Contra plays not the villain

Contra plays not the villain -- SPORE STRAITS TIMES 16 OCT 2013

CONTRA plays are not the evil in our stock market ("Time to fix flaws in local contra trading system"; Monday). Instead, they are a proven source of liquidity that keeps our market going. During quiet periods when foreign funds are grossly absent, liquidity from contra plays becomes even more significant for our bourse's survival.

It is dangerous to take international practices (for example, disallowing contra plays) as the standard for determining the correct structure of our exchange. Each stock market must be considered on its own strengths and weaknesses.

In the case of Singapore and Malaysia, our well-being has been deeply rooted on contra plays.

One should not dream that a tiny market like Singapore would be converted into a financial hub overnight simply by imitating established markets in all their practices.

Most losses by retail clients in our market are due primarily to an uneven playing field between such clients and institutions.

The Singapore Exchange has a crucial role in addressing this problem.

Group manipulation of our share counters does not come about because there is contra play that, unfortunately, still involves a change in ownership during a trade, against cash-upfront trades.

A stock can also be rolled from one hand to another to be snowballed by having the principal sum paid up each time.

The issue is how to track down such manipulative plays before a bubble is blown beyond proportion. Sheer rules covering corporate governance without necessary and prompt enforcement will not work.

It is justifiable for broking houses to resort to controls restricting the trading of certain stocks entering hazardous levels. However, over-restriction should not be encouraged. Such riskiness has nothing to do with contra plays.

The notion of designated stocks can be applied to emergency stocks only when the T+1 cash market platform is still available. Removing the T+3 settlement (which facilitates contras) across the board is not the solution.

For designated stocks, it is recommended that the Central Depository balances of clients be linked to their control to allow only sales from free balances, where necessary.

Jimmy Ho Kwok Hoong President

The Society of Remisiers (Singapore)-

How to Spot “WINNING” Stocks of the Day

SJ Securities Sdn Bhd in collaboration with CAPITALMASTER HAPPYSTOCK (M) SDN BHD cordially invites you to attend a luncheon talk entitled “How to SpotWINNING Stocks of the Day”

 The details are as follows:

Date                  : 13 Nov 2013 (Wed)

Time         : 12.30-2.15pm

Speaker : Mr John Lu, Singapore

Venue      : SJ Securities Sdn Bhd, SJ Investor Club(SJIC)

Wisma Synergy

72 Persiaran Jubli Perak

Seksyen 22, 40000 Shah Alam

Selangor

CAPITALMASTER HAPPYSTOCK (M) SDN BHD parent company is from China and has been doing investor education for 15 years with outstanding performance, enrolling more than 200 thousand members and having more than 100 branches in mainland China.

Four years ago, it spreads its wing to Singapore and now has set up four branches and enrolled close to 2000 members. It has now opened its first branch in Kuala Lumpur since March this year and SJ Securities Sdn Bhd is its first working partner in investor education.

At the talk you will be able to:

1. Find potential stock in 30 sec by applying filter system of Homily Software
2. Use red circle to establish bullish buy signal of the stock
3. Apply multi-colour dragon indicator to track the existence of institutional buyers and just follow them to get in and out of the market to be winners
4. Use Trend Expert for exit signal for profit maximization.

If you are interested to find out more about the Homily Software and its technical analysis education program and to spot winning stocks of the day, please contact or sms giving your full name and mobile no. to KC GOH (011-20132996) to secure a seat. Only 50 seats are available. Booking is on first come first served basis. So hurry and call us now. Free Lunch will be provided for those who register. Registration will be closed on Nov 11, 2013 before 4:00 pm.

Stock HWGB rises 12%Hot frow after auto entry nem 3-yr lows

Hot Stock Green Packet, warrant surge on retail play

Hot Stock Green Packet, warrant surge on retail play
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Monday, 09 September 2013 13:27

KUALA LUMPUR (Sept 9): GREEN PACKET BHD [] and its warrant rose
sharply in active trades on renewed retail trading play although there was no
news flow, said retail dealers.

“We don’t hear any positive news about the company today but we do see
retail play coming in from Sept 2 when it was at 31 sen per share. Though
loss-making, this firm is still a significant mobile broadband player,” said
Goh Kay Chong, senior remisier at SJ Securities Bhd.

At 12.30 midday break, Green Packet surged 6.5 sen or 20% to 39.5 sen per
share, on trades of some 19 million shares; while its warrant soared 4.5 sen
or 50% to end at 13.5 sen on 26.5 million units.

While Green Packet was the 6th most active counter, its warrant ranked 4th
on the active list.

According to exchange filings, net assets per share of Green Packet as at
end-June 2013 was 15 sen.
“I have checked this morning and there is no news at the moment. So we
reckon it could be retail trading play or speculative play by some big players.
“Due to regular quarterly losses, this company’s share has suffered selldowns. The stock price is now at its lows and is seen coming back on technical rebound. But I am wary of this stock as there is too much speculative play by hit-and-run payers,” said another senior dealer.

For the first half of this year, Green Packet incurred a wider total loss of
RM39.6 million compared to loss of RM32.6 million a year ago. But revenue rose to RM300.3 million, from RM266.5 million.

However, Green Packet’s managing director C.C. Puan said in a statement before releasing the company’s second quarter results that the firm had posted huge increase in its earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter due
to its business transformation plan.
The mobile broadband services provider posted an EBITDA of RM9.4million, a 116% year-on-year jump. Green Packet’s revenue for the second quarter rose 9% to RM151 million.
“We revised our strategies for better performance all-around in view of challenging market conditions and it is proving effective in getting us on track for 2013,” he said.

According to Puan, better cost management and lesser capital expenditure this year should see EBITDA margins improving.

Recently, the company also announced it intended to sell a property of a wholly-owned subsidiary for RM49 million to help pay off debts and reduce gearing. This will also help raise the net assets per share to 22 sen.

Dealers said Puan, who has recently replaced his long-time friend Michael Lai as chief executive officer of P1, might be another factor that boosted Green Packet’s share price. Puan is the controlling shareholder of Green Packet.

Packet One Networks (P1) is a telecommunications, broadband and 4G service provider. The company, founded in 2002, is the main subsidiary of Green Packet.

