Post removed.Why?

The early warning shots of NETX at 0.005 is here. Latest news from national newspapers as government struggles to divert resources to healthcare and social services. NFCP put on indefinite hold. Only payment for phase 1 and phase 2 OCT 2020 RFP tender canceled until due notice.

So... now what Mr Calvin? You said got tender. Please explain further. Government expanding resources to healthcare and military instead with their 50 billion allocation.

So.. without NFCP what does NETX have in its future?

>>>>>>>>

https://oilprice.com/Energy/Energy-General/Russia-Wont-Blink-First-In-...

Oil price has dropped to USD 22 per barrel. As demand and supply world wide plummet.

Oh no.

>>>>>>>>>>>

Government has started putting major projects on hold which is unnecessary to daily public and national importance.

Malaysia is looking at a shortfall of more than 58 billion ringgit for the allocation of public works due to cancellation of GST and shortfall from O&G revenue income.

NCFP project has been put on hold at all major states except Kelantan, Terrenganu, Sabah & Sarawak. Revision of packages to drop from 30 mb/s to 15mb/s speeds in rural locations.

Read more here:

>>>>>>

Sorry to tell you, my yinson is still up, my ql is still up, my topglove is still highest price ever. My stoneco is still up from when I started my purchases.

I am making a good profit.

Why am I still here? I am trying to explain in a forum what is a good company versus a bad company. You still dont know?

Your confidence in Insas is overwhelming. Good luck to you. Just dont let overconfidence ruin you.


>>>>>

Posted by leno > Mar 21, 2020 12:45 PM | Report Abuse

kakakakak ... u think u make more money than me ... i think i make more than u ... who is right ? HAHAHAHAHH ... u can prove u make more than me or not ?
I said i make millions from insas ... that is why i still in insas ... make sense ?
U say insas lose money .. then why fak u are still here ? HAHAHAHAHAH ... answer lar .... yet u still canot answer this simple question.
I did not say other counter cannot make money worr ... did i say that ? Did u see i go other counter tok kok ? No right ? Because u can make money in other counters as well.
U say i lose money .. are u sure YOU dont lose money in your counter aaaa ?
Actually if u think logically ... the REAL REASON u come to insas counter to tok kok is because u LOSE A LOT OF MONEY in your own counter. HAHAHAHAH .. SPOT ON right ? Make sense right ?
That's why i keep expressing DEEPEST CONDOLONCES to those who come to tok kok about other people counter. Like i said ... bad people will suffer bad karma .... amitabha .... sinchoi sinchoi ....

Show me proof the NETX has received a Letter of Award of Memorandum of Agreement for NFCP tenders with any of the major winners (FGV, DIGI, TIMECOM, TM) and I will buy netx now.

Problem is, they dont have it, they will not award to NETX any.

And more importantly, Government has not issued and LOA to anyone for phase 2.

Sorry to tell you this, but the news of indefinite project delay is official and confirmed.

Hopefully the other non-NFCP departments of NETX will pull it out of the water in the coming years.

Good luck pastor Calvin.

TENDER doesn't mean awarded LOA. Only LOA with firm progress can be billed, you don't know that?

And the news is not lies, its official. What is lies is you saying NETX has received NFCP tenders and telling everyone to sell stocks in other forum and buying NETX.

That is a lie.

The early warning shots of NETX at 0.005 is here. Latest news from national newspapers as government struggles to divert resources to healthcare and social services. NFCP put on indefinite hold. Only payment for phase 1 and phase 2 OCT 2020 RFP tender canceled until due notice.

So... now what Mr Calvin Tan Eng Yee? You said got tender. Please explain further. Government expanding resources to healthcare and military instead with their 50 billion allocation.

So.. without NFCP what does NETX have in its future?

>>>>>>>>

https://oilprice.com/Energy/Energy-General/Russia-Wont-Blink-First-In-...

Oil price has dropped to USD 22 per barrel. As demand and supply world wide plummet.

Oh no.

>>>>>>>>>>>

Government has started putting major projects on hold which is unnecessary to daily public and national importance.

Malaysia is looking at a shortfall of more than 58 billion ringgit for the allocation of public works due to cancellation of GST and shortfall from O&G revenue income.

NCFP project has been put on hold at all major states except Kelantan, Terrenganu, Sabah & Sarawak. Revision of packages to drop from 30 mb/s to 15mb/s speeds in rural locations.

Read more here:

>>>>>>

The early warning shots of NETX at 0.005 is here. Latest news from national newspapers as government struggles to divert resources to healthcare and social services. NFCP put on indefinite hold. Only payment for phase 1 and phase 2 OCT 2020 RFP tender canceled until due notice.

