Not advisable to pursue further as major shareholders keep on selling & reducing stake. Something is not right. Otherwise they won't sell from high of 6 cents, 5.5 cents, 5 cents, 4.5 cents, 4 cents, 3.5 cents, 3 cents & even 2.5 cents. They are the culprits for its price drop. Furthermore, company is seeking protection under S176 against creditors' suit against bankruptcy & cessation of shipping business. Really need to be prudent as
Our hard earned money will be gone with a possible winding up of this company in near future. Something is not right though I still hold its shares at price of 6 cents & 5 cents. It may end up like SAAG, Stamford, Transmile etc with our total loss with no recovery at all.

All of us have been waiting to SELL SELL SELL today. You may buy from us. Good luck

Stocks to focus

JCY – Price has ended above the EMA60 and the MACD Line has crossed above the zero level – indicating that the trend is turning up. Monitor for a breakout above the RM0.565 level, targeting the RM0.595-RM0.71 levels. Support will be located around the RM0.52 level.

GHLSYS – Price trended sideways over the past two weeks above the EMA9 level. The RSI is hovering above 50. Monitor for a breakout above the RM0.735 level, targeting the RM0.81 level. Support will be pegged around the RM0.71 level.

Source: M+ Online Research - 5 Jan 2015

JCY seems to have good buying power. Believe this year is a better year for JCY

Time to buy as Hadian may have back- up plan to announce soon

Salamander is not easy to deal with as they are using Sona to bargain with others like Cepsa & Ophir. These people are not trustful like us. One agreement signed with Sona, yet still solicit for other opportunity. Believe Salamander must be in deep shit, otherwise won't be so desperate to look for other alternative before SC granted SONA's deal

Both Sona & Salamander are agreeable for their intention of this transaction on conditional terms such approval by SC & approval by both's shareholders via EGM. As long, Sona is working hard to secure new QA. Believe that Sona is still a good buy with their strong management teams whom have more than 30 yrs in this OG industry

If deal not successful, it may be a better choice for Sona as Sona may target for a new purchase with better bargain in view of current pathetic oil price

As per MD Hadian's recent announcement, deal is still on & pending SC's approval

Agreed with berkshirebuffett & KOS, Sona has been low for quite some times. Believe big news in near future. Doubt people will sell at this juncture. Suggest to buy if there is a dip down of its price for a quantum leap profit

Too much volatility & slump so much whether it is mother share or warrant. Thus, if its mother share can stay above 45 cents or warrant above 26 cents, it means its deal is considered quite certain. Possibly, to see its uptrend, thus safely say to buy for good return

May jump in to buy if its price can support at above 45 cents. Otherwise, just wait & see only

Those dates are not decision dates. Why bother? Just wait for SC's approval. The date will come

Be patient as standard turnaround for this approval is 3-6 months. There are several considerations especially this approval involves offsite assets. Thus, believe its approval will soon be announced soon. No point to speculate here for negative statement. In long term, this Sona is worth for investment. Otherwise, it won't involve so many people to invest like you & me

Prospect for Sona is bright with justifications of loan granted by BNP Paribas and RHB Bank (L) Ltd for a US$140 million loan facility to part-finance its purchase of the company’s first qualifying asset. Banks normally won't grant loan if its financing of project is not viable.

Though current oil price is low, with limited supply of oil, It is an upside trend. Thus, its profitability is quite assured.

Believe of its good potential & possible rally in near future with its conclusion of this purchase of 40% purchase.

2 possibilities for big volume and rebound: new admission of influential shareholder-GLC co or somebody with political background; 2nd possibility - SC may have agreed to its proposal. If both are certain. Its uptrend may be tremendous with high potential to move up RM1.50 or even higher. Just wait to see its uptrend.

Despite of strong support at 49 cents, counter was seen profit taking today with its closing of 48.5 cents. Believe of SC's favourable approval for this bright movement as Sona, a regional energy player to move on. With its consideration of strong management team and support of OG expertise, this counter will start its strong movement from next month. Thus, suggest to buy with a target price of 75 cents, ie 50% upside potential by next month and thereafter RM1.20 by end of the year (Dec 2014). Considering this is a strong buy recommendation as follows:

Proposed acquisition of a 40% effective interest in 2 shallow water assets located in the Gulf of Thailand
o Production Block B8/38 (Bualuang): oil field in production since 2008, FY13 gross production
12.3kbbl/d
o Exploration Block G4/50: exploration acreage surrounding block B8/38
 Purchase consideration: US$280 million
o Production Block B8/38: US$250 million
o Exploration Block G4/50: US$30 million
 Transaction structure
o Acquisition of 66.67% of the economic rights and 49% of the voting rights in Salamander Energy (Bualuang) Limited (“SEBG”)
o SEBG owns 60% working interests in block B8/38 and block G4/50*

Bought at mother at 52 cents & warrants at 27 cents but recent movement has strong Resistence to break through these prices. Though everybody speculated of its project pending SC's approval, the price still traded narrowly in small range & dip down when closing. Thus, in conclusion, believe it may consolidate with recent big volume to support price of 47.5 for mother & warrants at 24.5 cents. If you lock in at cheaper price, suggest to take profit & buy back when price dips down to have another round of profits

