can someone explain what is the whole point of cooking serba? Karim bought so PP in 2020, and more on the 2nd PP in 2020. I can understand why he pump up KPower and SCIB, then issue bonus and warrant to further push the price, then he cash out via warrant to buy the PP in Serba.

The goal of cooking the books is to enrich yourself, but somehow he bought the PP and then after that he went and bought even more in the open market, pushing the price from 1.60 to 2.00, I think around jan to march 2021 if I am not mistaken. He already knew KPMG was hot on the trail, yet he bought even more.

weird. what is his reason for doing this?

Here is a photo of karim eating ikan bilis
https://ibb.co/mXWWTVF

@8899EL8899

Got pro and con lah. IT world... very competitive and low entry barrier. Some startup with angel funding and good ideas can easily replaces you, look at TikTok, or remember ICQ? MSN Messenger? Friendster? MySpace? Yahoo.

Exon, Shell, GE are still here.

High risk high rewards, some prefer low risk low reward.

Today's TheEdge
EY's findings are the same as KPMG,
there are frauds.
Fake invoice, fake accounts, fake companies, fake projects, fake people, fake profit, fake revenue....

GG to those that averaged down and believed in Karim.

https://ibb.co/6r4zGRV

Today's TheEdge
EY's findings are the same as KPMG,
there are frauds.
Fake invoice, fake accounts, fake companies, fake projects, fake people, fake profit, fake revenue....

GG to those that averaged down and believed in Karim.

https://ibb.co/6r4zGRV

nah, look at careplus and rubberex latest qr report. glove asp really gg

From the QR report:

"Prospects remain good and barring unforeseen circumstances, the Board expects to achieve profit growth for the financial year ending 31 March 2022."

Next qr will be better.

Probably a knee jerk reaction.

However, a quick glance of the energy infrastructure and technology company across its top 30 shareholders does not appear to show any Shariah-based fund holdings, hence impact of this inclusion is likely to be muted, according to PublicInvest Research.

https://focusmalaysia.my/will-exclusion-from-shariah-compliant-list-be-detrimental-for-yinson/

PNB still holds quite a big chuck, will take time. There is not problem with Yinson. For long term, buy and hold. Who knows, one day they will get back their shariah status and fly again.

losing their shariah status by the end of this month.

not much mention of glove biz in qr report, your guess is as good as mine.... they gg themselves. now talk about tech and ev.... walao, become fintech liao? jump here jump there...

@InterFund®

Hmm.... I thought ATA is an Indian company? Balachandran Govindasamy
If you have problem with chinese co, I have bad news for you, majority of bursa co are chinese owned. Maybe you can try invest in USA or Indonesia

@jonathanhui

You kept sharing the same thing,
who doesn't know the director bought 300K shares?
how much you invested in ATA?

Dyson move to SKP and VS

how was their glove business? bad?

@HosehLim80

Once a major holder has less than 5%, they do not need to report to Bursa on their buy and sell. Knowing EPF, it is more than likely it is already 0% months ago.

@HosehLim80

Answer is right here in i3,

EMPLOYEES PROVIDENT FUND BOARD 03-Feb-2021 Notice of Person Ceasing

https://klse.i3investor.com/servlets/stk/annchsh/8176.jsp

@HosehLim80

EPF already dump all and ceased to be a shareholder months ago, go check i3 for the history.

i-serve was a ponzi scheme, money game, pyramid, scam whatever.

https://www.theedgemarkets.com/article/bnm-raids-iserve-online-mall-seizes-rm1187m-and-freezes-bank-accounts

I warned my friend about this in 2018, but he brush me off, saying Dato Alan Goh is legit.

Now, die loh.

@geary

You think TG can go up 350% again?
You want us to find another company? How about PMetal, Public Bank, Maybank, QL, Pentamaster, Greatec....

That ex-KLK guy put in his own RM20m money into the partnership. Skin in the game. That ex-KLK guy is not some manager or employee in this venture, it is a partnership. If I am going to put 20m into something, I better make sure I know what I am doing and I will make sure it will be successful.

@newbie8080

MFCB did not came in blindly. Did you not watch the AGM video? They only enter because the ex-KLK MD or team with 20 years experience running KLK Oleo partner with them. It is a partnership with someone very experience in that industry. MFCB has 0 knowledge, but the other team / company has knowledge, MFCB offers cash and back up the debt.

MFCB already said they would not have entered this deal if it wasn't for the ex-klk guy.

Anyone knows how many % of AirAsia ticket sales are direct from their own websites vs from ticket agents? Thanks.

FPI result ok, tomorrow is SKP. If SKP also ok, VS also ok. then something is really wrong with ATA. If SKP results also ok, then ATA will sink.

Yinson and Rubberex at risk of being non-shariah compliant
https://focusmalaysia.my/yinson-and-rubberex-at-risk-of-being-non-shariah-compliant/

Shariah compliant funds are exiting Yinson before end of Nov, thus the selling pressure. Fundamentally Yinson is ok. Hopefully they can win 1 or 2 more FPSO projects that does not require huge capital or no capital at all.

At least SKP dont have huge rents to pay or debt to repay. Thus they can be more flexible. If you have debt and rent to pay and cannot run at max capacity, then your profit will greatly be effected. I think SKP should be doing OK. Not expecting new high.

