Mah Sing to start glove production in April 2021
TheEdge Wed, Oct 21, 2020 12:15pm - 3 hours ago


KUALA LUMPUR (Oct 21): Mah Sing Group Bhd is set to commence glove production in April 2021.

In a statement today, Mah Sing said it has commenced additional piling works to accommodate 12 units of new, high-speed glove dipping machines at its glove manufacturing factory in Kapar, Klang, to meet its targeted production date.

It said the piling works are expected to be completed by November 2020, to be immediately followed by installation of the machinery.

These 12 production lines are Phase 1 of Mah Sing’s diversification into gloves and have a maximum production capacity of up to 3.68 billion pieces of gloves per annum.

Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said similar to its property development’s fast turnaround business model, the firm is fast-tracking its diversification into gloves.

He said the factory has a suitable roof height to house mega machines.

“We have also secured supply of both nitrile-butadiene rubber and latex raw materials, and should be able to quickly meet [the] demand of our customers.

“We are targeting production by as early as April 2021,” said Leong.

Leong said Mah Sing’s glove business will be primarily be managed by a professional team with experience in glove manufacturing.

He said Mah Sing will be able to tap into the expertise and know-how of its regional plastics business in order to synergize with the gloves business.

With a build-up of approximately 228,800 sq ft, the current factory is Phase 1 of Mah Sing’s new foray into glove manufacturing.

Fabrication works for the new machinery have already started at the equipment supplier’s factory, and installation of the initial lines is expected to commence in November 2020; the first six production lines are expected to be ready for operation as early as the second quarter of 2021 (2Q21), followed by another six production lines by 3Q21.

Mah Sing is targeting a second phase of the expansion plan, which includes exercising the option to take up the other portion of the Kapar factory (build-up of approximately 287,500 square feet).

This could accommodate another 12 new production lines and increase the capacity up to another 3.68 billion pieces of gloves per annum. The Phase 2 expansion is targeted to happen when demand outstrips supply for Phase 1.

The property developer said that at this juncture, Mah Sing Healthcare Sdn Bhd has secured letters of intent from several prospective customers and the cumulative indicative orders have already exceeded the estimated maximum capacity for both phases of the Kapar factory.

If demand permits, Mah Sing Healthcare will gradually expand up to 100 production lines as part of future expansion plans, it said.

These 100 production lines could potentially produce up to 30 billion pieces of gloves per annum.

Mah Sing said as the Kapar factory is expected to start its operation with six production lines as early as 2Q21, the group is in a good position to take advantage of the high spot price of gloves.

Mah Sing expects the glove manufacturing business to be able to generate revenue for the group relatively quickly with the projected contribution estimated to come in as early as 2Q21.

At 12.06pm today, Mah Sing shares fell 5.09% or 6 sen to RM1.12, for a market capitalisation of RM2.72 billion.

https://www.klsescreener.com/v2/news/view/741665/top-glove-says-labour-issues-in-us-dol-report-resolved-seeks-quick-lifting-of-import-ban

Top Glove says labour issues in US DOL report resolved, seeks quick lifting of import ban
TheEdge Sun, Oct 18, 2020 07:30pm - 2 hours ago


KUALA LUMPUR (Oct 18): Top Glove Corp Bhd said it has resolved issues highlighted by the US Department of Labour (DOL) in a report that listed rubber gloves among products manufactured through child or forced labour.

In a statement, the world’s biggest glovemaker reiterated steps it had taken to improve work conditions, which it has submitted to the US Customs and Border Protection to secure an “expeditious resolution and revocation” of the ban on importing its products into the country.

The measures include implementing a zero-cost recruitment policy since January 2019, whereby the company bears all recruitment fees for its foreign workers.

“Top Glove has blacklisted unethical recruitment agents and continues to do so through a robust due diligence procedure, and all business dealings with such recruitment agents will be terminated with immediate effect. Top Glove too continues to educate its workers not to pay recruitment fees to third parties,” it said.

It also said it has started to make remediation payments to its foreign workers over their recruitment fees on a monthly basis, starting August, and expects to conclude repayment in July 2021.

In total, it will pay a total of RM136 million as per the recommendation of an independent consultant.

“Top Glove has duly submitted the necessary information to the US CBP and is following up closely with them, with a view to an expeditious resolution of the matter and revocation of the WRO [withhold release order].

“In the meantime, our gloves will be routed to other countries across the globe to cater to the urgent and overwhelming demand for this highly essential personal protective item,” it said.

Top Glove also said it paid its workers a basic wage of RM1,200 monthly in a “consistent and timely manner” as per Malaysian labour law.

“Nevertheless, the general take-home pay of its workers is more than RM1,600 per month factoring in overtime, which is always performed within the allowable rest-day matrix,” it said, adding it made an unspecified amount of ex-gratia payment to its workers to thank them for their contribution during the pandemic.

