karim can cook.... cook the books

Dont expect ASP to go up until we see those newly sprung glove companies quit 1 by 1, not sell their business but quit as in liquidate their factory as nobody is interested in taking over the business. Till then, the market will be flooded with gloves. Harta will be fine, TopGlove really GG.

PTRB got sell Ikan Bilis?

what happened?

Sell their diner club franchise and went in big to glove after 2 years of covid, what kind of decision is this? if they sold the franchise and went into something else, be it hotel or palm oil, also can make more money. They could have expanded their hotel in lumut but no... glove is what they went into.

@sexy

RM15 to 20? why not RM30 like topglove?

next qr confirm profit drop again. asp dropping.

Sometimes i wonder why they go buy up peugeot franchise... ask anybody that owns a lion, majority regretted buying that lion. bauto buy because lim wanna save his son in law? peugeot is a good car but mismanaged by previous management.

when limit up?

SEM profit down. QL's FM profit also drop. Both came to the same conclusion. myNews wont be too far off. Get ready for a surprise.

Silicon Metal ASP still dropping, if earnings normalise to RM5m per quarter, what will the PE be? 100PE? 150PE?

when gonna list in Nasdaq?
got demo or screen shot of their software?
who are their clients?

云升.... up up and away

5 quarters of declining profit, yet share price remains high. amazing.

monday calvin will unload all of his platation stock, run... before he runs.

The reduction in profit before tax for current quarter despite higher revenue for the current quarter ended 31 December 2022 was mainly due to new models having higher material contents and higher start-up cost incurred in relation to the new assembly lines that commenced to be in operations during the current quarter.

The construction of the new factory building on a newly acquired land at Negeri Johor having land size of approximately 6.4 acres has commenced from January 2022 onwards and is expected to be completed by first quarter of calendar year 2023.

3 quarters drop, yet share price steady. amazing.

Calvin, how's the QR result? Good? or you bring everyone to holland already?

200PE and this kind of profit? seriously, what is going on?

Prices of chicken, eggs to be floated after June, says Mat Sabu
https://www.malaymail.com/news/malaysia/2023/02/21/prices-of-chicken-eggs-to-be-floated-after-june-says-mat-sabu/56078

they dont even want to talk about glove. who so smart, go enter glove business when it is downtrending. the board should fire themselves, all of them.

@NatsukoMishima

Rm4 to 6? If 6, that will be RM20B market cap.
what are you smoking?
DNex got nothing unique. they make outdated chips for washing machines and auto gates.... china can easily mass produce them.

Jan 2023 Malaysian vehicle sales down by 35% – MAA
https://paultan.org/2023/02/17/jan-2023-malaysian-vehicle-sales-down-by-35-maa/

they say next year myeg gonna make lots of money minting some kind of coin out of thin air. amazing. why even work? gov should tell every company in malaysia to mint their own coin, we'll be the richest country in this galaxy.

of all the glove companies, including those from China, TopGlove will probably be one of the first big glove company to close shop. Instead of paying down their debt and conserve cash, TG gave away most of their cash as dividends and sharebuybacks. Now that there is a price war going on, how can TG survive?

Soon, they will have to sell their TG tower. Those that kept on averaging down, I tried to warn you guys and got kicked out of TG Telegram group. Sorry, RIP.

topglove boss went kuku with the sudden windfall. crazy dividends and share buybacks... he still thinks TG will be profitable in a few quarters... i think this is a long long battle as most glove companies are cash rich, can fight till last man standing. TG... TG naked now.

@Endgame

Not 108K, it is 108,000K. It is millions, not thousand.

lava flowing down like tears

"In case you didn’t know, the police have started using automatic number plate recognition (ANPR) systems to catch errant drivers since 2016. The ANPR cameras can detect the licence plate number and run them through JPJ and the police crime database. During its first deployment in Johor Bahu, the system caught an offender driving a scrapped vehicle with a fake licence plate. "

https://soyacincau.com/2023/02/11/digital-road-tax-traffic-police-will-use-mcops-to-verify-vehicle-status-jpj/

Soon, all police car will have this camera and they will scan all the vehicles on the road while patrolling. Thus, no need physical road tax.

