UEMS’s net short position is approaching 2%. Considering 75% of the shares are held by UEM Group and UrusHarta Jamaah (UHJ), the actual float is less than 25%. UHJ has not sold a single share except for SBL purposes. Net short position to float is very close to 10%, highly unusual.

WenJun 2023-03-06 19:56 | Report Abuse

Short- to mid-term TPs:
TP1 - 0.315 (Achieved)
TP2 - 0.355 (Achieved)
TP3 - 0.420 (Achieved)

Too bad sold way too early, wasn’t expecting a bull run without any proper retracement.

WenJun 2023-03-06 19:56 | Report Abuse

Short- to mid-term TPs:
TP1 - 0.315 (Achieved)
TP2 - 0.355 (Achieved)
TP3 - 0.420

Thank you UEMS

WenJun 2023-03-06 19:56 | Report Abuse

Short- to mid-term TPs:
TP1 - 0.315 (Achieved)
TP2 - 0.355
TP3 - 0.420

The net short position on UEMS as of 2023-06-27 was 6,617,902 shares (hasn't changed for weeks). However, a day later on 2023-06-28, it declined to 6,387,902 shares. This is a reduction of 230,000 shares or 2,300 lots. More short positions will be closed if it goes up further. Some forms of short squeeze might be triggered if UEMS surpassed certain price levels, more upside is coming.

SBL doesn’t mean the share has been short-sold, you have to refer to the IDSS/PSS/RSS volume. Since the announcement was out, there was only a total RSS volume of fewer than 3k lots, and the short-selling volumes are 0 for recent days.

Its Bollinger bands have never been tighter, some explosive moves are imminent

@wongcheehui, FYI, EPF is no longer a top 30 shareholder based on the latest annual report, the party that purchased most from EPF during the meltdowns below 0.23 was IVTs from Maybank Investment Bank, which is now one of the largest shareholders. The largest shareholder remains UEM Group, which is a wholly-owned subsidiary of Khazanah.

I am smelling something here...

https://www.enanyang.my/财经新闻/大马5公司引入中日伙伴-合作竞标隆新高铁项目/

It completed the 0.618 retracements for this wave from 0.235 to 0.290. Along with two dojis in a row, the rising wave towards 0.315 shall begin soon.

Bull flag in the formation, get ready guys, anytime now

Seems like further consolidation below the resistance of 0.29 is needed for it to accumulate power to charge above 0.315, but 0.27 shall remain strong support from the point of view of the volume profile.

It broke above SMA200 with increased volume. Daily MACD also had a positive divergence, more to come.

Can it breaks SMA200 and stay above it? We shall see.

I am looking at a decent VCP pattern awaiting a breakout.

Short- to mid-term TPs:
TP1 - 0.315
TP2 - 0.355
TP3 - 0.420

The sharks are good with drawing chart

The Group’s also recognised exceptional expense in 3Q21 amounting to RM1.31 billion, consisting primarily of a non-cash accounting impairment of goodwill related to the Group’s Thailand business of RM1.22 billion and RM83 million in intangible assets write-off and accelerated amortisation. However, this exceptional expense is non-recurring and has no impact to CIMB Group’s liquidity and capital position, and is expected to help optimise the Group’s ROE going forward. On a 9M basis, the exceptional expense also offsets the exceptional gain of RM1.16 billion recorded earlier in the year arising from the de-consolidation of Touch ‘n Go Digital.

Accordingly, including the exceptional expense, the Group recorded 9M21 reported PBT of RM4.81 billion, still higher YoY than 9M20 reported PBT of RM1.36 billion. 3Q21 reported PBT was RM333 million, lower QoQ compared to 2Q21 reported PBT of RM1.58 billion and YoY against 3Q20 PBT of RM454 million.

Potential MRT3 and HSR revival? The current price is worth keeping for long term

Thanks Tengku Zafrul

Gamuda

ADD, TP RM3.88

Gamuda is potentially a big beneficiary of MRT 3. Its share price has been lagging behind big caps under our coverage. Also, its foreign shareholding was at a low of 13% in Jul, down from 21% at the start of 2021. At CY21F P/BV of 0.9x, the stock is trading below its 5-year historical mean P/BV of 1.2x. Key potential catalysts: 1) MRT 3 reactivation, and 2) recovery in foreign shareholdings.

31 October 2021
CGS-CIMB

Backtest of the neckline of inverted head and shoulder is complete. It’s also sitting on the critical point of volume profile, my short term target is 3.5 and if it hits it, the next target is 4.

Thank you so much CTOS and Mr. Brahmal!!

"The central bank has also promised access will resume once the CRAs complete data security assessments."

Congrats to those who bought the dip :D

For those who want to revenge with certain IB, you may collect C29, it is worth 0.80 and will payout in early December, a solid 10% gain

Congratulations guys!!!!

@Karlos Under SCR, it is more likely to drop than rising if SCR failed as the offeror has no mandate to buy at RM2 if that is the case.

But for a takeover plan similar to FGV (which we were referring to), the offeror just buys up whatever amount of shares at or around the offer price in the open market. So if their plan failed, the price will overshoot the offer price, as those who didn't sell at the offer price think FGV is worth more.

Anyhow, it is a happy day for us! We should celebrate and (of course) remember to attend EGM and vote tomorrow to make sure this is a done case! Cheers!

