2 PN17? means sapeng and capA? Barakah leh?
Anyway, i am happy for you even though i don't know you.
How old are you? Don't spend too much time in i3 or bursa ya since you are investing right?
Over the past year, i have been frequenting MBS instead of Genting or RWS. (30 years addict) I prefer the MBS crowds. It always saddened me to hear how the crowds lost their life savings, many females included. However, what's saddened me more is that they said they won't stop going to casinos.
Sap is my only PN17 counter. Which is within my 10% limit. So, worst case scenario, i will be alright. I bought Sap because without Sap i won't have made it today. Also, i truely believe Sap is a competent company.
Albeit all the negativity, Sap gonna get Lang Lebah which is one of the biggest oil & gas projects in Malaysia together with McDermott. This is not insider news, any decent oil & gas veterans would know. With Lang Lebah, Sap yard gonna be busy at least for the next 5 years.
Sap indeed needs to cross a huge hurdle but i believe they would eventually recover.
BTW, if you hold Dayang, it's not too late to sell even at current price. It's the best managed oil & gas company in Malaysia but profit outlook ain't positive

By the way Mabel. How many counters you own in Bursa? You seem to be everywhere?
My father in law started "investing" in Bursa since the 80s. I know during the 2000s he owned more than 200 counters. I never asked him again but i am pretty sure he has negative returns. Even if he put into FD, the money should have doubled

i doubt anyone of you own more sapura shares than me. I don't see any problems with the edge article.
At the end, you are defensive because it affects your interest

Why you associate Customer T with Tesla? Do you know Genetec business? You know the people running the business? The day would come when you realised there is no Tesla, but yes, there is a Customer T indeed. So, Genetec didn't lie.

Commodities price fluctuate. Since we can't predict the fluctuation, we should not buy or sell based on predictions. For PChem, recovery will be long and painful and not due to commodities price fluctuation. When i posted below, PChem was at RM7. At current price, no point to sell. However, i believe the woes for Pchem's far from over. Philip can enjoy the paint dry.

Posted by Windy1974 > 2024-02-26 15:46 | Report Abuse

Ah Beng: Bro, how's your problems at Pengerang? Can settle?
Ahmad: Bro, pening lah. Can't solve so easily
Ah Beng: Roger. There's one guy Philip holding quite a lot of PChem, wonder should i tell him. Very ungrateful guy, someone hinted him on SKP but his ego as big as elephant

Below articles dedicated to those with insecurity

https://www.betterhelp.com/advice/defense-mechanisms/why-am-i-defensive-understanding-the-root-cause-of-defensive-behaviors/

Windy1974

don't say no stock tips ya. T7 rumours secured 3 MCM packages. Dayang same. For Dayang, means business as usual but for T7, that's a big boost to turnover. Profit margin yet to be seen

don't say no stock tips ya. T7 rumours secured 3 MCM packages. Dayang same. For Dayang, means business as usual but for T7, that's a big boost to turnover. Profit margin yet to be seen

My suggestion for those who bought yesterday. Sell today with your gains or slight loss. The bottom yet to be found

Since you want further elaboration.
My father recently renewed his land title. I can't remember but the premium was less than 3% of the valuation i am sure. So, the property still worth whatever it is minus the 3% renewal cost.
Now, I know no plantation owners in Sarawak ever dreamt about returning part of the lands to the government. At 25%, means the land value drop by 25% of current valuation? At 20%, drop 20%?
I look forward to a sucker who would buy at no discount.
That's without factoring management risk and most importantly, family legacy risk of the Tiong family. Tan Sri Tiong was once Top 10 richest in Malaysia. What's his ranking now? The world moves on. Riches too.

Should anyone buy any Singapore properties which after expired of leasehold ownership reverts to the state?

