I am buying Yinson for their renewable energy (solar) prospect. I like companies that are able to transform and continue to grow. Yinson knows O&G cannot last forever, and based on my research, they are one of the best renewable energy company so far. Long term, Yinson will be ok, not like UZMA where OTB and KYY is holding to goreng.

at RM9+ say expensive, after issue bonus become RM6+ consider cheap... walao eh... Genting should issue 1:10 bonus and then maybe got chance to not get kicked out of KLCI30.

they think get bonus is like the bonus they get when working - free money. they think 1:1 means money double and 1:2 means money triple. so funny. if so easy, i also set up a company and then issue 1:1,000,000 bonus and tomorrow I become the richest man on earth, then I go buy Jeff bezos' amazon, apple, microsoft, facebook and all... then I become the most powerful man on earth.

@learning_investor

The receivables is due to 'One Power River', a company where Karim is also a director. According to Karim, One Power River will be able to pay back. Well, only time will tell.

The good news is, Karim is buying back alot of the shares, above current price. Awang is selling. If the company is going down, I dont see why Karim needs to keep on spending millions and millions to buy back the shares, he should be disposing it, right?

@SHQuah

Maybe you are not aware, EPF and most GLC don't invest in Genting. I dont know why but you can check the top 20 holders of Genting. So, EPF is more likely to buy O&G or Construction, not Genting.

no power, wait for the sun to come out.

@anthonytkh

How can it be symbiotic? If there is no cannibalization, then FamilyMart would not have caused so much damage to myNews.

Remember Apple in the 90s? They literally had 2 division making 2 similar products targeting the same group - mackintosh and apple II. In the end, both failed. Apple consolidated their products when Steve Jobs came back.

It is obvious myNews is going to FamilyMart and CU market. If you are a parent company, the last thing you want is to hold both McDonald and Burger King franchise. McDonald and Starbucks make sense, McDonald and Pizza Hut makes sense.

@121212

Just like how all those that are crazy about anime flocked to 7-Eleven?

it is like Proton, they launch so many version of the same class - Gen2, Waja, Wira, and etc. All more or less the same engine and spec. Only create more inventories, more management, more problems.

MyNews should just convert all myNews to CU. Running both side by side is a suicidal move. Soon, you'll find the same product in myNews and CU, and one is cheaper and than the other. Eventually, both will offer the same product and services, which defeat the purpose.

true value is zero. I dont know why Bursa still allows AA and AAX to list, i know some covid law thing, but... many will get burn, by right it is a PN17 company already.

This means myNEWS have to pump in money for 3 to 4 years before they see a profit. so, dont expect them to report good earnings for the next 3 to 4 years, that is if they are able to make CU work in Malaysia.

last time when business was good, go related party purchase and dont give an F about investor, now all investor flee... and more flee during covid. It last time price was high, now won't be so low until will get kicked out. Once get kicked out of KLCI30, then the price will continue to drop and drop.

@Makeabuck

By that time already too late. You are timing the market, and you will never react faster than the market. The best time is before vaccine is available. WHO already said by the end of this year will have a vaccine available, if not, also early 2021.

Once vaccine is available, the theme will not be glove or tech anymore, it will be the recovery theme - O&G, construction, consumer and etc.

maybe exposure to AA, got 2 banks got huge loan to AA and AA told the banks they cannot pay back the loan.

who is AA's banker?

Khairuddin calls for ban on gambling, clampdown on alcohol consumption
https://www.malaysiakini.com/news/546089

oil counter not popular now, if you can buy and hold, just wait, and when vaccine is found, O&G will rally.

i am not afraid of covid, only scared of PAS. If PAS wins GE15 with UMNO, then PAS got mandate from the people to rule. 1 word from any PAS MP on closing down all gambling in Malaysia will send the stock price limit down.

@BountyOfTheBourse

Nestle 139 does not mean they are bigger than TopGlove. Rm139 is just a number, they can give 1:100 bonus and Nestle will become RM1.39. You must be new to stock investment.

FamilyMart is eating MyNews and 7-Eleven.

https://www.theedgemarkets.com/article/yinson-2q-net-profit-surges-epcic-segment-contribution

@kai8994

Slide number 6
- Expected product average selling prices (ASP) uptrend on
moderate basis
- Uptrend seen in naphtha price amid oil price recovery

I dont see crazy here, just normal, not like X3 in the 'research'

@LearningInvestor

PE and PP are raw materials, when raw material prices are low, the profit for these raw material related companies are low too. For example, when oil price is low, sugar price is low, palm oil price is low, gold price is low, what are the profit for O&G companies? PPB profit up or down? Palm oil companies profit up or down? Gold mining companies make more or less profit when gold price is down?

This is common sense, when PE and PP price is low, Lotte will sell low too. Somemore now lockdown and recession, Lotte will want to sell low and lock in any future contract to avoid losses. Plus, the biggest buyer of PE and PP are construction and automotive, not packaging. Tell me, where is this huge profit coming from?

You buy O&G companies when oil price goes up, right? same goes with palm oil companies. Simple logic, they are going to make more money. So, what makes Lotte different? If Lotte can make huge profit because raw material price drop, then won't Petronas make huge profit too? You may argue no demand for oil now, and I can say the same thing goes with Lotte PE and PP too. Packaging constitute about 30% of their sales, majority is construction and automotive, so how in the world can Lotte make more? In fact, sales in Lotte probably drop or not growing.

if you are a sales man and it is recession now, your 2 major client Construction and Automotive cut down on purchase, what to do you? raise the price of your PE and PP or drop the price because the raw material cost drop?

