Trap, sell means opportunity for BIG BOSS to collect at cheaper price. After that make another fake news privatization again or good quarter report or any good news the price will go UP and sell it. That is how richer big boss get richest. They play the GAME

EPF Disposing

Very obvious been manipulated by somebody

Just wait for BIGGEST PACKAGE of MRT2

Sometime people said overbought but price still UP. Sometime people said oversold but price still DOWN. Trade at your own justification. AA reigned for best low cost carrier and no doubt always the 1st choice for everyone except SUPER RICH PEOPLE.

USD 1 = MYR 3.99,by right AA should UP today

KUALA LUMPUR (March 29): CIMB IB Research has maintained its “Add” rating on AirAsia Bhd at RM1.89 with a higher target price of RM2.43 (from RM1.80) and said FY16 looks like a good year for the AirAsia group, as its FY16 fuel price is largely locked in, while the recent ringgit appreciation may stick.

In a note today, the research house upgraded its EPS forecasts to reflect the stronger ASEAN currencies, and raised target price to RM2.43, still based on 6x CY17 P/E (peer range 6-12x).

“Our Add call is intact; AirAsia will benefit from the return of foreign funds,” it said.

Bought some at 1.38. Strong Support even market down and profit taking as usual take place for friday. Anticipated next week GOOD show ,wait and see

Dont worry EPF buying back HSL. Just keep and wait. Pass 2 years 2014-2015 economy slow down still managed to give TWO time dividend. Steady.

Look into STEEL supplier counter like CSCSTEL,MASTEEL,ANJOO. MRT project need huge tonnes of STEEL

Steel Market Forecast for 2016 Slightly Optimistic

Steel market forecasts for 2016 call for a slight rebound in demand, which could boost depressed scrap metal prices.

Recovery is contingent upon consumption increasing in China, where demand and prices have dropped precipitously.

The World Steel Association (worldsteel) projects global steel demand to increase by 0.7 percent in 2016 after decreasing by 1.7 percent in 2015. “We expect the current headwinds to moderate in 2016 but this is based on a belief that the Chinese economy will stabilize,” World Steel Association Economics Committee Chairman Hans Jürgen Kerkhoff stated, in a release announcing the worldsteel Short Range Outlook 2015-2016.

Crude steel production declined by 3.1 percent in October in China compared to the previous year, mirroring a decrease of 3.1 percent in world crude steel production between the same periods, according to a worldsteel report on October 2015 crude steel production.

Steel prices have decreased by more than 33 percent in China in 2015, reaching a record low of 1,733 Chinese yuan (about $272) on Nov. 18. “With China producing 800 million tons of steel a year—four times more than any other country has ever produced—the sector is in severe overcapacity of some 400 million tons as construction slows in the world's second largest economy,” CNBC reported in an article on why China steel prices hit record lows.

Scrap metal prices have also plunged. Sims Metal Management cited a 30 percent drop in ferrous prices from mid-September to November in announcing cost-cutting initiatives for North American scrapyards on Nov. 18.

When do you expect scrap prices to increase? And what is your steel market forecast for 2016?

Tell us and we will let you know how your predictions compare to those of other recycling industry professionals. Click here to take our Scrap Market Outlook Survey and request a copy of the results.



Photo courtesy of worldsteel.
- See more at: http://www.scrapyardpro.com/Home/19/Steel-Market-Forecast-for-2016-Slightly-Optimistic-#sthash.JjuPxl2H.dpuf

Chinese steel mill bankruptcies are expected to begin choking capacity. As a result, steel supply will decline as overall global demand for steel in developed and emerging markets, such as China and Brazil are likely to continue growing year over year.

EUROPEAN STEEL PRICES ADVANCE IN MARCH
Mar 23, 2016 | WSN Admin | No comment | Steel Price News
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European flat product transaction values rebounded, in March, as import pressure from non-EU suppliers declined.

In March’s issue of the European Steel Review, MEPS reports that European selling values increased, from relatively low levels, this month, after falling for much of last year.

Western European steelmakers announced their second price hike, since the start of the year. Buyers appear to be placing orders at the higher price level due to a lack of attractive import offers.

Quotations from Chinese mills rose significantly, this month. The introduction of preliminary antidumping duties on cold rolled coil from China and Russia also hampered import penetration from overseas suppliers.

In Germany, customers reported that order intake had improved. French service centres noted that flat product market activity remained firm, in March.

Positive price movements have been recorded in Italy. UK selling figures were boosted by improved distribution activity.

