还原金鹏Transmile的假账丑闻

金鹏创办于1993年，在1998年上市与大马交易所，主要为快递公司在东马和西马提供航空运送包裹服务。从里到外，账面上称得上是一家有实力的运输公司，具备许多优势，包括与DHL的良好合作关系、在亚洲各地拥有降陆权、旗舰队伍庞大等等。

此外，大马首富郭鹤年家族是金鹏的单一最大股东，在2004年以策略投资者身份买入19.5%股权。国库控股 Khazanah则是第二大股东，持有17.3%股权；大马邮政Pos持股9.2%。由于业绩大好，加上有当时的交通部长敦林良实医生为主席，金鹏称得上是当时基金界的当红炸鸡。

丑闻被揭发的序幕发生在2007年，当时董事部质疑未审核账目，并要求第三方介入进行特别审计。金鹏的应收账款在一年内从RM100m+激增至RM300m+，不过却没有对相关收入作出特别说明，引起各方的瞩目。牵扯出与主要顾客兼联号企业CEN Worldwide之间，存有许多不寻常且不明确的交易活动。

事发后，Deloitte被委任为外稽审计师，以进行特别的审查活动。然而，迟迟未能向管理层取得相关支援文件，导致最终审核一拖再拖。最糟糕的是管理层在这段期间选择沉默应对，被投资者诠释为企业监管出现问题。不久后，证券监督委员会突击搜查金鹏办公室，并取走一些文件和电脑，以协助调查相关的假账事件。

最终，特别审查报告出炉，金鹏的2005年和2006年营业额被夸大或虚报高达RM500m+，涉及其他20家嫌疑的公司，主要因为未能从管理层获得有关支持文件。假设最终作出全面拨备，其2006年业绩将从原本的RM270m盈利变成RM126m亏损。

此外，也未能取得早前购买产业、厂房和机械的满意支持文件。金鹏不只夸大其帐目，同时也“捏造”额外的RM300m+资产。

值得一提，金鹏在2004年时候仍是一家平平无奇的公司，业绩不特出，不过却在2005年开始脱胎换骨，甚至在油价大涨的2006年时期逆势交出历史新高业绩，令市场眼前一亮。其股价也水涨船高，在4-5年内从2.00左右一路飙升至假账被揭发前的15.00+。

之后，金鹏进行人事大整顿，有3名董事辞职，同时也成立执行委员会，以接管总执行长职权。大股东郭氏及邮政控股所组成的委员会，接手金鹏的日常运作。郭鹤年派出2名亲信进入董事局，以拯救当前的局势。

外界也陆续对金鹏唱衰，先由投行和研究所大砍目标价，甚至取消追踪，之后旗下发行的中期票据也遭到下调评级。事实上，这起假账事件已严重影响金鹏的商业模式和信誉，陷入无法扭转的局面。

在2010年，苦苦支撑的金鹏宣布无法偿还债务，导致出现违约高达RM500m+的的债务。与此同时，也无法赎回超过总值RM200m+的债券。早前曾透过脱售后回租旗下一架飞机的方式，解决燃眉之急，不过还是未能走出困境。最终被交易所打入PN17行列，并进行重组活动。

在2011年，金鹏正式从马交所除牌，意味着投资者已经没有任何机会“报仇”，当时的股价仅不到0.05。值得一提，虽然不清楚金鹏是否还在营运，但是至今仍未破产清盘。旗下一家航空运输公司Raya Airways于2013年被分拆出来。

从市值超过十亿的明日之星变成人人惧怕的几分股，投资者在金鹏身上亏的钱欲哭无泪。这个是真实的股市诈骗案！案件发生后，证监会提控4名金鹏高层，包括创办人兼前总执行长颜文安，于2010年开庭审理。

证券会对金鹏1位非执行董事罚款RM700,000，于2008年撤销对他的指控。至于其他2位非执行董事，则没那么幸运，因虚报资料给交易所，最终被判监禁1年及罚款RM300,000。

至于被外界一致认为的“主脑”颜文安，经过10年的官司后，终于在2020定案，罪名成立，罚款RM2.5m以及“象征性”的监禁1天。你没看错，确实是讽刺的1天！检方对于判罚非常不满，认为力度过轻，因此决定提出上诉。亏损的小股东冤情至今依然无法获得伸张。

值得一提，金鹏的主席在丑闻发生后不久即辞职，立刻撇清关系，不必负上任何责任。他正是马华前任总会长兼前交通部长林良实，10余年前巴生港口自由贸易区弊案轰动一时的主角。

直到今天，金鹏造假案件仍为大家留下许多疑问，包括为何要捏造业绩？假帐为何在2005-2006年能够混过关？为何事情在超过1年后才被揭发？谁又从中受惠？处理会计的人是否疏忽？虚报营业额是否为了拉股价上涨？管理层是否在任何的压力下这么做？

如今的世霸Serba也面临相同的丑闻场景，是否将重演金鹏的历史，至今仍未知数，只有管理层心知肚明。可以肯定的是，无论公司作出再多解释，投资者的信心已经严重受到冲击，犹如一张折皱的纸，怎么烫都有皱纹。

#TRANSMILE
纯属分享！

IRAN BAKAR KILANG MINYAK LAGI SEMALAM... BRENT OIL GOING TO USD 75 LOR..
CIMB HELP SELL HIBISCUS PREFERENCE SHARE MANYAK LAKU OOO

Mayb another big announcement in tomorrow

if tomoro price tag is under 1 billion mean negative goodwill ..QR will see earning per share suddenly surge up 200% or more haha

Spanish player Repsol has agreed to sell its operated assets in Malaysia and Block 46 CN in Vietnam to Kuala-Lumpur listed Hibiscus Petroleum. Operating the new assets will mark a massive step up for Hibiscus.

