Consolidating and then will challenge 5.20

As ever High Risk / High reward! What is Worst case scenario …..what happens? What is the NAV? Make up your own mind…should not come to this ….but who knows…..I will be suprised if they win new business with all this hanging …anybody entering into contracts can’t be doing due diligence.

By placement ….that makes good sense…..unlike some other operators who dump the shares in the open market….the price paid by other institutions shows that they are comfortable with the price range …all this means there is good wide support for the shares. Retail customers can invest with degree of confidence as CIMB moves up to pre Covid levels

What a carry on…..they still can’t manage the situation….I mean all involved parties, very bad advertisement for Malaysia PLC ……I can’t imagine why all parties can’t agree to target when the findings will be published…it surely can’t be that difficult unless it is to do with some sort alignment of interests. You can build a tower block in the time they have taken, which can’t be right. CV is not an excuse in fact it could be quicker under these circumstances….becuase you don’t need to travel!

Kazannah have sold more shares than that was indicated ..which was 100m actual 138m, surprising that price only fell by 1.7%..that shows underlying support. Any further correction would see buying opportunity. Friday is normally sell day…let’s see.

Foreign FM will increase asset allocation to Malaysia when they see political stability and opening up of all sectors ….we need absolute clarity as the trigger points when travelling interstate and foreign travellers can enter…..this has been lacking …compared to other countries …there is no single solution for all, that’s is why a strong gov is needed to work out the risks…in a transparent and rationale manner. For example setting a threshold for infection rates below 4000 was absurd! Infection rates themselves mean nothing on their own….hopefully we get clarity otherwise the damage will be worse than the cure the country is seeking. Ultimately elections are needed to get some degree of political stability. Party hopping should be banned.

Very good value, not understood by retail investors…owing to different style of management!

With interest rates like to hike next year and recovering economy banking stocks will have a good uplift for sure. All sectors should open by end of Oct…..Malaysia needs to stick to this strategy, otherwise they will be caught between in between look at Europe despite devasting infection rates and deaths they have opened up and now face winter when rates will go up ….we can’t fall into i between trap!

Some folks on this forum are cynical. The whole idea of being on such forum is presumably to discuss and share info about the stock with happiness when it does well and disappointment when it does not….well some folks here get supreme joy when promoting negativity …..I just don’t get it! Weirdos. Need to grow up.

Genting for sure is good bet for profit recovery and dividend payment. The stock has interest from foreign find managers as their Malaysia asset allocation would include Genting, Public bank, Maybank and CIMB for sure …Of the banks CIMB is sure for a recovery play. You can invest and leave it for 2 years for a good safe return …..

Only way is up, once all casinos and outlets working the results will be firing on all cylinders, with Yokohama as a sweetener if that happens it will be bonus!

Excellent set of results ……malaysia bank stocks in general compared to world are undervalued …due to political uncertainty and CV ……any way good opportunity for better times 7 RM is on if foreign asset allocation emerges.

It is matter of time …..the shares will rally for sure

GST will be coming soon….the case for it is very strong …..Myeg will do well post new gov…

We can talk about human rights all day long…..what rights have the First Nation people have has in US, Australia, NZ and Canada….nit to mention apartheid South Africa which western countries supported. What rights have African Americans have in US used as slave Labour for 200 plus years…they have very little rights and even less economic rights. Some people say things improving really! The method of racism has changed …same group of people dominate,

China need not worry …the Colonial West can’t accept the success of China as it replaces US as leading power…on all metrics… not too long too go. I am from Pakistan and have to thank China for its help, in developing the infrastructure and investing in good causes that will benefit the country for sure of the leaders use it properly. Look at US, U.K. and West history they have relied on invasion to reap their rewards, occupying invading destroying countries killing millions of people in Iraq, Afghanistan, Libya and in the past Vietnam, Laos, korea i etc. They have blood on their hands and use democracy as an excuse to invade and steal! China has not done that! China itself has been invaded and suffered in the last. People need to wake up…of course even with China there may be issues but nothing like the white western colonialism!

Well no doubt of Bentings prospects …the political apathy and slumber is destroying Malaysia PLc…..but look ahead things will improve for the better and Demand for Genting products will be high as people look to spend and be free again!

As the economy recovers and GDP grows the beneficiaries are Banks ….all the world banks have made good recovery post Covid…and there is plenty to go and is a favoured asset allocation. International investment will return to malaysian banks…why CIMB was hit hard by corporate failures in Singapore and bank made some conservative bad debt provisions…CIMB of all malaysian banks has most to recover …with 2-4 view which could take it back to high 6-700 ringit mark…

HSBC is a U.K. listed bank that makes 87% of its profits from HK and China and has been looking to restructure and pull from its 120-140 country operations. Rumour has it may relocate to HK. It’s share price has been under pressure for some years now….and looking to rationalise it business strategy by reducing or pulling out of unprofitable locations.

Such low valuation ….can’t stay at this price for sure ! Rest of teh markets bank shares are on peak valuation …. Very disappointing …combination of lots of things.

EY will teach KPMG to find suppliers and customers addresses and add the debtors correctly? What a carry on!

Movement makes no sense!

