Kudos, Kedah MB has picked up the most legal civil suits and along the way collected 2 criminal charges for defaming the royal institution. He will be busy fighting off and defending them for the next few years rather than governing Kedah.

Precisely the point, Moo will play the victim of political persecution by the Anwar government because he is leading the opposition. Sympathy will be with him. The Malay support for underdogs has always been recorded since Anwar's reformasi days. Populism not withstanding.

Posted by Sslee > 41 minutes ago | Report Abuse
Moo is just trying to save his own skin from the corruption cases he is charged with in court.

He has nothing to offer except playing up race and religion divisive issue to pull down unity government.

Is it really true that boosting investment & reducing inflation would work against popularism? I doubt so.

"It only provides a temporary syiok sendiri high. People like Liew should look into ways to address the plight of the people such as inflation and boosting investments - not just announcing FDI (foreign direct investment) pledges which does not translate into concrete benefits to the people."

Let us wait and observe how the PHBN-led government is going to resolve the issue of a certain section of voters dissatisfied with them. Anwar has 2 years to do that before another state election is due.
Posted by Starship2 > 3 minutes ago | Report Abuse

I feel in a democratic country we should not overly "demonize" the political choices of certain groups.. The challengue is to convince and win them over... The PM has been in office for less than a year..and being new, I am sure the govt would have taken time to settle in as well. Let us see what he can do... Let us also not overlook the fact the voter turnout was low..So the people who actually voted relative to the population must be very low.... especially in the PN states...Another point, the combined population of the three PH-won states is roughly 10.2 mil while that of the other three is 5.25 mil...Selangor alone has a population of roughly 7.21 mil....Do you see the diparity and the difficulty in making comparisons?

The reason why positive issues based on integrity, transparency and good governance are ignored and voters choose populism instead. We had seen that before during the incarceration of Najib and his court cases, despite their negativity, where his popularity bought Bersatu losses in Malacca & Johor state elections.
However, any pronounced shift in voters' sentiments toward good governance and positive values can only happen if there are significant shifts in what voters perceived as "discriminative values" whether real or not that led them to vote for populism.

“The continued rise of the green wave is an expected push-back against multiracialism and multiculturalism.

“This push-back will continue until the majority of Malaysians learn that ethno-nationalism is dangerous and leads to fragmentation of our society.

“The same issue is faced in many parts of the world as people seek quick answers to problems of inequality and marginalisation,” said Leong.
https://www.thestar.com.my/news/nation/2023/08/14/green-wave-will-lead-to-more-racial-divisions-in-the-nation

Speculative gurus attracting bilis in Whatapp and Telegrams to buy this counter, an opportunity for long-term holders to make a quick exit. Typical buy on rumours and sell on the news. How many will be caught?
Let's explore SEAL,
Rights issue (RI) to a corporate highflyer (so-called) at 26 sen for 69 mill shares and price now at 59 sen & RI money is to be used for solar ventures. SEAL is a lumber company or saw mill with declining turnover and losses for many quarters. Is it really worth 59 sen? Takes another 2 years for a new solar business to really move from ground zero. If the acquisition of an existing solar business has to be bought for a premium from its owners, at this time would have to be at a higher price considering the current energy and oil costs.

0 seconds ago

49 minutes ago

Good strategy though, because glove sectors are not going but down. Those ignorant and gullible would be drawn to buy and those averaging down would be asking for trouble as the depth of the downwards price movement is unknown and estimated by the funds manager which will not account for how much owners of listed gloves companies manipulate their stock price and range movements.

YourQuirkyWays29
@eatcoconut, yeah need to remind myself to take some profits next QR if retail overreacts to the expected green.

12 hours ago

Quarter Result soon. More losses? Hartalega losses lead the way.

Nope not tired of your tirade over MBSB. Is the hot and cold weather getting to you?

Good morning, buying glove counters are like chasing all counters downwards. That's the Endgame.

LLC, I thought you said MBSB is poorly managed, so should the result match Kenanga's expectations? No?