@Karlos Sep 29, 2021 3:14 PM | Report Abuse

Then why the price of MMC dropped recently ? If SCR passed, it will rise to RM 2, if fails it may go over RM 2 ?

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If it fails under a takeover proposal like the one with FGV, then it will shoot past RM2, but unfortunately, this is SCR, the uncertainty is there.

The recent drops are risk management, market psychology, and behavioral finance at work. No one knows for sure that the SCR will pass, so they trade according to their understanding and risk tolerance. So, when there is some heavy selling, the reasonable thing to do is assume the takeover will be failed, so fund managers will naturally cut some of their positions to reduce risk exposures, assuming no insider information. Even if those funds are aware of the insider information, they are unlikely to act on it, since it will trigger more harm (career, legal, and reputation) than short-term monetary gain.

Actually, that is incorrect, if the offeror has to buy in the open market, it will probably end up like FGV, shoot past the takeover price if it failed.

In my view, the sell downs are just some tactics used by certain parties that take advantage of the uncertainty to absorb more shares in the market. Take last Friday as an example, notice how the market has some severe selldown at 1.64 minutes before 4:45 pm and the withdrawal of sell queues (still left some at 1.65) after 4:50 pm.

I could be wrong though, but if SCR failed, it essentially remove the price ceiling of MMC. With recent improvements in profits, I couldn't see why it would break below the current price for a long time, besides some potential panic selling and margin calls. It is also in PNB's interest to properly restructure MMC's port business (key ports for the nation) and relist in the future for better valuations.

Also, if SCR failed, it is likely that TSSM will propose a takeover offer again at a higher price, like what was mentioned by Stockraider.

Just stay calm guys, lower share price pre-EGM will only encourage more people to attend and vote for an instant near 20% profit. TSSM won't propose the SCR without blessing and consent from PNB and several other key shareholders. For an influential business guy like him, it's unlikely that he will do something with a high chance of failure.

@TreeTopView Maybe they realized that short selling during a rising trend is a suicidal move :P

@dragonfruit123 you can try to sell a few lots to the buy queues, they are mostly occupied by foreign IBs recently. Sell-side is mostly local IBs. You can view the counter party in order details to know what IB they used.

Foreign funds are using Credit Suisse and JP Morgan as brokers to buy Aeon recently, very interesting...

Foreign funds (Using Credit Suisse as broker) are sweeping upward after AEON touched 1.40. Congrats to those who bought the dip :)

Good job Maybank! Tenaga is the next

Congrats for archiving your first target TreeTopView :)

RM5 is coming

Approaching the end of VCP pattern & ascending triangle…

A similar thing is seen on the day before it breakout yesterday... Looks like more to come

It’s okay… We all make mistakes, VCP pattern is something pretty reliable based on my experience with AEON and CIMB so far… Looks like my list of best trading strategies just got a new entry!

Vroom vroom…

Preparing for VCP pattern break out?

Hi TreeTopView, it's been a while since our last chat here. I've been quite busy with work lately, neglected trading a lot. I still can't believe Aeon is holding so strong for the past few months despite the corrections in recovery stocks in general.

Stay safe and healthy!

It looks like a VCP pattern…

Why not appoint any one of the remaining big 4? Or maybe they don’t want to risk taking Serbadk as a client…

First close below 200MA in a while, time to begin collecting

Time to start collect… Be cautious with the US market

Strange. There is some RSS volume (at 1.81) on this stock, why would anyone short a stock that is being offered to takeover at RM2 a share? Sell at 1.81 and buy back at 1.80 doesn’t make sense to me. They might be doing some hedging just in case if the SCR failed, or…

Tenaga Nasional Berhad (“TNB”) wishes to inform that the Government of Malaysia (“Government”) has approved the continued implementation of Imbalance Cost Pass-Through (“ICPT”) mechanism for the period of 1 July until 31 December 2021.

For this period of ICPT implementation, the Government has decided to maintain an ICPT rebate of 2.00 sen/kWh for all customers including domestic customers with monthly consumption of 300 kWh and below. This ICPT rebate is partly the result of overall reduction in actual generation costs for the period of January to June 2021.

Details of the actual fuel prices for period January to June 2021 are as follows:

i. A slight increase of average coal price in the global market at USD70.06/MT, as compared to the benchmark coal price set in the base tariff at USD67.45/MT.

ii. Starting from January 2020, the gas price is set based on Reference Market Price (“RMP”), replacing the former two-tier gas pricing mechanism which comprises of Regulated Gas Price and LNG Price. For period January to June 2021, the average RMP price is RM17.16/mmBTU which is lower than the benchmark gas price for the year set in the base tariff at RM27.20/mmBTU.

Any shortfall or excess in the ICPT will be funded or transferred to customers via the Kumpulan Wang Industri Elektrik (“KWIE”) fund to aid in the stabilisation of electricity tariff in the future via gradual build-up of the fund. TNB also wishes to inform that the impact of ICPT implementation is neutral on TNB and will not have any effect to its business operations and financial position.

Please refer to ST’s website (http://www.st.gov.my/) for further details on the ICPT implementation. Electricity customers also have the ability to estimate future ICPT impact using the ICPT Calculator available at www.myelectricitybill.my.

This announcement is dated 28 June 2021.

They are making sure the closing price to be pushed back down to around 1.80 at closing, so that tomorrow they can buy around 1.80. Some people are being flushed out by these tactics