.

KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an IMMEDIATE 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!


.

.

IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

.

IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

.

KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an immediate 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!


.

Good !!! This is once a lifetime chance to at least double or triple and more !!!

.

KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an immediate 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!


.

.

KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an immediate 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!


.

.

KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an immediate 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!! IJM is very smart !!!


.

.
IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

.

.
IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

.

It means the bond has been redeemed and converted to SCOMI shares at RM0.365 per share! It is good news!

It means the bond has been redeemed and converted to SCOMI shares at RM0.365 per share! It is good news!

It means the bond has been redeem and converted to SCOMI shares at RM0.365 per share! It is good news!

.

IJM Corp Bhd will emerge as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake via a RM110 million renewable convertible bonds issue.

Converted 348,873,287 shares at 36.5 sen per share.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5002365

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/



.

.

IJM Corp Bhd will emerge as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake via a RM110 million renewable convertible bonds issue.

Converted 348,873,287 shares at 36.5 sen per share.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5002365

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/



.

.

IJM Corp Bhd will emerge as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake via a RM110 million renewable convertible bonds issue.

Converted 348,873,287 shares at 36.5 sen per share.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5002365

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/


.

BUY SIGNAL !!!

.
The conversion price for convertible bonds issued to IJM Corp Bhd by SCOMI is pegged at 36.5 sen per share.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

.

BUY!!! BUY!!! BUY !!!!

INCREASE POSITION MORE WHEN HIT 0.185 AND ABOVE !!!

BUY!!!

IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (7.66% owned) as IJM's MRT solutions arm .


SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

.

.

SENDAI EARNINGS, PRICE , DIVIDENDS : http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458002G0

.

.
OCTANEX: http://www.octanex.com.au/

OCTANEX DIRECTOR SHARE PURCHASE: http://www.octanex.com.au/publication/view/director-share-purchase/

OPHIR OIL FIELD – DEVELOPMENT DETAILS : http://www.octanex.com.au/activities/ophir/


The new field development plan was approved by PETRONAS in September 2015.


A syndicate comprising Malayan Banking (Maybank), RHB Bank and United Overseas Bank is financing the project. A loan of up to $118.76m will be provided to cover 75% of the planned expenditure for a period of four years, in addition to a bank guarantee facility of $13.5m.


See more at : http://www.offshore-technology.com/projects/ophir-oil-field-development/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


OCTANEX: http://www.octanex.com.au/

.

.
OCTANEX: http://www.octanex.com.au/

OCTANEX DIRECTOR SHARE PURCHASE: http://www.octanex.com.au/publication/view/director-share-purchase/

OPHIR OIL FIELD – DEVELOPMENT DETAILS : http://www.octanex.com.au/activities/ophir/


The new field development plan was approved by PETRONAS in September 2015.


A syndicate comprising Malayan Banking (Maybank), RHB Bank and United Overseas Bank is financing the project. A loan of up to $118.76m will be provided to cover 75% of the planned expenditure for a period of four years, in addition to a bank guarantee facility of $13.5m.


See more at : http://www.offshore-technology.com/projects/ophir-oil-field-development/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


OCTANEX: http://www.octanex.com.au/

.

.
https://www.youtube.com/watch?v=yAFIR_bEBYU

https://www.youtube.com/watch?v=HCRYgsVDY94

.

RECAP:

Eversendai in strategic partnership to compete better in tenders: http://www.thestar.com.my/business/business-news/2015/12/22/eversendai-in-strategic-partnership-to-compete-better-in-tenders/

Eversendai clinches contracts worth RM316m: http://www.thesundaily.my/news/1619190

Eversendai bags RM246m Saudi contracts: http://www.thesundaily.my/news/1356604

Eversendai bags RM120m contract : http://www.thesundaily.my/news/1325475

Eversendai bidding for RM23b jobs : http://www.thesundaily.my/news/1475250

Eversendai ventures into Thailand : http://www.thesundaily.my/news/1627920

Evensendai tipped to bag structural steel works contract for KL118 Tower :
http://www.theborneopost.com/2015/12/29/evensendai-tipped-to-bag-structural-steel-works-contract-for-kl118-tower/#ixzz3yca0eIhL


HLIB has raised its target price for Eversendai to RM1.55 (from RM1.06 previously), which implies an 18.9 times its 2015 earnings, and a more reasonable 13 times and 10.5 times 2016-2017 earnings, respectively.

