Thanks Josh on the good sharing info.

Iskandar Malaysia has registered cumulative committed investments totalling RM111.37 billion from 2006 until March 31 this year.
http://www.kinibiz.com/story/corporate/16905/iskandar-malaysia-records-rm111.37bil-in-cumulative-committed-investments.html

SapuraKencana Petroleum Bhd., Malaysia’s biggest oil and gas services company, is bidding for $6 billion (RM18.3 billion) of new contracts in countries mainly outside Southeast Asia as it seeks to double its order book.

The Selangor, Malaysia-based company, with existing orders of $6 billion, sees growth in South America, East and West Africa, and India, Chief Executive Officer Shahril Shamsuddin said today in an interview in Singapore. About 40 percent of the contracts it’s bidding for are in Brazil, while another 30 percent are for work in India and Africa, he said.

SapuraKencana won shareholder approval yesterday for its $2.9 billion purchase of the tender-rig operations of Seadrill Ltd. The deal will make it the world’s largest operator of tender rigs with 51 percent of market share. Shahril is overseeing the acquisition about 10 months after SapuraKencana was formed by the $11.9 billion ringgit ($3.9 billion) merger of two Malaysian oil and gas companies.


Shahril Shamsuddin

“Moving ahead, the major acquisitions have already been made,” Shahril said in an interview with Rishaad Salamat on Bloomberg Television’s ‘On the Move Asia’. “The main objective now is to consolidate.”

The stock fell one percent to 3.05 ringgit in Kuala Lumpur trading at 11:24 a.m. local time. It’s advanced 45 percent since it began trading May 17, compared with the 10 percent rise in Malaysia’s benchmark FTSE Bursa Malaysia KLCI Index.

Tender rigs are barges that carry drilling equipment to oil platforms at sea which can be removed when work is completed, Shahril said. This gives SapuraKencana the option of flexible vessels that can move from one site to another without the need for a permanently installed drilling package, he said.

Deal approved

Investors approved the Seadrill deal including the placement of 587 million new SapuraKencana shares at 2.80 ringgit apiece, the Malaysian company said in a statement yesterday. SapuraKencana gains 13 tender rigs as part of the acquisition, in addition to the five rigs it owns with Seadrill under a joint venture, Shahril said. After the transaction it will operate 21 tender rigs, including 5 under construction.

SapuraKencana was created last year following the merger between SapuraCrest Petroleum Bhd. and Kencana Petroleum Bhd. The chairman of the latter is Mokhzani Mahathir, the son of former Malaysian Prime Minister Mahathir Mohamad.

-BLOOMBERG

Tambun Indah Land Bhd’s pre-tax profit increased 32.1 percent to RM23.98 million for the first quarter ended March 31, 2013, from RM18.15 million in the same period last year.

Revenue rose 18.7 percent to RM78.32 million from RM65.99 million previously.

In a statement, the property developer attributed the better performance to strong sales and higher revenue recognition from ongoing projects, whereby its township development, Pearl City in Seberang Prai, contributed 66 percent to its topline.

Managing Director Teh Kiak Seng said the group’s continued success came from the strategic locations of its developments.

On prospects, he said Tambun Indah is poised for continued growth ahead driven by Penang’s booming property market.

“In the remaining nine months of the year, we will launch projects with a gross development value (GDV) of RM256.6 million in Penang, allowing us to tap into the property market there.

“We will also launch more projects, with an estimated GDV of RM1.9 billion at Pearl City, between 2014 and 2020,” he added.

Posted by kcfan > Jan 19, 2013 05:59 PM | Report Abuse X

To view Eversendai corporate video,click this link and have some fun.
http://ir.chartnexus.com/eversendai/video.html

2 or 3 days will announce for the financial results and dividend paid out.Maybe have a rally.

Thanks iafx on the good sharing info.

But dividend paid out this time.

LBS is still undervalue.Must be patient on it,big money come from wait.

Coming financial announcement on 31st Apr.Foresee better financial results plus dividend giving.

If you have holding power,is the time to accumulate this stock's.Good luck.

UEM Land downgraded to ‘sell’ despite land sale.
http://www.kinibiz.com/story/corporate/16589/uem-land-downgraded-to-%E2%80%98sell%E2%80%99-despite-land-sale.html

SapuraKencana-Seadrill RM8.6bil deal approved


STORY BY
LAWRENCE YONG
lawrence@kinibiz.com
SapuraKencana Petroleum Bhd (SAKP) has received shareholders’ approval to buy Seadrill’s tender rig business in a US$2.825 billion (RM8.6 billion) deal that would give the Malaysian offshore oil and gas service group control of nearly half of the world’s tender rig supply.

