Month: November 2015

Krubong Factory For Sale

Krubong Factory For Sale

Krubong Factory for sale

52, Jalan Krubong
Kawasan Perindustrian Krubong
Krubong Melaka

Luke Lim,
SmartAsset Solution
Jalan M1 Taman Merdeka
75350 Batu Berendam, Melaka-

Phone: 012-346 2188


asking price RM900,000 with 3200 sf located in heart of krubong Melaka. Most advantage of this place, you can easily access a strategic important place simpliy using highway like AMJ and SPA highway. This surely will let your business run more smothly. Please contact me for more detail at 012-346 2188

The following article is courtesy of

from Blogger


RON95 Is 10 Sen Cheaper At RM1.95/Liter For The Month Of December

Motorists whose cars are running on RON95 should rejoice as the Ministry of Domestic Trade and Consumer Affairs has decided to lower the price of the fuel by 10 sen to RM1.95/liter for the month of December.

According to the latest price circular, the retail prices for RON97 remains at RM2.45/liter (inclusive of the 6% Goods and Services Tax) and regular diesel at RM1.90/liter (Euro 5 diesel is priced at RM2/liter).

The prices will come into effect from 12.01am on December 1.

The price reduction is in tandem with the decline in global oil prices with the Brent crude – the oft-referred to benchmark for global oil prices – staying below the US$45/barrel mark for most part of November 2015. This is coupled with the firming trend of the ringgit against the greenback especially during the second half of November 2015.

The current monthly fuel price adjustment system follows the Ministry of Domestic Trade and Consumer Affairs’ decision to set the market prices of petrol and diesel on a managed float beginning December 1 last year.

The month of February marked the lowest fuel prices thus far for Malaysian motorists with the RON95, RON97 and diesel priced at RM1.70, RM2.00 ad RM1.70, respectively.

Beginning the month of July 2015, the Ministry of Domestic Trade and Consumer Affairs has ceased making a formal announcement on fuel prices revision at the end of every month. Instead any monthly changes in the prices of petrol and diesel will only be made known to consumers from 12.01am at petrol stations nationwide.


Month                         RON95 (Per liter)      RON97 (Per liter)      Diesel (Per Liter)

January 2015               RM1.91                       RM2.11                       RM1.93

February 2015             RM1.70                       RM2.00                       RM1.70

March 2015                 RM1.95                       RM2.25                       RM2.25

April 2015                   RM1.95                       RM2.25*                     RM1.95

May 2015                    RM1.95                       RM2.25*                     RM1.95

June 2015                    RM2.05                       RM2.35*                     RM2.05

July 2015                     RM2.15                       RM2.55*                     RM2.05

August 2015               RM2.05                       RM2.45*                     RM1.95

September 2015          RM1.95                       RM2.35*                     RM1.80

October 2015              RM2.05                       RM2.45*                     RM1.90

November 2015          RM2.05                       RM2.45*                     RM1.90

December 2015           RM1.95                       RM2.45*                     RM1.90

* Including 6% GST charges

Daily Market Close (Down 10.43 points)

Prevailing subdued market sentiment stemming from weak oil prices sent the FBMKLCI tumbling 10.43 points or 0.62% to 1,672.16 on the first trading day of the week. This is in tandem with regional trend and the fall of heavyweight stocks notably BAT, TENAGA, SIME, MAYBANK and DIGI.

Nevertheless buying interest remained intact if measured by the daily traded volume which hovered in the 2.5 billion share mark.

At the currency market, the ringgit continued to soften against the greenback, slipping a slight 0.15% to 4.2600/US$ from Friday’s close of 4.2535/US$. The local currency had earlier touched an intra-day low of 4.2913/US$.

At the regional level, major stock markets closed Monday’s trading in the negative territory with the exception of China’s Shanghai Composite Index which rebounded 9.37 points or 0.27% to 3,445.68 following Friday’s plunge of almost 200 points.

