Posted by mokluhanj21 > Sep 21, 2021 3:18 PM | Report Abuse

OK thank you. btw, hoping Tenaga go to 9...need the dividends for old age :/

Posted by kong73 > Sep 21, 2021 4:42 PM | Report Abuse

https://www.theedgemarkets.com/article/evergrande-woes-hit-japans-toilet-airconditioner-and-paint-manufacturers#:~:text=TOKYO%20(Sept%2021,1.70%20trillion)%20assets.

Posted by kong73 > Sep 21, 2021 4:46 PM | Report Abuse

Lehman filed for bankruptcy on September 15, 2008, with $639 billion in assets and $619 billion in debt with 25000 employees due to US housing bubble burst.

Posted by kong73 > Sep 21, 2021 4:50 PM | Report Abuse

On a more immediate basis, Evergrande has over $300 billion due for repayment to investors, lenders, and suppliers. “Evergrande Group’s total liability size is ~$313 billion, which is ~6.5% of the total liability of the Chinese property sector. In terms of total offshore bonds outstanding, Evergrande Group has ~$19 billion, which is equivalent to roughly 9% of the total offshore bond market and 12% of the total HY offshore bond market,” analysts at UBS wrote in a note last week. This was around the same time when China’s Ministry of Housing and Urban-Rural Development told banks that Evergrande would not be able to meet its debt obligations that started yesterday.

Even the Minister came out and declare Evergrande tak cukup duit nak bayar

Posted by kong73 > Sep 21, 2021 4:51 PM | Report Abuse

@koowakzai - you are giving good advise.

Posted by DickyMe3 > Sep 21, 2021 4:52 PM | Report Abuse

"Posted by OnTime > Sep 21, 2021 3:32 PM | Report Abuse

$200-$300billion is 1.3% of China's gdp. When Lehman Brothers collapsed in 2008 its debt was $35TRILLION, twice the gdp of the USA. So why worry?"

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

$35 Trillion??

Don't exaggerate,LOL

Posted by kong73 > Sep 21, 2021 4:53 PM | Report Abuse

The fear of the Evergrande group’s default on repayments spreading across the globe has forced a sell-off in global markets, including India. On Wall Street, the Dow Jones tanked 1.78% on Monday while the S&P 500 fell 1.7%. While Chinese stock markets are closed for a holiday today, Hang Seng is down 3.5% since the end of last week. Similarly, Japanese equity indices Topix and Nikkei 225 are down more than 1.5% each. Evergrande, listed in Hong Kong, has dived 16.4% this week already. The stock is down 84.5% year to date.

The spill-over has also caused Dalal Street to tumble, falling nearly 1% yesterday with domestic steel stocks taking the heat. Today as well, Sensex and Nifty were under pressure, trading in the red.

Posted by Junichiro > Sep 21, 2021 8:25 PM | Report Abuse

Wall Street’s Message on Evergrande: China Has It Under Control
Stock Markets3 hours ago (Sep 21, 2021 05:18AM ET)

Posted by grimlock > Sep 22, 2021 7:38 AM | Report Abuse

Most real estate buyers in China are actually cash buyers (*even those took mortgage could afford full cash down) so Evergrande's cash crunch problem wouldn't spread or affect much on the mortgage banking circle with minimal credit risks. However the risks are weighed in on its bondholders or entities the lend evergrande the monies. That is why u saw major stakeholders and executives sold or pare down their holdings. On another front, the CCP will not let evergrande fail to contain a ripple effect on China's economy. That could be why there wasn't a market meltdown at least for the time being.

Posted by mf > Sep 22, 2021 8:46 AM | Report Abuse

S&P 500 Ends Lower as China-led Global Growth Worries Persist; Fed Eyed
Stock Markets
By Yasin Ebrahim Investing.com – The S&P 500 slipped Tuesday, as an intraday rebound faded amid slowing global growth worries and...

Posted by Stock beginner > Sep 22, 2021 9:21 AM | Report Abuse

grimlock, are you sure about china estate buyer are cash buyers?
I saw numbers of news about they gathering and borrowing money from relatives just to have enough down payment. some even use credit card cash advance.

Those are the one impact the most, as they will have to pay back those borrowing yet their house is become abandoned project

Posted by r12047 > Sep 22, 2021 10:39 AM | Report Abuse

Tenaga ex date is 29/sept. That means should hold till end of 28/Sept to entitle for the divident?

