KLCI declined 1.88% today. 1850-1816

KLCI declined 1.88% today, from 1850 to 1816. 1850 is 50-day ma and 1786 is 200-day ma. -35 in 1 day and 30 more points is 200-day ma. Vertice Bhd, formerly Voir Holdings Bhd, has been awarded a sub-contract job valued at RM218.5mn in relation to upgrading works of the federal road from Gambang, Pahang to Segamat, Johor.  Tien Wah Press Holdings Bhd is seeking shareholders' approval to provide financial assistance of up to RM250.0min to a joint venture company and to diversify its business into property development and investment.  The Court of Appeal allowed the main contractor for the Penang International Airport 2010 and 2011 upgrading works, Syarikat Pembinaan Anggerik Sdn Bhd, to continue its legal action in relation to a RM44.0mn claim against Malaysia Airports Holdings Bhd.  CCM Duopharma Biotech Bhd aims to move up its ranking as the second top 10 pharmaceutical companies in Malaysia by value in the next 24 months from third currently, driven by its existing and new over-the-counter products to be launched.  OldTown Bhd will be delisted from Bursa Malaysia today, the same day when a notice will be sent to dissenting shareholders that Jacobs Douwe Egberts will be compulsorily acquiring the remaining stake it doesn't hold in the company.  Bina Puri Holdings Bhd plans to work with Sabah state investment arm Warisan Harta Sabah Sdn Bhd to build two small hydropower sites in Tuaran and Kota Belud, Sabah.  UMW Holdings Bhd remains interested to resume discussions with MBM Resources Bhd's major shareholders, Med-Bumikar Mara Sdn Bhd and its unit, Central Shore Sdn Bhd to acquire a 50.07% stake in MBMR.  MyEG Services Bhd has inked a preliminary agreement with Johor's state investment firm, Johor Corp, to explore the possibility of buying or leasing a piece of land located within the state's Muar Furniture Park.  Lee Swee Kiat Group Bhd is adopting a dividend payout policy of not less than 30% of its net profit for the financial year ended Dec 31, 2017 onward.   Bank of Japan Governor Haruhiko Kuroda said politics won't get in the way of exiting ultra-loose monetary policy, signalling the central bank's resolve to whittle down stimulus when inflation hits its elusive 2% target.

Ching Ming is a holiday in your fabulous country

I want to live in a country with lots of holidays. April 2018 Market Holiday Schedule Date Holiday Exchange Products Remarks Hong Kong CLOSED Australia NYBOT – Agriculture: Cocoa, 19:30 PM (Late Open) Coffee, Sugar #11 NYBOT – Agriculture: Cotton NORMAL ICE_UK – Equity: FTSE 100 CLOSED 2 Apr 2018 (Mon) Easter Monday ICE_UK – Financial: Long Gilt, CLOSED EURIBOR ICE U.S. & Europe IPE – Commodities: London Cocoa, Robusta Coffee, White CLOSED Sugar Equities & Interest Rate CLOSED EUREX Taiwan CLOSED 4th Apr 2018 (Wed) Children's Day SGX MSCI Taiwan Index NORMAL Hong Kong China CLOSED 5th Apr 2018 (Thu) Ching Ming Festival Taiwan FTSE China A50 Index SGX NORMAL MSCI Taiwan Index China CLOSED Taiwan 6th Apr 2018 (Fri) Ching Ming Festival FTSE China A50 Index SGX NORMAL MSCI Taiwan Index