The deal includes a 35% interest in production-sharing contract (PSC) PM3 CAA, 60% in 2012 Kinabalu Oil PSC, 60% in PM305 PSC, 60 % in PM314 PSC, and 70% in Block 46 CN in Vietnam – a tie-back asset to the PM3 CAA production facilities. The PM3 block is located within a commercial arrangement area (CAA) set up between Malaysia and Vietnam to allow exploration and the development of several oil and gas discoveries.

These assets represent about 2% of Repsol’s global current net output, the company said in a statement. “They are great assets with remaining potential,” said Simon Molyneux, managing director at Perth-based upstream consultancy Molyneux Advisors.

Hibiscus beat rival bidder Medco Energi of Indonesia for the assets. However, Repsol did not disclose the agreed sales price. But energy consultancy Rystad told Energy Voice that the sales value of the assets is estimated between $250 million and $300 million.

“Hibiscus has come a long was but these are massively complex operations and this is a huge step up for them,” a Kuala Lumpur-based industry advisor told Energy Voice.

“In the North Sea, there have been a pack of private equity-backed players willing to pick up stakes as the legacy players exit their positions. In this region, Hibiscus seems to be taking on that role pretty much single-handedly,” Readul Islam, an Asia upstream specialist at Rystad Energy, told Energy Voice.

Andrew Harwood, Asia Pacific research director at Wood Mackenzie, told Energy Voice that the “deal encapsulates the biggest themes in the oil and gas sector right now – strong mid-term fundamentals versus long-term energy transition goals.”

“We should see a surge of deal activity as prices stabilise and buyers and sellers look to make up for lost time over the last 12 months,” added Harwood.

The agreement is subject to regulatory approval and the waiver of partners’ pre-emption rights. However, Vietnam regulatory approval could be a stumbling block.

There could also be potential issues around the massive long term abandonment exposure, which is complicated by the joint management of the Commercial Arrangement Area (CAA) by both Vietnam and Malaysia.

Following the sale, Repsol will still have a large footprint in Southeast Asia, notably in Indonesia and Vietnam.

“The sale of the company’s upstream assets in Malaysia and in Block 46 CN in Vietnam supports Repsol’s broader rationalisation of its global portfolio, streamlining its presence from 25 to 14 core countries within the framework of the multi-energy company’s 2021-2025 Strategic Plan that focuses on the geographic areas with the greatest competitive advantages,” said Repsol.

This deal follows the sale of the company’s producing assets in Russia, the cessation of oil production activities in Spain and the exit from exploratory activity in other countries, added Repsol.

“The funds raised from the transaction as well as the resulting capex savings will contribute to the global strategic goal of funding core projects and new low-carbon initiatives,” said the company.

Hibiscus Petroleum is Malaysia’s first listed independent oil and gas exploration and production compan

ok la..dun wan run..tomoro wil go back to 6.00 give u chance run then baru climb up again to 12 ..
dream making ing

pharma tangkap ikan lagi .....siapa kena ??hahahaha

Sampooler if any big news ready wan to announce.
Bursa rule is suspend first . Hibiscus mst follow the rules
How can bad suspend , good no need???

Announce hibiscus merge serbadk bcum major share holder... hahaha, karim in the house

KFliau dun b so so hai ....kos 30 for 2 dos..but pharma sell for huge profit above 300 .do u think the ppl wont shoot them in sap malaysian blood during tis critekal period.
counting is sumthing wrong in tis deal...

nobody check why the reason ,..but jst look at price ?hahahaha how u all judi saham o

Ismamiaku kau kena baca bila dia org akan tutup plant buat maintainence...bila tutup mean tak jual minyak...

Anyway dun catch falling knife unless u clear enuf wat they r doing now n wat happend inside the company.
Dun guess game like playing gambling casino ." Oh yes , i will bet in BIG , not small "

brent oil is above usd 70 now...anyway plx count how much their profit if USD 60 brent oil .
they only sell OIL ,no others hehehehehe

Boom here n there in persian gulf .. biden party happy to see it.. so oil price wil stable above usd 65 .
Hibiscus said above Usd60 oledi guarantee profit multi million

At least 35 killed in Gaza as Israel ramps up airstrikes in response to rocket attacks

Baiden party like create war especially in Persian gulf... unstable statuts wil make oil price climb high

dunno wat reason gtronic share price drop like hell.mayb they oso facing material shortage problem or kos higher now coz all material naik harga

Wait below RM 2 r??? Really wan slow slow wait lor

sudah pancut sekali dah ,mana ada cepat sgt naik balik nak pancut kali kedua...
tongkat Ali tak berkesan cepat macam ni pun

who is WC ?? oilly hair ?nickname??

