5 people like this.

61 comment(s). Last comment by SEE_Research 2023-01-15 07:19

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:34 | Report Abuse

sslee wants to be activist.......................then sslee should take up this case.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:35 | Report Abuse

sslee wants to be activist...then can also do investigative reporting like this piece.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:36 | Report Abuse

sslee, forget HY...........nothing in HY................. u lose money in hy is your own mistake, nothing to do with the company.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:42 | Report Abuse

this are a lot of stuffs in this article.

in Malaysia, a lot of companies are listed and share prices are supported by left hand right hand profits from epcc work on their own projects/ fixed assets ...................... who to blame? surely the authorities is part of the problem.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:45 | Report Abuse

the authorities have not been doing their job, the minority shareholders watch dog ngo have not been doing their job, the media have not bee doing their job. Its a gray area and nobody wants to touch it

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:50 | Report Abuse

all these epcc profits on own assets is fertile ground for share price manipulation.

causing a lot of problems to minority share holders and members of the public ....so when will the authorities look into it?

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:52 | Report Abuse

this practise started way back many years ago with the North South Highway project. ...and Plus wanted/ needed to show profits from the word go.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:54 | Report Abuse

the analysts, the reporters, the main stream media are part of the problem because nobody wants to spoil the dinner.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 10:56 | Report Abuse

and this problem is not just with cypark................................................its widely practised in malaysia

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:01 | Report Abuse

personally, I don't see a solution.............the authorities , the issuing house, the KlSE, the SC , the auditors are all invested into the scam already .

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:13 | Report Abuse

if the unity government is serious about protecting investors, protecting minority share holders, protecting the small people.......................................... then the authorities need to offer better guidelines to this practise ...and this is a wide spread practise in Malaysia not just limited to cypark.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:23 | Report Abuse

when there are loopholes in the guidelines/ laws, people will exploit it, and what better way to generate profits than left hand right hand profits ? there is no willing buyer willing sellers basis .......the buyer and seller is the same party and just want to show big profits from the word Go. ................................................ it is fertile ground for cheating, for frauds, for profits manipulation and share market manipulations.

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 11:27 | Report Abuse

SEE Research recommended kgb wb to Eagle Group

Yesterday one Eagle Group cutloss kgb wb and suffered a loss of 50%

Fortunately his good dividends from bplant, hs plant, Tsh, Taann, Fgv, jtiasa cushioned his losses from following SEE Research buy the rubbish overvalued kgb wb

SEE Research was banned by Eagle group admin Ms Wendy for misbehavior

Last week 2 directors of Revenue were banned for wrong doings

They brought 4 thugs and barged in to steal 30 boxes of documents by criminal force

This SEE Research acts like cyber thug bull doze his way everywhere and cry father cry mother after being banned for wrong doings

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 11:27 | Report Abuse

SEE Research recommended kgb wb to Eagle Group

Yesterday one Eagle Group cutloss kgb wb and suffered a loss of 50%

Fortunately his good dividends from bplant, hs plant, Tsh, Taann, Fgv, jtiasa cushioned his losses from following SEE Research buy the rubbish overvalued kgb wb

SEE Research was banned by Eagle group admin Ms Wendy for misbehavior

Last week 2 directors of Revenue were banned for wrong doings

They brought 4 thugs and barged in to steal 30 boxes of documents by criminal force

This SEE Research acts like cyber thug bull doze his way everywhere and cry father cry mother after being banned for wrong doings

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 11:27 | Report Abuse

SEE Research recommended kgb wb to Eagle Group

Yesterday one Eagle Group cutloss kgb wb and suffered a loss of 50%

Fortunately his good dividends from bplant, hs plant, Tsh, Taann, Fgv, jtiasa cushioned his losses from following SEE Research buy the rubbish overvalued kgb wb

SEE Research was banned by Eagle group admin Ms Wendy for misbehavior

Last week 2 directors of Revenue were banned for wrong doings

They brought 4 thugs and barged in to steal 30 boxes of documents by criminal force

This SEE Research acts like cyber thug bull doze his way everywhere and cry father cry mother after being banned for wrong doings

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:36 | Report Abuse

whether it is building a house, a road or an IPP, the proper way to prepare the accounts is to show profits only when there is real third party transactions in rental income , sales, tolls, electricity tariffs.......................... but in stock market in malaysia, profits can be generated from the word Go and while the asset is still being build. .............. and this is the guidelines/ laws of Malaysia now.

