Why you don't see many American cars in Malaysia....
https://youtu.be/V6Qimcb6Wxs?si=aE5dGJT2rrTdPqr4

Bermaz and Peugeot parted ways - 'tis good as it's not a fit for BA strategy.
Peugeot is a very low profit and low margin marque and that's a drag to the momentum & resources of BAuto.
Kia will provide the electric range for the future and Mazda the ICE & hybrids as an alternative.
We will see whether the World is right about electric cars or the Japanese sleep walking to the future with ICE & hybrid cars. Whatever the case, Bermaz has both legs on the road...

Results of LayHong not so eggciting...
First half revenue this year less than last year!

This yr qtr3 results include extraordinary gain of RM28M from disposal of property....
that means own car sales not so great, only associates make more gains...

Japan (Daihatsu & Toyota included) are holding back as the world rushes into electric cars... Japan have their reasons to progress slowly and this stance may be on the wrong side of market trends...
Japan has problems with electricity supply for decades, but Malaysia do not.
Sarawak has the cheapest electricity rates and can even export electricity...
Unless Daihatsu make small electric cars for MBMR, we would be stuck in this petrol subsidy conundrum for ages...and imagine its boundless leakages that are simply unsustainable.

Results for total 3 qtrs (Jan-Sep) not so exciting…
2022 Rev RM 1.6 B, NProfit 246 M.
2023 Rev RM 1.7 B, NProfit 260 M.
Annual improvement of 6%, only to cover inflation…

TSC has only one good customer... Singapore!
With the current price ceiling on eggs, how are the local poultry players going to perform when feed prices go up? Where's the upside 3 months from now when the subsidy is withdrawn?
Ask your wife, have the designer egg prices changed in the past 6 months?

RHB...also no mention of egg exports to Hong Kong, fresh n cooked eggs?
Malaysia's export of eggs to Hong Kong has doubled since 2020?

RHB, ESG......no mention on solar PV investment every year since 2019 and its savings to the company’s electricity costs and contribution to the global environment conservation efforts?

https://theedgemalaysia.com/node/689989
Forex gain alone from 2015 to 2023 is 30%.
Good2give dividends quarterly for momentum...

https://theedgemalaysia.com/node/688825

In total, the Terengganu state-controlled group is required to pay RM275.93 million, a figure that nearly matches its entire market capitalization of RM293 million.

In 2019 report stated TS produced 4 M eggs from 24 farms.
In 2022 report still same 4 M eggs and same number of farms.
Where all the CapEx go???

I's called a 'green' loan if you secured a loan to refinance an existing loan...
.... (reduce, reuse and recycle)
.... if doesn't work, try rights issue

Decarbonising the World's Industries : The Next Frontier....to a low carbon future!

Synthetic Fuels to decarbonizing the Industries:
Once you have captured CO2 and with produced hydrogen, they can be used as feedstocks in a Fischer-Tropsch synthesis process. This synthesis is a well-established technology used to convert syngas (a mixture of CO and H2) into liquid hydrocarbons, such as synthetic diesel, gasoline and aviation fuels..... that can be used in existing combustion engines n transportation infrastructure without significant modification

Shorties dropped pants, cut positions by 10M shrs in 2 days...

Key Insights on BAB
Using the 2 Stage Free Cash Flow to Equity, Armada fair value estimate is RM0.87
Armada's RM0.53 share price signals that it might be 39% undervalued.
Our fair value estimate is 40% higher than analyst price target of RM0.62

Perhaps, it's time to start the gamestopping as shorties have reduced their positions by 11% over the past week.
Brent price will firm up further until end of year as Saudi n Russia continue squeezing oil supply....

Come September...Hurricane season starts in Florida

I gather that drilling of exploratory wells by Pexco NV in the Makassa Straits started some 12 years ago... Now is the time to firm up on the contracts whether it's going to be a Cost Recovery or a Gross Split-based production sharing contracts. The O&G companies are free to choose either. In the Cost recovery scheme, O&G companies will recoup their costs of exploration, development & operation out of gross production.

Pexco NV is the oil exploratory arm of AK.
Armada Etan is the oil extraction arm of AK.

https://www.ogj.com/home/article/17266698/indonesia-west-sulawesi-miocene-find-indicated

or Shorties' issues, or both??

Before Kraken shut-in on 2June,
Enquest shr price at 15.7p, Armada shr at 63.5sen.

