Posted by DreamPredator > 2019-03-08 05:29 | Report Abuse

Sutah start turning around gah

Posted by limkokthye > 2019-03-08 08:30 | Report Abuse

revenue 0 again

Posted by limkokthye > 2019-03-08 08:32 | Report Abuse

company loss because pay salary to big management , no sales still can pay , cb company , tutup lah

Posted by Sanatan > 2019-03-08 10:46 | Report Abuse

Without revenue how do they sustain for 2 qtrs. already ?

Posted by zenbeginner > 2019-03-08 11:28 | Report Abuse

Is this the reason TSHS sold his shares? To fund the salary for staff and working towards turning it around? Hahaha....that will be nice

Posted by zenbeginner > 2019-03-08 14:37 | Report Abuse

wow....very active forum today....so many comments suddenly....it's like having a party.....a farewell party? haha.....

Posted by besos > 2019-03-08 15:46 | Report Abuse

Borrow more money from banks? Once cannot borrow need RI?

Posted by Sanatan > Mar 8, 2019 10:46 AM | Report Abuse
Without revenue how do they sustain for 2 qtrs. already ?

Posted by zenbeginner > 2019-03-08 17:39 | Report Abuse

Leoleo Wah petronas buying sumatec...

https://www.theedgemarkets.com/article/petronas-ramp-fy19-capex-above-...
08/03/2019 17:34


which part say buy sumatec ah?

Posted by Tiong Kung King Zien > 2019-03-09 00:15 | Report Abuse

Sumatec hidup

Posted by DreamConqueror > 2019-03-09 16:02 |

Post removed.Why?

Posted by DreamConqueror > 2019-03-09 16:03 |

Post removed.Why?

Posted by kakisaham > 2019-03-10 08:57 | Report Abuse

Aik..hidup lagi ke ini stock
...aku ingat dah arwah dah

Posted by zenbeginner > 2019-03-11 11:31 | Report Abuse

countdown to PN17 regularisation plan - 1 month to April!!

Posted by pussycats > 2019-03-11 18:30 | Report Abuse

炒猴子

话说有一个商人来到一个小村，村子周围的山上住满了许多猴子。

商人就和村子的农民说，我要大量的猴子，100元一只。

村民不知是真是假，试着抓了只猴子，商人果然给了100元。于是全村的人都去抓猴子，因为这比耕种划算得多了。

很快的，商人买了两千多只猴子，山上猴子很少了。商人这时又出价200元一只买猴子，村民见猴价翻倍，便又纷纷去抓，商人又买了，但猴子已经很难抓到了。

商人又出价300元一只买猴子，猴子几乎抓不到了。

商人更出高价到500元一只，山上已没有猴子，三千多只猴子都在商人这里。

这天，商人有事回城里，他的助手到村里和农民们说，我把猴子300元一只卖你们，等商人回来，你们500元卖给商人，你们就发财了。村民疯了一般，把锅砸了卖铁，凑够钱，把三千多只猴子全买了回去。

助手带着钱走了，商人也没有回来。

村民等了很久，起初他们坚信商人必定会回来以500元买他们的猴子，后来终于有人吃不消了，因为猴子还要吃香蕉，还需要花费，于是纷纷把猴子放回了山上，最终山上又是到处猴子了。

这就是传说中的股市！

----------English version

Once a man appeared in a village and announced that he wanted to monkeys for $100 each. The villagers, realizing that there was no dearth of monkeys in the nearby forest, went out and started catching them. The man bought thousands of monkeys at $100. As supply started to fall down, the villagers stopped catching more monkeys.

Now the man further announced that he would now buy monkeys at $200 each. This renewed the efforts of the villagers and they started catching monkeys again. As the supply diminished even further, people once again stopped catching monkeys and started going back to their farms.

The man further increased the rate to $250. Soon the supply of monkeys became so little that it was quite an effort to even get a glimpse of a monkey, let alone catch it!

The man now announced that he would buy monkeys at $500. However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant said to the villagers: “Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $350 each and when the man returns from the city, you can sell them to him for $500.”

