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2021-05-06 12:05 | Report Abuse
Btw, i am not calling buy on Sapura cos Sapura OMV is just part of Sapura. I am eyeing Sapura
2021-05-06 12:04 | Report Abuse
Firehawk. O&G has recovered and will strengthen more, no doubt. Immediate beneficiaries are top Hibiscus and Sapura thru Sapura OMV.
Now for those involve in maintenance and services, yet to be seen. My favourite in O&G maintenance is Dayang and they are loaded with jobs now. However, their margin will be squeezed due to extra cost from pandemic (eg. Dayang is putting their offshore workers in hotels long term due to pandemic and interstate travel restriction etc) I won't buy Dayang at current price personally.
2021-05-06 11:09 | Report Abuse
I notice Sealink is actively traded recently. I don't know what's the news but for benefit of JAKS forumers, if you wanna buy Sealink as investment, i suggest not.
Sealink's main activities are ship building of mainly O&G vessels and chartering. For O&G chartering, even when O&G recovers, which already begun, Sealink vessels already obsolete and can't be chartered unless upgrade or refurbished. So, whatever assets are worth shit. As for ship building, that's still a ray of hope but Sealink mainly build their own vessels.
Sealink major shareholder should be about 80. His successor? I am not optimistic
Do read audit firm's report on Sealink being going concern
2021-05-06 11:01 | Report Abuse
MiaoMiao7. I agree with your arguement. Typical dodgy company, the controlling shareholder won't increase their shareholding substantially. However, i had a check via Bursa Malaysia company annoucement and the only news i saw on Karim actually was him selling shares, not buying. Now, i presume your arguement on Karim buying is via simply wall street? I have seen reports in simply wall street. I believe simply wall street reports are done by AI. My understanding, could be wrong, any majority shareholders with more than 5% need to inform Bursa for any buying or selling of shares. I can see EPF, KWSP but not Karim. You can use link below to find any companies official annoucements
https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=&sub_type=&company=5279&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=
As on your arguement about EPF done their due diligence. I am not EPF so i can't confirm but i doubt they do that. Even analysts that write report, most based their report on company management guidance. Eg. if you bought Yong Tai based on analysts optimistic reports, you would have lost your pants/dress. Simply because Yong Tai management has an optimistic projections on visitors number for Impression Melaka? Now, i am not in tourism business but i can count 5 fingers successful tourist attractions in Malaysia? I don't blame those analysts because most are young fresh graduates. (Hopefully not paid by anyone to write reports. This is fake news ok)
As on TG, i agree TG is a good company. However, worth buy or not depends on valuation at certain price. I don't post many comments and you can see that i suggest forumers to allocate 10% of their investment to glove companies in April due to uncertainty of covid. As on TG boss buying his shares, now this is my personal speculation. I speculate he did it because TG almost became biggest company in Bursa. It's an ego thing. Otherwise, why did he buy most when TG price was at the peak and his purchase reduced during March/April low? TG is a good company which i am monitoring
2021-05-05 15:41 | Report Abuse
very boring for JAKS shareholder so spare me some time to promote BAT.
Although i am not a chart person but i believe actually BAT share price shows a lower low and higher high chart? Now enough with technical. let's talk fundamental
As recent as Jan 2019, BAT was selling at RM31. Now, it's less than 50% at RM14.56. Now, my understanding is that BAT profit takes a hit because of 2 issues. Nothing to do with change of customer habits
1. Illegal cigarrettes
2. e cigarretes
Now i know that BAT has or gonna launched e cigarette. Any sucess will be an added bonus because before this they were zero. And i know it's a good move because i saw many people are smoking e cigarettes nowadays.
As to illegal cigarrettes. I honestly not sure if authority has improved on their enforcement? As per BAT's MD interview, Malaysia's contraband cigarettes are highest in the world. Now, that's what i called Malaysia Boleh!!!
