Aiyoyo ular,
Mike cuma ada lebih kurang RM 1,000 untuk beli mana mana saham.

ular,
It worked on Mike. Mike bought 200 units of HRC at RM4.40.
As of qqq3, you need to ask him how many units of HRC he hold and at what price.

Excuse me. Didn't someone previously said fund managers know better hence no fund managers cover HRC.

https://tradingeconomics.com/commodity/steel

qqq3, maybe it is time to buy some steel stocks.

qqq3,
Remember when choivocapital wrote an article on Serbadk back then.

Posted by Sslee > 2019-12-22 08:27 | Report Abuse

qqq3 as usual live dangerously, love this stock and will be eaten alive like London Biscuit and Sendai.
https://klse.i3investor.com/blogs/qqq3/2019-10-22-story231433-Portfolio_as_at_22_Oct_2019.jsp


Posted by JensenChin > 2019-12-22 08:34 | Report Abuse

Have Screenshot this post and sent to Serba’s legal counsel again.

Will follow up on the email to legal counsel, police report and report made to MCMC on baseless accusation and fake news spread by Choivo Capital.

Hope Choivo Capital will be sued for spreading fake news

https://klse1.i3investor.com/blogs/Sslee_blog/2023-01-11-story-h-301148158-Hengyuan_Seeking_more_information_of_malpractice_impropriety_misconduct.jsp
Hengyuan: Seeking more information of malpractice, impropriety, misconduct or omission at the very top level that cause loss to HRC.

IF the clock can ever be turned back, one wonders if the Attorney-General (AG) would have ruled differently by not letting Datuk Mohd Abdul Karim Abdullah off the hook with just a ‘light slap on the wrist’ compound but instead allowed the criminal proceeding to continue against the Serba Dinamik Holdings Bhd CEO and group managing director.

This is because if the founder of the integrated international oil & gas (O&G) outfit is tried in court as per what is the norm, he would have had his passport confiscated and even be held responsible for what many disgruntled retail investors claim as “swindling and siphoning their hard-earned money”.

To add salt to the deep wounds of Serba Dinamik investors (and perhaps bankers and vendors), Karim is now presumed to be residing in Dubai.

Director sudah disposed at 30 cents.
Name
Details of Changes
View
Date
Type
No. of Shares
Price
DATO' WANG SZE YAO @ WANG MING WAY 09-Jan-2023 Disposed 300,000 0.300 View

Largest insolvency court case present
Benjamin, who was also objecting to the adjournment, also informed the court the case involving Serba Dinamik is the largest insolvency case in the courts given the debt of RM5 billion.

He said putting the case into context, this is a case of a group of companies which has the largest debt owing in the insolvency court, and it does not have a credible restructuring plan.

“It owes RM1.7 billion to the syndicated lenders, it owes another US$500 million to the sukuk lenders, RM250 million to Hong Leong Islamic, and to my client another RM70 million.

“This is close to RM5 billion, and there is no proper restructuring plan. There is a propensity as in the past for the Serba Dinamik group of companies to come out with bare allegations, with no credible evidence to support,” he said.

There is no evidence to support the value of their assets, or the buyers of their assets, Benjamin said, adding that this is the situation the creditors had to deal with in the past year.

He added that in the judicial management application, the group said that it is eager to pay the creditors, but nothing came out of that, with the group failing to pay the creditors on Aug 31 and at the end of last year.

Lee Shih on behalf of the interim liquidator said that Serba Dinamik and the respondents had not filed the statement of affairs, and that they had also failed to disclose where the assets are. In addition, the directors — some of whom are in SDIL — also refused to divulge details.

TSVT punya angpow CNY sudah mari.

Up up up bjland and bjcorp. Opp wrong forum

Aseng
Iamxuewen
Summary
Total comments 8633
Past 30 days 0
Past 7 days 0
Today 0

https://klse.i3investor.com/servlets/cube/post/iamxuewen.jsp

Above link to Aseng comments.

https://klse.i3investor.com/blogs/future_tech/2023-01-08-story-h-301863981-Opinion_I_bought_a_Tesla_to_help_the_environment_Now_I_m_embarrassed_to.jsp

Is owning a Tesla is now view as politically wrong?

Did someone said debated? Did he know what debate mean?

