17th JAN THURS

good mornin traders

Asian Stocks Advance as Japanese Exporters Gain on Yen
By Jonathan Burgos - Jan 17, 2013 8:50 AM GMT+0800

Asian stocks gained, with the regional benchmark index heading for its third advance in four days, as the yen’s drop boosted the outlook for Japanese exporters.
Honda Motor Co. (7267), a carmaker that gets about 81 percent of sales overseas, climbed 2.3 percent in Tokyo. NTT DoCoMo Inc., Japan’s largest mobile-phone carrier, gained 1.8 percent after Goldman Sachs Group Inc. named the stock among its top picks. Fortescue Metals Group Ltd., Australia’s third-largest producer of iron ore, slid 1.1 percent after the price of the metal fell.
The MSCI Asia Pacific Index (MXAP) rose 0.2 percent to 131.86 as of 9:40 a.m. Tokyo time, with about three shares rising for every two that fell. The gauge rallied 9.8 percent from Nov. 14 through yesterday as Japanese shares surged on speculation Prime Minister Shinzo Abe will pursue more aggressive stimulus policies and reports showed recovery in the U.S. and China.
“There’s justifiable optimism out there,” said Andrew Pease, Sydney-based chief investment strategist at Russell Investment Group, which manages about $150 billion. The Australian dollar on Sept. “There’s still an upside in the Japanese share market as we’re seeing a significant shift in Japanese policy. The risk of a recession in the U.S. is lower and liquidity risks in Europe have receded.”
The Nikkei 225 Stock Average (NKY) added 0.2 percent today after slumping by most since May yesterday. South Korea’s Kospi Index was little changed, while Australia’s S&P/ASX 200 Index gained 0.8 percent. Markets in China and Hong Kong have yet to open.
To contact the reporter on this story: Jonathan Burgos in Singapore at [You must be registered and logged in to see this link.]
To contact the editor responsible for this story: Nick Gentle at [You must be registered and logged in to see this link.]

as we speak asx and nikkei up 0.6%/0.7% respectively

Corporate News

 Salcon bags RM110.0m sewerage contract in Klang
Salcon Bhd's unit has secured a RM110.0m government contract to
build the sewerage pipes network in Klang. Its unit Salcon Engineering
Bhd had accepted the contract from the Energy, Green Technology and
Water Ministry's Sewerage Services Department. The scope of works
encompasses all works associated with sewage rationalisation within the
South Klang sub-catchment located in Klang. The contract duration is
48 months, starting from Jan 29, 2013 to Jan 28, 2017. (The Star)

 Tradewinds Plantation buys remaining 30.0% of NIASB
for RM24.0m
Tradewinds Plantation Bhd has taken full control of Northern Integrated
Agriculture Sdn Bhd with the purchase of the remaining 30.0% stake for
RM24.0m. It had acquired the remaining stake in NIASB from
Perbadanan Kemajuan Negeri Kedah (PKNK). NIASB's core activities are
property development and rubber plantation. (The Star)

 MAHB, Macquarie, MAG final 3 bidders for Stansted
Airport
Stansted Airport has attracted three final bids each worth USD1.6b in a
deal that could be announced as early as next week. Australia's
Macquarie, Malaysia Airports Holdings and Manchester Airports Group
(MAG) with its Australian partner IFM are the final bidders (The Star)

 Affin gets extension for Muamalat equity acquisition
talks
Affin Holdings Bhd has been given an extension until March 31, by Bank
Negara Malaysia, to negotiate with shareholders of Bank Muamalat
Malaysia Bhd (BMMB) for a possible acquisition of an equity interest in
the bank. Affin Holdings said the proposed acquisition of BMMB might
only be sought once the terms and conditions of the exercise are
agreed on by the transacting parties. (Business Times)

 Share grant plan for S P Setia staff
S P Setia Bhd has introduced a four-year programme as an incentive for
its staff and management personnel to stay with the company. The
proposed “long-term incentive programme” (LTIP), stretches beyond a
typical employee share option scheme (ESOS) and includes a share
grant plan that will reward staff with shares for zero consideration. The
LTIP will involve the issuance of up to 15.0% of the company’s paid-up
capital. It will be tabled for approval by S P Setia in a coming meeting.
(The Edge)

 Scomi Group sets Jan 31 for ‘showdown’ EGM
Scomi Group Bhd has set Jan 31 as the date for its hotly-anticipated
EGM, where a showdown is expected between two parties seeking
control of the firm. The sole item on the agenda is the proposed
issuance of bonds worth RM110.0m or 36.5 sen a share to IJM Corp
Bhd that, if converted, would make the construction giant Scomi’s single
largest shareholder with a 25.0% stake. IJM, which already owns
10.0% of oilfield services provider Scomi via a private placement in
September it subscribed to for 33.0 sen apiece or RM33.0m, will not be
entitled to vote at the EGM because it is an interested party. (The Star)

 Westports: No decision yet on listing
Westports Malaysia Sdn Bhd, one of two main maritime gateways in
Port Klang, has not made any decision on going for a public listing.
Chief executive officer Ruben Emir Gnanalingam said discussions were
still on-going. Speculation has been rife recently that Westports was
aiming for an initial public offering to potentially raise RM1.5b in the
second quarter this year. (The Star)

good morning traders :D

Cals wrote:good mornin traders [You must be registered and logged in to see this image.]

+1 :D

mornin

if not mistaken drb owns BMMB

 Affin gets extension for Muamalat equity acquisition
talks
Affin Holdings Bhd has been given an extension until March 31, by Bank
Negara Malaysia, to negotiate with shareholders of Bank Muamalat
Malaysia Bhd (BMMB) for a possible acquisition of an equity interest in
the bank. Affin Holdings said the proposed acquisition of BMMB might
only be sought once the terms and conditions of the exercise are
agreed on by the transacting parties. (Business Times)

Cals wrote:if not mistaken drb owns BMMB

 Affin gets extension for Muamalat equity acquisition
talks
Affin Holdings Bhd has been given an extension until March 31, by Bank
Negara Malaysia, to negotiate with shareholders of Bank Muamalat
Malaysia Bhd (BMMB) for a possible acquisition of an equity interest in
the bank. Affin Holdings said the proposed acquisition of BMMB might
only be sought once the terms and conditions of the exercise are
agreed on by the transacting parties. (Business Times)

morning all

so both drb and affin have gud position ?

Uem breaking 2.3 today

indeed that is correct DRB and AFFIN

UEM riding the waveee

syf vrrrrrrrrrrrrro0000m


.75

mbb reli uncle share....

jeefoh wrote:mbb reli uncle share....

UEM ehem ehem

rhb lai liaow~

CI chang ju ahh... stop falling

jeefoh wrote:CI chang ju ahh... stop falling

bounce ler

Cals wrote:

jeefoh wrote:CI chang ju ahh... stop falling

bounce ler

volume gud today lerr~ whr all pegi~~

UEM VROOOOMMM

SYF vvvvvvrooom