PChem High Volume Closing Transaction - Why Ah???

"29 Dec 10, 12:30 PM

Master_B: i think they are goreng pchem very soon just b patient keep collecting......guys pchem going to be goreng very soon just in 3 working days ........pchem will be come at rm 6.80 trust me .....they purposely pushing down ........so tht they can buy more ......they dowan contra players to make money on this counter ...." - Bursa Chat

03.01.11

05.01.11

Note: PChem-CB listed today, no chart from Nexus yet. 

Fewer join unemployment rolls; good sign for '11

Economists foresee healthier job market in 2011 as fewer people join the unemployment rolls

WASHINGTON (AP) -- Far fewer people are applying for unemployment benefits as the year ends, raising hopes for a healthier job market in 2011.

Read more

Use Coming Pullback as Buying Opportunity: Strategists

PChem, time for a prolong breakout?

20 Dec 10, 10:52 PM

newbie: after 26th Dec Pet Chem shall lead the rally of O&G sui sui

Petronas Carigali to be Bursa's big draw

By Sharen Kaur

Analysts have been told by Bursa Malaysia officials of a possible IPO for Petronas Carigali, says a head of research

Petronas Carigali Sdn Bhd, the exploration unit of Petroliam Nasional Bhd, may be listed on Bursa Malaysia next year and it is expected to attract a large number of foreign funds.

"The mother of all initial public offerings (IPO) next year will be Petronas Carigali. We need companies like this to make Bursa attractive," said MIDF Amanah Investment Bank Bhd senior vice president and head of research, Zulkifli Hamzah.

Petronas officials could not be reached for comment. Zulkifli said analysts have been told by Bursa officials of a possible IPO for Petronas Carigali.

OSK Research head Chris Eng said Petronas Carigali should be the largest IPO ever in Malaysia, with a potential market value of close to RM150 billion.

This would eclipse current leader Malayan Banking Bhd, with a market value of RM62 billion as at yesterday.

Zulkifli also expects foreign shareholdings in the local equity market to rise to more than 26 per cent next year from 21.7 per cent now.

This will be spurred by the reclassification of Malaysia as an Advanced Emerging Market effective June 2011 under the FTSE indices. It is estimated that foreign funds with some US$3 trillion (RM9.4 trillion) track these indices.

Zulkifli told reporters at a media briefing in Kuala Lumpur yesterday that MIDF is bullish about the 2011 economic outlook.

"We are bullish, but with a caveat. The caveat is how crude oil price is going to unwind. If it hits US$110 (RM343) per barrel, then fear factor will hit.

"If it goes beyond US$110, then the world could enter another economic crisis. People will move back to US dollars for safety," Zulkifli said.

On the eight short-term factors, Zulkifli said Malaysia can expect more mergers and acquisitions, while corporate earnings growth may hit 15.8 per cent from 14 per cent now on strong growth in banking, plantation and construction sectors.

"We also see bigger IPOs next year, a rally in crude oil and commodity prices and contribution from the Economic Transformation Programme," he said.

The benchmark FTSE Bursa Malaysia KLCI is expected to trade between 1,475 and 1,650 points next year, representing up to 18 times its 2011 earnings.

Read more: Petronas Carigali to be Bursa's big draw

Govt-funded MRT

By Ooi Tee Ching

The government will set up a special vehicle company (SPV) to channel total funding for the proposed greater KL mass rapid transit (MRT) project.

Land Public Transport Commission (SPAD) chief executive officer Mohd Nur Ismal Kamal said the multi-billion ringgit project will not be undertaken on a turnkey basis and contractors need not seek financing.

"The greater KL MRT project is based on an international concept of project delivery partner, a hybrid of turnkey and project management consultancy," he told reporter at a briefing in Kuala Lumpur yesterday.

Also present at the briefing was SPAD chairman Tan Sri Syed Hamid Albar.

"I read some newspaper headlines saying MMC-Gamuda bags RM36 billion MRT project. That is factually wrong," he said.

Abdul Hamid assured that all MRT job packages will be tendered out to both local and international contractors.

"There's no room for direct negotiation. Contract awards will be based on merit, track record and financial strength of the contractor," he said.

"The MMC-Gamuda joint venture has been appointed by Syarikat Prasarana Negara Bhd as the project delivery partner. The RM36 billion figure is the construction cost estimated by MMC-Gamuda, it is not our estimate," he said.

