crude oil is not a renewable energy source, its scarce and will deplete one day... as long as russia's was does not end, brent will continue to prevail.... if not short run, mid term at least, and there is always silterra to the rescue :-0 happy hunting

last harta was up was in 31 May at 4.20 .... and since then for the whole of June its been down to now 2.82 or 33% in 15 days? Has there been any news? Even in bear market..... why the continuous drop?

i assume sapura traders are purely speculation traders and not long term, respect the balls of steel, for a company that is on its way down, or if not then requires saving, like rights issue for cash, either way exciting to see the trades, since last 5mins was all sell sell sell.... monday shd be buy buy buy then ? happy hunting...

welcome back calvin..... i think i3investor is your full time job, hope you got ur 1 day leave approved :-)

nice approach Calvin, and i like your caveat at the bottom "buy or sell at your own risk" .... you are turning out to be a professional financial advisor, reporting on facts and never to mislead. If talk about long term.... 10 years and above investing, banks are the safest bet, yes it can go up and down, but dividend is pretty assured - it will range 3-4% yield initially but after a few years with appreciation the yield will get better. Palm oil play for now is purely due to the market imbalance.... which carries its own risk, as we can see CPO is hovering at about 5,500 from about 6.500 just about 10 days ago.

kazakstan... ranks a lowly no. 102 of 180 countries in corruption, and even kazakh govt has sued reach and won their case.... speaks a lot about govt support... the day reach leaves land locked kazakh will be the day they can make some money

they say don't swim where there is too many sharks, but sometimes thats where we want for many reasons... waves and good, but nostly because we are baited....but with that TSH shd not be winged for errors of human, Co is fundamentally good and few cents here and there shd not warrant a full pull out

unless ping petroleum.... collapses and burns to the ground, dnex along with silterra business will be announcing easily the best Q result since inception... with revenues demonimated in USD ....and brent averaging above 110 in this Q....hard not to but in at 88c.... like number too

The Federal Reserve approved the largest interest rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades as it races to slow the economy and combat inflation that is running at a 40-year high.

Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, which will increase the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%. Will this lead to recession?

soon i3investor forum will be largest shareholder of co. because all directors and main shareholders selling....margin call or otherwise

thx @NatsukoMishima ....for your kind remarks :-)

epf will be buying naturally.... as glove counters even tho drop but at current prices represent decent earnings and div yield...

nice try calvin :-) ... looks like we are heading for a recession if Fed and BNM further increases rates, as this will bring down demand, and bring down consumer purchases, which will bring down demand for palm oil, and other as well..... brace for a prolonged downturn, preserve cash and take a rest from investing.... just my opinion

dow in just half hour opening trade.... already 736 points down, holy cow.... on friday, the whole day was 880 points down...... are we in for a black monday?

ah the glove counters, once the darling.... dont worry about cutting loss guys, as even if you invested in maybank..... youwill beselling at a loss, but more importantly invest in a counter that has good potential future outlook, as price is based future earnings and not cash holding and surely not history, just have to move on.... my supermax is at 91c and same time dnex is also 91c..... which is a part story and which has a good earnings future? ok if you dont know.... then relay on banks price targets..... check them out which counter has better earnings future?

CPO price just dipped more than 4%... biggest dip in recent times, id the russian ukraine war over soon?

all those who made money.... locked in profits, realised big gain etc etc.... just keep to yourself and your bank account, no need to brag and show-off.... either karma will get you or you will get karma, have some humility and even if you lose big time, take t as lesson and move on.... just don't brag lah....unless you want to share your profits, like that can one.... :-)

probability.... thanks for the crack spread future's hedging vs un hedge position.... gives me a good understanding, but iscracknposition itself? there a futures market cor

amazing statistics.... from 9am to 4:45pm, total volume 19.5m but in last 15 mins, volume is 17.8m.... syndicate at play surely... tread with care

bot at 78c today..... lets see how bonus issue goes ...happy hunting

I wonder who were the buyers when it went to RM7 plus? why push price to so high...only to drop

how some none of i3investors on the list ?..... LOL looks like all here kaki sembang and kaki lawak only