The villagers squeezed up with all their savings and bought all the monkeys. But they never ever saw the man or his assistant again in the village; only monkeys everywhere!

Happy reading!

Posted by zenbeginner > 2019-03-11 23:04 | Report Abuse

polycarp Once upon a time there was a peasant 
called Ah Bee who overheard ppl talking 
about a cheap and unwanted property 
which faces a cemetery and has its back 
next to the sea. Ah Bee took a chance 
and bot it. Today it has the most popular 
hotel and supermarket built on it.

11/03/2019 19:40


And how this story relates to sumatec?

Posted by derrickinvestor > 2019-03-11 23:33 | Report Abuse

Zenbeginner hahaha... grandmother story i guess

Posted by Ron90 > 2019-03-12 08:03 | Report Abuse

roblem with this company, 2 cooks still inside, Halim S and Abu Tallib.

This is what i I heard la..

- Halim wanted to sell his MELL for $1.5 B , while Talib wants to sell his Borneo En for $1.2 B as well to Sumatec shareholders !!..
sudahla hutang tak mahu bayar from MELL $178m, Borneo Eng ambil deposit $96m, to cover up that money, sell MELL and Borneo Energy to Sumatec..brilliant idea !.hehe

- on top of that CoG (Halim company) already take sUMATEC money more than $400m !!.. , talib pula take 98m for borneo

so, in total, Halim and Abu Talib already used money from Sumatec for the tune of $600m ..phew.

If you take out Halim and Abu Talib from Sumatec.. this company immediately in great shape, debt only $35m...its only a fraction from total debt to Directors companies. Sumatec will not go after MELL and Cog and Borneo , coz its like killing themselves la.

Posted by cashflow > 2019-03-12 09:26 | Report Abuse

TSH during media interview last year JUNE;

"I have been pumping my money into Sumatec and will continue to do so for as much as I can afford. I believe in the good prospects of this company," said Halim, who currently owns 13 per cent of Sumatec.

Pump my ###

Posted by azm8881 > 2019-03-12 10:40 | Report Abuse

With 10m+ one can takeover the company. Setaside for debt/liabilities, still there is much can be pursued from the 600m owned by sumatec!!

Posted by Ron90 > 2019-03-12 11:39 | Report Abuse

Going forward:

- No hostile takeover in sight coz white knight will have difficulties to deal with this 2 cooks, Halim and Abu Talib companies. some more MELL and Borneo got no money to pay the debt to Sumatec.

- Its already written on the wall, high probability Halim and Abu Taib will purposely de-list Sumatec from Bursa as soon as possible, thats the only way to avoid paying debt to sumatec and reporting to shareholders.

- that also to avoid getting wind-up notice from lender openly. This one Halim and Abu Talib will avoid at any cost. Can be seen from their action lately, purposely not collaborate with all auditors, hiding revenue (2 QR !!), hid everything from bursa.

- so..by now, Halem already sold mayb all his shares in sumatec, Abu Talb has none, coz olreday got $98M..huhu.

..buy or sell at your own discretion.

Posted by Ron90 > 2019-03-12 11:42 | Report Abuse

but....they might be a big surprise as well

Posted by zenbeginner > 2019-03-12 12:47 | Report Abuse

aiyo....like not explaining anything at all..haha....so, Ron90....any conclusion we will know lah in April. definitely have to expect the worst....unless these guys are so kind to shareholders.....

Posted by azm8881 > 2019-03-12 16:46 | Report Abuse

De-listed is worse coz still nd to settle debts. Better exit PN17, still can strive for 4B+ as said before.

Posted by polycarp > 2019-03-12 19:10 | Report Abuse

WINDING UP PETITIONS AGAINST SUMATEC RESOURCES BERHAD ("THE COMPANY" OR "SUMATEC") BY MALAYSIAN TRUSTEES BERHAD, KERISMA BERHAD, CAPONE BERHAD AND PRIMA UNO BERHAD
Reference is made to the Company's announcements dated 9 January 2017, 13 January 2017, 3 March 2017, 6 March 2017, 17 March 2017, 28 April 2017, 2 October 2017, 3 October 2017, 17 October 2017, 10 November 2017, 22 November 2017, 4 December 2017, 21 December 2017, 22 December 2017, 5 January 2018, 19 January 2018, 29 January 2018, 30 January 2018, 28 February 2018, 17 April 2018, 17 May 2018, 8 June 2018, 30 August 2018, 26 November 2018, 14 December 2018 28 January 2019 and 22 February 2019 in respect of the aforesaid matter.