According to HLIB, Eversendai’s earnings are set to recover strongly, backed by an all-time high orderbook and surging job wins.

Eversendai’s orderbook is now valued at RM2bil, which translates to a strong cover ratio of two times, compared with its historical range of 1.1-1.6 times.

So far this year, the group has bagged RM864mil worth of jobs, which accounted for 62% of HLIB’s RM1.4bil full-year target.

Another RM804mil worth of contracts could be forthcoming in the next six months, supported by developments in the Middle East and India, as well as the Refinery and Petrochemical Integrated Development project and the KL118 Tower project locally.
(http://www.thestar.com.my/business/business-news/2015/06/16/eversendai-stays-a-buy/)


.

.

Large-scale infrastructure projects such as the MRT, LRT, PBH and HSR will proceed.

The MVV (Sime Darby Bhd-Employees’ Provident Fund), the CCC (Malaysian Resources Corp Bhd) and the HSR will be implemented on a public-private partnership basis, hence private investments will reduce the burden on the government’s finances.

Meanwhile, Rapid will continue to be developed by Petroliam Nasional Bhd due to committed investments in building the refinery and oil storage facilities.

The MRT, LRT and PBH will be funded by government-guaranteed bonds raised by DanaInfra Nasional Bhd, the government’s special-purpose vehicle to finance infrastructure projects.

Hence, it is not affected by the cut in development expenditure since DanaInfra’s government-guaranteed bonds are just a contingent liability, of which repayment and debt servicing will come from operating expenditure in the future. (The Edge)


TP for SENDAI : 1.18 (Buy, Source: Affin)


EVERSENDAI Oil & Gas : http://www.eversendai-og.com/web/

EVERSENDAI OFFSHORE: http://www.eversendaioffshore.com/about-us/corporate-profile/

SENDAI : http://www.eversendai.com/web/

SENDAI EARNINGS: http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458002G0

.

RECAP:

Eversendai in strategic partnership to compete better in tenders: http://www.thestar.com.my/business/business-news/2015/12/22/eversendai-in-strategic-partnership-to-compete-better-in-tenders/

Eversendai clinches contracts worth RM316m: http://www.thesundaily.my/news/1619190

Eversendai bags RM246m Saudi contracts: http://www.thesundaily.my/news/1356604

Eversendai bags RM120m contract : http://www.thesundaily.my/news/1325475

Eversendai bidding for RM23b jobs : http://www.thesundaily.my/news/1475250

Eversendai ventures into Thailand : http://www.thesundaily.my/news/1627920

Evensendai tipped to bag structural steel works contract for KL118 Tower :
http://www.theborneopost.com/2015/12/29/evensendai-tipped-to-bag-structural-steel-works-contract-for-kl118-tower/#ixzz3yca0eIhL

.

.

Large-scale infrastructure projects such as the MRT, LRT, PBH and HSR will proceed.

The MVV (Sime Darby Bhd-Employees’ Provident Fund), the CCC (Malaysian Resources Corp Bhd) and the HSR will be implemented on a public-private partnership basis, hence private investments will reduce the burden on the government’s finances.

Meanwhile, Rapid will continue to be developed by Petroliam Nasional Bhd due to committed investments in building the refinery and oil storage facilities.

The MRT, LRT and PBH will be funded by government-guaranteed bonds raised by DanaInfra Nasional Bhd, the government’s special-purpose vehicle to finance infrastructure projects.

