Stocks To Watch JCY Intl, Bumi Armada, KNM Group, Axiata, China Automobile Parts, IGB, Salcon, Kulim

No wonder CAP up up up - MOU with PROTEV - Germany 

Hope you can break 40 cents soon. Initially plan to sell off due to RED CHIP, scare fake account, now wait and see any SYNERGY from the MOU.

Business & Markets 2014
Written by Gho Chee Yuan of   
Wednesday, 27 August 2014 21:30

KUALA LUMPUR (Aug 27): Based on news flow and corporate announcements today, the stocks that may be in focus tomorrow (Aug 27) could include: JCY International Bhd, Bumi Armada Bhd, KNM Group Bhd, Axiata Group Bhd, China Automobile Parts Holdings Limited (CAP), IGB Corp Bhd, Salcon Bhd and Kulim (M) Bhd.

JCY International Bhd has temporarily shut down its factory operations in Kulai Jaya, Johor, following workers unrest and outbreak of fire on Tuesday.

It says the damage to the factories and properties of the company would not pose any material impact on the financial performance and position of the group, for the quarter ending Sept 30, 2014.

JCY says it is currently taking active steps and measures to address the problems and to reach an amicable settlement with the workers.

Axiata Group Berhad's net profit slump 30.55% year-on-year to RM447.82 million in the second quarter ended June 30, 2014 (2QFY14), from RM644.78 million. Revenue however rose to RM4.73 billion, from RM4.63 billion. 

The telecommunications giant said the decline in net profit was mainly due to foreign exchange (forex) losses, integration of Axis’ business in Indonesia and lower contribution from Malaysia.

For the first half of financial year 2014 (1HFY14), Axiata's net profit dropped 11.11% to RM1.12 billion, from RM1.26 billion a year ago, despite revenue increasing 1.5% to RM9.25 billion, against RM9.11 billion in the first half of 2013 (1HFY13).

While it notes that currency volatility is still a concern, it remains optimistic on its outlook, saying, "our business remains strong and we continue to execute strongly on our strategy, to deliver long term growth”.

Offshore oil field service provider Bumi Armada Bhd has priced its proposed rights shares at RM1.35 each, to raise RM1.977 billion.

Bumi Armada told Bursa Malaysia that the rights shares' price was a 32% discount to the theoretical ex-all price (TEAP) of RM1.98, after the group's planned bonus and rights issue.

Bumi Armada's bonus and rights issues involve up to 1.48 billion new shares each. Both exercises are undertaken on the basis of one share for every two existing shares held by entitled shareholders.

KNM Group Bhd posted a 50.4% jump in net profits for its second quarter ended June 30, 2014 (2QFY14) to RM11.12 million, from RM7.39 million a year ago, mainly due to better project contribution margin.

The oil and gas group told Bursa Malaysia that its revenue rose 12.7% to RM489.31 million in 2QFY14, from RM434.09 million a year ago.

For its six months ended June 30, 2014 (1HFY14), KNM reported a two-fold increase in net profits to RM25.29 million, as compared to RM9.61 million a year ago.

Salcon Bhd was pushed into the red in its second quarter ended June 30, 2014 (2QFY14), with a loss of RM4.73 million against a net profit of RM1.32 million a year ago.

This was despite a 122.1% year-on-year increase in its revenue to RM33.27 million, from RM14.98 million.

Nevertheless, for the first half of the financial year 2014 (1HFY14), Salcon's net profit rose more than twofold to RM11.66 million, from RM3.74 million recorded in 1HFY13.

Revenue climbed to RM73.7 million — a 43.97% increased from RM51.19 million for the same period last year.

China Automobile Parts Holdings Limited (CAP) announced it has penned a memorandum of understanding (MOU) with Protev Asia Limited (Protev), a German-based automotive company, to boost the company's future earnings by venturing into the European automotive industry.

CAP's managing director Li Guo Qing hoped the MoU would open more business opportunities for CAP to reach the European market, via the vast network that Protev is equipped with. 

In future, both companies intend to form a joint-venture company where CAP will be responsible on the product research & development (R&D) and production activities, whereas Protev will be responsible for operations and product distribution.

To recap, CAP saw its net profit declining 13.56% to RM17.37 million for the second quarter ended June 30, 2014, due to the drop in the average selling prices.

Its revenue edged down by 2.77% to RM101.91 million, compared to RM104.82 million in the last corresponding quarter.

For the six months period ended 30 June 2014, the group's revenue went down 2.95% to RM194.86 million, from RM200.78 million last year. However, net profit grew 7.03% to RM35.6 million, from RM33.26 million.