The glovemaker also said it does not allow its workers to perform excessive overtime, as per Malaysian labour laws that stipulates a maximum of 104 hours overtime per month and one rest day per week.

“Overtime is solely performed on a voluntary basis and workers are only allowed to perform overtime, if they have not exceeded the daily maximum allowable working hours,” it added.

Top Glove also claimed it is one of the few manufacturing companies that has a zero-harm and safety health emergency preparedness programme, as well as a workers’ health protection programme.

To recap, the US DOL had released ‘2020 List of Goods Produced by Child Labour or Forced Labour’ that included rubber gloves produced in Malaysia, citing reports that said they were produced by forced labour.

The department did not specifically name Top Glove as one of the companies involved.

“Forced labour predominately occurs among migrant labourers from Bangladesh, India, Myanmar, and Nepal working in 100 rubber glove factories throughout Malaysia,” it said, adding that reports indicate around 42,500 migrant workers are employed in these factories.

“Workers are frequently subject to high recruitment fees to secure employment that often keeps them in debt bondage; forced to work overtime in excess of the time allowed by Malaysian law; and work in factories where temperatures can reach dangerous levels.

“Additionally, labourers work under the threat of penalties, which include the withholding of wages, restricted movement and the withholding of their identification documents,” it said.

https://www.klsescreener.com/v2/news/view/724791/iris-receives-loi-to-participate-in-india-e-passport-project

Iris receives LOI to participate in India e-passport project
TheStar Mon, Sep 07, 2020 05:40pm - 24 minutes ago

KUALA LUMPUR: Iris Corp Bhd said it has received a letter of intent (LOI) from India Security Press for the procurement of 15 million International Civil Aviation Organisation (ICAO) compliant contactless inlays and its operating system.

The inlays and operating system are required for the Indian e-passport project.

Iris told Bursa Malaysia today that the LOI, dated Sept 6, is for a project worth US$27.54mil (RM114mil).

Under the LOI, Iris will supply supply pre-production sample of 1000 inlays within three months after issuance of the LOI.

"The company is requested to furnish Performance Security/Security Deposit equivalent to 10% of contract value within 21 days from the date of issuance of the LOI," Iris said.

News Focus: Face mask shields against Covid-19
TheEdge Sat, Jul 25, 2020 01:26pm - 1 hour ago


KUALA LUMPUR (July 25): Believe it or not, the face mask, which is normally worn on hazy days when the country is covered in smog, is now categorised as the most important “shield” to fight against the invisible enemy, Covid-19, apart from social distancing.

Wearing the face mask is said to be an important preventive measure as it can reduce filtration by 60% of airborne virus particles, including of Covid-19.

As such, effective Aug 1, the government is making compulsory the wearing of face mask in public or congested areas and public transport, whereby a fine of RM1,000 could be imposed on those caught not wearing the “shield” under the Prevention and Control of Infectious Diseases Act 1988 (Act 342).

The reason being that although Malaysia is recognised as one of the countries that have succeeded in addressing the pandemic, the people are becoming complacent in complying with the standard operating procedures (SOP) set by the government to curb the spread of Covid-19.

The new regulation had prompted reactions from various quarters, health experts, the general public, who agreed with the move which they described as appropriate to ensure discipline and compliance to the SOP, thus reducing the risk of infection.

Realising that the government's decision was for the common good, a private sector employee, Zaiton Mohamad, 35, said she feels more confident to be in public when everybody wears the face mask.

Director of the Tropical Infectious Disease Research and Education Center (TIDREC), Universiti Malaya (UM), Prof Dr Sazaly Abu Bakar said the use of face masks in public and congested places should have been made mandatory a long time ago.

“With the face mask on, we are indirectly preventing our hands from touching parts of the body that can cause the virus to infect us," he said.

Meanwhile, the Malaysian Pharmaceutical Association advises the public to be careful when buying fabric or the three-ply face masks online.

“The society have to now why the face mask should be worn, instead of simply wearing it, without knowing its protective effects.

“If you buy online, who will be responsible if anything happens. How would you know the source or manufacturer. What we want is, first, the quality, second, it is safe to use, and thirdly, it works," said its chairman, Amrahi Buang.

Despite the positive response from various parties to the new rule, there are also complaints, especially on the price of face masks, which is said to be quite expensive due to traders indiscriminately increasing the price and sale of counterfeit face masks.

The Ministry of Domestic Trade and Consumer Affairs (KPDHEP), through checks at 43,402 premises nationwide since Jan 29 until yesterday, had issued a total of RM392,400 compound for various offences including selling of face masks above the maximum price.

Its Enforcement director Datuk Iskandar Halim Sulaiman said the ministry also detected many cases involving sale of fake face masks with traders purchasing generic face masks from China and re-packaging them.

