That is what the operators want us to think. Just keep it. I am collecting as per schedule. No dividend is understandable; most dividend plays are crappy anyway.
Once the international skies reopen fully, Brahim should soar again.

As long as we are aware of the price then we should be ok.

@Deen87 LU? For fist round one joins the party and average up. Say up till 47sen.
Second round you would take profit around 62sen as everyone wants to avoid it hitting LU for consecutive days.
At least that what I plan to do!

Well, 31½ seems to be the realistic price, so I'd just hodl

The downpress today seemed organized. Shake it long enough and perhaps they'll push down some poor investors at 2½. It does seem like their only remaining option, doesn't it?
The rest of us are waiting at 2½ GTD so good luck with the dump.

Queued at 16sen today but didn't get it matched. At 4.45pm I decided to move up to 16½. There were sellers toying at 15½ but their bluff was called and so the last trades were done at 16½. Bottomed up? I don't know but I feel the price is reasonable.

Be fair to Brahims and give it a chance to prove itself post MCO. Twelve months is what I am willing to give it.

Very good point. Fully agreed!

Should be less likely. Increasing tariffs would mean an increase in costs for the manufacturing sector which is just recovering from the pandemic. A recovering economy however would mean less subsidies that TNB needs to allocate for its customers, a good thing.

Noticed from filings that EPF sold some shares. Perhaps to finance the EPF withdrawals which is not a big concern. Hopefully the Budget2022 unveiling today gives some good news!

For one full hour at opening today the price stayed at 2½sen. I guess someone got the message. We can do this all day ;P

Tenaga seems resilient to the recent pandemic. Very good defensive stock with good payout too. Bought some at RM9.61, added at RM9.66 today. TP RM10.15

Great observation @Valgrovest. I do notice the growth of both queues but interestingly the Sell to Buy ratio remains at 10:1.
Still in GTD. Yes @sales, just hold and buy at 2-2½sen.

@Deen87 I prefer to take a long term view as I feel that the current trending has not fully taken account of the post-MCO recovery especially with the Budget2022 yet to be presented.
Having said that I also believe that internally the company has made progress in resolving its PN17 issue.
It seems a good time to collect.

I'm happy to collect at 16½ - 17 sen. A reasonable wait.

Pre MCO price range was 18 - 22sen. With MCO recovery, potential Budget 2022 stimulus, PN17 removal and revenge tourism, it seems to be a no-brainer to at least collect some to complete one's portfolio.

Just keep it. 4.3m queue to get 2½sen is no easy achievement. Still queuing.

No worries whatsoever @ZackMaz. Twelve month investment plan is on track. Very optimistic that the price will move up once the PP is completed. And the Sabasco sauce is marvellous!

Are the IBs trying to short SYF??

If it does not hold up many may relish the chance to accumulate as the recovery play is still at its infancy.
18sen is MCO price. Once the PN17 status is lifted existing shareholders would probably be rewarded nicely for their patience.

Yup.. need not be greedy. 12 months is a good target. It gives the chance to accumulate as well as provide ample time for recovery play with the post-pandemic economy and the elections along the corner. The next QR release may pose as a further opportunity. Good vibes.

@UncleFollower I went for lunch at the Hap Seng Tower outlet. Please do check it out. Really good crowd. The chicken is splendid and quite cheap too. RM3.80 per piece compared to RM5.40 at KFC and McD.
@SincereStock No hesitation to add more shares next week once pay is in. Even if it hits 5sen I will be more than happy investor!

18sen is fantastic entry price. But I will not be surprised if it tanks further tomorrow. It sure seems orchestrated.

32sen. Perfect.

We know the game. It is a long one but we can wait. No bank can dictate us. Load off then bugger off.
I had lunch at SugarBun today. The crowd was full. The chicken was scrumptious. Bought two bottles of the Sabasco sauce too. They are hot and fantastic.
BOB is a fantastic company waiting to soar. I don't know about the others, but I am here for the long haul!

As we can see today the 3sen selling queue was 369k which means there is considerable volume that we need to see cleared before the counter can move. Having said that, the buy queue grew which may indicate increased interest. Long way to go still.

