Friday, March 12, 2010

PROPOSED BONUS ISSUE

Company NameGENETEC TECHNOLOGY BERHAD
Stock Code / Short Name0104 / GENETEC
Date & Time Announce12/03/2010 7:22:00 PM
SubjectPROPOSED BONUS ISSUE

GENETEC TECHNOLOGY BERHAD (GENETEC OR THE COMPANY)
PROPOSED BONUS ISSUE OF UP TO 127,890,000 NEW ORDINARY SHARES OF RM0.10 EACH IN
GENETEC (SHARE) (BONUS SHARES) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY
ONE (1) EXISTING SHARE HELD AT A DATE TO BE DETERMINED AND ANNOUNCED LATER
(PROPOSED BONUS ISSUE)
On behalf of the Board of Directors of Genetec, OSK Investment Bank Berhad
wishes to announce that the Company proposes to undertake a bonus issue of up
to 127,890,000 Bonus Shares on the basis of one (1) Bonus Shares for every one
(1) existing Share held at an entitlement date to be determined and announced
later.
Further details of the Proposed Bonus Issue are set out in the attachment
enclosed.
This announcement is dated 12 March 2010.
You are advised to read the full contents of the announcement or attachment at
http://www.bursamalaysia.com.

Notice of Resale/Cancellation of Treasury Share

Notice of Resale/Cancellation of Treasury Share - Immediate Announcement (20100311NR00221)

Company Name

FITTERS DIVERSIFIED BHD

Stock Code / Short Name

9318 / FITTERS

Date & Time Announce

11/03/2010 5:58:58 PM

Subject

Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement

Content

Date of buy back (From)

: 11/03/2010

Date of buy back (To)

: 11/03/2010

Total number of shares purchased(units)

: 5,108,300

Minimum price paid of each share purchased (RM)

: 0.630

Total consideration paid (RM)

: 3,243,419.610

Number of shares purchased which are proposed to be cancelled (units)

: 0

Culmulative net outstanding treasury shares as at to-date (units)

: 76

Adjusted issued capital after cancellation (no. of shares) (units)

: 0

Date lodged with ROC

: No Date Stated

Lodged by

: Not stated

Remarks

Copyright 2007 Finexasia.com Sdn Bhd.

Thursday, March 11, 2010

DKSH HOLDINGS(M)BHD

Announcement
Date

Financial
Yr. End

Qtr

Period End

Revenue
RM '000

Profit/Lost
RM'000

EPS

Amended

09-Mar-10

31-Dec-09

4

31-Dec-09

880,966

9,202

4.85

-

24-Feb-10

31-Dec-09

4

31-Dec-09

880,966

6,826

3.35

-

27-May-09

31-Dec-09

1

31-Mar-09

900,622

1,392

0.57

-

27-Nov-08

31-Dec-08

3

30-Sep-08

923,857

1,652

0.29

-

NEW RELEASE OF FINANCIAL RESULTS BY -STARBIZ

valuation of klci


Company NameFTSE BURSA MALAYSIA KLCI ETF
Stock Code / Short Name0820EA / FBMKLCI-EA
Date & Time Announce11/03/2010 6:23:00 PM
SubjectFBM KLCI etf - Valuation Point as at 11 March 2010

FBM KLCI etf - Valuation Point as at 11 March 2010

Fund: FBM KLCI etf

NAV per unit (RM): 1.3295

Units in circulation (units): 3,344,000

Manager's Fee (% p.a): 0.50

Trustee Fee (% p.a): 0.06

License Fee (% p.a): 0.04

FTSE Bursa Malaysia KLCI Index: 1,321.43

You are advised to read the full contents of the announcement or attachment at

http://www.bursamalaysia.com.

acquisition

Company NameADVENTA BHD
Stock Code / Short Name7191 / ADVENTA
Date & Time Announce11/03/2010 6:49:00 PM

ADVENTA BERHAD (ADVENTA or THE COMPANY)

Acquisition of 40% equity interest in Utama Associates Sdn. Bhd. (Utama Associates), a 60%-owned subsidiary of the Company ADVENTA BERHAD (ADVENTA or THE COMPANY) - Acquisition of 40% equity interest in Utama Associates Sdn. Bhd. (Utama Associates), a 60%-owned subsidiary of the Company You are advised to read the full contents of the announcement or attachment at http://www.bursamalaysia.com

NV MULTI CORPORATION BHD


Stock Code / Short Name5021 / NVMULTI
Date & Time Announce11/03/2010 6:54:00 PM
SubjectLitigation

