Friday, May 31, 2013

Chart - DAYA

Chart - TIGER

(RHB) KSL Holdings Berhad - A Cheap Small Cap Iskandar Play

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KSL Holdings Berhad - A Cheap Small Cap Iskandar Play
2013-05-31 00:19:07.314 GMT

We raise our fair value on KSL to MYR2.65, after we adjust some of our land
value assumptions in RNAV estimate. 1Q13 earnings came in above expectations,
driven by both the property development and investment divisions. Better product
mix and stronger income from the hotel operations have contributed to the
growth. We continue to see value in this small cap Iskandar play. Maintain Buy.

Contributed via: Bloomberg Publisher WEB Service

Provider ID: f289d1ecd551450f881ade093c2b71f3


-0- May/31/2013 00:19 GMT

(AJZ) Al Jazeera: Assad 'to respond' to any Israeli aggression - Middle East - Al Jazeera English

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Al Jazeera: Assad 'to respond' to any Israeli aggression - Middle East - Al Jazeera English
2013-05-31 00:27:56.385 GMT

http://www.aljazeera.com/news/middleeast/2013/05/2013530194217674256.html

PageExcerpt:
Syrian President Bashar al-Assad threatened Israel with renewed fighting in the Golan Heights and said Russia was committed to supplying him with advanced missiles, in an interview with a local Lebanese television station. "We have informed all the ...

(BN) Japan Output Exceeds Estimates in Boost for Abe Revival Campaign

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Japan Output Exceeds Estimates in Boost for Abe Revival Campaign
2013-05-31 00:24:06.741 GMT


By Keiko Ujikane and Toru Fujioka
May 31 (Bloomberg) -- Japan's industrial production rose a
more-than-estimated 1.7 percent in April, exceeding the highest
estimate in a Bloomberg News survey, helping Prime Minister
Shinzo Abe's economic revival campaign.
The pace quickened from the previous month, when output
gained 0.9 percent, the Trade Ministry said in Tokyo today.The
median forecast of 30 analysts was for a 0.6 percent gain.
Consumer prices fell a sixth month, a separate report showed.
Stocks rebounded today after volatility that has
highlighted the importance of Abe winning public and investor
confidence in the "third arrow" of Abenomics, a growth
strategy to accompany monetary and fiscal stimulus. Gross
domestic product expanded the most in a year in the first
quarter as pledges for monetary easing weakened the yen and
boosted shares, supporting exports and consumer spending.
"Japan's economy will probably hold on to steady growth in
the coming quarters," Kohei Okazaki, an economist at Nomura
Securities Co. in Tokyo, said before the report.
The Topix index rose 1.8 percent as of 9:07 a.m. in Tokyo,
rebounding from a 3.8 percent decline yesterday. A 6.9 percent
slide on May 23 was the biggest since March 2011, when an
earthquake and tsunami triggered a nuclear crisis. The gauge is
up 34 percent this year.
The yen was at 101 a dollar, down 15 percent this year.
Consumer prices excluding fresh food fell 0.4 percent from
a year earlier, the statistics bureau said in Tokyo today,
matching the median estimate of 29 economists in a Bloomberg
News survey. The Bank of Japan expects price declines to
continue for "the time being," partly because of higher energy
and durable goods costs in the past, as Governor Haruhiko Kuroda
chases 2 percent inflation.
"The decline is largely affected by technical reasons from
last year -- still, it doesn't change the fact that it will be
extremely difficult for Kuroda to fulfill his pledge to hit the
target," Masamichi Adachi, senior economist at JPMorgan Chase &
Co. in Tokyo and a former central bank official, said before the
release. Investors will be focused on Abe's growth measures next
month, Adachi said.

