LKH tried and failed many times to monetise his IWH etc over the years. I think he has finally come to terms with it and now he is choosing to do it via Ekovest. Old man already can't wait too long. For him to be willing he will want absolute control over Ekovest before more, which is the 51% he is targeting. Then he will do what's needed, not before

Must say well played Dr Norraesah. Guess it will now take a month or two for MYEG to break above Dr's last sell price 😆

For LKH to have a successful consolidation of his shareholdings in Ekovest, there's no incentive for it to move to 60c now. As I've said it looks better when LKH is selling his other assets into Ekovest and paying w Ekovest shares at 60c when Ekovest is below 60c. After that however Ekovest is worth punting on, it is a liquid counter and will react to any news of Duke 1&2 monetisation

The moment it broke below 72 cents there's not much down there. It was scary yesterday. Today it is ongoing. It will be surprising if they don't short it down to 61 cents

So lucky we lost less in AQRS, or it's only a matter of time AQRS falls like the rest 😶

Market leaders being bombed, sector showing deep red. On a 2 months basis AQRS is outperforming the likes of UEMS Ekovest WCT by about 7-8%...KSL is making good money and down 6%

It is nonetheless progressing beautifully, even if it only holds here for the next 2 months. Then the trading range would have firmly changed and this 32-33c range is the new bottom w strong support. I think it takes bad news - counter specific or sector wise to bring it down to sub-30 again. And I think the downside risk is low very low. Numerous catalyst for AQRS, if we hit just half of those objectives 40c should be the new range.

In this particular case, it probably means...nothing. It shows a lack in trading interest, sellers not willing to sell buyers not willing to buy (got scared after being flushed so many times). It looks like we have a smallish operator here. Squeezing every penny before they goreng

Thank you Uncle Koon for allowing us to sell at 1.20 and more? Or Uncle Koon long gone 😅

Hibiscus is actually more fun pre consolidation. I still do a reverse conversion mentally as I watch this counter, perhaps I should stop doing this

UEMS TP 0.42? Not real. That brushes off the latest Johor developments entirely.

Ekovest better value than UEMS? Possibly, because there’s visibility in monetisation with the impending corporate exercise + highways spin-off.

LKH taking shareholders for a ride? Half true. True now as press is suppressed. Not true after LKH satisfies himself with the huge block at 60c, then you’ll see the real push 😉

Added back to 125% exposure

Below 30c going for 200% exposure 😆

From what the directors have been doing, why privatise? Just pay themselves fat salaries.

If they want to privatise it could have been done at $1 back then. Now 52W High >1.2 can't be done at 1.20

Actually it seems premature to sell now. MYEG's results give us the confidence to hold, that's just one part of it.

The other part has to be the broader market. A liquid counter like MYEG will not lag the market much if market is good. If you believe market is good towards XMas and Fed will stop raising rates, risk reward is pretty good to hold MYEG la, no rush to sell, maybe even average up cos why not?

Our friend James Bond will be having a field day here again tmr 🤣🤣🤣

There is such a thing as win-win too you know 😂

I have said before that Yinson actually has a negative correlation with oil prices, within a certain range, for whatever reasons.

It can be counterintuitive but true.

Oil’s steep drop tonight is a good indicator. Let’s see if Yinson actually moves up tomorrow, it’s a weird world my friends

Indeed, with much of the uncertainties removed and Zetrix already launched, MYEG is not moving as expected. My take, when times were so bad MYEG didn't go much lower, showing strong support despite everything. Risk reward is attrattive even tho it's generally no good when stock price does not move on confirmation of bullish events

PB is rarely right. Yet to be fair one cannot give a high TP, yet, given the meagre earnings. UEMS is about the huge landbank that now more than ever is looking at monetisation

Strategically everything appears in order. First push is for the circa 43 cents placement. Next push should only come after LKH's shareholding consolidated. It does not look good for him to be paid shares @ 60c when it's trading at 75c. The idea that LKH is the "final winner" after having control and share goes down to 25c is dumb. LKH needs to eat too bro. Ultimately it's the sector wide run in line with New Agong+PMX's objectives and the time is ripe

Patience guys. Fundamentals so good, volume already emerging, just wait

Full slate now 😝

I suppose it's brighter than it has ever been in the past 5 years 😎

Testament to Yinson's management quality


KUALA LUMPUR (Oct 24): JPMorgan Chase on Tuesday appointed Andy Lim as the head of its new corporate client banking business in Malaysia.

Lim will focus on expanding the US firm's commercial banking business to support financing, transaction and treasury needs of Malaysian-headquartered companies, JPMorgan said in a statement.

Lim was previously an executive director with Farosson, the advisory and asset management arm of Yinson Group, a Malaysia-based energy infrastructure and technology company.

