KLSE analysis

Stocks to watchSarawak counters, Proton, Press Metal, Masteel, KUB

2011-04-17T14:14:00.000+08:00

Investors’ sentiment in the week ahead, starting Monday, April 18 would partly hinge on the outcome of the Sarawak state elections due late Saturday, April 16.
Sarawak-based companies had run up ahead of the dissolution of the state assembly in late March before easing off.Since then, market sentiment had been generallyl cautious on political concerns about the Sarawak polls, which are the most hotly contested in recent years.
Meanwhile, Bernama reported that as at midday on Saturday, a total of 233,134 voters or 21.72% of the electorate in Sarawak have voted in the state polls, according the Election Commission. There were no untoward incidents.
At Bursa, over the past week, the 30-stock FBM KLCI had lost 22.06 points or 1.42% to end at 1,521.94 while RM14.83 billion had been erased from the market capitalisation, which mirrored the declines also in key regional markets. External concerns include the European debt crisis, sustained high oil prices and worries about the Japan's ability to recover from the earthquake which impacted its manufacturing sector.
Among the stocks which would be in focus include CAHYA MATA SARAWAK BHD [] (CMSB), NAIM HOLDINGS BHD [], TA ANN HOLDINGS BHD [], ZECON BHD [], ENCORP BHD [] and HOCK SENG LEE BHD [] (HSL).
Stocks with recent corporate developments are PROTON HOLDINGS BHD [], PRESS METAL BHD [], KUB MALAYSIA BHD [] and Malaysia Steel Works (KL) Bhd.
The Edge weekly reports that FUTUTECH BHD [], which was a loss-making, former associate company of Eastern & Oriental Bhd, was poised to transform itself into a CONSTRUCTION [] firm. It had been awarded RM332.4 million worth of design, road and construction works by E&O Property Development Sdn Bhd.
Proton’s unit Lotus Cars Ltd secured £270m million (RM1.33 billion) in loans from six financial institutions over a six-year period to turn around the loss-making company.
Proton group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir said he expected Lotus to break even by 2014.
Press Metal proposed a rights issue to raise between RM316.7 million and RM323.7 million to finance the Samalaju aluminium smelting project in Sarawak.
The rights issue involved RM323.73 million nominal value of redeemable convertible secured loan stocks (RCSLS) at 100% of its nominal value with up to 147.15 million warrants.
Johor Menteri Besar Datuk Abdul Ghani Othman has approved the proposed RM1.23 billion intra-city commuter train service in Iskandar Malaysia which would involve a100km rail network.
The project would be undertaken by Metropolitan Commuter Network Sdn Bhd - a joint venture between KUB Malaysia Bhd and Malaysia Steel Works (KL) Bhd.
SUCCESS TRANSFORMER CORP BHD [] has proposed to distribute 100 treasury shares for every 4,000 shares of 50 sen held for the financial year ending Dec 31, 2011. It also announced a tax exempt interim dividend of 2pct for FY ending 2011.
FAR EAST HOLDINGS BHD [] is recommending a final single tier dividend of 20 sen for the financial year ended Dec 31, 2010

Khazanah says decision made on buyer for its 32% stake in Pos Malaysia

2011-04-13T18:54:00.000+08:00

Khazanah Nasional Bhd, the government's investment arm, has decided on the potential buyer for its 32.21 per cent stake in postal service provider, POS MALAYSIA BHD [].
"We already have a winner in mind," said Khazanah managing director Tan Sri Azman Mokhtar on Wednesday, April 13, adding that there were 50 potential buyers.
However, he declined to narrow the identity of the "winner" but said the names would be submitted to the board later this month.
Among the criteria set for the bidders are ability to provide good premium and unlock Pos Malaysia's values, he told reporters on the sidelines of Invest Malaysia 2011.
News reports and research houses had suggested that the three shortlisted bidders were DRB-HICOM BHD [], NATIONWIDE EXPRESS COURIER SER []vices and a Amanah REIT-Malaysia Pacific Corp joint venture, with offers ranging between RM3.38 and RM4.62 per share. The other two bidders were Scomi Bhd and TRICUBES BHD [].
Asked on the impact of the new Postal Bill, which has yet to be tabled in Parliament, on the deal, Azman said various issues have been factored in, including consultation with industry players.
"Hence, the Bill is not expected to be entirely a surprise," he said.
The Bill is expected to touch on crucial issues in Pos Malaysia, including the government's golden share and rights over some of the real estate owned by Pos Malaysia. – Bernama

Written by Bernama

2011年投资大马大会

2011-04-12T18:45:00.000+08:00

■ 首相拿督斯里纳吉。

首相拿督斯里纳吉今日“2011年投资大马大会”致词时指出，为了吸引大马专业人才回流，今年初成立的人才机构将领导专才回流计划（REP）。
他透露，这项计划的限定要求和资格水平已获修整，以更能迎合经济转型执行方案的需求。
“我们推介即时生效且经调整的奖掖配套，人才机构会提供更多详情，但其中包括过渡期个人所得税奖掖，回流的专才可在5年享受一律的15%个人所得税率。”
他说，在专才回流计划的现有财政奖掖下，原本两辆的免税车，如今只限于本地组装的汽车。
“我希望，这些改变能鼓励更多在海外工作的大马人，把广泛的经济和专业知识带回国内，在国家的经济转型计划扮演要角。”纳吉说，去年12月1日宣布吸引及保留海外专才的专才居留证（Resident Pass），已从4月起接受申请。
“内政部也从4月1日起落实就业居留证（Employment Pass）的一系列改善条款，包括允许长达5年的限期。”
售32.3%大马邮政股权大会没公布得主
大马邮政（POS，4634，主要板贸易）的32.2%股权得主出乎市场意料之外未在大会公布，惟售股计划已在最后阶段。
首相拿督斯里纳吉是在去年的投资大马大会宣布，将售出大马邮政32.3%股权给策略投资者，市场之前预计今天得知花落谁家。
但纳吉今天指出，相关评估已完成，国库控股董事局很快获得最后建议，并乐见竞投过程以透明的方式展开。
“此外，我国政联企业发展进度良好，20大政企在上个财年录得强劲盈利表现，达173亿令吉，较2009年增长50%。”
他补充，20大政企也在2004年到2010年的政企重组计划期间，取得16.4%的总股东回酬，显著超越大马交易所的平均表现。
另一方面，配合新经济模式列明的宏愿，国库控股和其他政联投资机构将逐步脱售非核心及欠竞争力资产，包括26片政府地。
纳吉透露，目前已售出有4块政府地，预计收入超过10亿令吉收入。
他指出，至少10家公司已被指定脱售非核心及欠竞争力资产，预计年底可完成出售程序。
未来10年创造逾22万就业机会
经济转型执行方案推介以来，迄今接获950亿令吉的投资总额，能在未来10年创造近22万5000个就业机会。
纳吉指出，自去年10月以来已推出60项计划和倡议，涵盖46项启动计划（EPP）。
“其中30项已在进行中，4项已完成，另26项也正展开。”他说，我国因为上述计划迎来950亿令吉的投资总额，但并非只是政府在投资，私人领域也在投资。
“国内消费持续成长，像零售上扬8%、汽车销量增长13%，房地产交易更激增33%到近1000亿令吉。”
他说，流入我国的外资也从17亿美元（约51.4亿令吉），高涨超过4倍到去年的70亿美元（约211.4亿令吉）。
“政府转型计划的成效也很大，政府采购网站（My Procurement）提供成功投得3500项政府合约的公司详情，藉此更容易鉴定和避免贪污。”
年底设私人退休基金
在新的私人退休基金架构下，证监会允许设立的私人退休基金计划可在年底准备就绪。
纳吉认为，此举能为管理长期储蓄的计划提供更大变化。
“在此情况下，透过拓展法律架构的范围以聚集投资，如今基金经理有能力直接投资。”
他透露，政府也会致力吸引一些专门的基金经理，为投资策略提倡更大的多元化，增强国家储蓄和经济成长之间的联系。
政府在2011年财政预算案宣布设立私人退休基金，是提倡退休金架构多元化支柱的第三个支柱，让拥有充足资金的公众，在公积金以外还有额外长期存款的选择，增强退休后的收入。
第二资金市场大蓝图 2020年提高到4.5兆令吉
首相周二亲自揭盅为期10年的第二资金市场大蓝图，放眼决定未来发展方向和策略的计划，能把我国资金市场目前约2兆令吉的规模，在2020年扩大到4.5兆（或4万5千亿）令吉。
纳吉说，这甚至可透过更可观的国际化，把市场规模提高到5.8兆令吉。
他透露，马股上市公司数量比任何一个东协国家来得多，国内债券市场占国内生产总值的规模也是亚洲第三大，回教资金市场更是引领全球。
他强调，第二资金市场大蓝图其中的首要任务，是要强化资金市场角色，提倡草创时期的资金形成，到融资创意企业、大型计划和先进绿色科技发展。
“我们将透过正式的管制监督和提供特定奖掖和支持，拨出更多资金给创投基金和私募基金领域。”
他说，为了促进大规模交易，涉足债券市场的方法也会扩大、增强投资者对广泛系列债券产品和信贷风险的胃口、提高投资管理领域参与度和散户在固定收入投资的参与，并强化市场基本建设。
纳吉说，我国高额储蓄料能推动投资管理领域的成长，管理的资产规模预计从去年的3774亿令吉，大幅上涨3倍到2020年的1.6兆令吉。
“作为对国内投资管理领域的信心反映，单位信托领域的渗透率料从去年18%，提高到2020年的34%。”
他指出，为了提高把本地储蓄再循环到融资经济发展的仲介效率，政府也会检讨机构投资策略的影响，确保政联投资机构基金的运用达致最高效益。

