Poor QR coming again?

FL Bhd announced poor QR. Maybe Ekovest also?

PlsGiveBonus Director selling?
21/11/2016 17:03

QR poor. Poor contractor?

Heard KYY support Bersih 5 hence Gadang cannot get govn contract.

Weak ringgit to impact 5 sectors
http://www.thestar.com.my/business/business-news/2016/11/15/weak-ringgit-to-impact-5-sectors/

On the other hand, CIMB Research reckoned that companies that have exposure to the automotive and airline industries, namely, Tan Chong Motor Holdings Bhd, Bermaz Auto Bhd, UMW Holdings Bhd, AirAsia Bhd and AirAsia X Bhd, would be negatively impacted from the stronger US dollar and yen.

Weak ringgit to impact 5 sectors
http://www.thestar.com.my/business/business-news/2016/11/15/weak-ringgit-to-impact-5-sectors/

On the other hand, CIMB Research reckoned that companies that have exposure to the automotive and airline industries, namely, Tan Chong Motor Holdings Bhd, Bermaz Auto Bhd, UMW Holdings Bhd, AirAsia Bhd and AirAsia X Bhd, would be negatively impacted from the stronger US dollar and yen.

GMT where are you? Last time USd 4.1 already make noise what more today 4.36?

MAHB says it’s okay for AirAsia to move only part of operations to KLIA
http://www.thestar.com.my/business/business-news/2016/11/10/mahb-says-its-okay-for-airasia-to-move-only-part-of-operations-to-klia/

MRT project gone.
http://www.thestar.com.my/business/business-news/2016/11/09/mrt-corp-awards-rm1pt58bil-contracts-to-wct-and-mtd/

2.4.8 Termination
(i) The Shareholders’ Agreement shall be deemed terminated upon occurrence of any of the following events:
(a) the termination of the Shareholders’ Agreement by mutual written
consent of all the Shareholders; or
(b) the winding-up of Kesturi in accordance with the provisions of the
Shareholders’ Agreement; or
(c) when Kesturi ceases to carry on any business;
(d) expiry or termination of the Concession Agreement; or
(e) the Listing having occurred (without prejudice to any accrued rights or obligations of the Shareholders and the Company under the
Shareholders’ Agreement).
(ii) The Shareholders may at any time mutually agree to terminate the
Shareholders’ Agreement as of a date to be agreed in writing by the
Shareholders and the Shareholders will agree upon a course of action to implement any arrangements that they may agree upon within 3 months from the date of such termination.
(iii) Unless otherwise stated in the Shareholders’ Agreement, if any Shareholder shall sell or transfer all its Shares in Kesturi to another Shareholder or to a third party in accordance with the provisions of the Shareholders’ Agreement,
the Shareholders’ Agreement will terminate only as to that Shareholder upon the completion of the sale or transfer (whichever is the latter to occur) of all its Shares in Kesturi to the other Shareholder or to the relevant third party.
12
2.4.9 Consequences of termination
In the event that a Shareholder (the “Defaulting Shareholder”) –
(i) commits any material breach of any of its obligations under the Shareholders’
Agreement and fails to take appropriate steps to remedy such breach (if capable of remedy) within 60 days after being given notice so to do by the other non-defaulting Shareholder;
(ii) assigns, transfers or disposes of its Shares in Kesturi in violation of the terms and conditions of the Shareholders’ Agreement;
(iii) is wound up or goes into liquidation, whether compulsory or voluntary or shall cease or threaten to cease to carry on the whole or substantially all of its business (except for the purposes of a bona fide reconstruction or amalgamation with the consent of the other Shareholder, such consent not to be unreasonably withheld);
(iv) becomes insolvent or is unable to pay its debts or admits in writing its inability
to pay its debts as they fall due or enters into any composition or arrangement with its creditors or makes a general assignment for the benefit of its creditors;
(v) solely in the case of Nuzen, commits or suffers the cessation of the ability of the Company or a company controlled by the Company to exercise, directly or indirectly, (1) a majority of the voting rights attributable to the shares of Nuzen
or (2) control of the board of directors of Nuzen (being a change in control of
Nuzen) without the prior consent in writing of EPF’s Subsidiary; or
(vi) solely in the case of EPF’s Subsidiary, commits or suffers the cessation of the ability of EPF or a company controlled by EPF to exercise, directly or indirectly,
(1) 100% of the voting rights attributable to the shares of EPF’s Subsidiary or (2) 100% control of the board of directors of EPF’s Subsidiary (being a change
in control of EPF’s Subsidiary) without the prior consent in writing of Nuzen; then such Shareholder shall be deemed to be in breach of the Shareholders’ Agreement and the other Shareholder (i.e. the Shareholder other than the Defaulting Shareholder) will be entitled (but not after 30 days of the event in question first coming
to the attention of the Shareholder entitled to give the notice) to give a notice (a “Default Notice”) to the Defaulting Shareholder.
The obligations of the SHA Parties under the clauses of the Shareholders’ Agreement
relating to the Guaranteed Return, Exit Return and Put Option and Call Option referred to in Sections 2.4.5, 2.4.6 and 2.4.7 respectively above do not constitute obligations which are subject to a breach under Section 2.4.9 (i) above or for which a Shareholder is entitled to give a Default Notice.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5254005

