whats the TP

gst system provider

buy or no buy...whats the news

Net profit RM4M++

Revenue almost doubled than last year

this counter normally fly together with Sumatec...

huge barrier at 0.125

Salcon Bhd shares rose 2.40% this morning after Hong Leong IB Research said it expects 2016 to be a turnaround year for the company, backed by solid balance sheet and domestic growth catalysts.

At 9.34am, Salcon rose 1.5 sen to 64 sen with 2.03 million shares done.

In a note today, the research house said it expects a strong EPS CAGR of 90% from FY15-17, largely be driven by the acceleration of progress billings from the RM600 million orderbook (big chunk from Langat 2 Water Treatment Plant), maiden contributions from Volsbahn Technologies S/B and profit recognition from rés28 in Selayang upon its full completion.

HLIB Research said Salcon is currently bidding a total tender book over RM2.2 billion (80% domestic and 20% overseas) with management's target of a 20-30% success rate.

“We derive our target price of 84 sen based on peers’ comparison P/B of 0.99 on latest BVPS of 85 sen, supported by strong netcash/share of 29.5 sen (47% of share price) and attractive DY of 5.6%.

“The recent decisive downtrend line breakout is expected to lift share prices further towards 73 sen-78 sen in the medium to long term, supported by bullish indicators.

“Key supports are 58 sen-60.5 sen. Cut loss at 57.5 sen,” it said.

big tq to great sifu...

come 68...

tomorrow up

whats the immediate TP

gonna fly

You hv not shared d next M

Positive write up on Maybulk in Starbiz today...

phewittttt....

Precisely...esp those gap up with small volume...

Bursa - next time check first la...

The Edge KUALA LUMPUR: The Baltic Dry Index (BDI), a measurement of freight for bulk carriers, hit 500 points — the highest level since mid-December last year — as more ships are sent for scrapping, which will help to ease the severe overcapacity the industry has suffered in the past few years.
The recovery on the BDI has helped to spur interest in Malaysia Bulk Carriers Bhd (Maybulk), whose share price has also staged a strong rebound from the historical low of 52.5 sen to a day’s high of RM1 yesterday before it closed at 91 sen, down two sen. Its trading volume swelled to a record high of 68.47 million yesterday.
The sharp rise in Maybulk’s share price has prompted Bursa Malaysia to query the shipping firm over an unusual market activity yesterday as the stock soared as much as 5.38% yesterday morning. In a reply to Bursa, Maybulk stated that it was not aware of any reasons or any corporate exercise that may have contributed to the share price movement and high trading volume.
Maybulk’s share price was hammered by heavy selldown in the past two years from the peak of RM2.20 as the freight rates for dry bulk continued to be dragged down by overcapacity. In addition, its 21.32%-owned associate PACC Offshore Services Holdings Ltd, which provides offshore supportive vessels for the oil and gas industry, is hit badly by the industry downturn.
It is worth noting that MIDF Research two days ago upgraded the stock to a “buy” recommendation with a target price of RM1.04 based on a five-year average price-to-book ratio of 0.88 times. The research outfit said the worst could be over for the dry bulk shipping sector and that valuations of Maybulk should revert to its five-year mean of its book value.
MIDF Research also noted that Maybulk had taken steps to impair various items on its balance sheet, making price-to-book valuation more reflective of current market prices and conditions.
“With the impairments done, Maybulk has assumed the worst in terms of charter rates for its vessels. Thus, minor declines or a persistence of the current low rates would unlikely cause large losses for its in-chartered fleet (28% of total dry bulk tonnage).
“Meanwhile, Maybulk will likely suffer only small losses on disposal (if any) should it decide to sell its vessels in the secondary market with an impairment done on its owned fleet to its net realisable value,” it said.

POSH is doing well in Spore

Tomorrow Robert Kuok will help push up the price....

Aryani..whats the gud news

Time to re-enter

RM1

Mitra

Magna Mqtech

many thanks to Kim Sifu

up up up

superfly...can go up to how much...monday early morning want to book sell siap2....

Cash rich co.

Awarded new project RM173.5M

Any TP

ge....mind sharing your info....i am holding the warrants quite some time oredi

Felda jv with Abu Dhabi Lulu Hypermarket to open 10 outlets in 2016

Posted on 11 December 2015 - 05:39am

PETALING JAYA: NetX Holdings Bhd is positive of turning around in the next two years via its strategy on social media marketing and network equipment, after four consecutive years of being in the red.

"We're looking at social media marketing, looking at the opportunity in network equipment with more cloud-based business. We don't reinvent the wheel, but we add spokes to it," NetX executive director Steve Tan Sik Eek told reporters after the company's AGM here yesterday.

NetX saw a net loss of RM11 million for the financial year ended June 30, 2015 (FY15) due mainly to impairment on goodwill. For the first quarter ended Sept 30, 2015, NetX made a net profit of RM436,000 thanks to higher gross profit margin from the provision of product warranties and assurances to customers.

NetX's core business is the trading and sale of network equipment, which accounted for about 80% of its revenue last year.

Tan said the ACE Market-listed company will spend about RM20 million on the development of network equipment to value add its solutions. This is out of its RM30 million proceeds that are expected to be raised from a fundraising exercise to be completed by early to mid 2016.

"We're looking at taking it one step further down the line, as a lot of network equipment has gone cloud-based now. With high-speed broadband, we see the opportunity to work with telcos on the deployment (aspect) of this business," said Tan.

Besides streamlining its operations via the complete disposal of non-active subsidiaries on June 30, 2015, NetX has taken steps to expand the scope of its business operations to cover the growing electronic payments industry in Malaysia. The acquisition of Payallz Sdn Bhd in April is expected to provide the company with an added avenue to penetrate the electronic payments industry.

The expansion of the group's businesses to cover the electronic payments industry is expected to gain traction in FY16 and hopefully will contribute positively to the group's future financial performance and position.

Tan said although the payments business is now negligible in terms of turnover, NetX sees lots of potential going forward. "We're trying to find a way to bring more customers to the merchant via social media platforms/marketing," he said, without disclosing details.

Tan is also executive director of Asia Bioenergy Technologies Bhd. Its wholly-owned subsidiary AsiaBio Capital Sdn Bhd is the second largest shareholder in NetX with an 8.95% stake, after accumulating shares in the open market since March.

"We felt that it's a good opportunity. I made the decision to step in and make it happen. I'm turning around the company and adding new people," he said.

In October, NetX's external auditor Messrs Ecovis AHL PLT qualified the group's audited accounts for FY15, saying it is unsure whether there should be further impairment loss with respect to the remaining goodwill for its non-electronic payment services.

http://yayasanmelaka.gov.my/engweb2012/dps.php

Annual Audited Report As At 31/3/2015
http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?=category=all&sub_category=all&alphabetical=All&date_from=31/07/2015&date_to=31/07/2015&company=7198&category=all

stock that i purchased from paid tips n also recommendation from Maybank IB....choyyy

Hi...I am a silent reader here. Can I know izzit still ok to go in OCN tomorrow? Tq.

adik ahjib gor ada dlm sumatec izzit...

heavy buying

a buy call...but no power yet...

hopefully they push the price b4 right issue

when is the right issue date...any idea

Free ler....if u subscribe free warrant

11 rights for every 2 shares...thats good

hopefully the 4th Q report is good, should be out anytime

laotze...any TP

monreyes2015@gmail.com

laotze..hard to see, if you dont explain clearly what you know. It is basic rule that mother price should be higher than the RI price.