3 people like this.

22 comment(s). Last comment by RVI123 2022-02-16 18:45

Albukhary

2,769 posts

Posted by Albukhary > 2022-01-09 20:10 | Report Abuse

Interesting stories, hope you can share more, especially on the deal between MBL and Symphony Life, and the Langkawi Open Road International Circuit project.

FutureGains

10,307 posts

Posted by FutureGains > 2022-01-09 20:27 | Report Abuse

M

soojinhou

869 posts

Posted by soojinhou > 2022-01-09 20:54 | Report Abuse

Thanks for the info mate. Doesn't reflect well on management.

gohkimhock

2,965 posts

Posted by gohkimhock > 2022-01-09 21:02 | Report Abuse

taking shareholders for granted..

saltedfish

3,282 posts

Posted by saltedfish > 2022-01-09 21:21 | Report Abuse

Wtf thought this is a low key company but is not! Sell 2morow

saltedfish

3,282 posts

Posted by saltedfish > 2022-01-09 21:23 | Report Abuse

Better sell SYMLIFE also, same gang

calvintaneng

53,443 posts

Posted by calvintaneng > 2022-01-13 09:40 | Report Abuse

Left hand drive Ferari?

Could be an aborted sale to China market as China's cars are left hand drive unlike in Malaysia which is Right Hand Drive

Since it is unwanted it might be quite cheap

But buying in Malaysia context makes no sense as Ferari is a fast car and Lhd is a handicap

Very questionable indeed

alenac

2,627 posts

Posted by alenac > 2022-01-13 16:51 | Report Abuse

Advisable to dump all shares of this company as it is not transparent and the directors treat this company as kepala bapak punya.

Posted by Jonathan Keung > 2022-01-13 16:58 | Report Abuse

Definitely asked why a public listed company paid $8 million sports car car for it's director. Mind you a car not a property or a business venture

Foker

1,406 posts

Posted by Foker > 2022-01-13 17:08 | Report Abuse

Whew, car guy huh

Posted by AlsvinChangan > 2022-01-13 17:17 | Report Abuse

The Executive Chairman does not qualify a car of such value.

Datuk Rajendran A/L P Narayanasamy, Khairilanuar Bin Tun Abdul Rahman and Tan Soo Mooi
to paid a fine of RM300K each.

IF 250K executive director fees needs shareholders approval at AGM every year

DID shareholders approve a 8M car for its chairman

VenFx

14,784 posts

Posted by VenFx > 2022-01-13 20:10 | Report Abuse

Shit !
I was so bought to mbl's BioStar story
It seem now its more like a fairytale story make up by mbl to cheat some funds.

VenFx

14,784 posts

Posted by VenFx > 2022-01-13 20:11 | Report Abuse

Zero integrity mbl

VenFx

14,784 posts

Posted by VenFx > 2022-01-13 20:13 | Report Abuse

BioStar story lost in hot air
La ferrari is mbl s objective, i see now.

VenFx

14,784 posts

Posted by VenFx > 2022-01-13 20:24 | Report Abuse

if cant create value for their shareholder
shud not list in bursa share market.

only know how to take advantage from its shareholder, pui !

Posted by KingKong_Doll > 2022-01-14 14:00 | Report Abuse

Whoever is this whistle blower, we need to protect him and we need more ppl like him. Where is the MSWG? If the auditor or independent director are so blinded, shouldn't MSWG step in now before it becomes too late like Serbk?

Plantermen

2,114 posts

Posted by Plantermen > 2022-01-14 14:05 | Report Abuse

This is something the minorities and independent shareholders need to digest. 8 MILLION! for a car

Posted by KingKong_Doll > 2022-01-14 14:23 | Report Abuse

Mayb because palm oil price is so good, they made a super profit of $800M (nett). Then can pampered themselves abit and pat at their back and says good job.

But the last 1 check, last 4Q profit is RM 8.7M = Ferari. So they practically spent the whole year profit in xchange of 1 ferari. This one I have to say....WTF is wrg with your brain.

Stock Kingdom

1,005 posts

Posted by Stock Kingdom > 2022-01-14 16:55 | Report Abuse

Thanks Author, for your efforts of disposing the unwanted facts.

May God bless you & family with good health & protection

eesquare

105 posts

Posted by eesquare > 2022-01-24 14:18 | Report Abuse

lol, this is nuts.

RVI123

660 posts

Posted by RVI123 > 2022-02-16 18:38 | Report Abuse

MBL's net profit for FY2021 was RM8.68mil. The chairman and CEO are using the net profit to buy a toy for themselves. This is ridiculous and unethical.

RVI123

660 posts

Posted by RVI123 > 2022-02-16 18:45 | Report Abuse

I thought that MBL is a low profile, humble and practical company. It is a small company in Bursa Malaysia. It turns out to be a unrealistic company that spends whole year net profit on a toy for CEO.

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