https://www.malaysiakini.com/news/627485

Bersatu against Cigarette Curbs.....How Khairy is going passed Bill or keep his Cabinet job after KJ name
is exposed in illegal payment???

Most people are still sleeping, we are 2.5 weeks from Kossan Qr( 27July) results then Harta ( 3Aug)..
Results are Bad, current price already factor-in but TG is just being drag down by these weak sentiment

TSri havenT announce yet but we all know 30% of TG Malaysia factories will stop or go slow from now to December 2022 and completely stop production after Jan 2023. Once announced, 50sen will start Waterfall
to 10sens Jan 2023

Even TSri tried to defend but when price Hit 50sens, many, alot margin accounts will be bellied UP,
Triggering mass selling....TSri as bystander also get Hit Left and Right until He also Bellied UP

In latest Annual Report, TSri has 18.32% or 1.465Billion shares locked in Margin Account.
I am waiting for TSri Margin Call when price drops to 50sens......easily drop To 10sens. If TSri margin Call,
more people will be Hit with margin Call...........Biggest WaterFall in Bursa History Coming

https://oilprice.com/Latest-Energy-News/World-News/Oil-Should-Stay-In-Triple-Digits-Analyst.html

Oil will be above $100 for rest of 2022

Nikmon
3 bil out of 8bill need to pay to sub contractor immediately if 50% haircut. else will bankrupcy
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I think you just finished SPM and havent got a real job. Even SPM student who default payment on his
motorbike will get about 3years before bankruptcy Court declare him a Bankrupt AND after 3years His bankrupt Record are wipe Clean ( you cannot search in public record---maybe other means )
All the Back payment are done by SAP subsidiaries ---not SAP and these Co are Sdn Bhd. I say let fight
bankruptcy for 5years and used what ever Sold Rigs money for Other Projects. What Can Debtor Do??
Even every List Co in Bursa did the same thing......It is you who dont know

Even reduce Half 8Bil Debt, SAP can survive if Oil remains at $100. I think Oil price is saving SAP

You can Sell All the Rigs ..."Lock stock and Barrel "...meaning Contracts and Rigs together

How about Debt / Equity Swap to "white Horse"??

Bursa extend SCOMI regularisation plan ( Pn17) from Dec 2019 to Dec 2022 ( 3years ) Dont think SAP
needs that long, once SAP sold all their Drilling Rigs plus Barges and enough Cash for Operation. Bankers
will roll back short term loan to long term loan........most important is no haircut for bankers

https://finance.yahoo.com/news/micron-forecasts-fourth-quarter-revenue-201059331.html

Stock Guru has spoken. You will never see TG again at RM10 ( in this Lifetime ) but you will surely see 50cents
in 2 months time.

csan
small boy jumping to conclusions about share ownership
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So i assume you are a "senior citizen". Stock Market is not suitable for you. We move very fast. I cannot
guide you across the Road every-time you get stuck on the road side. You should spend more time
checking MayBank FD rate.

SomeMore OKU how to UP? Better leave this forum for Senior Citizen. Just crash your spirit

don't lose the shirt on your back ya.
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I dont have a shirt like you. You have kitchen sink, toilet bowel...how to move fast. You are better off resting
at Senior Citizen Rest Home. Talking to them give you great pleasure bcos they dont talk Back.

why people care SAP 3--5--10years from now....none of your BIZ. Ikan Bilis got no Say on anything. Just
grab some scraps and run like crazy......your best Bet

Not heavy at All. 50mil shares at 0.05, only 2.5mil....During TG goreng days 2.0mil shares at RM20 ( 40mil )
also people jump like flies

i pity you talk nonsense here everyday And dont own any shares

I watch a repeat( tonite) on TV1, in an interview--- senior Gov officer confirmed ALR takeover Gamuda Highway
is a done deal. He expects Gamuda EGM soon. Maybe announcement tomolo

wish me Luck tomolo

PNB holding 40% of SAP is not a GLC. Its Fund is from Bumi member. Najib knew this a major problem if
SAP default during GE15. MoF is trying to put SAP under its wing or GLC Petronas. Should be done before
GE15 starts to kill off Pakatan rumour mill. Like it or not, SAP is strictly a Goreng stock. maybe already
control by sharks....yes, i am placing my bet for siakap dinner Or RM5000 Japanese Abalone