So... now what Mr Calvin Tan Eng Yee? You said got tender. Please explain further. Government expanding resources to healthcare and military instead with their 50 billion allocation.

So.. without NFCP what does NETX have in its future?

>>>>>>>>

https://oilprice.com/Energy/Energy-General/Russia-Wont-Blink-First-In-...

Oil price has dropped to USD 22 per barrel. As demand and supply world wide plummet.

Oh no.

>>>>>>>>>>>

Government has started putting major projects on hold which is unnecessary to daily public and national importance.

Malaysia is looking at a shortfall of more than 58 billion ringgit for the allocation of public works due to cancellation of GST and shortfall from O&G revenue income.

NCFP project has been put on hold at all major states except Kelantan, Terrenganu, Sabah & Sarawak. Revision of packages to drop from 30 mb/s to 15mb/s speeds in rural locations.

Read more here:

>>>>>>

The early warning shots of NETX at 0.005 is here. Latest news from national newspapers as government struggles to divert resources to healthcare and social services. NFCP put on indefinite hold. Only payment for phase 1 and phase 2 OCT 2020 RFP tender canceled until due notice.

So... now what Mr Calvin Tan Eng Yee? You said got tender. Please explain further. Government expanding resources to healthcare and military instead with their 50 billion allocation.

So.. without NFCP what does NETX have in its future?

>>>>>>>>

https://oilprice.com/Energy/Energy-General/Russia-Wont-Blink-First-In-...

Oil price has dropped to USD 22 per barrel. As demand and supply world wide plummet.

Oh no.

>>>>>>>>>>>

Government has started putting major projects on hold which is unnecessary to daily public and national importance.

Malaysia is looking at a shortfall of more than 58 billion ringgit for the allocation of public works due to cancellation of GST and shortfall from O&G revenue income.

NCFP project has been put on hold at all major states except Kelantan, Terrenganu, Sabah & Sarawak. Revision of packages to drop from 30 mb/s to 15mb/s speeds in rural locations.

Read more here:

>>>>>>

Follow so what leno? you get rich from Insas? I doubt it. If you own a hotel and you keep giving rooms inside the hotel to other people, you dont get richer la. All that is happening to your shares is it keeps getting diluted, and you keep losing opportunity costs.

Now, Insas is giving out warrants and preference shares that make their directors rich at the cost of shareholders. You still wondering why you can't make money from INSAS while insas management doesn't even buy back 1 single share or increase dividend? Too bad, you have been taken for a ride.

Compare that to properly run and managed companies like QL which treat their shareholders like business partners instead of annoying pests. The difference is huge. No unncessary warrants
(which dilute shares), increasing dividends, properly managed share capital, high cash levels, good investments in Family Mart (instead of roset pacific car and dome coffee).

Now is the time you can finally invest in quality companies that reward shareholders,( when public bank is RM12, when genting and hapseng and so many wonderful companies are selling half the price of last year despite all time highs in revenue and earnings) and you STILL want to invest in average companies?

I follow (KEEP BUYING) QL since 2009, compared to you follow insas since 2000, which has been more profitable?

Just ask yourself what was 2019 lows for INSAS and the 2020 price today. Then compare that to 2019 lows for QL and Topglove and Yinson and compare that to 2020.

When the tide comes out, you finally see who is swimming naked.

>>>>>>>

leno question remain the same ... if insas really has poor business, rpe roa ... then why fak u still doin in here ? U should be very busy in your high business, high roe roa counter .. No ? Wat is your intention here ? Not good right ? I am not goin to tell anyone about insas business ... for wat ? HAHAHAHAHAH ...but just for sslee ... there is a simple reason for the RPS ... ah thong got so much money. He dont wan to put in low FD. I dont make this up. Free warrant and rps will be comin up this year ... many times already ... i follow insas since year 2000 ...
20/03/2020 3:22 PM

The early warning shots of NETX at 0.005 is here. Latest news from national newspapers as government struggles to divert resources to healthcare and social services. NFCP put on indefinite hold. Only payment for phase 1 and phase 2 OCT 2020 RFP tender canceled until due notice.

So... now what Mr Calvin Tan Eng Yee? You said got tender. Please explain further. Government expanding resources to healthcare and military instead with their 50 billion allocation.

So.. without NFCP what does NETX have in its future?

>>>>>>>>

https://oilprice.com/Energy/Energy-General/Russia-Wont-Blink-First-In-...

Oil price has dropped to USD 22 per barrel. As demand and supply world wide plummet.

