Posted by Good123 > 2022-10-12 08:03 | Report Abuse

:)

The Impact of Earnings Management on Stock Price Crash Risk: An Analysis of Malaysian Firms 2022
Author(s) : Wan Marhaini Binti Wan Ahmad,Nurul Shahnaz Binti Ahmad Mahdzan

Posted by Good123 > 2022-10-12 08:13 | Report Abuse

Factors Eliciting Corporate Fraud in Emerging Markets: Case of Firms Subject to Enforcement Actions in Malaysia 2019
Author(s) : Nurul Shahnaz Binti Ahmad Mahdzan,Rozaimah Zainudin

Posted by Good123 > 2022-10-12 09:51 | Report Abuse

Corporate Ownership & Control / Volume 15, Issue 1, Fall 2017
65
EARNINGS MANIPULATIONS IN POLITICALLY
INFLUENCED FIRMS
Muhammad Sadiq*, Zaleha Othman**
*Tunku Intan Safinaz School of Accountancy, Universiti Utara Malaysia, Malaysia
**Othman Yeop Abdullah (OYA) Graduate School of Business, Universiti Utara Malaysia, Malaysia

Posted by Good123 > 2022-10-12 09:52 | Report Abuse

Bleibtreu & Königsgruber (2015), who studied
political connections, corporate governance and
financial reporting, opined that corporate political
connections are a global phenomenon and that it
creates complex economic consequences. Some
scholars also pointed the trend of political
connections and financial reporting occurred both in
emerging markets and developed economies.
Cheema, Munir & Su (2016) and Chen, Ding & Kim
(2010) for example, inferred that political
connections affect corporate performance, thus
developed economic consequence.
There is also empirical evidence that confers
similar observation, i.e. political connections
influenced corporate performance. Studies assert
that politically influenced firms were more involved
in accruals earnings management (Al-dhamari &
Ismail, 2015; Chaney, Faccio & Parsley, 2011; and
Balkaoui, 2004) hence, affect firm performance.
Faccio (2006), for example, concluded that there is a
positive relationship between the two, political
connection and firm value. Like Faccio, other
researchers also found similar outcome (Wu, Wu,
Zhou & Wu, 2012; and Li, Meng, Wang & Zhou, 2008),
where they found politically influenced firms
involved in managing earnings and producing less
transparent earnings to hide their political rents
which they get from their connections (Braam et al.,
2015; and Chaney et al., 2011). Some even associated
political connections to business practices (Faccio,
Masulis and McConnell, 2006).
Pakistan is not excluded from the abovementioned phenomenon. Some even view that the
corruption in Pakistan escalates that political
connections influenced on earnings management
(Saeed, Belghitar & Clark, 2015). This paper argues
based on the theory of political connection, which
precept that there is interdependence between
corporate political connectedness and financial
reporting. The theory builds on the assertion that
corporate political connections affect the
government’s roles, which are: the power to affect
corporate well-being and mediates conflict between
corporate actors (Bleibtreu & Königsgruber, 2015).
The theory provides predictions that inform the
effect between political connections and reporting
quality. The theory suggests that political
connection leads to reporting manipulation.
Grounded by the said theory, this paper argued
that it is highly likely that there is a relationship
between political influences and earnings
management. This paper examines the relationship
between the politically influenced firms and
earnings quality (measured as earnings opacity and
accruals earnings management). Specifically, this
paper investigates whether accruals earnings
management and earnings opacity differ between
politically influenced firms and non-politically
influenced firms. The paper contributes to the
growing literature on earnings quality.

Posted by Good123 > 2022-10-12 09:53 | Report Abuse

tunggulah, pru dah sampai... good luck semua :)

Posted by Good123 > 2022-10-12 09:54 | Report Abuse

Interesting!

Politically Influenced Firms
According to (Saeed et al., 2015), politically
influenced firms’ means firms’ connections with
government officials or politicians and have
influenced on firms decision making. Influenced in
this respect means cronyism (political appointments
in firms) or shareholding or political board of
directors (Cheema et al., 2016; Saeed et al., 2015;
and Chaney et al., 2011).
Another perspective of political influenced is
through connections with individuals who have
position(s) in the government (Faccio, 2006; Johnson
& Mitton, 2003; Fisman, 2001), through state
ownership of firms (Capalbo, Frino, Mollica &
Palumbo, 2014), the presence of politician(s) or their
close relatives on the board of director (BOD) or in
senior management (Cheema et al., 2016; and Saeed
et al., 2015), the presence of former Bureaucrat or
army officer on the BOD or in senior management
(Cheema et al., 2016; and Narayanaswamy, 2013).
Due to its influence by the government official or
politicians, there is empirical evidence that
politically influenced firms impacted the firms’
earnings quality.
Prior studies identify political influences as
rent-seeking activities where firms use resources in
bribing or lobbying to get preferential treatment and
privileges from government officials. Khan and Jomo
(2000) explained the rent-seeking activities; activities
that involve bribing, lobbying or through political
connections.

