Posted by rikki > 2015-07-04 13:02 | Report Abuse

Play it again, SAM

Dividend play prompts investors to look at Sam Engineering & Equipment

THE growth in dividends being paid out by Sam Engineering & Equipment (M) Bhd (SAM Engineering), one of the few component manufacturers for the airline industry, has attracted increasing interest by investors locally and abroad.

According to data obtained from the Bloomberg terminal, SAM Engineering, which is controlled by Singapore Aerospace Engineering (SAM), had seen its dividends returned back to shareholders increasing at an exponential rate of 108% in the past one year.

Its recent dividend announcement took the market by surprise as the company has a portion of its business in the semi-conductor industry - manufacturing equipment for producers - a segment that is going through a tough operating environment.

However, this obviously has changed as the airline component of its business takes up the mantle to drive the earnings of the company.

Since 2013 SAM Engineering had transited from being a semiconductor dominant business to one that now derives close to 70% of its revenues from the aerospace industry.

It produces components for plane manufacturers such as Boeing and Airbus.

There are not many such producers in this region as it takes years of expeience and perfection before the parts can be acceptable to the plane manufacturers.

SAM Engineering’s move towards becoming a supplier of components for planes is outlined by its chairman Loh Chuk Yam.

“Despite the continued weakness in our equipment business, revenue for the group rose steadily due to the strong aerospace sales.


“The demand for aero-engine cases exceeded the negative impact caused by the weak test equipment business,” the company’s chairman Loh said in the annual report.

Thanks to its diversification into manufacturing parts for plane, SAM Engineering has been able to derive steady income and build up a strong balance sheet.

It has cash balances of RM103.6mil and no borrowings.

Its trade receivables after netting off payables about RM56mil. It also has inventory numbers of another RM140mil.

Two weeks ago, it announced special dividend and interim dividend amounting 32.2 sen, which is higher than the 17.25 sen declared last year.

Notably, SAM Engineering had seen dividends growing consistently in the past four years.

Its shares had registered growing dividend yields, as it rose from a net yield of 1.7% in 2012 to 7.67% this year. (see table attached)

With such generous payouts generated from its business, SAM Engineering had recorded a net dividend payout ratio of 40% in the financial year 2015 (FY15) ended March 31.

The latest dividend announcement in the past week will only be computed for FY16’s payout ratio.The payout ratio in FY15 almost doubles the previous year’s payout ratio of 21%.

Whether this short term buying interest or high dividend payouts can be sustained moving forward will be key but analysts note that the aerospace industry is a highly niched one.

It also has strong shareholders in SAM and other Temasek Holdings (Pte) Ltd related companies holding a total of 74.18% in the Penang based company.

http://www.thestar.com.my/Business/Business-News/2015/07/04/Play-it-again-SAM/?style=biz

Posted by rikki > 2015-07-04 17:08 | Report Abuse

China Brokers Set Up $19 Billion Fund To Stem Market Rout

Chinese brokerage firms have come together to set up a stock-market fund, the latest effort to stem the biggest three-week drop in China’s key share index since 1992.

The 21 brokers led by Citic Securities Co. will invest the equivalent of 15 percent of their net assets as of the end of June, or no less than 120 billion yuan ($19.3 billion) in total, the Securities Association of China said in a statement on its website Saturday. The fund will invest in blue-chip exchange-traded funds, it said.

The move comes after measures to shore up equities failed to stop margin traders from unwinding positions at a record pace, with the market losing more than $2.8 trillion of value in three weeks. The People’s Bank of China cut interest rates last week, while margin-trading rules were eased and trading fees were cut Wednesday.

The new fund to bolster equities may have only “a fleeting effect when daily turnover has reached 2 trillion yuan”, according to Hao Hong, China equity strategist at Bocom International Holdings Co. in Hong Kong.

“This 120 billion yuan won’t last for an hour in this market,” Hong said by phone from Beijing Saturday. “It might benefit blue-chip stocks, as investors may see them as value, but the bursting of the bubble in small-cap/tech stocks is likely to continue.”

Small-Cap Stocks
The ChiNext index of smaller companies in Shenzhen traded at a record 131 times reported earnings last month -- five times the level of the Shanghai Composite Index -- after tripling over the past year. The gauge had lost 33 percent from its June 3 peak as of Friday, trimming this year’s gains to 77 percent.

“The market’s most acute concern is still these smaller cap stocks, as investors levered up to buy them and now margin lending curbs hit them the hardest,” Hong said. “With their valuation in the stratosphere, nobody is willing to step in and bolster these stocks.”

The brokers on Saturday pledged not to reduce any proprietary investments in the equity market as long as the Shanghai Composite Index stays below 4,500, the association said; it closed Friday at 3,686.92. Listed brokers will actively buy back outstanding shares, while encouraging their parent companies to increase holdings, according to the statement.

The group of 21 brokers said the economic fundamentals that had justified the stock market’s rally before the rout hadn’t changed.

“It is therefore our duty to unite in stabilizing this market,” the statement said.

Li-Gang Liu, chief China economist for the Australia & New Zealand Banking Group Ltd., said the market would eventually find its own level.

“If a listed company thinks its shares are undervalued it could buy back shares. Such purchases shouldn’t be triggered by any kinds of administrative calls,” he said. “I believe the market is still under big downward pressure.”

There remain additional steps the government could take to support the market. China’s central bank-affiliated Economic Observer reported last week the government is considering reducing the stamp tax, while the finance ministry said it will allow the national pension fund to invest in shares.

On Friday, China’s securities regulator said it will limit the number of initial public offerings this month and revise rules to encourage foreign investment in the market. Chinese media reported that a unit of China’s sovereign wealth fund has been buying exchange-traded funds in the past week to support the market - Bloomberg

Posted by rikki > 2015-07-05 10:29 | Report Abuse

Why Magni? Price RM3.80 @ July 3, 2015
Pure cash garment manufacturing company for NIKE (TP:RM6.90)

http://klse.i3investor.com/blogs/undervalue/

Posted by Mark T Bird > 2015-07-05 15:05 | Report Abuse

Big Drop in Stock Market Coming Monday?

Posted by YS Babe > 2015-07-05 21:17 | Report Abuse

pasal wall street journal tu ke? kecuh betul, letih baca dah, aku agak gitu gak, tapi aku tak pandai sangat, kena tunggu esok ler hehehehe

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

Greece debt crisis: Greek voters reject bailout offer - BBC News - http://www.bbc.com/news/world-europe-33403665

Posted by rikki > 2015-07-06 07:02 | Report Abuse

Greece's 'nays' have it--how markets will react

Greece's rejection of a set of repayment terms offered by its international creditors is likely to be the biggest factor driving stocks when opening bells sound in global markets on Monday.