Oh no.

>>>>>>>>>>>

Government has started putting major projects on hold which is unnecessary to daily public and national importance.

Malaysia is looking at a shortfall of more than 58 billion ringgit for the allocation of public works due to cancellation of GST and shortfall from O&G revenue income.

NCFP project has been put on hold at all major states except Kelantan, Terrenganu, Sabah & Sarawak. Revision of packages to drop from 30 mb/s to 15mb/s speeds in rural locations.

Read more here:

>>>>>>

sslee... GKENT management is buying back average of 300K shares every day with their money. With a net outstanding share amount of 563 million shares, and bought back 25 million shares already, what do you think is going on? and why is Insas not doing the same thing with their 1.5 billion in assets and cash?
21/03/2020 12:18 PM

sslee... GKENT management is buying back average of 300K shares every day with their money. With a net outstanding share amount of 563 million shares, and bought back 25 million shares already, what do you think is going on? and why is Insas not doing the same thing with their 1.5 billion in assets and cash?

The early warning shots of NETX at 0.005 is here. Latest news from national newspapers as government struggles to divert resources to healthcare and social services. NFCP put on indefinite hold. Only payment for phase 1 and phase 2 OCT 2020 RFP tender canceled until due notice.

So... now what Mr Calvin? You said got tender. Please explain further. Government expanding resources to healthcare and military instead with their 50 billion allocation.

So.. without NFCP what does NETX have in its future?

>>>>>>>>

https://oilprice.com/Energy/Energy-General/Russia-Wont-Blink-First-In-The-Oil-Price-War.html

Oil price has dropped to USD 22 per barrel. As demand and supply world wide plummet.

Oh no.

>>>>>>>>>>>

Government has started putting major projects on hold which is unnecessary to daily public and national importance.

Malaysia is looking at a shortfall of more than 58 billion ringgit for the allocation of public works due to cancellation of GST and shortfall from O&G revenue income.

NCFP project has been put on hold at all major states except Kelantan, Terrenganu, Sabah & Sarawak. Revision of packages to drop from 30 mb/s to 15mb/s speeds in rural locations.

Read more here:

>>>>>>

PCHEM has a history of never losing money, dividends and good capital investments.

Calvin is trying to sell a mirage by pushing NETX. There is no mention of netx winning NFCP, and no information from management that they are actually bidding or have past business (within the last 5 years) with winners of NFCP projects.

"NETX ON THE OTHER HAND HAS GOVT ECONOMIC STIMULATION BY NFCP PROJECTS"

you are posting these flawed sentences without any confirmation of NETX getting NFCP projects.

But here is the truth. NETX has never made money since 2011. PCHEM has never lossed money, even until today. PCHEM has 12 billion in cash, with a valuation of 35 billion. NETX despite cash from subsidiaries, does not take any action to buy back shares or give a dividend, despite having 107 million in cash and assets (according to calvin). Why? PCHEM has IPIC, a huge wonderful petrochemical complex with 3.3 mpta in production capacity, and sitting on huge supply from aramco. NETX has.. nothing. No Letter of Award for NFCP. No profits. No growth of revenue.

Then, why is Calvin trying to get everyone to sell shares and buy NETX?. What does he have to gain? That is for you to consider.


>>>>>>

Posted by calvintaneng > Mar 21, 2020 10:43 AM | Report Abuse

You don't invest by looking at the past

SEE AHEAD

PETCHEM IS DOING CONSUMER DURABLES (NOT CONSUMER STAPLES LIKE FOOD WHICH IS A MUST)

IN BAD TIMES PEOPLE ONLY SURVIVE ON VERY BASIC NEEDS LIKE BASIC FOODS

SEE https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-19...

SO PETCHEM WILL BE HIT VERY VERY HARD AS CONSUMERS DURABLES WILL DECLINE

BECAUSE OF GREAT ECONOMIC COLLAPSE

NETX ON THE OTHER HAND HAS GOVT ECONOMIC STIMULATION BY NFCP PROJECTS

COMPANIES THAT SURVIVED THE GREAT DEPRESSION DEPENDED SOLELY ON GOVT LARGESSE

SO NETX HAS NFCP FOR 5 YEARS COMING AHEAD

WISEST MOVE IS TO SELL ALL PETCHEM AND HIDE IN THE SAFETY OF NFCP STOCKS LIKE NETX, OPCOM OR REDTONE

SEE

https://www.investopedia.com/articles/economics/09/john-maynard-keynes...

