Posted by Tessa Joseph > 2015-07-19 10:19 | Report Abuse

Wah hit, you aso same like babe and bird..hahaha

Hit, raya mana? Hutan ka? Kampong ka? Pekan ka?
LOL

Posted by dragonking > 2015-07-19 10:20 | Report Abuse

Invite u all to my blog www.financialfreedomuniverse.blogspot.com

Posted by Hitman > 2015-07-19 22:10 | Report Abuse

Tessa, hutan la mana lg..its so hard live in jungle..line so slow..hehehe

Posted by rikki > 2015-07-20 08:39 | Report Abuse

Elsoft (0090 – Main Market) had on 16 July 2015 gapped up to reach high of RM1.90 before settling at RM1.87 (+RM0.09, +5.05%).
Next Potential Immediate Upside Target : A crossover of the RM1.90 hurdle would likely see Elsoft trading upward with the next upside target
pegged between RM2.20 and RM2.35.
Indicative Entry Level : Risk taking traders can establish a buying position at RM1.84 on a small pullback.
Stop Loss Level : Once a buying position is established, a stop loss at RM1.80 level must be placed for risk capital protection, and this RM1.80 is
to be followed by a trailing stop loss strategy.
- Alliance Investment Bank

Posted by rikki > 2015-07-21 09:27 | Report Abuse

Stock To Watch

Evergreen @ 1.94 TP 2.90 by CIMB

CIMB Research has initiated coverage on Evergreen Fibreboard Bhd ( Financial Dashboard) with an “Add” rating at RM1.82 and target price of RM2.90 and said Evergreen was one of Asia’s leading medium-density fibreboard (MDF) manufacturers.

In a note July 20, the research house said that after difficult years in 2012-14, Evergreen was poised for an extraordinary turnaround from FY15 onwards, driven by a strong dollar, falling raw material costs and internal restructuring.

“We initiate coverage on Evergreen with an Add rating and target price of RM2.90 (60% upside).

“We value Evergreen at FY16 P/E of 12.5x, in line with the MDF/PB sector average. 2015-2016 should see a strong re-rating as investors reward US dollar plays.

“With the potential sale of non-core assets, Evergreen has room to raise dividends substantially over the next two years,” it said.

http://www.theedgemarkets.com/my/article/cimb-research-starts-coverage-evergreen-fibreboard-target-rm290

Posted by rikki > 2015-07-21 19:16 | Report Abuse

Perwaja shareholder do take note
http://nexttrade.blogspot.com/2015/07/perwaja-cautious-white-knight-found.html?m=1

Posted by Tessa Joseph > 2015-07-21 23:16 | Report Abuse

hutan? hutan batu?

have you been to my other blog


http://tessajoseph.blogspot.com/

Posted by YS Babe > 2015-07-21 23:31 | Report Abuse

apa jadi dengan awak punya website superawesome tu?

Posted by AyamTua > 2015-07-21 23:36 | Report Abuse

hi sayang..
miss me?

aku suka main kat hutan


kikikikii

Posted by Tessa Joseph > 2015-07-21 23:39 | Report Abuse

i tak boleh masuk, dunno la MCMC ka, hackers ka, so I buang the whole things, it doesn't matter la, I ada free spaces at other places, the paid one always give me problem, hackers hari hari pun mau hack, they did it once. MCMC also very childish, blocked sarawak report, this cannot that cannot, trying to shift tumpuan 1MDB, you want to dengar real news on 1MDB now better go to Singapore LOL

Goodnight all.

Posted by Tessa Joseph > 2015-07-21 23:39 | Report Abuse

ayam tua!!!!!

LOL

Posted by tjhldg > 2015-07-21 23:41 | Report Abuse

tessa !!!!!!!!!!!

lollllllllllllllllllllllllllll

ahahahahhahahaha

Posted by YS Babe > 2015-07-21 23:42 | Report Abuse

Laaaa


Terima kasih kawan2. Ada buat open house tak? Aku lapar ni hehehehe

Posted by Tessa Joseph > 2015-07-21 23:43 | Report Abuse

Hi TJ!!!

muaahhh

Posted by YS Babe > 2015-07-21 23:44 | Report Abuse

selamat malam semua
aku ZZZZ

Posted by Tessa Joseph > 2015-07-21 23:45 | Report Abuse

ok goodnight all :)