So, i bought BAT because i was trying to bottom fishing and betting that since Malaysia already No. 1 for contraband cigarettes, we won't wanna pursue further for super No.1 . So, any % drop would be a winner. So far, the share price seems to be proving me right leh?
In conclusion, assuming that Malaysia can slightly drop from No. 1 spot in contraband and BAT having some success in e cigarette, then hor sey liao lah.
Don't say i don't show you any shares to buy ah. Of course la, i don't need your money but if you could help push BAT up further and help my retirement, i TQ.
TQ for reading
2021-05-05 15:05 | Report Abuse
SSlee. What's the funding gotta do with my 2 concerns on Serba?
My concern is whether the project or contracts are genuine or not and not funding.
When i read listed company annoucements, 1 very fast way for me to conclude whether i should further study the potential are contents of the announcements. In general, reputable companies would annouced contract awarded by which company right? Those that don't provide names or with names i can't find much information with google, then i immediately conclude it's fishy.
So, Ageson annouced billion dollar sand contract but the awarder can't find much info online. I say they are conman. Vivocon annouced huge sand contract too but it's a reputable china company. So, i am not sure whether it's a con job not. I did buy.
In fact, even though i am not an accountant, 1 way to find out is by cashflow and debtors. If show profit but all stuck inside debtors or low cash flow, it's a warning sign
2021-05-04 20:03 | Report Abuse
i have added some additional comments targeting SCIB in my blog. When you find regularity in irregularities, you need to work on me. I believe this is what audit 101 teaches which i failed in UNI haha
2021-05-04 15:59 | Report Abuse
Souljaboiiii. Sorry, i can't justify as i won't elaborate here. I am in O&G business and i am not here to make Serba my enemy. Simple thing is for Serba shareholder to query Serba management why it was not revealed Karim interest in Block 7? And if Block 7 info being "dissolved" true?
Just as i can't justify to you Dayang and Sapura are well managed company. It's all from personal experience. You can never judge management of company on audited account. i3 forum can be a more productive place if forumers from their industry can contribute their expertise instead of just chanting up or down
2021-05-04 09:40 | Report Abuse
If you are Serba shareholders, it's your right to get this clarify. Your financial health in your own hand
2021-05-04 09:40 | Report Abuse
Windy1974 MiaoMiao7. Exactly as i read in theedge. Are you a shareholder of Serba? If yes, you should ask Serba to clarify the 2 points highlighted?
1. Is the Dato really the owner of Block7? If yes, it was not disclosed in the news.
2. If Block 7 being dissolved, very soon you will receive a news on cancellation of RM7.7B project. You wanna find out later or now?
04/05/2021 9:39 AM
2021-05-04 09:39 | Report Abuse
MiaoMiao7. Exactly as i read in theedge. Are you a shareholder of Serba? If yes, you should ask Serba to clarify the 2 points highlighted?
1. Is the Dato really the owner of Block7? If yes, it was not disclosed in the news.
2. If Block 7 being dissolved, very soon you will receive a news on cancellation of RM7.7B project. You wanna find out later or now?
2021-05-04 09:34 | Report Abuse
Firehawk. TQ. Since you are shareholder of serba, suggest you to shoot them an email to explain on such allegation. Indeed, the financial impact on you might be negligible but if this is true, then it will cause a lot of losses for a lot of people. Not only financially but also in their life.
Taking financial losses because i choose the wrong company to invest is different from a company that's out to cheat. That's a crime. I personally saw how my father had a big chunk of his hard earned retirement fund vaporised in the 90s as a newbee. Tilll now, he still feels the pain. Needless to say, he invested in goreng stocks.
