Posted by rikki > 2015-04-21 18:17 | Report Abuse

Yee Lee now an exclusive Red Bull distributor

Fast moving consumer products distributor Yee Lee Corp Bhd is once again the distributor for the ‘Red Bull’ energy drinks in Malaysia – and this time on an exclusive basis. It will be the sole distributor of the drinks here from Aug 1, 2015.

In a filing with Bursa Malaysia today, Yee Lee (fundamental: 1.0; valuation: 0.8) said its wholly-owned subsidiary Yee Lee Marketing Sdn Bhd entered into a distribution partnership agreement with Allexcel Trading Sdn Bhd today.

The agreement sees the appointment of Yee Lee Marketing as Allexcel’s exclusive distributor to market, distribute and sell Red Bull Gold, Red Bull Less Sugar, and Red Bull Bottle energy drinks in Malaysia.

“The agreement is for a period of five years commencing from Aug 1, 2015 (initial term) and shall automatically be renewed for further periods of two years upon each anniversary thereof (subsequent terms) unless or until rescinded or terminated by either party giving to the other party a written notice at least three months prior to the expiry date of the initial term or subsequent terms,” the filing read.

Yee Lee also said the agreement is expected to contribute positively to its future profits from financial year 2016.
http://www.theedgemarkets.com/my/article/yee-lee-now-exclusive-red-bull-distributor

Posted by rikki > 2015-04-21 18:45 | Report Abuse

ManagePay becomes third party service provider for UnionPay

ManagePay Systems Bhd’s wholly-owned subsidiary, ManagePay Resources Sdn Bhd (MRSB), has received a letter of notification from UnionPay International Co Ltd, on the registration of MRSB as a UnionPay third party service provider.

Upon registration, the electronic payment solutions provider will be responsible for switching and gateway services, system operation and product management of UnionPay card issuance in Malaysia, Myanmar, Thailand, Singapore and Indonesia.

“MRSB is responsible to apply to UnionPay in advance if MRSB desires to expand or change the services type and/or territory other than those listed above,” said ManagePay (fundamental: 1.5; valuation: 0.6) in a filing to the exchange.

UnionPay is a bankcard association based in the People’s Republic of China. Deemed as China’s own version of Visa and MasterCard, UnionPay card is most widely used in the mainland and among Chinese tourists.

ManagePay closed 1.5 sen higher at 32.5 sen, translating to a market capitalisation of RM124.83 million.

http://www.theedgemarkets.com/my/article/managepay-becomes-third-party-service-provider-unionpay

Posted by HJey > 2015-04-21 18:46 | Report Abuse

Kangkung site still around. Haha

Posted by YS Babe > 2015-04-21 20:51 | Report Abuse

Hjey, lawatlah
http://superawesomedeals.com.my/
awak nanti jumpa jawapannya hehehe

Posted by Mark T Bird > 2015-04-21 22:33 | Report Abuse

GBH, whose net profit fell 95% to RM241,000 in the financial year ended Dec 31, 2014, declared a first interim dividend of 12 sen per RM1 share on Tuesday.

GTG

Posted by rikki > 2015-04-22 08:37 | Report Abuse

AllianceDBS Research 22/4/15

Technical Buy - Coastal 3.02
TP 3.25 - 3.30
Cut-Loss - 2.96

Posted by rikki > 2015-04-22 17:22 | Report Abuse

Frontken up as much as 9%, sees continued interest from Apple chip demand

Frontken Corp Bhd ( Financial Dashboard) rose as much as 9% during the morning trade today, possibly on continued positive investor interest after news that Apple Inc had awarded nearly a third of its A9 chip orders to Taiwan Semiconducting Manufacturing Co (TSMC).

Frontken (fundamental: 1.8; valuation: 0.3) has a 57.79% stake in Taiwan-listed Ares Green Technology Corp, which counts TSMC as one of its clients.

Ares Green provides ultra-cleaning services, anodising treatment, electro and chemical polishment and other reburshiment services for the semiconductor and optoelectronic products.

A remisier told theedgemarkets.com that the recent run up in Frontken’s share price could be due to the news, but he believes it has already been priced in.

“Since TMSC has beat out its competition to secure the chip orders for the new iPhones, the entire value chain has benefitted from the spillover effects,” he said.

At 2.44 pm, the stock was two sen or 7.27% higher at 29.5 sen after some 132.07 million changed hands, making it the most actively-traded counter across the bourse. The current price gives it a market capitalisation of RM314.54 million.

Over the last year, the stock has risen 114.29%; it gained some 71.43% since April 7 alone.

