Posted by hng33 > 2024-09-06 22:18 | Report Abuse

MACC highlighted that the tender for 1BestariNet service was originally planned for 15 years involving a contract sum of RM4.07 billion, but was shortened to seven years and six months without any reduction in contract value.

And while the services provided did not achieve the objectives set, MACC said YTL Comms had made several claims against the Education Ministry that require a more thorough investigation to confirm.

MACC said the investigation has so far found that the government has to bear claims worth RM176 million from YTL Comms but the claim information has yet to be confirmed by the government, other than telecommunication substation rental losses for a period of five years from 2019 that is estimated at RM10.8 million......

What!!! YTL complete RM 4 billion contract in 7 year instead of plan 15 year, so efficient meh🤔? After so call completed ibestarnet project ahead of time, still want to claim rental loss from its telco towers..... What a greedy con😠😡

Posted by mf > 2024-09-06 22:21 | Report Abuse

Dow Jones

Dow Jones Industrial Average

40,731.00

-24.75

0.06%

Nasdaq

NASDAQ Composite

16,956.98

-170.67

0.99%

Posted by ChloeTai > 2024-09-06 22:27 | Report Abuse

YTLP and YTL will have a tough time going forward. Although the US job reports are fine but it will warrant the Federal Reserve to cut the interest rate by only 0.25% and not 0.50% which many are hopefull for. Nasday now (10:30.pm) is down by around 1%.

Posted by OTB > 2024-09-06 22:37 | Report Abuse

@ChloeTai,
You cannot invest well if you look at the US stock market for direction.
YTLPower may have some problem with MACC for the time being.
If there is no such MACC case now, I believe the share price of YTLPower will not drop to so low.
Investing in the stock market, sometime you need to take some calculated risk.

I do not simply talk without facts and figures.
I have done my homework before I post anything in I3.

I believe the Federal Reserve will reduce interest rate in September 2024.
Please note that I have done an analysis on KLSE performance after the Federal Reserve reduced interest rate in 2001 and 2007.

KLSE performed very well after the Federal Reserve reduced interest rate in 2001 and 2007.

The below events will make KLSE into a bull market.
1.) Malaysian Ringgit is strengthening against other major currency especially USD is a good news to Malaysian stock market.
2.) The Malaysian export increased by 12.3% in July 2024 compared against July 2023.
3.) The GDP growth for Q2 2024 is 5.9%.
4.) The foreign funds were net buyers accounted for RM 1.693 billion from 16/8/2024 to 22/8/2024.
5.) Goldman Sachs upgrades FBMKLCI ratings. Please read the link below.
https://guangming.com.my/%E5%BB%BA%E8%AD%B0%E6%B8%9B%E6%8C%81%E6%96%B0%E5%8A%A0%E5%9D%A1%E8%82%A1%E7%A5%A8-%E9%AB%98%E7%9B%9B%E4%B8%8A%E8%AA%BF%E9%A6%AC%E8%82%A1%E8%A9%95%E7%B4%9A?
6.) The JP Morgan upgraded Malaysia equity, this upgrading will attract more foreign investments from the US.
7.) Nomura broker highlights that foreign investors should leave China stock market to invest in Malaysia and Indonesia stock markets.
https://www.businesstimes.com.sg/companies-markets/banking-finance/nomura-cuts-chinese-stocks-fund-indonesia-malaysia-switch

All these news will attract foreign investors to invest in KLSE.
These news will make our KLSE into a bull market.

Good luck.
Thank you.

Posted by HumptyDumpty > 2024-09-06 22:40 | Report Abuse

https://www.thestar.com.my/news/nation/2024/09/06/macc-rm407bil-ytl-comms-probe-will-be-transparent-impartial
Certainly. Here's a concise summary of the key points:

Contract performance issues: The problems described (low coverage, technology deficiencies, unmet speed requirements) suggest poor execution rather than corruption.
Project management concerns: Shortening the contract without reducing costs could be mismanagement, not necessarily graft.
Financial discrepancies: Potential losses and unverified claims might be contract disputes rather than corruption.
Lack of direct evidence: No clear indications of bribery, embezzlement, or similar corrupt activities are mentioned.
MACC's broad mandate: Their investigation doesn't automatically imply corruption; it could focus on proper use of public funds and contract compliance.