For Related News and Information:
Abe Adviser Hamada Says BOJ Should Ease Further If Necessary
NSN MNI4XK1A1I4H <GO>
Japan Exports Miss Estimates After Yen Slides to 4-Year Low
NSN MN6EGE6TTDT7 <GO>
Japan GDP Jumps Most in Year as Consumers Open Wallets: Economy
NSN MMW2FT6K50YB <GO>

Top Stories: TOP<GO>
Top Economy stories: TOP ECO <GO>
Japan's top stories: TOP JN <GO>
Stories on Bank of Japan NI BOJ <GO>
World currency ranker: WCRS <GO>

--Editor: Paul Panckhurst

To contact the reporters on this story:
Keiko Ujikane in Tokyo at +81-3-3201-7311 or
kujikane@bloomberg.net;
Toru Fujioka in Tokyo at +81-3-3201-2158 or
tfujioka1@bloomberg.net

To contact the editor responsible for this story:
Paul Panckhurst at +852-2977-6603 or
ppanckhurst@bloomberg.net

STW

(BFW) MALAYSIA DAYBOOK: Genting, MMC, Sunway, Shin Yang, KNM, KSL, IGB

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MALAYSIA DAYBOOK: Genting, MMC, Sunway, Shin Yang, KNM, KSL, IGB
2013-05-30 21:39:08.959 GMT


(To be sent this Daybook daily: SALT MYDAYBOOK)

By Elffie Chew and Chong Pooi Koon
May 31 (Bloomberg) -- Genting Bhd. (GENT MK), which
controls Southeast Asia's biggest casino operator, said first-
quarter profit fell 43 percent because of lower sales from its
Singapore and U.K. gaming resorts as well as plantation
division.
Net income for the three months ended March 31 dropped to
397.8 million ringgit ($129 million), or 10.77 sen a share, from
693.6 million ringgit, or 18.79 sen, a year earlier, according
to a filing to the Kuala Lumpur stock exchange today. Revenue
declined 2.8 percent to 4.13 billion ringgit.

EQUITY MOVERS:
* Ahmad Zaki (AZR MK): 1Q net declines to 2.5m ringgit from
5.5m ringgit yr earlier; renews bunkering contract with
Petronas Dagangan
* Country Heights (CHH MK): 1Q net jumps to 18.9m ringgit from
1.3m ringgit yr earlier
* Chin Well (CWH MK): 3Q net profit declines to 4.7m ringgit
from 5.9m ringgit yr ago
* Genting Malaysia (GENM MK): 1Q net 419.5m ringgit vs 270.7m
ringgit yr earlier
* Flonic (FLON MK): Unit wins 4.1m ringgit contract to do
renovation work at KLIA
* IGB Corp (IGB MK): 1Q net 48.1m ringgit vs 57.4m ringgit yr
earlier
* Ireka (IREKA MK): 4Q loss widens to 33.3m ringgit from
523,000 ringgit loss yr earlier
* KBB Resources (KBB MK): 3Q net drops to 32,000 ringgit from
2.2m ringgit yr earlier
* KNM Group (KNMG MK): 1Q net profit falls to 2.2m ringgit
from 35.1m ringgit yr ago
* KSL Holdings (KSL MK): 1Q net rises to 47.9m ringgit from
25.3m ringgit yr ago
* Kumpulan Fima (FIMA MK): 4Q net declines to 14.8m ringgit
from 24.9m ringgit yr ago
* Lion Industries (LLB MK): 3Q net profit jumps to 40.7m
ringgit from 1.7m ringgit yr earlier
* Melewar (MIG MK): 3Q loss widens to 50.3m ringgit from 13.4m
ringgit yr earlier
* MMC Corp. (MMC MK): 1Q net drops to 8.8m ringgit from 29.2m
ringgit yr earlier
* Mycron Steel (MSB MK): 3Q net profit 1.4m ringgit vs 330,000
ringgit loss yr earlier
* Pacific & Orient (PO MK): 2Q net surges to 14m ringgit from
1.3m ringgit yr earlier
* Panasonic (PMM MK): 4Q net rises to 14.1m ringgit from 7.5m
ringgit yr earlier
* Priceworth (PWP MK): 3Q loss 20.5m ringgit vs net profit of
77,000 ringgit yr ago
* PW Consolidated (PW MK): 1Q net profit 1.7m ringgit vs loss
of 2.8m ringgit yr earlier
* Rex Industry (REX MK): 1Q net income 1.2m ringgit vs loss of
159,000 ringgit yr ago
* Shin Yang (SHIN MK): 3Q loss 3.9m ringgit vs net income of
13.9m ringgit yr earlier
* SHL Consolidated (SHLC MK): 4Q net increases to 11.4m
ringgit from 4.9m ringgit yr earlier
* Sunway (SWB MK): 1Q net advances to 90.6m ringgit vs 64.4m
ringgit yr earlier
* Supermax (SUCB MK): 1Q net 31.8m ringgit vs 28m ringgit yr
ago
* Tadmax (WIJ MK): Buys 2 offices in Kelana Jaya for 5.4m
ringgit
* TRC Synergy (TRC MK): 1Q net surges to 5.7m ringgit from
1.3m ringgit yr earlier
* Weida (WEI MK): 4Q net rises 3-fold to 55.2m ringgit from
16.8m ringgit yr ago


