LC management guidance not too optimistic and expect anothrr challenging year ahead. INDONESIA line expansion project expected only to complete in 2025. What's worrying is the bleeding on their balanced sheet. From operating loss, currency exchange losses and more critical is their continuous cost of inventory write down { on margin compression}. Revenue declined by another - 23% { lower volume and lower selling price} posted a nett loss of 317 million { 4th Qtr} vs a loss 335 million { 3rd Qtr}

Eddie Ong has a big war chest stand by for corporate take over or acquisition

Active new launches, capexp under Mah Sing group, low capital gearing & profitable but the biggest question. Why price still stuck at this price range { 56 - 60} aren't any IB covering or acquiring Mah Sing shares

Without disrespect to any parties. TG needs more a longer time frame to tide over the current slum in glove prices. TG minorities are in a bind either to average down or hang on to their losses. Eveyone has thier own risk appetite and share investment attitude. Going by various analyst coverage on the sector. General consensus is glove sector may see gradual recovery starting either in 3qtr or 4 qtr next year. The risk vs reward ratio is at what price we are holding.

Bad closing. Open High but close low

Glove makers caught in a vicious market turbulence is in a no win situation. Without prejudice to any parties. Glove producers whether in Malaysia, China or elsewhere are in a dilemma. Those started their glove business at the height of epidemic are now exiting the glove industry and dumping their existing stock below costs at incredible low prices hurting unintentionally those still in the business. TG is the world biggest manufacturer hurt by rising costs, low demand and facing ridiculous low selling prices. Chinese glove makers to as low as US 14 per 1,000 pieces vs US 80-90 at the height of the epidemic. Same goes for the shareholders holding TG. Not a sell call but dissapointed that we { small holders} too are caught in such a situation. Tan Sri Lim express hope that TG can ride out current doldrum and return to profitability by end of next FY.

Morning opening...a block of Hektar shares bot by IB trade house at opening bell. Good positive indicator signals

Ride with the momentum. Small fry just follow the tide. Nothing more nothing less.

Yes. Totally disappointed that some ignorant Malaysian are still echoing and buying the western funded NGO scandalous accusation without looking at basic and rudimentary facts and figures. Corn oil, SBO oil, canola oil, sunflower oil and other soft oils vs palm oil cooking oil. Palm oil wins hand down vs all the other competing oil in terms of pricing, demand, productivity and the ability to feed the world growing population as well as a feedstock for fuel. The recent Ukraine crisis has shown there is no substitute for palm oil. Without going into trade tariffs and taxes. a bottle of 3 litre canola oil cost RM 45-RM 50 vs a 5 litre of Palm oil that sells below RM 30. Palm oil has overtaken SBO in the last 20 odd years as the most consumed edible oil in the world. Do I need to say more?

take over of { PK Sarawak } by Hektar makes Eddie Ong a key player in the state for fertiliser & chemical manufacturer. Sarawak planter's is a big market with State owned firms having a heavy presence

DJ close up +737 points. Our KLSE is still struggling. Up +2 points

DJ up +737 points. Our KLSE is still struggling up +2points

Eddie Ong resigned from Hektar Global Board as Ed. He still control the company. HEKIND started by his father { previously SCH} Eddie Ong engineer the take over of Halex and PK { sarawak} under Hekind

Between Year 2014 to 2018 the average CP0 price was trading at around $2000 - 2600 per tonne. The lowest was betw $1,800 - 1,900 per tonne during the slump in soft oil & crude oil prices. Slowly CPO and other soft oils gradually recover from their low in 2nd half of 2019 to 2022 { present day } from $2,600 - 3600 per tonne. The unprecented high CPO price {$7,500 per tonne} in March this year was at the height of Ukraine conflict { not forgetting the sudden imposition of a export ban by Jokowai } We must not forget and remember that CPO is influence and affected by other soft oils & crude oil movements. Our windfall tax levy kicks in once CPO prices breach past the $ 3.000 per tonne for Peninsular and $3,500 for East Malaysian states. Historically, most planter's view $3,600 - 4,000 per tonne price range is positive and very favourable. Currently CPO is now trading at $4,000 per tonne. Not a buy call but just my own personal view

Do nothing. Just ignored their offer. The offer price is below the current average traded price.

Looks good. $1.00 target

Strong opening but fizzle out

Trending down. Bad

Yes. A very shrewd intelligent player. See how he managed Rubberrex, Complete logistics, take over Halex industries, Perak transit, Opcom, KIP reits, Classic scenic and SCH. Call it lucky break but Ong really know how to trade and take over business.

