Semiconductor device market headed for sustained growth in 2015, says SEMI

The global semiconductor device market is headed for sustained growth this year, riding on the strong revenue growth last year, according to the US-based Semiconductor Equipment and Materials International (SEMI).

In a review of 2014 released in its Global Update on April 7, SEMI senior marker analysts Lara Chamness said 2014 was the second record breaking year in a row in terms of semiconductor device revenues.

She said the industry grew a robust 10% to total US$336 billion, citing the World Semiconductor Trade Statistics (WSTS).

Chamness said the strong momentum of the device market was enough to drive positive growth for both the equipment and materials markets.

“After two successive years of revenue decline, both the equipment and materials markets grew 18% and 3%, respectively last year.

“Even though the semiconductor materials market did not enjoy the same magnitude of recovery as the equipment market last year, the materials market has been larger than the equipment for the past seven years,” she said.
http://www.theedgemarkets.com/my/article/semiconductor-device-market-headed-sustained-growth-2015-says-semi

Stocks gain momentum, Europe at seven-year high

World stocks marched higher again on Thursday, drawing support from European auto sales and German trade data, while expectations that the first U.S. interest rate increase will come in the latter part of the year continue to grow.

Investors also breathed a sigh of relief as Greece confirmed it will pay a 450 million-euro loan tranche to the International Monetary Fund on Thursday, meeting a deadline and taking the immediate heat off the cash-strapped country.

http://mobile.reuters.com/article/idUSKBN0N001520150409?irpc=932

KNM bags contracts worth RM204m from Japan, Spanish groups

KNM Group Bhd ( Financial Dashboard) has secured three projects worth a combined US$56.67 million (RM204.01 million) from Japan's Toyo Group and Spanish-based Tecnidas Reunidas Group.

In a filing with Bursa Malaysia today, KNM (fundamental: 0.85; valuation: 1.8) said its wholly-owned subsidiaryKNM Process Systems Sdn Bhd was awarded a US$33.53 million contract by Toyo Group to supply columns, reactors, drums and tanks for the Pengerang Integrated Petroleum Complex Project in Johor.

The group also won a US$15.17 million contract from Tecnicas Reunidas Group to supply reactors, columns and pressure vessels for the same project.

Its third contract valued at US$7.97 million, involves supplying towers to Toyo Engineering Corp of Japan for the Turkmengas Petrochemical Complex project in Turkmenistan.

"The contract period for the three projects runs between 12 months and 18 months," said KNM.

The projects are expected to contribute positively to KNM Group's earnings for the financial years ending Dec 31, 2015, and 2016.

http://www.theedgemarkets.com/my/article/knm-bags-contracts-worth-rm204m-japan-spanish-groups

gogogo break the 0.20 resistance & the road is clear for you.

MyEG may see competition in online renewal of foreign workers' permits

My EG Services Bhd (MyEG), whose shares have jumped more than 30% year to date, may see competition in the business of online renewal of foreign workers’ permits.

Deputy Home Minister Datuk Dr Wan Junaidi Tuanku Jaafar said on Wednesday the Government was looking for an alternative to MyEG in that area.

The move was to prevent the monopoly by MyEG of online renewal of permits for foreign workers.
http://www.thestar.com.my/Business/Business-News/2015/04/08/MyEG-may-see-competition-in-online-renewal-of-foreign-workers-permits/?style=biz

Flashback - Sycal @ 0.465 ( Consistent 3 Years Of Growth )

Quarterly rpt on consolidated results for the financial period ended 31/12/2014 announced 27 Feb 2015

Material change in the Quarterly Results compared to previous quarter:-

The Group recorded revenue of RM127.2 million and gross profit of RM14.27 million for the current quarter as compared to revenue of RM118.7 million and gross profit of RM13.79 million for previous quarter. Group revenue
has increased as construction activities for the shopping malls at Taiping (completed in November 2014) and Klebang Ipoh picked up.

Review of Performance of the Company and its Principal Subsidiaries :-

The Group recorded revenue of RM402.476 million for year ended 31.12.2014 as compared to RM292.327 million recorded for 2103 whilst gross profit increased from RM31.754 million in 2013 to RM47.745 million in 2014.
Group's revenue is higher due to increased construction activities arising from contracts in Taiping and Ipoh and increased revenue from the ready-mix concrete operation.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=S&source=M&securityCode=9717
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1889277

Encorp in talks to develop Felda land

KUALA LUMPUR: Encorp Bhd ( Financial Dashboard) is in preliminary discussions with its major shareholder Felda Investment Corp Sdn Bhd (FIC), the investment arm of the Federal Land Development Authority (Felda), to explore a collaboration in property development.

In a filing with Bursa Malaysia yesterday, Encorp (fundamental: 0.45; valuation: 1.4) said to date, no formal terms or agreement have been reached.

FIC owns 72.27% of Encorp shares.

Encorp was commenting on a news report indicating that the firm was confident of partnering Felda to develop the latter’s land bank in key urban areas within Selangor, Melaka and Johor.

The report indicated the proposed collaboration could see Encorp becoming the master developer of the Felda land.

Encorp shares closed up three sen or 2.21% at RM1.39 yesterday, giving it a market capitalisation of RM384 million.

Encorp has risen 32% this year, significantly outperforming the FBM KLCI’s 5% gain.
http://www.theedgemarkets.com/my/article/encorp-talks-develop-felda-land

U.K. Services Growth Hits Seven-Month High as Economy Picks Up

U.K. services growth accelerated to a seven-month high in March as the broader economy gained momentum in the first three months of 2015.

Markit Economics said Tuesday its Purchasing Managers’ Index rose to 58.9 from 56.7 in February. Economists had forecast 57, according to the median estimate in a Bloomberg News survey. A reading above 50 indicates expansion.

The report, taken together with data last week on manufacturing and construction, suggests the economy will grow 0.7 percent this quarter after a 0.6 percent increase at the end of 2014, Markit said. Britain’s political parties are battling over claims to economic competency with less than five weeks to go before the general election.

http://www.bloomberg.com/news/articles/2015-04-07/u-k-services-growth-hits-seven-month-high-as-economy-picks-up

helo helo....bro tj, ct, cherry tomato, Tessa, mark, ys babe.....hope everyone riding on the super bull.....hehehe

HLIB Research starts coverage on Evergreen Fibreboard, target RM1.47

KUALA LUMPUR (April 7): Hong Leong IB Research has initiated coverage on Evergreen Fibreboard Bhd ( Financial Dashboard) with a “Buy” rating at RM1.13 with a target price of RM1.47 and said the company was one of the top 5 producers of engineered wood-based products in Asia, which main products consisting MDF and particleboard, with combined annual production capacity of more than 1.3m m³.

