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Author: Sslee   |   Latest post: Sat, 15 Jun 2019, 11:40 PM

 

Question for upcoming Sixtieth Hengyuan AGM on 28th May 2019

Author:   |    Publish date:


Dear all,

I had prepared 11 questions for the upcoming Sixtieth Annual General Meeting of Hengyuan Refining Company Berhad (the Company) to be held at Nexus Ballrooms 1 & 2, Level 3A, Connexion Conference & Event Centre, Bangsar South City, No 8, Jalan Kerinchi, 59200 Kuala Lumpur on Tuesday, 28 May 2019 at 10.00 am. Free to comment and add your questions before I send these questions to Hengyuan IR on 20/5/2019.

Thank you

Refer to answer given to me on my last year questions 5&6:

Our purchases can range between 300,000 to 1 million barrels. The typical, crude prices are benchmarked against dated Brent, dated Dubai or crude oil official selling price. The final agreed price will include a premium/discount to the benchmark.

Question 1: Please mark/indicate crude oil agreed purchase price and date of purchase against the background Brent Oil Price (Jan-Dec 2018) show in Annual report 2018 page 34: Performance review 2018.

Question 2: Please explain how many of your crude oil agreed purchase prices are at premium or discount to the Brent Oil price benchmark and reasons for premium/discount?

 

 

Unaudited

Unaudited

Unaudited

Unaudited

 

Q1

Q2

Q3

Q4

 

31.03.2018

31.06.2018

31.09.2018

31.12.2018

 

RM’000

RM’000

RM’000

RM’000

Revenue

       3,060,784

     3,599,952

     2,067,137

     2,513,364

Purchases

      (2,887,057)

    (3,303,625)

    (2,062,387)

    (2,594,760)

Gross profit

          173,727

        296,327

            4,750

         (81,396)

Sales volume (million barrels)

10.2

10.8

5.9

8.2

Average sales price (USD/barrel)

76

84

84

72

Purchase volume (million barrels)

 

 

 

 

Brent oil average (USD/barrel)

 

 

 

 

Question 3: Refer unaudited quarterly report. Please give the purchases volume and average Brent oil purchased price for each quarter?

Question 4: If benchmark against PetronM quarterly Average Brent oil purchased price period Q1:Q2: Q3: Q4 of USD/barrel 67: 74: 75: 67. How Hengyuan quarterly Brent Oil average purchased performance: Underperform/over-perform and reasons why?

Bursa company announcement dated: 16 Jan 2019

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6037181

Full Fund Release of USD66.40 million for the H2GEN Project. The H2GEN Project is undertaken to supply the refinery with 30 tonnes/day of hydrogen for hydro desulfurization unit#2 and the extractive desulfurization hydro-treating process to meet the 10ppmw sulphur specification. The H2Gen Project is expected to start up in September 2020 to coincide with the Euro5 gasoil legislated date.

Refer link: https://www.gasworld.com/big-to-begin-construction-of-second-h2-plant-/2016324.article

The ฿500m (Thai Baht) ($16m) investment will emphasise BIG’s role as Thailand’s largest H2 gas producer, supporting the growing industry, in particular, the petrochemical and refinery sectors. The H2 plant will be constructed using advanced technology from the US and will produce 12,000 tonnes of H2 per annum at full capacity. The plant construction is scheduled to complete in Q4 2019.

Refer annual report 2018:  Page 39: H2GEN reached a Final Investment Decision in November 2018 and is also well on schedule to complete on time. The Euro 5 Gasoil scope has been extensively reduced with considerable capital savings and the scope is now small enough to be managed”

Page 44: “During MTA 2018, we completed all tie-ins necessary for the H2GEN Project commissioning and startup. The Natural Gas supply was awarded to a local supplier and the term sheet signed in December. The project has been approved and was awarded to an EPCC contractor to design, procure, construct and commission the unit. First production is due by September 2020, in line with Euro 5 Gasoil Project specification date.”

Question 5: What is the necessary for an EPCC contractor when you can purchase H2 plant from many well established H2 plant suppliers? https://www.mahler-ags.com/hydrogen/hydrogen-production-plants/

Question 6: Please give project cost break down for this H2GEN EPCC contract and explain why total cost is USD66.4 million when BIG in Thailand only need an investment of USD 16 million for a slightly bigger capacity H2 plant?