Look at Perak Transit. Nobody can forsee or anticipate Ong choo meng scheme of things

Hold for long term growth. EPF is the majority owner of RHB group. Solid balanced sheet

Never under estimate a smart player { Ong choo meng}. Trust in your instinct

Yes. Mabel under Tan Sri Zainal {Group CEO} DNex has charted its long term growth. More upside for coming Qtr result. Cheers

Eddie Ong golden touch. Perak transit, Hektar technology, Rubbrex, KIP, Halex now Hektar industries

Coming qtr result ending 30 Sep announcement looks good. Crude oil holding up at above USD 90 +, Silttera operating at full capacity, IT & business segment performing well. Good value { DNex } based on PE ratio vs peers average

Hektar fertiliser & chemicals has strong presence in Johor and Sarawak

Eddie Ong has big plans for Hektar group

LCTITAN downgrade and reduce position by CGS - Cimb analyst { Raymond Yap} on Saturday. A negative gross margin showed a dire situation as naphtha demand from crackers fell and plummeted. YAP cited a lower target price 94 sen for { LCTITAN}. Full article in the Edge

Not positive to post consecutive 2Quarter losses with widenening operation losses Q-Q. - 355 million 3rd qtr vs - 146 million the previous 2nd quarter. What's worrying is the US plant continue to bled and the huge Indonesia Capexp Line expansion costing 18.8 billion coming in this uncertain times. Just my own views on their performance not a buy/or sell call

Bplant has delay, on hold or reserve their dividend pay out ratio. 1st interim pay out in May was 7.3 sen, 2nd interim in Aug was 2.75 sen. This is generated from their higher CPO sales locked in betw Jan to Jun. Coming 3rd qtr announcement ending Sep is expected next month. The Kulai Young Estate sale to Ytl generated a realised profit gain of 325 million or additional +14 sen to Bplant {completed at end Jan 2022} So far no announcement of the special dividend. Whereas Affin Banking Group sale of their Affin Hwang Asset to CVC was follow by the announcement of 18.09 sen special dividend +4.53 sen interim dividend last week

Affin declared 18.09sen special dividend { sale of Affin Hwang} and additional 4.53sen interim dividend. Election play stocks?? ? Both Affin and BPlant control and owned by LTAT thru Bstead

The largest beneficiary of the oil spike and surge in crude prices is the United States. Based on the latest Oil world newsletter.
Country. Production. {bbl/day}
USA. 11.2 million
Russia 10.2 million
Saudi. 9.5 million
Canada 4.5 million
Iraq. 4.1 million
China. 4.0 million
UAE. 3.1. million
Brazil. 3.0 million
Iran. 2.6 million
Kuwait. 2.5. million

Sanctioning Russia and Opec + cutting daily production will hit Europe hard in the winter. Oil prices will continue to spike higher { despite whatever rhetoric spin by the west}

Aliyusof me too. Whatever LCTITAN dividends paid out the last 2 years cannot cover our capital losses. The slide started with their planned Indonesia expansion. Call it bad timing, big Capexp 18.6 billion ringgit amid economic uncertainties, US rate hikes that hit all countries, growing recession fear in LCTITAN key markets {China, South Korea, Indonesia & Germany} for polyolefins and polypropylene related products. The Covid outbreak further aggravated and delayed their factory completion date to 2025 /2026 and upping their building costs structure. Financing 18.6 billion is a real burden on any balanced sheet

Decent dividend yield. Interim payout 15 sen follow by final 25 sen

DNex result showed excellant result for FY 2022 ending 30th June. The group balanced sheet remains solid with cash of 1.02 billion. Total loans & borrowing's stood at 319 million. Operating cash flow from its trading activities at 643 million. Profit after tax at 707 million on the back of 1.44 billion revenue. Figs extracted from DNex financial submitted to Bursa dated 29August 2022. Great turn around from its early days after acquiring Silterra and Ping Petroleum { NOT a buy call. Please do your own research before you buy or sell}

Structural growth drivers & rising demand for semi conductor relating to adoption of silicon carbide {SIC} and gallium nitride {GaN}and not forgetting the favorable exchange { ringgit depreciation against the USD} boils well for specific sector. A word of caution is for ATE test equipment and OSAT may see a decline in sales & earnings. Do your research before you buy or sell

