Piercing Pattern at FABER stock

The Tri Doji Star

When found that the Tri Doji Star at bottom side,indicate that the bullish trend will be start.

Will KLCI breakthrough 1350 ?

Will KLCI breakthrough next resistance 1350? But the strong support for now is at 1300. The next support is 1233.

購地興建醫院 柔醫藥保健前景受看好

(吉隆坡1日訊)隨著柔佛醫藥保健（KPJ，5878，主板貿服股）在柔佛購地，準備興建第5家醫院；分析員看好該公司的發展前景，並上修其2010-2011財政年的財測及目標價。

柔佛醫藥保健透過旗下的巴西古當專科醫院公司，與柔佛土地有限公司及柔佛機構簽署上述土地買賣協議。該公司建議以707萬令吉現金，收購一塊位於柔佛新山的租賃土地，佔地3.247英畝。該公司的所有投資成本將全面以內部融資籌集。

艾芬投資銀行分析員表示，考慮到柔佛醫藥保健屬意的租賃土地位於巴西古當，該公司的每平方呎50令吉出價略高。截至09年12月，該土地的淨帳面價值是240萬令吉，而如果追溯至95年，該土地的成本只有80萬令吉。

他說，上述收購計劃預料在2010年第三季完成，該土地目前處於空置狀態。完成收購後，該土地將用來發展私人專科醫院，估計將在今年末季動工，賣方已經獲得建設醫院的訂單，需要2-3年完工。

這項建築工程耗資5400萬令吉，該筆資金將通過內部融資及銀行貸款籌集。該公司估計在未來3年內為資本開銷進行融資，目前的淨負債率是0.36倍。

上修財測及目標價

分析員指出，這將是柔佛醫藥保健拓展計劃下的第5間醫院。該公司鎖定當地興建醫院，主要瞄準當地附近的郊區，尤其是由柔佛土地公司發展的Bukit Dahlia公園鄉鎮。

他認為，該公司將繼續通過併購活動來擴大業務，以便達到5年內取得20億令吉營業額的目標。儘管如此，他不認為，該公司的資本開銷在未來3年內將影響股息支出。

綜合上述因素，他將該公司2010-2011財政年的財測上修1-5%，以反映該公司較佳的賺幅。他維持柔佛醫藥保健的「買進」評級，根據該公司2010財政年較高的17.5倍本益比，其合理價上修至3.58令吉。

跌市中稳定心态的六种技巧

　一、在操作前要做认真细致地准备，有些投资者的操作十分草率，在还不了解某只股票的情况下，仅仅是因为看到股评的推荐或亲友的劝说以及无法确认的内幕消息而贸然买入，这时心态往往会受股价涨跌的影响而起伏不定，股价稍有异动就会感到恐惧。因此，尽可能多地了解所选中个股的各种情况，精心做好操作的前期准备工作，是克服恐惧的有效方法。

　　二、操作中要有完善的资金管理计划，合理地控制仓位结构，不要轻易满仓或空仓。如果投资者的投资组合中品种过于单一，就会大大加重了个人持股的非系统风险，投资者的心态会因此变的非常不稳定。如果投资者仓位结构不合理，比如仓位达到100%的满仓或 100%空仓时，投资心理最容易趋于恐慌。

　　三、要培养冷静乐观的投资态度，任何股市都有涨有跌，不要说股市的天不会塌下来，即使股市真的遇到某种不确定因素，出现悲剧性的股灾时，只知道恐惧又有什么用。在暴跌行情中重要的是冷静，只有冷静才能正确的审时度势，才能使用合理的操作手段，将损失减少到最低限度。而乐观如同一根针，能轻而易举地刺破不断膨胀的恐惧气球，使自己快速恢复到冷静的状态中。

　　四、要树立稳健灵活的投资风格。如果投资者的投资风格是倾向于投资方式的，选股时重点选择有价值蓝筹类个股的稳健型投资者，在遇到股价出现异动时，往往不容易恐惧。相反，那些致力于短线投机炒作的投资者，心理往往会随着股价的波动而跌宕起伏，特别是重仓参与短线操作时，获取利润的速度很快，但判断失误时造成的亏损也很巨大。因此，投资者要适当控制投资与投机的比例，保持稳健灵活的投资风格，这将十分有助于克服恐惧心理。

