ridersenja
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ridersenja
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Stocks to watch: PPB, Pharmaniaga, Salcon, Keck Seng
Tags: Keck Seng | Pharmaniaga | PPB | Salcon
Written by Joseph Chin
Saturday, 06 March 2010 21:37
KUALA LUMPUR: The FBM KLCI is expected to test and cross the psychologically important 1,300 level this coming week, starting March 7, underpinned by the run-up on Wall Street and strong export data.
US stocks advanced and the tech-heavy Nasdaq rose to an 18-month closing high after reports showed fewer job losses and consumer sentiment perked up.
According to Reuters, the Dow Jones industrial average rose gained 1.17% to end at 10,566.20. The broader Standard & Poor's 500 Index added 1.40% to 1,138.70. The Nasdaq Composite Index rose 1.48% to 2,326.35. The Dow and the S&P 500 closed at their highest levels in six weeks.
At Bursa Malaysia, the rising trading volume and buying of index-linked stocks pushed the 30-stock FBM KLCI just a hair breath above the 1,300 level momentarily on Friday. Banks rose on expectations of higher margins after the central bank raised the overnight policy rate by 25 basis points to 2.25%.
Market capitalisation rose by RM10.35 billion to RM1,032.78 billion last Friday from RM1,022.38 billion the previous day.
On the economic front, the strong January export data showed Malaysia’s exports rose the most in 11 years as exports to China and Europe picked up.
At Bursa Malaysia, stocks to watch this week include PPB GROUP BHD [], PHARMANIAGA BHD [], SALCON BHD [] and Keck Seng (Malaysia) Bhd.
PPB Group Bhd expects to deliver "satisfactory" results this financial year despite selling off its sugar manufacturing business in Malaysia.
Sugar refining and cane PLANTATION [] business contributed 40% to the company’s total revenue and 63% to operating profits for the financial year ended Dec 31, 2009.
At the end of last year, PPB sold the sugar business to Felda Global Ventures Holdings Sdn Bhd for a total of RM1.29 billion realising net gains of RM757.59 million or about 64 sen per share from the transaction.
Pharmaniaga, responding to a Bursa Malaysia Securities query, stated its manufacturing licence was revoked following critical findings over the storage and segregation of rejected and quarantined material and products, and the handling of rejected and recalled materials and products.
The critical findings were also over certain aspects of its premises and equipment. It would present all corrective actions taken to date as well as a plan of action to address the remaining audit issues to the Pharmaceutical Services Division (PSD) of the Ministry of Health on March 8.
Meanwhile, Salcon displayed a strong set of earnings when its net profit nearly jumped 300% to RM22 million in FY09 when compared with RM8.8 million in FY08.
Salcon’s earnings improved due to higher contribution and wider profit margin in its CONSTRUCTION [] division. Besides operating water treatment plants, it constructs water and waste water-related infrastructure. For more, read The Edge Malaysia.
Low profile Keck Seng, whose core businesses include oil palm plantations and property development, could pay out more dividends. It had cash of RM332.6 million as at end-2009 while it is debt-free.
According to Edge Malaysia, it is Keck Seng also gad high unutilised tax credit of RM427.6 million to be franked as dividends before end-2013.
Keck Seng, with its cash pile, is seeking opportunities to acquire property and land
Tags: Keck Seng | Pharmaniaga | PPB | Salcon
Written by Joseph Chin
Saturday, 06 March 2010 21:37
KUALA LUMPUR: The FBM KLCI is expected to test and cross the psychologically important 1,300 level this coming week, starting March 7, underpinned by the run-up on Wall Street and strong export data.
US stocks advanced and the tech-heavy Nasdaq rose to an 18-month closing high after reports showed fewer job losses and consumer sentiment perked up.
According to Reuters, the Dow Jones industrial average rose gained 1.17% to end at 10,566.20. The broader Standard & Poor's 500 Index added 1.40% to 1,138.70. The Nasdaq Composite Index rose 1.48% to 2,326.35. The Dow and the S&P 500 closed at their highest levels in six weeks.
