Tuesday, March 31, 2015

Intergrax, Pharmaniaga, TA Enterprise, TA Global, Takaso, GW Plastics and Tanjung Offshore


By Yimie Yong / theedgemarkets.com   | March 31, 2015 : 9:05 PM MYT   

KUALA LUMPUR (Mar 31): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday, April 1, could include the following: Intergrax, Pharmaniaga, TA Enterprise, TA Global, Takaso, GW Plastics and Tanjung Offshore.

Integrax Bhd's co-founder Amin Halim Rasip has decided to part with his shares in the company, indicating he will be accepting Tenaga Nasional's (TNB) offer for Integrax (fundamental: 1.65; valuation: 1.2) at RM3.25 per share.

Amin holds a 24.76% stake in the port operator.   

Given the different directions pursued by TNB and PCB (Perak Corp Bhd) in respect to the future of the LBT (Lekir Bulk Terminal) and LMT (Lumut Maritime Terminal) assets, Amin said he will be selling his Integrax shares, as it will be more beneficial and productive for him to pursue the business projects and opportunities he intended to develop at Lumut, at a number of other suitable locations in Malaysia and the region, he said in a statement issued this evening.

TNB's revised takeover offer of RM3.25 per share turned unconditional on Tuesday (March 30), after it received valid acceptances totalling 50.82% or 152.88 million Integrax shares as at 5pm.

Pharmaniaga Bhd is aiming to increase its non-concession business to 60% in the next three to four years from 42% now, said the group’s chairman Tan Sri Lodin Wok Kamaruddin.

Lodin said the group is eyeing to increase its presence in the private healthcare sectors locally and abroad, as well as opening more stand-alone pharmacies under its Royal Pharma brand.

As for its manufacturing division, Pharmaniaga (fundamental: 0.95; valuation: 2.1) managing director Datuk Farshila Emran said the group has allocated RM40 million in capital expenditure (capex) to maintain its production plants.

TA Enterprise Bhd fell into the red for its fourth financial quarter ended Jan 31, 2015 (4QFY15), with a net loss of RM33.28 million compared with a net profit of RM29.21 million a year ago.

TA Enterprise (fundamental: 1; valuation: 3) reported a loss per share of 1.94 sen a share in 4QFY15 from an earnings per share (EPS) of 1.71 sen a share.

Revenue for 4QFY15 fell 18% to RM232.03 million from RM281.68 million a year ago.

Its unit, TA Global Bhd (fundamental: 1.05; valuation: 2.4), reported a net loss of RM2.51 million in 4QFY15, compared with a net profit of RM50.45 million a year ago, while revenue fell 22% to RM180.02 million from RM231.76 million.

For the full FY15, TAE (fundamental: 1; valuation: 3)'s net profit fell 29% to RM96.69 million from RM137.03 million in FY14, despite a 12% climb in revenue to RM979.50 million from RM870.73 million.

TA Global reported a 9% rise in net profit to RM144.93 million for FY15 from RM113.45 million in FY14, while revenue climbed 9% to RM757.81 million from RM692.42 million.

Going forward, TA Enterprise maintains a challenging outlook on the domestic economy, in view of slower export growth, lower investments in oil and gas (O&G) industry due to the decline in oil prices, and an anticipated moderate private consumption following the implementation of the goods and services tax.

TA Enterprise also expects lower income contribution from overseas and local property investments in its current financial year for its property investment division, due to upgrading works for some of its investment properties.

Takaso Resources Bhd has called off the proposed acquisition of Dynavance Construction Sdn Bhd.

Takaso and Dynavance Construction have decided to call of the shares sale agreement (SSA) that both parties had entered into in October last year, which would have seen Takaso buying the entire shareholdings of Dynavance for RM9.5 million in cash.

In a filing with Bursa Malaysia today, Takaso (fundamental: 1.25; valuation: 0.3) said both parties had, vide a deed of mutual rescission (DMR), decided to revoke the SSA with effect from today.

Among the DMR terms is that Dynavance will release Takaso from due performance and observance of all its obligations and covenants under the SSA, and likewise Takaso is to apply the same to Dynavance.

The DMR also stated that Dynavance is to return the sum of RM950,000 being the refundable deposit under the SSA to Takaso within 14 days from today.

To recap, Takaso had in October last year signed a SSA with Dynavance’s shareholders to buy the entire shareholdings in the latter for RM9.5 million cash.