The biggest loser was South Korea’s KOSPI Index which slumped 37.02 points or 1.82% to 1,991.97 while Japan’s Nikkei 225 Index surrendered 136.47 points or 0.69% to 19,747.47. Elsewhere, Australia’s S&P/ASX 200 gave up 36.07 points or 0.69% to 5,166.52 while Hong Kong’s Hang Seng Index dipped 71.90 points or 0.33% to 21,996.42.

Back home, the Finance Index dipped 0.24% to 14,100.82 points, the Properties Index inched down 0.47% to 1,186.324 points while the Plantation Index dropped 0.04% to 7,596.70 points. The market traded within a range of 9.80 points between an intra-day high of 1,675.41 and a low of 1,663.03 during the session.

Major decliners among the index-linked stocks were BAT (-64 sen to RM57.86), TENAGA (-24 sen to RM13.36), SIME (-14 SEN to RM7.91), MAYBANK (-12 sen to RM8.32) and DIGI (-12 sen to RM5.00).

Actively traded stocks included BORNOIL (+½ sen at 16.5 sen), INSTACO (unchanged at 32 sen), XOX (-2.5 sen at 31 sen), WINTONI (-2.5 sen at 6 sen) and BORNOIL-WC (+½ sen at 9 sen).

Trading volume increased to 2.51 billion shares worth RM3.79 billion as compared to Friday’s 2.40 billion shares worth RM2.06 billion.

Major advancers among the index-linked counters were PBBANK (+12 sen to RM18.38), HLFG (+40 sen to RM14.00), HLBANK (+20 sen to RM13.56), KLK (+14 sen to RM22.94), WPRTS (+10 sen to RM4.30) and CIMB (+5 sen to RM4.55).

Market breadth was negative with losers thumping gainers by 679 to 270.

A Lackluster Business Performance Scene Anticipated in 4Q 2015 and 1Q FY2016

Business performance is expected to slow down in 4Q 2015 as reflected in the -0.8% drop in the confidence indicator as compared to +2.2% gain in 3Q 2015, according to the Statistics Department.

Confidence indicator is an indicator that summaries the overall views on short-term business situation in various sectors in Malaysia. The confidence indicator is computed as the average of the net balance for selected variables.

“The business performance by sector shows the industrial and services sectors are expected to grow in 4Q 2015 with confidence indicator of +1.4% and +1.2%, respectively,” the Statistics Department pointed out in a media statement. “However, the business performance of the wholesale & retail trade and construction sectors is expected to drop with confidence indicator of -13.2% and -2.9%, respectively.”

These latest data are part of the Business Tendency Statistics based on the Business Tendency Survey which is conducted quarterly by the Statistics Department. The main objective of this survey is to measure the current business performance in Malaysia as well as expectation for the upcoming three and six months.

This report publishes the statistics of current business situation for 3Q 2015, business expectation for 4Q 2015 and the upcoming six months period of October 2015 to March 2016.

According to the Statistics Department, its forecast for 4Q 2015 shows that 29.5% of establishments expect an increase in gross revenue while another 25.0%  foresee a decrease. The remaining 45.5% predict their gross revenue to be unchanged.

“The difference between the percentages of establishments giving favorable and unfavorable response known as the net balance remained positive at +4.5% as compared to +13.9 in the previous quarter,” explained the Statistics Department.

In terms of number of employees, 15.9% of establishments predict an increase while 11.9% of establishments predict a decrease in 4Q 2015. The magnitude of the positive net balance of the number of employees in 4Q 2015 is lower (+4.0%) than the +10.3% posted in 3Q 2015.

Meanwhile, the Statistics Department said the current situation of business performance decreased with the overall net balance for all sectors recorded -7.7% in 3Q 2015 as compared to -3.0% in the previous quarter (2Q 2015).

“A significant majority of establishments (63.9%) reported the current situation of their business to remain the same, 14.2% show improvement in their business climate while another 1.9% of show less favorable conditions,” revealed the Statistics Department.

