lol.

QE is trap. easy to get in, difficult to get out.

It will take some time for the "facts" to emerge. Both sides will file allegations, replies (usually denials) and counter allegations. This will go on for at least a few months. The court then determines what is the "truth", and that will take a couple of years at least. And there will be appeals and cross appeals and that will take another couple more years. We will lucky to know the final truth in five years. One thing for sure, there will many other suits connected with this matter. There will certainly be moves to kick TPY &... out of the board and this may trigger a boardroom battle for control of the company and this may prove to be good for the small investors.
One person has yet to emerge as defendant for failure in his fiduciary and other duties to the company. He is non other than Chong, for being the MD, he owes more duties and any other persons to safeguard the interest of the company and on the surface of it he has failed to do so. All the 3 protagonists involved in this saga should leave the Board until the final outcome is established. Expect dramas but be patient.

These QEs, looks to me that the usa is trying to build pyramids, up side down.

i have been buying this for years, usually the sept edition which comes out in november. a must have reference book for anyone who INVESTS in klse. it has benefited me a lot.

interest cost is major expenditure for reits with substantial borrowings but no one has come up with a plan to pare down debts. this issue is becoming increasingly important in view of the expected increase in borrowing costs. distribution reinvestment scheme may be a way out but this may not be an option for those reits that are trading below their par value.

MNRB could have some exposure to the windstorm losses in Japan and elsewhere.

I believe the MAS shares had already been marked to market and the difference picked up as impairment in the P&L @ last financial year end. If there is any further impairment, it should be small.

Will the situation in Hong Kong negatively impact the financial markets in SEA?

from nasi lemark to oil and now gold, what's next?

Bonus unlikely. Share split may be, since it is a RM1/= share.

in civil suits of this nature, getting judgement is one thing, getting the compensation awarded is quite another.

kk123: that's right. Thats why Chong has to explain and may be sued for failure to safeguard Protasco's interest.

Protasco is suing TPY and Ooi. They should also consider suing MD Chong, who executed the deal. I think Chong has far more to answer than anybody else.

Most forummers on this thread thought the worse case scenario was the default in the repayment of the money. Now it is far worse than that. Also, how come that TPY and OKA were on the board of PTASU was not known to the Protasco, unless its MD, Chong Kah Kiat was sleeping, or something worse than that.

investing in stocks n shares is not a zero sum game. but having loose or no rules to stop companies not in compliance with accounting and other standards to list their shares in klse leading to losses to local investers is quite another problem. most of the chinese cos listed here are suspects in this regard. thats why the good red chips are not here.

with due respect to klse, it can only handle the tiny ones. among those listed here include some with dubious accounting practice and would not have been accepted for listing in any other stock exchanges.

so kyy did a pump & dump on jt and in the process took a lot of people to hor lan.

but it should be noted that there is a witholding tax to be paid on the distribution received from earnings of a reit. In most cases it is 10%.

The O&G deal lapsed on 28 July 2014. Announcement made on 4 August 2014. Deposit of RM50 million supposed to be repaid 14 days after deal lapsed, ie 11 August 2014 and is now 28 days overdue. So far no announcement. What the hell is going on?

The O&G deal has been called off but NOT resolved yet. It is only considered resolved when the RM50 million is fully recovered. Certainly hope that there will be no issue here, but do not bet on it.

there is more than one.

When the new SD was created a few years, there were indications that the non plantation businesses would be divested or listed separately. This process has off and on been talked about but nothing concrete has happened. SD has too many businesses and it does not appear that it is capable to manage them adequately, and what happened to the oil & gas business is an example. There is a lot of value hidden in the non plantation businesses and the earlier SD is re-organised the better it is for all the stakeholders.

Very true. So much so that the integrity of the postings in this forum is now questionable.

anbz, please state the source of the info on shale gas.

Protasco cannot be compared with coastal. Coastal sticks to its core business and do very well in it whereas Protasco is like a loose cannon, trying to get involved in several businesses, including O&G which is a highly speculative and riddled with corruption.

This co is one big fat zero.

The issue of ICUL and warrant is long overdue. They should work much faster.

mas should buy over cathay pac and/or sia to solve its problems, bcos these 2 airlines how to do the airline business.

Could there be some force selling, since volume quite heavy.

At last there is someone telling us something many are suspicious but
have no proof of : that some of the research reports are so biased that they are worst than rubbish. These biased reports are in fact poisonous. This does not happen just in India where the writer resides but throughout the world where there is an active stock market. In malaysia, investor must study all research reports, weigh its comments and recommendations before putting any money in any counter. It's a sad state of affairs but it is real.

The deal to buy into OG company is so one sided that it is unbelievable. If the money paid cannot be recovered within the stipulated time frame, the whole board of directors should be made to pay.

Kukuman, please do that !

SC should look into this case.

learn to be wise, its more important in life than being smart.

The management is disgracefully incompetent.

Be extra careful when directors trade in their own shares. I also wonder if these directors should continue to serve in the company.

I think most reits will report poor results from now on, reflecting the oversupply situation in commercial buildings and increase in interest rate.

full of wisdom.

If TF were to run MAS, he would turn it into a budget airline, where service is unmentionable.

so Sabah is not just the land of political frogs, there are also a lot of corporate cowboys having a shoot out in the klsc.

sd is one big disappointment.

its easy to be no.1 in size by just buying up, using tax payers' money. but they dont aim to be the best, because they do not know how.

I do not disagree with your comments. my earlier post is meant to caution those who may be carried away by the many rosy comments too frequently appearing in this and other forums.

arv18: agree with your point 1). but with regard to 2) one has to be careful to interpret what some bloggers' posts, as they are either rubbish or calculated to deceive.

Although very slow, but it is still a steady company.

Good governance is now an issue.

This company could have done much better given its earlier mover position in this type of business. I think it should bring in more able people into the management even if they do not carry the surname Ang.

sosfinance: Pro has twice as many shares outstanding as Pin. Pro has a more generous dividend payout policy and this together with a couple of speculative ventures are underpinning its current share price. The recent investment in a too good to be true oil & gas project and going big in the property at this time may not produce the profits as expected. I am of the view that Pin is much more solid company at their current prices and based on its historical performance is a better one to invest in.

This co is one big fat ZERO.