Takaso had said then Dynavance might contribute some 25% or more to Takaso's net profit, thus diversifying Takaso's businesses of condom and baby care accessories manufacturing, to include construction and property development.

MCT Bhd, which is undertaking a reverse takeover (RTO) process on GW Plastics Holdings Bhd, has fixed the price for its new placement shares at RM1.28, aiming to raise RM384 million.

In a filing with Bursa Malaysia today, GW Plastics (fundamental: 1.65; valuation: 0.3) said 300 million new shares under the proposed private placement and proposed bumiputera issue have been fully allocated to the identified investors and bumiputera investors.

Based on the placement price and the issue price for the Bumiputera shares of RM1.28 per new share, a total of RM384 million gross proceeds were raised by the company from the proposed private placement and proposed bumiputera issue.

Tanjung Offshore Bhd executive director Tan Wee Koh and independent and non-executive director Shahrizal Hisham Abdul Halim have both resigned from the O&G services company, for “personal reasons”.

Tanjung Offshore (fundamental: 1.85; valuation: 0.6), via separate filings on Bursa, also announced the appointment of two new independent and non executive directors, namely Datuk Suraj Singh Gill, 44, and Datuk Syed Hussian Syed Junid, 54.

Suraj is the co-founder and managing partner of Deol & Gill, an established mid-sized boutique full-service legal firm based in Kuala Lumpur, while Syed Hussian, 54, is the director of business operations and sales support Asia in Western Digital Sdn Bhd. Syed Hussian is also a senior independent non-executive director in AWC Bhd.

Shahrizal, along with George William Warren Jr and Datuk Ab Wahab Ibrahim were members of an independent committee (IC) established by Tanjung’s board of directors this year to, among others, review some of the past deals in Tanjung.

Warren Jr had resigned from the board last week to explore other opportunities elsewhere.

Among the IC findings which were released on Jan 28 were possible conflicts of interests and breaches of fiduciary duty by two of its directors, Tan Sri Tan Kean Soon and Muhammad Sabri Ab Ghani.

Kean Soon and Sabri along with Tanjung group adviser Harzani Azmi had then been suspended from the company, but later on had their suspensions uplifted.

Direct D oh Direct D

You still can enjoy buying phone with NO GST.

Still left about 7 hours before 1 April when government implement GST.

You can go to directd website:

http://www.directd.com.my/

And buy online, they offer FREE delivery.

Don't worry, solid company, they even plan to LISTING in KLSE in 5 years.

I just bought a ASUS ZENFONE 6 for my WIFE.


If I buy tomorrow, the price will be RM 689 + 6% GST (EXTRA 41.34).



DirectD eyes listing on Bursa in five years


PETALING JAYA: DirectD Retail and Wholesale Sdn Bhd, which sells telecommunication products, aims to be listed on Bursa Malaysia within the next five years, said its chief financial officer Esther Kwan.
“Ultimately, the aim is for us to list the company on the stock exchange in the next five years, or maybe even less, depending on market conditions,” Kwan told The Edge Financial Daily yesterday after the opening the group’s sixth largest outlet in SS15, touted as the country’s largest gadget and mobile phone mega store.
Located off the Federal Highway, the new store occupies 18,000 sq ft of a 2-storey building. The store features some 1,000 types of accessories, and has a service centre, payment counters, credit facilities and telecommunications services.
Kwan said DirectD expects to maintain double-digit sales growth this year, driven by its smartphone business, which forms the bulk of its revenue. Currently, its same-store sales growth stands at 15%.
“Research has shown that smartphone sales continue to break their  own record, chalking up  43% growth in the first quarter of 2014. It also contributes significantly to the sales value of US$4.2 billion (RM15.6 billion) in Southeast Asia. The growth trend in smartphone is also reflective of our business,” Kwan said.

This article first appeared in The Edge Financial Daily, on March 31, 2015.

Saturday, March 28, 2015

Prestariang, Yinson, Berjaya Corp, Talam Transform, Perak Corp, Integrax, TNB, F&N, MAHB, Selangor Properties and Silk

This integrax shareholder gila one, 3.50 don't want to sell buy willing to sell at lower price at 3.25???

