50cents fair value is from PNB estimate for Jan 2024.....PNB has bought somewhere around 70mil @ 0.20 by
AmanahRaya on 03Nov2023 ( They didnT Sell until today )

If Monday Volume Hit 200,000,000----it means Many have Regretted Selling on Friday ( Oil price still going Up )
Then no need operator next week-----Kiasu buying back

remisiers treking Velesto said it is not CGS causes the selloff But Velesto is TopHeavy going into Holiday mood.
Next week Volume will drop, just cannot support upward push. Operator just unload causing a selloff.
Unless another Operator take Over, next week Volume will be small----Free Toll next Mon & Tue

Brazil pays $500,000 per Day for Jack-Up Rigs----Petronas pays $135,000----Tolling Rigs from Saudi to Brazil by Sea is Longer than to Malaysia----But there are 2 monsoon seasons coming to Malaysia ended up smaller
travelling Window eventhough shorter Route

The scope of work, it said, includes the provision of diving support vessels, air and saturation driving systems, remotely operated vehicles and other underwater services.
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I didnT know SAP got Submarine / remote ( robotics ) repair vehicle----No wonder impairment loss is so Big

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3436372
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There is no Value for this 5 years Contract ( strange: works ALL below water line ) Anyway this is a Petronas Job...
I thought Petronas "Kick" SAP out Contract Bidding ( PN17 & no money )----Politicans Arm twisting Petronas
---Maybe, Maybe

Big Boys playing after 2:30PM---what seem players pushing to 30sen, actually someone dumped 6mil shares
at 0.295----However if this continue, dumping and pushing higher, the end result: is price will breach 0.34TP

https://www.malaysiakini.com/news/701289
-------------------------------------
You can Expect MACC to comb every corners in Custom Depts Under Anwar's Order

Previous CEO has to go bcos he is close to maha-tail

I have Not see any "Agent" in Port Klang Custom area.....Anyway many Taiko are no-where to be seen

https://www.nst.com.my/news/crime-courts/2024/03/1031890/macc-arrests-34-customs-officers-rm2-billion-smuggling-scheme
--------------------------------

Cut-off in illegal Cigs will happen in 1Q24

you Bet a few thousand or loss a few Hundred---started screaming here. Have you look at PNB account
3 billion Cash injection plus 10 billion Bank Loan ( say 45% total Loan loan belong to PNB ) You are looking at
8 Billion BET----If cannot Recover, CEO confirmed selling salted Duck Egg at pasar malam

In any way April is the Month for "Major Announcement"----Will not able to Beat 30June Dead line if push
further Back-----The time limit is very similar to CapA. After Major announcement, Bursa will give more time
like CapA

If SAP manage to convince Bankers to take up shares in SeaDrill Co, to remove All 10Bil Loan. SAP price will
jump like AAX---I see no other Options

If SAP starts work on Legacy projects in 2024, most likely SAP will suffer minimum loss bcos China Steel
price has fallen 16% in 2023 ( most likely conT falling in 2024 )----Atleast SAP will earn forex Gain with little
real profit----The Real problem is SAP's Sub-Con are Not willing to work unless Old Debt are paid.
Once WhiteKnight Cash pours in to paid Sub-Con Debt, most likely SAP revenue will reach 2-3 billion
( with new Bank OverDraft ) as indicated by previous Qr----So Bank Hair-Cut is the Life line for SAP to
rebuilt rapidly bcos Oil price is not going down

DonT Buy cheap EV unless Battery is Sodium Based ( salt ) Every time Manufacturer Cut EV price they cut
corners in Battery section.....Lithium Battery Car burns so fast, no driver can escape. I have seen 2 EV burnt
infront my china factory gate. 40ft Gate from one end to the other---need 3 sec to pass thru ( whole Car burnt
with flame almost 10ft High

I am still waiting for Stockraider's prediction that Insas will beat Osk ( no date given---both start from 87sen
in 2022 )

Legacy projects with little profit margin are making life very difficult. But with so Many Asset, stop-work is Not
a option. This is a Over-expanded Co by Shahril + Mahathir Son. In 2021-22, no choice impairment loss kick-in
8--10Bil

