Why so active today

All over the world, clound business and data centres are in hot demand. Snowflakes latest IPO valuation is proof of that. Wonder why GP is still languishing. Puan's the reason not PP. All the penny stocks that do PP ( some up to 30%) have share price rocketting up.

https://oilprice.com/Energy/Crude-Oil/The-Worlds-Most-Expensive-Crudes-Get-Expensive-Again.html
Historically, one would seek for the world’s most expensive crudes in Malaysia. There, grades like Tapis, Kimanis and Kikeh would be generally at least 4-5 USD per barrel above Brent, largely due to their superior refining characteristics. In fact, a little less than 3 years ago I’ve written an article here stating that Tapis was the most expensive crude globally due to its extremely low Sulphur content and the specificities of the Southeast Asian crude market. Today Malaysian differentials have given away the garland of superiority to Australia’s heavy sweet crudes, such as Vincent or Van Gogh – oddly enough, premia as high as +31 USD per barrel to Dated Brent are a direct consequence not of the crudes’ refining value but rather their blending utility.

Tomorrow limit down
Eash time limit down I buy 100,000 shares.
Puan die faster than me

Terrible Guy. Day average price is 53.5 cents. Press down to close at 52 cents

Not a real show of strength. Waited until last 30 mins before launching buy back. Even that also got 23.1% of trade. Doubt can sustain that kind of buy back

Director also sell. Susah

WOLF!WOLF!WOLF!

No sign of company buyback. I dump all first. Lost is still manageable

Puan is the Shepherd boy who call WOLF too often

Now Puan is like the Kampung Gangster. Operate the gambling den where there is a funeral. Nobody dare bet cos sure lose

I suppose with low capital expenditure and immediate production, you can't be wrong unless oil price drop sharply

Could reach 400m a month

https://www.thestar.com.my/business/business-news/2020/09/21/the-star-exclusive---green-packet-in-e-wallet-deal
Big deal. All workers salary by e wallet Kipple Pay. Accounts open by e-KYC. Later all this will be integrated into digital bank for workers foreign remittance and etc

All scared of Puan treating small investors as ATMs. Price still up for the week by about 2 cents ie 4%. Not bad

https://www.amequities.com.my/documents/20126/0/Oil+%26+Gas+Sector+200918.pdf/2bc55708-0a5f-59e3-9913-7e1b07d21e73?t=1600390563640
Overweight oil call by AmInvest.
Oil asset for sale in Malaysia is by Exxon and Petrofac

Hibiscus looks like going to buy Exxon or Petrofac oilfields in Malaysia. Look like have to move fast in order to secure funding.
Both Exxon and Petrofac have confirm exiting Malaysian Oil fields

Was looking through price of various Oil & Gas counters on 9th June 2020 when there was heavy trading in oil & Gas counters on Bursa Malaysia. Brent Crude on 9th June 2020 was USD$40.45. Hibiscus was $0.625; Sapura Energy $0.11, Perdana Petroleum $0.20 and Velesto is $0.18. Brent crude had basically stay above USD$40 from June 2020 to Sept 2020. Considering that Hibiscus is a direct beneficiary of higher or even stable oil price while the other counters depend on related Oil & Gas activity, I feel Hibiscus shd easily move back to the $0.60+ range

Just for Info. 3 main candidate vaccine in the US Phase 3 trial.
Pfizer's vaccine ( Most promising according to Bill Gates Foundation) need to be stored at minus 70 deg C ( colder than north pole winter).
Oxford Zeeneca vaccine trial halted due to infection of the spinal cord. Morderna had never successfully produced a vaccine in its entire company existence.

Just for Info. 3 main candidate vaccine in the US Phase 3 trial.
Pfizer's vaccine ( Most promising according to Bill Gates Foundation) need to be stored at minus 70 deg C ( colder than north pole winter).
Oxford Zeeneca vaccine trial halted due to infection of the spinal cord. Morderna had never successfully produced a vaccine in its entire company existence.

Just for Info. 3 main candidate vaccine in the US Phase 3 trial.
Pfizer's vaccine ( Most promising according to Bill Gates Foundation) need to be stored at minus 70 deg C ( colder than north pole winter).
Oxford Zeeneca vaccine trial halted due to infection of the spinal cord. Morderna had never successfully produced a vaccine in its entire company existence.

Some comfort. Last call buying price stays at $3.64 without being thrown down. Same with Top Glove. Hold steady with 4 figure buyers at $7.98. Next week shd be better

Trial run. Easily managed to clear 55 cents without much volumn

Terrible. All roasted to charcoal today. Think will continue going down to below $3. No below $3 cannot buy. No upside but plenty downside

Blue Chip glove counter also volatile like penny stocks Buy 2 lots for fun at 8.67 also lost 2 K

Snowflake Inc
NYSE: SNOW
253.93 USD +133.93 (111.61%)
Closed: 16 Sep, 7:48 pm GMT-4 · Disclaimer
After hours 248.00 −5.93

Snowflakes , a cloud computing co just IPO in US. Valuation USD70B

Ya. I suppose all Glove counters will follow Top Glove and Hartalega for a very bullish Glove market today. Top Glove is up by nearly RM$0.70 in Singapore mkt and Harta is adopting a min 60% Div payout.
With a EPS of more than $1, ie a min of $0.60 Div a year. What about value of Co, assets and etc. Where u get any of this shares in the world today. Fed confirm almost Zero interest rate till at least 2023

Top Glove closed at Singapore S$3.00 up S$0.22 cents ie RM$9.03.