WHAT TO WATCH:
* Sime Darby (SIME MK) to release 3Q results
* Cargo surveyors Intertek and SGS to release palm oil export
estimates for May


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index fell 0.5 percent
* The MSCI Asia Pacific Index lost 1.7 percent
* The Dow Jones Industrial Average rose 0.1 percent
* Palm oil August-delivery futures declined 1.1 percent


For Related News and Information:
Most-read stories about Malaysia today: MNI MALAY 1D <GO>
Malaysian economic statistics: ECST MA <GO>
Malaysian economic forecasts: ECFC MYR <GO>
Malaysian interest rate forecasts: BYFC MYR <GO>
Malaysia's key overnight policy rate: MAOPRATE <INDEX> GP <GO>

-- Editor:

To contact the reporters on this story:
Elffie Chew in Kuala Lumpur at +60-3-2302-7857 or
echew16@bloomberg.net
Chong Pooi Koon in Kuala Lumpur at +60-3-2302-7854 or
chong17@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

Thursday, May 30, 2013

Chart - GPACKET

Chart - PJI

Wednesday, May 29, 2013

Chart - PATIMAS , r1 6sen

Chart - THHEAVY

STW

(BN) Asian Stocks Rise for Second Day as U.S. Reports Buoy Exporters

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Asian Stocks Rise for Second Day as U.S. Reports Buoy Exporters
2013-05-29 00:40:36.266 GMT


By Adam Haigh
May 29 (Bloomberg) -- Asian stocks rose for a second day
after reports showed U.S. consumer confidence climbed to the
highest level since 2008 and home values jumped the most in
seven years, boosting the outlook for exporters.
Toyota Motor Corp., the world's largest carmaker, gained
0.8 percent after the yen weakened from the close of equity
markets in Japan yesterday. Nissan Motor Co., a carmaker that
gets 79 percent of its revenue abroad, added 1.5 percent in
Tokyo. Korea Electric Power Corp. lost 4.4 percent in Seoul as
brokerages from Daishin Securities to Shinyoung Securities cut
price forecasts on shares of the state-owned firm, saying
suspended operations at some nuclear reactors may reduce profit.
The MSCI Asia Pacific Index advanced 0.2 percent to 137.46
as of 9:39 a.m. in Tokyo, with eight of the 10 industry groups
on the gauge rising, before markets in China and Hong Kong
opened. Futures on the Standard & Poor's 500 Index slipped 0.1
percent.
"An improving U.S. economy should support earnings and
valuations," said Johannes Jooste, who helps oversee more than
$1.76 trillion as a market strategist at Merrill Lynch Wealth
Management in London. "Although Bank of Japan Governor Haruhiko
Kuroda has signaled no extension to his monetary stimulus
package, loose Japanese monetary policy should remain a bolster
for local liquidity."

