Oil in June is no longer in Contango, it is now in backwardation------Basically it means Oil price
is more expensive if you want to buy today ( in a nut shell----shortage of Oil due lack of drilling )

Maybe a temporary spike to 190 is possible bcos nearly All Oil major Co are cutting back on
Drilling. Two catalyst will support massive Oil spike. 1) Covid Vaccine by October ---almost certain
atleast 2 pharma will able to do it ( 10 pharma are rushing to put one on the market in 2021 )
2) Drug(s) that will cut down Covid spreading rapidly in Human Body----Spain has a steroid drug
that can cut down 30%----Russian just announce they are distributing a Drug to local Hospital( efficacy unknown----but Russian Scientists are second to none in the World )
3) China has reconfirmed buying $200 billion USA farms + Aero space + Auto parts "within 2 years"
This is a major boost to US economy

Tapis and Nigeria "Bonny Light" are premium Oil. Price sit on Top of Brent. But both only accounts
less than 2% of World consumption. When Brent falls, normally Tapis collapsed like Current
Covid Economy-----Example: who got money to Buy BMW 7000 when Perodua also no
Demand

https://finance.yahoo.com/news/oil-resumes-weekly-rally-signs-221520791.html

https://finance.yahoo.com/news/oil-resumes-weekly-rally-signs-221520791.html

next week, rally in first gear

someone just bought 3mil shares at 0.910---last min ( after 4:50pm ). This is a Beat-up price to Buy large Volume. Who can it be? Mr Ang?

Oil price (up /down) is Not the doing of Sap's BOD. I just bet on Sap's stock market ( everything
is reflected into stock price ) When Sap was RM4, management was Same. nobody complaints

Brent 42.27 Up 0.76

https://oilprice.com/Alternative-Energy/Renewable-Energy/IEA-Unveils-3-Trillion-Covid-19-Clean-Energy-Recovery-Plan.html

IEA & IMF will pump $3 Trillion in next 3 years to support world economy. Clean Energy should
include LNG which is Good for Sap in medium term ( 1-2 years )

Gasoline demand in USA will jump due to Summer driving. Trump has subsidised about $1000--
3000 from each family for summer vacation and continue Shale Rigs closing will support jump in Crude price.

don't know who is selling?? If foreign fund, then it is nut-cracker pain for local boys. Below 13,
local boys margin cut will step-in. You can position yourself at the highest point on a Durian tree,
or wait at the bottom for Durian runtuh (helmet On )

From Trump's recommendation and Australia scientist discovery that Dog Flea spray kill / eliminate
Covid Virus---I have come out a remedy to cure Covid for Good. Listen up the receipt is
1) Lemon favoured Clorox ( Half Tea Spoon )
2) 2 slice of fresh Lemon.
3) 2 shots of Mexican Tequila
4) One Cup of Pineapple juice

lanesra, you are talking about aax!----I don't control aax anymore( 3years back) Cannot pick a fight
with 4 biggest Bank in Malaysia (all issuing Call warrant )

How can i talk to Tony( AA )? He no longer owed me Lunch money. Wait for AA Qr result and see
whether can hit 50cents or Not..

Still Consolidating. Worst case scenario is Friday the 13th------Hit RM13 (grab yr. slippery and run like hell ). Directors are benefiting like no-tomolo----RM6.10 exchange for RM15.88

It is the Underwriter job to push up the price to Sell RI. Ikan Bilis just sit back and enjoy your
kaw-kaw Coffee

Top Glove can only increase profit by "Charging More"...Increase Revenue, no way. You cannot
ask a "Rubber Tree to produce more latex like a machine"----It takes 8 years for a Rubber Tree
to produce latex---. This a temporary phenomenon for TopGlove----just enjoy
the moment ) I am taking profit everytime a peak is reached

I cannot see anything replacing Oil in next 100years-----Batteries do not have the Calorific Value
to move Airplane, SeaGoing Mega Ship or even heavy Lorries. Lithium is mined in 2 areas in This
World-----Oil is everywhere. Actually there are more Oil produced than consumed.
Top-of- Line Tesla cost 2.8mil but Luxury BMW 700 series cost 1.2 mil. By comparison, Tesla is
just a Toy

