InsiderShark

InsiderShark | Joined since 2020-06-16

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Stock

8 hours ago | Report Abuse

@sonyx123

Could be retailers who gave up, could be IB that doesnt want the price to go up because they have warrants. Could be EPF trading. Just wait for all 3 big FPSOs to strike first oil, FPSO Anna Nery will strike oil at the begining of 2023, just wait.

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2 days ago | Report Abuse

Weird, they dont have impairment loss for the shares they bought back? 10 years later, the anthem for TG is 我不做大哥好多年

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3 days ago | Report Abuse

khatulistiwa1234.... I think you need a mental break. Sorry to say this, you sound like you lost alot of money to the point where you are crazy now.

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4 days ago | Report Abuse

@UlarSawa

Still blaming IB? Price drop because of fundamentals. TG lost money, no? Sales down, ASP down, volume down, production line down.... so naturally the price also down due to fundamental.

If IB can dictate the price, then Serba before the accounting scandal should have fly up 50%, no? all IB gave crazy TP but price never move also. Because Serba fundamental got problem.

Wake up, TG still got room to go down as they have debt problem now. Can they service their debt in the coming years? Harta is smart enough to clear down their debt and keep the cash, TG made bad decision and now they have to suffer.

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4 days ago | Report Abuse

Instead of saving the cash or pay down their debt, TG give all away as dividends and do share buybacks. Can they even service their future debt?

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1 week ago | Report Abuse

if ARBB can enter Nasdaq, then myeg can enter nasdaq too. think about it. ARBB in nasdaq? boss scam people. sell before it is too late.

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1 week ago | Report Abuse

run, glove 2.0.... run before you lose your brain like all the glove holders.

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1 week ago | Report Abuse

Well, they spend it on Shares buyback. It could have been 2 cents.

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1 week ago | Report Abuse

Glove 2.0. Run before you lose your mind like all the glove holders.

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1 week ago | Report Abuse

you need at least 10 years to break even....

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1 week ago | Report Abuse

khatulistiwa1234, are you from CK? Mr.Lau? You sure type like one of my friend, cap letters, short words, and ....

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1 week ago | Report Abuse

@khatulistiwa1234

From CK

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1 week ago | Report Abuse

@khatulistiwa1234

Are you Lau TC? I know a friend that type messages like you. Wonder if it is you.

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2 weeks ago | Report Abuse

this kind of company can enter nasdaq?

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2 weeks ago | Report Abuse

Saipem, working with MISC, was said to be other remaining bidder in the race, with the Malaysian rumour-mill suggesting MISC had high hopes for this job — especially with Saipem on board.

Also jostling for the prestigious job were Technip Energies of France working with Malaysia’s Yinson.

Upstream understands the Technip Energies-Yinson group may have withdrawn from the bid process due to commitments elsewhere, not least on the two other Angolan schemes.

The news that Bumi is in a pole position for Cameia has been circulating in the FPSO market since last week.

However, officials at Asian yards have been scratching their heads to figure out which yard the Kuala Lumpur-based player has selected for the hull and topsides work.

Officials of leading Chinese yards said they have not been approached by Bumi for the possible subcontract.

Bumi is keeping its cards close to its chest about the yard selection, although several sources suggested it is looking at yards in Southeast Asia, specifically Singapore, where Bumi has had at least three FPSOs converted in the past.

Well-placed sources close to Bumi told Upstream the company has proposed a converted FPSO.

“It could be converted from an oil tanker or even floating storage unit,” one source familiar with Bumi’s proposal said.

TotalEnergies tendered the Cameia FPSO last year after having drilled a successful appraisal well on the Golfinho discovery that confirmed significant reservoirs located beneath the salt layer.

Originally, a final investment decision had been due to be taken this year, targeting first production in 2024 or 2025.

However, some projects watchers suggested project sanction could slip to 2023 which would imply first oil moving out to as late as 2026.

Cameia and Golfinho are located in blocks 20/11 and 21/09 in a water depth of about 1700 metres.

Discovered in 2012 by US company Cobalt International, they are two of seven deep-water discoveries made in the two blocks and hold reserves of about 420 million barrels of oil equivalent. This Kwanza basin acreage was then taken over by state oil company Sonangol, which subsequently brought in TotalEnergies as operator.

The development involves about five subsea wells tied back to the FPSO, with Cameia at the heart of the project and Golfinho set to be a satellite.

Cameia-Golfinho will be the first deep-water project in the much-hyped pre-salt Kwanza basin where hundreds of millions of dollars were spent on wildcats from 2012 with little to show for it.

Oil companies had hoped the basin’s hydrocarbon riches would match the billions of barrels of oil found in Brazil’s conjugate margin on the other side of the Atlantic Ocean.

However, apart from the minor Azul discovery made by Maersk Oil in 2011, only Cobalt made notable discoveries, including Cameia in 2012 and Golfinho in 2016.

Six years ago, Cobalt was evaluating bids for a 75,000 bpd FPSO for Cameia, but that project collapsed when hit by low oil prices and Cobalt’s financial distress.

