Friday, January 23, 2015


Walau wei

Warrant trade in NEGATIVE premium, betul kah???

Conversion RM 0.35, current price RM 0.24,

total 0.59 betulkah???

Mother now trade at 0.71

Profile for Warrants
Instrument Type : Warrants

Description : Free detachable warrants (Warrants) issued pursuant to the

renounceable rights issue of  94,033,811 new ordinary shares of RM0.25 each in

Takaso Resources Berhad (Rights Shares) (Rights Issue of Shares with Warrants)

Listing Date : 13/09/2011

Issue Date : 05/09/2011

Issue Size in Unit : 56,420,285

Maturity Date : 04/09/2016

Revised Maturity Date :

Exercise/Conversion Period : 5.00 Year(s)

Exercise/ Strike/ Conversion Price : MYR 0.3500

Revised Exercise/ Strike/ Conversion Price : MYR 0.0000

Exercise/ Conversion Ratio : 1 : 1

Revised Exercise/ Conversion Ratio :

Mode of Satisfaction of Exercise/Conversion Price : Cash

Settlement Type/ Convertible into : Physical (Shares)

Remarks : The Warrants are issued to the entitled shareholders of Takaso

Resources Berhad ("TRB") on the basis of three (3) free Warrants for every five

(5) Rights Shares subscribed pursuant to the Rights Issue of Shares with


Each Warrant carries the entitlement to subscribe for one (1) new ordinary share

of RM0.25 each in TRB at the exercise price of RM0.35 and at any time during

the exercise period, subject to the adjustments in accordance with the

provisions of the deed poll dated 26 July 2011, constituting the Warrants. Any

Warrants not exercised during the exercise period will thereafter lapse and

cease to be valid for any purpose.

This announcement is dated 12 September 2011.

Thursday, January 22, 2015

Redmi note 4G for sale oh Redmi note 4G for sale

If you miss out the sale by Redmi, now you can buy from LAZADA.

Mahsing WB vs ABRIC WB

Why Mahsing WB conversion price adjusted from 1.98 to 1.80 but Abric WB didn't adjusted?

Because Abric WB conversion price is same as the par value of the share of 30 cents, conversion price can not be lower than the par value of the share.

Mahsing par value is at RM 1, so it can adjusted to minimum to RM 1, in this case only adjusted to 1.80 still have room to adjust.

ABRIC WB -Overview

Listing Date:Apr 13, 2011
Maturity Date:Apr 07, 2016
Issue Size:49,526,250
Exercise Price:MYR 0.30
Ratio:1 warrant :1 ordinary share
Underlying Stock:ABRIC

Mahsing WB -Overview

Listing Date:Mar 22, 2013
Maturity Date:Mar 18, 2018
Issue Size:168,059,241
Exercise Price:MYR 1.98
Ratio:1 warrant :1 ordinary share
Underlying Stock:MAHSING
Avg Volume (4 weeks):437,511
4 Weeks Range:0.27 - 0.33
52 Weeks Range:0.22 - 0.65




    Adjustment to the number of outstanding 2013/2018 warrants of Mah Sing Group Berhad (“Mah Sing”) , constituted by a deed poll dated 18 February 2013 (“Warrant B Deed Poll”) and expiring on 18 March 2018 (“Warrant B 2013/2018”) and the exercise price for the Warrant B 2013/2018 made in accordance with the provisions under the Warrant B Deed Poll consequential to a renounceable rights issue of 442,882,936 new ordinary shares of RM0.50 each in Mah Sing (“Mah Sing Shares”) (“Rights Shares”) together with 132,864,880 free detachable warrants (“Warrants”), subject to the issued and paid-up share capital of Mah Sing at 5.00 p.m. on 26 January 2015 (“Entitlement Date”), on the basis of 3 Rights Shares for every 10 existing Mah Sing Shares held and 3 Warrants for every 10 Rights Shares subscribed for by the entitled shareholders of Mah Sing as at 5.00 p.m. on the Entitlement Date (“Entitled Shareholders”), at an issue price of RM1.42 per Rights Share (“Rights Issue with Warrants”).

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex – Adjustment" ]
    as from : [ 22 January 2015 ]

    2) The last date of lodgement : [ 26 January 2015 ]

    Remarks :- On 12 January 2015, the Notice of Book Closure has been separately announced for the Rights Issue with Warrants. 

