Interesting info of BORNOIL:
==========================

Business activity = Fastfood (Sugar Bun and Pezzo Pizza), Mining in gold (not in O&G), Integrated Limestone Processing Plant and others.

Profit in the last 2 quarters.

Cash Balance Vs Borrowing = RM27.6 mil Vs RM15.4 mil, so is net cash (per audited year 2019).

Share buy back todate = 218 mil (or 4.1%) retained in Treasury.

Major shareholders = related to big group - Hap Seng Group !

NTA = RM0.130 (share closing price is only RM0.035).


Happy Investing Everyone !
Rich Dad: Money Don't Grow on Tree.

Hello Bornoil...

Happy Investing Everyone!
Rich Dad: Money Don't Grow on Trees.

Gold gains as US dollar dips, US-China trade tensions escalate

http://www.theedgemarkets.com/article/gold-gains-us-dollar-dips-uschina-trade-tensions-escalate

MACD line is Golden Crossover above the signal line too indicating remain bullish.

http://www.theedgemarkets.com/article/hibiscus-focus-project-execution-2h2018

KUALA LUMPUR (Mar 1): Having achieved eight consecutive quarters of profitability now, oil and gas (O&G) exploration and production player Hibiscus Petroleum Bhd said it will remain focused on project execution for the remainder of the year.

“I think this is a year for both the big and small O&G companies, but more actively in project execution, as while the oil prices are up, the services rates are still relatively low,” its managing director Kenneth Pereira told reporters after its extraordinary general meeting here today.

For the remaining of the 2018, the group said today it will be cautious on mergers and acquisition (M&A) while remaining focused on the execution of its projects within geographical areas it currently has presence in.

Hibiscus is currently in the midst of concluding its North Sabah asset acquisition by end of the month, barring any unforeseen circumstances.

"I will not talk about its earnings, but we hope that, barring any unforeseen circumstances, [the deal] will completed by March 31 this year. All the necessary papers have been signed between ourselves, Petronas, and Shell," said its chairman Zainul Rahim Mohd Zain.

The group also is planning for the commencement of the drilling of a well for its Anasuria cluster concession off the United Kingdom North Sea this May, which Pereira said will bring “material effects” on results of the project starting next financial year.

By the end of this year, combined production for both its Anasuria cluster — excluding the new well — and the North Sabah asset — given timely completion the acquisition — is expected to be between the range of 8,000 and 9,000 barrels per day.

At noon break, shares in Hibiscus stood three sen or 3.21% higher at 96.5 sen with 40.53 million shares traded, valuing the group at a a market capitalisation of RM1.53 billion.

Exciting 1 March..

Info: Revised TP RM1.08.

https://www.nst.com.my/business/2018/02/337913/publicinvest-backs-hibiscus-long-term-prospects-initiatives-boost-output

By NST Business - February 22, 2018 @ 12:00pm
KUALA LUMPUR: PublicInvest Research remains positive over Hibiscus Petroleum Bhd’s long-term prospects given its ongoing initiatives to constantly increase production levels in enhancing shareholders value.

In a note today, PublicInvest said while it believed the completion of Hibiscus’ North Sabah deal is on hand, it is now only accounting for a quarter’s contribution from the asset, resulting in financial year 2018 forecasts being lowered by 49.9 per cent but which will have no effect on its valuations.

“We understand the accounting treatment post-completion of the North Sabah deal would be akin to the Anasuria acquisition, in which a relatively large negative goodwill amount could be recorded,” it said.

For the second quarter (Q2) ended December 31, 2017, Hibiscus’ net profit increased to RM11.04 million from RM10.66 million recorded in the previous corresponding period.

Quarterly revenue increased from RM62.83 million in Q2 2017 to RM76.01 million registered in the current quarter, mainly attributed to the higher average realised oil price of US$62.93 per barrel in the current quarter versus US$51.54 per barrel, previously.

