When a market maker is trying to fill a large fund buy order, sometimes they may not have enough shares.

They start to gradually drop the share price in order to “scare” people into thinking the company has a problem.

Weak holders will sell up, and the market maker continues to drop the price until enough weak holders have relinquished their shares.

The market maker then fulfils its large order and returns the share price to where it started.

Be eagle-eyed for all news relating to companies you hold shares in, and you’ll be better able to spot tree shakes and not get caught out.

People with weak hands vs. strong hands when the tree is shaken.

Investors with weak hands tend to be impulsive and fearful, while those with strong hands have greater financial stability and a long-term perspective on market fluctuations.

Strong hands often maintain conviction in their investment strategies and are less prone to reactive market behaviors.

Big traders and dealers often capitalize on weak hands’ predictable behavior and they strategically buy when weak hands sell, exploiting their reactions to drive market movements.

Strong hands traders are better capitalized, less emotional, and more focused on long-term trends. They often trade large positions and do not rely on precise short-term levels.

Weak hands are placing bets rather than investing and they tend to be easily spooked by price changes.

Investing in the stock market can be a great way to grow your wealth, but it can also be a risky business. One of the biggest risks investors face is market manipulation.

This is when someone tries to artificially influence the price of a stock in order to make a profit.

Since market manipulators often profit from day-to-day stock movements, investors with long-term portfolios, who don’t engage in market timing, are largely insulated from the impact of market manipulators’ schemes.

1). What is a Market Maker?

A market maker or liquidity provider is a financial institution or individual trader that quotes both a buy and a sell price in a tradable asset held in inventory, hoping to make a profit on the difference, which is called the bid–ask spread or turn.

When a buyer's bid price meets a seller's offer price or vice versa, the stock exchange's matching system decides that a deal has been executed. In such a system, there may be no designated or official market makers, but market makers nevertheless exist.

Market makers make a profit from the bid-ask spread and the difference between these two prices represents the market maker’s profit.

2). Market Makers Manipulation

While their primary role is to match buy and sell orders and maintain a fair and orderly market, there have been concerns and allegations of market manipulation involving Market Makers.

It’s important to note that not all Market Makers engage in manipulative practices, and most of them operate with integrity.

It seems the market maker can't create panic to make the share price dropped to 0.145 sen and below for the large investors to collect as strong hands are not tricked by the "Tree Shake".

Thus, large investors will now have to buy shares at 0.150 sen or higher due to the knowledge of a significant and exciting announcement that is just around the corner.

Solar Energy Tenders Pending Announcement:

1. Sarawak Energy Tender- Request for Proposal for Front End Engineering Works for the Expansion of 160MW Floating Solar at Batang Ai.
Tender closed on 31 July 2024.

2. Ministry of Energy Transition and Water Transformation for 4 packages LSS-Energy Transition SuRiA - LSS5 5.
Four tenders closed on 25 July 2024.

Solar Energy Tenders closed and successful tenderer to be announced in 2025

1. Prasarana Malaysia Berhad tender: Design, Supply, Install, Testing, Commissioning, Operation & Maintenance of Solar Photovoltaic (PV) Systems for Prasarana Malaysia Berhad. The tender closed on 28 October 2024.

2. Sarawak Energy Berhad Malaysia has released a tender for Supply, Delivery, Installation, Testing And Commissioning Of Solar Battery At Solar Hybrid Power Stations. The tender closed on 30 October 2024.

Tree Shakes – if you hold shares in a company and the price starts to drift downwards, you need to check two things.

Firstly check the date and make sure it is not ex-dividend day – your share price will drop by the same amount as the dividend, and this is fine.

Secondly, scour the news for reasons why the share price might be dropping.

If you can’t find any good reason, then the chances are that you are witnessing a “tree shake”.

When a market maker is trying to fill a large fund buy order, sometimes they may not have enough shares.

They start to gradually drop the share price in order to “scare” people into thinking the company has a problem.

Weak holders will sell up, and the market maker continues to drop the price until enough weak holders have relinquished their shares.

The market maker then fulfils its large order and returns the share price to where it started.

Be eagle-eyed for all news relating to companies you hold shares in, and you’ll be better able to spot tree shakes and not get caught out.

Following the Sarawak Premie city tour, he will witness the signing of a memorandum of understanding (MoU) between the Sarawak Energy Bhd, Abu Dhabi Future Energy Company, and Gentari (Petronas).

This strategic partnership will focus on exploring the potential for developing the world’s largest floating solar photovoltaic (PV) project, with a capacity of up to one gigawatt, at Murum Dam in Sarawak.

