This question remains unanswered : What is the purpose of a GLC ? TO maximize profits like a private company ? The reality finally dawns.

Even before GE14, EPF has already started selling. They probably knew something we do not know. It now transpired that MCMC has requested TM to cut broadband prices as early as Jan 2018.

I bought TM at 5 xx but I sold it off n just managed to make $30 per lot when I happen to discover some anomalies.

IHH borrowed USD loans from EU but its revenue from Turkey is in Lira.

There is not much the EU could do. Which EU country can afford to throw $$$$ from the helicoptor? Mobius said the possibility of capital controls in Turkey is real.
Erdogan offended Russia, EU n China. Maybe IMF is his friend now.

"GLC says implementation of the MSAP will hurt its earnings due to lower broadband prices"

What is the purpose of a GLC ????

Mobius warns of ‘real possibility’ of capital controls in Turkey

So much milk to suck. Sure looks like 1 month baby.

Why must EU support Turkey?? Turkey is not part of EU. Maybe IMF will support Turkey.

Whenever I see this type of reports in newspapers, I just turn the page away as it is all sendiwara. When BN was in power, they have all the means and chance to bring him back. But they acted as though nothing had happened.

The Turkish venture is the centre piece of IHH's growth strategy. This venture is bleeding eversince the Turkish Lira dropped against USD. It means whatever profit it made were totaly wiped our by forex losses.

"The lira is now down more than 40% against the dollar since the start of the year, making it far harder for Turkish companies to pay back loans they have taken out in the US currency."

The $$$ inside the trust account is for refund of input tax n it belongs to the various businesses. It is not meant for the gomen to spend it for development projects. By the way the ex-minister is saying, it means that the gomen has no intention to refund the $$$ to businesses.

Joseph Stiglitz said "macroeconomics always prevails". The US has one problem - inadequate savings. China does not have this problem.

There are so many unserved or underserved areas in which TM is not interested. So Singh says give other companies a chance to do so.

"Yes...all correct,in addition, for some streamyx user cannot upgrade to unifi and cannot enjoy free upgrade speed and somemore no reduce price, this is the biggest problem."

My sis-in-law lives in Tmn Johor Jaya but her housing estate has no Unifi. TM is fast asleep. Only Green Globin can wake them up!

Kandsamy's job was to tell the voters everything is fine in 1MDB.

That is how TM's monopoly will end.

Mr Koon has already said that he is not obliged to tell anyone when he is selling, notwithstanding that he recommended the stock.

It remainds me of one of my co-workers who asked us to buy this stock or that stock. The stock he recommended went up but he sold quietly. Suddenly, we heard him telling all share-kaki in our office that the stock is no good. It became a mystery to us then until one wise staff told us he had probably sold the stock to take profit.

I still have that book. It is abt fundamentals of investment. Anyway, Dr Neoh in an interview with The Edge, more than a decade ago, admitted that he missed the bull run of 1993.

In the near future, Thailand will build a new "Panama" waterway in Songkla with China's silk route initiative. What will happen then, I leave to yr imagination. Be afraid.

Do note that warrants issued by RHB Inv B with strike price of $5.10 is expiring this month, the last trading day of this warrant is 23 Jul.
Likely RHB Inv B is selling to stop it from advancing further.

Gobin said :"I have also asked TM to consider extending new and improved price packages to all sectors of society as opposed to just the targeted groups," he said.
Read more at https://www.thestar.com.my/news/nation/2018/07/13/gobind-urges-telcos-to-provide-cheaper-broadband/#ROzxA05f398WymAM.99

Better talk abt 1MDB

"Just a matter of lip service after all. Package 60 GB...only 2 weeks, finished !. Speed 30 MB, snail speed olready."

Yes, it is lip service.

No reduction in prices for other Unifi n streamyx packages? Lets see what globin singh has to say abt this.

Putin is a smart man n he will slowly play out Trump. Putin wants Russia to be as powerful as US if not the most powerful. As for Europe, they should form their own European Force n rely less on NATO. Trump is not talking abt leadership n morals but $$$$$

"READ A FENG SHUI CHART THAT MARKET WILL BOTTOM AT END JULY (AFTER A STEEP FALL) AND RISE CONTINOUSLY UNTIL NOVEMBER................."

The fung shui chart u read refers to Hong Kong stockmart or KLSE. It isn't the same.

US changed the goal post when they lost. The last time, they were talking about free trade n any nation that oppose free trade was deemed a pariah. Now that they find their dominance diminishing, they talk different things.

The technology they said China stole is actually from joint ventures with Chinese companies using a common platform to make money. All those ventures are handsomely rewarded with huge profits. WTO rules allow this. Now the US said WTO is unfair to them.

Talking abt military technology, some like stealth technology was freely given by US when one of its F117 stealth aircraft was shot down over Serbia using 60s Russian technology. Now US said China stole the stealth technology.

"The problem is when you want to buy in bull and sell in bear."

Hi Jon, I got the answer. It is enlightening reading yr postings!

Hi Jon, I notice that u have Petron in yr portfolio. What puzzle me is why do u invest big time in a company with little liquidity? Most of the time, the seller is at the mercy at the buyer.

When I was very young, I bought shares in a company which has little trading. When I wanted to sell, I found a big gap between the buyer price n seller price. My senior advised me not to trade in illiquid shares. That was my first lesson.