I always thought that one best measurement of plantation company is production yield per acre/hectare? That's why IOI and KLK are priced at a premium?
The reason i didn't acquire plantation lands was because the ROE was so low. With the return, i might as well put the money in FD and sit there do nothing. That's what a lot of the Tiong family members are doing now.
By the way, Sarawak government is mulling the possibility of plantation companies returning 25% of their land for title renewal. I would say the possibilities are high so better avoid plantation companies with Sarawak lands. Also, anyone in plantation would know that Sarawak plantation lands are the cheapest in Malaysia. You buy cheap you also sell cheap

Genetec's chart very nice. The dump only starts to gain volume so expect lower target price. I say 0.50 can consider

It shows a classic case of pump and dump. If 0.93 can't hold, wait at 0.60. It's always exciting to catch the falling cleaver

3iii can communicate in more layman terms nowadays. Great.
SSlee still SSlee, can't stop arguing with his Mike.
My word of wisdom. Be extra careful when people profess below statements
1. I am very religious one. Trust me.
2. I am trying to help you.

Genetec future prospect has nothing to do with EV or whatsoever. Do you know the owners behind Genetec? You know what Genetec was doing prior to listing? High tech Malaysia stock? Name me one KLSE stock that's high tech? China stock market no longer easy to cut vege cos the securities commission is getting stringent. Hopefully Malaysia would change in 10 years time. After my company listed anyway using the same modus operandi

Wake up. What else needed to put right in your face to realise BAT and Astro are sunset business?
Dividend yield is only good if the profit could maintain. For these 2 stocks, who would like to bet with me over the next 10 years the chart is downward trend. I give an odds of 1 to 3

JAKS shareholders are in a catch 21 situation here. The losses are so much that they felt pointless to sell. I am glad my friend sold his AT with more than 90% losses. Remember KYY posting in front of AT? If KYY was naive, then he was not wronged. But i believe he is quite smart lah. Anyway!
JAKS jewel is VN powerplant. However, everything else was bleeding cash. Hopefully LSS4 is positive cash flow lah. More PPs are inevitable. Whether this is ALP's smart move or not yet to be seen. Either way, JAKS would suffer short to mid term unless VN powerplant distribute dividends. Would they? This situation reminds me of Muhibbah. On paper, Muhibbah makes tons of money from Cambodia airport concessions. Have they seen the money after so long? This is like SSlee kept bragging about how much Insas's worth but can see but not touch. Of course, now he can start complaining after he no longer making losses in Insas shares. Another classic example how our judgements/comments are distorted by our interests

It's unfair to compare Insas to YTLP.
So please allow me to keep it even more simple:
It is not hard to earn money from Bursa by just remember:
Share price will increase if EPS increase

1. EPS will increase in present of Earning Growth Catalyst (EPS sudden increase due to increase favorable production/products price or sudden reduce in raw material cost)

Above was quoted by you. If you are not careful, you end up in KYY category. Sustainable share price appreciation needs to be supported by sustainable EPS growth. Does Insas has sustainable EPS growth? NAP i can agree lah. 2024 would be my 30 years in share market, the only sure thing that would lead to share price appreciation, EPS growth, without failed.
Now, it's ok to argue over whether YTLP earnings growth are sustainable or not. No issues. That's what i3 forum supposed to be. If you wanna compare apple to apple, at least compare 2 potential growth stocks. Eg YTLP vs Harta or YTLP vs PMetal.
My opinion on glove, yes, it is in an organic growth industry but i would like more time to see what damage China companies can do to locals.
As for PMetal, it was a fairy tale Cinderella story. PMetal could expand their productions forever with cheap hydro electricity from SESCO. That's until his best buddy retired from the top post and died in February 2024. SESCO no longer obliged to sell new capacities at depressed price to PMetal. Heard PMetal is moving into Indonesia. Let's see if the tiger can beat the local worm or not

Those who sold YTLp were short sighted

Not sure how high KLCI can go but i do believe we are entering a bull market back up by earnings. At last, under Anwar and Rafizi, Malaysia has captured the next growth catalyst. Renewable energy. Malaysia has a geographical advantage for solar energy. We have most sun hours. Johor caters for data centres and Sarawak gonna cater for hydro and solar energy. Singapore needs Malaysia in order to achieve carbon neutral status.
Sarawakians have enjoyed tremendous wealth creations since Anwar took over as PM. By giving autonomy to Sarawak government. Sarawak companies will do well. Disclaimer: Not sure if that would include the Tan Sri Tiong's companies or not with all the infightings.