USD 60 above ,petronas have capex for oil n gas company
u all tot no need service meh tht oil holes....no need infrastructure meh oil n gas wan pump out n sell

total buy rate is 66% for tday...96% buy ratio is for last 10 mins .

dompeilee ask KYY promote sikit la if wan up like kps ..
but tis MHB suddenly up ,mayb east malaysia tht big piple gas project mayb got decision oledi

If hibiscus sell 4 offtake in tis month.. then hoseh 了。。notion boss oso change road to oil n gas, u know wat happened now?

USD 67 again lor... opec say comfortable at USD 70

which youngster uncle auntie bro sister use father mother standby college study fees buy call warrant ..really pokkai tis time...
makan habis ur sweat blood money .
cry oso no tears .

which youngster buy call warrant tis time really 倾家荡产

chshzhd how u know when is T3 T2 ??
u know ppl buy at which date???hahaha.
anyway uncle roger oso wil said: haiya high ROE ,high dividend yeild ,low PE ,rich nett cash old brand tecnology company ,...but sell lower price below RM4.

ROE high,low PE ,old brand tecnology company with stable profit ,cash rich ,high divident yeild ...
uncle roger oso shout HAIYAH RM4 pun tak sampai ....

pinnaclegrade u terbalik ...tguan is for long term la...tguan boss have a good management team to run tguan business...they growing up step by step in few years time..

LeiJun Tenaga have invest many green energy plant (sum of them is start contribute profit to TNB ) like wat the ceo said before the day Tenaga announced QR.. plx check for it..

Taiwan company is very care abt management quality.. thts why small country can bcum one of the rich country in world..
Lay out many World top 500 company

earn 1.2billion giv 0.58 sens dividend , profit Compare with last years OR , profit almost double up .... Profit margin improve , NTA increase to 9.78 ..
Who sell tis morning jalak,了diu nya sing oledi。。。。

Look at the incoming capex ... Special dividend is not likely to happened.

Glove kaki keep average down frm high price til low price frm 2020 til 2021... money all stuck there oledi.
they still dream wil goreng one more time like May 2020 so wil not sell

They can't wait to cash out when reach breakeven level

Haha.. too many crab in 0.7-0.9 , they jail at least 2 years there.

Brent oil USD 66 ++ now.. hibiscus oil ship cargo depart , hibiscus share baru up... if tis month no sell oil, zero offtake ... then brent oil above 70 oso useless ..
Important their oil laku tis month

QR flying colour, dividend % pay out Higher than xx glove 50billion company .... diu nia sing...

Ket 4212 人家已經在0.40— 0.5大掃了

They sell 4 offtake ,3 offtake in discount price...
U can count it easily how many profit they can earn in next QR , USD 55 above brent oil

Three crude oil offtakes were conducted in the North Sabah asset in the Current Quarter with a total
of 870,874 bbls of oil, net to SEA Hibiscus, sold at an average oil price of USD39.91 per bbl. Under our
fixed-price agreement with Trafigura, two offtakes totalling 500,000 bbls of oil were sold in the Current
Quarter at an average price of USD35.00 per bbl. As a recap, to mitigate crude oil price volatility and
ensure positive cashflow generation, we agreed in April 2020 to lock in sales of 750,000 bbls of oil to
Trafigura at a fixed price of USD35.00 per bbl in the second half of Calendar Year 2020 (“CY2020”).
The deliveries of the committed crude oil volumes have been completed, and as such subsequent
offtakes will not be affected by this fixed pricing arrangement.

important msg u mst read

Three crude oil offtakes were conducted in the North Sabah asset in the Current Quarter with a total
of 870,874 bbls of oil, net to SEA Hibiscus, sold at an average oil price of USD39.91 per bbl. Under our
fixed-price agreement with Trafigura, two offtakes totalling 500,000 bbls of oil were sold in the Current
Quarter at an average price of USD35.00 per bbl. As a recap, to mitigate crude oil price volatility and
ensure positive cashflow generation, we agreed in April 2020 to lock in sales of 750,000 bbls of oil to
Trafigura at a fixed price of USD35.00 per bbl in the second half of Calendar Year 2020 (“CY2020”).
The deliveries of the committed crude oil volumes have been completed, and as such subsequent
offtakes will not be affected by this fixed pricing arrangement.

They still earn money although sell few offtake under Usd 40 .
Now is USD 60 ... plx count wat wil happend in next qr

Wah really surprise , first time giv div

Any comment abt cimb niaga Indonesia latest qr report???

too many crab stuck in 0.75-0.85 ..so is not easy to break resistant ...
crab stuck there abt years time ....so now they wil cash out release pressure

Hibiscus jst sell their inventory oil in above usd55 .. profit in coming qr is guaranteed.. so IB take chance goreng goreng.

if no flying colour then jalak.,..

if genS result flying colour ...genting 5.0 coming soon

apple168 supply and demand not hot ler in world oil market...afraid no energy break 0.70