What happens if its Q3 EPS is RM 0.002 or less? I think its Q4 EPS should be around RM 0.015

Are JCY International Bhd, Dufu Tech Group Bhd & Notion Vtec Bhd competitors and doing the same business of precision metal stamping? Why JCY is a loss making business concern despite its dominant position whereas the other two are profitable? Should JCY be more profitable in profit margin as it has economy of scale? Anything wrong with JCY?

https://www.theedgemarkets.com/article/fgv-dispose-its-unit-china-rm100m It seems that FGV bought this Chinese for RMB 320 million 2 years ago but it is selling at RMB 165 million. Is this true as it wasn't stated in their announcement on disposal?

The profit at Sime Plantation is pathetic if compare to KLK, IOI, United Plantations, Genting Plantations etc. Based on profit per hectare managed or owned, then one can see the difference in profitability. We can discuss until the cows come home then the sun would still rise the next day. The other companies as commercial entities as the majority shareholders are responsible to themselves, other stakeholders like banks etc whereas GLC entities are run differently.

It is challenging for the oil palm industry as there is an oversupply situation which may get worse as more maturing plantations come on stream in Indonesia, Africa, South America etc. Owing to the unemployment situation in Malaysia where low quality graduates are churned out with low English proficiency, FGV is absorbing these anak Felda thus increasing is staff costs. If the price of CPO is at a high level where profit margins are more than 40% of its selling price then everything is OK. However the current situation is low selling price of CPO coupled with extra ordinary high staff costs and other incidental costs (due to pilferage etc). The only way out is to improve its bottom line through higher margin downstream integration which is easier said than done. Dato Azhar is a qualified accountant and he is aware of this grave situation. Honestly I think it is a Herculean task for his team to have rub on those vested interests or sharks. In any business, cost control is of paramount importance to have viable profitable businesses. This is the golden rule.


https://www.thestar.com.my/business/business-news/2019/06/29/between-fgv-and-felda--who-needs-who-more/

"treat way"---what is this?

Based on its Annual Report, it has unbilled orders of RM 41 million as at Dec 31, 2018. What is the implication on its future profits? Sometimes profits and stock prices are not synchronized.

Any target price from IBs? TQ

This counter is definitely overpriced as its profits are nothing to shout about especially after taking into consideration its extra large plantation holdings (similar to FGV Holdings Bhd). Those family managed plantation companies with small land holdings are generating higher profits in absolute terms. The PH government has to do soul searching to get to the bottom of the issue. There must be political will to revamp otherwise another MAS is in the making.

https://www.theedgemarkets.com/article/supermaxs-stanley-thai-gets-fiveyear-jail-term-and-rm5m-fine-insider-trading Why Stanley Thai gets 5 years and this guy got no imprisonment sentence? Is it part of preferential treatment? In USA, EU countries, HK, Singapore etc those that are involved in insider trading were meted out with custodial terms.

It would hit RM 0.60 if its next QR is positive with at least EPS of RM 0.006 or 0.6 sen I'm not sure whether it would churn out another 1.48 sen EPS for the next Q My view is similar to what is written by this writer (https://klse.i3investor.com/blogs/Roger1001/199503.jsp)

https://www.youtube.com/watch?v=aUC6lsLr04I This old manufacturing is the major cause of middle income trap. The sooner this industry is "dead", it would be better for everyone. Even the US big autos are in trouble again. Hopefully the fate of big and small autos in China would be the same. Oil drilling is also an old technology that should be "dead" the sooner the better.

https://www.youtube.com/watch?v=KVm74yE0aUE Hopefully this technology disruption would happen soonest so that oil producers become beggars especially parasites like S Arabia and other M East nations. OPEC could not hold the industrialized and civilized world ransom anymore. I believe burning fossil fuels has nothing to do with global warming but the pollutants emitted are cancer causing. More important with less car ownership, auto manufacturing would be a sunset industry including Geely etc. We need more innovation from technology disrupters like Apple, Qualcomm, NVidia, TSMC, Samsung etc to make this world a better one.