Kenanga has never been right on MBSB all this years, their stock views are as good as trash... whatever that is not in their portfolio will be talk down

52 minutes ago

Exactly, does not make sense for PNB to sell and lower the price of the MBSB shares resulting in unrealised losses.
speakup
Yes flood market provided PNB want to lose money

18 hours ago

I think he is rating a company like a brothel. If the madam customer service is shit, the whole outfit is slutty.
vijay99
everyone no need to see EPS , P/E ratio etc anymore....just call customer service , if anyone pick the call within few seconds thats a good company and lets put all our money in it.

16 minutes ago

As I said earlier Supermax should abandon its intention to set up a plant in USA. Just cut losses and get out and distribute the dividend from the cash horde of RM2.2 billions. Market will adjust the price. In doing so Stanley will still gain the most. It is not a shame to let the company share drop to a penny. The fact is the business is in a downturn and rescue can be done through future rights issues.

Retailed business is no more lucrative post covid so he is selling to the public. Smart exit strategy.
sailang_now
VT owns 46% of 7even Eleven, most probably will ask BJCorp to buy over his shares at inflated price since BJCorp now cash rich from sale of BJEnviro?....
https://www.marketscreener.com/quote/stock/7-ELEVEN-MALAYSIA-HOLDING-20707989/news/Vincent-Tan-Mulls-Selling-7-Eleven-To-Berjaya-Corp-34475202/

18 minutes ago

Well, I would expect EPF & other shareholders to have a strategic plan to improve the performance of MBSB if they are to create value for the company and at the same time collect more shares of MBSB.
henry888
Sure they would push to at least 96.52 cents and acquisitions sure would go through as EPF is holding more than 50% of the shares. There is no any other reasons minorities would reject the deal as their share value would increase. This is my opinions.

Did you read properly it is not cash but the issue of new shares to shareholders of MIDF.
wallstreetrookieNEW
It's not even a merger. It is a cash-only acquisition. RM1.01 billion
MBSB is spending 1 billion Ringgit Malaysia to acquire a dying business. Malaysia is in a technical recession and thus the investment banking/debt capital markets will experience further downside.

Why is the market still pumping MBSB shares when it is a 'cash-only acquistion' which means the company would have to use cash reserve or issue more bonds to pay back the premium.

13 hours ago

Should have an upswing in price?
Bumi Armada says Kraken FPSO operating at 90% of pre-shutdown levels
https://www.thestar.com.my/business/business-news/2023/07/20/bumi-armada-says-kraken-fpso-operating-at-90-of-pre-shutdown-levels

A share of MBSB is issued at 96.52 sen to all holders of MIDF shares for the takeover. This is based on the valuation that is acceptable to both parties. It can be the market value if the price hit 96.52 sen later.
pang72
Offer 96.52c? I can't understand..

MBSB 79c now

1 hour ago

All money gone in no time, 1st Phase already RM1.47 billion? There are another 3 phases how many billion MYR more?
This will be the company’s 18th manufacturing plant worldwide and its first in the US. The new 215-acre manufacturing facility will showcase cutting edge capabilities through expanded use of artificial intelligence and robotic engineering. The facility will be comprised of a total of eight buildings.

Phase one will begin construction sometime in the second quarter of 2022 with glove production expected to start sometime in the second quarter of 2023. The company had earlier announced an investment of US$350 million (RM1.47 billion) on the first of four construction phases.
https://www.thesundaily.my/business/supermax-to-build-advanced-manufacturing-facility-in-texas-BA8983636

0 seconds ago

Depending on Tan Seli/Taikor, he is the main driver on how and when the price of his counter is at any time. Dun worry all will be fried by Tan Seli until penniless. Just watch if glove ASP still has not recovered there will be fewer and fewer people interested in this counter and the price has to give way to the bottom. In the meantime, Taikor, will have to create news once in a while to excite punters to support his counter. So price swings as it moves side way ......
UlarSawa
Wow you garanti 60sen sure can get kah. Many IBs and broking house also TP like you leh. They also never say garanti leh. Only making assumptions it will hit their TP leh. Tapi belum hit lagi leh. After next QR they also will revise their TP again leh. Kesian. Haiyoh. Correct?

0 seconds ag

Sanusi dreamed of mega development in Langkawi with this company. Where is the source of working capital?

