Posted by rikki > 2015-11-17 08:14 | Report Abuse

Support Line

FIBON rose to a high of 67.5 sen during intra-day session, the best since November 2013, amid follow-through buying momentum. Based on the daily chart, prices are expected to face stiff resistance at the 68.5 sen barrier, of which a major breakout may clear the way for the bulls to sustain the rally to the 90 sen mark, or the RM1 psychological level in the near-term. Concrete support is pegged at the 14-day simple moving average, now resting at the 51.5 sen floor, and still rising.

ONLY World Group shares hit a high of RM2.85 during intra-day session, inching nearer to the historical peak of RM2.99, set on July 24, amid renewed bargain hunting interest. Technically, all the short-term indicators, such as the stochastic, the 14-day relative strength index and the moving average convergence/divergence histogram are painting a promising landscape, implying prices are poised to explore the unknown territory soon. Initial support is lying at RM2.69 and solid support is seen at the RM2.52 level, which is the 100-day simple moving average line.

A FUTILE attempt to penetrate the 100-day simple moving average of 70 sen last Thursday, dragged Salcon shares back into consolidation mode. The trend ahead is very straightforward. A decisive penetration of the strong resistance of 70.5 sen barrier is likely to see the fate of this counter turning brighter, enroute to the upper hurdle of 85 sen, on renewed buying interest. However, in the case the 62 sen floor is violated, prices are in great danger of returning to the recent lows of 55.5 sen, or lower, in the wake of fresh liquidation pressure.

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

http://www.thestar.com.my/Business/Business-News/2015/11/17/Support-Line/?style=biz

Posted by rikki > 2015-11-18 06:48 | Report Abuse

Dufu & Mmode

http://fatta888.blogspot.my/

Posted by rikki > 2015-11-19 08:13 | Report Abuse

Support Line

MAGNA Prima spiked for the second straight session, pushing prices to as high as RM1.15 during intra-day trading, the best in almost four months, amid follow-through bargain hunting nibbling. Apparently, the stochastic and the 14-day relative strength index are on the rise while the moving average convergence/divergence histogram continues to expand upward against the signal line. suggesting more advances can be expected in the short-term. Initial resistance is envisaged at the RM1.20-RM1.25 band and a major breakout of the upper RM1.40 stiff barrier would see the bulls turning more aggressive. Support is pegged at the 100-day simple moving average of 99.5 sen.

ORIENTAL Food Inds shares remained trapped within a narrow range a shade below the one-week-old record high of RM2.26, undergoing a healthy consolidation. Technically, all the short-term indicators still are painting a positive pictogram, implying the bulls are set to explore the unknown territory soon. As for the downside, concrete support floor is seen at the 14-day simple moving average of RM2.09.

PUBLIC Packages Holdings reversed from an early high of RM1.13, the best since August 1997, to finish a tick lower owing to an apparent profit-taking activity. Based on the daily chart, a major breakout was sighted on Tuesday and theoretically, it will open the windows for more scaling going forward. Initial target is to challenge the immediate resistance of RM1.20, of which a clear penetration may send prices up to the RM1.36-RM1.40 range. Current support is lying at the RM1.04 mark, followed by the 93 sen floor, which is the 14-day simple moving average line.

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

- The Star Business 19/11/2015

Posted by rikki > 2015-11-19 08:17 | Report Abuse

Technical Stocks To Watch on 19/11/2015 – POHUAT (7088), UMSNGB (7227), NYLEX (4944) & SCABLE (5170)

http://fatta888.blogspot.my/

Posted by rikki > 2015-11-19 09:35 | Report Abuse

CIMB Research starts coverage on Instacom, target 72 sen

KUALA LUMPUR (Nov 19): CIMB IB Research ( Valuation: 1.65, Fundamental: 1.05) has initiated coverage on Instacom Group Bhd ( Valuation: 0.00, Fundamental: 1.25) at 23 sen with an “Add” rating and target price of 72 sen and said Instacom (to be renamed Vivocom) will morphe into a potential giant construction company, with the asset injection of Neata group.

In a noet Nov 18, the research house said the outstanding orderbook of RM2 billion could rise to RM5 billion over the next 1-2 years.

The newly renamed Vivocom is the in-house contractor for global Chinese construction giant, CRCC in Malaysia and South East Asia.

“We initiate coverage with an Add rating and SOP-based target price of 72 sen, valuing the construction business at 9x FY17 P/E.

“We believe that Vivocom has massive P/E rerating potential given the large valuation gap with its construction peers and zero analyst coverage.

“It is trading at FY17 fully-diluted P/E of 3.0x, 80% discount to the sector FY17 P/E of 14.5x which is unjustified given 456% FY15-17 EPS CAGR. On a P/BV basis, the stock is also very cheap, trading at 0.9x FY17 P/BV versus FY17 ROE of 48%,” it said.

