So are you saying that father and daughter are playing good cop and bad cop? If so shareholders are in deep shit.
myinvestor
Just not time yet for her to take over. She is heir of company who can bully her. Her dad still have unfinished job in the company. Patient girl!

2 minutes ago

Stanley can say anything he likes as he controls the BOD through his stake in the company. Buying 2 planes within 2 years is a crazy decision when the business is in a downturn. More of mismanagement. Moreover, Stanley had a record of insider trading as well, even though the court found him not guilty. The question is can you trust the owner from past events and records to buy Supermax? I won't be surprised if funds start to shy from covering Supermax. Already they are underweight on Supermax.
myinvestor
https://www.youtube.com/watch?v=dr3RwZQVgYg
Too many family members in board of director is not good governance in a company. Overlapping roles will waste in management. According to Stanley the removing his daughter is not bc of propose aircraft.
https://www.theedgemarkets.com/article/high-court-overturns-guilty-verdict-stanley-thais-insider-trading-case
3 minutes ago

4 seconds ago

6 minutes ago

Good article on accountability and corporate governance, too often CEO or owner of companies ignore their responsibility to the shareholders and treat their companies like the neighbourhood sundry shop. Let the share price drop to the bottom.
https://www.freemalaysiatoday.com/category/opinion/2023/04/25/thai-vs-thai-supermaxs-boardroom-saga-raises-huge-red-flag/

Scam company appointing ex-government officers as ind directors.

Staff and directors take commercial flights even 1st class still cheaper than buying & maintaining a plane.
myinvestor
The proposed aircraft is business class falcon 10x jet and flying range of 8000 nm which need not require to refuel or stop when travel to intended destination. Bring in customers from Europe and US to Malaysia will be as ease and in shortest time. Technical support personnel can be easy send to Texas factory to resolve any startup machinery problem. Have an advance aircraft for the purpose to bring in more value to company is good investment. Note that Supermx products are 100% exported. The top exd are constantly needed to built good relationship with customers from Eu and US by visiting each other country and thus bring in more sales.

20 hours ago

Father old school type, run a publicly listed company like a sole proprietor. But the daughter wants accountability and she got transparency. Shareholders should propose a resolution to sack the father in the company's best interest. Off course this will be defeated but no harm done. Just to prove a point.

Wow underworld & MACC mafias are involved, Revenue will be a 1 sen stock soon, once these gangsters completely milk the company. Always thought it was an IT company. Getting involved in the black underworld dealings will tarnish Revenue for a long time.

Whatever it is, the rights issue will happen as the company lacks working capital. Shareholders' funds are negative.
Any more stocks of vaccines to write off going forward?
0 seconds ago

Any ideas left besides all women BOD.

MBSB now offered all types of services once merged with MIDF. Only lacking good & experienced senior management. Hope EPF takes note that they need to add value to the merged entity operations. Social services for the last 3 years of covid have certainly weakened its financials, now is the time to buck up. What is certainly needed is to double or tripe the share price of the enlarged MBSB.

Good morning, jitters on banking failure in the States, dampen the sentiment of all banks the world over, a great opportunity to slowly collect grandpa counter. fear not.

It won't move yet. Old man stock counter. Buy for keeps.
Posted by moven00 > 14 minutes ago | Report Abuse
Not cheap no buy bro… not moving at all.

Good analysis by Warren, bank failures will be limited to banks shareholders loss. Also limited to US and European banks holding feds junk bonds. So no worries for our local banks as long as they did not hold any US government junk bonds.
“We are not through with bank failures,” the Berkshire Hathaway Inc chairman and chief executive officer said in an interview on CNBC Wednesday (April 12). “Dumb decisions” by bank managers shouldn’t be “panicking the whole citizenry of the United States about something they don’t need to be panicked about.”

Buffett said he’s willing to wager that no depositor will lose any money in the next year. Still, the billionaire investor warned that troubled bank stocks aren’t value investments because shareholders are likely to be wiped out even if the government moves to protect depositors.

“They’re not gonna save the stockholders,” Buffett said after being asked if battered regional bank stocks including First Republic Bank would be a “steal.”

Buffett said the structure of the Federal Deposit Insurance Corp — which collects assessments from the banks with deposits it insures — means the federal government won’t lose money as it resolves failed banks.

“The public has the impression the FDIC is the US government,” Buffett said. “But the cost of the FDIC, including the cost of their employees and everything, are borne by the banks. So banks have never cost the federal government a dime.”

https://www.theedgemarkets.com/node/663150

Looks like Armada did not go over 73 sen today, still got another hour to go. Tomorrow is already Friday, if tomorrow the weakest day of the week got a price run-up, and possible bullish momentum just starts if not have to try next week.