However, KPDNHEP has taken a smart move by reducing the ceiling price of face mask to RM1.20 per unit from RM1.50, and the wholesale price, which is currently RM1.45 per unit, to M1.15 each, effective Aug 15, as announced by its minister Datuk Seri Alexander Nanta Linggi yesterday.

The government will also continue to study the need to lower the price of face mask and ensure there is always adequate supply, he added.

Nylex and Ancom are the same owner...Ancom has been suspended today pending announcement..so Nylex also been suspended too..

https://klse.i3investor.com/blogs/kenangaresearch/2020-07-14-story-h1510518826-Daily_technical_highlights_ndash_HLT_ESCERAM.jsp

someone buying 12000 lot at 12.30 pm..fuhhh

Quick take: HLT shares continue uptrend, adding 3.6%

STOCK ON THE MOVE
Monday, 22 Jun 2020

9:20 AM MYT

KUALA LUMPUR: Shares in HLT Global Bhd continued its uptrend in early trade Monday.

The glove production line auxiliary service provider rose 3.65%, or 2.5 sen to 71 sen with 13 million shares traded. HLT-WA added 3.49%, or 1.5 sen to 44.5 sen.

AmInvestment Bank Research said HLT Global is poised to test the 69 sen resistance level.

“With its 21-day moving average turning higher, coupled with higher trading volume, we believe that the bullish momentum has resumed,” it said.

The research house said if it breaks out from resistance, it will travel towards the short-term target prices of 72 sen and 79 sen.

“The downside support is anticipated at 59 sen, whereby traders may exit on a breach to avoid the risk of a further correction,” AmInvestment said.

Tommorow HLT AGM..at 10.30 am..agenda as follow:

1. to approve the payment of Directors fees and benefits up to RM300.000.00 for the financial year
ending 31 Disember 2020
2. to re-elect Miss Chan Yoke Chun as a Director
3. to re-elect Miss Wong Wai Tzing as a Director
4. to re-appoint Merssr, Crowe Malaysia PLT as Company Auditors
5. to approve the authority for the directors to allot and issue share
6. to approve the proposed renewel of the existing shareholder mandate and new shareholder

QR net profit only 8 million..

Comfort QR net profit 16 million..

how to join in @paktua73..wanna join..

Covid-19 di Malaysia: 103 kes baru, 84 warga asing

Diterbitkan Hari ini 5:13 pm
Dikemaskini Hari ini 5:30 pm

Malaysia mencatatkan 103 lagi kes Covid-19 baru, menjadikan jumlah keseluruhan kes jangkitan yang dicatatkan adalah sebanyak 7,732 kes.

Dalam sidang media hari ini, Ketua Pengarah Kesihatan Dr Noor Hisham Abdullah berkata, lonjakan kes baru adalah melibatkan jangkitan terhadap warga asing.

Daripada 103 kes baru, tujuh merupakan kes import.

Daripada 96 kes jangkitan tempatan pula, 84 kes melibatkan warga asing, yang terdiri daripada 53 kes dari kluster Pedas, iaitu membabitkan syarikat kilang memproses ayam di Negeri Sembilan.

Sebanyak 24 kes dikesan melibatkan kluster syarikat pembersihan.

Justeru, kata Noor Hisham, hanya 12 kes melibatkan warganegara malaysia.

Setakat tengah hari tadi, 66 lagi pesakit sembuh sepenuhnya, menjadikan jumlah keseluruhan yang pulih dari jangkitan wabak itu ialah 6,235, atau 80.64 peratus daripada keseluruhan kes.

Mengambil kira kes yang sudah sembuh, jumlah kes aktif Covid-19 di Malaysia ialah 1,382 kes.

Noor Hisham juga hari ini memaklumkan tiada kematian baru dilaporkan, menjadikan jumlah korban akibat Covid-19 di Malaysia kekal sebanyak 115 kes.

Following the Movement Control Order (“MCO”) period as imposed by the Government to contain the spread of the COVID-19 outbreak in Malaysia, Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 16 April 2020 granted an extension of time until 30 June 2020 for listed issuers to issue their quarterly reports and annual reports that include annual audited financial statements and the auditors' and directors' reports, which are due by 30 April 2020 and 31 May 2020.



In consideration of the challenges facing by the Group during the current situation, the Board of Directors of HLT wishes to inform that HLT will utilise the said extension of time granted by Bursa Securities to release and submit its Unaudited First Quarterly Report for the period ended 31 March 2020 by 30 June 2020, provided that the MCO Period is not extended further by the Government.



This announcement is dated 29 May 2020.

HLT QR today maybe...

List of companies granted extension of time to submit quarterly results, annual reports

TheEdge Fri, May 29, 2020 03:16pm - 17 minutes ago


KUALA LUMPUR (May 29): Following the Covid-19 pandemic that has affected the daily operations of many entities, Bursa Malaysia Securities Bhd has granted several companies an extension of time to release their quarterly results.

