May be best wait for possible change of government to buy to minimize risk and maximize gains?

Please note that the new executive director is from KPower.

48.6 m new shares at only 59.5 sen !

LYC already proven a very good investment as the share price of LYC has gone up tremendously since. Gunung with the two proposed investments in Cambodia is an excellent counter to invest especially at the current price levels. If Cambodia deals successful price will shoot up and if fails the downside is very limited. Good optionality kind of trade: head I will gain a lot, tail I will loose little if any.

Good investment by Gunung in LYC Healthcare, a growing biz sector. Just wait for the progress of waste disposal and banking biz proposals in Cambodia.

With cheap shares at 59.5 sen they can sell those at say currently 90 sen, they will make at least 50% profit! Easy money!

Directors sold cheaply to get funds to buy cheaper 48.6 m shares offered to themselves via ESOS at only 0.595 to make easy money!
Please refer to Bursa Announcement on 27 Mar 2020

As mentioned earlier new Gunung will add new businesses. An extract of announcement by Gunung today:

Reference is made to the Company’s announcement dated 4 May 2020. We wish to futher clarify the following excerpts from the news article published by The Edge Malaysia dated 4 May 2020 titled “Gunung Capital on the prowl for M&A”.



“Over the past few weeks, rumours have been rife that Gunung Capital plans to acquire a substantial stake in a financial institution in Cambodia. It is said that the total investment value will be more than US$25 million.”

The management of Gunung Capital Berhad (“GCB” or “the Company”) has been invited by promoters of a yet-to-be-issued, fully fledged commercial banking licence in Cambodia, to evaluate a proposal to participate. At this stage of evaluation and discussions, the Company cannot confirm the quantum of the investment value involved.





“Yap confirms that Gunung Capital is in advanced talks to acquire a more than 20% equity stake in a new full-fledged commercial bank in the country.”

The management of the Company is currently in advanced discussions, regarding the allowable equity participation in financial institutions, and other qualitative and quantitative requirements, such as governance issues, imposed by the relevant authorities in Cambodia on foreign equity participation.

Upon completion of the evaluation of the proposal, and the prospective yeild of such an equity investment is strongly beneficial to the Company, then the management of the Company will seek a meaningful equity participation, of at least a 20% equity stake to maximize on this investment opportunity.



"Potentially, we are also looking to unlock the value [of the bank] through a listing on the Cambodia Securities Exchange,"

It is premature to conclude that a listing exercise in Cambodia is the Company’s only option to unlock the value of such an equity investment. This option is obviously a long term strategy given the current infancy stage of the commercial bank proposal, the unconcluded evaluation of the proposal, and would require the necessary approvals from relevant authorities in Cambodia to list on the stock exchange. The management of the Company will look into all options to maximize the financial returns of the Company, when and if, the time comes.

New Gunung will further invest in businesses with good future growth prospect. In addition to the existing renewable energy business of developing small hydro plants, Gunung is in negotiation for the waste disposal in Sihanoukville in Cambodia with the local Cambodian partner that had already own a 10 years concession ;and buying shares in LCY Healthcare, a health care company.

New owner with new growth and new future!!! New name too coming.

What goes up then will plunge down! Time will tell.

As I mentioned earlier Benalec will have problem with paying full amount of RM 200 m bond on the 5th anniversary of the issue. However Benalec luckily got an extension of time of 3 moths to pay the balance of RM 53 m with some penalty interest. Now is not an easy time to raise funds and what will happen if Benalec failed to fulfill this obligation ???

Unlikely EPF will just dump it all in one day!

Current extremely depressed price mainly due to continuous selling by EPF and EPF has now reduced its interest in Media to below 5% threshold.

K factor!

Warrants trading at discount!!!

Price for timber now is down just like the prices for most commodities. To make the matter worst the price for palm oil too is depressed due decrease in demand and extremely cheap crude oil and on top there are increasing oppositions for clearing of forests for oil palm plantations. So the value of the timber concession has to impaired accordingly. The timber land concession meant to be cleared for palm oil cultivation.

Gambling? If you remove your emotion and look and analyze carefully the reality of the situation, there is nothing surprising this counter will find its value sooner or later.

DATUK YAP YEE PING was appointed on 27 February 2020 as a new executive of Gunung Capital. She is a director of CBG Capital Sdn Bhd and CBG Builders Sdn Bhd, subsidiary of Kumpulan Powernet Bhd.

The real important asset of a service industry such as airlines, the hard tangible assets are not the most important. You can buy all the planes and have cash in the bank, but can your an airline and make money? McDonald is a company that we are familiar with as an example. The net worth or shareholders equity of McDonald is negative around say $ 6.8 b but despite that the market value or market cap is more than $160 b. Many companies especially in the new economy the most important assets are not in the balance sheets.

Warren Buffett did not exit from investing in the two airlines namely Delta and South West.He had only sold a small portions of his stakes to make the his holdings for both airlines just below the threshold of 10% and still remains the largest shareholders for both airlines. It is more of regulatory or tactical reasons.
Similarly he has sold some shares in Bank of NY Mellon to reduce his holding to just again below 10% threshold.
On top Buffett is raising funds by selling bonds in Europe and Japan where interest rates are almost zero % despite he has already had huge cash holdings.

