Wednesday, October 22, 2014

Stocks To Watch BHS, Inari Amerton, RHBCap, MBSB, CIMB, Sarawak Cable


By Gho Chee Yuan / TheEdge Markets.com   | October 21, 2014 : 8:55 PM MYT   

KUALA LUMPUR (Oct 21): Based on corporate announcements and news flow today, stocks that may in focus on Thursday (Oct 23) could include BHS Industries Bhd ( Financial Dashboard), Inari Amerton Bhd ( Financial Dashboard), RHB Capital Bhd (RHBCap) ( Financial Dashboard), Malaysian Building Society Bhd (MBSB) (Financial Dashboard), CIMB Group Holdings Bhd ( Financial Dashboard) and Sarawak Cable Bhd (SCB).

BHS Industries Bhd has proposed a special share dividend issue, a one-for-one bonus issue and a share split of every one existing share into two ordinary shares.

The proposed special share dividend issue entailed two treasury shares for every 45 ordinary shares held in BHS, from the distribution of up to some 3.4 million treasury shares.

Meanwhile, the proposed bonus issue is up to 80 million shares, on the basis of one bonus share for every existing share held in BHS.

Thereafter, BHS will implement a share split exercise which will see each existing share of 50 sen par value subdivided into two ordinary shares of 25 sen each.

BHS said the proposed special share dividend and bonus issue of shares are the "most appropriate avenue" of rewarding its existing shareholders.

The firm added that the proposed share split is expected to enhance the marketability and trading liquidity of its shares, as a result of the increase in the number of shares in issue.

BHS closed 2 sen lower at RM3 today, translating in market capitalisation of RM229.58 million.

Inari Amerton Bhd has priced its proposed 1-for-8 rights issue at RM1.50 per share, which represents a discount of 35.62% from the theoretical ex-rights price of RM2.33.

Meanwhile, it has also fixed the exercise price of the free warrants at RM2. The free warrants will be allocated on the basis of one warrant for every rights shares subscribed.

Of the estimated proceeds of RM133.2 million from the rights issue, Inari will allocate RM40 million for the expansion of production capacity; RM40 million for the purchase of new equipment and machineries; and RM30.5 million for working capital purposes.

The remaining proceeds of RM22.7 million will be used for defraying bank borrowings and expenses of the rights and free warrants issue.

Shares of Inari closed 1 sen higher at RM2.71. It has a market capitalisation of RM1.64 billion.

Bursa Malaysia has rejected the applications from both RHB Capital Bhd (RHBCap) and Malaysian Building Society Bhd (MBSB) for their common major shareholder, the Employee Provident Fund (EPF), to vote in the mega merger, according to latest filings to the local bourse.

This confirms the newsbreak by TheEdge Markets.com earlier today, which had reported that Bursa was expected to disallow EPF to vote in the proposed merger of RHBCap, CIMB Group Holdings Bhd and MBSB.

In arriving at its decision, Bursa said it took into consideration a few factors, which includes the fact that EPF had prior knowledge of the proposed merger.

"By virtue of EPF being the common major shareholder in all three affected companies (MBSB, RHBCap and CIMB), as well as being the single largest shareholder of both MBSB and RHBCap, there exists such a potential conflict of interest situation, where EPF may be able to influence the proposed merger to its own benefit," it noted.

"As the single largest shareholder of MBSB and RHBCap and a major shareholder in CIMB, EPF may benefit from the transaction as a shareholder of RHBCap and/or CIMB. As such, its overall position would differ from a party who is merely a shareholder of MBSB, especially given the differing terms and valuations applicable to these three affected companies," it added.

The EPF is the single largest shareholder of RHBCap and MBSB, with 41.5% and 64.6% stakes respectively. It also holds 14.6% of CIMB.

The securities of the three financial institutions had been suspended from trading from 2.30pm to 5pm today. They will resume trading from 9.00am on Thursday (Oct 23).

Prior to the suspension, CIMB shares closed 13 sen or 2% lower at RM6.41. MBSB was unchanged at RM2.60, while RHBCap rose 4 sen to RM8.52.

Meanwhile, Sarawak Cable Bhd (SCB) has entered into a sale and purchase agreement with HNG Capital Sdn Bhd, to acquire a 100% stake in Universal Cable (M) Bhd and Leader Cable Industry Bhd for RM210 million.

In a filing with Bursa Malaysia this afternoon, SCB said the agreement follows the acceptance of a conditional offer on June 16, and payment of an earnest deposit of RM2.1 million to HNG on Sept 12.

The acquisition consideration is to be settled via a combination of cash, assumption of liabilities and the issuance of 37.6 million new ordinary shares of 50 sen each in SCB, at an issue price of RM1.3318 per share, representing 11.86% of the enlarged, paid-up share capital of SCB.

The cash part will be 90% funded from borrowings, with the balance from SCB's internally-generated funds.