Summarised financial information of the Group’s material joint venture i.e. JAKS Pacific Power Limited and
its subsidiary company (“JPP Group”) is set out below:
(a) Summarised adjusted statements of financial position
JPP Group
2021 2020
RM RM
Cash and cash equivalent 999,486,387 434,151,867
Other current assets 650,115,103 428,863,339
Non-current assets 7,479,624,542 6,664,587,571
Current financial liabilities
(excluding trade and other payables and provisions) (608,182,196) (213,664,588)
Other current liabilities (1,380,386,041) (1,154,468,657)
Non-current financial liabilities
(excluding trade and other payables and provisions) (4,720,926,257) (4,509,175,118)
Net assets 2,419,731,538 1,650,294,414


Interest in joint venture 30% 30%
Group’s share of net assets 725,919,462 495,088,324
Share of other net asset changes (15,025,104) (17,353,089)
Goodwill 3,826,062 3,826,062
Carrying value of Group’s interest in joint ventures 714,720,420 481,561,297

Summarised adjusted statements of profit or loss and other comprehensive income
JPP Group
2021 2020
RM RM
Adjusted profit for the financial year, representing total comprehensive income for the financial year 469,043,075 12,543,676
Included in total comprehensive income are:
Revenue 3,011,637,528 1,778,620,476
Amortisation/Depreciation (296,585,635) (673,752)
Interest income 1,736,511 4,003,064
Interest expense (275,461,575) (19,292,676)
Taxation (1,530,307) -

https://klse.i3investor.com/blogs/Sslee_blog/2023-01-04-story-h-301981508-Hengyuan_HRC_Q3_2022_financial_report_enquiry_Part_II.jsp

I make a mistake on my calculation on HRC Q3 financial result based on public available crack spread data. I readily offer my apology and will hold the BOD and Management accountable and answerable.

I believe Aseng did not make any money by taking advantage of others when he promote his TP of RM 1.50.
Unfortunately some do make use of Aseng to take advantage of others:
curiousq Actually there are many sifus in i3 earning a lot of money, those lost huge amount of money have been disappeared and don't want to play shares anymore
28/12/2022 3:26 PM

I can only fault those who gave the idea of TP 1. 50 to Aseng without consideration that Jaks is badly managed and for the past many years generating negative cash flow and depend on almost yearly cash call RI and PP to get going and caused share value dilution.

The current NOSH is 2,042,317,607 and oustanding warrants:
Total number of issued securities : 171,488,238 Warrants B
Voting Right : No voting rights
Exercise Price : RM0.34
Maturity Date : 13 December 2023

Total number of issued securities : 525,564,900 Warrants C
Voting Right : No voting rights
Exercise Price : RM0.49
Maturity Date : 18 November 2025

https://twitter.com/nazfarid/status/1610583162144567301?s=48&t=jV6PghOMvgUzdJH7PHrxuA

AA sits on 1.3bil advanced ticket sales as at end Sept 2022. In the last few months, they did so many promos...7 mil free tickets, 5 mil free tickets followed by some bundle packages. Their books are horrible. net debt RM2.4bil, excluding lease liabilities sitting in the books of almost RM15bil. Shareholders funds in deficit at RM7.1bil. Technically is a bankrupt company

Gloves - No End to Drought
Author: kiasutrader | Publish date: Fri, 6 Jan 2023, 9:34 AM

Reiterate UNDERWEIGHT. The massive overcapacity in the global glove market means that low selling prices and depressed plant utilisation will likely persist throughout 2023. Adding salt to the wound is the reluctance of customers to commit to sizeable orders and hold substantial stocks on expectations of further decline in prices. We beg to differ from the view of Malaysian Rubber Glove Manufacturers Association (MARGMA) that the industry will turn the corner in 2023 as our demand supply forecast shows that it will take at least another two years of consistent demand growth to fully fill the current excess capacity in the industry. We believe that the pivot is more likely to happen in 2024 and do not have any top pick for the sector.

We are less optimistic than industry players. MARGMA projects a 12%-15% growth in the global demand for rubber gloves annually from 2023, following an estimated 19% contraction to 399b pieces in 2022. It believes the supply-demand equilibrium may return in 6-9 months. However, we beg to differ, expecting the overcapacity situation to persist at least over the next two years.