Kraken at 90%, Enquest at 16.4p, Armada at 52 sen.
Today, Enquest shr at 17.2p, Armada at 54 sen.

Ask why no production issues at Enquest?
Ask why Armada, Malaysian shr prices n Malaysians so negative?
Analysts' issues??

quote...The Hong Leong research report still says 6 months downtime...
I heard a remark that the HLIB research team attended a 1-day programme at the School of Twists & Turns...

The not-so-cautious Mgt are the CGS-CIMB, HLIB, Apex that made the call on 2 June of a 6 mth shut-in of Kraken....

Cautious Mgt would state 90% though operating conditions have normalise...

What happens when US, UK & China borrowing costs go down?

Shorties are active as they off-load some 17% of their net positions.
Short positions on 3Jul was 55.5M has now reduced to 45.9M.
What are they going to do next? Just wait and watch...

In support of Brent at USD85/bbl...
It doesn't matter whether oil has a causal relationship to Armada, Hibiscus or Dialog...
as long as you do not hold Saprng that's already in its depths (debts?) like the Titan...
...correlation does not mean causation...
If you want to win (in Armada or in an election?), just quote a statistic...

Kraken issues already addressed and Mgt is confident that solution at hand...
No need to ponder, just move on...

Next picture: US Inflation is abating so is the USD...
Lower USD likely to translate to escalating oil & gold prices...

After State Elections, Malaysia to reduce fuel subsidy??

In support of USD85/bbl.....
⛽NATO stock fuel for more protracted conflict & migraine in Ukraine,
⛽Biden starts replenishment of US oil reserves (SPR) as US opens bidding for SPR purchase,
⛽Kiwis in NZ queue for fuel as discount come to an end,
⛽Nigerian motorists queue for petrol as fuel subsidy is abolished,
⛽Pakistan braces for fuel shortage of diesel from panic buying amid liquidity crisis.

The shorties have reduced their position by 8% over the past 3 days. Possibly another 2 weeks, they're likely to run out of breath... as their material risk compliance becomes more significant....

Zero Flaring initiative ZF20230 commits governments and oil companies to not routinely flare gas in any new oilfield development and end existing routine flaring by 2030 at the latest. Oil companies are now requiring their FPSOs to include closed flare systems, reinjection, the ability to use the gas for power generation or similar and are also penalising their FPSO providers to high levels of flaring through charter rate reductions.

From ChatGPT:
How an FPSO could contribute to carbon capture:
1. CO2 Capture: The FPSO can incorporate a CO2 capture system to separate carbon dioxide from the produced hydrocarbons, typically from the flue gas emitted during the combustion process of natural gas (gas is produced in an oil extraction process).
2. Compression: Once the CO2 is captured, it needs to be compressed for transportation and storage. The FPSO can be equipped with onboard compression facilities to increase the pressure of the captured CO2, making it suitable for transportation via pipelines or tankers. Navigator Gas LLC is a liquefied gas shipping company with a global market and the world's largest fleet of large, sophisticated gas shipping vessels.

It is imperative that FPSOs are upgraded to reduce their carbon footprint. The O&G authorities are measuring their carbon dioxide tonne per barrel of oil produced when sanctioning new fields, and thus potentially driving forward change.

This is long term but it is a plan.
We cannot ignore this transition to clean energy and also this world still relies heavily on oil and gas.

The oil tanker Ingrid Knutsen that has transported oil from Kraken FPSO 2 days ago is also docked at Scapa Flow. Scapa Flow, as an energy hub is also the largest natural deep-water harbour in the northern hemisphere where supertankers can also dock.

If got good production from Kraken, why worry so much about other minor issues.
This is not like Hibiscus-Dnex Anusuria FPSO riser issue that was down for a year in 2022.
Armada has the Mgt, funds and machinery to fix issues much faster....

Some posts are just like putting "spanner in the works"

Robert said Navigator has a questionable record (bankruptcy)...
Gabriel said Navigator has been profitable for the past 3 yrs...
A search can inform clearly that Wilbur Ross has acquired Navigator in 2012 after its bankruptcy in 2006.
WL Ross is a billionaire investor whose company focuses on investments in financially distressed companies with undervalued stocks... WL Ross also has interest in Maersk shipping....

