Any chance EATech pay part of RM104.74m settlement to MHB in March 2021?.......

Posted by Justin328 > Apr 21, 2021 10:42 AM | Report Abuse

ppl all are waiting the "1st QR most likely not good" at mention above?

Hi Justin328,

This is just my guess. I may be wrong. Don't take it as an accurate forecast

Cheers

First Quarter Report most likely not good
Second Quarter should be great
Need holding power
Cheers

Hold onto your horse
Just ride the bucking bronco
Make sure your risk management is in order

Monitoring the price movement very closely
Time to top up soon?......
Your guess is as good as mine
It depend on the BIG OPERATOR
:)

Top up opportunity coming soon?
Cheers

Buy on rumour, sell on news
:) :) :)

Top-up opportunity coming?
Cheers

Any big pull-back is a good opportunity to top-up?
Cheers
:) :) :)

Posted by al8800 > Apr 11, 2021 4:19 PM | Report Abuse

Lets watch, after LBAlum, which counters, aluminum penny stock becoming KYY prime target : PA / Alcom / etc.

"Anyone make a detail study on Tong Herr?"

In the Notice of Arbitration, Boskalis claims delay in load out exercise onto the Vessel has incurred demurrage and standby costs. This alleged costs were between 21 April 2020 and 20 July 2020.

MHB has a strong case, as the delay was caused during MCO period?

Any big pull-back is a good opportunity to top-up further.....
Cheers

Leon Huat just purchased a property at Balakong Jaya Industrial Area, Selangor, along with the factory, warehouse and office building for RM28m. They currently rented it for RM 9k per month.

Sound fishy. Why buy, when you can rent it dirt cheap?

"Just to elaborate further"
With based lending rate of 3.5%, they need to pay around 250K per month for 10 year loan of RM28m.
Why pay 250K when you can rent it for 9K?

Bailing somebody out at the expense of shareholders?

Leon Huat just purchased a property at Balakong Jaya Industrial Area, Selangor, along with the factory, warehouse and office building for RM28m. They currently rented it for RM 9k per month.

Sound fishy. Why buy, when you can rent it dirt cheap?

Posted by VenFx > Mar 31, 2021 2:59 PM | Report Abuse

Yup
MHB is Koyak-ing now

"Let wait at 0.610-0.630 yaa"


It depends how much bullets you have.......
Cheers

Waiting for big pull-back to top-up.......
Cheers

Any big pull-back is an opportunity to top-up......
:) :)

Buyer beware.......
Risk vs reward is not attractive

KYY average cost is around 85sen
The last price is 1.42sen i.e. up 70%

Most likely you can only get in at not less than 1.42
Buying is easier; but selling with a good reward could be tough at this price, unless the syndicate had cornered the stock

Any big retracement is a good opportunity to top-up?

I am watching the price movement.............

kokchengkai- "OK - saw the buy rate 66% from KenTrade platform"

Thank you

Posted by kokchengkai > Mar 12, 2021 5:10 PM | Report Abuse

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

kokchengkai - "Where to find this information? KenTrade from Kenanga
has this on-line info?"

Posted by dompeilee > Mar 12, 2021 4:20 PM | Report Abuse

New high 66.5c! 1.505 mil done @ 66c, 96% Buy ratio!

dompeilee "Pls enlighten me how you know there is 96% Buy ratio?"

Price cannot goes up all the way, without pausing and pullback
Somehow there should be profit taking period
Waiting for good pull back before jumping in
:( :) :)

Look like I miss the boat
At this price how to board the boat
#@@@###&^%

Patience, patience, patience
There should be a technical correction ....downward
Will buy after the technical correction
Better not chase at this price

Missed the boat
Hope it can drop again for me to get on to the boat
:(

With KYY involvement, the price could move higher than this level but....
Buying at 93sen is not my comfort level
I rather gives it a pass

KPS is Kumpulan Perangsang Selangor
Main Business is Property Development
Not a True food packaging manufacturer

I think KYY bought around 50sen
Now 93sen, about 100% gain

MATERIAL LITIGATION E.A TECHNIQUE (M) BERHAD ADJUDICATION DECISION DATED 4 DECEMBER 2019 IN RESPECT OF ADJUDICATION REFERENCE NO.: ADJ-2638-2019 BETWEEN MALAYSIA MARINE HEAVY ENGINEERING SDN BHD AND E. A. TECHNIQUE (M) BERHAD
Amended Announcements
Please refer to the earlier announcement reference number: GA1-05122019-00046

E.A.TECHNIQUE (M) BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description E.A TECHNIQUE (M) BERHAD ADJUDICATION DECISION DATED 4 DECEMBER 2019 IN RESPECT OF ADJUDICATION REFERENCE NO.: ADJ-2638-2019 BETWEEN MALAYSIA MARINE HEAVY ENGINEERING SDN BHD AND E. A. TECHNIQUE (M) BERHAD
1. INTRODUCTION



E.A. Technique (M) Berhad (“Company”) refers to the announcement dated 11 June 2019 made by the Company in respect of the receipt of a Payment Claim by Malaysia Marine Heavy Engineering Sdn Bhd (“MMHE”) pursuant to Section 5 of the Construction Industry Payment and Adjudication Act 2012 (“CIPAA”).



