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2018-07-27 11:26 | Report Abuse
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2018-07-19 10:50 | Report Abuse
NGO wants Minister to probe TM over broadband
Published on: Wednesday, July 18, 2018
Kota Kinabalu: The Consumers Front of Sabah (CFOS) wants Minister of Communications and Multimedia, Gobind Singh Deo, the Malaysian Anti-Corruption Commission (MACC) and the National Audit Department to investigate Telekom Malaysia's "reluctance to provide high-speed broadband service to the Palm Oil Industrial Cluster (POIC) in Lahad Datu".
Its Secretary-General Hashima Hasbullah Yahya said this is necessary to ascertain what went wrong with TM Sabah's operations, whether there's any abuse of power involving the previous administration and where the RM13m Capital Contribution paid by POIC had gone to.
"This issue must be promptly and thoroughly investigated, as it essentially involved huge amount of taxpayers' money," Hashima said.
CFOS claimed to have reliably informed that investors were unhappy with the services provided by TM.
She cited their applications for Unifi high-speed internet connection being rejected by TM supposedly because the Capital Contribution paid by POIC did not include the provision of such service.
She said in a statement, Tuesday, that until today, the telecommunication infrastructures were never completed although the place has been in operation for the last five years.
"We were told that not all of the agreed equipment, including the telecommunication cabinets were installed, and only part of the agreed fibre optic cable network were installed. None of the equipment was operational nor functional. Even the power supply to the equipment was still not available after 5 years.
Only early this year TM hastily commissioned the 1st equipment (cabinet), after investors threatened further actions," she alleged.
"Besides this, some of the works were also said to be of poor workmanship and not meeting TM's own standards and specifications."
She demanded to know if it was true that part of the Capital Contribution had been channelled to "other TM Projects" as what was claimed by a certain TM official.
It was also believed that the value of work that has been done was only a fraction of the Capital Contribution, yet there was not enough fund to fully complete and to deliver the agreed and promised telecommunication infrastructures to POIC.
She also questioned if it was justified for TM, being a key Government-linked company (GLC) and utility provider wholly-owned by the Government, to charge such exorbitant amount for a development project like POIC Sandakan which is a project of the Sabah Government.
"As a leading GLC, Telekom Malaysia should be a company of high integrity, acting as catalyst in aiding and enhancing the Government efforts in developments by providing more cost effective and more professional services. Charging such exorbitant fee is in fact counterproductive to the Government effort," she asserted.
Hashima recalled that the MACC recently revealed that it has received many complaints of scandals and alleged misappropriation by "sharks" in government departments and government-linked companies (GLCs).
MACC commissioner Datuk Seri Mohd Shukri Abdull was reported to have said that many people had come to the commission recently, including civil servants and employees of GLCs to expose these scandals.
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2018-07-17 09:00 | Report Abuse
Gabungan AQRS Bhd
(July 13, RM1.26)
Maintain buy with a higher target price (TP) of RM1.60: Gabungan AQRS reported its first half ended June 30, 2018 (1HFY18) results that were above our expectations but within the street’s expectations.
Gabungan AQRS reported a net profit of RM35.6 million in 1HFY18 comprising 50% of consensus full-year forecast of RM71.4 million and 64% of previous estimate of RM55.4 million.
Revenue jumped 32% year-on-year (y-o-y) to RM314.7 million on higher construction (+42% y-o-y) and property development (+70% y-o-y) revenue.
Profit before tax (PBT) increased 36% y-o-y to RM48.7 million in 1HFY18, mainly driven by higher construction PBT (+66% y-o-y) and interest income while its property division incurred a small loss.
Net profit was up 52% y-o-y with lower effective tax rate. Excluding the one-off land sale gains in 1HFY17, core net profit jumped 249% y-o-y to RM35.3 million.
Gabungan AQRS’ high remaining order book of RM2.5 billion comprising the Sungai Besi-Ulu
Kelang Elevated Expressway, Kota Sultan Ahmad Shah and light rail transit (LRT) Line 3 projects will sustain construction earnings growth. Gabungan AQRS targets to secure another RM1.5 billion worth of new contracts. Poor sales for The Peak development continues to drag down property earnings.
Unbilled sales of RM128 million and unsold property units valued at RM486 million will contribute to property earnings in FY19 to FY22.
Gabungan AQRS also plans to launch its E’Island Residence affordably-priced apartments (1,104 units) with total gross development value of RM491 million in 2H18.
We upgrade earnings per share (EPS) by 7% to 14% in FY18 to FY20 to reflect better construction PBT margins. Construction PBT margin was high at 16.7% in 1H18 as its projects move to more advance stage of construction.
Assuming a higher sustainable construction earnings of RM70 million (RM60 million previously), we lift our fully-diluted revalued net asset value per share estimate to RM2.30. We reiterate our “buy” call on Gabungan AQRS with TP raised to RM1.60 from RM1.48, based on the same 30% discount on the lifted RNAV per share. Key risk is slower order book replenishment and execution.