2021-05-03 19:28 | Report Abuse
Benny. Sorry, i tried google but couldn't find how much steel was used to build JAKS power plant in Vietnam. But indeed you are right to say that JAKS related to steel. Without steel, power plant can't exist
2021-05-03 16:37 | Report Abuse
do read my serba post especially if you own serba
2021-05-03 16:36 | Report Abuse
do read my serba post especially if you own serba
2021-05-03 16:33 | Report Abuse
do read my post on serba especially if you are shareholder
2021-05-03 16:33 | Report Abuse
do read my post on serba
2021-05-03 16:32 | Report Abuse
do read my post on serba dinamik
2021-05-03 16:17 | Report Abuse
i can have as many zero at the back as i want. If at the end it's all just on paper
2021-05-03 16:16 | Report Abuse
SSlee. Haha, i really don't understand statutory. However, right hand awards left hand? Would you buy my company because my left hand award my right hand company RM100B contract?
2021-05-03 15:39 | Report Abuse
Sslee. Now, i have open the worm can. You can dig into the details. This is protecting bursa investors
2021-05-03 15:28 | Report Abuse
i know it's not Serba forum. But i reckon it's important for Serba shareholders to read my blog post on serba
2021-05-03 15:26 | Report Abuse
do read my first blog ever. On serba. Especially if you own serba shares
2021-05-03 15:25 | Report Abuse
Do read my first blog wrote on Serba Dinamik especially if you own their shares
2021-05-03 14:23 | Report Abuse
Sslee. Seek your advise. I wanna start 1 blog in i3. Blog title i know but blog path? Description is where i input my blog right?
I feel ashamed don't know how to write blog haha
2021-04-26 11:22 | Report Abuse
While i don't know how much longer commodities gonna run, probably a lot longer. I won't buy below 3 companies because of these reasons. I understand Calvin logic behind buying these companies, which should have lower PE i presume? Sorry, i didn't study in details and just a quick guide.
1. I presume THplant and FGV both GLC? 1 rule i have is not to touch GLC if i am looking at long term investments. I believe you have seen enough scandals with GLC to know why? Even i got the privilege to run GLC, i don't mind doing it for free cos i will become very rich anyway wink wink
2. Jtiasa. Cautious with 2nd generation successors. Few succeed (eg YTL) but majority are embroiled in power struggle. When everyone is busy with politic, you think they got time to care for the long term well being of businesses? That's why i miss Dr. M. From my memory, his dictatorship period was the best economically for Malaysia. Changing PM every year won't bring Malaysia anyway, no matter who the PM is.
calvintaneng Paktua73
Now CPO price has gone into World record high
Remember you did very well buying Hlt during Glove Bull?
Now Paktua73 must not miss Palm oil bull run
Go buy Thplant, Jtiasa or FGV now
2021-04-21 11:22 | Report Abuse
Yes. if i run JAKS i would clear off all accounting negatives and show big profit in upcoming QRs. I believe we are heading there...That's why i bought a lot. But definitely no where near paktua la
2021-04-21 11:20 | Report Abuse
paktua. Are you sure you were not the one pressing down the price to collect cheap kah haha
2021-04-20 17:07 | Report Abuse
I agree SSlee.I don't understand accounting but from what i understand, JAKS is trying to write off bad investments and won't affect future earnings? Of course, if it involves any wrong doing, it's rightly so you raised your concerns. However, sorry for me to say, i couldn't understand your arguements. I might be the minority, if i am the majority, then how would you gain support from JAKS share holders.
Your cause is noble but why just stop at JAKS. They are many goreng stocks which the exurberant prices will damage the players? If indeed JAKS is so bad and try to con me, i say i would lose 30-40% of my investment cos Vietnam PP gotta worth something? Whereas many goreng stocks, some with animal names even haha, worth 0? Now, if Airasia can't survive, at least they fight right? Those goreng stocks they do plan, but for their own pockets. You should fight for the awareness for the newbie in bursa. They are gonna lose their life savings.
Btw, i do appreciate your comments on AA. I have exited AA. Covid is so uncertain. I would be lucky to fly domestically from August onwards. Internationally, 2022 finger cross.
