Not far from success...http://wemedia.ifeng.com/69881544/wemedia.shtml

@calvintaneng, Protasco need you, who follow your buy call on Protasco still stuck there, go and rescue your follower...

good news, i perhaps this is a good news, The Star tower site has been clean up, road is ready, i guess now pending approval to hand over only....

seems like Q2 is the worst quarter in a financial year for steel industry, Q2Q drop 60%, consider good or bad

on tuesday 21-Aug, total transaction was 5 million, KYY sold 4 million share on that day.......only dropped 1 cent, how possible!!!!

if KYY keep his word and stop selling then next week should be able to rebounce back to 1.2-1.3, if the result is good, 1.5 is possible

kyy quoted on 24-Aug :As we have sold about 45 million shares, we don’t have any more margin call. Let us see whether the price will go up today if I do not sell.

Today up 3 cent amid bearish sentiment..not a bad start.

loan principle repayment kick in soon, no news on how to funding to repay loan? bank defer the repayment until year end, very close

normally announce right would cause price down, but spreng just too greedy lah, so expensive, the price to high, expensive than buy a mother share....margin player run fast, contra player run faster...whoever cant afford to subscribe the right also run...more down side ahead. SPRENG too greedy too rush.

today market is bad, new tariff on china....only 8% of the counters are in green...

what is fact what is assumption also wrong.....simple basic also wrong. haha

Still better than protasco, someone keep promoting protasco...company borrow money to pay dividend, and property division fail to launch any project more than 2 years. The fatty CEO son lead the property division to hell.

which genius keep promoting this Gruesome company!!!

@Stock Kingdom

if the right issue work out, then they will have another few hundred of million when warrant allow to exercise.

A : this is a dog food,
B : no i don't believe
A :i already told is dog food, and it was written there
B :no, i don't believe, prove to me is a dog food.
A : it was publish by the company it is dog food.
B : no, i don't believe and i think the companies are wrong.

wah, the comments so long, but fact and assumption also confuse, information like loan rate never disclose by nether parties, but someone claims that loan rate is 7.5% is a fact....is a fact or assumption....haha, long write up but the key factor also inaccurate.....

you don't know meh, it is >5 days already since KYY last sold, so it mean either he forget filling or he stop selling already

you don't know meh, KYY sold million million of shares likes madness, cause the share drop like crazy also. 60% out of total transaction per day was done(sold) by him.

you don't know meh, KYY still holding 20%, if he keep selling, then can bye bye lo until he finish. good result out also useless. but once he stop selling, at leas the price could be stabilize.

====================================
@newbie8080,
Bursa allow for shareholders to file in within 3-5 working days later.
Anyway, he's already selling down all the way, why bother to know when is the next batch of selling.

kyy forget to filling or really stop selling???

@SuperInvestor9, but your granpa allegally cheap people by publish false infomation. it is illegal, SC has probed one of the famous blogger who famouse in promote penny stock, same trick buy at lower pricen find the right timing promote the stock in his blog.

Jon conclusion is based on certain assumption since not all information are disclosed. if Jon assumption is deemed correct, probably someone should team up with KYY and Affin bank to sue Jaks publish misled information (IRR figure) to public...KYY lose so much definitely he won't let someone who cheat him escape easily.

to avoid bias judgement, a person should draft to scenario,

under what circumstance it would generate positive outcome
under what circumstance it would generate negative outcome

than rate the possibility for each scenario....a bias person would just ignore either positive or negative scenario, this might lead to fail to judge...

Trump : global warning is a lie, the data given looks fake for me, those scientist is stupid, i don't feel the global warning, please prove me are wrong.

Jon : It is a stupid deal and the return forecast by Jaks announce looks fake for me..China bank is too stupid and overlook it, it is not guarantee profit, it is a guarantee loss making deal. the loan given won't be cheat, not possible, Jaks won't sell better than Melakoff, not possible.

