One of the best stock in klse

Finally lose RM1.30 support..move towards RM1

"Genting Malaysia bought the old Miami Herald site in 2011 for US$236 million (about RM961 million), according to Miami Herald's report."
=====..======
The land in Miami belongs to Genting Malaysia Bhd NOT Genting Bhd

Extract from Genting Malaysia Bhd 2011 Annual Report:-
"Our plans for Miami took form in May 2011 when we
acquired the Miami Herald properties for US$236 million. In
November 2011, we also secured ownership of the adjacent
property, Omni Center – comprising a shopping mall, office
space and a hotel operated by Hilton. Together with other
nearby properties, we assembled a contiguous 30-acre
prime waterfront site overlooking Biscayne Bay in the heart
of Miami. We are currently developing plans for a mixed-use
development which include hotel, residential, commercial
with retail offerings. The development will occupy the fiveacre site currently occupied by the Miami Herald building,
inclusive of an 800-foot waterfront promenade along
Biscayne Bay"

Summary
Affin Bank ranking 4 out of 8 banks in Malaysia

https://youtu.be/LeA3VKfTTo8

Let use ref price now @ RM 0.73
See who is right or wrong, in 10 days later

really nice to see the game play..
sb says sell now
but sb looks good, says buy now..
i also look bad..

sell as soon possible before perfect storm ahead..

The China Press post is easy to understand

◤瑞信危机◢ 瑞信AT1债券成废纸 AHAM资本2债券遭殃
https://www.chinapress.com.my/?p=3354498

Runn warning sign

Runn

Can sb fuxx me?

It seems dark cloud spread over the sky. Probably lightning & thunderstorms not far away. Be prepared with the shaking storms ahead..

Cold weather here, need blanket in bed..

@RM 1.99, forward PE=7.50
NTA=RM 4.59
Book to NTA=1.99/4.59 = 0.43
value buy.

can buy already RM1.99
Best discount price RM1.99

Definately is in downward collecting mode stage by stage..mayday

It looks like RM 2 is forming a very strong support level. If broken, then probably RM 1.87 is next support level..

Last minute throwing and push down.
Next week the operator wants to trim my/your underwear..

still not runn.. later on your underwear also not left..

better Runn faster or cut loss...

anybody get burn?
lesson learnt: don't invest in bad mgt co

I shall follow wallstreetrookieNew for investment tips

see Syndicate can squeeze Short or not?
if above RM 0.70 for a few days, then most probably Short will surrender..

No worries.
This stock is as hard as a stone, will not move down as your wish

https://9shares.my/8%E5%AE%B6%E9%93%B6%E8%A1%8C%E9%9B%86%E5%9B%A2affin%E6%B4%BE%E6%81%AF%E7%AB%9F%E6%8B%BF%E5%86%A0%E5%86%9B-%E5%85%B4%E4%B8%9A%EF%BC%8C%E9%A9%AC%E9%93%B6%E8%A1%8C%EF%BC%8Ccimb%E8%82%A1%E6%81%AF%E9%AB%98/

5 March 2023 7:54 GMT UPDATED 5 March 2023 7:54 GMT
By Xu Yihe in Houston
As supply gets tight, offshore contractors are trying to reactivate cold-stacked offshore rigs for charter even though the cost is high.

Since 2021, 25 jack-up rigs, three semi-submersibles and nine drillships have been brought back to life at a time when newbuilds are scarce.

A recent report by Westwood Global Energy estimated it could as much as $100 to reactivate a drillship, which would often require a multi-year contract with a dayrate high enough for a suitable return. Also, a drilling contractor might now have to wait as long as 18 months for a reactivation to be completed these days.

Seee when be slaughtered by butchers..

Most probably the operator is speculate this:-

Malaysian floater player pins down strategy for African FPSO
Bumi Armada has rolled out a dual plan to ensure the availability of yard slots for the Cameia-Golfinho conversion work

2 March 2023 23:01 GMT UPDATED 2 March 2023 23:01 GMT
By Xu Yihe and Russell Searancke in Houston and Oslo
Malaysian contractor Bumi Armada has rolled out a contracting strategy to provide a floating production, storage and offloading vessel if it secures the major contract for TotalEnergies’ Cameia-Golfinho project offshore Angola.