2021-04-20 16:42 | Report Abuse
Wow, Sarifah macam business woman or accountant ni. SSlee, it's good that you raised your concern but in this case i tend to agree with Sarifah. In life or investment, the hardest thing is to admit defeat due to our ego. I won't invest in JAKS if not because of Vietnam PP. Obviously, ALP sucks at property. He can blame it on market timing but i know many veteran property developers actually turned cautious before 2014. Of course, if you are a listed companies you react differently than a privately held company. I see no problem with the disposals and in fact i am happy. As i stated earlier, JAKS tolong please don't do property again. That might increase overall profit but it's a big MIGHT. Just give me Vietnam PP that's all. MFCB has created 1 of Malaysia richest man and hopefully JAKS will make ALP next and i tumpang belakang sikit.
Many goreng stocks have halved in value. So, are you gonna hold or admit defeat? It might go up, noone knows. However, from me being 1 that used to play goreng stocks, my experience told me that over a time span of 5 to 10 years 1 bound to lose their pants in goreng stocks overall.
I have heard many overnight millionaire stories in Genting but they all now already cabut from loan sharks
2021-04-10 17:00 | Report Abuse
Sslee. Please don't take offence. I hardly could understand your arguements. Below are my queries whenever i see you wrote.
1. JAKS really did breach the rules? Since SC also ignored you. While you are a senior management yourself, doesn't make you understand company laws. I would consult auditors or lawyers friends before i would make such post. I honestly not sure if JAKS did breach rules or not by reading your statements.
2. Please summarise your points that you wanna bring out. I prefer reading summaries.
3. If indeed auditors and lawyers find ground, tell JAKS shareholders what action we can take. Eg. draft a letters and get us to sign petition.
Otherwise, your fights won't interest me, at least
2021-04-08 16:16 | Report Abuse
The night is the darkest before sunrise. Just like gloves haha. But i sold my Topgloves la since i reckon it runs too fast la. Shorties kena squeeze.
2021-04-06 18:27 | Report Abuse
DK would be an ideal candidate but i doubt he wanna be elected. You have no accounting background is ok, i am sure there are such expertise in JAKS share holders? 50 share holders should be easily done thru DK private chat group? Next is to gather the % shareholding to vote you in. All such procedures DK private chat group should consult DK. SSlee, you can make the process easier by having documentaations done and just get people sign. Yes, leceh but you wanna fight for minority interest then now is the time. You might be stated in Bursa history as the first success.
2021-04-06 14:49 | Report Abuse
with pak tua no need others already exceed 10% shareholding lah
2021-04-06 13:12 | Report Abuse
SSlee. If you can gather enough (10%), i will vote you into BOD to protect our interest. Any companies wanna have long term investors need to have a dividend policy. That's why i choose Topglove over others in gloves. At current price for TG, investors should consider allocate a portion of their portfolio to gloves (up to 10%??)
I read that, Covid high chance to mutant new variants every 10 months and gloves could be a hedge for anyone's portfolio.
2021-03-31 10:21 | Report Abuse
Those with negatives comments. You are trying to help AA investors to see the reality or you are just happy to see people losing money? If you are the latter, then you are just as noble as the datuk seri
2021-03-31 09:38 | Report Abuse
Sslee. TQ for pointing out the risk of AA. You are pointed out facts here. Analyst did give credit to AA's online business valuing it at RM2B. As TF himself said, he projects online to contribute 50% of income by 2025. While there's potential, that's another 4 years away. And digital banking is still another year away. So, anyone who wanna buy AA needs to be patience and also make sure got money to subscribe to RI.
Today read in Sinchew daily about the infamous Datuk Seri and interesting links to MACAU. Many penny stocks have dropped more than 50% from high and i believe more to come as these companies are worth 0. Our IGP said many enforcers are involved. Not surprising right? How about our Securities Commission? Hmm. I predicted many new retail investors will suffer big losses and i believe they already are now. Will get worse. And there ain't anything anyone could do about it.
