/bbl rise in oil price.

“It has a relatively low lifting cost (P&L break-even oil price of sub-USD40/boe).

“Our TP is conservatively pegged to US$10/ boe of EV/ 2P valuation (@ 10x FY23 PER), a 45% discount to its peer average of USD19/ boe.

“Accretive M&As, asset monetisation deals or additional 2P reserves upside would add to upside,” it said.

Tomolo will limit up

Dnex & SMIC in 5billion deal.

This time news link to SMIC China.

Wah. Super good news ! Go go go

Deal cancel.

FRONTKN major shareholder Ooi Keng Thye also is NOVAMSC shareholder.

MAA will 2 times limit up.

Tomorrow should limit up

MAA - UPLIFTMENT OF PN17 STATUS
MAA GROUP BERHAD

Bursa Malaysia Securities Berhad ("Bursa Securities") has approved MAA's application for a waiver from complying with Paragraph 8.04(3)(a) and Practice Note 17 ("PN17") of the Main Market Listing Requirements of Bursa Securities ("Main Market LR"). The decision was arrived at after taking into consideration all facts and circumstances of the matter including amongst others, that the Company no longer triggers any prescribed criteria under Paragraph 2.1 of PN17 of the Main Market LR, the latest financial position of MAA as at 31 December 2020 including net assets of RM533.01 million and MAA had recorded three (3) consecutive quarters of net profit up to the quarter ended 31 December 2020, which have been subjected to a limited review by an external auditor.

With the waiver being granted, MAA will be uplifted from being classified as a PN17 company effective from 9.00 a.m., Friday, 26 March 2021.

Offer price should at least RM1.50 !

Tengku Yaacob willing to pay RM1.10 for PN17 stock during year 2019. How much he willing to pay now ? How much the investors willing to sell ?

from the price trend. MAA should out from PN17 very soon. Smart money keep buying.

It is the cheapest semicon stock in bursa malaysia.

GOOD ARTICLES FROM SINCHEW NEWSPAPER

https://www.sinchew.com.my/content/content_2365665.html

Sure open gap up this afternoon open. Limit up also possible.

open gap up at 30sen this afternoon open.

DNeX upbeat about new growth area in semiconductor

CYBERJAYA: Dagang NeXchange Bhd (DNeX) is upbeat about exploring new growth area in semiconductor with the bidding for SilTerra Malaysia Sdn Bhd (SilTerra).

Group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir said DNeX would want to be given the opportunity to turn around the semiconductor manufacturer.

"We do have the turnaround expertise as we have managed to turn around Time Engineering Bhd, the old company of DNeX.

"We also partner with Beijing CGP Investment Co Ltd (Beijing CGP) that is willing to provide transfer of technology and ready market access to SilTerra," he told the New Straits Times (NST) and Berita Harian in an interview recently.

He said this would be vital as DNeX has the track record and capability with the partnership to turnaround SilTerra.

"We also want the bidding process to be based on merit including its contribution to the National Agenda – we believe we have the right partner, technology and market access. We have been working closely with the government to present our case.

"At the end of the day, it is up to Khazanah Nasional Bhd (the owner of SilTerra) to decide. We believe the board of Khazanah will make the right decision.

"We hope Khazanah considers us as a Bumiputera company with the capability and the right partner that can offer technology and market access as well as injection of funding. God willing, in the next two to three years, we plan to create more job opportunities and technology coming out with Malaysia," he said.

Syed Zainal said DNeX had secured Beijing CGP's support and commitment to help SilTerra have access to the right technology as well as the global market.

"If we get the opportunity to acquire SilTerra, Beijing CGP will be able to open new market for SilTerra and new opportunities for the company to export to other parts of Beijing CGP's network.

"We need to have the right partner to open the network in the semiconductor industry. Beijing CGP already has a consortium of companies not only in China but globally as well," he said, adding that SilTerra would have access to this partnership with DNeX.

