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2023-03-06 16:15 | Report Abuse
wah, didnt know so many people missed the Genting Bus....all talking deliriously, some banging their head on
Lamp post
2023-03-06 13:53 | Report Abuse
missed Genting Bus, all cursing at Genting Bus stop. Can take Taxi mah!!. After arrived 30sen, lagi cursing
2023-03-06 10:47 | Report Abuse
donT worry he will buy when price reached 30sens
2023-03-05 17:03 | Report Abuse
Hit & Run works if you are punching in the same weight class. Try punching a 800lb Gorilla, mosquito bite,
but when he punch you, you go flying across the room ( ah loong splashing red paint on your front door ).
If you are a Headless Chicken DonT buy. Just smoke something illegal and enjoy talking nonsense here
2023-03-05 15:12 | Report Abuse
some stock makes 100mil profit every Qr, but stock price gostan.
Very Stone no make money, if price goes Up 10% everyday next week so How?-----Sometimes( most of time) stock price move bcos of HOPE
2023-03-05 10:51 | Report Abuse
J.Low may be negotiating with Anwar on behalf of China to take over Sap and Velesto from PNB with
ONE condition. He and Najib goes FREE---------hahahaha just joking
2023-03-04 20:38 | Report Abuse
If China put a Rig in any where around Spatly, inside 9-Dash Line, that is his protected area. He put a Rig
at Labuan, he can park his warship nearby
2023-03-04 20:34 | Report Abuse
Dont you know what is 9-Dash-Line? You just finish SPM. This is basically China Land Grab policy
2023-03-04 18:56 | Report Abuse
The implication Malaysia might loss sovereignty were never discuss if Sap falls into Chinese hand
2023-03-04 10:46 | Report Abuse
Ah Pek selling vegetable cannot included in Velesto management. Almost all Velesto management are
from Petronas, Shell and Retired Ceo from O&G Co.
Oil price is most likely the only Factor keep pushing price up. If Velesto price breaks 30sens, most likely it
will march another 30--40sens Up bcos i see no other Goreng stock in Bursa except O&G counter for 2023.
Foreign Fund may comes in April and leave before Christmas----direct result from FED hiking Rate. Other
than this, i see Bursa trending Down. When the Whole Bursa looking at O&G only, Vol are bound to spike
2023-03-03 14:48 | Report Abuse
Top Energy Trader Expects Oil Prices To Enter The $90-$100 Range
By Tsvetana Paraskova - Feb 27, 2023, 8:21 AM CST
The CEO of Vitol Group believes oil prices could trade in the $90-$100 per barrel range in the second half of the year.
With oil demand set to rise by 2.2 million barrels per day this year while supply remains limited, there is a good chance of a price rally.
The Vitol Group has added its voice to a chorus of banks and analysts that see oil prices climbing toward the $100 mark in the second half of 2023.
2023-03-03 14:47 | Report Abuse
Top Energy Trader Expects Oil Prices To Enter The $90-$100 Range
By Tsvetana Paraskova - Feb 27, 2023, 8:21 AM CST
The CEO of Vitol Group believes oil prices could trade in the $90-$100 per barrel range in the second half of the year.
With oil demand set to rise by 2.2 million barrels per day this year while supply remains limited, there is a good chance of a price rally.
The Vitol Group has added its voice to a chorus of banks and analysts that see oil prices climbing toward the $100 mark in the second half of 2023.
2023-03-03 11:58 | Report Abuse
Kenanga makes 60% of their profit from making Big Bet on Stocks (on behalf of Big Institution like EPF, KWSP).
30% profit comes from Ikan Bilis margin accounts. So how can they Tell Bursa punters the Truth----SomeMore
give FREE stock TP. Who is paying RM5000 salary for their pasar malam analyst graduate????
Hello 99% of bankers TP are the SAME----vested interest
2023-03-03 10:32 | Report Abuse
SAP will End up as political Rescue. Anwar has collapsing Bumi support and if Chinese goes Cha Kuey teow
PKR is actually smaller than PAS. DonT talk about GE16, next 2years also difficult.
My BET next 2 months ( before Raya Or after Raya ) Anwar will make a move to boost Malays Support.
After all SAP is totally control by PNB and PNB investors are 100% Bumi
2023-03-03 09:58 | Report Abuse
SAP has missed match of asset. Long-Term asset 14Bil---Current asset 3.2Bil. At a glance, you already know
where SAP 10bil borrowings all stuck at ( not movable asset ) When Co. are Hit by Oil Cycle for 5 years, this
is the perfect End results......So it is really a Bad Management----no planning, no Biz sense.
With 17Bil asset, Bank are too eager to get back their loan. But it will End with a 10years Civil Court Case.
