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Stock watch for 23 February 2012

mamamia~ — Thu, 23 Feb 2012 02:23:12 +0000

Posted to member at 8:30am this morning,

23rd February 2012
SMRTECH (Been in the lime light lately for bidding of 200mil worth of projects, chart is hinting for a breakout)
PADINI (Quarterly result pending this month, chart hinting for upside)
KBB (breaking out soon?)

Disclaimer: the above are solely the opinion of the author. spot4value.com & the author will not be responsible for any possible loss or damage cause by using this website.

Bursa Malaysia announcement highlights

mamamia~ — Wed, 22 Feb 2012 12:20:57 +0000

WCT gets RM331m contract for mixed devt project in KK

by Joseph Chin of theedgemalaysia.com on Wednesday, 22 February 2012 11:33

KUALA LUMPUR (Feb 22): WCT Bhd has secured a RM331 million contract for a mixed commercial project with a medical centre in Kota Kinabalu.

It said on Wednesday its unit WCT Construction Sdn Bhd had accepted the contract from Riverson Corporation Sdn Bhd for the project.

WCT said the scope of works comprised of the construction and completion of a nine-storey hospital with 200 beds, a 10-storey complex with small office-home office, office suites and three levels of retail space and one level of basement car park.

“The works are expected to be completed in August 2014. The contract is expected to contribute positively to the group’s earnings and net assets for the financial years from 2012 to 2014,” it said.

Kencana gets RM101m offshore platforms job from Murphy

by Syarina Hyzah Zakaria of theedgemalaysia.com on Wednesday, 22 February 2012 11:23

KUALA LUMPUR (Feb 22): Kencana Petroleum Bhd has secured a RM101 million contract from Murphy Sarawak Oil Co. Ltd for two offshore platforms in Sarawak.

It said on Wednesday its unit Kencana HL Sdn Bhd was awarded the engineering, procurement and construction (EPC) contract for the construction of two offshore platforms – the Patricia and Serendah platforms – which are part of the SK309 field development near Bintulu.

“The contracts are expected to contribute positively to the earnings of Kencana Petroleum Group for the financial year ending July 31, 2012 and financial year ending 2013,” it said.

Kencana said that construction would start in the first quarter of 2012 and end in the third quarter.

AirAsia 4Q net profit down 56% to RM135m on higher fuel costs

by Joseph Chin of theedgemalaysia.com on Wednesday, 22 February 2012 09:24

KUALA LUMPUR: AirAsia Bhd earnings fell 56.3% to RM135.66 million in the fourth quarter ended Dec 31, 2011 when compared with RM311.08 million a year ago as it was impacted by aircraft fuel expenses, which rose to RM475.07 million from RM292.44 million on-year.

The low-cost carrier said on Wednesday In 4QFF11, it recorded foreign exchange losses of RM137.38 million compared with forex gain of RM44.29 million a year ago.

Its revenue rose 9.3% to RM1.272 billion from RM1.164 billion. Earnings per share were 4.90 sen compared with 11.30 sen.

“The revenue growth was supported by 9% growth in passenger volume while the average fare was 4% higher at RM196 as compared to RM188 achieved in 4Q10. Ancillary income per passenger year-on-year fell by 19% to RM40 from RM49 as ancillary income from AirAsia Go is no longer included. The seat load factor was 82%, the same as in the same period last year,” it said.

For the financial year ended Dec 31, 2011, its net profit fell 46.8% to RM564.14 million from RM1.06 billion in FY10. Revenue showed a 13.3% increase to RM4.473 billion from RM3.984 billion.

HTPADU secures project from Emirates Vehicle Gates

1. Introduction

HeiTech Padu Berhad (“HeiTech” or “the Company”) is pleased to announce that the Company has on 22 February 2012, accepted a Letter of Award for the Emirates Vehicle Gates (“EVG”) for SAEED for Traffic Systems (“SAEED”).

2. The Contract Value
The Contract Value of the project is AED24,399,924.00 (Arab Emirate Dirham Twenty Four Million Three Hundred Ninety Nine and Nine Hundred Twenty Four Only)

3. Duration of the Project
The Contract is for a period of twelve (12) months. Any further renewal or extension of the duration is at the discretion of SAEED.

