Tuesday, April 09, 2024

Brent crude futures have established a firm footing over the $90 per barrel mark and not even a brief opening for a potential ceasefire in Gaza managed to pull it lower. Mexico cutting oil exports will ensure bullish sentiment continues to build in the coming weeks, with further directionality set by the US and Chinese inflation numbers this week, potentially even paving the way for a climb closer to $95 per barrel.

https://www.thestreet.com/investing/analyst-revises-nvidia-stock-price-target-on-china-update

Analysts see 'signs of life in China

It's an important move for Nvidia, considering that the Asia-Pacific region is the world's largest market for semiconductors, accounting for more than half of the global market share. The area is also home to some of the world's largest chipmakers.

China is the world’s largest semiconductor market, representing 31.4% of worldwide final sales or $180 billion out of $574 billion in 2022, Citigroup said.

dragon328 Share price movements everyday is hard to predict and explain, as there are too many parties with different interests.

For example, we have another call warrant expiring on 19 April, which is issued by AffinHwang. Remember Affin dumped big volumes of mother shares on 8th Mar when its another call warrant expired. The big dump volume was adsorbed and share price recovered within a week. Just beware of another potential move by the IB who may try to depress the mother share price until next Friday.
09/04/2024 5:07 PM

Thanks for sharing this dragon. Mabel biggest concern with YTLPOWER is the abundance of call warrant in this counter..

Based on the learning curves with Gloves Fantastic Four, Mabel tend to trade this counter. Today Mabel lock some profits to top up CIMB when CIMB is on pull back..

Will do the same here in YTLPOWER.. Loves this counter.

To Our Success

Stock: [CIMB]: CIMB GROUP HOLDINGS BERHAD

8 hours ago | Report Abuse

Soooo apy today. Now Mabel is done with Hari Raya Shopping..

Thank you so much Uncles and Aunties for selling to Mabel at RM 6.57 and RM 6.56 too...

Meow Meow Meow

Soooo apy today. Now Mabel is done with Hari Raya Shopping..

Thank you so much Uncles and Aunties for selling to Mabel at RM 6.57 and RM 6.56 too...

Meow Meow Meow

CIMB TA gives renew opportunity to collect after locking profits at YTL Power which so POWER today...

Thank you Uncles and Aunties for selling to Mabel at RM 6.58, Now waiting at RM 6.57 and RM 6.56..

Meow Meow Meow

Meow Meow Meow Dicky!

To New York with Loves with Tony..

James_Bond How’s your serba dinamik battleships, Mabel? Now sound like you betting big in Pchem? Going against the boycotting Petronas business by the revengeful Malay?

07/04/2024 12:37 PM

Haha Mr Bond,

Mabel thought Mr Bond should know everything...

Been in and out of SD many times. BUY LOW SELL HIGH and oledi locked profits.

Haha there are currently 3 types of Investors in Serba:

1. Bonus Issues Investors
2. Pre July21 Suspension Investors
3. Post July21 Suspension Investors

The one that benefits the most is Category 1 who was awarded Bonus Issues, Dividends and took price action during Dec 2020 rally. 2nd is Category 3 who took massive price action during July 2021 rally, Nov and Dec 2022 Pull Back. The Biggest loser are in Category 2 who freeze like Old Monks when they are supposed to take massive Price Action when it matters...

Meow

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD

Dec 29, 2022 10:51 AM | Report Abuse

whizzkid
Mabel is the best! I knew it..
15/07/2022 12:40 PM

Haha of course Mabel is the best..

Now you know why Blondi and Huang always loves to follow Mabel across i3 and walk 3 steps behind Mabel..

Keep pumping..

Meow Meow Meow

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Feb 22, 2024 10:31 AM | Report Abuse

#TalkNumberOne Mabel why siao lang sniffing you from behind all the time? Hahaha😂😂😂😂😂
22/02/2024 8:51 AM

Hahaha...what do you expect from an Auntie who has been hibernating for 7 years?

Sure finish one after wake up...hihihi...

DickyMe Buy order placed!
08/04/2024 11:08 AM

Haha bought oledi. Been in and out of this counter many times. BUY LOW SELL HIGH and oledi locked profits. Holding cost is so good..always GREEN as this counter P&L is very positive and has always been positive.

Mabel loves this operator. So holding CapitalA is never a problem..

Now waiting for the real breakout...

