@cupcakes69,

NATO wanted to weaken Russia by imposing the various types of sanction. Instead of destroying Russia, the sanction gave Russia the determination to sell/export to other markets so enriching the Russians. The Russian Ruble appreciated greatly after a short time of down fall. SO, the sanction on Russia is counter productive.

Want to learn about mathematics, chemistry/KLSE, no problem. But the Word of God, can not be ignored.

They identified the Chinese as the descendants of the Sinites as recorded in Chronicle 1:13 and Genesis 10:16 inclusively. Hence, they used SINO-America war to describe the conflict between the Chinese and the Americans.

The Amalekites are the tribe than denounced by the Lord. Haman in the Book of Esther is the Amalekite that wanted to destroy the community. Today, the Amalekites are inside the USA government and together with the wicked people formed the war mongering leaders.

"All NATO countries are discouraged or forbidden to buy Russian products such as oil, gas, wheat and fertilisers. As a result, the prices of oil, gas, wheat and fertilisers has been surging and affected the prices of many other consumer products. That is why I said sanctions on Russia is counterproductive."

1. Having the NATO member countries had to buy oil and gas, fertilizers and wheat from others instead of Russia, the lessen supplies/suppliers would have caused these prices hike. The costlier raw materials will affect the price of the finished/manufactured products made available for the consumers. Those remaining suppliers (other than Russia) still enjoying the lucrative prices of the raw materials.

2. The costlier raw materials have resulted the higher cost of production. Therefore, consumers have to pay the higher prices for the daily consumption in terms of foods and utilities. The chain reaction effect will be triggered where the purchasing power of the same amount of money from each family will be reduced. Inflation is fit to define such a market phenomena.

3. The traditional method to tackle inflation is by increasing the lending/borrowing interest rates whereby the central banks/governments will discourage spending/continuous purchasing the already diminished quantity of products ( e.g. eggs, chicken, etc ) that will lead to a contraction of the economy.

4. Some countries are not able to reduce the import quantity for their consumption immediately so the cost for importing the goods will translate into imbalance of Balance of Payment that causing the negative impact on their foreign exchange position.

1. The issue about the unification of Taiwan back to China is a thorny one without doubt. Moreover, there are external parties/countries are willing to see to it that the matter should be made complicated further for China to handle.
2. These external forces even acted together as concerted effort to contain the expansion/advancement of China so the capability that inclusive of realizing the unification of Taiwan be thwarted. Taiwan was supplied with more advance weapons until the present days so to ward off any attack by China.
3. By human standard, once the threshold has been exceeded or crossed the "redlines", China would go against the diplomatic manner and to takeover Taiwan like Russian would take actions against Ukraine.

MRT in Spore started 30 years ago.

The MRT in KL only started in the recent years. The waiver of the fares fir 1 month will come to the end in few days time. Now, I can see that the passengers are very comfortable while travelling in the MRT. The travelling time is shorten, clean, less pollution & congestion on the road, save the car parking fees and petrol cost.

The mistake was, the nation had paid the attention on the automotive industry then so much so the resources were used away from the more important project.

True enough, even the automotive has not been profitable leaving to be taken over by another entity. History will prove what is right and what is wrong.

I enjoyed the free rides when travelling to meet my suppliers in Bukit Bintang.

History is important. Each person/nation can learn from the History in respect of their mistakes especially. History will teach them to choose the right decisions/policies.

Heard from the older gen, the Japanese armies in Malaya can speak Chinese dialect, probably they were recruited from Taiwan. The Japanese soldiers plucked the mangosteen fruits and started eating without discarding the skin. That was quite bitter.

1. Is high time that the plantation field should be relooked into by the government. In the past, the government has put much emphasis on industrialization so much so the production of food for our daily needs on commercial basis have been sidelined.
2. In addition to manufacturing ventures, the cultivation of lands to produce food for daily consumption and oil palm for making bio diesel will generate income for the economy because the demand will be there. Plenty of lands being under utilized as we can see while driving along the highways.
3. Reduction of import for food will improve the outflow of the imbalanced of payment and the foreign exchange of our currency.