In a report today, the research house said it believed the strong share price performance has yet to fully reflect its true fundamentals, as we anticipate Evergreen’s earnings prospects to remain bright in the near to medium term.

“We are projecting Evergreen’s net profit in 2015 to multiply from RM200,000 in 2014, to RM64.3 million-RM86.3 million in 2015 and 2016 respectively, underpinned by: (1) Higher selling prices; (2) Higher sales mix of value added products (which yield better profit margins); and (3) Management’s ongoing efforts in streamlining its operations.

“We initiate coverage on Evergreen with a Buy recommendation and target price of RM1.47 (based on 10x average 2015-2016 EPS of 14.7 sen), providing an upside of 30%,” it said.

http://www.theedgemarkets.com/my/article/hlib-research-starts-coverage-evergreen-fibreboard-target-rm147

KLCI scales five month high

Sustained foreign fund buying saw the FBM KLCI closing above 1,842 which was its highest close since November 2014 as the ringgit staged a rebound against the US dollar.

At 5pm, the FBM KLCI was up 8.42 points or 0.46% to 1,842.94. Turnover was nearly two billion shares valued at RM1.68bil. The broader was mixed with 393 gainers, 379 losers and 342 counters unchanged.

The ringgit firmed up against the US dollar to 3.6315 from the previous close of 3.6693.

Telekom Malaysia, MISC, Public Bank and Genting Malaysia were among the major movers of the 30-stock KLCI. The recovery of crude oil prices also underpinned oil and gas counters.

Last week, foreign funds were net buyers on Bursa Malaysia at RM203.8mil while local retail investors were net sellers at RM166.30mil. Local institutions were also net sellers at RM37.5mil, according to BIMB Securities Research.
http://www.thestar.com.my/Business/Business-News/2015/04/06/KLCI-scales-five-month-high/?style=biz

Oil up more than $1 after Saudi's Asia price hike

Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region.

International benchmark Brent regained ground after tumbling as much as 5 percent on Thursday, when a preliminary nuclear deal was finally reached between world powers and Iran. More Iranian oil could enter global markets if that is followed by a comprehensive deal by June.

But analysts warned a ramp-up in exports could take months and would likely not happen before 2016.
http://www.reuters.com/article/2015/04/06/us-markets-oil-idUSKBN0MX01T20150406

MCT

GW Plastics completes book-building, offer price fixed at RM1.28 a share

GW Plastics Holdings Bhd has completed its book-building process and it has fixed the offer price at RM1.28 a share under the reverse takeover by property-based MCT Consortium Bhd. GW Plastics acquired the entire 100% of property-based MCT Consortium Bhd from the vendors Tan Sri Goh Ming Choon and Datuk Seri Tong Seech Wi for RM1.2bil cash consideration. (StarBiz)
http://klse.i3investor.com/blogs/valueinvestorresearchklse/74037.jsp

@speedyboy....hopefully the bull charge ahead next week....cheers!!!

FBM KLCI To Continue Upside Momentum
By Farhana Ponima
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to continue its upside momentum and trade within a narrow range of 1,840 to 1,850 points next week, driven by favourable external factors.
Affin Hwang Investment Bank vice-president/ head of retail research, Datuk Dr Nazri Khan Adam Khan, said the momentum would be driven by positive global macro data, reduced geopolitical tension in Iran and broad stimulus from the European Central Bank as well as The People’s Bank of China.
The local equities market ended the first quarter of 2015 firmer on hopes that China would adopt further stimulus measures to bolster growth, supported by reduced Iran-Greece geopolitical tension.
“The FBM KLCI remains firm despite the perception that it is going to be a rough year for Bursa Malaysia given the Goods and Services Tax (GST) implementation and softening ringgit. “However, we see no negative impact from the GST implementation on investor sentiment, as proven by the consumer and properties sectors, the two most sensitive sectors to consumption tax, which gained 0.3 per cent and 0.4 per cent week-on-week, respectively,” he told Bernama. He said in fact, the GST should have a positive impact on corporate earnings and the stock market as it would reduce business cost, encourage transparent and cheaper pricing, reduce shadow economic activities and boost export.
On Fridayto-Friday basis, the FBM KLCI gained 21.15 points to 1,834.52 from 1,813.37 last Friday. Weekly turnover increased to 10.94 billion units worth RM9.06 billion from 10.21 billion units worth RM9.5 billion last week. Main market volume fell to 4.89 billion shares valued at RM7.95 billion from 6.06 billion shares valued at RM8.59 billion the previous week - Bernama

Stock To Watch

Ecowld-WA @ 0.74 ( Exercise Price RM2.08 )

Eco World Development Group Bhd - Restructuring in the home stretch

Target RM2.60 (Stock Rating: ADD)

Eco World's 1QFY10/15 net profit was broadly in line with expectations and made up 8% of our full-year forecast. New sales amounted to only RM440m in 1Q but should meet the full-year target of RM3bn as sales pick up in future quarters due to new launches. The group will be launching four new projects this year - Eco Terrace, Eco Tropics, Eco Business Park 3 and Eco Sanctuary. We retain our EPS forecasts, Add recommendation and target price basis of 10% discount to RNAV. Eco World remains one of our top picks in the property sector, with the completion of the restructuring exercise, strong sales in upcoming quarters and landbanking as key catalysts.

1Q results in line

1QFY15 was broadly in line with expectations even though net profit met only 8% of our full-year forecast. We expect future quarters to be much stronger, driven by strong unbilled sales which stand at RM3.06bn currently. Eco World did not declare interim dividends, in line with expectations.

1Q sales of RM440m

Eco World sold RM440m worth of properties in 1Q. RM215m came from Johor (Eco Spring RM160m, Eco Tropics RM26m, Eco Botanic RM24m and Eco Business Park I RM5m) and another RM225m came from the Klang Valley (Eco Majestic RM196m, Eco Sky RM18m and Saujana Glenmarie RM12m). The sales were largely in line with expectations as Eco World is targeting to sell RM3bn worth of properties in FY15 and RM4bn in FY16. With four new projects to be launched, we believe it is on track to meet its sales target.

Restructuring exercise

Eco World's share price went ex of the 1-into-2 share split in Jan and ex of the 1-for-2 rights issue with 4 free warrants-for-5 rights shares in Mar. In Feb, the group completed the acquisition of landbank from Eco World Sdn Bhd for RM3.8bn. The only outstanding component of the restructuring exercise now is the 20% private placement, which should be completed in 2Q15. With the restructuring finally almost completed, Eco World's management can fully focus on operational issues and drive the company to greater heights.

Source: CIMB Daybreak - 20 March 2015, Full PDF Report

Doubts over U.S. growth cool dollar rally

The U.S. dollar lost ground on Thursday, the last trading day of the week for many markets ahead of Easter, after disappointing economic data on Wednesday raised doubts over the growth outlook ahead of key jobs data due Friday.