To New York with loves...

Captain Mabel Meow

Sslee This is because MAS reset it Balance sheet with a debt restructure whereas capA Balance Sheet is a total disaster.
31/12/2023: 31/12/2022
RM'000: RM'000
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)


Malaysia Aviation Group Awarded the ‘Restructuring Deal of the Year’ Award at The Aviation 100 Deals of the Year Awards 2022
13 MAY 2022|MALAYSIA AVIATION GROUP
KLIA, 13 May 2022: Malaysia Aviation Group (MAG) has emerged as the winning entity for ‘Restructuring Deal of the Year’ at the Airline Economics’ The Aviation 100 Deals of the Year Awards 2022 following the successful restructuring exercise, which saw the Group reduce its liabilities of over RM15 billion and eliminating RM10 billion in debt mounted from decades-long issues of its balance sheet.
23/03/2024 11:52 AM

Sslee

How does MAG do it?

Didn't know they are Magician too..

Meow

$YINSON Q4 Briefing – Expansions well underway, with big targets in the coming years.

1. Contribution from FPSO Anna Nery increased Revenue, GP, EBITDA, PATAMI (since 7 May 2023) YoY, offset by disposal of FPSO Adoon in Q4.
2. EPCIC contributions decline... YoY, recognized RM 5.2b from FPSO Atlanta and Agogo...
3. FPSO Atlanta and Maria Quiteria expected to achieve first oil in 2024, with Agogo in 2025.
4. Renewables Segment still loss making but solar farms are positive on EBITDA basis...
5. ChargeEV...
6. Orderbook currently at USD 23.4 bil...
7. Contract backlog of USD 22.3 bil until 2048...
8. Yinson focuses on the mid-sized FPSO market, as well as conversion / redeployment...
9. Yinson can comfortably handle 5 ongoing FPSO jobs. Very selective in tenders...
10. So far, Yinson has always maintained best in class financial and operational records...”

Meow

https://www.upstreamonline.com/rigs-and-vessels/yinson-delivers-5-2-billion-brazil-fpso-five-months-ahead-of-first-oil/2-1-1621878

Malaysian floater specialist Yinson has christened a floating production, storage and offloading vessel destined for Petrobras’ Parque das Baleias development in the northern portion of Brazil’s Campos basin 5 months ahead...

More news...

Meow Meow Meow

Meanwhile, aided by a whirlwind of bullish news, Brent prices surpassed the $90 per barrel threshold and surged past the $91 per barrel mark on Friday morning. The anticipation of Iran’s retaliatory strike on Israel, a developing Mexico export shortage, and the continuation of OPEC+ cuts have boosted sentiment in the oil market recently. On the other hand, the potential of the Fed not cutting interest rates this year could pour some cold water on the oil price rally.

Meanwhile, aided by a whirlwind of bullish news, Brent prices surpassed the $90 per barrel threshold and surged past the $91 per barrel mark on Friday morning. The anticipation of Iran’s retaliatory strike on Israel, a developing Mexico export shortage, and the continuation of OPEC+ cuts have boosted sentiment in the oil market recently. On the other hand, the potential of the Fed not cutting interest rates this year could pour some cold water on the oil price rally.

Meanwhile Mabel's Prince of Construction, Gamuda hit a new high after they decided to follow Prince YTLPOWER and Princess SingTel in Data Centres Growth..

Wow now everyone wants to be in Data Centres..

The more the merrier...

Meow Meow Meow

Cheers UlarSawa My Brother...

Thousand Apologies...

Meow

Huangbk72
Serba is not hibernating.. its called doing a good deed to counter your evil actions. U dont know karma?

Posted by Mabel > 5 minutes ago | Report Abuse

Haha Auntie Huang just wake up ke?

7 Years hibernating in Pmcorpes and 2 years in Serba..hihihi
04/04/2024 2:22 PM

Good Deeds?

Haha there are currently 3 types of Investors in Serba:

1. Bonus Issues Investors
2. Pre July21 Suspension Investors
3. Post July21 Suspension Investors

The one that benefits the most is Category 1 who was awarded Bonus Issues, Dividends and took price action during Dec 2020 rally. 2nd is Category 3 who took massive price action during July 2021 rally, Nov and Dec 2022 Pull Back. The Biggest loser are in Category 2 who freeze like Old Monks when they are supposed to take massive Price Action when it matters...