HARTALEGA proposes bonus issue and free warrant

On behalf of the Board Directors of HHB, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:

(i) a bonus issue of up to 371,654,940 ordinary Shares of RM0.50 each held in HHB (“Shares”) (“Bonus Shares”) on the basis of one Bonus Share for every one existing Shares held in HHB on a date to be determined and announced later (“Entitlement Date”) (“Proposed Bonus Issue”);

(ii) a free warrants issue of up to 74,330,988 free warrants (“Free Warrants”) (“Proposed Free Warrants Issue”) on the basis of one Free Warrant for every five existing Shares held on the same Entitlement Date as the proposed Bonus Issue; and

(iii) proposed increase in authorised share capital of HHB from RM250,000,000 comprising 500,000,000 Shares to RM750,000,000 comprising 1,500,000,000 Shares (“Proposed Increase in Authorised Share Capital”).

Further details of the Proposals are set out in the attached file.

TSH Resources profit more than doubles

TSH Resources’ pre-tax profit rose 54 per cent to RM162.4 million for the financial year ended Dec 31, 2011 from RM105.3 million recorded in the preceding year.

The group turnover increased 27 per cent to RM1.15 billion from RM908 million a year before.

“The palm oil segment’s contribution accounted for all the profit generatedin 2011,” said group chairman Datuk Kelvin Tan in a statement today.

“Our plantation segment performed exceedingly well with record fresh fruitbunches (FFB) and oil yields from Sabah and Indonesia.

“The Sabah estate average FFB yield exceeded 31 metric tonnes (MT) perhectare and oil yield was almost 7 MT per hectare. “This is a forerunner to the many more good years to follow,” he said.

Tan noted that the early yields from TSH Group’s Indonesian estates were most promising.

“With the higher oil extraction rate of 26 per cent, oil yield per hectarefrom our Indonesian estates will comfortably exceed 7 MT per hectare at primeage.”

TSH Group’s total planted area stands at 44,074 hectares at end-2011 with anunplanted land bank of 70,000 hectares. “We target to plant 6,000 to 7,000 hectares a year. Coupled with the fact that most of these plantings will be with our Wakuba tissue culture ramets, we can conservatively deliver compound annual growth rate of 30-35 per cent,” he said.

The Board has proposed a single-tier dividend of 3.5 sen per share subject to shareholders’ approval. — BERNAMA

Financial results
NGIUKEE

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Stock watch for 22nd February 2012

mamamia~ — Tue, 21 Feb 2012 15:15:04 +0000

Below stocks look interesting on chart,
- GEFUNG (Right issue completed end of Jan, and rumours saying new business injection on the way? )
- FLONIC (Right issue coming soon, however strong resistance ahead)
- ETITECH (Related with compugt, rebounded on T5 today, been trying hard to break 22sen resistance)
- SILKHLD (No news, but chart looks nice, look to retest 40sen resistance again)
- SYCAL (no news also, this afternoon suddenly got some interest and volume, could it make a fly soon?)
- NAIM (Breakout stock, next resistance at RM2.35)
- COMPUGT (Many news lately, doji today, reversal coming?)

Disclaimer: the above are solely the opinion of the author. spot4value.com & the author will not be responsible for any possible loss or damage cause by using this website.

Bursa Malaysia announcement highlights

mamamia~ — Tue, 21 Feb 2012 12:05:55 +0000

Sarawak Cable to go ahead with transmission line projects

by Joseph Chin of theedgemalaysia.com on Tuesday, 21 February 2012 10:42

KUALA LUMPUR (Feb 21): Sarawak Cable Bhd will go ahead with its plans to take part in the transmission line projects in Sarawak.

The company said on Tuesday the termination of the MoU with Sinohydro Corporation (M) Sdn. Bhd. and KEC International Ltd last week would not have any impact on its earnings per share and net asset per share.

On Feb 17, Sarawak Cable said the three parties had decided not to pursue the MoU which was to jointly prepare and submit proposals for building transmission lines in Sarawak.