Hence, it is not affected by the cut in development expenditure since DanaInfra’s government-guaranteed bonds are just a contingent liability, of which repayment and debt servicing will come from operating expenditure in the future. (The Edge)


TP for SENDAI : 1.18 (Buy, Source: Affin)


EVERSENDAI Oil & Gas : http://www.eversendai-og.com/web/

EVERSENDAI OFFSHORE: http://www.eversendaioffshore.com/about-us/corporate-profile/

SENDAI : http://www.eversendai.com/web/

SENDAI EARNINGS: http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458002G0

.

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Large-scale infrastructure projects such as the MRT, LRT, PBH and HSR will proceed.

The MVV (Sime Darby Bhd-Employees’ Provident Fund), the CCC (Malaysian Resources Corp Bhd) and the HSR will be implemented on a public-private partnership basis, hence private investments will reduce the burden on the government’s finances.

Meanwhile, Rapid will continue to be developed by Petroliam Nasional Bhd due to committed investments in building the refinery and oil storage facilities.

The MRT, LRT and PBH will be funded by government-guaranteed bonds raised by DanaInfra Nasional Bhd, the government’s special-purpose vehicle to finance infrastructure projects.

Hence, it is not affected by the cut in development expenditure since DanaInfra’s government-guaranteed bonds are just a contingent liability, of which repayment and debt servicing will come from operating expenditure in the future. (The Edge)

XINHWA Clients: http://www.xinhwa.com.my/clients.php

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RECAP:

Eversendai in strategic partnership to compete better in tenders: http://www.thestar.com.my/business/business-news/2015/12/22/eversendai-in-strategic-partnership-to-compete-better-in-tenders/

Eversendai clinches contracts worth RM316m: http://www.thesundaily.my/news/1619190

Eversendai bags RM246m Saudi contracts: http://www.thesundaily.my/news/1356604

Eversendai bags RM120m contract : http://www.thesundaily.my/news/1325475

Eversendai bidding for RM23b jobs : http://www.thesundaily.my/news/1475250

Eversendai ventures into Thailand : http://www.thesundaily.my/news/1627920

Evensendai tipped to bag structural steel works contract for KL118 Tower :
http://www.theborneopost.com/2015/12/29/evensendai-tipped-to-bag-structural-steel-works-contract-for-kl118-tower/#ixzz3yca0eIhL

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EVERSENDAI OFFSHORE: http://www.eversendaioffshore.com/about-us/corporate-profile/

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SENDAI EARNINGS: http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458002G0

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https://www.youtube.com/watch?v=xoaH2lHJLKc

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Port of Tanjung Pelepas in Johor saw container volume increase 7.1% to 9.1 million TEUs (20-foot equivalent units)

See more : http://www.theedgemarkets.com/my/article/ptp-posts-7-container-growth-2015


RECAP:
Award of Contract: Xin Hwa gets contract renewal from Port of Tanjung Pelepas

The contract is for the supply of prime mover and drivers for housekeeping and other ancillary yard movement services at the Tanjung Pelepas Port.

In a bourse filing, Xin Hwa said the letter of award for the contract renewal was received on Jan 11 and that the value of the contract is dependent on the volume of services required by PTP, based on the agreed flat rate of RM9.20 per move.

Xin Hwa has been providing services to PTP since 2010, and its business transactions with PTP for the financial year ended Dec 31, 2015 (FY15) contributed approximately RM5.54 million to the group's revenue that year, the filing read.

The duration of the renewal is for one year, from Jan 1 to Dec 31, 2016, with an option for another year's renewal at PTP's sole discretion.

Xin Hwa expects the renewed contract to contribute positively to its earnings and net assets per share for FY16.


http://www.theedgemarkets.com/my/article/xin-hwa-gets-contract-renewal-port-tanjung-pelepas



XINHWA has a hybrid business model. Being hybrid enable XINHWA to effectively ride on oil price cycles with resilient earnings. When oil price rises, XINHWA benefits from increased O&G contracts flows from clients such as MHB, MISC, KNM, PANTECH and when oil price slumps, transport activities are robust due to high demand and low cargo transportation costs, as well as government infrastructure materials transportation projects and warehousing.



