Don't quite understand those who post comments into this forum. the privatisation is held up simple because ISM S/B filed an intervening application against MPHB on grounds that the proposed privatisation will affect its rights on the current on-going dispute or claims. it has nothing to do with rejecting the proposal. At worst, the privatisation will be delayed and the price of RM1.70 shall prevail.

good that the notion has been carried through. consider swift logistics

good that the notion has been carried through. consider swift logistics

You just can't stop the rain from falling.

Yes, accept the offer. I have 70,000 shares and will vote for privatisation.

No dividend?

i think kyy has sold all his holdings.

very terrifying. is it coincidental that most stocks suggested by kyy will crash once he starts promoting it?

do the opposite when kyy is bullish. many counters have been proven right before.

kyy has sold subur and went into hengyuan. am, however, not sure if he is still collecting hengyuan or selling them off now. hengyuan appears to be weakening after strong movements a few trading days ago.

kyy promoting hengyuan now. asking everyone to buy. borrow money to buy even if you dont have. same tag used for subur.

kyy has sold all his holdings in subur. on 8th may, kyy said subur is the best stock to buy and you can even go borrow money to buy if you dont have money. on 11th may, kyy said subur is going up higher and should go even higher as weak holders are selling. then on 20th may, he said he has sold all his subur to buy hengyuan. those who listened to him must be stuck now.

was informed that kyy has just started telling everyone that he is into hengyuan after dumping subur. he encouraged so many people to buy subur and probably starting selling while at the same time promoting it (subur) as a buy. pity those who listened to him.

Please remain steady and steadfast with gloves counters. I believe the current drop in prices are just knee jerk reactions by investors following the confiscation of Top Glove products in the US.

Goldberg was right that KYY commented that demand for gloves will continue to rise despite the emergence of vaccines. In fact, he posted a big picture where gloves will be used widely by nurses administering vaccines. However, KYY is now contradicting for the very comments he made just less than 6 weeks ago.
No one can fathom what behind or why he say such comment now. Maybe he was selling his glove stocks and issuing such comments then and saying the reversal to buy the stocks now? I hope not as KYY swore that he wanted us to make money only.

Dear All,

Am not writing in an attempt to flog a dead horse, but please think rationally before spewing out comments which aren't helpful and could very well show how shallow one can be. MMC owns five ports in Malaysia and one in Saudi Arabia. All these ports will be used as economically things will pick up eventually, and the same ports will be utilized. How on earth that they can't make money, going forward?

Dear All,
MMC should be doing better than its current price simply because viz:-
I) The port sector which is one of MMC's main business contributor would be doing well after several years of laggard movements.
ii) MMC is in control of five ports in Malaysia and would be silly if you think that profits will not improve, given the consideration of improving port movements all over the world. Singapore is poised to do better this year as announced by its PM.
iii) Dividend is expected to improve this year.
iv) Relatively low price and could attract investors who are flocking away from banks, which are giving out low FD rates.
v) Government-linked company and first to benefit from government's policies.
vi) Relatively good management.
vii) Top shareholders are mainly government funds.

Stay cool and wait for the rise.

good write-up appeared in the Star today. Should be green today. Good luck all.

Looks like buying volume continues to hold. Good sign and hope price continues to rise. By the way, what is so wrong if KYY is buying into this counter? Heavy purchase by him would only increase the price.

MMC has been on the radar since November last year. Many investors could have missed it out. The current price of RM1.18 is still considered cheap. Volume are building up recently and I felt that serious investors have been moving into this counter since last year. The recent news that KYY is buying into MMC should not be of any concerns. Even if he is pushing this counter up, I seriously do not think he will exit at this point in time as it would not have achieved his margins. I sincerely think it will hit RM1.50 as many analysts are saying.

My worry is on whether government approves the EPF withdrawal requests from various political parties or not. UMNO has strongly asked for RM5,000 withdrawal per individual so long he or she is eligible. The current government has been placed under very tight spot on this matter. They may lose popularity among the rakyat if they don't approve the request. But if they do, EPF will have to divest its investments in order to raise cash for such withdrawals. Imagine 5 million depositors apply to withdraw, the amount would be RM25 billion. Stock market may crash if such approval is granted.

Bursa may suffer sudden drop due to Putrajaya seeking emergency powers in fighting Covid-19. PM to bring forward suggestion to YDP Agung

DLLM99 is right. It is just volume being sold by traders who will have to pay after T plus 2. New traders and the same groups will come back in, judging from the volume and support price. As for KYY's comment, please read into Mah Sing's announcement so as to get a better understanding of the rubber factory which they have invested and the capital outlay on refurbishments. Ignore such noises.