Posted by Good123 > 2022-10-12 15:39 | Report Abuse

MALAYSIA BUDGET 2023 – Pre-election Budget to Boost Sentiment
Highlights:
Announcements Comments
Numbers at a Glance:
The budget reveals that the government is
steadfast in keep the fiscal policy with much
discipline with lower budget of 5.5% of GDP for
2023 from an estimated 5.8% this year, amid
an uncertain global environment.
We believe the leaner budget is set due to
expected slow growth as the GDP growth
target of 4-5% for 2023, which is lower than the
higher revision target of 6.5-7.0% for 2022
since the government revenue is projected to
drop by 4.4% in 2023. The forecasted decline
is largely attributed to lower petroleum-related
income due to lower oil prices and petroleum
income tax and partially offset by higher
contribution from company income tax,
individual income tax and SST.
Meanwhile, operating expenditures are
expected to decrease mainly due to lower
spending on subsidies and social assistance.
The spending on Covid-19 will decrease but
the reduction will be offset by a higher
allocation in development expenditure.
Automotive
 To exempt import and excise duties for imported CBU
electric vehicles (EV).
 To continue the Green Investment Tax Allowance (GITA)
and Green Income Tax Exemption (GITE) until end of
2025.
The budget has put heavy emphasis on EV
development, in line with the global initiative
towards carbon neutral by 2050. The
exemption of duties and approved permit (AP)
fees should narrow the price gap between
The tabled Budget 2023 themed “Keluarga Malaysia, Makmur Bersama” (the Budget) with 4 key focus
areas 1) strengthening the momentum of economic recovery, 2) building economic resilience and 3)
catalysing comprehensive reforms.
As the parliament has just been dissolved, the Budget fails to be debated at the policy and committee
levels, hence a new budget will be drawn up after a new government is formed following the November
general election. However, the new Finance Minister is likely to use the Budget as the base and amend in
accordance with the new government’s agenda.
As for the Budget, we were taken by surprise with the absence of new taxes and extension of Cukai
Makmur, hence provide some optimism on corporate earnings. Meanwhile, the absence of subsidy reform is
not within our expectations given the government’s stretch finances.
With macro headwinds gaining momentum as Europe faces self-inflicted energy crisis, stubbornly high
inflationary pressure globally, deteriorating relationship between the super powers and aggressive monetary
tightening interest rate, market is increasing concern about a global economic recession. Hence, we were
not surprised with a lower GDP growth forecast for 2023. Overall, the key beneficiaries include consumer,
healthcare, technology, tourism related sectors such as aviation and gaming – casino operator and brewery
(absence of duties hike).

Posted by Good123 > 2022-10-12 15:41 | Report Abuse

Property
• Increased stamp duty exemption for first-time home
buyers to 75% from 50% for homes priced above
RM500k up to RM1m until 31 December 2023. Stamp
duty is set at RM10 for property transfers between family
members.
• To allocate RM367m to construct people's housing
projects (PPRs) for 12,400 new residents.
• To allocate RM358m for the construction of 4,250 houses
under Rumah Mesra Rakyat.
• 100% stamp duty exemption on loan restructuring or
rescheduling agreements or financing until 2024.
• RM3b for 12k lenders of Pinjaman Syarikat Krefit
Perumahan (SJKP).

Posted by nightmare007 > 2022-10-12 15:52 | Report Abuse

Budget belum diluluskan, macam mana mau terbang~~~ @Good123 please share related news.. if not i rotan you

Posted by nightmare007 > 2022-10-13 10:10 | Report Abuse

@Good123 you late again!!! where are you????

Posted by Good123 > 2022-10-13 11:03 | Report Abuse

Politikus mau wang untuk pru, wait n see

KUALA LUMPUR: FTSE Bursa Malaysia KLCI (FBM KLCI) kembali pulih dan dibuka lebih tinggi sedikit hari ini, disokong oleh aktiviti memburu murah walaupun terdapat sentimen berhati-hati di Wall Street semalaman, kata seorang peniaga.

Posted by Good123 > 2022-10-13 13:51 | Report Abuse

terindah :)

Zaleha bte Othman, Saliza Binti Abdul Aziz, Subramaniam A/L Sri Ramalu, (2021). Theorising Corruption with a ‘Click’: Adopting Gioia Methodology. Turkish Online Journal of Qualitative Inquiry, 12(10), 1839 - 1851.
Murtaza Masud Niazi , Zaleha bte Othman, Sitraselvi a/p Chandren, (2021). The moderating role of director's financial expertise in political connections and corporate financial performance in Pakistan. Accounting, 7(4), 865 - 874.
Zaleha bte Othman, (2021). Forensic Accounting Investigation of Public Sector Corruption in Nigeria: The Gioia Methodology. Qualitative Report, 26(3), 1021 - 1032.

Posted by Good123 > 2022-10-13 14:03 | Report Abuse

suruh dia komen tentang pasukhas :)


Zaleha Othman is a senior lecturer. She earned her PhD in Accounting from the University Teknologi MARA (Malaysia), Master in Business Law from Leeds University (United Kingdom). Her doctoral thesis, for which she was supervised by Professor Rashidah Abdul Rahman and Professor Alan Lovell, explored ethics in corporate governance in Malaysia. She spent a year of postdoctoral at Cass Business School (London, United Kingdom). Her research mobilizes corporate governance and forensic accounting issue. Her other passion is qualitative research. She teaches qualitative research method, research methodology, forensic accounting and accounting theory practice. Currently she is involves in several research projects including theorising the meaning of corporate governance, ethical governance, Corruption and Professional Ethics, Tax Fraud Research, Political Connection and Corporate Governance. She has several government funded research such as FRGS, RAGS, and International Research funded by Transparency International Germany. Her research in corporate governance is concerned with the influence of ethics model and corruption act. She has published in the fields of corporate governance, ethics, corruption and professional ethics in several SCOPUS. She is a reviewer for several SCOPUS Journal (Accounting Research Journal, Jurnal Pengurusan, International Journal of Business Society) and several other journals such as Journal of Accounting and Taxation, British Journal of Applied Science and Technology, and European Management Review

Posted by nightmare007 > 2022-10-13 14:13 | Report Abuse

@good123 pru november, now already october... aiyooo kena tipu lagi ke...i rotan you. please do homework

Posted by Good123 > 2022-10-13 19:27 | Report Abuse

Nothing is impossible


KUALA LUMPUR (Oct 13): Township construction company Kumpulan Kitacon Bhd said it received the Securities Commission Malaysia’s (SC) approval on Thursday (Oct 13) to list on the Main Market of Bursa Malaysia.

