Followers
2
Following
0
Blog Posts
0
Threads
4,330
Blogs
Threads
Portfolio
Follower
Following
2018-09-08 23:08 | Report Abuse
The flexibility of water is dependent on the conditions. Water has no right to control its shape. Not to forget water can turn into a hard object too. Being rigid (hard) is part of the water feature. Water won’t be permanently soft or hard. It keeps changing to suit the conditions at a time.
2018-09-08 18:19 | Report Abuse
Facbind & Farlim may suit Calvin taste of cash rich companies.
2018-09-07 22:28 | Report Abuse
There’s a strong correlation between Foreign Funds exit and depreciation of RM. Why FF running out of Boleh land like no tomorrow. This is the facts.
2018-09-07 22:18 | Report Abuse
I don’t care how much Mahathir ahead of me 1 million or 1 billion. None of my business.
2018-09-07 22:17 | Report Abuse
qqq3. Go and figure out how much RM drop since PH is taking over the government. Don’t tell me they talk this that after 1 year. They can’t put a blame on BN indefinitely.
2018-09-07 22:03 | Report Abuse
Foreign Funds has disposed more than RM 9 billion since 1 May 18. Don’t know when they will come back Bursa to rejoice again. Ikan bilis susah nak cari makan sekarang.
2018-09-07 21:45 | Report Abuse
He is playing racial card to get more support from rural Malay for his own party. Not really good to PH.
2018-09-07 21:40 | Report Abuse
Our PM should bosek Trump if he is heading this direction. Ahjib is the champion in doing this kind of job. Mahathir got no fight.
Posted by stockraider > Sep 7, 2018 09:36 PM | Report Abuse
NO TRUE LOH....I THINK MAHATHIR WANTS TO PLAY THE RACIAL CARD & TO WIN THE HARDCORE MALAY NATIONALIST & FUNDAMENTALIST SUPPORT LOH....!!
TRUMP WOULD NOT CARE WHAT MAHATHIR DO LOH....!!
2018-09-07 21:32 | Report Abuse
It could be a tactic deployed by PM to please Trump. Hopefully Trump would buy our PM story and encourage more investment in Malaysia from those companies migrating out from China.
2018-09-07 21:25 | Report Abuse
Without the participation of Foreign Funds, Bursa will be come a dead water soon.
2018-09-07 21:23 | Report Abuse
When Foreign Funds see the development of such situation, they has been running out of the country like no tomorrow.
2018-09-07 21:20 | Report Abuse
Nothing much better can be done by PM for our country economy development. He would probably talk this that of former government. The only hope now is Anwar.
2018-09-07 20:59 | Report Abuse
PM is getting short sighted when he become older. He seems taking this opportunity playing racial card again. This statement supposed to come out from opposition mouth. His main role is to help Malaysia to become stronger in economy. Najib is actually better in helping economy development but he created 1MDB scandal.
2018-09-03 20:06 | Report Abuse
No experience never mind. They just need to get an investment certificate from authorities. No fine for non implementing and nothing much to lose. More important is the company can take advantage of bull market to goreng shares.
2018-09-03 20:01 | Report Abuse
Uncle loves IPP so he may buy Ytlpower for its new IPP in Jordan.
2018-09-03 19:58 | Report Abuse
Jaks got no fight. This one is much bigger scale with 2,000mw at the estimated costs of USD 3.5 billion. Don’t know where they get money to build it....may be China again. Haha
2018-09-03 19:53 | Report Abuse
Toyoink got a same story with Jaks for building and operate a coal power plant Vietnam. Lolz
2018-09-02 21:16 | Report Abuse
Reality is cruel. The actual margin from Profit After Tax (North Sabah) is rather low at current crude oil prices unless we are expecting crude oil prices to surge another 20 to 30%.
2018-09-02 19:47 | Report Abuse
Malaysia is so lucky for producing number 1 quality of petroleum in the world, Tapis. Brent is far behind Tapis quality.
2018-09-02 19:17 | Report Abuse
North Sabah segment
For every 10% increase in crude oil price, the company may have to pay 4.42% of Export duty plus Income Tax. In the end the company can only enjoy 5.58% extra profit from every 10% increase in selling prices.
2018-09-02 19:12 | Report Abuse
Bear in mind, North Sabah may have to pay export duty of 10% for petroleum crude oil export from Malaysia plus Income tax levied on PSC is 38%.
2018-09-02 19:09 | Report Abuse
GOT IT.
Net tax expenses incurred in the Current Year were due to taxes levied on profits generated from operations, partly off-set by reversal of deferred tax liabilities.
North Sabah segment taxation 25.5 million consists of:
1. Income tax - 49.2 million
The tax regime under which Malaysian oil and gas activities are governed, and is thus applicable to SEA Hibiscus, is the Petroleum (Income Tax) Act 1967 (“PITA”). The provisions of PITA are applied to net taxable petroleum income at the rate of 38%.