　　五、学会坚持和忍耐。当大盘临近底部区域时，投资者对于市场中出现的一些非理性下跌要采取忍耐的态度，历史的规律表明，真正能让投资者感到恐惧的暴跌行情一般持续时间不长，并且能很快形成阶段性底部。所以，越是在这种时候，投资者越是要耐心等待。

　　六、要提高自己的趋势判断能力，容易产生恐慌心理的投资者一般对行情的研判能力比较弱，对大盘的未来发展趋势，感到心里没底。如果能够提高自己的趋势判断能力，对行情走向及性质有大致上的了解的话，将很容易克服恐慌心理。


Posted by 健忘

TM to launch HSBB March 24

KUALA LUMPUR: TELEKOM MALAYSIA BHD [] (TM) will officially launch its much awaited high-speed broadband (HSBB) retail service in an event at Dataran Merdeka here on March 24.

Prime Minister Datuk Seri Najib Razak is expected to launch the new National Broadband Initiative, of which HSBB is the flagship project.

TM will then reveal the new branding for its HSBB service as well as the pricing. "Our HSBB packages will be of premium service but not of premium pricing," TM group chief executive Datuk Zamzamzairani Mohd Isa said in a statement today.

The four initial areas that will be covered by TM HSBB are Shah Alam, Subang Jaya, Taman Tun Dr Ismail and Bangsar. By the end of 2012, TM's target under the first phase of the national HSBB rollout is 1.3 million premises.

According to TM, its total expenditure related to the HSBB project as of Dec 31, 2009 reached RM1.9 billion, which covered last mile access, IP (Internet protocol) core deployment and capacity expansion for international links. Total approved claims from the government up to December 2009 stood at RM990 million.

Signed in September 2008, the RM11.3 billion national HSBB project is a public-private-partnership agreement between TM and the government to develop next-generation high-speed broadband infrastructure and services for the nation.

TM is putting up RM8.9 billion while the government is contributing RM2.4 billion on an incurred claims basis based on project milestones reached by TM.

Written by The Edge Financial Daily
Wednesday, 10 March 2010 23:30

全年業績可達歷史新高‧沙布拉浪峰料賺1.66億

吉隆坡）沙布拉浪峰（SAPCRES,8575,主板貿服組）第4季淨利料介於3400萬令吉，並推動2010財政年淨利按年走揚36%至1億6600萬令吉歷史新高。

2010財政年淨利有望在鑽探租金高企，以及聯營公司轉虧為盈扶持下，創下1億6600萬令吉的歷史新高，分析員看好訂單數量將持續擴張，將為2011財政年盈利再創高峰提供助力。

第4季淨利約3400萬

聯昌研究表示，沙布拉浪峰首9個月淨利1億3200萬令吉，預計在高鑽探租金以及旗下聯營公司Sapura Acergy轉虧為盈，並帶來2500萬令吉淨利貢獻下，第4季淨利料介於3400萬令吉。

“領域環境趨向改善，沙布拉浪峰料尾隨華商機構（WASEONG,5142,主板工業產品組）和環境海事資源（ALAM,5115,主板貿服組）交出創紀錄的淨利表現。”

國油貿易（PETDAG,5681,主板貿服組）、肯油企業（KENCANA,5122,主板貿服組）和戴樂集團（DIALOG,7277,主板貿服組）也預計交出紀錄性的成績單，而必達（PETRA,7108,主板貿服組）料是2009年唯一一家無法取得紀錄性盈利的公司。

分析員認為，2011財政年料是沙布拉浪峰另一紀錄年，主要是公司已開始展開總值80億令吉的3加1加1交通和組裝合約，並預期在未來2個月將接收2艘參與相關工程的新淺水駁船。

握155億令吉合約

“沙布拉浪峰現握有155億令吉合約，遠高於領域同儕，而持續擴張的訂單數量將是支援公司2010至2012財政年錄取高淨利成長的關鍵，估計複合年均每股盈利成長將達到30.8%，較領域的22.3%為高，維持其‘加碼’評級。”

星洲日報／財經‧2010.03.16

Columbia Asia to spend RM1.5b on hospitals

REGIONAL healthcare provider Columbia Asia Group of Companies will spend about RM1.5 billion to build 15 new hospitals in the region.

Vice president, treasury services, Kahar Mohamed, said it would include the three hospitals in Malaysia that were still under development.