XINHWA Earnings : http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458005J0

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Being hybrid enable SCOMIES to effectively ride on oil price cycles with resilient earnings. When oil price rises, SCOMIES benefits from increased O&G contracts flows, and when oil price slumps, transport activities are robust due to high demand and low vessels fuel costs, as well as strong 95% of their revenue in US dollars.

RECAP :
The weakening ringgit has left Scomi Energy Services Bhd (SES) in a stronger position, as around 95% of their revenue is in US dollars with only 5% coming in from Russia and paid in rouble.

- See more at: http://www.themalaysianinsider.com/business/article/weak-ringgit-good-for-us-says-scomi-energy#sthash.u4iqMEMU.dpuf


Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


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Mumbai Phase-2 awaits rakes from Malaysia to get rolling.

The project was awarded to a consortium of Larsen and Toubro and Scomi Engineering of Malaysia.


The trial runs for the 10.24-km-long phase-2 of the monorail from Wadala to Jacob Circle will begin in April after the Mumbai Metropolitan Region Development Authority (MMRDA) receives five additional monorail rakes (rolling stock). These are expected to reach the city from Malaysia by the month of March.


See more at : http://www.asianage.com/mumbai/phase-2-awaits-rakes-malaysia-get-rolling-433


Nilai Ringgit rendah turut dorong Scomi kembang pasaran : https://www.youtube.com/watch?v=LXj2rG0yfLc


Scomi Skoda: https://www.youtube.com/watch?v=MJRIUSohZMw


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


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Being hybrid enable SCOMIES to effectively ride on oil price cycles with resilient earnings. When oil price rises, SCOMIES benefits from increased O&G contracts flows, and when oil price slumps, transport activities are robust due to high demand and low vessels fuel costs, as well as strong 95% of their revenue in US dollars.

RECAP :
The weakening ringgit has left Scomi Energy Services Bhd (SES) in a stronger position, as around 95% of their revenue is in US dollars with only 5% coming in from Russia and paid in rouble.

- See more at: http://www.themalaysianinsider.com/business/article/weak-ringgit-good-for-us-says-scomi-energy#sthash.u4iqMEMU.dpuf


Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


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Located offshore Peninsular Malaysia, Ophir oil field is being developed by Ophir Production, a joint venture of field operator Octanex with a 50% interest, Scomi Energy Services (30%) and Vestigo Petroleum (20%), a subsidiary of PETRONAS.

Declining oil prices impacted the field development plan that was revised accordingly to take advantage of low industry costs.

Cost savings of approximately 30% were identified and the capital budget was revised to $90m.

The new field development plan was approved by PETRONAS in September 2015.

A syndicate comprising Malayan Banking (Maybank), RHB Bank and United Overseas Bank is financing the project. A loan of up to $118.76m will be provided to cover 75% of the planned expenditure for a period of four years, in addition to a bank guarantee facility of $13.5m.


See more at : http://www.offshore-technology.com/projects/ophir-oil-field-development/

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Mumbai Phase-2 awaits rakes from Malaysia to get rolling.

The project was awarded to a consortium of Larsen and Toubro and Scomi Engineering of Malaysia.


The trial runs for the 10.24-km-long phase-2 of the monorail from Wadala to Jacob Circle will begin in April after the Mumbai Metropolitan Region Development Authority (MMRDA) receives five additional monorail rakes (rolling stock). These are expected to reach the city from Malaysia by the month of March.


See more at : http://www.asianage.com/mumbai/phase-2-awaits-rakes-malaysia-get-rolling-433


Nilai Ringgit rendah turut dorong Scomi kembang pasaran : https://www.youtube.com/watch?v=LXj2rG0yfLc


Scomi Skoda: https://www.youtube.com/watch?v=MJRIUSohZMw


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


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https://www.youtube.com/watch?v=PKOta2e4MuU

Being hybrid enable SCOMIES to effectively ride on oil price cycles with resilient earnings. When oil price rises, SCOMIES benefits from increased O&G contracts flows, and when oil price slumps, transport activities are robust due to high demand and low vessels fuel costs, as well as strong 95% of their revenue in US dollars.

