I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!
sa,as below, on top of the that the already cash rich salcon have grab 37.5m cash from the conversion of 50m warrants to shares + another 240m cash coming up by end june
The completion of the disposal of the remaining concession assets will be completed by Jun-2014. Upon completion, this disposal exercise will bring in total cash of RM270m net of liabilities and result in a disposal gain of RM78m (or 13 sen/share).
ys, sa, now big shot investor great eastern substantial shareholder, they always support the share price not forgetting the propose 3 sen special dividend coming soon
KUALA LUMPUR, May 30 (Bernama) -- Shares of 7-Eleven Malaysia Holdings Bhd opened at RM1.45 sen, for a premium of seven sen or five per cent, on the main board of Bursa Malaysia today, with 16.83 million shares changing hands.
The convenient store operator's initial public offering (IPO), which raised RM731.8 million, making it the largest IPO so far in Malaysia this year, or the third-largest in Southeast Asia, it said in a statement.
"Investors see growth potential in our group as shown by the premium," Independent Non-Executive Chairman, Shalet Marian, told reporters after the listing ceremony here Friday.
7-Eleven Malaysia, controlled by tycoon Tan Sri Vincent Tan, aims to pay back 30-50 per cent of its profit as dividends to shareholders, she said.
It currently operates about 1,600 outlets nationwide, commanding 82 per cent of the market.
The operator has said it planned to use the proceeds to open 600 stores and refurbish another 600 existing outlets between 2014 and 2016.
"We are focused on expanding and improving our offerings and store experience for our customers, through accelerated store refurbishments and better merchandising.
"We will continue to invest in and improve our supply chain and information technology infrastructure to facilitate growth and improve productivity," Shalet said.
Going forward, the company plans to add utility bill payment and e-commerce facilities for online purchases, as well as improve its product mix and launch bundling promotions to boost sales.
Malaysia has 131 convenience stores per one million population, compared to Thailand's 192, Japan's 340, Taiwan's 429 and South Korea's 490, Hong Leong Investment Bank said in report dated May 14, citing Vital Factor Research's data.
Annual sales per capita of Malaysia's convenience store was also relatively low in 2012, at RM116, compared to South Korea's RM629, Taiwan's RM1,242 and Japan's RM1,691, the report said.
7-Eleven was the most active counter as at 11:57 am, rising 11 sen, or 7.9 per cent, to RM1.49, with 151 million shares traded.
China manufacturing gauge rises to five-month high China’s manufacturing expanded at the fastest pace in five months, in a sign the government’s measures to counter an economic slowdown are gaining traction. The Purchasing Managers’ Index (CPMINDX) rose to 50.8 in May, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday in Beijing, compared with the 50.7 median estimate of analysts surveyed by Bloomberg News. April’s reading was 50.4, with numbers above 50 indicating expansion. (Bloomberg)
Manufacturing pickup shows US emerging from slump Manufacturing expanded in May at the fastest pace this year as American assemblyline workers responded to increased orders by cranking up production. The Institute for Supply Management’s factory index rose to 55.4 from the prior month’s 54.9. Readings above 50 indicate expansion. The release of the data, watched closely by financial markets as a gauge of the economy’s strength, was anything but smooth. Twice the Tempe, Arizona-based group had to amend its figures due to calculation errors. (Bloomberg)
No economic bubble, says RAM Malaysia’s economy is not in a bubble as high household debt continues to weigh on consumption and spending, RAM Holdings Bhd said. However, it believes that household debt remains largely contained. According to Bank Negara Malaysia’s Annual Report 2013, household debt in the country at end-2013 was 86.8% of gross domestic product (GDP), from 81.1% at 2012, driven by loans for properties and motor vehicles. “There is no economic bubble. Household debt has also been contained so it’s no longer a major risk as earlier envisioned,” RAM group CEO Datuk Seri Dr K Govindan said after the group’s AGM. (Financial Daily)
Sephiroth, you have done well by ignoring those attention seekers (as had been advised by my granny during childhood - 'tong hei saw')they will soon disappear.
Fighting with them is what they are after and this gives them much more ammo to continue their on slaught. Without it they will be banging the walls. Sad to say a number of veterans fought with them and you have seen what happened.
john, let those jokers attack loh, just go from left ear to right ear, forget them already, otb sounds too serious, gotta stay cool n cheerful ma, life is short
Good morning bro n sis. Quite sometimes, i ve not visited here. Tq guys n gals for keeping this home active. Any ctrs to trade?
My stocks are Knm - 75 & 78 but sold 50% at 80. Bal let profit run. Opensys - 30 & tp 36 & 44. Sona - 61oredi not trade purely on ta, Ktb - 255, 265, 270. Tp32, 35.
Shafiq04, m not good, holland sometimes. Seldom come to i3 nowadays.
Q to buy opensys again 325-33 & next tp 395-40. Kheesan at support zone. Psiptek shld move today n will retest 35 385. If can break, it will sail further up. Let watch the show first. Cheers n happy trading.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse
I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!