Posted by rikki > 2015-11-19 23:31 | Report Abuse

Thong Guan’s 3Q earnings surge 130% on higher export margin

KUALA LUMPUR (Nov 19): Plastic packaging manufacturer Thong Guan Industries Bhd ( Valuation: 1.40, Fundamental: 2.25) saw its net profit more than doubling year-on-year to RM11.3 million from RM4.9 million in its third quarter ended Sept 30, 2015 (3QFY15), on higher margin from export sales that are mostly denominated in US dollar.

Its earnings per share for the quarter thus rose to 10.7 sen from 4.67 sen in the previous year's corresponding period, its filing to Bursa Malaysia today showed.

Its China-based operations under the plastic products segment (its main earnings contributor), which had turned profitable during the current quarter, also boosted its latest quarterly earnings.

The quarter’s revenue, however, slid 5% to RM182.3 million from RM191.9 million in the same period last year, largely because of lower selling prices due to lower prices of raw materials.

Its cumulative nine months’ (9MFY15) net profit, meanwhile, was up 6.2% to RM23 million from RM21.7 million in 9MFY14, due to the same reason for its quarterly profit rise. 

Its 9MFY15 revenue, however, slid 8.7% to RM516.4 million from RM565.6 million, again due to lower selling prices due to lower prices of raw materials. 

On prospects, the group said its 33-layer nano-technology strech film line is expected to be commissioned by end-2015.

“Marketing efforts have commenced and order enquiries are promising. The group expects the nano-layer line and its R&D centre to play an important role to lead the group forward in its effort to move up the value chain,” it said.

Meanwhile, it expects its food, beverage and other consumable business segment to continue its steady progress, with consistent effort on marketing and promotional activities.

“The group’s venture into the noodle business will see significant contribution upon completion of its manufacturing facilities expansion at a new production site, which will be operational by the first quarter of 2016. This will be a new income stream for the food division,” it said.

The depreciation of the ringgit against the US dollar will continue to benefit the group, it added.

Posted by rikki > 2015-11-19 23:40 | Report Abuse

Halex to supply rice to Govt Food Bank project under RM184m deal

KUALA LUMPUR: Halex Holdings Bhd has been awarded a contract of up to RM184mil to supply and package white rice under the Food Bank Project launched by the Malaysian Government.

The company said in its filing with Bursa Malaysia on Thursday that its trading subsidiary Halex (M) Sdn Bhd accepted the offer from Koperasi Majlis Belia Felda Malaysia Bhd (KMBFM) to procure and package rice for the project, known as Project Gedung Makanan Negara (GMN).

“The estimated total contract value is up to RM184mil or 80,000 tonnes of white rice per annum,” Halex said. 

"However, the value is only an estimate and KMBFM does not guarantee that the full amount will be purchased. The actual amount purchased will vary depending on the purchase order given from time-to-time," it added.


Halex said the contract is for two years up to 2017, and may be extended by one year to 2018, subject to negotiation and mutual agreement.

It said the contract is an expansion of its rice trading business following Halex’s recent proposed acquisition of a 70% equity interest in SL Aktif Sdn Bhd, which also received an offer from KMBFM to procure and package rice under the GMN Project as announced on Nov 11.

KMBFM was incorporated on Jan 27, 2012 to carry out contracting activities and participate in awards from government and private sector. These include management advisory services, agricultural activities and retail businesses.

Halex expects the contract to contribute positively to its results for the financial year ending Dec 31, 2016.

http://www.thestar.com.my/Business/Business-News/2015/11/19/Halex-to-supply-rice-for-Government-Food-Bank-project/?style=biz

Posted by YS Babe > 2015-11-19 23:43 | Report Abuse

thong guan nama biskut tin kat rumah aku hehehe

Posted by rikki > 2015-11-19 23:43 | Report Abuse

China's PBOC announces more easing measures

China's central bank provided yet more stimulus to the country's economy on Thursday by lowering the interest rates on the loans it gives to banks.

The move, which will come into effect on Friday, will cut the overnight and seven-day rates it gives to Chinese lenders by 2.75 percent and 3.25 percent respectively.

http://www.cnbc.com/2015/11/19/chinas-pboc-annocunes-more-easing-measures.html

Posted by rikki > 2015-11-19 23:47 | Report Abuse

More ECB bond-buying just became a safer bet

The European Central Bank (ECB) considered adding more stimulus to its struggling economy at its last policy meeting and saw "potentially worrisome" downward revisions in consumer price growth.

According to the minutes of the meeting, released Thursday, the risk of growth-sapping deflation has increased since the ECB's projections in September and the central bank is anticipating that the inflation rate will take longer to move back to its 2 percent target.

"The impact of external factors and heightened uncertainty raised the possibility that the ECB's measures, despite their magnitude, might not be gaining sufficient traction in the present environment to achieve their ultimate objective in terms of inflation rates," the minutes stated.

