February 2019, Velesto managed to bag a RM155 million contract extension from Hess Exploration and Production Malaysia BV for a high pressure, high temperature jack-up drilling rig, the NAGA 8, for work in offshore Peninsular Malaysia.

In April, Velesto’s unit, Velesto Drilling Sdn Bhd, secured four contracts for its jack-up rigs NAGA 2, NAGA 3, NAGA 5 and NAGA 6, with a combined value of RM432 million for a firm one-year charter.

The contracts came with two one-year extensions each.

The contracts for the NAGA 2, NAGA 3 and NAGA 5 jack-up rigs, with an estimated contract value of RM105 million, RM105 million and RM108 million respectively for the first one year period, will commence in May/June 2019.

The NAGA 6 jack-up rig services contract worth RM114 million commenced in August 2019.

Velesto Energy Bhd is aiming for a turnaround by the end of this year based on its projection of better utilisation rate from the recovery in the oil and gas industry, said president and executive director Rohaizad Darus.

Velesto narrowed its losses from RM1.18 billion for the year ended 31 December 2016 to RM20.44 million for the year ended 31 December 2018.

Rohaizad said the utilisation rates for Velesto’s jack-up rigs had improved over the years from a challenging 21 per cent in 2016 up to 73 per cent last year.

“This is a clear sign that the oil and gas industry is recovering from a slowdown in the past two years. If there is no external major shock that could lead to major change in oil price, we will be able to hit more than 80 per cent target of our jack-up rigs’ utilisation rate.

Petronas has announced a capex allocation of more than RM50 billion for 2019, compared to RM47 billion in 2018 and according to Petronas Activity Outlook report for 2019-2021, between 16 to 19 jack-up rigs were required each year during the period.

Strong profit taking today for Jaks...
It is always like that, when Jaks hit a new high, there are bound to be people profit taking

Looks like some contra players with the profit from Jaks, switch to Armada and Velesto.

Dont worry, very soon, these contra players will switch back

Velesto Upcoming Qtr report - the net profit increased

With the price up of Armada, Velesto also up... very soon velesto will cross the 0.4 marking...into the next 0.5...

Thank you Mr Ooi Teik Bee and DK66
Jaks today hit a new high of 1.3
Congrats to all , this is a new high of Jaks....

Mui Properties- It's wholly owned investment firm Cesuco Trading Ltd will be converting a A$1.5 Million ( RM4.25 Million) secured convertible note in an Australian gold exploration company into ordinary shares

Muiproperties will be earning exchange rate as it's subsidiary is an Australian company...
Gain in foreign currency ...

Muiprop at 0.175 - a good price to collect more

Noob Investor - I believe you are right.
20 million today change hand , AT volume is 20 million today.

Contra players scare/worry/ dont have holding power, Contra players throw
Contra players throw, Investors buy ( always remember, someone sell, there must be someone buy).

Why investors are buying ? very simple, investors believe that AT qtr result going to be out around Nov 29, once the results out, AT price will be push higher.

Stay calm, and buy more when AT price drop, very soon, you will not see this cheap price anymore.
This is for the believer, your choice to believe or not....

Near TP 0.1 , next TP0.15, next next TP0.2

Overall market condition is bad today, Bursa drop 15 points earlier, and now rebound to drop 13 points.

Bursa drop due to the tension in Hongkong this morning. Once hongkong stabilized , market condition should return to normal, AT will be a new high again.

Investors - try to buy at each batch, and you will see yourself entering AT at each new level, and cheers AT will make you rich, and richer.

AT qtr to be release result will see increase in profit. Qtr result expect out in end of Nov.
AT price then, will be another new high.

Near TP 0.1 , next TP0.15, next next TP0.2

I managed to buy another batch of AT at 0.075 today.

Good news for Mui Prop :-
Mui Properties- It's wholly owned investment firm Cesuco Trading Ltd will be converting a A$1.5 Million ( RM4.25 Million) secured convertible note in an Australian gold exploration company into ordinary shares

Cesuco will convert the notes into 132.47 Million ordinary shares of Nex Metals Explorations Ltd - 40.73% of the enlarged share capital of Nex Metals, at an issue price of A$0.01338 per ordinary share.