Posted by AyamTua > 2015-07-21 23:46 | Report Abuse

remember me

in your hutan dream


good night kawan kawan

kikiiiiiikiiiii

Posted by rikki > 2015-07-22 08:04 | Report Abuse

Renewed buying interest emerges in Eksons, says AllianceDBS Research

AllianceDBS Research said renewed buying interest had emerged in Eksons Corporation Bhd (Eksons) ( Financial Dashboard) and said that Eksons had on July 21 crossed over the RM1.48 hurdle to settle at the day’s high of RM1.53 (up 12 sen or 8.51%).

In its evening edition yesterday, the researh house said the crossover of the RM1.48 hurdle would likely see Eksons trading upward with the next upside target pegged between RM1.65 – RM1.70.

“Risk taking traders can establish a buying position at RM1.51 on a small pullback.

“Once a buying position is established, a stop loss at RM1.48 level must be placed for risk capital protection, and this RM1.48 is to be followed by a trailing stop loss strategy,” it said.

http://www.theedgemarkets.com/my/article/renewed-buying-interest-emerges-eksons-says-alliancedbs-research

Posted by trustme932 > 2015-07-22 14:29 | Report Abuse

Rikki...good afternoon..long time didn't hear from u..wish u huat huat arr!!

Posted by rikki > 2015-07-22 21:28 | Report Abuse

Helo trustme932, thank you for the wishes......wishing you huat huat all the way too!!!

Posted by rikki > 2015-07-22 21:30 | Report Abuse

Kenanga's Third Quarter Market Outlook

Kenanga has just issued its 3rd Quarter Market Outlook, entitled "NO MORE EASY MONEY". The gist of the report is as follows: 

Temporary Bottom? Despite inspired by the Malaysian Sovereign Rating upgrade, we do not rule out that a temporary bottom could have formed as the recent price corrections were steep in nature and the “Discount” between FBMKLCI to its consensus index target has widened to 7.5%, which is the -2SD-level below its trailing 3-year mean of 4%. Moreover, we gathered that the “Premium” of FBMKLCI valuation, as per consensus Fwd. PER, has also been narrowing against regional peers. Besides, we also believe the decline in average foreign shareholding of FBMKLCI could taper off. This is because the average foreign shareholding is still on an uptrend since early 2013 and the recent decline in the average foreign shareholding has been deviating from its regression trend significantly, which could suggest an “oversold” condition, at least in the short-term. 

Nonetheless, downside risk remains intact. Owing to both domestic and external uncertainties, coupled with the negative technical picture and weaker investment sentiment as well as higher market volatility, persistent foreign outflow could be a concern despite the reasonably strong domestic liquidity. Besides, we also notice that the market dynamics are highly correlated to share financing as well. So far, FBMKLCI and its Fwd. PER have been declining in tandem with the lower percentage of Loan for Share Financing to Total Loan. Should this lending continue to decline, this will put pressure on the equity market.

Therefore, we have lowered our index target lower to 1,810 (from 1,845 earlier) on lower target FY16E PER (18.4x vs. 19.0x earlier) and minor earnings and target prices adjustment. This target is also backed by FY15E earnings growth of 2.5% and a stronger growth of 7.8% in FY16E.

Focused Sector & Stock Picks. We continue to like high-yielding stocks such as BJTOTO (OP, TP: RM3.72). Stocks in resilient sectors such as Telco, Healthcare, Education and Consumer F&B will also be our preferred choices. Among these sectors, we choose TM (OP, TP: RM7.80), TOPGLVE (OP, TP: RM7.90) and SASBADI (TB, TP: RM2.68) as our 3Q Top Picks. While the weakening trend of ringgitremains favourable to exporters, we are selective and prefer laggards. As such, we select TOPGLVE asour Top Pick from glove sector for the quarter. Nonetheless, we do see further upside for some exporters such as MPI (OP, TP: RM8.90) and SLP (OP, TP: RM1.76) despite their superb performances. Of course, we also continue to focus on our other Overweight sectors like Construction and Logistics. MITRA (OP, TP: RM2.35) and CENTURY (TB, TP: RM1.19) are the chosen ones from these sectors. Other Top Picks are ARMADA (OP, TP: RM1.55), BJAUTO (OP, TP: RM3.14), and PESTECH (OP, TP: RM6.11) despite our Neutral rating on Oil & Gas, Auto and Power Utility sectors. For short-term traders, it is worthwhile to consider bottom-fishing stocks, especially big caps, which are trading near their respective 52-week lows. We believe these heavily bashed down stocks could stage a quick rebound from their recent lows.

http://nexttrade.blogspot.com/

Posted by Tessa Joseph > 2015-07-23 10:15 | Report Abuse

Hi all, thanks rikki

my website http://superawesomedeals.com.my/
ok oredi!!

