Scomi Engineering Bids For RM7.7b Worth Of Monorail Projects In Brazil
Scomi Engineering (SEB) is expected to bid for two more monorail projects in Brazil in the early half of next year that is estimated to cost between US$2.5 billion (RM7.7 billion) and US$3 billion (RM9.2 billion), according to a source familiar with the matter. The source said SEB will most probably clinch one of the two projects due to its track record, supported by its rolling stock manufacturing facility in the country. Few months ago, SEB had begun work on a RM2.7 billion monorail project in Sao Paolo, where the company’s portion of the project is about RM600 million. The source further added that more than half of the contract value of the two new monorail projects would involve civil construction works and as such the company would most likely have to partner a Brazilian civil construction company.

SEB is the only Malaysian brand to reach the international league of integrated suppliers of monorail system alongside Bombardier and Hitachi. Its current rail order book stands at RM846 million.

Nice link.
http://www.chinapress.com.my/node/372114

Pantech 80 cents on the probe.

Good deal.Sold at high on overbought.Aiming to collect back during weakness.

Thanks sixteenblue on good sharing.

As value investor,Pantech overly Aggressive Performance Targets on ups the ante by continually setting revenue and earnings growth targets that are far ahead of its competitors' on it's current biz outlook.

Investor's and insider focusing on undervalue stock likes Pantech and Tas as well.

Steady!Going to break year record high.Cheers

Foresee double top breakout on current level.Next uptrend at RM0.55 by this week ahead.

More about TAS.
Source:http://www.tasoffshore.com/finance-investments/investment-highlights

Nice research by RHB

Still undervalue stock with NAPS=RM0.78 and PE=8.18 Next breakout price RM0.55

Continue their uptrend ahead..

Going further uptrend ahead..

Investment Highlights
Well-established track record. In-depth expertise from 17 years of experience in ship building business; completed more than 150 vessels of various types since 1991.

Excellent growth prospects. Significant prospects from many end-user industries e.g., O&G, transportation, timber and port management. Vast opportunities from export markets in the Middle East and ASEAN. Revenue grew at CAGR of +33% and PAT increased at CAGR of +43% from FY06 – FY08.

Strong and growing order book. Current contracts in hand stand at about RM350 million, which will last till end of FYE05/11. Currently bidding for another RM50m worth of jobs.

Exposure to oil & gas industry. Nearly 54% of TAS Offshore’s revenue in FYE05/08 was derived from oil & gas sector/customers. This ratio is expected to increase substantially in FYE05/09 and beyond.

Strong balance sheet with zero gearing. TAS Offshore is in a net cash position, a unique situation amongst ship builders.

High operational efficiency. TAS Offshore’s ROA of 17% (FYE5/08).

High profitability. TAS Offshore’s ROE of 31% (FYE5/08).

Source:http://www.tasoffshore.com/finance-investments/investment-highlights

International-standard shipbuilder. All vessels are constructed according to stringent international standards set by recognized bodies such as Bureau Veritas, Germanisher Lloyd and Nippon Kaiji Kyokai.

45 million of net cash
It the past two years, turnover of more than 100 million 20 million ringgit net profit of 30 million, about 24 to 25 cents earnings per share, the PE ratio is between 5-6 times.
Meanwhile, the company has an annual dividend of 8 cents, the weekly rate of about 5-7%, is a leader in technology stocks.
As of June this year, the semi-annual report, the net income per share of 11.4 cents, the company has no debt, has net cash of 45 million ringgit, about 38 cents per share.
The company recently announced 2 get 1 bonus shares, shareholders King held on October 10. (Shareholders has been approved by the King on Bonus Scheme) its share price by the bonus shares motivate currently record high floating.
In a great variety of technology areas, such as investment, we must be careful to follow up its quarterly results to be evaluated.
However, fundamental factors and its past record of shareholder returns to judge, ECS is worth the long-term ownership.

The company's largest shareholder is the Singapore-listed ECS Holdings (ECS Holdings, 41%), and Entertainment Park (Paramon, 1724, motherboard industry shares) Chairman Datuk the Zhang Changjiong (8.6%).
The company is Malaysia's largest information technology products agent and distribution companies in Malaysia has over 2500 distribution points.
Agents and distribution of products, including laptop computers, personal computers, copiers, software, network, telecommunications equipment, data storage, etc..
ECS distribution of more than 30 kinds of brands, including HP (Hewlett Packard), IBM (IBM), Cisco (Cisco), Microsoft (Microsoft), Apple (Apple), Dell (Dell), Samsung (Samsung) are world-renowned brands.
In September of this year, the ECS Malaysia Asustek (ASUS) appointed as Nexus7 Google Tablet PC distributor in Malaysia, the company is optimistic about the future performance and outlook.