Battery-operated motorcycle technology is probably assembly. EP performance depends on selling prices to the B40 market. The margin is not expected to be huge.

The possibility of 40 sen depends on whether the owner will support the counter when selling pressure from weak holders cut losses. Meanwhile, the zig-zag price movement will be attributed to the owners driving the market. Returning to the fundamental is very far from the horizon.
SinGor
TopGlove is the "Flatess katak " on the Highway----Run over by a thousand lorries ( RM40 to 86sens )
If you DonT believe 40sen Tp, you are a Aliens from Mars

2 days ago

Should ask LLC and some other bilis-investors, they said it's rubbish management. 5 years of waiting for MBSB to bloom and it is nowhere near their target. Hope the new CEO from CIMB is not another clown.
641003025255
MBSB now in right track, with the good management.

19 hours ago

Good net cash position, and business value almost no cost at current price. Interestingly the company is going to set up a plant in the state. I hope the management will shelve the plan, punters are all observing when the net cash will start to decline when the management starts spending. Good management should declare maximum divi and let the price be adjusted ex divi while waiting for the next global pandemic as they can't create value with the current glove ASP.

Over speculation in this counter, PE of more than 40 at the current price. You cannot be milking the price sky-high, it has to give way somehow. Looks like IB taking a profit.

Depends on what you buy for? Investment purpose sure Fcuk! To ride the wave with Tan Seli then OK, make sure TS won't Fcuk your trade.
UlarSawa
IB also tukang tilik lah. Why must follow their price kah. Kesian. Haiyoh. Correct?

1 hour ago

PBB call sell and price down to 63 sen. Possible could be priced lower since, expected losses for next 1 to 2 years?
https://klse.i3investor.com/web/pricetarget/research/67912

Averaging down? Turnover declining every quarter till the last one. What's the rationale?
Chipee
YES Aberdeen bought 570,500 more shares. Locked in for the long run. Sweeeet...

America is made great again due to the Russian invasion of Ukraine, as long as the arms manufacturers are propping the US economy while the weapons sending home the Ruskies boys in body bags is business as usual.
RInvest
https://theedgemalaysia.com/node/673053

1 hour ago

hahaha to be expected, but any new contracts for SCIB or to take over all Sarawak oilfields from Petronas? Sarawak Chinamen in the BOD. Is SCIB the recipient of all federal contracts of RM50 mill or less to be taken over and awarded directly by Sarawak State as announced by PM Anwar?
Since Mid May 2023, news has leaked. Insider making more than 100%.

TG management made an inaccurate report of glove mart recovery in June 2023 last year. Now we know there is just a small sign of consolidation in the glove mart. Recovery is still a dream. Chinese producers are dumping at USD 17 per 1000 pieces, left to be seen whether cost-cutting measures by Malaysian companies will actually bring down ASP.
Even if the cost savings are translated to lower ASP, will the current stock price be fundamentally supported bearing in mind that most gloves counters have huge paid-ups and therefore volume of share?

Looks like BA is still trying to resolve the problem "further work, testing and investigations ongoing to stabilise and bring the vessel operational performance back to pre shutdown level." So it is still ongoing trouble shooting.

I think you guys dun understand what Warren said. If the fundamental of the stock remains the same, even in times of fear of the market crashing then you accumulate. But not the glove sector now facing glut and overproduction, and therefore falling profits and margin, to be objective.
YourQuirkyWays29
@alenac what is there to fear for industries not affected by sales slumps or bad economic impact? is there such an industry to begin with?
21 hours ago
SonniaFang
Every businesses will undergo their ups and downs, no industries will be unaffected by bad economic or even sales slumps ...
4 hours ago

Looks more like management is unable to determine what is wrong with Kraken breaking down, the reason why the price has yet to rebound. If the problem is resolved, the owner would be pushing the price up immediately if it is under valued.