In Belgium, domestic figures are higher than those in February. Tighter supply availability lifted Spanish transaction values, this month.

EPF Acquired 1,715,900

PONTIAN: The Tanjung Bin Energy power plant or T4, a RM6.7 billion project, located within the Tg Bin Complex, began operations today. It marks a milestone for Malakoff Corporation Bhd, increasing its multi-fuel portfolio net generating capacity in Peninsula Malaysia from 5,346megawatts to 6,346megawatts. Tanjung Bin Energy S/B assistant project director Mohd Syahrul Izwan Ismail said the opening of the company's sixth power plant has increased its market share from 24 per cent to 29 per cent. "The 1,000 megawatt T4 is Malaysia's first Independent Power Producer (IPP) project awarded by the Energy Commission via a competitive bidding process," Izwan said. The commissioning of T4 has re-affirmed Malakoff as the leading IPP in the country. "The 65-hectare T4 located adjacent to the existing Tanjung Bin Power Plant which is made up of three plants is able to generate 700 megawatts each, making it a total of 2,100mw.” However, T4 is able to generate 1,000mw upon demand and this is estimated to provide energy to two million people, making it the biggest power plant in the state. "The plant deploys GE Steam Power System, an efficient technology solution that ensures affordable electricity at lower environmental impact," he added.

Read More : http://www.nst.com.my/news/2016/03/134172/malakoffs-t4-power-plant-begins-operations-today

sleeping counter

Quarter Result Should be Released This few days.

Price Burst Soon

Top up some @ 2.04

Heading to 0.16

EPF bought back signal confident on HSL, TP 2.50

See MMC

TP 3.05

http://www.theedgemarkets.com/my/article/mmc-could-benefit-impending-kvmrt2-package

The Board of Directors of MMC Corporation Berhad is pleased to recommend the payment of a final single-tier dividend of 3.8 sen per ordinary share on 3,045,058,552 ordinary shares amounting to RM115,712,224.98 for the financial year ended 31 December 2015, subject to the approval of the members at the forthcoming fortieth (40th) Annual General Meeting of the Company.

The notice of the book closure and date of payment in respect of the aforesaid final single-tier dividend will be determined and announced in due course.

LEMBAGA TABUNG HAJI BIG BOSS ACQUIRING

PETALING JAYA: MMC Corp Bhd is expected to benefit from Tanjung Bin Energy (TBE) power plant that is now operational ahead of schedule, which is also timely to cater for the country’s all-time high electricity demand.

TBE is wholly-owned by Malakoff Corp Bhd, which in turn is a 37.6% associate of MMC. TBE that operates a 1,000MW coal fired power plant (T4) with a 25-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) obtained its commercial operational date (COD) on Monday.

According to MIDF Research, TBE has raised Malakoff’s effective capacity by 19% to 6,346MW.

“We have imputed the share of earnings from Malakoff into our forecasts. We believe the news is positive for MMC as the COD for TBE is slightly ahead of consensus estimate in April,”it said in a report yesterday.

MMC, a utilities and infrastructure group, saw its net profit more than double to RM1.64bil last year, mainly attributed to exceptional gains arising from the RM1.3bil listing of its energy unit, Malakoff, in May last year.

The surge in net profit was also attributed to the fair value re-measurement in NCB Holdings Bhd’s investment of RM143.5mil.

MIDF said the COD for TBE could not have come at a better time following TNB’s announcement last week that electricity usage reached a new high of 17,175MW due to the current heat wave thus reducing the electricity reserve margin to about 21%.

“This is below the 25% benchmark which we believe is more conducive for electricity security,” said MIDF that reiterated a ‘buy’ call with unchanged target price of RM3.05.

MIDF also highlighted that MMC could be a beneficiary of positive news flow in the coming months with the impending roll out of the mass rapid transit line 2 (MRT 2) tunnelling package of which MMC-Gamuda joint-venture is a top contender.

“In addition, the entire MRT 2 project could be valued above its initial estimates due to realignments. Further clarity on MMC’s plans to list its ports assets could also provide additional feel-good factor for the stock,” it said.

Zooming in on Malakoff, Affin Hwang Investment Bank was “neutral” on this development as TEB has achieved commercial operation as expected in March 16 and this has already been reflected in its earnings forecast.

“Malakoff’s 2016 earnings is expected to grow by 20% given the higher net effective generation capacity with TEB,” said Affin Hwang that maintained a “buy” call with a target price of RM1.92.

