13 July 2011

good morn

Stocks to watch: Old Town, BTM, Nadayu, Johan

KUALA LUMPUR: After two consecutive days of losses, which saw the FBM sliding 16.64 points to end Tuesday, July 12 at 1,578.10 and RM13.37 billion erased from the market capitalisation, investors are expected to stay cautious on Wednesday.

All the key Asian markets ended Tuesday in the red. The 30-stock KLCI ended 0.66% lower but year-to-date, it was still up 3.9%. Its market capitalisation at the end of Tuesday was RM1.342 trillion

Investors’ fears that Europe's debt crisis could spread persisted despite European Union officials' pledges to help heavily indebted euro zone members. These fears continued to weigh on market sentiment.

At Bursa Malaysia, stocks to watch include Old Town Bhd, which will make its debut, BTM RESOURCES BHD [], Nadayu PROPERTIES [] Bhd (formerly MUTIARA GOODYEAR DEVELOPMENT [] Bhd) and JOHAN HOLDINGS BHD [].

As for Old Town, Hwang DBS Vickers Research fair value was RM1.50 based on FY12 price-to-earnings of 12 times. Old Town operates café chain and coffee beverage manufacturing.

BTM’s subsidiary Syarikat Maskayu Sawmill Sdn Bhd,has received the approval from the Terengganu government to extract forest products in Kemaman.

BTM had received the approval from the Terengganu State Forestry Department for the forest concession covering 404.70 hectares.

“The agreement is for a period of three years effective from July 3, 2011 to July 2, 2014,” it said.

Nadayu has formalised its acquisition of 3.56 acres of land along Jalan Sultan Ismail from UDA Holdings Bhd for RM215.5 million.

It had entered into a sales and purchase agreement with UDA to formalise the terms and conditions of the proposed acquisition.

Nadayu said the Land is along Jalan Sultan Ismail and behind the buildings on Jalan Doraisamy.

Based on UDA’s financial year ended Dec 31, 2010, the audited net book value of the land was RM31.71 million. There are plans to build a 30-storey service apartment building, an eight storey podium car park and a three-storey retail shopping complex.

Johan Holdings Bhd AGM is scheduled to be held at George Kent TECHNOLOGY [] Centre, along Jalan Dengkil in Puchong at 11am.

Investors are expected to raise questions when Johan will turn around. It posted net losses of RM8.70 million in the first quarter ended April 30, 2011 versus net profit of RM6.02 million a year ago. Revenue was RM66.10 million compared with RM68.66 million a year ago.

Its administrative and other expenses were RM43.02 million compared with RM40.77 million a year ago while finance costs rose to RM14.53 million from RM9.51 million a year ago.

Johan had then announced total revenue of RM66.102 million for the 1Q fell 15.1% from the RM77.904 million in the 4Q ended Jan 31, 2011. However, group loss after tax narrowed to RM8.82 million when compared to the 4Q loss after tax of RM15.261 million.

good morning hlk [You must be registered and logged in to see this image.]

sun wrote:good morning hlk [You must be registered and logged in to see this image.]

morn sun hope tdy ipo old town can help lift mkt sentiment ...

morn davors, hw r u doing lately ?

hlk~
lately not much trading...
holding 100% cash now...

how about you?
hit any dragon?

hlk wrote:good morn

hlk open thread wor [You must be registered and logged in to see this image.]

davors wrote:hlk~
lately not much trading...
holding 100% cash now...

how about you?
hit any dragon?

same s u lately no trading ... dragon visiting sun ystd ...

phoenix wrote:

hlk wrote:good morn

hlk open thread wor [You must be registered and logged in to see this image.]

money coming! [You must be registered and logged in to see this image.]

phoenix wrote:

hlk wrote:good morn

hlk open thread wor [You must be registered and logged in to see this image.]

ystd opened also red d whole day wor hope tdy will go green ...

HAHAHA....
ya~ some members hit the KEN-CF dragon~

wah alot of stock gap down leh

i q ammb cj 6000 lots

maxims wrote:i q ammb cj 6000 lots

HUAT AHHHHHHHHHHHHHHH

[You must be registered and logged in to see this link.]

i also posted on this chi bai kia wall u guy go and shout at him also

old town kena goreng

maxims wrote:[You must be registered and logged in to see this link.]

i also posted on this chi bai kia wall u guy go and shout at him also

wat happen sifu, why so angry?

sun wrote:

maxims wrote:[You must be registered and logged in to see this link.]

i also posted on this chi bai kia wall u guy go and shout at him also

wat happen sifu, why so angry?

[You must be registered and logged in to see this image.] y?

cannot undrstand a single word oooooo

i go in ken cf 0.065 [You must be registered and logged in to see this image.]

sun wrote:

maxims wrote:[You must be registered and logged in to see this link.]

i also posted on this chi bai kia wall u guy go and shout at him also

wat happen sifu, why so angry?

a lier....many liers in government now

don know which guy scare like shiit go sell 0.065 ken cf [You must be registered and logged in to see this image.]

maxims wrote:

sun wrote:

maxims wrote:[You must be registered and logged in to see this link.]

i also posted on this chi bai kia wall u guy go and shout at him also

wat happen sifu, why so angry?

a lier....many liers in government now

oit! the top post only la........ [You must be registered and logged in to see this image.] ....