Stochastic Oscillator shows overbought signal....price going up!

Stochastic Oscillator shows oversold.... tomorrow bounce back

Bullish engulfing...tomorrow fly again!

Bulish Engulfing...

Calvin still writing some other counter..... refer this link http://klse.i3investor.com/servlets/cube/post/calvintaneng.jsp

Stochastic Oscillator shows over sold signal....price will bounce back!

Stochastic Oscillator shows over sold.....next week up trend

Old News but share the information.......

MUI Prop units sell stake in George Kent

MUI Properties' wholly-owned subsidiaries Cesuco Trading Ltd and Bahtera Muhibbah Sdn Bhd have disposed of 16.06m shares or a 7.13% stake of George Kent for RM13.97m. The disposals were made through Bursa Malaysia. Cesuco is a Hong Kong incorporated company with investment holding as its principal activity. It is wholly owned by MUI Properties. MUI Properties said that the disposals will enable MUI Properties to unlock the value of the sale shares at fair prices. The disposals have resulted in a gain on disposal of RM4.35m, based on its original cost of investment. (StarBiz)









Source: CIMB Daybreak - 18 April 2013

Stochastic Oscillator shows overbought....... Price will drop then up

MAS - Stochastic Oscillator shows over sold signal... price will go up

pmcorp Stochastic Oscillator shows Over Sold Signal.......i think price will go up!

Article rank 11 Dec 2013The Star MalaysiaBy LIZ LEE lizlee@thestar.com.my PETALING JAYA: MBSB has been closing the gap between its organisation’s structure and that of a bank in the past few years, putting in place policies, procedures and systems that would make it behave and look like a bank.
MBSB ready to be a bank

Injection of RM1.47bil capital shows the ability to move forward, it says

The Malaysia Building Society Bhd (MBSB) hints that it is ready to be a bank, noting that its latest rights issue to strengthen its capital base is a major step in that direction.

When asked if the financial provider was ready to assume a banking position, president and chief executive officer Datuk Ahmad Zaini Othman said the injection of RM1.47bil capital signals MBSB’s ability to move forward to be a bank.
“The rights issue and support from the shareholders are a big step to becoming a fullfledged bank,” he told reporters after the EGM, “In terms of banking capital requirements, they are all there.”
He added that the group had been closing the gap between its organistion’s structure and a bank’s in the past few years, putting in place policies, procedures and systems that would make MBSB behave and look like a bank.
Zaini added that Ernst & Young had been looking at its proposition and MBSB had also kept Bank Negara in the loop of its progress.
“The two options always been there – to go on our own or by way of major merger and acquisition (M&A) – and it is up to the shareholders to decide which is the most optimal option,” he said.
“Hopefully, next year there will be something,” he said, hinting on a consolidation or M&A.
“Any form of M&A is good for us. We’ve been lending for over 60 years, so what more can do we now. Either you close shop or you move into a structured environment,” he said.
Zaini added: “So much growth in the past four years is based on business as usual – personal financing, home mortgages and pockets of corporate business – but the banking world is bigger than that. We don’t have access to trade finance, forex, money markets.
When asked if MBSB saw value in merging with RHB, he said any form of integration with any financial institutions would be good for MBSB. MBSB clarified that it was not applying for a banking licence.
MBSB also target 15% of increase in revenue in 2014, as it balanced its portfolio between retail and corporate businesses.
At the moment, the financial provider’s operations have a 75:25 retail to corporate ratio. The group intends to balance it to 60:40 next year, and 55:45 in 2015.
For the corporate segment, it target a 15% to 20% increase in loan growth in 2014.
In its nine-month ended Sept 30 results, MBSB’s revenue rose to RM1.82bil from RM1.34bil, buoyed by its retail business although Zaini said the segment registered slower growth.
The three resolutions set out in the EGM were resolved, allowing the financial provider to proceed with its rights issue exercise to raise RM1.47bil, its dividend reinvestment plan (DRP) as well as its acquisition of office development from PJ Sentral Development Sdn Bhd.
The rights issue involve the issuance of up to 889.80 million rights shares at RM1.65 each.
The funds raised was to strengthen MBSB’s capital base while the DRP will allow shareholders the option to elect and reinvest their dividend entitlements in new MBSB shares. The proposed building, to be acquired and developedforacashconsiderationofRM239mil, will be MBSB’s new office in three years.
Zaini said there would be no major capex in 2014, apart from the building acquisition.
“Despite the challenging market in the telecommunications industry, this business segment is expected to continuously grow its subscriber base to generate higher revenue.”
Goldis’ waste water treatment segment brought in revenue and pre-tax profit of RM7.5mil and RM1.8bil respectively, compared to revenue of RM2.2mil and loss of RM200,000 recording in the same quarter last year.
The food and beverage segment also posted lower revenue of RM3.2mil, compared to RM3.4mil a year ago.
For the nine-month period, Goldis’ revenue stood at RM87.42mil, 30% higher than RM67.19mil a year ago. Net profit for the period was RM111.78mil, from RM61.6mil previously.

mktwatch please write this slogan in pmcorp official website.....so reach to management!