What do you mean there in no proof? How do you about the flu virus and chicken pox? It makes basic sense. You self isolate. It has already been proven that this virus spreads similarly to Sars and flu like symptoms.

Why are you arguing this point? Trying to show a rebellious side for fun? Why don't you just check and read articles and watch videos on how it spreads in China and how china and donate have been successful in controlling the clusters.

You main cakap saja. Faham dulu cerita sebenar baru comment. Baca Dan baca lagi.tak pakai otak tapi nak cakap besar...

Mesti yg pergi tabligh ini Dan fikirkan Allah akan selamatkan semua tanpa menjaga diri sendiri.

>>>>>>

DreamKentut There is no proof that self-quarnatine is the solution.
There is no proof that movement restriction is a solution

It is an idiot's decision to fight an invisible enemy.

The government's suggestion is

"Hide and pray, then the virus will leave you because you have been an obeidient person."

What happend to medical science?
What happened to all those geniuses who drip brains through their nose, ear and arseholes? Why no solution?

Did medical science fail? Modernisation failed?
20/03/2020 2:04 PM

Whenever I read comments like this I feel how shallow and brainless a huge part of the population is.

The MCO is mean as a conformity and mutual support from all individuals in the country to combat the virus. The general call is for "self isolation" to slow down and freeze the movement of the virus.

Every individual "rebellion" costs the government resources and manpower to handle which wastes time and work which can be easily spent to do other work.

Looking at the video, the individual can easily just say ok, go back buy a skipping rope and do jump ropes in the comfort of his own home for only 2 weeks.

But arguing and complaining causes a big group to come, video, police and individual which increases the possibility of spreading virus ( the whole point of MCO).

And trying to say death just because of 2 weeks no exercise shows idiocy and complaining just because they can.

If everyone just gets with the program, then police officers can be deployed elsewhere and actually do their jobs.

Please understand, healthcare and government forces are being stretched during this trying period. Being selfish and "smartass" does nothing for the general public. Arguing the letter of the law instead of understanding the point of the self isolation is the height of stupidity. What if someone will positive results were to go jogging and spread to police officers? How would they have known? Why take the risk? Why cause such a fuss?

Only academics always think they are right.



>>>>>>>>>

Posted by Ricky Yeo > Mar 20, 2020 12:02 PM | Report Abuse

I dont really see anything wrong with this. Not like you're group jogging, or spraying COVID into the air or touching the trees while you jog so someone touches it later gets infected. I agree gym is bad but outside jogging as long alone and social distancing is still fine. And also consider the consequences of entire nation of no exercise for 2 weeks, how much death can be attributed to that? That's an invisible risk.

Even a child understands, how can Calvin tan who is supposed to be a super investor not understand?

The only explanation is he is losing money in NETX and fast losing supporters with no nfcp contract in sight. So his method is to fabricate imaginary bad news at other counters and fabricate imaginary good news in his NETX counters.

But a millionaire who only puts in 50k sgd into NETX versus someone who pours millions into this discount market. Who do you think will profit most in the long term and who is the one buying at cheap prices?

>>>>>>>>>

enigmatic ¯\_(ツ)_/¯ Crash below RM4 and run to NETX?

PROFITABLE PCHEM has always made profits in every quarter.

LOST-MAKING NETX has been making losses since 2012!

Assuming PCHEM only rises to RM4.20 next year from RM4 now, a surefire 5% profit is made on top of dividends gained.

Much higher profitability than NETX maintaining at RM0.020 next year.
17/03/2020 11:14 AM

I don't understand.

What makes Calvin think I put everything in one basket?

I have Palm oil plantations in tawau. I have EPF. I have fixed deposit. I also have ASB ( Max 200k) and also a few bonds. I have a shoplot in SS15. And a house.

Who needs more than 1 house? You can only live in one. Staying in more is depriving others if a necessary resource, a home.


But it is true.

I am buying cheap shares at good prices now.

Happy to keep buying more.


>>>>>>>>

calvintaneng Heheheh

At least I don't put everything in one basket

I diversified into landed houses

Dumb dumb Philip committed more than Rm65 millions with margin into a crashing market
18/03/2020 5:26 PM

If you mean manufacturer then yes they are. They have been doing it for the last many many years.

>>>>>>


SHQuah Philip.......Is Gkent the only company in Malaysia and SIngapore that supply Water Meter ?
Monopolies ?
18/03/2020 2:42 PM

Fair price is whatever George Kent is willing to pay to buyback shares. They just bought back more than a million shares at low low price.

Insider buying back shows they have the resolve and the cash to pull through.

