can someone verify this news? Fake news or rumors? Thanks.

"Yu Syndicate Directors swindle RM800 million from Rapid Synergy"

https://freesuntimes.com/yu-syndicate-directors-swindle-rm800-million-from-rapid-synergy/

can someone verify this news? Fake news or rumors? Thanks.

"Yu Syndicate Directors swindle RM800 million from Rapid Synergy"

https://freesuntimes.com/yu-syndicate-directors-swindle-rm800-million-from-rapid-synergy/

Karex is now entering the glove business knowing most glove co are losing money, the reason is they probably already committed in the factory building and can't u-turn now. I might be wrong, but the first sign to buy is when we see some glove co close down their factory, especially those new glove co. For now, all of them are still running, hoping things can get better. How long can they lose money until they say enough is enough? 1 year? 2 years?

Better chances of resurrecting a dinosaur than Serba.

Why China Can't Let Laos Default

https://menafn.com/1104535265/Why-China-Cant-Let-Laos-Default

Answer: Location. Just like how China will not let North Korea collapse and by hook by crook will supply all the necessary things to the NK gov. The last thing China wants is a USA puppet state with missiles and military base along her borders. NK and Laos are buffer states, just like how Ukraine is Russia's buffer state. The other is China wants to link the high speed railway from Southern China all the way to Singapore. Laos is the gateway, now waiting for Thailand and Malaysia to join if both countries agree to do so, Singapore will just tag along as there are no railway lines to be build in their country, probably 1KM or 2KM or railway lines, more like a station, that's all.

- 98.7% of the group total borrowings as at Q1 FYE2023 comprises of committed debts with fixed repayment schedules (either in the form of long-term loans and sukuks/bonds).
- The group has very limited outstanding short term revolving credits.
- 60% of its MYR9.3bn total borrowings have been hedged with interest rate swaps, to mitigate the exposure to any interest rate fluctuations.

when ex ceo selling like no tomorrow.... whatever your losses is, just sell.

How Singapore imports electricity fron Laos via Thailand & Malaysia [The Strait Times]

https://i.redd.it/kjygtqjst3b91.jpg

2021
- Construction of 5th turbine starts late Dec 2021 on dry season.
- Acquired Stenta


2022
- Oleo [ 300,000 tonne ] exercise is expected to be completed in January 2022, 12 months to turnaround. 1.5B potential yearly revenue, profit margin estimated to be about 5 to 10%, which comes to about RM9 to RM18 million per quarter based on 50% stake. MFCB expected to recoup the capital investment in 3 to 4 years.
- Solar Power C&L - 6.3MW Jun/July 2022, 19.0MW over the next 18 months
- 1% tariff adjustment for Hydro to take effect on 1 Oct [ Every year for 10 years ].
- MFCB accquired 28.33% of Integrated Smart Technology Sdn Bhd (IST) for RM5.56 million, an ATE company for the semiconductor sector, is expected to generate around RM10 million per year or around RM2.9 million for MFCB’s equity portion


2023
- [ Hexachase ] Construction of a RM100m mega packaging factory sitting on a 10.4-acre plot of land in Melaka will be completed by end-2Q 2023, followed by machinery installation starting from 2H 2023.
- [ Hexachase ] 2021/2022 new production capacity is expected to reach max capacity by 2023.
- [ Stenta ] Construction of a 6.7 acre land factory, when completed will add 8 LLDPE and 1 CCP line by June 2023
- [ Packaging ] Before expansion combine revenue is RM450m, after expansion will be RM1.2B with an estimated 10% profit.
- Q1 2023, 11 megawatt of solar PV will be installed in six islands, including the cities in Maldives. JV with Powerchina Huadong Engineering Corporation. The work will be complete and power generated under the project in Q4 2023.


2024
- Construction of the 5th turbine, which will cost about RM200m-250m is expected to be commercially operational by Q3-2024, an additional profit contribution of RM39m-40m.


