Posted by YS Babe > 2015-06-05 13:46 | Report Abuse

pandai gak awak buat website guna wordpress

Posted by Tessa Joseph > 2015-06-05 13:49 | Report Abuse

ok la, i biasa guna templates, tau abit html, sikit sikit :)

Posted by Mark T Bird > 2015-06-05 14:20 | Report Abuse

awesome!

Posted by Hitman > 2015-06-05 15:47 | Report Abuse

Sa, no la not me..Im here in jungle..hehehe

Posted by Mark T Bird > 2015-06-05 15:49 | Report Abuse

Hello tarzan! :)

Posted by Hitman > 2015-06-05 15:59 | Report Abuse

Bro mark, hehehe...ooooooooOOOOOOOO...hehehe

Posted by YS Babe > 2015-06-05 15:59 | Report Abuse

alahai turki hackers ni memang rajin hacked wordpress, tak tau samada kumpulan yang sama kena tangkap kerjaan turki, hehehehe

Posted by rikki > 2015-06-05 16:46 | Report Abuse

Stock To Watch
Kawan @ 2.60 - TP 3.65 by CIMB

Kawan Food climbs as CIMB Research upbeat on prospects

KUALA LUMPUR: Kawan Food’s share price rose to a high of RM2.58 on Friday after CIMB Equities Research initiated coverage of the frozen food producer with a target price of RM3.65.
At 3.55pm, it was up 12 sen to RM2.50. There were 1.75 million shares done at prices ranging from RM2.38 to RM2.58. The warrants rose 13 sen to RM1.51.

CIMB Research said Kawan is an exciting proxy for the F&B frozen foods market. The company, which invented the world’s first frozen roti paratha, is looking to launch more products once its new factory becomes fully operational in 2016.

Kawan is also a proxy to the economic recovery in the US, its largest export market.

“We initiate coverage on Kawan with an Add rating. Our target price is based on a 10% discount to our 2016 F&B sector P/E of 25 times; the discount reflects its small market cap.

“Potential catalysts include securing the tax incentives for its new factory capex, and start of commercial production at this plant. More aggressive investors may wish to consider its warrants (7216 WA, exercise price 93 sen, expiring July 2016),” it said.

http://www.thestar.com.my/Business/Business-News/2015/06/05/Kawan-Food-climbs-as-CIMB-Research-upbeat-on-prospects/?style=biz

Posted by Mark T Bird > 2015-06-05 17:48 | Report Abuse

Asiabio to focus on exports

KUALA LUMPUR:Asia Bioenergy Technologies Bhd, an investment holdings company, will concentrate on exports to drive company earnings this year.

The company, which focuses on technology incubator activities, particularly in the bioenergy sector, planned to export green lumber products produced by its subsidiary, Hexa Bonanza Sdn Bhd, to North Asia countries.
Executive Director Tan See Eek said its export-based products, produced from recycled palm oil tree trunks, was expected to improve company profitability.

"This is among our strategy to increase revenue in our current financial year by taking the opportunity of the stronger dollar and weakening ringgit to undertake export activities," he told reporters after the company's extraordinary general meeting on Friday.

AsiaBio registered a bigger loss of RM1.28mil in the first nine months of its financial year ended Jan 31, 2014 against a loss of RM710,000 recorded in the previous financial year.

He said the company's revenue fluctuations was related to its equity investment business and investment policies were tied to long-term returns to shareholders.

"We do have many other business plan in the pipeline such as the agreement with certain companies to expand businesses," he said without revealing details. - Bernama

Posted by Tessa Joseph > 2015-06-06 08:42 | Report Abuse

Good Morning, Good Morning!!!

http://superawesomedeals.com.my/

Posted by Mark T Bird > 2015-06-06 09:04 | Report Abuse

will do!

Posted by rikki > 2015-06-06 19:03 | Report Abuse

Eye On Stocks

RCE CAP

RCE Capital Bhd has been rising the past several months on renewed bargain hunting buying momentum following a round of correction process, which witnessed prices bouncing from the most recent lows of 28.5 sen in mid-December last year to achieve a nine-month high of 36 sen on Thursday.

Yesterday, the shares re-tested the previous day’s peak of 36 sen in early session before reversing slightly to close a shade lower, down half a sen to 35 sen.

Based on the daily chart, RCE Cap remains in correction mode apparently, but recent price development suggests that it is making a fresh attempt to mend and chances are fairly good it may succeed this time round, with investors’ interest building up.

A breach of the mid-term descending line of 37 sen, followed by a clear breakout of the relatively stiff barrier of 39 sen would give all of us the confirmation that this stock is on the way up, enroute to the 45.5-sen level or the upper 50-sen mark in the near term.

Elsewhere, the oscillator per cent K had slipped below the oscillator per cent D of the daily slow-stochastic momentum index yesterday, but the short-term sell signal could not be confirmed for now, simply because the two lines continued to flirt at the bullish territory.

In stark contrast, the 14-day relative strength index rose from a reading of 42 on May 26 to settle at the 77-point level yesterday.

Meanwhile, the daily moving average convergence/divergence histogram sustained the upward expansion against the daily signal line to keep the bullish note. It had issued a buy call on Tuesday.

Technically, most of the indicators are positive, implying RCE Cap shares are poised to strengthen, once the broad-market sentiment turns favourable.

Initial support is pegged at the 50-day simple moving average of 33 sen. An additional floor is resting at the 30-sen psychological level. 

The comments above do not represent a recommendation to buy or sell.

http://www.thestar.com.my/Business/Business-News/2015/06/06/Eye-on-stocks-RCE-Capital/?style=biz

Posted by rikki > 2015-06-07 16:03 | Report Abuse

Cramer: Stop crying over Greece

As pressure builds yet again over news of Greece, Jim Cramer wonders if investors are spending too much time worrying about Greece. Could the 11 million people in Greece really be able to bring down the entire continent of Europe, with a population of 742 million?