2.3.2 Termination
Termination in the event any of the Conditions Precedent is not fulfilled:
(i) on the expiry of the Cut-Off Date, any of the Conditions Precedent shall have been refused and appeal or appeals to the persons against such refusal have not been successful;
(ii) on the expiry of the Cut-Off Date, any of the Conditions Precedent have not been obtained or fulfilled or waived; or
(iii) at any time prior to the expiry of the Cut-Off Date, any of the Conditions Precedent shall have been granted subject to terms and conditions (“Adverse Conditions”) which affects any SSA Party (“Affected Party”), and further representations to the persons to vary such terms and conditions have not been successful, and the Affected Party is not willing to accept the Adverse Conditions then imposed by the relevant authorities or persons, then the Affected Party shall be entitled to terminate the SSA by notifying the other party to such effect in writing and thereafter the SSA Parties shall not have any further rights under the SSA except in respect of:
(i) any obligation under the SSA which is expressed to apply after the termination of the SSA; and
(ii) any rights or obligations which have accrued in respect of any breach of any of the provisions of the SSA to either SSA Party prior to such termination.

Purchaser’s right to terminate due to Vendor’s breach
Without prejudice to the provisions in the SSA, the Purchaser shall be entitled to issue a notice of termination (“Purchaser’s Notice of Termination”) to the Vendor if, at any time prior to completion of the SSA as contemplated under the terms of the SSA (“Completion”):
(i) the Vendor commits any breach of any of its obligations under the SSA which:
(a) is incapable of remedy; or
(b) if capable of remedy, is not remedied within 30 days of the Vendor
being given notice to do so; or
(ii) the Vendor commits any act or omission which would constitute a breach of any of the warranties given by the Vendor under the SSA involving a loss or liability in excess of RM50,000,000 and such breach of warranties is not remedied by the Vendor within 30 days of the Vendor being given notice to do so.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5254005

If tomorrow again no bursa announcement what will happen?

paperplane2016 No bursa announcement also
07/11/2016 22:38

ROE 3.67%, PE 26 good?
http://klse.i3investor.com/servlets/stk/fin/8206.jsp

ROE 3% good?
http://klse.i3investor.com/servlets/stk/fin/1171.jsp

ROE 3%, PE 22 good?
http://klse.i3investor.com/servlets/stk/fin/4383.jsp

PE 25 cheap?
http://klse.i3investor.com/servlets/stk/fin/0172.jsp

Why loss QR a good stock?
http://klse.i3investor.com/servlets/stk/fin/5205.jsp

Kok Onn join Cold Eye, KYY selling?

Many stocks look high sky. Cold Eye want to dispose so ask us to buy? Can someone create portfolio to see how it performs next year?

Is coming QR poor? Hence drop and Gan Thian Chin sold?

Cold Eye sold EG? Why no more EG in latest stocks list?

So coming QR poor and Tek Seng to drop to 90 sen?

Family to sue over pile driver mishap
http://www.thestar.com.my/news/nation/2016/11/06/family-to-sue-over-pile-driver-mishap/

Family to sue over pile driver mishap
http://www.thestar.com.my/news/nation/2016/11/06/family-to-sue-over-pile-driver-mishap/

What if EPF cancel deal? Nothing is paid so far so why cannot cancel?

Posted by Jay > Nov 4, 2016 08:14 PM | Report Abuse

like i said previously, there's nothing sinister to extend the deadline by 3 working days. lot of parties involved, so sometimes just last min stuck with internal compliance procedures.

anyway,, the coming announcement will have all the details including potential dividend, financial effects, timeline, salient terms etc. hope it's good news

Possible RM 7.5 on Monday?