It would hit RM 0.60 if its next QR is positive with at least EPS of RM 0.006

http://nexttrade.blogspot.com/2019/02/ifcamsc-earnings-soared.html#!/2019/02/ifcamsc-earnings-soared.html Is it overbought now?

Winningpost Why so confident TP is 0.68 and not 0.7? TQ

This illustration showed there is no meritocracy emphasized. Is this similar to Malaysian policies since 1970s? Worst of all, there is no meritocracy in our education system. Even African nations have meritocracy.

Malaysia Airlines Bhd is not a market orientated airline. It is part of the long entrenched GLCs that are bleeding all along. But never mind as long as oil can command USD 50 per barrel minimum. the sooner it is closed, the better for Malaysia. Even foreign CEOs couldn't do much as it is run along a Malaysia model.


"An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer.



The professor then said, "OK, we will have an experiment in this class on Obama's plan".. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).


After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.


The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.


As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.


To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will tr​​y or want to succeed. Could not be any simpler than that. (Please pass this on) These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:


1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.


2. What one person receives without working for, another person must work for without receiving.


3. The government cannot give to anybody anything that the government does not first take from somebody else.


4. You cannot multiply wealth by dividing it!


5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.


New Economic Policy, Ketuanan Melayu, BRIM, religion and politics are not separate and corruption will kill our nation and turn it into a FAILED STATE. "


Low-cost carrier AirAsia Group Bhd stands to benefit from greater market dominance if the government decides to do away with national carrier Malaysia Airlines Bhd, according to Hong Leong IB Research (HLIB Research).

Boeing Company should acknowledge there is most likely a design flaw with this model. Singapore would not have suspended these flights if its administration has no clue whatsoever. What was happening in Indonesia and Ethiopia clearly showed the pilots could not do anything except to have shut down the computer. Unfortunately the pilots were not advised to do so prior to these disasters. Hopefully Boeing Company would be sued for massive compensation for its badly designed planes.

Mr Richman: they should get the best regardless of race to run FGV. It is too early to dream now.

As I said, current yield of 20 mt should be increased to 23 mt/ha/annum otherwise in trouble. Jangan mimpi please. Let me know any GLC related plantation company has achieved that? Cakap kosong even with all the crap talk of KPI. China would buy more CPO for its 1.4 billion from Malaysia but would we think China would pay a premium ? The current situation is over stock of more than 2 million tonnes in Malaysia alone. Stocks in Indonesia?

Ring: That means to achieve yield of 23 MT or more per hectare, merit based system or evaluation is the only way forward for FGV to catch up with all other plantation giants. Failing to do so FGV will be a laggard regardless of their large landbank.

Palm Upstream Cluster is FGV’s largest revenue earner and forms the core of the company. With a total land bank of more than 450,000 hectares, Palm Upstream is responsible for FGV’s status as the world’s largest CPO producer which produces more than three million tonnes of CPO annually.

In Malaysia United Plantations Bhd´s total landbanks consist of approximately 40,855 hectares. The main focus is cultivation of oil palms (90%) and coconuts (10%). In Malaysia, United Plantations Berhad operates 6 Palm Oil Mills and the Unitata refinery, a subsidiary that has been cooperating for a number of years with AarhusKarlshamn AB; a leader in the global speciality fats sector.

With the acquisition of two Indonesian plantation companies in 2006 and 2009, the total planted hectarage in Indonesia at present is approximately 10,000 hectares. A new "State of the Art" 60 mt per hour mill was commissioned at July 2010 on Lada Estate, Kalimantan.

So United Plantations Bhd has about 51,000 hectares which is about 11 % of FGV hectarage. But in 2017 United Plantations Bhd's profit was RM 385 million but that of FGV was a miserable RM !44 million. Why a larger landbank plantation company was making less than a smaller company? Leakage, corruption or inefficiency or all the above plus other unseen factors:

China would prefer soybean to crush oil in China whereas China has to import CPO but not FFB. Employment for the Chinese is key to the survival of the communist regime. Employment is its legitimacy to rule China. USA isn't the sole supplier of soybean to China.

https://dinmerican.wordpress.com/2017/11/04/felda-global-ventures-is-bigger-scandal-than-1mdb-says-jomo/

Media Council is to be formed. At RM 1.10 or so, many large investors are interested in this company. MCA must be decoupled with this media company for a better and more progressive Malaysia.

