Koon was registered as a substantial holder for his stakes 9.928% or 20.445 million shares on 15 Jun 15. If you take into account share split 1 into 5 and Bonus issue 1 for 4, his still hold about 83 million shares after his disposal recently.

Koon disposed his 40 millions share between 18 Mar 16 to 11 Apr 16 for the prices ranging from 1.18 to 1.44. Do you believe him that we would buy back the shares in large bloc at current price 1.23?

Uncle Koon was very proud of pocketing profit (aka trap ikan bilis) from VS & Lihien. He got a group of supporters cari makan with him and lure newbies to a his trap.

well done icon. your articles have been supplying us as a lot of foc information of the companies. many thanks for your hardwork.

BJCorp is required to bear interest payment RM 7.06 million per year for RM353.25 million 10-year 2% Irredeemable Convertible Unsecured Loan Stocks (“New ICULS”). Small matter la. If BJCorp intends to utilize RM 1.2 billion (receipts from the disposal) to pay off the loan, interest would have saved about RM 60 million per year.

With the disposal of BJAuto, BJFood, Atlan & Jeju Phase 1 started 1 Feb 16, BJCorp has received cash at least RM 1.2 billion from the deals. It's a good sign for BJCorp to pare down its debt level.

At last, EGM will be held to approve the capital distribution and special dividends. Is there any income tax levied on 19 cents special dividend?

The list is not fully updated the latest development of the corporate exercises i.e. DY for Fiamma is only about 3.5% after taking into account subdivision and bonus issue.

Of course, people like to talk 废话. Now only you know.lol.

it is very subjective to judge a sifu whether 名师 or 冥师. Take for an example of a famous sifu in i3. He was a popular sifu who striked more than 100% returns for the past 2 years. He had been enjoying people calling him 名师. this year, less than 3 months, all export counters has turned sour and he was tagged 冥师. If you follow him early before the stock rally, you might warship him 名师. what about the late comers who had followed him and suffering huge loss? is he a 冥师 to late followers?

Nothing is permanance. a sifu can be a 名师 or 冥师 or vice versa or both. how can a sifu make a prediction right at all the times. there are few good examples in i3. lol

FF keeps buying like no tomorrow this month. It is going to break RM 5 billion inflow for a single month. Export theme is dying???

Kahheong. Net borrowing was actually reduced by RM 268 million and gearing went down 1%. It's still OK la. At least the management has done something.

BJCorp was able to make a small profit. Not bad. It will book profit arisen from selling of investments in Magni, BJAuto, BJFood with a gross proceeds of RM 364 million in coming quarter.

Not so low la. privatisation price should be at least on par with net cash of 2.45 per share.

Big players are accumulating. Don't be surprised when you see uncle Koon come back to promote Mudajaya again.

Shaun Loong. Don't really understand how you come out a SOP price of RM 1.74. I only know its net cash equivalent stands at RM 2.45 /share after deducting all the liabilities.

Is it a good news to BJcorp to suspending development of Jeju project? BJcorp gearing would be lower as a result of halt in resort developments. Overall, BJLand had invested RM 500 million in both infrastructure and purchased of land so far. With the initial compensation of RM 374.5 million for land from Phase 2 to 9, it' is far exceeded the entire piece of land RM 192 million purchased few years ago. JDC have to buy back land in Phase 1 which has been developed infrastructure. Will BJland strike a gain from the compensation of JDC?

You would be enjoying for playing theme stocks but it won't last for long. It can lead you to the heave while riding high and bring you to Holand when theme is faded. Don't put too high hope on value trader Sifu. There are a lot of uncertainties in the business that beyond the control of the company.

MLM companies are strived to benefit from stronger RM as their materials are mostly imported overseas ie, HaiO & Amway.

At least there is a concrete evidence on the firing of power plant, it could be time to buy some now.

In general, the majority of the counters are benefited when FF enters local bourse. If you still believe in export theme play, the consequence could be worrisome.

Don't be surprised when FF continues to pump more money into KLSE and RM would return to RM 3.8. The trend is reversing with the support from positive sentiments. What would happen if FF snap up another RM 10 billion shares this year?

FF Enter/(Exit) KLSE:

Year 2010 + RM 15.9 billion
Year 2011 + RM 1.8 billion
Year 2012 + RM 13.7 billion
Year 2013 + RM 2.4 billion
Year 2014 ( - RM 6.9 billion )
Year 2015 ( - RM 19.5 billion )
Year 2016 + RM 4.1 billion (until now)

Anymore export theme play in near future? Better look at the facts first ... between forex rate and FF exit/enter KLSE.

USD against RM

- RM 3.7000 ( 1 Apr 15 )
- RM 4.335 ( 21 Jan 16 ) FF EXIT worth RM 22.7 billion started from 1 Apr 15
- RM 4.01 ( 22 Mar 16 ) FF ENTER worth RM 6.4 billion started from 22 Jan 16

You can imagine what would happen to the forex market if FF pump in another RM 6 billion.

asdf. At least more than half of the politicians are sittig on the board. They can actually to take money out of PBA in a nicer way. Ie increase the raw water intake by 33% and the remaining pay through dividends. This LGE seemed doesn't know give and take rule.

LGE just wanted to suck money out of PBA to cover its budget and refuse to share with minority shareholder by paying out through dividend. dump down

It's very likely the share price to trade below 1.00 as profit would be reduced by around 20% per annual as a result of new rate implementation.

