Brother Namoyaki Takarajima, no brain supplements but just my daily food with plenty of fruits & vegetables & also plenty of sky juice....hee, hee,, hee

BTW, did you all notice someone purposely try to push down mother & son WB to collect cheaply...please don't be fool but learn from the DRBHicom episode.....cheers.

PS. Have faith in WCT & son WB, it will not disappoint you.

Brother usry, Smartag still stays good today.

Pick up your WCT & son WB today for next week cheong.

Coming soon?

Brother Namoyaki Takarajima is a smart guy...play safe & smart as well....good show brother.

Let's see if WCT stay steady above $2.50 & if it did, then it will go far. Please remind yourself that for the past weeks someone had pushing down WCT price whenever it goes higher & I presume it is for collection at a lower price and when collected enough, these people will goreng it high. This is exactly the path taken with DRBHicom and now DRBHicom & son CJ just shoots....the same thing is going to be repeated in WCT too.
So watch out please...cheers.

Thank you.

By Hwang-DBS Vickers Research

Buy (Maintained)

Target Price: RM3.75

WCT'S RM5.5bil tender book, a strong balance sheet and efficient cost structure, could see it clinch more jobs in the next two years. Year-to-date contract wins is RM704mil. Larger jobs in the pipeline are My Rapid Transit stations, PLUS highway widening, and expressways in the United Arab Emirates and Oman.

WCT is keen to get its maiden railway project, something it lacks in its 31-year history. Its current strategy is to maintain construction margins going forward. This is achievable in the near term given accelerating recognition for its Qatar building job (RM1.1bil outstanding).

WCT will launch RM1bil worth of properties in financial year ending Dec 31's forecast (FY12F). Its target sales are RM700mil; year-to-date RM370mil. Its RM493mil unbilled sales are anchored by Bandar Parklands and 1 Medini. WCT successfully raised prices at its second launch of 1 Medini (45% sold) to RM550 per sq ft (psf) versus RM450 for the first launch where 100% of the development sold). Opportunistic landbanking in recent years has also created a mix of products. Its 56-acre land in Bandar Bukit Tinggi may be launched this year and is earmarked for high-end homes. This will benefit from the matured surrounding township and nearby AEON Mall. For affordable homes, it has a project in Rawang with a gross development value (GDV) of RM4bil.

WCT has 1.7 million sq ft of retail space now with the opening of Paradigm Mall. The mall has achieved 91% occupancy and RM6 psf blended rental rate with strong footfall post-opening of Tesco and GSC Cinemas. Occupancy rate could rise to 95% when a key retailer takes another 20,000 sq ft. We raised FY12F to FY14F net profit by 1% to 6% after including Paradigm Mall and KLIA 2 concession. In FY14F, we expect investment properties to generate RM124mil income (5% of revenue). Its 57-acre OUG land (of RM4bil GDV) will include another one million sq ft mall and other residential or commercial developments.

Valuations are compelling at 13 times FY13F price-to-earnings (PE) and 1.1 times price-over-net tangible asset (P/NTA), which are at mean levels.

WCT has announced the following related to the ongoing arbitration for the Nad Al Sheba Dubai racecourse project.

First, the dispute and claims of the joint venture (JV) between WCT and Arabetec had been revised several times and is about 2.8 billion emirati dirhams currently.

Second, Meydan has taken the position that the case has expired by effluxion of time. After deliberation, the Arbitration Tribunal had on June 9 rejected conclusively Meydan's submission that the arbitration proceedings have expired.

Third, the JV had received a civil suit/counter claim from Meydan on June 26, 2012 for a sum of 3.5 billion emirati dirhams. Lastly, WCT will continue to pursue its claim pursuant to the on going arbitration proceedings and will take all necessary steps to defend and/or oppose the civil suit filed by Meydan. Based on our conversation with management, we think there are no little grounds for Meydan's civil suit. This is because there is an ongoing valid and binding arbitration between Meydan and the JV, and it is clearly stated in the contract that any disagreements shall be settled via this process.

Brother nubhan, at the moment WCT is my favorite counter & got lorries load of son WB when it was at it's low 18 cents & below. I expect WCT & son WB to move much much higher. Some projects that WCT tendered for had not been announced especially the multi billion $$ KL Financial Center in which WCT is one of final qualifiers & the chances are good for WCT securing the contract. And what about the multi billion $$$ railway project. As for the projects for Vale of Brazil, it's a foregone conclusion conclusion that WCT will be getting almost all of the multi billion projects....so far WC had secure all the projects offered by Vale.

