Chris, thank you for the insight of GHLSYS. You are talking GHLSYS as a Blue Ocean Company just like Air Asia....being innovative & do things differently!!!

Lowest alluminium company PE of 8.7 & high NTA 1.04 Profit margin 5.8 % against Arank 1.8 % . Accumulating to break 0.815 and move into unchartered territory!!!

@sephi....thumps up for your contribution....this supernonic jet after minor repairing will be flying soon....up up all the way!!!!

Symphony plans JV stake sale
http://www.thestar.com.my/Business/Business-News/2014/07/24/Symphony-plans-JV-stake-sale-Move-is-to-realign-its-principal-business-will-raise-RM5622mil-cash/

Sona to have management deal in Thai asset
http://www.thestar.com.my/Business/Business-News/2014/07/22/Sona-to-have-management-deal-Managing-director-says-the-SPAC-will-have-a-role-in-operations-of-Thai/

Go for larger caps: PublicInvest
http://www.thesundaily.my/news/1120158

Sona inks agreement to own Thai oil and gas assets. Fair Value 0.80-0.84
http://www.thestar.com.my/Business/Business-News/2014/07/21/SPAC-believed-to-have-signed-agreement-to-own-Thai-OG-assets/

Q2 profit to be announced on 23rd August 2014 is expected to improve considerably due to 3 months contribution from ePay instead of only 1 month for Q1.

@derrickinvestor, please let us know what are the signs in chart that Sona could reverse on monday?

You have been making constant negative remarks on Sona since listing. I understand that you have many Cliq and recently Sumatec, but why are you keep running down on Sona?

 Posted by derrickinvestor > Jul 19, 2014 10:02 AM | Report Abuse 

there is a sign in chart monday could reverse. so early morning must run.....

@TLTAN, thank you. Don't worry whether the price goes up or down. What we want is reliable information and genuine sharing so that everyone will benefit. It's up to each individual's decision to buy or sell.

Tanah Makmur listing today IPO RM1.25

Fair Value : RM1.50 by Alliance

RM1.74 by RHB

US stocks rise as Yellen says stimulus must continue
US stocks rose as Federal Reserve Chair Janet Yellen told lawmakers the central bank
must press on with monetary stimulus as “significant slack” remains in labour markets
and inflation is still below the Fed’s goal. JPMorgan Chase & Co and Goldman Sachs
Group Inc increased more than 1.5% after the banks reported better-than-estimated
earnings. (Bloomberg)

US retail sales, manufacturing data point at firming economy
A gauge of US consumer spending rose solidly in June, in the latest sign that the
economy ended the second quarter on a firmer footing. That momentum appeared to
have carried into the third quarter, with other data showing factory activity in New
York state expanded sharply in July. The Commerce Department said core sales, which
strip out automobiles, gasoline, building materials and food services, increased 0.6%
last month after rising by an upwardly revised 0.2% in May. (Reuters)

Hibiscus Petroleum one step closer towards realising production in Australia
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1677301

Hirex Signs Heads Of Agreement For 20 Per Cent Stake In Offshore Licence In Australia
http://rex.listedcompany.com/newsroom/20140707_074048_5WH_709NXOI2J5R7O4HR.1.pdf

Signing of agreement delayed
http://www.theedgemalaysia.com/mobile/article.php?id=296249

EPF to be part of consortium to redevelop former Pudu jail site
http://www.thestar.com.my/Business/Business-News/2014/06/24/EPF-to-be-part-of-consortium-to-redevelop-former-Pudu-jail-site/

OSK Property plans to launch RM3bil properties in Sungai Petani
http://www.thestar.com.my/Business/Business-News/2014/06/23/OSK-Property-plans-to-launch-RM3bil-properties-The-launches-over-10-to-15-years-will-be-in-Sungai-P/

Fed says economy rebounding as it trims bond purchases
The Federal Reserve said growth is bouncing back and the job market is improving as
it continued to reduce the monthly pace of asset purchases. “Economic activity is
rebounding in the current quarter and will continue to expand at a moderate pace,”
Fed Chair Janet Yellen said. Even with declines in unemployment, “a broader
assessment of indicators suggests that underutilization in the labor market remains
significant.” (Bloomberg)

@ sephi....welcome on board....:-)

Simple calculation of interest for the USD140m loan.
USD140m x 1.5 % = USD2.1m/year

Posted by prc4wifefe > Jun 13, 2014 11:18 AM | Report Abuse

Thai operation fror Salamander in itself reported a profit after tax of USD209million.if this level is sustained (expect to be better) then SONA's share for this year will be USD80million/2 = USD 40million = RM120million profit

EPS = 0.082 from 2nd half FY14.