With benefits offshore shipbuilding contracts worth $ 53.3 million ringgit based on hands hold, look to 2013 and 2014 fiscal year to write down the high turnover and profitability.
The Tas offshore Managing Director Datuk Nai good contract orders, including $ 47.8 million ringgit anchor support tugs (AHTS), 60.7 million ringgit the tugs orders, 31.7 million ringgit a small harbor tugs orders, as well as 13.1 million ringgit transport ship orders .
Fiscal year ended May 31, 2012, with the benefit offshore completed 19 tugs and two anchor support tugs. He pointed out that the oil and gas sector of the tugs and offshore tugs demand will strengthen future business growth.
"The increase in oil and gas industry offshore deep-sea exploration and production activities, estimated to push up demand.
Indonesian mining and logging activities also drive the the tug demand. '
He said that with the benefit offshore optimistic about the new order of the future be more offshore support tugs. In addition to meet domestic demand, with the benefit offshore also exported to the United Arab Emirates, Bahrain, Indonesia and Singapore.
First quarter net profit soared 111%
With the benefit of offshore performance in the first quarter ended August 31, 2012 brisk, while turnover was up, net profit soared more than 111%; earnings per share Young in the first quarter of this year rose to 1.54 cents, 0.72 cents higher than the same period last year.

Nice uptrend ahead.

I'm still on holding position.Its Price to Book is about 0.6 time (based on NTA of RM0.80 as at 31/8/2012) & it has a dividend yield of 3%.
With this recently RM0.45 breakout, the stock can slowly climb to test its next few resistance at RM0.55, RM0.60 & RM0.70.

SapuraKencana Jumps 8% On Tender Rig Integration With Seadrill
SapuraKencana Petroleum shares rose as much as eight percent in early trade following the oil and gas support services provider’s plan to merge its tender rig operations with those of Seadrill. SapuraKencana was traded at RM2.86 with some 8.2 million shares done after rising as much as 21 sen to RM2.92, making the company the most actively traded entity on the exchange at early morning. The stock had later eased down to RM2.81 at closing yesterday. Based on the planned integration of company’s tender rig operations, analyst and investment bankers are giving a “buy” call on the stock. A Hong Leong Investment Bank analyst said the research house’s estimates indicate that SapuraKencana’s earnings per share for its FY14 and FY15 may rise between five and 38 percent, hence, potential target prices of between RM2.92 and RM3.83 for the stock. Meanwhile, a HwangDBS Vickers Research analyst said SapuraKencana’s RM15.3 billion order book will offer strong earnings visibility over the next three years.

Significance: SapuraKencana had signed a non-binding memorandum of understanding (MOU) with Seadrill to merge their tender rig operations. The MOU represents the first step towards a definitive agreement where SapuraKencana will acquire the entire stake in Seadrill’s tender rig business for an enterprise value of 2.9 billion US dollar or RM8.89 billion.

Masteel Secures Deal To Supply Steel To MRT
Malaysia Steel Works (Masteel) has secured a RM6.7 million contract to supply steel for the multi-billion Klang Valley mass rail transit (MRT) project. Under the deal, it will deliver high-tensile steel bars to Mass Rapid Transit Corporation by November end which is to be used at various sites, including Package V1-Sungai Buloh, Package V2-Kota Damansara and Package V5-Cheras, said the steel manufacturer in a statement. According to the company’s managing director and chief executive officer Datuk Seri Tai Hean Leng, the company expects more awards for steel bars to increase over the next three years as the momentum of the project’s implementation gains further traction. Apart from the MRT project, Tai said Masteel’s strategic location within the Klang Valley allows the group to benefit from other projects such as the RM7 billion KL Light Rail Transit extension, the RM1 billion New Pantai Expressway and the RM2 billion Low Cost Carrier Terminal.

Significance: Masteel has a 550,000 tonnes per year meltshop in Bukit Raja Klang, currently and a 350,000 tonne rolling mill in Petaling Jaya. The steel manufacturer is in the midst of constructing a third rolling mill which will enhance the group’s prospects from government projects.

Target price RM0.80 on accumulating mode.Steady on continue uptrend.

Waja9073 , you did it on this still undervalue with NTA RM0.80 and below PE 8.

Outlook The lower consumer demand for Notebook PCs coupled with the higher price tag of the popular ultrabook has hurt the sales of its ICT distribution segment. Recently, the group has also started to distribute Google's Nexus 7 (tablet) to its IT channel retailers with the much anticipated ASUS Padphone 2 and iPad mini to come soon by early next year. We believe this will provide an additional revenue stream to the group in the future.

Time to collect more ! Potential growing stock.

Bought on bottom up.Steady now.

TAS confident of posting better results.
http://www.btimes.com.my/Current_News/BTIMES/articles/20121108150452/Article/index_html

Yes.Waiting for new warrants release by tomorrow and monitor it performing on market action.

Watch out on AGM announcement on Wednesday 7th Nov.Will be good news exploring.

