Let me promote a bit to INSAS shareholders since you are looking at value.
YTLREIT. The management decides to delay rental payment instead of outright discount. Now, this is what i call management integrity. YTL bosses can easily justify a rental discount as it's the norm but they didn't. So, from mid 2022 onwards, i can expect 8 sens dividend for at least till 2025. Thereafter 7 sens if no rental increase. At RM1, it's 7% yield. Good for retirement passive income.
Now, you don't have to sell your Insas to buy YTLREIT.
Now, as the famous saying, i don't need you to push up YTLREIT, i am just helping you haha

Great. Make i3 forum a place to debate and not attack.
Can the majority shareholder exercise the warrant and exceed the 33% treshold and trigger MGO?
Actually trigerring MGO is not an issue, the issue is can minority shareholders stop an unfair MGO?
Many investment banks always wrote, unfair price but at the end minority still no choice when acceptance could trigger delisting. We won't wanna hold on to a privatise shares right? So, this is a general discussion instead of targeting at INSAS.
Remember below blog? I believe Philip is a genuine character too (albeit eyes only see sky) but doesn't mean he won't be wrong.



Blog: Why I bought even more SERBADK bonds and stocks

Jun 15, 2021 10:14 AM | Report Abuse

Sslee. I guess we finally have 1 thing in common. We are too dumb to understand sifu Philips. That's why he is worth so much more than you and me. Period haha

I trust SSlee. I can tell he is a genuine character. But who knows, i have been wrong at judging people many times.

I wonder in Bursa history. What would happen if majority share holder offered mandatory takeover at grossly undervalued price? Most of the time they failed or win?
This is not accusing Insas ok. Don't need to get defensive.
Bursa should have better regulations to protect the minority shareholders. Eg. can't offer less than 70% of NTA etc...




Stock: [JAKS]: JAKS RESOURCES BHD

Nov 18, 2020 9:48 AM | Report Abuse

SSlee. Yes, JAKS could be a value trap. Since you touched on this topic, i would like to comment on your Insas too since i could see that you believe in it a lot? It's not to bash Insas but giving you an objective perspective.
I didn't study Insas in details but i guess the arguement to buy Insas is because the net asset is worth easily RM2 to RM3 vs current share price of less than RM1? Now, that's more than 50% discount and look like a no brainer. However, the share price higheest was only 1.20 in the last 5 years? Now, i had invested in such companies before and would like to share with you my learnt lesson.
Let's give you an example. In my town, there are many 2nd generation rich which liked to brag about their father's fortune. Unfortunately, those riches are NOT theirs, until the father died. Worst, if after father died, mother controls assets.
So, these 2nd generation rich are actually earning a meagre thousands every month and probably wishing their father dead.
I would say Insas would be the same. Why RI when the company so rich?
You were bashing JAKS RI, rightly so. Isn't Insas worst? Yet you are still holding their shares? To me, waste of time.
Well, i HOPED JAKS different. We all hope right...

Sslee Just a curious question what if ALP refuse to give dividend and press down the shares price in order to give himself the free shares grant under LTIP to save on paying income tax. Will JAKS become a value trap?
18/11/2020 8:42 AM

Btw, for those who argue that why Karam didn't sell mother shares instead of warrant. FYI, if you could understand. When you sell pledged shares, you can't collect the proceeds. The bank would retain the proceeds in the event that the pledged account doesn't meet the margin requirement.
Now, please say TQ for learning something new today apart from online gambling

Waterfish SSlee. Good to see you in Serba forum trying to fight for minority share holders right.
May i ask those Xingquan shares how much you bought at? Trying to pour salts on your wounds haha since i know you can take jokes.
Please ignore this Mabel. You would realise that by her account (Hopefully is her), she practically owns all shares in KLSE. So, Serba goes to zero she would have lost 0.1% of her portfolio. Any shares limit up in Bursa she can brag about it. Salute
While my allegation on Serba was speculation, i don't think i need SIR to have my final verdict.
My next question is what Bursa and authority gonna do about it?
Another fugitive JLow? Of course la, this one don't have China protection.