Relative Value

The MSCI Asia Pacific Index, the benchmark regional
equities gauge, traded at 13.4 times average estimated earnings
yesterday compared with 15.1 for the Standard & Poor's 500 Index
and 13.6 times for the Stoxx Europe 600 Index, according to data
compiled by Bloomberg. The Asia Pacific gauge fell 3 percent
this month through yesterday, on course for its first decline in
seven months.
Japan's Topix index, the nation's broadest equity gauge,
added 1 percent. Australia's S&P/ASX 200 Index gained 0.2
percent and New Zealand's NZX 50 Index rose 0.4 percent. South
Korea's Kospi index advanced 0.6 percent.
U.S. consumer confidence climbed in May to the highest
level in more than five years, a Conference Board report showed
yesterday. The index rose to 76.2, the strongest since February
2008 and exceeding the highest estimate in a Bloomberg survey of
economists.
Separate data showed U.S. house prices rose in the 12
months through March by the most in seven years as the recovery
in residential real estate gained momentum. The S&P/Case-Shiller
index of property values increased 10.9 percent from March 2012,
the biggest 12-month gain since April 2006, after advancing 9.4
percent in February.
The yen traded at 102.37 per dollar as of 9:27 a.m. in
Tokyo, declining from 101.98 at the close of equity markets
yesterday in Japan.
SoftBank Corp. climbed 2.1 percent to 5,320 yen in Tokyo
after a person familiar with the situation said its takeover of
Sprint Nextel Corp. was close to passing a U.S national-security
review.

For Related News and Information:
Developed Market View: DMMV <GO>
Graphing: GRAPH <GO>
Feature stories on stocks: TNI STK GREET <GO>
MSCI Asia Pacific versus Dow Jones Industrial Average:
MXAP <Index> INDU <Index> HS <GO>
World Trends and Reversals: WTR <GO>
Equity screening: EQS <GO>

--Editor: John McCluskey

To contact the reporter on this story:
Adam Haigh in Sydney at +61-2-9777-8635 or
ahaigh1@bloomberg.net

To contact the editor responsible for this story:
Nick Gentle at +852-2977-6545 or
ngentle2@bloomberg.net

(BFW) MALAYSIA DAYBOOK: IJM, Bintulu, Silk, YNH, Lion Forest, Kwantas

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MALAYSIA DAYBOOK: IJM, Bintulu, Silk, YNH, Lion Forest, Kwantas
2013-05-28 21:34:37.675 GMT


(To be sent this Daybook daily: SALT MYDAYBOOK)

By Elffie Chew and Chong Pooi Koon
May 29 (Bloomberg) -- IJM Corp., a construction company,
said net income declined 23 percent to 64.4 million ringgit
($21.2 million) in the fourth quarter ended March 31. Revenue
rose 3.3 percent to 1.25 billion ringgit.
Full-year net income climbed 2.9 percent to 420.9 million
ringgit because of higher earnings from construction and
properties, according to a stock exchange filing yesterday.
That's below the mean estimate of 472.6 million ringgit by 14
analysts, according to data compiled by Bloomberg.

EQUITY MOVERS:
* Bintulu Port (BPH MK): 1Q net falls to 36.4m ringgit from
43.8m ringgit yr ago
* Coastal Contracts (COCO MK): 1Q net 31.1m ringgit vs 30.8m
ringgit yr earlier
* Cocoaland (COLA MK): 1Q net falls to 4.1m ringgit from 5m
ringgit yr ago
* Dutch Lady Milk (DLM MK): 1Q net income climbs to 29m
ringgit from 27.5m ringgit yr ago
* Favelle Favco (FFB MK): 1Q net profit rises to 10.5m ringgit
vs 10.3m ringgit yr earlier
* Golsta (GSB MK): Plans to raise as much as 5.5m ringgit from
private placement of up to 10% shares
* Hap Seng (HAP MK): 1Q net income declines to 20m ringgit
from 43.3m ringgit yr earlier
* IJM Land (IJMLD MK): 4Q net income rises to 65.3m ringgit vs
55.8m ringgit yr earlier; declares 5 sen/shr dividend
* IJM Plantations (IJMP MK): 4Q net jumps 3-fold to 22.2m
ringgit from 7.1m ringgit yr earlier
* Kejuruteraan Samudra (KSTB MK): 3Q net 331,000 ringgit vs
loss of 837,000 ringgit yr ago
* Kwantas (KWAN MK): 3Q net income jumps to 13.6m ringgit from
2.2m ringgit yr earlier
* Leader Steel (LDST MK): 1Q net 3.3m ringgit vs loss of
233,000 ringgit yr earlier
* Lion Forest (POS MK): 3Q net climbs to 7.3m ringgit from
5.5m ringgit yr earlier
* Malton (MALT MK): 3Q net drops to 1.5m ringgit from 13.8m
ringgit yr earlier
* MTD ACPI (ACP MK): 4Q net profit 42.5m ringgit vs loss of
20.6m ringgit yr earlier
* Perwaja (PERH MK): 1Q loss of 18.5m ringgit vs net profit of
16.2m ringgit yr earlier
* Perstima (PER MK): 4Q net rises to 10.9m ringgit from 4.6m
ringgit yr earlier; declares 26.5 sen/shr dividend vs 20 sen
* Sarawak Plantation (SPLB MK): 1Q net falls to 7.5m ringgit
from 16.6m ringgit yr earlier
* Silk Holdings (SIB MK): Wins 36m ringgit contract from
Petrofac
* Southern Acids (SA MK): 4Q net profit 6.5m ringgit vs loss
of 576,000 ringgit yr earlier
* Tambun Indah (TILB MK): Agrees to sell land in Seberang Prai
for 12.9m ringgit
* Tekala (TEK MK): 4Q loss widens to 7.1m ringgit from 3.1m
ringgit loss yr earlier
* YNH Property (YNHB MK): 1Q net increases to 11m ringgit from
8.4m ringgit yr earlier


