from the reported news today, it is conform toll collection at CIQ is for MRCB...car going out CIQ to Spore need to pay 6.80 and coming in pay 9.70...2.90 go to Plus and remaining 6.8 for MRCB..so in total MRCB collect 13.60 for both way...For transport other than normal vehicle like lorry has to pay more. Estimate 200k vehicles by-pass JB CIQ per day...so in long run MRCB can easily collect approx 900m-1b per yr...That is almost the whole yr revenue income...even we r talking about 50% traffic volume the estimate revenue income 400-500m...That is still a lot of money for MRCB...

At least 80% of Eastern Dispersal Link motorists do not have to pay toll, say Malaysian authorities
PUBLISHED ON JUL 28, 2014 10:41 AM 50 76 0 0
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Vehicles travelling along the new Eastern Dispersal Link (EDL) highway in Johor Baru. At least 180,000 vehicles or about 80 per cent of Eastern Dispersal Link (EDL) motorists would not have to pay toll rates as they could exit at various points without having to go through the Customs, Immigration and Quarantine (CIQ) complex, Malaysian authorities have said. -- PHOTO: ST FILE
JOHOR BARU (THE STAR/ASIA NEWS NETWORK) - At least 180,000 vehicles or about 80 per cent of Eastern Dispersal Link (EDL) motorists would not have to pay toll rates as they could exit at various points without having to go through the Customs, Immigration and Quarantine (CIQ) complex, Malaysian authorities have said.

Only those who drive in and out of the CIQ, also known as the Sultan Iskandar Building, will have to pay, the Malaysian Highway Authority (MHA) said.

The CIQ complex is the border checkpoint near the Johor Causeway.

Explaining the revised toll rates starting this Friday at the CIQ, the MHA said that the charges would be used for the maintenance of the EDL and other CIQ facilities.

In a statement on Sunday, MHA said the link, which was an 8.1km elevated highway, was the main entry point into the CIQ for those commuting to and from Singapore and that toll collected would be used to maintain it.

MHA said that previously, money from the toll collected at the CIQ was used to maintain the Johor Causeway.

The new rates, however, would be channelled to EDL's concessionaire, Malaysian Resources Corporation Bhd (MRCB) for the construction and maintenance cost of the link and other CIQ facilities.

Starting Aug 1, the toll rates for vehicles coming into Malaysia are RM9.70 (S$3.80), RM14.70, RM19.70, RM4.80 and RM7.80 for the respective Class 1 to Class 5 vehicles.

The existing inbound charges ranged from RM1.40 (for taxis) to RM6.10 (for vehicles with three or more axles).

Rates for outbound vehicles would be RM6.80, RM10.20, RM13.60, RM3.40 and RM5.50 starting on Friday. Motorcyclists are exempted from paying toll.

- See more at: http://www.straitstimes.com/news/asia/south-east-asia/story/least-80-eastern-dispersal-link-motorists-do-not-have-pay-toll-say-m#sthash.cg4vNoTm.dpuf

One user in Fb complainnhave to pay 0.68 per km for EDL. If EDL really start toll collection then MRCB going to be very fat...Traffic per day for EDL approx 200k at the moment..Assuming 50% traffic still using EDL that translate 244.8m per yr....which double the amount of compensation MRCB gets from Govt. Understand that the toll collection is from both way, that mean to say 244.8m is rather conservative.

if govt not going acquire edl likely that toll collection is going to start

MRCB shares slip as govt unlikely to takeover EDL


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KUALA LUMPUR: Shares of Malaysian Resources Corporation Bhd (MRCB) fell to a low of RM1.72 on news that the government was unlikely to take over the RM1.4bil Eastern Dispersal Link (EDL) in Johor.



At 10.53am, MRCB was down three sen to RM1.73. There were 353,300 shares done at prices ranging from RM1.72 to RM1.76.



The FBM KLCI fell 1.51 points to 1,876.83. Turnover was 921.32 million shares valued at RM516.21mil. There were 294 gainers, 343 losers and 314 counters unchanged.



