http://www.hitfile.net/Qjxe
http://www.hitfile.net/YZBv
http://www.hitfile.net/zCFc
http://www.hitfile.net/5XD9
http://www.hitfile.net/mMPb
http://www.hitfile.net/C152
http://www.hitfile.net/FRBY
2013年11月30日星期六
Playboy Foursome Season 1 (hitfile)
http://www.hitfile.net/bnbg
http://www.hitfile.net/Qjxe
http://www.hitfile.net/YZBv
http://www.hitfile.net/zCFc
http://www.hitfile.net/5XD9
http://www.hitfile.net/mMPb
http://www.hitfile.net/C152
http://www.hitfile.net/FRBY
http://www.hitfile.net/Qjxe
http://www.hitfile.net/YZBv
http://www.hitfile.net/zCFc
http://www.hitfile.net/5XD9
http://www.hitfile.net/mMPb
http://www.hitfile.net/C152
http://www.hitfile.net/FRBY
Foursome Playboy TV Sesson 1 Complete
http://turbobit.net/t2kswafpv7zi.html
http://turbobit.net/b8rijmqw8gti.html
http://turbobit.net/gv0tcmvmfnkp.html
http://turbobit.net/sn8m5pt5yds1.html
http://turbobit.net/ot68a4gkq7oo.html
http://turbobit.net/45699ddj4iom.html
http://turbobit.net/2xoi4qwo8hy6.html
http://turbobit.net/6vsr5h280cay.html
http://turbobit.net/b8rijmqw8gti.html
http://turbobit.net/gv0tcmvmfnkp.html
http://turbobit.net/sn8m5pt5yds1.html
http://turbobit.net/ot68a4gkq7oo.html
http://turbobit.net/45699ddj4iom.html
http://turbobit.net/2xoi4qwo8hy6.html
http://turbobit.net/6vsr5h280cay.html
SOSCO and the Contractor's obligations to it in a building contract.
cLAUSE 17.2 The Contractor shall submit the Code NUmber and SOcial Security Numbers of all the workmen registered under the SOCSO scheme to the S.O for verification. The Contractor shall make payment of all contribution from time to time on the first contribution day on whidh the same ought to be paid and until the completion of this Contract and it shall be the duty of the Contractor to produce to the S.O contribution statement or payment vouchers as evidence of payment of such contribution, whether demanded or not.
Explanation : Contractor to submit code No. and SOCSO No. to S.O. for checking. Contractor to make contribution to the SOCSO.
If Contractor fails to comply with the terms of this Clause, the Government o the S.O. on its behalf may without prejudice to any other remedy avaiable to the Government for breach of any terms of this Contract:
a) Withhold an amount from any money which would otherwise be due to the Contractor under this Contract and which in the opinion of the S.O. will satisfy any claims for compensation by workmen that would have been borne by SOCSO Scheme had the Contractor not made default in maintaining the ontribution; and
(b) pay such contribution as have became due and remain unpaid and deduct the amount of such contribution including On-Cost Charges (calculated by applying the Percentage of On-Cost Charges stated in Appendix to the contribution paid), from any money due or to became due to the Contractor under this Contract, and failing which such contributions shall be recovered from the performance Bond or as a debt due from the Contractor.
- Default in Complying with SOCSO
If Contractor default in contributing to SOCSO, Government or S.O. can do the following :
(a) Withhold an amount in his opinion is sufficient for any claims for compensation by workmen which would have been paid by SOCSO had Contractor not defaulted, from money due to Contractor.
(b) pay outstanding contribtuions and deduct same from money due to Contractor, if none from Bond or as a debt.
Steady short-term rates seen next week
Short-term rates on the money market are expected to remain steady next week as Bank Negara Malaysia continues to offer
tenders to absorb excess funds from the system, dealers said.
They said the central bank's moves were expected to keep rates in check.
The overnight rate stood at 2.92 per cent while the one-week, two-week and three-week rates were 2.97 per cent, 3.02 per cent and 3.04 per cent, respectively.
The central bank had actively intervened on a daily basis to mop up surplus liquidity by conducting conventional, range maturity auction, Al-Wadiah, Islamic range maturity auction and repo tenders.
It also made late borrowings to further reduce the excess funds.
The action reduced the system's total liquidity surplus for the week just ended to RM15.25 billion in conventional operations and RM2.78 billion in Islamic funds
tenders to absorb excess funds from the system, dealers said.
They said the central bank's moves were expected to keep rates in check.
The overnight rate stood at 2.92 per cent while the one-week, two-week and three-week rates were 2.97 per cent, 3.02 per cent and 3.04 per cent, respectively.
The central bank had actively intervened on a daily basis to mop up surplus liquidity by conducting conventional, range maturity auction, Al-Wadiah, Islamic range maturity auction and repo tenders.
It also made late borrowings to further reduce the excess funds.
The action reduced the system's total liquidity surplus for the week just ended to RM15.25 billion in conventional operations and RM2.78 billion in Islamic funds
Ringgit likely to trend lower against US dollar
The ringgit is likely to trend lower against the US dollar next week following the gloomy outlook expected for emerging Asian currencies in December.
A dealer said concerns that the US Federal Reserve might start scaling back its stimulus packages before the year-end prompted investors to liquidate their positions.
"The timing of the tapering remained uncertain with traders currently expecting the partial scaling back to occur in the first quarter of next year while some predicted as early as next month," he said.
Meanwhile, another dealer said the ringgit could end the year at 3.30 per dollar and weaken to 3.35 in 2014 before easing further to 3.40 in 2015.
On a week-to-week comparison, the ringgit ended lower for the sixth consecutive week at 3.2215/2245 per US dollar from 3.2140/2170 last Friday.
This was the longest losing streak since 2005 which was prompted by signs of a pickup in the US economy bolstered by speculation that policy makers will trim the stimulus package.