Well i don't know Philip well enough to comment. Even with 1000% return, you need RM5mil starting funds to become RM50mil. I have substantial share holdings too but it started from my business income. Even with an income of RM20k/mth and RM10k savings, i couldn't have accumulated what i have now.
My typical Shell friends who retire with last drawn salary of RM30k should have RM3-5mil. Last drawn of RM50k RM6-8mil. With 2 kids study overseas, RM1m less lah. Assuming you have RM8mil stocks, you gotta earn at least RM40k/mth since 2001?
Very impressive for palm oil industry

BTW, how can an engineer amass so much wealth ah?
So, you are either a bribe taking crook or your pay is very high. But i believe you are the latter haha

SSlee. Congratulation for being top 30 shareholders. BTW,, i don't see how SS fits in there? So, what SS implies?
The moment of truth is here. Can Insas breaks 1.14 previous high. I would have sold at RM1. Well done

Sorry, while everyone is digging into the prosperity tax issue, i vote YES to a profit impact of 9% or so. I am not interested to know if there's impact not. Even if this happen and Hibiscus valuation get impacted in 2022, so what? Do your part as Malaysian.
Rakyat Malaysia keeps shouting to government for help. You can't help?
Or it's a matter of as long as the money don't come from me?

Make informed decision. SCIB will be suspended on 9th November. If you believe SCIB innocent, hold on. Otherwise, cut your losses. Losing 50% is better than 100%. It's hard but it's something you need to learn

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

fly or no fly, Serba shareholders make sure ask SC when to press charges against Karim for insider trading.

Irregardless of SIR findings, which if you rationalise objectively, you would have known whether it's bad or good, Karim sold his warrant after knowing the findings of SIR constitute insider trading. SC will need to take action against Karim not matter what to protect share holders interest.
As for those goreng counters having lots of PP, RI. The difference between them is that the know the rules of the game. They are not breaching any rules by having RI. As i highlighted earlier, problem with Karim is that he is not willing to pay for quality advises.

There are some forumers who influenced others to buy with malice. However, majority are silent and invested in SD believing it to be a genuine company. Majority if incurred 80% paper loss won't bother to sell anymore, including majority of us correct?
Congratulations if you have been right on SD? It feeds your ego well when you witness others suffered? I am not referring those malice promoters.
For SD shareholders, hope a painful lesson learnt in your investment journeys. For those who like to ridicule others misfortune, remember that what goes around, comes around

The EPS assume Repsol and non Repsol assets

zhang. Impressive write up. I agree that should not come up with the PE but you can use regional peer as benchmark.
Could you come up with a table for following?
EPS based on oil price at USD50 USD60 USD70 up to USD120 which i foresee oil price would hit. Then easy to have a quick gauge of what price Hibiscus is worth.
Thanks

RM1? RM1.20? You will be the next Tobby and Apple168 keep coming back to this forum to talk down Hibiscus share price. How much is your trading profits as a newbie since 2020 when you had nothing else to do but play with stocks?
The O&G has been under invested since 2015. The activities started to recover in 2018 slowly and that's why you saw O&G counters boomed in 2019. Then, Covid came in 2020 and everything came to a standstill again. So, another 2 years of delayed investment decisions again. Now, with our world going into green energy (which i fully support cos we only have 1 earth), most banks reluctant to be seen supporting O&G loans. So, many more years of under investment and what this gonna do to the supply side? I don't need smart Harvard graduated investment banker to know the answer because i am in this industry.
If you don't know how much Hibiscus is worth and your only buy and sell guidance is the flip of a coin or your feelings, i suggest you buy unit trust and let the agent make the commission and fund managers make the management fee out of you. Still, that's gonna be better in the long run than you flushing your money into toilet.
As highlighted by some forumers, Hibiscus and Sapura Energy are the only 2 pure oil play benefiting from high oil price. Unfortunately, Sapura Energy is burdened by previous bad investments and decisions. With the new ex Shell Anuar, things will change for the better. Another game changer will be the Jerun CPP now under construction by MMHE scheduled for 2023. That's another 1.5 years away but i have bought some Sapura in case i no longer can get 0.11 by then.
For O&G service providers, don't be overly excited. Recovery in 2H of 2022 possible for well managed companies like Dayang

https://www.cnbc.com/2021/10/14/goldman-sees-sustained-high-prices-for-oil-in-the-coming-year.html

zhang. You are correct. However, i always like to use conservatives figures. Otherwise, people called you con man. Anyway, i have seen your previous comments. You know your investments. All the best. People like us don't need luck, we just need time

i saw a forumer by the name of Tobby. Showing off he sold all at 0.80. I expect him to come back to this forum to talk bad about Hibiscus from now on