Meow

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD

Dec 29, 2022 10:51 AM | Report Abuse

whizzkid
Mabel is the best! I knew it..
15/07/2022 12:40 PM

Haha of course Mabel is the best..

Now you know why Blondi and Huang always loves to follow Mabel across i3 and walk 3 steps behind Mabel..

Keep pumping..

Meow Meow Meow

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Feb 22, 2024 10:31 AM | Report Abuse

#TalkNumberOne Mabel why siao lang sniffing you from behind all the time? Hahaha😂😂😂😂😂
22/02/2024 8:51 AM

Hahaha...what do you expect from an Auntie who has been hibernating for 7 years?

Sure finish one after wake up...hihihi...

Haha Auntie Huang just wake up ke?

7 Years hibernating in Pmcorpes and 2 years in Serba..hihihi

Hihihi Target RM 2
Hohoho Achieved 18 sen
Hahaha 7 years hibernation.

Only Auntie Huang can do it...Hahaha

Meow Meow Meow

#Mikecyc Haha Pokkai Tin Kosong Auntie Kon Huangbk blowing PMCORP with TP RM 2.00 , see its Value since 2013 wow … must be loss naked liaw .. hibernated more than 7 years in Animal cave since 2014 … 


And keep lying and twisting her PMCorp cost is RM 0.245


>>>

👉Posted by Huangbk72 > 2013-11-21 11:51 | Report Abuse 
To mikekong55 


I have been a follower of your stock recommendations. 


You have been fairly accurate in your assessment of PMCorp movement.

👉 I am also in PMCorp as I believe in buying and holding long term. Been accumulating from .27 till .36 till .26 and today .28. Being involved in FMCG business, I understand and see the value in PMCORP.


>>>>
After kissed awaken by Kon BobAxelrod on 2021 .. both as Pretending Negative Commentators in Serba … 



Her partner Kon BobAxelrod said will not recommend best stocks wow but used many aka id to promote.. 



👉 Pokkai Tin Kosong Auntie Kon Huangbk72 Twisting saying I am the One whom said will Not Promote stocks . 



Her Partner Kon BobAxelrod is Missing in Action liaw … 



Pokkai Tin Kosong Auntie Kon Huang so desperate liaw … want to challenge ppl with betting her Failure life .. seems her life is worthless , worst than animal life ..…😅😅🤣..
04/04/2024 12:29 PM

Haha thank you so much Sifu Mickey..

Earlier Mabel not sure which one was the Real Auntie Huang as they both looks alike...

Now Mabel know which one who has been hibernating for 7 years in PMCorpse..

7 + 2 years in SD

Unbelievable..

Only Auntie Huang can do it...Hahaha

Meow Meow Meow

#UlarSawa Haiyoh Sister Mabel pun belum dapat raya angpow like YAB lagi kah. YAB sudah dapat 2 kali raya angpow leh. Sister Mabel want to run road no need keep promoting and hanging big banner like Pusing Queen did at Taikor leh. Like this macam unethical like Pusing Queen leh. Haiyoh. Correct?
04/04/2024 7:40 AM

Haha Touche Ular...

Mabel Few round oledi lock profits..

Mabel feel so safe and secured with YTLPower...

It's so powerful like BMW 328!!!

Meow Meow Meow

Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD

2 months ago | Report Abuse

Haha RM 4.22...

So nice and lovely

YTLPOWER got Power..

Thanks God we have dragon 328...

Meow Meow Meow

Date Open Price Target Price Upside/Downside Price Call Source News
23/02/2024 3.89 4.48 +0.59 (15.17%) BUY TA Price Target News
23/02/2024 3.89 4.69 +0.80 (20.57%) BUY RHB-OSK Price Target News
23/02/2024 3.89 4.10 +0.21 (5.40%) BUY KENANGA Price Target News
23/02/2024 3.89 5.55 +1.66 (42.67%) BUY HLG Price Target News
23/02/2024 3.89 5.10 +1.21 (31.11%) BUY AmInvest

Nice Closing...As long Mabel's holding cost is below current price, Mabel can continue Goyang Kaki...hihihi..

Beside all the experts in TA, RHB, Kenanga, HLG and AmInvest are giving nice TP...

The only headwind are those call warrants..

Hopefully, can get some nice angpow for Hari Raya...hihihi...