"It was argued that, in such an environment, the risk of deflation remained relevant. Against this background, the view was put forward that a case could be made for considering reinforcing the ECB's accommodative monetary policy stance already at the current meeting and, in any case, to act sooner rather than later."

http://www.cnbc.com/2015/11/19/more-ecb-bond-buying-just-became-a-safer-bet.html

Posted by YS Babe > 2015-11-19 23:48 | Report Abuse

aku lebih suka biskut buatan shoon fatt, makan tengok tv BEST!!

hehehe

KUTNAIK AND KUTPAI

Posted by Mark T Bird > 2015-11-19 23:50 | Report Abuse

Goodnight my little friend :)

Posted by rikki > 2015-11-19 23:52 | Report Abuse

World markets received positively when FED has firm decision of hike
Posted in Uncategorized on 19/11/2015 by J&J 35

World markets are receiving FED minutes well for near rate hike with gradual increase later on.

RM advanced slightly in the morning.  We believe if the rate hike finally become reality in December.  USD will have less speculation momentum and correct from this level.

Posted by rikki > 2015-11-20 08:50 | Report Abuse

Instacom shares surge after CIMB IB Research report

PETALING JAYA: CIMB Investment Bank Research has initiated coverage on Instacom Group Bhd with an "add" rating and target price of 72 sen, noting that the company will morph into a potential giant construction company with the asset injection of Neata group.

Following the report on Wednesday, Instacom emerged as the most actively traded stock yesterday, and its share price soared 20.7% to its day high of 32 sen at one point. It settled at 31.5 sen, up 5 sen or 18.9%, with 372.5 million shares done.

Following the rise in price and volume of its shares, Bursa Malaysia Securities Bhd slapped Instacom with an unusual market activity (UMA) yesterday.

In its reply, Instacom said it was not aware of any corporate development, rumour, report or any other possible explanation for the rise in its share price and its trading volume save for contracts secured by its subsidiaries totalling RM259.28 million for construction works for the second package for the 1Gateway mixed commercial development in Klang and for the second package for the Pavilion Hilltop condominium project in Mont Kiara as well as to supply tower structures on 30 hub sites across Perak.

Instacom Group, to be renamed Vivocom Intl Holdings Bhd, is an ACE Market-listed builder of telecommunication towers and other related civil works for tower sites, primarily in Sabah and Sarawak.

However, with the asset injection and acquisition of Neata Aluminium in 2015, Instacom has been transformed from a telco tower builder into a potential giant construction company, with an outstanding construction order book of RM2.0 billion as at end-September 2015.

"We initiate coverage with an add rating and SOP-based target price of 72 sen. We value the construction business at 9x FY17 price-to-earnings ratio (P/E), a premium to the small-cap peer contractors P/E of 7-8x.

"We believe that Vivocom has massive P/E re-rating potential given the large valuation gap with its construction peers and zero analyst coverage.

"It is trading at FY17 fully-diluted P/E of 3.0x, 80% discount to the sector FY17 P/E of 14.5x which is unjustified given 456% FY15-17 earnings per share (EPS) compounded annual growth rate. On a Price-to-Book Value (P/BV) basis, the stock is also very cheap, trading at 0.9x FY17 P/BV versus FY17 return of equity of 48%," it said.

The research house believes that the premium is justified as Vivocom is the in-house contractor for global Chinese construction giant, China Railway Construction Corp Ltd (CRCC), in Malaysia and Southeast Asia – thus elevating its status as an emerging construction giant.

While Malaysian contractors typically earn pre-tax margins of 8-9%, CIMB IB Research noted that Vivocom earns 12-13% margins given its business model of primarily engaging in negotiated tenders. "Being CRCC's in-house contractor enables this," it said.

By FY17, it forecast Vivocom's revenue profile to completely transform from a telco tower-based company to a construction company, where construction will contribute 95% of group revenue and 97% of gross profit.
"We consider the telco business to be non-core and we believe that it could be divested in the future," it said.

CIMB IB Research said Vivocom is likely to apply for an upgrade to the Main Market of Bursa Malaysia in 2016, which will help improve its investor profile and investibility.

It pointed out that group CEO Dr Yeoh Seong Mok is the key enabler behind Vivocom's strong relationship with CRCC, having been the latter's Project Delivery Partner and project management consultant for almost RM40 billion worth of projects, via his private consulting company, WY Consultancy & Development Services Sdn Bhd.

CIMB IB Research tipped Vivocom to be a direct beneficiary of the Penang Transport Master Plan. "We believe that investors need look no further than Vivocom. CRCC is the engineering procurement and construction contractor and design consultant while WY Consulting is the project management consultant.

"Management is very confident of securing subcontract jobs for this mega project given CRCC's and WY Consulting's direct involvement in the project," it added.

http://www.thesundaily.my/news/1616102

Posted by rikki > 2015-11-20 13:18 | Report Abuse

Technical Stocks To Watch on 20/11/2015 – GDEX (0078), EDUSPEC (0107), VS (6963), PRLEXUS (8966) & N2N (0108)

http://fatta888.blogspot.my/

Posted by YS Babe > 2015-11-20 15:40 | Report Abuse

mark, awak ada beli instaco?

Posted by Mark T Bird > 2015-11-20 18:08 | Report Abuse

No.