One of the reforms to be adopted swiftly of the current government is to decouple political parties and media companies. Then what would happen to this MCA controlled media outfit? If this is true, the policy of the born again Malaysia is commendable..

Do you know that some of the non-ED of the Star Media Grp are provided with a car. But some people are picking up on the CEO but oblivious to the prevailing depressed economic scenario. Look at what happened at another media group Chinese Media International Bhd's depressed share price trailing all the index.

Real nut is someone else. What isn't politics. Is introduction of GST politics? No evidence on 1MDB scandal? Then why MO1 mentioned by US DOJ? A person that chooses to be oblivious of the real feelings at the ground. Maybe an interested party to all these deeds that are causing widespread hardship. My point is GST is the main cause of the current hardship faced by the rakyat but some idiots like our cabinet members are living with denial syndrome.

It seems some people are still oblivious to the rampant corruption in this country. Some people are made to believe the various programs of the current government are so good that these programs reign more supreme to the the 1MDB scandal. Worst still some people are made to believe the money of about USD 680,000,000 deposited into an individual account of a someone is a donation. I have nothing to say about this "donation" but I am afraid I have to add my definition of the word "IDIOT" as one who chooses to believe USD 680,000,000 is a donation. Full stop.

bobo....... is certainly oblivious to the actual real feelings of the small petty traders. He is relying on the cooked up statistics of JPM. Don't listen to me as to bobo..... this is spewed by opposition as propaganda. Look around us and see for ourselves the number of retail shops and eateries that closed down since the introduction of GST. To put the blame on the CEO of the company isn't fair as monopolies like terrestrial broadcaster TV3 (suku) also is bleeding. Sole reason is declining advertising expenditure. Full stop.

What propaganda. Corruption is corruption. Full stop.

You are great bobo..........You are even more knowledgeable than DOJ of USA. Denial syndrome of the highest degree. DOJ even mentioned MO1. If NR isn't MO1, then you are the greatest MO1. It seems you condone corruption. Then there is nothing to discuss further.

To be fair, you can't put the blame on the current CEO. It's the deterioration of our economy which is caused by rampant corruption of the scUMNO and BN. Worst still the economic situation became more challenging with the introduction of GST resulting in a sharp decline in advertising expenditure for most businesses. The major shareholders MCA and its leadership are oblivious of the real world we are in. For their own personal interests, these MCA leaders continue to support the most corrupted leader in the world. The destruction of MCA investments amounting to at least RM 500 million as the market capitalization of Star Media Group Berhad plunge to <RM 800 million from >RM 2,200 million.

What is the special entitlement of shareholders since IPO? I think my architect friend didn't get it. Is it true that anyone that has 10K shares in AAX and has attended the AGM is entitled to a free ticket? TQ

To lease 350,000 hectares of plantation land from FELDA at MYR 250,000,000 a year is equivalent to MYR 300 per acre a year. It is cheap and yet FGV can't make much money. If this 350,000 hectares land is managed by IOI, KLK, United Plantations Bhd etc, the profits churned out would be much higher. Why? Pilferage along the chain should be the answer. That is scUMNO BN fleece on FELDA settlers since inception of FELDA.

After disposing 100% of AAC, there is a capital gain that may be distributed as special dividends. Subsequent to this is its effect on the bottom line going forward.

Hippo would consume 100 pounds of food a day. Good appetite. Malaysian hippo would consume 200 pounds of food.

What is wrong with pro PH? scUMNO is rotten to the core? Hippo is a kleptomaniac.

Other than 10,000 shares, what other conditions? I was told there is a minimum holding period to have this voucher other than attending the AGM. Some say you need to be shareholders from IPO in 2013 etc.

