Past few days maybank got sold down like nobody business
Indonesia rupiah and Malaysia ringgit and Russia rouble is in crisis free falling
If maybank get sold down to below $5 , then officially msia is in crisis ..

Seems like in crisis mode

Maybe had something to do with the rupiah, Asia currency drop Vs dollar

If Maybank also get sold down, something is wrong with this economy

http://www.themalaysianinsider.com/malaysia/article/after-umno-mans-report-police-open-investigation-paper-on-1mdb

Police will open an investigation paper on the controversial state sovereign fund 1Malaysia Development Fund (1MDB) following a police report lodged by an Umno division leader.

Home Minister Datuk Seri Dr Ahmad Zahid Hamidi said the report by Batu Kawan Umno division deputy chief Datuk Khairuddin Abu Hassan was strictly personal and had nothing to do with the Malay party.

"It's an individual's problem, the division is not involved. I consider this a personal report lodged by the person.


"1MDB is an off-budget agency, operating according to off-budget agency guidelines.

"Now that a report has been lodged, the police will open an investigation paper and will act in line with normal investigating procedures," he said in Kuala Lumpur today.

In his police report on Friday, Khairuddin had called for a “detailed and comprehensive” investigation, urging the authorities to interrogate 1MDB’s directors as well as representatives of any company implicated in its scandal.

In an interview with The Malaysian Insider, Khairuddin denied he was part of an internal plot in Umno to weaken the party president and prime minister Datuk Seri Najib Razak.

Najib is the chairman of the 1MDB advisory council.

Khairuddin, reportedly a strong supporter of Tun Dr Mahathir Mohamad, who has been vocal in his criticism of Najib and the fund, had said he was only acting for the sake of public interests.

Lodging the police report against 1MDB had nothing to do with Umno, its president or the finance minister, said the businessman who has been an Umno member for more than 25 years.

Khairuddin's action has caught the attention of top party brass, with Umno secretary-general Datuk Seri Tengku Adnan Tengku Mansor advising him to retract the report, while Penang Umno distanced itself from Khairuddin's action, saying that he acted on his own.

1MDB – Najib's brainchild – is Malaysia's second sovereign wealth fund after Khazanah Nasional Bhd.

The company had recently come under much scrutiny after several opposition leaders highlighted the fund's massive debts, dubious land deals and secrecy over its transactions.

Dr Mahathir had also publicly criticised Najib and questioned the fund, asking Putrajaya to explain how 1MDB benefited Malaysians, as it incurred a RM38 billion debt within just five years of its operations.

Besides Dr Mahathir, criticism against Najib and the fund have also come from pro-Umno bloggers, most prominently veteran newsman Datuk A. Kadir Jasin, who reported that Dr Mahathir was concerned enough to call for a meeting with top 1MDB officials to grill them himself.

Hours after Khairuddin lodged his report, 1MDB responded on Friday night with a statement that the report had no legal basis. It also welcomed any investigation into its affairs and the opportunity to rebut malicious allegations. – December 15, 2014.

Why bring out a case which happen years ago unless there is a motif behind :)

Problem with Stanley is he is opposition supporter
That didn't go down well
Now he paying the price

Biasa la...
Every company have borrowing even for ytl etc
They borrow in USD as they also get paid in USD
so there shld not be much impact , as they already lock in most of the jobs prior to the low oil price
Although some here may think they borrow in USD and get paid in rm or rupiah which is just those people spreading rumors to hope it will go down more ..
The current trend is more due to panic or over reaction

Ps . I don't have any skpetrol but I think it's cheap
The selling a bit overdone

Relax .. Wait for your brim
Anyway now skpetrol is already very cheap
When merge that time btw kencana+sapcres -I think it is $2.20
So long oil still need to run power plants , cars , industry , boat - long term is no problem

This warrant won't move much
Look at the conversion ratio

At $60 the shale will bust
So u can sort of tell where the floor price of oil is

I don't have skpetrol
But I think it's already quite low price
So to those who have it - nothing to worry

Jgn takut . Nanti saya bagi brim

Like I say , Jgn panic , nanti saya bagi brim
The seller Mayb is buyer
They wanna buy and collect cheap

No need to panic. Nanti saya bagi brim

Skpetrol wont go bankrupt
Similarly like Malaysia airline it won't be broke
As EPF is there to support

EPF raises stake in SapuraKencana Petroleum to 13.48%
Why worry ? EPF buying more as its cheap

Let's face it - oil price is stabilizing
And it doesn't make sense one day a Saudi tom dick & harry come out cry wolf - u sell
Next day when it rebound - u buy back
Best is just hold as everyday some people will short oil and ask the Saudi clowns to cry wolf
Then when oil go down , they make millions ..
If go up also they make millions
End losers is you yourself - if u don't hold ur shares
Your remisier will also make commision and laugh at you !