Litigation
Further to our announcement dated 24 July 2001, the Board of Directors of NV
Multi Corporation Berhad wishes to inform that its indirect wholly-owned
subsidiary, Nirvana Memorial Park (Johor) Sdn Bhd (NIRJ) has on 11 March 2010
received the decision of the High Court, Johor Bahru granting judgment in
favour of Perpetual Memorial Park Bhd (PMPB) against NIRJ for special damages
in a sum of RM1,874,835 together with interest and costs under JB High Court
civil suit no. 122-268-2001.
The suit arose from an alleged trespass and nuisance by NIRJ causing damage to
PMPBs land. NV Multi will make announcement from time to time in respect of any
material development.
NIRJ under the advice of its solicitors will file an appeal to the Court of
Appeal.
This announcement is dated 11 March 2010- by bursa malaysia

Monday, March 8, 2010

US - Unemployment rate holds, payrolls fall


The US unemployment rate held at 9.7% and payrolls fell less than forecast, indicating the labor market strengthened even as East Coast snowstorms forced some employers to temporarily close. Payrolls dropped by 36,000 in February after a revised 26,000 decrease in January, a Labor Department report showed. Manufacturers added workers for a second straight month, the first back-to-back gain since 2006, while construction companies fired workers. (Bloomberg)

January External Trade


In line with global trends, both exports and imports surged 37.0% and 31.0% y-o-y on the back of higher demand ahead of the Chinese New Year and the low base effect in Jan ’09. Despite the encouraging y-o-y growth, we have yet to see a convincing pick-up in economic activities on a monthly basis as exports and imports were down 4.1% and 7.2% respectively m-o-m. The fact that capital goods declined both (-2.9%) y-o-y and m-o-m (-20.7%) may also indicate that businesses are still reluctant to invest in factories, machinery and equipment to ramp up production levels. Across major export markets, US and Japan rebounded y-o-y from negative territory, which may drive Malaysia’s exports going forward. With the implementation of AFTA from January 2010, we believe Malaysia will rely more on intraregional trade to boost exports.

External trade surged y-o-y. Exports beat market expectations for a 31.3% increase by surging 37% y-o-y for Jan ’10, largely due the low base effect in 2009 and the global economic recovery gaining ground. Ahead of the Chinese New Year, the increase in exports was mainly due to higher demand for electrical & electronics (+55.6%), chemical & chemicals (+50.0%) and refined petroleum products (+60.4%). In tandem with the double digit exports growth, imports also surged by 31.0% y-o-y although it was slightly below market expectation of a 32.0% increase. The y-o-y surge in imports was mainly attributed to intermediate goods (+36.7%) and consumption goods (+19.7%) while capital goods dipped 2.9%. Despite the encouraging y-o-y growth, we have yet to see a convincing pick-up in economic activities on a monthly basis. both exports and imports were down m-o-m by 4.1% and 7.2% respectively. We may need to see a more convincing m-o-m growth in the next few months to conclude that the economy is on track to a sustainable recovery. The fact that capital goods fell both (-2.9%) y-o-y and m-o-m ( 20.7%) may also indicate that businesses are still reluctant to invest in factories, machinery and equipment to raise production levels. The total trade surplus for Jan ’10 stood at RM12.9bn, which was the 147th consecutive month of trade surplus.

MEDIA HIGHLIGHTS


NEM to have 8 action plans
The country’s new economic model (NEM), which is expected to be unveiled at the end of this month, could have eight key initiatives aimed at achieving a high-income economy, sources said. As expected, among the proposed action plans, which are being firmed up, as strategies to move towards a high-income economy, the phasing out of subsidies and the continued gradual removal of affirmative action policies. It is learnt that the government may follow Indonesia’s model of subsidy reforms, although these may not be ready in time for the announcement of NEM. Measures would also be taken under the NEM to restrict the employment of foreign workers. It is also understood that “green” or environmental initiatives would be among the measures. The new model, which is expected to be announced by Prime Minister Datuk Seri Najib Razak at the annual Invest Malaysia conference on 30-31 March, will likely pick up where last’s sweeping reforms left off. (BT)