1st deadline(3/11) ask to extend. 2 days over why still no news?

Why still no news on EPF buying Duke?

Previously EPF owned Duke through MRCB. Why pay 4 times higher in just few years? Very scared of our EPF fund. Sell low buy high.

Jay I'm not so pessimistic on the announcement. from 3 to 8 Nov is just 3 working days delay. This could easily happen when paperwork haven't finalised last minute or sometimes board of directors not around to approve etc.. besides, if you remember the Sept announcement, it was a binding term sheet. EPF had done a round of due diligence before signing the binding term sheet and agreed the price. so this 3 days delay is probably just to wrap up loose ends.

Agree. Too risky. Those smarter already sold after QR news.

Posted by deric123 > Nov 2, 2016 05:03 PM | Report Abuse
i think if they dun close the deal by nov 17 most ppl will just sell off

If EPF not willing to pay RM 1.1 billion for 40% stake how?

paperplane2016 this means.........EPF really intend to buy. But.....price? or............term and conditions in detail in time to do studies.
03/11/2016 00:15

moneySIFU The Edge Weekly is not so smart, I think, it talks the same old thing that told by Chonghai.
--------------------------------------------------
Posted by chonghai > Nov 2, 2016 07:58 PM | Report Abuse
xuewen, my calculation is very crude.
1). EKOVEST would be able to pocket around 1.1 billion from EPF.
2). This 1.1 billion can be used to offset close to 300 million of debt.
3). Essentially EKOVEST will have close to 800 million net cash WITHOUT CONSIDERING BOTH THE ASSET AND DEBT OF KESTURI WHICH EKOVEST STILL OWNS 60%.

Not correct in accounting terms. I assume KESTURI should be able to at least self sustain from now on or else EPF will not purchase a 40% stake.
This 800 million will be important to EKOVEST because DUKE III(SPE) is not under KESTURI.
03/11/2016 02:04

If EPF cancel deal what will happen? Gambling stock only gamblers like it.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5249689

Posted by Flintstones > Nov 2, 2016 09:46 PM | Report Abuse
Who cares about how Dow Jones is doing? Ekovest is a bottom-up stock.

Why extend? Why still not confirmed? Already 1.5 mth why EPF cannot decide? If cancel how?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5249689
extend cut off date to Nov 8th
02/11/2016 17:55

As is well known here, KYY like to bash BN govn. Why BN so stupid to give project to Gadang?

Give projects and vote opposition(DAP, etc) why BN so stupid?

Govn no money. In future all railway projects must give to China contractors to save money.

SC charges Three-A founder
http://www.theedgemarkets.com/my/article/sc-charges-three-founder

Oil up to year high good for AA?

Sinking non-stop. Real stop RM 1.5; 1 or 50 sen?

PSC, oil, USD up so AA how?

Why delay not end 2016 meh? So special dividend delay to 2nd qtr 2017?

Posted by gkhan > Sep 28, 2016 08:52 PM | Report Abuse
AAC sale will happen in q1 2017

Debts piling?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5215841

Best is stay at home. Avoid travel can avoid zika.
http://www.care2.com/causes/zika-virus-could-strike-india-china-or-the-philippines-next-2.html

One more red qtr? Car sales esp Proton still poor.

Posted by takashi86 > Aug 13, 2016 02:42 PM | Report Abuse
Me hope so...but y epf keep disposing?
And yet...june qr shd out soon...big question mark

Our intelligence is being tested one more time
http://www.thestar.com.my/business/business-news/2016/08/13/our-intelligence-is-being-tested-one-more-time/

The total amount to be impaired is some RM 1.4 billion over two years.

Those holding Genting before QR out must run.

Posted by kinfatt999 > Aug 6, 2016 03:37 PM | Report Abuse
this end of the month , result will be out, good luck every1

As long as i3 not banned anyone can post anywhere or anything. You should visit China counters thread to see how those holding the shares are hurt.

Posted by Sales > Aug 6, 2016 02:49 PM | Report Abuse
Pls.take do not talk rubbish and hurt people, don't you think is very bad.

Will more such direct deal coming?

Since not disclosed perhaps can slowly disposed in open market at 35 sen? 2 sen profit for 35 million shares is RM 700K is no small amount.

Posted by rkgfantasy > Aug 6, 2016 12:44 PM | Report Abuse
it a direct deal, not though open market
the main concern should be, who is the buyer ?
it VT slibling, Goverment related company, foreign company or Vietnam company haha