In order to play momentum of earnings, either you know the industry very well or you monitor prices. Then again, prices of commodities rise and fall. Those who bought Hibiscus when the missiles were flying got caught with their pants down. The smart one like me bought before the missiles fly. Just bought Hibiscus 2.58
https://www.cnbc.com/2024/05/05/hamas-says-latest-cease-fire-talks-have-ended-israel-vows-military-operation-in-very-near-future.html

SSlee is getting better in stock investment. However, most Malaysian can't afford his risk level.
Most Malaysian best follow 3iii, problem with 3iii, most can't understand what he said. He and most intellects don't understand that you need to converse at average IQ level.
Hence, please go and listen to Grand Pine Alfred youtube live every Tuesday 830pm. While i don't listen to it live, i always listen when i exercise. It will help most Malaysian. He is one guru i respect. Not like majority Malaysian gurus who are helping you without any motives (Most Malaysians dumb enough to believe)
BTW, he is from China. Reflect badly on Malaysians integrity

Most likely scenario for SAP
1. Banks haircut
2. White knight inject new funds
SAP has 11B debts. Unsustainable. Needs 70% haircut at least.
SAP is a competent company. All divisions are profitable now. O&G gonna enjoy at least 3 years of honeymoon or longer.
The last time they got into trouble because of ONGC indian project. I won't wanna be racist but as they said, if you need to choose between snakes and ..., kill SSlee

Below statement from Sapura. We have been supporting Sap projects for more than 10 years. During PN17, payment term had been cash before delivery. Sap couldn't bid for Petronas jobs too due to their financial situation. Since mid 2023 Sap started bidding Petronas projects again. Most importantly, below statement was issued when SAP was seeking best price from vendors like us and assuring us that they would be out from PN17 soon. First time they issue such statements. Any tom dick and harry companies issued this, take it with a pinch of salt. Sapura doesn't simply issue unfounded statements. I expect my company would get paid our long overdue debts earliest by June. Very confident about it
While currently we are in progress to manage the Debt and to moving forward, by this time Sapura would be out of PN17 Status.

It's spot on for SSlee to highlight the cashflow. If you are an employee, you would think it's no big deal but cash flow is a big deal when you own a business. It means you need to crack your head to find source of financing to pay your overheads and bank loans. Another mistake JAKS made was to complete the LSS4 when solar panel price was at it's highest after the Covid 19. Solar panels cost much cheaper now. Anyone who rushed to buy after Covid19 was not too smart knowing the supply crunch was temporary unless you have a deadline to meet. Of course LSS4 got deadline, but there are LSS2 projects yet to be completed. To me, it shows the competency of the management to certain extent

Below are statements from yesterday tender RFQ for 20WHP received from SAP. First time with this statement. Don't say i don't show you money making sign ah.

