Thursday, 23 April 2015
Everything is a Remix
"Our system of law doesn't acknowledge the derivative nature of creativity. Instead, ideas are regarded as property, as unique and original lots with distinct boundaries. But ideas aren't so tidy. They're layered, they’re interwoven, they're tangled. And when the system conflicts with the reality... the system starts to fail."
40 years old oh 40 years old
A letter to myself, 40 years old - 2015.
People to a certain age, but the pursuit of health, peace and calm,
Turned to look back to when the road, go back to the previous time is romantic.
If you have a ... forties mentioned below, you will understand ...
1) If you are in his forties, and will understand: (Appreciation)
In the world of love, do not who I am sorry,
Only who do not know how to cherish.
2) If you are in his forties, and will understand :( Loneliness)
Do not be lonely love the wrong people,
Not to love the wrong person because more lonely.
3) If you are in his forties, and will understand :( Understanding)
There is a person you know, is the greatest happiness,
Do not know you, understand themselves on their own.
4) If you forties, and will understand: (Admire)
Friends should be mutual appreciation, rather than mutual utilization.
5) If you are in his forties, and will understand: (Process)
One should eat a meal, do you want to do a little bit.
There is no easy thing, everything has a process. Not
To day exhausted, should live comfortably.
6) If you are in his forties, and will understand: (Light it Up)
Calm is not enough light,
The appropriate time or to show yourself,
Let dull day light up.
7) If you are in his forties, and will understand: (No right No wrong)
Everything has a dual nature, sometimes there is no right or wrong.
You thought wrong, perhaps in others it seems right.
And you make every effort to strive for,
It is very possible to get rid of and discard the others.
8) If you are in his forties, and will understand: (Mentality)
The merits of the quality of life depends entirely on their mentality.
Dainty cup Akira staggered if nestled between the intrigues,
Is much better than "sit Sanwuzhiji, weak tea and talking about family."
9) If you forties, and will understand: (Family)
Audition alienation of affection is pain.
Some short, some understanding, some forbearance,
Make our hearts wider, and some warmer.
10) If you're in his forties, and will understand: (Parents)
Parents do not treat thin do stupid things keep burial, and
They honed in that generation of the many people affected,
Treat them is to treat our conscience.
In fact, most of the time they do not need your glory,
Week to play a call or ask them the story of a young,
Then listen to them patiently finished, they contented.
11) If you're in his forties, and will understand: (Accomplishment and Attitude)
Status and honor is just a cup,
And your character is your cup of accomplishment and stuff.
Moonwalker in wines is not filled, it could be a cup Zhuoshui.
Cuci might not be that light in water,
It might be a boring Need Longjing.
12) If you're in his forties, and will understand: (HEALTH)
To cherish his body when a successful career,
Make yourself more healthy career without a time.
13) If you're in his forties, and will understand: (Peaceful)
Your life should be calm, calm, healthy and happy!
People to a certain age, but the pursuit of health, peace and calm,
Turned to look back to when the road, go back to the previous time is romantic.
If you have a ... forties mentioned below, you will understand ...
1) If you are in his forties, and will understand: (Appreciation)
In the world of love, do not who I am sorry,
Only who do not know how to cherish.
2) If you are in his forties, and will understand :( Loneliness)
Do not be lonely love the wrong people,
Not to love the wrong person because more lonely.
3) If you are in his forties, and will understand :( Understanding)
There is a person you know, is the greatest happiness,
Do not know you, understand themselves on their own.
4) If you forties, and will understand: (Admire)
Friends should be mutual appreciation, rather than mutual utilization.
5) If you are in his forties, and will understand: (Process)
One should eat a meal, do you want to do a little bit.
There is no easy thing, everything has a process. Not
To day exhausted, should live comfortably.
6) If you are in his forties, and will understand: (Light it Up)
Calm is not enough light,
The appropriate time or to show yourself,
Let dull day light up.
7) If you are in his forties, and will understand: (No right No wrong)
Everything has a dual nature, sometimes there is no right or wrong.
You thought wrong, perhaps in others it seems right.
And you make every effort to strive for,
It is very possible to get rid of and discard the others.
8) If you are in his forties, and will understand: (Mentality)
The merits of the quality of life depends entirely on their mentality.
