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Stock Market up more than 400 points yesterday. Today looks to be another good one. Companies earnings are great!
9:04 PM - Oct 31, 2018

Two more trading days left for oil before Iran's sanction kicks in.
Panic forward buying has commenced.
Shortists appeared to be trapped!!!

Likely, the Management buy back to support the counter...

3D Oil Limited
ASX Release; 24 October 2018
WA-527-P Update, Bedout Sub basin
Highlights
 3D Oil completes a WA-527-P review and has identified possible Dorado-1 look-alike structures in its open-file seismic data base
 The Company has commenced reprocessing of the open-file data in order to determine the continuity of the identified feature
 A proprietary hydrocarbon migration model for the basin has been developed by 3D Oil, which predicts a strong potential for the migration of oil into the western side of WA-527-P;

The EIA report is not as devastating to the bullish narrative as it might suggest.

1) For one, they might be a little skewed because of recent storms. “The figures will be distorted considerably by Hurricane Michael and should therefore not be overinterpreted,” Commerzbank said in a note. “Roughly 40% of U.S. oil production in the Gulf of Mexico had been shut down for three days, resulting in a good 2 million barrels less crude oil being produced.”

In theory, that would mean that inventories should have climbed by even more. But the Louisiana Offshore Oil Port (LOOP) was temporarily closed during the hurricane, and exports may have been impacted a bit. That would have trapped a little more oil inside the country than might have otherwise been the case.

2) Moreover, the steep decline in refinery utilizations also helps explain the easing of downward pressure on crude stocks. Refinery rates have plunged from 17.094 million barrels per day (mb/d) in late September (a four-week average) down to 16.415 mb/d as of October 12. Refineries tend to undertake maintenance at this time of the year, but lower production rates means that there is less of a draw on crude stocks.

3) More importantly, there are several land mines that could yet push the market back up into dangerously high territory, and they are the same ones that we have known about for a while. Venezuela lost 42,000 bpd in September, and Iran lost at least 150,000 bpd in production. Iran’s export figures actually look worse than its production levels, since some of its production is being stored on ships in the Persian Gulf. So far, Iran’s oil exports are around 1.5 mb/d in October, down 900,000 bpd from April levels. Analysts expect steeper losses over the next month, volumes that will more than outweigh any gains from the United States.

The declines from Iran and Venezuela are going to be hard to cover for, without dipping too far into OPEC’s spare capacity. Standard Chartered estimates that Iran will lose another 600,000 bpd by the end of the year. Inventories are large enough to ensure there won’t be a physical shortage in the market, but the road might get rocky once again. Any unexpected supply outage, such as from Libya or Nigeria, will have an outsized impact on prices.

4) Oil prices are actually down a bit over the past week, but some of the losses can be chalked up to the pessimistic sentiment from broader equity markets. “Oil prices are currently being driven by a disparate mix of factors. The overall macroeconomic context remains central, in particular market concerns about trade,” Standard Charted wrote in a note. “As was seen last week, oil prices rarely weather any abrupt changes in investor risk preferences.”

The investment bank argues that the recent pullback in prices may also be a function of investors having over-estimated how tight the oil market would become in the fourth quarter. A revision of expectations, in other words, led to liquidation of bullish bets and a drop in prices. “[W]e think that one of the major factors that is leading to a scaling back of long positions is a reappraisal of short-term fundamentals by investors. We think a significant degree of money entered the market on the view that the Q4 global supply-demand balance was likely to be tight enough as to be the single dominant driver of prices.”

5) The hyper-bullish narrative that began to take hold in September may now look a bit overdone. Still, that doesn’t mean that the market is flush with supply once again. All it takes is another unexpected supply disruption to send prices back up again.

By Nick Cunningham of Oilprice.com

Yes, the court has the rights to seize the defendants' assests!

Correction...it's still subjected to the outcome of the legal proceedings.
Should the defendants pay up, then it s a real big bonus to Hibiscus.