The Star reported on Thursday a two-year study concluded that there will be no economic benefit or advantage to the Government if it took over the EDL.

http://www.thestar.com.my/News/Nation/2014/07/31/Sources-EDL-acquisition-not-viable-Govt-takeover-of-highway-will-not-bring-economic-benefit-accordin/



The report stated sources said the Government had been compensating the EDL concessionaire about RM11mil per month for the past two years.



According to the sources, the concessionaire spends an estimated RM12mil each month on operations and maintenance of the highway, which includes repair works, landscaping and utilities.

MRCB is going to be d biggest beneficiary from increase in JB custom entrance fee and construction of MRT Line 2..EDL directly link to JB custom...the increase of toll fee likely to benefit more MRCB...either by way of higher compensation from govt or allowing MRCB to begin toll collection...Decision on toll collection very soon will be made...On MRT line 2...detail announc should be b4 yr end...no matter what, one thing for sure line 2 begin from Kwasa Land Sg Buloh...which MRCB oledi secure the MX1 proj there..BOth Line 1 and Line 2 connection point r there..so how this proj not going to benefit MRCB?....the land value will certainty jump as well

Highlight: Notion VTec close to securing deals
www.theedgemalaysia.com/.../298778-highlight-notion-vtec-cl...
The Edge
13 hours ago - KUALA LUMPUR: Precision parts maker Notion VTec Bhd is close to clinching ... and South Korean firms to manufacture smartphone components, which ... Depending on the growth of potential contracts, Thoo said the group ...

mrcb finally settle court case with PNKS...http://www.bursamalaysia.com/market/listed-companies/company-announcements/1662029...time to fly for this capital land of msia

can Tgoff wa like another coastal wa?...the possibility is there if RTO approved and new mgt deliver +ve result over next 1-2 yrs.
Coastal wa surge more than 10x from around 20c to above 2+ after 1 yr even the conversion px above 3. Tgoff Wa is another O&G rocket warrant with future upside even more than coastal wa. Why? 1st the exercise price only 50c. Tgoff Wa lowest around 10c. It is highly this warrant can break above RM1 if u trust the underlying share able to perform under the new mgt.

rule of thumb, Bourbon injects 61 vessels + hv to pay 0.708 per share in return getting 33% controlling stake, so how much their cost?...i think easily above RM1 right? Otherwise Tgoff new mgt is a big issue here.

if anyone able to dig into the potential revenue income from those biz injecting from Bourbon then u will know the potential of new Tgoff

total vessels is 13 (existing)+61(new)=74....
Tgoff likely to raise cash close to 400-500m...from new shareholders from selling new shares and existing shareholder via right issue
after completion tgoff share issue surge to 1b

Tanjung’s new shareholders



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MAJOR PLAYER: ’Alliance’ to see injection of assets, businesses into firm by 3 parties
TANJUNG Offshore Bhd is set to reemerge as a major player in marine offshore business under a pact with a Singapore businessman and a global offshore marine oil and gas service provider from France.
The alliance will see the injection of assets and businesses owned or operated by Singapore businessman Farid Khan Kaim Khan, Paris-based Bourbon SA and Farid’s partners in Bahtera Niaga Internasional PT, in return for a controlling stake in Tanjung Offshore.
Tanjung Offshore yesterday announced that it had sealed two heads of agreements with the three parties to buy majority interests in existing marine offshore businesses connected to Bourbon’s operations in Southeast Asian and Australasian waters operated by Farid.
The proposed acquisitions also include the acquisition of 61 offshore support vessels connected to Farid and his partner’s business operations in the region, especially Indonesia, Tanjung said.
The acquisition will be paid by the issuance of Tanjung shares at 70.8 sen each. There is a related proposal to issue more shares to the vendors, also at 70.8 sen each for cash subscription, to immediately increase Tanjung’s working capital upon completion of the 61 vessels.
The proposed acquisitions and special issue will result in the vendors owning more than 33 per cent of Tanjong’s enlarged issued and paid-up capital
This will trigger a mandatory offer for the remaining Tanjung shares not already owned by the vendors. However, the vendors will seek a waiver from making the mandatory offer from the Securities Commision.



