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2017-04-06 18:25 | Report Abuse
KUALA LUMPUR -- Malaysia is turning up the emphasis on e-commerce in its efforts to establish itself as a global hub for halal products.
The Southeast Asian country expects exports of halal products, both food and non-food items, to exceed 50 billion ringgit ($11 billion) annually by 2020, up from 39.3 billion ringgit in 2016.
"The industry should also adapt to the growing dynamism of globalization, e-commerce and the changing megatrends," said Deputy Prime Minister Ahmad Zahid Hamidi on Wednesday at an annual halal fair in Kuala Lumpur.
For the first time, market movers like China's Alibaba.com, a unit of Alibaba Group Holding, are attending the Malaysia International Halal Showcase, which is in its 14th year promoting goods and services consumed by the Muslims.
Malaysia has identified the halal industry as a major economic growth engine. In 2015, it contributed 7.5% to gross national product. The target for 2020 is 8.7%.
The government is also keen to tap opportunities arising from China's One Belt One Road initiative to promote cross-border trade and investment. There are about 30 million Muslims in China, and the halal market there is growing at 10% annually.
"Halal is high on the agenda when it comes to collaboration among governments," said Hamidi. One examples is Malaysia offering halal assistance to Japan as it prepares for the 2020 Olympic Games in Tokyo.
Malaysian halal exports are dominated by food and beverages, but demand for non-food items such as palm oil derivatives and cosmetics are on the rise. According to official statistics, China, Japan, Indonesia, and the U.S. are among major buyers of these products.
By engaging the marketplace more effectively, the government wants to help small enterprises reach out globally. Companies in Malaysia receive government subsidies to advertise on Alibaba.com, which offers a business-to-business trading platform for millions of products from 190 countries.
Homegrown players such as Aladdin Street.com and Zilzar.com are also competing for the global halal market, which is expected to grow to $3.7 trillion in 2019. It was valued at $2.3 trillion in 2015.
2017-04-06 11:40 | Report Abuse
http://m.thesundaily.my/node/425260
Buy on dips.
2017-04-05 23:53 | Report Abuse
During the tabling of Budget 2017, Prime Minister Datuk Seri Najib Abdul Razak announced the setting up of a special fund of up to RM3 billion to invest in potential small and medium-cap companies, besides conducting research on 300 companies.
http://m.thesundaily.my/node/432428
RCE Capital is a government-linked company. They are likely to buy the stock.
2017-04-05 23:48 | Report Abuse
The company operates through three segments: Loan Financing Services; Investment Holding and Management Services; and Factoring, Confirming and Industrial Hire Purchase. It offers personal financing solutions primarily for government employees; and factoring, industrial hire purchase, and confirming services to small and medium-sized enterprises primarily involved in trading, construction, and manufacturing activities. The company also provides information technology services, financial administrative services, and debt management services, as well as trades in securities.
2017-04-05 23:08 | Report Abuse
I have already sold the stock as tech/construction stocks were more appealing to me. I may come back later when tech stocks get too expensive.
2017-04-05 23:05 | Report Abuse
I have already sold the stock as i expected the stock would be bounded in a range for some time. Currently Tech/construction stocks have strong momentum.
2017-04-05 22:22 | Report Abuse
Construction stocks have strong momentum. Today 24 construction stocks out of 32 consolidated. The stock is likely to continue consolidating. Look at semiconductor stocks! TPs analysts provided are very useless.
2017-04-05 21:59 | Report Abuse
Today 24 construction stocks out of 32 consolidated! You should continue holding construction stocks! You should not miss a big chance.
2017-04-05 21:46 | Report Abuse
Its time to buy oil and gas stocks now. Today 23 oil and gas stocks out of 27 consolidated. Of course DNEX is a good buy.
2017-04-05 21:34 | Report Abuse
Just imagine the stock price will move up to RM 1.00 this year. Then, the current price is very low.
2017-04-05 21:27 | Report Abuse
The stock is likely to surge near future.