Dainty cup Akira staggered if nestled between the intrigues,
Is much better than "sit Sanwuzhiji, weak tea and talking about family."
9) If you forties, and will understand: (Family)
Audition alienation of affection is pain.
Some short, some understanding, some forbearance,
Make our hearts wider, and some warmer.
10) If you're in his forties, and will understand: (Parents)
Parents do not treat thin do stupid things keep burial, and
They honed in that generation of the many people affected,
Treat them is to treat our conscience.
In fact, most of the time they do not need your glory,
Week to play a call or ask them the story of a young,
Then listen to them patiently finished, they contented.
11) If you're in his forties, and will understand: (Accomplishment and Attitude)
Status and honor is just a cup,
And your character is your cup of accomplishment and stuff.
Moonwalker in wines is not filled, it could be a cup Zhuoshui.
Cuci might not be that light in water,
It might be a boring Need Longjing.
12) If you're in his forties, and will understand: (HEALTH)
To cherish his body when a successful career,
Make yourself more healthy career without a time.
13) If you're in his forties, and will understand: (Peaceful)
Your life should be calm, calm, healthy and happy!
6 Bad Habits oh 6 Bad Habits
Must Get Rid of this 6 Bad Habits:
1) You focus on linear income instead of passive income
- Linear income - my salary
- Passive income - rental, share market, unit trust
2) You’re still waiting to start your journey of success
- I am still waiting.... When can I start???
3) When you earn more you spend more
- This one I don't have, I earn more and SAVE more
4) You complain instead of committing
- This one must change
5) You live for today, hoping tomorrow will care about its worries
- Yes, I live for today only, opps, I do plan for my retirement
6) You just don’t get it!
- Realization, when will you wake up from the dream, luckily I woke up already.
10 tips for getting started in property investment oh 10 tips for getting started in property investment
A relook on Property INVESTMENT.
One of my goal for this year is to buy a property for RENTAL, CAN it be achieve?????
When it comes to building a retirement nest egg for the future, property is still regarded as one of the safest long-term investments.
While some investors may want to buy a property and rent it out straight away, others may choose to live in the home while they renovate it. Investing in bricks and mortar can be a great way to create wealth, but there are some golden rules to consider before taking the plunge into property investment.
1. Know your budget
Before investing in property it’s vital to have a thorough understanding of your cash flow. Also, ask your bank for a pre-approval of your investment loan, so you know how much you’re able to borrow before you start hunting for properties.
2. Don’t underestimate ongoing costs
Make sure you budget enough for rates, insurance and general repairs. And when you have purchased your ideal investment property do what you can to prevent costly maintenance issues arising, such as replace ageing taps.
3. Buy in a growth area
Try to choose an investment property in an area where there is strong demand for rental accommodation. Buying a property close to transport, universities and schools will make it more attractive to renters.
4. Be realistic about your investment goals
Are you looking for fast capital growth or wanting to hold the property long-term? During boom periods, it’s much easier to renovate properties and turn them over for a quick profit. In slower economic times, it may take many years to achieve the same growth.
5. Build sweat equity
Paying tradesmen to renovate your investment property is costly. If you’re prepared to get your hands dirty you can save money and increase your profit margin by doing the work yourself.
6. Look for liveable not luxury
Remember a rental property only has to be clean and functional. Don’t get sucked into buying a property simply because it has a stylish interior.
7. Buy with your head not your heart
When house hunting it’s very easy to get caught up in emotions. While a home on a steep block may have a stunning view, it could be a nightmare to renovate due to retaining or excavation costs. Be sure you weigh up the pros and cons.
8. Think carefully before negative gearing
If your repayments on the investment loan won’t be fully covered by the rent, your property will be negatively geared. While this can have tax advantages, it can also lead to financial stress if you don’t have enough cash flow to cover the loan repayments, rates or body corporate fees, so consider your budget carefully before buying
9. Still paying off your own home?
It isn’t necessary to have your own home fully paid off before buying an investment property, however it is important to be comfortable with your current debt levels. Ideally you’d want to have a large portion of your own home paid off and other debts, such as credit cards, under control.
10. Get a building inspection
Before signing a purchase contract, take the time to understand the building report to avoid expensive repairs down the track. Termites are one potential problem to watch out for.