2025
- Coconut and Macadamia planting to be completed by 2025.
- October 2025, the 5 year tax free period for Don Sahong Hydro ends. Estimated to be tax at 15% after deduce other factors, not 25%.


2026
- The plantation group is still exploring various downstream processing businesses and it does not expect any positive earnings contribution until 2026.


2045
- Don Sahong Hydro 25-year concession period for the facility will end on Sept. 30, 2045.


2063
- Plantation in Cambodia has 50 years of lease, expires on 29 April 2063.


Notes:
- Plantation has a 50 year concession of 6420 hectares with plantable area est. 4500 hectares.
- Peak yield can only be achieved after 7-10 years for Macademia Nuts and Coconuts.
- Unlike most public listed solar companies that focus on EPCC solar projects, MFCB is on the power sales side of solar projects.
- Wet season is from June to November
- Dry season is from November to April
- Largest quicklime producer in Malaysia with 1960 tonne per day klin capacity with 100 years of supply.
- Plantation requires 3 to 4m capital investment needed per year until 2026.
- Nestle is now MFCB packaging customer.
- MFCB has allocated RM3m to expand 100%-owned auto company, Bloxwich S/B, which offers supply panels, LED and other parts of foreign car companies. The capex will be used to expand CNC machines.


Earnings Notes:
- MFCB 90+% of the earning is from oversea and is tax exempted by Laos Government (5 years from 01/10/2020)
- The Proton solar projects have recurring income for 15 years by selling electricity. It is a 55-45 JV with Pekat.
- Stenta is in mid stream business, not many competitors, can pass on the cost increases, profit margin should be maintained.
- March 31, 2022 (1QFY2022), Edenor posted a profit after tax of RM7.85 million or RM3.93 million for MFCB’s equity portion, on revenue of RM331 million, current utilisation rate is 65%, PBT margins is at 2%. Edenor looks into improving the profit margin to 5 - 10% in 24 months.
- 100MW solar capacity is only expected to churn out around RM12 million in profit
- Edenor In 1QFY22, it registered sales of RM331m with a net profit of RM8m. At current capacity utilization of 65%, the Group aims to take 2 years to gradually increase its net margin from 2% to 5%-10% with periodic price adjustment for basic oleo products and higher productivity coupled with improved cost efficiency


DSH:
- Power purchase period - 2020 to 2045
- Don Sahong Hydro Power is capable to generate 2,000 GWh of electricity annually and the electricity generated will be sold to Electricité Du Laos, which also has a 20% stake in the power plant, under a power purchase agreement for an average tariff of US$0.073kw/hr over 25 years on a take-or-pay basis.
- EDL will pay Don Sahong Power Company 90% in USD and 10% Lao Kip (Laos Currency)
- Capacity - Average 2000 GWh/year, will increase to 2500 GWh after completion of 5th turbine
- Tarrif USD 0.0615
- Increase 1% every year for the first 10 years, then reduce 20% after 15 years, then increase 1% till contract expires
- Royalty to Laos Gov - 5% for first 10 years, 15% for the next 10 years, and 30% for the last 5 years
- Income tax exemption for the first 5 years.

They plan to do dual listing, maybe in Norway since Fred Olsen Production is in Oslo, Norway. Thus the share buyback, maybe 10% required. The money raised will be used to build 2 more FPSOs if they win 2 more bids out of the 7 bids they are aiming now.

- Yinson said they have no plan to raise funds via perpetuals in the near future as of 2022.
- Global FPSO market was valued at $11.91 billion in 2021 and is expected to reach $21.83 billion by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.
- Yinson charter contracts, capital expenditure, borrowings and operating costs are more than 80% denominated in USD with a small portion denominated in Malaysian Ringgit and other foreign currencies.
- 60% of its MYR9.3bn total borrowings have been hedged with interest rate swaps, to mitigate the exposure to any interest rate fluctuations.
- The global RE market is expected to grow at a CAGR of 10.6% between 2021 and 2025 to reach a market size of USD500.4 billion in 2025.
- Frost & Sullivan forecasts 32 new operating units will be under contract, apart from regular extensions, in the period 2021 to 2025.
- Global number of FPSO installations expected to grow at a CAGR of 4.4% from 2021 to 2025. Brazil is expected to account for 53.1% of the projected FPSO orders between 2021 and 2025 due to the large number of deepwater and ultra-deepwater projects in the country.