While currently we are in progress to manage the Debt and to moving forward, by this time Sapura would be out of PN17 Status.

just a simple check of last 10 financial years, only 2022 made 7m. If 7m profit worth 600m then my company worth more lor. You wanna buy my company? Cheap sale to you for 600m. Anyway, many suckers in Bursa. I have invested 30 years, hopefully i no longer a sucker

I come here because all the sudden got 1 top article in i3. I had a brief look at 2022 annual report. 124 shareholders controlled 90% of the company's shares. The company demonstrates the classic example of "stock holding being controlled". A company worth 600m when the turnover only less than RM300m. What are they doing? Construction and masking tape? I thought rocket science.
Greed is the mother of all bankruptcy. Go and learn from Grandpine Alfred Chan before you lose your pants

Ah Beng: Bro, how's your problems at Pengerang? Can settle?
Ahmad: Bro, pening lah. Can't solve so easily
Ah Beng: Roger. There's one guy Philip holding quite a lot of PChem, wonder should i tell him. Very ungrateful guy, someone hinted him on SKP but his ego as big as elephant

Mr Huang. You sounded like an intelligent person. I never know any intelligent person in real life that like to argue with someone he thinks is dumb. You are the 2nd one. 1st was SSlee. The good thing about SSlee, he learnt.

Let me be your fake technical analyst for the day. Insas's volume shrank considerably over the last few trading sessions. It's crucial for Insas to close above 1.16 otherwise the upward momentum would be ended. Insas could witness a new trading range of 1.00 - 1.27 vs the previous 0.70 - 1.00

Congrats to Sslee. While i suggested you to take profit this round, the chart seems to indicate something interesting might be brewing. If this surge was not casued by speculators then i would sell 30% at current price and only sell if dropped back below 1.00 another 30%.
You should consider putting some into Sap Energy. 3 months maximum before you would hear some positive annoucements

i made below speculations in Sept. Let me add some more speculations. All are speculations
1. Sapura don't have to sell OMV to raise cash
2. Sapura will pay all suppliers verified
3. Sapura out of PN17 within next 3 months (according to tukang tilik i consulted)
All above are pure speculations i come up with

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

2023-09-01 22:33 | Report Abuse

Let me make a speculation on how the PN17 could be lifted. The banks (borrowers) would take a hair cut of 80% debts and will be paid in Sapura new shares at minimum 0.10 per share. With this, Sapura won't be burdened by the hefty interests every month. Thereafter, a white knight would inject cash into Sapura. This will help Sapura pays the vendors and cash flow for existing and future projects. Without monthly interests, Sapura could make up to RM1Billion per year. That's in the best interests of borrowers and all stake holders. Sapura will be profitable with current top managements

There are syndicates but no institutions in sap. Yesterday initial volumes were me buying.
Every sap employees already heard rumours of what's gonna happened within next 3 months. You just need to find any sap employees to ask. The positive thing is they don't even need to sell cash cow sapura OMV.

Sslee. Make sure you don't miss your exit opportunity this round. Don't know when would be the next opportunity...

Btw, i consider my Sapura high risk speculation which are within my 10% funds limit

1 need to understand the impact of share consolidation. if your company is making 100m a year, you hold 1m shares at 0.05 and 100,000 shares at 0.50 makes no difference. The problem comes when you hold a blood sucking company's shares which dropped to 0.01. The reason they consolidate is because there was no more room to drop. So, understand whether you bought a con man companies in KLSE or not is more important than share consolidation. I would say 80% of companies in KLSE are here to con you.
I encourage you attend Grand Pine Alfred Chen's youtube live and courses to improve your share knowledge if you consider this investment and not casino.
You are better off in Genting for gambling. At least you get free hotels and food for your losses

Let me make a speculation on how the PN17 could be lifted. The banks (borrowers) would take a hair cut of 80% debts and will be paid in Sapura new shares at minimum 0.10 per share. With this, Sapura won't be burdened by the hefty interests every month. Thereafter, a white knight would inject cash into Sapura. This will help Sapura pays the vendors and cash flow for existing and future projects. Without monthly interests, Sapura could make up to RM1Billion per year. That's in the best interests of borrowers and all stake holders. Sapura will be profitable with current top managements

Hi John, where can i get the info on contra volume below? That's indeed very useful information.
Contra players can never beat the big players cos they have information on total contra quantities and force sell. They can even tell when all force sell are done or not. Now you know why someone wanna own a brokerage firm right? Profit of the brokerage firm is just a side dish
22/8 Tue. 0.210. 31,552,600 VWAP 0.209