1. When we are comfortable, no cash flow problem, cars, newly renovated kitchen/car porch...we think that these are all from our capabilities/intelligence securing a high income job...ignoring the creations by the Creator/the Lord.
2. Our parnassah is not dependent on our college degrees rather depending on God. Even though we are wealthy, the prayers for a parnassah from God will increase the blessings and will make the providence from God even more sanctified/pure and good for our bodies. The bodies are the temples of God.
3. How many college drop-outs made to the top List of rich people? How many well or highly educated people can not pay their monthly bills/commitments?

1. Short selling as allowed by the SC has got the pros and cons.
However, when the counter has the substance/good value as compared to the
market price, the short selling is not going to influence the reasonable market
price.
2. Short selling is also risky like buying the shares.

There was no person/nationalist like in China, India, Indonesia, ...that fighting for their land of birth against any invasion from external force. To do that/to be nationalist, mean they will fight for cause of the red Indians. They got the idea of "democracy", a form of governing/ruling the land without a king unlike the Europeans during that period of time. Other nations have the own/respective nationalist like Tunku Abdul Rahman, Sun Yat Sen, Mahatma Gandhi, Sukarno or Chulalongkorn. Then, the got the idea of capitalism where funds/money being raised/created to move the market/economy...control the market or the whole market in the world.

USA is not a nation but it is an enterprise formed by various groups of violators/criminals from various parts of Europe that against their kings, governments or churches so settled in the new world founded by certain voyagers. The natives suffered and killed by these settlers. The slavery was introduced into the lands as human resources to cultivate the lands robbed or occupied through force and wars. Having managed to run away from their authorities back home, so the word FREEDOM was just being introduced to delete their names that were blacklisted by their kings/churches/queens.

Recovered back to above RM5

Imagining 8bil units of share will make each one on this earth entitled for a share

True. That's why any company should not be allowed to issue BI quickly whenever there is sikit sikit untung. Flooded with shares in the market the owner will not be able to steer the value of the shares according to the book at the least. The public will be on the receiving side.

Japan, needless to say, is in the hand of the USA. Pitiful Japanese...

The USA (not a nation but a big enterprise, that consist of people from all over the world, initially many criminals from Europe) may want to destroy Germany, a big economy.

Who told Australia to discontinue their Industry development...even the Holden automotive has been dismantled

The Western/US are very naive/kindegarten again..

The huge reserve of oil/gas by Russia that can keep Russia to fight until....whole Europe can be wiped-out.

China do not have to send any single soldier but just continue the business transaction with Russia knowing also China can be benefited from a weaker Western power.

Qatar is with Iran, which is standing together with Russia. Even the rest of Middle East Arabs are not so cooperative with the US/Europeans for the time being because they also wanted to make more profits together with Russia. Make the oil pricey and do not the over-supply now. China, understandably is buying Russian's products (the oil also) and supplying products that needed by Russia. WHAT sanction!

Price-to-book value

Yes, they said that Putin has been to the kindergarten before.

Russians has won. Their currency performed very well owing to the income from the oil/gas buying with Rubel. The West/USA has made a miscalculation. This period is the same as the coming QR.

What a kindergarten assumption after all

Ya! going up

It all depends. Maybe some bourses required that the listing companies to have minimum of issued shares exceeding billions of shares. BUT, in KLSE, if i have a company, i mean reasonably profit-making company, i would apply to SC to shrink/consolidate the plentiful issued shares by the company. The advantages are just obvious.

2. The retained profits, the SC should reform and require that the amount should be at least 75% being reflected in the bank balances. Yearly profits are cash by right instead of reflected in the debtors/receivable or stock. Approval from SC is necessary if funds from the Retain Profits are to used for expansion/rescuing the company.

3. QR/AR should be released not exceeding one from the closure.

300mil units of issued shares are not too much when comparing to many others that are exceeding billions.

From one of the articles about investment by Warren B,
"An undervalued opportunity?
Citigroup stock currently trades at a price-to-earnings ratio of 5.5. Its price-to-book ratio is 0.5. That’s significantly lower than the industry average of 9.5 and 1.1, respectively.