AIZO to play a crucial role in supporting infrastructure, including the construction of a floating solar farm?.......Hmmmm, everything is possible, isn't it?

Total acquired units: 277,850,000 at an estimated price of Rs. 0.1565 per share.

Will the Executive Chairman buy more to boost his stake?

Owning a great company with great future prospects at a good price is an opportunity that should not be ignored.

From what I can tell, the fourth quarter of 2024 is starting off well and will continue into 2025.

The next private placement to fix the price of the remaining tranches will be much more expensive compared to the first and second tranches.

How do SPV benefit LPs?

Greater access to investmen: SPVs allow individuals to pool their capital and invest smaller amounts.

Direct investments typically have higher minimum investment amounts. 

Better options: LPs often choose funds based on the GP managing it and the investment thesis governing the fund, but don’t have any say on what investments are made by the GP.

SPV let every individual know what each investment is – which means no LP has to be a part of an investment they aren’t interested in. 

What is the benefit of investing in an SPV as an investor? 

SPV become beneficial to investors when an LP wants to invest in one specific company, or a General Partner (GP) comes across a promising investment while they don’t have a fund at their disposal.

As with traditional venture funds, SPV charge management fees and carried interest. SPV however, call all capital upfront instead of on different occasions throughout the lifecycle of the fund.

How do SPVs work?

Once an SPV has finished raising capital, it makes a single investment in a start-up, sending a single fund transfer to the company they’re investing in.

The LP is an investor in the SPV, and the SPV is an investor in the company.

"Aizo MOU with Netrunner, a Special Purpose Vehicle focused on attracting investments for a state-of-the- art data centres park in Sarawak, Park".

What is an SPV limited company?

SPV is a legal entity created to allow investors to pool their money together to invest in a single company.

When an Limited Private (LP) invests in an SPV they become a “member” of the SPV. The LP invests capital in the SPV, for which they get a percentage of membership interest.

Premier of Sarawak arrived in Abu Dhabi, yesterday, marking the start of his four-day official working visit there.

Today, Abang Johari is scheduled to visit Masdar City, a solar-powered urban development located about 30km from Abu Dhabi.

Following the city tour, he will witness the signing of a memorandum of understanding (MoU) between the Sarawak Energy Bhd, Abu Dhabi Future Energy Company, and Gentari (Petronas).

This strategic partnership will focus on exploring the potential for developing the world’s largest floating solar photovoltaic (PV) project, with a capacity of up to one gigawatt, at Murum Dam in Sarawak.

The Premier will conclude his visit with a meeting with Mubadala Energy’s executive team, led by the chief executive officer and managing director Sheikh Mansoor Mohamed Al Hamed.

Their discussions will cover the Sarawak Gas Roadmap and potential investment opportunities for Mubadala Energy in Sarawak.

Financial Quarter Jul-Sep'24 to be announced on 28/11/24
Jobs that are currently in progress during this quarter.

A). Civil Engineering
1. Project Period: 1 January 2024 - 31 December 2026 with Contract Value: Rm 230,000,000.00
2. Period: 1 July 2024 - 31 March 2026 with Contract Value: Rm 16,100,000.00
3. Period: 29 July 2024 – 13 June 2027 with Contract Value: Rm 36,786,981.01
4. Period: 26 August 2024 - 25 August 2025 with Contract Value: RM14.550,000.00
5. Project Period: 28 June 2024 - 28 September 2024 with Contract Value: Rm 4,050,000.00 completed recently.

B). Financial technologies
On 4 July 2024, BNM vide its letter had resolved to approve the issuance of Class B remittance licence under the Money Services Business Act 2011 to Uniqa.

C). Bituminous products
Production have increased its total production capacity by 400MT per month to 1,000MT per month. The increase in total production capacity will enable Aizo to ride on the growing demand from the construction sector.
This will undoubtedly unlock a new revenue driver for the Group.

D). Renewable Energy
The Group’s power unit, Coral Power Sdn Bhd operates, owns and manages a 9.99 Mwac capacity solar plant located in Manjung, Perak.
The solar plant is expected to generate approximately 22GWh of clean and renewable energy.

Will this financial quarter be better compared the previous quarter?

I would personally say it will be a good financial quarter for Aizo under Abang and the best is yet to come. Remember folks, Rome wasn't built in one day.

Knowing the potential to turn Aizo around, Abang will not be the only person acquiring more.