Read more: Tanjung’s new shareholders - Nation - New Straits Times http://www.nst.com.my/business/nation/tanjung-s-new-shareholders-1.612789#ixzz33uGSu1Hg

in o&g biz..osv is 1st to recover rather than those complicated o&g biz like engineering,oil rig etc...when o&g industry boom u need more fleets to ship workers, equipment etc...with such a huge fleets no (73 in total), double n triple of icon n alam fleets size, tgoff share price to surge just matter of time....only risk is facing if rto fail...

today mrcb likely be diff from past mrcb...from what i see co is looking to derive a lot of their future earnings from rent esp after they inject their assets into Quill. Future likely will be like KLCC...relying a lot on rental income. Of course, their assets will appreciate overtime given that the location is good with super high human traffic of almost 59m a yr and expect to surge above 80m when mrt ready in 2017. I foresee another capital land in making in msia.

for breakout important to stay above 63.5 at close

Icon offshore Berhad (“ICON” or “the Company”) is the largest pure-play offshore support vessel (OSV) provider in Malaysia and one of the largest in Southeast Asia. Total fleets 39

Vs Tgoff ...total fleets 73 and smaller share issue...can c huge prospect after rto.

total fleets operate by tgoff after rto...13+60 (new)=73...bigger than any OSV co.

viper88 done a wonderful job. Agreed Tgoff above rm1++ highly possible. Just compare pure OSV play like Alam, own 41 fleets (all type pf ship combined) is much lesser than Tgoff and Alam with share issue 800m+ which is more than double of Tgoff (360m+). If Alam trading at 1.56+ at the moment, gd chc for Tgoff go above RM1+

very obvious share px likely be higher than 0.708..otherwise Bourbon selling at a loss.

wait till Target Acquisition Portfolio detail out later then v will know what is the asset value tgoff is getting and no of tgoff issue at 0.708.

tgoff..proposal transform co to a key player in OSV...like icon & perdana...Asset added

39 osv vessels
4 ahts
16 crew boats & 1 bulk carrier

Satisfy via rights issue at 1 for 1 at 0.708..also new warrant issue (not listed) to new key partner at exer px of 0.708

Since right issue px at 0.708 and issue on basis of 1 for 1, tgoff share price b4 ex very likely to trade above RM1.

the heavy share buy back by YTLP reduce the outstanding no of shares to 6.56b and is still carrying on...base on the 2014, 2015 and 2016 profit forecast, the PE for ytlp is 11.1, 10 and 9.8 ....... calc on px 1.89.....


With continue heavy share buy back and expecting Wimax biz to be profitable from 2014 onwards...YTLP really a gem to sapu esp YTLP WB...selling at almost zero premium/discount...YTLP px usually peak around pe 15.....at pe 15, YTLP px tgt around 2.60 and WB tgt px around 1.40-1.50.....this is one of d best investment stk for nx few yrs....

YTL Power International (YTLP)’s 1QFY14 core earnings of MYR306.2m
met our and consensus estimates, with no major surprises from all its
divisions. To our surprise, however, management has decided to cancel
250.0m shares out of its existing 477.4m treasury shares. As we believe
this would help to sustain positive trading sentiment in the near term,
we upgrade our FV to MYR1.90 (from MYR1.51). Maintain NEUTRAL

just a noise showing they r doing some jobs..when u get call means that u stand a gd chance of getting it. The authority just want to make sure all are properly compliance. In other words to say, they need YTLP to make sure everything is ok when come to implementation.