To Our Success !

Meow

OTB will come back when Yinson is ready to dance...

Right now Yinson TA is not so good FA is good..

Sometime this Bursa very funny..

Some counter FA not so good but TA so good..

Axiata loss RM 2.457 billion RM 2.8 can why BIMB RM 553 mil profit can only reach RM 2.61?

#paktua73 morning sis Mabel..
come joined paktua play new born stock ZANTAT..
now hit rm0.53 just in 4 trading day..
Paktua expected can reach rm0.70 on 34 Trading days from 1st day born..

tut tut.
let joined paktua swing in good opportunity like ZANTAT
02/04/2024 10:00 AM

Haha Thank you for the Invitation paktua73…

Lately Mabel has received lots of invitation to tango with IPO. IPO can be attractive and one of them which Mabel has invested was Greatech. Greatech has given Mabel more than 700% ROI over a period of 3 years.

Zantat Holdings Bhd was recently listed company on the ACE Market of Bursa Malaysia, specializes in calcium carbonate production.

IPO Debut: On March 27, 2024, Zantat made a strong debut by opening at 40 sen per share, which was 60% higher than its initial public offering (IPO) price of 25 sen per share. The opening volume of the new counter was 6.3 million shares.

Business Focus: Zantat is primarily engaged in the production of calcium carbonate. This compound finds applications in various industries, including plastics, rubber, PVC pipes, cables, paints, coatings, ceramics, and more.

Market Valuation: Based on its net profit of RM6.77 million and basic earnings per share of three sen for the financial year ended December 31, 2023, at 40 sen per share, Zantat is now valued at approximately 13 times its price-earnings ratio.

Mabel will pass this one paktua73 as the name of the company oledi makes Mabel blush pink all over …hihihi…

Besides, the business itself is not in line with Mabel’s Business Interest.

All the best to you and Zantat !

Meow

Meow Meow Meow Meow

One Meow is RM 1

Now 4 Meow oledi.. Hihihi

Meow Meow Meow

Meow Meow Meow

Meow Meow Meow

SRS Consortium (60% owned by Gamuda) has been offered the Penang LRT or Mutiara Lines Segment 1 construction after the Cabinet gave their go-ahead for the LRT project on 22 Mar. We are positive on this development. We estimate the civil works for Segment 1 to be worth MYR8+b, providing an estd. 20% uplift to Gamudas orderbook. We make no change to our earnings forecasts for now. BUY, with an unchanged MYR5.80 RNAV-TP.

#dragon328 @Mabel, this Walll Street fair value for YTLP is derived by AI using inputs from 10 analysts. If you check the methodology and data inputs to the AI, you will see that it relied on just one analyst's input for projected cashflow for 2027 to extrapolate further to 2030 and to calculate the terminal value. As this particular analyst gave a very low projected cashflow figure for 2027 (something like RM2.1b for 2027 compared to RM2.7-3.0b for 2025-2026 based on more data inputs), so the AI thought that the earnings would gradually go down over the years from 2026. This to me sounds like the narrative of some local analysts like Maybank.

Apparently this particular analyst was able to influence the valuation of YTLP by submitting a low cashflow projection figure for 2027 to Wall Street.

So just take it as a pinch of salt.
01/04/2024 8:57 AM

Yes and thanks for your feedback dragon328...

To Our Success !

Meow Meow Meow

#UlarSawa Haiyoh cham lor. Competition so great in this type of business leh. Can YTLP compete or not is a very big Question Mark leh. Lawan Taikor Taikor with so much of Fund to pump in leh. Haiyoh. Correct?

Mabel

https://seekingalpha.com/news/4085355-microsoft-openai-eyeing-100b-sup...

Microsoft (NASDAQ:MSFT) and OpenAI have been in talks to invest as much as $100B for a data center project that would contain a supercomputer, the biggest in a series of installations the companies plan to establish over the next six years, The Information reported, citing people familiar with the matter.

Meow Meow Meow
31/03/2024 10:38 AM

Here a snap shot of YTL Power from Wall Street. Mabel recon earning has not taken into consideration from data center.

