Tuesday, November 3, 2009

From BCRX to SUPERMX, LVS to Genting Singapore and the Green Packet rise, I will take a breather for now see my final post for the year and website for details on how to follow me but I will keep my Cbox alive!!!

Hi Everyone,

This will be my last blog posted here for now as I am moving onwards and upwards as I need to focus on my website (http://www.asmglobalventures.com) Sorry, no time for me to blog anymore, but I will keep this blog alive and will resurface at some point, it still can be found on my website, I also will be adding occasional information of importance on my venture capital and private equity blog site (http://www.iinvestcapital.blogspot.com)

You can still see my twitter updates on this blog if you scroll down as I will be posting daily tweets, my twitter is http://www.twitter.com/asmventures
I advise everyone to join twitter, easy to get short blurbs of relevant information.

I am now focused now on the green and clean technology companies I am currently working on, among others, as the projects are piling up and in addition to managing client's funds in the stock markets, this blog was just for fun and informational purposes, but I hope people followed my advice. For the most part money was made!
I hope people took my advice on China Solar (HK:155) which I recommended at the .09 to .10 range. Sold out at .18 recently for a nice 80% gain. My fund's clients were very happy with that one!!

To keep up with what I am doing in the stock markets and on the private side I invite you all to fill out the enquiry form on my website, go to 'contact us' link on http://www.asmglobalventures.com

I will not spam you with daily emails but that will give you access to me, and I will email you when there is something worthwhile. Drop me a line and I will answer. You will probably have to email me to remind me to tell you what I am up to! I am accessible on yahoo messenger, and you will have that if you email me.

I hope people followed my great success with gaming stocks, especially Las Vegas Sands, MGM and Genting, Genting Singapore which I blogged over and over and I hope my advice was helpful..

I hope everyone bought Green Packet and held the rights offering (huge winner!!) As well as riding the rest of the Wimax space, Ytle and Redtone when the sector was moving.

In conclusion, taking a quick trip through memory lane going back in time to when I started this blog, and my conviction in the correlation between swine flu stocks and the need for rubber gloves, and latex, and the stocks that were related in Malaysia, and overseas, I wonder what the percentage return would be on the list of stocks I recommended? This was my post if anyone took my advice I would love to hear from you ;) Hope you made lots of money for waiting patiently for most of these stocks to rise...

http://asmventures.blogspot.com/2009/06/novartis-ag-and-race-against-vaccine.html

This is a repost of a blog from back June 6th 2009:

START(Keeping an eye on the rubber/H1N1 related stocks on the Bursa..
Recommended June 2009:

Supermx
Adventa
Kossan
Harta
Topglov
Latexx

Stocks related to flu and others: Companies working on vaccines:

Novartis
Sanofi-Aventis
GalaxoSmithKline
Solvay
Baxter

Smaller companies with multi-directional speculative moves based on the H1N1 flu, virus, etc...

NNVC
NVAX
SVA
BCRX
AVII
CVM
GNBT
VIVO
VICL
PURE

Be careful here as recent moves have already occurred and could be priced in to the current levels so look for re-tracement unless you are buying long term!!!) END

I am not going to even think about calculating returns, it does not really matter but I think my track record looks quite impressive for the most part. I express myself quite simply when I blog as it might not be as professional as the others, it is the information that counts. I am not a blogger, I am a financier and stock trader so I might as well focus on what I do best. So that is where I will concentrate my efforts. I will be in touch on other blogs cbox from time to time as asmventures (started as spin2win) so look out for me. Special thanks to http://www.cpteh.blogspot.com and http://www.sensecents.blogspot among the other blogs that used my information and kept in touch, you will most likely see me visit your blog with a comment. I will keep this blog alive even though I will not be posting regularly, I am more then happy to add more blogs that are informative to mine, and followers as I get to know them. You can also find me almost daily on twitter at http://www.twitter.com/asmventures

So I bid you farewell, you know where to find me!!!

Good Luck and Happy Trading and remember in life sometimes you have to ROLL THE BONES!!! Life is a risk, if you never take any you never will live life to the fullest....

Over and out....

Monday, November 2, 2009

Dendreon files in U.S. for prostate cancer vaccine

DNDN up 5% at the open... recommended this biotech months ago starting to prove itself, this stock is a winner!!!!

Maxis IPO update

Green Packet to pause before resuming rebound

Nope.... Green Packet stock is up and keeps going higher.... Go Green!!!

Adventa may continue to consolidate gains

Supermax may stage follow-through rebound

I hope so... I went back into rubber stocks today, buying on weakness SuperMax, Adventa, and Latexx. At the last hour of trading selling was absorbed and other rubber stocks TopGlove, Kossan, and Harta turned positive this is a good sign. Another reason is the fact the three pharmaceuticals stocks in China went limit up of 10% today that are swine flu related. You can read about it here http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&NewsID=28443

Here is the paragraph about it if you want a quick answer but there is only two:

Biopharmaceutical stocks also ended higher. Shenzhen Neptunus Bioengineering Co Ltd<000078> surged by the daily limit of 10% to RMB 20.35. Hualan Biological Engineering Inc<002007> jumped 10% to RMB 68.19.

Good luck if you did the same!!

Las Vegas Sands Shares Rose 6.2% Following Hong Kong IPO Approval (LVS)

DJ MARKET TALK: Lityan +23.0%; New Proj Hopes Post Restructuring

0225 GMT [Dow Jones] Lityan Holdings (9075.KU) +23.0% at MYR2.14 on heavy volume of 9.84 million shares changing hands on hopes company is close to securing sizable government contract. "There are no details on the contract but people are buying on that expectation," said dealer with local brokerage. Company officials couldn't be immediately reached for comments but Lityan said last Friday eyeing MYR4.0 billion project including slice of Telekom Malaysia's (4863.KU) MYR11.0 billion HSBB (highspeed broadband) project, set for rollout over next 10 years. Lityan, which was re-listed last Friday, regularize its financial condition after internal restructuring exercise, debt restructuring and special issue of 31.5 million new shares to the pilgrim"s fund or Lembaga Tabung Haji. Pilgrim fund now substantial shareholder with 56% stake. Stock also supported by undemanding valuations; dealer notes company trading at less than 10X price earnings; tips immediate resistance at intraday high of MYR2.25.


Dow Jones Newswires

November 01, 2009 21:25 ET (02:25 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: KLCI Down 0.7% Led By Finance Stks; 1230 Support

0126 GMT [Dow Jones] KLCI down 0.7% at 1234.90, after opening gap down, taking cues from weak regional markets, says dealer with local brokerage; notes finance stocks lead declines (with subindex down 0.8%). Adds support at 1230 likely to hold. Market breadth negative with losers outpacing gainers 202 to 28 with thin volume of 57 million shares traded. "While long-term trend indicators are still positive and pointing further upside, the benchmark index may undergo further consolidation this week due to externalities," says TA Research; advises investos to Buy on weakness, with focus on property, oil & gas, technology, glove and gaming sectors. Among banking stocks, CIMB (1023.KU) down 1.3% at MYR12.32, Hong Leong Bank (5819.KU) down 0.8% at MYR7.43, AMMB (1015.KU) down 2.3% at MYR4.62. Other decliners include Bursa (1818.KU) which eased 0.7% at MYR8.10, Sime Darby (4197.KU) shed 0.6% at MYR8.84 and Genting (3182.KU) dropped 1.0% at MYR7.17. (ECH)


Dow Jones Newswires

November 01, 2009 20:26 ET (01:26 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ Malaysia's Maxis To Return To Bourse With IPO

KUALA LUMPUR (AFP)--Maxis, Malaysia's top mobile operator, is set to receive a warm welcome back to the bourse this month in an IPO worth around $3.43 billion, billed as the biggest in Southeast Asian history.
Maxis Berhad, controlled by reclusive Malaysian tycoon Ananda Krishnan and Saudi Telecom, is launching the initial public offering on Bursa Malaysia two years after it was taken private and delisted.
It is offering 2.25 billion, or 30%, of its shares at an indicative price of 5.20 ringgit ($1.52) which would raise MYR11.7 billion. Most of the shares will go to institutional investors.
Parent company Maxis Communications is expected to deploy the proceeds of the sale, slated for Nov. 19, on funding expansion in the booming Indian and Indonesian markets, and to reduce debt.
Economic pundits are upbeat about the listing despite the uncertain global economic outlook that has soured other recent share offerings in the region, but warn that the market remained unpredictable.
Yeah Kim Leng, chief economist with ratings agency RAM Holdings, said that Maxis' dominant position in the domestic telecoms industry had triggered an early rush to collect application forms.
"Investors can smile. The listing is likely to be successful," he told AFP, but said there were unlikely to be any hefty immediate profits.
"The market is very volatile. It is not a sure bet. But the sentiment is strong for Maxis," he said.
The listing includes only Maxis' Malaysian mobile business and excludes its ventures in India and Indonesia which remain under Maxis Communications, the unlisted parent company.
Alliance Research said Maxis remains the leading mobile operator in Malaysia in both the prepaid and postpaid segments with some 11.4 million subscriptions as at end of the first half of 2009.
Its postpaid segment commands a huge 46.4% of the local market share, but Alliance said the business had "limited growth prospects, without overseas operations."
"The new listed entity will be without its overseas operations which could offer robust growth potential going forward. Investors are left with domestic operations, in which mobile business faces limited growth," it said.
Nazir Razak, group chief executive of CIMB which is the principal adviser for the listing exercise, has said the IPO will be the biggest in Southeast Asian history.
He has defended the company's growth prospects, saying there is still plenty of potential for the group's broadband and data segments in Malaysia and that SIM card penetration is also predicted to grow.
Ananda Krishnan owns a 45% stake in Maxis Communications, while Saudi Telecom owns 25% and the remainder is held by local funds.
Apart from Maxis, Ananda--ranked by Forbes magazine as Malaysia's second-richest man--has interests in the country's pay TV operator Astro, gaming and power firm Tanjong and satellite services company Measat.

Dow Jones Newswires

October 31, 2009 23:13 ET (03:13 GMT)

Sunday, November 1, 2009

Las Vegas Sands Corp Q3 2009 Earnings Call Transcript

Look to pick up (LVS) Las Vegas Sands on weakness, as the markets sold off after rising, going to be trading in a range here....

Still going to be buying rubber stocks, gaming stocks, on dips... The earnings will be there, buy on fear and sell the fact!!!

-Roll the bones.....

Scomi inks global distribution deal with Artevea

Thursday, October 29, 2009

DJ HK Shares End Down;Track Sharp Declines In China,Wall Street

HONG KONG (Dow Jones)--Hong Kong shares ended lower for the third straight session Thursday following sharp declines in China's equity markets and Wall Street's fall overnight, with blue-chip energy producers leading the fall after PetroChina's disappointing quarterly results.

The Hang Seng Index fell 496.59 points, or 2.3%, to 21,264.99 after trading between 21,134.33 and 21,346.55 during the session. The index has lost 5.9% since Friday.

Turnover totaled HK$80.81 billion, up from HK$68.97 billion Wednesday.

Analysts said they expect trading on the city's benchmark index to remain volatile in coming sessions because of uncertainties over the pace of the global economic recovery.

They said third-quarter U.S. economic data to be issued later Thursday will be key to driving global investor interest in the near term.

"The disappointing earnings, such as that of PetroChina, give the true picture to the investors who may have been overly optimistic that the market rally has far outpaced the fundamentals," said Peter Lai, a director at DBS Vickers.

Chinese energy producers were among the day's biggest decliners, with the heavy selling fueled by weaker-than-expected third quarter results from PetroChina as well as a decline in crude oil prices.

At 0350 GMT, U.S. crude oil futures for December delivery fell 16 U.S. cents to US$77.30 a barrel, after settling down US$2.09 at US$77.46 in New York overnight, due in part to a stronger U.S. dollar.

PetroChina fell 4.0% to HK$9.55 after it reported Wednesday its third-quarter net profit fell 23% from a year earlier to CNY30.85 billion.

Among the other energy companies, offshore oil producer Cnooc was down 4.5% at HK$11.50, and Sinopec fell 1.3% to HK$6.63.