The company announced on February 7, 2017 that it planned to increase the Anasuria Cluster production by 5,000 barrels of oil per day by 2020 with the GUA-P2 side-track drilling.

PublicInvest said the period under review saw the completions of offshore turnaround of the Anasuria FPSO (floating production storage and offloading) and the GUA-P4 gas lift project.

It said based on these progresses, production rate is anticipated to improve to 350 barrels per day net to Anasuria Hibiscus (UK) Ltd from 60 barrels per day, which equates to 10 per cent increase in production, ensuring depletion of the field is arrested.

Hibiscus also recently announced that its UK joint operating company Anasuria Operating Co Ltd (AOCL) had contracted a sixth generation semi-submersible rig to drill the Guillemot-A, GUA-P2 side-track into the Forties or Fulmar reservoirs.

PublicInvest said the drilling of this side-track is part of the group’s strategy to enhance production from the Anasuria Cluster to a volume of 5,000 barrels per day by financial year 2020.

“This project is also anticipated to realise net proved and probable (2P) reserves of 1.01 million barrels, potentially enhancing valuations of the group further.

“Incremental contributions are already anticipated from July 2018 onwards upon completion of this exercise,” it said.

Besides that, PublicInvest said it is positive over Hibiscus’ impending acquisition of a 50 per cent participating interest in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract from Sabah Shell Petroleum Co Ltd and Shell Sabah Selatan Sdn Bhd.

“We continue to be excited over this impending acquisition, though we acknowledge this has mostly priced-in at current levels.

“Nevertheless, the entitlement of an additional 6,000 barrels per day production (at the minimum) from these North Sabah operations net to Hibiscus is expected to aggregate about 9,500 barrels per day production for the Group.

“Additionally, North Sabah will provide immense opportunities to increase the Group’s production rate as there is access to 62 million barrels of 2P oil reserves and 79 million barrels of 2C contingent resources,” it said.

PublicInvest has reaffirmed its “outperform” stance on Hibiscus with a revised target price of RM1.08 from RM1.06 previously.

http://www.theborneopost.com/2018/02/22/hibiscus-petroleums-adjusted-1h18-profit-after-tax-rises-125-per-cent/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5638913

Bornoil buy back 30.9 million shares at 9 sen.

Look like undervalued and company continue to buy back.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5635257

Major shareholder acquired additional 26.3 million shares.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5607745

Employee exercised 28 million ESOS at 9 sen/share which is almost the same as current market price. Something is brewing?

The Board of Directors of D.B.E. Gurney Resources Berhad (“DBE” or “Company”) wishes to announce that D.B.E. Poultry Sdn Bhd, a wholly-owned subsidiary of the Company, had on 19 October 2017, formed a joint venture arrangement with Ong Chooi Ping, to subscribe for 400 new ordinary shares at RM1.00 each in Super Harumi Sdn Bhd, for a total consideration of RM400.00 only (“Proposed Subscription”).

Further details of the Proposed Subscription are set out in the attachment herein.



This announcement is dated 19 October 2017.

AsianPac owned a jewel property in Kota Kinabalu known as Imago with near full occupancy carpark business plus other ongoing property developments in Klang Valley and Sabah. Profitable for the past many quarters.

Share price now 18 sen is undervalued against current NTA of 90 sen makes it potential target.

Happy Investing Everyone!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5560681

Shares buy back, share price undervalued?

KUALA LUMPUR: Asia Bioenergy
image: https://cdn.thestar.com.my/Themes/img/chart.png

Technologies Bhd (AsiaBio) is proposing a cash call to raise as much as RM81.4mil mainly for investment purposes.

The technology incubator told Bursa Malaysia that it planned a renounceable rights issue of up to 1.16 billion new irredeemable convertible preference shares (ICPS) together with 116.32 million free detachable warrants.

Ten ICPS and a free warrant will be issued for every five existing ordinary shares held in AsiaBio on an entitlement date to be determined.

The issue price of the ICPS and exercise price of the warrants will be decided by the board at a later date.