from.:kwongwah.com.my

第三季净利虽增长大马投资银行评价分歧

2011-04-11T15:37:00.000+08:00

尽管大马投资银行（AMMB，1015，主板金融股）现财年第三季的净利有所增长，不过，各证券行的评价却很不一致。

马银行投资银行就如此形容大马投资银行在现财年第三季的业绩：大都在我们以及市场的预测之内。

不过，整体而言，却缺乏鼓舞的因素在内。

大马投资银行截至2010年12月31日的本财年第三季，取得3亿2531万1000令吉净利，比上财年同期的2亿6847万4000令吉，增加了21.2%。

该公司本财年首9个月累积净利报10亿2646万6000令吉，相比上财年同期的7亿6686万9000令吉，增加了33.85%。

马银行投资银行分析员在报告中指出，营运盈利按季减低了6%，主要是因为利率降低以及非利息收入部分减少。

周息率落后同行

分析员假设，若是国行调升法定储备金100个基点以及提升隔夜利率50个基点，相信会对银行在2012年的盈利带来2.2%至4.3%的正面效应，并且将会提升利息赚幅4至9个基点，然而，大马投资银行则是个例外。

分析员预测，大马投资银行在这样的趋势下，该银行在2013财年的净盈利反而会萎缩2.6%，主要是因为其较高比例的定期存款以及融资组合内的低成本存款比例较低。

基于这些因素，马银行投资银行认为，大马投资银行很难超越其他银行股的表现，尤其是在现有利息增高的环境下。

再说，该银行的资产组合也不见得比较出色。

此外，该银行在周息率方面，也落后其他银行股，其周息率只有2.7%；相比之下，银行股普遍上的周息率为3.8%。

看好未来表现

马兴业金融投资银行却看好大马投资银行接下来的表现，并将评级维持在“买入”。

分析员指出，大马投资银行的客户存款成长率达14.2%，主要是产品提升方面的功劳。这些新存款产品包括薪资系统、现金管理以及转账服务等。

非利息收入进步

此外，马兴业金融也认为，该公司在资产素质方面也有所提升。该公司在第三季的总减值贷款和亏损准备金，已分别改善至3.4%和37.4%；相比之下，第二季只有3.6%和95.5%。

马兴业金融有信心，大马投资银行可以在2011财年通过增加收入来源，达到13%的投资股票回酬率。该公司确实在非利息收入、保险业务以及资产素质方面有所进步。

拉昔胡申也认同，以大马投资银行这一次的表现，未来还有攀升的空间，再加上该股至今的表现仍然落后大市，偏低的估值再次成为吸引投资者的焦点。

分析员更因而将该公司的目标价格，从7.26令吉调升至7.42令吉，并将评级升级为“超越大市”。

南洋商报

Smartag to start Thai project soon

2011-04-11T15:33:00.000+08:00

The radio frequency identification (RFID) solutions provider has signed a container tracking service and partnership agreement with Netbay Co Ltd to implement the system at the customs checkpoints in Thailand. The system is now on a trial run.

"To date, we have set up the first phase of RFID infrastructure in Sadao, Suvarnabumi Customs Free Zone and Mukdahan customs checkpoint in Thailand.

"We have begun pilot projects for two big logistic companies - DHL and TNT," Smartag's chairman Datuk Abdul Hamed Sepawi Hamed told reporters after the launch of Smartag's prospectus in Kuala Lumpur yesterday.

He said the system will help curb abuses or thefts of clients' goods as it is able to track goods from the start till the end of a journey.

"We will be implementing some projects in Malaysia soon, but I cannot announce them yet as we have signed non-disclosure agreements," Hamed said.

He said it was difficult to gauge the value of the contracts it would get in future.

"Let's say that one company has one million items to track per shipment ... that's one million times US$20 (RM61) per trip," he said.

Hamed did not reveal the company's order book, but said that the technology used for its RFID system is the first of its kind. It is a combination of various technologies, he added.

He also said that Smartag has plans to sell the system in countries like Laos, China, Singapore and Australia.

On its listing exercise, Hamed said the company expects to raise RM17.7 million from its initial public offering (IPO).

The IPO entails a public issue of 57 million new shares at 31 sen each. Of this, 50 million shares are allocated for private placement to eligible investors, five million for eligible directors, employees and business associates of the group and the remaining for the public.

The company will use RM8.84 million of the proceeds for project-related capital expenditure, RM3.36 million for research and development, RM3.53 million for working capital and RM1.94 million for listing expenses.

Kenanga Investment Bank Bhd is the adviser, sponsor, underwriter and placement agent for the IPO.

By June Ramlee ,business times

Proton aims to overtake Perodua

2011-04-11T15:30:00.000+08:00

Proton aims to overtake Perodua and regain its position as the country's top-selling carmaker this year, driven by growing
customer confidence, network improvement, product and pricing strategies, says group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir.

"Overall, we target to sell between seven and eight per cent higher than last year, but we are working to achieve at least 10 per cent compared to nine per cent in 2010.

"Domestic sales have been growing every year, that's a good sign. We will outgrow the industry. We improve, everybody will also improve," he told reporters after welcoming the Lotus Renault GP Team and the media for a tour of the Proton main manufacturing plant here today.

Proton, the national car maker, lost its market share to Perodua in 2006 as Malaysia's top-selling carmaker. It held the top sales spot since 1985.

Last year, Proton sold 157,274 cars, while Perodua recorded an all-time record sales of 188,641 units.

According to the Malaysian Automotive Association (MAA), Proton and Perodua sold 27,365 and 27,713 cars, respectively, in January and February this year.

Zainal Abidin said Proton would stress on quality and embark on aggressive marketing campaigns to promote existing models and introduce more variations to boost sales.

He said Proton would introduce new turbo engine for Exora and new Saga and Inspira editions this year as well as come up with new models next year as part of its long-term plan.

"We'll be working with Proton Edar Dealers' Association Malaysia and financial institutions. If the network and salesmen have confidence in the brand, customers will be there," he added. -- Bernama

PetDag introduces new product to replace Primax 95

2011-04-11T15:27:00.000+08:00

PETRONAS DAGANGAN BHD [] has introduced a new fuel marketed under the name Petronas Primax 95 Xtra to replace its previous brand, Primax 95.
In a statement April 11, Petronas Dagangan said the new fuel contained an advanced multifunctional additive package that delivered top tier performance for smoother driving experience and a new synthetic detergent that maintains engine cleanliness.
The new fuel enhances fuel economy, offering more power and greater acceleration, it said.
The company said Primax Xtra 95 was officially launched by Prime Minister Datuk Seri Najib Razak on April 9 and was available at over 950 Petronas service stations nationwide.