Posted by YS Babe > 2015-07-23 10:28 | Report Abuse

Tessa, bagus la tu. Sape yang punya angkara? Aku tengok article lain dari blogspot awak
hehehe

Posted by Tessa Joseph > 2015-07-23 10:30 | Report Abuse

wordpress dan hackers, kena buat balik, semalam web bosting company buang all files...hmmm

Posted by YS Babe > 2015-07-23 10:46 | Report Abuse

la aku ingat MCMC 1MDB

hehehe

Posted by Tessa Joseph > 2015-07-23 10:51 | Report Abuse

i tot that at first, but i commented abit only on jerome lee, big ones are on Tun M's wall...hmmm

Posted by YS Babe > 2015-07-23 10:53 | Report Abuse

marah betul orang tua tu, apa awak cakap pasal jerome lee, aku tak sempat baca

Posted by Tessa Joseph > 2015-07-23 10:57 | Report Abuse

nothing much just asking jerome lee is it the group executive officer of putrajaya perdana, his lawyer told straits times his client businessman - construction, and the only jerome lee i can think of is that guy

Posted by YS Babe > 2015-07-23 10:58 | Report Abuse

semalam datuk shamsul kena cekup lak
macam macam weh

Posted by Tessa Joseph > 2015-07-23 11:05 | Report Abuse

alamak that guy, I had dinner at a function, he sat next to me, a few years ago, dunno him that well but still terkejut, fair skin sweet guy, at that time not working for 1MDB

Posted by duitKWSPkita > 2015-07-23 11:07 | Report Abuse

Selamat Pagi YS Babe...

nasib baik bukan IS Babe.................

wa mau anjur OPEN HOUSE liao..... but so far no house yet........

Posted by YS Babe > Jul 23, 2015 10:51 AM | Report Abuse

wah ramai betul sini, burung pun ada

Posted by YS Babe > 2015-07-23 11:10 | Report Abuse

ada ke, khabornya duit dok buat day trading, massyuk besau

Posted by Mark T Bird > 2015-07-23 11:11 | Report Abuse

whoa
running away from Puncak

Posted by YS Babe > 2015-07-23 11:12 | Report Abuse

mark, apa pasal pulak?

Posted by Mark T Bird > 2015-07-23 11:13 | Report Abuse

Shhhh

Posted by rikki > 2015-07-23 19:43 | Report Abuse

CIMB Research sees firm earnings growth for GHL Systems

CIMB Equities Research views GHL Systems’ earnings growth prospects as intact and it is still confident of the company’s execution strategy for the existing payment solution services.

GHL is partnering with Globe Telecom to enable micro, small and medium enterprises (MSMEs) in the Philippines to offer e-payment services using its mobile payment solutions (mPOS).

“We are not surprised as management had earlier indicated that it is looking to extend GHL’s existing payment solution services to Philippine telcos.

“We expect GHL to post a stronger performance in 2H15, driven by the maiden contribution from its Malaysian transaction payment acquisition (TPA) business,” the research house said on Thursday.

GHL Systems will acquire the merchants on behalf of the telcos and earn transaction fees from the mPOS devices.  

“We see this as a positive strategy to capture the unbanked population in the Philippines, estimated to exceed 60%. Globe Charge currently imposes a merchant discount rate of about 290bp.

“We expect GHL to receive between 50-60bp per transaction. Meanwhile, in terms of cost, we understand that an mPOS device is relatively cheaper, about US$50 per device compared with US$150 for a conventional plug-in POS terminal,” it said.      

CIMB Research said it is keeping its EPS forecast as it had included the potential impact to the group’s earnings. It will monitor GHL Systems’ Malaysian credit card TPA performance from 3Q15 onwards.  