The local unit firmed against the Singapore dollar to 2.5678/5703 from 2.5691/5734 last Friday, rose against the Japanese yen to 3.1469/1514 from 3.1815/1848 previously.
It weakened against the British pound to 5.2604/2663 from 5.2076/2138 last Friday and declined against the euro to 4.3832/3885 from 4.3367/3420 previously.
A dealer said concerns that the US Federal Reserve might start scaling back its stimulus packages before the year-end prompted investors to liquidate their positions.
"The timing of the tapering remained uncertain with traders currently expecting the partial scaling back to occur in the first quarter of next year while some predicted as early as next month," he said.
Meanwhile, another dealer said the ringgit could end the year at 3.30 per dollar and weaken to 3.35 in 2014 before easing further to 3.40 in 2015.
On a week-to-week comparison, the ringgit ended lower for the sixth consecutive week at 3.2215/2245 per US dollar from 3.2140/2170 last Friday.
This was the longest losing streak since 2005 which was prompted by signs of a pickup in the US economy bolstered by speculation that policy makers will trim the stimulus package.
The local unit firmed against the Singapore dollar to 2.5678/5703 from 2.5691/5734 last Friday, rose against the Japanese yen to 3.1469/1514 from 3.1815/1848 previously.
It weakened against the British pound to 5.2604/2663 from 5.2076/2138 last Friday and declined against the euro to 4.3832/3885 from 4.3367/3420 previously.
Tin price to move US$22,500-US$22,800
Physical tin on the Kuala Lumpur Tin Market (KLTM) is expected to remain steady with prices fluctuating between US$22,500 and US$22,800 per tonne next week.
The lack of supply from Indonesia and seasonal demand from European and Japanese buyers were expected to push the metal's price higher.
"Indonesian government ruling, which restricted the export of tin from the country, may end up being a long-term measure.
"The halt in exports from Indonesia has prompted the supply setback in the market," a dealer told Bernama.
For the week just-ended, prices moved between US$22,670 and US$22,850 per tonne, mostly influenced by the movements on the LME.
It ended US$670 per tonne higher at US$22,670 per tonne against last Friday's US$23,000 per tonne.
Weekly turnover increased to 261 lots, from 216 lots last week, with Japanese, European and local buyers dominating local trade.
The price differential between the KLTM and the LME widened to a premium of US$540 per tonne from US$455 per tonne last Friday.
The lack of supply from Indonesia and seasonal demand from European and Japanese buyers were expected to push the metal's price higher.
"Indonesian government ruling, which restricted the export of tin from the country, may end up being a long-term measure.
"The halt in exports from Indonesia has prompted the supply setback in the market," a dealer told Bernama.
For the week just-ended, prices moved between US$22,670 and US$22,850 per tonne, mostly influenced by the movements on the LME.
It ended US$670 per tonne higher at US$22,670 per tonne against last Friday's US$23,000 per tonne.
Weekly turnover increased to 261 lots, from 216 lots last week, with Japanese, European and local buyers dominating local trade.
The price differential between the KLTM and the LME widened to a premium of US$540 per tonne from US$455 per tonne last Friday.
Rubber market to remain sluggish
The Malaysian rubber market is expected to remain sluggish on discouraging external leads and lack of demand as market players began to wind down their positions in the market.
China, which has stocked up enough inventories, was abstaining from fresh acquisition of the commodity, and this coupled with discouraging data from Japan will dampen sentiment.
Japan reported on Friday that its consumer inflation accelerated to a five-year high and depressed the yen to a six-months low.
"Prices are expected to trend lower and hover within a tight range of between RM7.24 and RM7.30 per kg throughout next week," a dealer told Bernama.
On the contrary, the continuing wet weather in major rubber producing countries was anticipated to trim supply.
For the week just-ended, the market was influenced by lack of demand, weaker ringgit and trend on Tokyo Commodity Exchange.
On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 gained 4.5 sen to 741 sen a kg while latex-in-bulk increased half-a-sen to 513 sen.
The unofficial closing price for tyre-grade SMR 20 gained 10 sen to 746.5 sen a kg while latex-in-bulk edged-up two sen to 515 sen a kg
China, which has stocked up enough inventories, was abstaining from fresh acquisition of the commodity, and this coupled with discouraging data from Japan will dampen sentiment.
Japan reported on Friday that its consumer inflation accelerated to a five-year high and depressed the yen to a six-months low.
"Prices are expected to trend lower and hover within a tight range of between RM7.24 and RM7.30 per kg throughout next week," a dealer told Bernama.
On the contrary, the continuing wet weather in major rubber producing countries was anticipated to trim supply.
For the week just-ended, the market was influenced by lack of demand, weaker ringgit and trend on Tokyo Commodity Exchange.
On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 gained 4.5 sen to 741 sen a kg while latex-in-bulk increased half-a-sen to 513 sen.
The unofficial closing price for tyre-grade SMR 20 gained 10 sen to 746.5 sen a kg while latex-in-bulk edged-up two sen to 515 sen a kg
CPO futures likely to trade RM2,500-RM2,700
Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week with trading
dominated by speculative play.
The edible oil is anticipated to trend between RM2,500 and RM2,700 per tonne as this is expected to delight planters.
Interband Group senior palm oil trader Jim Teh said the attractive prices were expected despite the high cpo stock situation in Malaysia and Indonesia.
On a Friday-to-Friday basis, December 2013 increased RM30 to RM2,615 a tonne, January 2014 rose RM36 to RM2,650 a tonne, February 2014 gained RM41 to RM2,654 a tonne and March 2014 added RM42 to RM2,656 a tonne.
Weekly turnover decreased to 137,667 lots, from 194,716 lots recorded last week while open interest declined to 182,758 contracts from 191,226 contracts previously.
