Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Have some coffee and read some news.

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

They just like many other social media users urged the public to share the image and the hashtag in order to show support for the Prime Minister.

On Twitter, one @romyirwanshah wrote: "#bestrongPM, one day Malaysians will know who you are. We support you."

His message was echoed by @asyrafmiswan who said, "Najib is innocent, #bestrongPM."

On Thursday, Najib urged all parties not to jump to conclusions on the ongoing action by the US Justice Department to seize over US$1bil (RM4.02bil) in assets allegedly linked to 1MDB.

The Prime Minister said the Government would extend its full cooperation to all international investigative bodies relating to the matter.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Have some coffee and read some news.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Have some coffee and read some news.

KUALA LUMPUR: Malaysians will get their first feel of the much anticipated Mass Rapid Transit (MRT) this October with the commencement of trial runs.

Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) director of operations and assets management, Mahmood Razak confirmed on Thursday the Sungai Buloh-Kajang (SBK) Line will start a three-month trial run from Oct 1.

This would precede the official launch of operations on Dec 31.

"Phase one of the MRT SBK Line from Sungai Buloh to Semantan, will be almost complete by October, as all civil structural works for the elevated stations and guide ways are complete.








"Overall progress of the MRT SBK Line was at 86.52% as at end-June," he told Bernama.

The supporting facilities, including car parks and feeder buses will commence operation by then to start serving the public.

Mahmood said MRT Corp is providing 14 parking facilities of multi-storey and open-air car parks for the 51km-long MRT SBK Line.

"There will be 8,000 parking bays available along the line, with 1,200 at the Sungai Buloh and Kajang stations respectively. The rest are at stations along the line," he added.

Mahmood said Rapid Rail Sdn Bhd feeder buses will cover a three-kilometre radius around stations with a 10-minute frequency, subject to traffic conditions.

"People can either drive to the stations or be dropped off by public or private transport. For the first phase, 140 buses will be deployed to cover areas around the Sungai Buloh Station to Semantan Stations.

"For the entire line, a total of 300 buses will be available. Many aspects has been configured to cater for an integrated public transport," he added.- Bernama

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Have some coffee and read some news.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak has urged the people to use the correct channels to raise differing views.

He said as a nation which practises constitutional democracy, actions such as street demonstrations were wrong.

"If we were to demonstrate … and suddenly there are disruptions by Daesh terrorists, what will happen? There will be anarchy," he said.

Najib said this at a dinner in conjunction with the 2016 Students Parliamentary Session, at the Putra World Trade Centre here Wednesday night.

Also present were Higher Education Minister Datuk Seri Idris Jusoh, Malaysian Former Elected Representatives Council (Mubarak) president Tan Sri Abdul Aziz Rahman and Universiti Islam Antarabangsa Malaysia president Tan Sri Dr Rais Yatim.

Najib stressed that those who did not agree with the Government on certain issues should not play politics of hatred and should instead offer constructive alternatives to the Government.

Najib, who is also Finance Minister, also pointed out that the Government had aided the people tremendously in terms of cost of living, education, health and pilgrimage.

The Government in power now, he said, was a responsible government and was always concerned about the people's needs and strengthening the nation's economy in the long run. – Bernama

PETALING JAYA: Datuk Seri Najib Tun Razak has said that the National Security Council Act has been deliberately misinterpreted and that it is not the same as a declaration of national emergency.

The Prime Minister said that the proclamation of national emergency remains with the King and that Parliament remains sitting with oversight on any security area declared.

“We were criticised for passing these laws, including by some who fear mongered for political reasons,” he said in a statement on Wednesday.

Najib said that the latest terrorist outrages around the world demonstrates that the threat is real and growing.

“We are far from immune in Malaysia, as the first IS attack on us last month showed,” he said adding that the introduction of new acts followed requests from security forces.

These acts include Security Offences (Special Measures) Act, the Special Measures against Terrorism in Foreign Countries Act, the Prevention of Terrorism Act, and the National Security Council Act.

The National Security Act comes into effect in August.

“My government will never apologise for placing the safety and security of the Malaysian people first. These laws were necessary, and other countries have since followed our lead.

“I can assure Malaysians that the Government will continue to put all possible measures in place to protect you,” he said adding that IS and its perverted ideology have no place in Islam.
“Now is the time for us to unite and play an even greater part alongside the world community in the fight against terrorism,” he added.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Have some coffee and read some news.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Have some coffee and read some news.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

PETALING JAYA: Datuk Seri Najib Tun Razak has said that the National Security Council Act has been deliberately misinterpreted and that it is not the same as a declaration of national emergency.

The Prime Minister said that the proclamation of national emergency remains with the King and that Parliament remains sitting with oversight on any security area declared.

“We were criticised for passing these laws, including by some who fear mongered for political reasons,” he said in a statement on Wednesday.

Najib said that the latest terrorist outrages around the world demonstrates that the threat is real and growing.

“We are far from immune in Malaysia, as the first IS attack on us last month showed,” he said adding that the introduction of new acts followed requests from security forces.

These acts include Security Offences (Special Measures) Act, the Special Measures against Terrorism in Foreign Countries Act, the Prevention of Terrorism Act, and the National Security Council Act.

The National Security Act comes into effect in August.

