Insas is moving back to 0.870....starting point of 2 horse race....someone has shifted the finishing line back
to starting point for Insas.....All race is straight line but Insas is running in Circle

The tobacco black market incidence saw a decrease of 0.4% from 54.8% to 54.4% in the current quarter----
With a 3.3% increase in volume as compared to same period last year, the Group saw a 0.5% rise in revenue,
totaling RM609.9 million
_______________________________

A very small drop in Black Market and a small increase in Volume will generate a Very Big in Dividend next
Qr Bcos BAT give out nearly 70--80% profit as Dividend----My BET big dividend next Qr bcos Anwar wants
Custom to stop Black Market by big allocation in Budget 25 to Custom Dept

Looking at MACC suspect corruption interview for 1BestariNet, YTL boss is main actor with intention to hook
Muhyiddin---electrical shock trap lay all over Bursa Doors for YTL

stock dividend better.
Next 2025 budget
4% dividend cash tax and 4% dividend stock issue tax。U think want to run from gov tax?
________________________
There is loop hole here---stock dividend is declare as Investment if you donT sell immediately( 2025) Bcos
2% Tax is tax as Income for the year perse.....As for small " fish", after 2-3 year you quietly sell and declare
nothing ( sell when dividend is within 100,000 Cap )

Petrol Car will still rule Malaysia Roads----My son regretted buying a Tesla. Every other day 4 hours charging Bat.
2025 budget has NO announcement to implement Charging stations plan ( has no idea what to do bcos PM is driving Petrol Car

Indonesia population come very near 300mil ( Malaysia only 34mil ) Indon cannot afford EV within next 10yrs
so they have to depend on Oil extraction---Any Rigs movement from Malaysia water to Indonesia is fast and
cost much Less, ----much lower than said Thailand or Vietnam ( got monsoon weather )

dnex change CEO.......Bad planning and management, maybe lose NISS too....Dnex taking too many High Tech
project whose CEO( kick-out) has no idea about the High Tech industries ( just a Oil Man )

https://oilprice.com/Latest-Energy-News/World-News/Indonesia-Looks-to-Revive-Its-Oil-and-Gas-Industry.html
______________________

Velesto no longer has to depend on Petronas----I think Petronas will "lock-in " Velesto capacity in 2026--30

paying cash dividend is a bad option ( 2% tax on dividend ---Big boys hurt ) So stock dividend better.
Insas huge Cash pile no longer attractive except got new investment

hybrid Cars are using just 50% petrol ( even less in new engin design ) Japan will do everything to move
away from Chinese dominating EV---rotary engine by Madza uses less than 30% petrol based on current
model-----What we see ( i guarantee ) in 2025 onwards most Cars in Malaysia will run on 3 cylinder below
1.0L engine ( maybe just 500cc --300cc )-----1.5L engine will be dinosaur very, very soon ( my worry my car
sparts )

price drop is linked directly to remove subsided RON 95---However from what i heard from politicians, only
50% are affected----Those earnings below $3000/month, Gov is going to e-wallet subsidy----For sure
many above 3000 will receive subsidy too ( politician buying votes )----most chinese will Not received any
thing but these are working people, dont roda-roda ( they lepak in office )--I think if you are using Honda Cub,
you hardly feel any pinch but instead receive more in the form of subsidy------So what industries get hit
most, Local Tourist Spots and fishing kaki like me ( have to travel 100km to fish a tilapia

so high tech meh??? Saw 2025 models ( 3 models ) Really Good looking

maybe remisier "salah " Key-in or foreigner looking for next dividend ( 10sen )