One of my goal for this year is to buy a property for RENTAL, CAN it be achieve?????
When it comes to building a retirement nest egg for the future, property is still regarded as one of the safest long-term investments.
While some investors may want to buy a property and rent it out straight away, others may choose to live in the home while they renovate it. Investing in bricks and mortar can be a great way to create wealth, but there are some golden rules to consider before taking the plunge into property investment.
1. Know your budget
Before investing in property it’s vital to have a thorough understanding of your cash flow. Also, ask your bank for a pre-approval of your investment loan, so you know how much you’re able to borrow before you start hunting for properties.
2. Don’t underestimate ongoing costs
Make sure you budget enough for rates, insurance and general repairs. And when you have purchased your ideal investment property do what you can to prevent costly maintenance issues arising, such as replace ageing taps.
3. Buy in a growth area
Try to choose an investment property in an area where there is strong demand for rental accommodation. Buying a property close to transport, universities and schools will make it more attractive to renters.
4. Be realistic about your investment goals
Are you looking for fast capital growth or wanting to hold the property long-term? During boom periods, it’s much easier to renovate properties and turn them over for a quick profit. In slower economic times, it may take many years to achieve the same growth.
5. Build sweat equity
Paying tradesmen to renovate your investment property is costly. If you’re prepared to get your hands dirty you can save money and increase your profit margin by doing the work yourself.
6. Look for liveable not luxury
Remember a rental property only has to be clean and functional. Don’t get sucked into buying a property simply because it has a stylish interior.
7. Buy with your head not your heart
When house hunting it’s very easy to get caught up in emotions. While a home on a steep block may have a stunning view, it could be a nightmare to renovate due to retaining or excavation costs. Be sure you weigh up the pros and cons.
8. Think carefully before negative gearing
If your repayments on the investment loan won’t be fully covered by the rent, your property will be negatively geared. While this can have tax advantages, it can also lead to financial stress if you don’t have enough cash flow to cover the loan repayments, rates or body corporate fees, so consider your budget carefully before buying
9. Still paying off your own home?
It isn’t necessary to have your own home fully paid off before buying an investment property, however it is important to be comfortable with your current debt levels. Ideally you’d want to have a large portion of your own home paid off and other debts, such as credit cards, under control.
10. Get a building inspection
Before signing a purchase contract, take the time to understand the building report to avoid expensive repairs down the track. Termites are one potential problem to watch out for.
Icon Offshore, Utusan, TAS Offshore, Scanwolf, Pavilion REIT, GHL, Muhibbah, Karex, Maxis, WZ Satu, Mah Sing, Eco World, Nestle, Ireka, and SP Setia
KUALA LUMPUR (April 23): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Friday, April 24) could be: Icon Offshore Bhd, Utusan Melayu (Malaysia) Bhd, TAS Offshore Bhd, Scanwolf Corp Bhd, Pavilion Real Estate Investment Trust (REIT), GHL Systems Bhd, Muhibbah Engineering (M) Bhd, Karex Bhd, Maxis Bhd, WZ Satu Bhd, Mah Sing Group Bhd, Eco World Development Bhd, Nestle (Malaysia) Bhd, Ireka Corp Bhd and S P Setia Bhd.
Offshore supply vessel provider Icon Offshore Bhd told Bursa Malaysia today that its deputy chief executive officer (CEO) Captain Hassan Ali is now in charge of the group’s day-to-day management, following the remand of its CEO Dr Jamal Yusof and the latter’s brother, chief operating officer Rahman Yusof.
The group said it has been informed by Dr Jamal and Rahman’s legal counsel that the duo’s remand will be for a period of three days and thus, Hassan is now in charge of the coordination of the group’s administrative and business activities in their absence.
As such, Icon Offshore said it does not expect the remand to have any financial or operational impact on the group.
“In the absence of the CEO, Captain Hassan, as the Deputy CEO, has assumed the functions of the CEO with effect from Apr 22, 2015, in addition to his existing responsibilities,” it said.
The statement was in response to the local exchange’s query on the operations of the company, following the remand of the Dr Jamal and Rahman on Wednesday to “facilitate and assist [in] investigations”, currently being conducted by the Malaysian Anti-Corruption Commission.
