Sslee

Sslee | Joined since 2016-08-31

Investing Experience Beginner
Risk Profile Moderate

Emotional Introvert Most defining characteristics: You are sensitive, melancholic and a perfectionist. You are a very emotional, caring and dedicated person. You believe that there is a bigger picture in life, one that we can’t really see, but we can feel. You are very compassionate, strong minded

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News & Blogs

2023-05-10 17:23 | Report Abuse

Dear Sir/Madam,

We have received your request to participate remotely via live streamed meeting and online voting at the HENGYUAN 64TH AGM. of HENGYUAN REFINING COMPANY BERHAD which will be held at:

Date & Time: 24 May 2023 (Wednesday), 10:00 AM

We will verify and revert to you on the status of your registration after 22 May 2023.

Thank you.

Regards
Administrator
TIIH Online

Stock

2023-05-10 15:24 | Report Abuse

AS AT 30 JUNE 2022
Location Address Existing
Use
Approximate
Age of
Building
Tenure Date of
Acquisition Area (m²) NBV
(RM’000)
GRN 193487, Lot 4864
Pekan Bestari Jaya
Daerah Kuala Selangor
Selangor Darul Ehsan
Factory
and office
building
Between 15 to
27 years Freehold 1995 to 2007
30,641
(build-up
area)
23,251
H.S.(D) 276179, P.T. No. 7320
Pekan Bestari Jaya
Daerah Kuala Selangor
Selangor Darul Ehsan
Factory
and office
building
Between 11 to
16 years Freehold 2006 to 2011
41,736
(build-up
area)
45,261
H.S.(D) 279954, P.T. No. 7321
Seksyen 4, Pekan Bestari Jaya
Daerah Kuala Selangor
Selangor Darul Ehsan
Factory
and office
building
9 years Freehold 2013
31,948
(build-up
area)
49,730

Stock

2023-05-10 13:54 | Report Abuse

I am just trolling Philip because he is richer and more successful than me.
So how about you?

Posted by Philip ( buy what you understand) > May 10, 2023 5:13 AM | Report Abuse

Stop doing level 1 investing and start reading deeper. Cash flow positive of 15 million means they are making a profit for the quarter while bluesail and intco losing millions even with 10% rebate and 6% tax incentive from China government. Meanwhile Malaysia instead of giving rebates tax glove companies additional windfall tax on top of the 24%. So for harta to make money is amazing. In top of that the impairment is for closing down the 15 year old inefficient lines while they go ahead with ngc newer faster cheaper more efficient lines which bode well for the long term profitability of the company. Yes they lose 70 million in staff payments for vss, but saves company money in the long term also.

Use level 2 thinking. Share price always go up after restructuring. Even twitter now is finally profitable for the first time in history after Elon fired 80% of unnecessary staff and improved efficiency. Twitter will now be worth even more.
>>>>>>>
curiousq

OMG!! we must buy counter that make huge loss :D :D

12 hours ago


Sslee
1468 posts
Posted by Sslee > May 10, 2023 7:02 AM | Report Abuse X

I do not think a 15 years plant is consider old and inefficient. The only reason for closing is overcapacity and running at very low capacity that caused high overhead cost

By the way Harta Capital Commitments
Capital commitment in respect of Property, Plant and Equipment as at end of the current quarter and financial year-to-date are as follows: -
31 Mar 2023
RM'000
Approved and contracted for 472,163


So it is just between a hard place and a rock scale down expansion or close some plant.

Stock

2023-05-10 07:02 | Report Abuse

I do not think a 15 years plant is consider old and inefficient. The only reason for closing is overcapacity and running at very low capacity that caused high overhead cost

By the way Harta Capital Commitments
Capital commitment in respect of Property, Plant and Equipment as at end of the current quarter and financial year-to-date are as follows: -
31 Mar 2023
RM'000
Approved and contracted for 472,163


So it is just between a hard place and a lock scale down expansion or close some plant.

Stock

2023-05-09 15:58 | Report Abuse

if everyone losing money, and only one company making money it is more important to ask: should I be buying more?

Very good question from Philip.
Looking forward to Philip buying more and remember to update your buying into your online portfolio.

News & Blogs

2023-05-09 11:57 | Report Abuse

According to Philip logic/opinion no one should attend the Berkshire Hathaway AGM.

Philip ( buy what you understand) After manny years, I realized going to AGM serves very little purpose which can be solved by reading annual report and fact checking info from third parties.

1. If you have to attend AGM to get info it means there is something that you distrust about management that is not revealed clearly in the annual reports.