The research house maintained an Add rating, with an unchanged target price of RM1.45, based on 27.8 times CY16 price-to-earnings (P/E).

This is a 40% premium over the payment sector average P/E of 20 times, in view of its strong projected FY14-16 EPS CAGR of 85% for GHL Systems.

“Stronger TPA earnings and M&As in new markets are potential re-rating catalysts,” it said.

http://www.thestar.com.my/Business/Business-News/2015/07/23/CIMB-Research-sees-firm-earnings-growth-for-GHL-Systems/?style=biz

Posted by rikki > 2015-07-23 19:46 | Report Abuse

CIMB Research starts coverage of Syt Takaful Malaysia

CIMB Equities Research has initiated coverage of Syarikat Takaful Malaysia (STM) with a target price of RM4.39  and an Add recommendation.

It said on Thursday STM is for investors looking for pure and direct exposure to the fast-growing takaful industry. STM is also one of the biggest players in this segment, competing with Maybank-owned Etiqa.  

“Potential re-rating catalysts are (1) a strong three-year EPS compounded annual growth rate (CAGR) of 15.6% for FY14-17, (2) a positive industry outlook, and (3) high returns on equity  (ROE) of 20%+,” it said.  

STM is the only listed pure takaful operator on Bursa Malaysia. The company can be considered a composite insurer, as it is operating both family takaful (akin to life insurance) and general takaful (non-life insurance) businesses, from which it generated total contributions (premiums) of RM1.4bil in FY14. It also has a small takaful unit in Indonesia.    

“We believe the outlook is positive for the takaful industry due to the switch from conventional insurance to takaful products among the Muslim community and an increase take-up rate for family takaful products.

“In 2015, we are projecting contribution (premiums) growth of 10%-11% for the general takaful sector and 11%-14% for the family takaful sector,” it said.

CIMB Research forecast a three-year CAGR of 15.6% for STM’s net profit in FY14-17. This is expected to be underpinned by an 11.5% CAGR in gross earned contributions, with a CAGR of 12% for the family takaful business and 10.3% for the general takaful business.

For the general takaful business, it anticipated an improvement in the gross claims ratio from 72.6% in FY14 to 65% in FY15-16 and 64% in FY17. 

“We think that STM should trade at a premium valuation compared to its peers in Malaysia due to its (1) proposition as the only pure direct exposure to the takaful sector, (2) position as a composite insurer, (3) our projection of swift EPS growth, and (3) superior ROE of 24%-27%,” it said.

http://www.thestar.com.my/Business/Business-News/2015/07/23/CIMB-Research-starts-coverage-of-Syt-Takaful-Malaysia/?style=biz

Posted by yongyou > 2015-07-24 06:54 | Report Abuse

Good Morning rikki

Posted by rikki > 2015-07-24 07:52 | Report Abuse

Good morning yongyou.....wishing u a fruitful day!!!!

Posted by rikki > 2015-07-24 07:54 | Report Abuse

Stock To Watch - CCB @ RM3.46

Cycle & Carriage Bintang Bhd ( Financial Dashboard), which saw its share price hit a three-and-a-half-year high today, posted a 10-fold jump in its net profit for the second quarter ended June 30, 2015 (2QFY15) to RM21.83 million or 21.67 sen a share, on improved performance from its retail and aftersales operations, and recognition of dividend income.

The group recorded a net profit of RM2.03 million or 2.02 sen a share in the same period last year, its filing to Bursa Malaysia showed.

Revenue for the quarter also doubled to RM472.36 million from RM231.16 million from last year. Better earnings aside, Cycle & Carriage did not declare a dividend for the period.

Meanwhile, for its cumulative six months (1HFY15), net profit jumped six-fold to RM28.47 million or 28.26 sen a share from RM3.73 million or 3.7 sen a share in the last corresponding period.

Cumulative revenue stood at RM735.48 million, up 76.14% from RM417.56 million in 1HFY14.

Cycle & Carriage chairman Alex Newbigging, in a statement, said the group performed considerably better in the first half of 2015 due to strong sales of popular models, improved margins, and recognition of the Mercedes-Benz Malaysia Sdn Bhd (MBM) dividend income.

