richardcslim

richardcslim | Joined since 2015-05-16

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2016-08-23 23:48 | Report Abuse

Doitanyway, good write.

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2016-08-23 23:26 | Report Abuse

What cknyam said is right, u r another skunk.

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2016-08-23 23:24 | Report Abuse

Trademan,finally show ur face,
Don't try to pretend u r promoting tis counter,
What 90sen tp or 70sen tp,
Get lost la,let members here enjoy the peace.

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2016-08-19 19:09 | Report Abuse

Hairi,yes pray hard,cheers!

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2016-08-19 18:53 | Report Abuse

Hairi,wah longtime no see.
How r u?

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2016-08-16 10:50 | Report Abuse

Vhock2,thank you n cheers!

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2016-08-15 19:43 | Report Abuse

Camdee,tqvm.

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2016-08-14 19:08 | Report Abuse

Case 2years back.

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2016-08-12 10:13 | Report Abuse

That anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could

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2016-08-12 10:13 | Report Abuse

That anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could

Stock

2016-08-12 10:13 | Report Abuse

That anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could

Stock

2016-08-12 10:13 | Report Abuse

That anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could

Stock

2016-08-12 10:13 | Report Abuse

That anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could

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2016-08-12 10:12 | Report Abuse

That anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could

Stock

2016-08-12 10:12 | Report Abuse

That anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could

Stock

2016-08-12 10:12 | Report Abuse

That anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could happen
Anything could

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2016-08-09 15:57 | Report Abuse

Ktsk 88 being report will be back after 17 August,who the idiot report?

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2016-08-09 15:48 | Report Abuse

Foreign funds inflows increased to RM301.8 million last week
August 9, 2016, Tuesday Adrian Lim, adrianlim@theborneopost.com


KUCHING: Foreign funds continued to pour money into Bursa Malaysia last week with a net purchases of equities amounted to RM301.8 million.

Analysts observed that the buying momentum of shares by foreign investors on the Malaysia’s stock exchange has been gaining strength in the past five weeks including the week ended August 5.

The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) in a report yesterday said the momentum for foreign tide into Bursa ticked up last week as net amount purchased by foreign investors edged up to RM301.8 million for the week ended Aug 5 from a net purchase of RM105.5 million for the week ended July 29.

It noted foreign net inflow had been extended to the fifthe successive week ended Aug 5 although the amount appeared marginal in general.

MIDF Research said, “Foreign investors have voted their preference to Malaysia as Bursa commenced on Monday by actively loading up RM160.8 million (worth of shares).

“Nevertheless, the buying momentum was reversed on Tuesday (Aug 2) with a net selling of RM22.3 million.

“Selling pressure continued to pile up on Wednesday (Aug 3) as foreigners sold another RM56.7 million.

“However, the selling momentum appeared transient as foreign investors turned net buyers again on Thursday (August 4) with a net purchase of RM117.6 million.

“The buying pace persisted into Friday (August 5) as foreigners increased their holding by another RM102.4 million,” the research firm noted.

With the net purchase of RM301.8 million last Friday, MIDF Research noted thecumulative net foreign inflow thus far this year into shares listed on Bursa Malaysia has surpassed the RM1 billion amount level.

As of last Friday Aug 5, the research firm calculated that the cumulative flow into Bursa Malaysia has increased to an estimated amount of RM1.26 billion from RM959.3 million in the prior week ended July 29.

In contrast, it noted foreign investors had offloaded RM19.5 billion worth of shares in 2015 and RM6.9 billion worth of equities in 2014 respectively.

On another note, MIDF Research observed that the participation rate of foreign investors has showed sign of fatigue.

It noted their participation rate has dropped significantly to RM761.2 million for the week ended Aug 5 from RM945.6 million in the prior week ended July 29.

It pointed out that their participation rate last week was the weakest thus far this year.

Moreover, it observed that their participation rate has stayed below the RM1 billion level for the eighth time in the past nine weeks.

Apart from that, MIDF Research said local institution funds remained net sellers for the fifth consecutive week ended August 5 with a net selling of RM334.90 million.

The research firm observed that the net amount of selling by local institutions funds for the week ended Aug 5 has increased from RM92 million recorded in the week ended July 29.

It noted their participation rate had surged to RM2.21 billion for the week ended Aug 5, the highest since May 13 this year, from RM1.98 billion in the prior week ended July 29.

On top of that, MIDF Research said retail investors has ended their six-week-long selling trend on Bursa Malaysia last week with a net purchase of shares amounted to RM33.1 million.

Their participation rate has improved to RM605.5 million, up from RM560.8 million recorded for the week ended July 29.

