AER Global

25/05/2018

An independent research report prepared by Asia Equity Research

25/05/2018

Prepared by Asia Equity Research, an independent research report

25/05/2018

Research article on Scientex Berhad prepared by Asia Equity Research

29/04/2018

This is an article that provides some information that can be gathered from analysis of companies that are listed in LEAP Market updated until 27 April 2018 at our blog: ☘️☘
See attached file and table for the financial and valuation metrics ☘️☘

If you have any enquiries, kindly direct to: [email protected]
Thank you

06/04/2018

Daily Corporate News (Fri, 6 Apr 2018)

-The Sun-

Latitude Tree Holdings Bhd (7006) today announced that a fire incident at a factory building in Binh Duong, VIetnam belonging to RK Resources Co Ltd, an indirect wholly-owned subsidiary of the company, may have seen losses of US$5.5 million (RM21.45 million) in inventory, building and machinery.

Dialog Group Bhd (7277) is partnering with the Johor government for the development of the third phase of the Pengerang deepwater terminal in Johor at an indicative initial cost of investment of RM2.5 billion.

-The Star-

Regional payment service provider GHL Systems Bhd (0021) is buying local rival Paysys (M) Sdn Bhd for RM80mil in cash and new shares, as the company seeks to boost its market share in the business.

Benalec Holdings Bhd (5190) has secured a contract to undertake the construction, completion and maintanence of rock revetment and associated works in Melaka for a sum of RM21.56mil.

-The Edge-

Perak Corp Bhd’s (8346) subsidiary Lumut Maritime Terminal Sdn Bhd has inked three operation & maintenance (OM) agreements with Lekir Bulk Terminal Sdn Bhd, which is expected to contribute RM800 million over a period of 26 years.

Protasco Bhd (5070) has been awarded an eight-year extension of its concession to maintain Federal Roads in central and eastern Peninsular Malaysia until 2026, and two other road maintenance concessions in Perak.

Maxwell International Holdings Bhd (5189) and its president-cum-executive director, Li Kwai Chun, have been publicly reprimanded by Bursa Malaysia Securities Bhd for failing to issue the company’s annual report for financial year 2015 and 2016 within the required period.

05/04/2018

Daily Corporate News (Thurs, 5 Apr 2018)

-The Sun-

Hiap Teck Venture Bhd (0160) is disposing of a 20% stake and shareholders advances in Eastern Steel Sdn Bhd to China’s Jianlong Industry Company Limited for 225.6 million yuan (RM139.3 million) cash, in a bid to restart operations, which have been halted since October 2015.

Bursa Malaysia Securities Bhd has publicly reprimanded Seacera Group Bhd (7073) in respect of the group’s fourth quarter report for the financial year ended Dec 31, 2016 that contravened Bursa Malaysia Securities Main Market Listing Requirements.

-The Star-

Top Glove Corp Bhd (7113) has increased its production capacity to 57.24 billion pieces a year with the completion of the RM1.37bil acquisition of Aspion Sdn Bhd.

Datasonic Bhd (5216) says its key subsidiary Datasonic Smart Solutions Sdn Bhd (DSSSB), the developer of the new MyKad for the Government, had been granted a tax exemption for another five years.

-The Edge-

Bertam Alliance Bhd (9814) has been classified as an affected listed issuer under Practice Note 17 (PN17) as Bursa Malaysia has rejected its application for a waiver.

03/04/2018

Daily Corporate News (Wed, 4 Apr 2018)

-The Sun-

Practice Note 17 (PN17) company MAA Group Bhd (1198) is paying out another round of dividends with RM32.82 million and allocating RM28 million for a potential investment in an independent oil producer in Kaliningrad, Russia.

UWM Holdings Bhd (4588) is still not giving up on its take over bid for MBM Resources Bhd (5983) despite being rejected for the second time.

Goodway Integrated Industries Bhd’s (7192) unit Goodway Rubber Industries Sdn Bhd has signed a sale and purchase agreement with CK Rubber Industries Sdn Bhd for the disposal of a warehouse-cum-office building for RM6.8 million cash.

Transportation and logistics group See Hup Consolidated Bhd (7053) is acquiring 51% equity interest in SH Moment Builder Sdn Bhd from two vendors for RM382,500 in a bid to expand its interest in public projects.

-The Star-

Vertice Bhd (7240) said it has secured a RM218.46mil sub-contract from Kumpulan Liziz Sdn Bhd for road upgrading works from Gambang, Pahang to Segamat in Johor.

Bina Puri Holdings Bhd's (5932) unit plans to work with Warisan Harta Sabah Sdn Bhd to build two small hydropower plants in the state. The Sg. Tuaran project will have a capacity of 5MW and the Sg. Wario project in Kota Belud 3.5MW.