Based on our estimates, the demand-supply situation will only start to head towards an equilibrium in 2025 when there is virtually no more new capacity coming onstream while the global demand for gloves continues to rise by 15% per annum underpinned by rising hygiene awareness.

Overcapacity to widen further in 2023. We project the demand for gloves to rise by 15% in 2023, which is consistent with MARGMA’s forecast. However, this will do little to ease the overcapacity situation as the global glove production capacity will grow by 16% to 595b pieces during the year as more capacity planned by incumbent and new players during the pandemic years—enticed by super-fat margins that had eventually evaporated—finally comes on-line. This will result in the excess capacity rising by 22% to 137b pieces from 112b pieces in 2022. The widened overcapacity means low prices and depressed plant utilisation will likely persist in 2023.

Not helping the already dire situation is the reluctance of customers to commit to sizeable orders and hold substantial stocks on expectations of further decline in prices.

Our 2023 forecasts assume: (i) an ASP per 1,000 pieces of USD20, translating to an estimated 10% decline over 2022, and (ii) an average plant utilisation of 50% vs. an estimated 60% in 2022. During the 2014/2015 downturn, ASP of nitrile gloves went as low as USD17/USD18 per 1,000 pieces while industry utilisation was at 65%/70%.

We advocate investors to avoid the sector for now and not have any top pick for the sector.

Source: Kenanga Research - 6 Jan 2023

Mike was misled by me and bought 400 units of HRC at 4.50. So next quarter HRC will report a loss of 800 million and HRC will drop to 2.25 then his total loss will be 50%.

My note on intrinsic value

Technical Analysis (TA)

Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activities, such as price movement trade volume and focus on patterns of price movements, trading signals and various other analytical charting tools to evaluate a security's strength or weakness. Thus TA pattern is influence by Greed & Fear (Behavior pattern) and will be most effective if use together with FA Qualitative study of Economic condition and Industry condition that create greed and fear where people will panic buy or panic sell as no one will look at FA quantitative financial data

Fundamental analysis (FA)

Fundamental analysts study anything that can affect the stock's value, including macroeconomic factors (e.g. economy and industry conditions) and microeconomic factors (e.g. financial conditions and company management). The end goal of fundamental analysis is to produce a quantitative value (Intrinsic Value) that an investor can compare with a stock's current market price, thus indicating whether the stock is undervalued or overvalued. Fundamental analysis is a method of evaluating a stock in an attempt to assess its intrinsic value.

In summary Fundamental Analysis cover:
QUANTITATIVE
Financial data/ratio contain in current and past financial report.
QUALITIVE
Economy condition (Current and future)
Industry condition (Current and future)
Company management (Current and future)
Profit growth prospect (Current and future)

In short what many people term as Business Sense (BS) is actually the qualitative part of Fundamental Analysis. BS is subset of FA.

Beside explaining the relationship between TA, FA and BS, I emphasis important of reading financial report: P&L statement, Balance sheet, Cash Flow and working out the intrinsic value.

Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)
Example of intrinsic value of INSAS is then the Sum of DCF expected cash flow from varies business streams.
For INSAS assets rich case, it is my opinion that the liquid assets minus total liabilities should be added to this intrinsic value.

My main take away is not on promoting INSAS but promoting shareholders activism: Shareholder activism is not a privilege - it is a right and a responsibility. When we invest in a company, we own part of that company and we are partly responsible for how that company progresses. If we believe there is something going wrong with the company, then we, as shareholders, must become active and vocal- Mark Mobius.

Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.

As announced on 21 December 2022, Bursa Securities had granted the Company an extension of time of six (6) months until 7 July 2023 for the Company to submit its regularisation plan to the relevant regulatory authorities. Therefore, the Company has approximately six (6) months to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same.

The Company will make the necessary announcement(s) regarding the development of the proposed regularisation plan accordingly.

This announcement is dated 3 January 2023.

Details
Under the Addendum, Pemex has agreed to increase the unit price for the gas sweetening services of the Contract to compensate CD for the expansion of plant capacity from 150 mmscfd to 180 mmscfd since November 2021. Consequently, the maximum contract value has increased to MXN1.64 billion (equivalent to RM371.8 million) from MXN1.30 billion (equivalent to RM258.7 million) representing an increase of MXN0.34 billion and RM113.1 million respectively.