So I stay focus on WCT only besides Perdana & Smartag.

Cheers.

Do you remember that Affin once went up as high as $3.50++ & then it slipped more than $1 to $2.29 cents within a short period. I sold at that $3.50+ I pick up Affin at that down time at $2.29 & make some good money when it rebound above $3. So please play safe & smart & never be too greedy hoping that it will go up to $4 which it will never be but then we can't say...so I leave all decisions to you. I already make my pile on BIMB and so I had to move on to other counters.

Please remind that the net sellers are the big local funds and it's the small retailers that is pushing up the price for all the big local funds to sell.....so in a way the small retailers are at a disadvantage when the big funds are NOT BUYING BUT SELLING....so who is buying then?

Cheers.

Brother ktrader , I sudah jual BIMB & son CC bilah BIMB sampai $3.40 cents & son 40+ cents. I presume everything had to come down no matter what blue chip or not after going up for quite some time. If you would have notice that Amanah Saham Bumiputera, Yayasan Pelaburan Bumiputra, Permodalan Nasional Berhad & EPF is selling but sometimes EPF is buying some too. Sooner or later it will hit below $2.90 I presume but I may be wrong.

This BIMB had been going up for quite sometime now & it definitely maintain a high all the time. BIMB is a smaller bank than Affin in all ways, so how is it going to surpass Affin's price? When 3 or 4 big local funds are selling, what is there to expect more?

As always I leave the decision to you. Please be pratical in that BIMB cannot be shooting up all the time .....sometime, somewhere, somehow, it had to come down & all blue, blue chips behaves that way too....good luck.

WCT BHD

By Hwang-DBS Vickers Research

Buy (Maintained)

Target Price: RM3.75

WCT'S RM5.5bil tender book, a strong balance sheet and efficient cost structure, could see it clinch more jobs in the next two years. Year-to-date contract wins is RM704mil. Larger jobs in the pipeline are My Rapid Transit stations, PLUS highway widening, and expressways in the United Arab Emirates and Oman.

WCT is keen to get its maiden railway project, something it lacks in its 31-year history. Its current strategy is to maintain construction margins going forward. This is achievable in the near term given accelerating recognition for its Qatar building job (RM1.1bil outstanding).

WCT will launch RM1bil worth of properties in financial year ending Dec 31's forecast (FY12F). Its target sales are RM700mil; year-to-date RM370mil. Its RM493mil unbilled sales are anchored by Bandar Parklands and 1 Medini. WCT successfully raised prices at its second launch of 1 Medini (45% sold) to RM550 per sq ft (psf) versus RM450 for the first launch where 100% of the development sold). Opportunistic landbanking in recent years has also created a mix of products. Its 56-acre land in Bandar Bukit Tinggi may be launched this year and is earmarked for high-end homes. This will benefit from the matured surrounding township and nearby AEON Mall. For affordable homes, it has a project in Rawang with a gross development value (GDV) of RM4bil.

WCT has 1.7 million sq ft of retail space now with the opening of Paradigm Mall. The mall has achieved 91% occupancy and RM6 psf blended rental rate with strong footfall post-opening of Tesco and GSC Cinemas. Occupancy rate could rise to 95% when a key retailer takes another 20,000 sq ft. We raised FY12F to FY14F net profit by 1% to 6% after including Paradigm Mall and KLIA 2 concession. In FY14F, we expect investment properties to generate RM124mil income (5% of revenue). Its 57-acre OUG land (of RM4bil GDV) will include another one million sq ft mall and other residential or commercial developments.

Valuations are compelling at 13 times FY13F price-to-earnings (PE) and 1.1 times price-over-net tangible asset (P/NTA), which are at mean levels.

WCT has announced the following related to the ongoing arbitration for the Nad Al Sheba Dubai racecourse project.

First, the dispute and claims of the joint venture (JV) between WCT and Arabetec had been revised several times and is about 2.8 billion emirati dirhams currently.

Second, Meydan has taken the position that the case has expired by effluxion of time. After deliberation, the Arbitration Tribunal had on June 9 rejected conclusively Meydan's submission that the arbitration proceedings have expired.