Cesuco Trading has advised Nex Metlas of its decision to exercise the share conversion, said MUI Properties in a statement. Based in Perth, Nex Metals - listed on Australian Securities Exchange - is primarily in gold exploration.
Mui Properties said the conversion is subject to Nex Metals shareholders' approval.

Nex Metlas, earlier this year, entered into an agreement with Metalicity Ltd, another listed mineral exploration company in Australia, to undertake exploratory drilling on nine separate gold mining sites in the Kookynie area.

Test Results from the nine reversed circulation drill holes undetaken by Metalicity confirmed that gold miniralisation exists beyond what historical data based on the previous drilling had indicated.

Now you know why Mui Properties price has been on an uptrend lately.
MuiProp near TP 0.25, next TP 0.38

At volume 7 million as of now ....
Huge volume buying at 0.08.
Very soon will cross 0.085

At coming to be release Qtr result Nov 29, expected the net profit to increase.
A lot of people are scare when they know that qtr result coming out.
But why you want to be scare with AT ?
AT price is so cheap at 0.08 now, and AT has gotten a lot of machines orders, fabrications orders, solar system, rental incomes, electricity income generated from its own solar panel.

AT Systematization Bhd also manufacture and supply high quality machined components to subsidiaries of Swiss company Rieter Machine Works Ltd.
This is a three-year period with an automatic extension for a further year, includes aluminium profiles to be used in Rieter’s textile machines. (The Edge Daily)

Once AT result release, AT will cross many many news high, and you will not find AT at 0.08...
Choice as always it is always yours, to be rich or to be richer... your choice.

Near TP 0.1 , next TP0.15, next next TP0.2

The upcoming OPEC and US China trade negotiations will be another contributing factor to the uptrend in oil prices

Velesto huge volume today 9 Million as of now.
People selling, Investors buying. Got people sell, means got people buying..

Why people selling? - These are the contra players, who does not have funds to hold. They thinking to make fast money in buying Velesto. These are the people who buy and sell contraly.

Why people buying? - These are the serious investors, who keep on buying when the contra players sell. Why are the serious investors buying? Due to soon to be announced qtr result around nov 23, Velesto have increase net profit.

Velesto near TP 0.48, next TP 0.56

DJI future going up very high now, all green with high

Velesto tomorrow will be a new high.
Velesto at 0.395 still a very good buy
Velesto near TP 0.48, next TP 0.56

Thank you Mr Ooi Teik Bee and DK66 for your most informative info on Jaks.
Jaks will trend higher, and higher,
Now it is the best time to accumulate/buy more Jaks.
At 1.16 Jaks has a lot more room to growth, and we are seeing Jaks at RM3
Jaks near TP 1.32, next TP 1.85, Next next TP3

I go back and re-check the post between OTB and DK66, and I re-post here for all investors to read as I believe this is very informative to guide us on buying more Jaks :-

OTB Posted by DK66 > Nov 6, 2019 10:05 PM | Report Abuse

If Mong Duong 2 can distribute US$145m in 9 months, how much is its earnings ? It is a solid proof of my earlier statement that Vietnam BOT is a gold mine !
Based on US$145m in 9 months, Jaks could be receiving RM183m for its 30% share or RM244m for 40%.
Dear DK66,
Please help to enlighten me.
I cannot understand what is Mong Duong 2 can distribute USD145M in 9 months.
You mean Mong Duong paid power plant contractor for the work done on this power plant.
I did not read your earlier postings, I came in late in Oct 2019 only.
Thank you.
07/11/2019 8:28 AM
DK66 Dear OTB,
Mong Duong 2 power plant began operation in 2015, the distribution came form its capacity and energy billings on electricity sold to EVN.

Sslee Dear DK66,
You are right MongDuong distribute YTD 2019 USD: 74/0.51= 145 million to its shareholders. MongDung must have benefited from higher sales, better pricing, better cost control, lower financial cost, better FCF or accumulated FCF and etc. This is indeed great news to JAKS.

