Based on my own estimation, next quarter (Dec'24 - Feb'25), Top Glove Net Profit will back to RM100mil level.

Do you hear the limit up sound?

LCTITAN NTA is still RM4.XX.
Assume if Petronas bought it at 60% discount below book value, that would be RM2.00.
For Korean Lotte cut loss at 60% losses (better than current unrealised loss of 80-90%), and they can get back their money to solve their parent company.
Minority investor who invest below RM1.00, are happy to accept this offer at 100% gain.
Petronas also happy to acquired an asset at 60% discount, and it can help petronas to expand its business empire.

Subur Tiasa = 44000 Hectare. Market Cap = RM176mil.
Market Cap / Hectare = RM4000 only.

@KYY, you should sell everything and buy Subur Tiasa

@Silent8888,债务虽然庞大，但这不是什么坏债务，这些都是建造高速公路而举得债。
你要知道，高速公路都是30年-50年的concession,如果你把这50亿债务分摊30年来看，平均一年也不到RM2亿。
Ekovest目前需要解决的问题是快快把Kesturi (Duke 1 & 2) 上市，随便筹个30亿，这样就可以大大减少债务利息的问题了。接下来就可以专注DukePhase2A,这个计划已经在政府的审批阶段了。
要知道， 债务会慢慢减少，而大路收费是会慢慢提升的 （流量 x 收费） ，就像现在的 LDP， SPRINT， PLUS highway, 每年源源不竭的现金流。

Interesting finding.
My i3 Stock Pick portfolio is still in negative.
My actual portfolio also in negative return as at 30 Nov 2024.
Initially the 1st half year still doing very good, double digit return on portfolio.
But start from Aug 24 then all the way go south, now is negative return.
Still got 1 month left, hope can back to positive return.

Lousy AGM.
Tan Sri not even speech in the meeting.
Although I am invest heavily in Ekovest, but I must admit to said that this is a lousy AGM, nothing information has been disclose during the meeting.

The current quarter losses is mainly due to share option and forex loss.
So, overall still acceptable.
Paper business is reducing, but EMS business has steadily growth.
Once the acquisition of Allied Technology is completed, then can foresee YBS will become the next Genetec.

Unrealised Foreign Exchange Gain = RM601.8 Mil
Becareful once this amount will be reverse next QR if USD appreciate.

NationGate revenue has surge so much.
Seem like it is the real beneficiary for the AI Data Centre trend.

May I ask, whether the POS MALAYSIA KL HQ that located beside Menara Dayabumi is owned by Pos Malaysia?
Or that is a rented properties?

4th December is dividend ex-date.
Run before it.
From my past experience, it will drop more than the dividend after ex-date.
Example: Assume the share price is RM1.10 before ex-date, and dividend is 7.5sen.
Technically, the share price after ex-date should be RM1.03. But based on past years experience, the share price will open at RM1.03, then slowly drop to RM0.98-0.99. Then 1 week later, it will at RM0.93-94. Then after 1 month, you will see it touching RM0.89 level.

Most mystery stock, YBS.
Until now I believe still no one know whether ENOVIX is real or scam.

Is this brand famous? Normally for Palm Oil I only saw those brands with chicken head logo, twin arrow logo, horse logo, MPOB logo, Yarra...etc

Wah.... Big Boom.
Investment in US Market has incurred RM54mil losses.
Better fast fast dispose all the share before US market crash.
Bring back the money and invest in Bursa, now bursa many undervalue stock.. haha

No matter TCS is liable or not, once this project is stop, a lot of thing will be impacted.
1st, bank will stop release payment.
2nd, those bank that borrow loan to contractor / sub-contrator that related to this project, bank also will review their loan.
3rd. Developer will hold all payment to contract while pending for investigation.
4th. For contractor, all the worker salary is count on daily one. When project stop, you either need to transfer worker to other side, or your terminate them...etc.
5) For those machinery like crane, cement machine....etc, all count by daily one, when project stop, it is either you continue to pay for it, or return back to vendor.

No one know how long it will take for the investigation, maybe 2 month, 4 months?

Today SSTEEL heng heng!

This company worth to have a look.

Based on share capital of around 600mil share.
If SSTEEL is going to recognise 100mil gain, there will be EPS of 16sen.
If 150mil gain, then there will be EPS 25sen.
If 200mil gain, then there will be EPS 33sen.