Written by Surin Murugiah of theedgemalaysia.com

这几天BLOG 会修正。。。下星期会让大家知道更多的股票消息。。。。

2011-04-08T22:05:00.001+08:00

Stocks to watch: RHB Cap, YSP, TM, Press Metal

2011-04-06T08:26:00.000+08:00

Stocks on Bursa Malaysia may see some downside pressure on Wednesday, April 6 after China's central bank raised interest rates on Tuesday and the lacklustre overnight close on Wall Street.
China’s benchmark one-year deposit rates will be lifted by 25 basis points to 3.25 percent and one-year lending rates will be raised by 25 basis points to 6.31 percent, the People's Bank of China said in a statement on its website. The rises take effect from April 6.
China and Hong Kong markets will reopen on Wednesday.
On Wall Street, the S&P 500 failed to break a key technical resistance level for a second day on Tuesday as low trading volume raised further questions about the market's strength.
The Dow Jones industrial average slipped 6.13 points, or 0.05 percent, to end at 12,393.90. The Standard & Poor's 500 Index inched down just 0.24 of a point, or 0.02 percent, to 1,332.63. The Nasdaq Composite Index rose 2.00 points, or 0.07 percent, to 2,791.19.
Stocks to watch are RHB CAPITAL BHD [], Y.S.P. Southeast Asia Holding Bhd, TELEKOM MALAYSIA BHD [] (TM) and PRESS METAL BHD [].
RHB Capital Bhd’s AGM and EGM which will be held at 9.30am Wednesday should be an interesting affair following the latest corporate developments.
RHB Cap is seeking a further extension of six months until Oct 19 to complete a proposed rights issue that would raise some RM1.3 billion cash via the issuance of new shares.
Meanwhile, Abu Dhabi Commercial Bank, which is considering selling its 25-percent stake in Malaysia's RHB Capital, hired Goldman Sachs and BOA-Merrill Lynch as advisors, its chief executive said.
Ala'a Eraiqat said on Tuesday that a firm decision on the sale of the stake, valued at $1.4 billion, had yet to be made.
The proposed sale is expected to draw interest from Chinese banks and other Asian buyers due to Malaysia's rapidly growing economy, though lack of control could deter strategic buyers from bidding aggressively, the sources said.
Y.S.P. Southeast Asia Holding Bhd plans to raise up to RM45.22 million from a corporate exercise involving the issuance of rights shares. It would issue 45.22 million new rights shares at RM1 each on the basis of one rights share for every three shares held.
YSP said the proposed rights issue will enable the YSP group to raise funds for its ongoing expansion to widen and extend its reach of its existing and new range of products in local as well as overseas markets
Telekom Malaysia Bhd (TM) has received the Securities Commission’s (SC) approval to issue Islamic debt papers with a combined limit of up to RM2.0 billion for capital expenditure requirements.
TM said the Islamic commercial papers (ICP) programme and an Islamic medium term notes (IMTN) programe would have respective tenures of seven and 15 years from the date of first issue, have been assigned ratings of P1 and AAA respectively by RAM Rating Services Bhd.
Press Metal’s Phase-2 expansion of its aluminium smelting operation will be at the new Samalaju Industrial Park, Bintulu, Sarawak as it seeks to meet the growing demand of aluminium raw material in this Asia region.
PMB via its 80% owned Press Metal Sarawak Sdn Bhd, has developed its Phase-1 aluminium smelting project in Mukah, Sarawak. The new expansion will be relocated to the new Samalaju Industrial Park, Bintulu, Sarawak as being approved by the Sarawak State Planning Authority.
CypARK RESOURCES BHD [] has secured a project from Putrajaya Holdings Sdn Bhd for the proposed rectification works in Precint 5, Putrajaya for a contract sum of RM5.05 million.

Written by Joseph Chin of theedgemalaysia.com

ZECON BHD (7028) TP -RM0.60.

2011-04-04T21:19:00.000+08:00

Zecon Berhad engages in foundation engineering, civil engineering, and related activities in Malaysia. It involves in the fabrication and dealing of pre-cast piles and related products, and foundation engineering, as well as construction of medium and low cost houses. The company also engages in the operation and maintenance of toll bridges and collection of toll revenue; and provision of sand, dredging, earthworks, and material transportation services, as well as water related services. In addition, Zecon involves in plantation development; and the provision of property development, sales, and management services. Further, it offers architectural services, as well as supplies electrical or electronic equipment and services; and provides energy management and other energy related services. The company was formerly known as Zecon Engineering Berhad and changed its name to Zecon Berhad in August 2007. Zecon Berhad is based in Kuching, Malaysia.

TP-RM0.60

MISC BHD (3816) for short term ???? target price RM8.10

2011-04-03T22:41:00.000+08:00

MISC Berhad engages in ship owning, ship operating, and other activities related to shipping services, as well as owning and operating offshore floating terminals worldwide. The company provides liquefied natural gas services, petroleum tanker services, and chemical tanker services. MISC Berhad also engages in the provision of marine repair, as well as marine conversion, engineering, and construction services; the processing of copper grit; provision of sludge disposal management services; manufacturing works of pressure vessels and tube heat exchangers; offering haulage brokerage liner merchant and carrier haulage services; the ownership, management, and operation of a cold storage logistic hub; the operation of sterilization and fumigation facilities; and the operation and maintaining of floating production, storage, and offloading terminals. As of March 31, 2009, it operated a fleet of approximately 100 vessels with a combined tonnage of approximately 8 million dwt. The company was founded in 1968 and is headquartered in Kuala Lumpur, Malaysia. MISC Berhad is a subsidiary of Petroliam Nasional Berhad.

MISC 3Q Net MYR1.34Billion Vs MYR170.1Million......

my target price for MISC BHD is RM8.10

Oil rises to 2-1/2 year peak on job rise, supply fear

2011-04-03T22:24:00.000+08:00

NEW YORK: Oil prices jumped on Friday, April 1 as supportive U.S. jobs data reinforced economic growth expectations and Libya's conflict and Middle East unrest kept supply threats in focus, pushing both Brent and U.S. crude to their highest settlements since 2008.
U.S. nonfarm payrolls registered solid growth for a second month in March and the jobless rate hit a two-year low of 8.8 percent, helping fuel optimism about oil demand.
Geopolitical supply risks also had oil traders wary of being too short at the weekend, as Libya's undecided conflict and Middle East unrest persist and elections near for OPEC-member Nigeria, brokers and analysts said.
Oil prices also benefited from momentum after ending the first quarter posting double-digit quarterly gains.
Brent crude for May rose $1.34 to settle at $118.70 a barrel, the highest close since August 2008 and up $3.11 for the week. It hit a May contract peak of $119.14 in post-settlement trading.
Brent's front-month 2-1/2-year high of $119.79 was struck on February 24. Brent has bounced back after falling below $108 in the aftermath of Japan's March 11 earthquake and tsunami.
U.S. crude rose $1.22 to settle at $107.94, pushing to $108.47 in post-settlement trading. Both the settlement and the intraday peak were the highest since September 2008. U.S. crude took out the previous 2011 peak ahead of the jobs data.
The weekly total U.S. crude trading volume was the lowest of the year, dropping to 2.45 million lots traded, down from 2.53 million last week and lowest since the week to December 31, according to Reuters data.
Friday's volume of 509,669 lots was 32 percent below the 30-day average, while Brent's daily volume of 454,581 lots, was only 7.5 percent below its 30-day average.
"You have the jobs report, Libya has escalated, you've got Nigeria elections soon and Syria and the Middle East unrest and it's the first day of the quarter so you have new money come in," said Richard Ilczyszyn, senior market strategist at Lind-Waldock in Chicago.
"There is a tug of war going on with the dollar after the jobs report and it's Friday so there may be reluctance to go into the weekend short."
Money managers raised their net-long positions in crude oil futures and options on the New York Mercantile Exchange in the week to Tuesday, the Commodity Futures Trading Commission said in a report on Friday.
The U.S. jobs report showed nonfarm payrolls rose 216,000, more than the 190,000 expected and followed Thursday's report that weekly initial jobless benefit claims fell last week.
The U.S. manufacturing sector grew at a marginally slower pace in March although a measure of prices rose to their highest level since July 2008, according to an industry report that some viewed as adding support for oil prices.
"The trivial drop back in the ISM manufacturing index to 61.2 in March, from 61.4, still leaves it at a level consistent with GDP growth of more than 5 percent annualized," Paul Ashworth, chief U.S. economist at Capital Economics in London said in a note. - Reuters