15xPER = RM1.23/share


Posted by rikki > Jun 10, 2014 12:54 PM | Report Abuse X

There are still some confusion about how the interest rate is charged. US Dollar loan is based on LIBOR + margin and NOT BLR + Margin or KLIBOR + margin. Attached a link on LIBOR rate for your better understanding.

The US Dollar loan is now very very cheap at +/- 0.53 + 0.5 = 1.03 % ( 0.5% is the approximate margin charged for a secured loan, since Sona already has oil in production ). For a 5 years loan, the libor rate may be slightly higher. Therefore, I am looking at an all in rate of below 1.5 %.

Dato’ Maznah Binti Abdul Jalil, Chief Financial Officer and Non-Independent Executive Director has over 30 years of experience in corporate advisory roles in various private and public companies. That's why Sona have decided to borrow in US dollar.

http://www.bankrate.com/rates/interest-rates/1-year-libor.aspx

BAuto pre-tax profit soars

http://www.thesundaily.my/news/1076992

Queensville & Bayan City 2 Projects To Boost Future Earnings
http://klse.i3investor.com/blogs/rhb/54050.jsp

@focus....loan of usd100m+ is not a big amount...no syndication is required and it does not matter what instrument the bank offers....the interest rate is still going to be LIBOR + margin, which is very very low.

There are still some confusion about how the interest rate is charged. US Dollar loan is based on LIBOR + margin and NOT BLR + Margin or KLIBOR + margin. Attached a link on LIBOR rate for your better understanding.

The US Dollar loan is now very very cheap at +/- 0.53 + 0.5 = 1.03 % ( 0.5% is the approximate margin charged for a secured loan, since Sona already has oil in production ). For a 5 years loan, the libor rate may be slightly higher. Therefore, I am looking at an all in rate of below 1.5 %.

Dato’ Maznah Binti Abdul Jalil, Chief Financial Officer and Non-Independent Executive Director has over 30 years of experience in corporate advisory roles in various private and public companies. That's why Sona have decided to borrow in US dollar.

http://www.bankrate.com/rates/interest-rates/1-year-libor.aspx

Bro Hawk, i have the same opinion as you that Sona will fly like a supersonic jet when more information is released. USD loan is now very very cheap & since it's a secured loan against proven oil output from bualuang, i am looking at an all-in-rate if less than 1.5%.

Banks will be financing a secured loan against proven oil output from bualuang, thus Sona may even obtained a very very cheap usd loan margin of only 50 basis points. The loan all-in-rate may even be lower than 1.5%.

Sona have not clarify the rate of return for the 40% bualuang oil sale but what i can say is the US dollar loan is very cheap, easily below 3%. Sona will not be worry on the foreign exchange fluctuations like MAS or Air Asia bcoz it's a natural hedging as oil is quoted & sell in USD.

USD rate is quoted after London InterBank Offer Rate (LIBOR) instead if Kuala Lumpur Intervank Offer Rate (KLIBOR) and the USD rate is very much cheaper at the moment. A 12 month USD now is about 0.5335 % & banks will add a margin. I am looking at an all-in rate of less than 3%, as the rate will be higher if the loan is for 5 years or so..

Posted by stockraider > Jun 8, 2014 11:22 AM | Report Abuse 

When SONA borrow is most likely at klibor plus mah....!! 
SONA can borrow at klibor plus 2% approximately 6% pa. 
Therefore....return of 8% pa is still positive to SONA mah...!! 

SAY u have Rm 500m give u return of 8% pa = Rm 40m 
U have Rm 400m loan give u net return of 2% pa = Rm 8m 
Total return of Rm 48m 

PE about 12 to 14x.....for SONA ok loh....!!

http://global-rates.com/interest-rates/libor/american-dollar/american-dollar.aspx

@TLTAN, I can see the sincerity of your sharing. Whatever going to happen, just let it takes its course. Thank you.

No economic bubble, says RAM
Malaysia’s economy is not in a bubble as high household debt continues to weigh on
consumption and spending, RAM Holdings Bhd said. However, it believes that
household debt remains largely contained. According to Bank Negara Malaysia’s
Annual Report 2013, household debt in the country at end-2013 was 86.8% of gross
domestic product (GDP), from 81.1% at 2012, driven by loans for properties and
motor vehicles. “There is no economic bubble. Household debt has also been
contained so it’s no longer a major risk as earlier envisioned,” RAM group CEO Datuk
Seri Dr K Govindan said after the group’s AGM. (Financial Daily)

ruslimz.....macam tunggu kuching bertanduk....sampai all the old promoters semua cabut.....u still remember the no. 1 promoter stonenut?

hi ruslimz.....apa khabar? U are now station here? I already 9 months here but lately seldom comments!!!