BRDB may revisit Mieco sale option
Bandar Raya Development (BRDB) is mulling revisiting the option of selling its stake in chipboard maker Mieco Chipboard, its chief said. "We will be happy to re-explore such an opportunity if there are interested parties," chief executive officer Datuk Jagan Sabapathy said. BRDB has a 56.8% stake in Mieco, a pioneer in particle board manufacturing using rubber wood. The developer has been wanting to dispose of its stake in Mieco for the past four years. It spoke to several local and foreign firms but no firm deal was entered into. Despite being optimistic of prospects for Mieco as furniture manufacturing and the audio segment is improving in tandem with economic and industry growth, BRDB wants to sell its share in the company as it is dragging down its profit. By doing that, BRDB said it can also focus more on property development and investment, as chipboard and manufacturing is not its expertise. (BT)


HSL plans ambitious La Promenade project
Riding on the robust sales of its newly-launched guarded and gated residential estate The Leaf, Hock Seng Lee Construction SB has set its next ambitious target to build 1,000 high-end homes in a major mixed-development project in Sungai Kuap, along the Kuching-Samarahan Expressway. Named La Promenade, this single-biggest project ever undertaken by the property arm of Hock Seng Lee (HSL) will have a commercial centre of 200 shophouses, a shopping mall, two office blocks, a clubhouse and a man-made lake and recreational facilities These are in addition to the 1,000 high-end homes in the guarded and gated residential estate. HSL plans to relocate its head office at Jalan Pending to La Promende in one of Sarawak’s fastest growing centres. With a gross development value (GDV) of RM900m, La Promenade would be launched in the second half of this year. Reclamation works for the project is already under way. The entire development spanning 80ha will be carried out in 10 phases over 10 years. (Starbiz)


Pharmaniaga explains licence revocation
Pharmaniaga’s manufacturing licence was revoked due critical findings over the storage and segregation of reject and quarantine materials or products as well as the handling of reject and recalled materials or products, the company said in reply to Bursa Malaysia query on Friday. “The critical findings also involved certain aspects of the premises and equipment,” it said. The revocation order was issued to its unit Pharmaniaga Manufacturing after an audit was carried out between 2 and 4 Feb by the Pharmaceutical Services Division of the Ministry of Health (PSD). Pharmaniaga said it would present all corrective action taken to date as well as a plan of action to address the remaining audit issues to PSD on 8 March. It said the percentage contribution of manufacturing to the group’s profit before tax was 23% based on the unaudited results for the financial year ended 31 Dec 2009.
(StarBiz)


Felda is not expected to be listed soon
Contrary to expectations, the listing of the giant group may not happen soon. The listing exercise of the world’s largest plantation conglomerate, Felda group, may still be up in the air but the on-going reorganisation within its units, Felda Global Ventures Holdings SB and Felda Holdings, indicates otherwise. Since last year, the mammoth group has embarked on a series of “internal reorganisation” which led to the splitting up of its businesses into four “global business lines” – multicrop, oils and fats, oleochemicals and logistics and services – and the creation of five organisational support divisions, says a source close to Felda. Datuk Mohd Bakke Salleh (left) has been put in charge as the global president and chief executive officer of Felda Global along side Felda group chairman Tan Sri Dr Mohd Yusof Noor. The main thrust of the restructuring is to transform Felda into a globally integrated and diversified agro-based multinational corporation (MNC). According to the source, a listing exercise involving Felda will only be pursued if it “clearly adds value to the group and will not disadvantage any of its key stakeholders.” Furthermore, the source says Felda group’s reorganisation is still in the early stages relative to the sheer scale of transformation being pursued. (Starbiz)

Sunday, March 7, 2010

MALAYSIA CURRENTLY

Fresh polls for MCA CC imminent
The MCA crisis could end as 21 elected members of its central committees have resigned, necessitating the election of a new line-up in the party’s highest decision making body. MCA Deputy President Dr Chua Soi Lek caught many by surprise yesterday by joining seven other elected CC members to tender their resignations ahead of the AGM scheduled this Sunday, and helped breach the 21 resignation threshold to trigger fresh polls pursuant to Article 41 of the MCA constitution. (Financial Daily)

Pantai willing to sell Government concessions
Pantai Holdings, the holder of two Government concessions, said it would be willing to sell the business if the price is right. The group, through Pantai Medivest SB, offers support services like laundry to Government hospitals and carries out foreign worker health checks through Pantai Fomema SB. However, Pantai has yet to receive any offers. The Fomema concession is a monopoly while its support services to hospitals have two other players in different areas. Pantai Medivest provides services to hospitals in the southern peninsula. Faber Group Bhd does the same work in northern peninsula and Sabah and Sarawak through Faber Medi-Serve, while Radicare operates in central and eastern peninsula areas. These concessions end next year. On a separate note, Pantai has also dismissed the rumor on the merger with Faber. (BT)

