Uncle sam certainly has confidence in his co, keeps buying back shares

mrcb got nothing to do with ecrl also...that one on or off so what? so long lrt 3 on, mrcb pun chun chun dy...better u guys chill n focus on coming q result ...

ofkos will have some drop on monday, but part of the wider market. fundamentally the HSR and LRT3 PDP should be safe as its infra project for the rakyat benefit, plus done on open tender, plus controlled by EPF. If anything i say its the ECRL project that's at risk, and MRCB not involved there oso. i suggest buy on weakness

EDL compensation confirm after GE. BN won't be stupid to be seen as if giving cash to crony company

you guys shouldn't confuse correlation with causation ler...its so obvious most counters down due to MACRO event, and not anything fundamentally wrong with the counter also. And this MACRO event is overshadowing any boost from the GE14 macro event in our own kampung

So yes, prices dropped as you predicted happy trader, but its not due to your foresight or skillful analysis or anything...don't kid yourself

http://www.focusmalaysia.my/Markets/sunway-wb-comes-with-step-down-pricing-mechanism

Some key quotes for sharing:

"A peculiar feature of SUNWAY-WB is that the exercise price would be adjusted downwards by 7 sen every year until expiration. The current exercise price is RM1.86."

"The warrant will thereafter be subject to a fixed annual step-down of 7 sen on each of the anniversary dates from the date of issuance. By the end of the seventh year, SUNWAY-WB’s exercise price would be RM1.44."

"According to the circular to shareholders for its bonus issue, one of the key strategic initiatives going forward is for the group to grow its healthcare business to become the top healthcare provider in the country."

investors attaching premium to WB bcos of its annual step-down feature. early bird investor who enter now will be laughing to the bank after 1-2 years when the exercise price drops further, while mother share climbs somemore especially on news in their healthcare business

yalo...calvin tan and his gold medal story...lololol

calvintaneng, you don't be so foolish yourself lah

You say insider buy esos 1.30, you think most regular ppl buy esos will hold long long one meh??

And since when mrcb buy up bukit jalil?? huge difference between renovating/refurb vs buying lohhh

and what on earth is the connection btwn recent sea game being success, and mrcb performance?? their contract to refurb the staidum not conditional on how many gold medals msia win oso

cewww!

smells like goreng to trap ppl

once a while must convert paper profit to actual profit la

take profit first, pmetal ripe for correction dy

doubt it...the uncertainty over the rights is a bigger problem than this kuci contracts

http://www.theedgemarkets.com/article/isa-wife-arrive-macc-putrajaya-give-statements

reached since 10am, hope kena goreng kawkaw inside

best to sell on news...later collect again

three plots of land on jalan putra...you guys know what else is on jalan putra?
pwtc and a certain political party hq!

huat ahhhh! buy buy buy!!!!
seem like confirm getting the pwtc redevelopment project

lol xuewanpeng...3 lot oso wana curse ah? cut loss only nia

agm next week, those not happy shud grab chance, go ask BOD questions...setahun sekali chance wakakakaka

many folks seems to be surprised today, never follow the earlier announcement maybe

if you already in b4 tis no worry...you will get bonus share. and bornoil prospect still good. just too much supply so will be tough to move from now imho

@RJ87, your question is answered here: http://www.thestar.com.my/business/business-news/2017/05/22/press-metal-likely-to-do-well-with-cost-saving-measures-higher-prices/

Earnings at Press Metal Bhd, one of the biggest aluminium producers in the region, is projected to reach a new high this year on cost saving measures and higher product prices, analysts said, even as the company’s smelters in Sarawak ~~are already running at full capacity~~.

This means that any future profit increase has to come from cost savings or efficiency improvements, not increasing production volume

i lock in profit first, but bornoil definitely stock to watch for future

ex 24, tmr last day to decide wana keep or wana throw

support at 1.6

up again, something must be brewing!

engine revving!

minor correction, up up up now

agree with you howah, quite pening to draw out all the permutations

yalo, all their commercial building sold at profit thus far...but bcos it only happens a few times per year, its marked as one-off gain

agree with micky92, a large part of their biz model is to develop commercial prop and then sell it once tenanted, so of course they need to sell lah. You make a product, you sell the product

qtr result out on monday lah, must be big fishes pressing down to accumulate on the cheap

i went to their agm and egm before, the mgmt always stresses that their biz model is to develop, fully tenant out, then sell buildings - that is their product lifecycle regardless they build residential or commercial...

so i dunno why some of you still like to complain that their profit each Q is from selling commercial buildings, thats their modus operandi mah! if they were to build, tenant out, and maintain forever, the quarterly margins even lower. But the asset list will look impressive on paper only, no cash profit coming in. No value for shareholder oso right?

guys, dont fool yourself...such insider links between IB, law firms, public listed companies, etc have existed in bursa all this while and will continue to exist. We ikan bilis ony...