@GrowthCapitalist..... yes ur right on chintek, and also kfima, and a few more kretam, kimloong, these are all slowly lurking, sometimes its the less talked about that will shine. As for PE analysis, its only a benchmark to see how the market values the sector in normal times, for example for banking counters, PE of 12-15 already considered high.... but some sectors this is considered low... EV is more for long term valuation

i was curious as to what P/E ratio was TSH trading at in previous years..... shock to find out 2016-44x, 2017-19x, 2018-38x, 2019-38x, 2020-19x, 2021-12x....... and surprise2, current 2022 forward Q1 p/E is only 5x,,,, talk about potential upside

good article calvin, i like when you report on facts :-) published facts..... but article only covers the big boys..... the smaller players some also match the margins shown, my personal no. 1 counter is hsplant.... very good management

whar happened to HWGB - ho wah genting berhad, also under genting group or maybe not? they were also working on vaccine? how is this different to Taurx?

How come HY Q report never make any announcement on derivative gain/loss but rather mention lower crack margin, which is not correct ? management also never mention about derivative positions?

company is adopting incorrect business model, for most if not all power plant/solar based projects, financing can only be raised via long term bond/sukuk arrangements, whereby the returns will be almost flat but guaranteed for long term say 25-30 years, these type of investments are not for retail investors, as there will be close to zero dividend.... therefore in my opinion, either tenaga or khazanah shd acquire this company for long term national building and RE target achievements.... while retail investor shd just stay away, either way main shareholders are seen diluting their interest, and wonder who the private placements were made to?

just saw news that indon govt is barring its workers to come to malaysia to harvest CPO, and therefore looks like production for 2022 will most probably be lower than 2021 overall, meaning revenue will probably be also lower, but if demand keeps the same and supply is low, rightfully it shd pressure the price to move up..... therefore less production, less sales but price move higher.... if alls well, we will end up having same revenue in 2022 compared to 2021.... what say u?

thanks or no thanks to 1MDB ... ambank price got shot down, and now making its way back into the PE of its peers, hope this will sustain..... nearest to ambank is cimb, forward looking PE

in tsh we trust :-) .... my first choise was actually hsplant, but almost doing equally as bad, then u have the dividend counters, cepat, bplant, inno... neer go down much but also never to up... lastly u have the almost zero trading.... chin, kfima, kretam...... inching away upwards unnoticed,,,,, indons have cancelled crossing the channel to harvest cpo.... they need to find a way to extract juice while fruits still up on tree :-)

Supermx made 0.49c eps and issued 3c div, that helped sentiment as 3/1.03 is 2.9% yield, TG made 1.09c eps in Q Feb, not sure if next Q can also make 1c but my guess will be lower, and if no div....sure price will take hit, another surprise supermx has 2.9b cash where asTG has only 560m cash... hmmm

Commentaries are commentaries, if one dexide to follow it one has no one to blame but oneself, there are more dishonest people out there than honest ones so what so u expect, importantly do ur homework, access ur risk apetite so as to know what counters to stay away from, and never blame anyone else for ur decision, after all did kyy put a gun to ur head and ask to buy... but I'm sure some have benefitted from kyy using reverse psychology methods and being 1 step ahead of his predicted advices... Happy hunting

calvin.... try not to over-sell your position, you have raised many good points but beyond that there is the market and its multitude of players, muititude of sentiments that goes into the pricing of a share, how about promoting some of the other CPO counters that is not so mentioned and are doing better than TSH at this point. Sometimes a counter tries to weed out contra players before heading on its way, and TSH could be weeding off over-selling sentiments before normalising... meanwhile let's look at wtk, kfima, kretam, inno, cepat, and the rest of the geng :-)

subur... is a funny case lah, good business, and now with CPO u, profits coming but have run out of cash to run daily business, and then when you see the BS - balance sheet and not bullsheet - there is a 53m treasury shares, who ask to go buy ur shares, when you cud have used it for working capital.... lesson 101 of how to apply wrong strategy, and then have people like kyy out o fblue promote the counter and make ppl get sucked in..... just look at kfima, quiet counter quiently planting its palm oil trees, no one kacau..... only me, and its slowly gaining ground.... no hu ha no margin call no kyy :-) happy hunting

@skoh888... haha when boss not around I grab phone and log in heee

So was it right to average down yesterday at 1.26 only time wi tell... its hit1.30 bout noon... but will it stay? Stay tuned till end of this program... don't switch channel even if advert come out

yo people.... do check on EPS and rolling and forward 4Q results of RHB and Ambank..... they are better than CIMB and the other banks, do homework and decide.