In essence, the situation appears more like a poorly executed contract than a clear-cut case of graft or corruption based on the available information.

Posted by klee > 2024-09-06 22:42 | Report Abuse

OTB.The less of them who believe in ytlp at current price,the better for us to buy more at low.

Posted by hng33 > 2024-09-06 22:43 | Report Abuse

If YTL comm have such poor track record, Malaysia gov should halt YTL com recent award telco project worth RM 980m in Sabah immediately till MACC outcome.

Posted by klee > 2024-09-06 22:43 | Report Abuse

Agjl,usa economy slowed enuf to warrant a fed cut mid Sept,that's all that matters.

Posted by klee > 2024-09-06 22:45 | Report Abuse

As for the chap who want talk exchange rate,where were you when limpeh shorted nikkei from 39k to 31k over unwinding of yen carry trade.

Posted by klee > 2024-09-06 22:48 | Report Abuse

Huatrex,you may be right to wait at 3.2.Am preparing to buy second batch.

Posted by Agjl > 2024-09-06 22:49 | Report Abuse

OTB my fren, though i agreed with u that we shouldnt look at US market for direction but like it or not it will affect our market direction in the short to
Medium term…prices could go lower more…..but pls dun misunderstand i m here to argue with u, i m just merely stating my 2 sen worth of opinion. As we speak dow, s&p and nasdaq are spiraling down non stop now with nasdaq down by over 320pts. Next monday will be a weak one for us and Asia pacific market.

Lastly, thank u for your contributions this far as i have made my fortune here followed your path since last May and have sold much earlier end of July. Once again, thank u and wish u and the rest of comrades all the best!!! Good luck!

Posted by Agjl > 2024-09-06 22:50 | Report Abuse

OTB, typo “ i m NOT here to argue with u” cheers!

Posted by hng33 > 2024-09-06 22:54 | Report Abuse

MACC Investigation Division senior director Datuk Seri Hishamuddin Hashim confirmed that the case was being investigated under Section 18 of the MACC Act 2009.

Section 18 of the MACC Act 2009 deals with any person providing documents such as receipts or invoices that are false or contains fake details with the intention to deceive the principle's office

Posted by OTB > 2024-09-06 22:54 | Report Abuse

Jakarta index was below 400 points in 1997.
Today closed at 7729.
Over 27 years, it increased 1,832%.
FBMKLCI Index was below 600 points in 1997 (FBMKLCI index is higher than Jakarta index).
Today closed at 1,653.
Over 27 years, it increased 176%.
Very sad.

Posted by FAInvestor > 2024-09-06 22:55 | Report Abuse

Look like TM, CelcomDigi, Maxis will also be pulled into the MACC investigation too.

Posted by HumptyDumpty > 2024-09-06 23:03 | Report Abuse

it is due to new information from
-Governance, Procurement, and Finance Investigating Committee (JKSTUPKK): Their report was released in August.
-Public Accounts Committee (PAC): Their report also provided relevant findings.

PAC is old timer and they release report every year, which mean they are just being Pull in. So it's JKSTUPKK that initiated this under Prime Minister's Department. So a couple points:
1. MACC has no solid case but launching early investigation. No solide name given which officer involve (current or past). Sequence also wrong.. you stay quiet and investigate silently on graft case. Or you rock the boat and shout i want to catch you?
2. Still this is initiated from Prime Minister department meaning.. A want to start a case , or just want to throw some shadow on Muhidin. Again Graft case is very hard to prove unless clear money trail or whistleblower step forward.
Like the taiwan case where the ex taipei major Ko Wen-je, when the taiwan MACC say i am onto you , next immediately is DOJ and court case d.

Anyway lets not forget Ytlpower do business in Singapore which is one of the strictest country on graft. And also in UK.