Hot Stock: Supermax surges for 2nd day on upbeat analyst reports, weak ringgit, valuation

Hot Stock: Supermax surges for 2nd day on upbeat analyst reports, weak ringgit, valuation

Written by Jeffrey Tan of theedgemalaysia.com
Thursday, 05 September 2013 15:57

KUALA LUMPUR (Sept 5): Supermax Corporation Bhd saw its share and warrants rise sharply for the second consecutive day, after more analysts recommend a “buy” on the undervalued stock.

The glove stock rose by as much as 21 sen or 8.5% today. Yesterday, it rose 13 sen or 5.5% to close at RM2.46 per share.

The sharp fall in the ringgit vis a vis the US dollar is a positive for the company and the rubber glove sector in general, as export sales are denominated in dollar.

Supermax is also credited for having built a strong own brand manufacturing (OBM) presence and the stock price is seen as undervalued by 40% by a research firm.

At 3.36 pm today, Supermax share rose 19 sen or 7.7% to RM2.65, with volume of some 12 million shares. It was the fifth top gainer.

Dancing along with Supermax were its structured warrants. At 3.30 pm,SUPERMX-CM rose 11.5 sen or 109.5% to 22 sen with trades of 62 million units. It was the second top active counter.

“The big quantum change in Supermax’s share price is mainly due to the
weakening of the ringgit against the US dollar and as a result, its warrants rose too,” said senior remisier Goh Kay Chong over the telephone.

In a note today, Kenanga Research highlighted that Supermax will be a beneficiary of the weakening ringgit since the group did not hedge its US dollar receipts.

The research house said it likes the glove producer because it was trading at 10.5 times FY14 earnings per share (EPS) compared to its average 14% net profit growth over the next two years.

It added Supermax’s year to date share price performance (up 20%), was still lagging behind other players such as Kossan (up 90%) and Hartalega (up 40%), it said.

“We maintain outperform rating on Supermax with target price (TP) of RM2.82 based on twelve times FY14 EPS,” said Kenanga.

Meanwhile, TA Research said in a note yesterday that the glove producer had strong OBM presence, which made up 69% of sales mix.

“We are confident Supermax’s marketing capabilities will help ensure new capacities are utilized as and when they arrive,” said TA Research.

The research house has reiterated its ‘buy’ call on Supermax, with unchanged TP of RM2.90.

Hot Stocks Pelikan and China Stationery fall, merger deal reportedly off

Hot Stocks Pelikan and China Stationery fall, merger deal reportedly off
Business & Markets 2013
Written by Kamarul Anwar and Ho Wah Foon of theedgemalaysia.com
Wednesday, 04 September 2013 13:24

KUALA LUMPUR (Sept 4): Pelikan International Corporation Bhd fell by as much as seven sen or 14% early today while China Stationery Ltd (CSL) fell 4% after their merger deal was reported to be falling apart by a Chinese newspaper yesterday.

Another news report today said that a CSL official had confirmed that the two companies’ distribution synergy had been called off.

The official said the main reasons were cultural differences between the two companies and differences in opinion over the pricing strategy.

At 12.30 lunch break, Pelikan shares receded 4.5 sen or 9% to 45.5 sen on heavy trades of 32.6 million shares. The net value of the share as at endJune 2013 was RM1.04.

CSL of China ended at 23 sen per share, down 0.5 sen or 2% after falling to a low of 22.5 sen, on trades of 32.8 million shares. Its net value per share stood at RM1.14 as at end-June 2013.
Both counters were among the top ten actives.

According to senior remisier Goh Kay Chong, the plunge of Pelikan shares today could also be due to profit-taking, as the stock had surged 14.5 sen or 41% to close at 50 sen yesterday.

Goh of SJ Securities told theedgemalaysia.com that Pelikan had surged after the news report yesterday because investors thought “it is good for Pelikan to split with China company.”

“To split with China Stationery of China could be good for the stock as investors do not have much confidence in China companies. Punters who bought yesterday are making money today,” said Goh.

He said lately investors are also looking for penny stocks to play as blue-chip counters have been victims of the volatility brought forth by the impending tapering of the US Federal Reserve quantitative easing.

In addition, investors do not like the way Pelikan had been sold down by CSL
recently.

According to exchange filings, Pelikan had been a subject of recent disposal by China Stationery. As of yesterday, CSL held only 2.37% of Pelikan shares after disposing 3.56% stake between August 28 and 30.

Last December, Pelikan signed a two-year dealership agreement with CSL for the latter to distribute and sell office and school stationery products marketed by Pelikan under the "Pelikan" trademark in China and Hong Kong on a non-exclusive basis.

But CSL has been reducing its shareholding in Pelikan after the former had paid a premium to acquire a 9.79% stake for RM50 million  via a share swap.

Reading of KLCI based on Homily Software

Homily Software specialist Zhang Fang's interpretation on KLCI based on Homily Software

1,use HRB

trend(white and blue lines side-way or uptrend but didn't go downtrend,yellow lines downtrend already)

support &resistance(white lines is the support,blue lines is the resistance)

space(between white lines and blue lines)pay more attention to the gap.

2,use GCAND

target points(1/4,1/2,3/4)

so now,look at the target points: 1/2:1716 and 3/4:1664，see the circles in the chart.

1看弘历彩虹

趋势方面，黄色线已经gathering并且朝下，说明中短趋势确认走坏，白色线和蓝色线走平或是朝上，说明中长期和长期趋势还没有走坏。

支撑与阻力方面，很明显白色线的支撑最大，然后蓝色线是近期的阻力。注意下缺口位置。

空间方面，短期内会运行在蓝白色线之间。

2看等比坐标，百分比线

目标点位1/4,1/2,3/4

目前运行在1/2的1716和3/4的1664之间（注意选对区

Please contact KC Goh (012-6597910) for more information.