This has been a bad week for IDSS syndicates for the owner & its operator has been giving them hell.
Each time they tried to push down the price, they were forced to buy back at higher levels at the closing with hefty losses.

Quote Boneka: - Kenneth's message is nimbly clear..."Don't come and mess around with my darling counter or I will finish you"!!!

With Brent Oil moving back up steadily, it will likely revisit 1.36 and go for 1.50.

Nowadays, the operator is very sharp in trapping IDSS players...not so much of contras.

A very healthy retracement...started collecting again from 1.24 (after having dropped 9% from 1.36 or 12sen).
Will keep averaging down until it reverse back up.
Good job shortists!

Very smart manoeuvre by LTH.
The momemtum is picking up pace gradually.
A good sign for it will not be seen as insiders' trading.

Pursuant to Paragraph 9.03 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Perangsang Selangor wishes to announce that the Company’s 30% associated company, SPLASH Holdings and Air Selangor have mutually agreed to extend the execution of the SPA from 14 September 2018 to no later than 30 September 2018.

An announcement will be released in due course upon the execution of the SPA.

This announcement is dated 14 September 2018.
http://m.malaysiastock.biz/Company-Announcement.aspx?id=1086162

Darling stock for O&G :)))
As long as Brent is trading at above USD79 per barrel, its 1Q'19 is going to be explosive.
Singaporean investors, Pheim Asset Management & Polo Investmens Ltd that provided the initial funding knew about its true potential.
After having rode through its recovery well, they are now sitting pretty on hefty gains.
Follow these shrewd kiasu & kiasi investors and your investment will be richly rewarded!

Oil prices climb as U.S. energy firms cut rigs, Iran sanctions loom
By Reuters | 2018-09-10 09:48:52

TIGHTER OUTLOOK
With U.S. rig activity stalling and Iran sanctions looming, the oil market outlook is tightening.

"Investors have largely turned positive again ... likely welcoming the return of backwardation," said Edward Bell, commodity analyst at Emirates NBD bank.

Backwardation describes a market in which prices for immediate delivery are higher than those for later dispatch. It is considered a sign of tight conditions giving traders an incentive to sell oil immediately instead of storing it.
http://www.theedgemarkets.com/article/oil-prices-climb-us-energy-firms-cut-rigs-iran-sanctions-loom?type=corporate

Wow, wow, wow...truly dramatic!
The TP of 1.73 published by PublicInvest was a giveaway.
Nonetheless, at 1.02, there is still alot of meat left to chew...70% room more to go...definitely heading towards an X'citing year!!!
I must admit, Hibiscs is earmarked to be the new darling stock for O&G.
Congrats all long-term investors :-)

I'm sure everybody is expecting to make money.
There is no need to punish the minority shareholders!
Let the market forces decide and the majority shareholders should provide the golden touch.
Have a good industrial relation with everybody and in future more funds will trust you.
Don't chain the horse, let the horse run!!

Using DUFU & NOTION as the yardstick of measurement, COMCORP the laggy should be at least 1.00 already!
Sapu kaw2x!! :-)

Comintel's 2Q net profit more than doubles to RM2.49m
http://www.theedgemarkets.com/my/article/comintels-2q-net-profit-more-doubles-rm249m?type=Corporate

Investing in Comcorp should be about the “time in the market” (buy & hold) and not about “timing the market” (contra play).

Simply put, it has so much explosive profits coming on stream.
“The proof is in the pudding”. :-)

Posted by charlie82 > Aug 14, 2016 01:23 PM - 7195 COMCORP
Last 3 Qs EPS 11.8c equates to trailing forward PE 4.9x only trading at 78c vs NTA 84.2c; Potential catalysts for further strength?;
1. Based on this performance trend, the next QR in later half of September is likely to deliver another triple digit growth and based on an estimated FY17 EPS of 16c carrying a PE 8.0-8.5, a simple target could be $1.28-$1.36
2. Comintel Green Technologies (CGT) have finally received a permanent licence from Energy Commission on 1/7/16; which will enable CGT to commence operations and hence start to contribute positively to the current FY, in relation to the signed Renewable Energy Power Purchase Agreement (REPPA) contract with TNB for a 16-year concession contract totalling $106.7M with a schedule of estimated $6.67M revenue P.A. This could be additional revenue & profit stream, right??
3. Court case vs U-TV/VT, previously awarded $11.2M held in FD...now subject to further appeal, upon final judgement, could be uplifted to contribute positively to current FY
4. MOU (valid for 1 year) with Guinea govt & EXIM bank to implement telco and ICT solutions in Guinea, with potential contract value of US$42.85M over a 2 year project. If signed, this would be additional revenue & profit stream as well; G luck hunting recovery stocks.....;