    The holders of Warrant B 2013/2018 who do not exercise their Warrant B 2013/2018 and subsequently whose names appear in the Register of Warrant B holders by 5.00 p.m. on 26 January 2015 (being the Entitlement Date) shall accordingly be entitled to the Adjustments (as defined below).

    Effective on 27 January 2015 (being 1 market day after the Entitlement Date), the number of outstanding Warrant B 2013/2018 and the exercise price for such Warrant B 2013/2018 shall be adjusted in accordance with the provisions under the Warrant B Deed Poll (“Adjustments”). Holders of Warrant B 2013/2018 whose names appear in the Record of Depositors for Mah Sing for Warrant B 2013/2018 at 5.00 p.m. on 26 January 2015 will be entitled to receive the additional Warrant B 2013/2018 arising from the Adjustments. 

    Pursuant to the Adjustments, for illustrative purposes, holders of outstanding Warrant B 2013/2018 holding 1,000 outstanding Warrant B 2013/2018 will have the exercise price of the outstanding Warrant B 2013/2018 adjusted from RM1.98 per warrant to RM1.80 per warrant and the number of outstanding Warrant B 2013/2018 adjusted to 1,095 outstanding Warrant B 2013/2018 from the existing 1,000 outstanding Warrant B 2013/2018 held. 

    The additional Warrant B 2013/2018, as a result of the Adjustments, shall be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 26 February 2015. A notification to the Warrant holders setting out the details of such Adjustments will be despatched to the Warrant Holders in due course.

Wednesday, January 21, 2015

Iskandar Waterfront, Kuantan Flour, Econpile, Eco World, Hua Yang, Zhulian and Brahim’s

Huayang Not Bad...

Companies in the news: Iskandar Waterfront, Kuantan Flour, Econpile, Eco World, Hua Yang, Zhulian and Brahim ( Financial Dashboard)’s
Levina Lim

KUALA LUMPUR (Jan 21): Based on corporate announcements and news flow today, the companies that may be in focus tomorrow (Thursday, Jan 22) could include the following: Iskandar Waterfront City BhdKuantan Flour Mills BhdEconpile Holdings Bhd ( Financial Dashboard), Eco World Development Group Bhd ( Financial Dashboard), Hua Yang Bhd ( Financial Dashboard), Zhulian Corp Bhd and Brahim’s Holdings Bhd.
Shanghai government linked-Greenland Group and Iskandar Waterfront City Bhd (IWCB) — formerly known asTebrau Teguh Bhd ( Financial Dashboard) — have inked a RM2.4 billion deal to develop the Tebrau Bay Waterfront City.
Under the deal, Greenland Group will invest RM2.4 billion to acquire 128-acres from IWCB (fundamental: 1.65; valuation: 1.5) under Phase 1 of the project, which will showcase a snow world theme park, an opera house, a hospital specialising in Chinese traditional medicine, and a school.
The project will be 80% owned by Greenland Group and IWCB, 20%.
IWCB is 47%-owned by Johor-based Iskandar Waterfront Holdings (IWH) ( Financial Dashboard), whose shareholders comprise the Johor government through its investment arm Kumpulan Prasarana Rakyat Johor, and Tan Sri Lim Kang Hoo.
Kuantan Flour Mills Bhd (KFM) has proposed a reverse takeover (RTO) exercise with water filtration systems provider NEP Holdings (M) Bhd, whose products are sold under the ‘Diamond’ brand.
In an announcement today, KFM (fundamental: 0.3; valuation: 1) said it has entered into a heads of agreement with NEP’s vendor Lim Chang Huat for a number of proposals to facilitate the RTO, which will eventually see the creation of a new entity to takeover NEP via the issuing of new shares at 45 sen each, for a total consideration to be determined later.
Piling and foundation specialist Econpile Holdings Bhd (fundamental:1.6; valuation: 0.3) has been awarded a RM128.9 million contract to undertake construction works for a mixed development project in Jalan Conlay.
The project comprises a hotel, serviced and branded residences and a retail podium at Lot 20000 (Lot Lama 111 & 112), Seksyen 63, Jalan Conlay, Wilayah Persekutuan Kuala Lumpur.
“The overall duration of the contract is approximately 23 months and is expected to complete in December 2016,” said Econpile.
Eco World Development Group Bhd surged as much as 12.1%, after its non-independent non-executive director Tan Sri Liew Kee Sin said he plans to step down as chairman of Battersea Project Holding Company Ltd (BPHC), which sparked speculation he may focus more on Eco World.
Eco World (fundamental: 0.95; valuation: 0.3) closed 17 sen or 8.59% higher at RM2.15, with 5.12 million shares traded. The counter was one of the top gainers today.
Liew was quoted by a local news report as saying he had tendered his resignation in BPHC, and was “waiting for a response” from the latter’s board. He has been in the driver's seat of the iconic GBP8 billion Battersea redevelopment, since its launch in 2013.
Hua Yang Bhd (fundamental: 1.7; valuation: 2.4) saw its net profit for the third quarter ended Dec 31, 2014 (3QFY15) jumped 57% to RM30.94 million or 11.72 sen per share. Revenue for the quarter also expanded 19.72% to RM155.5 million, against RM129.89 million last year.
The property developer attributed the better earnings to the steady construction progress from all its on-going projects throughout Malaysia. It also expects the remaining financial quarter of FY15 to continue to be driven by the group’s relatively high unbilled sales, and the steady work progress of all its projects.
Zhulian Corp Bhd saw its net profit fallen 17.73% to RM11.3 million in the fourth quarter ended Nov 30, 2014 (4QFY14), while revenue fell 29.83% to RM54.71 million.
For the full year, the group (fundamental: 0.9; valuation: 2.25) saw its net profit plunged 61.1% to RM47.12 million, as revenue fell sharply to RM243.69 million, compared to last year’s RM417.05 million.
It attributed the deterioration in earnings to the fall in both local and overseas market demands.