Posted by OTB > 2024-09-06 23:03 | Report Abuse

Vincent8864 can be a bankrupt in the stock market.
Definitely, I am still a millionaire no matter how many times stock market crashed.
It is a fact here.
I have my plan in place, I will never feel poor again in my life.

I want to see Vincent8864 lost all his money in the stock market.

Posted by OTB > 2024-09-06 23:06 | Report Abuse

Posted by Agjl > 14 minutes ago | Report Abuse

OTB my fren, though i agreed with u that we shouldnt look at US market for direction but like it or not it will affect our market direction in the short to
Medium term…prices could go lower more…..but pls dun misunderstand i m here to argue with u, i m just merely stating my 2 sen worth of opinion. As we speak dow, s&p and nasdaq are spiraling down non stop now with nasdaq down by over 320pts. Next monday will be a weak one for us and Asia pacific market.

Lastly, thank u for your contributions this far as i have made my fortune here followed your path since last May and have sold much earlier end of July. Once again, thank u and wish u and the rest of comrades all the best!!! Good luck!
----------------------
Your appreciation will make me very proud.
Good to see you make money from YTLPower.
Good luck.
Thank you.

Posted by StarOfTheBull > 2024-09-06 23:16 | Report Abuse

Billion Dollar Whale 2.0

Poor management or element of frauds, either way.

Posted by Vincent8864 > 2024-09-06 23:16 | Report Abuse

Frog project 15 years period but ended up just 7 years. Claimed government RM 4.0 billion!

Use the shamless TA sifu's simple mathematics method to calculate the expected penalty:

(7 years / 15 years) * RM 4 billion = RM 1.867 billion only.

Aiyoh sap sap water for YTLP ma, less than half year profit only. Money can settle always not a problem at all. Good luck!!

Posted by OTB > 2024-09-06 23:20 | Report Abuse

Vincent8864 can be a bankrupt in the stock market.
Definitely, I am still a millionaire no matter how many times stock market crashed.
It is a fact here.
I have my plan in place, I will never feel poor again in my life.

I want to see Vincent8864 lost all his money in the stock market.
It is a curse for this shameless liar in this forum.
Real thick skin to tell lies after lies in this forum.
Be a gentleman, talk with facts and figures, but not lies after lies.

Posted by Mabel > 2024-09-06 23:23 | Report Abuse

#HumptyDumpty it is due to new information from
-Governance, Procurement, and Finance Investigating Committee (JKSTUPKK): Their report was released in August.
-Public Accounts Committee (PAC): Their report also provided relevant findings.

PAC is old timer and they release report every year, which mean they are just being Pull in. So it's JKSTUPKK that initiated this under Prime Minister's Department. So a couple points:
1. MACC has no solid case but launching early investigation. No solide name given which officer involve (current or past). Sequence also wrong.. you stay quiet and investigate silently on graft case. Or you rock the boat and shout i want to catch you?
2. Still this is initiated from Prime Minister department meaning.. A want to start a case , or just want to throw some shadow on Muhidin. Again Graft case is very hard to prove unless clear money trail or whistleblower step forward.
Like the taiwan case where the ex taipei major Ko Wen-je, when the taiwan MACC say i am onto you , next immediately is DOJ and court case d.

Anyway lets not forget Ytlpower do business in Singapore which is one of the strictest country on graft. And also in UK.
06/09/2024 11:03 PM

HumptyDumpty Mabel read with interest on your observation. Thanks for sharing..

https://www.straitstimes.com/business/companies-markets/singapore-tycoons-wealth-rises-10-with-eduardo-saverin-topping-forbes-rich-list-again?utm_campaign=ST_Newsletter_PM

While Malaysia is always looking back, Singapore continues to break new frontiers..

Forbes attributed the boost to the overall positive sentiment from the swearing-in of Prime Minister Lawrence Wong in May....

Meow

Posted by Vincent8864 > 2024-09-06 23:27 |

Post removed.Why?