I am not an accountant but businessman. The only financial valuation i know is PE. When i acquire properties, how i know it's a good buy? I look at what other similar properties are selling. If below market average, no need think just buy. My only loss making property investment is in Australia and that's because i bought just based on trust and didn't do my research. Mistake learnt.
I expect Hibiscus to earn at least RM60mil a year with oil price in that range. So i am fine with a PE of 16 to 18. It's not cheap if they only made RM60m but not excessive. Of course, if you wanna be more detailed, compare the average PE of regional peers etc. I won't bother cos as i said, i bought in again substantially because of Repsol. I believe RM200m annual profit is not exagerrating with Repsol production at above USD60. Of course, if many rights issue with dilution, defeat purpose. But the share dilution gonna be minimal

Many would be skeptical about O&G counters because they argue that we are going into green energy. Yes, indeed that's the future and for the sake of my kids, that should be the direction. However, what people don't realise is that the journey towards green energy could only prop up energy prices. That would be the case until our world could find an efficient green energy source. For such technology to mature, that's another 20 years away at least.

I am long term (gonna hold more than 5 years unless some unprecedented events happened) in Hibiscus. First time i owned this stock was when it bought Shell's Sabah assets at a bargain. Average cost RM0.40 and sold at RM1. Looking back, i should have hold longer then. Hopefully lesson learnt.
Now, without Repsol acquisition, Hibiscus is already worth RM1 at average USD60-70 oil price. It's the Repsol that prompted me to acquire more Hibiscus and i have owned Hibiscus since the announcement at average 0.71 cost then.
My company has dealing with Hibiscus. I would say overall it's a cost effective and efficient operator. Otherwise, their opex won't be so low.
Chart wise, after Hibiscus broken 0.785, the next range should be 0.80-0.90 already. The probability of that happening is high. Even if not, i ain't worry cos i know it's worth.
Be an investor and not trader who cares about daily fluctuations. You wanna gamble, go Genting. Which i foresee i can visit end of Oct.
Cheers

Why i3 are full of people like DickyMe3? What he owns, he cheers up the price. What he doesn't, he wishes the price to fall.
The answer is very simple actually. These are the majority of people in our society. Only that in real life they won't tell it to your face but in their heart. Only behind the veil of keyboard, you can truly appreciate the vile of mankind

Don't everyday come here and cheer up Hibiscus. I have not accumulated enough

TG is a well managed and fundamentally sustainable business. However, don't fall into the trap that you believe the price will come back eventually. How much TG share price should be rely on TG future earnings. TG not a goreng stocks and manipulators won't goreng a stock with such market cap. TG had an exceptional year in 2020 and 2021 4 QR. Ask yourself, when things normalised, how much could TG earn? While i don't know glove business well enough to give comments, TG QR over the last 10 years should give a hint. Then ask yourself, what PE you are willing to pay for a company like TG? Before pandemic, best year TG made around RM600mil. At current price, it's still trading at PE30? You willing to pay PE30 for TG? If they can earn RM1b, then PE21 at current price which is more reasonable.
How much you think TG will earn in 2022 onwards?
I believe glove players have better idea.

Wikipedia definition of racism. Let's asked ourselves honestly, are you?
When you don't exhibit any below, now you can start point fingers

Racism is the scientifically false belief that groups of humans possess different behavioral traits corresponding to physical appearance and can be divided based on the superiority of one race over another.[1][2][3][4] It may also mean prejudice, discrimination, or antagonism directed against other people because they are of a different race or ethnicity.[2][3] Modern variants of racism are often based in social perceptions of biological differences between peoples. These views can take the form of social actions, practices or beliefs, or political systems in which different races are ranked as inherently superior or inferior to each other, based on presumed shared inheritable traits, abilities, or qualities.[2][3][5]

In terms of political systems (e.g., apartheid) that support the expression of prejudice or aversion in discriminatory practices or laws, racist ideology may include associated social aspects such as nativism, xenophobia, otherness, segregation, hierarchical ranking, and supremacism.

While the concepts of race and ethnicity are considered to be separate in contemporary social science, the two terms have a long history of equivalence in popular usage and older social science literature. "Ethnicity" is often used in a sense close to one traditionally attributed to "race": the division of human groups based on qualities assumed to be essential or innate to the group (e.g. shared ancestry or shared behavior). Therefore, racism and racial discrimination are often used to describe discrimination on an ethnic or cultural basis, independent of whether these differences are described as racial. According to a United Nations convention on racial discrimination, there is no distinction between the terms "racial" and "ethnic" discrimination. The UN Convention further concludes that superiority based on racial differentiation is scientifically false, morally condemnable, socially unjust and dangerous. The convention also declared that there is no justification for racial discrimination, anywhere, in theory or in practice.[6]