The group said it intends to utilise the proceeds from its initial public offering (IPO) to support its business growth, and further strengthen its footing in the construction industry.

“We have come a long way since our humble beginnings in 1990, and are grateful to our people, customers and business partners for supporting us on our 32-year journey so far.

“We are confident that we will be able to grow our business moving forward, leveraging long established business relationships which we have built with our customers over the years,” said Kitacon managing director Tan Ah Kee in a statement.

According to Kitacon’s prospectus exposure dated July 5, the group will use the IPO proceeds for the purchase of construction equipment, purchase of land, and construction of a storage and refurbishment facility, as well as for working capital, and to defray the estimated listing expenses.

Kitacon specialises in township construction, which includes the construction of both residential and non-residential buildings within a development.

The listing exercise entails the public issuance of 76.09 million new shares in Kitacon, coupled with an offer of sale of 62.5 million existing shares by way of private placement to Bumiputera investors approved by the Ministry of International Trade and Industry.

Of the shares allocated for the public issue, 10 million will be made available to the Malaysian public, followed by 8.59 million to the group’s eligible directors, employees and persons who have contributed to its success.

Meanwhile, the remaining 57.5 million will be allocated to institutional and selected investors by way of private placement.

RHB Investment Bank Bhd is the principal adviser, sole underwriter and sole placement agent for the IPO.

For the financial year ended Dec 31, 2021 (FY2021), Kitacon posted a profit after tax of RM41.83 million, compared with RM39.2 million in FY2020 and RM54.79 million in FY2019.

As for revenue, the group logged RM455.5 million in FY2021, versus RM489.65 million in FY2020 and RM581.52 million in FY2019.

Posted by nightmare007 > 2022-10-13 20:17 | Report Abuse

Dont busy another company! focus on pasukgb!
don't be stubborn.. I rotan you..really bad boy ah

Posted by Good123 > 2022-10-14 08:31 | Report Abuse

Kub politically linked dah terbang, pasukhas next? Kaji sendiri :)

Posted by nightmare007 > 2022-10-14 16:06 | Report Abuse

Good123 ditipu lagi, ditipu berkali-kali masih tiada kesedaran...sungguh ............. HOHOHOHOHO

Posted by MichelleNg > 2022-10-14 17:34 | Report Abuse

No one will buy this conman stock. Unless suddenly limit up and all will chase in for no reason

Posted by 651158 > 2022-10-17 11:08 | Report Abuse

Good123 got any news

Posted by Good123 > 2022-10-17 11:52 | Report Abuse

Dana politik melalui pasukhas sebagai batu loncatan. Semoga jadilah. Sabar ya!

Posted by Good123 > 2022-10-17 12:58 | Report Abuse

Pru 15 mau wang. Jangan lepaskan terlalu awal, nanti menyesal pulak :)

Posted by Good123 > 2022-10-18 12:19 | Report Abuse

projek yayasan veteran ATM dianugerahkan kpd pasukhas.. muktamad... major shareholders tak mau buat projek ni, jualkan semua :)

Posted by Good123 > 2022-10-18 12:20 | Report Abuse

kalau pru 15 diadakan dalam minggu pertama nov, masa keemasan untuk membeli sedikit kini kot? :)

pendapat peribadi :p

Posted by Good123 > 2022-10-18 12:21 | Report Abuse

economic cycle, bertukar-tukar, kini trough, nanti expansionary pulak...........

Posted by Good123 > 2022-10-18 12:24 | Report Abuse

kalau tak mau risiko, belilah bon kerajaan :)

Posted by Good123 > 2022-10-18 12:25 | Report Abuse

pulangan lwn risiko - sentiasa in tandem :)

Posted by Mrcool > 2022-10-18 13:36 | Report Abuse

Kata2 manis good..kahkahkah

Posted by Good123 > 2022-10-18 15:46 | Report Abuse

Sesiapa pun boleh dakwa pengarah2 pasukhas jika tak syiok :)


KUALA LUMPUR: Datuk Wira Ng Chun Hau has filed a lawsuit against Caely Holdings Bhd and its board of directors over defamatory statements in a press release issued on Oct 6 this year.

The defamation lawsuit was filed in the Kuala Lumpur High Court, said Ng in a statement today.

In Caely's recent press release, Ng - who was executive chairman of the Perak-based lingerie and apparel manufacturer from February 2021 to May 2022 - claimed that the company had made several wrongful and baseless accusations which were defamatory against him.

"The publication of the defamatory statements was made maliciously with an ill motive to divert the attention of the public and authorities from the true wrongdoers to Dato' Wira Ng," he said in a statement released through Michelle Kuan Public Relations Consultancy.

"The publication of the defamatory statements in the press release and the republication of the defamatory statements by the various news media have caused serious harm to the reputation of Dato' Wira Ng in the corporate world and public at large causing Dato' Wira Ng to suffer considerable distress and embarrassment."

Ng is seeking damages for libel with aggravated and exemplary damages against Caely and its board.

He will also be applying for an injunction to retrain Caely and its board from further publishing the defamatory statements.

On Oct 5, Caely announced that its new board of directors had lodged a police report against 12 of its former directors including Ng, requesting the police to investigate any possible element of crime and suspected misappropriation of funds that had caused losses to the company and also the concealment of malpractice by members of its previous board.

Posted by Good123 > 2022-10-18 15:58 | Report Abuse

Good indicator


Kuala Lumpur: LBS Bina Group Bhd (LBS) mencatatkan nilai jualan RM1.604 bilion dengan 3,886 unit kediaman dijual, sekali gus mencapai sasaran jualan tahun kewangan 2022 sebelum tamat suku tahun terakhir.

Prestasi jualan yang memberangsangkan pada 2022 juga menyaksikan pertumbuhan tahunan 85.8 peratus pada 15 Oktober 2021 sebanyak RM863 juta.