If you were to pay attention to the headlines in the news, then yes, Greece could really be that important. Some have even speculated that Greece is just as important to Europe as the fall of Lehman Brothers was to the United States. They have painted a picture that there is a tremendous amount of systematic risk if Greece defaults on its obligations.

http://www.cnbc.com/id/102730756

Posted by rikki > 2015-06-07 23:13 | Report Abuse

BURSA: FBM KLCI To Continue Downtrend
KUALA LUMPUR -- The ringgit’s renewed weakness and untimely cautious local economic sentiments, coupled with the uncertain global economy, are expected to further weigh down the FTSE Bursa Malaysia KLCI (FBM KLCI) next week. Affin Hwang Investment Bank vice-president and head of retail research Datuk Dr Nazri Khan said the macro factors which are expected to affect the local index next week include the unsuccessful Greece negotiations and renewed bond volatility.

“The previous week saw the FBM KLCI continue its sixth losing weekly streak, driven down by TM and TNB due to news reports that there could be tariff cuts soon. The FBM KLCI failed to break above the 1,750 resistance level while several doji candlesticks appeared in the daily technical chart suggesting more downside ahead,” he told Bernama.

Due to the volatile market sentiment, Nazri said the local benchmark index is likely to continue its downtrend, testing the 1,700 support level over the next weekly session.

Meanwhile, on a Fridayto-Friday basis, the benchmark FBM KLCI shed 2.19 points to 1,745.33 from 1,747.52. Weekly turnover declined to 7.37 billion units worth RM8.94 billion from 9.07 billion units worth RM11.63 billion previously. Main market volume decreased to 4.65 billion units worth RM8.17 billion from 5.19 billion units worth RM10.53 billion last week.
- Bernama

Posted by rikki > 2015-06-07 23:19 | Report Abuse

EU chief rebukes Greece, demands swift debt plan

Germany (Reuters) - The European Union's exasperation with Greece burst into the open on Sunday when its chief executive rebuked leftist Prime Minister Alexis Tsipras and warned that time was running out to conclude a debt deal to avert a damaging Greek default.

In unusually sharp terms, European Commission President Jean-Claude Juncker accused Tsipras of distorting proposals by international creditors for a cash-for-reform agreement and of dragging his feet in putting forward alternative proposals.

He urged Athens to put its own ideas on the table swiftly to enable talks to resume on the sidelines of an EU-Latin America summit on Wednesday in Brussels.

In Athens, a government official said Greece wanted to continue to negotiate "at a political level" to find convergence with the lenders. However, the euro zone and the International Monetary Fund have made clear the numbers must first add up in technical negotiations before there can be a political deal.

http://mobile.reuters.com/article/topNews/idUSKBN0ON0MZ20150607?irpc=932RUEN,

Posted by rikki > 2015-06-08 08:16 | Report Abuse

Robust US jobs growth

WASHINGTON: US job growth accelerated sharply in May and wages picked up, signs of strong momentum in the economy that bolster prospects for a Federal Reserve interest rate hike in September.

Non-farm payrolls increased 280,000 last month, the largest gain since December, the Labour Department said.

While the unemployment rate rose to 5.5% from a near seven-year low of 5.4% in April, that was because more people, including new college graduates, entered the labour force, indicating confidence in the jobs market.

“Today’s strong jobs report shows that the underlying trend in the economy is continuing to improve. This leaves the Fed on course to start hiking rates in September,” said Michelle Meyer, senior economist at Bank of America Merrill Lynch in New York.

The report joined May automobile sales and manufacturing data in suggesting economic activity was gaining traction after a slow start in the second quarter

http://www.thestar.com.my/Business/Business-News/2015/06/08/Robust-US-jobs-growth/?style=biz

Posted by rikki > 2015-06-08 08:20 | Report Abuse

Sliding ringgit boosts investments in exporters

PETALING JAYA: The recent slide of the ringgit, which had fallen 4.6% against the US dollar over the past one month, is helping boost investors’ appetite for shares in exporters.

Investors are betting that these companies, mostly manufacturers, will benefit from increased sales. A weaker ringgit makes local produce more attractive to foreign buyers.

The ringgit on Friday declined to 3.719 against the US dollar – its weakest level since March 23. The latest bout of weakness for the local unit coincided with a sell-off on Bursa Malaysia by foreign fund managers.

Estimates showed as much as RM1bil had left the stock market since the start of May.

While blue chip stocks stumbled, the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) had fallen 3.4% over the past one month, smaller stocks with huge export potential continued to outperformed the broader market.

On Friday, CIMB Research initiated a “buy” call on Kawan Food Bhd, a manufacturer of frozen food, which is expanding its production capacity to boost exports.

“Kawan Food is also a proxy to the economic recovery in the US, its largest export market,’’ analyst Nigel Foo said.

Shares in Kawan Food had surged 41% from a month ago to RM2.59 on Friday.

The company is now worth RM478mil, or 18 times based on CIMB’s projected earnings of RM26.3mil for the year ending Dec 31 (FY15).

Net profit at Kawan Food may rise to RM43.7mil in FY16, Foo said, as the company new RM100mil factory, which is five times bigger than its current facility, went into production.

“We forecast a strong 40% three-year compounded annual growth rate net profit for Kawan Food, backed by a strong topline growth from the new factory and lower effective tax rates,” he said in a report dated June 5.

Foo values the producer of frozen roti paratha, chapatti and spring roll pastry, at RM3.65 a share.

“Last but not the least, Kawan Food benefits from a weaker ringgit as it earns 60% of its revenue from export sales that are mostly denominated in US dollar,” he added.