"Even if you don’t have the MyJPJ app installed or fail to show the digital road tax, law enforcement officers are able to check your road tax and driver’s licence status through their own devices."

https://soyacincau.com/2023/02/10/anthony-loke-answers-concerns-digital-road-tax-driver-licence-malaysia-jpj/

@Income

Physical or digital, what's the difference? u think physical cannot be forged? Yes, it is called forged, how do you think people are able to forge duplicate ATM to steal money? forge land title to sell other people's land. forge birth certificate to sell babies....

StartOfTheBull

Automatic number-plate recognition

https://en.wikipedia.org/wiki/Automatic_number-plate_recognition

These stuff exist since 1980s, now with cheap smartphone, all PDRM needs to do is write an app and mount it on their police car, can scan all cars number while patrolling.

welcome to the future old man.

people can complain all the want... anyone remember when banks stop issuing books for new accounts? who still own a bank book? soon, banks wont even issue a physical bank card. ATM also can do withdraw without card.

i3lurker

Agree with all your points. Before this, they already clone the road tax.

https://paultan.org/2021/05/03/jpj-finds-there-are-vehicle-owners-who-conspired-with-car-cloning-syndicates/

So, whatever policy also same.... enforcement is weak.

StartOfTheBull

Overseas, they have vans with cameras that drives around scanning license plate and car model/colour, not to mention all the cameras in their toll too. The system will notify the police if it is a wanted car, stolen car, owned by a wanted person, or never renew license or involved in a hit and run. Police will wait beside the car for the owner to come back and arrest him on the spot if he is a criminal, or impound the car if it never renew the license.

AI camera system, welcome to the future old man.

The losses will only continue until we see all these smaller companies and newbie quit the industry, the best time to buy is when GKent, MahSing and etc announce they are selling their glove business or closing it down. Until then, these smaller glove co are throwing prices, they can since glove is not their core business. Question is for how long?

nikicheong

I think they are gunning for their wind energy side, not so much on the turret.

@Vicky

Scomi, Sapura... got no fake accounting no fake projects, not the same. Even AirAsia dont have fake accounting. Name me 1 company in Bursa with fake accounting that is still trading?

@Blue Tulip

What is drop so much?
For RM1 and above, max is 30% up or down
For RM1 and below, max is 30 cents up or down

Consider drop very little.

Fake accounting fake projects like Serba?

Currently traded companies qualifying solely under the Market Value Standard must meet the $75 million market value of listed securities and the $4 bid price requirement for 90 consecutive trading days before applying.

-------------------------

If ARBB can list in Nasdaq, many of our other 'tech' company can enter nasdaq100.

UncleFollower, where you get the info it can be 16B USD? Sounds absurd. 16B USD is RM64B, almost as big as CIMB or PBB, which is crazy. Unless for some reason Yinson can win 1 big FPSO every year for the next 10 years, and eventually have a profit of RM1B per quarter and positive cash flow. Until then, kind of hard to image Yinson is a RM64B market cap company.

i wonder what happened to peral white, i remember he wrote so many articles on why serba is not a fraud and how kpmg and ey has hidden hands to collapse serba... all those conspiracy stories, i need to read them before bed time...

impossible for glove co to go up. All those new factories build by those that ventured into glove have yet to close down. Until they close down 1 by 1, we're going to see a depressed in price. Simply put it this way, MahSing and GKent can continue to lose money in glove as their other business are profitable, they can pump the money into glove, whereas TopGlove only got glove, and not to mention their susuk and debt maturing, and they need more loans for the coming years. harta and others not to bad, as they did not give out their money and do SBB. TG is in a tough position.... very tough.

Another Serba in the making?

@Sslee

Just curious, I have no idea. If it is margin called by banks and sold by the banks, does the bank need to inform Bursa too?

Phoenix.... more like chicken.

fake accounting... what more hope is there? already know it is fake, yet so many refuses to leave, some go average down...

Those that kept saying EPF is still in Serba, have they looked at the latest annual report? LIST OF TOP 30 INVESTORS...

EPF PNB KWAP all left when KPMG flag serba for fraud. That is how these big boys roll, run first think later. All of them left long ago but some in here is in denial, kept using outdated info to say they are still in.

Can you share UOB report? Thanks

FPSO Anna Nery (Marlim, Campos Basin) is expected to achieve first oil by 1Q2023 CY, 25-year charter to Petrobras.