https://www.thestar.com.my/business/business-news/2022/06/25/no-significant-fallout-from-laos-woes


“We do not foresee the current crisis in Laos to have a significant impact on MFCB. The power generated by DSPC in Laos is 100% evacuated to Cambodia via two government-to-government power purchase agreements signed between Electricite Du Laos (EDL) and Cambodia’s Electricity Authority (EDC),” MFCB executive director Khoo Teng Keat tells StarBizWeek.

Elaborating, Khoo says revenue collection is smooth.

“Cambodia’s EDC has been prompt in its payment to EDL. In turn, EDL has been paying DSPC every month,” he adds.

https://docdro.id/W8PLM4X

Quote Public Bank Report 21/6/22: "Troubled state-owned electricity operator, Electricite du Laos (EDL) accounted for nearly a third of publicly-guaranteed debt last year and much was owed to the Electricity Generating Authority of Thailand. This raises concerns over the collection for MFCB’s 80%-owned Don Sahong Hydropower plant. Nevertheless, we think that it is unlikely to see payment defaults from EDL as the electricity is effectively sold to neighbouring Cambodia under a 700MW G-to-G PPA contract signed in 2019. We understand that there is a legal arrangement for EDL to use the proceeds from the sale of electricity to Cambodia for the payment to Don Sahong Hydropower before it is allowed to be used for other purposes."

To simply summarise:
1) EDL payment a function of whether EDC pays EDL. Cambodia needs power & is in much stronger financial position than Laos.
2) Legal arrangement for EDL to pay EDC proceeds to MFCB *FIRST* before they can use balance for own purposes.

run, glove 2.0, run now. 10% dont run, 20% dont run... wait for 90% loss to run?

Here is the pdf
https://docdro.id/x9kBp2X

Quote: "A common concern is with regards to high receivables and potential bad debt. In Q4 2020, management guided that increment in receivables was due to December payments came in January due to late acceptance in EDC which subsequently causing EDL to pay late. By Feb, receivables had gone back down to 3-4 months. Management also mentioned that EDL will not be bankrupt as it’s guaranteed by the MOF."

Payment cleared.

p.s. I can't post the URL or PDF file. i3 dont allow me to. The info is by Rondy, go check his website, the pdf if there, he is the host for MFCB live AGM.

someone correct me if I am wrong, I read somewhere that delayed payment was paid already. I think from the AGM Q&A or something like this, someone asked, they replied regarding this issue.

On this Laos thing. Here is my take.

https://asiatimes.com/2022/05/perfect-storm-of-turbulence-for-indebted-little-laos/

"Laos had the chance to sign up for the World Bank’s Debt Service Suspension Initiative but decided instead to go down the path of direct debt restructuring arrangements with China, its largest creditor. That saw Electricité du Laos, the state-run power company, partially sold off to a Chinese firm."

- DSH sells 100% power to Cambodia, not Laos
- DSH earn USD for Laos, Laos needs all the USD they can get.
- EDL is partially own by China
- Laos gov owns 20% of DSH
- DSH is profitable for all parties
- Unlikely for Laos to nationalize any foreign dam, this will chase away FDI which they badly needs.
- The risk is high, thus explains the very low PE, at PE7.
- Very likely China will help Laos to roll over the debt, push the problem down the road so to speak.
- Unlikely for China to let Laos collapse and allow countries like USA to be friendly to Laos. China will not want to see IMF or World Bank bail out Laos and to have a say in how Laos is run - becomes a democracy.
- China will do whatever it takes to prop up Laos, just like how China prop up North Korea. Better to have a friendly nation at your border than to have an enemy with US putting missiles on Laos soil. China is already not on good terms with vietnam.
- Will EDL delay payment? Possible. This is the biggest risk factor.
- Will EDL renego the contract? Possible but unlikely. if they do, it will probably extend the 25 years to 30 years or more.