At 13 cents Sap can stand up and walk to 17 cents but now just ding-dong around 10-11 cents.
If you can hold for 3--4 months, this is a sure win horse bcos China Oil consumption will return
to 92% pre-Covid level

Trading conditions is good this week. Jaks should return to 1.03 where it left after RI

Check above Tp give by Bankers in 2019-----highest is 2.70----should hit RM3 end year (or tomolo
hahahaha)

Although No. of shares (free float) is around 8Bil (heavy weight), PNB + 30 major sharesholder had
cornered about 75%( as annual report said)----Give or take about 1 Bil is swimming around plus
portion unloaded by EPF.-----Without EPF and Bankers taking a part of the free float, ikan bilis +
contra players are always slip / sliding along the path.
However as Oil price improves, syndicate and margin holders might move in next week. These 2
heavy weight might send price ringing at 50 cents

https://www.malaysiakini.com/news/528982

Same smuggling Rat rat holes used by illegal Cig

BAT is used to make 60% net profit. Ask management to make 10% profit, it very difficult to convince them to even start thinking. Usually main concern is Cheap Brand will cannibalise their
Premium Brand market share----But we known it is not true, BAT Premium Brand market share
already canniblised by illegal Cig.

Illegal Cig packing is same as BAT, workers shortages are same, Machinery are same, Delivery
Van are same----everything is same except Tobacco Leaves. And profit margin is a few hundred percent lower. So why management don't go for extreme cheap brand?------Big Chicken, Don't eat small Rice ( all i can say )

Just in BAT's Rothmans price per 20Cig is RM12.40 (cheap brands). However Rothmans was launched in Sept 2017 @ RM12 / 20Cig And BAT was trading At RM37

Sad things was, I found Bangla selling unknown Brand Cig at RM5.0---5.50 ( I am quite sure, it
came from Local Manufacturer without paying Taxes )

I asked my worker to try it bcos i am afraid i might get Cancer from it. Taste wise it is Flat, nothing
close to BAT Rothmans Brand-----My conclusion remain the same, BAT should create New Brand
and Sell Cheap. Local manufacturer of Cheap Brand must have sourced Tobacco leaves from Kelantan area to cut cost------Cannot beat them, just join the Party

Dow opens with 700pts gain----Oil jumps $2---And Trump was dancing on white House Roof
celebrating 2.5mil Americans hired / got jobs in June

Come Monday, Bursa will be Celebrating with 5% gain

It is very obvious 100% tax exemption for local Cars are to jack-up Proton profit margin bcos
Proton import most of their New Model parts(X 70) from China. (almost 100% Bumi Vendors) Also to please Umno Pahang, 50% import duties Cut will benefit Mercedes Pekan, Pahang.

Somehow Lucky Bauto Madza caught most of silver/Gold Coins too. With such a Good Dividend
payout policy, most IB will Not mind 2 months MCO losses----It will cover back by year-end.

Just look at EPF buyings, 2 weeks ago I thought EPF purchasing manager has too much Whiskey
somehow he already Knew what is going to happen.

https://oilprice.com/Latest-Energy-News/World-News/Russias-Energy-Minister-Sees-Shortage-In-Oil-Market-Next-Month.html

Buy before another Rally coming-----Russian Oil Minister said Oil shortage in July

https://oilprice.com/Latest-Energy-News/World-News/Russias-Energy-Minister-Sees-Shortage-In-Oil-Market-Next-Month.html

Russian Oil Minister is Shortage in July-----Buy before another Rally

I kind understand illegal Cig. market share during MCO----zero. Most of my workers in Port Klang area cannot leave free Trade Zone so they asked my Driver to go around Klang and also KL to buy
"cheap Cig"---there is none.
3--4week ago, a Tobacco factory in Nilai started operation again (i heard it belong to politician Fat Lady-------don't think pay any taxes( was closed down 2yrs ago )

Cheap Cig is sell at RM48 / 10 packs now----Buy a pack will cost 5.50++----And this price is Not
very Cheap compare to BAT's Rothmans ( haven't find out "actual price" yet )

I think overall BAT profit margin is Hit by " non-tax paying illegal factories in Malaysia & and Illegal
Cig from Indo. However things will Change very soon, PN got no money left, illegal Cig factories in Malaysia has to pay taxes-----this will level the playing Field

The only way to compete with illegal Cig is Cheaper brand and lower Taxes( quite hard to come by)
Illegal Cig is Not without cost. Only advantages is Cheaper Labor cost, everythings is the same.
Cost of Tobacco leaves, carton box, Bopp film-wrapping, filters & wrapping paper are no much
different in Malaysia and Indonesia.

