Any positive points for this counter?

My opinion is that the share price can't fall below RM1.50 (i.e cash per share), unless panic selling cause by certain bad news.

So the price from RM1.50-RM 2.01 (current price) is a value buy.
Your job is to figure out the bottom..
I think many long-term investors already standby to eye on this counter long time already.
Standby you spare fund.

My view is that the co may declare bonus shares due to huge retained earning.

•We maintain our BUY recommendation on Salutica with a higher fair value of RM1.06/share (previously RM0.61/share) pegged to a rolled-forward FY21F PE of 14x. We have increased our FY20F–FY22F earnings forecasts by 20-28% to account for higher order forecasts from Customer A after visiting the group’s Ipoh plant recently.

https://klse.i3investor.com/servlets/ptres/52779.jsp

It look likes the Salutica's mgt invited AmInvest investment officers to visit it group's Ipoh plant ...

近期，有迹象表明俄罗斯、哈萨克斯坦、吉尔吉斯斯坦、白俄罗斯以及亚美尼亚可能不会遵守即将在64天内生效的全球限硫令.近几个月，Splash也有报道，有流言称印度和印度尼西亚也在考虑推迟执行IMO2020限硫令。

https://www.cnss.com.cn/html/hygc/20191031/332471.html


These few countries may defer to comply with the implementation date of IMO 2020 low sulphur fuel oil requirement

But Cold Eye bought Jaya Tiasa Bhd shares have gone into the drain, he incurred huge loss from buying Jaya Tiasa Bhd shares. Now, he is NOT one of the 30 largest shareholders.

All in all, believe yourself and do u own due diligent study before buying.

@sammj, your sentence is really amusing. Can't wait to see Calvin first post at 12am 1 second..

@juyeohthai, nice!

Buy in some shares today, hopefully to make some gain...

I also think the same way as @Mabel, buy in and follow @ Mabel

Any news?

Yes, steadily moving upwards. Can buy in

Buy in, future potential is nice

https://www.cnss.com.cn/html/hyrd/20191024/332290.html
All these uncertainties may bring to higher BDI.

https://www.cnss.com.cn/html/hygc/20191028/332390.html

China is going to strictly implement IMO 2020 rule.

Sept 2019 quarterly report is crucial determining factor in deciding the future pricing direction..

Make sense.

Yes, I agree RM 1.50 is a dirt cheap price, start accumulation at this point and down unless fundamental of the co change.
Hint: share buy back point

@ TAK 1, thanks

Hi, noob here, may I know whether Armada's FPSO have their oil drilling capabilities or not? I was wondering whether Armada's FPSO can produce their own crude oil or not without the help of other immovable individual drilling platform. Googled just now, but still confused..hoping someone can answer, tq

Bdi =1801
Look like Bdi already stable at the range between 1700 to 2000 since it rose from 550.
Can buy in some.

Need to figure out the bottom and then buy in.
Crucial point, where is the bottom?

It (shares move from Yayasan to ASB) got some logic because ASB needs to pay huge dividends. If Velesto can pay dividend/capital appreciation, then ASB can solve its cash flow problem.

Respecting Cold Eye,Knowing that he has bought in a big chunk of Salute (10,360 lots), Maybulk (10,000 lots), Armada ( 30,000 lots) and Jtiasa (around 10,000 lots)

Vitrox and Unisem quarterly result go into the drain, but these are tech stock. If Salute is also tech stock, then need to beware...but different stocks have different fundamentals..

no news, just BDI up a little bit

Yes, can buy at RM 1.50, very low risk already.

I see, Cold Eye and Tan Teng Boo (Icapital Bhd founder), two big sifus also invest in Salute.
Icapital Bhd average cost is around RM 1.30, cold Eye may be far far lower, may be RM 0.60..
Look like Salute is suitable for long-term

at least the following report gives us a hint.

https://oilprice.com/Energy/Oil-Prices/Russia-Predicts-The-Death-Of-US-Shale.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1571777213&_p_c

'U.S. shale production growth is slowing down, and America’s shale output will likely peak in the next few years, Russia’s Energy Minister Alexander Novak said on Tuesday'.

Hold for one year or more. The time US shale oil depleted, it is the time for Hibiscus.

Buy in Hibiscus, good future.
https://oilprice.com/Energy/Energy-General/Goldman-A-Major-Oil-Price-Rally-Is-On-The-Horizon.html

Yes, collect

@sunnyguy, yes, Borneo Edible Oil S/B, that is the place where they sell their crude palm oil there for further processing. This is related party transaction.

@Ong, Hahaha, correct

Need to factor in right issue, so the highest is NOT Rm 4.50

Buy in signal

Very good write up for Armarda for all who given the comments. Thank you so much
Wondering how does it move today...

US shale oil is going to deplete, buy in Hibiscus

https://oilprice.com/Energy/Oil-Prices/Russia-Predicts-The-Death-Of-US-Shale.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1571777213&_p_c=1

I have a different view, I thought it will be moving between today lowest 0.365 to 0.40 (today closing) and close somewhere around 0.40 unless there is a special news pop out..

Healthy correction, prepare to move forward again

Now I know I will never trust calvin tan any promotion , all his articles i will only make reference only.

Never expecting future contracts which have not yet materialized.

Haha, later if the price jump up, the other parties will come out SHOUTING..lol

I like to watch this movie with popcorn.
To be continued this afternoon...stay tuned

The interesting part is that directors have stopped selling since Aug 2019 despite the price has raised double.

https://oilprice.com/Energy/Energy-General/The-Oil-Rig-Count-Collapse-Continues.html

Oil price drop, but O&G services counter rise, may be there is an indication that future oil price might be moving upward due to decrease in oil rig counts as stated in the following statement, see link below:-

Nicely written, ipilot50.

it looks like sb is supporting the price at RM0.88. I would like to called it 'operator'.
Coincidently, RM 0.875 is the previous round highest price.

As long as BDI can stay at 1900/2000, future is NICE.

Yes, brave one, buy with cash (not loan) and hold will made the money.
Even Icapital Bhd invests this counter with the average cost of RM 1.30