The proposed acquisitions are expected to be completed by the fourth quarter of this year.

SCB closed 5 sen lower at RM1.30, giving it a market capitalisation of RM371.67 million.

Tuesday, October 21, 2014

Samsung Galaxy Note 4 Comparison oh Samsung Galaxy Note 4 Comparison

Soya Cincau blog really do a fantastic job on compare all the TELCO on owning a phone.

You should be SMART consumer after all the inflation and your salary remain same.

WAN TAN MEE cost now RM 5.50, before petrol hike only RM 5.

The BEST on is not to BUY but if you indeed need to buy, please refer to the table below.

BEST is UMOBILE U58.


Walk on Fire oh Walk on Fire

This article really calm me down during this CORRECTION.

Must read this kind of positive article to STAY focus.

The Day I Learnt To Walk On Fire

David Kuo | 21 October, 2014

David Kuo
Dear Foolish reader,

That is just plain dangerous. Why would anyone attempt something so audacious”, I said to the Indian gentlemen standing beside me.

It’s only dangerous if you don’t know what you are doing”, he replied with a smile.

I am referring to the fantastic feat of fire walking. Also known as Theemidhi, it was one of the many events organised by Singapore’s Indian community in the weeks ahead of Diwali.

I, along with hundreds of other eager spectators and many Hindu devotees, packed the Sri Mariammam Hindu temple on a warm Sunday evening to watch, at first hand, the bold and daring performance.

Science over the spectacular

The science that lies behind fire walking is, of course, well known. But the science does not detract, in any way, from the spectacular feat, as the fire walkers strode confidently over a four-metre pit of glowing embers in their bare feet.

But the knowledgeable Indian gentleman standing alongside me was absolutely right. Fire walking is only dangerous, if you do not know what you are doing.

Some people have likened the buying of shares in a volatile stock market to walking barefoot on a bed of hot ashes. But as legendary investor Jeremy Grantham once remarked: “Volatility is a symptom that people have no idea of the underlying value”.

Warren Buffett said something similar about risk, which is generally seen as a proxy for volatility. He said: “Risk comes from not knowing what you are doing”.

For many people, volatile market could be a time for worry and distress. After all, it can be heart-breaking to watch the value of our investments take a hit.

Legends versus mortals

But as Peter Lynch once quipped: “A stock market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt youHe went on to say: “A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic”.

That is easy for Peter Lynch to say. He is, at the end of the day, a seasoned investor. But what about us mere mortals - how do we go about differentiating between undervalued shares and rip-offs dressed up as bargains?

Aren’t we, like amateur fire walkers, going to get badly burnt, if we pick up the wrong stocks in a volatile market?

That can indeed be a dilemma. But it is not one that is insurmountable, provided we understand that cheap rubbish is still rubbish.

Walking on fire

The day I became a better investor – or as I prefer to call it, the day I learnt to walk on fire – was the day I understood the concept of intrinsic value. You see, every company on the stock market has an intrinsic value.

The value could be derived from the stream of dividends that we, as investors, enjoy by holding the stock. It could be the sum total of the company’s assets. It could also be the earnings that we, as investors, could reap over the long term, simply by owning the shares.

Trouble is, if you don’t understand the intrinsic value, then that could be tantamount to “playing poker without looking at the cards”, as Peter Lynch once joked.

But by recognising the concept of intrinsic value, we should be able to appreciate when shares have been unfairly punished. That is the underlying message behind Warren Buffett’s sage advice: “Be greedy when the market is fearful and be fearful when the market is greedy”.

He didn’t say buy any old rubbish and hope for the best.

Buffett also said: “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”

Volatile times

The period for market volatility has begun. America has exhausted its supply of cheap money; concerns over Eurozone growth have come to the fore and China’s ability to properly rebalance its economy hangs in the balance.

But remember this: If a business does well, the stock eventually follows. In the short term, there is no correlation between a company’s success and its stock. But in the long term, there is a 100% correlation.

So focus on the long term and the 100% correlation, rather than what might happen from day to day.

And don’t, like some, be tempted to ditch stocks for cash at the first sign of disaster. As Peter Lynch once noted: “If total disaster strikes, cash in the bank is going to be as useless as stocks”.

Monday, October 20, 2014

Stocks To Watch Yinson, MAHB, DKLS, High-5, WCT


By Gho Chee Yuan / TheEdge Markets.com   | October 20, 2014 : 9:22 PM MYT   


KUALA LUMPUR (Oct 20): Based on corporate announcements and news flow today, stocks that may garner interest tomorrow (Oct 21) could include Yinson Holdings Bhd ( Financial Dashboard), Malaysia Airport Holdings Bhd (MAHB) ( Financial Dashboard), DKLS Industries Bhd, High-5 Conglomerate Bhd ( Financial Dashboard) and WCT Holdings Bhd. ( Financial Dashboard)

Yinson Holdings Bhd's wholly-owned indirect subsidiary, Adoon Pte Ltd, has obtained a one-year extension contract for the charter of its floating production, storage and offloading (FPSO) vessel, FPSO Knock Adoon, by Addax Petroleum Development (Nigeria) Ltd.

