Windy1974

Windy1974 | Joined since 2018-01-26

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2020-08-26 19:59 | Report Abuse

Sold all at 0.24 because that was the previous high before i saw the change in major share holder. Felt i sold too early if it's Regal Orion that take away but then bursa announced new director related to Lambo & Vsolar. Guess it's yet another speculative play. Hence, no regret. I am not discouraging you from speculating since it's your money and your rights. I will be happy if it goes up since i got 100k stuck cos i am applying margin financing

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2020-08-18 08:49 | Report Abuse

Malaysian BOLEH. There are many sifus in Malaysia now. Especially after facebook was born. I really wonder how Malaysian thinks? If a fund manager managing billions could lose money and yet could come out with intelligent arguements you don't believe, yet you believed in Malaysian sifus who showed off their LV and Prada??
I am a regular in Genting till Covid 19. Many China Doll likes to sit down and teach me how to play Baccarat. The longest winning guess was 10 hands for them. Then they would tell me, c, c, don't listen. I just have to do one thing to shut them up. Lady, give me what you have worth on you and i will give you 50% discount in chips. You win, you take all winnings and give me back my chips. You lose, i take your belongings at 50% worth. That will shut all them up.

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2020-08-16 21:19 | Report Abuse

o. Btw, i am here because i day traded INIX on friday. I in & out twice, both time 40k shares. Yes, i do speculate too but with less than 5% of my funds in Bursa

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2020-08-16 21:16 | Report Abuse

Mr Bean. I sympathized your losses. Obviously, you are a retiree. I believe, when this bull market ends, many people would have lost a fortune. Just remember, high risk, high gain. Low risk, low gain. No such thing as low risk, high gain. Bursa Malaysia retail participation has been declining since year 2000. Not since the 90s, there are such retail interests and so many newbie in the market. If you read the star today, you would read many red flags Eg. MOU annoucement by many listed companies.
I understand that TopGlove Datuk Lim would be sharing about his insight into glove demand. While i don't know the future prospect of gloves, i am sure he does, he highlighted an important point. Why buy a new entrant to glove industry if you can buy established glove companies? Top Gloves has a market share of 25% in the world. Well, it's because you are greedy. You want 2000% return. So, most important, do we learn from our mistakes in life? No mattter how much you lose, it's not the end of the world.
I myself was badly burnt, i hope i had paid my fees and learnt my lesson. I hope you do too

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2020-08-04 09:30 | Report Abuse

AlfI3, if you wanna get con, please come to me. I will at least rebate you 30% of the conned amount

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2020-08-04 09:29 | Report Abuse

be careful when anyone offer you a yield more than FD and yet claim it low risk. The last time someone told me such investment, i told him i just want 8%, anything extra he takes. On condition that he caveat his assets (properties) for the amount i invested. His balls straight away shrank

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2020-07-28 18:54 | Report Abuse

i concur that AA won't collapse. However, it doesn't make AA a good buy. If you buy stocks based on fundamental, then you would look at AA's PE. By having right issue, AA shaeholders will face dilution of their potential earnings in future. How much AA is worth really depends on how big the RI gonna be. As for recovery, i was optimistic during the RMCO but no more since Covid cases keep rising even in summer. Ask your friends, are they flying?
Before Covid 19, i take on average more than 100 flights a year. Now? I have 2 upcoming trips in September but now might abort it due to increase in cases. I personally not concern but my family members are. So, i won't be flying. For me, 2020 is gone as far as holiday is concerned. As for work, till now, cistomers don't wanna meet in person, so no point travel. AA would have to suffer for another 5 months minimum

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2020-07-28 18:30 | Report Abuse

To be fair, if JAKS could make RM200m a year, CEO package of RM2mil is not high

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2020-07-28 18:30 | Report Abuse

If i can be voted in, i will buy back JAKS shares haha. But corporate raid rarely successful in Malaysia

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2020-07-28 18:28 | Report Abuse

i volunteer to be the CEO with an annual salary of RM500k and less than RM100k expenses. 90% dividend payout and cease all other operations. Wanna vote me in? :)