I see MFCB as a high risk investment on the short term, if nothing bad happens within this coming 10 years, they would have made enough to diversify into other business to balance their cash flow.

Currently 90% of their profit comes from the hydro, based on my calculation, if all things goes accordingly, 10 years time it will be 50% hydro and 50% others. Which is good enough.

I understand the management is focusing on renewable and ESG, I still think ESG is just a scam. If the bankers and funds are so concern about ESG, MFCB would not be at such low valuation, right? In the end, it is all about profits.

Thus, I dont understand why they choose not to continue their coal or gas power plant. They should just build more, or buy up some palm oil plantation when palm oil price crash, not now. Do whatever it takes to boost earnings. ESG is a scam and renewables are not profitable.

replying logically and replying crazy is 2 different thing. crazy people also got opinion and can talk, right? problem is, your renew FD at higher rate doesnt make any sense. If so logic, who wants to put money in FD? just all in TopGlove and get better FD rates, right?

UlarSawa really lost his mind. Please find a doctor, I am serious.

If UlarSawa thinks he is going to get 60% dividend payout then I have bad news for him. Assuming if it is 100% dividend payout but you buy now at RM1.10 and it drops to 70 cents, you still lose money after the payout. Nobody invest for dividends, people invest for capital appreciation, dividend is bonus.

the sudden tsunami of profit made the management lost their mind. should have kept 90% of the profit as cash or invest in other companies like palm oil or banks, then take the dividend given by these companies to kill off other glove makers... price war, when majority of them dies, then you dominates.... well, easier said than done, who am I? nobody... anyway, good luck to all glove holders.

I remember there was this lady in TG telegram, she is a huge supporter of TG, she knows all the factories, the output and etc. Just like many retailers, she only started investing in glove, around 2020 and bought at the peak. That time it was around RM8, and she continues to average down, when it was RM6.

The reason why I remember her is her telegram profile pic is her hugging her daughter, a baby. I feel pity for her, she kept on saying TG will become a fortune 500 co in 10 years time.

I kept on telling people not to average down, eventually I was kicked out of the group.

I hope she is fine. I feel sad for her daughter.

Sometimes, people got so brainwashed by DAP that they think EPF is bad at investing. EPF is very good in investing and most retailers should just put their extra money in EPF. Chinese think it is Malay run, but EPF dont actively manage the funds, they delegate to various funds, and those that performs get to renew the contract, thus many funds will try their best to give the best return to EPF.

I hope those that lost big in glove will stay strong. Life goes on.

are their numbers real? so much money in the bank but still need to do rights issue? so powerful is their software and 0 screenshots? nobody knows who their clients are? no software demo? no video? why change auditor so many times?

I smell something, and it is not money.... smell like karim serba

many people buy shares thinking it will go back to their previous high. if buying shares is so easy, where got poor people already? look at parkson, ytl, berjaya, maxis.... alll down down and down

once a liar, forever a liar.

- June 2022, On the other hand, we gather that the labour audit is completed – SKP expects positive results when the report of the findings is released in 1-2 weeks. via RHB Research (30 may 2022)
- July 2022, two new production lines starts production with new intake of foreign workers.
- Dec 2022, completion of construction of a new 4-storey c.750k sq ft plant (vs. previously planned 3-storey 600k sq ft) on a 6.4-acre land in Johor Bahru which will increase its total floor space by c.75%. This new facitilies boost a 60% additional capacity.

Anyone any idea what is the contract duration for Bakun Hydro to supply elec to Pmetal at a low price? If there is any...