Frontkn was also recently featured in the Stocks with Momentum column in The Edge Financial Daily on April 13.
http://www.theedgemarkets.com/my/article/frontken-much-9-sees-continued-interest-apple-chip-demand

Posted by rikki > 2015-04-22 19:44 | Report Abuse

Coastal Contracts secures rig sale worth RM807 mil

Ship builder Coastal Contracts Bhd has secured a sale order for one unit of Jack-up Drilling Rig (JUDR) to a ‘reputable’ oil company, for RM807 million.

Coastal Contracts (fundamental: 2.6; valuation: 1.8) told Bursa Malaysia that its wholly-owned subsidiaryThaumas Marine Pte Ltd ( Financial Dashboard) had secured the order today, and is expected to deliver the JUDR in third quarter of 2015.

The deal is expected to contribute positively to the top and bottom line performance of the group for the financial year ending Dec 31, 2015, according to Coastal.

“I am pleased to announce that Coastal Group has secured a sale order of its first JUDR. With the latest sale, our cumulative sales order book has further increased to a high of RM1.92 billion, balanced with our long term charter contract for Jack-up Gas Compression Service Unit (JUGCSU) in Mexico,” Coastal Contracts’ executive chairman Ng Chin Heng said in a statement.

Currently, the group has a total order book of RM3.26 billion, of which the JUGCSU charter contract for Mexican state-owned petroleum company Petroleos Mexicanos constituted RM1.34 billion; while the remaining came from vessels sales and the aforesaid JUDR sales, which constituted RM1.11 billion and RM807 million respectively.

“The decision to sell our first JUDR was in order to reduce the company’s exposure to a potential downturn in the drilling market,” Ng explained.

Ng also said the management believes the sale of JUDR is a positive move, given the current market environment.

“On our second unit of JUDR, we are in the midst of negotiating a drilling contract with potential charterers. The construction for the second JUDR is progressing smoothly and we expect the construction to be completed by the fourth quarter of 2015,” he added.

Coastal Contracts’ share price fell one sen or 0.33% to RM3.01 today, valuing it at RM1.6 billion.

http://www.theedgemarkets.com/my/article/coastal-contracts-secures-rig-sale-worth-rm807-mil

Posted by rikki > 2015-04-22 19:48 | Report Abuse

TMC Life Sciences 3Q net profit jumps 66%

TMC Life Sciences Bhd has posted a 66.7% jump in net profit for the third quarter ended Feb 28, 2015 at RM2.9 million, from RM1.7 million a year before on higher revenue and interest income.

Revenue for the quarter was 21.6% higher at RM26.4 million, compared with RM21.7 million previously.

“Higher revenue was contributed by higher patient load catered for by expanded bed capacity and additional consultants recruited,” said the group in a Bursa Malaysia filing.

For the nine months ended Feb 28, net profit rose 57.3% to RM5.9 million, from RM3.8 million a year ago, while revenue was RM74.7 million, 19% higher from RM62.7 million previously.

TMC (fundamental: 2.5; valuation: 0.5) said the higher revenue had been contributed by additional bed capacity and more variety of services offered coupled with continuing marketing activities.  

“Rising costs remain a concern and the introduction of Goods and Services Tax will have to be managed carefully by private hospital operators. Malaysian economy appears to be slowing down. Many of our supplies and drugs are imported products and these costs will be adversely affected by the weakening ringgit.

“Nonetheless, the directors are optimistic that the company will continue to grow in the current financial year and the company continues to expand the breadth of services through attracting medical, nursing and allied health talents,” said the group of its prospects.

TMC shares closed 0.5 lower at 68 sen, for a market capitalisation of RM815.67 million.

http://www.theedgemarkets.com/my/article/tmc-life-sciences-3q-net-profit-jumps-66

Posted by Tessa Joseph > 2015-04-23 12:41 | Report Abuse

Malaysian news highlights

· Petronas Dagangan to supply lubricants to Port of Tg Pelepas

· MRCB to sell 51% stake in Nu Sentral for RM120m

· Iskandar Waterfront buys Pulai land for RM156m

· Icon bosses remanded

· AmProp, partners buy apartments in Japan

· Econpile secures RM29.4m piling job for luxury condos

· Ranhill enters supplementary agreement as part of Symphony RTO

· Nexgram banks on Godynamic's foray into Indonesian mobile security market

· Eco World seeks three-month extension to complete corporate exercise

· MNRB gets BNM nod for retakaful business

Posted by Fam Jenny > 2015-04-23 12:48 | Report Abuse

Tessa Joseph,thks for the current news.

