Jan 2023 Malaysian vehicle sales down by 35% – MAA
https://paultan.org/2023/02/17/jan-2023-malaysian-vehicle-sales-down-by-35-maa/

they say next year myeg gonna make lots of money minting some kind of coin out of thin air. amazing. why even work? gov should tell every company in malaysia to mint their own coin, we'll be the richest country in this galaxy.

of all the glove companies, including those from China, TopGlove will probably be one of the first big glove company to close shop. Instead of paying down their debt and conserve cash, TG gave away most of their cash as dividends and sharebuybacks. Now that there is a price war going on, how can TG survive?

Soon, they will have to sell their TG tower. Those that kept on averaging down, I tried to warn you guys and got kicked out of TG Telegram group. Sorry, RIP.

topglove boss went kuku with the sudden windfall. crazy dividends and share buybacks... he still thinks TG will be profitable in a few quarters... i think this is a long long battle as most glove companies are cash rich, can fight till last man standing. TG... TG naked now.

@Endgame

Not 108K, it is 108,000K. It is millions, not thousand.

lava flowing down like tears

"In case you didn’t know, the police have started using automatic number plate recognition (ANPR) systems to catch errant drivers since 2016. The ANPR cameras can detect the licence plate number and run them through JPJ and the police crime database. During its first deployment in Johor Bahu, the system caught an offender driving a scrapped vehicle with a fake licence plate. "

https://soyacincau.com/2023/02/11/digital-road-tax-traffic-police-will-use-mcops-to-verify-vehicle-status-jpj/

Soon, all police car will have this camera and they will scan all the vehicles on the road while patrolling. Thus, no need physical road tax.

"Even if you don’t have the MyJPJ app installed or fail to show the digital road tax, law enforcement officers are able to check your road tax and driver’s licence status through their own devices."

https://soyacincau.com/2023/02/10/anthony-loke-answers-concerns-digital-road-tax-driver-licence-malaysia-jpj/

@Income

Physical or digital, what's the difference? u think physical cannot be forged? Yes, it is called forged, how do you think people are able to forge duplicate ATM to steal money? forge land title to sell other people's land. forge birth certificate to sell babies....

StartOfTheBull

Automatic number-plate recognition

https://en.wikipedia.org/wiki/Automatic_number-plate_recognition

These stuff exist since 1980s, now with cheap smartphone, all PDRM needs to do is write an app and mount it on their police car, can scan all cars number while patrolling.

welcome to the future old man.

people can complain all the want... anyone remember when banks stop issuing books for new accounts? who still own a bank book? soon, banks wont even issue a physical bank card. ATM also can do withdraw without card.

i3lurker

Agree with all your points. Before this, they already clone the road tax.

https://paultan.org/2021/05/03/jpj-finds-there-are-vehicle-owners-who-conspired-with-car-cloning-syndicates/

So, whatever policy also same.... enforcement is weak.

StartOfTheBull

Overseas, they have vans with cameras that drives around scanning license plate and car model/colour, not to mention all the cameras in their toll too. The system will notify the police if it is a wanted car, stolen car, owned by a wanted person, or never renew license or involved in a hit and run. Police will wait beside the car for the owner to come back and arrest him on the spot if he is a criminal, or impound the car if it never renew the license.

AI camera system, welcome to the future old man.

The losses will only continue until we see all these smaller companies and newbie quit the industry, the best time to buy is when GKent, MahSing and etc announce they are selling their glove business or closing it down. Until then, these smaller glove co are throwing prices, they can since glove is not their core business. Question is for how long?

nikicheong

I think they are gunning for their wind energy side, not so much on the turret.

@Vicky

Scomi, Sapura... got no fake accounting no fake projects, not the same. Even AirAsia dont have fake accounting. Name me 1 company in Bursa with fake accounting that is still trading?

@Blue Tulip

What is drop so much?
For RM1 and above, max is 30% up or down
For RM1 and below, max is 30 cents up or down

Consider drop very little.

Fake accounting fake projects like Serba?

Currently traded companies qualifying solely under the Market Value Standard must meet the $75 million market value of listed securities and the $4 bid price requirement for 90 consecutive trading days before applying.

-------------------------

If ARBB can list in Nasdaq, many of our other 'tech' company can enter nasdaq100.