According to him, Mercedes-Benz operations recorded a net profit of RM17.3 million, compared to RM3.7 million in the previous year, due to a 46% jump in unit sales and improved margins.

"Overall net profit, which included dividend income received from MBM in June 2015, was RM28.5 million," he added.

He said the group has recently commenced a programme of upgrades to existing facilities, while a new Autohaus in Cheras, Kuala Lumpur, is expected to be operational by around the year end.

Going forward, he said the outlook for the rest of the year is expected to be satisfactory, although there will be challenges due to tougher trading conditions and model life cycle issues.

Cycle & Carriage closed its three-and-a-half-year high today at RM3.46, for a market capitalisation of RM348.58 million

http://www.theedgemarkets.com/my/article/cycle-carriage-2q-net-profit-soars-10-fold-rm2183m

Posted by rikki > 2015-07-24 11:12 | Report Abuse

Eco World on Alliance DBS Research buy list

Alliance DBS Research is maintaining its target price of RM1.90 for Eco World Development (ECW) which is based on a 20% discount to its realised net asset value (RNAV).

It said on Friday it continues to like Eco World for the proven and impeccable track record of its key senior executives, who have helped the developer to establish strong branding among property buyers.

“Despite being a relatively new property developer, Eco World has been able to sell properties at an unprecedented pace, reflecting property buyers’ confidence in the group’s strong brand name,” it said.

After RM3.2bil sales booked in FY14,
is targeting RM7bil sales over next two years, which the research house believes is achievable.

“Therefore, we are projecting an explosive two-year earnings CAGR of 150% over FY15-17F, due to its small profit base at this juncture,” it said.

Eco World’s focus on township developments bode well for its future growth prospects, especially during current challenging times where sentiment is relatively weaker among property buyers.

The property developer’s well-crafted townships with eco-friendly amenities and impressive landscaping features continue to attract overwhelming response to its properties, despite benchmark pricing for most of its products.

“Eco World’s massive corporate exercise to raise RM2.8bil total proceeds was completed on May 19.

“We estimate Eco World’s net gearing to remain healthy at 54% by end-FY15, despite its aggressive acquisitions over the past two years. Its 5,246 acres of land bank which will generate RM65bil GDV will ensure long-term visibility for its earnings growth,” it said.

Eco World will also venture into overseas market via a proposed 30% participation in Eco World International which will be floated on Bursa Malaysia to raise RM2bil proceeds by the first half of 2016.

However, the surge in property prices over the last few years, coupled with recent tightening measures, could weaken property sales as buyers turn more cautious.

http://www.thestar.com.my/Business/Business-News/2015/07/24/Eco-World-Development-on-Alliance-DBS-Research-buy-list/?style=biz

Posted by rikki > 2015-07-24 11:20 | Report Abuse

China PMI drops sharply, surprising markets

The preliminary China Caixin purchasing managers index (PMI) surprised markets by dropping to a 15-month low in July, with analysts pinning the hit on the recent stock market crash and weak export demand.

The index, released Friday, fell to 48.2, coming in well below the 49.7 forecast from a Reuters poll and the 50-mark separating growth from contraction.

"The PMI came as a big surprise for the market, which was expecting an increase," Dariusz Kowalczyk, senior economist at Credit Agricole private bank, said. "I believe the reading reflects the negative impact of the stock market crash, the weaker outlook for consumption and the worsening of availability of funding for investment," he said, noting that initial public offerings (IPOs) were suspended in the wake of stock market turmoil.

http://www.cnbc.com/2015/07/23/caixin-china-pmi-falls-to-lower-than-expected-482-15-month-low.html

Posted by rikki > 2015-07-26 10:51 | Report Abuse

Eye on stock:

AWC
 
A FUTILE attempt to penetrate the pretty stiff barrier of 50 sen for two consecutive days several months back, sent AWC Bhd into correction mode, which witnessed prices dropping from a high of 49.5 sen on April 13 – the best level in a decade – to a low of 34 sen in mid-June owing to an apparent profit-taking.

Thereafter, this counter traded mostly range-bound on consolidation, lasting about a month, before the wake of fresh bargain hunting interest emerged to push prices higher.

AWC shares mended to a two-month high of 42.5 sen on Thursday but turned flat at 41.5 sen yesterday, because the sluggish principal market trend was not supportive.