Today Sona dropped half cents to 47.5 cents. Likely it may dip further to 46.5 cents. Warrants may follow suit to 24 cents. Suggest to buy at 46 cents for mother & warrants at 24 cents for medium term. Reason for its bearish trend is no fresh lead & concern or insider speculation that SC may reject its proposal of Thai's project in view of merely 40% stakeholding & unstable Thai political situation

No news means its price may dip further with its support at 78 cents for mother & warrants at 28.5 cents. Suggest to buy at 78 cents for mother or warrants at 28.5 cents if they stay put at both points. Otherwise SL at 75 cents for mother or 26 cents for warrants

LR is worthless as its OFS of 50 cents plus discount trading price doesn't warrant a buy. It is likely not be listed in Bursa if response is not favourable. Suggest to stay away or dispose LR for those are holding it. Not worth buying with its return of zero for 1st year，thereafter 2% & 3%
Pa. Risk doesn't justify return later

As mentioned earlier, its Resistence of 48 cents indicates a bearish trend despite of impending sc's approval for overseas projects. Current support point is at 46.5 cents. If it stays put at 46.5 cents, likely it won't drop further. Warrants may follow suit. Thus, if going to buy warrants, suggest to buy at 24 cents when it dips down.

Drop from few days high of 51-5 cents to 50 cents. believe it may trade between 47 to 50 cents while pending SC's approval. Suggest to buy when it dips to 48 cents

Break resistence level of 22.5 cents & sign of bearish seen with support at 19.5 cents; thus suggest to dispose at current level to minimize loss

Directors not really want to sell but reduced their stakeholding as Bursa's requirement for public spread. Just wait to see as this counter will 'goreng' to a target price of 50 cents, thereafter 1.00. Not believe,
May just watch it upside trend soon

Future Prospects

The cement industry sees a general positive growth trend for the year driven by ETP projects and strong demand on private infrastructure projects. A good example would be YTL Cement generating a 29% growth in FY14 operating profit which is estimated to have contributed to 33% of the group's bottomline. This plays out to be good news for SCH as well since a robust cement industry will lead to high demand for its products and services especially as quarry equipment tend to have a short lifespan.

The company is also looking at expanding its network supply trade through a breakthrough in countries that are fast developing such as Cambodia and within the South East Asian region.

It is also seeking a transfer to the main market within 2-3 yrs (source: The Star), and it looks likely to achieve this if it passes the qualification of minimum uninterrupted profit track record of RM20mil over three years.

It pays out a high dividend yield (but is yet to be seen if this continues in the future) It is also fast gaining a bullish momentum to the upside supported by strong volume.

To sum it up, SCH has moved rather slowly in the first half of the year with no significant gains in terms of share price compared to the other IPO debuts of the year but looks like it is fast gaining momentum and is set to make a complete turnaround.

After all, it’s better late than never.

http://klse.i3investor.com/servlets/stk/0161.jsp

SCH is a key player in supplying quarry industrial products (it has exclusive distribution rights on certain machinery) and holds a large market share in this business. The closest comparison to this company listed on the market is UMS Holdings Bhd, which operates a product distribution business in the quarry, cement and rubber industry and has a similar market capitalization but with a total of 40,690,000 shares as compared to SCH’s much larger total of 412,234,020 shares. UMS Holdings is currently priced at RM2.93

Cumulative to the 3Q of the year, SCH recorded a profit before tax of RM5.35 million compared to a loss before tax of RM0.57 million in the preceding financial quarter. Most of the net profit is attributed to a continuing rise in revenue each quarter. EPS currently stands at 1.94 sen and NTA RM 0.1558. The company’s cash flow stands at RM 23,385,000 a huge increase since the first quarter of RM 3,062,000. Deciding to reward its shareholders on the back of a strong cash holding, SCH has declared an interim dividend of 1 sen per share totaling RM4.12 million for FY14. (A yield of 3.57% based on the price of 28 sen) A decision many did not foresee but welcomed by shareholders.

That means UEMs won the case & was awarded of RM75,000 which will be recognised as its non-operation income. Believe UEMS may declare dividend to its shareholders to boost its momentum to excel in its business operations.

With its technical rebound from 12 months bottom low, its resistance of uptrend may pose target at 2.20.

Current price is a good buy opportunity.

Reference is made to UEMS’ announcement dated 15 April 2013 and Quarterly Reports dated 28 May 2013, 29 August 2013, 25 November 2013, 25 February 2014 and 25 August 2014.
The High Court at Kuala Lumpur has on 28 August 2014 dismissed Rakyat Holdings' Claim against Aurora Tower and awarded costs of RM75,000.00 to be paid to Aurora Tower (UEM's subsidiary).

