Published: Monday August 26, 2013 MYT 4:21:00 PM
Updated: Monday August 26, 2013 MYT 4:24:00 PM

SP Setia confident to exceed RM5.5bil sales target

KUALA LUMPUR: Property developer, SP Setia Bhd, is confident of exceeding its sales target of RM5.5bil in new property sales for financial year ending Oct 31, 2013.

Chief executive officer, Tan Sri Liew Kee Sin, said currently, the company has thirty-four projects with gross development value (GDV) of RM70bil and unbilled progress sales close to RM9bil.

The company's sales as of June this year were RM4.68bil which were not far from the target for this year, he said: "We have done very well this year. We are two months to closing of financial year, with the figures that we had so far we are confident to achieve more than what we have targeted," he said.

http://www.thestar.com.my/Business/Business-News/2013/08/26/sp-setia-revenue.aspx

UMNO meeting has been postponed i heard.

Gtronic biz is not a defensive stock. This company in electronic semiconductor field. Long term prospect is unknown due to business risk and world market conditions. I would be disagree if you think buying a semicond stock is better than buying an actual shop to collect rental...business go up and down, the dividen is not guarantee, bro

GDV RM25bil.

read this:
GEORGE TOWN: The second phase of the Seri Tanjung Pinang (STP) development project, which has a gross development value (GDV) of RM25bil, is expected to generate RM9.75bil worth of construction and renovation jobs for the local construction industry

http://www.thestar.com.my/Business/Business-News/2013/08/26/Boon-from-EO-projects.aspx

26-Aug

Still holding?...

barcelona u are not malaysian? Kumpulan Wang Persaraan also dunno can go back home lar

EPF made an annoucement that they own 11.4m shares in Presbhd in June. Now they own 12.6 m shares (20/8). So in fact look like they are increasing the holding...

revenue almost similar by comparison, affected by cocoa market price.

just bought..

10,000 units enough for getting $2.4k div in 2 yrs. assuming same div payout 12 cts

MALAYSIAN RESOURCES CORPORATION BERHAD

(i) PROPOSED ACQUISITIONS;
(ii) PROPOSED FREE WARRANTS;
(iii) PROPOSED EXEMPTION;
(iv) PROPOSED IASC; AND
(v) PROPOSED AMENDMENTS.

GAB proposed final div of 48.5 cts

coming few weeks will be violatile movement.

the share buy-back has approved, will execute...

anyway the dumped amount is insignificant compare to the total holding shares..just need to continue monitor, if dump over 20% of total holding that signal something..

wait and see...

Palm oil gains to six-week high as China signals demand rebound

Written by Bloomberg
Thu Aug 22 2013 12:55:56 PM
(Aug. 22): Palm advanced to the highest level in almost six weeks after data showed China’s manufacturing increased, fueled by domestic demand, and as a weaker Malaysian currency boosted the appeal of the ringgit-denominated futures.

The Edge

open up the 5 yrs price chart and see it is going down even in long term...

wait first...wait for signal...dont rush in

good TP

wonder will this continue slide to 20cts

shopping time

the whole market is in panic

panic sell off by investor

I have confidence it will move down $1.45 and below as well. By looking at current market situation.

sell then wait for good timing to buy back, dont hold for the sake of holding...

luyee, there is no reason to cut loss. ILB is now cash rich after disposing IL Shenzhen and IL Henan in China with estimated $400 million cash pile.
Net cash per share is $2.19 , NTA per share is worth $2.13, now the share is only valued at $1.83, undervalued....is very possible they may annouce special dividend to shareholder if there is no plan to acquire any business, which seem unlikely they would if otherwise they will not dispose IL in China market.
My own assessments. you think about it.

Forex risks seen for AirAsia X

Written by Jeffrey Tan of theedgemalaysia.com
Wed Aug 21 2013 3:14:08 PM

KUALA LUMPUR (August 21): AirAsia X Bhd may have to contend with costlier fuel in the third quarter ending September 30, 2013 (3QFY13) as the US dollar (USD)strengthens against the ringgit, analysts said.

As jet fuel is priced in USD, analysts said the long-haul budget airline may have to pay more for fuel in ringgit terms.

In a note today, Alliance Research Sdn Bhd analyst Tan Kee Hoong said while AirAsia X's fuel cost declined 5.3% in 2QFY13 from a year earlier, the research firm "believes this trend will reverse in the coming quarter as fuel cost in ringgit terms should rise in tandem with the strengthening USD.

"We are cautious on AirAsia X’s exposure to the USD (+7.1% YTD). As we have highlighted previously, a 1% appreciation of USD vis-à-vis ringgit will reduce AirAsia X's earnings by approximately 8% to 13.7% for FY13-FY15".

Tan also cautioned investors on the impact of a weakening Australian dollar (AUD) versus the ringgit on AirAsia X.

"In addition, AUD is also depreciating against the ringgit. Passenger yield in ringgit terms will be affected if AUD continues to weaken going forward. This will adversely impact AirAsia X, as the Australia market is its most profitable segment," Tan said.

Against the USD over the last six months, the ringgit has weakened to RM3.294 today from the RM2.957 seen on May 7, Bloomberg data show.

Compared to the AUD, the ringgit has strengthened to RM2.9756 from RM3.2578 seen on March 22.

Despite being optimistic of AirAsia X's long-term potential, Alliance recommended that investors stay on the sideline. This is in view of the strengthening USD and the delay in the opening of KLIA2, both of which, may hamper AirAsia X's near-term growth prospects.

Instead, Tan prefers AirAsia Bhd for exposure to the aviation sector. This is given its cheaper valuation vis-à-vis AirAsia X, lower implementation risks and lower sensitivity to USD.

-the Edge, 21 Aug

you probably can hope something from CSL...i guess he is now berry busy no time to look at star

this forum is now been contaminated...

Star is MCA controlled....the dividen is kind of uncertain.

Palm oil trades near five-week high as Malaysian exports advance
Written by Bloomberg
Wed Aug 21 2013 12:10:43 PM
(Aug. 21): Palm oil traded near a five-week high on speculation that increasing shipments from Malaysia, the second-largest producer, signal improving global demand.

The contract for November delivery swung between gains and losses of at least 0.4 percent before trading little changed at 2,332 ringgit ($708) a metric ton on the Bursa Malaysia Derivatives by 11:52 a.m. in Kuala Lumpur. Futures closed at 2,333 ringgit on Aug. 19, the highest price since July 11. Palm for physical delivery in September was at 2,400 ringgit yesterday, according to data compiled by Bloomberg.

wait and see.

there goes the strong support...

is fallen below sma60, a positive rebound is possible.

till 31/12/12

Revenue:
Utusan -> $ 366,553,000
Mediac -> $1,460,865,000

$1b difference in revenue

EPS:
Utusan -> (14.40 cents) negative
Mediac -> 11.60 cents positive

Negative earning per share.

Profit Attribute to Shareholder:
Utusan -> $ 17,462,000
Mediac -> $195,537,000

ROE:
Utusan -> n.a.
Mediac -> 15.3%

What they can compare to Mediac?

tomorrow T+3...good luck to those still holding

just bought some... 2.07

sapu

Good buy now

bought at 1.10

yes agreed

That's enough for today. Not being greed. Happy with it...good luck folks

$1.50...wao wao wao...i always have confidence on this stock...

today hit $1.41....

making loss to sell will invite big questions to these board of directors, including chairman.

the main shareholder in MAS is Khazanah 70%, Najib is the chairman of Khazanah.

there is no one care about fundamental now...

once issue UMA then trading may suspend...