Germany's Dax is indicated sharply lower from Friday's close at around 4 percent, while the euro was down 2 percent against the yen as the news emerged. U.S. stocks are expected to open around 1 percent lower Monday, according to recent stock futures data.

What could be most important for those worried about contagion from the Greek crisis is how Portuguese, Spanish and Italian government bonds perform in Monday morning trade.

If these peripheral euro zone countries, often lumped in with Greece, suffer a sharp spike in yields, this could cause alarm about whether Greece leaving the currency might cause further contagion to other weaker euro zone economies.

http://www.cnbc.com/id/102810251

Posted by rikki > 2015-07-06 08:16 | Report Abuse

Borneo Oil to invest more in Pahang

Borneo Oil Bhd, which is expected to commence gold mining activities soon in a second area in Pahang, plans to invest an additional RM40mil to step up its mining operations in the state.

According to executive director Raymond Teo Kiew Leong, land clearing is underway and mining equipment is being mobilised to facilitate the mining of alluvial gold and tailings at Bukit Ibam, Rompin district, in the current quarter.

“An extensive exploration and drilling programme is being planned for the area with regard to its lode gold potentials,” he told StarBiz.

(Alluvial gold deposit is formed as a result of transportation by water from weathered mineralised rocks and veins while lode gold deposit is formed in mineralised rocks and veins.)

Besides Bukit Ibam that covers 1,200ha, Borneo Oil group has been appointed the sub-contractor to carry out prospecting, exploration and mining of alluvial and lode gold on an exclusive basis in two other designated areas – Mukim Batu Yon (162.3ha) and Hutan Simpan Hulu Jelai (202.8ha) – both in Lipis district.

http://www.thestar.com.my/Business/Business-News/2015/07/06/Borneo-Oil-to-invest-more-in-Pahang/?style=biz

Posted by rikki > 2015-07-06 11:03 | Report Abuse

Insider Asia’s Stock Of The Day: Superlon Holdings

SUPERLON (Fundamental: 3.0/3, Valuation: 2.0/3) manufactures nitrile butadiene rubber (NBR) foam insulation materials for the heating and air conditioning industry. Based in Klang, it exports about 70% of its production, mostly to other Asian countries.

Last December, the company declared an interim dividend of 2 sen per share and a special dividend of 4 sen per share — compared with total dividends of 3.25 sen for FYApril2014.

This means that dividends totalled 8 sen per share in the past 12 months, translating into an attractive yield of 5.4%.

The higher-than-market average yield generated investor interest in the relatively low-profile manufacturer — its share price has more than doubled since then, to RM1.49 currently.

Besides the generous dividends, its improving financial performance has also not gone unnoticed. After exiting from the loss-making steel pipes division in FY12, the company has turned around, from a net loss of RM0.6 million in FY12 to net profit of RM5.9 million in FY14.

For FY15, net profit climbed 60% to RM9.4 million, lifted by a 21% increase in turnover. Margins expanded on the back of economies of scale and strengthening of the US dollar. The company declared an interim dividend of 2 sen per share for FY2016, which will go ex on 20 July 2015

Stronger operating cash flow enabled the company to pare its debts. It now has net cash of RM11.7 million, a reversal from net debt of RM4.1 million in FY12.

Going forward, Superlon intends to focus on expanding its domestic and regional market shares as well as strengthen its distribution network. In anticipation of a recovery in global demand, Superlon plans to invest RM12 million in the next two years to expand production capacity.

http://www.theedgemarkets.com/my/article/insider-asia%E2%80%99s-stock-day-superlon-holdings

The stock is trading at a trailing 12-month P/E of 12.6 times — low relative to the 43% earnings growth in FY14 and 60% growth in FY15.

Posted by Tessa Joseph > 2015-07-07 21:21 | Report Abuse

Hi

Looking or price target?

http://superawesomedeals.com.my/

Posted by Mark T Bird > 2015-07-07 21:43 | Report Abuse

New?

Thanks Tess :-)

Posted by Mark T Bird > 2015-07-08 00:18 | Report Abuse

The Johor crown prince Tunku Ismail Ibni Sultan Ibrahim has emerged as a substantial shareholder holding a 7.67% stake in TMC Life Sciences Bhd, in which Singaporean tycoon Peter Lim controls a 70.5% stake. The filing to Bursa Malaysia shows that Tunku Ismail was issued the 133 million TMC Life shares after he sold an indirect 30% stake in BB Waterfront Sdn Bhd.

TMC took over the entire stake in BB Waterfront, a wholly-owned unit of Best Blend Sdn Bhd, for RM400 million by issue of shares.

The Johor royalty held a 30% stake and Lim owned the remaining 70% in Best Blend.
BB Waterfront owns Thomson Iskandar, a medical hub project located on 1.6ha in Stulang Laut, which is within 1km radius of the Malaysian CIQ complex located at the Causeway linking Singapore to Johor Bahru.

The medical hub will contain a hospital named “Iskandariah Hospital”. Co-located with the hospital is an outpatient medical centre that will contain 400 clinic suites.

The medical hub will be managed by Thomson International, a subsidiary of Thomson Medical Pte Ltd – a private hospital owner and operator in Singapore

TMC Life (fundamental: 1.45; valuation: 0.9) closed half sen or 0.88% lower at 56 sen today, giving it a market capitalisation of RM979.06 million. – The Edge Markets, July 7, 2015.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Posted by rikki > 2015-07-08 08:27 | Report Abuse

Glove makers back in limelight on weaker ringgit

The continuous strengthening of the US dollar against the ringgit has enhanced the appeal of rubber glove-manufacturer stocks on Bursa Malaysia.

Shares of glove manufacturers on Bursa gained in morning trade, led by Top Glove Corp Bhd, before closing mixed yesterday, as the ringgit weakened beyond the crucial level of 3.80 against the US dollar for the first time since the US-dollar-peg was removed 10 years ago.

Top Glove’s shares rallied to a five-year high to close at RM6.95 yesterday, after gaining 26 sen, or 3.89%, on volume of 3.4 million. That was off an intra-day high of RM7.05.

Kossan Rubber Industries Bhd’s shares were up six sen to RM6.55 on volume of 2.9 million, while shares of Hartalega Holdings Bhd gave up early gains to close three sen lower at RM8.67, off an intra-day high of RM8.74.

Supermax Corp Bhd’s shares also gave up early gains to close two sen lower at RM2.02, off an intra-day high of RM2.09.