Utusan Malaysia newspaper publisher Utusan Melayu (Malaysia) Bhd is disposing of its 40% stake in Swan Malaysia Sendirian Bhd (Swan) to Germany-based Schwan-STABILO Schwanhäußer Finanzholding GMBH (Schwan) for RM31.8 million, resulting in a gain of RM3.62 million.
Schwan already has a 60% stake in Swan.
In a filing with Bursa Malaysia today, Utusan (fundamental: 0.2; valuation: 0.9) said the proposed disposal will enable it to realise the gain on its investment of about RM3.62 million.
Swan is principally involved in the manufacturing and trading of educational aids, writing instruments and related products, which is not Utusan’s core business activities.
Utusan said it will utilise the bulk of proceeds from the disposal, as working capital. It expects the corporate exercise to be completed by the first half of 2015.
Ship builder TAS Offshore Bhd saw its third financial quarter ended Feb 28, 2015 (3QFY15)'s net profit fall 93.5% on-year to RM676,000, from RM10.46 million a year ago, which drove its earnings per share (EPS) down to 0.38 sen from 5.95 sen, on lower revenue.
Revenue for 3QFY15 came in 34.93% lower at RM74.37 million, compared with RM114.29 million
in the previous corresponding quarter, its filing to Bursa Malaysia today showed.
Cumulatively, the group’s net profit for the nine-month period (9MFY15) was down 60.85% to RM10.28 million, from RM26.25 million in 9MFY14; revenue was up 4.66% to RM201.97 million, from RM192.98 million.
TAS Offshore (fundamental: 1.65; valuation: 1.8) said its earnings declined, mainly due to changes in specifications for vessel during the current quarter.
Scanwolf Corp Bhd, which is involved in property development as well as the design and manufacturing of plastic extrusions, said today that it has appointed PKF Covenant to conduct an investigative review on the group’s operations.
Scanwolf (fundamental: 0.75; valuation: 0.3) told Bursa that the appointment was due to “insufficient measures, severe discrepancies and possible irregularities in the implementation of its development projects that were discovered during a review of its management, operation and practice of certain projects and their contract management processes”.
Scanwolf expects the full review to be completed within eight weeks from the commencement of work today.
The group is also involved in polyvinyl chloride (PVC) compounding, processing of PVC coils for home and office fittings, trading of industrial consumables, as well as other building materials.
Pavilion Real Estate Investment Trust (REIT) saw its first financial quarter ended Mar 31, 2015 (1QFY15)’s distributable income rise 6.7% on-year to RM62.34 million, from RM58.43 million, in tandem with its single digit top line growth.
This translates into a distribution per unit of 2.06 sen per unit, compared to 1.94 sen per unit a year ago, its filing to Bursa Malaysia today showed.
Gross revenue for the quarter was RM105.16 million, up 3.9% from 1QFY14’s RM101.21 million.
Pavilion REIT’s manager pledged to continue its effort to attract shoppers, manage its operational cost effectively, and seek investment prospects to ensure achievable return to unitholders.
Payment system provider GHL Systems Bhd has signed an agreement to provide payment facilitator or third party acquisition (TPA) services to CIMB Bank Bhd.
Under the agreement, GHL (fundamental: 1.2; valuation: 0.2) will seek to acquire between 3,000 and 4,000 merchants on behalf of CIMB Bank in the first year. These merchants will then be able to accept payments from the various International Card Associations.
In a statement, GHL said its revenue will be from terminal rental and merchant discount rates, which will continue as long as the group signs-up merchants for card acceptance as a TPA with CIMB Bank.
It said its strategy going forward, will involve the deployment of conventional electronic data capture terminals and mobile point of sales devices, as well as e-commerce.
GHL will also offer e-pay services such as mobile prepaid reload and bill payment collection services to these merchants, as value-added services.
Oil and gas engineering firm Muhibbah Engineering (M) Bhd’s group finance director Shirleen Lee expects the outcome of the RM1 billion tender in Petronas’ Refinery and Petrochemicals Integrated
Development (Rapid) to be known in the second half of this year or sometime next year.
At the sidelines of the Invest Malaysia 2015 conference today, she said Muhibbah’s (fundamental: 1.1; valuation: 0.8) tender book stood at about RM4 billion, while its order book was slightly over RM2 billion as at February this year.
