Check their website for AR and QR

Domp, technically Rapid is still sound. Assets is double liabilities. Equity is almost same as liabilities which means borderline leverage.

It’s simply a case of red flag raised by auditors, tribal sell down and lack of any indication of upside expressed by the management

I have held nothing for a long time fyi

They never entertained me when I approached them to improve their balance sheet quite a while ago

Lol. Every 3-4 days it dropped since it announced dividend. Cmon, you experienced folks knows what’s happening

Big complaint letter from super small minority shareholder? Good luck

There’s a better chance of engaging with PLCs if you have any real plan to potentially improve a PLC’s balance sheets. I do that all the time and I get replies some time…

HRC won’t bankrupt lah, they have huge backers. But they need to improve their balance sheet. Not easy with many depreciable assets

If they, and all other O and G companies rely solely on oil prices, then that’s not good

They are an oil refining company first and foremost. They are, in a word, dependent

Hope?

Which Merc model you aiming to buy based on your bet on HRC, pang?

Surely not any of their EQ models, right? :)

Then don’t lose your integrity. Genetec. I know you lied. Don’t ask me for proof coz I’m rarely on desktop i3 and I’m a lazy SOB. You probably forgot you lied. Most people do when it comes to interacting on the Net

As it is, I’ll take leave. Everyone will choose their gambles

Hopefully none choose any “sifu”

Unless that “sifu” has a proven track record

You take care now…

Forgetting that diatribe regarding Sting…

These CFM operators will take your clothes, your boots and your motorcycle. And much much more

If anyone here are traders that stare at several monitors for 8 hours, my respect to you. Consider yourself as market makers

Look in the mirror

Sting, I don’t like liars, y’know right?

Amazing to read obvious opportunist traders and gamblers using the words “hope” and “see how”

Respect to you guys

Ooo.. just noticed the “rebound”

My sincere apologies : One of my posts above stated a building I visited had Sunview’s solar panels on the rooftop

It was not Sunview. It was Sungrow. Can Goog Sungrow

Sorry again! Not it matters much!

On 8th Mar, CFM hit limit down on thin volume. It kept falling for the next week with thin volume again

CFM announced rights subscription in BSL on 15 Mar. They subsequently replied to Bursa’s query the next day and then made amended announcement on 17 Mar

It’s only in the past 6 days that volume spiked tremendously, exceeding its issued number of shares in the 6 days total

You guys still dunno how come the volume has exceeded its number of issued shares in the past 6 days? C’mon…

Remember when you are mati, you do not know you are mati. It only hurts others

The same applies when you are bodoh

Don’t simply jump in to buy counters. Gotta do research. If you see any red flags, stay away

https://themalaysianreserve.com/2017/12/05/sc-fines-5-directors-total-rm2-5m/

john55555, my suggestion is to ignore ALL announcements/MOUs by certain PLCs that have absolutely no expertise nor the know-how when it comes to the current EV hoopla. Correct me if I’m wrong but I think most of such announcements had to do with “marketing the EVs”. Meh. I doubt them very much but, for the sake of those that bought their shares after announcement, I hope things work out to some extent. I mean, I don’t even know who some of these electric bike manufacturers or bus manufacturers are altho I admit I didn’t do much research for the reason in the sentence below

Trust the current PLCs involved/engaged/appointed with long established vehicle manufacturers instead. I sure as hell don’t see any reason Bermaz or Sime or Naza or Perodua or Proton would actively go out to reach agreement with indiscriminate “small time” EV manufacturer; they surely can’t (due to contractual reasons) and they won’t (due to TRUST)

This whole EV “jump on bandwagon” by several local PLCs reminds to wear rubber gloves after taking Covid vaccines, if you know what I mean ;)

Domp, investors can do absolutely nothing. This is totally different given your banking example

Too many UMA replies to Bursa by various PLCs saying “We don’t friggin know. It’s the stock market, Bursa. Fer crying out loud, why issue us a UMA? You don’t know the stock market meh?” (hahaha)

Oops, yeah domp, sorry for my typo re volume that day

I never bought. A few years ago I approached CFM coz I thot they needed cash (loss making) and they own decent assets in KL. Then the takeover offer came

Sometimes it’s really tough to decipher what these stock masterminds do; read the last time Jacky Pang bought shares (and from the open market!)…

Look at CFM’s PP announcement. Look at the 84M volume on Jan 20 and its share price that day. Buyer and seller were the same party

Google all the counters where Jacky has a stake. Look at their share prices now. Look at their 5 year chart

Mr Pump and Dump

Stay away from all counters where Jacky Pang has a stake. They are all terrible companies that stay listed because they are within the rules and regulations of Bursa, especially when it comes to shareholders’ fund versus issued/paid up capital. They use others’ money to pump into the company to avoid being an affected issuer

Meet Joe Black

Soon

I’m actually more interested in the reasons EPF sold instead of SunREIT buying. We’ve read SunREIT’s reasons for buying but nothing from EPF thus far…

600M is not nothing. Not for any of our GLICs.