Kawan Food is joining a list of companies that analysts predict will benefit from the weaker ringgit. Clear winners from the currency slump includes glove makers and electronic equipment makers.

http://www.thestar.com.my/Business/Business-News/2015/06/08/Sales-boost-for-exporters/?style=biz

Posted by rikki > 2015-06-08 10:53 | Report Abuse

Solution Engineering huge earnings jump

PUCHONG: Solution Engineering Holdings Bhd expects to register a huge jump in earnings to over RM6 million for the financial year ending Dec 31, 2015 based on an internal revenue projection of RM42 million.

According to its managing director Lim Yong Hew, the profit growth will be driven by increased sales, as it is confident it will bag RM30 million worth of contracts in the second half of the year.

"This would bring our total order book to RM50 million by then," he told SunBiz in a recent interview.

For the financial year ended December 31, 2014, Solution Engineering saw a five fold surge in net profit to RM3.66 million compared with RM740,000 a year before.

Solution Engineering is involved in engineering equipment, lubricants, automation and biotechnology segments.

Last year, the engineering equipment division, which provides technical training equipment to the education industry, contributed 80% to the group's top line.

Lim said the group is looking to form strategic partnerships with government agencies in a bid to grab more opportunities within the engineering equipment business.

Solution Engineering also has plans to increase contribution from overseas markets which currently make up 15% to 20% of the group's revenue.

Lim hopes to increase it to at least 50% in the next few years.

The company has a presence in Southeast Asia, Bangladesh, Pakistan, the Middle East and Africa, covering 35 countries. The Middle East and Africa are deemed as the most promising overseas markets.

Over the longer term, Lim said the group has plans to venture into North and South America.

"We've to cover the whole world, but we've to identify the right partners and agents," he noted.

Going forward, Lim said the group is committed to improving its research and development (R&D) capability to come out with new products as well as increasing production capacity and facility.

Last year the group registered a lower net profit margin of 10%, due to the employees' share option scheme (ESOS) cost.

"Quite a number of our projects have a gross margin of 40% to 50%, but after deducting the operating expenditure, tax and finance charges, then it comes out to be around 15% before incurring the ESOS cost," Lim said.

The group is also looking at potential acquisitions, but nothing has materialised as yet.

"We've been approached by foreign companies, but that was out of our affordability range. It's still at preliminary stage, but we've initiated the discussion," he said.

Lim is hoping that the group could embark on one or two acquisitions, in its quest to move to the main board.

"We hope to have one in electrical and electronic, one in mechatronic, so this would complement our existing product range. But we (won't pressure ourselves), the acquisitions must be synergistic to the current business," he added.

Lim said the company's new 35,000 sq ft workshop will be operational by 2016 as construction work on it will begin soon. Partial funding for the workshop has been secured, with land and construction cost to range between RM10 million and RM15 million.

"We'll relocate our operation here (Puchong) to the new workshop upon completion," he noted.

With the new plant, Lim said the group's production capacity will more than double with full utilisation rate.

On challenges, he pointed out that Malaysian products are not widely accepted due to some perception issues, hence it may take some time to change the market mindset. "We position ourselves as a mid-range player, not too high end," he added.

http://www.thesundaily.my/news/1451537

Posted by rikki > 2015-06-08 19:05 | Report Abuse

Evergreen - Broke above it's long term downtrend line

Background

There was an article in the Star, where Yeoh Keat Seng recommended a BUY on Evergreen (here). According to him, the "MDF sector is turning around after suffering from over-capacity over the last five years, the consequence of massive capacity build-up following the Chinese government’s unprecedented 4 trillion yuan stimulus in 2008". 

The sector-wide recovery is also reflected in the financials of 2 Asian MDF giants, "Vanachai of Thailand and Dongwha Enterprise of Korea, who had both have turned profitable since 1Q14. Their share prices have skyrocketed by 5x to 6x from their December 2013 low, while their FY15 valuations have rerated sharply to ~16x PE and 9x – 12 EV/EBITDA."

"As for Evergreen, it managed to turn around in 3Q14 onwards after seven consecutive quarters of red ink. We estimate that the company is currently trading on FY15 PE of only 8x".

Based on Yeoh Keat Seng's numbers, Evergrn could potentially double in value if its valuation matches those of its peers, like Vanachai of Thailand and Dongwha Enterprise of Korea.

Technical Outlook

Today, Evergrn broke above the recent high of RM1.28 (see Chart 1). This, coupled with the breakout above the long-term downtrend line at RM1.25 (see Chart 2), may that Evergrn's uptrend is likely to continue. Its next resistance levels are RM1.60, RM1.80 & RM2.00.

Recent Financial Results

As mentioned earlier, Evergrn's bottom-line has returned to the black in 3Q14. In the past 3 quarters, we can see that net profit has risen steadily from RM10 million in 3Q14 to RM20 million in 1Q15. 

Conclusion

Based on satisfactory financial performance, attractive valuation & bullish technical outlook, Evergrn is a good stock for long-term investment.

http://nexttrade.blogspot.com/

Posted by rikki > 2015-06-08 20:58 | Report Abuse

GLB
On behalf of the Board of Directors of GLBHD (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”), wishes to announce that the Company had on 8 June 2015 entered into a conditional sale and purchase agreement (“SPA”) with Pontian United Plantations Berhad (“PUPBPurchaser”), a wholly-owned subsidiary of Felda Global Ventures Holdings Berhad (“FGV”), to dispose of the entire equity interests in Yapidmas Plantation Sdn Bhd (“YPSB”), Sri Kehuma Sdn Bhd (“SKSB”), Ladang Kluang Sdn Bhd (“LKSB”) and Tanah Emas Oil Palm Processing Sdn Bhd (“TEOPP”), which are respectively wholly-owned subsidiaries of GLBHD, and a parcel of oil palm plantation land measuring approximately 836.10 hectares (“ha”) in Beluran, Sabah, currently held by GLBHD for a total cash consideration of RM655.0 million (“Disposal Consideration”) pursuant to the terms and conditions of the SPA.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4767561

Posted by rikki > 2015-06-08 21:10 | Report Abuse

1MDB: US$975m loan fully repaid today

KUALA LUMPUR (June 8): Debt-laden 1Malaysia Development Bhd (1MDB) said today that it has repaid a US$975 million (RM3.6 billion) loan to a syndicate of international banks led by Deutsche Bank AG, which was reported to be due end-August.

