CIMB, 4Q Net Profit Hit Billion

CIMB GROUP HOLDINGS BERHAD ( CIMB )
- Fourth quarter ended 31/12/2011
- Announcement date 27/02/2012

Earning Up More Than Double For MPHB

MULTI-PURPOSE HOLDINGS BERHAD ( MPHB )
- Fourth quarter ended 31/12/2011
- Announcement date 24/02/2012

Vincent Tan is stepping down from BERJAYA GROUP

Tan Sri Vincent Tan Chee Yioun, a Batu Pahat boy has decided to step down from active corporate role in Berjaya Corp, the flagship of the Berjaya Group of Companies.

The Malaysian 12 richest man worth of RM2.54 billion will relinquish his position as Chairman of BJCORP to his eldest son, Datuk Robin Tan Yeong Ching.

Currently Robin Tan will concurrently hold the position of Chairman and CEO of BJCORP until the Board identifies a suitable candidate for the Chairman's post.

The announcement coincided with his 60 years old birthday. The Berjaya Group was founded by him in 1984, which was 38 years ago.

He will remains committed as the company’s controlling shareholder and wants to focus on promoting more charitable and social programs.

His great contribution to Malaysian corporate world was greatly felt for the past 30 years. It was a great lost to Malaysian for his departure from corporate scene.

PJDEV's revenue up but earning down for Q2

PJ DEVELOPMENT HOLDINGS BERHAD  ( PJDEV )
- Second quarter ended 31/12/2011
- Announcement date 23/02/2012

Another counter being queried by BURSA over UMA

Bursa Malaysia has queried GOCEAN (0074 - GREEN OCEAN CORPORATION BERHAD (ACE Market)) over the sharp rise in price and high volume involved their shares recently.

The stock lowest price traded this year was 6.5 sen on 12-Jan-2012 and the highest was done yesterday at 28 sen. It closed or suspended trading at 25 sen, up 2.5 sen yesterday.

Bursa is requesting the company to provide or announce the reasons for the Unusual Market Activity (UMA) of their shares recently.

The shares was suspended one hour before yesterday close and will be re-opened at 9am today.

TOP 15 Richest Malaysians 2012

The Top 15 Richest Malaysians 2012 as at January 2012:

1. Robert Kuok Hock Nien RM45 bil - Kerry Group/KuokGroup

2. T Ananda Krishnan RM42 bil - Usaha Tegas

3. Tan Sri Teh Hong Piow RM12 bil - Public Bank

4. Tan Sri Lee Shin Cheng RM11 bil - IOI Group

5. Tan Sri Syed Mokhtar Albukhary RM9 bil - Albukhary Foundation

6. Tan Sri Quek Leng Chan RM8 bil - Hong Leong Malaysia

7. Tan Sri Lim Kok Thay RM7 bil - Genting Group

8. Puan Sri Lee Kim Hua RM6.58 bil - Genting Group

9. Tan Sri Tiong Hiew King RM6.41 bil - Rimbunan Hijau

10. Ong Beng Seng RM4.91 bil - Hotel Properties Ltd

11. Tan Sri Azman Hashim RM3.47 bil - Arab-Malaysian Corp

12. Tan Sri Vincent Tan Chee Yioun RM2.54 bil - Berjaya Group

13. Datuk Mokhzani Mahathir RM1.93 bil - Kencana Petroleum

14. Datuk Lee Yeow Chor RM1.78 bil - IOI Group

15. Tan Sri Tony Fernandes RM1.77 bil - AirAsia

F&N earning down 60%

FRASER & NEAVE HOLDINGS BHD  ( F&N )
- First quarter ended 31/12/2011
- Announcement date 03/02/2012

This is why COMPUGATES actively traded

Recently, shares of COMPUGATES has been actively traded. The counter was even issued a UMA by BURSA MALAYSIA two weeks ago.

COMPUGATES Holdings Bhd is a distributor of consumer electronics products.

The stock bullishness could be due to the company recently submitted proposals worth more than RM2 billion for various solar projects in Sabah.

The company was expected to clinch these projects even though the outcome of the proposals was not known yet.

COMPUGATES also targeting bigger projects in Sabah and a plant worth around RM30 million would be set up soon.

At this moment, the new plant is still in preliminary planning and awaiting approval from board of directors.