"These hospitals are in various stages of development. We estimated the cost to be around RM68 million and RM70 million to build a hospital," he told reporters after the syndicated financing agreement signing ceremony in Kuala Lumpur today.

Columbia Asia Sdn Bhd today secured RM250 million in syndicated funding based on the Islamic principle of Ijarah Muntahiah Bitamlik from Bank Muamalat Malaysia Bhd and Bank Kerjasama Rakyat Malaysia Bhd.
It will be used to finance its three existing hospitals and another three which are in various stages of development in Malaysia.

The three existing hospitals are in Puchong, Taiping and Nusajaya while another three -- Bukit Rimau, Balakong and Setapak - are still under construction and scheduled to be opened from July this year to early next year.

He said Columbia Asia was eying suburban areas to build the hospitals in order to reach out to the average citizens.

"The increasing demand for affordable healthcare services across Asia has resulted in a substantial increase in the number of people who are medically insured by employers and insurance companies," Kahar said.

Beside Malaysia, Columbia Asia also operates in India, Vietnam, Sri Lanka and Indonesia with 16 hospitals already in operation.

Incorporated in 1996, Columbia Asia Sdn Bhd is 70 per cent held by Columbia Asia Group of Companies, and the balance by the Employees Provident Fund.

The local entity owns the Malaysian and Indonesian hospitals and gets a fee for operating Columbia Asia hospitals in Vietnam and India.

BERNAMA

KPJ wants to be world number one

KPJ Healthcare Bhd (5878), which currently ranks as Asia's number one healthcare service provider and the world's third, is going all out to reach pole position.

KPJ Healthcare has been named by US-based Nu Wire Investor research company recently as the world's number three healthcare company.

KPJ Healthcare managing director Datin Paduka Siti Sa'diah Sheikh Bakir (picture) said the company is expanding aggressively, albeit cautiously opening two hospitals a year in Malaysia, the Middle East and Indo China.

"We have to work hard to position Malaysia as the number one medical hub in the world as other countries such as India are fast catching up," she said.
Siti Sa'diah made history yesterday when she was named Malaysia's CEO of the Year 2009, the first woman to clinch the title in the award's 14-year history.

The award was presented to her by Prime Minister Datuk Seri Najib Tun Razak.

Siti Sa'diah beat 118 other nominees from 16 different indusries. She took home a trophy, an American Express platinum card with one million membership rewards points and a first-class return air ticket to Europe.

Describing the win, Siti Sa'diah said she is honoured to stand among world-class leaders and pays tribute to her peers in the industry. women as well as Johor Corp Group of Companies which is Johor state's investment and commercial arm.

"Since its establishment 28 years ago, I am proud that KPJ made its first RM1 billion revenue after 27 years and its first RM100 million pre-tax profit after 28 years.

"We are growing still and aim for RM2 billion revenue in the future from RM1.4 billion currently," Siti Sa'diah told reporters in Kuala Lumpur yesterday.

A member of JCorp group of companies and its medical arm, KPJ has over RM1.1 billion in assets with a shareholders fund of over RM508.9 million.

Siti Sa'diah, 57, became KPJ managing director since March 1993.

At the same event, Malaysia Airports Holdings Bhd won the inaugural Corporate Nationhood Initiative Award in recognition of its outstanding corporate initiative for its effort in promoting national harmony under the One Malaysia spirit.

The award was received by its managing director Tan Sri Bashir Ahmad Abdul Majid.

Malaysia's CEO of the Year 2009 is organised jointly by Business Times and Maybank, the issuer of American Express credit and charge cards.

Business Times
By Zaidi Isham Ismail
Published: 2010/03/13

KPJ Healthcare - Further Freeing Up Its Balance Sheet

KPJ announced that its subsidiaries, PT KPJ Medica, a 75%-owned subsidiary of KPJ,Pusat Pakar Kluang Utama SB. (PPKUSB) and Bandar Baru Klang Specialist Hospital SB(both wholly-owned) are proposing to dispose of their entire interest in 3 properties to Al-`Aqar REIT for a total consideration of RM138.8m which will be satisfied via RM83.3m incash and RM55.5m through the issuance of 56.6m new units in Al-‘Aqar REIT at an issueprice of RM0.98 per unit. The proposal is expected to be fully completed by 2HFY11

Kencana Petroleum: Buy, target price RM2

AmResearch has lowered its target price on Kencana Petroleum Bhd (5122) to RM2, from RM2.11 previously, mainly due to lower earnings forecast on the oil and gas service provider.