“Today, we are pleased to confirm that the loan has been fully repaid. This RM3.6 billion repayment reflects 1MDB’s commitment to reducing its debt levels, in line with the rationalisation plan approved by cabinet,” 1MDB president and group executive director Arul Kanda Kandasamy said in a statement this evening.

http://www.theedgemarkets.com/my/article/1mdb-us975m-loan-fully-repaid-today

Posted by YS Babe > 2015-06-09 10:17 | Report Abuse

baru lawat http://superawesomedeals.com.my/

hehehe

Posted by rikki > 2015-06-09 10:35 | Report Abuse

Market Outlook as at June 8, 2015

Market Outlook as at June 8, 2015

FBMKLCI is struggling to avoid entering into a long-term downtrend. It needs a miracle- a strong rebound- to escape what looks like a losing battle. The signs are all there:

1) FBMKLCI is now below the 30-month EMA line. In the past 3 instances when this had happened (A, B & C), the market entered into a bear market.

2) 20 & 30-month EMA lines have both flattened. This is the precursor to both these EMA lines turning south. Again, these are present in the 3 instances mentioned above.

3) MACD has already cut below the MACD signal line. Again, these are present in the 3 instances mentioned above.

4) Slow Stochastic have gone below the 50 level. Again, these are present in the 3 instances mentioned above.

What would trigger a sharp drop in the market? There are a number of possible triggers, such as a sharp fall in Wall Street or Shanghai, a nasty market reaction to Greece's highly likely exit from the European Union, a blow-up in Ukraine and, of course, a fallout from 1MDB.

If the bear market were to set in, there is no telling how low the index may go. While we can see support at 1700, 1670 & 1600, I believe that the bottom could well surpass these levels. If we use the upward channel as a guide, it is possible for the index to go as low as 1200.

In view of the above, I believe we should be very careful in this market.

http://nexttrade.blogspot.com/

Posted by duitKWSPkita > 2015-06-09 12:56 | Report Abuse

Hope all Kaki flag members are doing well in short, mid and long term investment............

Fight! Fight! Fight!

Posted by Mark T Bird > 2015-06-09 14:39 | Report Abuse

YS, have you bought the DOLPHIN yet?

Posted by rikki > 2015-06-09 15:06 | Report Abuse

MERS: What you need to know

South Korea reported eight new cases of Middle East Respiratory Syndrome (MERS) and a seventh death on Tuesday. So, how worried should we be, not just about the country's already troubled economy but also the possibility MERS could spread across the Asia Pacific region? We examine the key facts.

What is MERS?

The Middle East Respiratory Syndrome Coronavirus (MERS-CoV) is the virus that causes the respiratory illness known as MERS, according to the Centers for Disease Control and Prevention (CDC). The virus is likely to have originated in animals, having been detected in camels in several countries. The first reports of humans having contracted the MERS-CoV virus emerged in 2012 in Saudi Arabia.

Presently, there is no known cure or vaccine to stop the virus.

Three to four out of every 10 people diagnosed with the illness have died, the CDC said. Common symptoms include fever, coughing, shortness of breath and gastrointestinal symptoms including diarrhea and nausea.

Exactly how contagious is it?

Like many other coronaviruses, MERS-CoV tends to spread from an infected person's respiratory secretions, like coughing. Close contact, such as living with an infected person, is also likely to spread infection.

People with diabetes, renal failure, and chronic lung disease are considered to be at high risk of severe disease from MERS-CoV infection, the World Health Organization said in recent a statement

http://www.cnbc.com/id/102739991

Posted by rikki > 2015-06-09 19:21 | Report Abuse

IFCAMSC : A Bird In Hand

The story for IFCAMSC has always been very compelling. It may explain why & how this stock managed to rally from a low of RM0.10 in January 2014 to a high of RM1.85 just last month.

IFCAMSC took a tumble in the past 3-4 weeks as investors were spooked by the sudden resignation of its new CFO- just 5 months into his new job. This unfortunate development may not be the main reason for the sell-down in the stock. Whenever a stock is priced richly - and to perfection, in the opinion of some - then any doubt could cause a sudden reprisal of a previously held opinion. Such is the reason why the over-reaction to the CFO's resignation.

Chartwise, I see weakness in this stock with bearish reading in the MACD & Slow Stochastic indicators. The share price is now struggling to hang onto the 21-week SMA line at RM1.30. If this support fails, its uptrend would be over. It could then transition to a sideways trend or even a downtrend.

Based on technical consideration, I think it may be a good idea to REDUCE one's position in this stock.

http://nexttrade.blogspot.com/

Posted by YS Babe > 2015-06-09 22:32 | Report Abuse

Mark, dah, sebijik
hehehe

KUNAIK
aku nak Zzzzz

Posted by rikki > 2015-06-10 08:23 | Report Abuse

MSCI expects to include China A shares in global benchmarks

MSCI said on Tuesday it expects to include China A shares in its emerging markets index after several issues are resolved.
(Tweet This)

The firm said it may announce the decision outside of its annual review, which usually occurs in June.

The issues highlighted included quota allocation process, capital mobility restrictions and beneficial ownership of investments.

Investors told MSCI they need the ability to invest in China relative to the value of their assets under management, the release said. Daily liquidity is also critical for fund management, investors said.

An important factor for building confidence in Chinese markets is clarity on corporate ownership, MSCI said in the release.