IRB Taxed MAGNUM RM477mn

 Malaysia's GDP expanded 5.6% YoY in the 1Q17, fuelled by private sector-led investments, consumption and exports.  IHH Healthcare 1Q17 core net profit of RM201.8mn (-15.3% YoY) was below expectations.  Magnum Bhd's 1Q17 earnings of RM30.6mn was down 55.6% from a year ago, due to lower gaming sales and higher prize payout ratio.  Ranhill Holdings Bhd's net profit for 1QFY17 jumped 127% YoY to RM15.7mn, mainly because the previous year had recorded a one-off IMTN premium redemption that amounted to RM13.3mn.  Mitsui Co Ltd is buying 10% stake in Axiata Group Bhd's Cambodian subsidiary, Smart Axiata Co Ltd, for US$66mn, with option to buy another 10% in within 12 months.  Top Glove Corp Bhd has entered into 2 separate agreements - with A1 Glove Sdn Bhd and Titi Glove Sdn Bhd - to acquire 2 properties for a total consideration of RM60.7mn.  Tenaga Nasional Bhd has inked a MoU with Thai-based GOV Supply Limited to explore business opportunities in Thailand and Indochinese countries.  The Inland Revenue Board has served Magnum Bhd notices of tax assessment and penalties totaling RM476.6mn.  Malaysia Airports Holdings Bhd has confirmed the sale of a stake of less than 50% in the wholly-owned Istanbul Sabiha Gokcen International Airport in Turkey.  Cypark Resources Bhd has bagged 2 contracts worth a combined RM75.0mn to build 2 large-scale solar photovoltaic plants in Negeri Sembilan.  Star Media Group Bhd's proposed disposal of its 52.51% stake in Cityneon Holdings Ltd is "slightly credit negative" but is not expected to have immediate rating implications according to RAM Rating Services Bhd.  Metronic Global Bhd has appointed Ferrier Hodgson MH Sdn Bhd as special auditor to identify any irregularities in the company's transactions.  Nexgram Holdings Bhd has brought in a partner, ChinaAsian Capital Holding Ltd, to undertake the RM1.15bn Angkasa Icon City development project in Cyberjaya.  The European Commission on Friday said its measure of consumer sentiment across the 19-member currency area rose to minus 3.3 in May from minus 3.6 in April, reaching its highest level since July 2007.

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IWCITY MALTON to bid for Bandar Malaysia real estate project

 IOI Corporation Berhad's 9MFY17 core profit increased by 30.0% YoY to RM844.6mn. It is within expectations.  Inari Amerton Bhd posted a 9MFY17 core net profit of RM152.6mn (-18.0% QoQ, +40.8% YoY). This was within ours and consensus estimates.  Dialog Group Bhd's 3QFY17 net profit increased by 22.0% to RM97.8mn mainly attributable to higher contributions from its joint ventures.  BIMB Holdings Bhd's 1QFY17's revenue and PBT respectively increased by 3.2% YoY to RM919.6mn and 15.8% YoY to RM246.2mn.  IWH CREC Sdn Bhd is allowed to bid for the Bandar Malaysia real estate project again as long as the offer is right for the Malaysian Government.  Petroliam Nasional Bhd, through subsidiary Petronas LNG Ltd and shipping affiliate MISC Bhd, plans to team up with Gas4Sea partners and identify business opportunities in the supply of liquefied natural gas as marine fuel.  Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan has called for the adoption of the industrialised building system to be made mandatory for all players in the construction industry.  Sime Darby Bhd has received its bondholders' approval to restructure its US$800mn sukuk, which forms part of its plan to create three independent listed companies.  Sime Darby Motors, the automotive arm of Sime Darby Bhd, is selling its Australia and New Zealand Sime Darby Automobiles distribution businesses.  Turkey's TAV Havalimanlari Holding AS will bid for the Istanbul unit of Malaysia Airports Holdings Bhd if a stake in the operator of Turkey's second- biggest airport is put up for sale.  AirAsia Bhd is reportedly planning to set up a subsidiary company in Cambodia to cater to the anticipated rise in the number of passengers travelling to Phnom Penh, Siem Reap and Sihanoukville from Malaysia.  MyEG Services Bhd is close to sealing a deal to buy a controlling stake in popular food review website Eat Drink KL say sources.  Perdana Petroleum Bhd has proposed to undertake a private placement of up to 10% of the total number of its issued shares.  Eversendai Corporation Bhd announced that it has secured projects worth RM557.6mn to-date, bringing a total of RM1.3bn projects secured for the year 2017.  CAB Cakaran Corporation Bhd's 51% owned subsidiary, Tong Huat Poultry Processing Factory Pte Ltd, has exercised the option to purchase a factory site in Singapore for SGD6.1mn.  Tadmax Resources Bhd, which sees a turnaround this year, said it will go in alone and build a 1,000MW combined-cycle gas-fired power plant project in Pulau Indah, Selangor after Tenaga Nasional Bhd declined the offer to participate in the project.  Grand-Flo Bhd is disposing 8.1% of its equity interest in Simat Technologies Public Company Ltd for a total cash consideration of THB106.6mn.  The US residential starts fell 2.6% to 1.17mn annualized rate vs. forecast 1.26mn, lowest since November, while permits decreased 2.5% to 1.23mn million annualized pace vs. forecast 1.27mn.