Based on the daily chart, AWC has carved out a short-term upward leg after the recent gains and it looks like this counter has more more scaling to do, with prices trading above all the moving averages amid robust volumes, suggesting growing investor interest.

Initial resisistance is expected at the 42.5 sen-43.5-sen band. The next objective would be to beat the 50-sen heavy resistance line, of which a successful major breakout would signal the continuation of a rally, enroute to the 69 sen-70-sen range.

Elsewhere, the daily slow-stochastic momentum index retained the buy call, but it had indicated a tentative topping out sign near the overbought area of 75%.

Similarly, the 14-day relative strength index rose to a high of 78 on Thursday before curving down slightly to settle at the 72-point level. In stark contast, the daily moving average convergence/divergence histogram kept the buy signal and stay bullish, continuing to expand positively against the trigger line, also returning to the positive territory.

Technical indicators suggest this stock has great upside potential in the pipeline and should the bulls decide to pause for air, it is likely to be temporary and we see it as an opportunity for investors to accumulate more.

Current support is pegged at the 100-day simple moving average of 39 sen and the recent lows of 34 sen will now act as a solid platform for the present wave. – By K.M. Lee

http://www.thestar.com.my/Business/Business-News/2015/07/25/Eye-on-stock-AWC/?style=biz

Posted by rikki > 2015-07-27 06:58 | Report Abuse

Hexza gains traction

Hexza Corp Bhd, a manufacturer of synthetic resins and chemical products, has slowly been gaining ground, thanks to measures undertaken since February this year to strengthen its earnings portfolio.

In the late 1990s, the stock was among the favourites trading at above RM2.50 before collapsing alongside concerns that valuations of the entire stock market had run ahead of fundamentals.

While riding on a general recovery trend in recent years, trading in Hexza gathered momentum only fairly recently, pushing the shares all the way to 94 sen in April – the highest it has been in 15 years.

It, however, slipped into a mild consolidation mode owing to light profit-taking thereafter.

At Friday’s close, the stock finished at 92 sen, giving the company a market capitalisation of RM184mil.

Notably, since February until now, the Ipoh-based Hexza, which has been quiet and low-profile for the longest time, made two announcements that could yield the smallish company over RM40mil in total.

On Feb 11, the company announced to the stock exchange that it had entered into a sale and purchase and lease agreement with Singapore’s Tembusu Industries Pte Ltd for it to buy from, and lease back, engineering equipment to Tembusu, indirectly giving itself a recurring income for the next 10 years.

The equipment would be used for a 8MW heavy fuel oil power generation system in Kauthaung, Myanmar.

Under the agreement, which does not need shareholders’ approval, Hexza will pay US$6mil (RM22.8mil) to Tembusu to buy the equipment and then lease it back to that company at a monthly rental of US$130,205 or US$1.56mil annually for the next decade.

Back-of-the-envelope calculations show that it will reap some US$9.6mil return on investment from this purchase and lease deal, which going by the company’s announcement, should have already been completed on July 1.

In its announcement to Bursa Malaysia, Hexza said “the investment in the equipment provides the company with a good return of its funds compared to placement of funds with financial institutions.”

The second announcement was in March where Hexza said its subsidiary, Norsechem Resins Sdn Bhd (NRSB), would sell off its loss-making manufacturing building and 2.83ha in Klang for RM17mil.

“The board having taken into consideration all aspects of the group’s operation, including the expected future viability, prospects for growth and profitability, decided that it is in the best interest of Hexza Group to discontinue the production of formaldehyde and formaldehyde-based resins of NRSB in Port Klang.”

Based on the latest net book value of the land and property, which stands at RM10.4mil, Hexza stands to gain some RM6.6mil from the disposal, which shall increase the company’s earnings per share by about 3.3 sen for the financial year ending June 30, 2016 (FY16).

Up to the nine months to March 31, Hexza’s net profit stood at RM10.7mil or 5.40 sen per share, compared with a net profit of about RM5mil or 2.50 sen per share for the same period the year before.

It is currently sitting on a cash pile of some RM65mil with zero short-term borrowings.

In FY14, Hexza paid four sen per share in dividends to shareholders, which translates into a yield of about 4% based on the company’s current share price.

Hexza is due to release its results for the whole of FY15 next month.