The 10-year ICPS, which will not pay any dividend, may be converted into new fully-paid shares on any market day from their issue date, subject to a minimum of one ICPS and a maximum of two for every new share.

Based on an illustrative issue price of 7 sen per ICPS, AsiaBio will raise between RM10mil and RM81.42mil.

Under the maximum scenario, the company will allocate RM8.99mil and RM8.25mil to invest in the ICPS of energy efficiency device maker Focus Dynamics Group Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

and the rights shares of renewable energy provider Vsolar Group Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

, respectively.

It will set aside RM56.18mil to invest in companies listed or to be listed on Bursa Malaysia’s new Leading Entrepreneur Accelerator Platform Market and/or incubatees to be identified.

The proposed rights issue is expected to be completed by the first quarter of 2018.

AsiaBio’s two biggest shareholders are CPE Growth Capital Ltd, which is owned by Hong Kong-based Adamas Finance Asia Ltd, and Pelaburan Mara Bhd.

Read more at http://www.thestar.com.my/business/business-news/2017/08/11/asiobio-to-raise-up-to-rm81pt4mil-via-rights-issue/#5QMHhuhrx1Ri8lvq.99

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5554429

Asiabio's biggest shareholder acquire more shares.

https://www.google.com/amp/www.theborneopost.com/2017/09/18/sugarbun-optimistic-on-pairing-fb-with-esports/amp/#ampshare=http://www.theborneopost.com/2017/09/18/sugarbun-optimistic-on-pairing-fb-with-esports/

KUALA LUMPUR (Sept 12): DBE Gurney Resources Bhd is considering selling three poultry products — leg meat yakitori, gizzard yakitori and tail yakitori, sourced from Japan-based GDJ Co Ltd — to generate potential sales of around RM10 million.

Famous in Japan, yakitori are grilled chicken skewers made from bite-sized pieces of meat from various parts of the chicken, such as the breasts, thighs, skin, liver and other innards. It is usually made to order and cooked over charcoal.

DBE Gurney’s plan to source the three Yakitori products was formalised after it inked a Memorandum of Understanding with GDJ today, a trading firm controlled by its director Toshikuni Nozawa.

“Both parties will strive to enter into a formal supplier agreement once the terms and conditions are finalised,” DBE Gurney said in a
filing with Bursa Malaysia today.

Once both parties ink a definitive supplier agreement later, the plan to sell the three poultry products is expected to generate approximately RM10 million in turnover with an “assured margin” for the next financial year ending Dec 31, 2017, DBE Gurney said.

“This augurs well with DBE Gurney’s intention to increase its market share locally and sustain its business competitiveness,” the Perak-based poultry firm added.

DBE Gurney said its board of directors, having considered all aspects under the MoU, are of the opinion that the plan to source the three
poultry products is in its best interest.

It is worth noting that DBE Gurney is also supplying poultry products to KFC (Peninsular Malaysia) Sdn Bhd and QSR Stores Sdn Bhd, the operator of KFC restaurants chain in the peninsula.

Listed on the Main Market since February 2004, shares in DBE Gurney dropped 0.5 sen or 14.29% to close at 3 sen today, valuing the poultry processor at a market capitalisation of RM41.4 million.

http://www.theedgemarkets.com/article/dbe-gurney-says-three-new-poultry-products-generate-rm10mil-potential-revenue

The Board of Directors of D.B.E. Gurney Resources Berhad wishes to announce that its wholly-owned subsidiary, D.B.E. Poultry Sdn Bhd (“DBE Poultry”) has on 12 September 2017 entered into a Memorandum of Understanding ("MOU") with G.D.J. Co. Ltd. ("GDJ"), a company incorporated in Japan for the supply of poultry products to GDJ.

Please refer to the attachment for further details of the MOU.



This announcement is dated 12 September 2017.

DBE's NTA is RM0.06 per share. Current price is undervalue.

BORNOIL is GOLD

Monthly gold production and inventory for the past 12 months.