Clem Miller, investment analyst at Wilmington Trust Advisors, said China may take until early 2016 to resolve the issues and that the first two are the most challenging. "China has been moving in the correct direction," he said. But "they would have to remove almost all its controls to achieve them."

http://www.cnbc.com/id/102745429

Posted by rikki > 2015-06-10 12:59 | Report Abuse

Follow-through interest to lift Ge-Shen shares

Ge-Shen Corporation Bhd shares retraced back to the 50-day simple moving average (SMA) of 65 on June 1 during the recent mild correction process.

Prices then inched higher in the wake of renewed bargain-hunting and rode on the strength of a relief recovery in the principal market.

The bulls seized the opportunity to beat the most recent peak of 75 sen, achieving a high of 76.5 sen in the morning session - also the best level since May 2005 - but finished midday at 76 sen, up 3.5 sen.

Based on the daily chart, a positive breakout is in sight and it is backed by bigger trading volume.

Theoretically, the breakthrough looks convincing and it should pave the way for more climb in the immediate term.

The oscillator per cent K has crossed above the oscillator per cent D of the daily slow-stochastic momentum index at the 70% level to trigger a short-term buy.

The 14-day relative strength index improved moderately from a reading of 44 on June 1 to close midday at the 73-point level.

In addition, the daily moving average convergence/divergence histogram continued to strengthen, in tandem with the daily signal line to sustain the bullish note. It had issued a buy call last Friday.

Technically, the indicators are painting a pretty promising landscape. Combined with the encouraging price development, they suggest Ge-Shen shares will mostly sustain the upward thrust on follow-through interest.

Initial resistance is envisaged at the 85 sen mark, a successful penetration of which would lead to a re-test of the historical peak of RM1 set on Nov 23, 2004.

Solid support is pegged at the rising 50-day SMA of 67 sen. An additional floor is resting at the 65 sen level.

http://www.thestar.com.my/Business/Business-News/2015/06/10/Follow-through-interest-to-lift-Ge-Shen-shares/?style=biz

Posted by johnchong > 2015-06-10 13:26 | Report Abuse

Huat huat brother Rikki!

Posted by rikki > 2015-06-10 17:43 | Report Abuse

hehe bro John, hopefully all also huat.

Posted by rikki > 2015-06-10 21:31 | Report Abuse

Omesti to pay stock dividend with Microlink shares

Omesti Bhd plans to distribute up to 5.978 million Microlink Solutions Bhd shares to its entitled shareholders as dividends on the basis of one share per 100 Omesti share held.

Based on Microlink’s last traded price of RM1.74 on Wednesday, the dividend payout is equivalent to RM10.64mil. Omesti’s share price fell 1 sen to 66 sen on Wednesday.

The IT services firm now holds a 79.02% stake, or 120.232 million shares, in Microlink through unit Omesti Holdings. The shares allocated for the dividend-in-specie represent a 4% stake.

Besides rewarding its shareholders, Omesti told Bursa Malaysia that the proposed distribution was undertaken to rectify the shortfall in the public shareholding spread of Microlink and it was expected to increase the shareholder base and public float of Microlink. Currently the public shareholding spread of Microlink is 20.84%.

Following the distribution, Omesti will hold 75.09% to 76.47% equity interest in Microlink.

The original cost of investment of its Microlink shares was about RM62.23mil.

The proposed distribution is subject to the approval of Omesti's shareholders at an EGM to be convened.

http://www.thestar.com.my/Business/Business-News/2015/06/10/Omesti-to-pay-stock-dividend-of-6-million-Microlink-shares/?style=biz

Posted by rikki > 2015-06-11 08:25 | Report Abuse

Sovereign ratings remain

A spurious text message going around that two rating agencies have downgraded Malaysia’s sovereign ratings is untrue.

Both Fitch Ratings and Moody’s Investors Service said in e-mailed replies that they had not downgraded Malaysia’s sovereign ratings to BBB (or Baa in the case of Moody’s) in response to queries from StarBiz over the text message.

Fitch has an A- rating with a negative outlook for the country, while Moody’s in January had affirmed Malaysia’s A3 rating with a positive outlook. Standard and Poor’s Rating Services in February had affirmed an A- rating with a stable outlook.

A sovereign credit rating gives investors some insight into a country’s credit risk and usually involves political risk analysis. Basically, a higher rating allows Governments to raise debt in the capital markets with a lower risk premium.

Nevertheless, observers noted that the text message was symptomatic of market concerns over the country’s many challenges, including the Government’s fiscal position and issues over 1Malaysia Development Bhd’s (1MDB) RM42bil debt.

Together with weak commodity prices, poor first-quarter earnings and a more uncertain outlook for economic growth, these issues have affected market sentiment and that has also impacted the ringgit, Asia’s worst-performing currency.

In January, the Government had revised the fiscal deficit target for this year to 3.2% of gross domestic product (GDP) from 3% after crude oil prices fell by more than half. The fiscal deficit to GDP stood at 3.5% last year.

Overall debt to GDP levels have also risen and hover near the 55% self-imposed limit, but could be as high as 70% if contingent liabilities of non-financial public enterprises were included.

Fortress Capital Asset Management (M) Sdn Bhd chief executive officer Thomas Yong, who was not aware of the text message, said investors were bound to be concerned, given that headlines “have not been fantastic”. Soft commodity prices and the foreign fund outflow have not been positive for the country either.

Yong said while foreign reserves had been steady in the past couple of years, indicating a net inflow, this could quickly change unlike foreign direct investment.

Fitch’s Asia-Pacific sovereign ratings head Andrew Colquhoun would make no further comment on the ratings. “We have said we expect to review the ratings again before the end of this month,” he said in an e-mail reply.

Finance Ministry officials were reported to have met with the rating agency’s analysts a week ago to convince them that Malaysia’s economy “is still sustainable and should be viewed positively”.

Colquhoun had said in March that Malaysia’s sovereign rating sat more naturally in the BBB-rated category based on the structural credit fundamentals. The March statement from Fitch also said that there was more than a 50% chance of a downgrade.