As the project delivery partner, Nur Ismal explained that MMC-Gamuda will take on the risks and responsibilities in ensuring the MRT project is delivered on time. They will sit in with the government in the tender evaluation and appointment of contract packages.

Syed Hamid said the alignment of the Sg Buloh-KL-Kajang route will be displayed for community feedback in March 2011. A ride along the 60km line will take some 90 minutes.

The proposed MRT line will integrate with existing KTM Komuter stations in Sg Buloh and Kajang and light rail transit (LRT) stations in Kelana Jaya and Maluri. About 10km of the 60km line will be underground.

"We hope to roll out the tender for the first batch of job packages by April 2011," he said.

Read more: Govt-funded MRT

Unisem (M) Bhd

This article appeared in The Edge Financial Daily, November 4, 2010.

Maintain buy at RM1.86 with fair value of RM3.25: We maintain a 'buy' call on Unisem following its latest 3QFY10 results. Our forecast earnings of 28 sen per share are set to be achieved given that the strength of orders has yet to diminish despite economic concerns in Europe and the US.

Unisem's results, announced on Tuesday, were within our expectations. It posted a net profit of RM51.9 million, bringing 9M net profit to RM141.4 million on the back of a cumulative revenue of RM1.059 billion.

Year-to-date, the company has fulfilled about 75% of our estimated profit for FY10 (RM186 million), making up 76.3% of our topline numbers.

On a quarterly basis, net income improved 8.2% against 2QFY10, while revenue, the main indicator of the industry's strength, improved by 3.1%, partly because of seasonal effects.

Earnings before interest, taxes, depreciation and amortisation (Ebitda) margin in 3QFY10 rose 0.1 of a percentage point (ppt) to 26.5% from 26.4% over the previous quarter, largely due to a slight decrease in operating costs.

Production utilisation for all plants, we reckon, is still above 90%, not taking into account the new lines which would not have been producing at an optimal level yet.

We understand order visibility for the sector is normally between four and six months. While we have not got the firm order numbers from all companies under our coverage, early indications from Unisem's management are very positive, at least for 1QFY11, when compared with previous 1Qs.

We reckon the strength may spill over to 2QFY11. However, the outlook for the 2HFY11 remains a wild card.

On the supply side, any bottleneck within the supply chain that persists would prevent price deterioration. We recently met another production machine supplier, whose management confirmed to us that its orders had increased, stretching delivery time from a normal one month to the current four months.

We continue to value Unisem at RM3.25. Our 1.9 times price-to-book value is about a 10% discount to the previous up-cycle multiple, which we believe is justified as we are looking at a longer growth period (six quarters against four quarters in the previous up-cycles). We have also rolled over our valuation year to FY11. ' AmResearch, Nov 3

This article appeared in The Edge Financial Daily, November 4, 2010.

Adventa 4Q net profit surges 220% to RM11.8m

KUALA LUMPUR: ADVENTA BHD []'s net profit surged 220% to RM11.8 million for the fourth quarter (4Q) ended Oct 31, 2010 from RM5.36 million a year ago, on the back of a 22% improvement in revenue to RM91.02 million.

The glove maker said on Wednesday, Dec 22 earnings per share were 7.72 sen, while net assets per share was RM1.46. It proposed a first and final tax exempt dividend of seven sen per share for the financial year ended Oct 31, 2010.

For FY ended Oct 31, net profit more than doubled to RM35.8 million from RM16.96 million, while revenue rose 19% to RM336.17 million from RM282.74 million.

It explained the rapid rise in rubber prices induced a large time-lag related delay in revenue increase even though costs were are eventually passed into selling price.

Adventa said a new factory was completed in this period, adding capacity to the tight high utilisation rate in some products.

Commenting on its outlook, Adventa said its financials closed the fourth quarter on a tumultuous year of material costs increases and large fluctuations in both the US dollar and euro.

"These fast changing dynamics pose a challenge to match current cost against forward sales. The several cost cutting measures implemented this quarter help mitigate surging costs and should bring improvements to next year's earnings," it said.

Read more

Price reaction to the report

23.12.10

KNM Group: Unit Gets GBP450 Million Deal To Develop Waste Recycling Project

KUALA LUMPUR (Dow Jones)--KNM Group Bhd. (7164.KU) said Tuesday that its unit, KNM Process Systems Sdn. Bhd., has received a GBP450 million (MYR2.20 billion) contract from Peterborough Renewable Energy Ltd. to develop an 80-megawatt biomass and waste recycling centre project.

