Oil and gas counter bad business, this one may go alam maritim way, rights of 30 sen how to happen when market price is already below the level? Question is can it pay its loan commitments for the next 12 months or more?

CSL going to disappear into the Bermuda Triangle?

CHINA STATIONERY LIMITED
(Incorporated in Bermuda under the Companies
Act 1981 of Bermuda)

This company is essentially a china company. Based on the last annual report, the chairman spoke more of closure of many failed subsidiaries. Nothing solid and more likely to sink in bad times.

Adcool, can confirm Felda got the money to pay 4 billion?

"4. FGV gets an instant cash of RM4 billion from Feld which is good for its cash flow position."

Brace yourself guys, am beginning to see some hope with this counter after the Chairman has resigned. But the new guy has not being tested as yet. For now have to sit and watch untill the haze is clear.

OMG CSL still alive!!!!

Yes, but property prices are catching up in the once dead town like Bukit Beruntung, where TalamT has got lots of land too. Potential is there but how fast it can grow depends on how the government further stimulate the economic activity there. Anchoring Geely there could be a start if the rejunevated Proton is successful in Asean then the sky is the limit.

Last area of prospective growth in Selangor,area in the north and southern Perak. Everybody hope Geely investment will stimulate further growth north of Rawang till Tanjung Malim, Perak. Hoping that parts suppliers too will setup shops to support Geely and other related brands in the stable.People living in those parts will benefit from jobs creation as well.

Heard got tax problem, management and many other legal problems.

"glomac .trop. mkland . mahsing .sunway.
those are hot properties count3rs at pj area and keep growing.
but glomac now facing history lowest
any idea?"

Geely play, wonder how much is appox 500 acres Majuperak land is worth?

Merge slowly and steadily going up. Got lots of land in Serendah area too

Sure 6 months maybe much earlier though?

Alam IS INSOLVENT?

OTHERS ASSISTANCE TO MEDIATE BY THE CORPORATE DEBT RESTRUCTURING COMMITTEE (CDRC) OF BANK NEGARA MALAYSIA)

ALAM MARITIM RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description ASSISTANCE TO MEDIATE BY THE CORPORATE DEBT RESTRUCTURING COMMITTEE (CDRC) OF BANK NEGARA MALAYSIA)
The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") wishes to announce that the Company had received a letter dated 24 May 2017 (“the Letter”) issued by the Corporate Debt Restructuring Committee (“CDRC”) of Bank Negara, approving the Company’s application for assistance to mediate between the Company and certain of its subsidiaries, joint-venture companies and associated companies (collectively, the “Affected Companies”) and its respective financiers/Sukuk-holders.



This is part of the Company’s proactive effort in managing its asset financing structure to safeguard the Affected Companies, whose core businesses are still viable, from any potential financial distress which may elicit a cross-default in other financing facilities and Sukuk. The Company has received the approval from the CDRC on 25 May 2017 (“CDRC Approval Letter”) subject to the following conditions:



AMRB is required to submit a Proposed Debt Restructuring Scheme within 60 days from the date of the CDRC Approval Letter;
AMRB’s admission is limited to 12 months or upon signing of a debt restructuring agreement, whichever is earlier; and
The Proposed Debt Restructuring Scheme must comply with the CDRC’s restructuring principles for AMRB to continue to remain under the Informal Standstill Arrangement with the respective financiers. The Standstill Letter was issued by CDRC to the financiers of the Affected Companies as well as the trustee to the Company’s Sukuk-holders (collectively, the “Financiers”) on 25 May 2017.
The CDRC, which is under the purview of Bank Negara Malaysia, will mediate between the Affected Companies and their respective Financiers to restructure their respective financing facilities to a reasonable rate and within a practical tenure while preserving liquidity in the face of this challenging period for the oil and gas industry in line with the above conditions.



Notwithstanding the above, the operation of the Affected Companies shall remain as usual.



Further announcements will be made in due course as and when appropriate.



The announcement is dated 26 May 2017.

Acting ceo is Datuk Hamdan Mohd Hassan

"In Tan’s absence, Iris deputy managing director Datuk Hamdan Mohd Hassan has assumed the leading role, taking charge of the group’s operations. In a recent interview with The Edge Financial Daily, Hamdan said the group’s operations will undergo a major restructuring next year which includes strengthening its trusted core business in identification."

2 sen possible....

Looks like the big deep coming with our ringgit at all time low.

http://www.themalaysianinsider.com/malaysia/article/stay-clear-of-malaysia-us-fund-manager-tells-investors

Suma take pah pow kor.

"Aiyo alenac...Suma at current price of course cheaper than 60cts lah...aiyoyo....you cannot see meh...aiyoyo...ha ha ha"

Lau sai kah lang i si liow.

Kah, kah, kah Suma take now cheap, cheap, yeah but other proven stocks even cheaper and better returns. Waiting for Ah Jib kor bring RM2.6 bill to stock market soon.

