Company Overview and News

To sell or not to sell?

Late Friday last week, little known Pinehill Pacific Bhd (formerly known as Multi Vest Resources Bhd, which by the way was formerly known as Best World Land Bhd) surprised the market with the announcement that it was parting with nearly 9,000 acres of landbank and related plantation assets held via three subsidiary companies to United Plantations Bhd (UP) for a whopping sum of RM413.6mil.
2038 5138 1996 UPBMF 4383 7501 1902 2089 5112

IJM Plantations a target, cash-rich IOI leading suitor

High demand: Among the suitors eyeing IJM Plantations, which has 61,000ha of planted area in Sabah, Kalimantan and Sumatra, are plantation groups such as IOI and Hap Seng Plantations.
5138 1996 2216 5254

Getting a grip on Hap Seng Plantations’ aborted Kretam deal

In the hey days of the market in the 1990s, public viewing galleries will cheer every time when they see Kretam Holdings Bhd ’s (Kretam) share price move along with other market darlings of the yesteryear. They would say in the Malay language, “Ketam mari, Ketam mari”, as in the stock is having an upward run and it’s time to “jump in.”
5138 1996

KLCI down 0.66% as investor sentiment remains jittery

2018-06-22 theedgemarkets
KUALA LUMPUR (June 22): The FBM KLCI fell 0.66% at mid-morning today, tracking losses at the regional markets as investor sentiment remained jittery given the spectre of a global trade war.
APEXF 7090 UPBMF 4065 7235 BATS 4162 2089 9334 KLKBY 2445 4863 5347 1996 0026 TNABY MYTEF 2836 TNABF MGFCF

Kretam stake buy cancellation a positive for Hap Seng Plantations

2018-06-20 theedgemarkets
Hap Seng Plantations Holdings Bhd (June 19, RM2.21) Upgrade to market perform with a higher target price (TP) of RM2.15: Hap Seng Plantations Holdings Bhd announced that it had terminated its share sale agreement to acquire 55% of Kretam Holdings Bhd from Datuk Lim Nyuk Sang @ Freddie Lim and Santaprise Sdn Bhd after finalising its due diligence process and finding the results “unsatisfactory and unacceptable”.
5138 1996

KLCI extends loss, drops 0.65% as banks drag

2018-06-19 theedgemarkets
KUALA LUMPUR (June 19): The FBM KLCI extended its loss at the midday break today and dropped 0.65%, dragged by banking heavyweights Public Bank Bhd and Malayan Banking Bhd (Maybank).
HLFBF APEXF PBLOF 7090 MLYNF 7113 4065 TPGVF 1295 2852 3026 3301 2836 MLYBY 1082 5681 0096 5202 7123 TGLVY 1155 4588 1996 0026 3719

Kretam rebounds after hitting limit down

2018-06-19 theedgemarkets
KUALA LUMPUR (June 19): Kretam Holdings Bhd’s shares rebounded and was among the top five most actively traded stocks on Bursa Malaysia today after hitting limit down yesterday.
5138 1996 BSMAF 1818

KLCI down 0.42% in line with the regional pullback

2018-06-19 theedgemarkets
KUALA LUMPUR (June 19): The FBM KLCI was down 0.42% at mid-morning today, in line with the pullback at most regional markets as the tariff tit-for-tat between the US and China intensified.
HLFBF APEXF 7090 5150 4065 1082 5681 BATS 4162 5014 7123 3026 3867 1996 0026 MYPRY 3719

Kretam rebounds from share sell down, rises 4.3%

KUALA LUMPUR: Kretam Holdings Bhd , which saw its share price almost halve after Hap Seng Plantations Holdings Bhd dropped its RM1.18bil takeover bid, has rebounded in early trade Tuesday.
5138 1996

Kretam tanks as RM1.18b deal scrapped

2018-06-19 theedgemarkets
KUALA LUMPUR: Kretam Holdings Bhd’s share price yesterday sank to its lowest since September 2015 with some half a billion ringgit worth of market capitalisation wiped out in a day, after Hap Seng Plantations Holdings Bhd called off a plan to take up a controlling 55% stake in the company.
5138 1996

FBM KLCI down 18.35 points; ringgit weakens past 4.00 against US dollar

2018-06-18 theedgemarkets
KUALA LUMPUR (June 18): The FBM KLCI fell 18.35 points or 1.04%, tracking Asian share losses as investors evaluated the impact of the US-China trade spat on world markets.
KLKBY 2445 1996 5681 BSMAF 1818

KLCI pares loss, down 0.78% as sentiment stays tepid

2018-06-18 theedgemarkets
KUALA LUMPUR (June 18): The FBM KLCI pared some of its losses at the midday break and was down 0.78%, with tepid sentiment tracking losses at the regional markets.
APEXF 7251 7090 7113 BATS TPGVF 4162 3034 KLKBY 5226 5347 3301 TNABY AXXTF HRGHY 5681 2291 1163 5168 TGLVY 2445 1996 6888 5819 TNABF

Stock With Momentum: Hap Seng Consolidated

2018-06-18 theedgemarkets
Hap Seng Consolidated Bhd (+ve) TRADING of the shares in Hap Seng Consolidated Bhd (fundamental: 1.3/3, valuation: 1.3/3) triggered our momentum algorithm last Thursday for the first time this year. The group saw 937,700 shares traded.
5138 1996 3034

Kretam slumps to near three-year low; short selling suspended

2018-06-18 theedgemarkets
KUALA LUMPUR (June 18): Kretam Holdings Bhd's stock price nosedived in early trade today to its lowest since September 2015, after its plans to sell a 55% stake to Hap Seng Plantations Holdings Bhd had been called off.
5138 1996 BSMAF 1818

The Week Ahead: Focus on oil price and full Cabinet line-up

2018-06-18 theedgemarkets
The possible announcement of the full Cabinet line-up could be among the highlights this week, even as businesses continue to cash in on the World Cup 2018 fever and the zero-rated Goods and Services Tax (GST) “tax holiday”. There was no Cabinet meeting last Wednesday (June 13) with Prime Minister Tun Dr Mahathir Mohamad just returning from a work trip in Japan (June 11 and 12) and Hari Raya Puasa festivities on June 15 and 16.
8591 5139 9571 5797 1996 0900 5263 5098 0065 5156

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