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2020-07-23 10:50 | Report Abuse

30 sens to limit up

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2020-07-21 20:47 | Report Abuse

DK. Of course. I agree. I bought JAKS at average RM1.60 because of JHDP. Without JHDP, i won't even pay RM0.50 for JAKS. Now, at RM1.60, i was expecting RM5 TP. RI is good if the amount raised would generate better return for future earnings. However, when i paid RM1.60, i was already paying a premium for the future earnings. Now, a slight dilution in 2018 could be forgiven. But with this RI. The potential return is drastically reduced. No more Miss Universe. Hopefully, Miss Malaysia. All the best

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2020-07-21 20:27 | Report Abuse

cckiong. Sorry, i won't reveal my TP here. I am not here to press down JAKS price. Just wanna highlight facts. My TP will be subjective.

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cckiong Windy1974: what’s your target price to reconsider jaks? I am thinking of 60 cents
21/07/2020 7:56 PM

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2020-07-21 20:25 | Report Abuse

Sorry, when i said cost me RM6.51m, i was using RM1 cost as example for easy calculation purpose

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2020-07-21 20:24 | Report Abuse

DK. I reckon your calculation is wrong. You can provide a calculation to prove me wrong otherwise. Let me put it another way.
When i owned JAKS before the latest proposed RI. Consider i own 1% of JAKS shares and would be entitled to 1% of RM250m profit. That's RM2.5m. With 651m shares in JAKS, it would cost me RM6.51m to make RM2.5m a year. Agreed?
Now, with the latest RI annoucement which i didn't read details, the number of shares become double? Triple? Let say double, now 1.32B shares and the RI at RM0.20. I will have to come up with extra RM0.20 x 6.51m shares = RM1.32m extra to own same 1% of JAKS. Now, it will cost me RM7.83m to make RM2.5m a year. Agreed?
FACT: I will need to inject more money to make same amount of money from JAKS. You can only argue that last time 200% potential return, now 150% potential return still good. But fact is, potential return will be less.
After reading ALP interview, 1 additional disturbing fact he highlighted. If you believe what he said, he said 50% of JAKS earning would be generated from JHDP. If he is right, only 2 possible scenarios.
1. JHDP profit RM250m and rest RM250m. JAKS annual profit RM500m
2. JHDP profit would be substantially lower than RM250m based on JAKS property/construction business track record.

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DK Windy1974, I m referring to average cost per share. If your cost is RM1.00, your average cost will be lowered to 0.523 per share after right issue. So, while the TP will be diluted, your average cost will be reduced as well.

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2020-07-21 10:12 | Report Abuse

DK. I understand how you feel. I hold JAKS at average 1.6 and i was looking forward to JHDP to prove myself right. Even when JAKS announced RI in 2018? And my logical brain told me it would drop, but my emotion brain still asked me to hold on. I currently hold no JAKS as the RI announcement for me was the final straw.
I disagree the RI will lower your average cost. Previously, you pay RM1 x 100 for 1 piece of cake. Total cost RM100. Now, assuming you pay half price for the RI + free warrant, no matter how you calculate, it's still gonna cost you more than RM100 for the same piece of cake. It's only good for those who didn't currently hold JAKS shares like me. If JAKS drops to my target price, i might consider give it another chance. Otherwise, i would give it a miss.

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DK Windy1974, thank you for your advice but I will stay at least until JHDP releases it results and proven me wrong. It is about believing in yourself. Never give up halfway.

Even though there will be dilution in shares but the Right issue will lower your average cost.

I have advised my group members of my final target price based on warren buffett's owner earnings.

I have yet to decide whether to share the article in this forum since most ppl here will not be interested anyway.