Declines in overseas markets also contributed to the Hang Seng Index's continued weakness. The Dow Jones Industrial Average closed down 1.21% Wednesday at 9762.69, and the Shanghai Composite Index shed 2.3% Thursday to close at 2960.47.

Analysts said they expect the Hong Kong stock market to track further losses in regional markets in the near term.

"Government policy direction in both China and the U.S. may have switched from loosening to neutral and as such we expect further declines coming up in the equity markets," said Mark To, associate director at Prudential Brokerage.

Hong Kong-listed Chinese lenders also fell sharply amid concerns Beijing will make a push to further curb personal loan growth.

ICBC was down 2.7% at HK$6.08, Bank of China fell 2.7% to HK$4.33, and China Construction Bank was 2.4% lower at HK$6.61.



Dow Jones Newswires

October 29, 2009 04:46 ET (08:46 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: OSK Values Maxis At MYR5.30-MYR5.80/Share

[Dow Jones] STOCK CALL: OSK Research values soon-to-be-listed Maxis at equity value of MYR39.8 billion to MYR43.5 billion, implying fair value of MYR5.30 to MYR5.80/share. Valuation translates into 14.8X-16.2X CY10 EPS and supported by OSK's DCF valuation of MYR5.80. Advises investors to subscribe to offer in view of company's strong fundamental execution, superior EBITDA margin and robust prospective dividends going forward. "While deprived of the longer term growth story with the overseas assets hived off, Maxis is a core holding for exposure to Malaysia's mobile telecoms," says analyst Jeffrey Tan. Notes also, institutional investors would have strategic exposure to an index-linked heavyweight with sound liquidity profile in Maxis.


Dow Jones Newswires

October 29, 2009 02:14 ET (06:14 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ Proton Sees Opportunities For High End Partner -Report

KUALA LUMPUR (Dow Jones)--Malaysia's state-owned car maker Proton Holdings Bhd. (5304.KU) sees opportunities for a possible tie-up with a strategic partner that makes luxury passenger vehicles with engine capacity of 1.8 liters and above, the Star reported Thursday.

The government announced Wednesday that it would lift a freeze on manufacturing licenses for cars with engine capacity of 1.8-liters and above as part of its national auto policy. The policy also called for the setting up of a strategic partnership between Proton and a globally established original equipment maker to enhance the national car maker's competitiveness.

Proton's Managing Director Syed Zainal Abidin was quoted by the daily as saying that the car maker was in no rush to find a partner.

Newspaper Web site: http://www.thestar.com.my

Dow Jones Newswires

October 28, 2009 20:32 ET (00:32 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ UPDATE: Indonesia Mkts Hit, Foreigners Sell;Stocks Down 4.9%

JAKARTA (Dow Jones)--Indonesian markets were hit with a second day of selling Thursday as foreign investors used a general climate of risk aversion to sell into the strong gains made by stocks in recent months.

The Indonesia Stock Exchange's main index was recently down 4.9% at 2238.207 points, its lowest intraday level since July, adding to a 2.9% decline made Wednesday. The rupiah was also under pressure with the U.S. dollar at IDR9,700, up from IDR9,690 late Wednesday but limited by suspected central bank selling of the greenback.

Share trading volume was moderate at IDR2.2 trillion so far, with foreigners net sellers of IDR115 billion. They were net sellers of IDR167 billion Wednesday with analysts estimating foreign investors had sold a net IDR3 trillion or so over the previous 13 sessions.

"The selloff shows that some investors, mostly foreigners, are switching their portfolios from high-risk assets in emerging markets to international bonds in the U.S.," said Adrian Rusmana, a director at Sucorinvest Securities.

Some traders, however, said the correction was warranted and healthy, with the main index still up 66% since start of the year. Traders put near-term support for the index at 2200 points.

Investors - both domestic and foreign - have been bidding up Indonesian assets this year amid a general climate of optimism on the domestic demand-led economy and relative political stability under the government of President Susilo Bambang Yudhoyono, who has pledged to push ahead with reforms in his second term.

Standard & Poor's on Friday raised its outlook on Indonesia's sovereign rating to positive from stable, while bond giant Pimco said the country could regain investment-grade status in three to five years.

But given the pace of the gains, some pullback was warranted, traders said. "I think selling pressure will continue at least until next week, when the central bank will meet to decide its interest rate policy," said Rifki Isnaini Hassan, a fund manager at Andalan Artha Advisindo.

Some traders said a weaker rupiah was also spurring selling in stocks, given the view - albeit at the margin - it could provide some leeway for the central bank to raise interest rates soon.

Stocks with some sensitivity to rupiah declines, like banks and automotive companies, were leading the decliners Thursday. Bank Mandiri, the nation's largest bank by assets, fell 5.0% to IDR4,300, while Bank Rakyat dropped 6.2% to IDR6,850 and car distributor Astra International lost 5.8% to IDR30,100.

Coal miner Bumi Resources dropped 8.3% to IDR2,200 on concerns over its high U.S. dollar debt.

Currency market traders said Bank Indonesia was suspected of having sold around $30 million in the market to support the rupiah. The domestic currency's decline brought it back to the level where it was at the start of the month, but the local unit is still 12% higher than its 2008 close, making it one of the best performers among regional currencies.

Analysts at Singapore's OCBC were tipping the U.S. dollar in a range of IDR9,600 to IDR9,800 Thursday.

Government bonds were weakening amid the general decline in Indonesian assets, with yields higher across the curve in thin trade. The FR30 seven-year government bond yield was at a bid/ask spread of 10.10%-10.05%, from 9.7487% late Wednesday.

Dow Jones Newswires

October 29, 2009 00:08 ET (04:08 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

Swine flu prompts hundreds of schools to close

Redtone on track to meet East M'sia WiMAX rollout target

DJ MARKET TALK: Maxis IPO May Raise As Much As MYR11.7 Billion

[Dow Jones] Main Board bound Maxis, largest IPO in South East Asian history, may raise as much as MYR11.7 billion in proceeds based on indicative share price of MYR5.20. Final IPO price will be equal to the lower of IPO price of MYR5.20/share and 95% of institutional price to be determined by way of bookbuilding. "It will certainly be the largest IPO in Asia Pacific, certainly the largest telco IPO in the region and the largest IPO in South East Asia ever," says CIMB's group chief executive Nazir Razak, according to The Malaysian Reserve. Market capitalization at MYR5.20 would be MYR39.0 billion, positioning Maxis among top 5 largest listed companies in Malaysia in terms of market capitalization. "Funds that track the KLCI will need to include Maxis in their portfolio. This, in itself, will lend some support to share price," says one analyst. Maxis slated for listing on November 19.


Dow Jones Newswires

October 28, 2009 21:21 ET (01:21 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

HIGHER DIVIDEND FOR SUPERMAX SHAREHOLDERS

Novavax, Xcellerex double-team H1N1

Wednesday, October 28, 2009

DJ MARKET TALK: Muar Ban Lee +23.1% On Debut; Good Timing- Dealer

0140 GMT [Dow Jones] NEW LISTING: Muar Ban Lee (5152.KU) +23.1% at 80 sen on Main Board debut; most active with 30.2 million shares traded. Healthy premium to IPO price of 65 sen unsurprising as stock attracted strong subscription rate of 36X, says dealer. "Investors are banking on the company making headway into Central and South American markets. The listing has also come at a good time as investors will be able to cash-in on efforts made by a number of plantation companies to expand their businesses beyond local shores," says one dealer. Stock may drift within 75 sen-85 sen range for rest of day. (VGB)


Dow Jones Newswires

October 27, 2009 21:40 ET (01:40 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ Malaysia Fines Three Wimax Licensees - Report

KUALA LUMPUR (Dow Jones)--The Malaysian Communications and Multimedia Commission has slapped fines on three of four Wimax licensees for not rolling out their networks in time, the Star reported Wednesday.

The daily, citing unnamed sources, named the three players as YTL e-Solutions Bhd (0009.KU), which was fined 1.9 million ringgit ($558.8 million); unlisted AsiaSpace Bhd, fined MYR1.7 million; and REDtone International Bhd (0032.KU), MYR200,000.

According to the daily, the players are appealing against the fines.

WiMAX, or Worldwide Interoperability for Microwave Access, is a telecommunications technology that provides wireless transmission of data.

Dow Jones Newswires

October 27, 2009 19:30 ET (23:30 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: Wimax Plays May Fall; Licensees Fined -Rprt

[Dow Jones] Shares of Malaysian listed Wimax players may face selling pressure following imposition of fines by authorities for failure to roll out their respective networks on time, says dealer. According to The Star report, citing unnamed sources, Malaysian Communications and Multimedia Commission fined YTL e-Solutions (0009.KU) MYR1.9 million, Redtone International (0032.KU), MYR200,000 and unlisted AsiaSpace MYR1.7 million. "The failure of these companies in rolling out their services does not come as a big surprise. Government officials had voiced-out their dissatisfaction over the slow progress over the last few months. The bigger concern now is if MCMC will withdraw the licenses if these delays are prolonged," says dealer. YTL e-Solutions ended +7.0% at 68.5 sen, Redtone ended +18.8% at 28.5 sen.




Dow Jones Newswires

October 27, 2009 20:22 ET (00:22 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc

Monday, October 26, 2009

DJ AirAsia Carries 3.6 Mln Passengers In Jul-Sep, Up 19% On Yr

KUALA LUMPUR (Dow Jones)--Malaysian low cost-carrier AirAsia Bhd (5099.KU) said Monday it carried 19% more passengers in the July-September quarter than a year earlier.

In a statement, the airline said it carried 3.6 million passengers against 3.0 million a year earlier.

It said its seat load factor remained unchanged at 75.4% because it added 13% more capacity, as measured by available seat kilometers, following the increased number of aircraft in its fleet.

AirAsia took delivery of one Airbus A320 aircraft and its associates--Thai AirAsia and Indonesia AirAsia--took delivery of three Airbus A320 aircraft during the quarter.

At the end of September, the airline had 48 aircraft, up from 46 a year earlier.



- By Elffie Chew, Dow Jones Newswires; (603) 2026 1233; elffie.chew@dowjones.com

Dow Jones Newswires

October 26, 2009 01:20 ET (05:20 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: CIMB Keeps Overweight On KLCI;2010 Target At 1400

[Dow Jones] CIMB retains overweight rating on Malaysia equities, keeps 2010 year-end target of 1400 for KLCI. Says Budget 2010 still managed to disappoint despite low expectations with Malaysia's 11-12 years of budget deficits, strong year-to-date stock market performance and low likelihood major election will be called next year. "While the 1 percentage point cut in the top tax rate for individuals to 26% is reason for the investment community to rejoice, investors will be disheartened by the levying of a 5% real property gains tax (RPGT) and the absence of a corporate tax cut," says analyst. Thinks budget is responsible and prudent "that builds the foundations for the longer-term health of the economy and stock market." KLCI down 0.4% at 1262.08.


Dow Jones Newswires

October 26, 2009 02:39 ET (06:39 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: Malaysia Wireless Broadband Outlook Positive - CS

Dow Jones] Malaysian telecoms sector likely to benefit from individual tax relief of up to MYR500 on broadband subscription fees for 2010-12, says Credit Suisse. Says government cited need to boost broadband penetration from 25% currently compared to 95% in Korea, 88% in Singapore, 64% in Japan, 60% in U.S. "We are bullish on the prospects for wireless broadband growth in Malaysia; there is a 16 million base of internet users but only 2.35 million broadband users, implying attractive potential to convert the rest to broadband speeds." Adds, wireless broadband already proving to be a key growth driver for Malaysian cellular industry, contributed 5% of Axiata's (6888.KU) Celcom's revenues in 2Q09; "management expects this to rise to 15% in the next two-three years." Notes Celcom had 420,000 wireless broadband (HSDPA) subscribers as of mid-2009. Axiata last down 1.7% at MYR2.95.