“As the parties to the MOU will not be submitting the proposals together, the MoU is thereby terminated,” it had then said.

AFG 3Q net profit up 9% to RM121.29m, 9-month profit RM371.8m

by Joseph Chin of theedgemalaysia.com on Tuesday, 21 February 2012 10:01

KUALA LUMPUR (Feb 21): Alliance Financial Group Bhd (AFG) posted net profit of RM121.29 million in the third quarter ended Dec 31, 2011, up 9% from the RM111.26 million, underpinned by growth in interest income due to the expansion in loans.

It said on Tuesday its revenue increased by 9.2% to RM311.43 million from RM284.98 million. Earnings per share were 7.90 sen compared with 7.30 sen.

AFG said for the nine months ended Dec 31, 2011, the earnings rose 14.6% to RM371.80 million from RM324.27 million while it recorded a 9% increase in revenue of RM935.80 million from RM858.18 million.

“For the nine months ended Dec 31, 2011, the group recorded profit before taxation of RM499.5 million, an increase of 13.8% compared to the corresponding period last year. The group registered a 11.0% growth in interest income due to the 11.5% expansion in loans,” said AFG.

Gross loan/financing registered year-on-year growth of 11.5%, driven mainly by the expansion in housing loans and SME lending.

Meanwhile, customers’ deposits grew 9.1% year-on-year with loan-to-deposit ratio at 78.9% as at December 2011, as compared with 77.2% a year ago.

AFG said as at Dec 31, 2011, the current and savings account (CASA) accounted for 35.6% of the group’s customer deposits.

Thai floods push Eng Tek into the red for 4Q, FY11

by Joseph Chin of theedgemalaysia.com on Tuesday, 21 February 2012 09:30

KUALA LUMPUR (Feb 21): The severe floods in Thailand pushed Eng Teknologi Holdings Bhd into the red for the fourth quarter ended Dec 31, 2011 and for the financial year with net losses of RM51.81 million, and RM42.90 million.

The manufacturer of components for hard disk drives said on Tuesday last year’s financial performance was a stark contrast to the RM9.31 million in net profit for 4Q2010 and RM48.31 million in earnings for FY10.

“The loss suffered in the reporting quarter was mainly because of the loss of revenue due to the floods in Thailand and impairment and write off of property, plant and equipment and write-down of inventories of RM45.8 million arising from the floods.

“Operations in Thailand, China and Malaysia have been badly impacted since the floods inundated much of Thailand’s hard disk drive industry. The reason that the China and Malaysia operations were impacted as well was because a significant portion of their revenue derived from sales to customers located in Thailand,” it said.

Eng Tek said 4Q11 revenue fell 49.5% to RM68.94 million from RM136.55 million a year ago. Loss per share was 44.2 sen compared with earnings per share of 7.7 sen.

For FY11, revenue fell 17.3% to RM460.41 million from RM557.27 million in FY10.

Financial results:
OGAWA

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Bursa Malaysia announcement highlights

mamamia~ — Mon, 20 Feb 2012 12:04:28 +0000

Pos Malaysia records RM25m net profit in Oct-December quarter

KUALA LUMPUR (Feb 20): Pos Malaysia Bhd recorded net profit of RM25.06 million in the October-December quarter in 2011 compared with RM6.08 million a year ago mainly due to a provision of investment and a one-off impairment provision while there was none in 2011.

It said on Monday that revenue increased by 4.4% to RM289.63 million from RM277.33 million. Earnings per share were 4.67 sen compared with 1.13 sen.

“Against the corresponding quarter previous year, the group registered a decrease of 17.3% in profit from operations of RM21.5 million (2010: RM26.0 million) for the quarter ended Dec 31, 2011, attributed to higher operating expenses by 6.7% despite increase in revenue by 4.4%.

“Higher operating expenses due to higher depreciation and amortization charges by 37.9% due to higher depreciation on National Mail Centre building and plant and machinery, higher transportation costs by 14.3% as a result of higher jet fuel price and revision of flying hours rate by 3.0% and increase in staff costs by 2.0% due to salary revision in January 2011.

