If additional tariffs by Trump on China are put in place on Dec. 15, then there will be another severe sell-off.

Careful now, folks!

U.S. equities slid on Tuesday after President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election.

Careful now, folks!

Lol

Just like FGV result: attributed the loss for the quarter to impairments amounting to RM304 million...so those investing in Velesto, careful nowwwww..hmmmm

Will the impairment losses on property, plant and equipment be the reasons dragging down velesto from making a good results? Hmmmmm..careful now, folks!

3Q19 lower profit largely due to impairment losses of property, plant and equipment? Hmmmmm..careful now, folks!

Careful now, folks! Risk come not knowing when to sell. Lower than expected for 3Q results?

Will there be an impairment loss for this coming 3Q? Careful now folks as investors are still bearish on velesto even after announcing new job secured.

Asb disposed 1.4 mil on 13/11/19 while Epf 9.12mil on 12/11/19...pump & dump strategy locking in profits.

Careful now, folks!

ASB now actively selling in the open market......5.7mil on 11/11/19 & 9.5 mil on 12/11/10 while EPF trading actively (pump & dump) protecting and preserving the profits already made.

What about you, folks? Careful now.

Risk comes from not knowing what you're doing..careful now, folks!

Hmmmmmm..careful now folks as critical support level at 0.350 can easily be broken if there is an impairment loss for this upcoming 3QR.

Careful now, folks!

Another impairment for this coming 3Q? Hmmm..careful now, folks!

Lol...careful now, folks!

Before right issue total number of share issued 2.162b & with current developments, velesto shud be trading at $1.600.

But now with share issued at 8.216b & with current developments 40 cents is good selling price. Careful now, folks.

Earlier on Thursday, signs were pointing toward a first-phase deal that would include a tariff rollback. China’s Ministry of Commerce spokesman Gao Feng said negotiators had discussions and “agreed to remove the additional tariffs in phases as progress is made on the agreement.”

And now Trump made clear Friday that the U.S. hasn’t yet reached an agreement and emphasized that he wouldn’t eliminate all tariffs.

Careful now, folks!

Lol

All the best, folks!

Quotes: Buy with your head, not your heart (emotion)

TP: 0.43 – TA
TP: 0.40 – Rakuten
TP: 0.40 – Kenanga
TP: 0.46 – Aminvest
TP: 0.38 – Affin Hwang
TP: 0.50 & abv - Shot-term investors

Greed vs Reality. Careful now, folks!

Is the US economy nearing a recession? Financial markets are flashing a key warning sign of recession, & the global economy is weakening as a result of the U.S - China trade war which appears to have discouraged many businesses from expanding & investing. If there is one (recession) anytime soon, it's hard to tell how long & deep it will be. So be extra careful folks.

Yesterday disposed 450000 units at 0.400 & balance 50000 units at 0.405.....since there will be no dividend from this counter so time to take profit….average buying price 0.264..Tq Velesto.

Doom for this counter. Slowly & surely going to be the next PN17 member. Careful now folks!

At present, six out of the seven jack-up drilling rigs owned by the Group are working while one is being prepared to be mobilised for the recently awarded long term contracts, expected to commence in early September 2019.

Hmmmm...recently awarded...another project officially to be announced soon?

Seem like EPF still have good appetite for more shares. Potential of a new job in the pipeline & a positive 2Q19 in the making? Hmmmm

EPF starting to sell slowly & surely soon? Time will tell......hmmmmmm

Remember folks, buy on weakness.

Since it’s an open secret that Velesto will be awarded new contracts in the coming months, the share price will be more on the uptrend due to the bullish supply & demand factors.

With the announcements of new contracts, the big boys will easily push the share price even higher.

By the time the investment houses made their recommendations, the big boys will be selling slowly & surely while buying some to biff up the share prices.

To those sideliners at which level do you want to buy as the higher the price the higher risk to profit.

Heheheheh..

Lol

PNB selling to flushed out weak holders while EPF taking this opportunity to collect more.

Reason because more charter announcements in the coming months as Velesto capitalises on Petronas’ drilling programs for 2019. “Overall, with an improving outlook over the next 12-months, any short-term weakness in share price is an opportunity to accumulate,” said Maybank IB Research which pegged a ‘buy’ call on the stock.

For those still sceptical, have you ever wonder why are the big boys buying? Hehehehe..

To those who are sceptical, no worries. Just enjoy the show. Heheheheh..