Although non-farm payrolls are expected to show an increase of 245,000 jobs in March, according to economists polled by Reuters, Wednesday's data hit U.S. equities and reinforced concerns that the dollar's recent rally has weighed on exports.

Thursday's pullback in the U.S. dollar index .DXY, which is still up some 8 percent year-to-date, gave a boost to emerging-market stocks .MSCIEF -- trading at a one-month high -- as main emerging currencies strengthened against the dollar.

http://mobile.reuters.com/article/idUSKBN0MT01T20150402?irpc=932

Super Enterprise

Super Enterprise Holdings Bhd, which manufactures product decorating and labelling solutions and sells labelling machines, has attracted interest from NASDAQ-listed Multi-Color Corp (MCC).

Super Enterprise (fundamental: 2.5; valuation: 1.8) said in a filing today that it has received a non-binding indication of interest from MCC dated March 27, 2015 to “explore a potential transaction” involving its shares.

MCC requires, among others, a due diligence to be satisfactorily completed before it can proceed to the stage of making a definitive offer involving the shares of Super Enterprise, if applicable,” Super Enterprise said in a statement, adding it has agreed for MCC to undertake a due diligence exercise.

The scope of due diligence would include the operations of Super Enterprise and its subsidiaries, customers, suppliers and financials of the group - The Edge Market dated April 1, 2015

Europe's bulls run...but for how long?

After an indifferent start, Europe's equity markets posted stellar gains on the first day of the brand new trading quarter, with many analysts predicting further upside for the region in the next three months.

The pan-European Euro Stoxx 600 index clocked gains of around 17 percent in the first quarter -- its best quarterly percentage gain since the third quarter of 2009 and the best first-quarter gain since 1998.

http://www.cnbc.com/id/102553011

Good morning bro CT & AT.

Plabs, in terms of recent profit if consistent with the next few quarters will push it’s PE down and potentially RM 0.40 only reflect PE of 10 times.

Eduspec is coming on strongly....cheers!!!!

Seacera to develop project worth RM10bil in GDV

Seacera Group Bhd is expected to develop a township-concept project on a 202.34-hectare site in Hulu Langat with a gross development value (GDV) of more than RM10bil.

We think this project will be a success because our land is nearer to the city than other properties which are located further away. 

The take up is expected to be good, if the positive respond received by other developers in the area is anything to go by, he told a press conference after the companys extraordinary general meeting (EGM) here today. 

http://www.thestar.com.my/Business/Business-News/2015/03/30/Seacera-to-develop-project-worth-RM10bil-in-GDV/?style=biz

Peterlabs @ 0.32 - Support Line

PETERLABS Holdings breached the historical high of 31 sen to set a new record of 32.5 during intra-day session. The positive breakout, accompanied by bigger volumes should open the windows for the bulls to continue exploring the unknown territory in the short-term. Initial support is anticipated at the 26.5-sen level.

http://www.thestar.com.my/Business/Business-News/2015/03/31/Suport-Line/?style=biz

Posted by rikki > Mar 24, 2015 10:39 AM | Report Abuse X

Stock To Watch 
Peterlabs @ 0.23 

The renewed interest in the poultry industry would also benefit companies offering animal health care services such as SCC Holdings Bhd, Peterlabs Holdings Bhd and Sunzen Biotech Bhd, 

In view of the margin expansion and post-industry consolidation phase, we now see increased livestock production. We foresee demand for animal health products increasing in tandem. 

The GST that takes effect next month is unlikely to impact demand for broilers and eggs, as both are zero-rated and exempted from the tax, analysts say. As they are staple products, demand is expected to remain consistent regardless of overall consumer sentiment - The Edge Weekly dated March 23, 2015

Credit Suisse buys 5% stake in Sona

Credit Suisse Group has acquired a substantial 5% stake in Sona Petroleum Bhd, the country' largest special purpose acquisition company.

"The announcement by Credit Suisse is a sign of confidence in our strategy and the Sona management, who continue to work tirelessly to comply with the regulatory requirements and timeline to complete the qualifying acquisition," said Sona in a statement yesterday.

http://m.thesundaily.my/news/1369965

Nexgram bought 70% controlling stake in Sensorlink last year by issuing shares @ 0.15. Sensorlink is now the main contributor in terms of revenue & profit.

Performance of the current quarter/ period against the preceding year corresponding quarter/ period The Group’s revenue of RM66.8 million in the current 3-months financial period ended 31 January 2015 as compared to RM27.8 million reported in the previous year corresponding period. The Group’s revenue increased by 140.3% was 
mainly due to the revenue generated from the acquisition of Sensorlink Group. 
The Group recorded a profit before taxation of RM4.7 million in the current 3-months financial period ended 31 January 2015 as compared to RM2.2 million reported in the previous year corresponding period

http://www.sensorlink.com.my/

hehe bro CT, long time no see....hope everyone huat huat next week
........cheers!!!

Stock To Watch
Bornoil @ 0.815 - Shinning Star With 3 Gold Mining Contract In Hand
Bornoil-WB @ 0.685 (Exercise Price RM0.10)

Review of Performance :
The Group’s overall turnover y-o-y increased significantly from RM11.272M to RM35.598M or 215.8% due to a satisfactory completion of a oil related contract and good performances from the gold mining and related operations and continuing good performance of the fast food and franchising division.
As a result of which they have enhanced the Group’s overall profit for both the quarter and the year. Profit after tax y-o-y jumped to RM5.231M from a loss of RM354K.

Current Year Prospects :
The Board is optimistic of achieving a much better result in line with the corporate plans and vision in the future if there is no unforeseen circumstances that will affect our operation and planning

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1915289

Posted by rikki > Mar 11, 2015 07:59 PM | Report Abuse X

Bornoil

3rd Gold Mining Contract Since March 2014.

The Board of Borneo Oil Berhad('BOB") is pleased to announce that its wholly-owned subsidiary, Borneo Oil and Gas Corporation Sdn Bhd (“BOG”) has entered into an Exclusive Production Sharing Agreement with HDL Global Sdn Bhd ("HDL") on 11th March 2015 (“Agreement”) to carry out prospecting, exploration, mining, extraction, processing, marketing, sales and collection of sales revenue with respect to all minerals and precious metals including gold (“Mining Works”) on an exclusive basis on an area known as Blok A, SKC(H) 1/2001, Hutan Simpan Bukit Ibam, Mukin Keratong, Daerah Rompin, Pahang with a total area of 1,200 ha (2,965 acres) (“Mining Area”).

