More n more cuban curut coming ke...

Seacera NTA 1.22 still got cash flow issues..ha ha huge margin of safety..

Why beyond2288 disappear??

Ho ho here no curut ma....

As i ask earlief is IK is MM78?

See oredi said SuperPanda is the earlier respectable one ...follow wsj 1x..

Initial kanger actor which always use fake account to make very very abusive comments like johnchew11..johnchew12 ..johnchew13..then all suspended ..i follow one of the actor to armada..thats why use fake account whom i had listed in kanger including my self ..since no more kanger actors here ..i use back my acc..

Are u sure Armada gearing ratio is about the same as Yinson: 0.78 vs 0.56..haha

Included in the current secured term loan is a RM188.1 million AFGSML bridge loan, which is intended to be refinanced via long term financing. In April 2019, the lender waived its right to issue a cancellation notice for full repayment of the loan and extended the repayment date of the loan from 12 April 2019 to 11 October 2019.

As at 30 June 2019, the Group’s current liabilities exceeded its current assets by RM1,209.1 million mainly due to classification of non-current borrowings of Armada Kraken Pte Ltd (“AKPL”) of RM1,568.4 million as current liabilities.

And i am not idss player ..just a medium term player..

Agreed with Panda, lowest 24 cent for tis round ..maybe 0.245

Ho ho agreed dont be one sided .

The big boss is plan to sell power plant , total 6 billion.

Yin can do , Yang (Da) can do but not arma loh ..

Cheers..

Investing is not an art , yes is with risk management by scientific risk calculation ..not just blindly follow...

Scientific risk calculation not just FA n TA , also the big boss n BOD factors..

Cheers

The big boss investment RM 25.7 billion in India going to drain as sued by India goverment together with ex Astro deputy executive chairman and related Maxis on money flow in..

Scary..

Here no curut to enjuy..

Cheers

Today newspaper article on Armada sold Perdana : Armada said Perdana buyer shall be operating in a new oil field.

Payment details:
Received RM 18.8 mil out of Rm 23 mil downpayment ..Balance to be pay by tis yr.
RM 21 mil to be pay within 6 months upon vessel handover or first oil date.
Sales Balance to be pay within 2 years upon first oil date..

A very good deal just to show 3QR result is good..a fishy deal...

On 14 March 2016, ABPL filed a Writ of Summons in the Supreme Court of Western Australia (“Supreme Court”) against WEJ for, inter alia, (i) a declaration that WEJ was in repudiatory breach of the Contract and (ii) damages for WEJ’s breach of the Contract. Subsequently, on 20 April 2016, ABPL filed its Statement of Claim in the Supreme Court against WEJ claiming for damages in general for WEJ’s repudiation of the Contract, and the amount of such damages has been quantified by ABPL to include the sum of USD275,813,698.63 (being the amount of the termination payment to which ABPL is entitled had the Contract been terminated without breach) plus any additional damages for loss of bargain caused to ABPL as a consequence of WEJ’s repudiation of the Contract. ABPL is also claiming for the additional sum of USD7,700,000.00 for work done and materials supplied pursuant to the Contract. WEJ had, on 2 June 2016, filed its defence to ABPL’s Statement of Claim. The trial for this matter has commenced at the Supreme Court on 18 February 2019 and the parties served written closing submissions and made closing oral submissions on 26 and 27 March 2019. Judgment is expected around October to December 2019..

ON Armada Claire not to mention on the chances of winning as the fixed term 4 years is over by 2015..optional annual renew got signed or not is in ?? as the original company was changed hand in 2015.

Even armada win , the amount shl be the work done USD 7.7 million plus interest , ie : abt RM 35 mil.. refer to Zelan won the Meena arbitration on end July 2019. Claim balance contract order RM 600 million but awarded Rm 300 million on work done n material plus interest n also performance n maintenance bond.

Ho ho Cash is King , earn it by right way/ good intention by not just blowing on the sectional good news to mislead ikan bills/ retail investor.. even in Kanger , one of the investor said he mistakenly bought n will revised his tp so that his group will sell at anytime ..

As at 30 June 2019, the Group had total assets of RM14,918.5 million, a decrease of 4% compared to 31 December 2018, mainly due to a decrease in property, plant and equipment (“PPE”), trade receivables and deposits, cash and bank balances. PPE decreased due to the depreciation in YTD 2019 and lower translation of PPE for subsidiaries with functional currency denominated in USD as RM strengthened against USD in June 2019. The decrease in trade receivables are mainly due to receipts from customers in YTD 2019. The decrease in cash and bank balances is mainly due to repayment of bank borrowings.
As at 30 June 2019, the Group had total liabilities of RM11,595.5 million, a decrease of 5% compared to 31 December 2018, mainly due to repayment of bank borrowings.

GEARING ratio is 0.78 , total debt 11.5 billion with yearly finance cost of 528 million.

Bad intention will bring bad karma .. just timing only

Relaks, enjuy cuban curut sini..

Moneykj1 good research n analysis , hope u have another good recommendation as Dsonic.. I gain a lot.. tq

Ho ho still diam diam , Let’s see Tuesday..

Congrats moneykj1 sure profit .. let’s see Tuesday...

Of coz not a good fundamental counter cannot reply with facts comments!!!!

Why EPF keep selling ...

Nowadays klse players % : foreign funds-50% , Local funds -35% , retail investors- 15% , foreign funds on selling mode....hahaha

Monday will up then down....

