02/06 ， 2：58pm, doji candle is detected in USDMYR http://www.marketwatch.com/investing/currency/USDMYR/charts

Simple theory, this is a furniture company, this company mainly export furniture to US, thus, one should look more at 2 factors below:-
a) USDMYR exchange rate
b) Housing index in US

Please comment.

Intel VSS Malaysian Workforce http://sharing2015caring.blogspot.com/

Intel VSS Malaysian Workforce http://sharing2015caring.blogspot.com/

Intel cut Malaysian workforce http://sharing2015caring.blogspot.com/

When is the due date of submission ?

21/03 3:53pm KLCI performance (-12.22)
607 counters drop, 225 counters up, buy : 37%

Remember what i said last week, so far got 2 US MNC semiconductor have the plan to shut down on Jun. One should careful if FrontKN business nature has link to semiconductor.

If u have any friends or whoever in the toner line, contact them, they are looking for M&A on this year, part of the AGM content yesterday. More news read here : http://adf.ly/1HWa7r

Quarterly result definitely is good by sure due to strong PO since February i most semicondutr and engineering industries till last month. However, when we are investing, we are investing for the future. The nearer future is May, June, July and August, no one can guarantee whether PO will still come in strongly or not.

The next question to ask ourselves is whether the Frontken price has factored in the last Q EPS. If yes, can the same happen to the next Q ? If the same happen to next Q, i believe everyone also know how to estimate the share price.

Being alert to the different business product demand at this moment, one should be careful in selecting a counter as I have describe earlier just now.

Blackul66 has done a great job. I am going to hear from my friend again in next week as his company also participate in making the Apple product, the same go to my relative who's company is Apple subcon. Will update you all once I got it !!!

I have been in semiconductor for 15 years till now. What Ooi Teik Bee say is true, but come to certain extend, it is only true if we are looking backward. Things have changed rapidly today. A lot of past experience is not longer practicable to the current situation although you may have 20 years or more on working experience.

As for the year of 2015, a lot of the semiconductor companies received great PO since January, but especially after CNY, it come in strongly for at least 3 to 4 months. Recently we have seen outstanding PO has dropped and no new PO coming in. This is true to most semiconductor industries including my company.

However, PO come in strongly again on yesterday and today it goes the same. On the other hand, my friend who work in another semiconductor MNC (an America public listed company) do not experience the same situation. Most of the product natures are quite close to Inari, do not have new PO till NOW. (To Inari investor, just take note on this). His company has the plan to shut down on June.

Whether Frontken will work well, it is too subjective to describe now with any single word by anyone !!! Will have to see solid PO in the next 2 to 3 weeks from now.

Maybe we shall see which sector/ segment bring the biggest return in revenue to Frontken. I never study the company financial background before. Anyone know about the segment ?

Ravi, cannot tell you which company ? I always deal with fabrication engineering company and I know which sector that is good at the current. Let see who can tell me the segment.

What is the product nature in Frontken. Anyone know very detail ?

I am in the semiconductor industry.

Whoever want to buy semiconductor counter, make sure you are clear what is the company product nature. Not all semiconductor product is picking up at this moment.

come n vote.. welcome all... u all got big share...

Dry-docking for two jack-ups and contract gaps are the two key updates from our communication with UMW-OG’s President Rohaizad Darus on Friday. Nonetheless, he reiterated that active bidding for contracts continues, with management gunning for 22 contracts worth RM5.4bn. A Middle Eastern venture by year-end is also still on the cards. Our target price drops as we lower our FY15-17 EPS to impute the asset downtime and dry-docking costs. We continue to value the stock at 15x CY16 P/E, on par with our target market P/E. We keep our Add call, with a successful Middle Eastern foray as a potential re-rating catalyst.

What Happened
On Friday, we spoke to Rohaizad who shared two key updates: 1) Following the expiry of contracts for Naga 2 and Naga 3 in late Mar 2015 and early Apr 2015 respectively, management will take advantage of the downtime to dry-dock the jack-ups, putting them out of action for up to three months. The dry-docking cost is around US$15m for each jack-up. 2) In addition to Naga 2, Naga 3 and Naga 6, two more jack-ups – Naga 5 and Naga 7 - are expected to have one- to three-month gaps in between contracts this year. The operations of Naga 1 and Naga 4, the contracts of which will expire in FY16 and FY18 respectively, are going smoothly.

What We Think
The current low oil price environment is far from ideal but we are encouraged by management taking the challenges in its stride. Management is pressing on with its aggressive approach to ensure all its assets are contracted, bidding for 22 contracts worth RM5.4bn as at Feb 2015. Of the 22 contracts, eight are domestic and the rest are international. The split between long-term and short-term contracts is 36:64. The company’s order book stood at RM1.8bn as at 31 Dec 2014. The plan to venture into the Middle East by year-end is intact. We think that Naga 8 may be deployed to facilitate the new venture. The jack-up, which is expected to be delivered in Sep 2015, was 76.44% completed as at Feb 2015.