Put simply, the stock is cheap."

- THE industry average is 9.5 (PE) and 1.1 (price-to-book ratio) for this banking stock is comparable to MBB, PBB

-IF HY valued at RM4.90 , the price-to-book ratio is (RM4.90/RM6.60) will be 0.75 only. PUT simply, this stock is cheap.

One friend made a meal for all in the community. He said that he wanted to give credit to the Lord for being graceful and merciful after admitted to the hospital for injuries derived from a bad accident a week ago.
The following Sunday, another brother also wants to buy a meal for the same community. So, he was asked if he had an accident that the Lord made another miracle healing for him. But he replied that, he walked crossing the same road for the past 10 years without being knocked down by any car. So, he wanted to buy the meal to thank God for the safety granted all this while. Don't have to wait for the accident

BTW, the Chinese always see the point as helping another country by providing financial and technical expertise to any less developed countries now as building business alliances/friendship. But the opponents always wanted to twist the agenda/project by terming the mutual benefits approach as the "debts trap". WHAT a kindergarten western/saxon-anglo defination!

When China company buying into Proton, the purpose may not be totally about making profit alone but inclusive of forging politically alliance with Malaysia also.

The investing party already got full control of Volvo of Sweden in their hand and it really make not better business decision if the China company is investing for a derailed product market then. Furthermore, there may be so high the business risk to takeover a company that was so precious to the government of Malaysia.
Again, for the sake of winning friends of the days and helping Malaysia to overcome the financial struggle of this important entity, the China company could it like doing Volvo.

In Pakistan, recently the government of Pakistan has received financial assistance from China which is really worth the cause because China will continue to enjoy good business and political relationship with Pakistan. Afterall, China already got the very big investment in Gwadar Port inside Pakistan.

I would be eager to see the coming QR to be released sooner than expected. The presumably grace period of 2 months for disclosing the QR for the public listed companies should be shorten when considering that the advancement of the technology in the accounting field.

China company buying HY just not solely on profitability alone because the refinery can support the supply of fuel/energy for the consumers back in China. It could be either for their economy/political strategy reason. Likewise, when the cargo ship travelling back from the Africans continent, ports (at Sri Lanka, South China Sea, Melaka, Djibouti) are important for the stop-overs so there are refill and repair facilities can be provided during their journeys.

Anyway, without profit, HY can not be operating in the long run. So, the management must also making sure the operation/refinery is sustainable through profitable business in one hand and fulfilling the other strategic reasons for China.

The coming QR should be interesting for the many investors.

Sufferings in this world is to clean the impurities in our souls.

lawsuits, financial losses, hospitals, sickness, disobedient children, divorce, inflation, unemployment, high national debts, bankruptcy...

Genesis - NIV

Genesis 2 -
7 Then the Lord God formed a man from the dust of the ground and breathed into his nostrils the breath of life, and the man became a living being.

The Lord is the Giver of Life, He breathed into Adam, the breathed of Life, then Adam became human and alive.

The souls belong to the Creator. Remove the souls, we are the dead bodies and lifeless. The souls control the movements of our hands, legs, muscles...

The sufferings in this world are better than the torture in the world after.
When the Lord to recall our souls, the souls will be returned to Him as clean as when given during the child births.

Deeds are contagious.

Do bad things, the rest will respond with bad things.
Do good things, every one will follow.
A person's characteristic is dependent on the environment he/she is growing up.

When inspiring people to do good things, the reward at the End is huge.
The End is referring to the Life in eternity which is not in this world.

The PE of this counter is less than 2.

1. Looking at the current war in Ukraine and the possibilities of spreading the conflict to the nearby lands (like Lithuania and could be few others), how Russia may have to attack Israel and lead to the fulfillment of the prophesies in the Bible (Ezekiel 38:14-16) will be very scary.

So far, Israel did not get involve in the Ukraine war but not sure when come to Lithuania because Lithuania may seek Israel help like President of Ukraine did.
2. Few conflicts may be needed to take place, so that could lead to the the involvement of Israel towards Russia (land from the far north, Moscow is far north from Jerusalem). Russia will have to attack Israel then?