“Fundamentally, there is no change to the sector. It is all about their currency (US dollar) exposure,” Hong Leong Investment Bank Research analyst Abdul Hadi Manaf said of the share price performances of glove makers yesterday.

He pointed out that a strong US dollar would benefit glove makers, as reflected in their strong financial performances for the three months to March 2015, when the ringgit depreciated 6% against the greenback.

“There is still potential for the share prices of glove makers to rise further, driven by sentiment that US dollar will remain strong against the ringgit,” Hadi said.

The ringgit weakened further yesterday to close at 3.8073 against the US dollar due to a combination of domestic political and external economic uncertainties. Year-to-date, it had lost about 8.1% against the greenback, making it the worst-performing currencies in Asia.

However, glove makers are one of the beneficiaries of a strong US dollar vis-à-vis ringgit, as the bulk of their sales proceeds are in US-dollar terms. Conversely, the input costs are in ringgit terms.

At their close, Top Glove’s shares were valued at 18 times its forward price-earnings (P/E), while the shares of Hartalega and Kossan were valued at 25 times and 21 times forward P/E, respectively. Supermax’s shares were valued at 12 times its forward P/E.

Kenanga Research in its report dated July 2 noted the potential upside in share price performance of glove manufacturers in the third quarter of this year.

“Our investment case is based on sequential earnings growth (which is expected) to continue in coming quarters, underpinned by new capacity expansions matched and fuelled by pent-up demand for rubber gloves and nitrile gloves; favourable US dollar-to-ringgit exchange rate; and sustained low raw material prices, especially latex,” the brokerage explained.

According to Kenanga Research, given the positive prospects, the glove sector could be poised for a further re-rating, with the players’ shares trading at its historical peak valuations of between 19 and 27 times earnings

http://www.thestar.com.my/Business/Business-News/2015/07/08/Glove-makers-back-in-limelight/?style=biz

Posted by rikki > 2015-07-08 08:29 | Report Abuse

Global semiconductor sales up 5%

The global semiconductor industry recorded worldwide sales of US$28.2bil in May, which was a 5.1% increase from the US$26.8bil a year ago as it overcame lingering macroeconomic uncertainty.

According to the US-based Semiconductor Industry Association (SIA), global sales in May 2015 rose 2.1% from April’s US$27.6bil with the Americas taking the lead.

“Regionally, sales in the Americas increased 11.4% compared to last May to lead all regional markets,” it said, citing the data provided by the World Semiconductor Trade Statistics organisation. The data represents a three-month moving average.

SIA president and CEO John Neuffer said the global semiconductor industry overcame lingering macroeconomic uncertainty to post solid year-to-year growth in May.

“Year-to-year sales have now increased for 25 straight months, month-to-month sales increased for the first time in six months, and we expect modest growth to continue for the remainder of 2015 and beyond,” he said.

In addition to the Americas market, year-to-year sales also increased in China (9.5%) and Asia-Pacific/all other (8%), but decreased in Europe (-7.8%) and Japan (-11.8%).

Compared to last month, sales were up in China (4%), Asia-Pacific/all other (3.3%), and the Americas (0.2%), but decreased slightly in Europe (-0.6%) and held flat in Japan.

http://www.thestar.com.my/Business/Business-News/2015/07/08/Global-semiconductor-sales-up-5/?style=biz

Posted by rikki > 2015-07-08 08:47 | Report Abuse

HLIB Research maintains Buy on Evergreen, ups target to RM2.15

Hong Leong IB Research has maintained its “Buy” rating on Evergreen Fibreboard Bhd ( Financial Dashboard) with a higher target price of RM2.15 and said it believed the strong share price performance was due to stronger US dollar (against the ringgit) and declining crude oil price which are both positive to Evergreen’s earnings.

“In our view, Evergreen’s valuation remains commendable despite the recent strong share price performance, as: (1) MYR will remain under pressure; and (2) Prices of key inputs, namely rubber log wood and glue remain on downtrend, and these are supportive of Evergreen’s earnings,” it said in a note today.

HLIB IB Research said the ringgit and lower key input prices aside, we note that management’s continuous efforts to further improve Evergreen’s output and cost efficiencies, and diversifying its product range will help drive its earnings higher.

The research house said given the improving earnings visibility and decent balance sheet, we do not discount the possibility of Evergreen resuming paying dividends by 2016 (although management remains tight lipped on such possibility).

“FY15-17 net profit forecasts raised by 6.4-12.9%, largely to account for: (1) A higher US$:RM assumption of RM3.60/US$ (vs. RM3.50/US$ previously); and (2) Slightly lower raw material cost assumptions.

“Target price lifted by 35.2% to RM2.15, to reflect: (1) Higher net profit forecasts; (2) The roll forward of our valuation base year (from average 2015-2016 to 2016); and (3) Higher target P/E of 11x (from 10x previous), given Evergreen’s improving earnings visibility. Maintain Buy recommendation,” it said.

http://www.theedgemarkets.com/my/article/hlib-research-maintains-buy-evergreen-ups-target-rm215

Posted by rikki > 2015-07-08 22:01 | Report Abuse

Super Enterprise receives conditional voluntary take-over offer

Super Enterprise Holdings Bhd has announced it has received a press notice from MCC LABL2 Netherlands B.V. for a conditional voluntary take-over offer at RM3.80 per share.

In a filing to Bursa Malaysia today, Super Enterprise said the offer to shareholders was to acquire all ordinary shares of RM1 each, which are not yet held by MCC LABL2, at RM3.80 per share.

It added the offer is open for acceptances until 5pm, July 29, unless revised or extended.

Super Enterprise's share price (fundamental: 2.2; valuation: 1.4) closed 1.96% or seven sen lower at RM3.51, for a market capitalisation of RM149.2 million. The stock saw 135,300 shares changing hands today.

http://www.theedgemarkets.com/my/article/super-enterprise-receives-conditional-voluntary-take-over-offer

Posted by rikki > 2015-07-08 22:10 | Report Abuse

China places 6-month selling restriction on stocks

China's securities regulator ordered shareholders with stakes of more than 5 percent from selling shares in the next six months in a bid to ease the pressure on its stock markets.

The China Securities Regulatory Commission (CSRC) said on its website late on Wednesday that it would deal severely with any shareholders who violate the rule.

http://www.cnbc.com/id/102817968

Posted by rikki > 2015-07-09 20:40 | Report Abuse

Malaysia at risk in China slowdown, says JP Morgan

Malaysia is at particular risk of a slowdown in China trade, and is among emerging markets that is expected to drag down global trade growth this year, said JP Morgan.