At Bursa Malaysia, the rising trading volume and buying of index-linked stocks pushed the 30-stock FBM KLCI just a hair breath above the 1,300 level momentarily on Friday. Banks rose on expectations of higher margins after the central bank raised the overnight policy rate by 25 basis points to 2.25%.
Market capitalisation rose by RM10.35 billion to RM1,032.78 billion last Friday from RM1,022.38 billion the previous day.
On the economic front, the strong January export data showed Malaysia’s exports rose the most in 11 years as exports to China and Europe picked up.
At Bursa Malaysia, stocks to watch this week include PPB GROUP BHD [], PHARMANIAGA BHD [], SALCON BHD [] and Keck Seng (Malaysia) Bhd.
PPB Group Bhd expects to deliver "satisfactory" results this financial year despite selling off its sugar manufacturing business in Malaysia.
Sugar refining and cane PLANTATION [] business contributed 40% to the company’s total revenue and 63% to operating profits for the financial year ended Dec 31, 2009.
At the end of last year, PPB sold the sugar business to Felda Global Ventures Holdings Sdn Bhd for a total of RM1.29 billion realising net gains of RM757.59 million or about 64 sen per share from the transaction.
Pharmaniaga, responding to a Bursa Malaysia Securities query, stated its manufacturing licence was revoked following critical findings over the storage and segregation of rejected and quarantined material and products, and the handling of rejected and recalled materials and products.
The critical findings were also over certain aspects of its premises and equipment. It would present all corrective actions taken to date as well as a plan of action to address the remaining audit issues to the Pharmaceutical Services Division (PSD) of the Ministry of Health on March 8.
Meanwhile, Salcon displayed a strong set of earnings when its net profit nearly jumped 300% to RM22 million in FY09 when compared with RM8.8 million in FY08.
Salcon’s earnings improved due to higher contribution and wider profit margin in its CONSTRUCTION [] division. Besides operating water treatment plants, it constructs water and waste water-related infrastructure. For more, read The Edge Malaysia.
Low profile Keck Seng, whose core businesses include oil palm plantations and property development, could pay out more dividends. It had cash of RM332.6 million as at end-2009 while it is debt-free.
According to Edge Malaysia, it is Keck Seng also gad high unutilised tax credit of RM427.6 million to be franked as dividends before end-2013.
Keck Seng, with its cash pile, is seeking opportunities to acquire property and land
ridersenja
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Update AEM gets UMA query
Tags: AE Multi | AE Multi Industries Sdn Bhd | Bursa Malaysia Securities | Dah Mah Corp Sdn Bhd | UMA
Written by The Edge Financial Daily
Tuesday, 09 March 2010 00:01
KUALA LUMPUR: AE MULTI HOLDINGS BHD [] on March 8 surged as much as 21.6% or 16 sen to an intra-day high of 90 sen, despite the lack of material announcements, prompting an unusual market activity (UMA) query from Bursa Malaysia Securities.
In its reply to Bursa Securities, AE Multi, which makes printed circuit boards and related products, said its board and major shareholders were not aware of any activities that may have contributed to the UMA.
It confirmed that it did not have any corporate development relating to the group’s business and affairs that had not been previously announced. It was not aware of any rumour or report, any other possible explanation, or any material information that required immediate disclosure, to account for the UMA.
The stock closed at 81 sen, up seven sen, with nearly 40 million shares done.
It hit a 52-week high of RM1.53 on Feb 2, 2010. The share price fell to a low of 50 sen on March 4. Volume was particularly heavy last Friday with over 50.2 million shares traded. AE Multi only recently completed its private placement of 8.4 million shares on Feb 24.
The company had terminated a memorandum of understanding with Dah Mah Corp Sdn Bhd, under which the latter was to purchase LCD assembled by AE Multi Industries Sdn Bhd for both the local and export markets.
For the financial year ended Dec 31, 2009 (FY09), AE Multi’s net loss narrowed to RM1.75 million from RM6.62 million in FY08, while revenue fell 13% to RM59.95 million from RM69.13 million.
