https://oilprice.com/Latest-Energy-News/World-News/API-Reports-Large-Inventory-Build-As-Oil-Falls-Back-Below-100.html

What looks like a build is Actually a nett DRAW of -2.1 Mil. 'SPR' draw was -6.9 Mil barrels for the week ending July 8th.

Bank’s in general are still doing well and dividends are adequate. Expect this QR and DIV to be good. US tapering should not be an issue as alot of foreign funds has already pared down their stakes since 2018. Furthermore Fed tapering should be gradually done, if and when it happens. Expecting a 20 to 25 cents dividend this round.

The next quarter earnings should be business as usual. Brent is still high. Even if the MCO lockdown persist, Oil and Gas operations should not be affected. This sell down does not make sense, just dumb market fear

Hmm... the results doesnt look good. Impairment writeback aside, the operations looks dismal. The initial Kenanga report clearly was overly bullish. Also with or without the Forex adjustment, this quarter is an operating LOSS. No wonder the ESOS and other Insiders kept selling during this period.

Selldown is not smart. The company's operations would not be affected by this possible 'state of emergency' as stated in the news. Focus should be on JCY's earnings this end of November and future global demand.

Quite Spineless stakeholders. With possible impairment WRITEBACKS, the earnings and dividends should be good moving forward according to the CEO interview and Kenanga analysis.

The share base is 2.4 billion. Which means every profit/loss of 100 RM mil = 4.16 cents. The NTA is only 8 cents. The share price movement is definitely suspicious regardless of the collaboration. The maths dont add up at 26 cent closing price. 432 million net profit in the next 3 years? Buyers beware

The share price was already heavily discounted prior to the earnings announcement. Impairment charges can be written back. Also Its a non cash item. More importantly is future earnings. If anything, it looks like the next quarter result will look much better as brent prices recovered alot since April lows.

Old days, Brent at this level, the share price already70+

Haha your right @MicSoh, these boys no balls to push

Oil traders are worried that OPEC+ is possibly contemplating raising production during the coming Wednesday meeting. If they do decide on an increase, it also means there is an increase in global oil demand

I noticed the cross trades too in the recent days. In the last 1 to 2 years, how frequent are these cross trades? Sometimes, there are made to create fake volume/activity to entice retailers. U can see this kind of trades on phone APPS but not on the computer.

Still grossly undervalued. Should eventually go up more

The syndicates use manipulative tactics to take advantage of peoples fear and greed. This counter is one of the worst ever in terms of sheer volume and value traded. All the fast big movements you see on the screen is evidence of that. Bursa should track all these transactions to protect minority investors.

Looks like the same money that push up are also the same money that push down. Not just the retailers but these 'funds' also look like contra players. The fundamental investors just usually buy and hold. Quarter earnings losses if 'any' should be just a relative small loss. Sell down is unwarranted if by 'fundamental standards' as this counter is grossly undervalued based on current bull brent oil environment and cumulative contract gains. Punters are making a mess of this share counter ever since Mokzani sold off his stake to these so called 'funds' and left the 'free float' % high....

How sure are u guys that results are going to be out today and not this Friday?

While Parkson has decided to leave Sungai Wang, the impact on net profit is minimal. Further more, in the worst case scenario even If Parkson was to discontinue their tenancy on the other 2 malls in the CMMT portfolio, the decrease in revenue would only account for approximately 4.5% of total revenue. This figure is from the 2017 annual report. Do the math. Overall rental income is still decent. Panic selling is unwarranted as this share is undervalued.

i get it that US treasury yields (3% est) are coming up, but this market price reeks overkill. At $1.10 , gross yield is about 7.45% (8.2 cents dividend) With all the talks/statistics about property over supply for this 2 years or so, mall prices and rentals have more or less maintained. Prices move fast in todays market. As swift as this came down , the recovery will be fast too

Gut feeling is some parties are messing around for sure. The company fundamentals doesnt warrant such a price. Rather go long than short at this price. Once their game is up, the price should recover.

KJ Lau, how do u know ?

U can thank CMMT (CIL) and those other parties that took up those placement shares for this MESS

The placement at 1.32+ 0.05 (4.61) dividend... should be AT LEAST trading at 1.37.

Aside from the Sungai Wang, FED rate hike, Ringgit weakness FIASCO.... This private placement deal has been detrimental to the share price. ''Weak trading price even on the last trading day before Ex''. Those picking up the placement shares would have profited by selling off their existing holdings at any price higher than 1.32.

Dude... it means the dividend will come a month earlier than last year for this financial period

The rentals from Sungai Wang (62% ownership) will recover in time... at least its doing better than BB Plaza.... In the meantime the increase in rentals from Gurney, Mines and East Coast will offset Sungai Wang...

Prolong weakness and further deterioration of crude oil prices will induce more capital outflows thus weakening the ringgit. A strong US dollar will bode well for this company.

Seems these days, greed and fear plays an even bigger role. One day its like gold and next day can turn into horseshit. As at Q3 NAV stood at 91. All the analyst forecast that next year this company will churn some profits. The risk to earnings is the increase of quantity of Shale oil and lower cost of production to extract this rock oil. Despite such a scenario, the sudden sharp drop in price is absurd.

Q3 NaV is at 55 cents. Next quarter earnings should be decent as global cloud computing growth is rapid/ exponential. Under this scenario, the company will probably declare another dividend. At current prices, PE is still under 10. The real risk at current prices is a U-turn of the US economy, sharp GDP decline in China and ASIA PAC. Though all 3 scenarios is unlikely at the moment. In the view of the considerations above it does seem that the recent selldown is overdone.

Positive news with regard to the extent of the fire and insurance status http://www.bursamalaysia.com/market/listed-companies/company-announcements/1725285

This incident should blow over after the negotiations. Damage will be covered by insurance.

Gotta look further ahead... after the placement... there will be a dilution effect .... however the gearing will be much lower... giving the company room for more acquisitions...

Prolly GIC is selling their remaining holdings on the open market... Price should firm up once there are done.....

Speculation that QE3 is coming to an end. Possible scenario that the US dollar appreciate against the ringgit. Driving up local bonds yields thus narrowing its spread against Reit yields.

Base on past records detailed dividend announcement should in Aug and probably go Ex in Sep.

Titicamara..... left pocket, right pocket.... nothing much just looks like stream lining thats all...

1 treasury share for every 30 ordinary shares held. Check the bursa announcements.

Delay in the 1st quarter earnings report?

U guys think they gonna pay another round of dividend this year? Or they gonna plow more into Vietnam?