Stock

2016-08-09 13:43 | Report Abuse

Foreign funds inflows increased to RM301.8 million last week
August 9, 2016, Tuesday Adrian Lim, adrianlim@theborneopost.com


KUCHING: Foreign funds continued to pour money into Bursa Malaysia last week with a net purchases of equities amounted to RM301.8 million.

Analysts observed that the buying momentum of shares by foreign investors on the Malaysia’s stock exchange has been gaining strength in the past five weeks including the week ended August 5.

The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) in a report yesterday said the momentum for foreign tide into Bursa ticked up last week as net amount purchased by foreign investors edged up to RM301.8 million for the week ended Aug 5 from a net purchase of RM105.5 million for the week ended July 29.

It noted foreign net inflow had been extended to the fifthe successive week ended Aug 5 although the amount appeared marginal in general.

MIDF Research said, “Foreign investors have voted their preference to Malaysia as Bursa commenced on Monday by actively loading up RM160.8 million (worth of shares).

“Nevertheless, the buying momentum was reversed on Tuesday (Aug 2) with a net selling of RM22.3 million.

“Selling pressure continued to pile up on Wednesday (Aug 3) as foreigners sold another RM56.7 million.

“However, the selling momentum appeared transient as foreign investors turned net buyers again on Thursday (August 4) with a net purchase of RM117.6 million.

“The buying pace persisted into Friday (August 5) as foreigners increased their holding by another RM102.4 million,” the research firm noted.

With the net purchase of RM301.8 million last Friday, MIDF Research noted thecumulative net foreign inflow thus far this year into shares listed on Bursa Malaysia has surpassed the RM1 billion amount level.

As of last Friday Aug 5, the research firm calculated that the cumulative flow into Bursa Malaysia has increased to an estimated amount of RM1.26 billion from RM959.3 million in the prior week ended July 29.

In contrast, it noted foreign investors had offloaded RM19.5 billion worth of shares in 2015 and RM6.9 billion worth of equities in 2014 respectively.

On another note, MIDF Research observed that the participation rate of foreign investors has showed sign of fatigue.

It noted their participation rate has dropped significantly to RM761.2 million for the week ended Aug 5 from RM945.6 million in the prior week ended July 29.

It pointed out that their participation rate last week was the weakest thus far this year.

Moreover, it observed that their participation rate has stayed below the RM1 billion level for the eighth time in the past nine weeks.

Apart from that, MIDF Research said local institution funds remained net sellers for the fifth consecutive week ended August 5 with a net selling of RM334.90 million.

The research firm observed that the net amount of selling by local institutions funds for the week ended Aug 5 has increased from RM92 million recorded in the week ended July 29.

It noted their participation rate had surged to RM2.21 billion for the week ended Aug 5, the highest since May 13 this year, from RM1.98 billion in the prior week ended July 29.

On top of that, MIDF Research said retail investors has ended their six-week-long selling trend on Bursa Malaysia last week with a net purchase of shares amounted to RM33.1 million.

Their participation rate has improved to RM605.5 million, up from RM560.8 million recorded for the week ended July 29.

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Stock

2016-08-04 20:15 | Report Abuse

Hahahahaha hahahahaha...... hahahahaha

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2016-08-04 17:02 | Report Abuse

Yes after September u can own tis forum.
No one will debate wth u.

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2016-08-04 08:23 | Report Abuse

Believe buy don't believe bye bye! I believe so i buy today.

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2016-08-03 22:49 | Report Abuse

TAN Sri Halim Saad (pic) and business associates linked to him via Sumatec Resources Bhd will appear as the new substantial shareholders of shipping company PDZ Holdings Bhd, via Megalink Industries Sdn Bhd, according to sources.

Currently, Megalink Industries already owns 14.73% of PDZ Holdings, which it had acquired from state-owned Pelaburan Mara Bhd in September.

Sources say a deal has been signed where Megalink Industries will substantially increase its stake in PDZ Holdings to ensure it becomes the controlling shareholder of PDZ Holdings. Megalink Industries is looking to buy up PMB’s remaining 14.73% stake, say the sources.

In September, PMB sold 14.73% of its stake in PDZ amounting to 128.02 million shares to Megalink Industries at 23 sen a piece.



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At that time, the directors of Megalink Industries were not disclosed, although there was speculation that Halim was one of the shareholders. According to a source at that time, the new shareholder was also expected to bring in assets that would enhance the company’s earnings.

“While Sumatec is Halim’s flagship oil and gas company for the upstream segment, PDZ Holdings will be his vehicle for the downstream segment,” says the source.