Syed Zainal said DNeX would also bring its partners and expertise to strengthen SilTerra's board and management with industry and international experience to streamline the organisation to be more business focused, productive and efficient comparable to industry tier 1 players.

The DNeX-Beijing CGP consortium is also bringing in investee companies to Malaysia to support the development of Malaysia-owned semiconductor eco-system through an innovation fund to be set up by DNeX that will help locals design and manufacture local products for the international market including China.

NST previously reported that Khazanah had received four bids for SilTerra including from Taiwan's Foxconn and Germany's X-FAB Silicon Foundries before the earlier deadline for submission on July 31.

The other two were DNeX and Green Packet Bhd.

The proposal from DNeX and its strategic partner Beijing CGP was focused on planning and executing SilTerra's turnaround with a total investment of RM846 million, according to a source.

On top of a RM136 million cash payment for Khazanah, DNeX and its partner would absorb SilTerra's RM210 million bank borrowings, and inject a total of RM500 million for its capital and operating expenditures.

Wah. DNEX price move liao ahead the official announcement.

K1 also produce LED headlamps similar to MMSV.

COMMENTARY ON PROSPECTS AND TARGETS (Cont’d)

b) On the consumer electronics, industrial and IoT sectors of the EMS business, orders from
existing customers are gradually recovering aided by stimulus packages from governments all over
the world to pump-prime their respective economic activities. Additionally, sales generally
increase moving into the last quarter of the year due to seasonality. The news that Pfizer and
Moderna had seen a more than 90% success rate in its their vaccine trials on 9 and 16 November
2020 respectively could further boost sales of both the medical/healthcare and nonmedical/healthcare segments moving forward as overall business confidence improves.

c) Simultaneously, the Group is working hard to convert potential US customers to actual clients
by riding the foreseeable next wave of manufacturing diversions out of China. The Group has
taken the necessary steps to position itself as a choice beneficiary of the potential business
diversion

K1 also produce electronic headlamps, industrial equipment
and IoT devices through EMS section.

Albukhary, u think CNI can go how high ?

TARGET 30SEN !!

GOOD NEWS TONIGHT !!

PUNCAK win multi billion contract ?

Puncak limit up soon ?

Media Prima - CIMB Research Give Target Price 61sen.

https://klse.i3investor.com/blogs/bullsearcher/2020-12-04-story-h1537413305-Media_Prima_CIMB_Research_Give_Target_Price_61sen.jsp

later KYY said AT below 20sen is damn cheap. He said buy alots at 20sen today. Hahahahah

Pray hard for AT close at green today.

rebound le. Ole. ole.

PINEPAC break new high due to news it will delist by shareholder at 80sen per share.

Frontkn major owner also invest in Novamsc.

Novamsc can be another Solutn ? From 10sen to 80sen ?

RM300mil loan for AirAsia?

By Ayisy Yusof - October 22, 2020 @ 11:33am
AirAsia Group Bhd is believed to have secured a RM300 million loan from Sabah Development Bank Bhd (SDB) to keep it afloat amid the Covid-19 pandemic.NSTP/EMAIL.
AirAsia Group Bhd is believed to have secured a RM300 million loan from Sabah Development Bank Bhd (SDB) to keep it afloat amid the Covid-19 pandemic.NSTP/EMAIL.
KUALA LUMPUR: AirAsia Group Bhd is believed to have secured a RM300 million loan from Sabah Development Bank Bhd (SDB) to keep it afloat amid the Covid-19 pandemic.

Market observers who spoke on condition of anonymity said the low-cost carrier (LCC) would likely use the loan to finance its local operations including paying employees salaries and aircraft leasing.

AirAsia Malaysia chief executive officer Riad Asmat confirmed that a loan had been approved and disbursed, but did not disclose specifics including the lender and amount involved.

"This loan is part of the capital raising exercise by AirAsia group, which is moving in the right direction and we are pleased with the progress," he said when contacted by the New Straits Times (NST).


