sold back homertiz at 61.5, entitle all warrant

bought Gbg-WB at 41sen

sold back gamuda at 3.65

bought bjcorp at 26sen

bought gamuda at 3.60

Add hohup at 56.5sen

sold back all kps at 1.10

The sprint offer price for equity value RM900m. Therefore, KPS 20% stake only can get RM 180m. If take into account kps initial cost on acquire these 20% sprint about RM 120m + accumulated loss over year on sprint which incur operational loss since inception + interest cost on borrowing, total net gain on sprint is very minimum.

The good thing is that, kps can monetize these loss making associate sprint, channel capital to other viable business to growth its EPS.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6199385

bought back jaycorp at 96-98sen

bought hohup at 57.5sen

sold back at 99.5sen

add TRC at 62.5-63sen

bought back jaycorp at 1.05-1.06

sold back EWI at 69sen

sold back jaycorp at 1.08

Bonus warrant announced, ex date 27 these month June. These warrant already in money as conversion price only 55sen. Next month, homeritz will announce its Q result together with interim dividend. Expect much better Q result and higher dividend due to strengthen USD and benefited from trade war which shifted higher sale to Malaysia furniture exporter. Jaycorp, liihen, poh huat already runup ahead, furniture exporter theme returning.

bought jaycorp at 99.5-1.01

sold back sapura at 32sen

The most likely scenario to privatize bjland is through selective capital repayment in which bjland opt to repay capital other than major shareholder bjcorp. Its only selective to repay minority shareholder.

With divestment and monetize assets RM 520m, realize gain RM 200m in Vietnam, Bjland now have more than sufficient CASH to opt selective capital repayment to minority shareholder.

Through such selective capital repayment, it needless require any fund from bjcorp or VT fund to take over bjland at all. It just need to pass bjland board meeting and EGM to make use of bjland exiting cash hoard to repay minority shareholder. After selective capital repayment, it can successfully turning bjland to be fully own 100% by bjcrop later.

Currently, about 85% bjland already control by Bjcorp, therefore, minority shareholder altogether control only about 15%. Based on Bjland total share volume 4912m, minority shareholder share volume 736.8m.

Based on recent bjland target price 38sen offer to penta, the total minority shareholder value only about RM 280m. As Bjland recent monetize assets get CASH influx RM 520m, it is more than sufficient for bjland to fund these selective capital repayment to minority shareholder, if materialize, bjland have 90% upside.

While awaiting for bjland to be privatize soon, shareholder can expect GOOD Q result to be announce in next 2 week. Bjland will recognized about RM 200m gain profit from divestment of its subsidiary in Vietnam which completed on 1 Mac 2019. The gain from disposal give rise about 4 sen/share

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6020777

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6084657

Courting down time heading to EGM approval for bonus warrant

sold back GENM at 3.22

bought EWINT at 64sen

sold back malton at 55.5sen

bought back KPS at 1.02-1.03

Be patient, Build-Operate-Transfer Contract and the Power Purchase Agreement to be completed by August 2019.

Further to the announcement made by the Company on 17 January 2017 and 6 November 2017 pertaining to the Memorandum of Agreement (“MOA”) entered into between the Company with the Department of Natural Resources and Environment of Hau Giang Province (“Hau Giang DONRE”) in relation to the Land Lease Agreement (“LLA”) for the development of the Song Hau 2 - 2x1,060 MW Coal-Fired Thermal Power Plant Project in Hau Giang Province, Vietnam (“the Project”), unless context otherwise stated, the terms used herein shall bear the same meaning as those defined in the said Announcement.

The Board of Directors of TIGB wishes to announce to Bursa Malaysia Securities Berhad (“Bursa Securities”) that the Company had on 24 September 2018 entered into a new MOA with Hau Giang DONRE with revised terms and conditions of the LLA.

Timeline For Completion of The LLA

(a) TIGB shall use their commercially reasonable efforts to reach agreements on all outstanding terms and issues relating to the Build-Operate-Transfer (“BOT”) Contract and the Power Purchase Agreement (“PPA”) in good faith and as soon as possible and it can be reasonably estimated to be completed by August 2019.

(b) Hau Giang DONRE shall use their commercially reasonable efforts to accommodate certain changes raised by international lenders in the LLA which are standard and usual for this type of non-recourse financing and are in accordance with the Laws of Vietnam.

(c) TIGB and Hau Giang DONRE shall use their best efforts to make changes to the LLA to the extent that they are required to make it consistent with the BOT Contract and the PPA after the BOT Contract and the PPA are finalised.

(d) The new MOA shall become effective on the date of its execution and shall continue in effect until 31 August 2019 or the date of signing of the BOT Contract, whichever date is earlier.

(e) The new MOA shall replace the MOA dated 27 October 2017 in its entirety as from the date of execution of the new MOA.

1. Forward EPS 8sen (profit margin boost due to strengthen USD/RM + china/US trade war benefited malaysia exporter leading to higher volume sale)
2. dividend payout 40% = 3.2sen,
3. Valuation 10x = 80sen
4. dividend yield = 4%
5. warrant conversion price = 55sen
6. Intrinsic warrant value = 25sen
7. Upcoming 1 for 4 bonus warrant value = 6.2sen/share

8. Total potential upside from current share price 36%

sold back at 69.5sen

bought Uzma at 68.5sen

Be patient, awaiting for explosion 2 x 1060 MW IPP worth USD 3.5 billion, to be signed within next 2 month.

Under Trade warm, Vietnam is TOP beneficial country, many investment are shifted to Vietnam. Vietnam will become global manufacturing hub. A lot of power is needed to meet such influx investment. Many new power plant need to be build on fast track to meet ever increasing demand from manufacturing.

Toyoink will likely opt fairly similar business model alike jaks, secure foreign partner to build and retain about 40% stake in IPP,

Under BOT concession, profit will be recognized as soon as construction begin. The profit margin recognized during 4 year construction period is higher if compared to after power generation as it need to take into account depreciation/amortization etc.

1 for 4 bonus warrant to be announce after EGM approval on 14 June. The conversion price at 55sen implying upcoming warrant already in money.

Upcoming Q result also is expect to deliver stronger result due to strengthen USD and therefore expect to declare higher interim dividend.

Add bjland at 19.5sen

bought malton at 53.5sen

Total interim dividend 1 sen and now final dividend 2 sen = 3 sen dividend, very attractive yield income while awaiting for explosion 2 x 1060 MW IPP worth USD 3.5 billion, to be signed within next 2 month

Wow, final dividend 2sen

Toyoink dividend policy to payout 60% net profit as dividend. Expect another 1.5sen final dividend to declare on top of 1swn interim dividend. The next 2 month is critical time for toyoink to sign power purchase agreement to kick start Vietnam’s power plant 2 x 1060 MW

bought Toyoink at 63-65sen

Sold back all Naim at 79sen, locked profit

Bought homeritz at 64sen

ECRL and Bandar malaysia theme ---> both mega project require as much as 50% contract value to be allocate to Bumi contractor. These all requirement augur well for AZRB

AZRB is top BUMI A-class listed company

Add further AZRB at 40sen

sold back AWC at 71.5-72.5sen

bought TRC at 67sen

bought unimech at 1.07-1.08

50% of the local contract value for ECRL will be allocate to Bumi class A contractor ---> AZRB

ECRL theme return

https://www.malaysiakini.com/news/477474

bought danco at 55.5-56.5sen

bought more AZRB at 37.5-38sen