富時綜指的预测及追踪

《股市创富大赢家〉作者吴继宗的预測：

富時綜指從8月1日的1766.70的低點逆轉，逐漸升至8月14日的1801.26高點，上週五以1788.24掛收。

它可能會再次挑戰1766.70的支持線，或者可能進一步挑戰1723.74的另外一條支持線。

綜指的下滑是有跡可尋的，上週一市場力度是61.52%，週二是69.72%，週三是56.16%，週四是52.32%，但週五則是47.32%，因此，如果市場在本週下滑是有理由的。


8月21日（星期三）中国《弘历》讲师兼产品顾问张芳：

现在需要注意的是KLCI的震荡区间是不是在下移（之前是1789到1767，现在有可能是1767到1745），说明什么？不能判断一定会反转，但是这是一种转变的特征，所以个股的仓位要控制好，尤其是还想再买股的话。

8月22日（星期四）中国《弘历》讲师兼产品顾问张芳：

注意三个要点：

第一，看百分比线，1719.16是从5月3号开始到现在这一段区间的3/4的位置（尤其重视影线的作用，影线代表转折的意愿，这就能解释，为什么昨天的1745点没有支撑住。）

第二，有个跳空缺口，（也正是这样，今天的蜡烛正好把5月6号的缺口给补完了，因为所有的缺口都一定会回补的，只是如果短时间内不回补，那么就是一段时间之后才会回补了）所以这样看来，这一次的下跌缺口就会通过反弹来进行回补，记住短时间没有反弹回补的话，就会过一段时间之后才会反弹回补。

第三，动态筹码显示紫颜色，代表目前的股价进入短期超跌区域，随时可能出现反弹，记住是个区域，所以当紫色变成黄色之后才是反弹的开始。

第四，看弘历彩虹，股价快接近白色线了，近两年多，一直以来，弘历彩虹白色线对KLCI的支撑是比较重要的（想想之前学的弘历彩虹的空间）。

Hot Stock Eastland falls 17% after denial by PM's son

Hot Stock Eastland falls 17% after denial by PM's son
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 11 July 2013 14:49

KUALA LUMPUR (July 11): Eastland Equity Bhd extended losses, falling as
much as 17% after Mohd Nazifuddin Najib refuted rumours that he is seeking
control over the property developer, dealers said.
At 2.37pm, Eastland was traded at 90.5 sen with some six million shares
done. The fourth-largest decliner across the exchange had earlier fallen as
much as 17.5 sen to 88.5 sen.
"There is selling pressure on the stock," a dealer told theedgemalaysia.com
over telephone today.
The dealer, however, said the stock could have found its support at 90 sen
after paring losses from its intradaylow of 88.5 sen.
Yesterday, Eastland shares fell 12 sen or 10% to RM1.06.
Bernama, quoting sources, had earlier reported that Nazifuddin who is Prime
Minister Datuk Seri Najib Razak’s son, is seen to be entering the frayto
thwart a group led by businessmen Teh Soon Seng, over control of Eastland.
According to the report, the two groups would likely battle for control of
Eastland, the jewel in the crown, of which, is the Renaissance Kota Bharu,
the onlyfive-star hotel in Kota Baru, Kelantan.
These rumours come at a time when Eastland is planning a private
placement of shares in the company.
Eastland formerlyknown as FURQAN BUSINESS ORGANISATION [] Bhd,
has appointed M&A Securities Sdn Bhd as the main adviser for the private
placement.
Eastland also said it will sign a joint-venture agreement with Zalam Corp Sdn
Bhd to jointly develop a piece of vacant land in Kota Bharu. Eastland which
owns the land, said Zalam is an "unrelated party".

Hot Stock EA rises 4% on RM59m contract win

Hot Stock EA rises 4% on RM59m contract win
Business & Markets 2013
Written by Kamarul Anw ar of theedgemalaysia.com
Thursday, 11 July 2013 11:27

KUALA LUMPUR (July 11): EA Holdings Bhd extended its gains from
yesterday, after announcing it has clinched a RM59.14 million contract from
Inland Revenue Board of Malaysia (IRB).
At 11:06 am, the shares of the software solutions provider were up by half a
sen or 3.85% at 13.5 sen. A total of 14.79 million shares were transacted
within the 13-14 sen range.
SJ Securities senior remisier Goh Kay Chong told theedgemalaysia.com that
“there is no other reason” for investors to chase after EA Holdings shares
except for the multi-million ringgit government contract.
“The companyis making decent profit unlike other software solutions
providers. Projects also keep coming in,” he said over telephone.
Yesterday, the ACE Market-listed EA Holdings announced to Bursa Malaysia
that its wholly owned subsidiary EASS Sdn Bhd has won a RM59.14 million
contract for the provision of mainframe system upgrade services for the IRB’s
central and secondary data centres.
The company added the contract is expected to be completed within six
months and to be extended for another three years for licensing and
maintaining services.
In its first quarter ended March 31, 2013, EA Holdings earned a net profit of
RM1.5 million on revenue of RM11.3 million. This compares to the previous
year quarter’s net profit of RM2.1 million on the back of RM11.6 million in
revenue.

Stock Investing---with a new concept in Technical Analysis---Sept 28. 2013 (with 10 SIDC CPE points)

Stock Investing---with a new concept in Technical Analysis---Sept 28. 2013 (with 10 SIDC CPE points)

Stocks can be your best investment but they can also be your worst nightmare.  Equip yourself with the necessary fundamental and technical analysis to increase your chances of success.  Now, for the first time, a new concept in technical analysis will be introduced to further strengthen your stock investing success.

This course is organized by Symphony Digest Sdn Bhd which is a centre for Financial Mastery.  It is an offical training partner of Bond Pricing Agency Malaysia Sdn Bhd.

Who should attend this course:

1. Retail investors
2. CMSRL holders
3. Remisiers
4. Trading representatives of securities firms
5. Investment banks
6. Certified Financial Planners

Date: Sept 28, 2013
Workshop duration and time: 1 day 9.00 am to 5:00pm
Venue: Bukit Kiara Equestrian & Country Resort, Kuala Lumpur
Course Fee: RM 390; Early Bird: RM 350(For registration before August 31, 2013)

Registration is confirmed upon receipt of payment, unless otherwise notified.
Contact person for details and registration: KC Goh (012-6597910)

Course Outline
Stock Market Psychology
 Human Factors: Hope, Greed and Fear
 Financial Markets and Economy
 Movement of Stock Prices Analysis
 Traded Volume Analysis
Technical Analysis Methods
 Fibonacci Golden Ratio
 Interpretation of Elliott Wave Theory
 Interpretation of Time Cycles
 Interpretation of Trend Cycles
Technical Analysis – New Concept
 Best Tools to Use Today
 Ascertain Index or Stock Price Bottom
 Ascertain the Buy signal
 Estimation of Upside Targets
 Implication of Tops Resistance
 Ascertain the Sell Signal
Fundamental and Technical Analysis
 Interpretation of Financial Ratios
 Criteria of a Winning Stock
 Case Studies on Technical Analysis New Concept