In separate bourse filings, the companies said their respective due dates to release the quarterly financial results were April 30 and May 31, but the movement control order (MCO) imposed by the government to curb the Covid-19 pandemic has raised some challenges for the companies.

Bursa Malaysia has granted a one-month extension until June 30 to the companies for issuance of quarterly reports, annual audited financial statements, auditors’ and directors’ reports, they said.

As at 2pm today, the list of companies included:

Grand Central Enterprises Bhd
Malaysia Building Society Bhd
GDB Holdings Bhd
Grand-Flo Bhd
PDZ Holdings Bhd
SKB Shutters Corp Bhd
Vertice Bhd
Sanichi Technology Bhd
Radiant GlobalTech Bhd

In a research note today, Maybank Kim Eng analyst Lee Yen Ling wrote that “massive earnings explosion in coming quarters will throw brokers’ forecasts out of the window”.

Somebody gonna throw out of the window hahahahh

It is a mad mad glove makers’ market

TheEdge Fri, May 29, 2020 02:30pm - 42 minutes ago


KUALA LUMPUR (May 29): The craze for glove manufacturers gains strength by days as their unprecedented hefty premium valuations show. The higher the share price climbs, the stronger the buying interest.

Hartalega Holdings Bhd and Top Glove Corp Bhd are currently among the top 10 largest stocks on Bursa Malaysia in terms of market capitalisation (cap). Their market cap have overtaken Digi.Com Bhd, Axiata Group Bhd and Nestle Malaysia Bhd.

What has gone up, it will climb higher?
Despite the sharp rise in share prices, analysts do not think the current share prices have factored in all the good news.

In short, in their view, glove makers will earn a lot higher profits so share prices should also be a lot higher than current price.

With optimistic prospects ahead supported by expectation of strong surge in sales volume given the Covid-19 pandemic, and wider profit margin, glove analysts are busy with revising their forecasts and target prices as the rally continues.

In a research note today, Maybank Kim Eng analyst Lee Yen Ling wrote that “massive earnings explosion in coming quarters will throw brokers’ forecasts out of the window”.

Lee has raised its target price of Top Glove to RM20, implying a 49% share price increment from the current price of RM13.38 amid expectation of higher average selling prices (ASPs) and exponential growth on glove consumption worldwide.

Maybank KimEng raised its earnings per share forecast by 37% for the financial year ending Aug 31, 2020 (FY20), 180% for FY21 and 18% for FY22 to impute for ASP hikes and spot orders until 1QFY21 (September to November 2020).

“Our earnings forecasts could still be conservative as glove players might continue to raise ASPs until June 2021,” said Lee.

“Comparing the confirmed ASPs in September 2020 against January, the ASPs have increased 40-50%. Though the hikes are steep, the ex-factory price for a pair of gloves is just six US cents. This is still very cheap for the developed markets, for example US and Europe.

Lee anticipates Top Glove’s net profit to soar to RM3.2 billion in FY21 compared with forecast of RM1.1 billion in FY20. However, Top Glove’s net profit is expected to shrink to RM663 million.

If Top Glove is able to grow its market cap by 49% to RM52 billion, this would imply that the glove manufacturer will be the fourth largest listed company in Malaysia, surpassing chemical giant Petronas Chemical Group and hospital operator IHH Healthcare, should their share prices remain underperforming.

So far, 2020 is a prosperous year for glove makers as all of their fortune has leapt by a large quantum.

To put into perspective, Hartalega's market cap has more than doubled by RM19.02 billion to RM34.93 billion from its initial market cap of RM18.48 billion at the beginning of the year. It is currently ranked at 7th place among the largest market cap Malaysia companies.

The meteoric rise on Top Glove, its market cap ballooned by RM22.9 billion in value – the increment is equivalent to Dialog Group Bhd’s market cap of RM21.36 billion.

With a market cap of RM34.93 billion, Top Glove is currently the 10th largest Malaysia listed company.

What a turn of fortune to see the glove manufacturer leaping from second bottom market cap placing among the KLCI constituents to the current standing.

Year-to-date (YTD), out of the thirty KLCI constituents, there are only five companies in the positive zone (see chart).

Among them, Dialog’s market cap has increased by RM1.92 billion, while Petronas Group Bhd and Maxis Bhd are able to creep up a meagre RM831 million and RM78 million in valuations respectively.

A back of envelope calculation, an aggregate of RM131 billion of market cap has evaporated among the 30 component stocks.

Other than the number of companies that have lost their valuations YTD, the actual amount of market cap lost is remarkably hefty with the aggregate amount currently at RM131 billion.

A rising tide lifts all boats. Beside the two big boys, other glove makers' share prices are rocketing to new peaks as well.

Supermax Corporation Bhd's market cap jumped by more than four times or RM8.02 billion to RM9.8 billion — which propelled its market cap ranking to 34th place from 123rd place at the beginning of the year.