The deal would be partly financed by private placement of 587 million new SAKP shares at RM2.80 to raise RM1.64 billion and with 400 million new shares issued to Norway’s Seadrill. As a result, SAPK’s issued share capital will be diluted by about a fifth to 5.992 billion shares.

The company will also borrow USD1.5 billion (RM4.7 billion) for the deal.


Shahril Shamsuddin

“This important milestone and the strong endorsement of our equity raising from our shareholders and the wider financial industry are clear validations of the strength of our business model,” president and group CEO Shahril Shamsuddin was quoted saying in a press release about the EGM.

At its market price of RM3.10 a share, the deal will bring SAKP’s market capitalization to RM18.6 billion, making it one of the biggest listed oil and gas companies in Malaysia.

The Seadrill acquisition was first mooted in November last year. The combined tender rigs business of SAPK and the ones it is acquiring from Seadrill will be 21 rigs including 5 new builds under construction. The new builds would require further capital expenditure of US$344 million. (RM1.07 billion), SAKP said. The global tender rig fleet count as of end January totalled 43 units, including 12 new builds under construction, according to industry sources. SAPK said its tender rig clients included Petronas, Shell, BP, Chevron, Hess, Murphy and PTTEP.

SAPK said that it expected tender rig demand to stay resilient, especially in Southeast Asia where the bulk of tender rigs are currently used. Demand in the region has increased from 15 tender rigs in 2000 to 23 rigs presently, it said.

The deal will also deepen Seadrill and SAKP ties. Last month, the companies were reported to be close to bagging a RM7 billion deal to supply marine vessels to Brazil’s Petrobras.

After the Seadrill acquisition, SAKP’s principal shareholders will remain the Shamsuddin family – through Sapura Technology (16.7 percent) and Mokhzani Mahathir, through Khasera Baru (13.3 percent). Seadrill’s share of SapuraKencana will double to 12 percent while the Employees Provident Fund’s shares will see its shareholdings diluted to 9.6 percent from 11.5 percent at present.

Perdana Petroleum buys RM180mil new vessels


STORY BY
LAWRENCE YONG
lawrence@kinibiz.com
Perdana Petroleum Bhd (PPB) has agreed to acquire two new vessels worth US$29.5 million (RM90 million) each to expand the group’s fleet, in a move seen to back associate Dayang Enterprise Holding’s bid to win a big oil and gas facilities upgrade job.

Through its subsidiary Petra Offshore Ltd, PPB will buy two units of 100 metre Accommodation/Work Vessel with the Hull Number SK310 and SK311 respectively from Nam Cheong International Ltd, the company told Bursa Malaysia.

“The total purchase consideration of US$59.0 million (RM180 million) for the vessels would be funded by internally generated funds and bank borrowings,” PPB said. PBB will pay 20 percent first on April 25 and the remainder of US$47.2 million when the vessels are delivered in the first half of 2014.

The agreement is not expected to impact PPB’s earnings this year but once the vessels are delivered and put into operation, it will generate future earnings for the Group, it said.

PPB is said to be backing Dayang Enterprise, which has been reported as a strong contender for part of the soon-to-be awarded Pan Malaysia Hook-Up and Commissioning tender worth between RM8 billion and RM10 billion.

Analysts said Dayang may win contracts worth up to RM2 billion, which would almost triple its current orderbook. Hook-Up and Commissioning projects often require a lot of vessels support to carry equipment to the site for installation, analysts said. Perdana Petroleum has a fleet of about 14 vessels.

Dayang, which holds a 26 percent stake, is the single largest shareholder of Perdana Petroleum.

Shares of both companies have been rallying this month. So far in April, Dayang’s shares have risen about 20 percent to trade at RM3.44 on Tuesday. Similarly, Perdana’s shares were up 10 percent to last trade RM1.47 on Bursa Malaysia.