Karex Bhd (fundamental: 2.25; valuation: 0.3)’s chief executive officer Goh Miah Kiat said the group, which is on the lookout for merger and acquisition (M&A) opportunities to build its own-brand business, expects to buy at least one company "that will provide relevant synergies and complement its existing business — particularly in the distribution channel" in the next 12 months.
However, he said the discussion is still “very much preliminary”, with no firm agreement sealed.
Maxis Bhd is reducing up to 50% of the prices for its prepaid tablet plans, effective May 1, 2015.
Maxis (fundamental: 1.15; valuation: 1.1) said the price of its ‘Hotlink Tablet Plan Simpack’ will be reduced by 50% from RM60 to RM30, with free 1GB data valid for 365 days.
Its 1GB data add-on price, meanwhile, will be cut from RM30 to RM25. The telecommunications company is also introducing a 2GB data add-on that will be priced at RM45.
WZ Satu Bhd registered a net profit of RM5.11 million for the second financial quarter ended Feb 28, 2015 (2QFY15), with its mining and engineering businesses contributing to the bulk of earnings.
Meanwhile, revenue came in at RM86.37 million. Earnings per share (EPS) for the quarter was 2.01 sen.
There is no year-on-year comparison, due to a change in its financial year end from April 30 to Aug 31.
For the six months to Feb 28, 2015 (1HFY15), WZ Satu (fundamental: 1.7; valuation: 1.1) reported net profit of RM10.59 million on revenue of RM146.3 million. EPS for 1HFY15 was 4.53 sen.
Earlier today at WZ Satu’s extraordinary general meeting (EGM), executive chairman and chief executive officer Tengku Uzir Tengku Ubaidillah said he hopes to see the group’s net profit for FY15 double, compared to a year ago.
The group posted a substantial jump in net profit to RM11.68 million for the 16-month consolidated financial period ended Aug 31, 2014.
Property developer Mah Sing Group Bhd is on track to achieving its sales target of RM3.43 billion for the financial year ended Dec 31, 2015 (FY15), according to its founder cum group managing director Tan Sri Leong Hoy Kum.
Mah Sing (fundamental: 2; valuation: 2.4) had only chalked up RM761 million in sales as at April 22, but Leong believes this is due to the festive season in the first quarter of 2015, and thinks the group will be able to catch up and meet its target this year.
Eco World Development Bhd (EcoWorld), often viewed as tycoon Tan Sri Liew Kee Sin’s brainchild, is looking at a second half listing for its special purpose acquisition company (SPAC), Eco World International (EWI).
At a news conference on the sidelines of Invest Malaysia Kuala Lumpur, EcoWorld’s chief financial officer Datuk Heah Kok Boon said the Securities Commission Malaysia (SC) is still looking at the SPAC's listing submission, which was handed in at the end of last year.
Heah kept mum on details on the SPAC’s specific timeline and specifications, while citing that it's an ongoing application.
Meanwhile, Heah also revealed Eco World will not propose any dividend for its shareholders for the next two to three years, as it is still in a growth phase.
Nestle (M) Bhd’s capital expenditure (capex) will be lower in financial year ending Dec 31, 2015 (FY15).
At a media conference after the group’s annual general meeting, executive director responsible for finance and control Martin Peter Krugel, said the group has allocated a capex ranging from RM150 million to RM180 million for FY15.
Last year, Nestle (fundamental: 1.75; valuation: 1.5)’s capex was RM350 million.
Builder cum property developer Ireka Corp Bhd's managing director Lai Voon Hon said the management intends to grow its property division to be on par with its construction division.
Currently, he said Ireka (fundamental: 0.2; valuation: 0.9) derives 85% of its turnover from the construction segment, while the property division contributes some 15%.
Property player S P Setia Bhd has fixed the price of its new shares to be issued in relation to its third dividend reinvestment plan (3rd DRP) at RM3.10 per share.
Offshore supply vessel provider Icon Offshore Bhd told Bursa Malaysia today that its deputy chief executive officer (CEO) Captain Hassan Ali is now in charge of the group’s day-to-day management, following the remand of its CEO Dr Jamal Yusof and the latter’s brother, chief operating officer Rahman Yusof.