Lembah Klang, secara khususnya menunjukkan kadar pengambilan membanggakan, apabila menyumbang 89 peratus daripada jumlah jualan.

Pengerusi Eksekutif LBS, Tan Sri Lim Hock San berkata, dengan berakhirnya pengecualian duti setem pada penghujung 2021, syarikat menjangkakan penurunan dalam jualan, sebaliknya beliau berpuas hati kerana LBS terus menerima kadar pengambilan yang menggalakkan untuk projek.

Beliau berkata, langkah kerajaan baru-baru ini untuk meningkatkan nilai pengecualian duti setem patut dipuji kerana nilai hartanah LBS berada dalam lingkungan RM500,000 dan dapat memberikan penjimatan bermula daripada RM21,000 bagi pembeli rumah kali pertama.

"Penggunaan kaedah digital telah menjadi kebiasaan dalam trend membeli rumah pada hari ini. Proses pencarian rumah yang betul boleh menjadi suatu proses membebankan.

"Matlamat kami dalam kaedah pendigitalan adalah membantu melancarkan proses menyediakan sistem robotik dan automasi bermula daripada proses pembinaan sehingga pengambilan kunci.

"Pembeli rumah juga boleh melihat proses pembinaan secara berkala dengan rakaman dron, laman web yang menyeluruh di mana bakal pembeli akan dapat melihat contoh rumah melalui rumah pameran maya, menjawab pertanyaan melalui meja bantuan dan membuat tempahan dalam talian, dan keseluruhan proses ini dilakukan di hujung jari sahaja.

"LBS optimis mengekalkan momentum sehingga akhir tahun ini," katanya dalam kenyataan.

Menurutnya, di sebalik masalah kekurangan tenaga kerja yang melanda negara, kenaikan harga bahan dan pemulihan ekonomi negara dalam fasa endemik yang terbukti memberikan cabaran kepada pemaju perumahan di Malaysia, terutama segmen hartanah rumah mampu milik, LBS berupaya menghadapinya malah berjaya mengatasi sasaran jualan tahun sebelumnya sebanyak hampir dua kali ganda.

Sebahagian daripada kejayaan itu disumbang teknologi Sistem Binaan Berindustri Pratuang (IBS) milik anak syarikatnya, MGB Bhd yang membantu mempercepatkan proses pembinaan, mengurangkan kos operasi, tanpa menjejaskan kualiti binaan.

LBS turut melaporkan bahawa projek pembangunan di Lembah Klang menyumbang lebih daripada 84 peratus daripada hasil enam bulan pertama tahun kewangan 2022.

Katanya, jumlah tunai dan kesetaraan tunai syarikat, pada akhir Jun 2022, adalah RM265.7 juta, iaitu peningkatan sebanyak 62 peratus berbanding enam bulan pertama tahun kewangan 2021.

Pada suku kedua berakhir 30 Jun 2022, LBS menyaksikan pendapatannya meningkat sebanyak 54 peratus tahun ke tahun kepada RM410.4 juta manakala pendapatan sesaham meningkat kepada 2.25 sen daripada 1.04 sen berbanding tahun sebelumnya.

Pada 30 Jun 2022, hasil keuntungan syarikat dalam tempoh enam bulan meningkat sebanyak 23 peratus tahun ke tahun kepada RM819.4 juta manakala pendapatan sesaham meningkat kepada 3.70 sen berbanding 2.37 sen pada tahun sebelumnya.

Untuk tahun yang mendatang, LBS akan terus bergerak maju seiring perancangan dan perubahan paradigma secara menyeluruh.

Antaranya termasuk melalui penerokaan perkongsian dan kerjasama baharu, di mana LBS sentiasa terbuka dengan sebarang kerjasama yang membawa manfaat jangka panjang.

Antara kerjasama yang telah dimeterai termasuk bersama kerajaan negeri Selangor melalui pelancaran Projek Rumah Selangorku MBI serta kerjasama dengan Watsons melalui kempen 'Shop with Watsons & Walk Away with a Home'.

Di samping itu, LBS turut melancarkan kempen pemasaran 'LBS Fabulous Extra 2021-23' yang memberikan ganjaran kepada pemilik rumah dengan pelbagai hadiah menarik.

Inisiatif ini membolehkan syarikat membangunkan potensi pemasaran selain menyediakan perkhidmatan yang mensasarkan pelbagai lapisan masyarakat di samping memperkukuhkan pangkalan data.

Misi utama LBS ialah membina rumah untuk rakyat dan Syarikat menjangkakan untuk melancarkan 17 projek di Lembah Klang, Johor, Pahang, dan Perak untuk tahun akan datang.

Posted by Good123 > 2022-10-18 16:01 | Report Abuse

Petunjuk baik


KUALA LUMPUR (Oct 18): Sunway Construction Group Bhd (SunCon) could be poised for a better financial year in 2023 if it is able to augment its existing RM4.2 billion order book with multiple Mass Rapid Transit 3 (MRT3) bids as well as precast wins, riding on a strong pipeline, said Hong Leong Investment Bank (HLIB) Research.

The research house said in a report on Tuesday (Oct 18) that it expects a weaker second half ending Dec 31, 2022 (2HFY2022) for SunCon, as several projects from 1HFY2022 are approaching the tail end and releasing buffers to the profit and loss statement.

It said that with newly secured projects still ramping up, the earnings recognition cycle still not strong, and labour supply issues affecting the sector, there will be a weaker sequential top line and slight marginal deterioration.

“We have tweaked our FY2022/23 forecasts down by 5.4%/1.3%, but increased our FY2024 forecast by 4.5%, because of a delay in order book replenishment next year and slower contributions from the integrated construction and prefabrication hub (ICPH) plant.

“However, we maintain 'buy', with a target price of RM1.86 from RM1.90,” it said.