Moving on, a total of 29.6% of establishments reported an improvement in their business gross revenue. In contrast, another 33.2% have reported deterioration in their gross revenue condition while 37.2% stated that their gross revenue remain the same in 3Q 2015.

“This translates to a net balance of -3.6% as compared to +2.0% in the previous quarter,” highlighted the Statistics Department.

In terms of the number of employees, 17.4% of establishments indicated an increase in employment, another 18.9% reported a decrease while the remaining 63.7% reported no change. Overall, a net balance of -1.4% for the number of employees was recorded in 3Q 2015 compared with +3.8% in 2Q 2015.

At sectoral level, the Statistics Department noted that the current business situation of the wholesale & retail trade, industry and services has deteriorated during 3Q 2015 with a net balance of -22.9%, -8.9% and -0.2%, respectively. In contrast, the construction sector has reported a better net balance of +8.3%.

Looking ahead, the Statistics Department expects business conditions in October 2015 to March 2016 to decline with net balance -0.2%. The sector expected to register a decrease is wholesale & retail trade sector (-27.1%).

“On the other hand, the services and industry sectors are expected to increase with the net balance of +10.8% and +0.8%, respectively,” projected the Statistics Department. “While business performance is expected to remain the same for the construction sector compared to the previous period.”

RHB Capital’s Net Profit For 3Q FY2015 Dipped 23% To RM1.2b

RHB Capital Bhd today reported a pre-tax profit of RM1.631 billion (9M FY2014: RM2.091 billion) and net profit of RM1.195 billion (9M FY2014: RM1.552 billion), respectively for the first nine months of 2015.

Excluding its one-off Career Transition Scheme (CTS) expenses of RM308.8 million, the group’s normalized pre-tax profit was at RM1.940 billion or 7.2% lower year-on-year (y-o-y) (9M FY2014: RM2.091 billion).

“This was mainly attributed to lower investment banking related fee income and lower trading income and higher operating expenses,” RHB Capital pointed out in a media release. “The lower impairment written back on other assets was offset by lower loan impairment charges during the period.”

The group’s net profit before the one-off CTS was at RM1.427 billion, a decrease of 8.0% from previous corresponding period (9M FY2014: RM1.552 billion).

For the first nine months of the year, RHB Capital’s net fund based income grew by 1.6% to RM3.004 billion. Its gross fund based income increased by 10.8% on the back of 10.0% increase in gross loans and financing. Funding and interest expense, however, was higher by 18.5% mainly due to higher customer deposit and higher funding expense on sukuk and sub-debts totaling RM1.5 billion and US$300 million senior unsecured notes issued during 2H 2014.

“Non-fund based income was lower by 6.0% at RM1.505 billion,” noted RHB Capital. “This was mainly due to lower trading income and investment banking related fee income, partly offset by higher foreign exchange gain and increase in wealth management fee income.”

Excluding the one off CTS expenses, other operating expenses rose by 4.1%, a reflection of a strong cost discipline across the group. The group has completed its CTS in Malaysia with a total of 1,812 applications accepted and payout amounting to RM308.8 million.

Allowance for impairment on loans and financing for the period decreased by RM60.0 million to RM105.8 million. This was primarily due to lower collective allowance and lower bad debts written off, partially offset by higher individual allowance and lower impaired loans and financing recovered.

Impairment losses written back on other assets was lower at RM59.4 million due to the absence of a large one off recovery in 2014.

On a quarterly basis, RHB Capital’s normalized pre-tax profit for 3Q FY2015 was at RM603.1 million, 18.7% lower as compared to RM692.4 million recorded in the preceding quarter ended June 30 this year.

“This was mainly due to higher impairment on loans and financing, lower non-fund based income and higher operating expenses, partly offset by higher net interest and fund based income,” rationalized RHB Capital.