2021-03-30 15:01 | Report Abuse
qqq3333 seems like you have a personal vandatta here. Fine but let's attack with facts. If you are an environmentalist, fine. But how's it gonna affect income of PP? Ya, pollution for another 25 years, so? How is it gonna affect the profit for next 25 years?
qqq3333 in stock market, its called anticipation not what OTB says.
construction profits no more....difficult to see meh?
reversal of profits to minority interest cannot anticipate meh?
the future, not as bright as u think...The power plant will give RM 150 to 200 million profit for the next 25 years....in your dreams lah, OTB.
coal plants are no longer as viable 10 years ago.
coal plants are no longer the cheapest source of electricity....some more, so damaging.
ESG investors are more and more significant force. ...u think people still stuck in ancient times like OTB meh?
no capacity for anticipation, plenty of capacity for finding excuses, good enough meh?
2021-03-30 13:10 | Report Abuse
Wah. i am not an accountant, why are they losing so much?? Any accountants to explain?
I read someone commented PP 1 month 1 turbine 7.5M? Based on what statement? If true, then RM180m profit a year closed to DK calculations.
As i said before, if everyone not happy, we can have a EGM and vote me as CEO. i take RM50k per month and nothing more haha. Otherwise, we can grumble till kingdom come also nothing gonna change. Well, i reserve my judgement yet on ALP. At least he didn't come out in the media and tell you exorbitant projections right like many CEOs in KLSE?
I have learnt in life that a friendly guy not necessary good and a quiet guy not necessary bad
2021-03-28 19:22 | Report Abuse
Good to see forumers with integrity here like humbleisland & ykyew. Showing facts despite it might be negatives for AA.
First quarter 2021 almost gone. Yet again, i have to scale back on my travel plans. I suspect the earliest possible for interstate travel will be before Hari Raya? That's because government won't dare pissed off the biggest voters in Malaysia. Same as reason why now Sarawak Covid cases are champion. Sarawak govt dare not forbid the Dayak's funerals becasue they are the biggest voters in Sarawak. The crucial question for me now, govt gonna expedite the vaccination program? At estimated 100k - 150k vaccination per week, anyone can tell me how long we need to reach 70% population target? Sorry, i failed my SPM maths. Malaysia govt have many good ideas but execution always screwed up.
I would like to list out the positives and negatives for AA.
Positives
1. AA will not bankrupt for sure.
2. Vaccination is here. We will get to 70% eventually...
3. Their digital businesses our cashflow positives
4. They are going for digital banking license
5. TF is a great entrepreneur/survivor
Negatives
1. PP & RI is inevitable. Meaning that future earnings will be diluted by 40% minimum assuming that AA won't get additional income revenue.
Potential
1. Digital businesses. It's very competitive so potential earnings yet to be seen
2. Digital bank. BN gonna annouce winner early 2022
3. Potential higher ASP for seats in 2022 when demands for air travel return
All the sudden TP for AA now RM2, RM4 and RM5. My TP? RM10,000. What?? RM10,000? Why not? Kaki kong, kaki song
2021-03-16 13:19 | Report Abuse
haha. I know Marubeni. I am referring to 5 years make money 15 years losses?
By your logic, if i were OSK i won't finance solar land too. If solar farm lose money the owner won't be able to pay loan or rent too right?
Or probably you are like your nickname, Sin Gor
Stock: [JAKS]: JAKS RESOURCES BERHAD
2021-05-07 13:07 | Report Abuse
SSlee. I agree with JAKS reply to you.
Btw, apart from JAKS, do you question other listed companies? I still don't see any wrongdoings in JAKS yet but i can see so obvious misconduct in other companies. If you just raise your queries to JAKS, that's not called advocating shareholders rights. That's selective and i would have to question the genuinity of your concerns