HLIB also expects the ICPH plant to ramp up and start contributing positively by early 2023, as the plant is undergoing a commissioning process and could start before year end.

“The ICPH plant is a fully robotic automated precast plant, and with this, SunCon’s precast product range expands to comprise large panel slabs, precast walls and tunnels for infrastructure projects, versus current prefab bathroom units”, it said.

The research house also pencilled in total wins worth RM3.2 billion in FY2023, with RM2 billion from MRT3 and the balance from combining internal, precast, Light Rail Transit 3 (LRT3) and external jobs.

According to HLIB, SunCon hopes to increase its existing RM4.2 billion order book with multiple MRT3 bids and precast wins due to a strong pipeline.

HLIB noted key tender developments from SunCon, as it bids for the MRT3’s CMC301 and CMC302 packages, undertaken through a joint venture/consortium with SunCon holding major stakes.

Outside of the MRT3, the group could secure roughly RM200 million to RM300 million from a residential project, as well as benefit from an increased scope of the LRT3 (an additional RM1 billion) should it materialise next year.

HLIB added that awards of these packages could come in the first quarter of 2023 if there are no drastic policy changes post 15th general election (GE15).

In the labour sector, SunCon has been receiving more workers, and expects roughly another 250 foreign workers by the end of October, bringing its tally of direct foreign hires to 400-500.

This still falls below its pre-pandemic level of 600-800, and it is reasonable to expect higher labour requirements with order book levels likely to go up next year, HLIB said. “We think that the number should gradually go up, but inflated daily wage rates are likely to persist as rates for general workers have surged by 30%-50% this year, while skilled rates have gone up further.

“Apart from that, the implementation of a multi-tier foreign levy could result in a blended 20%-30% increase in levies, and this does add to the sector's inflationary cost burden, though marginal,” it added.

“SunCon is well positioned to partake in various infrastructure roll-outs ahead, and if there are no major policy changes post GE15, the current share price weakness leads us to see it as a good entry point,” HLIB concluded.

At the time of writing, SunCon's share price was unchanged at RM1.53, valuing the group at RM1.98 billion.

Posted by Mrcool > 2022-10-18 20:07 | Report Abuse

Petunjuk je baik..yg x baik good 123..kene kencing..kohkohkoh

Posted by Good123 > 2022-10-19 07:57 | Report Abuse

Historical p/b value = 0.5, nta kini =11sen... Harga semasa sepatutnya 0.5 x 11sen= 5.5sen .

Tengok, ia boleh memecut sampai > 5sen... Politically linked jangan kata tidak

Posted by Good123 > 2022-10-19 08:08 | Report Abuse

Dapat ni dapat tu... Harga belum bangkit lagi :)


KUALA LUMPUR: Pasukhas Sdn Bhd, anak syarikat milik penuh Pasukhas Group Bhd dianugerahkan kontrak untuk membekal, melaksana dan menyiapkan sebuah pusat data di Cyberjaya.

Kontrak bernilai RM11.9 juta itu dianugerahkan oleh Exyte Malaysia Sdn Bhd, kata Pasukhas dalam makluman kepada Bursa Malaysia hari ini.

Ia berkata, skop kerja merangkumi kerja-kerja awal dan antara muka, selain mengendalikan tempahan kerja diluluskan dan baik pulih kerosakan.

"Tarikh mula kerja adalah pada 1 September. Ia dijangka menyumbang secara positif kepada perolehan masa depan kumpulan dan perolehan sesaham," katanya.

Bulan lalu, Pasukhas, menerusi anak syarikat, Pasukhas Construction Sdn Bhd memperoleh kontrak bernilai RM7.08 juta daripada Exyte Malaysia untuk melaksanakan kerja substruktur kontrik bagi bangunan utama projek Kilang 3 Dexcom Malaysia di Pulau Pinang.

Posted by Good123 > 2022-10-19 10:13 | Report Abuse

Enjoy the ride :)

KUALA LUMPUR (Oct 19): No matter how the upcoming 15th general election (GE) plays out, markets are not likely to sit still.

The FBM KLCI index, the FBM Emas (that comprises all large, mid and small-cap companies) and the FBM Small Cap index will continue to be volatile leading up to the GE, said equity market analysts and fund managers, adding that the swing in share prices as the GE nears is an indication that the market is nervous about the next occupant of Putrajaya.

Posted by Good123 > 2022-10-19 21:21 | Report Abuse

Media Release: SC Signs Supervisory Cooperation MMoU at Global Regulators Meeting



#regulator #cooperation #IOSCO

Posted by Good123 > 2022-10-19 22:56 | Report Abuse

Patut buat yang sama :)

Permodalan Nasional Bhd is planning to vote against Hong Leong Bank Bhd’s proposal to issue and allot shares.

Posted by Good123 > 2022-10-19 22:57 | Report Abuse

Glomac Bhd has projected that its sales for FY23 will surpass what it recorded last year.

Posted by Good123 > 2022-10-19 22:58 | Report Abuse

Ya saya tunggu someone acquires pasukhas hahaha


KUALA LUMPUR (Oct 19): Reneuco Bhd, through its subsidiary Reneuco RE Sdn Bhd, has entered into a conditional share sale agreement (SSA) with OHP Ventures Sdn Bhd (OVSB) to acquire Adat Sanjung Sdn Bhd (ASSB) for RM90 million in a cash-plus-shares deal.

ASSB, through its wholly-owned Pristine Falcon Sdn Bhd (PFSB), controls a 70% stake in One River Power Sdn Bhd (ORP), which is a special purpose vehicle (SPV) established to undertake the development of hydropower plants in Sabah.

ORP is also licensed by the Sustainable Energy Development Authority of Malaysia (SEDA) under the Feed-in-Tariff (FiT) programme.