In January 2021, Pemex has awarded to a consortium associated with Nuvoil Group (“Nuvoil”) a contract to provide gas sweetening service for Pemex’s onshore gas operations (“Contract”). The scope of work under the Contract mainly comprises of engineering, procurement, construction, operation and maintenance for a gas sweetening plant in Ixachi Field, Veracruz. The tenure for the Contract shall be 32 months (excluding the plant construction period) with a maximum contract value of approximately RM258.7 million subject to further extension in tenure. Subject to Pemex’s approval, contract value shall be increased should there be any further extension.

Upon completion of the transaction, JVC shall be the leader of the Consortium and responsible to execute the Contract. The rights and benefits under the Contract shall be transferred to the JVC through an assignment from the existing Consortium members.

Has anyone ask the Board during AGM to explain how the scope of work under the Contract mainly comprises of engineering, procurement, construction, operation and maintenance for a gas sweetening plant in Ixachi Field, Veracruz. The tenure for the Contract shall be 32 months mean?
Is this BOT model with 32 months tenure or what? Or is this a profit sharing or concession asset and for how many months/years concession period?
By the way how Coastoil Dynamic, S.A. de C.V. derived it revenue and from who?

Coastoil Dynamic, S.A. de C.V.
12-month period ended 30 June 2022: RM
Revenue 171,716,984
Depreciation and amortisation 6,902,254
Interest expense 16,457,319
Income tax expense 32,870,003
Profit for the financial year 62,453,423
Other comprehensive income 5,525,779
Total comprehensive income 67,979,202
Group’s share of profit for the financial year 51,485,391
Group’s share of other comprehensive income 6,551,860
Reconciliation of net assets to carrying amount
Group’s share of net assets above 93,838,534
Foreign exchange translation reserve 1,756,510
Carrying amount of the Group’s interests in this joint venture 95,595,044

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Jan 5, 2023 6:56 AM | Report Abuse

https://klse.i3investor.com/web/blog/detail/Sslee_blog/2021-02-25-stor...

Article written by SSLee, praising calvintaneng. Not so kind words for others with "tunnel visions". :-)

Good morning 3iii,
Sorry if you feel that way when my intention is not praising calvintaneng but much more for readers to think and cess trolling and animosity, respect other people opinions and learn to agree to disagree.

https://klse.i3investor.com/blogs/Sslee_blog/2020-02-18-story-h1483850146-SC_wants_you_to_participate_effectively_at_an_Annual_General_Meeting.jsp

What you need to prepare before attending AGM.

qqq3,
Why accept $88 million pre tax profits for 9 months when in the third quarter alone, Hyundai Oilbank’s operating profit skyrocketed by 226 percent on-year to 2.8 trillion won.

No point in responding to someone that can’t understand the meaning of sarcasm, figuratively, literally or just plain English.

Just ignore him

Ular,
My intention is for i3 commentators rather fighting each other at i3 forum they should attend AGM and hold BOD and Management accountable and answerable to us minority shareholders.

https://klse1.i3investor.com/blogs/Sslee_blog/2023-01-04-story-h-301981508-Hengyuan_HRC_Q3_2022_financial_report_enquiry_Part_II.jsp
Hengyuan: HRC Q3 2022 financial report enquiry (Part II)

https://klse1.i3investor.com/blogs/Sslee_blog/2023-01-04-story-h-301981508-Hengyuan_HRC_Q3_2022_financial_report_enquiry_Part_II.jsp
Hengyuan: HRC Q3 2022 financial report enquiry (Part II)

Aseng exit plan is TP 1.50 or 2 year from COD whichever is earlier.
Another month time to 2 year from COD, what has happen?

Posted by qqq47660 > Jan 3, 2023 11:46 AM | Report Abuse
Sslee need to be activist for Xi jinping...otherwise biden all out war on China destroy every thing.

qqq3,
How to say anything good about China, when China CCP close one eye and allowed it citizen Red-Chip compinies to cheat everyone wherever they went?

Hyundai Oilbank, one of South Korea’s leading refiners, said Monday that it handed out 1,000 percent of annual salaries as bonuses to its staffers.

The company declined to disclose the specific amount of the salaries given. In 2021, its employees received bonuses at a 600 percent rate, with an average of 726 million won ($571,000) per person.

Last year, there were growing calls for imposing windfall taxes on refiners for their extra earnings. With related talks about subsidizing in recent months, the companies are compensating their employees with hefty bonuses.