Lime Petroleum Norway to get stakes in two more licences from North Energy
http://rex.listedcompany.com/newsroom/20140605_073638_5WH_NB7PT5V8EE03APOR.1.pdf

Manufacturing pickup shows US emerging from slump
Manufacturing expanded in May at the fastest pace this year as American assemblyline
workers responded to increased orders by cranking up production. The Institute
for Supply Management’s factory index rose to 55.4 from the prior month’s 54.9.
Readings above 50 indicate expansion. The release of the data, watched closely by
financial markets as a gauge of the economy’s strength, was anything but smooth.
Twice the Tempe, Arizona-based group had to amend its figures due to calculation
errors. (Bloomberg)

Penang signs with Temasek to set up RM11.3b SSO hub
http://www.thesundaily.my/news/1066547

Hi pop, do check with chris ;)

Hi hepi,sheila, koik & pop, buy Seal 2moro, refer to chris for details.....cheers!!!

China manufacturing gauge rises to five-month high
China’s manufacturing expanded at the fastest pace in five months, in a sign the
government’s measures to counter an economic slowdown are gaining traction. The
Purchasing Managers’ Index (CPMINDX) rose to 50.8 in May, the National Bureau of
Statistics and China Federation of Logistics and Purchasing said yesterday in Beijing,
compared with the 50.7 median estimate of analysts surveyed by Bloomberg News.
April’s reading was 50.4, with numbers above 50 indicating expansion. (Bloomberg)

@marcus....u will sure huat when oil production in Australia & Oman begins next year.

Rex presentation on Oman - Please refer to pg 11-13 & you will know the value of Hibiscus.
http://rex.listedcompany.com/newsroom/20140519_073110_5WH_T1LS3MV8K9YCFT8P.2.pdf

US consumer confidence advances to second-highest since 2008
Confidence among US consumers rose in May to the second-highest level since 2008
as Americans grew more upbeat about the economy and labor market. The
Conference Board’s index climbed to 83 from 81.7 a month earlier that was weaker
than initially estimated, the New York-based private research group said today. The
reading matched the median forecast in a Bloomberg survey of 62 economists.
(Bloomberg)

Datasonic proposes to build medical database
Datasonic Group has plans in the pipeline to sustain its double-digit profit growth,
and they include implementing a centralized system to collate the medical records of
Malaysians to be stored in their identity cards, plus an integrated information system
for all public hospitals to share patient data. Speaking after the group’s AGM,
chairman General Tan Sri Dr Mohamed Hashim Mohd Ali said the group has proposed
to the government to install electronic medical records (EMR) into MyKads. To ensure
that public hospitals can make use of the EMR, they have also proposed to install a
hospital information system in the institutions. (Financial Daily)

No bubble in property market, says AmInvest
http://www.thesundaily.my/news/1054680

Vincent Tan disposes of 14% in BAuto
Tan Sri Vincent Tan Chee Yioun sold a total of 115m shares or 14% of Berjaya Auto
(BAuto) shares on Tuesday. The identity of the buyer was not disclosed at press time.
In a filing with Bursa Malaysia, BAuto said Tan’s Berjaya Group had disposed of the
block via a direct business transaction. While it did not list the price for the shares,
Bloomberg data showed multiple smaller blocks changed hands at RM2 per share or
RM226.15m in total on Tuesday. This left Berjaya Group with 427.88m BAuto shares,
or a 53% stake. (Financial Daily)

Bro tj....today huat huat & tomorrow lagi huat.....may very good month.

Bro, pinjam your ruler check jaycorp can jump or not?

Liquidity favours equities market, says RHB Research
http://www.thesundaily.my/news/1051962

Pantech’s growth cast in steel
http://www.thesundaily.my/news/1050562

sephiroth....v good inputs.

profitman....I observed that TCB has allocated replies based on alphabetical order to specific tcb members . Some of the members are using new nicks. Can you introduced all your members so that we can also acknowledge them?

Have been following this new TA thread & very good the reply from TCB esp profitman & matrixcool :)

Sunsuria likely to challenge immediate overhead resistance
http://www.nst.com.my/business/marketwatch/sunsuria-likely-to-challenge-immediate-overhead-resistance-1.600551