And with this RM200 mil cash received, assume it has fully use to pair off its debt.
Based on 5% per year, this RM200mil will save interest cost by 10mil.

https://theedgemalaysia.com/node/733158

Who know maybe Bandar Malaysia project will come back again, hehe

I think LKH planning is like this.
Dispose the concession asset to reduce the debt.
The merger Ekovest, Knusford and IWCTY.
Convert Ekovest become a giant congloramate, position itself as the ideal JV partner for any China Company, and holding 4000 acre prime landbank in Johor to develop for next 30 years.

Therefore, the current value of RM5bil for Duke 1 & 2 is actually quite a fair price.

Actually, based on Year 2020 news report, initially whereby Ekovest plan to listed Duke 1&2 and SPE, whereby Ekovest plan to offer 25% share of its highway concession to raised RM3bil. IF 25% = RM3bil, then 100% will be RM12bil.

Below is the caption of the news:-

"The enterprise value for the three highways was about RM11 billion to RM12 billion, he said.

"Twenty-five per cent of the total enterprise value is about RM3 billion and we can raise that amount to pare down the debts and allocate some for working capital purposes.

Attention needed on this news.
Based on my own understanding and interpretation, this settlement will resulted in a gain of approximately RM200mil for SSTEEL, am I right?

Any expert that have follow up this case since 2019 can share your opinion here? Because the company have already recognise the losses on 2019, that why I am expecting there should be a gain based on this settlement agreement.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3498208

Please also bearn in mind that under Ekovest Balance Sheet, there are 5-6bil of sukuk.
But out of this 5-6bil sukuk, got 2.5bil is under Kesturi.
When Ekovest dispose its entire holding on Kesturi, the 2.5bil will be remove from Ekovest as well.
So Ekovest debt will be reduce substantially, and at the mean time if the buyer purchase with cash, Ekovest cash will be increase by RM3bil.

Last time EPF buy 40% at RM1.1bil, so value the highway at RM2.75b.
If now the highway is value at RM5.0 Bil, quite reasonable la.

Good closing, finally touch 37sen.
Hope tomorrow we can see Ekovest stand above 38.50sen.

Our Malaysia stock market have been hammered down since end of July'24 till now.
Many retail investor has lost their faith and their interest on stock market.
We need a small bull run to gain back the confidence and interest of retailer.
All the private banking, unit trust, wealth consultant, investment consultant that advise their customer to invest in unit trust also need a positive result by end of the year, otherwise they don't have face to face the client, and their commission / bonus all will be affected also.

Therefore, I sincerely hope Malaysia stock market can have a small bull run, whereby KLCI can touch 1700, FBM70 can touch 19,000 and FBMSCAP can touch 20,000 above by end of the year.

Tomorrow hope can touch 37sen.

Why still called YBS as scam.
Previously, Enovix want YBS to commit USD70mil for the machinery investment. Many analyst view this as very risky move, as YBS size is relatively small compare to this USD70mil investment.
Now, Enovix has take the initiative to solve this problem, whereby ENOVIX will self invested the USD100mil machinery, and YBS no need to invest any amount, what YBS need to do is to help them to operate the machinery and monitor the manufacturing process, and YBS can earn a mark up on top of it.
So, it should be a good news, as this move has mitigate the risk of investment, and with the USD100mil capital invested by ENOVIX, the chances of this project is a scam is getting lower, no point ENOVIX spend USD100mil if they know this is not working.

Ekovest, it is time to wake up.

I have made a dream last night.
I have dream about Tan Sri LKH proposal was successfully executed.
Knusford has announce share split of 1:4, on the basis that its NTA has reach RM2.40, so split into 4, become RM0.60 each share.
Then EKOVEST & IWCITY share price has surge to RM0.80 after the merger executed.

Can't wait d, today bought some at 34sen. Balance still queue at 33.5sen.

No match... Friday continue to queue. Haha

Queuing at 33.5sen, very limited bullet left.

撇开LKH个人的影响力，现在能左右 Ekovest的只有：-

1） HSR Project
2) RTS Project related property development
3） JBSEZ
4） DUKE Phase 2A

据我所知，LKC 和 LKH 是不合的。
就是这原因，LKH花了很多时间解决LKC, 你可以看到这一年LKC慢慢的减持Ekovest的股票，退出ExecutiveDirector的位置，自己回到自己的公司 （Lim Seong Hai Capital). 你也可以看到Ekovest用低价卖了一些地产给Lim Seong Hai Capital, 因为可能这些地产都是LKC之前帮公司收购的，现在为了弥补LKC过去在Ekovest的贡献，把一些地产及project给予LKC.