Trainer’s Profile
Wong Yee is a chartist, strategist, seminar speaker, lecturer and author. He has spent over 38 years doing research in the characteristic behavior of global stock markets, and has written six books on stock market analysis.
He was the first local chartist who introduced RSI (Relative Strength Indicator) in his book “The Trend Principle” in 1986. His latest book “You Too Can Be Rich in stock market investment” introduces a new formula developed by Wong Yee on predicting Index or stock price targets.
Wong Yee was a dealer with UOB Kay Hian, a leading stock broking company in Singapore from 1982 to 2002. Currently, he is focusing on writing books and articles; he also provides consultation and training on stock market strategies.

Books written by Wong Yee:
1. A Guide To Investment In Stocks And Shares (1984)
2. The Trend Principle (1986)
3. Charts Revolution – Stock Market Trends And Trading Principles (1988)
4. Practical Knowledge In Shares Investment (1993)
5. 101 Ways To Avoid Making Mistakes In The Stock Market (1995)
6. You Too Can Be Rich in stock market investment (2012)
Wong Yee holds The Certified Diploma in Accounting & Finance and a Diploma in Investment Analysis.

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Hot Stock: Scope falls 23% on failed RTO by Matang

Hot Stock: Scope falls 23% on failed RTO by Matang

Written by Kamarul Anwar of theedgemalaysia.com
Monday, 03 June 2013 17:04

KUALA LUMPUR (June 3): Loss-making SCOPE INDUSTRIES BHD []
extended losses, falling as much as six sen or 23.08% to 20 sen.

The losses came after shareholders of MCA-linked Matang Holdings Bhd
rejected a proposal to inject cash and assets of the latter into Scope.

At 4:06 pm, ACE Market-listed Scope was traded 4.5 sen or 17.31%
lower at 21.5 sen. The counter saw 1.57 million shares changed hands.

The stock fell four sen to end at 22 sen at 5pm.

This was a continuation in the decline in Scope's share price after
Matang's extraordinary general meeting (EGM) last Friday.

On that day, Scope lost four sen or 13.33%

Remisiers were not surprised with the decline in the stock's price.
“It’s quite obvious why shareholders are selling down Scope Industries’
shares.

“They were disappointed with the reverse takeover (RTO) of Scope
Industries not materialising.” said SJ Securities senior remisier Goh Kay
Chong.

Matang shareholders who were present at the EGM unanimously voted
against a proposal to inject the company’s cash and assets which
include 1,083 ha (2,707.5 acres) of oil palm PLANTATION [] into Scope
for RM145 million.

In return, Scope will issue new shares at an issue price of 25 sen each to settle the purchase consideration.

Matang will receive 580 million shares which the firm plans to distribute to its shareholders. For 1,000 shares held in Matang, a shareholder will receive 4,833 shares in Scope.

However, the consideration shares shall be earmarked in batches with different moratorium periods.
Upon completion of the deal, MCA’s investment arm Huaren Holdings Sdn Bhd will eventually hold 5.7% of Scope, making it the second-largest shareholder in the company.

The controversial proposed exercise manifested a political imbroglio within MCA. Its deputy president Datuk Seri Liow Tiong Lai has opposed the exercise when president Datuk Seri Dr Chua Soi Lek defended the move.

MCA has an estimated 10.75% stake in Matang.

In a statement last week, Liow said the proposal was not brought up at the MCA central committee meeting for approval.

Shortly after he issued the statement, Chua rebutted with a statement which read: “I would like to stress that the share exchange between Matang Holdings and Scope Industries will result in a reverse takeover (RTO) of Scope Industries by Matang. Such a deal is meant to add value to Matang shares.”

Scope made a net loss of RM1.87 million in the third quarter ended March 31, 2013 (3QFY13). Cumulative year-to-date net loss came to RM1.61 million.

Bloomberg data showed that Scope generated a net profit of RM 590,000 in FY12.  This was a fraction of its previous year's net profit of RM 5.21 million.

Hot Stock Time Engineering rises 4% on big dividend yield

Hot Stock Time Engineering rises 4% on big dividend yield
Business & Markets 2013
Written by Kamarul Anw ar of theedgemalaysia.com
Monday, 27 May 2013 12:10

KUALA LUMPUR: TIME ENGINEERING BHD [] (TEB) became investors’
favourite in morning trades as the stock is offering a handsome net
dividend yield of 8.45% for its financial year ended December 2012
(FY12).

At 11:39 am, Time shares rose 1.5 sen or 4.23% to 37 sen with 37.51
million shares transacted. The counter was trading between 36 sen and
38.5 sen a unit earlier.

Last Wednesday, TEB announced a final net dividend of three sen per
share for FY12, with June 18 as ex-date. At the last closing price of 35.5
sen, the stock is offering a net dividend yield of 8.45%.

Dealers said amid “a good market” activity today, investors are looking at
penny stocks that have not moved for a while. They said the company’s
dividend yield could be a major factor in attracting interest to the counter.

SJ Securities senior remisier Goh Kay Chong told theedgemalaysia.com
that apart from the dividend play, TEB has been sought after by
institutional buyers since May 7.

“They slowly accumulated shares on that date. On May 20, these funds
came back in a big way and they are still in the market now (for TEB
shares),” said Goh.

In fact on March 21, institutional funds had started buying TEB shares in
a big way. Bloomberg data shows that 24.5 million of TEB shares
changed hands on that day.

“It’s almost a no-brainer that with a dividend yield that high, investors
wouldn’t want (TEB) shares,” another dealer said.

Comment by Winston Goh: The in and out of the institutional buyer is the key to winning the market.

Market Close: KLCI up 0.45%, pares gains after hitting 1,781 pts

Market Close: KLCI up 0.45%, pares gains after hitting 1,781 pts
Written by Kamarul Anwar of theedgemalaysia.com
Monday, 20 May 2013 17:27

KUALA LUMPUR (May 20): The FBM KLCI pared gains minutes before
market close after rising as many as 11.89 points, though the overall
sentiment was generally positive.