“My government will never apologise for placing the safety and security of the Malaysian people first. These laws were necessary, and other countries have since followed our lead.

“I can assure Malaysians that the Government will continue to put all possible measures in place to protect you,” he said adding that IS and its perverted ideology have no place in Islam.
“Now is the time for us to unite and play an even greater part alongside the world community in the fight against terrorism,” he added.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE.

Now sit back and relax. Have some coffee and read some news.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak has urged the people to use the correct channels to raise differing views.

He said as a nation which practises constitutional democracy, actions such as street demonstrations were wrong.

"If we were to demonstrate … and suddenly there are disruptions by Daesh terrorists, what will happen? There will be anarchy," he said.

Najib said this at a dinner in conjunction with the 2016 Students Parliamentary Session, at the Putra World Trade Centre here Wednesday night.

Also present were Higher Education Minister Datuk Seri Idris Jusoh, Malaysian Former Elected Representatives Council (Mubarak) president Tan Sri Abdul Aziz Rahman and Universiti Islam Antarabangsa Malaysia president Tan Sri Dr Rais Yatim.

Najib stressed that those who did not agree with the Government on certain issues should not play politics of hatred and should instead offer constructive alternatives to the Government.

Najib, who is also Finance Minister, also pointed out that the Government had aided the people tremendously in terms of cost of living, education, health and pilgrimage.

The Government in power now, he said, was a responsible government and was always concerned about the people's needs and strengthening the nation's economy in the long run. – Bernama

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

They just like many other social media users urged the public to share the image and the hashtag in order to show support for the Prime Minister.

On Twitter, one @romyirwanshah wrote: "#bestrongPM, one day Malaysians will know who you are. We support you."

His message was echoed by @asyrafmiswan who said, "Najib is innocent, #bestrongPM."

On Thursday, Najib urged all parties not to jump to conclusions on the ongoing action by the US Justice Department to seize over US$1bil (RM4.02bil) in assets allegedly linked to 1MDB.

The Prime Minister said the Government would extend its full cooperation to all international investigative bodies relating to the matter.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary

NILAI (July 28): The recent amendments to land laws that were passed in Parliament recently will be a boost to attract new foreign investments, said Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said yesterday, Bernama reported

He added that the amendments would also help the public tremendously on matters relating to land.

"The aim is to speed up any process related to land affairs, secondly is to become a mechanism to expedite land dealings between industry and investors and thirdly, to provide heavier penalties against those who violate the relevant laws," Bernama reported him as saying at the launch of the 22nd Land Administrator Conference 2016, here yesterday

Amendments were made to the National Land Code 1965, the Strata Titles Act 1985 and the Land Acquisition Act 1960 in Parliament recently.

Wan Junaidi also elaborated that such changes would also give Malaysia a competitive edge by providing greater investment opportunities to foreign investors.

Bernama also reported that Wan Junaidi said the Strata Titles Act would help more than 300,000 homeowners to obtain individual titles for their homes.

LA LUMPUR (July 28): The Securities Commission Malaysia (SC) has cautioned the public about firms and individuals who promote the offering of financial planning services without being licensed by SC.

“Such firms and individuals may present their qualifications, awards won or memberships in certain associations as credentials.

“However, only financial planning companies and their representatives who are licensed by the SC are permitted to carry the title “Financial Planner” and offer financial planning services,” it said in a statement today.

SC also emphasises that it is essential that investors are advised by licensed professionals who are able to provide an unbiased plan that serves the best interests of their clients.

Now sit back and relax. Have some coffee and read some news.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectations.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016.
- Current Order book value at RM1.4 bil.

Vivocom is a company full of potentials. If you believe in Vivocom BUY, If not BYE BYE

Some people are only good at talking kok at the sideline.

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectation.
- Q2 result Profit estimated above RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil. Year End is Dec 2016

If you believe in Vivocom BUY, If not BYE BYE

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Forecast 15 mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Forecast 15 mil. Above expectation again.
- Forecast profit FYE2016 is RM60mil.

If you believe in Vivocom BUY, If not BYE BYE

VIVOCOM LATEST:

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.

If you believe in Vivocom BUY, If not BYE BYE

VIVOCOM LATEST:

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.

If you believe in Vivocom BUY, If not BYE BYE.

VIVOCOM LATEST:

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.

If you believe in Vivocom BUY, If not BYE BYE.

SINGAPORE: Singapore oilfield services firm Swiber Holdings Ltd filed for liquidation facing hundreds of million of dollars in debt and a decline in orders, becoming the biggest local name to fall victim to the slump in oil prices.

Shares in other oil and gas-related companies dropped on the news, with the sector hard hit by a combination of weak oil prices, tumbling charter rates and clients either delaying or cancelling projects.

Swiber’s shares have slumped by nearly 90% since mid-2014, taking its market value to just S$50mil, while the company has flagged delays in orders, raising concerns and sparking demands for cash.

Smaller firm Technics Oil & Gas Ltd was placed under judicial management this month, and analysts said other firms could face difficulties.

“If highly leveraged offshore and marine companies are unable to raise capital from equity markets, then they will be left with very little other options other than to file for liquidation or for judicial management,” said Joel Ng, an analyst at KGI Fraser Securities.