So many criteria ...pening. It's a conservative approach. You can hardly find a company with high growth and low gearing couple with low PER.

Penang government really sucks and ignoring interest of minorities PBA. They just wanted to increase the raw water intake as they wish.

People don't care balance sheet and earnings now. They want to punish all the export stocks without mercy.

It's simple to kyy. " If you don't make money from the export stocks while I'm laughing all the way to the bank, then there must be something wrong with you. "

Icon8888. It seems the correlation is not apparent when comparing with the price of WTI crude oil and RM from 1 Jan 16 until now. WTI crude oil priced at US 35/barrel on 1 Jan 16 whereas it prices at US 36/ barrel now. When you look at the USD against RM, it was traded at 4.3029 on 1 Jan 16 and dropped to 4.094 now or RM appreciated by about 5%.

Posted by Up_down > Mar 7, 2016 04:12 PM | Report Abuse X

We can make a comparison of the regional currencies against USD started in Apr 15. Refer to the data below, the most weakness currency is RM which has been depreciated about 15.6% until now. There is a big gap between Malaysia and other countries was mainly due to political instability rather than economy slowing down. I guess RM will continue to be strengthen against USD since Ahjib has almost settled the 1MDB issue. Confident seems returning gradually witness from the foreign funds inflow from Feb 16.


ROE: USD against regional countries
Now Apr15 %
Malaysia 4.0800 3.5300 15.6%
Singapore 1.3767 1.3318 3.4%
Indonesia 12,974 12,929 0.3%
Thailand 35.4400 32.413 9.3%
Philippine 46.920 44.200 6.2%
China 6.5170 6.2030 5.1%

Uncle Koon has predicted correctly the strengthen of RM against USD in his article recently. want to hold export counter? Take care.

We can make a comparison of the regional currencies against USD started in Apr 15. Refer to the data below, the most weakness currency is RM which has been depreciated about 15.6% until now. There is a big gap between Malaysia and other countries was mainly due to political instability rather than economy slowing down. I guess RM will continue to be strengthen against USD since Ahjib has almost settled the 1MDB issue. Confident seems returning gradually witness from the foreign funds inflow from Feb 16.


ROE: USD against regional countries
Now Apr 15 %
Malaysia 4.0800 3.5300 15.6%
Singapore 1.3767 1.3318 3.4%
Indonesia 12,974 12,929 0.3%
Thailand 35.4400 32.413 9.3%
Philippine 46.920 44.200 6.2%
China 6.5170 6.2030 5.1%

It's not worth to buy BJCorp if you want see a good QR by this month. What I'm most interested is Vietnam lottery successfully launched in time.

Waiting the retailers to restructure export stocks for their portfolio during RM appreciation period. It's very likely they would channel certain portion of the funds into BJCorp once the momentum has picked up.

The beauty of the life cycle. Export theme used to be the darling of value traders. Now, it has turned into a falling knife.

Trend is your friend. Follow trend will save us from exhausting energy. Export theme is fading atleast in short term. Don't let your mind clouded with egoism. haha.

I don't know the reason of Other Payable was jumped to RM 124 million in quarter end 31 Oct 15 comparing with RM 7 million in preceding quarter. Any input?

By looking at turnover of Mining, Energy & related segment in the past few quarters, it's very likely Bornoil involved in Trading of Gold. Good news! Bornoil is enjoying windfall profit from the inventory due to increasing of gold prices recently.

Turnover (Mining, Energy & related segment)
31 Oct 15 - RM 9.2 million
31 Jul 15 - RM 38.8 million
30 Apr 15 - RM 3.8 million
31 Jan 15 - RM 34.5 million
31 Oct 14 - RM 4.8 million

newbie, i have trimed down my stakes due to its lacklutre results. will buy back when the price stablised.

Earnings seems started to trend lower in next 6 months. It‘s very likely the price would slide to 2.00.

People used to be so proud for being the followers of uncle k. This's the consequences of tailing a shark. The shark would not show a mercy to its followers once scarcity emerged.

Johortin's boss loves goreng shares one so......

Johortin's gearing jumped to 0.4 times again in latest QR. Inventory & Receivable have returned to high level. The risks is much higher now. Expect the share price to drop more.

No point looking for short term gain. this is the Vietnam toto stock. Must have a vision in order to strike big. if you dont believe in Vietnam toto business future prospect, then forget about it.

Putting conflict of interest a side, OTB did not have any good reason not to encourage his clients to buy Genetec share. Everything seems so nice in term of revenue and profit growth comparing with last year. If had warned his clients about the company directors disposing shares from Oct 15 to Dec 15, then it's reasonable to presume he would have discharge his duty. Something must be wrong when the directors had disposed more than 40 million shares during that period.

Luckily, this is a Boleh country. His clients would not bring it to the court for claiming losses due to whatever reasons i.e. Negligence, conflict of interests......

Basically, conflict of interest exists between OTB clients and he himself unless he did not hold any Genetec shares (or being a very long term investor) while offering tips. They are competing among themselves to get rid of stock quickly especially during the bearish market. No argument arising during bull market cause most of them are making money on paper. He would be warship like a stock GOD in good time. However, OTB would probably have a nightmare (mentally) in bear market while everyone suffering losses. His clients may bombard him for chartering a flight sending them to Holand.