The group said it has been informed by Dr Jamal and Rahman’s legal counsel that the duo’s remand will be for a period of three days and thus, Hassan is now in charge of the coordination of the group’s administrative and business activities in their absence.
As such, Icon Offshore said it does not expect the remand to have any financial or operational impact on the group.
“In the absence of the CEO, Captain Hassan, as the Deputy CEO, has assumed the functions of the CEO with effect from Apr 22, 2015, in addition to his existing responsibilities,” it said.
The statement was in response to the local exchange’s query on the operations of the company, following the remand of the Dr Jamal and Rahman on Wednesday to “facilitate and assist [in] investigations”, currently being conducted by the Malaysian Anti-Corruption Commission.
Utusan Malaysia newspaper publisher Utusan Melayu (Malaysia) Bhd is disposing of its 40% stake in Swan Malaysia Sendirian Bhd (Swan) to Germany-based Schwan-STABILO Schwanhäußer Finanzholding GMBH (Schwan) for RM31.8 million, resulting in a gain of RM3.62 million.
Schwan already has a 60% stake in Swan.
In a filing with Bursa Malaysia today, Utusan (fundamental: 0.2; valuation: 0.9) said the proposed disposal will enable it to realise the gain on its investment of about RM3.62 million.
Swan is principally involved in the manufacturing and trading of educational aids, writing instruments and related products, which is not Utusan’s core business activities.
Utusan said it will utilise the bulk of proceeds from the disposal, as working capital. It expects the corporate exercise to be completed by the first half of 2015.
Ship builder TAS Offshore Bhd saw its third financial quarter ended Feb 28, 2015 (3QFY15)'s net profit fall 93.5% on-year to RM676,000, from RM10.46 million a year ago, which drove its earnings per share (EPS) down to 0.38 sen from 5.95 sen, on lower revenue.
Revenue for 3QFY15 came in 34.93% lower at RM74.37 million, compared with RM114.29 million
in the previous corresponding quarter, its filing to Bursa Malaysia today showed.
Cumulatively, the group’s net profit for the nine-month period (9MFY15) was down 60.85% to RM10.28 million, from RM26.25 million in 9MFY14; revenue was up 4.66% to RM201.97 million, from RM192.98 million.
TAS Offshore (fundamental: 1.65; valuation: 1.8) said its earnings declined, mainly due to changes in specifications for vessel during the current quarter.
Scanwolf Corp Bhd, which is involved in property development as well as the design and manufacturing of plastic extrusions, said today that it has appointed PKF Covenant to conduct an investigative review on the group’s operations.
Scanwolf (fundamental: 0.75; valuation: 0.3) told Bursa that the appointment was due to “insufficient measures, severe discrepancies and possible irregularities in the implementation of its development projects that were discovered during a review of its management, operation and practice of certain projects and their contract management processes”.
Scanwolf expects the full review to be completed within eight weeks from the commencement of work today.
The group is also involved in polyvinyl chloride (PVC) compounding, processing of PVC coils for home and office fittings, trading of industrial consumables, as well as other building materials.
Pavilion Real Estate Investment Trust (REIT) saw its first financial quarter ended Mar 31, 2015 (1QFY15)’s distributable income rise 6.7% on-year to RM62.34 million, from RM58.43 million, in tandem with its single digit top line growth.
This translates into a distribution per unit of 2.06 sen per unit, compared to 1.94 sen per unit a year ago, its filing to Bursa Malaysia today showed.
Gross revenue for the quarter was RM105.16 million, up 3.9% from 1QFY14’s RM101.21 million.
Pavilion REIT’s manager pledged to continue its effort to attract shoppers, manage its operational cost effectively, and seek investment prospects to ensure achievable return to unitholders.
Payment system provider GHL Systems Bhd has signed an agreement to provide payment facilitator or third party acquisition (TPA) services to CIMB Bank Bhd.
Under the agreement, GHL (fundamental: 1.2; valuation: 0.2) will seek to acquire between 3,000 and 4,000 merchants on behalf of CIMB Bank in the first year. These merchants will then be able to accept payments from the various International Card Associations.
In a statement, GHL said its revenue will be from terminal rental and merchant discount rates, which will continue as long as the group signs-up merchants for card acceptance as a TPA with CIMB Bank.
