limch

limch | Joined since 2015-08-29

Investing Experience -
Risk Profile -

Be greedy when others fearful-Warren Buffett. UM graduate. 27 years experience in stock market. Graduate same faculty like KWAP CEO. Like CPO and property counters bec believe land will appreciate over time.

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Stock

2017-09-11 22:44 | Report Abuse

Agree. Peanut oil business is more better(stable) than shoes.

cheong3288 thanks redchip for the info, but this is xinghe thread hehe, xinghe sell peanut oil not shoes
11/09/2017 17:15

Stock

2017-09-09 22:04 | Report Abuse

Roni, 58, is Petra Energy Bhd chief operating officer (COO) and Petra Resources Sdn Bhd CEO. He had served in Sarawak Shell Bhd, Brunei Shell Petroleum Co and Ranhill Bhd as its executive vice-president (petroleum and chemical).
In terms of international exposure, Roni had been employed by Carigali-Triton Operating Co in major development projects for oilfields in Japan and South Korea. He was said to be instrumental in the development of marginal oilfields in Murphy Sarawak Oil Co Ltd.

Read more at http://www.thestar.com.my/business/business-news/2017/09/09/search-for-petros-ceo-intensifies/#KJhjF4Ykj4cxXhqZ.99

Stock

2017-09-09 20:11 | Report Abuse

Analysts react positively to Azhar's appointment

By AMIR HISYAM RASID - September 9, 2017 @ 10:34am
KUALA LUMPUR: THE market and analysts seem to back the move to appoint Datuk Wira Azhar Abdul Hamid as Felda Global Ventures Holdings Bhd’s (FGV) chairman.
Analysts, however, noted that the more pressing matter for the FGV board was to resolve the issue of its president and chief executive officer (CEO).
As soon as the appointment was announced, FGV shares surged to an intraday high of RM1.68 in the afternoon. The shares closed 3.14 per cent higher to RM1.64 yesterday, from Thursday’s close of RM1.59.
It saw 228.64 per cent higher trading volume, with 13.3 million shares changing hands, compared with Thursday.
With the important piece of the puzzle slotted in, the market now awaits the announcement on the CEO’s position so as to gain clarity on the company’s direction.
“We think the market will be looking to the decision on the domestic inquiry (DI) proceedings on the group president/CEO,” MIDF Research plantation analyst Alan Lim told NST Business.
Azhar’s appointment would be positive on FGV as it reflects more certainty on the company’s direction, he added.
Prime Minister Datuk Seri Najib Razak announced the appointment yesterday, expressing confidence that with his vast experience, Azhar will helm FGV effectively and enhance investor confidence which would translate to a stronger share price for the plantation company.
Azhar takes over from FGV acting chairman Tan Sri Sulaiman Mahbob effective yesterday.
FGV independent DI panel will deliver its decision on group president and CEO Datuk Zakaria Arshad early next week.
On June 6, Zakaria was suspended along with chief financial officer Ahmad Tifli Mohd Talha and two other senior officers, namely Delima Oil Products Sdn Bhd senior general manager Kamarzaman Abd Karim and FGV Trading Sdn Bhd CEO Ahmad Salman Omar.
The suspensions were due to alleged accounting irregularities at FGV’s unit Delima Oil Products, which had dealings with Dubai-based Safitex Trading LLC.
An investment banking analyst who is positive on Azhar’s appointment said the CEO issue should be concluded as soon as possible as the position is important.
“If Zakaria gets reinstated it would be positive for sentiment, but after FGV’s latest clarification to Bursa Malaysia, anything can take place,” said another analyst.
Nazarry Rosli, panel of Malaysian Association of Technical Analysts, said Azhar could help any CEO, new or current, to bring FGV to a better position given his vast experiences in delivering results in his many previous positions.
“His vast experiences in heading big and established corporations, especially a plantation giant (Sime Darby Bhd) is good news to FGV as he can take FGV to greater heights,” he added.

https://www.nst.com.my/business/2017/09/277852/analysts-react-positively-azhars-appointment

Stock

2017-09-09 18:13 | Report Abuse

Thief target?

meistsk3134 pity pohkong branch, read few case this year rape by thief
03/09/2017 21:31

Stock

2017-09-06 16:44 | Report Abuse

Sugar hike must have? Who must ask?