“The group profit before taxation was higher by RM17.3 million compared to the corresponding quarter previous year as a result of provision of the investment in Transmile Group Berhad (TGB) and one-off impairment provision relating to capital expenditure incurred for the postal counter whereas none was recorded during current year,” it said.

Pos Malaysia, which changed its financial year ending to March 31, 2012, said that in the 12-month period from January to December 2011, its earnings rose about 66.8% to RM112 million from RM67.11 million. Its revenue increased 15.6% to RM1.173billion from RM1.014 billion.

The group’s profit from operations rose 38.2% to RM146.0 million (2010: RM105.7 million) for the period ended Dec 31, 2011, due to the full year impact of domestic tariff increase commencing July1, 2010 coupled with the benefits realized from transformation initiatives.

“The group recorded a higher profit before taxation by RM56.8 million or 57.3% mainly due to higher operating profit as mentioned above and lower impairment loss for financial asset designated as available for sale (that is investment in Transmile Group Bhd ) of RM10.3 million as compared to RM25.1 million in the preceding year.

“In prior year, there was one-off impairment provision relating to capital expenditure incurred for the postal counter system (classified under property, plant and equipment) of RM22.3 million, cushioned by write back of impairment in value of RM15.5 million,” it said.-The Edge

Notion VTec proposes bonus issue, free warrants

by Joseph Chin of theedgemalaysia.com on Monday, 20 February 2012 11:01

KUALA LUMPUR (Feb 20): Notion VTec Bhd, which posted net losses of RM4.83million in the first quarter ended Dec 31, 2011, proposed a bonus issue of up to 138.91 million new shares on the basis of three new shares for every fourshares held.

The company said on Monday, it also proposed to issue up to 46.30 million free warrants (Warrants-B) on the basis of one Warrant-B for every four existing shares held by the shareholders.

Notion VTec said the proposed bonus issue was the most appropriate move for it to increase the capital base of the company to a level which will better reflect the group’s current scale of operations and reward the shareholders.

It added the proposed free warrants issue would enable shareholders to increase their participation in the equity of the company at a pre-determined exercise price during the tenure of Warrants-B and allow them to further participate in the future growth of the Company when the Warrants-B are exercised.

“In addition, the proceeds from the exercise of the Warrants-B will further strengthen the capital base of the company and will enable the company to raise funds without incurring interest cost, as compared to bank borrowings and to improve the gearing of the Notion VTec Bhd group,” it said.

Meanwhile, in a separate announcement on Monday, it reported net losses of RM4.83million in the first quarter ended Dec 31, 2011 compared with net profit of RM13.41 million a year ago.

Its revenue fell 33.9% to RM39.63 million from RM59.98 million. Its loss per share was 3.13 sen compared with earnings per share of 8.79 sen.

Nilai Resources major shareholders propose SCR of RM1.50 a share

by Joseph Chin of theedgemalaysia.com on Monday, 20 February 2012 10:33

KUALA LUMPUR (Feb 20): The major shareholders of Nilai Resources Group Bhd has proposed a selective capital repayment (SCR) of RM1.50 a share, which is a premium of 20 sen above the Feb 17 closing price of RM1.30.

The major shareholders are Akarmas Sdn Bhd and Tan Sri Dr Gan Kong Seng who collectively hold 62.937 million shares or 55.1% equity, who will not be entitled to the SCR.

“The number of Nilai Resources shares to be cancelled/ repaid pursuant to the proposed SCR amounts to 55.77 million Nilai Resources shares, which represents RM55.77 million of the issued and paid-up share capital of the company,” it said.

The company said during a board meeting Monday, in which the major shareholders including its executive chairman Tan Sri Dr Gan Kong Seng had abstained, they had agreed to table the proposed SCR to the shareholders.

Upon completion of the proposed SCR, the non-entitled shareholders will hold 62.93 million shares, representing the entire paid-up share capital. The proposed SCR will be funded by an advance from the non-entitled shareholders.

The non-entitled shareholders do not intend to maintain the listing status.

The rationale for the proposed SCR was that the group’s core businesses are property development, education and hotel and leisure businesses.