Energy and offshore marine companies in Singapore have bonds totalling nearly S$1.2bil due to mature over the next year-and-a-half, with S$615mil due over the next five months, according to IFR, a Thomson Reuters publication.

Swiber said in a statement filed early yesterday that a Singapore court had appointed provisional liquidators and a hearing to wind-up the company has been set for Aug 19.

Trading in Swiber’s stock was suspended, while shares in other oil and gas-related companies such as Ezion Holdings, Marco Polo Marine and Ezra Holdings fell between 4% and 10%.

Shares in Vallianz Holdings, 25%-owned by Swiber, tumbled 44%.

From just 10 vessels in 2006 when it listed, Swiber had expanded to own and operate a fleet of 51 vessels and has more than 2,700 employees across South-East Asia and other countries, according to its website.

Its shares surged after listing, pushing its valuation to S$1.5bil in late-2007, but the stock fell sharply in recent years.

Swiber has faced a slew of bad news this month, including a delay on a US$710mil project in West Africa and on a preference share sale agreement to raise US$200mil.

It said yesterday it had received letters of demand claiming a total of US$25.9mil as of July 26, adding more pressure on the company.

Swiber has five bonds with a combined value of S$551mil that mature in 2016, 2017 and 2018, IFR said. Its total debt was a little over US$1bil at March 31.

The order book at Swiber, which has worked on projects for Brunei Shell Petroleum and Oil and Natural Gas Corp, stood at US$1.2bil at May 13, down from US$1.8bil a year ago.

The High Court of Singapore appointed KordaMentha Pte Ltd’s Cameron Duncan and Muk Siew Peng as provisional liquidators. — Reuters

Malaysia's Prime Minister Najib Razak is to have sweeping new security powers to deploy forces. He also faces mounting protest over allegations of misappropriation of state funds.

The new National Security Council Act will allow Prime Minister Najib Razak to designate "security" areas where he can deploy forces to search any individual, vehicle or premise without a warrant.

Under the new powers, which will apply from August 1, investigators will not have to hold formal inquests into killings by the police or armed forces in those areas.

The ruling government coalition has said the law is necessary to counter threats to security but critics have expressed concerns that the new measures could be used to silence critics of the One Malaysia Development Berhad (1MDB) fund scandal.

"The concern among the civil society and others is because the National Security Council can be used against anything that the government is unhappy with," said Wan Saiful Wan Jan, chief executive of the Institute for Democracy and Economic Affairs. He said it could extend to public rallies.

The law was enacted without the customary royal assent being obtained from Malaysia's King Abdul Halim, who had asked for some changes to the text.

One Malaysia Development Berhad (1MDB)

The new measures come as more protests are being planned over allegations of corruption in government, and management of the 1MDB. Until recently, the prime minister was chair of the advisory council of the 1MDB development fund, which he founded in 2009 aimed at turning Kuala Lumpur into a financial hub.

Pressure increased last week when the US Justice Department filed civil lawsuits alleging that $3.5 billion (3.1 billion euros) had been misappropriated from the fund. The lawsuits are seeking to seize $1 billion of assets, including property and a private jet, allegedly taken from the fund as part of "an international conspiracy to launder money." The Wall Street Journal reported it had seen written evidence of funds moving from the 1MDB to Najib Razak's bank accounts. The prime minister denies wrongdoing.

US finance house Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised. It had accused the Wall Street bank of fraudulently shortchanging it in a merger. In a complaint filed with the New York State Supreme Court in Manhattan, Primus Pacific Partners said it was seeking $510 million of damages after the Goldman Sachs allegedly concealed its conflicts of interest with Najib Razak and the 1MDB sovereign wealth fund.

Restrictions could limit protests

There have been restrictions on reporting the 1MDB scandal in Malaysia with blocks to online news portals while media groups and journalists have been targeted.

Malaysia's opposition coalition is planning an anti-Najib Razak rally on Saturday. Under current law, rallies can still be organized but under the new measures in force from Monday, protests can be disallowed once a location has been designated a "security area."

The Inspector-General of Police Khalid Abu Bakar said earlier this week he would not allow rallies that demand Najib step down.

jm/msh (Reuters, AFP)

KUCHING: MASwings and Malaysia Airlines (MAS) have been asked to review operations in Sarawak to provide better air connectivity.

Assistant Minister of Tourism Datuk Lee Kim Shin also called on MASwings to review its airfare.

“I would like MASwings to review their operations and also to work with the Ministry of Transport because many of the sectors operated by MASwings are subsidised to facilitate travel in the rural areas.

“We have also arranged to meet the Minister of Transport soon to discuss some issues affecting our air connectivity in Sarawak,” he told a press conference after receiving a courtesy call from MASwings chief executive officer Capt Izham Ismail and senior manager Karen Leiking from the MAS group chief executive officer’s office yesterday.

Lee, who is also Assistant Minister for Land and Air Transportation and Safety, also requested MASwings look into reinstating the Kuching-Pontianak flight as the sector is important for the medical tourism industry.

“There are a lot of people who are from across the border from Kalimantan coming to Kuching to seek medical treatment. The Indonesian Consulate-General in Kuching had also requested whether we can reinstate the flight so that it will be more convenient for people to come here.”

He said MAS should also relook its flight schedule in the state.