Month Year - Production of Gold Dore / Inventory (Spot Trade XAU):

Aug 2016 - 4.46 kg / 668 kg
Sep 2016 - 3.71 kg / 1032 kg
Oct 2016 - 4.84 kg / 836 kg
Nov 2016 - 2.76 kg / 1394 kg
Dec 2016 - 2.76 kg / 1521 kg
Jan 2017 - 2.25 kg / 1366 kg
Feb 2017 - 1.23 kg / 1353 kg
Mar 2017 - 2.04 kg / 1415 kg
Apr 2017 - 2.78 kg / 1418 kg
May 2017 - 3.53 kg / 1760 kg
June 2017 - 3.56 kg / 2052 kg
July 2017 - 4.20 kg / 2426 kg

Bornoil shares is backed by Gold and the gold price is at high level.


Happy Investing Everyone!

BORNOIL is GOLD

Monthly gold production and inventory for the past 12 months.

Month Year - Production of Gold Dore / Inventory (Spot Trade XAU):

Aug 2016 - 4.46 kg / 668 kg
Sep 2016 - 3.71 kg / 1032 kg
Oct 2016 - 4.84 kg / 836 kg
Nov 2016 - 2.76 kg / 1394 kg
Dec 2016 - 2.76 kg / 1521 kg
Jan 2017 - 2.25 kg / 1366 kg
Feb 2017 - 1.23 kg / 1353 kg
Mar 2017 - 2.04 kg / 1415 kg
Apr 2017 - 2.78 kg / 1418 kg
May 2017 - 3.53 kg / 1760 kg
June 2017 - 3.56 kg / 2052 kg
July 2017 - 4.20 kg / 2426 kg

Bornoil shares is backed by Gold and the gold price is near highest level.


Happy Investing Everyone!

On behalf of the Board of Directors of ABT, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:-

(i) proposed renounceable rights issue of up to 1,163,208,800 new irredeemable convertible preference shares in ABT (“ICPS”) together with up to 116,320,880 free detachable warrants in ABT (“Warrants B”) on the basis of 10 ICPS together with 1 free Warrant B for every 5 existing ordinary shares in ABT (“ABT Shares” or “Shares”) held by the entitled shareholders on an entitlement date to be determined (“Proposed Rights Issue of ICPS with Warrants”);

(ii) proposed amendments to the Constitution / Memorandum and Articles of Association of the Company (“Proposed Constitution Amendments”); and

(iii) proposed amendments to the bylaws governing the existing share issuance scheme of ABT (“Proposed Bylaws Amendments”)

(collectively referred to as the “Proposals”).

Please refer to the attached document for further details on the Proposals.

This announcement is dated 11 August 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5513185

BORNOIL IS GOLD

Monthly gold production and inventory for the past 12 months.

Month - Production of Gold Dore / Inventory (Spot Trade XAU):

June 2016 - 4.00 kg / 561 kg
July 2016 - 4.08 kg / 917 kg
Aug 2016 - 4.46 kg / 668 kg
Sep 2016 - 3.71 kg / 1032 kg
Oct 2016 - 4.84 kg / 836 kg
Nov 2016 - 2.76 kg / 1394 kg
Dec 2016 - 2.76 kg / 1521 kg
Jan 2017 - 2.25 kg / 1366 kg
Feb 2017 - 1.23 kg / 1353 kg
Mar 2017 - 2.04 kg / 1415 kg
Apr 2017 - 2.78 kg / 1418 kg
May 2017 - 3.53 kg / 1760 kg

Bornoil shares is back by GOLD.


Happy Investing Everyone!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5475273

Pursuant to paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors (“the Board”) of D.B.E. Gurney Resources Berhad wishes to announce on a valuation exercise undertaken on the following land and buildings (“said Assets”), all belonging to its wholly-owned subsidiary, D.B.E. Poultry Sdn Bhd by an independent qualified valuer namely Jordan Lee & Jaafar Sdn Bhd for a total valuation figure of Ringgit Malaysia Fifty-Nine Million Three Hundred Thousand (RM59,300,000) Only (“the said Valuation”);

Please refer to the attachment for further details of the said Valuation.

