*Market News*

*President Donald Trump on Tuesday tweeted that he will be delaying $250 billion in tariffs on China to October 15 from Oct 1* as a “gesture of good will” to China. (CNBC)

*U.S. President Donald Trump tweeted with envy on Wednesday about the ultra-low, even negative interest rates in other parts of the world, berating what he called the “boneheads”* at the Federal Reserve for not following suit. (Reuters)

*U.S. President Donald Trump has suggested that the U.S. Federal Reserve drive interest rates into negative territory*. He says his motivation was to refinance the U.S. government’s $22 trillion in outstanding debt and lengthen the amount of time over which it is repaid.(Reuters)

*U.S. oil prices dropped more than 2% on Wednesday* after Bloomberg News reported that President Donald Trump discussed easing sanctions on Iran in order to reopen negotiations.(CNBC)

The *Hong Leong group* in partnership with private equity firm TPG has won a bid to buy the hospital business of Columbia Asia group in Southeast Asia, sources say.(The Edge)

Confectionery maker *Khee San Bhd* said it will issue new shares to Wah Kong Corp Sdn Bhd at 33 sen each under a plan to acquire Wah Kong's distribution business.(The Star)

*Inari Amertron Bhd* signed an agreement with PCL Technologies Inc to set up a joint-venture to secure, manage and manufacture optical transceivers and other related products in Penang. (The Edge)

*Sime Darby Bhd* said it is acquiring three Sydney, Australia luxury car dealerships representing the BMW, MINI, Volkswagen, Jaguar and Land Rover marques for A$112 million (RM321 million) to strengthen its presence in the automotive market there. (The Edge)

*MMAG HOLDINGS BHD* ’s subsidiary, Line Clear Express and Logistics Sdn Bhd and Jakarta-based PT Lion Express have inked a multi-year business collaboration agreement on a parcel sending service. (The Star)

*Tadmax Resources Bhd* has received the government’s nod to proceed with its power plant project in Pulau Indah, Selangor.(theSunDaily)

*Mah Sing Group Bhd hopes the government will continue to exempt first time house buyers from stamp duty payment in the upcoming Budget 2020*, to be tabled in Parliament on Oct 11.(Bernama)


Wednesday, 11 Sep 2019

6:23PM ESCERAM Single-tier dividend of RM0.006

Today T2 , sure a lot of dumping from contra players

I also queued 1.5mil each at 0.275, 0.28, 0.285 to support

Today T2, I'm waiting to collect cheap cheap again at 0.275 & 0.28, hope can get some by today

This is excluding court case win (another 0.20 up), written back of huge impairment (another 0.10- 0.15 up), and Armada installer & constructor securing new project (another 0.10 up)

Jason, fair value is 0.57

Armada will up n up, impossible will drop back already

EPF will be the supporter of Armada share price, so you guys can keep buying and buying, Armada definitely won't drop back already

Very hardly the Armada price will drop back to 0.27 already, so EPF will keep.buying and buying and price will up and up

What's that news????? Hope won't drop tomorrow? Otherwise my contra 2mil need to force sell already

https://www.klsescreener.com/v2/news/view/577068

SURE break 0.30 tomorrow

EPF will keep buying and buying, so pice will UP and UP

And EPF no more dumping already

I believe should be no more shorties already

You guys all please keep buying, I'm 10000000% very sure this round won't drop back already to below 0.275

Heng ah Huat ah Ong ah

Today I got buy 2mil shares at 0.28 by contra, I think Armada is unlikely to drop back already, quite safe :)

Armada please chase over knm now

Very long time never see Armada price taken over sapura already, next is knm

Wow, I'm quite sure this round Armada won't drop back to 0.27, will be all the way up and up

Klci and djia already very high now, worried of djia collapse only

Shpok, today close at 0.555

With one positive news and good oil market sentiment, today Armada limit up

EPF will keep buying and won't dispose already

Today Armada limit up

Oil price bullish now, oil pice up to 63 USD already, up almost 2%

Shpok, queue sell at 0.28, sure can break one

https://oilprice.com/Energy/Energy-General/Oil-Markets-Bounce-On-Bullish-Hopes.html

Anyway, we don't care about that, just follow the bursa announcement, as I believe they already impaired Armada perdana for FY 2018, that's why disposal now have some gain which is still quite positive

"However, the Armada Perdana FPSO was previously estimated to have a book value of up to RM300 million."

Extracted from the edge article, this Armada operator very cunning, very fast to come out this statement

Mikekim, it's only gain of USD 5mil, not 23mil

For market now, cash is King

With this announcement, it should increase the share value by 20m/5876mil shares x PE 10 (at least)=0.034

It's quite a positive news la, firstly can reduce the debt or got cash coming in, secondly, got gain of the disposal somemore

It means the disposal of the aseet has gained 5mil USD as paper profit

Robert, read it carefully, it's selling USD 40mil, with USD 5mil gain

Armada operator trap again

Hardly will go up

Whenever they came out with this negative news media, they sure will make sure the price drop one, so today price either drop or maintain flat

Haha, Armada operator still want Con more sohai stupid shorties to short

https://www.klsescreener.com/v2/news/view/576200

Armada operator still playing those sohai stupid shorties at 0 26

Armada operator still very cunning, controlling n manipulating the price, market sentiment so positive, still not allow to push up to 0.27/0.275

Volume totally very low, not even can break 0.265 n touch 0.27

Trade talk seems very positive, creating a very positive market sentiment now today

Yes, everybody here be united, keep buying, if u all have extra or little bit bullet, also shoot now

And if the disposal of assets make sense, then can be settled even earlier than that.maybe 2 years also can settle with disposal of certain assets and trade receivable, etc etc

I personally studied the whole quarter report for 4 days without missing any, the company should worth for 0.50++.

The media always repeat the high debt high debt, actually it's to frighten those retailers and investors

If you really study in depth the report, the 10b can be settled as fast as 5years, and if Woodside claim is won, then will be 4'years, fully settled with no debt
Company has a very healthy and strong cash flow coming in everyday

Because I believe Armada not only worth for this low value, it's still super undervalued