WHAT TO WATCH:
* Dutch Lady Milk (DLM MK) to hold annual shareholders'
meeting


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index increased 0.5
percent
* The MSCI Asia Pacific Index gained 0.2 percent
* The Dow Jones Industrial Average rose 0.7 percent
* Palm oil August-delivery futures gained 0.3 percent


For Related News and Information:
Most-read stories about Malaysia today: MNI MALAY 1D <GO>
Malaysian economic statistics: ECST MA <GO>
Malaysian economic forecasts: ECFC MYR <GO>
Malaysian interest rate forecasts: BYFC MYR <GO>
Malaysia's key overnight policy rate: MAOPRATE <INDEX> GP <GO>

-- Editor:

To contact the reporters on this story:
Elffie Chew in Kuala Lumpur at +60-3-2302-7857 or
echew16@bloomberg.net
Chong Pooi Koon in Kuala Lumpur at +60-3-2302-7854 or
chong17@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

Tuesday, May 28, 2013

Chart - THHEAVY , s1 84sen

Chart - SCOMI

Chart - OPENSYS

STW

(BFW) MALAYSIA DAYBOOK: Petronas Chemicals, Parkson, MPHB, Matrix, DVM

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MALAYSIA DAYBOOK: Petronas Chemicals, Parkson, MPHB, Matrix, DVM
2013-05-27 21:22:51.47 GMT


(To be sent this Daybook daily: SALT MYDAYBOOK)

By Elffie Chew and Chong Pooi Koon
May 28 (Bloomberg) -- Petronas Chemicals Bhd. (PCHEM MK),
Malaysia's sixth-biggest company by market value, reported an 8
percent rise in first-quarter net profit to 1.11 billion ringgit
($365 million) on revenue of 4.46 billion ringgit, according to
a filing to the stock exchange yesterday.
The petrochemicals arm of Malaysia's state-owned oil and
gas group Petroliam Nasional Bhd., attributed the profit
increase to improved margins arising from higher product prices
and lower feedstock costs.