Question 7: Please confirm by Q1 2020 Hengyuan able to produce Euro 4M & Euro 5M Mogas and by Sept 2020 Euro5 gasoil with no significant addition Capex for this Euro5 gasoil.

Bursa company announcement dated: 02 Nov 2018

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5964569

Separately, the Board of Directors approved an increase in funding of USD76 million for the Euro 4M Mogas project (“Project”), bringing the total investment to USD211 million +/- 10%.

The additional capital expenditure will be used to expedite long lead and additional equipment for a larger scope of activities and to upgrade the Project to deliver refining capability for the production of both Euro 4M and future Euro 5M mogas specifications when required. HRC anticipates completion of the upgraded Project by Quarter 1, 2020.

Bursa company announcement dated:  16 June 2017:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5462417

The Euro 4M plant is an integrated complex, which has been designed to desulphurise the full range Cat Cracked Gasoline (CCG) produced by our Long Residue Catalytic Cracking Unit (LRCCU). The design uses a combination of hydro-processing and liquid-liquid extraction technology, commercially proven and licensed by reputable technology licensors. The plant will have a capacity of 1.15 million tonnes per annum. This investment ensures HRC is well placed to meet the Euro 4M mogas specifications mandated by the Malaysian regulatory authorities by 1 October 2018.The Euro 4M plant can be further upgraded to produce Euro 5M mogas when the specification change is mandated, which is expected to be from 2025 onwards. The Total Investment Cost for the project is USD135 million +/- 10 %

Question 8: Please explain why an upgrade from Euro 4M to Euro 5M mogas will cost another addition USD 76 million a 56.3% of total Euro 4M investment?

Question 9: Why invest now when Euro 5M mogas specification change is mandated, which is expected to be from 2025 onwards?

Refer answer given to me on last year question 41: Yes, Hengyuan can claim compensation from manufacturer, if manufacturer delivered later than committed delivery date in the contract

Question 10: Did Hengyuan claim any compensation for late delivery on Euro 4M project?


Bursa company announcement dated: 05 Sep 2018

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5906633

The CAR Project is undertaken to ensure that the refinery’s emissions comply with the Clean Air Regulation (“CAR”) requirements mandated by the Malaysian regulatory authorities via the installation of air pollution control systems at the Long Residue Catalytic Cracking Unit and Plat-2, and an emission monitoring system on HRC’s flue gas stacks. The Total Investment Cost for the CAR Project is estimated at USD48 million.

Refer sustainable report 2018 Gas Emissions: HRC undertook an independent assessment conducted by SIRIM QAS International Sdn Bhd in February 2019 to verify the Company’s GHG emissions in 2018. The audit was successfully completed as per ISO 14064, with many positive observations highlighted, including the use of consistent GHG methodology, appropriate calculation methods, reliable raw data source and secured documentation.

In 2018, SOx emissions decreased by 38.9 per cent at 2,669 tonnes SOx-eq. as compared to 4,367 tonnes SOx-eq. Our nitrogen oxides (NOX) emissions of 414 tonnes in 2018 were 29.7 per cent less than 2017’s emissions of 589 tonnes.

Question11: Is Hengyuan current refinery’s emissions comply with the Clean Air Regulation (“CAR”) 2014? If complied then why need CAPEX of USD 48 million for CAR project?

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Labels: HENGYUAN

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Chart Stock Name Last Change Volume 
HENGYUAN 5.28 -0.06 (1.12%) 109,900 

  2 people like this.
 
qqq3 knowledge is not skill

skill is habit, repetitions, character, critical thinking, reflections..........and yes, the ability to make things simple, not more complex.
18/05/2019 1:02 PM
Sslee Dear all,
Some people think that the truth can be hidden with a little cover-up and decoration. But as time goes by, what is true is revealed, and what is fake fades away.

If you are truly a seeker of truth, truth cannot hide from you because you won’t stop asking questions until the truth is told.

