So what is the advice for dealing with Matrix now?

I am holding on. NTA is 32cents. If drop can collect more.

Latest fresh news: oil price will soften again. https://www.cnbc.com/2017/09/19/oil-markets-likely-to-get-gloomy-us-stocks-data.html
CNBC gives many vivid reasons why oil price won't fly.

Latest fresh news: oil price will soften again. https://www.cnbc.com/2017/09/19/oil-markets-likely-to-get-gloomy-us-stocks-data.html
CNBC gives many vivid reasons why oil price won't fly.

Very clever company. The entire movement of Dividend, Bonus, ESOS and Warrants..... are given timing which will ensure that certain parties make a lot of money. Be careful of the big drop after warrants.

The oil price of USD45-55 per barrel is the 'new normal' price for crude oil. Won't go back to USD100 per barrel. https://www.pwc.com/m1/en/issues/how-to-survive-in-the-era-of-low-oil-prices.html
20 years ago when China was the awakening giant, it has increased all prices of commodities by accelerating its economy as the manufacturing hub of the world. Because of China, crude oil price moved from USD35 to USD100 per barrel before collapsing. Now activities have slowed, labour in China has become costly, products from China not very cheap anymore, and there is over-supply of oil rigs out there.
If oil price USD45-55 per barrel is now considered normal, so should the current share price of upstream O&G players?

The oil price of USD45-55 per barrel is the 'new normal' price for crude oil. Won't go back to USD100 per barrel. https://www.pwc.com/m1/en/issues/how-to-survive-in-the-era-of-low-oil-prices.html
20 years ago when China was the awakening giant, it has increased all prices of commodities by accelerating its economy as the manufacturing hub of the world. Because of China, crude oil price moved from USD35 to USD100 per barrel before collapsing. Now activities have slowed, labour in China has become costly, products from China not very cheap anymore, and there is over-supply of oil rigs out there.
If oil price USD45-55 per barrel is now considered normal, so should the current share price of upstream O&G players?

So the price will reduce to what price tomorrow?

Yes right. If company is not good, then internal stakeholders will not exercise ESOS. True that this is a show of confidence. Bravo!

When Kraken shaved off $100mil from its Capex, it is actually bad news. Capex is spent for either projects or critical maintenance expense. Cutting Capex means they put some projects on hold, and lower major maintenance like major repair or safety buffer. Generally, Capex reduction is bad, doesn't sound good. Opex reduction is more positive.

Rise in share price really strange in last one week. Macro economy remains very poor. Share movement believed to be pure speculation. Should retreat back to 1.40 range.

The pattern has all changed. Last time Johan losing money for many years but now they are very profitable and Gkent used to be rm1+ but hit rm4+ before split (the rise only took 2 years). The pattern for Johan will be like Gkent. Fengsui is on Tan Sri Tan's side now. :-)

I guess Esos and bonus issue are activities which tells that internally they are very confident the share price will readjust to show greater value.

Hmmm. Cannot tahan this anymore. If it hits 1.45 I need to dump all 2million shares. What an of opportunity cost for me these two years.

Let Dato Lee do his magic. He has never done so heavy shares buyback of Matrix before. He is confident. I like it. Let's support him.

The smartest investor will always be the one who owns the company. So you see Dato Lee Tian Hock keeps buying his own stocks this and last week? Ask yourself why. :-)

Support is RM2.5. Hope it does not drop to that level. What is reasonable TP?

Watch next week's magic

The drop is just rigging lah. You see so few players at the counter. Due to shares not liquid, easy to drop the price or increase it. Mainly insiders playing lah... trying to maximize benefit. If you have bought the shares, hang on to them!

Hmmm,.... think I better cut losses now. Any advice? Rumour that next Q-reporting is downside some more. And USA will raise interest rate soon.

How can Korean experts (known to be very smart engineers) not know that the water disruption will impact profit? So funny and laughable. I would say something else is going on in deep waters. Something they haven't yet told us? Wait for Bursa investigation results.

Yup. Most likely a township and with hotel. Sepang is a forbidden area for new township, the rich folks there are waiting for nearby new development to pump money into. Matrix is developing the southwest corridor, and is a major player there now. Jimah is good location and access roads will be built in the next ten years. Likely to have an upscale retirement home there too, given the serene surrounding with scenery.

TP 3.15 before bonus ex date. Thinking to keep all shares, as Matrix is one of the approved Economical housing developers. Next decade will see the rise of affordable housing players. That is on top of moving steadily into Medical and Education field.

Wondering if there are any surprises for the coming AGM.

Hi KKLing,... I have no mid-term, I have long-term (by mid 2018) Johan will be RM1.50 at least. As SmartyAlek has said, Johan is trading at low valuation due to low interest from public. Wait till Johan gets into either Real estate property or Oil & Gas, then you will see the interest. Anyway, Johan's current businesses have turned profitable and will remain so for three years (some lock-in deals).

The sudden price jump in July (without apparent public news) is indicative of insider movements that there is an effort to bid on a big project. History tells you, the owner of Johan does not bid for something and don't get it (in the last two years). This is good long term counter.