2. If the management is not doing a good job, why buy the stock in the first place.
20/02/2020 11:29 PM

News & Blogs

2023-05-09 11:36 | Report Abuse

What a pity if AGM is conducted physically I will take a group photo together with the BOD and whatsApp to my whatsApp group. As per some sending out their photo attending Berkshire Hathaway AGM at Omaha Nebraska.

News & Blogs

2023-05-09 08:15 | Report Abuse

Good morning i3lurker,
Agree 100% with you.
For far too long minority shareholders had not exercise their shareholder's rights to hold BOD accountable, answerable and responsible for what is going on to the company. So it about time we exercise our shareholder's rights now.

Stock

2023-05-08 17:38 | Report Abuse

3iii
Now you know what I mean.
Any comment on your student Mike behavior?

Stock

2023-05-08 15:06 | Report Abuse

HARTALEGA HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
DECOMMISSIONING OF BESTARI JAYA PRODUCTION FACILITY
The Company wishes to announce that as part of its 5-Year Strategic Plan which aims to reinforce business resilience and long-term sustainability, it is undertaking a series of operational rationalisation measures to improve its competitiveness in view of the current challenging operating landscape. In line with this, the Company will be decommissioning its Bestari Jaya facility (“BB”) and consolidating operations at its Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang. BB currently consists of 4 production plants with 40 production lines, some of which have been operational since 2004. The decommissioning exercise is expected to be completed by end-2023.

This is a difficult yet necessary decision to ensure that Hartalega will be able to weather the tough market landscape. Throughout this exercise, the Company is committed to treating its employees fairly and with respect. With a period of approximately six months for the decommissioning to be completed, the Company has put in place measures to support affected employees, which include but are not limited to:

The opportunity for redeployment to the NGC facility for relevant roles Competitive severance packages Engaging with affected employees to provide outplacement support during the six-month period HR Helpdesk to address any employee concerns and queries HR assistance and counselling for affected employees Given the competitive business environment, the Company is of the view that it is more strategic and viable in the long term to consolidate operations at the NGC facility.

Compared with its state-of-the-art production lines at the NGC facility, the Bestari Jaya facility is less efficient and restricted by older technology, as well as generating higher energy and labour cost, in addition to higher maintenance costs due to the age of the facility. Hence, once the decommissioning is completed, the Company expects a reduction in operating cost and depreciation, which will have a direct benefit on its bottom line.

Taking a longer-term view, the NGC facility also has the capacity for future expansion, as the Group continues to progress strategically in line with prevailing market supply and demand dynamics.

Following the decommissioning exercise, the Company expects to recognise an impairment loss of RM347 million for FY2023, and further provision for retrenchment costs and contract obligation expenses amounting to a total of approximately RM70 million for FY2024.

This announcement is dated 8 May 2023

News & Blogs

2023-05-08 14:34 | Report Abuse

Will send out by tomorrow morning.
Any more comment?

Stock

2023-05-08 11:37 | Report Abuse

I cannot teach anybody anything; I can only make them think. – Socrates

3iii,
Know why your never ending fault with Calvitaneng on his Netx call resulting in people like Mike that can't think?

And worst of all labelling everyone as con and he alone is The Saint and doing great services to everyone in i3.

But the fact Mike is just a brainless Troll?

Stock

2023-05-08 09:50 | Report Abuse

NOTICE IS HEREBY GIVEN that the Sixty-Fourth Annual General Meeting (“64th AGM”) of Hengyuan Refining
Company Berhad (“the Company”) will be held entirely through live streaming from the broadcast venue at
Spectrum Room, Level 3A, Connexion Conference & Event Centre, Nexus Bangsar South City, No. 7,
Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia (“Broadcast Venue”) on Wednesday, 24 May 2023 at 10.00 a.m.
to transact the following businesses:

News & Blogs

2023-05-08 09:07 | Report Abuse

Repost
Posted by i3lurker > May 8, 2023 8:10 AM | Report Abuse

The Answer to Q28.
Question 28: In your opinion who (executive directors and top management) should be held accountable, answerable and responsible for the loss?
The person responsible is this lazy guy called Lee Soon Sheng, purportedly a shareholder, facts yet to be proven, who failed whether negligently failed or purposely failed or by acts designed to fail, or failed to exercise control or failed beyond his control to properly exercise his Duty of Care and either blindly or was convinced or was scammed or was negligently or was careless in exercising his vote to approve the entire Board of Directors of HRC

Stock

2023-05-08 08:55 | Report Abuse

Government is the people’s business and every man, woman and child becomes a shareholder with the first penny of tax paid.”— Ronald Reagan

“Shareholder activism is not a privilege - it is a right and a responsibility. When we invest in a company, we own part of that company and we are partly responsible for how that company progresses. If we believe there is something going wrong with the company, then we, as shareholders, must become active and vocal.” - Mark Mobius

Stock

2023-05-08 08:37 | Report Abuse

Good morning i3lurker,
No worries for the upcoming HRC AGM I will vote against the re-appointment of director.

