This song dedicated to realdeal & talk..
https://youtu.be/LLCR4b10_X4

Shareinvestor88, should change your profile name to sharesell99, because you only shout sell on all the way at in your post..

Yes, therainmaker, the SPM subject need to be updated to include Computer science, and student should be divert to TVET ( instead of STPM) as alternative to universities, even the can't or don't go to uni, they already posses the skill /knowledge to be a technical worker or work force

Thanks, pjseow, linjie, MFCB going up, those selling at 4.5x-4.7x must be crying now.

Pjseow, roughly how much the power plant contribute to the eps in 2020 if its in full swing?

Really shit... Just 1 cent differ, fail to catch warrant at 2.30...

Standby bullet, collect mode.

GOODWAY INTEGRATED INDUSTRIES BERHAD
Particulars of Substantial Securities Holder
Name MR NG CHEE SIONG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name & address of registered holder Ng Chee Siong
5 Jalan Daun Inai 10
Sunway SPK Damansara
52200 Kuala Lumpur
Date interest acquired & no of securities acquired
Date interest acquired 14 Nov 2019
No of securities 24,273,853
Circumstances by reason of which Securities Holder has interest Acquisition via cross-market deal
Nature of interest Direct Interest

Total no of securities after change
Direct (units)
29,000,000
Direct (%)
23.855

Revenue boss buy goodway shares up to 23%

GOODWAY INTEGRATED INDUSTRIES BERHAD
Particulars of Substantial Securities Holder
Name MR NG CHEE SIONG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name & address of registered holder Ng Chee Siong
5 Jalan Daun Inai 10
Sunway SPK Damansara
52200 Kuala Lumpur
Date interest acquired & no of securities acquired
Date interest acquired 14 Nov 2019
No of securities 24,273,853
Circumstances by reason of which Securities Holder has interest Acquisition via cross-market deal
Nature of interest Direct Interest

Total no of securities after change
Direct (units)
29,000,000
Direct (%)
23.855

Any in mutliple of 300 unit . Unit After bonus = 5/3 X unit shh holding before ex.

Next qtr result will still affected by the listing Cost.

The price only Jump around 10% from 1.58, and this 1.58 was the ex div price that never recover( before 5c div, price around 1.63/4) this indicates price hardly move enough even with good Qtr.

Just like Mitra, Kerjaya success story.

Any one miss MFCB, might take a look at Jaks, both will be good power plant Darling

Bonus Ex date will be announced only after the EGM to approve the bonus on 2 Dec 2019. Anytime end of Dec or early of Jan.

Therealdeal, the best way to convince investor here as i say earlier is 1stly, let us see how others ERP competitor doing, any listed company here to benchmark with. Secondly, how much is the profit margin from each project they secure, without this to quatified, how, would you come out with the target price for this stock, Jaks is tailing up trend like MFCB because the power plant nearing completion like MFCB go thru, and can be quatified the return by comparing with other IPP operator im vietnam & Laos.

https://www.theedgemarkets.com/article/ocbc-partners-revenue-group-become-first-foreign-bank-offer-allinone-digital-payment

Repost from MFCB page

美佳第一辽国东萨宏（Don Sahong）水电站於11月12日提前完工，为该公司经过15年精心打造的发电站填上美丽璀璨色彩。

11月12日，机电安装分局承建的老挝东萨宏水电站3号机组完成72小时试运行，至此东萨宏水电站四台机组全部入商业运行，比合同工期提前48天。

为确保电流能高素质的传送，辽国及柬埔寨火速搭建输电线，工程接近尾声，全面配合电站的启用。

Well, giving a choice, will get a someone from East Malaysia to become the next PM or atleast a DPM.

Therealdeal, is there any listed com in bursa provide the same business ERP like ARBB for us to bemchmark their performance?

Thks,seow here is the news https://www.theedgemarkets.com/article/tadmax-active-after-getting-govt-nod-develop-pulau-indah-plant

Rivter, EGM on 2 Dec to vote on the proposed bonus issue, one approved, the ex date should be end of Dec ( if the mgmt is very efficient or eager to make shh happy happy), else will be Jan 2020.
SC already approved on the bonus issue application on 1st Nov.

leong1188, pjseow, how u all look those company just get their power plant project or going to start to build the plant like Tadmax, Toyoink, should start accumulate or waiting plant construction start or only buy 1-2 years before plant completion?

1075Mil share after full dilution + cash of (19C x 1007 Mil ICPS shares) RM191 Mil.
This qtr eps 3.54C with 244 Mil shares,
if fully diluted =3.54x244 / 1075Mil. = 0.803cent. If Annualised it = 3.2cent (. 803x 4 qtr).
Current price 38C is With PE of 11.8 with fulldiluted.

For those who buy from open market now
Using b) method to convert to normal share :
min 1 ICPS ( cost 13.5C) + 19 cent ( conversion price 20C - 1 ICPS nominal value 1C. Total cost 32.5, so mother price 38C, a gain of 5.5C (14.4%)
For those who subscribed at the right issue, use 20 ICPS ( 20 x 1Cent) to convert to 1 new shares of 38Cent, a gain of 18/38 =47%....... But if you sell each ICPS with 13.5C x 20 =270, u gain 700%..