About 48% of the group revenue is derived from the property development segment and the group’s primary activity is the development of Nilai township, Negeri Sembilan, namely Putra Nilai. Putra Nilai is a new 6,233-acre township development from a plantation land, which was without any infrastructure.

Iris teams up for RM160m PNG housing project

KUALA LUMPUR: Iris Corporation Bhd’s wholly-owned subsidiary, Iris Land Sdn Bhd, has entered into a teaming agreement with Kida
Maru Holdings Ltd for a housing project in Port Moresby, Papua New Guinea.

Kida Maru is the lawful proprietor of land measuring 14.75 hectares in Section Granville, Port Moresby.

It also holds a legal and valid Developer’s License and has agreed to jointly assist Iris Land in the development of the project with an estimated gross development value of RM160 million.

In a filing to Bursa Malaysia today, Iris Corporation said Iris Land would undertake to develop 275 units of houses (single storey stilt, semi-detached bungalows and double storey bungalow) on plots of not less than 300 square metres in Section Granville, Port Moresby.

It is expected to be funded by way of project financing to be procured by the company.

Iris Corporation said the proposed teaming agreement was to enable the group to expand its business in the realty and housing development industry overseas. – Bernama

Financial results:
UTDPLT

TURIYA
Disclaimer: the above are solely the opinion of the author. spot4value.com & the author will not be responsible for any possible loss or damage cause by using this website.

Bursa Malaysia announcement highlights

mamamia~ — Thu, 16 Feb 2012 11:55:18 +0000

Uzma lands RM350m Petronas Carigali contract for well testing

by Joseph Chin of theedgemalaysia.com on Thursday, 16 February 2012 09:22

KUALA LUMPUR: Uzma Bhd has secured a RM350 million contract from Petronas Carigali Sdn Bhd to provide well testing equipment and services for Petroliam Nasional Bhd’s drilling projects.

Uzma said on Thursday its unit Uzma Engineering Sdn Bhd won the contract to provide the services in the west region.

“The contract is for a period of five years effective from April 1, 2012 to March 31, 2017,” it said.

Cycle & Carriage 4Q earnings up 39.8% to RM6.33m

by Joseph Chin of theedgemalaysia.com on Thursday, 16 February 2012 05:48

KUALA LUMPUR (Feb 16): Cycle & Carriage Bintang Bhd (CCB) earnings increased by 39.8% to RM6.33 million in the fourth quarter ended Dec 31, 2011 from RM4.52 million a year ago, underpinned by higher sales of vehicles but it expected 2012 to be a difficult year.

Its chairman Ben Keswick said on Thursday that vehicle sales rose 19% while earnings from Mercedes-Benz trading operations were stable

“While 2012 is expected to be a difficult year given the poor global economic climate and competition in the local market, the Group’s strong underlying business and sound balance sheet leaves it well-placed to face the challenges ahead,” he said.

CCB’s revenue for 4Q2011 rose 26.6% to RM158.96 million from RM125.54 million. Earnings per share were 6.28 sen compared with 4.49 sen. It proposed a final dividend of five sen per share.

For the financial year ended Dec 31, 2011, CCB’s earnings were marginally lower at RM26.62 million compared with RM26.77 million in FY10 as higher sales were offset by lower gross margins and reduced non-recurring income.

CCB said its revenue rose 15% to RM677.96 million from RM589.24 million.

Hibiscus Petroleum acquisition gets SC nod

Hibiscus Petroleum Bhd, Malaysia’s first special-purpose acquisition company (SPAC), has received the Securities Commission’s approval for its qualifying acquisition of a 35 per cent equity in Lime Petroleum Plc for US$55 million.

The company had announced its qualifying acquisition plan in October last year.

Out of the total purchase consideration, US$50 million will be injected into Lime, to primarily fund its activities, whilst the balance of US$5 million will be for the purchase of existing shares in Lime.

Hibiscus Petroleum’s managing director Dr Kenneth Pereira said, “We will convene an extraordinary general meeting (EGM) to seek the shareholders’
approval for the Lime transaction, as soon as we receive clearance from the Securities Commission to issue the finalised version of the EGM circular.”