The signs are quite obvious that Halim’s fingerprints are all over PDZ Holdings’s recent deal. PDZ Holdings recently entered into an agreement with Ken Makmur Holdings Sdn Bhd for the proposed setting up of a liquefied petroleum gas (LPG) production plant.

The directors of Ken Makmur are the substantial shareholders of Sumatec. Ken Makmur, a RM2 company, is controlled by Wan Kamaruddin Wan Mohamed Ali and (James) Chan Yok Peng.

Chan was Sumatec’s former managing director, but is now a non-executive director. Kamaruddin and Chan are both shareholders of Sumatec via Tekad Mulia Sdn Bhd with a 6% stake.

The deal

On Tuesday, PDZ Holdings announced that it was proposing to set up a LPG production plant in Kazakhstan and launch itself into the cooking gas business in a US$205mil (RM656mil) deal.

The deal will be payable via the combination of US$125mil (RM400mil) cash and the issuance of redeemable convertible preference shares (RCPS) for US$80mil (RM256mil).

PDZ Holdings entered into a framework agreement with Ken Makmur Holdings for the proposed production of LPG and condensate from natural gas to be supplied by Ken Makmur from the Rakushechnoye oil and gas field in Kazakhstan.

Ken Makmur had on June 3, 2014 signed an agreement with Markmore Energy (Labuan) Ltd to extract 350 tonnes per day of LPG and 100 tonnes of condensate from the 100 million standard cu ft of gas supplied by Markmore.

Markmore is 99% own by Halim, and is the concession holder of the Rakushechnoye field.

Under the deal, PDZ Holdings is authorised to carry out the construction of the LPG plant for US80mil, to be completed within 36 months after a date to be mutually agreed by PDZ Holdings and Ken Makmur.

PDZ Holdings will operate and maintain the plant throughout the concession life of the Rakushechnoye oil and gas field. PDZ Holdings shall also be given the first right to the supply of natural gas from the field. PDZ Holdings shall pay to Ken Makmur for the gas supply at a special rate of 30 US cents per million metric British thermal unit (mmbtu) or US$300 per million standard cu ft (mmscf) for this deal.

Ken Makmur shall provide a profit guarantee of US$50mil (RM160mil) per year for the first five years from the commencement date of the commercial operation of the LPG Production Plant.

The corporate exercise

To pay for the new business venture, PDZ Holdings said it would raise at least RM672mil via the sale of new shares and a rights issue with warrants.

For this, PDZ Holdings is proposing a special issue of up to 113 million new shares of 10 sen each in PDZ Holdings to independent third party investors.

There is a proposed renounceable rights issue of up to 3.44 billion rights shares together with up to 1.72 billion free detachable warrants at an indicative issue price of 22 sen per rights share on the basis of seven rights shares for every two shares held together with one warrant.

Apart from that, there is a proposed issuance of 1.03 billion RCPS in PDZ Holdings a to Ken Makmur at an issue price of 25 sen per RCPS.

Under a maximum and minimum scenarios, PDZ Holdings’ number of shares will increase from 869.32mil shares to 4.42 billion shares or 3.9 billion shares following the irights issue and warrants respectively.

Upon the full conversion of the RCPS, it will further increase to 5.44 billion shares or 4.93 billion shares based on the maximum and minimum scenarios.

According to PDZ Holdings, the proposed LPG production provides the group with an opportunity to diversify and expand its source of income.

“The board believes that the proposed LPG production would contribute positively to its future earnings and improve the financial position of the group.”

This is the second time PDZ Ho

Stock

2016-08-03 20:12 | Report Abuse

TAN Sri Halim Saad (pic) and business associates linked to him via Sumatec Resources Bhd will appear as the new substantial shareholders of shipping company PDZ Holdings Bhd, via Megalink Industries Sdn Bhd, according to sources.

Currently, Megalink Industries already owns 14.73% of PDZ Holdings, which it had acquired from state-owned Pelaburan Mara Bhd in September.

Sources say a deal has been signed where Megalink Industries will substantially increase its stake in PDZ Holdings to ensure it becomes the controlling shareholder of PDZ Holdings. Megalink Industries is looking to buy up PMB’s remaining 14.73% stake, say the sources.

In September, PMB sold 14.73% of its stake in PDZ amounting to 128.02 million shares to Megalink Industries at 23 sen a piece.



ADVERTISEMENT
At that time, the directors of Megalink Industries were not disclosed, although there was speculation that Halim was one of the shareholders. According to a source at that time, the new shareholder was also expected to bring in assets that would enhance the company’s earnings.

“While Sumatec is Halim’s flagship oil and gas company for the upstream segment, PDZ Holdings will be his vehicle for the downstream segment,” says the source.