On the physical market, December South was RM10 lower at RM2,640 per tonne.
dominated by speculative play.
The edible oil is anticipated to trend between RM2,500 and RM2,700 per tonne as this is expected to delight planters.
Interband Group senior palm oil trader Jim Teh said the attractive prices were expected despite the high cpo stock situation in Malaysia and Indonesia.
On a Friday-to-Friday basis, December 2013 increased RM30 to RM2,615 a tonne, January 2014 rose RM36 to RM2,650 a tonne, February 2014 gained RM41 to RM2,654 a tonne and March 2014 added RM42 to RM2,656 a tonne.
Weekly turnover decreased to 137,667 lots, from 194,716 lots recorded last week while open interest declined to 182,758 contracts from 191,226 contracts previously.
On the physical market, December South was RM10 lower at RM2,640 per tonne.
Gold futures likely to be volatile next week
Trading in gold futures contract on Bursa Malaysia Derivatives is expected to be volatile next week, amid the uncertainty
in global economies.
Phillip Futures Sdn Bhd Dealer Lim Eng Wee said buyers were awaiting the release of US job data next week as it would determine the market's direction.
"It is important for buyers to observe next week's labour market report. If the numbers are favourable this would mean that the US Federal Reserve might begin tapering its stimulus programme as early as December," he said.
Meanwhile, China's net gold imports in October rose to its highest level in seven months as buyers stocked up to meet demand ahead of the Chinese New Year festival in January.
On a Friday-to-Friday basis, both November 2013 and December 2013 each lost 0.10 sen to RM129.05 sen per gramme and RM129.45 sen per gramme, respectively.
Total volume shed to 1,309 lots, valued at RM13.09 million, from 1,382 lots valued at RM18.12 million, traded last week.
On Friday, open interest stood at 6,725 contracts versus 5,760 contracts last Friday.
in global economies.
Phillip Futures Sdn Bhd Dealer Lim Eng Wee said buyers were awaiting the release of US job data next week as it would determine the market's direction.
"It is important for buyers to observe next week's labour market report. If the numbers are favourable this would mean that the US Federal Reserve might begin tapering its stimulus programme as early as December," he said.
Meanwhile, China's net gold imports in October rose to its highest level in seven months as buyers stocked up to meet demand ahead of the Chinese New Year festival in January.
On a Friday-to-Friday basis, both November 2013 and December 2013 each lost 0.10 sen to RM129.05 sen per gramme and RM129.45 sen per gramme, respectively.
Total volume shed to 1,309 lots, valued at RM13.09 million, from 1,382 lots valued at RM18.12 million, traded last week.
On Friday, open interest stood at 6,725 contracts versus 5,760 contracts last Friday.
KLCI futures to trade steadier next week
The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to trade steadier next week in line with the
underlying equity market amid positive sentiment from global markets.
Affin Investment Bank vice-president and head of retail research Dr Nazri Khan said the local bourse would be positively impacted by the recovering developing equity markets.
"Caught in the centre of the subprime crisis, the United States and Europe are showing resilience in the wake of the unexpected dovishness of the US Federal Reserve and European Central Bank, despite talks of early tapering," he told Bernama.
On a Friday-to-Friday basis, spot month November 2013 rose 20 points to 1,807.5, December 2013 added 23.5 points to 1,811.5, March 2014 was 24.5 points higher at 1,811.5 and June 2014 gained 24 points to 1,806.
Turnover jumped to 91,357 lots, from 28,806 last week, while open interest increased to 50,821 contracts from 41,562 contracts last Friday.
The benchmark FBM KLCI ended 5.15 points higher at 1,812.72.
underlying equity market amid positive sentiment from global markets.
Affin Investment Bank vice-president and head of retail research Dr Nazri Khan said the local bourse would be positively impacted by the recovering developing equity markets.
"Caught in the centre of the subprime crisis, the United States and Europe are showing resilience in the wake of the unexpected dovishness of the US Federal Reserve and European Central Bank, despite talks of early tapering," he told Bernama.
On a Friday-to-Friday basis, spot month November 2013 rose 20 points to 1,807.5, December 2013 added 23.5 points to 1,811.5, March 2014 was 24.5 points higher at 1,811.5 and June 2014 gained 24 points to 1,806.
Turnover jumped to 91,357 lots, from 28,806 last week, while open interest increased to 50,821 contracts from 41,562 contracts last Friday.
The benchmark FBM KLCI ended 5.15 points higher at 1,812.72.
Bursa likely to trade firmer next week
Share prices on Bursa Malaysia are expected to trade firmer next week on global market strength, as global economic numbers fuel more gains.
Affin Investment Bank Bhd vice-president and head of retail research Dr Nazri Khan said Bursa Malaysia should gain from the positive effects stemming from the recovering markets.
"Caught in the centre of the subprime crisis, the United States and Europe are showing resilience in the wake of the unexpected dovishness of the US Federal Reserve and European Central Bank, despite talks of early tapering," he told Bernama.
On the technical front, the momentum of the local equity market was still far from entering overbought levels and the next area of resistance would be between 1,810 and 1,826 levels.
Nazri said there may be some short-term light volume profit-taking following the recent drive above the 1,800 psychological level.
He said global equity markets were likely to focus on active flow of economic data next week, including the US weekly jobless claims, US advanced durable goods orders, Federal Reserve Chairman Ben Bernanke's statement ,as well as, China's inflation and Industrial Production data.
On the domestic front, several catalysts that could buzz investors' interest include, among others, a hike in the overnight policy rate by Bank Negara Malaysia, rising inflationary pressure and a sharp increase in domestic demand.
On a Friday-to-Friday basis, the FBM KLCI rose 18.2 points to 1,812.72, the Finance Index advanced 231.41 points to 16,675.65, the Industrial Index rose 25.84 points to 3,153.83 and the Plantation Index increased 72.82 points to 8,880.05.