Posted by YS Babe > 2015-11-20 19:03 | Report Abuse

aku beli sikit, tapi aku nengok orang dok buang banyak, sekali pandang macam hibiscus lak

Posted by rikki > 2015-11-20 19:35 | Report Abuse

Evergreen Fibreboard's 3Q net profit almost triples on forex gain

KUALA LUMPUR (Nov 20): Evergreen Fibreboard Bhd ( Valuation: 0.30, Fundamental: 1.00)'s net profit almost tripled to RM27.59 million or 5.38 sen a share for the third quarter ended Sept 30, 2015 (3QFY15) from RM10.08 million or 1.96 sen a share a year ago, as it gained from a strengthened US dollar.

The group recorded a foreign exchange gain of RM8.02 million in the latest quarter, compared to RM1.55 million in the previous corresponding quarter.

In a filing to Bursa Malaysia, the manufacturer of medium density fibreboard (MDF) said that its net profit increase was also contributed by the lower cost of glue, higher operational efficiency as well as synergistic cost savings.

Its revenue for the quarter rose 9.2% to RM256.04 million from RM234.49 million in 3QFY14, mainly from higher selling price as a result of the stronger US dollar.

Net profit for the nine-month period (9MFY15) came in at RM71.53 million, as compared to a net loss of RM14.2 million a year ago, while revenue increased 8.5% to RM748.13 million from RM689.82 million in 9MFY14.

Evergreen said the increase in its cumulative period's revenue was contributed by higher sales volume, as well as the impact of a stronger US dollar.

Moving forward, the group said steady global MDF demand and the strong US dollar — its exports are denominated in the greenback — are external factors that continuously enhance its performance.

"Coupled with the group's internal efforts on better products mix, cost control measures, maximising productivity and equipment enhancement via modernisation and automation on manufacturing processes, the board is optimistic [about] achieving better results in the next quarter," it said.

Shares in Evergreen closed three sen or 1.38% lower at RM2.14, with 3.51 million shares traded. Its share price gives it a market capitalisation of RM1.11 billion.

http://www.theedgemarkets.com/my/article/evergreen-fibreboards-3q-net-profit-almost-triples-forex-gain

Posted by rikki > 2015-11-20 19:36 | Report Abuse

Magni Tech

http://fatta888.blogspot.my/

Posted by rikki > 2015-11-20 20:12 | Report Abuse

Prestariang to be main implementer of Immmigration Dept's SKIN

PUTRAJAYA (Nov 20): Information and communications technology firm Prestariang Bhd ( Valuation: 0.50, Fundamental: 2.70) has been chosen as the main implementer of the Immigration Department's 'Sistem Kawalan Imigresen Nasional' (SKIN).

Prestariang chief executive officer Dr Abu Hassan Ismail inked the letter of agreement for the job with Immigration Department Director General Datuk Mustafa Ibrahim today in front of Home Affairs Ministry secretary-general Datuk Seri Alwi Ibrahim.

However, when pressed for more details, Abu Hasan Ismail declined to provide further information, pending further finalisation of the agreement with the Immigration, and announcement to Bursa Malaysia.

"The contract is status-quo for now as we have only secured the letter of agreement in principle. I cannot comment much on the contract value or any other financial details, pending further finalisation with the Immigration Department. Please wait for more details as we announce to Bursa Malaysia from today onwards," Abu Hasan toldThe Edge Financial Daily after the signing ceremony.

Alwi said the SKIN programme is part of the ministry's modernisation programme to improve efficiency in national security, particularly border control.

"One of the important elements in the SKIN programme is to support the prevention and combating of serious crimes, which the Malaysian government has signed with the United States government yesterday," said Alwi, who witnessed the signing ceremony on behalf of Deputy Prime Minister and Home Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Alwi added that the ministry expects the SKIN system to be fully operational by as early as next year.

"Once we finalise the technical aspects, then we expect the SKIN system to be integrated at airports and the country's entry points," he said to reporters.

At 3.58pm, Prestariang was trading one sen or 0.39% higher at RM2.60, for a market capitalisation of RM1.27 billion. Year to date, the counter has risen about 80.56%.

http://www.theedgemarkets.com/my/article/prestariang-be-main-implementer-immmigration-depts-skin

Posted by rikki > 2015-11-20 21:05 | Report Abuse

Ewein's 3Q profit jumps more than 20-fold

KUALA LUMPUR (Nov 20): Sheet metal manufacturer Ewein Bhd ( Valuation: 1.40, Fundamental: 0.95) reported that is profit for the third quarter ended Sept 30, 2015 (3QFY15) jumped more than 20-fold to RM8.42 million from RM389,000 in last year's corresponding quarter.

Revenue for 3QFY15 more than doubled to RM29.21 million from RM13.42 million.

In its Bursa Malaysia note, the group said its early adopting of MFRS 15: Revenue from contracts with customers has recognised revenue from its property development based on stage of completion method.

In July, it said Ewein Zenith Sdn Bhd began the development of a 50-acre wellness resort city in Penang known as Wellness City of Dreams, which is worth RM800 million and is expected to contribute RM200 million in pre-tax profit to the group starting 2016.

