Hibiscus

The Rolvsnes oil discovery has estimated recoverable resources of some 118 million barrels (Source: Lundin Norway AS, 17 Nov 2014), which at today’s market value of about USD 4 per barrel for oil-in- the-ground in Norway, has a total value of around USD 470 million. Lime Norway’s 30 per cent stake in the licence would equate to a value of approximately USD 141 million. Rex Virtual Drilling (“RVD”) confirms the discovery and an appraisal well is planned for the second half 2015. 

Separately, drilling of the Gemini prospect has been concluded as a dry well. The well stopped at 2,269 m below sea surface at the minimum required level and to the formation targeted by the operator, where RVD had not detected any anomaly, proving its analysis correct. The cessation of the drilling took place before the depth where RVD had seen strong indication of the presence of hydrocarbons. At the time of drilling, Lime Norway’s entry was pending governmental approval and thus, it was unable to vote on deepening the well.

Hibiscus 35% stake of Lime Petroleum will approximately be USD141M x 35 x 3.70 = RM182.595M

http://rex.listedcompany.com/newsroom/20150317_200907_5WH_B89X87XM0ZDCZ03K.1.pdf

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

@tsy88.....yes approval was from that announced to Bursa. The share price has not moved, probably due to investors waiting for the agreement to be signed with TNB. This solar energy is also a new line of business for PUC, away from their expertise in IT.

Redtone

Sultan Ibrahim of Johor has emerged as the single largest shareholder in REDtone International Bhd with a 20.13% stake, following conversion of his warrants and irredeemable convertible unsecured loan stocks (ICULS) to ordinary shares, and the purchase of shares from the market.

In a Bursa Malaysia filing this evening, REDtone (fundamental: 2.3; valuation: 0.3) said Sultan Ibrahim had acquired 74.6 million shares in the integrated telecommunications solutions provider via a married deal.

http://www.theedgemarkets.com/my/article/sultan-johor-emerges-single-largest-shareholder-redtone

PUC

PUC FOUNDER (MSC) BERHAD (“PUC Founder” or the “Company”), a Bursa Malaysia ACE market listed company (Stock code : 0007) today via its subsidiary, MaxGreen Energy Sdn Bhd (“MGE”), is pleased to announce that MGE has been awarded as a Feed-in-Tariff (“FiT”) Approval Holder by the Sustainable Energy Development Authority Malaysia (“SEDA”) to develop and operate a solar photovoltaic (“PV”) plant with 1 megawatt power (“MWp”) capacity to produce electricity to be supplied to Tenaga Nasional Berhad (“TNB”).

The solar PV plant is to be set up in Sungai Petani, Kedah with a land area of 2.5 acres. TNB will sign a contract with MGE whereby the power produced will be sold to TNB at a fix rate under the FiT rates.

“Once awarded as a FiT Approval Holder, we will proceed to sign the agreement with TNB upon fulfilling the conditions imposed by SEDA and TNB. We will be supplying power to TNB which is a sustainable source of income for the Company. We capitalise on the opportunity to venture into solar PV project which is in line with our beliefs and at the same time bringing in steady stream of revenue to our Group.” said the Group Managing Director, Mr. Cheong Chia Chieh.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1903177

Good lesson....tq bro tj ;)

Bro Tj.....you are welcome....so late belum tidor kah.....wake up early 2moro & huat huat all the way.....cheers!!!

Flashback - Turbo-Mech @ RM1.23

Financial Report For Quarter Ended 31 December 2014 announced on 
16 February 2015 

Analysis of Performance :
The Group achieved revenue of RM13.62 million for the current quarter, an increase of RM0.89 million or 7% as compared to the RM12.73 million achieved during the preceding year corresponding quarter. The increase in revenue was mainly from the increase in revenue from the Singapore segment. The Group achieved gross profit of RM5.44 million during the current quarter. This represent an increase RM1.07 million or 24.5% as compared to the RM4.37 million achieved during the preceding year corresponding quarter. The gross profit margin for this quarter is 39.9% which is slightly higher than the gross profit margin of 34.3% achieved during the preceding year corresponding quarter, resulting from changes in sales mixed. For the current quarter, the Group recorded a profit after tax of RM4.5 million, an increase of RM0.74 million or 19.7% as compared against the preceding year corresponding quarter profit after tax of RM3.76 million. The increase was mainly due to the improved sales from Singapore sector.

