usually a 30% drop ---even with Good Fundamental needs 2-3month to recover. But Good thing is, Velesto
got thousand of Uncles and Aunties acting as supporting pillow to Break this deep plunge....Maybe Up &
Running within 2 days after some Kopi Kaw-Kaw

I think Velesto drops about 9pts so for strong technical rebound 70% from bottom, 24--25sen is target
within next 2 weeks

PNB holds 48% of MayBank, if Banks liquidate SAP asset( 3-4billlion asset) belong to PNB. Sounds very
hilarious bcos what PNB does is Raiding Right pocket to fill Left pocket. I donT think this Debt fiasco can
ends in 2023, it is better SAP management Dig a very big Hole to get itself Out ( ie make more money
while Oil is still in Up cycle )

Most important thing is coming Qr results in 2 weeks time

CDRC extend Debt fisaco to 9 Sept 2023 ---another 6/7 months Breathing space for SAP

PNB is still holding 4.765Billion shares at 30sens. How many shares are syndicate holding???

DatoKembara
My remisier share with me something about SAPURA today. Big things coming. keep your ticket
_______________________________
Please enlight me what your remisier Said. I cannot trust my remisier bcos the last time i trusted him is
when "Ah Loong" painted my Car Red

just now 18sens said too expensive. Now 10mil parked at 19sens. Today closing price???
Tomolo 20sens very cheap

company. Lenders are going to want their money back. As Top Glove now has no profitable business, I can't see where it's going to get be able to borrow from to repay the billions. Sadly, defaults seem inevitable.
_______________________________

India Snake Oil is Big Biz. T.Sri has been promoting thru Himalaya Snake Head for almost 3years. Now is
the Time to change from Glove Biz into Organic Snake Oil. Sorry i donT know what is Organic snake Oil??

Look at Velesto Operating Loss----only 1.1mil But Market turned upside Down with 581mil Vol. I am scratching
my Head what is going on. Banker screaming massive loss but the writer is a junior analyst ---didnt know
how to operate a Nasi Lemak store yet........Let see tomolo who is playing the market

Bon888
Is the Foreign currency translation RM 141 million negative something we need to worry?
__________________________
NO! for the year 2022 Velesto foreign Gain is 124Mil ( look at first page Qr ) This is just a accounting entry
non-cash. Since most equipment/spare parts are quoted in US$, if you have No US$, you paid more

Integrated Service Section
The segment recorded loss before tax of RM13.9 million against RM1.8 million loss reported in the corresponding
quarter mainly due to one-off RM11.7 million costs incurred due to unanticipated changes to work programme,
prolonged wait on weather period during the demobilisation and adjustment of inventories of RM1.9 million.
_____________________________________________________

I think the Market has over-reacted. The Biggest losses come from 2 segment(s)---RM 11.7m + Rm15.1mil
One as above RM11.7mil Due Weather delay from changing work programme. New Contract, New work
program. Most Rigs in 2022 are either under repair or NO job.
2) RM15.1 losses comes from Reactivation of 4 WorkOver Units ( mothball for 4--5years )

The losses are NOT recurring bcos Velesto got jobs for All Rigs in 2023, even 3 workover units has jobs

nowadays you hardly heard Razifi talks about SAP. According to my Datuk, thousand of Bumi Contractors have signed petition to Razifi to save them if SAP goes under ( atleast some jobs to pay Bank interest ). O&G jobs
are not making longkang, just cannot be replaced

SAP should better manage Cost than Velesto bcos management started much earlier to rebuild Costing for
existing PN17. Anyway, Velesto terrible costing is direct result of jack-up Rigs getting not enough Jobs in
2022 resulting in cost overrun when New jobs are received in 2023 but in Different locations that need
moving Rigs ( very expensive ) Most likely One time Cost.
One month time SAP will announce Qr result----until then??

Gamuda is a Sell based on lousy Anwar Budget. If Gamuda donT get job outside Malaysia, price will surely
goes down month by month until Jan 2024( next budget)...Every Existing project are subjected to Fat Trimming
How to make money?

Of course we dont have this type of Political power Except if Najib returns

OskH's NTA 3Q22 reached 2.70.......Easily arrived at 3.00 in 4Q23.
Said in 2000 when UMNO is supreme. Politician can arm-twist OLH to sell Osk at 1.00 and then Break-up Oskh
to fully value RHB portion.