Tags: AE Multi | AE Multi Industries Sdn Bhd | Bursa Malaysia Securities | Dah Mah Corp Sdn Bhd | UMA
Written by The Edge Financial Daily
Tuesday, 09 March 2010 00:01
KUALA LUMPUR: AE MULTI HOLDINGS BHD [] on March 8 surged as much as 21.6% or 16 sen to an intra-day high of 90 sen, despite the lack of material announcements, prompting an unusual market activity (UMA) query from Bursa Malaysia Securities.
In its reply to Bursa Securities, AE Multi, which makes printed circuit boards and related products, said its board and major shareholders were not aware of any activities that may have contributed to the UMA.
It confirmed that it did not have any corporate development relating to the group’s business and affairs that had not been previously announced. It was not aware of any rumour or report, any other possible explanation, or any material information that required immediate disclosure, to account for the UMA.
The stock closed at 81 sen, up seven sen, with nearly 40 million shares done.
It hit a 52-week high of RM1.53 on Feb 2, 2010. The share price fell to a low of 50 sen on March 4. Volume was particularly heavy last Friday with over 50.2 million shares traded. AE Multi only recently completed its private placement of 8.4 million shares on Feb 24.
The company had terminated a memorandum of understanding with Dah Mah Corp Sdn Bhd, under which the latter was to purchase LCD assembled by AE Multi Industries Sdn Bhd for both the local and export markets.
For the financial year ended Dec 31, 2009 (FY09), AE Multi’s net loss narrowed to RM1.75 million from RM6.62 million in FY08, while revenue fell 13% to RM59.95 million from RM69.13 million.
ridersenja
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Stocks to watch: Banks, CWs, MAS, plantations
Tags: Banks | CWs | MAS | Plantations
Written by Joseph Chin
Tuesday, 09 March 2010 07:48
KUALA LUMPUR: The overall market may take a breather on Tuesday, March 9 after Monday’s surge which drove the FBM KLCI to a two-year high after a lacklustre overnight close on Wall Street.
However, there could some momentum buying on bank stocks and selected index-linked stocks as investors view the market still has more upside.
On Wall Street, TECHNOLOGY [] shares pushed the Nasdaq higher on Monday on an otherwise flat day for U.S. stocks, led by BlackBerry maker Research in Motion and Cisco Systems, according to Reuters
The Dow Jones industrial average dropped 13.68 points, or 0.13%, to end at 10,552.52. The Standard & Poor's 500 Index shed just 0.20 of a point, or 0.02%, to 1,138.50. The Nasdaq Composite Index gained 5.86 points, or 0.25%, to 2,332.21, its highest close in 18 months.
Stocks to watch include banks, which fuelled the FBM KLCI to a two-year high, PLANTATION []s and the call warrants of JCY International Bhd, Malaysian Airline System (MAS), Supermax Corp Bhd and MULTI-PURPOSE HOLDINGS BHD [] (MPHB).
Meanwhile, several banks raised their lending rates by 25 basis points after Bank Negara upped the overnight policy rate by 25 basis points to 2.25%.
Local banks' earnings will benefit from higher net interest margin (NIM), given the 25-basis point (bp) rise in key interest rates, research houses said.
CIMB Group Holdings Bhd expects to register 12% loan growth in 2010, slightly higher than the 11% recorded last year.
CIMB Bank Bhd has issued 50 million European-style call warrants (CWs) each over the shares of JCY, MAS, Supermax and MPHB. The issue price for the JCY-CW is 15 sen, while for MAS-CW is is 18 sen, Supermax 17.5 sen and MPHB 17.5 sen.
MAS’s rights issue of 1.67 billion rights shares at RM1.60 each was oversubscribed by 7.67%. Total valid acceptances and excess applications received were 1.799 billion rights shares amounting to RM2.878 billion at the close of acceptances last Wednesday.
Among plantations, Kuala Lumpur Kepong is expecting a sharp increase in its earnings following the higher crude palm oil prices. For the second quarter, KLK is looking at CPO to trade between RM2,400 and RM2,500 per tonne.