In a filing with Bursa Malaysia, Yinson said the contract extension is worth US$39 million (RM127.49 million). The original contract for the FPSO was awarded on Oct 17, 2006, for period of eight years with an extension option of up to another eight years.

Yinson closed 9 sen higher at RM2.65 today, bringing its market capitalisation to RM2.74 billion.

Malaysia Airports Holdings Bhd (MAHB) plans to acquire the remaining 40% stake in Istanbul's second-biggest airport, Istanbul Sabiha Gokcen Airport, to gain full control, according to a report by Bloomberg quoting a person familiar with the matter.

MAHB, which currently owns 60% of the Istanbul airport, plans to exercise its pre-emptive right to buy the remainder of the stake from Turkish builder Limak Holding AS.

In response to this, MAHB's general manager of corporate communications Nik Anis Nik Zakaria said the board is considering all options and will decide on the matter by the end of the month.

Shares of MAHB closed 1 sen higher at RM6.70, with a market capitalisation of RM9.23 billion.

DKLS Industries Bhd's 51%-owned subsidiary, DKLS Energy Sdn Bhd (DESB ( Financial Dashboard)), has signed a memorandum of understanding (MOU) with Sichuan Nengtou Electric Power Development Co Ltd to dispose its entire equity interest in Yong Yu Hydro Electric Development Company Co Ltd.

In a filing with the exchange, DKLS said that DESB currently holds a 30% stake in Yong Yu. The carrying value of DKLS Group's interest in Yong Yu is amounted to RM55.79 million.

DKLS said the share transfer price for the disposal shall be based on Yong Yu's seven power stations, at an indicative price of RMB1.601 billion (RM859.73 million), subject to a valuation by a valuer.

This could mean that DESB's 30% stake in Yong Yu is worth RM257.9 million.

"If the proposed disposal materialises, it is expected to give rise to significant gain on disposal for DESB and the group," said DKLS.

DKLS closed 17 sen higher at RM1.76, bringing its market capitalisation to RM163.15 million.

High-5 Conglomerate Bhd, formerly known as Silver Bird Group Bhd, will be de-listed from Bursa Malaysia on Oct 24, 2014(Friday).

In a filing to the exchange today, the bread-maker said Bursa Malaysia has decided to dismiss the company's appeal against the rejection of its proposed regularisation plan in early August.

High-5 has still not been able to mend its financials, with over RM37.23 million loss over the nine-month period ended July 31, 2014, as compared to RM38.5 million in the previous corresponding period.

WCT Holdings Bhd is buying four pieces of vacant freehold land measuring a total of 220.74 acres in Bandar Serendah, Selangor for a total purchase consideration of RM115.4 million, at approximately RM12 per square feet.

The firm plans to undertake a mix-commercial development project on the said land.

In a statement to Bursa Malaysia, WCT said its indirect wholly-owned subsidiary Jubilant Courtyard Sdn Bhd today entered into a conditional sale and purchase agreement (SPA) with Matad Sdn Bhd to purchase the said land.

Shares of WCT was closed 1 sen higher at RM2.09, with a market capitalisation of RM2.28 billion.

YTL oh YTL

YTL will ex on 29 October for 9.5 cent divident,

This celaka EPF BUY and SELL, what for????

 
Thursday,  16 Oct 2014
 
3:34PM EMPLOYEES PROVIDENT FUND BOARD (1,644,900 units Disposed)
 
Wednesday,  15 Oct 2014
 
3:11PM EMPLOYEES PROVIDENT FUND BOARD (1,400,000 units Acquired)
 
Tuesday,  14 Oct 2014
 
4:12PM EMPLOYEES PROVIDENT FUND BOARD (1,102,700 units Disposed)
 
Friday,  10 Oct 2014
 
2:52PM EMPLOYEES PROVIDENT FUND BOARD (333,800 units Disposed) 

 
YTL - NOTICE OF BOOK CLOSURE
LISTING'S CIRCULAR NO. L/Q :  71437 OF  2014

Third Interim single tier dividend of 95% or 9.5 sen per ordinary share of 10

sen each in respect of the financial year ended 30 June 2014.

Kindly be advised of the following :

1)  The above Company's securities will be traded and quoted [ "Ex - Dividend" ]

as  from : [ 29  October  2014 ]

2)  The last date of lodgement : [ 31  October  2014 ]

3)  Date Payable : [ 14 November 2014 ]

MANAGER, SEC. MARKET

 

Copyright @ 2013 KLSE malaysia.