23/8 Wed. 0.205 . 30,288,900. VWAP 0.209- 0.206 .
T+ 1 : 726,628


24/8 Thur. 0.200 28,776,000 VWAP 0.201
T+2 = 0 , ( T + 0 = 15,819,572 )


25/8 Fri. 0.195 39,189,500. VWAP 0.195
T+ 1 = 0. ( T + 0 = 18,804,000 )

DatoT20. Those are insider informations. You or Sapura management who disclosed those information could be charged by SC. Careful ya

i agreed many PN17 companies in Bursa's are gone case. The owners had no interest to save the PN17 companies anyway. If any, i hope AA and Sap Energy would be different. I believe Tony tries to save AA and Anuar tries to save Sap Energy because of money pumped in by government. I have dealt with Sap Energy for over 10 years and in my opinion Sap Energy is run by capable low and middle management. The problem was with top management. This not only happened in Sap Energy or GLCs but also in most Bursa listed companies. What justified Lim Kok Tai's exorbitant salary package? That's why i prefer the American way. Big pay package from share options which only can benefit if the share price performed. In Bursa, companies no need performed and the CEO can make tons and that's not only exclusive to GLCs.
Malaysia is on the way down. Most forumers here chanting Sap Energy are simply gamblers who have no interest in Sap Energy's survival. As long as the price reach their target. Which many settled for 0.055 and 0.06 and these people think they are smart. Indeed, this should be profit take level if there is no actual hope for Sap Energy. If yes, these people who chanted confident when Sap Energy was 0.035 will be the naysayers from now forward

This article first appeared in The Edge Malaysia Weekly on August 14, 2023 - August 20, 2023

THE trading volume of Practice Note 17 (PN17)-classified Sapura Energy Bhd (SEB) has picked up over the past couple of weeks, prompting market watchers to suggest the emergence of new shareholders in the oil and gas service provider.


However, a fund manager says he is sceptical of ADNOC or any other large oil and gas outfit buying into SEB as it is in the cash-strapped PN17 category.

“Maybe after SEB’s restructuring (slated for November this year) and after it exits PN17, I would believe ADNOC or any other party buying in, for now I have my doubts on the likelihood of ADNOC or anyone buying in,” he says.

SEB’s share price hit its 52-week low of three sen on May 24 but had rebounded by 50% to close at 4.5 sen last Friday for a market capitalisation of RM719.1 million. At current exchange rates, SEB is trading at less than one US cent a share. This is in stark contrast to the company’s total assets of RM12.84 billion as at end-April this year.

Despite its huge asset base, SEB has seen better days. For its first financial quarter of FY2024 ended April 30, 2023 (1QFY2024), SEB made a net profit of RM146.09 million from RM951.73 million in revenue. For the corresponding period a year ago, SEB raked in a net profit of RM91.93 million from RM886.08 million in revenue.

Net profit in 1QFY2024 received a shot in the arm from foreign exchange gains that amounted to RM217.62 million.

As at end-April this year, SEB had cash, deposits and bank balances of RM840.19 million, and short-term debt commitments of RM10.77 billion, and no long-term borrowings.

To put things in perspective, SEB’s finance cost for the three months ended April this year was RM185.08 million, up from RM125.39 million in the corresponding three months a year ago. Annualising its finance cost would indicate that FY2024’s interest payments would amount to RM740.34 million.

SEB also had accumulated losses of RM16.67 billion, resulting in a shareholders’ deficit of RM3.35 billion as at end-April, 2023. SEB’s net liabilities per share was 21 sen for the period in review.

A source familiar with developments at SEB says almost all its major assets have locked in charter contracts, which means it should be generating profits, and all the previous contracts that were difficult to honour — because of low margins or other challenges — have been renegotiated.