Brahim’s Holdings Bhd said it intends to form a joint venture with Sevair Investissements Aeroportuaires, a subsidiary of Société Air France, S.A., for the purpose of exchanging expertise.
According to its filing with Bursa today, Brahim’s (fundamental: 0.8; valuation: 1.8) said the co-operation will focus on technical information, knowledge and proprietary data covering aircraft catering, foods and beverages business, procurement of equipment for catering business, and so on.
Brahim’s, which is principally involved in providing catering services to airlines, said it believes this will enable it to benefit from using the Servair brand mark; and the latter could tap on its halal excellence centre’s halal certification expertise.
(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.)

SKpetro call warrant oh SKpetro call warrant

If you believe oil will rebound from July onwards, I think june maybe can buy warrant to ride the rebound of oil price.

Which call warrant is worth to buy or less risk?

A glance of all skpetro warrant:

Active Warrants

NameTypeListing DateMaturity DateExercise PriceWarrant PriceRatioPremiumGearing
SKPETRO-CUCall Warrants15/01/201430/01/20155.000.0055 : 12.355 (88.20%)106.80
SKPETRO-CWCall Warrants24/01/201422/01/20154.500.0058:11.87 (70.03%)66.75
SKPETRO-CXCall Warrants10/06/201430/06/20154.000.015 : 11.38 (51.68%)53.40
SKPETRO-CYCall Warrants08/07/201407/05/20154.500.0055:11.855 (69.47%)106.80
SKPETRO-CZCall Warrants22/07/201420/05/20154.500.0055:11.855 (69.47%)106.80
SKPETRO-C1Call Warrants19/08/201428/08/20154.180.0057:11.545 (57.86%)76.285
SKPETRO-C2Call Warrants20/10/201431/07/20154.200.0055:11.555 (58.23%)106.80
SKPETRO-C3Call Warrants20/10/201405/05/20154.200.0052.4:11.542 (57.75%)222.50
SKPETRO-C4Call Warrants20/10/201401/09/20155.000.0255:12.455 (91.94%)21.36
SKPETRO-C5Call Warrants30/10/201428/10/20153.480.046:11.05 (39.32%)11.125
SKPETRO-C6Call Warrants17/11/201413/11/20153.800.155:11.88 (70.41%)3.56
SKPETRO-C7Call Warrants19/11/201430/11/20153.180.1053:10.825 (30.89%)8.476
SKPETRO-HBPut Warrants19/11/201430/11/20152.680.223:10.00 (0.00%)4.045
SKPETRO-C8Call Warrants02/12/201401/07/20153.200.102.6:10.79 (29.58%)10.269
SKPETRO-C9Call Warrants17/12/201415/12/20152.800.105:10.63 (23.59%)5.34
SKPETROC10Call Warrants22/12/201422/10/20152.500.174:10.51 (19.10%)3.926

I will choose SKpetro-C9 because:

a) Longest expiry date
b) 2nd Lowest premium


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