If I am not wrong...current Agong is AQRS's CEO's partner in Tanah Makmur. But that's probably irrelevant. For almost the full term, other than KotaSAS admin centre, we don't see AQRS getting any favours

Market cap 181M. This is one of the easiest counters in construction theme to hold and make a larger % than normal. But it will always be difficult buying/holding through the period of consolidation. It will touch 38-39 again. It may repeat and come down again. The question is will you be selling all at 38-39, and then when consolidation is finally over, miss out on the much bigger move that shall come

What happened is piggy bank phenomenon...even I do it to Yinson sometimes lol

When ringgit is down, when market is down, it is always easy to take back some liquidity from Yinson. Rock solid, easy to sell millions when u want without shaking the price too much

Uncle Koon is right this time. He rarely buys value. KSL is the only one that has been doing well regardless of new Johor catalyst. Imagine when the catalysts do materialise

This counter is soooooo liquid, no such thing as kena trap



pangolin

standing outdoor for month , go in 50c kena trap ....

13 hours ago

WEll done Hibiscus. Again a refuge in a sea of red

Just curious, how many retailers are still holding UEMS really?

Finally I get to join the Ekovest game. Deep value. Corporate exercise pending. All good

Very attractive. All the goodies remain. Niceeeeeee

@jackson dry powder ready? 😆

I also want to learn from some who quote themselves, spot on 🤣


Posted by UncleFollower > 1 month ago | Report Abuse

Yes. Share consolidation is the bonus. Well it shows that they care about share price and want to do something about it. Above $2 invites a new class of shareholders, liqudity should ironically improve which then leads to expansion in valuation. Buy it before ex-consolidation. $2.80 = $1.12 conservatively and $1.40-1.60 range the moment Fed pauses China recovers and shortage emerges in 4Q. Lots of IFs lol

More catalytic events later this month supporting the Iskandar 2.0 investment
theme. Besides the loosening of the Malaysia My Second Home (MM2H) criteria (details
have not yet been revealed), some prominent events unfolding in October would further
uplift the Iskandar 2.0 investment theme. They include the planned Malaysia-Singapore
leaders’ retreat at end-Oct 23 (to sort out details of the Malaysia-Singapore Special
Economic Zone) and the council of rulers meeting (when the new Agong is expected to be
selected)

Mega infra projects: opportunities in LRT3 and Pan Borneo Sabah Highway. The
project value for LRT3 has been upsized by RM5b (reinstatement of five stations) while the
award of Pan Borneo Sabah Highway (PBSH) has been indicated to be in November. The
beneficiaries are MRCB for the former project, and potentially Gabungan AQRS for the
latter project. The expected rollout of new mega projects in 2024 (MRT3, PBSH) also
implies improving demand for the building material (particularly cement) sector.

Revival of Temasya LRT station will be AQRS's

Even if it doubles from here over the next 1 year, KSL will still be very reasonably priced

Yinson is this scary behemoth that will generate so much cashflow by CY2026, not sure how market will look at it by then. IT's REALLY BIG.

Recently Lim Chern Yuan said he believes they can hit US$1B ebidta by 2025. That in itself is amazing. US$1B!!! I think he knows what he's talking about. If you have watched him before, this is a CEO full of humility and one who takes his job seriously. He is considered 1.5 Gen, and still very young. 1.5 Gen, since his father founded the business but it was him who ventured into FPSO and changed Yinson forever

Also there will be the RE part of the business that they are currently burning money and market doesnt give any valuation. Isn't this what the market wants, all these green business

The most unfortunate timing in my view...is the expiry of warrants by mid-2025, before all the super earnings come into full blast hehe

@RobertWaters This may not be true for Yinson. If we look at historical performance, Yinson does not only have a low correlation with oil price, but a negative correlation with oil. Here we are strictly referring to share price, not business earnings.

This does reflect the underlying business of Yinson. It will do what it does regardless of oil price. The strongest testament to its strength is its performance over the Covid era where oil futures once went negative - yet Yinson's earnings were stable as a rock.

Armada's share price tends to move with oil. It does not reflect its underlying business. But it is a liquid stock to trade. If I want to have real direct equity exposure to oil in Bursa, there's only Hibiscus. The others goreng with oil. Previously, Dialog was given a higher valuation - Dialog is another one that has a completely different model vs direct exposure to oil.

Yinson no longer needs anymore new contract to be worth wayyy more than current price, as OTB said. However it is understood it is still keen to take up the BP contract, and maybe 1 contract a year. FPSO market has never been this good for contractors. For FPSO market to continue to fluorish and remain tight, so long as Brent oil holds above $80, it's very bullish, and at $60-$70 it really isn't an issue. This is from diverse reading and tracking historical performance.