Thank you
18/05/2019 1:35 PM
qqq3 sslee.....its share market......what truth u want?

make money happy, lose money sad.....that is the only truth ......
18/05/2019 1:46 PM
qqq3 after the 11 Q and A, u are no closer to making the right choice, ....now...that is some truth for u......
18/05/2019 1:51 PM
Sslee Hahahaha,
Quack accountant after 3 long years promoting JAKS and SENDAI with “Sailang” and margin finance, you still have no idea what happen to your ass when you behave like ostrich bury your head in the sand and get fucked in the ass by ALP & TSN. Still no questions ask and no closer to know what happening. That is the truth for you
Want me to attend JAKS and SENDAI AGM to seek the truth and justices for you? LOL
18/05/2019 3:17 PM
ks55 See how BOD bullshit in AGM.
Many years ago, same chairman asked a retired gentleman 'Do you still have confidence in me?', that gentleman said 'yes Tan Sri!'. And subsequently that blind gentleman lost all his saving............



https://klse.i3investor.com/servlets/forum/600207088.jsp
18/05/2019 4:28 PM
ks55 KYY also attended Xinquan AGM before, only to learn a bitter lesson........
18/05/2019 4:29 PM
qqq3 sslee

stock market not for u.....go join Justice League, dreamer......
18/05/2019 4:32 PM
ks55 Lesson learnt -- If you have no confident in BOD, vote with your legs.
Never be misled again, and again, and again again by sweet talk in AGM before conman as Managing Director...
18/05/2019 4:32 PM
qqq3 sslee........u are a novice...the directors in AGM lives and breathes the company...its an asymmetric relationship......Go AGM of lousy companies get con got lah.......
18/05/2019 4:34 PM
ks55 Conman is always a conman.
He cheats once, he can cheat second time.

He can cheat with open book.
He can cheat in Q&A in AGM......
18/05/2019 4:34 PM
qqq3 Hengyuan....its all about reflections , nothing to do with 11 arrows.

Just go ask yourself ( no need ask directors)....

1 can HY be competitive against RAPIDS coming online soon?
2 if not, why Shangdong buys into HY?

my answer....no need directors.......Shangdong is a teapot refinery in China subject to China rules and prices. It is advantageous for them to have alternative production facilities in Malaysia . Its called diversification. The refined products will eventually be send back to China together with transfer pricing. It is not to give dividends to u idiots.
18/05/2019 4:49 PM
3iii SSLee

Listen to the wise words from qqq3 on Hengyuan.
18/05/2019 6:39 PM
Sslee Dear KS55
I still remember you are the one who advice me how to prepared a written questions to ask CEO during AGM when I first come to i3 seeking for help as I prepare to attend my first ever Xingquan AGM in 2016 and unearth the truth.
So here is the truth:

https://www.sc.com.my/news/media-releases-and-announcements/sc-reprimands-three-china-based-companies-and-says-retention-of-four-directors-prejudicial-to-public-interest

Many big thanks to you. I am able now with the help of SC and Bursa to unearth the truth and put those conman CEO out of business and on the run from the law.

Thank you
18/05/2019 7:03 PM
Xinquan How long must Xinquan must continue to suspend? Dare to ask in coming AGM?
18/05/2019 7:06 PM
Xinquan Why when bankers(SC, Bursa included) approved Xinquan for IPO got mentioned risk of long suspension?
18/05/2019 7:09 PM
qqq3 It takes all types....bottomline......sslee, u are just a trouble maker, that is all.
18/05/2019 7:12 PM
newbie4444 Meaning many was conned(incl KYY, SS Lee?) by fake financial statements Xinquan issued early after IPO?
18/05/2019 7:15 PM
Sslee Dear 3iii,
I am dead against quack accountant because he is what he is: a
Bold –Faced Liar
Narcissistic Liar
Pathological Liar
Compulsive Liar
Sociopath Liar and gibberish/treacherous/danger to i3community

And here you are asking me to “Listen to the wise words from qqq3 on Hengyuan” and not asking him to attend JAKS and SENDAIAGM to ask ALP and TSN what they had done to his ass?

Are you hypnotized by Quack doctor?

Thank you.
P/S: I had sold-down my holding on Hengyuan and now only have 1000 units to qualify myself to attend AGM and will make my investment decisions after getting to know the BOD deeper.
18/05/2019 7:16 PM
newbie4444 If BOD issued fake QR we retailers cannot do anything dare to ask in AGM?
18/05/2019 7:17 PM
qqq3 I very kind...just telling people to forget this novice sslee.
18/05/2019 7:19 PM
Sslee Hahahaha,
I am also very kind just telling people this quack accountant is: a
Bold –Faced Liar
Narcissistic Liar
Pathological Liar
Compulsive Liar
Sociopath Liar and gibberish/treacherous/danger to i3community
Avoid him like a plague
18/05/2019 7:32 PM
Sslee Dear Xinguan,
Xingquan is a gone case. What I can do is as follow:
Dear Aduan Duty Officer,
Consumer & Investor office
Securities Commission Malaysia
Case Reference: [Case: SC2019-3819]