Stock

2017-09-06 16:07 | Report Abuse

People who use internet everyday like us someone sure must use XOX.

Stock

2017-09-06 16:03 | Report Abuse

Even you no joke better don't buy share. Place FD and no need to come i3. Settle everything.

Happy Trader Kind advise. Please cut loss immediately
06/09/2017 11:37

Stock

2017-09-06 15:56 | Report Abuse

Everyday I eat peanut jam must use peanut oil.

Stock

2017-09-06 15:52 | Report Abuse

If Huaan cannot up why not look at Xinghe? Xinghe is peanut oil counter so 6-6.5 sen still very cheap.

Stock

2017-09-06 15:26 | Report Abuse

If Huaan reach 30 sen Xinghe can reach 10 sen?

Stock

2017-09-06 15:21 | Report Abuse

Huaan 20 sen strong support so Xinghe is 5.5-6 sen strong support?

Stock

2017-09-06 15:15 | Report Abuse

PRGL up 4 sen no 1 see it? Why i3 forum so lousy?
https://www.bloomberg.com/quote/3368:HK

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2017-09-06 14:59 | Report Abuse

CIMB saw RM 7 last week. AMMB RM 7 wait 2-3 years?

Stock

2017-09-06 12:42 | Report Abuse

When drop from RM 1 to 2-3 sen you got say pity to shareholders?

apolloang but stock price up 500% since last few trading days,rise not in tandem with coke price
06/09/2017 12:37

News & Blogs

2017-09-06 12:33 | Report Abuse

S'porean not more advance than us? Why they still use cash?

Stock

2017-09-06 12:29 | Report Abuse

Travel insurance must be made compulsory.

Stock

2017-09-06 12:27 | Report Abuse

Miss out PN 17 HB Global as well.

Stock

2017-09-06 12:24 | Report Abuse

Should ask why Huaan, CSL, etc can move why not Xinghe?

B4b4 NK show off only. No war , sir. Just play a fool with his toy missile. No worry lah. This counter very active lately. Any good news ?
06/09/2017 11:57

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2017-09-06 12:11 | Report Abuse

MRT3 must fast track(according to Datuk Liow Tiong Lai) so WCT got chance to win something?

Stock

2017-09-06 11:49 | Report Abuse

I also like WCT but not at any price. GLCs' many here(EPF, KWAP, TH, PNB) so easier to get govn contracts?

News & Blogs

2017-09-06 11:45 | Report Abuse

M'sians no more use cash? Why GHL, Mpay share chased so high?

Stock

2017-09-06 11:11 | Report Abuse

That's why PE still less than 5.

Stock

2017-09-06 11:11 | Report Abuse

Xinghe QR is seasonal ie big profit in 1st and last qtr.

Stock

2017-09-06 11:10 | Report Abuse

Xinghe only 6 sen must compare with 6 sen stocks QR only fair.

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Stock

2017-09-06 10:40 | Report Abuse

Maybank TP RM 4.9 a fake?

Stock

2017-09-06 10:37 | Report Abuse

No Z FGV drop 20% so must wait his comeback?

Stock

2017-09-06 10:16 | Report Abuse

High CPO price and FFB output can help FGV along with lower sugar raw mat cost in 2nd half 2017.

Stock

2017-09-06 10:07 | Report Abuse

Affin top banks buy. If depend on i3 forumers tan ku ku lah is the answer.

Stock

2017-09-06 09:59 | Report Abuse

What incentive is Jaks BOD to run Jaks well when their boss not looking after them everyday? If I am BOD I better take care my own pocket than Jaks.