AES 51% Subsidiary MongDuong Distributions
Mong Duong: USD 74M (YTD 2019):
Mong Duong: USD 45M (FY2018)
Mong Duong: USD 51M (FY2017)
Mong Duong: USD 46M (FY2016)

OTB Dear DK66,
Assume yearly profit of Jaks from power plant is RM 250M.
Will this profit subject to tax from Vietnam government and Malaysian government ?
Please advise.
Thank you.
07/11/2019 8:42 AM

DK66 Dear OTB,
AES owns 51% of Mong Duong 2.
Mong Duong 2 distributed US$74m to AES YTD 2019 from its electricity sales.
07/11/2019 8:43 AM
DK66 Dear OTB,
Under the investment certificate, Jaks is free from taxes for the first 4 years, 5% VAT for the next 5 years, thereafter 10%.
I believe there is double tax treaty between Malaysia and Vietnam, if so, income from vietnam will not be subjected to tax in malaysia.

ThinkFirst - Cheers..
Velesto keeping the momentum 0.395 , 20 Million changing hands, Huge volume buying and accumulate more
Got people sell, definitely got people buy, that why you are seeing investor keep on buying and buying

Salute -
Those waiting to buy - wait a while first as every investors is waiting for coming Qtr result, expected around Nov 26 this morning, ( another 2 more weeks results will be out).
While Salute has a big customer A, but the orders from Customer A will not be capture in this coming Nov 26 to be release result.
That's why Salute price has been dropping.

Those wanting to buy Salute, wait for price to drop more, then buy, so wait till Nov 26, then only decide.
Those holding Salute, and have holding power, you may want to hold for long term, as Salute has potential and room to grow.

Why Jaks rallies ?

Vietnam power plant is expected to meet the scheduled work plan.
The increasing quarter profits and the news of the ongoing power plant construction will enhance demand for Jaks
MR ANG LAM POAH ( CEO of Jaks), has been accumulating, and buying more Jaks shares
Coming to be release financial qtr target date Nov 29, Jaks net profit expected to increase
That why you are seeing Jaks price keep on increasing, and there volumes buying.
Mr Ooi Teik Bee has also recommended Jaks to all his hundreds of subscribers, as Mr Ooi Teik Bee believe Jaks has a lot of potential to go up more , that why Jaks price is going up.

Jaks near TP 1.32, next TP 1.85

Velesto 0.395 now, going to break 0.4
Armada heading towards 0.5, going to break 0.5
Velesto profit margin is higher than Armada profit margin, as velesto is cheaper than Armada
If you buy in Velesto now, and tag along with Armada, you will have bigger profit margin than Armada
Cheers Velesto. Velesto near TP 0.48, next TP 0.56

Dailog Qtr result just release, and net profit increase.
This shows that Oil and Gas counter for this qtr to be release result will be good
Velesto result should be release around Nov 23, and Velesto result should be good
Investors are buying into Velesto now, as Velesto is still cheap compare to Armada or KNM
Velesto near TP 0.48, next TP 0.56

I just bought Velesto at 0.39

Salute : Financial Info below

May 18, 2016 - IPO listing at RM0.80 ( Proceeds from IPO is RM62.4 Million)

Sept 2016 : Net Profit RM5,517,000
Dec 2016 : Net Profit RM 10,610,000
Mar 2017 : Net Profit RM 853,000
June 2017 : Net Profit RM2,374,000
Sept 2017 : Net Profit RM 6,453,000
Dec 2017 : Net Profit RM6,014,000
Mar 2018 : NET LOSS (RM116,000)
June 2018 : NET LOSS (RM989,000)
Sept 2018 : Net Profit RM 2,335,000
Dec 2018 : Net Profit RM996,000
Mar 2019 : NET LOSS (RM 3,068,000)
June 2019 : NET LOSS (RM813,000)

Coming to be release Sept 2019 ( expected date Nov2019), your guess is a good as my guess. Would salute be showing good Net Profit, or would Salute show a NET LOSS.

Investors are mostly worry about Salute coming to be release result this month, that's why Salute price has been dropping from a high of 0.985 to 0.815
Retailers are not too worry, that's why you still seeing volume on Salute.