Posted by Mark T Bird > 2015-04-23 14:23 | Report Abuse

Tess, Thanks for the highlights!!

Posted by Tessa Joseph > 2015-04-23 18:56 | Report Abuse

U r welcome! !!

Posted by rikki > 2015-04-23 19:02 | Report Abuse

GHL to provide payment facilitator services to CIMB

GHL Systems Bhd ( Financial Dashboard) has signed an agreement to provide payment facilitator or third party acquisition (TPA) services to CIMB Bank Bhd.

Under the agreement, GHL will seek to acquire between 3,000 and 4,000 merchants on behalf of CIMB Bank in the first year. These merchants will then be able to accept payments from the various International Card Associations.

“Revenue earned by GHL is derived from terminal rental and merchant discount rates, which will continue as long as GHL signs-up merchants for card acceptance as a TPA with CIMB Bank,” said GHL in a statement today.

It said the strategy going forward will involve the deployment of conventional electronic data capture terminals and mobile point of sales devices as well as e-Commerce.

GHL will also offer e-pay services, such as  mobile prepaid reload and bill payment collection services, to these merchants as value-added services.

“This will be truly unique to GHL, as it will be the only company in Malaysia to be able to offer small and middle enterprise (SME) merchants cashless payment acceptance as well as the ability to earn additional revenue via e-pay products and services,” said GHL.

“CIMB Bank has a strong presence in the smaller enterprise segment of the SME market and this initiative will enable both CIMB Bank and GHL to increase our penetration into this segment. This collaboration closely follows GHL’s other deals in Thailand and the Philippines, in line with GHL’s objective of becoming ASEAN’s largest merchant acquirer,” said GHL group chief executive officer Raj Lorenz.

“In addition to this, the tie-up is aligned with BNM’s objective of increasing cashless payment acceptance points to its target of 800,000 payment devices by 2020,” Lorenz added.

http://www.theedgemarkets.com/my/article/ghl-provide-payment-facilitator-services-cimb

Posted by Mark T Bird > 2015-04-23 20:06 | Report Abuse

:-) Oil and gas service provider Icon Offshore Bhd does not expect the remand of its chief executive officer (CEO) and chief operating officer to have any financial or operational impact to the group :-)

Posted by rikki > 2015-04-23 20:40 | Report Abuse

Eco World aims for RM4b sales in 2016

Property developer, Eco World Development Group Bhd, aims to achieve RM4 billion in sales for its financial year ending Oct 31, 2016, chief executive officer Datuk Chang Khim Wah said.

"For the current financial year, the company is eyeing RM3 billion," he told reporters at Invest Malaysia 2015 here today.

Chang, who is also Eco World president, said the sales targets for both years were on the back of strong sales momentum and high pre-sales registration.

"The group has achieved cumulative sales of RM3.8 billion over the last 16 months, including RM621 million in the first four months of financial year 2015.

"The prospects for the property market remain strong," he said.

He said the strong sales numbers were contributed by the group's projects in Iskandar Malaysia -- Eco Botanic, Eco Spring  and  Eco Summer and Eco Business Park I.

In Klang Valley, its two projects -- Eco Sky and Eco Majestic -- also continued to perform well, he said.
Chang said the company was highly selective in acquiring land to ensure that it was in the correct market segments and in the right locations.

Presently, the company has 209.8 hectares with a total gross development value of RM65 billion, he said. 
On its listing of RM1.5 billion special-purpose acquisition company (SPAC), Chang said the plan was on track for the second half of this year.

However, he said, the proposed listing was now pending regulatory approval.

"Under the proposed listing, the SPAC will be named Eco World International Bhd, which would be Malaysia's first property SPAC," he said.-Bernama

http://www.thestar.com.my/Business/Business-News/2015/04/23/EcoWorld-aims-for-RM4b-sales-in-2016/?style=biz

Posted by rikki > 2015-04-23 20:45 | Report Abuse

Eco World plans to list SPAC in H2 of 2015

Eco World Development Group Bhd (EW Bhd) expects to list its special-purpose acquisition company (SPAC), Eco World International Bhd, in the second half of this year. 

EW Bhd chief executive officer Datuk Chang Khim Wah said on Thursday that the group was still waiting for necessary approvals to list Eco World International, the country’s first property SPAC.

The SPAC, which will raise funds to acquire overseas real estate assets, is expected to raise about RM1.5bil.

