@blackchicken, aborted ICULS was yesterday news, today news is investment of RM278.78mil from ZGDEG. What a good connection?
Happy trading and TradeAtYourOwnRisk.

@telurgoreng, another good news: development financing obtained?
 "The Board of Directors of the Company (“Board”) wishes to announce that AHSB, an indirect 75%-owned subsidiary of the Company had on 21 October 2021, entered into a sale and development agreement (“Agreement”) with ZGDEG for the purchase of a piece of land measuring approximately 168 acres (“Industrial Land”) which is part of a land measuring approximately 475 acres located at Wilayah Sungai Kelian Baru, Mukim Batang Padang, Daerah Batang Padang, Perak (“Development Land”) by ZGDEG from AHSB and/or Menteri Besar Incorporated (Perak) (“MBI Perak”) at a purchase consideration of approximately RM278.78 million (“Purchase Consideration”)."
No wonder ICULS issuance not required. TradeAtYourOwnRisk.

@swimwithsharkss: Morning all :) Good for the company to cancel the ICPS, no more dilution to us shareholders!

21/10/2021 10:32 AM

BLee: Good morning @swimwithsharkss, only ICULS cancelled. ICPS (AGES-PA) not cancelled and no more be affected by this ICULS issuance, I hope...
Happy trading and TradeAtYourOwnRisk.

Update - ICULS proposal aborted.
What is the After effect of the proposal cancellation? AGES-PA no more play second fiddle. Attention will come back to AGES-PA, I hope.
- will AGES-PA be the source of quick funds as mentioned alternative? Each AGES-PA can raise 12sen, but the mother (AGES) is trading at 9sen. NTA of AGES as per last QR is 26sen, AGES present trading price is considered undervalue?
With ICULS aborted, most likely 'the dilution' effect will balance to a manageable level...time will tell what will be the balance AGES-PA trading price. TradeAtYourOwnRisk.

BLee @IAN1277, I have gone through the proposal document, IMHO there will be before and after issuance effects.

Before: There will be more AGES-PA conversion to mother shares to capture the rights to subscribe. The share price will not be so much affected.

After: Unless AGES-PA exercise price reduces to match ICULS exercise price, AGES-PA will play second fiddle to ICULS. Typical examples will be those counters having A, B and C warrants; the more recent warrant usually will have more attention.

Due to the major increase in issuance size, it is very hard for shares price movement. Any increase in shares quantity will spread out the funds available.

On another note, the proposal is well written with all the scenarios covered. So far, I liked Agesion reporting on their corporate movement. I hope their projects will be successful amid increasing risk..

Happy Trading

Disclaimer: This opinion for sharing purpose; not meant for buy, sell or hold recommendation.

27/02/2021 11:54 AM

Latest update - Proposal cancelled.
Source: https://www.klsescreener.com/v2/announcements/view/3443179

Latest announcement on ICULS:

(ii) The Board has decided to abort the Proposed Rights Issue of ICULS (“Abortion”) after having considered all relevant aspects of the Abortion, which include, but not limited to, the expected longer time required for the Company to complete the Proposed Rights Issue of ICULS and hence, the Company has decided to explore alternative avenue to raise funds expeditiously for the operational requirements of the Group.

AGES-PA (13sen conversion) price will not be affected by ICULS (proposed 10sen conversion?) issuance anymore. Hopefully price of AGES will go back to support of 13sen...Happy trading and TradeAtYourOwnRisk.

@AlexT12:  just take care, lol, not worth it to lose money such counter. buy real tech companies. penny stocks is the easiest way to throw ur hard earned money to these operators. they are buying sport cars using your money now.