Those still holding Salute, you could wait and see especially if you buy in Salute at the price range of 0.305 region ( when Salute drop IPO price of 0.80)

Those waiting to enter Salute, you might want to see the coming to be release results before you decide to enter.....

Cheers, Captain Mabel Sparrow, Velesto heading to 0.5 horizon very soon ! See you there

Who knows with luck, it might close at 0.085 today.
Next week, another new high
That's how we keep on aiming for AT

At Near TP 0.1 , next TP0.15, next next TP0.2

Mr Choong Lee Aun and Mr Mah Siew Wei should invite Ambank Research to visit their two factories in Penang, and write an analyse, this will promote AT, and make known to investors what their solar business and automation business, and the new orders that they have received for their machines.

AT will then, go up higher and higher in price.

When AT was initially listed it was run/owned by Mr Beh Lai Lien, and this was subsequently sold off.
Now AT was run by Choong Lee Aun, and he was appointed to the Board on Dec 2017. Give Mr Choong some time to turn around AT.

Mr Choong Lee Aun he could do it, trust him.
If not, during the AGM ask Mr Choong Lee Aun, or Mr Mah Siew Wei on their plan and expansion plan for AT.
Plenty in the pipeline.

Velesto and Armada - hand in hand the volume now
Both volumes around 33 Million.

Many investors has been picking up Velesto as Velesto is cheaper, and has more projects. Coming Quarter to be release in Nov, Velesto are predicted to increase its profit

Those who have holding power, can continue to hold Armada
Those thinking of entering Armada could consider Velesto as both are in the same category but Velesto is cheaper.

DJI future down now
Why ?
Yesterday DJI was up and up

I just bought Velesto at 0.4 & 0.395 this morning
Why I bought at this price? Velesto has potential to hit 0.5 very soon.
Velesto, Armada, KNM - all same category...

Many investors has sold Armada, and KNM to buy Velesto
Why ?
It's goes without saying, very obvious the answer.

Velesto at today price is much cheaper than Armada and KNM
Therefore, the profit margin for Velesto will be more higher.
Velesto has more room to move upwards, as Velesto has been trailing behind Armada and KNM

Those who buy into fundamentals should know that Velesto has been given many many projects worth a lot of billions.
Those who buy into charting, knows that Velesto has just broke its resistance level of 0.395, and this gives Velesto much room to move higher and higher up.

Congrats to those who bought in today, at 0.395/0.4 , very soon you will see that Velesto break another resistance barrier at 0.5

Genting Malaysia Bhd, via indirect unit Genting (USA) Ltd (GenUSA), has purchased 12.20 million shares in Empire Resorts Inc from Kien Huat Realty III Ltd (KH) for US$128.56mil (RM534mil).

In a filing with Bursa Malaysia yesterday, the company said GenUSA had acquired the shares at US$9.74 per share on Monday.

Genting Malaysia will fork out a huge US$167mil (RM692mil) cash to complete this JV proposal, including an initial stake acquisition of US$128.6mil (RM533mil) (or a 38% stake in Empire), US$9.4mil paid to KH and US$28.5mil (its 49% share of the cash infusion) to mostly fund Hercules to buy out minorities of Empire.

This was despite an overall decline in business volume for the gaming segment, primarily due to lower incentives offered to customers in line with the group’s cost-rationalisation initiatives.

On its prospects, Genting Malaysia said that challenging days are ahead for the regional gaming industry, particularly in the premium players segment, in light of the uncertain economic sentiment.

Take note of this : Genting Malaysia will see challenging days ahead, and price of Genting Malaysia might drop.
If you are thinking of entering, wait for price corrections.
Those who have the fund, pls dont sell, and keep on holding, when the price drop, you add in.

Captain Mabel Sparrow - To your question:
Right now 3 Battleships are heading towards 0.5 Frontiers..
1. KNM ( Flying Dutchman) - 45.5
2. Armada (Black Pearl) - 45
3. Velesto ( Empress) - 38.5
Let's see which battleship will break the 0.5 first
This is going to be an interesting races...