YTL Corp Bhd is proposing to acquire Japan-based skiing resort Niseko Village KK, fully settle certain debts owing by the latter and acquire certain PROPERTIES [] for a total of RM223 million.
PANTECH GROUP HOLDINGS BHD [] is strengthening its presence in the oil-rich Gulf region by establishing a 15 million riyal (RM13.37 million) plant in Dammam, Saudi Arabia, to produce carbon steel fittings.
Tags: Banks | CWs | MAS | Plantations
Written by Joseph Chin
Tuesday, 09 March 2010 07:48
KUALA LUMPUR: The overall market may take a breather on Tuesday, March 9 after Monday’s surge which drove the FBM KLCI to a two-year high after a lacklustre overnight close on Wall Street.
However, there could some momentum buying on bank stocks and selected index-linked stocks as investors view the market still has more upside.
On Wall Street, TECHNOLOGY [] shares pushed the Nasdaq higher on Monday on an otherwise flat day for U.S. stocks, led by BlackBerry maker Research in Motion and Cisco Systems, according to Reuters
The Dow Jones industrial average dropped 13.68 points, or 0.13%, to end at 10,552.52. The Standard & Poor's 500 Index shed just 0.20 of a point, or 0.02%, to 1,138.50. The Nasdaq Composite Index gained 5.86 points, or 0.25%, to 2,332.21, its highest close in 18 months.
Stocks to watch include banks, which fuelled the FBM KLCI to a two-year high, PLANTATION []s and the call warrants of JCY International Bhd, Malaysian Airline System (MAS), Supermax Corp Bhd and MULTI-PURPOSE HOLDINGS BHD [] (MPHB).
Meanwhile, several banks raised their lending rates by 25 basis points after Bank Negara upped the overnight policy rate by 25 basis points to 2.25%.
Local banks' earnings will benefit from higher net interest margin (NIM), given the 25-basis point (bp) rise in key interest rates, research houses said.
CIMB Group Holdings Bhd expects to register 12% loan growth in 2010, slightly higher than the 11% recorded last year.
CIMB Bank Bhd has issued 50 million European-style call warrants (CWs) each over the shares of JCY, MAS, Supermax and MPHB. The issue price for the JCY-CW is 15 sen, while for MAS-CW is is 18 sen, Supermax 17.5 sen and MPHB 17.5 sen.
MAS’s rights issue of 1.67 billion rights shares at RM1.60 each was oversubscribed by 7.67%. Total valid acceptances and excess applications received were 1.799 billion rights shares amounting to RM2.878 billion at the close of acceptances last Wednesday.
Among plantations, Kuala Lumpur Kepong is expecting a sharp increase in its earnings following the higher crude palm oil prices. For the second quarter, KLK is looking at CPO to trade between RM2,400 and RM2,500 per tonne.
YTL Corp Bhd is proposing to acquire Japan-based skiing resort Niseko Village KK, fully settle certain debts owing by the latter and acquire certain PROPERTIES [] for a total of RM223 million.
PANTECH GROUP HOLDINGS BHD [] is strengthening its presence in the oil-rich Gulf region by establishing a 15 million riyal (RM13.37 million) plant in Dammam, Saudi Arabia, to produce carbon steel fittings.
hianlc
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saham mana boleh beli sekarang?
mizemall.com
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hari Khamis aku beli Time 0.39 hari ni jual 0.415 ..... tak banyak lah sbb modal kecik je.... tp kira ok gak tgh sesak tunggu gaji masuk ni.... esok kaunter apa yg patut diperhatikan ye?
mizemall.com
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hari ni saham ape patut diperhatikan???
my3a
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duduk tepi dulu. tunggu bulan 4
mizemall.com
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ridersenja
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Stocks to watch: Titan, Iris, KNM, Green Packet and Redtone
Tags: Green Packet and Redtone | Iris | KNM | Titan
Written by Ellina Badri
Tuesday, 23 March 2010 07:55
KUALA LUMPUR: Key regional markets may get a lift on Tuesday, March 23 following the firmer overnight close on Wall Street after a dismal day on Monday where sentiment was impacted by monetary tightening across the region and Greece’s persistent debt woes.
