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11
Equities / Re: Spot KLCI Index
« Last post by king on Today at 11:03:44 AM »



LATEST NEWS, CORPORATE
TOP STORIES
Companies in the news
Cahya Mata, KNM, Kim Hin, Perisai, Ibraco, Vitrox, Karex and Power Root
By Ahmad Naqib Idris / theedgemarkets.com   | February 25, 2017 : 1:03 AM MYT   
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KUALA LUMPUR (Feb 24): Based on corporate announcements and newsflow today, stocks in focus on Monday (Feb 27) could include: Cahya Mata Sarawak Bhd, KNM Group Bhd, Kim Hin Industry Bhd, Perisai Petroleum Teknologi Bhd, Ibraco Bhd, Vitrox Corp Bhd, Karex Bhd and Power Root Bhd.

A land sale gain of RM25 million gave Cahya Mata Sarawak Bhd's (CMS) net profit a boost in its fourth quarter ended Dec 31, 2016 (4QFY16), compared with the same period a year earlier.

Net profit came in 20% higher at RM101.5 million, versus RM84.6 million in 4QFY15, although revenue shrank 11% to RM450.3 million, from RM508.3 million, its stock exchange filing today showed.

It proposed a final single-tier dividend of 6.3 sen for FY16, which will be paid on a date to be announced later.

Full year (FY16) net profit fell 32% year-on-year to RM169.2 million, from RM248.1 million while revenue shed 13% y-o-y to RM1.5 billion, from RM1.8 billion.

KNM Group Bhd slipped into the red in its fourth quarter ended Dec 31, 2016 (4QFY16), posting a net loss of RM330.38 million or 15.49 sen loss per share against a net profit of RM6.01 million or 0.32 sen per share a year ago, mainly due to losses in its Canada and Kuantan operations, foreign exchange losses and unforeseen logistic costs.

Quarterly revenue fell 10% to RM411.07 million in 4QFY16 from RM457.43 million in 4QFY15.

The weak fourth-quarter results dragged KNM's financial reports for the full-year (FY16) down; it posted a net loss of RM311.68 million or 14.61 sen loss per share — its first annual loss since FY11 — against a net profit of RM49.53 million or 2.65 sen per share in FY15. Revenue came in slightly higher at RM1.65 billion from RM1.64 billion in the previous year.

Kim Hin Industry Bhd's net profit for the fourth quarter ended Dec 31, 2016 (4QFY16) leapt 250% to RM13.09 million, from RM3.74 million a year earlier, on increased revenue.

Revenue improved by 21.5% to RM118.75 million from RM97.74 million, thanks to contributions from the group's Australian subsidiary, Outset Holdings Pty Ltd, which it acquired on Sept 1, 2016.

For the full FY16, Kim Hin's net profit declined 11.9% to RM30.28 million from RM34.36 million in FY15.

Outset Holdings's performance also lifted the group's FY16 revenue by 9.8% to RM403.39 million from RM367.44 million in FY15.

Perisai Petroleum Teknologi Bhd posted a net profit of RM10.25 million in the fourth quarter ended Dec 31, 2016 (4QFY16), from a net loss of RM724.58 million a year ago, mainly due to lower impairment losses.

A filing with Bursa Malaysia showed that the Practice Note 17 (PN17) company's revenue declined 30.73% to RM38.27 million from RM55.25 million.

Perisai, an upstream services provider of oil and gas vessels and facilities, said this was mainly due to lower charter rate in the quarter after completion of the farm-out contract to Hess Exploration and Production Malaysia B.V. on Aug 6, 2016.

For the full year (FY16), Perisai's net loss narrowed to RM289.78 million, compared with its previous year's net loss of RM706.32 million.

This was despite a 13.8% fall in revenue. Its FY16 revenue stood at RM185.15 million, down from RM214.78 million in FY15.

Sarawak-based property developer Ibraco Bhd's net profit in the fourth quarter ended Dec 31, 2016 (4QFY16) dropped 80% to RM3.27 million, from RM16.56 million a year earlier.

Revenue was down 68% at RM26.65 million from RM83.95 million a year ago.