This counter still very cheap. TP 3.0

PETALING JAYA: MMC Corp Bhd is expected to benefit from Tanjung Bin Energy (TBE) power plant that is now operational ahead of schedule, which is also timely to cater for the country’s all-time high electricity demand.

TBE is wholly-owned by Malakoff Corp Bhd, which in turn is a 37.6% associate of MMC. TBE that operates a 1,000MW coal fired power plant (T4) with a 25-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) obtained its commercial operational date (COD) on Monday.

According to MIDF Research, TBE has raised Malakoff’s effective capacity by 19% to 6,346MW.

“We have imputed the share of earnings from Malakoff into our forecasts. We believe the news is positive for MMC as the COD for TBE is slightly ahead of consensus estimate in April,”it said in a report yesterday.

MMC, a utilities and infrastructure group, saw its net profit more than double to RM1.64bil last year, mainly attributed to exceptional gains arising from the RM1.3bil listing of its energy unit, Malakoff, in May last year.

The surge in net profit was also attributed to the fair value re-measurement in NCB Holdings Bhd’s investment of RM143.5mil.

MIDF said the COD for TBE could not have come at a better time following TNB’s announcement last week that electricity usage reached a new high of 17,175MW due to the current heat wave thus reducing the electricity reserve margin to about 21%.

“This is below the 25% benchmark which we believe is more conducive for electricity security,” said MIDF that reiterated a ‘buy’ call with unchanged target price of RM3.05.

MIDF also highlighted that MMC could be a beneficiary of positive news flow in the coming months with the impending roll out of the mass rapid transit line 2 (MRT 2) tunnelling package of which MMC-Gamuda joint-venture is a top contender.

“In addition, the entire MRT 2 project could be valued above its initial estimates due to realignments. Further clarity on MMC’s plans to list its ports assets could also provide additional feel-good factor for the stock,” it said.

Zooming in on Malakoff, Affin Hwang Investment Bank was “neutral” on this development as TEB has achieved commercial operation as expected in March 16 and this has already been reflected in its earnings forecast.

“Malakoff’s 2016 earnings is expected to grow by 20% given the higher net effective generation capacity with TEB,” said Affin Hwang that maintained a “buy” call with a target price of RM1.92.

Brunei economy greatly affected by low oil price. The payment will not be guaranteed on time. Advice NOT too optimistic

Because of incident http://www.theedgemarkets.com/my/article/explosion-brussels-metro-station-close-eu-institutions-rtbf

usb 1 = myr3.99

Buy AIRASIA, AAX, TUNEPRO

Bought MMC at 1.89

Hock Seng Lee Bhd
March 21 (RM2.09)
Maintain buy with a higher target price (TP) of RM2.64: Hock Seng Lee Bhd (HSL) has secured a larger-than-expected RM1.71 billion roadwork package for the Pan Borneo Highway just a day after it won an RM750 million Kuching centralised sewerage contract. We maintain “buy”, with our TP raised to RM2.64 (from RM2.54), after incorporating higher contributions from this project.

Hock-Seng-Lee_chart_fd_220316

Aside from its fruitful job wins, HSL has been enjoying higher margins vis-à-vis its peers in Peninsular Malaysia, given the less intense competition from a smaller pool of contractors. Therefore, we reiterate “buy” on HSL and raise our sum-of-parts valuation-based TP to RM2.64. We value its construction unit based on 12 times forecast financial year 2017 (FY17) price-earnings ratio (PER), in line with our 10 times to 14 times target one-year forward PER for small- and mid-cap construction stocks. Separately, we value its property unit at a 35% discount to revised net asset value and add its net cash as at Dec 31, 2015.

Its 70%-owned consortium — Dhaya Maju Infrastructure (Asia) Sdn Bhd — was awarded a RM1.71 billion contract by Lebuhraya Borneo Utara Sdn Bhd for the development and upgrading of the proposed Pan Borneo Highway in Sarawak (Phase 1), from the Bintangor junction to the Julau junction and from Sibu Airport to Sungai Kua Bridge.

The scope of work for this project includes earthworks, piling, drainage works, roadworks, interchanges, bridges, and related mechanical and electrical works. The contract period is for 51 months.

HSL’s latest win of the Pan Borneo roadwork package was not a surprise. We had earlier anticipated the company to secure a slice of the action in this RM16.1 billion project, given its dominant position in the state’s construction sector.

That said, the contract value is 41.5% larger than our original estimate of RM1.2 billion.