Fitch on Jan 20 had indicated that it was “more likely than not to downgrade the rating of the sovereign” in the coming months, following the Government’s revision of this year’s fiscal deficit target as well as the reduction of the GDP growth forecast to between 4.5% and 5.5% from 5% to 6%.

Moody’s senior analyst Christian de Guzman confirmed that the rating agency’s stance on Malaysia remained the same with no downgrade. “We will review the sovereign rating as and when developments warrant such a re-assessment,” he added.

De Guzman had expressed concern recently at a media briefing that the country’s fiscal consolidation may be derailed should the Government be forced to financially assist 1MDB.

He had said the concern was over how far the Government would go to honour 1MDB’s debts, as this would affect the ongoing fiscal consolidation. The magnitude of support was also important, as this could also affect the fiscal consolidation trend.

http://www.thestar.com.my/Business/Business-News/2015/06/11/Sovereign-ratings-remains/?style=biz

Posted by rikki > 2015-06-11 08:30 | Report Abuse

AllianceDBS Research 11/6/2015

Technical Buy - Sendai 0.785
TP 0.87 - 0.88
Cut-Loss - 0.76

Posted by rikki > 2015-06-11 08:39 | Report Abuse

1MDB’s assets at fair value as at FY14

The inquiry by the bipartisan Public Accounts Committee (PAC) to the auditors of 1 Malaysia Development Bhd (1MDB) has revealed that RM13.4bil of 1MDB’s assets had been independently verified as of its financial year ended March 31, 2014 (FY14).

“Deloitte told us that they have seen the bank statements pertaining to the RM13.4bil of assets in BSI Bank. They can verify the value of the assets in question as they did a test on whether the assets were at fair value at that point in time for FY14,” PAC chairman Datuk Nur Jazlan said at a press conference after the inquiry.

“As of 31 March, 2014 Deloitte said they had gotten independent valuation of these assets of RM13.4bil and the valuations tallied. Deloitte had not done any work for FY15 as they only did it up to March 31, 2014,” PAC member Tony Pua, who was also present, said.

“The question of whether some of the assets were in units or cash, which has been the subject of debate … has not been audited yet for this year,” Pua added.

The PAC also said the Finance Ministry had not yet requested an audit of 1MDB for the FY15.

Nur Jazlan added: “Deloitte told us that they have not been instructed to start auditing for FY15 yet. A government-linked company should practise prompt auditing of their accounts. At least two to three months after the closing of the accounts on March 31, for FY15”.

Deloitte also stood by their earlier declaration that there was “no going concern” of 1MDB’s accounts for FY14.

PAC said in a statement that it wanted to know the steps Deloitte had taken to verify 1MDB’s accounts as ‘true and fair’ when Deloitte gave an “unqualified” opinion on the IMDB’s statements.

The PAC also wanted to know what were Deloitte’s responsibilities when it audited 1MDB’s accounts after taking over from KPMG. “We wanted to know from Deloitte whether 1MDB relied on the government guarantee to go on as a ‘going concern’, to continue to operate as a ‘sovereign fund’, because this matter was not stated in the audit report,” Nur Jazlan said.

Nur Jazlan noted that it may have to call Deloitte in again to verify their testimony, after the PAC got more information following hearings with more witnesses.

Deloitte was repesented by its country managing partner Tan Theng Hooi, partners Ng Yee Hong, Cheong Thoong Farn and Mark Thomson and its senior manager Edwin Tan.

“We feel that this is a blessing in disguise for us as the session has revealed a lot of information for us to proceed with the next steps in the inquiry. We will call 1MDB president Arul Kanda Kandasamy and former president Datuk Shahrul Azral Ibrahim Halmi to face the PAC on the first week of August,” he said.

“We will allow them to celebrate Hari Raya first and after that there will be no more excuses for them, both of them will have to face the PAC,” Nur Jazlan added.

Nur Jazlan said that it was important for PAC to “build up the case” with the background information obtained from the auditors and the management of 1MDB before proceeding to decide on the next steps.

“For example, if Bank Negara’s report is of value to us we can call them at a later stage of this inquiry. We have to call in the four main witnesses first,” he said

http://www.thestar.com.my/Business/Business-News/2015/06/11/1MDBs-assets-at-fair-value-as-at-FY14/?style=biz

Posted by rikki > 2015-06-11 19:03 | Report Abuse

World Bank latest to urge Fed to hold rates until 2016

The World Bank has become the latest global organization to urge the U.S. Federal Reserve to delay raising interest rates until 2016, amid growing expectations that the central bank could hike as early as September.

The financial institution said on Wednesday that keeping rates at record lows would help avoid the kind of financial market volatility witnessed during the "taper tantrum" of summer 2013.

The World Bank's warning comes after the International Monetary Fund (IMF) said last week that the Fed should delay a rate hike until the first half of 2016.

The IMF said that until there are signs of a pickup in wages and inflation, the conditions were not right to raise rates, which could have major consequences for the rest of the world.

http://www.cnbc.com/id/102751019

Posted by rikki > 2015-06-12 13:26 | Report Abuse

Why the selldown on IFCA MSC?

After a massive rally, the wake of an unusual strong bout of selling pressure sent IFCA MSC shares tumbling from an all-time peak of RM1.87 on May 20 to a four-month low of RM1.10 in mid-morning trade on Friday.

The recent weakness saw the shares of this software and IT systems counter violating the 23.6% Fibonacci retracement (FR) support floor of RM1.45 and the 38.2% FR of RM1.18 in the latest selloff.

Based on the daily chart, prices are in great danger of testing the important 200-day simple moving average, resting at the 99 sen level, or the 50% FR of 97.5 sen in the near-term.

A futile attempt to stabilise above these two lines will bring about more downward move and in this case, the 61.8% FR of 76 sen will be vulnerable.

