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2019-11-11 10:53 | Report Abuse
What happened? Two operators are quarrelling? One buying and one selling?
2019-11-11 09:14 | Report Abuse
It looks like around 90% of the shipper will comply with IMO 2020 low sulphur fuel oil requirement.
https://oilprice.com/Energy/Energy-General/Why-2020-Could-Be-A-Crisis-Year-For-Refiners.html
2019-11-10 21:11 | Report Abuse
This thread so hot, but naysayers get valid points, tomorrow continue watching the movie with popcorns
2019-11-10 19:57 | Report Abuse
Half of the profit came from revaluation of Imago building, NOT real cash. Moreover it needs to repay loan (around RM 300 millions ) instalments, how to pay dividend?
2019-11-10 10:48 | Report Abuse
I also support TTB, Icap Bhd founder. He is intelligence and has brilliant ideas to turnaround our country
2019-11-09 09:39 | Report Abuse
My opinion is that Johnchew31 comments makes sense.
2019-11-08 13:29 | Report Abuse
@ MingGoon, brave one makes money.
2019-11-07 20:25 | Report Abuse
Price suddenly spike up, largely due to Indo implements B30 next year which may create shortage of supply.
Can buy in MKH
2019-11-07 20:22 | Report Abuse
Yes, Calvin is chun chun for Velesto, nice
2019-11-07 19:54 | Report Abuse
@Beginner, if the Sept 2019 quarterly report (will be released this month) is good and with good potential as claimed by Aminvest, then I think no harm to hold the share at that cost, just u may to hold a little bit longer.
But if it is purposely done by the operator to force out the weak holders,then it may be much much QUICKER than u expected.
2019-11-07 19:31 | Report Abuse
Coincidently, the CRASH was after the Aminvest report which boosting the good news couple with the target price RM 1.06
2019-11-07 18:49 | Report Abuse
It looks lIke 1st round uptrend has been completed. But the correction was too severe. It might force out many unstable holders。。。
2019-11-07 06:29 | Report Abuse
'Scomies only need just above rm30 mil to meet bond obligation
It has Rm50 millions cash due from scomi mother'
Don't overlook the loan lent to Scomi mother, it is very difficult to collect back and it is also the major problem faced by this company.
2019-11-06 14:49 | Report Abuse
@MingGoon, from the latest Annual Account (see the pages written with the 30 largest shareholders) of the respective companies.
For Jaya Tiasa Bhd, he had sold partial/all (not sure about this) Jaya Tiasa shares, now he is NOT 30 largest shareholders of the company
New Company that Cold Eye hold is Mui Properties Bhd, also one of the 30 largest shareholders
06/11/2019 2:49 PM
2019-11-06 09:08 | Report Abuse
Worth to read this article
限硫令发酵,致开式脱硫塔走入困境
https://www.cnss.com.cn/html/hygc/20191031/332499.html
2019-11-05 18:01 | Report Abuse
Still not bad, hold at RM 0.93, I.e. the operator is still support the price.
2019-11-05 17:59 | Report Abuse
I'm curious whether the the inventory RM 75,626,000 is saleable or not. If it is outdated reference books, then it needs to written off. That is my worry about this stock
2019-11-05 13:37 | Report Abuse
Old news, Maybulk already has done impairment in the financial accounts few years back for investment in POSH. Last year Dec 2018 had disposed all the POSH's shares to its (Maybulk) shareholders.
2019-11-04 06:58 | Report Abuse
If Epf is selling and then buy back later on, why don't you wait to buy in when Epf starts to buy in, instead of buying while Epf is selling.
The logic is simple, I, as a normal person only have limited resources, so only buy in when the price is certain, I.e a situation when you don't have to wait for a long time for u to generate profit, this price may not be the lowest, but it is safe that u may generate profit easily.
Of course, the lower the better.
At the moment (in my honest opinion), there is no indication that the price is starting to move upwards. The increase in volume done is the selling force, I.e it is selling mode.
EPF is not the operator in this counter. So far the operator in this counter is nowhere to be seen. When there is a operator, any selling force (e.g by EPF)will be fully absorbed and price will not force down easily.
I am just sharing my thought to minimize the trading risk, however I may be wrong anyway. Who knows the operator might come in today :)
2019-11-03 14:25 | Report Abuse
I only start to accumulate below RM 2. EPF is continuously dumping, so it has great possibility that the price will lost RM 2 support very soon
2019-11-02 17:06 | Report Abuse
Any positive points for this counter?
2019-11-02 11:48 | Report Abuse
My opinion is that the share price can't fall below RM1.50 (i.e cash per share), unless panic selling cause by certain bad news.
So the price from RM1.50-RM 2.01 (current price) is a value buy.
Your job is to figure out the bottom..
I think many long-term investors already standby to eye on this counter long time already.