In its Asia Pacific Economic Research report today, JP Morgan warns that a slowdown in China trade could affect commodity exporters to China, like Malaysia, Indonesia and Thailand.

“As a result, we have made a series of downward revisions to growth for 2015, with the revised growth forecast now looking for a 3.6% year-on-year expansion from 4.1% previously,” said the international bank.

China’s gross domestic product expanded by 7.4% in 2014, its slowest rate of output growth in nearly a quarter of a century, stoking fears of a permanent slowdown.

China remains Malaysia’s second biggest export market after Singapore — China imports about 12% of all Malaysian export products.

According to JP Morgan, slower growth and softening inflation should lead to a more aggressive policy response across the region.

However, it said the ensuing uncertainty around capital flows will constrain monetary policy, citing Malaysia, Indonesia and the Philippines.

http://www.theedgemarkets.com/my/article/malaysia-risk-china-slowdown-says-jp-morgan

Posted by alibabacoming > 2015-07-09 20:44 | Report Abuse

Jib kor met all the sharks tonight and lim kopi, tomorrow all fly high.
ringgit cheap cheap for china import la. They can store a lot of reources and cash rich country, dont worry.

Posted by rikki > 2015-07-10 08:11 | Report Abuse

IMF lowers global growth forecasts, cites U.S. weakness

The International Monetary Fund on Thursday trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States.

But the global financial institution said growth prospects for next year remain undimmed, despite Greece's debt crisis and recent volatility in Chinese financial markets.

In an update to its World Economic Outlook report, the IMF said the global economy should expand 3.3 percent this year, 0.2 percentage point below what it predicted in April. Growth should speed up to 3.8 percent next year, it said, unchanged from earlier forecasts.

The IMF pinned much of the blame for the lower growth forecast on the United States. The U.S. economy contracted in the first quarter, hurt by unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports.

The IMF said it expected the U.S. economy to grow 2.5 percent this year - it lowered the U.S. growth forecast last month from 3.1 percent in April. The IMF also said U.S. economic sluggishness had spilled over to Canada and Mexico.

"(But) for the most part, it was a series of accidents ... and the rest of the year should not be very much affected," Olivier Blanchard, the IMF's chief economist, said in a press conference.

The IMF maintained its forecasts for a pickup in growth in the euro zone, despite Greece moving closer to the edge of default and an exit from the currency bloc as it races to find a last-minute third bailout.

"The stress tests of the last 10 days (around events in Greece) reassure us and make us think that if things go badly in Greece ... the rest of the world would probably survive quite well," Blanchard said.

In developing economies, the IMF said growth had been dampened by lower commodity prices, tighter financial conditions tied to economic rebalancing in China and geopolitical factors.

Chinese stock markets have tumbled by more than 30 percent over the last month, prompting regulators to impose heavy-handed intervention to stem the rout.

The IMF said the market crash suggests China could face difficulties as it tries to move from an investment-led economic growth model to one focused on domestic consumption.

The Fund also repeated its warning that asset price shifts and financial market volatility could disrupt predictions, though it expects geopolitical tensions tied to Russia and the Middle East to calm down next year. - Reuters

Posted by rikki > 2015-07-10 09:52 | Report Abuse

Bank Negara keeps OPR at 3.25%

Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) at 3.25% after the Monetary Policy Committee (MPC) meeting yesterday.

In a statement, the central bank said the stance of monetary policy remains accommodative and supportive of economic activity at the current OPR level.

BNM expects the economy to continue expanding at a more moderate pace in the second quarter, driven by domestic demand, though it forecasts slower growth in private consumption, due to frontloading of consumption ahead of the implementation of the goods and services tax (GST).

“While households are expected to continue adjusting to the GST in the immediate future, overall spending will be supported by continued wage growth and stable labour market conditions,” it said.

It added that investment is projected to be driven by capital spending in the manufacturing and services sectors and infrastructure projects, offsetting the weaker performance of the external sector.

It expects headline inflation to be higher moving forward, due to the GST and the adjustments to domestic fuel prices. Inflation, however, is expected to moderate towards the latter half of 2016.

BNM also said there is still ample liquidity in the domestic financial system with continued orderly functioning of the financial and foreign exchange markets.

Posted by rikki > 2015-07-10 22:25 | Report Abuse

IRCB to exit PN17 status

Integrated Rubber Corp Bhd (IRCB) ( Financial Dashboard) will no longer be classified as a Practice Note 17 (PN17) company starting next Monday (July 13) after Bursa Securities approved its early upliftment.

In a filing with Bursa Malaysia today, the rubber glove manufacturer said the regulator has decided to approve its application for an early upliftment from being classified as a PN17 company after due consideration of all facts and circumstances of the matter. 

"IRCB will be uplifted from being classified as a PN17 company effective from 9am next Monday (July 13)," it added. 

"With the completion of the regularisation plan, IRCB has regularised its financial condition and level of operations and no longer triggers any of the criteria under Paragraph 2.1 of PN17 of the Main Market Listing Requirements of Bursa Securities," it said in the filing today.

IRCB (fundamental: 2.1; valuation: 0) had slipped into PN17 status after its unit, Comfort Rubber Gloves Industries Sdn Bhd defaulted on RM64.2 million worth of debt obligations. It had submitted a regularisation plan on Dec 26, 2013 to Bursa Securities and obtained the green light from the latter on July 24 last year.

The proposed regularisation plans entail an increase in the existing authorised share capital of RM200 million comprising 1,000 million shares of 20 sen each in IRCB to RM400 million comprising 2,000 million shares of 20 sen apiece. 

Subsequently, the company has proposed advance capitalisation and proposed capital reduction and consolidation.

Upon completion of the proposed regularisation plan, IRCB's authorised share capital will remain unchanged at RM100 million comprising 1,000 million consolidated shares of 10 sen each.

For the first financial quarter ended April 30, 2015 (1QFY16), IRCB posted a net profit of RM4.09 million on revenue of RM52.58 million. 

For the financial year ended Jan 31, 2015 (FY15), IRCB recorded a net profit of RM4.26 million against a net loss of RM19.26 million, while revenue grew to RM155.22 million from RM134.69 million a year ago. 

On prospects, the company said it continue strive to capture bigger market share on the growing global demand on examination gloves. 

It has also changed its production mix to produce more nitrile golves. 

IRCB shares closed one sen or 1.16% higher at 87 sen today, with 508,800 shares changing hands. It has a market capitalisation of RM373.05 million. 

http://www.theedgemarkets.com/my/article/ircb-exit-pn17-status

Posted by rikki > 2015-07-11 09:46 | Report Abuse

Poultry stocks fall on higher commodity prices, stronger USD

POULTRY stocks had a good run, but the market dynamics now are working against the industry.