EW Bhd has proposed to subscribe to a 30% stake in the enlarged paid-up capital of the SPAC on completion of the latter’s listing, for an indicative consideration of RM562.5mil.

In January, Eco World Investment Co Ltd, a private vehicle controlled by EW Bhd chairman Tan Sri Liew Kee Sin and executive director Datuk Voon Tin Yow, acquired a 75% stake in Eco World Ballymore Holding Co Ltd, which is developing three large-scale residential projects in London. Ballymore Group, the other party in the venture, is a property investment and development firm with over 30 years of experience in the UK property markets.

These projects, with a total gross development value of £2.3bil (RM12.5bil), will be injected into the SPAC.

According to a report, Liew expects the developments to attract more than 50% take-up rate from the locals in the UK. It was reported that there would be about 2,500 units of private residential apartments on the three sites.

http://www.thestar.com.my/Business/Business-News/2015/04/23/Eco-World-plans-to-list-SPAC-in-H2-of-2015/?style=biz

Posted by rikki > 2015-04-23 20:48 | Report Abuse

Ireka expects stake in Aseana Properties realised this year

Ireka Corporation Bhd expects its 23% stake in London-listed Aseana Properties Ltd to be realised as early as this year.

Ireka’s new executive chairman Datuk Lai Siew Wah said Aseana Properties plans to sell its assets and return its capital to its shareholders, including Ireka.

Aseana Properties’ core activities are acquisition, development and redevelopment of upscale residential, commercial, hospitality and healthcare projects in the major cities of Malaysia and Vietnam. 

He said that he was delighted with Ireka’s strategy for development over the next few years, especially as it approaches its our 50th birthday in 2017. 

“I am also hopeful that with Aseana’s plans to realise their assets, we will be able to get our capital returns. Ireka is determined to continue providing value for our shareholders and this is the board’s top priority,” he said in a statement released after its shareholders meeting.

Ireka met shareholders on Thursday on the single issue of disposing its land in Senawang, Negeri Sembilan to Japanese-owned Aeon for RM53.66mil. The 20.88 acre site would be for a shopping centre to serve Seremban, Seremban 2 and Kuala Pilah. 

Ireka’s unit, Ireka Engineering & Construction Sdn Bhd, which is selling the land, will also undertake to build  the shopping centre and car park for a total maximum price of RM203.14mil. The disposal price to Aeon includes land conversion premium, earthworks and infrastructure costs.  

This transaction provides a good opportunity for Ireka to employ its capability as both a developer and design & build contractor to serve multi-national corporations such as Aeon.  

Not only is Ireka able to source, purchase and improve on a piece of land in terms of approvals, it can also build on the land, giving AEON a hassle-free option to developing a shopping centre.

Ireka has projects with a total gross development value of RM2bil which will  keep the company busy for the next five years. 

“It is always the company’s intention to expand into property development, particularly in the mid-market section and this is why Ireka has launched its new zenZ brand in 2014. 

“Properties under the zenZ brand include the Kasia Greens development in Nilai which is 100% sold and due to be handed over to the owners this month. 

“Two other projects, Dwi@Rimbun Kasia Courtyard Homes, also in Nilai and ASTA Enterprise Park (Ireka’s first foray into the industrial sector), located in Kajang are expected to come on stream over the next few months,” it said.

Ireka’s construction order book is about RM1.4bil of which RM900mil is still outstanding. 

http://www.thestar.com.my/Business/Business-News/2015/04/23/Ireka-expects-stake-in-Aseana-Properties-realised-this-year/?style=biz

Posted by rikki > 2015-04-23 21:23 | Report Abuse

MYR : Strengthening Against USD

Looking at Chart 1, we can see that USD/MYR has just broken its uptrend line, SS support at 3.65. At the same time, USD/MYR has broken below the line connecting the recent peaks in 2005 & 2008, which is the resistance-turned-support at 3.65 (see Chart 2). This means that USD/MYR is likely drift down to 3.50 or 3.35 over the next 3-6 months.

The drop in USD/MYR may not be attributable to the strengthening of our Ringgit. It is likely to be the weakening of the US Dollar, which has a fine rally over the past 12-15 months. If we look at Chart 3, we can see that SGD/MYR is still in the uptrend with support at 2.68. Then again, SGD/MYR has been in an upward channel for the past 10 years (see Chart 4). The immediate support & resistance at 2.50 & 2.75, respectively.

http://nexttrade.blogspot.com/

Posted by Mark T Bird > 2015-04-23 23:52 | Report Abuse

thanks bro rikki!