3. On the other side, Iran's nuclear facilities/the advancement are helped and are still supported by Russia. Israel committed to avoid Iran from getting a nuclear bomb at all cost and Iran had recently blamed Israel for the killing of numerous important people in their military advancement. Likely, Russia will defend Iran like Syria if it is attacked by another or Israel.

1. Following the opening of the borders at the end of March 2022 for travelers after uplifting the restriction from the COVID19, the demand for the fuel/oil from many countries were surging to the level of pre-pandemic. The price of oil has increased a lot since then.
2. Those countries like the Saudis or Russia have been making huge profit presumably and therefore Russia has got their currency (Ruble) even better than before the war. The Saudi king had refused to kind of cooperate with the US government to deal with the oil production and the prices.
3. The profits for even the Refinery will be tremendous because of the larger demand of oil, the production volume and the higher margin of profit especially during the period of APRIL, MAY and even JUNE 2022. These periods of time are forming the coming QR of HY.

NTA evaluation is not factoring in any potential profit or losses of the company. Instead, the NTA is based on the existing value of the company and the capability of the company to reimburse each share at the least in the event of dissolution after liquidating all the assets and discharging all the liabilities in the Balance Sheet.

In the the case of HY, the NTA is calculated at RM6.60 at least else I would have been misguided by the report.

Those who has sold above RM7.00 not long ago, can buy now generously without bargaining at all.

1. When buying a house/building, the important factor for the consideration is the Location.
2. When buying stock and shares, the important factor is the Timing.

If the cut loss transaction was done at RM5.50 last week, the same investors can buy now to get back the same quantity of shares at a lower price thus making the total cost of investment cheaper.

Those who bought yesterday at RM4.40/share could have timed their entry correctly.

The prices are dependent from the factors of demand and supply.
Whenever the supply (selling) of the stock is greater than the demand, ceteris paribus, the price of the stock will be depressed. On the contrary, the price will be increased whenever the demand is greater than the supply.

However, the supply of the stock could be manipulated or under panic selling at certain events/circumstances and therefore the price of the stock may not reflect the reasonable market value.

Thks Mr OTB.

Dear Mr OTB,

Assuming I am having the Controlling stake of a company, respectfully, I can assure you that nobody can insult the share price of my company when in fact it is RM6.60 instead of RM4.60 only.

Let's see if the Management of the company got any comment later in the day...

On 26 DEC 2016, Shell announced the completion of the sale of 51% in the business to HY.


https://www.thestar.com.my/business/business-news/2017/02/06/shell-refining-seeks-name-change-to-hengyuan-refining-co-bhd

In the AR for 31DEC2021 published on 26APR2022, the total of 68% of the shareholdings were reported in the List for the top 30 Shareholders.

The remaining 32% is undoubtedly being held among the small holders like any of us.

The controlling stake of 51% of the issued shares is securely held with the following:-

1. Rhb Nominees (Tempatan) Sdn Bhd
Malaysia Hengyuan International Limited
113,701,002 37.900%

2. AMSEC Nominees (Tempatan) Sdn Bhd
Pledged Securities Account - Ambank (M) Berhad for Malaysia Hengyuan
International Limited
39,368,000 13.122%

The business takeover is rather for reason of the long-term geopolitical strategy for China in terms of the energy supply than profit maximization alone. Likely, plenty of the refined oil will be exported back to China even though those crude oil are arrived from the Middle East. It really make sense that only the ready to be used oil should be shipped back to China and already being processed at Port Dickson.

The NAT now is RM6.60 a share and the Management should not be able to bear too much the gap between the market value and the book value.

Numbers 20
New International Version
Water From the Rock -
6 Moses and Aaron went from the assembly to the entrance to the tent of meeting and fell facedown, and the glory of the Lord appeared to them. 7 The Lord said to Moses, 8 “Take the staff, and you and your brother Aaron gather the assembly together. Speak to that rock before their eyes and it will pour out its water. You will bring water out of the rock for the community so they and their livestock can drink.”