His group or gang, which has something in common with Azio's endeavor, will definitely buy slowly but surely and increase their holdings gradually.

Total acquired: 277,850,000 units
Estimated total cost: Rm 43,485,750.00
Estimated buying at Rm 0.1565 per share

Substantial shareholder After the Proposed Private Placement and, After conversion / exercise of
all convertible securities: Abang direct holding of 272,000,000 units will be diluted to 10.56%.

Will he buy more directly or indirectly?

Hence the approved and ongoing tranches of private placement are indicating that the selected investors are enthusiastic about Azio's future endeavor.

So folk, if you’re the Executive Chairman of Azio considering raising money via a private placement, first make sure you have a solid business plan that provides a strong case on why institutions would want to invest in your business:

1. What is it about your company that is unique and sets you apart from the competition?

2. How will you grow profits consistently over the long term, year in and year out?

3. Have you and your partners invested your own money in the company? In other words, do you have some “skin in the game”?

4. Do they have experience in growing similar businesses in your industry and providing a solid return for owners and investors?

5. What about your industry? Is it on the rise (think social media or green technologies) or in decline, such as travel agents and film manufacturers, which have virtually been replaced by the Internet and digital technologies?

6. As RE capacity is set to continue its upward trajectory over the next five years, what is your future action plan? Can you find enough land for your project? Do you have the resources?

7. Do you have good rapport with shareholders, government regulators, business partners, suppliers, and customers?

There you go folk!

There are several advantages to using private placements to raise finance for business. They:

• allow Azio to choose their own investors – this increases the chances of Azio having freindly investors with similar objectives and means investors may be able to provide business advice and assistance, as well as funding.

• allow Azio to make a return on the investment over a longer time period as private placement investors will be prepared to be more patient than other investors, such as venture capitalists.

Folk, a business obtaining investment through private placement is also not required to give up a seat on the board of directors or a management position to the group of selected investors.

Instead, control over business operations and financial management remains with the owner.

Folk, issuing private placement isn't always that bad too.

When a company issues new stock, it is usually in a positive light, to raise money for expansion or investment capital to fund large projects and new ventures.

The bottom line, the motivation for raising additional funds may be an outstanding opportunity for rapid growth.

The private placement can help the company make the most of it.

As a result, the eventual extra profits realized from the company's expansion may push its stock price substantially higher.

Therefore folk, by issuing additional stock for sale, shareholders' ownership in the company is reduced, or diluted when these new shares are issued.

That may lead shareholders to believe their value in the company is decreasing.

But on the positive side, Abang with a large chunk of stock of +-15% and who is still actively acquiring more through the open market can often take advantage of shareholders that own a diluted smaller portion of the company after the private placement.

Folk, share dilution happens when a company issues additional stock for sale to few selected individuals or corporate entity, or to a small group of chosen investors to raise funding, relatively quickly and easily, the capital needed to grow and advance their businesses.

Chosen or selected investors typically involved in private placement issues are either institutional investors, such as banks and pension funds, or high-net-worth individuals such as close personal friends of a director.

Bursa Securities had, vide its letter dated 19 September 2024, approved the listing of and quotation for up to 234,072,000 new ordinary shares for Private Placement.

Private placement of shares refers to the sale of company shares to the investors and institutions selected by the company, also called accredited investors.

Accredited investors include:
Financial institutions
Private business development companies
Directors, executives, or partners of the firm
Individuals with a net worth of more than $1 million, excluding the value of their primary residence.

I do believe the private placement will to go the right friendly investors & Abg would also increase his stakes in due time.

Personally I do believe Azio will shine soon in the good hand of Abang as the Captain.

So a director buying on market is usually a fantastic sign that they're backing their own horse and following their words with money but its a different scenario for Abg as his interest has been diluted due to the PP.

The big Q now will he buy more to increase his stakes in Azio above 16.828 % or he just happy with what he has?

Remember folk after the second tranche of private placement there are still 162,684,500 units pending to be issued for the private placement.

As such Abang shareholding in Azio will definitely be diluted further.

There you go, folk!

EC Abang interest in Azio.

Dated: 11 Jan 2024 Direct Interest 272,000,000 16.828%

Dated: 29 Oct 2024 Direct Interest 276,500,000 14.896%

Executive Chairman interest diluted by 1.932% because of the latest second tranche private placement dated 28 Oct 2024.

No. of SIS Option available to be granted and approved in the previous meeting 38,369,117 units.

So folk, will that SIS be enough for him or will he buy more in the open market to increase his shareholding in Azio?