Looks good. Tomorrow seems promising by the look of things today.

The dividend and capital repayment proposal is 18sen. The new share issue is 14sen. Add the two together and you wonder why would anyone sell at 31½sen or below?
Add in the rights issue as well as potential upside that the new business brings, one could sum up that collecting the counter now seems like a no-brainer.

Yup. I too had decided to add at 3sen as the buying queue had grown to 4.1m. Let's see where this leads to but I won't get too carried away.

There is 192k leftover plus maybe another 1.4m from the remainder of the PP exercise so if the momentum continues we could see an ascension by this Friday. That would mean that current shareholders like me might accumulate further tomorrow to mop up the 3sen shares.

Looking good.

A good sight. Even the PP operators will be happy if the moving average goes up, no?

Bought in at 33sen. So that means cost will be 15sen. Plus additional 14sen new shares means total cost will be 14.6sen. Seems okay. Of course if price drops to 32sen all the better!

We shareholders need to be a bit patient as operators would try influence the share price. Personally I will no longer GTD for 2½sen. Instead I will queue at 2sen and pounce at 2½sen only if it is on the sell queue. No bank will fleece me of my hard-earned money. Let them drown with their subscription!

The proposal still needs to go through the authorities. In the meantime, opportunistic investors could swoop in and hodl the shares to squeeze for a better offer, could they not?

Agreed. Current shareholders should not acquire at any price above 2sen. Currently we are already seeing increased selling volume at 3sen. They are getting desperate. Let them unload but maintain your purchase price at 2sen maximum. We have time on our side, they don't.

Fantastic support at 8sen hopefully it rebounds!

Current shareholders are holding on and would scoop up at 2½sen and below. New investors would need to enter at 3sen.
That is a good situation right now. Any schemers would need to risk it if they plan to push the price above 7sen.

CPO futures likely to undergo technical correction next week
Siti Noor Afera Abu
/
Bernama

October 02, 2021 10:34 am +08

CPO futures likely to undergo technical correction next week
-A+A
KUALA LUMPUR (Oct 2): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is poised for a technical correction next week following the uncertain price movement this week, dealers said.

Interband Group of Companies senior palm oil trader Jim Teh said the price was expected to hover between RM4,100 and RM4,200 per tonne with more physical buyers anticipated next week.

He said demand was projected to increase next week, which would reduce the stocks level.

“Besides physical buyers, the market pattern next week will also be influenced by paper trading," he told Bernama.

Meanwhile, Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said CPO trading would be focused on production and cue from soybean oil on the US Chicago Board of Trade next week.

“The launch of the East Malaysia Crude Palm Oil Futures (FEPO) contract by Bursa Malaysia will make news.

“Malaysian September supply and distribution estimates will also be out,” he said.

Direct selling industry sales in Malaysia set to expand next year despite pandemic
Mikhail Raj Abdullah
/
Bernama

October 03, 2021 14:35 pm +08

Direct selling industry sales in Malaysia set to expand next year despite pandemic
-A+A
KUALA LUMPUR (Oct 3): Malaysia's direct selling industry sales are forecast to grow next year despite the Covid-19 pandemic in line with global trends, driven mainly by wellness, as well as cosmetic and personal care products.

Sales in Malaysia were expected to increase by 10% to 15% next year from RM20 billion in 2020, Qi Group founder and executive chairman Datuk Seri Vijay Eswaran told Bernama.

He said job loss and economic difficulties during the ongoing pandemic had driven many individuals in Malaysia to turn to direct selling as a viable micro-entrepreneurship opportunity that provided an alternate income stream.

It was encouraging to note Malaysia being listed as one of the top 10 markets for direct selling worldwide by the World Federation of Direct Selling Associations (WFDSA), he said.

A report by WFDSA listed Malaysia climbing the ranks to seventh position on their top markets list with a three-year compound annual growth rate, or investment yields of 11.4%, from 2017 to 2020 — the third-highest growth rate after Argentina and India, respectively.