Eng Teknologi eyes electronics firm
HARD disk drive (HDD) component maker Eng Teknologi Holdings is eyeing a stake in a manufacturing company, a plan that will likely materialize by next year. The targeted company would not be one which is related to the HDD-sector, but deals in electronics, whereby the acquisition is needed for Eng Teknologi to realize its high potential growth. (BT)

No recall for Pharmaniaga-made pharmaceuticals
The revocation of Pharmaniaga’s manufacturing licence by the Ministry of Health has not resulted in a recall of pharmaceutical products that it had produced and is out in the market, as relayed by its Managing director, Mohammad Abdullah. Pharmaniaga has said the ministry found a few non-compliance issues which it is expediting to resolve. Details on the non-compliance issues have yet to be received. Abdullah hopes that its manufacturing plant would not be closed more than a week because if prolonged may hurt its profits. (Financial Daily)

Stamford College may diversify into steel manufacturing
Stamford College, an education services provider, plans to diversify into steel making after turning around in 2009 from four consecutive years of losses. While it has been trading in assorted steel products since 2004, Stamford believes that the upstream move into manufacturing of low alloyed, alloyed and long steel products would allow it to diversify its earning base. The proposed diversification will require shareholders’ approval. (Malaysian Reserve)

New building for Star radio stations and multimedia ops
Star Publications (M) Bhd will soon have its own building to house its three radio stations and its expanding multi-media business at its current property at Section 13 here. Universiti Tunku Abdul Rahman (UTAR) has also been earmarked to have its new city campus located at the site, which could take in up to 10,000 students as part of its expansion plan. The university would have the option of a 25-year rental lease on the purpose-built campus, Star said in a filing with Bursa Malaysia. (StarBiz)

Overwhelming response from foreigners on NAP
The Government has received overwhelming response from foreign luxury car manufacturers seeking further clarification on the National Automotive Policy (NAP). Miti Secretary General said that a number of delegations were interested in its policy for new technologies and green technology. On a separate note, the Government yesterday continued to support the domestic automotive industry with the Automotive Development Fund and the Industry Adjustment Fund. (Financial Daily)

- CREDIT TO OSK RESEARCH GROUP

FBM KLCI Likely To Challenge 1,300-Point Level Next Week

KUALA LUMPUR, March 6 (Bernama) -- The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) is likely to challenge the 1,300-point level next week with investors looking for new catalysts to propel the market indices, dealers said.

The benchmark index had posted the first high of this year at 1,308.36 on Jan 21.

TA Securities' senior technical analyst Stephen Soo said the market currently lacked foreign participation.

Soo said the soon-to-be-unveiled new economic model may provide a strong catalyst for the local stock market.

"External factors such as development in the US economy will continue to have an impact on regional markets as well as the local market. Share prices will likely be rangebound next week," he said.

During the week, the market started of on high note, bolstered by announcement of the country's better-than-expected fourth-quarter economic growth of 4.5 per cent last year.

The local market also took its cue from gains on Wall Street and regional bourses as the improved economic outlook in the US economy boosted sentiment.

However, the market drifted lower on Wednesday and Thursday ahead of Bank Negara Malaysia's monetary policy committee meeting on Thursday evening.

The market ended sharply higher on Friday with the FBM KLCI surging 15.69 points to 1,299.78, its highest level since Jan 25, 2010.

Gains in banking stocks, led by Maybank, propelled the market indices.

On a weekly basis, the FBM KLCI advanced 29 points to 1,299.78 from 1,270.78 last Friday while the finance index added 405.71 points to 11,537.66 from 11,131.95.

The Plantation Index increased 78.42 points to 6,396.06 from 6,317.64 last Friday and the Industrial Index went up 26.76 points to 2,604.03 from 2,577.27.

The FBM Emas Index was 177.08 points higher at 8,737.28 from 8,560.2 last Friday and the FBM Top 100 rose 178.66 points to 8,506.23 from 8,327.57 but the FBM Ace Index declined 46.05 points to 4,299.04 from 4,345.09 previously.

The week's turnover increased to 4.42 billion shares valued at RM7.636 billion from 2.78 billion shares valued at RM4.98 billion last week.

Volume on the Main Market rose to 3.907 billion shares worth RM7.537 billion from 2.44 billion shares worth RM4.92 billion previously.

Call warrants went up to 149.077 million units valued at RM28.192 million from 130.59 million units valued at RM18.83 million last week.

The ACE Market volume was higher at 263.504 million shares worth RM50.447 million compared to 175.7 million shares worth RM39.16 million previously.

-- BERNAMA