On Wall Street, equities rose as passage of landmark legislation to overhaul healthcare drove up pharmaceutical stocks, including those in Europe.
The Dow Jones industrial average climbed 43.91 points, or 0.41 percent, to 10,785.89. The Standard & Poor's 500 Index rose 5.91 points, or 0.51 percent, to 1,165.81 and the Nasdaq Composite Index rose 20.99 points, or 0.88 percent, to 2,395.40.
At Bursa Malaysia, stocks to watch include Titan Chemicals Corp Bhd, Iris Corp Bhd, KNM GROUP BHD [] and WiMAX players GREEN PACKET BHD [] and REDTONE INTERNATIONAL BHD []. Also in focus could be Lion Industries Corp Bhd, Jerneh and UEM Land Bhd.
Titan Chemicals Corp Bhd has recommended a final tax exempt dividend of 4.5 sen a share, amounting to RM77.75 million for the financial year ended Dec 31, 2009, after its bankers agreed to amend certain terms of a banking facility totalling US$332.5 million, including the restriction of dividend payments for the years 2009 and 2010.
Iris will invest RM36.8 million in PJT TECHNOLOGY [] Co., Ltd for a waste incineration plant in Phuket, Thailand. This is a new venture for Iris which expects this to provide alternative revenue. However, there were no details about the returns on investment.
KNM Group Bhd is not extending the exclusivity period for due diligence granted earlier to BlueFire Capital Group Ltd, a company controlled by KNM group managing director Lee Swee Eng.
BlueFire, together with GS Capital Partners VI Fund LP and Mettiz Capital Ltd had proposed to take over KNM for RM3.5 billion. However, they target to conclude talks by April 16, 2010.
Green Packet Bhd will have 75% of the Taiwanese WiMAX market through its partnership with Global Mobile Corp to provide its Intouch Connection Management solution. The solution system would enable Global Mobile to unify its existing dongles, making it easier for the introduction of future models while supporting better ARPU.
Redtone International Bhd’s subsidiary Redtone Technology Sdn Bhd is in talks with a third party to explore its parent’s intention to acquire a company listed in the over-the-counter bulletin board in the US via the injection of Redtone’s China operations.
UEM LAND HOLDINGS BHD [] priced its one-for-two rights issue shares at 80 sen per rights share, in an exercise involving the issuance of 1.21 billion rights shares that would raise gross proceeds of RM971.3 million. The rights shares would go ex on April 1, before trading from April 6 to 13 and listing on April 29.
BERJAYA LAND BHD [] net loss rose to RM8.57 million in 3Q10, up from net loss of RM356,000 a year earlier. The poorer performance was due to lower contributions from its numbers forecasting operations and hotels and resorts division.
PN17 company TALAM CORPORATION BHD [] has agreed to sell off two pieces of land to healthcare education provider Malaysian Allied Health Sciences Academy Sdn Bhd (MAHSA) for RM35.41 million through its subsidiary Galian Juta Sdn Bhd. It said in an announcement to Bursa that the sale proceeds of RM705,672 would be used to reduce its bank borrowings and interest costs.
Tan Sri William Cheng acquired 33.5 million shares of Lion Industries Corp Bhd at the exercise price of RM1.29 per share from Megasteel Sdn Bhd.
Lion Industries said on Monday, March 22 the acquisition of the shares was the remaining stake he was to acquire from Megasteel under a put option of 51 million shares.
ISS CONSULTING SOLUTIONS BHD [], which is in the midst of a reverse takeover for FORMIS RESOURCES BHD [], yesterday announced the resignation of three executive directors, including the group’s co-founder Christina Ingeburg Orth.
Shares of JERNEH ASIA BHD [] rallied to its highest since 2000 in afternoon trade on Monday, in the absence of fresh news except its statement in December over the proposed sale of its stake in its insurance subsidiary
Tags: Green Packet and Redtone | Iris | KNM | Titan
Written by Ellina Badri
Tuesday, 23 March 2010 07:55
KUALA LUMPUR: Key regional markets may get a lift on Tuesday, March 23 following the firmer overnight close on Wall Street after a dismal day on Monday where sentiment was impacted by monetary tightening across the region and Greece’s persistent debt woes.