Good indicator, positive momentum & lies ahead for our home grown Dnex

Crude oil now at USD 91 per barrel. USD 4.65 @ ringgit. US & Taiwanese chip's makers robust sales. TSMC, ASE, Media Tek {Taiwanese} all recorded Y-O-Y profit growth

Not a buy call or sell call just my own personal take on their mega project during this uncertain and challenging period

The share price LCTITAN drop sharply maybe link to their mega project in Merak, Banten province. costing about USD 4 billion in Indonesia { LINE project } targeted to be completed in 2025/2026. This was approved and passed at the EGM held on Dec 16 2021. Key work packages was awarded to the Hyundai Engineering group and other related parties for the expansion on 7th Jan 2022. The USD has strengthen and appreciatd from 4.10 to 4.65 against the MYR ringgit. Investment cost value is now estimated at MYR 18.6 billion of the cracker plant production of ethylene and propylene. Interest cost will fly to the moon based on the 18.6 Billion project cost

Possibility of bad quarter result coming out. China on/ off lock down { zero covid policy} has affected industrial demand for polymer products and other related imports. August imports number down 15%. LC titan 3rd qtr { July-Sept } result may be hit

Announcement 24/8, XD 12/9, payment on 27/9. Interim dividend 2.75 sen

Coming next quarter result announcement in Oct. Hopefully operations & financial not hit by multiple rate hike and high usd

The additional production specialty expansion in the 200 mm foundry capacity takes time. Management guidance quoted { Tan Sri Syed Zainal } by early 2023. Annual production will increased from 8.3 million mask layers at end July 2021 to 10 million mask layers

DNex interim dividend. 0.0006 sen announcment in April'22. Financial year ending June. Possibility of final dividend for FY 22 announcement forthcoming

Yes. Mr John totally agreed with you.

Any TP or forward ratio needs to have certain criteria and clarity. Specific research on foreseeable market demand, production or pricing vs other competing oiks have to be meaningful. Not just any prices pluck from thin air at your own fancy . Earnings, foreseeable PE ratio, yield, cash flow or sector earnings and outlook have to be seriously studied before coming out with any targeted TP. Not to mention disposal or potential gain on special land sale. What's their book value vs current market value. Not a buy call but my own personal view. Not forgetting your own risk ratio vs risk reward factor. My own TP price for BPlant ? Well I don't have a magic crystal ball to tell you the price { BPlant in the coming 3 or 6 months} . BPlant is for long term

TP and forward earnings criteria is based on certain scenario and foreseeable trading enviroment & recommendation per see and not just pluck from thin air. With zero research, financial ratio analysis or background facts. Oil prices may or maynot see any significant market retracement despite on going concern on demand. Production is something Opec +has fine tune to their advantage. Most Oil players are sticking to their forecast of between USD 90 - 110 per barrel. Chips sector is more cyclical with TSMC, Nvidia and AMD announcement that the US chip acts of USD 56 billion announced by Biden is insufficient for any home grown US manufacturers to compete efficiently. Both Intel and TEXAS have outsourced their plant 's production for ages in overseas countries. It's take at least 2 or 3 years down the road to start a foundry plant coming from scratch. Silltera sits on a nice plateau as Malaysia is consider as a US friendly trading nation. Not to mention. DNEX Platform B2B used by our custom exercise dept is highly regulated and nor easily replicated. Just do your own research before you buy or invest in any stocks. Not a buy call just my own sector view

Larry Flink { fund manager} said for long term investor should buy and hold investment{s} that brings in regular income receipts and potential capital gains over longer period of time during this period of time. Unwise to focus on short term

Yes. Europe is facing a winter of discontent with high energy cost, possibility of severe winter, gas shortages, industrial production disruption. Last but not the least energy crisis that have impacted their grains production and yields. Spring plantings is below average, shipment of Ukraine grains thru the UN broker deal with Russia, Turkey and Ukraine is at snail pace. This is last year old stocks which was at the port warehouse prior to the February breakout of the military conflict and all the vessels was park and dock at the various seaports. What was not reported that freight insurance cover has sky rocketed and some of the cargoes was pest infested. Russia and Ukraine is the bread basket of Europe. This year crop plantings in Ukraine has and was badly impacted by the Russian invasion especially on the Eastern side. Russia practically now controls all the key sea points at the Black Sea. With the extreme heatwave hitting Europe { Germany, France and UK } the people are hit with high inflation rate. Food prices are trending higher and higher