20/10/2021 8:49 AM

BLee: AlexT12, you take care too. My investment shown in my portfolio still remain same, only loss in commission and taxes..Agreed some penny stocks are very hard to recover from years of losses. My advise is to read QRs and ARs of counters before throw our hard earned money. Find out reasons why the decline in stock prices vs business environment (balance sheet, cash flow, feed stocks prices, etc).
Two questions: 1. How can operators earn money in PP investment if the PP tranches prices keep decline by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?
2. How can money flow out (siphon) as money collected from PP, ESOS, SIS, RI are locked in bank FD account as shown Fintec latest QR reporting?

My observation is the operators could be accumulating Fintec stocks as much as possible with prices as low as possible. Retailers could only loss money by buy low and sell lower...
Finally, the operators could take control of Fintec with ALL the cash and holding stocks.

A good read for PP at: http://mswg.org.my/sites/default/files/12%20March%202021%20MSWG%20%20Newsletter%20%28finalised%29.pdf
12 March 2021 MSWG Newsletter (finalised).pdf

Happy trading and TradeAtYourOwnRisk

@AlexT12: be as technical as you like. the truth is you are trapped in a forever sinking ship. there will be no bottom. share consolidation can reduce share number , will bring up price again then drop again.
19/10/2021 1:59 PM

BLee: Hi @AlexT12, thanks for your concern for being 'trapped' in a forever sinking ship in the middle of a pandemic. The 'storm' has just subsided..I think. Just join at 2sen and willing to sail or sink with the rest of the 'crew'. Happy trading and TradeAtYourOwnRisk.

谢谢，非常详细的解释。

@Howyoudoin: im a rookie here， if fintec stock price drop until 0.001 and below then is it going to get delisted？

18/10/2021 9:25 AM

BLee: Hi @Howyoudoin, the lowest stock price is half sen i.e. RM0.005, not 0.001. It is a very long process if there is ground to delist a counter such as still insolvent after many warning to meet listing criteria. It is NOT due to stock price. Fintec is very cash rich at last QR i.e. cash of RM109mil vs market cap of RM78mil; meaning you can buy the ALL Fintec shares at 0.015 for RM78mil and getting cash of RM109mil in return plus ALL their holding shares of more than another RM100mil. Please see my calculation at: https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-10-story-h1591992307-Fintec_The_pendulum_swing.jsp

Happy trading and TradeAtYourOwnRisk

@BILLC: Fin CON global stock,,,,,just avoid lohhh,,,

Wakakaka,,,,,

17/10/2021 5:33 PM

BLee: No risk, no gain. No CON?, no such low price!! No PP, no such low price?? No such low price, no chance to buy low..so up to individual to buy at such a low price. Fintec related counters and newly acquired counters are trading mostly at 52 weeks low. So what is the risk of getting lower? After end 2021, not so easy to get funds raising exercises and consolidation approval.
TradeAtYourOwnRisk.

@Good123: Bagus!

I generally do not set a Stop Loss for my investment. When the market crashes, it is a good time for me to invest more...

BLee: 5.) I have done cost averaging many times, no regret..End
Happy trading and TradeAtYourOwnRisk

@Good123: Advice from so-called guru!

When I invest in stocks, I hold them for a long time. I won’t sell them unless the company’s fundamentals deteriorate....

BLee: 4.) No need advice from anybody, what can cut-loss at 1, 2 and 3 sen investment?? ...continue

@Good123: only invest in stocks that you are optimistic that their future prices will be higher than they are now. It doesn’t matter even if you buy now while prices are going up. In the long run, they will go up even more. ;)

17/10/2021 3:49 PM

BLee: 3.) I have invested in KGroup bcos of KGroup doing well in cloud storage business and moved into medical field, could be the next growth business. At 3sen, it is almost at 52 weeks low. What can be wrong?...continue

@Good123: For turnaround & profitable companies, remember, what goes down will eventually come back up. So, stay calm and carry on, folks. ;)

17/10/2021 3:26 PM

BLee: 2.) Focus Dynamics has been showing profit for the last 22 quarters ( discussed in one of my articles), there is no reason that the share price dropped from close to 70sen to 4sen except pump and dump. Once the dump completed, will it bounce back? I have taken the risk to buy quite heavily at 1sen for Focus-PA...continue

@Good123: Baguslah, pasukhas mendirikan projek hidro eletrik..