The said Mining Area was contracted to HDL by Perbadanan Kemajuan Negeri Pahang (“PKNP”) on 21st May 2010. PKNP was granted approval by the State Government of Pahang a prospecting licence to carry out large scale exploration of minerals on the Mining Area.

A Mining Lease (reference: ML 17/2009) covering an area of 187 ha (462.08 acres) located at Lot 25442, Hutan Simpanan Bukit Ibam, Mukim Keratong, Rompin, Pahang has been issued to PKNP on 9thDecember 2009.

In addition, HDL has five (5) additional mining leases under application (“New Prospecting Areas”).

Note : This is not a buy or sell call

The Last Of The Mohicans

Frontken @ 0.185 - The only penny stock with good FA that has not moved.


Posted by rikki > Feb 28, 2015 12:36 AM | Report Abuse X 

Stocks To Watch  
Outstanding Quarter Results  

1) Frontkn @ 0.18  
Turnover qoq increased 93% from 54.4m to 105.1m & profit 292% from loss of 2.447m to profit of 7.155m  

2) Privasia @ 0.155  
Turnover qoq increased 88% from 15.1m to 28.4m & profit 183% from 1.788m to 5.070m

Posted by rikki > Mar 17, 2015 09:05 AM | Report Abuse X

Frontken Corp 

FRONKEN Corp has recovered to within striking distance of the previous rally peak on bargain hunting interest. The trend ahead is pretty simple. A decisive breakthrough of the 20 sen hurdle would signal the resumption of an uptrend, en route to the 25 sen level, and probably the 30 sen mark later. Current support is pegged at the 15 sen line 
http://www.thestar.com.my/Business/Business-News/2015/03/17/Support-Line/?style=biz


Quarterly rpt on consolidated results for the financial period ended 31/12/2014 announced on 27 Feb 2015

Analysis of performance:

The Group’s revenue for the current quarter and 12 months ended 31 December 2014 (“FY2014”) saw a significant increase of approximately RM50.7 million (93.1%) and RM119.2 million (62.6%) respectively compared to corresponding period of the preceding year. The improvement was mainly attributable to the better business performance by the Group’s subsidiaries in Taiwan and Malaysia.
There was a ramp up in the semi-conductor business in Taiwan due to improved outlook in this sector. In the case of Malaysia, the better performance was mainly due to the recognition of progressive revenue from the ATB project in Tanjung Bin coupled with higher revenue from both our oil and gas and semi-conductor division.
Against the same period last year, the profit before tax (“PBT”) for the current quarter and 12 months ended 31 December 2014 increased by approximately RM7.4 million and RM22.2 million respectively as a result of improved business. The disposal of investment in an associate company also contributed to the improved results in 2014 in view of the Group share of losses of RM1.3 million in the last corresponding period.

Comparison with immediate preceding quarter:

The Group’s revenue increased by 25.7% or approximately RM21.5 million during the current quarter to RM105.052 as compared to RM83.554 the immediate preceding quarter. This was mainly due to higher revenue recorded by its subsidiaries in Malaysia for its oil and gas and semi-conductor division and subsidiary in Taiwan in the semi-conductor business. The Group’s unaudited PBT increased from RM8.8 million in the immediate preceding quarter to RM9.9 million in the current quarter, in line with the improved performance of the Group during the quarter.

Prospects for the next year:

The Group continued with an improved Q4 results and saw its 12 months profit surged to RM23.2 million compared to RM0.5 million for the same period last year. The improvement in business and operating performance augur well with us and this represents an encouraging sign that the Group is on the right track of recovery from the slowdown and deferment of projects by our customers in 2013.
In 2014, our effort in focusing on the quality of our services and efficiencies so as to maintain our competitiveness for enhancing business performance has been rewarded and this was reflected in the significant improvement in profit compared to 2013. The Group’s acquisition of 45% stake in TTES Frontken Integrated Service Sdn Bhd (formally known as TTES Team & Specialist Sdn Bhd )(“TTES”)) is also starting to show the desired synergized effects to the Group and contributed positively to the Group’s result since its acquisition. The Group is confident that TTES will continue to improve its overall performance in 2015.
With the encouraging outlook in Taiwan’s semi-conductor sector, the Group is also confident that its Taiwan subsidiary will continue to deliver positive result to the Group.

The Group anticipates that the overall business conditions next year will continue to be challenging amidst global economic conditions uncertainty and slower growth in the regional economies. The Group’s ATB project in Tanjung Bin is expected to be completed and delivered to customer in 2015. Nevertheless, the Group believes with the right marketing approach, the Group business prospect in 2015 remains positive and encouraging barring unforeseen circumstances.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1888901

Note : This is not a buy or sell call.

Econpile

Econpile order book hits RM500m with IOI Rio City job

KUALA LUMPUR: Econpile Holdings Bhd’s order book has exceeded RM500m, which will be recognised until 2016, with the new RM54.5mil contract to undertake the sub-structure for IOI Rio City in Puchong, Selangor.

The piling and foundation specialist said on Thursday the contract, awarded by Flora Development Sdn Bhd, was to undertake the piling and related works for the IOI Rio City mixed development.

The contract is part of the IOI Rio City integrated development in Bandar Puteri Puchong which has an estimated gross development value of RM6bil over 72 acres.

Econpile executive director and group CEO Raymond Pang said with this new contract, the group’s total order book to date exceeds RM500mil.

“The unabated growth pace in the property development sector in Klang Valley points to the anticipated sustained demand for high-value developments in strategic locations, including the suburbs to the city centre.

“We believe that this market growth would be even more pronounced in the future due to an ever-growing population and increasing urbanisation,” he said. 

Pang said expects the real estate sector, comprising the building of both residential and commercial space, will continue to be active. 
http://www.thestar.com.my/Business/Business-News/2015/03/26/Econpile-order-book-hits-RM500m-with-IOI-Rio-City-job/?style=biz

@kc18.....thank you for visiting.....stock trading is like an 'art',
you keep on learning eventhough you are not able to master it. I3 is one of the best forum.

@dotdotdot.....you are most welcome. Hope you made good money from the market :)

K1 - (cont'd)

COMMENTARY ON PROSPECTS AND TARGETS(Cont’d)

Exercises such as materials cost reduction, productivity improvement and the likes to enhance profitability will continue in 2015 even though we expect improving profits based on assumed projected increased sales as the year unfolds. Nonetheless, it is good to exercise prudence in this uncertain cum volatile global economic climate, a case of uncertainty being the quick and sudden tumble of crude oil price towards the end of last year resulting in a major impact in the global economy and business landscape.

