At least wait for mrt2... quite some positive growth from AZRB. Construction activities on uptrend, plantation expect to be much better shape, others subsidaries also perform better. Should back to abovr rm0.70++

KUALA LUMPUR (March 22): CCM Duopharma Biotech Bhd (CCMD) is building a RM103.7 million state-of-the-art plant, together with a RM37.1 million warehouse with rooftop car park in Taman Klang Jaya, Selangor, to meet its growing operations and portfolio expansion.
In a bourse filing today, CCMD said the plant, which consists of two adjoining blocks, will be equipped with enhanced current good manufacturing practices (cGMP) facilities to cater for existing businesses and increased product offerings, including specialty products.
"The new plant will house the oral solid dosage (OSD) manufacturing facility, including specialty product manufacturing site, quality control (QC) and quality assurance (QA) and administrative office," it said.
The completion of the plant will cater to the future expansion plans of CCMD, and will up its production capacity by about 40% to 50%.
Its existing plant located in Klang was constructed in 1994 and currently houses the QC, QA, OSD and haemodialysis manufacturing facilities, said CCMD.
"The construction of the new plant is necessary to meet the demand of the growing current operations and expanding the current portfolio into specialty products as well as to keep abreast with cGMP," it added.
The new buildings are expected to complement each other and will serve as CCMD's central point for its designated activities.
Construction of the new buildings, which should start in the third quarter of this year, is expected to be completed in the fourth quarter of 2018.
The capital expenditure will be partially funded with proceeds from the rights issue exercise conducted in 2015 (which amounted to RM113.3 million), with the balance to come from a combination of internally generated funds and/or external borrowings.
CCMD shares closed three sen or 1.19% lower at RM2.49 today, valuing it at RM694.6 million

Accumulated at rm2.51...

Waiting durian runtuh... rm0.30?

Will more over rm0.70 is just matter of time...

More to come?..

With it bought over few medicine factories on potential growth and dividend matched the fd rate. It is worth to look at counter for mid & long term investment due to present very reasonable price at around rm2.52...

Aaron Tan, who is the nephew of Datuk Seri Robert Tan Chung Meng of the IGB Corp Bhd, bought the stake in Yi-Lai at RM1.30 a share in May 2014.
So, i expect the share price should up to this value as rto will bring a synergy to existing Yilai business.

In fact i am q up to accumulate some more at rm0.99 (matched) to take advantage of present consolidate stage

It is worth to look into this counter again as present price consolidatation will over very soon. The fundamental of this share is good... accumulate at low may yield fruitful result for mid term.

More up trend if secure some project in mrt2..

As all the property countersvare up, L&G should able to perform..

KUALA LUMPUR (March 17): Peninsular Medical Sdn Bhd, a wholly-owned subsidiary of Ahmad Zaki Resources Bhd (AZRB), has clinched a RM120 million contract for the supply of equipment to the International Islamic University Malaysia Teaching Hospital in Kuantan, Pahang.
In a filing with Bursa Malaysia, AZRB said Peninsular Medical received a letter of award from the International Islamic University Malaysia (IIUM) for the supply of additional equipment under group 2 and 3.
The contract is expected to contribute positively to the group's future earnings and net assets, it said.
Peninsular Medical had signed a 25-year concession agreement in September 2011 with the Ministry of Higher Education (MOHE) and IIUM for the design, build, lease, maintenance and transfer of the same IIUM Teaching Hospital.
Under the agreement, Peninsular Medical is expected to maintain the hospital for 21½ years.
MOHE and IIUM would pay Peninsular Medical for the construction cost and maintenance services of the hospital in the form of monthly availability charges and asset management services charges.

Still feel confident, it is a good opportunity to accumulate and will get a good rewards for mid term.

Good, at least show some positive sign.

Matched at rm0.33..

still waiting for durian runtuh...as i collected at rm 0.265

Hopefully my back horse will run very soon..

Disposed all at rm0.295 & rm0.30

Hopefully the property market will recover 2nd half of this year.