If you have no money to BET, you come here Talk day and nite also get nothing. This is a Goreng stock, Risks
are all Known. No need to convince ppl to buy or Sell.
Q again at 0.045 tomolo

only "scan" is interested in "target Completion" and all eventhough he doesnT own a single share ( atleast he didnT say how many shares he has Or what is his vested Interest ). We just drink Coffee and eat biscuit at
Gamuda and KPS

I heard from bank Colleague, some are discussing of possible Haircut but SAP asset disposal of Drilling
Rigs must be taken in to reduce Bank losses. Give or take one month, SAP will announce asset restructuring

This is what Banker did to AAX....impairment 33 Billion( Malaysia Record )...reverse impairment in 6 months.
Price at 0.512 so many virgins ikan bilis Bought for "long term "

SinGor, Tomorrow you will see Bankers that Lend alot monies to SAP will give "very High TP" to SAP
and declare SAP out of Wood bcos High Oil price and most important-----No need HairCut

Quarter Result on 30-Apr-2022[#1] QoQ - 101.39% YoY - 194.71%.

Profit 87mil

wa. looks like sap management want to "con" Bankers for a haircut while hiding 16 rigs and continuously
do impairment loss

JJ Banks do not agree to a haircut so far
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SAP bought SeaDrill for 8.63Bil back in 2013. Impaired close to 2Bil just before Oil jumps $120. Considering
a New Drilling Rig cost more than US$2.0Bil (8 bil each ) given Doubling of Steel price, nobody in the Right mind would Buy a New Rig ( need 4years to complete One ).
Given current situation SAP SeaDrill actually can Sell at 10Bil. I think given anytime, SAP can reverse RM2.0Bil
impairment Loss (into impairment Gain in coming Qr.) Okay, the Trick now is to force Bank for a haircut then
do a reverse impairment And do a revaluation of Asset after the Haircut. ( given SAP sold a floating Crane at
profit recently ). All SAP book losses can wipe off if SeaDrill has a Buyer

Whenever you got Ular present, most people suffer nose, ear and mouth Bleeding

suddenly SAP forum become too noisy. Want to get in.....only elbow Room. Many ikan bilis started Top Up
cash to goreng SAP. This week Qr results Out. Wed no out, better Run

A Toyota EV cost RM 170,000--215,000 Tax Free......A Perodua MyVi cost 45,000--55,000. It will 10--15 years for
Toyota EV to Gap MyVi price if Technology allows it. I think Gov has to Tax MyVi 200% to make EV competitive.
Battery Can replace Petrol is a Dream in 20years (maybe 30years using Hydrogen )

Malaysia always got flooding. If flood water gets into the main circuit Board, it is cheaper to Buy a New Car
than replacing the parts. This is what my cousin told me, his GuangDong Boss Tesla is send to the scrap yard
after last week GuangDong massive flooding

Battery replacement is a must after 5years. So after 3years, your EV car will suddenly depreciate by 15,000
more plus normal Car depreciation

PunTatBerSiul
Battery cost is one time and not recurring like fuel or maintenance.
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DonT be Conned by EV Battery........EV maintenance is 200--300% more Expensive than Petrol Car in long Run.
Battery replacement cost RM12,000 after 5years ( my cousin in China using Tesla Battery for Chinese EV )
Every moving parts have same replacement requirement as normal petrol Car. Electronics replacement is
warranty is 2-3 years but always konk-out in 3years ( usually EV circuit board is 3X -4X more Expensive than normal Car )....my Honda Car didnT need engine / Gearbox / Transmission replacement even after 9 years

https://www.malaysiakini.com/news/625999
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Why Umno Supreme Council cannot walk into Sabri's Office and Tell him not to remove Subsidy....Why Go
public?? Umno has 2 Flag bearers. People can Feel it just like PKR, Anwar loosing control of his Party to
Azmin a few years back.....Maybe UMNO will Not win GE15 but only a larger majority like 40--35%