In Penang lot of sales Tudor Gold, I noticed in Giant, 711 shop and Gama, next to Gama there is one whole sale shop, they also selling lot Krispy, Tango choclates.

I introduce Tudor Gold at Enrico Sundry shop at Penang, recently i noticed they start selling Tudor gold.

Stochastic Oscillator shows overbought signal, price going to drop...

Calvin you can convince board of directors, what you written here because you are one of the major share holder in PMCORP!.

cont....
The amount of E-waste generated in Malaysia has grown from 40,275.2 tonnes in 2006 to 78,278 tonnes last year, which is a compounded annual growth rate of about 12%.
In 2012, E-waste constituted 4.6% of total wastes generated.
By the year 2020, a total of 21.4 million tonnes of E-waste will be generated inMalaysia, driven mainly by the growth of the electrical and electronics (E&E) industry, according to the reports.
Infortech points out that the E&E industry is one of the National Key Economic Area (NKEA) of the Economic Transformation Programme and receives prioritised Government support including funding and top talent.
The ETP aims to revitalise the E&E industry, it notes by increasing gross national income to RM90.1bil by 2020 and providing an additional 157,000 high andmedium-skilled jobs, suggesting the immense potential for the E-waste industry.
While themargins of the E-waste recyling business cannot be immediately verified, observers say that it should be “good”, considering such a business needs a specific level of expertise as well as needs to fulfil licensing requirements by the Government.
Infortech in its circular says JMI had in Dec 2005 obtained its partial discovery waste license and obtained the full license two years later, enabling its to buy waste, recycle ferrous and non-ferrous precious metals as well as trade such metals.
It has also obtained licenses from the Department of Environment to handle other hazardous waste like solder waste, metal hydroxide, spent acid and photographic waste.
Before it obtained the licences, JMI was only involved in activities like the sorting and dismantling process of E-wastes.
It appears that investors have so far given their thumbs up for this deal if the share price performance of Infortech is anything to go by.
The shares in the company have risen more than 70% in the past one week and is currently trading at its highest in more than five years at 52 sen.
Notably, the company which has been in financial doldrums for the longest time has also recently completed a share placement to private investors which raisedmore than RM20mil.
Themoney, according to the source will be used for the company’s working capital.
Infortech, like many IT-based companies made a blazing entrance into the Mesdaq market (as it was known then) a decade ago, riding on the immense hype that surrounded the sector then.
Its share price doubled less than a month after its initial public offering.
However, likemany IT firms it fell victim to intense competition, competitive pricing of its products and lack of demand.
Consequently, its financial results and share price performance reflected these.
And now, it remains to be seen if this new business of it will allow it to enjoy sustainable investor interest.

Today The Star BIz News....
Infortech cashes in onwaste
ACE market firm buying JMI to boost recycling business

HOMEGROWN software company Infortech Alliance Bhd is finally on its way to entering the recyling business which it sought to penetrate more than two years ago.
The ACE market company recently confirmed that it will be buying local outfit Jaring Metal Industries Sdn Bhd (JMI) for RM64.8mil.
Shareholders gave their nod for this deal at an EGM which was held on Nov 27.
JMI’s principal activities involve the recycling of industrial and electronic wastes (E-waste) to help produce ferrous, non-ferrous and precious metals which are then sold both here and overseas in markets like China and Japan.
Its customers are mainly traders and smelters and include steel mills.
In return for the purchase of JMI, which will be paid for by the issuance of 462.86 million new 10 sen shares in Infortech at 14 sen each, Infortech, which is currently lossmaking, will be given an annual profit guarantee of not less than RM9mil, according to a circular send out by the company to its shareholders.
This is expected to kick in immediately.
For the financial year ended Dec 31, 2012 JMI, which is a familyowned concern made a net profit of RM8.5mil.
In its circular, Infortech claims that there is no company listed on Bursa Malaysia which may be considered identical to JMI in terms of scale and business activity, among others.
However, it notes that JMImay face challenges “in the future” with the emergence of new entrants in the market as Malaysia becomes increasingly aware when it comes to the environment.
JMI first penetrated the E-waste business in the late 1990s.
According to its corporate website, the company has been involved in waste reduction and recovery strategies, specialising in scrap removal and recycling for local industrial institutions since 1997.
Infortech had announced the same proposed purchase of JMI as far back as two years ago but according to one source, more time was needed by the authorities to verify certain information on the deal.
“We are quite confident that this new business will be the next phase of growth for the company and offer some value for shareholders,” chairman and director Tan Siew Ching tells StarBizWeek via a short email.
Infortech’s single largest shareholder is Siew Ching who is a family member of the late Tan Sri Tan Yuet Foh, the founder of Tan Chong Motors Holdings Bhd.
She controls some 18% of the company and emerged in the company some two years ago.
Siew Ching was made chairman and director of the company on Nov 29, 2012.
Industry observers say that it is not entirely surprising that Infortech has chosen to go into the E-waste recyling industry by swallowing up JMI.
While it appears completely out of its league given that it is an IT firm, many companies these days are finding ways to diversify their earnings streams by partnering with industry experts, they point out.
Infant stage
cont.....