BLee: @Universe might has his point to disagreed, let me point out what I agreed with @Good123 i.e.
1. Expertise in Hydro Dam construction. I am very much in green energy as I have invested in MFCB, getting very good return. Received good dividend only few days ago. No problem of getting bank financing, unlike some others coal related industries..continue

@Good123, well narrative on investment strategy, we are on the same page. I have done the same investment in Focus-PA around 1sen, Fintec around 2sen and KGroup around 3sen; plan to hold for very long terms. Fintec and Focus are contracting construction works to PASUKHAS and hope it is beneficial to all this 3 counters. Happy trading and TradeAtYourOwnRisk.

@Sales: No more penny stock for me, caught trapped because of cash rich with 720 millions. End up lost 80%, sad:(

16/10/2021 4:54 PM

BLee: Hi @Sales, Fintec Cash and cash equivalent as below, RM720.5mil only consists of 'paper gain' as at QR reporting.
Although QR30.06.21make a loses of RM-980.2mil consists of 'paper loss', the Cash and cash equivalents increased to a much healthier QR as shown (cash flow reporting).

Cash position during QR30.09.20:- Profit: RM720.5mil
Cash and cash equivalents: RM23.166mil

Cash position during QR30.06.21:-
Loses: RM-980.2mil
Cash and cash equivalents: RM109.996mil

When we invest in stocks, the timing is very important and QR reporting is almost 5 months behind time i.e. 3 months coverage and 2 months for preparation. We shall follow the current 'news' and counters shares holding; and NOT at old history. Please correct me if I make a mistake.
Happy trading and TradeAtYourOwnRisk.

Source: klsescreener Fintec QR

@Elitetrader, Yes. Life goes on. Happy to go semi-retirement and no more daily rush for tender dossier and worried about material prices. Hope can live longer with less stress...Happy trading

@Elitetrader, I have lots of idling time as construction slow and proposal for new projects not forthcoming. Time for me to go semi-retirement, make way for younger generation. I am just trying to have fun penning some opposite opinion with some data gathering to prove a point. I only look at positive and keep silent on negative, although I agreed with some negative points such as PP and ESOS issuance. Happy trading and sign-off for today..

Today 13.10.2021 Fintec trading data:
Buying: 86% of overall trades, closing at 2sen.
Volume at 2sen: 9983 lots Buy at 100%
Volume at 1.5sen: 1300 lots Buy at 0%
Meaning more buyers depleting sell volume, sign of recovery play.
If to reach 1sen, need to cross 2.481mil buyer lots first.
Happy trading and TradeAtYourOwnRisk

BLee Hi @whistlebower99, theedge did mention Associate of 30%, contract cost and duration; and supply to Kedah state only thro' MOH. KGroup bidding to supply to other states and private lab. That's the reason I mentioned from 2 sources. It could be a breakthrough if it can be supplied to all the other states.

"KEY ALLIANCE GROUP BERHAD [Registration No. 200301007533 (609953-K)]
PRESS RELEASE
FOR IMMEDIATE RELEASE

TREEMED SDN BHD, A KEY ALLIANCE GROUP BHD ASSOCIATE, SECURES RM32 MILLION CONTRACT FROM THE GOVERNMENT.
Petaling Jaya, 8 October 2021 - Tree Med Sdn Bhd, an associate of Key Alliance Group (KGROUP), has been awarded a supply and delivery contract by the Ministry of Health (MOH) worth over RM32 million, to supply reagents instrument placement for centralised chemical pathology test for a few hospitals in Kedah state for a period of four years."

Agreed, a good start and the market reacted well.

Happy trading and TradeAtYourOwnRisk.