“The flights within Sarawak had been reduced. For example, the flights from Miri to Kuching had been reduced. We used to have a flight at noon and in the evening. All these flights had been discontinued,” he said.

Lee also conveyed the feedback of passengers, tourism industry players and business to MASwings and MAS.

Meanwhile, Izham said MASwings would continue to support Sarawak and Sabah to facilitate trade and provide connectivity, especially with rural air services.

“We remain steadfast that we will work together to improve to assist and improve the tourism in Sarawak. We will work with the state Tourism and Culture Ministry and will do our best to redesign the connectivity to fit the traffic flow coming into Sarawak,” he said.

KUALA LUMPUR: The Inspector- General of Pol ice yesterday said there is no necessity for the moment to call the three individuals who are alleged to be involved in a conspiracy to topple Prime Minister Datuk Seri Najib Tun Razak and the Malaysian government.

Tan Sri Khalid Abu Bakar said the police would first of all call up United Malays National Organisation (Umno) Youth vice-head, Khairul Azwan Harun to find out what information and proof he (Khairul Azwan) had to enable him to make such a statement.

“We are not going to call the three yet . We are going to call t he complainant because we want to know what he has when he lodged the police report, it is a very serious accusation.

“Let us find out what he had first when he lodged the police report before we proceed to call the three (individuals),” he said at a media conference after the offi cial opening of KPD Mart Community at Kolej Unikop, here yesterday.

On Wednesday, Khalid said the police would call Khairul Azwan in the near future concerning the police report lodged last Tuesday.

“We have yet to meet the complainant, Insya-Allah (God willing), today or tomorrow to record his (Khairul Azwan’s) statement,” he said.

Khairul Azwan had made a police report against former Attorney-General Tan Sri Abdul Gani Patail, former Bank Negara Governor Tan Sri ZetiAkthar Aziz and chief commissioner of the Malaysian Anti-Corruption Commission (MACC) Tan Sri Abu Kassim Mohamed.

In the report lodged at the Dang Wangi District Police Headquarters, Khairul Azwan claimed that the three individuals named were believed to be involved in a conspiracy to topple Najib and the Malaysian government. — Bernama

JOHOR BARU: Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar has denied making statements against Prime Minister Datuk Seri Najib Tun Razak as claimed by a blog.

He also condemned those who had misused his name to comment on politics.

Sultan Ibrahim said the palace maintained a position of strict neutrality on all matters pertaining to national politics.

The Ruler said he came to know about the irresponsible posting being circulated in social media recently titled “Terkini Ringgit Jatuh RM4.4” (Latest – Ringgit Falls RM4.4), and stressed that no such statement was issued by him or his office.








“I regard this action as defamatory and reprehensible. Of late, there have been a number of ridiculous statements circulated on social media, with the impression given that these statements were issued by members of the royal family,” he said in a statement which was posted on his official Facebook page yesterday.

He cited a recent posting alleging that Johor Permaisuri Raja Zarith Sofiah Almarhum Sultan Idris Shah had ordered a ban on the solat and azan.

Sultan Ibrahim said the individual’s action had deeply hurt Raja Zarith Sofiah.

He said that he regretted that there were those who misused social media to seek attention.

“Any statements issued by any member of the Johor royal family will only be done so through our official Facebook accounts,” he added.

Johor police chief Comm Datuk Wan Ahmad Najmuddin Mohd confirmed that a police report had been lodged on Tuesday over the blog posting.

“Initial investigations found that the Johor Sultan has never made any such statements as claimed by the blog,” Wan Ahmad Najmuddin said.

(Bloomberg) -- Goldman Sachs Group Inc. has another Malaysia problem.

The New York-based bank, already under scrutiny by regulators over its fundraising for the embattled 1Malaysia Development Bhd, is now accused in a lawsuit of selling out a client to curry favor with Prime Minister Najib Razak, who controlled the sovereign wealth fund.

Goldman and former managing director Tim Leissner allegedly betrayed their duties as financial adviser of EON Capital Bhd, which was taken over by Hong Leong Bank Bhd. for $1.7 billion in May 2011. Goldman used EON’s confidential information to help the bank buy EON on the cheap knowing that Razak’s brother served as a board member and another brother chaired the investment firm advising the bank, Primus Pacific Partners 1 LP said in the complaint.

The lawsuit comes as Goldman’s fundraising activities on behalf of 1MDB have drawn the attention of U.S. prosecutors. In a complaint filed last week, they laid out a road map that appeared to show how more than $2 billion raised by Goldman for 1MDB was siphoned off by politically connected people and funneled into various projects, including Hollywood movie productions, famous paintings and a Bombardier jet.

Without assigning any blame to the bank, the prosecutors’ complaint indicated that the documents circulated by Goldman prior to the bond sales were misleading. Leissner, the former vice chairman of Goldman’s operations in Asia, was the lead banker on the 1MDB deals. He resigned from Goldman after he was placed on leave in January over “inaccurate and unauthorized statements” in a letter of reference, according to Financial Industry Regulatory Authority records.

Related Story: The Rise and Fall of Tim Leissner

Razak wasn’t accused of wrongdoing in the U.S. complaint. Leissner wasn’t either.

Primus Pacific, EON’s biggest shareholder after buying a stake of more than 20 percent in 2008, unsuccessfully sued twice to block the sale, arguing that Hong Leong’s takeover price was too low.