1. Prasarana Malaysia Berhad tender: Design, Supply, Install, Testing, Commissioning, Operation & Maintenance of Solar Photovoltaic (PV) Systems for Prasarana Malaysia Berhad. The tender closed on 28 October 2024.

Open to Bumiputera companies and investors in the solar Photovoltaic (PV) industry, as well as Government-Linked Companies (GLCs) or their subsidiaries, with a minimum paid-up capital of RM 1 million, and experience in project development, financing, installation, and operation of solar systems.

2. Sarawak Energy Berhad Malaysia has Released a tender for Supply, Delivery, Installation, Testing And Commissioning Of Solar Battery At Solar Hybrid Power Stations. The tender closed on 30 October 2024.

Folk acquisition of shares in open market by Executive Chairman:

27/10 acquired 2,000,000 units at Rm0.144
28/10 acquired 2,500,000 units at Rm0.145
29/10 to be known on the 30/10 if there any.

Yes folk, November will be an interesting month for Azio.

Folk with the mega project like Sarawak Data Center Park in the pocket, next will the the mega Floating Solar Farm projects.

Solar Energy Tenders Pending Announcement:

1. Sarawak Energy Tender- Request for Proposal for Front End Engineering Works for the Expansion of 160MW Floating Solar at Batang Ai. Tender closed on 31 July 2024.

2. Ministry of Energy Transition and Water Transformation for LSS-Energy Transition SuRiA - LSS5 5. Tender closed on 25 July 2024.

November will be an interesting month for Azio.

Why would a Chairman buy his own company’s stock?

A Chairman may buy his own company’s stock for several reasons. Firstly, it can be a sign of confidence in the company’s future performance.

By purchasing shares, the Chairman is showing that they believe the stock is undervalued and has the potential to increase in value.

Additionally, buying stock can be a way for the Chairman to align their interests with the shareholders and demonstrate their commitment to the company’s success.

Furthermore, buying can also be a way for the Chairman to take advantage of potential undervaluation in the market.

If the Chairman believes that the stock is currently trading at a lower price than its true value, he may see an opportunity to buy and make a profit in the long run.

Lastly, buying stock can be a strategic move for the Chairman to gain control or increase influence within the company folk!

Folk, private placements are typically offered to accredited investors, such as high net worth individuals or institutions to allow Azio to raise capital quickly and efficiently, without the time-consuming.

Azio can choose their investors carefully and negotiate the terms of their private placement offerings to maintain control over their operations and strategic direction.

Private placement too can also help Azio avoid the influence of activist investors or other external forces that may seek to influence their decision-making processes.

Folk, AIZO has proposed to undertake private placement of up to 10% of the company’s total issued shares or up to 178,469,000 new shares.

The first tranche of the private placement involved the issuance of 26,770,300 placement shares priced at RM0.125 each which were listed on Bursa Malaysia on October 11, 2024

The second tranche of its private placement of 44,617,200 shares at RM0.122 per placement share were listed 0n 29 Oct 2024.

Folk for the balance of the private placement shares, the issue price per share which will be fixed at a later date would definitely be much higher than the first and second tranches as the share price move up higher in November 2024.

There you go folk!

Folk, November will be the active month for Azio shares. LSS5 winners announcement, Sarawak Energy tender and the quarter financial earning report.

As stated in Azio Annual Report 2024: Malaysia’s Energy Commission has recently announced the opening of the fifth Large Scale Solar competitive bidding process, known as ‘LSS-Peralihan Tenaga SuRia’ or ‘LSS PETRA’.

It is pertinent to note that LSS5 stipulates the minimum Bumiputera and local Malaysian equity requirements, reflecting the Government’s intention to increase local participation in the RE sector.

Towards this end, the Group, confident in our competitive pricing, is working diligently to secure another large-scale solar award from the Energy Commission, reinforcing our commitment to sustainable growth and environmental stewardship

Folk, LSS5, also known as LSS-Energy Transition SuRiA, has the largest allocation to date with 2gw or 2,000mw up for grabs.

There are four packages under LSS5. The biggest is Package 3 — which carries 1,000mw and parties can propose to build anywhere from a 30mw plant up to a 500mw one. There are four packages available under LSS5 with project capacity ranging between 1MW-500MW each.

Three out of the four packages are for rooftop or ground-mounted solar projects with an aggregate quota of 1.5GW.

The fourth package is for floating solar projects with a total quota of 500MW. The tender requires minimum Bumiputera or local Malaysian equity requirements to increase local participation in the RE industry.