Pestech was run into the ground by its owner. Shady characters.
joni
good counter got many on going projects

1 month ago

Anwar government strategy is just what Mahathir did when he was PM for the first time. During the impending economic recession launched more projects to generate more economic activity. So going to China to attract more investment is a good move in tandem with generating more economic activity. Big projects like the construction of highways, rails and large infra will make a difference in GDP of a country.
Tannlee
An unusual-quiet counter like a volcano building forces & rumbling inside but serene & quiet on the outside.
Time... it will erupt when all the mega projects MRT3, PSI & HSR are awarded of which they are the front runners.

7 hours ago

After 73 sen if the big boss will go all out for this counter. Driving up to RM1 is easy if the next quarter's result is good

Their business of being trapped. Syndicate with new mgt will make a few more rounds before the big plunge. Good luck to all.
Posted by pang72 > 4 minutes ago | Report Abuse
Well well well..
Do not fall into the trap..
As I say, pump and dump is not finished..

More people fall into illustrations, more people will being trap

Good morning, old management still can come back as they are only suspended. So info given is not accurate.
Leong's appointment to the board of Revenue Group came after the suspension of the group's co-founders Brian Ng Shih Chiow and his younger brother Dino Ng Shih Fang from the board. The brothers also ceased to be substantial shareholders of the group.

Paynet is the only client of Revenue? If paynet pull out will there be any Revenue left? Why had to come out to support a supplier? Why do Ng Brothers have to steal motor vehicles if the company had RM50 mill last quarter? Or is the cash from last quarter already empty by now? Also why sales of e-data capture terminals suddenly disappeared and were reported as no sales at all?

Revenue Group has been and continues to be our valued partner. We have full confidence in their ability to provide reliable payment processing services to their clients,” said PayNet’s chief commercial officer Gary Yeoh.

Revenue Group suffered a net loss of RM17.61 million for the first half year ended Dec 31, 2022 (1HFY2023), after posting a second-straight quarterly loss of RM14.27 million in 2QFY2023 due to lower revenue from its business activities, coupled with higher administrative expenses and finance costs. Is the next quarter going to be heavy losses?

Quarterly revenue dropped 82.15% to RM4.9 million, from RM27.44 million in 2QFY2022, as no sales of electronic data capture terminals were recorded.

As a result, 1HFY2023 revenue shrank 44.43% to RM25.72 million, from RM46.28 million in 1HFY2022.
https://www.theedgemarkets.com/node/663002

6 seconds ago

Exactly!!!! Between the devil and the deep blue sea!!!!!
nicholas99
now its at the hand of shark.

9 minutes ago

1 second ago

Looks like you are not even sure that the Board tussle is over but had speculated that the company is under new management. An unreliable person providing factual accuracy on this company?
joyvest
If the Board Tussle is not over ,then penny stock is in the making but from the way it goes from now , your wish might not be granted , I am afraid.

1 hour ago

Burnt your hands with this speculative syndicate play.
nicholas99
the investment firm think its cheap then sapu to earn some pocket money. now they goreng up few cents to sell.. see who will eat the bait.. its been doing that for past weeks..

once he offloaded enough. he will sell down and run. because investment firm don't play long term

3 hours ago

Sorrowvest, pity you, poor guy. Investing in anger will bring you nowhere.
What facts do you want some more?
The very fact is already there..Are you so blind that you don't acknowledge that the plunge from 2.00 to 0.26 was not the making of the old mgt but the incumbent?

RGB is under new mgt now and it needs time for the incumbent to clean up the mess/ shxt left over by the old mgt..

Are you so blind and delusional of the highest order like your friend out there?

2 hours ago

Why are you so worked up, averaging down till money dried up? If you are optimistic over this counter show some facts to prove that I am wrong. Being a grumpy old man would do you no good.
joyvest
Your mention of the historical data and facts are things of the past.

Your mention of recurrence of the past in the future is highly hypothetical.

You talk as if you were the " saint" who could forsee the future. You sound like a " Saint-ka-lin" more than just a " saint".

Yes hopefully, but seemed that Dow was not responsive and expected to move south and more jittery than ever. The general consensus of the 2023 recession is 98%.
KylieTan
consolidation mode now. If no more bad news about bank sector, it will move up ba

6 hours ago

Possibility cash already disappeared, and even the company motor vehicles also "sakau".
pang72
So, what is the business plan for the bunch of good boy in Gpacket, fitter, CFM?
Making YouTube film for painting illustrations of many MOU sign for fake dream likewise 8n REVENUE...

So, 20c Tp

Getting the ex-law enforcer is not a good image. It is intimating others and giving the impression that having done illegal matters and wanting to hide them. Ex-law enforcers are known as legal gangsters. Perception matters to a stock too. Serbak did that too when it had something to hide.
joyvest
As already highlighted, the purpose is to counter the " negative image" of the M Group and meanwhile to create " good image" with the ex- law and order chief officers sitting in the BOD.