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2017-09-06 09:51 | Report Abuse

NTA 1.1232 so Morgan Stanley keep buying and takeover? After takeover can sell Media properties for 40-50 sen gain?

Stock

2017-09-06 09:45 | Report Abuse

Many substantial shareholders own less than 20%. Ma Guoliang still own over 50% Xinghe.

Stock

2017-09-06 09:44 | Report Abuse

Beware of Jeffreyteck. All his postings is bad intention.

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2017-09-06 09:42 | Report Abuse

Substantial shareholder is old man KYY? Can he run Jaks at age 84?

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2017-09-06 09:36 | Report Abuse

Lotte EPS 6 sen can fetch RM 5.3 why SOP better EPS cannot? If talk abt CPO counter why IOI can fetch 4.52?

Stock

2017-08-31 16:58 | Report Abuse

Magna Prima may develop 1.06ha in KL

By K. BEGUM - August 31, 2017 @ 10:28am
MAGNA Prima Bhd may develop the prized 1.06ha site in Jalan Ampang, Kuala Lumpur, by itself, instead of an outright sale. It will fetch a gross development value (GDV) of RM2.2 billion.

A new development plan is in the works for the freehold land, where the Lai Meng primary school was formerly situated, according to sources.

“Magna Prima is still open to selling the land if they get a good offer but if it takes too long they will develop the land on their own or in a joint venture with a reputable developer.

“They have been holding the land for seven years and it is time they do something about it. I think the timing is just right as the market is expected to perform better in the second half of next year and onwards. It would be best now to unlock the value of the land,” a source told NST Property.

Magna Prima had bought the land seven years ago for RM1,350 psf or RM148.2 million cash.

The small-cap developer had intended to carry out a mixed project with a GDV of RM1.8 billion at a plot ratio of 1:12.

The proposed project would be made up of two 60-storey iconic towers. One would be a grade A office with Green Building Index features while the other will have a combination of serviced apartments, a hotel and offices.

In 2015, Magna Prima decided to sell the land to strengthen its balance sheet and re-focus on other niche projects.

It was reported that Magna Prima was looking at a price tag of about RM3,500 psf for the land, which works out to RM400 million.

Retirement Fund Inc was interested in buying the land two years ago. The pension fund had offered about RM3,300 psf but nothing was finalised.

According to Hua Yang Bhd chief executive officer Ho Wen Yan, offers are still coming in for the land, which is 300 metres from the KLCC.

“The interest is there because not much prime land in the vicinity of KLCC are still available for development. So there are always offers, but Magna Prima is not actively marketing it.

“In fact, they have just appointed a new architect and are looking at resubmitting for a higher plot ratio currently. So it is possible the land may be developed,” he said last week after the company’s shareholders’ meeting in Kuala Lumpur.

Ho had said previously that he hope the Lai Meng land project would take off in the next financial year or in two years to realise the potential of the company’s investment in Magna Prima.

Hua Yang is the single largest shareholder with about 30.95 per cent stake in Magna Prima.
https://www.nst.com.my/property/2017/08/274920/magna-prima-may-develop-106ha-kl#cxrecs_s

Stock

2017-08-30 20:59 | Report Abuse

I afraid today big surge due to 60 years Merdeka tomorrow. Will drop back next Monday?

Stock

2017-08-30 20:39 | Report Abuse

After seeing HuaAn big surge today got incentives to relist back. All these because brokers are ghosts behind pushing down and up.

Posted by sengkee > Aug 30, 2017 06:44 PM | Report Abuse
But many red chips still suspended. Not much choices left

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2017-08-30 17:58 | Report Abuse

Semua red chips up back?

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2017-08-30 17:58 | Report Abuse

Why nobody buying cheaper Red Chips Xinghe?

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2017-08-30 17:37 | Report Abuse

EPF bought 3.1299 million shares.

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2017-08-30 17:34 | Report Abuse

Back to net cash. Q3 with PP money can further reduce finance cost.