Gaza conflict is esclating the whole middle east with US { Israel} vs the rest of Arab world with Russia watching from the back

Will buy Mah Sing if price drop below <80 hold for long term

Yes. The interest rate for the USD 2.4 billion will be charged at SOFR + agreed margin spread of dollar denominated loans. Currently SOFR is at 5.4%+1% margin spread =6.4% in USD. The USD is now trading at 4.8 MYR . 20 year high vs our local ringgit

After the 5 :2 share consolidation. Expect Hisbiscus to pay out a more decent dividend. Dissapointed for the whole FY only declared 1.25sen per share. And the payment date only in January 2024 next year. Why can't the Board declared a higher quantum rate and paid out by end November { instead wait till next year}

Maybank investments see LOTTE CHEMICAL losses widenening & exoanding in the 3rd & 4th quarter of 2023. The investment bank estimated core losses for the cumulative 9 mth period would range betw 650 Million to 700 million. The research house has a sell call on LCtitan following the downward revision.

Without prejudice . The increased in SST rate from 6% to 8% have an impact on Genting bottom line. Previously the 6% tax is absorbed by the gaming Group. Whether the group continues to absorb the new tax rate of 8% is something to chew on. If they discontinue the practice. Customers may feel short changed when they patronised the gambling tables. From zero rate { the old 6% rate absorbed by Genting} outvof the blue 8% is suddenly imposed. The initial reaction will not be favourable or positive. Plus the so called toll levy on people driving up is a double whammy

The proposal to diversify and merge Ekovest business into a different listed units may not be the best interest for the minorities. Looking at their announcement.
Very limited information is provided or clarity on their proposed land deals between the related parties , valuations, private placements and number of shares issued plus Ekovest cash payment quantum to the parties concern. We need more than a so called valuation report to justify the amount paid out. Just my 2 sen

Property counters partly hit by nervous investor's interest after Country Garden { China largest property developer} missed it's final deadline on its off shore bonds interest payment. Malaysia have significant China developers presence. Sentiment will be hit on both buyer's and investor radar

Country Garden largest China property developer has missed it's final deadline { 30 days grace period} ~on a dollar interest payment denominated on off shore bonds. This may have an spill over effects on our property counters. Malaysia have significant China developers projects and sentiment will be dampened on both buyer's and developers interest

Coming 3rd Qtr Sep {2023} result will be announced by end Oct. The last 5-6 qtr result was bad. LCtitan posted negative and unfavourable performance due to challenging market conditions. Demand for polymer related product is lack lustre. The company may pay a token dividend payout to avoid further down grade by the IB's analyst. Just my 2 sen

No point writing after the EGM. Majority of minorities never turn up or voted. How they handled and disclosed the transaction sale of FBM Hudson needs more clarity. The board says they expects a loss of 95 Million to arise from the sale even with the higher price tag of 22 million Euto vs 12 million Euto previously announced. .

The Friday announcement by Anwar of the Mot 4% stamp duty imposed on foreigner's or non resident transaction for properties will affect our southern state of Johor. Our neighbours { Singaporean } are very sensitive & calculative over any additional levy and taxes they need to fork out

Listing in SGX due to KNM GROUP financial position and PN 17 status. Bursa listing are very clear on secondary listing of subsidiary. In addition KNM lmajority of their sales revenue is derives from the Borsig industrial group. Meaning the rest of KNM GROUP is dormant and lack lustre. We cannot rule out possibility of assets injection or private placement by the Board for shares in the KNM GROUP. Just my 2 sen worth

Wonder how many retail players KNM actually turn up to vote at the EGM. Looking at the numbers TY and the incumbents { with MAA backing} have the edge over Tengku Kamariah. Bekir Taib may be the king maker. Right now no one have the numbers yet. The whole EGM may be preemptive and futility. if the creditors reject KNM debt arrangement proposal. Both parties doesn't have the numbers. We the minorities if stand together can really make an impact. Pity the coming EGM is not help physically

List of all the eligible shareholders able to vote at the EGM is based on KNM share register..