It said its strategy going forward, will involve the deployment of conventional electronic data capture terminals and mobile point of sales devices, as well as e-commerce.
GHL will also offer e-pay services such as mobile prepaid reload and bill payment collection services to these merchants, as value-added services.
Oil and gas engineering firm Muhibbah Engineering (M) Bhd’s group finance director Shirleen Lee expects the outcome of the RM1 billion tender in Petronas’ Refinery and Petrochemicals Integrated
Development (Rapid) to be known in the second half of this year or sometime next year.
At the sidelines of the Invest Malaysia 2015 conference today, she said Muhibbah’s (fundamental: 1.1; valuation: 0.8) tender book stood at about RM4 billion, while its order book was slightly over RM2 billion as at February this year.
Karex Bhd (fundamental: 2.25; valuation: 0.3)’s chief executive officer Goh Miah Kiat said the group, which is on the lookout for merger and acquisition (M&A) opportunities to build its own-brand business, expects to buy at least one company "that will provide relevant synergies and complement its existing business — particularly in the distribution channel" in the next 12 months.
However, he said the discussion is still “very much preliminary”, with no firm agreement sealed.
Maxis Bhd is reducing up to 50% of the prices for its prepaid tablet plans, effective May 1, 2015.
Maxis (fundamental: 1.15; valuation: 1.1) said the price of its ‘Hotlink Tablet Plan Simpack’ will be reduced by 50% from RM60 to RM30, with free 1GB data valid for 365 days.
Its 1GB data add-on price, meanwhile, will be cut from RM30 to RM25. The telecommunications company is also introducing a 2GB data add-on that will be priced at RM45.
WZ Satu Bhd registered a net profit of RM5.11 million for the second financial quarter ended Feb 28, 2015 (2QFY15), with its mining and engineering businesses contributing to the bulk of earnings.
Meanwhile, revenue came in at RM86.37 million. Earnings per share (EPS) for the quarter was 2.01 sen.
There is no year-on-year comparison, due to a change in its financial year end from April 30 to Aug 31.
For the six months to Feb 28, 2015 (1HFY15), WZ Satu (fundamental: 1.7; valuation: 1.1) reported net profit of RM10.59 million on revenue of RM146.3 million. EPS for 1HFY15 was 4.53 sen.
Earlier today at WZ Satu’s extraordinary general meeting (EGM), executive chairman and chief executive officer Tengku Uzir Tengku Ubaidillah said he hopes to see the group’s net profit for FY15 double, compared to a year ago.
The group posted a substantial jump in net profit to RM11.68 million for the 16-month consolidated financial period ended Aug 31, 2014.
Property developer Mah Sing Group Bhd is on track to achieving its sales target of RM3.43 billion for the financial year ended Dec 31, 2015 (FY15), according to its founder cum group managing director Tan Sri Leong Hoy Kum.
Mah Sing (fundamental: 2; valuation: 2.4) had only chalked up RM761 million in sales as at April 22, but Leong believes this is due to the festive season in the first quarter of 2015, and thinks the group will be able to catch up and meet its target this year.
Eco World Development Bhd (EcoWorld), often viewed as tycoon Tan Sri Liew Kee Sin’s brainchild, is looking at a second half listing for its special purpose acquisition company (SPAC), Eco World International (EWI).
At a news conference on the sidelines of Invest Malaysia Kuala Lumpur, EcoWorld’s chief financial officer Datuk Heah Kok Boon said the Securities Commission Malaysia (SC) is still looking at the SPAC's listing submission, which was handed in at the end of last year.
Heah kept mum on details on the SPAC’s specific timeline and specifications, while citing that it's an ongoing application.
Meanwhile, Heah also revealed Eco World will not propose any dividend for its shareholders for the next two to three years, as it is still in a growth phase.
Nestle (M) Bhd’s capital expenditure (capex) will be lower in financial year ending Dec 31, 2015 (FY15).
At a media conference after the group’s annual general meeting, executive director responsible for finance and control Martin Peter Krugel, said the group has allocated a capex ranging from RM150 million to RM180 million for FY15.
Last year, Nestle (fundamental: 1.75; valuation: 1.5)’s capex was RM350 million.
Builder cum property developer Ireka Corp Bhd's managing director Lai Voon Hon said the management intends to grow its property division to be on par with its construction division.