The signs are quite obvious that Halim’s fingerprints are all over PDZ Holdings’s recent deal. PDZ Holdings recently entered into an agreement with Ken Makmur Holdings Sdn Bhd for the proposed setting up of a liquefied petroleum gas (LPG) production plant.

The directors of Ken Makmur are the substantial shareholders of Sumatec. Ken Makmur, a RM2 company, is controlled by Wan Kamaruddin Wan Mohamed Ali and (James) Chan Yok Peng.

Chan was Sumatec’s former managing director, but is now a non-executive director. Kamaruddin and Chan are both shareholders of Sumatec via Tekad Mulia Sdn Bhd with a 6% stake.

The deal

On Tuesday, PDZ Holdings announced that it was proposing to set up a LPG production plant in Kazakhstan and launch itself into the cooking gas business in a US$205mil (RM656mil) deal.

The deal will be payable via the combination of US$125mil (RM400mil) cash and the issuance of redeemable convertible preference shares (RCPS) for US$80mil (RM256mil).

PDZ Holdings entered into a framework agreement with Ken Makmur Holdings for the proposed production of LPG and condensate from natural gas to be supplied by Ken Makmur from the Rakushechnoye oil and gas field in Kazakhstan.

Ken Makmur had on June 3, 2014 signed an agreement with Markmore Energy (Labuan) Ltd to extract 350 tonnes per day of LPG and 100 tonnes of condensate from the 100 million standard cu ft of gas supplied by Markmore.

Markmore is 99% own by Halim, and is the concession holder of the Rakushechnoye field.

Under the deal, PDZ Holdings is authorised to carry out the construction of the LPG plant for US80mil, to be completed within 36 months after a date to be mutually agreed by PDZ Holdings and Ken Makmur.

PDZ Holdings will operate and maintain the plant throughout the concession life of the Rakushechnoye oil and gas field. PDZ Holdings shall also be given the first right to the supply of natural gas from the field. PDZ Holdings shall pay to Ken Makmur for the gas supply at a special rate of 30 US cents per million metric British thermal unit (mmbtu) or US$300 per million standard cu ft (mmscf) for this deal.

Ken Makmur shall provide a profit guarantee of US$50mil (RM160mil) per year for the first five years from the commencement date of the commercial operation of the LPG Production Plant.

The corporate exercise

To pay for the new business venture, PDZ Holdings said it would raise at least RM672mil via the sale of new shares and a rights issue with warrants.

For this, PDZ Holdings is proposing a special issue of up to 113 million new shares of 10 sen each in PDZ Holdings to independent third party investors.

There is a proposed renounceable rights issue of up to 3.44 billion rights shares together with up to 1.72 billion free detachable warrants at an indicative issue price of 22 sen per rights share on the basis of seven rights shares for every two shares held together with one warrant.

Apart from that, there is a proposed issuance of 1.03 billion RCPS in PDZ Holdings a to Ken Makmur at an issue price of 25 sen per RCPS.

Under a maximum and minimum scenarios, PDZ Holdings’ number of shares will increase from 869.32mil shares to 4.42 billion shares or 3.9 billion shares following the irights issue and warrants respectively.

Upon the full conversion of the RCPS, it will further increase to 5.44 billion shares or 4.93 billion shares based on the maximum and minimum scenarios.

According to PDZ Holdings, the proposed LPG production provides the group with an opportunity to diversify and expand its source of income.

“The board believes that the proposed LPG production would contribute positively to its future earnings and improve the financial position of the group.”

This is the second time PDZ Holdings is looking to diversi

Stock

2016-08-03 10:16 | Report Abuse

selldown dis@ everyone here cursed you. still thick skin. quota not meet isit?.
Good write!

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2016-08-02 16:02 | Report Abuse

