TP is 15sen before CNY

O&G Support Play

1) Perdana
2) Alam
3) M&G
4) Icon
5) KNM
6) SapNRG
7) Velesto
8) Hubline


My top pick is Perdana, Alam & M&G

TDM is for long term play(3-6 month), not for short term (1-2 week)..

Few rason to hold TDM:-

1) Crude Palm Oil will stay above RM2500 average for year 2020, TDM cost is around RM1900 per tonnes.

2) No more impairment / provision for Indonessia estate.

3) Hospital business is profit making

4) Hospital business potential to get listing

5) TDM buy THPLANT estate at very low price, and the location is near to TDM palm mill, so is a very good buy.

Yes... Hopefully all steel counter can back to its original level.

1) LIONIND - back to RM1.30
2) MASTEEL - back to RM1.30
3) ANNJOO - back to RM3.00
4) SSTEEL - back to RM2.00

Datuk Razali seem like a very geng businessman, if he can take control of Datasonic, then he sure will turnaround M&G

PETALING JAYA: Datuk Razali Mohd Yusof, who emerged as a key shareholder in Datasonic Group Bhd last month, has upped his stake in the technology firm.

Razali’s vehicle, Demi Mekar Sdn Bhd now has a 6.45% stake in the group after acquiring an earlier 3.9% stake on Dec 18,2019.

Datasonic, in a filing to the stock exchange, stated that Demi Mekar had acquired 87,162,000 shares on Jan 2,2020.

Razali, who was recently appointed as Datasonic’s deputy president, also sits on the board of MARINE & GENERAL BHD, which is mainly involved in marine logistics in the upstream and downstream segments.

With over 25 years of experience in the mining and oil and gas industry, Razali has held many roles ranging from developing businesses, managing critical projects, organisational development and providing advisory and consultancy services.

It has been speculated that there could be a revamp in the group’s top management following the recent changes in its shareholding.

The group’s long-serving managing director Datuk Abu Hanifah Noordin is expected to step down.

A StarBizweek report, citing sources, said Razali or persons related to him will take over as the group’s new managing director.

“Razali and his related parties are increasing their stake in the company to get a better control, ” the source was quoted as saying.

On Dec 18, Abu Hanifah sold about 186.41 million shares or 48% of his total share units in Datasonic via direct business transactions.

Despite the disposal, Abu Hanifah is the single largest shareholder with 202.67 million shares in Datasonic.

This represented a direct and indirect shareholding of 10.17% and 4.84% respectively.

@Kean Leong Wong, there are still many many possibility for Digistar to move on, such as:-

1) Someone with big title appointed as Director of the company
2) MoU with big MNC on some big project

If you look at the TA chart, the share price is at the bottom d, as long as volume come, and share price breakout 7sen, then very soon it will surge above 10sen

I hope my above sharing wont caused the stock go up to 6-7 sen, as I still hope I can collect more at 4 sen.

Many outsider not familiar with Digistar will skip this counter when they saw it making losses and having huge debt (*their mind thinking is WTF, a small company with market cap Rm26mil have RM280mil loan, sure this company going to bankrupt soon, PN17 soon...)

However, as a businessman on my own, I know it is how difficult to borrow money from bank, or raise fund from institution investor. But Digistar did it, its bond get AA1 rating, which is one of the highest grade, the highest the grade, mean this bond is very safe, mean this company cash flow is very strong, very very unlikely will have loan default.

Beside that, if you look at those institution investor who invest in the bond, they are Great Eastern, EPF, and some other unit trust company. All these are professional, they wont take risk to buy a company bond that is going to bankrupt soon.

All i can share is as above, I cannot said Digistar is a good company, but what I can said is at the price of 4 sen or 4.5sen, this is a very very valuable buy, and you risk is very very low, as its bond is having AA1 rate.

Share something valuable information with you guys:-

Published on 07 Jan 2020.

RAM Ratings has reaffirmed the AA1/Stable rating of Indera Persada Sdn Bhd’s (the Company) RM280 mil Fixed Rate Serial Bonds (2013/2028) (the Bonds). The reaffirmation is premised on the receipt of stable and adequate concession payments to service the Company’s financial obligations under the Bonds. Based on a steady inflow of Availability Charges (ACs), the Company’s debt service cover ratio (DSCR) is expected to come up to at least 1.51 times (with cash balances, post-distribution on payment months) throughout the tenure of the Bonds. This is despite RAM’s stress-test assumptions of delays in monthly and lump-sum payments from the Public Works Department (PWD).

