12 March 2013 Tuesday

Morning~~~
Malindo 3150~~~

mornin traders, morning pak aam

morning

Affin appears to be frontrunner to take over Hwang-DBS , [You must be registered and logged in to see this link.]

JF wrote:Affin appears to be frontrunner to take over Hwang-DBS , [You must be registered and logged in to see this link.]

ada betul ka ..affin makan hwang

Research Highlights
NEWS HIGHLIGHTS

Dialog signs pact with HK company (Comment included in
Kenanga Today)

Sunway gets RM452.5m elevated line job linking Sunway-
Subang Jaya

AirAsia expands in Philippines via Zest Air

Affin appears to be frontrunner to take over Hwang-DBS

Sime unit sells whole stake in WPL

Eversendai forms JV with Technics O&G Ltd

KESM records Q2 loss of RM889,000 on higher costs
FOREIGN NEWS HIGHLIGHTS

CVC-owned Matahari launches up to USD1.36b Indonesia
offering

Repsol sells USD1.3b stake to Singapore’s Temasek
IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

Study Visit Note: Johor Property Trip

Sector Update: Plantation

Company Update: PADINI

Quick Bites: AFG

On Our Radar: SMRTECH

On Our Technical Watch: CCM, STAR

Corporate News
 Dialog signs pact with HK company
Dialog announced that its wholly-owned subsidiary Dialog E & C Sdn
Bhd (“DECSB”), has on 11 March 2013 had entered into a Shareholders’
Agreement with Richtech Engineering (Hong Kong) Company Limited to
establish a company known as Dialog Offshore Engineering Sdn Bhd
(“DOESB”). DECSB will hold 55.0% equity stake in DOESB and the
balance 45.0% equity stake will be held by RICHTECH. DECSB and
RICHTECH will collaborate and leverage on their respective expertise
and services to provide front end and detailed engineering design,
consulting and project management relating to engineering design and
other related support services for the upstream oil and gas industry.
(Bursa Malaysia)
Comment: We view the move as Dialog's bid to strengthen its
upstream capabilities as the tie-up will give it access to the design
phase (interim stage) of an EPCC contract and better controls over its
upstream projects like the Berantai marginal field and Bayan EOR
projects. Overall, margins could expand for the projects that Dialog is
working on (given that it can internalise yet another portion of the EPCC
work). However, as we foresee that it will have a minimal impact in the
near term (until Dialog secures individual engineering work for
independent projects), we are maintaining our forecasts and
OUTPERFROM rating (TP: RM2.79) at this juncture. We continue to like
Dialog for its long term sustainable earnings quality, large presence in
the Pengerang Integrated Petroleum Complex (PIPC) project and its
growing presence in the upstream oil and gas value chain (Bayan EOR
project).

Cals wrote:

JF wrote:Affin appears to be frontrunner to take over Hwang-DBS , [You must be registered and logged in to see this link.]

ada betul ka ..affin makan hwang

makan bank mualamat ady take so long

 Sunway gets RM452.5m elevated line job linking
Sunway-Subang Jaya
Sunway Bhd has secured a RM452.5m contract from Syarikat Prasarana
Negara Bhd for an elevated bus rapid transit (BRT) line linking Sunway
Resort City, Bandar Sunway and Subang Jaya. As part of Sunway's
continuous corporate social responsibility initiatives, the group would
additionally and separately contribute works estimated to cost RM99m
to the proposed BRT-Sunway Line. (The Star)

 AirAsia expands in Philippines via Zest Air
The Philippine unit of Asia’s biggest budget airline AirAsia Bhd has
agreed to acquire 49.0% of small-scale regional carrier Zest Airways, as
it moves to turn its Philippine business into a money-making operation.
Philippines AirAsia Inc, which is 40.0% owned by Malaysia-listed AirAsia,
will acquire the stake in Manila-based Zest Airways via a share swap.
Both firms declined to give the value of the deal. (Business Times)

