Noted some comments .
Net asset value is 44 cents. Likely this counter has room to improve its financial position with its business related medical beds and other medical necessities for a better economic performance in regards to increase of Covid cases recently. Suggest to buy if it stops to move downward for a short term gain especially on its warrant price of 3 cents to aim for 6 - 7 cents and mother shares of 16-16.5 cents to 20-22 cents in weeks period.

AIM shares trade higher now in order to push OR price to lure retailers to buy. It is not advisable to subscribe as most of such counters will end up losing money. Be prudent. Trade at YOUR own risk (TAYOR)

Counter dropped for 11 cents for its last trade of 71 cents. It seems to be cheap but it was 26 cents on 26 Jan 2023. Thus, be careful of your trade. Always take profit of your position. Trade at your own Risk (TAYOR).

Shares seem lost uptrend momentum. Trend chart shows that there is tendency to drop further and support to be at range of 40-45 cents unless interference by company for bulk buy back. Consider to sell if you have already made profit.

Trade at your own risk (TAYOR)

Scammers have thrown to sell shares for 6 million shares at 2.5 cents with such transactions done to create anxiety and panic for selling pressure to existing retailers.

Do not be too positive and place hope on the new management team as this is a 'JUNK' counter which there is limit to its performance.

Be risk prudent and fund management. Trade at your OWN RISK (TAYOR).

https://www.tiktok.com/@streetothepoint/video/7170178233927781659?q=interview%20invest&t=1676747961620

Retailers are advised to be prudent as too many punters have encouraged people to buy despite the price has gone up. Take your profit and wait for the price to come down first before buying in. Trade at your own RISK (TAYOR)

Looks that the counter is going south. Suggest to take profit and run. Otherwise, it may go down further. Trade at your own RISK (TAYOR)

Callme77, no outcome yet? Heard better deal to be confirmed including warrants?

Sad to see untrue news spread by faimma20 as we believe most people concurs to this QA acquisition.

Faimma20 is really unprofessional with unjustified news

Thus, please vote in your favor for this QA acquisition with more return to SONA shareholders as well as warrants holders

Frankly, as an analyst, I concur to this QA acquisition as per following considerations:
1) A good buy with USD25 m against MV of USD30-40m as fair value by independent professional valuer.
2) Buying QA at this current low oil price may give SONA a good opportunity to penetrate OG industry.
3) SONA have strong management team & experience technical expertise for this OG industry.
4) Oil price is projected to be in recovering trend which may give SONA good ROE in future.

SONA has managed to reduce its purchase price from USD50m to USD25m which is deemed to fair & believe its trading price may see momentum & quantum leap. We will just cross our finger to see its performance soon

Shafi Awong bought at 5 cents? At
9.34am, 48,150 lots traded at 5 cents, only 1 lot traded at 5.5 cents. Stay away from this counter. Keep money for other better bargain.

Don't be trapped. See Trive, previously called as Etitech on your own. Worth to buy??? No hope already as they are having common directors. This proposal of reduction of capital will be approved by Bursa. Malaysia Boleh. Just sit tight & see in your own.

http://www.bloomberg.com/news/articles/2016-02-11/oil-rebounds-after-tumbling-to-lowest-in-12-years-on-supply-glut

Oil rose the most in three weeks as equities rebounded and OPEC reiterated its willingness to engage with other producers.

QUICKTAKE - Oil Prices
Futures rose as much as 10 percent in New York after settling at the lowest since May 2003. U.S. stocks halted a five-day slide that dragged global equities into a bear market. The CBOE Crude Oil Volatility Index, which measures expectations of price swings, climbed to the highest level in seven years Thursday. Producers are ready to work together and won’t make cuts unless there is complete cooperation, United Arab Emirates Oil Minister Suhail Al Mazrouei said on a Sky News Arabia report posted online Feb. 10.

