maybe good profit coming for the QR

http://klse.i3investor.com/blogs/ethg/86873.jsp

Then tow will fly

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=K&securityCode=9334

China company listed in MALAYSIA cannot touch

agree with u and waiting for the QR

we are waiting and hope that the QR will be excellent

Instacom gets UMA query after share price surges near 21%
Published at 2015-11-19 17:06:41 by The Edge

KUALA LUMPUR (Nov 19): Instacom Group Bhd, on which CIMB Research had initiated coverage yesterday, has been issued with an unusual market activity (UMA) query by Bursa Malaysia after its shares spiked as much as 20.8% or 5.5 sen to 32 sen earlier today.

As at 4.41pm, Instacom was trading at 31 sen, still up 4.5 sen or 16.98%.

In the regulatory's UMA query, which also advised investors to take note of the company's reply, Instacom was requested to disclose any corporate development, rumour or report concerning the business and affairs of the group, or any other possible reason that could account for its share price rally.

In a note yesterday, CIMB Research placed an 'add' rating on Instacom with a target price of 72 sen, saying that Instacom, which will be renamed Vivocom, will morph into a potential giant construction company, with the asset injection of the Neata Group.

The newly renamed Vivocom will be the in-house contractor for global Chinese construction giant CRCC (acronym for China Railway Construction Corporation Ltd) in Malaysia and South East Asia.

"We initiate coverage with an 'add' rating and SOP (sum-of-parts)-based target price of 72 sen, valuing the construction business at 9x FY17 P/E.

"We believe that Vivocom has massive P/E rerating potential given the large valuation gap with its construction peers and zero analyst coverage.

"It is trading at FY17 fully-diluted P/E of 3.0x, 80% discount to the sector FY17 P/E of 14.5x, which is unjustified given 456% FY15–17 EPS CAGR. On a P/BV basis, the stock is also very cheap, trading at 0.9x FY17 P/BV versus FY17 ROE of 48%," it said.

(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

cimb research house tp instacom 0.72 woh... do u believe? https://brokingrfs.cimb.com/1dpIVJC1BuuWdJfjxfZT831IM_kFTLjQHnfjMpISV50N34HyzVG27yuiTp1s__e18-UOeWH3X1Qduw2.pdf

Tow 0.24

Also free warrant for the 4 counters too


Posted by RosmahMansur > Nov 10, 2015 07:10 PM | Report Abuse

FLBhd Scicom Pensonic Luxchem

Hi RosmahMansur

What the next TP for 4th wave for SAM

Understand next week QR will be out n SAM will
fly up up up.

Posted by RosmahMansur > Oct 30, 2015 09:13 PM | Report Abuse

4th wave for SAM will be coming next

Don't worry about correction, just collect. If wan 100 % sure, wait Nov result. This counter can go to 10.0 too if result maintain.

10.00 on the way

That the beauty very solid hope tow continue up up up

Still can go in tow at this price 5.10 any TP

This Friday 8.00 n next week 8.50 to. 9.00 before QR coming out early November

Next week 8.00

Coming next week then now can join the party

That great to heard it. Thanks a lot

Who have SAM -LA is qualified for 4% interest per annum n not entitle for dividend. This LA expiry in Sep 2017 which the company SAM issue to raise funds n paid out 4% interest per annum who have SAM-LA.

This coming 18.08.18 will be EIGHTH ANNUAL GENERAL MEETING for BONUS ISSUE & SHARE BUY BACK.
Hope can go to RM4.20 - RM4.50 before ex.