Other major refining companies – SK Energy, S-Oil and GS Caltex – will soon decide the bonus rates as well.

“We haven’t decided on the bonus yet, but it is expected to be more or less similar to Hyundai OilBank’s,” said a company official from a major oil refiner who requested anonymity.

Last year, SK Energy and GS Caltex provided 1,000 percent of annual salaries as extra payment to employees, while S-Oil gave bonuses at a 1,400 percent rate.

qqq3 why all korea refining companies reported record profit and only in Malaysia HRC made a lose of RM 10 million every day for Q3 2022?

https://klse1.i3investor.com/blogs/Sslee_blog/2023-01-03-story-h-302011975-Fairness_Justice_and_The_Truth.jsp

I had another misadventure on HRC and my profound apology if my comments in HRC had led some to lose their money in HRC. But let's ensure I will be there at the next AGM to hold BOD and Management accountable.

When the plane leaves the airport and if due to cabin emergency or destination airport Power outage forces Philippines to suspend flights, shut airspace then the plane has no choice but to turn back.

qqq3,
Who is smarter?
A person making tens of thousand USD a month fm remote Indonesia or somone lose his job many many years ago?

By the way, I like to find fault or pick on Philip because he is more successful than me.
Hope Philip will take that as compliment and not sarcasm.

No worries charlesT,
I'll take that as a compliment.

You do not keep profit outside Malaysia but you can keep the dividend reveived from outside Malaysia in any oversea banks. At far as no dividend received from JHDP, all the profit is just a book entered profit at Jaks P&L statement as share of profit in JV.

Jaks 30% equity in JV cost USD 140 million so another 10% will cost abt USD 46.67 millions.
Year 2021 share of profit in JV: RM 139,283,000
Year 2022 cumulative 9 months: RM 110,017,000.

So by now the share of profit should by-right enough to pay for the addition 10% equity in JV.

Please ask icapital go fly kite to dare to compare icap with Maybank performance from 2005 to 2022.