Global direct sales increased by 2.3% year-on-year, from US$175.3 billion in 2019 to US$179.3 billion in 2020 (US$1=RM4.18), clearly demonstrating resilience when most commercial sectors were experiencing a downward trend due to the pandemic.

He said global trends last year showed that wellness products constituted the majority of direct sales by category at 36.2%, followed by cosmetics and personal care products at 26.2%.

"This is a trend likely to persist throughout 2021 as the third wave of the pandemic continues to affect consumer demand," he said in conjunction with Asian conglomerate Qi’s 23rd anniversary celebration.

Vijay said the direct selling industry proved its resilience and adaptability, as Covid-19 presented a great opportunity to companies with a strong portfolio of personal health and wellness products like the ones offered by QNET, the group's direct selling subsidiary.

Despite the difficulties caused by the pandemic, especially in its early days when the world went into lockdown, QNET survived the rough patch by adapting to the virtual world seamlessly on the strength of its e-commerce platform and a loyal distributor base, he said.

"Demand for such products skyrocketed with a focus on immunity building," he added.

QNET was a pioneer in the direct selling industry in adopting e-commerce and venturing into emerging economies, making high-quality products and services accessible along with entrepreneurship to those who aspired to build a borderless business online.

Turning to the emergence of micro entrepreneurship, Vijay noted that the successful pivot from physical to virtual events and a focus on providing digital tools and online trainings by direct selling companies also played a significant role in the rising popularity of the industry, during a time when e-commerce transactions had been peaking.

The new norm of direct business sales and e-commerce can be best exemplified by Qi's virtual meeting and anniversary celebrations last month, attended by over 15,000 distributors, customers and employees worldwide from nearly 50 countries.

Anyone with a long-term view would have Tenaga in their portfolio. Be it one or fifty lots, it makes a good balance to any investment strategy.
Got mine matched near close at RM9.61 and looking forward to the next QR!

I'd rather it be dull now than later. Quietly collecting, mopping out the current sell queue and pouncing at 2½sen if the opportunity arise.
I do notice attempts to press down the shares at closing time though. Pushing down the closing price may benefit certain parties in terms of setting the moving average. Fortunately the investors are a smart lot and able to thwart it.

Managed to average down and collect at 21½sen yesterday. All these news of the prospect of small holding takeovers should put companies like RSawit in the limelight, no?

Press as you may, the retailers are a smart bunch that hodl. Come 2 sen we'll wolf them down. Bring it on!

Joseph Lee Yok Min @ Ambrose Acquisition of BOB shares:

29/9 2000 lots
27/9 5000 lots
24/9 2000 lots
23/9 20000 lots
13/9 5000 lots
10/9 2000 lots
9/9 2000 lots
8/9 2000 lots
7/9 2000 lots
6/9 10000 lots

It has been two quarters of no dividends. That in itself is enough to trigger a sell-off.

My GTD is in there somewhere in the 3.94m lots. Not a fraction of a sen more than 2½ I am spending for these unscrupulous people.

Yup maybe covering their shorts. RM5.84 is back at the normal price if you consider the exd opening price. Then semua cabut.. and on to the next victims!

Yesterday Top 2 Most Active, suddenly today goes quiet.

The problem with the so called 'analysts''' valuations is that they seem to come from the very banks that have vested interests. We know better than to trust their reports. Now they are even insisting in using future profit projections to base their PE calculations arguing that the historical numbers are supernormal.
Whatever to justify their numbers, they'll do it.
I agree that these RSSs seem to be getting out of hand, and the institutional selling is not helping. What can one do apart from watching by the sidelines while wishing this circus ends?

tim09 you got that spot on. A good defensive part of one's portfolio.

7036 BORNOIL BORNEO OIL BHD
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Others
Details of corporate proposal : Subscription of up to 1,205,827,550 new
ordinary shares in Borneo Oil Berhad by Macquarie Bank Limited
No. of shares issued under this corporate proposal : 7,000,000
Issue price per share ($$) : 0.0250
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 7,967,289,529
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 623,570,290.000
Listing Date : 28/09/2021
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

27/09/2021 10:51 AM


So, it seems another 7m shares to be put on sale tomorrow, eh?