Share price depressed from 1.13 to 1.07 on 7 sept before knowing Maybank IB report issued on 8 sept evening indicating the motif of the big player/client which i guess from maybank IB to collect as much as share at lower price if retailers blindly sell off their share by next week. Some retailer may think that this is not a good news & feel that no point to hold on and start switching their fund to other hot stock(eg.steel counter). As what Mr.Koon said we shouldn't sell as many fund manager & big client has started accumulate or absorb the share from small retailer. Both HLB & Maybank IB had raised up their target price but has yet to encourage investor to buy is telling us the share price will go up very soon and they will issue buy call once their 1st target price being achieved. Happy trading !

Although China’s growth has slowed recently, the country’s demand for oil could be entering a period of faster growth that could result in substantially higher oil prices.

The steep fall in the oil price three years ago that has caused havoc in the offshore oil and gas industry wasn’t foreseen by more than a handful of observers. There is a lot of talk around the oil price being lower for longer or even ‘lower for ever’ but is that really the case? The orthodox view now is that it will be lower for longer – maybe for ever – but with the International Energy Agency forecasting a global supply shortage by 2020 if underinvestment continues, might there be an upturn in prices? Economists at the Federal Reserve Bank of San Francisco believe that there might be, but not just because of underinvestment.

In a research paper of 21 August 2017, Forecasting China’s Role in World Oil Demand, Deepa Datta and Robert Vigfusson said they believe that, although China’s growth has slowed recently, the country’s demand for oil could be entering a period of faster growth that could result in substantially higher oil prices.

“Analysis based on the global relationship between economic development and oil demand illustrates the prospects for Chinese oil demand growth,” they said, noting that before the shale revolution there was rapid demand growth from emerging market economies. Propelled by robust GDP growth, China’s demand for oil nearly doubled in a decade, and other emerging markets experienced similar growth. As a consequence, oil prices soared in 2007 and 2008.

Most studies assume that shifts in global demand over the next decade will be gradual, with oil prices continuing to be driven primarily by supply and that the resilience of US shale oil production – both to lower oil prices and to co-ordinated actions by OPEC countries – will mean that any oil price recovery will remain subdued.

However, they say, one potentially important source of future rapid growth in demand and thus in prices could come from emerging market economies, especially China. If China were to experience a high level of growth, they suggest, Chinese oil demand could double by 2025. Even in a scenario with more moderate growth and less energy-intensive choices, China’s oil demand would still grow by over 30% by 2025.

“To the extent that US and foreign oil producers do not anticipate this demand increase, prices would have to rise, perhaps dramatically,” they explained, noting that as economic development continues in China, its share of global oil demand is likely to expand further. Although China won’t match the level of per capita demand among developed nations anytime soon, its large population implies that even modest increases in per capita consumption may have dramatic effects on global energy markets.

Datta and Vigfusson admit that there are caveats to their analysis. It does not consider any existing or potential policies specific to China that encourage or discourage oil consumption. China could also adopt more energy efficient technologies or to limit carbon emissions.

Moving from projections of China’s oil demand to the implications for oil prices, they considered the outlook for supply and other countries’ oil demand. One such analysis by the Energy Information Administration in the US forecasts the price of oil rising only gradually, from about US$55 per barrel in 2015 to US$90 per barrel in 2025; it also forecasts China’s oil demand in 2025 to be significantly below Datta and Vigfusson’s forecasts. “At the lower end of our range, China’s demand would grow a bit faster, likely pushing prices above the US$100 per barrel mark. However, if China’s oil demand were to reach the higher end of our range of projections, the market would be surprised by additional demand of up to 7 million barrels/day relative to the EIA forecast,” they said.

Given such a significant increase in demand, how much would oil prices rise? If supply did not increase to meet the additional demand growth, oil prices would have to almost double from US$90 to US$172 per barrel to balance demand and supply in their high-demand scenario. Although this represents an extreme and less likely outcome, it does highlight the risk of unexpectedly strong demand growth.

http://www.osjonline.com/news/view,price-spike-could-follow-if-chinas-role-is-underestimated_48953.htm

ALE complete transport, load-out and jacking-off of a liftboat in Ras Al Kheimah, UAE
By Svetlana Modeva, August 15, 2017,

ALE has successfully completed the transport, load-out and jacking-off of a liftboat, weighing 5,800t, at Eversendai Offshore’s fabrication yard in Ras Al Kheimah, UAE.
ALE used 204 axle lines of SPMTs in a configuration of 6 x 2 file 34 to perform the transportation and load-out of a liftboat. After the liftboat had been loaded-out, the liftboat’s legs were lowered onto the seabed. Then, on a falling tide, ALE simultaneously ballasted the barge, allowing the liftboat to be clear from the SPMTs and be self-supporting.

