smartly.. maybe negative news? ....

WB is very negative on the prospects of the mother share....

maybe ... looking at opening.. cannot get 3B.. hmmm

Outlook got it's advantage as well.. if the company can pull it off, they will have a good reputation compared to international players. Ezra is a very experienced OnG player, hopefully support will be there from the majority shareholder.

Just that the management can no longer rely on local politically connected jobs...

Bone, you are right Petronas is favoring more local companies.. but...

Perisai is majority owned by Ezra.. a listed Singapore entity.. can they get Petronas project? Recently Petronas declined to renew their MOPU Rubicone 3+1+1 contarct and SapuraKencana cancel their E3 pipe layer barge 2+1+1 contract....

Now they relying on Hess for their FPSO Kamelia (50% owned by Ezra) on north Malay basin gas (Thailand) and their new rig Pacific 1 will be working for a Philippines company. Also all their OSV is currently leased to Ezra on 3 year contract. They need to expand outwards independently as local jobs might be difficult for them...due to their ownership...

Malaysia boleh!

can the cancellation be done anytime or need AGM approval?

relax lah.. this is just interim .. not yet final..

undervalue stock... >30% of market cap is net cash...

sbb buy everything already... who want to sell? of course volume low..

like you said those held by no institutional left like 5-6% only...if sbb continue to eat... no more retailers left hahaha other than those that have no plan to sell 1..

carson no.. look at First Resources.. >50% unplanted, high FFB yield and high OER

Insas stake in Inari now worth 41.5 cents./share

sbb ate 1.5 mil shares .. 65% of volume at 1.85 to 1.86. Treasury 8.74%

anyway i do not worry.. 70% of YTLP profits comes from overseas... just think of how much RM has depreciated...

The gas fired power plant is very well maintained, looking at the minimal downtime and the output can still perform near rated capacity. Many would want to buy the plant, furthermore the plant will be fully depreciated once the contract ends.

hng.. even the ipp expire, the 2nd hand plant and the land is worth a lot of money as well

might be able to record exceptional gain if sold off

The whale already rotate to perdana petroleum already...

Also Jordanian oil share is very easy to burn like coal, so the power plant is to use the oil shale directly to produce energy, via fluidized bed technology which will be very cheap...

So now... YTLP turning into OnG company.... hahahaha

Shale oil is expensive to mine.. as long as oil stays at $100 per bbl then only worth it.

Based on canada shale oil, production cost is approx $70-$90/bbl

If they can get 40k bbl a day means (if we assume $10/bbl net profit), means 400k usd per day net earnings + earnings from power generation

No matter what cash rich and both Kfima and fimacorp is undervalued. Better to hold kfima due to liquidity issues with fimacorp.

sbb run out of ammo? haha

who knows.. such a undervalue share...net cash per share already more than current price.

no exercise price cannot be adjusted as it is already at par value. The number of unit will increase(if held before ex date). Already announced together with the 1.65 rights proposal.

Rights subscription announcement on 20/1 and listing of new MBSB shares on 29/1

Warrant price no adjust.. the no of units you hold adjusted by about 16% more

Next Q report will not be good....

Still no contract fro it's Mopu Rubicone and pipe laying barge E3.. all sitting at port.. having holiday... for few months already....

I have held kfima for many years already, one of my few stocks that i have yet to sell.

I have negated the price movement no matter go up or down, i will still keep it. The nice dividend makes keeping long term a no brainer until the value reveal itself.

The other stock which i bought at the same time with kfima, which has recently run away from fundamentals i have sold and have reap >3x profits. The stock is tdm, and this makes keeping cash rich undervalue stocks a no brainer.

I predict we will see the same in kfima as possible repeat of tdm... but how long will be anyones guess. In the mean time i just sit back, relax and enjoy the dividends.

Bought through AVP (51% subsidiary)... this company & it's directors are politically connected...that's why can get the lucrative fire fighting vehicle conversion project.

I suspect is to manufacturer OnG equipment...

wonder when want to cancel the treasury shares...

manufacture palm oil mills check
manufacture boilers check
manufacture fire fighting vehicle check
Manufacture OnG equipment/vessel... ?

low PE stock is a rarity now days....

sbb on leave...

nowdays sbb very lazy liao..come only end of day...

Cause sellers mostly dried up already...

cimb also raise TP from 2.70 to 2.78...

Another undervalue share you might be interested in in Insas, 50% market cap in cash, another 50% market cap in shares of Inari Bhd.

You more or less buy the rest of the company for free...

Good analysis.. you covered everything..

Also cenbond dividend is on uptrend for the past 3 years and should continue on uptrend looking at how much cash they have.

Lower than last q but better yoy. Traditionally 4Q and the 1Q is the weakest.

Fair performance.

Kcchong... you never mention net cash per share of cenbond is almost 1/3 of market cap if i am not mistaken. Hence actual pe is very very low.....

i think if today's Q report positive.. RM 3 before CNY also no problem....

If not positive then can fall back to 2.50

today sbb on leave..new years eve same like Christmas eve...

Quarterly report.....

still no announce Q report....yet

raymond.. thats what sbb do.. push up the price.. of course at last minute only buy UP..

Priority of excess shares allocation..

1. To avoid odd lots (those who got odd lots please apply as you got priority to round up your lots)
2. Shareholders holding the mother shares subscribing to the excess (if you only hold OR and not the mother shares at date of subscription, you have low priority)

eddie.. separate bank draft to different payee for excess.. refer to the form for detail instructions.

Last day of SELLING OR is 3rd Jan
Last day of SUBSCRIBING OR is 13th Jan

Hope everyone is clear on this...

oh yeah babau you are right last day of trading is 3rd Jan

eddie, last day of lodgement and payment is 13th January before 5pm.

It is written on the bottom of subscription form...

last day of trading Or is on 6th lar not 3rd...