At 5 pm, the benchmark closed 7.99 points or 0.45% higher at 1,777.15
points. It was trading within the range of 1,770.95 points and 1,781.05
points.

A total of 2.85 billion shares worth RM2.66 billion were traded on a day
that saw gainers thumped decliners by five-fold, at 845 and 163
respectively.

The KLCI was lifted to the positive territory by UMW Holdings Bhd, UEM
Land Holdings Bhd, Petronas Dagangan Bhd and British American Tobacco (M) Bhd.

SJ Securities senior remisier Goh Kay Chong told theedgemalaysia.com that the local stock market is still on an uptrend.

“We are on a bull-run,” he said.

“Having said that, investors should be careful when it comes to investing. They need to rely on technical charts to get the timing right,” Goh commented.

While the recent announcement of Malaysia’s gross domestic product (GDP) growth was at a lower-than-predicted level of 4.1%, Goh said the country is expected to grow with more projects in the pipeline.

“We are still looking at a full-year growth of 5% of GDP. So the market still has an upside; with investors looking at construction, finance and oil and gas stocks.

“With these blue-chips gaining traction, the second- and third-liners will then also pick up,” said Goh.
Across the exchange, Luster Industries Bhd was the most-traded stock. It was followed by Daya Materials Bhd and Iris Corporation Bhd.

Top gainers included second liners Cahya Mata Sarawak Bhd, Naim Holdings Bhd and Deleum Bhd.
Top decliners were Genting Plantations Bhd, Jobstreet Corporation Bhd and KLCC Real Estate Investment Trust.

Other exchanges in the Asia Pacific also closed higher.
Japan’s Nikkei was up 222.69 points or 1.47%, Hong Kong’s Hang Seng gained 410.35 points or 1.78%, China’s Shanghai

Composite Index gained 17.61 points or 0.77%, Australia’s ASX 200 was up 28.26 points or 0.55% and Singapore’s Straits Times Index gained 4.22 points or 0.12%.

However, Korea’s Kospi lost 4.38 points or 0.22%.

Hot Stock Eden shares up on news it will build dinosaur park

Hot Stock Eden shares up on news it will build dinosaur park
Business & Markets 2013
Written by Kamarul Anw ar of theedgemalaysia.com
Friday, 01 March 2013 12:38
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KUALA LUMPUR (Mar 1): Eden Inc Bhd emerged as one of the top actives this morning, days after it was announced the investment group is going to build a RM200 million dinosaur-themed amusement park in Malacca.

At 12:19 pm, Eden’s shares were up 1.5 sen, or 5.77%, to 27.5 sen with 3.84 million shares traded. The counter had hit a high of 28.5 sen earlier.

On Monday, Bernama reported Malacca’s Chief Minister Datuk Seri Mohd Ali Rustam announced that the state plans to build a dinosaurthemed “Jurassic Park” costing RM200 million at the 1Malaysia Square.

The park will feature hydraulic- and electronic-based models of 200 species of dinosaurs and will be built on a 12.1ha site by Eden and Yayasan Melaka. Mohd Ali said the park, which is “the first tour of its kind in Asia”, will take two years to complete. No specific date of completion was announced.

SJ Securities senior remisier Goh Kay Chong said this news might be an impetus for investors to buy Eden’s shares.

“Investors who love low-priced stocks look for this kind of news to see which companies to invest on,” he told theedgemalaysia.com.

He also added Eden is a safer company to invest on, as it already bounced from losses in FY10. Eden’s net losses in the year came to RM1.71 million on revenue of RM202.62 million.

For its financial year ended December 31, 2012 (FY12), Eden made RM11.38 million in net profit, or 3.65 sen per share, on revenue of RM91.28 million. The net profit was up by 2.82% from the previous year’s net profit of RM11.07 million on revenue of RM173.28 million.

However, Eden’s FY12 total net profit came solely from its fourth quarter, which raked in RM12.68 million in net profit. Its revenue for the period was RM15.98 million.

Eden’s food and beverage (F&B) and tourism segment contributed the lion’s share in revenue and pre-tax profit in the fourth quarter, amounting to RM10.22 million and RM7.81 million respectively. Year-on-year, the segment made RM8.68 million in revenue and RM360,000 in pre-tax profit.

In a filing to Bursa, Eden said the big jump year-on-year in its F&B and tourism segment’s revenue was because it received a
higher number of catering functions and a bigger attendance for its Underwater World Langkawi aquaria.

The higher revenue in the fourth quarter was also due to the reversal of provision in relation to entertainment duty, said Eden in the filing.

Hot Stock: IRCB falls 6.5% after recent surge

Hot Stock: IRCB falls 6.5% after recent surge
Written by Shalini Kumar of theedgemalaysia.com
Thursday, 14 February 2013 12:16

KUALA LUMPUR (Feb 14): Shares of Integrated Rubber Corporation Bhd (IRCB) shares fell this morning, probably due to profit taking after its recent incessant climb.

At 10.41 am, IRCB was trading at 21.5 sen, down 1.5 sen or 6.5% with 5.42 million shares done. Having hit a high of 23.5 sen earlier, it was amongst the top active counters across the exchange.

“When investors are excited about the prospects of a company, they will chase after the stock. Then once the hype is over, they will take back the profits. But, this is a normal fluctuation,” said Goh Kay Chong, a senior remisier at SJ Securities.

Yesterday, IRCB share price hit a 22-month high of 23 sen, following news that the government’s Corporate Debt Restructuring Committee (CDRC) had agreed to help in its debt structure plan, and also that a new substantial shareholder had acquired more shares in the open market.

On Feb 8, IRCB told Bursa Malaysia that the CDRC had approved its application for help to mediate with its banks over defaulted loans totalling RM16.89 million.
The company also told Bursa that its substantial shareholder Lau Joo Yong had acquired a further 4.13 million shares in the company, increasing his stake to 7.57% on Jan 31, following a purchase on Jan 29.

“The latest developments in the company are injecting some optimism. If a substantial shareholder is picking up IRCB shares,it means that he has confidence in the future of this PN17 company,” said Goh.