What You Should Do
We advise investors to accumulate UMW-OG shares, given the current share price weakness. The company has evolved from a local player to a major force to be reckoned in Southeast Asia. It is now on the verge of a new phase of international expansion, with the potential securing of a contract in the Middle East.

Source: CIMB Daybreak - 13 March 2015

please attend the AGM secara beramai-ramai... Ask the shareholder on the prospect company in DETAIL !!!!!!!

Is the form to apply warrant is out ?

where to download form ?

can buy now ?

KWSP reduce the stack in SKPETROL like how they reduce the stack in UMWOG

http://i206.photobucket.com/albums/bb149/maxgaba/EPF_zpsfiqo7qhb.jpg

get ready a bull soon...

Right share
----------------
1) Price :RM0.22 per share
2) 4 AAX shares, entitle 3 AAX shares. Example: 5000 AAX shares : entitle 3500 AAXZ shares
3) 3500 shares X RM 0.22 = RM825. This is the amount you have to pay before 01/06/2015

Free warrant
------------------
1) Fixed exercise price : RM 0.46
2) 2 AAX right shares, free 1 warrant. Example : 3500 AAX right shares : free 1750 AAX warrant

Please comment if the above is wrongly written. TQ

USD index and USDMYR entering consolidation. PohHuat follow....

UMW-OG seeks arbitration on alleged breach of US$20m Palawan deal
By Gho Chee Yuan / theedgemarkets.com | April 10, 2015 : 8:07 PM MYT

KUALA LUMPUR (April 10): UMW Oil and Gas Corp Bhd (UMW-OG) has started arbitration proceedings to seek damages and compensation from Frontier Oil Corp in relation to drilling works in north-west Palawan in the Philippines.

In an announcement this evening, UMW-OG said its wholly-owned subsidiary UMW Offshore Drilling Sdn Bhd (UMWOD) has served a notice of arbitration on the Philippines-based oil and gas group today.

The move is “to seek, amongst others, an award for damages and/or compensation for all losses arising from the respondent’s breach of contract, but not limited to the early termination fee amounting to US$19.2 million (approximately RM70.46 million)”, it said.

To recap, UMW-OG, a subsidiary of UMW Holdings Bhd ( Financial Dashboard), had inked a US$20 million (RM73.40 million) rig contract with Frontier Oil Corp on Sept 15 last year.

Under the contract, UMWOD will provide Frontier the “UMW Naga 7” drilling unit and other related services for its drilling operations in the Calauit field.

"In accordance with Clause 2.2 of the contract, the respondent (Frontier Corp) was to have arranged for the issuance of the bank guarantee of US$5 million (RM18.53 million) and an advance payment of US$15 million (RM55.05 million) within the time stipulated in the contract, i.e on or before Dec 15, 2014," it said.

The Dec 15 date would be no later than 30 days prior to the early commence date, which was Jan 15, 2015, it noted.

"Despite repeated reminders, the respondent has failed to, refused to and neglected to arrange for the said Bank Guarantee and Advance Payment," UMW said.

It said the contract had stated that any breaches or termination shall be settled by final and binding arbitration in accordance with the Singapore International Arbitration Centre (SIAC).

"The place of arbitration shall be Singapore and the award shall be deemed to be a Singapore award," it added.

Shares in UMWOG closed three sen or 1.28% higher at RM2.38, for a market capitalisation of RM5.081 billion.

油價衝擊浮現‧合順油氣盈利料轉弱2015-04-18 12:07

（吉隆坡17日訊）國際原油價格走低，對合順油氣（UMWOG,5243,主板貿服組）負面衝擊開始浮現，主要是旗下升降式鑽油台經營天數及出租率皆縮減，使分析員預期未來3季盈利表現轉弱，從而下調其評級。
馬銀行研究指出，合順油氣與先鋒石油機構（FOC）鬧上仲裁庭解決糾紛，因合順油氣在後者提早終止Naga7鑽油台租用而違反租用合約，要求1千920萬美元損失賠償。

升降鑽油台設施市場深具挑戰
------------------------
上述情況顯示，升降鑽油台設施市場深具挑戰經營環境，特別是國際原油價格大跌後，使鑽油活動放緩、削減資本及營運開銷等。

先鋒石油機構未能在2014年12月15日的截止日期前，安排500萬美元銀行擔保及1千500萬美元預支付款（在2014年9月15日簽署的鑽油合約下的要求）以租用Naga7的120天（從2015年2月開始）及選擇權延長另外180天的租期。

