Just a word of caution. Share of profit associate company is accounting paper profit unless the associate company give dividend. So far has Eastern Steel Sdn Bhd give any dividend to shareholders?
Aikk, betui juga. Macam takde dividend leh. Earn money, all keep to pay management salary and overhead. From eastern steel point of view, no salah ah. Save for rainy days ma. Now earn kau kau so when steel cycle downturn, ada cash to slowly burn the furnace.
Sslee Just a word of caution. Share of profit associate company is accounting paper profit unless the associate company give dividend. So far has Eastern Steel Sdn Bhd give any dividend to shareholders? 25/10/2021 8:41 AM
Not long ago, OTB's ex Ms.Universe JAKS played the same story....
I have a full brain, hence I will invest in Hiaptek and AYS. I talk with facts and figures on both TA and FA.
I do not invest in Lionind because the PAT is still a loss in the last 2 quarter results. To me, Lionind is a speculative buy at best. I will look at Lionind once the PAT is positive and the EPS is strong. Thank you.
I have studied the history of Eastern Steel. TSLaw has strong control over it. In fact TSLaw founded & used Eastern Steel to gain control of Hiaptek from previous MD.
Eastern Steel has massive loss over the years, so dividend is not relevant. In fact I prefer they use retained earning to upgrade the factory and output.
TSLaw/Hiaptek controls the finance and have big influence over the Malaysian staff. Also TSLaw/Hiaptek has local knowledge and local relationship.
Operation wise Eastern Steel is controlled by Jianlong. I think the relationship between TSLaw/Hiaptek and Jianlong is very very good, and I never worry about Eastern Steel.
My measurement is still on the profit made in the bank account. No need to attack me unless you are better than me. You talk about trend and do not look into the fundamental. I have 28 years of experience as a remisier, I can conclude that you only make peanut profit.
You are a contra kaki, only deserve a peanut profit. Mark my words, you can challenge me in your heart.
Those who blame others will never win big in the stock market. Please be reminded 90% of contra kaki lose big in the stock market.
Posted by arv18 > Oct 25, 2021 1:32 PM | Report Abuse
Listen to your master - consider adopting a dog.
Stop barking about your bank account and giving bad stock recommendations.
____________________________ Posted by OTB > Oct 25, 2021 1:25 PM | Report Abuse
No point talking without any proof, show me the proof there is a pump and dump from me. I hold a remisier licence, you can report me to the authority.
arv18 @ You sold your share have made money, you are smart investor then enjoy your profit. If you are kind hearted ,recommend good stocks for us to buy, we will pay you consultation fees. Why BLA ! BLA! BLA here ?
Time will tell the true story whether OTB right or wrong !
What? What are you talking about? Steel counters still technically in uptrend. Of course if you bought Masteel - tough luck.
Save your pity for those stuck in Glove counters. ______________________________ mrbusiness @arv18, good for you to sell and take profit. But please pity those still holding steel counters, not need to talk bad although you sold already
mrbusiness @arv18, good for you to sell and take profit. But please{ pity } those still holding steel counters, not need to talk bad although you sold already 25/10/2021 2:03 PM
This is money GAME !!!!! Every investor responsible for his decision, don't need pity !!!
Word of advice for OTB. U did good research and homework. But I think your recommended stock will do a lot better without KYY in it. If possible, remove KYY as your client and trust me any share you promote will be much higher.
In many cases. like most of us, we are avoiding this stock because KYY is in it no matter how good the stock is. Market perception is more important than fundamentals now.
Gas Malaysia revises average selling price in Q4 ENERGY Monday, 11 Oct 20217:09 PM MYT
KUALA LUMPUR (Bernama) -- Gas Malaysia Bhd has announced the average natural gas selling price for the distribution segment by its wholly-owned subsidiary Gas Malaysia Energy and Services Sdn Bhd (GMES).
In a filing with Bursa Malaysia today, Gas Malaysia said for the fourth quarter (Q4), beginning Oct 1, 2021 to Dec 31, 2021, the average natural gas selling price is RM36.42 per million British Thermal Units (MMBtu).
The above-average selling price includes the Transportation Tariff of RM1.19 per MMBtu and Distribution Tariff of RM2.05 per MMBtu as previously approved by the Energy Commission, it said.
"The legacy Gas Cost Pass Through of RM0.62 per MMBtu will be discontinued for the gas delivered effective Oct 1, 2021,” it said, adding that this selling price determination is not applicable to sales of natural gas for natural gas vehicle and liquefied petroleum gas supplied in gas cylinder or in bulk.
"The selling price revision will continue to contribute positively towards the financial position of the company for the financial year ending Dec 31, 2021,” said Gas Malaysia.
In a separate filing, the natural gas distributor said the surcharge of 62 sen per MMBtu, as part of the distribution tariff for users of the Natural Gas Distribution System facility owned by its wholly-owned subsidiary Gas Malaysia Distribution Sdn Bhd (GMD), will be discontinued effectively from Oct 1, 2021.
"Therefore, GMD’s Distribution Tariff under the Incentive-Based Regulation framework for all types of utilisations is RM2.05 per MMBtu from Oct 1, 2021 until Dec 31, 2021.
"Gas Malaysia wishes to clarify that the tariff approval is not applicable to the sale of liquefied petroleum gas supplied in gas cylinder or in bulk,” it said.
..... FYI.
RM36.42 per million British Thermal Units (MMBtu) ~ 8.78USD/MMbtu
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
abang_misai
2,590 posts
Posted by abang_misai > 2021-10-24 20:33 | Report Abuse
Hari hari hiaptek.