Don't draw connections between unrelated matter la...QR result good/bad has nothing to do with announcement date. Trying to connect the two is like saying if you submit your tax filing on the last day, means you trying to cheat the govt, true or not?

To me it makes sense they wait till today, since already got EGM planned, all the board member and media already gathering in 1 place, might as well announce QR on the same day.

Separate events will incur separate cost which impacts bottomline (not much but still impact)...would you prefer they do that?

big umno project in the pocket
http://english.astroawani.com/malaysia-news/kl-pwtc-complex-will-become-new-kuala-lumpur-iconic-landmark-124200

shinningstar, he means that you are only paying rm1.18 for a company that owns:
-cash and cash equivalent RM 1.21
- an instant profit of RM 0.35
-Nagasutra villa, Bali F.O.C
-40% MAA General Insurance, Philippines F.O.C
-48% Columbus Capital, Australia, F.O.C
-Pusat Tuisyen Kasturi, F.O.C

Meaning that the money you paid is not even matching the amount of cash within MAA. So all other assets under them basically coming free of charge (FOC) la

lsy, PN17 simply means they don't have a core business at the moment. MAA clearly has the cash from the sale to give out as dividends, and even then they are not giving out all

So no, it is not possible that MAA can't pay the dividend or will go bankrupt after payout - they already allocate money for future acquisitions

good article icon!
ou're right about the management's secretive stance, would be so much better if they took the time to explain their figures rather than leave so much to our well-intention-ed speculation

thanks for the update balvin71!

i used to have faith in mbsb, been their investor since 2011 when news first started coming out about becoming a standalone bank. Yet 5 years later, there's yet another rights issue...never ending squeezing of loyal shareholders

My advice is to stay away from mbsb until all this nonsense finishes, only go back in once they're stable again (which they will be so long epf still support)

ktk88, you thinking too much la. if i was mgmt, i'd let sona die and get some private investor to buy over stag. why need to deal with so many retail investors for?

better don't keep false hope on the WA, the documentation is super clear on this: No QA, WA burnt

hoping that a Cfo smile will bring some miraculous offer is just bonkers

Its true, I've been to several EW galleries and launch events - even hot cakes probably doesnt move so fast! Not to mention their customer service is the best i've seen from any Msian property developer

There's a reason ppl are willing to pay the Tan Sri LKS premium
Lol!

Still no news on the re-voting procedures?

since a 2nd EGM will be done, does it mean that everyone gets to vote again? Are all the proxy votes (regardless YES or NO) from this 1st EGM considered null and void?

end of the day, management wants a YES, and they can change the rules until they get a YES

this is how business is done in this country!
wakakakakakaka

thanks for the updates guys, keep it coming!

faimma20, how do you know that confirmed 45% voting against?

its clear that any buyers are just betting for QA to go through, good luck to them

Aiya relax la...everyone has their own opinion and will vote as they wish, just make sure you vote and not sit on your backsides yea!

Desa, i agree with you when u say no precedent. But how do you get the 2 years figure? Need to be careful not to pluck from thin air

speakup, if you vote Yes and QA is on, its true that there is no more cash value cushion to hold up the price. However the company now has assets which they claim will raise the NTA to 0.38/share. It's true that falling oil prices might drop this down further, but it's also true that the immediate oil income can prop things up. This will then be just like any other O&G counter out there, being open to the same risks of the O&G market. I don't know enough financial modelling to do the math accurately la, sorry.

If you vote yes, and yet the QA fails, then the cash value cushion is still there for all those who supported the QA. No difference to how it is right now.


This actually feels like the Prisoners Dilemma (google it) - do you vote no and run with your meagre returns, causing the QA to fail and giving equally meagre returns to those that voted yes? Or do you all vote yes to achieve QA and both enjoy potentially greater returns together.

Your money, your choice indeed bro. But to me, my downside is limited while the upside potential is quite high

putting aside the news on EV rise (which I believe will happen globally but definitely super slow in msia), the clear indicator that oil price will stay low in the short & medium-term is the size of the current stockpiles.

I rmbr reading an article recently (can't locate the link back, maybe others can help) which said the current stockpiles are actually enough for a few years usage. Meaning even with total stop of production, the stock drawdown will take years.

If so, basic econ rule la, oversupply = low prices

So my opinion is export counters are fine in the medium term (low oil = weak RM = counters that earn in foreign currency will earn like crazy).

Otherwise you should go for industries that drink o&g like nobody's business:
-airlines - one flight from KL to London drinks more fuel than a regular joe car does in many many years
-power generation - only if gas fired
-plastic manufacturers

what do you guys think?