-The Edge-

Tien Wah Press Holdings Bhd (7374) is seeking shareholders' approval to provide financial assistance of up to RM250 million to a joint venture company, and to diversify its business into property development and investment.

The Court of Appeal allowed Penang International Airport 2010 and 2011's upgrading works main contractor Syarikat Pembinaan Anggerik Sdn Bhd to continue its legal action in relation to a RM43.99 million claim against Malaysia Airports Holdings Bhd (5014).

03/04/2018

Daily Corporate News (Tue, 3 Apr 2018)

-The Sun-

Malaysian Bulk Carriers Bhd (Maybulk 5077) proposes to sell its entire 21.23% stake in Singapore-listed PACC Offshore Services Holdings Ltd (POSH) to its shareholders via a renounceable restricted offer for sale exercise involving up to 386.39 million POSHshares.

Solid Automotive Bhd (5242) is looking to acquire a 90% stake in Borneo Technical Co (M) Sdn Bhd, a company involved in the marketing and distribution of automotive replacement parts, industrial supplies and marine products.

WCT Holdings Bhd (9679) has acquired 60% equity interest in Subang Skypark Sdn Bhd for RM44.56 million cash.

-The Star-

Tenaga Nasional Bhd's (5347) unit has secured a £120mil (RM652mil) financing facility with Bayerische Landesbank which will be used to finance its 80% stake in two UK-registered renewable firms.

Rhone Ma Holdings Bhd (5278) has entered into a distribution agreement with Zoetis Malaysia Sdn Bhd for the distribution of aninmal health products related to poultry.

Maxis Communications Bhd (5051), which is owned by T. Ananda Krishnan, has pumped in RM56.44mil to enable its bankrupt mobile phone operator Aircel in India to pay salaries to its around 5,000 employees and tide over immediate operational expenses.

Hibiscus Petroleum Bhd (5199) has completed its acquisition of 50% participating interest in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract and the joint operating agreement in relation to the PSC.

-The Edge-

Pasukhas Group Bhd (0177) has proposed to diversify its business to include property development and coal trading.

CIMB Group Holdings Bhd (1023) received approval from the Securities Commission Malaysia today for the proposed sale of its Malaysia cash equities business to Jupiter Securities Sdn Bhd. This includes the sale of a 100% equity interest in CIMB Futures Sdn Bhd.

Datasonic Group Bhd (5216) is buying a factory in Klang for RM18.88 million to be used for smart card manufacturing.

GFM Services Bhd (0039) has bagged an RM51.78 million contract from Sinar Uni-Resources Sdn Bhd to provide integrated facilities management (FM) services for the Sabah state administration centre in Kota Kinabalu.

02/04/2018

Daily Corporate News (Mon, 2 Apr 2018)

-The Sun-

Sime Darby Property Bhd (5288) sold 126 units of its double storey link homes, from its first township offering in five years, within an hour of its launch on March 31, 2018.

Felda Global Ventures Holdings Bhd's (FGV 5222) subsidiary Delima Oil Products Sdn Bhd (DOP) is seeking US$11.7 million (RM45.2 million) from Safitex General Trading LLC in Dubai.

Kumpulan Perangsang Selangor Bhd (KPS 5843) has proposed to undertake a bonus issue of up to 38.38 million new KPS shares on the basis of one bonus share for every 13 existing shares held.

Pavilion Real Estate Investment Trust (5212) has decided not to proceed with its placement exercise after taking into consideration the prevailing market price performance of the units as well as the debt funding option and capacity available to the group.

Chin Hin Group Bhd (5273) is disposing of its loss-making indirect wholly owned subsidiary Formino Metal Sdn Bhd for RM10.97 million.

Enra Group Bhd's (8613) wholly owned indirect subsidiary Enra Engineering And Fabrication Sdn Bhd has served a payment claim against Gemula Sdn Bhd for a total of RM10.22 million.

KKB Engineering Bhd's (9466) subsidiary OceanMight Sdn Bhd has been awarded a contract from Petronas Carigali Sdn Bhd for the provision of engineering, procurement, construction and commissioning of wellhead platforms for D18 phase 2 project and D28 phase 1 project.

-The Star-

AT Systemization Bhd (0072) has received orders for precision tooling parts and mechanical components with an estimated market value of RM21mil for the 2018 financial year ending March 31.

Bintulu Port Holdings Bhd (5032) plans to diversify into providing bunkering services at Bintulu Port for commercial vessels. The company has the Samalaju Industrial Port on the South China sea.

Sumatec Resources Bhd (1201) has been granted an award from Markmore Energy (Labuan) Ltd worth US$120mil (RM480mil) to construct a condensate extractions plant for the Rakushechnoye oil and gas (O&G) field in Kazakhstan.

