European stocks shrug off Wall Street's slide, led higher by banks
Friday, 26 September 2014 19:53
PARIS (Sept 26): European stocks rose on Friday, shrugging off declines on Wall Street, with euro zone banks leading the gains on expectations they will be the big winners in the European Central Bank's drive to stave off deflation.

Spain's Banco Santander rose 0.8 percent, Italy's Intesa SanPaolo gained 1.6 percent and BNP Paribas added 1 percent. The STOXX euro zone banking index gained 0.6 percent, the top sector across Europe.

Investors increasingly expect euro zone banking stocks to rally in coming months as the ECB steps up efforts to support the region's economy. The central bank announced more stimulus measures earlier this month, including purchases of asset-backed debt, in addition cheap loans to banks announced earlier.

Type Announcement
Subject MULTIPLE PROPOSALS
Description DAYA MATERIALS BERHAD (“DMB” OR “COMPANY”)

(I) PROPOSED ACQUISITION OF “SIEM DAYA 1”
(II) PROPOSED ACQUISITION OF “SIEM DAYA 2”
(III) PROPOSED PLACEMENT
(IV) PROPOSED RIGHTS ISSUE
(V) PROPOSED BONDS ISSUE
(VI) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1750377

#US Stocks* Futures edge up after sell off; GDP on tap
Friday, 26 September 2014 19:58
NEW YORK (Sept 26): U.S. stock index futures were inching higher on Friday after major indexes suffered their biggest drop since July, ahead of data on economic growth and consumer optimism.

KUALA LUMPUR: Malaysian palm oil futures stretched gains into a third day on Thursday to touch their highest in more than six weeks, buoyed by robust demand and expectations that output would drop this month.........my inputs not necessary related to Suma (i am holding substantial units) as a retiree nothing to do, i wish to highlight in this forum for some of you who r working n no time to read, my inputs/findings maybe valuable as a whole for other stocks as well.Dont forget if Index moves some penny stocks move by 0.005ct to 0.01 ct can get some pocket money....some say i am a CNN reporter but those crooks r making millions...!

Oil prices rise on geopolitical concerns
Friday, September 26, 2014 - 16:59
SINGAPORE: Oil prices were mixed in Asia Friday as dealers focused on conflict-wracked Ukraine and US-led airstrikes against jihadists in the Middle East, analysts said.

Since my inputs r not being appreciated therefore i wish to stay in d sidelines n listen what u great guys have to say...have a great weekend.

Vietnam's Jan-Sept crude oil exports rise 9.7 pct y/y-govt
Friday, 26 September 2014 16:25
HANOI (Sept 26): Vietnam's crude oil exports in the first nine months of this year would rise 9.7 percent from a year ago, to an estimated 6.80 million tonnes or 183,000 barrels per day (bpd), the government said on Friday.

Oil product imports in the January-September period jumped 20.0 percent from the same period last year to an estimated 6.56 million tonnes, the report said.

Vietnam also imported an estimated 687,000 tonnes of liquefied petroleum gas in the first nine months, up 39.5 percent from the same time in 2013, the report said.

What i can see is major global correction.."what goes up must come down" otherwise markets will crash n this correction was expected n IBFM r buying n no complain from them n this happening globally. We r left with Oct/Nov/Dec....Dec school n Christmas holidays, i feel foreign funds may come in Oct/Nov....d way i look at d market...just my opinion.

KUALA LUMPUR: Daya Materials Bhd said it has received an offer letter from Datuk Lim Thean Shiang to subscribe to 100 million placement shares at 26.5 sen each, amounting to a total of RM26.5 million.

In a filing with Bursa Malaysia yesterday, Daya Materials said the issue price represents a discount of 2.78 sen or 9.49% to the five-day volume weighted average market price up to and including Sept 24 of 29.28 sen, being the last trading day prior to the offer date. Lim is an independent non-executive director of MSM Malaysia Holdings Bhd and formerly the executive chairman of PKFZ Sdn Bhd.