"We have reduced Kencana's FY10F (forecast financial year 2010) earnings by 8 per cent given delays in contribution from Kencana Mermaid 1 (KM1). On management's guidance, we have also reduced KM1's margin by 3 percentage points, which leads to a reduction in FY2011F and FY2012F earnings by 5 per cent," said AmResearch in its report this week.

However, it retained its "buy" call on the stock, as the company is expecting to announce more contracts.

"We have incorporated new contracts of RM1 million to RM1.5 billion in FY10F-FY12F.

"Most awards this year are likely to be the projects postponed for up to a year following the 2008 financial meltdown and subsequent curtailment of new contracts. We believe that the new jobs to be awarded - out of Kencana's RM4 billion tenders - are likely to come from India, Middle-East and Southeast Asia.
"We also expect a reacceleration of merger and acquisition activities following the group's recent two-for-five rights issue at 50 sen,"AmResearch said.

KPJ Healthcare not keen on buying Fomema

KPJ Healthcare Bhd, the largest operator of private hospitals in Malaysia, will remain focused on its healthcare business and not look to pick up Government concession businesses. Its managing director Datin Paduka Siti Sa'diah Sheikh Bakir said the company has no plans to buy foreign worker health check company Fomema Sdn Bhd from its rival Pantai Holdings Bhd. "We have been a very focused healthcare company and this focus has been our critical success factor that has allowed us to grow," she told Business Times. Last Friday, Business Times had quoted sources as saying that healthcare group Pantai Holdings was looking to sell its Malaysian Government concession businesses, Pantai Medivest Sdn Bhd and Fomema, to focus on growing its hospital business. (BT)

US rate hike roils Asian markets

Stock markets across Asia slumped today, following an unexpected move by the US Federal Reserve to raise the discount rate yesterday night, after Wall Street had closed. This raised fears that the inevitable US monetary tightening could come sooner than expected.

The Federal Reserve raised the overnight rate, the rate it charges banks for emergency loans by 25 basis points to 0.75%. This was to withdraw some of the emergency measures put in place to counter the economic crisis, towards a more normalised structure with the economy on a recovery path.

Investors should note the distinction between the discount rate and the federal funds interbank lending rate. The key federal funds rate, the main monetary policy tool, remains unchanged near zero, and within the target of 0% to 0.25% established since late 2008 during the crisis.

The key federal funds rate is likely to remain low for some time to sustain the still fragile US economic recovery, especially with high unemployment. Thus, the raising of the overnight rate itself does not necessarily mark the start of tightening monetary policy in the US yet, which many expect to happen in the second half of 2010 or early next year.

Nonetheless, the sudden move, especially in between Federal Open Market Committe meetings, roiled global financial markets today, sending stock markets and commodities lower and the US dollar higher. Most affected were cyclical and export-oriented stocks, as well as the Hong Kong bourse, whose currency and monetary policies are closely tied to the US.

The local stock market was comparatively more resilient. The FBM KLCI traded within a narrow four-point range for much of today, and ended down just 1.3 points to 1,257.7.

Market breadth was negative with declining stocks beating advancing ones by a three-to-one margin. Trading remained thin with 623 million shares changing hands.

Actively traded stocks include newly-listed Homeritz, Genting, KNM, Maybank, CIMB and Axiata. Major gainers include DiGi and Dutch Lady. Losers include Tanjong plc, BAT and Genting.

Global equity investors have been hit by several rough patches lately, with problems ranging from mixed economic data, fears of monetary tightening, China’s credit tightening measures and sovereign debt problems in Europe, among others.

This ongoing tug of war between investor optimism and pessimism will likely continue for some time as long as economic data remains mixed and external problems linger.

Pantai plans concession sale

Pantai Holdings Bhd, a healthcare group, plans to sell its Malaysian government concession businesses as it seeks to focus on growing its hospital business, sources say.

The group, owned by Khazanah Nasional Bhd and Singapore's Parkway Group, holds a long-term contract to provide services like laundry to public hospitals in three states and another for foreign worker health checks.

It is believed that Pantai has already approached potential suitors like government-linked companies or government-linked investment funds for the sale. When contacted by Business Times, an official from Pantai declined to comment.

"It's hospitals that they can add value to, there's not much value to add for concessions," said one source.