India a mystery country, woman go in rape, CEO go in jail, how many company has fail to enter into india market? Tony and Ananda also under probe by india...Celcom india company also in big trouble.....fraud and corruption at india is different level, else India economy overtake china long time already.

Sound like Jon Choivo has concluded that the deal is not profitable at all not mater under what circumstances... even the loan rate is 0% or 1%.

China bank is obligated to assist in growing state cooperate for oversea infrastructure project, the rate could go as low as 2%-3% and long repay tenure.

https://www.reuters.com/article/us-china-silkroad-finance/behind-chinas-silk-road-vision-cheap-funds-heavy-debt-growing-risk-idUSKCN18B0YS

@Jon Choivo, haha, you make conclusion bases on certain assumption, and those assumption derive from history and other similar project. my limited knowledge is unable to prove you are wrong la.

i just don't think that CPECC willing spend so much to just ensure they make loss in 25 years. i believe the cheap loan is part of the JV agreement between Jaks and China government.

the IPP is awarded to Jaks, to get the cheap funding, jaks give up 70% of the IPP to CPECC and appointed CPECC as main contractor. this is my assumption based my limited knowledge.

@Jon Choivo, just wonder any parties from the deal has disclose the loan term and rate given by 3 China banks, or 7.5 rate is just based on assumption?

@Jon Choivo

CPECC is own my China, and the project is financed by 3 China banks, based on calculation, the China government are losing money build the IPP Vietnam, not making any sense at all?

Jaks is stupid to accept this arrangement,
CPECC is more stupid cause they lose more
3 China bank are idiot already.

seriously, i don't think all of the them stupid like trump, the loan from 3 china bank must come with special rate since for this project, China is the main beneficial.

@Jon Choivo,

just a question , the JV between JAKS and the CPECC accountable for the loan payment based on the JV ration 30% and 70% respectively.

so based on your conclusion, JAKS and CPECC will lose 230 million ( 69million and 161milion) annually after the IPP complete?

tomorrow no market, hope jaks could release result asap

@James Ng, what is your oppinion on the The Pacific Star project.

without doubt, IPP progress is good, judge based on the photo, it has completed a lot of ground work, it might able to deliver ahead of schedule, still got 16 months and 22 months for phase 1 and 2 to complete.

but the pacific star is behind the schedule again, the light of Star building still not on yet, really worry that minght not able to deliver before hearing. how could they delay 2 years and still continue, looking at the contuction, definitely the 2 block of office can complete by this year, but the residence might drag to next year....

record low every few minutes, sell queue still damn strong...

if the Q result is suck, than.......but if good then will stabilize at current price.

usually lah, counter only start dropped in the second half normally is due to the bad quarter result, normally lah. ERCL is kind of expected should not the reason for dropping. so i suspect the q2 is in red...

@Halite , did read the latest The Edge and Business weekly, both are optimistic caustion on steel market, both also point out that 2Q normally is the worst quarter for steel market, check the history. maybe lah

i think KYY selling jaks now to sustain Lionind price....why can't he just stop selling, in term of prospect, Jaks would be better than Lionind, my opinion.

Malaysia steel market is not competitive and heavily depend on government mega project, without anti-dump policy, it died long time already.

so we rakyat actually are subsidies steel industry (import tax 19%), short term maybe are good, long term is high risk, not sure why KYY become trader now, no longer investor.

Malaysia steel market is not competitive and heavily depend on government mega project, without anti-dump policy, it died long time already.

so we rakyat actually are subsidies steel industry (import tax 19%), short term maybe are good, long term is high risk, not sure why KYY become trader now, no longer investor.

@probability, cant discount the posibility, after few incidents, HY and JAKs, someone may see KYY article as sell signal

LTH only sold 300,000 share last Friday when the price drop 7% from the peak 1.30...why blame LTH???