Written by Reuters

Stocks to watch: IJM, Mitrajaya, K.Euro, Sunway, Sime Darby

2011-04-03T22:22:00.000+08:00

KUALA LUMPUR: CONSTRUCTION stocks would be in focus in the week ahead, starting Monday, April 4 as the government rolls out more projects under the Economic Transformation Programme (ETP).
Prime Minister Datuk Seri Najib Razak has given the assurance that the government will announce a slew of new major and exciting projects in the next few months, providing traction in implementing effectively the ETP.
Meanwhile, analysts expect external newsflow to impact investors’ sentiment in the second quarter,
“Nevertheless, beyond the short-term volatility, we believe there is still room for the market to move higher in the 2H as investors’ worries are somewhat exaggerated and the global economic recovery will unlikely be derailed,” said RHB Research Institute.
It said the external headwinds that dragged down global equities will likely dissipate and transform into potential catalysts for the market to come back in the second half.
“These include:
1) Worst of the Japanese disaster over with reconstruction plans being put in place;
2) Political upheavals in the Middle-east and North Africa subside and oil price normalises;
3) Receding threat of accelerated inflation for Emerging Asia as weather conditions improve and food prices
4) Domestically, implementation of ETP gaining speed with cheers from general election news flow from time to time,” RHB Research Institute said.
Meanwhile, interest in biogas is expected to pick up with power giant TENAGA NASIONAL BHD signing an MoU on Monday with Sime Darby PLANTATION and Mitsui & Co., Ltd to study the potential of using biogas to generate power at Sime Darby’s oil palm estates.
The study, which will see a collaboration of facilities, skills-set and knowledge based on each company’s area of expertise, intends to take Sime Darby Plantation’s sustainability efforts to new heights.
Other stocks to watch would be IJM Corp, Mitrajaya Holdings, Kumpulan Europlus and Sunway Holdings following fresh corporate news.
IJM Corp Bhd’s unit New Pantai Expressway Sdn Bhd (NPE) has received the go-ahead from the Public Private Partnership Unit of the Prime Minister’s Department for the proposed New Pantai elevated highway extension to Ampang-Kuala Lumpur.
Mitrajaya’s unit has accepted the RM90.78 million contract for the extension project of the Ampang light rail transit (LRT) line in Kinrara.
Kumpulan Europlus said its 64.2% owned West Coast Expressway Sdn Bhd has received a letter from the Public Private Partnership Unit approving in-principle the proposed construction of West Coast Expressway (Taiping-Banting).
The project is to be privatised on a build-operate-transfer basis and the negotiation is expected to be completed within six months from the date of the letter.
Sunway Holdings has accepted a RM22.56 million contract from Singapore-based Sim Lian Group Ltd’s subsidiary to undertake the substructure of three blocks along Jalan Tun Razak here.
Its unit Sunway Geotechnics (M) Sdn Bhd accepted the letter of award for the contract from Sim Lian’s subsidiary Perumahan SLG Central Sdn Bhd for the piling of three blocks of commercial building.
SAM Engineering & Equipment (M) Bhd (formerly LKT INDUSTRIAL BHD []) is acquiring the assets and manufacturing business of engine casing, a division of Singapore Aerospace Manufacturing Pte Ltd for RM135 million in cash and loan stocks. The acquisition was part of its long-term strategy to grow the business and diversify the customer base beyond the current backend business.
The proposed acquisition would interest investors after its major shareholder Singapore Precision Engineering Ltd (SPE) intends to retain the listing status of SAM Engineering and it would undertake a proposed rectification plan about its shareholding.

Written by Joseph Chin of theedgemalaysia.com

股票估值的三种方法

2011-04-02T22:11:00.001+08:00

对股票估值的方法有多种，依据投资者预期回报、企业盈利能力或企业资产价值等不同角度出发，比较常用的有：

一、股息基准模式，就是以股息率为标准评估股票价值，对希望从投资中获得现金流量收益的投资者特别有用。可使用简化后的计算公式：股票价格＝预期来年股息／投资者要求的回报率。

二、最为投资者广泛应用的盈利标准比率是市盈率(PE)，其公式：市盈率＝股价／每股收益。使用市盈率有以下好处，计算简单，数据采集很容易，每天经济类报纸上均有相关资料，被称为历史市盈率或静态市盈率。但要注意，为更准确反映股票价格未来的趋势，应使用预期市盈率，即在公式中代入预期收益。

投资者要留意，市盈率是一个反映市场对公司收益预期的相对指标，使用市盈率指标要从两个相对角度出发，一是该公司的预期市盈率和历史市盈率的相对变化，二是该公司市盈率和行业平均市盈率相比。如果某公司市盈率高于之前年度市盈率或行业平均市盈率，说明市场预计该公司未来收益会上升；反之，如果市盈率低于行业平均水平，则表示与同业相比，市场预计该公司未来盈利会下降。所以，市盈率高低要相对地看待，并非高市盈率不好，低市盈率就好。如果预计某公司未来盈利会上升，而其股票市盈率低于行业平均水平，则未来股票价格有机会上升。

三、市价账面值比率(PB)，即市账率，其公式：市账率＝股价／每股资产净值。此比率是从公司资产价值的角度去估计公司股票价格的基础，对于银行和保险公司这类资产负债多由货币资产所构成的企业股票的估值，以市账率去分析较适宜。

除了最常用的这几个估值标准，估值基准还有现金折现比率，市盈率相对每股盈利增长率的比率(PEG)，有的投资者则喜欢用股本回报率或资产回报率来衡量一个企业。

Oil prices: 'April is a bullish month'

2011-04-02T21:40:00.000+08:00

NEW YORK -- Oil prices continued to trend up Friday, after ending the first quarter at a two-and-a-half-year high, and most experts think that will remain the case for the foreseeable future.

"Oil is going stay stay firm," said Paul Colby, senior vice president at Planalytics. "It'll probably go even higher."

Crude prices have been volatile over the past three months, as unrest in the Arab world continues to spark worries about potential production disruptions.

Oil prices topped $100 a barrel in February amidst protests in Egypt and Tunisia. The civil war in Libya, Africa's third largest oil producer, also pushed prices higher.

The earthquake and tsunami in Japan, which hosts the world's third largest economy, continued to underpin already nervous sentiment.

On Friday, crude oil settled up $1.22 at $107.94 a barrel.

Track oil, gold and other commodities

"Today the fundamentals are still very bullish, and we should continue to go higher." said PFG Best senior market analyst Phil Flynn. "The Middle East situation is not calming down any time," he added.

Flynn attributes the bullish April outlook to higher demand for better quality crude during the switchover period from the end of winter heating season to the summer driving season.

"I hate to give you a bad April fools joke, but the month of April is a very bullish month for oil prices," Flynn said.

(CNNMoney)

如何在股市赚钱八大炒股秘诀助你巧胜

2011-04-01T14:09:00.000+08:00

股市有句警示语：股市有风险，入市需谨慎。也就是说，人们把钱投资于股市，想通过购买股票赚钱，就要担当相对的风险。但想在股市赚钱，也不是没有技巧的。无论牛市还是熊市，投资人一定要在戒贪的基础上，提高自己的操作技能。否则，即使股市再牛，仍然会赔得一塌糊涂。那么，究竟如何在股市中获利呢？下面介绍八大秘诀以供参考：

秘诀之一

对买最低价与卖最高价不奢望

对于任何一个股民而言，能在最低价买入股票，在最高价卖出股票都是他们的美好愿望。但笔者认为，即使是股市高手，要实现这种愿望也很难。因此，普通股民不要抱太高奢望，因为股市行情随时都处于波动中，即使某些股票已经创了新低，但很可能新低之后还有新低；即使某些股票已经创了新高，照样可能新高的后面还有新高。鉴于这种情况的实际存在，笔者建议股民在投资股票时不妨去掉奢望，采取比较实际的做法，让自己真正能有“财”进账。做法是：当你选中某只股票后，自己认为它大约离底部已经很近，未来有10%-20%左右升幅，这时买进该股，随后便耐心等待该股再次走进上升通道。如此，就能让自己吃到股票行情中可以获利的那一段。

秘诀之二

认真确定好止损与止赢点

很多股民对于股票下跌后，所产生的损失一般都会痛惜，总是希望自己的股票价格能再回升，一般都不愿割肉，而对于不断上涨的股票又不愿意卖，奢望能更多地获利。这种想法，有时就会让股民不仅不赚，反而还会损失得很惨。因此，在股市拼杀中，设置止损和止赢尤为重要。所谓止损和止赢就是设定一个固定亏损和盈余率，到达位置即严格执行。其中，设定止赢尤其重要，否则也会不赢反亏。我的邻居张某，曾在28 元时买入了某只股票，我告诉他要设立止赢，就设在38元的位置，但到了38元他没卖，回调到37元我又让他卖，他说，我38元没卖，37元更不卖，到40 元再卖吧。结果呢，在25元时他割了肉。