Private and Confidential, I meant. Besides, no one can go to the rooftop without a valid reason to see the panels

Chon, my reason for visiting the building is P

Thanks dragon. But I never type “advise” in any public forum, I prefer “suggest”. But, hey, that’s me coz I consider myself as just ain’t good enough and am still learning. Good luck and all the best

I still haven’t bought but am monitoring. Coupla red hammers in a week of global turmoil do that to me always :)

I actually visited a building this week that had Sunview’s solars at the rooftop. Building was fully completed last year after some delay due to the MCOs

Not that many panels tho coz, while the building is almost 20-storey high, it’s a relatively “slim and tall” building given its smallish land size, hence limited rooftop space. The building has rain harvesting as well

Chon will jump on this “chance to promote” I provided, haha, and the rest will just go “mehhh so boring” :)

But, yes, I’m watching this counter. Have been since I started posting here. Why else would I be here?

Pang, you need to see which appointed funds EPF were using to buy and sell (read the announcements more carefully, esp “Name of Registered Holder”). For EPF, obviously, they are the ultimate beneficial holder (“EPF ACT 1991”) but that is how they trade their investments using many appointed fund managers

But you are right in a way : Prior to the small buying lately by one of their funds, their other fund sold much more early this month. The price went up the days they sold “big”… check the prices on 20 Feb and 28 Feb when EPF sold hundreds of thousands of shares but the price went up. What does that tell you?

She won :)

Pang, the KLSE market will rebound big time this year

The big local institutions recognises how the world market reacts (since they themselves are in the world markets) and, importantly, anticipates a good growth here in Malaysia when it comes to the two most important drivers of the country’s economy : manufacturing and real estate. Both involve the banking industry

Most of the planned IPOs for 2023 have not, to my knowledge, postponed their public offerings “due to adverse market conditions”

Malaysia is on a path under the current administration that is better than what has happened since 2018. Corruption in all forms must be reduced even though it will never be eliminated since it’s impossible

Lol Pang bro!

No lah. I don’t approach Big Banks, Big Tech, Big Oil and Big Pharmas (and even Big Gloves) coz they have sufficient reserves/retained earnings. It would be a waste of my time coz they can easily do corporate exercises if they need funds and/or they just make a few phone calls to VVIPs

Not impossible for me to approach them but it is 99.9% improbable they will entertain me

When it comes to banks, I’m only interested in properties they auction off. And even this is super tough coz there are syndicates in court rooms during the auction, argh

===
Anthony,
Do you also approach maybank to sell their asset last one year and being turns down?
So, then you realise maybank hv string financial back then you starts buy in maybank, is this your story for this round?

i3gambler, I can understand your reason but sometimes it’s best to ignore local institutions trading what they invested a long time ago

If you only buy what local institutions buy then you can get burned also. Look at Dialog… I got tired of searching the last time EPF and KWAP sold; they seem to just keep buying. So how? :)

Not exactly true, Natsuko

It depends on a person’s risk/reward

Almost exactly 1 year ago, I gave a hint with a message “Buy First, Ask later”. That was in a Telegram groupchat. I’m sure a few there are super happy after they took my hint (without naming the stock)

We’re here to make money after all. Most don’t give a sh*t bout fundamentals, they just wanna make money in the short term. I fully understand that

To those that don’t really know, here’s another hint : Google “Selangor Dredging” and try and research and see if you can make any connections. My previous hint was “perfect”

Good luck

Since this is the Pertama thread, try your research who are its major shareholders. You may not be, uh, “perfect” in your research and, hence, realisation but I’m sure it’ll be time well spent compared to just trading

Pang, there are many many stocks in Bursa ripe for goreng :

1) Penny stock (of course!) with low-ish share float without any real business direction; very easy to “convince” bilis since it doesn’t take a lotta buyers to push up price. Targeted stocks are those with usually historically very little interest (low volume) and the bid-ask spread is large

2) Folks doing the goreng will promote. And promote. And promote some more. Here at i3 but usually via direct private other channels (Telegram, FB, WA etc etc)

3) When price target reached, goreng folks sellout

Usually targeted goreng stocks are those with few ready buyers historically. The “syndicate” then make their move

I sure ain’t no sifu and so I’m most definitely not in a position to teach you. I’m just answering your question (altho I’m surprised you asked….. perhaps you were joking, haha)

Try and see if you can search for a movie called “Boiler Room”

Hello Ken :)

Human nature, as evidenced behind a computer screen, is fascinating but also boring since it has been the case for the longest time.