The Board of Directors of the Company wishes to announce that on 4 December 2019, Mr Kamraj Nayagam (“Adjudicator”), had delivered its Adjudication Decision dated 4 December 2019 (“Adjudication Decision”) in the Adjudication Reference No.: ADJ-2638-2019 between MMHE and the Company.





2. BACKGROUND INFORMATION



On 29 May 2019, the Company received a Payment Claim dated 29 May 2019 pursuant to Section 5 of the CIPAA from MMHE’s solicitors, Messrs. Mohanadass Partnership for a total amount of US$6,096,791.91.



The Company then served on MMHE a Payment Response dated 14 June 2019 disputing MMHE’s claim.



MMHE filed the Adjudication Claim on 4 September 2019, to the Company claiming for a sum of US$6,096,791.91, the sum relates to allegedly unpaid invoices for additional works carried out pursuant to the ‘Demolition, Refurbishment and Conversion of M.T. Nautica Bergading (ex-SARK) into a Floating, Storage and Offloading (FSO) Facility for Full Field Development (FFD) Project, North Malay Basin (NMB)’ (the “Contract”).



The Company filed the Adjudication Response on 20 September 2019.



On 26 September 2019, MMHE filed its Adjudication Reply.





3. ADJUDICATION DECISION



On 4 December 2019, the Adjudicator delivered its Adjudication Decision. In the Adjudication Decision, the Adjudicator ordered the following:-



a) the Company shall pay the sum of US$6,066,995.71 including 6% of GST to MMHE (“Adjudication Sum”);



b) The Adjudication Sum shall be paid by the Company on or before 3 January 2020;



c) the Company shall pay interest at the rate of 5% per annum on the Adjudication Sum from the date of Adjudication Decision (4 December 2019) until the full and final settlement of the Adjudication Sum;



d) the Company shall bear the costs of adjudication which includes the following:-



i. RM150,000.00 being the cost to be paid to MMHE;

ii. RM54,555.69 being the reimbursement of sums paid to the AIAC by MMHE.





4. THE BUSINESS, FINANCIAL AND OPERATION IMPACTS OF THE CIPAA PAYMENT CLAIM AND THE STEPS TAKEN



The CIPAA Payment Claim is not expected to have any potential business or operational impact on the Company. At this juncture, the Company has not made any provision in the accounts as the Company is seeking advice and consultation from its solicitor to contest the matter. However, the CIPAA Payment Claim is expected to have a financial impact of approximately RM25.50 million (excluding interest) to the Company by reducing its future profit and cashflow position.



The Company is in the midst of reviewing the Adjudication Decision and may proceed to file an application to set aside and/or to stay the Adjudication Decision.



Further announcement will be made in respect of any material development thereof.



This announcement is dated 6 December 2019.

With good 3QFY19 result, GENM did not rally
Most likely Empire Resort still not fully factor in
Technical still shows weakness
Price could weaken further

3QR still not out. Getting very concern. Could be not a good report.
Better take some money off the table and wait at the side line

RM3.00 is a strong support level for GENM
Can this support hold?
Your guess is as good as mine :)

Daily chart looks weak :)
Price could declines further
Not sure how is GENM 3 QR performance coming out 30th Nov
But CNY always bullish for GENM

My humble opinion:

With respect to technical and fundamental, Velesto is still in uptrend mode

Hold onto your Velesto shares

You should be rewarded by year end :)

My humble opinion:

With reference to technical and fundamental, MHB is till in uptrend mode.
Hold onto your MHB shares.
You should be rewarded by year end. :)

Technically, GENM still under downward pressure.
Can RM3.00 be maintained?
Your guess is as good as mine :)

Time to take some money off the table. :) :)

Landslide in Genting Highland this evening 5th Nov 2019

Two negative news in one day.

Can the Bull fence off the BEAR?

Another recuse by GENM to help desperate Kien Huat Realty III Ltd. at the expense of GENM minority shareholders

Genting USA ups stake in Empire with RM534m share purchase

KUALA LUMPUR: Genting Malaysia Bhd indirect unit Genting (USA) Ltd has purchased 12.20 million shares in Empire Resorts, Inc from Kien Huat Realty III Ltd for US$128.56mil (RM534mil).

Genting Malaysia announced to Bursa Malaysia that GenUSA bought the shares at US$9.74 per share on Monday.


Read more at https://www.thestar.com.my/business/business-news/2019/11/05/genting-usa-ups-stake-in-empire-with-rm534m-share-purchase#6a3UpjHfTHdKurxR.99

Now is time to accumulate before you miss the next uptrend move soon

ESOS pricing already priced last Friday 1st Nov at RM0.33

No need to hold for 1 year.
Those who had hold Armada around 0.22 sen, in less than 6 months should be laughing to the bank. :) :)
Cheers

IMO, chart-wise,GEMN still downtrend. If RM3.00 broken, next support level could be RM2.80.
If this level still cannot maintain, see you at RM2.20 :)

In spite of Company aggresive share buy back, Latitude Tree is still plunging like mad.
Chart wise, it is very BEARISH.
Any reasons for this plunge?
It appear the really bad news haven't surface yet.

Manage to unload on this good rebound?
:)

GENM is a good counter to keep in your portfolio but the current market trend for GENM is still going South.
If you still have this counter, the right strategy is sell on any rebound.
You can buy back at lower price few months down the road.
This is my humble opinion.
:)