This announcement is dated 30 June 2017.



Revaluation Surplus:
The revaluation of the said Assets thereon resulted in a gross surplus of RM26,193,955. The impact of
deferred tax at 24% amounted to RM5,713,348. Therefore, the net revaluation surplus is RM20,480,608
which will be credited into the Revaluation Reserve.


Effect on Net Assets per Share:
Based on the audited financial year ended 31 December 2016 on proforma basis, the revaluation has
resulted in net assets per share of the Group to increase to RM0.07 per share from RM0.06 per share.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5463433

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5444785

Kindly be advised that ASIAPAC's 99,256,461 ICULS and 198,512,922 Warrants issued pursuant to the Rights Issue of ICULS with Warrants will be admitted to the Official List of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the listing of and quotation for the ICULS and Warrants on the Main Market of Bursa Securities, will be granted with effect from 9.00 a.m., Wednesday, 31 May 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5443605

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5441253

Continue to show profit, the biz plan starts to bear fruits.


Happy Investing everyone!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5437161

On behalf of the Board of Directors of Asian Pac (“Board”), Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that as at the closing of the acceptance, excess application and payment for the Rights Issue of ICULS with Warrants at 5.00 p.m. on 17 May 2017, the total valid acceptances and excess applications received for the ICULS were RM105,519,760 ICULS, representing an oversubscription of RM6,263,299 ICULS or approximately 6.31% over the total of up to RM99,256,461 ICULS available for subscription under the Rights Issue of ICULS with Warrants.

OVERSUBSCRIBED!

Target price RM0.200, RM0.220
Last closing price RM0.185
Potential return 8.1%, 18.9%
Support RM0.180
Stop Loss RM0.165
Possible for further upside. ASIAPAC’s share price picked up on an uptrend after undergoing correction phase. Both bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to the next resistance levels of RM0.200 and RM0.220.

However, failure to hold at support level of RM0.180 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 16 May 2017

http://www.theedgemarkets.com/article/asian-pac-unveils-fortune-centra-kepong-official-launch-weekend

Asian Pac unveils Fortune Centra in Kepong, official launch this weekend
=========================================================

KUALA LUMPUR (May 18): Asian Pac Holdings Bhd has unveiled Fortune Centra, its latest development in Kepong, Kuala Lumpur, at a media launch today. The serviced apartment project will be officially launched this weekend on May 20 (Saturday).

Sitting on a three-acre leasehold site along Jalan Metro Perdana 6 in Kepong, Fortune Centra has a gross development value (GDV) of RM326 million. It will consist of 462 serviced apartments that will be housed in three multi-level residential towers and 19 double-storey retail shops.

Asian Pac executive director Dr Raymond Yu Tat Loong said at the unveiling ceremony today that the project has just been certified as a green building.

He added that the developer plans to hold on to the retail units, to increase the value of the project.

“We believe that as it is within walking distance away from the project to AEON Big and the Mass Rapid Transit 2 station, and many other amenities, the project will create value for its residents,” said Yu.

The built-ups for the serviced apartment units will range between 775 sq ft and 1,357 sq ft, while selling prices will range from RM490 psf to RM700 psf.

Facilities at Fortune Centra include a maze garden, herb garden, gyms, swimming pools, cabana, yoga deck, gourmet kitchen and reflexology path.

The project is expected to be completed by 2020 and is already about 82% taken up since its soft launch in January, according to Asian Pac managing director Datuk Mustapha Buang.

“This is not our first property development in Kepong. All of our projects here have been very well-received. Our buyers are very happy as our products are very good investments,” he said.

On its upcoming developments, Mustapha said the developer is looking to launch a condominium project in Damansara Damai by the end of this year.