Dow Jones Newswires

October 25, 2009 22:07 ET (02:07 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: M'sia Property Stks May Slip On 5% Ppty Gains

[Dow Jones] Malaysia property stocks likely to face selling pressure on government move to impose 5% Real Property Gains Tax effective Jan. 1, 2010, say dealers. "In particular, residential housing developers may face the brunt of the selling as the appetite for new launches may be marginally affected," says one dealer. Typically, investors purchase residential properties at launch and flip the property in secondary market for substantial premium. Real property gains tax were exempted from Apr. 1, 2007 to support flagging sales. Among stocks which may be affected are Mah Sing (8583.KU), SP Setia (8664.KU), IJM Land (5215.KU), Eastern & Oriental (3417.KU), Hunza Properties (5018.KU), Sunrise (6165.KU) and IGB Corp (1597.KU.


Dow Jones Newswires

October 25, 2009 20:02 ET (00:02 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

Thursday, October 22, 2009

Harta dividend

5168 HARTA HARTALEGA HOLDINGS BHD
RECTIFICATION TO DIVIDEND

HARTALEGA HOLDINGS BERHAD (Hartalega or Company)
RECTIFICATION TO THE FIRST INTERIM DIVIDEND PAID ON 7 JANUARY 2009 AND
ADDITIONAL PAYMENT OF 0.5 SEN PER SHARE TO ALL THE ENTITLED SHAREHOLDERS OF THE
FIRST INTERIM DIVIDEND AS AT 15 DECEMBER 2008
WHEREAS:-
(1) Reference is made to the Companys announcement on 14 November 2008 in
respect to the declaration of First Interim Dividend of 2 sen per share less
25% income tax and 2 sen per share tax exempt for the financial year ending 31
March 2009 which was paid on 7 January 2009 to all the shareholders registered
in the Companys books at the close of business on 15 December 2008.
(2) However, due to a change in the tax legislation, it was ascertained that
the franked dividend which had been paid to Hartalega by its subsidiary company
on 29 December 2008 could not be credited to Hartalegas 108 account. Therefore,
Hartalega did not have sufficient tax credits to frank the dividend from its
108 account. Therefore, to rectify this situation, there has been a
recommendation to replace the franked dividend with a Tax Exempt dividend.
(3) The Board of Directors of Hartalega has unanimously decided to rectify the
First Interim Dividend payment from 2 sen per share less 25% income tax and 2
sen per share tax exempt for the financial year ended 31 March 2009 to 2 sen
per share single tier and 2 sen per share tax exempt and to pay the differences
of 0.5 sen per share to all the shareholders of the Company as appeared in the
shareholders dividend entitlement listing on 15 December 2008.
Now, the Board of Directors of Hartalega wishes to announce that the First
Interim Dividend payment of the Company paid to its shareholders on 7 January
2009 be hereby rectified to 2 sen per share single tier and 2 sen per share tax
exempt from its existing dividend rate of 2 sen per share less 25% income tax
and 2 sen per share tax exempt for the financial year ended 31 March 2009 and
to pay the differences of 0.5 sen per share to all its shareholders of the
company as appeared in the shareholders first dividend entitlement listing on
15 December 2008. These differences will be paid to all the entitled
shareholders on 6 November 2009.
In relation thereto, the Board of Directors of Hartalega also wishes to advise
all the entitled shareholders of the First Interim Dividend not to claim the
Section 110 credit from the initial dividend received as the original dividend
tax voucher is now void. If any shareholders were to claim credit using the old
tax voucher, the shareholders will be penalized under Section 113(2) of the
Income Tax Act, 1967. A letter advising on such matter accompanying the payout
would be sent to all the entitled shareholders of the company as at 15 December
2008.
This announcement is dated 19 November 2009.


19/10/2009 05:19 PM

-compliments of RHB

Supermax dividend year end 5%

7106 SUPERMX SUPERMAX CORPORATION BHD
INTERIM DIVIDEND

SUPERMAX CORPORATION BERHAD ("SUPERMAX" or "THE COMPANY")
- TAX EXEMPT INTERIM DIVIDEND OF 5% FOR THE YEAR ENDING 31 DECEMBER 2009
The Board of Directors of SUPERMAX is pleased to announce that the Company has
declared a tax exempt interim dividend of 5% per ordinary share of RM0.50 for
the financial year ending 31 December 2009 payable on 18 November 2009.



-compliments of RHB

*DJ Evergreen Fibreboard Target Upped To MYR1.60 Vs MYR1.10-Hwang

DJ MARKET TALK: Maxis IPO Shrs Likely MYR4.8-MYR5.5 Each - Source

[Dow Jones] Soon-to-be-listed Maxis expected to price its IPO shares in MYR4.80-MYR5.50 range, person familiar with deal tells Dow Jones Newswires. Maxis looking to sell some 2.25 billion shares, or 30% stake IPO, would raise between MYR10.8 billion to MYR12.38 billion for 75%-stakeholder Ananda Krishnan and 25%-stakeholder Saudi Telekom (7010.SA). Price range values Maxis shares at 14.5X to 16.5X while dividend yield expected to be more than 8.0%. "The final IPO price for the retail portion will be MYR5.20 or 95% of the institutional price, whichever is lower," the person says. Telco analysts tracking the stock say indicative price is "fair" given Maxis's dominant position in the domestic market. Share subscription will begin Oct. 28, with roadshow beginning Friday; book closes on November 9, the person added.


Dow Jones Newswires

October 21, 2009 21:08 ET (01:08 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

Genting Malaysia (GEMS) subscribes for Wynn Resorts' US$15m notes

Wednesday, October 21, 2009

DJ MARKET TALK: CIMB Keeps Trading Buy On E&O; Targets MYR1.89

[Dow Jones] STOCK CALL: CIMB keeps Trading Buy on Eastern & Oriental (3417.KU) with unchanged target price of MYR1.89 based on unchanged 30% discount fully diluted RNAV of MYR2.71. "E&O remains our top pick in the property sector for its deep value and high beta," says Head of Research Terence Wong. Adds, potential rerating catalysts include greater awareness of E&O's turnaround, positive newsflow from launch of more than MYR4.0 billion worth of properties over next 2-4 years, good earnings momentum, which should lead to return to profitability in FY10, newsflow from potential JV that will help to unlock the hidden value of the group. Shares down 0.8% at MYR1.30


Dow Jones Newswires

October 20, 2009 23:07 ET (03:07 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: CS Keeps Outperform On Airasia; MYR1.80 Target

[Dow Jones] STOCK CALL: Credit Suisse keeps Outperform on AirAsia (5099.KU) with unchanged target price of MYR1.80 after low cost carrier secures more landing rights into neighboring Singapore. Says frequency of flights will increase 151% with 6 more airports now being opened up to Singapore. Notes AirAsia already operates 203 wekly flights out of Singapore. "Singapore authorities expect tourist arrivals's CAGR of 11% during 2009-15. As the largest low cost carrier (LLC) in the republic, AirAsia is in a good position to tap into the expected surge in tourist arrivals while a recent recapitalization and aircraft deferrals has placed the airline is on a firmer footing for growth," broker says. Shares flat at MYR1.36.


Dow Jones Newswires

October 20, 2009 23:50 ET (03:50 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: OSK Raises Supermax Target To MYR5.30; Keeps Buy

[Dow Jones] STOCK CALL: OSK keeps Buy on Supermax Corp (7106.KU), raises target price to MYR5.30 from MYR4.68 after revising up FY10 earnings forecast by 13%. Says company already started capacity expansion program; will ramp up annual capacity to 21.7 billion pieces in 2010 from 14.5 billion currently. Adds, Supermax also prepared for higher latex prices as efforts to enhance production efficiency bearing fruit: natural gas cost cut by 4% year-to-date, electricity cost down 6.4% year-to-date even as output climbed 12% from in FY09 to 12.1 billion pieces from FY08. Expects final dividend with special dividend in January 2010, with total dividend for FY09 coming in at more than 10%. Shares +0.6% at MYR3.62. (VGB)


Dow Jones Newswires

October 21, 2009 00:33 ET (04:33 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc

Insiders load up on SILKHLD after coming out of PN17

Check out the chart on this one!!


Monday, 19 Oct 2009

5:26PM Abdul Rahman bin Ali (9,400,000 Shares Acquired)
5:26PM Abdul Rahman bin Ali (84,600,000 Shares Acquired)

Thursday, 15 Oct 2009

7:40PM Johan Zainuddin bin Dzulkifli (37,600,000 Shares Acquired)
7:40PM Dato Mohammed Azlan bin Hashim (14,464,624 Shares Acquired)
7:40PM Johan Zainuddin bin Dzulkifli (37,600,000 Shares Acquired)
7:39PM Dato Mohammed Azlan bin Hashim (14,464,624 Shares Acquired)
7:39PM Johan Zainuddin bin Dzulkifli (14,464,624 Shares Acquired)
7:39PM Johan Zainuddin bin Dzulkifli (28,200,000 Shares Acquired)
7:39PM Johan Zainuddin bin Dzulkifli (14,464,624 Shares Acquired)
7:39PM Bijak Permai Sdn. Bhd. (37,600,000 Shares Acquired)
7:39PM Johan Zainuddin bin Dzulkifli (28,200,000 Shares Acquired)
7:39PM Infra Bumitek Sdn. Bhd. (14,464,624 Shares Acquired)
7:35PM NOTIFICATION ON DEALINGS IN SECURITIES

Wednesday, 14 Oct 2009

6:56PM REGULARISATION SCHEME

Tuesday, 13 Oct 2009

6:36PM SILKHLD - Upliftment of PN17 status
6:31PM SILKHLD-Upliftment of PN17 status
5:04PM PROPOSED REGULARISATION SCHEME
3:07PM Additional Listing Application

-compliments of RHB

3A: More details needed on potential JV

Muar Ban Lee's Public Offer Oversubscribed 35 Times

Tuesday, October 20, 2009

DJ MARKET TALK: Charts Hint Genting Plant May Rise To MYR6.43-OSK

[Dow Jones] STOCK CALL: Genting Plantations (2291.KU) mid-term technical outlook remains bullish unless support at 100-day moving average, now at MYR5.74, is violated, says OSK technical analyst Shin Kao Jack. Notes, stock has been well supported by 50-day moving average (now at MYR5.96) since March. Stock has already taken out previous high of MYR6.25 (Sept 25) and now looks poised to test resistance at MYR6.43," he says. On downside, even if support at 50-day moving average is broken, 100-day moving average should hold firm, he says. Shares +2.3% at MYR6.34.

Dow Jones Newswires

October 20, 2009 00:09 ET (04:09 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc

DJ MARKET TALK: Playing "Window Dressing" Game Rewarding -SocGen

[Dow Jones] No portfolio manager would admit that 'window dressing' is an essential part of their actions close to year-end, says Societe Generale, though house says its backtests prove that "when getting closer to year-end, playing a momentum-based strategy (going long past outperformers, shorting past under performers) has more than a 50% chance of success across the full spectrum of asset classes." Says it's highly probable, therefore, risky assets will do well by year-end. Notes test from 1994-2008 show window dressing play has "exceptionally" high, consistent rate of success in FX markets (80% chance of success, with expected return of 7.7%). Equity markets "can also be highly rewarding, with expected returns close to or higher than 5%," with highest chances of success in Europe (93%), U.K. (87%), emerging BRIC (80%). Adds, some success in fixed income, commodity markets, though with low expected return. SocGen says optimal strategy consists of buying the 20 top performers, selling the 20 worst-performers on Dec 1 every year, unwinding position on last day of December.


Dow Jones Newswires

October 19, 2009 20:31 ET (00:31 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

Monday, October 19, 2009

DJ RHB Capital: To Buy 80% Of Bank Mestika For MYR1.16B

KUALA LUMPUR (Dow Jones)--Malaysia's fourth-largest lender by assets RHB Capital Bhd (1066.KU) said Monday it will buy 80% of Indonesia's PT Bank Mestika for MYR1.16 billion.

RHB Capital said it will fund the proposed acquisition via a renounceable rights issue of 361.1 million shares at MYR3.60 per share.

The banking group's managing director Tajudddin Atan expects Bank Mestika to contribute positively to group's earnings.