The weight and Centre of Gravity (COG) of the liftboat, combined with the capacity of the barge and the high quayside at site, severely restricted the suitable tides for the operation. The tide had to be closely monitored before ALE could perform the load-out with a -300mm difference between the predicted and actual tides. Only three days per month had a strong enough tide to allow the operation to proceed. ALE executed a night load-out on the last possible tide of the month.

The barge selected had a limited gap of just 140mm between the liftboat legs’ spudcans and the side of the barge. This meant the accuracy of trailer locations was strictly controlled, along with the removal of the barge via a winching operation being operated with extremely tight dimensional control.

https://www.vesselfinder.com/news/9940-ALE-complete-transport-load-out-and-jacking-off-of-a-liftboat-in-Ras-Al-Kheimah-UAE

The research house has upgraded Ann Joo Resources Bhd to a “buy” with a target price of RM3.80 noting that the company had an extended earnings visibility and effective capital management that should lift its valuations.

UOB Kay Hian noted Ann Joo’s policy of up to a 60% dividend payout implied a dividend yield of 6.6%.

In 2016, Ann Joo distributed 45% of its earnings to shareholders, translating into a dividend yield of 4.8%, it said.

“Ann Joo is our top pick, while notable stocks include Choo Bee, Masteel, CSC Steel and Prestar.

“We expect investors to give due attention to the steel sector, given the sector’s cheap (single-digit) PE multiple in the third quarter, rising domestic demand (amid growing mega project construction activities) and the dearth of alternative compelling investments,” it said.

The research house also upgraded the sector to an “overweight.”

It also noted that while most steel companies traded at about six times price to earnings ratio, Choo Bee and Masteel traded at only half their respective book values.

“Masteel is also a laggard. Prestar comes across as interesting, riding on upcoming highway projects,” added UOB Kay Hian.

Read more at http://www.thestar.com.my/business/business-news/2017/08/23/exceptional-q3-earnings-seen-for-steel-firms/#poEPrfTDMqH8XKdl.99

@Dolly_Chai2, agreed with your point of view. We can't predict the lowest or highest price.

Cotton price decreased 11.09 Cents/lb or 14.28% to 66.54 on Thursday July 13 from 77.63 in June 1.

2000 lots accumulated by EPF from 4- 6 July. I think the average cost is about 1.34 to 1.35. Pls take note, i marked down this information is for my reference. I have no intention to made any buy call for this counter.

Latest announcement : 1/3 of the total share transacted on 6 July brought by EPF
.

@nikicheong, Islamic fund is not a MUST, but is advised to dispose of their holding. See below for details...

Treatment of Shariah Non-Compliant Securities
Frequently Asked Questions
1.How should I treat Shariah non-compliant securities that I currently hold?
For investors who invest based on Shariah principles, the Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) advise to dispose of any Shariah non-compliant securities which they presently hold, within a month of knowing the status of the securities.

2.Can the return from the disposal of Shariah non-compliant securities be kept?
Any return, either in the form of capital gain or dividend, received during or after the disposal of the securities has to be donated to charity. The investors nonetheless have a right to retain the original investment costs.

3.Can Shariah compliant securities be reclassified as Shariah non-compliant?
Securities can indeed lost their Shariah compliant status due to reasons such as changes in business operation. Takeover and merger and acquisition (M&A) can also cause securities to become Shariah non-compliant.

4.How should I treat securities that have been reclassified as Shariah non-compliant?
For securities that have lost their Shariah compliant status, investors must liquidate them promptly. Any capital gain arising from the disposal of these Shariah non-compliant securities made at the time of the change-in-Shariah-status announcement can be kept by the investors.

5.Can the disposal of Shariah non-compliant securities be done after the announcement day?
For disposal after the announcement day, any excess capital gain derived from market price higher than the closing price on the announcement day should be donated to charitable bodies.