This advice is given by Warren for industries unaffected by sales slumps or bad economic impact. As for the glove industries, the writing was on the wall long ago.
SonniaFang
Be greedy when others are fearful

Owner and his macai goreng the market up and down lah. That's why there is no logic
Albukhary

This counter really cannot invest.
When u expect it go down, it will go up.
When u expect it go up, it will go down.
When you buy at 90sen, it will go down to 70sen.
When you sell at 90sen, it will go up to RM1.20.
When u buy at RM1.20, it go back to 90 sen again.
When u expect it to go down further to 80sen, it will rebound to RM1.20 again.
Really 估你不到。

It looks like lots in the forum here are merely speculating. No one onboard knew of the exact situation. In the meantime, the price moves sideways.

Market and industry conditions do not lie. Any upwards trust in price is merely speculative.

Nothing significant in the comment just it is reasonable, going forward once the acquisition is finalised, will MBSB management be able to create value from the acquisition? And once that is convinced, will MBSB stocks attract external funds to accumulate, requiring a jump in EPS post-acquisition? MBSB exceeded the RM1 bill of NP in 2014 in the last 10 years. So based on LLC comment, the incompetent bunch of people in MBSB will hardly be able to create value. So why are we here buying the shares and expecting another divi?
CYChong
Another view on MBSB's RM 1 bil acquisition https://www.youtube.com/watch?v=CyYX8nPN1Mk

2 minutes ago

Wow LLC, change of mind, thought you said MBSB has got a bunch of incompetent people managing the bank?
Loy Loy Cheong
At this juncture, trade MBSB on facts and not sentiments.
1. Before acquisition of MIDF MBSB is already trading at PB of 0.5 (or lesser), the most discounted bank in Malaysia, so based on this fact, it has limited down side but huge upside potential.
2. After acquisition of MIDF, earnings increases, revenue increases, based on this facts, the price if continue trading at this level means it is probably 0.3 PB value which to me is senseless to remain at the this price level, it is only a matter of time the market wisdom will sets in to move the price higher as the quarter progress.
3. MBSB already said there is another post merger dividend, when this is finalize and announce, you think you can get MBSB at 65sen?
4. If banks in Malaysia continue its fine run, there is even the possibility of another interim dividend.
5. MBSB is emerging as the biggest or 2nd biggest Islamic bank in Malaysia.
6. High possibility of adding MBSB as an KLCI Index stock in the very near future.
To me, this is the best time to invest in MBSB, not for short term punting but as a mid term investment.

19 minutes ago

Looks to restructure its loans and debts to creditors soon if not waiting for the first letter of demand. Just buying time as waiting for the government to bail out this GLC. The market has priced in that government cannot afford to let it go down. What if the government decide to let it collapse since Pharma supplies only 35% of MOH medicine requirements, then the extended 10 years contract to supply medicine is accounted for in the current price and its GLC status or security.

Looks like problems may not be resolved that soon.

Good morning, Why is anybody still hanging around in TP and other glove counters? Move on to banking and consumers, revisit only when there is a global pandemic.

Time to sell LLC management not good?
Loy Loy Cheong

Still the same story, incompetent management.

1 week ago

Why are funds not updating their forecast or just waiting for the MIDF deal to be approved before rerating? Last year Kenanga called a sell and anyone that followed would have missed the 8.5 sen divi.

The pressure in forging documents is somehow linked to the need to sustain the share price. The guilty directors or owners would have sold most of it in the last run-up. Now too much cheating going on in the listed PLC, it is high time Bursa & SSM reform the market and further increase the penalty for criminal offences.
Besafe
Don't let this con mafia group to cheat your hard earn money. Haha

Cheat & fraud
Ng, 50, was charged with forging invoices and purchase orders, amounting to RM13.829 million, for several companies.

He allegedly committed the offence with manager Cheng Choon Choon at Wisma Revenue, Kepong between May 22, 2020 and Aug 8, 2022.

The forged invoices and purchase orders were for Golden Infor Services, Accucom Solutions PLT, and Omega Dynasty Sdn Bhd.

Ng claimed trial to all charges under Section 468 of the Penal Code before Sessions Court judge Rozina Ayob.
https://www.msn.com/en-my/money/topstories/revenue-group-co-founder-and-former-director-ng-charged-with-forgery-for-cheating/ar-AA1cgG8U?ocid=msedgdhp&pc=W035&cvid=83f933b326524e4082c12e31fd4ca523&ei=15

The big boss's first round of profit-taking and later accumulate slowly?