mrcb..a super hidden gem...when it comes sure earthquake....let c...2nd taiko in umno counter list...so no issue on govt strong support...own 1st class greater KL commercial centre...the KL Sentral...a new icon city centre wi all class of transports connection (bus, monorail, commuter, lrt, ktm train, klia transit/express and soon mrt...human traffic volume of more than 4.5m per mth and soon will be double in 2 yrs and even 4-5 times by yr 2016/2017 when mrt is ready...wi this kind of traffic volume, if the co ceo couldn't c the biz opportunity then what can i say...but if kasset can climb frm 1+ to 10 becos of mid-valley, what do u think about mrcb potential ? and why epf own more than 40% of mrcb? MRCB is going to finish its last phase of KL Sentral very soon.Construction expect to start next yr and finish by yr 2017...don't wait for thing to finish...by then px will be too high

one of the agenda on coming agm..renewal of share buy back


8. PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY

“THAT subject to the Company’s compliance with all applicable rules, regulations, orders and guidelines made pursuant to the Companies Act, 1965, the provisions of the Company’s Memorandum and Articles of Association and the Main Market Listing Requirements (“Main LR”) of Bursa Malaysia
Securities Berhad (“Bursa Securities”) and the approvals of all relevant authorities, the Company be and is hereby authorised, to the fullest extent permitted by law, to buy-back and/or hold from time to time and at any time such amount of ordinary shares of RM0.50 each in the Company as may
be determined by the Directors of the Company from time to time through Bursa Securities upon such terms and conditions as the Directors may deem fit and expedient in the interests of the Company (“the Proposed Share Buy-Back”) provided that:-
(i) The maximum number of shares which may be purchased and/or held by the Company at any point of time pursuant to the Proposed Share Buy-Back shall not exceed ten per centum (10%) of the total issued and paid-up share capital of the Company for the time being quoted on Bursa
Securities provided always that in the event that the Company ceases to hold all or any part of such shares as a result of, amongst others, cancellation of shares, sale of shares on the market of Bursa Securities or distribution of treasury shares to shareholders as dividend in respect of
shares bought back under the previous shareholder mandate for share buy-back which was obtained at the Annual General Meeting held on 27 November 2012, the Company shall be entitled to further purchase and/or hold such additional number of shares as shall (in aggregate with the shares
then still held by the Company) not exceed ten per centum (10%) of the total issued and paid-up share capital of the Company for the time being quoted on Bursa Securities;

(ii) The maximum amount of funds to be allocated by the Company pursuant to the Proposed Share Buy-Back shall not exceed the sum of Retained Profits and the Share Premium Account of the Company based on its latest audited financial statements available up to the date of a transaction
pursuant to the Proposed Share Buy-Back. As at 30 June 2013, the audited Retained Profits and Share Premium Account of the Company were RM2,190,251,000 and RM3,045,330,000 respectively; and

(iii) The shares purchased by the Company pursuant to the Proposed Share Buy-Back may be dealt with by the Directors in all or any of the following manner:-

(a) the shares so purchased may be cancelled; and/or
(b) the shares so purchased may be retained in treasury for distribution as dividend to the shareholders and/or resold on the market of Bursa Securities and/or subsequently cancelled; and/or
(c) part of the shares so purchased may be retained as treasury shares with the remainder being cancelled.

AND THAT such authority shall commence upon the passing of this resolution, until the conclusion of the next Annual General Meeting of the Company or the expiry of the period within which the next Annual General Meeting is required by law to be held unless revoked or varied by Ordinary
Resolution of the shareholders of the Company in general meeting, whichever occurs first, but so as not to prejudice the completion of a purchase made before such expiry date;

AND THAT the Directors of the Company be and are hereby authorised to take all steps as are necessary or expedient to implement or to give effect to the Proposed Share Buy-Back with full powers to amend and/or assent to any conditions, modifications, variations or amendments (if any) as may
be imposed by the relevant governmental/regulatory authorities f

Read more: KNM sees 20m shares traded in off market deal http://www.btimes.com.my/Current_News/BTIMES/articles/kri18/Article/#ixzz2Vd4AzUaB