Indera Persada is a single-purpose company set up to undertake the development of and provide asset-management services to the Centre of Excellence in Engineering and Technology (CREaTE) in Malacca, under an 18-year Concession Agreement (CA) with the Government of Malaysia (GoM) dated 18 March 2013. In return for the construction of CREaTE, the Company will be entitled to receive a highly predictable stream of monthly Availability Charges (ACs) and Maintenance Service Charges (MSCs) from the PWD, commencing September 2016 for the next 15 years.

We have assumed that MSCs will be fully utilised to support operational expenses while ACs will be the sole source of repayment for the Bonds. The level of counterparty risk faced by Indera Persada is deemed low as the ultimate obligor of monthly concession payments is the GoM via the PWD. Notably, the rating is moderated by the risk of delays in the receipt of monthly ACs. In 2019, payments of ACs by the PWD have mostly been prompt, i.e. within 30-45 days from the date of invoice. On the other hand, payment of MSCs has ranged around 60-90 days due to administrative issues.

Old News...

KUALA LUMPUR: MARINE & GENERAL BHD shareholders approved its proposed debt restructuring, recapitalisation and funding of its main operating subsidiary, Jasa Merin (Malaysia) Sdn Bhd (JMM) and its affected subsidiaries.

In a statement issued after the EGM on Tuesday, the company said the shareholders approved the proposed issuance of 1.5 billion new ordinary shares in M&G at the issue price of 10 sen per share amounting to RM150mil.

This was upon the surrender of 150 million irredeemable preference shares of RM1 each in JMM.

The company also received the go-ahead to subscribe up to 150 million new cumulative non-convertible redeemable preference shares (CN-RPS) in JMM for RM150mil.


To recap, JMM and its subsidiaries had on Nov 27 this year entered into agreements to restructure their outstanding facilities to their banks totaling RM923.2mil.

The restructuring entailed an up-front cash payment of RM50mil to the banks; settlement of part of the outstanding debt amounting to RM150mil via the proposed issuance of JMM irredeemable preference shares; and granting to JMM and its affected subsidiaries additional time to settle the balance outstanding debt of RM723.2mil via a term financing.

Upon completion of the up-front cash payment to the banks and the proposed issuance of JMM irredeemable preference shares, RM200mil of the JMM Group’s outstanding debt shall be fully and irrevocably settled.

Marine & General said the RM723.20mil term financing would be settled in accordance with the terms and conditions agreed upon.

“Upon the issuance of the JMM irredeemable preference shares, the indebtedness of the JMM Group is reduced by RM150mil. This will result in interest savings of approximately RM7.65mil per annum based on the effective interest rate of the term financing of 5.1% per annum.

Furthermore, the exchange of the JMM irredeemable preference shares into new Marine & General shares will allow the group to preserve its cash position, as part of the debt owed by the JMM Group are to be settled via the exchange of new Marine & General shares and not cash.

Upon the completion of the proposals and full exchange of the JMM irredeemable preference shares, Marine & General's gearing level would be reduced from the current level of 10.9 times (based on audited figures as at April 30,2019) to 3.08 times.

Its executive chairman, Datuk Mohd Azlan Hashim said the company was pleased with the outcome of the EGM.

“It was a good turnout and the company got a good opportunity to explain the need to undertake the proposals presented for consideration. The company is pleased with the positive response from shareholders to the briefing provided, ” he said.


TAGS / KEYWORDS:

Old News....

KUALA LUMPUR (Oct 2): Marine & General Bhd (M&G) has bagged a contract by Petronas Carigali Sdn Bhd for the provision of a unit of anchor handling tug and supply vessel for the petroleum arrangement contractors (PACs) production operations.

M&G said the contract, received by Jasa Merin (Malaysia) Sdn Bhd, commenced on Sept 16 and has a duration of 709 days, with an option to extend the contract for a one-plus-one-year term.

“The contract and option, estimated to have a value of approximately RM17 million for the primary term, is expected to contribute positively to the earnings of M&G for the financial period ending April 30, 2020 and beyond,” it said in a filing with Bursa Malaysia.

ProsperousRealm, many many tonnes.

My target is 60sen at least, I keep accumulating.

bulldog, I already prepared well for CNY rally.