Ewein Bhd's land unit Ewein Land Sdn Bhd owns 60% of Ewein Zenith.

Profit for its cumulative nine-month period rose more than tenfold to RM9.62 million from RM759,000 last year while its cumulative revenue saw a 46.32% increase to RM49.47 million from RM33.81 million.

Moving forward, the group is optimistic that the manufacturing division will be positive and it is poised to further improve in view of the current weak currency environment for the remaining months of this year.

"The Board expects a significant contribution from its property development segment, which will be expected to drive the Group's performance positively in the future," said the announcement.

Ewein shares closed at RM1.01, up by one sen or 1% with 4,492,400 shares traded for a market capitalisation of RM210.9 million.

http://www.theedgemarkets.com/my/article/eweins-3q-profit-jumps-more-20-fold

Posted by rikki > 2015-11-20 21:08 | Report Abuse

Ikhmas Jaya secures RM161.12m construction job from MRCB

KUALA LUMPUR (Nov 20): Bore piling and bridging specialist Ikhmas Jaya Group Bhd ( Valuation: N/A, Fundamental: N/A) was just awarded a RM161.12 million contract by Malaysian Resources Corp Bhd (MRCB) ( Valuation: 1.40, Fundamental: 1.30) for a number of construction works for a proposed mixed development at Persiaran Barat, Section 52, Petaling Jaya, Selangor.

Ikhmas Jaya, which debuted on the Main Market of the local bourse on July 28, said its wholly-owned unit Ikhmas Jaya Sdn Bhd accepted a letter of award from MRCB's wholly-owned unit MRCB Builders Sdn Bhd, today.

The job entails the substructure works for Towers 2, 3, 5 and 6 of the mixed project's Phase 1A, Phase 1C and Phase 1F on Lot 12 of Persiaran Barat.

The job is for a period of 20 months and is expected to commence today and be completed by July 19, 2017.

While the project will not have any material effect on Ikhmas Jaya's earnings and net assets for the financial year ending Dec 31, 2015 (FY15), it "is expected to contribute positively to the earnings and net assets for FY16", the group noted.

In a separate filing, the group announced that its net profit for the third quarter ended Sept 30 (3QFY15) rose 6.35% to RM7.44 million from RM7 million in last year's corresponding quarter, mainly due to a higher contribution from an infrastructure project, as well as the finalisation of the railway electrification and double tracking project.

Quarterly revenue, however, shrank by 11.58% to RM63.52 million from RM71.84 million last year.

For its cumulative nine-month period, Ikhmas Jaya's profit rose 45% to RM22.88 million from last year's RM15.78 million, while revenue gained 2.89% to RM204.23 million from RM198.54 million; both top and bottom line improvements were primarily due to higher contributions from its infrastructure projects.

Moving forward, the group expects its performance for FY15 to improve on the back of the continued growth expected from the piling and foundation services market in Malaysia.

At market close, Ikhmas Jaya shares were unchanged at 69.5 sen, which gave it a market capitalisation of RM361.4 million. Its share price is now 21.93% higher than its initial issue price of 57 sen.

http://www.theedgemarkets.com/my/article/ikhmas-jaya-secures-rm16112m-construction-job-mrcb

Posted by rikki > 2015-11-20 21:10 | Report Abuse

Dovish Draghi ready to act 'quickly' to boost inflation

The European Central Bank (ECB) stands ready to act promptly and decisively if it decides that its current policy is failing to stimulate the sluggish euro zone economy, its president Mario Draghi told the region's bankers.

It was the second dovish speech in a week for Draghi, who continues to hint that a ramping-up of the ECB's trillion-euro asset purchase program could be announced in December.

http://www.cnbc.com/2015/11/20/dovish-draghi-ready-to-act-quickly-to-boost-inflation.html

Posted by rikki > 2015-11-21 09:37 | Report Abuse

Three sectors shine despite gloomy economy

IT is not all doom and gloom for some sectors on Bursa Malaysia that have to deal with the weak ringgit and sluggish economy.

Several sectors have shrugged off such concerns such as the glovemakers and semiconductor players. Another such sector on Bursa Malaysia that has been sailing through the current choppy period is the plastic and packaging makers.

Maybank IB Research says in a report that the manufacturing-based exports continue to record robust double-digit growth of 16.1% year-on-year despite external economic headwinds.

In the past, plastics and packaging companies had been under the investors’ radar because of low margins and subdued growth momentum.

But thanks to the weaker ringgit and lower oil prices, the sector has come back to life, especially for the small-to-mid cap stocks.

Counters in this sector have received a lot of attention this week with their share prices spiking to new highs, which in turn pushing up the sector’s price-earnings multiple.

Year-to-date, shares in companies such as Scientex Bhd, SLP Resources Bhd as well as Daibochi Plastic and Packaging Industry Bhd have soared 11.42%, 227% and 22.7% respectively. Since early October, these counters have seen their share prices rising, as much as 6% for Scientex and 17% for SLP and Daibochi.