秘诀之三

把握大势确保胜利果实不丢失

很多股民在牛市时是高手，而一旦遇到熊市或震荡就又成了“低”手，不仅不能在股市中再获利，反而还要把自己在牛市中获得的胜利果实给吐回去，如此一来，这些短线炒手纯粹是给券商白白打工。其实，在熊市和震荡市中不去搏杀，保住自己牛市的胜利果实更重要。股民除了应设立止损点和止赢点外，适时进行空仓观望和认真分析，准确把握大势也很重要。依笔者的经验看，在熊市中保住胜利果实的办法是，对几只自己看好的股票始终进行跟踪，并根据市场情况不断尝试进行虚拟买卖，自己不妄图能够买入历史最低价，当通过虚拟买卖发现升势已经开始确立，再杀入股市开始进行实盘操作。

秘诀之四

抓住暴跌机会适当建仓

股市暴跌主要分为两种形式，一种为个股暴跌，另一种为大盘暴跌。股民要想获利，抓住每一次暴跌机会，并瞅准好时机入市就等于抓住了“摇钱树”。一般情况下，股市每年都会出现2-5次的大盘暴跌。这些暴跌，往往都是偶然事件和重大利空消息造成的。如果大盘处于相对高点时出现暴跌，股民则需特别谨慎，以观望为主。但如果是处于主跌浪或者阴跌很久后出现的暴跌，股民则可考虑把握机会，对自己看好的股票适当建仓，因为很多牛股都是跌出来的。

秘诀之五

在很难操作时学会空仓

职业股民中的高手一般采用的是追涨杀跌的短线操作方式，而对于非职业股民来说，要做到以此获利则比较难，因为他们每天看盘的机会毕竟有限，相对来说追踪到热点的机会也就比较少。普通股民只有买上升趋势中的股票才可以获利，因此，普通股民如果感觉到市场上的股票很难操作，热点也难以把握时，就应考虑空仓。因为在这种情况下，绝大多数股票一般都会出现大幅下跌，涨幅榜上的股票涨幅很小，而跌幅榜上股票跌幅很大，假如此时再不考虑空仓，那就只有赔钱的份了。

秘诀之六

寻找买入理由巧避波动

用何种投资方式，才可以令股民避开每日价格变动的冲击，让他们在买卖股票中真正把握主动，获得收益呢？依笔者所见，下面这种方式值得一试。即在股民买进股票之前，先写下五项支持自己投资某家公司的理由，譬如该公司产品竞争力强，个别产业前景佳，公司财务比率符合标准，股票本益比在理想范围之内等等，并随时进行检查，特别是注意来自该公司各方面的消息与对公司的研究报告，如果有一天发现其中五项决定买进的因素中已经有三项理由不复存在，就考虑马上卖掉自己所持有的股票，否则就绝不轻易将该股票出手。采用这种方法进行买卖股票的理由是：股价的长期走势总不会和基本因素偏离太远，因而可以借着各项基本因素的变动来决定进出。

秘诀之七

对连涨股不轻易出手

很多人在决定卖出股票时，所持的理由仅仅是“因为我已经赚钱了。”这种想法绝对错误!卖股票，应该要卖没有赚钱的股票。任何股票只要还能再赚钱，就不要急着卖。

在具体操作过程中，股民往往会出现这样的状况：刚买进的股票上涨了1、2元钱便急着卖掉。结果呢？几天后，卖出的股票已经涨了7、8元。相反的，对于赔钱的股票，他们却耐心地等待翻本。其实，如果企业已经出现不良情况，翻本就遥遥无期了。因此，卖股票的理由应是“这种股票展望不佳”或是“这种股票表现太差”，千万不要把“已经有钱赚了”作为卖出的理由。

秘诀之八

认真分析行情上涨真实性

在股票市场，免不了“投机客”，因是“投机客”他们就会尽自己所能，去影响股市行情。因此，股民在投资股票时应认真分析行情，看是“投机客”轮番炒作所造成的局部涨势，还是“全民参与”的全面上涨行情，只有经过认真分析，才能放心进行投资。要判断是不是真材实料的上涨行情，成交量是最佳的指标。如果股市中大部分股票价位与成交量都毫无起色，只有少数明星股做“秀”般的表演，投资人就要特别小心。在整体成交量不大的情况下，极有可能是少数“团体”在“提拔明星”。当成交量明显增加后，指数若反而摇摇欲坠，表示股市已进入炒家与散户的“换手”阶段。

“黑天鵝”效應‧樂觀度打折‧馬股次季風險升高

2011-04-01T13:28:00.000+08:00

領域表現簡評

半導體：正面

隨半導體需求持續，維持今年全球半導體銷售成長5%，大馬業者有望自次季半導體需求攀漲中受惠，同時間接從平板電腦強勁成長中獲利。

電訊：正面

預見數據營業額的貢獻在次季平均改善1.3%，全年平均加強5%。智能手機與平板電腦也為領域造好扮演關鍵角色。

種植：正面

日本海嘯對棕油價影響暫時，不預見今年棕油價存下探風險，預計次季為每公噸3千令吉，下半年介於每公噸2千500至3千令吉，全年平均價達每公噸3千400令吉。

油氣：正面

保持全年油價預測每桶105美元，看好高油價帶動更多投資。國油提高額外150萬令吉的按年資本開銷，也進一步推動領域發展。

銀行：正面

維持全年貸款成長預測9%到10%，同時預見總呆賬比走疲至3.2%；經濟轉型計劃預料帶動非利息收入；利率上調有望作為賺幅的“護墊”。

保健：正面

大馬私人保健服務與醫療旅遊的需求與日俱增，國家關鍵經濟領域也增添領域動力。

建築：正面

除盈利成長預測達28%，也是大選的主要受益者，近期原料成本走高的衝擊料短暫。

港口：負面

出口節節敗退將進一步向業者施壓，此外，去年末季賺幅受挫，已流露出賺幅與收費受壓的窘境。

鋼鐵：負面

鐵礦石與廢鐵價走高已衝擊鋼鐵業者賺幅，全球產量走高但中國消耗量卻放慢，預見產能使用率持續平平。

4領域下半年
持續看好

今年全年經濟預計寫下5.3%增長，有望為企業未來盈利捎來春風，MIDF預見，特定領域下半年表現持續正面，包括銀行、建築、油氣與種植。

銀行因利率上調料推動盈利成長，預見利息收入、收費收入與海外業務表現改善，儘管法定儲備率走高，但相信影響中和。

建築則是第十大馬與經濟轉型計劃將支撐建築公司下半年與明年表現，不過建築賺幅可能受原料成本急起衝擊。2011年建築領域盈利平均成長預測為28%。

油氣因國家石油大幅提昇未來5年平均每年資本開銷增至500億到550億令吉，令前景看俏，2011財政年領域每股盈利料取得39.9%的強勁按年成長。

種植主要是供應萎縮料支撐棕油價持穩，2011年平均棕油價預測每公噸3千400令吉，領域今年或盼到超過9%的盈利成長。

经济新闻 march 30

2011-03-30T19:50:00.000+08:00

目标价：RM8.18

最新进展

云顶种植（GENP，2291，主板种植股）2月份油棕鲜果串产量按月增加9.9%，但按年比较没有显著变化。1至2月累积产量，则比去年同期来得低，主要是因为1月份的产量因面对埃尔尼诺现象而减低。

盘点分析

产量预计会在3月或4月以后恢复，2010年更高的肥料使用量，将推高全年产量。我们继续维持云顶种植2011财年至2013财年的净利预测，这段期间的鲜果串产量成长所做的推算，即4.7%、4.4%以及3.9%。