Last year, the French energy giant provisionally lined up Bumi Armada to supply the FPSO which will have a production capacity of 100,000 barrels per day and be the first project in the Kwanza basin.

Since then, Bumi Armada and TotalEnergies have been grappling with rising supply chain costs, with the French supermajor determined to only sanction developments that are “resilient” to oil prices under $20 per barrel, have a breakeven cost of less than $30 per barrel and whose emissions are below 19 kilograms per barrel.

cut loss @ RM 3.58

Let see can cross and stay above RM 0.70..it's very impt

Boustead unrealised (will become realised loss) = 12,147,786 shares x (RM 2.26- RM 0.855 = RM 17,067,639.33..cry..

Boustead average buying price @ RM2.26..privatisation price RM 0.8x
poorly managed fund

omg, Boustead unrealised loss becomes realised loss due to privatization.
lesson learnt: don't touch Mxlxy managed company

I topped up @ RM 3.65

this co totally can't buy

QR result is ok
Actually profit is higher than last QR if not counting Deferred Tax which is accounting tax

f transformation journey with the A25 Plan, which runs from 2023 to 2025.

The bank said its next three years will see it focusing on three key strategic objectives as part of A25 Plan namely - unrivalled customer service, digital leadership and responsible banking with impact.

Affin Bank also said it aims to be the most creative financial company in the country.

Bomb letup

Prospect
The Board is optimistics that the Group will remain resilient and able to sustain its market share and positioning despite the challenges ahead in the
global economy. The Group will continue to manage its operating costs and market share by responding swiftly to the fluctuation of supply and demand
chain mechanism especially the elasticity of pricing arising from the freight and raw material costs. Nevertheless, the Group is positive towards the high
demand for low and medium pressure industrial rubber hose that enables the Group to sustain and widen its market base positioning.
Barring of unforseen circumstances and the vibrancy of the global economy sentiment, the Board believes that the Group's future prospects in the
financial year ending 30 September 2023 continues to remain positive especially with the continuation of gradual increase in the momentum of global
demand for industrial rubber hoses.

https://www.theedgemarkets.com/node/656859

No more 2nd chance for you to catch at RM 11.xx. That is the reality.
Normal people NEED to catch every opportunity once it appears and worst thing is most of them happen once in your lifetime..

omg sinking ship..sb pls help..cut loss
outlook uncertainty..

Budget 2023 announcement by Minister of Finance, Anwar Ibrahim is now live.
Learn More
Budget 2023 announcement by Minister of Finance, Anwar Ibrahim is now live.
Learn More

BUSINESS
Budget 2023: RM7bil Kulim Airport project cancelled as airports in Penang & Subang get major upgrade?

By Azanis Shahila Aman
February 24, 2023 @ 5:17pm
The government plans to expand and upgrade Penang International Airport and Subang Airport here to attract more investors, traders and tourists.
The government plans to expand and upgrade Penang International Airport and Subang Airport here to attract more investors, traders and tourists.
KUALA LUMPUR: The government plans to expand and upgrade Penang International Airport and Subang Airport here to attract more investors, traders and tourists.

Prime Minister Datuk Seri Anwar Ibrahim said these plans will be far cheaper than building a new airport in Kulim, Kedah that will cost RM7 billion.


"In order to support and encourage the influx of investors, traders and tourists, the government plans to expand and improve the capacity of Penang International Airport and Subang Airport.

"The expansion proposal that will be led by Malaysia Airports Holdings Bhd is expected to benefit economic growth at a much lower cost than the proposal to build a new airport in Kulim which is estimated at RM7 billion," he said when tabling the revised 2023 Budget 2023 today.

https://www.nst.com.my/business/2023/02/883154/budget-2023-rm7bil-kulim-airport-project-cancelled-airports-penang-subang

All eyes on Budget retable at 3pm today.
If no hike in gambling licence tax, then I think 4.64 is the roooock botttoom price..stay tuned..

"However, the
performance of RW Bimini had been adversely impacted by the COVID-19 restrictions imposed in the
Bahamas during the first half of 2022. This had resulted in significant impairment loss on the carrying value
of RW Bimini during the year."

=====..====..====
I see, it is impairment of Resort World Bimini of RM 293.80 million

Anyone know the details of Rm 304.80 million net impairment loss? I have read through the QR, but nothing is mentioned about that..