The company said the contract is for four years from the start of the project, which will be located in Peterborough in the U.K.

The contract is "expected to contribute positively to KNM Group's earnings" for the next four financial years, the company said in an exchange filing.

-By Ankur Relia; Dow Jones Newswires; 603-2026-1233; ankur.relia@dowjones.com

22.12.10 Price reaction  to the news!

Building up to a super bull run

A super bull run is on the horizon for Malaysian construction stocks next year on optimism that the RM40 billion Mass Rapid Transit project will start in July.

The bullish outlook is also backed by new government initiatives such as the Economic Transformation Programme and the 10th Malaysia Plan, said UOB KayHian head of research Vincent Khoo.

Research houses are maintaining their overweight call on the sector.

"We expect a bull run next year," Khoo told Business Times.

An analyst from TA Research said the stock market needs news like the MRT as a catalyst for construction stocks to sustain its upbeat momentum.

He said judging from the size of the MRT project, it is certain that almost all local construction companies will benefit.

"If the government divides the project evenly, then each company could get contracts worth RM500 million to RM1 billion. This augurs well for the sector," he said.

The MRT, comprising three lines, is the largest infrastructure project in Malaysia's history. The last project announced was the RM12.5 billion double tracks.

Analysts said the first of the three MRT lines, joining Sungai Buloh and Kajang, running through Kuala Lumpur City Centre, is estimated at RM14 billion. The line will cover 60km and have 35 stations.

They said MMC-Gamuda Joint Venture Sdn Bhd may get the tunneling portion from Sungai Buloh to Kajang, worth RM6 billion to RM8 billion.

Master Builders Association Malaysia president Kwan Foh Kwai expects companies like Sunway Construction, IJM Construction, Muhibbah Engineering, Bina Puri, Loh & Loh, MRCB Engineering, UEM Builders, WCT, Ranhill and Ahmad Zaki to bid for the MRT.

Others include Eversendai Corp, Crest Builders, Putra Perdana Construction and MTD ACPI.

Ahmad Zaki managing director Datuk Wan Zakariah Muda said the MRT news is positive for the sector. "There will be spillovers and knock-on effects. We plan to participate in the MRT," he said.

An official from Putra Perdana Construction Sdn Bhd said it will eye packages to build structures, stations, bridges and tunnel lining work.

Read more

Najib: MMC-Gamuda only allowed to tender for tunneling of MRT project

PETALING JAYA: MMC-Gamuda Joint Venture Sdn Bhd, which has been appointed the project delivery partner (PDP) for the Mass Rail Transit (MRT) project, will not be allowed to tender any of the work packages except for tunneling works.

"The government felt the exception should be made as the PDP is the only local CONSTRUCTION [] company that has experience in major tunneling works such as in the SMART Tunnel project in Kuala Lumpur and the Kaohsiung MRT project in Taiwan," said Prime Minister Datuk Seri Najib Tun Razak here on Saturday, Dec 18.

He was speaking to reporters at the RMAF base in Subang before his depature to Kuala Terengganu for a one-day official visit.

Nevertheless, Najib said the PDP would still have to compete for the work package with other companies and the award would be given on the basis of merit.

The Prime Minister also said the Cabinet has decided that Syarikat Prasarana Negara Bhd, a fully-owned subsidiary of the Ministry of Finance Incorporated, would be the infrastructure owner of the project while the Land Public Transport Commission would be the supervising authority for the project.

On the appointment of MMC-Gamuda Joint Venture as the project delivery partner, Najib said it was based on the financial standing of the two public listed companies which make up the joint venture and their strong track records and experience in the field of construction and in undertaking huge and complex rail and tunneling projects.

"The PDP will assume the role of a project manager but with the added responsibility of having to deliver the project within an agreed time and cost.

"Any cost over run and delays in project completion, which are basic common risks in projects, will be borne by the PDP," he added.

Najib said the PDP was not a turnkey contractor and the project would be divided into work packages which would be awarded individually through open tender.

"The government will make the final decision on the awarding of contracts," he added. - Bernama

Read more

Sozo Global plans RM15m factory for halal products

KUALA LUMPUR: China-based Sozo Global Ltd, which made its debut on the Main Market on Friday, Dec 17, plans to invest RM15 million to set up a halal-food processing factory in Malaysia.

Its chief executive officer and co-founder Shen Hengbao said Sozo – which manufactures ready-to-serve food -- would hire a team to survey the locations for the Malaysian plant. CONSTRUCTION [] could start by mid-2011 and production a year later.