在未來18個月，油氣領域將是租戶優勢市場，使鑽油台經營者的鑽油台設施，將受到鑽油合約出租率及營運期縮減的影響，使他們犧牲出租率而儘量延長它們的使用期。

合順油氣的Naga7仲裁糾紛將減少收入，使該行將Naga7在2015年的營運日數減少43%至180天，同時預料Naga7的鑽油合約出租率減少至14萬美元，比較簽署合約時的出租率則為15萬5千美元。

該行也將該公司Naga2、3及5的2015年營運日減少10%至270天，以及Naga1的鑽油合約出租率減少13%至14萬美元。由於疲弱經營環境及展望，預料升降式鑽油台在2015年區域鑽油合約出租率，降至介於13萬美元至14萬美元之間，比較2014年為15萬美元至16萬美元之間。

評級下調至“持有”
----------------
馬銀行指出，市場一般預測，今年合順油氣淨利可達3億5千萬令吉（按年增加41%）是過於樂觀（該行預測為2億零100萬令吉），這使該行將其評級下調至“持有”評級，合理目標價則為2令吉55仙，或等於因疲弱短期展望而給予10%折價。（ 星洲日報／財經‧文：李文龍）

UMW O&G still coping well
Saturday, 18 April 2015

BY: DANIEL KHOO

None except for one of its contracts has been affected
-------------------------------------------------------
IT’S not the best of times for oil and gas exploration companies and the effects of the crunch in crude oil prices have been felt in the scope of work for the oil drillers.

UMW Oil & Gas Corp Bhd (UMW O&G), involved in drilling and oilfield services for the upstream sector, was hit recently by the cancellation of a major contract but notes that despite the fall in oil prices in the second half of last year, none except for one contract had been affected.

UMW O&G president Rohaizad Darus tells StarBizWeek that the company is in the midst of tendering out contracts again for UMW NAGA 7 after its venture with Philippines-based Frontier Oil Corp fell through.
UMW O&G last week announced that it was taking Frontier Oil to the Singapore International Arbitration Centre to claim damages including compensation for all losses arising from Frontier Oil’s breach of contract.

The company says that losses from the breach of contract was not limited to the early termination fee amounting to US$19.2mil (RM69.68mil).
On the impact to its UMW NAGA 7, Rohaizad says the company is in various phases of tendering activities for a number of contracts in the Asia-Pacific and Middle East.

“We believe there is a good opportunity for the rig to secure a job this year,” Rohaizad says in an e-mailed statement.

He did not comment much when asked if the company was confident of winning the suit against Frontier Oil, only noting that the basis of the case is in accordance with the provisions as it was stated in the contract.
“As the suit has been initiated and ongoing, we are not at liberty to divulge any information,” he says.

As for its other projects, Rohaizad notes that all of its contracts that have been secured earlier have either been completed or are a work-in-progress, highlighting that none of it have been abandoned nor unfulfilled thus far with the exception of Frontier Oil.

While analysts may opine that the current situation may force certain companies to stop drilling altogether due to the imbalance in the cost-benefit ratio, such scenario does not seem to apply directly for UMW O&G, at least on the surface of it.

However, despite the considerably steep descent in oil price, it does seem to appear that the market has priced in a worst-case scenario in terms of the impact of the collapse in oil on upstream players such as UMW O&G which derives a majority or more than 90% of its revenue from drilling services.
UMW O&G’s share price is today hovering at near its historical lows of RM2.40 post-listing and had fallen by some 48% from a peak price of RM4.58 last year.
The company, which is the third-biggest capitalised O&G upstream player, today trades at a price-to-earnings ratio (P/E) of 20.64 times against a forward P/E or 15.38 times.

Its year-to-date share performance was dismal at best but is already in positive territory with gains of 2.13%.

Its similar peers such as SapuraKencana Petroleum Bhd had similarly seen a sharp fall in its share price of 45% to RM2.72 today from a peak of RM4.95 registered last year.

However, the jury is still out on whether the impact on these players have been overstated by the market at this point in time.

But fundamentals which usually dictate how the market moves will, in part, help to decide this as well, keen observers note.

In the realm of financials, indeed Rohaizad says that new contracts that were recently awarded in the Asia-Pacific saw charter rates falling by a double-digit quantum.

“Charter rates have dropped by between 10% and 25%, depending on which country the work is awarded,” he says.

Moving foward, it would be interesting to watch how upstream companies cope with the new realities of lower oil price and whether it would eventually translate into a leaner and more efficient upstream workforce.

i think can buy now ?

this kind of volume can only be pushed up once company has hit the new order or sale. Selling queue will then reduce tremendously and buying queue and higher will start to take place

can close inverted hammer ?

hovid follow pharma.. let c if pharma drop, will it drop... u can see pharma n hovid uptrend and side way all same

announcement on bonus issue ?

thunderbird , the news come to you since when ?

thunderbird , RM1 in how long to achieve ?