Third, the JV had received a civil suit/counter claim from Meydan on June 26, 2012 for a sum of 3.5 billion emirati dirhams. Lastly, WCT will continue to pursue its claim pursuant to the on going arbitration proceedings and will take all necessary steps to defend and/or oppose the civil suit filed by Meydan. Based on our conversation with management, we think there are no little grounds for Meydan's civil suit. This is because there is an ongoing valid and binding arbitration between Meydan and the JV, and it is clearly stated in the contract that any disagreements shall be settled via this process.

PERDANA PETROLEUM BHD

By CIMB Research

Outperform (Upgraded)

Target Price: 86 sen

THE sale of Perdana's 26.9% stake in Petra Energy to Wah Seong is long overdue as it lost control of the latter in financial year ended Dec 31, 2009 (FY09). The block is valued at RM97mil, which is set to help Perdana trim its debt and return to profitability.

We raise our FY12 to FY14 earnings per share (EPS) to account for interest savings. Our target price increases as we update our revised net asset value calculation. Given that the stake sale is almost a done deal, removing the risk we had factored in earlier, and there is the possibility of a turnaround in second quarter of 2012, we upgrade Perdana from “trading buy” to “outperform”.

Perdana has signed an agreement to sell its 26.9% stake in Petra Energy (Not Rated) to Wah Seong (Outperform) for RM97mil or RM1.68 per share, 3.7% above Petra Energy's net tangible assets and Perdana's cost of RM1.62 per share (see our separate note on Wah Seong). The block was put up for sale through a restricted tender process in April.

We reiterate our positive view on the divestment, which is long overdue as Perdana lost control of Petra Energy in FY09 to Shorefield Resources, which has a 27.3% stake. Shorefield is owned by Sarawak-based businessman Datuk Bustari Yusof. Proceeds from the divestment will help Perdana reduce its borrowings and return to profitability. Of the RM97mil proceeds, RM65.5mil will be used to pare down debt, RM28.5mil for working capital and RM3mil for expenses. We expect net gearing to drop from 0.6 times as at March 31 to 0.4 times by end-FY12. For FY12-14, EPS is expected to be boosted by 3-6%, more than offsetting the associate income forgone. On top of that, Perdana is likely to return to the black in the second quarter after a string of quarterly losses. We note that substantial shareholder Dayang (not rated) has been buying actively.

We advise investors to accumulate. Marine support remains the weakest segment in the oil and gas sector but we are encouraged by Perdana's potential turnaround in the second quarter.

Today son WB was traded with more than 10 million shares, sort of a record for a single day...tomorrow?

Frankly speaking & a friendly advice to all....most institutions are supporting the price now but many other will sell and these institutions can cope with it for how long, a bottomless pit?....now it's just playing politics with this counter...with this FGV present price , it's better to buy IOI at above $5 as you get dividend of 16 cents per year, not bad actually and IOI estates are very well managed as fruits production is more than 8 times that of FGV, correct me if I am wrong please.....cheers.

With this FGV price, then it's better to buy Cepat, Kulim, TDM, THPlant, etc...small is beautiful, hee,hee, hee

Don't buy Perdana son WA as premium is very very high at more than 95%, susah to make money....go for beautiful mother instead as it will be sailing again soon.

Go for mother as she is more beautiful, hee, hee, hee

Exactly brother tsejuie , now is the time to buy or average higher to sell higher....cheers.

The pushing down a few weeks earlier had stopped as those persons had collect enough to goreng up now. Same with WCT, everyday for more than 3 weeks had been pushing down the mother, now we may be better pricing....WCT next stop $2.60?

Cheers.

Bad bursa day but Perdana up by 1/2 cent, more to come.....see you at 80 cent??

Everyone now very happy with my advice to all to buy WCT son WB much earlier...more to come, that's for sure.

Congrats to all....cheers.

Just saw 1 idiot who thinks he is so smart to sell 1 lot at 0.005 cents cheaper....a fool without senses, hee, hee, hee

Maybe September price is $3.90 cents.

Coming again ...watch out for the afternoon show if any.

I feel this is just the start of a new beginning for WCT...do you remember that sharks had been pushing DRBHicom everyday, just like WCT, and now what happens to DRBHicom just a few days back?...up it goes. Same thing will happen to WCT & son too, that's what I think.

Cheers.