Finance Cost last Qr is 200mil------Cut 40% or so will results MASSIVE jump in Net Profit

The TimeLine of restructuring announcement should be First " Bank Hair-Cut, next White Knight Injection
and Last OMV Sale-----I based the time line on Details released previously. WhiteKnight Cash will
come in after Suppliers Payment + Banks Debt structure are settled or agreed Upon. OMV is a 5.6Bil Deal
and Management has just finalised "Players" ( may take 1-2 months for final announcement --- then Lawyers
take over )
So First come First ----Bank Hair-Cut ( announcement should be in April on General Details to Beat 30 June
Restructuring Dead Line )

I read latest CO*2 dumping----Can understand why TOTAL wants to Buy lost making SapuraOMV. Bcos Malaysia
Gov allows Oil Giants to Dump CO*2 into Gas pipes---A $16Bil Biz in 25years----Co. that remove CO*2 from
production can continue Operating into 2050 ( EU Green Law )

Buy / Sell everyday is very healthy---Generate Volume

Breached 30.5 will send price Next Leg Up

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Oil-Industry-Needs-11-Trillion-in-Upstream-Investment-by-2045.html
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Read this article you will understand Oil is in very chaotic future----Oil shock ( estimate investment is just 2T )

as i said no qr results will affect share price Bcos everythings is Box-in..... WAIT for HairCut--Coming soon
The cheapest Indian HairCut in Cheras is RM12.0----serve one Client at a Time.
The Cheapest SAP after HairCut is 20 sen with 5 sen to play

How many Listed Co. has 5.5 Bil Asset to Sell for Cash ( beside Core Biz ) Really cannot think of One (felda, or
pharma )

if price donT move but heavy Vol----Only 2 reason: ikan bilis pump & dump Or Whale buys 100mil and dump
40mil to block price from going up-------Today no vol, then last nite is ikan bilis pump & dump

operating loss is only 150mil----It is finance cost 200mil + Omv loss 93m ( nothing you can do with 10bil loan )
Last nite i saw Edge----SapuraOMV final round has 2 Horse----TOTAL & Abu Dhabi----I think ABU DHABI
horse is going to Win reason bcos beside selling OMV , you got friendly One Billion Loan

If you buy AAX-----it should be, ---Buy a Proton Saga, get back a bicycle

A banker Trap results----No hairCut and continue Operation also the results is same " Nothing Left "---Just
like AAX ceo Tony told Bankers........I believe Management will announce Bankers HairCut Soon ( Good News for
Investor than asset sale )

40mil Vol. in 30minutes....Looks like ikan Bilis rushing in----Or EPF??

There are 3 Dark horses might take lead in Buying ---PNB 41%, HongLeong ( 7%) and EPF ( 0% ) EPF is the
darkest of the Dark Horses. EPF used to hold about 7--9% or more. From a base of Zero EPF will be the
strongest Buyer with very Deep, Deep pocket IF and if EPF is interested

Electric Car very suitable for KL Old Housing Estate & PutraJaya too ( superb Rich Group ) Condo is just a new
living standard for Gen Y----You can just plug a EV charging unit in your porch and Charging is a Breeze
The limit for EV car is "Range"---if every charge can have a range of 800 KM as compare to 400KM now---EV
should Sell very Well

Release announcement on Friday give "Long Term" players 2 days to think it over----Regardless what punters
will rush in Monday but it will be pump and dump scenario without Long Term players---
If Bankers sapu on Monday then Liquidity will Dried up quickly-----sending panic signal to ikan Bilis----Gate
crushers will rush in ( really donT care about price, just want tickets )

so regardless what Qr results appear next week, it has little impact on Price. A steep Hair-Cut from Bankers
will jump-start a 50% upswing in price like AAX

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3432761
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Next 2 years Petronas has booked 3 velesto Rigs ------giving about 152mil Revenue per Qr...
As i said before 4Q23 results will be the max Revenue and future revenue will bound around this #---
Looks like my prediction is closed. Velesto Revenue for 2024 per Qr will be around 350--360mil with profit
around 66--75mil ( about 280--300mil per year )-----PNB has saved Velesto from Bankruptcy. In 3 years PNB Onebillion cash injection will be fully Covered -----A very Good Investment for PNB
*****What is for me---DonT know yet******Let Banker TaiKo decide

