Posted by zamsaham > 2014-04-23 22:54 | Report Abuse

Buy Alam on dip, and wait for RM1.95. However, Barakah on the other hand is better than Alam's core business.

Posted by yongyos > 2014-04-23 22:59 | Report Abuse

HL boss may foresee Alam will secure some sub-con project from main project earlier awarded to Barakah/SKpetro/Puncak by PETRONAS ......

Posted by 33448923 > 2014-04-23 23:17 | Report Abuse

naik turun naik turun besok tau lah. hl bos beli alam mesti ada projet atau alam memang bagus x kan hl bos bodoh beli company mau mampus.

Posted by 33448923 > 2014-04-23 23:18 | Report Abuse

yang beli tungu saja lah yang belum beli memang jerit jerit besok turun ~~munkin dapat beli murah

Posted by zamsaham > 2014-04-24 00:21 | Report Abuse

Q 500 lots at 1.30

Posted by Huei888 > 2014-04-24 01:12 | Report Abuse

Tomorrow buy 100 lot...

Posted by jcwm22 > 2014-04-24 01:55 | Report Abuse

Quek is getting Alam shares at 1.35. At last transacted price of 1.65, he already has 20% profit. It would have been better for the market if he had gotten the shares at 1.65. Then, there would be greater likelihood of the share price soaring. Quek's entry into Scomi Energy did not see uts share price going up after the dust settled on the news.

Posted by Huei888 > 2014-04-24 02:04 | Report Abuse

Thanks....

Posted by george_poros > 2014-04-24 09:02 | Report Abuse

cabbuuuutttt!!!

Posted by aaj9393 > 2014-04-24 09:06 | Report Abuse

What is the price now ?

Posted by horsebaby > 2014-04-24 09:11 | Report Abuse

no hope la...

Posted by Coco Chen > 2014-04-24 09:11 | Report Abuse

跌到1.60了，

Posted by mjusoh676 > 2014-04-24 09:22 | Report Abuse

Why is the company selling at Rm1.35, below market price? Why not offer to existing shareholders in the form of rights issue? Aiyaa..........sudah silap beli ini counter.

Posted by kleboy > 2014-04-24 09:24 | Report Abuse

Aiyoyo .... why down? When will go up again.

Posted by xiang > 2014-04-24 09:30 | Report Abuse

later news out .. kejar kejar beli balik...

Posted by hasruld > 2014-04-24 09:34 | Report Abuse

switch to barakah ma..sure up

Posted by Investeye > 2014-04-24 09:37 | Report Abuse

Disposed all at RM1.65
Will collect back if the price down to attactive price
Thanks Alam for all the gain
Happy investing for All!

Posted by VeryPoison > 2014-04-24 09:39 | Report Abuse

9AM-10AM is for retailer.... 10AM onwards only big guy will come in....just wait

Posted by vicky > 2014-04-24 10:22 | Report Abuse

got insider news?

Posted by jazzymoments > 2014-04-24 10:26 | Report Abuse

kelong kelong kelong

Posted by sklyte > 2014-04-24 10:45 | Report Abuse

sell on news aiks

Posted by aliyusof > 2014-04-24 11:03 | Report Abuse

Buy on khabar angin, sell on confirmation!

Posted by VeryPoison > 2014-04-24 11:03 | Report Abuse

Investeye is the biggest winner today =D

Posted by aaj9393 > 2014-04-24 11:33 | Report Abuse

sold all at 1.59.

Posted by chean1984 > 2014-04-24 11:43 | Report Abuse

sold all at 1.59 too

Posted by aaj9393 > 2014-04-24 11:51 | Report Abuse

Ivesteye, today got 165 done ???

Posted by zamsaham > 2014-04-24 11:56 | Report Abuse

if QUEK disposed all today, he already untung besar one.
This is how the big boys game, we small ikan bilis eat the dust only

Posted by Tan Sze > 2014-04-24 12:12 | Report Abuse

haha investeye dispose 87.5% be4 suspended

Posted by Taka > 2014-04-24 12:14 | Report Abuse

If Quek dispose today, price will limit down

Posted by samsung555 > 2014-04-24 13:23 | Report Abuse

Savvy investors Tan Sri Quek Leng Chan (pic) and his associate, Paul Poh, are buying a 15.53% stake in Alam Maritim Resources Bhd at RM1.35 per share, confirming StarBiz’s report earlier this week.