2022
- [ Bidding ] Aker Energy’s FPSO Pecan in Ghana ( O&M only, not FPSO no capital required ).
- [ Bidding ] Jadestone Energy’s Nam Du Minh and PetroVietnam’s Block B, both in Vietnam
- [ Bidding 2HCY22F ] for TotalEnergies' Cameia in Angola. The Cameia FPSO contract is likely to be awarded in 2H22F, with the FPSO targeted by TotalEnergies to begin producing from December 2024F, although it may spill over into 2025F. We estimate the FPSO capex to be in excess of US$1.5bn and up to US$2bn
- [ Bidding 2HCY22F ] Eni's Agogo on Block 15/06, offshore Angola. We estimate the Agogo FPSO capex cost at US$1bn or more. The FPSO contract may be awarded in 2HCY22F, and the 20-year time charter may commence in CY26F.
- [ Bidding 2HCY22F ] Block 31 Southeast Palas-Astraea-Juno (BP's SE-PAJ) oil development, by BP in Angola ( Redeployment, no capital required ). The FPSO time charter contract may be for at least 10 years, with production to start in CY25F.
- Start recording EPCIC revenues and profits from the FPSO Maria Quiteria conversion work from 2QCY22F. Conversion yard is Cosco Shangxing.
- Atlanta and MQ projects may cross the 20% completion rate threshold by 2Q FY1/2023F (May-July 2022F) thereby allowing Yinson to book in engineering, procurement, construction, installation & commissioning (EPCIC) revenues and profits from these projects. Conversion yard is Dubai’s Drydocks World for the Atlanta.
- June 2022, FPSO Lam Soon expires
- October 2022, FPSO Adoon expires ( Strong possibility for the contract to be extended due to the continuing productiveness of the offshore field )
- [ Perpetual Securities ] US100 million perpetual securities with coupon rate of 7.85% due on 5th October 2022. 500bps step up rate upon first call date. Yinson intends to redeem the US$100m perpetual prior to the coupon escalation.
- Yinson is targeting to secure a 3GW pipeline renewable energy (RE) by end 2022 and expand the operating portfolio of 5-10GW by 2028 in 5-7 markets.
- FY2023 ( 30 April 2022 - 31 Jan 2023 ) projected to have free cash flow instead of negative free cash flow.
- Potential IPO or strategic sale of c.25% of its FPSO holding company, planned for 4QCY22F, could unlock value for Yinson’s FPSO business and raise c.RM2.2bn


2023
- FPSO Anna Nery (Marlim, Campos Basin) is on track to be operational in 2Q2023, 25-year charter to Petrobras.
- [ Bidding ] TotalEnergies’s Chissonga, offshore Angola.
- [ Bidding ] Maka by TotalEnergies’ in Suriname. Maka FPSO capex may cost US$1bn-1.5bn, with a production capacity of 120,000 bopd.
- Jun 2023, PTSC Bien Dong (Expire/Extend 10 years)

2024
- Early of Feb 2024 or first half of 2024, Yinson might exercise option to proceed or drop FPSO Atlanta (Enauta). Yinson must pay Enauta upon exercise of this call option is 20% of the total capex cost. Since we estimate the latter at c.US$478m, hence the call option exercise price is estimated to be c.US$96m. BBC rate at US$210,000/day. 15+5 year charter to Enauta.
- [ Perpetual Securities ] US$90m perpetual was issued on 29 March 2019 with coupon of 8.1%, and the coupon will escalate to 13.1% on the fifth anniversary i.e. on 29 March 2024F.
- [ Perpetual Securities ] US$30m perpetual was issued on 5 April 2019 with coupon of 8.1%, and the coupon will escalate to 13.1% on the fifth anniversary i.e. on 5 April 2024F.
- End of 4Q2024, FPSO Maria Quiteria (Jubarte Field, North Campos) starts production, USD624k per daily charter, 22.5-year charter to Petrobras.

2026
- Q1 2026, if FPSO Atlanta (Enauta) option is exercised, it will be linked to charter, operation and maintenance contracts for a period of 15 years, which may be extended for another five years, totalling $2 billion for the period of 20 years.