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2020-07-21 09:19 | Report Abuse

Stocks i bought recently. DRBHICOM because of Proton. GCB because of constant growth in cocoa business. Hibiscus because it has good management and cost conscious employees (from personal experience dealing with them), Muhibah because of their consistent income from airports. Tourists growth is a given in the long run. Yinson. Because it's a safe stock

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2020-07-21 09:13 | Report Abuse

In life, it's so hard to be objective. We always wanna believe what we hold true to. Irregardless whether it's investment, politic, business or relationship.
If 1 genuinely believes in his investment, he is not a crook to share his views with others unless he did it knowing it's not facts.
DK. As you highlighted previously, you wished people to highlight your wrongs. Assuming the power plant earnings will be RM200 to RM250m as per your projection, valuation of JAKS no longer hold because of the dilution in shares. What would be the new target price and what's the potential gain from current price?
With the Covid 19, i reckon there are many stocks that could gain 50 to 100% once their business earnings back to normal. Personally, i reckon that would be a more predictable results, as the results were proven.
Do consider divest.

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2020-07-06 11:04 | Report Abuse

This morning read The Edge about Farlim being a net cash company and market cap of RM43m. First thing, i went and read 2019 annual report. The founder holds at least 47.5% of Farlim not counting friendly allies. For those who dreamt of getting a piece of the RM70 over million cash, you can dream on. You know if i was the founder, what would i do? I would draw a substantial salary every year till the RM70 over million dries up. Not a bad deal, since for every RM1 i make, RM0.50 comes from those dreamers.

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2020-06-24 10:44 | Report Abuse

Mabel. This will be my last comment. If you genuinely think that the research TP given by PublicInvest is based on Technical Analysis, then to a certain extent, i won't say you are misleading. However, if that's your understanding, and you seriously think you are investing and not gambling, do spend time and read about Fundamental to stock selection or just google fundamental analysis on stocks. I considered myself an investor and have been investing for 27 years and yet i am still an amateur when it came to investment. If you don't read and understand, you are putting your hard earned money and your future at risk. I have made terrible mistakes in stock market and i am the lucky one to survive. Good luck

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2020-06-24 10:27 | Report Abuse

Mabel. You can state your honest opinions and there's nothing wrong about it. Even if you were wrong it's only fair if you stated your HONEST opinion. I am highlighting you misquote Public TP of RM3.15 when it's obvious that they update to less than RM1.30 now. Now, that's called liar.
JAKS is not doing well and i honestly thought of it's good prospect. I was wrong. I genuinely believed in it and asked my friends (not in i3 forum) to buy.

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2020-06-24 10:03 | Report Abuse

Mabel. Are you in the O&G industry? You talk as if you are an expert but your comments obviously show you know nuts about this industry.
First, i would like to clarify. Dayang is a good company with good management. It's a company i would invest for long term.
Though i seldom like to comment, i come here today wondering why Dayang's still up after they given an HONEST future business outlook. Of all the research analysis, i consider PublicInvest to be one of the better one. You tried to quote PublicInvest TP for Dayang of RM3.15?? You don't see latest PublicInvest TP on Dayang meh?
I am in O&G business and anyone who said this industry is ok is either outright dumb or liar. Why are you?


PublicInvest think FY20/21 forecasts higher by 3.3% on average, with adjustment made to profit margins for its existing work orders. We also make adjustments to our full year FY19 projection by +29.3%. We derive a new TP for Dayang of RM3.15, based on 14x PE multiple over FY21F EPS of 22.5sen. Given the fair upside potential and positive news flows, they upgrade to Trading Buy.

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2020-06-05 22:28 | Report Abuse

musang. Last week i told JAKS group to buy Airasia because economy reopen. Make your money in airline first while you wait for your gem JAKS to rebound end of year.

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2020-06-02 11:42 | Report Abuse

bfg9000. Minority shareholders rights are often ignored in Malaysia because 1. authority don't care and 2. Minority shareholders don't care.
Most retail participants in KLSE are speculators and not investors. Those old timers in their 50s and above who was slaughtered in 1993/1997 was gone and now seems to be a new generation of them since the Covid 19 pandemics.
Don't try to change the culture, you are better off changing yourself


bfg9000 Bro Windy1974 - wishing you all the best to build the base for your move. For one I am firmly in the "Anyone But Andy" camp here and you for sure can get those meager voting rights I have if it comes to that. The current management handled communications really badly, all decisions are not rationalised to the shareholder, information kept in a black box and dilutionary corporate exercise hold at the worst timing in the market.

