明和有信心維持盈利

看好木材產品需求回溫‧明和有信心維持盈利

2016-06-07 09:27

（吉隆坡6日訊）明和（MINHO，5576，主板工業產品組）預計歐美在暑假過後對其木材產品有回溫需求，目前在嚴峻環境中管控好成本，寄望經濟放緩聲中今年仍能在木材產品驅動下維持去年佳績。

該公司執行董事葉亮成在股東大會後指出，明和主要仍由木材製品和木製品貿易驅動成長，這佔財政年的九成銷售，並預期首季稍緩的歐美市場需求，可在暑假過後回溫。

他指出，明和木材製品主要銷售英國、比利時、荷蘭、德國與澳洲，正在開發中東、中國與印度市場，不時參與展覽以研究與嘗試迎合新市場的產品需求。

他說，中東國受油價下跌所累，等候油價回彈可獲中東訂單；至於中、印皆是大買家，潛能很大。惟半島受法規所限，只能出口木材製品或半製成品，兩大國迄今多偏向砂、沙州直接採購木桐。

他表示，明和將竭盡所能讓產品更具吸引力，同時採取謹慎管控成本措施。

木桐採伐拖累首季淨利

明和截至2015年12月31日第四季淨利由199萬4千大挫至45萬9千令吉，全年則因美元飆漲，而由580萬3千令吉飆200.4%至1千743萬4千令吉。今年首季因木桐採伐與木製品製造淨利各挫60與11%，拖累淨利跌32%至741萬7千令吉。

葉亮成說，匯率波動環境讓明和製造業的成本也呈波動，尤其在工業紙袋製造原料多來自俄羅斯、歐洲與日本更需謹慎管控，至於木製品的原料多來自彭、登州，一些來自本身特許經營森林，一些則來自公司以外，相比較易管控。

他披露，明和在彭亨大漢山附近有特許經營數千英畝伐木場，2020年期滿，皆遵照當局法規永續採伐與經營。

放眼收購更多巴生土地

談到產業發展，葉亮成說，這個業務目前貢獻仍少於10%，將在巴生中路原有小型屋業發展計劃的基礎上，放眼收購更多毗鄰地段供未來發展。明和目前在巴生擁有200英畝地段。

他說，明和已在吉隆坡葉亞石路一小地段，計劃發展為精品酒店，正尋找發展商聯營和酒店管理。

明和股東今日通過股票回購計劃，以回購10%股本的股票。他說，該股早期遭低估而跌至1令吉以下，股票回購計劃下已由史上新高的1令吉左右，回彈至1令吉50仙左右；未來仍將在適當時機回購。

提到派息政策，葉亮成說，公司正就此磋商，惟目前未有決策。（星洲日報／財經）

欲继续追看北马光明日報22年强股市达人锺观涛对股市的深入分析，请点看http://www.stock369.net

優先股股息誘人‧實達集團股東受促認購

優先股股息誘人‧實達集團股東受促認購

2016-06-06 17:14

   

（吉隆坡6日訊）實達集團（SPSETIA，8664，主板產業組）以伊斯蘭可贖回可轉換優先股（PRPS-i）籌措最高10億6千970萬令吉資金，分析員認為融資成本高但短期盈利稀釋效應不大，維持財測不變。

認購優先股可減輕沖稀效應

聯昌研究建議該公司現有股東認購有關優先股，因為6.49%的週息率相當吸引人，並是最小化現有股票被沖稀的方式。

MIDF研究指出，此附加股計劃已獲大股東國民投資公司全面支持，預計對2016及2017財政年每股盈利稀釋效應不大，因首兩年料不會有轉換活動。

MIDF相信只有在該公司股價顯著高於3令吉50仙後才會被轉換，以補償6.49%的週息率。

達證券看好這項籌資計劃，有助於加強資產負債表、更好的管理現金流和為土地收購做準備；同時維持財測不變，基於贖回期為15年，短期對每股盈利不會有沖稀效應。

不過，大眾研究認為此進展帶來負面影響，因以該集團的0.2倍淨負債及86億令吉未結帳銷售狀況，不預期會通過發附加股籌措資金。

“目前該集團債務成本介於4.34%至8%，但PRPS-i利息最低6.49%，15年後每年增1%至最高20%，融資成本更高，不過轉換時間長，可降低稀釋效應。”