The FBM Emas Index increased 77.29 points to 12,572.04, the FBMT100 Index advanced 82.06 points to 12,302.33 while the FBM 70 erased 76.1 points to 14,181.25 and the FBM Ace fell 43.7 points to 5,592.51.
Weekly total turnover rose to 7.85 billion shares, worth RM9.46 billion, from last week's 6.172 billion shares worth RM6.707 billion.
Main market volume rose to 5.66 billion units, valued at RM8.96 billion, from 4.822 billion units, valued at RM6.406 billion, recorded last week.
Warrants turnover increased to 192.34 million shares, worth RM20.43 million, from 99.263 million shares, worth RM10.603 million, registered previously.
The ACE market volume also slipped to 1.59 billion shares, worth RM447.81 million, from last week's 1.199 billion shares valued at RM279.502 million
Affin Investment Bank Bhd vice-president and head of retail research Dr Nazri Khan said Bursa Malaysia should gain from the positive effects stemming from the recovering markets.
"Caught in the centre of the subprime crisis, the United States and Europe are showing resilience in the wake of the unexpected dovishness of the US Federal Reserve and European Central Bank, despite talks of early tapering," he told Bernama.
On the technical front, the momentum of the local equity market was still far from entering overbought levels and the next area of resistance would be between 1,810 and 1,826 levels.
Nazri said there may be some short-term light volume profit-taking following the recent drive above the 1,800 psychological level.
He said global equity markets were likely to focus on active flow of economic data next week, including the US weekly jobless claims, US advanced durable goods orders, Federal Reserve Chairman Ben Bernanke's statement ,as well as, China's inflation and Industrial Production data.
On the domestic front, several catalysts that could buzz investors' interest include, among others, a hike in the overnight policy rate by Bank Negara Malaysia, rising inflationary pressure and a sharp increase in domestic demand.
On a Friday-to-Friday basis, the FBM KLCI rose 18.2 points to 1,812.72, the Finance Index advanced 231.41 points to 16,675.65, the Industrial Index rose 25.84 points to 3,153.83 and the Plantation Index increased 72.82 points to 8,880.05.
The FBM Emas Index increased 77.29 points to 12,572.04, the FBMT100 Index advanced 82.06 points to 12,302.33 while the FBM 70 erased 76.1 points to 14,181.25 and the FBM Ace fell 43.7 points to 5,592.51.
Weekly total turnover rose to 7.85 billion shares, worth RM9.46 billion, from last week's 6.172 billion shares worth RM6.707 billion.
Main market volume rose to 5.66 billion units, valued at RM8.96 billion, from 4.822 billion units, valued at RM6.406 billion, recorded last week.
Warrants turnover increased to 192.34 million shares, worth RM20.43 million, from 99.263 million shares, worth RM10.603 million, registered previously.
The ACE market volume also slipped to 1.59 billion shares, worth RM447.81 million, from last week's 1.199 billion shares valued at RM279.502 million
US stocks close mostly lower
NEW YORK: US stocks on Friday closed a holiday-shortened session mostly lower despite some early statements by retailers reporting a successful launch to the critical holiday shopping season.
The Dow Jones Industrial Average shed 10.92 points (0.07 percent) at 16,086.41.
The broad-based SandP 500 declined 1.42 points (0.08 percent) to 1,805.81, while the tech-rich Nasdaq Composite Index rose 15.14 points (0.37 percent) to 4,059.89.
Retail giants Wal-Mart Stores and Target both reported "record" openings to the critical "Black Friday" shopping weekend, which kicks off the holiday shopping period. The period between Thanksgiving and New Year's accounts for about 20 percent of annual retail sector sales.
Despite the positive comments, analysts have expressed concerns that profits among retailers may suffer due to a hyper-competitive promotional market in which retailers are cutting prices to try to lure tight-fisted consumers in the low-growth economy.
Retail stocks had a mixed day. Walmart gained 0.1 percent, The Gap rose 0.5 percent and JC Penney tacked on 1.1 percent, while Target dipped 0.8 percent and Macy's lost 0.5 percent.
Technology stocks continued to ride high after the Nasdaq closed above 4,000 earlier this week for the first time in 13 years. Apple jumped 1.9 percent, Dow component Microsoft advanced 1.4 percent and eBay added 2.5 percent.
Agricultural giant Archer Daniels Midland fell 3.0 percent after Australia rejected its proposed US$2.7 billion takeover of grain handler GrainCorp.
Australian Treasurer Joe Hockey said the sector was still moving towards more robust competition and that a foreign takeover of the biggest grain handler in eastern Australia could undermine public support for foreign investment in general.
Oil and gas producer Pioneer Natural Resources fell 0.7 percent after announcing that severe weather forced it to cut output in a number of major projects. The company said an "extensive recovery period is expected" and that the outages were not accounted for in previous forecasts.
Fortinet, a technology security company, tumbled 12.9 percent after announcing on the eve of the Thanksgiving holiday that chief financial officer Ahmed Rubaie would step down for "personal reasons."
The Dow Jones Industrial Average shed 10.92 points (0.07 percent) at 16,086.41.
The broad-based SandP 500 declined 1.42 points (0.08 percent) to 1,805.81, while the tech-rich Nasdaq Composite Index rose 15.14 points (0.37 percent) to 4,059.89.
Retail giants Wal-Mart Stores and Target both reported "record" openings to the critical "Black Friday" shopping weekend, which kicks off the holiday shopping period. The period between Thanksgiving and New Year's accounts for about 20 percent of annual retail sector sales.
Despite the positive comments, analysts have expressed concerns that profits among retailers may suffer due to a hyper-competitive promotional market in which retailers are cutting prices to try to lure tight-fisted consumers in the low-growth economy.
