Posted by 3iii > 2019-02-01 12:16 | Report Abuse

https://klse.i3investor.com/servlets/forum/905028715.jsp

Stock Market Scams: The Pump and Dump & The Insider Trading

Posted by Alex™ > 2019-02-01 13:47 | Report Abuse

Wah.... Insider all throw? Why they buta one?

Posted by 5354_ > 2019-02-01 13:48 | Report Abuse

KYY angpow why insiders must refuse?

Posted by Alex™ > Feb 1, 2019 01:47 PM | Report Abuse
Wah.... Insider all throw? Why they buta one?

Posted by i3lurker > 2019-02-01 13:51 | Report Abuse

rr88

you failed in geography at school. In Malaysia, there is no monsoon at all. Also it never rains in Malaysia at all.

Every day is a sunny day in Tanjung Rambutan fluorescent lamp.

so earnings X 4 is normal for Tg Rambutan inhabitants.

UNDERSTAND?????

Posted by qqq3 > 2019-02-01 14:32 | Report Abuse

Posted by rr88 > Feb 1, 2019 01:33 PM | Report Abuse

Some months they got more jobs while some months less or even no new jobs.
==================

luck works in mysterious way....open big open small, who knows?

some bet big, some bet small...I think both got equal chance.

Posted by qqq3 > 2019-02-01 14:37 | Report Abuse

luck works in mysterious way....open big open small, who knows?

some bet big, some bet small...I think both got equal chance.

A lot of them may not even wait for next results.....but some will....

Posted by qqq3 > 2019-02-01 14:49 | Report Abuse

I think there is some thing about quarter profits X4 that is very attractive and even irresistible.....is that a negative comment? No, it is not.....

table open...bet big bet small your choice......

winner becomes King loser become prisoner.....normal.

Posted by GoodBoy > 2019-02-01 15:06 | Report Abuse

Maybe insiders already know the coming qr no good ... hahaha ...

Posted by GoodBoy > 2019-02-01 15:18 | Report Abuse

I m very grateful one ... I ate curry mee n collected angpow ... Thank you uncle n wishing u n everyone a Happy n Prosperous Chinese New Year ...

Posted by qqq3 > 2019-02-01 15:22 | Report Abuse

gratefulness very important.....thanks to KYY, got movements here.

Posted by amet2017 > 2019-02-01 15:49 | Report Abuse

Ah gon die hard supporter of uncle kah? Last time he di die for tanseli in samatek

Posted by Choivo Capital > 2019-02-01 16:06 | Report Abuse

Mr Koon, your senseless critics told you to sell JAKS at RM1.84. You told people to buy.

The same senseless critics are now saying at RM0.4-RM0.5 JAKS not horrible, maybe can buy. You on the other hand asking to sell.

Now we have the same story with CARIMIN.

Uncle, RM64 million (More than RM70 million if i add in all your other holdings) is a lot of tuition money to pay. And im not sure you learnt enough for RM64 million.

You like to help others and poor students. I hope you don't pay this kind of tuition money again.


======
As you know, I have posted my buy recommendation. My senseless critics always said to sell when I call to buy. Now they are leaking their wounds. Those who believed me are laughing to the bank.
Koon Yew Yin

Posted by newbie5354_ > 2019-02-01 16:33 | Report Abuse

KYY TP RM 2 why insiders 70 sen sold?
https://klse.i3investor.com/blogs/koonyewyinblog/192016.jsp

Posted by paperplane > 2019-02-01 18:39 | Report Abuse

the company financial health ok right

Posted by Kyou > 2019-02-01 18:51 | Report Abuse

wait for 2rd QR .if negative, KYY will throw all his share like Jaks , Lionind, HengYuan.
so better dun chase high , be safe...

Posted by paperplane > 2019-02-01 19:00 | Report Abuse

No need argue too much. Wait q2 result.

Posted by Investor 999 > 2019-02-01 20:45 | Report Abuse

Remember to sell all stocks upon release of coming good QR in Feb because next QR to be released in May will be very bad.

Posted by probability > 2019-02-01 20:52 | Report Abuse

aiyo..this one looks like will overtake hibiscus price soon...

even oil might become worthless in the future...but curry mee will always find big O&G service contracts...kiki

Posted by probability > 2019-02-01 21:15 | Report Abuse

Carimin is Doing What Business? Koon Yew Yin
Author: Koon Yew Yin | Publish date: Fri, 1 Feb 2019, 05:34 PM

......................