RECAP :
The weakening ringgit has left Scomi Energy Services Bhd (SES) in a stronger position, as around 95% of their revenue is in US dollars with only 5% coming in from Russia and paid in rouble.

- See more at: http://www.themalaysianinsider.com/business/article/weak-ringgit-good-for-us-says-scomi-energy#sthash.u4iqMEMU.dpuf


Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

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Being hybrid enable SCOMIES to effectively ride on oil price cycles with resilient earnings. When oil price rises, SCOMIES benefits from increased O&G contracts flows, and when oil price slumps, transport activities are robust due to high demand and low vessels fuel costs, as well as strong 95% of their revenue in US dollars.

RECAP :
The weakening ringgit has left Scomi Energy Services Bhd (SES) in a stronger position, as around 95% of their revenue is in US dollars with only 5% coming in from Russia and paid in rouble.

- See more at: http://www.themalaysianinsider.com/business/article/weak-ringgit-good-for-us-says-scomi-energy#sthash.u4iqMEMU.dpuf


Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

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Located offshore Peninsular Malaysia, Ophir oil field is being developed by Ophir Production, a joint venture of field operator Octanex with a 50% interest, Scomi Energy Services (30%) and Vestigo Petroleum (20%), a subsidiary of PETRONAS.

Declining oil prices impacted the field development plan that was revised accordingly to take advantage of low industry costs.

Cost savings of approximately 30% were identified and the capital budget was revised to $90m.

The new field development plan was approved by PETRONAS in September 2015.

A syndicate comprising Malayan Banking (Maybank), RHB Bank and United Overseas Bank is financing the project. A loan of up to $118.76m will be provided to cover 75% of the planned expenditure for a period of four years, in addition to a bank guarantee facility of $13.5m.


See more at : http://www.offshore-technology.com/projects/ophir-oil-field-development/

.

Mumbai Phase-2 awaits rakes from Malaysia to get rolling.

The project was awarded to a consortium of Larsen and Toubro and Scomi Engineering of Malaysia.


The trial runs for the 10.24-km-long phase-2 of the monorail from Wadala to Jacob Circle will begin in April after the Mumbai Metropolitan Region Development Authority (MMRDA) receives five additional monorail rakes (rolling stock). These are expected to reach the city from Malaysia by the month of March.


See more at : http://www.asianage.com/mumbai/phase-2-awaits-rakes-malaysia-get-rolling-433


Nilai Ringgit rendah turut dorong Scomi kembang pasaran : https://www.youtube.com/watch?v=LXj2rG0yfLc


Scomi Skoda: https://www.youtube.com/watch?v=MJRIUSohZMw


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


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.
Located offshore Peninsular Malaysia, Ophir oil field is being developed by Ophir Production, a joint venture of field operator Octanex with a 50% interest, Scomi Energy Services (30%) and Vestigo Petroleum (20%), a subsidiary of PETRONAS.

Declining oil prices impacted the field development plan that was revised accordingly to take advantage of low industry costs.

Cost savings of approximately 30% were identified and the capital budget was revised to $90m.

The new field development plan was approved by PETRONAS in September 2015.

A syndicate comprising Malayan Banking (Maybank), RHB Bank and United Overseas Bank is financing the project. A loan of up to $118.76m will be provided to cover 75% of the planned expenditure for a period of four years, in addition to a bank guarantee facility of $13.5m.


See more at : http://www.offshore-technology.com/projects/ophir-oil-field-development/

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.

Nilai Ringgit rendah turut dorong Scomi kembang pasaran : https://www.youtube.com/watch?v=LXj2rG0yfLc


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

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Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/

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Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/