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 11:37 |

Post removed.Why?

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:39 | Report Abuse

with such guidelines/ laws, u think people don't exploit it meh?

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:40 | Report Abuse

calvin tan................I am a trader.................good ,bad ugly also I can trade............................I trade to make money not for any other purpose.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:44 | Report Abuse

as for cypark................I got cypark at 53 sen, sold yesterday at 65..............I am a trader, what to expect?

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:51 | Report Abuse

calvin..................................................this i3 is a very funny place.........everyone here is a trader.................why look down on traders? u think your plantations did well meh? u think buy and hold plantations in 2022 did well meh?

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 11:55 | Report Abuse

my basis of buying cypark is very simple. jakel is a very big name in Malaysia.

my basis of selling is equally simple.................. I expect there will be a draw back

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 12:07 | Report Abuse

At least palm oil did not crash by 90% like your Sendai or 95% crash for Pang72 Gpacket or 99% crash like Speakup Mmag

or even by more than 60% crash of Kgb wb by SEE Research

most palm oil co are ok and giving out best ever dividends since listing

bplant gave 24% dividend
innoplant 15%
hs plant 11%
Taann 10.9%
Tsh Resources 10.9%
Fgv 9.1%
Jtiasa 5.6%

Like this

in year 2019 Cpo was Rm2200 and cost of Cpo production Rm1400

profit only Rm800 per ton

now Cpo reached Rm4000
cost up at Rm2000

profit has increased from Rm800 to Rm2000

or free cash flow (Fcf) of surplus Rm1200

all palm oil companies are OVERFLOWING IN FCF

SO DIVIDEND YIELDS GONE UP VERY HIGH

DickyMe

14,318 posts

Posted by DickyMe > 2023-01-07 12:16 | Report Abuse

"brightsmart

my basis of buying cypark is very simple. jakel is a very big name in Malaysia."
=============================

ROFLMAO!!
Really? JAKEL just got burned down in Shah Alam.
Definitely, "got prawn behind a stone" :-D

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 12:20 | Report Abuse

Went to take a brief look at Cypark balance sheet

it shows a huge debt of Rm1.4 billions and cash only Rm180 mil

profit is dismal and no wonder Cypark did not pay any dividend for last 3 years

new entrant could just joined to do a fast goreng as textile business now bad due to recession in spending on consumer discretionary

better don't chase

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 12:38 | Report Abuse

Dicky...u not good enough to profit from cypark means u are not a good trader or u don't know how big is jakel in Malaysia

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 12:43 | Report Abuse

Calvin.... didn't cut loss on your plantations means u are a lousy trader/investor......that is all that is needed to know

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 12:46 | Report Abuse

Hahaha

I bought Bplant at 57 sen ahd it gave 16% dividend for last 2 years plus price has gone up to 65 sen

No need to sell like your sendai at Rm1.60 gave no dividend plus price also. Collapsed

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 12:52 | Report Abuse

Do you all take notice?

Palm oil co insiders are buying their own co shares with own hard earned monies

Umalacca boss buying
Taann CEO BUYing
Skwplsnt insider buying
Sop boss buying
Tsh chairman also buying and buying non stop

Epf been buying Klk, Simeplant, Ioi corp and others

Felda keep on buying Fgv

All these are good signs as Warren Buffett likes Co directors using own personal hard earned monies to buy own company shares

JP Morgan also included Tsh and Taann in its msci Malaysia

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 14:50 | Report Abuse

This piece which took many hours to write is about epcc profits and associated risks.....not about Calvin and not about plantations.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 14:52 | Report Abuse

Sslee...whoever wrote this is good work and love.....u want to be activist then do investigative research like this la.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 14:56 | Report Abuse

Activism does not mean go and get laymen to listen to CEO bull.shit / sweet talk about their companies.

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-07 15:00 | Report Abuse

AGM is design specifically for CEO to bull.shit / sweet talk about his company...want to attend AGM, better for laymen to attend AGM of good quality companies not AGM of doubtful quality companies.

