May 06, 2012
BJFoods-Will It Generate Interest?
This is another sleeper share on Bursa KL. Except for a brief moment when it propelled itself beyond RM1 and more in 2011, it has stayed at the 99 sen mark and would graze the RM1 mark perhaps to RM1.03 sen. Then is will falter and stumble.
Recently, Berjaya Foods has obtained permission from Bank Negara on some warrant issue to foreigners but this has not stirred Rip Van Winkle from his golden slumber.
With the forthcoming rights issue and warrants approaching on nigh on the horizon,we should expect some action. At 65 sen per rights issue on the basis of 4 for 5 shares, it should attract given the current price of a discount of some 35 sen. To boot, there is an equivalent number of warrants given to be traded for value.
Given the impending de-listing of two food counters i.e. KFC and QSR Brands, BJFoods will now become the listed market leader. with the expansion into Indonesia, Kenny Rogers Restaurants (KRR) should bring in the needed revenue for BJFoods.
The purchase of the popular designer coffee outlet STARBUCKS in Malaysia will also provide the required fillip to shore up the revenue, profit and price of this counter.
Let us await news of the rights issue subscription.
Labels:
Stocks
Time Would Not Sit Still?
After a history of more downs than ups,why is Time Engineering (Time),a sleeper stock, hogging the volume limelight this morning?
Hitting a high of 37.5 sen after the recent AGM and price adjustment for the 3 sen net dividend payout, Time went up from 33 sen to trade at the 36 sen to 36.5 sen currently.
Why is there a sudden interest in this counter when it goes ex? Is someone just collecting dividends and disposing the shares? Unlikely. If so, who is the buyer since from the CEO's briefing at the AGM, it was just hopeful talk about regional tender successes-albeit, small in value; a lot of unused cash in the kitty and very little else? Is there a mystery buyer who is going for the cash? Is Khazanah parcelling Time up for a sell-out to an UMNO bigwig? This is the more likely reason for the interest, I think.
There is no smoke without fire in spite of today's advance science that will tell you so that there could be smoke-like plumes without fire.
In a nutshell, TIME prides itself as a leading Malaysian IT infrastructure service provider. It also purveys cyber security and e-commerce solutions and an assortment of IT services. Time also claims that it has soared beyond national borders in to the ASEAN landscape and growing from strength to strength regionally.
Strength-wise, Time is a government-linked company, with the Malaysian government having a 45.3% stake in the organisation through Khazanah and UEM Land.
Will it breach the 40 sen and move ahead?
The highest price touched was 63 sen achieved in 2011 and the highest price this year was 40 sen and the lowest,30 sen.
We shall have to watch out whether there is price and volume traction today.
PS:
Time Engineering went into sleeper mode again and slid to the 34-35 sen range. We have to wait for the Khazanah announcement whether Syed Mokhtar will take over Time Engineering. I think a majority control will push up the price of this counter,more so if it is a candidate for Syed Mokhtar's empire which currently needs a telephone land-line outfit and perhaps a bigger commercial bank to boot.
Labels:
Stocks
Vocal Powderkeg Jessica Sanchez
Good singers are not simply born. It is definitely not wholly DNA-driven.
Nurture and Nature hand in hand will bring out the latent talent and get it honed to its exceptional ideal possible.
As with Leona Lewis, we now witness a spring of hope in a young American Mexican of Filipina decent as she sings her heart out on stage at each American Idol outing and she has just got into the Top 4.
Will America vote in a super performer of a tender age of 16?
The following videos, most from American Idol, will testify on the vocal prowess and stage presence of Jessica Sanchez.
Enjoy the selection and vote!
Proud Mary
The Prayer
Dance with my Father
I Always Will Love You
Love You I do
How Will I Know Life
How Will I Know - Studio
I Surrender
I ‘ll Rather Go Blind
Some Jessica Audition Videos
Bohemian Rhapsody
Try a Little Tenderness
Falling
Stuttering
Jessica Sanchez Voted Out
Sweet Dreams
Smash Into You-Beyonce Album
Nurture and Nature hand in hand will bring out the latent talent and get it honed to its exceptional ideal possible.
As with Leona Lewis, we now witness a spring of hope in a young American Mexican of Filipina decent as she sings her heart out on stage at each American Idol outing and she has just got into the Top 4.
Will America vote in a super performer of a tender age of 16?
The following videos, most from American Idol, will testify on the vocal prowess and stage presence of Jessica Sanchez.
Enjoy the selection and vote!
Proud Mary
The Prayer
Dance with my Father
I Always Will Love You
Love You I do
How Will I Know Life
How Will I Know - Studio
I Surrender
I ‘ll Rather Go Blind
Some Jessica Audition Videos
Bohemian Rhapsody
Try a Little Tenderness
Falling
Stuttering
Jessica Sanchez Voted Out
Sweet Dreams
Smash Into You-Beyonce Album
Labels:
American Idol
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