With a more stable world stock markets sentiment, high crude oil prices & a stable Malaysian economy are all positive signs for KLSE.

An announcement of new contract in this market situations will be the game changer.

Remember folks, don't waste time waiting for recommendations from investment banks. By the time the recommendations published, the share prices will be high so yr risk to buy will be high too cos have to sell higher.

Great things happen to those who listen & believe.

Heheheheh..

Good things happen to those who wait; better things happen to those who act.

Wait for a good price like yesterday & act like a savvy early bird acquiring slowly & surely.

By the time recomendations by banks r out, u will be laughing all the way to the bank by selling slowly & surely. Heheheheheh..

Be a savvy investor..Buy low sell higher...low risk.

Don't be a greedy investor..Buy high sell higher..high risk buying after bank recommendations.

Hehehehe..

The problems with Investment Banks, their recommendations for the new TPs for some companies are only made after the announcements.

By that time the prices of their recommendation companies published the prices are already high. So buying high prices based on their recommendations means high risks cos u need to sell higher.

Savvy individual investors & the big funds knowing the potential of the companies would take every bearish sentiment to add slowly & surely more to their portfolios.

By the time announcements are made & recommendations published, the early birds savvy investors & the big guns will be the one slowly & surely selling more while buying less in order to biff up the price higher.

So folks, which side of the scenario do u want to be in. Hehehe…

LOL

LOL

Bonus? Possible..Hehehehe

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5857161

Posted by JJchan > Mar 23, 2019 6:15 PM | Report Abuse
I didn't see Award of Frontier oil Corporation ( US19.2mill) in 4Q18 financial so 1Q19 should
include a extra ordinary Gain around RM 68million ( including legal cost +++)

Again, a weaker utilisation anticipated in 1Q19 as only 4 rigs r workings amidst monsoon season. Meaning current prices had factored in the 1Q19 results.

As such with the announcements new contracts plus a weak anticipated 1Q19 results in the 2Q19, which way do u think the share price will go!

Remember folks, by the time the announcements on new contracts are official, the 2Q19 & 3Q19 anticipated results will be factored in the share prices. So will the early birds benefitted buying on bearish sentiments? Hehehehehe..

Naga 6 is currently undergoing special periodical survey (SPS), a maintenance check up every 5yrs which usually takes 1-2mths. Naga 2 & 5 will be sent for SPS in March. As such a weaker utilisation anticipated in 1Q19 as only 4 rigs r workings amidst monsoon season.

Saying that while the 4 rigs have expired in January 2019, these rigs have verbally secured redeployment in 2Q19 just pending official announcements sometime to be out in the 2Q19.

By the time the news on the rigs are out, you will regrets of not buying during the correction times.

So buy on rumor (an open secret on new contracts) & sell on news. But if the news is much better than forecast, this will sends the price higher still. Then the early birds are positioned to make even better profits.

If the news fails to match expectations, still the early birds will still make some profits. Hehehehehe..

Ok folks, the decision to sell or buy is yours. Happy Investing Folks

To those O & G investors this is an open secret: https://www.thestartv.com/v/petronas-rigs-in-malaysian-waters-to-increase

Hahahahaha..

O & G counters on sale now after the recent uptrend. Most investors are taking this bearish market sentiments locking in for some profits. Remember folks, after Petronas announcement on CAPEX, the fundamental for O&G still intact. Would u buy more O & G counters? The big funds are. Would u? Hahahahah..

Critical support level for yr stock now is at 0.275. Once broken will open opportunity for continuous sale for this counter...….Will it happen? Time will be the judge to that. Hahahaha..

Most important, it's impossible to predict when the economic crises will happen, but they are of course inevitable. Hahahaha

Innovation, productivity gains, entrepreneurial spirit & abundance of capital will certainly see the worth far more in the coming months.

Many companies, of course , will be fall behind & some will fail. But ask yrself this question. Will your counter be one of the failed company for year 2019? Hahahaha

In other words, don't fall victim to widespread panic & begin selling off stocks. Don't follow the herd mentality. Instead take this opportunity to buy....Hahahaha

During such a scary times, u should never forget two things:

1. widespread fear is yr freind as an investor, bcos it serves up bargain purchases.

2. personal fear is yr enemy

Let me motivate you guys today.....Hahahaha..

U wouldn't see that price on sale again. Opportunity now opened to those who believe Velesto will secure a few contracts in the coming months. Dare to buy low & sell high? Hahahahah..

Cheap sale folks...grab before its too late..hahaha