AND SOME MORE THEY ASK U TO BUY KNM EVEN THE STOCK OLEDI SURGE FROM 0.27 TO 6.75 FROM 2003-2007...AND NOW KNM DOWN 95%+ THEY STILL ASK U TO SELL...SO WONDERFUL OF THE ANALYSTS

THE BEST PART IS ALL THE ANALYSTS RECOMMENDED STRONG BUY ON KNM IN 2007 WHEN KNM TRADING AT PE ABOVE 40

NONE OF THE ANALYSTS ISSUE BUY RECOMMENDATION FOR KNM....BUT STOCK UP FROM 40C TO 61C....THEY WILL SAY BUY KNM AFTER LISTING OF BORSIG, BY THEN U BUY ABOVE 3 AND HOPING TO GO FOR 4

KNM bullish on prospects
By Sharen KaurPublished: 2013/05/27


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PROFIT MARGIN: Borsig and Petersborough project to provide
stable recurring income streams


KNM Group Bhd is set for stronger prospects ahead, led by its investment in German-based Borsig AG and the United Kingdom’s Petersborough Green Energy Project, said its managing director Lee Swee Eng.

Borsig, a cash cow for KNM, is a leader in process heat exchangers in Europe.

KNM bought Borsig in 2008 for RM1.67 billion. UOB Bank Ltd values Borsig at between RM1.8 billion and RM1.9 billion currently.

Borsig has been one of the main contributors to KNM’s earnings with an estimated net profit of RM112 million to RM142 million per year over a period of three years.

For fiscal year 2012, KNM, which is involved in the oil and gas fabrication business, posted a net profit of RM130.6 million.

For the RM2.1 billion build-own-operate Petersborough project, of which KNM has an 80 KUALA LUMPUR: JobStreet Corp Bhd, Southeast Asia’s largest online employment company, plans to distribute 75 per cent of its net profit annually beginning financial year ending December 31 2013.

Last year, owners of the jobseeker database paid out 35 per cent of its net earnings to shareholders.

For the first quarter ended March 31 2013, Job-Street’s net profit surged 48 per cent to RM15.35 million from RM10.36 million a year ago while revenue rose to RM43.17 million from RM37.86 million previously.

per cent stake, Lee said it is expected to start construction this year.

The company had bought the Petersborough land for RM124 million with a UOB credit facility.

“We are confident that once this project gets started, it will create and contribute to a stable recurring income stream for KNM,” Lee told Business Times in an interview.

He added that Exim Bank is arranging the loan to finance the project as it is the lead syndicator.

AmSecurities said even though KNM had bought the land, the project is still uncertain as it requires a massive £233 million (RM1.06 billion) for the Phase One involving a 35MW waste-to-energy plant and another £251 million for Phase Two’s 55MW.

“We are also concerned about the group’s cashflow and capabilities to undertake new projects, given that its proposal to issue a RM1.5 billion sukuk bond had been aborted,” the research house said.

KNM’s current order book stands at RM4.9 billion and it is also bidding for jobs worth RM19 billion. It has won contracts in Russia, Uzbekistan and Tatarstan over the past year.

Lee said these contracts have moderately stabilised and contributed to KNM’s profit margin.

“We believe our stock performance is still being affected by the sentiments of our legacy issues. The management has been working hard in restructuring our business operations and financials,” he said.

Lee also expects KNM to benefit from the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, which has a sizeable addressable market of RM18 billion for process equipment.


Read more: KNM bullish on prospects http://www.btimes.com.my/Current_News/BTIMES/articles/20130526232811/Article/index_html#ixzz2UXb4Em2x

wi both rev n profit returning, this stock later will bring u to the moon

the o&g capex invt by Petronas on last bull (03-07) rm100b..now up by 3x...rm300b for 2013-2016. If last bull avg O&G stk up 300-2000%..what do u think the current super bull for O&G wi capex invt up by 3x?

history repeat..1.40 within 2 mths...by then if circular on borsig listing is out then the whole game plan change...very high target anticipated. It all depend on the ipo px and the entitlement for knm shareholder, plus the valuation of O&G sector by then. Strongly believe will not be cheap.

dialog easily go above 3 with rapid contracts out very soon.