Refueling for the vroom again? haa haa haa

yahooooooooooooooooo

ECM-Breakout !

http://bursamalaysiashares.blogspot.com/2012/07/ecm-breakout-fifo.html

What will be the price today?......88 cents, fatt fatt?.... hee, hee, hee

Good news for WCT & son WB.


Carry on buying WCT & son WB....please read this..


Construction-related counters may be in focus after CIMB Research in a note Wednesday said contractors were becoming more upbeat about job award prospects. "This ties in with our view that transport infrastructure-driven projects will get the momentum going for even larger jobs from 2H12 onwards. This should lay the foundation for more active newsflow beyond MRT. Likely pre-election driven newsflow continues to anchor our Trading Buy call," it said.

The research house said the sector was not an Overweight given the overhang from Malaysia's general election. "WCT and Mudajaya are now our top picks as contract flows are likely to pick up, backed by better job visibility. They replace IJM Corp and Gamuda, which still stand to benefit from large-scale contracts," it said.


All the best to all who invest in this counter....remember WCT & Mudajaya are the top picks. Today shoot?

Good news for WCT & son WB.


Carry on buying WCT & son WB....please read this..


Construction-related counters may be in focus after CIMB Research in a note Wednesday said contractors were becoming more upbeat about job award prospects. "This ties in with our view that transport infrastructure-driven projects will get the momentum going for even larger jobs from 2H12 onwards. This should lay the foundation for more active newsflow beyond MRT. Likely pre-election driven newsflow continues to anchor our Trading Buy call," it said.

The research house said the sector was not an Overweight given the overhang from Malaysia's general election. "WCT and Mudajaya are now our top picks as contract flows are likely to pick up, backed by better job visibility. They replace IJM Corp and Gamuda, which still stand to benefit from large-scale contracts," it said.


All the best to all who invest in this counter....remember WCT & Mudajaya are the top picks.

It will shoot, that's for sure.....today's price?

Tomorrow reach 75 cents?

brother James Woon , I think the dividend will come around December. Now the price is 84.5 cents & if it moves everyday liekt eh past few days,I am sure that before the dividend arrive, ECM price may have hit $1.00+

......sedikit sedikit jadi bukit.

Cheers.

The lawsuit from Meydan is to just frighten WCT & it's JV partner. Actually Meydan had nothing to hold on to their lawsuit.


...read this please..

We believe that WCT-Arabtec JV will press ahead with arbitration proceedings against Meydan. On the other hand, Meydan has retaliated by filing a civil suit for AED3.5bn (~RM3bn) against the JV, which we believe is a tactic to get them to settle outside the courtroom. Overall, we are neutral on this event as it will be a long drawn affair.


...yes, a tactic to get them to settle outside the courtroom.

We believe WCT has a more than fair chance of winning the arbitration process where it was likely a victim of circumstance. Recall, the core structure of the hotel, grandstand and boathouse was between 95-100% completed at the time of termination in Dec-2008. Of the remaining 45% of work not done, 90% of this is for nominated subcontractors and the balance for the JV company.

As for EPF & Tabung Haji selling to buy FGV to support it from falling down as the real price should be around $3.38 cents and not at what is today at $5.50

FGV mostly consist of old palm trees that are more than 20 years & at this age, the fruits production is very low...no wonder FGV average ton per acre is about 10% of IOI

So with the PM's instructions, do you think that EPF & Tabung Haji will do otherwise...politics my friends working at it's best.

For me I am the least worry about the counter sue by Meyham and still collecting both mother & son. It will come that's for sure....so have patience.

Cheers.

OTHERS Perdana Petroleum Berhad (PPB) Subsidiary secures contract with Murphy Sabah/Sarawak Oil Co. Ltd
PERDANA PETROLEUM BERHAD
03/07/2012 05:13:21 PM

Type Announcement
Subject OTHERS
Description Perdana Petroleum Berhad (PPB)
Subsidiary secures contract with Murphy Sabah/Sarawak Oil Co. Ltd

Higher & higher it goes.....touching $1.10 in time to come?

coming soon

Carry on buying

See the buying today at large volumes at a higher price will give you an indication....good luck...cheers

Today Smartag perform remarkably well, an increase of 6.25%, that is an increase of 0.015 cents, not bad indeed. More to come tomorrow as Europe is totally open in GREEN and DJI futures show 282 points in GREEN too.

Let's wait for the best to come....cheers.

Well said brothers Eagle95 & nubhan....so let's wait & see what show those sharks are going to perform.