Meanwhile, MIDF Research believed that Vivocom is able to clinch heavy, civil and heavy construction packages in upcoming quarters.
MIDF Research noted that it is likely that Vivocom will also emerge as the key sub-contractors for iconic projects such M101 Skywheel Tower in Kuala Lumpur as well as railways tracks for High Speed Rail (KL-Singapore).
“On this score, it is notable that Vivocom’s co-managing director/chief executive officer (MD/CEO) Datuk Seri Dr Yeoh Seong Mok has consulted more than RM400 billion worth of projects; often as a Project Delivery Partner (PDP) to CRCC,” the research arm said.
Through its partnership with CRCC, Vivocom is also expected to be driven by the ‘One Belt One Road’ (OBOR) policy.
OBOR is a development strategy and framework policy, proposed by the China’s President Xi Jinping in 2013 that emphasises on connectivity and cooperation between China and the rest of the continental landmass of Asia and Europe, MIDF Research explained.
The OBOR policy is divided into international trade connections, the land-based “Silk Road Economic Belt” (SREB) and
ocean-based “Maritime Silk Road” (MSR).
MIDF Research noted that the OBOR state-owned enterprises (SOE) such as China Railway Construction Corporation, Beijing Urban Construction Group, Sinohydro, China Harbour Engineering Corporation and Sinopec finances, develops and construct development projects along the ‘New Silk Road’.
“Their financial requirements are often backed by other SOEs such as China Development Bank, Bank of China and China Construction Bank,” it said.
MIDF Research further noted that New Development Bank, Silk Road Fund and Asia Infrastructure Investment Bank (AIIB) have illustrated on how OBOR could reform the global financial system and at the same time, offer a new path of infrastructure investment funding.
The research arm pointed out Asia Development Bank posits that from 2010 to 2020, Asia would require US$800 billion to beef up its infrastructure.
“Having said that, Vivocom has strategically positioned itself into a beneficiary of CRCC foray into Malaysia’s infrastructure demand hence it not surprising that its orderbook is poised to ascend
through large scale construction projects,” the research arm opined.
In addition, MIDF Research highlighted that Vivocom has attracted institutional foreign shareholding amounting to 5.4 per cent currently.
“Moreover, Beijing Construction Group has expressed interest to participate in their equity capital structure as well as appointing Vivocom as their local project delivery partner (PDP),” it said.
On a side note, MIDF Research also mentioned the fact that Vivocom will have cost advantage as the research arm is expecting lower construction cost due to the supply of building materials from the group’s subsidiary Neata which supplies aluminum doors and windows.
The research arm said that 95 per cent of Vivocom’s projects are for the construction of mixed/residential projects.
“Thus, the building materials supply from Neata facilitates the reduction in its bills of quantities (BQ),” the research arm added.
MIDF Research further noted that Vivocom possesses niche capabilities in telco engineering.
The group has specialised technical capabilities in mechanical and engineering in installation, commissioning; testing and erecting telecommunication towers up to 100 metres, and; civil and cabling with horizontal directional drilling (HDD) machinery
for fibre infrastructure work.
The research arm added that Vivocom earnings will be supported by recurring income from rentals of 50 telecommunication assets to telecommunication providers such as Maxis Bhd, U Mobile Sdn Bhd, Malayisan Communications and Multimedia Commission, Digi.Com Bhd and Celcom Axiata Bh

Stock

2016-08-02 16:01 | Report Abuse

Meanwhile, MIDF Research believed that Vivocom is able to clinch heavy, civil and heavy construction packages in upcoming quarters.
MIDF Research noted that it is likely that Vivocom will also emerge as the key sub-contractors for iconic projects such M101 Skywheel Tower in Kuala Lumpur as well as railways tracks for High Speed Rail (KL-Singapore).
“On this score, it is notable that Vivocom’s co-managing director/chief executive officer (MD/CEO) Datuk Seri Dr Yeoh Seong Mok has consulted more than RM400 billion worth of projects; often as a Project Delivery Partner (PDP) to CRCC,” the research arm said.
Through its partnership with CRCC, Vivocom is also expected to be driven by the ‘One Belt One Road’ (OBOR) policy.
OBOR is a development strategy and framework policy, proposed by the China’s President Xi Jinping in 2013 that emphasises on connectivity and cooperation between China and the rest of the continental landmass of Asia and Europe, MIDF Research explained.
The OBOR policy is divided into international trade connections, the land-based “Silk Road Economic Belt” (SREB) and
ocean-based “Maritime Silk Road” (MSR).
MIDF Research noted that the OBOR state-owned enterprises (SOE) such as China Railway Construction Corporation, Beijing Urban Construction Group, Sinohydro, China Harbour Engineering Corporation and Sinopec finances, develops and construct development projects along the ‘New Silk Road’.
“Their financial requirements are often backed by other SOEs such as China Development Bank, Bank of China and China Construction Bank,” it said.
MIDF Research further noted that New Development Bank, Silk Road Fund and Asia Infrastructure Investment Bank (AIIB) have illustrated on how OBOR could reform the global financial system and at the same time, offer a new path of infrastructure investment funding.
The research arm pointed out Asia Development Bank posits that from 2010 to 2020, Asia would require US$800 billion to beef up its infrastructure.
“Having said that, Vivocom has strategically positioned itself into a beneficiary of CRCC foray into Malaysia’s infrastructure demand hence it not surprising that its orderbook is poised to ascend
through large scale construction projects,” the research arm opined.
In addition, MIDF Research highlighted that Vivocom has attracted institutional foreign shareholding amounting to 5.4 per cent currently.
“Moreover, Beijing Construction Group has expressed interest to participate in their equity capital structure as well as appointing Vivocom as their local project delivery partner (PDP),” it said.
On a side note, MIDF Research also mentioned the fact that Vivocom will have cost advantage as the research arm is expecting lower construction cost due to the supply of building materials from the group’s subsidiary Neata which supplies aluminum doors and windows.
The research arm said that 95 per cent of Vivocom’s projects are for the construction of mixed/residential projects.
“Thus, the building materials supply from Neata facilitates the reduction in its bills of quantities (BQ),” the research arm added.
MIDF Research further noted that Vivocom possesses niche capabilities in telco engineering.
The group has specialised technical capabilities in mechanical and engineering in installation, commissioning; testing and erecting telecommunication towers up to 100 metres, and; civil and cabling with horizontal directional drilling (HDD) machinery
for fibre infrastructure work.
The research arm added that Vivocom earnings will be supported by recurring income from rentals of 50 telecommunication assets to telecommunication providers such as Maxis Bhd, U Mobile Sdn Bhd, Malayisan Communications and Multimedia Commission, Digi.Com Bhd and Celcom Axiata Bh