2027
- FPSO Helang expires Dec 2027 (can extend up to 10 years)
- FPSO Abigail Joseph expires Oct 2027 (Can extend up to 8 years)

2032
- FPSO John Agyekum Kufuor (JAK) expires June 2032 (Can extend up to 5 years). In July 2021, Eni announced that it had made a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana, and the discovery will be produced via a subsea tie-in to the FPSO JAK. This means that the likelihood of Eni extending the time charter into the option period is very high

2033
- [ Perpetual Securities ] RM950 million perpetual susuk with coupon rate of 6.8% due in 2033. 100bps step up rate upon first call date.

by 2026, they plan to have 1000 stores. now got about 300 FM stores. I dont know why they are moving at turtle speed. I can understand the slow speed initially because they need to learn and minimize the mistake, once they understood what to do and what not to do, they should just speed up the opening of new stores and move on to a new project like maybe branch out to Singapore and Brunei? Maybe start a bread company against Gardenia and Massimo? Maybe go into milk? Maybe go into fish farming instead of catching fishes? Maybe something.... am not smart enough to know... there is a reason why the price remains stagnant and on sideways, but i think the management now focus on ESG, which is why they kept on buying Boilermech.

yeah, like this pmetal also going to bankrupt soon, look at their debt. TheStar Media got 0 debt, maybe flytothemoon can invest all in thestar.

grow up lah, you are here to bad mouth thinking you have power to push the price down. i bet in real life your ego is as big as a watermelon.

what contract expiry date?

EY and KPMG both said Serba is not cooperating with the auditing and investigation, hide documents, slow replies, ignore them, dont give the docs they request.... how to sign off? karim and serba only wants to buy time.

After May sure JM take over, maybe the new management will release the SIR. I want to see all the dirt.

59 stamps of other companies in a box. dont play play. got template of invoices of their vendor in their comp somemore... what else? i remember serba bring some mysterious encik to see kmpg claiming to be from xxx vendor. fake people. what else is fake?

flytothemoon reminds me of PearlWhite in Serba Dinamik, initially PearlWhite was anti-serba, kept on bad mouthing Serba for months, then out of the blue PearlWhite became pro serba, you know i know why lah, that pearlwhite guy thinks by bad mouthing serba he can push the price down and then become pro he can push the price up in i3.

flytothemoon also the same, thinks he got some kind of magical power can influence the stock price and movement.

what's up with the delayed QR? like almost 1 month already. why?

flytothemoon, about RM2B of Yinson's debt is in perpetual securities or susuk. They are fixed rate with step up rates. Rising interest rate does not have much effect on Yinson's debt.

Some of Yinson's debt does not start servicing until they've completed the FPSO, which means Yinson will only start servicing the debt for FPSO Anna Nery and FPSO Atlanta once they completed the project.

- US100 million perpetual securities with coupon rate of 7.85% due on October 2022. 500bps step up rate upon first call date.
- US120 million perpetual securities with coupon rate of 8.1% due on March 2024. 500bps step up rate upon first call date.
- RM950 million perpetual susuk with coupon rate of 6.8% due in 2033. 100bps step up rate upon first call date.

It makes me wonder why these banks did not verify some of the invoices and projects. They could have easily spotted something is off, how many of the clients' invoices was fake out of the 11, was it 10? if 1 out of 11, then I understand, but so many are fakes... goes to show the banks themselves never even verify these transactions.

Am not sure what are the rules and regulation, if every single project needs to announce, then everyday we will be receiving endless info. I am very certain the management knows what they are doing and not breaking any law.

The only company that announced every single tiny project they won is Serba, SCIB and KPower. Every month sure got announcement, win this win that win so many projects, even tiny longkang project also announce.

Environment Ministry signs largest solar PV contract in Maldivian history

https://en.sun.mv/73775

After 2 years Uncle George only starts glove production... TG says ASP drop to USD19 liao, and might go lower due to price war. Uncle George... what are you thinking? Sell LRT project, go start glove business. Now MRT3 got no opportunity to enter.

