wow, finally SBB started.
Hopefully, it's done everyday.

Management's proposal will raise more funds in a single issuance than KYY's proposal.
They probably would require more funds in the next few years and the RM277 mil coming in will be handy.

@ OrlandoOIL

The TP are only applicable if crude oil remains above USD60 in the next half year.

Else the IB and analyst will always do re-rating, downgrade.
I personally don't like them as they don't have a "backbone".
They can't give a TP that is for 10 years without changing any variables in between that period.

@ lazy

Foreign funds are selling out shares that don't perform and moving back to US due to the increase in interest rates by US federal reserve.
This will continue till they're done.
You can read news about foreign funds also selling out our long term bonds(MGS,LTN,etc)

@ pang72

I think you're spamming here.
Try to put your thought in a notepad and once you're done only post it out.

@ hollandking

No matter whether it's bloodbath, saltbath or milkbath, investing in a long term biz will always prevail. Look at those counters in Bursa that grows well since Bursa was founded.
Market always have noises and index move up/down, left/right.

The only bad news for glove makers are the increase in minimum wage salary to RM1,500, potentially reduce their earnings between 15% to 20% depending on their cost efficiency.

Looks like a minor consolidation since it rebounded from below RM1.20 to above RM1.50.
Maybe the news on the new proposed alternative for HSR would provide some support.

----------------------------------------------------------------------------------
https://www.thestar.com.my/business/business-news/2018/06/18/hsr-alternative-for-only-rm20bil/

Before announcement of the takeover by Hapseng, it's trading at RM0.50, it surge above RM0.80 when the annoucement of takeover price was RM0.92.
So actually, it came back to it's former price.
No oversold here.

If it can stay above RM4 this week, it should be alright.

Lowing the oil price helps to make shale production in US less profitable.
In fact, when crude oil was trading below USD35 per barrel, the entire US shale oil production almost ceased and US market share was less than 6%.
So keeping it between USD50 to USD60 is ideal.

@ relaks

Isn't Paul Poh the guy that recommended Quek Leng Chan to invest in TH Heavy @ RM1 and Alam Maritim @ RM1.50 ?
Quek Leng Chan took heavy losses of more than 70% on his investment and exited his from o&g industry.

@ j3rom3

The project will continue. Probably will be "tolless" once ready.

@ johnny cash

No impact.
Cost is passed down to customers.

The government is currently busy with large projects that are easier to solve.
Highways concessionaire seems a bit headache.

New tender for rail project

n the MRT2 and LRT3 projects, Loke said they would proceed as planned, as they were ongoing projects implemented well in advance.

“The MRT2 is an ongoing project. We won’t touch it and the same goes for the LRT3. However, in terms of costing and so on, they may be reviewed by the Finance Ministry. It is up to them to decide,” he added.

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https://www.thestar.com.my/business/business-news/2018/06/14/new-tender-for-rail-project

The bosses are selling like no tomorrow.
You guys still around?

Yup. Looks like it .
Most o&g counters also "directionless" pending OPEC meeting.

I think its so difficult to justify RM100 bil price tag inclusive of land acquisition.

@ wiki123

Thanks for highlighting

Seems like the rally still going strong.

But it's kinda weird, before the "public pardon", the glove biz earnings are slow and draggy.
After all is clear, the company seems to generate better revenue and profits.

Anyone notice this? Something fishy?

The boss seems to have no idea what he is doing. Buying up companies which make losses and enter into so many MOU with biz that has no value to the company.
He seems to dabble into many things, no direction.
From e-Commerce & mobile payment to photography biz and advertising.

@ erkongseng

I think you got it right already.

Now you can leave it to the market to determine the share price.

@ rlch

Your answer is here:
---------------------------------------------------------------------------------
https://www.thestar.com.my/business/business-news/2018/04/14/seasoned-businessmen-driving-force-behind-medbumikar-mara/

The biz model is great and appreciate in the long term.
It covers property, construction, healthcare and retail.

amended:
Anyone who does NOT subscribe to the rights issue will be at the losing end once the price adjust ex-rights.

