@79, nice shoot

Any heroes bought in yesterday?

Bought just now 0.855

OMG, bad counter

The hope begins when it stands at RM 0.14。。

Buy in Maybulk which is in its historical lowest price

The game of Maybulk w.e.f. 1st Jan 2020

What is IMO 2020? The International Maritime Organisation (IMO) has ruled that from 1 January 2020, marine sector emissions in international waters be slashed. The marine sector will have to reduce sulphur emissions by over 80% by switching to lower sulphur fuels.

Too risky to buy in..

@davidkkw79, if u read through all the info here, u will notice that Salute doesn't supply its product to Apple, Salute supplies its true wireless earbuds to JAYBIRD.

''Customer A (most probably is Jaybird) is releasing its third generation of true wireless earbuds with an upgraded Bluetooth chipset developed by Salutica, in collaboration with a Netherlands company. The new Bluetooth chipset promised to rectify the connectivity issue which has plagued the previous 2 models, resulting in Salutica’s declining profit.'

Just hold tight tight.
2nd uptrend cycle is coming...

Oh my god, lausai

Be patient, stay firm, the worst is over.

yes, good performance, but if it declares 3% dividend annually, not better than some superior funds.

https://www.nst.com.my/news/2016/07/159067/bcorp-launches-its-maiden-lottery-vietnam

Hi, anybody has any news regarding the Berjaya group operates lottery in Vietnam? What is the current situation about the operation of lottery in Vietnam..?

Thanks @greatinvestor for sharing the link.

James (Salute managing director) maintains that the worst is over.

“Last year, in terms of financial results, we hit rock bottom. Moving forward, we should be able to maintain our profitability. We know what we want to achieve over the next three to five years.
========
From the above statement, it may give a hint that that performance of the current QR (Jul 19 to Dec 19) is quite satisfactory.

Salutica may climb higher, says RHB Retail Research

KUALA LUMPUR (Dec 18): RHB Retail Research said Salutica Bhd may climb higher after posting another white candle and leaving an upside gap.

In a trading stocks note today, the research house said given that yesterday’s long white candle has recovered above the 21-day SMA line, indicating a positive sign.

“A positive bias may emerge above the 74 sen level, with an exit set below the 66 sen threshold.

@MingGoon, Currently, Salute is in the midst of securing 6 more new customers, one each from Australia, Canada, Europe and Vietnam and two from the US.
=======
Very good news, Look like u have insider info.

BOB, Salute new model does not give superb result, any links to share with us?

impressive, yes, the uptrend quite strong and stable.

One fine day, the ship leaves the wharf without informing the passengers..
But whether it is a solid rebound or just a temporary rises, only insiders know..
A clue to consider is why there is a gap of opening when compare with the yesterday closing.

It is another case of FLYORDIE (fly or die)..
However if you wish to challenge, then no harm to try some..

Hi, Good morning，

Now is Dec 2019, 2nd QR performance is going to end soon. If insiders get good news, sure going to buy in and cause the share price spikes up b4 QR releases.

But, what happen if this QR still not profitable or little profit...?

Anybody has some sales info?

Let see what happen on Monday

VERY BAD COUNTER.
CANNOT TRUST THIS COMPANY MANAGEMENT

Main biz sold, now no main biz and still need to incur huge directors remuneration and nett off still incurred few million losses. No Biz prospect
..

It gonna to stay and cross-over RM 0.14 psychological level to begin with...

Buy after 0.21, is it?

What happened to the comments here, really main main saja

The bad part is Indo gov't might need to fork out more allocation (via tax) to cover the shortfall if they want to push B30 biodiesel programme. The extra allocation may be sources from the possibility of uplifting the palm oil export duty as well as windfall tax.

On 29 November 2019, Multi-Purpose International Limited ("MPIL"), a Labuan company which is wholly owned by Magnum Berhad (and which was set up pursuant to the Selective Capital Reduction ("SCR") exercise by Magnum Corporation Berhad), had received via e-mail notices of assessment for income tax dated 29 November 2019 for the years of assessment 2014, 2015, 2017 and 2018 amounting to RM40,361,327.82, RM40,378,374.75, RM38,755,291.78 and RM24,555,383.55 respectively. On 2 December 2019, MPIL received via e-mail the notice of assessment dated 29 November 2019 for the year of assessment 2016 amounting to RM38,754,296.16.