原棕油价格在今年至今为止，已开始从高峰期（2月2日）每公吨3872令吉，回软至每公吨3259令吉。原棕油现价目前徘徊于每公吨3300令吉左右。

我们对种植股的评级维持在“超越大市”，因为全球植物油供需不符。我们同时也将云顶种植的评级维持在“买入”，目标价格定在9.76令吉。

2.目标价：RM2.40

最新进展

马资源（MRCB，1651，主板建筑股）和怡克伟士（Ekovest，8877，主板建筑股）以40:60的股权比例成立联营公司，参与吉隆坡河流清理工程。

这项生命河流工程，是政府经济转型计划中的其中一项启动计划（EPP）。

盘点分析

由于马资源在河流清理工程具备良好的记录，然而在联营公司里却不是占据最大股权，因此令我们感到讶异。上述工程据说总值达80亿令吉。

不过，我们认为该公司很有机会获得其他河流清理工程，尤其是在彭亨和槟城，据悉，这两地的工程总值介于15至20亿令吉。

如果一切顺利，我们对展望保持正面，此外，该公司也有机会参与河流两旁的再发展计划，这也是最吸引人的重点。

3.目标价：RM6.28

最新进展

尽管手套的全球销量下滑，然而丁腈手套却是稳健增长。贺特佳（Harta，5168，主板工业产品股）的丁腈手套占了该公司总销量的83%，因此，促成该公司2010年第四季的营业额，按年按季成长26.6%和2.1%，超出其他的同行。

盘点分析

我们相信丁腈手套需求在先进国里依然保持强稳，尽管橡胶的价格下滑，我们也不认为从丁腈手套转用橡胶手套者的数量会很显著。

我们将贺特佳的目标价格维持在6.28令吉，由12.5倍的本益比中推算出来，同时，也比顶级手套（TopGlov，7113，主板工业产品股）14倍的本益比折价10%。

我们推荐贺特佳是因为其盈利成长潜能佳、良好的定价能力、净现金水平以及17%全球丁腈手套市占率。

我们很有可能在该公司于5月份公布2011财年的业绩后，调高该公司的评级以及2012财年的预测。

GAMUDA(5398) share can continue to buy???? TP 4.20

2011-03-30T19:42:00.000+08:00

AMRESEARCH has maintained a "buy" call on Gamuda Bhd but increased its fair value to RM4.25 from RM4.20 previously, taking into account the maiden contributions from the Sungai Buloh-Kajang mass rapid transit (MRT) project and the Madge Mansion development in the U-Thant area, Kuala Lumpur.

AmResearch, in a research note today, said the increasing newsflow on the MRT project, targeted to commence work by July, would likely re-galvanise investor interest in the company.

With its role as project delivery partner for the MRT project already established, other significant development in the project would lend further improvement to Gamuda share price, it said.

For the Madge Mansion, he said, the development consisting of 50 condominiums with a gross domestic development of RM250 million aimed to be launched in the financial year 2012, would further contribute to the company's domestic revenue.

However, a further delay in the Ipoh-Padang Besar double tracking project due to land acquisition issues would partly mitigate the contributions from the MRT project and Madge Mansion development. - BERNAMA

Maybank IB Research says Gamuda’s (5398.KU) 2Q FY11 results “should at least meet our forecast for a 26% growth in FY11 net profit” to MYR355 million. Gamuda delivered MYR88.5 million in net profit in 1Q (+11% on year and +16% on quarter), which made up 25% of the house’s full-year forecast. “The sequential quarterly earnings uptrSee Title, which started in 4Q FY09, may continue into 2Q FY11 as major construction works, like the double-tracking rail, have entered matured phases. Margins should at least sustain,” says Maybank. 2Q may however feature a MYR30 million impairment on its Yenso project in Vietnam due to the devalued VND (but likely just balance sheet item) while construction business will likely “unperturbed” by unrest in the Middle East, it adds. Gamuda’s only exposure in the region is the New Doha International Airport project with MYR200 million works outstanding. Results are expected on March 24. Maybank keeps the stock at Buy with an unchanged MYR4.45 target. The stock is down 0.5% at MYR3.74.

my target price for GAMUDA is RM4.2 and GAMUDA-WD is RM1.80

MASTEEL CAN BUY!!!! TP 1.30

2011-03-29T14:00:00.000+08:00

Malaysia Steel Works (KL) Bhd engages in the manufacture of steel bars and steel billets in Malaysia. The company, through its subsidiary also engages in the manufacture, and research and development of radioisotopes and radiopharmaceuticals products for positron emission tomography. Malaysia Steel Works is based in Petaling Jaya, Malaysia.

Bursa Malaysia: Malaysia Steel Works (KL) Bhd managing director and chief executive officer Datuk Seri Tai Hean Leng was increasing its stake to 31.76% or 66.93 million shares after the recent acquisition of 2.85 million shares.
presentation of Bursa Malaysia showed TYY Resources Sdn Bhd, which is considered of interest, acquired ; the stock on February 25 of RM1.38 each.
integrated steel maker back to profitability in the year ended December 31, 2010 in the back of a record of RM1 billion in revenue. Masteel recorded a net profit of RM28.18 million compared to net loss of RM8.09 million in FY09, while revenue rose 46.2% RM1 million from RM687.26 million in FY09. strong years of growth was due to the growing demand for its products and higher prices
--Bursa Malaysia: Integrated steel manufacturer Malaysia Steel Works (KL) BHD (Masteel) turned to profitability in the year ended December 31, 2010 in the back of a record of RM1 million d & # XF3; dollars in revenue.
Masteel said on Thursday, February 24 saw a net profit of RM28.18 million compared to net loss of RM8.09 million in FY09, while that revenues increased 46.2% to RM687.26 million RM1 million in FY09.
Masteeel attributed the strong growth year yeara the growing demand for its products and higher prices.

target price for this share- RM1.30

SILVER BIRD, GUANCHONG IS THE NEXT???

2011-03-28T23:44:00.000+08:00

SILVER BIRD GROUP

Silver Bird Group Berhad, an investment holding company, engages in the manufacture of frozen and daily fresh/shelf-stable bakery goods. It also involves in the sale and distribution of bakery goods and telecommunication products; and wholesale/logistics of bakery ingredients, as well as operates as a marketing and distribution agent for financial related products. The company is based in Shah Alam, Malaysia.

SILVER BIRD GROUP BHD’s net profit for the fourth quarter ended Oct 31, 2010 rose 36.66% to RM835,000 from RM611,000 a year ago mainly due to the sales growth in its core business of consumer food division.

Its revenue for the quarter rose 6.75% to RM153.92 million from RM144.19 million in 2009. Earnings per share were 0.22 sen while net assets per share was 53 sen.

Reviewing its performance in 4Q, Silver Bird said on Thursday, Dec 30 that its consumer food division’s revenue rose by 4% year-on-year from RM46.2 million to RM48.2 million due to sales channel expansion.

TP-RM0.65

GUAN CHONG BHD

Guan Chong Berhad, an investment holding company, engages in the production, marketing, and sale of cocoa-derived food ingredients primarily in Malaysia. The company also engages in the purchase and distribution of cocoa-derived food ingredients. It also markets and promotes chocolate related products and confectionaries. The company is based in Pasir Gudang, Malaysia. Guan Chong Berhad operates as a subsidiary of Guan Chong Resources Sdn. Bhd.

1 mth Ago--	Guan Chong 4Q Net MYR42.9M Vs MYR6.67M
7 mths Ago--	Guan Chong 2Q Net MYR19.5M Vs MYR2.23M
10 mths Ago--	Guan Chong 1Q Net MYR19.7M Vs MYR151,000

TP -RM2.70

SEGi plans 50% dividend payout

2011-03-28T08:19:00.002+08:00

SEG International Bhd (SEGi) has announced a dividend policy to distribute a minimum 50% of its group net profit to shareholders with effect from the financial year ending Dec 31, 2011.

In an announcement to Bursa Malaysia yesterday, the education group said its board believed the dividend payout was within the group’s financial capability considering its future earnings growth, adding that it had consistently paid dividends to its shareholders since its listing in 1995.

“The dividend policy aims to demonstrate to shareholders and potential investors the group’s commitment to reward its shareholders with consistent returns in line with the earnings growth of the group,” it said.

The announcement of the dividend policy came on the heels of SEGi’s managing director Datuk Clement Hii raising his shareholding to 32.44% from barely 0.81% when he was at the helm of Star Publications (M) Bhd last year.

Hii was executive deputy chairman of Star for two years from 2008.

He is now the single largest shareholder of SEGi, whose earnings have been on a strong growth path in the past four years.

For FY10 ended Dec 31, the education group posted a net profit of RM43 million, quadrupled from RM10 million in FY09. Revenue rose 31% to RM217.6 million from RM166.3 million previously. It announced in January a gross special dividend of 14 sen per share.