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2020-06-02 10:07 | Report Abuse

Philip. I was pulling everyone's leg lah. I won't get enough support as you highlighted. Maybe OTB can lah. Mathematically, it could be done. From paper, ALP seems to hold less than 20% shares? Of cos lah, don't know he got how many nominees and allied. Management taakeover hardly successful in Malaysia and i won't waste my time doing that.
RM600k per year is a lot of money but i was comparing relatively. If JAKS could earn RM200m a year, won't you give thumbs up to CEO only making RM600k?
Yes, i am 46 years old and am a businessman. Not claiming i am a very successful one but if PP already in place and run by China conglomerate, the least i do the least damage i bring to JAKS haha.
FYI, i will buy back JAKS at 1 stage. Not to show off but my total holdings consider top 30 shareholders

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2020-06-01 22:00 | Report Abuse

Philip. Indeed the management was not acting in the best interest of shareholders. For self interest? FYI, i have sold all my JAKS shares due to uncertainty. Only holding 150k of JAKS-WB now at 0.623 everage price.
Let's see what happen...
If all DK66 followers willing to support me, i will be a dumb CEO of JAKS and promise to cease all JAKS business except PP. I will distribute JAKS 80% income as dividend. And i will get a mediocre RM50k monthly salary.
Please support me when the time comes. Will buy back approaching COD


Philip ( buy what you understand) So, now that we have not 1 rights issue but 2 in recent years, with more dilution expected, the question becomes what happened to the money? The construction gains that was supposed to pay for the 30% ownership? Why are JAKS investors being asked to dilute in such a way right in the middle of MCO when price is at the weakest.

Can honestly say that management is acting in accordance to shareholders interest? Now with the underwriting and alp dilution to buy 50 million of shares at 40 cents in JAKS, have you ever wondered where alp is going to get the money to do such an activity?

Yes the PP is very straightforward. But you as the minority shareholder, have you received any dividend from JAKS before?

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2020-05-23 20:20 | Report Abuse

Philip
I believe you can't find reliability of management in annual report. Salary is the only one readily available.
Eg. If the industry average profit margin is 10% and all the sudden this company shows 30% and overhead same and it's not a niche market, then i would be skeptical instead of praising the management. I am sure you know of many companies showing paper profit but gone south eventually.
You are an engineer and you are methological. I used my business sense. Of cos mine not scientific.
Well, i don't know how much you invested in Serba. But you can try google the RM7.7B project and see what you can find about the US company. Below is a link i found. I rely on google a lot as my sifu.
https://opencorporates.com/companies/us_ok/3512387842

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2020-05-23 16:06 | Report Abuse

Philip. One of the thing you highlighted about importance of investing in a company 1. integrity of management. I agreed 100% but unfortunately for most investors, how can we know integrity of management unless we work for the company or in the industry. While majority of your investment have proven management (I have question mark on Serba), did you know during the time you invested? Or they just proven to be right choice. I recalled you mentioned ALP not reliable. I won't dispute that as i don't know him but you have anything to substantiate your claim? If so, please highlight.
For me, i could only rely on certain actions by the company. EG. recently few companies annouced projects which i found very fishy. 1. a company secured a dam from china company?? Now, this is a first for me. 2. A company secured multi billions of sand supply but didn't know you need an AP for export?? 3. An oil n gas maintenance company claiming billions for development contract.
Now, the first thing i did was to google all those companies awarding contracts. Amazingly, you can't find much details of them, when they can award billions of contract. Btw, the company awarding dam from China had a gmail account.
So, actually for a person who emphasise strongly and management integrity, i am surprised you bought Serba.