Standby you spare fund.
My view is that the co may declare bonus shares due to huge retained earning.
2019-11-01 16:14 | Report Abuse
•We maintain our BUY recommendation on Salutica with a higher fair value of RM1.06/share (previously RM0.61/share) pegged to a rolled-forward FY21F PE of 14x. We have increased our FY20F–FY22F earnings forecasts by 20-28% to account for higher order forecasts from Customer A after visiting the group’s Ipoh plant recently.
https://klse.i3investor.com/servlets/ptres/52779.jsp
It look likes the Salutica's mgt invited AmInvest investment officers to visit it group's Ipoh plant ...
2019-11-01 08:27 | Report Abuse
近期,有迹象表明俄罗斯、哈萨克斯坦、吉尔吉斯斯坦、白俄罗斯以及亚美尼亚可能不会遵守即将在64天内生效的全球限硫令.近几个月,Splash也有报道,有流言称印度和印度尼西亚也在考虑推迟执行IMO2020限硫令。
https://www.cnss.com.cn/html/hygc/20191031/332471.html
These few countries may defer to comply with the implementation date of IMO 2020 low sulphur fuel oil requirement
2019-10-31 19:57 | Report Abuse
But Cold Eye bought Jaya Tiasa Bhd shares have gone into the drain, he incurred huge loss from buying Jaya Tiasa Bhd shares. Now, he is NOT one of the 30 largest shareholders.
All in all, believe yourself and do u own due diligent study before buying.
2019-10-30 20:52 | Report Abuse
@sammj, your sentence is really amusing. Can't wait to see Calvin first post at 12am 1 second..
2019-10-30 14:18 | Report Abuse
Buy in some shares today, hopefully to make some gain...
2019-10-30 11:09 | Report Abuse
I also think the same way as @Mabel, buy in and follow @ Mabel
2019-10-29 21:51 | Report Abuse
Yes, steadily moving upwards. Can buy in
2019-10-29 08:55 | Report Abuse
https://www.cnss.com.cn/html/hyrd/20191024/332290.html
All these uncertainties may bring to higher BDI.
2019-10-29 08:46 | Report Abuse
https://www.cnss.com.cn/html/hygc/20191028/332390.html
China is going to strictly implement IMO 2020 rule.
2019-10-27 20:22 | Report Abuse
Sept 2019 quarterly report is crucial determining factor in deciding the future pricing direction..
2019-10-27 19:00 | Report Abuse
Yes, I agree RM 1.50 is a dirt cheap price, start accumulation at this point and down unless fundamental of the co change.
Hint: share buy back point
2019-10-27 15:12 | Report Abuse
Hi, noob here, may I know whether Armada's FPSO have their oil drilling capabilities or not? I was wondering whether Armada's FPSO can produce their own crude oil or not without the help of other immovable individual drilling platform. Googled just now, but still confused..hoping someone can answer, tq
2019-10-27 12:48 | Report Abuse
Bdi =1801
Look like Bdi already stable at the range between 1700 to 2000 since it rose from 550.
Can buy in some.
2019-10-27 09:29 | Report Abuse
Need to figure out the bottom and then buy in.
Crucial point, where is the bottom?
2019-10-26 11:27 | Report Abuse
It (shares move from Yayasan to ASB) got some logic because ASB needs to pay huge dividends. If Velesto can pay dividend/capital appreciation, then ASB can solve its cash flow problem.
2019-10-26 09:10 | Report Abuse
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)
2019-10-26 08:48 | Report Abuse
Vitrox and Unisem quarterly result go into the drain, but these are tech stock. If Salute is also tech stock, then need to beware...but different stocks have different fundamentals..
2019-10-25 05:56 | Report Abuse
Yes, can buy at RM 1.50, very low risk already.
2019-10-24 14:55 | Report Abuse
I see, Cold Eye and Tan Teng Boo (Icapital Bhd founder), two big sifus also invest in Salute.
Icapital Bhd average cost is around RM 1.30, cold Eye may be far far lower, may be RM 0.60..
Look like Salute is suitable for long-term
2019-10-24 11:34 | Report Abuse
at least the following report gives us a hint.
https://oilprice.com/Energy/Oil-Prices/Russia-Predicts-The-Death-Of-US-Shale.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1571777213&_p_c
'U.S. shale production growth is slowing down, and America’s shale output will likely peak in the next few years, Russia’s Energy Minister Alexander Novak said on Tuesday'.
2019-10-24 11:10 | Report Abuse
Hold for one year or more. The time US shale oil depleted, it is the time for Hibiscus.
Stock: [SALUTE]: SALUTICA BERHAD
2019-11-11 11:27 | Report Abuse
If QR not good, my take is that this stock will loss strength, probably loss IPO price (RM0.80) support, this is what the company mgt not like to see about it.