Racism is a relatively modern concept, arising in the European age of imperialism, the subsequent growth of capitalism, and especially the Atlantic slave trade,[1][7][better source needed] of which it was a major driving force.[8] It was also a major force behind racial segregation especially in the United States in the nineteenth and early twentieth centuries and South Africa under apartheid; 19th and 20th century racism in Western culture is particularly well documented and constitutes a reference point in studies and discourses about racism.[9] Racism has played a role in genocides such as the Holocaust, the Armenian genocide, and the genocide of Serbs, as well as colonial projects including the European colonization of the Americas, Africa, and Asia as well as the Soviet deportations of indigenous minorities.[10] Indigenous peoples have been—and are—often subject to racist attitudes.

T&T. Mr. 10%

https://www.powermag.com/lng-to-power-project-30-billion-in-offshore-wind-targeted-for-vietnam/

LKOH. The article is for Quang Ninh 1 which has been awarded to all the big boys. Only reason, if JAKS could secure this project would be similar to Jho Lo. And JAKS would need to find an experienced partner, which won't be a problem after you got the project.
Lucky ALP not as high profile as Jho Lo at partying.
I don't care how it's secured, as long as being JAKS shareholder i could benefit from it.
Malaysia is full of Malaysian like me, how to progress right? haha. So, i dare not condemn Ah Jib cos you can buy me with 10mil only. MYR not USD

Malaysia is imperfect but it's not that bad in South East Asia.
Talking about Chch NZ. I was there in the 90s as student and "go back to your country" is the most frequent words i heard from kiwis. Leno probably doesn't cos you stay in your cosy house and only go to Asian supermarkets and restaurant?
You might feel like 2nd class in Malaysia but you are actually treated better by so called liberal and democratic westerner. Let's be honest, which race won't help their own?
Only Malaysian chinese i think

Wow. While i almost dismissed ALP venture in Vietnam as one off. He pull it off again. This T&T Group seems to be genuine and i suspect it's politically connected in Vietnam at highest level. Just look at the attendees. ALP wife Vietnamese? Or mistress?
I give him credit for his connections in Vietnam


https://www.listcompany.org/T_T_Group_Joint_Stock_Company_Info.html

REIT is boring and it's for passive investors like me who long for dividend income. You can diversify your REIT portfolio into different REIT segments. (or countries) YTLREIT is my favourite REIT in Malaysia due to owner's integrity, travel segment (i believe in the long run travel segment will flourish. As per Jack Ma. Not so sure about shopping malls) and relative high dividend yield in 2023 onwards.
YTLREIT holders are gonna benefit from the extra income for delayed rental for the period of 2020 - 2023. We are gonna get a gross yield of 4% this year? How much are you getting for FD? i don't know since i don't have money in FD.
Potential share dilution indeed is possible. However, as per the management advise, it's gonna be income generating assets. Yield will only be affected when incoming acquisitions are getting less favourable yield than current assets. From YTLREIT track records, i doubt this will happen. Hence, worst case scenario, same yield.
As for the large fund queuing 5+mil stock, let's not read too much into it. Buy q and sell q could be a guideline but not definitive. Only top 26 shareholders can q so much and they are either YTL affiliates or unit trust. I would say you won't q 5mil on board for such illiquid counter to scare off buyers.
I managed to buy average less than 200k shares per day by queuing huge sell q. It was to scare sellers

Out of all the plantation companies, you chose 2 GLC. Thplant and FGV. And Jtiasa which lost money when others double their profit.
Stop quoting bible in your research

Below link to Jtiasa quarterly. Why March quarter lost money when CPO so high?
JTiasa was an excellent company under Tan Sri Tiong

https://klse.i3investor.com/servlets/stk/fin/4383.jsp

Here it is. In April

Stock: [JAKS]: JAKS RESOURCES BHD

Apr 26, 2021 11:22 AM | Report Abuse

While i don't know how much longer commodities gonna run, probably a lot longer. I won't buy below 3 companies because of these reasons. I understand Calvin logic behind buying these companies, which should have lower PE i presume? Sorry, i didn't study in details and just a quick guide.
1. I presume THplant and FGV both GLC? 1 rule i have is not to touch GLC if i am looking at long term investments. I believe you have seen enough scandals with GLC to know why? Even i got the privilege to run GLC, i don't mind doing it for free cos i will become very rich anyway wink wink
2. Jtiasa. Cautious with 2nd generation successors. Few succeed (eg YTL) but majority are embroiled in power struggle. When everyone is busy with politic, you think they got time to care for the long term well being of businesses? That's why i miss Dr. M. From my memory, his dictatorship period was the best economically for Malaysia. Changing PM every year won't bring Malaysia anyway, no matter who the PM is.


calvintaneng Paktua73

Now CPO price has gone into World record high

Remember you did very well buying Hlt during Glove Bull?