Hibiscus Petroleum’s shares and warrants price increased by 173 per cent and 255 per cent respectively, with the share closing RM1.84 and the warrants at RM1.03 today. — Bernama

Financial results:
TASEK

Disclaimer: the above are solely the opinion of the author. spot4value.com & the author will not be responsible for any possible loss or damage cause by using this website.

Bursa Malaysia announcement highlights

mamamia~ — Wed, 15 Feb 2012 11:50:08 +0000

Malaysia economy grows 5.2pc in Q4 2011

The Malaysian economy expanded by 5.2 per cent in the fourth quarter last year, leading to a growth of 5.1 per cent for the whole year, Bank Negara Malaysia said.

In a statement today, it said domestic demand, supported by both private and public sector spending, helped the growth despite a challenging external environment.

“On the supply side, the services sector recorded slower growth, while the manufacturing sector grew at a similar pace with that of the previous quarter, reflecting the weaker external environment amid sustained growth in domestic activity.

“Other sectors, however, recorded improvements during the quarter, while the agriculture sector continued to record strong growth,” the central bank said.

Domestic demand expanded by 10.5 per cent during the quarter under review, driven by the continued expansion in household and business spending and public sector expenditure. — Bernama

Mulpha sells stake in HK arm for RM111m

Mulpha International Bhd is disposing of its entire 75 per cent stake in Hong Kong-listed Manta Holdings Company Limited for HK$285 million (RM111.15 million) cash.

The disposal is expected to generate a profit of RM57.35 million for the financial year ending Dec 31, 2012, Mulpha said in a statement today.

Mulpha said it had entered into a sale and purchase agreement with Eagle Legend International Holdings Limited to sell 150 million shares in Manta.

“Mulpha continues to implement its stated strategy to dispose of its non-core investments. In line with this, the disposal offers the opportunity to liquefy another HK$285 million,” Mulpha chairman Lee Seng Huang said.

“This will allow the group to act quickly and take advantage of any potential acquisitions that may arise in light of the volatile global economic scenario,” he added.

Manta is an investment holding company listed on the Main Board of the Stock Exchange of Hong Kong Limited since 19 July 2010. — Bernama

Ex-Kian Joo MD, 13 others seek review of Federal Court ruling

by Joseph Chin of theedgemalaysia.com on Wednesday, 15 February 2012 11:19

KUALA LUMPUR (Feb 15): The former managing director of Kian Joo Can Factory Bhd (KJCF) and 13 others have filed an application seeking the review of the Federal Court ruling that gave the nod for Can-One Bhd to buy the 32.9 pct stake of KJCF.

Can-One said on Wednesday it was informed by its solicitors that Datuk See Teow Chuan and the 13 other applicants had applied for the Federal Court order dated Jan 5, 2010 be reviewed and set aside.

It said its solicitors had on Monday received two notices of motion and the affidavits in support from Messrs V K Lingam & Co, who is acting on behalf of See and the applicants.

The application was for the appeals to be re-heard by the Federal Court consisting of judges of the Federal Court other than those who heard and decided upon the appeals on Jan 5.

To recap, Can-One Bhd said on Jan 5 it had won the legal tussle to acquire the 146.13 million KJCF shares held by Kian Joo Holdings Sdn Bhd after a Federal Court ruled in its favour.

Can-One had then said the apex court had allowed its appeal to proceed with the completion of the acquisition of the 32.9% stake for RM241.11 million.

However, in the latest development, See and the 13 other applicants had sought to restrain Ooi Woon Chee and Ng Kim Tuck from distributing the RM241.11 million from the sale of the 146.13 million KJCF shares to Can-One International Sdn Bhd.

They also applied for Can-One International be restrained from selling and/or disposing of the whole or any part of the 146.13 KJCF shares purchased from Kian Joo Holdings Sdn Bhd pending the hearing and final disposal of the application.

Can-One said it would be opposing the applications and it was in the process of taking legal advice.