As said earlier Tadmax is in the process of totaling exiting the 1,2000MW IPP by selling its 75% (35%+40%) interest in the project company to Worldwide. The Project will finally be owned 75% by Worldwide and the balance 25% by Kepco. Kepco will be a partner in the IPP as part of condition of approval by the government.
The reason why Tadmax is exiting from the IPP Project is best known to Tadmax itself. In biz and life too, there no certainty. Things beyond your expectation can happen any time.

Unfortunately further bad news for Eden as the lock down extension will give additional negative impact on the only profitable biz division of Eden.

As said there are a lot of uncertainties now. Uncertainties have always been with us all the time, just the reality of life. Nothing new.

Do not conflate risk with uncertainty!

Or is it an opportunity? Just ask yourself!

Do not confuse or conflate risk with uncertainty. The current pandemic gives rise to a lot of uncertainties especially to travel and tourism sector. But as I said there will be air travels and airlines after the end of this unforeseen calamity. Yes it is uncertain when it will end and which air lines will survive or even thrive after this debacle. But is it risky to invest in Air Asia at the current price?

If your are investing or even trading, do not lose your head. Don't let fear or greed to guide you. Just look at the reality and learn from history and then you will be ok.

Don't worry about the future of Air Asia Group as I said there will be airlines after the pandemic and we are not going to stop flying. In fact once the pandemic is over, there will be huge surge of demand for flights as there are a lot of suppressed demand currently. Just revisit the incidence of September 11 and see what happen after that.
Which airlines are likely to survive? Some airlines will definitely be in big trouble. If Air Asia can not finally survive, then which other line can?

Air Asia Group has a better chance of surviving the current virus pandemic . Air Asia has a strong mindshare in the regional market and fairly good balance sheet and proven biz model. This pandemic will certainly effect negatively all airlines but there will always be need for air travel sooner or later as it is an efficient and safer mode of transportation especially for long distances.

Air Asia Group is a better chance of surviving the current virus pandemic . Air Asia has a strong mindshare in the regional market and fairly good balance sheet and proven biz model. This pandemic will certainly effect negatively all airlines but there will always be need for air travel sooner or later as it is an efficient and safer mode of transportation especially for long distances.

From the perspective of net asset backing per share, this counter appear cheap if you are in the position to influence or control the running of the company. However the company is fully controlled by one group of shareholders. No way any body be it institution or individual can have any influence of the future of the company. So we are not surprised that institutional share holders are not keen to be strategic investors.

Kepco will definitely will be in as it is a technical partner without Kepco the whole project will not take off.

Unfortunately true. Please refer to recent announcement by Tadmax.

Worldwide Holdings will own 75 % and Kepco 25 %.

Actually Tadmax is in the process of exiting the 1200 MW IPP Project in Pulau Indah by selling all its interest to Wordwide Holdings and Kepco.

Very unfortunate that the only profitable biz division of tourism and hospitality is being hit hardest and directly by virus pandemic, a catastrophe beyond any one expectation . Even the construction of ECRL will be delayed and hence the acquisition of Eden's land.

Warren Buffett's Berkshire Hathaway Inc said on Friday it sold about 18% of its stake in Delta Air Lines Inc and 4% of its holdings in Southwest Airlines Co this week, as the coronavirus pandemic drives the airline industry into perhaps its biggest crisis ever

The only division making profit in the past quarter was Food & Beverage and Tourism Sector. Unfortunately this division will be directly and severely impacted by Covid 19 pandemic. Just to keep this reality in mind.

We can not make things happen to our wish and any way be careful of what you wish.

Johnmasino: The right way to live!

We spend so much of our present moment time trying to predict the future. And when we’re not doing that, we ruminate over the past. We beat ourselves up for putting ourselves in the situation we’re in, and do our best to figure out every possible solution and outcome.
Neither of which is helpful.

Rather than figuring out how or why something happened, we need to simply move forward. This is best done by paying attention in the moment, and keeping our eyes and ears open for whatever possible solutions may present themselves.

GooSham, but RM 1.00 far too high than average pricees.

In a weird way, some of us who bought Jaks on margin may even benefit from forced selling as we can always buy buy back at even cheaper prices! However those who are too focused or rigid in their opinions of the real 'value' of the company may not benefit from the big price drops or even suffer losses. When big change happen, we must change too. For survival, flexibility is necessary or even crucial.

Latest Q Report also atated Benalec has more than 12.7 m treasury shares bought at an average cost of RM 1.00 per shares.
Crazy cost price! How can that happen?

The notes to the latest quarterly result says only RM 129 m redeemed and still outstanding RM 71. Can some one clarify?

The biggest risk for Benalec is the Put Option on 5th anniversary on the RM 200 m Redeemable Convertible Secured Bond issued in April 2015 that will happen very soon. Does the company has the cash to pay? The time bomb is ticking!

Very surprised that only now Tony realized biz in India is challenging. He should have known better as he was late comer to the party. For years many foreign, Malaysian included, had bad experience doing biz in India. Even for local Indian companies, many suffered too.
Doing any biz in India you have numerous hurdles to face and overcome.

Not only religious gatherings but other things too. Just think a little bit deeper with minimum prejudice. I think you are capable to get the answers to your question yourself.

Many things or actions even on the surface seems harmless or even beneficent will be ok if only one or very vey few people are doing it, but will be disastrous if every one would be allowed to do the same things or actions ! Just think about it. The test is alway: will it be ok if every body else is allowed to do it too?