Retail stocks had a mixed day. Walmart gained 0.1 percent, The Gap rose 0.5 percent and JC Penney tacked on 1.1 percent, while Target dipped 0.8 percent and Macy's lost 0.5 percent.
Technology stocks continued to ride high after the Nasdaq closed above 4,000 earlier this week for the first time in 13 years. Apple jumped 1.9 percent, Dow component Microsoft advanced 1.4 percent and eBay added 2.5 percent.
Agricultural giant Archer Daniels Midland fell 3.0 percent after Australia rejected its proposed US$2.7 billion takeover of grain handler GrainCorp.
Australian Treasurer Joe Hockey said the sector was still moving towards more robust competition and that a foreign takeover of the biggest grain handler in eastern Australia could undermine public support for foreign investment in general.
Oil and gas producer Pioneer Natural Resources fell 0.7 percent after announcing that severe weather forced it to cut output in a number of major projects. The company said an "extensive recovery period is expected" and that the outages were not accounted for in previous forecasts.
Fortinet, a technology security company, tumbled 12.9 percent after announcing on the eve of the Thanksgiving holiday that chief financial officer Ahmed Rubaie would step down for "personal reasons."
Sime Darby cuts capex to RM4b
Malaysia's largest conglomerate, Sime Darby Bhd has revised its capital expenditure (capex) allocation for the current financial year to RM4 billion from RM6 billion set earlier, said president and Group chief executive Tan Sri Datuk Mohd Bakke Salleh.
He said the reduction of RM2 billion was partly due to changes in the underlying assumption and business environment.
"We have taken into consideration our performance as well as the external landscape in which the various businesses operate in.
"So, in line with that we decided to only leave the capex to what we consider to be absolutely important and critical to our operations," he told a press conference after announcing the company's first quarter results today.
Elaborating on the new capex, Mohd Bakke said up to 50 per cent would be set aside for the plantation division, 20 per cent each for industrial and property divisions and the remaining 10 per cent for motors division.
He said the company would invest a total of RM420 million to build a new building in Ara Damansara for the operation of the motors division, which will showcase a lot of mass brand vehicles as well as to act as a service centre.
The new building, with the single largest capex for the motors division, was expected to complete in three years, he added.
Going forward, Mohd Bakke said Sime Darby planned to list its Indonesian unit on The Jakarta Stock Exchange next year.
"We are exploring the option and avenue of expanding the business by either merging with the existing businesses or just going to the market, do an IPO (initial public offering) and unlock value as well, and use the proceeds to expand further.
"In Indonesia today, it's not easy to acquire good landbank anymore...we are looking at next year as the target," he added.
The company also aimed to acquire more land to expand its plantation division, particularly in Africa and Indonesia.
Meanwhile, Sime Darby's pre-tax profit for the first quarter ended September 30, 2013 fell to RM714.21 million from RM1.28 billion in the same period a year ago.
The 44 per cent fall was due to the challenging market conditions where most of the businesses operate in.
Revenue slipped to RM10.76 billion from RM11.741 billion previously.
He said the reduction of RM2 billion was partly due to changes in the underlying assumption and business environment.
"We have taken into consideration our performance as well as the external landscape in which the various businesses operate in.
"So, in line with that we decided to only leave the capex to what we consider to be absolutely important and critical to our operations," he told a press conference after announcing the company's first quarter results today.
Elaborating on the new capex, Mohd Bakke said up to 50 per cent would be set aside for the plantation division, 20 per cent each for industrial and property divisions and the remaining 10 per cent for motors division.
He said the company would invest a total of RM420 million to build a new building in Ara Damansara for the operation of the motors division, which will showcase a lot of mass brand vehicles as well as to act as a service centre.
The new building, with the single largest capex for the motors division, was expected to complete in three years, he added.
Going forward, Mohd Bakke said Sime Darby planned to list its Indonesian unit on The Jakarta Stock Exchange next year.
"We are exploring the option and avenue of expanding the business by either merging with the existing businesses or just going to the market, do an IPO (initial public offering) and unlock value as well, and use the proceeds to expand further.
"In Indonesia today, it's not easy to acquire good landbank anymore...we are looking at next year as the target," he added.
The company also aimed to acquire more land to expand its plantation division, particularly in Africa and Indonesia.
Meanwhile, Sime Darby's pre-tax profit for the first quarter ended September 30, 2013 fell to RM714.21 million from RM1.28 billion in the same period a year ago.
The 44 per cent fall was due to the challenging market conditions where most of the businesses operate in.
Revenue slipped to RM10.76 billion from RM11.741 billion previously.
Rubber prices close higher
Malaysian rubber prices closed higher today on renewed demand from consumers, a dealer said.
She said the performance was also in tandem with the uptrend in the rubber futures market on the Tokyo Commodity Exchange.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose 8.5 sen to 741 sen a kg while latex-in-bulk added one-and-a-half sen to 513 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained 11.5 sen to 746.5 sen a kg while latex-in-bulk rose 2.5 sen to 515 sen a kg
She said the performance was also in tandem with the uptrend in the rubber futures market on the Tokyo Commodity Exchange.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose 8.5 sen to 741 sen a kg while latex-in-bulk added one-and-a-half sen to 513 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained 11.5 sen to 746.5 sen a kg while latex-in-bulk rose 2.5 sen to 515 sen a kg
2013年11月29日星期五
Palm heads for second monthly gain
Palm oil headed for a second monthly advance on speculation that production in Indonesia, the world's largest supplier, may decline this year as weather curbs yields.
The contract for delivery in February was little changed at RM2,653 (US$822) a metric tonne on the Bursa Malaysia Derivatives at the mid-day break in Kuala Lumpur, after climbing to RM2,656 yesterday, the highest price at close since September 2012. Futures rose 2.3 per cent this month, poised for the first annual increase in three years.