Calvin came back. I think he went to iskandar........ Don't panic. Big shark game they get ready to accumulate......, Fourmer writing their opinion here Just listen what they saying don't decide with their opinion. Sure every one make money from PMCORP. CFO resigned but he is not owner of the company!

From Today Star Business News....
Analysts: MAS must cut costs, boost revenue
Malaysia Airlines (MAS) still faces headwinds as its yields remain under pressure while a high cost structure offsets its efforts to spur sales, according to analysts.

Not positive:
RHB Research said in a note to investors that despite the flag carrier’s strong loads in the third quarter, its yield erosion and “sticky” cost structure resulted in a core loss of RM278mil during the period.
“Its dynamic pricing strategy and high fleet utilisation helped to bolster revenue, but depressed yields capped revenue growth while its high cost structure wiped out the topline contribution.
“Moving forward, apart from growing its revenue, MAS should start to more effectively keep a lid on costs. Otherwise, we foresee it continuing to face challenges,” RHB Research said.
In the three months to September, MAS posted a larger-than-expected net loss of RM375.44mil, versusanetprofit ofRM37.08mil during the same period last year. Turnover rose 12.4% to RM3.91bil from RM3.47bil previously.
For the nine-month period, its net loss widened to RM830.25mil from RM483.96mil a year ago as MAS slashed air fares to protect its market share. Revenue climbed 13.5% to RM11.22bil against RM9.89bil.
Aviation analysts now believe the national airline is unlikely to return to the black by end2014 as outlined in its turnaround plan.
MAS’ shares had tumbled since the results were announced to 31 sen yesterday, near its 52-week low of 29.5 sen.
The airline’s October operating statistics showed that its load factor dipped slightly to 78.4% from 81.1% the month before, but was still an improvement over 73.5% in October last year.
Its passenger load factor fell to 81.2% in October from 86.5% in the preceding month as revenue passenger kilometres for both domestic and international flights declined, although available seat kilometres grew in tandem with the carrier’s’ strategy to increase flight frequency. Cargo volumes were flat in October. “All in, the carrier’s load-active strategy led to improved loads versus the 10-month period in 2012,” RHB Research said.
The brokerage upgraded MAS to “neutral” from “sell” but maintained its fair value of 30 sen.

From today Star news.... MRCB eyes big sum for assets
It prefers payment in cash to enhance liquidity

Malaysian Resources Corp Bhd (MRCB) threw out the kitchen sink in the third quarter ended Sept 30 and may end up in the red for the full year of 2013.
The conglomerate may be monetising some of its mature assets for a “substantial” sum to be concluded in January, according to sources.
“The recent disposal of GTC Global Sdn Bhd for RM45mil is considered small, there should be something more substantial going forward,” a source said but declined to elaborate.
It is possible thatMRCB will dispose of itsnon-coreunitMRCBTechnologies Sdn Bhd that provides information technology services and professional outsourcing, another source said.
That is on top of its plans to sell its 30% stake in Duta-Ulu Kelang Expressway, which is believed to be worth RM200mil.
“The company would prefer to receive payment in cash as that would enhance the its liquidity,” said the source.
MRCB is also looking to monetise Platinum Sentral, an office property located within the group’s flagship KL Sentral project.
It is learnt that the group is considering several ways to unlock the value of the property tomatch its monetisation goals.
CIMB Research previously noted that the sale of Platinum Sentral would raise its realisable net asset value by 9%. MRCB’s net gearing stood at 1.7 times while total borrowings was RM3.4bil as of September 2013.
Analysts also pointed out that the potential toll collection at the Johor Baru Eastern Dispersal Link Expressway could enhance its cashflow especially with the improving traffic volume.
An analyst from Kenanga Research said he was turning more positive on the company because it was making efforts to clean up the books by making all the provisions in the third quarter.
He also liked the prudent management under the new leaders and the restructuring undertaken to turn the company around.
“Due to the provisions, the company may be making losses for full financial year ending Dec 31 but it should be turning around well in 2014,” he told StarBiz. MRCB reported a loss of RM122mil in the third quarter ended Sept 30, with ninemonths deficit of RM111.3mil.
According to the analyst at Kenanga, MRCB had guided that the company would unlock its property value by launching more projects going forward while rationalising its construction arm.
Another analyst from a bankbacked research house concurred that the construction firm could see earnings recovery next year and noted that investors will have to be patient before seeing positive results from the kitchen sinking exercise.
He did not expect such provisions in the next quarter and in 2014 and pointed out that the provisions could be written back in the future.