Just wait for QR, even VS dont have such bad QR like ATA. We'll know soon. Good luck.

So much BS from InvestorKING. You think retailers can push the price up? The minute the price goes up by alot, fund will want to take this opportunity to exit.

https://www.theedgemarkets.com/article/nomura-raises-target-price-yinson-rm840


Nomura said according to management, Yinson is considering four more FPSO projects in the medium term (next two years):
- Pecan by Aker Energy in Ghana (may be awarded in 2022)
- Block 31 by BP in Angola (likely to be awarded in 2022)
- Cameia by Total in Angola (likely in 2023), and
- Maka by Total in Suriname (likely in 2022).

wah... Serba got delivery app, ecommerce website, got IT security, got AI, got space, got O&G, got construction, got education, got so many thing.

walao eh. AI wor... Elon Musk scared liao, Serba gonna be biggest company in the planet soon.

Target Price

Maybank RM10.90
CIMB RM9.25
UOB RM7.30
Nomura RM7.00

CIMB vs Yinson

When many people are about to give up a good company, I know it is time to buy.

Can someone explain to me why MFCB has such a low PE? Seems like investors are not very keen in MFCB, any reason? Too high risk?

PP? why PP? They have no cashflow or debt problem.

I understand they are somewhat like PChem, but smaller and doing less stuff. If PChem can make good profit with high oil price, why can't LCTitian? What's the reason? I am new to this O&G, I need to understand, hope someone can explain to me. Thanks.

a very weird O&G counter that doesn't rally when the entire O&G Bursa rallies. Even Serba went up. Something not right.... I smell a fish.

@Lightofheaven

And yet people rather pay RM15-RM20 for a cup of coffee in Strabucks. Why?

I tell you why, and if the CEO and retail CEO from myNEWS reading this, this is because the myNEWS brand name sucks. Outdated, cold, cheap, poor services, lousy food, etc.

Like what Chovio said in his article, myNEWS should rebrand all myNEWS to MaruCafe and offer Malaysian food at good price. CU for Korean and Maru for Malaysian.

RM2 Nasi Lemak, RM2 Coffee or Tea. Go head to head with the mamak store. Kuih and malaysian delights ready to eat at an affordable price. ditch trying to be Japanese when myNEWS is not. myNEWS is Malaysian and should act like one.

every year he says the same thing, crash happening soon, buy gold... and buy his book.

what is new?

@Gley

That is because their cash and short term investment amounted to RM14.3m, and their debt is RM74.4m. It cost them RM400K to open each new CU outlet, and if they plan to open more, they will need more money as they are still losing money operating existing myNEWS outlet and their kitchen is also losing money due to wastage and etc.

I think it is a matter of time, not if but when.

If you read the AGM transcript, they too says they dont discount the fact they might do a PP or RI in the future but currently no plans as they have access to bank credit line.

It all goes down to execution. Every new CU will take time to recoup the investment, and if myNEWS is bleeding money, that is double trouble.

Therefore I am somewhat disappointed. The right move is to close down as many myNEWS and convert good myNEWS location to CU. Do it gradually, but they refuses to let the myNEWS brand name dies.

I'll did kill it asap. that brand name is useless. sorry to say this. If Dang or any of the board read this, you know what I am saying is the truth. 腾龙换鸟

Very disappointed with the AGM. They still plan to open myNEWS store? and go into grocery+mini convenient store in myNEWS Supervalue?

They should focus on CU and close down as many myNEWS or convert existing myNEWS to CU. Once this is done, they can venture into grocery.

Look at Supervalue. Aircond, close glass door, big tiles, bright lighting, got mini maru cafe... wtf man. it is going to flop. not exactly premium, not exactly cheap, not enough choices, too many choices for a minimart. wtf and wtf. It is like a hybrid car, not here not there.

they really have sentimental value for the myNEWS brand. Is it so hard to let go? I am willing to bet they will continue to report losses for the whole 2022 and will be forced to do PP or RI.

They cannot accept MaruCafe and myNEWS is not working. if there is a FamilyMart besides myNEWS, nobody will go to myNEWS Maru Cafe and buy an Ice Cream..... nobody. They cannot accept this is a reality and now want to do Supervalue store with mini maru cafe in it? Food wastage will go thru the roof.

hopeless.

every country got RSS lah, in USA, individual can even short any stock, i dont see how it is damaging to their stock market.

Never fall in love with a stock, because the stock have no feelings and doesn't love you.

@colin888

Declare 5 sen div? Wtf you think? They have print money out of thin air? go read the qr, how to giv div when they almost dont have any?

money go build glove factory already lah, what div? everybody knows they sold dinners club and expecting this huge profit.

Dialog is a good company, but at this moment I will not touch. They are already about to be kicked out of KLCI30.

@Richard Lee

The said they open a factory in Mexico to market their products for the North America region, not South America. Which is why I did a simple research and found nothing on Amazon or Walmart, not even in Google Search, including Mexico.

This is a very tough market, Nestle and all the big brands have a brand name and people normally dont switch. Not to mention baby formula milk? nobody is going to buy that, and if want to buy cheap one, even nestle produce cheap baby milk formula, thus, how in the world is Able going to compete?

SKP not even a tech stock. I still dont know why people associate it with tech.