Many of my followers wanted to know what kind of business is Carimin doing.

Carimin: Carimin is renowned for its highly dedicated group of professionals from our management to our highly trained on site personnel in a full array of oil and gas industry services.

The company provides skilled personnel to the oil and gas for both onshore and offshore projects and facilities from engineering and design, fabrication and construction installation and commission through to complete inspection and maintenance.

Petronas: Petronas has more than 200 oil rigs and the cost per oil rig ranges from US $ 200-600 million, depending on its location. Offshore oil rigs are more expensive. Each oil rig can produce an average of 500,000 barrels of oil per day. Assuming the oil cost is about US $ 50 per barrel, 1 oil rig can produce US$ 2.5 million per day.

All steel rust over time especially the offshore oil rig due to salty sea water. The company was awarded a Rm 1 billion service contract for 5 years from Petronas, average Rm 200 million a year. Besides this, it also has secured a 2 years construction contract valued at Rm 60 million from West Coast Express Highway.

Carimin reported its 1st quarter ending 31 September 2018, EPS 5.01 sen. It is safe to assume that the company can continue to report similar profit every quarter for the next 5 years. Based on the excellent performance, it is most likely Petronas will award more contracts to the company.

Based on the above facts, I believe Carimin will report similar EPS for the 2nd quarter before end of this month and the share price will continue to shoot higher and higher. Most likely it can report 5X4= 20 sen EPS for the current financial year. It should deserve to sell at Rm 2.00 equal to P/E 10.

To be safe you can wait for its 2nd quarter announcement at the end of February. But you might miss the boat because there are many institutional investors with good foresight who are buying it aggressively. That is why the average daily traded volume exceeds 10 million shares.

Many careful investors were waiting to buy after price correction and they are disappointed to see that the correction is so wild as shown by the price chart below.

When I was a young boy, I was afraid to approach a pretty girl and I remember someone told me that a faint heart would not win a fair lady. It is similar in share investment, if you dare not take calculated risk, you will not make a lot of money.

As Carimin is my major investment, I am obliged to tell you that I do not need readers to buy to support the price because the daily traded volume exceeds 10 million shares. My purpose for writing this article is to provide more information to help investors make their investment decision.

Posted by HengOnnHuat > 2019-02-01 21:20 |

Post removed.Why?

Posted by paperplane > 2019-02-01 23:27 | Report Abuse

Carimin is my major investment, I am obliged to tell you that I do not need readers to buy to support the price because the daily traded volume exceeds 10 million shares. My purpose for writing this article is to provide more information to help investors make their investment decision

Posted by paperplane > 2019-02-01 23:28 | Report Abuse

Major means sell all jaks alredi?

Posted by Moneymore > 2019-02-01 23:33 | Report Abuse

Uncle, it is platform not rig. In oil industry rig is referred those drilling rig, once done they moved away.,
Platform are those stay permanently there to support the production. Alam, Dayang, Petra, Barakah also doing the same business, much longer and bigger than Carimin, why all of them are strunggle? Because Carimin too small and don't have as many vessels as them so less debt and survive vetter during last 3 years. So Carimin also bleeding like them last 3 years but lesser.

Posted by aikinlai > 2019-02-01 23:38 | Report Abuse

Hahaha...kyy oh kyy....only new.babe will fall which thought u are best investor where we already know u are old jaws. Every article is a same writting style. Where is ur target price of Hengyuan rm 30 above, where is ur jaks now....in the end it gonna publish i make a fxxking mistake by buying so much..bla bla same old story. U may have show true success on old day VS, Latitude..etc. but nowdays is different story. Rm 2 target...? another sweet tactic to lure more to push up for u to sell. We may buy on the ride but of course not stupid to wait rm 2.00 to sell..SATU ringgit pun sold liao.

Posted by sense maker > 2019-02-02 00:48 | Report Abuse

Some observations:
1. A major investment in a small capital by a big investor has not triggered the 5% disclosure threshold yet?
2. Risks involved are totally not mentioned for a balanced analysis.
3. Perhaps rushing for redemption or time, binge-buying this company’s shares was based just on one quarter results, instead of two as propagated previously by Kyy, himself assuming funnily that the latest eps can be sustained for many years to come. This oversimplification presumes an unbelievable reversal of fortune of the company from struggling with recurring losses to a superstar, ie from a relatively micro company to a half-billion company. The godsend really has been handed in by Petronas, just like that?
4. Liquidity risks are real as it is impossible to unload lots of shares without crashing the share price, especially when one of the coming quarterly results disappoint.