If the government announces the [winners of the] LSS5 projects soon, it will be a boon for the industry as players can take advantage of the low solar panel price and a stronger ringgit against the US dollar.

The drop in solar panel prices has also been attributed to Chinese manufacturers throwing prices as they cease operations due to oversupply. They are selling lower than market prices to clear their stocks.

https://theedgemalaysia.com/node/729472

7. Signaling a positive outlook: Buying stock can be seen as a vote of confidence in the company’s current performance and future prospects. It demonstrates that the EC has a positive outlook on the business and believes it is undervalued by the market.

8. Capitalizing on insider knowledge: Directors often have access to non-public information about the company’s performance and future plans. By purchasing stock, they can take advantage of this knowledge to make a profitable investment.

There you go, folk!

Folk, there are several reasons why a Chairman (EC) would buy his own stock.

1. Confidence in the company: When an EC purchases his own stock, it shows that he has confidence in the company’s ability to perform well in the market. This can be seen as a vote of confidence in the company’s business model, management team, and future growth prospects.

2. Alignment of interests: By investing in his own company, the EC aligns his own interests with those of the shareholders. This can signal to investors that the EC is committed to increasing shareholder value and is not simply looking to cash out.

3. Undervalued stock: If the EC believes that the company’s stock is undervalued, he may choose to purchase shares in order to take advantage of the potential for future growth. This can be seen as a bullish signal by other investors and may lead to increased confidence in the stock.

4. Signaling effect: When an EC buys his own stock, it can send a positive signal to other investors. This can create a positive feedback loop, as other investors may interpret the EC’s purchase as a sign that they should also invest in the company.

5. Long-term investment: Finally, an EC may choose to buy his own stock as a long-term investment strategy. By purchasing shares in his own company, the EC is effectively doubling down on his belief in the company’s potential for long-term growth. This can be seen as a positive signal by other investors and may lead to increased demand for the stock.

6. Defending against hostile takeovers: By buying a significant amount of their company’s stock, CEOs can increase their ownership stake and make it more difficult for potential acquirers to gain control. This can help protect the company from hostile takeovers and ensure its long-term independence.

So folk, when chief executives buy their own companies’ shares, it’s often worth considering the stock.

Folk, an Executive Chairman (EC) buying his own company’s stock can have a positive impact on other shareholders.

When an EC purchases stock, it signals confidence in the company’s future prospects. This can help to boost investor confidence and attract more investment in the company, leading to an increase in the stock price.

Additionally, when the EC owns a significant amount of company stock, he has a vested interest in seeing the stock price rise, which aligns his interests with those of the other shareholders as this would increase their wealth.

This can create a sense of alignment between the EC and the shareholders and help to build trust and loyalty among investors.

Finally, buying stock can also be a way for the EC to take advantage of potential undervaluation in the market.

If the EC believes that the stock is currently trading at a lower price than its true value, he may see an opportunity to buy and make a profit in the long run.

Azio Annual Report 2024 Management Discussion & Analysis on Renewable Energy Way Forward:

The Group is committed to continuing its exploration and expansion in this vital sector, aligning our business practices with global environmental goals and contributing to a greener future for all.

Malaysia’s Energy Commission has recently announced the opening of the fifth Large Scale Solar competitive bidding process, known as ‘LSS-Peralihan Tenaga SuRia’ or ‘LSS PETRA’.

It is pertinent to note that LSS5 stipulates the minimum Bumiputera and local Malaysian equity requirements, reflecting the Government’s intention to increase local participation in the RE sector.

Towards this end, the Group, confident in our competitive pricing, is working diligently to secure another large-scale solar award from the Energy Commission, reinforcing our commitment to sustainable growth and environmental stewardship.

Folk, investors who buy the dip are looking to purchase a stock only when it has fallen from its recent peak. They assume that the price decline is temporary or a short-term aberration, and that the dip is an opportunity to buy shares at a bargain price.

Dip buyers generally are looking to build a larger position in a stock, and use temporary price declines—aka “dips” in the share price to increase their holdings.

Yes folk, I'm in the queue at 0.13 & 0.12 sen. Finger crossed.

Hong Leong Investment Bank research estimates that solar engineering, procurement, construction and commissioning jobs from Large Scale Solar 5 (LSS5) alone will hit RM7 billion.

Folks, the Energy Commission said interested parties must meet the criteria outlined in the Request for Proposal: must be an experienced companies and consortiums involved in energy generation projects, including project financing and power plant operations.