“This plaintiff previously lost its challenge in the Malaysian courts seeking to stop the transaction at issue, which was then approved by shareholders," Andrew Williams, a spokesman for Goldman, said in a statement. He called the lawsuit “misguided.”

Leissner’s attorney, Jonathan Cogan, didn’t return a call for comment.

Goldman persuaded EON’s board to hire it as financial adviser by misrepresenting and hiding conflicts of interest, according to the lawsuit, filed Tuesday in New York state court. The conflicts stemmed from existing and potential business interests in Malaysia, including its close relationship with Razak, according to the complaint.

Damages Sought

Primus Pacific seeks $510 million in damages, including a punitive award.

Goldman served as the "key adviser" to 1MDB and Leissner "repeatedly engaged in misconduct" in connection with the fund before, during and after the time the company served as EON’s adviser, according to the complaint.

Goldman initially advised EON in January 2010 that the bid was below the company’s value, and four months later recommended that the board accept a bid that was 2.8 percent higher - a proposal that was approved by shareholders, Primus Pacific said.

"As a result of Goldman Sach’s’ fraud, shareholders approving HLB’s takeover bid were unaware of critical facts that, if known, would have precluded approval of the HLB offer," Primus Pacific said.

The case is Primus Pacific Partners 1 LP v. Goldman Sachs Group Inc., 653885/2016, New York State Supreme Court, New York County (Manhattan).

(Updates with company comment in eighth paragraph.)

To contact the reporters on this story: Chris Dolmetsch in New York State Supreme Court in Manhattan at cdolmetsch@bloomberg.net, Greg Farrell in New York at gregfarrell@bloomberg.net. To contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Joe Schneider

©2016 Bloomberg L.P.

VIVOCOM LATEST:

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

Malaysia's Prime Minister Najib Razak is to have sweeping new security powers to deploy forces. He also faces mounting protest over allegations of misappropriation of state funds.

The new National Security Council Act will allow Prime Minister Najib Razak to designate "security" areas where he can deploy forces to search any individual, vehicle or premise without a warrant.

Under the new powers, which will apply from August 1, investigators will not have to hold formal inquests into killings by the police or armed forces in those areas.

The ruling government coalition has said the law is necessary to counter threats to security but critics have expressed concerns that the new measures could be used to silence critics of the One Malaysia Development Berhad (1MDB) fund scandal.

"The concern among the civil society and others is because the National Security Council can be used against anything that the government is unhappy with," said Wan Saiful Wan Jan, chief executive of the Institute for Democracy and Economic Affairs. He said it could extend to public rallies.

The law was enacted without the customary royal assent being obtained from Malaysia's King Abdul Halim, who had asked for some changes to the text.

One Malaysia Development Berhad (1MDB)

The new measures come as more protests are being planned over allegations of corruption in government, and management of the 1MDB. Until recently, the prime minister was chair of the advisory council of the 1MDB development fund, which he founded in 2009 aimed at turning Kuala Lumpur into a financial hub.

Pressure increased last week when the US Justice Department filed civil lawsuits alleging that $3.5 billion (3.1 billion euros) had been misappropriated from the fund. The lawsuits are seeking to seize $1 billion of assets, including property and a private jet, allegedly taken from the fund as part of "an international conspiracy to launder money." The Wall Street Journal reported it had seen written evidence of funds moving from the 1MDB to Najib Razak's bank accounts. The prime minister denies wrongdoing.

US finance house Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised. It had accused the Wall Street bank of fraudulently shortchanging it in a merger. In a complaint filed with the New York State Supreme Court in Manhattan, Primus Pacific Partners said it was seeking $510 million of damages after the Goldman Sachs allegedly concealed its conflicts of interest with Najib Razak and the 1MDB sovereign wealth fund.

Restrictions could limit protests

There have been restrictions on reporting the 1MDB scandal in Malaysia with blocks to online news portals while media groups and journalists have been targeted.

Malaysia's opposition coalition is planning an anti-Najib Razak rally on Saturday. Under current law, rallies can still be organized but under the new measures in force from Monday, protests can be disallowed once a location has been designated a "security area."

The Inspector-General of Police Khalid Abu Bakar said earlier this week he would not allow rallies that demand Najib step down.

jm/msh (Reuters, AFP)

(Bloomberg) -- Goldman Sachs Group Inc. has another Malaysia problem.

The New York-based bank, already under scrutiny by regulators over its fundraising for the embattled 1Malaysia Development Bhd, is now accused in a lawsuit of selling out a client to curry favor with Prime Minister Najib Razak, who controlled the sovereign wealth fund.

Goldman and former managing director Tim Leissner allegedly betrayed their duties as financial adviser of EON Capital Bhd, which was taken over by Hong Leong Bank Bhd. for $1.7 billion in May 2011. Goldman used EON’s confidential information to help the bank buy EON on the cheap knowing that Razak’s brother served as a board member and another brother chaired the investment firm advising the bank, Primus Pacific Partners 1 LP said in the complaint.