6 hours ago

0 seconds ago

International banking crisis fear still influences market direction. Also, DOW's future points south throughout the year. and financial experts and the world bank also agree that a recession is imminent in 2023.
https://klse.i3investor.com/web/news/detail/249927
this good news should've brought mbsb to the 80sen levels if not because of market not so good

4 hours ago

Global prices have already gone up by 48.9% in 2023 so expect them to drop a little. Why panic?
VincentTang
Steel price big drop, sell all steel stock.

9 minutes ago

Time for Armada to move upward this year. Inflation will be with us for quite some time so live with it. The USA has not been able to tame it & Feds may abandon interest rate increase if it affects corporate recovery. Southeast Asia non-oil producing countries will be affected by oil prices hitting USD100 and above per barrel.
Triple-digit oil will complicate central bank efforts to quell inflation.
The biggest losers will be Asia’s developed economies heavily dependent on oil imports.
In terms of a hit to government finances from the OPEC+ cuts, the biggest losers will be Asia’s developed economies heavily dependent on oil imports, as well as emerging markets in south and Southeast Asia, which not only rely on imported energy but also have weak fiscal balances. Those are the mature economies of Japan and South Korea, and the emerging markets India and Pakistan in south Asia, as well as Argentina, Turkey, and South Africa, according to Pavel Molchanov, managing director of private investment bank Raymond James.

https://oilprice.com/Energy/Oil-Prices/The-Biggest-Losers-Of-100-Oil.html

5 seconds ago

If they hired ex-police bigshots to sit on the BOD, you can kiss good buy to this counter. The thieves are gone and inspectors guard an empty bin.
joyvest

No need to jump the gun,wait and see how RBG is turned around . You can tell lie but the figures ie upcoming QR don't lie....my Bruce knows it well.

10 hours ago

Any idea who are these new stakeholders? Any background in corporate areas?
Yu_and_Mee
sad to see revenue become such penny from a superstar
TA showing almost touching 20MA, meaning soon another lower low coming soon.
many "hope" for rebound to easily get 100% profit, end up burned their hands.
with this trend, and new stakeholders, not sure they will bring the company back to alive or go even darker.
better stay aside to see, and don't "hope" until see REAL profit and strong direction from new stakeholders.

5 hours ago

Oh ok, you still make money averaging up and down, lucky or calculated strategy?
DickyMe
Nope! I have been holding it for five years and have taken profit multiple time.
And have even bought at lower end price. This is one of the star performer in my portfolio.

1 minute ago

Is Hiaptek making a comeback? All confident gurus deserted Hiaptek. Royal followers left biting the dust? The prospect looks good since China opening and promised investment by China. Does anyone know whether Hiaptek products are purchased by auto companies?

Hot rolled coil (HRC) is a flat-rolled steel product that is commonly used in a variety of applications. It is typically used to produce welded pipes, tubing, and structural shapes, as well as in the automotive, construction, and manufacturing industries. HRC is also used to make appliances, metal furniture, drums, and other products that require a strong and durable material.
https://www.thestar.com.my/business/business-news/2023/04/07/higher-steel-prices-demand-to-lift-hiap-teck

There is a word called "cut loss and get out" before you lose all. The wolves have left the chicken coop and you dun expect any chicken to be alive.
joyvest
No big deal,it applies to all counters.The moment when you have bought any share ,you just remain hopeful that it can do well later in the future. No one can forsee the future.

Furthermore,the share price has been plunging from 2.00 to 0.26 under the old mgt. now RGB is under new mgt hence it is premature to jump to the gun.

4 hours ago

0 seconds ago

Fear still grips the US banking industry. Could more banks collapse from depositors pull out? Let us hope that PMX investment mission in China can offset any funds pulled out from Malaysia and lessen the impact of a recession
Moving cash from bank accounts to money market funds is a trend explained by the fact that these short-term investments offer higher returns than traditional bank accounts. However, the depletion of bank deposits can lead a bank to a liquidity crunch, similar to what happened with SVB.
https://www.thestreet.com/technology/elon-musk-warns-u-s-banks-face-a-big-problem#:~:text=This%20warning%20came%20during%20a,into%20money%20market%20funds.

Confident? Can you please explain in detail what makes you so confident when management sucks and probably steal.
@alanec: just to answer your question, I am confident with company prospect but angry with management recent actions.
Act of management is something common investors wont able to know until it is too late.
No one foreseen they will illegal take 20box of document
No one foreseen directors might get suspended
If I can foreseen things, i rather foreseen ToTo or 4D number and hantam everything i got

5 hours ago

Many people in the past said PBB is an overvalued counter but PBB kept growing to be one of the largest and most solid private banks in Malaysia. All others especially GLC banks have not grown to that level because of interference from politicians. The only other bank that can challenge PBB in terms of productivity is Hong Leong Bank.