Stock prices of a number of counters have fallen as higher soybean prices, the stronger US dollar and lower selling prices of eggs affect the financials of many firms in the industry.

During the second quarter, Teo Seng Capital Bhd fell 26% while Lay Hong Bhd shed 1.52% and PW Consolidated Bhd slid 10%.

Operating conditions have become tougher as the price of soybean, a key feedstock for chickens, has gained 6.72% while the ringgit weakened 2% over the period.

Compounding matters is the fall in the average selling prices of Grade A eggs, which dropped by 14.7% in the second quarter compared with the previous quarter.

An industry observer says there is an oversupply of eggs, resulting in lower selling prices.

On the other hand, the tougher operating situation seems limited to egg producers.

Broilers seem to be benefiting as the wholesale price of chickens improved by 17.6% to RM5.74 per kg in the second quarter, versus the first quarter.

The higher selling prices would more than offset the more pricey feedstock and stronger greenback.

Compared with egg producers, chicken breeders are holding up better as the share prices of CAB Cakaran Corp Bhd traded marginally higher by 0.95% and Huat Lai Resources Bhd jumped 13% during the same period.

“Investors are waiting for the latest sets of financial results from the poultry players.

“Some investors have taken profit as they expect numbers for the second quarter to be weaker than the first,” an analyst says.

But buying opportunities have emerged for some of the stocks.

The historical price to earnings ratio of the large poultry stocks are now trading at single digit levels and there’s a general trend of a slight rebound in the sector over the past two days amid better sentiment in the broader market.

Some counters were relatively cheaper as they traded in the range of high single digits to low teens in the first quarter.

There has been some help for the industry. The price of soy bean, a big cost factor, has slipped 1.6% from the end of June.

Over the years, the bigger companies have also improved their efficiency and scale to bring costs down to preserve operating margins.

Operationally, they have become more prudent over the years to keep diseases like bird flu at bay by building better enclosed farms that help to control the variables better.

Integrated farm systems have also helped save costs for the breeders.

“Investors are sensitive towards the changes of feedstock and US dollars because margins for the players can be quite low.

“Besides, most poultry players do not hedge their currencies so a stronger greenback would be a concern even if the companies can pass on the cost to their customers,” explains an analyst.

Even when stock prices are volatile, some investors will collect poultry stocks on price weakness.

“Agriculture is still a recession proof business. Food security is one of the most important things for a country and we’re a growing nation,” says a fund manager.

Meanwhile, market expansion would strengthen the positions of these firms.

For example, Teo Seng and CAB have ventured into Singapore.

Some of the firms had been acquiring smaller local farms to improve their market share as there are opportunities for them to expand into neighbouring countries.

Among the egg producers, Teo Seng was up 5 sen or 3.76% at RM1.38, LTKM jumped 9 sen or 5.23% to RM1.81 and Lay Hong was unchanged at RM3.11 yesterday.

QL Resources Bhd, which launched a takeover offer on Lay Hong for RM3.50 per share in the third quarter last year, continued to buy into the stock in the open market earlier this month at between RM3.11 and RM3.24.

The bigger agriculture firm has a 38.6% stake in Lay Hong even though the public shareholding spread requirement in the egg producer has become an issue for the lack of breadth of investors.

Lay Hong’s public shareholding was 16.06% as at May 26 and the required spread is 25%.

Lay Hong’s founding Yap family, which holds 43% of Lay Hong’s stock, had proposed a private placement to address the issue but the plan was rejected by shareholders at its EGM in May. It has up to Sept 30 to comply with the regulatory requirement. As for the chicken breeders, CAB added 7 sen or 6.9% to RM1.08, Huat Lai closed unchanged at RM3.25 and PW Consolidated increased 3 sen or 2.54% at RM1.21 yesterday.

http://www.thestar.com.my/Business/Business-News/2015/07/11/Sunny-side-down/?style=biz

Posted by rikki > 2015-07-11 09:49 | Report Abuse

Eye on stock; Comintel Corp

COMINTEL Corp Bhd (Comcorp) shares retraced from a near three-year high of 36 sen on May 19, last year to the base of the previous rally amid persistent profit-taking activity.

Thereafter, this stock rebounded slightly on consolidation, lasting several months before spiking in the wake of renewed bargain hunting, which saw prices re-visiting the 36-sen barrier on June 26.

In the absence of strong buying momentum to push the shares through this heavy barrier, thus resulting a mid-term “double-top” formation, they succumbed to pressure to pull back marginally to trade range-bound, but with a mild upward bias, undergoing another round of consolidation.

Comcorp flirted to a high of 36.5 sen during intra-day session, but finished at 35.5 sen, up 1.5 sen yesterday.

Based on the daily chart, the bulls had finally cracked the tough nut of 36 sen briefly on the second attempts yesterday.

Traders can consider taking up a position, if one is optimistic of the trend ahead. In the short term, prices are poised to challenge the 44 sen-45 sen heavy resistance band, of which a major breakthrough would see the bulls turning more aggressive. The next upper resistance is resting at the 60-sen mark.

Elsewhere, the oscilltor per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise. It had triggered a short-term buy at the 60% level on Thursday. Also, the daily moving average convergence/divergence histogram continued to expand upward against the daily trigger line to stay bullish. A buy call was issued on June 23.

Meanwhile, the 14-day relative strength index retained the posture above the 70-point bullish line. Apparently, indicators are painting a pretty promising pictogram, suggesting advances in the pipeline. For the downside, initial support is envisaged at the 32-sen level, followed closely by the 29.5-sen floor, which is the 14-day simple moving average.

The next lower floor is lying at the 22 sen-22.5 sen range.

http://www.thestar.com.my/Business/Business-News/2015/07/11/Eye-on-stock-Comintel-Corp/?style=biz

Posted by rikki > 2015-07-12 11:06 | Report Abuse

Greece Talks Spill Into 2nd Day as Finance Chief Deadlock

European finance ministers deadlocked over how to keep Greece in the euro, forcing emergency talks to continue Sunday and threatening to delay the infusion Prime Minister Alexis Tsipras desperately needs.

With Greece running out of money and its banks shut for the past two weeks, the hardline group led by Germany signaled that the country’s debt was too great, Tsipras’s reform proposals were inadequate and, in any event, the Greeks couldn’t be trusted to keep their word. Finance ministry aides will work through the night, allowing finance chiefs to reconvene at 11 a.m. in Brussels before a leaders’ summit.