-The Edge-

Felda Global Ventures Holdings Bhd (FGV 5222) is now back in mergers and acquisition (M&A) mode, according to chairman Datuk Azhar Abdul Hamid in an interview with The Edge Malaysia, as it looks to correct its ageing oil palm age profile in order to raise its fresh fruit bunch (FFB) yield per hectare.

An arbitral tribunal has ordered a state-owned Indian company to pay US$5.13 million to a consortium comprising Sime Darby Bhd (4197) and another firm, as settlement in a dispute related to an oil and gas platform project in India.

Automotive manufacturer Sapura Industrial Bhd (7811) is buying a piece of vacant industrial land in Bandar Sri Sendayan, Negeri Sembilan for RM15.97 million.

Minetech Resources Bhd (7219) announced today its 70%-owned subsidiary has signed a 21-year power purchase agreement (PPA) with Tenaga Nasional Bhd (5347).

Nylex (M) Bhd (4944) is monetising its logistics subsidiary, NYL Logistics Sdn Bhd, for RM14.4 million, as the group does not foresee it delivering high returns.

30/03/2018

Daily Corporate News (Fri, 30 Mar 2018)

-The Sun-

Berjaya Assets Bhd (3239) proposes to undertake a bonus issue of warrants on the basis of one warrant for every two shares held.

Farlim Group (Malaysia) Bhd (6041) has proposed a bonus issue of 28.07 million bonus shares on the basis of one bonus share for every five existing Farlim shares.

Ekovest Bhd (8877) has no plans to revisit its take over offer for Iskandar Waterfront City Bhd (1589) after the deal fell through.

-The Star-

Sapura Energy Bhd (5218) and its two joint venture (JV) partners had been awarded Block 30 in Sureste Basin, a proven and prolific hydrocarbon province in the Gulf of Mexico.

Metronic Global Bhd (0043) received a big boost when it secured a RM50mil contract to undertake the underground works for part of the Mass Rapid Transit 2 (MRT 2).

-The Edge-

Excel Force MSC Bhd (0065) has proposed to dispose of its office premises in Plaza33 to the owner of the building for RM15.67 million.

Prestariang Bhd (5204) has been awarded an RM38.23 million contract by the Inland Revenue Board to provide Microsoft software licences, products and services.

Sime Darby Plantation Berhad (5285) today achieved 100% Malaysian Sustainable Palm Oil (MSPO) certification, making it the largest producer of MSPO-certified palm oil to date with a total annual crude palm oil production capacity of approximately 1.2 million metric tons.

Bumi Armada Bhd (6793) has clarified it currently does not have a confirmed plan to set up a special purpose vehicle and to inject some of its floating production storage and offloading assets into the entity, but is constantly assessing its options.

29/03/2018

As risk of Trade War is increasing, Gold seems attract attention from investors for its safe haven character.

>>>The content shared here does not constitute any form of recommendation or endorsement by us.

(March 29): Gold bulls are finding 2018 offers plenty of reasons to be cheerful. Bullion’s wrapping up a third quarterly gain, a feat not seen since 2011; fund holdings are at the highest in a half-decade; and haven demand may get a boost with foreign-policy hawks in the ascendant in Washington.

29/03/2018

Daily Corporate News (Thurs, 29 Mar 2018)

-The Sun-

PUC Bhd (0007) is looking to collaborate with Ali Health Sdn Bhd to jointly promote blockchain technology and other related solutions to the healthcare industry.

The Inland Revenue Board has slapped SP Setia Bhd (8664) with an additional income tax and penalty for a second time, this time totalling RM32.54 million.

UMW Holdings Bhd (4588) said PNB Equity Resources Corp Sdn Bhd has requested for time until April 30 to accept UMW’s offer to acquire its equity interest in Perusahaan Otomobil Kedua Sdn Bhd (Perodua).

-The Star-

Telecommunications network solutions provider OCK Group Bhd (0172) has entered a memorandum of understanding with ISCO Infrastructures Inc to pursue tower business opportunities in the Philippines.

Yinson Holdings Bhd’s (7293) joint venture (JV) – PTSC Ca Rong Do Ltd – has been directed to halt its operations for the time being for the Ca Rong Do or Red Emperor field offshore Vietnam.

-The Edge-

Tenaga Nasional Bhd (5347) today signed a large-scale solar (LSS) photovoltaic power purchase agreement (PPA) with special purpose company, KBJ Hecmy Sdn Bhd in conjunction with a competitive bidding exercise by the Energy Commission to develop transmission-connected LSS projects.

DKLS Industries Bhd (7528) has secured an RM101.82 million job from the government to undertake a water transfer scheme project in Kedah.

Titijaya Land Bhd (5239) is buying shares of a loss-making privately-owned property company that owns a 27,550 sq m piece of land in Ampang here, for RM9.9 million.