Basically, KYY is hoping retailers holding glove stocks do not take profits to buy Mah Sing. If they do, the glove stocks will fall and would not be good for some.

Many glove investors who invested into Supermax, Top Glove, Rubberex and others might be worried as such investors may sell down their holdings to buy Mah Sing which is at cheaper entry price. Imagine if you have bought Top Glove at 5. You need to sell all and convert to Mah Sing at 1.40.

Bank Negara Malaysia (BNM) commented that interest rates are expected to go down. Most investors will buy shares. Many would go for hot counters. Mah Sing will benefit on the back of this trend alone and would not go down drastically or suddenly. Look at the volume today.

Most investors with cash would not be able to find yet another with such promising uptrend to buy. Many of them would not be placing those cash into FDs as well too. For example RM100,000 would get you RM1,700 per annum in FD compared to RM15,000 if you invest in Mah Sing at RM1 and sell RM1.16. So, very unlikely that the price will fall drastically unless some big institution sells, which none of them are holding big in Mah Sing. EPF may come in and you probably know the answer where the share price would go.

Short of Mah Sing announcing that they are now retreating from the rubber glove venture, I don't think the price would fall as predicted by some.

Congratulations to everyone who had invested into Mah Sing. The rise of Mah Sing in share price i is not sudden but has been expected several months ago. Mah Sing's property developments have always been popular among Malaysians as they are affordable if compared to the rest especially in KL. Mah Sing's sales of property have been strong and the bookings have always been high, even until recently. However, the challenge is to convert those bookings into S&P sales. I am not sure of its percentage of success but was informed that it is around 80-85%, which is considered commendable.

Mah Sing's foray into rubber gloves(surgical) has been in the news for some time. Some commentators in this forum said it was a hoax to "goreng" the price up. Now that it has been officially announced, they say the capital layout would break Mah Sing's back or it could be gobbled up by other glove players. Well, my advise is please maintain decorum and manner when commenting. Argue with basis and facts, and not emotions and hate. For those who have missed the boat, please try to invest on a long-term basis.

Mah Sing's has the connections into this rubber glove business and the connections are reliable with strong business acumens and financially strong.

Prices of Mah Sing went down lower for the past days simply because market has been rather lethargic and following international indices trend. My view on Mah Sing remains unchanged and expect prices to improve moving forward following the reasons below:-
I) more bookings will be converted to actual sales and profitability will be reflected in the next quarter.
ii) expected an announcement of JV with government on specialized project(s).
iii) low interest rates for FDs encouraged individuals to invest into stocks.
iv) strong fundamentals of the company.

RHB has given Mah Sing the thumbs up and as investors we should consider the pros and cons before investing. The writings that MS is going into the currently hot business of healthcare are on the walls. Establishing production lines of rubber related products like surgical gloves, face shields and others can be relatively easy. However, availability of suitable land and approvals from authorities would require some time. My view is that investing on MS for longer haul of say two years would definitely something that you and I would not want to miss given the current development.

Most probably may not know that Mah Sing has been into the plastic industries since 1979. Mah Sing has been producing pallet, multi-purpose industrial containers, storage bins, security tool box, trolley, plastic furniture and even security helmets. The money made from its plastic division were divested into property development, and naturally the property division grown bigger than the plastic division. Many would also probably unaware that the plastic business / industry is a money making business. Other big groups which I know involved in plastic business manufacturing and silently making money are Taiko Drums and Kong Loong Huat.

venturing into healthcare, possibly nitrile gloves, would increase income and profitability, but not within the next 3 years. Mah Sing would still require to hunt for suitable land and established production lines. Unless, of course, they turn current plastic facilities into glove manufacturing lines. Nonetheless, its current upbeat sales on recently launched condominiums are doing well and unbilled sales are quite substantial. I strongly recommend investors to buy and hold for at least two to three years, given its cheap price now.

simple123, yes, you will receive the dividend of 3.35 sen as the ex-date is on 15 sept.
the dividend is RM3,350 if you have 100,000 mah sing.
100,000 mah sing is equivalent to RM52,500. if you keep RM52,500 in the bank you will receive RM1,312.50 on 12 months interest.
RM3,350 over RM52,500 is 6.38%. plus the price is dirt cheap now.
On simple logic which do you think investors with cash will prefer?