“It’s still very difficult, but work is still in progress,” Dutch Finance Minister Jeroen Dijsselbloem, the head of the Eurogroup, told reporters after nine hours of talks that ended at midnight. “The issue of credibility and trust was discussed and also, of course, the financial issues.”

http://www.bloomberg.com/news/articles/2015-07-11/european-hardliners-call-greece-trust-deficit-key-hurdle-to-deal

Posted by rikki > 2015-07-12 17:01 | Report Abuse

Cramer game plan: Next week's buying opportunity

Finally! Jim Cramer was pleased that Friday's market rally seemed to be on firmer footing. But that means the hard part must begin, as next week will be all about Greece and China.

Cramer saw that the Chinese government implemented various measures in an attempt to stabilize its markets. He also saw that Europe took one step closer to closing part of the Greek drama—but could it be one more bailout that is destined to fail?

In Cramer's opinion, it doesn't matter. A resolution is a resolution, and it will finally kill all of the uncertainty swirling in the market and allow it to rally. This was evidenced with the dollar, which finally managed to weaken against the euro.

http://www.cnbc.com/2015/07/10/cramer-game-plan-next-weeks-buying-opportunity.html

Posted by YS Babe > 2015-07-12 22:27 | Report Abuse

tessa, awak tak takut ke website awak kena tutup?

Posted by Tessa Joseph > 2015-07-12 22:32 | Report Abuse

YS, from Public Relations point of view, Najib patut resign, I don't care la what Paul or Lim cakap :)

Posted by YS Babe > 2015-07-12 22:34 | Report Abuse

sarawak report tu aka citytrader ke? hehehehehehe

Posted by Tessa Joseph > 2015-07-12 22:44 | Report Abuse

LOL

the website founded by Clare Rewcastle Brown. Brown was born in Sarawak to British parents, she anti taib mahmud, i think she korek korek about taib mahmud, keluar UBG, Jho, terus 1MDB..she adik ipar of former UK prime minister Gordon Brown.

Posted by rikki > 2015-07-13 08:18 | Report Abuse

SLP banks on thin-gauge packaging materials for growth

Plastic packaging products manufacturer SLP Resources Bhd expects the bottom line of its thin-gauge packaging materials to improve this year, riding on expansion plans that will take off in September.

Group managing director Kelvin Khaw said SLP would install a RM6.5mil production line to increase its capacity to produce 2,000 tonnes of plastic packaging materials per month due to strong demand from the overseas market for thin-gauge packaging materials.

The current production capacity is 1,700 tonnes per month while the utilisation rate is 75%.

“Of the 2,000 tonnes, about 35% to 40% will comprise higher margin thin-gauge materials, targeted at export markets in Japan, Australia and New Zealand, compared with about 20% presently.

“The gross margin of thin-gauge plastic packaging material is between 35% and 40%, compared with the 20% gross margin of conventional plastic packaging materials,” he said.

He told StarBiz that “the overseas sales will generate about 55% of the group’s revenue this year, compared with about 44% a year ago.”

The group has locked in orders for about RM17mil worth of packaging products to be delivered in the third quarter, according to Khaw.

“More orders are expected to come in. In the first quarter of this year, we registered a sales revenue of RM41.4mil,” he said.

However, there was a decline in the demand from the domestic market, Khaw said.

“For example, the orders from the domestic market for this Ramadan period has dropped compared with the same period a year ago. The whole domestic market has slowed down since the last Ramadan period.

“We expect the domestic segment to contribute about 45% of revenue this year, compared with about 56% last year,” he added.

The slower domestic sales would have an impact on group revenue as the domestic contribution was still substantial, Khaw said.

“The lower pricing of polyethylene prices at US$1,400 currently, compared with US$1,700 per tonne in October 2014, has also pushed down the selling price of mid-range plastic packaging materials to about around US$1,900 per tonne, compared with US$2,300 per tonne a year earlier.

“To stay competitive, we try to price our products at the present price level. This will also impact revenue this year,” he said.

Khaw pointed out that overall, the stronger sales of higher-value packaging materials overseas would offset the slower domestic growth.

http://www.thestar.com.my/Business/Business-News/2015/07/13/SLP-banks-on-thingauge-packaging-materials-for-growth/?style=biz

Posted by rikki > 2015-07-13 08:24 | Report Abuse

Eurozone leaders: Greece must do more to earn rescue:

Eurozone leaders told near-bankrupt Greece at an emergency summit on Sunday it must enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the European currency area. Leftist Prime Minister Alexis Tsipras will be required to push legislation through parliament to convince his 18 partners in the eurozone to release immediate funds to avert a state bankruptcy and start negotiations on a third bailout program estimated at up to 86 billion euros (US$95.5 billion). Six sweeping measures including tax and pension reforms must be enacted by Wednesday night and the entire package endorsed by parliament before talks can start, a draft decision by Eurogroup finance ministers sent to the leaders showed. The document included a German proposal to make Greece take a "time-out" from the eurozone if it fails to meet the conditions. - Reuters

Posted by rikki > 2015-07-13 08:33 | Report Abuse

Minho on investors’ radar:

Timber stocks are not in vogue currently. But Minho (M) Bhd, primarily a manufacturer and exporter of timber products, has been generating a lot of investor interest for its land bank in Klang. The share price of the low-profile company has been moving up, gaining 83% year-to- date, outperforming the stock market’s bench- mark index, which is down over the same period. - StarBiz

Posted by rikki > 2015-07-13 08:55 | Report Abuse

3A

3A (0012 – Main Market) had on 10 July 2015 crossed over the RM1.12 hurdle to reach a high of RM1.18 before settling near the day’s high at
RM1.17 (+RM0.08, +7.33%).

Next Potential Immediate Upside Target : The crossover of the RM1.12 hurdle would likely see 3A trading upward with the next upside target
pegged between RM1.25 and RM1.44.

Indicative Entry Level : Risk taking traders can establish a buying position at RM1.14 on a small pullback.

Stop Loss Level : Once a buying position is established, a stop loss at RM1.12 level must be placed for risk capital protection, and this RM1.12 is to be followed by a trailing stop loss strategy

- Alliance Investment Bank

Posted by rikki > 2015-07-13 13:03 | Report Abuse

Insider Asia’s Stock Of The Day: Supermax Corporation

WE like Supermax (Fundamental: 1.0/3, Valuation: 0.8/3) for its comparatively undemanding valuations and growth potential. The stock is trading at a trailing 12-month PE of 13.4 times, compared to its prospective growth of 15%.

It operates in a fairly defensive sector (and is a good proxy for the healthcare industry) with steady global demand growth expectations.