Palm output in Indonesia will drop 1.9 per cent to 26.5 million tonnes this year, according to the median of five grower estimates compiled by Bloomberg. That's the first decline since 1998, according to data from the US Department of Agriculture, which sees a 28.5 million tonne crop.
"The uncertainties over Indonesia's palm oil production are lending support to prices," said Gnanasekar Thiagarajan, a director at Commtrendz Risk Management Services in Mumbai. "There may be some temporary bullishness but when prices come close to the RM2,700 psychological mark, it will be met with a lot of resistance."
Refined palm oil for May delivery gained 0.3 per cent to 6,334 yuan (US$1,040) a tonne on the Dalian Commodity Exchange. Soybean oil climbed 0.3 per cent to 7,272 yuan.
The contract for delivery in February was little changed at RM2,653 (US$822) a metric tonne on the Bursa Malaysia Derivatives at the mid-day break in Kuala Lumpur, after climbing to RM2,656 yesterday, the highest price at close since September 2012. Futures rose 2.3 per cent this month, poised for the first annual increase in three years.
Palm output in Indonesia will drop 1.9 per cent to 26.5 million tonnes this year, according to the median of five grower estimates compiled by Bloomberg. That's the first decline since 1998, according to data from the US Department of Agriculture, which sees a 28.5 million tonne crop.
"The uncertainties over Indonesia's palm oil production are lending support to prices," said Gnanasekar Thiagarajan, a director at Commtrendz Risk Management Services in Mumbai. "There may be some temporary bullishness but when prices come close to the RM2,700 psychological mark, it will be met with a lot of resistance."
Refined palm oil for May delivery gained 0.3 per cent to 6,334 yuan (US$1,040) a tonne on the Dalian Commodity Exchange. Soybean oil climbed 0.3 per cent to 7,272 yuan.
South Korea to have preliminary talks on TPP
SEOUL: South Korea plans to enter into preliminary negotiations on a Trans-Pacific Partnership (TPP) trade pact and will inform the main countries involved of its intention, Yonhap news agency quoted the finance minister as saying on Friday.
"We will express our interest in the TPP," Finance Minister Hyun Oh-seok was quoted as telling reporters, referring to the trade negotiations. "We will enter into preliminary talks."
The TPP, which would include Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam in addition to the United States, would establish a free-trade bloc stretching across a region that makes up nearly 40 per cent of the global economy.
The negotiations, which have been going on for three years, have been mired in controversy over a lack of transparency and slowed by the conflicting interests of the negotiating countries, US lawmakers and advocacy groups.
South Korea, the world's 15th-largest economy and seventh-largest exporter, has signed bilateral free trade agreements with both the United States and the European Union.
It has until now said it would focus on pending free trade talks, including those with China and Australia, before deciding on TPP.
"We will express our interest in the TPP," Finance Minister Hyun Oh-seok was quoted as telling reporters, referring to the trade negotiations. "We will enter into preliminary talks."
The TPP, which would include Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam in addition to the United States, would establish a free-trade bloc stretching across a region that makes up nearly 40 per cent of the global economy.
The negotiations, which have been going on for three years, have been mired in controversy over a lack of transparency and slowed by the conflicting interests of the negotiating countries, US lawmakers and advocacy groups.
South Korea, the world's 15th-largest economy and seventh-largest exporter, has signed bilateral free trade agreements with both the United States and the European Union.
It has until now said it would focus on pending free trade talks, including those with China and Australia, before deciding on TPP.
RAM reaffirms Bank Islam's ratings
RAM Rating Services Bhd has reaffirmed the A1/Stable/P1 financial institution ratings of Bank Islam Malaysia Bhd,
Malaysia's first Islamic bank.
In a statement today, it said the ratings reflected its strong
Islamic-banking franchise in the country and also considered the ongoing support from its major shareholder, Lembaga Tabung Haji, that continued to provide a large and steady pool of deposits to the bank.
Nevertheless, its market position, vis-a-vis, larger universal-banking groups was comparatively limited and the share of the overall banking system's financing and deposits was still small, it said.
Bank Islam's credit fundamentals have been improving, however the risk of non-payment was largely mitigated as the bulk of its personal financing facilities comprise those having arrangements with employers for salary deductions and transfers and the bank.
RAM said Bank Islam's financing-to-deposits ratio of about 61 per cent, at end-June 2013, was deemed conservative; and its current-and savings-account deposits, which formed 37 per cent of its deposit pool, were favourable.
It added that the bank still had a high level of depositor-concentration risk, partly counterbalanced by liquid balance sheet and relationships with depositors.-
Malaysia's first Islamic bank.
In a statement today, it said the ratings reflected its strong
Islamic-banking franchise in the country and also considered the ongoing support from its major shareholder, Lembaga Tabung Haji, that continued to provide a large and steady pool of deposits to the bank.
Nevertheless, its market position, vis-a-vis, larger universal-banking groups was comparatively limited and the share of the overall banking system's financing and deposits was still small, it said.
Bank Islam's credit fundamentals have been improving, however the risk of non-payment was largely mitigated as the bulk of its personal financing facilities comprise those having arrangements with employers for salary deductions and transfers and the bank.
RAM said Bank Islam's financing-to-deposits ratio of about 61 per cent, at end-June 2013, was deemed conservative; and its current-and savings-account deposits, which formed 37 per cent of its deposit pool, were favourable.
It added that the bank still had a high level of depositor-concentration risk, partly counterbalanced by liquid balance sheet and relationships with depositors.-
Mastell Q3 pre-tax profit rises
Malaysia Steel Works (KL) Bhd's (Masteel) pre-tax profit for the third quarter ended September 30, 2013 increased to RM10.28
million from RM7.55 million recorded in the same quarter last year.