Fortunately, the company’s overseas operations, particularly Indonesia and Vietnam, should progressively contribute to the top and bottom lines, as these markets offer growth opportunities in view of their growing economies, rising middle class and increasing affluence compared with Malaysia and Singapore, where economic growth is expected to be smaller.

Properly the strong of USD will bring some cheers to next Q

http://www.theedgemarkets.com/my/article/bonia-sees-weak-local-sales-regional-growth-positive

进军智能手机市场　NOTION冀明年摆脱亏损


（吉隆坡23日讯）NOTION集团（NOTION，0083，主板科技股）计划在今年进军智能手机市场，以多元化公司业务，並放眼2016年摆脱亏损的困境。
NOTION集团执行主席杜照华指出，今年將是集团的过渡期，主要以缩小亏损为主，期望可在明年达到转亏为盈的目標。
该集团预计在今年5月的首个星期，推出旗下第一款智能手机，並命名为「人」（TRENDI）。对于传统上以製造混合硬盘驱动器（HDD）、相机和汽车零件为核心业务的NOTION集团，杜照华指出，以去年智能手机年出货量达10亿台来看，这是非常令人振奋的市场。
「公司的智能手机將以网络平台销售为主，並放眼全球的市场。」杜照华指出，该智能手机將以「飢饿行销」方式推出。即是消费者只能在特定时间才能购买该手机。
他指出，该集团为智能手机业务投入的预算高达200万令吉，目前花费不到100万令吉。假如市场对NOTION集团打造的首款手机品牌反应良好，该集团有计划推出更多不同类型的智能手机款式。
杜照华在出席该公司第11届股东常年大会后，对媒体发表谈话时作有关披露。
2014年对NOTION集团来说是充满挑战的一年，该集团在2014財政年蒙受亏损，也是公司上市以来首见。截止去年9月30日的2014財政年全年財报，该公司蒙受2563万令吉的亏损，按年扩大2.3倍；营业额也按年下挫10.30%，至1亿9941万令吉。而截至12月31日的2015財政年首季，该公司亏损为524万令吉，按年缩小46.64%；营业额则按年增加22.10%，至5825万令吉。
他指出，受到市面上智能手机的相机功能不断优化的挑战，该集团相机零件业务遭到重大打击。另外，公司早前配合业务多元化和看好白银市场所投资的澳洲银矿公司，也面临投资亏损的局面，並以赔本退场为结局。杜照华指出，集团承认在这项投资决策上的失误，並汲取教训，表示未来不再做原產品相关的投资。
展望今年集团的前景，业务以出口为导向的NOTION集团，並没有因为美元走强而从中受惠，杜照华指出，公司对令吉在去年尾急挫始料未及，由於已经预先锁定美元价位，因此公司的出口目前仍以1美元兑3.20令吉计价。
他指出，在今年6月份以后，该公司將根据美元的走势来交易，届时预料將从美元走强的趋势中受益。
此外，来自泰国对混合硬盘驱动器订单，在去年尾取得约三倍的成长，贸易额达300万令吉，再加上，公司今年进军智能手机业务，都是可以带动公司业绩表现的利好动力。http://www.orientaldaily.com.my/index.php/business/cjnotion

coming...

go go go

Every USD 0.10 up, how much is the revenue return ?

Eric : What is the TP ?

all way to RM3... USD index getting strong all way to 110 pts

Daniel Loh's blog : http://adf.ly/1BvgUV
(1) Nasdaq is too high and reaching its 15 years resistance! Be careful of tech.
(2) US will start to declare their first quarter earnings starting from 8th April.
(3) Mantra “Sell in May and go Away” ?

Daniel Loh's blog : http://adf.ly/1BvgUV
(1) Nasdaq is too high and reaching its 15 years resistance! Be careful of tech.
(2) US will start to declare their first quarter earnings starting from 8th April.
(3) Mantra “Sell in May and go Away” ?

Revenue : q-o-q : DROP, y-o-y : UP, PL : q-o-q : UP, y-o-y : UP

Jadi-wa holder also entitled for bonus right ?

Jadi-wa holder also entitled for bonus right ?

Nasdaq is on top on MA line (click here to see http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=1&mn=0&dy=0&id=p86219867397)

Nasdaq future is down again now... time to look in and not look out

I am in semicon business... Purchase Order from customer up till no tml... nothing to worry... the only thing to worry is the timing to grab share at the right price

Steady. When Nasdaq is up back, then Inari will follow. It dropped because of the drop of Nasdaq, not related to its sales & profit performance.


===>> very true.... buy buy buy ...but this round buy more in Gtronic .... :D but also hold the Inari...Both good

Look for similarities between Gtronic and Inari chart