For its full year, Ibraco's net profit fell 41% to RM27.07 million from RM45.96 million a year ago. Revenue declined 37% to RM158.77 million from RM254.04 million a year ago.

In a filing with Bursa Malaysia today, the group said changes in product mix, sales and completion status of its properties had an impact on its earnings. It said its earnings were also impacted by any movement in raw material and labour costs.

However, demand for its properties has been satisfactory to date, it said.

Vitrox Corp Bhd saw its net profit in the fourth quarter for the financial year ended Dec 31, 2016 (4QFY16) swell by 104.6% to RM19.06 million from RM9.32 million a year ago mainly on higher revenue during the period under review.

Revenue in 4QFY16 rose 32.6% to RM63.71 million from RM48.06 million in 4QFY15, on increased revenue from its product, the Automated Board Inspection (ABI), which increased by 51% y-o-y.

“The increase was mainly due to higher demand from a wider customer base,” the group said in its filing with Bursa Malaysia.

Net profit for full year FY16 stood at RM64.95 million, up 46.6% from RM44.32 million a year earlier, whereas FY16 revenue rose 46% to RM234.03 million against FY15 revenue of RM160.29 million.

Karex Bhd’s net profit fell 56% to RM10 million in the second quarter ended Dec 31, 2016 (2QFY17), from RM22.6 million a year ago, mainly due to higher distribution and marketing expenses, as well as one-off expenses.

One-off expenses included expenses related to a corporate exercise, and trademark and registration.

Revenue however, saw a marginal 1% rise year-on-year to RM97.6 million in 2QFY17, from RM96.6 million, said the condom maker in a filing with Bursa Malaysia.

For the cumulative six months (6MFY17), net profit dropped 60% y-o-y to RM18.1 million from RM44.9 million a year ago, though revenue grew 3% to RM177.6 million, versus RM172.7 million in 6MFY16.

Herbal energy drinks manufacturer Power Root Bhd’s net profit for the third quarter ended Dec 31, 2016 (3QFY17) rose by 43.8% to RM12.53 million, from RM8.71 million a year ago, mainly due to improved sales.

In its filing with Bursa Malaysia, Power Root said revenue in 3QFY17 climbed 20.3% to RM103.32 million from RM85.87 million in 3QFY16, on higher overseas sales.

The group has proposed a third interim single tier dividend of 2.5 sen per ordinary share for the financial year ending March 31, 2017 (FY17).

For the cumulative nine months of FY17 (9MFY17), the group posted a net profit of RM34.17 million, down 9% from RM37.54 million a year ago (9MFY16).

Revenue in 9MFY17, meanwhile, increased by 10.4% to RM307.71 million from RM278.78 million.
12
Equities / Re: RIP to KNM!!!
« Last post by murano on Today at 10:29:33 AM »
http://www.thestar.com.my/business/business-news/2017/02/24/petronas-saudi-aramco-to-ink-deal-during-saudi-king-visit/
13
Equities / Re: RIP to KNM!!!
« Last post by murano on Today at 10:23:19 AM »
http:www//klse.**********.com/#/stk/annqtyres/7164.jsp
14
Equities / Re: RIP to KNM!!!
« Last post by murano on Today at 10:22:11 AM »
http://klse.**********.com/#/stk/annqtyres/7164.jsp
15
Equities / Re: LUSTER-WA shinning star(5068-wa)
« Last post by yifei on Today at 09:09:51 AM »
Report will announce next week. :) :) :)
hope will get profit :D :D :D :thumbsup: :thumbsup: :thumbsup: :cash: :cash: :cash:
16
Equities / Re: MY OPINION ON MALAYSIA'S GENERAL MARKET DIRECTION
« Last post by king on Today at 07:43:00 AM »


[imghttps://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQhqryp9JRVwEwqjNJyBzxf3lcZ2LPND86 IslHBC8Jqd27-wRdv]http://[/img]




YOUR VIEW,
FR BEAR TO BULL NOW ??