Revenue rose to RM351.18 million during the period under review from RM312.93 million previously.
The company said the better results were mainly attributable to continued improvement in operating efficiency at its Klang Valley-based meltshop and rolling mill.
Masteel managing director and chief executive officer Datuk Seri Tai Hean Leng said the company witnessed unabated demand for steel products in line with increased construction activity in the Greater Klang Valley.
"Masteel recently secured an additional RM20 million steel bar supply contract for the Klang Valley Mass Rapid Transit (KVMRT) project, which will be fully delivered by end-November 2013.
"The sizeable KVMRT contract, coupled with other ongoing supply projects, will strengthen our earnings performance in the fourth quarter of 2013, and enable the company to conclude the 2013 financial year on a high note," he said in a statement today.
With many infrastructure projects under the Malaysian Economic
Transformation Programme, Tai opined that Masteel was poised to benefit significantly from the rolling out of such mega projects in the coming years.
The projects include the subsequent phases of the KVMRT, Tun Razak Exchange, and the KL-Singapore high speed rail.
Looking forward, Tai said the large pipeline of mega projects in the Greater Klang Valley would effectively translate into surging demand for steel.
"Given this, we anticipate stronger growth in the demand for steel bars, hence, our RM100 million capital expenditure to expand our rolling mill capacity over the next two years," he said.
Meanwhile, in a separate statement, Masteel and KUB Malaysia Bhd have combined their capabilities and resources to co-operate and collaborate with each other in the joint-venture company, Metropolitan Commuter Network Sdn Bhd.
million from RM7.55 million recorded in the same quarter last year.
Revenue rose to RM351.18 million during the period under review from RM312.93 million previously.
The company said the better results were mainly attributable to continued improvement in operating efficiency at its Klang Valley-based meltshop and rolling mill.
Masteel managing director and chief executive officer Datuk Seri Tai Hean Leng said the company witnessed unabated demand for steel products in line with increased construction activity in the Greater Klang Valley.
"Masteel recently secured an additional RM20 million steel bar supply contract for the Klang Valley Mass Rapid Transit (KVMRT) project, which will be fully delivered by end-November 2013.
"The sizeable KVMRT contract, coupled with other ongoing supply projects, will strengthen our earnings performance in the fourth quarter of 2013, and enable the company to conclude the 2013 financial year on a high note," he said in a statement today.
With many infrastructure projects under the Malaysian Economic
Transformation Programme, Tai opined that Masteel was poised to benefit significantly from the rolling out of such mega projects in the coming years.
The projects include the subsequent phases of the KVMRT, Tun Razak Exchange, and the KL-Singapore high speed rail.
Looking forward, Tai said the large pipeline of mega projects in the Greater Klang Valley would effectively translate into surging demand for steel.
"Given this, we anticipate stronger growth in the demand for steel bars, hence, our RM100 million capital expenditure to expand our rolling mill capacity over the next two years," he said.
Meanwhile, in a separate statement, Masteel and KUB Malaysia Bhd have combined their capabilities and resources to co-operate and collaborate with each other in the joint-venture company, Metropolitan Commuter Network Sdn Bhd.
Sima Darby Q1 net profit halves
Malaysian plantation conglomerate Sime Darby said Friday its net profit slumped by half in July-September because of
"challenging market conditions" for most of its businesses.
The world's largest listed palm oil producer by acreage said net profit for its fiscal first quarter came in at RM516.2 million (US$159.1 million), down 50.3 per cent from the same quarter last year.
It also recorded revenue of RM10.76 billion, down 8.4 per cent.
Profit was hit by weaker average crude palm oil prices and a 16 per cent drop in fresh fruit bunch production caused largely by a shift in cropping patterns and a delay in peak cropping in Indonesia, it said.
Sime Darby's other business, such as its industrial, motors and property division, also suffered from falling sales.
For the financial year, Sime Darby said it targeted a net profit of RM2.8 billion, taking into account the "uncertainties in the global economic environment, as well as the volatility in commodity prices".
For the financial year to last June Sime Darby posted a net profit of RM3.7 billion, down 11 per cent year on year
"challenging market conditions" for most of its businesses.
The world's largest listed palm oil producer by acreage said net profit for its fiscal first quarter came in at RM516.2 million (US$159.1 million), down 50.3 per cent from the same quarter last year.
It also recorded revenue of RM10.76 billion, down 8.4 per cent.
Profit was hit by weaker average crude palm oil prices and a 16 per cent drop in fresh fruit bunch production caused largely by a shift in cropping patterns and a delay in peak cropping in Indonesia, it said.
Sime Darby's other business, such as its industrial, motors and property division, also suffered from falling sales.
For the financial year, Sime Darby said it targeted a net profit of RM2.8 billion, taking into account the "uncertainties in the global economic environment, as well as the volatility in commodity prices".
For the financial year to last June Sime Darby posted a net profit of RM3.7 billion, down 11 per cent year on year
Asean stocks: Most were flat-to-weaker
BANGKOK: Most Southeast Asian stocks were flat-to-weaker on Friday, in line with broader Asia, while Thai stocks extended losses amid rising political tensions, and were poised to end the month with their worst monthly drop since August.
The Thai SET index was down 0.4 per cent at mid-day, taking its fall so far this month to 6.2 per cent and a year-to-date loss of 2.8 per cent, Asia's second-worst performer.
Anti-government demonstrators plan to march towards the headquarters of Thai Prime Minister Yingluck Shinawatra's ruling party on Friday, forging ahead with a campaign to overthrow her after rejecting her call for dialogue.
Strategists at broker Phillip Securities expect the SET to move in a trading range of 1,340-1,380 during the day. The index was at 1,353.65 at mid-day.
Tourism-related stocks, including airport operator Airports of Thailand and hotelier Central Plaza Hotel, were among losers as more countries have issued travel warnings for Thailand.
