Really good news and set precedent on all reinvestment claims moving forward. This is since 2015 and analyst were immune to IRB notice of assessment.
2015 – additional assessments of RM2.1bn
2019 – issued notices amounting to ~RM4bn
2020 – additional assessment of RM1.8bn

How much will be the impairment charge this quarter and next? In 2018 Q2/Q4 it was 1,6 billion due to delay in commissioning Kraken and quality of crude being pump up. Expect lower revenue of <500M . High chance of seeing red depending on the impairment charges (>250Mil?)

Oklah not bad, slow and steady. Only a superb qtrly report can move this under the radar counter.

Done :)

resistance ~2.4 mil shares at 10.00, any chance of breaking today? Mainly retailers

Ya Ya , i got confuse with Yinson, end of August for BA and September for Yinson. Anyway short vs term traders will always look at different horizon. :) 515 will be very good support or later resistance, who knows....

Deekay, usually the price drop the week after the announcement as most analyst expect too much. Hoping it will buck the trend this time around. As foreign funds are buying in bulk with EPF selling. net short position is not in the list (below 0.1%) They have covered almost all the shorts. If dividend announcement is not favorable, will have short term knee jerk reaction. If foreign funds are active and the money markets expect USD to weakend, this will drive buying competition from EPF and local funds. So lets wait and see.

oh ya...qtrly this month, was looking wrong counter :(

Sorry was referring to coal price. ICPT will have a delay impact (~2 qrts) on the receivables from govt if coal price decrease/increase. So should reflect better numbers until they read adjust the ICPT payment.

Operation expense will continue to reduce this qtr. Q1 reflected~4 billion improvement YoY. Qtr to qtr I expect another improvement in Q2 of ~0.5 billion. Based on 345 us/MT last year vs ~160us/MT for the last 3 months. Expect qtr to qtr revenue to be flat. We could not be sure about taxation as most companies are reporting comparitative less taxation impact from cukai makmur last year. Hopefully extra ~<1 billion extra earnings to declare better dividend or PAT compare with Q1. :) Good luck folks

Armada qtrly is end of sept not Aug. Don't expect good news, just how will the market react.

slow and steady. hopefully qtrly will be good and return of dividend announcement :).

Seems selling pressure is still high, expect more sell down after Qtrlyi is out .It would not be good but how would the market absorb this short term outlook?

How to hold a long term view on a company that share price can be dictated by a technician's ability to maintain its machinery or can wreck havoc by a fisherman's net. Dramatic risk :) Can go in after qtrly, show us the real money first.

Qtrly report around the corner. How low can it go?

At least consistently above average volume. If track 2 hourly time frame looks good compares to daily time frame. Still have to wait in an empty room :)

Deekay, Hardest part is when to sell :)

Hoping for the bulls but the bullshit is back :) . Should see good volume for at least 4-5 trading days , today is the 3rd day. Chart for one year shows an uptrend every peak higher then the next. 1 dec 22:9.23 ; 30dec 22 :9.36 ;15feb23 :9.70;19 may23 :9.8 27/28 Julai ? Usually during the qtrly report month. But this time the rally is slightly earlier. Hope to see a double peak this week and 2 weeks nearer to Qtrly report next month. Good luck to test above 10.00 soon. Oil price is back up and US dollar should weakened soon. The money market is a good predictor too. Good luck

Tenaga is stable for its dividend. Covering of shots is nearly done. You can observe the covering 9.1-9.15 as if they are covering/selling among the fund managers. Short sellers are known to have private information about security prices. The the covering is done, market condition will be back.

Slowly but surely. Only qtrly results can confirm the true value of OCK. Has to faced the reality of the assets heavy business model . Not sure if they will succeed in spliting the tower business vs services business to improve the ROCE. But when the bulls hit...all this does not really matter :)

Can trade until near Q2 results in end of August. Don't expect any stellar profits

Shorts active again yesterday ~2 mil, rested on monday. Should continue again today. Net short at 0.56%. Not over yet

It will trade side ways if no news in the coming weeks prepare for downside risks. I don't see the dust settling, to push to .>0.5 with current information will be reckless

Hope upgrade soon to telco business :) what happen to maxis today? went up 44c. 10.7% :)

What happened Maxis? Last minute rush in major blue chips

Oklah, stable. US dollar index 102, lowest in a month. But will never know what Khazanah has in mind. Don't expect any V shape recovery. If today is stable/uptrend. The shorts knew Khazanah is selling on 8 june and is stable the last few trading days. Lets see it can hold up.

shorts at ~590K yesterday. Very mild compared to 3-6 mil daily before, buying power has also reduce. Downside risk is still high if no clear positive news.

0.45 %net short position. Slowing down. 3.7 mil shares shorted on Monday. Slowed down but depends how's the buying support next #2/3 trading days

Net shot from 0.16 to 0.4 last 4 trading days. Today no more buying support. Expect till end of the week. Easily below 0.4 if low buying support

Deekay, can't be certain as the last few hours is really erractic. But if you plot the candle in hourly timely. Looks like a reversal and down trend about to end. (to form the inverse head). And might retest 9.75 before going down to form the other shoulder, Before it can really retest 10, plus... Anywasy KLSE is really in bad shape if the sneaky US dollar continue to strengthen.