AirAsia secures RM1bil loan from MoF?
Special bank for housing loans below RM300,000 to be established
Market observers said the loan would likely last up to two months as substantial financial relief would be needed to sustain AirAsia's operations over the long-term if the Covid-19 continues to rage.

"Although it won't last very long, the loan would be a helpful lifeline. AirAsia is hugely important to Sabah for bringing in tourists. Therefore, SDB would be very interested in helping AirAsia to survive," a source told the NST.

SDB serves as the Sabah government's financial intermediary.

It also provides advisory services to the state government as well as its agencies with project financing and investment matters, while managing the surplus funds and its related agencies.

Since the emergence of Covid-19 in early 2020, demand for air travel has been hampered and exacerbated by international borders closures. This has taken a heavy toll on most airlines' operations globally.

Previously, it was reported that AirAsia had secured a RM1 billion loan from the government.

The RM1 billion would be 80 per cent guaranteed by the Finance Ministry and disbursed by a group of local banks under the government's RM50 billion Danajamin Prihatin Guarantee Scheme, according to Nikkei Asia, quoting sources from the ministry and the airline.

However, the Ministry of Finance (MoF) had on October 13 denied approving such loan.

"We would like to clarify that it has not approved any government financing or guarantee to any airline," an MoF spokesperson said then.

Another source said the ministry might have denied approving the loan but that it did not say it would not help AirAsia.

"They did not say they won't help the airline, but rather they haven't helped yet," he said.

The downturn in air travel caused by the pandemic has prompted AirAsia and its affiliates to seek funding, restructure or cease operations.

The airline reportedly said it would embark on another retrenchment involving 400 employees in all divisions next month.

AirAsia founder and group chief executive officer Tan Sri Tony Fernandes said the company had reduced more than 10 per cent of its 24,000 workforces.

It was reported that the airline had laid off over 2,400 employees since Malaysia's borders were closed on March 18 this year.

The last round of retrenchment involving cabin crew and pilots ended in early October.

AirAsia had also planned to downsize its fleet of aircraft and was awaiting to return some of its aircraft to its lessors.

The airline was also said to be in discussion with Airbus to revisit its aircraft orders involving A320 and A321 aircraft as well wide-body A330.

It had planned to reduce its fleet to 180 aircraft by end-2021 from the current 245.

Pertama Digital's unit eyes 80% of bail payment volume next year
Author: Alipapapa | Publish date: Sun, 11 Oct 2020, 6:48 PM

KUALA LUMPUR (Oct 1): Pertama Digital Bhd (formerly Sinotop Holdings Bhd), through its indirect unit DAPAT Vista (M) Sdn Bhd, is targeting to capture 80%, or at least RM1.6 billion, of the Malaysian bail payment volume next year.

In a statement today, DAPAT Vista said it targeted to implement its digital bail payment solution, eJamin, in all the criminal courts in Malaysia by December this year.

Its chief executive officer Amanda Sabri said Pertama Digital was very encouraged by the support of the tech-savvy Malaysian judiciary and the weekly growth in the eJamin mobile application, which now averaged 15.7% a week.

By June, eJamin had been implemented in 118 criminal courts, six months ahead of schedule, despite the COVID-19 movement control restrictions by the government, the statement added.

According to DAPAT Vista, the Malaysian bail system is traditionally a lengthy and manual process but eJamin enables the entire process, from bailor login to the release of the accused with digital proof of bail, to take only 30 minutes.

DAPAT Vista would earn a commission from its partner banks (currently Bank Islam and Bank Muamalat) in return for routing deposits their way.

Meanwhile, DAPAT Vista is expected to launch the MyPay app, its business-to-consumer (B2C) digital service platform, early next year.

Currently, MyPay has rolled out services for 36 government Ministries and government agencies.

I suspect is Mr Koon Yew Yin is buying in open market today.