>>>>>>>

17-Mar-2020 Insider GEORGE KENT MALAYSIA BHD buyback 260,000 shares from 0.485 to 0.535 on 17-Mar-2020.
17-Mar-2020 Insider GEORGE KENT MALAYSIA BHD buyback 927,000 shares from 0.540 to 0.780 on 09-Mar-2020 - 16-Mar-2020.

One of the many signs of a wonderful company of a wonderful company is a high cash level and the ability to buyback huge amount of shares during crisis periods.

Look to companies that have enough cash to ride out the crisis and at the same time deploy can to buy back shares.

God bless you Calvin. Even though you use HIS name to sell stocks.

As I said. Now is not the time to make money from others misfortune. Now is the time we stand by our fellow Malaysians and help each other out during this time of need.

I am not making a single cent from this loan. My loan is 3.75. the loan rate of 4.25 and the difference of 0.5% is just to pay for legal expenses and stamping fees.

This loan is not for you. It is for those who have to look at getting a loan from private loan sharks who borrow money at 1% per month and above.

For you filled with hate and bitterness and insanity sure to losing money during this difficult period, all I can say is this:

You will notice I have stopped commenting on your NETX or any of your posts as I feel you are a waste of effort and a pest that will continue to cheat young investors. The difference is this time you have called wolf far too many times and everyone in the forum has wised up to your antics and assumptions.

I will no longer reply to your comments or messages or postings.

Good luck and God bless.

Let's all stand together and help each other out of this period instead of pointing fingers and blaming and insulting.

Let's leave the Singaporean to his devices and help Malaysians out.

Doubled exposure in gkent and serbadk as business fundamentals so far has not changed. Lrt3 project has not been cancelled and Qatar is still as rich as ever. Probably my entire purchase this quarter while waiting for results.

Topglove has a bigger market and more revenue. It's acquisition of aspion has shown that it is serious in tackling hartalega on the nitrile market, and the strategy of and cost of the general gloves has put it out of reach for hartalega to compete.

Meaning, topglove can attack harta, while harta cannot attack topglove.

Who do you think has the bigger future post aspion?

Not doing business with this, just a pass through loan. As originally we were was planning to use it for expansion. But with the current price of oil so low, it would not do any good to invest in growing the plantation, as renewable fuels is not competitive at this moment. I was planning to buy more stocks, but sometimes some things are more important than money.

In either case I wish no one harm, Calvin tan least of all. I hope everyone stays safe and healthy. Malaysia has declared lockdown and all malls have stop operation in Sabah except for critical supermarkets, all manufacturers and factories have closed for the week and all staff are in emergency mode.

I hope everyone stays safe and healthy financially and emotionally and physically.

God bless everyone.

I myself have also pulled the plug and started to borrow money to a few friends whose small businesses have been affected by this once in a lifetime crisis.

I have recently used my plantation holding partnership company to take stimulus loan from the government via agroank at a good special rate of 3.75% for 10 years. We have taken around 15 million in this soft loan. If your company or business has any sort term working capital or cash flow problems that you need resolution with over this trying period you may write to me @Philip Chong and send to this email rylakk2016@gmail.com.

We may not be able to help everyone, and I will use the same measure of business model viability to understand your business needs and if we would actually be helping you by lending money. I may not be able to reply everyone either as I no longer have a private secretary and admin due to being recently retired and we already have many friends and business associates underwater for the next 6 months due to this issue.

But I can promise you that I will do my part, and will only charge 4.25% interest rates ( the interest parts for stamping fee agreement, lawyer payments etc. Our loan will be a soft loan for a period of 1 year to maximum 2 years ( with interim yearly payments).

If you are running a viable business model, do not hesitate to write in.

This is a stimulus program from the government in either case that has been given out by banks to borrow to entrepreneurs. Problem is many companies will not have the credit or assets to get the approval risk to do these loans.

It is the same problem I faced when I was young. Those who need to borrow money can't get it. And those who no longer need money can borrow as much as they want.

I will be more stringent than many bank officers in understanding your problem. But at the same time, I will not for collateral or your spleen.

If you do email, please provide:

1. How much you need.
2. What is it for.
3. Your company profile and ssm audited figures for the last 3 years.
4. A sample description of your company, your competitors and your competitive advantage.
5. How long do you need the loan for.

Cheers and hopefully we can all pull through this together.

God bless.

Calvin tan go sell Jesus elsewhere. I lost all respect for you ever since you started using Jesus name to peddle your investment stocks. If you want to be here then be truthful and tell us all the stocks you are holding. Until then I believe this is your 2019 results.

https://klse.i3investor.com/servlets/pfs/123029.jsp

How much did YOU lose?