Posted by Mark T Bird > 2015-04-24 10:41 | Report Abuse

Press Metal under selling pressure as technical outlook weakens
Friday, 24 April 2015

KUALA LUMPUR: The shares and call warrants of Press Metal skidded on Friday on selling pressure as the technical outlook weakened.

At 10.13am, PMetal was down 32 sen to RM2.92, Petal-WC fell RM1.83, PMetal-CJ 9.5 sen to 10.5 sen, PMetal-CG 8.5 sen to 14 sen and PMetal-CA 8 sen to 28.5c

The FBM KLCI was up 13.02 points or 0.71% to 1,859.10. Turnover was 595.95 million shares valued at RM425.27mil. There were 309 gainers, 222 losers and 272 counters unchanged.

Kenanga Investment Bank Research, in its technical analysis, said PMetal dropped 11.0 sen or 3.28% to close at RM3.24 on Thursday, settling below the 20-day simple moving average (SMA) line.

“Recall that we have revised our TP to RM3.73 based on ‘Symmetrical Triangle’ measurement objective. However, the share price experienced heavy profit taking and broke below its key support-turned-resistance level of RM3.31 (as well as its 50-day SMA level).

“Technically, the chart has turned less compelling with all the indicators moving south. This prompt us to take a more conservative route by locking in our gains (37% return within four-months period), despite the share price did not meet out stop-loss level of RM3.20. We might revisit the stock when the share price technical picture becomes more attractive again,” it said.

Posted by Tessa Joseph > 2015-04-24 11:15 | Report Abuse

hi mark, rhb always promoting this counter

Posted by Mark T Bird > 2015-04-24 11:17 | Report Abuse

Are you in it?

Posted by Tessa Joseph > 2015-04-24 11:17 | Report Abuse

nope :)

Posted by Tessa Joseph > 2015-04-24 15:09 | Report Abuse

Malaysian news highlights

· Suria to enter handover agreement with AQRS (with comments)

· SapuraKencana submits request to return to SC Shariah list

· Mah Sing's hungry for land bank and JVs

· Eco World plans to list SPAC in 2H of 2015

· Malaysia's Malakoff to close institutional tranche of IPO on Friday

· Kontena Nasional turnaround seen by mid-2016

· SP Setia fixes new shares at RM3.10 under 3rd dividend reinvestment plan

· Muhibbah expects RM1bn Rapid tender outcome in 2H or next year

· Gadang gets shareholders nod to buy land in Semenyih

· Ireka expects stake in Aseana Properties realised this year

· Karex expects to acquire at least one company in the next 12 months

Posted by YS Babe > 2015-04-24 16:41 | Report Abuse

tyvm!

nyampah hari jumaat, semua aku punya merah :(

Posted by Mark T Bird > 2015-04-24 18:49 | Report Abuse

ouch!

Posted by YS Babe > 2015-04-24 19:49 | Report Abuse

mark, appasia mcm zalora, lazada
aku ingat business hanya phone tablet apps

Posted by Mark T Bird > 2015-04-24 20:02 | Report Abuse

in the annual report!

GTG

Posted by rikki > 2015-04-24 22:16 | Report Abuse

Ringgit likely to stay at 3.5 level in medium term, says CIMB

The ringgit, which is at its two-month high at the 3.5 level against the US dollar today, will likely stay at the current level for the medium term, said a trader.
CIMB Regional Head of FX and FXO Trading, Selvaraj Sinnan, said foreign holdings of Malaysian Government Securities remain stable at between 40 and 45 per cent despite the lower ringgit, signalling foreign investors' confidence.
"Going forward, with Bank Negara Malaysia's assurance that interest rates will remain accommodating, Malaysia will remain attractive to foreign investors," he told reporters on the sidelines of the Invest Malaysia 2015 conference here today.

The two-day event, which ended today, was jointly organised by Bursa Malaysia and CIMB Group.

Selvaraj said traders have also started to shift their focus away from the 1Malaysia Development Bhd debt issue, which had weighed on the local note over the last five months, as it had been well-factored into the market.

"If you ask me, this non-economic factor is not a factor anymore," he added.

Meanwhile, CIMB Chief Economist Dr Arup Raha said the delay in the US interest rate hike would drive the ringgit upwards as the greenback's rally pauses.

He said he expects Federal Reserve Chair Janet Yellen to increase the country's borrowing cost only in December, with the change expected to be "a very shallow glide path".

"If she is late to raise the rates, her problem will be inflation but she has the instruments to deal with that.

