quickly buy....today got afternoon show...

MR Tong tipu you all

downside risk is low...buy for short term

http://www.theedgemarkets.com/my/article/ringgit-falls-asia%E2%80%99s-worst-performing-currency-weighed-oil

KUALA LUMPUR (Jan 29): Malaysia’s ringgit extended losses as this month’s worst-performing Asian currency on concern a protracted drop in crude will weigh on the oil-exporting nation.

The currency declined for a second day and reached a new 2009 low after Brent slid 2.3 percent overnight on a report showing U.S. oil stockpiles climbed to the highest level in weekly data going back to 1982. Malaysia kept borrowing costs at 3.25 percent Wednesday even as central banks around the world eased monetary policy amid slowing global growth and falling consumer prices. The nation’s 10-year government bond yields headed for the biggest monthly decline since 2008.

“The ringgit is weakening on concern crude oil will fall further after the U.S. record inventory report,” said Nizam Idris, Singapore-based head of foreign-exchange and fixed-income strategy at Macquarie Bank Ltd. “There is also growing pressure on central banks to ease monetary policy and Malaysia is probably doing so via weakening the currency.”

The ringgit fell 0.4 percent to 3.6340 a dollar as of 10:08 a.m. in Kuala Lumpur, adding to yesterday’s 0.6 percent loss, according to data compiled by Bloomberg. The currency earlier touched 3.6375, the weakest level since April 2009.

ING Groep NV cut its year-end forecast for the ringgit to 3.78 a dollar from 3.68, after Singapore’s central bank unexpectedly eased policy yesterday via its currency band.

Bank Negara Malaysia’s decision to hold the benchmark rate was predicted by all 19 economists surveyed by Bloomberg. The policy stance is accommodative and appropriate given the developments in monetary and financial conditions, the central bank said in a statement Wednesday.

Prime Minister Najib Razak last week reduced the country’s 2015 growth forecast to 4.5 percent to 5.5 percent from as much as 6 percent earlier due to the drop in oil.

The yield on the nation’s 10-year sovereign bonds was little changed at 3.86 percent after yesterday dropping six basis points, or 0.06 percentage point, data compiled by Bloomberg show. The yield has fallen 29 basis points this month, the most for a benchmark of that maturity since December 2008.

http://www.theedgemarkets.com/my/article/rhb-research-downgrades-yinson-neutral-trims-target-price

KUALA LUMPUR (Jan 29): RHB Research has downgraded Yinson Holdings Bhd ( Financial Dashboard) to “Neutral” with a lower target price of RM3.05 (from RM3.19) after Yinson received the green light to develop a US$2.5 billion, 15-year FPSO contract for the OCTP project, off Ghana.

In a note today, the research house said the FPSO would triple firm orderbook to US$3.5 billion, boosting the overall firm contract period and track record.

“However, we envision limited upside and anticipate profit-taking upon contract win.

“It will take three years for material earnings contribution,” it said.

contract earnings will only reflect in YE2018....still can buy in 2017...no rush since oil price is still volatile..

contra players all flushed out...get ready 1st TP 1.20, 2nd TP 1.35 , 3rd TP 1.60

beware...oil at USD 44 now

Fraud case
http://www.theedgemarkets.com/en/article/three-company-officials-tanjung-offshore-suspended-after-internal-review

The Gomen just need to support the 34 klci index linked counters... If u buy the put warrant can die standing

Put warrant you buy klci down tomorrow...high risk...high fluctuation...expires in July depending on the warrant issuer...for newbies better don't touch...

Record profit coming

It's coming!!!.... Keep buying..

buy!!!

kenanga said hold on FGV...today fgv shot up 20 cents...knnccb...these fundhouse tell u to hold and they buy themselves...s-holes

KUALA LUMPUR (Jan 27): Asia Bioenergy Technologies Bhd ( Financial Dashboard) is venturing into oil and gas (O&G) transportation under a planned all-share acquisition of a new company for RM168 million.

Asia Bioenergy (fundamental: 1.2; valuation: 0) had today entered into a heads of agreement (HOA) with Reachmont Logistics Sdn Bhd (RLSB) and Singapore-based Hoe Leong Corp Ltd (HLCL) to facilitate the acquisition of O&G transportation providers Semua Shipping Sdn Bhd (SSSB) and Semado Maritime Sdn Bhd (SMSB).

under the the HOA, Asia Bioenergy officials said at a press conference today SSSB and SMSB shares would be transferred to a special purpose vehicle (SPV), which would be collectively owned by HLCL, RLSB, and Ebony Ritz Sdn Bhd (ERSB).

Subsequently, Asia Bioenergy will acquire the entire equity interest of the SPV by issuing shares to HLCL, RLSB and ERSB. The deal is valued at RM168 million.