I guess there is no free lunch....
All these Analysts reports are mostly on the BACK-ON-ENVELOP calculat-cutions (calculate executions for the shortie trades)...
So young... where got sufficient crystallised intelligence?
Admittedly, they certainly got a lot of fluid intelligence.
(fluid intelligence= free flowing and changing??)

CGS-CIMB n HLB analysts both made the same arbitrary estimate of 24 weeks downtime for Kraken FPSO.
Are they conspiring or collaborating? How did they conclude from their "analysis" of similar
downtime and effect on earnings?

Why no one crucify them? Instead you bash BA and also bash each other...

CGS-CIMB n HLB certainly need to make amends.
Now you can write to them the same way you write to Bursa....

Kraken now running at 60% after 3 weeks. Another 2 weeks can expect to be back to normal?
CGS-CIMB & HLB estimated 6 months downtime in their reports....shot themselves in the foot again?

Following the latest results, SAM's analysts are now forecasting revenues of RM1.65b to RM1.72b (HLIB Feb2023) in FY2024....and to RM2.038b in FY2025 This would be a solid 14%-19% improvement in sales compared to the last 12 months. Statutory earnings per share are also predicted to rise ...

New fast player in aerospace sector in Malaysia...MYAirline.
Started flying in Dec 2022 with 3 Airbus A320-200, now 7 aircrafts, expect 23 aircrafts all A320-200 by end of the year. All aircrafts standard and will have pre-inclined, sleek, ergonomically designed seats (by Geven, Italy) that are lightweight, fits our aspiration as an eco-friendly airline. Overall, these lightweight seats will result in less fuel burn and CO2 emissions. A good step fwd in ULTRA low cost carriers and efficiency.

Recently at Lima Langkawi signed MOU extending A320 comprehensive component support program with SIA Engineering Company. A sign of recovery in the aerospace sector and airlines....more nacelles for SAM to sell to?

Listing next year for MYAirline?

Nvidia make AI chips (GPUs & TPUs) for cloud servers.
AI chips need to be mounted on web servers using PCIe slots etc.
Nvidia GPU chips as you know generate a lot of heat. The faster the chip the more heat it generates.

SAM also manufacture high-precision components for data server centers. This include parts for server racks, cooling systems, power distribution units, and other equipment used in data centers.

All SAM needs to do is to switch more focus on equipment for the AI sector.
Play it cool again SAM....

FY2023 vs FY2022 results
SAM revenue increases by 26%...operating profit by 26%... net proft by 18%.
Higher start-up costs on Thai expansion : escalation of manpower… higher interests on borrowings… higher utilities reduced the net profit by 8%.
Aerospace sector on track to recovery...trade receivables improving...

It is not cheap to engage top lawyer Muhd Shafee as legal consultant. KPMG has paid RM340.9M fines to the MY Govt for 1MDB settlement in Sept 2021. Are damages (billions) claimed by Serba valid?

Do you think Serba would take the risk to fool another auditor the third time?
If Serba directors think that if it is no longer an on-going concern, wouldn't they just exit instead going through so many litigations?

if you think the numbers of Serba AR are fake again, why do you show so much interest?

There is no timeline for those downstate casino licenses to be awarded. The local siting boards take six months to go through applicants, the earliest a license could be awarded is Q1 2024...

https://www.playny.com/nclgs-sen-addabbo-ny-online-casino-bill-2023/

China will retaliate....

https://www.aljazeera.com/news/2023/1/2/which-countries-have-placed-covid-curbs-on-travellers-from-china

China is retaliating....

https://www.channelnewsasia.com/asia/south-korea-chinese-embassy-suspends-short-term-visa-issue-visitors-covid-19-curbs-3194791

At the EGM to resolve the 2Many Ngs issue, 1Ng or 2Ngs will have to go.
If 1Ng goes - a selldown of 40M shrs. If 2Ngs go - a selldown of 80M shrs.
Whatever it is.... the selldown will continue....
If your CTO n COO go off, your tech also goes.
What is the fintech worth if there's no tech specs on gateways n integration factors??

...closer to a deal on the RWG miami property......

https://www.thenextmiami.com/related-group-related-companies-both-interested-in-resorts-world-miami-property/

https://www.timesunion.com/hudsonvalley/news/article/New-Resorts-World-casino-opens-in-Newburgh-17679411.php

“How to spice up a 40 year-old mall….”