"On the other hand, if she increases the rates early, the economy will capitulate and she will be left with no instruments and she cannot go back to quantitative easing," he added.-Bernama
http://www.thestar.com.my/Business/Business-News/2015/04/24/Ringgit-likely-to-stay-at-3-5-level-in-mediem-term-says-CIMB/?style=biz

Posted by Mark T Bird > 2015-04-25 14:06 | Report Abuse

HAPPY SATURDAY!!!

GPA to change its fortunes with tie-up

GPA Holdings Bhd, suffering losses for the last three years, is looking to change its fortunes with a tie-up with the world’s largest producer of automotive batteries, Johnson Control Inc of the US.

Controlled by low-profile businessman Tan Sri Tan Hua Choon, GPA has incurred losses since FY12. The battery-maker in December entered into a partnership with US-listed Johnson Control to produce the latter’s Delkor batteries. Delkor Co Ltd, a unit of Johnson Control’s, is one of the leading comprehensive battery producers in the world.

The tie-up is part of GPA’s plans to remove its low-margin production line, expand its branding exercise and venture into batteries-trading.

With the partnership, GPA executive director David Lai Sze Pheng says, the Klang-based company expects a turnaround by the first half of FY16. As of April 22, Tan’s shareholding is 23.26%.

GPA produces two types of battery – valve-regulated, lead-acid (VRLA) batteries, usually used in devices that require large amounts of electricity storage; and seal lead acid (SLA) batteries, usually used in the automotive sector.

GPA’s export markets include China, Vietnam, India, Africa and the Middle East.


For the full story, please subscribe to Focus Malaysia.

Posted by Mark T Bird > 2015-04-25 14:10 | Report Abuse

ALAM MARITIM

GUOCOLAND (Malaysia) Bhd director Paul Poh Yang Hong reshuffled his interest in Alam Maritim Resources Bhd when he acquired 34 million shares or a 3.68% stake in the company from Caprice Capital International Ltd, his investment vehicle. Post-acquisition, Poh also owns an indirect stake of 4.34%.

According to exchange filings on April 23, Poh first emerged as a substantial shareholder in the marine offshore service provider on June 5 when he acquired 63 million shares at RM1.35 per share. Interestingly, the counter’s share price has come down by almost half from the day he bought into Alam Maritim compared to the closing price of 68 sen at April 23.

TOP GLOVE

Australia-based Northcape Capital Pty Ltd emerged as a new substantial shareholder in Top Glove Corp Bhd on April 22. Following recent purchases, Northcape Capital now holds a 5.02% or 30.9 million shares. Northcape Capital is an investment manager that specialises in Australian and international listed equities.

Northcape Capital ceased to be a substantial shareholder on Feb 26 when it disposed of one million shares, leaving it with a 4.96% stake.

Top Glove is the world’s largest rubber glove maker. Its new factory in Klang came on-stream in February, boosting production capacity to 44.6 billion gloves per annum. It is also expected to add another 1.4 billion capacity of latex gloves and 6.2 billion capacity of nitrile gloves to bring its total capacity to 52.2 billion pieces by September next year. The counter’s share price surged by 18% to a one-year high of RM5.45 on April 23 from RM4.60 on Jan 2.

Posted by Tessa Joseph > 2015-04-25 14:46 | Report Abuse

There is a fair amount of uncertainty in the global economy and capital markets landscape currently. The local equity market, while showing some strong bullish trends this month, does not indicate sustained long-term upward momentum.

http://superawesomedeals.com.my/

Posted by rikki > 2015-04-25 15:55 | Report Abuse

GHL, Managepay on steady rise after Bank Negara move

Since Bank Negara announced its Payment Card Reform Framework early this year, there has been obvious traction and new developments in the payment industry.

This is evident in the share price performance of GHL Systems Bhd and Managepay Systems Bhd (Mpay), the two direct beneficiaries of Bank Negara’s measures.

Year to date, GHL Systems is up 68% to RM1.20, while Mpay is up 55.81% at its current price of 33.5sen.

Both stocks are viewed as growth stocks, and not surprisingly are trading at rich valuations. Mpay trades at 91 times its historical price-earnings ratio while GHL trades at 95 times.

Are they benefitting simply because Bank Negara is making it compulsory for more card terminals to flood the market? Among its many measures to push Malaysia into a cashless society, Bank Negara is looking to increase card terminals from 220,000 presently to 800,000 over the next five years.

The 800,000 terminals roughly translates to 1.2 million card acceptance devices.

So yes, GHL Systems and Mpay will benefit, as they are suppliers of the payment terminals. However, just making a commission from selling these terminals do not make an exciting story. It definitely does not justify the stocks’ rich valuations.