kretam has good upside, looking at few factors 1) price upside still there (current price 61c is still the same as what it was in early Feb), 2) decent Q result of 1.97 eps, and assume x4 thats PE of 7.6x; 3) usd to rm exchange rate enables better earnings (as CPO sold in us$), 4) lower harvest dragged eps lower so had upside in next Q.... happy investing

early feb 22, price was about 3.70 and today its 5.52; so thats 50% increse in price, and i believe it has absorbed the higher CPO into the price already, if price can stay around here will be good enough already, but there could be upside, coming from CPOprice breaching 7,000 or prolonged soviet war, or further RM rate deterioration... but far fetched wishful thinking if you ask me.... better to turn to CPO counters where the price increase is about 15-30% compared to early Feb - where the price has upside left.

@nazrzach .... no thats not correct, q3 showed overall profit of 307m, which includes 317m gain of -ve goodwill (as IFRS says any -ve goodwill shd be charged to profit and loss account). Therefore to get to the "real" profit before -ve goodwill, its 307 - 317 = -10.... but mngt justified this loss by saying that they were short of 1 offtake which did not take place, otherwise i guess it would have been perhaps 20-25m profit. Remember q3 only sold about 500,000 boe, which is low, in the whole of q1-q3 total sales was 2.6m boe. Lastly, mnt forecasts that they will sell 2m boe in q4. This q4 sale will most probably (unless brent crashes in June) be at higher per unit sale compared to q3 and previous quarters. Hope this is clear.

Month end window dressing I'm guessing, from 1.35 to 1.40 without gap very unusual.... but then again Brent shot up too, as well as usual vs RM, tripple whammy gain for hibiscus... Brent up, RM down since crude sold in USD, and 2m boe awaiting Q4 sales.

I respect ur balls of steel....Calvin, I dare not go in anymore, focusing on my portfolio distribution covering banks

Great move skoh888.... those who can monitor closely can do this, I'm weak when it comes to cut-loss positions.... sometimes I ignore and the when goes below that ...aisey forgot to sell ok lah keep.... heeee no discipline

Yup event cud be window dressing for mth end pricing and big boys portfolio realignment.... not to be alarmed.... or TSH doing share buyback to shock shareholders same time LOL... stay tough guys, but really happy on FGV announcement ....against all odds

what just happened.... in last 15mins, 7m shares traded at 1.26 !!! just like that someone decided to park to buy and someone conveniently sold equally.... if this is not manipulation then what is? Reverse happened at hibiscus..... from 1.35 to 1.40.... bang bang bang, interesting days

@GrowthCapitalist ..... the public spread was announced by management itself, where they stated that the top 5 or 10 largest shareholders only hold a small portion, therefore leaving a big portion out there for trading, you can say hibiscus belongs to the people...
in Q3 announced 307m profit but this included 317m of negative goodwill, therefore if you strip out -ve goodwill it was actually a loss of 10m but management justified it by saying that 1 offtake was missed in the month, where generally there is about 11 offtakes in a year and therefore there will be one mth where there there will be 1 offtake lacking and this was the mth.... for on of their reservoirs... nevertheless mngt said will make up for this in the 2m boe equivalent sales that will be made in Q4, which only time can tell

QR commentary other than stating mathamatical variance from last year Q and last Q makes to attempt to explain how come continue to do business with negative gross margin.... there were better off not engaging in work altogether.... half if not more from middle east... which is now cash rich due to high brent

@zhangzuode.... yes IFRS says if the studies are pertaining to future income generation that can be proved to some extent, then can be capitalised and amortised there on. Same with the negative goodwill which is a good thing actually - meaning they paid less than the NTA means they can capitalise the sum, as non distributable reserves, all sounds good, furthermore repsol returns were from an associate and therefore did not show in the revenue, but was present in the PBT, all good... nevertheless the market did not think so.

nice article @skoh888 ... i like ur2 suggestions, and im taking the first suggestion, and have already gone in, but on your point about IB, im sure u know that they issue 15 CWs and then someone will issue 1 PW... where is the fairness in this? Naturally it will be in their interest to push the mother share down, thats just their strategy, just like short selling, the strategy is clear, but you mentioned JTiasa has no CWs and yet not doing well.... thats a good point, how about hibiscus? any opinion?