https://www.thesundaily.my/business/malaysia-s-manufacturing-sales-value-expands-112-in-february-DF9061959

2022 Feb, Electronic Manufacturing jumps by 9.8%

with 190mil after ALR deal is completed, KPS should distribute 50% proceed back to shareholder Or 80mil
which about 15cents. That will make me very happy.

Gov estimate at current Toll rate ( Sprint worth end of concession) is 1.80Bil And Gov pay off Bank Loan
for KPS ( 190m Now) KPS extra cash flow from Sprint for next 5yrs is about 40mil ( give or take Traffic Vol. )
Good Deal or Not-----For me it is Okay bcos can confirm Loan Payment. Now KPS has future cash about
200mil plus own sinking Fund proceed which can be used to buy new Company( some dividend for us )
All in, accumulated Cash from Sprint should be 350mil---400mil for KPS management

Highway concession( built and operate) is very similar to your House Mortgage. First you have equity basically
the Total Cost to build Sprint Highway which around 950mil and then for next 15yrs or so you have to Collect
Toll to pay Bank Interest, Highway Maintenance and "make reasonable Profit" for your Time and Investment.
During BN-Era, investment highway profit is around 8--12% ( IPP gets 30% during Mahathir era)
Anyway All this "foreseeable profit" are generated by Number of Traffic. However as Data given, most
Highway Operator cannot cover the Equity portion even after 10years Operation. And They have to pay back
Bank Loan in say another 5-7yrs. So what they do is to "Increase Toll by as much as 60% " in last 5 years.
This a consumer Trap bcos people built their Houses, factories, Schooling, Tuition Centre along the Highway.
No Public Transport can replace this locations and worst still families already Bought 2 Cars.
What Gov Takeover Sprint Equity 950m will mean KPS can repaid 190mil Bank Loan (20%) but still
has 5--7yrs to Collect Toll rate as of 2022 ( still in nego...not confirmed yet )
Of course KPS will receive as Huge Cash pile ( no need to pay back bank yet )---Maybe give some dividend
bcos most Corporate accounting allocate Equity Repayment from day One ( meaning they start saving Bank
repayment in a sinking Fund ) KPS do has a Huge Cash Account in its Books

Selangor Gov is always very fair when they want to take any asset private. KHSB taken out in 2013 from KPS
( 59-60% ownership), i got 75--76cents / share. Splash sold to Air Selangor, i got about 37cents dividend,
KPS used Balanced proceed to buy CPI and Toyo ( now combined worth atleast 1.50 if listed )
There are many Con-CEO that will squeeze every cents out of shareholders if they want to take Co private,
but not Selangor Gov-----That is the reason i held KPS for more than 12year or more ( i cannot remember exact time frame---maybe more)

With such Lucrative Orders in Hand, i can see some itchiness to take KPS private. Given Asset in KPS valued
3 times current Cap and small outstanding Shares (less than 150mil shares including top 30 holders )

KPS (aqua flow) used to receive about 150--200mil of water treatment Chemical purchase Order from
Air Selangor. Now with 2 Water Treatment Plants ready in 2023-4, water treatment Chemical Orders from
Air Selangor will reach 500--700mil per year. I think Post-Covid will see Water consumption in Selangor
to run from 20--25% increase per year which means by 2030, Air Selangor needs another 2 Water Treatment
plants due influx of Indonesia and Bangla in Manufacturing Sectors

KPS Ceo has mention before, KPS has a few years Left to Completely paid Off loan borrowed to buy Sprint.
Impact on KPS's book is less current liabilities( loan service) but will collect back a Huge amount of Cash.
Most likely a 25--30cents Special Dividend

Shanghai is now confirmed Lockdown. From historical data, China battle with Omicron with take atleast
6 months....China is a vast Country, not so easy to control Omicron. Together with Manufacturing fleeing China
Due pro-Putin stance, KPS will receive Larger than expected Orders from Plastic Injection and Electronics Parts
manufacturing from EU and USA

Only "OLD" contracts are caught by rising Cost.----New Contract nowadays are strictly Cash Deal with attached
Conditions. If Manufacturers cannot buys raw material at reasonable cost, we can terminate Contract with
2 weeks notice ( this is what i am doing---like it or Not it is up to Buyers ). Since KPS revenue keeps
increasing with reasonable profit, i think their procurement manager is doing a Good Job

High Oil price is here to stay, atleast 3-4years---Just imagine Sabah didnt pay rental to Sulu Sultan and EU
Court judgement is 64 BILLION----Russian damaged 99% of Maripul and 30% Kyvix Buildings.. How much
Ukraine will ask Russian to pay And the final killer shot is War Crime against Putin. Seat down and think
about it, you will agree with me---this war will only Ends with Putin death (not possible )

When Oil price plunged, Rig Rental plunged. Now Oil price in 130 range, Everybody wants Old Rate and Long,
long Contract-----Dont think Velesto management will accept anything less than 40% up....given all Sapura
Rigs are taken Up. How can anybody Find spare Rigs around Malaysian Water??????