Prospects :
The demand for petrochemical industries products are influenced by the market economic conditions. As a supplier of pumps and compressors to both upstream as well as downstream of petrochemical industries, the demand for our products and services will inevitably be affected as well.
The Company will stay focused on maintenance and services in which we should expect no significant changes in this area.

Note : Turbo-Mech has no borrowings & has a net cash/bank balances of RM47.518M as at 31 Dec 2014 (90% was in foreign currency of which 77% in SGD - Annual Report 2013 )
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1878933

BURSA: FBM KLCI To Stabilise At 1,780 Support Level Next Week
By Siti Radziah Hamzah KUALA LUMPUR
-- The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to stabilise at the 1,780 support level and trade f irmer next week, spurred by positive local and external economic environment. Affin Hwang Investment Bank vice-president and head of retail research Datuk Dr Nazri Khan Adam Khan said strong showing of Wall Street and Asian indices on several factors, including the US dollar retreat and broad commodities strength, would influence the local market movements next week.
He said major economic reports, including the recently released Bank Negara Annual Report 2014, were set to power Bursa Malaysia’s sentiments in the near term. “Overall, given positive external front and continuous central bank easy money policies, we feel that the FBM KLCI is likely to see a positive U-turn soon, hence any weakness should be a good buying opportunity,” he told Bernama.
The local market was traded mostly lower during the week just ended due to lack of marketmoving news. Weekly turnover increased to 13.09 billion units worth RM10.43 billion from 11.34 billion units worth RM11 billion last week. Main market volume weakened to 6.04 billion valued at RM9.11 billion from 6.29 billion shares valued at RM10.15 billion previously.

Mitrajaya

Mitrajaya to issue up to 222.63 million bonus shares

Mitrajaya Holdings Bhd ( Financial Dashboard) has proposed a bonus issue of up to 222.63 million new ordinary shares of 50 sen each, on the basis of one bonus share for every two existing ordinary shares of 50 sen each in the company, on an entitlement date to be determined and announced later.
http://www.theedgemarkets.com/my/article/mitrajaya-issue-22263-million-bonus-shares

Benalec

BENALEC HOLDINGS BERHAD (“BENALEC” OR “THE COMPANY”)
UPDATES IN RELATION TO THE TERM SHEET ENTERED BETWEEN SPEKTRUM KUKUH SDN. BHD., A 70% OWNED-SUBSIDIARY OF TANJUNG PIAI MARITIME INDUSTRIES SDN. BHD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC SDN. BHD. WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC AND THE STATE SECRETARY, JOHOR (INCORPORATED) AND 1MY STRATEGIC OIL TERMINAL SDN. BHD.

1.  Introduction

Spektrum Kukuh Sdn. Bhd. (“SKSB”), a 70% owned-subsidiary of Tanjung Piai Maritime Industries Sdn. Bhd., which in turn is a wholly-owned subsidiary of Benalec Sdn. Bhd., which in turn is a wholly-owned subsidiary of Benalec, had on 12 March 2013 entered into a binding term sheet (“Term Sheet”) with The State Secretary, Johor (Incorporated) (“S.S.I.”) and 1MY Strategic Oil Terminal Sdn Bhd (“the Purchaser”) to undertake the reclamation works and sale of approximately 1,000 acres of land off the coast of Tanjung Piai, Johor Darul Ta’zim (“the Land”) for the purpose of constructing and operating a crude oil and petroleum storage facility together with a private jetty (“Project”).

(SKSB, S.S.I. and the Purchaser are collectively referred to as “the Parties”.)

 2.  Status

Further to the announcements made on 12 March 2013, 12 June 2013, 17 June 2013, 11 September 2013, 12 December 2013, 19 March 2014, 12 June 2014, 11 September 2014 and 12 December 2014 with regards to the Term Sheet, the Parties are in the midst of finalising the terms and conditions of the Sale and Purchase Agreement.

This announcement is dated 12 March 2015.