2day closed finally stay above 200mv...mid term target around 1.40 and likely to hit around july.

like many other stk..break 200 moving average and back test yesterday b4 go higher and never look back any more

coastal...tabung haji buy the share like no 2molo...time to go up..pe so low....upside is huge

O&G big upgrade by Kenanga...what do u think for KNM? PE now 7+...last bull average pe 40+....can u c the upside?


Oil & Gas - Bring On The Liquidity-fuelled Beta Play
Author: kiasutrader | Publish date: Fri, 10 May 10:19



We have rolled forward our valuation base to CY14 and upgraded the target PERs of our stocks by around 1-2x following our Strategy report post GE13 on 06 May-12. Our bullish outlook for the companies is premised on clearer contract flows as the sector goes on full throttle on the back of: 1) Petronas’ continued aggressive capex spending; and 2) Government’s resumption of plans under the ETP to encourage domestic economic activities. Our Top Pick continues to be Sapurakencana Petroleum Bhd (“SKPETRO”, OP; TP: RM4.57) due to its breadth of service offerings across the value chain that will benefit it during contract bids. For the small-to-mid-cap (<RM1.5b) plays, we favour Alam Maritim Resources Bhd (“ALAM”, OP; TP: RM1.39); given vessel utilisation and the prospects for the other divisions look like they are improving. However, we highlight that in the current bull market, laggards seem to be the likes of Coastal Contracts Bhd (“COASTAL”, OP; TP: RM2.90); and Pantech Group Holding Bhd (“PANTECH”, OP; TP: RM1.18).

Posted by yungshen1 > May 12, 2013 03:12 PM | Report Abuse

einvest88 what do u think knm share right now. i already told them buy now when share price low and cheap. am i wrong. pls correct me


At current price KNM considered damn cheap after correct more than 95%.Will KNM get into pn17? I think not likely since the co operation in Europe zone quite profitable and even the Asia Pacific is turning and doing quite well. With this current O&G bull cycle and just begin from the bottom, likelihood that KNM share price is going to do very well over the next 12 months. The company recorded revenue income of 2.35b+ in 2012 and this is almost on par with 2008 (2.5b) prior to last financial crisis. I strongly believe the worst is over for KNM unless those statistic data highly manipulated by the boss. Looking at the technical aspect, KNM about to make confirm daily/weekly/monthly convergence if price close above 0.51. This is the last hurdle for KNM to clear before testing the next resistance level of 0.60. The biggest resistance for KNM is around 1.40 which I believe likely to be tested in the next few months if current bull market continues till 1st quarter of next year. If the news of listing for Borsig is on board (chances is very high giving the current bull market unless KNM has a damn lousy boss..ha...) then many will have to pay very high price .

Up valuation b4 listing and some more right at the bottom of major O&G bull cycle. Kenanga Friday up the mkt PER for O&G sector 1-2x...KNM last bull (2006-2008) cycle wi PER peak at 40+..Now only 7+...upside is tremendous. G Lee delay listing has the purpose...have more time to goreng for more money. similar tactic was used by Suncity...delay and delay almost 2 yrs..and finally list REIT at the last property peak..same go to IGB. K Asset returns more than 500%..So for KNM...back to last high 8+ quite possible