As for Kossan Rubber Industries Bhd, currently the 33rd largest from 61st previously, it saw its market cap more than doubled by RM5.8 billion to RM11.12 billion.

The market cap phenomenon is more extreme for the small cap glove makers as most have soared exponentially.

Comfort Gloves Bhd's market cap more than tripled, or rose by RM1.57 billion in value, to RM2.03 billion, followed by Rubberex Corporation Bhd, whose market cap leapt by about six times or RM815 million to RM951 million, and Careplus Group Bhd, which jumped by more than six times or RM563 million to RM648 million.

BCM Alliance volume in...they will follow...

careplus going to limit up today..next HLT

careplus break new high..walawei...

rubberex limit up today..tomorrow HLT turn...

Malaysian banks cheaper than glovemakers as mania continues

The Edge Mon, May 25, 2020 02:00pm - Just now ago


TYCOONS Kuan Kam Hon and Tan Sri Lim Wee Chai, both of whom are probably on top of the world now, would not have imagined that their rubber glove companies could be more valuable than banks.

The market capitalisation (market cap) of nitrile glove manufacturer Hartalega Bhd, founded by Kuan, is RM31.11 billion and has exceeded that of most of the local banks, except for Malayan Banking Bhd (Maybank), Public Bank Bhd and CIMB Group Holdings Bhd.

In fact, Hartalega’s market cap is more than the combined market cap of five banks: Affin Bank Bhd; Alliance Bank Bhd; MBSB Bank, which is owned by Malaysia Building Society Bhd; AmBank, which is owned by AMMB Holdings Bhd, and Bank Islam, owned by BIMB Holdings Bhd.

Likewise, the market cap for Lim’s Top Glove Bhd, in which he owns 35.95%, has soared to RM26.41 billion, larger than that of some of the bluest blue chips, including IOI Corp Bhd, Petronas Dagangan Bhd and PPB Group Bhd.

Even the market cap of Kossan Rubber Industries Bhd and Supermax Corp Bhd have exceeded that of some of the local banks even though the banking business is far more capital-intensive than the manufacturers and the barriers to entry are much higher.

Affin Bank, for instance, is the smallest bank in terms of asset base. Yet, the group’s asset management business Affin Hwang Asset Management Bhd alone is worth at least RM1.5 billion, based on its assets under management of more than RM56 billion as at end-2019, compared with its market cap of RM3.04 billion.

It is not surprising that both Hartalega and Top Glove have outperformed the other 28 component stocks of the FBM KLCI in terms of share price performance year to date, as the rubber glove sector is the rare bright spot on Bursa Malaysia amid the Covid-19 pandemic and the meltdown on crude oil prices.

Last Monday (May 11), Singapore-listed Riverstone Holdings Ltd released a stellar set of financial results. The Malaysian-based glovemaker’s quarterly earnings surged almost 54% to a record high of RM46.6 million, reinforcing the optimistic industry outlook.

The big leap in profit instantly added fuel to the share price rally among the rubber glovemakers listed on Bursa Malaysia.

More significantly, there have been news reports on the resurgence of coronavirus cases in Seoul and Wuhan, the location of the first outbreak, and other parts of China after their lockdowns were loosened. The World Health Organization last Wednesday warned that the Covid-19 virus may never go away and would become an endemic virus in the communities. This will mean a high demand for rubber gloves for a longer period.

The price-to-earnings (PE) valuations for the four big glove companies in Malaysia — Hartalega, Top Glove, Kossan Rubber and Supermax — have reached lofty levels, with multiples ranging from 43.60 times to in 75 times.

Interestingly, as the glovemakers’ share prices continue their ascent, investment analysts have raised their target prices (TPs) by as much as 80% to factor in as much positive news as possible in the absence of better news in other sectors.

Several analysts say their TPs are justified, given that their PE valuation assumptions are still below the historical peak PE valuations based on their substantially higher forecast earnings for the year.

The pandemic has resulted in a surge in demand for rubber gloves and other personal protection products such as face masks and hand sanitisers, as more than half of the world’s population — not just the medical workers on the frontlines — are using these products daily.

Some argue that the lofty valuations are justified in view of the immense increase in disposable rubber glove consumption for protection purposes.

RHB Research analyst Alan Lim expects Top Glove to deliver a strong set of third-quarter results (3QFY2020), with its profit to jump 85% quarter on quarter to RM215 million.

His optimism is based on four factors: higher average selling prices (ASPs) driven by the tight demand-supply dynamic, strong volume growth, favourable foreign exchange, and lower raw material prices, particularly butadiene.

Lim also highlights that the impact of higher ASPs is a powerful boost to the bottom line, given little increase in production costs.

It is worth noting, however, the capacity constraints that glove manufacturers could be facing as they receive brisk orders from around the world. Most are expected to be at full utilisation levels already.

