http://www.thestar.com.my/business/business-news/2017/01/31/mieco-to-gain-from-high-demand-prices-of-chipboard/

Mieco is in the same industry as Heveaboard. This bullish news for Mieco should apply to Hevea right?

you can use this macquarie warrant calculator to get the fair value
https://www.malaysiawarrants.com.my/tools?sp=dwcalculator&ric=CWKL_ts.KL

the bad news have already been priced in ...u can see the RSI < 30. Do read the latest updates:

http://www.benzinga.com/analyst-ratings/analyst-color/15/05/5467762/is-aluminum-on-the-rebound

Investors have been selling Press Metal Bhd’s shares in recent months amid fears of an aluminium glut. Its share price fell from RM3.60 in September to RM2.98 on May 14. However, the company’s fortunes have taken a turn for the better and it faces a happy problem – it can’t cope with rising demand for its aluminium products. Its plant is running at full capacity and it is ramping up production.

Press Metal, Southeast Asia’s largest primary aluminium producer, also posted a solid set of results for FY14 and looks set to enjoy a further upside in a price upcycle.

Though investors had been dumping its shares, group CEO Datuk Paul Koon Poh Keong remains undeterred and wants to carry on with a RM5.5 bil expansion plan. This will help Press Metal make its mark on the world stage not only as the largest aluminium smelter in the region but also one of the biggest in the world.

Once contribution from the new capacity kicks in next year, Press Metal is likely to breach RM6 bil in revenue, assuming aluminium prices remain at current levels.


For the full story, please subscribe to Focus Malaysia.
- See more at: http://focusmalaysia.my/Mainstream/Press%20Metal%20ups%20the%20ante#sthash.Dqc2FKIQ.dpuf

http://www.thestar.com.my/Business/Business-News/2015/05/05/Sarawak-business-community-welcomes-lower-power-tariffs/?style=biz

For industrial consumers, he said about 980 of them would enjoy a 4% to 40% reduction

has the news about lower power tariffs for all from April15 in Sarawak been priced in ? PMetal smelter is in Sarawak.

http://www.theborneopost.com/2015/03/03/lower-power-tariffs-for-all-from-april/

there is more good news coming....better to hold longer. Once PN17 uplifted, big fund managers have mandate to invest and more research analysts coverage. read on what CEO is saying from

http://www.theedgemalaysia.com/business-news/303696-stocks-to-watch-sumatec-pdz-marco-globaltec-klk-ioi-corp.html

The Edge Daily

KUALA LUMPUR (August 20): Based on news flows and corporate announcements today, stocks that may be in focus tomorrow (Aug 21) may include:

Sumatec Resources Bhd fell 27.9% today to close at 44 sen, having dropped 17 sen from its five-year high of 61 sen yesterday, as investors took profit after the stock’s strong rally since early July when it was traded at around 32 sen.

Its CEO Chris Dalton told The Edge Financial Daily this evening that the company was not concerned on the stock’s plunge, citing that the sell down today could be due to market volatility.

“With our second financial quarter results to be announced by the end of August after the board meeting, we expect to proceed on applying for PN17 upliftment as per planned,” he said.

Sumatec was the second most actively traded stock on Bursa Malaysia today with 739.2 million shares changing hands.

another major shareholder just bought via married deal 2.5m shares at 42c on 13.2.14
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1539009

Insiders are bullish on upcoming quarter results. This is a signal to accumulate
13Feb - 2,5m bought
7Feb- 2.5m bought
23Jan - 3m bought

BUSINESS

Petronas delays RM60 billion petrochemical project to 2018
JULY 30, 2013
LATEST UPDATE: JULY 30, 2013 06:54 PM

Petronas will start up a refinery within its $19 billion (about RM60 billion) petrochemical complex in Malaysia at end 2017, the company told Reuters today, signalling a delay in the country's largest-ever infrastructure project.

Petronas said in a statement that the remaining plants within the Refinery and Petrochemical Integrated Development (RAPID) complex will be commissioned in 2018.