On Wall Street, equities rose as passage of landmark legislation to overhaul healthcare drove up pharmaceutical stocks, including those in Europe.
The Dow Jones industrial average climbed 43.91 points, or 0.41 percent, to 10,785.89. The Standard & Poor's 500 Index rose 5.91 points, or 0.51 percent, to 1,165.81 and the Nasdaq Composite Index rose 20.99 points, or 0.88 percent, to 2,395.40.
At Bursa Malaysia, stocks to watch include Titan Chemicals Corp Bhd, Iris Corp Bhd, KNM GROUP BHD [] and WiMAX players GREEN PACKET BHD [] and REDTONE INTERNATIONAL BHD []. Also in focus could be Lion Industries Corp Bhd, Jerneh and UEM Land Bhd.
Titan Chemicals Corp Bhd has recommended a final tax exempt dividend of 4.5 sen a share, amounting to RM77.75 million for the financial year ended Dec 31, 2009, after its bankers agreed to amend certain terms of a banking facility totalling US$332.5 million, including the restriction of dividend payments for the years 2009 and 2010.
Iris will invest RM36.8 million in PJT TECHNOLOGY [] Co., Ltd for a waste incineration plant in Phuket, Thailand. This is a new venture for Iris which expects this to provide alternative revenue. However, there were no details about the returns on investment.
KNM Group Bhd is not extending the exclusivity period for due diligence granted earlier to BlueFire Capital Group Ltd, a company controlled by KNM group managing director Lee Swee Eng.
BlueFire, together with GS Capital Partners VI Fund LP and Mettiz Capital Ltd had proposed to take over KNM for RM3.5 billion. However, they target to conclude talks by April 16, 2010.
Green Packet Bhd will have 75% of the Taiwanese WiMAX market through its partnership with Global Mobile Corp to provide its Intouch Connection Management solution. The solution system would enable Global Mobile to unify its existing dongles, making it easier for the introduction of future models while supporting better ARPU.
Redtone International Bhd’s subsidiary Redtone Technology Sdn Bhd is in talks with a third party to explore its parent’s intention to acquire a company listed in the over-the-counter bulletin board in the US via the injection of Redtone’s China operations.
UEM LAND HOLDINGS BHD [] priced its one-for-two rights issue shares at 80 sen per rights share, in an exercise involving the issuance of 1.21 billion rights shares that would raise gross proceeds of RM971.3 million. The rights shares would go ex on April 1, before trading from April 6 to 13 and listing on April 29.
BERJAYA LAND BHD [] net loss rose to RM8.57 million in 3Q10, up from net loss of RM356,000 a year earlier. The poorer performance was due to lower contributions from its numbers forecasting operations and hotels and resorts division.
PN17 company TALAM CORPORATION BHD [] has agreed to sell off two pieces of land to healthcare education provider Malaysian Allied Health Sciences Academy Sdn Bhd (MAHSA) for RM35.41 million through its subsidiary Galian Juta Sdn Bhd. It said in an announcement to Bursa that the sale proceeds of RM705,672 would be used to reduce its bank borrowings and interest costs.
Tan Sri William Cheng acquired 33.5 million shares of Lion Industries Corp Bhd at the exercise price of RM1.29 per share from Megasteel Sdn Bhd.
Lion Industries said on Monday, March 22 the acquisition of the shares was the remaining stake he was to acquire from Megasteel under a put option of 51 million shares.
ISS CONSULTING SOLUTIONS BHD [], which is in the midst of a reverse takeover for FORMIS RESOURCES BHD [], yesterday announced the resignation of three executive directors, including the group’s co-founder Christina Ingeburg Orth.
Shares of JERNEH ASIA BHD [] rallied to its highest since 2000 in afternoon trade on Monday, in the absence of fresh news except its statement in December over the proposed sale of its stake in its insurance subsidiary