The high demand would be a strong temptation for new entrants to grab a slice of the pie, considering that the barriers to entry are not very high. An oft-cited example is face mask production in China.

Kossan QR out already..net profit 64 million..

good QR

supermax profit 71 million..

Notable movements

Ekovest Bhd’s stock hit 28.5 sen on March 19, its lowest since November 2015. But the counter gained some ground to finish at 37.5 sen last Wednesday. Nevertheless, year to date, the counter has shed more than 50% of its value.

During the week in review, executive chairman Tan Sri Lim Kang Hoo acquired six million Ekovest shares to increase his shareholding to 828.03 million, or 31.19% equity interest.

Lim Seong Hai Holdings Sdn Bhd, meanwhile, acquired five million shares, nudging its stake up to 136.6 million shares, or 5.14%. Lim Seong Hai Holdings is the private vehicle of Kang Hoo’s nephew Tan Sri Lim Keng Cheng, who is Ekovest managing director.

Keng Cheng owns 5.44% equity interest in Ekovest via his private vehicle and a direct stake.

Other Ekovest directors, Datuk Lim Hoe and Lim Chen Thai, also acquired shares during the period under review, albeit in smaller amounts.

Media Chinese Intl, RSawit see off-market trades
TheStar Fri, Feb 14, 2020 02:56pm - 2 hours ago



Media Chinese International Ltd (MCIL) and Rimbunan Sawit Bhd (Rsawit) saw their shares transacted in off-market deals on Friday, which were significantly below their closing prices on Thursday.

KUALA LUMPUR: MEDIA CHINESE INTERNATIONAL LTD (MCIL) and RIMBUNAN SAWIT BHD (Rsawit) saw their shares transacted in off-market deals on Friday, which were significantly below their closing prices on Thursday.

Stock market data showed that 39.4 million shares of MCIL were transacted at eight sen each, or 13 sen below the closing price of 21 sen on Thursday.

The shares accounted for 2.3% of the issued shares of 1.687 billion units.

As for plantation company RSawit, there were 25.95 million shares traded off market at 16 sen each or 14.5 sen below Thursday's close of 30.5 sen.

The 25.95 million shares accounted for 1.83% of its issued shares of 1.418 billion units.

MCIL and RSawit have some common shareholders. MCIL is a publisher of Chinese-language newspapers in Hong Kong, Malaysia, the US and also Canada and China.

In MCIL, Progresif Growth Sdn Bhd owns 17.57% and CONCH Co. Ltd 15.05% while Tan Sri Tiong Hiew King has a direct stake of 5.12% and Teck Sing Lik Enterprise 3.87%.

He is the chairman of MCIL and also the founder and chairman of the Rimbunan Hijau Group, a timber company which owns 0.92% of MCIL.

Tiong also hold a 0.17% direct stake in RSawit. The major shareholders are Tiong Toh Siong Holdings Sdn Bhd with a a 18.16%, Multi Greenview Sdn Bhd 9.87% and Rimbunan Hijau Southeast Asia 8.05% while Teck Sing Lik Enterprise 6.72%.

Tiong is the executive chairman of Rimbunan Hijau Group.

Celcom and Maxis successfully conduct first 5G MOCN trial in Southeast Asia

KUALA LUMPUR (Jan 15): Celcom Axiata Bhd (Celcom) and Maxis Bhd (Maxis) have succesfully conducted the first 5G Multi Operator Core Network (MOCN) trial in Southeast Asia, recording a peak speed exceeding 1.1gbps in outdoor environments.

The trial was held last December in Langkawi after a Memorandum of Understanding (MoU) was inked between Celcom and Maxis the previous month to explore Malaysia’s first active 5G Radio Active Network (RAN) sharing, said the telcos in a joint statement today.

The trial locations were a Maxis 5G site at Seaview Hotel in Kuah and a Celcom 5G site at The Westin Langkawi Resort & Spa.

It allowed users of each telco at both locations to access the 5G network hosted by the two companies as if they are on their home network.

MOCN is a RAN sharing mechanism that allows two different core networks to share the same RAN.

The telcos said by using MOCN, they were able to quickly extend their 5G coverage in Langkawi by leveraging each other’s existing 5G sites, therefore demonstrating the feasibility of 5G infrastructure sharing to accelerate 5G when the spectrum is allocated for commercial usage.

They plan to conduct further trials in the first quarter of this year.

According to them, this achievement reflects commitment of both telcos in realising a seamless sharing experience on an active 5G infrastructure.

Celcom’s chief executive officer Idham Nawawi said the successful trial in its initial stage demonstrates the viability of a more cost efficient and coordinated 5G deployment in Malaysia.

“Aligned with MCMC’s [Malaysian Communications and Multimedia Commission] spectrum announcement for 5G, we are adamant to collaborate for the best practices to build the best network at the lowest cost possible and prevent duplication of infrastructure while improvements on 4G networks are ongoing, benefiting consumers and businesses with more value for the best 5G quality.