KUALA LUMPUR (March 16): Mah Sing Group Bhd. said it is ready to buy more land after holding back in 2015, as the company predicts a rebound in Malaysia’s property sales in the second half of the year.
The nation’s third-largest property developer by sales is seeing signs of renewed confidence from consumers as they move beyond negative reports on the currency and political developments, said Group Managing Director Leong Hoy Kum in an interview. The company has a record 1.4 billion ringgit (US$338 million) cash pile for land acquisitions, he said.
“The market has stabilized," Leong said at his office in Kuala Lumpur Tuesday. "Every weekend is shopping time for me and sometimes I charter a helicopter to look at land the size of 500 acres to 1,000 acres.”
Shares of Mah Sing have risen more than 7% from a 2013 low on Feb. 4. The stock tumbled 12% in 2015, the biggest annual drop since 2008, compared with a 7.6% slide in the Bursa Malaysia Property Index.
Malaysian home builders have struggled since 2013, when the government started imposing stricter lending rules after cheap credit fueled a buying frenzy and helped contribute to record household debt in the Southeast Asian nation. Mah Sing is lobbying the government for more incentives to boost property transactions, Leong said.
A goods and services tax, last year’s slump in the ringgit to a 17-year low and concerns over mounting debt at state investment company 1Malaysia Development Bhd (1MDB), worsened sentiment among buyers last year, amid the biggest housing glut in a decade.
“We have reached the bottom of a downturn, and it will recover in the medium term," Leong said. "The bad news like 1MDB and the ringgit have already been digested, I don’t see anymore bad news coming out. It is back to work for everyone to focus on economic growth.”
The ringgit has rebounded 3.8% this year, making it the third best-performing currency in Asia.
Mah Sing is on track to reach its 2.3 billion ringgit sales target in 2016 and anticipates selling more “medium range to high-end properties” next year with the greatest potential in Kuala Lumpur, he said. The company wants to replenish its land bank, after it halted such purchases last year for the first time since 2005.
“I know very well about all the good land in Kuala Lumpur,” Leong said. “When the weather is bad and turbulent you better don’t fly. Now the skies are clearer.”

Good to see the rebound...

Will L&G benefit from it...

KUALA LUMPUR (March 16): AffinHwang Capital Research is “Overweight” on the property sector and said sector may reach an inflection point soon, premised on sustained economic data.
In a note today, the research house said that coupled with strong balance sheet position, it sees limited downside risk to share price for companies under our universe.
“Revenue will be suported by strong unbilled sales and new launches.
“We are Overweight on the sector. For exposure to the sector we like UOA Development Bhd and Eastern & Oriental Bhd,” it said.

Matchef at rm0.335!

Penang IKEA store slated to open in 3Q2018

PETALING JAYA (March 14): Ikano Pte Ltd – which owns the IKEA franchise in Malaysia – will open its first store in Batu Kawan on Penang’s mainland in 3Q2018.

The store will anchor a shopping mall that is one of the main components of Aspen Vision City, a 245-acre, RM8 billion mixed-use development undertaken by a joint-venture (JV) company formed by Ikano and Penang-based developer Aspen Group.

“The IKEA vision is to create a better everyday life for the many people,” said Ikano managing director Christian Rojkjaer in a press release today.

“We expect to do that by bringing our affordable range of functional home furnishings to the people of Northern Malaysia in 2018, along with hundreds of solid jobs and spin-off opportunities for the local community,” he added.

The IKEA store will be wholly-owned by Ikano, while the mall will be developed by the JV company and managed by Ikano.

According to Rojkjaer, his team has applied for a building permit and earthworks have begun to prepare the 245-acre site housing the mall.

Other components of Aspen Vision City include condominiums, office towers, an international school, a Columbia Asia Hospital and a 24-acre park.

Meanwhile, piling works have started for the project’s first phase, the gated-and-guarded commercial precinct Vervéa.

Next up is a high-rise condominium project called Vertu Resort.

This us most valuable business in CanOne, hope not repeat what Puncak case.

I still trust his MD GT Low to deliver the expected performance. It provides a opportunity for us to accumulate at low.

Price is not moving or active at present indicated the bittom of this share price, just fingers cross and wait for mrt 2 awarding.. plam oil up is a positive factor to reduce the previous lost in plantation.

If the news of government has abandoned the recent foreign labour duty hike proposal if trus, it will be a positive factor to Homeritz..
Still q to accumulate lower at .88

YI-LAI Bhd (Yi-Lai, 5048) dropped to a low of 79 sen on Jan 18, the worst level since June 2012 amid extended correction process due to persistent liquidation pressure.

The shares traded mostly range-bound for several weeks, undergoing consolidation before bouncing off in the wake of a fresh bout of bargain hunting buying momentum. This stock recovered to a one-year high of RM1.08 during intra-day session before paring gains to finish up eight sen to RM1.05.

Based on the daily chart, it appears Yi-Lai is in the infancy stage of a new leg of uptrend, with prices reclaiming the posture above all the moving averages on our screen after undergoing a period of correction.

An increase in the trading activities over the past three weeks added to our optimism.

Initial resistance is expected at the RM1.10 barrier, of which a successful penetration of this relatively stiff barrier would further confirm that this stock is indeed on the rise.

If that happens, the next upper target to look for would be the RM1.20 mark and if buying sentiment is strong enough, it may re-test the previous rally peak of RM1.39, established on Sept 25, 2014 or move to a higher ground. Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise. Though the two oscillators were fast reaching the overbought area, they retained the buy call, triggered on March 3.

