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Gordon87 Member Star
Total Cumulative Posts 21
Joined Dec 2018
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Blog 10 Jun 2019, 12:08:08 PM

HLIB analysis TP 0.51-0.605 yeah


Blog 30 May 2019, 4:29:52 PM

this one even better

ARB secures RM60.43m residential development IoT job

KUALA LUMPUR (May 30): ARB Bhd, formerly known as Aturmaju Resources Bhd, said it has secured a RM60.43 million contract to carry out Internet of Things (IoT) systems, engineering, procurement, commissioning and management works for a proposed residential development at Shah Alam, Selangor.

In a filing today, the group said its indirect wholly-owned subsidiary Arbiot Sdn Bhd had accepted a letter of award (LoA) from Prinsiptek Corp Bhd's subsidiary Prinsiptek (M) Sdn Bhd to carry out the works.

The duration of the works will be for a period of 18 months from the date of the award, subject to any negotiation between both parties.

ARB estimated a financial commitment of approximately RM20 million for the project, which will be funded via bank borrowings.

"The board is of the view that the LoA will not have any material effect on the issued share capital and substantial shareholders' shareholdings of the company as there is no issuance of new ordinary shares in the company.

"The LoA is expected to contribute positively to the company's future earnings, earnings per share and enhance the consolidated net assets of the company," said ARB.

ARB rose 3.5 sen or 8.24% to 46 sen during the noon market break, translating to market capitalisation of RM55.16 million.

Blog 04 Mar 2019, 6:37:01 PM

wow, Aturmaju enters another MOU with 78million contract


Blog 27 Feb 2019, 4:49:20 PM

haha, i was lucky to read this thread edi buy earlier b4 price goes up kekeke

Today thedge announced that aturmaju increase 0.25sen. yeah

Blog 22 Feb 2019, 5:29:09 PM

already signed with YESS COMM with recurring yearly of 20million. you have a good eye on counters.

CorporateSTOCK: SIME (4197)
Blog 22 Feb 2019, 10:49:11 AM

For 1HFY19, core net profit improved 12% YoY while revenue rose 8% YoY. The group continued to lean heavily on its industrial segment as the motors business struggles, particularly in China. The two segments make up 94% of the group’s core PBIT while the other business operations are too marginal to cushion any major decline in either of the two key ones. Zooming in into the motors segment, China and Malaysia made up over two-thirds of PBIT. Sales in both markets improved in 1HFY19 (China up 19%, Malaysia up 8%) but the changing landscape in China has trimmed margins there by 1.2ppt to 1.4% from an already razor-thin 2.6% in the previous year. Earnings from China fell 38%YoY. To better illustrate the severity of the situation: Sime earned roughly an equal amount from China and Malaysia, despite selling over twice the amount in the former. The group hopes to reap better margins from several key launches aimed at its core markets, primarily updates on the BMW X5, 3 series and 5 series (the three form over a third of Sime’s BMW sales in China). Margins there are crawling up but consumption in China may still be held back as the final impact of trade tensions remains unclear. We see no major catalysts to drive Sime apart from the continued strength in the industrials segment. It still has some housekeeping to do following the demerger in end-2017 and resolved to identify non-core assets for this purpose within the next 3-5 years.

CorporateSTOCK: SIME (4197)
Blog 22 Feb 2019, 10:48:44 AM

For 2QFY19, core net profit fell 24% to RM168mil despite a 7% improvement in revenue. Rising momentum from the industrial segment was pulled back by slower core earnings of the motor segment. The latter continued to struggle with poor margins in China on sector-wide heavy discounting. Both sales and margins there improved slightly but remained significantly below their historical levels.

CorporateSTOCK: SIME (4197)
Blog 22 Feb 2019, 10:48:27 AM

We maintain HOLD on Sime Darby with a lower SOP-based FV of RM2.33/share (from RM2.42) and a PE of 12x for its motors segment. We trim our FY19-21 projections by 4-7% after cutting margin assumptions for the key markets in the motor business. While the prospects for the industrial segment serve as a strong foundation for the group (with an order book of RM2.5bil), we do not see any compelling growth story.

CorporateSTOCK: SIME (4197)
Blog 22 Feb 2019, 10:46:16 AM

Sime Darby Plantation chief strategy and innovation officer Dr Shariman Alwani presented a at Bursa Malaysia’s Investors Knowledge Sharing event yesterday, speaking on the plantation sector. Shariman said that to counter allegations of deforestation, it has to be stressed and highlighted that oil palm only accounts for 0.4% of total world agricultural land or 20mil hectares out of 4.9bil hectares. In addition, oil palm accounts for less than 7% of global oilseed harvested areas. He added that if not for oil palm, which has a higher oil yield than other vegetable oils, more than 250mil hectares of forest land would have been cleared.

CorporateSTOCK: AMBANK (1015)
Blog 22 Feb 2019, 10:45:26 AM

As at the end of 3QFY19, capital position remained healthy with an FHC CET1 ratio of 12.0%. The group issued RM1.5bil of Tier 2 capital in 3QFY19 to strengthen its capital position. Disposal of legacy retail NPLs announced earlier has been targeted to be completed by 4QFY19, and this will be earnings and capital accretive to the group.