11/10/2021 3:18 PM

Corrected typo error KAG to KGroup? Not a typo after all as it seems KAG=KGroup?
11/10/2021 3:40 PM

Latest announcement:
Reference is made to the Company’s announcement made on 8 October 2021.


The Board of Directors of Key Alliance Group Berhad (“KAG” or “the Company”) wishes to further announce on the following :

1. The letter of award was dated 1 October 2021 (“Contract”) and accepted by Tree Med Sdn. Bhd. (“Tree Med”) on 8 October 2021.

2. The Contract period is 4 years, commencing from 10 January 2022 to 9 January 2026.

3. Upon the expiry of the Contract, it will be subject to retender.

4. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Group is not expected to have material effect on the earnings, net assets and gearing of KAG Group for the current financial year ending 31 March 2022. Nonetheless, KAG Group expects positive contribution on its earnings in the future arising from the share of profit for associate.

5. None of the directors and/or major shareholders and/or persons connected with a director or major shareholder of KAG have any interest, direct or indirect, in the Contract, and the nature and extent of their interests.

6. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Company does not foresee any exceptional risk to KAG Group. Nonetheless, the Contract accepted by Tree Med will be subject to the normal operational risk associated with the Contract during the contract period.

7. Pursuant to the Contract, Tree Med will supply reagents instrument placement for centralised chemical pathology test to 9 hospitals in Malaysia.

8. Tree Med is a 30% owned associate company of KAG.

9. As of the date of this announcement, Tree Med is not a major associated company of KAG as defined under Chapter 1 of the ACE Market Listing Requirements.

This announcement is dated 13 October 2021.

@samyong1969: BLee agreed what u said
... let's huat together...

13/10/2021 10:01 AM

BLee: @samyong1969, Tq for agreeing. Usually wording can't express all I wanted to share; I have prepared Focus D shares holding spreadsheet earlier for my own monitoring, shared in one of my articles. Due to the pandemic, I have more time to go through some QR and AR of counters I am interested in.
Happy trading and TradeAtYourOwnRisk.

@KLLee_0110: Unless the stock limit up if not better don’t buy first if not u will stuck for a long time. U have to prepare to wait

13/10/2021 9:28 AM

BLee: Bro @KLLee_0110, If stock limit up already, better don't buy, will be stuck for a long time. When is the right time to buy? No one know. Now will be revovery play since we are free to travel further and businesses opening up. All the warning of PP, ESOS, SIS, etc might not be relevant for recovery play. My 2sen, hope we can huat (prosper) together. Happy trading and TradeAtYourOwnRisk.

Elitetrader When they dump, u chiak?

12/10/2021 6:32 AM

@Elitetrader, a good question. After one hour of trade, 100% buying at 2sen only. Seems overall, the market recovering after borders opening. Seems can only chiak (eat) at 2sen...Happy trading and TradeAtYourOwnRisk

@周海, you are right, they are smart and professional. They can hire the smartest brain to gather all the data, having the latest equipment and world wide news to their advantage. So is our institution players. Only we as retailers, depend on our own self reading the market trend.
So really needs to TradeAtOurOwnRisk. My 2sen worth of opinion.

I salute Uncle KYY, he can easily post on the reverse (U-turn) as he seen fit. Today, I have read one news on iron ore prices and another on natural gas prices, both might change what he has written!!
Happy trading and TradeAtYourOwnRisk.

@CUTLOST, all the best. My target of 10sen is not that far off. I might hold longer if it is really hot...Happy trading and TradeAtYourOwnRisk.

@victork, your hope come true. 1st hour of trade already up 40%. Now my hope that the whole bursa will up in tandem with the nation opening up. Happy trading and TradeAtYourOwnRisk.

Below are info extracted from two sources for sharing purposes only.