Basing on inputs Klci may be up although Dow is down but buying interest is going on now so nothing is lost, matter of time foreign funds will be surging into our country...d way i look at it.

KUALA LUMPUR: Malaysian palm oil futures stretched gains into a third day on Thursday to touch their highest in more than six weeks, buoyed by robust demand and expectations that output would drop this month.

"The rising dollar is a concern, as it could be a headwind for large corporate earnings, but the market looks a lot more attractive than it did just a few days ago," said John Schmitz, portfolio manager at Bahl & Gaynor in Cincinnati. "The selloff could offer an opportunity."

However, it is seen necessary for the benchmark index to pull above the 1,845 level in order to attract more buying participations. The overhead resistance zone is between 1,853 and 1,860. Indicator wise, the MACD is still below the 9-day moving average line.

The analysis of overall market action on 25 Sep 2014 revealed that buying power was stronger than selling pressure.

As such, the FBM KLCI would likely trade above the 1,843.11 level on 26 Sep 2014.

CPO climbs for second straight day
Friday, September 26, 2014 - 00:07
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives climbed for a second consecutive day to close higher yesterday on continued buying interest, a dealer said.

I belief so?

KUALA LUMPUR (Sept 25): Daya Materials Bhd said it has received an offer letter from Datuk Lim Thean Shiang offering to subscribe for 100 million placement shares at 26.5 sen each, amounting to a total of RM26.5 million.

In a filing with Bursa Malaysia, Daya Materials said the issue price represents a discount of 2.78 sen or 9.49% to the five-day volume weighted average market price up to and including Sept 24 of 29.28 sen, being the last trading day prior to the offer date.

KUALA LUMPUR: The outlook for Malaysia's economy over the next six months seems steady, with the July Leading Index up from a year ago.

Type Announcement
Subject MULTIPLE PROPOSALS
Description DAYA MATERIALS BERHAD (“DMB” OR “COMPANY”)

(I) PROPOSED ACQUISITION OF “SIEM DAYA 1”
(II) PROPOSED ACQUISITION OF “SIEM DAYA 2”
(III) PROPOSED PLACEMENT
(IV) PROPOSED RIGHTS ISSUE
(V) PROPOSED BONDS ISSUE
(VI) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1749033

1 hours ago
KUALA LUMPUR: The FBM KLCI closed firmer on Thursday backed by gains in KL Kepong and BAT as investors sentiments were positive after the dollar hit a four-year high.

At 5pm, the KLCI closed up 3.03 points to 1,843.11. Turnover was 2.399 billion shares valued at RM1.849bil.

http://www.nst.com.my/node/37153

What is wrong with DickyMe1?

(Sept 25): Thai stocks rose to their highest in 16 months on Thursday as the country's economic growth prospects and foreign buying boosted sentiment while other Southeast Asian markets traded mixed.

Outlook for palm oil looks bearish becoz price is cynical in nature n fluctuates up n down.The question here is purely supply n demand.Major catastrophes not possible becoz biodiesel on track n any excess palm oil will be absorbed.What is required now is good agricultural practises n no compromise on quality management.All oil palm growers, they should aim for the highest yields in the country.UP is getting about 25mt others 20mt n below.People in this industry should change their mindset,keep aside d so called policies n strive hard to get d best yield.There should always a "check n balance" besides managers wanting best perks plus a hand sum bonus of 10 mths.If they can't get d yield do they deserve such benefits. Sometimes back i read in d newspaper Malaysians in general lack professionalism becoz they take care of everybody n forget d shareholders. The main reason for GLC oil palm plantation to merge was to reduce expenditure so able to give a good dividend n i also remember reading in d media of 50% dividend n we do not see this materialising n reason due to low yield.As a free lance writer although if price drops can be absorbed by biodiesel but if price don't improve say for complete one financial year then d company will run into red n possible catastrophes. Please try to look for info on rubber stock pile release by US in d 1960s' lead to crash of rubber prices hence land were fragmented by foreigners n sold by foreign owned companies. The difference between rubber n palm oil, rubber can be stored whereas palm oil cannot becoz storage increase d acidity n not suitable for consumption.I have been working 40yrs in d plantation n i know is happening n d yield can be increased if d companies r COMMITTED. ...once d whiteman planter in his speech of motivation concluded by saying, the best manure for the field are "Managers Footprints"..I hereby call upon d planters to be on d DOUBLE.

