I have some working experience in banking facilities and as a long term shareholders of Muhibbah, perhaps I could share some of my knowledge on BA with Nur.

Many bankers do approve holding company’s banking facilities could be utilised by their subsidiaries for ease of administration. Therefore, the holding Co ‘s BA can fund the whole group working capital requirement.

Based on audited accounts, you could work out that there is no overdrawn of BA as the year end outstanding BA @RM600 m is well within the working capital requirement of the group. Take note that there is actually net repayment of BA in year 2020, as whole year repayment of BA was more than total amount drawdown.

For BA financing purpose, documents are required to substantiate and describe the nature of the trade transactions in format required by bankers, which could varies from bank to bank. It is also compulsory for all bankers to confirm the amount of all banking facilities outstanding ( including BA ) to the Company ‘s external auditors in every annual audit . So there is strong evidence that there is no understatement of liabilities in this aspect.

As shareholders, am really appreciate and thankful to the directors and managements’ efforts to pursue BA financing as BA interest rate is lower by 1.5 % to 3 % as compared to other financing products such as revolving credits and overdrafts. Therefore, you shall realize that - in contrast to the loss as alleged by you, there is saving of many millions of interest costs to Muhibbah over the years instead .

This share need buy and hold if u are an investor. Contra player already flush out.

Finally price stable, anytime bounce up. Gogogo

Yes Kllt995. Thank you Lord Jovin. Next stop RM2.33 gogogogogo

https://klse.i3investor.com/blogs/see/2020-11-15-story-h1536433211-VIVOCOM_16_20_NOV_FORECAST.jsp

This See Jovin really predict zhun zhun. Next target RM2.30!!

Thanks for your report, I read through your report and decided to go. I strongly believed your view, it will sure go more than 2.30, next target 3.8. Go go go

Wow fantastic, so bullish in technical chart. Strong support at 1.70, target 3.8 I think achieveble

Energy stocks slow down. Volumn at index lesser, seems will sideway few weeks

That is futures gold price. Now all ppl look at that price to predict pohkong direction.

Wow what happened, good news but down

This company lot of potential

Rebound but need few days to confirm uptrend

Q is strong now, price not move a lot during mco, future very bright, after 0.05 resistance like no block already. Quickly put up ur belt.

They still in construction business, have projects ongoing. F&B business is stable. The price now is cheap, gogogo Eah to 0.10 this week

Have to careful now.

So hot now