Flashback - Pentamaster

Financial Report For Quarter Ended 31 December 2014 announced on
16 February 2015

Review of Performance :

The Group recorded higher revenue at RM22.3 million in the current quarter as compared to RM16.7 million registered in the corresponding quarter last year. The higher revenue recorded was due to increase in sales orders from both the automated equipment segment as well as the automated manufacturing solution operating segment as a result of higher demand from the semiconductor sector. Consequently, the Group recorded a higher profit before tax of RM3.1 million in the current quarter as compared to the profit before tax of RM1.1 million in the previous corresponding quarter mainly due to the increase in sales and better product mix in this reporting quarter.

Performance of the respective operating segments for the current quarter as compared to the previous corresponding quarter is analysed as follows:-
1) Automated equipment The increase in revenue by RM2.4 million (23.7%) to RM12.3 million as compared to the previous corresponding quarter was mainly contributed by higher demand for automated equipment from semiconductor market. With the increase in revenue and better product mix with higher margin achieved, this segment recorded a higher profit before tax of RM2.4 million in the current quarter as compared to the profit before tax of RM1.0 million in the previous corresponding quarter.
2) Automated manufacturing solution Revenue from this segment was RM3.2 million (48.0%) higher than the previous corresponding quarter mainly due to higher demand for the integrated manufacturing solution from customers in the current quarter. As a result, this segment recorded a higher profit before tax of RM1.1 million in the current quarter as compared to the profit before tax of RM0.3 million in the previous corresponding quarter

Current Year Prospect :

We expect better revenue contribution in year 2015 stemming from the area of growth and opportunities for automation equipment from semiconductor industry, glove industry, food industry, wireless segment and robotic application related projects. We are aware that many companies are moving towards machine automation in light of the human capital challenge currently faced. Machine automation will reduce reliance on human capital while increase manufacturing effectiveness and productivity. With demand for leading-edge automation and information technology solution, demand for our automated equipment and automated manufacturing solution is expected to remain positive. We will continue to strengthen the market position and expand the customer base. The management is cautiously optimistic on the growth prospect of the company for the year 2015.

Willowglen

On behalf of the Board of Directors of the Company, we are pleased to announce that on 12 March 2015, the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded a contract valued at approximately RM10,650,000 by PowerGas Limited, Singapore for the Maintenance and Capacity Expansion Works of the PowerGas SCADA System 2014.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1901293

@MainBesar..... it's the only excellent penny counter that has not moved. I have bought earlier @ 0.18.

End of hybernation, a new world await ;)

Franken "Hybernation Completed" ?

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

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”).

IFCA MSC Bhd announced it has received a letter of award from Rangkaian Hotel Seri Malaysia Sdn Bhd for the supply of a property management solution worth RM3.39 million, excluding the annual maintenance fee.

In a filing with the exchange, IFCA (fundamental: 3; valuation: 1.5) said the contract is for 22 sites located in Malaysia.

“The contract is not expected to have any material effects on the share capital and shareholding structure of the company.

“However, it is expected to have positive contribution to the earnings per share and net assets per share of IFCA for the financial year ending 2015,” said the company.

IFCA closed unchanged at RM1.34 today. Its market capitalisation was RM700.14 million.

http://www.theedgemarkets.com/my/article/ifca-msc-bags-property-management-contract-worth-rm34-mil

Malaysia’s external debt tripled to RM740 million last year

Malaysia's external debts grew by more than three-fold in less than a year, from RM196 billion at the end of 2013 to a whopping RM740.7 billion in the third quarter of last year.

In a written reply to William Leong (PKR - Selayang), Finance Minister Datuk Seri Najib Razak attributed the spike to "new definitions" for external debts in 2014.

Almost two-thirds of the increase was due to foreigners holding on to Malaysian bonds, now considered as part of the external debts.

Leong warned that this is the scenario currently taking place with debt-laden 1Malaysia Development Berhad (1MDB) where a huge chunk of its RM42 billion debt is allegedly being held by foreigners. http://www.themalaysianinsider.com/malaysia/article/malaysias-external-debt-tripled-to-rm740-million-last-year

Chinese Factory Data Shows Weakest Start in Six Years

(Bloomberg) -- China’s economy is already behind target as monetary easing shows few signs of traction.