Posted by BornToSpeculate > 2024-09-06 23:40 | Report Abuse

Funny assumptions you imply. Just coz UK and SG are stricter on graft, so they should be clean or maybe they are clean coz they have no edge in these countries. Does this also mean as long as you're not investigated by MACC that you're clean..

All our home grown companies use their 'edge' locally to amass their wealth to try and compete at an international level. Often most of them dont succeed coz they forget that the playing field there is more level and they actually have to be good in something to win

Posted by HumptyDumpty > 2024-09-06 23:56 | Report Abuse

Hey Mabel, so here is the ball game from this MACC statement it says hey i am just doing my job call by my boss department, yeah i follow what they provided, working on it. Hidden message if anything ask my boss lah. Now if it's anwar turn to say something but when (remember on 31 Aug parade there is a big hu-ha on the road cleaner stunt so this is his first stellar case?)
1) I am happy that MACC take initiative , and i hope to read their report soon ( yeah roll the ball back to MACC)
2) I order it , i feel sadden by malaysia croni kept stealing money and i promise to see the end and whoever does it pay ! ( Graft fighting hero image building) . Saw comments on youtube report many malays feel very strongly cronies should be punished. Political wise he might can gain marks from Malays , but this can be easily turned "look like your graft only target chinese companies"
3) The report carried by this department , and MACC take action on it , all is happen due events trigger. ( ok i wait how it goes , if can benefit me and sure case then jump in)

Anwar is not in Malaysia during this period. Good timing or plan timing. Let see what's his comments.

Posted by GlobalEquity > 2024-09-07 01:38 | Report Abuse

The power of words!

From:
MACC's "collected documents"
MACC'c "probe" to
MACC'c "investigation" now

How many millions already wiped out!

And the story is just getting started!

Tough days for the stock price ahead!

Posted by cheated > 2024-09-07 02:05 | Report Abuse

Why must OTB sold at RM 3.98? His TP not RM 6.3? Is it because of YTL P keep dropping so shifting his goal post?


OTB

I recommended YTLPower at 1.10, sell at 3.98 is already a very good profit.
I never run from I3, all readers in this forum did not complain except a few shameless liars here.
I do not even bother them because they are the barbarians in this forum.
I care if all readers complain to me, definitely not from all shameless liars here.

3 hours ago

Posted by cheated > 2024-09-07 07:21 | Report Abuse

So dragon328 is the 1 run from i3?

Posted by CIO888 > 2024-09-07 09:54 | Report Abuse

OTB
I recommended YTLPower at 1.10, sell at 3.98 is already a very good profit.
I never run from I3, all readers in this forum did not complain except a few shameless liars here.
I do not even bother them because they are the barbarians in this forum.
I care if all readers complain to me, definitely not from all shameless liars here.
************************************************************************************
To be honest, good recommendation to all I3 readers to buy at RM 1.10. However, I think is also good to inform all readers here when Mr. Ooi took profit as he follow TA of 200 days MA., although we know he set a TP of RM 6.30. In this situation, TA come first and many readers take his word into consideration. Thank you.

Posted by OTB > 2024-09-07 10:26 | Report Abuse

Posted by CIO888 > 3 minutes ago | Report Abuse

OTB
I recommended YTLPower at 1.10, sell at 3.98 is already a very good profit.
I never run from I3, all readers in this forum did not complain except a few shameless liars here.
I do not even bother them because they are the barbarians in this forum.
I care if all readers complain to me, definitely not from all shameless liars here.
************************************************************************************
To be honest, good recommendation to all I3 readers to buy at RM 1.10. However, I think is also good to inform all readers here when Mr. Ooi took profit as he follow TA of 200 days MA., although we know he set a TP of RM 6.30. In this situation, TA come first and many readers take his word into consideration. Thank you.
----------------------------
Noted.
Please read all my postings in I3, my cut loss is always 200-day SMA.
200-day SMA is the definition for a uptrending stock.
I did mention a few times in this forum on 200-day SMA cut loss.
I found out that these messages were erased by the Admin because of the flagging.
You can check all my recommendations in I3, there is always a cut loss clause.