Congrats CP TEH.... you got it.

More news..Need google translate.
http://biz.sinchew.com.my/node/66835

More info.Need translate lo..
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=29764:&Itemid=198

Thanks KC Loh.my life of investment partner .

I'm disposed all on early stage since hold it for about 3 years.Thanks TM all the ways on safe return.I will be back to you ..TM

Earning my holiday trip on disposed some portion of BENALEC shares.Other portion still holding it if market sentiment unchanged.My target view for it mid term invest.Have a nice trading day;s ahead.

Spending a lot of effort is to define how big the runway of opportunity is in the business.If looking not for short-term opportunities,SKPETRO is wide opportunities for long term invest.Good buying is the once.Right?

Understand that the best opportunities usually carry more perceived risks, and distinguish carefully between the risks that matter most and those can live with.
For my point of view on this counter's prepare to delay decision on share buy back if ongoing unclear company warrants settlement not over yet.Trade in safe mode.Right?

Its Price to Book is about 0.6 time (based on NTA of RM0.80 as at 31/8/2012) & it has a dividend yield of 3%.

Well positioned for more jobs.maintain BUY on with a sum-of parts fair value of RM2.59/share, which includes a PE of 9x against its 3-year average forward earnings for its construction division. The valuation is supported by net cash of 40 sen/share and RNAV for its 890acre-landbank at 65 sen/share.
AND
1) strong earnings visibility over FY12F-FY14F, 2) strong balance sheet, including the RM200mil cash in hand, and 3) as a proxy to the strong growth in the state's construction sector given other potential jobs in the pipeline within and without SCORE .

strong support on RM0.455 still accumulating mode.

Gear up to top speed soon...drive safe on uptrend.

Next counter to find the exit door is LMcement before GE13.

Sold out a portion of shares.Cheers on good return.Thanks Tasek cement.

Entry on RM0.645 will average up base on share back buy by company recemtly.

Accumulating...

Collecting mode during weakness.

Perisai Petroleum: To break into FPSO market. Perisai Petroleum Teknologi, an oil and gas support provider, is poised to move one notch up the ladder in the supply chain of the industry by going into the lucrative floating, production, storage and offloading (FPSO) market. The group is looking at acquiring a stake in a PFSO vessel from its shareholder Ezra Holdings Ltd and the vessel is to be used for providing services to an offshore O&G field in Malaysia. A consortium led by Ezra has put in a bid to supply the FPSO vessel to cater to the North Malay Basin oil field located off the coast of Terengganu and Kelantan. (Financial Daily)

Attractive valuation on strong growth prospects
Pantech remains on track to achieve strong double-digit sales and profit growth over the next few years. The company targets
to hit the RM1 billion mark in sales by 2015.

We estimate FY13 earnings at RM54.3 million, which represents 57% growth from the profit of RM34.5 million recorded in
FY12. Net profit is expected to expand a further 21% to RM65.6 million in FY14.

Based on our forecast, the stock is trading at very attractive valuations — price-earnings multiples of only 6.1 and 5.1 times
respectively for FY13 and FY14, or 7.9 and 6.5 times on a fully diluted basis for the two financial years.

Its valuations compare favourably against that for most O&G stocks listed on the local bourse and the broader market’s
average valuations as well as against our projected growth for the company. Plus, the stock is trading below its net asset of 73
sen per share as at end-August.

Pantech has proposed a second interim dividend of 1.2 sen per share on top of the one sen per share dividend paid in 1QFY13.
We estimate dividends will total 4.5 sen per share for the current financial year. This will earn shareholders an attractive net
yield of 6.7% at the prevailing price.

Commentary on prospects

The Group recorded a turnover of RM17.8 million and profit before tax of RM3.7 million for the current quarter ended 31 August 2012.

In the opinion of the directors, the result for the current quarter and financial period to date have not been affected by any transactions or events of a material nature which has arisen between 31 May 2012 and the date of this report.

The global recovery pace remains subdued amidst the slow economic recovery in the United States, turbulence in the Euro Zone sovereign debt markets and the slowdown in some of the major economies like China, India and Japan. However, high resilient crude oil price of above US$90 per barrel has continued to spur oil majors to increase their offshore deep sea exploration and production activities. The demand for offshore support vessels is expected to increase in tandem with the increase in offshore deep sea exploration and production activities.

Our healthy order book is expected to contribute positively to our revenue and profits for financial year 2013 and 2014. We are optimistic in our outlook that new orders for offshore support vessels are going to resurface.

The demand for tugboats from Indonesia is sustainable judging from the orders we received from those related to coal and iron ore industries.

2013 remains to be challenging as the global recovery is still uncertain. However, we are of the opinion that 2013 will be a better year and the Board will continue to cautiously work towards securing better and more projects and profits for the shareholders.

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/3C40F9DE03F20DBD48257A9C0032168B/$File/TAS