私有化破局遭抛售MISC 大跌13.8%
财经新闻 财经 2013-04-22 21:18
（吉隆坡22日讯）随着国家石油（Petronas）的献购私有化计划失败后，马国际船务（MISC，3816，主板贸服股）周一股价应声下跌，闭市时大跌73仙，或13.77 %，挂4.57令吉。
马国际船务早盘以4.80令吉开市，低于上周五闭市时的5.30令吉，随后在两分钟内就继续崩盘至4.50令吉的全日最低价位，狂跌80仙，或15%。
国油或再献购
随后，马国际船务虽有所回升，但回弹力度有限，全日处于4.50令吉至4.85令吉之间，成交量达1735万6100股。
随着上周五（4月19日）献购截止，国油的持股权仅达86.07%，未达到90%的门槛，无法转成强制性收购，马国际船务的私有化献议正式破局。
根据规定，国油需等待12个月后，才可再一次提出献购马国际船务的股权；分析员也不排除国油在未来卷土重来。
此外，分析员也相信，持有6.4%股权的国民投资机构（PNB）或已转态接受献议，促使国油献购持股率增至86.07%。
早前，国油已把献购价从最初5.30令吉，调高至5.50令吉，仍无法获得所需13.93%股东支持，反映出调整后的献购价仍不足于吸引散户。
马银行投行研究分析员推算，短期投资者都趁这个良机脱售离场，不过，许多长期投资者都不愿接受献购。
那些在2010年以7令吉认购马国际船务附加股的长期投资者，因献购价比他们当时的认购价格低21%，而宁可等待船运业周期复苏。
随着马国际船务将保留上市地位，肯纳格研究分析员认为，该集团或将重组业务，尤其是持续亏损的石油和化学业务。
股价短期承受卖压
分析员均认为，马国际船务私有化破局后，股价在短期内将面对沉重卖压，但预计不会跌破4.50令吉。
该股今年初介于4.06令吉至4.53令吉之间，在国油宣布献购后，股价升至5令吉至5.50令吉之间。
随着该交易告吹，MIDF研究分析员预计，股价将回跌至私有化献购前水平。
然而，另有分析员认为，该股面对抛售的压力不会太显着，至少不会跌破4.50令吉。
兴业研究分析员指，独立顾问估计马国际船务业务的参阅估值为每股5.69令吉至6.10令吉，这可缓和市场的卖压。
中短期盈利不明朗
分析员估计，马国际船务中短期内的盈利表现，将继续受到石油和化学品船运业务供过于求的影响。
尽管最糟糕情况已过去，但全球环境持续不明朗，盈利表现仍会激烈波动。
高波动的承租率和船只供求不平衡，分析员预计，船运业将继续面对严峻考验，尤其是石油和化学品船运业务。
多位证券分析员因而调低马国际船务的评级和目标价，并谨慎看待中短期业绩展望。
无论如何，一旦船运领域复苏，马国际船务的业绩获得改善，或成功脱售面对亏损的业务，分析员将会重新调高目标价。

2nd round to collect on current stage of price after 1st round uptrend disposed all.Foresee more announcement things will take off by June.

Today have collect some on RM0.90 Time to wait for some capital gain.

Tambun Indah: In talks to buy land in Seberang Perai. Tambun Indah Land is in talks with three landowners to acquire more land in Seberang Perai for development and is confident of concluding the deals by the end of this year, said its founder and MD Teh Kiak Seng. He declined to reveal the exact size of the land, saying only that the group is looking for township land. Teh sees no problem for the group to finance the acquisitions of land as it is currently sitting in a net cash position of about RM100m. (SunBiz)

RHB Research views the recent debt restructuring by Puncak Niaga Holdings Bhd as slightly positive in addressing its debt repayment obligations.

This is given that the company has not been receiving full payment from Syarikat Bekalan Air Selangor Sdn Bhd(SYABAS).

In a statement today, RHB said under the proposed debt restructuring, the redemption date for Puncak Niaga’s RM1 billion Bai Bithaman Ajil (BaIDs) secured serial primary bonds has been extended to Oct 27, 2016, instead of the existing annual redemptions on Oct 27, from 2011 to 2016.

“The selling price of the BaIDs has been lowered from RM1.5 billion to RM1.3 billion, and at the same time, financial covenants have also been removed,” it added.

Hence, RHB said its maintaining a “trading buy” call on the stock, with an unchanged fair value of RM2.00.

“We expect to hear more developments in Selangor’s water industry only after the 13th General Election on May 5,” it added.

Targeting date on month end of June.

suddenly shoot up .why?

Sustain on their uptrend on latest news announcement.

If touch RM0.90 then collect.

Pending some good news announcement during coming AGM.Focus and wait.