MRCB and Johan, best of buddies now. Bandar Malaysia, Kwasa Sentral, .... all are high potential for wins for Johan. Make no mistake that Johan's tiles manufactured will feed into all these projects. Also the stations for LRT3. Johan will be RM2+ by Q2 2018.

I am looking at 46-48 cents this two weeks. On a separate note, Air Asia has some of the best pilots around. Even the landing skills in all the AA & AAX flights I sat in this year are better than those by MAS pilots.

Johan just needed to find a good buyer for its ceramics, so guess who has started buying like crazy for all their construction projects? MRCB !

Yes,... Matrix is slowly boiling, waiting to catapult in early July. My TP 3.20

FMU5 has always been embroiled in controversies in the early days. Rumpun Capaian Sdn Bhd (probably a RM2 company) was set up in Dec 2015 to hold a 100-year contract to FMU5. Due to a lot of scrutiny, Rumpun was then sold to Priceworth through a RM260mil deal. So Priceworth owns the 100-year contract in FMU5 now and hires another of Priceworth subsidiary Sinora Sdn Bhd to be the main contractor. So it is the right hand giving to left hand, and in between they reduce corporate tax and GST (illegal?). Finally they set up Singapore entity GSR Pte Ltd to later acquire Sinora and go listing on SGX. Exit plan to later sell the listed GSR to a foreign entity and wash the trail? This entire set-up is worthy of MACC and IRA looking into it. Please trade with caution.

Don read so much into EPF movement. Nowadays, EPF investment is not looking long-term only but also contra a lot. EPF is setting bad example. They move in quickly on counters with dividend announcement, and move out juz before ex date and juz after ex date.

The next quarter reporting will be good. Hedging techniques already in place for fuel price. And ringgit already strengthening for 3 months.

AA has a plan of working with China Everbright Group, which is indirectly owned by the Chinese government, and ranked 313th in 2016 Fortune Global 500. Will definitely be pulling in AAX.

Yes Johan might move in together with MRCB on TRX. All those with knowledge about GKent, knows that Gkent is best of friends with MRCB. Same partnership can go everywhere. Johan likely to move into Property Development with MRCB. That's why they revalued land price early this year so the maiden property development job can start on Johan's own land. And then TRX project. And then very likely Kwasa Sentral (will be built like KL Sentral).

Yes today very quiet. And the small transaction drops the price by 5cents. Pure manipulation. Most are holding on to shares, knowing well it is going to rise. Managed to buy another 40k shares. :-)

Yes true. Downgrade to 'fully valued' or 'neutral' is fine. AllianceDBS and Public Invest have set a TP of 0.53 and since AAX has reached this share price, the change of BUY call to NEUTRAL is normal. The market has over-reacted. Note that Q-on-Q revenue has risen 21.6% and that's remarkable for AAX. One must always capture market share first and then optimize operations to get better net profit. Trust in AAX for the long-term.

A lot of buying at 0.47.... someone is taking it all. Who is buying?

Next announcement : QoQ will be negative but YoY increase very small. Big problem is the SMS segment which is going down. A lot of clients are registering with free platforms like Whatsapp and Wechat instead of paying heavy SMS price package. M3Tech's offer on SMS services are being renegotiated again and again by clients, as they find much cheaper avenues to send messages to customers and potential customers.

Happy to have accumulated more shares today @2.70. Now just sit tight for one month in order to cross the dividend ex date and hopefully bonus share approved.

Winding up petition served 2 days ago. Thanks for the news JackMa. I wonder why the management does not openly explain why they still believe Perisai is still a viable company. Oil price may be stable but only stable at a low price. Low oil price is the new normal.

Good. I am paying for the show.... so hopefully won't end so soon. TP Rm3.10 in one week's time. And then sail to Rm3.55 prior ex.

The point is the company is super cash-rich and now talking to some foreign investors (mainly from China) for the next big JV project in Negeri Sembilan which is not just property. They have ventured into long-lasting cash cows like education and medical care. Another new cash cow segment coming soon.TP is RM3.55 before 4+1 bonus share.

No need to study charts my friend. NAV for Johan is 0.315, so in reality that will be the minimum worth of the company if it did not do any business.

Speculative funds just offloaded. Never dream of still able to buy more shares at 27.5
NAV at 31.5

Price quadrupled in 2 months. Goodness me,.... this very high risk? PE ratio is also damn high (never seen such high PE ratio for such businesses). Be careful.

Ah Kang already refuted MoF statement that payments were delayed. How to work together again? IWH not possible to co-develop.

NAV per share is only RM0.35 ...... RM0.60 is too much over the sensible value, given this is PN17 company. Response from Bursa on the PN17 only coming in September 2017.

"We estimate AAX will temporarily be in a net cash position only in FY18, though likely to reverse into net debt again once aircraft deliveries are back on the rise from FY19 onwards. AAX counter will be a suitable vehicle for long-term investors, not short-term" -- PublicInvest, April 2017.

Trading volume spiked suddenly since 5th Feb 2017 when price was RM0.98. Now plateauing at RM1.46. After AGM this week, price will drop to RM1.3 on profit taking. And then rise again gradually to RM1.45