IWH is privately own by LKH and Johor royal family. Going for IPO to develop Bandar Malaysia. So Ekovest & IW City is definitely not involved directly and no need for Rights issue. You can look at this in a positive manner. No need to fork out funds (Both Ekovest & Iwcity ) and no dilution of shares. At the same time they are likely to benefit by way of projects and contracts. All majority own by LKH.
Why is it bad?

IWH is privately own by LKH and Johor royal family. Going for IPO to develop Bandar Malaysia. So Ekovest & IW City is definitely not involved directly and no need for Rights issue. You can look at this in a positive manner. No need to fork out funds (Both Ekovest & Iwcity ) and no dilution of shares. At the same time they are likely to benefit by way of projects and contracts. All majority own by LKH.
Why is it bad?

There is a hope of privatization with all this losses.
Just privatize Star Media Group and Star Media becomes a private co held by MCA. Can potong any no of staff they want. Ample cash to MCA and all the minority share holders

Many naysayers on oil price but the fact remains.
1. Need money to produce oil
2. Social distance means more petrol for cars, buy no jet fuel
3. Low price, shale oil kaput.
4. People get fed up with lockdowns. Very unlikely to have prolonged lockdown.
So oil shd gradually inch its way up.
Hibiscus plan to use CRPS to raise funds and at a covertion price of 66 cents is reassuring because we know that no rights issue is coming and the convertion will only happen if Hibiscus price goes above 66 cents ( a 27 % price increase from 52 cents )
Apa takut ?

This counter normally move together with Ekovest. Shd be good show today

IWCITY already spike up. Will accumulate UEM at this price.
Hopefully mkt will revalue this counter soon

All the IB's also positive on TopG except the cheat McQ.
Even CIMB who gor so many outstanding CW is calling a buy

Interesting comments by the naysayers. Wonder what the naysayers say got any truth. The TG boss already put 200+ million to prove when he says. You guys still don't believe. Wish there is short selling for those who says this counter is overvalued.

This company if on tract got huge potential. Hold for at least 6 mth. Easily double. Think Snowflakes IPO this week in US at PE over 80 will make people cause revaluation of all cloud computing company.

Snowflakes a cloud computing company IPO in US at 80X PE. If green pkt can follow fat loh

Bidding siltera.
There is a Chinese Partner. Who?

Have they paid the 1.1B. Due tmrw

McQ CW TopGlove 76 trading is Zero. All bought back when they cause panic selling. All those who sell are made suckers already

Hibiscus takes share placement route again | The Starwww.thestar.com.my › business-news › 2020/09/12 › h...

I take alot of positives from today Star Biz article on Hisbiscus.
1. Net Cash position of 77m
2. Debt of 14.4 m only.
3. Operating expenditure per barrel of oil is below USD$15
4. Both Public Bank and Alliance Bank IB positive on Hibiscus.
Warrants conversion price is $1.12. Unlikely to be excersied.

GP is in biding war with a Chines co as partner to buy Silterra Malaysia Bhd (a semi conductor chip foundry own by Khazanah located at Kulim )

This wk was a war between the IBs with maturing cw and retailers holding corresponding shares. It affected mkt sentiment as a whole. If not for the swift action and financial muscle of TG the retailers would have hard earned money robbed
Trade stats. Please look at Glove index too8th Sept Local institution is - 87m; 9th is - 248m, 10th is -236m. This I believe is solely due to selling of Glove counters bought at the time of issuing CW to meet oligations when CW matured. The hedging is not 100%
[My view:
B4 issuing CW, IB buy some shares in underlying stock to meet oligations when CW matured. When CW near expiry IB tend to sell in a big way to create jitters ( coupled with down grades and margin cap ) + choose a weak mkt period and after some earlier sky high TP
IBs make money from stocks and the cw expired worthless
Of course the above is normal condition. In the glove case, they tried their level best but meet a man to got the courage to stand up

McQ IBs had been fined before for manipulating mkt to cheat client's money.
Refer this link
https://www.thetradenews.com/bursa-malaysia-rebukes-macquarie-for-market-manipulation/

McQua IB declared bankruptcy upon maturity of CW. No money to pay

happ12 its OK...stock sure up and down..buy next week when IB push price down
TopGlove Boss already show power. Official complaint already lodge against McQ IB to justify changing TP by 46.5 % in 9 market days by many retailers. Think there was a complain lodge by East Malaysia Branch of Remisier Association.
Let Bursa investigate how many Top Glov - C67 that McQ bought back during panic selling

Even Banks cannot pay dividend to preserved cash flow.
Top Glove can fork out RM100 million to buy back own shares in 1 day.
Make your own judgement about MCQ downgrade to $5.40