The quality of assets sought by Hibiscus in the region are those that can triple or quadruple its current production rate.

Repsol acquisition will bring in Rm558m Ebitda
212.5m USD purchase price sounds like a great deal

FELDA so eager to privatize
Those who return to them at 1.30 feel shortchanged by FELDA

3 different governments in less than a 4 year period.
With only one election.
How will foreigners perceive our dear country.

We need more ppl like whistleblower99
To warn the investing community of these crooked companies
Keep up the good work
Bursa has lost its way
More concerned with its bottomline
Than dealing with actual issues plaguing the market

The blame lies with Bursa for allowing RSS to take over the Malaysian market. Harta made almost 3b in profit this quarter, while Bursa only made 88m. Yet Harta’s market cap only 4x that of Bursa. Do you see a problem here?

Bursa is just like a bookie. If enough people place bets, they make a profit no matter what. All they need is liquidity, and marketing to get suckers interested.

https://www.advfn.com/Help/a-background-to-the-market-and-market-ma-71.html

More than 200k active cases locally
And Harta >3b profit
This is the problem having market makers
Yes they provide liquidity
But at the expense of pulling down the ship
Not that it matters to Bursa
Since it is a profit making entity

Retailers powerless against market makers
Need Harta’s management to execute share buybacks
And announce bumper dividend to hurt the shorts

Of course JP lowers TG target price.
What else you expect when market makers are allowed to short.

A fund manager from Fidelity mentioned he avoids Malaysia equities.
Due to majority having poor corporate governance and often interference from government heads.
FGV is the most glaring example. 4.45 IPO price, and Malaysian government in private forgiving settlers debts. Robbing Peter to pay Paul.

It is unfair that Bursa allows RSS for some
Especially market makers, and not for others
The end result is market makers cannibalizing retail investors.

Market maker collect while others are selling

If Serba manages to announce a dividend higher than the EPF return. There might still be takers. Doesn't matter if its a black cat or white cat as long as it catches mice.

Whales usually utilize margin
So the longer price remains depressed
The more interest they pay to the bank

Which whale bought into GOB recently.
The price movement is very irregular.

Very very very bad.
Audit firm peers should show some solidarity and rally around KPMG. Just because a bunch of major shareholders want to avoid margin calls.


1. new chairman start so arrogantly claiming he knew everything already. This reconfirmed my suspicions that the new donkey chairman is actually a non-independent claiming to be independent, put into the independent board to hinder the due process.

2. a crook lawyer is appointed to defend sebak. It is like telling the whole world that sebak is a crook.

3. nothing about the accounting has been addressed at all.

4. they CANCEL the EY appointment !!

All this time I thought share buyback must be unconditional. Why is Bursa so lenient to FGV in regards to rectifying their public shareholding spread.
Policy just for show?

Naysayers comment like they can do a better job than current CEO when actually most won’t even last a month in the job let alone a year. Transformation will take time.
Trust the CEO to do his job. Many Malaysians have this negative mindset, which is a very bad personality trait.

Haha Gtrade.
You just became one of my favorite on i3,
Bcos of your Maybank robber story.
No doubt after all investigations concluded,
Wrong doers should be convicted if any.

Yes until today public shareholding spread not rectified
One rule for FGV another rule for others?
If major shareholder is sincere just increase it to a better offer like IJM plantation.

Nobody likes to see a bloodbath.
Not banks, not our institutional and pension funds, not retailers, unit trust companies and other stakeholders. Lets just all hope a swift resolution will be forthcoming. Amen.

Nobody knows how high or low a stock price will be.
But at least making steps to improving corporate governance. Thats progress.

If thats the case Tune Live would have to come up with a billion ringgit. They are more likely to seek external funding first. Rights issue will be the ultimate last resort.

US airline stocks performing so well this year

Cimb n Maybank market making Dpharma
By placing sell q blocks

Serba dinamik in name.
But being run like chop shop or used car operation.
Deny here deny there.
And pre-judging independent review by requesting to sack KPMG.