Yup...looks like it's going to happen earlier than expected :)
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5186121
Further to our announcements dated 22 July 2016, 13 May 2016, 3 March 2016, 2 February 2016, 28 August 2015, 3 October 2013 and 16 July 2013, pertaining to the litigation action taken by Comintel, a wholly-owned subsidiary of Comcorp against U Television Sdn Bhd & Tan Sri Dato’ Seri Vincent Tan Chee Yioun in Civil Application No.: 08(f)-449-09/2015 of which leave have been granted by the Federal Court, the Board of Directors of Comcorp wishes to announce that Federal Court in Federal Court Civil Appeal No.: 02(f)-12-03/2016 (W) notified in their letter dated 24 August 2016 that the case management fixed on 22 September 2016 has been brought forward to 1 September 2016 as the extraction of the Court of Appeal’s Ground of Judgment is available for reference by Federal Court.

Further to our announcements on 3 August 2016 and 4 August 2016, the Board of Directors of Comcorp wishes to announce further information of the Tripartite Memorandum of Understanding (“Tripartite MOU”) entered into with the Government of the Republic of Guinea and Export-Import Bank of Malaysia Berhad (hereinafter referred to as the “EXIM Bank”) of which the details are as follows -

1. The basis at arriving at a contract value of USD42,850,000/- is derived from the initial proposal submitted to the Government of the Republic of Guinea and the budget allocated for the said Project, that is to implement innovative telecommunications and information and communications technology (“ICT”) solutions in the Republic of Guinea. The initial proposal was done after a technical requirement study was carried out with the co-operation of the Government of the said Republic.

2. The Tripartite MoU is valid for one (1) year is based on the mutual agreement and understanding of the Company, EXIM Bank and the Government of Republic of Guinea for the definitive agreement(s) to be formalised and to kick off the said Project, within the validity of the Tripartite MOU period.

This announcement is dated 8 August 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5170789

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5168801

COMINTEL CORPORATION BHD (“Comcorp” or “the Company”)
– Tripartite Memorandum of Understanding (hereinafter referred to as “Tripartite MoU”) entered into between the Company and the Government of the Republic of Guinea and Export-Import Bank of Malaysia Berhad

1. Introduction

The Board of Directors of Comcorp wishes to announce that the Company have entered into a Tripartite Memorandum of Understanding (hereinafter referred to as the “Tripartite MoU”) with the Government of the Republic of Guinea and Export-Import Bank of Malaysia Berhad (hereinafter referred to as the “EXIM Bank”) (hereinafter collectively referred to as the “Parties”) on 1 August 2016 in Jakarta, Indonesia to implement innovative telecommunications and information and communications technology (ICT) solutions in the Republic of Guinea (hereinafter referred to as the “Project”)
The Tripartite MoU is valid for a period of one (1) year from the date of signing unless earlier terminated or upon execution of the definitive agreement(s).
2. Information on the Government of Republic of Guinea

The Republic of Guinea is a country in the West coast of Africa and was formerly known as French Guinea. The said Republic has a population of ten point five (10.5) million and an area of two hundred and forty five thousand and eight hundred and sixty (245,860) square kilometers and is a predominantly Islamic country with Muslims representing eight five per cent (85%) of the population. Although French, the official language of the said Republic is the main language of communication in schools, in government administration, in the media but more than twenty-four indigenous languages are also spoken. The said Republic is largely dependent on agriculture and mineral production and it is the world’s second largest producer of bauxite and has rich deposits of diamonds and gold.