Currently, he said Ireka (fundamental: 0.2; valuation: 0.9) derives 85% of its turnover from the construction segment, while the property division contributes some 15%.
Property player S P Setia Bhd has fixed the price of its new shares to be issued in relation to its third dividend reinvestment plan (3rd DRP) at RM3.10 per share.
Alvin Tan Jye Yee - “Sumptuous Erotica”
NEVER EVER POST NAKED ON THE NET.
(16 October 2012 3pm) National University of Singapore law scholar Alvin Tan Jye Yee told Yahoo! Singapore on Tuesday afternoon that he has taken down his joint sex blog with his girlfriend "because there's been too much trouble for this and we want to stay out of trouble".
(16 October 2012 3pm) National University of Singapore law scholar Alvin Tan Jye Yee told Yahoo! Singapore on Tuesday afternoon that he has taken down his joint sex blog with his girlfriend "because there's been too much trouble for this and we want to stay out of trouble".
Earlier, the NUS student said erotic photos and videos of himself and his girlfriend going viral was "exciting".
He had also said he is prepared to face the consequences of posting the sexual content on their personal blog.
On the site “Sumptuous Erotica”, Alvin Tan Jye Yee and Vivian Lee said they love posting about their sex life on the web “for everyone to enjoy” and that they upload only self-made content.
Some of the explicit photos posted on the website show the couple's naked bodies or body parts, and one shows a bloodstained sanitary pad.
In an interview with Yahoo! Singapore on Tuesday morning, Tan talked about why he started the blog and about facing the consequences of his postings.
"One fine day, we were just fooling around and my girlfriend had the idea of taking nude photos, just taking them, not necessarily uploading them. With more and more photos that we took, we started to want some sort of recognition for our work so we started uploading them on FB but we blurred out the critical parts," he said.
As the photos kept on getting flagged and being taken down, he said they started the blog near the end of September this year. It has since gone viral.
He says he has "mixed feelings" about all the attention the blog has gotten. "Part of me was worried about the real negative consequences like whether I breached anything legal or how would NUS react to this," he said.
"Of course the other part of me feels it’s quite surreal. I can’t say that I’m not excited," he added. "It’s not something you get to do everyday, it’s something most people won’t get to do in their whole life so that’s what I mean by exciting. It’s something different and unique."
He and his girlfriend have even been approached by companies in Singapore to endorse sex toys and lingerie, he disclosed.
Tan and Lee, both aged 23 and both Malaysian, are in Malaysia now, and Tan has taken a leave of absence from school to pursue a daily deals business.
On 15 October 2012, someone anonymously asked the couple why they do such things and their reply was, “Because we believe that there’s nothing inherently wrong with sex."
"We don’t see why people who are sexually-active and/or being open about their sex lives should be treated as sinners or criminals. Sex is a natural reproductive process that really doesn’t deserve to have a stigma attached to it. Close-minded people need to get over it," they said.
On facing possible consequences, Tan, who is in his last year as a law student, said that NUS has not contacted him yet.
"So far so good. I wouldn’t say I’m not worried but I’m prepared for it – to be expelled, for my scholarship to be taken away," he asserted, adding that he is prepared for either or both as he has been on leave from NUS for a year and a half. "I started my own firm and it’s doing pretty well, so that’s actually my career plan anyway," he said.
He still want to come back to Singapore to finish his studies if he can."I have some time right now so I want to do that but I’m not sure if I’ll be allowed to do that anymore. I would definitely go back to Singapore if I’m allowed to," he said.
Touching on the legal consequences of posting such explicit photos, he explained that all the activities had taken place in Malaysia and the postings had been done there.
"I know that also in law... if you’re not a Singapore national and you committed a crime outside of Singapore then you are basically scot-free," he said. "I don’t think I’ve contravened anything based on my own legal knowledge."
He said his friends who have read an article from The Straits Times quoting a lawyer as saying Tan could face charges for breaching the Films Act for the explicit videos do not agree with that lawyer.
"I don’t think I’m in any legal trouble," he averred.
An ex-classmate of Tan from junior college was not surprised by the NUS student’s behaviour. “He was very competitive in class, really smart and outspoken but at the same time eccentric. He was just plain weird so I wasn’t surprised when he came up with the blog,” she said.
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