And 2-3 years from now how much will you gain?

If you only have 50k sgd to bet on NETX after so many years scamming the market. Then I really pity your investment skills.

In either case, I have given up on you. You have nothing to teach and nothing to learn from.

And worse, you peddle God's name to stock holding forum.

Companies which I hold and buy I believe are all wonderful companies with good long term prospects. If you buy those, you can believe than you and me will both be in the same boat and when I sell I will let everyone know when and how much I sell it at. That is the only thing that can be done. If most money lose together, if make together.

The possible and currently still monitor is:

GKENT my second smallest investment ( monitoring quarterly, but buybacks and dividends give me confidence)
Serbadk my smallest investment ( monitoring quarterly, but with Qatar pool production cost of usd5, and considering majority of works in Qatar and middle East countries, I am still comfortable).

QL
TOPGLOV
YINSON
STONECO

This are stocks I hold for long term

Other companies which I consider to be wonderful in the long run which you can buy at blood on the floor prices, but were too expensive for me to consider before:

Maybank
Public Bank
Hong Leong Bank
Genting
Hap Seng
Dialog
Hartalega

Semi wonderful
Magni
VS
SKpres
Notion




>>>>>>>

Posted by Sslee > Mar 17, 2020 7:50 AM | Report Abuse

Dear Philip,
Can you share some list of wonderful companies for my KIV list. I can spare 50K per month from my salarly and take out my FD when mature to slowly pick up those wonderful companies. By the way I am still confident with Pchem.
Thank you
17/03/2020 9:54 AM

I believe god will help out by the end of the year because I dont use Jesus name to sell stocks or collect money from believers.

>>>>>>>>

calvintaneng The curse of Philip on himself

A whopping Rm16 million Wipeout

On the way to Rm50 milions total loss
17/03/2020 9:20 AM

Buy wonderful companies after quarterly reports confirm no change in business fundamentals.

>>>>

Sslee Dear Philip,
Dow jones drop 2997 points. Big discount day sales what is your advice.
Thank you
17/03/2020 7:02 AM

The thing you have to understand about petrochemical business is that it touches almost every facet of modern life, from lipstick to fertilizer to cosmetics to construction to aromatics to medicine. It is the bluest of blue oceans.

However, to get into this market you need a lot of money, a lot of capex and a lot of supply.

Lctitan(or honam chemicals back in 1989) original idea was to supply the Korea market which is mo drive there profitable, so doing production in cheaper Malaysia, lower capex, low salary, good source of naphta from petronas would have been a good option back in the day. Petronas was eager to sell raw materials, and the market was green.

In 1998 ten years later, petronas saw the value of petrochemicals and started their own. Now you have to understand, even though there is a market price for naphta, the transportation and m anagement cost of this extremely volatile and flammable raw material varies from source to source.

The biggest supplier of naphta in the world is obviously China followed by South Korea. petronas saw a huge opportunity and funded the biggest petroleum complex in the region.

The majority of production from petronas local refineries into feedstocks is sold to petchem which is produced efficiently due to economies of scale and sold to the fastest growing region in the world, APAC market ( Vietnam, Malaysia, Thailand, China, Cambodia, Indonesia, Philippines), where a huge concentration of people are living in a single region and becoming more and more wealthy.

So local supply + huge cash position + huge capex + big brother = historical 25% profit, versus lctitan historical np below 10% as they expert back to Korea n and other local regions and compete heavily with China.

In essence, it is similar to the Saudi versus Russia oil problem. Russia onshore (usd40 per barrel) & offshore (usd55 per barrel) versus Saudi huge oilfield under desert sand deposits ( usd5 per barrel) production costs.

Saudi is just trying to drive Russia to capitulation so they sell oil at exactly the price needed to make Russian operations unprofitable. Saudi is still highly profitable.

Pchem current plan now is take up entire market production ( at razor margins) to kill the cash strapped, loss making competitors, drive them out of business and raise prices when the market stabilizes.

The long term prospects of PCHEM are far more attractive.

Obviously, the share price of lctitan is cheap. However, they are cheap for a reason. As market share for pchem rises, the long term revenue and earnings of lctitan will definitely decrease.

And when PIC opens in lctitan backyard with their 3.3 mpta yearly production ( lctitan 2.4), you can be assured if PCHEM sells 15% cheaper than lctitan, they will still make a 5% profit and drive lctitan out of business.