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2020-05-23 11:39 | Report Abuse

That's what I thought also. I can't speculate why ALP does it so I can only state FACTS. The fact is, with RI, I need to spend more money to get same amount I previously expected. Having said, I still expect JAKS TP to be higher than current price, but lower TP.
Musang, you refer bonus issue to RI is incorrect, bonus issue you don't need to spend extra. Actually bonus issue just make you feel SONG, it doesn't increase your earning from the company


Ayoyo Windy, if I understand DK66 workings, he mention of construction profit and the thought was for this to be used to subscribe for the shares instead... It means, that the construction profit is still there in the books... Why RI then? I don't know.. I could only speculate that his real intention is to get more shares on the cheap....
23/05/2020 11:22 AM

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2020-05-23 11:12 | Report Abuse

First, i have to highlight that this is not a SELL CALL.
AYOYO. You are right in saying that if money for future producing asset is good. BUT, as a JAKS shareholder, assuming i spent 1mil to buy JAKS at RM1, having 1mil shares, i was expecting to earn RM300k after PP generate income. Now, you are right, i am still gonna get RM300k if i subscribe to RI. But, it will cost me MORE to get RM300k. Now, let's get the fact right and outcome right. That's not questioning DK66 research

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2020-05-23 10:45 | Report Abuse

First, i am JAKS shareholder and i am also a business owner. Yes, as a business owner, if i could get an investment return that's better than loan interest, i would definitely go to bank. Indeed, i would only dig from my own pocket when 1. Bank won't borrow me anymore as i am highly geared or 2. I just need the loan for a short period of time where the cost of obtaining a bank loan is too high and troublesome.
Without knowing JAKS boss intention and predicament, 1 thing is for sure. Since the RI is not raising PP ownership from 30% to 40%, the only outcome of this RI is dilution of EPS. If previous targeted EPS was 30sens, this will be adjusted accordingly with the new number of shares increased.
Yes, let's talk facts here and don't mislead people. JAKS share price could still shoot up to RM10 or even RM100, but then it's speculative play already and nothing to do with fundamental. If you don't wanna talk about fundamental, then don't quote DK66 research. You just need to buy a lucky charm

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2020-05-19 20:45 | Report Abuse

Hi DK66. Can you add me? Thanks

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2020-04-05 15:52 | Report Abuse

Hi Philips. You are indeed knowledgeable and your argument is valid. Yes, I am a JAKS holder and i reckon it's always good to have such meaningful arguments. You invested in solid and well managed companies and I always believe it's not the sector but the management that's crucial. Eg. Layhong vs QL.
On your statement below. Obviously, you have gathered some infos. The PP is run by a reputable China company. So, the issue would be what gonna happen when the money come to JAKS. If the management doesn't act in accordance to shareholders interest, can we kick them out? From shareholding, ALP doesn't seem to hold majority in JAKS? Can I say that the business is PP is so straight forward that any professional CEO would get the result as expected?

I have no doubt that the power plant will be completed. But after that? What happens next? A ytl could easily turn into a protasco. Or a sendai could easily turn into a scientex. What will the real yearly profit be? Where will it go? I have a pretty good idea already. And I am staying put. Trading and speculative gains: yes, investing? Definitely not.

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2020-03-24 15:01 | Report Abuse

Sapura won't bankrupt because government has invested too much in it. At 0.08, it's worth putting 5% of your money for potential 0.80 by 2026-27 due to potential in Sapura OMV. Sapura OMV will be groomed as upstream player of Malaysia. Sapura almost same value as Dayang is ridiculous


DK66 Windy1974, about the cash flow of Sapura Energy, I must admit it will take a long while to understand all its finances. Even so, it won't be easy to arrive at any conclusion whether it can survive the current oil turmoil. At RM0.08, it is almost a write off case for most investors. I m sorry I won't be able to help.
24/03/2020 2:50 PM

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2020-03-24 14:54 | Report Abuse

DK66. I have not covered all articles but I have seen some articles regarding BOT during infancy stage in Vietnam. Lots of risk and uncertainties actually on returns. It seems like each BOT is unique and subject to negotiation skills. However, I believe JAKS deal falls into later stage. Well, whether your analysis is correct or not, we will know by end of 2020.
I have put some thoughts into WHY ALP not meeting OTB? Although I don't have an answer now but at least it's not just negative as when it happened.
In my life, I have learnt 1 important lesson. People who appear NICE not necessary good and people who appeared UNFRIENDLY not necessary BAD


DK66 Windy1974, I gain the understanding through lots of readings. I m afraid I can't pin point any source of information. However, logically, do you think the IPP would not have considered the USD/VND forex risk especially when it spans over 25 years ?