Under that plan, an initial development was expected to exploit between 250 million and 350 million barrels of oil.

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2 weeks ago | Report Abuse

TotalEnergies has chosen its preferred contractor to provide a floating production, storage and offloading vessel for the Cameia-Golfinho project offshore Angola, which will be the first development in the Kwanza basin.

The French supermajor’s decision came just weeks after Eni and BP — which subsequently joined forces in Angola to form the Azule Energy joint venture — chose Yinson to supply FPSOs for the Agogo and Palas-Astrea-Juno (PAJ) projects, marking a much-needed resurgence in upstream activity in the country after years of falling investments.

Between them, the Cameia-Golfinho, Agogo and PAJ developments could boost Angolan production by more than 300,000 barrels per day — welcome news for a nation that in July became Sub-Saharan Africa’s biggest oil producer, surpassing Nigeria and averaging 1.177 million bpd.

Contracting sources in Asia and Europe told Upstream that Malaysian offshore contractor Bumi Armada is leading the race to land the deal for provision of an FPSO with production capacity of 100,000 bpd.

Bumi completed the front-end engineering and design work for the floater late last year and its commercial proposal is very competitive, sources said.

Some project watchers suggested TotalEnergies signed a letter of intent with the Kuala Lumpur-based FPSO player early this week, but this could not be confirmed.

“The LoI was scheduled for signing Monday, though it is not (certain) the signing ceremony took place,” one source said.

Another contact familiar with the tender process said: “I know they [Bumi] are leading and going ahead.”

Kuala Lumpur sources claimed Bumi has a conditional letter of award for the Cameia FPSO.

Upstream understands there are expected to be several months of pre-engineering work on the FPSO before a formal award is made by February 2023.

The contract up for grabs is said to cover engineering, procurement and construction, with TotalEnergies owning the vessel after delivery.

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1 month ago | Report Abuse

put good news to trap people.... enter nasdaq? so easy? boss spread good news only.

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1 month ago | Report Abuse

every trader thinks there will be a rebound tomorrow, so they buy.

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1 month ago | Report Abuse

@Mini2021

Such a childish thinking. You think banks really care? RM2B is nothing compared to the size of our money market. Harta dont put in FD, most likely in money market.

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1 month ago | Report Abuse

many do not know pre-covid, TG and Harta has a PE of 30-40, why? Because it is a growth stock. Now that their ASP is declining, sales too, and assuming that the PE goes to 16, what will the market cap be? For Harta, if their PE goes to mean at 16, you'll see a market cap of RM4Billion. This is just my opinion.

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1 month ago | Report Abuse

one off contribution. Rm400m by the big 4. We just assume each donated Rm100m. Not a problem... palm oil guys also never complain. windfall tax for so many years.

cukai makmur is not just glove, most big co are taxed.

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1 month ago | Report Abuse

@Cerubic

What BS you talking? There is never a windfall tax on glove. Where? When? please show evidence. dont create fake lies.

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1 month ago | Report Abuse

Harta is a good company, management is good, just look at how they manage the cash pile. I dont own Harta, dont plan to buy it anytime soon, but I know long term it will be good. If it drops to a point where it doesn't make any sense, maybe I will buy. For me, still expensive, why? Say if their quarterly profit hovers around RM50-80m for the next few years, the price will probably hover between RM2, plus minus. Even if it shows a few quarter of profit increases, the price wont go up much, so, I will wait.

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1 month ago | Report Abuse

@不敢爲天下先

There was no windfall tax for glove. You create your own story.

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1 month ago | Report Abuse

@khatulistiwa1234

Did you continue to average down? When you started investing? How much is your losses?
Be positive. Everything will be alright.

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1 month ago | Report Abuse

@khatulistiwa1234

Sorry to hear this, how much is your paper loss and %?
Be positive, things will be better eventually.

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1 month ago | Report Abuse

@khatulistiwa1234

Stop spamming to hide other people's comment.
profit is down, last QR profit was RM200m, because of cukai makmur, it is negative RM202m
this qr the profit is RM88m.
therefore profit drop to RM88m from RM200m.
sales drop, revenue also drop.
stop dreaming it will limit up.

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1 month ago | Report Abuse

@Mini2021

Do you even read? Harta QR drops, last qr profit was RM202m (was negative RM200m after they pay cukai makmur), this qr is RM88m. So, the profit drops.

Goodness. Do you even read the report?

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1 month ago | Report Abuse

@Mini2021

Last qr was not negative lah. still profitable, they just pay the cukai makmur. last qr profit was RM202m, not negative. It is a drop in profit.

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2 months ago | Report Abuse

nikicheong, yinson only got 3 ongoing project, not 4, and 1 will be completed first half of 2023. Angola is still in discussion stage. Yinson is also eying ENI.

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2 months ago | Report Abuse

Yinson wins BP option for FPSO deployment in Angola

https://www.energyvoice.com/oilandgas/africa/ep-africa/431623/yinson-angola-bp-fpso/

BP has signed an exclusive option with Yinson for an FSPO to work on the proposed PAJ project, in Angola’s Block 31. BP Exploration Angola, the operator of the block, has reserved the FPSO Nganhurra. It will work on the proposed 10-well project, which covers the Palas, Astrea and Juno fields.

