Stocks To Watch OCK Group, SMIS Corp, Efficient E-Solutions, Euro Holdings, Berjaya Land, Maxis, plantation stocks

I just came back from IPOH today.

Really don't understand, other people accident is other people business, why 3 lane can jam?????

Why you all so KEK POH??

A car knock the bumper of the bus at SG BULOH north south highway, It jam until 5 km.

My leg sipeh pain, is it time to change from MANUAL car to AUTO????

I am looking at ALMEERA - 2013 - RM 52k

Worth it or wait after GST??

Business & Markets 2014
Written by Gho Chee Yuan of  
Tuesday, 02 September 2014 21:30

KUALA LUMPUR (Sept 02): Based on news flows and corporate results released today, some of the companies that may attract investor attention tomorrow (Sept 03) include the following: OCK Group Bhd, SMIS Corp Bhd, Efficient E-Solutions Bhd, Euro Holdings Bhd, Berjaya Land Bhd, Maxis and plantation stocks. 

OCK Group Bhd is expected to pull in another RM20 million in revenue in the financial year ending Dec 31, 2015 (FY15), from its proposed acquisition of Indonesia's PT Putra Mulia Telecommunication.

For current FY14, OCK chief executive officer Sam Ooi expects Putra Mulia to contribute approximately RM7 million to RM10 million in revenue.

Ooi said the acquisition is expected to be completed within a month.

"The acquisition should give OCK exposure to the fast-growing telecommunications tower market in Indonesia," he told reporters, after OCK's extraordinary general meeting here today.

The telecommunications network services provider also expects to see a 10% to 20% increase in revenue for FY14, as mobile phone operators embark on network expansion and upgrading exercises.

On OCK's proposed transfer from the ACE Market to Bursa Malaysia's Main Market, Ooi said it would be completed "within a short period of time".

SMIS Corp Bhd has signed a shareholders agreement with PT Multi Warna Karpetindo Agung — a company incorporated in Indonesia on Aug 31.

Under the agreement, both parties will establish and operate a joint venture company in Indonesia in the name of PT Grand Surya Techno (JVC), with the aim of manufacturing and selling automotive floor carpet assy, trunk trims and luggage mats.

The proposed authorised share capital of IDR30 trillion (RM8.12 million).

"SMIS, through its 60%-owned subsidiary Sugihara Grand Industries Sdn Bhd, shall provide technical assistance to the JVC in the design and manufacturing of the products of the JVC,” it said in a filing with Bursa Malaysia today. 

In return, the JVC shall pay royalty to Sugihara and for this purpose, a technical assistance agreement shall be signed between the JVC and Sugihara.

The shareholders agreement is expected to be completed by March 31, 2015. 

Euro Holdings Bhd told Bursa Malaysia that it has received a notice of a conditional mandatory take-over offer from three major shareholders of the company, to acquire all remaining ordinary shares not held by them.

In a filing with the exchange, Euro Holdings said it had received the offer from Datuk Seri Choong Yuen Kheong, Datuk Tong Yun Mong and Tee Wee Sien. The trio are planning to acquire all the remaining ordinary shares of Euro Holdings not already held by them, amounting to 42.394 million shares.

"This representing 52.3% of the issued and paid-up share capital of Euro Holdings, for a cash consideration of 44 sen per offer share," the manufacturing and trading of office furniture company said.

"The board of directors will hold an emergency meeting to deliberate the offer, and make further announcement in due course. A copy of the notice is attached herewith and the same will be posted to the shareholders of Euro Holdings, within seven days from the date of this announcement," it added.

Efficient E-Solutions Bhd is slapped with an unusual market activity (UMA) query by Bursa Malaysia, over the sharp rise in its share price and trading volume recently.

At 5pm market close, Efficient E-Solutions Bhd's shares jumped 6 sen or 24% to 31 sen, with some 149.9 million shares done.

Bursa Malaysia has ordered Asia Bio to respond to the query, after making due enquiry with its directors, major shareholders and other relevant persons.

The exchange queried whether there was any corporate development or rumour or report concerning the company, that might have resulted in the fall of its share price.

"We draw your attention to the recent rise in price and volume of your company’s (Efficient) securities," Bursa Malaysia said in a statement today.

Muhibbah Engineering (M) Bhd (MEB) has bagged a RM100 million contract to build the new aroma chemical complex and the relevant plants or facilities for Lemongrass Project located in Kuantan, Pahang, by BASF Petronas Chemicals Sdn Bhd.

In a filing with Bursa Malaysia today, MEB said the job will commence immediately and will be completed in two years.

“The contract is expected to contribute positively to the earnings and net assets of Muhibbah group, for the current and future financial years,” said the company.

The Lemongrass Project is a joint venture project between BASF SE of Germany and Petronas Chemicals Group Bhd.

Meanwhile, Reuters India reported that the Central Bureau of Investigation (CBI) has filed charges against a former minister, his media mogul brother, and a Malaysian tycoon,over alleged corruption to help Malaysia's Maxis Communications Bhd (MCB) take control of an Indian mobile phone carrier, eight years ago.

However, in a statement today, MCB, the parent company of Bursa-listed Maxis Bhd, has denied allegations of constricting business environments in India, in order to coerce Siva Ventures Limited (SVL) to sell Aircel Ltd (Aircel) to it.

MCB said that it categorically denies all allegations of any wrong doing and will vigorously pursue all legal remedies available.

The company was charged under Section 120B of the Indian Penal Code of the Prevention of Corruption Act.

MCB explained that the transaction was completed on March 21, 2006, in compliance with Indian laws, with SVL being paid in full purchase price, after receipt of the requisite approvals from various parties.

"MCB categorically denies and rejects any allegation of wrongdoing in the matter. MCB firmly believes that the allegations are totally unfounded,and the charge-sheet has been filed without basis," said the company.

Plantation stocks such as Kuala Lumpur Kepong Bhd, Felda Global Ventures Bhd and other related counters, may also be in focus.

This follows a Reuters report that shipments of Malaysian palm oil products fell 4.8% from a month earlier, to 1,288,117 tonnes in August, cargo surveyor Intertek Testing Services said, but recovered from steeper losses earlier in the month, as a surge in demand from India offset weaker imports by China and Europe. 

Technicals showed that Malaysian palm oil may retest support at RM1,920 per tonne and fall further to RM1,890, to complete a downtrend that started from the June 25 high of RM2,511, said Reuters market analyst Wang Tao.

Palm prices in August recorded their biggest monthly loss since September 2012, with a 14.5% drop, dragged by worries over bumper crops of competing oilseeds, as well as a pick-up in Southeast Asian palm output.