Key Alliance Group Bhd's associate has bagged a contract worth RM32 million from the Ministry of Health (MoH) to supply reagents instrument placement for centralised chemical pathology test for a few hospitals in Kedah. The company said the four-year contract was secured via Tree Med Sdn Bhd, which is principally involved in the supply of medical devices. Key Alliance acquired a 30% stake in Tree Med in December 2020 for RM14 million.

Source: https://www.theedgemarkets.com/

 Khairul Anuar Danial, CEO of Tree Med Sdn Bhd said that he is glad that the company have been awarded the tender as Tree Med is one of the renowned companies in Malaysia that supply laboratory products.
“We will be bidding in tenders to supply to other government and private laboratories as well in the future if the opportunity arises.

Source: https://www.klsescreener.com/v2/announcements/view/3438049

Happy trading

@Elitetrader, good mathematic. The paper loss reporting was as at end June 2021. If you calculate the investment shareholdings for both companies as at end Sept. 2021 (the next QR cut off period), your mathematic could be correct. Happy trading

As I highlighted to @Aseng, I reserved my comments on the BOT contract flow chart. If not, it will be another lengthy discussion. Happy Trading

@liewtz06, as hydrogen is a very explosive gas, storage and handling required ex-proof equipment. Hydrogen powered vehicle is not new, it is not widely available in the US as the cost still very expensive. EV with new battery technology still the most economical at the moment. Happy trading

Ages start moving into proposed ICULS support price of 10sen. If not reach 10sen, the ICULS excercise won't be attractive. Happy trading and TradeAtYourOwnRisk.

@mita29, good info. I am very much into hydrogen as a feed stocks.
Below are some info for sharing.

Photolysis:
The chlorophyll's donated electrons need to be replaced, and these electrons come from the splitting of water. In a process called photolysis ('light' and 'split'), light energy and catalyst s interact to drive the splitting of water molecules into protons (H+), electrons, and oxygen gas.13 Jan 2017

https://phys.org/news/2020-05-molecules-hydrogen-sunlight.html

Water Electrolysis:
Electrolysis of water is the process of using electricity to decompose water into oxygen and hydrogen gas by a process called electrolysis. Hydrogen gas released in this way can be used as hydrogen fuel, or remixed with the oxygen to create oxyhydrogen gas, which is used in welding and other applications.
This is the option of using wind farms generated free energy to split sea water.

Catalysis:
Catalysis is the increase in the rate of a chemical reaction by the addition of a reagent — the catalyst — that is not itself consumed. The catalyst works by opening up a route between starting material and product with a lower activation barrier than the uncatalyzed process.
This is the option of chemical energy.

Happy trading

@Aseng, noted. I am also very familiar with BOT as I do procurement and bid proposal for EPCC contract. I did comment on DK profit flow chart and now reserve my comments in order not furthering this topic. Again all the best.

Aseng: I have gone back to my own group .
Bye...
Good lucks

07/10/2021 10:27 PM

BLee: @Aseng, all the best. I have nothing against you, DK and JAKS except the feed stocks coal. My apology if any mis-information offended you.

Yesterday, my last minute engagement cause a late reply to some of your discussion. Below is the continuation of the reply.
@Aseng, my job scope for almost last fourty years dealing with E&E has read many Coal Power Generation plants being converted/evolved into other feed stocks type of power plants. I think, even the coal if given free, the coal fired Power Gen come with others problem such as feed stocks and residue handling, filtration equipment, etc comparing with Gas/hydrogen fired Power Gen. Put it bluntly, the conversion will happen under ESG pressure.
If you don't understand my jargon, let me put in a more simplified analogy.
Mother earth give you free water from the well (pass-thro coal), you needs to transport by conveyor to the point of usage. The new technology akin likes opening water tap, no transportation issue. Something free actually do come with TnC.

@Aseng:
BLee ,

1. why you turn a deaf ear to the complains of those people living along the Mei-kong river ?