If method b to be used by every one for conversion, , the normal new will be 15X the issue shares ( before issue of ICPS), so ypu eps will be diluted to 15 X.. So how much ARBB worth????

To decode ARBB, 1st you need to know how many ICPS in the market, and how this ICPS can be converted to Ordinary shares

ATURMJU-PA - RENOUNCEABLE RIGHTS ISSUE OF 1,008,150,000 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") ON THE BASIS OF 15 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN ATURMJU HELD ("RIGHTS ISSUE OF ICPS")

Profile for Securities of PLC
ATURMAJU RESOURCES BERHAD
Instrument Category Securities of PLC
Instrument Type Preference Shares
Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,008,150,000 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") ON THE BASIS OF 15 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN ATURMAJU RESOURCES BERHAD ("ARB SHARE" OR "SHARE") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON WEDNESDAY, 19 DECEMBER 2018 AT AN ISSUE PRICE OF RM0.01 PER ICPS
Listing Date 18 Jan 2019
Issue Date 16 Jan 2019
Issue/ Ask Price Malaysian Ringgit (MYR) 0.0100
Issue Size Indicator Unit
Issue Size in Unit 1,008,150,000
Maturity Mandatory
Maturity Date 15 Jan 2024
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 5.00 Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.2000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 20
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)


Remarks :
The ICPS can be converted into new Shares at the conversion price of RM0.20 ("Conversion Price") in the following manner:

(a) by surrendering of such number of ICPS with an aggregate value equal to the Conversion Price to be converted for 1 new Share; or

(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Share.

The ICPS may be converted into new Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Shares at the Conversion Price or conversion ratio.

If the conversion results in a fractional entitlement to ARB Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

This announcement is dated 17 January 2019.

MEGA FIRST CORPORATION - Waiting To Reap Gains
Author: PublicInvest Publish date: Mon, 4 Nov 2019, 9:18 AM

It is pleasing to note that Mega First’s (MFCB) Don Sahong Hydropower project in Laos is almost complete pending the testing for all four turbines. Testing of the final turbine should some time next week and will be ready for operations ahead of commencement of its PPA on 1st Jan 2020 under a “take or pay” scheme. Meanwhile, MFCB’s 3QFY19 results are expected to be released on 18 Nov with expectation of smaller construction earnings recognition given the hydropower plant being at the tail-end stages. We raise our SOP-based TP to RM5.71 after removing the 10% discount attached in our valuation model with the dissipation of construction risks, as well as the lower beta attached given the plant’s completion ahead of the timeline.

In the midst of testing turbines. The first of four electricity turbines at the Don Sahong Hydropower plant on the Mekong river in Southern Laos’ Champasak province was tested on 11 Oct following the 4 years of construction. The test was witnessed by Laos Minister of Energy and Mines Khammany Inthirath. MFCB will test each energy generator every 10 days and, with all the generators expected to be fully tested and synchronized by end-Nov. As the new 500kv transmission line is not ready as yet to cope with the full energy generation, the group plans to run 2 full turbines and shut down the other 2 turbines during these 2 months. Based on our rough estimates, it will be able to churn about USD6m (RM25m) of electricity sales in 4QFY19 which will be recognized as per the normalized margins guided by auditors. Meanwhile, capex for the 5th turbine, which has a size of 65MW, will be around USD60m (RM246m), and is expected to be ready by 2023.
Transmission lines. Our checks in Cambodia have revealed that the 60km 500kv transmission line from Laos-Cambodia border to Stung Treng is almost 90% complete. The new 22km 500kv transmission line from the Ban Hat substation to Laos-Cambodia border is already done, and is awaiting streamlining of both the towers. Following the recent power purchase agreement signed between Laos and Cambodia involving 2,900MW, we believe all electricity sales from Don Sahong will be sold to Cambodia due to its close proximity to the country. It also allays fears of not being able to monetize its electricity production, which could have led to payment issues for MFCB.
Eyeing solar projects. MFCB and Pekat Teknologi S/B have recently established a 55: 45 joint venture called MFP Solar S/B to undertake solar projects up to 10MW in Malaysia, which is believed to give far better investment returns of 10%-12%. MFP Solar S/B will be the engineering, procurement and construction and commissioning (EPCC) contractor to undertake the installation of solar power projects on the rooftop of industrial and commercial buildings under various models, namely, Build-Operate Transfer (BOT), outright sale or leasing. MFCB will ride on Pekat Teknologi’s vast experience in the solar industry. For a start, the JV intends to tap on multi-national companies for opportunities.
Source: PublicInvest Research - 4 Nov 2019

Bigbull99, if u look at the PE of UWC ( PE22, ) still behind greatech ( PE 26).

https://klse.i3investor.com/m/blog/LouisYapInvestment/232514.jsp

https://www.klsescreener.com/v2/news/view/595830. Malakoff sold off Aus wind farm to peel down the debt.

https://jaxenter.com/blockchain-and-devops-159047.html

VR时代来临‧立通虚实融合 | https://www.klsescreener.com/v2/news/view/595166

Warrant hv bonus also.
Before bonus issue conversion price 1. 25, after adjustment conversion price 1.25/5 x 3 =75 cent.
Before bonus, 3 warrant conversion payment =3W x 1. 25 = 3.75.. After bonus 5Wx.75 =3.75.