3. Information on EXIM Bank

EXIM Bank is Malaysia’s sole development financial institution under the Minister of Finance Inc., which is dedicated to the promotion of external or cross-border trade providing banking facilities to support export and imports of goods, services and overseas investments as well as providing export credit insurance services, export financing insurance, political risk insurance and guarantee facilities.

4. Rationale for the Tripartite MoU

The Parties shall collaborate and work together to evaluate the feasibility of the
Project for the Parties’ best interests. The Tripartite MoU shall form the basis of consensus of the Parties to examine the feasibility of the Project until such time as the definitive agreement(s) is entered into by the Parties.

5. Effects of the Tripartite MoU

The Tripartite MoU is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the Company for the financial year ending 31 January 2017. Should the project materialize, it is expected to contribute positively to the future earnings of the Group.

6. Statement by Directors

The Board of Directors of the Company, having taken into consideration all aspects of the Tripartite MoU, is of the opinion that the Tripartite MoU is in the best interest of the Company and its subsidiaries.

7. Approvals required

The Tripartite MoU is not subject to the shareholders’ approval of the Company and any relevant government authorities.


This announcement is dated 4 August 2016

Congrats to those who held on to their shares!
It was rather obvious that the operator/syndicates have been sneakily collecting shares from contra players for the past 2 weeks. This can be seen by the hidden hands that were manipulating the quotes.

LATEST NEWS, CORPORATE
RAM sees rising interest in renewable energy projects in Malaysia
By Surin Murugiah / theedgemarkets.com | August 1, 2016 : 2:12 PM MYT
KUALA LUMPUR (Aug 1): Interest in renewable energy (RE) projects has been gaining momentum in Malaysia, fuelled by the push for environmental awareness, sustainable and responsible investing, technological advancements, and a stable local regulatory framework, according to RAM Rating Services Bhd.

http://www.theedgemarkets.com/my/article/ram-sees-rising-interest-renewable-energy-projects-malaysia

Technically ripe for a bottom reversal...BUY!

Time is running out for U Televison Sdn Bhd & Vincent Tan...tomorrow will be D-Day!

MATERIAL LITIGATION - At the case management on 12 May 2016, the Federal court has fixed 20 July 2016 for further case management pending the extraction of the Court of Appeal’s ground of Judgment and seal Order.

If the defendants' appeal gets thrown out, then the said sum of money (RM15mil inclusive of interest @ 5%p.a. from 5/7/10) that was paid to a joint escrow account of solicitors, will be awarded to Comcorp accordingly.

Certainly a diamond in the rough..don't miss the ride!

Some funds have been eyeing this counter...quietly sapu abt 2 mil shares just before closing :-)

Berjaya Jackpot draw on 20th July...
Payout = RM14M :-)

BUY

QUOTE Icon8888 - "This stock is UNDERVALUED BEYOND DOUBT. If you do not have the courage and the wisdom to take position at current price of 52 sen, you probably shouldn't be in the market". BUY!!!

Ref: http://klse.i3investor.com/blogs/icon8888/88366.jsp

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5107909
Circular/Notice to Shareholders
COMINTEL CORPORATION BHD
Subject COMINTEL CORPORATION BHD ("Comcorp" or "the Company") Circular to Shareholders dated 30 May 2016 in relation to the -
(I) Proposed Shareholders' Mandate for Recurrent Related Party Transactions of Revenue or Trading Nature and
(ii) Proposed Renewal of Authority for the Company to Purchase its Own Shares.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5107289
GENERAL MEETINGS: Notice of Meeting
COMINTEL CORPORATION BHD
Type of Meeting Annual General Meeting
Indicator Notice of Meeting
Description COMINTEL CORPORATION BHD ("Comcorp" or "the Company")
Notice of Thirteenth ("13th") Annual General Meeting