Towards the final month of last year and the beginning of this year, the US dollar has strengthened and held its strength against the Malaysian Ringgit. This works to the Group’s advantage as more than 90% of its sales remittances are denominated in US dollars. On the other hand, it will have an adverse impact on earnings if the
Malaysian Ringgit takes on the reverse role and gain strength against the US dollar. In this respect, it has been the Group’s guiding principle and practice to conduct natural hedging ie paying almost all its major suppliers in the same currency ie US dollars as its receiving remittances to mitigate the risks posed by currency
fluctuations.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1884925

Flashback - K1 @ 0.51

Quarterly rpt on consolidated results for the financial period ended 31/12/2014 announced 25 February 2015

PERFORMANCE REVIEW
(a) Current quarter compared to the corresponding quarter of last year
(4Q’14 vs 4Q’13 )
For the fourth quarter ended 31 December 2014, the Group achieved sales revenue of RM 54.2 million as compared to sales revenue of RM51.8 million for the corresponding quarter last year. The increase of 5% in sales was mainly attributed to the increased demand of mobile phone accessories and to a lesser extent, contributions from new consumer electronic products’ customers and also healthcare
devices’ customers.
The Group registered profit attributable to equity holders of the parent company of RM3.3 million as compared to the same of RM1.9 million for the corresponding quarter last year. Profit increased by 74% due mainly to the contributions from the streaming of new products with better margins and the existing products having improved margins as a result of various profit enhancement measures such as materials cost reduction and productivity improvement taken thus far. Additionally, the current quarter benefitted from not having to carry the remnants of the loss making wire-harness (household appliances) business which pulled down the profitability for the same quarter last year. Operating expenses were higher due mainly to more frequent trips overseas to manage and secure potential future business. Interest payment was reduced to an immaterial amount while on the contrary, the Group recorded interest income. In fact, as at the close of the fourth
quarter, the Group has no short and long term borrowings from the banks.
(b) Current quarter versus the preceding quarter
(4Q’14 vs 3Q’14)
Sales revenue for the fourth quarter ended 31 December 2014 at RM54.2 million was 11% higher than the preceding quarter of RM48.9 million. The increase in sales was mainly attributed to the continued ramping up of production of mobile phone accessories, particularly new product lines to tie in with new product launches and fulfilment of higher demand from the consumer electronics and health-care devices’ customers.
The Group registered profit attributable to equity holders of the parent company of RM3.3 million as compared to the same of RM3.1 million in the preceding quarter, representing a 6% increase in profitability. The profit increase was mainly due to a higher sales turnover of 11% and improved margins contributed by new product
launches.

COMMENTARY ON PROSPECTS AND TARGETS
The Group achieved sales of RM186.1 million in 2014 against the same of RM171.3 in 2013. Thus, the year-on-year sales growth is 9%. The key contributors to the sales growth were attributed to mobile phone accessories and the emerging consumer electronics and healthcare devices. As has been since the establishment of the Group in 2001, on average, more than 90% of its sales are for the export market.

For 2014, the Group exported 99% of its products/services so its performance is very dependent on the sentiment of the global economy. In this regard, the global economy, on the overall and in particular, the major ones such as US, Europe, China and Japan experienced intermittent and uncertain growth in 2014. Against such a backdrop, the Group has nevertheless performed well in growing its sales.

Moving forward, in the current year (2015), the Group anticipates to sustain and grow through tapping the existing customers in mobile phone accessories, surveillance cameras, consumer electronic products and automotive aggregates plus targeting emerging markets such as the healthcare wearables and medical devices industries. Furthermore, the Group expects to enhance its growth by leveraging on its track record in mobile phone accessories and consumer electronic products’ innovation by focusing on new customers in these sectors. The market
diversification into healthcare wearables and customer expansion will have their business challenges which the Group will attempt to resolve by relying on its technical and management experience.

Profit wise, the Group made profit attributable to equity holders of the parent company of RM11.9 million for 2014 as compared to RM1 million in 2013, representing an increase of 1,090%. The turnaround in 2013 has been extended to 2014 in a convincing manner. The significant increase in profits were attributable to the launching of new products with better margins from both existing and new customers, materials cost reduction, productivity improvement, overheads/expenses control and last but not least, sales growth.

Stock To Watch
Nexgram @ 0.115, Nexgram-WA @ 0.05 & Nexgram-WC @ 0.055
Quarter on quarter Revenue increased 139% from 27,832m to 66,792m & profit increased by 112% from 2,202m to 4.680m.

Quarterly rpt on consolidated results for the financial period ended 31/1/2015 announced 24 March 2015

Review of performance:

(a) Performance of the current quarter against the preceding quarter
For the current quarter ended 31 January 2015, the Group recorded revenue of RM66.8 million as compared to RM25.0 million which recorded in the previous quarter ended 31 October 2014. The significant increased in the Group’s revenue by 167.2% which mainly due to the sales from Sensorlink Group, which secured few contracts during the period.
The Group recorded a profit before taxation of RM4.7 million for the current quarter ended 31 January 2015 as compared to profit before taxation of RM1.3 million recorded in the previous quarter ended 31 October 2014.

(b) Performance of the financial year-to-date against preceding year
corresponding period The Group’s revenue of RM116.0 million in the current 9-months financial period ended 31 January 2015 as compared to RM79.9 million reported in the previous year corresponding period. The Group’s revenue increased by 45.2% was mainly due to the revenue generated from the acquisition of Sensorlink Group.
The Group recorded a profit before taxation of RM7.9 million in the current 9-months financial period ended 31 January 2015 as compared to RM5.1 million reported in the previous year corresponding period.

(c) Performance of the current quarter/ period against the preceding year corresponding quarter/ period The Group’s revenue of RM66.8 million in the current 3-months financial period ended 31 January 2015 as compared to RM27.8 million reported in the previous year corresponding period. The Group’s revenue increased by 140.3% was
mainly due to the revenue generated from the acquisition of Sensorlink Group.
The Group recorded a profit before taxation of RM4.7 million in the current 3-months financial period ended 31 January 2015 as compared to RM2.2 million reported in the previous year corresponding period.

Current year's prospect:

Nexgram Land Sdn Bhd, a wholly-owned subsidiary of Nexgram Holding Berhad is the developer for the below-mentioned projects. In December 2014,Nexgram Land Sdn Bhd and Myangkasa Bina Sdn Bhd have signed an Off-Take Agreement cum Sales & Purchase Agreement, with Gross Development Value of RM297,387,000.00 for Project 1 and RM1,147,200,000.00 for Project 2. Total Gross Development Value for both project is RM1,444,587,000.00.

Information of the property projects:

Putrajaya Project is residential development on a 5.3 acre commercial land (Malay Reserved Land) located beside Precinct 19, Putrajaya. The Development components consisting of the following:-
a) 3 blocks 20-storey serviced apartment tower of total 659 units with built-up area ranging from 850 sq ft to 1,100 sq ft.
b) 1-storey of facility floor above podium.
c) 5-storey of podium block elevated car park.
d) 10 units of retails/shops at the Ground Floor.
The expected full completion date for the project will be early of year 2019.

