If dayang die,carimin same.tp revised downgrade

Haha.offtakes still 9 to 11mah, look at annual basis. Production going to goes up to 12k barrels by 2021. If 2023 the new oil field running better. But,don't forget got huge capex,and higher open loh.
The warrant 300mil use to fund part of capex loh. Then maybe do private placement, do also debt issuances loh

Hong Leong tp 1.15, good luck

All kena now, hahaha

How true is the solar and mou. I really dunno. For me,wait for result confirmation and audited before buying too much. Always apply cut loss mentality. Like the u loss some, gain lot in long-term

if no such thing alredi deny lah

hehe.,,,,it is true, they are talking loh.

The Board of Directors of Aturmaju Resources Berhad (“ARB” or “the Company”) wishes to clarify that as of the date of this announcement, the management of ARB is still in negotiations with the relevant party pertaining to the possible acquisition and/ or collaboration with the aforesaid party with regards to the solar project. As at the date of this announcement, the Board has not deliberated on this matter as it is still at very early stages and has also not appointed any professionals for the aforesaid proposal. In the event at any decision are made in relation thereto, the Board will make necessary announcement accordingly.



The Board is cognisant of the need for proper dissemination of information to the public and would release announcement on Bursa Securities on any material issue on a timely basis as required by the Main Market Listing Requirements of the Bursa Securities.

Query Letter Contents
We refer to the above article appearing in The Edge Malaysia, Page 33, on Monday, 18 March 2019, a copy of which is enclosed for you reference.



In particular, we would like to draw your attention to the underlined sentence(s) which is/are reproduced as follows :-


(a) “Aturmaju is looking to acquire at least 50% plus one share in a solar company. A material announcement could be made anytime this month.”



(b) “The target firm, which is privately owned, is said to have secured a large-scale solar panel contract worth over RM100 million from a local university in the north.”



(c) “The acquiree was awarded a 30-year concession by the local university to undertake a 5MW solar panel project at one of its campuses. All the electricity generated will be for the university’s own consumption.”


In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major shareholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.



Please furnish Bursa Securities with your reply via Bursa Link by today.



Yours faithfully,
HENG TECK HENG
Vice President, Issuers,
Listing, Regulation
/TEK

Cc : Market Surveillance Dept. , Securities Commission (via fax)

No comment. Buy at own risk

Choivo is APA, siapa??? What make him think he is right

Selling vegetables very lucrative,I agree!

Ah,now I know ahfah. The pudu wet mkt auntie. Got nice shop are there.

Dragon is a loser with no kuku

Who is ahfah???

Dragon, they said u impotent. Kuku bo use liao. Answer pleasezif u dunno the answer we wontnlaugh at u. Anyway u just pondan

Up liao so much only ask.. Haha

Underperformer still talk big

Post removed.Why?

TSH said 0.31, 0.42, 0.47, then 0.60?

I know what will happen to hibi today. Its either up or down

Above from kyy article. I look at it, frame it in wall. Everyday laugh at it, and telp myself,im smarter than a billionaire, and much more smarter. I can win a billionaire mind, im happy enough

Hibiscus: 2nd Quarter EPS 3,15 sen

1 st Quarter EPS 6.30 sen

Hibiscus’s profit has reduced by about 50%. Although the company has a few rich oil fields and strongly recommended by experts, the share price has not gone up for a long time as shown by the chart below.



I will not buy Hibiscus or Hibiscus Warrant because it does not comply with my golden rule for share selection. That is why the share price remains stagnant for a long time.

All investors must follow my well proven golden rule for share selection to make money from the stock market. If you buy any stock based on any other criteria such as cash flow, cash in fix deposit, debt free, NTA etc, you will be disappointed.

This article is the most important lesson for all investors.