The education group has the financial capability to honour its proposed 50% dividend payout, says its directors.

Kenanga Research had earlier this year predicted that SEGi was likely to pay half its profits as dividends due to strong operating cashflow, less planned capex going forward and its low financial gearing position.

“This will translate into gross dividend per share (DPS), ranging from 16 sen to 23.2 sen in FY11 to FY13,” it said in a note in January. “We estimate the group could pay out as much as 90% of its net profit, including the recently-announced special dividend, as dividends in FY10,” the stockbroker added.

Based on Kenanga’s estimated dividends and yesterday’s closing price of RM3.46, the stock would offer a gross dividend yield of between 4.6% and 6.7% for FY11-FY13.

The research house had also pointed out that SEGi had on average been paying 24% of its profit as net dividends.

The firm rally on SEGi’s share price has boosted its market capitalisation of less than RM100 million a year ago to RM889 million based on yesterday’s closing of RM3.46.

SEGi share price had climbed from below RM1 in January last year to a historical high of RM3.60 early this month before it retreated to RM3.46 yesterday.

In a separate announcement, SEGi said it intended to seek shareholder approval at its upcoming AGM for a renewal of authorisation to carry out a share buy-back, adding that a circular to shareholders would be dispatched in due course.
This article appeared in The Edge Financial Daily, March 25, 2011.

6 Costs You Should Always Negotiate!!!

2011-03-27T14:01:00.000+08:00

With that philosophy in mind, follow these tips to negotiate the best possible deal on 6 common fees and expenses:

1. Credit Card Rates

• Why they are negotiable: Now that most of the dust has settled following the big credit card reform act, card companies are competing fiercely again for new customers. Issuers sent out 1.2 billion credit card offers in the third quarter of 2010 -- more than three times the number sent during the same period in 2009. "Use the competition to your advantage," says Ira Rheingold, executive director for the National Association of Consumer Advocates. "Don't jump at the first offer. You should argue for the best rate."

• Who to talk to: Call the 800 number associated with a new card offer (or the number on the back of a current card) and talk to the customer service rep. If the rep can't -- or won't -- adjust the rate, ask to speak with a manager.

• What to say: "I've gotten several credit card offers with lower rates. Tell me what you can do to beat those offers."

• Possible savings: How much you're able to lower your interest rate will depend on your credit and payment history, as well as your credit score. In a study conducted by the U.S. Public Interest Research Group several years ago, more than half of consumers who asked for lower rates got them, with their average APR dropping from 16 percent to 10.47 percent.

2. Mortgage and Refinancing Rates and Fees

• Why they are negotiable: "Mortgage lending has gotten difficult, which means that a lender will work hard to make a deal," says Rheingold. And that's particularly true for consumers with credit scores of at least 750.

• Who to talk to: Mortgage brokers or lenders at banks and credit unions.

• What to say: Get several estimates in writing and ask, "Here's the best deal I can get. Can you beat it?"

• Possible savings: In addition to offering better rates, lenders might reduce certain fees or even waive them altogether. To negotiate the lowest out-of-pocket costs, ask for discounts on all upfront fees, including application and origination fees. According to the Federal Trade Commission's website, comparing and negotiating mortgage fees can result in thousands of dollars of savings.

3. Home Improvements

• Why they are negotiable: "Business is slow and that means contractors are willing to haggle over their prices," says Greg Daugherty, executive editor of Consumer Reports. Plus, the prices of many common home building materials are down as much as 35 percent from their peak in the mid-2000s.

• Who to talk to: The contractor.

• What to say: "What are the options for less expensive materials? And what discounts can you offer me on labor?"

• Possible savings: Up to 20 percent of the cost of the project, according to a new survey by Angie's List, a website that publishes surveys and consumer reviews of service businesses. Of the home improvement contractors who were surveyed in 2010, 80 percent were willing to drop their prices to get a job (compared with 43 percent in 2008). And more than half of the contractors surveyed said they were willing to lower prices by 10 percent, with nearly 25 percent willing to drop their fees up to 20 percent.

4. Home Appliances and Electronics

• Why they are negotiable: Store managers understand that a discounted deal done today is often better than a potential deal in the future (and definitely better than no deal at all). One trick is to go first thing in the morning or just before the store closes when there are fewer customers. "A manager will hesitate to offer a discount if he thinks he'll have to make the same deal with all of the customers who overhear the negotiation," says Consumer Reports' Daugherty.

• Who to talk to: A store's manager or assistant manager.

• What to say: "I like this model. If you can give me a discount and free delivery, I'll buy it today."

• Possible savings: Profit margins are generally fairly thin on appliances and electronics, so getting 10 percent off is a reasonable goal, particularly if you can also get them to throw in free delivery and installation. Consumer Reports found that three-quarters of shoppers were able to negotiate a better deal on major appliances, with an average savings of $100 per appliance.

5. Cars

• Why it's negotiable: Car dealerships are one of the few places where price negotiations are not only acceptable, they're expected, notes Philip Reed, senior consumer advice editor for car-buying site Edmunds.com. But instead of trying to negotiate your purchase price down from the MSRP (the sticker price), as you might for other items, ask to see the invoice price (the price the dealer paid for the car) and work your way up from there. You can look up dealer invoice prices for free on Web sites like IntelliChoice.com, Edmunds.com, and KBB.com.

• Who to talk to: Sales staff.

• What to say: "Another dealership has given me a better price on the same model. Tell me how you can beat their offer."

• Possible savings: It's possible to save more than $1,000 on a new car by negotiating smartly, according to Reed. And you'll net even higher savings by also negotiating the value of your trade-in, as well as financing terms and the cost of extended warranties.

6. Medical Bills

• Why they're negotiable: Patients usually assume that the cost for various medical procedures and tests are set in stone, but often they're not. And with health care companies shifting more out-of-pocket costs onto consumers, asking for potential discounts is essential, particularly since there's often a huge variance in costs among providers, says Angie's List spokeswoman Cheryl Reed. In Washington D.C., for example, the price for an MRI of the right knee ranges from $400 to $1,501, according to a recent report. You can look up average prices in your area for various procedures at Healthcare Blue Book.

• Who to talk to: The billing administrator.

• What to say: "This is a significant expense for me. Is there a discount for paying upfront or in cash? What other kinds of discounts might be available?"

• Possible savings: Fifty percent or more. An Angie's List poll found that 74 percent of respondents who negotiated their medical bills were successful, often paying less than half of the original cost.

by Jodi Helmer.yahoo,finance

Stocks to watch: Pos Malaysia, HELP, TA Enterprise, Maybulk

2011-03-27T13:22:00.000+08:00

The FBM KLCI posted six straight days of gains last Friday, March 25, with the FBM KLCI up 0.77% or 11.66 points to 1,515.55 following the recent aftermath of the Japan earthquake and the on-going Mid-East turmoil but trading is expected to be lacklustre in the week ahead.
On Friday, Wall Street advanced for a third straight day, giving the S&P its best weekly performance since early February, but volume remained light as global uncertainty persisted.
The Dow Jones industrial average gained 50.03 points, or 0.41%, to 12,220.59. The Standard & Poor's 500 Index rose 4.14 points, or 0.32%, to 1,313.80. The Nasdaq Composite Index added 6.64 points, or 0.24%, to 2,743.06.
For the week, the Dow gained 3.1%, the S&P climbed 2.7% and the Nasdaq advanced 3.8%.
As for Bursa Malaysia, overall trading has been lacklustre and gains restrained also on concerns of high oil price, rising food prices and the impact on inflation, which is forecast to climb between 2.5% and 3.5% this year.
Malaysia’s consumer price index rose 2.9% in February 2011 from a year ago as prices for food & non-alcoholic beverages and non-food rose. The CPI rose 0.5% from January. For the period of January-February, the CPI rose 2.7% from the previous corresponding period.
The index for food & non-alcoholic beverages and non-food for the month of February 2011 showed increases of 4.7% and 2.1% respectively as compared to the same month in 2010.
While the market has managed to eke out marginal gains, investors are expected to nibble on selected stocks with on-going news, including RHB Capital and companies which announced their results including
HELP INTERNATIONAL CORPORATION Bhd
TA ENTERPRISE BHD
POS MALAYSIA BHD
MALAYSIAN BULK CARRIERS BHD
PACIFICMAS BHD
would see trading interest after declaring dividends.
Pos Malaysia declared dividends totaling 17.5 sen for the financial year ended Dec 31, 2010.
PacificMas announced a windfall, with an interim dividend of RM1.398 per share less 25% income tax (net RM1.0485 per share) and single tier dividend of 30 sen per share (tax exempt) for the financial year ending Dec 31, 2011.
Maybulk declared a final single tier dividend of 10 sen per share for the financial year ended Dec 31, 2010. The dividend would be paid on May 6 this year.