Stock

2016-08-02 16:00 | Report Abuse

Meanwhile, MIDF Research believed that Vivocom is able to clinch heavy, civil and heavy construction packages in upcoming quarters.
MIDF Research noted that it is likely that Vivocom will also emerge as the key sub-contractors for iconic projects such M101 Skywheel Tower in Kuala Lumpur as well as railways tracks for High Speed Rail (KL-Singapore).
“On this score, it is notable that Vivocom’s co-managing director/chief executive officer (MD/CEO) Datuk Seri Dr Yeoh Seong Mok has consulted more than RM400 billion worth of projects; often as a Project Delivery Partner (PDP) to CRCC,” the research arm said.
Through its partnership with CRCC, Vivocom is also expected to be driven by the ‘One Belt One Road’ (OBOR) policy.
OBOR is a development strategy and framework policy, proposed by the China’s President Xi Jinping in 2013 that emphasises on connectivity and cooperation between China and the rest of the continental landmass of Asia and Europe, MIDF Research explained.
The OBOR policy is divided into international trade connections, the land-based “Silk Road Economic Belt” (SREB) and
ocean-based “Maritime Silk Road” (MSR).
MIDF Research noted that the OBOR state-owned enterprises (SOE) such as China Railway Construction Corporation, Beijing Urban Construction Group, Sinohydro, China Harbour Engineering Corporation and Sinopec finances, develops and construct development projects along the ‘New Silk Road’.
“Their financial requirements are often backed by other SOEs such as China Development Bank, Bank of China and China Construction Bank,” it said.
MIDF Research further noted that New Development Bank, Silk Road Fund and Asia Infrastructure Investment Bank (AIIB) have illustrated on how OBOR could reform the global financial system and at the same time, offer a new path of infrastructure investment funding.
The research arm pointed out Asia Development Bank posits that from 2010 to 2020, Asia would require US$800 billion to beef up its infrastructure.
“Having said that, Vivocom has strategically positioned itself into a beneficiary of CRCC foray into Malaysia’s infrastructure demand hence it not surprising that its orderbook is poised to ascend
through large scale construction projects,” the research arm opined.
In addition, MIDF Research highlighted that Vivocom has attracted institutional foreign shareholding amounting to 5.4 per cent currently.
“Moreover, Beijing Construction Group has expressed interest to participate in their equity capital structure as well as appointing Vivocom as their local project delivery partner (PDP),” it said.
On a side note, MIDF Research also mentioned the fact that Vivocom will have cost advantage as the research arm is expecting lower construction cost due to the supply of building materials from the group’s subsidiary Neata which supplies aluminum doors and windows.
The research arm said that 95 per cent of Vivocom’s projects are for the construction of mixed/residential projects.
“Thus, the building materials supply from Neata facilitates the reduction in its bills of quantities (BQ),” the research arm added.
MIDF Research further noted that Vivocom possesses niche capabilities in telco engineering.
The group has specialised technical capabilities in mechanical and engineering in installation, commissioning; testing and erecting telecommunication towers up to 100 metres, and; civil and cabling with horizontal directional drilling (HDD) machinery
for fibre infrastructure work.
The research arm added that Vivocom earnings will be supported by recurring income from rentals of 50 telecommunication assets to telecommunication providers such as Maxis Bhd, U Mobile Sdn Bhd, Malayisan Communications and Multimedia Commission, Digi.Com Bhd and Celcom Axiata Bh

Stock

2016-08-02 11:37 | Report Abuse

KUALA LUMPUR: Blue chips rallied on fund buying of key stocks including Sime Darby, banks and Petronas Chemicals, sending the FBM KLCI up nearly 12 points at the close on Monday while the ringgit staged a firm rebound despite the volatile crude oil prices.