“Collaboration and innovation between businesses with 5G technology is a key success factor for the development of the nation’s digital ecosystem in the IR4.0 era.”

Meanwhile, Maxis’ CEO Gokhan Ogut said the telco is stepping up its efforts to pursue an accelerated 5G deployment plan.

“We look forward to reaping the benefits of network sharing and hence allowing more investment in services for customers. 5G will play a key role in providing the technology platform for businesses to be more efficient and innovative, thus helping to build a more competitive digital economy”.

https://www.theedgemarkets.com/article/celcom-and-maxis-successfully-conduct-first-5g-mocn-trial-southeast-asia

5G expected to bring changes for the benefit of people

TheEdge Wed, Jan 15, 2020 05:20pm -


KUALA LUMPUR (Jan 15): Malaysia will take another step forward in creating a smarter environment through the deployment of the 5G technology digital cellular network which is now in the phase of demonstration projects.

The 5G technology will improve internet speed and reliability to enable faster data transfer compared to 3G and 4G networks, leading to a major transformation in the lifestyle and work culture of people in the country.

Universiti Kebangsaan Malaysia’s Faculty of Information Science & Technology senior lecturer Prof Dr Abdullah Mohd Zin said the existing 4G technology was only capable of providing internet speeds of up to 100 megabits per second (Mbps) but 5G is said to be 10 times faster at 1,000 Mbps.

Abdullah said 5G is a potential game-changer in the way Malaysians live and work, for example in facilitating online learning and communication at work.

"We can visualise the system of working from home becoming the norm in the future as communication between staff could be done easily online. There will also be changes to the political system because a more reliable communication (network) will make it easier for the people to channel their views directly to the government.

"A more efficient system of communication will also enable robotic technology, drones and technology-based equipment to be deployed in place of manpower,” he told Bernama.

Abdullah said the use of 5G technology and low-level satellite would provide for more efficient wireless connection to increase the internet penetration rate.

Meanwhile, Mahyudi Md Yusof, the founder and chief executive officer of information technology provider Asia Techbiz, said the 5G technology could also strengthen the country’s security system.

"CCTV can be monitored real-time using 5G via high megapixel transmission. A more intelligent system will enable users to identify threats quickly and directly by getting information through email notifications and smartphone applications,” he added.

Mahyudi said the 5G technology is expected to reduce the use of manpower, including factory operators, and ease the job scope in several sectors.

The impending 5G roll-out is also seen as capable of expanding the country’s education sector, especially in meeting the needs of 21st-century learning (PAK21) and producing a generation that can take on the challenges of the Fourth Industrial Revolution (IR4.0).

In this connection, National Union of the Teaching Profession secretary-general Harry Tan Huat Hock hoped that the 5G network would be extended to all educational institutions, including those in the rural areas.

Tan said the technology would allow teachers to widen their resources and teaching materials and give students faster and better access to the internet for research purposes.

"Teachers can use visual displays from the internet to enhance the IT skills of students and generate interest in the field of STEM (science, technology, engineering and mathematics),” he said.

Ikhwan Nazri Mohd Asran, the chief executive officer of information technology portal Amanz Network, said 5G could also boost the digital healthcare sector, including through the use of remote monitoring and telehealth systems.

"The telehealth system is only effective with good internet speed to ensure the accuracy of prescription for a disease. When the internet is fast, what is seen on video will reflect the actual situation.

"With slow internet and unreliable connection, doctors would not have access to real-time data to make quick decisions on healthcare,” he said.

Ikhwan Nazri, who has more than 10 years experience in information technology, said 5G could also help farmers to optimise their output and increase the food supply stock.

"5G technology can provide farmers with real-time data on everything, from power and water consumption to the movements and behaviour of livestock,” he said.

Prime Minister Tun Dr Mahathir Mohamad will have a first-hand look at the 5G Demonstration Projects in Langkawi on Sunday, before visiting selected sites of utilisation cases at the 5G Command Centre in Kuah town, Hospital Sultanah Maliha and Langkawi International Airport the following day.

The planned commercial roll-out of the 5G technology in the third quarter of this year will not only redefine connectivity in the country but also give a positive impact on the economy and install Malaysia as one of the pioneers of 5G in the ASEAN region.

Agree with u mr calvin..wise review...bravo..

mr calvin..opcom and TM..which one is better? i want transfer my shares from ekovest..haha

Review from PublicInvest and AmInvest..nice..

Technical Buy - BINACOM (0195)
Author: PublicInvest | Publish date: Fri, 10 Jan 2020, 10:24 AM



Target Price: RM0.420, RM0.450
Last closing price: RM0.370
Potential return: 13.5%, 21.6%
Support: RM0.355
Stop Loss: RM0.330
Possible for further upside. Remaining resilient during market weakness, BINACOM is staging s potential breakout from its congestion phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.385 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.420 and RM0.450.