"It makes a lot of sense to cover shorts after plunging to new 12 year lows," said Bob Yawger, director of the futures division at Mizuho Securities USA in New York. "We had one of the more reliable people in OPEC say that it was willing to cooperate in making cuts. I don’t believe anything will come of it but you have to pay attention."
Crude is still poised for a second weekly drop on speculation a global surplus will persist amid near-record U.S. stockpiles and the potential for increased exports from Iran after the lifting of sanctions. Oil climbed above $32 a barrel last week as Venezuela said six OPEC producers and non-member states including Russia would be open to an extraordinary meeting. Prices plunged 19 percent the next six sessions on skepticism a deal could be reached.
West Texas Intermediate oil for March delivery rose $2.64, or 10 percent, to $28.85 a barrel at 10:51 a.m. on the New York Mercantile Exchange. It’s the biggest gain since Jan. 21, which also followed the making of a 12-year low. Total volume traded was 78 percent above the 100-day average. Prices are down 22 percent this year.
Brent for April settlement climbed $2.07, or 6.9 percent, to $32.13 a barrel on the London-based ICE Futures Europe exchange.

“‘Prices are not appropriate, I won’t say for the majority only, but for all producers,” U.A.E.’s Al Mazrouei said in an interview in Arabic on Wednesday. “The people who have spent money and have this investment, it’s natural that they won’t make cuts alone unless there is complete cooperation from everybody in that area.”
U.S. crude supplies fell 754,000 barrels from a 86-year high last week, according to an Energy Information Administration report released Wednesday. Crude stockpiles at Cushing, Oklahoma, the biggest U.S. oil-storage hub, rose to a record 64.7 million barrels.

If GLC related co, likely this counter is going to fly high...... Hope to see its sky high with target > RM1.0 to bring a big momentum & positive spirit to our local stock market.

That means private placement will be offered to non residents from other countries, Spore, US, UK, China or etc with reference to this announcement made in Bursa. Believe it may be a booster to stimulate public confidence to this counter. Hope it will fly next week.

Shares diluted, more shares to sell, more people waiting to throw. Doubt it will move up. Decide on your own

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/E28BFF28AF6D2C4B48257AD3003BE25D?OpenDocument

Private placement for 216,000,000 shares with free warrants on basis 4 free warrants with 5 shares subscribed at probably RM0.10 per share. Thus, we may end up to wait for its uptrend price forever. See, private placement with free warrants with easily 70-80% return. I believe everybody wants. We still stupidity hold for 10.5-11 cents for with hope of its price movement in uptrend. Pity me and you, why why why. It seems that we have been fooled like THH for its project announcement with false comfort of Tabung Haji as major shareholder. How long are you going to hold on like this? Holding till disposal by their exercise to small group under private placement with free warrants??

Technical analysis : SMA 120 - variance -0.002 (2%); EMA 120 - Variance 0.016 (18%); RSI - Range 9 (33.333), 14 (28.571), 25 (46.154); Percentage Price Oscillator - 5,35,5 (92%), 12,26,9(100%);

Support at 10.5 cents, stop loss at 9.5 cents; Resistence at 12.0 cents, if break through, its next target will be 15 cents. Currently it has big obstacle to move up with strong selling pressure at 11 cents & 11.5 cents respectively.

Previous debt was turn to shares repayment to banks like CIMB , not bank buying. Too many shares under repayment issued to creditors, thus it has a big obstacle to move up. Not optimistic to its uptrend. Have been monitoring this counter for the past 1 yr. People already gain >50% since its renouncement right issue prior to the release of past 2 quarters FR. Is it still worth? You decide? Similar to THH, people have a false hope that it would be another uptrend, yet it went down for a consecutive days of 2-3 weeks from a peak of 63 cents to a low of 48 cents. People always think there is a hope to move. Do you know how many people are waiting to sell high - people bought at 13 cents, 12.5 cents, 12 cents, 11.5 cents, 11 cents, 10.5 cents, 10 cents etc. Needless to say, I also think like you, don't you?