HIGH income tax could be partly due to EXPORT DUTY 10% Levied on export petroleum crude oil.
PBT about 40 million x 38% = 15.2 million. Don’t know why actual so high. It could be due to unallowable expenses for tax computation purpose. There’s an increase in Provision for Taxation about 49 million while comparing with Qtr 31 Mar 18.
2. Deferred Tax Assets - 23.68 million
Upon the Group’s completion of the acquisition of 50% participating interests under the 2011 North Sabah EOR PSC, deferred tax liabilities are recognised on intangible assets and inventories acquired. This was partly off-set by deferred tax assets recognised on provision for decommissioning costs. The net deferred tax liabilities will gradually reverse, generating a tax credit (i.e. a gain) in the profit or loss account.
Posted by brushsoo > Sep 1, 2018 07:26 PM | Report Abuse
Guess you tabulated the wrong number for tax of NS for the quarter. It is only RM25.5 mil. I encourage everyone to view the video, you can get a better picture of the QR concerned.
Net tax expenses incurred in the Current Year were due to taxes levied on profits generated from operations, partly off-set by reversal of deferred tax liabilities.
2018-09-02 18:11 | Report Abuse
Agreed. Bursa is unique and alike a human created by us with collective consciousness of the participants. The mood of Bursa change faster than a girl....very very sensitive. Wakaka
=========
probability another thing is every personality is unique....as so do Bursa compared to other markets...
so one need not study thousands of humans..just to figure out the personality of a person he is about to meet.
just meet..interact..quarrel...make friends...then you know this individual better than all the thousands of books to predict his personality.
Bursa must have a distinct own personality like a girl you want court...
this no book can teach you.
02/09/2018 16:19
2018-09-02 17:52 | Report Abuse
The article is informative. It’s rather confusing when the writer used EBITD to calculate EPS. No matter how, we have to use projected PAT for computation of EPS.
2018-09-02 10:47 | Report Abuse
Let’s see the QR of Annjoo, MAsteel and Ssteel, all went into longkong. It’s the hope (low PER) and greedy holding investors back from liqudating their positions in LionInd. This is a very high risks bet for ignoring clue given by the market.
2018-09-01 21:46 | Report Abuse
See how HY perform in next QR before joining the bandwagon. It seems many would migrate to Petronm due to lower valuations.
2018-09-01 21:35 | Report Abuse
Another high dividend yield counter supported with growth in good profit growth.
2018-09-01 21:32 | Report Abuse
Many companies has announced a lackluster QR recently. Hardly find growth company traded reasonable PER level now. Choices is getting lesser. SAM growth story is almost certainly on the back of huge order from Boeing and Airbus.
2018-09-01 20:21 | Report Abuse
Got it.
Net tax expenses incurred in the Current Year were due to taxes levied on profits generated from operations, partly off-set by reversal of deferred tax liabilities.
North Sabah segment taxation 25.5 million consists of:
1. Income tax - 49.2 million
The tax regime under which Malaysian oil and gas activities are governed, and is thus applicable to SEA Hibiscus, is the Petroleum (Income Tax) Act 1967 (“PITA”). The provisions of PITA are applied to net taxable petroleum income at the rate of 38%.
PBT about 40 million x 38% = 15.2 million. Don’t know why actual so high. It could be due to unallowable expenses for tax computation purpose. There’s an increase in Provision for Taxation about 49 million while comparing with Qtr 31 Mar 18.
2. Deferred Tax Assets - 23.68 million
Upon the Group’s completion of the acquisition of 50% participating interests under the 2011 North Sabah EOR PSC, deferred tax liabilities are recognised on intangible assets and inventories acquired. This was partly off-set by deferred tax assets recognised on provision for decommissioning costs. The net deferred tax liabilities will gradually reverse, generating a tax credit (i.e. a gain) in the profit or loss account.
Posted by brushsoo > Sep 1, 2018 07:26 PM | Report Abuse
Guess you tabulated the wrong number for tax of NS for the quarter. It is only RM25.5 mil. I encourage everyone to view the video, you can get a better picture of the QR concerned.
2018-09-01 18:46 | Report Abuse
Negative Goodwill explanation:
https://youtu.be/ENXKhSpnqQk
2018-09-01 17:31 | Report Abuse
Negative goodwill is one off item for recognizing in Profit and Loss and it should be excluded in computing EPS to reflect the real business operation performance. It seems the adjusted profit far below investor expectation.
Posted by brushsoo > Sep 1, 2018 04:51 PM | Report Abuse
You can go to the company website and listen to a video clip on the latest quarter presentaion. It will help you understand the QR better.
Yes, the accounts look complicated to any non-accounting person. There are accounting rules for the below grouses on how to recognized the items. Overall the QR presented is true and fair by following the accounting rules. Pls bear in mind, the company has lots of foreign institution investors, it can’t “cook the book” too much.