According to the announcement on Bursa, Reneuco RE will acquire the entire stake in ASSB from OVSB for RM90 million, of which RM20 million will be satisfied in cash payments. The remaining RM70 million will be acquired via the issuance of 318.18 million new shares in Reneuco at an issue price of 22 sen per share.

As a result of the acquisition of ASSB, Reneuco will indirectly own 70% interest in ORP.

The remaining 30% stake in ORP is held by Inno Hydropower (B) Sdn Bhd — a wholly-owned subsidiary of Kumpulan Yayasan Sabah.

It is worth noting that in April, Reneuco had initially wanted to acquire a 100% stake in ORP for RM130 million in a cash-plus-shares deal. The group struck a deal with PFSB, but Inno Hydropower was not keen to sell.

Consequently, Reneuco had decided not to proceed with the acquisition of ORP, and instead, is now making a move to acquire ASSB, the ultimate holding company of ORP.

Meanwhile, it should be noted that E&E Catalyst Sdn Bhd, a venture capital firm ultimately-controlled by the Ministry of Finance (MOF), owns 10 million redeemable cumulative convertible securities (RCCPS) in ORP.

Under the latest deal, OVSB will renounce up to 87.66 million consideration shares in Reneuco to E&E Catalyst, which will then emerge as a substantial shareholder of Reneuco with a 10.18% stake.

Notably, ORP had on Sept 23, 2014 signed three exclusive renewable energy power purchase agreements with Sabah Electricity Sdn Bhd (SESB) for hydro projects involving the development, design, financing, construction, installation, testing, operation, management and maintenance of three small hydro power plants, with a total combined power generation of 29.1MW.

ORP had been given the FiT approval dated May 15, 2014 for each of the agreement by SEDA. The three hydropower plants are located at Upper Sungai Bengkoka, Lower Sungai Bengkoka and Sungai Togohu, in Sabah.

As at the latest practicable date, the Lower Sungai Bengkoka hydro plant has commenced its commercial operations, whereas the remaining two plants are still in the construction phase.

Reneuco, formerly known as KPower Bhd, is principally in the business of sustainable energy and utilities. The group also operates in several other sectors including logistics, healthcare, property development and property investment.

Reneuco believes that the proposed acquisition will provide the group an opportunity to expand its reach to East Malaysia and asset ownership under the renewable energy spectrum.

“The proposed acquisition will result in the group’s asset ownership under the renewable energy spectrum to increase to approximately 120MW, thus strengthening the group’s concession-based recurring income for a long-term sustainability, on top of its engineering, procurement, construction and commissioning (EPCC) contracts,” said the announcement.

Reneuco added that the proposed acquisition has potential to contribute toward the growth of the group over the medium- to long term, given that the Lower Sungai Bengkoka has commenced commercial operations, while the Upper Sungai Bengkoka and Sungai Togohu plants are expected to commence commercial operations by 2023.

For the proposed acquisition, Reneuco intends to fund the cash consideration portion of RM20 million through internally-generated funds and/or borrowings.

As at June 30 this year, Reneuco’s cash and bank balance stood at RM33.98 million.

“The completion of the proposed acquisition will mark another milestone for Reneuco, as it will enhance our asset ownership in the renewable energy segment by another 29.1MW.

This, on top of our existing solar asset in Pekan, Pahang with a total generation capacity of 50MW and our existing hydro asset with a total generation capacity of 40.4MW in Gua Musang, Kelantan, will bring the total up to 119.5MW, a big step on our way to become a truly renewable energy and sustainable economy powerhouse, said Reneuco’s executive chairman Datuk Mustakim Mat Nun in a press statement.

Barring any unforeseen circumstances, the group expects the proposed acquisition to be completed in the fourth quarter of this year.

At the time of writing, Reneuco Bhd’s share price was down half a sen or 2.17% at 22 sen, valuing the group at RM122.13 million.

Posted by Good123 > 2022-10-20 06:18 | Report Abuse

Tiada yang mustahil:)


KUALA LUMPUR (Oct 19): Caely Holdings Bhd said it has filed a suit against its founder and former executive director Datin Fong Nyok Yoon, her husband and former managing director Datuk Chuah Chin Lai, and 10 of its ex-directors over the alleged misappropriation of RM30.55 million of its unit’s funds.

The other defendants named in Caely’s suit are the company’s former chairman Datuk Wira Ng Chun Hau and former board members Siow Hock Lee, Ooi Say Teik, Hem Kan @ Chan Hong Kee, Ng Boon Kang, Tan Loon Cheang, Lim Chee Pang, Lim Say Leong, Beh Hong Shien and Gok Ching Hee.

“The cause of this action arises from the misappropriation of funds of not less than RM30.55 million from Caely (M) Sdn Bhd (CMSB), conducts of non-disclosure of the systematic misappropriation, fraudulent concealment, conspiracy, fraud and deception, breach of directors’ duties arising from or related to the systematic misappropriation,” the Perak-based lingerie and apparel maker said in a filing with Bursa Malaysia on Wednesday (Oct 19).

Together with its unit, Caely is seeking, among others, RM30.55 million in special damages, as well as general damages with exemplary damages deemed appropriate to be awarded by the court.

The suit comes just a day after Chun Hau announced that he has filed a defamation suit in the High Court against the troubled company and its new board, over defamatory statements in connection with the RM30.55 million misappropriated funds.

Chun Hau is seeking damages for libel, with aggravated and exemplary damages against Caely and its board of directors.

On Oct 6, Caely had lodged a police report against these same 12 former board members over the alleged misappropriation of funds during their tenure.

Caely shared that it had, in the police report, expressed its suspicions that there was an effort to cover up related irregularities by the previous board.