Bursa Securities queries The Media Shoppe over unusual mkt activity

by theedgemalaysia.com on Wednesday, 15 February 2012 08:52

KUALA LUMPUR (Feb 15): Bursa Malaysia Securities has queried The Media Shoppe Bhd over the unusual market activity in its shares.

At 4.49pm, TMS was up 0.5 sen to 13.5 sen with 142 million shares done

Bursa Securities said the query was over the sharp fall in price and high volume of the company’s shares recently.

Financial results:
AMWAY

Disclaimer: the above are solely the opinion of the author. spot4value.com & the author will not be responsible for any possible loss or damage cause by using this website.

Bursa Malaysia announcement highlights

mamamia~ — Tue, 14 Feb 2012 14:26:45 +0000

Dialog Group 2Q earnings up 15.1% to RM41.45m with new biz, Asian ops

by Joseph Chin of theedgemalaysia.com on Tuesday, 14 February 2012 10:49

KUALA LUMPUR (Feb 14): Dialog Group Bhd’s earnings rose 15.1% to 41.45 million in the second quarter ended Dec 31, 2011 from RM35.99 million a year ago, boosted by higher revenue from the consolidation of its new businesses and operations.

It said on Tuesday its revenue increased at a stronger pace of 33.5% to RM358.62 million from RM268.53 million. Its earnings per share were 2.10 sen compared with 1.84 sen.

“The consolidation of the revenue of the newly acquired fabrication and multi-disciplined engineering company, Fitzroy Engineering Group Ltd, based in New Zealand was the main contributor to this significant increase (in revenue),” it said.

Dialog added that contribution from Malaysia and Asian operations such as Brunei, Thailand, Oman and China, also increased significantly mainly due to higher revenue of specialist products and services recorded.

In the first half ended Dec 31, 2011, its earnings grew 24.4% to RM85.99 million from RM69.09 million while its revenue increased 34% to RM713.85 million from RM532.33 million.

MNRB denies privatisation talk

We refer to the above article appearing in the Star, Star Biz Section Page No. 1 on Tuesday, 14 February 2012, entitled “PNB selling MNRB?”and wish to inform Bursa Malaysia Securities Berhad that the Board of Directors of MNRB Holding Berhad (“MNRB” or “the Company”) is not aware of such intention.

Dayang arm awarded RM125m Talisman job

Dayang Enterprise Holdings Bhd (DEHB)’s wholly-owned subsidiary, Dayang Enterprise Sdn Bhd (DESB), recently won a contract from Talisman Malaysia Ltd, worth RM125 million.

In a filing to Bursa Malaysia today, it said the contract is for the provision of topside general maintenance.

The duration of the contract is for a primary period of three years, with the option of an extension for two years of one year each.

“The contract is expected to contribute positively to the earnings and net assets of DEHB for the financial year ending Dec 31, 2012, as well as the subsequent financial periods within the duration of the contract,” it said. — Bernama

Financial results:
HSPLANT

Disclaimer: the above are solely the opinion of the author. spot4value.com & the author will not be responsible for any possible loss or damage cause by using this website.

Bursa Malaysia announcement highlights

mamamia~ — Mon, 13 Feb 2012 12:22:39 +0000

MBSB denies privatisation

We refer to the above article appearing in the Star, Star Biz Section Page No. 8 on Saturday, 11 February 2012.

Malaysia Building Society Berhad (“MBSB” or “the Company”) wishes to inform Bursa Malaysia Securities Berhad that the Company is not aware of the intention to privatise MBSB and/or unlock the value in MBSB’s properties by the Holding Company.

Hock Seng Lee wins RM82m road contract

The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that HSL has signed a subcontract agreement with PN Construction Sdn Bhd on 13 February 2012 for the construction of the road from Balingian to Jalan Persekutan, Sibu/Bintulu, Sarawak (“the Project”). The subcontract sum for the Project is Ringgit Malaysia Eighty Two Million Two Hundred and Twenty Three Thousand Only (RM82,223,000.00).

The scope of works includes earthworks, drainage and culverts, road and bridges. The works of the Project will be due to be completed in the 1st quarter of 2014.

The contract is expected to contribute positively to the earnings and net assets of HSL Group for the financial years ending 2012 to 2014.