The lawsuit comes as Goldman’s fundraising activities on behalf of 1MDB have drawn the attention of U.S. prosecutors. In a complaint filed last week, they laid out a road map that appeared to show how more than $2 billion raised by Goldman for 1MDB was siphoned off by politically connected people and funneled into various projects, including Hollywood movie productions, famous paintings and a Bombardier jet.

Without assigning any blame to the bank, the prosecutors’ complaint indicated that the documents circulated by Goldman prior to the bond sales were misleading. Leissner, the former vice chairman of Goldman’s operations in Asia, was the lead banker on the 1MDB deals. He resigned from Goldman after he was placed on leave in January over “inaccurate and unauthorized statements” in a letter of reference, according to Financial Industry Regulatory Authority records.

Related Story: The Rise and Fall of Tim Leissner

Razak wasn’t accused of wrongdoing in the U.S. complaint. Leissner wasn’t either.

Primus Pacific, EON’s biggest shareholder after buying a stake of more than 20 percent in 2008, unsuccessfully sued twice to block the sale, arguing that Hong Leong’s takeover price was too low.

“This plaintiff previously lost its challenge in the Malaysian courts seeking to stop the transaction at issue, which was then approved by shareholders," Andrew Williams, a spokesman for Goldman, said in a statement. He called the lawsuit “misguided.”

Leissner’s attorney, Jonathan Cogan, didn’t return a call for comment.

Goldman persuaded EON’s board to hire it as financial adviser by misrepresenting and hiding conflicts of interest, according to the lawsuit, filed Tuesday in New York state court. The conflicts stemmed from existing and potential business interests in Malaysia, including its close relationship with Razak, according to the complaint.

Damages Sought

Primus Pacific seeks $510 million in damages, including a punitive award.

Goldman served as the "key adviser" to 1MDB and Leissner "repeatedly engaged in misconduct" in connection with the fund before, during and after the time the company served as EON’s adviser, according to the complaint.

Goldman initially advised EON in January 2010 that the bid was below the company’s value, and four months later recommended that the board accept a bid that was 2.8 percent higher - a proposal that was approved by shareholders, Primus Pacific said.

"As a result of Goldman Sach’s’ fraud, shareholders approving HLB’s takeover bid were unaware of critical facts that, if known, would have precluded approval of the HLB offer," Primus Pacific said.

The case is Primus Pacific Partners 1 LP v. Goldman Sachs Group Inc., 653885/2016, New York State Supreme Court, New York County (Manhattan).

(Updates with company comment in eighth paragraph.)

To contact the reporters on this story: Chris Dolmetsch in New York State Supreme Court in Manhattan at cdolmetsch@bloomberg.net, Greg Farrell in New York at gregfarrell@bloomberg.net. To contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Joe Schneider

©2016 Bloomberg L.P.

KUALA LUMPUR: Police have wrapped up investigations into the murder of real estate agent Datin Renyce Wong Siew Ling with the suspects expected to be charged soon, said Comm Datuk Amar Singh.

The city police chief said the Attorney-General’s Chambers have instructed seven of the suspects to be charged under Section 302 of the Penal Code for murder and Section 109 of the same code while three other suspects will be prosecution witnesses.

“The seven will be charged in stages with four of them to be sent to Perak for pending cases there.

“We have concluded the investigation,” he said in a statement Thursday.








It was earlier reported that a businessman facing a RM13mil debt had allegedly hired two hitmen to gun down the woman who was shot dead in a brazen attack in Taman OUG earlier this month.

He allegedly paid the two men RM60,000 to have Wong killed.

The businessman was among eight people, aged between 26 and 54, arrested in multiple swoops in the city and Perak last Tuesday.

Others arrested were the businessman’s wife, a restaurant owner and his wife along with two tow truck drivers.

Wong had transferred RM5mil and RM8mil in two transactions to the businessman in 2015 to be invested in a ceramics business but nothing came out of it.

She then hired a private investigator to track him down.

Wong, 32, was shot while driving her children and maid to lunch at about 2.30pm on the first day of Hari Raya. Her daughter, who was in the front passenger seat, was also hit when the gunmen fired five bullets at the Toyota Vellfire, one piercing her intestines in nine places.
Investigations also revealed that six shell casings recovered from the crime scene in Taman OUG matched those taken from three other shooting incidents in Perak. The first case is an attempted murder where the victim was shot six times in Chemor. The second case was a victim who was shot eight times in front of his home in Sungai Siput Utara last year. The third was also a case in the same area.

KUALA LUMPUR: The suspects in Wednesday’s fatal shooting at Se­tapak are still in Malaysia, accor­ding to the Inspector-General of Police.

“We believe that they still are here,” said Tan Sri Khalid Abu Bakar when met by the media after launching KPD Mart Community at Kolej Unikop here yesterday.

On whether the latest shooting pointed to a trend of using hired killers, Khalid said the police did not see it as such.

“We don’t see this as a trend of (using) hired killers but I do not deny that we have these cases.


“These are not random shootings. All these cases had a reason behind the shootings, including the latest shooting,” he said.

Police, Khalid added, would be taking more steps to “minimise” such incidents.

kanna setapak shooting victim

While no arrests have been made yet, the police assure the public that the force “will hunt them down” and that the suspects “cannot run”.

Moneylender V. Kandasamy (pic), 43, was shot dead at a traffic light near Setapak Central when four men on two motorcycles fired a total of 16 shots at him while he was still in his car.