COMPUGATES is also in advanced negotiations with other government agencies and local authorities in Sabah to provide green energy solutions.

What to do after selling NICORP

After selling NICORP, my plan is to buy in a few counters.

TRINITY, PJDEV-WC, PANTECH-WA, MPHB and Citigroup of US.

Mostly for long term except TRINITY. TRINITY is a high risk 'investment', the company is in red for long time eventhough there just exit from PN17 status a year ago.

Personally I like to allocate some 'extra' money for this type of high risk company. But buying high risk company required continuously monitoring and alert to the company news. Once the news is bad, be prepared to cut lost.

Just like NICORP, no risk no gain !

For PJDEV-WC and PANTECH-WA, will buy and keep for long term. Both matured in 2020. Both are close to their year low.

MPHB, will buy in if falls below RM2.50.

Citigroup, will continue to accumulate if it falls below USD25 again.

* The comments above do not represent a recommendation to buy or sell.

Sack him because of no handshaking !

Lius Suarez continue giving trouble to himself and now his club. Last Saturday he declined to shake hand with Patrice Evra of Man Utd before kick-off.

His action resulting him being condemned by all parties, including his own team boss and Liverpool MD. Liverpool bosses were unhappy because before the match, he agreed to do the pre match handshaking with Evra but he made a u-turn on the field.

Beside being condemned by his own bosses, now the sponsor also sounded their dissatisfaction over his action.

Will Liverpool really want to sack him?

If he is not Suarez then the action will be taken easily but currently, Liverpool needs him more than any other player. With the team struggling to score goal, he is too valuable and important to the team, not even Steven Gerrard can match him now.

For sure, Liverpool will find a way to resolve this mess other than sack him.

Will NICORP bounce back?

Finally NICORP down yesterday after two weeks of excitement, the price closed at 56 sen, down 11 sen. The volume traded was the second highest of the today.

For last four trading days, investors saw the share price 'jumped' from low of 6.5 sen to highest of 75 sen and closed at 67 sen on last Thursday before suspended pending announcement a day later.

There are several reasons why it was down yesterday:-

- T+4

- Profit-taking

- Uncertainty over NICORP future after latest announcement on last Friday.

Surely, this is just a pull-back from recent run-up and it was very unlikely the share will drop back to January's level of 6.5 sen.

Will there bounce back or continue to fall...........

NICORP, it is over now !

NICORP made another announcement last Friday after it was requested by the company to be suspended for the day pending announcement.

With the announcement, basically it answered all the excitement created by the counter. For last two week, the share price was up from 6.5 sen to highest of 75 sen, trading on the counter was super-bullish and its also get the query and warning (to investors) from Bursa.

In the latest announcement, NICORP told Bursa that it had entered into a heads of agreement (HOA) with Generasi Cipta to buy 60% of Sagajuta for RM240 mil.

Datuk Raymond Chan is also a director of Generasi Cipta, who incidentally bought 12% of NICORP shares from Crest Energy. Basically it was like a reverse takeover by NICORP.

The announcement includes:-

- To have the par value of NICORP reduced from 20 sen to 10 sen. The reduction of par value will indirectly      raise RM70 mil to set off NICORP losses of RM64 mil as at end of Sep 2011.

- Nicorp to buy the remaining 40% of Sagajuta shares which was not owned by Generasi Cipta.

- Issuance of ordinary shares, irredeemable convertible loan stocks (ICULS) and also free warrants.

- The projects with Sagajuta include 1Borneo Hypermall, 1Sulaiman, 1Gateway and 1Likas.

For details announcement here.

With the announcement, basically it will be the end of Nicorp excitement created for last two week. The next question is how will the market react to this announcement ?

NICORP, a DESIGNATED SECURITIES?

With recent sharp-rise in the price and volume. Will Bursa declared a DESIGNATED SECURITIES status on NICORP?

NICORP has been actively traded in Bursa Malaysia since last Friday and the price was jumped from the low of RM0.065 to today's closed at RM0.67 within three trading days.

The stock continue yesterday limit-up to open at around RM0.70 and highest of the day was RM0.75, a mere 4 cents from reaching another limit-up in two days. In fact, RM0.75 is the highest in many years.