However, failure to hold on to support level of RM0.355 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 10 Jan 2020

Stocks on Radar - Binasat Communications (0195)
Author: AmInvest | Publish date: Fri, 10 Jan 2020, 9:42 AM



Binasat Communications may soon test the RM0.38 resistance level. With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM0.41 and RM0.425. Meanwhile, it may continue moving sideways if it fails to cross the

RM0.38 mark in the near term. In this case, the downside support is anticipated at RM0.34, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM0.38

Target: RM0.41, RM0.425 (time frame: 3-6 weeks) Exit: RM0.34

Source: AmInvest Research - 10 Jan 2020

@calvintan..avarage TP for Binacom?

Opcom Binacom...

KUALA LUMPUR (Jan 9): Telekom Malaysia Bhd (TM) and Digi Telecommunications Sdn Bhd (Digi), both currently participating in the 5G Demonstration Project (5GDP) undertaken by the Malaysian Communications and Multimedia Commission (MCMC), have agreed to work together in testing the capabilities, possibilities and limitations of 5G network sharing between multiple network service operators during the 5GDP period.

In a statement jointly issued by TM and Digi, both network operators said they are working together to test out the 5G network sharing for the 5GDP rollout on Langkawi island.

Under the partnership, Digi is currently operating its 5GDP sites (including on-site 5G radio network and 5G core network) in Langkawi to run its 5G use cases, supported by TM in providing fibre backhaul to these sites.

This portrays the synergy between fixed and mobile network operators in delivering 5G connectivity solutions.

Additionally, both parties are also exploring 5G Radio Access Network (RAN) sharing in Langkawi.

The Memorandum of Understanding (MoU) on the partnership was signed by TM chief strategy officer Tengku Muneer Tengku Muzani while Digi was represented by chief technology officer Kesavan Sivabalan.

Commenting on the latest development, TM group chief executive officer (CEO) Datuk Noor Kamarul Annuar Nuruddin said collaboration with Digi reflects TM's commitment, openness and neutrality to work together with industry players, towards achieving the Government’s aspiration for a more cost-effective 5G deployment.

“We aspire to not only enable the ecosystem but also plan to be a neutral partner for industry players and collaboration partners towards serving a more digital society and lifestyle, digital businesses and industry verticals, as well as digital Government.

“The collaboration is also hoped to accelerate the delivery of 5G services nationwide and bring enormous benefits to end customers as we strive to deploy 5G services to Malaysians nationwide, in line with MCMC’s aspiration in progressing humanity towards improving the quality of lives of the rakyat,” he said.

Noor Kamarul added that TM has rolled-out the first 5G Standalone (SA) dedicated network in the country.

“TM, via our innovative and comprehensive products and solutions, will continue to lay the foundation for Industrial Revolution 4.0 (IR4.0) and enabling Internet of Things (IoT) – to serve a more digital society and lifestyle, digital businesses and industry verticals, as well as digital Government,” he said.

Meanwhile, Digi CEO Albern Murty said through the partnership with TM, Digi continues to be committed to building a robust 5G ecosystem with the industry.

“We have always viewed partnerships as a positive way to deliver efficient and widespread access to Malaysians, and work is well underway with several of Digi’s use case trials deployed through numerous partnerships in Langkawi and the 5G OpenLab in Cyberjaya.

“The findings we gather from these trials will help determine how we can rollout 5G in a more concerted way across industry, echoing MCMC’s ambitions towards a shared approach in deploying 5G for the country,” he said.

In Langkawi, Digi has implemented two 5G use cases, namely virtual tourism at the Langkawi International Airport, and real-time medical data transfer and connected ambulance at Hospital Sultanah Maliha.

TM has already embarked on a total of 11 use cases in Langkawi covering Smart City, Smart Tourism and Smart Agriculture clusters, focusing on making life easier, meeting the needs, and enriching the lives of the rakyat.

Malaysia’s 5GDP kickstarted in October 2019, with the aim to facilitate, build and nurture development of promising use cases of 5G in a live but controlled environment; and in a broader context, grow the 5G ecosystem in Malaysia.

During this period, participating telecommunications companies are actively testing new 5G features, exploring 5G technology and assessing the best way to deploy 5G infrastructure nationwide.

https://www.klsescreener.com/v2/news/view/617318/tm-digi-collaborate-to-test-out-5g-network-in-langkawi

https://www.klsescreener.com/v2/news/view/614010/lim-kang-hoo-out-to-prove-sceptics-wrong

Pendakwaan: Dari RM31 juta, tak sesen pun bantu orang miskin

Received money from 'somebody' to award MyEG project under him (KDN)

Gap down soon?

https://www.malaysiakini.com/news/500247