Aiyo. Uncle koon bukan condemn hibi is downtrend in profit meh, john lu, dont simply create rumours

Wah, director buying like no tomorrow while some cut.. Hehe

No limit up woh! Gold finger is bullshit finger. Tiok ur fingers la

Ah. All convertnsudah jual? Oklah. Up up up next

Not bad nah

No news is good news loh

Anyone at agm today?? Any good news

Aiyo.. Not limit up meh. Disappointed

I guess he making sure he got all warrant at dirt cheap? Then end of conversion,mother will run again.....

Recycling means what felicity

wow , historical PE at 19X, common for toll operators....ask them fast fast list Duke lah

Ekovest (EKO MK MYR0.57, Not rated): Buying 23.4% stake in PLS Plantations

• Proposed to acquire 23.4% stake in PLS Plantation.
• Earnings will be underpinned by strong construction pipeline.
• Trading at 7.1x consensus FY6/19 EPS.

What’s New? Ekovest entered into a conditional share purchase agreement with Serumpun Abadi S/B to acquire a 23.42% stake in PLS Plantations Bhd for MYR76.5m cash, to be funded via internally generated funds. Note that this is a related party transaction.

The proposed acquisition effectively valued PLS at a P/B of 0.8x, based on its audited net asset of MYR369.7m (for the 23.4% stake), in line with PLS's 3-year historical P/B. This acquisition, however, will likely be near-term earnings dilutive as PLS is currently in the red.

Rationale. Although this acquisition does not look synergistic, management indicated that this is part of the group’s diversification plan. Even though PLS is currently in the red, its proposed acquisition of Dulai Fruit Enterprise, which came with a profit guarantee of MYR10m for FY19-21, should help PLS to turn around.

Notwithstanding that, one must realise that PLS’s proposed acquisition of Dulai Fruit is still on-going (pending approval in the upcoming EGM which falls on 19 Mar) and it would take time for the transaction to be concluded. And hence, PLS’s turnaround plan could take longer-than-expected.

Funding however is not a concern as the group is sitting on a cash and bank balances of MYR587.2m as at end-Dec 2018. Post acquisition, the net gearing is expected to rise from 0.18x to 0.21x.

Existing operations. For growth, Ekovest will therefore rely on its existing operations in the near-term. At present, its construction will continue to be the key earnings driver. It has a strong pipeline with an order book of ~MYR3b, which could keep it busy for at least 2-3 years. Among some of the key on-going jobs are SPE, KL River City project as well as construction works for in-house property projects like EkoTitiwangsa.

For property, the group has an unbilled sale of MYR200m which is underpinned by some of the key projects such as EkoTitiwangsa and EkoCheras. Currently, Ekovest has a total land bank of over 80 acres in Kuala Lumpur, Kuantan and Johor Bahru.

For toll operations, Ekovest has a 60% stake in Kesturi, the concession holder of the Duta-Ulu Klang Expressway (DUKE). The group also has a 53.5-year concession for SPE.

Valuation. So far only one broker covers the stock. The last rating was a Hold with a mean target price of MYR0.52. At current price, the stock is trading at 7.1x consensus FY6/19 EPS of 8.1sen, lower than its 3-year historical P/E of 19.8x.

Summary of Q3 FY2019 financial results:
o Profit-before-tax of RM40.3 million
o Revenue of RM1.5 billion
o Current cash and cash equivalents of RM0.7 billion
• New contract wins year-to-date of RM8.5 billion with a growing orderbook of RM18.6 billion.
• Secured most sought-after entry into Saudi Aramco’s Long-Term Agreement (LTA) programme as
pre-qualified contractor to bid for EPCI opportunities.
• On a stronger financial footing to push ahead with growth:
o Shareholders voted overwhelmingly for all six resolutions for the Rights Issue of RM4
billion at the Extraordinary General Meeting on 29 November 2018
o Entered into strategic partnership with Austria’s OMV through signing of Share
Subscription Agreement and Shareholders’ Agreement on 9 November 2018, which will
result in cash proceeds of up to USD975 million
o Possible synergistic collaboration with a potential partner to unlock the value of its
Drilling business

Posted by valuelurker > Mar 13, 2019 12:33 PM | Report Abuse

MONSTER TURNAROUND MULTIYEAR GROWTH STORY FROM TROUGH ORDERBOOK RM18 BILLION A STOCK LIKE THIS COMES ALONG RARELY AND WHERE YOU CAN SIALANGGG RM 2 CUMMINGGG

Lurker bro also so bullish. Im feeling safe here....haha.

no. so far Dr.P said no plan for warrant again.