"Over time, we aim to extend Bank Mestika's presence significantly throughout Indonesia, he said without elaborating.

Bank Mestika is exploring an initial public offering on the Indonesian stock exchange over the coming months.

-By Elffie Chew, Dow Jones Newswires; (603) 2026 1233;elffie.chew@dowjones.com

Dow Jones Newswires

October 18, 2009 22:42 ET (02:42 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

E&O rights issue 1:2

3417 E&O EASTERN & ORIENTAL BHD
RENOUNCEABLE RIGHTS ISSUE 1:2

Entitlement Details:
RENOUNCEABLE RIGHTS ISSUE OF UP TO RM246,892,234 NOMINAL VALUE OF TEN (10)-YEAR
8% IRREDEEMABLE CONVERTIBLE LOAN STOCKS 2009/2019 ("ICSLS 2009/2019") AT 100%
OF ITS NOMINAL VALUE AT AN ISSUE PRICE OF RM0.65 PER ICSLS 2009/2019 PAYABLE IN
FULL UPON ACCEPTANCE ON THE BASIS OF RM0.65 NOMINAL VALUE OF ICSLS 2009/2019
FOR EVERY TWO (2) EXISTINF ORDINARY STOCK UNITS OF RM1.00 EACH IN EASTERN &
ORIENTAL BERHAD ("E&O") ("E&O STOCK UNITS") HELD IN E&O AT 5.00 P.M. ON 21
OCTOBER 2009 ("RIGHTS ISSUE")


Entitlement Type: Rights Issue
Entitlement Date and Time: 21/10/2009 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 19/10/2009
To SCANS Date:
Payment Date: 09/11/2009
Interest Payment Period:
Rights Issue Price: 0.650
Trading of Rights Start On:
Trading of Rights End On:
Stock Par Value:

Share transfer book & register of members will be closed from to (both dates inclusive) for the purpose of determining the entitlements

A Depositor shall qualify for the entitlement in respect of:
- Securities transferred into the Depositor's Securities Account before 21/10/2009 04:00 PM in respect of ordinary transfers.
- Securities transferred into the Depositor's Securities Account before in respect of express transfers.
- Securities deposited into the Depositor's Securities Account before 19/10/2009 12:30 PM in respect of securities exempted from mandatory deposit.
- Securities not withdrawn from the Depositor's Securities Account as at .
- Securities bought on BMSB on a cum entitlement basis according to the Rules of the BMSB.

Registrar's Name and Contact:
Metra Management Sdn Bhd
30.02, 30th Floor, Menara Multi-Purpose
Capital Square
No 8, Jalan Munshi Abdullah
50100 Kuala Lumpur
03-2698 3232


Remarks:
The documents relating to the Rights Issue will be despatched to the entitled
stockholders of E&O on 23 October 2009 except for foreign entitled stockholders
of E&O who do not have a registered address in Malaysia as stated in the
Register of Depositors of E&O on the Entitlement Date.


Submitted By:
JOHAN HASHIM/NIK M RASHIDI


18/09/2009 05:59 PM

Dreamgate (DGATE) private placement at .169

0037 DGATE DREAMGATE CORPORATION BHD
DGATE- Private Placement of 15,000,000 new ordinary shares of RM0.10 each at

RM0.169 per share ("Placement")LISTING'S CIRCULAR NO. L/Q : 54134 OF 2009
Kindly be advised that DGATEs additional 15,000,000 new ordinary shares of
RM0.10 each to be issued pursuant to the Placement will be granted listing and
quotation with effect from 9.00 a.m., Thursday, 13 August 2009.
SNR MANAGER, ISSUERS


11/08/2009 07:32 PM


-compliments of RHB

Teoseng on the move recent insider transcations

Thursday, 24 Sep 2009

6:09PM Koperasi Permodalan Felda Berhad (37,000,000 Shares Acquired)

Thursday, 17 Sep 2009

5:44PM Bumiputera Equity Condition
4:36PM Lau Jui Peng (40,000,000 Shares Transacted)
4:36PM Lau Joo Heng (40,000,000 Shares Transacted)
4:35PM Leong Hup Management Sdn Bhd (40,000,000 Shares Transacted)
4:35PM CW Lau & Sons Sdn Bhd (40,000,000 Shares Transacted)
4:35PM Lau Joo Hong (40,000,000 Shares Transacted)
4:35PM Lau Jui Peng (40,000,000 Shares Transacted)
4:35PM Advantage Valuations Sdn Bhd (40,000,000 Shares Disposed)
4:34PM Leong Hup Holdings Berhad (40,000,000 Shares Transacted)

Thursday, 10 Sep 2009

6:07PM Leong Hup Management Sdn Bhd (3,000,000 Shares Transacted)
6:07PM Advantage Valuations Sdn Bhd (3,000,000 Shares Acquired)
6:07PM Lau Joo Heng (3,000,000 Shares Transacted)
6:07PM Lau Joo Hong (3,000,000 Shares Transacted)
6:07PM Leong Hup Holdings Berhad (3,000,000 Shares Transacted)
6:07PM Lau Jui Peng (3,000,000 Shares Transacted)
6:07PM CW Lau & Sons Sdn Bhd (3,000,000 Shares Transacted)
6:07PM Lau Jui Peng (3,000,000 Shares Transacted)

Wednesday, 9 Sep 2009

5:21PM 3rd Annual General Meeting

Wednesday, 19 Aug 2009

5:14PM 1Q net profit 5.071 million (increased 159.12%)

compliments of RHB

Carotec rights offering

0076 CAROTEC CAROTECH BHD
PROPOSED RIGHTS ISSUE

CAROTECH BERHAD ("CAROTECH" OR "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 456,144,000 NEW ORDINARY SHARES OF
RM0.10 EACH IN CAROTECH (CAROTECH SHARES) (RIGHTS SHARES) ON THE BASIS OF ONE
(1) CAROTECH SHARE FOR EVERY ONE (1) EXISTING CAROTECH SHARE HELD (PROPOSED
RIGHTS ISSUE)
We refer to the announcement dated 21 August 2009 in relation to the Proposed
Rights Issue.
On behalf of the Board of Directors of Carotech, AFFIN Investment Bank Berhad
(Affin Investment) wishes to announce that the Bursa Malaysia Securities Berhad
(Bursa Securities) had, vide its letter dated 18 September 2009 approved the
listing application for the Proposed Rights Issue subject to the following
conditions:
(a) Carotech/Affin Investment must fully comply with the relevant provisions
under the ACE Market Listing Requirements (LR) pertaining to the implementation
of the Proposed Rights Issue;
(b) Carotech/Affin Investment to furnish a certified true copy of the relevant
resolution passes by securities holders in the general meeting;
(c) Carotech/Affin Investment to inform Bursa Securities upon completion of the
Proposed Rights Issue; and
(d) Carotech/Affin Investment to furnish Bursa Securities with a written
confirmation of its compliance with the terms and conditions of Bursa
Securities approval once the Proposed Rights Issue has been implemented.
In the event the new ordinary shares to be issued pursuant to the Proposed
Rights Issue will be listed and quoted as the existing securities of the same
class, quotation of the new ordinary shares will commence on the next market
day after the following:
(i) Submission of the share certificate together with a covering letter
containing the summary of the Proposed Rights Issue to Bursa Depository Sdn Bhd
(Bursa Depository) before 10 a.m. on the market day prior to the listing date;
(ii) Receipt of confirmation from Bursa Depository that the additional new
shares are ready for crediting into the respective account holders; and
(iii) An announcement in accordance to paragraph 12.2 of GN17 is submitted via
Bursa Link before 3 p.m. on the market day prior to the listing date.
Carotech/Affin Investment is required to ensure full compliance of all the
requirements as provided under the LR at all times.
This announcement is dated 23 September 2009.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com .

Dialog share buybacks recently

Friday, 16 Oct 2009

5:55PM Employees Provident Fund Board (5,200,000 Shares Acquired)
5:53PM 230,600 shares purhased into treasury
5:53PM DEALINGS IN SECURITIES DURING CLOSED PERIOD

Thursday, 15 Oct 2009

5:52PM 300,000 shares purhased into treasury

Wednesday, 14 Oct 2009

5:41PM Employees Provident Fund Board (5,575,200 Shares Transacted)
5:39PM 1,087,700 shares purhased into treasury

Tuesday, 13 Oct 2009

5:46PM 250,000 shares purhased into treasury

Monday, 12 Oct 2009

5:57PM Employees Provident Fund Board (2,275,800 Shares Transacted)

Thursday, 8 Oct 2009

5:40PM Employees Provident Fund Board (4,740,800 Shares Transacted)

Wednesday, 7 Oct 2009

6:12PM PROPOSED SPECIAL SHARE DIVIDEND
6:12PM 200,000 shares purhased into treasury

Tuesday, 6 Oct 2009

6:07PM Employees Provident Fund Board (2,242,300 Shares Transacted)
6:05PM 137,700 shares purhased into treasury
6:04PM 1,130,000 shares purhased into treasury

Monday, 5 Oct 2009

5:50PM 750,000 shares purhased into treasury

Friday, 2 Oct 2009

6:29PM Employees Provident Fund Board (6,282,100 Shares Transacted)
6:25PM 180,000 shares purhased into treasury

Wednesday, 30 Sep 2009

5:48PM 721,000 shares purhased into treasury
5:48PM 508,000 shares purhased into treasury
5:47PM Employees Provident Fund Board (3,804,400 Shares Transacted)
5:04PM DIALOG- EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")

Tuesday, 29 Sep 2009

5:52PM 218,000 shares purhased into treasury

Monday, 28 Sep 2009

6:05PM Zainab Binti Mohd Salleh (100,000 Shares Acquired)
6:01PM 224,000 shares purhased into treasury

Friday, 25 Sep 2009

6:12PM 106,000 shares purhased into treasury


Thursday, 24 Sep 2009

6:04PM 188,500 shares purhased into treasury
6:04PM 235,000 shares purhased into treasury

Wednesday, 23 Sep 2009

5:43PM 380,000 shares purhased into treasury

Friday, 18 Sep 2009

6:00PM 188,500 shares purhased into treasury

Wednesday, 16 Sep 2009

5:41PM 1,300,000 shares purhased into treasury

-compliments of RHB

DJ MARKET TALK: MYR Strength Has Most Impact On KLCI Run-Up - UOB

[Dow Jones] KLCI may continue to rise in near term should MYR's momentum persist and amid local fund support, says UOB KayHian. Thinks MYR's strength has most impact on market run-up; notes MYR gained by over 4% (and about 10% from this year's low) vs USD in past weeks. "A rising ringgit is positive to the KLCI as it encourages more foreign participation, and a falling U.S. dollar is linked to rising risk appetite." Says beneficiaries of Stronger MYR are importers like FMCG (Fast Moving Consumer Goods) companies and, to lesser extent, auto companies. Still, broker warns interest rate cycle in Asia likely to turn up quicker than expected, following Australia's rate hike. Adds, "we do not expect any major positive measures in the coming Budget announcement this Friday, which has been pre-empted by various fiscal stimulus packages." KLCI last +0.1% at 1257.94, USD/MYR at 3.3820 vs 3.3700 Friday.

Dow Jones Newswires

October 18, 2009 21:03 ET (01:03 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc

Friday, October 16, 2009

DJ MARKET TALK: MS Lowers End-2010 USD/MYR Target To 3.20

[Dow Jones] Morgan Stanley upgrades 2010 outlook for MYR; says MYR remains moderately undervalued while its underlying macro-dynamics, balance of payments (BoP) continue to turn more favorable. Broker lowers USD/MYR end-2010 target to 3.2000 from 3.3500. Says REER analysis suggests MYR trading 0.7 standard deviation below long-term average; "SGD/MYR tends to confirm that the MYR is trading cheap to fair value (minus 2.5%, minus 9.2%, respectively)." Broker adds, Malaysia's BoP points to ongoing support for MYR in 2010; "with ongoing rebound in commodity prices, global economic recovery, we expect Malaysia's trade surplus to recover to MYR150 billion in 2010." USD/MYR last closed at 3.356.