Stocksafeplayer….don’t get to excited with infection numbers they are all over the place. They mean nothing as it is dependant on testing numbers..as many are not being tested and vaccinated the numbers will go up and down. 2 things we need to do learn to live the virus and get as many people vacinates as possible those who refuse should not be allowed to work simple. Need to be tough measures. Problem remains with foreign workers who are not in net.

Should also be investigated …there is a common theme.

Probability …spot on! The danger signs were all to see….I thought the level,of directors share dealings is a tell tale sign of conflict of interest and high chance of fraudulent activities …all associated companies should be investigated for sure ….even other director interested including Minetec for example.

Consultant …I take your point …then this action would prove that they don’t represent shareholders interest, governance etc.

Genting surely will move upwards on forward looking as it has good propose to going forward based on vaccination strategy…..people need to realise that CV is not going we need to live with it vaccine being the passport for taking risk ….WAKE UP GVT….TOP PRIORITY SHOULD REST TEST AND VACINNE AS WHO HEAD SADI TEST TEST AMD TEST NO OSY LISTENED

Director are buying ..with small sums unlike the fraudulent companies director who are always buying and selling their own shares….no names ….but obvious!

Mickecyc …Meow is averaging down! Buy high sell low!

The companies value has dropped by 1/3 and yet they are so slow in addressing the issues! Amazing…lack of aptitude….should be working 24 hours a day to resolve the issue. What a joke! Treat it as war, matter of life and death…..and act with speed, and clarity. The issues raised are not complex in fact they are very archaic way of conducting a fraud…abacus V computer.

Let’s hope for Malaysia PLC sake that the auditors are wrong or over zealous. FID is important for the market

If there is no fraud found or irregularities in financial reporting and governance ...than KPMG has lot to answer for and there is a case for litigation, as it has not only destroyed SD value and reputation but I dare say also reputation if Malaysia plc, This is a serious matter far bigger than SD itself...SC and authorities BN need to take it seriously.

Can’t see how KPMG would get it so wrong on something as elementary I terms of financial transactions such as this! These transactions are not complex compared to some financial products which were behind 2009/2010 financial crisis...which led to several very big institutions going down

Serba what a carry on! Really all this could have been avoided ....no winners in this, looking at some foreign press covering the issue suggests not surprising linked with high level of corrupting and low governance ....which is not entirely correct to taint everybody..but this what happens all this before the matter is fully concluded ...very unfortunate

Genting let’s go.....better times ahead, worldwide Malaysia will eventually follow when it wakes up

No need to refer to local analysts ...look how the banks are performing as an asset class elsewhere ....look back at 2010 ....have bias towards Banks leisure like Genting, Airlines, hotels and engineering and defence

Banks are undervalued ....when economy picks up post CV they will show tremendous growth banks in US and Europe have already outperformed

Mabel always economical with the truth!

Yinson management, I would advise you strongly to take legal action for defamation. This is the only way to address fraudsters. The bloggers details are available, and should be taken to the cleaners. The allegations are serious when you make comparison to Serba you implying there is fraudulent activity!

Serious allegations without evidence is a very serious matter that should be addressed in court. I think the accuser has got a Covid the Indian version

Las Vegas is heaving hotels and resorts all booked,casinos back in action ...according to new reports. The demand ha sbeen under estimated ...no doubt when things open up the move will surprise everbody.

Real trouble makers in the forum, spreading false accusations based on rumours and allegations!

Nobody is bidding, for Petronas, because Yinson has already established in this field and no one else can make it work as their bid won’t be competitive. Not surprising. Yinson will be subject to proper due diligence ...that is also a proof they are not like Serba as claimed by Calvin.

Calvin out or order my friend...when you make comparison between Serba and Yinson. Be rationale based on facts.

Very poor comparison between serba and Yinson.....Yinson sure have better overall governance and directors are not buying and selling shares on daily basis not to to mention frequent pp and rising debtors corresponding decrease in working capital. You have to ask why it has taken such a long time for KPMG and SC to investigate irregularities. Sufficient alarm bells. I reckon you may find other companies with similar practices....I hope not!

Yinson undervalued and not loved. Unlike Serba Yinson is not up to mischief, from waht I can see. There has been constant directors buying and seeking companies shares, PP, MOU’s hyping, which we now know what has been the problem. In contrast Yinson has good governance ...about time the shares price reflects its performance!

Think about it ....can KPMG be wrong. This debtor / receivables issue is not rocket science. The revenue has been inflated by setting up a trade debtor, by all accounts from overseas contracts. What has happened I suspect is rising outstanding debtors, rising borrowings without corresponding increase in cash over many reporting periods. If you do a simple verification on the relationship between these balances you will conclude that they need further investigation and if these debtor balances cannot be certified as being true and correct than there is problem...which is not an accounting error but a deliberate action to overstate companies financial statement...very serious. If this is established to be the case than I am afraid the company will collapse and may not be a going concern when all liabilities are taken into account. The directors concerned will end up behind bars in most jurisdictions.

I can’t see how a seasoned accounting firm can make such an error of judgement.

Which is the best call warrant for a gamble?Any idea?

What is the bell call warrant if one wants to gamble? Any ideas?

What a carry on!