USA import Ban has less than 20% net effect on Malaysian Glove. We see little impact on TG / Super revenue

Terms of WhiteKnights cash injection when 1st stated---is as Liquidity injection---mainly suppliers payment.
I think only 800mil is needed to jump start " delinquent projects "---What Contractors can do?? Suing SAP
takes 6 years, start work can get Cash from SAP and also unlocked Banks Loan ( Banks are also Trapped and
getting nowhere )

I think there are 3 incidents will pump price. 1) WhiteKnight's Cash 2) OMV sale 3) Hair-Cut ( 40% ) and
MayBank agreed to loan another Billion for Liquidity

management will "Hide" asset Sale Release Date if Qr results are Below expectation---I donT expect results
to be Good ( no money from Banks---how to generate more revenue ) But "White Knight" Cash injection
and OMV sale will "pump" price very High------Just speak Logically

I see No selling after someone take-up 47mil shares * T+3 *---SAP has to make credible announcement OR
reasonable Good Qr results ( 6 trading Days Left before Qr release Date )

I have No idea whether SAP rigs are Deep Sea Or shallow sea Rigs----What i know from accounts is SAP
used about 7 or 8 Billion ringgit to Buy its Rig Fleet from SeaDrill ( 7 -8 bil is almost 2X Entire Velesto Fleet )

Petrobras spent the last two years replenishing its fleet and chartered over a dozen rigs for work in Brazil at a moment worldwide demand for deep-water equipment is strengthening and close to maximum utilisation, pushing dayrates close to the $500,000 threshold.
____________________________

SAP Rigs should be getting much Better than $ 150,000 DayRate ( $200,000 is Fine but compare to $500,000
what Brazil is paying------it is ridiculous Low )

Petrobras spent the last two years replenishing its fleet and chartered over a dozen rigs for work in Brazil at a moment worldwide demand for deep-water equipment is strengthening and close to maximum utilisation, pushing dayrates close to the $500,000 threshold.
______________________________

Have no idea why and how Brazil Rigs can get $500,000 DayRate??? Velesto is Totally CON by Petronas

refused to release Qr results again------frying Live frog again

Supportive domestic capex by Petronas a boon for local oil and gas players. Premised on this and guided by the 3- year Petronas Activity Outlook (2023-2025), we see potential beneficiaries arising from a broad spectrum, as follows:

i. The rise in planned upstream activities, particularly for re-activation of idle wells and offshore platform fabrication that could benefit Velesto Energy, Malaysia Marine & Heavy Engineering and Sapura Energy;

ii. Stable provision of offshore support vessels (OSV) to support well drilling and projects (beneficiaries: Dayang Enterprise, Icon Offshore, Perdana Petroleum, Alam Maritim Resources and Coastal Contracts); and

iii. Catch up in planned offshore maintenance, construction and modification (MCM) works which have been delayed due to the Covid-19 pandemic (beneficiaries: Deleum (BUY, FV1.66/share), Dayang Enterprise, Sapura Energy and Icon Offshore).

AnthonyAng666
Cuti-cuti Malaysia. https://theedgemalaysia.com/node/704126
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If you really looks at Tourists #---8mil from Singapore to Johor ( jalan Kaki )-----4/5mil from Thai to Pedang
Beasr ( naik Basikal / Moto)-------8/9mil from Indonesia ( naik perahu )----That is the real reason you Cannot
see "White People" at KLCC ( compare to Thailand )

Agreed All leased Planes---after Tony gave back 2 billion Cash to investors, mainly himself (to settle 800mil
personal Loan ) The Real reason why AA cannot Get Loan from Bankers bcos Banks wants Tony &
Kama as Guarantor---Both have no money in there Saving Acct---how to guarantee?

nowadays DonT mention who has connection in Gov to get contracts---99% they get Call from MACC

not much risk but not much gain----for pensioner