~8.6 mill shares shorted yesterday compare to ~6.3 mill shares the day before. Net short at 0.27% up from 0.15% of 2 days trading. If weak buying support expect more blood bath. Is not about fundamentals anymore.

If recovered with a doji, high potential of reversal

Erratic trading today. Cross selling and covering, should be end of the short selling . Good luck

not much buying support beyond 0.47, expect shorts to continue for next few days

>6 mil shares shorted yesterday. will not stop at one day

The shorts will have a field day and will not be only be a one day event. Better to allow the technical to stabilize before going in. Usually things are worst then is reported. Those who worked in the maintenance field will understand how reports are simplified to ease reporting. Need to figure out will Enquest demand for compensation if it will be 3-6 months of downtime. Will there be a settlement agreement of many more millions ? Risk vs reward.

impact 35% of revenue and 50 million repair cost

Can collect back at 0.40

At least now heavier volume :) average 0.38 , should be a good price at the moment

KLSE 2 years low since Mar 2020. Opportunity or further downside risk? Tenaga shorts nearing 0.24%, of ttl net short. Near its usual high . Can consider to go in today or tmrow based on your risk appetite.

Ya Shorts increase to 0.21 % of total net short from 0.19% last 3 trading days...the shorts agent will scream the sky is falling again and repeat before covering the shorts again,

Qtrly report , consistent. 2 solid qtrs . Cash flow improve significantly. YoY is good QoQ down due to strong Q4 report. EPS stable. Ok lah but no interest from investors :)

https://www.tnb.com.my/assets/quarterly_results/AB_1QFY2023.pdf
Can find the Q to Q comparison. More impressive, coal price q4 vs q1 is reflected which you can't see Y to Y. ESG rating top in the region now and 42 in world ranking. ESG investing will be here to stay and the big funds has this in their check box. All others look good for the year. EDBITA margin improve q to q vs the negative Y to Y comparison. Let's how the big funds see this today.

Fuel cost savings not reflected in this qtr yet. Cash flow increase 5bil since last year. Sky are finally clearing,, 😊

If TNB received 4 billion in receivables in Jan , the reflected Revenue should be slightly higher than in Q4 when they received 5.8 billion in receivables last qtr. Around 14-15 billion in revenue. Revenue is not so critical , as long as the profit margin remains and with the timing mismatches of ICPT mechanisms. Analyst can only assume the numbers. Lower financing cost due to the lower receivables will be another good news. Not much ,potential interest savings of 200 million/yr (based on Kenanga's report). Should see ?1 billion PAT number , hopefully on the high side of 1.2 bil plus. The cost per unit savings due to the lower fuel cost will not be a direct savings but reflected an improve cash flow and lower borrowing costs on fuel. Analyst should be happy on the lower ICPT receivables and the consistent payment moving forward from the gomen.
Check out : https://www.businesstoday.com.my/2023/05/09/lower-gas-coal-prices-confirm-lower-icpt-for-tenaga-kenanga/

Deekay :) , I think TNB is not a concern anymore compared to last year when EPF sell off from17% to holding only 14% last year during 3x EPF withdrawal fiasco and lots of shot agents to bring the share further down with nonsensical arguments. Only the IB and foreign shareholders can make a concerted effort to bring it down. We cannot swing trade TNB as is too hugely controlled by big IBs. Long term value is still intact with dividend rate of 5%. Looking at the trade mild shorts is happening in between large volume of buying to average down the purchase price. This signify strong IB support. Expect improve/better then expected qtrly next week . Hope to see more rallys next week

no worries will recover

Net short position recovered from 0.23 to 0.18% during the rally. it maintain 0.18%. Yesterday short selling was at~130k shares. We see this pattern all the time. The big brothers are still buying, shorts will prevent unsustainable low volume increase of price. Base on suruhanjaya tenaga daily fuel cost. Q4 2022 is cost per unit average out to be 34 cents per kwh vs 26 cents per kwh in Q1. This is nearly 20% reduction. Q4 fuel cost is near to 6.3 billion. Not sure cost of IPP payment , assumption of 10% savings to TNB , will be easily extra 600 million plus no more cukai makmur of 340 Mill. Can we see PAT extra of 1 billion? this qtr? : ). 0.8 billion in Q4 2022 vs 1.5-1.8 billion PAT possible? Slightly wild but definitely will be above 1 billion PAT this qtr.

I meant < 0.4 is ok , technical analysis does not work for OCK or need to wait and let Qtr results shows? A bit too boring for some. Revenue growth average 14%/yr . Ebit margin 12.7% , slighly downtrend lately. PE ratio drop from 20s to ~12 lately. Concern on the ROE due to the tower business vs services. hight of 8 % dropping to 5%. This is the major concern. Anyway, to each its own . Important to look at the latest qtrly result. Technically already oversold and major support 0.36

Buy below 4 is a good deal. Low risk of 5g infrastructure and services not picking up