Both Pantai Medivest Sdn Bhd, the support services firm, and Fomema Sdn Bhd, the foreign worker health check company, are profitable oligopoly and monopoly businesses respectively.
Pantai Medivest provides services to hospitals in the southern peninsula. Faber Group Bhd does the same work in northern peninsula and Sabah and Sarawak, while Radicare operates in central and eastern peninsula areas.

Pantai holds Fomema through wholly-owned Pantai Fomema & Systems Sdn Bhd.

Pantai Fomema holds 75 per cent of Fomema that has a 15-year concession ending in 2012. Fomema's role is to implement, manage and supervise nationwide mandatory health screening programme for all legal foreign workers in Malaysia.

There are some 1.2 million legal foreign workers in Malaysia.

Sources said the concession is not something that Pantai can grow although it provides a steady stream of income.

Furthermore, a sale would help it deal with an issue that is a political hot potato.

In late 2005, politicians and lawmakers were up in arms questioning why Parkway, a foreign firm, could end up holding major stakes in two government concessions.

This led to Khazanah taking control of Pantai in 2006, and it has been running the group in partnership with Parkway since.

A search with Companies Commission of Malaysia reveals that in the financial year ended December 31 2008, Pantai Fomema made a profit after tax of RM41.58 million on the back of RM235.87 million revenue.

The company also has current fair and equitable separation assets of RM71.7 million and is free of debt, with reserves of RM58.87 million.

Pantai Medivest made RM207.8 million revenue for 2008 and a profit after tax of RM14.8 million, documents from the commission showed.

Pantai Medivest's 15-year concession ends in 2011.

However, the sale of these concessions, which would need government approval, might be tricky as there is probably a limited number of buyers.

The fact that the contract ends in less than three years also complicates matters because a buyer might not want to pay too much due to uncertainty over the concession's renewal.

However, Pantai would probably want a price that reflects the concession being renewed.

Pantai is now wholly-owned by Pantai Irama Ventures Sdn Bhd, which in turn is 60 per cent held by Khazanah Nasional Bhd and 40 per cent by Singapore's Parkway Holdings Ltd. Khazanah also has a 24 per cent stake in Parkway.

'Good time to invest in energy, metal sectors'

Right now, commodities are cheap and there's constraint on supply, says Rupert Rucker of Schroders Plc's head of product for Asia

It is a good time to invest in energy and metal sectors now, said Rupert Rucker of Schroders Plc's head of product for Asia.

"Right now, commodities are cheap and there's constraint on supply. By putting money in commodities, you'll hedge against inflation," he told Business Times in an interview in Kuala Lumpur.

"We're still in a commodities' supercycle. Global demand for oil, coal, gas and copper is on the rise as we see signs of recovery in the global economy," said the fund manager.

Rucker, who is based in Tokyo, recently flew in to Kuala Lumpur to give a briefing on the 2010 outlook on global markets and commodities.
"We take a bottom up view when sizing up the potentials of commodity-based companies. Those that offer bigger investment opportunities tend to be in Brazil, Russia, India and China," Rucker said.

As early as five years ago, Rucker had already likened the BRIC phenomenon to the emergence of the US as an economic power in the 19th century and Japan's explosive growth in the 1960s. He still thinks so today.

These four countries have huge populations - India and China number close to 2.5 billion people between them - and, as more of them get a share in the growing wealth of their countries, their spending will fuel further economic growth.

Rucker explained that while their performance will obviously be affected by commodity price fluctuations or global economic circumstances, these emerging economic grouping are not wholly-dependent on traditional economic cycles.

Rucker presented three scenarios that influences his crude oil forecast.

"Should the global economy experience a 'V-shaped' recovery, we can expect oil price to surpass US$100 (RM342) per barrel. If it is going to be a double-dip or a 'W-shaped' recovery, then oil price could well trade in the region of US$80 (RM273) per barrel," he said.

"There's also another situation where the global economy could go into a stagflation where we see oil trade at a higher bandwidth of US$90 (RM307) per barrel while world growth stumbles along at 1 per cent," he added.

Rucker was representing Schroders, which is helping to manage some RM550 million for the CIMB Group. Also present at the session were CIMB-Principal Asset Management Bhd chief executive officer Campbell Tupling and CIMB Wealth Advisors Bhd chief executive officer Tan Beng Wah.

At the end of 2009, CIMB-Principal managed a total of RM23.4 billion of investors' money, of which almost half are unit trusts.