I had written an article in my i3investor blog:
https://klse.i3investor.com/blogs/Sslee_blog/204216.jsp
How to make Bursa Malaysia the choice of investor and capital market?
Author: Sslee | Publish date: Sat, 27 Apr 2019, 10:07 PM

In the article I wrote: In stocks market investing, the caveat emptor concept of contract law was forced onto ordinary investors that places the onus on the ordinary investors to perform due diligence before making transactions knowing very well that ordinary investor are subjected to information asymmetry hazard. (Poor quality of disclosure provided by the listed company and poor due diligence by Investment banker)

This asymmetry creates an imbalance of power in transactions, which can sometimes causes the transactions to go awry, a kind of market failure in the worst case involve insider fraud, accounting fraud, insider trading, IPO/RI promoter/underwriter (Investment bank failure in their due diligence), pump and dump and etc.

In Malaysia, Bursa Malaysia is mandated to operate the stock exchange as a commercially driven, public-listed entity. It is also mandated by Listing/Regulation/Disclosure Act as the front-line market regulator policing public-listed companies and market intermediaries. Perhaps these two mandate clash and give rise to conflict of interest as many of Bursa’s decisions on approval, suspension, delisting and waive seem indulging in excessive corporate abuse for the benefits of controlling shareholders.

On the other hand, SC is mandated under CAPITAL MARKETS AND SERVICES ACT 2007 to initiate investigation and prosecute offender under the Act, are normally will act only if investing public make complaint with some initial evident of offenses committed by the offenders.

In order to make Bursa Malaysia the choice of investor and capital market something need to be done by Bursa and SC to ensure high level of trust and integrity among their public-listed companies and to be seen in going after those who break the rules with the full force of the law. Only then the confident and the crowd will return. As an investors what we can do now while waiting for the confident to return is to attend AGM and demand good governances and transparency from the BOD.

https://www.sc.com.my/news/media-releases-and-announcements/sc-reprimands-three-china-based-companies-and-says-retention-of-four-directors-prejudicial-to-public-interest
On the above case may I asks?
Question 1: In view of seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law. Has SC make an extradition request with China government to extradite these China citizens to stand trial in Malaysia Court?

Question 2: Is SC intends to cite CMSA 2007 section 358 (1) The Commission may, if it considers that it is in the public interest to do so, recover on behalf of a person who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution.
To initiate a civil class action against those red chip companies CEO or IPO/RI underwriter/promoter (Caveat venditor) in breach of trust/gross negligence/failure in their due diligence duty in promoting and listing these dubious red chip companies in Bursa?

Thank you
18/05/2019 7:41 PM
(US/CHN trade war doesn't matter) Philip Hi sslee, I think you are going about investing in the wrong way. I must admit I have only been to 4 agm (BRK 2 times, PBB and QL) in my entire life, and that was because my wife wanted the free gifts (and holiday in Nebraska and visit my daughter).

Warren buffett has bought entire companies without even meeting the directors or visiting the companies.

I have come to believe the reasons are very simple.

Do the simple things, the most efficient and easy to achieve.

Dont waste your time and money buying microcaps, or betting on companies with "potential" to make big bucks. Just concentrate on the sure things, the least risky options which are profitable and even idiots can understand what they are doing.

Those who don't know how to evaluate risk, they buy JJPTR, Swiss gold, five element coin, forex, etc etc only thinking about big profit etc.

Those who know how evaluate risk, will benchmark everything versus the 4% fixed deposit, and find the business with the highest upside versus the lowest downside.

Hengyuan YOU know is now a company owned by china company (same like xinquan) with their own agenda and their own plans. Any returns or profits will be on their terms, not yours. Their goals (like xinquan) may not coincide with yours.

Their valuation was done at 51% bought from shell at 66.3 million USD February 2016. This must be the benchmark upon which your valuation of hengyuan must begin as well. When they bought over the controlling rights, the "story" was that hengyuan would be able to upgrade and complete the transition of the shell refining plants at a far cheaper cost than Shell itself could do, and comply with all the regulations.

But why jump so high and take so much risk to understand a complicated business? Invest in low hanging fruit with low chance of failure, with a acceptable profit benchmarked on the risk (and the historical growth, debt, management).