肯納格研究的看法是中和偏負面，以最大程度計，此計劃最高稀釋2017年每股盈利9.2%，股本回酬從10.8%跌至10%，淨負債率從0.22倍改善至0.14倍。

為潛在收購籌資金

“對此計劃看法正面中和，因這可為收購更多地皮鋪路，相信該集團2017財政年每股盈利成長足以支撐應對潛在稀釋效應。”

豐隆研究表示，此附加股計劃有望確保該集團持續符合清真股條例及在產業市場低潮期為潛在土地收購籌措資金，不過負面影響是，該公司不再是最具流通性的產業股。

計劃籌措的資金將用在融資發展計劃和營運資本需求；目前該集團總債務對資產水平料跌至30%水平。

實達集團管理層有信心可以達致全年40億令吉的銷售目標，該公司接下來季度將加速推展新計劃，目前的發展總值為47億令吉。

（星洲日報／財經‧報導：郭曉芳）

欲继续追看北马光明日報22年强股市达人锺观涛对股市的深入分析，请点看http://www.stock369.net

槟城 2月28日(星期六)上午10时至11时30分 第16场《股票致富学》精彩大讲座

槟城 2月28日(星期六)上午10时至11时30分 第16场《股票致富学》精彩大讲座

首邦股票行与中国《弘历》公司于 本月28日(星期六)上午10时至11时30分，在京华大酒店12楼（HotelRoyalPenang）再次合作推出第16场《股票致富学》精彩大讲座，由中国《弘历》首席讲师赵克伟以英文主讲：《如何在股市取得标青的成绩》(How to succeed in stock market)
下午2时至6时的中文讲座，由赵克伟及张芳联合主持，讲题：《2015年股市投资展望》
張芳擅長用清晰的投資思路用於實戰操作，精於趨勢研判，擁有豐富的培訓經驗，深入淺出，簡單又富含哲理性的投資教學使投資者的投資變得輕鬆愉快。

2月27日：晚上7時30分至9時30分《2015年行情布局要点》主講人李赵克伟老師。（会员课）
2月28日（週六）：下午7時30至9時30分（地點：Hotel Royal Penang）《軟件综合实战运用》主講人Lily Chen（会员课）
3月1日，下午2時至4時（YMCA -Penang）《软件框架图》主講人Lily Chen。（会员课）

3月1日，下午4時30分至6時30分（YMCA -Penang）《潜力股要点解析》主講人赵克伟
（会员课）

有興趣者請傳短訊報名，包括名字、手機號碼及電郵地址，致電012-6597910。

中国《弘历》在马来西亚的公司是CAPITALMASTER公司，主要在做研发股票的分析软体和技术分析的培训课程，2009年登陆新加坡，现已经有2,000多名会员，2013年登陆马来西亚，会员已分布在大马的多个城市，总行设在吉隆坡，定期到槟城，新山，马六甲和诗巫举办培训讲座，2013年获得新加坡企业大奖，2014年获得亚洲顶级企业大奖，其手机版的分析软件（Homily Chart app）体验用户量已经超过10,000，包含大马,香港 , 新加坡, 印尼及泰国的股票市场和外汇行情资讯。

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

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.

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.

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
A + / A - / Reset

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

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 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.

KC Goh interviewed by Smart Investor Mar 2012 issue 263

KC Goh was interviewed by Smart Investor in March 2012 issue. He told the journalist that you can make millions as a retail investor if you  are sharp and do your homework.  What is the secrets? Please read the Smart Investor March 2012 issue.

本週龍5榜stock to watch from Sep 20 to Sep 24, 2010

本週龍5榜
股項 代號 高 低 支持 阻力 開 閉 14日平均價

1.泰達（DATAPRP） 8338 0.485 0.275 0.275 0.35 0.31 0.315 0.297
該公司說，將與大股東拿督林致華旗下VXL集團緊密合作，找尋海外投資機會，加上持有9000萬令吉累積訂單，相信今年可取得35%至45%營業額成長。

2.高產尼品（KOSSAN） 7153 8.55 3.06 3.06 3.58 3.29 3.20 3.34
僑豐預測此股2010財政年凈利可達1億1910萬令吉及2011財政年則為1億2900萬令吉，將在目標價降至5令吉25仙（之前為5令吉65仙)。

3.納因控股（NAIM） 5073 3.70 2.40 3.24 3.70 3.53 3.54 3.45
僑豐看好該公司在砂拉越基健發展的地位，迄今，砂拉越頒發予上市建築業者的合約量達12億6000萬令吉，按年成長了33.2%。