9 So Moses took the staff from the Lord’s presence, just as he commanded him. 10 He and Aaron gathered the assembly together in front of the rock and Moses said to them, “Listen, you rebels, must we bring you water out of this rock?” 11 Then Moses raised his arm and struck the rock twice with his staff. Water gushed out, and the community and their livestock drank.

12 But the Lord said to Moses and Aaron, “Because you did not trust in me enough to honor me as holy in the sight of the Israelites, you will not bring this community into the land I give them.”

SO, Aaron was with Moses. Aaron did not tell the people not to aggravate against Moses, Aaaron did not caution the people, in a way had kept silent, also "kena" from God, can not cross the Jordan. Moses, kena maximum, instead of speaking to the rock, he struck at the rock, go against the Lord. Moses was pressured, less faith, went against the Lord, he was not allowed into the Promised Land.

Psalm 39:2
For the director of music. For Jeduthun. A psalm of David.

2. So I remained utterly silent,
not even saying anything good.
But my anguish increased;

Accordingly, if you chose to remain silent...

And in Psalm 32:5 - 5 Then I acknowledged my sin to you
and did not cover up my iniquity.
I said, “I will confess
my transgressions to the Lord.”
And you forgave
the guilt of my sin.

- Then, King David admitted his sins and DIDN'T cover his iniquity.

Is wrong, IF you did not alarm others or let them to buy at the peak...

True also. You have the point.

With the advent of the technology, this 2 months grace period for reporting the QRs of the companies can be shorten.

The total assets between 31DEC2021 and 31Mar2022 , has improved from RM5.48b to RM7.38bil and the NTA a share stands at RM6.60 only. Mind boggling...

Probably the QR shall be disclosed not later than 2 months after the closure of the accounts. The QR for 31 March was disclosed on 30 May, in time anyway.

Could it that this QR which ending March 2022 was taken unexpectedly that the EPS was reported with 15.82 sen only instead of much higher.

The war started in Feb. The QR ending 30 JUNE could give a better result when the oil prices were very good during this period.

transacted as high as RM7.70 on 19 May, just about a month ago, now valued at RM4.94, lessen by RM2.76 only. That is about 35% roughly. Big losses.

1. Fiscal Policy - Fiscal policy addresses taxation and government spending, and it is generally determined by government legislation.
2. Monetary Policy - Monetary policy addresses interest rates and the supply of money in circulation, and it is generally managed by a central bank (such as our BNM).

BTW, the father-in-law of Moses is Jethro.

Exodus 18 -

Jethro Visits Moses

7 So Moses went out to meet his father-in-law and bowed down and kissed him.
(Do we kiss our fathers-in-law?)

Jethro suggested to Moses to delegate his heavy duty alone to his people..

14 When his father-in-law saw all that Moses was doing for the people, he said, “What is this you are doing for the people? Why do you alone sit as judge, while all these people stand around you from morning till evening?”

15 Moses answered him, “Because the people come to me to seek God’s will. 16 Whenever they have a dispute, it is brought to me, and I decide between the parties and inform them of God’s decrees and instructions.”

17 Moses’ father-in-law replied, “What you are doing is not good. 18 You and these people who come to you will only wear yourselves out. The work is too heavy for you; you cannot handle it alone. 19 Listen now to me and I will give you some advice, and may God be with you. You must be the people’s representative before God and bring their disputes to him. 20 Teach them his decrees and instructions, and show them the way they are to live and how they are to behave. 21 But select capable men from all the people—men who fear God, trustworthy men who hate dishonest gain—and appoint them as officials over thousands, hundreds, fifties and tens. 22 Have them serve as judges for the people at all times, but have them bring every difficult case to you; the simple cases they can decide themselves. That will make your load lighter, because they will share it with you. 23 If you do this and God so commands, you will be able to stand the strain, and all these people will go home satisfied.”

24 Moses listened to his father-in-law and did everything he said.

The principle of delegation in a society/organization was firstly learned from Jethro..