Daibochi and SLP are both heavily involved in consumer-related packaging industry that demand higher valuation than the companies that are heavily engaged with industry-related packaging such as Scientex and Thong Guan Industries Bhd, analysts say.

Daibochi is trading at 21.7 times forward earnings, SLP at 19.67 times, Scientex 9.6 times and Daibochi 22.79 times.

“The consumer packaging sector has higher margins compared with the industry packaging business because they provide more value-added services such as printing,” an analyst says.

http://www.thestar.com.my/Business/Business-News/2015/11/21/Three-sectors-shine-despite-gloomy-economy/?style=biz

Posted by rikki > 2015-11-21 09:41 | Report Abuse

Potential for Halex to stage strong rebound

HALEX Holdings Bhd plunged from a historical peak of RM1.03 on April 25 last year, all the way to an all-time low of 32 sen on Sept 8 amid persistent selling pressure.

Thereafter, in the wake of renewed bargain-hunting interest, this stock staged a rebound, pushing prices to as high as 71 sen in mid-September. The steep rally lasted only a week as it could not attract follow-through buying, thus forcing the bulls to abandon the recovery move.

Subsequently, it succumbed to pressure to retrace back to the 45-sen area and turned sideways on consolidation, lasting two months before prices bounced off again on fresh nibblings. Halex recovered to a high of 59.5 sen during intra-day session yesterday.

Based on the daily chart, the prevailing trend remained in correction mode, but this stock has the potential of coming out of the doldrums, with investors’ interest making a comeback and lifting prices above the uppermost 200-day simple moving average.

A breach of the descending line, resting at 66 sen, followed by a decisive penetration of the 71-sen barrier over the next several days, would signal a bullish turnaround.

Greater resistance is expected at the 79 sen-80 sen band, of which another positive breakthrough would clear the way for the bulls to re-test the all-time peak of RM1.03 or to explore uncharted territory.

Elsewhere, the daily slow-stochastic momentum index was on the rise after triggering a short-term buy near the neutral area a week ago.

Similarly, the 14-day relative strength index climbed from a reading of 41 on Nov 11 to settle at the 86-point level yesterday.

In addition. the daily moving average convergence/divergence histogram expanded sharply against the daily signal line to stay bullish. It had issued a buy in mid-week.

Technically, indicators are painting an encouraging pictogram, implying Halex shares can advance in the short term, with the prospects of carving out a new leg of uptrend.

On the downside, the immediate support is anticipated at the 54-sen floor and important support is at the 45-sen mark. – K.M. Lee

Posted by rikki > 2015-11-21 09:46 | Report Abuse

Making money from wood

Furniture stocks have been on the rise. Growing rapidly in their share price, the makers of furniture have been riding a crest of optimism from the weaker ringgit. As a beneficiary of the stronger US dollar against the ringgit, furniture makers have seen a boom in their business.

According to statistics, furniture makers are exporting loads of their products overseas, especially to the US. The financial of a number of furniture stocks too have improved and the improving economy in the US is helping the prospects of furniture stocks on Bursa Malaysia.

The gains seen in recent months have been huge. Exports of furniture and parts have been in double digits over the past three months.

Helping exports has been the improvement in the US economy, which has expanded steadily and that has allowed furniture exporters to sell more goods abroad.

It is just not the furniture makers that have benefited. Timber stocks too have improved in their price as companies such as Evergreen Fibreboard Bhd has seen a jump in not only its share price but also its financial performance.

The question that remains is just how long will this last? For the industry that has experienced patchy times, they will be taking in the boom times in their stride.

http://www.thestar.com.my/Business/Business-News/2015/11/21/Making-money-from-wood/?style=biz

Posted by rikki > 2015-11-21 09:50 | Report Abuse

Short Position 

Instantly transformed?

Instacom Group Bhd got a pretty big dose of endorsement last week. CIMB Research wrote a comprehensive 20-page report on the company detailing how the “sleepy telecommunications tower builder” will transform into a ”giant contractor” with the injection of the Neata group, which is involved in aluminium production and construction, into the company.

The market had taken a dim view when Instacom acquired a 35% stake in the Neata group in the beginning of the year, which together with related companies became subsidiaries of the company earlier this month. To reflect the change in focus, the company has proposed to change its name to Vivocom International Holdings Bhd, which is touted as the key to Instacom’s transformation because of its relationship with CRCC Malaysia Bhd.

Last week, the company bagged three construction jobs worth RM260mil from CRCC Malaysia Bhd. The research house says the oustanding order book of RM2bil could rise to RM5bil over the next one to two years because of Vivocom.

CRCC Malaysia is part of China Railway Construction Corp Ltd, Hong Kong-listed and China’s largest construction company.

There are several interesting points to note in Instacom’s transformation. Why does Neata need to be injected into Instacom? Considering the string of projects and the potential of Vivocom, why not opt for an initial public offering (IPO) where it can extract maximum value a few years down the road when it has the track record?