This coming Monday for sure this counter will have some action

tow going to ex.

still can go in as the ex. date is 30.07.15

Any TP

Value Partners recently emerged as a substantial shareholder in kitchen system designer and distributor Signature International Bhd with a 5.28% stake. But Cheah declined to comment on a particular stock.

http://www.thestar.com.my/Business/Business-News/2015/07/04/Still-bullish-on-China/?style=biz

Partners recently emerged as a substantial shareholder in kitchen system designer and distributor Signature International Bhd with a 5.28% stake. But Cheah declined to comment on a particular stock.

http://www.thestar.com.my/Business/Business-News/2015/07/04/Play-it-again-SAM/?style=biz

MPAY 1Q net profit 0.102 million (decreased 86.58%)

Then tow every one will throw MPAY

IFCA - CEO --
YONG KEANG CHEUN acquired 250,000 shares on 22/5/15 & 250,000 shares on 25/5/15

YONG KEANG CHEUN acquired 250,000 shares on 25.05.15

Alpha Trade
Very good comments tks a lot
U mentioned that u can commend other counter then where can I see your posting.

Pls adv n tks

Tow still can go in

TOW 21.05.15

Should be on 21.05.15

big transaction should be a good sign

at 03.18.39pm & 03.18.57pm price at 2,76 done for 5000 each total 10,000 x 100 = 100,000

Business NewsHome › Business › Business News
YTL offers one of the highest dividend yields
Friday, 8 May 2015

PETALING JAYA: YTL Corp Bhd offers one of the highest dividend yields among the constituent stocks of the FTSE Bursa Malaysia KL Composite Index, noted MIDF Research in initiating coverage on the conglomerate.

MIDF Research said YTL had caught investors by surprise with its generous dividend of 12 sen per share in 2014, which translated into a payout ratio of about 80%.

“We attribute this to its rich cashflow generation. Assuming a similar payout ratio, we account for a dividend payout of about 10 sen, implying a dividend yield of 6%,” the research house said in its report yesterday.

However, MIDF Research added that given the lack of immediate catalysts for the stock, its share price – which currently is trading close to its five-year rolling average price earnings (PE) range - was fair in terms of valuation.

It pointed out that although YTL’s earnings base was well-supported by exposure to defensive sectors via its utilities business operation, the group lacked clarity on its future plans. “There is a lacklustre element in YTL’s share price performance after having surged to a high of RM2.12 in June 2012.

“We believe that the appreciation in the share price then was mainly driven by the privatisation of YTL Cement, undertaken via a share-swap exercise,” said MIDF Research, adding that since then, the price has retraced and moved sideways.

Known as the first independent power producer with diversified business operations abroad, MIDF Research is of the opinion that YTL’s potential share price gain is limited at the moment.

The counter had surged to a record high of RM2.12 on June 20, 2012 and was at its lowest of RM1.20 on Aug 9, 2011, according to Bloomberg data.

MIDF Research has initiated a “neutral” call on the stock, with a target price of RM1.68 per share based on a sum-of-parts valuation methodology, which implies a forward PE of 13 times for financial year 2016.

YTL closed down two sen or 1.2% to RM1.65 yesterday on a volume of 2.8 million shares. The stock has a market capitilisation of RM17.40bil.

Change of fortune for Magna Prima
Saturday, 9 May 2015
By: TEE LIN SAY

PROPERTY developer Magna Prima Bhd will be seeing a change of fortune on the back of sales proceeds from its Australian property development project The Istana now that the handover process is almost completed.

There will be a significant lowering of its borrowings when the company announces its results for its first quarter to March 31, 2015.

The settlement of sales proceeds is likely to see the group’s gearing level for its financial year ending Dec 31, 2015 reduce from 3.8 times currently to 0.6 times.

In Australia, recognition of profits takes place only after properties are built and sold.

The Istana, Melbourne, was completed in 2014 and the settlement of account with purchasers of the apartments, both local and foreign, commenced in February this year. The gross development value (GDV) of The Istana is roughly RM615mil, and to date, the company has collected some 80% of the proceeds, says Magna Prima group managing director Datuk Rahadian Mahmud Mohammad Khalil.

As at Dec 31, 2014, the group’s property division’s coffers had on record nearly RM200mil of unbilled sales in Malaysia and an additional RM404mil in Australia.

For that same period, Magna Prima has long-term borrowings of RM91.7mil and short-term borrowings of RM451.62mil. The bulk of the short-term borrowings is related to the Australian project.