Big bets on greedy companies with big short term profits (and even higher underlying risk) will just result in tears.
18/05/2019 8:29 PM
Sslee Dear Philip,
Your advice well noted. That is why I am buying PChem and Timecom (Choivo’s choice of great company) intend to top up every quarter.
https://klse.i3investor.com/blogs/Sslee_blog/196085.jsp
Extract from my blog: Investment Bloggers day: I3
Author: Sslee | Publish date: Sat, 2 Mar 2019, 10:26 PM

I am promoting shareholders activism: Shareholder activism is not a privilege - it is a right and a responsibility. When we invest in a company, we own part of that company and we are partly responsible for how that company progresses. If we believe there is something going wrong with the company, then we, as shareholders, must become active and vocal- Mark Mobius.

I admire Jack Ma priority “Customer first, Employees second and Shareholder third”.
Without customer there will be no sales. Without employees there will be no product for sales. Without shareholders fund there will be no capital to employ employees to make product. Or in other words as long as customers is happy (Buy more), employees is happy (produce more efficiently) then for sure business will grow and shareholder will enjoy the dividend/share price appreciation and proud to be part owner of such a wonderful company. (Ask Jonny English to explain what a wonderful company is?)

But in Malaysia I am very sad that some of the CEO of public companies are self serving in dipping their hand into the cookies jar, treating the company as their own private piggy bank and their priority is Me first, Me second and Me third.

Nothing destroy the share value of the company faster than a self serving or a conman CEO and many people lose his/her life saving and some even commit suicide because of insider con job/scam. The conman/scammer get away with murder because good man do nothing until when the victim is his own family member or close friends then only they regret not doing something to stop or expose the scam.

We as minority shareholders are perfectly capable and able to stop it before it happen if we just care to attend AGM ask the hard questions and hold the BOD and external auditor accountable. Follow up and report any irregularities/red flags to SC/Bursa.

Do not live a life of regret, remorse and guilt like spider man (Peter Parker) due to his selfish misjudgment and let go a robber that he can easily caught, who later turn up as murderer of his Uncle Ben. Knowledge is power and with great power come great responsibility.

Thank you
18/05/2019 8:52 PM
3iii >>>

SSLee

Thank you.
P/S: I had sold-down my holding on Hengyuan and now only have 1000 units to qualify myself to attend AGM and will make my investment decisions after getting to know the BOD deeper.

>>>>



What a waste of your time to attend an AGM of Hengyuan holding 1000 shares. (Unless you are thinking of buying more shares after the meeting.)

Looks to me, your opportunity cost to attend an AGM is rather low.

I have never been able to justify attending AGM, kept away by my very high opportunity cost. I often get my proxy or beg someone to be my proxy to attend and then update me on the meeting. Of course, it is not the same as attending the meeting yourself but it is just too costly to attend! :-)
18/05/2019 9:17 PM
Sslee Dear 3iii,
I take is as social services, social event and opportunity to met many other shareholders and also the management team/BOD/Auditor

Thank you
18/05/2019 9:25 PM
calvintaneng see this


Ooi Teik Bee Posted by stncws > May 17, 2019 10:08 PM | Report Abuse

OTB says he met management. and knows right issue..and still aks people buy..His knowledge of stock trading is Zero

Ans :
FYI, my ROI is 100% return dated 6/5/2019.
I have special skill whereas you do not have.
Show me your record that you are better than me.
17/05/2019 10:12 PM


WAHAHA!

OTB SAID HE MADE 100% BY MAY 6TH 2019 THIS YEAR

SORCHAI PHILIP AND DINOSAUR 3iii MADE NOTHING BUT LOSSES SO FAR: BOTH STUCK IN QL = QUICKLY LOCKED UP

TELL YOU GUYS ONE BIG BIG SECRET

ONLY CALVIN & BUDDIES CAN BEAT OTB 100% THIS WONDERFUL BULL RUN YEAR

YIPPPPPPPPPPPPPEEEEEEEEEEEEEEE WAHAHA!!!
18/05/2019 9:44 PM
(US/CHN trade war doesn't matter) Philip very nice calvin. I have a portfolio on i3 that I keep up to date and have been updating the latest on 2019 on i3investor. I have been stuck in QL since 2009. May I see your 100% portfolio? you keep promoting stocks, I forget which you hold and which you sell.