Anyone knows about AAX offer of travel vouchers for shareholders that attend its AGM? TQ

https://in.reuters.com/article/palmoil-outlook-fry/palm-oil-prices-to-hit-2600-rgt-t-before-falling-to-2300-rgt-analyst-fry-idINL4N1QO34D

https://in.reuters.com/article/palmoil-outlook-fry/palm-oil-prices-to-hit-2600-rgt-t-before-falling-to-2300-rgt-analyst-fry-idINL4N1QO34D Target price is MYR 2,300 per tonne by July 2018. I am not sure the livelihood of Felda settlers would be affected as their land is leased to FGV but the profitability of planters like FGV would definitely be affected.

TA Indicators showed oversold. Need confirmation entry signal tmr or later.

Zhejiang Geely Holdings Group that inked a definitive agreement under which it acquired a 49.9% stake in Malaysia’s national car manufacturer for RM460.3 million – a peanut amount indeed – is facing growing pains at Proton.

Sources revealed the Chinese automaker is now feeling the difficulties of being a minority partner – since the 49.9% does not make it a majority partner – in the Malaysian company.

The source told TISG Geely is on the brink of rescinding on the deal if it does not gets its way in running the affairs at Proton, a company that has the reputation of ‘offending’ its foreign counterparts.

Crony Capitalism

The source said Geely is now facing the full brunt of crony capitalism – not that it is not a crony corporation from China – but the Proton’s edition of crony capitalism is deeply entrenched.



To the point that the Chinese corporate leaders are having a nightmarish time decoding and understanding the way Proton functions.

Given the fact that Geely is practically giving away its Boyue sports utility vehicle (SUV) platform to Proton for a meager RM290 million, it is apparent that it will not have full control of the operations.

Vamos Geely or Kaput

Most analysts say Geely will need two years to see a Proton turn around, this if things go well after it acquires the brand.

And things are not going well to the point that the government of PM Najib Razak allegedly ordered Proton to stifle the matter before it goes public.

It is said Geely is facing the same issues that Volkswagen, the troubled German brand experienced at Proton.

Volkswagen did make a pass at Proton in the past, attempting to acquire a majority stake in the local company, but the bid failed after the Germans discovered how crony capitalism works.

It apparently offended the Germans so badly that they pulled out of talks and moved away from the Proton car maker in a subtle manner.

Reportedly, the culture of having tea at 10 am in the morning, lunch at 12.30 which is then followed by prayer times for the workforce and a check-out time that is no better than the bloated civil service workforce in Malaysia, forced the Germans to call it ‘Kaput’.

Those incidents took place at a time when Tun Mahathir Mohamad – the genius behind the brand – was on a long leave of absence, attempting to end the wars in Gaza and criminalising wars across the globe.

Mahathir then returned to Proton for a brief period, getting it moving again, but since the elderly statesman became an opponent to Najib, it appeared that Proton’s fate also took a dip.

And this is how crony capitalism can be contagious.

Anyway, AirAsia is a great company that survived without state sponsorship financially. I hope its model of high gearing can survive against all odds with positive cash flow for the years to come. This is the from the bottom of my heart. Having said that, it doesn't mean I should be a loyal AirAsia shareholder throughout.

PRChina should be the last country or one of the last to call for globalization. Some countries dun practise what they preach. The most globalized countries to me are HK of PRC, Singapore, Switzerland, those Scandinavian nations etc. The others only cakap saja.

I have not been to spore for the last 4 trs because of weak RM. Also very malu to visit as a Malaysian. Let's analyse this piece. Not only comparing Malaysia and Spore but also Indonesia which has a much larger land mass.

http://www.malaysiaitfair.com.my/v2/index.php/myrepublic-will-be-offering-100mbps-internet-for-just-rm60-a-month/

No. I dun mean that. I mean the Han Chinese are hard nuts to crack. They would compete to protect what they are having. Worse still the regulations permit Airasia to have only 25% stake, way below what is permitted in other countries that AirAsia is in now.

Do you think the Han Chinese in Zhengzhou will surrender to AirAsia which survived well because its main competitor is MAS. Or you think it can compete effectively with SIA if RM is a lousy currency. I mean RM is highly devalued against S$.