Cyberjaya Project is a mix commercial development on a 5.9 acres commercial land located at Persiaran Apec, Cyberjaya. The development components consisting of the following:-
a) 1 block 22-storey office tower with average built-up area of 12,500 sq ft per floor.
b) 1 block 21-stroey SOVO of total 360 unit with average built-up area of 750 sq ft per unit.
c) 1 block 23-storey Serviced Suites of total 495 unit with average built-up area of 390 sq ft per unit.
d) 19 units of retail/shops at Ground Floor with average built-up area 4,000 sq ft per unit.
e) 1 podium block with 6 storey of elevated car park.
f) 1 level of facility floor above the podium block.
g) 3 storey of basement car park.
The expected overall completion date of the project will be by end of year 2019.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1911909

Euro zone business activity shoots up

Business activity in the euro zone hit a 46-month high in March, according to data released on Tuesday, bolstering hopes that growth in the region is becoming more entrenched.

Flash euro zone composite Purchasing Manager's Index (PMI) data from Markit came in at 54.1 in March, up from 53.3 in February, marking the fastest growth in almost four years. The composite reading measures both manufacturing and services activity, with the 50-point mark separating contraction from expansion.

http://www.cnbc.com/id/102529528

Stocks With Momentum: Awc @ 0.40

AWC (Fundamental: 2.8/3; Valuation: 2.4/3) saw its share price surge 3.5 sen or 9.5% to all-time high of 40.5 sen yesterday. The stock appeared to attract periodic bouts of buying interest last year before volume subsequently fizzled out.

The facilities management services provider holds a 10-year concession to manage federal government buildings in several states, which is currently on interim extension. It also provides similar services to the private sector, as well as waste collection system solutions in Malaysia, Singapore and the Middle East.

For 1HFYJun15, net profit surged 463% from RM0.9 million to RM5.0 million, mainly due to higher project income and reversal of allowance for impairment losses.

The company has a solid balance sheet with net cash of RM68 million, or 30.2 sen per share, a significant 74.5% of the current share price. The stock trades at a trailing 12-month P/E of 7.4 times and 1.07 times book. No dividend was declared in FY2014.

http://www.theedgemarkets.com/my/article/stocks-momentum-awc-0

The renewed interest in the poultry industry would also benefit companies offering animal health care services such as SCC Holdings Bhd, Peterlabs Holdings Bhd and Sunzen Biotech Bhd,

In view of the margin expansion and post-industry consolidation phase, we now see increased livestock production. We foresee demand for animal health products increasing in tandem.

The GST that takes effect next month is unlikely to impact demand for broilers and eggs, as both are zero-rated and exempted from the tax, analysts say. As they are staple products, demand is expected to remain consistent regardless of overall consumer sentiment - The Edge Weekly dated March 23, 2015

Stock To Watch
Peterlabs @ 0.23

The renewed interest in the poultry industry would also benefit companies offering animal health care services such as SCC Holdings Bhd, Peterlabs Holdings Bhd and Sunzen Biotech Bhd,

In view of the margin expansion and post-industry consolidation phase, we now see increased livestock production. We foresee demand for animal health products increasing in tandem.

The GST that takes effect next month is unlikely to impact demand for broilers and eggs, as both are zero-rated and exempted from the tax, analysts say. As they are staple products, demand is expected to remain consistent regardless of overall consumer sentiment - The Edge Weekly dated March 23, 2015

QUARTERLY REPORT FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2014

Review of performance:
The Group registered RM15.972 million revenue for the current quarter which represents an increase of RM2.573 million or 19.20% as compared to the revenue of RM13.399 million in the previous period’s corresponding quarter. The Group registered profit before tax of RM2.005 million for the quarter under review which represents an increase of RM0.827 million or 70.20% as compared to the Group’s profit before tax of RM1.178 million reported in the previous period’s corresponding quarter. Profit before tax improved due to higher revenue recorded coupled with higher gross margin achieved.
For the current quarter, trading segment registered revenue of RM15.002 million from the external customers and RM2.286 million from inter-company transaction and reported profit before tax of RM1.775 million for the quarter under review. In the previous quarter, the group achieved revenue of RM13.864 million from the external customers and RM2.539 million from inter-company transaction and reported profit before tax of RM0.923 million for the trading segment. The significant increase in profit before tax for the trading segment for the current quarter was mainly due to higher revenue generated coupled with higher gross margin achieved in the trading segment.
The manufacturing segment registered revenue of RM0.970 million from the external customers and RM4.630 million from inter-company transaction and reported profit before tax of RM0.230 million for the quarter under review. In the previous quarter, the Group achieved revenue of RM0.201 million from external customers and RM4.338 million from inter-company transaction and reported profit before tax of RM0.123 million for the manufacturing segment. The increase in profit before tax for the manufacturing segment for the current quarter was mainly attributable to higher revenue achieved in the manufacturing segment.

Prospects :
The Group has aligned its goals to focus on the manufacturing, distribution and trading of animal health and nutrition products with the aim to further develop in the current market and pursue increased market share in the export market. The Group’s next step is to develop the business segment into the aquaculture and ruminant sector and will continue to obtain GMP compliance to achieve higher quality standards for all products. Despite the current challenging business environment, barring any unforeseen circumstances, the Board of Directors expects the performance of the Group to remain satisfactory in the future.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1889305

GST Info

Goods and Services Tax (GST) will be implemented effective April 1, 2015 and the rate is fixed at 6%. Sales tax of 10% and service tax of 6% will be replaced with GST. Under GST, most of the goods and services (except basic necessities) will be charged at every stage of the supply chain – even the ones that was previously not charged with Sales and Service Tax (SST). This means we will likely be paying more to purchase or use these goods and services, which were not taxed previously.

1. Credit card

The RM50 government tax charged annually on credit cards and the RM25 fee for supplementary cards, will be abolished from April 1, 2015 when the Goods and Services Tax (GST) is implemented. Instead, the 6% GST will apply on the credit card’s annual fees – which can range from RM70 to RM1,000 or more annually, depending on the type of card.

However, there will be no GST charges if the annual fee is waived, for example for free-for-life credit cards or those with annual fees waived, with stipulated minimum spending or transactions on a monthly or yearly basis.

To reflect the changes, the GST charged will be reflected as a separate item in the credit card statement. However, purchases will be reflected as a total amount inclusive of GST. There is some good news though, loyalty points or cash rebates will be given based on the 6% GST paid when using the credit card for retail purchases.

2. Books and e-books

The standard 6% GST will be imposed on all types of books except for dictionaries, encyclopedias, newspapers, texts, references, works and religious books. These books will be zero-rated and not be subjected to GST.