Or are you like judas? All words and no determination?
18/05/2019 10:02 PM
(US/CHN trade war doesn't matter) Philip OTB has a record, calvin. Do you?

>>>>>>

FYI, my ROI is 100% return dated 6/5/2019.
I have special skill whereas you do not have.
Show me your record that you are better than me.
17/05/2019 10:12 PM
18/05/2019 10:03 PM
3iii >>>


Sslee
1179 posts
Posted by Sslee > May 18, 2019 9:25 PM | Report Abuse

Dear 3iii,
I take is as social services, social event and opportunity to met many other shareholders and also the management team/BOD/Auditor

Thank you

>>>>





Don't waste your time.

Stay focus and concentrated.

Do what is important, knowable and relevant.

As qqq3 said, even after the AGM, you may not be wiser.
19/05/2019 8:31 AM
3iii Calvin

By the end of this August (3 months period), I guess you might have recommended another 50 stocks. You too will gloat with us in this forum the many penny stocks you recommended a decade ago, telling everyone the 100% and 200% or higher gains of your superb stock recommendations.

Please be honest, genuine and at least has some credibility.

I am honest, sincere and careful in my appraisal of the postings in i3 and comment appropriately, with very little or no bias.
19/05/2019 8:38 AM
stockraider SSlee is doing the right thing, whats wrong attending the agm & query the directors leh ???

Beside knowing about the business of the company. u improve your business knowledge too mah....!!

Hengyuan is actually doing well loh....if u have listen to raider latest last call to buy hengyuan at Rm 5.00, a few months back would have already make 20% loh....!!

The crucial question is should u buy more or just sell or hold leh ?....the Agm can be the answer to your critical question loh....!!

SSlee this is great work....by posing these difficult questions to the directors loh....!!
19/05/2019 10:19 AM
(US/CHN trade war doesn't matter) Philip Welcome back stockraider. Everything ok? How is your health?
19/05/2019 10:22 AM
stockraider JUST GONE FOR A LONG OVERSEA HOLIDAY MAH....!!

Posted by (US/CHN trade war doesn't matter) Philip > May 19, 2019 10:22 AM | Report Abuse

Welcome back stockraider. Everything ok? How is your health?
19/05/2019 10:31 AM
calvintaneng Sifu stockraider is smart.

May is a go away month

I also gone cruising on Royal Caribbean voyager of the sea from Singapore to Phuket for 5 great days.
19/05/2019 11:16 AM
(US/CHN trade war doesn't matter) Philip Sorry Calvin, I'm not interested in knowing the lives of frauds who lead innocent people to hell.
19/05/2019 11:23 AM
calvintaneng Calvin = Call win

Call to buy Naim at 50 sen
Carimin at 39.5 sen
Buy azrb at 34.5 sen
Call to buy lafarge at Rm2.25

So many good buy calls

Only Sorchai Philip with green eyes monster and forked tongue devil is so stupid to see
19/05/2019 11:39 AM
i3Value Sslee The Weirdo strikes again!
19/05/2019 11:40 AM
i3Value Kakakakaka. I like this

—————

qqq3 sslee

stock market not for u.....go join Justice League, dreamer......
18/05/2019 4:32 PM
19/05/2019 11:41 AM
Sslee Dear 3iii,
My upbringing taught me to seek the truth, speak the truth (even against my own vested interest), integrity, be compassion, be fair, voice for the voiceless, fight for justices and be selfless and give back to society.

Respectfully, I am dumbfounded that an intellect like you are prepared to spend hours inside you own ivory tower, wrote beautiful and intelligent investment thesis quoting all the famous guru of investment. But are so full of yourself and unbelievable selfish to consider attending AGM and asking hard questions to BOD as “Don't waste your time. Stay focus and concentrated. Do what is important, knowable and relevant. As qqq3 said, even after the AGM, you may not be wiser.”

Just tell me frankly how to be wiser if you stay in your cocoon and not asking any questions but bury your head in the sand and get fucked in the ass like quack accountant in JAKS and SENDAI?

I repeat” AGM is the only time a shareholder gets to meet the CEO, Board and management face to face and get their questions heard. I don't see what the problem here. Unless of course you have zero curiosity towards the business, but masturbates thinking about your wonderful earning projection and TP that will be shown to be absolutely pointless when compared to the actual results.”

I rest my case. To each his own

HAPPY WESAK DAY
Words have the power to both destroy and heal.
When words are both true and kind, they can change our world for the better.