buy and keep for one year. this stock will appreciate in price over time due to its various projects which are affordable to most Malaysians. mah sing participation in hoc is another springboard for them to achieve better sales during this difficult period. the dividend payout is much better than bank. I certainly believe that many investors with money in fd will soon be taking them out to invest in shares. good dividene stocks will be their favourites. therefore I believe mah sing would be one of those stocks that they may look into due to cheap price, good dividend, good management and valuable business when economy recovers. simple logics.

maybe super investor is selling

For all you know, super investor is dumping

I believe Mah Sing would be a good long term buy for those who could afford to wait out for say, a year or two. Most of Mah Sing's developments are in Kuala Lumpur which is the crown jewel of Malaysia. Mah Sing will be the first to enjoy the benefits of any property recovery due to its development at the right location. Is all about location in property development.

Chrisk, Riverview is held by the Huntsman family. After the death of Williams Huntsman, the family (inclusive of extended families) brought in a new regime headed by Oliver Huntsman. The new regime was inspired by the new chairman, an ex-planter, who came up with expansion ideas, so on and so forth. However, after 5 years into it, I noticed nothing has taken place vis-à-vis the old regime. Unless one has no other counter to invest, they can look at Riverview.

Dear All,
Anyone among all commentators who may have contacts who owns and wish to sell off their Lam Soon (M) Berhad shares? I have been informed that Lam Soon (M) offered many sundry shop owners to buy its shares at par value in 1985.

then kyy must have deep pockets to be able to nominate proxies to buy back on behalf. going by beary's analogy, kyy shouldn't have first bought through margins as I wonder how he would be able to finance his proxies to buy back.
my take is jaks will continue to fall as long as huge amount of its shares are being thrown out in the market. unless of course, a white knight comes along. could it be the perak state government?

Thank you for the info, beary.

JAKS is slowly going down and does not look good anymore. News that KYY is selling as it appear in Bursa Malaysia coupled with his recent endorsement of Lion Industries will send jitters to retail investors and would definitely dampen share price.

beary,
what happened to KYY's brother?

It appears that KYY is eyeing Lion Industries now. Calvintaneng might be right to say that KYY is moving away from JAKS and getting into Lion Industries. If this is true, then prices of JAKS will fall like a stone as KYY would require funds to pump up Lion Industries.

Please be very careful hereafter.

Well, I remember very well when Mr. Koon mentioned that the management of Xingquan is putting angpows into shareholders' pockets when they announced free warrants in exchange of dividends. God knows how many fingers were burnt in buying this junk. It is best to keep away from JAKS at this point in time unless one has money to spare for long term. The power plant story is still very much dicey as nothing has really been cast on stone, especially places like Vietnam, Cambodia and Burma. To me, is quite risky but again, no risk, no gain.

Let us reconcile with the fact that the apparent heavy selling for the past days were shares pledged to the banks. It is beyond the holders' ability to stop it as the banks felt it is better for them to recoup cash for the loans than to wait for the price to recover. In other words, the banks prefer to adopt the strategy of "one bird in the hand is worth two in the bush". We should also stop flogging a dead horse. My two cents worth.

Well, it is not so much that KYY wanting to sell, but the banks are selling on his behalf. Most of his holdings in JAKS are pledged to the banks. The banks require to cushion themselves comfortably in the event of a price meltdown of JAKS. JAKS is probably valued at 0.75 by the bankers now.

Dear All,
It does appears that KYY's equity in JAKS is being reduced. In just one day, I was informed that 7.70 million of his holdings in JAKS were disposed. That is a whopping amount by any standard. Guess it is time to be very careful with JAKS. My old man use to tell me that bankers are your friends as well as an umbrella provider to during sunny day. However, they will take the umbrella away when it rains. It pours when it rains. So, seriously, be careful.

I believe KYY had attempted to call EGM with the notion of voting two of his keymen into JAKS in mind but to no avail. One must ask KYY as to why he failed to do so. The cash calls requested by JAKS is something very strange if the company has been doing well. This is akin to Xingquan?

I believe JAKS will heads further south as the high court dismisses its appeal and the recently requested cash calls shows that it is not doing too well.

Charles T,

I see. I wasn't aware of the Annual Report. I have just went through it and going by the report, Mr. Koon and parties related to him would have 19,398,700 shares. But in any case, my source said he has 16,000,000 shares. Be that as it may, Canone should be interesting going forward as it may attract further interests from the general investors out there.