Written by Joseph Chin of theedgemalaysia.com

炒股投资获利六法!!!

2011-03-27T08:50:00.000+08:00

方法一：短期获利法

短期获利法是当某种股票一旦出现上扬行情时大量买进，待在短期内股价上涨到一个可观的高度又全部卖出的投资技巧。

短期获利的策略依据是：当股价涨升到一定价位时，往往会造成较大的起伏波动，此时，极易汇成争购的人潮，使股价出现持续的攀升现象，并创出新高。因此，只要预测准确，当股价出现高价攀升时买进，待其继续上扬之后全部卖出，就可获取一段可观的收益。

此种方法的优点是能抓住股价上涨时期的获利机会，提高资金的产出效率，不足之处在于：一是高点买进之后，可能会发生行情反转，使投资者蒙受损失；二是在更高价位卖出后，股价可能会继续走高，而不能获取最大效益。因此，采取短期获利法需要注意两点：一是要加强分析和预测；二是要选好买卖时点。

短期获利法较适合那些积极进取、风险承受能力强的投资者采用。

　　方法二：分批买卖法

分批买卖法指的是当股价下跌到一定程度后，投资者开始进入股市分批买进；而当股价上扬到一定高度后，则开始将持有的股票分批卖出。

分批买卖法是基于克服人性的优柔寡断弱点而应运而生的一种投资方法。股票投资者的良好愿望是能够在最低价买进和最高价卖出，但真正能在市场上如愿以偿的人却为数不多。通常的情形是，在股价下跌到可以入市时，许多投资者还认为股价会继续下跌，仍持币观望；而待股价强劲反弹时，又后悔莫及。另外，当股价上涨到应该脱手时，还认为股价会继续上扬，而待股价下跌时，不仅卖不出好价，有时甚至还难以脱手。

分批买卖克服了上述只选择一个时点进行买卖的缺陷。由于分批买卖进行的是多次买进和多次卖出，故而当股价下跌到某一低点时，投资者就可以开始买进，即使买入后股价仍下跌，投资者还可陆续予以购买。同样，当股价涨至某一高点时，投资者也不会因贪心而舍不得卖出，因为即使股价继续上涨，投资者手中还持有部分股票，仍能通过不断卖出而获利。至于分批买卖的时机，投资者最好根据一些技术分析的手段予以确定。通常的方法是：当一种股票的相对强弱指标低于20时，表示该种股票价格已经较低，其反弹的可能性很大，此时宜入市分批买进；而当相对强弱指标达80以上时，表明该股票的价格已处高位，其下跌的可能性极大，此时应将所持股票分批卖出。

　　方法三：均价成本投资法

均价成本投资法，又称金额平均法。它是在一定时期内，固定一定量的资金分期平均购买某种股票的投资方法。

具体操作方法是：选定某种具有长期投资价值且价格波动较大的股票，在一定的投资期间内，不论股价上涨还是下跌，都坚持定期以相同的资金购入该种股票。这样，投资者的每股平均买入价就低于平均市值。均价成本投资法的优点在于：一是方法简单。投资者只需定期定额投资，不必考虑投资的时间确定问题；二是既可避免在高价时买进过多股票的风险，又可在股票下跌时，有机会买到更多的股票；三是用少量资金便可进行连续投入，并可享受股票长期增值的收益。

采用这种方应注意三点：一要选择经营稳定、利润稳定上升的公司股票；二要有一个较长的投资期限。如果期限较短，效果则不太明显；三要选择价格波动幅度较大，且股价呈上升趋势的股票。

均价成本投资法适用那些有定期、定额资金来源的投资者。

　方法四：渔翁撒网法

渔翁撤网法是股票投资的组合方法之一。它指的是股票投资要像渔翁撒网一样，在同一时期将资金投向多种股票，以便在股票价格的涨落中获取盈利和降低风险。

采用渔翁网法的好处是，既能获取股票投资的收益，又可分散投资以降低风险。例如，当股票市场处于牛市时，由于各种股票会出现轮流上涨的情形，这样，股票投资者便可相继抛出手中的个股以获取收益。即使出现熊市，也由于投资者持有多种股票，总会有一些强势股，手中个股可能会出现部分涨跌相抵的情况，从而能够减少投资者的损失。

但由于这种方法奉行“哪种股票上升便卖哪种股票”的法则，较容易把手中的股票在价格低微时卖出，而长期将劣质股票握在手中，从而降低了自己的获利能力。基于这种理由，市场上也有一种“反渔翁撤网”的投资方法，即有选择地买进多种股票，哪种股票上升就多买一些，哪种股票下跌就卖掉它。由于股市中大多数时候是强者恒强，弱者恒弱，因此，此种方法可能使投资者保留较多的强势股而保障了投资者的未来获利能力。但由于“反渔翁撒网法”奉行的是“哪种股票价格下跌就卖出哪种股票”的法则，因而，又极易降低已成交股票的盈利水准。这两种方法各有利弊，投资者可根据自身的情况酌情选用。

　方法五：金字塔型买卖法

金字塔型买卖法是分批买卖法的变种。此法是针对股价价位的高低，以简单的三角形(即金字塔型)作为买卖的准则，来适当调整和决定股票买卖数量的一种方法。它分为金字塔型买入法和倒金字塔型卖出法两种。

金字塔型买入法，即正金字塔型(正三角形)的下方基底较宽且愈往上愈小，宽广的部分显示股价低时，买进数量较大，当股价逐渐上升时，买进的数量应逐渐减少。

采用这种愈买愈少的金字塔型买入法的优点在于：如果投资者在第一次购买行为完成后，股价仍处于上升通道中，投资者还可以第二次、第三次追加投入以增加获利机会。尽管它不如一次全部投入能获取更多的盈利，但却能减少因股价下跌可能给投资者带来的风险。如果股价在第二次、第三次购买后再出现下跌，也会因第二次或第三次买入的股数较少，而不会造成太大损失。由此可见，愈买愈少的金字塔型买入法既能增加获利机会，又能降低风险。

倒金字塔卖出法恰好相反。倒金字塔是下方较尖小，而愈往上则愈宽广。所以，倒金字塔卖出法要求，当股价不断升高时，卖出的数量应逐渐增加。它的优点是能在人气旺盛的时候卖出股票，出手容易，既能获得较好差价，又能降低风险。

　方法六：保本投资法

保本投资法是股票投资中避免血本耗尽的一种操作方法。

这里所说的“保本”，并不是保投资者用于购买股票的总金额，而是保投资总额中不容许被亏损的那部分。

采用此法最重要的不在于买进的时机选择，而在于做出卖出的决策，因此，获利卖出点和停止损失点的制订是关键。

获利卖出点，即为投资者获得一定数额投资利润时毅然卖出的那一点。这个时候的卖出，并不是将所有持股一口气统统卖光，而是卖出其所欲保本的那一部分。例如，某投资者心目中的“本”定为总投资额的50％，那么，他的获利卖出点，即为所持股票市值总值达到其最初投资额的50％时。在此一时点，该投资者可以卖出所有股票的1／3，先保其“本”。

进行了此次保本操作后，所持股票的市价总值与其最初的投资总额仍然相同。此后，投资者可以再制订其欲保的第二次“本”。仍以上述投资者为例，如果该投资者在进行了第一次保“本”之后，将其余所持股的“本”改为20%，即表示剩下的持股，再涨20％就可再卖掉1／6，又将此部分的“本”保了下来，然后，再制订其所剩下的持股的“本”。以此类推，这样，随着行情的不断上升，其持股的数量必然不断减少。不过，持股的市价总值却一直不变，始终等于最初的投资总金额。需要指出的是，获利卖出点的制订，是针对行情上涨所采取的一种方法。

至于行情下跌时，可以制订停止损失点来防范过分亏损。止损点的确定是行情下跌到只剩下投资者心目中的“本”时，给予卖出以保住其最起码的“本”的位置。简单地说，就是在行情下跌到一定程度时，全身而退以免蒙受过分亏损。