I spend most attention on SAP & Velesto bcos Petronas is going to spend atleast 30bil / year for next 5years.
The reason is very, very simple. First thing first you Must has EXTRA Oil from Oil Wells to kick start All other supporting Equipment Supplier like platform, Tug Boat, Connecting piping. No extra Oil from Ground, just Talk Cock. So Jack-Up Rig is Most important, no other equipment comes First.....Think about it~!

I thought syndicate will push Velesto to 30sens this week but since today is Friday, And slightly over one hour
left, i take 29sens anyway........hahaha

Armada Biz scope is similar to SAP but completely different if compare to Velesto

Public Bank & Kenanga con by Genting Black Table

I think Velesto biggest "happy" item will be ---Net Reversal of Impairment for 4Q22
PNB selling small block they used to support Very Stone during plunging times One year ago ( now made
100% profit ). Average PNB holdings is still around 30sens ( restructuring/bailout Cost )

My 1 kilo Gold is worth US$ 50 billion......a little fantasy

China is buying Gold, Russia piling Gold and Saudi has announced moving away from Trading US$ for Oil.
What happen ( will happen ) when the rest of World decided to Trade in another currency( or basket of currency )
US$ comes flying back to USA and US inflation Rush to 100,000% or become Zimbabwe money ( 1 billion to
Myr 137 today )

PNB pumped 2.68Bil into SAP and MayBank share of 10Bil ( maybe 5Bil) So PNB will lose about 8Bil if
SAP default. That is Total PNB payout Dividend for 2022. If there is No "White Paper" in Parliament, i will be
very Surprise. PAS will say it is PH fault bcos of Mahathir mistake

Looks like next week Velesto will break 30sens before 4Q release. Price has support everytime falls below 0.235

Quarter Result
SuperMax
Quarter Result on 31-Dec-2022[#2] QoQ -1,992.61% YoY -325.89%.
______________________________

Yes!! Nobody can stop "the Virus" But SuperMax 2,000% Drop QoQ can Floored TopGlove like Mike Tyson
Left Hook

Alaphbet/Google has 190,234 workforce ( cut 12,000= 6% )
Microsoft has 221,000 employee ( cut 17,00= 5.6% )
Both Co. Cut employee in 2023 after massive employment push During Covid-Era...
More like a normalisation process in 2023......You "Cannot" have a Recession if USA Employment is still
Surging Upwards----Maybe in 2024-5, a recession might Drop-by, But Fed is Cutting Interest Rate in 2024 for
Soft Landing

FabioDulan
Became toilet paper grade
_____________________

Next grade of Toilet Paper should be "BigFoot brand"---3 pieces of tree Bark. If it bleeds, it's Good

If All Biz is Bad in 2023 (Malaysia), then All Mutual Funds and Big Time investors will flood Velesto with their
Extra Cash since Petronas sell Oil Overseas and doesnT depends on local Economy

I am also looking at " reverse impairment Loss " in 4Q22 results. If all Velesto Rigs are working it is natural to
revert back outlook....the number is in "Billion" but i think management will slowly reverse/annouce in stages

Looking at 3years Chart, Velesto is in higher of High which means it will retest 30sens ( given huge Vol. and higher Price). After 30sens, next will be 35sens and 40sens. Price can shoot up in a few Days Or a strong push over a
month or so. Strong 4Q22 earnings will be major catalyst-----if Good results will be out 15 or 22Feb

Brent Oil jumps $2 at 5PM. Dont know why? Tonite watch Bloomberg to find Out

MayBank and syndicate could be behind big up and down swing. Banker gives damning future while syndicate
dumped to shake-out "loose" holders. Then they sapu everythings

The biggest shareholders are PNB( 40% ) and Shahril ( 10% ) Neither are Selling so there is a safety Net
( as compare to SerB, you see CEO keeps selling in 100's million each round---I cannot understand how
people are so brave to keep holding SerB )

Looking at morning "Buy" parking for last 2 days, SAP seems Next Big Goreng Counter. Honestly I donT see
Any Bursa counter that is worth to Buy or Goreng. Market has No news except Oil price that is agitating SAP & Velesto

Never see a Velesto Director buying Velesto shares since 2015!!!!!!!!!!!!