Stock

2023-05-08 08:30 | Report Abuse

Dear Mr. Soon,

We refer to your e-mail of 20 August 2017 and wish to inform that the minutes of the last Annual General Meeting (“AGM”) of Xingquan International Sports Holdings Limited held in December 2016 are ready for despatch on payment of RM70.00.

According to Section 82 of the Bermuda Companies Act 1981, a copy of minutes shall be supply to member within 7 days after the member has made the request on payment of a reasonable charge. The total number of words of the aforesaid AGM minutes is 3,508 words and based on the rate as stated under Section 342(2) of the Companies Act 2016 of RM2 for every hundred words, the payment required is therefore RM70.

Please provide us a forwarding address to enable us to mail to you the copy of the minutes. We will mail to you the said minutes within 7 days upon the payment of RM70.

Regards,
Fei San

Epsilon Advisory Services Sdn. Bhd. (627159-V)
802, 8th Floor
Block C, Kelana Square
17 Jalan SS7/26
47301 Petaling Jaya
Selangor Darul Ehsa


Back then I complain bitterly to SC/Bursa during a join meeting for far too long CEO were allowed to lie thro’ their teeth in answering minority shareholder questions during AGM with impunity. Not helping were the uncaring and gullible external auditors and independent directors dance to the CEO’s tune and why I need to pay for a copy of AGM meeting minutes?

Why Can’t SC/Bursa come out with some rule and regulation on conduct of AGM and compiled company to send the AGM minutes to all the AGM attendees or publish in their website or Bursa website?

I am more than glad that SC/Burs come out with this
https://www.sc.com.my/api/documentms/download.ashx?id=b59a0f5d-c414-4c27-b1c2-37ad15072d47
Annual General Meeting CORPORATE GOVERNANCE CHECKLIST FOR SHAREHOLDERS

Stock

2023-05-08 07:07 |

Post removed.Why?

Stock

2023-05-07 13:44 | Report Abuse

It should be because of TTB action against City of London (Substantial shareholder) open the eye of many potential investors that TTB will not even protect the interest of substantial shareholder what more about potecting the interest of minority shareholders that driven away all the potential investors hence consequently widen ICAP's NAV discount.

By the way because of Icap case that is why Malaysians loss their trust on close-end fund. And Malaysian authorities could never able to develop and promote the close-end fund industry due to Icap bad example.

Stock

2023-05-07 09:59 | Report Abuse

What a name worth!

KUALA LUMPUR, 5 May 2023 - Capital A Berhad, the holding company of the world’s best low-cost airline AirAsia, announced today it has launched "airasia brand co." (abc.), a new entity dedicated to further enhancing the reach and impact of its airasia brand worldwide. Led by Rudy Khaw as CEO and Capital A CEO Tony Fernandes as Chairman, abc. will take ownership of its Intellectual Property (IP) portfolio, including all brands and marks across the Capital A Group.

With over 16 years of experience in brand management, Rudy is a seasoned brand expert who has served as the Chief Brand Officer of AirAsia and airasia Superapp where he successfully led several strategic branding initiatives that resulted in significant revenue growth.

CEO of airasia brand co. Rudy Khaw said, "The airasia brand has become a symbol of value, quality, and connection. Our red planes have become an icon in the Asean aviation industry; together with our brand exposure work over the last 22 years, the airasia brand has gone from a little known brand in Malaysia, to an Asean and now a global brand seen all over the world. We are thrilled to embark on this new venture and take our brand to even greater heights. Through abc., we will explore new and exciting ways to connect with people through expanding airasia's brand influence across diverse industries, unlocking its true potential."

Tony Fernandes, CEO of Capital A said, "The launch of airasia brand co. marks a significant milestone for all of us. The airasia brand is something we have always taken pride in - built by our Allstars, and we recognise its immense potential to go beyond aviation. I am confident that with Rudy's expertise in brand management and his proven ability to drive growth, we will be able to find new spaces for people to express brand love and loyalty. By diversifying into licensing, merchandising, and content creation, we will set new benchmarks in brand development and extend our brand's relevance and create meaningful experiences beyond transactions for millions of airasia fans worldwide."