2018-09-01 15:20 | Report Abuse
Hibiscus accounts has given a lot of confusion to investors. Negative goodwill arisen due to delay in acquiring assets until 30 Jun 18. Neutralize Deferred tax assets parked under NCA. Huge income tax. No revenue and income recognition from Anasuria Cluster but this segment was incurred huge Income Tax and DeferredTax. High administration expenses. @@
2018-09-01 15:07 | Report Abuse
Perstima is another cyclical stock that is offering potential high dividend yield on riding higher earnings in next few quarters.
2018-09-01 14:57 | Report Abuse
Annjoo has fixed a dividend policy payout of 60% its of net profit. Any increase or decrease in future profit would impact the current dividend yield of 9%. Investors may factor in potential reduction future profit for next 2 quarters in steel sector given uncertainty in mega projects and dropping demand from property sector as well as depreciation of RM against USD.
2018-09-01 11:40 | Report Abuse
Add me since I am a KoonBee supporter too. Haha
Posted by probability > Sep 1, 2018 11:30 AM | Report Abuse
aiyo dragon...this is the most important role and competitive edge of charles...if koon leave...charles cannot cari makan big big...i think he will say YES to stay..
gross misunderstanding by dragon
5. Charles T....the worst enemy of Dr. Uncle Kon…(must be say no lah)
2018-09-01 11:32 | Report Abuse
After years of real life lessons (kongfu) learned from Uncle, we are proudly to announce that we are ready to compete in international market. Lol
Posted by stockraider > Sep 1, 2018 11:25 AM | Report Abuse
UNCLE KYY IS HERE FOR A PURPOSE, TO EDUCATE INVESTORS SO THAT ....MORE DIFFICULT BEING CON LOH....IT IS KYY PUBLIC SOCIAL SERVICE LOH...!!
U LEARN BETTER BCOS U LOSE BIG MONIES.....LOH....!!
IT IS LESSON WELL LEARN FOR THE WATER FISH MAH.....!!
2018-09-01 11:26 | Report Abuse
No ending for debating who is a con man....joke of the day.
2018-09-01 11:20 | Report Abuse
Uncle is smart in balancing karma through making a donation to the public for his winning. No matter how, bad karma is not likely to hit him. Wakaka
2018-09-01 11:13 | Report Abuse
Exactly. Without his sifu helping, he seems attracting to invest in companies lacking management quality or integrity. Lolz
“ CharlesT I m the first here to ask u to appoint some fund managers to manage yr money few years ago...
I m also the first here to ask you not to believe xinquan's cash rm2+ in their bank ac
I m also the first here to ask u to forget abt jaks ipp wawasan 2020 story, reminding u on yr mudajaya ipp india story..
Yr worst enemy is yrself...not sslee
01/09/2018 09:48
2018-08-31 23:22 | Report Abuse
“ Value investing is about thinking before doing, considering possible outcomes, not extrapolating, being aware of your own biases, know what you're doing, and know what you don't know. It is about decision making. Not the feeling you like to associate yourself with in the market. “
I like the conclusion of the writer in defining a proper approach to value investing.
2018-08-30 21:39 | Report Abuse
Most of them are old birds in the market. They can simply make back whatever losses happened in the 1st half.
Posted by CharlesT > Aug 30, 2018 09:13 PM | Report Abuse
I believe most sifu made profit in real life..u really think icon8888 lose
2018-08-30 21:19 | Report Abuse
Don’t make our own life difficult from judging Uncle either angle or evil in stock market. We don’t have to create headache in our investment life. Spend time wisely to do research or homework is more realistic. Lolz
2018-08-30 21:11 | Report Abuse
Most of the picks kanasai. Hope we make money in real life this year.
2018-08-30 21:08 | Report Abuse
This is a masterpiece from Ikan bilis point of views. But it doesn’t work Uncle even though you have listed out hundred or thousand of reasons. Investment is a business to him. In this world, some people do business in noble way whereas other may not. He won’t do a charitable business in stock market. You are very likely become his top enemy now.
2018-08-30 18:06 | Report Abuse
Share price went up 50% in a week....very lucrative profit. why being so greedy before the QR announcement.
2018-08-30 18:01 | Report Abuse
Ok. Nothing special. The results is consensus with other rebar counter. It is just kyy over goreng the share prices.
2018-08-30 16:46 | Report Abuse
the company seems using ‘ Negative Goodwill ‘ in its accounting treatment to corner Ikan bilis after the share prices went up in past 3 months. Sigh....
2018-08-29 20:10 | Report Abuse
Net profit surged due to huge Negative goodwill again? @@
2018-08-28 17:09 | Report Abuse
That's the thrill in the stock market. I am out of the bet but still feel of excitement of its QR results. wakaka
Posted by Icon8888 > Aug 28, 2018 05:03 PM | Report Abuse
Like waiting for STPM result
Blog: Rigid is death, Flexible is life
2018-09-08 23:26 | Report Abuse
Chaos. Water represents harmony but it may go through a chaos before turning into harmony. People don’t like chaos due to uncertainty but it is the turn point.