“We are doing a feasible study on the possible location as it should have easy access to our raw materials and export facilities. We are happy that we have the help of Khazanah Nasional Bhd to help us survey the locations and get the proper halal approvals,” he said after the listing ceremony.

The processing plant would produce canned food and ready-to-serve products for the Malaysia market and also Southeast Asia, the Middle East, Europe and the US.

Out of the RM15 million, RM5 million would come from IPO and RM10 million from internal funds.

Shen said the indicative land size for the plant is 8,000 sq metres and its production capacity would be 20,000 tonnes per year.

Khazanah indirectly holds 10.43% stake in Sozo, via its special-purpose fund Agro Treasures, while 57.09% is held by Hengbao Foodstuffs, which is also the promoter of Sozo Global.

Read more

YTL Power ventures into Jordanian oil shale projects

Written by Joseph Chin of theedgemalaysia.com
Tuesday, 14 December 2010 15:13

KUALA LUMPUR: YTL POWER INTERNATIONAL BHD [] is venturing into Jordanian oil shale projects which will see it building an oil plant with an output with 38,000 barrels per day.

YTLPI said on Tuesday, Dec 14 it had acquired a 30% stake in Eesti Energia, Near East Investment’s (NEI) Jordanian oil shale projects.

As the new strategic partner, YTLPI will contribute its experience in developing and operating large energy production and trading assets in emerging markets.

According to the new shareholding structure Eesti Energia owns 65%, YTLPI 30% and NEI 5% of the oil shale projects in Jordan.

Read here...

Bullet train project may zoom into master plan

The proposed high-speed rail linking Kuala Lumpur and Singapore may be included in the national public transport master plan

THE proposed Kuala Lumpur-Singapore high-speed train project, costing between RM10 billion and RM12 billion, may be included in the national public transport master plan, said the chief of The Land Public Transport Commission (Spad).

Spad chief executive officer Mohd Nur Ismal Kamal said a feasibility study is being undertaken to examine viability of the project.

"The project may be considered in the master plan but we are not sure yet. The study will show how the high-speed train can be integrated with other public land transport," he said on the sidelines of the National Summit on Urban Public Transport 2010 in Kuala Lumpur yesterday.

Malaysia is mulling over a high-speed rail linking Kuala Lumpur and Singapore that will cut travel time between the two cities to 45 minutes.

A few companies, including YTL Corp Bhd and Hartasuma Sdn Bhd have made presentations to the National Key Economic Area (NKEA) lab on the project, involving a distance of about 300km.

Read more: Bullet train project may zoom into master plan

Kencana Q1 Pre-tax Profit Rises To RM68.094 Million

Read original here...

Dec 13, 2010 Edition of The Edge Financial Daily

A strong year for steel? KUALA LUMPUR: After an uneventful year, local steel players can look forward to a better 2011, thanks to the rolling out of 10th Malaysia Plan (10MP) projects.

Landmarks may start Bintan development in 1Q11
KUALA LUMPUR: Landmarks Bhd is expected to start its Bintan development called Treasure Bay Bintan (TBB) by the first quarter of 2011, sources familiar with the matter told The Edge Financial Daily.

Axiata catching up on Maxis on local bourse
KUALA LUMPUR: Although Maxis Bhd�s second act on the local bourse raised the highest initial public offering at RM11.2 billion in 2009, this year sees the tide turning for Axiata Group Bhd, judging by the counter�s stellar performance to date.

DRB-HICOM sees efficiency in Pos tie-up

PETALING JAYA: DRB-HICOM Bhd, which has put in a bid for Khazanah Nasional Bhd's 32% stake in Pos Malaysia Bhd, sees potential efficiency gains in the partnership, said sources.

The company, which has several concessions such as Alam Flora, Puspakom, Hicom Power and KL Airport Services, was also comfortable and familiar with operating units that had the Government's golden share, added sources.

StarBiz reported in October that the planned divestment by Khazanah was taking longer than expected due to negotiations surrounding the Government's golden share in Pos Malaysia. Golden shares are typically held by the Government, giving it veto power in major decisions of the company.

In a report issued yesterday, OSK Research Sdn Bhd said Tan Sri Syed Mokhtar Albukhary was rumoured to be the frontrunner in the 32% stake sale, with the deal costing some RM700mil.

Read more...