Anyway the bets have been placed. Let’s see how it ends.

Posted by Nicholasming91 > 2019-02-02 01:27 | Report Abuse

Kyy just posted on his webpage about carimin

Posted by s36000 > 2019-02-02 01:55 | Report Abuse

To my knowledge the KoonBee JV has never bought a single share that does not eventually collapse.

So, it is not a question of whether it will collapse but only when.

Good luck, sleep well.

Posted by (S = Qr) Philip > 2019-02-02 04:41 | Report Abuse

As barakah has essentially the same contract except need to give commission to sapura, you can see increases of rm40 million in revenue and lower net loss, meaning the MCM work is tight and not so profitable you would think.

KUALA LUMPUR (Oct 2): Carimin Petroleum Bhd has won a five-year contract from Petronas Carigali Sdn Bhd to provide maintenance, construction and modification (MCM) Services (Package C (Offshore) Peninsular Malaysia Oil) for an undisclosed sum.

I think it is undisclosed not because it is hyper secret or anything, but more because it is a on call work order with no clear visibility of revenue or profits, but a 5 year agreed upon work rate.

Carimin is not the only winner, the are others.

KUALA LUMPUR: Petroliam Nasional Bhd’s unit Petronas Carigali Sdn Bhd has awarded contracts to provide maintenance, construction and modification services at its offshore facilities in Peninsular Malaysia, Sabah and Sarawak to five local contractors.

Carimin Engineering Services Sdn Bhd, Dayang Enterprise Sdn Bhd, Deleum Primera Sdn Bhd, Petra Resources Sdn Bhd, Sapura Fabrication Sdn Bhd and its joint venture partner Borneo Seaoffshore Engineering Sdn Bhd were selected for a five-year contract each with an option to extend another year, effective last September.

“Under the terms of the contract, the engineering and maintenance services will include topside major maintenance and facilities improvement projects,” Petronas Carigali said in a statement yesterday.

Posted by (S = Qr) Philip > 2019-02-02 04:49 | Report Abuse

I tried asking my H&S old ex colleagues in Samarang and bintulu as far as I know, the contracts everyone has the same unit rates negotiated, and based on completion speed it will be merit based to request for next job. So if the team is fully utilized on site on the platform, they wont be able to do other works and will be awarded to other contractors.

Petronas Carigali vice president of Malaysia assets and chief executive officer Mohd Jukris Abdul Wahab said new requirements were introduced to encourage collaboration across the industry supply chain.

“These contracts encompass requirements such as the utilization of marine vessels from Malaysia-owned companies only and the mandatory participation of 20 per cent local state service providers to spur value-added services that ensures growth in Malaysia’s oil and gas upstream services industry,” said Jukris.

With 200 offshore platforms in operation under Petronas Carigali in Malaysia, Petronas continues to encourage merit-based participation from local contractors to achieve value-driven production growth for the long-term progress and sustainability of the oil and gas industry.

Posted by hollandking > 2019-02-02 05:01 | Report Abuse

CharlesT , he is trying to make a comeback/recoup his losses.

Posted by (S = Qr) Philip > 2019-02-02 05:06 | Report Abuse

If you really want to do estimation, instead of saying carimin win 1 billion contract, look at figures. Their contract win for package c is for peninsular Malaysia only.

The offshore sites are:

https://www.2b1stconsulting.com/wp-content/uploads/2013/09/Murphy_Petronas_Kenarong-Pertang_Block-PM311_Map.jpg

This is the easiest picture I could find, as everyone knows there are now o&g sites in Sabah Sarawak than in terengganu.

So if you assume that there are 100 sites in West Malaysia, carimin has to share the pie with other competitors, how do we know that the contract size is 1 billion. It could easily be more. Or less. It all depends on the manpower and resources allocation of the company.

Topside major maintenance is not so easy as you think. The work involved is labor intensive, not so profitable because of the timeline completion involved, a lot of coordination required and you can't simply bring your team from one site to the next nearest. It depends on Petronas schedule, not yours.

Can someone please show me where is the public disclosure from Mr koon that the contract sum is a fixed 1 billion, 200 million yearly work?

I'm really confused.