GHL System has openly stated that it is looking to be Asean’s largest merchant acquirer. It currently holds a 25% market share in Malaysia for the payment devices, supplying 50,000 out of the 220,000 terminals in the country.

Outside of Malaysia, it has the lion’s share in the Philippines market, supplying about half of the 120,000 terminals in the archipelago.

Meanwhile, Mpay has stated that out of the 1.2 million card acceptance devices to be installed over the next 5 years. it is looking to capture 10% to 20% of that share.
Observers in the industry say that the main action for the payment players lie in the potential for third party acquirers (TPA).

Now this is something which both Mpay and GHL are starting to make huge inroads into. It is a known fact that most of the foreign banks aren’t in the business of acquiring merchants, but only issue cards. Hence it is very likely that the foreign banks will be the ones that will require TPA services.

A TPA owns the merchant relationship and therefore signs up the merchants in its own right, including performing credit and risk assessment.

The role of receiving and handling the sales proceeds still falls with the sponsor bank.

“In other words, the TPA earns a higher fee and gets to act like a ‘pseudo bank’,” says the observer. The slew of TPA announcements by GHL Systems and Mpay in the last two months have pointed to the fact that there is a push not just because of Bank Negara’s measures, but because there is an immense gap in the development of modes of payment in Malaysia. Most developed countries, including the Australia, New Zealand and the UK conduct the bulk of transactions via cards.

With more than 90% of Malaysian transactions being conducted in cash, the opportunities to capitalise on new cashless methods are there for the taking.

Perhaps that is another reason why payment stocks typically trade at a high PE. They are mostly valued based on the amount of transactions they process.

For 2014, ManagePay processed in excess of RM100mil worth of transactions and is looking to scale this up to RM500mil in 2015, and closer to RM2bil to RM3bil in five years’ time. Mpay has actually been on a roll in releasing announcements to Bursa over the last two months.

Earlier this week, Mpay’s wholly-owned subsidiary, ManagePay Resources Sdn Bhd (MRSB), registered as a UnionPay TPA provider provider.

Upon registration, Mpay will be responsible for switching and gateway services, system operation and product management of UnionPay card issuance in Malaysia, Myanmar, Thailand, Singapore and Indonesia.

UnionPay is a bankcard association based in China. Deemed as China’s own version of Visa and MasterCard, UnionPay card is most widely used in China and among Chinese tourists.

Not to be left out, GHL on Thursday inked a deal with CIMB Bank Bhd to provide payment facilitator or TPA services to the bank.

Under the agreement, GHL, which will act on behalf of CIMB Bank, will acquire between 3,000 and 4,000 merchants this year, enabling them to accept payments from the various international associations.

The strategy would also see the deployment of conventional electronic data capture terminals and mobile point-of-sales devices as well as e-Commerce, apart from offering e-pay services (mobile prepaid reload and bill payment collection services) to merchants.
It is in fact GHL’s objective of becoming Asean’s largest merchant acquirer.

In February, Mpay received a letter of approval from Bank Negara to issue electronic money (e-money) via the proposed online wallet (Mpay Balance) and prepaid card (Mpay MasterCard).
http://www.thestar.com.my/Business/Business-News/2015/04/25/Payment-system-operators-benef

Posted by Mark T Bird > 2015-04-26 16:39 | Report Abuse

MPAY
Slow like tortoise

Posted by sweetdream > 2015-04-26 16:47 | Report Abuse

Mark T Bird, urs cannot even stand up!!!! kikiki

Posted by Mark T Bird > 2015-04-26 22:37 | Report Abuse

LOL

Posted by rikki > 2015-04-27 08:13 | Report Abuse

AllianceDBS Research 27/4/15

Technical Buy - Ideal @ 0.545
TP 0.59 - 0.63
Cut-Loss - 0.52

Posted by tjhldg > 2015-04-27 08:27 | Report Abuse

Morning bro Rikki ,marks ..
Bro Rikki really like your work here .. Can also copy n paste your posting to siau lang keng itchy itchy bo ?.many sana luan luan tut aeh .. Siau aeh.. Mau ada ni macam punya posting sikit baru boleh.thanks ya .. LIKe ... Wish u n all here good luck huat huat

GU lai liauuuuuu

Posted by rikki > 2015-04-27 08:32 | Report Abuse

bro tj.....no problem.....my work is your work......post wherever you like.....we are here to share information....GU LAI LIAU.....cheers!!!

Posted by duitKWSPkita > 2015-04-27 08:40 | Report Abuse

Good morning to everyone!