And the end loser is PNB
2023-03-02 14:28 | Report Abuse
thanks for update (Nik). First i thought Ocean Wind Farm is a great source of revenue for SAP. It turn out too
complicate. That is also Good----very few competitor
2023-03-02 14:13 | Report Abuse
i am Not bother by 30sens. This is PNB Cost!! PNB will Double Velesto 30sens into 60ens. Then only PNB can
explain to Investors, Velesto is a Good Deal
2023-03-02 12:11 | Report Abuse
As i said before, 4Q22 is last year. 4 WorkOver units need refurnish to start work after 5years wrapping in Cold storage. 2 Rigs installed with Offline Operation ( stop-work) + Need to move to new Rig positions for new
contracts----All these need new parts plus weather Delay cost ( everyday cost $50,000 plus )
All these Cost are History in 2023. When Rigs are station in One position for 2 years, it is printing Money
2023-03-02 11:23 | Report Abuse
Rumour has it many contracts generate from Previous CEO are highly questionable ( kick-Out by PNB to
do clearer forensic analyses ) If many non-profitable projects are deleted from Books rather Forced to
Cancelled or go to Court, you would see a much, much leaner Books in coming months
2023-03-02 11:18 | Report Abuse
from what i learned from O&G contractors, SAP Old contracts( low margin) are weighing down SAP profit
margin but not generating big losses. It is lack of New Contracts that is making Fixed Expenses eating into
Profits. Management is actually forcing Old contracts off hands or re-negotiation new price ( dont know
can or not )
2023-03-02 09:34 | Report Abuse
usually a 30% drop ---even with Good Fundamental needs 2-3month to recover. But Good thing is, Velesto
got thousand of Uncles and Aunties acting as supporting pillow to Break this deep plunge....Maybe Up &
Running within 2 days after some Kopi Kaw-Kaw
2023-03-02 09:25 | Report Abuse
I think Velesto drops about 9pts so for strong technical rebound 70% from bottom, 24--25sen is target
within next 2 weeks
2023-03-01 20:47 | Report Abuse
PNB holds 48% of MayBank, if Banks liquidate SAP asset( 3-4billlion asset) belong to PNB. Sounds very
hilarious bcos what PNB does is Raiding Right pocket to fill Left pocket. I donT think this Debt fiasco can
ends in 2023, it is better SAP management Dig a very big Hole to get itself Out ( ie make more money
while Oil is still in Up cycle )
2023-03-01 19:51 | Report Abuse
Most important thing is coming Qr results in 2 weeks time
2023-03-01 19:49 | Report Abuse
CDRC extend Debt fisaco to 9 Sept 2023 ---another 6/7 months Breathing space for SAP
2023-03-01 17:53 | Report Abuse
PNB is still holding 4.765Billion shares at 30sens. How many shares are syndicate holding???
2023-03-01 17:22 | Report Abuse
DatoKembara
My remisier share with me something about SAPURA today. Big things coming. keep your ticket
_______________________________
Please enlight me what your remisier Said. I cannot trust my remisier bcos the last time i trusted him is
when "Ah Loong" painted my Car Red
2023-03-01 15:10 | Report Abuse
just now 18sens said too expensive. Now 10mil parked at 19sens. Today closing price???
Tomolo 20sens very cheap
2023-03-01 11:54 | Report Abuse
company. Lenders are going to want their money back. As Top Glove now has no profitable business, I can't see where it's going to get be able to borrow from to repay the billions. Sadly, defaults seem inevitable.
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India Snake Oil is Big Biz. T.Sri has been promoting thru Himalaya Snake Head for almost 3years. Now is
the Time to change from Glove Biz into Organic Snake Oil. Sorry i donT know what is Organic snake Oil??
2023-02-28 20:27 | Report Abuse
Look at Velesto Operating Loss----only 1.1mil But Market turned upside Down with 581mil Vol. I am scratching
my Head what is going on. Banker screaming massive loss but the writer is a junior analyst ---didnt know
how to operate a Nasi Lemak store yet........Let see tomolo who is playing the market
2023-02-28 20:19 | Report Abuse
Bon888
Is the Foreign currency translation RM 141 million negative something we need to worry?
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NO! for the year 2022 Velesto foreign Gain is 124Mil ( look at first page Qr ) This is just a accounting entry
non-cash. Since most equipment/spare parts are quoted in US$, if you have No US$, you paid more
2023-02-28 19:13 | Report Abuse
Integrated Service Section
The segment recorded loss before tax of RM13.9 million against RM1.8 million loss reported in the corresponding
quarter mainly due to one-off RM11.7 million costs incurred due to unanticipated changes to work programme,
prolonged wait on weather period during the demobilisation and adjustment of inventories of RM1.9 million.
_____________________________________________________
I think the Market has over-reacted. The Biggest losses come from 2 segment(s)---RM 11.7m + Rm15.1mil
One as above RM11.7mil Due Weather delay from changing work programme. New Contract, New work
program. Most Rigs in 2022 are either under repair or NO job.