According to Asia Bioenergy, the HOA will lead to a definitive agreement that requires regulatory approvals. The agreement will have an exclusivity period of three months.

Asia Bioenergy's share trade has been suspended from 9am to 12:30pm today in conjunction with the corporate exercise announcement.

Yesterday, the stock closed at 19 sen for a market capitalisation of RM159.7 million.


nobody touch oil n gas now...sure DROP

KUALA LUMPUR: Tropicana Corp Bhd ( Financial Dashboard)’s proposed sale of Tropicana City Mall to CapitaMalls Malaysia Trust (CMMT) for RM540 million, will see the former’s net gearing lowered from 0.72 times as at Sept 30, 2014 to 0.52 times. Both parties announced the deal yesterday.

CMMT said Amtrustee Bhd had on its behalf entered into a conditional sale and purchase agreement with Tropicana City Sdn Bhd, a wholly-owned subsidiary of Tropicana (fundamental: 1.3; valuation: 3.0), for the acquisition of Tropicana City Mall.

In a filing with Bursa Malaysia, CMMT (fundamental: 1.8; valuation: 0.5) said the four-storey mall, together with the 12-storey Tropicana City Office Tower, will be acquired for a total purchase consideration of RM540 million, in cash.

The real estate investment trust (REIT) said the residential tower of Tropicana City, the Tropics, is not part of the proposed acquisition.

“The proposed acquisition of Tropicana City Mall will strengthen CMMT’s portfolio as it is an established family lifestyle mall that has proven to be a popular destination among the surrounding residents, thanks to its variety of local and international retailers,” said Low Peck Chen, chief executive officer of CMMT’s manager CapitaMalls Malaysia REIT Management Sdn Bhd (CMRM).

CMMT intends to finance the acquisition through debt and/or equity fundraising via the issuing of new units, with the proportion of the financing to be determined later.

“This proposed acquisition will thus further expand CMMT’s portfolio in terms of both income and geographical spread, and enable CMMT to continue to deliver stable returns to our unitholders,” said CMRM chairman David Wong Chin Huat.

The acquisition is expected to be completed by the third quarter of 2015.

Tropicana, meanwhile, said the disposal of the mall will positively impact its earnings and balance sheet.

“Upon completion, Tropicana group’s borrowings would be reduced to RM1.95 billion, from RM2.41 billion as at Sept 30, 2014, hence reducing the group’s net gearing to 0.52 times from 0.72 times.

“Tropicana is expected to recognise a fair value gain of RM13.1 million for the financial year ended Dec 31, 2014, with an additional gain on disposal of RM13.5 million to be recognised in the financial year ending Dec 31, 2015,” said the group.

CMMT was initially looking into the purchase of the mall two years ago, at a purchase consideration of between RM550 million and RM650 million, as reported by The Edge Financial Daily in Aug 2013.

DIVIDEND COMING...FEB 2015

HUATTT ARR...TP: 1.50 SHORT TERM

Downtrend... Would you buy?

Post removed.Why?

Affected by their oil n gas ventures as reported on focus malaysia....gonna drop

Oil price lower ...more beneficial to tguan

Better hunt other counters

earning is very strong...don't miss the boat

Tguan easily close 2.50 by end of Jan 2015...sit tight

BV- Bavani....run man...volume is dying

Choy San Taoooo

No movement with reducing volume......Better cutloss

Better cut loss

Better cutlosss lorrrr

Sudah mali....huatttt

All the vvip gamblers go genting punt....hahaha

Wa....index reaching 1800

Wahh a klci up 20points

Rm5 coming!!!!

Huattt arrrrrr!!!!!

Gomen gonna use all funds..tabung haji, kwsp, 1mdb support market...1800 coming

LAI LIAO LAA....CHINESE NEW YEAR ALOT OF PPL GO TO GENTING HIGHLAND CASINO AND HUAT HUAT HUAT!!! CHOY SAN TAUUU....GONG XII FATT CHAII

looking at the chart.. Stay away.. Will drop further

http://www.theedgemarkets.com/my/article/airasia-x-director-kalimullah-sells-461m-shares

Director also takut...taking opportunity to sell some shares

HUAT ARR...sudah datang...mari sini dapat angpoww...

Today is as T+3.... Flushing out the contra past few days ago....be patient... It's coming...

http://www.thestar.com.my/Business/Business-News/2015/01/16/Net-foreign-selling-of-Malaysian-equities-at-RM1b-in-4-days/?style=biz

FLYY...

the takeover only benefit MEGB because SMRT using money to buy

no more buying interest after brahmal down stake

hold tightt

joseph...you can recover your losses in mbsb..just watch..

that's why don't in out the market too frequently...statistically you will lose money...hold on tight to MBSB and you shall be rewarded

Controlled?... So does it mean smrt stock has been manipulated?.. Like that is not good for investors.