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2018-07-16 16:16 | Report Abuse
EPF SUDAH MAKAN BEBERAPA HARI DAH
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2018-07-16 15:44 | Report Abuse
Gabungan AQRS: Minimal impact from revised LRT3 project. Although Gabungan AQRS will be affected by a “scaled down” version of the Light Rail Transit 3 (LRT3), the impact on the company’s overall order book will likely be minimal. According to its vice-president for strategic planning & investment, Ridhwan Effendy, the mid-cap construction and property development company will likely see a reduction of only RM100m in its orderbook, following the cancellation of the Temasya station, which is one of the five aborted under the revised version of the LRT3 project. (StarBiz)
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2018-05-31 10:58 | Report Abuse
MNRB Holdings Bhd reported a 15.62% rise in net profit in the fourth quarter ended March 31, 2018 (4QFY18) to RM29.41 million, from RM25.43 million a year ago, boosted by its business rationalisation exercise, termination of unprofitable ventures, lower management expenses and higher fee income.
In addition, the higher profit was also supported by net gains from the capital reduction exercise in Sinar Seroja Bhd, MNRB said in a filing with Bursa Malaysia today.
Quarterly revenue, however, was 10.76% lower at RM636.71 million compared with RM713.49 million a year ago, on lower contributions from its re-insurance business via Malaysian Reinsurance Bhd (Malaysian Re) and Islamic insurance unit, Takaful Ikhlas Bhd.
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2018-05-29 22:03 | Report Abuse
BY JULY TP RM2 ......easily
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2018-05-28 14:49 | Report Abuse
MBSB 1Q net profit triples to RM316.79m on allowance writeback for impaired loans
KUALA LUMPUR (May 28): Malaysia Building Society Bhd’s (MBSB) net profit more than tripled to RMRM316.79 million or 5.33 sen per share for its first quarter ended March 31, 2018 (1QFY18), from RM101.32 million or 1.75 sen per share, due to allowance write back for impaired loans.
In 1QFY18, MBSB reported an allowance write back for impaired loans of RM154.4 million, compared with an allowance charge for impaired loans of RM167.92 million.
Its quarterly revenue was marginally higher by 0.47% to RM815.04 million, compared with RM101.32 million, the group said in a filing with Bursa Malaysia today.
Meanwhile, MBSB’s gross income from corporate loans and financing in the current period was higher compared to the previous year's corresponding period, due to continued growth of corporate loans and financing assets base.
MBSB's corporate disbursements amounted to RM1.1 billion in 1QFY18, representing 75% of the total quarter's disbursement of RM1.5 billion, the filing added.
“The expansion in corporate financing is in tandem with the Group’s commitment to achieve an optimum asset composition between retail and corporate mix of 70:30,” MBSB said in a separate statement today.
Conversely, the cost to income ratio (CIR) regressed to 26.71% from 22.62% (4Q17) and 19.72% (1Q17), MBSB noted.
“We had expected the rise in costs due to the merger exercise, as well as due to higher funding costs. Yet, it is worth highlighting that the CIR remains considerably better than the industry’s average of 49.7%,” its group president and chief executive officer Datuk Seri Ahmad Zaini Othman said.
Going forward, the group said it expects its prospects for the year to be satisfactory, barring any unforeseen circumstances.
From April 2, 2018, MBSB will continue to maintain its conventional receivables and perform conversion of these receivables into Islamic receivables over the next three years, which will be subsequently vested into MBSB Bank.
Any residual receivables that are not converted will either be redeemed by the account holders or disposed off to a third party, the group added.
“We continue to build up MBSB Bank’s capabilities, following the corporate exercise. We have realigned the Group’s business, policies and operations and continue to make investments to upgrade and enhance the information technology infrastructure and delivery channels,” Zaini said.
“As a new Islamic banking group in the industry, the group looks forward to expanding its products and services, which include trade finance, wealth management and internet and mobile banking, to cater to various segments of our customers and depositors,” Zaini added.
At noon break, shares of MBSB were up two sen or 1.72% at RM1.18, with 1.95 million shares traded, for a market capitalisation of RM7.13 billion.
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2018-05-17 11:19 | Report Abuse
myEG go to Holland liao lor..........
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2018-05-14 10:05 | Report Abuse
easily can go back rm 12-14
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2018-05-14 10:05 | Report Abuse
thanks to MAHATHIR ... to adjust petrol price mechanism
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2018-03-22 12:12 | Report Abuse
will continue fall further and further...
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2018-03-19 09:11 | Report Abuse
dnex start moving.... wake up call...