My answer to Captain Mabel Sparrow-
Of course KNM will be the first to hit the 0.5 Frontiers
I back my confidence with buying more KNM at 0.455 this morning. ( Prize giving ceremony Petronas) - Need I say more, of course not, the moment you know Petronas (KNM)
With these, KNM will surge faster towards the Frontiers of 0.5.

Cheers all....KNM very soon 0.5, Near TP 0.54

A sharp analyst will noticed that whenever price going to shot up, before that for the 1-2 weeks, the price will be press down for the big investors to buy cheap, and once the investors collected enough, then the price will shot up real high.

This is the time, we follow them, and win big too.
Dayang is one of the example. Choice is always yours, to believe or not to believe, is always yours.

Congrats to those who buy in yesterday Dayang of 1.88/1.89.
Dayang will go up very soon.

The Edge ( Nov 7, 2019) UOB Malaysia analyst Kong Ho Meng pointed out that the leading indicator — the jack-up rig count — has seen an increase from earlier in the year, pointing to improvement in upstream activity.

He said the jack-up rig count across Malaysia and the Joint Development Area have increased from nine in February to 16 in September this year.

“These 16 finally meet the high 16 to 19 jack-up rig demand outlook forecast that Petronas stated in their Activity outlook 2019-21.

“Petronas specifically said that the high rig demand is due to higher need for brownfield activities. Hence, brownfield and maintenance players like Dayang are guiding exceptionally strong 3Q,” said Kong.

However, whether the climb in O&G stocks can be sustained depends on the upcoming Petronas activity outlook for 2020-2022, likely to be released in December, he said.

Questions that many investors have is this : Why Dayang price keeps dropping? Very simple, making Dayang price drop, so that investors can buy in cheap. You must always remember, whenever there are people selling, there are people buying, yesterday the transaction volume is big.

The next question: Would the upcoming Petronas activity outlook for 2020-2022 in December, be a good outlook or not ? Of Course, that goes without saying, Petronas outlook in Dec will definitely be good and encouraging, as Petronas is controlled by the Govenment, definitely the outlook of Petronas will be good.

And once the news release in Dec, Dayang price will up and up.

Thanks for sharing Nepo. Appreciate this.

Velesto goes up today, 0.36 to 0.4
Armada investors are collecting now, Armada will goes up very soon.

As always, choice is yours, you believe in Armada, Armada will believe in you.
Velesto goes up, what's more Armada.
Cheers Armada, up up up

After lunch, AT surge up 0.08,
See can close today at 0.085? very soon will pass the 0.1
AT Near TP 0.1 , next TP0.15,

Salute is dropping now, investors waiting to see Salute coming to be release Qtr result - Target date Nov 26

Salute in the long term is good growth stock.
The new projects and the customer A : this will be potentially capture in next next Qtr result, and most probably will not be captured in Nov 26 to be result.

What will be Salute financial results in Nov 26 ? Your guess is as good as my guess, that's why you are seeing Salute price dropping. People are worry, and choose to wait and see, as obviously Nov to be release result will not be include the new projects and new customer A order ( as it takes time to manufacture too), but the Feb 2020 to be released Financial should be good

If Salute price drop more, then this represent a good opportunity to buy, at this price Salute might be consider expensive. Let's wait and see !

Nepo : " Respecting Cold Eye,Knowing that he has bought in a big chunk of Salute (10,360 lots), Maybulk (10,000 lots), Armada ( 30,000 lots) and Jtiasa (around 10,000 lots)
26/10/2019 9:10 AM "

Nepo : where you find the information that Cold Eye has bought Salute, Maybulk , Armada, and Jtiasa , and also the lots that he bought.

Appreciate your sharing Nepo.

AT coming to be released quarter result should be around the time frame of Nov 29.
The result will be AT turning to black, as AT has received many projects, and all these has contributed to AT bottom line figure.
Once the result release, AT will up and up

Now you know why investors has been keep on collecting AT fr 0.04 up to today 0.075.
AT still cheap as of now, once AT is on the radar of most research house, AT will goes up
AT Near TP 0.1 , next TP0.15,

Frontkn quarter result release today.
Very good result
Frontkn tomorrow once most people know the results, Frontkn price will shot up higher, and pass the RM2...