 :clap: :clap: :clap: :clap: :clap: 
17
Global Markets / Re: CHINA
« Last post by king on Today at 07:40:01 AM »



东方文荟  2017年02月25日 | 作者:林金树 | 专栏:观念平台
金正恩协助美国围堵中国

朝鲜最高领袖金正恩同父异母哥哥金正男在吉隆坡遇害,一些媒体报导中,指幕后主使人几乎肯定是金正恩本人。因为他要把可能对其地位造成任何威胁的潜在政治对手进行「人身消灭」,才能感觉到政权稳固。

这 场高明的谋杀案,既反映出朝鲜特务机构的无孔不入和超强的应变能力,也反映出朝鲜这位娃娃领导人的冷酷无情,对亲人下毒手更是绝不手软。他在2013年突 然下令处决他的姑丈、朝鲜原第二號人物张承泽。据说过后因受株连而被处死的人超过1万人。他的家族成员据称有大约140人遇害。

美国志在中国

朝鲜是全世界独一无二的共產党世袭王朝,从1948年迄今延续了三代接近70年。三代领导人分別是金日成、金正日和金正恩。金正恩在父亲于2011年去世后「继位」,他当时还不到30岁。


这位年轻的暴君掌握了核子武器以及用来发射核子武器的飞弹,而且时不时向全世界挑战,试炸核子武器和试射飞弹,危害东北亚以及世界和平。

他虽然年纪轻轻,却颇有心机,懂得充分利用朝鲜的地缘政治优势。他声称,搞核子武器是要对抗美国,作为迫使美国从韩国撤军的压力。但这是表面的理由,因为朝鲜的核子武器及其运载火箭根本射不到美国本土,那里会对美国构成威胁?他是利用其核子武器来讹诈中国。

他 的做法的客观效果,是协助美国在军事上围堵中国,因为美国歷任总统都在军事上部署围堵中国,以不让中国海、空军衝破第一岛链为目的。因此美国在日本和韩国 广设军事基地,部署大军,以及部署军舰、军机和各种新式武器和飞弹,说是要应付朝鲜的核子武器威胁,其实是「项庄舞剑,意在沛公」,真正目的是针对中国。

屡受朝鲜拖累

例如,美国已经在日本部署覆盖面很大的「萨德」防导弹系统。最近,美国强迫韩国部署萨德系统,其侦查范围可以把部署在北京的中国军事设施包括在內。中国对此提出反对,使到中、韩关係恶化。不过,如果特朗普延续奥巴马的政策的话,美国在韩国境內部署萨德系统將势在必行。

从 歷史上观察,中国有朝鲜这个近邻是大不幸,因为为了维护朝鲜,为中国本身带来重大灾难。远的不说,在清朝末年,为了协助朝鲜抵抗明治维新之后军力强大的日 本对朝鲜展开的侵略,在1894年发生了中、日甲午战爭。结果中国战败,在1895年派李鸿章到日本签订丧权辱国的《马关条约》,承认朝鲜独立,中国割让 台湾、澎湖及其附属岛屿给日本,更对日本赔偿2.3亿两白银的战爭赔款。甲午战爭是造成清朝灭亡的一个重要因素。

二战后中国收回台、澎的主权。但日本「皇民化」统治,是使台湾人滋生台独思想的主要原因。而美国把原属台湾省的钓鱼台岛划归日本,成为中、日发生主权爭议的导火线,反映出美国用心之狠毒。当然,蒋介石政府迁台,是两岸迄今无法统一的原因。

日本对朝鲜半岛进行50年的殖民地统治(1895-1945)。二战后期,苏联和美国沿北纬38度分別佔领朝鲜半岛北部和南部,並建立共產主义的朝鲜和资本主义的韩国,双方迄今仍然严重对抗。

中国在1949年由共產党统治之后,仍然受到朝鲜拖累。事缘金日成在史达林唆使下,在1950年挥军南下,酿成韩战。美国军事介入。中国为了「援朝」,派「人民志愿军」抗美,到1953年才停战。韩战造成中、美关係恶化,也成为美国长期围堵中国的重要因素。

从金日成到金正恩三代,朝鲜都是依靠中国的援助。然而,平壤政权一直为北京带来不少麻烦。金正恩对国际秩序的挑衅,尤其是不断地试验核子武器,使到中国不胜其扰,终于根据联合国安理会的议决案对朝鲜进行经济制裁,但收效甚微。对金正恩的胡作非为,北京似乎也无可奈何
18
Personal Finance / Re: Scams
« Last post by king on Today at 07:38:03 AM »



NOTICES & ANNOUNCEMENTS
Financial Consumer Alert: List of unauthorised companies and websites has been updated.

