Result could be constrained by shortage of passive component. D&O had managed that thru acquisition.

Richard.. what your relative working as? If in account dept - lagi best..

Richard... sure boh Q result is good? confirm with your relative againa. last chance to top up 2morrow waiting your signal.

or maybe they should write again this time... Prestariang shares fell XX% due to uncertainty of SKIN from unnamed sources.

theedgemarket wrote.... KUALA LUMPUR (Nov 29): Prestariang Bhd shares fell 6.25% after it scrapped plans to create an integrated education platform (IEP) with Alibaba Cloud, the cloud computing arm of China's Alibaba Group, and Singapore-based Conversant Solutions Pte Ltd.

Look like they also cannot understand why Prestariang share dropped so just simply tied to lapse in MOU. As it will look very bad on them (and Prestariang) if they were to write... Prestariang shares fell XX% after the company reported first time loss due to one off tax expense RM5.3m for 2013-2016 and RM2.3m tax penalty that saw its market capitalisaiton wiped off by XX%.

zerocool.. no need so long.. next quarter result will get everything back on track. Today slump is the act of the operator to cause panic sell.

The loss was due to one off tax expense RM5.3m + RM2.3m tax penalty ( i.e. increase in other operating expense). Top line still good, GP% still ok, higher opex for software due to higher admin expense - double of last year - most probably as they are expanding the staff force/office space. Good news is the SKIN is on.

This is truly a gem stock.. next quarter will be exciting.

buy....

maybe light at the end of tunnel... I would imagine the investor YHC sold the warrants to had already priced in the Q3 result. time to buy?

contract signed with Alibaba and conversant...

can i subscribe for excess application? Is there maximum threshold?

https://www.listgbarristers.com.au/uploads/Publication-GraphicsBarrister-Publications/Whitten-Michael-QC-Calling-on-a-perfomance-guarantee18-June-2013.pdf. especially page 25 - will federak court decision favour Jaks?

Once Elsoft hit 1.5+, the market cap will be RM1 billion and will become RM1b company this week or end of the year which make the management look good to close the year. It should attract more institutional funds. Elsoft profit is catching up with Pentamaster + they are more generous on dividend. I think their bonus shares timing just nice closer to year end...similar to Pentamaster.

qqq3 - why sold so early..this stock would not move much after earning announcement. it will start move after the excitement cool..

Shines.. me only a shareholder of a billion club company... had dissappointed you.

next week become billion club.

commonsense.. i would not go by RM1.1 b +10% + 3 years. That's a worst worst case scenario. The entire project was separated into office, residentials, tower A etc so may not everything got delay by 3 years and residentials and office S&P dates also varies. But we do know LAD=10%p.a. JAKS already provided for RM25m in 2017 - auditor has approved this so I assume about correct as at 31 Dec 2017. But they have not provided for the interest claimed by star RM25m (because they think they should get extension of time) which is currently showed as contingent liability. Now it make sense why star insisted on drawing one of the BG of RM50m as the LAD+interest. Six months up to June 2018, JAKS provided another RM16m LAD. So far I suspect all LAD are in relation to Star Pacific and they have not provided much for residential and office... by looking at the numbers. They probably told auditor that they would close out tower A in Jun and able to make up others in 2018 (but now analyst report said June 2019). Another point worth to note is... although it is 51% own but the other shareholders are Ang and clonies - most likely the LAD/BG are guaranted by JAKS.

tien171.. buy now reversing start..IDSS seller need to close position.

James.. thanks. I suspected star would not so easily approve vacant possession as it will deteriment to the BG lawsuit. KYY better volunteer to sit on the board.

AIA sold the shares because of member liquidation of the fund.. When receiver came in to takeover they just cash out from market right away. They also cash out Yinson. Who is insider.. Mr Chan Wan Siew..

boss disposed thru direct business transactions 30m @ 0.13 - strategic investor? (not to small retailers like us). Normal lah 15% discounts for such bulk disposal. 0.13/0.135 safe bet.

cooling.. you are correct. Study show a bit of self-deceipt will make the person living longer.

Bank pembangunan is under MoF and they are also allocated with a "limited budget" for 2019. They also busy/carefully to assess what loans to be given out with the limited budget allocated. And prestariang was granted with the loan/facilities. If the loan is considered material then they will need LGE approval. If the loan is considered not material i.e. not required LGE approval, then it is not in the radar of MoF.

This is my perspective.. budget 2019 has no implication on SKIN. Budget 2019 allocated to home ministry is for 2019 and none of this is for SKIN as the first payment is only in 2022. With the budget 2019.. the HM will busy and focus on how to spend the budget amount to deliver results for 2019. Cancel the SKIN project will need to pay termination which reduce his budget spend. Gamuda/Gkent/ECRL case are different - they have immediate impact on budget for 2019.. that's why all are done before budget 2019 was tabled. Budget 2019 talked about review concession/PPP projects and get 10% savings for "2019" .. so I would imagine all ministries will focus to get savings negotiated with the existing concessions that have impact on 2019 budget/spend, or help to create headroom for 2020 or 2021 spend.

I will jump in with 30% of my capital..