Frontkn near TP 2.5, long term TP5

Why KNM price these few days are around 0.45/0.445 ?
Due to each and every investors waiting for the soon to be released quarter. Should be around Nov 28 plus minus time frame.
Each and every investors are anxious, on whether this coming Nov release qtr will be increase profit or otherwise.

Answer : KNM this coming Qtr to be release, the profit will be increasing ++.
Don't just believe me, do an analysis yourself, and you will know the answer why KNM this coming qtr to be release, the profit will be an increasing profit.

Trust and believe, your choice. If you buy in now, KNM still cheap. You should know that once the good quarter results release, KNM price will go up higher and higher.

KNM Near TP 0.54, long term TP RM3

Uzma hit 0.99 this morning. Expect a price consolidation after lunch, as contra players will throw, and serious investors will hold.
Those waiting to enter, you can be patient, and wait for the right moment to enter.
Cheers, Uzma.

Congrats those who buy in yesterday at 0.925

Rio2814 , cheers for long life and good health, and let us all huat together.
You make a wise choice on AT ( I also normally wait for 2-3 years), AT at current price is a very very cheap bargain, AT another 2-3 years, even better than most tech stocks, as AT beside Tech stocks , AT also have solar business which is a potential growth industry. ( even during the recent budget, government go all out to provide incentive for solar business).
another 1 more year down the road, AT should be easily more than 0.8 ++ and above...

At this cheap price, people might said, buying AT is a gamble, but then, if you think this is gambling, then this is a calculated gambling or I would said buying AT is a calculated foresight on identify good potential big win stock.

As always choice is yours, AT is a big win ! Only are you a big win investor or not !!!

Uzma - 4 quarters already make increasing profit, this coming qtr to be released result will also make an increasing profit too.
A good company like Uzma keep on making increasing profit each quarter, this has happen for 4 consecutive quarters, and the next coming quarter is also expected to increase its profit too.
Choice as usual is always yours, to be believe or not to believe is always yours.
Uzma has a lot of potential, Near TP1.2, next TP 2

AT Systematization Bhd has acquired a 9.09% stake in Trive Property Group Bhd for RM2.92 million as it seeks to expand into the solar energy business.

AT group said its wholly-owned subsidiary, AT Precision Tooling Sdn Bhd, purchased the stake, comprising 213.32 million placement shares, at 13.7 sen per share.

AT Systematization said it is working with Trive to capitalise on sourcing of solar panels and solar products for periodic maintenance of its existing solar photovoltaic plants, for future expansion and for construction of additional solar photovoltaic plants.

“This will help to support the ATS group’s plan to expand its solar energy business in the future and ATS group may look to Trive for the supply of solar panels and related products at reasonable pricing to support the construction of new solar photovoltaic plants,” it said.

One more cats let out of the bag... More cats gonna let out from AT's golden bag...More good news to share along the way.

Now you know why AT keep on having big volume buying...
If you are an AT believer, then buy in ... if not, go park your money else where
You can choose to believe AT, after all AT is still cheap, you got nothing much to lose, except making more profit.

Changing hands just now very fast 0.075 to 0.08...
After lunch, AT more buying momentum
Hurry buy more AT, your choice, wise choice or not, depend on your guts...after all AT is still very very cheap.

Rio2814 : I'm 81 years and dont know read chart. I only buy low and sell high. Always make money.

Very happy to have you here RIo2814, at this AT forum. Cheers and happy birthday for your 81 years. Dont know how to read chart, never mind.
You only need a good grasp of the knowledge of how to identity a good potential growth stock.
Together, we will all make lots of money from AT.
Cheers, Rio2814 , Micheal Kwow and Mabel also in AT now.

We have all good people in AT, we will all rich together, helping and guiding each other.

AT - People sell at 0.075, investors buy at 0.075 = All is buy up transactions for today
Investors are slowly accumulating AT
I also top up my AT at 0.075 today.
Cheers !! for those who believe in AT
Once the research house / fund manager release AT write up, AT will shot up and up