To propel the airasia brand to new heights, abc. will focus on the primary areas of development, including strategic brand licensing, brand collaboration and merchandising opportunities in the travel-related and lifestyle sectors, as well as content creation which will allow the brand to amplify exposure, reach wider audiences and add tremendous value to the airasia ecosystem

Stock

2023-05-07 08:24 | Report Abuse

Good morning Bob,
Will do to include question on 5 Billions Bonds drawdown and where they are used.......

StartOf The Bull,
https://klse.i3investor.com/blogs/Sslee_blog/2020-02-18-story-h1483850146-SC_wants_you_to_participate_effectively_at_an_Annual_General_Meeting.jsp

SC wants you to participate effectively at an Annual General Meeting
Author: Sslee | Publish date: Tue, 18 Feb 2020, 12:42 PM

Stock

2023-05-07 07:54 | Report Abuse

Windy1974 is right, I shouldn't stoop to Mike level and throwing insults but I can't help when Mike insult my idol Robert De Niro who have a very strong character.

My apology.

Windy1974 SSlee. You have lowered yourself to slandering? If you can't take the heat, just stay away.
If you enjoy the attentions, then you better withstand the heat.
06/05/2023 10:36 AM

Stock

2023-05-07 07:34 | Report Abuse

Good morning,
You don't judged prople by S M D J mana satu or gay but by the content of their character. And so far Mike by far is the worst character person I had come across.

Stock

2023-05-06 08:51 | Report Abuse

Repost:
From HRC Annual report:
The Company recorded a total revenue of RM21.1 billion in FY2022 compared to RM12.0 billion in FY2021. The increase in revenue of RM9.1 billion or 75.8% were attributed to a 58.9% increase in product prices that averaged at USD125/bbl, coupled with 9.4% increase in sales volume supported by better market demand.

In FY2022, the price of Brent crude oil averaged at USD101/bbl.

Hence the refining margin/crack spread was USD (125 -101)= USD 24/bbl for FY 2022.

The HRC annual report 2022 has vindicated me and probability were right that the crack spread is at record double digit high in FY2022.

Stock

2023-05-06 08:18 | Report Abuse

Just for the record liar con man and ballsucker Mike I had not requested i3 admin to block my Total Comments started from Late 2022 ….

Just a simple fact you can try to make this request to i3 admin and see whether they entertain your request.

Stock

2023-05-06 08:15 | Report Abuse

So liar con man and ballsucker Mike. How Stony balls taste like?

Repost
Sslee CapitalA would have drop below 70 cents if Stony keep his promise to announce CapitalA regularisation plan before end of April 2023.

Alas Stony words cannot be trust and no IBs analyst breifing nor announcement of CapitalA regularisation plan till today.

So Stony must has lose his balls to Mike.
05/05/2023 10:32 AM

Stock

2023-05-06 08:11 | Report Abuse

Repost about this liar con man and ballsucker Mike.

Apr 28, 2023 9:28 AM | Report Abuse
I rest my case.
Mike is just a pitiful lonely old man. No wife, no children and had to seek attention in i3 to stroke his ego.


Stock: [INSAS]: INSAS BHD
Apr 28, 2023 9:23 AM | Report Abuse
So Mike,
Your wife run away with Bangla and your children disown you. Have you make a polis report?


Stock: [INSAS]: INSAS BHD
Apr 28, 2023 9:20 AM | Report Abuse
So Mike dare not answer my questions? Meaning yes your wife run away with Bangla and your children disown you.


Stock: [INSAS]: INSAS BHD
Apr 28, 2023 9:16 AM | Report Abuse
So Mike,
Did your wife rum away with Bangla? And did your children disown you?


Stock: [INSAS]: INSAS BHD
Apr 28, 2023 9:13 AM | Report Abuse
Don't talk and soik sendiri. All my comments still in Netx forum so tell me which of my Netx forum comments is wayang skrip to Kon ppl?


Stock: [INSAS]: INSAS BHD
Apr 28, 2023 9:10 AM | Report Abuse
Since when I become con and did I conned anyone here?
So Mike how much you make from con people in PA forum from your con job TA teaching?


Stock: [INSAS]: INSAS BHD
Apr 28, 2023 9:06 AM | Report Abuse
Mike,
Tell me what happen to your parent. Did they teach you any manner?And why you still live in your parent house? Did you also get your pocket money from your parent?

Stock

2023-05-06 08:04 | Report Abuse

And liar conman Mike please don't repeat your lies that I say my I3 account was been hacked or I ask admin to delete my comments. I3 admin did not work for me and whether my comments count is in thousand or million did not matter or bother me at all.