Search:
Ann. Date
Ex Date
Type
Subject
Amount
View
05-Sep-2022 19-Sep-2022 DIVIDEND First Interim Dividend (with Dividend Re-Investment Plan) RM 0.2800 Dividend Detail
03-Mar-2022 16-Mar-2022 DIVIDEND Second Interim Dividend (with Dividend Re-Investment Plan) RM 0.3000 Dividend Detail
08-Sep-2021 22-Sep-2021 DIVIDEND First Interim Dividend (with Dividend Re-Investment Plan) RM 0.2800 Dividend Detail
12-May-2021 28-May-2021 DIVIDEND Final Dividend (with Dividend Re-Investment Plan) RM 0.3850 Dividend Detail
04-Dec-2020 17-Dec-2020 DIVIDEND Interim Dividend (with Dividend Re-Investment Plan) RM 0.1350 Dividend Detail
27-Mar-2020 10-Apr-2020 DIVIDEND Second Interim Dividend RM 0.3900 Dividend Detail
03-Sep-2019 18-Sep-2019 DIVIDEND Interim Dividend RM 0.25 Dividend Detail
29-Apr-2019 07-May-2019 DIVIDEND Final Dividend (with Dividend Re-Investment Plan) RM 0.32 Dividend Detail
18-Sep-2018 28-Sep-2018 DIVIDEND Interim Dividend (with Dividend Re-Investment Plan) RM 0.25 Dividend Detail
23-May-2018 05-Jun-2018 DIVIDEND Final Dividend RM 0.32 Dividend Detail
18-Sep-2017 29-Sep-2017 DIVIDEND Interim Dividend (with Dividend Re-Investment Plan) RM 0.23 Dividend Detail
20-Apr-2017 04-May-2017 DIVIDEND Final Dividend (with Dividend Re-Investment Plan) RM 0.32 Dividend Detail
09-Sep-2016 23-Sep-2016 DIVIDEND Interim Dividend RM 0.2 Dividend Detail
20-Apr-2016 04-May-2016 DIVIDEND Final Dividend RM 0.3000 Dividend Detail
25-Sep-2015 08-Oct-2015 DIVIDEND Interim Dividend RM 0.2400 Dividend Detail
13-Apr-2015 23-Apr-2015 DIVIDEND Final Dividend RM 0.33 Dividend Detail
12-Sep-2014 25-Sep-2014 DIVIDEND Interim Dividend RM 0.24 Dividend Detail
16-Apr-2014 29-Apr-2014 DIVIDEND Final Dividend RM 0.31 Dividend Detail
11-Sep-2013 24-Sep-2013 DIVIDEND Interim Dividend RM 0.225 Dividend Detail
12-Apr-2013 25-Apr-2013 DIVIDEND Final Dividend RM 0.33 Dividend Detail
07-Sep-2012 20-Sep-2012 DIVIDEND Interim Dividend RM 0.32 Dividend Detail
17-Apr-2012 27-Apr-2012 DIVIDEND Final Dividend RM 0.36 Dividend Detail
15-Nov-2011 25-Nov-2011 DIVIDEND Final Dividend RM 0.32 Dividend Detail
31-Mar-2011 12-Apr-2011 DIVIDEND Interim Dividend RM 0.28 Dividend Detail
04-Nov-2010 18-Nov-2010 DIVIDEND Final Dividend RM 0.44 Dividend Detail
09-Feb-2010 02-Mar-2010 DIVIDEND Interim Dividend RM 0.11 Dividend Detail
25-Aug-2009 13-Oct-2009 DIVIDEND Final Dividend RM 0.08 Dividend Detail
19-Mar-2009 31-Mar-2009 RIGHTS_ISSUE Rights Issue 9 : 20 Dividend Detail
27-Aug-2008 07-Oct-2008 DIVIDEND Final Dividend RM 0.2 Dividend Detail
20-Feb-2008 24-Mar-2008 DIVIDEND Second interim dividend RM 0.15 Dividend Detail
24-Jan-2008 18-Feb-2008 BONUS_ISSUE Bonus Issue 1 : 4 Dividend Detail
15-Nov-2007 31-Dec-2007 DIVIDEND Interim Dividend RM 0.175 Dividend Detail
29-Aug-2007 30-Oct-2007 DIVIDEND Final Dividend RM 0.4 Dividend Detail
21-Feb-2007 10-Apr-2007 DIVIDEND Interim Dividend RM 0.4 Dividend Detail
28-Aug-2006 30-Oct-2006 DIVIDEND Final Dividend RM 0.35 Dividend Detail
21-Nov-2005 23-Dec-2005 DIVIDEND Interim Dividend RM 0.5 Dividend Detail
26-Aug-2005 07-Nov-2005 DIVIDEND Final Dividend RM 0.6 Dividend Detail
18-Feb-2005 16-Mar-2005 DIVIDEND Interim Dividend RM 0.425 Dividend Detail

Dear 3iii,
You are wrong about me on trying to obtain perfect knowledge, I am just trying to seek fairness, justice and the truth. Below another email I intend to send out tomorrow.

Dear Datuk Muhamad Umar Swift,
CEO Bursa Malaysia

First and foremost please allow me to wish everyone at Bursa Malaysia a Happy New Year 2023 and please pardon me for writing this letter to you uninvited on the first working day of 2023.

My intention in writing this email to you is with the hope that Datuk can/will reset and reboot Bursa to make investors protection a priority for year 2023. Bursa can only be great again if investing public have confident that their investing in Bursa listed companies will not be short-charged or scammed by insiders fraud (Serbadk) and market manipulators (“Hidden Hands Behind Penny Stocks Surge Under Scrutiny” April 12, 2021 and “Hidden Hands Behind Penny Stock Surge” September 21, 2020)

Wednesday, 28 Dec 2022 SINGAPORE: John Soh Chee Wen, the mastermind of Singapore’s biggest case of stock market manipulation that wiped out nearly $8 billion in market value in October 2013, on Wednesday was sentenced to 36 years in jail, while his co-conspirator Quah Su-Ling was handed 20 years.
The court case spanned a record 349 successful charges in some 200 days of trial over nearly four years.
Prosecutors had sought a jail sentence of 40 years for Soh, and 19½ years’ for his co-conspirator Quah.
The pair were found to have manipulated the share prices of Blumont Group, Asiasons Capital and LionGold Corp – known collectively as BAL – between August 2012 and October 2013, through 187 trading accounts held with 20 financial institutions in the names of 58 individuals and companies.
https://www.theedgemarkets.com/node/649866

I can’t help but agree with The Edge Headline: Singapore gets it right- Severe punishment is the best deterrent against future commercial crimes.
Finally justice is being served and the ghosts of yesteryear Omega Securities scandal can now Rest in Peace.