Post 2 for 3 bonus, price will be :
Before bonus 3 lot X 1.71 =5.13,
after bonus =5 lot, 5.13/5 =1.026..
Or simply. 1.71/5 x 3.

Kkwn1718.

https://www.klsescreener.com/v2/stocks/view/0201 , click the historical price

IStone is in the IR4. 0 industry where every developed or developing countries are heading to, its just a matter how fast & how much Istone can grasp.

Hotwires, u might comsider to keep some as free stock ( eg u bought 5 lots dsonic 57c & sold at 71 c, why not just sold 4 lots, keep the 1 as free share.

If look at the current PE, its, not a low not too high 24.56, the potential of moving up would be limited, unless the next QR show a exponential increase in profit.

但是老马还是把党和种族政治利益放在国家利益上

Revenue W, 51 months to maturity, conversion price 1.25, gearing 2.35, premium less than 20 ( 16.96) very low premium for a growth stock.

（吉隆坡11日讯）大马电子钱包使用率甚低，为提高国人使用电子钱包，《2020预算案》宣布，凡年龄18岁及年收入低于10万令吉者，政府将会提供一次性30令吉奖掖，以鼓励国人使用电子钱包。

乐天交易副总裁刘松增表示，市场上电子钱包多达数十个，除了银行推出自身品牌的电子钱包，拥有自身品牌电子钱包的上市公司包括亚通（AXIATA,6888,主板电讯媒体组）旗下的Boost及联昌集团（CIMB,1023,主板金融服务组）旗下的一触即通电子钱包（Touch'n Go eWallet）。

“奖掖只是一次性而已，未必能见效，除非有关用户习惯并使用不断，那就另当别论。另外，银丰集团（REVENUE,0200,创业板科技组）多少可受惠。”

关于电子银行一事，刘松增认为，这需要时间观察，毕竟详细的框架尚未出炉，无法得知影响。

推动数码科技
有助企业迈进工业4.0.

“值得称赞的是，政府给予众多奖掖予新创公司，这类公司将以数码科技，鼓励新创企业发展，有助企业进一步贴近工业4.0.”

迪耐（DNEX,4456,主板科技组）执行副主席拿督三苏胡申透过文告表示，政府积极提倡数码化在各个组织、企业及劳动力，包括发展各种数码基建、内容、奖掖与数码化，可改善企业营运环境。

“这些措施有望达到数码转型进入工业4.0，奖掖计划将是为工作及企业带来改变。”

https://www.thestar.com.my/business/business-news/2019/10/11/budget-20202-e-wallet-stimulus-big-push-for-digital-payments-boost-ceo-says

10月7日，越南海阳2×600MW燃煤电厂项目启动锅炉水压试验一次成功。
　　启动锅炉是保障机组调试至关重要的一环，为确保设备到货后能够快速进行安装，专业科提前编制了专项施工计划，设备到货后，项目部迅速启动安装，施工过程严格按照专项计划，定期盘点、及时纠偏，确保施工进度满足计划要求。水压前，专业科、技术质量部、EPC、OE及BOT进行联合检查，确保无误后开始上水、升压，整个水压过程顺利开始，圆满结束,一次通过。（蔡堂厚）

Director sell mother to buy Warrant.?

Yup, thks VivaVivo on the write up to clear the cloud that cover the shine of DRB.

I think the Director also have the thought like cytew, sell mother, buy warrant .At the present Rev wa price ,it is traded with 15-16% premium with 54 mths to expired , with 2.4 gearing . ( if both gain 5 cents , wa will be 2.4 times more return in term of % gain) . A 15-16% premium for a rising performance co is definitely under justify it value .

With Mother share 1.61 & warrant 64cent , warrant only trade at 17% premium , with a good prospect co & 54 mths to maturity , it ahould be at 25-30% premium which is 1.61x 1.3 = 2.09 , 2.09-1.25 ( conversion price ) = 84% .
If mother hit it target price by Kenanga 1.98 , warrant should worth 1.98x 1.3 - 1.25 = 1.32..

Any update from AGM & EGM today ?

What do we hv in Qtr2 19 ( oct -Dec 18 ) , 11 11 single day aales, Xmas & New Year's sales , cuti cuti sekolah & balik sekolah sales in Dec .

Let look into how listing expenses & no of share affected the PBT/ shares

Q1 19. Adjusted PBT =38.52M ( 32.12m+ 6.4m) , Q4 18. 32. 55 M ( 27.28M+ 4.97m) , Adjusted PBT = PBT + One off listing expenses) .
No of share Q1 19. 222,848 ,000 shares compare with Q4 18 167,136,000 shares.