So forgive me for my cruel words. I have to be cruel to be kind. “Om mane padme hum” May the Buddha in us all rise and shine

Thank you.
P/S: Welcome back stockraider. We are actually getting worry about your where about.
19/05/2019 12:48 PM
qqq3 Posted by Sslee > May 19, 2019 12:48 PM | Report Abuse

Dear 3iii,
My upbringing taught me

============

whatever your upbringing teach u also useless when u keep doing the wrong stuffs.....and bad judge of stuffs/ people......
19/05/2019 12:54 PM
stockmanmy d by Sslee > May 19, 2019 12:48 PM | Report Abuse

get fucked in the ass like quack accountant in JAKS and SENDAI?
========

u give me too much credit......if anybody get..it is due to KYY writings , not my writings......I just helping out a friend, some times.....

qqq cannot post this...got verify email message.
19/05/2019 1:05 PM
3iii >>>
Stock: [GKENT]: GEORGE KENT MALAYSIA BHD

Apr 16, 2019 4:14 PM | Report Abuse

General Raider has Sold Gkent at Rm 1.26 and take profit loh....!!
A return close to 40% consider very good loh.....!!
Furthermore share price weakening loh....!!

The ECRL whether gkent will definitely get anything is uncertain loh...!!

If it go down below Rm 1.10 maybe raider will consider jump in again loh....!!
<<<


This was the last post of raider in his archive.

What has happened to all his posts from then till today, 24/4/2019?!

>>>>





Raider behaved strangely and disappeared from this forum.

He deleted his posts from 16th April to 24th April 2019.

Perhaps, he was too embarrassed to face these posts for obvious reasons.

They exposed his indiscipline and Mr Market behaviours too glaringly.
19/05/2019 2:08 PM
3iii >>>


Sslee
1180 posts
Posted by Sslee > May 19, 2019 12:48 PM | Report Abuse

Dear 3iii,
My upbringing taught me to seek the truth, speak the truth (even against my own vested interest), integrity, be compassion, be fair, voice for the voiceless, fight for justices and be selfless and give back to society.

>>>>




SSLee,

If you re-read all my posts that refer to your investing (nothing personal, just commenting on your investing), you will realise I am direct and speak truthfully and sincerely.

You should reasssess your investing philosophy and strategy for your next 25 years of your investing time horizon


For a start, abandon the otb, kyy, raider and calvintan approaches. Develop for yourself a safer and sounder strategy to fit your personality.

Otherwise stay away from the stock market the next 12 months and spend your time acquiring a sound investing education. Perhaps, be a student under KC may be a good decision.
19/05/2019 2:17 PM
calvintaneng TRUTH IS OUT

3iii has destroyed investlah

Last investlah ranked about 1,000 (one thousand)

Now after 3iii damnable non stop postings on overvalued dead blue cheat stocks investlah has dropped to 1,686,926 positions

This is a very horrible drop to behind 1 million search engines in Malaysia

See
https://investlah.com.websiteoutlook.com/

Calvin has helped i3 ivestor forum to be in Top 50 search engine

See
https://www.alexa.com/topsites/countries/MY

Now that investlah has been destroyed by 3iii he is here to do same damage to your financial well being

ALL BETTER WAKE UP!!
19/05/2019 2:21 PM
qqq3 Posted by 3iii > May 19, 2019 2:17 PM | Report Abuse

Sslee
Perhaps, be a student under KC may be a good decision.
===========

really meh?

what I think? this sslee no hope already....throw into dustbin.
19/05/2019 2:27 PM
3iii http://www.investlah.com/forum/index.php/topic,80044.msg1567280.html#msg1567280

Posted by calvintaneng > May 19, 2019 2:21 PM | Report Abuse

TRUTH IS OUT

3iii has destroyed investlah
19/05/2019 2:30 PM
qqq3 Posted by 3iii > May 19, 2019 2:17 PM | Report Abuse

Sslee
Perhaps, be a student under KC may be a good decision.
==========

careful scrutiny of the balance sheet can say a few more No......but seekers of quality can already say No to many already.....

besides, to make money is a different set of skills........
19/05/2019 2:32 PM
qqq3 a lot of making money is about common sense, timing, luck....and how focused......

take KYY for instance, happy and positive...in good time 400% in 12 months is achievable.......
19/05/2019 2:38 PM


 

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