Industrial output, investment and retail sales growth missed analysts’ estimates in January and February, suggesting more stimulus is needed to boost the world’s second-largest economy. Bloomberg’s gross domestic product tracker, which draws on that data as well as measures such as electricity production, shows economic growth slowing to 6.28 percent in the period, the weakest pace since the start of 2009.

http://www.bloomberg.com/news/articles/2015-03-11/china-s-factory-production-data-shows-weakest-start-in-six-years

Teo Seng @ 2.02 TP 2.40 by AmResearch

AmResearch has initiated coverage on Teo Seng Capital with a Buy call and a fair value of RM2.40/share, based on a fully-diluted PE of 13 times on FY15F earnings. 

TSC is a Shariah-compliant stock. TSC is a well-managed modern poultry farmer focusing primarily on the production of eggs. 

With a daily output of 3.1mil eggs, it is the third largest egg producer in Malaysia. About one-third of its production is exported to Singapore
http://www.thestar.com.my/Business/Investing/2015/03/11/AMResearch-initiates-coverage-on-TSC/?style=biz

Turnover & profit increasing; 50% of goods exported

@excel....you are welcome.....hope you made money too.

Btw, please note that not all 'Stock To Watch' are buy calls. You need to read the contents to understand. Example, Skpetro was more of a sell call.

@jasony....based on research here & there.....hope many of you made money.....cheers!!!

@speakup.....very right....1MDB issue is one of the main reason why bursa was trading sideways these few months.

@MainBesar, ringgit is very weak & may weaken further in anticipation of interest rate increase in US. I would take some profit & see how it goes.

Stock To Watch
TPC @ 0.47 - "Eggs That Slips Investors Radar"

Net profit margin @ 5.7%, slightly lower than QL of 6.5% but better than CAB, PW, Lay Hong & Huat Lai.

TPC was incorporated in 1978 and its principal activity is poultry farming, its main produce being table eggs. The company is one of the pioneer egg producers and currently is a medium-sized supplier of table eggs in West Malaysia.

TPC uses modern semi-automated equipment as well as the state-of-the-art technology in its production facilities. A combination of effective and comprehensive vaccination of pullets coupled with appropriate structural and operational biosecurity offers its eggs a high level of assurance against contamination from food-borne pathogens.

To date, TPC has successfully built a niche in the market for its popular brand of Premium Lower Cholesterol eggs - the “TPC Lower Cholesterol Eggs”. TPC also produce and market other nutritional-enriched eggs namely “TPC Omega Eggs”, “TPC Organic Selenium Eggs”, “TPC Golden Corn Eggs” and “TPC Farm Fresh Eggs” to cater for the needs of the increasingly health conscious Malaysian consumers.

For institutional customers, TPC has introduced a premium product known as WASACO (“washed-sanitized-coated”) eggs. Scientific research showed that washing, sanitizing and coating of shell eggs with food grade wax aid in reducing the bacterial load on the eggshells and the procedure can help to prevent food contamination and illnesses in human. The eggs also have longer shelf life. TPC prides itself on being the first HACCP-certified egg washing operation in the country.

TPC eggs are being sold across Peninsular Malaysia at retail and wholesale egg dealers and directly to customers such as major hypermarket and supermarkets chain, hotels, cake and confectionery houses, fast food chains and others.

Note : TPC is a PN17 company & under regularisation plan.

Stock To Watch
Genetec @ 0.16

Genetec bags RM40.6 mil in new orders

Genetec Technology Bhd has secured new orders totalling RM40.6 million, it said in an announcement today.

According to its filing to Bursa Malaysia, up to RM34.5 million of the orders were from the group’s existing clients from the electronics, semiconductor and hard disk drive (HDD) industries.

The rest were from the automotive and other industries.

Genetec (fundamental: 1.2; valuation: 1.2) said these orders are expected to contribute positively to its earnings for the financial year ending Mar 31, 2015 (FY15) and FY16

http://www.theedgemarkets.com/my/article/genetec-bags-rm406-mil-new-orders

Ringgit drops to six-year low as Fed stance to cut bond appeal

The ringgit fell to a six-year low as investors brace for an increase in U.S. interest rates that will diminish the appeal of Malaysia’s higher bond yields.