CIMB today

The stock has been consolidating for a month after hitting the RM0.405 high in
early September. Last Friday’s long white candle pushed prices up to close
above the 20-day EMA again, supported by a higher trading volume. The bullish
gap up and coupled with the higher lows formation from the RM0.26 low, suggest
that prices may continue its medium-to-longer term uptrend.
The Moving Average Convergence Divergence (MACD) showed easing
pressure while the Relative Strength Index (RSI) has strengthened further,
keeping the positive momentum intact.
We think that aggressive traders may want to go long now with a stop-loss set
at RM0.34 (a tick below the 50-day EMA). This breakout may lift prices towards
RM0.405 and our Fibonacci target RM0.42 (1.236)

Top quality brief, better than the IB reports. Kudos to OTB

We need more investors like this to protect small investors interest

I will support the cause, let me think of some fresh points and also send it to Yinson

Well done newbie, perfect timing

@speakup but but but...if there was one PM I personally really couldn't stand, it has to be Mahiaddin

@John is here giving naysayers a chance to make 10% guaranteed profit. Money from the sky ma 🤣

Johnzhang

I hold the view that the MGO is real.
Although NA may be just $1.28 /share, the realisable market value of the assets is 2-3 times higher than NA which is always kept at historical price. So, paying minority $1.55 is real cheap. Just look at the % disposal gain Bplant earned in the past many land disposals to convince yourself. Remember that land is scare and price is high.
After GO, the assets can be disposal in smaller parcels , quicker and out of the radar of the public.
LTAT /Boustead is chasing after time to resolve their heavy financial woes and to ensure annual 5% return to members from this year. With bridging finance from the government, LTAT has no time to waste but to do the deal fast .
If monority drag the "aborted" GO to the court, the trial will derail the transformation plan of LTAT which is the last thing they want to see.

@youarewelcome88

I don't think it's possible for the Boustead companies to go bust. Politically impossible whoever runs the Govt of the day. Only possible if Malaysia goes bust. 1MDB is so much larger and we survived. Plus, Boustead group is no 1MDB, not comparable at all. Boustead...it is perhaps unfortunate for poorly management. But to be clear, I think this has more to do with Govt run entities, than race. Put this in another country with a homogenous people, the same could happen. Govt officials have no direct interest and most of them are politicians not businessmen. Boustead's problem, in a nutshell, is a case of having a huge asset base, poorly managed, complacency and mismatch of cash generation vs loans. Think of it this way...say a rich man's grandson is given a huge estate plantation. The grandson knows he is rich, he will live a rich man's lifestyle and unlike his grandfather probably lack the hardiness and business acumen. When times are good, no problem. Times are bad, he starts borrowing money to fund expenses both business and personal. Surely the banks will lend to him based on his very rich assets. So he continues to spend freely and hardly do anything to enhance his business, and never thought of saving for a rainy day, expecting that things should go on as it has always been. But then over time cost increase, trees get old, he starts running out of cash again. Banks are not too happy to lend anymore - for risk management, or in the case of Ah Longs, to steal his assets for a song. Now if his grandfather is dead, I suppose this is it - he will probably survive richer than us but that would be the end of a great family fortune. In the case of Boustead, grandfather is the Govt and he lives forever - he will fund his cashflow problem instead of allowing his assets to be taken over cheap. Rich man's son and plantation...I suppose in your mind you see a Chinese, and that's the point I'm trying to make here in response to the racist comments lol - Bousted's predicament could easily fall onto anyone given something on a plate for free, Malay or Chinese no difference. So yeah no I can't see any possbility LTAT can go bust. Worst case scenario be like Tabung Haji transfer to MOF and done. It's tiny compare to our Govt's balance sheet.

It’s a great opportunity to absorb some shares however small we are compared to the big funds…and I must say if one has a risk appetite, the warrants is very attractive. Managed to get some today on the intra day steep declines. OTB’s explanation and the link he provided is very clear. Yinson is one of those counters you can sleep with. I know…it doesn’t break until it does. But this is stock investment afterall. Such impeccable track record such robust growth, what else investors can ask for? Yinson is testament to the right use of debt. Just like buying Yinson on margin for us now 😂😂

Flip it around there is zero sense for LTAT to let BPlant free fall after all this hoo ha. Why? To buy it cheap 2-3 years later? Cannot…it looks too bad. Can even sue for breach of directors fiduciary duties - how can you reject a $1.55 offer today and then offer to buy at $0.855 2 years later?

Also, PMX doesn’t only have LTAT to take care of. There’s a reputation to maintain la.

2B peanuts to our indebted Govt. Next year cut subsidy got $ already ma. Do this, everyone looks good, everyone happy except for some people here I don’t know why lol

Bringing BPlant value back to $1.55 also has accounting benefits for Boustead to distribute dividends to LTAT and then to its members. If LTAT let it crash there should be marked to market losses in asset valuation (unless fight like Top Glove don’t impair SBB ya ok irrelevant jk) and impedes dividend distraction.

Also, this industry there are windfall sometimes. After 2021-22 they should see the huge leakage of dividends given to outsiders (us shareholders) instead of 100% to their members