Yes.....price increase controlled by sharks????

Type of transaction Date of change
No of securities
Price Transacted (RM)
Epf Acquired Skpetro shares on 22/01/2015
11,114,900
.........Why EPF buying O&G shares?

EXECUTION OF A TEAMING AGREEMENT BETWEEN IRIS CORPORATION BHD (“THE COMPANY”) AND TECHNOLOGY PARK MALAYSIA CORPORATION SDN. BHD. (“TPM”) TO ESTABLISH A JOINT VENTURE FOR THE PROPOSED RESIDENTIAL DEVELOPMENT IN PHASE 3, TPM FOR AN ESTIMATED INVESTMENT SUM OF RINGGIT MALAYSIA ONE HUNDRED AND THIRTY MILLION.(RM130,000.000)

Getting closer to start d project as currently going through d legal process n may take about 3 months on d final administrative procedures.

https://www.markettrendsignal.com/emc/emc25.php

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1863013

Benalec gets DOE's approval for the reclamation of 3,485 acres of land at Tanjung Piai, southern Johor

KUALA LUMPUR (Jan 27): The FBM KLCI gained 6.73 points or 0.37% to settle at 1,803.17 as oil and gas (O&G), and plantation shares rose on reports that crude oil prices could have bottomed out.

The KLCI settled at 1,803.17 at 5pm on gains in O&G stocks like Petronas Dagangan Bhd and Petronas Chemicals Bhd ( Financial Dashboard), besides plantation entities Felda Global Ventures Bhd ( Financial Dashboard) and PPB Group Bhd ( Financial Dashboard).

“Gains in blue chip O&G counters like Petronas Dagangan and Petronas Chemicals had supported the index’s rise today,” Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com

No idea!

Crude price??????????!!!!!!!!!!

ASIA BIOENERGY TECH BHD
Last Price Today's Change Day's Range Trading Volume
0.21 +0.02 (10.53%) 0.195 - 0.225 57,622,700

The Board of Directors of ASIABIO wishes to announce that the Company has on 27 January 2015 entered into a Heads of Agreement (“HOA”) with Hoe Leong Corporation Ltd. (“HLCL”), Sumatec Resources Berhad (“SRB”) and Reachmont Logistics Sdn Bhd (“RLSB”) (collectively referred to as “Parties”) in relation to a series of transactions which will ultimately facilitate the acquisitions of SSSB and SMSB by Asiabio (“Proposed Transactions”).

http://www.bloomberg.com/quote/ECON:MK

Oil pared losses in New York and London after OPEC Secretary-General Abdalla El-Badri said insufficient investment could push prices to $200 a barrel.

Oil pared losses in New York and London after OPEC Secretary-General Abdalla El-Badri said insufficient investment could push prices to $200 a barrel.

Oil pared losses in New York and London after OPEC Secretary-General Abdalla El-Badri said insufficient investment could push prices to $200 a barrel.

http://www.reuters.com/article/2015/01/26/us-markets-oil-idUSKBN0KZ05G20150126

How will King Abdullah's death affect Yemen, ISIS, oil prices? - Twitchy
twitchy.com/.../hard-to-imagine-worse-time-how-will-king-abdullahs-death...
4 days ago - The new Saudi king Salman has been diagnosed with Alzheimer's disease and at many times cannot ... crisis. hard to imagine worse time given oil price, #Isis, Yemen. — Richard N. Haass (@RichardHaass) January 22, 2015 ...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1862093

We r just tiny fries here.

I feel Bursa approval for RI hv to coincide with with OPEC meeting so lets keep our finger crossed.

Saudi also feeling d pain of low price.O&G players r hoping this game may end in June when OPEC meets next.HS is surrounded by tycoons n they r all supporting d price from going below 20.O&G counters cannot collapse worst M&A.

http://sumatec.irplc.com/announcement.htm?NewsID=201501263000290&Symbol=1201

Dont forget upon issuance of warrants, mother share will be adjusted downwards but can anybody say why Xinghe dropped from 30 to 7cts....while fundamentally compony is strong???

KUCHING: Mergers and acquisitions (M&As) will continue to dominate the local market, say analysts at M&A Securities Sdn Bhd (M&A Securities) following the government’s plan to go ahead with the implementation of the Goods and Services Tax (GST).

“2015 will be a period of consolidation following the government’s bold plan to go ahead with GST implementation,” the firm said in a note.

I nothing to do so do some casting!!!!!!

Ppl may shy away from oil stocks so attention will be on other stocks so why run????

The present King survived a stroke so will he allowed to think or his children may over rule him becoz low oil price is also pain full for Saudis best US/Saudi sit n talk n strike a deal becoz some countries like Venezuela may not hv food on d table.All having terrorist mind.