Financial result:
HEKTAR

Disclaimer: the above are solely the opinion of the author. spot4value.com & the author will not be responsible for any possible loss or damage cause by using this website.

Bursa Malaysia announcement highlights

mamamia~ — Thu, 09 Feb 2012 11:28:40 +0000

Bursa Securities queries Puncak Niaga over unusual market activity

by Joseph Chin of theedgemalaysia.com on Thursday, 09 February 2012 09:59

KUALA LUMPUR (Feb 9): Bursa Malaysia Securities Bhd has queried Puncak Niaga Holdings Bhd following the sharp rise in price and high volume in its shares on Thursday.

The regulator had requested the company to provide it with an announcement for public release after enquiring with the directors and major shareholders to seek the cause of the unusual market activity.

Puncak’s share price rallied 44 sen to RM1.89 with 30.93 million shares transacted.

Bursa Securities cautions investors over Naim Indah shares

by Joseph Chin of theedgemalaysia.com on Thursday, 09 February 2012 06:32

KUALA LUMPUR (Feb 9): Bursa Malaysia Securities Bhd has advised investors to be cautious following the recent sharp rise in the price and volume of Naim Indah Corporation shares.

In a statement issued on Thursday, the regulator said investors should exercise caution and make informed decisions in the trading of those shares.

“Notwithstanding the company’s response to the Unusual Market Activity (UMA) query issued by Bursa Securities on Feb 3 and its announcements on the changes in shareholdings on Feb 8, Bursa Securities would like to advise investors to exercise caution and to make informed decisions in the trading of Naim Indah Corp shares,” it said.

Bursa Malaysia FY11 net profit RM146m, up 29% from 2010

by Joseph Chin of theedgemalaysia.com on Thursday, 09 February 2012 05:51
KUALA LUMPUR: Bursa Malaysia Bhd earnings rose 29% to RM146.16 million for FY ended Dec 31, 2011 from RM113.04 million in 2010 and expects market volatility is expected to persist in 2012 unless there is more clarity on how the global economy will pan out.

The stock exchange operator said on Thursday its revenue increased 16.3% to RM420.14 million from RM361.05 million.

It proposed a final dividend of 13 sen per share for the year under review, which was a distribution of 95% of its net profit.

For the fourth quarter, its earnings rose 5.2% to RM31.33 million from RM29.78 million. Revenue slipped 6.1% to RM95.67 million from RM101.91 million. Earnings per share were 5.90 sen compared with 5.60 sen.

Commenting on the FY2011 financial performance, its chief executive officer DatukTajuddin Atan said Bursa Malaysia delivered a good set of results despite the difficult conditions in 2011, which was a challenging year for markets around the globe.

“But we delivered a good set of results despite the difficult conditions and this demonstrates the tenacity and resilience of our market in times of uncertainty.

“Our securities and derivatives markets recorded improvements in trading volume as a result of increased participation by both foreign and local investors. This helped us achieve a 15% growth in operating revenue to RM381.3 million from RM331.3 million in 2010,” he said.

On the outlook, Tajuddin said for 2012 the Malaysian economy was expected to remain resilient due to its strong fundamentals, robust domestic demand as well as the government’s ongoing economic reform initiatives.

He added the divestment of assets by some government-linked companies would further contribute to the liquidity and vibrancy of the market.

He expected Bursa Malaysia’s derivatives business to benefit from increased risk management activities brought about by the global economic uncertainty.

“On our part, we aim to further liberalise access to the market, while launching new products to give investors greater options for trading. Overall, we expect our 2012 financial performance to at least mirror that of, if not better than, 2011,” Tajuddin said.

Khazanah, PNB told to dispose non-core assets

The Bumiputera Agenda Action Council meeting has decided to ask Khazanah and Permodalan Nasional Bhd (PNB) to dispose of non-core assets to Bumiputera firms through an open tender process. So far, five companies from Khazanah and five from PNB had been identified for this purpose, said Prime Minister Datuk Seri Najib Tun Razak who chaired the meeting today. — Bernama

Financial results:
BURSA

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