Offshore support vessel (OSV) operator Alam Maritim said in Bursa Malaysia filings that it had entered into an agreement with companies owned by Quek and Poh to collectively sell them 123 million shares, which will raise some RM166.05mil. The proceeds will be used to acquire a new OSV vessel as well as retire some of its debt.

Quek’s vehicle, Associated Land Sdn Bhd, will be buying 60 million new Alam Maritim shares for RM81mil, while Poh’s Caprice Capital Intl Ltd will take up 63 million shares worth RM85.05mil.

Alam Maritim said the share placement enabled it to raise additional funds without having to incur interest expenses, and that the exercise was more “expeditious” than a rights issue.

The company also added that the rationale for placing out the shares to Quek and Poh would help strengthen Alam Maritim’s equity base, “which, in turn, may potentially increase the liquidity and marketability of its shares.”

The proposed share issuance will need to be approved by Alam Maritim’s shareholders at an EGM to be convened later. It will also need Bursa Malaysia’s approval.

On the utilisation of the proceeds, Alam Maritim said some RM67mil would be allocated to acquire a new vessel or general working capital, RM95.08mil as repayment of bank borrowings and RM3.8mil for expenses related to the proposed share issuance.

Alam Maritim’s gearing will be reduced to 0.67 times after the share placement from 1.07 times as at Dec 31, 2012.

In a recent interview with StarBiz, Alam Maritim’s executive director and chief operating officer, Shaharuddin Rahmad, had said the company was looking to raise funds to pay for a diving support vessel that it intended to acquire.

Hong Leong Group’s Quek has been especially active in the market. In May last year, he emerged as a substantial shareholder in TH Heavy Engineering Bhd.

Last week, Quek took up 100 million shares in Singapore-listed Ezion Holdings Ltd, another OSV player.

In February, Quek and Poh, along with Lembaga Tabung Haji (LTH) and Norwegian fund Norges, had bought 268.78 million shares in Scomi Energy Bhd that were sold by Standard Chartered Private Equity Ltd.

Poh, a former long-serving employee of the Hong Leong Group, acquired about 40% of the block of Scomi Energy shares via his private investment vehicle Caprice Capital.

Quek, who controls the Hong Leong Group, took up the second-largest portion of 30% or 80 million shares.

Following the share placement, Alam Maritim’s major shareholder SAR Venture Holdings (M) Sdn Bhd’s stake will be diluted to 37.69% from 43.47%, while the current second-largest shareholder LTH will see its 10.39% stake being reduced to 9.01%.

Posted by samsung555 > 2014-04-24 13:29 | Report Abuse

price already stabled down. looks like its not going down further despite placement at 1.35. majority of shareholders must had viewed it as a good exercise towards company growth. of course the people who makes the most are those who took up the placement

Posted by richienexus > 2014-04-24 13:58 | Report Abuse

Agreed with samsung555. RHB and MayBank maintain their Buy Call with TP 1.96 and 1.90 respectively. As Warren Buffet said, when people panic and selling, we buy. So, today is a good time to accumulate for those that have missed out earlier. If you don't start buying now, when are you going to buy? And those that not play contra, should keep as Alam's fundamental is still strong.

Posted by Wahab binti Abu Bakar > 2014-04-24 14:16 | Report Abuse

Buy HUBLINE @ 4 sen is better

Posted by Superman > 2014-04-24 14:18 | Report Abuse

But if the EGM passed and they are issuing 15% of new stocks to the buyers then the price will be adjusted by Bursa accordingly right?

Posted by VeryPoison > 2014-04-24 15:01 | Report Abuse

Not sure If I got it right. Alam is not issue RIGHTS. The share price will not be diluted or whatsoever. Alam is just selling their 15% stake to Caprice. The total amount of shares are remaning the same.
Those who were cursing why Quek get to buy at cheaper price is interesting. This is call 'deal'. No body want to buy stuff at higher price.

Posted by SungaiPetani > 2014-04-24 15:05 | Report Abuse

Rich people gets richer some more. Tan Sri Quek bought at almost 20% discount from yesterday closing price.