Lctitan product line and applications
https://www.lottechem.my/products/productGuide_view.asp?code=C225


Pchem products line and applications
http://www.petronaschemicals.com.my/Products/Pages/AllProducts.aspx
https://www.theedgemarkets.com/article/petchem%E2%80%99s-isononanol-plant-be-stream-2hfy19
Don't forget the isononanol plant that will become online in pangerang, which will generate huge income for PCHEM as it is the only plant in the region

Articles of pchem versus lctitan

https://www.theedgemarkets.com/article/nothing-special-expected-2q18-petrochemical-results
https://themalaysianreserve.com/2020/02/05/lotte-chemical-unfavourable-on-oversupply-weak-demand/
https://www.thesundaily.my/archive/lotte-chemical-titan-not-big-threat-us-petronas-chemicals-FTARCH441839

>>>>>>>>>>

lchiat I am a beginner with no experience. You had an interesting comment on LCTITAN, saying PCHEM production prices will be equivalent to LCTITAN's raw material costs. Is there an article i can read to understand the Petrochemical business?
17/03/2020 12:58 AM

Hi tlchiat, which part of Shell are you with? Offshore or onshore? Most of my friends which have also joined me in recent retirement are from the onshore team in Sabah. Maybe I will know you if you are within the 50+ age group.

For yinson the long term prospects as an FPSO is simpler and clearer than the other FPSO such as Armada and sapura.

As you probably know in upstream business,

There is,

Engineering & construction,
Drilling and completion,
Exploration & production,
Operation & maintenance

Back in the early years of 21st century when price per barrel hit 90+, doing exploration and drilling was a very very profitable thing so do. Companies like sapura and Armada structured very bad deals due to greed, where they had joint ventures with oil field concessionaires and countries to do PROFIT SHARING on activities. As you now know, this was a very bad idea because as the share price drops, their profit margin drops. I believe their BREAK EVEN costs were something like 50 or 60 per barrel for deep water production. So as of today with advances in fracking and oversupply the price per barrel had been dropping by a very huge amount, causing huge long term losses and impairment with those companies. In the long run the price per barrel will surely recover, but like WorldCom back in the day planting undersea telecommunication cables everywhere, the one to profit in the next cycle will not be them.

Contrast that to yinson, their business model is very straightforward. FPSO charter per man day fixed contract only. Also an initial down payment to pay for ship conversion, and a fixed sum penalty in case of early termination of contract.

Very simple very straightforward. Their specialists are from Europe ( they bought over entire European company to start the FPSO business a long time ago), and they don't have to worry about the price of oil per barrel, as their contract can be bareboat charter or inclusive of operations & management.

Simple, clean and easily understandable. While Armada and sapura are hit by lawsuits ( due to not understanding what they were caught in, blinded by greed and just expanding for expansion sake), every YINSON deal is like the bus company which they started out as. Although in this case the passengers pay to build the bus, then pays a daily rental, and send in their own mechanics, conductors and driver to run the bus. Yinson jobscope is just to provide the bus. Slightly simplified, but you get the gist of it.

I like simple things that I can understand.

No need to talk 3 talk 4. Just use mnrb vs ql 2 year results to see which method is the most efficient way to make money long term.

>>>>>>

Posted by CharlesT > Mar 15, 2020 10:24 AM | Report Abuse

Dunno why all u old fellow always think yr so called long term value investment is the best the only way of investing in stock mkt

Exactly. But those who dont go buy vegetables with their parents and read online just assume no stockpiling is being done.

>>>>>>>


changyl Holly, peoples sapu Eggs, Chicken, Rice, Toilet Paper, etc. at AEON
16/03/2020 3:06 PM

FYI, if I am not mistaken, this portion is from the refining process under Petronas, not PCHEM integrated petroleum complex.

So as stockholders, you need to understand full run of project is still expected in 2021, unlike those that think to buy something and instantly becoming a millionaire, my long term view is 2021-2022.

I'm not as good as the rest of you who can predict trade war and virus and election and can buy at lowest price and sell at highest price.

All I can do is make money as a long term shareholder.

Show me your long term performance with your trackable portfolio if you think you can do better.

What did you want me to explain? That high profit margins and buying stocks do not come with inherent risk?

Why don't you put your money in fixed deposit then, or buy bonds?

All I can explain to you is , I am an investor in PCHEM. Anything that happens to PCHEM, any profits or losses due I bear it the same as every other investor in PCHEM.

How much of PCHEM do you hold?

Why don't you EXPLAIN how you did not see the Covid-19 virus coming? Why didn't you warn the whole world, is it YOUR fault?

Or are you one of those investors who like to talk but do not even put a single cent into PCHEM?