At 5pm, the KLCI was up 11.97 points or 0.72% to 1,665.23. There were 1.78 billion shares done at RM2.01bil. There were 426 gainers, 333 losers and 366 counters unchanged.

Emerging stocks hit the highest level in nearly a year on Monday after disappointing numbers from the US pushed the chances of a Federal Reserve interest rate hike further onto the future while mixed Chinese data weighed on some bourses across Asia, Reuters reported.

MSCI's emerging market benchmark jumped 1.3 percent to the highest level since mid-August with stocks in Turkey, Russia and South Africa chalking up solid gains. Also ending on a high note were most key Asian markets.

The ringgit firmed up against the key currencies and it was at 4.0240 to the US dollar from 4.0660 the previous day, while it climbed to 5.3010 to the pound sterling from 5.3612. The ringgit was at 3.0009 to the Singapore dollar from 3.0154 and at 4.4867 to the Euro from 4.5227.

Among the gainers were consumer stocks, with BAT up 64 sen to RM50, Nestle 40 sen to RM79.40, F&N 30 sen to RM25.90 and Ajinomoto 18 sen to RM15. However, Dutch Lady lost 34 sen to RM63.64.

Sime Darby was the biggest mover in the KLCI as it rose 18 sen to RM7.60 and pushed the KLCI up 1.94 points.

Crude palm oil for third-month delivery rose RM14 to RM2,330 per tonne. Chin Tek added 49 sen to RM7.90, IOI Corp five sen to RM4.28, PPB Group and KL Kepong eight sen each to RM16.08 and RM23.20.

Among the banks, Public Bank rose 18 sen to RM19.68, CIMB 11 sen to RM4.50, Hong Leong Bank 10 sen to RM13,22, AmBank nine sen to RM4.39, Maybank one sen to RM8.03 while RHB Bank was flat at RM5.09. HLFG was the top loser, down 14 sen to RM15.08.

New Hoong Fatt jumped 34 sen to RM3.14 while KESM added 22 sen to RM6.88.

Oil fell, reversing earlier gains, as increases in Opec production and US oil rig additions continued to weigh on the market, Reuters reported. US light crude oil fell 52 cents to US$41.08 and Brent was down 58 cents to US$42.95.

Despite the declie, Petronas Chemicals rose nine sen to RM6.64 and added 1.22 points to the KLCI, Petronas Dagangan four sen to RM23.30 while Petronas Gas shed two sen to RM22.16. SK Petro was flat at RM1.43 while Wah Seong rallied 10.5 sen to 87 sen after it was upgraded by Maybank Research.


As for telcos, Axiata gained five sen to RM5.74, Maxis three sen to RM6.05, Digi was flat at RM4.96 and Telekom shed one sen to RM6.82.

Tenaga was unchanged at RM14.38, Genting Bhd flat at RM8.22 while MISC shed one sen to RM7.50.

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2016-08-02 09:58 | Report Abuse

KUALA LUMPUR: Blue chips rallied on fund buying of key stocks including Sime Darby, banks and Petronas Chemicals, sending the FBM KLCI up nearly 12 points at the close on Monday while the ringgit staged a firm rebound despite the volatile crude oil prices.

At 5pm, the KLCI was up 11.97 points or 0.72% to 1,665.23. There were 1.78 billion shares done at RM2.01bil. There were 426 gainers, 333 losers and 366 counters unchanged.

Emerging stocks hit the highest level in nearly a year on Monday after disappointing numbers from the US pushed the chances of a Federal Reserve interest rate hike further onto the future while mixed Chinese data weighed on some bourses across Asia, Reuters reported.

MSCI's emerging market benchmark jumped 1.3 percent to the highest level since mid-August with stocks in Turkey, Russia and South Africa chalking up solid gains. Also ending on a high note were most key Asian markets.

The ringgit firmed up against the key currencies and it was at 4.0240 to the US dollar from 4.0660 the previous day, while it climbed to 5.3010 to the pound sterling from 5.3612. The ringgit was at 3.0009 to the Singapore dollar from 3.0154 and at 4.4867 to the Euro from 4.5227.

Among the gainers were consumer stocks, with BAT up 64 sen to RM50, Nestle 40 sen to RM79.40, F&N 30 sen to RM25.90 and Ajinomoto 18 sen to RM15. However, Dutch Lady lost 34 sen to RM63.64.