The tumble in the share price in the absence of any fresh negative news.

At 10.32am, it was down nine sen to RM1.12. There were 14.88 million shares done at prices ranging from RM1.10 to RM1.20.

At RM1.10, this was the lowest since Feb 5 when it was trading at RM1.15.

The fall in the share price was earlier triggered by news that its chief financial officer (CFO) Philip Voo Lip Sang had resigned to “pursue other career opportunities” on Friday, May 22.

On May 25, its shares were sold down by some 15% triggering an unusual market activity query from Bursa Malaysia.

Only on that day did IFCA announce the appointment of its new CFO Chow Chee Keng. Chow had been the company’s chief accountant from early-2007 until the middle of 2009. He rejoined IFCA as CFO in 2013.

On a positive note, IFCA’s management had sought to engage fund managers in clearing the air that the resignation of its CFO was not because of any disagreement with management on the company’s financials, as speculated by the market.

http://www.thestar.com.my/Business/Business-News/2015/06/12/Why-the-selldown-on-IFCA-MSC/?style=biz

Posted by rikki > 2015-06-12 16:23 | Report Abuse

Greek talks in crisis after IMF leaves table

The deadlock between Greece and its creditors over reforms went from bad to worse on Thursday as one of its lenders -- the International Monetary Fund (IMF) -- quit talks, throwing the negotiations into crisis.

Talks between Greece and the bodies overseeing its bailout program have hit multiple obstacles over the course of the last four months. However, the situation worsened yesterday when the IMF announced that its delegation had left negotiations in Brussels because of "major differences" with Athens over how to save the country from bankruptcy.

Jakob Christensen, senior economist at Exotix, told CNBC that the move sent a "clear message" to Greece that it needed to compromise – and fast.

http://www.cnbc.com/id/102754047

Posted by YS Babe > 2015-06-12 17:25 | Report Abuse

Mark,awak kata Tessa tak update website, awak tak klik pages yang kat situ ni,awak tengok muka depan aje.... aku jumpa Tun M punya blog kat sini http://superawesomedeals.com.my/justme

hehehe

Posted by rikki > 2015-06-13 09:46 | Report Abuse

Eye on stock: Eversendai Corp

EVERSENDAI Corp Bhd (Sendai) shares rallied from an all-time low of 48.5 sen on Jan 12 to a high of 83.5 sen on March 17 amid fresh bargain hunting interest.

In the wake of an apparent profit-taking activity, prices slipped into correction mode, trading sideways with a mild downward bias.

The consolidation process lasted almost three months before another fresh bout of buying emerged to help pushed Sendai higher, which saw the shares hitting an eight-month high of 86 sen during intra-day session.

Based on the daily chart, Sendai has penetrated the two-year-old bearish descending line of 76.5 sen in mid-week, as well as the recent highs of 83.5 sen during intra-day session yesterday.

The positive breakout suggests that the fate of this counter has changed for the better.

Another successful penetration of the pretty stiff resistance of 87.5 sen over the next few days would further raise our optimism about the trend ahead.

Greater resistance is resting at the RM1 mark, followed by the RM1.15 barrier but we reckon that Sendai may take this opportunity to fill the minor gap at the RM1.26-RM1.29 band.

Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were advancing. It had triggered a short-term buy at the mid-range on Wednesday. Also, the daily moving average convergence/divergence histogram continued to expand upward against the daily signal line to keep the bullish note. A buy call was issued on June 1.

The past week saw the 14-day relative strength index touching a high of 84 yesterday, up from the mid-range on Monday.

Technically, most of the indicators still are painting an encouraging pictogram, implying Sendai shares are likely to attract follow-through buying interest, thus leading prices higher,

Initial support is envisaged at the 80-sen mark, followed by the 76.5-sen floor.

The lower support of 70-sen mark will now act as the base for the next upward leg. – By K.M. Lee

http://www.thestar.com.my/Business/Business-News/2015/06/13/Eye-on-stock-Eversendai-Corp/?style=biz

Posted by rikki > 2015-06-13 18:40 | Report Abuse

BURSA: FBM KLCI Expected To Rebound On June Window-Dressing
By Azizul Ahmad

The FTSE Bursa Malaysia KLCI (FBM KLCI) could stage a technical rebound next week or in the near term, driven by local funds ahead of the widely-anticipated June window dressing and oversold position.

The FBM KLCI could see an upside bias to retest the 1,746-1,769 level in anticipation of the mid-year window dressing, said Hong Leong Investment Bank Research (HLIB Research). “Having nose-dived seven per cent or 131 points in six weeks from a high of 1,867 on April 27 to 1,729 on June 9, we might see some technical rebound in the near term,” it said in a note.

On potential proxies, HLIB Research is recommending Telekom, IOI Corp, DiGi.com, MISC and CIMB due to their grossly oversold positions and high local institutional shareholdings.

Meanwhile, Kenanga Research said the FBM KLCI was expected to find a temporary bottom near the 1,710-1,732 level.“Thus, we believe it is a good time to nibble on selective stocks, especially those in resilient and export-oriented sectors, despite domestic and external uncertainties continuing to weigh down the market,” said the research house.

Affin Hwang Investment Bank vice-president and head of retail research, Datuk Dr Nazri Khan Adam Khan told Bernama that the current downtrend in the benchmark FBM KLCI presented a good buying opportunity for quality bluechips. “I recommend investors to buy construction and technology stocks as they are major benefactors of the recently announced Eleventh Malaysia Plan,” he said.

For the week just ended, the FBM KLCI managed to snap its losing streak as bargain hunting lifted the local market on Wednesday, in line with the recovery in key regional bourses.