“You will see much lower borrowings in our next reporting results. Now that we have repaid our commitments for the Australian project, we have short-term borrowings of only RM75mil,” Rahadian says. Out of the RM75mil, RM40mil is for the redeemable convertible preference shares (RCPS) issued to Lembaga Tabung Angkatan Tentera. Rahadian says cash for the repayment of this RCPS has already been set aside.

“We are not allowed to repay the RCPS until six months from its issuance. Come June 23, we will pay off the RM40mil, and Magna Prima will be left only with short-term borrowings of RM35mil,” he says.

The Istana is a 25-storey condominium with 320 units.It is located in A’Beckett Street in the heart of Melbourne’s Central Business District and within a short walk to Melbourne’s Queen Victoria Market, the University of Melbourne and the Flagstaff train station.

Niche developer

With its stronger financial position from the proceeds of its Australian project, the company’s strategy moving forward will be to return to its core values of becoming a niche developer, where it develops smaller projects but with larger profitability.

It will still focus on the Klang Valley where it will look to purchase and develop small pieces of land which are located in high density areas.

Magna Prima’s current signature projects are The Istana, The Boulevard Business Park in Jalan Kuching, and Desa Mentari near Bandar Sunway in Petaling Jaya.

Rahadian says the company is already in the midst of selling off three pieces of its existing prime land, namely its Lai Meng school land, 20 acres in Shah Alam, and seven acres in Petaling Jaya.

“We are looking to divest our high value land bank as these assets have appreciated tremendously. We want to consolidate the income to fuel our strategy moving forward.”

“We are looking to redeploy part of these proceeds to acquire land with a mid-range GDV that is more comfortable for us to undertake. That is part of our risk management strategy for the size of our company at the current moment,” he says.

Rahadian adds although Magna Prima is capable of undertaking big projects, it currently wants to take a more conservative approach for the next few quarters.

“While still maintaining some of our planned developments for this year, we may also embark on new ventures that will bring a more sustained and predictable income,” says Rahadian.

Magna Prima currently has some 28 acres of undeveloped land, mostly in the Klang Valley.

Earlier on, Magna Prima had an ambitious plan to build a 60-storey twin towers on the Lai Meng land for a combined gross development value of RM1.8bil. One of the towers would comprise a mixture of serviced apartments, a hotel and offices, while the other is expected to be a Grade A office building with Green Building Index features.

Hot topic

Magna Prima Bhd’s Lai Meng school property located along Jalan Ampang, has been a hot topic last year, mainly because Retirement Fund Inc (KWAP) was believed to be eyeing that piece of land.

The deal came about as Magna Prima was looking to divest the 1.6ha property located close to the iconic Petronas Twin Towers. The land is located next to Hotel Maya and less than 1km walk to KL City Centre.

Sources say KWAP is bidding for the land at the range of about RM3,300 per sq ft, which could see the government-linked investment fund forking out at least RM376.6mil if it secures the bid.

According to valuers, the land is currently worth RM350mil, which is a significant appreciation from the price it paid when it acquired the land from Lai Meng

ECS unveils new strategy
Saturday, 9 May 2015
By: CHERYL POO

Distributor to drive smartphone sales in tier 2 cities such as Malacca and Seremban

ABOUT a year ago, ECS ICT Bhd had expressed hopes of being a top three distributor of smartphones in Malaysia and doubling sales in its mobility division within the year.

“Currently, our smartphone market share is still in the single digit so there is plenty of room for growth,” chief executive officer Soong Jan Hsung tells StarBizWeek.

Soong, who was promoted to the role on Jan 1, was previously deputy CEO of the company and had risen in rank and file to several managerial positions since joining a subsidiary of the company as a sales executive 28 years ago.

One of Soong’s strategies to widen the company’s distribution of smartphones is to plant more resources in tier 2 cities like Malacca and Seremban.

Mobile markets in these areas need sufficient sales coverage, he says.

“Buyers want their handphones on the spot as they wouldn’t travel outstation to buy one. Also, this is unlike buying a printer or personal computer, where the customer doesn’t mind waiting a day or two.”