Weird

By Charlotte Chong / theedgemarkets.com   | March 27, 2015 : 9:34 PM MYT   

KUALA LUMPUR (Mar 24): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (March 27) could be: Prestariang Bhd, Yinson Holdings Bhd ( Financial Dashboard), Berjaya Corp Bhd ( Financial Dashboard), Talam Transform Bhd ( Financial Dashboard), Perak Corp Bhd ( Financial Dashboard), Integrax Bhd ( Financial Dashboard), Tenaga Nasional Bhd ( Financial Dashboard), Fraser & Neave Holdings Bhd, Malaysia Airports Holdings Bhd ( Financial Dashboard), Selangor Properties Bhd (Financial Dashboard) and Silk Holdings Bhd ( Financial Dashboard).

Prestariang Bhd has won a RM29.9 million contract from the Inland Revenue Board (IRB) to provide Microsoft software licences and value-added services for a period of three years.

In a filing with Bursa Malaysia today, Prestariang (fundamental: 1.95; valuation: 0.3) said its wholly-owned subsidiary, Prestariang Systems Sdn Bhd, had received the letter of award from IRB.

The company will provide the services under the master licensing agreement 2.0 for IRB, effective from March 1 this year to Feb 28, 2018, for RM29.9 million, which does not include the goods and services tax.

Yinson Holdings Bhd reported flat net profit growth of RM99.73 million or 10.49 sen a share for the fourth financial quarter ended Jan 31, 2015 (4QFY15) compared with RM98.59 million or 14.33 sen a share a year ago.

Revenue was up a marginal 2% to RM253.62 million from RM249.44 million in 4QFY14, Yinson’s filing with Bursa Malaysia today showed.

The company also recommended a final dividend of 1.5 sen a share for the financial year ended Jan 31, 2015 (FY15), which is subject to shareholders’ approval at its forthcoming annual general meeting.

Berjaya Corp Bhd's (BCorp) net profit for the third financial quarter ended Jan 31, 2015 (3QFY15) surged to RM975.41 million from RM15.97 million a year earlier, due to non-operational gains.

In a filing with Bursa Malaysia today, the group said the surge in net profit was due to non-operational gains such as gain on “remeasurement” and gain on disposal of a subsidiary amounting to RM837.18 million and RM157.54 million, respectively.

Apart from the non-operational gains, BCorp (fundamental: 0.35; valuation: 1.2) said its operating profit decreased compared to a year ago because of lower progress billings registered in the property investment, development segment and the reduced contribution from the Berjaya Auto group.

For the 3QFY15, BCorp's operating profit was down 23.4% year-on-year (y-o-y) at RM174.44 million from RM227.75 million.

Revenue, however, fell 6.36% to RM2.21 billion from RM2.37 billion last year due to the deconsolidation of Berjaya Auto Bhd ( Financial Dashboard) (fundamental: 2.35; valuation:0.30) with effect from Dec 1 last year, and property investment and development segment.

Talam Transform Bhd slipped into the red for the fourth financial quarter ended Jan 31, 2015 (4QFY15), on lower revenue and higher impairment losses of RM177.44 million.

It posted a net loss of RM124.09 million or 3.06 sen loss per share compared with a net profit of RM37.05 million or 0.76 sen earnings per share in 4QFY14. 

Revenue for 4QFY15 dropped by 46.8% to RM79.77 million against RM149.94 million a year ago, due to lower proceeds from sale of development lands.

For the full financial year ended Jan 31, 2015 (FY15), Talam Transform (fundamental: 0.45; valuation: 1.2) recorded a net loss of RM125.59 million compared with a net profit of RM21.98 million.

Revenue, however, grew by 52.83% to RM292.57 million from RM191.44 million a year ago due to more proceeds from disposals of development lands.

Beverage maker Fraser & Neave Holdings Bhd (F&N) has lost its dealership on the exclusive marketing, distribution and sale of Red Bull energy drinks in Malaysia.

F&N (fundamental: 2.1; valuation: 0.9) said its wholly-owned subsidiary F&N Beverages Marketing Sdn Bhd has today signed a transition agreement with Allexcel Trading Sdn Bhd.

Under the agreement, F&N Beverages and Allexcel Trading had mutually agreed not to renew the terms of the principal agreement as both parties are unable to reach an agreement on the changes in commercial terms.

The parties, however, have agreed to a transition period of six months, which shall commence from April 1 to Sept 30, 2015. During the transition period, F&N Beverages will hand over the exclusive dealership to Allexcel Trading in phases.

Malaysia Airports Holdings Bhd, which manages and operates 39 airports in the country, said it has completed its inaugural rights issue, raising RM1.3 billion.