DK66 - i think you are a big shareholder.. kick the IR a kick... phone, in fact email better to capture the evidence. You can also keep it to yourself the answer/response if not favourable. If is favourable let us know, i m sure it will create rush to buy..

come on short sellers, short more... IDSS volume only 16770

the court case is ok - everyone already priced in. If star delayed approving the vacant possession or VO claims, then just issue legal notice to ask for arbitrage... only know how to appeal..

Evolve mall bleeding is OK - not much compare to powerplant profit. The star project LAD is a risk as it will keep accumulating if the certificate of completion is not given by star. I think JAKS managemnt is lousy - they have no cencerns to the shareholders... they should announce black and white to say star project completed and vacant possession handed over.. useless. DK22.. call the IR.. handling over vacant possession or not - this is not a sensitive question to confirm by the IR.

jaks-wa vs jaks - which one is better bet? what is the reasoable premium% for wa for a buy?

SKIN project is to integrate the old systems not to revamp / develop new system. When PH has no budget.. how to develop a new system. I can see all sensible comments by the HM.. nothing new really.

great.. IDSS volume 14683.. the shark will punish retail short seller..

decision to buy or not is on the property and pacific star project status. doesn't matter prospect of vietnam powerplant (as there is still business risks). Unless the management announced clearly the pacific star is delivered and handovered and bleed has stopped and there is a an end to the LAD. Anyone know the status?

Made 2.8 sen in the quarter and declare 2 sen dividend.. Look like the co very confident with the business prospect and cashflow.

follow your heart..

no need to call ir.. they will tell you business as usual... or worst someone just put a fake news said they had called ir and ir told them is halted and pending review by PH...

look at the queue to sell at 0.685.. someone is collecting.

This is what I noticed... more constructive than those who said heard this and that without facts. I started tracking IDSS volume week ago. When the price surge, the IDSS volume is also high (especially before price surge and IDSS was then suspended). When the price drop, there is very small IDSS volume. Today when opened, the IDSS volume kicked in to short the price down, when it reached the bottom, the IDSS stopped and collection start. When the price hit above 0.70, the IDSS came back to halt the price from trending up. At the time of the writing the IDSS volume is 8915. check it out..

The number is ok... improving though below expectation. All know China steel and coke industry is doing pretty well but it did not reflect in Q3. Look like there is a time lag in cost and revenue? Had a look at the AR... they value inventory cost based on weighted average cost resulted in higher cost of good sold. and they measured stock based on judgement of the stock-pile, shapes which can impact the cost of good sold.

Tipster, a bit of stretch for 40-50m GP as the coal price also went up.. do you think operator already in?

jbon.. from what I see the prestariang share melt down more driven by selling by KWAP, AIA (due to fund liquidation), director force selling and not so good Q2 result and "speculation" on SKIN being cancelled/reduced... that created in balance in shares supply and demand and the price would have priced in the inbalance. The most selling has finished by end of Oct. and start the journey to move up (volume also coming back show people dare to buy). Any announcement on SKIN would be good as it gives clarity and certainty. Educloud, Unimy (student growing, strong demand for digital education, expanding campus), software (contract already in hands), job matching business offer bright prospects (not impacted by trade war) along already justify the current price. Pricing/contract renegotiation is part of the business that the company need to handle and work on the cost base and they are many levers available. If you believe SKIN will eventually go ahead (don't worry about how much price it cut), then buy now. If you think it will be cancelled, then don't jump in now.

Development only take 12 months. year 2 and 3 is to roll out to all sites (200+). Now probably already 30%-40% in development. Half way change design/scope will make the cost goes up.. It is not as simple as cut cost for the remaining 60%. Those in IT development/project will understand. Some more.. the government only start paying in year 4 i.e. 2021.. by then next election due before even they could show any material cost saving. The fact that Bank pembangunan provided the loan to fund 99% of the project showed that MoF already gave the blessing.

This is a gem, explosive, high growth, PE<4, SKIN concession alone give recurring EPS 7 sen each year equivalent to 10% ROI based on current price.

Bank pembangunan is owned by MoF.....

more likely than not the new shareholders need to use public listed co as vehicle to raise fund to fund the project. trader1888 could be right it will go up but will come down eventually as many will take profit and get out.

http://www.theedgemarkets.com/article/bursa-suspends-short-selling-prestariang-shares

http://www.theedgemarkets.com/article/bursa-suspends-short-selling-prestariang-shares-0

Two different links

http://www.theedgemarkets.com/article/bursa-suspends-short-selling-prestariang-shares-0

Seem like lots of traders try to short the shares in the morning (while the share price is moving up) until bursa need to suspend short selling. Any sifu here can help explaining?

This is one form of capital reduction. The company was doing the right thing to offset the accumulated losses against the share capital. There is no reduction/consolidation in number of shares so it should not impact share price. The benefit of offsetting the accumulated losses will allow the company has a clean book and once you have cumulative profit they can start paying dividend. The shares plunge after the announcement was caused by Khazanah selling the shares. If you traced back the announcement, Khazanah will dispose share one time each year - usually in Oct/Nov irrespective of the share price. Someone takes the opportunity to ride on the wave to push down the price to collect.

the point was the passport deal was a direct negotiated deal. "A source says Iris does not view the award of the contract to Datasonic as fair, as the passport chips deal is a direct negotiated contract.". It just smelled fishy after the contract awarded the substantial shareholders started disposing shares and ceased to be substantial shareholders.