In support of Brent at USD85/bbl...
It doesn't matter whether oil has a causal relationship to Armada, Hibiscus or Dialog...
as long as you do not hold Saprng that's already in its depths (debts?) like the Titan...
...correlation does not mean causation...
If you want to win (in Armada or in an election?), just quote a statistic...

Kraken issues already addressed and Mgt is confident that solution at hand...
No need to ponder, just move on...

Next picture: US Inflation is abating so is the USD...
Lower USD likely to translate to escalating oil & gold prices...

After State Elections, Malaysia to reduce fuel subsidy??

In support of USD85/bbl.....
⛽NATO stock fuel for more protracted conflict & migraine in Ukraine,
⛽Biden starts replenishment of US oil reserves (SPR) as US opens bidding for SPR purchase,
⛽Kiwis in NZ queue for fuel as discount come to an end,
⛽Nigerian motorists queue for petrol as fuel subsidy is abolished,
⛽Pakistan braces for fuel shortage of diesel from panic buying amid liquidity crisis.

The shorties have reduced their position by 8% over the past 3 days. Possibly another 2 weeks, they're likely to run out of breath... as their material risk compliance becomes more significant....

Zero Flaring initiative ZF20230 commits governments and oil companies to not routinely flare gas in any new oilfield development and end existing routine flaring by 2030 at the latest. Oil companies are now requiring their FPSOs to include closed flare systems, reinjection, the ability to use the gas for power generation or similar and are also penalising their FPSO providers to high levels of flaring through charter rate reductions.

From ChatGPT:
How an FPSO could contribute to carbon capture:
1. CO2 Capture: The FPSO can incorporate a CO2 capture system to separate carbon dioxide from the produced hydrocarbons, typically from the flue gas emitted during the combustion process of natural gas (gas is produced in an oil extraction process).
2. Compression: Once the CO2 is captured, it needs to be compressed for transportation and storage. The FPSO can be equipped with onboard compression facilities to increase the pressure of the captured CO2, making it suitable for transportation via pipelines or tankers. Navigator Gas LLC is a liquefied gas shipping company with a global market and the world's largest fleet of large, sophisticated gas shipping vessels.

It is imperative that FPSOs are upgraded to reduce their carbon footprint. The O&G authorities are measuring their carbon dioxide tonne per barrel of oil produced when sanctioning new fields, and thus potentially driving forward change.

This is long term but it is a plan.
We cannot ignore this transition to clean energy and also this world still relies heavily on oil and gas.

The oil tanker Ingrid Knutsen that has transported oil from Kraken FPSO 2 days ago is also docked at Scapa Flow. Scapa Flow, as an energy hub is also the largest natural deep-water harbour in the northern hemisphere where supertankers can also dock.

If got good production from Kraken, why worry so much about other minor issues.
This is not like Hibiscus-Dnex Anusuria FPSO riser issue that was down for a year in 2022.
Armada has the Mgt, funds and machinery to fix issues much faster....

Some posts are just like putting "spanner in the works"

Robert said Navigator has a questionable record (bankruptcy)...
Gabriel said Navigator has been profitable for the past 3 yrs...
A search can inform clearly that Wilbur Ross has acquired Navigator in 2012 after its bankruptcy in 2006.
WL Ross is a billionaire investor whose company focuses on investments in financially distressed companies with undervalued stocks... WL Ross also has interest in Maersk shipping....

I guess there is no free lunch....
All these Analysts reports are mostly on the BACK-ON-ENVELOP calculat-cutions (calculate executions for the shortie trades)...
So young... where got sufficient crystallised intelligence?
Admittedly, they certainly got a lot of fluid intelligence.
(fluid intelligence= free flowing and changing??)

CGS-CIMB n HLB analysts both made the same arbitrary estimate of 24 weeks downtime for Kraken FPSO.
Are they conspiring or collaborating? How did they conclude from their "analysis" of similar
downtime and effect on earnings?

Why no one crucify them? Instead you bash BA and also bash each other...

CGS-CIMB n HLB certainly need to make amends.
Now you can write to them the same way you write to Bursa....

Kraken now running at 60% after 3 weeks. Another 2 weeks can expect to be back to normal?
CGS-CIMB & HLB estimated 6 months downtime in their reports....shot themselves in the foot again?

Following the latest results, SAM's analysts are now forecasting revenues of RM1.65b to RM1.72b (HLIB Feb2023) in FY2024....and to RM2.038b in FY2025 This would be a solid 14%-19% improvement in sales compared to the last 12 months. Statutory earnings per share are also predicted to rise ...