Also, PE and PP price may drop, this doesn't mean sudden profit. I bet Lotte hedge their purchase too, so they are required to buy oil at pre-covid price. PE and PP price drop because every raw material manufacturer are throwing price, this is logic, it is not possible for Lotte to maintain the price while other throw.

think about it again. palm oil companies like IOI, GenP, UtdPlt makes more money or less when palm oil price are high?

Raw material supplier and producer don't benefit when downstream manufacturer sees a boom. Same thing happened when demand for cooking oil made of palm oil when China opens up during the 80's and 90's. And it will be the same for plastic raw material. I am speaking from experience.

Why rubber smallholders are not enjoying the same margins as glove makers
https://www.theedgemarkets.com/article/why-rubber-smallholders-are-not-enjoying-same-margins-glove-makers

Hi Choivo, yes, their cost drop, but we dont know if Lotte also drop the selling price. That is like saying oil price drop and petrol station will male a killing, but we know petrol station also drop their selling price too.

Therefore we dont know, you could be right, could be wrong. Until Lotte comes out and clarify this, there is a probability Lotte drop their price too.

Demand for gloves is high too, what is the ASP for rubber? Demand for internet is high too, what is the profit for digi, maxis, telekom? Demand for mask is high, what is the ASP for cotton or those raw material?

We know the upper stream supplier dont benefit much when the downstream manufacturer raises price. Just like coffee bean prices.

Until I see insider, directors or related party purchase lotte shares because of the x3 profit, i dont think the coming qr will be fantastic. No sane insider will miss this opportunity, after all, it is not illegal for insider to buy as long as they inform bursa beforehand. Unfortunately, i dont see any movement.

and packaging stood at about 30% of the demand for PP and PE, if I am not mistaken. Automotive and Construction took the lion share, more than 50%. For Chiovo prediction to be true, packaging demand for PP and PE must go up by X3 and the ASP up by X3. Is it possible? I dont know, time will tell.

If next quarter is that good, insider would be bought the shares. If 1 or 2 weeks before the announce the report but no insider bought Lotte shares, then the QR will be so so only, not X3 or X2 fantastic like what Chivo wrote.

I understand there is a huge demand from the medical and packaging side, but what about the loss of demand from the automotive and construction side? Won't it offset the gains? Furthermore, there is no way of knowing what the ASP will be unless Lotte come out and personally address this. It was at the peak of global lockdown, raw material price may drop, but this doesn't mean the ASP will be the same, maybe Lotte sold their feedstock with discount? Just like glove and rubber, the upstream industry like raw rubber does not benefit from the huge demand from gloves, this is because there might be a slight increase in rubber from the glove manufacturer, but it was offset by the huge drop from the automotive and other industry. I won't be surprised if it is the same for O&G raw material suppliers.

Look at MahSing Plastic and many others, they reported a lose for last quarter. Only packaging companies reported better quarter.

From what I understand, during a recession, if I am a manufacturer and have purchasing power, I will renegotiate for a lower ASP from the raw material supplier because they are desperate to clear their stock. This can be seen when China made huge oil purchase when the US oil price went to negative. Because China bought so much oil, can be say Saudi Aramco is going to make huge profit?

Until Lotte says their ASP went up, nobody knows what their profit for next quarter will be. I am willing to be the manufacturer will push for a lower ASP.

Then I think the next theme for speculators will be the O&G recovery + Tourism.

@DannyArcher December is still a long way, vaccine by October, if not November. Results for the vaccine, not the actual vaccine. Once the results for vaccine is out, hopefully by end of october, confirm everything will rally.

@Aeron_learner This means the mother must be RM1.75 and above when the CA expire or you lose money?

it can't stay low forever, eventually it will fly. just need to wait.

Dato Karim kept on buying and buying, sure got good news coming, i hope it breaks RM2, from there, it will fly. Awang, if you can read this, please stop your madness. We bless you with love. Thanks.

RM2 is near by slow to reach, once it reaches RM2, it will just fly.

how low can you go? how low can you go? RM2.50?

some say awang throwing is a curse, but i see it as a blessing, it allows us to buy at a cheaper price. thanks awang.

Why I invested in Serba Dinamik

https://klse.i3investor.com/blogs/philip2/2020-09-02-story-h1513287530-Why_I_invested_in_Serba_Dinamik_Kpowers_and_SCIB.jsp

The only way to beat awang is to share this article with everyone.
https://klse.i3investor.com/blogs/ndcg/2020-08-28-story-h1511677632-Serba_Dinamik_40_Upside_Hidden_Gem.jsp

If enough people invest in Serba, the price can go up and Awang can do nothing. Let's share this article. good luck.

I am so tired of Awang already, Mr.Awang, if you read this, for goodness sake, just let it go. Don't curse everyone, sinful.

next QR with their bad loans... how? drop to RM5? walao eh... unlimited fall.

not yet next QR report already drop like this, imagine next QR they say got XXX bad loans... GG liao... drop to what? RM2?

They say PAS wants to raise sin tax next month for 2021 budget.... GG

Genting Malaysia injects another RM635m into Empire Resorts
https://www.theedgemarkets.com/article/genting-malaysia-injects-another-rm635m-empire-resorts

Genting Malaysia injects another RM635m into Empire Resorts
https://www.theedgemarkets.com/article/genting-malaysia-injects-another-rm635m-empire-resorts

@supersinginvestor

Supermax cannot go negative, but your investment can go negative.

@mikevillain

What bullshit chart you look at? Feng Shui chart? If you see the MACD chart, it is going down and down, both lines are not about to cross anytime.

all those that say they top up when price drop are liars. 5 years old kid also know lah.

all those that say they top up when price drop are liars. 5 years old kid also know lah.

remember, tomorrow is friday. friday market always down.

remember, tomorrow is friday. friday market always down.

@mongkok_1230

Busy counting his profit.