The firm manufactures formaldehyde-based adhesives and resins, ethanol and organically fermented vinegar, with its products being used for various businesses, including in the manufacture of plywood, particle boards and medium-density fibre boards, and the pharmaceutical, cosmetic as well as the food and beverage industries.

It also has a property segment where it is looking to embark on “boutique and mixed development” works.

In its latest annual report, Hexza said “despite the many uncertainties, we believe that our emphasis on quality, supply chain management, financial and budgetary improvements have served us well and allowed our products to remain competitive.”

It said the board had been “quite conservative” in the approach to expansion and diversification and will adopt a “more aggressive but studied” approach in growing its top and bottom lines, moving forward.

http://www.thestar.com.my/Business/Business-News/2015/07/27/Hexza-gains-traction/?style=biz

Posted by rikki > 2015-07-27 11:39 | Report Abuse

HLIB Research maintains Overweight on Technology sector

Hong Leong IB Research has maintained its “Overweight” rating on the Technology sector and said athough Apple delivered stellar results beating market expectations, share price was down 7% in after-hours trading on last Tuesday due to forward guidance.

In a note today, the research house said it was not overly concerned and kept its Overweight stance on Malaysian tech sector, especially those with exposure to Apple’s supply chain.

“Flat/softer quarter for Apple as consumer hold back their purchases for next generation iPhone 6S/6S+ which are expected to hit the shelves by year end or 4QCY.

“Unexciting revenue growth guidance may also due to the stronger USD. As of 3QFY15, circa 60% of sales originated outside of Americas.

“Ahead of new product launch, Apple may embark on trade-in/buyback programs to clear existing stocks leading to weaker GP margin,” it said.

HLIB Research said its top picks were Unisem (M) Bhd ( Financial Dashboard) (Buy, RM2.82) and Inari Amertron Bhd (Buy, RM3.67).

http://www.theedgemarkets.com/my/article/hlib-research-maintains-overweight-technology-sector

Posted by duitKWSPkita > 2015-07-27 11:41 | Report Abuse

Good morning rikki and allllllllllllllllll

Wishing everyone huat huat huat.

Posted by rikki > 2015-07-27 14:47 | Report Abuse

Destini Aviation to handle maintenance of AirAsia planes

Destini Bhd’s will handle the maintenance, repair and overhaul (MRO) of AirAsia Bhd’s aircraft under a proposed strategic outsourcing exercise.

Destini said on Monday its unit Destini Aviation Sdn Bhd had signed a collaboration agreement with AirAsia to lay the groundwork for the final negotiations and implementation plan to execute the strategic outsourcing exercise.

“The agreement covers key initiatives for strategic outsourcing namely technical handling, component maintenance, repair and overhaul, and hangar based MRO. Each of these initiatives is to be implemented in a phased manner over the next six to eight months, one after the other,” it said. 

Destini said the agreement was expected to have positive contribution to the earnings per share, net assets per share and gearing of the Destini group.

There are no significant risks other than operational risk associated with the agreement

http://www.thestar.com.my/Business/Business-News/2015/07/27/Destini-Aviation-to-handle-maintenance-of-AirAsia-planes/?style=biz

Posted by rikki > 2015-07-27 20:09 | Report Abuse

SKP Resources - Growth Assured ( TP RM1.71 by Public Invest )

We had an opportunity to visit the Group's assembly plant in Johor recently, coming away certain that our confidence in the Group has not been misplaced. Growth remains firmly on track with capacity and capabilities in no question, reflected by the gradually increasing share price as more investors exhibit greater appreciation of its prospects. Its share price has already appreciated 59% since our initiation just 3 months ago, and a cumulative 120.3% year-todate. The recently-announced financial results which saw slightly lower margins recorded is not overly-worrisome, as we expect the significant levels of growth in the coming financial years to mitigate any potential erosions from raw material cost pressures.

We maintain our Outperform call with a raised target price of RM1.71 (RM1.18 previously) as we roll over our valuations to FY17, adequately capturing the Group's healthy growth spurt in the coming few financial years, underpinned by the expected increase in orders from its key existing clients. Our earnings estimates for FY16 and FY17 are raised c.10% higher to account for slightly higher production assumptions.

http://klse.i3investor.com/blogs/PublicInvest/80386.jsp

Posted by rikki > 2015-07-27 21:37 | Report Abuse

S&P keeps Malaysia's A- sovereign rating, outlook stable

Standard & Poor's kept Malaysia's long-term foreign currency sovereign credit rating at A- with a "stable" outlook, saying allegations of graft involving debt-laden state fund 1Malaysia Development Berhad (1MDB) will not impede policymaking.