Sneakpeek

2,199 posts

Posted by Sneakpeek > 2023-01-07 16:10 | Report Abuse

Very n8ce write up..

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 19:13 |

Post removed.Why?

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 19:22 |

Post removed.Why?

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 19:25 |

Post removed.Why?

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 19:27 | Report Abuse

CCC. By 31 October 2019 ,
barely another
42 days later __ on 31 October 2019
Scomies / 7045
first triggered the
PN 17 classification , after its shareholders ' equity on a consolidated basis fell below 50 % of its issued share capital as at June 30 , 2019


as issued by the report of
The Edge as per below for quick reference .



Scomi Energy’s PN17 status confirmed, Scomi Group gets letter of demand over RM42m loan
Syahirah Syed Jaafar
/
theedgemarkets.com

January 21, 2020 20:38 pm +08

KUALA LUMPUR (Jan 21):
Scomi Energy Services Bhd’s / 7045
Practice Note 17 (PN17) status is confirmed,

after its waiver application was rejected by Bursa Malaysia .


In a statement today, Bursa said
Scomi Energy / 7045
joins its parent company

Scomi Group Bhd on the list, and is the 24th company on the bourse to be listed as PN17.

Scomi Energy / 7045
first triggered the PN17 status on
Oct 31, 2019


first triggered the PN17 status on
Oct 31, 2019


SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 19:28 | Report Abuse

first triggered the PN17 status on
Oct 31, 2019


after its shareholders’ equity on a consolidated basis fell below 50% of its issued share capital as at
30 June 2019 .

??????????????????????????????????????????????????????????????????????????

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 19:29 | Report Abuse

DDD. In the context of the first outlay of
RM 115, 000.00 for 1, 000 lots will automatically shrink to current available lots from
5 lots share consolidation exercise in becoming 1 lot
as per explained below

Consolidation of every
5 existing ordinary shares in

Scomi Energy Services Bhd ("SESB") into 1 ordinary share ("Share Consolidation")

Ex-Date 27 Feb 2020

Entitlement date 28 Feb 2020

Entitlement time 5:00 PM

Financial Year End

Share transfer book & register of members will be to close from
(both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers
28 Feb 2020


$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 19:30 |

Post removed.Why?

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 19:46 | Report Abuse

SEE Research ?

This one banned by Eagle Group Admin Ms Wendy Low after 5'eagle group members complained about his misbehavior

Just like 2 Directors of Revenue were sacked and they came back with 4' thugs to force take 30 boxes of company documents in criminal trespassing

After being banned for wrong doings he howling and cry father cry mother and still want to bull doze his way

Fyi

Eagle group has 282 member strong now and out of harm from SEE Research

All sane people please stay safe

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 21:47 |

Post removed.Why?

calvintaneng

53,155 posts

Posted by calvintaneng > 2023-01-07 22:20 | Report Abuse

Talk is no use

Our friend Vijay in Eagle Group also led astray by SEE Research to buy KGB Wb at very high price

SEE Research promoted that KGB Wb will go above Rm2.00 but sly like a fox sold without telling others

Yesterday Vijay cutloss in KGB Wb by a huge loss of 50% all due to SEE Research recommenfation

This is the truth

All from Eagle group can view

And Eagle group now got 282 members

At first some Eagle Group members followed SEE Research

But the truth finally prevails and their eyes opened to see the vicdictive spirit of this man of horror - totally no self control

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-07 22:42 |

Post removed.Why?

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-08 11:39 | Report Abuse

People spend long time write article at least give praise and comment on article la

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-08 12:03 | Report Abuse

Sadly, if the auditor had stood up to it when the project delay and cost overrun became obvious years ago, this snowball wouldn’t get to this large and the eventual damage to the capital market could be more manageable

------


Auditor, especially those outside the big 4 not doing their job

brightsmart

3,784 posts

Posted by brightsmart > 2023-01-08 12:08 | Report Abuse

But it is not just auditor at fault....this practise is very common in Malaysia because the money and hence incentive to cheat is too large in an environment that is conducive to cheating

SEE_Research

4,566 posts

Posted by SEE_Research > 2023-01-15 07:19 |

Post removed.Why?

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