2) RM15.1 losses comes from Reactivation of 4 WorkOver Units ( mothball for 4--5years )
The losses are NOT recurring bcos Velesto got jobs for All Rigs in 2023, even 3 workover units has jobs
2023-02-28 13:46 | Report Abuse
nowadays you hardly heard Razifi talks about SAP. According to my Datuk, thousand of Bumi Contractors have signed petition to Razifi to save them if SAP goes under ( atleast some jobs to pay Bank interest ). O&G jobs
are not making longkang, just cannot be replaced
2023-02-28 11:04 | Report Abuse
SAP should better manage Cost than Velesto bcos management started much earlier to rebuild Costing for
existing PN17. Anyway, Velesto terrible costing is direct result of jack-up Rigs getting not enough Jobs in
2022 resulting in cost overrun when New jobs are received in 2023 but in Different locations that need
moving Rigs ( very expensive ) Most likely One time Cost.
One month time SAP will announce Qr result----until then??
2023-02-26 14:31 | Report Abuse
Gamuda is a Sell based on lousy Anwar Budget. If Gamuda donT get job outside Malaysia, price will surely
goes down month by month until Jan 2024( next budget)...Every Existing project are subjected to Fat Trimming
How to make money?
2023-02-25 19:02 | Report Abuse
Of course we dont have this type of Political power Except if Najib returns
2023-02-25 19:02 | Report Abuse
OskH's NTA 3Q22 reached 2.70.......Easily arrived at 3.00 in 4Q23.
Said in 2000 when UMNO is supreme. Politician can arm-twist OLH to sell Osk at 1.00 and then Break-up Oskh
to fully value RHB portion.
2023-02-25 10:41 | Report Abuse
I spend most attention on SAP & Velesto bcos Petronas is going to spend atleast 30bil / year for next 5years.
The reason is very, very simple. First thing first you Must has EXTRA Oil from Oil Wells to kick start All other supporting Equipment Supplier like platform, Tug Boat, Connecting piping. No extra Oil from Ground, just Talk Cock. So Jack-Up Rig is Most important, no other equipment comes First.....Think about it~!
2023-02-24 15:27 | Report Abuse
I thought syndicate will push Velesto to 30sens this week but since today is Friday, And slightly over one hour
left, i take 29sens anyway........hahaha
2023-02-24 14:01 | Report Abuse
Armada Biz scope is similar to SAP but completely different if compare to Velesto
2023-02-23 19:03 | Report Abuse
Public Bank & Kenanga con by Genting Black Table
2023-02-23 17:59 | Report Abuse
I think Velesto biggest "happy" item will be ---Net Reversal of Impairment for 4Q22
PNB selling small block they used to support Very Stone during plunging times One year ago ( now made
100% profit ). Average PNB holdings is still around 30sens ( restructuring/bailout Cost )
2023-02-22 19:12 | Report Abuse
My 1 kilo Gold is worth US$ 50 billion......a little fantasy
2023-02-22 19:09 | Report Abuse
China is buying Gold, Russia piling Gold and Saudi has announced moving away from Trading US$ for Oil.
What happen ( will happen ) when the rest of World decided to Trade in another currency( or basket of currency )
US$ comes flying back to USA and US inflation Rush to 100,000% or become Zimbabwe money ( 1 billion to
Myr 137 today )
2023-02-20 09:19 | Report Abuse
PNB pumped 2.68Bil into SAP and MayBank share of 10Bil ( maybe 5Bil) So PNB will lose about 8Bil if
SAP default. That is Total PNB payout Dividend for 2022. If there is No "White Paper" in Parliament, i will be
very Surprise. PAS will say it is PH fault bcos of Mahathir mistake
2023-02-17 14:59 | Report Abuse
Looks like next week Velesto will break 30sens before 4Q release. Price has support everytime falls below 0.235
2023-02-16 19:00 | Report Abuse
Quarter Result
SuperMax
Quarter Result on 31-Dec-2022[#2] QoQ -1,992.61% YoY -325.89%.
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Yes!! Nobody can stop "the Virus" But SuperMax 2,000% Drop QoQ can Floored TopGlove like Mike Tyson
Left Hook
2023-02-15 16:40 | Report Abuse
Alaphbet/Google has 190,234 workforce ( cut 12,000= 6% )
Microsoft has 221,000 employee ( cut 17,00= 5.6% )
Both Co. Cut employee in 2023 after massive employment push During Covid-Era...
More like a normalisation process in 2023......You "Cannot" have a Recession if USA Employment is still
Surging Upwards----Maybe in 2024-5, a recession might Drop-by, But Fed is Cutting Interest Rate in 2024 for
Soft Landing
Stock: [VELESTO]: VELESTO ENERGY BERHAD
2023-03-06 17:46 | Report Abuse
Looks like tomolo also 10% UP------26.5sens