Back to Malaysia we make international headline: https://www.dailyexpress.com.my/news/203144/edge-editor-freed-of-criminal-defamation-charges-over-articles/

KUALA LUMPUR: Azam Aris, the editor emeritus of local business newspaper The Edge, was Tuesday acquitted and discharged of one criminal defamation charge after being sued for defamation over two articles on penny stock manipulation published in 2020 and 2021.
However, Azam was given a discharge not amounting to an acquittal (DNAA) for the second charge, The Edge reported.
Azam was charged in September with two counts of criminal defamation at the Magistrate’s Court against a Malaysian businessman and four firms over two articles titled “Hidden Hands Behind Penny Stocks Surge Under Scrutiny” (April 12, 2021) and “Hidden Hands Behind Penny Stock Surge” (September 21, 2020) that exposed stock manipulation on Bursa Malaysia

Luckily for Malaysians, common sense prevails otherwise we will be a laughing stock of international investing communities as a country that charged an investigating reporting editor/reporter for criminal defamation instead of bringing the market manipulators to book like what Singapore did.

I just wonder if the case happens in Malaysia, will Bursa/SC and AG have the capacity, determination and political will to go to the length and depth of Singapore SC and AG “investigating through 187 trading accounts held with 20 financial institutions in the names of 58 individuals and companies to secure a conviction of stock market manipulation”

I am guessing so far no investigation was carried out on market manipulators on the “Hidden Hands behind Penny Stocks Surge under Scrutiny” (April 12, 2021) and “Hidden Hands behind Penny Stock Surge” (September 21, 2020) that exposed stock manipulation on Bursa Malaysia.

What really saddened and angered me the most were despite clear cases of Bursa Listed Red-Chip companies CEO/Directors committed accounting fraud and abscond/runoff with hundreds of millions of Malaysians hard earned money and for reasons only knew to SC/Bursa no action were taken to recover the stolen money nor to bring Red-Chip China CEO/Directors to Malaysia Court to face Justice.

I can only hope things will start to change this year when we have a new government that promises to uphold justice and bring all crooks to book and recover the stolen money. The reformasi, reset and reboot are long overdue but it is better late than never.

Thank you

Best Regards
Lee Soon Sheng
PS:
https://klse1.i3investor.com/blogs/Sslee_blog/2019-04-27-story204216-How_to_make_Bursa_Malaysia_the_choice_of_investor_and_capital_market.jsp
How to make Bursa Malaysia the choice of investor and capital market?
In order to make Bursa Malaysia the choice of investor and capital market something needs to be done by Bursa and SC to ensure high level of trust and integrity among their public-listed companies and to be seen in going after those who break the rules

Please attend the next AGM or EGM and hold the Board accountable and answerable for what they said in 2021 AGM

When is JHDP expected to make its first dividend distribution?
- The power plant has only just been fully completed and operating since end January this year.
- Barring any unforeseen circumstances and subject to the profits and cash reserves available for distribution, we are anticipating the dividend pay out to be in mid-2022.

When you are at the back of chasing pack the only way you can win is to work longer hours than the leading pack.

9-9-6 means working from 9am to 9pm, 6 days a week. This work schedule is very common in China, especially in the tech industry. While 996 itself isn't surprising in modern Chinese work culture, billionaire Jack Ma's comments about it have made a lot of people angry.Apr 5, 2022

Just because i3lurker sarcastically picked Gdex to compete with Philip pump and dump Star Media and Philip is quick to label I3lurker as GdexBoy.

The important thing what i3lurker is trying to say is knowing the business is more important than knowing the company and business is influence by external and internal factor.

Externally just like what qqq3 said when fad fashion go out of style, it's very difficult to play

Internally is the company CEO dare to venture outside the comfort zone when their core business is already like a fade fashion go out of style or their competitors are eating them for breakfast.

If someone sold his Tesla at the beginning of the year then he can now use that money to buy 3.24X Tesla.

CharlesT,
Sometime Philip like to write sarcastically and at time figuratively so that his writting is more lively and flowery. Hence do not read his meaning literally