However, we prefer to be prudent in assuming a net margin of 10% for this project, relatively lower than its historical net margin ranging from 11.6% to 15.5%. Coupled with the Kuching City Central Wastewater Management System (Package 2) project worth RM750 million, we believe both projects will keep the company busy for the next four to five years.

Similar to the sewerage project, we expect the company to set up a new joint-venture (JV) company to carry out works for this project. Pursuant to the FRS 11 accounting standard, we believe that contributions from this new JV would be equity-accounted. Despite a revenue drop as both mega projects are expected to be equity-accounted, we have raised our FY16 to FY18 earnings estimates by 0.6% to 6.9% respectively. A key downside risk is an escalation of input and labour costs that could crimp profitability. — RHB Research Institute, March 21

This HSL good in COST CONTROL. They don't simply pay SUBCON money without supporting document like as-built drawing, measurement, actual site dimension and etc to avoid unnecessary OVERPAID or CONFLICT OF INTEREST or CORRUPTION

Heading to 1.50

HSL also doing developer

Heading to 1.49

small portion only

Just bought some again at 1.48

One of the favourite counter for Sarawak Election. CM Adenan going to meet Tun Taib for approval soonest

just bought some at 1.47 hopefully not TOO LATE

Miri-Brunei seriously jungle burning continuing. Very hot weather

Because EPF playing sabotaj. They crazy of cash and disposing for their own reason like investing MBSB. Not worry for HSL. Like they disposed AA few weeks ago but share price still up. I believe HSL will becoming Sarawak Version of Gamuda

http://www.theedgemarkets.com/my/article/stock-momentum-hock-seng-lee-2

This might be ONCE IN THE LIFETIME to buy HSL. Therefore don't miss the train

Yesterday Sewerage 0.7b and today 1.7b, GOOD START Y16 FOR HOCK SENG LEE

The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that the Consortium of Hock Seng Lee Berhad – Dhaya Maju Infrastructure (Asia) Sdn. Bhd. Joint Venture, an unincorporated joint venture between Hock Seng Lee Berhad and Dhaya Maju Infrastructure (Asia) Sdn. Bhd., has been awarded a Contract by Lebuhraya Borneo Utara Sdn Bhd for the DEVELOPMENT AND UPGRADING OF THE PROPOSED PAN BORNEO HIGHWAY IN THE STATE OF SARAWAK, MALAYSIA - PHASE 1: BINTANGOR JUNCTION TO JULAU JUNCTION AND SIBU AIRPORT TO SG. KUA BRDIGE (INCLUDING BATANG RAJANG BRIDGE). The Project is worth Ringgit Malaysia One Thousand and Seven Hundred and Ten Million, Four Hundred and Thirty One Thousand, Seven Hundred and Eighteen and Sen Ninety Only (RM1,710,431,718.90) and Hock Seng Lee Berhad has 70% equity in the Consortium.

The scope of works for the Project includes earth works, piling, drainage works, road works, interchanges, bridges and its related mechanical and electrical works.

The contract period for the completion of the Project is 51 months. The Contract is expected to contribute positively to the earnings and net assets of HSL Group as the Project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.

None of the directors and/or major shareholders of HSL or persons connected to them have any interest, direct or indirect, in the above contract.

The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that the Consortium of Hock Seng Lee Berhad – Dhaya Maju Infrastructure (Asia) Sdn. Bhd. Joint Venture, an unincorporated joint venture between Hock Seng Lee Berhad and Dhaya Maju Infrastructure (Asia) Sdn. Bhd., has been awarded a Contract by Lebuhraya Borneo Utara Sdn Bhd for the DEVELOPMENT AND UPGRADING OF THE PROPOSED PAN BORNEO HIGHWAY IN THE STATE OF SARAWAK, MALAYSIA - PHASE 1: BINTANGOR JUNCTION TO JULAU JUNCTION AND SIBU AIRPORT TO SG. KUA BRDIGE (INCLUDING BATANG RAJANG BRIDGE). The Project is worth Ringgit Malaysia One Thousand and Seven Hundred and Ten Million, Four Hundred and Thirty One Thousand, Seven Hundred and Eighteen and Sen Ninety Only (RM1,710,431,718.90) and Hock Seng Lee Berhad has 70% equity in the Consortium.

The scope of works for the Project includes earth works, piling, drainage works, road works, interchanges, bridges and its related mechanical and electrical works.

The contract period for the completion of the Project is 51 months. The Contract is expected to contribute positively to the earnings and net assets of HSL Group as the Project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.

None of the directors and/or major shareholders of HSL or persons connected to them have any interest, direct or indirect, in the above contract.