My lorry full with palm oil now... haha

Perdana, Alam, Hubline, M&G come

http://www.businessworld.in/article/Commerce-Minister-Piyush-Goyal-Says-India-Has-Not-Put-Curbs-On-Imports-From-Malaysia-Turkey/16-01-2020-182205/

NEW DELHI (Jan 16): India's Commerce Minister Piyush Goyal on Thursday said that New Delhi has not imposed any curbs on imports from Malaysia and Turkey.

"India believes in free play and equal treatment for all," Goyal said at a security conference in New Delhi, adding that the government also was not contemplating any restrictions on the two countries.

On Wednesday, Reuters reported that India is planning to cut some imports from Turkey and widen restrictions on Malaysia, targeting the two Muslim-majority countries for their criticism of New Delhi's policy towards Kashmir.

Agreed with Larrytrader, this counter is not as good as the author described.
Time will tell.

I like stock where turn from loss to profit.

Once the Debt Restructuring Scheme completed, sure this counter will fly.

TP: 20 sen

M&G volume so low, if really goreng, 2 day can reach RM0.20

Let me forecast for next week again:-

Monday - 40.5sen
Tuesday - 44sen
Wednesday - 48sen
Thusday - 51.5sen
Friday - 49sen

Predict for tomorrow closing - RM0.405

You need to understand, India is not a mature country that citizen will fight for something that not benefited them.

Unlike Europe, they will boycott certain product just to protect the earth. But for india, they are very poor, as long as the product is cheap and affordable, they don't care whether the product is harm for the environment, or the origin country is not respect human right or wat, as long as product is cheap, they will buy it, they are very poor, they poor until no heart no time to protect the earth, they just live to survive.

If ALAM can move, impossible M&G cannot move.
The only problem of M&G is 99% investor in the market don't even know it is a O&G company.
In fact, M&G subsidiary (Jase Merin) is one of the largest fleet player in Malaysia.
Its fleet size can fight with Alam, Perdana, Icon, Tas Offshore....etc.

The only problem is it high interest.. but after this round of debt restructuring, M&G now can move faster d

I always have faith with TDM.
Palm Oil Trend is not goreng goreng trend like steel.
It is a global trend that involve:-
1) Global Supply
2) Global Demand
3) Weather
4) Government & Tax policy (i.e. India import tax rate)
5) Industry policy (i.e. B30 Biodiesel)
5) Substitution (i.e. Soy bean)

Most important, it is the cheaper edible oil in the world!

Leon Fuat business operations mainly comprise trading and processing of a diverse range of flat and long steel products. Their processing facilities which include an extensive range of cutting, levelling, shearing profiling, bending and finishing are cater for specific product requirements of our large customer base from diverse industries and to provide a one-stop solution to potential customers.
The cutting and profiling facilities include a fiber laser cutting machine complete with automated loading and unloading facilities for inputs and outputs with overall processing speed of up to 5 times more than conventional machines and believed to be the first fiber laser machine with the highest power in South East Asia.

Year 2020 is visit Malaysia year.
Melaka is one of the top visit place in Malaysia.
DIgistar Hotel in Melaka is one of the most convenience hotel in Melaka, u can walk to Dataran Pahlawan within 100 footstep.

RM0.040 will be the lowest price for Digistar, and the highest could be above RM0.20.

You buy now, every 1 cent increase mean 25% profit.

Which company produce white shoes, maybe new Minister will suggest to change black shoes to white shoes this round.

Dont get scare by its losses, the losses is mainly due to:-

1) Depreciation
2) Finance interest
3) Schedule docking
4) New ship yet to deploy

After restructuring, the interest will be lower.
After new ship deployed, revenue will be increase to cover its depreciation.

The cash flow is positive, very good sign for a turnaround company.

EGM passed all the resolution.
Once the restructuring plan done, hopefully M&G can sail up again.
This would be the next PERDANA.

Remember, RM1.50 before CNY

Frankly speaking, the Panther 911 system is quite a lousy system.
Please don't put hope into the CCTV system.

For Digistar, now we can only put hope on its concession business, and the hotel business.
Possible catalyst could be;-

1) Some company offer to buy their concession business
2) Digistar secure new concession business
3) Some company want to buy its hotel property
4) Being acquire by other company for backdoor listing

Mr Tan, I am not sure whether there is any place for me, but if there is, I would like to participate and below are my stock selection:-

stockcode Name & Allocation %
1 TDM 10%
2 KUB 10%
3 M&G 10%
4 Digista 10%
5 OSK-WC 10%
6 PPHB 15%
7 Paramount 15%
8 Coastal 20%

So if you are buying on RSAWIT, you are putting a single betting the commodities price.