Israel has phosphorus bomb if they really want to burn down even metal pipings ( phosphorus bomb can
generate extreme Heat which will melt metal pipe --massive damage in making---I heard Israel PM say many
many times )

endless cash call ---another 10% PP. This management really got problem

for the last 3 Qr, cash generated is around 30--50mil----what pop-up profit is Selling Asset 150--250mil every
Qr without failed----Without disposing asset TG should record Net loss every Qr in 2024 from 100--200mil
which is far worse than Other Glove Manufacturers in Bursa

appreciating ringgit is making TG glove expensive ( like Super, TG has to increase selling price ) I getting news
China Glove to USA volume is Not dropping bcos Chinese Traders are repacking in Mexico to avoid US tax...
to further confused US custom, Glove are ship from Vietnam and Thailand to Mexico mixed with local
mexico manufactured Glove

one more thing, why White knight "donation" 1 billion never appears??? Look at SAP capitalisation 643mil Only.
White Knight can Buy entire SAP market Value---PNB will never issue shares as collateral for One Billion Loan--
How PNB is going to resolve this anomaly---your guess is as good as mine

Regardless what Court says---SAP Cannot be unloaded. period ( way below Cost ) That is the reason i say PNB
is a Huge Shark stucked in a Drain ( cannot go anywhere ----have to Goreng up the price )

i donT know how can Sharil family settle SAP shares without going bankrupt Call by Bankers??????????
It is obvious Shahril SAP shares are finance by Banks.....Say at 40cents ( worth RM720,000,000 ) Now SAP shares
just worth 72million @ 4 sen
It is quite obvious in a "quarrel ", one side is trying to bankrupt the Other ( the one holding more Sap shares )

My guess ( supported by oldtimers ) SAP has to "settled " 10bil Loan in Novemeber 2024 bcos most of SAP contracts are based on 3.80 exchange rate---Profit evaporate rapidly unless supported by another 5% decrease in Steel Beam price. Most of last Qr profit comes from material price Deflation---However 2025 is very very fluid with China pump priming market and trying to revitalize Housing Market ( If China succeed, construction material like steel Beam / plate will inflate rapidly cutting very Deep into SAP profit margin in 2026 )----I think Management also mention ( in last Qr results ) appreciation ringgit has expedite loan restructuring timeline--- So I think Loan restructuring or Hair Cut News will be released in Oct / early November

Good Guess 10cents dividend next Qr for CNY2025 angPau

Listening to news last 2 days, it looks almost sure Israel will strike Iran Oil Export terminals----Maybe next week
Oil will breach $ 80 +++ Iran will surely Hit Israel with 200++Ballistics Missile Again---My guess war
will not End so easily in 2024

Tenaga and water supplier is a better BET

https://malaysia.news.yahoo.com/oracle-invest-6-5-billion-003215146.html
_________________________
As i said Google is just one Data Center players---next Giant(s) Oracle ---competition is fierce and margin
is thin as best ( reseller )

https://oilprice.com/Latest-Energy-News/World-News/Indonesia-Asks-Exxon-To-Boost-Oil-Production.html

EU cannot produce economical EV car yet tries to Ban China EV,
India, Africa and South America have about 2.8 Bil population Cannot switch over to EV without financial
support from Rich countries ( both EU and US spend 1.3 Trillion in Ukraine war--need more taxes for Gov
machinery to function, donation to poor countries, you dream ) Furthermore USA 35 Trillion Debt, will
surely turn $ into toilet paper sooner or later

what is cloud services? It is just a giant memory storage bank install on the Ground ( cloud is just marketing
gimmick )---My last count there are 10 data Bank in Malaysia ( Google is just one of them ) Competition
is very stiff so margin is very small-----so many sui yee

Hair-Cut first propose is 100% then 80%, then 60% Now 50% going to court for a Vote----50% Hair-Cut if
approved will CUT debt interest by 100M ( still alot ) e.g for this Qr without forex loss---Net profit will be 245M

SapNrg
NTA why improve 4 sen any1 noticed?
__________________________
that is why you have look at the cash-flow( spend more time on results data )---Once SapMov is confirmed
sold---NTA will improve further--- once more cash flow in. I believe forex loss remains High in 4Q however
i believe Drilling will continue to generate more revenue ( take note Drilling is recording loss bcos of high
depreciation---Seadrill bought at high price, nothing management can do )----I think 4Q is about the
same as 3Q however forex loss will be lower therefore Net profit should be slightly higher