I wonder what's the panic all about
So if tomoro oil up 5% u buy back ?
Next day drop 5% u sell again ?
Well just relax ... Haha go for break

Look at big picture
Petrol won't be extremely cheap
The current down is due to Saudi only
Our petrol pump price when u go station minyak pump doesn't go down
In fact it may go up ! :) like diesel it went up

As I say the word Alam sounds like "syurga"
Don't let it bring u go to the next alam / afterworld
They shld change their company name to Salam instead of alam
Maybe after that it will go up

When i say "shld be" resilient - I mean -The resilientcy depends on whether which direction the gov via epf want the index to go
Also u will receive ur "BRIM" handout "soon"

Yes no need to panic as msia shld be resilient
Most blue chips controlled by EPF + khazanah

Yes , you got burned and have cutloss
So u need to move on
Else u will get burned again and again by creating stories/tales

Murali must have got burned big time by buying high this counter
Instead of now low price he bought 1.70 and already cutloss
Usually the losers will come back and talk bad about shares which they have cutloss
Most company have receivables pending payment even for knm , skpetrol or larger company like sime Darby etc
maybe u can cook up some story about sime Darby etc also

Tas is a boat making company whereby and net cash
Maybe murali u been burned when buying tas at high @$1.70- but now it's at low & cheap valuation emerged. Eg.
I also wonder why would u concern about the meagure receivables ?
It's too cheap and dividend paying company
The IPO is I think at 90 sen - so now is the cheapest
When it shoot up, dont miss the boat

Seems like yesterday the oil and gas counter in mr Dow jones all rebounded
Don't miss the boat

One must wonder , what all these foreign analyst and so call expert stand to benefit , if :?
1) ringgit and other Asian currency drop /crash
2) follow by the stock market etc
3) oil price keep dropping
Looks like every day some dicky and wannabe smart analyst cnbc, etc try to paint bad picture on countries dependent on oil.. Ie venezuela , Nigeria , msia
Maybe they help those currency , oil speculators ?
BNM shld do something to stop these speculators hehe

Tapis is $107 dollar a barrel up to nov end
so nothing to worry la
Why go follow the cheap oil index like Brent ? Haha That's what the minister trying to tell u all .. We follow tapis
Skpetrol I think follow tapis index - that's why their profit so good

Follow the "tapis" index it's still party time
Don't get too carried away by lower quality oil eg brent
$40 will give u oil with lots of sulphur haha

Dr m = petronas advisor
Sk will continuously get job contract from petronas - no worries as its father to son deal
So- no worries ..

By today movement most of oil and gas good stock is quite stable
Eg sk and dialog is stable

Sk petrol = dr m petrol
Using this logic - it won't bankrupt

I think can buy now as its debt free company and cheap

This is the better share - its build boats
PE 5 and almost debt less

This stock will be delisted by next year Jan 15
After that the value will be zero
To find Calvin - u all can go to the swamp which belong to mpcorp in Jb where he is hiding there

Where is this Calvin hiding ?
He is like a tikus - after he bring people to holland he then hide in the hole
I think he already cutloss all his shares and runaway

One word to describe Calvin = retarded

Because earlier the way he marketed mpcorp and some other crapco as cheung kong or Berkshire Hathaway
I almost laugh until I fell off my chair
Now maybe he owe ah long money and running away
Calvin is the cutloss king haha
If ahlong also buy - the more they would want to find Calvin
I think he hiding in the swamp belong to mpcorp in Jb now

A few ah long is finding Calvin

Dufu is tofu
One off gains , next quarter will again become tofu

I think the selling is overdone
Well seeee look and look see
Tabung haji + epf may mop up the lelong shares

He dodge the bullet
He will always buy lowest , sell highest
His shld reveal his real portfolio -maybe already lost 100%

I dont think Calvin know how to see financial statements , assets vs liability , current/quick ratio , etc else all this will flag out. before it drop to PN 17
what he see is the imaginary part
Eg imagine the swamp/land turn into gold
There is also no access road to the swamp
So ideal for Calvin to hide there from "Ah long"

Calvin run already - ah long after him
Maybe he hide at the mpcorp swamp/"land" in jb

Perisai - after such a big drop , now it seems cheap cheap
it's not "sai" it's perisai

It's a pump & dump la as all the big funds wanna exit

Beware - could be a one day rebound or pump and dump
As afternoon maybe force selling

Messrs BDO highlighted that the current liabilities of MPCorp at the group and company level have exceeded their current assets by RM262.971 million and RM89.571 million respectively.
Liability is 3X the asset !!! Exceed the danger zone