The Inland Revenue Board ("IRB") now claims that MPIL should be taxed under the Income Tax Act 1967 instead of the Labuan Business Activity Tax Act 1990. Since its establishment, MPIL’s income including its interest income had been duly assessed under the Labuan Business Activity Tax Act 1990, a position which the IRB had never questioned in the past. Upon consulting its tax solicitors, the Board of Directors is of the view that there are reasonable grounds to challenge the validity of the said notices and the penalty imposed. This is especially given that the interest income which the IRB is seeking to subject to income tax had been disallowed as interest expense which were incurred for the same SCR exercise at the hand of the payer namely, Magnum Holdings Sdn. Bhd. and reflected as part of the settlement of previous tax audit conducted by the IRB on the Group in 2017.

It is anticipated that there will not be an immediate financial impact on the Group as the Board is seeking to secure a stand over pending the resolution of this matter.



This announcement is dated 6 December 2019

It's Almighty! Taxed RM183 Million
December 6, 2019
(Kuala Lumpur, 6th) Magnum (magnum, 3859, motherboard consumer stocks) has once again become the dead soul of the inland tax bureau's tax recovery!

Magnum filed with the exchange, and the Revenue Authority stated that Multi-Purpose International (MPIL), Magnum's wholly-owned subsidiary in Labuan, owed a total of 182.8 million 467.46 ringgit in taxes from 2014 to 2018.

In May 2017, Magnum's subsidiary, Magnum Holdings Pte Ltd, was fined by the Revenue Department for a total of RM47.47 million in fines and taxes.

Not bad, RM 0.67 has formed a strong base.

Opportunities arise when they is a uncertainty.

If a biz is certain to make profit, then the PE will be normal (PE=12) or high.

The common phrase to say is high risk high return, low risk low return.

The most important aspect of all the consideration is that the biz prospects of the co must be good.

13、马云谈机会

如果一个方案有90%的人说“好”的话，我一定要把它扔到垃圾桶里去。

因为这么多人说好的方案，必然有很多人在做了，机会肯定不会是我们的了

Not bad, BDI=1568, up by 40 points.

Some of the Asiapac profit (about 50%) is from revaluation of Imago building, What if the economy is so bad that the value of Imago building revalue downward. In that case, the revaluation reserve need to write back, i.e the NTA will be revised downward also.

Watch out this counter, Price slowly move up.

Although I have no idea whether Salute mgt is trustworthy or not， I just follow Mr TTB (Icap BHD founder), I can trust TTB， Icap BHD bought in Salute. Although I can't guarantee I will make profit from Salute but at least the risk have been reduced because he has filtered it for me.

It depends. If it is a good company, u can buy in when the company is incurring loss. Because the loss result will force down the share price
U need to grab that opportunity and buy in when the price is low.

However, if it is a fxxk co, then avoid this type of co. Btw, many co fall into this category. ..

That is why the trustworthiness of the mgt is primarily impt.

human, tq for sharing.

Yes, it is difficult to predict the market price because the price is affected by market sentiment at that time, some more, there maybe some parties purposely press down the price so that unstable holders will be forced out from the market.

Imho, if the news is right and there is no lead time in this period， then prospect is good. At this moment, the price should reflect current ongoing QR (Oct to Dec 2019), instead of still focusing on the past QR (June to Sept 2019), that bad QR result imho has already reflected in the price.

Every investment does carry risk, but the one with the right and precise info will always be the winner in any trading.

Nice, BDI uptrend maybe same as palm oil, both Imo 2020 and biofuel B20 & B30 Will be kick off w.e.f 1 Jan 2020

It looks like the seller(s) has stopped selling, but NOT confirm, it still may need some time to confirm.

But, let say RM 0.67 is the price at the bottom, then it will put the situation in dilemma...potential buyers may feel that the price is NOT low enough .let see the next few days market reaction.

dropping because no prospect..

Anyone dares to buy in..?
it is not easy to predict the lowest possible entry point...
Only buy in when u think the price is worth to collect.
But the problem is whether the price will dip down to the price u want to buy.
so if the price reach its reasonable price, it is worth to buy

Wow! BDI=1426, up 75
If u believe IMO 2020 will boost up freight rate, just buy in, otherwise just stay aside.

Buying Asiapac is like buying a bare vacant land, you have to prepare to hold for a very long time.

10 years later when imago is valued at 2 billions,u will sure be rewarded.

@MingGoon, yes, we need to wait and see..

Massive force out volume today...

Relax guys...
I thought today will knock out almost all the unstable holders. Downrisk is limited unless special events happen..

Worry cleared

BTW, anyone buys in today?

Review of performance
(i) Revenue
Total revenue for the first quarter ended 30 September 2019 was RM32.3 million, a drop of
approximately RM24.4 million from RM56.7 million in the preceding year corresponding quarter.
This was primarily attributable to the lower sales volume from the current running products and
the new generation headsets. The forecast volume for the new generation headsets have increased but order fulfilment is constraint by material lead time.

The situation is expected to normalise in the next quarter.
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Material lead time is expected to normalise in the next quarter.