Posted by choysun > Sep 22, 2021 3:37 PM | Report Abuse

Yes correct. But why would you wanna sell even after ex? At this price, I think good to keep long term :)

Posted by PelitaAlam > Sep 22, 2021 3:38 PM |

Post removed. Why?

Posted by choysun > Sep 22, 2021 6:02 PM | Report Abuse

8.50? Dalam mimpi :p

Posted by Karma4444 > Sep 22, 2021 6:57 PM | Report Abuse

Gas price increasing will eat tnb profits

Posted by linges > Sep 22, 2021 8:40 PM | Report Abuse

even if drop to 9.50, many won’t dare to press ‘buy’ button…ha ha

8.50..lagi lah..

Posted by Karma4444 > Sep 22, 2021 8:56 PM | Report Abuse

Klci cannot keep long term

Posted by Karma4444 > Sep 22, 2021 8:57 PM | Report Abuse

Us stock only can keep long term

Posted by choysun > Sep 23, 2021 12:40 AM | Report Abuse

Karma4444 going everywhere to scare and accumulate... Hahaha

Posted by jeffchan1901 > Sep 23, 2021 8:00 AM | Report Abuse

karma4444 is like chicken little.. running everywhere shouting 'sky is falling down!.... sky is falling down!' hahaha

Posted by junkit > Sep 23, 2021 11:22 AM | Report Abuse

马股中的高股息股 - TENAGA：
https://youtu.be/Ff64GfK6E1w

Posted by Valgrovest > Sep 23, 2021 12:03 PM | Report Abuse

Dividend coming - big funds are accumulating.

Posted by vcinvestor > Sep 23, 2021 12:21 PM | Report Abuse

quite the opposite, EPF has been disposing shares - 15mil in september alone.

Posted by Valgrovest > Sep 23, 2021 12:23 PM | Report Abuse

EPF may have different strategy. Sometimes they do the opposite.

Posted by prudentinvestor > Sep 23, 2021 12:36 PM | Report Abuse

EPF has to sell to raise funds to pay i sinar withdrawals.

Posted by jinghee > Sep 23, 2021 1:56 PM | Report Abuse

china goreng utility sector already, what is the logic behind?

Posted by Keyman188 > Sep 23, 2021 2:44 PM | Report Abuse

Wahhhh...seem like going back above 10.00 again...

Keyman188 really happy holding by receiving more than 10% return on dividend yield...


BRAVO...OLEH...OLEH...OLEH...

Posted by choysun > Sep 23, 2021 7:15 PM | Report Abuse

Topped up just at the right time this round :)

Posted by cascade > Sep 23, 2021 7:34 PM | Report Abuse

Bought @9.8 and seeing some gains now, bravo!

Posted by Valgrovest > Sep 23, 2021 8:07 PM | Report Abuse

Good closing at 9.99. Everyday can go up like today how nice!

Posted by kong73 > Sep 24, 2021 12:49 AM | Report Abuse

Make Tenaga the bedrock of your portfolio

Posted by kong73 > Sep 24, 2021 12:50 AM | Report Abuse

SUZHOU/SHENZHEN: At an eerily quiet construction site in eastern China' Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande has swallowed her life savings.

The pair, united like legions of others by their connections to the vast China Evergrande Group, show the scale of the challenge facing the Chinese government in managing its financial woes, although economists downplay the risk of a "Lehman moment" style collapse.

Evergrande, with outstanding debts of US$305 billion, recently stopped repaying some investors and suppliers and halted building work at projects across the country, setting off global alarm bells over upcoming interest payments.

Li, who says he has not been paid since August, is doing minimal maintenance among half-finished apartment blocs whose outer shells hide rubble-filled interiors. Sand and concrete slabs cover a just-finished marble floor in one future home.

"In the past two days I’ve been planning to go to the government," he said. "What can I do? Soon I’ll have no food to eat. If I have no food to eat I’ll have to go to the government to eat.”

Xie put 380,000 yuan (US$58,770) of savings into a wealth management product sold by Evergrande and says she did not receive a payout of 30,000 yuan due to her earlier this month.

"It's all my savings. I was planning to use it for me and my partner's old age. I worked day and night saving, now it's game over," said Xie, who was told that the wealth management product that she bought would yield 7.5% a year.

"Evergrande is one of China's biggest real estate companies ... my consultant told me the product was guaranteed."