The daily moving average convergence/divergence (MACD) histogram expanded sharply against the daily signal line to keep the bullish note. It had issued a buy call on Feb 19. In stark contrast, the 14-day relative strength index hit a high of 82 on Thursday before curving down marginally to settle at the 79 points level yesterday.

Technically, the daily MACD is bullish but other indicators are painting a slightly overbought condition, suggesting investors can consider accumulating more should there be a pullback, as prices are poised to resume the scaling once the overbought situation is fully neutralised.

Current support is pegged at the 200-day simple moving average, which is lying at the 91 sen mark. An additional floor is pegged at the 87 sen level.

As L&G share price down to rm0.34 which worth to have a second look.
Base on its latest Q report, by paying rm0.34 per share, you can own a rm0.25 (276mil/1092mi) cash per share; and rm0.39 worth of stocks( (35mil+398mil)/1092mil) per share
Total worth rm0.64 per share!!
Even the property market is not good. It is till worth to invest in L&G. If worse case the coming dividend is rm0.015 not rm0.02, it is still >4%!
So, take opportunity to accumulate at low

Just because the RM get stronger for awhile that we have opportunity to accumulate at low. Just temporary weaknesses is also provide good opportunity. Of course the contra player will think different...

Aiya...my itch hand. Matched some lots at RM0.265. Anyway just bank on what solidwater told us as 30c (not today but my target within a month is ok)

Just superb, but still hold.
The new boss of Yilai bought majority share of Yilai is rm1.30
With the synergy with Aspen, it should at least close to rm1.30 in near future.

Good to see some export counters start to move up again...

Good start...

All the exported counters will in the game again? （吉隆坡9日訊）美銀美林證券亞洲貨幣與利率部門副總裁羅希認為，雖然馬幣表現強勁，但相信美國聯儲局潛在升息50個基點以及中國人民幣貶值，馬幣前景依舊疲弱，預見馬幣兌美元今年杪將收在4.50水平 - See more at: http://biz.sinchew.com.my/node/132757?v=mobile#sthash.xTxnD3CE.dpuf

KUALA LUMPUR: Malakoff Corp Bhd’s 35.7%-owned associate Almiyah Attilemcania SPA (AAS), which operates a seawater desalination plant in Algeria, will further appeal a fine of 3.929 billion dinars (RM148.79mil) for an alleged breach of foreign exchange regulations.

In a statement to Bursa Malaysia, the independent water and power producer said based on information from AAS lawyers, the court of appeal of Tlemcen in the North African nation had on March 2 upheld the lower court’s decision to impose the penalty

The lower court of Ghazouet in Tlemcen had imposed the fine towards the end of 2014.

AAS is 51% owned by Tlemcen Desalination Investment Company SAS, which is ultimately 70% owned by Malakoff Corp and 30% by Singapore-listed Hyflux Ltd.

Malakoff said AAS’s lawyers had advised it that the penalty would not be enforced against AAS until AAS had exhausted of all rights to appeal.

“AAS will file an application to appeal against this decision to the Algerian Supreme Court once AAS receives an official notification from the (appeals) court in accordance with the process of law,” it said.

Malakoff, which is 17.95% owned by MMC Corp and 17.18% by the Employees Provident Fund Board, added that AAS’s lawyer was of the view that “it is probable for AAS to succeed in its appeal at the Supreme Court.”

To recap, the legal proceedings against AAS were initiated by the Public Prosecutor of Algeria in September 2014. During the financial year 2009, it was discovered that there had been a considerable gap between the value of the delivered equipment and the value of the payment made by AAS to the supplier cum contractor.

“The invoice gap however was not resolved by the supplier cum contractor and the Algerian Customs then initiated investigations and thereafter the charge was brought against AAS,” MMC Corp announced in November 2014 (when it was Malakoff’s holding company).

Due to the invoice gap, it was alleged that AAS had failed to repatriate a sum of US$26.9mil (RM111.15mil).

The project to build and operate the seawater desalination plant in Algeria was awarded to the Malakoff/Hyflux Ltd team in 2006. Under the 25-year concession, the project company has the right to supply desalinated water to the state-owned national public water entity of Algeria and Sonatrach SPA, the national oil company of Algeria.

Malakoff shares gained 2 sen to close at RM1.63 on Tuesday.