Although Petronas offer 2 years Contract but Velesto do not have to take Petronas offer.---Everything depends
on Daily Rate Offer. Right now up 4Q21, Velesto earnings are based on Old rate. and uncomplete Contracts
offer by different International Co. Once New rate are established, earnings will leap----Why take Petronas's
offer if other International Co offer Higher Rate and longer Contracts

All SUPERBULL starts when Institution Buyers are sleeping. Reason, they have to rush in to Buy.
VELESTO will be 2022 SuperBull in Making...
1) Vested interest from PNB ( 30sens Cost )
2) Petronas suddenly Sapu All Velesto Rigs ( Petronas is never this Bullish bcos Everybody is Talking about
............going Green just 24months ago)
3) Lacking of Oil Well Drilling from Every Corner of the Global (atleast 2yrs).....mainly affected Covid
4) Ukraine War....USA and EU CUTTING Russian Oil.....This is LONG term Demand shifting to Petronas
5) Sentiment shifting from Electronics to Oil. Who wants to buy a EV car to be Bommb by Russian. Food
price has Rocketed. Bread / Wheat price has jumped 60%. Do you think Western Consumers will buy a new
handphone Or LapTop with 12--15% Inflation.....They are more worry whether they can pay Rent next month

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3235001

Hydraulic workover that Velesto get from Exxon maybe getting popular --- Open Up "Brown Well" that is Not
economical to operate at $65 Oil But at $130 is a different story.---Drilling New wells take Time and Not
always successful. Opening up Old well is much faster to capture High Oil price. There are Hundred of this
plugged Old well in Malaysia water.

NEW YORK CITY – Demand for floating rigs is soaring in the new year, with floaters making up 86% of the awards in February thus far, according to Evercore ISI’s latest Offshore Rig Market Snapshot.

While no contract awarded was for more than four months, the firm commented that “day rates are clearly trending higher with Transocean signing a new contract for the Deepwater Asgard at a substantially higher rate.”

The report noted that the seventh-generation drillship was awarded a two-well contract from an undisclosed operator in the US Gulf of Mexico at $395,000/day, up from its current $295,000/ day charter with Hess. Evercore said that the rate “likely includes managed pressure drilling services,” with Transocean previously disclosing that the $295,000/day average on the Deepwater Asgard’s one-well contract with Hess received an incremental $40,000/day for MPD services.

Evercore notes that while MPD is generally required for HP/HT reservoirs such as Petrobras’ presalt regions and the Gulf of Mexico’s Lower Tertiary areas, it is also used to enhance drilling performance.

About 30 floaters and three jackups are fully equipped with MPD currently, with NOV recently upgrading the Noble Gerry de Souza with MPD and a second BOP for its one-well plus two option well contract offshore Suriname for APA.

02/15/2022

Shorties has Booked 26mil----Monday will be a Mad dash to buyback

Petronas is Not the Only operator in Malaysia Water. Atleast 3 more International players ( Shell esp). Everybody wants to Capture "Price " when it is surging And Velesto is the One in Malaysia that has High Value Rigs. Very Obvious Daily Rental price will sky Rocket too ( now I think around 70,000 per Day )
Velesto announce Booking But No Daily rental rate ( who pay higher who get its Rigs ) This is Biz. Velesto is in
Biz to make Money---- Not to do National Service. As you can see for last 2 years, Velesto Rigs are mainly used by International Co. ( petronas cut back----now they want to sapu ALL velesto's Rigs. ComeOn where got such Fat frog jumping around----Pay Extra then Petronas gets Rigs----Biz mah )

USA & UK already announce they are Cutting Oil import from Russia---EU will completely Ban Russia Oil by
2027. Russian supply about 10% of World Daily Need( 102mil Barrel a Day ) about 10mil Barrel per Day.
OPEC has announced MAXI daily they can pump ( extra ) about 700K --800K barrel. A short fall of 9mil barrel
a Day-----Even Velesto can put 30 extra Rigs, it cannot produce 1mil Barrel a Day. The short fall will keep price
up at $90 / Barrel for atleast 2--3 years bcos USA and UK Cut Russian Oil