Nonetheless, investors are allowed to hold their investment in the Shariah non-compliant securities if the market price of the said securities is below the original investment costs. It is also permissible to keep the dividends received during the holding period. Once the total amount of dividends received and the market value of the Shariah non-compliant securities is equal to the original investment costs, investors are advised to dispose of their holdings.

Toto2009, we should hold on. The price nearly hit bottom..next monday will know any action taken by EPF..because on 1st trading day tis week, the price is well supported at 1.40 to 1.41. I' m interest to know who absorb the share..if the buyer is EPF, then share price will rebound.

Skliew, u r sharing good information. We r not to lure people to follow our investment.

Skliew, Good sharing. We are here to share our view and opinion and not to lure people to support our investment. As an investor, we are keen to see the share price going up and up again. Despite we take profit on those good counter occasionally but we will re-invest if the price drop to reasonable level.

Fund managers will not subscribed right issue share if the factory expansion does not work well. If read through the annual report dated 30 Oct 2016, there are total 8 funds has subscribed the new share with free warrant given. They view the expansion is the right move to bring the company to greater higher level.

I strongly believed with new factory set up next year, revenue will go up substantially esp contributed from NIKE. Current setback is mainly due to factory capacity allocated to 4-5 main customers.Please bear in mind if one of those customer sales volume drop will affect total revenue and the available production capacity cannot be utilised for other customer due to orders contract. This could be the main reason why MAGNI is enjoying huge profit when NIKE sales is increasing as its only served one single major customer. In long run, Prolexus will win back the game with diversified customer.

Fund manager is doing bargain hunting now especially the Islamic fund is keen to offload their share. I guess off market deal has started today thus, we can see the share price has depressed to 1.30 . I brought some at 1.36 yesterday and this support level is so easily broken by today. Will monitor this on next few days to leverage down the total investment cost.

Yes, we r evaluate tis counter since theme park business has started but we r not so keen to invest now as the new business is control by state gov/prkcorp, i would prefer sanderson group to run the theme park at least can show a bit high standard. Theme park business can b very successful if all ppl can participate n hv fun instead of focus is only on children/kids to hv fun in the theme park.

We observed 4-5 ticketing counter open for annual/perak pass holder vs 2 ticketing counter for day pass..

Most of them go to redeem annual/perak pass, another misleading indicator to show outsider people that the theme park is very crowded, the process to redeem the pass at ticket counter is long as they need to snap photo. Some visitor said photo taken prior soft opening but why still need to snap again..the answer is please help them to be their supporter since got 1 free t-shirt given as complimentary gift. This create multiple complaints n unfair to those ppl who Hv brought the pass 1.5 years ago.

That is why we visit other country theme park instead of in Malaysia..our theme park really expensive n very low standard.

Wow, thestar news really go all out to promote MAPS, just because of the 15.5 mil budget for advertising n promotion.

We can found a lot of negative comments at face book _MAPS ANIMATION THEME PARK, pls take note that official MAPS website/FB has filtered a lot of negative comments...

To add on MAPS visitor was given wristband without barcode n there is no turnstile set up at main entrance, just wondering how they keep track the number of visitor..another big loophole observed during first visit. Hopefully this theme park running by state govermnent is not for charity purposes just like bulatan 18 build in front of casuarina hotel. I would foresee many visitor will have free entrance if the ground control is not tight enough.

I expect MAPS revenue to be 11.7 mil in 2017 with average 500 visitors per day. The reason i set such low number of visitor per day is because the facilities set up such as rides, performance stage, 4D theater, cafe n others are so small ..i wondering how to accommodate their target 7000 visitors per day. With 51% stakeholder, assume 6 mil revenue generated for prkcorp in half a year may not be good n i will foresee this theme park will b a burden to drag down overall profit of the group.

Just do a quick survey around all perakian, MAPS is worst than lost world tambun. Just compare entrance fee u will know that MAPS ticket price will reduce substantially after half or a year later..thus don't expect theme park can generate more profit for the group

Attended soft opening of MAPS, very disappointed coz i think only 50% rides is opened, other is closed under testing. All rides is fun fair standard, i wondering how long it will takes to make profit for the group. Long queue for 1st day is mainly due to annual/perak pass redemption as photo is required n it has taken very long hour to made the pass.

Great to see good new released!