Without prejudice looking at KNM financial is depressing and in a dire straits. Total borrowing's of 2 billion without any substantial turn around plans. Borsig creditors have ring fenced their debts. any cash raised if Borsig is sold go towards their debt settlement first. Peterborough plant at UK needs fresh funds to start. The Thailand ethanol plant that was mothballed for the past 2 years need cash. KNM needs more than the 2 billion cash to settle their debt default plus another 1 billion to rejuvenate or start thier Thailand and UK projects. KNM has defaulted on their loans. Banks or any financial institutions will have second thoughts on KNM. Just my own view

Come 16 Oct make sure we vote. Win or loss our vote counts. Then we know what's actual percentage the present board {incumbents} hold vs their challengers

Agreed. Only hot air blowing. Turn around {KNM} plan's still a long way to go. Just buy and sell whenever profit is there. TY helming MAA not that remarkable vs his peers. Sold off thier profitable unit trust & life insurance busineds. Till now nothing special or remarkable. MAA invested into education SJI and buying into KNM. 3 years yet KNM share prices still trending down and slip into PN 17 doldrums

Yes. Looking at their Financial { the last 2 years have been deteriorating and their business operation crimped by high inventories and lack lustre sales. This is without the interest cost added on for theit line plant expansion. Total group borrowing's USD 2.5 { 11 - 12 MYR} billion over 10 years is a drain on their P&L° not forgetting their competitor in China, Thailand & India has been ramping up thier own plant expansion. 2 years from now their buisness expansion may or maynot be exactly they forsee previously. Coming 3qtr result { ending 30th Sept} will be announced in late October. We may see another big hit on their bottom line

Just to share. The local casino duties have been raised to 35% from 25%{ based on gaming revenue} and gaming machine duties and taxes increased to 30% from 20%{ on gross collections } The possibility of another tax hike is very real. All this add on more operating pressure on Genting

Not a good time to buy. US market looks choppy facing lots of uncertainties & headwind. Our local market will be impacted if major correction in the US equities. Be conservative & prudent in your stock selection.

Traditionally Malaysia budget doesn't look good for gambling or alcoholic sectors. Expect Anwar to push for more taxation. Genting and other 4D counters may be on his list

Lim Kang Ho is not a greeh horn. He owns, hold and control multiple list of companies { listed and unlisted} thru numerous cross holding. PLC Listed on Bursa Malaysia. Example little known construction outfit Knusford and Ekovest, Property development IWC and unlisted IWH. Ekovest is buying 4 parcels of land { paying cash and Ekovest Shares} to Credence Resources Ssn Bhd { privately held by Lim Kang Ho. Ekovest { a construction company} also hold interest in PLS berhad a durian farm owned by Tan Sri. As a shrewd businessmen. Your interest comes first or his own business

Very obvious. Behind the facade hidden hands making a play for Knusfor today. Ekovest is being blind sided

Lim Keng cheng { Nephew of Lim Kang Ho} disposed off all his direct shareholdings { based on company submission on 26 Sep} Keng Cheng only hold { indirect interest thru Lim Seong Hai Holdings SB}

I may be wrong. EWI initial IPO was set at 1.20 per share. With the seed funds raised from their IPO. EWI invested the funds in land banks centre in London, Melbourne and Sydney area. They buy the land banks when the MYR was relatively stable and firm vs the Pound and Aud. Fast forward the losses brought forward by their JV projects impairment was write off. Unlike in Malaysia and certain parts of Asia. Properties in overseas { UK operations} you need to complete and finished the projects before they are allowed offer { for sale to the public.} Unlike our local properties scenario sell first before building it. After holding the development properties the last 2 - 4 years { delayed by the pandemic} the wait is over. Now EWI has in hand stock units which they can sell plus unutilised land banks { which they can hold or dispose off as and when is favourable. Right now our MYR vs Pound is at a new low { 5.73 } MYR vs USD { 4.70}. With the cash generated they can redeem and paid back whatever MYR borrowings. EWI income is in Pound and Aud. Impairment can be write back as and when circumstances permit. Land development projects takes betw 3-5 years { depends on the sizes}

Just an interesting business proposal. EWI list part of their Australia and London unit with their local partners on the London & Sydney bourse. ECOWORLD inject PART of their Singapore LAND bank into EWI.. EWI international with listing on London, Sydney & Singapore. Good idea with cross holdings and a value creation proposition. Friends just my own take and idea