Gamuda expects nod soon for RM36bil joint MRT project

SHAH ALAM: The Cabinet has yet to approve the Gamuda Bhd-MMC Corp Bhd joint development proposal for the mass rapid transit (MRT) system, said Gamuda group managing director Datuk Lin Yun Ling.

However, he expects the proposal, which was submitted early this year, to be approved soon.

Possibly, the Gamuda-MMC joint venture will be the project delivery partner of the Government.

Read more...

DRB-HICOM set to seal deal with VW

DRB-HICOM Bhd is scheduled to sign a definitive agreement on December 21 with Volkswagen AG, Europe's largest carmaker, to assemble VW cars in Malaysia.

The cars will be assembled in Pekan, Pahang, for local and Southeast Asian markets.

"Tentatively, it is scheduled for December 21 with the signing ceremony being held either in the KLCC area or at DRB-HICOM's (1619) operational headquarters in Glenmarie, Shah Alam," said the source.

It is understood that DRB-HICOM's top officials from its automotive divisions are currently abroad for the final leg of negotiations with VW.

........

Yesterday, HwangDBS initiated coverage on DRB-HICOM with a RM3.55 target price.

The research house said DRB-HICOM is the cheapest conglomerate in the country with a net gearing of 0.3 times.

"With efforts to be more investor-friendly now, we expect a significant re-rating from its bargain basement valuation of 5.5 times 2012 financial year's earnings per share," Hwang said in the report.

The research house added that a key catalyst for DRB-HICOM is the conversion of a letter of intent from the Ministry of Defence for 257 AV 8x8 armoured wheeled vehicles, worth about RM8 billion.

Read more: DRB-HICOM set to seal deal with VW

GAMUDA - HDBSVR reaffirms Buy rating on Gamuda, TP RM4.90

KUALA LUMPUR: Hwang DBS Vickers Research reaffirms its Buy rating and sum-of-parts derived target price of RM4.90 for GAMUDA BHD [], which remains on its high conviction list. Its last traded price was RM3.79.

The research house said on Friday, Dec 10 Gamuda is looking to bid for the Qatar MRT project next year worth US$45bn (RM141bn). This target completion date is 2021, ahead of the FIFA World Cup in 2022.

HDBSVR said within the Middle East, Gamuda already has two projects in Qatar ' the New Doha International Airport (88% completed) and Durkhan Highway (100% completed). It is also bidding for the second phase of Durkhan Highway worth at least RM1bn together with WCT where a result should be known soon.

Gamuda's Group MD Datuk Lin Yun Ling was quoted saying he believed the company will be able to garner enough resources for both the KL MRT and Qatar MRT should it be successful in bagging both.

'While not made official, we understand the MMC-Gamuda JV will be appointed project delivery partner (PDP) for the RM36bn MRT project. This will allow it full control over the project while also bearing execution risk.

'However, what remains unclear for now is the RM14bn tunneling works which the JV is eyeing. In our view, the JV is also frontrunner to clinch this given its past expertise which is a scarcity among the local contractors,' said HDBSVR.

The research house also noted that it was not in the government's interest to delay this project by opening up the tender to foreign contractors given the MRT is an vital component of the ETP programme.

Taken from here...

Petronas - BASF RM4b investment in the pipeline

By Kamarul Yunus

Petronas and BASF have signed a memorandum of understanding to undertake a joint feasibility study on building a specialty chemicals plant in Malaysia.

Petroliam Nasional Bhd (Petronas) and Germany's BASF are looking at jointly investing some RM4 billion to build a specialty chemicals plant of world-scale production capacity in Malaysia.

The two companies signed a memorandum of understanding in Kuala Lumpur yesterday to undertake a joint feasibility study on the project.

In a statement posted on its website, BASF said the two parties will evaluate the technical, commercial and economic viability of jointly owning and operating the world-scale facilities for the production of specialty chemicals, including non-ionic surfactants, methanesulfonic acid and iso-nonanol.

"The final scope of the investments will be determined following the outcome of the joint feasibility study, which is targeted to be completed in 2011," BASF said.

At the signing, Petronas was representend by its executive vice president of downstream business Datuk Wan Zulkiflee Wan Ariffin and vice president of downstream operations Kamaruddin Zakaria, while BASF was represented by its executive director responsible for Asia Pacific Dr Martin Brudermuller and Asia Pacific president Saori Duborg.