The Company wishes to announce that it had on 8.3.2019 informed the Court that it will apply to discharge the appointment of the Official Receiver as the Interim Liquidator. This application is on the footing, amongst others, that the underlying judgment upon which the appointment was made has been stayed by the Court of Appeal on 21.2.2019.



This announcement is dated 11 March 2019.

Posted by azm8881 > 2019-03-12 19:19 | Report Abuse

My view - Winding up is the worse nightmare..all reputations gone..tshs would hv to retire from business entirely.

Posted by zenbeginner > 2019-03-12 20:18 | Report Abuse

Polycarp, what does that mean in layman term? Gua no legal understanding

Posted by Ron90 > 2019-03-12 20:50 | Report Abuse

Interim liquidator !!..hancuss..

Posted by Ron90 > 2019-03-12 20:52 | Report Abuse

sumatec hutang kiri-kanan to his own directors companies....nothing to do with someone else !! as long Halim and Talib still there..nothing much can be done

Posted by Crash123456buil > 2019-03-12 23:54 | Report Abuse

Sumtec will back rm5 , 1993

Posted by Crash123456buil > 2019-03-12 23:55 | Report Abuse

Highest 5Sumatec 1982 . Rm 35

Posted by Sanatan > 2019-03-13 08:55 | Report Abuse

Having identified the issues, the directors should take action to do a clean up.

Posted by Sanatan > 2019-03-13 09:17 | Report Abuse

Price so low, any interested party can buy over and turnaround the Company.

Posted by Sanatan > 2019-03-13 09:20 | Report Abuse

Buy volume going up fast...

Posted by KP8888KP > 2019-03-13 13:51 | Report Abuse

Interium Liquidator!! Die lor, the company is closing progress......bankrupt haiyaaa

Posted by zenbeginner > 2019-03-13 14:22 | Report Abuse

thought they are discharging the interim liquidator

Posted by polycarp > 2019-03-13 15:14 | Report Abuse

After discharge debts will be nil.

Posted by zenbeginner > 2019-03-13 15:15 | Report Abuse

why the sudden interest now ~4m shares...not a lot but seems some people are buying

Posted by Leoleo > 2019-03-13 15:27 | Report Abuse

walao who go after my gf ah...? kikikiki

Posted by ATARAH > 2019-03-13 16:11 | Report Abuse

Hello team what news sudden volume increase

Posted by ATARAH > 2019-03-13 16:13 | Report Abuse

Just bought mother shares join in

Posted by cashflow > 2019-03-13 22:45 | Report Abuse

Brent price soaring higher. Sentiment is good, but Suma still gloomy

Posted by moneypedia > 2019-03-13 22:49 | Report Abuse

sini bangkrup lah sula layin maciam sula yadi yini yembang

Posted by cashflow > 2019-03-13 23:21 | Report Abuse

TSH spooked Suma investors, and let the Company with its dying wish. It would have turned very good if not for the crooked director.

Posted by derrickinvestor > 2019-03-15 17:23 |

Post removed.Why?

Posted by zenbeginner > 2019-03-15 18:46 | Report Abuse

Leoleo....wah...one time say mokhzani buys, now say petronas buys...who is next?

Posted by cashflow > 2019-03-15 21:21 | Report Abuse

Rosmah no money to buy?

Posted by Darth_ > 2019-03-15 21:33 | Report Abuse

Here people miss Najib and Rosmah?

Posted by Darth_ > 2019-03-15 21:34 | Report Abuse

Where got news? All tipu 1. i3 members only buy wakaka.

Posted by Darth_ > 2019-03-15 21:35 | Report Abuse

If close shop pls come out your own money to support HS salary.

Posted by DreamPredator > 2019-03-16 02:26 | Report Abuse

yah gah