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2020-03-24 14:36 | Report Abuse

Side track. DK66. Are you able to study Sapura Energy financial and comment on it's liabilities and cash flow? I bought substantially at 0.10 (3rd biggest holding) and now facing 25% losses already but am optimistic about Sapura future prospect (2022) That's on condition that Sapura would be able to cover it's liabilities. Such oil price would mean Sapura drilling division would suffer longer than expected. Just want an accountant opinion on Sapura financial as going concern.
O, for those who want to play safe, YTLREIT is really attractive price now. I added more in 0.70s which i believe was bank force sale.

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2020-03-24 14:31 | Report Abuse

DK66. Thanks. Understood.
Sorry for being ignorant, those information you mentioned publicly available?



DK66 Windy1974, The PPA agreed a predetermined return on investment which was made in USD. Therefore, payments are based on USD investment which will not be affected by the depreciation of VND against USD. Only payments are made in VND (after translation using the spot USD/VND rate) for government accounting purposes. The VND payment received, after payment for expenses, will be converted to USD (conversion guaranteed by government) for outward remittance. In short, USD/VND rate has no bearing on investment returns of JHDP.

However, the USD received will amount to higher income in RM term if USD appreciated against RM during the BOT tenure.

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2020-03-24 12:39 | Report Abuse

DK66. Noted with thanks. But shouldn't it be strong VND vs MYR? At the end, it's VND. No change if USD appreciation same rate vs VND and MYR


DK66 Windy1974, Jaks' PPA computes its capacity and Energy Charges in USD for its USD based investment or expenses and VND for its domestic based expenses. The tariffs will be translated to VND and paid in VND. The government then allow JHDP to immediately convert the VND into USD for outward remittance.

JHDP will distribute its profit in USD to Jaks which in turn will record the distribution in RM. Therefore, as far as Jaks is concerned, the forex risk lies in USD/RM, not USD/VND. USD/VND forex fluctuation is protected by the PPA.

In short, strong USD against RM is good for Jaks.

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2020-03-24 12:17 | Report Abuse

Google Jaks BOT hai duong and click on Public Investment Bank - Insage
It's a January 2017 report by Public


Windy1974 i found this analyst report online from Public Bank research. I reckon it's pretty comprehensive and means JAKS management has given what info they could to analyst. From this, i noted 1 significant difference from DK66. That's forex. I summarise below risks on JAKS.
1. If i recalled correctly, DK66 mentioned currency fluctuation is protected. From report, it shows that JAKS will receive payment in Vietnam Dong and face currency fluctuation risk.
2. Analyst can't estimate potential earning cos power purchase rate not revealed. It's trade secret. JAKS management given guidance of mid 10s. So, it's understandable that analyst would wanna see actual earnings before upgrading JAKS (or downgrade)
Apart from these 2 risks, i can't see any other risks involved. The report basically covered more comprehensively than any report i have seen so far in i3. Also, the COD stated in 2016 was mid 2020. Chinese is very good on schedule.

www.insage.com.my › cmn › downloading
24/03/2020 11:55 AM

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2020-03-24 11:55 | Report Abuse

i found this analyst report online from Public Bank research. I reckon it's pretty comprehensive and means JAKS management has given what info they could to analyst. From this, i noted 1 significant difference from DK66. That's forex. I summarise below risks on JAKS.
1. If i recalled correctly, DK66 mentioned currency fluctuation is protected. From report, it shows that JAKS will receive payment in Vietnam Dong and face currency fluctuation risk.
2. Analyst can't estimate potential earning cos power purchase rate not revealed. It's trade secret. JAKS management given guidance of mid 10s. So, it's understandable that analyst would wanna see actual earnings before upgrading JAKS (or downgrade)
Apart from these 2 risks, i can't see any other risks involved. The report basically covered more comprehensively than any report i have seen so far in i3. Also, the COD stated in 2016 was mid 2020. Chinese is very good on schedule.