Local e-book suppliers like e-sentral and MPHonline will also be charging GST whereas foreign firms such as Google Play and Apple iBookstore would not be.

3. Housing

GST will also see basic construction materials such as cement, bricks and sand being taxed the standard 6% GST rate for both residential and commercial properties. Currently, these raw materials are not taxed under the existing SST. Heavy machineries such as cranes will be taxed too. Property developers normally do not buy such heavy machineries but rent them from other contractors – and it typically is factored into the construction cost.

Steel, bricks, and sand make up 44% of the construction cost and with these being charged GST, the cost of building a property is inevitably going to increase. Property companies expect GST to result in a maximum of 2.6% increase in house prices.

When the GST is implemented in April, residential property including SoHo (small office/home office) will be exempted. However, commercial properties including SoFo (small office/flexible office) and SoVo (small office/virtual office) would be subject to the 6% GST.

4. Fuel

RON95, Diesel and LPG (liquefied petroleum gas) will be exempted from GST implementation. However, RON97 will be subjected to the new 6% GST.

5. Electricity

A household will have 6% GST charged to the electricity bill for usage above 300 units.

6. Used cars

Currently, used cars are not subjected to SST and is not a GST zero rated item either. Therefore the car industry predicts that used cars will be subjected to an extra 6% tax after the implementation of GST in April.

7. Banking services

The RM1 MEPS fee charged when we withdraw from another bank’s ATM will increase to RM1.06. No GST will be charged if you make a withdrawal from your own bank’s ATM.

Similarly, other services offered by the bank, such as money transfers (e.g. cashier’s order and demand draft), telegraphic transfers, money exchange, loan, cheque, credit card, and debit card will see 6% GST charged to its service, commission or subscription fee.

8. Tuition fees

Beginning April, 6% GST will be imposed on tuition fees, as tuition centres are not categorised under educational institutions.

9. Beauty services

The price of beauty services like manicure, and hair and facial treatments will be subjected to 6% GST too. Massage services are also chargeable with the GST if the annual turnover for such businesses is RM500,000 and above. Aside from beauty services, cosmetics and other products for skin, hair and body care will also be charged GST.

However, operators registered to implement the GST will be able to lower their costs by claiming the input tax credit for premises rental fees, electricity costs and equipment purchased to carry out the services. Input tax refers to the GST paid by businesses on the purchase of goods and services used to perform their businesses.

Beauty products sold at airports as duty-free items will not be subjected to GST.

10. Insurance fees

All insurance policies except for life insurance will be charged 6% GST from April. GST would also impact all traditional and investment-linked policies which had medical, critical illness or personal accident benefits attached.

No bubble trouble for stocks yet: Goldman Sachs

Risky assets such as equities are not yet in bubble territory, Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer said Monday. 

Stocks received a further boost last week when the U.S. Federal Reserve indicated that interest rates would remain low for some time, even if they are lifted later this year. The Fed's key interest rate is just 0.25 percent, a level it has held since 2008 when it was cut amid the global financial crisis.
http://www.cnbc.com/id/102526236

@SpeedyBoy....thank you....just sharing some info....can be current local/foreign news; stock to watch due to latest development or financial results and flashback on some potential stocks. You are also welcome to post here.

BURSA: FBM KLCI To Trend Towards 1,830 Points
By Nurul Hanis Izmir
KUALA LUMPUR -- The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend further towards the 1,850 level next week, supported by foreign funds. “With foreign funds potentially starting to move into the local market following the US Federal Reserve’s interest rate decision, we reckon that the key index is likely to retest the 200-day moving average near the 1,830 level. “Should there be a decisive breakout from this level, we expect the key index to trend further towards the 1,850 level,” Affin Hwang Investment Bank vice president and head of retail research Datuk Dr Nazri Khan Adam Khan told Bernama.

He said following the breakout above the 1,800 psychological resistance level on Thursday, the FBMKLCI will likely get a leg up, tracking the strong showing of regional indices following the Federal Reserve’s latest dovish statement and bigger stimulus from the European Central Bank and the People’s Bank of China.

For the week just ended, local stocks staged a solid rally with a weekly FBMKLCI gain of 1.6 per cent following the Fed’s surprise statement on maintaining its near 0-0.25 per cent interest rates. For the week just ended, the FBM KLCI advanced 21.9 points to 1,803.65 from 1,781.75 last Friday. The FBM Emas Index jumped 99.19 points to 12,384.24, the FBMT100 Index soared 112.64 points to 12,079.13 and the FBM Emas Syariah Index added 25.01 points to 12,903.9. Weekly turnover decreased to 10.37 billion units worth RM10.59 billion from last week’s 13.09 billion units worth RM10.43 billion. Main market volume increased to 6.75 billion shares valued at RM9.65 billion against 6.04 billion shares valued at RM9.11 billion last week - Bernama

Flashback - Kawan @ RM1.60
TP RM1.95 by BIMB Securities

KAWAN - Quarterly rpt on consolidated results for the financial period ended 31/12/2014 announced 26 Feb 2015

Review of performance :
For the current quarter ended 31 December 2014, the Group recorded a higher revenue of RM36.1million against RM32million in the corresponding quarter ended 31 December 2013, an increase was due to higher sales registered from all regions except Asia - excluded Malaysia. On a year-to-date basis,the Group recorded revenue of RM149.5million, an increase of 18% compared to last year RM126.4 million. The increase was due to higher sales registered from all regions.
Profit after taxation for the Group increased by 23.8 % or RM1million compared to the corresponding quarter ended 31 December 2013, mainly led by the strong consumer demand for the Group products in the current quarter. On a year-to-date basis,the Group recorded profit after tax of RM20.9million compared to RM16.1 million in the previous year. The increase of 29.8% or RM4.8million were mainly led by higher sales registered and favourable RM/USD exchange rate in the current year.

Commentary on the prospect :
The outlook for the global economy is uncertain due to the conditions in both United States and Europe. The continued volatility in USD/RM exchange rates will impact both revenue and profits. The group will monitor the developments and will continue to strengthen its efforts to improve overall efficiencies. The Board expects the performance of the group to remain profitable.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1887125

Posted by Euphoria87 

Edge Weekly 
Warrants Update: Kawan-WA may benefit from weaker ringgit 

By Ben Shane Lim / The Edge Malaysia | March 5, 2015 : 2:00 PM MYT 

KAWAN Food Bhd, which counts frozen paratha and chapatti among its bestsellers and exports about 70% of its products to the US, the UK, Australia and New Zealand, could be among the few local exporters to benefit from a weaker ringgit. 