REWARDS
Trading at 6.1% below our estimate of its fair value
Earnings grew by 86.6% over the past year
Trading at good value compared to peers and industry

RISK ANALYSIS
Debt is not well covered by operating cash flow
Earnings are forecast to decline by an average of 5.7% per year for the next 3 years
Volatile share price over the past 3 months

Price target increased by 14% to RM4.23
Up from RM3.72, the current price target is an average from 10 analysts.
New target price is 5.1% above last closing price of RM4.02.
Stock is up 447% over the past year.
The company is forecast to post earnings per share of RM0.36 for next year compared to RM0.25 last year.

Based on dragon comments looks like it debt now covered at subsidiary level..

Meow Meow Meow

#dragon328 Let me update on YTL Power cashflows and net cash situation based on latest Q2 FY2024 results:

Operating cashflows before working capital changes and capex amounted to RM2.74 billion for the 6 months ended 31 Dec 2023, annualised to RM5.5 billion. Among this, PowerSeraya will contribute over RM3.0 billion of operating cashflows a year to YTL Power, others are steady dividends from Jawa Power and Jordan Power plus shareholders' loan interest income.

Capex for the 6 months amounted to RM1.6 billion, meaning that YTLP had free cashflows of RM1.4 billion for 6 mths, annualised to RM2.8 billion a year.

As of 31 Dec 2023, YTLP had gross cash of RM9.6 billion and total borrowings of RM31.4 billion, or net debt of RM21.8 billion.

I estimate that almost all of the debts are sitting at the various subsidiary level:
Wessex - GBP3.1b or RM18.6b
PowerSeraya - SGD1.0b or RM3.5b
Jordan - USD1.5b or RM7.0b
Yes - RM1.0b
YTL Comms/data centre - RM1.3b

Total debts at subsidiaries RM31.4bn

This means that at the holding company level, YTL Power actually has zero debt. The RM9.6b gross cash at the balance sheet, the bulk of which is sitting at subsidiary level too for general working capital purposes and for future capex plans. I estimate that at the holding company level, there is a minimum of RM2.0 billion net cash that YTL Power can deploy for future M&A and new project capex.

So to some parties claiming of high debts at YTL Power, please study the balance sheet again.

Why are they not saying high debts at Tenaga?? FYI, Tenaga had total RM61 billion of debts and gross cash of RM19.3b as of 31 Dec 2023. Tenaga is required to spend a total of RM51b for normal grid capex over next 5 years to 2030 and additional RM35b for NETX related capex by 2030, so a total of RM86 billion of capex to be spent over next 5-6 years. Where is it going to get the money from? By increasing the electricity bills for everyone here? BY getting bailout grant from the government? from issuing more bonds? by getting more bank borrowings? Please think again and talk with facts and figures.
31/03/2024 12:16 PM

Wah 50% EBITDA Margin assumptions oledi good enough for Mabel..now we have 75% EBITDA margin for Data Centre..

Hopefully this potential upside can tame the so call Call Warrant Headwind..

To Our Success

Meow Meow Meow

https://seekingalpha.com/news/4085355-microsoft-openai-eyeing-100b-supercomputer-project?mailingid=34871236&messageid=2900&serial=34871236.95133&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=34871236.95133

Microsoft (NASDAQ:MSFT) and OpenAI have been in talks to invest as much as $100B for a data center project that would contain a supercomputer, the biggest in a series of installations the companies plan to establish over the next six years, The Information reported, citing people familiar with the matter.

Meow Meow Meow

Data Centres: All eyes on Asia’s future Digital Tiger

Haha in our region, Singapore SingTel, Malaysia YTLPower and Indonesia Indosat are moving into this area for the growth business..

Here’s some good news for us..the POWER TEAM

https://www.msn.com/en-my/money/topstories/data-centres-all-eyes-on-asia-s-future-digital-tiger/ar-BB1krZFE

Meow Meow Meow

Sapnrg still steady close at 5 sen..

Pchem solid company is down by 8 sen today..

SinGor I read latest CO*2 dumping----Can understand why TOTAL wants to Buy lost making SapuraOMV. Bcos Malaysia
Gov allows Oil Giants to Dump CO*2 into Gas pipes---A $16Bil Biz in 25years----Co. that remove CO*2 from
production can continue Operating into 2050 ( EU Green Law )
29/03/2024 9:07 AM

Yes I saw that...

https://theedgemalaysia.com/node/706259

Aameen...

Looks like $6.70 is the big resistance here...

To $7.50 with loves..

Haha today Mabel collect more at RM 6.71 and RM 6.70..