EQUITY MOVERS:
* Dayang (DEHB MK): Wins 5-yr contract from Petronas Carigali
to provide hook-up, commissioning and topside major
maintenance services
* DVM (DVM MK): Trades ex-rights June 6; proposes 4 rights
shares with 3 warrants for every 2 shares held
* Ekovest(EKO MK): 3Q net declines to 8.6m ringgit from 21.1m
ringgit yr earlier
* Grand-Flo (GFLO MK): 1Q net rises to 4.4m ringgit from 2.2m
ringgit yr earlier
* Goodway (GII MK): Agrees to buy factory buildings in Sabah
for 16.4m ringgit reserve price
* GW Plastics (GWPB MK): 1Q net income jumps to 72.6m ringgit
from 5.2m ringgit yr ago
* KUB (KUBM MK): Reports 1Q net profit of 589,000 ringgit vs
loss of 4.1m ringgit yr earlier
* Lay Hong (LAY MK): 4Q loss 5.2m ringgit vs net profit of
4.9m ringgit yr earlier
* Muar Ban Lee (MBL MK): 1Q net income drops to 2.7m ringgit
from 6.5m ringgit yr ago
* Multi-Purpose (MPU MK): 1Q net surges to 149.4m ringgit from
83.7m ringgit yr earlier
* Naim (NHB MK): 1Q net surges to 41.2m ringgit from 16.1m
ringgit yr ago
* Parkson (PKS MK): 3Q net profit falls to 76.9m ringgit from
102.4m ringgit yr earlier; declares 8 sen/share interim
dividend vs 6 sen
* Pasdec (PSD MK): 1Q net drops to 239,000 ringgit from 9.5m
ringgit yr earlier
* Permaju (PERM MK): Reports 1Q net loss of 2.8m ringgit vs
profit of 565,000 ringgit yr earlier
* SapuraKencana (SAKP MK): Unit gets contract from ExxonMobil
Exploration and Production Malaysia Inc valued at between
300m and 500m ringgit
* Ta Win (TWH MK): 1Q net 166,000 ringgit vs loss of 4.6m
ringgit yr ago


WHAT TO WATCH:
* Matrix Concepts (MCH MK) shares to debut
* Gatehouse Bank opens representative office
* Hap Seng (HAP MK) to hold annual shareholders' meeting


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index fell 0.3 percent
* The MSCI Asia Pacific Index lost 1.3 percent
* The Dow Jones Industrial Average closed for holiday
* Palm oil August-delivery futures gained 0.4 percent


For Related News and Information:
Most-read stories about Malaysia today: MNI MALAY 1D <GO>
Malaysian economic statistics: ECST MA <GO>
Malaysian economic forecasts: ECFC MYR <GO>
Malaysian interest rate forecasts: BYFC MYR <GO>
Malaysia's key overnight policy rate: MAOPRATE <INDEX> GP <GO>

-- Editor:

To contact the reporters on this story:
Elffie Chew in Kuala Lumpur at +60-3-2302-7857 or
echew16@bloomberg.net
Chong Pooi Koon in Kuala Lumpur at +60-3-2302-7854 or
chong17@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

Monday, May 27, 2013

60m Chart - THHEAVY

Chart - THHEAVY

voir

(BN) Japan Stocks Extend Last Week’s Drop as Yen Gains Hit Exporters

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Japan Stocks Extend Last Week's Drop as Yen Gains Hit Exporters
2013-05-27 00:27:17.699 GMT


By Anna Kitanaka
May 27 (Bloomberg) -- Japanese shares fell, with the Topix
Index extending the biggest weekly decline since August 2011, as
the yen rose a third day after Bank of Japan Governor Haruhiko
Kuroda said the country could withstand higher interest rates.
All but six stocks fell on the exporter-heavy Nikkei 225
Stock Average. Toyota Motor Corp. lost 1.9 percent. Tokyo
Electric Power Co. sank 5.3 percent. Kobe Steel Ltd. advanced
after the Nikkei newspaper reported it would cut capacity.
The Topix lost 2.8 percent to 1,160.86 as of 9:18 a.m. in
Tokyo. The measure finished last week down 4.7 percent after
plunging 6.9 percent on May 23, the most since the aftermath of
the March 2011 disaster. The Nikkei 225 lost 3.2 percent to
14,142.71 today.

For Related News and Information:
Top Stories: TOP<GO>
Top stock-market news: TOP STK <GO>
World equity valuations: WPE <GO>
World equity index monitor: WEI <GO>
Most-read stock market stories: MNI STK <GO>
Biggest movers this year: TPX <Index> MRR 10 <GO>
Market map of today's trading: TPX <Index> IMAP <GO>

--Editor: Jason Clenfield

To contact the reporter on this story:
Anna Kitanaka in Tokyo at +81-3-3201-8140 or
akitanaka@bloomberg.net

To contact the editor responsible for this story:
Nick Gentle at +852-2977-6545 or
ngentle2@bloomberg.net

NKY

STW