Awesome thread which is sharing all the updated news! I like it. Well done all fighters!

Posted by YS Babe > 2015-04-27 10:51 | Report Abuse

duit ada hit tak ada
hehehe

Posted by YS Babe > 2015-04-27 10:59 | Report Abuse

sape tau KNM WB tp berape?

Posted by Tessa Joseph > 2015-04-27 11:03 | Report Abuse

baru keluar right?

Posted by rikki > 2015-04-27 11:05 | Report Abuse

Brent crude holds near 4-1/2 month high on Yemen, U.S. rig count

Brent crude prices held near a 4-1/2 month high above $65 a barrel on Monday, supported by concerns about fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline.

The number of active U.S. rigs drilling for oil has fallen for a record 20 weeks in a row to the lowest since 2010, according to Baker Hughes data.

"Support for oil actually came from a lot of positive speculation that oil supply from the U.S. is actually going to drop," said Shunling Yap, a senior oil analyst at BMI Research.

The U.S. Energy Information Administration's forecast of a drop in oil output in May from April, the first monthly decline in four years, also supported bullish bets, she added.

Brent edged up 1 cent to $65.29 a barrel by 0200 GMT after posting its third weekly gain last week and touching a Dec. 10 high of $65.80.

U.S. crude fell 3 cents to $57.12 a barrel after rising for the sixth consecutive week, its longest stretch of gains since the first quarter of 2014.

Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden, but there were no fresh moves towards dialogue.

While the Yemen crisis has raised the risk premium for oil, BMI's Shun said supply from the world's top exporter Saudi Arabia remained steady and there was no immediate threat to major oil shipping routes in the region.
http://www.theedgemarkets.com/my/article/brent-crude-holds-near-4-12-month-high-yemen-us-rig-count

Posted by YS Babe > 2015-04-27 11:24 | Report Abuse

aku beli walau org masih terkejut KNM baru lepas beranak
hehehe

KUTPAI aku nak buat kerja

Posted by Tessa Joseph > 2015-04-27 15:57 | Report Abuse

OIC u bot, same here :)

Posted by Mark T Bird > 2015-04-27 16:52 | Report Abuse

In sea of red ink, KNM WB flash green

Posted by rikki > 2015-04-27 19:24 | Report Abuse

Borneo Oil to raise at least RM223.39m to expand gold mining ops

Sabah-based fast food operator and energy outfit Borneo Oil Bhd ( Financial Dashboard) has proposed a 1-for-6 renounceable rights issue of up to 2.374 billion shares at an indicative issue price of 10 sen per share, together with 1-for-2 free detachable warrants (warrants C) of up to 1.187 billion warrants, at an entitlement date to be determined later.

In a filing with Bursa Malaysia this evening, Borneo oil said it intend to raise a minimum gross proceeds of RM223.39 million, the bulk of which will be channeled into the exploration of gold and limestone mining activities, working capital for fast food operations, future investments and repayment of bank borrowings.

Borneo Oil is the exclusive sub-contractor for the exploration and mining of alluvial and lode gold in three districts in Pahang — Mukim Batu Yon, Lipis; Hutan Simpan Hulu Jelai, Lipis; and Hutan Simpan Bukit Ibam, Rompin — covering a total of 1,565.1ha.

The group also operates a 389.743-acre limestone mining operation in Ulu Segama, Lahad Datu, Sabah.

“In the longer term, the company harbours ambitions to become a major player in the gold mining industry domestically and regionally, with the ultimate objective of constantly expanding and strengthening its business base in order to always maximise returns for loyal shareholders.

“The board of directors is confident that, with the addition of the gold mining business starting to come to fruition, these positive developments augur well for the financial performance of Borneo Oil in both the foreseeable and long-term future,” Borneo Oil said in a media statement, adding that it expects to complete the transaction by the third quarter of this year (3Q15).

The issuance of the rights issue and free warrants is expected to enlarge Borneo Oil’s issued and paid-up capital to 3.956 billion shares from 372.319 million shares currently.

The indicative issue price of 10 sen per rights share represents a discount of approximately 41.11% to its theoretical ex-price of 16.98 sen per share, which was based on the five-day weighted average market price of 79.8 sen that was calculated up to April 21, 2015.

http://www.theedgemarkets.com/my/article/borneo-oil-raise-least-rm22339m-expand-gold-mining-ops

Posted by optimusprime > 2015-04-27 19:28 | Report Abuse

another sumatec in the making!!!! 4 billion paid up.

omg.