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2018-03-14 16:48 | Report Abuse
WAH SEONG CORPORATION BERHAD (5142.KL) Shares Needle Moving -1.96%
Shares of WAH SEONG CORPORATION BERHAD (5142.KL) are moving on volatility today -1.96% or -0.03 from the open. The BM listed company saw a recent bid of 1.50 and 2576400 shares have traded hands in the session.
Many investors may strive to be in the stock market when the bulls are running and out of the market when the bears are in charge. Investors often use multiple strategies when setting up their portfolios. Some may rely solely on fundamental analysis, technical analysis, or a combination of both. Investing can be an extremely tough process. Individual investors often strive to gather and analyze vast amounts of information in order to make educated decisions. Often times, investors may have initial success in the stock market, and then things may turn sour. Confidence may be necessary to make the tougher decisions, but overconfidence may lead to an underperforming portfolio. Overconfidence may cause the investor to make poor decisions because they are relying too heavily on personal interpretations.
Taking a deeper look into the technical levels of WAH SEONG CORPORATION BERHAD (5142.KL), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -77.78. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
WAH SEONG CORPORATION BERHAD (5142.KL) currently has a 14-day Commodity Channel Index (CCI) of -104.45. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, WAH SEONG CORPORATION BERHAD’s 14-day RSI is currently at 48.59, the 7-day stands at 39.73, and the 3-day is sitting at 32.25.
For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 1.10, the 50-day is 1.43, and the 7-day is resting at 1.54. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.
Currently, the 14-day ADX for WAH SEONG CORPORATION BERHAD (5142.KL) is sitting at 24.77. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
When dealing with the stock market, investors may seek to make trades that will limit regret and create a sense of pride. Often times, investors may be challenged with trying to figure out the proper time to sell winners or let go of losers. Of course, nobody wants to sell a winner if it looks like there may be more profits to be had. On the other hand, nobody wants to hold on to a loser for so long that severe losses pile up. Investors often need to assess their own appetite for risk. Some may be able to stomach large swings on a daily basis. Others may not be able to take the volatility when dealing with riskier investments. Risk decisions may be made on past outcomes, and investors who have experienced previous profits and gains may be more likely to take a bigger risk in the future. Those who have only seen substantial losses may be more risk adverse in the future.
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2018-03-09 15:07 | Report Abuse
the company that has full of cash.. no debt , why worry?
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2018-03-09 15:05 | Report Abuse
very confident in petron ! target price RM15
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2018-03-07 16:31 | Report Abuse
there is no reason for petron to fall with strong cash it has.. and business doing still ok
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2018-03-07 16:10 | Report Abuse
as global trade war.. in progress.... unless.. opposite direction
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2018-03-07 16:08 | Report Abuse
at the moment....this week .... it can fall to 4.95
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2018-02-21 20:47 | Report Abuse
KUALA LUMPUR: Hibiscus Petroleum Bhd’s net profit for the second quarter 2018 (Q2 2018) ended Dec 31, 2017, increased to RM11.04 million from RM10.66 million recorded in the previous corresponding period.
Quarterly revenue increased from RM62.83 million in Q2 2017 to RM76.01 million registered in the current quarter, mainly attributed to the higher average realised oil price of US$62.93 per barrel in the current quarter versus US$51.54 per barrel, previously.
In a filing with Bursa Malaysia today, Hibiscus said the increased profit was, in part, due to lower quarterly expenses.
Moving forward, Hisbiscus said it would focus on completing the 50 per cent acquisition in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract from Sabah Shell Petroleum Company Ltd, by March 31, 2018.
“Post completion of the North Sabah transaction, we will immediately focus on lowering unit production costs.
“We will also undertake a range of activities to ensure seamless integration of the North Sabah operations with our existing work processes and performance based operating culture,” it said.
The company announced on Feb 7, 2017 that it planned to increase the Anasuria Cluster production by 5,000 barrels of oil per day by 2020 with the GUA-P2 side-track drilling. – Bernama
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2018-02-20 15:12 | Report Abuse
stay.. as oil price....not goin downward
https://oilprice.com/Energy/Oil-Prices/Saudi-Arabia-Wants-70-Oil.html
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2018-02-19 09:50 | Report Abuse
due to upcoming QR RESULT.. tp. RM1.20
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2018-02-13 11:01 | Report Abuse
yes... petron is good.. both DRB & PETRON .. GOOD!
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2018-02-02 11:32 | Report Abuse
Hibiscus hit high 1.17. support is at 0.81 followed by 0.72. Time being 0.94 is d immediate support.
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2018-02-02 10:39 | Report Abuse
why it drops ? when rated it rm1.45
http://www.theedgemarkets.com/article/hibiscus-best-malaysianlisted-proxy-rising-oil-prices-says-alliancedbs-research
Stock: [KPS]: KUMPULAN PERANGSANG SELANGOR
2018-07-27 12:20 | Report Abuse
KPS TARGET PRICE RM2.80