Waiting 0.31

Nvm lah. Small money.... To him like fucking a china doll only... Hehe.

Wtf. Again

If can get the 30 over billion job then will be fantastic enough

ected as one of Saudi Aramco’s four new long-term agreement programme contractors late last year, substantive order book expansions are still likely from Sapura’s current tender book of US$8.5 billion (RM34.59 billion) and prospective bids of US$14.3 billion.

This is highlighted in Sapura’s new orders worth RM9.3 billion for

It's generating let's say 500mil, mkt values it at now 7bil alredi. Hibiscus is generating similar 500mil to 600mil cash flow with now 0 borrowing. And not value them at.......Haha.for me I would rather have my risk taking more in hibiscus. Still sapng might give surprise if got more n more jobs,contracts etc

You need to continue operate smoothly 12years to pay all debts.....Oil n gas memang heavy capex

From what I understand,cof only ard 400mil to 500mil max perhaps??

OK,forming jv selling stake at usd970milx4=3.8bil, if use to pay debts ,left with 6bil debts

Borrowing from 14bil-4bil (if assume all pay debts),still 10'bil

On completion of the cash call, Sapura Energy said Permodalan Nasional Bhd (PNB) had emerged as its single largest shareholder with a 40% stake. Sapura Technology Sdn Bhd — which is controlled by president and chief executive officer Tan Sri Shahril Shamsuddin — is now its second largest shareholder with a 16.3% stake after Shahril raised his commitment by RM100 million from RM300 million initially.

PNB, which has been supportive of the cash call, committed RM2.68 billion to the entire exercise after giving an undertaking to subscribe for some of the unsubscribed shares and RCPS-i.

The exercise, the group previously said, is aimed at reducing its borrowings to strengthen its balance sheet, and in turn enable it to bid and undertake higher value projects globally.

It is an important part of the group’s recapitalisation exercise to pare down its huge borrowings of RM14 billion, of which RM4.59 billion are borrowings from Malayan Banking Bhd, Maybank IB’s parent.

Apart from the rights issue, the group also let go of a 50% stake in its exploration and production unit Sapura Upstream Sdn Bhd by forming a joint venture with Austrian integrated oil and gas group OMV Aktiengesellschaft (OMV) to raise cash proceeds of up to US$975 million.

In yesterday’s statement, Sapura Energy said proceeds from both the rights issue and the partnership with OMV will be used to repay the group’s borrowings and boost working capital.

On completion of both exercises, its gearing ratio is expected to drop from 1.74 times to 0.62 time.

“The stronger balance sheet will provide greater financial flexibility for the group to deliver its growth plans. Sapura Energy’s growth strategy continues to see fruition in the increasing number of contract wins.

“The successful rights issue comes amidst the group’s contract wins to-date in financial year ending Jan 31, 2019 (FY19) of RM9.3 billion for its engineering and construction and drilling businesses. The group’s growing order book now stands at RM19.3 billion,” it added.

Its rights shares with warrants and the RCPS-i will be listed and quoted on the main market of Bursa Malaysia on Jan 29.

My take is govt won't let fgv and other big Corp to fail. Sapng if pnb want to revive yes, because zeti is there. My worry is just the debt killing them,and I don't quite like those still sitting on chair? Why no change in mgt, board members yet? Or change had done?I only see director buying shares now......