Commenting on the initiative, Wan Zulkiflee, who is also chairman of recently listed Petronas Chemicals Group Bhd, said the development of a new specialty chemical products portfolio is an important component of Petronas' plan to expand its downstream petrochemical business as part of its strategy to be a key player in the region as well as to spur domestic investments in the oil, gas and petrochemical industries.

Brudermuller said with the rapid growth of chemical markets in Asia Pacific, BASF is further expanding its specialty chemical business.

"Our joint venture with Petronas, based on a long-standing and successful partnership, is an excellent, well-established and competitive production platform in Asia.

By expanding our local production base in Malaysia, we can further improve our ability to supply our customers in Asia, from Asia,” he said.

BASF said based on its Asia Pacific strategy 2020, the company intends to produce 70 per cent of Asia Pacific sales in the region, with investments of about e2 billion (RM8.38 billion) between 2009 and 2013.

“The proposed move by Petronas and BASF will build on their successful strategic partnership in the country, established in 1997,” it said.

The partnership, via BAS Petronas Chemicals Sdn Bhd, of which BASF owns a 60 per cent stake, currently own and operate an integrated complex in Gebeng, Pahang, that produces acrylic monomers, oxo products and butane-
diol.

As for the subsequent phase of the collaboration, Petronas Chemicals Group and BASF will jointly evaluate outcome of the joint feasibility study and will adopt it as part of their strategic growth plans, if technically and commercially viable.

Read more: Petronas-BASF RM4b investment in the pipeline

20 Dec 10, 10:52 PM

newbie: after 26th Dec Pet Chem shall lead the rally of O&G sui sui

KNM confirms deal with Lukoil Uzbekistan

KNM Group Bhd yesterday confirmed that its unit, KNM Process Systems Sdn Bhd, had formally executed the contract agreement in Tashkent, Uzbekistan, with Lukoil Uzbekistan Operating Company.

The deal is for the supply of technical documentation, equipment and services for the development of gas condensate fields amounting to about RM680 million.

Read more: KNM confirms deal with Lukoil Uzbekistan

Careplus to double capacity to 420m gloves annually

Written by Sharon Tan Monday, 06 December 2010 09:01

KUALA LUMPUR: Careplus Group Bhd, which made its debut on the ACE Market on Monday, Dec 6, is set to double its capacity from 420 million gloves annually.

The company said the increase in capacity would come into effect when its new five lines are completed by the third quarter of 2011.

“Careplus’ new lines will focus on nitrile gloves,” a company official said.

Its shares opened higher, up 4.5 sen to 27.5 sen with 3.15 million shares done.

Maybank Investment Bank Research said Careplus was fairly valued at its IPO price of 23 sen. The research house said at 23 sen, Careplus was valued at historical PER of 7.8 times.

“Annualising its 1HFY11 EPS, the stock is fairly valued – it will trade at 8.5 times FY11 PER versus small-cap peer Latexx Partners’ 6.0 times,” it said.

Taken from here...

Say YES ah ha

Note:

5 Dec 10, 11:29 PM

12000: YTLPOWER continue to expand power plants business in Indonesia, Singapore & Malaysia.... if Malaysia give YTL the fast train project.... YTLPOWER will take on the project....

My analysis http://tt-stockanalysis.blogspot.com/

Dow Could Trade Above 12,000: Schwab's Sonders

Stocks Continue December Rally to End Higher

Stocks rallied for second consecutive day following upbeat economic reports that revived hopes of a stronger U.S. economy and news the European Central Bank was buying euro zone debt. The Dow Jones Industrial Average rose 106.63 points, or nearly 1 percent, to close at 11,362.41. The rally came a day after the market surged more than 2 percent, erasing November's losses, leading to a 3.24 percent gain in the blue-chip index for December.

Read more...

JAKS-IJM JV accepts RM268.5m Pahang-Selangor raw water transfer project

Written by Joseph Chin Thursday, 02 December 2010 18:41

KUALA LUMPUR: JAKS Resources Bhd and its joint venture partner IJM CORPORATION BHD [] have accepted the award for the RM268.53 million Pahang-Selangor raw water transfer project.

JAKS said on Thursday, Dec 2 its unit JAKS Sdn Bhd and IJM CONSTRUCTION [] Sdn Bhd had signed and accepted the letter of acceptance from the Ministry of Energy, Green TECHNOLOGY [] and Water.

The completion date of the project is May 30, 2014.

Taken from here...

A New Bull is about to Start Based On Charts

Except for Nikkei, see how similar the charts are!!

At this point of time Dow is UP more than 200 points