4.福勝利（HSL） 6238 1.71 0.945 1.55 1.71 1.67 1.68 1.59
市場消息說，福勝利將在一至兩週內獲頒總值1億令吉的砂拉越基建工程合約。

5.寶利機構（BONIA） 9288 1.79 0.97 1.26 1.79 1.56 1.77 1.38
該公司收購新加坡競爭對手JECO私人有限公司（JECO）的70%股權，受市場看好，認為彼此競爭將轉為互惠互利地位。使該公司在擴大亞太區域市場額更有利地位。

stock to watch from Aug 23 to Aug 27

本週龍5榜

股項 代號 高 低 支持 阻力 開 閉 14日平均價

1.陳唱摩多（TCHONG） 4405 5.25 1.83 1.83 5.25 5.10 5.06 4.77
馬幣走強，加上本地化使汽車定價更具彈性，陳唱摩多截至2010年6月30日，第二季凈利揚升84.04%至6365萬5000令吉，促使上半年凈利按年增長68.48%至1億2832萬8000令吉。

2.實康（SALCON） 8567 0.805 0.49 0.49 0.805 0.70 0.72 0.68
該公司第二季業績雖然低於預測，但，建築業估計在下半年將帶來更高的貢獻，目標價格77仙。

3.匯華產業（HUNZPTY） 5018 1.85 1.16 1.16 1.85 1.40 1.40 1.29
由於Alila 2公寓將比預期早推出市場，加上Gurney Paragon購物中心的租金收入，股市分析員上修此股2012財年的凈利預測至3430萬令吉，增幅為16%。

4.頂級手套（TOPGLOV） 7113 14.54 5.98 5.98 14.54 6.08 6.05 7.53
該公司計劃在大馬設立3間新廠房，以及在大馬與泰國的現有廠房增設88條生產線，以在2011年5月份將按年產量提升25%，至412億5000萬隻。

5.華陽（HUAYANG） 5062 1.25 0.65 0.65 1.25 1.21 1.21 1.14
該公司計劃在未來3至5年內進軍中高檔房地產市場。

stock to watch from Feb 17, 2010

股項 代號 高 低 支持 阻力 開 閉 14日平均價

1.立達環球（LEADER）4529 0.965 0.78 0.815 0.965 0.86 0.855 0.85

該公司最近獲得總值1億4000萬美元（約4億8000萬令吉）的聯合貸款引起投資者注目。

2.MAXTRAL工業（MAXTRAL） 9202 0.435 0.29 0.32 0.41 0.36 0.355 0.359

此股被認為是落後大市的優質股，其支持水平是0.32。

3.航運中心（HUBLINE） 7013 0.24 0.20 0.20 0.24 0.20 0.205 0.20

如果在0.20買入5萬股，並且在0.24脫手，你可以凈賺1837令吉，可能是3天功夫，你說好不好？過去記錄顯示4天內可以彈至0.23，若要等0.24則要更久時間。

4.實康（SALCON） 8567 0.805 0.645 0.645 0.805 0.675 0.685 0.693
此股從1月14日的0.805滑下，目前隨時會反彈。

5.時光工程（TIME） 4456 0.50 0.385 0.385 0.50 0.40 0.405 0.41
此股從1月5日的0.50滑下，已經下了28個交易天，隨時會反彈。

stock to watch from Feb 8, 2010

股項 代號 高 低 支持 阻力 開 閉 14日平均價
1.威達（WEIDA） 7111 0.825 0.31 0.675 0.81 0.68 0.695 0.69
此公司每年凈賺1000萬，近日有異動，可能是一個賺錢機會？

2.科恩馬（KNM）7164 1.09 0.32 0.805 0.90 0.83 0.815 0.75
該公司董事經理聯合高盛旗下基金以每股90仙全面收購科恩馬，不排除小股東在特別股東大會上尋求更高的獻購價。

3.彩虹出版（PPG） 7190 0.545 0.30 0.47 0.545 - 0.49 0.49
該公司建議以4送1比例配送2000萬股紅股，這目前是一隻冷門股，要熱起來就要有看市場了。

4.CSC鋼鐵（CSCSTEL） 5094 1.56 0.75 1.34 1.56 1.55 1.53 1.43
在更高的營業額和銷售盈利購幅下，促使該公司成功轉虧為盈。

5.成榮集團（MUDAJYA） 5085 5.25 0.99 4.75 5.25 4.98 4.90 4.93
該公司與聯營公司Bina Rezek，贏得了一項總值達2億4129萬令吉的工程合約。