"Thirty-two countries have issued travel warnings for Thailand due to ongoing political uncertainty, a move that could likely deal a blow to tourism this quarter and well into next quarter," Strategists of Phillip wrote in a report.
Singapore's Straits Times Index was down 0.4 per cent while Jakarta's Composite Index inched down 0.04 per cent as the rupiah was on track to post the biggest slide among emerging Asian currencies.
Stocks in Malaysia, the Philippines and Vietnam bounced off their intraday lows, while the MSCI Asia-Pacific ex-Japan index was range-bound after hitting a 1-week closing high on Thursday
The Thai SET index was down 0.4 per cent at mid-day, taking its fall so far this month to 6.2 per cent and a year-to-date loss of 2.8 per cent, Asia's second-worst performer.
Anti-government demonstrators plan to march towards the headquarters of Thai Prime Minister Yingluck Shinawatra's ruling party on Friday, forging ahead with a campaign to overthrow her after rejecting her call for dialogue.
Strategists at broker Phillip Securities expect the SET to move in a trading range of 1,340-1,380 during the day. The index was at 1,353.65 at mid-day.
Tourism-related stocks, including airport operator Airports of Thailand and hotelier Central Plaza Hotel, were among losers as more countries have issued travel warnings for Thailand.
"Thirty-two countries have issued travel warnings for Thailand due to ongoing political uncertainty, a move that could likely deal a blow to tourism this quarter and well into next quarter," Strategists of Phillip wrote in a report.
Singapore's Straits Times Index was down 0.4 per cent while Jakarta's Composite Index inched down 0.04 per cent as the rupiah was on track to post the biggest slide among emerging Asian currencies.
Stocks in Malaysia, the Philippines and Vietnam bounced off their intraday lows, while the MSCI Asia-Pacific ex-Japan index was range-bound after hitting a 1-week closing high on Thursday
Boustead's Q3 pre-tax profit soars
Boustead Holdings Bhd's pre-tax for the third quarter ended Sept 30, 2013 increased to RM159.20 million from RM132.70 million recorded in the same quarter last year.
Revenue rose to RM2.70 billion, during the period under review, from RM2.51 billion registered in the corresponding period last year.
The company said the better results were derived from its property division, contributed mainly from the stronger operating results and the sale of a corporate lot in Mutiara Damansara.
"The division had performed satisfactorily despite the fact that crude palm oil prices have impacted earnings," said deputy chairman and Group managing director Tan Sri Lodin Wok Kamaruddin.
The plantation division recorded a profit of RM30 million, against a loss of RM15 million registered in the preceding quarter.
Looking forward, Lodin said the company would continue to undertake measures to ensure that it was able to deliver shareholder value by building on its various business streams and pursuing opportunities for organic growth.
Revenue rose to RM2.70 billion, during the period under review, from RM2.51 billion registered in the corresponding period last year.
The company said the better results were derived from its property division, contributed mainly from the stronger operating results and the sale of a corporate lot in Mutiara Damansara.
"The division had performed satisfactorily despite the fact that crude palm oil prices have impacted earnings," said deputy chairman and Group managing director Tan Sri Lodin Wok Kamaruddin.
The plantation division recorded a profit of RM30 million, against a loss of RM15 million registered in the preceding quarter.
Looking forward, Lodin said the company would continue to undertake measures to ensure that it was able to deliver shareholder value by building on its various business streams and pursuing opportunities for organic growth.
RHB Capital posts higher PBT in Q3
RHB Capital Bhd posted a pre-tax profit of RM739.8 million for the third quarter ended Sept 30, 2013, up from RM640.3 million posted a year ago.
It recorded a net profit of RM559.1 million, an increase of 14.7 per cent from RM487.5 million previously, while revenue gained 25 per cent to RM2.455 billion from RM1.961 billion.
The growth was largely contributed by strong income growth, well managed operating expenses and lower impairment allowances for loans.
However, for the nine months, pre-tax profit eased two per cent lower to RM1.788 billion compared with RM1.824 billion in the previous corresponding period.
Earnings also dwindled 3.6 per cent to RM1.326 billion from RM1.376 billion.
Revenue improved by 21.8 per cent to RM7.06 billion from RM5.796 billion previously.
In a statement today, Group managing director of RHB Banking Group, Kellee Kam said the local banking sector's outlook is expected to continue its moderate growth in line with a stable domestic operating environment, with system wide sound asset quality, strong capitalisation and funding profiles.
"Following this, the Group's business performance is expected to improve further given our enhanced geographical footprint, while for the remaining part of the financial year we anticipate a satisfactory performance," he added.
As at September 30, 2013, RHB Capital's total assets stood at RM187.7 billion.
It recorded a net profit of RM559.1 million, an increase of 14.7 per cent from RM487.5 million previously, while revenue gained 25 per cent to RM2.455 billion from RM1.961 billion.
The growth was largely contributed by strong income growth, well managed operating expenses and lower impairment allowances for loans.
However, for the nine months, pre-tax profit eased two per cent lower to RM1.788 billion compared with RM1.824 billion in the previous corresponding period.
Earnings also dwindled 3.6 per cent to RM1.326 billion from RM1.376 billion.
Revenue improved by 21.8 per cent to RM7.06 billion from RM5.796 billion previously.
In a statement today, Group managing director of RHB Banking Group, Kellee Kam said the local banking sector's outlook is expected to continue its moderate growth in line with a stable domestic operating environment, with system wide sound asset quality, strong capitalisation and funding profiles.
"Following this, the Group's business performance is expected to improve further given our enhanced geographical footprint, while for the remaining part of the financial year we anticipate a satisfactory performance," he added.
As at September 30, 2013, RHB Capital's total assets stood at RM187.7 billion.
订阅：
评论 (Atom)