What KYY said is correct. Just look at other steel stock like Annjoo, mycron. its share price drop after QR. Choo BEE (CB) is fortunate because big shark has selected it to lure other small fish chasing all steel stock as all will think that price will go up after releasing QR. Those master buy CB before QR is very lucky and earn the handsome money together with big shark.

look at the volume trend, u will realize that the big shark is playing T+3, anyway don't be so greedy to become their fish. Let them be a stupid shark. I would foresee the price retrace back to 0.60++ if no follower. Quarter result doesn't show great improvement thus current share price is already overvalued. Let focus on other under value stock

will expect the price re bounce back to 3.80 and above after selling off by EPF recently.

Higher revenue contribution is anticipated from the palm oil sector with the increase in FFB production
from growth of matured palms and forward sales of CPO at favourable prices for remainder of FY2017.
The timber division will be impacted by lower logs production and premium increment in second half
2017. However, this would be mitigated by higher selling prices for export logs. Pick up in demand of
plywood products for construction activities related to the Tokyo Olympics 2020 is expected.
Barring unforeseen circumstances, the directors are confident of a satisfactory performance for year 2017.

Q3 earning may not be affected in view of the duty (refundable in 2018) incurred for imported raw material. Production volume reported same as Y2016. EPS 2016 is 21 cents thus 2017 would be lower at 18 -18.5 cents. Current price at 1.70 is deemed as slightly lower than market anticipation

new shareholder Mr. Yap and Dato Beh also buying A&M but shareholding% is relatively low as compare to HIL. The question is why both of them buy so much HIL share. almost 5% trigger substantial shareholder ? Dato Ng dispose some share last year to Mr. Yap and Dato Beh sapu share from open market through various investment bank account

wow... after read through latest AR2016, found out two new shareholders emerged, Yap kok Wah and Dato Beh Hang Kong both from property sector (Wintoni & ML Global)

share price may stay at 1.05 to 1.15 for a while until big player depleted all the share. Anyway, HIL is worth to buy for long term if the price at 1.00 and below

Sold all @ 1.13-1.15

Sold some @ 1.10 to 1.13

U miss out HIL, come on 150 million cash on hand...

my TP is 1.20

I believe the chances of A&M go up further is limited as investor would probably want to see the company how efficient to execute the property development plan and market response about the future of carey island. Bear in mind, election is around the corner, what if BN lose the future of carey island still look bright??

http://www.theedgeproperty.com.my/content/1115340/carey-island-port-city-plans-augur-well-am-realty

I like these word "A&M will continue to be a family business as we want to ensure it is run properly. At the end of the day, we want what’s best for the company". It show that A&M management will utilize the huge cash holding by HIL for their project@Carey island. A very conservative businessman.

A&M need $$ for property development at carey island, where to get the $$ ? Private placement or internal funding or capitalize HIL cash bank ?

It is time to offload A&M share if u r still holding. price will go down to 1.60

HIL may benefit if A&M share price start stagnant at 1.60 and it is possible that share swap (privatize HIL by issuing A&M share ) may be suggested by big owner in order to capitalize the huge cash holding by HIL. They may propose 1000 share of HIL exchange to 750 share of A&M which translate to 1.20 buyout price for HIL. After this exercise, A&M will have additional new share approximately of 200 million issuing to HIL shareholder. Furthermore this exercise is much more easy for funding rather than go through private placement. Let see whether this proposal will become reality or not

It is time to offload A&M share if u r still holding. price will go down to 1.60

HIL may benefit if A&M share price start stagnant at 1.60 and it is possible that share swap (privatize HIL by issuing A&M share ) may be suggested by big owner in order to capitalize the huge cash holding by HIL. They may propose 1000 share of HIL exchange to 750 share of A&M which translate to 1.20 buyout price for HIL. After this exercise, A&M will have additional new share approximately of 200 million issuing to HIL shareholder. Furthermore this exercise is much more easy for funding rather than go through private placement. Let see whether this proposal will become reality or not

A&M is not playing by syndicate. Big new announcement is going to release very soon.

@i4 investor, can buy back @0.98. I sapu 100 lot today. btw, no transaction at 0.97. I think u sell higher than 0.97

Will stay a while at 0.98-0.99. Top 30 gainer today. Just find out 1.00 is purposely lock up by big buyer to manipulate the price movement. thus, please fall into their trap..be patience!. Good luck

@cutie, u r right. Not many retailer hold this counter. big buyer only spend ~370k push up the price to 0.99.