@UlarSawa

I feel sorry for you. I dont know why you are here arguing with everyone. I know you've lost lots of money, but holding onto it wont make a difference. Maybe it is time to let go of this anger and invest in other stock. Its ok if you do not want to cut loss, but use your new money to go into other new stocks.

you focus so much on TG until you missed out other opportunities. sorry for your loss.

i dont own any glove shares but do monitor them, this qr should be better than last qr. they got unbanned on sep 2021 right? means they get to sell to US since sep 2021 right? thus the qr should be better or maybe more or less the same.

2021
- End of 2021, starts mass production of new air purifier.

2022
- Mar 2022, SKP expects to start mass production of Dyson new beauty care product.
- Mar 2022, labour policy with most of the shortcomings targeted to be resolved by March
- June 2022, Dyson ends contract with ATAIMS.
- End of 2022, completion of construction of a new 4-storey c.750k sq ft plant (vs. previously planned 3-storey 600k sq ft) on a 6.4-acre land in Johor Bahru which will increase its total floor space by c.75%.

2023
- SKP is scheduled to commence two new production lines by end 2022 and early 2023
- Potential onboarding of a new customer for SKP

Note
- Approximately 75% of SKP?s revenue derives from customer X. Its next biggest customer is Sony, followed by Panasonic, Sharp, Pioneer, Flextronics and Fujitsu
- Hike in raw material, freight and FX costs will not compress margins, given the cost pass through mechanism in place.
- SKP ships most of its manufactured output to China

2022
- New kitchen can support additional 500 new stores, starts mid 2022. This will accelerate the opening of more new FM stores as existing kitchen already reached the max capacity.

2026
- 2026, All 1000 FamilyMart stores will be completed, no investment needed, thus extra 500m to 1.3B extra revenue per year.

Note
- QL Resources has allocated RM400 million capex for the expansion of its surimi-based products plant. This should more than double its existing capacity. It would aid QL Resources? ambitions to be a top five global surimi-products producer.
- Estimated profit per store is around 88K per year. Now 200 stores, future 1000 stores. 800xRM88K = RM70,400,000. Additional RM17,600,000 per quarter.
- Family Mart is also, steady stable and very predictable, at around 9.4% profit after tax.

2021
- Construction of 5th turbine starts late Dec 2021 on dry season.
- Acquired Stenta

2022
- Oleo [ 300,000 tonne ] exercise is expected to be completed in January 2022, 12 months to turnaround. 1.5B potential yearly revenue, profit margin estimated to be about 5 to 10%, which comes to about RM9 to RM18 million per quarter.
- Solar Power C&L - 6.3MW Jun/July 2022, 19.0MW over the next 18 months

2023
- [ Hexachase ] Construction of a RM100m mega packaging factory sitting on a 10.4-acre plot of land in Melaka will be completed by 1H2023.
- [ Hexachase ] 2021/2022 new production capacity is expected to reach max capacity by 2023.
- [ Stenta ] Construction of a 6.7 acre land factory, when completed will add 8 LLDPE and 1 CCP line.

2024
- Construction of the 5th turbine, which will cost about RM200m-250m is expected to be commercially operational by Q3-2024.

2025
- Coconut and Macadamia planting to be completed by 2025

2026
- The plantation group is still exploring various downstream processing businesses and it does not expect any positive earnings contribution until 2026.

Note
- MFCB 90+% of the earning is from oversea and is tax exempted by Laos Government (5 years from 01/10/2020)
- Normally, the water level will peak between June to November during the wet season.

2021
- Rhone Ma planned to increase its cattle herd to 350 head by the end of 2021, raising its monthly milk production from 30,000 L/ month to approximately 65,000 L.
- GMP (Good Manufacturing Practices at Nilai Utama Enterprise Park) commenced operations in April 2021 is running at more than 35 per cent capacity.

2022
- By end-2022, the Group?s target is to produce 120,000 L of milk per month.