Upgrade price to 5.5 --8sens

Very Good Qr.---As I said 100 profit possible----Vow operating profit 347m-----Forex Loss Cut off 100M

this, the Corporate Debt Restructuring Committee (“CDRC”) extended the standstill
period for the Company and its relevant subsidiaries, up to 10 March 2025. The
Group is currently drafting a proposed restructuring scheme (“PRS”) which will be
voted upon by creditors during a court-convened meeting.
_____________________________________
As release by media, the moving parts are actually foreign Banks refused to take a "Hair-Cut ". So
management is going to used the Court to forced " foreign Bank to accept a Vote among themselve "

Sap holdings shares initially belongs to Shahril Father but transfer to his son(s)---Shahril Father actually announce
Publicly that he wants Back the Shares ( I think serious Family problems ----no further comment from me)

Management didnT used Forex gain / loss in recognising Net profit so you see little impact ( QoQ. But higher ringgit will surely low profit ( a certain extend only ) bcos Contracts are in US$---However if ringgit trend is strong
management can always hedge against spare parts ( drill Bits, piping and even salary in Thailand & Vietnam )

today SAP results should be released---public holiday 26 / 9???????

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Says-Phasing-Out-Oil-Is-Just-A-Fantasy.html
_______________________________________________
EU forcing others developing countries to go Green has suddenly losses All its teeth bcos BRICS suddenly
formed----BRICS are saying United Nations can kiss "my ass" on Climate policy. To pass ANY UN policy,
you need only EU and USA( total control ), now we have United BRICS council ( i coined this name ) controlling 59% of World trade

foreign buying, local quite----last round foreign selling, maybe different group started buying velesto again

1.70 is Highest since listing as OSKH, turn very bullish if breach 1.70 again

i think BN will go alone in GE16, bail-out SAP is important as 95% vendors are UMNO member

2023 BN agm, SAP vendors have a serious discussion with Zahid---I think 1.5B is for Vendors only But, anwar
has to "hide" this money ( not to look like bail-out )

India is switching to Soya Oil bcos palm Oil is more expensive ( no thanks to RM strengthening ) I think RM
will strength further as USA keep cutting Rate-----Palm Oil not laku until China comes back from recession,
donT see turn-around in China in 6 months time

So is Super better alternative??? Again No in next 3 years---I think Super will suffer losses in Start-Up USA plant.
Even though Super said they will use more advance machinery and no Cheap Bangla BUT, always big but
bcos Blue collars Technician ( normally Union member ) are Hard to get and not cheap ( about $30 / hr )
So Super will send their Malaysian skill technicians to US plant? Also not cheap bcos salary compensation,
Housing for spouse and Children---My experience it is about RM30,000 per month

if Trump wins in just 2 months from today than 100% import tax on BRICS countries---if Kamala wins (import
Tax on BRICS ??? Depends on economic advisor to Kamala. Is USA going to surrender US$ dominance--Big NO

if you are a small contra player, Dont touch SAP---you never win. I know the few Commercial Remisiers
controlling price after much digging. Small fish or normal remisier max. buy/sell volume is just 500K per bid
these big fish can buy/sell 5M per bid ( they can close any Hole in just one bid---how can you win )

A well executed Trap always awesome to watch

my guess if without impairment cost---there will be a net profit mainly comes from strengthening of ringgit
bcos SAP loan are in US$ ( 10billion ) Operating Expenses and finance cost will Drop--- DonT think revenue will exceed 1.1Bil
So expectation is around 100mil profit ( if God approves---hahaha )

https://theedgemalaysia.com/node/725303
Confirmed 3rd Malaysia Port Carey Island----PKNS TaiKo ( KPS restructuring Construction Entity to capitalise )

my bet tomolo is another crying day

even Gtronics is Hit by IDSS suspension