BLee: As I mentioned earlier, I am not in position to defence this
'The Don Sahong Dam is a run-of-the-river hydroelectricity facility at the downstream end of the Hou Sahong channel between Don Sahong and Don Sadam islands.' Proper EIA done.

2. the agreement of Jaks and MFCB are different.
MFCB earning is seasonal when there is heavy rainfall or no rainfall but Jaks is paid to stop
work for the hydro project to work more during the rainy season

BLee: No comment. Time will tell.

07/10/2021 2:06 PM

@Aseng: BLee also like to make his talk based on common sense or a cin-cai cut and paste from a google search that nobody know what you are talking about . at the end kena hentam left and right

BLee: No comment. Free speech.

07/10/2021 3:08 PM

@Aseng: why suddenly switch the topic to hydrogen energy ?

is it your pasar malam English that can not convince people

and now change your trick to rocket science ?

BLee: I think you get me wrong, I am convincing nobody. I am just too enthusiastic in new feed stocks technology, sharing same topic.

07/10/2021 3:13 PM

https://klse.i3investor.com/blogs/Jaks%20resources/204451.jsp (deleted)

Summary from DK66 article above:
Mong Duong II was on reserve shutdown for 5 months at the request of Electricity of Vietnam, given that the hydropower plants were running at high capacity due to unusually heavier rainfall. The plant has only 35% utilization rate in the year.Year 2018 was the 3rd year of operation and was scheduled for major maintenance (alternative source)

BLee: The shutdown info did not come from me. In the same article, DK did project the profit of 'JAKS at 30% stakes will be earning RM 444Million (being tax free for the first few years)'

Happy trading and TradeAtYourOwnRisk

07/10/2021 3:47 PM

Hydrogen–gas turbines have many environmental and economic benefits, and Mitsubishi Power is committed to facilitating the transition. Their turbines can be fitted into existing power plants and can run on less pure forms of hydrogen, which can be carried in any form, from liquid hydrogen to ammonia.

Hanwha Energy's hydrogen-fuel-cell power plant at the Daesan Industrial Complex in Seosan, Korea, came online in July of 2020. The plant contains 114 fuel cells and can generate up to 400,000 MWh of electricity per year¹, making it the world's largest industrial hydrogen-fuel-cell power plant.16 Aug 2020

Not BLee pipe dream, already exist. Just 2 examples by surfing the net..Happy trading

I am not saying no power plant; the feed stock will change from coal, gas, etc to hydrogen fired (little explosion of H2). In term of distribution, nothing change. So reliability of power source not a concern. The question of cost of energy conversion already taken care by free wind and water. Structure cost could just an addition to all the wind farms already built. Only new cost will be the hydrogen pipeline. Some old offshore hydrocarbon platform with existing onshore landing pipeline is a good conversion (privy info)... The calculated energy loss is old news for hydrogen power vehicle. I will not defend on MFCB hydro (run off river, not hydro dam) as the technology could also be obsolete one day. Happy trading

@mita29, the next big thing on energy will be splitting the ocean water (H2O), harvesting the H2 for energy. It is utilising the wind power generating electric for hydrolysis. The H2 then flow onshore for storage and running power plants, vehicles, etc in place of coal and gas, etc. Both wind and water is abundant and free. Many companies (one of them Mitsubishi) have succesfully employ such technology. Energy technology is ever changing, what is viable today might not be viable for the next five years; what more for the next 25 years. Happy trading...

I am scolding nobody, below info just for discussion purposes only.

@Aseng: Fund raising is not equal to earning dilution .
If you are that stubborn to say it is , the IPO is the biggest dilution but shares can still shoot to the sky .

06/10/2021 11:19 PM

BLee: Totally agreed 'IPO is the biggest dilution' and a form of crowd funding. If afraid of funds raising from all forms of crowd funding risk; very difficult to invest in share market. If the funds raising is bias and NOT beneficial to minority sharholders, vote it out as done recently by KNM shareholders.