In doing so, ECS, Malaysia’s largest distributor of ICT products, is taking advantage of the growth in ICT-related small and medium enterprises. These resellers make up some 20%-30% of the industry’s distribution channels in the country, Soong says.

Warehoused in Kuala Lumpur and Penang, ECS is aiming to set up more satellite warehouses in Johor Baru , Kuantan, Kuching and Kota Kinabalu.

According to ICT reports, Samsung ranks top in Malaysia for smartphone brands, followed by Lenovo, Asus and Apple.

Generally, different brands cater to different market segments, Soong says, with the middle and lower end consumer groups responding most positively to Asus and Lenovo, while Apple and Samsung remain the higher end brands.

Changes in the ICT sphere

“Over the decades, we experienced the different phases of IT, from personal computers and printers to the dotcom and browser era, to now mobile products,” he says.

In time to come, mobility products will take a backseat as “wearables” take their place in the domestic market, followed by IOT (Internet of things) products.

“Malaysia isn’t ready for IOT yet. Perhaps in two to three years,” Soong says.

“We are monitoring the trend so that when the time comes, we will be early adopters. As the smartphone penetration in Malaysia only stands at 53%, mobility devices will have a further good three- to five-year run, Soong says.

“Many areas still don’t have broadband. But as more infrastructure is being put into place, demand for mobility devices will grow. The Malaysian Communications and Multimedia Commission (MCMC) is pushing hard for it.”

Reports show that growth in the domestic ICT industry charted strong growth of almost 9% from last year, Soong says.

“The growth was organic and we are hoping for new product lines to be launched.”

Currently, ECS, which is also present in Indonesia, Singapore, China, Thailand and the Philippines, distributes about 40 brands ICT products including Microsoft, Cisco, Asus, Apple as well as enterprise product software for mainframes and such.

To thrive in a business where changes are constant, staying relevant is key.

“We can’t just sell our products in a box. Clients need solutions and those are the value-added service we provide,” Soong says.

“Many years ago, enterprise purchases were big but the (non-consumer) market had not been spending very much in the last two years. That is why we started to dig deeper into the consumer market to cover our shortfall. We would like to increase our market share through the various brands we carry.”

ECS also supplies to online retailers like Lazada.

“Tier 1 and tier 2 cities tend to respond positively to the trend, while rural areas are more likely to only catch up in a few years’ time,” Soong says.

Industry challenges

Hiring good and capable people has always been a challenge, Soong says.

“Understandably, this is a challenge in all industries. While we don’t have an issue hiring good technicians, it’s hard to get good sales personnel.

Governmental initiatives to attract more talent into the ICT industry have developed good technicians although not necessarily sound salesmen, Soong says.

“As part of our continuous process to hire such talent, we are pushing human resources to go to colleges to get such talent into the business side of things.”

Speaking on his management philosophy, Soong says being a good listener is key.

“As most of my second-liners have been with me for many years, I appreciate them and practise open dialogue. When we started off, we were all peers so they can still tell me off if I’m not doing something right. I don’t believe in hierarchy,” Soong says.

One-on-ones with Soong are common, he says, so that best practices and shortfalls can be discussed.

“I know that many CEOs are not told what’s going wrong until things are out of control. I

Hot Stock
ECS ICT rises 4.91% on positive growth outlook

KUALA LUMPUR (May 7): Shares of ECS ICT Bhd ( Financial Dashboard) rose 4.91% in the morning session today after Maybank IB Research forecast a 10% 3-year FY14-17EPS CAGR for the company on the back of a 5% per annum revenue growth and a slight expansion in blended profit margins on new mobility products (smartdevices) offerings and recovery in Enterprise Systems distribution.

At 12.30pm, ECS (Fundamental: 2; Valuation: 2.40) gained 8 sen to RM1.71 with 901,800 shares traded.

Maybank IB, which has a fair value of RM2 on ECS ICT but no rating on the stock, said that ECS was a beneficiary of ICT spending in the country, which International Data Corporation (IDC) expects to be sustained well above the US$10 billion mark this year, driven by increasing hardware and software sales and ICT-related services.