Dow Jones Newswires

October 15, 2009 20:02 ET (00:02 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

TA Enterprise Dividend 3:5 plus 3 ICPS for every 5 shares

4898 TA TA ENTERPRISE BHD
DIVIDEND-IN SPECIE 3 : 5

Entitlement Details:
DIVIDEND-IN SPECIE BY TA ENTERPRISE BERHAD ("TAE") TO THE SHAREHOLDERS OF TAE
ON THE BASIS OF THREE (3) ORDINARY SHARES OF RM0.50 EACH IN TA GLOBAL BERHAD
TOGETHER WITH THREE (3) ICPS OF RM0.50 EACH FOR EVERY FIVE (5) EXISTING TAE
SHARES HELD AS AT 5.00 P.M ON 30 OCTOBER 2009


Entitlement Type: Others
Entitlement Date and Time: 30/10/2009 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 28/10/2009
To SCANS Date:
Payment Date:
Interest Payment Period:
Rights Issue Price: 0.000
Trading of Rights Start On:
Trading of Rights End On:
Stock Par Value:

Share transfer book & register of members will be closed from 30/10/2009 to 30/10/2009 (both dates inclusive) for the purpose of determining the entitlements

A Depositor shall qualify for the entitlement in respect of:
- Securities transferred into the Depositor's Securities Account before 30/10/2009 04:00 PM in respect of ordinary transfers.
- Securities transferred into the Depositor's Securities Account before in respect of express transfers.
- Securities deposited into the Depositor's Securities Account before in respect of securities exempted from mandatory deposit.
- Securities not withdrawn from the Depositor's Securities Account as at .
- Securities bought on BMSB on a cum entitlement basis according to the Rules of the BMSB.

Registrar's Name and Contact:
Tenaga Koperat Sdn Bhd
Level 17, The Gardens North Tower,
Mid Valley City,
Lingkaran Syed Putra,
59200 Kuala Lumpur
Tel: (603) 2264 3883


Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com .


Submitted By:
Sia Ching Hwee


15/10/2009 05:28 PM


Ref Code: 20091015EA00096

Supermx- target 6.31 year end

Supermax Corporation 3QFY09 above - Supercharged
As highlighted in our preview on Tuesday, Supermax's 3Q09 results trumped expectations due to unexpectedly strong demand, greater operating efficiency and cost control. Annualised 9M09 net profit came in 23% above our projection, even better than the 15% out performance we had predicted in our preview. The company also beat consensus numbers by 32%. The 2.5 sen tax-exempt interim dividend announced was within our expectations. We are upgrading our FY09-11 earnings by 36-47%. This pushes up our end-10 target price from RM4.28 to RM6.31, still pegged to 10.5x P/E, an unchanged 30% discount to Top Glove's target P/E, which is, in turn, based on our target market P/E of 15x. In view of the favorable outlook for the company, we retain our BUY call. Potential re-rating catalysts include these excellent results, the continuing uptick in glove demand and upcoming capacity expansion plans.

-compliments of CIMB

Proton may partner Hero to make cars in India

Top Glove to extend price hikes

Thursday, October 15, 2009

DJ MARKET TALK: OSK Keeps Buy On Top Glove; Targets MYR9.27

[Dow Jones] STOCK CALL: OSK keeps Buy rating on Top Glove (7113.KU) with MYR9.27 target price based on 15X FY11 earnings; analyst Jason Yap notes global demand for rubber gloves outpacing supply; in 2009 estimated at 140 billion pieces/year, expected to grow about 7% per year. In 2008 demand was about 130 billion pieces but there was minimal capacity expansion by rubber glove manufacturers due to the global economic slowdown. Currently, Top Glove has total capacity of 355 production lines, capable of producing 31.5 billion pieces of gloves/year. By end-2010, total annual capacity would expand by 10%, or 3.0 billion pieces, expected to help drive earnings. Shares +0.6% at MYR8.45. (VGB)

Dow Jones Newswires
October 14, 2009 21:52 ET (01:52 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc

DJ MARKET TALK: OSK Raises Supermax Target To MYR4.68; Keeps Buy

[Dow Jones] STOCK CALL: OSK Research keeps Supermax (7106.KU) at Buy; says glove maker's 3Q net profit "way above consensus" and house expectations, with its 9-month cumulative net profit making up 99% and 95% of consensus and house FY09 forecast respectively on higher sales, selling prices of gloves. Raises target to MYR4.68 from MYR3.85 after revising up FY09-10 earnings forecasts by 22%-30% given stronger-than-expected demand for rubber gloves. "Going into 4QFY09, we believe its results would still be robust, mainly because there has been minimal capacity expansion on the part of glove makers this year even as demand for gloves is anticipated to grow by about 10 billion pieces, or 7%, annually," says OSK. Shares last off 2.4% at MYR3.22 on post-results profit-taking (ECH)

Dow Jones Newswires
October 15, 2009 03:55 ET (07:55 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.

Insider selling Supermax ahead of earnings report, but Supermax has been buying back own stock

With the success of recent earnings forecasts of Top Glove, all the selling has been absorbed for SuperMax has broke out in speculation of earnings forecast due out today. Company hasw bought back stock in the near past.Should have similar success in relation to earnings.We should see some more upside, but get ready to take profits and buy on dips if you are not holding for the medium term. Top Glove absorbed mild selling after earnings forecast but buyers swooped in to absorb muild selling as the stock is thinly traded, then trending higher on large dividend to be announced. Both stocks are a buy for medium term, not contra play unless you have the risk appetite.

SUPERMX

Tuesday, 13 Oct 2009

5:22PM Lembaga Tabung Haji (300,000 Shares Disposed)

Monday, 12 Oct 2009

5:36PM Lembaga Tabung Haji (626,300 Shares Disposed)

Friday, 11 Sep 2009

7:04PM SUPERMX- EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
6:15PM Lembaga Tabung Haji (222,200 Shares Disposed)

Monday, 7 Sep 2009

5:38PM Lembaga Tabung Haji (400,000 Shares Disposed)

Friday, 4 Sep 2009

6:29PM Lembaga Tabung Haji (430,000 Shares Disposed)

Tuesday, 1 Sep 2009

5:53PM Lembaga Tabung Haji (92,700 Shares Disposed)

Friday, 28 Aug 2009

5:15PM Lembaga Tabung Haji (371,100 Shares Disposed)

Monday, 24 Aug 2009

5:17PM Lembaga Tabung Haji (400,000 Shares Disposed)

Friday, 14 Aug 2009

5:07PM Koperasi Permodalan Felda Berhad (2,000,000 Shares Disposed)
5:06PM Lembaga Tabung Haji (245,000 Shares Disposed)

Wednesday, 12 Aug 2009

5:17PM Lembaga Tabung Haji (250,000 Shares Disposed)

Friday, 7 Aug 2009

5:33PM Lembaga Tabung Haji (570,000 Shares Disposed)

Wednesday, 5 Aug 2009

5:21PM Koperasi Permodalan Felda Berhad (50,000 Shares Disposed)

Tuesday, 4 Aug 2009

5:17PM Lembaga Tabung Haji (920,000 Shares Disposed)

Thursday, 30 Jul 2009

6:16PM Lembaga Tabung Haji (360,500 Shares Disposed)

Monday, 27 Jul 2009

5:47PM Lembaga Tabung Haji (330,000 Shares Disposed)

Thursday, 23 Jul 2009

6:13PM Lembaga Tabung Haji (883,800 Shares Disposed)

Friday, 10 Jul 2009

5:21PM 1H net profit 45.490 million (increased 52.96%)

Tuesday, 23 Jun 2009

5:07PM TWELFTH ANNUAL GENERAL MEETING

Thursday, 4 Jun 2009

6:30PM Atlantis Investment Management Ltd (100,900 Shares Disposed)

Tuesday, 2 Jun 2009

11:59AM SUPERMX - NOTICE OF BOOK CLOSURE

Friday, 29 May 2009

5:34PM NOTICE OF THE TWELFTH ANNUAL GENERAL MEETING
5:33PM Final Tax Exempt Dividend of 3.5%

Friday, 22 May 2009

5:30PM PROPOSED RENEWAL OF AUTHORITY FOR THE PURCHASE OF OWN ORDINARY SHARES

Monday, 18 May 2009

5:30PM Query on the article in Financial Daily dated 13 May 2009

Friday, 8 May 2009

5:12PM 1Q net profit 19.707 million (increased 21.54%)

Thursday, 30 Apr 2009

7:32PM Query on the article in Nanyang Siang Pau dated 29 April 2009

Thursday, 5 Mar 2009

5:57PM Dato' Ting Heng Peng (17,100 Shares Transferred)
5:56PM Notification under Paragraph 14.09 of the LR on Dealings in Securities

Tuesday, 24 Feb 2009

5:07PM Financial year end net profit 46.505 million (decreased 16.88%)

Wednesday, 4 Feb 2009

6:14PM Appointment of Rashid Bin Bakar As Member of Aud Com
6:14PM Resignation of Dato' Seri Thai Kim Sim As Member of Aud Com

Friday, 9 Jan 2009

6:00PM IMPAIRMENT OF INVESTMENT IN APL INDUSTRIES BERHAD

Monday, 5 Jan 2009

5:30PM 1,775,900 shares purhased into treasury

Wednesday, 31 Dec 2008

6:08PM 842,000 shares purhased into treasury

Tuesday, 23 Dec 2008

5:49PM 688,000 shares purhased into treasury

Monday, 22 Dec 2008

5:38PM 245,900 shares purhased into treasury

Tuesday, 9 Dec 2008

5:33PM 211,000 shares purhased into treasury

Monday, 1 Dec 2008

7:14PM SUPERMX - NOTICE OF BOOK CLOSURE

Thursday, 27 Nov 2008

5:28PM Nine-month net profit 45.008 million (increased 10.24%)
5:24PM Interim Dividend of 3.0% T.E.

Monday, 24 Nov 2008

6:22PM 211,000 shares purhased into treasury

Friday, 21 Nov 2008

6:13PM 217,000 shares purhased into treasury

Friday, 14 Nov 2008

5:48PM Lembaga Tabung Haji (100,000 Shares Acquired)

Tuesday, 11 Nov 2008

6:20PM INTENTION TO DEAL IN SECURITIES OF THE COMPANY DURING THE CLOSED PERIOD

Friday, 7 Nov 2008

5:57PM Lembaga Tabung Haji (105,000 Shares Acquired)
5:53PM 243,000 shares purhased into treasury

Wednesday, 5 Nov 2008

5:53PM 217,000 shares purhased into treasury

Monday, 3 Nov 2008

6:08PM 29,000 shares purhased into treasury

compliments of RHB

P1 WIMAX ATTRIBUTES SUCCESS TO GREEN PACKET

P1 WIMAX ATTRIBUTES SUCCESS TO GREEN PACKET

2009-8-28
Green Packet Media Center

New Case Study Highlights Green Packet’s Role in P1’s Successful WiMAX Rollout as P1 Celebrates One Year Anniversary

28 August, 2009, Kuala Lumpur – Green Packet Berhad (Green Packet), a leading developer of next generation mobile broadband and networking solutions, announced today the release of a new case study detailing its integral role in the successful rollout of WiMAX in Malaysia by Packet One Networks (P1).

In August 2008, P1 rolled out Malaysia’s and Southeast Asia’s first large scale 802.16e 2.3GHz commercial WiMAX deployment. In just twelve short months it has acquired over 80,000 subscribers and is maintaining a respectable ARPU (Average Revenue per User) of above US$26 (RM93).

P1 attributes part of its success to the technology and R&D strength of its partner, Green Packet, who supplied a host of stylish and user-friendly plug-and-play fixed and mobile devices and connectivity solutions.

The case study explains how Green Packet rose to the challenge to provide products and solutions which not only accelerated P1’s launch preparedness but continues to help it gain traction in the marketplace.
Some of the highlights include:

B est-in-class WiMAX Modems with high aesthetic value
Connectivity solutions that improve the subscriber’s experience
Over-the-air update mechanisms
Dynamic coverage information assisting sales growth initiatives

“The P1 case study illustrates the strength of our technology and R&D and our ability to pro vide world-class products and solutions to fit our clients’ needs,” said Kelvin Lee, Senior General Manager of Green Packet . “We are also very proud of the fact that these are delivered with the highest level of customer service.”

