get back license also no point tbh, they did not proceed with the purchase of FMU 5, think the total loss was close to 25 mill in writeback.. their main problem was that they never had a good source of raw materials as factory was only running at 40% capacity, with FMU5 gone, no idea how they going to solve that issue

back so square one right? when you get your hopes up, damn counter does this to you... lol

think its left hand change to right hand.. be weary

aiya, can only hole la, hope it does not U-turn in the afternoon.. so many false start

yup, let the operators play by themselves...

lol... thought can trade on this counter but lost 10k in a week... painful tuition fees

looks like the selling pressure has not finished... good luck guys

looks like going to open at 0.60

every day seems to be going down 1-3 cents

really no luck with this counter

well volume is increasing...

am quite curious where all the sellers are coming from... retail players?

oil pass usd 40 but counter is going down... grrr

notice the buy que of 1 mill pls at 0.705 suddenly disappeared.. wonder if the que at 0.70 will disappear also

@ben123jamin.. you are absolutely right, same trades been going on the past week

everyday lose 10-15 %, you need to think for yourself if you hold or sell lor

buyers suddenly all disappear

well we will find out by the end of today if all these speculation holds any water

i wonder if this guy will every meletop?

my take is that if there is a change of gov again, the 5G will be put on tender again, cannot read too much into this

ouch...

how come suddenly so dead this space... what happened to all the believers?

https://www.theedgemarkets.com/article/govt-awards-700-mhz-band-tm-celcom-digi-maxis-and-altel

maybe it has to do with the awarding of the 5G license... new PN gov got no open tender at all...

this counter is really dead man

what are the changes tat TT tries to take it private on the cheap?? wouldn't be the first time

someone seems to be dumping the shares... grr

lol.. nothing wrong with being optimistic la, with all the bad news and with people losing their jobs, one should try to be optimistic, makes the world a better place. But it didi not add up, usually if its a privatization process, both counters will be suspended at the same time

while i will be a happy man if that happens but i sincerely doubt it

If BJ Corp was to announce the takeover of BJ Land, i believe it would be suspended too... announcement may be about something else...

looks more like distribution to me...

ask for more money, share dilution... thats the reason..

how come everyone so quiet already?

and the bloodbath begins

question if its true, dont really trust china company if i cant even get information about them, reminds me of this Chinese company called CSL

my take is that there will be a massive private placement to cover the payment for the bond issue... stay on sidelines first la.. PP will definitely be to a discount to the current share price...

@factbasedinvester care to share the link on who Guangzhou Kaishengda Industrial Co Ltd (GKI) are, maybe your internet more power than mine..

wow, 27.5 billion from a company you cant even google, i smell a scam here...

Sabah is still the old gov unfortunately, anyway they have terminated the buy of FMU5 buy, so am not too sure what they are going to log really... prior to PMU5, they were harvesting an average of 8k m3

@8888_ Maybe because Virgin airlines already close shop! way too risky to buy airline stocks now, even if they lift MCO, there will still be travel restrictions imposed by governments

you will need balls of steel to see this through but lets have some perspective, the last time there was a shake up, it lasted 2 years and the companies that managed to ride the storm came back stronger. This time around, it is a tripple whammy, Saudi-Russia piss off, Covid-19 reducing demand + no storage place so traders are getting cut down to pieces. If you are in production, its not as simple as witching off a switch(apparently it gets tricky to re-start it once its shut down) while the refineries is a lot easier to cut production.

It will take a while for demand to build up again but it will once the lock downs are lifted and a vaccine is found, with will be around 12 months or so...

looking at all the other counters, looks like not much impact on share price... will only suffer if people are forced to stay at home i guess

yup, june is still above USD 20, guess they are betting that Trump will open up the economy by mid May... its just supply and demand, if no demand, they got no where to put the oil... i dont understand why they dont just cut or reduce production, anyone got insights on this?

ya but only allow you to withdraw rm 1,500 a month of your own money!! bloody joke!

ya la... boss salary itself is RM 9 million a year for losing money...

the saudi's are talking about prices being at USD 30 for 3-5 years with dips at USD 15 taking place...

From an internal Saudi perspective, lower oil prices are manageable for the next decade. According to Aramco CEO Amin Nasser, "In a nutshell, Saudi Aramco can sustain the very low price and can sustain it for a long time." Saudi oil is the cheapest to produce (gross taxes, capital spending, production and transportation costs) in the world at $8.98 per barrel, according to the Aramco IPO prospectus of last year.
In comparison, US shale oil costs $23.35 per barrel (and $20.99 for non-shale), while Russian production costs average $19.21 per barrel, according to the Energy Information Administration.
In fact, with new drilling technologies, Saudi production costs have decreased even further at some fields, such as at the world's largest offshore oil field, Shaybah.

@khatulistiwa1234, false...

Dow futures fell 5%, hitting the "limit down" maximum allowable limit and halting futures from falling further within minutes after futures trading began Sunday.

Dow (INDU) futures dropped 954 points. S&P 500 (SPX) and Nasdaq (COMP) futures also fell around 5%.
The sharp drop in stock futures points to another volatile week for Wall Street as coronavirus continues to take a toll on public health and the economy in the United States and elsewhere.
The decline came shortly before a key procedural Senate vote on a massive stimulus package to help Americans handle the crisis failed Sunday evening, pushing out the timeline for relief.
Central banks and governments around the world last week announced a wave of stimulus measures aimed at bolstering economies and calming harried financial markets.
But the virus has continued to spread rapidly around the world — there are now more than 325,000 cases worldwide — forcing further travel restrictions, shut downs and disruptions for businesses, and threatening the global economy.

guys, you just need to be prepared for low oil prices... USD 20-25, the question is how long will this last... last time it was 1.5 years.. who knows how long this round will last... at this stage, every counter you have will lose money if you did not get out in time..

russia did their budgets on oil being at USD 40 while the Saudi's budget was based on oil being at USD 70...