Yinson will reserve the FPSO for BP until the end of 2022, with an option to extend until June 23, 2023.

During this period, the companies will negotiate a contract to convert, operate, maintain and lease the FPSO.

The lease and operate contract, which should run for 10 years, is expected to begin at the end of 2024. This is subject to BP reaching a final investment decision (FID) on PAJ. BP is due to combine its Angolan operations with Eni in the second half of this year.

Yinson CEO Flemming Grønnegaard said the deal confirmed the company’s position as “preferred contractor in executing FPSO redeployment projects, which have significant capex and schedule advantages, for established oil & gas players such as bp”.

The official noted Yinson had recently carried out two redeployment projects, on the FPSO Abigail-Joseph and FPSO Helang. It is also working on a redeployment plan for FPSO Atlanta.

“We are confident that our track record, technical knowledge and experience in this industry will support and fulfil BP’s business needs,” Grønnegaard said.

Yinson has an exclusive option to buy the FPSO Nganhurra until June 30, 2023. The vessel has production capacity of 100,000 barrels per day. Samsung built the FPSO in 2006.

The FPSO was deployed on Australia’s Enfield field until autumn 2018. It is now laid up outside Labuan, in Malaysia.

Woodside Energy, in 2018, said the 270 metre-long double-hulled FPSO would be laid up. The Australian company said its “condition makes it too good for the scrap yard”.

Heerema Marine Contractors, on July 25, said it had won decommissioning work for the Nganhurra riser turret mooring (RTM), which is still on the Enfield field.

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2 months ago | Report Abuse

happy888, what has the bankers got to lose by waiting? If they force it upon Serba now, they lose everything, but by waiting, maybe karim can deliver and they get back everything. I bet one of the T&C is no sales of asset without their approval. Thus, the bankers got nothing more to lose by waiting, and if karim fails to deliver, they will just continue with the court case.

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2 months ago | Report Abuse

Sell on news. Tomorrow down?

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2022-06-02 19:45 | Report Abuse

Andy Hall approve. this means Dyson can now official announce new contract for SKP. And since SKP is the first and one and only EMS approved by Andy Dewan, expect more contracts coming their way.

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2022-06-02 19:44 | Report Abuse

I really pity UlarSawa. I dont mean in a sarcastic way. I hope he is fine and will find a way to earn back the money he lost. Good luck UlarSawa.

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2022-06-02 13:33 | Report Abuse

TG and Inari out. QL and WestPort in.

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2022-06-02 12:43 | Report Abuse

imagine tg took the billions and invest in bonds or a few other blue chip co like mbb, pbb, pmetal, palm oil and etc, now can lock in even more profit. even if no capital gain, the dividend given will help tg to fight china glove for a long time.... too late

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2022-06-02 09:46 | Report Abuse

even if one day TG announce good results, it will take at least 2 or 3 quarters of good results and signs of earnings growth that TG will finally go up, till then avoid.

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2022-06-02 09:36 | Report Abuse

QL and WestPort going into KLCI, Inari and TG are out.

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2022-06-01 13:07 | Report Abuse

someone stuck in this stock and now go everywhere to promote

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2022-06-01 13:05 | Report Abuse

the problem is you expect it to fly after you buy. go back and look at other charts, companies like PPB, QL, or Harta (Before covid) had a few years of flat share price, sometimes as long as 4 years, then it flies. sometimes 2 years, we dont know. The key is to buy a company that wants to grow their earnings and wait.

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2022-05-31 23:53 | Report Abuse

stocksensei,

wah, you think so easy to bring up back to RM1? how many billions needed? you think Karim is Elon Musk? If really want to bring back to RM1, easy, share consolidation. 10:1, it will go back to RM1....

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2022-05-31 22:16 | Report Abuse

Karim talks about vertical farming as if it is something new, like it doesn't exist 20 or 50 years ago. There is a reason why vertical farming never took off - cost. No matter how, it is cheaper to just grow on land.

Karim sure can BS. If vertical farming is so profitable, then Saudi, Singapore and many small countries dont need to import vegetables anymore, just grow for food security reasons. Which we all know, even the saudi tried those circle farming thing and eventually gave up as it is too costly.

https://www.youtube.com/watch?v=ziGN8HXdj6U

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2022-05-31 21:47 | Report Abuse

Where is PearlWhite?

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2022-05-31 20:13 | Report Abuse

Huangbk72, how to know if it is real 'free cash flow' and not fake? after all, they will show this new QR to the bankers and hope they will sign a new term. Once a liar, forever a liar. cannot be trusted

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2022-05-31 18:59 | Report Abuse

every country will protect their food industry, setting up farm in Mexico and import it to USA is a bad idea. USA will protect their dairy industry by imposing import tax or something... unless that product is unique or not essential, like chocolate or rice

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2022-05-31 18:57 | Report Abuse

Dyson contract ends June 2022. GG.

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2022-05-31 18:56 | Report Abuse

a very uncomfortable situation....