Posted by (S = Qr) Philip > 2019-02-02 05:17 | Report Abuse

KUALA LUMPUR: Dayang Enterprise Holdings Bhd has bagged a maintenance, construction and modification (MCM) services contract from Petronas Carigali Sdn Bhd.

filing with Bursa Malaysia, the Miri-based provider of marine support services to the oil and gas sector said this offshore job in Sarawak would span a primary period of five years with a one-year extension option. This is the Sarawak portion winner.

It was effective Sept 20, 2017, and will expire on Sept 19, 2022, at an agreed fixed schedule of rates.

Dayang did not give the estimated or actual value of the MCM services contract in its announcement.

If dayang, Petra, sapura all did not give estimate, how does Mr koon know how much carimin contract is?

Fyi, I am not saying Mr koon is wrong or anything. As if you compare with Sarawak offshore, dayang and carimin really does show 50 million per quarter increase in revenue last quarter ( for dayang it was for 2 quarters as Sarawak started earlier).

But is 50 million for 20 quarters sustainable?

Let's hope so, for the kids.

But I think I'm right in that there is no profit guarantee, and koon is wrong to predict one.

Posted by pussycats > 2019-02-02 08:22 | Report Abuse

31-Jan-2019 Insider MR GAN HAI TOH (a substantial shareholder) disposed 340,000 shares on 30-Jan-2019.
31-Jan-2019 Insider ENCIK WAN HAMDAN BIN WAN EMBONG (a substantial shareholder) disposed 300,000 shares on 30-Jan-2019.
31-Jan-2019 Insider ENCIK WAN HAMDAN BIN WAN EMBONG (a substantial shareholder) disposed 500,000 shares on 29-Jan-2019.
31-Jan-2019 Insider WHE BINA SDN. BHD. (a substantial shareholder) disposed 300,000 shares on 30-Jan-2019.
31-Jan-2019 Insider WHE BINA SDN. BHD. (a substantial shareholder) disposed 500,000 shares on 29-Jan-2019.
31-Jan-2019 Insider PLATINUM CASTLE SDN. BHD. (a substantial shareholder) disposed 300,000 shares on 30-Jan-2019.
31-Jan-2019 Insider PLATINUM CASTLE SDN. BHD. (a substantial shareholder) disposed 500,000 shares on 29-Jan-2019.
============

Do u think insider/directors who are involved in O&G, year in & year out, are more stupid & don't hv wider experiences than K whywhy meh...

Insider/directors are happily, very slowly selling to whoever wants to buy from 70¢ up to Rm2.00.

Our brain maybe smaller than K why why brain, but WE must be wiser than the Jurassic dinosaur brains in fossilized Jaks, Lionind,HengYuan, Xinquan, Eversendai etc.

Good luck to true believers of Carimin at Rm2.00.

Posted by Alex™ > 2019-02-02 08:30 | Report Abuse

Come to think of it... I know another fund who outperform all i3 investors in 2018...they are... Drum roll...

The asnb fund.... Hehe... Year year huat... Even 2008 bear market also got min 6% div

Posted by pussycats > 2019-02-02 08:54 | Report Abuse

I know how this carimin game plan will be play out.

Good luck.

Joy ride or Hell ride... Be prepared.

Posted by soojinhou > 2019-02-02 09:15 | Report Abuse

Has KYY crossed 5% threshold yet? If he has but didn't disclose, report him.

Posted by value88 > 2019-02-02 09:16 | Report Abuse

Jon Choivo has much clearer and rational thought than KYY, the old man. I hope the old can learn from the young. Otherwise, how many RM64mil he can afford to lose ?


========================================================
Posted by Choivo Capital > Feb 1, 2019 04:06 PM | Report Abuse


Mr Koon, your senseless critics told you to sell JAKS at RM1.84. You told people to buy.

The same senseless critics are now saying at RM0.4-RM0.5 JAKS not horrible, maybe can buy. You on the other hand asking to sell.

Now we have the same story with CARIMIN.

Uncle, RM64 million (More than RM70 million if i add in all your other holdings) is a lot of tuition money to pay. And im not sure you learnt enough for RM64 million.

You like to help others and poor students. I hope you don't pay this kind of tuition money again.