“This is because although a forensic investigation has been initiated by the previous board (led by Chun Hau) through the appointment of Virdos Lima Consultancy (M) Sdn Bhd in April, the previous board had failed to cooperate fully, abruptly resigned and [there] appeared to be an attempt to thwart any necessary legal investigation.

“The appointment of Virdos Lima by the former board shows that the members at that time were aware of the said irregularities. As such, Caely had requested that the police investigate the elements of crime and misconduct that have caused losses to Caely, and also the concealment of such wrongdoings by the members of the previous board,” it added.

Shares of Caely ended unchanged at 28 sen on Wednesday, giving the company a market capitalisation of RM72.31 million.

Posted by MichelleNg > 2022-10-20 06:25 | Report Abuse

Waiting break above 10cents only can join the trend. No reason for sharks to eat now.

Posted by Good123 > 2022-10-20 14:09 | Report Abuse

Bertahan ya!

https://paultan.org/2022/10/20/malaysia-ge15-set-on-november-get-your-car-ready-for-the-drive-home-to-vote-in-the-elections/

Posted by Good123 > 2022-10-20 14:13 | Report Abuse

Giliran dah hampir tiba :)

KUALA LUMPUR: Harga saham dalam lima sektor domestik dijangka bertahan dalam tempoh ketidaktentuan politik menjelang Pilihanraya Umum ke-15 (PRU-15).

Penganalisis Kenanga Research, Joshua Ng, berkata sektor membabitkan perbankan; syarikat telekomunikasi; pembuat/pengedar kereta; peruncitan pasaran pertengahan; dan pembinaan dilihat bakal menjadi 'perlindungan' kepada pelabur di tengah-tengah tekanan luaran yang semakin meningkat.

"Kami mengekalkan sasaran akhir tahun penanda aras FTSE Bursa Malaysia KLCI (FBM KLCI) kepada 1,500 mata di mana pasca PRU-15 akan terus memberi sokongan tinggi kepada penggunaan domestik," katanya dalam nota penyelidikan bersama rakan penganalisis Kenanga Research.

Posted by Good123 > 2022-10-20 16:27 | Report Abuse

Sudden surge, apa2 pun boleh jadi :) sabar ya!



With Malaysia transitioning to the endemic phase of Covid-19, the primary and secondary property markets in Penang were active in the second quarter of the year, says Nawawi Tie Leung Property Consultants Sdn Bhd executive director and regional head of research and consulting Saleha Yusoff.

Based on data from The Edge | Nawawi Tie Leung Property Consultants Penang Housing Property Monitor 2Q2022, there were some price movements in the secondary market, after several quarters of flat price and rental performances.

Posted by Good123 > 2022-10-20 17:34 | Report Abuse

Good123

Nta Masih 11sen selepas pengarah2 dapat banyak syer esos dan bagi private placement kpd kroni... Tak pedulilah.

Historical P/b value =0.5 menurut maybank research... Sepatutnya, at least, harganya ~5.5sen... 0.5 x 11sen= p/b value x nta

Posted by Good123 > 2022-10-20 22:16 | Report Abuse

Forensic audit bagi pasukhas?


KUALA LUMPUR (Oct 20): Caely Holdings Bhd’s new board of directors, led by executive chairman Ng Keok Chai, said Virdos Lima Consultancy (M) Sdn Bhd will resume its forensic audit into allegations of suspicious and irregular transactions at the Perak-based lingerie manufacturer’s wholly-owned subsidiary Caely (M) Sdn Bhd (CMSB).

In June, two months after its appointment as forensic auditor, Virdos Lima had called it quits, saying it could not continue with its forensic audit, as critical information was not available.

When contacted on Thursday (Oct 20), a spokesperson for Caely told The Edge that Virdos Lima, with support from the company’s new board of directors, will be able to continue with its forensic investigation.

“Yes, [Virdos Lima] will resume the forensic investigation. The new board will give their full support to enable Virdos Lima to continue their investigation,” the spokesperson said.

The Caely spokesperson also noted that Virdos Lima’s appointment had never been terminated, and added that the probe had only been put on hold due to the lack of information the forensic auditor had access to.

“So, now with the support from the new board to give them access to the necessary information, they will be able to continue,” the spokesperson added.

Earlier, Virdos Lima had said key documents such as, but not limited to, invoices, payment vouchers, receipts and agreements, could not be located. On top of that, various company’s electronic devices that were assigned to key suspects in its investigation had been removed and/or could not be located at the premises of Caely.

In a bourse filing on Thursday, Caely said Virdos Lima has informed that its investigation will be able to continue with support from the new board, including providing the necessary documentation relevant to their investigation, to the extent possible.

It also said that the new board has withdrawn the legal letter of demand dated Oct 11 against Virdos Lima -- seeking the return of full documentation of CMSB handed to Virdos Lima by Caely’s previous management for purposes of conducting the forensic audit -- with immediate effect.

“The board of Caely wishes to inform that Virdos Lima had on Oct 20 presented [its] preliminary finding updates, which had been previously presented to the former directors on three separate occasions,” it added.

On Oct 5, Caely announced that its new board had lodged a police report against 12 of its former directors, requesting the police to investigate any possible element of crime or suspected misappropriation of funds amounting to RM30.55 million that had caused Caely losses and also the concealment of malpractice by members of its previous board.

The former directors under police investigation were identified as Datuk Wira Louis Ng Chun Hau, Caely's founder and former executive director Datin Fong Nyok Yoon, Fong's husband Datuk Chuah Chin Lai (who was the group's managing director from October 2002 to April 2021), Siow Hock Lee, Ooi Say Teik, Hem Kan @ Chan Hong Kee, Ng Boon Kang, Tan Loon Cheang, Lim Chee Pang, Lim Say Leong, Beh Hong Shien and Gok Ching Hee.