as long as 4Q22 profit are register in 1Q23 for Taxes, what can Gov do?? Trying to prove BAT avoid Vaccine Tax, is
more difficult planning to go to MARS bcos management has ONE year to plan how to avoid this Tax

Strange feelings that BAT is under reporting to avoid paying for Covid TAX. 4Q21 is much higher than 4Q22,
for me is strange bcos that timeframe was when Covid Delta going rampant ( everybody just freezed at that
time ) To cement something is wrong with Covid Vaccine purchases ( even when Anwar just step-in as PM, he already hint us something is Wrong ),Today, Anwar is submitting a "white Paper" to Parliament ( no idea what is
going to Happen ) -----I think many, many Corp. may report less for 4Q22 to avoid Vaccine Tax---Tax money
suppose to pay for vaccine, happen to slip into someone pocket

https://oilprice.com/Latest-Energy-News/World-News/Fitch-Expects-95-Oil-In-2023.html
________________________________________
Fitch expects $110--$95 Oil...I think Fitch is more reliable than Others bcos Fitch is a Rating Agency.
Others could be "paid" agent for Big Time Shorties

F&N Quarter Result
Quarter Result on 31-Dec-2022[#1] QoQ + 101.03% YoY + 113.87%.
_______________________
Consumer Spending on Soft Drink leapfrog by 100% ( Buying for CNY 2023 ) I think Cigs and Alcohol Sales
are also Leaping if Not 90%, could be 70% increase. Almost everybody decided to Balik Kampong this CNY
making SoftDrink and Cigs/Alcohol a Must have item.
Anyway 7--8Feb, Qr results will be Out

IF 70% of 0.250 Parking are eaten by 5:00PM., next Tuesday will be another Long March UP. Bcos 4Q22 is
predicted to be Good. Very Good compare to pre-covid Qr. And results Out will be around 22--24 Feb ( usually
Good results fly out faster than normal Qr )

Velesto should Not "Married" to SAP. Period! Velesto has only 270mil short-Term Borrowing.
SAP has to restructure Badly. Selling All its Jack-Up Rigs and Ends Oil Exploration Units are first thing First.
What ever asset left should be directed to "Green Tech" like Floating Sea Solar Panel and Wind Mill bcos
SAP has expertise in building Sea Platforms

People with Patience will Win All. Bankers give Tp are all Long term (2yrs). They will up-grade every Qr. They
cannot give TP 1.50 or 2.00 Without Earnings Report Or else Bursa will Call them for Breakfast Coffee (my remisier
say this everyday bcos his Big Boss drink Black Coffee with Bursa every now and then)

Volume has been building after CNY, today just Up 40% more. I think alot fence sitters just jump in bcos
of News. I bet today Vol. are generated by Ikan Bilis.....Big boys and Bankers may come in tomolo but
Rich People DonT buy expensive Shares! Tomolo could be Big Vol but price might be stuck---Unless some
crazy Syndicate decided to ramp-up Vol and cash out next week and another syndicate and
another syndicate taking turn to have Free Lunch!!!!

What is the chance of hitting 0.30 next week? I think Any 8years Old can Hit with 2 tries

someone ate 8mil Velesto shares @ 0.250 in ONE Bite

It is Not how much borrowing/Debt that is important but how well management can utilise them to earn
a profit. TNB has 50billions Borrowing. Should be Delisted 20years ago. However Gov give a 30billion Grant.
If Gov privatised SAP, Anwar will get a 10Bil HIT. Big Hole in Budget.....Previous finance Minister and now Anwar
is thinking how to save SAP and save face as well

SAP has 10--11 jack-Rigs ( 4-5 more than Velesto ) And maybe making $110,000 Day-Rate in December 2022
bcos they are bidding outside Petronas ( given only $80,000 )

as far as I am concern, Velesto is far more better managed than SAP. Insurance receipt from Naga 7
has reduce Debt by so much( so easy to be profitable ) Selling all its Rigs and distribute back to PNB will
benefit everybody But, but Day-Rate is so,so Good 2023-2024. Day-Rate@$120000, Velesto can make
RM170mil per year per RIG ( or 1.02Bil for 6 Rigs plus or minus excluding Expenses ). 2year it can wipe-off all remaining Debt. Selling 6 Rigs in 2025, just imagine how much money can distribute back to investors