Stock: [CAPITALA]: CAPITAL A BERHAD
Apr 24, 2023 1:52 PM | Report Abuse

Please check your bigpay account. My colleague bigpay has been hacked.

Stock

2023-05-06 07:48 | Report Abuse

Shameless con Mike conned people in PA and Zelan forum with his swing swing swing many times .. tanam biji dan tuai hasil many times … and make a killing from those chase high.

Uncles and aunties at Zelan and PA forum are waiting to throw their dirty panties at you.

As of me I set my TP and am holding on my Insas not like shameless con Mike talk one thing but swing swing swing many times to con people.

Stock

2023-05-05 19:51 | Report Abuse

Hopefully don't learn from Mike how to con people in PA and Zelan forum with his swing swing swing many times .. tanam biji dan tuai hasil many times … and make a killing from those chase high

Stock

2023-05-05 19:43 | Report Abuse

According to popular estimates, as much as 90% of people lose money in stock markets, including both new and seasoned investors.

Warren Buffett is right in saying, “The first rule of an investment is don’t lose [money]. And the second rule of an investment is don’t forget the first rule. And that’s all the rules there are.”

Once you know how to avoid losing money then you are ready for next step of how to make money using FA and TA and life long learning from all the Sifus.

Stock

2023-05-05 19:29 | Report Abuse

Ular,
Can you explain the capitalA auditor put in this going concern assessment? And what it mean?

Going Concern Assessment
As at 31 December 2022, the Group’s current liabilities exceeded its current assets by RM8,509 million. In addition, as at 31 December 2022, the Group reported a negative shareholders’ funds of RM5,725 million

Stock

2023-05-05 13:26 | Report Abuse

Ular,
I try to be truthful with CapitalA comment and earned Mike and StartOfTheBull vengeance for spoiling their con job in capitalA.

Stock

2023-05-05 13:04 |

Post removed.Why?

Stock

2023-05-05 10:51 | Report Abuse

See what Mike post in PA forum.
Uncle and untie are waiting to throw their dirty undies at Mike in PA forum.

Mikecyc Haha 0.34 … get ready to jump over 0.35 ke …
12/01/2023 5:16 PM

Stock

2023-05-05 10:32 | Report Abuse

CapitalA would have drop below 70 cents if Stony keep his promise to announce CapitalA regularisation plan before end of April 2023.

Alas Stony words cannot be trust and no IBs analyst breifing nor announcement of CapitalA regularisation plan till today.

So Stony must has lose his balls to Mike.

Stock

2023-05-05 10:21 | Report Abuse

And somemore encourage people to chase high with self claim PA .. did not see my posts on price increase of 1 sen Shl bring 5 figure Profit…

Stock

2023-05-05 10:18 | Report Abuse

So did Mike tell people timing is important in PA forum? When he swing swing swing many times .. tanam biji dan tuai hasil many times … and make a killing from those chase high?

Stock

2023-05-05 09:44 | Report Abuse

So another con stock Zelan from Mike!....
Please beware of con man Mike and do not buy any stocks promote by con man Mike.

In fact I made More Gain on Zelan with Mother MMC loh

Zelan slips into PN17 status after external auditors express disclaimer of opinion
Syafiqah Salim
theedgemarkets.com
May 02, 2023 12:46 pm +08

Stock

2023-05-05 09:12 | Report Abuse

swing swing swing many times .. tanam biji dan tuai hasil many times …

So at the end you make only less than 1K?

What a waste on your talented wayang con job?

Stock

2023-05-05 09:05 | Report Abuse

So how much did you make from your PA wayang con job?

Stock

2023-05-05 09:00 | Report Abuse

Who is telling lies when I can repost my 2018 comment. While he is still shameless lier on my comments only started from late 2022?

Stock

2023-05-05 08:55 | Report Abuse

So what say you on kon wayang TA teaching in PA forum to lure ppl to chase high PA stock but he himself buy low sell high to make a killing and leave those holding PA at high price, high and dry.

Stock

2023-05-05 08:50 | Report Abuse

From HRC Annual report:
The Company recorded a total revenue of RM21.1 billion in FY2022 compared to RM12.0 billion in FY2021. The increase in revenue of RM9.1 billion or 75.8% were attributed to a 58.9% increase in product prices that averaged at USD125/bbl, coupled with 9.4% increase in sales volume supported by better market demand.

In FY2022, the price of Brent crude oil averaged at USD101/bbl.

Hence the refining margin/crack spread was USD (125 -101)= USD 24/bbl for FY 2022.

The HRC annual report 2022 has vindicated me and probability were right that the crack spread is at record double digit high in FY2022.