DNeX issued a legal proceeding against Mimastronics Technologies Company Limited, a wholly-owned subsidiary of CGP (which also holds a 40% equity interest in Silterra).
DNeX and CGP owns Silterra 60:40 respectively. However, DNeX's 60% portion was partially funded by the issuance of ICPS (amounting to RM100m) to MIMAS via DNeX Semi. MIMAS has the right to convert this ICPS to own 33.3% in DNeX Semi. Post-conversion, this will translate into an additional 20%-equity interest in Silterra. 33.3% x 60% = 20% The complication is - according to MITI, there was a condition that at least 55% of the shareholding of SilTerra was to be owned by a Malaysian entity. A breach of this condition would trigger a possible revocation of the Licence. Dont panic not end of the world..... shareholding intact, operations intact.... just panic in the room
guys can you all just cool down...... lots of repeat and nonsense being sprayed in this forum.... its only shares, u buy u sell..... sometimes make money sometimes loss..... just like gambling lah, if u want only make money go put FD 100% make money..... no need to join any forum
Nice article, but basic economics of demand (pretty much same), supply (will be higher in coming good season months) and substitutes (conola, soy etc), will play in key role in the pricing mechanism. The fact remains that CPO companies will show bumper profits in the Q2 announcements, and hope this will help bump up the prices a little at least in anticipation of continued profits which will be tough. If the price can hold above RM3,500 till year end, that alone will be a bonus. Happy hunting ..... boys
guys don't kill the messenger....Calvin is only doing what he feels is right.... decision to invest of cut is on you nit him so go easy...it maybe painful enuf already for him and many others me included
share prices are based on future expected earnings that's all, therefore its factors that influence the future expected earnings that we need to be aware off and not individual items.s like hike in int rates
cpo closed at 4350....down by 7.6% huge drop for a day, but there's a clear reason as indon is flushing the market with their backlog inventories...good thing is that when price was up TSH was down so I believe it has bottomed up or maxed so only way is up
my floor price for CPO is 4,000 and its pretty close, indon is pushing their big inventories and is seen from msia drop in exports in May to be followed by June and with lower prices will be boudle whammy
thanks for the enlightening write up skoh888... and to add recession is defined as 2 continous quarter decline in GDP. There has been no decline as such, and even if it starts in say july so we will actually know only by dec 2022. The world just go out of covid doldrums and therefore we cannot afford to get into a recession so soon. The hike in prices or so called inflation was brought about by high energy prices, stemming from no doubt russia ukraine war, but also demand picking up after covid. We shd be aware of this fact and therefore the so called inflation can partly be explained due to the increased demand. Anyone aiming to reduce inflation can only reduce the portion which is artificially induced by middle man etc but not the part which is fundamentally there due to demand rise after covid. Just my 2 cents.
dear fellow investors, after reviewing the last QR, i made a startling discovery, YTD profits current FY was RM164m and RM126m..... well wonderful aint it, but wait a minute, in the cashflow, there is an increase in trade receivable of RM193m and RM120m..... which makes the actual cash flow current YTD deficit of 29m and excess of 6m... this is so alarming. This means the sales revenue is super questionable, bet it will not get through external audit eyes. Beware of future investing here .... happy hunting
mabel.... u are promoting se and sd like there is no tomorrow, one is hutang king, and the other improper accounting books king.,.. both soon to default big big time, with capital reduction exercise in the horizon... happy hunting
calvin.... hos is it that you know exactly when steveccwong will write his comment and then you conveniently follow up next saying good work wong..... and write yours not just here but also elsewhere..... hmmmm
one of the worst commentaries i have seen in the performance, no proper explanation fo the drop in revenue and subsequent drop in profit except statement of "current quarter reported lower revenue because it dropped from last mth".... wtf
hahaha..... u just said the opposite cashflow, funny ur name is cashflow and what you just mention is NOT cashflow, the write-back of impaired assets are what we call non-cash adjustments, and while the credit can increase profits, they mean nothing for share price evaluation, which is always on forward looking earnings..... more importantly cash earnings
if the lss2 project irr is 6.4% is this below or above the sukuk borrowing cost? if no.... then cypark is in big trouble, and who is supposed to be the offtaker? government? auditor has not done a good job in accessing impairment surely
sapura nrg is one of those counters that can easily make or break u, in matter is weeks sometimes, a bumi flagship that is so large.... govt cannot afford it to fail, yet so useless in terms of NTA and total debts.... its like marrying a girl, and inheriting her 10 kids from former marriage as baggage..... sorry for the crude example, company will never ever be able to pay dividends - not in near future.... so only hope is capital appreciation, and hope for no capital reduction exercise.... if you have a strong heart, go ahead.... happy hunting
reach price is all dependant on its oil production, last QR revenue of 50m rose 100% from last year QR 25m, but dont know ahy the profit just stagnant, 3m both Q, perhaps exploration cost still high, have not reach breakeven yet ... based on fundamentals, price shd normalise back to pre-new owner come in hype... happy hunting
"Malaysian palm oil futures extended gains towards the MYR 5,000-per-tonne mark as dip buyers emerged to blunt a massive meltdown that sent the commodity to a six-month low of MYR 4,500 last week. Still, fundamentals in the palm oil complex remained clouded by rising global supplies and weak export demand from Malaysia. Indonesia has recently announced an export acceleration scheme to ship at least 1 million tonnes of crude palm oil and derivatives. The world's biggest exporter also reduced the maximum export tax rate and levy for crude palm oil to $488 per tonne from $575 per tonne to boost shipments. At the same time, in Malaysia, the production is expected to increase in the months ahead on higher crops and as migrant workers return, while exports for June 1-25 fell between 13% and 19.6% from the same period in May according to cargo surveyors."...happy hunting
twynstar thx for the write up.... its the "other expenses" in the last QR that was left undefined that is causing concern... if they report a 150m or so other expenses.... then the profits are wiped out
div exdate price just few days back at 1.07 and after 3c div....... its down to 90c.... truly unexplainable, as crude stayed about the same... is there something about the repsol acquisition that we are not aware off?
do you hys realise tsh and hsplant always move opposite......if one more 5c up the other 5c down, and vice versa..... in myportfolio it evens out and no gain no loss ...LOL is this coincidence or just the power of having a diversified portfolio
bawa bertenang, this is normal lah effect after ex-date..... surely have those contra players or those who buy for dividend.... now they sell loh.... price go down loh, if you play see saw..... surely got up and down and up and down.... bawa bertenang, and happy hunting