This announcement is dated 28 August 2014.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1724133

SONA PETROLEUM BERHAD (“SONA PETROLEUM” OR “COMPANY”)
PROPOSED ACQUISITION OF A 40% EFFECTIVE PARTICIPATING INTEREST IN THE B8/38
CONCESSION AND THE G4/50 CONCESSION IN THAILAND VIA THE ACQUISITION OF
PARTICIPATING EQUITY INTERESTS IN SALAMANDER ENERGY (BUALUANG) LIMITED
(“SEBG”) FROM SALAMANDER ENERGY (BUALUANG HOLDINGS) LIMITED (“SEBHL”), FOR A
CASH CONSIDERATION OF UNITED STATES DOLLARS (“USD”) 281.2 MILLION (“PURCHASE
CONSIDERATION”) (“PROPOSED TRANSACTION”)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1689329

Sona Petroleum Berhad (“Sona Petroleum”) was formed by a group of experienced senior executives who are active in the oil and gas industry, in particular, Exploration and Production (“E&P”). The Company intends to seek for attractive E&P assets as its Qualifying Acquisition (“QA”), focusing mainly on production assets in the regions of Southeast Asia, Middle East and selected countries in Africa, namely Algeria, Angola, Chad, Republic of Congo, Ethiopia, Kenya, Mozambique, Nigeria, United Republic of Tanzania and Uganda. Once its QA is completed, the Company intends to operate as an independent E&P company.

http://sonapetroleum.com/corporate-profile/

BURSA MALAYSIA Announcement dated 20th Aug 2014:

Renounceable rights issue of up to 644,891,820 new ordinary shares of RM0.10 each in Sanichi Technology Berhad (“STB”) (“STB Share(s)”) (“Rights Shares”) together with up to 429,927,880 free detachable warrants (“Warrants C”) at an issue price of RM0.10 per Rights Share on the basis of three (3) Rights Shares together with two (2) Warrants C for every two (2) existing STB Shares held at 5.00 p.m. on 29 August 2014, based on a minimum subscription level of 90,000,000 Rights Shares together with 60,000,000 Warrants C .

Kindly be advised of the following :
1) The Rights commence of trading : [ 2 September 2014 ]
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : [3 Sept 14}
3) The last day and time for Acceptance, Renunciation and Payment : [17 Sept 14 @ 5:00pm]
4) The Rights cease quotation : [9 Sept 14]

The Stock Short Name, Number and ISIN Code [ SANICHI-OR, 0133OR and MYQ0133OR000 ] respectively

No bonus but renouncement right issue for Sanichi to raise money to buy land at Melaka.

Yesterday was overbought with 5.1 billion shares changing hands. If tomorrow market not recovered, a lot of people may really suffer big loss. Seen my paper gain of almost 20% went into drain. Sigh. Hope it is a temporary setback. My Remisier advised that this counter may continue to its downtrend. May take position to sell if tomorrow it is going to rebound. I believe everybody will do the same.

May have to cut loss to take back money, worry
It may continue to drop. Sigh !!!!

Likelihood its financial results bad or loss, then PN17 exit may be declined by Bursa

I sold mine at 9 cents & looking to buy back as well. But its buying momentum seems to be very strong. May consider to buy back tomorrow

AMOEBA i sold @ 0.100
13/08/2014 16:08
Stock: [SANICHI]: SANICHI TECHNOLOGY BHD
Aug 13, 2014 04:08 PM |

AMOEBA will fall back to 0.080
13/08/2014 21:40

Cant blame AMOEBA as he is aiming to buy back Sanichi, that's why since he sold on 13 Aug 2014 & started to pray he can buy back at lower price. He knew that this counter is now very bullish & move upward. Next target is to break thru 15 cents, then 18 cents & 20 cents. Just pray & hope to see. I suppose not too late to buy back for a next quantum leap

Thanks Aziz47. Share same opinion as Sunatec, Sanichi, Eah & frontkn going to fly next week

Strong buy it seems. Doubt its recent active movement is to be for a while. Believe it would be a quantum leap especially with impending good news of Goldman Sachs, FGV, project diversification & good exciting financial results for last quarter. Thus, to hit 20 cents by next week is possible & achievable.

Believe Sanichi still have potential to move, 13 cents to 20 cents with rumuor of Capital injection & stakeholding buy by FGV. Thus, movement from 13 cents to 20 cents is seen lokely with its impending of good financial result to be announced by month end. Just wait to see. May consider to buy while it dips. Sanichi is definitely a good buy in view of its high potential to move further

Believe Sumatec still have potential to move, 55 cents to 60 cents. Same likes Sanichi with possible injection & stakeholding buy by FGV, 13 cents to 20 cents with its impending of good financial result to be announced by month end. Just wait to see. May consider to buy while it dips. Sanichi is definitely a good buy in view of its high potential to move further

First hurdle is likely to be 12 cents. If it can break through this resistance, it has good prospect to next target of 20 cents; better future for its right issue. Just wait to see whether its show is coming or not

Good analysis

What happen to this counter ?

Sekupang, what is Target price？When will this counter be moving up?

Likely it may move to 7 cents as target soon

Price still booming & believe it is bullish with impending good financial results to be announced soon within these 2 days

If huge profit is to be announced this week, I think this counter is going to jump high with double growth to 8-10 cents

http://www.theedgemalaysia.com/business-news/290415-stocks-to-watch-ammb-shangrila-misc-airasia-ytl-group-mbm-jcy-hup-seng-dksh.html