The large sell q at 3.30 onwards are done by market makers

These market makers manipulate the q to make it seem that there are more sellers. And scare off weak retailers into selling.
When their own bids are fulfilled, they release the sell q and let the price run up. And then dispose.

I don’t get market makers sometimes.
Why suppress the price at 3.30 w a large sell q.
Market makers shld know that if the price rises higher the value of their holdings is worth more.

Serba’s accounting scandal,
Paint Malaysia’s corporate governance in bad light.
Reminds me of Transmile back in 2007.

The sign of a good auditor is someone who disagrees and challenges you. Not someone who plays ball w its paymaster.
Their duty of care is to the public.
Just like when Apandi tried to fool the public in clearing a certain prominent individual from wrongdoing. More keen on saving his own skin than actually doing his job.

In Singapore, any exit offer must be both fair and reasonable.
In Malaysia, an offer that is “not fair but reasonable” can come with an “accept” advice by the independent advisers and is open for shareholders’ acceptance.

A delisting proposal is deemed “not fair” if the offer price is lower than the revalued net asset value per share or fair value estimated by the independent adviser. It is deemed “reasonable” if it provides an exit opportunity for shareholders to realise their investment, after taking into consideration the historical market price and historical trading liquidity of the shares.

snake_eye if u know who is Foxconn and what bisness they are doing and what capability Dnex(silterra) has, u will sell all your asset and buy this counter and wait for 2-3 years...

Yes. Trump had to plead Foxconn to build factory in Wisconsin, Usa.
If Foxconn takes up placement, DS Zainal Abidin would not have to worry about Silterra. Always better to have a strategic partner who can add value to the company than a non-strategic one.

Having Foxconn on board can help lower Silterra’s R&D, increase speed of technology transfer and turnover, achieve economies of scale and network opportunities. Organic growth is increasingly difficult these days. Need to also explore M&A opportunites.
This was how Singapore was able to develop its technology sector so rapidly through foreign partnerships with world leading companies.

Surge in volume yesterday is not mostly by retailer
More likely certain institution

An offer to take a stake in Dnex shd not b a problem for a company w 3.5b usd net profit last year. Dnex board should really consider the proposal and synergistic benefits of having a field leader on board.
Follow Singapore’a lead in how technology transfer and best practices was able to accelerate its nation’s advancement.

You have to appreciate Jamals efforts for actually coming on air to clarify his plans. Step in the right direction.
Transformation takes time. If you want to look for short term trades go look elsewhere. Always look at glass half full than half empty and you will live a much happier life.

At least with Rasheed having a large stake
His interest is aligned and won’t resort to dilutive exercises unlike the many syndicated counters

Felda shld give a reasonable offer and not bully minority shareholders into giving up their shares.

Once Jalil comes up with his action plan and implement his transformation blueprint, Bjcorp will be one of the top performers and then contra players will b kicking their teeth. Investing should be like watching paint dry.
You want excitement, go to a casino.

Put your long term trust in Jalil who will bring fresh new ideas and perspective.
Young, hardworking, honorable and trustworthy CEOs hard to come by these days.

CIMB and RHB IB back in Jan stated 1.30 offer was not fair and below fair value of its sum of parts. Perspective Lane wanted to inject profitable assets in exchange for shares at higher prices but proposal was shot down.
If FELDA want to privatize so badly, they should make a decent offer and not use loopholes to bully minority shareholders into giving up their shares.

Everything has a price. If Felda is indeed unhappy they are not able to privatize, make a higher offer and get it over with. Its not like that they don't have the funds. Or just buy up the balance in the open market.

Even if it is 2.19, it is still less than half than what was offered during IPO.

I still remember the days when FGV Ipo was touted as the biggest in Asia. Covered by Bloomberg and CNN. What a far cry and shame it has been since then.

Airlines shares all over the world are starting to recover as they are seen as a proxy towards market recovery.

If share price keeps falling
They will get less money for their placement

All eyes on gloves.
Does anyone not remember about the booming Semiconductor and ATE industry. Hm

If solarvest can hit 1b market cap, samaiden will follow uptrend. Spillover effect.

Fossil fuel is outdated and finite
Renewable energy is the new future