Believers should be grateful for Clariden's selling. The earnings turnaround is quite remarkable, it's not a difficult bet, a little bit of patience should pay handsomely. Low risk low return la

CEO achieved what they want. No more volatility...no more hibiscus to trade, now catered for warren buffett investors, own forever, byebye Hibi

Those that went up a lot kena bomb. DNEX...been sleeping for the whole time also kena bomb 😂 but no bomb no chance, finally i have DNEX, must have some exciting counter that isn't too awful fundamentally to add some flavour to portfolio la

Bloodbath today didnt really affect Knusford. For this to come down to a point it hurts us, say 50-60c, one of the existing big shareholders have to sell. Otherwise there is simply no shares for sale. And if it comes down to that point, if we believe in LKH's merger plans, no reason not to double down 😌

Bought today...now just cross finger, no human slavery issue, no dyson cut contract issue then we will be ok

The good thing is it didn't go down today so it's a good swap to others which tanked terribly 😂

Moved my Q down today, all matched at 0.760, 0.755 overnight queue not matched haihz. This one, buy w no fear...

Zetrix is >$11.

MYEG's plan was to issue 200M tokens annually for the next 5 years so long as Zetrix is >$5

200M x US$5 = US$1B

The figure is insane, and looks so fake becasue it isn't reflected in current valuation

I think it takes a few more quarters for results to show and convince the market Zetrix is not a toy...

MoonStalker has a point on beware the market...but no point on debt loan 🤣 MYEG has one of the strongest balance sheet on Bursa, what debt loan issue 😅

MoonStalker has a point, timing of the pump yesterday coincided w penny stocks crash...which then dragged down the big movers and even blue chips. Unbreakable for 6 months, will it break 78c and then to 75c? The thing w MYEG is...at 75c, unless we have margin to the tilt, there's no worry, just buy more and be patient

Hmm .375 matched, again.

@soon let's hope so. For this one whatever I put in I am ready to lock it up until merger completion. Right now the liquidity is such that it will suck up our money lol, once buy don't think of selling just yet. Want to trade go back to Ekovest not this one

Let's send a thank you note to LTAT and Mat Hassan for protecting minority shareholder rights 👍

@mf if you still have profit to take you have been very patient lor 🤣

You must give credit to OTB in identifying value and summarising it for the uninitiated...whether or not the market recognises and gives it the due value is beyond his control

Duke highway 5B? If you include Duke 123 10B la



Squirtle

Otb buy call
Say Duke highway RM5b worth
Confirm ah

29 minutes ago

Simple calculation for Knusford as follows

Knusford net assets is around 220M or 2.20/ share.

The share split will increase total issued and paid-up shares to circa 365M from 99M.

It will then issue 750M shares to Ekovest and bring shares outstanding to 1.115B with new net assets value of 669M or pegged to 60c/ share.

If we buy at 95c today, our average cost after share split is around 26c. From here you can run simple projections...of course if it trades at 60c we make more than double. If it trades at around 30c or 50% discount to NAV, it's still 15% above our average cost (at 95c today). It'll be quite a failure if the new 450M acquisiton trades at 50% discount upon completion.

The problem with this counter will always be the liquidity discount. Even with new shares outstanding 1.115B, shareholding structure has not changed, a lot of it will be in the hands of controlling shareholders. We shall see what Ekovest does with the shares.

There is immense upside for new Knusford in that it could trade above NAV given Tunku Ismail's ownership & the ongoing Iskandar theme. Any new contracts will be huge relative to Knusford's existing market cap.

Currently details lacking, above speculation only

Hmm. .390 matched

For 6 months MYEG showed an unbreakable low at around 78c. This strong bounce is very much welcomed, I believe we have bought enough.

Sailang's TP is realistic. MYEG has been moving like Yinson, but with but usually with 20x the volume lol. Both are immensely profitable but technically weak, wait for breakout 🤞

Even at last closing of 92c the entire company is only valued at less than 92M. This means at 92c the outstanding 10% shares is worth less than 10M and among us we would have taken up a few million at least.

Profits aside I am now very curious what's going to happen next. Will sellers continue to sell ahead of share split? When will sellers be exhausted? There's really not much left

This is a very small counter. As at 30/6/23, the Top 30 collectively holds 89.15%. I am not sure who will be selling given the impending exercise. To begin with...the people who owned Knusford back then, do not appear to me as active traders. Who could have seen value before the exercise?

I certainly played my part in pushing it above 90cents, let's Ong together otherwise I die first 🤣

Hmm .375 matched

Moving. Net Cash/ Share 0.680

but no catalyst to sailang la 😂

sailang I think if index keep going up and everything else keep going up, this one will succumb to upside pressure as well and break out abruptly

This counter...I can't make money, s3upid i know lol. When it broke below 76.5c I ran without hesitation and swapped all to Ekovest. Had I held back, this one did better than Ekovest. Even then I knew it was wrong to sell, but couldn't overcome the fear on valuations for this counter

Oh no. Sold everything at 60c 😂 Looks like I will be forced to buy back at 66c? Goodluck guys this has been a very very very good ride, thank youuuuuuuu

Permutation, it's bullish, they sold before it went up or, it went up despite their selling - Bullish 👌

For a counter of this size Yinson's volume has always been low. Low when it rises, low when it falls.

Management please try to address this issue...look at YTL now, and as always MYEG.

If only Yinson has this kind of volume it should easily hit analyst TPs 😃

Yinson staging 2nd attempt now. Breaking 2.59 will be very bullish?