Hopefully can make some Duit Raya..

Yinson good company..

Maybank is definitely much better..

Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of state investment firm Permodalan Nasional Bhd (PNB), has announced the following dividends for the financial year ending March 31, 2024:

Amanah Saham Bumiputera 2 (ASB2):
Total income distribution payout: RM670 million
Equivalent to: 5.25 sen per unit
Number of unitholders: 552,297
Total units held: 12.73 billion

Amanah Saham Malaysia (ASM):
Total income distribution payout: RM1.33 billion
Equivalent to 4.75 sen per unit
Number of unitholders: 699,807
Total units held: 28.05 billion

These distributions translate to total returns of 5.25% for ASB2 and 4.75% for ASM, both outperforming the benchmark of Maybank’s 12-month fixed deposit at 2.84%. The funds have sourced their earnings from realized gains and dividend income from both local and global equity investments, amidst a volatile backdrop of elevated inflation and growing economic downturn concerns. Additionally, diversification into other asset classes, such as real estate and private investment, has contributed to stable recurring income for the funds.

On the other hand, Mabel’s Maybank (Malayan Banking Berhad) has a dividend yield of 6.35% based on its trailing twelve months (TTM) data as of March 23, 2024 covered by earnings with a payout ratio of 77.4%. It’s essential to consider the context, investment goals, and risk tolerance when evaluating dividend yields from different institutions.

Meow

In FY2023, it recorded an active utilisation rate of 75%, with an estimated orderbook of over RM300 million.

For the full-year of FY2023 (FY2023), Icon Offshore’s net profit plunged 97.13% to RM4.86 million, from RM168.92 million in FY2022, while revenue dropped 29.52% to RM199.79 million, from RM283.48 million during the same period.

The weaker earnings were mainly due to a decline in gain on disposal of property, plant and equipment of 99.68% in FY2023 at RM649,861, compared to RM206.33 million in FY2022.

In 2022, Icon Offshore disposed of its sole jack-up rig to Saudi Arabia-based ADES Arabia Holding for RM381.65 million, which resulted in a gain of disposal of RM196.3 million, significantly boosting the group’s financial performance in FY2022.

On Tuesday, Icon Offshore’ share price closed up 3.5 sen or 5% to 73 sen, bringing the group a market capitalisation of RM395 million. Year to date, the stock has gained 28%

Yinson’s share price settled eight sen or 3.3% lower at RM2.35 for a market capitalisation of RM7.2 billion.

Source: The Edge

The transaction places Ekuinas as one of the few investors within the O&G sector to successfully realise its investment, Syed Yasir Arafat added.

“With the investor’s track record and financial stability in the O&G industry, we consider the transaction to be a win-win opportunity, mutually beneficial for both Ekuinas and Icon Offshore shareholders.

“This strategic divestiture is certainly a reflection of our commitment to maximise shareholder value and one that leaves Icon Offshore in capable hands to chart their next level of growth,” he added.

Icon Offshore has established itself as an OSV provider in Malaysia and Southeast Asia that primarily serves the Malaysian and Bruneian coasts with a total of 19 active OSVs.

Notably, Ekuinas has held the majority stake in Icon Offshore for over a decade, since its investment in 2012. It is stated in Icon Offshore’s 2023 annual report that Ekuinas has a total of 56.03% stake in Icon Offshore via Hallmark Odyssey Sdn Bhd as at March 30, 2023.

Following the transaction, Ekuinas' shareholding in Icon Offshore is set to reduce to about 5.83%.

In a separate statement, Ekuinas chief executive officer Syed Yasir Arafat Syed Abd Kadir said that the private equity firm has made a cumulative realised gain of over RM500 million, derived throughout Ekuinas’ holding period of more than 10 years.

Following the 50.2% acquisition, Lim through Liannex also extended its offer to acquire the remaining shares it does not own, consisting of a cash offer of 63.5 sen for a 49.8% stake in Icon Offshore and 100% of its warrants or 130.90 million warrants for 0.1 sen.

The 63.5 sen offer price represents a discount of 13% to Icon Offshore’s closing price of 73 sen on Tuesday. Its 0.1 sen offer price for warrants showed a massive discount of over 99% from its warrants' closing price of 17.5 sen on the same day.

The new shareholder intends to maintain Icon Offshore’s listing status.

Yes Sir..