If these sharks are frank & do a striptease, then we all will have a wonderful day, haa, haa, haa

Cheers, patience my friends.

More..

CREST BUILDER HOLDINGS BERHAD (“CBHB” OR THE “COMPANY”)

I. PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN CBHB REPRESENTING UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PLACEMENT”); AND
II. PROPOSED BONUS ISSUE OF NEW WARRANTS IN CBHB ON THE BASIS OF THREE (3) WARRANTS FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM1.00 EACH IN CBHB HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF WARRANTS”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

The Board of Directors of CBHB wishes to announce that its wholly owned subsidiary, Crest Builder Sdn Bhd & its joint venture partner Tindakan Juara Sdn Bhd, acting under an incorporated Consortium known as Landasan Bayu Sdn Bhd, had on 27 June 2012 received a Letter Of Intent dated 25 June 2012 from Lembaga Getah Malaysia (“MRB”) on the above proposed joint venture development.

The Salient Terms of the Letter of Intent are as follows:-

1) A Joint Land Development Agreement shall be executed between MRB and Landasan Bayu Sdn Bhd whereby Landasan Bayu Sdn Bhd shall undertake to carry out the Development and MRB as the landowner.

2) The proposed development is a mixed commercial development which comprises of a retail mall, upscale premium serviced residential suites, SOFO suites and offices. The expected Gross Development Value of the Development is RM 1,332,677,650.

3) MRB shall be entitled to RM 299,852,471, in a combination of cash and completed property entitlement.

The Proposed Joint Venture Development will not have any significant effect on the earnings or net assets of CBHB for the financial year ending 31 December 2012, and the share capital of the Company. However, it is expected to contribute positively to the future earnings of CBHB.

The risk factors for the Proposed Joint Venture Development will include but not limited to those associated with changes in the economic and regulatory conditions such as changes to cost of funding and taxes.

None of the Directors and/or major shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Proposed Joint Venture Development.

This announcement is dated 28 June 2012.

Now take a look at Crest Builder Holdings [ CRESBLD ] TP of $1.49 cents...now please see that this good money earning
counter..


excellent NTA is $2.20 cents now ; stupendous EPS of 24.6 cents per share ; perfect PERatio of 5.21 ......so to sum it up this Crest Builder Holdings share is really UNDERVALUE.

Now please see snapshot I made....

http://i5.photobucket.com/albums/y193/chongwah/crest.png

Go for it

Brother sam chwee, email send already, check it out....thank you & all the best to you.

Cheers.

Brother keew , so sorry for the typo error , my apologies. ...actually expiry date is 7/2/2017....year 2017, long way to go.

Cheers.

There is only 1 son and that is WA at 33.5 cents now. Exercise price is 16 cents, Conversion Ratio 1:1 ; Expiry Date 7/2/2012 ; Premium 8.29

Cheers

Yes, this is an undervalued company & mind you 5 years WITHOUT TAXES on whatever Digista earns.


Yes, Digista like all MSC status company enjoys 5 years of non taxation on all it's earnings or profits & duty-Free importation of multimedia equipment (DFI).

......now isn't this super?? Yes, this is some sort of a pioneer status like company & moreover after the 5 year period, I think they can ask or apply for another extension. drool.gif

So every cent earn is masuk pocket......tanpa bayaran apa apa to the Income Tax Department.........memang seronok.

http://i5.photobucket.com/albums/y193/chongwah/digista-1.png

Cheers.

Something old from my files.....dig out for all...


Undervalued; worth 86 sen i.e. 82% upside. Digistar’s ratings are still cheap at 5.6x
CY12 FD P/E compared to 11-12x for the media stocks under our coverage. While a
discount is warranted given its small-cap status, it should not trade at such a hefty
discount given its high trading liquidity, strong 3-year EPS CAGR of 93.6% and 9.4
sen net cash per share. Applying a 30% discount to our 14.5x target P/E for other
media stocks in view of its smaller market capitalisation, we arrive at a target P/E of
10.2x. This suggests that the stock could be worth 86 sen based on the estimated FD
CY12 EPS of 8.4 sen, which factors in 90m outstanding warrants with a strike price of
16 sen. This implies lofty share price upside of 82%. Our sensitivity analysis shows
that the stock could be worth 98 sen if we tag a 20% discount to the target P/E.
Potential re-rating catalysts include project wins and rising investor awareness.