www.insage.com.my › cmn › downloading

News & Blogs

2020-03-14 13:50 | Report Abuse

Hi Philip. I agree with your stock picks except Serba. I am in O&G business. I like your thorough research and definitely have same approach with stock picking. However, i might lack your detailed analysis. Now, one stock i am eyeing and wanna invest substantially is Sapura Energy for future prospect from 2023 onwards. I wanna seek your opinion on Sapura.

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2020-03-13 15:46 | Report Abuse

When people hide their real identity online is when they show their true colour. After i sold JAKS, though i wished to buy cheaper, i never come here to curse JAKS. No matter what's your intention, i wish all people who wish other people lose money go to hell

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2020-03-13 13:47 | Report Abuse

In business, i try to anticipate what's gonna happen in the future to plan for resources. For now, i know i have to tighten my belt for 2020 at least. If oil price doesn't recover above USD40 by second half of 2020, a lot of projects in the pipeline for 2021 would be on hold. So, if anyone think that O&G counters are not affected, i wish you were right because my earnings never back to previous high before 2016. Now, WHY i bought this morning and i am glad all my orders were done for JAKS at average 0.753 and Sapura Energy at 0.10.
Early morning, i read in CNBC that US senates gonna announce on COVID 9 plan. Hence, i am expecting some actions over the weekend. After such drastic drop, any good news will be good. Now, with the latest CNBC report on China, i anticipate shares to turnaround in the afternoon and next week. While the second news came after i bought, i was expecting governments to act over the weekend to calm the market.
https://www.cnbc.com/2020/03/12/chinas-central-bank-to-cut-rates-soon-analysts-predict.html
Long run, i don't know but i believe short run i have bought at JAKS low, though not lowest at 0.69. As i always said, i rather buy expensive then no buy at all.
Why Sapura Energy? Since i am pessimistic about O&G?? Haha, that's story for another time

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2020-03-13 10:25 | Report Abuse

Haha. I don't know how to cross this cross that BUT I do look at chart for previous support and resistance. I have been holding JAKS for over 2 years so I know 0.70 will be a strong support or resistance. And I never BUY at support. I am still queuing above 0.70 still got bullets. Well, I have seen 0.40 before and it might happen it might not. I am the type who rather in than lose the chance. However, I do see volatility in foreseeable futures

maxprofit2020 @ Windy1974, good. I sold ALL as well last month.
The point I want to share is for safe trade, buy back at the point of Golden Cross instead of during free fall.
13/03/2020 10:21 AM

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2020-03-13 10:20 | Report Abuse

I hope this correction stand as a reminder to all those who used margin. It's a double edge sword. An investor should never used margin no matter how convinced you are. Noone can predict the futures. Sad to read that i3 forumer committed suicide because of this. I have been down with debts early in my 20s. If you make mistakes in your 20s, you still got chance. If you are married with kids, you are not only accoutable to yourself but your family.

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2020-03-13 10:13 | Report Abuse

Maxprofit2020. You could be right. I am a long term JAKS investors and I sold at higher price ALL my JAKS. So, for me, it's already profit


maxprofit2020 @Windy1974, it is 0.745 now. Moving toward 0.6x.
Do not catch a falling knife.

Refer to year 2018 Mar to Dec trend.
13/03/2020 10:11 AM

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2020-03-13 10:06 | Report Abuse

maxprofit2020. My point was, 85k was mine, max 35k was his. Many i3 forumer like to impress people by showing that they bought low sell high

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2020-03-13 09:54 | Report Abuse

Wow impressive. Day low 0.76 done 120,000 shares. All makan by you Henry 8833?


Henry8833 Managed to grab some 76 sen and continue buying till 79 sen for today
13/03/2020 9:31 AM