Release Date: 24 Feb 2017
The Bank has updated the Financial Consumer Alert list. The list consists of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BNM. Please take note that the list is not exhaustive and only serves as a guide to members of the public based on information and queries received by BNM. The latest list consists of 288 companies. The following companies were added to the list:

BitKingdom
JJ Global Network
JJ Poor To Rich
JJPTR
Pertubuhan Kebajikan Komuniti Malaysia (PKKM)
Pruton Mega Holding Limited
Webster Trade Consulting Sdn Bhd
The list will be updated regularly for public's reference. To view the updated list, click on this link.

Get the list handy on your smart phones using MyBNM mobile app. Learn more about our mobile apps at the following link: http://www.bnm.gov.my/index.php?*=en_mobileapps


© Bank Negara Malaysia, 2017. All rights reserved
19
Equities / Re: PETRONAS
« Last post by king on Today at 07:36:29 AM »



Saturday, 25 February 2017
Let Petronas do its job
BY RISEN JAYASEELAN - RAISON D’ETRE

 
JUST about everyone in the oil and gas (O&G) sector the world over would love to do business with Petroliam Nasional Bhd (Petronas). And why not?

It is Malaysia and South-East Asia’s only Fortune 500 company, it owns all the O&G deposits in the country, has a solid balance sheet, is spread across the globe and is so professionally run that despite the oil price rout, its good rating has been maintained by international rating agencies.

In the local context, Petronas has long played a catalyst role. Preference has been given to local players, provided they come with the right expertise or partners and are willing to invest.

Those that perform well are rewarded with more contracts by the oil giant, but those that fail to perform are not and even reprimanded if need be.

And based on industry feedback, you could say that Petronas takes a soft approach to local players, meaning that it is likely to be more forgiving than other international oil giants. (So in that sense, if a local company drops out of favour with Petronas, it means that it has performed deplorably.)

A dynamic list of registered Petronas contractors exists. The problem is, there’s a large number of them who just aren’t competitive. And that’s excluding the so-called “agents” who merely hope to secure a Petronas contract typically by claiming that they are part of the elite connected personnel of the country.

Those guys have got no business being on this list. By the way, there are around 3,700 such registered contractors today. The number should be close to the 700-odd that Norway has, a country with similar-sized hydrocarbon resources as Malaysia.

The other problem is the non-competitive ones. Petronas has long called for these players to do something about that. When oil prices were high, things weren’t so obvious. But in this period of prolonged lower oil prices, it becomes very clear if contractors can’t perform up to mark, as prices of O&G services have come down to realistic levels. It’s kind of like how Warren Buffet put it: “Only when the tide goes out do you discover who’s been swimming naked”.

Of course, it’s not only local players who are trying to strike a sweet deal with Petronas.

I’m sure in the early days, when exploration expertise came mainly from the US or European firms, they negotiated better deals for themselves when they struck the production sharing contracts with Petronas. Today, the story is different, as Petronas has over the years become very adept at inking joint ventures that are not lopsided.

Just ask all the global O&G companies doing or trying to do business with Petronas today and they will tell you that the latter strikes a hard bargain.

This brings to mind recent reports speculating a deal between Petronas and Saudi Aramco, the world’s largest oil company.

There has been a fair bit of speculation surrounding Aramco inking a deal with Petronas in relation to the latter’s Refinery and Petrochemical Integrated Development or Rapid project in Pengerang, Johor. The latest is that both parties will sign an agreement on Monday during King Salman’s visit to Malaysia.