>>>>>>>


whereyoupunter https://www.thestar.com.my/news/nation/2020/03/16/explosion-at-petrol-...

PHILIP COME OUT EXPLAIN LEH
16/03/2020 1:37 PM

you keep telling everyone this price and buy that price.

But essentially you are no different to calvintaneng.

You dont have a trackable portfolio.

MEANING , you can say anything you want about your performance. you buy at low price, sell at high price etc.

Same like Calvin Tan Eng Yee.

>>>>>>

Choivo Capital Buffet says,

The oil price crash and the corona-virus is a "One-Two" punch for stocks worldwide.

Well punch three just came for Petronas Chemicals.

I wonder if Phillip going to average down again anot.

Technically 10 year economics of the biz now and 1 year ago, still very little change lah. Can buy more shares at cheap price, he must be so happy now.
16/03/2020 2:09 PM

Wow, for someone with xx stocks in his portfolio, he really likes to comment a lot. Buying a good stock at cheap prices need to explain to you?

Why don't you play with your xx stocks and xx stocks and tell me how much you buy and what is your portfolio size changes.

I'm sure you are a far far better investor. Why don't be open for once and show the world your track record and buying/selling patterns so we can REALLY see how you are avoiding this once in a lifetime opportunity.

>>>>
Choivo Capital Phillip really change a lot this year.

Before this, i've never heard him use the word "cheap and undervalued".

I no time to start arguing again, so i'll stop here.
16/03/2020 2:15 P

Sslee,
Do take the time to accompany your wife to go grocery shopping at the market, and tell me again if oversupply or no supply situation.

This is called scuttlebutt.

If you don't go out into the world you will believe everything you read on the paper

>>>>>>>


Sslee Dear Philip
https://www.enanyang.my/news/20200315/%e3%80%90%e5%85%a8%e7%90%83%e5%a...

Hotel and restaurant business hit hard by Covid-19. Foods with short Expiry date will be hit hard. Eggs are now in oversupply situation

Thank you
16/03/2020 7:57 AM

I'm not insulting. I'm just pointing out a fact.

The obvious point here is you are wasting your time posting.

Even your sentence here... It makes totally no point whatsoever.

I wonder if in real life anybody even asks your opinions it cares what you recommendations are to the company.

Maybe that's why you are such a troll.

You probably need to spend less time in the forum and go out more. Make some friends. Learn what life is about.

Life is about making decisions and having opinions.

Hope you learn something new today.

>>>>>>>

i3lurker insulting me will NOT get you the contents of my portfolio

I have no feelings

brief glimpse ....
I can only say that I will buying some George Kent anytime from tomorrow monday 9am at first bell to end of this month, March 2020

or maybe I will not buy at all

no hurry to buy at all....
15/03/2020 10:39 PM

Or keep NETX and use how many % of portfolio to buy success?

So are you selling netx to buy success now?

Coming from someone who neither bought QL nor TOPGLOVE but instead bought mnrb, don't be embarrassed if I put you in the same level as Calvin tan and stockraider and consider your sound advice... Unnecessary.

I find my investing methodology far far superior to yours as I am still positive during this crisis while you are drowning in losses.

Again I ignore the advice of those who don't keep a trackable portfolio and disappears whenever his stocks don't do well.


>>>>>>>

Posted by CharlesT > Mar 15, 2020 10:14 AM | Report Abuse

Topglove is now ard 50% higher compare to 3 months ago thanks to covid 19..

Assuming covid is being contained n controlled in the next months (well China seems able to do so..), i will rather prepare to sell glove co n switch to oil n gas co which has plunged badly..

Maybe we will see the de javu in armada leh

I3lurker I also sincerely think those who don't have any stocks portfolio or even invest in any stocks at all should recommend anything.

I at least respect sslee got trying.

You are a persona non grata.

No investment value to community.

You talk alot of bullshit. But in the end I learn nothing of value from you. You are like jho low in his jynwel capital advertisement. 10 minutes, but in the end you don't know what his company business model is.

You are simply a waste of investment action.

Maybe someday you can actually recommend a stock you own for once.

But that would be asking to much for someone whose idea flicker at the speed of light.

Sorry sslee, based on your history of stocks picks and Insas performance I don't think you are qualified to advise anybody.

>>>>>>>

Posted by Sslee > Mar 15, 2020 8:28 PM | Report Abuse

My advice to philip is sell some QL clear the margin account and keep some cash. Because low can become lower and stay lowest than you can stay solvent.

Post removed.Why?

Post removed.Why?

Post removed.Why?

I use the speed of light to stop now.