IRCB made a cumulative net loss of RM18 million in the nine months ended Oct 31, 2012, compared to a net loss of RM17.93 million in the previous year.

Hot Stock IRCB rises to 21-mth high on debt restructure,share buy by substantial holder

Hot Stock IRCB rises to 21-mth high on debt restructure, share buy by
substantial holder

Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Wednesday, 13 February 2013 12:30


KUALA LUMPUR (Feb 13): Integrated Rubber Corp Bhd's (IRCB) share price advanced to 22-month high on the back of news that the government’s CDRC has agreed to help in its debt structure plan and a substantial shareholder has acquired more shares from the open market.

At 12.05 pm, the most-actively traded stock rose 22 sen or 10% to 22 sen, after rising to 23 sen earlier, on trades of 21.43 million shares.

On Feb 8, the IRCB told Bursa Malaysia that the Corporate Debt Restructuring Committee (CDRC) has approved its application for assistance to mediate with its creditor banks over loans of RM16.89 million defaulted last December.

The company is required to submit restructuring scheme which must comply with CDRC's restructuring principles for IRCB to remain under the Informal Standstill Arrangement with the bankers within 60 days from Feb 6, it added.

Also on Feb 8, IRCB informed the stock exchange that its substantial shareholder Lau Joo Yong had acquired some 4.13 million IRCB shares on Jan 31 from the open market, thus raising his stake in the rubber glove company to 7.57%.

Lau had also bought some 1.2 million IRCB shares from the open market on Jan 29.
“The latest developments in the company are injecting some optimism. If a substantial shareholder is picking up IRCB shares,it means that he has confidence in the future of this PN17 company,” said Goh Kay Chong, senior remiser at SJ Securities
Sdn Bhd.

On January 22, IRCB announced that it was facing possible winding up procedures if it failed to pay back its RM16.89 million debts to Maybank Bhd. There would be major impact on its financials and operations should the winding up proceedings be taken upon the company, it said.
But despite this bad news, its share price continued to climb from 14 sen since.

Dealers reasoned that IRCB’s recent appointment of new director Cheang Phoy Kean, who was controlling another rubber glove company before, could be the reason that the share price was not affected much.

Cheang was appointed as managing director of IRCB, following the resignation of major shareholder Tan Keng Beng, after his (Tan) family sold a 10.98% stake to Cheang via an off-market deal.
IRCB also announced earlier last month the appointments of Cheang’s son, Sean Kar Seng Cheang, as an executive director and Lim Boon Huat as a non-executive director.

Bursa Malaysia filings show that Cheang Phoy Kean emerged as a substantial shareholder in IRCB on Jan 4, following his acquisition of 65 million shares at 15 sen per share.
The Tan family has since to cut down its stake in the company further. On Feb 5, the family sold some 30 million IRCB shares via off market transaction, Bursa filings show. As a result, the family is now no longer a substantial shareholder.

IRCB made a cumulative net loss of RM18 million in the nine months ended Oct 31, 2012, compared with a net loss of RM17.93 million a year earlier.

http://www.theedgemalaysia.com/business-news/230648-hot-stock-ircb-rises-to-21-mth-high-on-debt-restructure-share-buy-by-substantial-holder.html

Feng shui says Snake year to bring market gains, disaster risk

The Star Online > Business Published: Thursday February 7, 2013 MYT 2:12:00 PM

Feng shui says Snake year to bring market gains, disaster risk

HONG KONG: The coming Year of the Snake will see financial markets slither higher as optimism grows, although the risk of disasters and territorial disputes in Asia also looms, say practitioners of the ancient Chinese art of feng shui.

Believers in the Chinese form of geomancy maintain the universe is made up of five elements -- earth, water, fire, wood and metal -- that define the collective mood in the world.

The Snake year starting on Feb 10 contains much fire, which brings energy, but also water, which tempers more negative fire traits.

"We will see a lot of positive energy coming and people will have more confidence in economic recovery," said feng shui master Raymond Lo, adding that a lack of the fire element led to financial woes and doomsday speculation over the last few years.

"The stock market is already going up. Even stronger fire will come in 2014, the Year of the Horse, and that means longer-term recovery could be quite substantial and will last for a few years," he said.

Global stocks climbed to their highest in nearly two years last Friday, helped by upbeat manufacturing and employment data that signaled a recovery is on track.

Lai Hon-fai, another seer in the Asian financial centre, agrees that the even more promising Year of the Horse could further boost Hong Kong's benchmark stock index, the Hang Seng.

"The Hang Seng index will reach 24,000 to 25,000 by the end of the Snake year, higher than its current level," he said. It stood at 23,214.40 on Thursday morning. Indeed, most economies have now turned a corner, although Europe may still need two more years to bottom out, said Peter So, a pony-tailed feng shui master.

"Water-related stocks will flourish, including banking, finance, trade, shipping, tourism, and even gambling shares," he said.

For those seeking housing in Hong Kong, this year could mark the start of some welcome relief in its overheated property market, which has seen residential prices hit a record high.

The coming year is the first of three fire years, with prices likely to fall - especially after this summer, So said.

SNAKES AND LEADERS On a more gloomy note, Lo, a feng shui practitioner for more than two decades, warned that disasters and territorial friction could loom. Snake years have a record of violence.

The September 11 U.S. terror attack happened in the last Year of the Snake in 2001, and the previous one in 1989 saw the June 4 crackdown on pro-democracy protesters in Beijing's Tiananmen Square.

One potential worry is tension between China and Japan, which is unlikely to be resolved in the coming year. A long-running row over islands claimed by both nations has in recent months escalated to the point where both sides have scrambled fighter jets while patrol ships shadow each other.

"It will be a troublesome situation, with more turbulence expected in the lunar months of April and October," Lai said.

One man to watch will be China's president-in-waiting Xi Jinping, who was born in 1953, a "yin water" year of the Snake like 2013.

The same combination comes every 60 years.

"Xi is a typical 'yin water' person - moderate, humble and polite," said Lo, adding that the Year of the Snake may still be a tough one for China's new leader because fire is not a good element for him.

