so who lost 4 bil? govt or ytl com?

YTL Power said YTL Communications won the project in a tender involving 19 companies.

The company however only took on two years of the project, before it was ended in June 2019, having invested over RM4 billion.

YTL Communications later claimed that the Ministry of Education had breached its contractual obligations, after it appointed Telekom Malaysia Bhd (KL:TM), Celcom Axiata Bhd — now known as CelcomDigi Bhd (KL:CDB), and Maxis Bhd (KL:MAXIS) as providers of interim internet services for the remaining second half of 2019, when YTL Communications had offered to do so for free.

Source: TheEdge - 6 Sep 2024

YTL Power said YTL Communications won the project in a tender involving 19 companies.

The company however only took on two years of the project, before it was ended in June 2019, having invested over RM4 billion.

YTL Communications later claimed that the Ministry of Education had breached its contractual obligations, after it appointed Telekom Malaysia Bhd (KL:TM), Celcom Axiata Bhd — now known as CelcomDigi Bhd (KL:CDB), and Maxis Bhd (KL:MAXIS) as providers of interim internet services for the remaining second half of 2019, when YTL Communications had offered to do so for free.

Source: TheEdge - 6 Sep 2024

YTL Power said YTL Communications won the project in a tender involving 19 companies.

The company however only took on two years of the project, before it was ended in June 2019, having invested over RM4 billion.

YTL Communications later claimed that the Ministry of Education had breached its contractual obligations, after it appointed Telekom Malaysia Bhd (KL:TM), Celcom Axiata Bhd — now known as CelcomDigi Bhd (KL:CDB), and Maxis Bhd (KL:MAXIS) as providers of interim internet services for the remaining second half of 2019, when YTL Communications had offered to do so for free.

Source: TheEdge - 6 Sep 2024

https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2024-09-06-story-h468262912-YTL_Power_Shares_Extend_Decline_After_MACC_Query_Over_Subsidiary

When ff smell money,they go in.Simple as that.

Talk east talk west tokok....wakaka

Just ask as a matter of curiosity.What is Msia rank on world corruption index? No.2 after Spore ka? why did ff rushed into msia in past few months? What is indonesia 's rank? Better than spore issit? why is jakarta stock index making a new multi yr high?

Come monday,first half hour the last of the panicky bilis will sell at any price.After that ytlp shud stabilize.Me shorted nikkei futures from 38k,now it is around 35k,nikkei futures has retraced around 50% of iys rise frm 30400 thereabouts.If nikkei rebounds,mkts will follow the rebound.

OTB is always willing to share his strategy freely.
This is valuable knowledge from a veteran investor with battleground experience,unlike those who talk war on paper.

To be fair to OTB,MACC involvement is a 'black swan event'.Only God himself will know this.
This plunge however offer investors who are eager to buy ytlp a rare opportunity to accumulate.At current price or maybe even lower price this is a firesale.
Unless of course Wall Street crashes,then all bets are off.
Investment is all about risk vs benefit.

Huatrex,you may be right to wait at 3.2.Am preparing to buy second batch.

As for the chap who want talk exchange rate,where were you when limpeh shorted nikkei from 39k to 31k over unwinding of yen carry trade.

Agjl,usa economy slowed enuf to warrant a fed cut mid Sept,that's all that matters.

OTB.The less of them who believe in ytlp at current price,the better for us to buy more at low.

Wall Street is turning green.All the best next week.

OTB.Bursa stocks are ady beaten to dirt cheap level.D&O drop frm 6.1 to 2.1.Vitrox frm 5.9 to 3.2.Many more.The risk of buying is not high now.Klci has not crashed,but many stks hv crashed,incl ytl grp.

OTB.No need wait 3.2.You wont get.

USA non farm payrolls indicate a soft landing scenario.Wall street is rebounding now.
Monday ytl grp rebound.

Any cases,defendent are innocent until proven guilty.

Tenaga pun got hit additional RM1.8 bil tax.
No worries.Utilities are hot n printing money.
You say ff run,they ady did when rm5,now buying back with huge discount.

Civil servants pay rise 15% while country still owing trillions.
Govt has to choice but to dig out all the dirty money.
Ytl group earnt billions n contributed billions in tax ( company n employees)
Use money settle la.No money then only got problems.
As for comparing ytl to serba...lol....you forget to take your medicine ah

Even jib can be pardoned,mind you ...:)

ytlp n ytl are currently index linked stocks of fbmklci,contributing to much of its rise past few months,management proven to deliver too,would PM want to sink these 2 giants n forego huge tax revenues they contribute,at the end of the day,anything will be settled privately using money....

USA economy is decelerating,but it is not falling off the cliff yet.Tonight's report will confirm that again.But bursa stks has ady fallen much.Any news not too teruk wont have much impact.

Usa economy may be slowing but it will not drop off the cliff yet.
Most likely next week will rebound...ady drop for 4 consecutive weeks n deeply oversold

OTB.I am referring to overall mkt transactions as provided by bursa.

oh,u mean macc cough n ytlp kena covid ka...

Chloe,ff day day buy ,local funds day2 sell.
Maybe ff are stu-pid? lol
Btw indon stock exchange made new high again

that fellow saying 60sen wan,go pawn house short ytlp pls...lol

ya ya,all very pandai ,more pandai than big boys doing RSS...lol
go check how much is RSS volume today before you talk ya

Ytlp earned billions Rm per year,it is not a lapsap goreng stock.

IB'S target RM7,now half price only.
What f bad news are all discounted.

Dragon.Your ff n ib's will come in to buy soon. :)

Good.The lower the more bad news are discounted.
TAMBAH.

today minimal RSS

truly undervalued now...

TAMBAH

SAPU

Not down cos tsh was never up hahaha
Such simple logic

Round 2 unwinding of yen carry trade in progress....watch out

Aiya,dragon never knows when to dispose wan.Look at all his posts,mana ada sell call.

cham..

Jangan lawan dia paktua.Hotstuff's followers frm harvard n mit.
yours frm pasar malam mungkin nya...wakakaka

Paktua you ada 355 followers,Hotstuff ada 4.
You lose !! Wakakaka.

You want waste your life ? Easy,just follow calvin.

this and that and semua will benefit cpo,but stock price stagnant....meaning there is something seriously wrong with TSH...wakakaka
Sounds logical ya :)

Thing is....you will be blamed 10 times harsher than you will be praised.
Anyway OTB,there are always ppl appreciating your contribution.

Nothing strange about being blamed,OTB.
the more market drop,the more you will be blamed....
This is the cycle....market up stock up,you will be called 'KING'
mkt down stock down...you are the scapegoat hahaha
Mr OTB,guess you have been around these circles long enough.

If cant withstand the volatilities of stock market,better keep money in bank.
Market is infested with crocs n sharks,preying on all the waterfishes.
This is a friendly advice.

Otb got charge anyone any fees? Did Otb or his ppl point a gun at your head forcing you to buy? If both answers are No,case closed.

Jealous for what? Me am happy for the ytlp investors ,esp the cat.