In a note today, Maybank IB said IDC also expects smartphone sales to grow by 8% to US$2.4 billion in 2015.

“What is positive also is that ECS is in talks with several other global smartdevice (ie smartphones, tablets and wearables) brandowners to further expand its smart devices portfolio.

“Valuations are undemanding with the stock trading at an historical FY14PER of 10x versus a peer average of 13.6x,” he said.

The research house said that in fact, on stripping out ECS’s net cash of 50 sen per share, valuations are even more attractive at an FY15 PER of just 6.3x on an ex-cash basis.

“Our RM2 fair value (+23% upside) pegs ECS’ valuations to a CY15 PER of 11.3x, a 25% discount to that of the Bursa Malaysia Technology Index,” it said.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Maybe of the QR

LUMPUR (April 30): Shares of My E.G Services Bhd ( Financial Dashboard) rose in active trade today as on positive development for the company’s foreign worker permit renewal (FWPR) services.

At 9.45am, the stock rose 6.53% or 16 sen to RM2.45 with 6.8 million shares done. It had earlier risen to a high of RM2.47.

CIMB Research has maintained its “Add” rating on MyEG at RM2.39 with an unchanged target price of RM3.54 and said although the Immigration Department's latest announcement on the mandatory use of MyEG’s FWPR from 2 May onwards was not a surprise to it, this news should be received positively by investors.

In a note yesterday, the research house the authorities nominated MyEG to build and maintain a database on foreign workers in Jan 2015, and the only way to implement this was requiring all to use FWPR.

“We maintain our EPS forecasts and target price, based on unchanged 21x CY16 P/E (in line with its peers).

“The stock remains an Add. Potential re-rating lysts include the news that all employers must use FWPR from May onwards and the successful launch of its CSTM project before year-end,” it said.

LUMPUR (April 30): Shares of My E.G Services Bhd ( Financial Dashboard) rose in active trade today as on positive development for the company’s foreign worker permit renewal (FWPR) services.

At 9.45am, the stock rose 6.53% or 16 sen to RM2.45 with 6.8 million shares done. It had earlier risen to a high of RM2.47.

CIMB Research has maintained its “Add” rating on MyEG at RM2.39 with an unchanged target price of RM3.54 and said although the Immigration Department's latest announcement on the mandatory use of MyEG’s FWPR from 2 May onwards was not a surprise to it, this news should be received positively by investors.

In a note yesterday, the research house the authorities nominated MyEG to build and maintain a database on foreign workers in Jan 2015, and the only way to implement this was requiring all to use FWPR.

“We maintain our EPS forecasts and target price, based on unchanged 21x CY16 P/E (in line with its peers).

“The stock remains an Add. Potential re-rating lysts include the news that all employers must use FWPR from May onwards and the successful launch of its CSTM project before year-end,” it said.

KUALA LUMPUR (Apr 29): NetX Holdings Bhd ( Financial Dashboard) shares climbed as high as 15% in morning trades after proposing a rights issue, to raise up to RM62.56 million via a 1-for-1 rights issue of up to 625.55 million shares with free detachable warrants, to expand into the electronic payment solutions business.

At 11.29am, the stock was 0.5 sen higher at 70 sen, with 5.44 million shares done. It was one of the most actively traded stocks across the bourse.

Yesterday, the group announced that the proceeds to be raised from the proposed rights issue was based on an indicative issue price of 10 sen per share and will be used to develop an electronic payment platform for electronic funds transfer at point-of-sale terminals.

In conjunction with the proposed rights issuance, it is also proposing to increase its authorised share capital to accommodate the issuance of the new rights shares.

NetX said up to 70% or RM44.06 million will be used to acquire smaller technology companies that have a developed mobile-based solutions, which has the potential to be commercialised.

Among the companies to be considered include those in cloud-based applications; and smartphone applications that are developed for fourth-generation long-term evolution mobile spectrum.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

UALA LUMPUR (Apr 29): Tecnic Group Bhd ( Financial Dashboard) shares declined as much as 9.7% this morning after being queried by Bursa Malaysia yesterday on the sharp increase in the price of its shares.