The extra yield investors demand to hold Malaysia’s dollar notes due in 2016 over similar-maturity Treasuries rose to the widest in 20 months Monday as local bond rates climbed. A U.S. report Friday showing the jobless rate dropped to the lowest in almost seven years prompted funds to raise bets for tightening by the Federal Reserve as soon as June, while Malaysia has kept borrowing costs on hold since July as oil prices plunged.

“The hiking of Fed interest rates has a clear impact on emerging markets,” said Nizam Idris, Singapore-based head of foreign-exchange and fixed-income strategy at Macquarie Bank Ltd. “As the Fed hikes rates,” the attraction of Malaysia’s yields will decrease, he said.

The ringgit declined 0.4 percent to 3.6930 a dollar as of 10:22 a.m. in Kuala Lumpur and earlier fell to 3.6945, the lowest since March 2009, data compiled by Bloomberg show. The currency has lost 1.8 percent in the past five days.

http://www.theedgemarkets.com/my/article/ringgit-drops-six-year-low-fed-stance-cut-bond-appeal

Thank you @cpng for your regular updates.

@MainBesar

I believe KLCI will track RM movement this week. If RM weakness continue will prompt more hedging hence can be critical to the market in short term.

Looking at the current trend and coming events like Fed interest rate hike, 1MDB issue & crude oil prices are 3 main factors that trigger the direction of the market.

Stock To Watch
CAB @ 1.08 TP 1.29 by Kenanga
CAB-WA @ 0.71
The earnings growth is to be driven by:
(i) the new acquisition of Singapore-based Tong Huat Poultry Processing Factory Pte Ltd, and
(ii) expansion of existing farms in Juru, Penang and Padang Meha, Kedah.
As such, its monthly capacity is set to reach 5m birds by this year-end from 3.6m birds currently.

In addition, CAB has been acquiring parcels of lands mainly in Mainland Penang more than 20 years ago with the purpose for farming expansion. However, these lands are no longer suitable for farming activities as there are close to housing estates, which may cause environment issue. As such, there is potential of value unlocking for these landbank in the future, either by sale of land or property development via JV.
http://klse.i3investor.com/blogs/kenangaresearch/71803.jsp

The Fed might knock these Asian currencies

As the U.S. dollar looks set to continue its reign over global currency markets, some of Asia's emerging market currencies are more at risk than others, analysts say. 

"Fear of the Federal Reserve is too big a risk in the near term. Strong employment data or indications from the Fed that rate hikes are imminent might push Asian currencies lower," according to a Societe Generale note published on Thursday.

http://www.cnbc.com/id/102482580

@abang duit.....yes ecb started printing money.....a lot of duit will flow here....hehehe

@tsy88, you are warmly welcome & feel free to post your comment or anything you wanna share here. As for Stock To Watch, it's more of a random pick whenever there are interesting stocks.

wow wow, Priva now very hot.....@ 0.25 uncharted territory....cheers!!!

ECB to begin QE stimulus programme

FRANKFURT: The European Central Bank on Monday is set to begin its long-awaited 1.1 trillion euro ($1.2 trillion) quantitative easing programme to stimulate growth and ward off deflation across the eurozone.

The programme calls for the eurozone central bank to buy around 60 billion euros of public and private bonds each month – a policy it will apply until at least September 2016.

The move comes as traditional efforts to boost sluggish economic activity in the 19-nation eurozone have been exhausted through rate cuts that have brought borrowing costs to nearly zero.

The policy known as quantitative easing or QE is also being adopted as the eurozone faces a growing risk of deflation, which can lead consumers to put off purchases in the expectation that prices will drop further.

This can in turn put the brakes on production and job creation.

The strategy behind the ECB’s QE programme is similar to that of earlier schemes introduced by the US Federal Reserve and the Bank of England to pump money into the economy with massive purchases of government bonds, aiming to foster easier credit and spur economic activity.

Under QE, a central bank creates money electronically and uses it to buy the debt that countries issue to pay their bills. That pushes down interest rates on bonds and other financial assets, making it cheaper for companies to borrow and invest, increasing spending and employment.
http://www.nst.com.my/node/75542?m=1

Brahim' to buy The Chicken Rice Shop?