Singaporean trading and logistics firm Liannex Corporation (S) Pte Ltd is the ultimate offeror in the takeover offer. It also serves as a private vehicle for Lim Han Weng and his spouse Bah Kim Lian, who are the parties acting in concert, according to Icon Offshore's exchange filing on Tuesday.

Lim is the group executive chairman at Yinson, a floating production storage and offloading vessel (FPSO) and OSV provider, with a 23% indirect shareholding and a 1.5% direct stake in the company.

He acquired the 50.2% stake in Icon Offshore from Ekuiti Nasional Bhd, the state-owned private equity firm also known as Ekuinas.

This counter very tough to be long term investor aka Value Investor..

Price like Yo Yo everyday...force you to trade to capitalize on the volume and volatility..

Now Mabel Blonde Hair turn White oledi...hihihi

Meanwhile Market does not take it positive about Malaysian government-linked private equity firm Ekuiti Nasional (Ekuinas) news that it sold a 50.2% stake in oil and gas services company Icon Offshore to Liannex Maritime for 172.7 million ringgit ($36.61 million) in cash.

Liannex is owned by Lim Han Weng, chairman and major shareholder of Malaysian energy infrastructure company Yinson Holdings YINSON

Hihihi Target RM 2
Hohoho Achieved 18 sen
Hahaha 7 years hibernation.

Malaysian government-linked private equity firm Ekuiti Nasional (Ekuinas) said Tuesday it has sold a 50.2% stake in oil and gas services company Icon Offshore
to Liannex Maritime for 172.7 million ringgit ($36.61 million) in cash.

The sale reduced Ekuinas' stake in ICON to 5.8%, it said in a statement. It added that it had recorded cumulative gains of over 500 million ringgit over the more than 10 years it has been invested in ICON.

Liannex is owned by Lim Han Weng, chairman and major shareholder of Malaysian energy infrastructure company Yinson Holdings
YINSON, according to the statement.

hihihi...after 7 years hibernating...

PM Corp achieve only 18 sen..hihihi..

Poor Auntie..hahaha

Haha when Auntie Cums, Sap is back to 5 sen ...hihihi

BTW how much is your PmCorpes today?

Haha 18 sen...hihihi

Poor Auntie...no meet TP RM 2..hahaha

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

2 weeks ago | Report Abuse

Poor Auntie Huang ...PM Corpes from TP RM 2 to 19.5 sen hihihi

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Mar 5, 2024 2:34 PM | Report Abuse

#Felix888999 I have proven Huang Bok Kai a shameless kon and a liar.

This Auntie caught cheating again

On 21st Nov 2013 she posted:

"Been accumulating from .27 till .36 till .26 and today .28".

My rough calculation her cost should be around .30.

One month later on 10th Dec 2013 she posted:

"My average entry cost is .245. Cumulated from .19 till .35"

Hahahhahaa this is a shameless liar, her cost just keep changing. Based on her statement in Nov, impossible she get average cost 0.245! Auntie Huang use time machine went back Oct 2013 bought that .19 lot ke?

Shameless kon Women also bullshiting PMCorp TP 2.00 and come with steady dividends. Hahahahhahahaha 🤣😉🤣🤣 laugh live me!!

Asked her show us that TP 2.00 until today still pusing here pusing there!!!


Posted by Huangbk72 > 2013-11-21 11:51 | Report Abuse
To mikekong55 

I have been a follower of your stock recommendations. 

You have been fairly accurate in your assessment of PMCorp movement. I am also in PMCorp as I believe in buying and holding long term. Been accumulating from .27 till .36 till .26 and today .28. Being involved in FMCG business, I understand and see the value in PMCORP.

Stock: [PMCORP]: PAN MALAYSIA CORPORATION BHD

2013-12-10 19:53 | Report Abuse

Hi Chrollo

Welcome to this thread.

This counter is for long term investors. My timeline is 5 years and I expect rm2.0 by then with a steady dividend payout. Others may have other TP.

Your entry price now is lower than most of us here. My average entry cost is .245. Cumulated from .19 till .35

Cheers .
04/03/2024 9:19 PM

Haha Thanks for sharing this information Felix888999..

Mabel just check on Pm Corpes latest price...19.5 sen!!!

From TP RM 2 to 19.5 sen...

Now Mabel understand why Auntie Huang Hibernated for 7 years....hihihi

Meow