In business nothing is cast in stone. Please share what you know. Share with facts and logic { income, P&L statement, projected distribution or management guidance. Not keep harping on the negatively or badmouth without the facts. Good or bad let us digest the figs. Afterall all of us are the minorities holding the shares

Realistically our MYR has weakened significantly against the pound. Indirectly benefiting developers who built and sell their completed projects in UK. The pound was at 5.20- 5.23 {Sept 2019}, 5.30 - 5.33 {Sept 2020} vs current rate 5.79-5.80 against our MYR. On a back to back basis a FX gain of between 9% - 10%. Not a buy call. Please do your own research

Based on the 2022 Annual Report EWI developments centre in and around London {UK} and Australia { Sydney and Melbourne} which recorded substantial price increases despite the lockdown and outbreak vs our local property scene. The cash balance at end FY 2022 stands at 614,220 vs 336,115 { 2021} Total assets at 2,952,660 vs current liabilities of around 504,472 { at end Oct 2022} the 33 sen { 1st tranche } of the repayment earmark mentioned in the Annual Report. The losses incurred was mainly attributed to the impairment and write down on their Ballymore project. The group monetization is geared towards value creation. This are figs extracted from part of their income statement

In business nothing is cast in stone. But next week 330 sen special interim dividend per share is forthcoming { to be credited on 29 September} the final dividend to be announced at the end of FY calender . Quantum of the payout will be closely watch. Keep our fingers cross for more positive upside and news announcement. Afterall the backers of ECW are not green horns

The past 2-3 years most property counters performance is lack lustre compounded by the pandemic and subsequent lock down. Hopefully, we can see some light and better performance & improvement in the coming quaters. A tribute and hats off to the long suffering minorities who despite all odds still hanging on.

In a filing submitted to Bursa Malaysia on 30 August. The company via thru PP app 270 million shares or 10% of its issued share to strategic investors at 43.5 sen per share. The group expects to raise up to 118 Million. Out of which 86 Million will go towards partially funding the construction the RTS link. In addition app 29 million will be utilised for general working capital. A sum of 2.8 million for expenses related to the private placement exercise. After the PP exercise Ekovest gearing will be reduced to 2.59 times from 2.71. Under Bursa listing. There are 2 kinds of PP allowed. Preferential allotment and qualified institutional placement. Under the previous relief measures. Plc are allowed to increase their mandates from the existing 10% to not more than 20% of the total number of issued shares. Need to check the revised listing rules whether any revision is make to the above amendments. Not a buy or sell call. Please do your own research

Without prejudice. The private placement of 113 Million shares at 43 sen is a real overhang for the minorities. Sell at 53 sen and lock in the 10sen profit { 23% return } just collect and sell. Straight forward

Yes. Agreed with YOLO Not everyday a listed Plc will return back 33 sen back to you in a timerly schedule with more to come. 33 sen vs 73 sen {45% return back to you } is not something you come across everyday. This is a special interim payout { first tranche} plus another regular final dividend out by end of October FY 2023.

Chart shows a positive momentum. Long bullish candlestick formation. an uptrend chart formation if close at a new high >73 this afternoon. Cheers

Without prejudice. I believed the big 3 have collectively accumulated a substantial number of shares in the past 1 or 2 years at low price. With the maturity of the London projects & property development { plus the favourite exchange rate vs the ringgit} it's master stroke by the captains to collect back what was invested without any capital or share reduction. What they control is app 70%. App 30%{ Leong}, 27%{ HL} and 12%{Liew}. What about other nominees account. Their MD have forecasted EWI have sufficient cash reserves and cash flow after paying this special amount { meaning they are have sufficient self generating income coming in} not a buy call or sell call. Please do your own research

Yes. Looks like their game plan to maximise their losses prior to the Indonesia plant completion in 2025 or 2026. With 5 or 6 years of yearly high losses. Timing is right to take it private with low valuations and negative cash flow. They do it once no stopping for them to follow the second time round or in a extreme scenario. The bank will go on a auction sphree if they are unable to cough up the loans repayment. Just a pure hypothetically conjunction.