On Oct 7, Chun Hau, who was executive chairman of Caely from February 2021 to May 2022, said that upon discovery of the alleged misuse of company funds by certain former directors of Caely — which he said happened before his appointment as Caely’s non-executive chairman on Dec 8, 2020 — he took swift action to initiate investigation into the allegation by appointing Virdos Lima to carry out the forensic audit.

Shares of Caely ended unchanged at 28 sen on Thursday, giving the company a market capitalisation of RM72.31 million.

Posted by nightmare007 > 2022-10-21 09:32 | Report Abuse

PRU dah diumumkan, harga masih sama? huhuhu.. ditipu lagikah?

@good123 please create another story.

Posted by Michael R. > 2022-10-21 11:48 | Report Abuse

Its their simple game.. u still hold price wont move??

Posted by Good123 > 2022-10-21 12:57 | Report Abuse

Pengarah2 pasukhas dijangka akan melakukannya :)


KUALA LUMPUR (Oct 21): Press Metal Aluminium Holdings Bhd’s Koon brothers have offloaded 123.59 million shares off-market, representing a 1.5% stake in the company, for RM605.59 million, local bourse filings showed.

The shares were sold on Tuesday (Oct 18) at RM4.90 apiece, according to the group's filings with Bursa Malaysia on Wednesday.

At the time of writing on Friday, the share price of the largest aluminium smelting and extrusion company in Southeast Asia was one sen lower at RM4.38, giving it a market capitalisation of RM36.09 billion.

The shares were sold by the five Koon brothers, namely group chief executive officer Tan Sri Koon Poh Keong (51.59 million), executive vice-chairman Koon Poh Ming (20 million), and executive directors Koon Poh Weng (30 million), Datuk Koon Poh Tat (17 million), and Koon Poh Kong (five million).

This is the second time within two months the Koon brothers have sold their shares.

On Sept 7, Poh Ming, Poh Tat and Poh Weng sold a collective eight million shares, also at RM4.90 per share, for RM39.2 million.

In total, the major shareholders have sold a collective 1.597% stake in Press Metal between Sept 7 and Oct 18. Total issued shares in the group stood at 8.24 billion.

This leaves the brothers with a collective direct stake of 16.9% in Press Metal, and an indirect stake of 38.91% — including Poh Keong’s deemed interest in Alpha Milestone Sdn Bhd, which holds a 34% stake in the listed entity.

Shares in Press Metal, which has operations in Malaysia and China, have come off their peak of RM7.22 on March 4, in tandem with the drop in aluminium prices in the commodity markets.

For the six months ended June 30, 2022 (1HFY2022), the group saw its net profit rise 80% to RM830.19 million, from RM461.3 million a year ago. Earnings per share stood at 10.18 sen, from 5.71 sen for 1HFY2021. Revenue rose 67.21% to RM7.93 billion, from RM4.74 billion.

Posted by Good123 > 2022-10-21 20:56 | Report Abuse

Tunggulah takeover offer. 10sen & above :)


KUALA LUMPUR (Oct 21): Stella Holdings Bhd said the diversified company had on Friday (Oct 21) received a notice of unconditional mandatory takeover offer at 95 sen a share from joint offerors Varia Engineering & Services Sdn Bhd (VES), Datuk Lau Beng Wei and Datuk Lau Beng Sin (joint offerors), who collectively intend to acquire the remaining Stella shares not owned by them.

The takeover offer comes after the joint offerors had on Friday entered into an unconditional share sale and purchase agreement with a group of shareholders to acquire a total of 34.66 million shares in Stella, representing 51.73%.

The shareholders disposing of their stakes in Stella are Nova Premium Sdn Bhd (22.39%), Anjuran Utama Sdn Bhd (8.09%), Fine Approach Sdn Bhd (7.91%), Westiara Development Sdn Bhd (4.65%), Cerdik Cempaka Sdn Bhd (4.48%), Datuk Seri Lee Tian Hock (1.49%), Datuk Mohammad Haslah Mohmmad Amin (1.49%), Yong Soi Mee (0.94%), Lee Tian Huat (0.15%) and Datuk Tan Gee Swan @ Tan Suan Ching (0.15%).

As a result of the unconditional share sale and purchase agreement, which will lift the joint offerors' shareholding to 51.73%, they are obligated to extend a mandatory takeover offer to acquire all the remaining ordinary shares in Stella not already owned and any new shares in the company that may be allotted and issued prior to the closing date of the offer arising from the exercise of the outstanding options granted under the share issuance scheme of Stella and any new options that may be further granted under the scheme.

"The (takeover offer) notice will be posted to the shareholders of Stella within seven days of its receipt. This announcement is dated Oct 21, 2022," said Stella, whose diversified businesses include property development besides oil and gas support services.

According to the notice, the 95 sen offer price represents a 0.09% premium for the five-day volume weighted average market price (VWAP) of Stella shares up to Thursday (Oct 20) of 94.91 sen and a 2.32% premium for the one-month VWAP of 92.85 sen. For the three-month VWAP of 94.37 sen, the offer price represents a premium of 0.67%.

Meanwhile, for the six-month VWAP of 96.24 sen, the offer price translates to a discount of 1.29%, and for the one-year VWAP of RM1.0199, it translates to a discount of 6.85%.

The joint offerors intend to maintain Stella's listing on the Main Market of Bursa Malaysia.

VES is principally engaged as a general contractor with its major shareholders, namely Beng Wei and Beng Sin, holding a 50% stake each in the company. Both of them are also directors of the company.

It should be noted that Beng Wei is an independent non-executive director of Tenaga Nasional Bhd.

On the heels of the takeover offer, Stella shares shot up on Friday, rising as much as 11.7% or 11 sen to RM1.05, before trading at RM1.04 as at 2.45pm — the highest since Feb 8 this year when it was trading at RM1.07.

Year-to-date, Stella shares gained 13% from 92 sen on Jan 4.