When you check on the quantum of money flow in and out of the country you will know that disaster is not over as yet.

Right on pussy hunter, no worries

Aiyoyo, pity u guys I already dun touch Malaysian stocks since last year. Already move Investment to USD funds, that's why not make any comment in i3i for sometime.

Now "small fries got fried" should know that increasingly local politics are beginning to influence the direction of the stock market.

& to continue......and blame the country minorities for cheating in business while using their religion and racism to obtain emotional support for their crimes.

Not lie alone, cheat and steal, while talking about integrity and honesty. Nobel prize for hypocrates.

Another report against Najib from his own people, why blame others when own members just can't urinate cos of the President RM2.6 bill. In the meantime our currency just touched 4.30 today going RM5 to 1USD soon as Mahathir just state cos there is no change of leadership where foreigners are pulling out of our stock market.


http://www.themalaysianinsider.com/malaysia/article/now-johor-umno-member-lodges-report-against-najib-over-rm2.6-billion

plenitude is offering share swap of 1.25 is too low. Company real NTA is easily RM3.00 or more

E&P getting weaker and tougher.

http://www.theedgemarkets.com/my/article/battered-oil-services-sector-smallest-look-weakest?type=Corporate

Economist predicts low and more stable oil price for the future.

http://www.economist.com/news/leaders/21635472-economics-oil-have-changed-some-businesses-will-go-bust-market-will-be

Sometime ago a good friend of mine asked me about this counter. I told him find out about the CEO and the chairman, can u trust them? Examine the corporate news about this company and are the news strong in increasing the value of the company. If not just sell off. He sold all of his holdings when it was listed and never looked back.

Billions loss if not for creative accounting, goodwill and revaluation of land.

"Edge Weekly, which has analysed 1MDB's numbers for financial years ended March 31, 2011 (FY11) to 2014 (FY14), said the government's 100%-owned entity had relied on some RM5.03 billion in land revaluation gains largely due to 1MDB buying land cheap from the government.

1MDB also registered RM3.3 billion goodwill from overpayment for power assets it acquired, according to Edge Weekly."

http://www.theedgemarkets.com/en/node/169989

Post removed.Why?

Post removed.Why?

Post removed.Why?

"He said if a comparison was made, the previous Barisan Nasional (BN) government sold 35 times more land than the Pakatan Rakyat government.

Among the biggest plots sold during BN's time were 980 acres in Tanjung Tokong (RM42.7 million) and 1,606 acres in Butterworth (RM584.9 million).

Lim said PR had only sold 1.1 acres on Jalan Zainal Abidin (RM10.2 million) and 102 acres in Bayan Mutiara (RM1.1 billion) since taking over the state administration.

"BN had sold at least 3,661 acres for RM1.058 billion over the years while PR only sold 103.1 acres. However, we got higher returns at RM1.11 billion.

"The reason why we got higher returns is because the PR administration called for open tenders, not because it relied on selling land."

- See more at: http://www.themalaysianinsider.com/malaysia/article/as-profits-rise-penang-spends-more-on-its-people#sthash.siHvYoAs.dpuf

Ketua Menteri Lim Guan Eng mengakui Perbadanan Pembangunan Pulau Pinang (PDC) ada menjual rumah dengan harga tinggi iaitu lebih RM3 juta seunit di D'Residence, Bayan Mutiara.

Katanya beliau tidak tahu tentang penjualan rumah mewah oleh PDC sehingga ditegur oleh ketua pembangkang Datuk Jahara Hamid (BN-Telok Air Tawar) berhubung perkara itu.

Menurutnya beliau amat terkejut apabila mendapati dakwaan Jahara itu benar dan mengucapkan terima kasih, namun menegaskan kerajaan negeri pimpinan DAP tiada kaitan dengan projek rumah bernilai RM3 juta itu.

"Oleh kerana kerajaan negeri sekarang tiada kaitan dengan rumah bernilai RM3 juta ini dan ia sebenarnya diluluskan pada zaman BN memerintah dahulu, maka saya harap Jahara meminta maaf dan menarik balik dakwaannya.

"Untuk rumah kos sederhana yang dijual RM306,000 di Bandar Cassia, ia hanya seunit sahaja kerana terletak di lot tepi, manakala rumah kos sederhana lain dijual pada harga RM159,000, iaitu bawah harga siling RM250,000 ditetapkan Kementerian


http://www.malaysiakini.com/news/280540

Who is actually selling the Malays out?

http://www.themalaysianinsider.com/malaysia/article/penang-questions-putrajaya-for-exceeding-affordable-housing-price-limits

http://www.themalaysianinsider.com/malaysia/article/penang-questions-putrajaya-for-exceeding-affordable-housing-price-limits

http://www.themalaysianinsider.com/malaysia/article/penang-exco-challenges-barisan-on-housing-promise

http://www.themalaysianinsider.com/malaysia/article/muhyiddin-knows-why-federal-housing-projects-not-approved-says-guan-eng

http://www.themalaysianinsider.com/malaysia/article/well-approve-low-cost-projects-but-first-explain-luxury-units-guan-eng-tell