Anyway, with property construction and YTL run, they should lend us patience to wait on this sleeping giant




OTB

The share price of Yinson must close higher than 2.50 which is the 200-day SMA.
20-week EMA is at 2.47.
Weekly MACD is a buy signal now.
TA is still weak.
Thank you.

1 week ago

Turning point was when our beloved new Agong spoke. Daulat Tuanku 😂

Melting up for distribution

Still, beautifulllll

Yinson and KLSE have been sluggish for so long it's hard to believe, but the stars are aligned

Still very early, but for a long time now, it will be nice to see a confirmation of breakout and a sustained new uptrend

This would sound ridiculous and disillusionary but why do I see a super large pennant starting from mid-Apr till now 😂😂😂

To quote Mr Koon Yew Yin: I am obliged to inform you that I am heavily invested in Yinson which is a multi-B company and do not need you to buy to support the price 🤣🤣🤣

If Yinson tumbled because of endless rate hike fears, this is it

Increasing volume and BQ becoming fatter

I don't usually like breakout trades but chart wise, the stars are aligned. We just need a little nudge from anywhere and the tide could turn

Choivo

Correct, as you said, 6x gearing for 10% premium at today's price. I'll take it lol

Results due tomorrow, mother share movement indicates no surprises...warrants...low liquidity causes this volatility

Well, for other counters, news like this is big news. For Yinson apparently not much of an event. I think it's a meaningful plus - vouch of confidence by the banks and cashflow wise. Yinson's business is much bigger than its market cap. Reminds me of MMC...

https://theedgemalaysia.com/node/693546

Daulat Tuanku.

Yeah you're right jackson, forget what I said about small market cap, it's always misleading to amateurs like myself 😂

HSR will benefit Iskandar landowner more than the contractor who will build HSR. Having that said HSR revived, landowner contractors developers heck even retail sector will rise

I don't know about you but looking at the facts, this counter can allocate some funds and see how it goes. Never blame the sharks...thank them for giving us the opportunity to buy more at or below recent placement price

Don't forget how Ekovest shares collapsed when HSR was terminated. Therefore with Johor Sultan's blessings, the reverse could be true

That's incorrect RR...HSR is definitely a big+ to Ekovest

HSR does more good to land value, or sentiment and perception thereof, of Iskandar landbank

With the impending corporate exercise, other than UEMS who is the largest purest landowner in Iskandar region?

Good counter, but these days trading range so narrow nothing to trade.

Market often reacts before announcement. Recent clear examples, YTL, even UEMS, even Ekovest. AQRS however, really shows no insider movements i.e. it shows no indication AQRS will be getting anything soon at all.

However, market cap is so small, small volume can spike the share price. Really hard to tell, and really a small cap counter. Who was buying it so heavily from 37-40? I was able to constantly sell at 38-39 for days at that time. Later on I would easily buy back at 36 and resell at 38. What's the operator doing? No idea. After the crash, there was a day they keep taking up everything at 35, before pushing it down to 32.5. Becauuse it's small cap the margin is there, what's their game plan?

Another is Temasek station reinstatement. This was AQRS's job which was slashed. It's odd not to give it back to AQRS. But if AQRS doesn't get it, it really shows that AQRS is quite weak already

https://www.astroawani.com/berita-malaysia/kerajaan-pandang-serius-kelewatan-pelaksanaan-projek-pan-borneo-di-sabah-449203

Anwar is shouting at Sabah to expedite Pan Borneo works. To what extent they can implement remains to be seen. This is one of the most visible catalyst to rerate. AQRS-Suria Cap JV still on? Unknown. JV better, Suria is local, Sabah is very protective of locals. Anwar wants transparent tender - this is definitely good for AQRS. There are not that many contractors who has the big infra track record. AQRS's chances ok. AQRS's pre-cast fab plant JV w Sabah Econ Board. IF these 2 parts don't give AQRS...well it remains a fair chance they don't get it - last round they got nothing. Hopefully Anwar effect means Sabah can prioritise transparency and fair tender over cronyism

Permutation

If Yinson is going to be flat in 2024 as well then the mother share would be a better choice?

44 minutes ago



1) I look at it this way...below 0.500 I will exercise it for around 2.80. I am ok with 2.80 for Yinson. Just have to make sure got enough money to exercise since as it goes down I may buy up millions and then the exercise cost will run into tens of millions lol

2) Yinson is low dividend yield this is good for warrants

3) Yinson warrants is fairly liquid

4) A counter like Yinson should not ordinarily have warrants. Blue chip counter with this type of warrants is rare.

So I think, warrants > mother share, especially now

We must remember warrants premium increase as mother share falls, and usually narrows as mother share rises. So we can't value warrants based on a fixed premium

Quote !!
Our KLSE has not performed well over the last 30 years.
I still remember FBMKLCI was at a record high at 1,332 in January 1994, the FBMKLCI increased only 100 points until 2023.

JSX or Jakarta stock market (Indonesia) has increased 650% in the last 30 years.
Really very disappointed with KLSE, the worst stock market in the world.
Unquote !!




This thing has been bugging me too. Why KLSE performs so poorly. The weak ringgit makes it the more appealing to USD investors at this stage. For a moment, we saw some light. There was a property and construction run, there were privatisations, BPlant, UMW. Market was moving in the right direction for a while. Meanwhile Anwar is shouting sky high figures he secured going on world tour. So, where are the foreign investors. How does Anwar intend to implement execute the local projects?

If Anwar disappoints, sigh. There'll come a time even the last of us stop hoping and move everything to overseas investments, it's just a click away barring capital outflows rules...but if the last of us do leave, that will be the time the market comes roaring back lol

I can't remember the last time we can play breakout on KLSE...trends dont last. Maybe UEMS YTL, but that's about it. Sad.