No contract means share trades sideway. May be in a range of 48 - 51 cents for mother ; for warrant, it trades in range of 28 - 31 cents. This may continue till next month for its FR

Doubt this counter will move up much higher as its news of uplifting from PN17 is known publicly. Suggest to sell when its price move up. Failing which it will end up like TH Heavy which it is trading at a small range of 48 cent to 51 cents with strong resistance if 52 cents. Thus, as a conclusion, its price will be trading a small range of 10.5 cents to 11.5 cents.

No keen for warrant as its price is too close to mother price. Furthermore its conversion price is higher. Warrant price will move up only when mother price moves up. Preferred to buy mother share.

Suggest to buy when its share price dips down.

It declared PBT of RM46 million as at its quarter ended 30.9.12

May see a technical rebound after positive proposal which its renounceable rights issue may take place after its capital par value cancellation of 40 cents.

On behalf of the Board of Directors of KCB ("Board"), OSK Investment Bank Berhad wishes to announce that the Company proposes to undertake the following proposals:-
i. A capital reconstruction involving the cancellation of RM0.40 of the par value of every existing ordinary share of RM0.50 each in the issued and paid-up share capital of KCB pursuant to Section 64(1) of the Companies Act, 1965 and the credit arising therefrom to be offset against the accumulated losses of KCB;
ii. A renounceable rights issue of up to 507,514,920 Rights Shares on the basis of one (1) Rights Share for every four (4) existing KCB Shares held, together with up to 1,015,029,840 Warrants on the basis of two (2) Warrants for every one (1) Right Share subscribed for, based on an entitlement date to be determined later after the Proposed Capital Reconstruction;
iii. A settlement of debt owing to TSCLK via the issuance of Settlement Shares;
iv. A settlement of debt owing to FACBII via the issuance of Settlement Shares;

v. An exemption under Paragraph 16.1 of Practice Note 9 of the Malaysian Code on Take-Overs and Mergers, 2010 to TSCLK and the parties acting in concert with him from the obligation to undertake a mandatory take-over offer for all the remaining KCB Shares and Warrants not already held by them pursuant to the Proposed Rights Issues with Warrants, the Proposed Capitalisation to TSCLK and the Proposed Capitalisation to FACBII; and
vi. Amendments to the Memorandum and Articles of Association of KCB.

Active volume on yesterday with total trxn done at 50.61 million shares out of its total shares issue of 2,030 million; that means 2.5% total shares traded. With its intention to issue right issue, its par value needs to be reduced from 50 cents to 10 cents,ie cancellation 40 cents from its par value. Pls read http://www.bursamalaysia.com/market/listed-companies/company-announcements/1141229

Its lowest price in 52 weeks is at 11.5 cents, and highest price in 52 weeks is at 20 cents

News announced on 6.12.12 in Bursa

Right issue and capital restructuring for debt repayment thru right issue

Kakijudi, wrong info given, standard for PN17 co after its regularisation plan, proven profit for consecutive of 2 quarter . It has never been 3 quarters for its uplifting.

THH is trying to mend its condition as per recent interview by The Edge with Nor Baili, CEO of THH (The Edge Daily dated 21.11.12). Public and fund managers are looking at it for a medium to long term investment. Its Pulau Indah Fabrication yard should enable them to solicit some projects soon. However it needs to work synergy with one or two local or overseas players to go big in aspect of business expansion. Should see a strong support at 49 - 50 cents. Slow and steady uptrend would be seen when it proves to a positive move in its upcoming FR ended Dec'12. Long term wise, it is considered a good buy for both capital appreciation and dividend.

Heard that FR shown positive. Its announcement should be by next week, followed by PN17 uplifting application. Bursa will take 1 to 2 weeks to analyze for its uplifting from PN17. Thus, likely that it should be out from PN17 by second week of December 2012. Thus, foresee to see a strong buy next week rather than selling. Those who have yet to buy may consider to buy at 12-12.5 cents. Expect to get 30-40% if go according to serial announcement within these 2-3 weeks

Current market share issued stands at 1,087 m shares with market capitalization at Rm130 m

A lot of boosters to its rebounding. This has been discussed in many times prior and after its PN17, yet it shows a downtrend. Frankly, I suppose a lot of people will dispose their holding when there is a marginal up movement.