Shareholders of Sapura Kencana Petroleum Bhd are expected to approve its acquisition of the entire tender rig segment belonging to Seadrill, the leading Norwegian global drilling company, at the upcoming extraordinary general meeting on April 23, analysts said.

In what is surely a strategic acquisition that will position it as a world leader for tender rigs, they see no problem in getting shareholders approval, given the solid shareholding by owners and friendly parties.

The significance of this EGM is that it will be a watershed meeting for the company, the analysts said.

Shareholders’ approval for the deal means that the merger and acquisition exercise becomes formalised and final.

In effect, it means the deal is done and the only remaining formalities are the transfer of monies and paperwork.

Analysts have said that as such, this massive deal worth US$2.9 billion would have been completed in a record six months or so.

The loan financing is in place and there is also a share issuance to satisfy the deal.

With the completion of the deal, Sapura Kencana becomes the world leader in the tender rig segment – the first time a Malaysian company has reached such a status.

Tender rigs are used in drilling up to a depth of 6,500 feet.

The deal enables one representative from Seadrill to sit on the Sapura Kencana board, bringing on a wealth of international experience, expertise and market connections.

Under the deal, Seadrill’s stake in Sapura Kencana will rise to 12.5 percent from 6.4 percent.

The two companies won a Brazilian pipe laying vessel deal for US$1.4 billion and are awaiting results for another similar tender in Brazil.

Now Sapura Kencana can go into new markets such as in Africa and Mexico, armed with their tender rigs.
The work force will also expand to about 10,000.

Since the deal was announced, the company’s share price has been rising with research houses clearly denoting it as a “buy” stock.

Against such a backdrop, shareholders would be eager to close the deal quickly and get on with what is surely a lucrative global business venture.

Petra Energy Bhd is understood to be close to securing a six month extension till year end for its RM1.1 billion hook-up, construction and commissioning (HUCC) and major maintenance services awarded by Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd in September 2008.

The contact was for a four year term ending December 2012, with an option for another year extension—broken down to two six month terms.

“They (Petra Energy) are on the verge of securing the extension till year end,” an industry official familiar with the matter said, declining to comment further.

Petra Energy officials declined comment.

Taking the RM1.1 billion job over the span of four years, back of the envelope calculations indicate that the extension could work out to about RM22.9 million a month or RM137.5 million for the six month extension, which could be a boon to Petra Energy.

What is more interesting is that the contract was supposed to be awarded as a five year RM2.8 billion job, in early June— after Petra Energy’s first six month extension expired. The new RM2.8 billion contract has been lumped up as part of the RM8 billion Pan Malaysian cluster of awards, slated to be announced in June this year.

So the question is does this six month extension ensure Petra Energy the RM2.8 billion five year job?

Opinions are divided.

“Why would they get the six month extension if they were not going to be awarded the larger RM2.8 million contract…It doesn’t make sense for them to award it to anyone else now…It’s like they have a foot in the door already,” an oil and gas official said.

However an analyst from a local brokerage begs to differ. He says that it would take time for Petra Energy the incumbent to wind down, if they don’t get the five year contract, and about the same time frame for a new winner to mobilise, and commence work on the contract.

While the analyst says that it is not etched in stone that Petra Energy will bag the RM2.8 billion five-year job, he does view the company’s prospects in a positive light and has a buy call on the company’s stock.

He said that Petra Energy has an orderbook of about RM400 million— indicating that the six month extension itself is a much needed boost for the company. Petra Energy’s tender book meanwhile is understood to be in excess of RM2 billion.

Petra Energy for its year ended December 2012 posted paltry net profits of RM7.44 million from RM654.89 million in revenue. Earnings were dragged down by a RM13.91 million net loss in the fourth quarter of the year, brought about by the recognition of losses at a civil engineering services arm.

As at end last year Petra Energy had RM100.70 million in cash and bank balances, while on the other side of the balance sheet the company had short term debt commitments of RM181.99 million and long term borrowings of RM9.79 million.

Nevertheless the company’s prospects could get better with the award of the jobs under the Pan Malaysia Cluster, and the award of a risk service contract (RSC) partnering Coastal Energy.

Petra Energy and Coastal Energy joint venture secured the RSC on a 30:70 basis, in September last year for the Kapal, Banang and Meranti cluster of fields off the coast of Terengganu. According to industry sources the mobile production offshore unit is being mobilised for the job.