Xie still hopes to be able to redeem her investment, one of billions of yuan in wealth management products (WMPs) sold by Evergrande, but she is not satisfied with any of the options suggested so far, which include the offer of property.

Evergrande did not immediately reply to a request for comment, but chairman Hui Ka Yan told a late-night meeting on Wednesday that the top priority is to help investors redeem their products and that home deliveries should be ensured.
Protests

Angry homebuyers and retail investors launched protests in several cities in recent weeks — anathema to China's stability-obsessed ruling Communist Party.

Property accounts for 40% of assets owned by Chinese households, according to Macquarie, which means contagion from a potentially messy Evergrande collapse could reverberate beyond households and investors to suppliers and construction workers.

A crackdown on debt in the sector has ended a freewheeling era of building with borrowed money which became infamous for ghost cities and roads to nowhere.

"It is important from a social stability standpoint to make sure that Chinese retail investors get their money back and that homebuyers get their homes delivered," said Carlos Casanova, senior economist for Asia at Union Bancaire Privee.

Analysts at Capital Economics estimated that as of end-June, Evergrande still had to complete around 1.4 million properties, around 1.3 trillion yuan (US$202 billion) in pre-sale liabilities.

One woman who bought an Evergrande property in the northeastern city of Shenyang and asked not to be identified has been waiting since April 2020.

She said she is spending 3,000 yuan a month on mortgage repayments on the 600,000 yuan she has already put down but that the building site is now closed and she doubts Evergrande will make its latest delivery deadline of Dec. 30.

Meanwhile, roughly 40 billion yuan of the group's WMPs are outstanding, a sales manager at Evergrande Wealth told Reuters previously.

More than 80,000 people — including employees, their families and friends as well as owners of Evergrande properties — bought WMPs that raised more than 100 billion yuan in the past five years, the sales manager told Reuters, lured by the promise of yields approaching 12%.

Regulators summoned Evergrande's executives last month and issued a rare warning that the company needs to reduce its debt risks and prioritise stability.


- Reuters

Posted by SHOB > Sep 24, 2021 7:05 AM | Report Abuse

story teller

Posted by Junichiro > Sep 24, 2021 9:03 AM | Report Abuse

Evergrande crisis is nowhere near Lehman. The 2009 crisis in US is caused by sub prime. There is no sub prime in China. The western media is crying because a lot of their investors bought Evergrande bonds. Maybe those investors may lose. Every investor is responsible for his investment decisions.
Like the 1997 Asian crisis, those western funds which lost complained that laws in SEA countries are not good. They look at the markets solely from the western perspective. They kept buying while the Japanese are actually selling.

Posted by kong73 > Sep 24, 2021 9:46 AM | Report Abuse

@junichiro thanks for sharing your input. It will be interesting to see what happens to a defaulted bond?
Bond defaults happen when a company stops paying interest on a bond or does not re-pay the principal at maturity. ... If a company defaults without declaring bankruptcy first, then creditors are likely to force them into bankruptcy.

Posted by kong73 > Sep 24, 2021 9:49 AM | Report Abuse

If an individual fails to make his monthly mortgage payments, he defaults on the loan. Similarly, if a business issues bonds and it is unable to make payments to its bondholders, the business is in default on its bonds. When deciding whether to issue a loan or invest in a debt security, lenders and investors must carefully consider the chance of default and must manage its risk.

Posted by Foreign_Invest > Sep 24, 2021 1:16 PM | Report Abuse

Tenaga price adjust from 12 to 9.8. Tenaga price will adjust further?

Posted by jeffchan1901 > Sep 24, 2021 2:45 PM | Report Abuse

maybe you should ask Hartalega. I heard very cheap now. in future will be cheaper

Posted by gomyinv > Sep 24, 2021 2:59 PM | Report Abuse

how come you know the adust share price, haa??

Posted by Foreign_Invest > Sep 24, 2021 3:00 PM | Report Abuse

Glove counter can enjoy discussion only. If you want to buy, better check nearer price and utd price, last advice think twice.

Posted by gomyinv > Sep 24, 2021 3:06 PM | Report Abuse

also got people say 7+ only early of this year, it has never happened. but see, it is still good at 9+ , any how say is free, cost nothing. that is the problem of forum talk . Be careful, don't fall into the scammed talk.

Posted by jeffchan1901 > Sep 24, 2021 10:59 PM | Report Abuse

ya ya forum TCSS as usual... talk cock sing song la