Sime Darby was the biggest mover in the KLCI as it rose 18 sen to RM7.60 and pushed the KLCI up 1.94 points.

Crude palm oil for third-month delivery rose RM14 to RM2,330 per tonne. Chin Tek added 49 sen to RM7.90, IOI Corp five sen to RM4.28, PPB Group and KL Kepong eight sen each to RM16.08 and RM23.20.

Among the banks, Public Bank rose 18 sen to RM19.68, CIMB 11 sen to RM4.50, Hong Leong Bank 10 sen to RM13,22, AmBank nine sen to RM4.39, Maybank one sen to RM8.03 while RHB Bank was flat at RM5.09. HLFG was the top loser, down 14 sen to RM15.08.

New Hoong Fatt jumped 34 sen to RM3.14 while KESM added 22 sen to RM6.88.

Oil fell, reversing earlier gains, as increases in Opec production and US oil rig additions continued to weigh on the market, Reuters reported. US light crude oil fell 52 cents to US$41.08 and Brent was down 58 cents to US$42.95.

Despite the declie, Petronas Chemicals rose nine sen to RM6.64 and added 1.22 points to the KLCI, Petronas Dagangan four sen to RM23.30 while Petronas Gas shed two sen to RM22.16. SK Petro was flat at RM1.43 while Wah Seong rallied 10.5 sen to 87 sen after it was upgraded by Maybank Research.


As for telcos, Axiata gained five sen to RM5.74, Maxis three sen to RM6.05, Digi was flat at RM4.96 and Telekom shed one sen to RM6.82.

Tenaga was unchanged at RM14.38, Genting Bhd flat at RM8.22 while MISC shed one sen to RM7.50.

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2016-08-02 09:50 | Report Abuse

PETALING JAYA: Employees Provident Fund (EPF) members are now allowed to invest in unit trust funds that are fully focused on investing overseas.

Prior to this, EPF only allowed investments in unit trust funds with no more than 30% foreign exposure, although a 5% allowance in excess of the 30% threshold is permitted if it is due to share market movements or redemption activities conducted by investors.

This latest move, effective yesterday, would mean that members could opt to invest in unit trust funds that are 100% invested overseas as long as EPF recognises these funds.

With the relaxation of this limitation, EPF members will see the advantages of a wider range of investment opportunities.

It also means wider geographical opportunities for existing EPF funds.

Members can invest using their savings in Account 1.

The EPF currently manages about RM680bil of investment assets for 14.5 million members, of whom 6.7 million are active members.

It declared a dividend rate of 6.4% for 2015 and 6.75% for 2014.

Come January next year, the EPF will offer a fully syariah-compliant investment scheme, called Simpanan Syariah.

The EPF expects between 1.5 million and two million of its members to convert their savings to Simpanan Syariah during the first year of its launch.

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2016-08-02 09:18 | Report Abuse

IVOCOM (0069) This counter has already been predicted to be in the uptrend from previous week as early as the price was at 0.265

 

It is said that there will be an announcement release this Thursday 04/08/2016 or Friday 05/08/2016. This announcement will bring good to the company.

 

Tomorrow we might see and upside but however it needs to break 0.305 0.315 and 0.325.

 

It might then consolidate around 0.345 before finally touching 0.400

 

Another counter brought to you by Kim

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2016-08-02 08:03 | Report Abuse

VIVOCOM (0069) This counter has already been predicted to be in the uptrend from previous week as early as the price was at 0.265

 

It is said that there will be an announcement release this Thursday 04/08/2016 or Friday 05/08/2016. This announcement will bring good to the company.

 

Tomorrow we might see and upside but however it needs to break 0.305 0.315 and 0.325.

 

It might then consolidate around 0.345 before finally touching 0.400

 

Another counter brought to you by Kim

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2016-08-01 20:23 | Report Abuse

Today all happy, cheers everyone!!!

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2016-07-31 10:03 | Report Abuse

Go!go! Report to admin pls don't talk bout people mum,it will go same to u fr others mouth.

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2016-07-31 10:01 | Report Abuse

Hey!pls post wat u like,don't list out our name here.u don't like wat we post pls report to admin.
They will take action.

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2016-07-31 08:20 | Report Abuse

Alex winnie,Myview is my brother did u read i said WE.

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2016-07-30 23:41 | Report Abuse

If not wrong u said u r a muscular men,so terima kasih banyak Encik alex winnie.

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2016-07-30 23:33 | Report Abuse

Oso pls ignore our post if really bother u,tqvm.

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2016-07-30 23:31 | Report Abuse

U can comment wat u like here,pls don't list out our name,tqvm.