Illegal Cig cost----Shipping cost to Malaysia + local taxes(Indo) + Mal distributors + Invisible Hand
Custom Clearance Cost

BAT Cig cost-----production Cost ( including Tobacco leaves ), Distribution Cost + Plus Malaysia
Taxes( Big, Big Item )

So if you really look at Cost comparison, BAT has only one way Out---create Cheaper Brand---CUT
quality and Sell Cheap (strictly for low-end products----however profit margin for Low-end is not Good......It tends to outstrip BAT Labour Requirement ( another Big Headache )

Waiting for Jaks to return back to 1.03. Then only can challenge 1.15----

Read the Awarded Contract, Basically it is "Replacement, Rejuvenation and Decommission of
existing pipe-line.( not commissioning of NEW pipline )----These are Hard Time projects, delay and
cost saving and removing Old asets( must be done anyway, better do it during Bad times ) Oil
price has No impact on these projects ( 3 Bankers never said bcos they had Shorted Down )

The speed of these 3 clowns issued TP ( Public Bank / Kenanga /AmInvest )indicate they had Sold.
Not even OPEC+ knew in advance where Oil price is going to be in 2021, these 3 clowns already
foresaw "Low price"----Same clowns also gave SAP, RM4.00 a few years Back ( goreng time--mah

man-yak susah to play with 100% ikan bilis. Yesterday Buy, today 100% Sell Back

Basically Velesto operate by Ikan Bilis Now!! ( buy / sell Big Vol) 90% of IB had sold i.e. Bankers gave very, very low Tp. But as Oil keep moving Up, Big banker, Institution players will move in. They are the one who push Velesto from 0.30 to 0.44 cents ( now up down 1-2 cents )

merger also means Tony got to open AA real Book----I think talk only (market is very confused now)

merger means cutting staff and discontinue not profitable routes----long discussions that might
takes many, many months. By that time covid disappears and everythings return back to normal
in 1 year time.

roger123 wants to try pisang gajah again. Becareful Botak might need to use his head to feel the
hole and might be very confused bcos too many echo inside

Opec+ meeting is in thurs (4 June)---2 more days of rally----will breach 20cents

Even Dso ran out of steam ( others Rally stocks also resting )----Jaks has consolidated 30% in 4 days without dilution of shares---Just Fear----Next Leg Up coming this week

https://oilprice.com/Energy/Oil-Prices/This-Could-Be-The-Beginning-Of-A-Tremendous-Oil-Rally.html

Shale is coming to a End come December 2020 if you believe above 40years Old experience Oilman author. Velesto jack-up Rigs will Run 100% in 2021. Oil Hits $100 due to lack of investment
during Covid period

https://oilprice.com/Energy/Oil-Prices/This-Could-Be-The-Beginning-Of-A-Tremendous-Oil-Rally.html

If you believe this 40years experience Oil Man (as above). Sap maybe in for a massive Rally
year End----Shale Oil will be Dead by year end( Bankruptcy already announced by Big Shale Co.)
Investor will shift to DeepWater Well but investment was delayed by Covid so Oil jumps to $100

I have a feeling alot HongKong based Biz will be moving (planning )to Malaysia and Indonesia by
3Qr. HongKong without special privilege and China Hit by Tariff just Kill all advantages HK has
over ASEAN countries ( supply chain broken ----becos USA custom check All component Origin )

1st Qr profit 6mil----2nd Qr profit 10mil----3Qr should return back to 15mil

Brent 37.84 sat.-----Will arrive 39 on Monday 10am Asia Trade

Hung Parliament----catch news on Malaysiakini. Everything revert back Pakatan. Good for Dnex

HUNG PARLIMENT ----catch news in MalaysiaKini---For me Very, Very Good News

JJ means JJ Mortier Cognac---one of my favorite Cognac. From 18--30K a bottle depending when
you bought.

Your backside very itchy meh. Want to try "pisang Gajah "