“The GDV of this 6.5-acre project is about RM300 million. It will have 520 condo units with large built-ups, hence they will be like semi-detached and bungalow units in the sky, as we like to call it,” he said.

Yu added that the developer will continue to differentiate itself via its upcoming project in Damansara Damai.

"Just like what we are bringing to Kepong this time with Fortune Centra, our project in Damansara Damai will be something uncommon in the area," he said, adding that Asian Pac is doing "something similar" in Sabah, but declined to reveal more details.

http://www.theedgemarkets.com/article/netx-partners-chinas-edo-provide-online-payment-services-ewallet

Asiabio is one of the major shareholder in Netx.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5399325

We refer to the Company’s announcement dated 17 April 2017 in relation to the Proposed Share Consolidation.

On behalf of the Board, Mercury Securities wishes to announce that the application in relation to the Proposed Share Consolidation has been submitted to Bursa Securities today.

This announcement is dated 18 April 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5398101

SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY") PROPOSED SHARE CONSOLIDATION

http://www.theedgemarkets.com/my/article/gold-hits-5-month-high-safe-haven-demand-after-us-strikes-syria


Gold hits 5-month high on safe-haven demand after US strikes Syria

Agreed with satha44.

Something is not right, similar to Pump and Dump.

Hope SC to investigate ACP to improve public confidence.


Happy Investing Everyone!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5375437


ADVANCE CAPITAL PARTNERS PTE LTD disposed again and now its share is below 5%, subsequent disposal will not be announced and we would not know...

Wonder why ACP do this again and again, who is the owner or people behind ACP?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5373397

The Proposals has been submitted to Bursa Malaysia Securities Berhad.


It may not be in time to go above 0.20 or 0.25 or 0.30
If Cum-bonus price is 0.20, the Ex-price is down to only 0.13
With over 2 billions new bonus shares flush the market, how high it can go?



Happy Investing Everyone!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5373353

Today, again disposing....

Earlier, ADVANCE CAPITAL PARTNERS PTE LTD convert its RCN to Ordinary Shares to become substantial shareholder("PUMP" process) and starts disposing almost everyday ("DUMP" process).

Who is acquiring from ADVANCE CAPITAL PARTNERS PTE LTD?



Happy Investing Everyone!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5373353

Soon its shareholding will below 5% again and again (it reported many times) and no need to disclose to Bursa. This had going on for many months if you check Bursa announcement. It just like the Pump & Dump.

http://www.thestar.com.my/business/business-news/2017/03/22/cimb-to-enable-alipay-mobile-wallet-in-malaysia/

Parkson will benefit and its sales will increase.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5370889

See who is disposing / selling DBE shares again and again ...

http://www.theedgemarkets.com/my/article/dbe-gets-new-substantial-shareholder#

D.B.E. gets new substantial shareholder
==================================

KUALA LUMPUR (March 20): Singapore-based Advance Capital Partners Pte Ltd has become a substantial shareholder of D.B.E. Gurney Resources Bhd after Advance Capital increased its D.B.E. stake to 6.15%.

Poultry entity D.B.E. said fund-management firm Advance Capital acquired an additional 35.71 million D.B.E. shares last Tuesday (March 14) following conversion of redeemable convertible notes or bonds issued by D.B.E.

Following the bond conversion, Advance Capital owns 73.66 million shares representing 6.15% of D.B.E.'s issued share base.

At Bursa Malaysia today, D.B.E. shares rose 0.5 sen or 14% at 12:30pm to settle at four sen for a market value of RM47.88 million. The eighth most-active stock on Bursa Malaysia saw some 69 million shares traded.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5366077


Dato' Ding sold ALL his DBE-warrants in Jan 2017 (not long after listing of free warrant), what investors are waiting for?