Now Paktua73 must not miss Palm oil bull run

Go buy Thplant, Jtiasa or FGV now

Calvin. Then you are using your logic and not hearing God's voice in your quiet time. Bible told me to be careful of those who claiming to be his disciples (from their life, not their words. Since i don't know you, i can only judge by your words. Though i find no flaws in your claim that palm oil price is high, i once highlighted few months back when you were promoting Jaya Tiasa that i disagreed with buying Jaya Tiasa while i agreed plantation could be good buy? I stated my general observations too.
Btw, Jaya Tiasa bosses are mainly Methodist from Sibu.

i agree with you plantation companies in general will report improve profits. Even the badly managed one. Only a blind man won't see that.
Is it cheap? So what's cheap? For me, i would first look at historical PE plantation stocks have been trading at? By comparing plantation stocks PE and technology stocks PE, it's like comparing apple and orange.
The fact is, can palm oil price sustain? I believe so, at least till 2022 if the reports i read are correct. Then again, same for gloves counters earnings growth in 2020?
But i detest people quoting their god in their sharings on profit to convince people.
Elijah was a holy man and his life was about serving and not profiting. You would be another one who gonna claim "i don't need the money, i am just helping you" right?

Be very careful when anyone quote from his religion. Either he is a Christian, Muslim, Buddhist or Hindu.
I have seen many such men in my life time.
BTW, i am a Christian.

Insas WC has an exercise price of 90 sen and 2026 expiry. Warrant is a high risk high gain instrument which complement your portfolio and should not constitute more than 5% of any portfolio in my opinions. Of course, if one is to gamble then it's different matters.

For those who looked at AA's previous profit to gauge AA's profit going forward, there is 1 flaw. AA sold the aircraft leasing business and gave a special dividend, remember? So, whatever future potential profit need to deduct that profit + potential apps profit

time to catch the upswing

Me 1st 2 rounds broke even. This round so far lost few Burger & Lobster dinner.



CharlesT Posted by Windy1974 > Jun 25, 2021 4:54 PM | Report Abuse

CharlesT. I am the latest water fish at 0.425 haha.
Not Genting casino so SD casino lo haha.
Manageable losses
\
I made first 2 rounds but lose in third round...cut loss ytd\

But still make some chicken rice lah
25/06/2021 4:59 PM

CharlesT. I am the latest water fish at 0.425 haha.
Not Genting casino so SD casino lo haha.
Manageable losses

if you know SD is con company yet wanna sailang?
If you lost everything, can come to my state. Many KL people lost their pants in Genting come here

0.125 You gonna lose 75%

Mugu2289 If 0.425 is the ending price. Wht is the limit down price on Monday?
25/06/2021 4:30 PM

25% of today volume done at 0.425 and 0.43. That's why i try catching the falling knife

I have been around in KLSE for more than 24 years. Yes, i know. Without us making noises, nothing would change. That's why i salute SSlee for his futile fight

ipohwhitecoffee Posted by Windy1974 > Jun 25, 2021 4:10 PM | Report Abuse

Do read The Edge today. While focus is on SD, how about SC? What have they done to protect investors interest? Look at Euro? How much losses? Focus? INIX etc? How could KLSE not in doldrum? Yes, speculators are accountable for their own action too. It's like gamblers will gamble even if you impose S$100 levy in Singapore. But at least that's better than nothing done


Brother first day play Bursa?
60 penny stocks pump and dump do you think SC care?
You lost is your problem you want mama safeguard your investment LMAO...
25/06/2021 4:13 PM

Do read The Edge today. While focus is on SD, how about SC? What have they done to protect investors interest? Look at Euro? How much losses? Focus? INIX etc? How could KLSE not in doldrum? Yes, speculators are accountable for their own action too. It's like gamblers will gamble even if you impose S$100 levy in Singapore. But at least that's better than nothing done

pak tua not here so i volunteer swing trade then. Bought 0.425 for a technical bounce.
This is not a buy call. I still consider SD guilty haha
Try catch falling knife

DrKhai. i want 1B barrels. Please email me at conman@serba.com

Don't worry, Uncle Karim will be protected in Sarawak. That's part of the RM3mil fees he paid me. No need to hide in China like Jho Lo