My Japanese Car cannot used RON95 so i am screwed big time already

Singapore get frozen chicken( USA + Thailand ) Cheaper than from Malaysia ( most of time ) It is Live Chicken
for Hainan Chicken Rice is mainly source from Malaysia. During Covid period, Eggs are Dumped in Landfill
bcos Singapore Demand drops ( Malaysia Egg producers refused to Sell Cheap ). Packet Cooking Oil is still
subsided. Only Malaysia Chinese Buy Plastic Bottle Cooking Oil, ALL Kampong people using packet Cooking
Oil

https://malaysia.news.yahoo.com/pas-president-ge15-held-soon-090429321.html

Even PAS wants GE15 to be held Soon. Cancelled Electricity Tariff increase. GE15 August / Sep time frame.
Many feel Good announcement by July coming

at 0.70--0.72, IDSS will come in to attack. They see weak holding power

Regardless what is happening in UMNO, i think BN will get a Majority in GE15. Can form Gov.( not sure)
People are sick of PKR, PAS and BERSATU....
Almost 90% chances..SERB and SAP will get political rescue. However Serb is more difficult, Court case and
possible Ponzi Biz dealing is very Tricky. If you look at Azmin desperately asking PKR for a "return", you know
for Sure GE15 is very Near. PKR said August / Sept. DAP already positioning Flags( Dry Run ) in many DAP
control area Last Week
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https://www.malaysiakini.com/news/625418

https://www.malaysiakini.com/news/625381
Razifi said GE15 August Or Sept. I still dont know what Stock to BET

SAP rigs should be getting $88,000 to $110,000 Day Rate with New Contracts in Thailand ( just announced )
SAP has 11 Rigs while Velesto has 6 Rigs

WEIMEY
The offshore drilling rig market is really tight which in return I can see it will further push up the dayrate to above $100,000 per day
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Day rate in 2014 was $160,000 average( Oil at $100 ). Velesto was RM4.00.... Every Qr in 2014, Velesto net profit was around 50--80mil....The BIG ifs---Day rate Hit $150,000, Velesto Profit Hit 30mil in 3Qr22. What is
market pricing for Velesto in 4Q22?????? ( Given Velesto Net Profit at 17mil with 7 rigs@ 80% where DCR
$77,000 )

You know why HLG give 0.01 TP. They didnt loan to SAP. If HLG loan SAP 1billion, their TP will be 1.50 or
more......Just like AAX

So who Loan Sap RM 10.3billion???
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“The participating banks are Maybank Islamic Bhd, CIMB Bank Bhd, CIMB Islamic Bank Bhd, RHB Islamic Bank Bhd, AmBank (M) Bhd, AmBank Islamic Bhd, Export-Import Bank of Malaysia Bhd, United Overseas Bank Ltd, Labuan Branch, United Overseas Bank Ltd, Sumitomo Mitsui Banking Corp, Labuan Branch, ING Bank NV, Singapore Branch, Standard Chartered Bank, Offshore Labuan, and First Abu Dhabi Bank PJSC, Labuan Branch,” it said.

Stock Market is about liquidity and manipulated TP like TopGlove....can goes up RM70...
If Bankers knew they have No choice but a HairCut, they will manipulate Report and TP to recover some "Hairs"

So i believe SAP should has a Higher DCR rate from Thailand ($88K )

checking back Velesto Earning in 2014 where Oil Hit $100.....profit every Qr was from 60--70mil for 7 rigs.
DCR should be around be around US$ 155K--165K in 2014. ( DCR in 2021-21 is around US$75K--80K )
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Dayrates are on the rise — in Malaysia, the average in the first three months of 2022 was US$77,000 compared to about $88,000 in Southeast Asia. Velesto had an average jack-up rig utilisation rate of 39% as compared to 78% in the last quarter of 2021
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