TOKYO (Sept 25): Japan's Nikkei share average rose after U.S. shares rebounded overnight on a strong economic indicator, while continuing yen weakness buoyed exporters such as Toyota Motor Corp and Panasonic Corp.

The Nikkei share average rose 1.1 percent to 16,336.44 in mid-morning trade, just an inch away from its seven-year high of 16,364.08 marked last week.

Very difficult for non bumi to buy ASN shares always full.

ASB for bumi 8% + bonus shares for non bumi lately about 6.60% no bonus shares but still considered excellent cheers to ASN management team..keep up your good work.

Asian Development Bank revises Malaysian economy growth projection upwards
25 SEPTEMBER 2014 @ 12:03 PM

KUALA LUMPUR: The Asian Development Bank has revised upwards its growth projections for the Malaysian economy for 2014 and 2015.

M’sia comes out top in Asean economic performance
September 25, 2014
Najib assures government's commitment towards people's economy.

SC: ‘Malaysian capital mart strong enough’
Posted on September 25, 2014, Thursday
KUALA LUMPUR: The Malaysian capital market is strong enough to weather the volatility as it has shown its resilience against the external hiccups, Securities Commission chairman Datuk Ranjit Ajit Singh said.

Britain to join airstrikes against Islamic State in Iraq, says Cameron.........I think crude oil price soon going up n HS waiting for timing to strike.

Last Q red, now although they got TRS but don't forget hv to take bank loan to buy d contract..unless d next Q should be positive otherwise?...if Iris going to fell trees to plant oil palm then gone case, abundant palm oil in d market. Earlier they said discussing tt MB now they r silent n never mentioned they hv to borrow money to buy TRS....Dir is a con man but he has made many millions...we r scape goat...i sold mine wt small profit n bot Suma n already making $$$$$$$$$$$..

Next Q is in March 15....

1 SUMATEC 1000

#Global Marlets* Asia cheered by Wall St rebound, dollar resumes advance

#Global Marlets* Asia cheered by Wall St rebound, dollar resumes advance

#Global Marlets* Asia cheered by Wall St rebound, dollar resumes advance

Wooing US investors
By FRANCIS - Wednesday, 24 September 2014.
HIGH-POWERED MEETINGS: Najib targets global fund managers with US$9tril o WORLD MARKETS f assets under their care

NEW YORK: U.S. stocks jumped in a broad advance on Wednesday, with the S&P 500 snapping a three-day losing streak and climbing back above a key technical level in a move that pointed to improving near-term momentum.

NEW YORK: U.S. stocks jumped in a broad advance on Wednesday, with the S&P 500 snapping a three-day losing streak and climbing back above a key technical level in a move that pointed to improving near-term momentum.

NEW YORK: U.S. stocks jumped in a broad advance on Wednesday, with the S&P 500 snapping a three-day losing streak and climbing back above a key technical level in a move that pointed to improving near-term momentum.

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, fuelled by optimism that robust export demand amid easing palm production in September would help curb a rise in stockpiles in the world's second-largest grower.

Global markets on d rise may act as a catalyst for our index to move up!

Banking sector strengthened, Dow very good n Suma chart shows top pick...