Cash flows is the life blood of a company. Without disrespect to any parties or person. A negative cash flow for such a long period is disastrous not to mention a disincentive for any long investor pinning for dividend yoeld

All the number games & gambling operators will be on tenterhooks waiting anxiously for the 6 states outcome. In Perlis, Kedah, Kelantan & Terengganu all the numbers game operator have already ceased or pending closure. Genting is located in Selangor/Pahang.

In Oct 2022 budget. PEKEMA estimate sales of around 500 tesla EV units per year.

Tesla cars are imported Cbu not assembled locally

LCTITAN
1Q FY 23 loss of - MYR232 million
4Q FY 22 loss of - MYR326 million
3Q FY 22 loss of - MYR356 million
2Q FY 22 loss of - MYR 274 million
Coming 2Q result expect loss betw
MYR 250 million amid weakened demand & high inventories. Not a buy or sell call {Please do your research before you buy or sell}

Without prejudice. Generally Esos shares scheme is granted to eligible employees and directors in as an additional incentive pay compensation { apart from the standard normal bonuses and salaries.} If the scheme is tied on a time scale period e. g. period of 5 years. Every year he or she can exercise 20% of the entitlement. 1st year 20%, follow by another 20% the second year etc

SC need to stop this. Market price 88 sen. 8 million shares set at 45 sen Esos. Everybody, staff subscribers & directors laughing to the bank. Every year additional new Esos scheme will only benefit certain parties. Just like printing machine {Atm} Minorities can only keep their fingers crossed and pray.

Without respect to any parties. TEH Family stake in PBB and other related companies are wire round in a trust account. Family members have limited holdings to circumvent the so called limitation holdings imposed by BNM. Individual or congolemerate eyeing PBB stake have limited access to Teh family holdings. Teh Hong Piau is a man with foresight and have the best adviser he can signed on. Day to days running is tied with the Management { with the Board having an eye on their performance }. It's not far fetch but Teh has built up a solid PB foundation thru hard work and integrity. Deep rooted Teh influence is ingrained in PBB work culture. There won't be too much changes in the coming years unless the present Board & Management composition is changed drastically. Teh right hand man Tay Ah Lak is still helming the ship. PBB is still solid based on current scenario

From a financial viewpoint. All upstream plantation companies relies heavily betw 90%-100 %, on the CPO market pricing. Cost of the fertilizer depends whether you are using compound, mixed or straight fertilizer. Price of imported compound fertilizers are much higher vs straight fertilizers. Small holders are known to skip their fertilizer's application when the prices are expensive or they used cheaper substitute products. Labour cost is the biggest cost for any plantation followed by field replanting costs. Fertilizer make up around 20% - 25% of their fixed costs. Other planter's are welcome to give thier feedbacks

Dormant and sideway after initial IPO euphoria. Lifeless and out of the blue play up 2-3 days {56 - 62 price range.} Now drifted back to 55 - 56 price level. Initial IPO price at 26 sen.

LC titan have entered into a 12 year term loan of USD 2.4 billion facility to fund the Indonesia Line project. With the USD FED rates ballooned up from 1% to current 5% and the USD exchange rate sky rocketing from 3.9 MYR to current 4.6.MYR The cost have blown up from 9.36 MYR billion to 11.04 billion MYR. It's worrying and bad for any borrowing's denominated in USD. You get hit by the exchange rate and the interest rate respectively. If the FED { Jerome Powell} continues their so called hawkish stand on inflation. Please remember do your own research before you buy or sell.

Without disrespect to any sifu. Just my own view{s} on Peter Lim. He invested in Wilmar in the early days and he cash out of Wilmar when a golden opportunity { arise after Wilmar grew in size, areages & capacity and attracted financial interests. Peter Lim is not a green horn. He was a successful and well connected stock broker & in Indonesia, Singapore & Malaysia. Wilmar trading was started by Kuok Khoon Hong and Martua Sitorus in West Sumatra Estate called PT Agra Masang Perkasa. The Co founder of Wilmar was a former client of Peter Lim and later became his close friend. Peter Lim had in one of his interview says one must able to seize the opportunity and able to get help from the people he know.



and attracted interest after the Asian Financial crisis }