Michael Lai, P1’s CEO advocates the importance of WiMAX DNA (Device, Network, and Applications). “We were one of only four companies to acquire WiMAX licenses in Malaysia and it was our aim to be the first to launch. When we were setting up, WiMAX devices on the 2.3GHz spectrum band were practically non-existent. However, we had the advantage to leverage on Green Packet’s technology and R&D strength as it was already supplying wireless connectivity products and solutions for the international market. Barely 17 months into operations, P1 launched commercial services with the go-to-market brand of P1 W1MAX and the competition was nowhere in sight!”

The Green Packet ‘P1 Case Study” can be found at www.greenpacket.com

About Green Packet:

Green Packet Berhad was founded in the Silicon Valley and has offices in eight markets worldwide. In 2000, Green Packet established its R&D and marketing centre in strategically located Malaysia. Today, it is headquartered near Kuala Lumpur and listed on the Main Board of the Malaysian Bourse with over 630 employees. A leading developer of Next Generation Mobile Broadband and Networking Solutions, Green Packet’s mission is to provide a seamless and unified platform for the delivery of user-centric multimedia communications and services regardless of the nature and availability of backbone infrastructures.

Green Packet has two key business pillars: Products & Solutions and Converged Communications Services. For more information, visit: www.greenpacket.com


About Green Packet Products & Solutions:

Green Packet’s WiMAX CPEs delivers best-in-class performance and quality, wrapped in distinctive designs which have proven to be popular among Telcos and consumers alike. The complete range includes indoor (D-series), outdoor (O-series) and USB dongle (U-series) modems, is Plug ‘n’ Play and caters for the 3.5GHz as well as the 2.3GHz and 2.5GHz frequency bandwidth. Technology Marketing Corporation (TMC) had recently awarded Green Packet with two WiMAX Distinction Awards for its D-series and the U-series modems, affirming the Company’s commitment to innovation in the WiMAX space.

Green Packet’s ICMP is the industry’s leading intelligent connection management solution. Aside from its seamless mobility feature, it offers operators an end-to-end solution designed to converge connection management, communication services and entertainment within a single client. It is designed to simplify and enrich the connectivity experience of users while giving operators the opportunity to increase ARPU.

For more information about this media release, please contact:

Sales & Marketing Contact
Carol Koh
Director, Global Marketing
Green Packet Berhad
T +603 7450 8888 ext 8379
E carol.koh@greenpacket.com


Copyright © 2001-2008 Green Packet All Rights Reserved.

Top Glove target 10.55

Top Glove Corporation – In glowing health. At
yesterday's FY09 results briefing, Top Glove dwelt on
its strongest earnings ever, its plans and the industry
outlook. Management’s comments were in line with our
expectations. The 54% yoy jump in the company’s
bottomline resulted from an 11% rise in revenue from
strong demand, better cost control as well as favourable
latex and US$ movements compared to the previous year.
Top Glove is confident that the global demand for rubber
gloves will continue to grow at an average 8-10% per
annum. Management indicated that it is prepared to
expand further should the need arise. We continue to
give the thumbs-up to this volume player which also
boasts strong finances. We retain our earnings
forecasts, BUY call and end-CY10 target price of
RM10.55, which we continue to peg to our target market
P/E of 15x. Potential re-rating catalysts include the
continuing uptick in demand and ongoing capacity
expansion

compliments of CIMB Berhad

More insider transactions on Green Packet

Green Packet is on a tear... finally paying off to hold this stock longer term... here are more insider transactions


Wednesday, 14 Oct 2009

6:13PM Green Packet Holdings Ltd (83,577,722 Shares Transacted)
6:13PM Puan Chan Cheong (84,819,487 Shares Transacted)
6:13PM Tan Sri Dato' Kok Onn (83,577,722 Shares Transacted)
6:13PM Tan Sri Dato' Kok Onn (83,577,722 Shares Transacted)
6:13PM Puan Chan Cheong (84,819,487 Shares Transacted)

DJ MARKET TALK: USD/MYR At New 13-Mo Low; 3.3550-3.3700 Eyed

0016 GMT [Dow Jones] USD/MYR at fresh 13-month low 3.3650 vs 3.3680 last close on expectation dollar will continue to weaken, says dealer with local bank; notes pair also in line with USD/SGD. "I think the dollar-ringgit may see-saw within the 3.3550 to 3.3700 range on intermittent profit taking as (ringgit) gains are looking enticing." Thinks pair still biased down, tips 3.3500 as immediate support.


Dow Jones Newswires

October 14, 2009 20:16 ET (00:16 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ MARKET TALK: Top Glove May Rise; To Raise Glove Prices -Report

0018 GMT [Dow Jones] Top Glove Corp (7113.KU) may rise to MYR8.50 (psychological resistance) on New Straits Times report saying company plans to raise glove prices to offset rising costs, USD weakness. "Latex prices had started to climb again since July and the US dollar had weakened since September... we need (to raise prices) to protect our shareholders' interest," says Top Glove chairman Lim Wee Chai, according to report. Details on quantum of increase and timing not provided. Local analyst says higher prices likely to be well absorbed by consumers; "orders have been on the rise since the World Health Organization declared influenza A (H1N1) a pandemic four months ago." Top Glove last raised prices in July. The company controls 22% of global market share; has capacity to produce 31.5 billion pieces of gloves/year. Shares ended +2.9% at MYR8.40 Wednesday.


Dow Jones Newswires

October 14, 2009 20:18 ET (00:18 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

Tuesday, October 13, 2009

SuperMax earnings forecast due out on Thursday

Supermax – Super results on the way. Supermax is
scheduled to release its 3Q09 results on Thursday, 15
Oct. Judging from the strong 4Q results announced by
Top Glove recently, Supermax is likely to post a strong
set of results too. Annualised 9M09 earnings are likely
to outstrip our full-year forecast of RM92.5m by around
15%, thanks to out performance of both the top line and
margins. For now, we retain our earnings forecasts
which we are likely to raise after the release of the
results. However, as we are now in the final quarter of
2009, we roll forward our target price to end-10. This
lifts our target price from RM4.02 to RM4.28, still
pegged to an unchanged 30% discount to Top Glove’s
target P/E, which is, in turn, based on our target
market P/E of 15x. Potential re-rating catalysts for
Supermax include the anticipated 3Q results
out performance, continuing uptick in glove demand and
upcoming capacity expansion plans. Supermax remains a
BUY.

complements of CIMB Events

Oct 24 (Kuala Lumpur) – 9.30am to 12.30pm

DJ MARKET TALK: MS Initiates Genting Singapore at Overweight

0109 GMT [Dow Jones] STOCK CALL: Morgan Stanley initiates Genting Singapore (G13.SG) at Overweight, sets S$1.30 target price. Broker says stock is only Singapore-listed gaming play, is first mover in protected duopoly with its Resorts World Sentosa (RWS) casino-resort set to open earlier than rival Marina Bay Sands. Estimates Singapore gaming revenues will be around US$3.0 billion, thinks RWS could capture over 50% of the market in its first year of operation. Notes gaming stocks tend to do well in months leading up to opening of new casinos, "we expect Genting Singapore to outperform before its RWS mega-casino opens in 1Q10." Says company can easily target high spending gamblers from Macau, Australia and mass-market punters from Malaysia, while its Universal Studios theme park could also help drive visitor levels. Shares flat at S$1.13; STI off 0.3%.

Dow Jones Newswires

October 12, 2009 21:09 ET (01:09 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc

Friday, October 9, 2009

Wynn Tests Hong Kong Stock Betting Appetite as Sands Plans IPO

Wynn-C1 and Wynn-C2 call warrants traded up today in Malaysia....

http://biz.thestar.com.my/news/story.asp?file=/2009/10/9/business/20091009111333&sec=business

7113- TOPGLOV- TOP GLOVE CORPORATION BHD-Final Dividend and Special Dividend for FYE 31 August 2009

Top Glove Corporation Bhd ("the Company"or "Top Glove")
- Final Dividend and Special Dividend for the financial year ended 31 August
2009
The Company wishes to inform that the Board of Directors of Top Glove had
resolved to recommend a Single Tier Final Dividend of 18% (net 9 sen) and a
Single Tier Special Dividend of 12% (net 6 sen) for the financial year ended 31
August 2009, subject to the approval of the shareholders at the forthcoming
Eleventh Annual General Meeting of Top Glove.
The Entitlement Date and Date of Payment in respect of the aforesaid dividends
will be determined and announced by Top Glove in due course.
This Anouncement is dated 8 October 2009.

DJ MARKET TALK: AmResearch Keeps AirAsia At Buy; MYR1.96 Target

[Dow Jones] STOCK CALL: AmResearch says AirAsia's (5099.KU) unit AirAsia X securing landing rights in Paris will increase potential traffic for parent AirAsia, boost its regional route network. Notes about 80% of AirAsia X's traffic connect to AirAsia regional flights, although no timeline for launch of service given. House maintains Buy call with MYR1.96 target; "AirAsia is one of the least expensive budget airline stocks globally, trading at just 6.5X FY10F earnings - a deep 53% discount to historical average of 14X and 47% discount to peers' average of 13X. "This despite Air Asia generating premium ROE of 19% versus industry's 11%," says AmResearch. Stock last flat at MYR1.39

Dow Jones Newswires

October 09, 2009 03:37 ET (07:37 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc

DJ MARKET TALK: CIMB Ups Top Glove Target To MYR10.55 Vs MYR9.86

GMT [Dow Jones] STOCK CALL: CIMB Research ups Top Glove (7113.KU) target to MYR10.55 (based 15X market PER) from MYR9.86 after company posted better-than-expected FY09 results; notes net profit of MYR169.2 million came in 9% above house estimate of MYR156 million, stoked by strong demand, continuous improvements in product quality and productivity, company's aggressive marketing strategies. Revises up FY10-12 earnings forecasts by 1%-11% after accounting for improved FY09 numbers, lower cost assumptions. Adds strong demand since H1N1 outbreak will likely continue in FY10; retains Outperform call. "Potential re-rating catalysts include this set of record earnings, the continuous uptick in demand and ongoing capacity expansion," says CIMB. Stock last 1.6% at MYR8.28.

277 DIALOG DIALOG GROUP BHD PROPOSED SPECIAL SHARE DIVIDEND

DIALOG GROUP BERHAD (DIALOG OR THE COMPANY)
PROPOSED SPECIAL SHARE DIVIDEND
The Board of Directors of DIALOG is pleased to declare a Proposed Special Share
Dividend on the basis of 1 treasury share of DIALOG for every 50 existing
DIALOG shares of RM0.10 each held in DIALOG, fractions of treasury shares to be
disregarded, amounting to approximately 27,710,000 treasury shares to be
distributed, for the financial year ended 30 June 2009 (FY2009). The Proposed
Special Share Dividend is to commemorate the 25-year anniversary of
incorporation of DIALOG group of companies.
Together with cash dividends (interim and proposed final) of 36% less 25% tax,
total gross dividend rate for FY2009 is 57.6%. Dividend payout ratio for FY2009
is 74%. Based on DIALOGs 5-day volume weighted average share price of RM1.2424
as at 6 October 2009, gross dividend yield is 4.6%.
The Proposed Special Share Dividend is DIALOGs second time of distributing
share dividend, after its first time of distributing share dividend on the
basis of 1 treasury share of DIALOG for every 50 DIALOG shares held for the
financial year ended 30 June 2006 to commemorate its 10-year anniversary of
listing on Bursa Malaysia Securities Berhad.
Both the Proposed Special Share Dividend and the proposed final cash dividend
of 24% less 25% tax are subject to shareholders approvals at the forthcoming
21st Annual General Meeting of DIALOG. The entitlement date of the Proposed
Special Share Dividend is to be determined later and anounced in due course.
None of the Directors, major shareholders and/or persons connected with them
have any interest, direct or indirect, in the Proposed Special Share Dividend,
save for their respective entitlements as shareholders, which are also
available to all other shareholders of DIALOG.
The Board of Directors of DIALOG, after due consideration on all aspects of the
Proposed Special Share Dividend, is of the opinion that the Proposed Special
Share Dividend is in the best interest of DIALOG.