The report forecast that net profit and revenue for Instacom will jump substantially in the next two years. From a net profit of RM7.8mil expected this year (after accounting for two months worth of earnings from Neata) to almost RM240mil for the financial year ending Dec 31, 2017 (FY17).

Revenue will rise from RM195mil this year to RM3.23bil in FY17. With that kind of profit projections, Neata can easily lure pre-IPO investors if it needs capital in the short term. Even banks may be interested in financing.

The compounded annual growth rate two-year earnings per share is forecast at an “explosive” 456%. Gross profit margins are at 12% to 13% because of Instacom’s strategy of going for negotiated tenders versus open tenders that usually earn contractors 8% to 9%.

CIMB Research has initiated coverage on the stock with a 72 sen per share target price and an “add” recommendation.

Instacom shares were most active but the price remained unchanged at 31.5 sen yesterday. Whether Instacom lives up to its billing is left to be seen.

http://www.thestar.com.my/Business/Business-News/2015/11/21/Short-Position/?style=biz

Posted by duitKWSPkita > 2015-11-21 09:50 | Report Abuse

Thanks Rikki

Good morning rikki

Posted by rikki > 2015-11-21 09:53 | Report Abuse

Good morning abang duit, you are most welcome. Have a wonderful weekend.

Posted by rikki > 2015-11-22 09:17 | Report Abuse

Cypark secures 25-year waste management concession from govt

KUALA LUMPUR (Nov 20): Cypark Resources Bhd’s wholly owned unit Cypark Smart Technology Sdn Bhd (CST) has secured a 25-year solid waste management concession from the Malaysian government.

CST, it said, inked the concession agreement on Nov 9 with the Solid Waste and Public Cleansing Management Corpand the government of Malaysia; the government was represented by the Ministry of Housing and Local Government.

Cypark told Bursa Malaysia that the concession is on a build-operate-manage-and transfer concept, but did not specify its monetary value. It only said it expects the contract to contribute positively to its earnings and net assets for the financial years covered under the concession.

Under the agreement, which has been fully executed, CST is granted the rights to design, construct, maintain, operate and manage a solid waste modular advanced recovery and treatment systems, incorporating waste-to-energy systems (SMART WTE System) at Ladang Tanah Merah, Negeri Sembilan.

The SMART WTE System, it said, utilises 100% clean technology concepts and system to reproduce renewable source for the production of renewable energy.

The system consist of a waste receiving facility, a waste segregation facility, a waste recycling facility, a waste to energy plant, a fully anaerobic bioreactor system, and a sanitary landfill.

“Under the agreement, the government shall deliver contracted solid waste from designated scheme areas to CST for treatment and disposal at the Smart WTE system.

CST, it said, shall be entitled to an agreed fee as defined in the concession agreement. The quantum of the fee, however, was not specified.

“CST shall also be generating revenue from sales of electricity for converting the waste to clean renewable energy under the Sustainable Energy Development Authority Malaysia (SEDA) Act.

“CST has been successfully granted Feed-in Tariff (FiT) approval to supply 25MW renewable energy from waste to energy source by SEDA, pursuant to Section 7 of the Renewable Energy Act 2011,” it added.

Cypark is involved in integrated environmental engineering and provides technology. It also provides services such as landfill restoration, waste-water management and treatment, and integrated conception-to-maintenance cycle of a solar farm.

Its shares rose two sen or 1.07% to close at RM1.89 today, for a market capitalisation of RM470 million.

http://www.theedgemarkets.com/my/article/cypark-secures-25-year-waste-management-concession-govt

Posted by rikki > 2015-11-22 09:24 | Report Abuse

BURSA: Range-Bound Play Expected For Bursa
By Azizul Ahmad

KUALA LUMPUR -- Speculation over the US Federal Reserve’s rate hike, President Obama’s trip to Malaysia and Chinese New Year smallcap play are expected to dominate sentiment on Bursa Malaysia next week and lead to range bound play, says an analyst.

Affin Hwang Investment Bank Vice-President/ Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the local market is expected to trend sideways following an anticipated rate hike at the Federal Open Market Committee meeting on Dec 15-16. Nazri said sentiment should be well supported by the European Central Bank’s further policy easing, year-end small-cap play and the second landmark trip of US President Obama to formalise Malaysia-US economic collaboration.

“Overall, with investors banking on the launch of the Trans-Pacific Partnership Agreement (TPPA) and the return of small-cap risk appetite as well as hoping for a crude oil price recovery, the FBMKLCI could possibly trade sideways in the 1660-1680 band before looking to retest its psychological level of 1,700 in the near term,” he told Bernama.

Local sentiment should get a boost from the second historic visit by Obama which will focus on economic talks with the prime minister, said Nazri. “We expect stocks linked to the TPPA and ASEAN Economic Community to be in focus as President Obama forges deeper ties with the region,” he said.

Sector-wise, he said the bank foresees ample play on FBM Ace and FBM Fledgling with the approaching Chinese New Year rotation play such as Instaco, XOX, Rexit, SGB and Esceram.