（吉隆坡8日訊）誼來（YILAI，5048，主板工業產品組）在倒置收購計劃下獲得Aspen產業公司注入地庫和產業計劃，估值有望上調。

誼來日前建議發出4億5千萬令吉新股及1億令吉收購Aspen的資產。完成收購後，誼來的股本將從1億6千萬股擴大至6億1千萬股，屆時，Aspen的持股權高達73.77%。

興業研究表示，Aspen在峇都加灣手握245英畝永久地庫，發展總值達80億令吉的Aspen Vision City。此外，Aspen在檳島及梳邦也分別擁有21.6英畝地庫，並和宜家（IKEA）聯手在北馬設立首家宜家商場。

2015年，Aspen銷售為9億令吉，未入賬銷售達10億令吉。當上述資產注入誼來後，將可推高誼來的淨利。

根據重估淨資產的40%折價計算，興業認為誼來的參考估值介於1令吉28仙至1令吉45仙，但沒有給予目標價與評級。

股價：88.5仙
總股本：1億6千萬股
市值：1億4千160萬令吉
30天日均成交量：39萬股
最新季度營業額：3千459萬8千令吉
最新季度盈虧：淨利249萬7千令吉
每股淨資產：1令吉34仙
本益比：14.37倍
周息率：2.34%
大股東：陳江宏（音譯）（31.32%）（星洲日報／財經）

- See more at: http://biz.sinchew.com.my/node/132706?v=mobile#sthash.OgP0x4Qf.dpuf

Had disposed more than half due to this legal news these 2 days..

Matched some lots at rm0.885

Further accumulated at rm0.9

From the reserve reported on Feb, just improved RM 0.2billion. This indicated either foreign fund still flow out or value cap fund (assumed 50% of the fund; RM100b) still not really flow back.

Within these 2 weeks had accumulated some lots of AZRB rangevfrom rm0.57~rm0585. I belive with present ramps of construction activities and increase of palm oil price, AZRB will perform better this year. Present price at it bottom should get justification soon.

http://klse.i3investor.com/blogs/rhb/92612.jsp

Good analysis of Yilai..

Present sell down may provide an opportunity to accumulate as RM is expected still above RM4 per 1 USD.
Accumulated few lots each at RM0.935, 0.93 so far. I missed the previous sell down.

If K1 is going for main board, then for short term it is a positive catalyst to present share price. Anyway, the success of venture to medical device is most critical.

Those can accumulate Yilai now at low (provided rto by Aspen Vision City is materialized) and hold for 2 years (Ikea will open on 2018) will get hansome return! It will even much beyter than Tambun.


News:Poll to find name for Penang’s new, intelligent, satellite township
14092015_lim_guan_eng_at_groundbreaking_of_Aspen_Vision_City_tmi_pic
Groundbreaking of Aspen Vision City in Batu Kawan, Penang

The people will have a say in the naming of Penang’s new, intelligent, satellite township on mainland Seberang Prai.

The township is in Batu Kawan, in the southern Seberang Prai district, Chief Minister Lim Guan Eng said today.

He said state investment arm Penang Development Corporation (PDC), which owns the land in Batu Kawan, was in the process of demarcating the areas to be included in the new township.

“We expect it will take about a month for PDC to determine the areas for the new township. Once that is done, we will start an online poll so that the people can give their input on what we should name it.
“The online poll may be for two months or even six months. We will make the announcements in due time,” he told reporters after the groundbreaking of the Aspen Vision City project in Batu Kawan this morning.

Lim had recently said that there was a need for a name for the new township, which was transforming the old, quiet town of Batu Kawan. The plan had earlier caused some confusion and had met with the disapproval of researchers and historians interviewed in Chinese newspapers.

Lim said the new name would not replace the old name Batu Kawan, as the area itself would still remain apart of the new development.

“Batu Kawan will still be here as a part of this larger satellite township, which we envision will grow into a metropolis in the future,” he said, stressing that the area, where Fortune 500 companies were present, remained important to Penang’s economy.

While the actual boundaries of the new township are yet to be disclosed, Lim had previously said that the southern Seberang Prai district, which is also seeing new developments, could be included in the plan.

Aspen City Vision, a mixed development with a gross value of RM8 billion, is also expected to change the landscape of Batu Kawan.

The project is a joint venture between the Malaysian Aspen Group and Ikano Pte Ltd, which owns the Ikea franchise in Singapore, Malaysia and Thailand. The partnership is also bringing the famous Swedish furniture retailer to Penang.

Ikea in Batu Kawan will be the brand’s first outlet in the northern region. The store is expected to be ready in 2018, along with Aspen Vision City’s phase one, Vervea, the biggest gated and guarded commercial precinct in northern Malaysia.

Aspen Group chief executive officer Datuk M. Murly said the project would change the landscape of Batu Kawan and beyond, as neighbouring areas would also benefit from the new developments

Just started to accumulate at rm0.83 as i think the risk is minimum. When checked on Adpen Vision City project just crossed the 2nd bridge of Penang was impressed. With the good location and the rto price per share + the nta is rm1.30+, it is good time to accumulate!

Matched at RM1.60, time to pick up some lots at present reasonable price while waiting for dividend declaration. In long run, present price is at low risk.

Further disposed some lots at rm1.30 to take profit and buy back when price down again