Meanwhile, SEB’s largest shareholder, PNB, must be watching the events with bated breath, as it had taken a hit from its foray into SEB. PNB came to have a 40% stake in SEB after the oil and gas company made a cash call in 2018 to raise RM4 billion — RM3 billion from a five-for-three renounceable rights issue at 30 sen each, and RM1 billion via a two-for-five renounceable rights issue of new Islamic redeemable convertible preference shares at 41 sen each. PNB took up unsubscribed rights shares, resulting in its shareholding ballooning to 40% from 12.6%, making it the largest shareholder.

PNB pumped RM2.68 billion into SEB, over and above the amount utilised for it to accumulate the 12.6% it already had in SEB prior to the cash call. PNB’s 40% stake as at SEB’s close last Friday is worth RM287.64 million.

don't be greedy and buy warrant. even if you gambler, gamble with sense

rr88. I don't normally respond to nuisance like you. Let's put a bet if you dare? By 31/8 if lower than 1.03 i lose otherwise you lose.
Punishment, donation to charity. You choose amount and organisation

paktua took profit good sign for me to buy. At the end bought at 1.03

paktua took profit good sign for me to buy. At the end bought at 1.03

q buy 1.02. Not yet done

My congratulations to those who have bought AA. I was tempted to reenter AA after they surged to 0.94 but i decided to buy another counter. I am still holding 30% cash since i am not convinced economy is recovering. A quick check on many industries, (Actual people and not like analysts who just read GDP figures), they are expecting to hit 50% of this year's sales target.
AA annoucing improvement in QR is a given since my flights were all 90% full minimum.
There were a period of time in my investment journey where i thought i was smart by choosing low PE companies vs high PE companies and the market proved me wrong by the high PE companies share price consistently outperforming my low PE companies. I told myself, time will prove me right. Sadly, after years, time proved me wrong and now i understand why. Investment is never an exact science and we need to be humbled.

https://www.cnbc.com/2023/08/09/cramer-tells-investors-they-need-to-buy-stock-before-its-big-move.html

One need to understand that REIT distributes dividend doesn't mean price won't drop. Just same as you buy property. Those who bought after 2014, condos, who are making money?
So, what sectors and locations are important too. You won't wanna buy badly managed shopping malls or offices. Btw, everyone knows offices oversupplied.
I suggest diversified into Sunway REITs, AXIS REIT, IGB REIT and of course YTLREIT. If you agree with what Jack Ma said, future generations will spend more time travel and hotels will be in high demand. Of course, well managed and quality hotel. I am reluctant to say this but JW Marriott KL is actually underpriced for it's quality and location. I am reluctant cos i like to stay there for my wife's shopping.
When hotel rates go up, YTLREIT can get better rental rate. All other countries hotel rate has gone up at least 20%, Singapore 50%. Now, RM400 can only get you 3 star hotel (lousy one) in SG.

Yes. I am expecting full year 7 to 8 sens. No complain but YTL should revise higher upon lease expiry and i expect YTL to do so as they are fair to their shareholders

Let me give you the live action on the ground instead of reading what analysts said.
Am in MBS and took up their 100k NN package. With that, i get 2 room nights worth $1.1k per night. With RWS? The same amount will get me Hotel Michael. Have you stayed at Hotel Michael? Basically it's a no frill so called 5 star hotel just like Genting 5 star. The boss mindset still very chinaman. Room is for you to sleep and you are expected to gamble 24 hours a day. The last time i was at RWS, it was basically 30% of pre covid level. Casinos make major chunk of their money from VIPs. RWS only attracts mass markets. Genting can only be a kampung champion because of monopoly in Malaysia. With casinos opening everywhere (Thailand, Japan), the only path forward for Genting is downward. It's not maybe, it's inevitable.
Of course, no issues for LKT, he is the highest paid CEO in Malaysia thanks to you. BTW, you think he deserves to be highest paid?