Heard this news also.

Anyone got news about this counter whether it is worth to buy or hold

Doubt so?? Why say so?

Awaiting from news announcement of its plan moving forward to improvement of its book value by its CEO, Nor Baili. Upon its announcement of good sustainaible plan, share price will fly to surpass to its previous height of 0.75 on 7.2.2011.

Practically, it is a uptrend. If break through 0.12, its next TP should be 0.15. With its announcement of financial performance ended 30.9.12, share price may out break more than 0.20.

Buying with holding power is a wise move;, today caught contra players in a big loss. Overall, upside trend may be limited if no news announced. May expect quantum leap like tiger if there are new projects, MA or new contracts to be announced soon

Forum is merely a discussion platform for sharing of info. We need our win judgement whenever decision is to be made. No blame others, just blame ourselves for unrealistic target. However, still consider a good hold as fund mgrs such as EPF, Khazanah may pull their fund to buy.

A lot of contra players selling off. Will bounce back later

Agreed to buy at RM0.10 with such a strong support.

TH Heavy Engineering - New life, new status

INVESTMENT MERIT
With its Upliftment of PN17, after two years of being classified as a PN17-status company, TH Heavy Engineering (THHE), or formerly known as Ramunia Holdings, has gone through several corporate exercises to improve its financials. Today, it has turned more profitable and viable.

1. RM210m contracts for 12 months.
-In Mar12, it secured a RM23.6m fabrication job from Aquaterra Energy Ltd for the West Desaru Project, which was completed in July12.
-3 mths later, it won two sizeable fabrication jobs from Sarawak Shell, totalling RM177.5m, scheduled for deliveries in 2Q13. With this, THHE has an orderbook backlog of c.RM210m, which will support its earnings for the next 12 months.

2. Tabung Haji the majority shareholder.
-After corporate restructuring, Tabjung Haji now owns a 32% equity stake in THHE, an increase from 29% previously. This could boost the public confidence in the company for its future growth prospect.

3. Fairly valued.
-The upliftment from PN17 status will push its share price to a new historical height.
-Currently THHE is financially stronger and more profitable. Thus it positively sees more upside from here.
-THHE is likely valued at RM1.30 based on 17x FY13 PER (ex-cash from the rights issue), which is average targeted PER for Oil & Gas stocks.

4. Why recommend to buy:
i. Its Strength: Strategic location of its newly acquired 57-acre integrated fabrication yard in Port Klang, with an annual capacity of 10,000 mt.
ii. Its Weaknesses of HR.
-The co. recognizes its weakness of having expert shortage. Thus, it is employing more expertise to cope its impending contracts for a sustainable profit and project continuation.
iii. It has taken an opportunity to a business expansion into lucrative FPSO market by acquiring a FPSO vessel.
iv. Its threats are from major players which are likely mitigated by its top management's high rapport with Petronas, Shell and Sime Darby.

Views: Bullish in the S-T & M-T
Comments: TH Heavy has just broken above short term ascending triangle. Immediate TP of RM0.70 with the first level of support at RM0.60. Buy on dip down.


BUSINESS SEGMENTS
Offshore Structures Fabrications. Core business which focuses on the fabrication of offshore oil and gas facilities, including substructures, platforms and topsides.

HUC & Topside Major Maintenance. It offers offshore topsides modifications, upgrades, shutdowns, repairs and de-commissioning of existing or abandoned platforms. (Both these segments contributed 90% of the group’s 1H12 revenue.)

Offshore Crane Manufacturing. This division is housed under its wholly owned subsidiary, O&G Works Sdn Bhd, and has been granted the license to manufacture offshore and marine crane.

Marine Services. This is a newly ventured business that enables the group to minimise the risk of its dependency on fabrication jobs. The acquisition of RM248.4m of FPSO vessel is part of its strategy to tap into demand for services in marginal oilfield development.

*** TP - RM1.30 (short term)

Marginal red

Contra players disposing-normal sign. Overall, counter is still intact. Should be a good buy or opportunity to buy whenever there is a dip down

Red again