If the readers buy share based on FA, it is also not fair to them if I keep on telling this cut loss.
Please understand it.

The target price at 6.30 is based on the EPS or PAT, EPS or PAT keeping on improving, hence I still stick to this target price.
Many analysts from brokers also revised up the target prices because of better EPS.
Their target prices are higher than mine.

The bad news on MACC checking on YTL Communication is a new event beyond my knowledge, hence the recent share price dropped is beyond my control.
I hope the share price of YTLPower will improve after this news fading away.
It is always very difficult to predict the market, I just try my best.
Please understand it.

I believe the uptrend will start again when the share price crosses above the Golden Cross.
You can buy back the share again once this uptrending is confirmed.
I believe the share price of YTLPower is still undervalued based on future earning.
The story is not ended yet.
The next uptrending is even more challenging because of "Major Third Wave up", the share price will break new high again when this "Major Third Wave up" is unfolding.
Unfortunately the article or message posted by me was erased by the Admin due to flagging.
Thank you.

Posted by klee > 2024-09-07 10:32 | Report Abuse

To be fair to OTB,MACC involvement is a 'black swan event'.Only God himself will know this.
This plunge however offer investors who are eager to buy ytlp a rare opportunity to accumulate.At current price or maybe even lower price this is a firesale.
Unless of course Wall Street crashes,then all bets are off.
Investment is all about risk vs benefit.

Posted by klee > 2024-09-07 10:35 | Report Abuse

OTB is always willing to share his strategy freely.
This is valuable knowledge from a veteran investor with battleground experience,unlike those who talk war on paper.

Posted by CIO888 > 2024-09-07 10:39 | Report Abuse

Dear Mr. Ooi,

I am truly understand it, as I also follow the 200days MA and exit some around 3.8+ level. I dont mind to keep the rest as to follow FA as per HLE target price. Thank you.

Posted by ks55 > 2024-09-07 10:41 | Report Abuse

Is comment in YTLP still allowed?

Posted by ks55 > 2024-09-07 10:42 | Report Abuse

Otherwise will just be a one sided story telling.

Posted by CIO888 > 2024-09-07 10:43 | Report Abuse

OTB
I believe the uptrend will start again when the share price crosses above the Golden Cross.
You can buy back the share again once this uptrending is confirmed.
I believe the share price of YTLPower is still undervalued based on future earning.
The story is not ended yet.
The next uptrending is even more challenging because of "Major Third Wave up", the share price will break new high again when this "Major Third Wave up" is unfolding.
Unfortunately the article or message posted by me was erased by the Admin due to flagging.
Thank you.
*****************************************************************************************
Hi, Mr, Ooi, what is the share price crosses above the Golden Cross? Thank you.

Posted by OTB > 2024-09-07 10:48 | Report Abuse

Posted by CIO888 > 1 minute ago | Report Abuse

Dear Mr. Ooi,

I am truly understand it, as I also follow the 200days MA and exit some around 3.8+ level. I dont mind to keep the rest as to follow FA as per HLE target price. Thank you.
----------------------
Thank you for your understanding.

I will buy back all the shares I sold because of good and "future" prospect of YTLPower.
Please note the below.

I believe the uptrend will start again when the share price crosses above the Golden Cross.
You can buy back the share again once this uptrending is confirmed.
I believe the share price of YTLPower is still undervalued based on future earning.
The story is not ended yet.
The next uptrending is even more challenging because of "Major Third Wave up", the share price will break new high again when this "Major Third Wave up" is unfolding.
Unfortunately the article or message posted by me was erased by the Admin due to flagging.

I believe "PureBull sifu" also shared the aforesaid message on "Major Third Wave Up" theory.
I still have very high hope on YTLPower.
It is always very difficult to find this type of strong growth stock.
To me it is a lifetime opportunity.
Thank you.

Posted by OTB > 2024-09-07 10:53 | Report Abuse

@CIO888,
To me, a Golden Cross Formation is formed when the 20-day EMA line cut above the 70-day SMA line.
This Golden Cross Formation pattern is not formed yet.
I will inform in this forum when it is formed.
Thank you.