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3242374

Petronas has Booked All Velesto Rigs for 2022(Qr1) and 2023. I only hope Petronas daily Rental is above
average.....As of tomorrow, Velesto Earnings for 2 years are Written in Stone.

without HK ipo, Tax Makmur is a serious TG Cash drain. Usually T.Sri dont supot price last minute before
Quarter results. I have a strong feeling T.Sri wants to get Tax Makmur off its Books...Tomorow everything will
be very Clear

I saw what inside a Tesla circuit board in China. Mostly micro-processor and EEProm. I saw markings on Chips
are Made in USA or USA electronics Giants, most like made in Japan, Korea or Japan Multi Co.
If Silterra is still using 28nm photolithography, Sliterra wafer based IC usage is quite wide mainly Robotics Toys, Housing Alarms, normal nokia handphone ( not smartphone), amplifiers, auto-gate, and Industrial Circuit
Board that can withstand high Current.

Buyer 32mil , Seller 17mil.----maybe warming up for a Bull Run given Oil $110

failing to register 3.6Bil as impairment loss last year is a accounting anomaly...External Auditor has to resign..
Registering 3.6B losses in coming Qr may be used to eliminate Tax Makmur. But HK ipo will be Hit Badly

JJchan

In a television interview, Pedro S?nchez said he believed the EU ?will endure a far-reaching conflict with Russia that sadly will be quite long-lasting?. He added that ?Europe cannot depend on Putin?s Russia for 40 per cent of its gas; this is a vulnerability we have to end?, as he called for new gas and green hydrogen interconnections between Spain and the rest of the continent.
________________________________________________

EU will buy LNG from Malaysia

For a small Co. with 537mil shares----KPS has RM 461mil Cash. Very Conservative Co. Or planning to Buy more Companies-----With NTA 1.93 ( prime target for takeOver )

Germany today said they will build 2 LNG terminals( fast track ) and Buy up anybody Vol who
can supply. SAP can rapidly expand its LNG gas fields and Germany will Sapu everything bcos
Russian supply 55% of Germany Gas usage...Very Huge, huge demand for LNG from Germany

natsunko-----if you take 624mil and minus Silterra and Ping acquisition amount and compare it
with coming Qr cash account, you will know how much money Dnex makes from Operating profit
for the last 14months ( within Silterra acquisition period---guess-estimate )
Your 350mil Dnex net profit in one Qr will Higher than TopGlove next Qr results (profit)

u are the few who predict net loss in this qr , very different views !
I think dnex will hit 3xx million
----------------------------------------------

natsunko-----Where do All Dnex Cash comes From???? Selling own shares---Dnex hardly
making any Money in this Period ( All Hype..... )

31/12/2020......Outstanding shares----1.908 billion ( 9momths later 2.991 billion )
20/02/2022......( Today ) Outstanding shares ---3.155 Billion

If i guess average shares sale is 50cents, Dnex Cash account jumps by a whopping 624million in
14 Months

Anyway Biz is Biz, Dont care what you Sell as long as your Objectives are Met

Qr results should be out on 25Feb. Most likely Dnex will pose a operating Loss between 40--100mil
depending on revenue gain during this period. Most of the losses will be Expenses for Upgrading
Silterra. I think Ceo said Silterra needs 500mil for upgrading over 2 years. Looking at Ukraine
situation, it is better Silterra expansion be expedited. Once the confrontation is over, chip demand
will come back rapidly. Unless new confrontation may start between USA & China over who is
responsible for Covid ( US President Election coming in 1.5 year time )

Opportunity for Contra players to make quick money

China is a serious Nitrile Glove competitor to Harta and TG

The reference to China's Nitrile Glove industry as a whole to mainly listed Co.(shenzhen)---Blue Sail Ltd is wrong to a great extend. My HK remisier once told me, Blue Sail manufactured mainly
PVC glove ( transparent & disposable ), those used in Serving Food in Restaurant. Due to Covid
and rampant restaurant Closure in HK, Shenzhen and GuangDong----Blue Sail production drops
by 60% or more....
However last 2 years Blue Sail has enter Nitrile Glove production on a huge Scale but there are
more than 200 smaller Nitrile factories( unlisted) pushing for more production Lines too.
The total production of Nitrile Glove in China is still a unknown---