Happy Investing Everyone!
Rich Dad: Money Don't Grows on Tree.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5367041

The detail plan is out subject to approval.

http://www.nst.com.my/news/2017/03/220587/asia-bioenergy-set-one-stop-hub


Asia Bioenergy to set up one-stop hub
===============================


KUALA LUMPUR: Asia Bioenergy Technologies Bhd is venturing further into the oil and gas (O&G) sector with plans to set up an integrated one-stop chemical blending hub and centralised common user warehouse in Bintulu, Sarawak.

“The integrated centre will fully support oilfield chemical service providers like Baker Hughes, Halliburton Company and Schlumberger Oilfield Services as well as users in Sabah and Sarawak,” said Asia Bioenergy executive director Steve Tan.

“This will be a full-fledged O&G industry-compliant chemical blending and warehousing facility, the first in Sabah and Sarawak,” he added.

The centre will be set up through subsidiary AsiaBio Petroleum Sdn Bhd (ABP), in collaboration with ACME Chemicals (M) Sdn Bhd, a specialty chemical company with in-house expertise and formulation capabilities, and Sejahtera Bumisama Sdn Bhd.

The latter is a Sabah-based, Petroliam Nasional Bhd (Petronas)-registered company licensed to supply products and services to exploration and O&G companies in Malaysia.

Asia Bioenergy will manage and operate the facilities, as well as offer and promote blending services, decanting and warehousing services, custom-formulated chemical products and additives, and common chemicals and solvents to O&G contractors and operators in Sabah and Sarawak that would otherwise be sourced from Singapore.

“We will also support chemical sourcing, blending and warehousing services to upstream service providers.

“In Malaysia, the market for the production chemical category alone is worth RM110 million to RM130 million a year,” said Tan.

ABP operations head David Chuah said the partnership with ACME and Sejahtera Bumisama combined the specialised capabilities of each party.

In time, this will allow ABP to expand its business and product offerings in the O&G segment.

The venture is expected to be licence-based, with profit-sharing ratios to be mutually agreed upon.

“This one-stop chemical blending and warehousing facility in Bintulu targets the under-served market in Sabah, Sarawak and Brunei.

“This initiative is aimed at curbing rising costs faced by the O&G industry by acting as a hub-and-spoke point for all chemical contractors, providing cost-competitive logistics in line with the objectives of Petronas’s Coral Reduction Alliance programme,” said Chuah.

He added that Bintulu had the necessary infrastructure and ancillary services to support the venture.

“We are positive this will bring economic and social benefits to Bintulu, which has been designated as the new supply base operation for Petronas Carigali Sdn Bhd’s Sarawak O&G assets.”

The integrated centre is set to reduce operating expenditure by eliminating double-handling in operational activities, optimise use of resources, reduce procurement and contracting costs and eliminate capital expenditure on chemical contracts issued by Petronas and its production sharing contractors.

http://www.thestar.com.my/business/business-news/2017/03/09/gold-suffers-worst-run-since-october-as-slide-below-us$1200-looms/

GAME CHANGER FOR DBE GURNEY RESOURCES BHD ?
================================================


By OOI TEE CHING - March 6, 2017 @ 11:00am

KUALA LUMPUR: DBE Gurney Resources Bhd sees brighter pros-pects in the Year of the Rooster as it opens more HARUMi fastfood outlets in Klang Valley, following a solid presence in Perak.


“DBE Gurney is diversifying downstream. We want to transform ourselves into a food and beverage group to reap better valuation,” said group managing director Datuk Alex Ding Seng Huat.

“We are aiming for higher profit margins from the business of just farming and processing live poultry. We’re moving up the value chain from just being a farmer to become a more service-oriented business entity,” he told NST Business in an interview, here.

In April last year, DBE Gurney signed a partnership agreement with a group of Taiwanese investors. HARUMi, Malaysia’s halal-certified local fried chicken brand, is born out of the collaboration to offer licensing opportunities for young entrepreneurs in the food and beverage industry.

So far, this downstream venture has helped DBE Gurney get back into the black after reporting losses for 12 years. Last year, DBE Gurney posted a RM250,000 net profit compared with a RM10.75 million loss in 2015. This was on the back of a 5.5 per cent drop in revenue to RM112.98 million, from RM119.55 million in 2015.