300,000 shares only accounted 1% from the total transacted volume on last Friday....why blame LTH???

private placement for 20% has been approved in the special AGM, so share value will be diluted 20%...this mean high PE to 30% and for the last 3 months, no oil contract been awarded to T7

so what is the excitement about this counter, kindly enlighten me...personally i hate PP.

i also don't understand why raise FUN through PP when company in net cash position, utilize the money lah.

all KYY stocks down, are him under probe by SC, i am sure there are investors whom felt cheated file complain on him.

Lionind in trouble, KYY may dump JAKs to pump up Lionind..

From 1.8 to 0.95......Affin TP1.9 and Public Bank TP1.3...

KYY is a nightmare for his follower who enter 1.5 above....

the anti dumping duty were imposed in Feb 2018 by BN government to protect certain industry player but hurt the consumer pocket, stupid and unreasonable, rumors say that new government is in the mid of reviewing anti dumping duty

scary movie 4, after abolish GST, Saifuiddin so angry when he heard all the can food and beverage price still go up due to the packaging price increase. Saifuidding was informed that GST only 6% , but can't offset the steel price increase due to the 18% import duty. immediately effect all steel for food and beverage are exempted from steel levy. haha

scary movie 3, Zuraida informed that all steel imported for property development are exempted from 18% levy effective immediately in a effort to reduce house price in malaysia.

just wonder why nobody like my scary movies.....

Scary movie part 1, Mahathir is at china negotiate trade, China agree to buy more palm oil, in return, Malaysia liberalize steel industry, what is the rational, this would result in reduce cost in building car, house and other which rakyat is the beneficial. China also divert those excessive steel result from trade world to other country, further than that, China said if you want want me to setup car plant in Malaysia, dont expect china to absorb the high steel price due to dumb duty.

Mahathir definitely will agree cause he want to ensure the national car price stay competitive. this will announce soon.

Scary movie part 2, MRT2 and LRT3 contractors informed LGE that budget overrun due to raw material price hike, LGE don't believe and argue that since he has cancel so many mega project, look at cement price drop like no tomorrow. contractors said few months back BN government has impose duty to protect lock steel industry, LGE said just get exemption from MITI for all mega project.

LGE definitely will agree with Mahathir to liberalize steel industry to lower down the price, cause the duty only protect interest from certain group of "people"

Scary movie, Mahathir is at china negotiate trade, China agree to buy more palm oil, in return, Malaysia liberalize steel industry, what is the rational, this would result in reduce cost in building car, house and other which rakyat is the beneficial. China also divert those excessive steel result from trade world to other country, further than that, China said if you want want me to setup car plant in Malaysia, dont expect china to absorb the high steel price due to dumb duty.

Mahathir definitely will agree cause he want to ensure the national car price stay competitive. this will announce soon.

Scary movie part one...haha

the current sell down are due to KYY disposing his shares, if he continue sell then no hope for this stock untill he finish disposing. but if he stop selling, them the share price could stabilize.

moving forward, no body know whe he will stop, so no point speculate his move..just invest base on the company fundamental.

Property division is dragging Jaks performance badly, evol mall and falling star cause 10-20 million deficit in each quarter, jaks is selling land to cover the loss, but this wont last long. although they try to sell the evolmall but fail, try to complete falling star by this year is no longer possible. i went to the contruction side, from the outside i can see 3 block complete soon, (2 office and 1 residence), the rest still need another 6 months.

moving forward, if they success sell the evol mall and complete falling star by year end , else it will impact the financial badly.

IPP is the future for Jaks, it will bring Jaks to another level, but it does not come without challenge and risk. Funding is the main issue, it had 2 PP within a year..this has dilute the share, and the coming right issue also will dilute the share value..but it is almost done, with only 1 year ++ left before the phase 1 commence, this project had has started contribute, one third of 1.8billion received by jaks as at 1Q, another 1.2 million receiveable in next few quarter.

moving forward IPP will contribute more, currency myr down also will benefit jaks .

i guess lah OTB no violating any rule yet unless he

call buy at I3 but inform his member sell withing short period.