IGB Corp Bhd’s wholly-owned subsidiary Majestic Path Sdn Bhd (MPSB) has signed a joint venture agreement with Immortal Group Co Ltd and Theekharoj Piamphongsarn, to jointly purchase and develop land in Bangkok, Thailand.

IGB told Bursa Malaysia that the joint venture is to develop 19 freehold plots of land, located at the Bang Sue Subdistrict in Bangkok.

"The land has potential for a mixed project development by virtue of its location. Project funding shall be met by way of advances from the parties, on a pro-rated basis and/or external financing," it said.

Under the agreement, MPSB will acquire a 49% stake in the said development project for RM65.6 million.

The agreements are expected to be completed by the third quarter of this year. 

In a separate announcement, IGB said it recorded RM66.56 million in net profit for the second quarter ended June 30, 2014 — a 9.1% increase from the RM61.03 million it recorded last year.

Revenue grew 16.4% to RM293.05 million, from RM251.79 million previously.

Kulim (M) Bhd announced that it has entered into an agreement to relinquish its subsidiary Nexsol (Malaysia) Sdn Bhd, to a subsidiary of major Singaporean oil palm player Wilmar International Ltd.

"We have entered into a share purchase agreement with Wilmar's subsidiary, PGEO Edible Oils Sdn Bhd, for the proposed disposal of the entire equity interest in Nexsol for RM27 million," Kulim told Bursa Malaysia in a statement.

It added that the group has also entered a land transfer agreement with PGEO, for the proposed disposal of a parcel of 30-acre land in Sungai Tiram, Johor, belonging to Nexsol, for RM23 million.

To facilitate the disposal, Kulim said it would undertake an internal restructuring to acquire 510,000 Nexsol shares held by Kulim Energy, representing 51% of the existing issued and paid-up share capital of Nexsol, and subsequently capitalise the advances made by Kulim to Nexsol, amounting to approximately RM120 million, into 120,000,000 Nexsol Shares.

The date and original cost of investment of Kulim in Nexsol is April 30, 2010, and approximately RM134.2 million, respectively.

However, Kulim expects to record a loss of RM4.3 million from the disposal of Nexsol.


This comment has been removed by a blog administrator.
This comment has been removed by a blog administrator.

Work from home theory is fast gaining popularity because of the freedom and flexibility that comes with it. Since one is not bound by fixed working hours, they can schedule their work at the time when they feel most productive and convenient to them. Women & Men benefit a lot from this concept of work since they can balance their home and work perfectly. People mostly find that in this situation, their productivity is higher and stress levels lower. Those who like isolation and a tranquil work environment also tend to prefer this way of working. Today, with the kind of communication networks available, millions of people worldwide are considering this option.

Women & Men who want to be independent but cannot afford to leave their responsibilities at home aside will benefit a lot from this concept of work. It makes it easier to maintain a healthy balance between home and work. The family doesn't get neglected and you can get your work done too. You can thus effectively juggle home responsibilities with your career. Working from home is definitely a viable option but it also needs a lot of hard work and discipline. You have to make a time schedule for yourself and stick to it. There will be a time frame of course for any job you take up and you have to fulfill that project within that time frame.

There are many things that can be done working from home. A few of them is listed below that will give you a general idea about the benefits of this concept.

This is the most common and highly preferred job that Women & Men like doing. Since in today's competitive world both the parents have to work they need a secure place to leave behind their children who will take care of them and parents can also relax without being worried all the time. In this job you don't require any degree or qualifications. You only have to know how to take care of children. Parents are happy to pay handsome salary and you can also earn a lot without putting too much of an effort.

For those who have a garden or an open space at your disposal and are also interested in gardening can go for this method of earning money. If given proper time and efforts nursery business can flourish very well and you will earn handsomely. But just as all jobs establishing it will be a bit difficult but the end results are outstanding.

Freelance can be in different wings. Either you can be a freelance reporter or a freelance photographer. You can also do designing or be in the advertising field doing project on your own. Being independent and working independently will depend on your field of work and the availability of its worth in the market. If you like doing jewellery designing you can do that at home totally independently. You can also work on freelancing as a marketing executive working from home. Wanna know more, email us on and we will send you information on how you can actually work as a marketing freelancer.

Internet related work
This is a very vast field and here sky is the limit. All you need is a computer and Internet facility. Whatever field you are into work at home is perfect match in the software field. You can match your time according to your convenience and complete whatever projects you get. To learn more about how to work from home, contact us today on workfromhome.otr214426@gmail.comand our team will get you started on some excellent work from home projects.

Diet food
Since now a days Women & Men are more conscious of the food that they eat hence they prefer to have homemade low cal food and if you can start supplying low cal food to various offices then it will be a very good source of income and not too much of efforts. You can hire a few ladies who will help you out and this can be a good business.

Thus think over this concept and go ahead.