Hi Jon, enlightening reading yr post. Talking abt diversification, from my experience, it would do nothing to protect yr portfolio in a big downturn. In anticipation of a downturn, I just sold all my shares rather than sitting on paper losses.
I did it in 1997 on the start of Asian crisis and continues to do so. Nobody knew it would be that bad. After the Thai Bath was attacked, I sold all my shares considering KLSE is already toppish.
Then , on 2nd Sept 1998, I went into the market buying 50000 shares of only one company. I did not diversify. Some 3 months later, I made a big gain which was far more than I lost when I sold out at the start of the crisis.

In the Edgeweekly: "why TM's minimum RM700m dividend promise has run its course".

so much for the "stealing" claim

Under WTO rules, they are free to seek technology transfer from their foreign partners on a commercial and voluntary basis.

" a long long ago" should read as "not long ago"

China requires foreigners to joint venture with local company. Stanley Morgan said in doing so, the joint venture company will use a common platform to cut cost. This is how technology was transferred. not outright stealing as implied. This is stated in a long long ago article in The Edge Weekly. At the end of the venture, Stanley Morgan did make a huge sum of money.

Even Dr M talked abt technologyn transfer. Who would transfer their core technology to u?

"with the old fella is back.."

We need this old man. It is jibby who raise spectrum fees and put telcos on slippery slope. Why is BN gomen so hard up for $$$. Now it is clear that 1MDB have put M'sia in financial strain. Jibby is living on borrowed time. Even if BN is in power, crash will come.

All the wasteful gomen spending by Jibby such as TRX is just to put M'sian temporarily on cloud 9. Now there is oversupply of office space.
By the time TRX is completed, we are likely to see a recession. Google to see the correlation between recession n skyscrapers.

"since listing maxis had paid dividend amounting to RM 2.80.those who apply the IPO at 4.80 now still make.5.27+2.80=8.07"

U are right. But if u have sold at $7.00, u would have make even more.
Business dynamics now does not favour telecom sector. High debt, high spectrum fees, fierce competition ....

"When China is weak and poor, people rush there trying to help and urge china to reform for economic growth. Okay now china grew strong, people do everything they can to stop china. Pathetic human.
Should we prevent India from becoming the next china?"

They will also do this to India. Because if they do not do this, they have nothing to exploit. When China built the 3 Gorges Dam, the west were all crying abt environmental damage. They hope other ppl with continue to light oil lamps in their homes and they will come as tourist to enjoy the scenery.

When u are weak, others will grab yr land. Macao n HongKong are examples. Why Falklands belong to Britain ???

"Looks like a real news! TM in discussion with Axiata on merger and acquisition exercise.Informal meeting underway to lay out future of both companies...isn't this good news?"

Is this real? If it is, it is good for TM. TM can hive off GreenPacket which is bleeding red ink. It will become the most powerful telco with dominant fixed line business and mobile business. It can afford to lower broadband rates.

Where is the Valuecap?

"Do not fall in love with stocks u are holding". Once the 5 Elliot wave cycle ends, a correction is expected. Shares do not go up forever.

The first event that changed the business dynamics for telcos occurred when the then BN gomen ask for hefty spectrum fees.

Sensing that the good times of telcos are ending, I sold my entire holdings of telcos n be happy with the gains I made even though I did not sold at the peak price. It is only human nature to hold on to stocks with good dividends.

We play the same stocks over and over again n it is only the timing that matters.

It is the previous BN gomen that ask telco to share networks instead of each building their own to avoid duplication.
I am sure lower broadband rates also applies to all telcos besides TM.
U can see all telcos, Digi, Maxis ...on the slippery slope.

TM will not die. It is only that lower rates will decrease its EPS n hence, a lower valuation. This also applies to all telcos.

Which country is immune to unwinding of QE3 in US? Have we forgotten 1997/1998 Asian crisis? Whether is BN or PH, we are affected. The fact is KLSE prior to GE14 was overvalued.

Nobody is indispensable. My friend, a bank worker, told me the CEO of his bank made this remark some years ago : "in 5 years time, I don't know where Public Bank will be."

Public bank today is going from strength to strength. And this CEO of a GLC was seemingly talking nuts. Just terminate them and make way for other younger ppl who are willing to work for lesser pay.

TM demerged its mobile arm years back to concentrate on fixed line business. Then TM bought over Green Packet and got back into mobile business again, renaming GP as Webe.

Why must a GLC duplicate all these business ? It makes no sense for TM to hop back into mobile business by buying GP which till now is bleeding red ink.

Is it not better for TM to remerge with Axiata ? Of course, all these views are analyst's views as nobody has insider info.

Then, what is the purpose of GLC? Is it not to serve public interest instead of solely maximizing profit. I presume PH as this in mind.

"previous government made unpopular decision making but it was right for the economy and the markets."

1MDB right for the economy ??? Why we need 1MDB ? Why we need to shift the $$$ into tax havens ? Tax havens are for money laundering.

"Once rm crash, klse will have no value"

A repeat of 1997/1998. Many regreted not having making a big bet on KLSE. After recovery came, ppl were saying they should have sold their houses n dump their $$$ into KLSE.

Well, anything can happen. Do not regret this time. Get ready yr $$$.

When USD was 3.34 agst RM, ppl thought MYR was fantastic. It is the de facto devaluation of USD thru QE3 that brought abt this. Now with unwinding of QE3, expect the opposite.
The whole world is affected.

The consequences of unwinding QE3. Ppl were all along thinking unwindling QE3 is easy. This is the reality.

Singh has give TM some leeway.. cutting broadband prices by 25% instead of 50%.
TM will have to pick up the pieces n should consider merging with Axiata n cutting duplication.

RHB IB indicated prospective EPS for 2019 abt 16 cents