Sources say Brahim's is in talks to acquire a local F&B business, TCRS Restaurants Sdn Bhd - the owner & operator of The Chicken Rice Shop, Sweet Chat & Dubu-Dubu in Malaysia. TCRS is also the co-owner of Pancake House International.

Details of the plan, such as pricing, remained sketchy as at last Friday as the two parties have yet to reach a deal. "Brahim's is likely to acquire a stake in TCRS, not all of it," a source tells The Edge - The Edge Malaysia dated March 9,2015

Stock To Watch
Opcom @ 0.725
Opcom share price was up 0.115 from 0.61 to 0.725 in 2 days.

What's brewing? Boom if able to win TM Fibre Optic contract & bane if fail?

Telekom Malaysia (TM) clinched a contract to develop and construct a new submarine cable system known as Sistem Kabel Rakyat 1Malayisa (SKR1M) from the Malaysian Communications and Multimedia Commission (MCMC). In a filing with Bursa Malaysia yesterday, TM said the contract was awarded via open tender and will be implemented through a public-private partnership (PPP) arrangement between MCMC and TM using the Universal Services Provision Fund, which is under the purview of MCMC. "SKR1M will serve to enhance the existing domestic submarine cable connectivity among Peninsular Malaysia, Sabah and Sarawak, thus catering for future bandwidth growth requirement,.
which StarBiz estimated was worth RM720mil, was positive for the company." 

"The project will take around 2.5 years to complete and will include laying of submarine cable system connecting Peninsular Malaysia, Sarawak & Sabah and setting up six cable landing stations (Mersing, Kuching, Bintulu, Miri, Kota Kinabalu and Cherating."

Good everning butter_will_fly, long time no see....r u from the popular chocolate ship passenger? Welcome & have a fruitful trading day tomorrow ......cheers!!!

TA4U - CUP AND HANDLE

DEFINITION OF 'CUP AND HANDLE' 

A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.  

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off. 

INVESTOPEDIA EXPLAINS 'CUP AND HANDLE' 

A couple points on trying to detect cup and handles: Length - Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be too deep. Also, avoid handles which are too deep since the handles should form in the top half of the cup pattern. Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high. Retest (of old high) - doesn't have touch or come within a few ticks of old high. However, the further the top of the handle is away from the highs, the more significant the breakout needs to be. 

Below link is an example of a cup & handle chart pattern : 
http://www.investopedia.com/terms/c/cupandhandle.asp

China's February exports surge, topping forecasts

China's exports surged 48.3 percent on year in February, sharply above analysts' forecasts, potentially signalling stronger economic growth for its trade partners.

Imports fell 20.5 percent for the period, according to data from China's customs department. A Reuters poll had forecast exports would rise 14.2 percent and imports would fall 10 percent.

For January and February combined -- a common metric to help smooth distortions from the Lunar New Year holiday period -- exports rose 15 percent from a year earlier, while imports declined 20.2 percent.

"The demand from the advanced economies bodes well," ANZ said in a note Sunday, citing data showing shipments to the U.S. and European Union rose 40.3 percent and 36.6 percent on-year respectively. 

http://www.cnbc.com/id/102486138

@MainBesar, expert says it's bullish but i will be cautious due to the big dropped in Dow of 278 points on Friday. 

BURSA: KL Shares Likely To Rebound 
by Azlee Nor Mahmud 

KUALA LUMPUR -- Bursa Malaysia’s key benchmark index, FTSE Bursa Malaysia KLCI (FBM KLCI), is likely to rebound next week, driven by Bank Negara Malaysia’s (BNM) accommodative policy decision and bullish external outlook. Head of retail research at Affin Hwang Investment Bank, Datuk Dr Nazri Khan, said despite the false starts last week, the FBM KLCI should find support at 1,800 and trend higher, tracking upswings on Wall Street and Europe as well as Asian regional indices. 

“On the domestic front, Bursa Malaysia lagged the regional market but the Malaysian economic policy picture should attract more foreign funds inflow. “This is true following BNM’s decision to leave the Overnight Policy Rate unchanged at 3.25 per cent for the fifth time,” he told Bernama. 