Date of Meeting 23 Jun 2016
Time 10:00 AM
Venue Classics Ballroom, Holiday Villa Subang
No. 9 Jalan SS12/1, Subang Jaya
47500 Petaling Jaya
Selangor Darul Ehsan

Date of General Meeting Record of Depositors 16 Jun 2016

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5091765

Inclusive of late interest accrued at 5%pa, that's a cool gain of about RM14M. Wow!! :-)

Comcorp will have "Wings To Fly"
https://www.youtube.com/watch?v=QaIf0vtNvBA
Book your ticket early :-)

http://klse.i3investor.com/servlets/anpth/1153759.jsp

COMCORP - OTHERS COMINTEL CORPORATION BHD ("Comcorp" or "the Company")
1. Proposed Shareholders' Mandate for Recurrent Related Party Transaction of a Revenue or Trading Nature;
2. Proposed Renewal of Authority for the Company to Purchase its own Shares. (hereinafter collectively referred to as "the Proposals");

Comcorp has been granted the elixir of life!! ^^

Posted by elixir > Apr 13, 2016 11:24 PM | Report Abuse 
Definitely undervalued, with 1st qtr results coming the earning expected to improve significantly, taking some contribution fr green tech eps may even hit 15cts whole yr. So buying now is very safe. THIS IS A TURN AROUND STOCK. Well diversified stock with fwd sustainable earnings. This few days and very soon it is going to explode when funds get to know the prospects of this stock. BUY ALL THE WAY. Dirty syndicate cannot keep the price too low for long.

Some funds were accumulating slowly over the past 3 days....
Dirty syndicate days are numbered :-)

This afternoon will be ripe to take on 0.83 - 0.84 levels :-)
Know your facts well...EPS = 10sen and not 0.05sen...remember!!

Support at 0.770.
Subsequent rally shall catapult it to 0.84...
Ultimately, 1.00 would be it's respectful spot on the podium!!

Technically, it will retest the resistance at 0.91 again... :-)

Bullish Engulfing Pattern formed!!
:-)

Posted by k88a > Mar 29, 2016 01:02 PM | Report Abuse X

Blog: (fayeTan) The power of i3 blog 2.0 (it can even cause Public Listed Company to amend their result)- Mar 29, 2016 05:39 AM | Report Abuse 

Posted by Icon8888 > Mar 29, 2016 05:39 AM | Report Abuse 

This round fayeTan gave too much credit to bloggers 

Firstly, Comcorp went up not necessarily because of icon article. It was obvious that in past few weeks, somebody were accumulating. They have already planned it. With or without my article, it would have gone up 

Secondly, Comcorp amended the result not necessarily because of YiStock article. It was most likely the company's own internal decision (I have never seen a wrong announcement NOT amended. The PLC will finally get it sorted out). I guess a junior executive must have been responsible for the first announcement, which missed out one page (in my article, I mentioned that). After that he included that page, but with plenty information wrong (prompted YiStock to write about it). Yesterday evening, Comcorp made a third announcement to rectify all errors. It turned out that the results were pristine and there were no major exceptional items that distorted earnings. In other words, Icon's earlier article did not require any amendment at all. The result is as good as it was first announced and written about 

Having said so, it is extremely regrettable that it took them three announcements to get things right. What they released was very price sensitive information, they should have gotten it right with one release, not three. If anybody has lost money due to their mishandling, he should complain to Bursa or SC; 
======================================================================= 
QUOD ERAT DEMONSTRANDUM - It's already proven in the 2nd amended results that Comcorp has indeed achieved awesome profits!! 
So, cut the crap and stop the rants! 
Move on....unless of cos you have missed the boat earlier and start reacting like morons in throwing tantrums here with the hope of buying in cheap!! 
Win or lose, let the market decides...afterall, it's a willng buyer, willing seller basis...Nobody pointed a gun at your head to buy!! 
Btw, did you noticed the "Morning Star" formed? :-)

Quarterly rpt on consolidated results for the financial period ended 31 Jan 2016

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5039889

Friday, 25/3/16??
That is why the heat is on....

Still alive!!
Revenant :-)