 Affin appears to be frontrunner to take over Hwang-DBS
The race is heating up in the financial sector for the acquisition of
standalone investment banker Hwang-DBS (M) Bhd. Sources confirmed
that the frontrunner for the deal is Affin Holdings Bhd, although other
contenders include Alliance Finance Group Bhd, AMMB Holdings Bhd
and K&N Kenanga Holdings Bhd. One source said that Affin’s bid,
believed to be the highest, was at a whopping RM1.4b, which works out
to 1.5 times price-to-book value. (The Star)

 Sime unit sells whole stake in WPL
Sime Darby Bhd said its wholly-owned subsidiary, Sime Darby Property
Bhd, has disposed its entire shareholding in Weifang Property Ltd (WPL)
for RM96.6m. The disposal involves the sale of 100 shares of HKD1
each in WPL to Hongrun Holdings Ltd. (The Star)

Eversendai forms JV with Technics O&G Ltd
Eversendai Corporation Bhd has entered into a shareholders’ agreement
with Technics Oil & Gas Ltd and Eversendai Construction (S) Pte Ltd,
forming a joint venture company (JV) Eversendai Technics Pte Ltd.
Following this agreement, the company will be exploring the possibilities
on a plot of land in the United Arab Emirates for the purpose of
constructing and operating a fabrication plant and facilities for offshore
and onshore works. (Bernama)

KESM records Q2 loss of RM889,000 on higher costs
KESM Industries BHD posted a net loss of RM889,000 for its second
quarter ended Jan 31, 2013, compared to the RM3.1m net profit it
posted in the previous corresponding quarter. Employee benefits
expenses had risen by 12.0% mainly due to more hires of contract
workers, along with adjustments to wage rates in response to further
increases to the minimum wage rates in China and Malaysia. Other
expenses increased by RM1.4m or 11.0%, from RM12.5m to RM14.0m,
mainly due to a fair value loss on investment securities, higher repair
and maintenance expenses and increased utility usage. (The Edge)

mana nitez kaki drb, dia punye CQ huat

Cals wrote:mana nitez kaki drb, dia punye CQ huat

ffuuuhh me gamjiong sold ytd 0.0 vrooming arr

Maxis
An Interim Single-tier Tax Exempt Dividend of 8 sen per ordinary share.

The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 13 March 2013 ]

apamacam maxis performance hari ini?

Cals wrote:apamacam maxis performance hari ini?

fly to 6.59 and kaput back to 6.53 now , but low volume er~
-cg at 0,085

maybank also kaput -0-

still holding. @ 0.7 CQ

nitezshiro wrote:still holding. @ 0.7 CQ

aha sudah mari, i think u waiting for the upper swing

+1 nitez , good call and good job

The only regret is i sold bimb too early.

Suddenly bankai until like that

Cals wrote:

nitezshiro wrote:still holding. @ 0.7 CQ

aha sudah mari, i think u waiting for the upper swing

Testing 2.65, if fail then offload lor.

nitezshiro wrote:still holding. @ 0.7 CQ

congratz

JF wrote:

nitezshiro wrote:still holding. @ 0.7 CQ

congratz

tyty, pak cals, do u have 15 min chart for MALTON?

noler my kenmoney go wonky jor; no realtime charts

dayang kuat gila

[You must be registered and logged in to see this image.] nampak menarik..[You must be registered and logged in to see this image.] comment pls

peanut wrote:[You must be registered and logged in to see this image.] nampak menarik..[You must be registered and logged in to see this image.] comment pls

Warrant Price Ex-Price Exp date Intrinsic value Premium Imvol Gearing
Wb 0.325 1.85 22/04/2013 0.380 -2.5% NA 6.9
Wc 0.360 2.04 10/03/2016 0.190 7.6% 18.5% 6.2
Wd 0.295 2.25 11/12/2017 0.000 14.1% 17.0% 7.6