NICORP managed to answer Bursa UMA query last Friday and subsequently announced their new major shareholders on Wednesday after Crest Energy disposed its 22.8% of Nicorp shares to the new shareholders.

Even with the announcement of new shareholders, the stock still traded actively and it almost hit another limit-up.

Surely, Bursa is having an eye on this counter. As there already issued a circular to advise investors to exercise caution in the trading of NICORP shares yesterday afternoon.

If the advise failed to stop the price from going wild. Are there going to declare a DESIGNATED SECURITIES status on NICORP? This is a million ringgit question ! Once it was declared as a Designated Securities, surely the price will 'dive' and may hit a limit-down.

Finger crossed and nothing happen BUT the price keep going up !

Advise from BURSA to investors on NICORP

With the current run-up of the stock, BURSA Malaysia issued a circular to advise investors to exercise caution in the trading of  NAIM INDAH CORPORATION BERHAD ( NICORP ) shares.

The circular was issued in the afternoon, it reads:-

Subject: NICORP-BURSA MALAYSIA ADVISES INVESTORS TO EXERCISE CAUTION IN THE TRADING OF NAIM INDAH CORPORATION BERHAD SHARES

Content: Bursa Malaysia Securities Berhad (Bursa Securities) wishes to draw investors' attention to the recent sharp rise in the price and volume of NAIM INDAH CORPORATION BERHAD (NICORP) shares. Notwithstanding the company's response to the Unusual Market Activity (UMA) query issued by Bursa Securities on 3 February 2012 and its announcements on the changes in shareholdings on 8 February 2012, Bursa Securities would like to advise investors to exercise caution and to make informed decisions in the trading of NICORP shares

As at 3.30pm, the price is still standing at RM0.69 up 20 cents with huge volumn traded.

List of new NICORP shareholders

Finally the buyers for 22.8% stake previously hold by Naim Indah Corporation Berhad's (Nicorp) major shareholder, Crest Energy. was announced.

The announcement did not include the price traded for the stake.

As the news and buyers already made known to public, chances for the share to go up again is slim, unless there buy at higher than current market price. Which is very unlikely.

Most probably the share price will go down in the morning when market open for trading.

Hopefully the announcement will not cause the share to 'crash' tomorrow.

Just wonder how much they paid for the stake.

What will happen to NICORP when market re-open ?

KLSE is closed for two days and will re-open on Wednesday, 08-Feb-2012.

Just can't wait to see how Nicorp's share price will go, south (going down) or north (going up).

With its news already published last Friday after query by Bursa for UMA. For sure everybody want to know who is the new major shareholder?

Najib's son? Sure not, otherwise Nicorp will not be a penny stock anymore!

Buy on rumor and Sell on news !

Is this going to happen on Nicorp when market re-open?

I don't think so because the buyer has not surface yet. Maybe there will be a dog-fight for the stake? Sure the price will move up further.

Worst case scenario is the buyer buy at a lower than current market price then it will drag down Nicorp share price. Hopefully this won't happen to Nicorp now.

Lets wait and see.

Why NICORP gone up?

NICORP was heavy-ly traded today with its price closed at RM0.18 up by RM0.09.

The price was at three years high, with volumn so high it was the highest traded counter of the day.

The counter was issued with a UNUSUAL MARKET ACTIVITY ( UMA ) from Bursa Malaysia today but it did not stop the movement of the share price.

Later the query was answered by the company, saying the unusual movement of the share price was due to its major shareholder, Crest Energy Sdn Bhd is said to be in talk with various parties to sell its stake.

Crest Energy Sdn Bhd is holding 22.8% of NICORP.

Hope the deal will not go through so soon, so the price will move up further.

Oh man, this stock has been always good to me for last 4 years. Hopefully whoever bought the stake will push the company to greater high.

Record earning for Public Bank

PUBLIC BANK BERHAD ( PBBANK )
- Fourth quarter ended 31/12/2011
- Announcement date 30/01/2012

Another good quarter for DIGI but dividen shrink

DIGI.COM BERHAD ( DIGI )
- Fourth quarter ended on 31/12/2011
- Announcement date 19/01/2012

PANTECH, earning double !

PANTECH GROUP HOLDINGS BERHAD
- Third quarter ended on 30/11/2011
- Announcement date 18/01/2012