Hot Stock IRCB suffers limited fall despite bad news ----------Written by Shalini Kumar of theedgemalaysia.com

Hot Stock IRCB suffers limited fall despite bad news
Business & Markets 2013
Written by Shalini Kumar of theedgemalaysia.com
Wednesday, 23 January 2013 12:43

KUALA LUMPUR (Jan 23): INTEGRATED RUBBER CORPORATION [](IRCB) Bhd, which announced yesterday that it is facing possible winding up procedures if it fails to pay back its RM16.89 million debts to Maybank Bhd, did not experience a huge sell-down.

This is despite the company saying in its statement: “There will be a significant impact on the financials and operations of IRCB Group should the winding up proceedings be taken upon the company.”

At 11.37 am, it fell by half a sen or 3.3% to 14.5 sen. Listed as one of the most active stocks in early trades, it hit a high of 15 sen and a low of 13.5 sen before settling at 14.5 sen, with 5.98 million shares done.

According to Goh Kay Chong, a senior dealer with SJ Securities, IRCB’s recent appointment of new director, Cheang Phoy Kean, could be the reason that the share price was not affected as badly as thought.

Cheang, 59, was appointed as managing director of IRCB, following the resignation of major shareholder Tan Keng Beng, after his family sold a 10.98% stake to Cheang via an off-market deal.

“The news about the recent change is probably the reason for shareholders to have some hope. It’s still a PN17 company, but this means new funds are coming in and so the company is going to be in a better position to face the situation,” he said.

Goh added, “Of course, the person (entering the company) should have already known the position of the company, so they probably have the funds to settle the debts.”

IRCB also announced earlier this month the appointments of Cheang’s son, Sean Kar Seng Cheang, as an executive director and Lim Boon Huat as a non-executive director.

Bursa Malaysia filings show that Cheang Phoy Kean emerged as a substantial shareholder in IRCB on Jan 4, following his acquisition of 65 million shares at 15 sen per share. The off-market deal was worth RM9.75 million.

Hot Stock Scomi shares rise on possible vote for IJM entry

Hot Stock Scomi shares rise on possible vote for IJM entry
Business & Markets 2013
Written by Shalini Kumar of theedgemalaysia.com
Friday, 18 January 2013 12:49

KUALA LUMPUR (Jan 18): SCOMI GROUP BHD []’s shares rose in morning trade following a report that some shareholders could be voting for IJM Corp to come in as its biggest shareholder, having previously opposed the move.

Some previous reports indicated that Scomi’s major shareholders wereheaded for a split over IJM’s strategy to acquire a stake of around 25% in the group.

"This should be good news for the company. IJM is a good company even though it is not in the same line. It also means new funds will be coming into the company. I think the resolution should pass at the
meeting,” said Goh Kay Chong, a senior dealer at SJ Securities.

At 12.16pm, Scomi’s shares were trading at 37.5 sen, up half a sen or 1.4%, on 6.88 million shares done, after hitting the most active list. Earlier, it had hit a high of 38 sen.

Scomi’s extraordinary general meeting set for Jan 31 could see the sole resolution of issuing RM110 million worth of convertible redeemable secured bonds to IJM being passed.

IJM first surfaced as a stakeholder in Scomi in September 2012, when it subscribed for a private placement at 33 sen per share, or a total of RM33 million.

Scomi was in debt at the time, since its RM200 million debt papers had been downgraded after a delay in an asset sale in Nigeria that was supposed to have netted it RM57.6 million.

Hot stock Patimas up on “rescue”, new business reports

Hot stock Patimas up on “rescue”, new business reports
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Monday, 14 January 2013 11:54

KUALA LUMPUR (Jan 14): PATIMAS COMPUTERS BHD [] became the most actively-traded stock in morning trades amid reports that a prominent figure may rescue this PN17 company and that it is in
preliminary talks to get new business.

As at 11:22 am today, Patimas rose one sen or 6.9% to 15.5 sen on volume of some 68 million shares, after hitting a high of 16 sen earlier.

Quoting Datuk Seri Abdul Azim Zabidi, a newspaper report today said this prominent politician-businessman indicated his intention to “rescue” the company and raise his stake.

For the third quarter to September 2012, Patimas incurred net loss of RM8.57 million. Its net value per share was -3 sen (negative 3 sen).

Azim, who has been in the limelight recently for his plan of a hostile takeover of Tiger Synergy Bhd, purchased 45 million shares of Patimas, or 5.44% of the company’s stake via his company Syawaras Sdn Bhd on January 11, according to Bursa Malaysia announcement.

Azmi was also quoted by the newspaper as saying he wants to meet the Patimas board and has no hostile intention on the company, and he had been negotiating with several outside parties on how to rescue Patimas.

"If the company’s management agrees to our proposal, I will consider increasing my stake in Patimas," Abdul Azim said.

Shares of Patimas began to surge on January 10 from 6.5 sen.

SJ Securities Sdn Bhd senior remisier Goh Kay Chong said some parties are now riding on this development to stir up interest and create activity in Patimas’ share.

He said a local Chinese daily reported on Saturday that Patimas is in preliminary talks with another company to provide 4G services but this plan might not materialise.

“Nothing is confirmed for now. It is highly speculative at this juncture,” he told theedgemalaysia.com in a telephone interview.

Trade surge in Singapore penny stocks excites Malaysia ----------- Written by Ho Wah Foon of theedgemalaysia.com

Trade surge in Singapore penny stocks excites Malaysia
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Thursday, 10 January 2013 09:28

KUALA LUMPUR: Trading in Malaysia’s speculative penny stocks is expected to be energised by the current high turnover in super-penny stocks on the Singapore Exchange (SGX), local senior dealers said.

The Singapore factor, plus optimism fuelled by positive news from the US fiscal cliff talks, European macro-economic crisis, as well as encouraging economic data from the US and China, are expected to lure greater trading interest in local penny stocks this month, they added.

“We are watching Singapore. Last Friday, its volume suddenly jumped to seven billion shares. We have alerted our own remisiers to prepare for the contagion effect,” said Sam Ng, president of the Remisiers Association of Malaysia.

In December 2012, the average daily trading volume on the SGX was about 2.4 billion shares, its web data shows.

“The super bull in Singapore in super-penny stocks will have an impact on us. And a Chinese New Year (CNY) rally will definitely follow suit,” added Ng, also senior dealer at Interpacific Securities Sdn Bhd.