Nazri said despite heavy profit-taking near its 200-day moving average, the short-term uptrend, however, remained intact with the FBM KLCI still holding above the 20- and 50-day moving average near 1,800 support level. “The next areas of resistance are pegged at 1,830 and 1,850 while support should come at 1,780 and 1,760 levels. “Chart-wise, the FBM KLCI has formed a bullish daily ‘Doji Star’ candlestick, which indicates a mild reversal at 1,800 support level,” he said. Weekly turnover increased to 11.34 billion units worth RM11 billion from 10.45 billion units worth RM10.62 billion last week. Main market volume rose to 6.29 billion shares valued at RM10.15 billion from 5.91 billion shares valued at RM9.80 billion previously - Bernama

Teo Seng allocates RM200mil to grow capacity

Teo Seng, an integrated chicken egg player, producing a three million eggs a day, is among the largest in the country, and has set an ambitious growth target.

It also enjoys among the highest profit margins in the industry. For example, it achieved a 12.8% net profit margin for the financial year ended Dec 31, 2014, among the highest of all poultry players for that year.

Leong Hup executive director Tan Sri Francis Lau and Nam point out that the company’s operational efficiency and cost prudence have kept the company ahead of the game.

As an integrated player, Teo Seng has its own in-house feedmill to cater to its needs.

It also has a geographical advantage because its farms in Johor are close to Singapore where most of the exports go to.

The company exports 25% to 30% of its production.

http://www.thestar.com.my/Business/Business-News/2015/03/07/Teo-Seng-allocates-RM200mil-to-grow-capacity/?style=biz

Hibiscus plans to drill five wells

Meanwhile, drilling works have already started in one of its assets in Norway under the licence PL338C, which is operated by Lundin Petroleum Norway AS in the North Sea. Hibiscus has a 30% participating interest in PL338C, which it acquired less than a week ago.

By June, Hibiscus says, drilling works will start in two other oil wells in Norway – PL591 and PL616, in which the company has participating interests of 25% and 5%, respectively – as well as its Australian asset called Sea Lion, in which it has a stake of 75%. And by November, drilling works will begin in another oil well licenced in Norway, PL708, in which Hibiscus has a participating interest of 10%.

http://www.thestar.com.my/Business/Business-News/2015/03/07/Hibiscus-plans-to-drill-five-wells/?style=biz

After five years, European company earnings to overtake U.S.

Earnings growth at European companies is expected to overtake that of U.S. peers for the first time since 2010 thanks to cheaper oil, euro weakness that aids competitiveness and a generally brighter economic backdrop.

The resurgence of confidence in Europe is likely to prompt more switching out of U.S. shares — which look less attractive as the stronger dollar hurts export-oriented firms — and boost European indexes that have already scaled multi-year highs.

http://www.theedgemarkets.com/my/article/after-five-years-european-company-earnings-overtake-us

Duit means money.....so money coming to this thread....everyone ong & huat.....hehehe

Apple to be included in Dow Jones Industrial Average, replacing AT&T.

Interesting comments by steady31

Stock: [EVERGRN]: EVERGREEN FIBREBOARD BHD

 Mar 6, 2015 11:51 AM | Report Abuse 

ppl didn't notice the co would have 40m annually of free cashflow to pay 6-7sen dividend having paid down 300m term loan used for the nilai plant buy.This plus the rosy forward market for its products make it a tantalising stock to own and hold.hence the renewed interest for this stk.

Stock: [EVERGRN]: EVERGREEN FIBREBOARD BHD

 Mar 5, 2015 01:20 PM | Report Abuse 

Q4 profit largely from thai unit as Malaysian units are under major upgrade.when production returns to normal, Malaysian units should be able to outperform its thai units and profit would likely double and that would justify a higher price at least 1.50

Thank you Duit for visiting. You are always welcome. Yes.....money is coming.....;-)

The property sector is expected to be flat this year, bogged down by buyers’ ‘wait-and-see’ attitude towards the implementation of the Goods and Services Tax against a backdrop of a weakening ringgit.

http://www.nst.com.my/node/75267?m=1