======
As you know, I have posted my buy recommendation. My senseless critics always said to sell when I call to buy. Now they are leaking their wounds. Those who believed me are laughing to the bank.
Koon Yew Yin

Posted by value88 > 2019-02-02 09:21 | Report Abuse

Major shareholders of Carimin are selling, just look at the announcement. If Carimin worths the current price, why the major shareholders kept selling ? Pls think.
The KYY may also be selling in last few days if he is not silly.
The music may stop anytime from now.
Anyone who bought Carimin in last few days or to buy in coming days are feeding themselves to the sharks.

Posted by birkincollector > 2019-02-02 09:50 | Report Abuse

is koon koon too optimistic? Seem like his modus operandi....insiders busy selling to small fishes

Posted by GoodBoy > 2019-02-02 10:25 | Report Abuse

@ (S=Qr) Philip ... Very good info ... Thks ...

Posted by Zhuge_Liang > 2019-02-02 10:33 | Report Abuse

Buying share is not a skill, selling share is a special skill.
Do you have this special skill ?
If not, how are you going to compete with all sifu ?
Please learn this special skill, no point to bad mouth others.

No one force you to buy Carimin share.
Blaming others is also not a special skill.
Do you homework is a special skill to win big.

Ask yourself, do you have special skill to invest in stock market ?

Posted by 3iii > 2019-02-02 10:37 | Report Abuse

Zhuge_Liang = otb

Posted by qqq3 > 2019-02-02 10:45 | Report Abuse

Experiment in probability....

quarter profit X4 very mesmerizing , attractive and irresistible even.

if next quarter, 5 sen, or 4, 3, 2, 1 sen.....what u think the trading range going to be? What is the probability?

What ever job they did, surely did not start on 1 June and ended on 30 Sept, so some sort extrapolation is logical.....and so, because of potential gains looks attractive and out weights the risk, hoot la.....

so, next time, hoot la, whenever u have quarter profit X 4 = big gains......

no hoot at 30, 40 50, 60, 70 sen.......hoot next time....

can or not? If everybody hoot, we also as big as KYY.


comcorp, Hengyuan, carimin....more to come....

Posted by probability > 2019-02-02 11:58 | Report Abuse

out if the 2 wives...Koon's preference is clear at this age...

the one that can serve his stomach with curry mee is better than the one just decorated with national flower....

Posted by 3iii > 2019-02-02 12:05 | Report Abuse

>>>>
Posted by s36000 > Feb 2, 2019 01:55 AM | Report Abuse

To my knowledge the KoonBee JV has never bought a single share that does not eventually collapse.
>>>>


Someone mentioned the same opinion too.

Posted by probability > 2019-02-02 12:08 | Report Abuse

the number 1 sour grape i3 = 3ii


Posted by dragonslayer > Feb 2, 2019 10:23 AM | Report Abuse

Aiyo...uncle kon said...he doesnt need you all to buy leh...why all come out...macam ask all to sell ini macam....lol...dun like that lah...uncle kon has the right to write whatever he likes...you all sourgrapes lah ..ada uncle kon so rich kah...he can earned few hundred millions from stock market...only loss jaks 64mil...wei...know hisab or not...ratus mil is greater than puluh mil...cakap uncle kon lost one jaks only...macam mau bankrupt kah..wake up lah...can you all earn ratus mil or not...can baru mari comment lah...must be grateful when uncle kon giving angpow to you all...those dun get it one..
are just sourgrapes lah...bursa so many ctrs...ada goreng up later pricr collapse...not only uncle kon ctrs leh...why all aim at uncle kon...uncle kon so old oredy left how many years b4 surrender his IC...need to cheat you all meh...money also cannot bring to the other world...he need so much for what lah...he doing charity only with all the money he earned from stock market lah....lol...aiyoyo....kikiki

Posted by 3iii > 2019-02-02 12:09 |

Post removed.Why?

Posted by Lukesharewalker > 2019-02-02 12:22 | Report Abuse

Amazingly uncle neglected to mention the substantial owners are selling....
my take he is the operator....and whats is he doing next? that's the 64 million question

Posted by 3iii > 2019-02-02 12:37 | Report Abuse

>>>
Posted by probability > Feb 2, 2019 12:08 PM | Report Abuse

the number 1 sour grape i3 = 3ii
>>>>


After his posting, probability felt catharsis. :-)

Posted by 684780829 > 2019-02-02 12:40 | Report Abuse

3ii you must be really dumb and lack a brain. OTB recommends a stock he doesn’t expect you to hold
It forever. Never fall in love with the share once you hit your TP you cash our. You must be cheapskate