Posted by TanDavid88 > 2024-09-07 10:57 |

Post removed.Why?

Posted by Vincent8864 > 2024-09-07 11:00 |

Post removed.Why?

Posted by Antifanaticracism > 2024-09-07 11:08 | Report Abuse

Both are right and are experts. OTB is a longer term strategist while Vincent is a shorter term strategist

Posted by OTB > 2024-09-07 11:09 | Report Abuse

Posted by ks55 > 15 minutes ago | Report Abuse

Otherwise will just be a one sided story telling.
--------------
Ok, to be fair, you can post your comment as long as it is not a personal attack or telling dragon and I are con men in this forum.
Thank you.

Posted by OTB > 2024-09-07 11:14 | Report Abuse

Vincent8864 is a shameless liar here.
Telling lies after lies in this forum.
A good person will not twist the story to attack others.
A real thick skin person and a low class and shameless liar here.

Posted by ks55 > 2024-09-07 11:17 | Report Abuse

Posted by OTB > Sep 7, 2024 11:09 AM | Report Abuse

Posted by ks55 > 15 minutes ago | Report Abuse

Otherwise will just be a one sided story telling.
--------------
Ok, to be fair, you can post your comment as long as it is not a personal attack or telling dragon and I are con men in this forum.
Thank you.

================================

Can someone please clarify my question below?

Why no SWOT analysis was done.
What are the weaknesses?
What are the threats?
What are the opportunity costs?
Why never mention Nvidia's role and its capital commitment?
Why never mention equity composition?
Why QR was silent on Nvidia?
Why no mention about cost to put up 500 megawatt solar plant?
License (permit) requirement?
Access to TNB national power grid is free?

Posted by OTB > 2024-09-07 11:17 | Report Abuse

Vincent8864 is a shameless liar here.
A shameless liar will not do well in his investment.
Hence he did not own a single share of YTLPower.
He still has a very thick skin to tell lies after lies in this forum.

I still made million from YTLPower loh !!

Posted by ks55 > 2024-09-07 11:23 | Report Abuse

If I answer query raised mysrlf, someone sure to say I mad mouth his share. I prefer to let him answer.

Posted by OTB > 2024-09-07 11:28 | Report Abuse

@Ks55,
I cannot give you any answer because I do not know or do not use this type of information.
I know that Nvidia will definitely come to invest in DC of YTLPower.
Maybe you can read the report about Nvidia in Q1 2025 report once more details on DC are available.
I follow the financial reports and all analysts reports only.
Thank you.

Posted by ks55 > 2024-09-07 11:34 | Report Abuse

I would like to answer my own question, but the answers sure to offend some one as these answers will make them think I am talking bad about YTLP. A gentleman will look at thing in its entirety, not choose and pick what is favorable and leave out what is not favorable. In court of law, we say that amount to suppression of evidence. benefit of doubt always go to the adverse party.

Posted by PureBULL ... > 2024-09-07 11:55 | Report Abuse

Solar RE is BIG biz. With DC, both r forever growing:

https://www.youtube.com/watch?v=2hwpXCjmkRo&ab_channel=DWPlanetA

https://www.youtube.com/watch?v=XEXIy4xWgf8&ab_channel=CNBC

Posted by OTB > 2024-09-07 11:57 | Report Abuse

@PureBull sifu,
Please comment on the below message.

I believe the uptrend will start again when the share price crosses above the Golden Cross.
You can buy back the share again once this uptrending is confirmed.
I believe the share price of YTLPower is still undervalued based on future earning.
The story is not ended yet.
The next uptrending is even more challenging because of "Major Third Wave up", the share price will break new high again when this "Major Third Wave up" is unfolding.

I believe "PureBull sifu" also shared the aforesaid message on "Major Third Wave Up" theory.
I still have very high hope on YTLPower.
It is always very difficult to find this type of strong growth stock.
To me it is a lifetime opportunity.

Thank you.