Goh Kay Chong, a senior dealer at SJ Securities Sdn Bhd, said the currenthigher trading volume is also due to the January effect, apart from the Singapore factor.

“This traditional feel-good factor in January is also luring retail players back to the market. With bonus payments received at around this time of the year, people feel rich and they are finding avenues to invest their money,” he said.

Last Friday, SGX saw its trading volume surge to a feverish pitch, hitting a recent high of 7.05 billion shares valued at S$1.36 billion (RM3.36 billion). The top 10 actives were dominated by penny stocks accounting for 3.58 billion units.

mDR Ltd, which distributes telecommunications devices and provides mobile related services, netted 1.03 billion shares when it closed at 1.8 Singapore cent last Friday.

This was followed by Elektromotive Group Ltd, which closed 0.1 cent higher at 0.4 cent on trades of 518.81 million shares;

while ICP Ltd ended flat at 0.4 cent on 433.11 million shares.
SGX’s strong trading volume, led by penny stocks, persisted this week. On Monday, trades at SGX totalled over 6.5 billion

shares while on Tuesday it was over 5.7 billion. Yesterday, 4.4 billion shares were traded.
Indeed, the contagion effect on Malaysia was already felt last Friday in the local market. Total trades rose to 1.25 billion shares, from 1.12 billion last Thursday. This volume of over one billion has continued into this week so far. Yesterday, the volume totalled 1.1 billion.

Ng noted there was higher retail interest in the local stock market last Friday, taking after Singapore.
According to Albert Fong, president of Society of Remisiers in Singapore, retail investment and contra play, as well as Internet trading have been responsible for the high trades in penny stocks in the republic.

“The fear factor that dominated the whole of last year has dissipated. The removal of three main concerns over US fiscal cliff,

European crisis and China economy has cleared the way for more optimism,” the senior remisier in Singapore told The Edge Financial Daily

Hot Stock Permaju shares ride on news it may win timber concession -----------Written by Shalini Kumar of theedgemalaysia.com

Hot Stock Permaju shares ride on news it may win timber concession
Business & Markets 2013

Written by Shalini Kumar of theedgemalaysia.com
Monday, 07 January 2013 11:22

KUALA LUMPUR (Jan 7): Permaju Holdings Bhd shares rose in active trades today after news that it may be awarded about 809 hectares of timber concession land in Sabah and Sarawak.

“It’s speculative play that is driven by the news. People could have known about this earlier and bought shares and now that the news has broken, they are selling, while others continue to buy,” said Goh Kay Chong, a senior dealer from SJ Securities.

“This could also be cyclical play, or even pre-election play….[Permaju] is
the darling of the speculators.” he added.

At 10:30am, Permaju was trading at 50 sen, up 1 sen or 2%, on volume of 14.36 million. Hitting a high of 52 sen earlier, it was the third most active counter on the exchange.

According to a news report in a local paper, the outcome of the land concession award will be made known by this month.

The potential concession will make Permaju the single largest land concession owner in Sabah, said the report.

Under the terms of the contract, Permaju will clear the virgin jungle and then plant oil palm. Proceeds from the timber extracted will go directly to Permaju.

Gross proceeds from the timber is expected to be more than RM1 billion, the news report

吉隆坡5日讯）消息透露，佳华（Java，2747，主板工业产品股）与宏进工业（Permaju，7080，主板贸服股）获颁面积20万英亩土地，共30至60年的特许使用权。

消息告诉《南洋商报》，沙巴基金（Yayasan Sabah）近期将20万英亩地段颁给这两家公司，以协助发展以及再植林计划。

“有关地段一部份是可使用30年，一部份的特许使用权长达60年。”但本报无法探悉确实面积。

消息指出，政府主要是清理有关地段供发展和再植林计划，而佳华和宏进工业除了可享有砍伐区内树木的权力，更可在之后与沙巴基金以联营方式发展部份地区。

Hot Stocks PN17 counters played up after Destini news ------------ Written by Janice Melissa Thean of theedgemalaysia.com

KUALA LUMPUR (Dec 4): Companies in financial distress and without a core business, classified as Practice Note 17 (PN17) on Bursa Malaysia, saw a surge in price and volume traded on Friday morning as traders attempted to attract retail investors.

At noon, SILVER BIRD GROUP BHD [], PATIMAS COMPUTERS BHD [] and Integrated Rubber Corp Bhd (IRCB) were among the biggest gainers in percentage terms, having gained as much as 180%, 42.86% and 12% respectively.

“There is a concerted effort by proprietary traders to play up the PN17 companies as the market is quiet at this time of the year, but they still need to trade,” SJ Securities Sdn Bhd senior remisier Goh Kay Chong told theedgemalaysia.com.

“These traders are pushing up such PN17 stocks in the hope that retail investors will jump in. Retailers will have to be very careful as regularisation of PN17 companies can take time,” said Goh, adding that penny stocks will see similar movement as low prices “represent low risks” to the traders.

In addition, the news on Destini Bhd applying to have its PN17 status lifted also fuelled interest in such companies. Destini announced two days ago that it had completed its regularisation and corporate exercises on Sept 13, 2012, and would apply to Bursa Malaysia to have its PN17 status lifted upon recording a net profit in the two consecutive quarters following the restructuring.
“Recently, PN17 status has been lifted much faster than before, indicating that the regulator’s attitude is changing,” observed a senior remisier with another securities firm. “Traders are capitalising on this piece of good news to induce retail investors to buy into such stocks.”

In the past, prices of most stocks jumped ahead of the news on the actual lifting of the PN17 status. Destini shares jumped from a low of 31.5 sen to 33 sen on Dec 31. Following its announcement on Jan 2, the share price rose again, closing at 35.5 sen on Jan 3.

According to Goh, such trading pattern is common now due to the January effect as the market begins to rally. Buoyant market sentiment may carry this trend through to the Chinese New Year period as many employees are given bonuses before the lunar festival, which falls on Feb 10 and 11.

At 2.04pm, Silver Bird shares had risen 4.5 sen or 90% to 9.5 sen on 27.18 million shares traded. Patimas, meanwhile, gained one sen or 28.57% to 4.5 sen with 47.15 million shares done. IRCB shares rose 0.5 sen or 4% to 13 sen on 11.1 million shares traded.