All-in, the group’s total assets rose by 4.7% or RM10.2 billion to RM229.6 billion as of September 30 this year while shareholders’ funds stood at RM20.5 billion. Net assets per share improved to RM7.94 compared to RM7.31 as of December 31, 2014.

Elsewhere, the group’s gross loans and financing grew by 5.0% for the first nine months of 2015, and 10.0% year-on-year to RM149.6 billion. Excluding one large corporate repayment during the period, gross loans growth was at 6.5% for the first nine months of the year.

“The growth was broad-based, predominantly from purchase of residential and non-residential properties, construction and working capital,” justified RHB Capital. “The group’s domestic loan market share stood at 9.4% as of September 30 this year.”

As the group continue to rebalance its liquidity and funding position, customer deposits grew by a marginal 1.2% for the first nine months of the year and expanded by 7.3% y-o-y to RM159.0 billion. However, current and savings account (CASA) balances registered a strong growth of 8.6% and CASA composition improved to 23.3% as of September 30 this year from 21.7% in December 2014.

Asset quality continue to improve where gross impaired loans ratio decreased to 1.94% from 2.03% in December 2014.

Moving forward, Datuk Khairussaleh Ramli, Group Managing Director of RHB Banking Group, deemed the group’s overall performance as satisfactory on the back of challenges in the economic and business environment, especially for investment banking activities.

“The completion of the CTS will create a leaner organization with enhanced efficiency,” he explained. “We are confident that the completion of the proposed rights issue and internal re-organization which is expected to be completed by 1Q 2016 will position the group on a strong footing for growth and profitability.”

At 4.18pm, RHB Capital was up 4 sen to RM5.52 with 2,109,500 shares traded.

Foreign Buying Rose Moderately Last Week in Bursa Malaysia As Ringgit Emerged Best Performing Asian Currency

Foreign investors turned net buyers on Bursa Malaysia last week (November 23-27) albeit marginally, riding on the positive sentiment towards the ringgit which was the best performing Asian and Emerging Market currency last week.

According to MIDF Research, foreign funds purchased RM96.3 million net of sales in the open market (i.e. excluding off-market deals) last week after offloading a total of RM1 billion in the preceding fortnight (November 16-20).

The research house observed that there was residual foreign selling on Monday, following the attrition in the week before.

“However, foreign investors bought back relatively strongly on Tuesday and the buying continued on Wednesday and Thursday,” MIDF Research pointed out in its weekly fund flow chart. “Unfortunately, concerns over Emerging Markets on Friday took its toll on the local bourse which succumbed to a RM60 million foreign attrition.”

For 2015, last week’s small surplus reduced the cumulative net foreign outflow to RM18.4 billion compared with the RM6.9 billion outflow for the entire 2014. “Foreign presence in the local equity market is currently very low,” projected the research note. “We estimate the overhang of foreign liquidity for money that came in since early 2010 to be less than RM10 billion, at only RM9.5 billion.”

Despite some optimism in the first and last week of November, MIDF Research expects the month to record a deficit in the flow of foreign liquidity. With one trading day left, the cumulative foreign fund outflow in November (until Friday) was RM843 million. This reversed the RM622 million inflow in October.

“Foreign participation rate (average daily gross trade) rose to RM933 million, the highest in five weeks,” noted the research house.

Elsewhere, MIDF Research observed that local institutions sold RM46.5 million net on RM2.33 billion participation rate while retailers offloaded RM50 million last week on heightened participation.

“(Their) participation spiked to RM980 million, the second highest in 2015,” revealed the research house. “Expect a roller coaster ride for small cap stocks this week!” The market for small cap stocks came under the weather last week with the FBM Smallcap Index falling -1.3% on Wednesday and -0.5% on Friday.

Moving forward, MIDF Research expects December to be a historically good month for the benchmark FBMKLCI index. “The FBMKLCI had recorded positive gains in 12 out of the last 14 last month of the year,” added the research house.