But if you buying on TDM, you are like betting on commodities, plus buying a insurance on the healthcare business.

Currently TDM own 4 hospital, if TDM really plan to listed the healthcare unit, it could easily worth RM800m - RM1bil.
If the hospital unit can generate PAT RM40mil per annum, or RM10mil per quarter, then I am pretty sure it will worth RM800mil.

Answer to newbie4444.

1) Health care is good business. Healthcare business provide more consistent income, and it will not affected by commodities price or weather changes. That why, health care business will entitled for higher PE (i.e 15-25 times) compare to plantation (i.e. 10-15 times PE).

2) Health care business has no bad debt issue. The cash flow is very strong, that why many investor like Health Care business. Recently Hong Leong Group has buy the Columbia Hospital at very very high price, this proof that cash rich investor are looking for healthcare business.

3) Compare to 10 years ago, more n more people have medical card.
Compare to 10 years ago, the medical card claim value is always capped to XX thousand per year, XXX thousand per life time. But now, most of the medical card in market are having XXX thousand annual limit, and unlimited claim for lifetime.
I remember I study a report before, more than 70% of the patient in private hospital are using medical card to pay for their bill. So for those who using medical card, they dont bother how much the medical cost, because all will be borned by the insurance company.

https://www.thestar.com.my/business/business-news/2020/01/01/india-cuts-tax-on-palm-oil-imports-could-lift-shipments

Don't worry Hafid.. I will start pushing KUB.. haha

I guess the winner could be
1) MAYBANK (MAYBANK QR)
2) CIMB (TNG ALIPAY)
3) GRAB (GRABPAY)
4) AXIATA (BOOST)
5) HLB (WE CHAT PAY)

Why everyone here talk bad about PESTECH, from share price and financial performance perspective, this should be a good company... Is it really so bad the management?

In term of profitability, I think PPHB is better than Master... So PPHB should deserve better PE Times than Master... Looking forward for RM1.50 before Chinese New Year

It never too late for them to buy call, because now only 34.5 sen... Short term target is 60 sen (1-2 month), mid term target 80sen (3-6 month). they can easily make 80% - 130% gain.

Please imagine that Q4'19 TDM can post EPS 1.4sen, then Q1'20 can post EPS 1.8 sen, then assume PE is 12 times, then you all can make profit kaw kaw d.

Impossible TDM is below Rsawit...
TDM got 4 hospital leh....

Looking forward for 40sen, then 60 sen

U sell I buy..
Coz I have confidence in TDM

Uncle KYY, few years ago you buy JayaTiasa and promote it till sky high.

Now, Jaya Tiasa is proofing you the value, but where are you now?

Why you are not investing in Jaya Tiasa this round? Can share you thought to us?

I am really wondering why so many Facebook Sifu missed out plantation trend this round?

Why is their stock selection criteria?

They want to wait until what type of signal only will announce buy call?

Really hope someone can explain this to me?

97sen coming

NOVEMBER 2019 - Production

FRESH FRUITS BUNCHES - 35,531.95

CRUDE PALM OIL - 6,768.27

PALM KERNEL - 1,667.71


Wow, not bad result, it is much much much much better than my expectation.
TDM Awesome!!!

My initial expectation was at least 20% drop in FFB production, coz most of the Plantation stock are posting at least 20% drop in production.

This week will challenge 97sen.

Monday - 92 sen
Tuesday - 94 sen
Wednesday - Off day
Thursday - 97.5sen
Friday - 98.5sen

New week new start... This week will hit 40 sen..
Monday - 34.5sen
Tuesday - 37.5sen
Wednesday - Off day
Thursday - 39.0sen
Friday 41.5sen

if you back to Feb 2017, TDM was once a time hitting RM0.80.
At that time, TDM was achieving consecutive 2 quarter of PAT around RM22mil.

So for coming quarter 31 Dec 2019, I am expecting TDM to achieve PAT around RM20mil - RM25mil.

Once the result out, sure TDM can stand above 60sen, based on PE 15 times (as TDM business got plantation n hospital)