Petronas has not said anything about any potential deal with Aramco, except that it is always in talks with potential partners, but that any deal inked would have to be on Petronas’ terms. In other words, beneficial to Petronas and not lopsided, as it should be.

Petronas’ president and CEO Datuk Wan Zulkiflee Wan Ariffin recently told editors in Kuala Lumpur that Petronas never takes on projects with the view that it has to depend on investors for funding to complete the project.

That said, partnering Aramco should have its benefits, considering it is not only the company with the vastest oil reserves, but also the most valuable company in the world today. The deal just has to be struck on equally beneficial terms.

It is also clear that Petronas is still in a decent financial state, with Fitch recently affirming its A- rating on the oil giant.

Petronas also has around RM130bil in cash. Hence, it should not be nudged into any deal that is not on its terms. Some other countries have seen the well-connected get their hands on the kitty of their rich Government-owned companies. Let this not happen to Petronas.

Remember the spirit of the formation of Petronas? It was created by virtue of the Petroliam Development Act of 1974, which wrested control of all the country’s O&G resources into Petronas for the benefit of all Malaysians.

In other words, the O&G resources of the country belong to all Malaysians, and they have to be handled with care


Read more at http://www.thestar.com.my/business/business-news/2017/02/25/let-petronas-do-its-job/#iqMUqzARIHSZqeyZ.99
20
Global Markets / Re: WARREN BUFFEETT
« Last post by king on Today at 07:34:14 AM »



Warren Buffett
Warren Buffett Refutes Donald Trump’s Immigration Stance in Annual Letter
Stephen Gandel
Feb 25, 2017
Warren Buffett, in his annual letter, says you don't have to be an economist to understand one of the key factors that has made America great: Immigration.
Nonetheless, the statement from Buffett, the world's third richest man, may attract some controversy this year. As a candidate, Donald Trump campaigned on a pledge to restrict immigration. And now as president, he has been working to introduce stringent limitations on immigration from seven predominantly Muslim countries.
Buffett, who is the CEO of Berkshire Hathaway, in his annual letter to shareholders, which was released on Saturday morning, writes that America's economic growth has been "miraculous." He says one of the main reasons for that has been a tide of "talented and ambitious immigrants" to the U.S.
The letter, which is widely read for clues on where the world's most famous investor thinks the economy and markets are headed, is not an explicit rebuke of President Trump. In fact, Buffett does not name the new president by name in the letter. What's more, only a small portion of Buffett's 29-page annual letter touches on politics, including a brief defense of entitlements. And Buffett, who publicly backed Hillary Clinton for president, has said he doesn't think Trump will derail the economy.
In the letter, Buffett continues to maintain his optimism about America and the market. "American business—and consequently a basket of stocks—is virtually certain to be worth far more in the years ahead."
More from Fortune on Buffett's 2017 annual investment letter:
Warren Buffett Scorches the Hedge Funds
Warren Buffett Just Pointed Out What Everyone Gets Wrong About the Way He Invests
But Buffett does sound a bit more cautious about what could happen to the market in the next few years. Some, including another famous investor, George Soros, have suggested that the mixture of high stock valuations and uncertainty about policy decisions under Trump could cause the market to crash. Buffett isn't predicting that. But he does offer caution. "The years ahead will occasionally deliver major market declines—even panics—that will affect virtually all stocks," Buffett writes. But don't panic, he says. "Yes, the build-up of wealth will be interrupted for short periods from time to time. It will not, however, be stopped."
Buffett does seem concerned about the uneven distribution of that wealth. He says that there is some concern that some Americans are still too much in debt. A foreclosure may not cause wealth to go away, but it does redistribute it. Buffett quotes the author Gertrude Stein: "Money is always there, but the pockets change." And while Buffett does praise America's market system for rewarding success, he also seems to back the government's role in determining the "distribution of a significant portion of the bounty."And that statement will likely be met with some disagreement these days as well. With the president aspiring to lower taxes for both businesses and individuals, it seems clear Trump is looking for the government to redistribute even less wealth in this country than it has in the past. In the end, Buffett does seem to express strong optimism about American's long-term future, but he's also suggesting how we get there over the next four years might be a challenge
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