New fast player in aerospace sector in Malaysia...MYAirline.
Started flying in Dec 2022 with 3 Airbus A320-200, now 7 aircrafts, expect 23 aircrafts all A320-200 by end of the year. All aircrafts standard and will have pre-inclined, sleek, ergonomically designed seats (by Geven, Italy) that are lightweight, fits our aspiration as an eco-friendly airline. Overall, these lightweight seats will result in less fuel burn and CO2 emissions. A good step fwd in ULTRA low cost carriers and efficiency.

Recently at Lima Langkawi signed MOU extending A320 comprehensive component support program with SIA Engineering Company. A sign of recovery in the aerospace sector and airlines....more nacelles for SAM to sell to?

Listing next year for MYAirline?

Nvidia make AI chips (GPUs & TPUs) for cloud servers.
AI chips need to be mounted on web servers using PCIe slots etc.
Nvidia GPU chips as you know generate a lot of heat. The faster the chip the more heat it generates.

SAM also manufacture high-precision components for data server centers. This include parts for server racks, cooling systems, power distribution units, and other equipment used in data centers.

All SAM needs to do is to switch more focus on equipment for the AI sector.
Play it cool again SAM....

FY2023 vs FY2022 results
SAM revenue increases by 26%...operating profit by 26%... net proft by 18%.
Higher start-up costs on Thai expansion : escalation of manpower… higher interests on borrowings… higher utilities reduced the net profit by 8%.
Aerospace sector on track to recovery...trade receivables improving...

It is not cheap to engage top lawyer Muhd Shafee as legal consultant. KPMG has paid RM340.9M fines to the MY Govt for 1MDB settlement in Sept 2021. Are damages (billions) claimed by Serba valid?

Do you think Serba would take the risk to fool another auditor the third time?
If Serba directors think that if it is no longer an on-going concern, wouldn't they just exit instead going through so many litigations?

if you think the numbers of Serba AR are fake again, why do you show so much interest?

There is no timeline for those downstate casino licenses to be awarded. The local siting boards take six months to go through applicants, the earliest a license could be awarded is Q1 2024...

https://www.playny.com/nclgs-sen-addabbo-ny-online-casino-bill-2023/

China will retaliate....

https://www.aljazeera.com/news/2023/1/2/which-countries-have-placed-covid-curbs-on-travellers-from-china

China is retaliating....

https://www.channelnewsasia.com/asia/south-korea-chinese-embassy-suspends-short-term-visa-issue-visitors-covid-19-curbs-3194791

At the EGM to resolve the 2Many Ngs issue, 1Ng or 2Ngs will have to go.
If 1Ng goes - a selldown of 40M shrs. If 2Ngs go - a selldown of 80M shrs.
Whatever it is.... the selldown will continue....
If your CTO n COO go off, your tech also goes.
What is the fintech worth if there's no tech specs on gateways n integration factors??

...closer to a deal on the RWG miami property......

https://www.thenextmiami.com/related-group-related-companies-both-interested-in-resorts-world-miami-property/

https://www.timesunion.com/hudsonvalley/news/article/New-Resorts-World-casino-opens-in-Newburgh-17679411.php

“How to spice up a 40 year-old mall….”

https://www.cbsnews.com/newyork/news/resorts-world-hudson-valley-casino-opens-inside-mall-in-orange-county/

"I've never seen a mall this crowded..."

GLASS HALF-FULL
Lim KT will likely toast the new year with a glass half-full because there is as much to cheer about as there were setbacks. Genting finally has an operating address on Las Vegas Boulevard, almost a decade after buying the Echelon plot from Boyd Gaming. Lim is sailing again after reincarnating a new cruise business in Singapore.

The Resorts World properties in Malaysia and Singapore are swinging back to health now that COVID-19 is well and truly endemic in the two countries. The Big Apple beckons, where Genting is an “incumbent” and favourite to get one of the three commercial casino licences in New York City. Queens is not quite Manhattan, but a new NYC casino licence in 2023 will be a more than fitting baton for the Lim family’s third generation to take over the business empire.

The grand opening of Resorts World Hudson Valley will take place on Wednesday, December 28, company executives announced.
Located in Orange County at the Newburgh Mall, just 60 miles north of Manhattan, RWHV will feature 50,000 square feet of gaming and hospitality space, including 1,200 state-of-the-art slot machines and electronic table games, as well as the Resorts World Bet Sports Bar.