Minister: Land where Malays not welcomed

"He said there is a particular group who would insist on merit, as opposed to race-based policies. "For example, in the absence of such a policy, a state governed by a particular party would say there are no cheap or low-cost houses. "This would lead to the Malays not being able to afford to be in the same group (of house buyers) ... or enjoy the development (in the state). In other words, this is also a form of racism in the deeper sense. "They (the ruling party) don't say it outright - that this place is only for our race, and the Malays cannot come here."

http://malaysiansmustknowthetruth.blogspot.com/2014/11/penang-land-where-malays-not-welcomed.html

Anwar (below) has questioned the past "robbery" of MAS but not the future optimistic projection of return of investment within 3 years of RM6 billions "fantasy". Another perception gap between what is achievable and otherwise. Is it then a con to justify the rescue?



"Have you ever thought for a second, what is the future of these 6,000 families? Was it their fault? Were they lazy, incompetent?

"Whose fault is it? Why punish these guys, when those who committed the crime are given adequate compensation?" the PKR de facto leader said during his lecture for the Asian Renaissance Course at the Centre for Reform Democracy and Social Initiative in Puchong, in Selangor today."

Dr Mahathir brokered a deal that saw Tan Sri Tajuddin Ramli take out a RM1.79 billion loan in 1994 to buy a 32% majority stake in MAS.

Tajudin, a former MAS executive chairman, was badly affected by the 1997 Asian financial crisis and ended up selling his stake in the ailing airline to the government for RM1.79 billion – or RM8 a share – the same sum he paid in 2001. However, the company’s closing share price at the time Tajudin sold MAS was RM3.68.

"What happened next? MAS lost billions of ringgit, and Tajudin was given a gift of RM586 million ringgit," said Anwar today.

State investment vehicle Khazanah Nasional Berhad announced yesterday that 6,000 jobs will be cut at the national carrier, which has lost at least RM3 million a day for the first half of the current financial year.

He pointed to the RM6.25 billion, 25-year catering contract awarded to Brahim's Holdings, which he said had burdened MAS for years.

"Never before has there been a deal involving giving a contract to anyone for 25 years. And this was given to the brother of a former prime minster," said Anwar, referring to Tun Abdullah Ahmad Badawi.

"All this weakened MAS and continued to burden it, until it has reached this point. Then came MH370 and MH17."

- See more at: http://www.themalaysianinsider.com/malaysia/article/why-punish-6000-mas-staff-over-putrajayas-incompetence-asks-anwar#sthash.rB4CgN74.dpuf' target='_blank'>http://www.themalaysianinsider.com/malaysia/article/why-punish-6000-mas-staff-over-putrajayas-incompetence-asks-anwar#sthash.rB4CgN74.dpuf

http://www.themalaysianinsider.com/malaysia/article/why-punish-6000-mas-staff-over-putrajayas-incompetence-asks-anwar

http://www.malaysiakini.com/news/273165

Next quarter result will cause MAS NTA to drop below 20 sen. 27 sen is a gift from Najib. Just wondering how Najib is going to treat the various MAS unions. Perhaps he will absorbed them into the PM department, any way what is a few more thousands to the already overloaded unit.

Yes, agreed Malaysia is very far from embracing an anti race based policy as the constitution is race biased and the power that be manipulated it to the maximum advantage to enriched themselves and their cronies. So the road of doom will be reached when resources and money from their exploitation start to dry up and when total loans become unbearable and imminent default lies ahead. That is when IMF will step in and force a social economic restructuring of the Malaysia society. To prevent this from happening the current regime will have to again use Petronas as the lender of last resort to pare down its national debts. But the question is when the time comes can Petronas sustain such an onslaught or will it collapse under the assigned debts heavy burden.

The negative perceptions are beginning to be felt.

http://www.theedgemalaysia.com/business-news/300392-mh17-malaysian-air-faces-passenger-cancellations-after-twin-disasters.html

brilliant idea, but where to get the money? Already the government is running on deficit and most government investments are not doing well. I would agree if the nation is run efficiently devoid of rent seekers. As it is at the moment the option is rather limited and time is running out while the airline bleeds from financial meltdown and negative publicity.

Obama also spoke about Hamas terrorism against Isreal territorial sovereignty which ironically Malaysia supports its opponent, where in the case of MH 17 shot down probably, according to Obama by separatists backed by Russia fighting against Ukraine territorial sovereignty.

The man who shot down MH17?

http://www.malaysiakini.com/news/269149

Maybe less than 20 sen when the next report is out as it is making loses at 5 mill a day.

Fam Jenny, ur church is not main stream christian church. M not christian but other christians said "its ajaran sesat"

Mas Brand is dead.

http://www.themalaysianinsider.com/business/article/will-mas-survive-this-latest-tragedy