But Naimi's stance has been controversial among some members of the Saudi royal family. After all, the country needs oil prices at around $80 per barrel or so to balance its budget. Citigroup recently predicted that the Saudis may soon have to cut back on government spending — spending that had been put in place to tamp down on unrest after the Arab Spring. And, while the kingdom has built up $750 billion in foreign reserves to finance any deficits for now, the whole situation makes some Saudis nervous.

"The big fear, or let's say the big disaster, is that the ministry will continue withdrawing from the state financial reserves until they are totally depleted as was the case long time ago, when we were forced to borrow from abroad," wrote Prince Al Waleed bin Talal, a member of the royal family, in a letter in January. Likewise, one of Abdullah's (many) sons, an assistant minister for petroleum affairs, was reportedly not a fan of the decision to keep output high.

But through it all, King Abdullah stood behind Naimi — and his policy to maintain Saudi output. Which raises the question: What happens now that Abdullah is gone?

http://www.thestar.com.my/Business/Investing/2015/01/22/AmResearch-maintains-Buy-on-Econpile/?style=biz

DUBAI (Jan 23): Saudi Arabia's new king is expected to focus economic policy on creating jobs and multi-billion dollar infrastructure projects to prevent tumbling oil prices from causing social tensions or undermining business confidence.

King Salman, who took the throne in the early hours of Friday after the death of his brother King Abdullah, inherits an economy that faces its biggest challenge since the global financial crisis in 2009.

The world's top oil exporter relies on hydrocarbons for 90 percent of its state revenues, but oil's slide is slashing that income. The government has projected a record $38.7 billion budget deficit for 2015 and if Brent crude stays around $50 a barrel, the shortfall will be much bigger.

The new king must juggle that fiscal picture with pressure to bring down the unemployment rate - which was 11.8 percent last year, according to official data - as he manages the political transition in the months ahead.

Emad Mostaque, strategist at Ecstrat, an emerging markets consultancy, said Salman would face pressure to ensure public support with state sector wage increases and other populist steps.

DUBAI (Jan 23): Saudi Arabia's new king is expected to focus economic policy on creating jobs and multi-billion dollar infrastructure projects to prevent tumbling oil prices from causing social tensions or undermining business confidence.

King Salman, who took the throne in the early hours of Friday after the death of his brother King Abdullah, inherits an economy that faces its biggest challenge since the global financial crisis in 2009.

The world's top oil exporter relies on hydrocarbons for 90 percent of its state revenues, but oil's slide is slashing that income. The government has projected a record $38.7 billion budget deficit for 2015 and if Brent crude stays around $50 a barrel, the shortfall will be much bigger.

The new king must juggle that fiscal picture with pressure to bring down the unemployment rate - which was 11.8 percent last year, according to official data - as he manages the political transition in the months ahead.

Emad Mostaque, strategist at Ecstrat, an emerging markets consultancy, said Salman would face pressure to ensure public support with state sector wage increases and other populist steps.

Some countries who r net importers of oil econmy is recovering well n Greece could be one!

http://www.themalaysianinsider.com/business/article/bursa-malaysia-likely-to-rebound-next-week

http://www.themalaysianinsider.com/business/article/bursa-malaysia-likely-to-rebound-next-week

http://www.themalaysianinsider.com/business/article/bursa-malaysia-likely-to-rebound-next-week

http://www.theedgemarkets.com/my/article/malaysia-continue-attract-inflows-sound-fundamentals-says-citibank

http://www.theedgemarkets.com/my/article/update-oil-jumps-saudi-kings-death-feeds-market-uncertainty

http://klse.i3investor.com/servlets/ptres/27727.jsp

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1860201

Most senior members of the ruling al-Saud family are thought to favour similar positions on foreign and energy policy, but incoming kings have traditionally chosen to appoint new ministers to head top ministries like oil and finance.

In a country where the big ministries are dominated by royals, successive kings have kept the oil portfolio reserved for commoners and insisted on maintaining substantial spare output capacity to help reduce market volatility.......Reuters

Crude oil prices bounced after Saudi Arabia announced that King Abdullah had died and his successor, Salman, moved quickly to name his own heir to rule the world's biggest oil exporter. US crude rose 85 cents to US$47.16 a barrel.

23/01/2015 PANTECH 0.745 0.84 +0.095 (12.75%) HOLD RHB-OSK

Those bot @ 18 r selling..not surprising.

Fund Mgrs playing on ppl sentiment same thing happened to a fundamentally strong Co like Mitra...trade at yr own risk?

http://www.reuters.com/finance/stocks/ECOH.KL/key-developments

ECONBHD 1.40 BUY AMMB

Cannot break may come down for now!

SINGAPORE: Oil prices jumped in Asian trading on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.

SINGAPORE: Oil prices jumped in Asian trading on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.