The WAR HAS BEGUN!!

BREAKING NEWS!!....E.U. Proposes retaliatory tariffs of 25% against US Steel, T-Shirts, Jeans....

Beware! Big correction in Dow Jones this March. Sell while you can...

Something brewing ? Cancellation of esos and m.o.u.

Wechat is Mpay

Back to 5s

NEW YORK: U.S. semiconductor company Qualcomm Inc on Thursday rejected Broadcom Ltd's revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid's "serious deficiencies in value and certainty."

Qualcomm's response attempts to strike a balance between continuing to resist Broadcom's takeover attempt and heeding the calls of some Qualcomm shareholders, who urged the company in recent days to engage with its rival in case it can clinch an attractive deal.

Qualcomm said Broadcom's latest $82 per share offer, comprising $60 per share in cash and $22 per share in stock, "materially undervalues" Qualcomm and falls short of the firm regulatory commitment it would demand given the significant antitrust risks involved.

Broadcom did not immediately respond to requests for comment.

image: https://content.aimatch.com/default.gif

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=

(Tan Hock Eng, who is from Penang, is behind Broadcom. He is the president and CEO. The MBA degree holder from Harvard University, worked with Tan Sri Quek Leng Chan as managing director of Hume Industries in Malaysia from 1983 to 1988 before helming a venture capital fund in Singapore from 1988 to 1992.
Read more at https://www.thestar.com.my/business/business-news/2018/02/09/qualcomm-snubs-penangite-tan-broadcom-us$121b-buyout/#azQwIokqQY02dQOu.99

Really stupid company. Sold everything at 23.5 yesterday!!

Bursa given Maxwell until 30 June to regularise. Must be a reason. New shareholder with new business coming soon?

What you want to believe of course is good but you cant fight market sentiment. Selling pressure will drive the price back to 7.5s/8s. If you hv profit better take it.

DGB wa is very2 in the money. Mother 17.5s. Conversion 11s. Price now 2.5s. Many people dont notice this yet...but when they do...it will fly on aTuesday!

Lower losses and Yinson to take over FSPO... Really good news!!

Everyone.. The story is in THE EDGE WEEKLY Page 24.....OMESTI, INSAS, DGSB, INARI.

Started from 16s... will go back to 16s tomorrow.. all the fake news..

MUI story habis cerita.....

HWGB, DGSB, DGB, all start goreng.....MTRONIC next?? Only 5s. Tomorrow no more...?

Next stock...Metronic?? Now 5s. Tomorrow no more....

JACK MA MISSED THE FLIGHT???

SELL TOMORROW!! additional listing shares listing tomorrow! 27/10.

Everyone's fooled... the dark horse is in e mobile pay is not mpay or netx, its.....PUC

Wechat?

Metronic is a good company. Only those running it no good. Matter of time takeover target.

Look at the warrants for long term if you believe in the mother potential. . Conversion is only 5s. Last of the 2 lowest warrants conversion. Palatte wa is 4s.

Anything to do with QATAR Emir visit today?

Other possibilities RHB saw in Budget 2018 include:

The voluntary reduction in Employees Provident Fund (EPF) contributions is not expected to be extended to 2018, given the recovery in private consumption in the second quarter of this year.
The government is unlikely to cut corporate and individual income tax rates for 2018.
The government will likely increase its allocation for development expenditure.
The government may implement reforms on pensions, which took up 10.4% of total expenses in the first half of this year.
Expenditure on healthcare and education subsidies is expected to increase next year, coinciding with GE14.
With Budget 2018 themed “Shaping the Future”, the government is expected to shift its focus from previous budgets (ie fiscal discipline) to one that emphasises the country’s aspirations for the next 30 years under Transformasi National 2050 (TN50).
The government may likely place a lot more emphasis on economic development that uses technology – such as robotics and cloud computing – to make advancements.
The government is expected to boost growth in the digital economy.
Possible tax incentives for industries that pioneer into fields such as automation, robotic development, big data, and cloud services.
The government is envisaged to provide further incentives for SMEs to further stimulate their growth.
Prime Minister Najib Razak, as finance minister, is expected to table Budget 2018 on 27 October at the Dewan Rakyat.

This coming budget will focus on e commerce, big data and cloud computing .

Another PALETTE coming?

PUC to team up with Wechat pay?

When the CEO says the merger will complete by year end, it means the definitive agreement will need to be signed in the very near term to ensure the changes in the transition period to take place before year end. Not surprised if the agreement is to be signed within this 2 weeks.

Will Tony be there with Trump on Sept 12 when our PM meets the President ?

The President & CEO expects the merger with AFB to be completed by year end.

From TheEDGE weekly...this is what the President and CEO said...

1. MBSB's conventional loans (only about 15%) will be converted to Islamic. No issue.
2. MBSB will not be taking its NPL into the merged MBSB-AFB entity. ( that means it will be a clean start)
3. There are Islamic funds out there hungry for finance stocks. Thats why its important that MBSB addresses the conventional loans in its book... It needs to be seen as a fully syariah -compliant lender.

Investors will have no more concerns based on his comments. Good luck everyone!

>>> For full story read the Edge weekly Page 25

Good news for MBSB investors!

The definitive agreement will be signed soon. Probably they need to hire professional and experienced bankers to take them to a higher level as a full fledged Islamic bank.

Very possible. Prominent and experienced bankers joining the board?

At this rate, fair value should be 55s

TheEdge targets rm1.50 immediate term.

The Edge this week has recommended mbsb asa BUY. Target RM1.50

At most he will pay 45 to 48s to take private..

The approval was given by MOF, basically the PM. Now waiting for the definitive agreement to be signed, hopefully by this week. There is no playing a fool here. Once inked, MBSB will become the 2nd largest Islamic bank in the country, after BIMB. Take note.

The TRUMP brand is a double edged sword. Charities and events are pulling out of the Mar-a-lago resort. Dont put too much hope in it.

" The merger will create the 2nd largest Islamic bank after BIMB, with total assets worth rm 47.8B "
BIMB Is now rm4.41. How much do you think the 2nd largest bank will be? Rm 2? Rm 3?

Monday suspended pending q reults after market? Hopefully it will be double good news!

Sell....big correction around the corner...

According to Focus , IRIS will be going into E commerce soon as its next project, namely E wallet.

There are about 2m foreign workers in Malaysia. How about foreign students? Professionals? WOW! BIG BIG NUMBERS!! Target should be uplifted to 50s!!

Target 32 s still intact

Today's announcement no big deal la. Anticlimax. More selling tomorrow and Wednesday (T4)

Target 32.5 s still intact.

Tomorrow is Invest Malaysia week. Watch out on PM keynote address on e commerce.