At 12.30pm, Tecnic shares were nine sen or 9.73% lower at 83.5 sen, with 883,500 shares done. At 84.5 sen the stock had a market capitalisation of RM37.37 million. Yesterday, its share price jumped 25.85% or 19 sen to reach 92.5 sen, after about to 7.2 million shares changed hands.

Yesterday, Tecnic (fundamental: 2.8; valuation: 3) said it was not aware of any previously undisclosed corporate development, rumours or possible explanations which would account for the unusual market activity.

Tecnic's share price has been climbing rapidly in the last week, ahead of its distribution-in-specie of SKP Resources Bhd (SKP Resources) shares, following the special dividend ex-date last Thursday on April 23, 2015.

In fact, the company’s share price reached the upper limit threshold last Thursday and Friday, which prompted a momentary freeze of its shares trading price.

The company had earlier announced a corporate exercise which involved the distribution of 172.09 million SKP Resources (fundamental: 2.1; valuation: 1.1) shares held by Tecnic to Tecnic shareholders, on the basis of 4.26 SKP Resources shares for every one Tecnic share held.

It is also distributing RM94.93 million in cash proceeds and a RM11.7 million repayment received from the takeover by SKP Resources to shareholders, on the basis of RM2.64 for every one Tecnic share held.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

KUALA LUMPUR (Apr 29): Bursa Malaysia has queried Vsolar Group Bhd on the latter's unusual share price movement and stock volume rise.

Exchange operator and regulator Bursa Malaysia's unusual market activity (UMA) query came after solar energy entity Vsolar's (fundamental: 0.6; valuation: 0) share price more than doubled this year.

Over the last six months, Vsolar had risen to an intraday high of 46 sen last Wednesday (April 22) from a low of 10 sen on January 6 this year.

Today, the second most-active stock on the bourse fell as much as 2.5 sen or 10% to 22.5 sen. The shares cut losses at 23 sen for a market capitalisation of RM283.8 million at 11.47am with some 41 million units transacted.

At 23 sen, Vsolar shares had risen 109% this year, outperforming the FBM KLCI's 5% gain.

Bursa Malaysia told Vsolar: "We draw your attention to the unusual price movement and rise in volume of your company’s shares recently."

Vsolar had not responded to Bursa Malaysia's UMA query at the time of writing.

Last week, Vsolar said it had signed a collaboration agreement with Japan-based solar energy specialist Eastasia Group Co Ltd.

Vsolar said the deal enabled the company to capitalise on Eastasia's industry expertise. Vsolar said Eastasia's expertise would help the Malaysian entity grow its solar energy operations.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

ManagePay up 4.5% on Bank Negara, UnionPay contracts
By Fatin Rasyiqah Mustaza / theedgemarkets.com | April 27, 2015 : 12:14 PM MYT

KUALA LUMPUR (Apr 27): ManagePay Systems Bhd ( Financial Dashboard) rose as much as 4.5% as investors continued to buy the electronic-payment specialist's shares after it secured two contracts in recent weeks.

ManagePay (fundamental: 1.50; valuation: 0.6) rose as much as 1.5 sen to 35 sen before reducing gains. At 11.42am, the stock was traded at 34.5 sen with some 14 million shares done.

Shares of ManagePay had risen 60% this year, outperforming the FBM KLCI's 6% gain. At 34.5 sen, ManagePay has a market capitalisation of RM138.9 million.

To recap, ManagePay had last February received a letter of award from Bank Negara Malaysia to issue electronic money (e-money).

Last week (April 21), ManagePay said it was appointed as a third-party service provider for China’s UnionPay International Co Ltd.

Managepay said the contract with UnionPay was expected to contribute positively to ManagePay's earnings and net assets in the long term.

ManagePay's valuations are also worth noting. At 34.5 sen, the stock was traded at a price-earnings ratio of 93.24 times, according to Bloomberg data.

This compares to the sector average of 72.09 times.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)