22-Jan-2024 Insider MORGAN STANLEY (a substantial shareholder) acquired 1,074,700 shares on 18-Jan-2024. 22-Jan-2024 Insider MITSUBISHI UFJ FINANCIAL GROUP, INC (a substantial shareholder) acquired 1,074,700 shares on 18-Jan-2024. 22-Jan-2024 Insider MR TOBIAS HJALMAR MANGELMANN (a company director) acquired 500,000 shares at 0.500 on 19-Jan-2024.
JSB LU next few days. Past week operator flush down flsuh out all retail. insider, all big boss and directors buying up at stupid prices. Back to RM1.3 by feb!
My OPINION: (MAY BE WRONG) Fundamental investors should take profit around 0.8 as recovery towards original value might take require large amount of investor confidence. Which in my opinion, requires a month or two until this situation subsides.
Metaverse, who wrote that? SESB own by TNB (i think 75-85 %) and smaller shareholder is Sabah State Govt. At the moment electricity in Sabah subsidised by State and SESB. True, they have to purchased at higher rate from some producers. That why they are looking at cheaper and green energy. They started this initiative long time ago, but only JSB managed to delivery it.
This is the best business to be in. I would say, zero risk. Sabah already hunger for electricity. If you been to Sabah, you would know they are not enough power. JSB has long term contract (21 years or more) with fixed rate and formula to pay their operation, financing cost(sukuk, depreciation etc) and make lucrative profit ( pls study Mega First Corporation Berhad). Investor, invest on JSB not SESB. States government want to take SESB from TNB in the future. So writer completely wrong on second part of write up. If not viable, sukuk issuer which has more rigid conditions won't release the funds.
And currently those assets already churning steady income for past few months. Their account will be consolidate with JSB once the acquisition is complete, which I expect by 1st quarter 2024.
Purchased JSB by foreign fund namely Morgan Stanley : from my understanding that someone may have use collateral account facilitated by Morgan Stanley in financing the purchasing of shares. The Bursa announcement stated Morgan Stanley may exercise its right to rehypothecate or dispose....
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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....
mf
29,190 posts
Posted by mf > 2024-01-23 09:15 | Report Abuse
target 88sen