以上都是我的猜测 （路边社），如有雷同，纯属虚构。

这次的收购合拼案可是狠狠的给股民们上了一课。
就算我本人有着20年马股的经验，看过无数的收购案，也摸索出一些技巧，懂得分析什么是真正的收购，什么是虚假的收购 （只是为了炒高股价，然后就取消收购了），但讲真的，我也没想过这个收购案可以延迟那么多次，也没想过股价会跌那么多，那么久。
当初收购价在定在60sen左右，这是一个很低的价格，老板也没意识要推高，我就知道股价一定会压低，理由是股价一定要低过收购价，市场才会接受。当时心里的底价是大约是45sen左右 （30% below issued price)，所以50sen 以上先买一些试水，45sen 以下我都放心的买，40sen 更是大买特卖， 36sen 也是有钱就买， 现在更便宜了，可惜钱也剩下不多，可以买的都买了，只能等待林老板决定。

I am still queuing at 33.5sen.

TOD land purchase extend again.
Next week can get even cheaper 0.34... haha

再给丹斯里多一点时间吧。
这种大合拼计划是很难的，牵涉太多利益关系，又要解决内部问题，又要解决外部问题，股东的利益分配，又要配合国家的政策（比如 HSR， JBSEZ), 又要配合国际局势 （比如 美国降息， 日本生息， 中东打战）。

但我始终相信，丹斯里的这项计划是对的，Ekovest 极度需要合拼及扩大，才能更好的发挥，才能有资格和一些Fortune500 大企业合作。

巨江集团马来西亚海外富洋工厂项目正式启动，占地22亩，规划产能800万只.

Assume each units of battery selling price is RM100, and assume current production capacity is only 30% of the 8mil.
It will be equal to 2,400,000 x RM100 = RM240mil revenue.

Assume profit margin is 5%, then we can expected RM12mil net profit.

巨江集团始创于1999年，是一家专业从事蓄电池电池研发、生产、销售的综合性企业，员工1600人，拥有世界先进的蓄电池生产线。年产值50多亿元；公司自创立以来，始终坚持自主创新，取得了国家高新技术企业、中国驰名商标、浙江名牌产品等多项荣誉。

Current NTA is 77sen, while share price 36sen only, very safe to invest.

Based on the MOU signed on 2019 between ABM FUJIYA and JUJIANG ENERGY, the proposed investment value is approximately RM500 million is the proposed budget for the Parties to set up a new battery
manufacturing plant which include, amongst others, the acquisition of land and
construction of plants and machineries.

Currently, AMB has only incurred around RM150mil on this new factory, as now they only setup 3 production line, and the factory actually can accommodate more production line.

Therefore, we can expect that ABMFUJIYA revenue will at least grow up 200-300% within the new 2-3 years.

China company has invested RM48mil for 40% of the share, it mean the company is worth RM120mil (100%).
Current market cap is only RM67mil.
And company mentioned that once the China company became their shareholder, their revenue will be increase substantially, as China company will place substantial order with ABM Fujiya.
Please take note that the RM48mil is for the share of one of its subsidiary only.
Patient is the key to success.
Expected it will take 3-6 month for the acquisition to complete, as it required EGM approval.

78.50 is dirty cheap price.
So sad I am lack of money to top up.
Too many fund stuck at other counter d.
The 1st half year is very good, 6 figure gain.
Then 2nd half year is doing like a shit, 6 figure loss. Haih...

Engine start...
Next week if China stock market booming, CPO continue up, TDM will challenge 26.5sen

@Antifanaticracism, we are not arguing whether high NTA or low NTA is good.
My main point is 99speedmart 8.75sen NTA is not a solid foundation.
I will calledit solid foundation is the NTA is 87.5sen.
Just like QL, the share price is RM4.70, NTA is RM1.25.
Although it share price is still 4 times of its NTA, but at least this RM1.25 NTA provide us a solid foundation.
If today QL NTA is only 12.5sen, then I will said QL do not have a solid foundation.