2017-04-05 21:10 | Report Abuse
The stock is likely to surge soon. Dont sell it now.
2017-04-05 21:07 | Report Abuse
Construction stocks are good to hold now. Gadang is likely to consolidate more!
2017-04-05 20:56 | Report Abuse
In terms of P/E, earnings in the last quarter is unknown. But the current price is justified with boosted earnings in the last quarter.
2017-04-05 20:02 | Report Abuse
The stock is likely to consolidate more. BUY!
2017-04-05 20:01 | Report Abuse
FBM KLCI falls as institutional investors buy Bursa small caps http://www.theedgemarkets.com/my/article/fbm-klci-falls-institutional-investors-buy-bursa-small-caps
2017-04-05 19:54 | Report Abuse
Heavy rotational play among lower liners and penny stocks http://www.thestar.com.my/business/business-news/2017/04/05/heavy-rotational-play-among-lower-liners-and-penny-stocks/
2017-04-05 19:36 | Report Abuse
Morgan Stanley cautious on Indonesia's high-flying stock market http://www.thestar.com.my/business/business-news/2017/04/05/morgan-stanley-cautious-on-indonesia-high-flying-stock-market/
2017-04-05 18:39 | Report Abuse
http://www.sinchew.com.my/node/1630438/加厘岛最大地主.森那美主要赢家
http://www.sinchew.com.my/node/1630435/开发海洋城.购槟港口51.mmc港口资产添魅力
http://www.sinchew.com.my/node/1630202/mmc、森那美、印度企业合作开发凯利岛海洋城
2017-04-05 14:10 | Report Abuse
Malaysia's Febuary exports jump 26.5% as China imports grow http://www.thestar.com.my/business/business-news/2017/04/05/malaysia-febuary-exports-jump-26pct-as-china-imports-grow/
2017-04-05 11:54 | Report Abuse
MMC corporation is a good stock as well.
2017-04-05 11:46 | Report Abuse
https://klse.i3investor.com/jsp/pt.jsp
TP 2.8 and 2.98
2017-04-04 23:32 | Report Abuse
Not only JHM but also some tech stocks have been performing very well recently. You should not judge if the stock price is high or not. The market will judge it for you
2017-04-04 18:47 | Report Abuse
Today SAPURA ENERGY shares surged. Time to buy oil-liked shares including DNEX.
2017-04-04 11:57 | Report Abuse
It is a good time to collect value stocks. They are very cheap now!
2017-04-04 11:51 | Report Abuse
Be patient. As soon as tech stocks get expensive, value stock like Tguan will start being bought.
2017-04-04 11:45 | Report Abuse
There is no problem with the stock, but there are plenty of fish in the sea, so investors are trying to catch other fish in other sectors..Be patient. A good thing is that you can get the stock at a cheap price as it is not so popular.
2017-04-03 22:18 | Report Abuse
Nobody knows when the stock will surge. But as far as I'm concerned, I have been making money with other stocks, so I can wait for a long time. If you hold only one stock, you will get impatient easily, but you might miss a big chance. I don't recommend you to hold only one stock.
2017-04-03 21:18 | Report Abuse
KERJAYA TP 3.10 +0.50 (19.23%) BUY KENANGA
https://klse.i3investor.com/jsp/pt.jsp
2017-04-03 21:16 | Report Abuse
RCE Capital Berhad is a good stock as well.
2017-04-03 20:31 | Report Abuse
http://www.sinchew.com.my/node/1630101/看好攫更多stp合约.kerjaya订单强劲
2017-04-03 19:30 | Report Abuse
Buy SUCCESS TRANSFORMER CORP BHD
Its P/E is still low.
2017-04-03 18:50 | Report Abuse
You should not sell the stock for profit taking. You might miss a big chance. Haha
2017-04-03 18:30 | Report Abuse
This may be a multibagger stock!
Stock: [DNEX]: DAGANG NEXCHANGE BERHAD
2017-04-06 18:28 | Report Abuse
Just profit taking.