I am still unconvinced by ANY solar companies listed in Bursa (except TNB). Sunview still has baby smooth skin. Hope it continues to attract genuine investors instead of……

The various degrees of happiness in stock trading :

1) Buy a particular stock. Stock goes up. Sell on contra. Make money. Be Happy

2) Buy a particular stock. Stock goes up. Pickup stock. Check news, company announcements, worldwide scenarion, FA and TA. Sell for profit when both FA and TA appear to be going downhill. Still (should be) happy

3) Buy a particularly good stock that has been listed for a good while (especially those not fond of corporate exercises involving new share issues or ESOS or rights; placements are fine if company is strong, gearing is below threshold and shareholdings are SUPER tight). Pick it up. Keep regardless of short term volatility (short term = 6 months, in my case, and with super respect to Bursa, its local, foreign and retail investors/traders). Share price goes up to the point where you’re breaking even on your cost of investment. Sell number of shares up to your cost to protect your capital. Own the remaining free shares

Of course, the above are my ways. Everyone’s situation is most definitely different and I fully understand that

But daily/constant promotion by certain folks by way of daily postings consisting of things that experienced and hardened investors/traders (that SOME respect) find annoying can result in NOBODY paying anymore attention to those certain purely “I bought and so I promote because I can here in i3 as long as I never mention Justion Bieber” folks

Tree knows. I requested him to keep his counsel in a particular thread where he had been pretty active (but ONLY when some substantial announcements were made) and that the stock price has been going up steadily. He said “ok” and was silent. There was a recent emergence of a new substantial shareholder over there, I gave my rather cautious opinion even though I own free shares, Tree more or less questioned my thinking/posting (hey, why give “negative” comments when already a shareholder, right?) and it is what it is now (consolidation mode)

Have a good lunch folks

Lol at greatwall, ahahahaha

Chon’s excited lor, like many many here

Tree, I’d suggest to leave him be. I don’t like calling anyone amateurish and pitiful. Let it be. Stop

Chon said he’d take a breather. Oops, he forgot. Bcoz he hasn’t exited. Like in PTRB and probably elsewhere. He likes to Goog and post “news” here

Sime Darby has 15,000 acres. Which do you think Sime will do :

1) Keep them forever as oil palm plantations and make money from palm oil; or
2) Target strategic landbanks and develop them into townships (which they have done over decades); or
3) Do neither of the above and just cut down all those oil palm trees and turn them into solar farms bcoz, oh, “the entire world is into renewable energy and ESG and so we’re gonna do that, we’re gonna kill all those gazillion solar energy companies coz, hey, we are the largest listed landowner of real estate in Malaysia and when those Google satellites update their GoogMaps, the images from space will show Malaysia full of solar panels instead of green color!”

Are golf courses green or should such courses be monetised and turned into real estate development or solar farms?

Chon : THINK!

The ultimate beneficial owner is registered as “EPF ACT 1991”

i3lurker, EPF trade their investments. Their investments in a single stock are done using several accounts with instructions give to their appointed fund managers at various IBs

One account can be in the name of “Employees Provident Fund Board” while another account can be in the name of “Emplys Prvnt Fd Bd” (not a typo) and etc etc with the ultimate beneficial owner being Employees Provident Fund Board

Lol @sslee

What did i3lurker delete his posts about how EPF invest and trade?

Eh, really goodbye ah Tree? :D

I ain’t never gonna go back to visiting the TSH thread, no thanks to you and a few others. What a public toilet of a thread at TSH

For you to say KLK will tone down due to windfall tax is so fcking ridiculous that I think you really need to visit a shrink. Omg, jeez…

There are more than 1,300 listed companies on Bursa. I doubt trading and investing is anyone’s full time job here. It’s most definitely not mine. It’s very difficult to track all such PLCs

In late August last year, I mentioned EG in a Telegram groupchat. That’s after I researched the industry their in. I even posted I hope they return to their glory days when their share price was 80-ish sen. I was blown away by the past coupla weeks’ price action

I believe everyone in that groupchat knows I’m a patient guy. There are quite a few other examples of me being patient. Most there know (quietly)

To have actually talked to senior managements of various PLCs is a huge plus in your investments. I know many many here will not be entertained by the senior management of various PLCs (other than saying you’re a super minority shareholder and you wanna ask about their biz). It’s just that my day job is in an industry that such PLCs (and private companies) will take my call and have a chat

Will PLCs take your call?

I ain’t blowing my trumpet here. I’m just stating obvious facts about business

Just be careful about what you buy. Riding momentum and contra-ing is absolutely fine and encouraged but only if you look at your own personal situation and recognise potential pitfalls

Never, ever, be greedy. EPF is never greedy, they just want to make money using multiple trading accounts that buy shares in the same counter, pick up those shares and then trade them

As an aside : I think our market’s gonna pick up. For days on end, there have been profit taking with losers bashing gainers. I think the turnaround will happen this month. Good luck and, remember, there are more than 1,300 Bursa companies :)