About 70% of Supermax抯 gloves are sold under its own brands (OBM), which command higher profit margins than original equipment manufacturers (OEM). At end-2014, the company has a total installed capacity of over 18 billion pieces per annum.

Supermax was first recommended by InsiderAsia on October 24, 2014. The stock rose as much as 6.2% to RM2.36, before slumping to a low of RM1.57 following allegations of insider trading by its Chairman and Managing Director Datuk Seri Stanley Thai and Executive Director Datin Seri Cheryl Tan. The stock has since recovered somewhat, to the current price of RM2.02.

Charges by the Securities Commission involved insider trading related to transactions in APL Industries Bhd (APLI), an associate of Supermax, back in 2007. Both claimed trial to the charges.

Importantly, Supermax抯 business operations are not related to the allegations.

To be sure, earnings have been range bound for the past few years, due to various factors such as intense competition and rising costs. Lower profit in 2014 was due, mainly, to start-up costs and teething problems at its two new plants in Meru, Klang.

Once resolved though, the capacity expansion ?for an additional 6.9 billion pieces of nitrile gloves per annum ?will drive earnings growth over the next two years. Nitrile gloves will then account for 53% of the company抯 total installed capacity.

Notably, sales jumped 34.6% y-o-y to RM258.8 million in 4Q2014 with production having fully recovered from fire at one of its plants in 4Q2013.

http://www.theedgemarkets.com/my/article/insider-asia%E2%80%99s-stock-day-supermax-corporation-0

Posted by rikki > 2015-07-14 13:02 | Report Abuse

Insider Asia’s Stock Of The Day: Kawan Food Bhd

Kawan Food Bhd

ESTABLISHED more than 30 years ago, Kawan (Fundamental: 3/3, Valuation: 1.1/3) is, today, a leading manufacturer and exporter of frozen food in the country.

The company produces an extensive range of products that includes paratha, chapatti, steamed buns, soy protein bites and bakery products. Popular brands under its stable are Kawan, KG Pastry, Veat and Passion Bake.

We favour Kawan for its steady, resilient growth. Sales grew consistently over the past five years, recording a CAGR of 12.9%. Export, is a key driver, accounting for 58% of total sales of RM149.5 million last year. In particular, North America, which contributes more than half of export revenue, increased 32% y-y in 2014.

Kawan has kept margins fairly stable, at an average of 13.6% between 2010 and 2014. For 1QFY15, net profit increased 33% y-y to RM5.5 million, driven by stronger consumer demand and favourable foreign exchange rate movements.

Looking ahead, Kawan should benefit from the weaker ringgit as well as lower global commodity prices. For instance, prices for wheat — one of its key raw materials — have fallen by 8% over the past 12-months.

Kawan plans to spend RM100 million for capex over the next 2-3 years. It intends to consolidate two existing factories — situated in Shah Alam — to a 15-acre site in Pulau Indah, Port Klang, which is almost 5 times the combined size of both existing factories. The new factory will cater to growth for the foreseeable future.

In addition, Kawan’s steady cash flow from operations and net cash of RM34.7 million, should comfortably fund its expansion needs and maintain steady dividends. Dividends totaled 5.4 sen in 2014, including special dividend of 3.6 sen. Interim dividend for 2015 stood at 2 sen per share.

The stock is currently trading at trailing 12-month P/E of 21.9 times —well below net profit growth of 29% over the same period.

http://www.theedgemarkets.com/my/article/insider-asia%E2%80%99s-stock-day-kawan-food-bhd

Posted by rikki > 2015-07-14 20:15 | Report Abuse

Managepay Systems to target SME market for new e-money cards business

Managepay Systems Bhd will launch its e-money cards by the end of the year and target the SME market for this new line of business. 

"We have been given a year to build towards this new business. Our deadline is next February, which can be extended but we don't want to do that, " its managing director and chief executive officer Chew Chee Seng told reporters at its extraordinary general meeting on a proposed private placement exercise to raise RM40.41mil. 

The issued and paid up share capital of ManagePay stood at RM40.27mil consisting of 402,718,580 shares. 

The issue price of the placement shares has been fixed at 23 sen per share. 

"The SME market is considered niche because there is no other e-money provider targeting this market at large, " Chew said. 

The company will use about RM17mil to develop the MPAY issuer project, the e-money cards business.

http://www.thestar.com.my/Business/Business-News/2015/07/14/Managepay-Systems-to-target-SME-market-for-new-e-money-cards-business/?style=biz

Posted by rikki > 2015-07-15 11:50 | Report Abuse

Politics unlikely to affect credit ratings in next two years

Standard & Poor’s Ratings Services (S&P) does not expect political developments in Malaysia, such as Prime Minister Datuk Seri Najib Razak being besieged by allegations of misuse of funds at a government-owned investment vehicle recently, to affect the country’s sovereign ratings in the next one to two years.

However, it said in its report, “Asia-Pacific Sovereign Rating Trends Mid-Year 2015”, published yesterday that such developments reduce the likelihood of new structural reform initiatives and could also hurt the responsiveness of the government to unexpected shocks.

This was essentially the same for countries like South Korea, the Philippines, Thailand and Pakistan, which have seen political developments complicating their respective policy environments.

S&P currently rates 21 sovereigns in the Asia-Pacific region, including Malaysia. Malaysia is one of the 16 sovereign ratings with “stable” outlooks. Three others have “positive” outlooks, while the remaining two have “negative” outlooks.

In February, S&P affirmed Malaysia’s short-term foreign currency sovereign credit rating at A-2 and its long-term rating at A-, with a “stable” outlook for the long-term rating.

In its report yesterday, it noted the country’s strength in its monetary asssessment and external assessment, and the rating agency is “neutral” on Malaysia’s institutional assessment, economic assessment, fiscal assessment (budget performance) and fiscal assessment (debt).

In the past five years, S&P said, the average sovereign rating of the region had increased slightly to between BBB and BBB+, from just under BBB. But over the period, geopolitical developments and domestic politics have gained prominence as risks to Asia-Pacific sovereign ratings, it added.

On its ratings and the outlook trend for the period, S&P said despite growing economic uncertainties in 2015, it continues to see stable trends for most sovereign credit ratings in the Asia-Pacific.

The continuing US economic recovery, lower energy prices and still-plentiful liquidity in financial markets support economic growth in the region, it added.

On the other hand, China’s continuing slowdown, its struggle with asset deflation and ongoing uncertainties in the eurozone weigh on Asia-Pacific’s growth prospects, it said.

