CIMB tp 8.50

Good to see moneysifu again after so long

Wow closed few cents higher last minute

collapse

oh no...13.50 broken....

Next target 3.50

My god. Free fall soon??

Err....satan118...nothing is fair in this world so just live with it pls

A rather ok closing. Price stabilised

haha always like that la....when price up all sifus suddenly appear

sure not traderman lol

Should be 3.50 lol

Seems like all bn related counters start to fly. Drbhcom, Sime darby...think tmr fgv turn i hope

Consider good closing la

Drb already shoot up

latest development for HSR

UEM Sunrise Bhd has awarded London-based project management consultant Atkins, a member of the SNC-Lavalin Group, as the winner of the International Land Use Master Planning Competition for Gerbang Nusajaya's Transit-Oriented Development (TOD) plot.

Gerbang Nusajaya is the second phase development of Iskandar Puteri, which is one of seven stations in Malaysia for the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) project.

It is the gateway to Iskandar Malaysia, which is set to be the commercial and business engine of Iskandar Puteri, which commands an estimated gross development value (GDV) of RM42 billion.

The Gerbang Nusajaya TOD will be developed in parallel with the Iskandar Puteri HSR station. UEM Sunrise has committed to complete the TOD in time for the station to receive its first passengers once the KL-SG HSR becomes operational in 2026.

everyday towards late afternoon...huge block just suddenly appears at 2.00...looks like an effort for someone to collect lower

likely to hit RM16 next week.....then dingdong around that level for a while till the next qtr result

ya....u should know who is behind FGV.....getting back the land is easy as peanut lor...especially now when BN go all out to win coming GE

Haha i only believe in GE rally

C28 only has one week. Way too risky. Should buy those last till after CNY. election after CNY so high chance to go up. C36 may be?

Okla...closed green amidst red sea.

Omg huge block at 2.00

wow panic buy before break...gonna have good show later...may be gap up

Definitely safer than perisai

Such heavy boat

based on the price movement today...seems like insiders and sharks see it as good news to goreng

KUALA LUMPUR (Jan 15): Perisai Petroleum Teknologi Bhd, which is in a dispute with Emas Offshore Ltd (EOL), is now demanding that EOL sells its 49% stake in Emas Victoria (L) Bhd to Perisai for US$1.

This, said Perisai, is because EOL's restructuring exercise in 2017 allowed Perisai to terminate a 2013 shareholders agreement between the two parties.

In a filing with Bursa Malaysia, Perisai said its wholly-owned unit Perisai Production Holdings Sdn Bhd today served a notice to Emas Victoria on the termination event, namely EOL's restructuring plan announced in August 2017.

"EOL entered into a binding term sheet with certain potential investors as part of the financial restructuring of EOL and its subsidiaries.

"In connection with the restructuring, EOL voluntarily applied to the High Court under Section 211B(1) of the Companies Act," said Perisai.

The group said EOL's ongoing efforts to restructure its debts coupled with its application under the Companies Act showed that EOL had resolved to enter into a scheme of arrangement or compromise for the benefit of its creditors.

This, it added, amounted to an event of default under the Emas Victoria shareholders agreement.

Following on, Perisai said EOL is required to sell the 37.33 million shares (49% stake) it owns in Emas Victoria to Perisai Production Holdings within 30 days from Feb 14, 2018 at US$1.

On Dec 26, 2013, Perisai and EOL inked a shareholders agreement whereby Perisai acquired a 51% stake in Emas Victoria from EOL for US$89.25 million while EOL bought a 49% stake in SJR Marine from Perisai for US$37 million.

EOL terminated the agreement on Dec 8, 2016 after Perisai wanted to exercise a put option to sell its remaining 51% stake in SJR Marine to EOL for US$43.03 million.

On Dec 23, 2016, the two parties inked a settlement agreement, mutually agreeing for EOL to undertake the acquisition via US$20 million cash and the balance US$23.03 million in deferred payments.

On Sept 27, 2017, EOL said Perisai is obliged to complete the sale of its 51% equity interest in SJR Marine at US$1 following the lapsing of the 2016 settlement agreement.

EOL claimed that Perisai is required to comply with the 2013 agreement — which Perisai said was no longer effective following the termination by EOL — due to the lapsing of the 2016 settlement agreement.

This share got limit up potential

btw, 1mil shares is only RM100k....peanut...may be Datin wanna buy a birkin or two

Dato Ng disposed on 9h Jan. But the share price broke 0.105 resistance on 12th Jan. So doesn't really matter

Yahya only disposed all his warrants, not single mother share la, read carefully.

im guessing this is good news ....at least company still active...LOL

any idea who is behind Advance Capital Partners Asset Management?

KUALA LUMPUR (Jan 9): Felda Global Ventures Holdings Bhd (FGV) expects a 30%-50% increase in its export volume to major importing countries like India, Pakistan, China and Europe, following the government’s decision to suspend the crude palm oil (CPO) export tax for the first three months of the year, as it is expected to benefit plantation companies with significant upstream operations and strengthen commodity prices for the first quarter of this year.

In a statement today, FGV group president and chief executive officer Datuk Zakaria Arshad said the move is timely and will be effective to reduce CPO stock levels that coincide with increasing demand from China for the upcoming Chinese New Year.

"With this development, we expect a 30-50% increase in the export volume to major importing countries like India, Pakistan, China and Europe. This shall also enable us to increase supply to our joint-venture refinery in Pakistan at a more competitive pricing," Zakaria said.

He said industry players were faced with issues of high CPO stock levels and the strengthening of the ringgit, which have pressured CPO prices to hover around RM2,500 per MT.

With the export tax suspension in place, FGV expects average CPO prices for the first quarter of 2018 to improve slightly by trading around RM2,650 per MT to RM2,750 per MT.

On Friday (Jan 5), Reuters, quoting Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong, reported Malaysia would suspend export taxes on CPO for a three-month period starting yesterday (Jan 8), to boost palm oil prices and reduce high stockpiles.

The last time Malaysia suspended CPO export taxes was in September to October 2014.

However, the export tax suspension will be lifted before the three-month period, if CPO stocks fall to 1.6 million tonnes, Mah said.

The government had earlier set the CPO export tax at 5.5% for January 2018.

Meanwhile, in commenting the overall 2017 performance, Zakaria said FGV’s core business operations had performed well, with positive growth on Fresh Fruit Bunches (FFB) production, compared with 2016.

“As for 2018, we remain committed in delivering the Strategic Plan 2020 (SP20) through better core business performance, stronger financial position, enhanced governance in all sectors and high performance culture that will deliver sustainable value to our shareholders,” Zakaria added

Merely profit taking la.

Lol...with dr. M heading pakatan, BN lagi need to push up FGV to get supports from felda settlers lor hehehe

Obviously its the BN effort to push up FGV price for coming GE. hehe

Quite stable now

Huat liao la ENQUEST up 13%

Enquest up 10%. Amazing

No need think so much. Election coming sure up more

Wow Enquest up non stop! Think armada gap up tomorrow!

Yes. Must be good progress at the Kraken field

tks drbhcom. Wondering is this election play? Will FGV coming later? FGV volume also up alot today

i think the family purposely selling to the big shark now before they start goreng next year.

Everyday some party park huge amount of shares at 1.50 how to go up?

dato and datin been disposing shares non stop yet announced a 1 billon project. Kinda hard to believe!

thats good news....able to secure syndicated facility when most banks refused to look at O&G companies at the moment