1 SUMATEC 1000
2 IRIS 807
3 GLOTEC 593
4 DSONIC 419
5 IFCAMSC 402
6 PMETAL 398
7 NEXGRAM 378
8 KSL 340
9 SHL 337
10 CENSOF 317

Dow Jones 17,210.06 +154.19 0.90%
Nasdaq 4,555.22 +46.53 1.03%

RESILIENT: Financial mart able to ride out volatile global conditions says Zeti

THE Malaysian financial market has shown resilience to volatile conditions in the global market, placing the economy on a steady growth path, said Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz.

She said any consolidation exercise in the banking sector would not affect the stability of the financial system.

The central bank has been undertaking stress tests since 2000 but the banking sector has exhibited its strength.

“We are very confident with the state of our banking system at this point,” Zeti said after the launch of the Financial Services Professional Board yesterday.

Malaysia has developed its financial market, in particular the bond market, that can absorb global hiccups, she added.

By RUPA DAMODARAN - Wednesday, September 24, 2014 - 14:46
KUALA LUMPUR: Financial services industry regulators Bank Negara Malaysia and the Securities Commission Malaysia announced the setting up of the Financial Services Professional Board (FSPB) to raise the bar of professional and ethical standards.........@ Ring this is a move in d right direction making our Klci strong n hence foreigners will have more confidence in our market n as usual d funds that left d country may be pouring in again n after bull run they r going to pull d funds out but our Klci is well protected.Etp is well in place n PM right now is wooing foreign investment so all looks positive n palm oil price also uptrend....lets wait n see.

KUALA LUMPUR (Sept 24): Abric Bhd has proposed to sell its entire core business of production of electronic security seals to UK-based ESNT International Ltd for RM146 million cash on a cash-free, debt-free basis, effectively turning Abric into a cash-rich shell company.

Once the divestment has been approved and completed, which is planned to take place in the fourth quarter of this year, Abric plans to distribute a special dividend of 30 sen per share, which is about 41% of its stock price of 73.5 sen at today’s close.

“The board (of Abric) believes that the proposed disposal provides an opportunity for Abric to unlock the value of its investments in the disposal companies at a reasonable price… Abric is expected to record a gain on disposal of RM63.9 million,” the company explained the disposal’s rationale in a Bursa Malaysia filing today.

Abric said it is planning to sell the entire equity interests of the units of its wholly-owned subsidiary Abric Worldwide Sdn Bhd to ESNT.

The latter will also purchase the remaining 40% stake it did not own in subsidiary Abric Eastern International Ltd (AEIL) to facilitate the disposal for THB113 million.

ESNT’s offer of RM146 million will then deduct the unaudited net debt of Abric’s subsidiaries for sale of RM8.9 million.

“The disposal consideration was arrived at on a negotiated ‘willing-buyer, willing-seller’ basis after taking into consideration the historical earnings before interest, tax, depreciation and amortisation (EBITDA) of the disposal companies for the financial year ended Dec 31, 2013 and their earnings potential,” Abric said.

Abric stated the disposed companies’ proforma profit after tax was RM1.8 million, while EBITDA was RM10.4 million and net assets RM63 million. Its total original cost of investment for the companies was RM63 million.

Abric intends to distribute up to RM44.6 million from the sale proceeds to shareholders, assuming all the 49.53 million outstanding warrants as at Jul 18 are fully exercised.

“The board is still deliberating on plans for the utilisation of the proceeds from the proposed disposal (apart from the special dividend and purchase of the 40% of AEIL),” said Abric.

The company intends to maintain its listing status, it said. After disposing of its core business, Abric said it may be classified as a “cash company” within the Practice Note 16 of the listing requirements. It might also be deemed a Practice Note 17 company on grounds of “affected listed issuer”.

Abric said it expects to be well-positioned to pursue acquisition opportunities with its disposal gain of RM63.9 million.

Abric, which was trading in the 30 sen-band before May, closed half a sen lower today at 73.5 sen, with 628,900 shares traded. Its market capitalisation was 71.81 million.