On a Friday to Friday basis, the benchmark FBM KLCI shed 10.96 points to 1,734.37 from 1,745.33. Weekly turnover declined to 6.36 billion units worth RM7.29 billion from 9.07 billion units worth RM11.63 billion previously. Main market volume decreased to 4.08 billion units worth RM6.62 billion from 4.65 billion units worth RM8.17 billion last week.
- Bernama

Posted by rikki > 2015-06-16 10:23 | Report Abuse

Daily technical stocks highlight - YSPSAH

Author: kiasutrader | Publish date: Tue, 16 Jun 2015, 09:59 AM

YSPSAH (NR), a pharmaceutical player was one of the few counters that bucked the negative market breadth yesterday. It rebounded from its immediate support level of RM2.03 (S1) to close at RM2.11 after a one-month consolidation. Chart-wise, it has recently broken out from its “Pennant” chart pattern as the share price looks to rally towards the measurement objective target price of RM2.74. However, technical indicators are still depicting uncertain and mixed signals. MACD is heading south while both RSI and Stochastic indicators are moving sideways, showing that investors are still sitting on the fence. Therefore, we advocate investors who are interested, to seek stronger rebound signals before accumulating the stock.

http://klse.i3investor.com/blogs/kenangaresearch/78494.jsp

Posted by rikki > 2015-06-16 11:38 | Report Abuse

Signature has strong orders from developers

Maintain buy with a target price (TP) of RM3.65: Last week, we organised a visit to Signature International with five institutional clients.

Greeted by the group managing director Tan Kee Choong, and project director Mohd Anwar, they briefed us on what to expect during a plant tour and visit to Signature Lifestyle Gallery. Key takeaways from our recent meeting with management include: (i) The weak earnings trend in 2012 and 2013 is unlikely to repeat in the future, despite the current slow property market; (ii) Strong pipeline of orders from developers and (iii) Hint to pay regular interim dividend in the future, if cash flow is warranted.

The weak earnings trend in 2012 and 2013 is unlikely to repeat in the future, despite the current slow property market. Considering the two to three years lag effect in sales of kitchen systems when a property development cycle begins, the weak earnings trend in financial year 2012 and 2013 (FY12 and FY13), which saw earnings contract by 44% and 37% respectively, is a clear reflection of the sluggish property demand from 2008 to 2010.

However, management believes that this drastic drop in earnings is unlikely to happen in future years, despite the current weak property market in Malaysia. This is due to the favourable change in property mix in recent years in terms of housing supply.

According to the National Property Information Centre, housing supply in Malaysia has tilted toward the upmarket segment in recent years, with property transactions priced between RM500,000 and RM1 million per unit and above RM1 million per unit segments from 2007 to 2014 growing at a compound annual growth rate of 22%. This positive change in housing supply mix, coupled with the increase in incoming supply, would bode well for any company selling lifestyle products, including Signature.

Signature has an order book of RM153 million, which represents 62% of our estimated project revenue for FY16. However, the management is confident of reaping some of the new projects in Malaysia, which were put out on tender. According to management, there are approximately RM200 million kitchen projects to be dished out over the next three to six months.

Signature had turned into a net cash position as at March, with limited capital expenditure requirements in FY15 and FY16. As such, the company declared its first-ever interim dividend for the third quarter of FY15 (3QFY15), in conjunction with the release of 3QFY15 earnings.

According to management, the company will maintain this regular dividend payment in the future if cash flow is warranted. The company has a long investment list of properties, which will be disposed of eventually to reap disposal gains. We estimate that the book value for the sale of investment properties is RM22 million, which is equivalent to 18 sen/share.

No change to our FY15 to FY18 earnings projections. However, we raise our FY15 to FY18 dividend assumptions higher to 11 sen to 12 sen/share (from 9 sen to 11sen/share previously), based on the revised dividend payout ratio of 33% to 37%.

We maintain Signature’s TP at RM3.65/share based on unchanged 10x FY16 earnings per share. We reiterate our “buy” recommendation given the favourable change in the property trend, which bodes well for Signature’s future earnings. — TA Research, June 15.

http://www.theedgemarkets.com/my/article/signature-has-strong-orders-developers

Posted by Tessa Joseph > 2015-06-17 21:19 | Report Abuse

To all Muslim friends,

Ramadan Kareem!

Posted by YS Babe > 2015-06-17 21:26 | Report Abuse

Apa khabar Tessa? Lama tak nampak. Terima Kaseh.

Kawan2

selamat berpuasa , jaga diri , jaga lisan jaga ucapan , agar ibadah kita bernilai sempurna

Posted by Mark T Bird > 2015-06-17 21:31 | Report Abuse

:-)

Posted by Mark T Bird > 2015-06-17 21:34 | Report Abuse

FGV grilled for six hours, shareholders scrutinise falling profit

http://www.thestar.com.my/Business/Business-News/2015/06/17/FGV-grilled-for-six-hours/?style=biz

Posted by Tessa Joseph > 2015-06-17 22:59 | Report Abuse

YS. Great. Mark I bet if najib there he also kena buang...hmmm

Posted by rikki > 2015-06-18 08:31 | Report Abuse

EA Tech ready to test higher level, says AllianceDBS Research

AllianceDBS Research said EA Technique (M) Bhd (EA Tech) was read to test a higher level and said EA Tech had on June 17 traded higher to a high of RM1.06 before settling at RM1.05 (up half a sen or 5%).

In its evening edition yesterday, the research house said a crossover of the RM1.10 hurdle would likely see EA Tech trading upward with the next upside target pegged between RM1.25 and RM1.30.

AllianceDBS Research said risk taking traders could establish a buying position at RM1.03 on a small pullback.

“Once a buying position is established, a stop loss at RM1.00 level must be placed for risk capital protection, and this RM1.00 is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM30 (excluding brokerage) for RM220 – RM270 potential profit, you may acquire 1,000 shares with a capital amount of RM1,030 assuming buying order is filled at RM1.03,” it said

http://www.theedgemarkets.com/my/article/ea-tech-ready-test-higher-level-says-alliancedbs-research