The proceeds will be mainly used to repay the loan secured to fund its purchase of the remaining stake in the companies that manage and operate Sabiha Gökçen International Airport in Turkey, it said in a statement.

Selangor Properties Bhd saw its net profit for the first financial quarter ended Jan 31, 2015 (1QFY15) drop 62.6% on-year to RM58.08 million, from RM155.26 million a year ago, mainly due to the previous corresponding quarter's recognised profits for the disposal of its stake in Help International Corp Bhd ( Financial Dashboard).

In a filing with Bursa Malaysia today, Selangor Properties (fundamental: 2.3; valuation: 3) said its revenue, however, grew 8.2% to RM23.85 million, from RM22.05 million a year earlier.

Segmentally, Selangor Properties said its current investment properties still enjoy high occupancy and will contribute positively to the group.

On property development, it said the delay in new launches has resulted in lower revenue and the division is currently incurring losses.

About 99% of Perak Corp Bhd shareholders today voted to support a company proposal to dispose of its 15.74% stake in Integrax Bhd (fundamental: 1.65; valuation: 1.20) to Tenaga Nasional Bhd (TNB) (fundamental: 1.30; valuation: 1.80) for RM3.25 per share.

The resolution at the extraordinary general meeting (EGM) here has put to the vote by way of poll.

"We got the approval and hope that it is enough for TNB to win (in a takeover tussle with Integrax's major shareholder Amin Halim Rasip for the port operator). We hope it will be a successful exercise from TNB," Perak Corp chief executive officer Datuk Aminuddin Md Desa told reporters after the meeting.

Aminuddin also revealed that Perak Corp (fundamental: 1.9; valuation: 2.4) shareholders at the EGM were told that the board will look into a proposal to pay a special dividend to shareholders with proceeds from the sale.

Silk Holdings Bhd narrowed its net loss in the second financial quarter ended Jan 31, 2015 (2QFY15), thanks to increased revenue from its oil and gas (O&G) support services division and lower losses at its highway unit.

The offshore support vessel services provider and highway concession holder posted a smaller net loss of RM4.71 million in 2QFY15 compared with RM7.26 million a year ago.

Revenue rose 21.9% to RM103.55 million from RM84.95 million in 2QFY14.

In a filing with Bursa Malaysia today, Silk (fundamental: 0.2; valuation: 0.3) said the O&G support services division recorded a higher revenue during the quarter under review mainly due to increased capacity following the acquisition of three new vessels in the previous financial year ended July 31, 2014 (FY14), net of disposal of two vessels during the same period and improved fleet utilisation.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Friday, March 27, 2015

BJCORP oh BJCORP

Walau wei Bjcorp just announced the quarterly results,

1 billion plus plus...

Monday open will GAP up???

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/01/2015

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/01/2015
31/01/2014
31/01/2015
31/01/2014
$$'000
$$'000
$$'000
$$'000
1Revenue
2,210,479
2,366,615
7,271,559
6,159,560
2Profit/(loss) before tax
1,129,204
162,914
1,757,460
594,555
3Profit/(loss) for the period
1,040,922
54,792
1,451,464
300,027
4Profit/(loss) attributable to ordinary equity holders of the parent
975,408
15,973
1,136,768
90,032
5Basic earnings/(loss) per share (Subunit)
19.64
0.41
22.91
2.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7Net assets per share attributable to ordinary equity holders of the parent ($$)
1.6730
1.2468
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Registration for born 2010 std 1 oh Registration for born 2010 std 1


Now the registration no error already,

You can register now for your children who born on 2010. Click the link below:

http://apps.moe.gov.my/esppsel/



Previously have problem, I blogged about it:

http://ck5354.blogspot.com/2015/03/born-2010-year-1-registration-oh-born.html

But I would like to register for my daughter for SJK (C) Sg Long, but no available choice.

So how???

After register, you need to bring the form to the school within 14 days of registration together with (Original and Photocopy):

1. Sijil lahir/ Borang W/ Sijil Anak Angkat / /
2. Bil Utiliti (Bil elektrik (TNB) /Air sahaja) / /
3. Kad Pengenalan Ibu bapa/ Penjaga / /
4. Surat Nikah/ Surat Daftar Perkahwinan/ Surat Cerai
(Sekiranya berkaitan) /
5. Surat Hak Penjagaan/ Perintah Mahkamah jika berkaitan
(Sekiranya berkaitan) /
6. Laporan Doktor & Kad Oku (Sekiranya berkaitan)








 

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