However Petra Energy’s strength is its strong set of shareholders, such as East Malaysian businessman Bustari Yusoff controlling 27.5% equity interest, Wah Seong Corp Bhd with 26.9% shareholding, and Mohamed Nizam Abdul Razak brother of current premier Najib Abdul Razak, owning a 9.09% stake.

Both Petra Energy and Dayang Enterprise Holdings Bhd are the two largest HUCC players in the country, and both are expected to walk away with substantial portions of the contracts under the Pan Malaysia Cluster.

However both companies have been tight lipped about the possible awards under the Pan Malaysia Cluster.

Other significant players in the mix include Sarku Resources Sdn Bhd, a wholly owned unit of oil and gas giants SapuraKencana Bhd, and Shapadu Corp Sdn Bhd, where wholly owned unit Shapadu Energy & Engineering Sdn Bhd handles HUCC jobs.

Petra Energy’s stock ended trading at RM1.49 on Friday giving it a market capitalisation of RM479.41 million.

分析員相信東益電子（GTRONIC，7022，主板科技股）具有重估潛能，預計盈利成長在下半年會有驚喜。

東益電子即將於本月30日公佈2013財政年首季業績。

雖然分析員預測首季表現無法與上個季度的1170萬令吉核心淨利相比較，但看好其營業額及盈利將能夠取得按年成長，盈利預測將符合預期。

憑著於2012財政年盈利成長39%，以及高達6%的週息率，東益電子股價在2012年大幅上揚。無論如何，東益電子股價過去3個月保持平穩，在1.70令吉至1.90令吉區間交易。

根據該股周一1.76令吉的閉市價計算，東益電子的本益比（PE）達到10倍，相較於2012財政年初的5至6倍。然而，考慮到該公司2012至2015財政年的每股盈利（EPS）預測年復合成長率（CAGR）共18.3%，以及於2013財政年的8.5%週息率，艾芬投行分析員認為該股還是極具吸引力。

分析員認為，有三項因素讓該股有重估潛能，一、與國際供應智能裝置元件的同行比較，其估值折價高達30%至90%；二、盈利能見度高，主要盈收來源的發光二極管（LED）、計時裝置和近距離感應器業務正快速成長；三、盈利成長會有驚喜，憑著其近距離感應器在中國市場的滲透率，可能在本財政下半年便出現盈利驚喜。

分析員保守預測東益電子2013財政年淨利可取得4790萬令吉，2014財政年盈利成長為8%。

基於以上正面因素，他維持該股「買進」投資評級，目標價格在2.11令吉不變。
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=51391:&Itemid=198

Dayang Enterprise (Dayang) as a strong contender for the soon-to-be awarded Pan Malaysia Hook-Up and Commissioning tender worth between RM8 billion and RM10 billion.
http://www.kinibiz.com/story/corporate/15992/dayang-going-strong-for-billion-ringgit-tender.html

super steady push up.Nice

Among the developers that generated high sales were IJM Properties Sdn Bhd, Katana Developments Sdn Bhd, Sayang Realty and Tambun Indah Land Bhd who collectively sold close to RM50 million.
http://www.kinibiz.com/story/corporate/15714/mapex-2013-sales-exceed-rm100mil.html

Touch to RM0.90 and below.Will collect.

Fitters is deemed fairly attractive.Collecting mode.

Still foresee to break RM1.00 in short period.

Review back Osk reports.Viewing to focus and collect some.

Rebound ? Touch back RM1.00 and above ?

Still strong holding.My 1st TP RM1.00

My 1st target must break RM2.

Will collect around RM0.90 Wait...

Thanks valueinvestor on good sharing.Let's me do more homework and focus before investment decision make.

Based on good financial performance quarterly, inexpensive valuation & potentially technical and business outlook, Pantech could be a good stock for investment. However, the company's financial position is mixed and the company needs to address its high gearing as well as its high inventory.
For me, Pantech is deemed inexpensive.

How is today performance ?

Today will break RM1.00 and make record high ?

If drop more will start collect.Deeply undervalued stock after current outlook announcement.

Time to collect more ?

Deeply undervalued stock.
http://www.theedgemalaysia.com/in-the-financial-daily/235662-puncak-niaga-shares-up-pre-ge13.html

Congrats to LBS holders.I missed this cake since suggested by share investment consultant 3 weeks before.

Nice cake to share.Thanks

Tambun can still follow the Huayang ways for further uptrend ?

Today can make another record high after bonus issue on Huayang ?

Yes.Time to time I'm collecting steel counters.Hope is up ware from bottom as current market sentiment.Is a change ?