knm...the game begin...up listing valuation for Borsig from 1.7b to 2b.......科恩马等审计报告 Borsig上市未呈申请
财经新闻 财经 2013-05-11 10:48
（吉隆坡10日讯）科恩马（KNM，7164，主板工业产品股）表示，仍未向新加坡交易所提呈Borsig GmbH的上市建议书。
投资者对科恩马兴趣料大减，因分析员报告中曾提及，该公司或有意将德国公司在新加坡上市。
与此同时，这项上市计划料能降低科恩目前近10亿令吉债务水平，带来重新评估的潜力。
科恩马总执行长李瑞兴表示，管理层正等待新加坡审计师的结果出炉，以便能执行上市计划。
“我们正等待审计师的回应。”
原定年初挂牌
《商业时报》报导指出，肯恩马已两度展延这项上市计划，原定计划在今年初。
无论如何，这将为该公司带来20亿令吉融资，比肯恩马当初16亿7000万令吉献购价稍高。
科恩马业务包括油气平台领域，公司在2008年以16亿7000万令吉购入Borsig；Borsig的主要业务是余热回收系统、淬火冷却技术和膜分离科技，并且是市场佼佼者。
Borsig是肯恩马的金鸡母，在过去3年按年为公司带来预计1亿1200万至1亿4100万令吉净利贡献。
在需求强劲、高产能推动下，李瑞兴相信，Borsig料能持续为公司带来正面贡献。
在将5亿令吉贷款计算在内后，大华银行（UOB Bank）有限公司给予Borsig估值定在180亿令吉至190亿令吉间。

knm yest closed with confirm daily n weekly macd convergence. Next week break abv 0.48 likely to hit the initial target of 0.52. The longer target should be around 1.40-1.50 since the up-cycle for O&G sector is confirmed. Kenanga is teh 1st to raise the PER for many O&G stk up by 1-2x. So expect more upgrade is coming....Gd time to sapu KNM now

if 2day close above 2.10 then hor say leow

the extra of 1m votes obviously the fake votes created by s*r . Since only s*r has the original vote they can cross as many as they can before the polling date. A 10% of the total number of this fake votes is sufficient to change the outcome of the election result. Why they need that? Reason is simple. They purposely delay in making official announcement on PR seats. This is to buy time to add in the fake votes. You can see so many boxes of votes carry into the counting hall around mid-night and all this happen after preliminary round of votes count. The incident especially happen in those seat marginally win by PR like Bentong, Cameron, Labis, Segamat and many other state seats contested by PKR and PAS. If the majority is small (less than 2k) then by adding in few boxes of the fake votes will change the election result. If the seat is confirmed won by BN s*r will quickly make announcement over the control local media. The tactic like getting foreign workers to vote or remove the eligible votes rights is rather hard to change the ultimate election result. Only the pre-crossed fake votes will easily change the whole game plan. They c the preliminary vote counting result then add in extra votes (called vote votes) will certainly change the whole game plan.

scomi in the mid of completing the corporate exercise with scomi marine (now called scomi energy). Scomi disposed all their O&G biz to Scomi Energy and in turn will get 1b+ Scomi Energy shares. After the disposal, Scomi will now own Scomi Energy from 42% to almost 65% and become an investment holding company controlling scomi energy and scomi engineering.

bursa..pe 20.50...compared with sgx n hkex..28...very very cheap now...gd to accumulate

BURSA ...A SUPER GEMS....HISTORICALLY BURSA TRADING AT PE BTW 22 TO 36....AT CURRENT PRICE, BURSA TRADING AT FORWARD PE OF 22 WHICH IS SAME LEVEL AS MARCH 2009...SO BURSA OFFER TREMENDOUS UPSIDE.

looking at the financial statement from yr 2007 till 3rd q of 2012, obvious reason the drop of share price over 90% mainly due to drop in revenue income both from Asia Pac & Europe/Americas region as well as huge jump in borrowing from 266m till 1.1b due to purchased of Borsig. However, revenue income from Asia Pac region has almost back to pre-crisis level and the revenue income from Europe is improving except yet to recovery from Americas. After the recent right issue, the borrowing is reduced and down to 900m and the revenue income for end of 2012 expect to be back or not far from pre-crisis level of 2.52b. Going forward, expect KNM to be better with recovery of world economy esp Europe zone and the biggest push might come from the listing of Borsig. Listing of Borsig will certainly change the whole financial picture of KNM. The debt level expect to be tremendously improve and foresee re-rating is on the card after the 4th q financial result.