On the subject of Coal Power Generaton Plant, below are my comments earlier highlighting the issues:-
' Blog: (Icon) Jaks Resources (7) - Jaks WB Is My 2019 Sailang Stock
Dec 9, 2018 4:28 PM
Dear All, No offence intended. Since I hold MFCB for years getting good dividend and MFCB being compare with JAKS, I liked to offer my opinion on the comparison.
MFCB power plant being hydro-electric, no feed stock required i.e. free energy and environmental friendly, renewable energy and energy of the future.
JAKS feed stock coal will be obsolete in the near future with UK and many other countries banning soon, depleting and non-envronmental friendly..
I wonder why new coal power station still being built..just my 2 sens. TQ'

My question is what will happen in 25years time, the forcast profit period, when the whole world is looking at renewable energy replacing fossil fuel? JAKS has done the right step on going into renewable energy now, but it require time and new money.

Another discussion:

'Blog: Jaks Resources - What You Should Know About The Tariff Payments

Dec 22, 2020 3:24 PM  @DK, noted. That's why I put as 'profit'. 'Paper works' can get so much profit? I very much likes a fair reporting and highlighting the risk by @Jennyloh
https://klse.i3investor.com/blogs/jennylohsharing/2020-12-17-story-h15...
i) Every 3 years shutdown for major maintenance.
ii) Priority for Green Power plant to operate in preference for coal power plant.

Happy Trading

 Posted by DK > Dec 22, 2020 2:56 PM | Report Abuse 

Blee, in fact Jaks only did paper works. By the way, dividend is not profit.'

Now seems item ii) in play??

Happy trading and TradeAtYourOwnRisk

Tq, very good info. Suprised Hiap Teck deal mainly on mild steel. Steel has many grades with different content of carbon and others element (alloy), with wide range of usage. Maybe should cover what is capability of each manufacturer. I consider myself a novice in steel technology, only knows little bit on SS316, High Tensile and of course mild steel which required galvanised or painted for corrosion protection. For non-strength usage, it loss out to Aluminium and Fibreglass. Just a little bit on sharing, hope my contribution to balance out the pros and cons. Happy Trading

@Noworry21: You r wrong no body will losses in this counter. Just patience ok

03/10/2021 9:47 AM

BLee: @Noworry21, I think @Sales is half correct, it is true that people bought Fintec to gain profit; poor and Rich. Those invest for long term and at low price will not feel trap. I cannot says the same for those who went in at high price. I have calculated in my article publish today that due to Fintec low price last Friday; Cash/Capital at a very undervalue of 1.4 i.e. for every 1sen is worth 1.4sen in cash.
Happy trading and TradeAtYourOwnRisk.

@modestos: Next will be share consolidation once touched 0.01 to 0.005. This will allow them to milk every drop further once reached bottom. Retail investors in these companies hardly make it alive. Lets see they will resort to share consolidation.

02/10/2021 3:08 AM

BLee: Hi @modestos, I can't figure out how consolidation and milk every drop can benefit PP, ESOS, SIS, RI etc subscribers, not being milk together? Maybe I am too dumb to understand? Am I too dumb to dump the stock? Thinking....to be smart!!
Happy trading and TradeAtYourOwnRisk.

@ahbah: A fun stock .. just main main for fun onli.

01/10/2021 1:55 PM

BLee: Yes, @ahbah. I think well supported at around 1.5 to 2sen. Now on solid land, the most can end up wash to the sea. If more adventurous, can climb up Gunung Tahan, kinabalu or even Everest. Happy trading and TradeAtYourOwnRisk.

@Michael R., you got a very good point as Fintec did not sell out during price water-fall in early April; Fintec took the opportunity to increase shareholdings in Focus D at around 4sen to 5.5sen. The next QR most likely will be positive comparing the recent released QR based on Focus D at around 4sen vs yesterday Focus D closing price of 5.5sen. Happy trading and TradeAtYourOwnRisk.