No issue with your understanding of banks giving loans, but the majority of the low-end borrowers will just take out the EPF through loans and leave the labour force. Without consistent contributions in the future, the loans not paid will become bad. There must be a mechanism where if the collateral such as the balance of the contribution is lower than the outstanding loans plus interest balance, the bank got the right to set off with the contribution.

@alenac: My understanding is that when someone failed to repay the loan, when they reach age of retirement. EPF will pay back the bank first before sending the remaining balance (if any) back to the account owner.

As for increase of interest rate, i think banker will anticipate and calculate based on the max profit that Islamic loan rate which is around 10% to determine how much they willing to loan out.

For an investor point of view, this is great business opportunity.
But for social standpoint, this is not a great move as it defeat the purpose of mandatory retirement fund. If age of 40 can use they fund as they like, then why age of 30, 20 cannot?

2 hours ago

Good morning, yeah the bank sector valuation is cheap but jitters in Wall Street are restraining the price movement upwards. Hope the sentiments improve further with no bad news of corporate failure.

Certain people's comments were full of anger. If so confident why so emotional, unless they had made terrible mistakes in buying this counter? Be confident like a person with insider information that it will hit RM2 soon.
pang72
Wait till 20c
See his panic chicken head panic selling then

15 hours ago

Good keep on buying. Maybe get a seat in the BOD. You must be caught averaging down until emotional distress.
Posted by joyvest > 1 day ago | Report Abuse
By the time when it is clearer, it will have reached RM 2.00. Basically, you can kiss your own ass and say goodbye

4 minutes ago

Reducing civil servants will be political suicide for any government in Malaysia. Even the slightest hint of it, Muddin and PAS will go to town with this issue, they did that in the last PH government and twist it to anti Melayu sentiments.
Malaysia has 1.7 million civil servants for our population of 36.5 million. That means we have 1 civil servant to every 20 citizens. Malaysia has the most civil servant per capita in the world. Moreover, almost all the civil servants are Malay. We should have a bit more non-Malays to create a competitive spirit and improve management efficiency.

Singapore has 87,000 civil servants for 6.1 million people. 1 civil servant for 70 citizen.

Thailand has 2 million civil servants for 69.9 million people. 1 civil servant for 35 citizen.

Malaysia has 1.7 million civil servants for 36.5 million people. 1 civil servant for 20 citizens.

Yes if with the right management. Tomorrow, they are lending to EPF low-end borrowers at 4 to 5% interest rate. Social service at best but many will not pay back and what will happen to the bad loans? MBSB has not addressed this issue. Market borrowing rates are not going to decline, for all you know by next year they may be up to 8%. When that happens, the return from EPF yearly divi cannot cover interest costs from loans. We may be creating another Silicon Valley bank in Malaysia.
TonsilBasher
According to Stock Guru Harry - MBSB going to be blue chip in 5 years time

5 hours ago

Possible that the crisis will drag on for years to come........
That’s JPMorgan Chase & Co chief executive officer Jamie Dimon’s assessment of the US banking crisis that sent markets careening last month, an episode he predicts is “not yet over” and will be felt for years. He said US authorities shouldn’t “overreact” with more rules.
https://www.theedgemarkets.com/node/662146

None of us has the knowledge of what is exactly happening in Revenue. But on the side of caution, it would be wise not to touch this counter until a clearer picture emerges.

The question is can it meet its obligation to pay creditors as it has RM802 million to settle? With only RM52 mill in cash, any schoolboy will know that a huge sum to pay is trouble ahead. Sooner, Pharma will receive a legal letter from one of the creditors.
The company, which fell to PN17 status after writing off RM552.3 million worth of Sinovac Covid-19 vaccines, had cash of RM52.85 million at end-2022. Payables stood at RM802.7 million from RM858.41 million the year before.
https://www.msn.com/en-my/news/other/pharmaniaga-says-payment-delays-to-suppliers-to-normalise-govt-not-overly-reliant-on-its-services/ar-AA19g9sh?ocid=msedgntp&cvid=f5a53630473349d69889cfdca7a5ca81&ei=7

Have all the thieves in this company been napped and charged? Disgraceful!!!!

The stock market is in shock from the bank collapse in the US recently and has not recovered. Even wall street is still fearful of any corporate collapse, just any corporation in trouble for the next few weeks would force Dow to close much lower. Also, the Feds raising interest rates again would be negative to the market. As in the past, the KLSE will only move if big funds decide to move their money to safety if they consider Malaysia as one.
searchingmoney
stock market still don't pick up despite PM announcement. something wrong somewhere.

1 minute ago