“Strategy-wise, aggressive investors should go long on index futures while conservative traders should accumulate our Top 15 stocks in 2016 namely MYEG, Kossan, Harta, Top Glove, Evergreen, Petronas Dagangan, IHH, CMSB, Gtronic, Inari, QL, KPJ, Timecom, Hapseng and Westports,” he added.

Weekly turnover expanded to 12.94 billion units valued at RM9.85 billion from 8.79 billion units valued at RM7.99 billion last week. Main market volume rose to 7.42 billion units worth RM8.66 billion versus 5.40 billion units worth RM7.35 billion.

Posted by Tessa Joseph > 2015-11-23 10:01 | Report Abuse

Hi all. YS, instaco always like that, selling power more than buying power, very hard to naik, dunno la if cimb can do anything about that LOL

Posted by YS Babe > 2015-11-23 10:02 | Report Abuse

hoi lama tak nampak awak, cuti ke?

Posted by Tessa Joseph > 2015-11-23 10:03 | Report Abuse

Yup cuti and super busy

Posted by YS Babe > 2015-11-23 10:05 | Report Abuse

tu ler aku gi websites awak lama tak update, aku tengah bengang dengan instaco nie, baik aku pi jalan2, makan2 dulu

KUTPAI semua
hehehe

Posted by Mark T Bird > 2015-11-23 10:28 | Report Abuse

ESCERAM target main board hohoho
https://superawesomedeals.wordpress.com/whatif/

Posted by YS Babe > 2015-11-23 10:34 | Report Abuse

aku ada ler esceram, aritu aku jual sebab dah ada untung sikit, lepas tu aku nengok awak confident semacam aku beli balik, aku rasa memang boleh jalan sebab ceramic gloves, guna pulak kat hospital2 hehehe

Posted by Mark T Bird > 2015-11-23 17:05 | Report Abuse

2013 - INSTACO was RHB 11 new Jewels, now CIMB hohoho

Posted by Mark T Bird > 2015-11-23 21:31 | Report Abuse

Be cautious of small caps run on Bursa
BY YAP LENG KUEN

http://www.thestar.com.my/Business/Business-News/2015/11/23/Be-cautious-of-small-caps-run-on-Bursa/?style=biz

Posted by YS Babe > 2015-11-23 21:40 | Report Abuse

terima kasih mark

Posted by YS Babe > 2015-11-23 21:42 | Report Abuse

mark, awak masih kat dalam atau masih kat luar?

Posted by Tessa Joseph > 2015-11-23 21:51 | Report Abuse

he Zzzz oredi

Posted by YS Babe > 2015-11-23 21:53 | Report Abuse

dia ada beli Puncak?

Posted by Tessa Joseph > 2015-11-23 21:55 | Report Abuse

dunno, as 4 me, not interested in Puncak at all LOL

Posted by YS Babe > 2015-11-23 21:56 | Report Abuse

awak masih ada hibiscus?

Posted by Tessa Joseph > 2015-11-23 22:00 | Report Abuse

still ada, I bot 1.90 sebijik, I have 20 bijik, don't care that much, investment like that lor, sometimes you win, sometimes you lose...hmmm

aiyu I want to sleep, tomorrow ada meeting, good night YS.

Posted by YS Babe > 2015-11-23 22:02 | Report Abuse

selamat malam tessa, kiss kiss, nanti aku gi lawat websites awak hehehe

KUTPAI

Posted by Mark T Bird > 2015-11-23 22:18 | Report Abuse

Her husband in the oil and gas industry

Posted by rikki > 2015-11-24 08:04 | Report Abuse

Support Line

BINTAI Kinden Corp rebounded to a high of 35.5 sen during intra-day session, the best since August, amid renewed bargain hunting interest. Going forward, prices are likely to extend gains, with the stochastic and the 14-day relative strength index rising, and the moving average convergence/divergence histogram improving. Initial resistance is envisaged at the 40 sen-45 sen band, followed by the 50 sen mark. A major breakout of the 57 sen barrier would see the fate of this counter turning brighter. The immediate support is pegged at the 200-day simple moving average of 28 sen.

MENANG Corp shares hit a three-month high of 74.5 sen on follow-through buying momentum. Based on the daily chart, prices had penetrated the mid-term descending line in the previous session, implying that this recent correction phase has ended and the bulls are now ready to charge. A clear penetration of the 75.5 sen heavy barrier would add to optimism, enroute to the 93 sen-95 sen range. The next objective would be to challenge the previous massive rally peak of RM1.33, set on July 3, last year. Current support is resting at the 70 sen floor, followed closely by the 67 sen level.

MUDA Holdings rose to a seven-month high of RM1.90 amid continuous bargain hunting nibbling. Technically, the short-term indicators are painting a pretty encouraging signal, suggesting prices are poised to firm in the short-term. But they are expected to face significant resistance at the RM1.95 level, of which a decisive breakout would pave the way for the bulls to re-test the historical peak of RM2.48, set on Jan 6, 1994 or to explore the uncharted territory in the near-term. Initial support is seen at RM1.74 and solid floor is set at the 14-day simple moving average of RM1.57.

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

- The Star Biz