Top Glove beats forecasts!!!

Green Packet warrants continue to soar

Green Packet (Gpacket) looking good especially warrants, rights issue players congrats again!!The management took part as well, I like when insiders are buying back shares!
Look at the share buybacks of Green Packet management last week:

Thursday, 1 Oct 2009

5:24PM Tan Sri Dato' Kok Onn (67,711,222 Shares Acquired)
5:24PM Puan Chan Cheong (68,952,987 Shares Acquired)
5:24PM Tan Sri Dato' Kok Onn (67,711,222 Shares Acquired)
5:24PM Green Packet Holdings Ltd (67,711,222 Shares Acquired)
5:24PM Puan Chan Cheong (68,952,987 Shares Acquired)

Wednesday, October 7, 2009

DJ MARKET TALK: Top Glove +2.4%; H1N1 Likely Aid 4Q Earnings

0730 GMT [Dow Jones] Top Glove (7113.KU) +2.4% at two-year high of MYR8.6, may retest intraday high of MYR8.11, on expectation of strong 4Q earnings, says dealer with local brokerage. "People are buying the stock because they expect a strong set of results from the glove maker," says dealer. Separately, CIMB Research estimates Top Glove 4Q earnings to be around MYR52 million, which is about 23% higher on-quarter, more than double on-year. "For the full year, the company could beat our estimate of MYR156 million by at least 5%," says CIMB; cites stronger-than-expected sales, especially after the outbreak of H1N1 as reason. Company scheduled to release 4Q results after 0900 GMT tomorrow.

Dow Jones Newswires
October 07, 2009 03:30 ET (07:30 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.

*DJ Top Glove Target Upgraded To MYR9.86 From MYR8.60 By CIMB

Genting and Simon's Chelsea division sign joint venture agreement

Press Release - Genting and Simon's Chelsea division sign joint venture

agreement to establish premium outlets in Malaysia; Johor Premium Outlets

expected to open in 2011

Further to our announcement dated 22 January 2008, Genting Berhad is pleased to

inform that Azzon Limited, a wholly-owned subsidiary of Genting Plantations

Berhad (formerly known as Asiatic Development Berhad) which in turn is a 54.7%

subsidiary of the Company, has signed a joint venture agreement with Chelsea

Malaysia LLC, a division of Simon Property Group (NYSE: SPG) to establish

Chelsea Premium Outlet Centres in Malaysia.

For further details, please refer to the attached Press Release.

You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com

DJ MARKET TALK:Astro May Rise;Wins EPL Broadcasting Rights-Report

GMT [Dow Jones] Astro All Asia Networks (5076.KU) may rise to 30-day moving average of MYR3.46 on expectation Asia may raise subscrption price for sports packages after The Star report says pay-TV operator wins Barclays English Premier League broadcasting rights. The Star reports, citing unnamed sources, BPL accounts for a third of Astro total content costs and is not profit-generating by itself but is a major pull for Malaysian subscribers. "Since the EPL is a major pull, people are likely to buy the shares in anticipation of a price increase, which in turn, will be earnings accretive for Astro," says dealer with local brokerage; notes Astro posted net profit of MYR62.3 million in 1H (ended July) vs loss of MYR249.9 million a year earlier. Astro may have paid around MYR800 million for EPL rights, according to The Star; Astro officials couldn't be immediately reached for comments, confirmation. Stock closed flat at MYR3.39 yesterday.

Dow Jones Newswires

October 06, 2009 20:22 ET (00:22 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

Tuesday, October 6, 2009

TA Insider buying back shares despite bad earnings....

Monday, 28 Sep 2009

7:02PM DATIN TAN KUAY FONG (150,000 Shares Acquired)
7:01PM DIRECTOR'S DISCLOSURE OF DEALING IN SECURITIES
7:00PM PROVISION OF FINANCIAL ASSISTANCE
5:37PM 1H net profit 62.307 million (decreased 20.43%)

Thursday, 24 Sep 2009

7:08PM DIRECTOR'S DISCLOSURE OF DEALING IN SECURITIES
7:07PM DATIN TAN KUAY FONG (500,000 Shares Acquired)

Friday, 18 Sep 2009

9:02AM NOTICE OF EGM

Thursday, 17 Sep 2009

6:55PM Proposals

Wednesday, 16 Sep 2009

5:53PM COMPLETION OF ACQUISITION OF WISMA DIJAYA

Genting Malaysia buying back there own stock again!!!

Look at recent buybacks in Aug:

Thursday, 13 Aug 2009

5:37PM 6,764,000 shares purhased into treasury

Wednesday, 12 Aug 2009

6:18PM 2,600,000 shares purchased into treasury

Tuesday, 11 Aug 2009

6:00PM 1,750,000 shares purchased into treasury

Friday, 7 Aug 2009

5:53PM 1,400,000 shares purchased into treasury

Thursday, 6 Aug 2009

6:27PM 1,300,000 shares purchased into treasury

DJ MARKET TALK: KNM +2.0%; More Contracts Expected - Dealer

0218 GMT [Dow Jones] KNM Group (7164.KU) +2.0% at 77.5 sen, leading volume list with 13.3 million shares, says dealer with local brokerage; this, after company says its units in Malaysia, U.A.E., Germany secured substantial new orders totaling MYR155 million from international clients since September 24. "The contracts clinched were expected but KNM may attract further interest on expectation of more contracts as demand for oil and gas products and services will continue to improve as oil price stabilises," says dealer; tips stock to test psychological 80-sen in near term.

TA Enterprise to enter new business

DJ MARKET TALK: KLCI May Rise; Immediate Resistance At 1220

[Dow Jones] KLCI may rise, taking lead from firmer U.S., Japanese stocks, says dealer with local brokerage; thinks banking stocks likely to lead gains. But TA Securities says gains may not sustain given weak buying momentum, negative breadth on broader market, as most investors stay sidelined pending fresh market leads. Notes KLCI ended +0.9% at 1216.45 yesterday, likely lifted by trading error in KL Kepong (2445.KU) which rose +23.7% at MYR17.00. Tips KLCI's immediate resistance at 1220, with September 23 pivot high of 1231 as more formidable hurdle, support at 1200

Dow Jones Newswires

October 05, 2009 20:22 ET (00:22 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

*DJ Top Glove Target Raised To MYR8.45 From MYR8.30 By AmResearch

Bursa removes pre-closing and trading-at last from morning session

Monday, October 5, 2009

DJ MARKET TALK: AmResearch Keeps Genting Malaysia At Buy

0348 GMT [Dow Jones] STOCK CALL: AmResearch says listing of Macau casinos will help narrow Genting Malaysia's (4715.KU) discounted valuations vs peers. Says valuations for Malaysia casino operator more attractive vs Wynn Macau (due to be listed Friday), although Wynn has advantage of China market. Genting Malaysia's FY09F PE is estimated at 13X vs Wynn Macau's 34X (based on Wynn Macau's offer price of HK$10.08/share). Additionally, GenM's EV/EBITDA is also lower at 6X for FY09F compared to Wynn Macau's estimated 19X, AmResearch says. Adds, that GenM's earnings also less volatile than Wynn due to Malaysian casino's large domestic-centric operations. Still, Wynn Macau's average daily win/table is larger than GenM's due to more high-rollers (estimated at 68% of revenue vs 25-30% for GenM). House maintains Buy call, target at MYR3.40. Stock last down 1.1% at MYR2.71. (KPL)


Dow Jones Newswires

October 04, 2009 23:48 ET (03:48 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ Malaysia Tobacco Excise Duty Raised By 5.6% - Report

KUALA LUMPUR (Dow Jones)--Malaysia this week raised the excise duty on tobacco by one sen per stick, equivalent to 5.6%, in a surprise move, The Edge financial newspaper reported Saturday, quoting unnamed industry sources.

Although there were no official announcements from the government, the weekly said the country's three largest tobacco players - British American Tobacco (M) Bhd. (4162.KU), JT International Bhd. (2615.KU) and Philip Morris (M) Bhd. - along with some smaller outfits were informed of the rise on Thursday.

The tobacco industry had been bracing for a rise in excise duties when Malaysia announces it budget for 2010 on Oct. 23 as the government seeks more revenue to reduce its fiscal deficit, The Edge said.

An industry source said another increase in the excise duty could be announced in the budget. "We are fully expecting to be hit by a double whammy this year," the source said.

There has yet to be any official announcement on the duty increase from the Ministry of Finance or the Customs Department.


Dow Jones Newswires

October 03, 2009 05:52 ET (09:52 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.


SOLUTION: BUY YOUR SMOKES IN INDONESIA..... (JUST A SUGGESTION NOT AN OPINION OF THIS BLOG)

*DJ Top Glove Target Raised To MYR8.50 From MYR7.0 By Hwang-DBS

Friday, October 2, 2009

GREEN PACKET WARRANTS START TRADING

GOOD LUCK TO ALL THAT SUBSCRIBED FOR THE RIGHTS OFFERING.....

(GPACKET)0082WA
Profile for Warrants
2 Oct 2009, 08:51
Profile for Warrants
Instrument Type : Warrants
Description : Warrants 2009/2014
Listing Date : 02/10/2009
Issue Date : 28/09/2009
Issue Size in Unit : 197,613,775
Maturity Date : 27/09/2014
Revised Maturity Date :
Exercise/Conversion Period Type : 5 Year(s)
Revised Exercise/Conversion Period Type : 0 Year(s)
Exercise/ Strike/ Conversion Price : MYR 0.9500
Exercise/ Conversion Ratio : 1 Warrant : 1 GPB share
Mode of Satisfaction of Exercise/Conversion Price : Cash
Settlement Type/ Convertible into : Physical (Shares)
Remarks : The Warrants are issued for free to the subscribers of the
renounceable rights issue by GPB of 197,613,775 new ordinary shares of RM0.20
each in GPB (Rights Shares), on the basis of one (1) free detachable Warrant
for every one (1) Rights Share subscribed for.
Each Warrant carries the entitlement, at any time from the Issue Date to the
close of business at 5.00 p.m. in Malaysia on the Maturity Date, to subscribe
for one (1) new GPB ordinary share of RM0.20 each at the Exercise Price which
shall be satisfied in cash. If the Maturity Date is not a market day, the
expiry date shall be on the market day immediately preceding the Maturity Date.
The Exercise Price may from time to time be adjusted in accordance with the
provisions of the Deed Poll dated 17 August 2009. Any Warrant which has not
been exercised by way of completing and delivering the subscription form
together with the correct remittance to the Registrar on the Maturity Date,
will lapse and cease thereafter to be valid for any purpose.
This announcement is dated 28 September 2009.

Berjaya Land lines up slew of new launches next year

Results: Kencana Petroleum posts higher Q4 profit

Wynn Macau said to have raised HK$12.6b

Thursday, October 1, 2009

DJ MARKET TALK: Kencana May Rise;4Q Pft +29%;Positive View-Dealer

0019 GMT [Dow Jones] Oil and gas services player Kencana Petroleum (5122.KU) may rise, with dealer at local brokerage tipping stock may test MYR2.15 (Tuesday's peak) vs yesterday's close at MYR2.12 (flat), after reporting 4Q net profit +29% at MYR30.2 million; takes FY net profit to MYR118.2 million vs MYR85.1 million year earlier; results tad below CIMB forecast for MYR119.9 million, but ahead of S&P's forecast for MYR117.0 million, according to FactSet data. Company attributes improved results to better management of costs; expects earnings to be remain positive in current FY. "The better results and positive earnings guidance should boost interest in the stock," says dealer; adds, capital spending in upstream oil and gas sector is expected to be resilient despite lower world oil prices.


Dow Jones Newswires

September 30, 2009 20:19 ET (00:19 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

DJ UPDATE: More Than 1,000 Feared Dead In Indonesian Quake

JAKARTA (AFP)--Rescue workers raced against time Thursday to assist victims of a huge earthquake in the flattened Indonesian city of Padang with upwards of 1,000 people feared dead and many more trapped in rubble.