In fact, the group saw its net profit improve 34.9% to RM5.77 million — partly lifted by exchange rate gains — in its third quarter ended Sept 30, 2014. Since last September, the ringgit has weakened even further and is currently expected to continue trading in the range of 3.5 to 3.7 against the US dollar this year. 

If the stellar showing is repeated when Kawan Food’s full-year earnings are reported by the end of this month, its shares and warrants could receive a boost. 
Closing at 52 sen last Tuesday, Kawan-WA was trading at a 5.84% discount to the mother share, which closed at RM1.54 apiece. 

Note that the exercise price of the warrants has been reduced to 93 sen from RM1.40 subsequent to a one-for-two bonus issue that saw the issuance of 90 million bonus shares and 29.23 million new warrants. 

The frozen food product manufacturer is currently consolidating its operation from Shah Alam to a new factory in Pulau Indah while at the same time expanding capacity. The new facility will allow Kawan Food to upgrade its refrigeration system and its warehousing. The move is expected to be completed in the third quarter of this year. 

This positions the warrants, which expire in July next year, relatively well to benefit from improved earnings from the move. In the near term, a catalyst for the group’s earnings would be the ringgit’s depreciation against the greenback. 

Annualising its recent nine-month earnings per share of 12.63 sen, the shares are trading at about 9.14 times earnings based on their RM1.60 close last Monday. 

This isn’t very cheap or very expensive either, considering the group is sitting on a sizeable cash pile of RM34.38 million, which works out to 18.8 sen net cash per share. 

It is worth noting that the group has announced plans to use the cash — of about RM100 million — over the next four years for expansion purposes. As the group puts its cash to use, it would be interesting to see if it can unlock more of its growth potential. 

Kawan Food’s relatively small market capitalisation of RM292.3 million may make it too small for some institutional investors. However, Lembaga Tabung Angkatan Tentera has a 4.99% stake in it. Its major shareholders are Datuk Thiam Chai Gan with a 32.8% stake and Nareshchandra Gordhandas Nagrechawho with 23.65%. 

This article first appeared in The Edge Malaysia Weekly, on February 23 - March 1, 2015.

05/03/2015 15:21

Cabinet defers increase in fares

The Land Public Transport Commission (SPAD) has found itself in a spot after being directed by the Cabinet to defer the hikes in public transport fares.

http://www.thestar.com.my/News/Nation/2015/03/22/Cabinet-defers-increase-in-fares-SPAD-disputes-speculation-new-fees-were-announced-without-approval/

Scramble for dispensing pie

The Edge said that Malaysia’s community pharmacies, also referred to as retail pharmacies, number a little over 2,000, with major names like Caring, Guardian, Watsons, Cosway and Vitacare controlling a sizeable number of stores. Others include Tigas, Aeon Wellness, Alpro, Constant, Health Lane Family and Multicare.

The Edge weekly in its latest edition has said that while the debate on dispensing separation (DS) — which will essentially divide the professional responsibilities of doctors and pharmacists — waxes hot and furious, money has been pouring into the community pharmacy industry.

It said this was no surprise as the pharmaceutical market as a whole was estimated at RM8 billion — and growing.

http://www.theedgemarkets.com/my/article/scramble-dispensing-pie

@MainBesar & bro Hit....hopefully frontkn really moved this time ;) However, this stock we don't have to worry even if it dropped a bit bcoz co is doing well.

Bro hit, you can buy back since price just full back before morning session closed....hehehe

Taxi fares go up immediately, express bus from April - SPAD

The Land Public Transport Commission (SPAD) today announced fare hikes for taxis, effective immediately, and that for express buses from April 1.

The fare hikes are necessary to ensure commercial viability of the industry, said SPAD chairman Tan Sri Syed Hamid Albar in a press conference today.

For taxis in the Klang Valley and Johor Bahru, distance fare will be up 38 sen per km or 43.7% to RM1.25 per km; while time fare will increase 13 sen per minute or 44.83% to 42 sen per minute. Flagfall rate remains at RM3.00.

For Teksi 1Malaysia (TEKS1M) in the Klang Valley and Johor Bahru, distance fare is up 63 sen per km or 72.41% to RM1.50 per km; while time fare is up by 21 sen per minute or 72.41% to 50 sen per minute. The flagfall rate is up RM1 or 33% to RM4.

All revised taxi fares are effective immediately and can be charged on customers once taxi operators recaliberated their meters, said SPAD chief executive officer Mohd Nur Ismal Kamal.

SPAD estimates it would take taxi drivers and operators about two months to have the meters recaliberated, before taxis could charge the new rates.

SPAD will also raise express bus fares to 11.4 sen per km, up 22.58% from 9.3 sen per km before, efffective on April 1, 2015.

On the fare hikes, Syed Hamid said: "The revision which aims to align the fares to actual operating costs, also strikes a fair balance between the welfare of passengers and the drivers as well as the operators," Syed Hamid said.

http://www.theedgemarkets.com/my/article/taxi-fares-go-immediately-express-bus-april-spad

Yellen: Can't rule out a rate increase in June

The Federal Reserve removed 'patient' from its latest policy statementon Wednesday but said there would be no rate hike in April. Fed Chair Janet Yellen said the language change did not indicate a June rate hike was coming either, though she also said it could not be ruled out.
http://www.cnbc.com/id/102513036

Bro Tj, totally agreed with you. Some of them are like "whore", visiting threads to threads just to enjoy poking on others miseries.

Posted by tjhldg > Mar 18, 2015 01:03 PM | Report Abuse 

for wantonmee .. some may see this as a trading opportunity some may side line tenggok wayang .. the risk is too high , dont play play is safe and can say tiok aeh .. 

just the worst type is si ia bo that put salt on pple wound ,like many at the wantonmee store , glad that all kawan kawan here all no hav this kind of attitute , appreacited much . wish those tat hav the penny penny in hands good luck and huat huat .

Is renewable energy ready to disrupt fossil fuels?

Prices of fossil fuels may be plumbing multi-year lows, but that's not likely to keep them from being displaced by the advance of renewable energy, especially solar, analysts said.

"Renewable energy technologies are far further advanced than many may believe: solar photovoltaic (PV) and on-shore wind have a track record of successful deployment, and costs have fallen dramatically in the past few years," Alex Thursby, chief executive of the National Bank of Abu Dhabi (NBAD), said in a report published this month. "In many parts of the world, indeed, they are now competitive with hydrocarbon energy sources."

Over the past few years, more than 50 percent of new investment in electricity generation capacity has been from renewable sources, with around $260 billion a year invested in renewable-energy technology over the past five years, said the report, which was prepared for NBAD by the University of Cambridge and PwC.

The cost of solar PV is down more than 80 percent since 2008 and modern wind turbines produce around 15 times more electricity than in the 1990s, it said.

http://www.cnbc.com/id/102510242