However, it does not expect the resulting weakening of some credit metrics to be material enough to trigger sovereign rating downgrades so far this year, it added.

Meanwhile, S&P noted that of the 21 ratings, 12 are investment grades (three in the AAA category, four in AA, two in A and three in BBB) and nine are speculative grades (three in BB and six in B), said S&P.

The highest-rated AAA entities are Australia (since February 2003), Hong Kong (since December 2010) and Singapore (since March 1995), it added, with the lowest-rated sovereign in the region being Pakistan (B- since August 2009).

S&P said sovereign ratings in the Asia-Pacific region had been very stable recently, especially when compared with other regions, though it noted that rating movements in smaller sovereigns had contributed to an advance in non-gross domestic product-weighted ratings by almost half a notch over the past year.

http://www.theedgemarkets.com/my/article/politics-unlikely-affect-credit-ratings-next-two-years

Posted by rikki > 2015-07-15 11:53 | Report Abuse

Logistics sector looks good on growing e-commerce

We remain “overweight” on the logistics sector. GD Express Carrier Bhd (GDEX) ( Financial Dashboard), still our top pick given its growth potential in e-commerce activities, may book its strongest earnings growth (37.4% year-on-year [y-o-y]) in financial year 2016 (FY16) when pitted against the other logistics counters in our coverage. Moving into 2016, earnings could be promising for export- and import-oriented players like Tasco Bhd ( Financial Dashboard) and Freight Management Holdings Bhd ( Financial Dashboard), on which we also have “buy” recommendations.

Courier players such as GDEX (“buy”, target price [TP]: RM1.98) and Pos Malaysia Bhd ( Financial Dashboard)’s (“buy”, TP: RM5.44) Pos Laju display promising growth in the logistics sector. The rise of online retail shopping — from business-to-consumer and customer-to-consumer businesses — has driven the burgeoning courier delivery industry. Another driving force that could propel the growth of the industry is if traditional brick and mortar retail outlets start to expand their distribution channels into online platforms.

We note the emergence of new online shopping websites. These entities help to enable fierce competition in the market, not only among the online peers but also for traditional brick and mortar players. While rising competition among online shopping players could put pressure on costs and consequently squeeze courier service providers’ margins, it could also lead to greater volume for couriers and encourage more players to enter the fray.

China could make a bigger entry into Asean eventually. Various Chinese government initiatives and incentives for small and medium enterprises to tie up with e-commerce providers for cross-border transactions could eventually expand into Asean. This could drive up demand for courier services for last-mile deliveries. While the moderating economic landscape poses near-term challenges for export-import trade-oriented logistics players such as Tasco (“buy”, TP: RM4.76) and Freight Management (“buy”, TP: RM1.87), in the mid to longer term, we remain optimistic on the earnings outlook for these two companies, and estimate earnings to grow 19% and 17% y-o-y respectively in FY16, on the back of their ongoing expansion plans.



We maintain our “overweight” stance on the logistics sector, and keep GDEX as our top pick given the growth potential in e-commerce. We expect GDEX to book the strongest earnings growth (37.4%) in FY16, against the rest of the logistics counters in our coverage universe. Given its expected earnings growth, superior returns on equity and strong free cash flow growth trajectory, we deem its high price-earnings ratio as reasonable. — RHB Research Institute, July 14

http://www.theedgemarkets.com/my/article/logistics-sector-looks-good-growing-e-commerce

Posted by rikki > 2015-07-16 08:46 | Report Abuse

Kheesan (6203 – Main Market) had on 15 July 2015 crossed over the RM0.77 hurdle to reach a high of RM0.79 before settling at RM0.775
(+RM0.035, +4.73%).
Next Potential Immediate Upside Target : The crossover of the RM0.77 hurdle would likely see Kheesan trading upward with the next upside
target pegged between RM0.85 and RM0.90.
Indicative Entry Level : Risk taking traders can establish a buying position at RM0.765 on a small pullback.
Stop Loss Level : Once a buying position is established, a stop loss at RM0.75 level must be placed for risk capital protection, and this RM0.75 is
to be followed by a trailing stop loss strategy.

- Alliance Investment Bank

Posted by duitKWSPkita > 2015-07-16 11:50 | Report Abuse

Dear rikki, YS Babe, Mark T Bird, Tessa Joseph and all,

Selamat Hari Raya and Happy Holiday!

Posted by connie > 2015-07-16 12:31 | Report Abuse

hi rikki and all ... happy raya .. happy holiday :):)

Posted by skyhawk > 2015-07-16 15:15 | Report Abuse

Bro CT,Mark T Bird,rikki,ys babe,Tessa,John and all muslim friend...

SELAMAT HARI RAYA & HAPPY HOLIDAY !!

Posted by rikki > 2015-07-16 16:17 | Report Abuse

Wishing Selamat Hari Raya & Happy Holidays to bro Hawk, abang duit, sis connie & all i3 supporters ......cheers!!!

Posted by Tessa Joseph > 2015-07-18 15:23 | Report Abuse

Selamat hari raya and happy holidays! !!

Feel free visit www.superawesomedeals.com.my

Posted by Tessa Joseph > 2015-07-18 15:28 | Report Abuse

Thanks for the wishes my dearest friends. Only today I managed to come here...hmmm

Posted by Hitman > 2015-07-18 17:05 | Report Abuse

Bro rikki, Tessa, YS Babe, Mark T..Selamat Hari Raya Aidilfitri & all muslim friends here...

Posted by Hitman > 2015-07-18 17:07 | Report Abuse

Bro rikki kipidap dude!hehe

Posted by rikki > 2015-07-18 19:55 | Report Abuse

Google soaring 15% on satisfactory result
Posted in Uncategorized on 17/07/2015 by J&J 35

Google share price charging up 15% on good result announced after new CEO appointed with priotization on research projects.  We still like tech companies that will continue deliver stunning technology and profiting shareholders.  Climate, food processing, technology and Healthcare related will be our suggested 2016 segments

Posted by rikki > 2015-07-18 20:14 | Report Abuse

Kheesan: Uptrend continuing

Yesterday, Kheesan broke above its intermediate downtrend line, RR at RM0.77. This morning, it surpassed the April high of RM0.815. With these double breakout, Kheesan is continuing on its prior uptrend. See Chart 1.

Kheesan broke above its long-term downtrend line, RR at RM0.56 in April. Its immedaite resistance is at RM1.00 and beyond that, RM1.60. See Chart 2.

Based on technical consideration, Kheesan is a good trading BUY. For more on Kheesan, you can check out my earlier post (here).

http://nexttrade.blogspot.com/2015/07/kheesan-uptrend-continuing.html