The agency also said it does not see the decline in energy prices affecting Malaysia's long-term fiscal consolidation.

"The country's strong external position and fairly diverse economy can absorb some weakness in the oil and gas sector," S&P said in a statement on Monday.

The agency last revised lower Malaysia's outlook in 2008 while the country's rating has been kept at A- since 2003.

S&P's announcement comes on the back of Fitch Ratings decision earlier this month to revise its Malaysia outlook to "stable".

Although the major oil and gas exporter saw its revenues hit by lower energy and commodity prices earlier this year, S&P said the country's strong external position "can withstand a slowdown in the oil and gas sector over the next two years".

S&P's decision was widely expected and economists said the move was positive and reflects the government's efforts to better manage its economy.

"Combining S&P and Fitch's statements together, it is reinforcing our view that as long as the fiscal reform momentum is intact and there's no change in the regime, we'll continue to see statements supportive of the sovereign rating," said Euben Paracuelles, economist at Nomura Holdings ( Financial Dashboard).

The Malaysian ringgit slid to a 17-year low on Monday as it extended declines, making it the worst performing emerging Asian currency this year.

However, S&P said that the weak ringgit would help "boost exports of manufactured goods, and partly offset the impact of lower oil prices in Malaysia's energy exports".

The country's reserves have fallen $31.5 billion since September 2014, when oil and gas prices, and the ringgit, started to weaken.

RIGHT TRACK

S&P said Malaysia was on the right track after the government embarked on fiscal consolidation. Malaysia axed fuel subsidies in December 2014 and introduced a consumption tax in April this year to ease its debt burden.

The ratings agency said the country's public debt had contingent risks, including a $3 billion "letter of support" for 1MDB from the government, but added it did not believe such contingent liabilities would materialise significantly.

Investment fund 1MDB has debts of more than $11 billion and is under investigation from state authorities following allegations of graft and financial mismanagement.

http://www.theedgemarkets.com/my/article/sp-keeps-malaysias-sovereign-rating-outlook-stable

Posted by rikki > 2015-07-27 21:58 | Report Abuse

Oceancash Pacific to make a bigger splash

Felt and non-woven product manufacturer Oceancash Pacific Bhd has set a target of achieving an annual turnover of RM100 million within the next three years in line with increased demand for its products.

"We should cross RM80 million (in revenue) this year," chairman and CEO Tan Siew Chin told SunBiz in a recent interview.

Oceancash reported a 24.43% drop in net profit to RM4.91 million for the financial year ended December 31, 2014 from RM6.50 million a year ago, due to a RM1.7 million write off from the cessation of a production line under the PE division, which had been making losses over the last few years.

Revenue, meanwhile, rose 6.16% from RM68.58 million to RM72.81 million.

For the current financial year ending December 31, 2015, Tan is confident that the company will register better results, in particular with better growth prospects for the non-woven segment.

"Our business prospects for this year and next year should be good as we expanded into Indonesia four years ago," he said.

Oceancash's first-quarter net profit for the first quarter ended March 31, 2015 jumped 24.18% to RM2.22 million from RM1.79 million in the previous corresponding period.

Oceancash manufacturers and exports resinated and thermoplastic felts, noise and carpet underlays as well as non-vowen products that are used in baby diapers and sanitary cloth products,

Currently it has two production lines in Indonesia for the felt business, which has a monthly production capacity of 150 tonnes per line.

The company has spent RM25 million on the expansion of its Jakarta plant for land, factory building as well as the production lines.

For Malaysia, in which it operates two production lines as well, it garners a 60% market share, said Tan.

Besides that, Oceancash is transferring a production plant to Thailand to cater to the huge automotive market there and is expected to start operations by end of this year, with a monthly production capacity of 150 tonnes. The investment cost is about RM1 million for the venture.

He said felts are mostly exported to markets like Thailand, Taiwan, the Philippines and Australia.

http://m.thesundaily.my/news/1500805