City police chief Comm Datuk Amar Singh, when contacted yes­terday, confirmed that the victim was a member of the “Satu Hati” gang

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

KUALA LUMPUR: Struggling Malaysia Airlines yesterday announced plans to purchase 50 Boeing aircraft for US$5.5 billion as it continues efforts to recover from devastating twin disasters in 2014.

Malaysia’s national flag carrier said it had placed firm orders for 25 Boeing 737 MAX jets and had purchase rights for another 25. Deliveries are to commence in 2019.

New chief executive officer Peter Bellew said the purchase of the aircraft, which are known for their fuel efficiency, would aid the airline’s recovery.

“This deal is a game-changer for Malaysia Airlines with much lower costs and greater efficiency which we will pass on to our loyal customers with lower fares,” Bellew said in announcing the deal.

Malaysia Airlines currently operates 56 Boeing 737-800s as well as smaller numbers of Airbus aircraft.

The devastating MH370 and MH17 disasters in 2014 pushed the perennially loss-making airline to the brink of bankruptcy as bookings dried up.

MH370 disappeared on March 8 of that year, en route from Kuala Lumpur to Beijing with 239 passengers and crew. Debris found in the Indian Ocean has confirmed the Boeing 777 went down but the reasons are unknown.

Four months after MH370 vanished, MH17 was blown from the sky by a suspected Russian-made ground-to-air missile over war-torn Ukraine, killing all 298 passengers and crew.

State investment fund Khazanah Nasional took the company private later that year, and in 2015 brought in German airline turnaround specialist Christoph Mueller.

Mueller soon launched a painful rescue plan that slashed 6,000 jobs and dramatically trimmed its route network.

But he abruptly announced in April that he would be leaving well before the end of his three-year contract for unspecified “personal reasons”.

He was succeeded on July 1 by Bellew, an Irish former executive with Ireland-based low-cost carrier RyanAir.

KUALA LUMPUR: Datuk Seri Najib Tun Razak shared his 40-year achievement in politics in his official website which has been given a facelift.

Under the “Performance Record” section in www.najibrazak.com, the Prime Minister highlighted the improvement in the national education policy which he implemented when he was Education Minister in 1995.

“At that time, I had introduced several changes to further strengthen the Malaysian education system including formulating the Education Act 1996," he said in his Facebook and Twitter entries.

The entries also included the link to the websites which carried a compilation of his achievements and important events throughout his involvement in the Government and politics since 1976.

The interactive page described the beginning of Najib's political career as the youngest member of Parliament when he won the Pekan parliamentary seat in Pahang unopposed in 1976.

Also included were the proactive measures he had taken to cushion the impact of the global economic downturn when he held the post of Finance Minister. The achievements and important events in his political career were featured in the form of slides and photographs. – Bernama

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.
Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
Q1 result Profit after Tax RM20mil. Exceeded expectation.
Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
Forecast profit FYE2016 is RM60mil.

Vivocom Quarter 2 better than expected results will soon be announced in August 2016:

If the Profit After Tax is 25m, rollup 2016 profit will be 95m and EPS will be 3.65 sen. With PER at 14, the Target Price is 51 sen. The current share price at 27 sen is still very attractive.

With a revenue of less than RM100mil in 2015, Vivocoms revenue has multiplied to more than rm600mil in 2016. Vivocom is the largest small cap company in the SME and will be moving to the KLSE Main Board in mid 2017. A company with full of potentials. The target revenue for 2017 is RM2 billion and 2018 rm3 billion.

KUCHING: The recent contract awards for the Pan Borneo Highway will continue to support construction activities in Sarawak.

Analysts remain sanguine on the construction sector as they expects more contract flow to be announced in the second half of the year (2H16).

AmInvestment Bank Bhd (AmInvestment Bank) in a report yesterday remains ‘overweight’ on the construction sector on the back of continued construction tenders or potential contract awards for major infrastructure projects such as Pan Borneo, Mass Rapid Transit Line 2 (MRT2), Light Rail Transit Line 3 (LRT3), Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) and Damansara-Shah Alam Highway (DASH).

The research firm believed awards for the LRT3 are expected to begin in two to three months’ time with approximately RM7 billion worth of packages remaining for MRT2.

AmInvestment Bank opined that the middle and long-term prospects of the construction sector will be supported by major projects such as Bandar Malaysia, Tun Razak Exchange (TRX), Bukit Bintang City Centre (BBCC), Johor-Bahru-Gemas electrification double tracking project and the Malaysia-Singapore high-speed rail projects in Peninsular Malaysia.

As for Pan Borneo Highway Sarawak, it expects awards for the remaining packages to be announced soon.

Companies which are still eyeing for the remaining packages include the joint venture between Naim Holdings Bhd-Gamuda Bhd; Musyati Sdn Bhd-Mudajaya Group Bhd; Sarawak Construction Sdn Bhd-Sunway Construction Group Bhd; APPL Engineering Services Sdn Bhd-Mitrajaya Holdings Bhd-Emas Synergy; TRC Synergy-Endaya Construction Sdn Bhd-Pembinaan Kuantiti Sdn Bhd; KACC Construction Sdn Bhd-IJM Corporation Bhd-Pembinaan Emas; Ikhmas Jaya Group Bhd-Titanium Group and Anggun Diversified Sdn Bhd-Malaysian Resources Corporation Bhd.