Previously local media had cited Petronas CEO Shamsul Azhar Abbas as saying the start date for phase one of the RAPID project had been pushed back to early 2017.

"The Final Investment Decision (FID) date for RAPID project has been rescheduled to March 2014 from June 2013," Petronas said in a statement released to Reuters, citing external factors beyond its control.

"As a result of the revised FID date, the RAPID refinery is scheduled to be ready for start-up in Q4 2017 and the remaining plants within the complex is scheduled to be commissioned in 2018," it said.

The decision to postpone the FID date to March 2014 hit the shares of local mid-sized oil and gas services companies, and analysts said the latest delay could weigh on firms like SapuraKencana and Wah Seong.

With oil and gas making up a fifth of GDP, this latest delay in the project - one of the main thrusts of Prime Minister Datuk Seri Najib Razak's Economic Transformation Programme aimed at doubling Malaysians' incomes by 2020 - could slow down the economy.

Petronas unveiled the RAPID project in May last year. The plan was to construct a 300,000 barrel per day refinery, which would supply naptha and liquid petroluem gas to the chemical plants and produce gasoline and diesel for European markets.

France's Technip was awarded the front end engineering and design (FEED) contract, which was slated for completion in the second quarter of 2013. The financial value of the job was never disclosed.

Contracts for the engineering, procurement and construction jobs have yet to be awarded, although preparation work for the site started on Oct 18.

The contracts for the refinery are expected to be awarded by end of this year. - July 30, 2013

does this mean Pengerang project is unlikely to take off in the near future?

Published on FZ : Malaysia News - General, Political, National, Business, World (http://www.fz.com)
Home > In the Chinese Press: Kuokuang scraps Pengerang project, report says
In the Chinese Press: Kuokuang scraps Pengerang project, report says


Nation
by Chan Wei See



KUALA LUMPUR (July 23): Three vernacular papers today quoted a Taiwanese newspaper as saying, Taiwan Kuokuang Petrochemical Technology has scrapped its NT400 billion (RM42.5 billion) investment plan in Pengerang, Johor.

Sin Chew Daily, Oriental Daily News and China Press cited a report by Taiwan's Commercial Times which said Kuokuang – a subsidiary of state-owned oil refinery corporation Chinese Petroleum Corp (CPC) – dropped the investment plan after a professional assessment.

The Taiwan daily quoted a source as saying the success of shale gas exploitation in United States caused a radical change in the industrial structure of naphtha cracking.

After considering a "professional" assessment, Kuokuang was of the view that the overseas investment plan using naphtha as raw material was uneconomic, the report said, thus deciding to scrap the Pengerang plan, in a May 6 meeting.

Commercial Times had also quoted a politician as saying Malaysia warned Taiwan on failure to respond to a land leasing application before the end of July will result in the land being passed to a Singaporean petrochemical investment project, and negotiations on the bilateral Free Trade Agreement (FTA) between Malaysia and Taiwan may be affected.

The Taiwanese newspaper found something amiss that Malaysia was rarely mentioned during the Taiwanese Ministry of Economic Affairs' review on its FTA negotiations with Asean countries recently, wondering if it had anything to do with the latest development on Kuokuang investment plan in Pengerang.

Kuokuang had signed a Letter of Intent on land investment with the Johor state government in July 2012. The document stated that the Taiwanese firm should submit its land leasing application by August 1, 2013 and failing to do so was tantamount to giving up (the project).

Commercial Times was made to understand that the investment plan will not be revived as CPC and other major shareholders of Kuokuang do not intend to invest funds amounting NT6 to NT7 billion before Aug 1, for land leasing purposes.

In addition to this, using ethane in shale gas as the raw material for ethylene is far more cost-saving than using traditional raw material naphtha (saving USD300 to USD400 per metric tonne – almost half of the cost of using naphtha). Kuokuang's major shareholders were discouraged in going forward with its investment plan in Malaysia and have shown more interest in investing in US.