UncleFollower, where you get the info it can be 16B USD? Sounds absurd. 16B USD is RM64B, almost as big as CIMB or PBB, which is crazy. Unless for some reason Yinson can win 1 big FPSO every year for the next 10 years, and eventually have a profit of RM1B per quarter and positive cash flow. Until then, kind of hard to image Yinson is a RM64B market cap company.

i wonder what happened to peral white, i remember he wrote so many articles on why serba is not a fraud and how kpmg and ey has hidden hands to collapse serba... all those conspiracy stories, i need to read them before bed time...

impossible for glove co to go up. All those new factories build by those that ventured into glove have yet to close down. Until they close down 1 by 1, we're going to see a depressed in price. Simply put it this way, MahSing and GKent can continue to lose money in glove as their other business are profitable, they can pump the money into glove, whereas TopGlove only got glove, and not to mention their susuk and debt maturing, and they need more loans for the coming years. harta and others not to bad, as they did not give out their money and do SBB. TG is in a tough position.... very tough.

Another Serba in the making?

@Sslee

Just curious, I have no idea. If it is margin called by banks and sold by the banks, does the bank need to inform Bursa too?

Phoenix.... more like chicken.

fake accounting... what more hope is there? already know it is fake, yet so many refuses to leave, some go average down...

Those that kept saying EPF is still in Serba, have they looked at the latest annual report? LIST OF TOP 30 INVESTORS...

EPF PNB KWAP all left when KPMG flag serba for fraud. That is how these big boys roll, run first think later. All of them left long ago but some in here is in denial, kept using outdated info to say they are still in.

Can you share UOB report? Thanks

FPSO Anna Nery (Marlim, Campos Basin) is expected to achieve first oil by 1Q2023 CY, 25-year charter to Petrobras.

everybody thought VT buying some bank, PBB.... in the end, just an insurance co and still nego.... but he sold so many shares already to meet the bnm requirement, if deal did not go thru, habis....

investorking, i thought u cut loss long time ago, dont tell me you go buy more? liquidation is worse than delist. liqudation means you as a shareholder dont even get to keep the toilet paper used by karim to wipe his butt. shareholders now have 0 value in serba... last time long ago you have a shareholder certificate paper to frame it on the wall, now with digital you got nothing....

My pick for 2023

YINSON 20%
RHBBANK 20%
KPPROP 20%
SKPRES 20%
DAYANG 20%

Thanks.

recession coming, sell. rm1.5 soon

ATA gets contract termination notices from Dyson
https://www.thestar.com.my/business/business-news/2022/12/23/ata-gets-contract-termination-notices-from-dyson

@newbie8080

They make good profit and revenue before FamilyMart came to malaysia. Problem with myNews is they always follow people. Last time says will beat 711 in their own game by setting up shops nearby 711. When FM came to Malaysia, they tried to copy by setting up their FPC, nobody goes to mynews and buy ice cream and bread, so they lose lots of money in FPC.

Now FM moving to dine in cafe style, go check out FamiCafe. CU now outdated already. Always a follower.

I always thought hollywood ghost movie so fake, but now i realize it is real. if you see a ghost, do you run? stand still? or walk towards the ghost?

Already know serba got audit problem, yet some people go average down, why? too much money?

I remember in Serba Telegram group there is this Malay lady that believe in Karim and went double down on SCIB and Serba. I feel pity for her. Her reason is Karim is honest, hardworking and will not lie. Also, she said karim said Serba did nothing wrong.

Karim is a conman, cook the books.

FPSO Anna Nery (Marlim, Campos Basin) is expected to achieve first oil by 1Q2023 CY, 25-year charter to Petrobras.

GG
Karim the cook
Karim the conman

@Mabel

Tesla USD1300 is before the 2 stock split. Dont create fake news.

@Windy1974

Best yield is United Plantation, not KLK or IOI.

I agree with you on avoiding 'undervalue' companies, unless we know what is going on inside, more often than not, the smart money knows why they are avoiding it.

Pity those that believed in Karim the conman and average down. So many says KPMG is KPGG, says they dont know how to audit, karim says got hidden hands....

In the end, even EY and Nexus also came to the same conclusion.

When an audit company such as KPMG wants to flag a company as big as Serba, they have many protocol and checks to go thru before they report to authorities. Means many directors and big boss in KPMG will discuss and investigate and all came to the same conclusion, something fishy is going on in Serba.

Dont blame KPMG, blame Karim the cook.

They knew they need money for the viet power plant, why did they not save money? but go do other stuff like solar? i wonder why? construction business very easy to siphon money out. this one i know, i work in this industry. company can lose millions, but big boss can make millions indirectly.

Then next year Rights Issue

very very very profitable, this one nobody knows, but confirm next year PP again.

every year also says next year will be very profitable...

Every year everybody says next year they will be profitable, but they go do PP almost every year. Better buy boring stock like MBB PBB UTDPLT and sleep like a baby than to cry like a baby in Jaks.

2017 PP
2018 PP
2019 PP
2021 PP
now
2022 PP

This is a rubbish stock, sell now before they PP again next year. Then consolidate, then throw down again until ah gong ah ma cannot recognize.

run before it is too late, run

4 quarters of up already, you expect it to go up again? how old are you?