Wednesday afternoon's magnitude 7.6 quake caused buildings to crumble and fires to rage in Padang, home to nearly a million people on the coast of Sumatra island. Communications and power remained cut off overnight.

"The rescue personnel in the location estimated that so far at least 200 people have died," Disaster Management Agency spokesman Priyadi Kardono said in Jakarta.

But that number was likely to soar, officials said, as the first outside rescue teams from the Indonesian army and health ministry reached the city to reinforce overwhelmed police on the ground.

"It's difficult to confirm the death toll as communications have been cut off," Kardono said.

"We need heavy machinery to lift the rubble...we expect that to arrive at the location soon," he added.

Late Wednesday, Vice President Jusuf Kalla said: "People are trapped, hotels have collapsed, schools have collapsed, houses have collapsed and electricity has been cut off."

Health ministry crisis centre head Rustam Pakaya said a major city hospital was among the many buildings that had buckled.

"Houses and buildings have collapsed, causing thousands of people to be trapped inside in the rubble," Pakaya said.

He said he expected the death toll to soar over 1,000, given the scale of destruction and the large numbers of people feared buried alive.

President Susilo Bambang Yudhoyono, briefing reporters in Tokyo as he returned from the G20 summit in the U.S., urged officials to "flood" the city with aid and medical relief.

Three military transport planes were preparing to deliver aid including tents, blankets and medicine, Disaster Management Agency spokesman Priyadi Kardono said.

"The effects of the earthquake could be as big as the Yogyakarta quake," he said, referring to a 2006 quake that killed 6,000.

U.K.-based charity Oxfam said it had already earmarked GBP200,000 ($320,000) for relief efforts, including the distribution of emergency shelters, hygiene kits and clothing.

"We had aid ready because this area of Indonesia is susceptible to this type of tragedy," said Jane Cocking, the organization's humanitarian director.

Local media reported that panicked residents rushed from their homes after the quake struck off Sumatra's west coast at 5:16 p.m. (1016 GMT), 47 kilometers northwest of Padang. Dozens of aftershocks followed.

The Pacific Tsunami Warning Center in Hawaii initially put out a tsunami watch but later withdrew it.

The tremor came not long after a massive quake measuring 8 in magnitude spawned a deadly tsunami in the Samoan islands of the South Pacific.

Like Indonesia, the islands sit on the volatile "Ring of Fire," a massive zone of volcanic instability that encircles the Pacific.

The Padang quake was felt in the Indonesian capital Jakarta, 940 km away, and sent frightened office workers streaming out of buildings in nearby Singapore and the Malaysian capital Kuala Lumpur.

"The shaking was the worst I had ever felt," Yuliarni, a resident of Pariaman district outside Padang told TVOne news channel.

"Houses have collapsed, the lights and electricity were cut off...People were fleeing to higher ground and some were hurt," she said.

The quake caused a landslide that destroyed houses at Lake Maninjau, inland from Padang, local resident Hafiz told the channel, while the city airport was slightly damaged but was expected to reopen early Thursday.

Geologists said Padang, which lies near the colliding Indo-Australian and Eurasian tectonic plates, was vulnerable to more quakes and tsunamis.

"There are three big volcanoes in West Sumatra - Merapi, Talang and Tandikat. We fear that this quake might cause volcanic eruptions there," Geological Disaster Mitigation and Volcanology Center head Surono said.

Padang lies on the same tectonic faultline that cracked off Aceh, at the northern tip of Sumatra, in 2004 to trigger the Indian Ocean tsunami that killed more than 220,000 people.

Dow Jones Newswires

September 30, 2009 21:17 ET (01:17 GMT)

DJ MARKET TALK: Genting Plantations May Rise On Premium Outlet JV

2357 GMT [Dow Jones] Genting Plantations (2291.KU) may rise, with dealer tipping stock may test MYR6.02 (14-day moving average) vs yesterday's close at MYR6.00 (down 2.1%), after company says wholly-owned unit Azzon signed JV agreement with Simon Property unit Chelsea Malaysia to develop Chelsea Premium Outlet Centres in Malaysia. Under JV agreement, companies will jointly invest, operate Premium outlet centers selling designer labels, with maiden project in southern Johor state at Kulai on a site owned by Genting Plantations, expected to open in 2011. Company says project synergistic with existing property operations, also parent Genting's leisure, hospitality footprint in nearby Singapore. Dealer says project "looks promising... players will likely be positive on the JV, but the details remain sketchy." (KPL)

Dow Jones Newswires

September 30, 2009 19:57 ET (23:57 GMT)

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Wednesday, September 30, 2009

DJ MARKET TALK: Sime Off 0.2%; Fund Raising Positive M/T - Dealer

0415 GMT [Dow Jones] Sime Darby (4197.KU) down 0.2% at MYR8.51 vs intraday high of MYR8.54, after proposing to raise up to MYR4.5 billion from Islamic bonds for working capital, future investments. "The stock opened higher and is probably down because of prevailing weak market sentiment," says dealer with local brokerage; KLCI last down 0.3%. Thinks announcement should have positive impact in medium term as funds will likely be used for investments, which are likely earnings and value accretive. Tips immediate support at psychological MYR8.50 with resistance at today's high of MYR8.54.

Dow Jones Newswires

September 30, 2009 00:15 ET (04:15 GMT)

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DJ MARKET TALK: Charts Tip Genting As Buy, LT Target MYR8.0-MIMB

0259 GMT [Dow Jones] STOCK CALL: MIMB Research tips Genting (3182.KU) as Buy based on charts; says stock building strong bullish base after breaking 16-month trend line in early April. "A small bozu candle has been completed at RM5.40. The whole bottom may also looks like a V-bottom with targets towards the next resistance of MYR7.10," says MIMB; adds long term potentials remain up given volume and market internals. "Both RSI and MACD are at encouraging bull territories. With all crucial moving averages penetrated, the stock may find more momentum easily to the upside," says MIMB; suggests conservative traders should hold for at least a year with a potential long term target pegged at MYR8.00. Stock last down 0.3% at MYR6.94.


Dow Jones Newswires

September 29, 2009 22:59 ET (02:59 GMT)

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DJ MARKET TALK: Sime May Rise; Plans To Raise MYR4.5B Via Bonds

0043 GMT [Dow Jones] Sime Darby (4197.KU) may rise to test recent high of MYR8.60, says dealer with local brokerage; this, after conglomerate proposes to raise up to MYR4.5 billion from Islamic bonds for working capital, future investments. "The proposal is likely to be viewed positively as borrowing costs are now at near historical lows.. Sime will likely be able to price the sukuk at attractive yields given current excess liquidity," says dealer. Stock closed +0.1% at MYR8.53 yesterday.

Dow Jones Newswires

September 29, 2009 20:43 ET (00:43 GMT)

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DJ MARKET TALK: Sunway Holdings May Rise On MYR147.36M Project

2357 GMT [Dow Jones] Sunway Holdings (4308.KU) may rise to MYR1.44 (30-day moving average) vs Tuesday's close at MYR1.39 (flat); this after wholly-owned unit Sunway Construction accepted MYR147.36 million contract from Putrajaya Holdings to build 16-story hotel, 11-story office tower in Putrajaya. Project expected to start October 7; company targets completion within 36 months. "Investors may accumulate Sunway shares as this is quite a sizable project and is expected to contribute positively to the group's earnings from 2010," says one dealer. Based on conservative gross margin of 10%, says project could add around MYR15 million to gross profit over duration of project. (VGB)


Dow Jones Newswires

September 29, 2009 19:57 ET (23:57 GMT)

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Berjaya Corp plans to list B-Retail on Main Market

Tuesday, September 29, 2009

DJ MARKET TALK: CIMB Keeps Overweight On Malaysia Equities

0056 GMT [Dow Jones] CIMB keeps Overweight call on Malaysia equities, retains KLCI end-2010 target of 1400 points; in strategy report, analyst notes foreign funds turned net buyers of Malaysian equities in August. "Though expected, we are heartened by this news as the steep sell down in July had caught us by surprise. Another cause for cheer is the size of net inflow, which, at $87 million, is the second highest monthly increase this year," analyst says. Thinks September could be another month of net inflows as global markets, though charting new year-highs, have been jittery, investors have been quick to take profit, shift to more defensive markets. KLCI ended down 0.9% at 1205.95 Monday.


Dow Jones Newswires

September 28, 2009 20:56 ET (00:56 GMT)

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DJ MARKET TALK: Hwang-DBS Vickers Initiates TA Enterprise At Buy

0306 GMT [Dow Jones] STOCK CALL: Hwang-DBS Vickers initiates coverage on TA Enterprise (4898.KU) with Buy call, MYR2.10 target based on 13X FY11-12F EPS for broking business and revaluing its 55% stake in TA Global's property assets at current market value. Says TA is established player in local stockbroking industry, 5th largest market cap property stock with prime KLCC landbank; but stockbroking remains core earnings driver contributing 60% of EBIT for FY10F. Adds TA is better alternative to Bursa Malaysia to ride recovery in trading volumes given latter's richer valuations. "Given TA's strong retail base, it has managed to raise its market share of the stockbroking business to 6.4% up to August 2009 vs 3.9% in 2008. Projects TA to post net profit of MYR107 million in FY10 (ending January 31), MYR124 million in FY11 and MYR153 million in FY12 vs MYR92 million in FY09. Stock last +1.4% at MYR1.41.

Dow Jones Newswires

September 28, 2009 23:06 ET (03:06 GMT)

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*DJ TA Enterprise Initiated As Buy With MYR2.10 Target By Hwang

BUY TA!!!!!

DJ MARKET TALK: CS Starts Genting Singapore At Underperform

I DO NOT AGREE WITH THIS ONE I AM STILL LOOKING TO RE-ENTER GENTING SINGAPORE AFTER TAKING PROFITS AT 1.20 BEFORE THE RIGHTS OFFERING. IF YOU REMEMBER THE LAST SELL CALL ON THIS STOCK WAS WRONG (SEE OLDER POSTS) IT WENT STRAIGHT UP AFTERWARDS. RIGHT NOW, I WOULD LET IT SETTLE UNLESS YOU ARE HOLDING FOR LONG TERM OR PLAYING THE RIGHTS OFFERING, MY TARGET IS AROUND 2 DOLLARS LONG TERM.




0109 GMT [Dow Jones] STOCK CALL: Credit Suisse initiates Genting Singapore (G13.SG) at Underperform, sets S$0.90 target price. Broker says expectations for gaming company's new casino-resort on Singapore's Sentosa Island are high, thinks risks lie on downside. Warns first year casino revenues may disappoint with key swing factor the proportion of VIP spend vs mass market. Thinks VIP punters may not visit Singapore as frequently as Macau due to longer travel times, Macau casino tour operators may be deterred from setting up camp in Singapore due to smaller market size, licensing requirements. Notes shares up over 140% in past 12 months, says Genting Singapore now third most expensive casino stock in the world, most expensive large cap under broker's Singapore coverage. Says target price based on FY10 EV/EBITDA multiple of 15X, putting it at top end of Macau plays' range. Shares +2.7% at S$1.13.

Dow Jones Newswires

September 28, 2009 21:09 ET (01:09 GMT)

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Monday, September 28, 2009

DJ MARKET TALK: LFE +14.6% But May Pare Gains On Exchange Query

0351 GMT [Dow Jones] LFE Corp (7170.KU) +14.6% at 47 sen in heavy volume of 6.0 million shares in follow through trade but dealers caution "Unusual Market Activity" (UMA) query by exchange filing may trigger some profit-taking. "The stock has almost tripled in value over the last three trading days on turnaround hopes (for FY09) and plans to increase its orderbook to MYR1.0 billion from MYR500 million. The stock is overbought and may need to consolidate recent gains before embarking on its next up-leg," says dealer. Immediate support at 41 sen (200-day moving average).


Dow Jones Newswires

September 27, 2009 23:51 ET (03:51 GMT)

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