@KingDavid: BLee, I am new here. What do you mean by "Only problem will be at least one quarter most likely few hundreds million 'paper loss' due to the Focus D investment retreated from around 65sen to today of 5.5sen still not accounted in any QR." In another word, NTA of RM0.3626 is not true, right?
30/09/2021 5:38 PM

BLee: @KingDavid, the quarter reporting includes major investment of Focus D priced in the period end March (65sen) vs end June 2021 (4sen) beside other investments.

Below is an example of comparison of 2 different period profit/loss as extracted in one of Fintec report.

'(i) 12-month FPE 31 March 2021 vs FYE 31 March 2020
The Group’s revenue for 12-month FPE 31 March 2021 increased by 357.00% to RM93.10 million as compared to FYE 31 March 2020. The higher revenue was mainly due to higher sale of marketable securities as a result of higher value of trading activities undertaken by the Group.
The Group recorded a higher GP margin 54.96% in 12-month FPE 31 March 2021 as compared to 2.85% in FYE 31 March 2020 mainly due to higher gain from the sale of marketable securities.
The Group recorded a PAT of RM666.09 million in 12-month FPE 31 March 2021 as compared to RM226.03 million in FYE 31 March 2020, representing an increase of 194.69%. The higher PAT was mainly due to fair value gain on quoted securities held by the Group of RM620.00 million (FYE 31 March 2020: RM242.21 million) arising from the increase in market prices of such quoted securities:-.'

2. Focus Dynamics Group Berhad: fair value gain / (loss) (RM’million) 569.24

During the bull market, Focus D contributed RM569.24M in Fintec reporting (paper gain). I have expected at most, the contribution at bear market will be around RM500M (paper loss). Today QR reporting a loss of RM980.2M is a surprise to me.

As NTA is calculated with respect to period reporting; it is correct at the period of reporting. Usually this NTA is 1 quarter plus 2 months in preparation i.e. around 5 months from the previous actual NTA. Example: Focus D price at end March of 65sen vs end of June of 4sen vs Today of 5.5sen...Hope my explanation makes sense. Happy trading and TradeAtYourOwnRisk.

Morning Uncle KYY, good sharing. There is something I don't understand; the 'reversal of impairment loss of another RM66.15 million, which was provided in previous years'. Without this reversal, what actually will be the Q profit? Is the reporting Q doing well with high steel price and low feed (iron ore) price? Is it the factory not at optimum running during the reporting period? I have not yet investing and now only start follow this stock, maybe someone could explain further on this previous year impairment loss. TQ again for sharing. Happy trading and TradeAtYourOwnRisk.

@gghaha: wait for 0.01 pa..:)

28/09/2021 11:31 AM

BLee: If 0.01 Fintec-PA, I will buy more as the ratio of conversion 11PA can convert to 8 mother shares. Let says Mother shares remain 2sen, will still in 'Paper Gain' as spending 11sen will get 8x2=16sen.
Happy trading and TradeAtYourOwnRisk.

@HOMESOY: BLee...

most probaly 20in1 then will be 20C TO 25C....THEN DROP TO 13C...THEN ANNOUCE GOOD RESULT THEN GO UP TO 45C... THEN DROP...TO 14C LIKE NETX....

28/09/2021 3:25 PM

BLee: Hi @HOMESOY, If that case, needs to buy & sell many times, untung nya IB

@CUTLOST: Next 0.0149 new listing coming

15/03/2021 4:17 PM

BLee: Hi @CUTLOST, see announcement on completion of latest PP. Next PP if after end of 2021, not so easy approved..
 Link: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/3431303
... the Private Placement has been completed following the listing and quotation of 255,132,900 Placement Shares, being the fourth and last tranche of the Private Placement, on the ACE Market of Bursa Securities on 28 September 2021.

Happy trading and TradeAtYourOwnRisk.