The assumption of China Nitrile Glove is Loss Making is seriously false

TG is facing a perfect storm. Falling Demand and $90 Oil will keep nitrile raw material Up.
Omicron wave is subsiding in UK and EU, demand for Glove will plunge while WorldWide Glove
production Lines are All going on stream in 2022 ( what can be worst )

From last year till today, steel materials increase by 30%--60%. I saw in the Contract, no VO, or
cost adjustment allowed. Most likely Taliworks contract will either loss money Or just breakeven.
KPS is better off supplying Chemicals, pipings and EarthWorks.
If KPS received any contracts, it is better later than first to receive (atleast movement of raw
materials can be adjusted or procured First) I think Air Selangor CEO is helping KPS in this
respect since current CEO( air selangor) is also previous CEO of KPS

https://www.theedgemarkets.com/article/rm300m-gain-us-dollar-rise-oil-price

For every $1 increase Oil price, Malaysia wealth Or Petronas increase by RM300mil....
Oil at $100, Velesto should ask for more Drilling Price---Even West hit Recession, China and
ASEAN is still running at 4--6% Growth and there is actually less Oil output than pre-pandemic
bcos almost every Banker in West refused to pump money into Oil Drilling

https://www.theedgemarkets.com/article/rm300m-gain-us-dollar-rise-oil-price

I am Bullish for 2022 bcos for every $1 increase in Oil Malaysia makes RM300mil...Oil now $90

TanSri has pledge Security in every Bank and Securities House in Malaysia and Singapore...

Margin Call is a "DEAD CALL"

4. THIRTY (30) LARGEST SECURITIES ACCOUNT HOLDERS AS PER THE RECORD OF DEPOSITORS
No. Names Shareholdings %^
1. CIMSEC Nominees (Tempatan) Sdn. Bhd.
- CIMB for Tan Sri Dr Lim Wee Chai (PB)
743,833,200 9.29
2. Citigroup Nominees (Asing) Sdn. Bhd.
- Exempt An for The Central Depository (Pte) Limited
612,170,048 7.65
3. Citigroup Nominees (Tempatan) Sdn. Bhd.
- Employees Provident Fund Board
414,058,266 5.17
4. Citigroup Nominees (Tempatan) Sdn. Bhd.
- Exempt An for Bank of Singapore Limited (Local)
225,200,000 2.81
5. CIMSEC Nominees (Asing) Sdn. Bhd.
- CIMB for Firstway United Corp (PB)
182,245,528 2.28
6. Citigroup Nominees (Asing) Sdn. Bhd.
- Exempt An for UBS AG Singapore (Foreign)
166,230,000 2.08
7. CIMB Group Nominees (Tempatan) Sdn. Bhd.
- Pledged securities account – DBS Bank Ltd for Tan Sri Dr Lim Wee Chai (SG1400360353)
150,000,000 1.87
8. Tan Sri Dr Lim Wee Chai 143,478,700 1.79
9. MFP Capital Corporation 125,952,922 1.57
10. UOBM Nominees (Tempatan) Sdn. Bhd.
- United Overseas Bank Nominees (Pte) Ltd for Tan Sri Dr Lim Wee Chai
122,100,000 1.52
11. Kumpulan Wang Persaraan (Diperbadankan) 121,735,550 1.52
12. HSBC Nominees (Tempatan) Sdn. Bhd.
- Pledged securities account – HBAP SG for Tan Sri Dr Lim Wee Chai (PB-SGDIV)
114,000,000 1.42
13. UOBM Nominees (Tempatan) Sdn. Bhd.
- United Overseas Bank Nominees (Pte) Ltd for Tan Sri Dr Lim Wee Chai
105,900,000 1.32
14. Maybank Nominees (Tempatan) Sdn. Bhd.
- Nomura Singapore Limited for Tan Sri Dr Lim Wee Chai (419597)
90,000,000 1.12
15. HSBC Nominees (Asing) Sdn. Bhd.
- JPMCB NA for Vanguard Emerging Markets Stock Index Fund
73,683,690 0.92
16. HSBC Nominees (Asing) Sdn. Bhd.
- J.P. Morgan Securities PLC
72,427,124 0.90
17. HSBC Nominees (Asing) Sdn. Bhd.
- JPMCB NA for Vanguard Total International Stock Index Fund
68,951,098 0.86
18. Cartaban Nominees (Asing) Sdn. Bhd.
- Exempt An for State Street Bank & Trust Company (West CLT OD67)
65,331,394 0.82
19. Lim Hooi Sin 61,736,760 0.77
20. Citigroup Nominees (Tempatan) Sdn. Bhd.
- Exempt An for AIA Bhd.
60,926,200 0.76
21. Maybank Nominees (Tempatan) Sdn. Bhd.
- Maybank Trustees Berhad for Public Ittikal Fund (N14011970240)
60,000,000 0.75
22. RHB Capital Nominees (Asing) Sdn. Bhd.
- Pledged securities account for Firstway United Corp (RHB Bank (L) Ltd)
59,600,000 0.74
23. Cartaban Nominees (Tempatan) Sdn. Bhd.
- Exempt An for LGT Bank AG (Local)
57,940,000 0.72
24. Cartaban Nominees (Tempatan) Sdn. Bhd.
- PAMB for Prulink Equity Fund
56,686,600 0.71
25. Tan Sri Dr Lim Wee Chai 55,800,000 0.70
26. Maybank Nominees (Tempatan) Sdn. Bhd.
- Maybank Trustees Berhad for Public Regular Savings Fund (N1