2023
- New GMP in Nilai target to achieve 100% by 2023 - estimated to increase annual production capacity by 4x (2,500 tonnes, existing plant in PJ produce only 637 tonnes per annum)

2025
- Rhone Ma hopes to build the plant with a capacity of 14.4 million litres per year in Kapar, Selangor by the third quarter of 2025.


Note
- Rhone Ma Holdings Bhd via its subsidiary A2 Fresh Sdn Bhd, has entered into a joint venture agreement with Kulim (Malaysia) Bhd to develop, operate and manage a potential dairy project. The initial investment required for the project will be up to RM41.4m, which will be funded through equity in the form of subscription of shares by the shareholders in proportion to their shareholding ratio in the special purpose vehicle company.
- In this JV, Kulim owns 65% shares, while A2 Fresh S/B holds 35% shares. Since A2 Fresh S/B is 49% owned, Rhonema will have just 17.15% share in this dairy project.
- A1 protein is even linked to diabetes, heart disease, sudden infant death syndrome and autism etc. However, those links are not confirmed. A2 milk is marketed as a healthier choice without such troublesome issues. It's reported that Rhonema is the first producer offering fresh A2 milk in Peninsular Malaysia.
- Kulim is a well-known plantation giant which was taken private and delisted from main board in 2016. It's a subsidiary of Johor Corporation. Johor Corp owns famous brands such as KPJ, KFC, Pizza Hut, Ayamas, Life etc.

2021
- Petronas?s FPSO Limbayong in Malaysia (3Q21F award).
- Bought Woodside's Nganhurra FPSO

2022
- Will have free cash flow from 2022 onwards, unlike negative FCF in 2019 and 2020
- Bidding Aker Energy?s FPSO Pecan in Ghana ( O&M only, no capital required ). Yinson is one of the three contractors currently in the fray for the Pecan FPSO project
- Bidding Jadestone Energy?s Nam Du Minh and PetroVietnam?s Block B, both in Vietnam
- Bidding Block 31 by BP in Angola ( Redeployment, no capital required )
- June 2022, FPSO Lam Soon expires
- October 2022, FPSO Adoon expires

2023
- FPSO Anna Nery (Marlim, Campos Basin) is on track to be operational in 2Q2023.
- Bidding TotalEnergies?s Chissonga, offshore Angola.
- Bidding Maka by TotalEnergies? in Suriname
- Jun 2023, PTSC Bien Dong (Expire/Extend 10 years)

2024
- Early of Feb 2024 or first half of 2024, Yinson might exercise option to proceed or drop FPSO Atlanta (Enauta). Yinson must pay Enauta upon exercise of this call option is 20% of the total capex cost. Since we estimate the latter at c.US$478m, hence the call option exercise price is estimated to be c.US$96m.
- End of 4Q2024, FPSO Maria Quiteria (Jubarte Field, North Campos) starts production, USD624k per daily charter.

2027
- FPSO Helang expires Dec 2027 (can extend up to 10 years)
- FPSO Abigail Joseph expires Oct 2027 (Can extend up to 8 years)

2032
- FPSO John Agyekum Kufuor expires June 2032 (Can extend up to 5 years)

precovid price is about 10cent++
from rm5 to 10 cents....

I am sorry for all those that lost money in glove.

walao eh...

Quote: "The construction of the Dynacare glove manufacturing plant is progressing as planned with the first dipping line commencing commercial glove production on 27 November 2021 and another five dipping lines to be completed by middle of the year."

Middle of the year will have 6 dipping line.... covid also ending liao.

Good example is Willowgen, software company. they got screen shot to the software, they explain how their software can help your business.
https://www.willowglen.com.my/product-and-service/scada/willowlynx

This ARBB.... u go compare ARBB solution site vs Willowgen and you tell me ARBB is legit?

Their solution page is so vague, like set up by a primary student, just explain things like what is IOT, what is digital signature.... all so basic like some template.

Willow got name for the products, ARBB got nothing...

This ARBB client. who are they? all in Thailand?