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Lazada 7-Eleven MOLPay partnerships

 Malaysia's industrial output expanded 4.6% in March from a year ago, boosted by the manufacturing sector, but the growth was slower than Bloomberg's survey of a 4.8% increase.  The April MPOB data showed palm oil stockpiles rose 1.6mn tonnes (+3.0% MoM, -11.3% YoY), within market expectations of 1.63mn -1.65mn tonnes, and the monthly production increased to 1.55mn tonnes (+5.7% MoM, +19.0% YoY).  SP Setia Bhd's 1Q17 net profit drop 14.8% YoY to RM105.2mn but we deem this to be within expectations as we expect a lumpy revenue recognition from the remaining 9 blocks of Phase 1 Battersea Power Station in 2Q17 and 3Q17.  Malaysia Airports Holdings Bhd registered 10.7mn passengers in April 2017, an increase of 14.7% YoY.  Kerjaya Prospek Group Bhd has bagged a contract worth RM207.4mn for the construction of 166 units of three-storey semi-detached houses, 99 units of three-storey bungalows and ancillary works in Shah Alam.  Mitrajaya Holdings Bhd has bagged a RM160.1mn contract to build residential buildings for a higher learning institution here.  CAB Cakaran Corp Bhd has proposed to undertake a share split of every two existing shares into five split shares, and a bonus issue of up to 138.7mn new split shares to be credited as fully paid-up with 1 bonus share for every four split shares.  Matang Bhd has lost the bid for two parcels of oil palm land in Raub, Pahang, alongside a 60-tonne per hour palm oil mill on-site.  Lay Hong Bhd clarified that its plan to sell a 30% stake in its grocery retailer unit, G-Mart Borneo Retail Sdn Bhd, for a reduced price of RM9.5mn to PanPages Bhd is not expected to result in material gain or loss.  Star Media Group Bhd's board of directors has given the green light for the sale of its 52.5% stake in Cityneon Holdings Ltd, according to sources familiar with the matter.  PRG Holdings Bhd has submitted an application to the Hong Kong Stock Exchange for the proposed listing of its manufacturing business on the Growth Enterprise Market.  7-Eleven Malaysia Holdings Bhd aims to have 20 customers a store per day for offline payment solution through its partnership with Lazada Malaysia and MOLPay.  The European Union raised its 2017 economic growth forecast to 1.9% from 1.8% previously, saying the bloc's revival is strengthening despite geopolitical risks that could undermine its fifth year of recovery.

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KLCI started the week without a positive note

17 October 2016 The FBM KLCI index lost 5.26 points or 0.32% on Monday. The Finance Index fell 0.10% to 14211.46 points, the Properties Index dropped 0.03% to 1212.14 points and the Plantation Index down 0.14% to 7903.19 points. The market traded within a range of 7.42 points between an intra-day high of 1661.13 and a low of 1653.71 during the session. Actively traded stocks include AT, HIBISCS, MNC-OR, HSI-C36, MELEWAR, RGB, PTRANS, TRIVE, MYEG-CY and HEVEA. Trading volume decreased to 1261.86 mil shares worth RM1516.69 mil as compared to Friday's 1341.79 mil shares worth RM1488.87 mil. Leading Movers were ASTRO (+3 sen to RM2.82), BAT (+50 sen to RM48.34), CIMB (+2 sen to RM4.77), HLBANK (+4 sen to RM13.20) and TM (+2 sen to RM6.70). Lagging Movers were SIME (-11 sen to RM7.75), GENTING (-11 sen to RM7.82), GENM (-6 sen to RM4.73), MISC (-9 sen to RM7.50) and YTL (-2 sen to RM1.75). Market breadth was negative with 322 gainers as compared to 440 losers. The KLCI started the week with a negative note, closed lower at 1653.71 points despite last Friday's gains in US market. The performance of our local bourse was mainly bogged down by selling interest in heavy weight counters such as SIME Darby, Genting Malaysia and YTL Corporation.

父母早亡无弟兄一人守着薄产过日子

门子笑道:"不瞒老爷说,不但这凶犯的方向我知道,一并这拐卖之人我也知道,死鬼买主也深知道.待我细说与老爷听:这个被打之死鬼,乃是本地一个小乡绅之子,名唤冯渊,自幼父母早亡,又无兄弟,只他一个人守着些薄产过日子.长到十八九岁上,酷爱男风,最厌女子.这也是前生冤孽,可巧遇见这拐子卖丫头,他便一眼看上了这丫头,立意买来作妾,立誓再不交结男子,也不再娶第二个了,所以三日后方过门.谁晓这拐子又偷卖与薛家,他意欲卷了两家的银子,再逃往他省.谁知又不曾走脱,两家拿住,打了个臭死,都不肯收银,只要领人.那薛家公子岂是让人的,便喝着手下人一打,将冯公子打了个稀烂,抬回家去三日死了."
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