Total borrowing rm 10 billions , gearing ratio : 0.7,,,

Oil n Gas market sentiment is no good in future..US now is the biggest exporter not biggest importer, another supply line in progress...
Another supply line in progress due to no export market, so for own use whole country will flush with oil..

Another supply line in progress due to no export market, so for own use whole country will flush with oil..

Perisai hv one unit drilling rig

Oil n Gas market sentiment is no good in future..US now is the biggest exporter not biggest importer, another supply line in progress...

Ho ho how to add 15 drill rigs?????

as Velesto 7 unit jack up rigs 6 in operation with order , 1 unit in operation by september..

The Petronas Activity Outlook report for 2019-2021 indicates that the national oil major requires 16 to 18 jack-up rigs this year, and 17 to 19 in 2020 and 2021. This is in stark contrast to the fourth quarter of 2018 when nine or 10 jack-up rigs were deployed in Malaysian waters.

Truetrader u r enjoying ...haha
Hunger4money .... yessssssssssss.. haha

Moneykj wat happen? At least let’s yr follower die die understand..

No hope...

Relaks enjuy curut sini

Bad intentions will bring bad karma .. just timing only

Thank you

Kanger : Last 4 year total profit 20.8 mil stil kena going concern liabilty more than asset. 2017 cfo is resigned.2019 another cfo is resigned . worst audit committee independent n non executive director is resigned on 16/7/19.external auditor also resigned. This account book only ghost can do. 2nd QR report will be much issue.bkb hevea is 2014 old news still use .. some more container big big order . Like xingquan to be delisted on 16/8/19 due to financial report cannot be out as one big big order cannot be justified.

Another going concern is china 1st qtr GDP 6.4 % .China need 8% to create 10 mil job vacancy to cater ppl need. Kanger market is 50 % local china, business will be affected.worst still US China trade war , kanger export is 50% mainly North America, business is very much affected.

The Edge reported that Kanger International Bhd managing director Leng Xingmin’s stake in the bamboo flooring maker had dropped from 55.17% post-IPO to 24.45%.dated 21/7/2017 . And today is only holding 11%.indirect shares China MD easily bawah play ping pong.
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Johnchew Kanger International Bhd’s wholly-owned China-based unit YanShan (Country) Kanger Bamboo Industry Co Ltd (YanShan Kanger) has been directed by the YanShan County’s to cease its factory operations until further notice.

In a filing with Bursa Malaysia today, Kanger said YanShan Kanger is recommended to temporarily stop operations or transfer its factory under the directive of the YanShan County, in respect of expediting the county’s development and beautification of the environment— scary

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Refer 1QR unaudited: total borrowing = 64 mil, receivable =rm 70 mil , payable = rm 7 mil , what a good profit business 70 mil vs 7 mil .. must be one big big order with huge profit ( same as xinquan case being delisted ) , and no progress report on the rm 93.2 mil development project signed with JCIPC on 1/6/2018.

That’s why external auditor issue Going Concern on 2018 annual report , financial figure cannot be verified include non current asset PPE.

2nd QR report just change receivable =rm 70 mil to huge profit will do .. so easy since still unaudited, then 3rd CFO resign...

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Going Concern— PN17 or Delisting SOON —- RUN

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Kanger to issue RM100m debt
Friday, March 31st, 2017 at , Business | Corporate Malaysia

Kanger International Bhd is undertaking an issuance of upto RM100 million worth of redeemable convertible notes programme comprising redeemable convertible commercial papers and/or redeemable convertible medium term notes (RCN) and diversification of the group’s principal activities to include property investment and management.
29/08/2019 8:12 AM
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Johnchew Kanger to issue RM 100 m DEBT

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Johnchew Going Concern-PN17/Delisting soon-RUN

There is no crash before US election next year Nov’2020.

KUALA LUMPUR (March 11): Zelan Bhd has initiated arbitration proceedings against NRY Architects for as much as RM305.4 million over the construction of buildings for the International Islamic University Malaysia (IIUM) in Kuantan.

Zelan said in a stock exchange filing today that NRC had breached a contract signed in May 2013 with Zelan’s wholly-owned unit, Zelan Construction Sdn Bhd.

This is the reason why Zelan recurring yearly concession payment on IIUM project do not commence from 2016 until Nov 2018.. 3 year losses n opportunity losses..

Tuesday volume is 1.6 m

Relaks enjuy curut sini.

Today announcement Zelan won BBCC arbitration award of abt rm 3 million. This shows zelan project team professionalism that certified claim documents are well managed and filing...

Kanger to issue RM 100 m DEBT

Going Concern-PN17/Delisting soon-RUN

Kanger to issue RM100m debt
Friday, March 31st, 2017 at , Business | Corporate Malaysia

Kanger International Bhd is undertaking an issuance of upto RM100 million worth of redeemable convertible notes programme comprising redeemable convertible commercial papers and/or redeemable convertible medium term notes (RCN) and diversification of the group’s principal activities to include property investment and management.

（纽约27日讯）美股近期震荡，日本野村宏观及量化策略师Masanari Takada重申了美股恐发生“雷曼式暴跌”的预测，并且认为可能会在本周发生。

《CNBC》报道，Masanari Takada曾在本月预测，美股8月中以后会出现抛售潮，即将到来的抛售潮有可能会是“雷曼兄弟式”的疯狂，周一他再重申，在市场情绪并未改善，他相信美股本周可能会出现超大型抛售

Going Concern-PN17/Delisting soon-RUN