@ wetmarket

Yup. Agree with you on how we view the rights issue.
Everyone had different take on this.
In fact, many had never thought that the company would issue rights to fund the power plant.

Developing a power plant require heavy capex.

YTL family buy back slowing down

@ mdmlyn

AGM already completed in March 2018.

Top price. I'm no God. Can't tell. Haha

No volume and catalyst to push.

Wow. The volume for 1st half is already so huge.

But the revenue drop a lot.

@ yongch

Current market capitalisation is greater than RM10 billion.
It's a large cap stock.
Even if the share price drops to RM0.10, it's still a medium cap stock.

These days analysts from IB are not reliable.
One give tp=1.90, the other tp=1.30.Earlier, some even give tp greater than RM2.
The tp given are so far apart.

The share buy backs really helps.

@ profitgrow

Yeah, not yet bloom. Soon.

His share buy back dwindling down.

@ 120453

Currently, Gkent free float is 56% of total outstanding share of 560 million.
Thus, a 56 million share buy back is not sufficient.

@ B4b4

The company government services are subject to contract renewal.
Especially now with new government, all existing services are at risk.

Any news on the custom service tax monitoring?
It's been quiet since it was discussed back in 2015.

The inclusion of Sabah PSC should help the company grow further.
The share price should reflect this in the next few quarters provided the crude oil remains above USD60 per barrel.

@ ray1980

Until next AGM only (~1 month period)as mentioned in the notice.


In the AGM n 9/7/2018, the company will proposed to renew it again subject to shareholders approval.

Proposed Renewal of Share Buy-Back Authority to the Company to Purchase Its Own
Shares of Up To Ten Per Cent (10%) of Its Total Number of Issued Shares
--------------------------------------------------------------------------------
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=15006&name=EA_GM_ATTACHMENTS

OTHERS GEORGE KENT (MALAYSIA) BERHAD ("THE COMPANY" OR "GEORGE KENT") - Proposed renewal of the authority for the Company to purchase its own shares of up to 10% of its total number of issued shares ("Proposed Renewal of Share Buy-Back Authority")

--------------------------------------------------------------------------------
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5816841

@ Dericlock

The terms of the contract is not published.
However, knowing that it's production sharing contract, you can safely factor in the 50%.

@ Dericlock

-------------------------------------------------------------------------------
https://themalaysianreserve.com/2018/04/02/hibiscus-petroleum-acquired-50-stake-in-north-sabah-oilfields/

Yup. Someone just unloaded.

The personalised plate number will be exciting especially for those willing to pay more to have creative plate numbers.

@ EweSweeKheng

Only RM1?
Can help push to RM3?

The Proposed Rights Issue of Warrants involves the issuance of up to 278,164,186 Warrants on the basis of 1 Warrant for every 2 existing ordinary JRB Shares. The Warrants will be provisionally allotted and issued to the shareholders of JRB whose names appear in the Record of Depositors of the Company as at the close of business on the Entitlement Date (“Entitled Shareholder(s)”).

The exercise price of the Warrants will be determined and fixed by the Board after receipt of all relevant approvals but before announcement of the Entitlement Date after taking into consideration, amongst others, the following:-
(i) prevailing market conditions and the historical trading price of JRB Shares; and
(ii) an indicative discount of approximately 30% to the 5-day VWAMP of JRB Shares immediately preceding the price-fixing date.

For illustrative purposes, the indicative exercise price of RM1.00 represents a discount of approximately 32.43% to the 5-day VWAMP of JRB Shares up to and including the LPD of RM1.48. Further, as the exercise price of the Warrants is at a discount to the 5-day VWAMP of JRB Shares, this will result in a theoretical ex-rights price adjustment to RM1.40 per JRB Share.