CorporateSTOCK: AMBANK (1015)
Blog 22 Feb 2019, 10:45:09 AM

9MFY19 NIM was compressed by 5bps YoY to 1.93%. This was impacted by the rebalancing of loan portfolio and deposit mix. Gross impaired loan (GIL) ratio improved to 1.62% in 3QFY19 vs 1.72% in 2QFY19 and 1.77% in 1QFY19 (industry: 1.5%). Retail banking and investment banking’s GIL ratios remained steady at 1.32% and 0.10% respectively. Meanwhile, GIL ratios for wholesale and business banking improved QoQ to 2.18% and 1.68%. Loan loss cover including regulatory reserves rose to 116.8% as at end of 3QFY19.

CorporateSTOCK: AMBANK (1015)
Blog 22 Feb 2019, 10:44:07 AM

Customer deposits grew 11.0% YTD, at a faster pace than loans. CASA was up 9.0% YTD vs. the industry’s 2.0%. CASA ratio declined slightly to 20.7% but its retail CASA mix continued to hold up at 53.5%. Group LDR and loan-toavailable funds ratios were 94.8% and 80.5% respectively. LCR for financial holding company and net stable funding ratios for banking entities were all above 100.0%.

CorporateSTOCK: AMBANK (1015)
Blog 22 Feb 2019, 10:43:20 AM

Gross loans grew 4.0% on a year-to-date (YTD) basis or 5.6% annualised. It was supported by loans in the targeted segments, midcorp, retail SMEs, business banking as well as mortgages but partially offset by the continued contraction in auto loans. The group’s exposure to the real estate, construction and oil & gas sectors remained at 8.0%, 4.0% and 2.0% of its total loans respectively.

CorporateSTOCK: AMBANK (1015)
Blog 22 Feb 2019, 10:42:34 AM

9MFY19 net profit of RM1.05bil (+19.0%YoY) was within expectations, making up 73.8% of consensus estimates. Preprovisioning operating profit rose by 18.2%YoY, supported by rise in NII, lower opex and net write-back in impairments of RM33.4mil. NOII for 9MFY19 declined due to weaker contributions from funds management, IB and markets businesses. With initiatives to manage cost under the BET300 programme, opex fell by 9.5%YoY in 9MFY19. This led to a positive JAW of 12.0%. 9MFY19 CI ratio improved to 51.6%. Meanwhile, credit cost continued to be benign at -0.04% for 9MFY19. ROE for 9MFY19 rose to 8.2% vs. 7.2% in 9MFY18.

CorporateSTOCK: AMBANK (1015)
Blog 22 Feb 2019, 10:40:31 AM

AMMB Holdings (AMMB) reported a stable net profit of RM350mil (+0.5%QoQ) in 3QFY19. Total income was lower by 6.0%QoQ in 3QFY19 despite recording an increase in net interest income (NII) by 2.0%QoQ. This was due to lower noninterest income (NOII) as a result of a volatile market and weaker market sentiment. Nevertheless, this was offset by a net write-back in impairments of RM51mil driven by large corporate recoveries. In 3QFY19, there were recoveries for 3 large corporate accounts amounting to RM150mil. These included RM100mil realised against the borrowers’ collaterals.

CorporateSTOCK: SEACERA (7073)
Blog 22 Feb 2019, 9:53:13 AM

Zooming in on shares of SEACERA GROUP BERHAD (7073.KL) we have seen that the stock price has gained 54.76% over the last 4-weeks. If we look back over the last half-year, we can see that the stock has moved -25.29%. For the last full-year, shares have seen a change of -56.67%. Following recent action, shares have changed -7.14% over the last 5 trading periods.

CorporateSTOCK: AAX (5238)
Blog 22 Feb 2019, 9:52:17 AM

KUALA LUMPUR (Feb 21): AirAsia X Bhd (AAX), whose co-founder Tan Sri Tony Fernandes expects 2019 to be its best-ever year, posted a net loss of RM99.27 million or 2.4 sen per share for the fourth quarter ended Dec 31, 2018 (4QFY18), a contrast to net profit of RM84.42 million or two sen per share in the previous corresponding quarter.

Quarterly revenue dropped 5.93% to RM1.15 billion from RM1.22 billion in 4QFY17, according to its filing with Bursa Malaysia today.

The low-cost long-haul carrier attributed the loss-making quarter to lower operating profit as a result of increase in average fuel price of US$89 per barrel in 4QFY18 compared with US$69 per barrel in 4QFY17.

CorporateSTOCK: IWCITY (1589)
Blog 22 Feb 2019, 9:50:34 AM

CorporateSTOCK: ARBB (7181)
Blog 20 Feb 2019, 12:49:02 PM

yeap u r right, q4 result apparently will be good based on facts, like YESS edi sign contract with aturmaju of 20million recurring year plan. see see here

CorporateSTOCK: ARBB (7181)
Blog 20 Feb 2019, 10:10:35 AM

yeap u r right, q4 result apparently will be good based on facts, like YESS edi sign contract with aturmaju of 20million recurring year plan. see see here

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