Lottery Development in New York : It's sole mission is to earn revenue for education. It started as an entertainment business, now it supports education statewide. To maintain financial integrity, the lottery's financial drawings and financial statements are monitored and audited independently.
MY education system needs a revamp and funds to upgrade. If all tax collected from gaming companies are disbursed to the MY Education dept (monitored and audited independently), then this may stop leakages and contributions by gaming companies to politicians and political parties. Then, approving more gaming licences and granting extra lottery draws should not be an issue when there is an election as all are committed to the support of education. Should there be a nexus between gaming companies and schools....? Else, both will lose lose....

Comparing GenS (Genting Singapore) and GenM (Genting Malaysia) is just like comparing the countries' performance. Singapore keeps on out-performing and Malaysia keeps chasing its tail.
GenM is cheap (on valuation, etc) but with high debts and GenS has better operating metrics & margins. GenS shr price keeps climbing up!
Solution for GenM : Sell off all Miami assets fast. 2022-2023 is peak for Miami real-estate prices. Why wait for US$1.5 B to sell?

https://www.nst.com.my/news/politics/2022/12/858102/yes-pn-gave-rm50k-candidates-ge15-funds-not-gambling-companies-says

Good expose..... in the future, gambling companies and other listed companies and political parties will have to be more transparent in their dealings...

Pls check GenM annual report under List of Properties in USA...

https://www.straitstimes.com/business/genting-to-list-miami-property-with-138-billion-plus-asking-price

HODL your GenM!
Wait for the Miami property sale, then it's blue skies.

If I can make it there
I'll make it anywhere
It's up to you
New York, New York

https://www.asgam.com/index.php/2022/11/29/genting-malaysia-investors-likely-relieved-at-macau-concession-loss-says-nomura/

Genting Singapore Q3 revenues & net profit doubles....

https://www.businesstimes.com.sg/companies-markets/genting-singapore-q3-net-profit-more-than-doubles-to-s1358-million-as-travel

Genting Malaysia earnings to follow after GE15 results...

Macau aims to open to mainland Chinese tour groups in November this year for the first time in almost three years

Macau's gambling revenues in 2019 - six times the Las Vegas Strip, before COVID decimated it by 70% to $10.8 billion in 2021.
"This represents an opportunity for Genting to participate in the recovery prospects of the Macau gaming segment.

Marina Bay Sands’ net revenue more than trebles to US$756m in Q3.

https://www.businesstimes.com.sg/companies-markets/marina-bay-sands-net-revenue-more-than-trebles-to-us756m-in-q3

On 10.10. PAS days as cabinet ministers are officially over.
First and last opportunity ever.... simply cannot come!

After 5 years, Kretam's FFB production todate Sept in 2022 is the same as 2018, where's the upside?

To begin with, Inari seems to have a respectable ROE. Further, the company's ROE is similar to the industry average of 16%. This probably goes some way in explaining Inari's moderate 9.0% growth over the past five years amongst other factors.

Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

19 May 2022
....it does look like Inari has some positive aspects. Especially the growth in earnings which was backed by an impressive ROE. Still, the high ROE could have been even more beneficial to investors if it reinvest more of its cash n profits..... the current reinvestment rate appears to be negligible. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum.

RSS no longer interested in Inari?

Apple earnings beat estimates... Revenue up 9% for 1st qtr 2022.
Follow the earnings trail ...

EPF has increased it stake by 60 M shrs since Jan this year.
What's brewing?

Managing plantation is about people, not palms.

With CPO price at above RM5000, this continues to be a disappointing plantation company, dragged down by its Indonesian operations. Companies that do not have oil refineries in Indonsia will always lose out because CPO price in Indonesia is some RM1000 lower than that in Malaysia. In general, the crop yield of its plantations in Malaysia is so much lower compared to UP, KLK, IOI, HSP, etc. Weakness is in it harvesting operations, not agronomy....

Nasdaq, Apple & Broadcom are just about 10% lower than its ATH (all-time-high).

And Malaysian OSAT players (MPI, Inari, Frontkn & Unisem) are more than 20% lower than its ATH.

Malaysians tak boleh, kah? Selalu tidur sahaja....

FCPO prices are in backwardation (where future prices are lower than current spot). This is considered a bearish sign i.e. market participants are not willing to pay more.

Ramadan starts in April. Both Malaysia n Indonesia will look after their voters with subsidised cooking oil prices. Tax n levy by both govts will crimp CPO exports.

In short, CPO prices will likely to settle to RM 4800 pmt eventually........