Earlier on Monday, the joint venture between Cahya Mata Sarawak Bhd and Bina Puri Holdings Bhd announced that they have been awarded a work package of the Pan Borneo Highway from Sg Awik Bridge to Bintangor Junction worth RM1.36 billion.

Subsequently on Tuesday, the joint venture between KKB Engineering Bhd and WCT Holdings Bhd also revealed that the they have been awarded a work package of the Pan Borneo Highway worth RM1.29 billion.

As of July 26, a total RM7 billion worth of contracts for Pan Borneo Highway have been announced since April 2015 with another six packages worth RM9 billion to be announced in the near future, AmInvestment Bank said.

The research firm noted the 1,089 kilometre (km) Sarawak portion of the Pan Borneo Highway reportedly costs RM16.4 billion.

It also noted the construction costs of the toll-free highway will be financed by a RM13 billion sukuk by DanaInfra Nasional Bhd with a further RM5 billion from the state’s development expenditure.

The sukuk will be issued in two batches, one in August and the second batch in September.

Additionally, AmInvestment Bank said including the the Sabah portion of the Pan Borneo Highway, the entire highway project costs RM29 billion.

Borneo Highway PDP Sdn Bhd is the project delivery partner (PDP) for the Sabah portion which could costs RM12.8 billion.

KUCHING: KKB Engineering Bhd (KKB) holds the potential for more contract wins following the latest contract win for a package of the Pan Borneo Highway Sarawak job with joint venture partner WCT Holdings Bhd (WCT).

Analysts are optimistic the company will bag more contracts to replenish its order book and subsequently boost earnings.

AmInvestment Bank Bhd (AmInvestment Bank) in a report yesterday noted that as of July 26, KKB has secured contracts worth RM1 billion, including two on-going platform fabrication jobs for Talisman Malaysia Ltd that are scheduled to be completed by the third quarter of 2017 (3Q17).

With the Pan Borneo Highway contract, KKB has surpassed its earlier assumption of RM200 million new order for financial year 2016 (FY16) ending Dec 2016.

Therefore, AmInvestment Bank has assumed new orders of RM100 million for FY16 (including RM30 million for various pipe supply jobs already secured), RM600million for FY17 and RM200 million for FY18.

Besides that, the research firm also expects KKB’s 43 per cent associate OceanMight Sdn Bhd to secure an annual oil and gas (O&G) order replenishment of RM130 million for each of FY17 and FY18.

Looking ahead, AmInvestment Bank believed KKB remains poised to supply guardrails, lamp posts, and water steel pipes for Pan Borneo Highway.

On Tuesday, KKB in a statement to Bursa Malaysia informed that it had has received a letter of award from Lebuhraya Borneo Utara Sdn Bhd for a work package of the Pan Borneo Highway together with joint venture partner, WCT.

The work package, valued at RM1.29 billion, is for the stretch from Sungai Arip Bridge to Bintulu Airport junction with an estimated distance of 66km.

AmInvestment Bank said KKB’s 70 per cent stake in the joint venture of the project could translate to an estimated amount of RM900 million for the group.

With the latest contract win, AmInvestment Bank has reviewed its numbers and cut its FY16 net profit forecast for KKB by 25 per cent to account for the lack of conventional jobs in the past six months.

Nonetheless, it raised KKB’s FY17’s and FY18’s earnings forecast by three per cent and 55 per cent respectively.

The research firm also maintained its ‘buy’ recommendation on KKB’s shares, valuing the company’s share price with a higher fair value of RM2.10 per share at an implied forward FY17 price-earnings (PE) forecast of 13 times.

SEOUL: Strong sales of its flagship smartphone and an effective cost-cutting drive saw Samsung Electronics post a 1.7 percent year-on-year gain to $5.2 billion in second quarter net profit on Thursday.

The giant South Korean conglomerate said its key mobile division enjoyed “substantial earnings improvement” led by expanded sales of its high-end Galaxy S7 and S7 Edge phones. -AFP

SAN FRANCISCO: Apple announced Wednesday the sale of its billionth iPhone, a milestone for the company as it seeks to keep momentum in a competitive smartphone market.

Chief executive Tim Cook made the announcement at a staff meeting at the company’s California headquarters.

“IPhone has become one of the most important, world-changing and successful products in history,” he said in a statement.

“It’s become more than a constant companion. IPhone is truly an essential part of our daily life and enables much of what we do throughout the day. Last week we passed another major milestone when we sold the billionth iPhone. We never set out to make the most, but we’ve always set out to make the best products that make a difference.”

The news comes a day after Apple reported a drop in iPhone sales over the past quarter, a second straight drop after uninterrupted growth since its introduction in 2007.

Apple sold 40.4 million iPhones in the quarter ending June 25, down 15 percent from a year earlier, highlighting concerns over growth for the iconic smartphone.

The quarterly results underscored the challenges for Apple, which has built a huge business around the iPhone but is unlikely to see continued growth, due to a saturated smartphone market and increased competition.

Apple has been seeking to diversify its product line and move into services for a more stable revenue base, while keeping users in its ecosystem with offerings such as music, connected cars and its Apple Watch. -AFP