Ding said the Taiwanese investors in HARUMi planned to buy a key stake in DBE Gurney within two years.

Asked if HARUMi was in direct competition with Kentucky Fried Chicken (KFC), Ding said its business relationship with the giant continued to be cordial.

Kentucky Fried Chicken (M) Sdn Bhd (KFCM), KFC (Peninsular Malaysia) Sdn Bhd and QSR Stores Sdn Bhd renewed a fresh cut poultry supply contract recently with DBE Gurney for its outlets in Perak and Selangor estimated at RM50 million.

KFCM and KFC (Peninsular Malaysia) are subsidiaries of KFC Holdings (M) Bhd, which in turn is owned by QSR Brands (M) Holdings Sdn Bhd.

“HARUMi’s business model is quite different from KFC. We have a variety of point of sales from restaurants, express outlets, food trucks to kiosks,” said Ding.

“Also, HARUMi restaurants are not in shopping malls. They are located at more affordable sites where college and university students tend to cluster,” he said.

Asked if the Year of the Rooster would give impetus for HARUMi’s expansion plans, Ding said: “Malaysia is one of the world’s highest poultry consumers at 42kg per capita per year. Malaysians love poultry. We can eat chicken for breakfast, lunch and dinner.”

DBE Gurney’s processing centre in Perak is able to pack 1.5 million chicken cuts per month.

“In the longer term, we hope to replicate HARUMi in Indonesia, Brunei, Thailand, Myanmar,
China and in Taiwan, too,” said Ding.

DBE Gurney operates a 114,000-tonne-per-year feedmill and a 60,000-bird-per-day slaughter house in Sitiawan.

The group has six breeder farms with a capacity of 100,000 birds per year, 11 broiler farms that can supply 10 million birds per year, and a hatchery with six sets of incubators that can produce 12 million eggs a year.

LATEST NEWS, CORPORATE WORLD
Precious Metals Gold hits three-month high as Fed dampens rate hike expectations
By Reuters / Reuters | February 24, 2017 : 1:00 AM MYT


LONDON (Feb 23): Gold prices hit a three-month high on Thursday after the minutes of the latest Federal Reserve policy meeting further dampened expectations of an interest rate hike in March, lowering US bond yields and stalling upward momentum in the dollar.

Spot gold was on track for its biggest daily gain since Feb 6, rising 0.9 percent by 1611 GMT to US$1,249.05 an ounce, its highest since Nov 11. US gold futures rose 1.3 percent to UA$1,250.

"The dollar's backed off, bond yields have backed off, and that's given a bit of support for gold," said Robin Bhar at Societe Generale. A weaker dollar makes gold cheaper for holders of other currencies, while lower yields reduce the opportunity cost of holding non-yielding bullion. Higher interest rates would lift yields.

Gold had been trapped in a range of around US$1,220-US$1,240 since early February, with unease over the European and US political outlook supporting demand for bullion as a safe haven while the prospect of rising interest rates kept a lid on gains.

Thomson Reuters technical analyst Wang Tao said gold was likely to break above this trading band, which could give it upward momentum.

"A push above US$1,240-US$1,245 will be required to entice fresh interest," Sam Laughlin at MKS PAMP said in a note.

The move higher could however be derailed if US stocks continue their rally, enticing investment away from gold, said Jonathan Butler at Misubishi.

"This may in hindsight look like a one-day wonder," he said.

Investors were looking ahead to an address by US President Donald Trump to Congress on Feb 28.

"Currencies, the bond market, gold, will all take their cue from what he says on Tuesday," Bhar said.

More details on promised government spending, infrastructure investment or tax cuts would likely push the dollar and US asset prices higher and gold lower.

"Should Trump become the feared 'unguided missile', which we still believe is unlikely, safe-haven demand would increase even more," Julius Baer analyst Carsten Menke said in a note.