TanSri can get "margin Call" if TG hits RM1.0 and below---Breaking below 2.0 is very tense for
TanSri family

https://klse.i3investor.com/servlets/stk/5284.jsp

LcTitan plastic resin products QoQ up 285% ( last QoQ is terrible ) Usually Resin producer is last
to make profit during economy "upturn" bcos they cannot increase price rapidly----Finished
product Manufacturer like KPS is always First to register Profit. Last Qr KPS register 28mil profit.
If KPS register 50--60mil profit for next Qr------Do expect 4cents dividend

2022 will be a massive Hit and Run market----Mostly initiated by Bankers who wish to cover
back Genting losses And keep their Job

Banks has loss close to 2billion in Genting. To recoup some losses, they will goreng low liquidity
counter like BAT----Bank portfolio manager not only loss annual Bonus but also their Job too---Desperate Time requires Desperate measure. I also think they will short Gloves counter kaw-kaw

I think keep minimum exposure to Top. Banks has loss atleast 2 billion in Genting. Where can
they recoup these losses Legally in 2022??? Shorting TG is a Good Option. They will use IDSS
to keep pushing Down

Shorties are very Brave---only 8 Trading Days before Results coming Out. My Bet is Results are 30% Better than Last Qr

some Sap's vendor are spoiled brats. Average private sector payment during Covid era is 4--6month And Gov.( public sector ) can go as high as One year....almost every Co in Malaysia
is Not paying On time. I think it is Time SAP delete / remove financially weak Vendors----Good
time these Vendors never say SAP is Good pay master, bad times they cry infront of camera

so what do you know about Nylex to make such a comment??
Almost 600mil revenue are mostly from making chemical for Vinyl floor mat ( kampong staple )
Polymer are mostly for farmer netting and GeoMat for mountain slope and Construction facade
covering---when Kampong people starts spending---it means their son has job, Palm Oil / Rubber has Good price ( Economy moving----Good for Industrial supplier like KPS )

KPS suffers more losses during Lockdown Qr bcos of NO production rather than raw material inflation----Everybody adjust for raw material inflation regardless what Industries or farming.
Just estimate how much your Wanton Mee / Beef Noodle price has Gone Up.

When Covid is in Full Swing, KPS has to secure Buyers Order ( limited ) so they sell at Loss.
When Covid is over, Buyers are chasing KPS for supplies. Why should KPS sell at Loss??

The Trend for the entire Industries is the same ( IC chips and Gloves )

Very Daring shorties ( short when results 4Q is coming Out on 7--10Feb ) I expect atleast 30%
increase in Revenue for 4Q ( no lockdown and everybody back to Office---surely smoke more)

https://klse.i3investor.com/servlets/stk/4944.jsp
_____________________________

Looks Nylex's Qr results ( Qr starts in Nov ---No more lockdown ) Nylex biz is everything polymer
or consumer plastics---cover a broad base Industrial polymer usage---" very impressive turn-
around Qr 2,200% "

Do expect KPS next Qr results to be same as Nylex ( KPS main Biz is Cement Bag, Consumer
Electronics Plastic, Carton Box ) The trend is same as Nylex

Premium Cigs is BAT real profit earner in next 5 years excluding Vape

There is No impact on BAT earnings for next 20years ( if Khairy succeeded ) Main reason 14--18
years Old smoke "something much stronger to get enough Kick "

anything against Cigarette is highly Unpopular----Even Covid Lockdown, Cigs is exempted.
Dont think khairy will be around after GE15 bcos he is aligned to Nobody (PAS might invite him to join )