Posted by abdulrahim > 2014-04-24 15:23 | Report Abuse

contra finish 4 days to go

Posted by ghoyye > 2014-04-24 15:24 | Report Abuse

When you buy that many shares of course you are entitled for some discount. I think this is quite normal. What is more intriguing to me is how much confidence these two investors have in Alam. In my opinion the price went down today possibly due to profit-taking by contra traders and dilution of shares to some extent. After the announcement, the demand for the stock was not immediate as you can see today thus there is no push for its price to increase. But I foresee that this will improve with time, especially if more projects secured by Alam.

Posted by 33448923 > 2014-04-24 16:14 | Report Abuse

kaki takut sudah lari harga sudah steady besok enjin start lari ~~yes alam gogogo

Posted by samsung555 > 2014-04-24 16:46 | Report Abuse

Benalec, Destini shares sold at substantial discount

PETALING JAYA: Benalec Holdings Bhd and Destini Bhd saw a substantial block of their shares being traded off-market at a significant discount yesterday.

A filing with Bursa Malaysia indicated that Benalec managing director Datuk Leaw Seng Hai had disposed of a block of his 45 million shares in Benalec via an off-market transaction at 77 sen apiece.

This represented a discount of 13.5 sen, or 14.9%, to Benalec’s last-traded price. The counter yesterday gained one sen to close at 90.5 sen on a volume of 5.87 million shares.

The block of shares that Leaw had sold represented a 5.57% stake that he had indirectly held in Benalec via Oceancove Sdn Bhd and Oceanview Cove Sdn Bhd. Following the disposal, Leaw still has an indirect interest of 47.33% and direct interest of 0.055% in the marine and civil engineering-based company.

Destini, on the other hand, saw 31.12 million shares, or a 4.3% stake based on its paid-up of 721.96 million shares, cross off-market at 35 sen per share.

This represented a discount of 22 sen, or 38.6%, to Destini’s closing price of 57 sen. The counter yesterday fell five sen on a volume of 2.19 million shares.


http://www.thestar.com.my/Business/Business-News/2014/04/10/Benalec-Destini-shares-sold-at-substantial-discount/

Posted by 33448923 > 2014-04-24 17:05 | Report Abuse

Date Open Price Target Price Upside/Downside Price Call Source News
24/04/2014 1.65 1.96 +0.31 (18.79%) BUY RHB
24/04/2014 1.65 1.90 +0.25 (15.15%) BUY MAYBANK
24/04/2014 1.65 2.10 +0.45 (27.27%) BUY KENANGA
24/04/2014 1.65 2.05 +0.40 (24.24%) BUY AMMB

Posted by xiang > 2014-04-24 17:06 | Report Abuse

24/04/2014 1.65 1.96 +0.31 (18.79%) BUY RHB
24/04/2014 1.65 1.90 +0.25 (15.15%) BUY MAYBANK
24/04/2014 1.65 2.10 +0.45 (27.27%) BUY KENANGA
24/04/2014 1.65 2.05 +0.40 (24.24%) BUY AMMB

Posted by Powersourse > 2014-04-24 17:30 | Report Abuse

Market talk Alam will merge with Barakah

Posted by cmchin > 2014-04-24 23:13 | Report Abuse

Many research house recommended to buy call for Alam. Yeah!

Posted by steelheart > 2014-04-25 00:30 | Report Abuse

Lol...alam merge with barakah? This is one damn power rumor..lol...

Posted by steelheart > 2014-04-25 00:30 | Report Abuse

Then the company called alam barakah? Heheheh

Posted by zero > 2014-04-25 00:56 | Report Abuse

maybe alamah. haha

Posted by wee888 > 2014-04-25 07:57 | Report Abuse

Be positive in our thinking!!! That is the basic tenet in feng shui. Believe ia boleh, ia akan terjadi!!!

Posted by imoogi99 > 2014-04-25 09:56 | Report Abuse

The new merger entity will be called Barak Alam...Barack Obama will witness with mou signing....lol!

Posted by Gokula Krishnan > 2014-04-25 10:12 | Report Abuse

If merge is true, chances are the merge price should be around 1.5-1.55, so going in above that would be a risky thing